Holton-Arms School Inc
- Assets
- $129.9m
- Revenue
- $42.1m
- Investments
- $18.7m
- Employees
- 391
- Location
- Bethesda, MD
- Founding
- 03/1934
- Data as of
- 06/2022
- EIN
- 53-0196507
Organization Overview
Holton-Arms School Inc is located in Bethesda, MD. The organization was established in 1934. 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, Holton-Arms School Inc employed 391 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holton-Arms 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, Holton-Arms School Inc generated $42.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $40.1m during the year ending 06/2022. While expenses have increased by 2.3% 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
A PRIVATE EDUCATIONAL INSTITUTION FOR GIRLS IN GRADES THREE THROUGH TWELVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1901, HOLTON-ARMS IS A COLLEGE-PREPARATORY SCHOOL FOR GIRLS GRADES 3-12. THE SCHOOL PROVIDES RIGOROUS AND DYNAMIC PROGRAMS IN THE TRADITIONAL ACADEMIC AREAS, THE FINE AND PERFORMING ARTS, AND ATHLETICS. THE SCHOOL IS ACCREDITED BY: MIDDLE STATES ASSOCIATION OF COLLEGES & SCHOOLS; ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS; AND LICENSED IN THE STATE OF MARYLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrena Ifill Blagburn Chair | OfficerTrustee | 10 | $0 |
John Klick President | OfficerTrustee | 10 | $0 |
Sandra Engle Gichner Secretary | OfficerTrustee | 10 | $0 |
Nicole Y Lamb-Hale Trustee | Trustee | 3 | $0 |
Leslie Armitage Trustee | Trustee | 3 | $0 |
Marcia Bateson Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arent Fox Llp Legal Services | 6/29/22 | $1,927,489 |
Meriwether Godsey Food Services | 6/29/22 | $1,143,873 |
Coakley & Williams Construction Llc Construction | 6/29/22 | $1,661,290 |
Palm Facility Services Llc Cleaning Services | 6/29/22 | $506,567 |
Middledorf Bus Company Inc Transportation Services | 6/29/22 | $330,143 |
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 | $4,640,788 |
| Noncash contributions included in lines 1a–1f | $395,831 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,640,788 |
| Total Program Service Revenue | $34,575,604 |
| Investment income | $2,285,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $214,950 |
| Net Gain/Loss on Asset Sales | $143,809 |
| Net Income from Fundraising Events | $157,650 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $67,549 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,118,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,304,615 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,776,781 |
| Compensation of current officers, directors, key employees. | $1,089,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,595,820 |
| Pension plan accruals and contributions | $1,274,388 |
| Other employee benefits | $1,539,409 |
| Payroll taxes | $1,272,470 |
| Fees for services: Management | $64,770 |
| Fees for services: Legal | $1,671,725 |
| Fees for services: Accounting | $63,762 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $148,877 |
| Fees for services: Other | $2,019,276 |
| Advertising and promotion | $16,855 |
| Office expenses | $256,891 |
| Information technology | $307,265 |
| Royalties | $0 |
| Occupancy | $1,928,585 |
| Travel | $81,386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $794,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,072,164 |
| Insurance | $431,416 |
| All other expenses | $1,674,800 |
| Total functional expenses | $40,136,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,325 |
| Savings and temporary cash investments | $9,064,918 |
| Pledges and grants receivable | $2,782,740 |
| Accounts receivable, net | $23,449,785 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,385 |
| Prepaid expenses and deferred charges | $1,130,832 |
| Net Land, buildings, and equipment | $36,222,805 |
| Investments—publicly traded securities | $38,249,409 |
| Investments—other securities | $18,685,644 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $204,191 |
| Total assets | $129,884,034 |
| Accounts payable and accrued expenses | $2,845,398 |
| Grants payable | $0 |
| Deferred revenue | $30,591,099 |
| Tax-exempt bond liabilities | $18,768,448 |
| 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 | $707,540 |
| Total liabilities | $52,912,485 |
| Net assets without donor restrictions | $56,808,768 |
| Net assets with donor restrictions | $20,162,781 |
| 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 | $129,884,034 |