Form 990 for tax year 2024

Filed by BROWNELL TALBOT SCHOOL.

Totals

Total revenue: $10,443,992
Total expenses: $11,561,432
Contributions and grants received: $1,570,333
Grants paid: $0
Program service revenue: $8,873,715
Investment income: -$27,779
Other revenue: $27,723
Total assets, end of year: $27,414,259
Total liabilities, end of year: $2,172,811
Net assets or fund balances, end of year: $25,241,448
Program services expenses (Part IX): $9,235,523
Management and general expenses: $1,606,131
Fundraising expenses: $719,778
Program service expenses (Part III): $9,235,523

Program services were 79.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$579,884
1e · Government grants (contributions)

$480,524
1f · All other contributions, gifts and grants

$509,925
1g · Noncash contributions included above

$9,138
2a · Program service revenue: TUITION AND FEES

total $7,447,235 · related or exempt $7,447,235
2b · Program service revenue: RAIDERS ZONE

total $254,773 · related or exempt $254,773
2c · Program service revenue: STUDENT ACTIVITIES

total $224,052 · related or exempt $224,052
2d · Program service revenue: SWIMMING POOL

total $201,252 · related or exempt $201,252
2e · Program service revenue: SUMMER CAMP

total $190,975 · related or exempt $190,975
2f · All other program service revenue

total $555,428 · related or exempt $555,428
3 · Investment income

total $310,466 · excluded $310,466
7a · Gross sales of assets other than inventory

securities $801,381 · other assets $521,540
7b · Less cost or other basis and sales expenses

securities $685,257 · other assets $975,909
7c · Gain or loss

securities $116,124 · other assets -$454,369
7d · Net gain or loss

total -$338,245 · excluded -$338,245
8a · Fundraising events: gross income

$180,203
8a · Fundraising events: contributions included on line 1c

$579,884
8b · Fundraising events: direct expenses

$190,372
8c · Net income from fundraising events

total -$10,169 · excluded -$10,169
9a · Gaming: gross income

$36,636
9b · Gaming: direct expenses

$20,524
9c · Net income from gaming

total $16,112 · excluded $16,112
11a · Other revenue: OTHER REVENUE

total $21,780 · related or exempt $21,780
11e · Other revenue, total

$21,780

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $568,776 · program services $217,740 · management and general $193,428 · fundraising $157,608
7 · Other salaries and wages

total $5,953,747 · program services $4,936,299 · management and general $590,225 · fundraising $427,223
8 · Pension plan contributions

total $225,573 · program services $184,936 · management and general $26,524 · fundraising $14,113
9 · Other employee benefits

total $699,170 · program services $553,288 · management and general $93,340 · fundraising $52,542
10 · Payroll taxes

total $469,629 · program services $367,155 · management and general $63,583 · fundraising $38,891
11b · Fees: legal

total $8,579 · management and general $8,579
11c · Fees: accounting

total $57,112 · management and general $57,112
11f · Fees: investment management

total $21,325 · management and general $21,325
11g · Fees: other

total $293,549 · program services $127,970 · management and general $165,192 · fundraising $387
12 · Advertising and promotion

total $130,679 · program services $130,679
13 · Office expenses

total $306,076 · program services $51,124 · management and general $247,148 · fundraising $7,804
14 · Information technology

total $141,053 · program services $120,697 · management and general $20,356
16 · Occupancy

total $521,213 · program services $474,303 · management and general $36,485 · fundraising $10,425
22 · Depreciation, depletion and amortization

total $297,771 · program services $270,972 · management and general $20,844 · fundraising $5,955
23 · Insurance

total $208,610 · program services $178,604 · management and general $25,176 · fundraising $4,830
24a · Other expenses: EDUCATIONAL SERVICES

total $1,062,651 · program services $1,062,651
24b · Other expenses: FOOD PROGRAM

total $452,756 · program services $452,756
24c · Other expenses: PROFESSIONAL DEVELOPMEN

total $62,656 · program services $61,934 · management and general $722
24d · Other expenses: TECHNOLOGY & TEXTBOOK C

total $44,415 · program services $44,415
24e · All other expenses

total $36,092 · management and general $36,092

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,294 · end of year $2,294
2 · Savings and temporary cash investments

beginning of year $3,361,729 · end of year $2,740,853
3 · Pledges and grants receivable

beginning of year $6,975 · end of year $12,113
4 · Accounts receivable

beginning of year $298,136 · end of year $189,199
8 · Inventories for sale or use

beginning of year $11,214 · end of year $18,930
9 · Prepaid expenses and deferred charges

beginning of year $153,511 · end of year $188,274
10a · Land, buildings and equipment: cost or other basis

$20,101,316
10b · Land, buildings and equipment: accumulated depreciation

$10,664,151
10c · Land, buildings and equipment, net

beginning of year $9,945,611 · end of year $9,437,165
11 · Investments: publicly traded securities

beginning of year $13,075,203 · end of year $14,322,737
15 · Other assets

beginning of year $392,387 · end of year $502,694
17 · Accounts payable and accrued expenses

beginning of year $1,170,275 · end of year $1,050,858
19 · Deferred revenue

beginning of year $959,039 · end of year $1,058,591
25 · Other liabilities

beginning of year $85,736 · end of year $63,362
27 · Net assets without donor restrictions

beginning of year $14,151,625 · end of year $13,355,254
28 · Net assets with donor restrictions

beginning of year $10,880,385 · end of year $11,886,194

Mission and programs · 2024

Mission

BROWNELL TALBOT COLLEGE PREPARATORY SCHOOL: EVERY STUDENT. EVERY MIND. EVERY HEART. KNOWN. INSPIRED. CHALLENGED.

Activities or mission (Part I)

COLLEGE PREPARATORY PRIVATE SCHOOL

EDUCATIONAL SERVICES - OPERATION OF COLLEGE PREPARATORY SCHOOL FOR APPROXIMATELY 450 STUDENTS FROM PRESCHOOL THROUGH GRADE TWELVE.

Expenses $6,500,745 · Revenue $7,447,235
AUXILIARY ACTIVITIES - ACTIVITIES SUPPLEMENTAL TO INSTRUCTIONAL LEARNING THAT EXIST PRIMARILY FOR THE BENEFIT OF STUDENTS AND REQUIRE PAYMENT OF A USER FEE (E.G. BEFORE AND AFTER CARE, FOOD SERVICE, AND SUMMER PROGRAMS).

Expenses $1,201,434 · Revenue $1,202,428
STUDENT ACTIVITIES - EXTRACURRICULAR EDUCATIONAL DEVELOPMENT EXPERIENCES (E.G. FINE ARTS, ATHLETICS, SPEECH, ROBOTICS, ETC.) THAT SUPPORT AND ENHANCE INSTRUCTIONAL LEARNING.

Expenses $659,859 · Revenue $224,052
OTHER PROGRAM SERVICES INCLUDE STUDENT RECRUITMENT AND INSURANCE, UTILITIES AND MAINTENANCE OF BUILDINGS USED FOR PROGRAM SERVICES.

Expenses $873,485 · Revenue $21,780

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

DR KRISTI GIBBS

HEAD OF SCHOOL

Total calculated

$322,359

From this org

$285,223

From related orgs

$0

Other

$37,136

Hours/week

40 + 1 related

Schedule J breakdown matched by us

Base

$253,405

Bonus

$17,323

Other

$14,495

Deferred

$12,571

Nontaxable benefits

$24,565

Filer's total

$322,359
DR CRYSTAL VAUGHT

ASST HEAD OF ACADEMICS THRU 12/24

Total calculated

$144,829

From this org

$123,631

From related orgs

$0

Other

$21,198

Hours/week

40
SHRUTI BECKMANN

CHIEF FINANCIAL OFFICER

Total calculated

$126,772

From this org

$110,057

From related orgs

$0

Other

$16,715

Hours/week

40 + 1 related
JOSEPH ROTERT DIRECTOR OF

FACILITIES AND CAMPUS SAFETY

Total calculated

$104,892

From this org

$104,892

From related orgs

$0

Other

$0

Hours/week

40
MEGAN HUNTER

CHIEF COMMUNICATIONS OFFICER

Total calculated

$96,835

From this org

$96,835

From related orgs

$0

Other

$0

Hours/week

40
JULIE SMITH

CHIEF ACADEMIC OFFICER

Total calculated

$46,114

From this org

$46,000

From related orgs

$0

Other

$114

Hours/week

40
CHRISTOPHER R HEDICAN

CHAIR

Total calculated

$0

Hours/week

1
JERRY REIMER

TREASURER

Total calculated

$0

Hours/week

1 + 0.25 related
DR GALE ETHERTON

VICE CHAIR

Total calculated

$0

Hours/week

1
MARC DUBOIS

SECRETARY

Total calculated

$0

Hours/week

1
FATIMA KHAN

TRUSTEE

Total calculated

$0

Hours/week

1
LAURA CROSBY

TRUSTEE

Total calculated

$0

Hours/week

1 + 0.25 related
MEGAN BELCHER

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
CHIP JAMES

TRUSTEE

Total calculated

$0

Hours/week

1
KARALEE PICARD

TRUSTEE

Total calculated

$0

Hours/week

1
BRIAN WOOD

TRUSTEE

Total calculated

$0

Hours/week

1
STEPHEN GEORGE

TRUSTEE

Total calculated

$0

Hours/week

1
DR DEEPAK KHAZANCHI

TRUSTEE

Total calculated

$0

Hours/week

1
DR RUDOLF KOTULA

TRUSTEE

Total calculated

$0

Hours/week

1
DR PIRZADA SATTAR

TRUSTEE

Total calculated

$0

Hours/week

1
NIKHIL MEHTA

TRUSTEE

Total calculated

$0

Hours/week

1
RENEE WESSELS

TRUSTEE

Total calculated

$0

Hours/week

1
CORRIE SHUMAKER

TRUSTEE

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Written employment contract
3 · Approval by the board or compensation committee
4a · Severance or change-of-control payment
7 · Other non-fixed payments

Answered no

4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A: CRYSTAL VAUGHT RECEIVED A SEVERANCE PAYMENT IN CALENDAR YEAR 2025. DR. CRYSTAL VAUGHT'S LAST DAY OF EMPLOYMENT WAS 12/31/2024, AND SHE RECEIVED $69,832 IN GROSS SEVERANCE PAYMENT.
PART I, LINE 7: THE HEAD OF SCHOOL CAN EARN AN ANNUAL BONUS BASED ON SURPASSING BROWNELL TALBOT'S SHORT-TERM EDUCATIONAL, OPERATIONAL, AND FINANCIAL OBJECTIVES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

BROWNELL-TALBOT FOUNDATION

501(C)(3) · TO RAISE MONEY FOR THE BROWNELL-TALBOT SCHOOL · NE · controlled entity

Directly controlled by BROWNELL-TALBOT SCHOOL

Provenance

Return type: form_990
Tax year: 2024
Filed: 26 March 2026
IRS schema version: 2024v5.5
Source object: 202610859349301556

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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