Salisbury School Inc
- Assets
- $6.3m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 133
- Location
- Salisbury, MD
- Founding
- 04/1972
- Data as of
- 06/2022
- EIN
- 52-0904771
Organization Overview
Salisbury School Inc is located in Salisbury, MD. The organization was established in 1972. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Salisbury School Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salisbury 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 06/2022, Salisbury School Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $5.9m during the year ending 06/2022. While expenses have increased by 2.2% 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
NON-PROFIT EDUCATIONAL INSTITUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT DAY SCHOOL - PRESCHOOL THROUGH GRADE 12 SERVING APPROXIMATELY 366 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leann Mah Treasurer | OfficerTrustee | 0 | $0 |
Scott Robertson Board Chair | OfficerTrustee | 8 | $0 |
Beverly Dearing Headmaster | Officer | 40 | $0 |
Monty Sayler Vice-Chair | Trustee | 0 | $0 |
Gerard Hogan Secretary | Trustee | 0 | $0 |
Ken Usab Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $361,013 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,013 |
| Total Program Service Revenue | $4,764,692 |
| Investment income | $84,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $5,796,453 |
| 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. | $98,897 |
| Compensation of current officers, directors, key employees. | $19,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,201,994 |
| Pension plan accruals and contributions | $204,511 |
| Other employee benefits | $0 |
| Payroll taxes | $280,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,470 |
| Advertising and promotion | $62,575 |
| Office expenses | $29,908 |
| Information technology | $164,355 |
| Royalties | $0 |
| Occupancy | $179,116 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $119,792 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $372,293 |
| Insurance | $88,116 |
| All other expenses | $237,375 |
| Total functional expenses | $5,894,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $649,597 |
| Savings and temporary cash investments | $978,205 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,291 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,434 |
| Net Land, buildings, and equipment | $4,342,872 |
| Investments—publicly traded securities | $211,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,313,539 |
| Accounts payable and accrued expenses | $433,255 |
| Grants payable | $0 |
| Deferred revenue | $1,819,824 |
| 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 | $2,360,671 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $4,763,750 |
| Net assets without donor restrictions | $1,526,158 |
| Net assets with donor restrictions | $23,631 |
| 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 | $6,313,539 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Salisbury School Inc has recieved totaling $291,955.
| Awarding Organization | Amount |
|---|---|
Kevin E Myers Family Foundation Berlin, MD PURPOSE: CHARITABLE - UNRESTRICTED | $145,000 |
The Thompson Family Foundation Inc New York, NY PURPOSE: TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTIONS. | $100,000 |
Arthur W Perdue Foundation Inc Wilmington, DE PURPOSE: TSS EDUCATION ENDOWMENT FUND | $25,000 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD PURPOSE: EDUCATION | $20,000 |
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $1,000 |
John Winthrop Charitable Trust Charleston, SC PURPOSE: GENERAL | $500 |
Endowment Analysis
| Beg. Balance | $245,725 |
| Earnings | -$34,585 |
| Ending Balance | $211,140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Indian Creek School Incorporated Crownsville, MD | $30,010,402 | $16,596,425 |
Kipp Philadelphia Charter School Philadelphia, PA | $30,756,682 | $16,805,323 |
Chester Charter Scholars Academy Chester, PA | $12,106,141 | $12,761,901 |
First Start Partnerships For Children And Families Inc Chambersburg, PA | $1,240,944 | $9,208,850 |
Morris And Rose Caskey Torah Academy Of Greater Philadelphia Wynnewood, PA | $19,605,172 | $11,408,583 |
Head Start Of Washington County Inc Hagerstown, MD | $4,452,901 | $7,265,317 |
Salisbury School Inc Salisbury, MD | $6,313,539 | $5,796,453 |
Richmond Montessori School Inc Richmond, VA | $10,937,942 | $7,480,859 |
National Child Research Center Washington, DC | $18,249,824 | $5,793,613 |
Plumstead Christian School Plumsteadville, PA | $10,735,622 | $6,287,243 |
Salisbury Christian School Inc Salisbury, MD | $7,493,409 | $5,239,580 |