Browning School
- Assets
- $160.0m
- Revenue
- $36.9m
- Investments
- $0.0
- Employees
- 186
- Location
- New York, NY
- Founding
- 06/1939
- Data as of
- 06/2023
- EIN
- 13-1623918
Organization Overview
Browning School is located in New York, NY. The organization was established in 1939. 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 06/2023, Browning School employed 186 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Browning 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 06/2023, Browning School generated $36.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $30.2m during the year ending 06/2023. While expenses have increased by 4.2% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A COLLEGE PREPARATORY SCHOOL FOR BOYS INSTILLING THE PURSUIT OF ACADEMIC EXCELLENCE, A LIFELONG LOVE OF LEARNING, THE BELIEF IN THE DIGNITY OF THE INDIVIDUAL, THE DEVELOPMENT OF PERSONAL INTEGRITY, AND A RESPONSIBILITY TO THE BROADER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTERED BOYS SCHOOL WITH GRADES FROM PRE-PRIMARY THROUGH FOURTH YEAR HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Botti Head Of School | OfficerTrustee | 40 | $973,662 |
Stephanie Hessler Trustee | Trustee | 2 | $0 |
Sandra Buergi Trustee | Trustee | 2 | $0 |
Kinjal Nicholls President. Parents Association | Trustee | 2 | $0 |
J Mocco Trustee | Trustee | 2 | $0 |
John M Liftin Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cater To You Inc Food Service | 6/29/23 | $874,182 |
40 E 62nd Condo Assoc Condo Related | 6/29/23 | $418,460 |
S9 Architecture Architect | 6/29/23 | $1,035,015 |
Exquisite Cleaning Corp Cleaning | 6/29/23 | $321,000 |
Zubatkin Owner Rep Owner Rep | 6/29/23 | $277,906 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $942,383 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,920,873 |
| Noncash contributions included in lines 1a–1f | $422,872 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,863,256 |
| Total Program Service Revenue | $24,701,299 |
| Investment income | $1,511,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $123,903 |
| Net Gain/Loss on Asset Sales | $3,661,558 |
| Net Income from Fundraising Events | -$1,485 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,859,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,916,610 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,011,052 |
| Compensation of current officers, directors, key employees. | $1,677,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,071,662 |
| Pension plan accruals and contributions | $478,035 |
| Other employee benefits | $1,948,994 |
| Payroll taxes | $916,108 |
| Fees for services: Management | $181,652 |
| Fees for services: Legal | $244,709 |
| Fees for services: Accounting | $37,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $154,434 |
| Information technology | $292,309 |
| Royalties | $0 |
| Occupancy | $1,242,614 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,431,261 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,013,556 |
| Insurance | $328,354 |
| All other expenses | $0 |
| Total functional expenses | $30,212,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,875,797 |
| Savings and temporary cash investments | $2,790,096 |
| Pledges and grants receivable | $5,712,669 |
| Accounts receivable, net | $302,388 |
| 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 | $571,426 |
| Net Land, buildings, and equipment | $34,083,927 |
| Investments—publicly traded securities | $59,641,177 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,038,162 |
| Total assets | $160,015,642 |
| Accounts payable and accrued expenses | $3,706,703 |
| Grants payable | $0 |
| Deferred revenue | $9,514,708 |
| Tax-exempt bond liabilities | $0 |
| 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 | $53,489,503 |
| Total liabilities | $66,710,914 |
| Net assets without donor restrictions | $52,786,218 |
| Net assets with donor restrictions | $40,518,510 |
| 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 | $160,015,642 |