Nonprofit · EIN 04-2103870
BELMONT HILL SCHOOL INC
Tax-exempt · BELMONT, MA 02478
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $73,236,485 | $45,839,024 | $27,397,461 | $296,903,003 | $43,880,794 | $253,022,209 |
| June 30, 2024 | 990 | $53,458,441 | $43,107,118 | $10,351,323 | $269,529,738 | $45,327,363 | $224,202,375 |
| June 30, 2023 | 990 | $41,088,782 | $38,599,133 | $2,489,649 | $239,891,189 | $41,089,402 | $198,801,787 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $10,771,879
- Program service revenue
- $31,403,517
- Investment income
- $30,413,324
- Net rental income
- -$524,962
- Net gain from sales of assets
- $28,861,581
- Net income from fundraising events
- -$32,670
- Net income from sales of inventory
- -$71,623
- Other revenue
- $647,765
Expenses
- Grants and similar amounts paid
- $8,595,075
- Compensation of officers, directors and key employees
- $1,459,820
- Other salaries and wages
- $13,397,424
- Salaries, compensation and benefits (total)
- $21,048,377
- Professional fundraising fees
- $0
- Legal fees
- $11,222
- Accounting fees
- $95,150
- Occupancy
- $2,848,810
- Travel
- $369,758
- Depreciation
- $2,530,664
- Program services (functional)
- $34,750,325
- Management and general (functional)
- $8,754,529
- Fundraising (functional)
- $2,334,170
Balance sheet and other
- Total assets, start of year
- $269,529,738
- Total assets, end of year
- $296,903,003
- Total liabilities, end of year
- $43,880,794
- Net assets, end of year
- $253,022,209
- Land, buildings and equipment
- $75,670,568
- Publicly traded securities
- $33,324,063
- Net assets without donor restrictions
- $214,600,899
- Net assets with donor restrictions
- $38,421,310
- Gross unrelated business income
- -$299,779
- Gross receipts
- $209,965,182
- Employees
- 274
- Volunteers
- 300
- Year formed
- 1923
- 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 |
|---|---|---|---|---|
| Gregory J Schneider | Ronald M. Druker '62 Head of School-Secretary Trustee or director, Officer | 50 | $589,538 | $369,630 |
| Beverly Couglin | Director of Development Key employee | 50 | $402,489 | $56,594 |
| Jay Bounty | Assistant Treasurer CFO and Director of Operations Officer | 50 | $362,793 | $64,107 |
| Michael Grant | Assistant Head of School Highest-paid employee | 50 | $208,916 | $167,280 |
| Jay Fritz | Director of Major and Planned Gifts Highest-paid employee | 50 | $199,590 | $70,811 |
| Donald Bradley | Head of Upper School Highest-paid employee | 50 | $200,787 | $55,218 |
| Steve Carr | Director of Admissions & Enrollment Highest-paid employee | 50 | $155,232 | $62,110 |
| Lauren Hamilton | Director of Middle School Highest-paid employee | 50 | $186,628 | $21,150 |
| Jon Biotti | President Trustee or director, Officer | 1 | $0 | $0 |
| William Achtmeyer | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Anthony Ryan | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Sam Bartlett | Trustee Trustee or director | 1 | $0 | $0 |
| Florence Bourgeois | Trustee Trustee or director | 1 | $0 | $0 |
| Tim Buckley | Trustee Trustee or director | 1 | $0 | $0 |
| Mark Chandler | Trustee Trustee or director | 1 | $0 | $0 |
28 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gretchen Cook-Anderson | Trustee Trustee or director | 1 | $0 |
| Warren Cross Jr | Trustee Trustee or director | 1 | $0 |
| Carl Dawson | Trustee Trustee or director | 1 | $0 |
| Groom Dinkneh | Trustee Trustee or director | 1 | $0 |
| Jeffrey Drucker | Trustee Trustee or director | 1 | $0 |
| Ronald Druker | Trustee Trustee or director | 1 | $0 |
| Jean Egan | Trustee Trustee or director | 1 | $0 |
| Daniel S Farb | Trustee Trustee or director | 1 | $0 |
| William Forde | Trustee Trustee or director | 1 | $0 |
| John Grady Jr | Trustee Trustee or director | 1 | $0 |
| Christopher Hadley | Trustee Trustee or director | 1 | $0 |
| Danielle Heard | Trustee Trustee or director | 1 | $0 |
| Jason Hurd | Trustee Trustee or director | 1 | $0 |
| Josh Isner | Trustee Trustee or director | 1 | $0 |
| Stephen Karp | Trustee Trustee or director | 1 | $0 |
| Jonathan Kraft | Trustee Trustee or director | 1 | $0 |
| George Lynch | Trustee Trustee or director | 1 | $0 |
| Emmet Lyne | Trustee Trustee or director | 1 | $0 |
| Todd MacLean | Trustee Trustee or director | 1 | $0 |
| Amy Madden | Trustee Trustee or director | 1 | $0 |
| Carl Martignetti | Trustee Trustee or director | 1 | $0 |
| Patricia O'Neill Nolan | Trustee Trustee or director | 1 | $0 |
| Gregory Paul | Trustee Trustee or director | 1 | $0 |
| Sarah Pelmas | Trustee Trustee or director | 1 | $0 |
| Taggart Romney | Trustee Trustee or director | 1 | $0 |
| Jill Shah | Trustee Trustee or director | 1 | $0 |
| Brian Shortsleeve | Trustee Trustee or director | 1 | $0 |
| Herbert Wagner | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gregory J Schneider | Ronald M. Druker '62 Head of School-Secretary Trustee or director, Officer | 50 | $628,111 | $303,635 |
| Beverly Couglin | Director of Development Key employee | 50 | $387,159 | $53,090 |
| Jay Bounty | Assistant Treasurer CFO and Director of Operations Officer | 50 | $349,154 | $59,239 |
| Michael Grant | Assistant Head of School Highest-paid employee | 50 | $186,315 | $155,840 |
| Steve Carr | Director of Admissions & Enrollment Highest-paid employee | 50 | $148,411 | $117,529 |
| Jay Fritz | Director of Major and Planned Gifts Highest-paid employee | 50 | $189,443 | $64,233 |
| Donald Bradley | Head of Upper School Highest-paid employee | 50 | $193,834 | $37,159 |
| Lauren Hamilton | Director of Middle School Highest-paid employee | 50 | $178,878 | $20,250 |
| Jon Biotti | President Trustee or director, Officer | 1 | $0 | $0 |
| William Achtmeyer | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Anthony Ryan | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Sam Bartlett | Trustee Trustee or director | 1 | $0 | $0 |
| Florence Bourgeois | Trustee Trustee or director | 1 | $0 | $0 |
| Mark Chandler | Trustee Trustee or director | 1 | $0 | $0 |
| John Conners | Trustee Trustee or director | 1 | $0 | $0 |
| Gretchen Cook-Anderson | Trustee Trustee or director | 1 | $0 | $0 |
| Warren Cross Jr | Trustee Trustee or director | 1 | $0 | $0 |
| Carl Dawson | Trustee Trustee or director | 1 | $0 | $0 |
| Groom Dinkneh | Trustee Trustee or director | 1 | $0 | $0 |
| Jeffrey Drucker | Trustee Trustee or director | 1 | $0 | $0 |
| Ronald Druker | Trustee Trustee or director | 1 | $0 | $0 |
| Jean Egan | Trustee Trustee or director | 1 | $0 | $0 |
| Daniel S Farb | Trustee Trustee or director | 1 | $0 | $0 |
| William Forde | Trustee Trustee or director | 1 | $0 | $0 |
| John Grady Jr | Trustee Trustee or director | 1 | $0 | $0 |
| Christopher Hadley | Trustee Trustee or director | 1 | $0 | $0 |
| Danielle Heard | Trustee Trustee or director | 1 | $0 | $0 |
| Jacqueline Hendrix | Trustee Trustee or director | 1 | $0 | $0 |
| Jason Hurd | Trustee Trustee or director | 1 | $0 | $0 |
| Stephen Karp | Trustee Trustee or director | 1 | $0 | $0 |
| Jonathan Kraft | Trustee Trustee or director | 1 | $0 | $0 |
| George Lynch | Trustee Trustee or director | 1 | $0 | $0 |
| Emmet Lyne | Trustee Trustee or director | 1 | $0 | $0 |
| Todd MacLean | Trustee Trustee or director | 1 | $0 | $0 |
| Amy Madden | Trustee Trustee or director | 1 | $0 | $0 |
| Carl Martignetti | Trustee Trustee or director | 1 | $0 | $0 |
| Gregory Paul | Trustee Trustee or director | 1 | $0 | $0 |
| Sarah Pelmas | Trustee Trustee or director | 1 | $0 | $0 |
| Taggart Romney | Trustee Trustee or director | 1 | $0 | $0 |
| Jill Shah | Trustee Trustee or director | 1 | $0 | $0 |
| Brian Shortsleeve | Trustee Trustee or director | 1 | $0 | $0 |
| Herbert Wagner | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gregory J Schneider | Ronald M. Druker '62 Head of School-Secretary Trustee or director, Officer | 50 | $598,879 | $331,674 |
| Beverly Couglin | Director of Development Key employee | 50 | $372,338 | $48,502 |
| Jay Bounty | Assistant Treasurer CFO and Director of Operations Officer | 50 | $336,069 | $53,429 |
| Caleb Collins | Director of Community & Diversity Highest-paid employee | 50 | $149,240 | $150,177 |
| Michael Grant | Assistant Head of School Highest-paid employee | 50 | $169,899 | $100,113 |
| Jay Fritz | Director of Major and Planned Gifts Highest-paid employee | 50 | $177,849 | $56,127 |
| Donald Bradley | Head of Upper School Highest-paid employee | 50 | $187,134 | $37,085 |
| Lauren Hamilton | Director of Middle School Highest-paid employee | 50 | $167,978 | $19,410 |
| Jon Biotti | President Trustee or director, Officer | 1 | $0 | $0 |
| William Achtmeyer | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Anthony Ryan | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Dewey Awad | Trustee Trustee or director | 1 | $0 | $0 |
| Mark Chandler | Trustee Trustee or director | 1 | $0 | $0 |
| Gretchen Cook-Anderson | Trustee Trustee or director | 1 | $0 | $0 |
| Warren Cross | Trustee Trustee or director | 1 | $0 | $0 |
| Carl Dawson | Trustee Trustee or director | 1 | $0 | $0 |
| Groom Dinkneh | Trustee Trustee or director | 1 | $0 | $0 |
| Jeffrey Drucker | Trustee Trustee or director | 1 | $0 | $0 |
| Ronald Druker | Trustee Trustee or director | 1 | $0 | $0 |
| Jean Egan | Trustee Trustee or director | 1 | $0 | $0 |
| Daniel S Farb | Trustee Trustee or director | 1 | $0 | $0 |
| William Forde | Trustee Trustee or director | 1 | $0 | $0 |
| John Grady | Trustee Trustee or director | 1 | $0 | $0 |
| Christopher Hadley | Trustee Trustee or director | 1 | $0 | $0 |
| Danielle Heard | Trustee Trustee or director | 1 | $0 | $0 |
| Jason Hurd | Trustee Trustee or director | 1 | $0 | $0 |
| Stephen Karp | Trustee Trustee or director | 1 | $0 | $0 |
| Jonathan Kraft | Trustee Trustee or director | 1 | $0 | $0 |
| George Lynch | Trustee Trustee or director | 1 | $0 | $0 |
| Emmet Lyne | Trustee Trustee or director | 1 | $0 | $0 |
| Amy Madden | Trustee Trustee or director | 1 | $0 | $0 |
| Carl Martignetti | Trustee Trustee or director | 1 | $0 | $0 |
| Gregory Paul | Trustee Trustee or director | 1 | $0 | $0 |
| Kelly Garvey Pellagrini | Trustee Trustee or director | 1 | $0 | $0 |
| Sarah Pelmas | Trustee Trustee or director | 1 | $0 | $0 |
| Taggart Romney | Trustee Trustee or director | 1 | $0 | $0 |
| Jill Shah | Trustee Trustee or director | 1 | $0 | $0 |
| Brian Shortsleeve | Trustee Trustee or director | 1 | $0 | $0 |
| Margaret Wade | Trustee Trustee or director | 1 | $0 | $0 |
| Herbert Wagner | Trustee Trustee or director | 1 | $0 | $0 |
| John Conners | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 350 PROSPECT ST, BELMONT, MA 02478-2656
- In care of
- % BELMONT HILL SCHOOL INC
- Principal officer (990 for 2024)
- Jay Bounty, 350 Prospect Street, 350 Prospect Street, Belmont, MA 02478
- Signed the 990
- Jay Bounty, Assistant Treasurer
- Phone
- (617) 484-4410
- Website
- www.belmonthill.org
Mission
Belmont Hill School educates boys in mind, body, and spirit to develop men of good character. Our community encourages and challenges students to discover and pursue passions, seek excellence and face adversity with resilience. We cultivate critical thinking and creativity, teamwork and competition, hard work and reflections, tradition and innovation. Valuing our differences and working together, we embrace camaraderie, compassion, and service to others. Our school strives to instill in each boy ethical judgment, a sense of common humanity, and lifelong love of learning.
Program accomplishments
- Educational institutions and related activities: Belmont Hill School's mission is to educate boys in mind, body, and spirit. Our environment of both challenge and support emphasizes strong moral values, honest effort, and responsibility for oneself and community. Valuing difference, Belmont Hill welcomes students from a broad range of backgrounds and experiences. Through shared commitment to the classroom, playing field, studio, and stage, students and teachers forge special bonds. Respecting tradition yet alive to innovation, our structured and rigorous program provides students with clear expectations and consistent encouragement, a framework for growth that honors creativity, teamwork, and competition. Belmont Hill helps students to develop clear thinking and lifelong love of learning; to become sensitive and responsive to the complexities of modern society; to gain the skills, values, and courage to face the future with confidence; to embrace, both now and in later life, a spirit of working together to better the world. Belmont Hill School gives its students a strong, traditionally defined education, in a balanced, well rounded environment. The value of its core curriculum seems to have increased with time. The school's insistence on this traditional framework of excellence, in many ways simple and straightforward, gives the curriculum distinction, and continues to be its first principle in planning for the future.Expenses $34,238,325 · grants $8,532,421 · revenue $60,721,562
- Educational institutions and related activities: Educated 830 boys and girls, ages 8 to 18, in a 6 week comprehensive and rigorous summer school or summer camp. Students take courses for remediation, for enrichment, and for academic credit here and at other schools.Expenses $512,000 · grants $62,654 · revenue $748,933
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
- 04-2103870
- 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
- 1929
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B250)
- Assets (IRS master file)
- $296,903,003
- Income (IRS master file)
- $209,965,182
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $73,236,485 | $45,839,024 | $296,903,003 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $53,458,441 | $43,107,118 | $269,529,738 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $41,088,782 | $38,599,133 | $239,891,189 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $47,510,938 | $36,568,046 | $216,719,471 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 04-2103870).
Questions about BELMONT HILL SCHOOL INC
- What is the EIN of BELMONT HILL SCHOOL INC?
- The employer identification number (EIN) of BELMONT HILL SCHOOL INC is 04-2103870.
- Is BELMONT HILL SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1929.
- Are donations to BELMONT HILL SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BELMONT HILL SCHOOL INC 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 BELMONT HILL SCHOOL INC 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 BELMONT HILL SCHOOL INC 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 BELMONT HILL SCHOOL INC?
- The 990 for the year ended June 30, 2025 names Jay Bounty.
- Who are the officers and directors of BELMONT HILL SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 43 people; 8 received compensation from the organization, the highest $589,538 (Gregory J Schneider, Ronald M. Druker '62 Head of School-Secretary).
- How much revenue does BELMONT HILL SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $73,236,485, expenses of $45,839,024 and total assets of $296,903,003 at year end.
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