Civic Intelligence

The Branson School

990 • Fiscal year 2022 • EIN 94-0338330

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

PO Box 887Ross, CA 94957

(415) 454-3612

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.50x

Higher debt load relative to assets than 72% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

80th percentile

1.30x

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

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

60th percentile

11%

Higher net margin than 60% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

75th percentile

$570,713

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

22nd percentile

-9.7%

Faster asset growth than 22% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Down

$77,234,080

Down $8,261,194 (-9.7%) from 2021

Net Assets

Down

$38,859,026

Down $9,905,622 (-20%) from 2021

Liabilities

Up

$38,375,054

Up $1,644,428 (+4.5%) from 2021

Revenue

Up

$29,518,010

Up $3,572,886 (+14%) from 2021

Expenses

Up

$26,236,764

Up $1,572,874 (+6.4%) from 2021

Net Income

Up

$3,281,246

Up $2,000,012 (+156%) from 2021

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2010: $66,016,639Liabilities 2010: $33,229,705Net Assets 2010: $32,786,9342010Assets 2011: $69,324,212Liabilities 2011: $32,445,264Net Assets 2011: $36,878,9482011Assets 2012: $67,978,253Liabilities 2012: $33,922,865Net Assets 2012: $34,055,3882012Assets 2013: $69,344,356Liabilities 2013: $32,668,718Net Assets 2013: $36,675,6382013Assets 2014: $73,540,032Liabilities 2014: $32,548,378Net Assets 2014: $40,991,6542014Assets 2015: $71,998,569Liabilities 2015: $32,907,462Net Assets 2015: $39,091,1072015Assets 2016: $70,511,593Liabilities 2016: $32,440,035Net Assets 2016: $38,071,5582016Assets 2017: $73,380,321Liabilities 2017: $32,170,391Net Assets 2017: $41,209,9302017Assets 2018: $74,734,428Liabilities 2018: $31,471,653Net Assets 2018: $43,262,7752018Assets 2019: $75,804,004Liabilities 2019: $33,065,494Net Assets 2019: $42,738,5102019Assets 2020: $76,168,406Liabilities 2020: $34,274,256Net Assets 2020: $41,894,1502020Assets 2021: $85,495,274Liabilities 2021: $36,730,626Net Assets 2021: $48,764,6482021Assets 2022: $77,234,080Liabilities 2022: $38,375,054Net Assets 2022: $38,859,0262022Assets 2023: $77,162,432Liabilities 2023: $37,205,776Net Assets 2023: $39,956,6562023

Highlighted filing

2022

Assets$77,234,080
Liabilities$38,375,054
Net Assets$38,859,026

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $14,099,4432010Expenses 2011: $16,449,4302011Expenses 2012: $16,707,5822012Expenses 2013: $17,371,8732013Revenue 2014: $18,865,850Expenses 2014: $17,638,586Net Income 2014: $1,227,2642014Revenue 2015: $18,432,721Expenses 2015: $19,543,819Net Income 2015: -$1,111,0982015Revenue 2016: $18,559,027Expenses 2016: $18,753,967Net Income 2016: -$194,9402016Revenue 2017: $18,647,142Expenses 2017: $19,922,129Net Income 2017: -$1,274,9872017Revenue 2018: $21,668,373Expenses 2018: $19,928,788Net Income 2018: $1,739,5852018Revenue 2019: $22,620,790Expenses 2019: $22,443,893Net Income 2019: $176,8972019Revenue 2020: $22,274,737Expenses 2020: $21,023,794Net Income 2020: $1,250,9432020Revenue 2021: $25,945,124Expenses 2021: $24,663,890Net Income 2021: $1,281,2342021Revenue 2022: $29,518,010Expenses 2022: $26,236,764Net Income 2022: $3,281,2462022Revenue 2023: $25,923,511Expenses 2023: $28,114,400Net Income 2023: -$2,190,8892023

Highlighted filing

2022

Revenue$29,518,010
Expenses$26,236,764
Net Income$3,281,246
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.2
Gross Receipts
$66,633,559
Mission and Program Overview

Mission

To provide an academically exceptional education to students grade 9 through 12 in a warm, supportive, and nurturing environment.

To provide a quality education to students grade 9 through 12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$51,873,808$40,448,831▼ $11,424,977
Land, Buildings, and Equipment, Net$19,981,464$22,860,174▲ $2,878,710
Cash and Non-Interest-Bearing Accounts$10,970,566$11,267,519▲ $296,953
Pledges and Grants Receivable$453,661$876,072▲ $422,411
Accounts Receivable$664,686$767,148▲ $102,462
Savings and Temporary Cash Investments$1,332,869$577,802▼ $755,067
Prepaid Expenses and Deferred Charges$187,144$342,983▲ $155,839
Investments Other Securities$31,076$93,551▲ $62,475
Total Assets$85,495,274$77,234,080▼ $8,261,194
Liabilities
Tax Exempt Bond Liabilities$23,607,819$26,834,843▲ $3,227,024
Deferred Revenue$9,603,399$10,413,517▲ $810,118
Accounts Payable and Accrued Expenses$3,519,408$1,126,694▼ $2,392,714
Total Liabilities$36,730,626$38,375,054▲ $1,644,428
Net Assets / Fund Balance
Net Assets With Donor Restrictions$34,108,150$29,852,456▼ $4,255,694
Net Assets Without Donor Restrictions$14,656,498$9,006,570▼ $5,649,928
Total Net Assets Fund Balance$48,764,648$38,859,026▼ $9,905,622
Total Liabilities and Net Assets / Fund Balance$85,495,274$77,234,080▼ $8,261,194

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,579,942$22,272,132$38,852,074
Land$5,278,249-$5,278,249
Equipment$956,350$4,298,098$5,254,448
Other Land Buildings$45,633-$45,633

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$31,511,818$1,414,549▼ $4,379,412$1,188,230$27,358,725
2020$25,933,133$45,075▲ $6,514,861$981,251$31,511,818
2019$26,568,100$39,558▲ $529,184$1,203,709$25,933,133
2018$26,003,703$71,363▲ $1,522,163$1,029,129$26,568,100
2017$24,480,162$81,190▲ $2,347,620$905,269$26,003,703
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christina MazzolaHead of SchoolFT$457,570$113,143$570,713
David HansonCfooFT$301,500$36,914$338,414
Chancellor SimsDirector of StudiesFT$130,043$97,129$227,172
Jeffrey K SymondsDirector of StudiesFT$128,059$81,984$210,043
James ZimmermanCAOFT$138,482$68,850$207,332
Nathalio D GrayAsst Head of SchoolFT$176,597$20,535$197,132
Gretchen M KolesFacultyFT$134,745$54,748$189,493
Matt LaneDirector of College CounselingFT$162,584$26,802$189,386

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Peak Building ServicesJanitorial Services845 OLIVE AVENUE SUITE 211, Novato, CA 94945$195,254
Revenue and Support

Revenue Composition

Contributions and Grants
$4,352,465
Program Service Revenue
$18,470,060
Investment Income
$6,585,070
Other Revenue
$110,415
All Other Contributions
$4,299,887
Change in Net Assets
$3,281,246

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded28$490,067Fair Market Value
Other Non Cash Contri Table1$26,000Fair Market Value
Total Noncash Contributions29$516,067-

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,632,740
Revenue Not Reported on Financial Statements
$-114,730
Revenue Not Reported on Form 990
$-15,865,367
Other Revenue Adjustments
$-176,639
Total Revenue per Audited Statements
$13,767,373
Total Revenue per Form 990
$29,518,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,189,285
Other Expenses$10,172,023
Grants and Similar Amounts Paid$2,868,456
Total Fundraising Expense$1,216,966
Professional Fundraising Fees$7,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,682,544$3,173,267$679,337$9,535,148
Grants to Domestic Individuals$2,868,456--$2,868,456
Fees for Services Legal-$2,103,284-$2,103,284
Fees for Services Other$114,791$1,447,168$28,808$1,590,767
All Other Expenses$1,330,786$88,169$59,322$1,478,277
Depreciation Depletion$1,023,799$302,524$40,171$1,366,494
Other Employee Benefits$885,483$398,589$78,210$1,362,282
Current Officers, Directors, Trustees, and Key Employees$151,545$656,430$151,545$959,520
Occupancy$654,971$228,603$25,699$909,273
Payroll Taxes$471,172$206,189$47,519$724,880
Interest$512,615$151,474$20,114$684,203
Pension Plan Contributions$394,846$181,110$31,499$607,455
Information Technology$202,239$202,239-$404,478
Insurance-$287,670-$287,670
Conferences and Meetings$136,851$85,184$3,199$225,234
Office Expenses$110,551$29,961$496$141,008
Advertising-$97,189$2,840$100,029
Fees for Services Accounting-$70,987-$70,987
Fees for Service Investment Mgmnt Fees-$61,909-$61,909
Other Expenses$32,480$20,155$41,207$41,207
Travel$8,733$32,000-$40,733
Fees for Services Professional Fundraising--$7,000$7,000
Total Functional Expenses$15,195,697$9,824,101$1,216,966$26,236,764

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$26,236,764
Total Expenses per Audited Statements$23,672,995
Expenses per Audited Statements$23,496,356
Expenses Not Reported on Financial Statements$2,740,408
Other Expense Adjustments$2,678,499
Expenses Not Reported on Form 990$176,639
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$7,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Public Finance Authority2021-02-18$28,181,875Refunding of tax-exempt bonds, purchase of 2 residences used by the school

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$27,977,372$25,245,169-$388,408

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
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 35% controlled entity
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 was reviewed and approved by the finance committee before it was filed. A copy of the public disclosure version of form 990 was provided to the board.

Form 990, Part VI, Section B, Line 12C

The members of the board of trustees and the head of school shall exercise reasonable care, discretion and good judgement for the benefit of branson. In their dealings with and on behalf of branson, fiduciaries shall be held to a rule of honest, fair and good faith dealing between themselves and branson. They shall not use their positions, or knowledge gained there from, in such a way that a conflict of interest, a potential conflict of interest or the appearance of impropriety arises between the interest of branson and that of the individual. The board shall ensure that any "material" transaction or other matter involving branson in which a fiduciary has a personal, financial, or other interest is in the best interests of branson. All guidelines are encompassed in the employee handbook available to board members, directors, executive committee, cfoo and head of the school. If a conflict of interest exists, the person shall promptly report the existence of an actual or potential conflict of interest or a matter giving rise to the appearance of impropriety for themselves or any "family members" according to, the branson school conflict of interest disclosure statement promptly. In addition, officers and board members may not engage in transactions that would result in a real or apparent conflict of interest, including tractions with family members. No fiduciary with an actual or potential conflict of interest or the appearance of impropriety (interested person) may vote on, or be present at the vote for, a matter related thereto or be counted in determining the existence of a quorum at the meeting of the board of trustees at which such matter is voted upon. At the discretion of the chair of the board, the interested person may participate in board discussions concerning such matter, but shall not be counted toward the quorum for the vote upon such matter. If the interested person is unable to mitigate the conflict of interest, the board may remove upon a vote of the matter.

Form 990, Part VI, Section B, Line 15A

The head of school's compensation package is determined exclusively by the board of trustees. A compensation committee of the board of trustees reviews form 990s filed by comparable schools. A written employment contract is signed by the board president and the head of school. The head of school is responsible for determining compensation and benefits for key employees of the school. A survey of compensation and benefits conducted by isboa, and organization of schools in the bay area, is used as a benchmark. The head of school, cfoo and director of hr use benchmarking tools to determine salaries/wages for staff level roles. There is a faculty scale used for all faculty based on years of experience.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are available upon request for the same period of time set forth in sec 6104(d).

Filing and Contact Details

Filer

Filer Name
The Branson School
EIN
94-0338330
Phone
4154543612
Address
PO BOX 887, ROSS, CA 94957

Signing Officer

Name
David Hanson
Title
Cfoo
Phone
4154543612
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Mazzola
Formed
1926
Legal Domicile
CA
Voting Board Members
27
Independent Board Members
27
Employees
166
Volunteers
100

Preparer

Firm
Hood & Strong Llp
Address
60 SO MARKET ST STE 200, SAN JOSE, CA 95113
Preparer
Maga E Kisriev
Phone
4089988400
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The branson school endowment funds are primarily used to support the general operations of the school, including financial aid support.

PART X, LINE 2:

The school is exempt from federal and state income taxes under the internal revenue code section 501(c)(3) and by the california revenue and taxation code 23701d. Accordingly, it has not provided for income taxes in these financial statements. Each year, management considers whether any material tax position the school has taken is more likely than not to be sustained upon examination by the applicable taxing authority. Management believes that any positions the school has taken are supported by substantial authority, and hence, do not need to be measured or disclosed in these financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Financial aid reclassified to expenses -2,678,499.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses reclassified to revenue -176,639.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses reclassified to revenue 176,639.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid reclassified to expenses 2,678,499.

Raw XML AppendixShowing 400 of 949 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 BRANSON SCHOOL MAINTAINS AND CONDUCTS A SECONDARY SCHOOL FOR APPROXIMATELY 320 GIRLS AND BOYS IN WHICH THEY ARE PROVIDED WITH SUCH INSTRUCTION AND EDUCATION THAT SHALL BE ADEQUATE FOR THE PREPARATION OF STUDENTS FOR ADMISSION TO UNIVERSITIES AND COLLEGES OF THE HIGHEST ATTAINMENT. THE BRANSON SCHOOL ENCOURAGES STUDENTS TO THINK CRITICALLY, COMMUNICATE CLEARLY, DEVELOP THEIR INDIVIDUAL TALENTS AND INTERESTS, AND PURSUE A LIFE-LONG PASSION FOR LEARNING.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CO-VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
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/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt28CFOO
IRS990/Form990PartVIISectionAGrp/TitleTxt29ASST HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR OF STUDIES
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR OF STUDIES
IRS990/Form990PartVIISectionAGrp/TitleTxt32CAO
IRS990/Form990PartVIISectionAGrp/TitleTxt33FACULTY
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR OF COLLEGE COUNSELING
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01926
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
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IRS990/GrantsToOrganizationsInd00
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$77.2$37.2$40.0$25.9$28.1$2.19
2022Detailed filing. Detailed filing data is available for this year.$77.2$38.4$38.9$29.5$26.2$3.28
2021Summary only. Only limited summary data is available for this year.$85.5$36.7$48.8$25.9$24.7$1.28
2020Detailed filing. Detailed filing data is available for this year.$76.2$34.3$41.9$22.3$21.0$1.25
2019Detailed filing. Detailed filing data is available for this year.$75.8$33.1$42.7$22.6$22.4$0.18
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.7$31.5$43.3$21.7$19.9$1.74
2017Detailed filing. Detailed filing data is available for this year.$73.4$32.2$41.2$18.6$19.9$1.27
2016Detailed filing. Detailed filing data is available for this year.$70.5$32.4$38.1$18.6$18.8$0.19
2015Detailed filing. Detailed filing data is available for this year.$72.0$32.9$39.1$18.4$19.5$1.11
2014Detailed filing. Detailed filing data is available for this year.$73.5$32.5$41.0$18.9$17.6$1.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.3$32.7$36.7$17.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.0$33.9$34.1$16.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.3$32.4$36.9$16.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.0$33.2$32.8$14.1
Peer Organizations

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