Nonprofit · EIN 04-2105855
WORCESTER ACADEMY
Tax-exempt · WORCESTER, MA 01604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $36,037,921 | $35,600,941 | $436,980 | $170,781,959 | $29,463,130 | $141,318,829 |
| June 30, 2024 | 990 | $36,715,667 | $33,119,852 | $3,595,815 | $159,374,601 | $21,191,673 | $138,182,928 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,437,923
- Program service revenue
- $28,941,129
- Investment income
- $4,670,607
- Net rental income
- -$26,015
- Net gain from sales of assets
- $1,632,754
- Net income from sales of inventory
- -$12,886
- Other revenue
- -$11,738
Expenses
- Grants and similar amounts paid
- $7,902,056
- Other salaries and wages
- $10,824,625
- Salaries, compensation and benefits (total)
- $15,063,150
- Professional fundraising fees
- $150,000
- Legal fees
- $296,669
- Accounting fees
- $81,718
- Occupancy
- $4,224,919
- Travel
- $240,616
- Depreciation
- $2,904,620
- Program services (functional)
- $29,824,258
- Management and general (functional)
- $4,287,551
- Fundraising (functional)
- $1,489,132
Balance sheet and other
- Total assets, start of year
- $159,374,601
- Total assets, end of year
- $170,781,959
- Total liabilities, end of year
- $29,463,130
- Net assets, end of year
- $141,318,829
- Land, buildings and equipment
- $75,744,526
- Publicly traded securities
- $39,625,839
- Net assets without donor restrictions
- $82,245,813
- Net assets with donor restrictions
- $59,073,016
- Gross unrelated business income
- -$92,631
- Gross receipts
- $47,588,192
- Employees
- 259
- Volunteers
- 0
- Year formed
- 1834
- 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 |
|---|---|---|---|---|
| KEVIN BREEN | HEAD OF SCHOOL Officer | 40 | $346,665 | $41,593 |
| JENNIFER DIFRANCO | DIRECTOR OF ADVANCEMENT Highest-paid employee | 40 | $186,259 | $32,874 |
| MARNIE KUT | ASSOCIATE HEAD OF SCHOOL Officer | 40 | $179,998 | $28,776 |
| ELIZABETH BUDZINSKI | CHIEF FINANCIAL OFFICER Officer | 40 | $159,961 | $30,954 |
| JACQUELINE ARCE | ASSISTANT HEAD OF SCHOOL FOR TEACHING & LEARNING Highest-paid employee | 40 | $120,602 | $28,103 |
| JASON GERUM | DIRECTOR OF FACILITIES Highest-paid employee | 40 | $117,061 | $8,490 |
| CAROLINE REICH | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| WAI YAN RONALD CHAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MICHAEL J O'NEIL JR | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| NORA BROOKS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR DANIEL R APELIAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR JORDAN H EISENSTOCK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MEGAN A O'LEARY | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| LAWRENCE A GORDON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JONATHAN S STUART | TRUSTEE Trustee or director | 2 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EVA M NAZAREWICZ | TRUSTEE Trustee or director | 2 | $0 |
| CANAAN T SEVERIN | TRUSTEE Trustee or director | 2 | $0 |
| DANIEL R BONNETTE | TRUSTEE Trustee or director | 2 | $0 |
| COURTNEY N CARR ESQ | TRUSTEE Trustee or director | 2 | $0 |
| PETER CRONIN | TRUSTEE Trustee or director | 2 | $0 |
| WILLIAM A HADDAD | TRUSTEE Trustee or director | 2 | $0 |
| SARAH A COLLINS | TRUSTEE Trustee or director | 2 | $0 |
| MICHAL P GRABIAS | TRUSTEE Trustee or director | 2 | $0 |
| HENRY DORMITZER III | TRUSTEE Trustee or director | 2 | $0 |
| MICHAEL J MANGAUDIS | TRUSTEE Trustee or director | 2 | $0 |
| DR TRENT MASIKI | TRUSTEE Trustee or director | 2 | $0 |
| DR MICHAEL T SHANNON | TRUSTEE Trustee or director | 2 | $0 |
| PATRICK BROSNIHAN | TRUSTEE Trustee or director | 2 | $0 |
| CHRIS CAPOZZOLI | TRUSTEE Trustee or director | 2 | $0 |
| THOMAS MEYER | TRUSTEE Trustee or director | 2 | $0 |
| JENNIFER QUINN | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN BREEN | HEAD OF SCHOOL Officer | 40 | $345,567 | $42,029 |
| JENNIFER DIFRANCO | DIRECTOR OF ADVANCEMENT Highest-paid employee | 40 | $178,647 | $30,989 |
| MARNIE KUT | ASSOCIATE HEAD OF SCHOOL Highest-paid employee | 40 | $170,565 | $26,799 |
| ELIZABETH BUDZINSKI | CHIEF FINANCIAL OFFICER Officer | 40 | $153,487 | $29,305 |
| DOUGLAS POSKITT | DEAN OF FACULTY Officer | 40 | $131,408 | $17,024 |
| CAROLINE REICH | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| WAI YAN RONALD CHAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR MARLA E ABODEELY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MICHAEL J O'NEIL JR | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| NORA BROOKS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR DANIEL R APELIAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR JORDAN EISENSTOCK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MEG O'LEARY | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| LAWRENCE A GORDON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JONATHAN STUART | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LUKE VAILLANCOURT | TRUSTEE Trustee or director | 2 | $0 | $0 |
| EVA NAZAREWICZ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CANAAN SEVERIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DANIEL R BONNETTE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| COURTNEY N CARR ESQ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PETER CRONIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| WILLIAM HADDAD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SARAH A COLLINS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MICHAL GRABIAS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HENRY DORMITZER III | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MICHAEL J MANGAUDIS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR TRENT MASIKI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR MICHAEL T SHANNON | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 81 PROVIDENCE ST, WORCESTER, MA 01604-4203
- In care of
- % WORC
- Principal officer (990 for 2024)
- ELIZABETH BUDZINSKI, 81 PROVIDENCE STREET, WORCESTER, MA 01604
- Signed the 990
- ELIZABETH BUDZINSKI, CHIEF FINANCIAL OFFICER
- Phone
- (508) 754-5302
- Website
- WWW.WORCESTERACADEMY.ORG
- Return prepared by
- BOLLUS LYNCH LLP
Mission
WORCESTER ACADEMY EXISTS TO INSTILL IN ITS STUDENTS THE DESIRE TO LEARN THROUGHOUT LIFE, TO ENGAGE PASSIONATELY WITH THE WORLD AROUND THEM, AND TO BE HONORABLE PERSONS OF STRONG AND RESOURCEFUL CHARACTER.
Program accomplishments
- OPERATION OF PREPARATORY SCHOOL FOR 530 STUDENTS IN GRADES 6 - 12 AND POSTGRADUATES.Expenses $29,682,809 · grants $7,902,056 · revenue $28,627,558
- SUMMER PROGRAMS BENEFITING STUDENTS AGES 7 - 14.Expenses $141,449 · revenue $327,848
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
- 04-2105855
- 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
- 1935
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B200)
- Assets (IRS master file)
- $170,781,959
- Income (IRS master file)
- $47,588,192
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $36,037,921 | $35,600,941 | $170,781,959 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $36,715,667 | $33,119,852 | $159,374,601 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $34,587,965 | $32,083,898 | $149,640,223 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $71,283,222 | $32,353,683 | $144,370,971 | 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 04-2105855).
Questions about WORCESTER ACADEMY
- What is the EIN of WORCESTER ACADEMY?
- The employer identification number (EIN) of WORCESTER ACADEMY is 04-2105855.
- Is WORCESTER ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1935.
- Are donations to WORCESTER ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WORCESTER 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 WORCESTER 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 WORCESTER 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 WORCESTER ACADEMY?
- The 990 for the year ended June 30, 2025 names ELIZABETH BUDZINSKI.
- Who are the officers and directors of WORCESTER ACADEMY?
- The 990 for the year ended June 30, 2025 lists 31 people; 6 received compensation from the organization, the highest $346,665 (KEVIN BREEN, HEAD OF SCHOOL).
- How much revenue does WORCESTER ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $36,037,921, expenses of $35,600,941 and total assets of $170,781,959 at year end.
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- ASSUMPTION UNIVERSITY EIN 04-2105776 · last filed 990 for 2025
- BANCROFT SCHOOL EIN 04-2103861 · last filed 990 for 2025
- WORCESTER STATE FOUNDATION INC EIN 22-3248067 · last filed 990 for 2025
- AMERICAN ANTIQUARIAN SOCIETY EIN 04-2103652 · last filed 990 for 2025
- ASSISTMENTS FOUNDATION INC EIN 83-4228740 · last filed 990 for 2025
- MASSACHUESETTS EDUCATION AND CAREER OPPORTUNTIES INC EIN 23-7055676 · last filed 990 for 2025