Hathaway Brown School

What it reported doing in 2024

Founded in 1876, hathaway brown is committed to a fusion of academic and experiential learning. This co-ed early childhood and all-girls' k-12 independent day school of 744 students focuses on educational innovation as it prepares students to rise boldly to the challenges of our times and live out the hb motto of learning not for school, but for life."hb's inclusive environment, outstanding faculty, and unique programs draw families from 75 communities across northeast Ohio to its beautiful 16-acre shaker heights campus, which houses an aquatics center, idea lab, visual and performing arts spaces, turf playing field, upper school learning commons, and working television studio. Immersive academic, service, and cultural opportunities abound, and graduates attend many of the world's top universities.the school is consistently honored by well-regarded educational institutions, social service organizations, businesses, professional societies, and journalistic publications. The 91 students in the class of 2025, which includes 5 national merit finalists, 9 national merit commended scholars, 5 college board national african american and hispanic recognition program scholars, 3 presidential scholar candidates opted to attend 56 different colleges in 23 states and 3 different countries in the fall. The class received more than $9.5 million in merit scholarships, including full tuition scholarships at fordham university and the Ohio state university as a morrill scholar.three students will compete in varsity athletics at the d1 level in 3 different sports. 82% of the class received an offer from their top choice (or a top choice when ranked by group). 8% of the class received an offer from a school deemed a "top 10 best national university or "top 10 national liberal arts college" by 2025 us news and world report. 18% of the class received offers from a "top 20 best national university or "top 20 best national liberal arts college" by 2025 us news and world report. 31% of the class received an offer from a "top 25 best national university or "top 25 best national liberal arts college" by 2025 us news and world report. 73% of the class received an offer from a "top 50 best national university or "top 50 best national liberal arts college" by 2025 us news and world report. Hb's athletic program holds 22 state team championship titles, 14 state team runner up finishes, 28 state individual champions, 31 state individual runner up titles, and 46 state semi-final appearances. The 2013 blazer basketball team and 2019 blazer tennis teams made history when both programs became the only boys or girls' team in Ohio history to win five consecutive state championships. The 2021 tennis team surpassed this milestone earning a 7th (nonconsecutive) state team title in 2021 (2004, '15, '16, '17, '18, '19, '20, '21).hb's swimming and diving team are reigning ohsaa dii 3x consecutive state champions.hb is a 7-time winner of northeast Ohio's top workplaces by the plain dealer. Educational colleagues throughout the country consider hb a leader in the field. Hathaway brown is proud to offer initiatives in diversity, equity, inclusion, and belonging and in socioemotional growth that optimize learing for our students at every grade level. Hathaway brown was the first school in the isacs (independent schools association of the central states) to complete the accreditation process in a remote mode, serving as a model for other schools following in the process.since its beginning as "afternoon classes for young ladies" at the all-boys private brooks military school in downtown cleveland, hathaway brown school has been helping students find and pursue opportunities, maximize their own potential, and make a difference in the world. The school moved to its current location in shaker heights in 1927 and it is now home to 744 students in preschool through 12th grade, 45 percent of whom are students of color. Forty-seven percent of students received financial aid awards

Financial Efficiency

• Mission deployment rate: 67.9%; rating input score 68
• Program expense ratio: 85.3%; rating input score 85
• Fundraising efficiency: $4.05 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 13.7%; rating input score 74; 74th percentile among comparable filings
• Total-asset coverage ratio: 4.78; rating input score 84; 84th percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 84; 84th percentile among comparable filings
• Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings

Growth

• Program expense growth: 2.3% per year; rating input score 100; 21st percentile among comparable filings
• Revenue growth: 3% per year; rating input score 100; 26th percentile among comparable filings
• Asset growth: 5.5% per year; rating input score 100; 39th percentile among comparable filings