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Western Reserve Academy

Public charity990-T FY2023
DBA: % THOMAS ARNOLD
Other · HUDSON, OH · EIN 34-0714390

About

The mission of the academy is as follows: a western reserve academy education offers a transformational experience where students strive for excellence, live with integrity, and ACT with compassion.

In care of Thomas Arnold

Donations are tax-deductible
Category
Other
Employees
253
Volunteers
50

Financial Snapshot

FY ending 2023-06-30
Revenue
$44.2M
Expenses
$40.0M
Assets
$225.8M
Liabilities
$22.5M

Financial history

$56.3M$28.2M$0
1617181920212223
RevenueExpenses
Latest FY2023: $44.2M · Peak FY2022: $56.3M · Avg: $41.1M

Foreign activity (Schedule F)

Total spent abroad$20.4M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$10.1M
WESTERN RESERVE ACADEMY
Your actions

Address

115 College ST
Hudson, OH, 44236-292

Governance

Voting board members25
Independent members25
Conflict-of-interest policyYes
Whistleblower policyNo
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %6.0%
Permanent endowment %56.0%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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