The Browning School: FY2023 Nonprofit Profile & Form 990 (EIN 13-1623918)

Revenue by fiscal year
FY2020	$28.2M
FY2021	$30.2M
FY2022	$31.3M
FY2023	$36.9M
FY2024	$32.6M
FY2024	$34.6M

Expenses by fiscal year
FY2020	$24.6M
FY2021	$26.6M
FY2022	$26.7M
FY2023	$30.2M
FY2024	$32.7M
FY2024	$35.5M

Net assets by fiscal year
FY2020	$82.1M
FY2021	$94.6M
FY2022	$86.6M
FY2023	$93.3M
FY2024	$96.2M
FY2024	$97.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1939.

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

Where the money goes

72 cents of each dollar spent went to programs.

72%

24%

Program services 72% · $21.6M Management & general 24% · $7.2M Fundraising 5% · $1.4M

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

38 people listed on the 990; $2.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

John M Botti

Head of School

$973,662Pt VII · Sec A

John Campbell

CFO

$467,417Pt VII · Sec A

Bobbi Mark

Chief Advancement Officer

$308,139Pt VII · Sec A

Eric W Ogden

Ls Head

$223,081Pt VII · Sec A

Kenneth Marshall

Dir Facilities/Security

$220,073Pt VII · Sec A

Danielle Passno

Ms Head

$219,941Pt VII · Sec A

Aaron Grill

Dir Technology

$203,128Pt VII · Sec A

Sanford M Pelz

Teacher

$182,720Pt VII · Sec A

John M Botti’s $1.1M as Head of School 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

Name	FY2024	FY2024	FY2023	FY2022	FY2021	FY2020
John M Botti	$1,078,711	$1,019,921	$973,662	$904,358	$822,904	$784,746
John Campbell	$533,259	$502,563	$467,417	$449,847	$435,522	$417,336
Bobbi Mark	$314,054	$328,314	$308,139	$294,745	$287,532	$141,346
Kenneth Marshall	$264,722	$255,781	$220,073	$197,452	$188,451	$165,137
Eric W Ogden	$252,002	$237,754	$223,081	—	—	—
Danielle Passno	$244,326	$229,120	$219,941	$210,551	$201,857	$193,567
Laurie Gruhn	—	—	—	—	—	$239,315
Mingyan Ma	$235,482	—	—	—	—	—

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 The Browning 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 boys to excel academically and develop integrity, learning, and community responsibility.

Provided by the organization

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1 program · $21.6M · in their own filed words · FY2022

01

Chartered Boys School with grades from pre-primary through fourth year high school.

$21.6Mprogram 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 · FY2024

Fidelity Investments Charitable Gift FundFY2024$141K

Donor Advised Charitable Giving INCFY2024$98K

National Philanthropic TrustFY2024$54K

The Liptak Family FoundationFY2024$53K

American Online Giving Foundation INCFY2024$40K

J & K Pi Family Foundation INCFY2024$37K

Morgan Stanley Global Impact Funding Trust INCFY2024$35K

Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$26K

Total grants receivedfrom 19 funders$558K

See all 19 funders →

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$36.9M

Ln 12

Fees for servicesLn 2g$24.7M

Gifts and grantsLn 1h$6.9M

Investment incomeLn 3$5.2M

Money outPt IX

$30.2M

Ln 25

Programscol B$21.6M

Managementcol C$7.2M

Fundraisingcol D$1.4M

Owns and owesPt X

$93.3M

net assets · Ln 32

Cash and savingsLn 1–2$8.7M

Total assetsLn 16$160.0M

LiabilitiesLn 26$66.7M

PeoplePt VI, VII

38

listed · VII A

PaidVII A8

Voting boardVI 1a24

IndependentVI 1b23

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6.9M

Government grantsLn 1e$942K

Noncash giftsLn 1g$423K

Fees for servicesLn 2g$24.7M

Investment incomeLn 3$5.2M

Other incomeLn 4–11$122K

Gains on assetsLn 7$3.7M

Total revenueLn 12$36.9M

Assets in detailPt X, end of year

CashLn 1$5.9M

SavingsLn 2$2.8M

Cash and savings togetherLn 1–2$8.7M

InvestmentsLn 11–13$59.6M

Land, buildings, equipmentLn 10c$34.1M

Other assetsLn 15$51.0M

Total assetsLn 16$160.0M

LiabilitiesLn 26$66.7M

Net assetsLn 32$93.3M

OperationsPt I, VI

EmployeesI 5179

VolunteersI 6270

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$10.4M	$8.7M
InvestmentsLn 11–13	$53.7M	$59.6M
Land, buildings, equipmentLn 10c	$30.0M	$34.1M
Total assetsLn 16	$97.8M	$160.0M
LiabilitiesLn 26	$11.2M	$66.7M
Net assetsLn 32	$86.6M	$93.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$3.9M	$3.9M
Pay of current officers, directors and key staffLn 5	$2.0M	$0	$1.7M	$333K
Other salaries and wagesLn 7	$11.1M	$7.4M	$3.2M	$488K
Pension plan contributionsLn 8	$478K	$305K	$152K	$20K
Other employee benefitsLn 9	$1.9M	$1.3M	$514K	$95K
Payroll taxesLn 10	$916K	$584K	$279K	$53K
Management feesLn 11a	$182K	$139K	$42K	$0
Legal feesLn 11b	$245K	$0	$245K	$0
Accounting feesLn 11c	$37K	$0	$37K	$0
Office expensesLn 13	$154K	$60K	$84K	$11K
Information technologyLn 14	$292K	$274K	$9K	$9K
OccupancyLn 16	$1.2M	$859K	$276K	$107K
InterestLn 20	$1.4M	$1.4M	$0	$0
Depreciation, depletion and amortizationLn 22	$2.0M	$1.8M	$127K	$127K
InsuranceLn 23	$328K	$263K	$33K	$33K
Other expenses (24a–d)Ln 24	$3.9M	$3.3M	$569K	$89K
Total functional expensesLn 25	$30.2M	$21.6M	$7.2M	$1.4M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$32.6M	$32.7M	−$38K	$96.2M	990 PDF
FY2023 Viewing	$36.9M	$30.2M	$6.6M	$93.3M	990 PDF
FY2022	$31.3M	$26.7M	$4.6M	$86.6M	990 PDF
FY2021	$30.2M	$26.6M	$3.5M	$94.6M	990 PDF
FY2020	$28.2M	$24.6M	$3.6M	$82.1M	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 FY2023 990 (6 parts)

Part I · Summary $36,859,911 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $4,548,262$6,863,256

I-9 Program service revenuePrior year $23,346,891$24,701,299

I-10 Investment incomePrior year $3,329,497$5,172,938

I-11 Other revenuePrior year $83,541$122,418

I-12 Total revenuePrior year $31,308,191$36,859,911

I-13 Grants and similar amounts paidPrior year $3,912,452$3,916,610

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $15,615,174$16,425,851

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $7,162,044$9,870,087

I-18 Total expensesPrior year $26,689,670$30,212,548

I-19 Revenue less expensesPrior year $4,618,521$6,647,363

Part VI · Governance 23 of 24 board members independent, no flags

VI-1a Voting members of the governing body24

VI-1b Independent voting members23

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 $36,859,911 across 10 lines filed

VIII-1e Government grants$942,383

VIII-1f All other contributions, gifts and grants$5,920,873

VIII-1g Noncash contributions (included above)$422,872

VIII-1h Total contributions, gifts and grants$6,863,256

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$24,701,299

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,511,380$1,511,380

VIII-6 Net rental income or lossExcluded from tax $123,903$123,903

VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,661,558$3,661,558

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$1,485−$1,485

VIII-12 Total revenueRelated to mission $24,701,299 · Unrelated business $0 · Excluded from tax $5,295,356$36,859,911

Part IX · Statement of functional expenses $30,212,548 across 16 lines filed

IX-2 Grants to domestic individualsPrograms $3,916,610$3,916,610

IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $1,677,760 · Fundraising $333,292$2,011,052

IX-7 Other salaries and wagesPrograms $7,386,106 · Management $3,197,839 · Fundraising $487,717$11,071,662

IX-8 Pension plan contributionsPrograms $305,424 · Management $152,296 · Fundraising $20,315$478,035

IX-9 Other employee benefitsPrograms $1,339,425 · Management $514,483 · Fundraising $95,086$1,948,994

IX-10 Payroll taxesPrograms $583,565 · Management $279,243 · Fundraising $53,300$916,108

IX-11a Management feesPrograms $139,252 · Management $42,400 · Fundraising $0$181,652

IX-11b Legal feesPrograms $0 · Management $244,709 · Fundraising $0$244,709

IX-11c Accounting feesPrograms $0 · Management $37,000 · Fundraising $0$37,000

IX-13 Office expensesPrograms $60,263 · Management $83,623 · Fundraising $10,548$154,434

IX-14 Information technologyPrograms $274,455 · Management $8,927 · Fundraising $8,927$292,309

IX-16 OccupancyPrograms $859,233 · Management $275,977 · Fundraising $107,404$1,242,614

IX-20 InterestPrograms $1,431,261 · Management $0 · Fundraising $0$1,431,261

IX-22 Depreciation, depletion and amortizationPrograms $1,758,668 · Management $127,444 · Fundraising $127,444$2,013,556

IX-23 InsurancePrograms $262,684 · Management $32,835 · Fundraising $32,835$328,354

IX-24 Other expenses (24a–d)Programs $3,286,020 · Management $568,926 · Fundraising $89,252$3,944,198

IX-25 Total functional expensesPrograms $21,602,966 · Management $7,243,462 · Fundraising $1,366,120$30,212,548

Part X · Balance sheet $160,015,642 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $3,231,428$5,875,797

X-2 Savings and temporary cash investmentsStart of year $7,149,193$2,790,096

X-3 Pledges and grants receivableStart of year $2,406,559$5,712,669

X-4 Accounts receivableStart of year $195,493$302,388

X-9 Prepaid expenses and deferred chargesStart of year $519,736$571,426

X-10c Land, buildings and equipment, netStart of year $30,014,520$34,083,927

X-11 Publicly traded securitiesStart of year $53,700,089$59,641,177

X-15 Other assetsStart of year $612,438$51,038,162

X-16 Total assetsStart of year $97,829,456$160,015,642

X-17 Accounts payable and accrued expensesStart of year $2,150,023$3,706,703

X-19 Deferred revenueStart of year $8,112,608$9,514,708

X-25 Other liabilitiesStart of year $963,225$53,489,503

X-26 Total liabilitiesStart of year $11,225,856$66,710,914

X-27 Net assets without donor restrictionsStart of year $53,140,227$52,786,218

X-28 Net assets with donor restrictionsStart of year $33,463,373$40,518,510

X-32 Total net assets or fund balancesStart of year $86,603,600$93,304,728

X-33 Total liabilities and net assetsStart of year $97,829,456$160,015,642

Part XI · Reconciliation of net assets $93,304,728 net assets at year end

XI-1 Total revenue$36,859,911

XI-2 Total expenses$30,212,548

XI-3 Revenue less expenses$6,647,363

XI-4 Net assets at start of year$86,603,600

XI-5 Net unrealized gains (losses) on investments$53,765

XI-10 Net assets at end of year$93,304,728

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Browning School FY2023 filing

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