Mater Dei School Inc
- Assets
- $30.0m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 36
- Location
- Bethesda, MD
- Founding
- 06/1970
- Data as of
- 06/2022
- EIN
- 52-0906575
Organization Overview
Mater Dei School Inc is located in Bethesda, MD. The organization was established in 1970. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Mater Dei School Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mater Dei 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, Mater Dei School Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $5.4m during the year ending 06/2022. While expenses have increased by 4.5% 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
PRIVATE BOYS SCHOOL SERVING GRADES 1 - 8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL SERVICES TO BOYS IN GRADES 1 - 8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mcmurtrie Head Of School/president | OfficerTrustee | 40 | $180,787 |
Edward Williams President Emeritus | Officer | 40 | $172,117 |
Melissa Dwyer Chief Financial Officer | Officer | 40 | $124,871 |
Susan Lipman Teacher | 40 | $121,687 | |
Virginia Joyce Teacher | 40 | $117,837 | |
Richard Holifield Jr Director Of Grounds | 40 | $115,059 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $281,028 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $812,758 |
| Noncash contributions included in lines 1a–1f | $73,062 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,093,786 |
| Total Program Service Revenue | $5,123,164 |
| Investment income | $1,468,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,850 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $51,481 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,435 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,872,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $419,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $575,885 |
| Compensation of current officers, directors, key employees. | $175,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,080,903 |
| Pension plan accruals and contributions | $239,458 |
| Other employee benefits | $335,408 |
| Payroll taxes | $184,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,559 |
| Advertising and promotion | $0 |
| Office expenses | $119,105 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,030 |
| Travel | $80,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $415,761 |
| Insurance | $107,432 |
| All other expenses | $109,589 |
| Total functional expenses | $5,356,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,015,653 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $32,440 |
| Net Land, buildings, and equipment | $6,488,076 |
| Investments—publicly traded securities | $21,418,461 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,954,630 |
| Accounts payable and accrued expenses | $25,038 |
| Grants payable | $0 |
| Deferred revenue | $338,693 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $363,731 |
| Net assets without donor restrictions | $28,798,176 |
| Net assets with donor restrictions | $792,723 |
| 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 | $29,954,630 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Mater Dei School Inc has recieved totaling $222,042.
| Awarding Organization | Amount |
|---|---|
Andreas Foundation Mankato, MN PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $150,000 |
Gerard B Lambert Foundation Harrison, NY PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $11,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $7,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,449 |
Connelly Foundation West Conshohocken, PA PURPOSE: GENERAL SUPPORT - TDG | $4,500 |
Endowment Analysis
| Beg. Balance | $346,092 |
| Earnings | -$27,006 |
| Net Contributions | $2,500 |
| Other Expense | $2,500 |
| Ending Balance | $319,086 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Norwood School Inc Bethesda, MD | $57,964,554 | $24,196,645 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |
Lowell School Inc Washington, DC | $42,214,480 | $16,545,938 |