Civic Intelligence

The Brearley School

990 • Fiscal year 2017 • EIN 13-1623915

Jul 01, 2016 to Jun 30, 2017 • Filed on May 04, 2018

610 East 83rd StreetNY, NY 10028

(212) 744-8582

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.25x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

1.20x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Net Margin

89th percentile

33%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

46th percentile

$793,199

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

79th percentile

18%

Faster revenue growth than 79% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Assets

Up

$312,032,151

Up $30,005,440 (+11%) from 2016

Net Assets

Up

$233,347,654

Up $27,500,976 (+13%) from 2016

Liabilities

Up

$78,684,497

Up $2,504,464 (+3.3%) from 2016

Revenue

Up

$65,566,824

Up $10,041,411 (+18%) from 2016

Expenses

Up

$43,885,960

Up $2,100,937 (+5.0%) from 2016

Net Income

Up

$21,680,864

Up $7,940,474 (+58%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $174,880,225Liabilities 2010: $22,896,634Net Assets 2010: $151,983,5912010Assets 2011: $193,359,954Liabilities 2011: $24,820,955Net Assets 2011: $168,538,9992011Assets 2012: $189,721,796Liabilities 2012: $24,719,475Net Assets 2012: $165,002,3212012Assets 2013: $200,259,797Liabilities 2013: $26,284,372Net Assets 2013: $173,975,4252013Assets 2014: $215,680,979Liabilities 2014: $25,110,631Net Assets 2014: $190,570,3482014Assets 2015: $233,914,129Liabilities 2015: $36,333,988Net Assets 2015: $197,580,1412015Assets 2016: $282,026,711Liabilities 2016: $76,180,033Net Assets 2016: $205,846,6782016Assets 2017: $312,032,151Liabilities 2017: $78,684,497Net Assets 2017: $233,347,6542017Assets 2018: $337,072,908Liabilities 2018: $83,830,793Net Assets 2018: $253,242,1152018Assets 2019: $342,806,374Liabilities 2019: $84,109,774Net Assets 2019: $258,696,6002019Assets 2020: $343,206,429Liabilities 2020: $82,220,624Net Assets 2020: $260,985,8052020Assets 2021: $371,332,515Liabilities 2021: $75,735,618Net Assets 2021: $295,596,8972021Assets 2022: $343,264,245Liabilities 2022: $77,828,700Net Assets 2022: $265,435,5452022Assets 2023: $360,152,883Liabilities 2023: $84,225,391Net Assets 2023: $275,927,4922023Assets 2024: $384,095,633Liabilities 2024: $82,500,132Net Assets 2024: $301,595,5012024

Highlighted filing

2017

Assets$312,032,151
Liabilities$78,684,497
Net Assets$233,347,654

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $34,976,6782010Expenses 2011: $34,041,6532011Expenses 2012: $36,324,5942012Revenue 2013: $35,131,110Expenses 2013: $38,265,384Net Income 2013: -$3,134,2742013Revenue 2014: $39,478,878Expenses 2014: $38,838,837Net Income 2014: $640,0412014Revenue 2015: $49,419,225Expenses 2015: $40,834,579Net Income 2015: $8,584,6462015Revenue 2016: $55,525,413Expenses 2016: $41,785,023Net Income 2016: $13,740,3902016Revenue 2017: $65,566,824Expenses 2017: $43,885,960Net Income 2017: $21,680,8642017Revenue 2018: $60,055,207Expenses 2018: $45,679,279Net Income 2018: $14,375,9282018Revenue 2019: $50,772,548Expenses 2019: $45,881,885Net Income 2019: $4,890,6632019Revenue 2020: $67,256,418Expenses 2020: $49,361,241Net Income 2020: $17,895,1772020Revenue 2021: $54,677,601Expenses 2021: $54,227,793Net Income 2021: $449,8082021Revenue 2022: $64,261,143Expenses 2022: $53,511,201Net Income 2022: $10,749,9422022Revenue 2023: $56,120,331Expenses 2023: $57,579,179Net Income 2023: -$1,458,8482023Revenue 2024: $68,188,291Expenses 2024: $61,985,395Net Income 2024: $6,202,8962024

Highlighted filing

2017

Revenue$65,566,824
Expenses$43,885,960
Net Income$21,680,864
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 4, 2018
Return Version
2016v3.1
Gross Receipts
$97,543,094
Mission and Program Overview

Mission

The brearley school is a private educational institution in new york city that provides a quality education to girls in grades k-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$104,405,750$101,973,131▼ $2,432,619
Land, Buildings, and Equipment, Net$76,193,936$85,793,887▲ $9,599,951
Savings and Temporary Cash Investments$58,681,861$60,604,163▲ $1,922,302
Investments in Publicly Traded Securities$20,423,257$29,084,785▲ $8,661,528
Pledges and Grants Receivable$16,881,205$24,358,559▲ $7,477,354
Accounts Receivable$4,355,793$4,734,416▲ $378,623
Prepaid Expenses and Deferred Charges$540,284$644,477▲ $104,193
Cash and Non-Interest-Bearing Accounts$1,998$2,420▲ $422
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$282,026,711$312,032,151▲ $30,005,440
Other Assets Total$542,627$4,836,313▲ $4,293,686
Liabilities
Mortgage Notes Payable Secured by Investment Property$48,663,031$48,708,740▲ $45,709
Deferred Revenue$20,188,838$22,011,506▲ $1,822,668
Accounts Payable and Accrued Expenses$4,584,523$5,672,338▲ $1,087,815
Other Liabilities$2,743,641$2,291,913▼ $451,728
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$76,180,033$78,684,497▲ $2,504,464
Net Assets / Fund Balance
Unrestricted Net Assets$128,527,926$137,514,595▲ $8,986,669
Permanently Rstr Net Assets$50,263,270$50,897,188▲ $633,918
Temporarily Rstr Net Assets$27,055,482$44,935,871▲ $17,880,389
Total Net Assets Fund Balance$205,846,678$233,347,654▲ $27,500,976
Total Liabilities and Net Assets / Fund Balance$282,026,711$312,032,151▲ $30,005,440

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,539,446$15,157,348$52,696,794
Leasehold Improvements$19,272,405$13,397,962$32,670,367
Land$28,052,870-$28,052,870
Equipment$929,166$4,927,689$5,856,855
Other Securities$17,759,330--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$55,989,595$336,918▲ $6,625,608$2,430,635$60,444,440
2015$56,741,583$2,311,089▼ $886,756$2,088,783$55,989,595
2014$56,387,817$929,510▲ $1,368,902$1,653,185$56,741,583
2013$51,792,071$269,533▲ $6,336,275$1,690,807$56,387,817
2012$47,011,749$870,858▲ $5,871,794$1,609,160$51,792,071
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jane Foley FriedHead of SchoolFT$584,313$208,886$793,199
Rahul TripathiCFO/COOFT$366,890$97,885$464,775
Anne BergenDirector of DevelopmentFT$269,026$33,630$302,656
Tammy ZazuriDirector of AthleticsFT$216,450$36,912$253,362
Evelyn Segal LiptonHead of Upper SchoolFT$207,010$36,894$243,904
James E MulkinAsst. Head for Academic LifeFT$198,059$35,698$233,757
Maria-anna ZimmermannHead of Lower SchoolFT$185,752$34,387$220,139
Carolyn ClarkDirector of College AdvisingFT$185,856$22,011$207,867

Highest Paid Contractors

ContractorServicesLocationCompensation
Ew HowellConstruction Manager245 NEWTON ROAD, Plainview, NY 11803, Ca$5,435,303
Kpmb ArchitectsArchitects135 NEW ROAD, Madison, CT 06443$3,118,647
Gorton PartnersConstruction Consult600 RYERSON ROAD, Lincoln Park, NJ 07035$465,599
Action GraphicsPublishing512 7TH AVENUE, New York, NY 10018$204,590
Ra ConsultantsConstruction Consult-$204,013
Revenue and Support

Revenue Composition

Contributions and Grants
$20,934,301
Program Service Revenue
$33,241,796
Investment Income
$10,926,838
Other Revenue
$463,889
All Other Contributions
$20,060,139
Change in Net Assets
$21,680,864

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded116$1,929,242Fair Market Value (FMV)
Total Noncash Contributions116$1,929,242-

Audited Revenue Reconciliation

Revenue per Audited Statements
$60,429,612
Revenue Not Reported on Financial Statements
$5,137,212
Revenue Not Reported on Form 990
$5,869,779
Other Revenue Adjustments
$4,723,335
Total Revenue per Audited Statements
$66,299,391
Total Revenue per Form 990
$65,566,824
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$26,995,721
Other Expenses$11,662,617
Grants and Similar Amounts Paid$5,195,947
Total Fundraising Expense$2,025,411
Professional Fundraising Fees$31,675

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,872,082$4,152,850$1,025,404$18,050,336
Grants to Domestic Individuals$5,195,947--$5,195,947
Other Employee Benefits$2,910,563$939,019$231,859$4,081,441
All Other Expenses$2,006,650$725,474$158,535$2,890,659
Pension Plan Contributions$1,279,298$412,733$101,910$1,793,941
Depreciation Depletion$1,204,056$388,458$95,916$1,688,430
Interest-$1,647,569-$1,647,569
Current Officers, Directors, Trustees, and Key Employees$1,143,665$368,975$91,106$1,603,746
Payroll Taxes$1,045,619$337,343$83,295$1,466,257
Occupancy$941,087$75,683-$1,016,770
Office Expenses$331,277$598,804$68,428$998,509
Information Technology$68,717$414,573-$483,290
Travel$394,804$49,783$11,325$455,912
Fees for Service Investment Mgmnt Fees-$413,877-$413,877
Fees for Services Other$75,584$214,035$43,854$333,473
Fees for Services Accounting-$103,360-$103,360
Conferences and Meetings$78,725$17,530$6,436$102,691
Advertising$13,110-$75,668$88,778
Other Expenses$226,004$87,427-$87,427
Fees for Services Legal-$50,364-$50,364
Fees for Services Professional Fundraising--$31,675$31,675
Total Functional Expenses$30,862,692$10,997,857$2,025,411$43,885,960

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$43,885,960
Expenses per Audited Statements$38,276,136
Total Expenses per Audited Statements$38,276,136
Expenses Not Reported on Financial Statements$5,609,824
Other Expense Adjustments$5,195,947
International Activity

International Summary

Spending
$19,362,552

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsNone--$12,101,635
East Asia and the PacificInvestmentsNone--$7,260,917
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$113,700
Fundraising Gross Income$113,700
Professional Fundraising Fees$31,675
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2017 Benefit$515,154$113,700$25,615$88,085
Total Events$515,154$113,700$113,700-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligation$1,458,567
Agency Funds$833,346
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Brearley School
EIN
13-1623915
In Care Of
% RAHUL TRIPATHI
Phone
2127448582
Address
610 EAST 83RD STREET, NY, NY 10028

Signing Officer

Name
Rahul Tripathi
Title
CFO/COO
Phone
2127448582
Signed
2018-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Foley Fried
Formed
1884
Legal Domicile
Ny
Voting Board Members
24
Independent Board Members
24
Employees
391
Volunteers
320

Preparer

Firm
EisnerAmper LLP
Address
750 Third Avenue, New York, NY 10017-2703
Preparer
Candice Meth
Phone
2129498700
Supplemental Narrative

Additional Explanations

Review of Form 990

Form 990, part vi, section b, line 11a management of the school reviews the draft of the form 990. Upon its satisfaction, the governing body has designated its audit committee with the responsibility of reviewing the form 990 and reporting its review to the members of the executive commitee of the board for approval. The approved version of the form 990 is distributed to the full board of trustees prior to its filing with the internal revenue service.

Monitoring of Conflict of Interest Policy

Form 990, part vi, section b, line 12c each member of the board of trustees and key members of management are required to sign an acknowledgement of compliance with the school's conflict of interest policy and to report any potential conflicts on an annual basis. This document is signed at the first board meeting of each year.

Determination of Compensation

Form 990, part vi, section b, lines 15a and 15b the compensation of the head of school is determined by the board of trustees using comparability data collected and kept by an independent consultant. The compensation of other officers and key employees of the school is determined through a review of data from comparable educational institutions and reviewed and approved by the board of trustees as a part of the overall budget process.

Availability of Governing Documents

Form 990, part vi, section c, line 19 the brearley school's governing documents and financial information, with the exception of its federal form 990, are not available to the public.

Form 990, Part XI, Line 9

Other changes in net assets or fund balances: change in value of split interest agreements $( 8,666) change in value of post-retirement benefits $ 481,278 loss on uncollectible pledges $( 522,279) ------------ total $( 49,667) ============

Financial Statement Notes

Form 990, Schedule D, Part V, Line 4

The endowment consists of 141 individual funds established for a variety of purposes designated by donors to be permanently restricted endowment funds.

Form 990, Schedule D, Part X, Line 2

The school is subject to the provisions of the financial accounting standards board's (the "fasb") accounting standards codification("asc") topic 740, income taxes, as it relates to accounting and reporting for uncertainty in income taxes. For the school, these provisions could be applicable to the incurrence of unrelated business income tax attributable to certain of the school's investments. However, due to the school's general tax-exempt status, management believes that asc topic 740 has not had, and is not expected to have, a material impact on the school's consolidated financial statements.

Form 990, Schedule D, Part XI, Line 4B

Change in post-retirement benefit obligation $( 481,278) change in value of split interest agreements 8,666 scholarships netted against revenue for financial statement reporting purposes 5,195,947 ----------- total $ 4,723,335 ===========

Form 990, Schedule D, Part XII, Line 4B

Scholarships netted against revenue for financial reporting purposes of $5,195,947.

Raw XML AppendixShowing 400 of 1,080 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE BREARLEY SCHOOL CHALLENGES GIRLS OF ADVENTUROUS INTELLECT TO THINK CRITICALLY AND CREATIVELY AND PREPARES THEM FOR ACTIVE, RESPONSIBLE CITIZENSHIP IN A DEMOCRATIC SOCIETY. WITHIN A DIVERSE COMMUNITY AND IN PARTNERSHIP WITH DEDICATED FACULTY WHO TEACH ACROSS THREE DIVISIONS, STUDENTS IN CLASSES K THROUGH XII DEVELOP A COMMAND OF MANY DISCIPLINES AND A LOVE OF LEARNING THROUGH THE PASSIONATE EXCHANGE OF IDEAS. ENCOURAGING GIRLS TO BALANCE INDIVIDUALITY AND COLLABORATION FURTHER PROMOTES THE INTEGRITY ESSENTIAL TO PRINCIPLED ENGAGEMENT IN THE WORLD. THE TOTAL PROGRAM SERVICE REVENUE AND EXPENSES REPRESENTS THE COSTS ASSOCIATED WITH THE INSTRUCTION AND RELATED AUXILIARY PROGRAMS OF 712 STUDENTS FOR THE ACADEMIC YEAR ENDED JUNE 30, 2017.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt25CFO/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR OF ATHLETICS
IRS990/Form990PartVIISectionAGrp/TitleTxt28HEAD OF UPPER SCHOOL

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$384$82.5$302$68.2$62.0$6.20
2023Detailed filing. Detailed filing data is available for this year.$360$84.2$276$56.1$57.6$1.46
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$343$77.8$265$64.3$53.5$10.7
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$371$75.7$296$54.7$54.2$0.45
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$343$82.2$261$67.3$49.4$17.9
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$343$84.1$259$50.8$45.9$4.89
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$337$83.8$253$60.1$45.7$14.4
2017Detailed filing. Detailed filing data is available for this year.$312$78.7$233$65.6$43.9$21.7
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$282$76.2$206$55.5$41.8$13.7
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$234$36.3$198$49.4$40.8$8.58
2014Detailed filing. Detailed filing data is available for this year.$216$25.1$191$39.5$38.8$0.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$200$26.3$174$35.1$38.3$3.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$190$24.7$165$36.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$193$24.8$169$34.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$175$22.9$152$35.0
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $250M-$1B nonprofits