Maret School Inc
- Assets
- $103.2m
- Revenue
- $38.6m
- Investments
- $0.0
- Employees
- 215
- Location
- Washington, DC
- Founding
- 12/1938
- Data as of
- 06/2023
- EIN
- 53-0211355
Organization Overview
Maret School Inc is located in Washington, DC. The organization was established in 1938. 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 06/2023, Maret School Inc employed 215 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maret 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 06/2023, Maret School Inc generated $38.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $35.7m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MARET IS A VIBRANT K-12, CO-EDUCATIONAL, INDEPENDENT SCHOOL IN WASHINGTON, DC. WE IGNITE OUR STUDENTS' POTENTIAL AND FOSTER THEIR ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION TO STUDENTS FROM KINDERGARTEN THROUGH GRADE TWELVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leigh Comas President | OfficerTrustee | 2 | $0 |
Sylvia White Vice President | OfficerTrustee | 2 | $0 |
Michael Kirshbaum Treasurer | OfficerTrustee | 2 | $0 |
Vadim Nikitine Secretary | OfficerTrustee | 2 | $0 |
Ian Cameron Assistant Secretary | OfficerTrustee | 2 | $0 |
Aakash Thakkar Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik International Corp Food Services | 6/29/23 | $1,241,949 |
Mcdonald Cleaning Systems Inc Cleaning Services | 6/29/23 | $511,929 |
Synergy Management Group Llc Hvac | 6/29/23 | $251,970 |
Goulston & Storrs Pc Consultation Services | 6/29/23 | $222,295 |
Allied Universal Security Service Security Services | 6/29/23 | $213,810 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $611,613 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,024,225 |
| Noncash contributions included in lines 1a–1f | $1,303,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,635,838 |
| Total Program Service Revenue | $29,112,308 |
| Investment income | $1,448,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $253,688 |
| Net Gain/Loss on Asset Sales | $121,205 |
| Net Income from Fundraising Events | -$3,478 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,602,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,393,642 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,191,253 |
| Compensation of current officers, directors, key employees. | $256,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,391,423 |
| Pension plan accruals and contributions | $1,015,999 |
| Other employee benefits | $41,425 |
| Payroll taxes | $2,749,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $310,159 |
| Fees for services: Accounting | $52,844 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $205,416 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $526,273 |
| Travel | $78,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $429,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,292,112 |
| Insurance | $0 |
| All other expenses | $1,328,048 |
| Total functional expenses | $35,675,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,634,038 |
| Savings and temporary cash investments | $13,791,214 |
| Pledges and grants receivable | $3,542,769 |
| Accounts receivable, net | $694,263 |
| 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 | $225,546 |
| Net Land, buildings, and equipment | $31,017,224 |
| Investments—publicly traded securities | $49,340,465 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,245,519 |
| Accounts payable and accrued expenses | $703,983 |
| Grants payable | $0 |
| Deferred revenue | $9,988,652 |
| Tax-exempt bond liabilities | $13,901,559 |
| Escrow or custodial account liability | $100,825 |
| 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 | $491,317 |
| Total liabilities | $25,186,336 |
| Net assets without donor restrictions | $46,081,426 |
| Net assets with donor restrictions | $31,977,757 |
| 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 | $103,245,519 |