Landon School Corporation
- Assets
- $125.0m
- Revenue
- $41.5m
- Investments
- $221.4k
- Employees
- 388
- Location
- Bethesda, MD
- Founding
- 05/1940
- Data as of
- 06/2023
- 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 06/2023, Landon School Corporation employed 388 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 06/2023, Landon School Corporation generated $41.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $38.1m during the year ending 06/2023. While expenses have increased by 2.6% per year over the past 8 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
2023
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 |
|---|---|---|---|
Alex Baldwin Chairman | OfficerTrustee | 1.5 | $0 |
Beverly Hudnut Trustee | Trustee | 1.5 | $0 |
Bill Magruder Secretary | OfficerTrustee | 1.5 | $0 |
Brooke Seawell Trustee | Trustee | 1.5 | $0 |
Burnell E Holland III Trustee | Trustee | 1.5 | $0 |
Debra Graham Trustee | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coakley & Williams Construction Llc Construction | 6/29/23 | $27,013,023 |
Cox Graae Spack Architects Pc Architectural Services | 6/29/23 | $3,057,971 |
Sage Dining Services Inc Food Service | 6/29/23 | $1,072,026 |
Concentus Technology | 6/29/23 | $1,051,852 |
Right Angle Contracting Inc Construction | 6/29/23 | $988,604 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $192,239 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,479,100 |
| Noncash contributions included in lines 1a–1f | $324,442 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,671,339 |
| Total Program Service Revenue | $35,558,693 |
| Investment income | $688,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $305,026 |
| Net Gain/Loss on Asset Sales | $6,947 |
| Net Income from Fundraising Events | $58,888 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $101,942 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,483,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,529,097 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,294,413 |
| Compensation of current officers, directors, key employees. | $132,701 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,690,879 |
| Pension plan accruals and contributions | $731,552 |
| Other employee benefits | $2,076,062 |
| Payroll taxes | $1,200,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,279 |
| Fees for services: Accounting | $60,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,648 |
| Fees for services: Other | $925,368 |
| Advertising and promotion | $123,548 |
| Office expenses | $924,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,080,265 |
| Travel | $920,657 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $385,559 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,366,254 |
| Insurance | $271,663 |
| All other expenses | $1,257,476 |
| Total functional expenses | $38,059,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392 |
| Savings and temporary cash investments | $20,015,795 |
| Pledges and grants receivable | $9,002,162 |
| Accounts receivable, net | $157,256 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $225,507 |
| Inventories for sale or use | $71,374 |
| Prepaid expenses and deferred charges | $575,188 |
| Net Land, buildings, and equipment | $70,552,173 |
| Investments—publicly traded securities | $24,193,092 |
| Investments—other securities | $221,434 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $125,014,373 |
| Accounts payable and accrued expenses | $16,041,307 |
| Grants payable | $0 |
| Deferred revenue | $13,225,543 |
| Tax-exempt bond liabilities | $24,142,694 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,614,985 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,354 |
| Total liabilities | $59,083,883 |
| Net assets without donor restrictions | $29,110,149 |
| Net assets with donor restrictions | $36,820,341 |
| 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 | $125,014,373 |