TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF EXCEL ACADEMY CHARTER SCHOOL AND EXCEL ACADEMY RHODE ISLAND; TO ENGAGE IN ACTIVITIES AND PERFORM FUNCTIONS THAT THE SCHOOLS WOULD OTHERWISE HAVE TO PERFORM; TO OWN, LEASE AND MAINTAIN THE SITES AT WHICH THE SCHOOLS ARE LOCATED AND TO OTHERWISE BENEFIT THE SCHOOLS THROUGH PROVISION OF FINANCIAL SUPPORT AND SERVICES.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$48.9M
-1.7% YoY
Annual Giving
$1.6M
-11.6% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$791K
+32.6% YoY
About Friends of Excel Academy Charter
Based on IRS filings
Friends of Excel Academy Charter is a nonprofit organization focused on Education, based in EAST BOSTON, MA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $48.9M in total assets. In 2024, it awarded 2 grants totaling $1.6M. Net investment income was $666K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $48,903,477 | $49,738,891 | $82,712,473 |
| Revenue | $8,130,290 | $14,334,849 | $7,984,303 |
| Expenses | $8,135,886 | $8,898,874 | $4,300,996 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $665,931 | $419,303 | $176,421 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Excel Academy Rhode Island ($943,396), Excel Academy Charter School ($637,738).
| Recipient | Purpose | Amount |
|---|---|---|
| EXCEL ACADEMY RHODE ISLAND NORTH PROVIDENCE, RI | TO SUPPORT THE FUNCTIONS OF EXCEL ACADEMY RHODE ISLAND | $943,396 |
| EXCEL ACADEMY CHARTER SCHOOL EAST BOSTON, MA | TO SUPPORT THE FUNCTIONS OF EXCEL ACADEMY CHARTER SCHOOL. | $637,738 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SETH REYNOLDS | PRESIDENT | 0.8 | — |
| MEGAN PREINER | TREASURER | 0.8 | — |
| DONALD CASS | CLERK | 0.8 | — |
| SHIRLEY VERONICA CARDONA | MEMBER | 0.8 | — |
| CHRISTOPHER SATTI | MEMBER | 0.8 | — |
| TIMONTHY WELLER | MEMBER | 0.8 | — |
| OWEN STEARNS | CHIEF EXECUTIVE OFFICER | 40 | $263,486 |
| NINA KEOUGH | CHIEF SCHOOL OFFICER | 40 | $220,842 |
| ANDREW SOLOMON | CHIEF FINANCIAL OFFICER | 40 | $201,015 |
| STEPHANIE PATTON | DEPUTY CHIEF SCHOOLS OFFICER | 40 | $175,847 |
| SARAH B KANTROWITZ | MANAGING DIRECTOR: STUDENT SUPPORT | 40 | $155,160 |
| STEVIE ROBERTS | MANAGING DIRECTOR: OPERATIONS | 40 | $139,835 |
| AARON STELSON | SENIOR DIRECTOR: FINANCE | 40 | $131,969 |
| TSVETELINA TSANKOVA | DIRECTOR OF ACCOUNTING | 40 | $121,376 |
| KATHRYN MEGRIAN | MANAGING DIRECTOR OF ACADEMICS | 40 | $102,672 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Friends of Excel Academy Charter?
Friends of Excel Academy Charter is a nonprofit organization focused on Education, based in EAST BOSTON, MA. It holds $48.9M in total assets as of 2024.
How large is Friends of Excel Academy Charter?
As of 2024, Friends of Excel Academy Charter holds $48.9M in total assets with $8.1M in annual revenue. It awarded 2 grants totaling $1.6M in 2024.
Where does Friends of Excel Academy Charter operate?
Friends of Excel Academy Charter has awarded grants in Massachusetts, Rhode Island.
What size grants does Friends of Excel Academy Charter award?
In 2024, Friends of Excel Academy Charter awarded 2 grants totaling $1.6M — an average of about $791K per grant, based on its IRS Form 990 filings.
What is Friends of Excel Academy Charter's EIN?
Friends of Excel Academy Charter's EIN (Employer Identification Number) is 30-0211613. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Friends of Excel Academy Charter's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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