Nonprofit · EIN 04-2103861
BANCROFT SCHOOL
Tax-exempt · WORCESTER, MA 01605
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $18,003,190 | $20,982,469 | -$2,979,279 | $30,153,809 | $11,942,441 | $18,211,368 |
| June 30, 2024 | 990 | $16,374,860 | $20,574,049 | -$4,199,189 | $32,720,809 | $12,582,060 | $20,138,749 |
| June 30, 2023 | 990 | $18,569,536 | $21,711,908 | -$3,142,372 | $34,950,209 | $12,429,509 | $22,520,700 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $622,530
- Program service revenue
- $16,283,675
- Investment income
- $1,199,701
- Net rental income
- -$156,305
- Net gain from sales of assets
- $533,276
- Net income from sales of inventory
- $8,172
- Other revenue
- -$102,716
Expenses
- Grants and similar amounts paid
- $4,536,786
- Salaries, compensation and benefits (total)
- $10,626,803
- Professional fundraising fees
- $0
- Legal fees
- $15,431
- Accounting fees
- $51,651
- Occupancy
- $1,116,868
- Travel
- $157,175
- Depreciation
- $1,114,481
- Program services (functional)
- $15,825,608
- Management and general (functional)
- $5,053,667
- Fundraising (functional)
- $103,194
Balance sheet and other
- Total assets, start of year
- $32,720,809
- Total assets, end of year
- $30,153,809
- Total liabilities, end of year
- $11,942,441
- Net assets, end of year
- $18,211,368
- Land, buildings and equipment
- $7,403,738
- Publicly traded securities
- $19,713,872
- Net assets without donor restrictions
- $6,482,858
- Net assets with donor restrictions
- $11,728,510
- Gross unrelated business income
- -$156,305
- Gross receipts
- $34,772,349
- Employees
- 240
- Volunteers
- 40
- Year formed
- 1902
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHANIE LEUBBERS | HEAD OF SCHOOL Officer | 40 | $281,760 | $26,935 |
| SCOTT POTTBECKER | DIRECTOR OF OPERATIONS AND Key employee | 40 | $156,878 | $9,334 |
| JACOB DIBBERT | ASSISTANT HEAD OF SCH Highest-paid employee | 40 | $141,149 | $16,955 |
| MARK TAYLOR | UPPER SCHOOL DIVISION HEAD Highest-paid employee | 40 | $118,425 | $30,689 |
| CRAIG JONES | DIRECTOR OF DIVERSITY, EQUITY, INCLUSION, & BELONG Highest-paid employee | 40 | $126,749 | $13,298 |
| DANIEL MERCURIO | ASSISTANT HEAD OF SCH Former | 40 | $109,256 | $23,234 |
| GARTH ADAMS | DIRECTOR OF ATHLETICS Highest-paid employee | 40 | $108,995 | $5,494 |
| WARNER FLETCHER | HONORARY TRUSTEE Trustee or director | 2 | $0 | $0 |
| KHURSTON ELLIA-EPPLE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| SETH GARFIELD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARTIN RICHMAN | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JENNIFER VUONA | PFA PRESIDENT Trustee or director | 2 | $0 | $0 |
| NEIL MCDONOUGH | HONORARY TRUSTEE Trustee or director | 2 | $0 | $0 |
| KEVIN RAMOS-GLEW | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PETER JANHUNEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JYOTI DATTA | TRUSTEE Trustee or director | 2 | $0 |
| PADGETT BERTHIAUME | FIRST VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| KATY SULLIVAN | TRUSTEE Trustee or director | 2 | $0 |
| CAITLIN MCDONOUGH | TRUSTEE Trustee or director | 2 | $0 |
| SOLON KELLEHER | TRUSTEE Trustee or director | 2 | $0 |
| SUSANNE CHOATE | TRUSTEE Trustee or director | 2 | $0 |
| ASHLEY DONOHUE | TRUSTEE Trustee or director | 2 | $0 |
| WILLIAM ZUJEWSKI | TRUSTEE Trustee or director | 2 | $0 |
| JOSEPHINE HERRON TRUESDELL | ALUMNI COUNCIL PRESIDENT Trustee or director | 2 | $0 |
| JAMES CONDON | TRUSTEE Trustee or director | 2 | $0 |
| MICHAEL PALERMO | TREASURER Trustee or director, Officer | 2 | $0 |
| BEN DOBSON | SECRETARY Trustee or director | 2 | $0 |
| MARY HALPIN CARTER | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK TAYLOR | UPPER SCHOOL DIVISION HEAD Highest-paid employee | 40 | $114,557 | $65,243 |
| SCOTT POTTBECKER | DIRECTOR OF OPERATIONS AND Key employee | 40 | $150,890 | $9,006 |
| STEPHANIE LEUBBERS | HEAD OF SCHOOL Officer | 40 | $126,275 | $27,024 |
| SUSANNE HORAN | DIRECTOR OF ENROLLMENT MAN Highest-paid employee | 40 | $102,960 | $30,506 |
| MATTHEW GANAS | DIRECTOR OF HOPE GRAHAM PR Highest-paid employee | 40 | $103,789 | $22,158 |
| DANIEL MERCURIO | ASSISTANT HEAD OF SCHOOL, Highest-paid employee | 40 | $103,606 | $21,487 |
| GARTH ADAMS | DIRECTOR OF ATHLETICS Highest-paid employee | 40 | $106,634 | $5,347 |
| MARY HALPIN CARTER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JAMES CONDON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BEN DOBSON | SECRETARY Trustee or director | 2 | $0 | $0 |
| JOSEPHINE HERRON TRUESDELL | ALUMNI COUNCIL PRESIDENT Trustee or director | 2 | $0 | $0 |
| WILLIAM ZUJEWSKI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHEENA SHARMA | AT-LARGE Trustee or director, Officer | 2 | $0 | $0 |
| SUSANNE CHOATE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KATY SULLIVAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CATHERINE COLINVAUX | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MICHAEL PALERMO | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| PADGETT BERTHIAUME | FIRST VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KHURSTON ELLIA-EPPLE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| PETER JANHUNEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARTIN RICHMAN | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| WARNER FLETCHER | HONORARY TRUSTEE Trustee or director | 2 | $0 | $0 |
| NEIL MCDONOUGH | HONORARY TRUSTEE Trustee or director | 2 | $0 | $0 |
| MICHAEL CHANG | AT-LARGE Trustee or director, Officer | 2 | $0 | $0 |
| ERIN MCGLINCHEY COUTURE | PFA PRESIDENT Trustee or director | 2 | $0 | $0 |
| JYOTI DATTA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SETH GARFIELD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHIRLEY KONNEH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CAITLIN MCDONOUGH | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES P CASSIDY III | HEAD OF SCHOOL (FORMER) Former | 40 | $122,413 | $58,302 |
| MARK TAYLOR | UPPER SCHOOL DIVISION HEAD Highest-paid employee | 40 | $114,557 | $65,243 |
| SCOTT POTTBECKER | DIRECTOR OF OPERATIONS AND FINANCE Key employee | 40 | $150,890 | $9,006 |
| TIM SABURN | INTERIM HEAD OF SCHOOL Officer | 40 | $132,586 | $6,640 |
| SUSANNE HORAN | DIRECTOR OF ENROLLMENT MANAGEMENT Highest-paid employee | 40 | $102,960 | $30,506 |
| MATTHEW GANAS | DIRECTOR OF HOPE GRAHAM PROGRAM Highest-paid employee | 40 | $103,789 | $22,158 |
| DANIEL MERCURIO | ASSISTANT HEAD OF SCHOOL, DIRECTOR OFMARKETING & C Highest-paid employee | 40 | $103,606 | $21,487 |
| GARTH ADAMS | DIRECTOR OF ATHLETICS Highest-paid employee | 40 | $106,634 | $5,347 |
| MARY HALPIN CARTER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JAMES CONDON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BEN DOBSON | AT-LARGE Trustee or director | 2 | $0 | $0 |
| NA-YOUNG OSTERWEIS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SUSAN ONFFROY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOSEPHINE HERRON TRUESDELL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ELIZABETH WAMBUI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| WILLIAM ZUJEWSKI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHEENA SHARMA | FIRST VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| SUSANNE CHOATE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KATY SULLIVAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CATHERINE COLINVAUX | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JOHN DUGGAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MICHAEL PALERMO | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| PADGETT BERTHIAUME | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| KHURSTON ELLIA-EPPLE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| PETER JANHUNEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARTIN RICHMAN | PRESIDENT ELECT Trustee or director, Officer | 2 | $0 | $0 |
| WARNER FLETCHER | HONORARY TRUSTEE Trustee or director | 2 | $0 | $0 |
| NEIL MCDONOUGH | HONORARY TRUSTEE Trustee or director | 2 | $0 | $0 |
| MICHAEL CHANG | AT-LARGE Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 110 SHORE DR, WORCESTER, MA 01605-3117
- Principal officer (990 for 2024)
- STEPHANIE LUEBBERS, 110 SHORE DRIVE, WORCESTER, MA 01605
- Signed the 990
- SCOTT POTTBECKER, DIR. OF FINANCE & OPERATIONS
- Phone
- (508) 853-2640
- Website
- WWW.BANCROFTSCHOOL.ORG
- Return prepared by
- BOLLUS LYNCH LLP
Mission
BANCROFT, AN INDEPENDENT, COEDUCATIONAL, COLLEGE-PREPARATORY DAY SCHOOL, PREPARES TALENTED, WELL-QUALIFIED AND MOTIVATED COLLEGE-BOUND STUDENTS, PRE-KINDERGARTEN THROUGH GRADE 12, TO PURSUE AND REALIZE THEIR ACADEMIC, PERSONAL AND SOCIAL POTENTIAL.
Program accomplishments
- BANCROFT PROVIDES A COMPREHENSIVE, CARING, AND CREATIVE CURRICULAR AND EXTRACURRICULAR PROGRAM THAT FOSTERS AN EXPERIENCE OF EXCELLENCE FOR EACH STUDENT. INSPIRED STUDENTS, A SUPERIOR FACULTY, AND ENGAGED FAMILIES THRIVE IN OUR DIVERSE, SAFE, AND SUPPORTIVE COMMUNITY. WE AFFORD STUDENTS THE OPPORTUNITY TO DISCOVER THEIR PASSION IN LIFE AND TO LEARN TO EMBRACE CONFIDENTLY AND RESPONSIBLY THE MORAL AND ETHICAL CHALLENGES OF BEING LIFE-LONG LEARNERS, TEACHERS OF OTHERS, AND CITIZENS OF AN INCREASINGLY COMPLEX GLOBAL COMMUNITY. APPROXIMATELY 400 STUDENTS ATTEND BANCROFT.Expenses $15,825,608 · grants $4,536,786
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2103861
- 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
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B250)
- Assets (IRS master file)
- $30,153,809
- Income (IRS master file)
- $34,772,349
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $18,003,190 | $20,982,469 | $30,153,809 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $16,374,860 | $20,574,049 | $32,720,809 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $18,569,536 | $21,711,908 | $34,950,209 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $19,220,452 | $20,109,315 | $37,885,858 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 04-2103861).
Questions about BANCROFT SCHOOL
- What is the EIN of BANCROFT SCHOOL?
- The employer identification number (EIN) of BANCROFT SCHOOL is 04-2103861.
- Is BANCROFT SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to BANCROFT SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BANCROFT SCHOOL 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 BANCROFT SCHOOL 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 BANCROFT SCHOOL 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 BANCROFT SCHOOL?
- The 990 for the year ended June 30, 2025 names STEPHANIE LUEBBERS.
- Who are the officers and directors of BANCROFT SCHOOL?
- The 990 for the year ended June 30, 2025 lists 28 people; 7 received compensation from the organization, the highest $281,760 (STEPHANIE LEUBBERS, HEAD OF SCHOOL).
- How much revenue does BANCROFT SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $18,003,190, expenses of $20,982,469 and total assets of $30,153,809 at year end.
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