Buckingham Browne And Nichols School
- Assets
- $253.6m
- Revenue
- $70.5m
- Investments
- $83.9m
- Employees
- 553
- Location
- Cambridge, MA
- Founding
- 08/1940
- Data as of
- 06/2022
- EIN
- 04-2103751
Organization Overview
Buckingham Browne And Nichols School is located in Cambridge, MA. The organization was established in 1940. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Buckingham Browne And Nichols School employed 553 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buckingham Browne And Nichols School 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, Buckingham Browne And Nichols School generated $70.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $63.2m during the year ending 06/2022. While expenses have increased by 3.8% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
BUCKINGHAM BROWNE & NICHOLS SCHOOL IS AN ALL GENDER DAY SCHOOL FOR CHILDREN GRADES PRE-KINDERGARTEN THROUGH TWELVE THAT STRIVES FOR THE PURSUIT OF EDUCATIONAL EXCELLENCE WHILE CELEBRATING THE DIVERSITY OF ITS COMMUNITY AND FOSTERING INTELLECTUAL CURIOSITY, CRITICAL THINKING AND A DEEP CONCERN AND RESPECT FOR OTHERS. STUDENTS: 1,037 TOTAL STUDENTS: 332 LOWER SCHOOL; 173 MIDDLE SCHOOL; 532 UPPER SCHOOL; 44% STUDENTS OF COLORTEACHING FACULTY: 161 TOTAL; 85% HAVE ADVANCED DEGREESFINANCIAL AID: 24% OF THE STUDENT BODY COLLEGE COUNSELING: 4 COUNSELORS AVAILABLE FOR GUIDANCECOLLEGE MATRICULATION: THE CLASS OF 2022 ENTERED APPROXIMATELY 71 DIFFERENT COLLEGES AND UNIVERSITIESBB&N'S COMMITMENT TO DIVERSITY IS INTEGRAL TO THE MISSION AND VISION OF THE SCHOOL. THE DIFFERENT PERSPECTIVES AND EXPERIENCES OF OUR STUDENTS DEFINE THE FABRIC OF OUR COMMUNITY. THESE MANY PERSPECTIVES AND EXPERIENCES CONTRIBUTE TO THE GROWTH OF THE INDIVIDUALS WHO CALL BB&N THEIR ALMA MATER AND SHAPE THE CLASSROOM AND EXTRACURRICULAR EXPERIENCES. TO HAVE AS CLASSMATES AND FRIENDS PEOPLE WHO ARE DIFFERENT FROM ONESELF, TO COME TO TRULY KNOW THE BACKGROUND, EXPERIENCES, AND BELIEFS OF A NEW FRIEND, IS TO LEARN MORE DEEPLY ABOUT ONESELF AND OUR WORLD. THERE IS NO MORE IMPORTANT ATTRIBUTE IN THE PREPARATION FOR GLOBAL CITIZENSHIP.IN ADDITION, NO AMOUNTS HAVE BEEN REFLECTED IN THE FORM 990 FOR MANY HOURS OF CONTRIBUTED SERVICES FROM VOLUNTEERS. HOWEVER, MANY INDIVIDUALS VOLUNTEER THEIR TIME AND PERFORM A VARIETY OF TASKS THAT ASSIST THE SCHOOL WITH ITS ACTIVITIES. THE VALUE OF THIS CONTRIBUTED TIME AND EFFORT IS NOT REFLECTED IN THE FORM 990. EACH YEAR OVER 200 BB&N ALUMNI/AE, PARENTS AND FRIENDS SUPPORT THE SCHOOL BY VOLUNTEERING THEIR TIME. THIS GENEROUS SUPPORT ALLOWS BB&N TO ACCOMPLISH MANY OF THE THINGS THAT SET IT APART FROM OTHER INDEPENDENT DAY SCHOOLS. WE ARE ABLE TO RETAIN THE MOST QUALIFIED AND DYNAMIC FACULTY, PROVIDE TREMENDOUS ART AND ATHLETIC PROGRAMS, MAINTAIN BEAUTIFUL GROUNDS AND BUILDINGS, AND PROVIDE FINANCIAL ASSISTANCE TO QUALIFIED STUDENTS.
BUCKINGHAM BROWNE & NICHOLS SCHOOL HOLDS A SUMMER CAMP FOR BOSTON AREA CHILDREN EACH SUMMER THAT PROVIDES MEMBERS OF THE SCHOOL AND LOCAL COMMUNITY WITH A HIGH QUALITY, AFFORDABLE OPTION TO EDUCATE AND ENTERTAIN THEIR CHILDREN DURING SUMMER VACATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jennifer P Price Head Of School | OfficerTrustee | 40 | $500,717 |
Jesse Sarzana Faculty Trustee | Trustee | 40 | $92,039 |
Leslie Ahlstrand Trustee | Trustee | 1 | $0 |
Jake Anderson-Bialis Trustee | Trustee | 1 | $0 |
Eliza Appleton Trustee | Trustee | 1 | $0 |
Carmen Arce-Bowen Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C&w Facility Services Maintenance | 6/29/22 | $708,044 |
Your Space Landscape & Construction Inc Landscape Construction | 6/29/22 | $554,926 |
James Sartori Electric Electrical Services | 6/29/22 | $307,521 |
Community Counseling Services Counseling Services | 6/29/22 | $336,000 |
Foley Hoag Llp Legal Services | 6/29/22 | $268,746 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,164,564 |
| Noncash contributions included in lines 1a–1f | $216,318 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,164,564 |
| Total Program Service Revenue | $55,229,514 |
| Investment income | $273,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,844,538 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,512,273 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,500 |
| Grants and other assistance to domestic individuals. | $9,910,643 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,867,409 |
| Compensation of current officers, directors, key employees. | $1,647,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,513,427 |
| Pension plan accruals and contributions | $2,330,126 |
| Other employee benefits | $3,828,023 |
| Payroll taxes | $2,024,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $219,539 |
| Fees for services: Accounting | $85,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $918,968 |
| Fees for services: Other | $2,647,460 |
| Advertising and promotion | $95,960 |
| Office expenses | $233,388 |
| Information technology | $1,106,693 |
| Royalties | $0 |
| Occupancy | $1,481,910 |
| Travel | $252,599 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $503,626 |
| Interest | $760,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,645,146 |
| Insurance | $306,431 |
| All other expenses | $1,342,938 |
| Total functional expenses | $63,220,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,097,262 |
| Savings and temporary cash investments | $167,177 |
| Pledges and grants receivable | $6,176,350 |
| Accounts receivable, net | $25,719,690 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $558,295 |
| Net Land, buildings, and equipment | $118,573,289 |
| Investments—publicly traded securities | $7,735,357 |
| Investments—other securities | $83,909,992 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,692,615 |
| Total assets | $253,630,027 |
| Accounts payable and accrued expenses | $6,074,210 |
| Grants payable | $0 |
| Deferred revenue | $45,843,752 |
| Tax-exempt bond liabilities | $29,895,574 |
| Escrow or custodial account liability | $0 |
| 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 | $200,731 |
| Total liabilities | $82,014,267 |
| Net assets without donor restrictions | $94,456,890 |
| Net assets with donor restrictions | $77,158,870 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $253,630,027 |