Brewster Academy
- Assets
- $85.6m
- Revenue
- $32.9m
- Investments
- $326.3k
- Employees
- 246
- Location
- Wolfeboro, NH
- Founding
- 06/1946
- Data as of
- 06/2022
- EIN
- 02-0223317
Organization Overview
Brewster Academy is located in Wolfeboro, NH. The organization was established in 1946. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Brewster Academy employed 246 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brewster Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Brewster Academy generated $32.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $27.9m during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION TO RESIDENTIAL AND DAY STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREWSTER ACADEMY IS A PRIVATE HIGH SCHOOL THAT ENROLLS BOTH BOARDING AND DAY STUDENTS. IN ADDITION TO A BROAD EDUCATIONAL CURRICULUM, THE SCHOOL PROVIDES AN EXTENSIVE ATHLETIC PROGRAM. THE BREWSTER PROGRAM IS DESIGNED TO MEET STUDENTS AT THEIR CURRENT LEVEL OF PERFORMANCE AND ACCELERATE THEM IN THEIR MASTERY OF SKILLS AND KNOWLEDGE, ENSURING THAT GRADUATES ARE PREPARED FOR THE CHALLENGES OF COLLEGE AND CAREERS AND THE SKILLS NEEDED FOR SUCCESS IN THE 21ST CENTURY.BREWSTER ACADEMY STRIVES TO PROVIDE AN APPROACH TO LEARNING THAT HAS THE EXPONENTIAL POWER TO TRANSFORM EDUCATION, COMMUNITIES, AND THE LIVES OF STUDENTS IN OUR CARE
THE SUMMER PROGRAM FEATURED EDUCATIONAL PROGRAMS AND CONFERENCES DURING THE SUMMER RECESS, INCLUDING ROYAL THAI SCHOLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Ballentine Chairman | OfficerTrustee | 3 | $0 |
Arthur W Coviello Jr Vice Chairman | OfficerTrustee | 3 | $0 |
Robert Mueller Treasurer | OfficerTrustee | 2 | $0 |
Carlos Noble Secretary | OfficerTrustee | 2 | $0 |
Brian Ballentine Trustee | Trustee | 2 | $0 |
Richard Blackburn Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Omada Technologies Llc Techonology Services | 6/29/23 | $116,065 |
Harvey Construction Corporation General Contractor | 6/29/23 | $3,430,593 |
Dawson's Excavation And Utility Services Excavation Services | 6/29/23 | $165,756 |
Dewing Schmid Kearns Architects & Planne Architectural Design | 6/29/23 | $231,373 |
Lakes Region Property Care Llc Landscaping Services | 6/29/23 | $140,465 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,504,714 |
| Investment income | $306,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$353,902 |
| Net Income from Fundraising Events | $8,197 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,925,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,299,925 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,067,596 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,075,892 |
| Pension plan accruals and contributions | $520,270 |
| Other employee benefits | $1,699,006 |
| Payroll taxes | $699,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $139,561 |
| Fees for services: Accounting | $50,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,443,359 |
| Advertising and promotion | $23,686 |
| Office expenses | $520,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,128,544 |
| Travel | $421,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $360,691 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,842,795 |
| Insurance | $316,513 |
| All other expenses | $0 |
| Total functional expenses | $27,872,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,616,681 |
| Savings and temporary cash investments | $15,696,442 |
| Pledges and grants receivable | $575,730 |
| Accounts receivable, net | $659,126 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,498 |
| Prepaid expenses and deferred charges | $245,660 |
| Investments—publicly traded securities | $10,798,873 |
| Investments—other securities | $326,291 |
| Investments—program-related | $0 |
| Intangible assets | $388,061 |
| Other assets | $8,999,949 |
| Total assets | $85,558,593 |
| Accounts payable and accrued expenses | $1,437,748 |
| Grants payable | $0 |
| Deferred revenue | $6,813,108 |
| Tax-exempt bond liabilities | $17,910,313 |
| Escrow or custodial account liability | $68,905 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $984,409 |
| Total liabilities | $27,214,483 |
| Net assets without donor restrictions | $33,422,573 |
| Net assets with donor restrictions | $24,921,537 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $58,344,110 |