The Foundation Schools
- Assets
- $16.4m
- Revenue
- $19.8m
- Investments
- $0.0
- Employees
- 256
- Location
- Largo, MD
- Founding
- 08/1975
- Data as of
- 06/2022
- EIN
- 23-7425256
Organization Overview
The Foundation Schools is located in Largo, MD. The organization was established in 1975. 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, Foundation Schools employed 256 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Schools 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, Foundation Schools generated $19.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $19.0m during the year ending 06/2022. While expenses have increased by 3.4% 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
PROVIDE SPECIALIZED EDUCATIONAL AND THERAPEUTIC PROGRAMS FOR STUDENTS WITH EMOTIONAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SCHOOLS: THE FOUNDATION SCHOOLS OFFERS A NONPUBLIC SPECIAL EDUCATION PROGRAM FOR CHILDREN AND ADOLESCENTS IN GRADES K-12, AGES 5-21, WHO NEED AN INTEGRATED EDUCATION PROGRAM TO MEET THEIR ACADEMIC AND SOCIAL-EMOTIONAL NEEDS. THE FOUNDATION SCHOOLS UTILIZES MULTIPLE EVIDENCE-BASED PROGRAMS THAT HELP STUDENTS MEET ACADEMIC RIGOR, ENHANCE SELF-ESTEEM, REGULATE EMOTIONS AND DEVELOP APPROPRIATE SOCIAL SKILLS WHILE ADDRESSING LARGER ISSUES SUCH AS DRUG ABUSE, COMMUNITY VIOLENCE, BULLYING, AND TRUANCY WHICH ADVERSELY AFFECT ITS STUDENTS.
THE FOUNDATION LEARNING CENTER: FOR THE AUTISM PROGRAM KNOWN AS THE FOUNDATION LEARNING CENTER, THE PROGRAM WAS OFFICIALLY APPROVED TO OPEN IN AUGUST 2019 IN A STATE-OF-THE-ART LOCATION IN LANDOVER, MARYLAND. THE FOUNDATION LEARNING CENTER IS A FULL-DAY TYPE 1 NONPUBLIC SPECIAL EDUCATIION PROGRAM SERVING STUDENTS WITH AUTISM SPECTRUM DISORDERS (ASD), IN GRADES K-8, AGES 5 TO 13. THE FOUNDATION LEARNING CENTER HAS BEEN CAREFULLY DESIGNED TO PROVIDE THE EDUCATIONAL, SOCIAL-EMOTIONAL, AND COMMUNICATION SUPPORTS NEEDED FOR CHILDREN WITH ASD AND OTHER DEVELOPMENTAL DISORDERS. THE FOUNDATION LEARNING CENTER OFFERS SPECIALIZED PROGRAMMING TO MEET THE UNIQUE NEEDS OF SSTUDENTS WITH ASD WHO DISPLAY A SPECTRUM OF DEVELOPMENT DELAYS, SOCIAL SKILLS IMPAIRMENT AND COMMUNICATION DEVELOPMENT NEEDS.
FOUNDATION LINKS: THROUGH HOME-BASED AND AFTER SCHOOL OUTREACH INTERVENTIONS, THE FOUNDATION LINKS PROGRAM CONNECTS STUDENTS AND THEIR FAMILIES TO QUALITY COMMUNITY-BASED RESOURCES. FOR THOSE WHO DO NOT HAVE THE MEANS TO SEEK PRIVATE THERAPEUTIC CARE, THE FOUNDATION LINKS PROGRAM INTRODUCES ACCESSIBLE RESOURCES INCLUDING CONSULTATION WITH THE FOUNDATION SCHOOLS' PSYCHIATRISTS. OTHER RESOURCES INCLUDE PROVIDING CRISIS INTERVENTION SERVICES SUCH AS FOOD AND CLOTHING, TRANSPORTATION AND IN-HOME THERAPEUTIC SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina James CEO & Secretary | Officer | 40 | $226,880 |
Amir Malek Director Of Finance | Officer | 40 | $154,506 |
Michelle Lieberman Director Of Human Resources | 40 | $144,810 | |
Yvette Colvin Director Of Operations | 40 | $133,017 | |
Kelli Kunert Director Of Comm. & Development | 40 | $129,342 | |
Tori Wilson Principal | 40 | $129,322 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Assoc Building Maintenance Company Housekeeping And Maintainenace Services | 6/29/22 | $290,101 |
Heavenly Edibles & Stuff Llc Student Food - Catering Vendor | 6/29/22 | $195,778 |
Rsi - Rehabilitation Services Inc Temporary Staffing Services | 6/29/22 | $196,726 |
Alignstaffing Temporary Staffing Services | 6/29/22 | $223,873 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $433,311 |
| All other contributions, gifts, grants, and similar amounts not included above | $347,843 |
| Noncash contributions included in lines 1a–1f | $61,921 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $781,154 |
| Total Program Service Revenue | $19,047,366 |
| Investment income | $92,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$95,077 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,826,112 |
| 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. | $463,847 |
| Compensation of current officers, directors, key employees. | $56,162 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,082,451 |
| Pension plan accruals and contributions | $594,689 |
| Other employee benefits | $1,422,010 |
| Payroll taxes | $935,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,943 |
| Fees for services: Accounting | $48,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,520 |
| Fees for services: Other | $698,630 |
| Advertising and promotion | $0 |
| Office expenses | $241,722 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,165,572 |
| Travel | $12,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,304 |
| Interest | $144,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $460,447 |
| Insurance | $107,036 |
| All other expenses | $50,163 |
| Total functional expenses | $18,959,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,403 |
| Savings and temporary cash investments | $3,209,395 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,307,931 |
| 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 | $363,103 |
| Net Land, buildings, and equipment | $4,926,578 |
| Investments—publicly traded securities | $4,398,273 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,675 |
| Total assets | $16,377,358 |
| Accounts payable and accrued expenses | $1,625,202 |
| Grants payable | $0 |
| Deferred revenue | $1,000 |
| Tax-exempt bond liabilities | $4,194,075 |
| 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 | $108,297 |
| Total liabilities | $5,928,574 |
| Net assets without donor restrictions | $10,416,245 |
| Net assets with donor restrictions | $32,539 |
| 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 | $16,377,358 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Foundation Schools has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Redskin Foundation Inc Bethesda, MD PURPOSE: TO SUPPORT YOUTH ACTIVITIES | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Washington International School Washington, DC | $132,347,025 | $55,642,872 |
American Embassy School Association Washington Dc, DC | $98,314,140 | $33,598,614 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Capital City Public Charter School Inc Washington, DC | $43,801,166 | $29,982,294 |
Two Rivers Public Charter School Inc Washington, DC | $70,128,237 | $23,149,054 |
Friends Select School Philadelphia, PA | $35,402,509 | $21,729,714 |
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |