Brunswick School Inc
- Assets
- $401.9m
- Revenue
- $76.9m
- Investments
- $124.2m
- Employees
- 363
- Location
- Greenwich, CT
- Founding
- 10/1934
- Data as of
- 06/2022
- EIN
- 06-0646562
Organization Overview
Brunswick School Inc is located in Greenwich, CT. The organization was established in 1934. 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, Brunswick School Inc employed 363 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brunswick School Inc 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, Brunswick School Inc generated $76.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $63.6m during the year ending 06/2022. While expenses have increased by 4.8% 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
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.
Describe the Organization's Program Activity:
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Thomas W Philip Head Of School | Officer | 70 | $1,015,754 |
Mr Thomas Murray Chief Advancement Officer | Officer | 55 | $370,716 |
Ms Kathleen Harrington Chief Financial Officer | Officer | 65 | $325,144 |
Mr Karl Patrick Andren Chief Operating Officer | 40 | $259,716 | |
Mr David Bruce Dir Of Ms Admission & Dir. Of Fin. Aid | 40 | $230,770 | |
Mr Douglas Burdett Director Of College Guidance | 40 | $195,876 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik Food Services | 6/29/22 | $4,316,220 |
Connor Contracting Inc Construction Management | 6/29/22 | $1,721,102 |
Corporate Cleaning Inc Cleaning Services | 6/29/22 | $722,674 |
Whitewater Inc Water Treatment | 6/29/22 | $722,185 |
Cic Health Llc Medical Testing Services | 6/29/22 | $580,105 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,000 |
| Membership dues | $0 |
| Fundraising events | $152,910 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,401,978 |
| Noncash contributions included in lines 1a–1f | $1,415,698 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,564,888 |
| Total Program Service Revenue | $48,684,220 |
| Investment income | $303,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,582 |
| Net Gain/Loss on Asset Sales | $8,733,509 |
| Net Income from Fundraising Events | $328,783 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $297,142 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,920,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,987,770 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,145,812 |
| Compensation of current officers, directors, key employees. | $1,446,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,247,779 |
| Pension plan accruals and contributions | $1,460,260 |
| Other employee benefits | $3,720,855 |
| Payroll taxes | $1,891,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $107,103 |
| Fees for services: Accounting | $90,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $385,000 |
| Fees for services: Other | $747,811 |
| Advertising and promotion | $16,537 |
| Office expenses | $566,868 |
| Information technology | $480,002 |
| Royalties | $0 |
| Occupancy | $1,814,688 |
| Travel | $588,469 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $953,319 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,617,894 |
| Insurance | $607,334 |
| All other expenses | $1,791,196 |
| Total functional expenses | $63,571,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,350,646 |
| Savings and temporary cash investments | $62,300,899 |
| Pledges and grants receivable | $9,954,024 |
| Accounts receivable, net | $325,419 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $142,571 |
| Prepaid expenses and deferred charges | $292,760 |
| Net Land, buildings, and equipment | $186,023,935 |
| Investments—publicly traded securities | $16,144,574 |
| Investments—other securities | $124,172,984 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $145,126 |
| Total assets | $401,852,938 |
| Accounts payable and accrued expenses | $6,868,147 |
| Grants payable | $0 |
| Deferred revenue | $22,589,132 |
| Tax-exempt bond liabilities | $24,190,000 |
| 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 | $1,182,287 |
| Total liabilities | $54,829,566 |
| Net assets without donor restrictions | $255,298,460 |
| Net assets with donor restrictions | $91,724,912 |
| 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 | $401,852,938 |