Friends of Excel Academy Charter Schools Inc
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.
Friends of Excel Academy Charter Schools Inc at a glance
In short: Friends of Excel Academy Charter Schools Inc gave $1.5M across 2 grants in 2025 (avg $752K), mostly in Rhode Island. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $1,504,205
- -4.9% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $752,103
- -4.9% vs 2024
- Median grant
- $752,103
- Total assets
- $47,237,273
- -3.4% vs 2024
- Primary geography
- Rhode Island (62% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Friends of Excel Academy Charter Schools Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Excel Academy Rhode Island ($929K). Together the top 2 received $1.5M.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $500K–1M range: 4 grants of 9 (44%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Friends of Excel Academy Charter Schools Inc gives
- Giving grew 647% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $201K (2022) to $1.8M (2023). In 2025 it made 2 grants totaling $1.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Excel Academy Rhode Island North Providence, RI | To support the functions of excel academy Rhode Island | $929,431 |
| Excel Academy Charter School East Boston, MA | To support the functions of excel academy charter school. | $574,774 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $47,237,273 | $8,413,246 | $8,890,742 | $1,504,205 | 2 | $595,676 |
| 2024 | $48,903,477 | $8,130,290 | $8,135,886 | $1,581,134 | 2 | $665,931 |
| 2023 | $49,738,891 | $14,334,849 | $8,898,874 | $1,788,590 | 3 | $419,303 |
| 2022 | $82,712,473 | $7,984,303 | $4,300,996 | $201,263 | 1 | $176,421 |
| 2021 | $81,174,432 | $4,642,769 | $3,620,592 | $346,200 | 1 | $182,590 |
| 2020 | $45,775,555 | $1,698,014 | $1,632,724 | $267,170 | 1 | $740,566 |
| 2019 | $17,625,052 | $4,298,743 | $908,142 | $318,632 | 2 | $429,907 |
About Friends of Excel Academy Charter Schools Inc
Based on IRS filings
Friends of Excel Academy Charter Schools Inc is a public charity focused on Education, based in East Boston, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $47.2M in total assets. In 2025, it awarded 2 grants totaling $1.5M. Net investment income was $596K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Friends of Excel Academy Charter Schools Inc is led by Owen Stearns, Chief Executive Officer on every filing since 2023; 9 of 16 officers listed in 2025 are compensated.
Officers on the 2025 filing
Owen Stearns
Chief Executive Officer
On filings since 2023
40 hrs/week
$116K (2023) → $303K (2025)
Seth Reynolds
Chair
President → Chair, 2025
On filings since 2019
0.8 hrs/week
No compensation reported
Stevie Roberts
Managing Director: Operations
On filings since 2024
40 hrs/week
$140K (2024) → $144K (2025)
Darren Gray
Managing Director Academic Leadership
New on the 2025 filing
40 hrs/week
$134K (2025)
Aaron Stelson
Senior Director: Finance
On filings since 2024
40 hrs/week
$132K (2024) → $144K (2025)
Tsvetelina Tsankova
Director of Accounting
On filings since 2024
40 hrs/week
$121K (2024) → $115K (2025)
Arthur Kaynor
Director of Development & Governance
New on the 2025 filing
40 hrs/week
$118K (2025)
Andrew Solomon
Chief Financial Officer
On filings since 2023
40 hrs/week
$78K (2023) → $193K (2025)
Nina Keough
Chief School Officer
On filings since 2023
40 hrs/week
$106K (2023) → $230K (2025)
Stephanie Patton
Deputy Chief Schools Officer
On filings since 2024
40 hrs/week
$176K (2024) → $196K (2025)
Megan Preiner
Treasurer
On filings since 2019
0.8 hrs/week
No compensation reported
Shirley Veronica Cardona
Member
On filings since 2022
0.8 hrs/week
No compensation reported
Christopher Satti
Clerk
Member → Clerk, 2025
On filings since 2023
0.8 hrs/week
No compensation reported
Donald Cass
Treasurer
Clerk → Treasurer, 2025
On filings since 2023
0.8 hrs/week
No compensation reported
Timonthy Weller
Member
On filings since 2024
0.8 hrs/week
No compensation reported
Tyree Chambers
Member
New on the 2025 filing
0.8 hrs/week
No compensation reported
Former officers (8)
- Former: Kathryn Megrian (2024) — Managing Director of Academics
- Former: Sarah B. Kantrowitz (2024) — Managing Director: Student Support
- Former: Peter Fisher (2019–2022) — Clerk
- Former: Dj Cass (2022) — Clerk
- Former: Douglas Chope (2019–2021) — Member
- Former: Mary Elisabeth Swerz (2019–2021) — Clerk
- Former: Tucker Levy (2019–2021) — Member
- Former: Mandy Lee Berman (2019) — Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $303K, to Owen Stearns (Chief Executive Officer). 9 officers or directors reported compensation on that filing.
Frequently asked questions about Friends of Excel Academy Charter Schools Inc
How much does Friends of Excel Academy Charter Schools Inc give each year?
Friends of Excel Academy Charter Schools Inc gave $1.5M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.6M across 2 grants.
How large is Friends of Excel Academy Charter Schools Inc?
Friends of Excel Academy Charter Schools Inc reported $47.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $8.4M.
What is Friends of Excel Academy Charter Schools Inc?
Friends of Excel Academy Charter Schools Inc is a public charity focused on Education, based in East Boston, MA. It holds $47.2M in total assets as of 2025.
Where does Friends of Excel Academy Charter Schools Inc operate?
Friends of Excel Academy Charter Schools Inc has awarded grants in Massachusetts, Rhode Island.
What is Friends of Excel Academy Charter Schools Inc's EIN?
Friends of Excel Academy Charter Schools Inc's EIN (Employer Identification Number) is 30-0211613. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS June 18, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS April 27, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 6, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 21, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 5, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 18, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2019–2024
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