Civic Intelligence

The Brearley School

990 • Fiscal year 2018 • EIN 13-1623915

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 16, 2019

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.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

1.40x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Net Margin

84th percentile

24%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

47th percentile

$829,631

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Asset Growth

72nd percentile

8.0%

Faster asset growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-8.4%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Assets

Up

$337,072,908

Up $25,040,757 (+8.0%) from 2017

Net Assets

Up

$253,242,115

Up $19,894,461 (+8.5%) from 2017

Liabilities

Up

$83,830,793

Up $5,146,296 (+6.5%) from 2017

Revenue

Down

$60,055,207

Down $5,511,617 (-8.4%) from 2017

Expenses

Up

$45,679,279

Up $1,793,319 (+4.1%) from 2017

Net Income

Down

$14,375,928

Down $7,304,936 (-34%) from 2017

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

2018

Assets$337,072,908
Liabilities$83,830,793
Net Assets$253,242,115

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

2018

Revenue$60,055,207
Expenses$45,679,279
Net Income$14,375,928
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 16, 2019
Return Version
2017v2.3
Gross Receipts
$73,906,430
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
Land, Buildings, and Equipment, Net$85,793,887$108,851,141▲ $23,057,254
Investments Other Securities$101,973,131$106,125,494▲ $4,152,363
Savings and Temporary Cash Investments$60,604,163$50,095,268▼ $10,508,895
Investments in Publicly Traded Securities$29,084,785$37,615,508▲ $8,530,723
Pledges and Grants Receivable$24,358,559$27,718,927▲ $3,360,368
Accounts Receivable$4,734,416$4,837,820▲ $103,404
Prepaid Expenses and Deferred Charges$644,477$672,530▲ $28,053
Cash and Non-Interest-Bearing Accounts$2,420$10,925▲ $8,505
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$312,032,151$337,072,908▲ $25,040,757
Other Assets Total$4,836,313$1,145,295▼ $3,691,018
Liabilities
Mortgage Notes Payable Secured by Investment Property$48,708,740$48,754,448▲ $45,708
Deferred Revenue$22,011,506$22,480,665▲ $469,159
Accounts Payable and Accrued Expenses$5,672,338$10,777,560▲ $5,105,222
Other Liabilities$2,291,913$1,818,120▼ $473,793
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$78,684,497$83,830,793▲ $5,146,296
Net Assets / Fund Balance
Unrestricted Net Assets$137,514,595$142,091,962▲ $4,577,367
Temporarily Rstr Net Assets$44,935,871$59,139,666▲ $14,203,795
Permanently Rstr Net Assets$50,897,188$52,010,487▲ $1,113,299
Total Net Assets Fund Balance$233,347,654$253,242,115▲ $19,894,461
Total Liabilities and Net Assets / Fund Balance$312,032,151$337,072,908▲ $25,040,757

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,075,053$15,706,777$52,781,830
Other Land Buildings$37,245,508-$37,245,508
Land$28,052,870-$28,052,870
Leasehold Improvements$5,608,154$13,969,821$19,577,975
Equipment$869,556$5,378,802$6,248,358
Other Securities$3,869,112--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$60,444,440$1,121,300▲ $3,386,936$1,917,116$62,661,772
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jane Foley FriedHead of SchoolFT$624,422$205,209$829,631
Rahul TripathiCFO/COOFT$381,265$85,679$466,944
Anne BergenDirector of DevelopmentFT$277,831$34,973$312,804
Tammy ZazuriDirector of AthleticsFT$221,314$38,106$259,420
Evelyn Segal LiptonHead of Upper SchoolFT$214,276$38,629$252,905
James E MulkinAsst. Head for Academic LifeFT$213,831$38,858$252,689
Doris ColemanDirector of FacilitiesFT$194,601$50,155$244,756
Maria-anna ZimmermannHead of Lower SchoolFT$201,336$43,293$244,629

Highest Paid Contractors

ContractorServicesLocationCompensation
Ew HowellConstruction245 NEWTON ROAD, Plainview, NY 11803, Ca$16,604,739
Kpmb ArchtectsArchitect135 NEW ROAD FLOOR 2, Madison, CT 06443$1,216,675
Gorton PartnersConstruction Consult125 HIGH STREET, Boston, MA 02110$400,123
Cambridge AssociatesInvestment Advisory600 RYERSON ROAD, Lincoln Park, NJ 07035$240,552
Action GraphicsPublishing-$205,977
Revenue and Support

Revenue Composition

Contributions and Grants
$20,075,593
Program Service Revenue
$35,190,365
Investment Income
$4,210,507
Other Revenue
$578,742
All Other Contributions
$19,306,991
Change in Net Assets
$14,375,928

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 Traded97$3,470,815Fair Market Value (FMV)
Total Noncash Contributions97$3,470,815-

Audited Revenue Reconciliation

Revenue per Audited Statements
$53,792,547
Revenue Not Reported on Financial Statements
$6,262,660
Revenue Not Reported on Form 990
$5,845,806
Other Revenue Adjustments
$5,690,637
Total Revenue per Audited Statements
$59,638,353
Total Revenue per Form 990
$60,055,207
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$27,484,376
Other Expenses$12,477,666
Grants and Similar Amounts Paid$5,690,637
Total Fundraising Expense$1,949,891
Professional Fundraising Fees$26,600

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,278,196$3,842,335$734,157$18,854,688
Grants to Domestic Individuals$5,690,637--$5,690,637
Other Employee Benefits$2,856,233$851,500$216,864$3,924,597
All Other Expenses$2,174,847$768,687$162,145$3,105,679
Pension Plan Contributions$1,362,236$406,110$103,430$1,871,776
Interest-$1,652,569-$1,652,569
Depreciation Depletion$1,177,624$351,073$89,413$1,618,110
Payroll Taxes$1,115,844$332,655$84,722$1,533,221
Current Officers, Directors, Trustees, and Key Employees$390,000$530,545$379,549$1,300,094
Occupancy$1,134,143$85,365-$1,219,508
Office Expenses$353,960$538,202$15,144$907,306
Fees for Service Investment Mgmnt Fees-$572,023-$572,023
Information Technology$151,115$332,991-$484,106
Travel$377,291$64,702$11,602$453,595
Insurance-$342,999-$342,999
Fees for Services Other$69,646$180,224$47,972$297,842
Fees for Services Accounting-$109,669-$109,669
Conferences and Meetings$74,812$11,042$8,244$94,098
Other Expenses$234,514$91,338-$91,338
Advertising$6,411-$70,049$76,460
Fees for Services Legal-$36,339-$36,339
Fees for Services Professional Fundraising--$26,600$26,600
Total Functional Expenses$32,629,020$11,100,368$1,949,891$45,679,279

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$45,679,279
Expenses per Audited Statements$39,416,619
Total Expenses per Audited Statements$39,416,619
Expenses Not Reported on Financial Statements$6,262,660
Other Expense Adjustments$5,690,637
International Activity

International Summary

Spending
$20,692,852

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 CaribbeanInvestments---$16,777,057
Europe (Including Iceland and Greenland)Investments---$3,915,795
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$76,528
Fundraising Gross Income$76,528
Professional Fundraising Fees$26,600
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2018 Benefit$502,413$76,528$5,278$71,250
Total Events$502,413$76,528$76,528-
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
Agency Funds$1,020,501
Obligation$797,619
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

Governance Explanations

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 board of trustees prior to its filing with the internal revenue service.

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.

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.

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 made available for public inspection.

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
2019-04-16
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
370
Volunteers
320

Preparer

Firm
Eisneramper Llp
Address
750 THIRD AVENUE, NEW YORK, NY 10017-2703
Preparer
Candice Meth
Phone
2129498700
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Other changes in net assets or fund balances: change in value of split interest agreements $( 10,057) change in value of post-retirement benefits, excluding periodic costs 758,787 loss on uncollectible pledges ( 327,273) ____________ $ 421,457 ============

Financial Statement Notes

Form 990, Schedule D, Part V, Line 4

The endowment consists of 143 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 and certain transportation benefits. 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 2D

Change in post-retirement benefit obligation excluding periodic costs $ 758,787 change in split-interest agreements (10,057) __________ total $ 748,730 ==========

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

Scholarships netted against revenue for financial statement purposes of $5,690,637.

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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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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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
2018Detailed filing. Detailed filing data is available for this year.$337$83.8$253$60.1$45.7$14.4
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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. 2018 filings • 501(c)3 • $250M-$1B nonprofits