Gerstell Academy Inc
- Assets
- $31.5m
- Revenue
- $8.9m
- Investments
- $21.4m
- Employees
- 113
- Location
- Cockeysville, MD
- Founding
- 11/2000
- Data as of
- 06/2021
- EIN
- 31-1620693
Organization Overview
Gerstell Academy Inc is located in Cockeysville, MD. The organization was established in 2000. 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 06/2021, Gerstell Academy Inc employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gerstell Academy Inc 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 06/2021, Gerstell Academy Inc generated $8.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $9.2m during the year ending 06/2021. While expenses have increased by 7.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GERSTELL ACADEMY IS A DIVERSE EDUCATIONAL COMMUNITY DEDICATED TO PROVIDING A NURTURING AND MENTORING ENVIRONMENT WHERE EACH STUDENT'S POTENTIAL TO BECOME A LEADER, TO LEARN, TO GROW MORALLY, TO BE PHYSICALLY FIT, AND TO COMPETE IS MAXIMIZED.
Describe the Organization's Program Activity:
ALL EXPENSES INCURRED ARE IN THE FURTHERANCE OF THE SCHOOL'S EXEMPT PURPOSE OF PROVIDING PRE KINDERGARDEN THROUGH GRADE 12 EDUCATION
GERSTELL-FALCON SPORTS CAMP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Polasko President | 40 | $146,731 | |
Reji S Samuel It Director | 40 | $121,488 | |
Mary R Louque Employee | 40 | $106,646 | |
Dr Frederick G Smith Chairman | Trustee | 20 | $0 |
Dr Venice Paterakis Secretary | Trustee | 0 | $0 |
Dr David Mccarus Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,644,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,644,701 |
| Total Program Service Revenue | $6,438,233 |
| Investment income | $441,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $388,199 |
| Net Income from Fundraising Events | $5,567 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,966 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,923,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,634,858 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $235,129 |
| Payroll taxes | $433,036 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $111,116 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,719 |
| Fees for services: Other | $3,028 |
| Advertising and promotion | $87,500 |
| Office expenses | $189,015 |
| Information technology | $62,228 |
| Royalties | $0 |
| Occupancy | $1,449,037 |
| Travel | $62,751 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,691 |
| Interest | $8,831 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,851 |
| Insurance | $111,753 |
| All other expenses | $33,676 |
| Total functional expenses | $9,156,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,988 |
| Savings and temporary cash investments | $992,549 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,839,174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $370,597 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,275 |
| Net Land, buildings, and equipment | $238,267 |
| Investments—publicly traded securities | $4,372,915 |
| Investments—other securities | $21,390,034 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,836 |
| Total assets | $31,514,635 |
| Accounts payable and accrued expenses | $320,255 |
| Grants payable | $0 |
| Deferred revenue | $4,695,170 |
| 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 | $1,266,315 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,163,757 |
| Total liabilities | $7,445,497 |
| Net assets without donor restrictions | $23,644,423 |
| Net assets with donor restrictions | $424,715 |
| 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 | $31,514,635 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gerstell Academy Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Way Foundation Inc Wilmington, DE PURPOSE: ANNUAL GIVING FUND | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Norwood School Inc Bethesda, MD | $57,964,554 | $24,196,645 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |
Lowell School Inc Washington, DC | $42,214,480 | $16,545,938 |