Brewster Academy
- Assets
- $85.6m
- Revenue
- $32.9m
- Investments
- $326.3k
- Employees
- 258
- Location
- Wolfeboro, NH
- Founding
- 06/1946
- Data as of
- 06/2022
- EIN
- 02-0223317
Organization Overview
Brewster Academy is located in Wolfeboro, NH. The organization was established in 1946. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Brewster Academy employed 258 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brewster Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Brewster Academy generated $32.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $27.9m during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION TO RESIDENTIAL AND DAY STUDENTS.
Describe the Organization's Program Activity:
BREWSTER ACADEMY IS A PRIVATE HIGH SCHOOL THAT ENROLLS BOTH BOARDING AND DAY STUDENTS. IN ADDITION TO A BROAD EDUCATIONAL CURRICULUM, THE SCHOOL PROVIDES AN EXTENSIVE ATHLETIC PROGRAM. THE BREWSTER PROGRAM IS DESIGNED TO MEET STUDENTS AT THEIR CURRENT LEVEL OF PERFORMANCE AND ACCELERATE THEM IN THEIR MASTERY OF SKILLS AND KNOWLEDGE, ENSURING THAT GRADUATES ARE PREPARED FOR THE CHALLENGES OF COLLEGE AND CAREERS AND THE SKILLS NEEDED FOR SUCCESS IN THE 21ST CENTURY.BREWSTER ACADEMY STRIVES TO PROVIDE AN APPROACH TO LEARNING THAT HAS THE EXPONENTIAL POWER TO TRANSFORM EDUCATION, COMMUNITIES, AND THE LIVES OF STUDENTS IN OUR CARE
THE SUMMER PROGRAM FEATURED REMOTE AND IN-PERSON EDUCATIONAL PROGRAMS AND CONFERENCES DURING THE SUMMER RECESS, INCLUDING ROYAL THAI SCHOLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Gemmell President | Officer | 60 | $445,463 |
Kristy M Kerin Head Of School | Officer | 60 | $330,333 |
Susan Harrington CFO | Officer | 50 | $162,434 |
Peter Gilligan Chief Technology & Ops. Officer | 50 | $155,130 | |
Nick Wilbur Director Of Admissions | 50 | $152,912 | |
Lisa Braiterman Former CFO | 0 | $136,716 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dewing Schmidt Kearns Architects & Plann Architectural Design | 6/29/22 | $281,566 |
Perkins Paper Llc Food Services | 6/29/22 | $433,207 |
Omada Technologies Llc Technology Services | 6/29/22 | $371,458 |
Harvey Construction Corporation General Contractor | 6/29/22 | $8,930,109 |
Mclane Middleton Professional Associati Legal Services | 6/29/22 | $168,965 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,836,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,668,509 |
| Noncash contributions included in lines 1a–1f | $71,568 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,504,714 |
| Total Program Service Revenue | $26,181,572 |
| Investment income | $306,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$353,902 |
| Net Income from Fundraising Events | $8,197 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,925,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,299,925 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,067,596 |
| Compensation of current officers, directors, key employees. | $1,067,596 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,075,892 |
| Pension plan accruals and contributions | $520,270 |
| Other employee benefits | $1,699,006 |
| Payroll taxes | $699,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $139,561 |
| Fees for services: Accounting | $50,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,443,359 |
| Advertising and promotion | $23,686 |
| Office expenses | $520,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,128,544 |
| Travel | $421,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $360,691 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,842,795 |
| Insurance | $316,513 |
| All other expenses | $0 |
| Total functional expenses | $27,872,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,616,681 |
| Savings and temporary cash investments | $15,696,442 |
| Pledges and grants receivable | $575,730 |
| Accounts receivable, net | $659,126 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,498 |
| Prepaid expenses and deferred charges | $245,660 |
| Net Land, buildings, and equipment | $46,198,282 |
| Investments—publicly traded securities | $10,798,873 |
| Investments—other securities | $326,291 |
| Investments—program-related | $0 |
| Intangible assets | $388,061 |
| Other assets | $8,999,949 |
| Total assets | $85,558,593 |
| Accounts payable and accrued expenses | $1,437,748 |
| Grants payable | $0 |
| Deferred revenue | $6,813,108 |
| Tax-exempt bond liabilities | $17,910,313 |
| Escrow or custodial account liability | $68,905 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $984,409 |
| Total liabilities | $27,214,483 |
| Net assets without donor restrictions | $33,422,573 |
| Net assets with donor restrictions | $24,921,537 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $85,558,593 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Brewster Academy has recieved totaling $16,500.
| Awarding Organization | Amount |
|---|---|
William H Tilley Family Foundation Alhambra, CA PURPOSE: CHARITY | $12,500 |
Belisle Family Foundation Inc Naples, FL PURPOSE: CHARITABLE DONATION | $4,000 |
Endowment Analysis
| Beg. Balance | $16,615,942 |
| Earnings | -$1,684,944 |
| Net Contributions | $283,336 |
| Other Expense | $589,083 |
| Ending Balance | $14,625,251 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Pauls School Concord, NH | $908,168,263 | $117,316,597 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Noble And Greenough School Dedham, MA | $357,051,555 | $55,304,957 |
Pinkerton Academy Derry, NH | $88,400,593 | $52,612,732 |
Groton School Groton, MA | $519,152,774 | $50,710,312 |
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |
Tabor Academy Marion, MA | $131,644,395 | $42,865,044 |
Berkshire School Inc Sheffield, MA | $360,181,943 | $53,167,690 |
St Marks School Of Southborough Inc Southborough, MA | $256,704,983 | $26,796,658 |
Beaver Country Day School Inc Chestnut Hill, MA | $85,211,798 | $37,690,859 |