Moses Brown School Foundation EIN 23-7067506 Form 990 (PDF) Claim this org

Moses Brown School Foundation

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Manages an endowment to support and benefit Moses Brown School. For fiscal year 2024 it reported $11.1M in revenue, $2.5M in expenses, and $61.0M in net assets.Pt I

Founded
1970
Type
Supporting organization · Education
Location
Providence, RI
Filings
5 on file (2020–2024)
Revenue
$11.1MFY2024
Expenses
$2.5M
Net assets
$61.0M
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7067506 Supporting organization Providence, RI Founded 1970
Form 990 (PDF)
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Figures match the IRS filing checked 7/22/26 · see original: IRS
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Size
$10–100M
What they do
Manages an endowment to support and benefit Moses Brown School.
Leadership
Reza Taleghani · Trustee, Clerk Moses Brown
Money in and out
$11.1M revenue, $2.5M expenses
Bottom line
+77% net inflow
Money in and out · FY2024
Total revenue
$11.1M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$61.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8.6M
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Net inflow
+77%
revenue over expenses, this year▲ ×227 vs prior filing year
Pass-through gifts
3%
of revenue from contributions▼ -95% vs prior filing year
Program spending
95%
of expenses reach stated programs-0.05% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$11.1M
FY2024▲ +357%
Expenses
$2.5M
FY2024▲ +3%
Total assets
$61.0M
FY2024▲ +11%
Total liabilities
$0
FY2024
Total revenue
$11.1M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$61.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$8.6M
Total assetsPt X · Ln 16$61.0M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $2.4M of program spending, described in the organization's own filed words · FY2024.
01

The foundation holds the endowment assets for the benefit of moses brown school, and assumes responsibility for the prudent investing of the investments to maximize long-term growth and income to support the school's operations and capital projects.

$2.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMoses Brown School Foundation
EINHdr · item D23-7067506
Principal addressHdr · item CProvidence, RI
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1970
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B11)
Ruling yearIRS BMFFeb 1970

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Trustee, Clerk Moses Brown
$0Pt VII · Sec A
Trustee, Clerk Moses Brown
$0Pt VII · Sec A
Trustee, Treasurer Moses Brown
$0Pt VII · Sec A
Trustee, Clerk/Secretary
$0Pt VII · Sec A

Bank of America NA’s $43K as Trustee Thru December 2019 is at the 1st 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.

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Statement of Revenue

Part VIII
Investment income$10.8M · 97%
Contributions & grants$340K · 3%
Investment income97%$10.8M
Contributions & grants3%$340K
Total revenueLn 12$11.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$2.4M
Management & general5%$116K
Total functional expensesLn 25$2.5M

Balance Sheet

Part X · end of year
CashLn 1$827K
Total assetsLn 16$61.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$61.0M
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $61.0M · Operating expenses/yr $2.5M
291.3 months
Where the money goes
Program services
Program services $2.4M · Total expenses $2.5M
95%
Management & General
Management & general $116K · Total expenses $2.5M
5%
Fundraising
Fundraising $0 · Total expenses $2.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.1M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $340K · Total revenue $11.1M
3%
Government reliance
Government grants — · Total revenue $11.1M
Earned-income share
Program service revenue $0 · Total revenue $11.1M
0%
Investment reliance
Investment income $10.8M · Total revenue $11.1M
+97%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.5M
0%
Growth & trend
Revenue growth (YoY)
This year $11.1M · Prior year $2.4M
+357%
Revenue CAGR
FY2019 $3.4M · FY2024 $11.1M
+27%
Net-asset trend (YoY)
End of year $61.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $11.1M · Expenses $2.5M
+77%
Liabilities-to-Assets
Total liabilities — · Total assets $61.0M
Net-asset ratio
Net assets $61.0M · Total assets $61.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $40.1M · Other securities (Pt X, ln 12) $20.0M · Total assets (Pt X, ln 16) $61.0M
99%
People & payroll
Highest Reported Total Compensation
Individual Reza Taleghani · Reported title TRUSTEE, CLERK MOSES BROWN · Highest reported compensation $0 · Total expenses $2.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $2.5M
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Revenue growth 357%

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 · FY2024
See all 4 funders →
Grants paid · 5 grants · $9.3M · 2019–2023
Moses Brown SchoolFY2023$2,321,715
Moses Brown SchoolFY2022$2,164,265
Moses Brown SchoolFY2021$1,761,535
Moses Brown SchoolFY2020$1,514,695
Moses Brown SchoolFY2019$1,495,704

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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$2.4M revenue · ⤓ 990 PDF
FY2023$3.1M revenue · ⤓ 990 PDF
FY2022$2.8M revenue · ⤓ 990 PDF
FY2021$5.1M revenue · ⤓ 990 PDF
FY2020$3.4M 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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