Brooks School
- Assets
- $203.5m
- Revenue
- $35.4m
- Investments
- $87.7m
- Employees
- 201
- Location
- North Andover, MA
- Founding
- 12/1930
- Data as of
- 06/2021
- EIN
- 04-2130844
Organization Overview
Brooks School is located in North Andover, MA. The organization was established in 1930. 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 06/2021, Brooks School employed 201 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooks 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 06/2021, Brooks School generated $35.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $33.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BROOKS SCHOOL IS A COLLEGE PREPARATORY SCHOOL THAT SEEKS TO PROVIDE THE MOST MEANINGFUL EDUCATIONAL EXPERIENCE OUR STUDENTS WILL HAVE IN THEIR LIVES.
Describe the Organization's Program Activity:
SECONDARY EDUCATION COLLEGE PREPARATORY SCHOOL FOR BOARDING AND DAY STUDENTS WITH EDUCATIONAL AND AUXILIARY SCHOOL ACTIVITIES.
SUMMER PROGRAMS: YOUTH-DEVELOPMENT FOCUSED SUMMER CAMP FOR APPROXIMATELY 300 CAMPERS PER WEEK FOR EIGHT WEEKS, AGES FOUR TO FOURTEEN. TEEN LEADERSHIP PROGRAM FOR APPROXIMATELY 70 TEENAGERS PER WEEK FOR EIGHT WEEKS. SIX-WEEK ACADEMIC SUMMER SCHOOL FOR STUDENTS IN GRADES SEVEN THROUGH TWELVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Packard Jr Head Of School | OfficerTrustee | 50 | $404,876 |
Paul Griffin Chief Financial Officer | Officer | 50 | $257,336 |
Gage Dobbins Dir. Of Institutional Advancement | 50 | $181,599 | |
Lawrence Callahan Director Of Communications | 50 | $138,629 | |
Elizabeth Martin Director Of Facilities And Planning | 50 | $131,713 | |
Jo-Ann Bevis Dir. Of Fin. Operations/controller | 50 | $131,364 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meriwether Godsey Food Services | 6/29/21 | $1,298,476 |
Cic Health Inc Covid Testing | 6/29/21 | $655,825 |
Mj Cataldo Inc Contractors | 6/29/21 | $889,754 |
Imperial Building Maintenance Inc Cleaning Services | 6/29/21 | $628,495 |
Architectural Resources Cambridge Inc Architects | 6/29/21 | $258,613 |
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 | $6,235,706 |
| Noncash contributions included in lines 1a–1f | $177,226 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,235,706 |
| Total Program Service Revenue | $22,328,883 |
| Investment income | $358,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,448,206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,492 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,395,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,196,251 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $749,893 |
| Compensation of current officers, directors, key employees. | $749,893 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,139,814 |
| Pension plan accruals and contributions | $1,014,033 |
| Other employee benefits | $1,594,029 |
| Payroll taxes | $651,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,394 |
| Fees for services: Accounting | $90,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $655,767 |
| Fees for services: Other | $1,537,082 |
| Advertising and promotion | $181,642 |
| Office expenses | $0 |
| Information technology | $243,980 |
| Royalties | $0 |
| Occupancy | $1,384,659 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,846 |
| Interest | $719,123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,745,274 |
| Insurance | $523,822 |
| All other expenses | $1,325,140 |
| Total functional expenses | $33,421,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,949,137 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,978,163 |
| Accounts receivable, net | $4,191 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,722,895 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $650,084 |
| Net Land, buildings, and equipment | $72,897,019 |
| Investments—publicly traded securities | $8,608,790 |
| Investments—other securities | $87,707,930 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,996,544 |
| Total assets | $203,514,753 |
| Accounts payable and accrued expenses | $1,850,986 |
| Grants payable | $0 |
| Deferred revenue | $18,073,607 |
| Tax-exempt bond liabilities | $28,454,959 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,654 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $841,626 |
| Total liabilities | $49,231,832 |
| Net assets without donor restrictions | $68,544,567 |
| Net assets with donor restrictions | $85,738,354 |
| 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 | $203,514,753 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Brooks School has recieved totaling $136,200.
| Awarding Organization | Amount |
|---|---|
Association Of Charles Evans Housing Foundation New York, NY PURPOSE: CHARITABLE GIVING | $100,000 |
Robbins Foundation Inc Watermill, NY PURPOSE: CHARITABLE CONTRIBUTION | $15,000 |
Josephine G Russell Trust Andover, MA PURPOSE: EDUCATION | $12,000 |
The Compass Fund 4737682 Kingston, NH PURPOSE: GENERAL SUPPORT | $6,000 |
Artemas W Stearns Tr Andover, MA PURPOSE: EDUCATION | $3,200 |
Endowment Analysis
| Beg. Balance | $80,128,010 |
| Earnings | $24,538,792 |
| Admin Expense | $655,767 |
| Net Contributions | $1,415,108 |
| Other Expense | $3,480,400 |
| Ending Balance | $101,945,743 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choate Rosemary Hall Foundation Incorporated Wallingford, CT | $824,930,363 | $80,573,016 |
Hotchkiss School Lakeville, CT | $832,226,197 | $135,336,667 |
St Pauls School Concord, NH | $908,168,263 | $117,316,597 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Taft School Corporation Watertown, CT | $447,949,060 | $83,525,324 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Loomis Institute Windsor, CT | $445,458,169 | $66,028,387 |
Noble And Greenough School Dedham, MA | $357,051,555 | $55,304,957 |
Pinkerton Academy Derry, NH | $88,400,593 | $52,612,732 |
Groton School Groton, MA | $519,152,774 | $50,710,312 |
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |
Hopkins School Incorporated New Haven, CT | $238,380,739 | $44,795,541 |