Landon School Corporation
- Assets
- $80.4m
- Revenue
- $54.3m
- Investments
- $222.7k
- Employees
- 386
- Location
- Bethesda, MD
- Founding
- 05/1940
- Data as of
- 06/2022
- EIN
- 52-0635092
Organization Overview
Landon School Corporation is located in Bethesda, MD. The organization was established in 1940. 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, Landon School Corporation employed 386 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Landon School Corporation 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, Landon School Corporation generated $54.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $35.6m during the year ending 06/2022. While expenses have increased by 2.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAINING EDUCATIONAL PROGRAMS FOR STUDENTS AT THE ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING EDUCATIONAL PROGRAMS FOR STUDENTS AT THE ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Neill President/headmaster | OfficerTrustee | 60 | $601,820 |
Peter Gallo Director Of Development | Officer | 60 | $177,266 |
Charles Franklin Assistant Headmaster | 60 | $154,947 | |
Sarah Powers Director Of Admissions | 60 | $154,523 | |
Christopher Harper Cfo/coo | Officer | 60 | $146,263 |
Erin Duffy Head Of Middle School | 60 | $141,575 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coakley & Williams Construction Llc Construction | 6/29/22 | $654,322 |
Cox Graae Spack Architects Pc Architectural Services | 6/29/22 | $2,229,439 |
Sage Dining Services Inc Food Service | 6/29/22 | $948,070 |
Bolana Enterprises Inc Facility Services (Cleaning/janitorial) | 6/29/22 | $342,518 |
Right Angle Contracting Inc Contractor | 6/29/22 | $664,229 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $103,345 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,764,294 |
| Noncash contributions included in lines 1a–1f | $1,729,398 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,867,639 |
| Total Program Service Revenue | $34,314,719 |
| Investment income | $526,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $215,231 |
| Net Gain/Loss on Asset Sales | $2,160 |
| Net Income from Fundraising Events | $177,034 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $132,772 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,334,304 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,425,248 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,169,609 |
| Compensation of current officers, directors, key employees. | $127,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,607,938 |
| Pension plan accruals and contributions | $680,639 |
| Other employee benefits | $2,057,682 |
| Payroll taxes | $1,136,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,713 |
| Fees for services: Accounting | $58,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,165 |
| Fees for services: Other | $698,349 |
| Advertising and promotion | $127,340 |
| Office expenses | $1,200,990 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $948,093 |
| Travel | $422,457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $373,489 |
| Interest | $102,156 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,232,657 |
| Insurance | $280,475 |
| All other expenses | $931,467 |
| Total functional expenses | $35,558,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $22,825,750 |
| Pledges and grants receivable | $12,989,643 |
| Accounts receivable, net | $78,056 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $221,085 |
| Inventories for sale or use | $49,024 |
| Prepaid expenses and deferred charges | $683,130 |
| Net Land, buildings, and equipment | $22,677,565 |
| Investments—publicly traded securities | $20,635,153 |
| Investments—other securities | $222,716 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,382,622 |
| Accounts payable and accrued expenses | $2,987,413 |
| Grants payable | $0 |
| Deferred revenue | $12,469,091 |
| Tax-exempt bond liabilities | $3,718,785 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $511,560 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $88,480 |
| Total liabilities | $19,775,329 |
| Net assets without donor restrictions | $17,660,105 |
| Net assets with donor restrictions | $42,947,188 |
| 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 | $80,382,622 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Landon School Corporation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Caneel Family Foundation Wilmington, DE PURPOSE: DONATION TOWARD PROFESSIONAL DEVELOPMENT FOR TEACHER-COACH-MENTORS | $5,000 |
Endowment Analysis
| Beg. Balance | $24,989,567 |
| Earnings | -$3,491,137 |
| Net Contributions | $1,287,834 |
| Other Expense | $706,961 |
| Ending Balance | $22,079,303 |
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 |