Governor Dummer Academy the Governor's Academy
Nonprofit profile at a glance
- EIN
- 042103564
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Byfield, MA, USA
- Phone
- 9784651763
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $55,907,425
- Expenses
- $41,073,568
- Assets
- $188,809,970
- Liabilities
- $29,021,714
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
34 people listed
Executive titles in this filing
- PAUL NARDONE (PRESIDENT)
- LUCY HENKES (VICE-PRESIDENT)
- ARCHIE SEALE (VICE-PRESIDENT)
Highest reported compensation
- PETER QUIMBY (HEAD OF SCHOOL): $556,954 total reported compensation
- LESLIE L DICKEY (DIRECTOR OF ADVANCEMENT): $299,837 total reported compensation
- MICHAEL KINNEALEY (ASSISTANT HEAD OF SCHOOL): $250,757 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Together, we teach and learn skills that foster the courage to discover our voices, develop old and new passions, practice balance in the pursuit of excellence, and collaborate in building vibrant, inclusive, and sustainable communities.
What it reported doing in 2024
The governor's academy operates an independent secondary boarding and day school enrolling over 400 domestic and international students. The academy combines centuries of tradition with a dedication to educational innovation. Students flourish in a diverse community distinguished by connections with teachers and peers and defined by a commitment to achieving excellence in academics, athletics, and arts. Academy graduates are life-long learners who embrace their civic duty and global responsibility.
Operating model
- Revenue model
- Earned-program. 76% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 73
- Accountability: 100
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77%; rating input score 77
- Program expense ratio: 73.6%; rating input score 74
- Fundraising efficiency: $2.79 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 26.5%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 4.6; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 2.9% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 2.5% per year; rating input score 100; 17th percentile among comparable filings
Details
- Where the money goes: 77% of revenue deployed · 73.6% of spending went to programs
- Governance: 24 of 24 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $30.2M in reported program spending
- Leadership: top reported pay $557K · 34 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.5M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 9/100.
- High — Sustainability: Officer compensation ratio scored 17/100.