Park School Of Baltimore Inc
- Assets
- $78.5m
- Revenue
- $32.1m
- Investments
- $9.5m
- Employees
- 359
- Location
- Baltimore, MD
- Founding
- 03/1942
- Data as of
- 06/2020
- 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 06/2021, Park School Of Baltimore Inc employed 359 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 06/2020, Park School Of Baltimore Inc generated $32.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $31.8m during the year ending 06/2020. While expenses have increased by 2.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
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 |
|---|---|---|---|
Daniel Paradis Head Of School | OfficerTrustee | 40 | $344,319 |
Joan Webber Director Of Finance And Operations | OfficerTrustee | 40 | $198,434 |
Roger Seidenman Director Of Development | 40 | $174,418 | |
Patricia Porcarelli Upper School Principal | 40 | $118,122 | |
Joshua Wolf Middle School Principal | 40 | $112,176 | |
Malika Delancey Lower School Principal | 40 | $112,090 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ecotone Environmental Consultant | 6/29/20 | $912,754 |
Flik-compass Group Usa Cafeteria Management | 6/29/20 | $393,272 |
Hord Coplan Macht Inc Architecture & Design | 6/29/20 | $264,129 |
Christar Inc Cleaning | 6/29/20 | $157,748 |
Ecotone Environmental Consultant | 6/29/20 | $912,754 |
Flik-compass Group Usa Cafeteria Management | 6/29/20 | $393,272 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,680,018 |
| Investment income | $1,373,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $86,074 |
| Net Gain/Loss on Asset Sales | -$779,272 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,428 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,114,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $8,177,443 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $646,564 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,286,142 |
| Pension plan accruals and contributions | $777,779 |
| Other employee benefits | $1,006,887 |
| Payroll taxes | $1,008,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,865 |
| Fees for services: Accounting | $29,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $146,148 |
| Fees for services: Other | $13,635 |
| Advertising and promotion | $136,181 |
| Office expenses | $116,290 |
| Information technology | $148,780 |
| Royalties | $0 |
| Occupancy | $312,452 |
| Travel | $2,464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $344,614 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,581,700 |
| Insurance | $135,810 |
| All other expenses | $0 |
| Total functional expenses | $31,766,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,091,144 |
| Savings and temporary cash investments | $7,167,258 |
| Pledges and grants receivable | $291,766 |
| Accounts receivable, net | $436,710 |
| Loans from Officers, Directors, or Controlling Persons | $100,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $58,553 |
| Inventories for sale or use | $31,558 |
| Prepaid expenses and deferred charges | $361,308 |
| Investments—publicly traded securities | $34,495,999 |
| Investments—other securities | $9,465,953 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $132,333 |
| Total assets | $78,513,590 |
| Accounts payable and accrued expenses | $1,635,655 |
| Grants payable | $0 |
| Deferred revenue | $2,659,212 |
| Tax-exempt bond liabilities | $9,012,218 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,475 |
| Unsecured mortgages and notes payable | $3,017,200 |
| Other liabilities | $867,544 |
| Total liabilities | $17,193,304 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $61,320,286 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Park School Of Baltimore Inc has recieved totaling $1,630,630.
| Awarding Organization | Amount |
|---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $396,000 |
Hecht Levi Foundation Inc Washington, DC PURPOSE: GENERAL SUPPORT | $343,333 |
The Richman Family Foundation Inc Baltimore, MD PURPOSE: OPERATING SUPPORT | $261,000 |
Associated Jewish Charities Of Baltimore Baltimore, MD PURPOSE: GENERAL SUPPORT | $250,300 |
Thomas B & Elizabeth M Sheridan Foundation Inc Hunt Valley, MD PURPOSE: FINANCIAL AID FOR STUDENTS | $105,000 |
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $76,250 |
Endowment Analysis
| Beg. Balance | $43,163,976 |
| Earnings | $13,485,050 |
| Net Contributions | $1,677,684 |
| Other Expense | $1,994,027 |
| Ending Balance | $56,332,683 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Mcdonogh School Incorporated Owings Mills, MD | $267,537,945 | $83,365,139 |
Collegium Charter School Exton, PA | $94,797,177 | $61,790,179 |
Georgetown Day School Inc Washington, DC | $314,406,579 | $96,635,135 |
Episcopal Academy Newtown Square, PA | $290,673,894 | $56,548,486 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Springside Chestnut Hill Academy Philadelphia, PA | $140,509,475 | $49,945,250 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |