Park School Of Baltimore Inc
- Assets
- $102.0m
- Revenue
- $38.9m
- Investments
- $14.3m
- Employees
- 389
- Location
- Baltimore, MD
- Founding
- 03/1942
- Data as of
- 06/2022
- EIN
- 52-0591625
Organization Overview
Park School Of Baltimore Inc is located in Baltimore, MD. The organization was established in 1942. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Park School Of Baltimore Inc employed 389 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park School Of Baltimore 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 06/2022, Park School Of Baltimore Inc generated $38.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $33.3m during the year ending 06/2022. While expenses have increased by 3.2% 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 STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE.
Describe the Organization's Program Activity:
INSTRUCTION & OTHER ACADEMIC PROGRAM EXPENSES - GENERAL OPERATION OF THE SCHOOL; PROVIDING BASIC EDUCATION FOR GRADES KINDERGARTEN THROUGH TWELVE.
AUXILIARY PROGRAMS & SPECIAL ACTIVITIES - EXPENSES ASSOCIATED WITH PROVIDING SUMMER CAMP, EXTENDED DAY, AND SPECIAL PROGRAMS FOR THE BENEFIT OF THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Millin President-Board Of Trustee | OfficerTrustee | 1 | $0 |
Kevin Pearson Vice President-Board Of Tr | OfficerTrustee | 1 | $0 |
Lowell Yura Treasurer-Board Of Trustees | OfficerTrustee | 1 | $0 |
Georgia Smith Secretary-Board Of Trustees | OfficerTrustee | 1 | $0 |
Janet Cohen Member-Board Of Trustees | Trustee | 1 | $0 |
Lila Shapiro-Cyr Member-Board Of Trustees | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hord Coplan & Macht Inc Architects | 6/29/22 | $663,308 |
Brock & Company Food Service | 6/29/22 | $526,904 |
Multicorp Inc Cleaning Service | 6/29/22 | $202,661 |
Planit Advertising Inc Website | 6/29/22 | $167,845 |
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 | $6,571,726 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,571,726 |
| Total Program Service Revenue | $29,017,405 |
| Investment income | $1,786,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $115,748 |
| Net Gain/Loss on Asset Sales | $1,266,552 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,243 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,856,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,452,203 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $555,578 |
| Compensation of current officers, directors, key employees. | $137,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,475,628 |
| Pension plan accruals and contributions | $759,458 |
| Other employee benefits | $1,332,521 |
| Payroll taxes | $1,008,447 |
| Fees for services: Management | $47,630 |
| Fees for services: Legal | $47,749 |
| Fees for services: Accounting | $29,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $179,565 |
| Fees for services: Other | $0 |
| Advertising and promotion | $137,896 |
| Office expenses | $144,090 |
| Information technology | $215,856 |
| Royalties | $0 |
| Occupancy | $347,016 |
| Travel | $5,458 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $284,527 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,496,528 |
| Insurance | $180,770 |
| All other expenses | $1,262,348 |
| Total functional expenses | $33,256,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,863 |
| Savings and temporary cash investments | $17,353,464 |
| Pledges and grants receivable | $7,733,362 |
| Accounts receivable, net | $550,066 |
| Loans from Officers, Directors, or Controlling Persons | $100,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $39,462 |
| Inventories for sale or use | $16,396 |
| Prepaid expenses and deferred charges | $424,349 |
| Net Land, buildings, and equipment | $22,029,924 |
| Investments—publicly traded securities | $39,245,276 |
| Investments—other securities | $14,318,167 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,882 |
| Total assets | $101,988,211 |
| Accounts payable and accrued expenses | $1,921,403 |
| Grants payable | $0 |
| Deferred revenue | $3,469,358 |
| Tax-exempt bond liabilities | $7,934,641 |
| 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 | $201,616 |
| Total liabilities | $13,527,018 |
| Net assets without donor restrictions | $37,849,707 |
| Net assets with donor restrictions | $50,611,486 |
| 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 | $101,988,211 |