Mclean School Of Maryland Inc
- Assets
- $25.0m
- Revenue
- $25.1m
- Investments
- $0.0
- Employees
- 181
- Location
- Potomac, MD
- Founding
- 11/1978
- Data as of
- 06/2021
- EIN
- 52-1117092
Organization Overview
Mclean School Of Maryland Inc is located in Potomac, MD. The organization was established in 1978. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Mclean School Of Maryland Inc employed 181 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclean School Of Maryland 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 06/2021, Mclean School Of Maryland Inc generated $25.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $23.7m during the year ending 06/2021. While expenses have increased by 3.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATELY FUNDED, FULL SCOPE, COLLEGE PREPARATORY EDUCATIONAL INSTITUTION DEDICATED TO THE EDUCATION OF STUDENTS FROM KINDERGARTEN THROUGH GRADE 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALONG WITH THE SCHOOL'S MISSION STATEMENT, THE SCHOOL'S DECISION-MAKING IS GUIDED BY ITS STATEMENT OF CORE VALUES AND ITS DIVERSITY/EQUITY STATEMENT. THE CORE VALUES STATE, "AS A COMMUNITY DEDICATED TO A STUDENT CENTERED APPROACH, WHERE THE WELFARE OF THE STUDENT IS A PRIORITY, WE VALUE EQUALLY CREATIVITY, INNOVATION, INTELLECTUAL CURIOSITY AND ACADEMIC ACHIEVEMENT, DIVERSTIY, FLEXIBILITY, RESPECT, A SAFE AND NURTURING ENVIRONMENT, AND A SENSE OF COMMUNITY." THE DIVERSITY/EQUITY STATEMENT BEGINS, "MCLEAN SCHOOL'S COMMITMENT TO DIVERSITY/EQUITY IS AN EXTENSION OF OUR MISSION TO MAKE EDUCATION ACCESSIBLE, STIMULATING, AND MEANINGFUL TO A BROAD RANGE OF LEARNERS." IT ENDS WITH "WE EXPECT THAT ALL COMMUNITY MEMBERS WILL SUPPORT DIVERSITY/EQUITY AT MCLEAN SCHOOL, JUST AS WE EXPECT THAT ALL COMMUNITY MEMBERS WILL BENEFIT FROM THAT WORK."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Saxenian Head Of School | OfficerTrustee | 60 | $350,217 |
Jeffrey Berman Chief Operating And Financ | Officer | 40 | $210,560 |
Melissa Gray-Hughes Director Of Development | 40 | $185,817 | |
Jennifer Whichard Director Of Summer And Asst Head Of Middle School | 40 | $144,109 | |
Josephine Diemond Head Of Upper School | 40 | $139,653 | |
Robert Edwards Director Of Community Incl | 40 | $122,847 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Caskey Group Marketing/printing Service | 6/29/21 | $101,948 |
Coughlin Transportation Transportation | 6/29/21 | $360,195 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,000 |
| Related organizations | $0 |
| Government grants | $2,243,769 |
| All other contributions, gifts, grants, and similar amounts not included above | $581,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,838,609 |
| Total Program Service Revenue | $22,024,775 |
| Investment income | $35,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,250 |
| Net Gain/Loss on Asset Sales | -$1,092 |
| Net Income from Fundraising Events | $171,213 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,074,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,757,832 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $623,465 |
| Compensation of current officers, directors, key employees. | $124,693 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,874,398 |
| Pension plan accruals and contributions | $273,379 |
| Other employee benefits | $1,387,784 |
| Payroll taxes | $765,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,425 |
| Fees for services: Accounting | $38,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,922 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $401,517 |
| Office expenses | $474,654 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $628,319 |
| Travel | $368,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $852,176 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $655,062 |
| Insurance | $83,020 |
| All other expenses | $138,107 |
| Total functional expenses | $23,657,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $9,579,448 |
| Pledges and grants receivable | $105,653 |
| Accounts receivable, net | $64,517 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,948 |
| Prepaid expenses and deferred charges | $118,174 |
| Net Land, buildings, and equipment | $13,707,239 |
| Investments—publicly traded securities | $1,169,859 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $202,201 |
| Total assets | $24,959,539 |
| Accounts payable and accrued expenses | $1,153,665 |
| Grants payable | $0 |
| Deferred revenue | $8,854,368 |
| 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 | $11,434,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,967,546 |
| Total liabilities | $25,410,091 |
| Net assets without donor restrictions | -$1,789,359 |
| Net assets with donor restrictions | $1,338,807 |
| 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 | $24,959,539 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Mclean School Of Maryland Inc has recieved totaling $170,610.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $110,650 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $25,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $15,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $13,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $5,200 |
Lois And Richard England Foundation Bethesda, MD PURPOSE: GENERAL MISSION | $1,000 |
Endowment Analysis
| Beg. Balance | $1,138,659 |
| Earnings | $8,686 |
| Other Expense | $8,686 |
| Ending Balance | $1,138,659 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Shady Side Academy Pittsburgh, PA | $133,159,735 | $43,966,956 |
Shipley School Bryn Mawr, PA | $112,919,649 | $39,287,186 |
Charles E Smith Jewish Day School Of Greater Washington Inc Rockville, MD | $72,940,113 | $37,835,110 |
Landon School Corporation Bethesda, MD | $80,382,622 | $54,334,304 |
Cora Services Inc Philadelphia, PA | $13,503,974 | $35,759,289 |
Friends School Of Baltimore Inc Baltimore, MD | $92,747,497 | $38,147,236 |