Nora School
- Assets
- $5.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Silver Spring, MD
- Founding
- 09/1977
- Data as of
- 06/2022
- EIN
- 52-1036230
Organization Overview
Nora School is located in Silver Spring, MD. The organization was established in 1977. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Nora School employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nora School 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, Nora School generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 2.4% 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
THE NORA SCHOOL IS A PROGRSSIVE, SOCIALLY-CONSCIOUS, COLLEGE PREPARTORY HIGH SCHOOL THAT IS SMALL BY DESIGN, ACADEMICALLY SUPPORTIVE, AND COMMUNITY ORIENTED. NORA PROVIDES AN INSPIRING SPACE FOR A DIVERSE GROUP OF STUDENTS AND TEACHERS TO GROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORA IS A SMALL, PROGRESSIVE, INDEPENDENT COLLEGE PREPARATORY DAY SCHOOL FOR STUDENTS IN GRADES 9 THROUGH 12. TEACHERS AND STUDENTS WORK TOGETHER TO: FOSTER INTELLECTUAL AND INQUIRING LEARNERS, DISCOVER THEIR UNIQUE INDENTITY AND PLACE IN THE WORLD, DEVELOP SOCIAL AWARENESS THAT IMPELS THEM TO ACTION AND PREPARE FOR COLLEGE AND FOR LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mara Nicastro Head Of School | OfficerTrustee | 40 | $179,770 |
Brennan Boothby Director | Trustee | 1 | $61,643 |
Mary Mussman Secretary | OfficerTrustee | 1 | $0 |
Andrew Schoenbach Treasurer | OfficerTrustee | 1 | $0 |
Judy Gelman Chair | OfficerTrustee | 1 | $0 |
Michael Wilson Director | Trustee | 1 | $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 | $101,933 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,933 |
| Total Program Service Revenue | $2,182,133 |
| Investment income | $58,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,419 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,334,406 |
| 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. | $262,457 |
| Compensation of current officers, directors, key employees. | $60,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $810,759 |
| Pension plan accruals and contributions | $22,438 |
| Other employee benefits | $78,158 |
| Payroll taxes | $80,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $940 |
| Fees for services: Accounting | $8,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,121 |
| Office expenses | $25,090 |
| Information technology | $27,806 |
| Royalties | $0 |
| Occupancy | $51,127 |
| Travel | $8,414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,705 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,707 |
| Insurance | $0 |
| All other expenses | $50,238 |
| Total functional expenses | $1,725,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $762,551 |
| Savings and temporary cash investments | $186,142 |
| 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 | $4,108 |
| Net Land, buildings, and equipment | $3,366,703 |
| Investments—publicly traded securities | $1,159,831 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,479,335 |
| Accounts payable and accrued expenses | $34,572 |
| Grants payable | $0 |
| Deferred revenue | $199,850 |
| 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 | $869,636 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,104,058 |
| Net assets without donor restrictions | $4,309,875 |
| Net assets with donor restrictions | $65,402 |
| 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 | $5,479,335 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nora School has recieved totaling $4,193.
| Awarding Organization | Amount |
|---|---|
William & Karen Tell Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $193 |
Endowment Analysis
| Beg. Balance | $251,778 |
| Ending Balance | $251,778 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Field School Inc Washington, DC | $76,281,193 | $21,035,391 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
The Seed School Of Maryland Inc Baltimore, MD | $46,101,801 | $18,646,195 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Foxcroft School Middleburg, VA | $142,226,453 | $10,560,576 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |
Linsly School Incorporated Wheeling, WV | $48,098,120 | $15,151,725 |
Randolph Macon Academy Front Royal, VA | $36,335,018 | $14,186,434 |
Chatham Hall Chatham, VA | $93,224,098 | $20,472,226 |
Glen Mills Schools Concordville, PA | $72,581,010 | $5,135,685 |
Solebury School New Hope, PA | $31,595,369 | $15,801,404 |