Trustees of Phillips Academy
Andover, MA · EIN 04-2103579 · Education · Rank 2,925 by total revenue
See schedule o
Money, Form 990 for tax year 2024
- Total revenue
- $207,674,447
- Total expenses
- $172,225,804
- Total assets
- $2,082,564,322
- Salary base (all salaries and wages)
- $59,633,435
- Salaries, other pay and benefits
- $79,365,104
- Employees
- 1,238
- Salary base per employee
- $48,169
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (30)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Raynard S Kington | HEAD OF SCHOOL / TRUSTEE | Board, Officer | 60 | $1,154,625 |
| Fernando R Alonso | ASST HEAD OF SCHOOL/CFO | Officer | 55 | $492,778 |
| Gil Caffray | TRUSTEE/TREASURER | Board, Officer | 3 | None reported |
| Amy C Falls | TRUSTEE/PRESIDENT | Board, Officer | 3 | None reported |
| Kirsten A Glantz | CHIEF INVESTMENT OFFICER | Key employee | 55 | $1,205,089 |
| Thomas P Lockerby | SECRETARY OF THE ACADEMY | Key employee | 55 | $664,798 |
| Merrilee Mardon | DEP HD OF SCH/INT DEAN FACULTY | Key employee | 55 | $505,734 |
| James F Ventre | ASST HEAD OF SCHOOL ADMISSION | Key employee | 55 | $378,234 |
| Christoper S Auguste | TRUSTEE | Board | 3 | None reported |
| Amy Christodoulo | TRUSTEE | Board | 3 | None reported |
| David J Corkins | TRUSTEE | Board | 3 | None reported |
| Anna Durham | TRUSTEE | Board | 3 | None reported |
| Keith T Flaherty | TRUSTEE | Board | 3 | None reported |
| Andrew J Guff Jr | TRUSTEE | Board | 3 | None reported |
| Stephen King | TRUSTEE | Board | 3 | None reported |
| Tristin Batchelder Mannion | TRUSTEE | Board | 3 | None reported |
| Carlos Montemayor | TRUSTEE | Board | 3 | None reported |
| Allison E Picott | TRUSTEE | Board | 3 | None reported |
| Tamara Elliott Rogers | TRUSTEE | Board | 3 | None reported |
| Stacy Schiff | TRUSTEE | Board | 3 | None reported |
| Michael Schmertzler | TRUSTEE | Board | 3 | None reported |
| Henry Smyth | TRUSTEE | Board | 3 | None reported |
| Yichen Zhang | TRUSTEE | Board | 3 | None reported |
| Eric L Zinterhofer | TRUSTEE | Board | 3 | None reported |
| Robert Barber | ALUMNI TRUSTEE | Board | 3 | None reported |
| Sanjiv Desai | ALUMNI TRUSTEE | Board | 3 | None reported |
| Aisha Jorge Massengill | ALUMNI TRUSTEE | Board | 3 | None reported |
| Uche Osuji | ALUMNI TRUSTEE | Board | 3 | None reported |
| Loyce Lashawndra Pace | ALUMNI TRUSTEE | Board | 3 | None reported |
| Kent Strong | ALUMNI TRUSTEE | Board | 3 | None reported |
Top 10 paid people listed
These 10 people received $6,211,426, which is 10.4% of the $59,633,435 salary base shared by 1,238 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Kirsten A Glantz | CHIEF INVESTMENT OFFICER | Key employee | 55 | $1,118,162 | $0 | $86,927 | $1,205,089 |
| Raynard S Kington | HEAD OF SCHOOL / TRUSTEE | Board, Officer | 60 | $907,895 | $0 | $246,730 | $1,154,625 |
| Thomas P Lockerby | SECRETARY OF THE ACADEMY | Key employee | 55 | $543,311 | $0 | $121,487 | $664,798 |
| Merrilee Mardon | DEP HD OF SCH/INT DEAN FACULTY | Key employee | 55 | $299,928 | $0 | $205,806 | $505,734 |
| Fernando R Alonso | ASST HEAD OF SCHOOL/CFO | Officer | 55 | $366,856 | $0 | $125,922 | $492,778 |
| Christian A Reusche | ASSOC DIRECTOR OF INVESTMENTS | Highly paid employee | 55 | $434,800 | $0 | $53,644 | $488,444 |
| Amy Patel | CHIEF MEDICAL OFFICER | Highly paid employee | 55 | $258,839 | $0 | $205,551 | $464,390 |
| Andrew Jaffoni | ASSOC DIRECTOR OF INVESTMENTS | Highly paid employee | 55 | $382,395 | $0 | $45,691 | $428,086 |
| Xue Yang | ASSOC DIRECTOR OF INVESTMENTS | Highly paid employee | 55 | $372,353 | $0 | $55,330 | $427,683 |
| Jessica L Herbster | GENERAL COUNSEL | Highly paid employee | 55 | $252,686 | $0 | $127,113 | $379,799 |
Sources
- IRS e-file return 202641329349305314 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 04-2103579
- Organization website (as filed): www.andover.edu