Brookstone School Inc
- Assets
- $71.1m
- Revenue
- $16.0m
- Investments
- $3.9m
- Employees
- 317
- Location
- Columbus, GA
- Founding
- 11/1959
- Data as of
- 06/2023
- 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 06/2023, Brookstone School Inc employed 317 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 06/2023, Brookstone School Inc generated $16.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $18.6m during the year ending 06/2023. 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
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 830 STUDENTS THREE YEARS OF AGE THROUGH TWELFTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Frank Martin Lester Jr Head Of School | Officer | 40 | $286,870 |
Ms Laura C Einsel Assistant Head Of School For Finance And Operations | Officer | 40 | $158,899 |
Mr Garry Sullivan Assistant Head Of Upper School | Officer | 40 | $117,225 |
Mrs Javonne Stewart Head Of Intermediate School And Interim Head Of Lower School | Officer | 40 | $108,314 |
Mrs Bonnie Smith Learning Center Director And Assistant Head Of School | Officer | 40 | $114,038 |
Ransom Gillespie Athletic Director | Officer | 40 | $110,280 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
W H Partners Llc Lawn And Garden Services | 6/29/23 | $150,000 |
Brasfield And Gorrie Llc Construction | 6/29/23 | $3,796,769 |
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 | $1,720,622 |
| Noncash contributions included in lines 1a–1f | $423,870 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,720,622 |
| Total Program Service Revenue | $12,800,725 |
| Investment income | $1,021,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $282,481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,980,959 |
| 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. | $1,148,317 |
| Compensation of current officers, directors, key employees. | $465,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,682,777 |
| Pension plan accruals and contributions | $233,215 |
| Other employee benefits | $1,104,917 |
| Payroll taxes | $661,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,945 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125,438 |
| Fees for services: Other | $54,750 |
| Advertising and promotion | $32,653 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,181,592 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,843,656 |
| Insurance | $108,322 |
| All other expenses | $0 |
| Total functional expenses | $18,603,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,446 |
| Savings and temporary cash investments | $6,102,525 |
| Pledges and grants receivable | $1,715,499 |
| Accounts receivable, net | $89,456 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,090 |
| Inventories for sale or use | $351,808 |
| Prepaid expenses and deferred charges | $320,270 |
| Net Land, buildings, and equipment | $24,354,798 |
| Investments—publicly traded securities | $34,044,109 |
| Investments—other securities | $3,905,486 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $148,297 |
| Total assets | $71,051,784 |
| Accounts payable and accrued expenses | $1,062,905 |
| Grants payable | $0 |
| Deferred revenue | $4,467,345 |
| 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 | $1,424,927 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,955,177 |
| Net assets without donor restrictions | $33,457,538 |
| Net assets with donor restrictions | $30,639,069 |
| 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 | $71,051,784 |