The Phillips Brooks School FY2021 filing

Tax-deductible

Menlo Park, CA501(c)(3)Since 1978EducationEIN 94-2494458Revenue $13.2M in FY2021

On file with the IRSphillipsbrooks.org2245 Avy Ave, 94025-6707 · Menlo Park, CATax-exempt since Jul 1978School — 170(b)(1)(A)(ii)

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The Phillips Brooks School community inspires students to love learning, to develop a spiritual nature, to communicate effectively, to be kind to others and to respect uniqueness of each person.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$1.5M 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

FY2021 · 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
1 of 5
filings with a surplus
Average deficit $485K a year · 3% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $1.1M
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$13.2M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.2M
-6% vs prior year
Spent
$14.3M
To programs
74%
Net assets
$28.3M
By yearFY2020–FY2024
Revenue
$13.2M
FY2021▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$14.0M
FY2021$13.2M
FY2022$14.4M
FY2023$15.4M
FY2024$16.5M
FY2024$16.6M
Expenses
$14.3M
FY2021▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$13.1M
FY2021$14.3M
FY2022$14.9M
FY2023$16.2M
FY2024$17.4M
FY2024$17.9M
Net assets
$28.3M
FY2021▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$27.5M
FY2021$28.3M
FY2022$25.1M
FY2023$25.4M
FY2024$25.8M
FY2024$26.0M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Jul 1978.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $10.6M Management & general 23% · $3.3M Fundraising 3% · $437K

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

22 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$431,962Pt VII · Sec A
Director of Finance
$233,567Pt VII · Sec A
Assist. Head of School for Advancement & Strategy
$176,089Pt VII · Sec A
Director of Education Tech
$142,684Pt VII · Sec A
Network and Systems Manager
$136,918Pt VII · Sec A
$136,340Pt VII · Sec A
Ea to Head and Office Manager
$135,369Pt VII · Sec A
Controller
$132,503Pt VII · Sec A

Scott Erickson’s $1.1M as Head of School (thru 6/30/24) is at the 99th 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Scott Erickson$1,122,439$508,433$462,435$439,892$431,962$408,626
Kim Normington—$268,779$257,063$244,265$233,567$219,882
Shannon Atkinson$257,805—————
Sara Poplack$255,863$236,267————
Olana Khan$248,274$222,821$198,872$188,006$176,089$161,602
Jonathan Fulk———$246,148——
Scott Hunt—$212,892————
Diane Rosenberg$207,937—————

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.

See The Phillips Brooks School 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 15aYes

Programs and updates

Educates children from preschool through fifth grade in an independent, coeducational setting.

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Provided by the organization

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1 program · $10.6M · in their own filed words · FY2020
01

Educate approximately 295 students to advance one grade from preschool through fifth grade while providing exceptional educational experience and opportunities.

$10.6Mprogram 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 · FY2024
See all 12 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$13.2M
Ln 12
Fees for servicesLn 2g$10.1M
Gifts and grantsLn 1h$2.3M
Investment incomeLn 3$810K
Money outPt IX
$14.3M
Ln 25
Programscol B$10.6M
Managementcol C$3.3M
Fundraisingcol D$437K
Owns and owesPt X
$28.3M
net assets · Ln 32
Cash and savingsLn 1–2$5.6M
Total assetsLn 16$41.5M
LiabilitiesLn 26$13.2M
PeoplePt VI, VII
22
listed · VII A
PaidVII A8
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Noncash giftsLn 1g$85K
Fundraising eventsLn 1c$314K
Fees for servicesLn 2g$10.1M
Investment incomeLn 3$810K
Other incomeLn 4–11$6K
Gains on assetsLn 7$475K
Total revenueLn 12$13.2M
Assets in detailPt X, end of year
CashLn 1$5.4M
SavingsLn 2$210K
Cash and savings togetherLn 1–2$5.6M
InvestmentsLn 11–13$24.4M
Land, buildings, equipmentLn 10c$7.6M
Other assetsLn 15$78K
Total assetsLn 16$41.5M
LiabilitiesLn 26$13.2M
Net assetsLn 32$28.3M
OperationsPt I, VI
EmployeesI 594
VolunteersI 6300
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$6.6M$5.6M
InvestmentsLn 11–13$20.8M$24.4M
Land, buildings, equipmentLn 10c$7.6M$7.6M
Total assetsLn 16$39.3M$41.5M
LiabilitiesLn 26$11.9M$13.2M
Net assetsLn 32$27.5M$28.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$926K$926K
Pay of current officers, directors and key staffLn 5$975K$746K$229K
Other salaries and wagesLn 7$6.1M$4.7M$1.3M$76K
Pension plan contributionsLn 8$443K$262K$178K$3K
Other employee benefitsLn 9$772K$601K$155K$16K
Payroll taxesLn 10$484K$345K$117K$22K
Legal feesLn 11b$76K$76K
Accounting feesLn 11c$57K$57K
Investment management feesLn 11f$25K$25K
Other fees for servicesLn 11g$272K$107K$126K$38K
Advertising and promotionLn 12$53K$53K
Office expensesLn 13$505K$258K$246K$2K
Information technologyLn 14$339K$233K$90K$16K
OccupancyLn 16$1.3M$1.3M$20K
Depreciation, depletion and amortizationLn 22$421K$349K$64K$7K
InsuranceLn 23$104K$86K$18K
Other expenses (24a–d)Ln 24$1.5M$1.4M$74K$10K
Total functional expensesLn 25$14.3M$10.6M$3.3M$437K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $16.5M$17.4M−$919K$25.8M 990 PDF
FY2023 $15.4M$16.2M−$752K$25.4M 990 PDF
FY2022 $14.4M$14.9M−$568K$25.1M 990 PDF
FY2021 Viewing $13.2M$14.3M−$1.2M$28.3M 990 PDF
FY2020 $14.0M$13.1M$978K$27.5M 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 FY2021 990 (6 parts)
Part I · Summary $13,166,824 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,371,866$2,250,494
I-9 Program service revenuePrior year $10,207,298$10,100,565
I-10 Investment incomePrior year $451,946$810,148
I-11 Other revenuePrior year $9,536$5,617
I-12 Total revenuePrior year $14,040,646$13,166,824
I-13 Grants and similar amounts paidPrior year $1,109,060$925,918
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,742,263$8,737,740
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,211,058$4,669,524
I-18 Total expensesPrior year $13,062,381$14,333,182
I-19 Revenue less expensesPrior year $978,265−$1,166,358
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $13,166,824 across 10 lines filed
VIII-1c Fundraising events$313,562
VIII-1f All other contributions, gifts and grants$1,936,932
VIII-1g Noncash contributions (included above)$85,357
VIII-1h Total contributions, gifts and grants$2,250,494
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,100,565$10,100,565
VIII-3 Investment incomeExcluded from tax $335,303$335,303
VIII-7 Net gain or loss on sales of assetsExcluded from tax $474,845$474,845
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,617$5,617
VIII-12 Total revenueRelated to mission $10,106,182 · Unrelated business $0 · Excluded from tax $810,148$13,166,824
Part IX · Statement of functional expenses $14,333,182 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $925,918$925,918
IX-5 Pay of current officers, directors and key staffManagement $745,590 · Fundraising $229,247$974,837
IX-7 Other salaries and wagesPrograms $4,724,687 · Management $1,263,031 · Fundraising $75,954$6,063,672
IX-8 Pension plan contributionsPrograms $262,038 · Management $177,972 · Fundraising $3,356$443,366
IX-9 Other employee benefitsPrograms $601,398 · Management $154,679 · Fundraising $15,650$771,727
IX-10 Payroll taxesPrograms $344,826 · Management $117,450 · Fundraising $21,862$484,138
IX-11b Legal feesManagement $76,321$76,321
IX-11c Accounting feesManagement $57,367$57,367
IX-11f Investment management feesManagement $24,925$24,925
IX-11g Other fees for servicesPrograms $107,457 · Management $126,403 · Fundraising $37,759$271,619
IX-12 Advertising and promotionManagement $53,230$53,230
IX-13 Office expensesPrograms $257,706 · Management $245,832 · Fundraising $1,934$505,472
IX-14 Information technologyPrograms $233,405 · Management $89,975 · Fundraising $15,878$339,258
IX-16 OccupancyPrograms $1,312,311 · Management $19,585$1,331,896
IX-22 Depreciation, depletion and amortizationPrograms $349,311 · Management $64,391 · Fundraising $7,155$420,857
IX-23 InsurancePrograms $85,723 · Fundraising $17,911$103,634
IX-24 Other expenses (24a–d)Programs $1,400,759 · Management $74,166 · Fundraising $10,020$1,484,945
IX-25 Total functional expensesPrograms $10,605,539 · Management $3,290,917 · Fundraising $436,726$14,333,182
Part X · Balance sheet $41,455,969 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $4,567,170$5,377,118
X-2 Savings and temporary cash investmentsStart of year $2,062,401$210,082
X-3 Pledges and grants receivableStart of year $1,459,935$817,494
X-4 Accounts receivableStart of year $2,518,609$2,574,771
X-9 Prepaid expenses and deferred chargesStart of year $180,172$403,143
X-10c Land, buildings and equipment, netStart of year $7,642,269$7,564,576
X-11 Publicly traded securitiesStart of year $20,834,320$24,431,128
X-15 Other assetsStart of year $77,657$77,657
X-16 Total assetsStart of year $39,342,533$41,455,969
X-17 Accounts payable and accrued expensesStart of year $1,218,639$1,571,654
X-19 Deferred revenueStart of year $9,158,349$10,062,602
X-25 Other liabilitiesStart of year $1,475,036$1,539,582
X-26 Total liabilitiesStart of year $11,852,024$13,173,838
X-27 Net assets without donor restrictionsStart of year $13,355,793$11,772,364
X-28 Net assets with donor restrictionsStart of year $14,134,716$16,509,767
X-32 Total net assets or fund balancesStart of year $27,490,509$28,282,131
X-33 Total liabilities and net assetsStart of year $39,342,533$41,455,969
Part XI · Reconciliation of net assets $28,282,131 net assets at year end
XI-1 Total revenue$13,166,824
XI-2 Total expenses$14,333,182
XI-3 Revenue less expenses−$1,166,358
XI-4 Net assets at start of year$27,490,509
XI-5 Net unrealized gains (losses) on investments$1,957,980
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$28,282,131

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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