Drew School EIN 94-2219550

Drew School

EIN  94-2219550 Public charity (501(c)(3)) San Francisco, CA Founded 1973
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/10/26 · see original filing: IRS
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Size
$10–100M
What they do
Develops students' academic talents, initiative, and self-confidence.
Leadership
David Frankenberg · Former Head of School (to 6/30/24) · $371K
Money in and out
$21.6M revenue, $20.9M expenses
Bottom line
84% program efficiency

Develops students' academic talents, initiative, and self-confidence. For fiscal year 2024 it reported $21.6M in revenue, $20.9M in expenses, and $20.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$21.6M
Pt VIII · Ln 12
Total expenses
$20.9M
Pt IX · Ln 25
Net assets
$20.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $699K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.13 Fundraising $0.03
Program efficiency
84%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
7.0mo
months of highly liquid reserves at operating expense rate▲ +1% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▼ -9% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$21.6M
FY2024▲ +5%
Expenses
$20.9M
FY2024▲ +6%
Total assets
$40.4M
FY2024▼ -1%
Total liabilities
$20.1M
FY2024▼ -4%
Total revenue
$21.6M
Pt VIII · Ln 12
Total expenses
$20.9M
Pt IX · Ln 25
Net assets
$20.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$699K
Total assetsPt X · Ln 16$40.4M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

3 program services account for $17.6M of program spending, described in the organization's own filed words · FY2024.
01

Private secondary school providing college preparatory EDUCATION.DREW school is a college preparatory high school serving approximately 285 students. Drew's mission statement reads: drew knows and believes in teenagers.

$17.2Mprogram expense
02

Drew education for active lifelong learning (deall)experiential education component of college preparatory studies.

$259Kprogram expense
03

Learning support program (tutoring)tutoring services provided to students who attend drew. Tutoring supports college prepatory mission & summer school

$119Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDrew School
EINHdr · item D94-2219550
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.drewschool.org
Year of formationHdr · item L1973
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 1973

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Former Head of School (to 6/30/24)
$371,213Pt VII · Sec A
Head of School (from 7/1/24)
$324,610Pt VII · Sec A
Chief Operating Officer
$255,786Pt VII · Sec A
Director of Advancement
$221,437Pt VII · Sec A
Director of Technology
$151,120Pt VII · Sec A
Director of Admissions
$146,084Pt VII · Sec A
Assistant Head for Academics
$115,869Pt VII · Sec A
Dean of Eq. & Soc. Imp. (to 6/30/24)
$115,181Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
David Frankenberg$371,213$616,067$573,648$532,829$515,549$467,573
Saya McKenna$324,610$205,000
Lyn Werbach$255,786$142,788
Doug Moore$160,845$240,500$229,500$222,000$210,000
Selena Shadle$221,437$137,993
Lyla Max$158,460$195,500$192,750$186,508
Amy Grunat$175,614$194,316
Jean-Paul Ouellette$166,350$147,700$134,368

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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Statement of Revenue

Part VIII
Program service revenue$19.3M · 89%
Contributions & grants$1.8M · 9%
Investment income$451K · 2%
Program service revenue89%$19.3M
Contributions & grants9%$1.8M
Investment income2%$451K
Total revenueLn 12$21.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.13 Fundraising $0.03
Program services84%$17.6M
Management & general13%$2.7M
Fundraising3%$649K
Total functional expensesLn 25$20.9M

Balance Sheet

Part X · end of year
CashLn 1$10.6M
Total assetsLn 16$40.4M
Total liabilitiesLn 26$20.1M
Total net assetsLn 32$20.3M
Months of cash on handcomputed6.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12.1M · Operating expenses (Pt IX) $20.9M · Less non-cash grants $73K · Cash operating expenses/yr $20.8M
7.0 months
Where the money goes
Program services
Program services $17.6M · Total expenses $20.9M
84%
Management & General
Management & general $2.7M · Total expenses $20.9M
13%
Fundraising
Fundraising $649K · Total expenses $20.9M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $667K · Solicited contributions (3-yr avg) $1.6M
$0.43 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.8M · Total revenue $21.6M
9%
Government reliance
Government grants — · Total revenue $21.6M
Earned-income share
Program service revenue $19.3M · Total revenue $21.6M
89%
Investment reliance
Investment income $451K · Total revenue $21.6M
+2%
Program self-sufficiency
Program service revenue $19.3M · Total expenses $20.9M
92%
Growth & trend
Revenue growth (YoY)
This year $21.6M · Prior year $20.5M
+5%
Revenue CAGR
FY2019 $15.0M · FY2024 $21.6M
+8%
Net-asset trend (YoY)
End of year $20.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $21.6M · Expenses $20.9M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $40.4M
Net-asset ratio
Net assets $20.3M · Total assets $40.4M
50%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $40.4M
4%
People & payroll
Highest Reported Total Compensation
Individual Saya McKenna · Reported title HEAD OF SCHOOL (FROM 7/1/24) · Highest reported compensation $325K · Total expenses $20.9M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $10.1M · Total expenses $20.9M
48%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 13%
Fundraising cost ratio 35%
Revenue growth 5%

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 · funders on record
Grants received · FY2024
See all 11 funders →

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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$20.5M revenue · ⤓ 990 PDF
FY2023$18.3M revenue · ⤓ 990 PDF
FY2022$17.5M revenue · ⤓ 990 PDF
FY2021$16.1M revenue · ⤓ 990 PDF
FY2020$15.0M 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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