The Banner School Inc
- Assets
- $618.6k
- Revenue
- $2.2m
- Investments
- $34.3k
- Employees
- 78
- Location
- Frederick, MD
- Founding
- 06/1983
- Data as of
- 06/2022
- EIN
- 52-1254968
Organization Overview
The Banner School Inc is located in Frederick, MD. The organization was established in 1983. 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, Banner School Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banner 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, Banner School Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 0.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BANNER SCHOOL, THROUGH ITS LEARNING TRIANGLE AND ITS DIVERSE COMMUNITY OF LEARNERS, PROVIDES A NURTURING YET CHALLENGING ENVIRONMENT THAT MOTIVATES STUDENTS TO BECOME RESPONSIBLE CITIZENS WHO LEAD BY EXAMPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL COSTS TO OPERATE AN INDEPENDENT PRIVATE ELEMENTARY AND MIDDLE SCHOOL - GRADES PRE-KINDERGARDEN THROUGH EIGHT.
AUXILLIARY COSTS ARE INCURRED WHICH SUPPORT THE STUDENT ACTIVITIES OF THE PRIVATE SCHOOL
FACILITY COSTS INCURRED TO OPERATE THE PRIVATE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Brockett Trustee | Trustee | 5 | $0 |
Ryan Connor Trustee | Trustee | 5 | $0 |
Michele Hassenyeh President | OfficerTrustee | 50 | $0 |
Bob Iser Vice Preside | OfficerTrustee | 20 | $0 |
Michelle Iser Trustee | Trustee | 40 | $0 |
Brian Johnson Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $151,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,550 |
| Total Program Service Revenue | $2,007,558 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,341 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,891 |
| Net Income from Gaming Activities | $14,310 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,215,650 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,151,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,207 |
| Payroll taxes | $91,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,833 |
| Advertising and promotion | $3,697 |
| Office expenses | $22,001 |
| Information technology | $15,169 |
| Royalties | $0 |
| Occupancy | $133,406 |
| Travel | $0 |
| 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 | $6,032 |
| Insurance | $46,737 |
| All other expenses | $165,561 |
| Total functional expenses | $2,058,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $453,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,234 |
| 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 | $0 |
| Net Land, buildings, and equipment | $12,484 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $34,277 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,000 |
| Total assets | $618,591 |
| Accounts payable and accrued expenses | $148,875 |
| Grants payable | $0 |
| Deferred revenue | $90,478 |
| 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 | $250,772 |
| Other liabilities | $0 |
| Total liabilities | $490,125 |
| Net assets without donor restrictions | $46,383 |
| Net assets with donor restrictions | $82,083 |
| 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 | $618,591 |