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Nonprofiteer
← BRUNSWICK SCHOOL INC

Form 990 for tax year 2023

Filed by BRUNSWICK SCHOOL INC.

Totals

Total revenue
$90,147,841
Total expenses
$70,769,248
Contributions and grants received
$22,799,057
Grants paid
$9,646,487
Program service revenue
$54,839,006
Investment income
$11,801,499
Other revenue
$708,279
Total assets, end of year
$483,518,284
Total liabilities, end of year
$87,175,459
Net assets or fund balances, end of year
$396,342,825
Program services expenses (Part IX)
$57,545,656
Management and general expenses
$9,199,178
Fundraising expenses
$4,024,414
Program service expenses (Part III)
$57,545,656

Program services were 81.3% 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

    $368,103

  • 1f · All other contributions, gifts and grants

    $22,430,954

  • 1g · Noncash contributions included above

    $3,179,273

  • 2a · Program service revenue: STUDENT TUITION

    total $52,848,850 · related or exempt $52,848,850

  • 2b · Program service revenue: SUMMER & AFTER SCHOOL PROGRAMS

    total $1,376,499 · related or exempt $1,376,499

  • 2c · Program service revenue: STUDENT ACTIVITY FEES

    total $613,657 · related or exempt $613,657

  • 3 · Investment income

    total $4,304,403 · unrelated business -$28,506 · excluded $4,332,909

  • 6a · Gross rents

    real property $1,180,069

  • 6b · Less rental expenses

    real property $1,291,134

  • 6c · Rental income or loss

    real property -$111,065

  • 6d · Net rental income or loss

    total -$111,065 · excluded -$111,065

  • 7a · Gross sales of assets other than inventory

    securities $33,040,524

  • 7b · Less cost or other basis and sales expenses

    securities $25,543,428

  • 7c · Gain or loss

    securities $7,497,096

  • 7d · Net gain or loss

    total $7,497,096 · unrelated business -$1 · excluded $7,497,097

  • 8a · Fundraising events: gross income

    $948,237

  • 8a · Fundraising events: contributions included on line 1c

    $368,103

  • 8b · Fundraising events: direct expenses

    $628,369

  • 8c · Net income from fundraising events

    total $319,868 · excluded $319,868

  • 10a · Gross sales of inventory

    $1,153,955

  • 10b · Cost of goods sold

    $678,865

  • 10c · Net income from sales of inventory

    total $475,090 · related or exempt $475,090

  • 11a · Other revenue: OTHER REVENUE

    total $24,386 · excluded $24,386

  • 11e · Other revenue, total

    $24,386

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,646,487 · program services $9,646,487

  • 5 · Compensation of officers, directors and key employees

    total $2,416,675 · program services $826,327 · management and general $1,226,324 · fundraising $364,024

  • 6 · Compensation of disqualified persons

    total $157,800 · program services $121,433 · management and general $25,180 · fundraising $11,187

  • 7 · Other salaries and wages

    total $27,489,306 · program services $22,138,976 · management and general $3,585,091 · fundraising $1,765,239

  • 8 · Pension plan contributions

    total $1,921,824 · program services $1,478,914 · management and general $306,659 · fundraising $136,251

  • 9 · Other employee benefits

    total $4,221,383 · program services $3,296,957 · management and general $634,178 · fundraising $290,248

  • 10 · Payroll taxes

    total $2,191,341 · program services $1,686,318 · management and general $349,665 · fundraising $155,358

  • 11b · Fees: legal

    total $197,888 · management and general $197,888

  • 11c · Fees: accounting

    total $168,492 · program services $4,375 · management and general $164,117

  • 11f · Fees: investment management

    total $305,000 · management and general $305,000

  • 11g · Fees: other

    total $2,256,666 · program services $1,093,301 · management and general $293,741 · fundraising $869,624

  • 12 · Advertising and promotion

    total $38,944 · program services $23,730 · fundraising $15,214

  • 13 · Office expenses

    total $485,488 · program services $81,088 · management and general $315,733 · fundraising $88,667

  • 14 · Information technology

    total $619,665 · management and general $389,942 · fundraising $229,723

  • 16 · Occupancy

    total $2,945,020 · program services $2,923,792 · management and general $17,912 · fundraising $3,316

  • 17 · Travel

    total $9,481 · management and general $501 · fundraising $8,980

  • 20 · Interest

    total $163,242 · program services $163,242

  • 22 · Depreciation, depletion and amortization

    total $7,717,483 · program services $7,455,506 · management and general $178,372 · fundraising $83,605

  • 23 · Insurance

    total $758,230 · management and general $758,230

  • 24a · Other expenses: BLDG MAINT & CONTRACTS

    total $2,644,247 · program services $2,625,187 · management and general $16,082 · fundraising $2,978

  • 24b · Other expenses: STUDENT FOOD SERVICES

    total $2,549,623 · program services $2,549,623

  • 24c · Other expenses: EDUCATIONAL SUPPLIES

    total $1,429,605 · program services $1,429,605

  • 24d · Other expenses: FINANCING COSTS

    total $435,358 · program services $795 · management and general $434,563

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $663,397 · end of year $745,406

  • 2 · Savings and temporary cash investments

    beginning of year $59,550,857 · end of year $72,043,118

  • 3 · Pledges and grants receivable

    beginning of year $11,342,681 · end of year $13,770,792

  • 4 · Accounts receivable

    beginning of year $592,436 · end of year $849,620

  • 8 · Inventories for sale or use

    beginning of year $138,387 · end of year $138,387

  • 9 · Prepaid expenses and deferred charges

    beginning of year $666,307 · end of year $846,331

  • 10a · Land, buildings and equipment: cost or other basis

    $335,321,287

  • 10b · Land, buildings and equipment: accumulated depreciation

    $115,854,994

  • 10c · Land, buildings and equipment, net

    beginning of year $183,371,617 · end of year $219,466,293

  • 11 · Investments: publicly traded securities

    beginning of year $41,349,515 · end of year $41,897,437

  • 12 · Investments: other securities

    beginning of year $126,871,689 · end of year $124,949,898

  • 15 · Other assets

    beginning of year $97,052 · end of year $8,811,002

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,821,721 · end of year $12,890,819

  • 19 · Deferred revenue

    beginning of year $25,315,328 · end of year $24,771,038

  • 20 · Tax-exempt bond liabilities

    beginning of year $22,280,067 · end of year $49,312,911

  • 25 · Other liabilities

    beginning of year $200,691 · end of year $200,691

  • 27 · Net assets without donor restrictions

    beginning of year $257,491,057 · end of year $263,556,918

  • 28 · Net assets with donor restrictions

    beginning of year $111,535,074 · end of year $132,785,907

Mission and programs · 2023

Mission

BRUNSWICK SCHOOL, INC. IS A DAY SCHOOL FOR BOYS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE. THE PURPOSE OF THE SCHOOL IS TO EDUCATE THE "WHOLE BOY". IT DOES SO BY HELPING BOYS AND YOUNG MEN - WITHOUT REGARD TO CULTURE, ETHNICITY OR RELIGION - ACQUIRE THE PERSONAL, INTELLECTUAL AND PHYSICAL TRAINING THAT WILL BEST ENABLE THEM TO GROW INTO RESPONSIBLE ADULTS WHO CAN MAKE SIGNIFICANT AND LASTING CONTRIBUTIONS TO SOCIETY. SINCE 1902, BRUNSWICK SCHOOL HAS BEEN, IN THE WORDS OF GEORGE CARMICHAEL, ITS FOUNDER, "ABLY AND GENEROUSLY PREPARING BOYS FOR LIFE."

Activities or mission (Part I)

BRUNSWICK IS AN INDEPENDENT COLLEGE-PREPARATORY DAY SCHOOL FOR BOYS IN GRADES PRE-K THROUGH 12. STUDENTS SUCCEED BY ANNUALLY ADVANCING MATRICULATION, CULMINATING WITH A 100% PLACEMENT RECORD FOR SENIOR BOYS AT NATIONALLY RECOGNIZED, HIGHLY COMPETITIVE COLLEGES AND UNIVERSITIES. BRUNSWICK SCHOOL HOLDS LONG-STANDING ACCREDITATION BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES.

  • EDUCATION PROGRAM EXPENSES SUPPORT THE OVER 1,000 STUDENTS WHO MATRICULATED FROM PRE-KINDERGARTEN THROUGH GRADE 12 DURING THE YEAR. OUR STUDENTS LEARN AT OUR CENTRAL GREENWICH CAMPUS ALONG WITH TWO MORE SUBURBAN GREENWICH CAMPUSES. OVER 250 FACULTY, ADMINISTRATORS AND SCHOOL STAFF SUPPORT THE EDUCATION OF THE WHOLE BOY IN KEEPING WITH THE SCHOOL'S PURPOSE.

    Expenses $45,982,030 · Grants $9,646,487 · Revenue $50,076,306

  • ATHLETICS ARE AN ESSENTIAL PART OF THE SCHOOL'S MISSION OF EDUCATING THE WHOLE BOY AND ALL OF OUR BOYS PARTICIPATE IN ATHLETIC AND GOOD SPORTSMANSHIP ENDEAVORS DURING THE ACADEMIC DAY. BOYS IN GRADES 7 AND ABOVE PARTICIPATE IN INTERSCHOLASTIC COMPETITIONS AFTER-SCHOOL. FITNESS AND MANY SPORTS ARE SUPPORTED AT THE SUBURBAN GREENWICH CAMPUSES, WHICH INCLUDE A HOCKEY RINK, A NATATORIUM, A SQUASH FACILITY, TENNIS COURTS, A TRACK AND FIELD FACILITY AND INDOOR GYMS AND MANY NATURAL GRASS AND SYNTHETIC FIELDS WITH ORGANIC INFILL. A BOATHOUSE THAT SUPPORTS THE SCHOOL'S CREW PROGRAM IS SITUATED ALONG THE BYRAM RIVER IN GREENWICH. THE SAILING PROGRAM IS RUN ALONG THE LONG-ISLAND SOUND.

    Expenses $6,325,836

  • STUDENT SERVICES INCLUDE THE EFFORTS MADE BY THE FOLLOWING DEPARTMENTS: COLLEGE GUIDANCE, HEALTH AND WELLNESS, EXPERIENTIAL LEARNING, AFTER-SCHOOL AND SUMMER PROGRAMMING, STUDENT TRANSPORTATION AND THE BOOKSTORE. THESE DEPARTMENTS COMPLETE AND SUPPORT THE LEARNING OUTSIDE THE TRADITIONAL CLASSROOM AND BEYOND THE ACADEMIC YEAR. FACULTY ALONG WITH OTHER PROFESSIONALS ENCOURAGE AND PROVIDE OPPORTUNITIES FOR BRUNSWICK BOYS TO DEVELOP THE CREATIVE AND INDEPENDENT QUALITIES OF MIND NECESSARY FOR INTELLECTUAL MATURITY AND INCREASED SELF-CONFIDENCE.

    Expenses $5,237,790 · Revenue $5,237,790

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mr W Robert Berkley Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    8

  • Ms Nisha Kumar Behringer

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Mr B Cort Delany

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Mrs Kimberley C Augustine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Josyl L Barchue

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Raymond J Bartoszek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Peter P Bevacqua

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Todd L Boehly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Sean D Carney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Christopher L Collins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr R Willett Cook

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Scott A Dahnke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Alberto J Delgado

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Adam B Dolder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms Colleen M Ferguson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Patrick J Fels

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mrs Leslie F Foley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms Darby B Fox

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Brandon P Hall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mrs Pamela K Keller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mrs Jennifer A Klein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mrs Angela M Michalik

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Americo C Nardis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Timothy P O'Hara

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Keith A Pagnani

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr John S Pavelski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr James H Ritman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms Wendy E Sachs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mrs Carrie Reilly Walsh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Thomas B Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Thomas W Philip

    HEAD OF SCHOOL

    Total calculated
    $1,975,914
    From this org
    $1,336,940
    From related orgs
    $0
    Other
    $638,974
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $399,235
    Bonus
    $418,000
    Other
    $519,705
    Deferred
    $458,933
    Nontaxable benefits
    $180,041
    Filer's total
    $1,975,914

  • Ms Kathleen Harrington

    CHIEF FINANCIAL OFFICER

    Total calculated
    $1,037,559
    From this org
    $861,944
    From related orgs
    $0
    Other
    $175,615
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $259,172
    Bonus
    $90,000
    Other
    $512,772
    Deferred
    $110,427
    Nontaxable benefits
    $65,188
    Filer's total
    $1,037,559

  • Mr Thomas Murray

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $415,968
    From this org
    $340,030
    From related orgs
    $0
    Other
    $75,938
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $256,761
    Bonus
    $65,000
    Other
    $18,269
    Deferred
    $35,242
    Nontaxable benefits
    $40,696
    Filer's total
    $415,968

  • Mr David Bruce Dir Of Ms

    ADMISSION & DIR. OF FIN. AID

    Total calculated
    $384,886
    From this org
    $240,224
    From related orgs
    $0
    Other
    $144,662
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,089
    Bonus
    $0
    Other
    $76,135
    Deferred
    $19,387
    Nontaxable benefits
    $125,275
    Filer's total
    $384,886

  • Mr Aaron Montgomery

    MATH TEACHER & SWIM PROGRAM

    Total calculated
    $279,837
    From this org
    $220,317
    From related orgs
    $0
    Other
    $59,520
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,227
    Bonus
    $0
    Other
    $77,090
    Deferred
    $20,286
    Nontaxable benefits
    $39,234
    Filer's total
    $279,837

  • Mr T Michael Allwood

    MATH DEPARTMENT CHAIR

    Total calculated
    $281,530
    From this org
    $227,815
    From related orgs
    $0
    Other
    $53,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,161
    Bonus
    $0
    Other
    $78,654
    Deferred
    $35,480
    Nontaxable benefits
    $18,235
    Filer's total
    $281,530

  • Mr Cedric Jones

    DIRECTOR OF ATHLETICS

    Total calculated
    $364,139
    From this org
    $264,603
    From related orgs
    $0
    Other
    $99,536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,908
    Bonus
    $0
    Other
    $41,695
    Deferred
    $11,858
    Nontaxable benefits
    $87,678
    Filer's total
    $364,139

  • Mr Karl Patrick Andren

    CHIEF OPERATING OFFICER

    Total calculated
    $445,827
    From this org
    $311,313
    From related orgs
    $0
    Other
    $134,514
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,370
    Bonus
    $0
    Other
    $81,943
    Deferred
    $12,199
    Nontaxable benefits
    $122,315
    Filer's total
    $445,827

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 1A
HOUSING BENEFITS PROVIDED TO THE HEAD OF SCHOOL AND CHIEF FINANCIAL OFFICER ARE TREATED AS NON-TAXABLE COMPENSATION UNDER INTERNAL REVENUE CODE SECTION 119. THESE PERSONS ARE REQUIRED TO LIVE ON SCHOOL PREMISES AS A CONDITION OF THEIR EMPLOYMENT, AND THE HOUSING BENEFITS ARE PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER. THE AMOUNTS ARE INCLUDED IN PART II, COLUMN (D). - THOMAS PHILIP - $130,000. - KATHLEEN HARRINGTON - $33,000 HOUSING BENEFITS PROVIDED TO THE FOLLOWING REPORTED EMPLOYEES ARE TREATED AS TAXABLE COMPENSATION. THE AMOUNTS ARE INCLUDED IN PART II, COLUMN B(III). - DAVID BRUCE - $17,538 - AARON MONTGOMERY- $12,472 - THOMAS MURRAY - $18,000 - CEDRIC JONES - $40,923 - KARL PATRICK ANDREN - $18,000
PART I, LINE 4B
THOMAS PHILIP, KATHLEEN HARRINGTON, AND T. MICHAEL ALLWOOD PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. EMPLOYER CONTRIBUTIONS TO THIS PLAN ARE LISTED BELOW, AND ARE INCLUDED IN PART II, COLUMN C: THOMAS PHILIP - $416,033 KATHLEEN HARRINGTON - $75,000 T. MICHAEL ALLWOOD - $15,000 THOMAS W. PHILIP RECEIVED A VESTED DISTRIBUTION FROM THE PLAN IN THE AMOUNT OF $518,933. THIS AMOUNT IS INCLUDED IN PART II, COLUMN B(III), AS WELL AS REPORTED IN COLUMN (F) AS REPORTED AS DEFERRED COMPENSATION ON PRIOR FORM 990. KATHLEEN HARRINGTON RECEIVED A VESTED DISTRIBUTION FROM THE PLAN IN THE AMOUNT OF $512,000. THIS AMOUNT IS INCLUDED IN PART II, COLUMN B(III), AS WELL AS REPORTED IN COLUMN (F) AS REPORTED AS DEFERRED COMPENSATION ON PRIOR FORM 990.
PART I, LINE 7
THE ORGANIZATION PAID BONUSES IN 2023. THE BONUSES WERE DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, BASED UPON A REVIEW OF THEIR PERFORMANCES, AND WERE APPROVED BY THE COMMITTEE PRIOR TO THEIR AWARD.
SCHEDULE J, PART II COLUMN D:
NONTAXABLE BENEFITS REPORTED IN COLUMN (E) INCLUDE CONTRIBUTIONS TO EMPLOYEE HEALTH, RETIREMENT AND OTHER BENEFIT PLANS FOR ALL EMPLOYEES, AND TUITION BENEFITS FOR EMPLOYEES WITH CHILDREN ATTENDING THE SCHOOL AND/OR GREENWICH ACADEMY, ITS SISTER SCHOOL.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349317057

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