Brookstone School INC FY2023 filing

Tax-deductible

Columbus, GA501(c)(3)Since 1959EducationEIN 58-6003670

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.
$984K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
$984K
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
4 mo
of spending, in cash
Looks good: 3.9 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
$7.0M
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.0M
-35% vs prior year
Spent
$18.6M
To programs
87%
Net assets
$64.1M
By yearFY2021–FY2024
Revenue
$16.0M
FY2023▼ -35%
Revenue by fiscal year
FY2021$18.4M
FY2022$24.5M
FY2023$16.0M
FY2024$19.3M
FY2024$21.7M
Expenses
$18.6M
FY2023▲ +4%
Expenses by fiscal year
FY2021$16.9M
FY2022$17.9M
FY2023$18.6M
FY2024$18.7M
FY2024$18.9M
Net assets
$64.1M
FY2023-0.2%
Net assets by fiscal year
FY2021$66.6M
FY2022$64.2M
FY2023$64.1M
FY2024$67.7M
FY2024$70.2M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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% · $16.2M Management & general 12% · $2.2M Fundraising 1% · $145K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

35 people listed on the 990; $984K 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
$286,870Pt VII · Sec A
Assistant Head of School for Finance and Operations
$158,899Pt VII · Sec A
Assistant Head of Upper School
$117,225Pt VII · Sec A
Learning Center Director and Assistant Head of School
$114,038Pt VII · Sec A
Athletic Director
$110,280Pt VII · Sec A
Head of Intermediate School and Interim Head of Lower School
$108,314Pt VII · Sec A
Head of Middle School
$88,000Pt 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 service account for $16.2M of program spending, described in the organization's own filed words · FY2022.
01

Private School

Providing quality education and related activities and auxiliary services to approximately 830 students three years of age through twelfth grade.

$16.2Mprogram expense

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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 FY2023 990, line by line.

1The main four
Money inPt VIII
$16.0M
Ln 12
Fees for servicesLn 2g$12.8M
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$1.3M
Money outPt IX
$18.6M
Ln 25
Programscol B$16.2M
Managementcol C$2.2M
Fundraisingcol D$145K
Owns and owesPt X
$64.1M
net assets · Ln 32
Cash and savingsLn 1–2$6.1M
Total assetsLn 16$71.1M
LiabilitiesLn 26$7.0M
PeoplePt VI, VII
35
listed · VII A
PaidVII A7
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$0
Noncash giftsLn 1g$424K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$12.8M
Investment incomeLn 3$1.3M
Other incomeLn 4–11$156K
Gains on assetsLn 7$282K
Total revenueLn 12$16.0M
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$6.1M
Cash and savings togetherLn 1–2$6.1M
InvestmentsLn 11–13$37.9M
Land, buildings, equipmentLn 10c$24.4M
Other assetsLn 15$148K
Total assetsLn 16$71.1M
LiabilitiesLn 26$7.0M
Net assetsLn 32$64.1M
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 FY23End FY23
Cash and savingsLn 1–2$7.7M$6.1M
InvestmentsLn 11–13$35.5M$37.9M
Land, buildings, equipmentLn 10c$19.6M$24.4M
Total assetsLn 16$71.0M$71.1M
LiabilitiesLn 26$6.8M$7.0M
Net assetsLn 32$64.2M$64.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.1M$683K$465K$0
Other salaries and wagesLn 7$7.7M$6.9M$677K$66K
Pension plan contributionsLn 8$233K$201K$30K$2K
Other employee benefitsLn 9$1.1M$959K$141K$5K
Payroll taxesLn 10$661K$569K$86K$7K
Legal feesLn 11b$9K$6K$2K$252
Investment management feesLn 11f$125K$109K$15K$1K
Other fees for servicesLn 11g$55K$38K$15K$2K
Advertising and promotionLn 12$33K$23K$9K$919
OccupancyLn 16$1.2M$1.1M$69K$0
InterestLn 20$40K$28K$11K$1K
Depreciation, depletion and amortizationLn 22$1.8M$1.8M$34K$0
InsuranceLn 23$108K$102K$6K$0
Other expenses (24a–d)Ln 24$4.4M$3.7M$658K$60K
Total functional expensesLn 25$18.6M$16.2M$2.2M$145K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $19.3M$18.7M$595K$67.7M 990 PDF
FY2023 Viewing $16.0M$18.6M−$2.6M$64.1M 990 PDF
FY2022 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $15,980,959 across 16 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$1,720,622
VIII-1g Noncash contributions (included above)$423,870
VIII-1h Total contributions, gifts and grants$1,720,622
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,800,725 · Unrelated business $0 · Excluded from tax $0$12,800,725
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,021,322$1,021,322
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated 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 $282,481$282,481
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $155,809 · Unrelated business $0 · Excluded from tax $0$155,809
VIII-12 Total revenueRelated to mission $12,956,534 · Unrelated business $0 · Excluded from tax $1,303,803$15,980,959
Part IX · Statement of functional expenses $18,603,458 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $683,283 · Management $465,034 · Fundraising $0$1,148,317
IX-7 Other salaries and wagesPrograms $6,939,522 · Management $676,774 · Fundraising $66,481$7,682,777
IX-8 Pension plan contributionsPrograms $200,565 · Management $30,318 · Fundraising $2,332$233,215
IX-9 Other employee benefitsPrograms $958,683 · Management $141,015 · Fundraising $5,219$1,104,917
IX-10 Payroll taxesPrograms $568,786 · Management $85,979 · Fundraising $6,614$661,379
IX-11b Legal feesPrograms $6,247 · Management $2,446 · Fundraising $252$8,945
IX-11f Investment management feesPrograms $109,131 · Management $15,053 · Fundraising $1,254$125,438
IX-11g Other fees for servicesPrograms $38,236 · Management $14,973 · Fundraising $1,541$54,750
IX-12 Advertising and promotionPrograms $22,804 · Management $8,930 · Fundraising $919$32,653
IX-16 OccupancyPrograms $1,112,995 · Management $68,597 · Fundraising $0$1,181,592
IX-20 InterestPrograms $28,050 · Management $10,984 · Fundraising $1,130$40,164
IX-22 Depreciation, depletion and amortizationPrograms $1,809,758 · Management $33,898 · Fundraising $0$1,843,656
IX-23 InsurancePrograms $102,033 · Management $6,289 · Fundraising $0$108,322
IX-24 Other expenses (24a–d)Programs $3,659,426 · Management $658,163 · Fundraising $59,744$4,377,333
IX-25 Total functional expensesPrograms $16,239,519 · Management $2,218,453 · Fundraising $145,486$18,603,458
Part X · Balance sheet $71,051,784 assets, 22 lines filed
Asset lines not itemized here account for $14,090; 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 $7,735,032$6,102,525
X-3 Pledges and grants receivableStart of year $2,796,251$1,715,499
X-4 Accounts receivableStart of year $86,020$89,456
X-8 Inventories for sale or useStart of year $395,814$351,808
X-9 Prepaid expenses and deferred chargesStart of year $156,491$320,270
X-10c Land, buildings and equipment, netStart of year $19,581,410$24,354,798
X-11 Publicly traded securitiesStart of year $31,437,678$34,044,109
X-12 Other securitiesStart of year $4,077,333$3,905,486
X-15 Other assetsStart of year $3,697,115$148,297
X-16 Total assetsStart of year $71,035,506$71,051,784
X-17 Accounts payable and accrued expensesStart of year $2,171,955$1,062,905
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $4,618,670$4,467,345
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 $6,790,625$6,955,177
X-27 Net assets without donor restrictionsStart of year $32,707,560$33,457,538
X-28 Net assets with donor restrictionsStart of year $31,537,321$30,639,069
X-32 Total net assets or fund balancesStart of year $64,244,881$64,096,607
X-33 Total liabilities and net assetsStart of year $71,035,506$71,051,784
Part XI · Reconciliation of net assets $64,096,607 net assets at year end
XI-1 Total revenue$15,980,959
XI-2 Total expenses$18,603,458
XI-3 Revenue less expenses−$2,622,499
XI-4 Net assets at start of year$64,244,881
XI-5 Net unrealized gains (losses) on investments$2,490,150
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−$15,925
XI-10 Net assets at end of year$64,096,607

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

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