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.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$3.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.2M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $29.1M in investments, Pt X · Ln 11–13
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $663K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$50.6M
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 21 voting members
Looks good: 18 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$63.9M
+4% vs prior year
Spent
$62.8M
To programs
89%
Net assets
$57.4M
By yearFY2021–FY2025
Revenue
$63.9M
FY2024▲ +4%
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
$62.8M
FY2024▲ +9%
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
$57.4M
FY2024▲ +7%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

89 cents of each dollar spent went to programs.

Program services 89% · $56.0M Management & general 7% · $4.5M Fundraising 4% · $2.3M

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

35 people listed on the 990; $3.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of School
$728,536Pt VII · Sec A
Chief Financial Officer
$281,116Pt VII · Sec A
Assistant Head of School
$253,461Pt VII · Sec A
Upper School Director
$249,384Pt VII · Sec A
Assistant Head of School for Program Innovation
$228,625Pt VII · Sec A
Middle School Director
$217,037Pt VII · Sec A
Director of Comm. Thru Feb. 2024
$207,711Pt VII · Sec A
Dir. of College Counselling
$199,588Pt 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 →

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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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Provided by the organization

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3 programs · $56.0M · in their own filed words · FY2023
01

The berkeley carroll school provides primary and secondary education to its students from preschool through twelfth grade. The school had 999 students in the fy 2023-24.

$54.7Mprogram expense
02

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

$675Kprogram expense
03

The school offers two summer programs that run from july through august of each year. Enrollment for both programs totaled 1212 children in the fy 2023-2024 year.

$672Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$63.9M
Ln 12
Fees for servicesLn 2g$60.2M
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$1.2M
Money outPt IX
$62.8M
Ln 25
Programscol B$56.0M
Managementcol C$4.5M
Fundraisingcol D$2.3M
Owns and owesPt X
$57.4M
net assets · Ln 32
Cash and savingsLn 1–2$17.6M
Total assetsLn 16$108.0M
LiabilitiesLn 26$50.6M
PeoplePt VI, VII
35
listed · VII A
PaidVII A13
Voting boardVI 1a21
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$708K
Noncash giftsLn 1g$68K
Fees for servicesLn 2g$60.2M
Investment incomeLn 3$1.2M
Other incomeLn 4–11$462K
Total revenueLn 12$63.9M
Assets in detailPt X, end of year
CashLn 1$461K
SavingsLn 2$17.1M
Cash and savings togetherLn 1–2$17.6M
InvestmentsLn 11–13$29.1M
Land, buildings, equipmentLn 10c$59.8M
Other assetsLn 15$286K
Total assetsLn 16$108.0M
LiabilitiesLn 26$50.6M
Net assetsLn 32$57.4M
OperationsPt I, VI
EmployeesI 5541
VolunteersI 6286
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$18.1M$17.6M
InvestmentsLn 11–13$25.0M$29.1M
Land, buildings, equipmentLn 10c$52.0M$59.8M
Total assetsLn 16$96.6M$108.0M
LiabilitiesLn 26$42.9M$50.6M
Net assetsLn 32$53.7M$57.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$10.3M$10.3M
Pay of current officers, directors and key staffLn 5$2.7M$2.0M$590K$108K
Other salaries and wagesLn 7$26.1M$23.9M$1.2M$1.0M
Pension plan contributionsLn 8$1.4M$1.3M$62K$57K
Other employee benefitsLn 9$3.4M$3.1M$177K$136K
Payroll taxesLn 10$2.0M$1.8M$118K$79K
Legal feesLn 11b$145K$145K
Accounting feesLn 11c$79K$79K
Other fees for servicesLn 11g$742K$157K$428K$157K
Advertising and promotionLn 12$19K$2K$15K$2K
Office expensesLn 13$581K$494K$50K$37K
Information technologyLn 14$1.1M$793K$210K$98K
OccupancyLn 16$1.1M$959K$137K$34K
TravelLn 17$2.7M$2.7M$2K$2K
InterestLn 20$709K$532K$142K$35K
Depreciation, depletion and amortizationLn 22$3.0M$2.3M$604K$151K
InsuranceLn 23$527K$395K$105K$26K
Other expenses (24a–d)Ln 24$5.8M$5.3M$217K$293K
All other expensesLn 24e$324K$55K$256K$13K
Total functional expensesLn 25$62.8M$56.0M$4.5M$2.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $67.8M$66.2M$1.6M$60.8M 990 PDF
FY2024 Viewing $63.9M$62.8M$1.1M$57.4M 990 PDF
FY2023 $61.4M$57.7M$3.7M$53.7M 990 PDF
FY2022 $60.3M$52.3M$8.0M$50.7M 990 PDF
FY2021 $51.3M$49.0M$2.3M$46.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $63,856,307 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,763,074$2,052,336
I-9 Program service revenuePrior year $56,128,783$60,172,289
I-10 Investment incomePrior year $3,309,662$1,169,547
I-11 Other revenuePrior year $216,361$462,135
I-12 Total revenuePrior year $61,417,880$63,856,307
I-13 Grants and similar amounts paidPrior year $9,445,214$10,270,041
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $33,309,796$35,637,760
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,940,150$16,893,914
I-18 Total expensesPrior year $57,695,160$62,801,715
I-19 Revenue less expensesPrior year $3,722,720$1,054,592
Part VI · Governance 18 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members18
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 $63,856,307 across 9 lines filed
Lines not itemized here account for −$2,709 of total revenue; see the IRS return.
VIII-1e Government grants$708,156
VIII-1f All other contributions, gifts and grants$1,344,180
VIII-1g Noncash contributions (included above)$67,817
VIII-1h Total contributions, gifts and grants$2,052,336
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,172,289$60,172,289
VIII-3 Investment incomeExcluded from tax $1,169,547$1,169,547
VIII-6 Net rental income or lossExcluded from tax $247,123$247,123
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $217,721$217,721
VIII-12 Total revenueRelated to mission $60,172,289 · Unrelated business $0 · Excluded from tax $1,631,682$63,856,307
Part IX · Statement of functional expenses $62,801,715 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $10,270,041$10,270,041
IX-5 Pay of current officers, directors and key staffPrograms $2,034,757 · Management $589,506 · Fundraising $107,778$2,732,041
IX-7 Other salaries and wagesPrograms $23,924,411 · Management $1,174,964 · Fundraising $1,043,670$26,143,045
IX-8 Pension plan contributionsPrograms $1,281,161 · Management $62,313 · Fundraising $56,509$1,399,983
IX-9 Other employee benefitsPrograms $3,069,649 · Management $176,666 · Fundraising $136,168$3,382,483
IX-10 Payroll taxesPrograms $1,783,257 · Management $117,871 · Fundraising $79,080$1,980,208
IX-11b Legal feesManagement $145,471$145,471
IX-11c Accounting feesManagement $79,230$79,230
IX-11g Other fees for servicesPrograms $157,439 · Management $427,504 · Fundraising $157,000$741,943
IX-12 Advertising and promotionPrograms $1,928 · Management $15,425 · Fundraising $1,927$19,280
IX-13 Office expensesPrograms $493,891 · Management $50,337 · Fundraising $36,763$580,991
IX-14 Information technologyPrograms $792,930 · Management $210,221 · Fundraising $98,458$1,101,609
IX-16 OccupancyPrograms $958,786 · Management $136,768 · Fundraising $33,892$1,129,446
IX-17 TravelPrograms $2,690,244 · Management $1,783 · Fundraising $1,783$2,693,810
IX-20 InterestPrograms $532,123 · Management $141,900 · Fundraising $35,475$709,498
IX-22 Depreciation, depletion and amortizationPrograms $2,265,833 · Management $604,222 · Fundraising $151,055$3,021,110
IX-23 InsurancePrograms $395,233 · Management $105,395 · Fundraising $26,349$526,977
IX-24 Other expenses (24a–d)Programs $5,310,750 · Management $216,896 · Fundraising $293,087$5,820,733
IX-24e All other expensesPrograms $55,002 · Management $256,041 · Fundraising $12,773$323,816
IX-25 Total functional expensesPrograms $56,017,435 · Management $4,512,513 · Fundraising $2,271,767$62,801,715
Part X · Balance sheet $107,965,847 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $17,863,633$461,244
X-2 Savings and temporary cash investmentsStart of year $190,331$17,129,560
X-3 Pledges and grants receivableStart of year $35,000$35,870
X-4 Accounts receivableStart of year $394,144$403,941
X-9 Prepaid expenses and deferred chargesStart of year $716,093$741,976
X-10c Land, buildings and equipment, netStart of year $51,978,148$59,824,703
X-11 Publicly traded securitiesStart of year $24,985,206$29,082,847
X-15 Other assetsStart of year $426,896$285,705
X-16 Total assetsStart of year $96,589,451$107,965,847
X-17 Accounts payable and accrued expensesStart of year $3,899,754$6,017,050
X-19 Deferred revenueStart of year $9,829,337$10,156,113
X-20 Tax-exempt bond liabilitiesStart of year $26,912,360$32,315,952
X-25 Other liabilitiesStart of year $337,899$215,500
X-26 Total liabilitiesStart of year $42,859,706$50,552,157
X-27 Net assets without donor restrictionsStart of year $45,785,758$48,294,154
X-28 Net assets with donor restrictionsStart of year $7,943,987$9,119,536
X-32 Total net assets or fund balancesStart of year $53,729,745$57,413,690
X-33 Total liabilities and net assetsStart of year $96,589,451$107,965,847
Part XI · Reconciliation of net assets $57,413,690 net assets at year end
XI-1 Total revenue$63,856,307
XI-2 Total expenses$62,801,715
XI-3 Revenue less expenses$1,054,592
XI-4 Net assets at start of year$53,729,745
XI-5 Net unrealized gains (losses) on investments$2,644,353
XI-9 Other changes in net assets−$15,000
XI-10 Net assets at end of year$57,413,690

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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