Brookstone School Inc
- Assets
- $71.0m
- Revenue
- $24.5m
- Investments
- $4.1m
- Employees
- 306
- Location
- Columbus, GA
- Founding
- 11/1959
- Data as of
- 06/2022
- EIN
- 58-6003670
Organization Overview
Brookstone School Inc is located in Columbus, GA. The organization was established in 1959. 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, Brookstone School Inc employed 306 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brookstone 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, Brookstone School Inc generated $24.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $17.9m during the year ending 06/2022. While expenses have increased by 1.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BROOKSTONE SCHOOL, INC IS A PRIVATE SCHOOL PROVIDING QUALITY EDUCATION TO PRE-KINDERGARTEN THROUGH TWELFTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SCHOOL - PROVIDING QUALITY EDUCATION AND RELATED ACTIVITIES AND AUXILIARY SERVICES TO APPROXIMATELY 825 STUDENTS THREE YEARS OF AGE THROUGH TWELFTH GRADE. THE ORGANIZATION RECOGNIZED CONTRIBUTIONS IN THE AMOUNT OF $2,500 FOR THE USE OF FACILITIES AND RELATED EXPENSES OF $2,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Frank Martin Lester Jr Head Of School | Officer | 40 | $273,311 |
Ms Laura C Einsel Assistant Head Of School For Finance And Operations | Officer | 40 | $143,145 |
Mr Garry Sullivan Assistant Head Of Upper School | Officer | 40 | $125,749 |
Mrs Javonne Stewart Head Of Intermediate School And Interim Head Of Lower School | Officer | 40 | $85,915 |
Mrs Bonnie Smith Learning Center Director | Officer | 40 | $82,231 |
Mrs Lee Lee James Vice Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
W H Partners Llc Lawn And Garden Services | 6/29/22 | $150,000 |
Joseph Watts Montgomery Consultant | 6/29/22 | $111,735 |
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 | $6,437,134 |
| Noncash contributions included in lines 1a–1f | $3,062,122 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,437,134 |
| Total Program Service Revenue | $12,752,612 |
| Investment income | $833,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,291,891 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,481,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,053,138 |
| Compensation of current officers, directors, key employees. | $441,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,378,792 |
| Pension plan accruals and contributions | $247,310 |
| Other employee benefits | $1,144,544 |
| Payroll taxes | $632,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,582 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $135,765 |
| Fees for services: Other | $54,370 |
| Advertising and promotion | $21,151 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,046,605 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,739 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,784,365 |
| Insurance | $120,347 |
| All other expenses | $0 |
| Total functional expenses | $17,873,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,446 |
| Savings and temporary cash investments | $7,735,032 |
| Pledges and grants receivable | $2,796,251 |
| Accounts receivable, net | $86,020 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,066,916 |
| Inventories for sale or use | $395,814 |
| Prepaid expenses and deferred charges | $156,491 |
| Net Land, buildings, and equipment | $19,581,410 |
| Investments—publicly traded securities | $31,437,678 |
| Investments—other securities | $4,077,333 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,697,115 |
| Total assets | $71,035,506 |
| Accounts payable and accrued expenses | $2,171,955 |
| Grants payable | $0 |
| Deferred revenue | $4,618,670 |
| 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 | $0 |
| Total liabilities | $6,790,625 |
| Net assets without donor restrictions | $32,707,560 |
| Net assets with donor restrictions | $31,537,321 |
| 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 | $71,035,506 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Brookstone School Inc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Hewitt Family Foundation Columbus, GA PURPOSE: ACADEMICS | $3,000 |
Elizabeth Fry And Dupont Kirven Foundation Inc Columbus, GA PURPOSE: EDUCATION | $2,500 |
Endowment Analysis
| Beg. Balance | $38,873,747 |
| Earnings | -$3,358,736 |
| Ending Balance | $35,515,011 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |
Wesleyan School Inc Peachtree Corners, GA | $136,567,654 | $38,199,935 |
Paideia School Incorporated Atlanta, GA | $78,987,802 | $31,795,237 |
Benjamin Private School Inc North Palm Beach, FL | $92,959,329 | $35,673,109 |