Brookstone School INC FY2022 filing

Tax-deductible

Columbus, GA501(c)(3)Since 1959EducationEIN 58-6003670Revenue $24.5M in FY2022

On file with the IRSbrookstoneschool.org440 Bradley Park Dr, 31904-2901 · Columbus, GATax-exempt since Nov 1959School — 170(b)(1)(A)(ii)

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Brookstone School, Inc. is a private school providing quality education to pre-kindergarten through twelfth grade.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$710K 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

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $1.5M a year · 8% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$710K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $59K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.8M
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$24.5M
+33% vs prior year
Spent
$17.9M
To programs
87%
Net assets
$64.2M
By yearFY2021–FY2024
Revenue
$24.5M
FY2022▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2021$18.4M
FY2022$24.5M
FY2023$16.0M
FY2024$19.3M
FY2024$21.7M
Expenses
$17.9M
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2021$16.9M
FY2022$17.9M
FY2023$18.6M
FY2024$18.7M
FY2024$18.9M
Net assets
$64.2M
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021$66.6M
FY2022$64.2M
FY2023$64.1M
FY2024$67.7M
FY2024$70.2M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1959.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $15.5M Management & general 13% · $2.3M Fundraising 1% · $130K

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

34 people listed on the 990; $710K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$273,311Pt VII · Sec A
Assistant Head of School for Finance and Operations
$143,145Pt VII · Sec A
Assistant Head of Upper School
$125,749Pt VII · Sec A
Head of Intermediate School and Interim Head of Lower School
$85,915Pt VII · Sec A
Learning Center Director
$82,231Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Henry F Heil’s $272K as Head of School is at the 58th 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

NameFY2024FY2024FY2023FY2022FY2021
Mr Frank Martin Lester JR——$286,870$273,311$279,785
Henry F Heil$272,268$232,808———
Ms Laura M Cline$163,571$160,439———
Ms Laura C Einsel——$158,899$143,145—
Ms Laura C Harris————$149,109
Frank Martin Lester—$140,850———
Mrs Bonnie Smith$129,691$120,142$114,038$82,231$83,803
Mr Garry Sullivan—$128,457$117,225$125,749$128,924

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students from pre-kindergarten through twelfth grade.

Provided by the organization

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1 program · $15.5M · in their own filed words · FY2021
01

Private School

Providing quality education and related activities and auxiliary services to approximately 825 students three years of age through twelfth grade. The organization recognized contributions in the amount of $2,500 for the use of facilities and related expenses of $2,500.

$15.5Mprogram 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 1 funder$59K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$24.5M
Ln 12
Fees for servicesLn 2g$12.8M
Gifts and grantsLn 1h$6.4M
Investment incomeLn 3$5.1M
Money outPt IX
$17.9M
Ln 25
Programscol B$15.5M
Managementcol C$2.3M
Fundraisingcol D$130K
Owns and owesPt X
$64.2M
net assets · Ln 32
Cash and savingsLn 1–2$7.7M
Total assetsLn 16$71.0M
LiabilitiesLn 26$6.8M
PeoplePt VI, VII
34
listed · VII A
PaidVII A5
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.4M
Government grantsLn 1e$0
Noncash giftsLn 1g$3.1M
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$12.8M
Investment incomeLn 3$5.1M
Other incomeLn 4–11$167K
Gains on assetsLn 7$4.3M
Total revenueLn 12$24.5M
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$7.7M
Cash and savings togetherLn 1–2$7.7M
InvestmentsLn 11–13$35.5M
Land, buildings, equipmentLn 10c$19.6M
Other assetsLn 15$3.7M
Total assetsLn 16$71.0M
LiabilitiesLn 26$6.8M
Net assetsLn 32$64.2M
OperationsPt I, VI
EmployeesI 5330
VolunteersI 6325
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$8.4M$7.7M
InvestmentsLn 11–13$38.9M$35.5M
Land, buildings, equipmentLn 10c$21.0M$19.6M
Total assetsLn 16$72.2M$71.0M
LiabilitiesLn 26$5.6M$6.8M
Net assetsLn 32$66.6M$64.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.1M$612K$442K$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$7.4M$6.8M$550K$63K
Pension plan contributionsLn 8$247K$228K$18K$2K
Other employee benefitsLn 9$1.1M$948K$192K$5K
Payroll taxesLn 10$632K$565K$63K$5K
Legal feesLn 11b$12K$7K$4K$283
Investment management feesLn 11f$136K$84K$48K$3K
Other fees for servicesLn 11g$54K$34K$19K$1K
Advertising and promotionLn 12$21K$13K$8K$516
OccupancyLn 16$1.0M$986K$61K$0
InterestLn 20$30K$18K$11K$726
Depreciation, depletion and amortizationLn 22$1.8M$1.7M$35K$0
InsuranceLn 23$120K$113K$7K$0
Other expenses (24a–d)Ln 24$4.2M$3.4M$800K$50K
Total functional expensesLn 25$17.9M$15.5M$2.3M$130K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $19.3M$18.7M$595K$67.7M 990 PDF
FY2023 $16.0M$18.6M−$2.6M$64.1M 990 PDF
FY2022 Viewing $24.5M$17.9M$6.6M$64.2M 990 PDF
FY2021 $18.4M$16.9M$1.5M$66.6M 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 FY2022 990 (6 parts)
Part I · Summary $24,481,396 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,227,004$6,437,134
I-9 Program service revenuePrior year $11,491,333$12,752,612
I-10 Investment incomePrior year $2,505,192$5,124,924
I-11 Other revenuePrior year $158,995$166,726
I-12 Total revenuePrior year $18,382,524$24,481,396
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $9,895,571$10,456,074
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,018,882$7,417,627
I-18 Total expensesPrior year $16,914,453$17,873,701
I-19 Revenue less expensesPrior year $1,468,071$6,607,695
Part VI · Governance 29 of 29 board members independent, 3 to look at
VI-1a Voting members of the governing body29
VI-1b Independent voting members29
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $24,481,396 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$6,437,134
VIII-1g Noncash contributions (included above)$3,062,122
VIII-1h Total contributions, gifts and grants$6,437,134
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,752,612 · Unrelated business $0 · Excluded from tax $0$12,752,612
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $833,033$833,033
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,291,891$4,291,891
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $166,726 · Unrelated business $0 · Excluded from tax $0$166,726
VIII-12 Total revenueRelated to mission $12,919,338 · Unrelated business $0 · Excluded from tax $5,124,924$24,481,396
Part IX · Statement of functional expenses $17,873,701 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $611,635 · Management $441,503 · Fundraising $0$1,053,138
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $6,766,222 · Management $549,875 · Fundraising $62,695$7,378,792
IX-8 Pension plan contributionsPrograms $227,812 · Management $17,617 · Fundraising $1,881$247,310
IX-9 Other employee benefitsPrograms $947,709 · Management $191,751 · Fundraising $5,084$1,144,544
IX-10 Payroll taxesPrograms $564,512 · Management $63,202 · Fundraising $4,576$632,290
IX-11b Legal feesPrograms $7,186 · Management $4,113 · Fundraising $283$11,582
IX-11f Investment management feesPrograms $84,242 · Management $48,210 · Fundraising $3,313$135,765
IX-11g Other fees for servicesPrograms $33,736 · Management $19,307 · Fundraising $1,327$54,370
IX-12 Advertising and promotionPrograms $13,124 · Management $7,511 · Fundraising $516$21,151
IX-16 OccupancyPrograms $985,845 · Management $60,760 · Fundraising $0$1,046,605
IX-20 InterestPrograms $18,453 · Management $10,560 · Fundraising $726$29,739
IX-22 Depreciation, depletion and amortizationPrograms $1,749,232 · Management $35,133 · Fundraising $0$1,784,365
IX-23 InsurancePrograms $113,360 · Management $6,987 · Fundraising $0$120,347
IX-24 Other expenses (24a–d)Programs $3,363,708 · Management $800,435 · Fundraising $49,560$4,213,703
IX-25 Total functional expensesPrograms $15,486,776 · Management $2,256,964 · Fundraising $129,961$17,873,701
Part X · Balance sheet $71,035,506 assets, 22 lines filed
Asset lines not itemized here account for $1,066,916; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $5,446$5,446
X-2 Savings and temporary cash investmentsStart of year $8,441,307$7,735,032
X-3 Pledges and grants receivableStart of year $689,270$2,796,251
X-4 Accounts receivableStart of year $126,950$86,020
X-8 Inventories for sale or useStart of year $351,868$395,814
X-9 Prepaid expenses and deferred chargesStart of year $178,542$156,491
X-10c Land, buildings and equipment, netStart of year $21,045,660$19,581,410
X-11 Publicly traded securitiesStart of year $38,873,747$31,437,678
X-12 Other securities$4,077,333
X-15 Other assetsStart of year $409,367$3,697,115
X-16 Total assetsStart of year $72,235,814$71,035,506
X-17 Accounts payable and accrued expensesStart of year $1,001,927$2,171,955
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $4,600,182$4,618,670
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $5,602,109$6,790,625
X-27 Net assets without donor restrictionsStart of year $32,486,509$32,707,560
X-28 Net assets with donor restrictionsStart of year $34,147,196$31,537,321
X-32 Total net assets or fund balancesStart of year $66,633,705$64,244,881
X-33 Total liabilities and net assetsStart of year $72,235,814$71,035,506
Part XI · Reconciliation of net assets $64,244,881 net assets at year end
XI-1 Total revenue$24,481,396
XI-2 Total expenses$17,873,701
XI-3 Revenue less expenses$6,607,695
XI-4 Net assets at start of year$66,633,705
XI-5 Net unrealized gains (losses) on investments−$9,006,000
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$9,481
XI-10 Net assets at end of year$64,244,881

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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