Civic Intelligence

Greenhills School

EIN 38-6143974 • 501(c)3 • Ann Arbor, MI

Linked School Profile

Greenhills School

Ann Arbor, MI • Private

Profile

Greenhills school is a student-centered community that helps young people realize their full intellectual, ethical, artistic and athletic potential in preparation for college - and beyond - as curious, creative, and responsible citizens who respect all individuals and their differences, and whose meaningful and balanced lives will better the world.

Refreshing map…

850 Greenhills DriveAnn Arbor, MI 48105

www.greenhillsschool.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.27x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.46x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

58th percentile

7.4%

Higher net margin than 58% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$564,416

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

62nd percentile

8.5%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

13%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$42,091,363

Up $3,286,107 (+8.5%) from 2023

Liabilities

Up

$11,387,539

Up $150,923 (+1.3%) from 2023

Net Assets

Up

$30,703,824

Up $3,135,184 (+11%) from 2023

Revenue

Up

$24,945,534

Up $2,895,257 (+13%) from 2023

Expenses

Up

$23,094,410

Up $1,834,880 (+8.6%) from 2023

Net Income

Up

$1,851,124

Up $1,060,377 (+134%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $23,852,036Liabilities 2010: $5,653,589Net Assets 2010: $18,198,4472010Assets 2011: $24,915,226Liabilities 2011: $5,797,008Net Assets 2011: $19,118,2182011Assets 2012: $24,172,495Liabilities 2012: $5,925,575Net Assets 2012: $18,246,9202012Assets 2013: $24,252,575Liabilities 2013: $5,699,108Net Assets 2013: $18,553,4672013Assets 2014: $25,690,697Liabilities 2014: $5,762,083Net Assets 2014: $19,928,6142014Assets 2015: $24,313,947Liabilities 2015: $4,111,915Net Assets 2015: $20,202,0322015Assets 2016: $24,439,772Liabilities 2016: $3,676,545Net Assets 2016: $20,763,2272016Assets 2017: $26,387,203Liabilities 2017: $4,279,361Net Assets 2017: $22,107,8422017Assets 2018: $27,653,639Liabilities 2018: $4,790,053Net Assets 2018: $22,863,5862018Assets 2019: $27,774,066Liabilities 2019: $4,529,395Net Assets 2019: $23,244,6712019Assets 2020: $32,978,024Liabilities 2020: $9,849,872Net Assets 2020: $23,128,1522020Assets 2021: $38,781,499Liabilities 2021: $11,150,152Net Assets 2021: $27,631,3472021Assets 2022: $37,488,516Liabilities 2022: $11,276,788Net Assets 2022: $26,211,7282022Assets 2023: $38,805,256Liabilities 2023: $11,236,616Net Assets 2023: $27,568,6402023Assets 2024: $42,091,363Liabilities 2024: $11,387,539Net Assets 2024: $30,703,8242024

Highlighted filing

2024

Assets$42,091,363
Liabilities$11,387,539
Net Assets$30,703,824

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $10,912,1272010Expenses 2011: $10,925,2722011Expenses 2012: $11,573,1022012Revenue 2013: $11,755,818Expenses 2013: $11,743,950Net Income 2013: $11,8682013Revenue 2014: $12,734,238Expenses 2014: $12,145,355Net Income 2014: $588,8832014Revenue 2015: $12,993,215Expenses 2015: $12,556,850Net Income 2015: $436,3652015Revenue 2016: $13,288,375Expenses 2016: $12,680,366Net Income 2016: $608,0092016Revenue 2017: $14,007,918Expenses 2017: $13,008,046Net Income 2017: $999,8722017Revenue 2018: $14,292,799Expenses 2018: $13,941,817Net Income 2018: $350,9822018Revenue 2019: $13,986,436Expenses 2019: $13,781,933Net Income 2019: $204,5032019Revenue 2020: $14,375,505Expenses 2020: $14,505,641Net Income 2020: -$130,1362020Revenue 2021: $17,943,367Expenses 2021: $15,595,416Net Income 2021: $2,347,9512021Revenue 2022: $18,319,042Expenses 2022: $17,885,450Net Income 2022: $433,5922022Revenue 2023: $22,050,277Expenses 2023: $21,259,530Net Income 2023: $790,7472023Revenue 2024: $24,945,534Expenses 2024: $23,094,410Net Income 2024: $1,851,1242024

Highlighted filing

2024

Revenue$24,945,534
Expenses$23,094,410
Net Income$1,851,124

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.1$11.4$30.7$24.9$23.1$1.85
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.8$11.2$27.6$22.1$21.3$0.79
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.5$11.3$26.2$18.3$17.9$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.8$11.2$27.6$17.9$15.6$2.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.0$9.85$23.1$14.4$14.5$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.8$4.53$23.2$14.0$13.8$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.7$4.79$22.9$14.3$13.9$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.4$4.28$22.1$14.0$13.0$1.00
2016Detailed filing. Detailed filing data is available for this year.$24.4$3.68$20.8$13.3$12.7$0.61
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.3$4.11$20.2$13.0$12.6$0.44
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$5.76$19.9$12.7$12.1$0.59
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$24.3$5.70$18.6$11.8$11.7$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.2$5.93$18.2$11.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.9$5.80$19.1$10.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.9$5.65$18.2$10.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$25,521,193
Mission and Program Overview

Mission

Greenhills school is a student-centered community that helps young people realize their full intellectual, ethical, artistic and athletic potential in preparation for college - and beyond - as curious, creative, and responsible citizens who respect all individuals and their differences, and whose meaningful and balanced lives will better the world.

Greenhills school is a student-centered community that helps young people realize their full intellectual, ethical, artistic, and athletic potential in preparation for college and beyond as curious, creative, and responsible citizens who respect all individuals and their differences, and whose meaningful and balanced lives will better the world.the promotion of diversity is essential to the ethos and practices of greenhills school. We believe that people from all races, cultures, socio-economic backgrounds, genders, abilities, religions, and sexualities are sources of strength that enrich teaching and learning. We strive to build a diverse learning community by actively valuing individual experiences, ideas, and talents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,331,236$18,722,362▲ $1,391,126
Land, Buildings, and Equipment, Net$17,399,003$17,361,298▼ $37,705
Savings and Temporary Cash Investments$3,391,638$4,742,240▲ $1,350,602
Pledges and Grants Receivable$2,125$657,241▲ $655,116
Prepaid Expenses and Deferred Charges$173,227$146,771▼ $26,456
Cash and Non-Interest-Bearing Accounts$6,655$18,111▲ $11,456
Accounts Receivable$25,651$11,591▼ $14,060
Total Assets$38,805,256$42,091,363▲ $3,286,107
Other Assets Total$475,721$431,749▼ $43,972
Liabilities
Deferred Revenue$7,805,715$8,459,645▲ $653,930
Mortgage Notes Payable Secured by Investment Property$3,003,931$2,643,541▼ $360,390
Accounts Payable and Accrued Expenses$357,494$230,090▼ $127,404
Other Liabilities$69,476$54,263▼ $15,213
Total Liabilities$11,236,616$11,387,539▲ $150,923
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,872,845$19,621,232▲ $748,387
Net Assets With Donor Restrictions$8,695,795$11,082,592▲ $2,386,797
Total Net Assets Fund Balance$27,568,640$30,703,824▲ $3,135,184
Total Liabilities and Net Assets / Fund Balance$38,805,256$42,091,363▲ $3,286,107

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,805,185$15,256,517$28,061,702
Leasehold Improvements$2,746,857$1,405,433$4,152,290
Equipment$996,201$946,964$1,943,165
Other Land Buildings$639,074$797,106$1,436,180
Land$173,981-$173,981

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$9,104,343$559,959▲ $1,311,267$887,262$10,088,307
2023$8,389,052$440,492▲ $985,956$632,878$9,104,343
2022$10,192,740$26,976▼ $1,489,108$264,989$8,389,052
2021$8,280,097$15,485▲ $2,452,282$487,896$10,192,740
2020$8,298,730$11,555▲ $358,459$333,147$8,280,097
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr Peter B FayroianHead of SchoolFT$452,882$111,534$564,416
Ms E Quincy MclaughlinAssociation Head of SchoolFT$244,773$6,953$251,726
Mr John R NickelChief Financial OfficerFT$223,781$18,694$242,475
Mr Paul GargaroDirector of AdvancementFT$208,538$18,300$226,838
Ms Marissa GreenDirector of It ServicesFT$155,583$38,739$194,322
Mrs Nadine Hall Dir ofDiversity, Equity, and InclusionFT$147,680$31,149$178,829
Dr Deano SmithHead of Upper SchoolFT$153,018$20,359$173,377
Mr Michael ShawDirector of Marketing & CommFT$133,025$31,310$164,335
Mrs Elizabeth Ellsworth DirOf College Counseling (to 6/2023)-$144,013$14,577$158,590
Mr Sylvester CutlerDirector of Enrollment ManagementFT$134,454$16,017$150,471
Mr Thomas WardDirector of AthleticsFT$113,823$21,453$135,276

Highest Paid Contractors

ContractorServicesLocationCompensation
Plum Market Food Service LLCDining Services30777 NORTHWESTERN HWY SUITE 301, Farmington Hills, MI 48334$987,388
Mechanical Services LLCHeating And Cooling Repairs9897 WEBER ST, Brighton, MI 48116$364,738
Wyatt Electrical ContractorsRepairs And MaintenancePO BOX 802, Manchester, MI 48158$170,440
Integrated Design Solutions LLCArchitectural Design Services1441 W LONG LAKE ROAD SUITE 200, Troy, MI 48098$170,400
Revenue and Support

Revenue Composition

Contributions and Grants
$2,366,030
Program Service Revenue
$21,849,913
Investment Income
$668,016
Other Revenue
$61,575
All Other Contributions
$2,299,120
Change in Net Assets
$1,851,124

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles2$88,150Fair Market Value (FMV)
Other Non Cash Contri Table1$1,000Fair Market Value (FMV)
Total Noncash Contributions3$89,150-

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,900,223
Revenue Not Reported on Financial Statements
$45,311
Revenue Not Reported on Form 990
$-1,811,394
Other Revenue Adjustments
$-23,914
Total Revenue per Audited Statements
$23,088,829
Total Revenue per Form 990
$24,945,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,714,890
Other Expenses$5,218,310
Grants and Similar Amounts Paid$3,161,210
Total Fundraising Expense$887,236
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,423,175$2,791,068$469,128$9,683,371
Grants to Domestic Individuals$3,161,210--$3,161,210
Fees for Services Other$1,286,272$618,057$49,144$1,953,473
Other Employee Benefits$1,391,566$330,936$59,717$1,782,219
Current Officers, Directors, Trustees, and Key Employees$1,096,570$476,494$80,090$1,653,154
Depreciation Depletion$1,086,678$26,007$5,183$1,117,868
Payroll Taxes$555,760$222,234$38,193$816,187
Pension Plan Contributions$488,154$257,216$34,589$779,959
Office Expenses$119,661$531,511-$651,172
Information Technology$285,192--$285,192
Occupancy$217,004$5,193$1,035$223,232
Insurance-$190,946-$190,946
Interest$91,587--$91,587
Fees for Service Investment Mgmnt Fees-$69,225-$69,225
Fees for Services Accounting-$46,125-$46,125
Other Expenses$20,489$168,141$149,017$20,489
Fees for Services Legal-$5,805-$5,805
Total Functional Expenses$16,462,492$5,744,682$887,236$23,094,410

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$23,094,410
Total Expenses per Audited Statements$19,887,889
Expenses per Audited Statements$19,863,975
Expenses Not Reported on Financial Statements$3,230,435
Other Expense Adjustments$3,161,210
Expenses Not Reported on Form 990$23,914
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$16,684
Fundraising Direct Expenses$6,676
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gryfun Run & Walk$83,594$16,684$5,708$10,976
Total Events$83,594$16,684$6,676$10,008
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Funds Due to Student Groups$49,875
Accrued Pension and Post-retirement Benefits$2,515
Other Liabilities$1,873
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The trusteeship has delegated authority to act on all financial matters of the school to the finance committee (comprised of 4 trustees and 2 ex-officio members). The trusteeship also has an executive committee (comprised of all committee chairs and 1 ex-officio member).

Form 990, Part VI, Section B, Line 11B

The finance committee is presented with a copy of the complete form 990 before filing. An electronic vote is taken by the committee to aprove the 990. The finance committee has been given the authority by the entire board of trustees to act on its behalf related to financial matters. Copies are available for the entire board upon request.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy covers all officers, directors, and trustees. Board questionnaires are completed annually at the beginning of the fiscal year. Potential conflicts are reviewed by the board. The board provides guidance and takes action on the conflicts as appropriate. Board members with conflicts must recuse themselves from deliberation and voting on matters pertaining to the conflict.

Form 990, Part VI, Section B, Line 15A

Compensation for the head of school is determined annually by the executive committee of the board of trustees. A performance review is conducted by all trustees and comparative compensation data is analyzed. A third party executive compensation consultant was engaged in 2023. All other compensation levels and raises are annually determined by the head of school using a salary pool that has been approved by the finance committee. The head of school uses nais benchmark statistics for comparative data. Last performed in spring of 2023.

Form 990, Part VI, Section C, Line 19

The financial statements, conflict of interest policy, and all governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Greenhills School
EIN
38-6143974
Phone
7347694010
Address
850 GREENHILLS DRIVE, ANN ARBOR, MI 48105

Signing Officer

Name
John R Nickel
Title
Chief Financial Officer
Phone
7347694010
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter B Fayroian
Formed
1968
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
215
Volunteers
22

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
790 N WATER ST SUITE 2000, MILWAUKEE, WI 53202
Preparer
Troy Marine CPA
Phone
4147775500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Interest rate swap gain -65,756.

FORM 990, PART XII, LINE 2C:

The audit process has not changed in the current year.

Financial Statement Notes

PART V, LINE 4:

Endowment funds are for financial aid, upkeep of the athletic fields, upkeep of the theater, faculty growth and learning, instructional enhancement programs for arts and science, senior awards, and faculty compensation.

PART X, LINE 2:

The school qualifies as a tax-exempt organization under section 501(c)(3) of the u.s. Internal revenue code and corresponding provisions of state law and, accordingly, is not subject to federal or state income taxes. The school has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Financial aid reclassified -3,161,210.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold -17,238. Special event expenses -6,676.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 17,238. Special event expenses 6,676.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid reclassified 3,161,210.

Raw XML AppendixShowing 400 of 887 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0GREENHILLS SCHOOL IS A STUDENT-CENTERED COMMUNITY THAT HELPS YOUNG PEOPLE REALIZE THEIR FULL INTELLECTUAL, ETHICAL, ARTISTIC, AND ATHLETIC POTENTIAL IN PREPARATION FOR COLLEGE AND BEYOND AS CURIOUS, CREATIVE, AND RESPONSIBLE CITIZENS WHO RESPECT ALL INDIVIDUALS AND THEIR DIFFERENCES, AND WHOSE MEANINGFUL AND BALANCED LIVES WILL BETTER THE WORLD.THE PROMOTION OF DIVERSITY IS ESSENTIAL TO THE ETHOS AND PRACTICES OF GREENHILLS SCHOOL. WE BELIEVE THAT PEOPLE FROM ALL RACES, CULTURES, SOCIO-ECONOMIC BACKGROUNDS, GENDERS, ABILITIES, RELIGIONS, AND SEXUALITIES ARE SOURCES OF STRENGTH THAT ENRICH TEACHING AND LEARNING. WE STRIVE TO BUILD A DIVERSE LEARNING COMMUNITY BY ACTIVELY VALUING INDIVIDUAL EXPERIENCES, IDEAS, AND TALENTS.
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IRS990/BooksInCareOfDetail/PhoneNum07347694010
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0850 GREENHILLS DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0ANN ARBOR
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IRS990/Desc0GREENHILLS SCHOOL IS AN INDEPENDENT, NON-DENOMINATIONAL, COED COLLEGE PREPARATORY SCHOOL ENROLLING GRADES 6-12 WITH AN EMPHASIS ON SCHOLASTIC, ATHLETIC, ARTISTIC AND EDUCATIONAL EXCELLENCE FOR APPROXIMATELY 680 STUDENTS. THE SCHOOL OFFERS A NEED BASED FINANCIAL AID PROGRAM COVERING TUITION FOR APPROXIMATLEY 153 STUDENTS IN FISCAL YEAR ENDING JUNE 30, 2024.
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IRS990/MissionDesc0GREENHILLS SCHOOL IS A STUDENT-CENTERED COMMUNITY THAT HELPS YOUNG PEOPLE REALIZE THEIR FULL INTELLECTUAL, ETHICAL, ARTISTIC, AND ATHLETIC POTENTIAL IN PREPARATION FOR COLLEGE - AND BEYOND - AS CURIOUS, CREATIVE, AND RESPONSIBLE CITIZENS WHO RESPECT ALL INDIVIDUALS AND THEIR DIFFERENCES, AND WHOSE MEANINGFUL AND BALANCED LIVES WILL BETTER THE WORLD.
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