The Brearley School FY2019 filing

Tax-deductible

New York, NY501(c)(3)Since 1884EducationEIN 13-1623915Revenue $50.8M in FY2019

On file with the IRSbrearley.org610 East 83rd Street, 10028-7902 · New York, NYTax-exempt since Nov 1946Publicly supported charity — 170(b)(1)(A)(vi)

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Private educational institution in new york city that provides a quality education to girls in grades k-12.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$2.4M 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

FY2019 · 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
6 of 7
filings with a surplus
Average surplus $5.9M a year · 10% of revenue · last 7 filings
Fine: a surplus in 6 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.4M
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
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $2K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$84.1M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50.8M
Spent
$45.9M
To programs
72%
Net assets
$258.7M
By yearFY2019–FY2025
Revenue
$50.8M
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$50.8M
FY2020$67.3M
FY2021$54.7M
FY2022$64.3M
FY2023$56.1M
FY2024$68.2M
FY2025$69.3M
Expenses
$45.9M
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$45.9M
FY2020$49.4M
FY2021$54.2M
FY2022$53.5M
FY2023$57.6M
FY2024$62.0M
FY2025$66.4M
Net assets
$258.7M
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019$258.7M
FY2020$261.0M
FY2021$295.6M
FY2022$265.4M
FY2023$275.9M
FY2024$301.6M
FY2025$322.9M

From the FY2019 Form 990 (year ending June 2019) · figures checked against the IRS filing · see the original

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You’re viewing the FY2019 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 Nov 1946.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $33.0M Management & general 24% · $11.0M Fundraising 4% · $1.9M

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

32 people listed on the 990; $2.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2018); the FY2019 filing did not itemize Part VII
Head of School
$666,709Pt VII · Sec A
$380,875Pt VII · Sec A
Director of Development
$286,683Pt VII · Sec A
Director of Athletics
$230,314Pt VII · Sec A
Asst. Head for Academic Life
$229,760Pt VII · Sec A
Head of Upper School
$220,441Pt VII · Sec A
Head of Lower School
$211,520Pt VII · Sec A
Director of College Advising
$202,915Pt VII · Sec A

Jane Foley Fried’s $958K as Head of School (to 6/25) is at the 99th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jane Foley Fried$957,520$922,302$1,036,862$903,372$860,606$805,388
Rahul Tripathi$503,489$486,573$467,998$488,724$651,590$403,830
James E Mulkin$400,254$338,677$319,524$289,834$274,849$245,065
Anne Bergen———$317,824$307,141$297,513
Phoebe Geer$312,190$300,910$271,202$160,176——
Maria-Anna Zimmermann$277,735$265,862$254,876$244,408$243,967$226,721
Doris Coleman$245,103$275,291$233,538$228,222$224,534$209,731
Carolyn Clark$271,333$273,636$250,520$240,091$231,593$216,871

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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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 girls in New York City from kindergarten through twelfth grade.

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Provided by the organization

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1 program · $33.0M · in their own filed words · FY2018
01

The 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…

$33.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$2K

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$50.8M
Ln 12
Fees for servicesLn 2g$36.8M
Gifts and grantsLn 1h$7.7M
Investment incomeLn 3$5.7M
Money outPt IX
$45.9M
Ln 25
Programscol B$33.0M
Managementcol C$11.0M
Fundraisingcol D$1.9M
Owns and owesPt X
$258.7M
net assets · Ln 32
Cash and savingsLn 1–2$27.6M
Total assetsLn 16$342.8M
LiabilitiesLn 26$84.1M
PeoplePt VI, VII
32
listed · VII A
PaidVII A8
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.7M
Government grantsLn 1e$277K
Noncash giftsLn 1g$959K
Fundraising eventsLn 1c$393K
Fees for servicesLn 2g$36.8M
Investment incomeLn 3$5.7M
Other incomeLn 4–11$550K
Gains on assetsLn 7$3.3M
Total revenueLn 12$50.8M
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$27.6M
Cash and savings togetherLn 1–2$27.6M
InvestmentsLn 11–13$144.2M
Land, buildings, equipmentLn 10c$143.6M
Other assetsLn 15$1.3M
Total assetsLn 16$342.8M
LiabilitiesLn 26$84.1M
Net assetsLn 32$258.7M
OperationsPt I, VI
EmployeesI 5376
VolunteersI 6176
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 FY19End FY19
Cash and savingsLn 1–2$50.1M$27.6M
InvestmentsLn 11–13$143.7M$144.2M
Land, buildings, equipmentLn 10c$108.9M$143.6M
Total assetsLn 16$337.1M$342.8M
LiabilitiesLn 26$83.8M$84.1M
Net assetsLn 32$253.2M$258.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$6.2M$6.2M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.8M$529K$705K$529K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$19.4M$14.5M$4.2M$725K
Pension plan contributionsLn 8$1.8M$1.4M$364K$35K
Other employee benefitsLn 9$3.3M$2.4M$724K$153K
Payroll taxesLn 10$1.5M$1.1M$349K$85K
Management feesLn 11a$0
Legal feesLn 11b$24K$24K
Accounting feesLn 11c$115K$115K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$13K$13K
Investment management feesLn 11f$490K$490K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$75K$42K$33K
Office expensesLn 13$1.2M$350K$824K$4K
Information technologyLn 14$537K$104K$433K
RoyaltiesLn 15$0
OccupancyLn 16$902K$902K
TravelLn 17$633K$551K$73K$9K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$147K$100K$42K$5K
InterestLn 20$1.4M$1.4M
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1.6M$1.1M$362K$88K
InsuranceLn 23$505K$505K
Other expenses (24a–d)Ln 24$1.5M$1.4M$138K
All other expensesLn 24e$2.8M$2.3M$289K$260K
Total functional expensesLn 25$45.9M$33.0M$11.0M$1.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $69.3M$66.4M$2.9M$322.9M 990 PDF
FY2024 $68.2M$62.0M$6.2M$301.6M 990 PDF
FY2023 $56.1M$57.6M−$1.5M$275.9M 990 PDF
FY2022 $64.3M$53.5M$10.7M$265.4M 990 PDF
FY2021 $54.7M$54.2M$450K$295.6M 990 PDF
FY2020 $67.3M$49.4M$17.9M$261.0M 990 PDF
FY2019 Viewing $50.8M$45.9M$4.9M$258.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2019 990 (6 parts)
Part I · Summary $50,772,548 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,075,593$7,686,453
I-9 Program service revenuePrior year $35,190,365$36,815,903
I-10 Investment incomePrior year $4,210,507$5,720,691
I-11 Other revenuePrior year $578,742$549,501
I-12 Total revenuePrior year $60,055,207$50,772,548
I-13 Grants and similar amounts paidPrior year $5,690,637$6,192,756
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $27,484,376$27,753,574
I-16a Professional fundraising feesPrior year $26,600$13,125
I-17 Other expensesPrior year $12,477,666$11,922,430
I-18 Total expensesPrior year $45,679,279$45,881,885
I-19 Revenue less expensesPrior year $14,375,928$4,890,663
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
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 $50,772,548 across 12 lines filed
VIII-1c Fundraising events$393,303
VIII-1e Government grants$276,783
VIII-1f All other contributions, gifts and grants$7,016,367
VIII-1g Noncash contributions (included above)$958,734
VIII-1h Total contributions, gifts and grants$7,686,453
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $36,815,903$36,815,903
VIII-3 Investment incomeExcluded from tax $2,447,897$2,447,897
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $531,777$531,777
VIII-7 Net gain or loss on sales of assetsUnrelated business $77,269 · Excluded from tax $3,195,525$3,272,794
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $17,724$17,724
VIII-12 Total revenueRelated to mission $36,815,903 · Unrelated business $94,993 · Excluded from tax $6,175,199$50,772,548
Part IX · Statement of functional expenses $45,881,885 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $6,192,756$6,192,756
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $528,529 · Management $704,708 · Fundraising $528,531$1,761,768
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $14,496,076 · Management $4,162,357 · Fundraising $725,427$19,383,860
IX-8 Pension plan contributionsPrograms $1,399,817 · Management $363,594 · Fundraising $35,234$1,798,645
IX-9 Other employee benefitsPrograms $2,394,610 · Management $724,280 · Fundraising $153,157$3,272,047
IX-10 Payroll taxesPrograms $1,103,497 · Management $349,182 · Fundraising $84,575$1,537,254
IX-11a Management fees$0
IX-11b Legal feesManagement $24,114$24,114
IX-11c Accounting feesManagement $114,734$114,734
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $13,125$13,125
IX-11f Investment management feesManagement $490,244$490,244
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $41,841 · Fundraising $32,943$74,784
IX-13 Office expensesPrograms $350,060 · Management $823,803 · Fundraising $3,845$1,177,708
IX-14 Information technologyPrograms $103,600 · Management $433,281$536,881
IX-15 Royalties$0
IX-16 OccupancyPrograms $902,354$902,354
IX-17 TravelPrograms $551,254 · Management $72,636 · Fundraising $9,085$632,975
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $99,785 · Management $41,529 · Fundraising $5,266$146,580
IX-20 InterestManagement $1,376,736$1,376,736
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,143,158 · Management $361,732 · Fundraising $87,615$1,592,505
IX-23 InsuranceManagement $505,222$505,222
IX-24 Other expenses (24a–d)Programs $1,402,169 · Management $138,256$1,540,425
IX-24e All other expensesPrograms $2,258,250 · Management $288,797 · Fundraising $260,121$2,807,168
IX-25 Total functional expensesPrograms $32,967,756 · Management $10,975,205 · Fundraising $1,938,924$45,881,885
Part X · Balance sheet $342,806,374 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $10,925$3,760
X-2 Savings and temporary cash investmentsStart of year $50,095,268$27,619,560
X-3 Pledges and grants receivableStart of year $27,718,927$18,617,670
X-4 Accounts receivableStart of year $4,837,820$6,985,573
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $672,530$432,616
X-10c Land, buildings and equipment, netStart of year $108,851,141$143,634,857
X-11 Publicly traded securitiesStart of year $37,615,508$49,398,817
X-12 Other securitiesStart of year $106,125,494$94,776,380
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $1,145,295$1,337,141
X-16 Total assetsStart of year $337,072,908$342,806,374
X-17 Accounts payable and accrued expensesStart of year $10,777,560$9,410,600
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $22,480,665$24,661,529
X-20 Tax-exempt bond liabilitiesStart of year $48,754,448$48,800,156
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,818,120$1,237,489
X-26 Total liabilitiesStart of year $83,830,793$84,109,774
X-32 Total net assets or fund balancesStart of year $253,242,115$258,696,600
X-33 Total liabilities and net assetsStart of year $337,072,908$342,806,374
Part XI · Reconciliation of net assets $258,696,600 net assets at year end
XI-1 Total revenue$50,772,548
XI-2 Total expenses$45,881,885
XI-3 Revenue less expenses$4,890,663
XI-4 Net assets at start of year$253,242,115
XI-5 Net unrealized gains (losses) on investments$1,123,226
XI-9 Other changes in net assets−$559,404
XI-10 Net assets at end of year$258,696,600

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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