Bullis School Inc
- Assets
- $95.1m
- Revenue
- $48.0m
- Investments
- $0.0
- Employees
- 352
- Location
- Potomac, MD
- Founding
- 09/1938
- Data as of
- 06/2021
- EIN
- 52-0635080
Organization Overview
Bullis School Inc is located in Potomac, MD. The organization was established in 1938. 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, Bullis School Inc employed 352 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2021, Bullis School Inc generated $48.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $41.3m during the year ending 06/2021. While expenses have increased by 2.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BULLIS SCHOOL PROVIDES A STUDENT-CENTERED BALANCED EXPERIENCE IN ACADEMICS, ARTS, ATHLETICS AND COMMUNITY SERVICE. BULLIS UNIQUELY PREPARES ALL STUDENTS TO BECOME CARING CITIZENS AND CREATIVE, CRITICAL THINKERS WHO WILL THRIVE IN TOMORROW'S WORLD. THE SCHOOL'S VISION IS TO BE THE INDEPENDENT SCHOOL OF CHOICE FOR FAMILIES WHO SEEK AN EXTRAORDINARY EDUCATIONAL EXPERIENCE WHICH DEVELOPS GLOBAL LEADERS WHO ENTHUSIASTICALLY EMBRACE CHALLENGE, EXHIBIT STRONG CHARACTER AND CULTIVATE COMMUNITY. BULLIS SCHOOL'S CORE ACADEMIC VALUES FOSTER CRITICAL THINKING, COLLABORATION, COMMUNICATION, RESOURCEFULNESS AND CREATIVITY IN OUR STUDENTS, AND WE UPHOLD CORE INSTITUTIONAL VALUES THAT MODEL AND PRACTICE INTEGRITY, RESPECT, DIVERSITY, SERVICE AND RESPONSIBILITY WITHIN THE SCHOOL COMMUNITY AND IN ANY OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES CO-EDUCATIONAL ELEMENTARY AND SECONDARY SCHOOL EDUCATION TO STUDENTS IN GRADES K THROUGH 12, PROMOTES DIVERSITY, AND OFFERS AN INDEPENDENT SCHOOL EDUCATION TO ELIGIBLE STUDENTS REGARDLESS OF FINANCIAL ABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald L Boarman Head Of School - Outgoing | Officer | 40 | $429,805 |
Christian Sullivan Head Of School | Officer | 40 | $329,331 |
Timothy D Simpson Associate Head Of School | Officer | 40 | $191,725 |
Robert Pollicino Head Of Upper School | 40 | $185,653 | |
Xiumin H Overall Dir. Of International Family Services | 40 | $162,661 | |
Marilyn Moreno Head Of Middle School | 40 | $162,483 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Superior Building Services Inc Cleaning | 6/29/21 | $154,176 |
Aramark Services Inc Food Service | 6/29/21 | $462,440 |
Lifestyle Pond And Patio Llc Landscaping | 6/29/21 | $139,048 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $67,605 |
| Related organizations | $0 |
| Government grants | $3,982,953 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,183,651 |
| Noncash contributions included in lines 1a–1f | $170,636 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,234,209 |
| Total Program Service Revenue | $40,575,158 |
| Investment income | $253,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $102,656 |
| Net Gain/Loss on Asset Sales | $1,690,496 |
| Net Income from Fundraising Events | $62,574 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $99,080 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,025,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,411,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,494,908 |
| Compensation of current officers, directors, key employees. | $308,412 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,292,277 |
| Pension plan accruals and contributions | $1,053,978 |
| Other employee benefits | $3,531,536 |
| Payroll taxes | $1,252,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $216,615 |
| Fees for services: Accounting | $45,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,195 |
| Fees for services: Other | $624,900 |
| Advertising and promotion | $126,522 |
| Office expenses | $1,726,128 |
| Information technology | $409,407 |
| Royalties | $0 |
| Occupancy | $721,720 |
| Travel | $3,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,900 |
| Interest | $663,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,966,678 |
| Insurance | $416,440 |
| All other expenses | $213,735 |
| Total functional expenses | $41,298,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,455 |
| Savings and temporary cash investments | $22,177,969 |
| Pledges and grants receivable | $717,687 |
| Accounts receivable, net | $71,591 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $107,308 |
| Prepaid expenses and deferred charges | $468,350 |
| Net Land, buildings, and equipment | $57,990,921 |
| Investments—publicly traded securities | $13,218,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $314,644 |
| Total assets | $95,071,669 |
| Accounts payable and accrued expenses | $1,528,646 |
| Grants payable | $0 |
| Deferred revenue | $15,142,041 |
| Tax-exempt bond liabilities | $27,957,345 |
| Escrow or custodial account liability | $77,292 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,104,827 |
| Other liabilities | $1,167,082 |
| Total liabilities | $46,977,233 |
| Net assets without donor restrictions | $43,139,152 |
| Net assets with donor restrictions | $4,955,284 |
| 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 | $95,071,669 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bullis School Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,250 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,250 |
Endowment Analysis
| Beg. Balance | $8,627,085 |
| Earnings | $2,780,017 |
| Net Contributions | $130,179 |
| Other Expense | $58,401 |
| Ending Balance | $11,478,880 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friendship Public Charter School Washington, DC | $208,704,133 | $111,961,400 |
Imagine Schools Non-Profit Inc Vienna, VA | $90,821,472 | $57,096,854 |
Mcdonogh School Incorporated Owings Mills, MD | $303,028,509 | $66,391,470 |
Collegium Charter School Exton, PA | $97,896,470 | $56,409,808 |
Episcopal Academy Newtown Square, PA | $269,313,676 | $57,388,328 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Potomac School Mclean, VA | $218,505,222 | $52,801,468 |
Springside Chestnut Hill Academy Philadelphia, PA | $133,011,747 | $44,588,176 |
Georgetown Day School Inc Washington, DC | $287,961,903 | $74,613,503 |
The Public School Of Germantown Fort Washington, PA | $141,903,202 | $47,218,283 |
William Penn Charter School Inc Philadelphia, PA | $178,350,194 | $49,270,273 |
Bullis School Inc Potomac, MD | $95,071,669 | $48,025,592 |