Brunswick School INC EIN 06-0646562

Brunswick School INC

EIN  06-0646562 Public charity (501(c)(3)) Greenwich, CT Founded 1932
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/7/26 · see original filing: IRS
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Size
$10–100M
What they do
Educates boys from pre-K through 12, preparing them for top colleges.
Leadership
Mr Thomas W Philip · Head of School · $1.4M
Money in and out
$95.3M revenue, $77.2M expenses
Bottom line
82% program efficiency

Educates boys from pre-K through 12, preparing them for top colleges. For fiscal year 2024 it reported $95.3M in revenue, $77.2M in expenses, and $417.8M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$95.3M
Pt VIII · Ln 12
Total expenses
$77.2M
Pt IX · Ln 25
Net assets
$417.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18.1M
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.13 Fundraising $0.05
Program efficiency
82%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
38.9mo
months of highly liquid reserves at operating expense rate▼ -8% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▼ -12% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$95.3M
FY2024▲ +6%
Expenses
$77.2M
FY2024▲ +9%
Total assets
$509.6M
FY2024▲ +5%
Total liabilities
$91.7M
FY2024▲ +5%
Total revenue
$95.3M
Pt VIII · Ln 12
Total expenses
$77.2M
Pt IX · Ln 25
Net assets
$417.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18.1M
Total assetsPt X · Ln 16$509.6M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 327
Independent voting membersPt I · Ln 427
Mission & Programs · Part III

Where the work happens

3 program services account for $63.4M of program spending, described in the organization's own filed words · FY2024.
01

Education program expenses support the over 1,000 students who matriculated from pre-kindergarten through grade 12 during the year. Our students learn at our central greenwich campus along with three more suburban greenwich campuses.

$49.2Mprogram expense
02

Student services include the efforts made by the following departments: college guidance, health and wellness, experiential learning, after-school and summer programming, student transportation and the bookstore. These departments complete and support the learning outside the traditional classroom and beyond the academic year.

$7.3Mprogram expense
03

Athletics are an essential part of the school's mission of educating the whole boy and all of our boys participate in athletic and good sportsmanship endeavors during the academic day. Boys in grades 7 and above participate in interscholastic competitions after-school.

$6.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBrunswick School INC
EINHdr · item D06-0646562
Principal addressHdr · item CGreenwich, CT
WebsiteHdr · item Jwww.brunswickschool.org
Year of formationHdr · item L1932
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B200)
Ruling yearIRS BMFOct 1934

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a27
Independent voting membersPt VI · Ln 1b27
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Head of School
$1,443,312Pt VII · Sec A
Head & Dir. of College Placement
$750,899Pt VII · Sec A
Chief Financial Officer
$415,860Pt VII · Sec A
Chief Advancement Officer
$360,037Pt VII · Sec A
Director of Athletics
$277,303Pt VII · Sec A
Admission & Dir. of Fin. Aid
$256,524Pt VII · Sec A
Math Teacher & Swim Program
$245,617Pt VII · Sec A
Chair, Science Department
$216,172Pt VII · Sec A

Mr Thomas W Philip’s $1.4M as Head of School is at the 100th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Mr Thomas W Philip$1,443,312$1,336,940$1,498,333$1,015,754$994,194$1,026,702
Ms Kathleen Harrington$415,860$861,944$340,434$325,144$310,712$310,082
Mr Douglas Burdett Assistant$750,899
Mr Thomas Murray$360,037$340,030$374,326$370,716$359,111$348,942
Mr Karl Patrick Andren$311,313$302,748$259,716
Mr Cedric Jones$277,303$264,603$266,363
Mr David Bruce Dir of Ms$256,524$240,224$234,139$230,770$228,650$217,782
Mr Aaron Montgomery$245,617$220,317$213,343$208,025$200,483

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$59.8M · 63%
Contributions & grants$20.0M · 21%
Investment income$15.6M · 16%
Program service revenue63%$59.8M
Contributions & grants21%$20.0M
Investment income16%$15.6M
Other revenue$5K
Total revenueLn 12$95.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.13 Fundraising $0.05
Program services82%$63.4M
Management & general13%$9.9M
Fundraising5%$3.9M
Total functional expensesLn 25$77.2M

Balance Sheet

Part X · end of year
CashLn 1$69.1M
Total assetsLn 16$509.6M
Total liabilitiesLn 26$91.7M
Total net assetsLn 32$417.8M
Months of cash on handcomputed10.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $240.4M · Operating expenses (Pt IX) $77.2M · Less non-cash grants $3.0M · Cash operating expenses/yr $74.2M
38.9 months
Where the money goes
Program services
Program services $63.4M · Total expenses $77.2M
82%
Management & General
Management & general $9.9M · Total expenses $77.2M
13%
Fundraising
Fundraising $3.9M · Total expenses $77.2M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $3.8M · Solicited contributions (3-yr avg) $21.8M
$0.18 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $20.0M · Total revenue $95.3M
21%
Government reliance
Government grants — · Total revenue $95.3M
Earned-income share
Program service revenue $59.8M · Total revenue $95.3M
63%
Investment reliance
Investment income $15.6M · Total revenue $95.3M
+16%
Program self-sufficiency
Program service revenue $59.8M · Total expenses $77.2M
77%
Growth & trend
Revenue growth (YoY)
This year $95.3M · Prior year $90.1M
+6%
Revenue CAGR
FY2019 $68.6M · FY2024 $95.3M
+7%
Net-asset trend (YoY)
End of year $417.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $95.3M · Expenses $77.2M
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $509.6M
Net-asset ratio
Net assets $417.8M · Total assets $509.6M
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $41.2M · Other securities (Pt X, ln 12) $130.1M · Total assets (Pt X, ln 16) $509.6M
34%
People & payroll
Highest Reported Total Compensation
Individual Mr Thomas W Philip · Reported title HEAD OF SCHOOL · Highest reported compensation $1.4M · Total expenses $77.2M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $41.1M · Total expenses $77.2M
53%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 13%
Fundraising cost ratio 20%
Revenue growth 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$174K
See all 3 funders →
Grants paid · 6 grants · $53.6M · 2019–2024
Unitemized GrantFY2024$10,230,601
Unitemized GrantFY2023$9,646,487
Unitemized GrantFY2022$9,145,095
Unitemized GrantFY2021$8,987,770
Unitemized GrantFY2020$8,096,764
Unitemized GrantFY2019$7,536,734

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$90.1M revenue · ⤓ 990 PDF
FY2023$77.0M revenue · ⤓ 990 PDF
FY2022$76.9M revenue · ⤓ 990 PDF
FY2021$63.5M revenue · ⤓ 990 PDF
FY2020$68.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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