Berkeley-Carroll Street School

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A passion for learning is at the heart of Berkeley Carroll. The School is an intellectual, creative and equitable community where devoted teachers challenge and engage talented students. Our demanding curriculum and vibrant civic life prepare our diverse graduates for success in college and for the greater endeavor a life of critical, ethical and global thinking.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 11-2611384) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 286 volunteers and 541 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.3M a year · 5% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.6M
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
2.1 mo
of spending, in cash
Plus $32.7M in investments, Pt X · Ln 11–13
2.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $663K
13 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$58.9M
49% of total assets
Liabilities are 49% of assets.
Pt X · Ln 26
Independent board members
21
of 24 voting members
21 of 24 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$67.8M
+6% vs prior year
Spent
$66.2M
To programs
90%
Net assets
$60.8M
By yearFY2021–FY2025
Revenue
$67.8M
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2021$51.3M
FY2022$60.3M
FY2023$61.4M
FY2024$63.9M
FY2025$67.8M
Expenses
$66.2M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$49.0M
FY2022$52.3M
FY2023$57.7M
FY2024$62.8M
FY2025$66.2M
Net assets
$60.8M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2021$46.4M
FY2022$50.7M
FY2023$53.7M
FY2024$57.4M
FY2025$60.8M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $59.4M Management & general 8% · $5.1M Fundraising 3% · $1.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

39 people listed on the 990; $3.6M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Head of School
$760,310Pt VII · Sec A
Chief Financial Officer
$291,351Pt VII · Sec A
Assistant Head of School
$268,770Pt VII · Sec A
Upper School Director
$255,022Pt VII · Sec A
Middle School Director
$244,647Pt VII · Sec A
Assistant Head of School for Program Innovation
$237,633Pt VII · Sec A
Director of Advancement
$235,446Pt VII · Sec A
Lower School Director
$221,313Pt VII · Sec A

Lisa Waller PHD’s $760K as Head of School is at the 97th percentile of top reported officer pay among 3683 $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

NameFY2025FY2024FY2023FY2022FY2021
Lisa Waller PHD$760,310$728,536———
Lisa Waller——$700,458$612,258$639,719
Karen Benson$291,351$281,116$262,528$105,660—
Arunie Dias———$268,975$262,749
Brandie Melendez-Pinti$268,770$253,461$220,165$189,423$178,417
Jane Moore$255,022$249,384$249,796$235,522$226,172
Yabome Kabia Casper$244,647$217,037$204,831$184,752$176,393
Stephen Mak PHD$237,633$228,625———

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.

See Berkeley-Carroll Street School executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students preschool through 12th grade with a rigorous curriculum and active civic life.

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3 programs · $59.4M · in their own filed words · FY2024
01

The Berkeley Carroll School provides primary and secondary education to its students from preschool through twelfth grade. The School had 1,004 students in the fy 2024-25

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 11-2611384) · Dispute this line
$58.0Mprogram expense
02

The School offers two summer programs that run from july through august of each year. Enrollment for both programs totaled 872 children in the fy 2024-2025 year.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 11-2611384) · Dispute this line
$716Kprogram expense
03

The School operates an athletic center that offers afterschool and weekend gym and swimming classes to its students and the community.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 11-2611384) · Dispute this line
$714Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 13 funders →
Grants paid · 5 grants · $48.2M · 2020–2024
Unitemized GrantFY2024$10,860,698
Unitemized GrantFY2023$10,270,041
Unitemized GrantFY2022$9,445,214
Unitemized GrantFY2021$8,793,637
Unitemized GrantFY2020$8,820,917

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$67.8M
Ln 12
Fees for servicesLn 2g$63.1M
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$1.5M
Money outPt IX
$66.2M
Ln 25
Programscol B$59.4M
Managementcol C$5.1M
Fundraisingcol D$1.7M
Owns and owesPt X
$60.8M
net assets · Ln 32
Cash and savingsLn 1–2$11.7M
Total assetsLn 16$119.7M
LiabilitiesLn 26$58.9M
PeoplePt VI, VII
39
listed · VII A
PaidVII A14
Voting boardVI 1a24
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$540K
Noncash giftsLn 1g$130K
Fees for servicesLn 2g$63.1M
Investment incomeLn 3$1.5M
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$833K
Total revenueLn 12$67.8M
Assets in detailPt X, end of year
CashLn 1$874K
SavingsLn 2$10.8M
Cash and savings togetherLn 1–2$11.7M
Pledges and grants receivableLn 3$2K
Accounts receivableLn 4$196K
Prepaid expenses and deferred chargesLn 9$850K
Land, buildings, equipmentLn 10c$73.7M
InvestmentsLn 11–13$32.7M
Other assetsLn 15$589K
Total assetsLn 16$119.7M
LiabilitiesLn 26$58.9M
Net assetsLn 32$60.8M
OperationsPt I, VI
EmployeesI 5541
VolunteersI 6286
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$34.2M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$37.4M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$130K
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$25.1M$21.9M$18.8M$14.7M$16.0M
AddedLn 1b$653K$644K$2.5M$1.6M$322K
SpentLn 1d–1f$671K$585K$514K$469K$213K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$17.6M$11.7M
InvestmentsLn 11–13$29.1M$32.7M
Land, buildings, equipmentLn 10c$59.8M$73.7M
Total assetsLn 16$108.0M$119.7M
LiabilitiesLn 26$50.6M$58.9M
Net assetsLn 32$57.4M$60.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$10.9M$10.9M
Pay of officers and key staff (Part IX, line 5)Ln 5$3.3M$2.6M$652K$103K
Other salaries and wagesLn 7$27.5M$25.3M$1.4M$703K
Pension plan contributionsLn 8$1.4M$1.3M$69K$34K
Other employee benefitsLn 9$3.6M$3.3M$195K$85K
Payroll taxesLn 10$2.1M$1.9M$136K$53K
Legal feesLn 11b$173K$173K
Accounting feesLn 11c$85K$85K
Other fees for servicesLn 11g$898K$294K$604K
Advertising and promotionLn 12$25K$3K$19K$3K
Office expensesLn 13$522K$418K$50K$55K
Information technologyLn 14$1.1M$780K$232K$97K
OccupancyLn 16$1.1M$977K$132K$32K
TravelLn 17$2.8M$2.8M$2K$2K
InterestLn 20$805K$604K$161K$40K
Depreciation, depletion and amortizationLn 22$3.1M$2.3M$626K$157K
InsuranceLn 23$590K$443K$118K$30K
Other expenses (24a–d)Ln 24$5.9M$5.5M$170K$281K
All other expensesLn 24e$294K$58K$235K$746
Total functional expensesLn 25$66.2M$59.4M$5.1M$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 1, 2026 $67.8M$66.2M$1.6M$60.8M 990 PDF
FY2024Filed with the IRS Apr 18, 2025 $63.9M$62.8M$1.1M$57.4M 990 PDF
FY2023Filed with the IRS Apr 23, 2024 $61.4M$57.7M$3.7M$53.7M 990 PDF
FY2022Filed with the IRS Feb 17, 2023 $60.3M$52.3M$8.0M$50.7M 990 PDF
FY2021Filed with the IRS Jan 12, 2022 $51.3M$49.0M$2.3M$46.4M 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments E · Schools I · Grants J · Pay K · Bonds L · Interested persons M · Noncash O · Explanations
See the full FY2025 990
Part I · Summary $67,800,295 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,052,336$2,064,889
I-9 Program service revenuePrior year $60,172,289$63,068,711
I-10 Investment incomePrior year $1,169,547$2,342,347
I-11 Other revenuePrior year $462,135$324,348
I-12 Total revenuePrior year $63,856,307$67,800,295
I-13 Grants and similar amounts paidPrior year $10,270,041$10,860,698
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $35,637,760$37,835,776
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,893,914$17,532,340
I-18 Total expensesPrior year $62,801,715$66,228,814
I-19 Revenue less expensesPrior year $1,054,592$1,571,481
Part VI · Governance 21 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $67,800,295 across 10 lines filed
Lines not itemized here account for −$10,224 of total revenue; see the IRS return.
VIII-1e Government grants$539,715
VIII-1f All other contributions, gifts and grants$1,525,174
VIII-1g Noncash contributions (included above)$130,171
VIII-1h Total contributions, gifts and grants$2,064,889
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $63,068,711$63,068,711
VIII-3 Investment incomeExcluded from tax $1,508,989$1,508,989
VIII-6 Net rental income or lossExcluded from tax $187,737$187,737
VIII-7 Net gain or loss on sales of assetsExcluded from tax $833,358$833,358
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $146,835$146,835
VIII-12 Total revenueRelated to mission $63,068,711 · Unrelated business $0 · Excluded from tax $2,666,695$67,800,295
Part IX · Statement of functional expenses $66,228,814 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $10,860,698$10,860,698
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $2,550,972 · Management $651,855 · Fundraising $103,218$3,306,045
IX-7 Other salaries and wagesPrograms $25,320,600 · Management $1,444,604 · Fundraising $703,232$27,468,436
IX-8 Pension plan contributionsPrograms $1,293,261 · Management $68,791 · Fundraising $33,727$1,395,779
IX-9 Other employee benefitsPrograms $3,321,914 · Management $194,904 · Fundraising $84,932$3,601,750
IX-10 Payroll taxesPrograms $1,874,232 · Management $136,162 · Fundraising $53,372$2,063,766
IX-11b Legal feesManagement $173,435$173,435
IX-11c Accounting feesManagement $84,765$84,765
IX-11g Other fees for servicesPrograms $293,584 · Management $604,218$897,802
IX-12 Advertising and promotionPrograms $2,887 · Management $19,315 · Fundraising $2,887$25,089
IX-13 Office expensesPrograms $417,515 · Management $49,817 · Fundraising $54,696$522,028
IX-14 Information technologyPrograms $780,009 · Management $232,457 · Fundraising $96,876$1,109,342
IX-16 OccupancyPrograms $977,446 · Management $131,937 · Fundraising $31,905$1,141,288
IX-17 TravelPrograms $2,819,283 · Management $1,658 · Fundraising $1,658$2,822,599
IX-20 InterestPrograms $604,020 · Management $161,072 · Fundraising $40,268$805,360
IX-22 Depreciation, depletion and amortizationPrograms $2,347,979 · Management $626,128 · Fundraising $156,532$3,130,639
IX-23 InsurancePrograms $442,699 · Management $118,053 · Fundraising $29,513$590,265
IX-24 Other expenses (24a–d)Programs $5,484,973 · Management $170,332 · Fundraising $280,775$5,936,080
IX-24e All other expensesPrograms $57,598 · Management $235,304 · Fundraising $746$293,648
IX-25 Total functional expensesPrograms $59,449,670 · Management $5,104,807 · Fundraising $1,674,337$66,228,814
Part X · Balance sheet $119,716,415 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $461,244$873,652
X-2 Savings and temporary cash investmentsStart of year $17,129,560$10,832,628
X-3 Pledges and grants receivableStart of year $35,870$1,525
X-4 Accounts receivableStart of year $403,941$196,415
X-9 Prepaid expenses and deferred chargesStart of year $741,976$850,071
X-10c Land, buildings and equipment, netStart of year $59,824,703$73,713,719
X-11 Publicly traded securitiesStart of year $29,082,847$32,659,361
X-15 Other assetsStart of year $285,705$589,044
X-16 Total assetsStart of year $107,965,847$119,716,415
X-17 Accounts payable and accrued expensesStart of year $6,017,050$6,342,314
X-19 Deferred revenueStart of year $10,156,113$10,490,490
X-20 Tax-exempt bond liabilitiesStart of year $32,315,952$34,235,607
X-23 Secured mortgages and notes payableStart of year $1,847,542$7,709,938
X-25 Other liabilitiesStart of year $215,500$91,164
X-26 Total liabilitiesStart of year $50,552,157$58,869,513
X-27 Net assets without donor restrictionsStart of year $48,294,154$50,632,205
X-28 Net assets with donor restrictionsStart of year $9,119,536$10,214,697
X-32 Total net assets or fund balancesStart of year $57,413,690$60,846,902
X-33 Total liabilities and net assetsStart of year $107,965,847$119,716,415
Part XI · Reconciliation of net assets $60,846,902 net assets at year end
XI-1 Total revenue$67,800,295
XI-2 Total expenses$66,228,814
XI-3 Revenue less expenses$1,571,481
XI-4 Net assets at start of year$57,413,690
XI-5 Net unrealized gains (losses) on investments$1,884,842
XI-9 Other changes in net assets−$23,110
XI-10 Net assets at end of year$60,846,902

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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