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Filing year 2023

THE TRUSTEES OF THE CUSHING ACADEMY

Ashburnham, Massachusetts·EIN 04-2104048·NTEE B250 · Education·501(c)(3)
Total revenue
$37.3M
Total assets
$248.5M
Total expenses
$34.6M
Reported officers
22
Mission

CUSHING ACADEMY, FOUNDED AS A COEDUCATIONAL BOARDING SCHOOL IN 1865, EXISTS FOR STUDENTS, THEIR ACADEMIC GROWTH AND THEIR PERSONAL DEVELOPMENT. WE ARE DEDICATED TO EDUCATING THE MIND, SHAPING THE CHARACTER, AND NURTURING THE CREATIVITY OF YOUNG MEN AND WOMEN. IN A COMMUNITY THAT IS ACADEMICALLY AND CULTURALLY DIVERSE, WE CHALLENGE EACH INDIVIDUAL, SUPPORT EXCELLENCE IN EVERY ASPECT OF THE LEARNING PROCESS, AND PROMOTE ACTIVE PARTICIPATION IN ALL AREAS OF LIFE AND LEARNING. WE OFFER A DEMANDING COLLEGE PREPARATORY CURRICULUM, TEACH SKILLS THAT BUILD CONFIDENCE, AND INSTILL VALUES THAT ENDURE. CUSHING ACADEMY EXISTS FOR STUDENTS AND DEVELOPS CURIOUS, CREATIVE, AND CONFIDENT LEARNERS AND LEADERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2023

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

Trustee, Head of School
Board Member
Above 90th percentile
$619k
$691k
Base
$447k
Bonus
$20k
Other
$5k
Benefits
$77k
Associate Head of School
Key Employee
Median to 75th percentile
$314k
$351k
Base
$232k
Bonus
Other
$973
Benefits
$55k
CFO
75th to 90th percentile
$312k
$348k
Base
$281k
Bonus
Other
$1k
Benefits
$1k
Director of Advancement
Highest Compensated Employee
Median to 75th percentile
$234k
$261k
Base
$172k
Bonus
Other
$671
Benefits
$50k
Director Master Planning/engineering
Highest Compensated Employee
Median to 75th percentile
$204k
$228k
Base
$162k
Bonus
Other
$954
Benefits
$27k
Advancement Officer
Highest Compensated Employee
25th percentile to median
$155k
$173k
Base
$125k
Bonus
Other
$426
Benefits
$21k
Dean of Faculty
Highest Compensated Employee
25th percentile to median
$150k
$167k
Director of Student Affairs
Highest Compensated Employee
25th percentile to median
$147k
$164k

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 14 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE TRUSTEES OF THE CUSHING ACADEMY equaled 2% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
2%
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.

Down 7%
from 2022

From $663k in 2022 to $619k in 2023.

$663k
2022
$619k
2023
In today's dollarsEst.
Down 10% in real terms$765k to $691k

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

Board Member pay fell 7% from 2022 to 2023, while revenue rose 5%.

$663k in 2022 to $619k in 2023.
  • Key Employee pay rose 4% from 2022 to 2023.
  • Chief Financial Officer pay rose 4% from 2022 to 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 TRUSTEES OF THE CUSHING ACADEMY

What does the Board Member of THE TRUSTEES OF THE CUSHING ACADEMY earn?

In 2023, the Board Member of THE TRUSTEES OF THE CUSHING ACADEMY received $618,834 in total compensation. This pay is in the top 10% for Board Member roles among Education organizations in Massachusetts: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at THE TRUSTEES OF THE CUSHING ACADEMY compare with similar nonprofits?

Compared with the same role at Education organizations in Massachusetts, the 2023 pay of the Board Member at THE TRUSTEES OF THE CUSHING ACADEMY falls in the top 10%. In 2023, the highest total compensation at THE TRUSTEES OF THE CUSHING ACADEMY equaled 2% of the organization's total expenses. The median for education organizations is 7%.

What are THE TRUSTEES OF THE CUSHING ACADEMY's revenue and expenses?

In 2023, THE TRUSTEES OF THE CUSHING ACADEMY reported $37.3M in total revenue and $34.6M in total expenses on its IRS Form 990.

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