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Filing year 2023

THE FAY SCHOOL INC

Southborough, Massachusetts·EIN 04-2103573·NTEE B200 · Education·501(c)(3)
Total revenue
$35.1M
Total assets
$131.5M
Total expenses
$35.7M
Reported officers
27
Mission

TO NURTURE EACH CHILD'S POTENTIAL THROUGH A BROAD, BALANCED, AND CHALLENGING PROGRAM THAT ESTABLISHES THE FOUNDATION FOR A MEANINGFUL LIFE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Massachusetts.

Head of School
Officer (Unspecified)
$929k
$1M
Base
$723k
Bonus
Other
$32k
Benefits
$59k
Asst. Head of School for Operations and Finance
Officer (Unspecified)
$381k
$425k
Base
$311k
Bonus
Other
$23k
Benefits
$22k
Associate Head of School
Highest Compensated Employee
Above 90th percentile
$359k
$401k
Base
$263k
Bonus
Other
$23k
Benefits
$52k
Director of Advancement
Highest Compensated Employee
75th to 90th percentile
$335k
$374k
Base
$231k
Bonus
Other
$23k
Benefits
$62k
Director of Innovation
Highest Compensated Employee
Median to 75th percentile
$248k
$277k
Base
$203k
Bonus
Other
$20k
Benefits
$8k
Head of Upper School
Highest Compensated Employee
Median to 75th percentile
$224k
$250k
Base
$162k
Bonus
Other
$17k
Benefits
$31k
Head of Lower School
Highest Compensated Employee
25th percentile to median
$178k
$198k
Base
$150k
Bonus
Other
$15k
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 20 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE FAY SCHOOL INC equaled 3% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
3%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 25%
from 2022

From $741k in 2022 to $929k in 2023.

$741k
2022
$929k
2023
In today's dollarsEst.
Up 21% in real terms$856k to $1M

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 7% from 2022 to 2023, while revenue rose 3%.

$334k in 2022 to $359k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE FAY SCHOOL INC

What does the Highest Compensated Employee of THE FAY SCHOOL INC earn?

In 2023, the Highest Compensated Employee of THE FAY SCHOOL INC received $358,861 in total compensation. This pay is in the top 10% for Highest Compensated Employee roles among Education organizations in Massachusetts: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at THE FAY SCHOOL INC compare with similar nonprofits?

Compared with the same role at Education organizations in Massachusetts, the 2023 pay of the Highest Compensated Employee at THE FAY SCHOOL INC falls in the top 10%. In 2023, the highest total compensation at THE FAY SCHOOL INC equaled 3% of the organization's total expenses. The median for education organizations is 7%.

What are THE FAY SCHOOL INC's revenue and expenses?

In 2023, THE FAY SCHOOL INC reported $35.1M in total revenue and $35.7M in total expenses on its IRS Form 990.

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