THE FAY SCHOOL INC Charity Report

Public IRS 990 nonprofit record

THE FAY SCHOOL INC

EIN 04-2103573 · Education (B200)

What they do

to NURTURE EACH CHILDS POTENTIAL THROUGH A BROAD, BALANCED, and CHALLENGING PROGRAM THAT ESTABLISHES THE FOUNDATION for A MEANINGFUL LIFE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $81.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

80.67%of revenue went to mission work81.4% of expenses · Program services

2.21%of revenue went to fundraising2.2% of expenses

$99.05spent for every $100 of revenueRevenue covered expenses this year.

16.17%of revenue went to management and office costs16.3% of expenses

$3.45in assets for every $1 spent this yearSome assets cannot be spent right away.

12.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $864,518 for ROBERT GUSTAVSON (FORMER HEAD OF SCHOOL). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$38,921,534

Mission workProgram services$31,396,31980.67% of revenue81.4% of expenses

ManagementOffice and general costs$6,294,79916.17% of revenue16.3% of expenses

FundraisingAsking for donations$861,4312.21% of revenue2.2% of expenses

Revenue left after expensesReported annual surplus$368,9850.95% of revenueShown in gray on the chart

Total expenses$38,552,54999.05% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 81.4% mission · 16.3% management · 2.2% fundraisingTotal expenses: 99.05% of revenue

2023Expense mix: 82.0% mission · 15.4% management · 2.6% fundraisingTotal expenses: 101.67% of revenue

2022Expense mix: 82.0% mission · 15.6% management · 2.4% fundraisingTotal expenses: 95.68% of revenue

2021Expense mix: 80.3% mission · 17.5% management · 2.2% fundraisingTotal expenses: 90.79% of revenue

2020Expense mix: 83.1% mission · 14.7% management · 2.2% fundraisingTotal expenses: 87.11% of revenue

2019Expense mix: 78.7% mission · 18.7% management · 2.6% fundraisingTotal expenses: 107.02% of revenue

2018Expense mix: 75.0% mission · 22.5% management · 2.5% fundraisingTotal expenses: 99.85% of revenue

2017Expense mix: 81.1% mission · 16.2% management · 2.7% fundraisingTotal expenses: 98.91% of revenue

Money in and money out

Revenue$38,921,534

Expenses$38,552,549

Annual surplus $368,985 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$31,396,319 · 81.4% of expenses

Management and office costs$6,294,799 · 16.3% of expenses

Fundraising$861,431 · 2.2% of expenses

See all reported dollar amounts

Revenue$38,921,534

Expenses$38,552,549

Assets$133,013,098

Income$59,610,798

Contributions$4,723,235

Mission work (program services)$31,396,319

Fundraising$861,431

Grants given$20,000

Average grant$20,000

Management and general$6,294,799

Executive compensation (total)$982,368

Stocks and bonds$46,466,014

Accounting fees$52,457

Investing fees$108,172

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ROBERT GUSTAVSONFORMER HEAD OF SCHOOL · 38 hrs/week $864,518Base $768,661 · Other $95,857

ELIZABETH WHITNEYASSOCIATE HEAD OF SCHOOL · 38 hrs/week $422,465Base $309,029 · Other $113,436

DIANE BYRNEASST. HEAD OF SCHOOL FOR OPERATIONS · 38 hrs/week $397,493Base $334,053 · Other $63,440

SUSANNA WATERSHEAD OF SCHOOL · 38 hrs/week $349,050Base $251,119 · Other $97,931

ROBERT CRAWFORDDIRECTOR OF ADVANCEMENT · 38 hrs/week $347,675Base $244,004 · Other $103,671

JUDI ANN OBRIENASSTISTANT HEAD OF SCHOOL FOR THE EDUCATIONAL PROG · 38 hrs/week $296,455Base $265,343 · Other $31,112

JOHN SUMNERHEAD OF UPPER SCHOOL · 38 hrs/week $260,241Base $173,730 · Other $86,511

PETER FEAREYDIRECTOR OF INNOVATION · 38 hrs/week $248,716Base $231,906 · Other $16,810

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

ROBERT GUSTAVSONFORMER HEAD OF SCHOOL

ELIZABETH WHITNEYASSOCIATE HEAD OF SCHOOL

DIANE BYRNEASST. HEAD OF SCHOOL FOR OPERATIONS

SUSANNA WATERSHEAD OF SCHOOL

ROBERT CRAWFORDDIRECTOR OF ADVANCEMENT

JUDI ANN OBRIENASSTISTANT HEAD OF SCHOOL FOR THE EDUCATIONAL PROG

JOHN SUMNERHEAD OF UPPER SCHOOL

PETER FEAREYDIRECTOR OF INNOVATION

JEAN SUNGTRUSTEE

WILLIAM PICARDITRUSTEE

SEAN LUTRUSTEE

SARA R MARSSECRETARY

PETER BAUERTRUSTEE

MELISSA BOISTRUSTEE

LAURIE VANCETREASURER

JOHN SIMONTRUSTEE

JESSICA MOORAJTRUSTEE

ALEX CURTISVICE PRESIDENT

JAE HOON KIMTRUSTEE

HELEN LINTRUSTEE

HEATHER R GIROLAMOTRUSTEE

GILBERT ZAWAIRATRUSTEE

FAITH WALLACE-GADSDENTRUSTEE

ELEANOR BROWNTRUSTEE

DOUG LOUDTRUSTEE

DAVID HARRISTRUSTEE

BRENDON GIBLINTRUSTEE

ARTHUR TINGTRUSTEE

ANN LAQUERREPRESIDENT

About this charity

Recognized since: January 1924
Location: 48 MAIN ST, SOUTHBOROUGH, MA 01772-1509
County: Worcester
In care of: DIANE BYRNE
Primary officer: DIANE BYRNE, ASS'T HEAD FOR FINANCE AND OPS

How to reach them

WebsiteVisit the charity’s website Emailabush@fayschool.org Phone(508) 485-0100

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN
NTEE classification: Education (B200)
IRS tax category: Elementary and Secondary Schools
Grant-giving organization: Yes

THE FAY SCHOOL INC

THE FAY SCHOOL INC

What they do

Should I give to this charity?

Basic facts we verified

Money made simple

Ask these three easy questions

Financial picture

How each $100 of revenue was used

Has the pattern changed?

Money in and money out

Reported spending amounts

Leadership and board

People reported as paid

About this charity

How to reach them

Filing and classification

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