Madeira School Inc
- Assets
- $209.3m
- Revenue
- $36.7m
- Investments
- $46.7m
- Employees
- 265
- Location
- Mclean, VA
- Founding
- 03/1951
- Data as of
- 06/2021
- EIN
- 54-0505925
Organization Overview
Madeira School Inc is located in Mclean, VA. The organization was established in 1951. 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 06/2022, Madeira School Inc employed 265 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madeira 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, Madeira School Inc generated $36.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $25.3m during the year ending 06/2021. While expenses have increased by 1.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS A BOARDING-DAY SCHOOL FOR GIRLS, MADEIRA'S MISSION IS LAUNCHING WOMEN WHO CHANGE THE WORLD.
Describe the Organization's Program Activity:
BOARDING AND DAY SCHOOL FOR GIRLS, PROVIDING HIGH SCHOOL EDUCATION (334 STUDENTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meriwether Godsey Food Services | 6/29/22 | $1,432,021 |
Anderson Mechanical Services Inc Hvac Contractor | 6/29/22 | $1,358,735 |
Palm Facility Services Llc Cleaning - Janitorial Services | 6/29/22 | $667,495 |
Harry Braswell Inc Construction | 6/29/22 | $785,616 |
Coakley And Williams Construction Llc Construction | 6/29/22 | $1,195,897 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,789,287 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,507,674 |
| Noncash contributions included in lines 1a–1f | $1,592,260 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,296,961 |
| Total Program Service Revenue | $17,793,227 |
| Investment income | $463,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,120,669 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,674,102 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,567,524 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,594,278 |
| Compensation of current officers, directors, key employees. | $1,594,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,897,905 |
| Pension plan accruals and contributions | $688,720 |
| Other employee benefits | $631,166 |
| Payroll taxes | $643,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $337,060 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $122,339 |
| Fees for services: Other | $4,337,858 |
| Advertising and promotion | $19,910 |
| Office expenses | $1,172,109 |
| Information technology | $121,069 |
| Royalties | $0 |
| Occupancy | $438,172 |
| Travel | $6,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $139,381 |
| Interest | $1,179,601 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,976,310 |
| Insurance | $303,752 |
| All other expenses | $0 |
| Total functional expenses | $25,260,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,479,508 |
| Pledges and grants receivable | $5,846,002 |
| Accounts receivable, net | $2,079,962 |
| 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 | $480,262 |
| Net Land, buildings, and equipment | $75,582,355 |
| Investments—publicly traded securities | $36,112,433 |
| Investments—other securities | $46,659,709 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,057,242 |
| Total assets | $209,297,473 |
| Accounts payable and accrued expenses | $3,446,039 |
| Grants payable | $0 |
| Deferred revenue | $10,914,763 |
| Tax-exempt bond liabilities | $10,376,017 |
| 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 | $2,840,623 |
| Total liabilities | $27,577,442 |
| Net assets without donor restrictions | $82,427,588 |
| Net assets with donor restrictions | $99,292,443 |
| 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 | $209,297,473 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Madeira School Inc has recieved totaling $1,000,000.
| Awarding Organization | Amount |
|---|---|
Anonymous Trust Raleigh, NC PURPOSE: GRANT FOR GENERAL OPERATING SUPPORT (INSTALLMENT ONE OF TWO) | $500,000 |
Anonymous Trust Raleigh, NC PURPOSE: GRANT FOR GENERAL OPERATING SUPPORT | $500,000 |
Endowment Analysis
| Beg. Balance | $83,596,362 |
| Earnings | -$6,880,494 |
| Net Contributions | $609,980 |
| Other Expense | $2,997,666 |
| Ending Balance | $74,328,182 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Mcdonogh School Incorporated Owings Mills, MD | $267,537,945 | $83,365,139 |
The East Coast Migrant Head Start Project Raleigh, NC | $15,412,919 | $60,635,891 |
Georgetown Day School Inc Washington, DC | $314,406,579 | $96,635,135 |
Charlotte Country Day School Charlotte, NC | $226,176,676 | $57,558,870 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |