St Paul's School

Nonprofit profile at a glance

EIN
020222227
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Concord, NH, USA
Phone
6032294635
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Secondary, High School

Official website

Reported finances

Revenue
$133,709,674
Expenses
$89,097,183
Assets
$1,054,322,060
Liabilities
$101,197,719

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

29 people listed

Executive titles in this filing

  • MR DAVID SCULLY (PRESIDENT)

Highest reported compensation

  • KATHY GILES (RECTOR): $1,048,590 total reported compensation
  • DR CAROLINE BROOKS SEAY VICE (RECTOR FOR FINANCE & ADMINISTRATION): $475,558 total reported compensation
  • DR THERESA FERNS (VICE RECTOR OF SCHOOL LIFE): $324,323 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

St. Paul's school is a fully residential academic community. In educating students to build purposeful lives in service to the greater good, st. Paul's school engages young people in a diverse, inclusive, and ethical community, dedicated to the pursuit of (see schedule o) excellence in character and scholarship and inspired by the beauty and spirit of our millville home.

What it reported doing in 2024

St. Paul's school founded the advanced studies program (asp) in 1958 to provide talented New Hampshire public and parochial high school risking seniors with challenging educational opportunities otherwise unavailable to them. Each summer, young men and women live on the st. Paul's school's campus for five and a half weeks. Students are immersed in a college-level curriculum and challenged to discover new ways of learning. Asp offers a wide variety of courses from shakespeare to astronomy, which thoroughly explore topics in several disciplines. In their time at asp, students become immersed in their subject of choice, setting them up for a lifelong understanding of the material. (see schedule o for continuation)additionally, all asp students have an opportunity to enhance their writing skills through compulsory interactive writing workshops.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 81% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - 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: 82
  • Transparency & Controls: 78
  • Accountability: 98
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 76.7%; rating input score 77
  • Fundraising efficiency: $2.21 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • 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: 95.7%; rating input score 96; 49th 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: 33.4%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 11.83; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 3.3%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 2.8% per year; rating input score 100; 21st percentile among comparable filings
  • Revenue growth: 5.9% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 3% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 76.7% of spending went to programs
  • Governance: 22 of 23 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $68.3M in reported program spending
  • Leadership: top reported pay $1M · 29 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $25.4M reported
  • Consistency: 37 of 38 current checks pass · 1 finding to review
  • Schedules: 12 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 6/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.