Form 990 for tax year 2022

Filed by BROWNELL TALBOT SCHOOL.

Totals

Total revenue: $10,713,774
Total expenses: $10,532,387
Contributions and grants received: $2,472,769
Grants paid: $0
Program service revenue: $7,910,733
Investment income: $198,252
Other revenue: $132,020
Total assets, end of year: $25,639,375
Total liabilities, end of year: $2,140,307
Net assets or fund balances, end of year: $23,499,068
Program services expenses (Part IX): $8,584,062
Management and general expenses: $1,349,425
Fundraising expenses: $598,900
Program service expenses (Part III): $8,584,062

Program services were 81.5% 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

$1,096,907
1e · Government grants (contributions)

$149,589
1f · All other contributions, gifts and grants

$1,226,273
1g · Noncash contributions included above

$31,903
2a · Program service revenue: TUITION AND FEES

total $6,441,276 · related or exempt $6,441,276
2b · Program service revenue: SUMMER CAMP

total $356,869 · related or exempt $356,869
2c · Program service revenue: STUDENT ACTIVITIES

total $235,917 · related or exempt $235,917
2d · Program service revenue: RAIDERS ZONE

total $212,658 · related or exempt $212,658
2e · Program service revenue: SWIMMING POOL

total $145,803 · related or exempt $145,803
2f · All other program service revenue

total $518,210 · related or exempt $518,210
3 · Investment income

total $195,239 · excluded $195,239
7a · Gross sales of assets other than inventory

other assets $3,013
7b · Less cost or other basis and sales expenses

other assets $0
7c · Gain or loss

other assets $3,013
7d · Net gain or loss

total $3,013 · excluded $3,013
8a · Fundraising events: gross income

$307,257
8a · Fundraising events: contributions included on line 1c

$1,096,907
8b · Fundraising events: direct expenses

$232,056
8c · Net income from fundraising events

total $75,201 · excluded $75,201
9a · Gaming: gross income

$41,150
9b · Gaming: direct expenses

$14,812
9c · Net income from gaming

total $26,338 · excluded $26,338
11a · Other revenue: OTHER REVENUE

total $30,481 · related or exempt $30,481
11e · Other revenue, total

$30,481

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $483,134 · program services $124,913 · management and general $211,505 · fundraising $146,716
7 · Other salaries and wages

total $5,510,697 · program services $4,802,375 · management and general $400,047 · fundraising $308,275
8 · Pension plan contributions

total $197,287 · program services $172,165 · management and general $15,186 · fundraising $9,936
9 · Other employee benefits

total $407,679 · program services $377,645 · management and general $7,072 · fundraising $22,962
10 · Payroll taxes

total $410,406 · program services $338,663 · management and general $41,038 · fundraising $30,705
11b · Fees: legal

total $3,918 · management and general $3,918
11c · Fees: accounting

total $52,139 · management and general $52,139
11f · Fees: investment management

total $16,080 · management and general $16,080
11g · Fees: other

total $224,354 · program services $90,423 · management and general $109,948 · fundraising $23,983
12 · Advertising and promotion

total $119,470 · program services $119,470
13 · Office expenses

total $282,844 · program services $63,107 · management and general $189,111 · fundraising $30,626
14 · Information technology

total $313,580 · program services $185,724 · management and general $127,856
16 · Occupancy

total $507,382 · program services $461,718 · management and general $35,517 · fundraising $10,147
17 · Travel

total $4,304 · program services $4,304
20 · Interest

total $306 · management and general $306
22 · Depreciation, depletion and amortization

total $261,552 · program services $238,012 · management and general $18,309 · fundraising $5,231
23 · Insurance

total $109,987 · program services $84,339 · management and general $22,765 · fundraising $2,883
24a · Other expenses: EDUCATIONAL SERVICES

total $909,776 · program services $909,776
24b · Other expenses: FOOD PROGRAM

total $458,430 · program services $458,430
24c · Other expenses: PROFESSIONAL DEVELOPMEN

total $72,180 · program services $47,382 · management and general $17,362 · fundraising $7,436
24d · Other expenses: DUES & SUBSCRIPTIONS

total $70,771 · program services $43,045 · management and general $27,726
24e · All other expenses

total $116,111 · program services $62,571 · management and general $53,540

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,929,518 · end of year $1,393,072
2 · Savings and temporary cash investments

beginning of year $1,341,161 · end of year $2,037,897
3 · Pledges and grants receivable

beginning of year $133,913 · end of year $22,948
4 · Accounts receivable

beginning of year $538,728 · end of year $407,541
8 · Inventories for sale or use

beginning of year $7,335 · end of year $11,923
9 · Prepaid expenses and deferred charges

beginning of year $180,355 · end of year $248,990
10a · Land, buildings and equipment: cost or other basis

$21,193,886
10b · Land, buildings and equipment: accumulated depreciation

$10,627,490
10c · Land, buildings and equipment, net

beginning of year $10,167,841 · end of year $10,566,396
11 · Investments: publicly traded securities

beginning of year $9,341,159 · end of year $10,950,608
17 · Accounts payable and accrued expenses

beginning of year $861,320 · end of year $1,071,663
19 · Deferred revenue

beginning of year $1,022,456 · end of year $931,493
25 · Other liabilities

beginning of year $54,364 · end of year $137,151
27 · Net assets without donor restrictions

beginning of year $13,731,571 · end of year $14,092,618
28 · Net assets with donor restrictions

beginning of year $7,970,299 · end of year $9,406,450

Mission and programs · 2022

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 $5,513,175 · Revenue $6,441,276
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 $1,191,899 · Revenue $1,233,540
STUDENT ACTIVITIES - EXTRACURRICULAR EDUCATIONAL DEVELOPMENT EXPERIENCES (E.G. FINE ARTS, ATHLETICS, SPEECH, ROBOTICS, ETC.) THAT SUPPORT AND ENHANCE INSTRUCTIONAL LEARNING.

Expenses $591,571 · Revenue $235,917
OTHER PROGRAM SERVICES INCLUDE STUDENT RECRUITMENT AND INSURANCE, UTILITIES AND MAINTENANCE OF BUILDINGS USED FOR PROGRAM SERVICES.

Expenses $1,287,417 · Revenue $30,481

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

LAURA CROSBY

CHAIR

Total calculated

$0

Hours/week

1 + 0.25 related
CHRISTOPHER R HEDICAN

VICE CHAIR

Total calculated

$0

Hours/week

1
GERALD REIMER

TREASURER

Total calculated

$0

Hours/week

1 + 0.25 related
MEGAN BELCHER

SECRETARY

Total calculated

$0

Hours/week

1 + 1 related
JOHN KOTOUC

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
MARC DUBOIS

TRUSTEE

Total calculated

$0

Hours/week

1
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
DAVID WELCH

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
SHERRYE L HUTCHERSON

TRUSTEE

Total calculated

$0

Hours/week

1
DR PIRZADA SATTAR

TRUSTEE

Total calculated

$0

Hours/week

1
LORI SCOTT

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
DR GALE ETHERTON

TRUSTEE

Total calculated

$0

Hours/week

1
DR SHIKHAR SAXENA

TRUSTEE

Total calculated

$0

Hours/week

1
CORRIE SHUMAKER

TRUSTEE

Total calculated

$0

Hours/week

1
DR KRISTI GIBBS

HEAD OF SCHOOL

Total calculated

$293,096

From this org

$249,153

From related orgs

$0

Other

$43,943

Hours/week

40

Schedule J breakdown matched by us

Base

$215,805

Bonus

$24,300

Other

$9,048

Deferred

$12,051

Nontaxable benefits

$31,892

Filer's total

$293,096
SHARI JENSEN

EXEC DIR. OF BUSINESS AND FINANCE

Total calculated

$154,835

From this org

$122,746

From related orgs

$0

Other

$32,089

Hours/week

40

Schedule J breakdown matched by us

Base

$122,583

Bonus

$25

Other

$138

Deferred

$7,300

Nontaxable benefits

$24,789

Filer's total

$154,835
SHANNON GILROY

VP OF ADVANCEMENT

Total calculated

$176,925

From this org

$157,356

From related orgs

$0

Other

$19,569

Hours/week

40

Schedule J breakdown matched by us

Base

$138,920

Bonus

$18,376

Other

$60

Deferred

$7,739

Nontaxable benefits

$11,830

Filer's total

$176,925
DR CRYSTAL VAUGHT

ASSISTANT HEAD OF ACADEMICS

Total calculated

$146,539

From this org

$113,267

From related orgs

$0

Other

$33,272

Hours/week

40

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
7 · Other non-fixed payments

Answered no

4a · Severance or change-of-control payment
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 7: THE HEAD OF SCHOOLS 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: 2022
Filed: 13 May 2024
IRS schema version: 2022v5.0
Source object: 202431359349304413

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

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