Brookstone School INC FY2024 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.
86¢ of each $1 spent went to programs.
$1.2M 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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FY2024 · 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 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
$6.4M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.3M
+21% vs prior year
Spent
$18.7M
To programs
86%
Net assets
$67.7M
By yearFY2021–FY2024
Revenue
$19.3M
FY2024▲ +21%
Revenue by fiscal year
FY2021$18.4M
FY2022$24.5M
FY2023$16.0M
FY2024$19.3M
FY2024$21.7M
Expenses
$18.7M
FY2024▲ +0.5%
Expenses by fiscal year
FY2021$16.9M
FY2022$17.9M
FY2023$18.6M
FY2024$18.7M
FY2024$18.9M
Net assets
$67.7M
FY2024▲ +6%
Net assets by fiscal year
FY2021$66.6M
FY2022$64.2M
FY2023$64.1M
FY2024$67.7M
FY2024$70.2M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

86 cents of each dollar spent went to programs.

Program services 86% · $16.1M Management & general 12% · $2.3M Fundraising 1% · $239K

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

Who runs it and what they're paid

29 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of School
$232,808Pt VII · Sec A
Assistant Head of School for Finance and Operations
$160,439Pt VII · Sec A
Head of School
$140,850Pt VII · Sec A
Assistant Head of Upper School
$128,457Pt VII · Sec A
Learning Center Director and Assistant Head of School
$120,142Pt VII · Sec A
Athletic Director
$119,034Pt VII · Sec A
Academic Dean
$102,842Pt VII · Sec A
Head of Intermediate School and Interim Head of Lower School
$88,877Pt 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 $16.1M of program spending, described in the organization's own filed words · FY2023.
01

Private School

Providing quality education and related activities and auxiliary services to approximately 823 students three years of age through twelfth grade.

$16.1Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$19.3M
Ln 12
Fees for servicesLn 2g$13.7M
Gifts and grantsLn 1h$3.6M
Investment incomeLn 3$1.9M
Money outPt IX
$18.7M
Ln 25
Programscol B$16.1M
Managementcol C$2.3M
Fundraisingcol D$239K
Owns and owesPt X
$67.7M
net assets · Ln 32
Cash and savingsLn 1–2$6.0M
Total assetsLn 16$74.1M
LiabilitiesLn 26$6.4M
PeoplePt VI, VII
29
listed · VII A
PaidVII A9
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.6M
Government grantsLn 1e$0
Noncash giftsLn 1g$297K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$13.7M
Investment incomeLn 3$1.9M
Other incomeLn 4–11$115K
Gains on assetsLn 7$565K
Total revenueLn 12$19.3M
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$5.9M
Cash and savings togetherLn 1–2$6.0M
InvestmentsLn 11–13$40.9M
Land, buildings, equipmentLn 10c$22.9M
Other assetsLn 15$148K
Total assetsLn 16$74.1M
LiabilitiesLn 26$6.4M
Net assetsLn 32$67.7M
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 FY24End FY24
Cash and savingsLn 1–2$6.1M$6.0M
InvestmentsLn 11–13$37.9M$40.9M
Land, buildings, equipmentLn 10c$24.4M$22.9M
Total assetsLn 16$71.1M$74.1M
LiabilitiesLn 26$7.0M$6.4M
Net assetsLn 32$64.1M$67.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.1M$620K$455K$75K
Other salaries and wagesLn 7$7.7M$7.0M$658K$68K
Pension plan contributionsLn 8$239K$188K$48K$2K
Other employee benefitsLn 9$1.1M$877K$222K$11K
Payroll taxesLn 10$677K$535K$135K$7K
Legal feesLn 11b$8K$6K$2K$250
Investment management feesLn 11f$136K$117K$16K$3K
Other fees for servicesLn 11g$57K$41K$14K$2K
Advertising and promotionLn 12$40K$29K$10K$1K
OccupancyLn 16$1.1M$996K$64K
InterestLn 20$37K$27K$9K$1K
Depreciation, depletion and amortizationLn 22$1.9M$1.8M$37K$0
InsuranceLn 23$125K$117K$7K
Other expenses (24a–d)Ln 24$4.5M$3.8M$648K$69K
Total functional expensesLn 25$18.7M$16.1M$2.3M$239K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $19.3M$18.7M$595K$67.7M 990 PDF
FY2023 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $19,292,268 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$3,611,174
VIII-1g Noncash contributions (included above)$297,033
VIII-1h Total contributions, gifts and grants$3,611,174
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,700,437 · Unrelated business $0 · Excluded from tax $0$13,700,437
VIII-3 Investment incomeRelated to mission $1,301,161 · Unrelated business $0 · Excluded from tax $0$1,301,161
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 $564,540 · Unrelated business $0 · Excluded from tax $0$564,540
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $114,956 · Unrelated business $0 · Excluded from tax $0$114,956
VIII-12 Total revenueRelated to mission $15,681,094 · Unrelated business $0 · Excluded from tax $0$19,292,268
Part IX · Statement of functional expenses $18,696,994 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $619,648 · Management $455,000 · Fundraising $75,000$1,149,648
IX-7 Other salaries and wagesPrograms $6,996,194 · Management $657,738 · Fundraising $67,863$7,721,795
IX-8 Pension plan contributionsPrograms $188,463 · Management $47,712 · Fundraising $2,386$238,561
IX-9 Other employee benefitsPrograms $877,081 · Management $222,046 · Fundraising $11,102$1,110,229
IX-10 Payroll taxesPrograms $534,761 · Management $135,383 · Fundraising $6,769$676,913
IX-11b Legal feesPrograms $5,999 · Management $2,083 · Fundraising $250$8,332
IX-11f Investment management feesPrograms $117,255 · Management $16,361 · Fundraising $2,727$136,343
IX-11g Other fees for servicesPrograms $41,388 · Management $14,371 · Fundraising $1,725$57,484
IX-12 Advertising and promotionPrograms $28,707 · Management $9,968 · Fundraising $1,196$39,871
IX-16 OccupancyPrograms $996,206 · Management $63,588$1,059,794
IX-20 InterestPrograms $26,731 · Management $9,282 · Fundraising $1,113$37,126
IX-22 Depreciation, depletion and amortizationPrograms $1,825,073 · Management $37,246 · Fundraising $0$1,862,319
IX-23 InsurancePrograms $117,127 · Management $7,476$124,603
IX-24 Other expenses (24a–d)Programs $3,757,043 · Management $648,412 · Fundraising $68,521$4,473,976
IX-25 Total functional expensesPrograms $16,131,676 · Management $2,326,666 · Fundraising $238,652$18,696,994
Part X · Balance sheet $74,089,929 assets, 22 lines filed
Asset lines not itemized here account for $31,765; 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 $6,102,525$5,948,104
X-3 Pledges and grants receivableStart of year $1,715,499$3,370,601
X-4 Accounts receivableStart of year $89,456$128,295
X-8 Inventories for sale or useStart of year $351,808$320,217
X-9 Prepaid expenses and deferred chargesStart of year $320,270$289,269
X-10c Land, buildings and equipment, netStart of year $24,354,798$22,928,548
X-11 Publicly traded securitiesStart of year $34,044,109$36,791,530
X-12 Other securitiesStart of year $3,905,486$4,127,857
X-15 Other assetsStart of year $148,297$148,297
X-16 Total assetsStart of year $71,051,784$74,089,929
X-17 Accounts payable and accrued expensesStart of year $1,062,905$1,019,116
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $4,467,345$4,142,270
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 $6,955,177$6,400,286
X-27 Net assets without donor restrictionsStart of year $33,457,538$33,020,009
X-28 Net assets with donor restrictionsStart of year $30,639,069$34,669,634
X-32 Total net assets or fund balancesStart of year $64,096,607$67,689,643
X-33 Total liabilities and net assetsStart of year $71,051,784$74,089,929
Part XI · Reconciliation of net assets $67,689,643 net assets at year end
XI-1 Total revenue$19,292,268
XI-2 Total expenses$18,696,994
XI-3 Revenue less expenses$595,274
XI-4 Net assets at start of year$64,096,607
XI-5 Net unrealized gains (losses) on investments$2,982,611
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$15,151
XI-10 Net assets at end of year$67,689,643

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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