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Moses Brown School Foundation FY2020 filing

Tax-deductible

Providence, RI501(c)(3)Since 1970Education EIN 23-7067506Revenue $3.4M in FY2020

On file with the IRS250 Lloyd Ave, 02906-2313 · Providence, RITax-exempt since Feb 1970Supporting org, Type I — 509(a)(3)

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Moses Brown School Foundation operates exclusively for the support and benefit of Moses Brown School, a non-profit educational institution in providence, rhode island. The Foundation holds an endowment fund that is invested in a medium through which future as well as present financial needs of the School may be fulfilled.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$43K 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

FY2020 · 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 6
filings with a surplus
Average surplus $2.6M a year · 56% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$43K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Plus $40.1M in investments, Pt X · Ln 11–13
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $114K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
Spent
$1.6M
To programs
91%
Net assets
$41.0M
By yearFY2020–FY2025
Revenue
$3.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.4M
FY2021$5.1M
FY2022$2.8M
FY2023$3.1M
FY2024$2.4M
FY2025$11.1M
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.9M
FY2023$2.3M
FY2024$2.4M
FY2025$2.5M
Net assets
$41.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$41.0M
FY2021$53.5M
FY2022$46.7M
FY2023$49.4M
FY2024$55.1M
FY2025$61.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 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 Feb 1970.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $1.5M Management & general 9% · $141K

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

4 people listed on the 990; $43K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Bank of America NA
Trustee Thru December 2019
$42,696Pt VII · Sec A
Matt Glendinning
Trustee/Ex Officio
$0Pt VII · Sec A
$0Pt VII · Sec A
Shaun Levesque
Treasurer Clerk
$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 3684 $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.

See Moses Brown School Foundation 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 15aNo

Programs and updates

Manages an endowment to support and benefit Moses Brown School.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2019
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.

$1.5Mprogram 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
The Rhode Island Community FoundationFY2024$75K
Fidelity Investments Charitable Gift FundFY2024$28K
United Way of Rhode Island INCFY2024$11K
Leopold & Ruth Friedman FoundationFY2024$400
Total grants receivedfrom 4 funders$114K
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

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.4M
Ln 12
Investment incomeLn 3$1.8M
Gifts and grantsLn 1h$1.6M
Money outPt IX
$1.6M
Ln 25
Programscol B$1.5M
Managementcol C$141K
Owns and owesPt X
$41.0M
net assets · Ln 32
Cash and savingsLn 1–2$914K
Total assetsLn 16$41.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$1.8M
Gains on assetsLn 7$1.1M
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
SavingsLn 2$914K
Cash and savings togetherLn 1–2$914K
InvestmentsLn 11–13$40.1M
Total assetsLn 16$41.0M
LiabilitiesLn 26$0
Net assetsLn 32$41.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.8M$914K
InvestmentsLn 11–13$30.3M$40.1M
Total assetsLn 16$33.1M$41.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$33.1M$41.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.5M$1.5M
Pay of current officers, directors and key staffLn 5$24K$24K
Investment management feesLn 11f$118K$118K
Total functional expensesLn 25$1.6M$1.5M$141K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11.1M$2.5M$8.6M$61.0M 990 PDF
FY2024 $2.4M$2.4M$8K$55.1M 990 PDF
FY2023 $3.1M$2.3M$846K$49.4M 990 PDF
FY2022 $2.8M$1.9M$954K$46.7M 990 PDF
FY2021 $5.1M$1.6M$3.4M$53.5M 990 PDF
FY2020 Viewing $3.4M$1.6M$1.7M$41.0M 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 O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $3,351,595 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$1,566,677
I-9 Program service revenuePrior year $2,764,535$0
I-10 Investment incomePrior year $1,313,616$1,784,918
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,078,151$3,351,595
I-13 Grants and similar amounts paidPrior year $2,838,616$1,495,704
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $37,664$23,567
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $111,935$117,719
I-18 Total expensesPrior year $2,988,215$1,636,990
I-19 Revenue less expensesPrior year $1,089,936$1,714,605
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $3,351,595 across 5 lines filed
VIII-1d Related organizations$1,566,677
VIII-1h Total contributions, gifts and grants$1,566,677
VIII-3 Investment incomeExcluded from tax $654,953$654,953
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,129,965$1,129,965
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,784,918$3,351,595
Part IX · Statement of functional expenses $1,636,990 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $1,495,704$1,495,704
IX-5 Pay of current officers, directors and key staffManagement $23,567$23,567
IX-11f Investment management feesManagement $117,719$117,719
IX-25 Total functional expensesPrograms $1,495,704 · Management $141,286 · Fundraising $0$1,636,990
Part X · Balance sheet $40,991,129 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,808,644$914,483
X-11 Publicly traded securitiesStart of year $30,302,179$30,976,029
X-12 Other securities$9,100,617
X-16 Total assetsStart of year $33,110,823$40,991,129
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $33,110,823$12,808,174
X-28 Net assets with donor restrictions$28,182,955
X-32 Total net assets or fund balancesStart of year $33,110,823$40,991,129
X-33 Total liabilities and net assetsStart of year $33,110,823$40,991,129
Part XI · Reconciliation of net assets $40,991,129 net assets at year end
XI-1 Total revenue$3,351,595
XI-2 Total expenses$1,636,990
XI-3 Revenue less expenses$1,714,605
XI-4 Net assets at start of year$33,110,823
XI-5 Net unrealized gains (losses) on investments$558,564
XI-9 Other changes in net assets$5,607,137
XI-10 Net assets at end of year$40,991,129

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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