Jacob Tome Institute
- Assets
- $20.9m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 54
- Location
- North East, MD
- Founding
- 03/1935
- Data as of
- 07/2023
- EIN
- 52-0593934
Organization Overview
Jacob Tome Institute is located in North East, MD. The organization was established in 1935. 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 07/2023, Jacob Tome Institute employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jacob Tome Institute 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 07/2023, Jacob Tome Institute generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $4.4m during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
KINDERGARTEN THRU 12TH GRADE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOME HAS APPROXIMATELY 433 STUDENTS. TUITION IS 9,100, ALTHOUGH TUITION FOR NEEDY FAMILIES IS BASED ON A PERCENTAGE OF INCOME OF THE STUDENT'S FAMILY AND REDUCES ACCORDINGLY.
TOME HAS APPROXIMATELY 433 STUDENTS. TUITION IS 9,100, ALTHOUGH TUITION FOR NEEDY FAMILIES IS BASED ON A PERCENTAGE OF INCOME OF THE STUDENT'S FAMILY AND REDUCES ACCORDINGLY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Szymanski Headmaster | Officer | 40 | $118,739 |
Rich Rand Business Man | Officer | 40 | $103,752 |
Fred Dingle Trustee | Trustee | 3 | $0 |
R Benjamin Gregg Treasurer | OfficerTrustee | 3 | $0 |
Edward R Hostetter Vice Preside | OfficerTrustee | 3 | $0 |
Thomas L Kemp President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,905 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,172 |
| Total Program Service Revenue | $3,621,533 |
| Investment income | $391,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$138,512 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$42,147 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,996,118 |
| 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. | $222,491 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,336,003 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,354 |
| Payroll taxes | $192,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,789 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,536 |
| Office expenses | $59,208 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $582,187 |
| Insurance | $57,965 |
| All other expenses | $130,915 |
| Total functional expenses | $4,394,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,143 |
| Savings and temporary cash investments | $234,057 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,725 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,020 |
| Prepaid expenses and deferred charges | $45,647 |
| Net Land, buildings, and equipment | $9,133,611 |
| Investments—publicly traded securities | $11,081,107 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,900 |
| Total assets | $20,910,210 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,522,251 |
| Total liabilities | $1,522,251 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $19,387,959 |
| Total liabilities and net assets/fund balances | $20,910,210 |