Nonprofit · EIN 04-2105750
TOWER SCHOOL IN MARBLEHEAD INC
Tax-exempt · MARBLEHEAD, MA 01945
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,277,079 | $12,147,694 | $129,385 | $24,569,720 | $14,543,087 | $10,026,633 |
| June 30, 2024 | 990 | $10,998,740 | $10,356,707 | $642,033 | $22,610,299 | $13,204,505 | $9,405,794 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $644,096
- Program service revenue
- $10,876,459
- Investment income
- $611,103
- Net rental income
- $151,205
- Net gain from sales of assets
- $120,718
- Net income from fundraising events
- -$5,784
- Other revenue
- $145,421
Expenses
- Grants and similar amounts paid
- $2,878,683
- Compensation of officers, directors and key employees
- $459,761
- Other salaries and wages
- $4,706,100
- Salaries, compensation and benefits (total)
- $6,943,496
- Professional fundraising fees
- $0
- Legal fees
- $17,919
- Accounting fees
- $44,250
- Occupancy
- $363,520
- Travel
- $54,540
- Depreciation
- $584,520
- Program services (functional)
- $9,560,287
- Management and general (functional)
- $2,006,034
- Fundraising (functional)
- $581,373
Balance sheet and other
- Total assets, start of year
- $22,610,299
- Total assets, end of year
- $24,569,720
- Total liabilities, end of year
- $14,543,087
- Net assets, end of year
- $10,026,633
- Land, buildings and equipment
- $7,989,320
- Publicly traded securities
- $8,698,500
- Net assets without donor restrictions
- $7,895,999
- Net assets with donor restrictions
- $2,130,634
- Gross receipts
- $13,570,221
- Employees
- 139
- Volunteers
- 125
- Year formed
- 1912
- 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 |
|---|---|---|---|---|
| TODD EVELETH | HEAD OF SCHOOL Officer | 60 | $217,792 | $63,241 |
| MARGE PIERCE | DIRECTOR OF FINANCE AND OPERATIONS Key employee | 60 | $166,357 | $28,768 |
| ELIZABETH BUCHAN | HEAD OF LOWER SCHOOL Highest-paid employee | 40 | $113,633 | $53,689 |
| MURIELLE ST PAUL | HEAD OF MIDDLE SCHOOL Highest-paid employee | 40 | $105,560 | $20,618 |
| ALETHEA MCCORMICK | TRUSTEE/CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| STEFANIE CONAHAN | TRUSTEE/VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL GORDON | TRUSTEE/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ANGIE MUNRO | TRUSTEE/CLERK Trustee or director, Officer | 2 | $0 | $0 |
| MATTHEW VELLUTO | TRUSTEE/VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| STEPHEN AINLAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREG DOMBAL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES FLEURIEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REID GRAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BARRY KELLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BETH PEABODY | TRUSTEE Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADAM PETRICK | TRUSTEE Trustee or director | 1 | $0 |
| JAY STELLA | TRUSTEE Trustee or director | 1 | $0 |
| EMILY ZOTTO-BARNUM | TRUSTEE Trustee or director | 1 | $0 |
| JEFFREY CARTER | TRUSTEE Trustee or director | 1 | $0 |
| CARRIE BERENSON ROSENMAN | TRUSTEE Trustee or director | 1 | $0 |
| RUTH DU MOULIN | TRUSTEE Trustee or director | 1 | $0 |
| CALISTA MAHARAJ | TRUSTEE Trustee or director | 1 | $0 |
| DAPHNE RAMOS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARGE PIERCE | DIRECTOR OF FINANCE AND OPERATIONS Key employee | 60 | $160,268 | $18,060 |
| ELIZABETH BUCHAN | HEAD OF LOWER SCHOOL Highest-paid employee | 40 | $109,782 | $42,540 |
| SERENA GIFFORD | FORMER HEAD OF SCHOOL Former | 60 | $100,172 | $11,814 |
| TODD EVELETH | HEAD OF SCHOOL Officer | 60 | $103,940 | $3,364 |
| ALETHEA MCCORMICK | TRUSTEE/CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ANGELA MUNRO | TRUSTEE/CLERK Trustee or director, Officer | 2 | $0 | $0 |
| MATTHEW VELLUTO | TRUSTEE/VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY CARTER | TRUSTEE/VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL GORDON | TRUSTEE/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| EMILY ZOTTO-BARNUM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARRIE BERENSON ROSENMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAPHNE RAMOS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ADAM PETRICK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CALISTA MAHARAJ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BARRY KELLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREG DOMBAL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES FLEURIEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEFANIE CONAHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN AINLAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAY STELLA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BETH PEABODY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RUTH DU MOULIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATE BRACKEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 75 W SHORE DR, MARBLEHEAD, MA 01945-1256
- In care of
- % CONNIE HARRIS/PAM
- Principal officer (990 for 2024)
- MICHAEL GORDON, 75 WEST SHORE DRIVE, MARBLEHEAD, MA 01945
- Signed the 990
- MICHAEL GORDON, TREASURER
- Phone
- (781) 631-5800
- Website
- WWW.TOWERSCHOOL.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
WE TEACH OUR STUDENTS TO THINK CRITICALLY AND CREATIVELY, TO DEVELOP JOYFUL CURIOSITY, TO EMBRACE CHALLENGE AND APPLY THEIR KNOWLEDGE WITH CONFIDENCE, AND TO THRIVE WITHIN A COMMUNITY RICH WITH DIVERSE PERSPECTIVES AND TALENTS.
Program accomplishments
- THE SCHOOL OPERATES AS A COEDUCATIONAL INDEPENDENT DAY SCHOOL OFFERING A BROAD LIBERAL CURRICULUM FOR GRADES PRE-KINDERGARTEN THROUGH EIGHT. EDUCATED 269 STUDENTS, GRADUATED 20 STUDENTS AND PLACED THEM IN NUMEROUS QUALITY PUBLIC AND PRIVATE SECONDARY SCHOOLS.Expenses $9,258,852 · grants $2,878,683 · revenue $10,399,912
- THE SUMMER PROGRAM AT TOWER SCHOOL OFFERS A VARIETY OF PROGRAMS FOR CHILDREN AGES 3-16, INCLUDING ART, TECHNOLOGY, ROBOTICS, AND ADVENTURE CAMPS.Expenses $294,926 · revenue $467,422
- PARENTS ASSOCIATIONExpenses $6,509 · revenue $9,125
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
- 04-2105750
- 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
- 1938
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B21Z)
- Assets (IRS master file)
- $24,569,720
- Income (IRS master file)
- $13,570,221
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,277,079 | $12,147,694 | $24,569,720 | IRS |
| 990 | June 2024 | $10,998,740 | $10,356,707 | $22,610,299 | XML |
| 990 | June 2023 | $9,853,687 | $9,981,472 | $20,381,864 | IRS |
| 990 | June 2022 | $10,113,331 | $9,874,468 | $19,833,981 | IRS |
| 990 | 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 04-2105750).
Questions about TOWER SCHOOL IN MARBLEHEAD INC
- What is the EIN of TOWER SCHOOL IN MARBLEHEAD INC?
- The employer identification number (EIN) of TOWER SCHOOL IN MARBLEHEAD INC is 04-2105750.
- Is TOWER SCHOOL IN MARBLEHEAD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
- Are donations to TOWER SCHOOL IN MARBLEHEAD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TOWER SCHOOL IN MARBLEHEAD 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 TOWER SCHOOL IN MARBLEHEAD 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 TOWER SCHOOL IN MARBLEHEAD 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 TOWER SCHOOL IN MARBLEHEAD INC?
- The 990 for the year ended June 30, 2025 names MICHAEL GORDON.
- Who are the officers and directors of TOWER SCHOOL IN MARBLEHEAD INC?
- The 990 for the year ended June 30, 2025 lists 23 people; 4 received compensation from the organization, the highest $217,792 (TODD EVELETH, HEAD OF SCHOOL).
- How much revenue does TOWER SCHOOL IN MARBLEHEAD INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,277,079, expenses of $12,147,694 and total assets of $24,569,720 at year end.
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