Phillips Brooks School
- Assets
- $82.9m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 71
- Location
- Menlo Park, CA
- Founding
- 07/1978
- Data as of
- 06/2023
- EIN
- 94-2494458
Organization Overview
Phillips Brooks School is located in Menlo Park, CA. The organization was established in 1978. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Phillips Brooks School employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phillips Brooks School 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 06/2023, Phillips Brooks School generated $15.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $16.2m during the year ending 06/2023. While expenses have increased by 6.0% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INDEPENDENT COEDUCATIONAL SCHOOL FOR STUDENTS IN PRESCHOOL THROUGH FIFTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE APPROXIMATELY 300 STUDENTS TO ADVANCE ONE GRADE FROM PRESCHOOL THROUGH FIFTH GRADE WHILE PROVIDING EXCEPTIONAL EDUCATIONAL EXPERIENCE AND OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Puja Batra Chair | OfficerTrustee | 10 | $0 |
Jenny Brokaw Vice Chair | OfficerTrustee | 10 | $0 |
David Chan Trustee | Trustee | 2 | $0 |
Abigail Durban Trustee | Trustee | 2 | $0 |
Marshall Haines Vice Chair For Finance | OfficerTrustee | 2 | $0 |
Charlotte Waxman Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Steyer Lowenthal Boodrookas Alvares & Sm Legal Services | 6/29/23 | $235,665 |
Jg Ramos Janitorial Services Janitorial | 6/29/23 | $196,278 |
Cal Green Remodeling Construction | 6/29/23 | $154,994 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $285,858 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,641,894 |
| Noncash contributions included in lines 1a–1f | $810,628 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,927,752 |
| Total Program Service Revenue | $11,876,347 |
| Investment income | $606,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,412,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $807,725 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,067,093 |
| Compensation of current officers, directors, key employees. | $397,301 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,606,377 |
| Pension plan accruals and contributions | $490,583 |
| Other employee benefits | $721,106 |
| Payroll taxes | $460,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $283,847 |
| Fees for services: Accounting | $143,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,080 |
| Fees for services: Other | $780,258 |
| Advertising and promotion | $63,182 |
| Office expenses | $133,644 |
| Information technology | $224,312 |
| Royalties | $0 |
| Occupancy | $2,946,061 |
| Travel | $20,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,682 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $433,588 |
| Insurance | $121,904 |
| All other expenses | $0 |
| Total functional expenses | $16,164,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,709,402 |
| Savings and temporary cash investments | $4,018,295 |
| Pledges and grants receivable | $1,402,163 |
| Accounts receivable, net | $3,077,812 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $620,496 |
| Net Land, buildings, and equipment | $6,468,953 |
| Investments—publicly traded securities | $23,805,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,756,507 |
| Total assets | $82,859,507 |
| Accounts payable and accrued expenses | $1,645,959 |
| Grants payable | $0 |
| Deferred revenue | $11,632,330 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $44,195,359 |
| Total liabilities | $57,473,648 |
| Net assets without donor restrictions | $9,571,734 |
| Net assets with donor restrictions | $15,814,125 |
| 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 | $82,859,507 |