Odyssey School Inc
- Assets
- $27.8m
- Revenue
- $6.5m
- Investments
- $2.8m
- Employees
- 88
- Location
- Lutherville, MD
- Founding
- 09/1994
- Data as of
- 06/2021
- EIN
- 52-1870341
Organization Overview
Odyssey School Inc is located in Lutherville, MD. The organization was established in 1994. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Odyssey School Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Odyssey 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 06/2021, Odyssey School Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $6.5m during the year ending 06/2021. While expenses have increased by 1.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION TO DYSLEXIC CHILDREN IN GRADES K THROUGH EIGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL OPERATIONS AND INSTRUCTIONAL COSTS OF SCHOOL FOR DYSLEXIC CHILDREN IN GRADES K THROUGH 8. ODYSSEY SCHOOL HELPS STUDENTS BUILD SELF-ESTEEM AND CONFIDENCE IN SPITE OF A LEARNING DIFFERENCE, EMPOWERING THEM TO UNDERSTAND THEIR SPECIAL MINDS AND TO FIND AND USE THEIR STRENGTHS TO A GREATER ADVANTAGE. TEACHING SELF-ADVOCACY IS A PART OF THE DAILY PROGRAM. THE SCHOOL PROVIDES EARLY INTERVENTION THAT PROMOTES SUCCESS THROUGH ITS COMPREHENSIVE PROGRAM THAT INCLUDES RESEARCH DRIVEN TEACHING APPROACHES THAT ARE REINFORCED IN DAILY TUTORING SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha H Sweeney Head Of School | OfficerTrustee | 40 | $197,905 |
Suzanne R Riedel Chair | Trustee | 1 | $0 |
William I Intner Secretary | Trustee | 1 | $0 |
R Lockwood Curtis Trustee | Trustee | 1 | $0 |
Matthew W Hudson Treasurer | Trustee | 1 | $0 |
Andrew Dripps Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $789,075 |
| Investment income | $347,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $169 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,462,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $622,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $237,119 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,390,031 |
| Pension plan accruals and contributions | $125,814 |
| Other employee benefits | $338,432 |
| Payroll taxes | $258,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,650 |
| Fees for services: Accounting | $30,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,882 |
| Fees for services: Other | $20,550 |
| Advertising and promotion | $26,392 |
| Office expenses | $106,769 |
| Information technology | $125,420 |
| Royalties | $0 |
| Occupancy | $75,154 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,423 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $362,671 |
| Insurance | $85,717 |
| All other expenses | $0 |
| Total functional expenses | $6,453,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $4,248,453 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,849 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,613 |
| Prepaid expenses and deferred charges | $31,897 |
| Investments—publicly traded securities | $10,318,433 |
| Investments—other securities | $2,792,342 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,787,772 |
| Accounts payable and accrued expenses | $642,580 |
| Grants payable | $0 |
| Deferred revenue | $839,156 |
| 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 | $1,481,736 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $26,306,036 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Odyssey School Inc has recieved totaling $53,841.
| Awarding Organization | Amount |
|---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $28,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,330 |
The A C And Penney Hubbard Foundation Inc Baltimore, MD PURPOSE: DONATION | $5,261 |
Dowell Family Foundation Inc Naples, FL PURPOSE: OPERATING FUND | $1,750 |
Corinne H Dale Family Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $7,915,176 |
| Earnings | $1,234,392 |
| Net Contributions | $184,456 |
| Other Expense | $158,334 |
| Ending Balance | $9,175,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Paths Training School Inc Dumfries, VA | $29,662,762 | $20,489,291 |
Ivymount School Inc Rockville, MD | $17,009,081 | $19,214,475 |
The Faison Center Inc Richmond, VA | $62,568,652 | $21,070,606 |
Pennsylvania School For The Deaf Philadelphia, PA | $50,307,552 | $18,217,495 |
The Jemicy School Inc Owings Mills, MD | $60,314,466 | $19,832,444 |
Innovative Learning Inc Annapolis, MD | $14,693,405 | $15,755,864 |
Tlc- The Treatment & Learning Centers Inc Rockville, MD | $16,034,183 | $16,805,293 |
Linwood Center Inc Ellicott City, MD | $17,528,411 | $14,193,364 |
Pathway School Jeffersonville, PA | $3,810,841 | $12,917,266 |
Camphill Special School Inc Glenmoore, PA | $20,430,616 | $13,695,303 |
Phmc Integrated Philadelphia, PA | $4,344,336 | $13,457,357 |
Washington Leadership Academy Public Charter School Washington, DC | $6,698,710 | $11,961,508 |