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Top 50 New England Boarding Schools Heads Average $420,000 in Compensation

Monday, June 23, 2014

 

The heads of the top New England boarding schools don’t just educate the future 1%, many of them are members of the 1%.

The average compensation of the top 50 highest paid New England boarding schools heads of school is more than $420,000 annually, while the average student body of these 50 schools is just over 460 students.

GoLocal researched thousands of pages of federal tax data submitted to the IRS by each of the 99 boarding schools in New England.  The schools reviewed have produced some of America’s most powerful and affluent leaders -- and maybe they should, as the schools average yearly tuition for boarders is $52,720.  Choate Rosemary Hall claims grads such as Adlai Stevenson, President John F. Kennedy and actress Glenn Close. And Phillips Exeter’s alums include Mark Zuckerberg Founder and CEO, Facebook, and author Dan Brown of  “The Da Vinci Code”.

The findings of the research disclosed that the salaries and compensation of boarding school headmasters and headmistresses is often above that of private colleges and universities that are four to ten times larger in student enrollment.

At Tabor Academy in Marion, Massachusetts, recently retired Tabor Headmaster Jay Stroud tallied a compensation package in excess of $822,000 in 2012 – the highest compensation of any of the New England Board School heads. Tabor has an annual tuition for boarders of $53,375 and enrolls 496 students. Famous Tabor grads include Reebok founder Paul Fireman, former Rhode Island Governor Bruce Sundlun and former Boston Mayor Kevin White.

In explaining the compensation, Tabor's Chief Financial Officer Chris Winslow said, ""I think you've seen board members at schools take on increased fiduciary responsibilities for managing a non-profit.  Managing resources is of critical importance, and reducing costs where we can is critical.  The more money we can save from overhead costs, the more we can put into the school," said Winslow. "Our tuition increase was less this year than it was the previous year."

According to Winslow part of Stroud's $822,000 package included a one-time payment from a non-qualified retirement fund. Since his departure the school has done away with that form of retirement funding and the present headmaster participates in a defined contribution plan. It should be noted Winslow joined Tabor after Stroud's departure.

"I think for boarding schools, it's not just the education piece, it's the social piece, athletics, facilities, food -- there's a lot to look after and oversee.  Some of these boarding schools have campuses that rival any college," said Renee Goldberg, who is an education consultant with Options in Ed in Worcester, MA.  

Photo by Bev Goodwin Flckr

It Pays to be a Headmaster or Headmistress

New England boarding schools are idyllic places that claim to inspire the best and brightest. Northfield Mount Herman in Northfield, Massachusetts describes its value as an institution, “After Northfield Mount Herman, students move on to college—including some of the finest in the nation—and into the world with academic confidence and, again, a sense of purpose. They are curious, inspired, motivated. They are ready.”

Maybe the most surprising is that four New England Boarding Schools headmasters receive annual compensation in 2012 of more than $600,000 and the highest annual salary. After Tabor Academy’s Headmaster, Northfield Mount Herman came in second in total compensation of $703,217.

Boarding School Salaries v College President Salaries

To put Tabor's Stroud’s compensation in perspective, the boarding school Headmasters and Mistresses often earn more than the presidents of many of America’s top colleges. Forbes magazine reports that the median total compensation for 2011 of college presidents was $410,523, a 3.2% increase over 2010.

David Angel, the President of Clark University in Worcester, Massachusetts earned just over $300,000 in 2012 to lead a University that enrolls 2,300 undergrads and 1,100 graduate students.

The personal financial guidance publication Kiplinger’s writes, “The latest numbers from the IRS—based on data from 2011 tax returns—show what it takes to be among the top 1% of income earners: adjusted gross income of $388,905 or more.” According to IRS data, 28 of the New England headmasters and headmistresses qualify as America's 1%.

Who Sets Compensation?

At each of the institutions, the Board of Trustees decides the salary and compensation of the headmasters and headmistresses. Board members of these boarding schools are a veritable who’s who wealth and privilege. Board of Trustee members are managing partners at investment banking firms such as Goldman Sachs to major media companies to leaders in the entertainment industry. The Boards are made up often many of America’s most wealthy and powerful. Former President George H.W. Bush is a former member of Philips Andover’s Charter Trustees and served actively from 1967 to 1979 – up until he became Vice President of the United States.

“It is the responsibility of Boards of Trustees to set appropriate compensation for the head of school. In doing so, boards will take into account myriad factors, but the major factors will be the head’s success in furthering the mission and strategic plan of the school, the head’s success in meeting the annual goals defined in conjunction with the Board, and the compensation package of the heads of comparable schools,” said Steve Clem, Ph.D., Executive Director of the Association of Independent Schools in New England in Braintree, MA.

Many of the members of the board of trustees are alumni of the respective school and many are parents of students attending the schools. And, in some cases the headmasters or headmistresses are graduates of the institutions that they are now leading. It is a cozy relationship between headmaster and boards.

“Boards take very seriously their obligations with regard to executive compensation and will often conduct a formal salary study to ensure that the head's compensation is in line with that of her peers. Boards certainly understand that a strong, appropriate compensation package helps to attract and retain effective leaders,” said Clem.

When Northfield Mount Hermon Head of School, Peter B. Fayroian was asked about his predecessor he wrote in an email to GoLocal, “...please know that I couldn't comment upon my predecessor's compensation and its rationale for obvious reasons. I might remind you, though, that the total compensation number of many heads in the final year at her or his school often includes years of accumulated deferred compensation; just an FYI.”

As for the head of school compensation, Options in Ed's Goldberg said, "It's ultimately the boards' decisions, but it doesn't bother me at all.  I think education is important, and I think people in education should get paid as much or more than people in other fields, such as athletes."

Editor's Note: GoLocal previously reported that Robert and Ted Kennedy attended Phillips Exeter Academy, instead of Milton Academy.

 

Related Slideshow: New England Top Boarding Schools’ Heads Make Mega Salaries

Prev Next

#50

Headmistress: Susan Graham

Total Compensation: $279,201

School: The Gunnery

Number of Students: 298

Grades: 9-12, PG

Location: Washington, CT

Tuition Boarders: $51,200

Tuition Day Students: $38,500

Source: IRS 990 Forms as submitted by the School, School's Web site

Susan Graham retired in June 2012. Her successor was Peter W.E. Becker who took over in July 2012. 

Prev Next

#49

Headmaster: Thomas W. Farmen

Total Compensation: $282,671

School: Rumsey Hall School

Number of Students: 326

Grades: 5-9

Location: Washington Depot, CT

Tuition Boarders: $51,465

Tuition Day Students: $24,190

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#48

Headmaster: Andrew C. Chase

Total Compensation: $283,335

School: Eaglebrook School

Number of Students: 252

Grades: 6-9, All Boys

Location: Deerfield, MA

Tuition Boarders: $56,250

Tuition Day Students: $34,700

Source: IRS 990 Forms as submitted by the School, School's Web site

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#47

Headmaster: Phillip Peck

Total Compensation: $290,400

School: Holderness School

Number of Students: 280

Grades: 9-12, PG

Location: Plymouth, NH

Tuition Boarders: $54,100

Tuition Day Students: $34,700

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#46

Headmaster: Dr. Jerry Larson

Total Compensation: $291,629

School: Cheshire Academy

Number of Students: 352

Grades: 8-12, PG

Location: Cheshire, CT

Tuition Boarders: $47,840

Tuition Day Students: $33,490

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#45

Headmaster: John Warren

Total Compensation: $294,137

School: St. Mark's School

Number of Students: 356

Grades: 9-12, PG

Location: Southborough, MA

Tuition Boarders: $50,975

Tuition Day Students: $40,700

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#44

Headmaster: Robert Hill

Total Compensation: $307,300

School: The Williston Northampton School

Number of Students: 460

Grades: 9-12, PG

Location: Easthampton, MA

Tuition Boarders: $52,900

Tuition Day Students: $35,900

Source: IRS 990 Forms as submitted by the School, School's Web site

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#43

Headmaster: Andrew Menke

Total Compensation: $307,320

School: New Hampton School

Number of Students: 310

Grades: 9-12, PG

Location: New Hampton, NH

Tuition Boarders: $53,700

Tuition Day Students: $32,700

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#42

Headmaster: Bradford Hastings

Total Compensation: $308,140

School: Pomfret School

Number of Students: 357

Grades: 9-12, PG

Location: Pomfret, CT

Tuition Boarders: $52,175

Tuition Day Students: $33,000

Source: IRS 990 Forms as submitted by the School, School's Web site

Bradford Hastings retired in June 2011. His successor was Tim Richards who took over in July 2011. 

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#41

Headmaster: Chisholm S. Chandler

Total Compensation: $314,145

School: Salisbury School

Number of Students: 305

Grades: 9-12, PG, All Boys

Location: Salisbury, CT

Tuition Boarders: $53,700

Tuition Day Students: $43,700

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#40

Headmaster: Mark A Devey

Total Compensation: $322,320

School: Indian Mountain School

Number of Students: 260

Grades: 6-9

Location: Lakeville, CT

Tuition Boarders: $52,000

Tuition Day Students: $27,400

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#39

Headmaster: Dexter P. Morse

Total Compensation: $323,754

School: Worcester Academy

Number of Students: 645

Grades: 9-12, PG

Location: Worcester, MA

Tuition Boarders: $55,598

Tuition Day Students: $31,574

Source: IRS 990 Forms as submitted by the School, School's Web site

Dexter Morse retired in June 2012. His successor was Ronald M. Cino who took over in July 2012.

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#38

Headmaster: Rick Hardy

Total Compensation: $327,595

School: Concord Academy

Number of Students: 370

Grades: 9-12

Location: Concord, MA

Tuition Boarders: $48,050

Tuition Day Students: $38,850

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#37

Headmaster: John Doggett

Total Compensation: $327,628

School: The Governor's Academy

Number of Students: 398

Grades: 9-12

Location: Byfield, MA

Tuition Boarders: $50,900

Tuition Day Students: $40,300

Source: IRS 990 Forms as submitted by the School, School's Web site

John Doggett retired in June 2011. His successor was Peter H. Quimby who took over in July 2011.

Prev Next

#36

Headmaster: Tom Lovett

Total Compensation: $331,733

School: St. Johnsbury Academy

Number of Students: 950

Grades: 9-12, PG

Location: St. Johnsbury, VT

Tuition Boarders: $49,300

Tuition Day Students: $15,750

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#35

Headmistress: Caroline Erisman

Total Compensation: $333,746

School: Dana Hall School

Number of Students: 445

Grades: 9-12, All Girls

Location: Wellesley, MA

Tuition Boarders: $54,980

Tuition Day Students: $41,250

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#34

Headmaster: Robert Broudo

Total Compensation: $334,967

School: Landmark School

Number of Students: 450

Grades: 9-12

Location: Prides Crossing, MA

Tuition Boarders: $67,600

Tuition Day Students: $51,300

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#33

Headmistress: Elizabeth Cromwell Speers

Total Compensation: $336,321

School: The Ethel Walker School

Number of Students: 258

Grades: 9-12, PG, All Girls

Location: Simsbury, CT

Tuition Boarders: $52,300

Tuition Day Students: $33,500

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#32

Headmaster: Mike J. Maher

Total Compensation: $342,809

School: Berkshire School

Number of Students: 391

Grades: 9-12, PG

Location: Sheffield, MA

Tuition Boarders: $52,150

Tuition Day Students: $42,150

Source: IRS 990 Forms as submitted by the School, School's Web site

Mike Maher retired in April 2013. His successor was Pierter Mulder who took over in May 2013.

Prev Next

#31

Headmaster: Bill Phillip

Total Compensation: $342,827

School: Westminster School

Number of Students: 390

Grades: 9-12, PG

Location: Simsbury, CT

Tuition Boarders: $54,000

Tuition Day Students: $40,500

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#30

Headmistress: Margaret Joblonski

Total Compensation: $345,112

School: Miss Hall's School

Number of Students: 206

Grades: 9-12, PG, All Girls

Location: Pittsfield, MA

Tuition Boarders: $51,970

Tuition Day Students: $31,825

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#29

Headmaster: Carl Stasio Jr.  

Total Compensation: $378,717

School: Thornton Academy

Number of Students: 1500

Grades: 9-12

Location: Saco, ME

Tuition Boarders: $42,000

Tuition Day Students: $12,500

Source: IRS 990 Forms as submitted by the School, School's Web site

Carl Stasio Jr. retired in July 2012. His successor was Rene Menard who took over in July 2012.

Prev Next

#28

Headmaster: Dr. Michael E. Cooper

Total Compensation: $394,784

School: Brewster Academy

Number of Students: 358

Grades: 9-12, PG

Location: Wolfeboro, NH

Tuition Boarders: $51,400

Tuition Day Students: $31,700

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#27

Headmistress: Kathleen Carroll Giles

Total Compensation: $396,379

School: Middlesex School

Number of Students: 375

Grades: 9-12

Location: Concord, MA

Tuition Boarders: $52,300

Tuition Day Students: $41,800

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#26

Headmaster: Eric F. Peterson

Total Compensation: $411,197

School: St. George's School

Number of Students: 364

Grades: 9-12

Location: Newport, RI

Tuition Boarders: $54,100

Tuition Day Students: $37,200

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#25

Headmaster: James Tracy

Total Compensation: $412,350

School: Cushing Academy 

Number of Students: 445

Grades: 9-12, PG

Location: Ashburnham, MA

Tuition Boarders: $53,700

Tuition Day Students: $38,450

Source: IRS 990 Forms as submitted by the School, School's Web site

James Tracy retired in June 2013. His successor was Christopher Torino who took over in July 2013.

Prev Next

#24

Headmaster: Rodney LaBrecque

Total Compensation: $416,663

School: Wilbraham & Monson Academy 

Number of Students: 431

Grades: 8-12, PG

Location: Wilbraham, MA

Tuition Boarders: $52,985

Tuition Day Students: $35,640

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#23

Headmaster: Rob Gustavson

Total Compensation: $419,035

School: Fay School

Number of Students: 450

Grades: 7-9

Location: Southborough, MA

Tuition Boarders: $53,300

Tuition Day Students: $31,300

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#22

Headmaster: Kenneth LaRocque

Total Compensation: $430,974

School: Avon Old Farms School

Number of Students: 409

Grades: 9-12, PG

Location: Avon, CT

Tuition Boarders: $50,450

Tuition Day Students: $38,150

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#21

Headmaster: Richardson W. Schell

Total Compensation: $435,895

School: Kent School

Number of Students: 560

Grades: 9-12, PG

Location: Kent, CT

Tuition Boarders: $54,300

Tuition Day Students: $42,600

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#20

Headmaster: William R. MacMullen

Total Compensation: $437,669

School: The Taft School

Number of Students: 576

Grades: 9-12, PG

Location: Watertown, CT

Tuition Boarders: $50,300

Tuition Day Students: $37,300

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#19

Headmaster: Thomas Sheehy

Total Compensation: $437,751

School: Canterbury School

Number of Students: 350

Grades: 9-12, PG

Location: New Milford, CT

Tuition Boarders: $51,900

Tuition Day Students: $40,600

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#18

Headmaster: Thomas E. Hassan

Total Compensation: $443,252

School: Phillips Exeter Academy

Number of Students: 1085

Grades: 9-12, PG

Location: Exeter, NH

Tuition Boarders: $46,905

Tuition Day Students: $36,430

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#17

Headmaster: David Beecher

Total Compensation: $443,803

School: Hillside School

Number of Students: 140

Grades: 5-9, All Boys

Location: Marlborough, MA

Tuition Boarders: $53,300

Tuition Day Students: $31,300

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#16

Headmistress: Shelia Culbert

Total Compensation: $447,522

School: The Loomis Chaffee School

Number of Students: 650

Grades: 9-12, PG

Location: Windsor, CT

Tuition Boarders: $53,750

Tuition Day Students: $40,780

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#15

Headmaster: Michael J. Schafer

Total Compensation: $457,952

School: Kimball Union Academy

Number of Students: 324

Grades: 9-12, PG

Location: Meriden, NH

Tuition Boarders: $51,250

Tuition Day Students: $31,050

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#14

Headmaster: Michael G. Hirschfeld

Total Compensation: $462,942

School: St. Paul's School

Number of Students: 542

Grades: 9-12

Location: Concord, NH

Tuition Boarders: $50,180

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#13

Headmaster: James R. Clements

Total Compensation: $469,449

School: Tilton School

Number of Students: 225

Grades: 9-12, PG

Location: Tilton, NH

Tuition Boarders: $52,500

Tuition Day Students: $30,100

Source: IRS 990 Forms as submitted by the School, School's Web site

James Clements retired in June 2012. His successor was Peter C. Saliba who took over in October 2012.

Prev Next

#12

Headmaster: Peter J. McDonald

Total Compensation: $470,022

School: Eagle Hill School

Number of Students: 204

Grades: 8-12

Location: Hardwick, MA

Tuition Boarders: $82,835

Tuition Day Students: $62,725

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#11

Headmaster: Malcolm McKenzie

Total Compensation: $481,907

School: The Hotchkiss School

Number of Students: 594

Grades: 9-12, PG

Location: Lakeville, CT

Tuition Boarders: $52,430

Tuition Day Students: $44,575

Source: IRS 990 Forms as submitted by the School, School's Web site

Malcolm McKenzie stepped down in June 2013. His successor was Dr. Kevin M. Hicks who took over in July 2013.

Prev Next

#10

Headmistress: Katherine G. Windsor

Total Compensation: $517,373

School: Miss Porter's School

Number of Students: 311

Grades: 9-12, All Girls

Location: Farmington, CT

Tuition Boarders: $50,455

Tuition Day Students: $40,245

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#9

Headmaster: Alex Curtis

Total Compensation: $537,310

School: Choate Rosemary Hall

Number of Students: 856

Grades: 9-12, PG

Location: Wallingford, CT

Tuition Boarders: $51,950

Tuition Day Students: $40,000

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#8

Headmistress: Margarita Curtis

Total Compensation: $555,823

School: Deerfield Academy

Number of Students: 467

Grades: 9-12

Location: Deerfield, MA

Tuition Boarders: $52,615

Tuition Day Students: $37,685

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#7

Headmaster: Richard B. Commons

Total Compensation: $576,698

School: Groton School

Number of Students: 371

Grades: 8-12

Location: Groton, MA

Tuition Boarders: $53,870

Tuition Day Students: $41,960

Source: IRS 990 Forms as submitted by the School, School's Web site

Richard Commons resigned in June 2013. His successor was Temba Maqubela who took over in July 2013.

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#6

Headmistress: Barbara L. Chase

Total Compensation: $579,042

School: Phillips Academy Andover

Number of Students: 1141

Grades: 9-12, PG

Location: Andover, MA

Tuition Boarders: $48,850

Tuition Day Students: $38,000

Source: IRS 990 Forms as submitted by the School, School's Web site

Barbara Chase retired in June 2012. Her successor was John Palfrey who took over in July 2012.

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#5

Headmaster: Robert Henderson

Total Compensation: $581,493

School: Noble and Greenough

Number of Students: 300

Grades: 7-12 

Location: Dedham, MA

Tuition Boarders: $46,700

Tuition Day Students: $40,900

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#4

Headmaster: Todd B. Bland

Total Compensation: $635,392

School: Milton Academy

Number of Students: 680

Grades: 9-12

Location: Milton, MA

Tuition Boarders: $49,400

Tuition Day Students: $40,550

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#3

Headmaster: Charles Cahn III

Total Compensation: $664,679

School: Suffield Academy

Number of Students: 414

Grades: 9-12, PG

Location: Suffield, CT

Tuition Boarders: $50,800

Tuition Day Students: $35,000

Source: IRS 990 Forms as submitted by the School, School's Web site

Prev Next

#2

Headmaster: Thomas K. Sturtevant

Total Compensation: $703,217

School: Northfield Mount Hermon

Number of Students: 650

Grades: 9-12, PG

Location: Mount Hermon, MA

Tuition Boarders: $54,700

Tuition Day Students: $37,300

Source: IRS 990 Forms as submitted by the School, School's Web site

Thomas Sturtevant resigned in June 2011. His successor was Peter B. Fayroian who took over in July 2011.

Prev Next

#1

Headmaster: Jay S. Stroud

Total Compensation: $822,011

School: Tabor Academy

Number of Students: 496

Grades: 9-12

Location: Marion, MA

Tuition Boarders: $53,375

Tuition Day Students: $38,250

Source: IRS 990 Forms as submitted by the School, School's Web site

Jay S. Stroud retired in June 2012. His successor was John H. Quirk Jr. who took over in July 2012.

 
 

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