Key School Inc
- Assets
- $69.6m
- Revenue
- $24.7m
- Investments
- $4.8m
- Employees
- 317
- Location
- Annapolis, MD
- Founding
- 06/1962
- Data as of
- 06/2023
- EIN
- 52-0701774
Organization Overview
Key School Inc is located in Annapolis, MD. The organization was established in 1962. 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, Key School Inc employed 317 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key 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 06/2023, Key School Inc generated $24.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $23.3m during the year ending 06/2023. While expenses have increased by 3.9% 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
INDEPENDENT, NON-SECTARIAN, NON-PROFIT, PK - GRADE 12 SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES EDUCATION FOR STUDENTS FROM PRE-SCHOOL THROUGH GRADE 12, APPROXIMATELY 658 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Nespole Head Of School | OfficerTrustee | 60 | $417,961 |
Alanna Wright President | OfficerTrustee | 1 | $0 |
John Hilbert Vice-President | OfficerTrustee | 1 | $0 |
Peter Biche Treasurer | OfficerTrustee | 1 | $0 |
M Kenneth Kissel Secretary | OfficerTrustee | 1 | $0 |
Mark Baganz Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greener Visions Landscaping Grounds Management And Landscaping | 6/29/23 | $391,260 |
Clean Net Of Baltimore Washington Cleaning Service Providers | 6/29/23 | $343,900 |
Brightview Landscape Services Landscaping Services | 6/29/23 | $282,961 |
The Handwork Studio Summer Camp Services | 6/29/23 | $127,015 |
Brock Food Service Food Service Provider | 6/29/23 | $259,203 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $131,139 |
| Related organizations | $0 |
| Government grants | $1,027,114 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,245,481 |
| Noncash contributions included in lines 1a–1f | $4,957 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,403,734 |
| Total Program Service Revenue | $20,536,969 |
| Investment income | $652,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,819 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,787 |
| Net Income from Gaming Activities | $16,325 |
| Net Income from Sales of Inventory | $1,872 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,739,248 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,556,760 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $631,306 |
| Compensation of current officers, directors, key employees. | $197,211 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,842,410 |
| Pension plan accruals and contributions | $368,691 |
| Other employee benefits | $2,289,632 |
| Payroll taxes | $777,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,236 |
| Fees for services: Accounting | $67,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $99,877 |
| Office expenses | $196,254 |
| Information technology | $231,964 |
| Royalties | $0 |
| Occupancy | $1,595,829 |
| Travel | $156,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $434,298 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,435,580 |
| Insurance | $101,760 |
| All other expenses | $394,622 |
| Total functional expenses | $23,255,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,930 |
| Savings and temporary cash investments | $7,675,940 |
| Pledges and grants receivable | $1,803,249 |
| Accounts receivable, net | $13,996,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,237 |
| Prepaid expenses and deferred charges | $470,853 |
| Net Land, buildings, and equipment | $25,449,740 |
| Investments—publicly traded securities | $15,035,110 |
| Investments—other securities | $4,789,467 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $278,055 |
| Total assets | $69,557,147 |
| Accounts payable and accrued expenses | $1,860,022 |
| Grants payable | $0 |
| Deferred revenue | $16,293,207 |
| Tax-exempt bond liabilities | $14,079,681 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $178,804 |
| Unsecured mortgages and notes payable | $15,000 |
| Other liabilities | $298,947 |
| Total liabilities | $32,725,661 |
| Net assets without donor restrictions | $22,195,745 |
| Net assets with donor restrictions | $14,635,741 |
| 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 | $69,557,147 |