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Filing year 2023

TRUSTEES OF PHILLIPS ACADEMY

Andover, Massachusetts·EIN 04-2103579·NTEE B250 · Education·501(c)(3)
Total revenue
$207.9M
Total assets
$2B
Total expenses
$161.9M
Reported officers
36

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 14 reported individuals · Filing year 2023

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

Chief Investment Officer
Key Employee
Above 90th percentile
$1.1M
$1.2M
Base
$464k
Bonus
$548k
Other
Benefits
$48k
Head of School / Trustee
Board Member
Above 90th percentile
$1M
$1.1M
Base
$706k
Bonus
Other
Benefits
$194k
Secretary of the Academy
Key Employee
75th to 90th percentile
$567k
$624k
Base
$452k
Bonus
Other
Benefits
$44k
Asst Head of School/cfo
Officer (Unspecified)
$455k
$501k
Base
$335k
Bonus
Other
Benefits
$82k
Assoc Director of Investments
Highest Compensated Employee
Above 90th percentile
$436k
$481k
Base
$211k
Bonus
$172k
Other
Benefits
$15k
Assoc Director of Investments
Highest Compensated Employee
Above 90th percentile
$410k
$451k
Base
$303k
Bonus
$55k
Other
Benefits
$14k
Assoc Director of Investments
Highest Compensated Employee
Above 90th percentile
$408k
$449k
Base
$240k
Bonus
$115k
Other
Benefits
$15k
Chief Medical Officer
Highest Compensated Employee
Above 90th percentile
$396k
$436k
Base
$254k
Bonus
Other
Benefits
$112k
Dean of Faculty
Key Employee
Median to 75th percentile
$358k
$395k
Base
$172k
Bonus
Other
Benefits
$168k
Asst Head of School Admission
Key Employee
Median to 75th percentile
$356k
$392k
Base
$210k
Bonus
Other
Benefits
$122k
General Counsel
Highest Compensated Employee
75th to 90th percentile
$321k
$354k
Base
$244k
Bonus
Other
Benefits
$50k
Deputy Head of School Academic
Key Employee
25th percentile to median
$252k
$278k
Base
$143k
Bonus
Other
$7k
Benefits
$87k
Director of Facilities
Key Employee
25th percentile to median
$228k
$251k
Base
$203k
Bonus
Other
$450
Benefits
$3k
Interim Deputy Head of School
Former Officer/director/trustee
Median to 75th percentile
$174k
$191k
Base
$126k
Bonus
Other
Benefits
$36k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 22 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at TRUSTEES OF PHILLIPS ACADEMY equaled 0.7% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
0.7%
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.

Down 3%
from 2022

From $1.1M in 2022 to $1.1M in 2023.

$1.1M
2022
$1.1M
2023
In today's dollarsEst.
Down 7% in real terms$1.3M to $1.2M

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Key Employee pay rose 5% from 2022 to 2023, while revenue rose 11%.

$1M in 2022 to $1.1M in 2023.
  • Highest Compensated Employee pay fell 6% 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 TRUSTEES OF PHILLIPS ACADEMY

What does the Key Employee of TRUSTEES OF PHILLIPS ACADEMY earn?

In 2023, the Key Employee of TRUSTEES OF PHILLIPS ACADEMY received $1,098,702 in total compensation. This pay is in the top 10% for Key Employee roles among Education organizations in Massachusetts: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Key Employee pay at TRUSTEES OF PHILLIPS ACADEMY compare with similar nonprofits?

Compared with the same role at Education organizations in Massachusetts, the 2023 pay of the Key Employee at TRUSTEES OF PHILLIPS ACADEMY falls in the top 10%. In 2023, the highest total compensation at TRUSTEES OF PHILLIPS ACADEMY equaled 0.7% of the organization's total expenses. The median for education organizations is 7%.

What are TRUSTEES OF PHILLIPS ACADEMY's revenue and expenses?

In 2023, TRUSTEES OF PHILLIPS ACADEMY reported $207.9M in total revenue and $161.9M in total expenses on its IRS Form 990.

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