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Nonprofit · EIN 04-2103603

MILTON ACADEMY

Tax-exempt · MILTON, MA 02186

Financials

$86.2M$95.3M2022$94.5M$103.2M2023$104.3M$107M2024
Revenue Expenses · by fiscal year end
Financials of MILTON ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$104,334,671$107,015,077-$2,680,406$559,547,865$79,698,907$479,848,958
June 30, 2024990$94,499,564$103,194,184-$8,694,620$536,905,318$83,917,414$452,987,904
June 30, 2023990$86,198,742$95,321,635-$9,122,893$514,718,965$86,152,618$428,566,347
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$13,106,823
Program service revenue
$73,545,445
Investment income
$17,682,403
Net gain from sales of assets
$12,394,193
Other revenue
$0

Expenses

Grants and similar amounts paid
$19,528,917
Compensation of officers, directors and key employees
$1,595,817
Other salaries and wages
$34,862,840
Salaries, compensation and benefits (total)
$47,563,341
Professional fundraising fees
$9,250
Legal fees
$158,420
Accounting fees
$211,394
Occupancy
$2,444,341
Travel
$1,458,758
Depreciation
$8,641,764
Program services (functional)
$77,756,556
Management and general (functional)
$24,885,382
Fundraising (functional)
$4,373,139

Balance sheet and other

Total assets, start of year
$536,905,318
Total assets, end of year
$559,547,865
Total liabilities, end of year
$79,698,907
Net assets, end of year
$479,848,958
Land, buildings and equipment
$100,463,771
Publicly traded securities
$44,757,410
Net assets without donor restrictions
$81,842,839
Net assets with donor restrictions
$398,006,119
Gross unrelated business income
$658,721
Gross receipts
$222,452,310
Employees
710
Volunteers
266
Year formed
1798
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ALEXANDRA CALLENHEAD OF SCHOOL
Trustee or director, Officer
60$548,407$265,404
LISA WINICKCHIEF ADVANCEMENT OFFICER
Key employee
50$300,610$97,440
HEIDI VANDERBILT-BROWNCHIEF FINANCIAL & OPERATING OFFICER
Officer
50$313,133$67,248
PAUL REBUCKDEAN OF ENROLLMENT & FINANCIAL AID
Highest-paid employee
50$194,154$101,020
MONICA PALMERPRINCIPAL, UPPER SCHOOL
Key employee
50$226,720$62,384
CAROL A GIUSTI-CAHALANEDIRECTOR OF DEVELOPMENT
Highest-paid employee
50$222,616$59,762
EILEEN NEWMANCHIEF COMMUNICATION OFFICER
Highest-paid employee
50$198,034$30,089
SUSANNA L WYLIECHIEF LEGAL COUNSEL
Highest-paid employee
50$210,943$14,599
DIANE KIMBALLDIRECTOR OF BUDGETS & INSTITUTIONAL
Highest-paid employee
50$187,245$29,600
THEODORICK BLANDFORMER HEAD OF SCHOOL
Former
60$147,823$28,231
CLAIRE HUGHES JOHNSONTRUSTEE, PRESIDENT
Trustee or director, Officer
4$0$0
PETER R KAGANTRUSTEE, TREASURER
Trustee or director, Officer
3$0$0
DAVID V CAPPILLOTRUSTEE, SECRETARY
Trustee or director, Officer
3$0$0
DAVID B BREWSTERTRUSTEE
Trustee or director
1$0$0
JASON DILLOWTRUSTEE
Trustee or director
1$0$0
20 more people on this return
NameTitleHours / weekCompensation
SHADI FAROKHZADTRUSTEE
Trustee or director
1$0
YENG FELIPE BUTLERTRUSTEE
Trustee or director
1$0
JOHN B FITZGIBBONSTRUSTEE
Trustee or director
1$0
LAMONT A GORDONTRUSTEE
Trustee or director
1$0
CELESTE EMILY HUGHEYTRUSTEE
Trustee or director
1$0
SONU KALRATRUSTEE
Trustee or director
1$0
RANA EL KALIOUBYTRUSTEE
Trustee or director
1$0
MOLLY KINGTRUSTEE
Trustee or director
1$0
RAVI MALLELATRUSTEE
Trustee or director
1$0
JOHN D MCEVOYTRUSTEE
Trustee or director
1$0
MEIKA NEBLETTTRUSTEE
Trustee or director
1$0
OSAREMEN F OKOLOTRUSTEE
Trustee or director
1$0
EUGENE F REILLYTRUSTEE
Trustee or director
1$0
TOM REARDONTRUSTEE
Trustee or director
1$0
HENDRICK SINTRUSTEE
Trustee or director
1$0
GABRIEL SUNSHINETRUSTEE
Trustee or director
1$0
PATRICK TSANGTRUSTEE
Trustee or director
1$0
CALEB J WEINSTEINTRUSTEE
Trustee or director
1$0
JUSTIN M WALSHTRUSTEE
Trustee or director
1$0
HELEN ZHUTRUSTEE
Trustee or director
1$0
990 for the year ended June 30, 2024: 37 people
NameTitleHours / weekCompensationOther / benefits
THEODORICK BLANDFORMER HEAD OF SCHOOL
Former
60$607,607$167,524
LISA WINICKCHIEF ADVANCEMENT OFFICER
Key employee
50$293,478$124,815
ALEXANDRA CALLENHEAD OF SCHOOL
Trustee or director, Officer
60$251,123$166,813
HEIDI VANDERBILT-BROWNCHIEF FINANCIAL & OPERATING OFFICER
Officer
50$297,873$63,859
MONICA PALMERPRINCIPAL, UPPER SCHOOL
Key employee
50$224,334$61,874
PAUL REBUCKDEAN OF ENROLLMENT & FINANCIAL AID
Highest-paid employee
50$183,044$97,336
CAROL A GIUSTI-CAHALANEDIRECTOR OF DEVELOPMENT
Highest-paid employee
50$194,433$53,223
EILEEN NEWMANCHIEF COMMUNICATION OFFICER
Highest-paid employee
50$189,530$28,824
PAULA CONNOLLYCONTROLLER
Highest-paid employee
50$174,983$41,218
DIANE KIMBALLDIRECTOR OF BUDGETS & INSTITUTIONAL
Highest-paid employee
50$170,714$29,193
CLAIRE HUGHES JOHNSONTRUSTEE, PRESIDENT
Trustee or director, Officer
4$0$0
PETER R KAGANTRUSTEE, TREASURER
Trustee or director, Officer
3$0$0
YUNLI LOUTRUSTEE, VICE PRESIDENT (UNTIL 6/24)
Trustee or director, Officer
3$0$0
LUIS M VICEIRATRUSTEE, VICE PRESIDENT (UNTIL 6/24)
Trustee or director, Officer
3$0$0
EDWARD E WENDELL JRTRUSTEE, VICE PRESIDENT (UNTIL 6/24)
Trustee or director, Officer
3$0$0
RONNELL L WILSONTRUSTEE, VICE PRESIDENT (UNTIL 6/24)
Trustee or director, Officer
3$0$0
STUART I MATHEWSTRUSTEE, SECRETARY (UNTIL 6/30/24)
Trustee or director, Officer
3$0$0
DAVID B BREWSTERTRUSTEE
Trustee or director
1$0$0
DAVID V CAPPILLOTRUSTEE
Trustee or director
1$0$0
JASON DILLOWTRUSTEE
Trustee or director
1$0$0
SHADI FAROKHZADTRUSTEE
Trustee or director
1$0$0
YENG FELIPE BUTLERTRUSTEE
Trustee or director
1$0$0
JOHN B FITZGIBBONSTRUSTEE
Trustee or director
1$0$0
LAMONT A GORDONTRUSTEE
Trustee or director
1$0$0
SONU KALRATRUSTEE
Trustee or director
1$0$0
RANA EL KALIOUBYTRUSTEE
Trustee or director
1$0$0
MOLLY KINGTRUSTEE
Trustee or director
1$0$0
RAVI MALLELATRUSTEE
Trustee or director
1$0$0
JOHN D MCEVOYTRUSTEE
Trustee or director
1$0$0
MEIKA NEBLETTTRUSTEE
Trustee or director
1$0$0
OSAREMEN F OKOLOTRUSTEE
Trustee or director
1$0$0
EUGENE F REILLYTRUSTEE
Trustee or director
1$0$0
HENDRICK SINTRUSTEE
Trustee or director
1$0$0
GABRIEL SUNSHINETRUSTEE
Trustee or director
1$0$0
PATRICK TSANGTRUSTEE
Trustee or director
1$0$0
JUSTIN M WALSHTRUSTEE
Trustee or director
1$0$0
HELEN ZHUTRUSTEE
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 38 people
NameTitleHours / weekCompensationOther / benefits
THEODORICK BLANDHEAD OF SCHOOL (UNTIL JUNE 2023)
Officer
60$700,687$273,414
LISA WINICKCHIEF ADVANCEMENT OFFICER
Key employee
50$306,343$116,088
HEIDI VANDERBILT-BROWNCHIEF FINANCIAL & OPERATING OFFICER
Officer
50$296,265$55,620
PAUL REBUCKDEAN OF ENROLLMENT & FINANCIAL AID
Highest-paid employee
50$187,503$84,895
ALDEN SMITHFMR DIRECTOR OF THE MOUNTAIN SCHOOL
Former
50$221,790$41,367
DAVID BALL UNTIL 63022PRINCIPAL, UPPER SCHOOL
Key employee
50$173,916$71,097
CAROL A GIUSTI-CAHALANEDIRECTOR OF DEVELOPMENT
Highest-paid employee
50$192,535$47,243
FRANCIS PATTI UNTIL 63023PRINCIPAL, LOWER SCHOOL
Highest-paid employee
50$212,630$26,135
DEBORAH O'TOOLECHIEF HR AND RISK OFFICER
Highest-paid employee
50$169,394$47,361
SAMANTHA E DIXON EVERSOLEDIRECTOR OF ADVANCEMENT OPERATIONS
Highest-paid employee
50$172,593$44,033
DAVID B BREWSTERTRUSTEE
Trustee or director
1$0$0
DOUGLAS CROCKER IITRUSTEE (UNTIL 6/30/23)
Trustee or director
1$0$0
JASON DILLOWTRUSTEE
Trustee or director
1$0$0
SHADI FAROKHZADTRUSTEE
Trustee or director
1$0$0
YENG FELIPE BUTLERTRUSTEE
Trustee or director
1$0$0
JOHN B FITZGIBBONSTRUSTEE
Trustee or director
1$0$0
ELEANOR HALLER-JORDENTRUSTEE (UNTIL 6/30/23)
Trustee or director
1$0$0
SONU KALRATRUSTEE
Trustee or director
1$0$0
ELIZABETH B KATZTRUSTEE (UNTIL 6/30/23)
Trustee or director
1$0$0
WILLIAM KNOWLTONTRUSTEE (UNTIL 6/30/23)
Trustee or director
1$0$0
RAVI MALLELATRUSTEE
Trustee or director
1$0$0
JOHN D MCEVOYTRUSTEE
Trustee or director
1$0$0
MEIKA NEBLETTTRUSTEE
Trustee or director
1$0$0
OSAREMEN F OKOLOTRUSTEE
Trustee or director
1$0$0
EUGENE F REILLYTRUSTEE
Trustee or director
1$0$0
HENDRICK SINTRUSTEE
Trustee or director
1$0$0
GABRIEL SUNSHINETRUSTEE
Trustee or director
1$0$0
PATRICK TSANGTRUSTEE
Trustee or director
1$0$0
JUSTIN M WALSHTRUSTEE
Trustee or director
1$0$0
SYLVIA P WESTPHALTRUSTEE (UNTIL 6/30/23)
Trustee or director
1$0$0
HELEN ZHUTRUSTEE
Trustee or director
1$0$0
CLAIRE HUGHES JOHNSONTRUSTEE - PRESIDENT
Trustee or director, Officer
4$0$0
PETER R KAGANTRUSTEE - TREASURER
Trustee or director, Officer
3$0$0
YUNLI LOUTRUSTEE - VICE PRESIDENT
Trustee or director, Officer
3$0$0
LUIS M VICEIRATRUSTEE - VICE PRESIDENT
Trustee or director, Officer
3$0$0
EDWARD E WENDELL JRTRUSTEE - VICE PRESIDENT
Trustee or director, Officer
3$0$0
RONNELL L WILSONTRUSTEE - VICE PRESIDENT
Trustee or director, Officer
3$0$0
STUART I MATHEWSTRUSTEE - SECRETARY
Trustee or director, Officer
3$0$0

Address and contacts

Address (IRS master file)
170 CENTRE ST, MILTON, MA 02186-3338
Principal officer (990 for 2024)
HEIDI VANDERBILT-BROWN, 170 CENTRE STREET, MILTON, MA 02186
Signed the 990
HEIDI VANDERBILT-BROWN, CFO & COO
Phone
(617) 898-1798
Return prepared by
CBIZ ADVISORS LLC

Mission

MILTON ACADEMY CULTIVATES IN ITS STUDENTS A PASSION FOR LEARNING AND A RESPECT FOR OTHERS. EMBRACING DIVERSITY AND THE PURSUIT OF EXCELLENCE, WE CREATE A COMMUNITY IN WHICH INDIVIDUALS DEVELOP COMPETENCE, CONFIDENCE AND CHARACTER. SEE SCHEDULE O FOR FULL DESCRIPTION.MILTON ACADEMY CULTIVATES IN ITS STUDENTS A PASSION FOR LEARNING AND A RESPECT FOR OTHERS. EMBRACING DIVERSITY AND THE PURSUIT OF EXCELLENCE, WE CREATE A COMMUNITY IN WHICH INDIVIDUALS DEVELOP COMPETENCE, CONFIDENCE AND CHARACTER. OUR ACTIVE LEARNING ENVIRONMENT, IN AND OUT OF THE CLASSROOM, DEVELOPS CREATIVE AND CRITICAL THINKERS, UNAFRAID TO EXPRESS THEIR IDEAS, PREPARED TO SEEK MEANINGFUL LIFETIME SUCCESS AND TO LIVE BY OUR MOTTO, "DARE TO BE TRUE."

990 for the year ended June 30, 2025

Program accomplishments

  • MILTON ACADEMY PROMOTES AN ENVIRONMENT OF LIFELONG LEARNING TO 1014 STUDENTS IN GRADES K-12. STUDENTS ARE ENCOURAGED TO PARTICIPATE IN COMMUNITY SERVICE AND VOLUNTEER OPPORTUNITIES DURING THE YEAR IN AN EFFORT TO INSTILL A PASSION FOR GIVING BACK TO OTHERS FOR MANY YEARS. FULL AND PARTIAL SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON FINANCIAL NEED. IN 2025, MILTON ACADEMY AWARDED FINANCIAL AID TO 33.3% OF OUR STUDENTS.SEE SCHEDULE O FOR FULL DESCRIPTION.MILTON ACADEMY PROMOTES AN ENVIRONMENT OF LIFELONG LEARNING TO 1014 STUDENTS IN GRADES K-12. STUDENTS ARE ENCOURAGED TO PARTICIPATE IN COMMUNITY SERVICE AND VOLUNTEER OPPORTUNITIES DURING THE YEAR IN AN EFFORT TO INSTILL A PASSION FOR GIVING BACK TO OTHERS FOR MANY YEARS. FULL AND PARTIAL SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON FINANCIAL NEED. IN 2025, MILTON ACADEMY AWARDED FINANCIAL AID TO 33.3% OF OUR STUDENTS.THE COMMUNITY ENGAGEMENT PROGRAM [COMMUNITY ENGAGEMENT PROGRAMS AND PARTNERSHIPS (CEPP)], SEEKS TO INSTILL AND SUPPORT A PASSION FOR SERVICE IN MILTON ACADEMY'S STUDENTS, FACULTY AND STAFF, THROUGH PROVIDING A MULTITUDE OF OPPORTUNITIES FROM TUTORING IN LOCAL SCHOOLS, TO DONATING BLOOD, TO ASSISTING THE ELDERLY. THE PROGRAM STRIVES TO PROVIDE THE MILTON COMMUNITY WITH INTERESTING AND MEANINGFUL VOLUNTEER OPPORTUNITIES. ON AVERAGE OVER 190 STUDENTS MAKE WEEKLY COMMITMENTS TO MORE THAN 21 DIFFERENT ORGANIZATIONS IN THE GREATER BOSTON AREA. ANOTHER 200 STUDENTS PARTICIPATE IN MULTI-ANNUAL EVENTS SUCH AS, SPECIAL OLYMPICS TOURNAMENTS, RED CROSS BLOOD DRIVE AND HOLIDAY GIVING EVENTS. THE ENTIRE UPPER SCHOOL COMMUNITY PARTICIPATES IN THE ANNUAL HUNGER AWARENESS EVENT AND COMMUNITY ENGAGEMENT DAY (SUPPORTING 35 PARTNERS AROUND GREATER BOSTON). THE PROGRAM ALSO SUPPORTS INDIVIDUAL AND GROUP INITIATIVES FOR PARTICULAR CAUSES, SUCH AS THE WINTER WALK (SUPPORTING UNHOUSED INDIVIDUALS), MILTON TOWN GREEN UP DAY, AND HURRICANE RELIEF.
    Expenses $69,324,734 · grants $19,102,750 · revenue $68,255,105
  • THE MOUNTAIN SCHOOL OF MILTON ACADEMY IS AN INDEPENDENT SEMESTER PROGRAM THAT PROVIDES HIGH SCHOOL JUNIORS THE OPPORTUNITY TO LIVE AND WORK ON AN ORGANIC FARM IN RURAL VERMONT. IN ACADEMIC YEAR 2024-2025, THE MOUNTAIN SCHOOL ENROLLED AN AVERAGE OF 38 HIGH-ACHIEVING STUDENTS PER SEMESTER FROM ALL OVER THE COUNTRY. COURSES PROVIDE A DEMANDING, INTEGRATED LEARNING EXPERIENCE THAT TAKES FULL ADVANTAGE OF THE SCHOOL'S SMALL SIZE AND MOUNTAIN CAMPUS. STUDENTS COME FROM DIFFERENT BACKGROUNDS AND SCHOOLS AROUND THE COUNTRY, AND ARE CHALLENGED TO WORK TOGETHER AND LEARN FROM EACH OTHER, AS THEY EXPLORE THE INTERSECTION OF THE SCHOOL'S FARM, ACADEMIC PROGRAM, AND RESIDENTIAL LIFE. THE GOAL IS FOR STUDENTS TO RETURN TO THEIR SCHOOLS AND COMMUNITIES, MORE CLEAR ABOUT THEMSELVES AND BETTER PREPARED TO BECOME EFFECTIVE CITIZENS.
    Expenses $2,892,680 · grants $426,167 · revenue $2,993,378
  • MILTON ACADEMY PROVIDES A SATURDAY COURSE TO GIFTED STUDENTS, RENTAL OF FACILITIES, HEALTH SERVICES, SCHOOL BUSES, AN OUTDOOR PROGRAM, AFTER SCHOOL ACTIVITIES, AND YEARBOOK PROGRAM.
    Expenses $2,970,181 · revenue $2,029,691
  • THROUGH INTERSCHOLASTIC AND INTRAMURAL SPORTS, AS WELL AS PHYSICAL EDUCATION COURSES, ALL MILTON ACADEMY STUDENTS ARE INVOLVED IN PHYSICALLY ACTIVE AND CHALLENGING PURSUITS THAT HELP FORM AN EXCEPTIONAL EDUCATIONAL EXPERIENCE. ATHLETIC ACTIVITY IS CERTAINLY AN EXPRESSION OF ONE FORM OF INTELLIGENCE, AN INTELLIGENCE THAT NEEDS TO BE DEVELOPED AND NURTURED AS DOES ANY OTHER. THE COLLEGE COUNSELING OFFICE AT MILTON BUILDS ITS PROGRAM AROUND INDIVIDUALISM. WE BELIEVE THAT THE COLLEGE COUNSELING PROCESS BEGINS AND ENDS WITH THE STUDENT. WE KNOW THAT EACH STUDENT HAS A DIFFERENT STORY, OUR GUIDING PRINCIPLE IS MUCH LIKE THAT OF A GOOD TEACHER: START WHERE THE STUDENT IS.
    Expenses $2,568,961

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
04-2103603
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1959
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B200)
Assets (IRS master file)
$559,547,865
Income (IRS master file)
$222,452,310

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$104,334,671$107,015,077$559,547,865IRS
990-TJune 2025–––IRS
990June 2024$94,499,564$103,194,184$536,905,318IRS
990-TJune 2024–––IRS
990June 2023$86,198,742$95,321,635$514,718,965XML
990-TJune 2023–––IRS
990June 2022$116,547,638$90,543,037$483,505,608IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2103603).

Questions about MILTON ACADEMY

What is the EIN of MILTON ACADEMY?
The employer identification number (EIN) of MILTON ACADEMY is 04-2103603.
Is MILTON ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
Are donations to MILTON ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MILTON ACADEMY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MILTON ACADEMY due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MILTON ACADEMY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of MILTON ACADEMY?
The 990 for the year ended June 30, 2025 names HEIDI VANDERBILT-BROWN.
Who are the officers and directors of MILTON ACADEMY?
The 990 for the year ended June 30, 2025 lists 35 people; 10 received compensation from the organization, the highest $548,407 (ALEXANDRA CALLEN, HEAD OF SCHOOL).
How much revenue does MILTON ACADEMY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $104,334,671, expenses of $107,015,077 and total assets of $559,547,865 at year end.

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