Salisbury School Inc
- Assets
- $6.1m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 149
- Location
- Salisbury, MD
- Founding
- 04/1972
- Data as of
- 06/2024
- 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 06/2024, Salisbury School Inc employed 149 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 06/2024, Salisbury School Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $6.3m during the year ending 06/2024. While expenses have increased by 2.6% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE SALISBURY SCHOOL IS A COMMUNITY OF LEARNERS WHO REACH THEIR INDIVIDUAL POTENTIAL THROUGH AN EXPERIENTIAL, COLLEGE-BOUND CURRICULUM. OUR WHOLE-CHILD APPROACH DEVELOPS CARING,CONFIDENT STUDENTS WHO ARE PREPARED TO THRIVE AS GLOBAL CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT DAY SCHOOL - PRESCHOOL THROUGH GRADE 12 SERVING APPROXIMATELY 384 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamieson Lecates CFO | Officer | 40 | $101,090 |
Beverly Dearing Part-Year Head Of School | Officer | 40 | $77,998 |
Clay Elliot Part-Year Head Of School | Officer | 40 | $62,360 |
Scott Robertson Board Chair | OfficerTrustee | 8 | $0 |
Monty Sayler Vice-Chair | OfficerTrustee | 0 | $0 |
Gerard Hogan Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $154,111 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $277,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,541 |
| Total Program Service Revenue | $5,853,099 |
| Investment income | $66,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$195 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,429,358 |
| 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. | $267,716 |
| Compensation of current officers, directors, key employees. | $37,607 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,364,871 |
| Pension plan accruals and contributions | $13,132 |
| Other employee benefits | $207,647 |
| Payroll taxes | $273,563 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,409 |
| Fees for services: Accounting | $15,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $726 |
| Advertising and promotion | $35,491 |
| Office expenses | $25,161 |
| Information technology | $171,811 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $115,293 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $344,270 |
| Insurance | $94,859 |
| All other expenses | $361,474 |
| Total functional expenses | $6,327,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,591,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,074 |
| Accounts receivable, net | $79,346 |
| 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 | $10,981 |
| Net Land, buildings, and equipment | $4,175,588 |
| Investments—publicly traded securities | $245,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,019 |
| Total assets | $6,122,384 |
| Accounts payable and accrued expenses | $475,380 |
| Grants payable | $0 |
| Deferred revenue | $1,549,228 |
| 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 | $2,123,165 |
| Unsecured mortgages and notes payable | $144,234 |
| Other liabilities | $10,019 |
| Total liabilities | $4,302,026 |
| Net assets without donor restrictions | $1,764,668 |
| Net assets with donor restrictions | $55,690 |
| 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 | $6,122,384 |