Nonprofit · EIN 23-2261841
BSI INC
Also known as BROWNE ACADEMY
Tax-exempt · ALEXANDRIA, VA 22310
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $8,378,558 | $8,792,907 | -$414,349 | $9,865,437 | $7,335,538 | $2,529,899 |
| August 31, 2024 | 990 | $7,901,152 | $8,372,051 | -$470,899 | $10,918,326 | $7,987,493 | $2,930,833 |
| August 31, 2023 | 990 | $9,807,268 | $8,927,475 | $879,793 | $11,183,860 | $7,797,927 | $3,385,933 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $538,856
- Program service revenue
- $7,776,757
- Investment income
- $49,301
- Net rental income
- $32,572
- Net income from fundraising events
- -$30,872
- Other revenue
- $13,644
Expenses
- Grants and similar amounts paid
- $313,028
- Compensation of officers, directors and key employees
- $643,865
- Other salaries and wages
- $4,060,127
- Salaries, compensation and benefits (total)
- $6,025,283
- Professional fundraising fees
- $0
- Legal fees
- $25,045
- Occupancy
- $326,087
- Depreciation
- $531,885
- Program services (functional)
- $7,715,512
- Management and general (functional)
- $763,881
- Fundraising (functional)
- $313,514
Balance sheet and other
- Total assets, start of year
- $10,918,326
- Total assets, end of year
- $9,865,437
- Total liabilities, end of year
- $7,335,538
- Net assets, end of year
- $2,529,899
- Land, buildings and equipment
- $8,234,009
- Publicly traded securities
- $204,766
- Net assets without donor restrictions
- $2,076,006
- Net assets with donor restrictions
- $453,893
- Gross receipts
- $8,426,410
- Employees
- 157
- Volunteers
- 150
- Year formed
- 1984
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Peggy Otey | President/Head of School Officer | 50 | $335,791 | $58,990 |
| Kenneth Marter | CFO/Treasurer Officer | 50 | $151,644 | $18,838 |
| Mike Sasso | Director of Advancement & Institutional Growth Highest-paid employee | 40 | $123,947 | $7,361 |
| Kim McCue | Assoc Head of School Highest-paid employee | 40 | $104,689 | $22,849 |
| Steve Marshall | Dir of Admissions Highest-paid employee | 40 | $105,427 | $14,045 |
| Dora Edge | Secretary/Executive Assistant Officer | 1 | $58,039 | $8,441 |
| Rudy Brioche | Trustee Trustee or director | 1 | $0 | $0 |
| Joan DeBoer | Trustee Trustee or director | 1 | $0 | $0 |
| Patricia M St George | Trustee Trustee or director | 1 | $0 | $0 |
| Marija Zivanovic-Smith | Trustee Trustee or director | 1 | $0 | $0 |
| Cecelia Prewett | Trustee Trustee or director | 1 | $0 | $0 |
| Julia Ebron | Trustee Trustee or director | 1 | $0 | $0 |
| Roslyn Brooks | Trustee Trustee or director | 1 | $0 | $0 |
| Valerie Hardy | Trustee Trustee or director | 1 | $0 | $0 |
| Ashley Saville | Trustee Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Nash | Trustee Trustee or director | 1 | $0 |
| Raven White | Trustee Trustee or director | 1 | $0 |
| Joseph King | Trustee Trustee or director | 1 | $0 |
| Jimm Spannagel | Trustee Trustee or director | 1 | $0 |
| Dawn Biggins | Chair Trustee or director, Officer | 1 | $0 |
| Charles Platt | Vice Chair Trustee or director, Officer | 1 | $0 |
990 for the year ended August 31, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Peggy Otey | President/Head of School Officer | 50 | $325,266 | $42,649 |
| Kenneth Marter | CFO/Treasurer Officer | 50 | $146,647 | $18,313 |
| Bonita Lea | Head of Middle School/Assistant Head of School Highest-paid employee | 40 | $128,063 | $14,652 |
| Mike Sasso | Director of Advancement & Institutional Growth Highest-paid employee | 40 | $113,554 | $6,744 |
| Rudy Brioche | Trustee Trustee or director | 1 | $0 | $0 |
| Tisza Swain | Trustee Trustee or director | 1 | $0 | $0 |
| Patricia M St George | Trustee Trustee or director | 1 | $0 | $0 |
| Marija Zivanovic-Smith | Trustee Trustee or director | 1 | $0 | $0 |
| Cecelia Prewett | Trustee Trustee or director | 1 | $0 | $0 |
| Julia Ebron | Trustee Trustee or director | 1 | $0 | $0 |
| Dawn Biggins | Trustee Trustee or director | 1 | $0 | $0 |
| Roz Brooks | Trustee Trustee or director | 1 | $0 | $0 |
| Valerie Hardy | Trustee Trustee or director | 1 | $0 | $0 |
| Ashley Saville | Trustee Trustee or director | 1 | $0 | $0 |
| John Nash | Trustee Trustee or director | 1 | $0 | $0 |
| Raven White | Trustee Trustee or director | 1 | $0 | $0 |
| Joseph King | Trustee Trustee or director | 1 | $0 | $0 |
| Jimm Spannagel | Trustee Trustee or director | 1 | $0 | $0 |
| Charles Platt | Vice President/Trustee Trustee or director, Officer | 1 | $0 | $0 |
| Joan DeBoer | President Trustee or director, Officer | 1 | $0 | $0 |
| Dora Edge | Secretary Officer | 1 | $0 | $0 |
990 for the year ended August 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Peggy Otey | President/Head of School Officer | 60 | $317,167 | $28,487 |
| Bonita Lea | Head of Middle School/Assistant Head of School Highest-paid employee | 40 | $124,060 | $22,483 |
| Mike Sasso | Director of Advancement & Institutional Growth Highest-paid employee | 40 | $104,816 | $5,563 |
| Kenneth Marter | CFO Officer | 50 | $76,736 | $3,809 |
| Bryan Bonner | Chair Trustee or director | 1 | $0 | $0 |
| Tisza Swain | Trustee Trustee or director | 1 | $0 | $0 |
| Joan DeBoer | Chair/Trustee Trustee or director | 1 | $0 | $0 |
| Patricia M St George | Trustee Trustee or director | 1 | $0 | $0 |
| Marija Zivanovic-Smith | Trustee Trustee or director | 1 | $0 | $0 |
| Charles Platt | Vice Chair/Trustee Trustee or director | 1 | $0 | $0 |
| Cecelia Prewett | Trustee Trustee or director | 1 | $0 | $0 |
| Julia Ebron | Trustee Trustee or director | 1 | $0 | $0 |
| Dawn Biggins | Trustee Trustee or director | 1 | $0 | $0 |
| Jeffrey Short | Trustee Trustee or director | 1 | $0 | $0 |
| Valerie Hardy | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Lowsen | Trustee Trustee or director | 1 | $0 | $0 |
| John Nash | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5917 TELEGRAPH RD, ALEXANDRIA, VA 22310-2298
- In care of
- % JIM RINGER
- Principal officer (990 for 2024)
- Peggy Otey, 5917 Telegraph Road, Alexandria, VA 22310
- Signed the 990
- Kenneth Marter, CFO
- Phone
- (703) 960-3000
- Website
- www.browneacademy.org
- Return prepared by
- Hozik & Company PLC
Mission
The Academy is a pre-kindergarten through grade eight independent school preparing girls and boys in the metropolitan Washington, DC area for competitive secondary schools. The Academy is a diverse independent day school committed to developing the whole child.
Program accomplishments
- An unwavering commitment to academic excellence forms the cornerstone of the Academys educational philosophy. The School achieves this commitment by fostering a passion for lifelong learning and by channeling this passion into a rigorous educational program. A comprehensive and challenging curriculum provides the essential foundation for each students (221 students) future academic success, physical growth and emotional development. This curriculum is designed to promote student excellence within and across each of the following disciplines: English (language arts and reading), mathematics, science, world languages, social studies and history, fine arts, technology, and physical education. The Academy offers a wide variety of extracurricular activities ranging from sports (soccer, basketball, and softball) to the fine arts (drama, art, and music lessons). Each trimester the Academy offers new extracurricular opportunities through the extended day program which offers services from 7:00 to 8:00 AM and 3:15 to 6:00 PM.Expenses $7,273,384 · grants $313,028 · revenue $6,558,536
- The Academy also offers a summer camp for eight weeks throughout the summer that operates on the entire 11 acre campus (approximately 570 students). Camp attendees are offered various educational activities that are dedicated to providing a memorable experience for every camper in a safe, fun-filled and caring environment that fosters friendship and mutual respect for one another. Camps are also offered over the winter holiday break and spring break.Expenses $442,128 · revenue $1,230,165
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 23-2261841
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $9,865,437
- Income (IRS master file)
- $8,426,410
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $8,378,558 | $8,792,907 | $9,865,437 | XML |
| 990 | August 2024 | $7,901,152 | $8,372,051 | $10,918,326 | XML |
| 990 | August 2023 | $9,807,268 | $8,927,475 | $11,183,860 | XML |
| 990 | August 2022 | $9,824,282 | $9,196,298 | $10,406,201 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2261841).
Questions about BSI INC
- What is the EIN of BSI INC?
- The employer identification number (EIN) of BSI INC is 23-2261841.
- Is BSI INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to BSI INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BSI INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BSI INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BSI INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of BSI INC?
- The 990 for the year ended August 31, 2025 names Peggy Otey.
- Who are the officers and directors of BSI INC?
- The 990 for the year ended August 31, 2025 lists 21 people; 6 received compensation from the organization, the highest $335,791 (Peggy Otey, President/Head of School).
- How much revenue does BSI INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $8,378,558, expenses of $8,792,907 and total assets of $9,865,437 at year end.
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