The Woodward School for Girls Inc

Nonprofit profile at a glance

EIN
042952746
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Quincy, MA, USA
Phone
6177735610
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$2,658,465
Expenses
$3,351,004
Assets
$8,115,424
Liabilities
$2,543,788

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

Leadership & pay

13 people listed

Highest reported compensation

  • ALEXANDER MAGAY (HEAD OF SCHOOL): $160,295 total reported compensation
  • JENNIE DONEGAN (DIRECTOR OF ENROLLMENT): $101,794 total reported compensation

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

Overview

Mission

The woodward school honors and cultivates each student's academic and personal potential to enrich the world with courage and creativity. Woodward has been educating and empowering young women in grades 6-12 since 1894.

What it reported doing in 2024

1. Academic programsthe woodward school provides a rigorous, college preparatory liberal arts curriculum for students in grades 6-12, designed to cultivate intellectual curiosity, critical thinking, and leadership skills. The program includes advanced placement (ap) courses, honors classes, dual enrollment courses with quincy college, and interdisciplinary learning opportunities to prepare students for success in higher education and beyond. The school is neasc accredited and achieved a 100% college acceptance rate for graduating seniors.2. Student life, leadership development, and career readinesswoodward fosters a supportive and inclusive environment through leadership programs, student government, clubs, and extracurricular activities that promote personal growth, creativity, and community engagement. Programs like impact learning @ woodward, a career-focused internship initiative, as well as robust offerings in performing and visual arts, provide students with hands-on learning experiences and opportunities to explore their passions. Most students participate in leadership roles, extracurricular activities, or arts programs, contributing to a vibrant and well-rounded school community.3. Financial aid and access programsthe woodward school is committed to expanding access to exceptional education for young women, offering need-based financial aid and scholarships awarding hundreds of thousands of dollars in financial aid to ensure economic diversity and equitable access for students from a range of socioeconomic backgrounds.

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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 31
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.2%; rating input score 93
  • Program expense ratio: 73.9%; rating input score 74
  • Fundraising efficiency: $4.4 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd 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; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -26.1%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 2.42; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.31; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: -0.5% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: 10.3% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 93.2% of revenue deployed · 73.9% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.5M in reported program spending
  • Leadership: top reported pay $160K · 13 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2009 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.
  • 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 — Financial Efficiency: Fundraising efficiency scored 14/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.