Green Acres School Inc
- Assets
- $15.3m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 06/1938
- Data as of
- 06/2021
- EIN
- 52-0613675
Organization Overview
Green Acres School Inc is located in Rockville, MD. The organization was established in 1938. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green Acres School 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, Green Acres School Inc generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $7.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GREEN ACRES SCHOOL, INC. (THE SCHOOL) WAS INCORPORATED IN JANUARY 1937, FOR THE PURPOSE OF OPERATING A NON-SECTARIAN DAY SCHOOL FOR BOYS AND GIRLS TO BE CONDUCTED ON PROGRESSIVE LINES, IN WHICH THE OBJECTIVE FOR EACH CHILD IS TO EMPHASIZE HIS OR HER INDIVIDUAL DEVELOPMENT. THE SCHOOL IS LOCATED IN ROCKVILLE, MARYLAND AND OFFERS PRE-KINDERGARTEN THROUGH EIGHTH GRADE EDUCATION FOR APPROXIMATELY 175 CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Geary Head Of School | Trustee | 40 | $230,672 |
Cecily Bullock Dir Of Finace And Operation | Trustee | 40 | $139,720 |
Marylouise Bracho Camp Director/teacher/trustee | Trustee | 40 | $129,929 |
Ann Groat Advancement Director | Trustee | 40 | $121,514 |
Peter Klam Middle School Head | Trustee | 40 | $113,680 |
Tracy Marks Lower School Head | Trustee | 40 | $108,523 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coughlin Transportation School Bus Service | 6/29/19 | $224,115 |
Universal Janitorial Services Inc Janitorial Services | 6/29/19 | $289,379 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $959,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,229,984 |
| Total Program Service Revenue | $4,606,084 |
| Investment income | $35,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $449,919 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,341,464 |
| 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 | $4,042,521 |
| Pension plan accruals and contributions | $1,037,199 |
| Other employee benefits | $53,426 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,107 |
| Fees for services: Accounting | $49,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,692 |
| Advertising and promotion | $89,603 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $659,195 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $588,734 |
| Insurance | $48,526 |
| All other expenses | $12,911 |
| Total functional expenses | $7,523,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,918,063 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $144,177 |
| Accounts receivable, net | $63,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,656 |
| Prepaid expenses and deferred charges | $61,529 |
| Net Land, buildings, and equipment | $4,807,738 |
| Investments—publicly traded securities | $3,202,042 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $137,221 |
| Total assets | $15,338,576 |
| Accounts payable and accrued expenses | $362,188 |
| Grants payable | $0 |
| Deferred revenue | $2,193,008 |
| 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 | $5,001,230 |
| Unsecured mortgages and notes payable | $880,625 |
| Other liabilities | $280,094 |
| Total liabilities | $8,717,145 |
| Net assets without donor restrictions | $3,857,858 |
| Net assets with donor restrictions | $2,763,573 |
| 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 | $15,338,576 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Green Acres School Inc has recieved totaling $41,264.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $28,333 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $8,550 |
Joel Dean Foundation Inc Bethesda, MD PURPOSE: PROGRAM SUPPORT | $2,000 |
Clara Weiss Fund Weiss David C Et Al Ttee Seville, OH PURPOSE: TO SUPPORT NON-PROFIT OPERATIONS | $1,000 |
Eugene M Lang Foundation New York, NY PURPOSE: GENERAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $381 |
Endowment Analysis
| Beg. Balance | $2,500,493 |
| Earnings | $823 |
| Other Expense | -$33,084 |
| Ending Balance | $2,534,400 |
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 |