The Jemicy School Inc
- Assets
- $61.4m
- Revenue
- $23.6m
- Investments
- $0.0
- Employees
- 217
- Location
- Owings Mills, MD
- Founding
- 03/1974
- Data as of
- 06/2023
- EIN
- 52-0976194
Organization Overview
The Jemicy School Inc is located in Owings Mills, MD. The organization was established in 1974. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, Jemicy School Inc employed 217 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jemicy 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, Jemicy School Inc generated $23.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $19.9m during the year ending 06/2023. While expenses have increased by 4.8% 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
JEMICY SCHOOL EDUCATES TALENTED AND BRIGHT STUDENTS WITH DYSLEXIA OR OTHER RELATED LANGUAGE-BASED LEARNING DIFFERENCES BY ADDRESSING BOTH THEIR INTELLECTUAL STRENGTHS AND THEIR LEARNING NEEDS. THE SCHOOL UTILIZES CREATIVE, MULTISENSORY, AND RESEARCH-BASED PROGRAMS AND TECHNIQUES TO DEVELOP READING, WRITING, SPELLING, MATH AND ORGANIZATIONS SKILLS; PROMOTE A LOVE OF LEARNING; AND PREPARE STUDENTS FOR THE INTELLECTUAL AND SOCIAL CHALLENGES OF COLLEGE AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JEMICY SCHOOL PROVIDED EDUCATIONAL SERVICES TO 424 STUDENTS IN GRADES 1-12 WITH DYSLEXIA AND OTHER LANGUAGE BASED LEARNING DIFFERENCES.
THE ORGANIZATION PROVIDES SPECIAL PROGRAMS AND ACTIVITIES FOR ITS STUDENTS SUCH AS A SUMMER CAMP, PROJECT READ, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Shifrin Head Of School | OfficerTrustee | 40 | $296,281 |
Steven L Berman Trustee | Trustee | 2 | $0 |
Lois Cohen Trustee | Trustee | 2 | $0 |
Marc Cohen Trustee | Trustee | 2 | $0 |
Steve G Gilden Secretary | OfficerTrustee | 2 | $0 |
Nate Tower Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meadowbrook Construction Company Llc Construction | 6/29/23 | $378,914 |
P2p Travel Llc Travel Services | 6/29/23 | $154,350 |
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 | $4,164,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,164,044 |
| Total Program Service Revenue | $18,829,269 |
| Investment income | $777,211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,891 |
| Net Gain/Loss on Asset Sales | $41,378 |
| Net Income from Fundraising Events | -$210,459 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,627,429 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,889,617 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $730,117 |
| Compensation of current officers, directors, key employees. | $104,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,008,335 |
| Pension plan accruals and contributions | $518,026 |
| Other employee benefits | $1,202,438 |
| Payroll taxes | $757,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,740 |
| Fees for services: Accounting | $49,171 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $20,000 |
| Fees for services: Investment Management | $135,468 |
| Fees for services: Other | $48,084 |
| Advertising and promotion | $44,548 |
| Office expenses | $571,375 |
| Information technology | $313,227 |
| Royalties | $0 |
| Occupancy | $390,384 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $875,099 |
| Insurance | $94,079 |
| All other expenses | $22,619 |
| Total functional expenses | $19,852,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,911 |
| Savings and temporary cash investments | $5,516,451 |
| Pledges and grants receivable | $2,828,205 |
| Accounts receivable, net | $25,600 |
| 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 | $252,152 |
| Net Land, buildings, and equipment | $22,935,824 |
| Investments—publicly traded securities | $29,426,430 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,511 |
| Total assets | $61,370,084 |
| Accounts payable and accrued expenses | $2,762,429 |
| Grants payable | $0 |
| Deferred revenue | $4,237,360 |
| 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 | $609,022 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,210 |
| Total liabilities | $7,636,021 |
| Net assets without donor restrictions | $30,101,944 |
| Net assets with donor restrictions | $23,632,119 |
| 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 | $61,370,084 |