Plumfield Academy
Legal name: Plumfield Academy Inc
Nonprofit profile at a glance
- EIN
- 043329140
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Danvers, Massachusetts, US
- Phone
- (978) 304-0273
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
- Affiliation
- Christianity
Reported finances
- Revenue
- $326,010
- Expenses
- $363,170
- Assets
- $113,152
- Liabilities
- $13,278
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- JOHN PENSION (PRESIDENT)
Highest reported compensation
- JOHN PENSION (PRESIDENT): $73,666 total reported compensation
- NINA PENSION (CLERK): $43,556 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
That children and families might have 'life to the full.' In partnership with the family, Plumfield Academy exists to provide: FIRST, an atmosphere where children thrive academically and relationally; SECOND, high quality academics in a peaceful, low pressure environment for the peace and well-being of the child and the family; THIRD, guidance in the formation of good habits so our children may author for themselves a full life of wide interests and healthy relationships, both now and into the future.
What it reported doing in 2024
Our school serves families and their children (1st to 8th grade) by providing an inspiring and confidence building educational experience based on the principles of the english educator charlotte mason and rooted in the judeo-christian world view.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 19
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -11.4%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 32.3%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 6.2% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 5.9% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 18.5% per year; rating input score 100; 83rd percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 11 of 11 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $363K in reported program spending
- Leadership: top reported pay $74K · 11 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 21/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- High — Sustainability: Officer compensation ratio scored 10/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.