Bsi Inc
- Assets
- $10.4m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 127
- Location
- Alexandria, VA
- Founding
- 06/1985
- Data as of
- 08/2022
- EIN
- 23-2261841
Organization Overview
Bsi Inc, operating under the name Browne Academy, is located in Alexandria, VA. The organization was established in 1985. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 08/2022, Browne Academy employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Browne 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 08/2022, Browne Academy generated $9.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $9.2m during the year ending 08/2022. While expenses have increased by 3.7% per year over the past 4 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
THE ACADEMY IS A PRE-KINDERGARTEN THROUGH GRADE EIGHT INDEPENDENT SCHOOL PREPARING GIRLS AND BOYS IN THE METROPOLITAN WASHINGTON, DC AREA FOR COMPETITIVE SECONDARY SCHOOLS. THE ACADEMY IS A DIVERSE INDEPENDENT DAY SCHOOL COMMITTED TO DEVELOPING THE WHOLE CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN UNWAVERING COMMITMENT TO ACADEMIC EXCELLENCE FORMS THE CORNERSTONE OF THE ACADEMY'S EDUCATIONAL PHILOSOPHY. THE SCHOOL ACHIEVES THIS COMMITMENT BY FOSTERING A PASSION FOR LIFELONG LEARNING AND BY CHANNELING THIS PASSION INTO A RIGOROUS EDUCATIONAL PROGRAM. A COMPREHENSIVE AND CHALLENGING CURRICULUM PROVIDES THE ESSENTIAL FOUNDATION FOR EACH STUDENT'S (211 STUDENTS) FUTURE ACADEMIC SUCCESS, PHYSICAL GROWTH AND EMOTIONAL DEVELOPMENT. THIS CURRICULUM IS DESIGNED TO PROMOTE STUDENT EXCELLENCE WITHIN AND ACROSS EACH OF THE FOLLOWING DISCIPLINES: ENGLISH (LANGUAGE ARTS AND READING), MATHEMATICS, SCIENCE, WORLD LANGUAGES, SOCIAL STUDIES AND HISTORY, FINE ARTS, TECHNOLOGY, AND PHYSICAL EDUCATION. THE ACADEMY OFFERS A WIDE VARIETY OF EXTRACURRICULAR ACTIVITIES RANGING FROM SPORTS (SOCCER, BASKETBALL, AND SOFTBALL) TO THE FINE ARTS (DRAMA, ART, AND MUSIC LESSONS). EACH TRIMESTER THE ACADEMY OFFERS NEW EXTRACURRICULAR OPPORTUNITIES THROUGH THE EXTENDED DAY PROGRAM WHICH OFFERS SERVICES FROM 7:00 TO 8:00 AM AND 3:15 TO 6:00 PM.
THE ACADEMY ALSO OFFERS A SUMMER CAMP FOR EIGHT WEEKS THROUGHOUT THE SUMMER THAT OPERATES ON THE ENTIRE 11 ACRE CAMPUS (APPROXIMATELY 480 STUDENTS). CAMP ATTENDEES ARE OFFERED VARIOUS EDUCATIONAL ACTIVITIES THAT ARE DEDICATED TO PROVIDING A MEMORABLE EXPERIENCE FOR EVERY CAMPER IN A SAFE, FUN-FILLED AND CARING ENVIRONMENT THAT FOSTERS FRIENDSHIP AND MUTUAL RESPECT FOR ONE ANOTHER. CAMPS ARE ALSO OFFERED OVER THE WINTER HOLIDAY BREAK AND SPRING BREAK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Otey President/head Of School | Officer | 60 | $302,286 |
Ann Feeley-Leetz Treasurer/business Manager (until June 19, 2022) | Officer | 50 | $165,376 |
Mike Sasso Director Of Advancement & Institutional Growth | 40 | $104,268 | |
Bonita Lea Head Of Middle School/assistant Head Of School | 40 | $125,833 | |
Steve Marshall Director Of Enrollment And Auxillary Programs | 40 | $101,417 | |
Bryan Bonner Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $249,436 |
| Related organizations | $0 |
| Government grants | $1,013,264 |
| All other contributions, gifts, grants, and similar amounts not included above | $280,469 |
| Noncash contributions included in lines 1a–1f | $105,034 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,543,169 |
| Total Program Service Revenue | $8,329,942 |
| Investment income | $1,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$50,337 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,824,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,635,255 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $565,780 |
| Compensation of current officers, directors, key employees. | $393,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,638,055 |
| Pension plan accruals and contributions | $150,949 |
| Other employee benefits | $515,174 |
| Payroll taxes | $287,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,003 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $906 |
| Fees for services: Other | $26,311 |
| Advertising and promotion | $72,280 |
| Office expenses | $203,085 |
| Information technology | $171,715 |
| Royalties | $0 |
| Occupancy | $79,807 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $258,388 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $490,407 |
| Insurance | $70,134 |
| All other expenses | $52,313 |
| Total functional expenses | $9,196,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,881,153 |
| Savings and temporary cash investments | $551,862 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $158,933 |
| 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 | $201,187 |
| Net Land, buildings, and equipment | $7,471,397 |
| Investments—publicly traded securities | $92,178 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,491 |
| Total assets | $10,406,201 |
| Accounts payable and accrued expenses | $167,782 |
| Grants payable | $0 |
| Deferred revenue | $1,494,484 |
| 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 | $6,192,665 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,257 |
| Total liabilities | $7,910,188 |
| Net assets without donor restrictions | $2,222,112 |
| Net assets with donor restrictions | $273,901 |
| 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 | $10,406,201 |