Avalon School Inc
- Assets
- $986.5k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 31
- Location
- Silver Spring, MD
- Founding
- 06/2013
- Data as of
- 06/2022
- EIN
- 27-2820634
Organization Overview
Avalon School Inc is located in Silver Spring, MD. The organization was established in 2013. 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, Avalon School Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avalon 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, Avalon School Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. 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
TO CULTIVATE INTELLECTUAL FREEDOM, PERSONAL RESPONSIBILITY AND A SPIRIT OF ADVENTURE THROUGH EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A PRIMARY AND SECONDARY CATHOLIC BOY'S SCHOOL LOCATED IN GAITHERSBURG, MD. EDUCATING UP TO 165 STUDENTS GRADES 2 THROUGH 12.
OPERATE A BOYS ATHLETIC PROGRAM FOR BOTH MIDDLE SCHOOL AND HIGH SCHOOL. SPORTS OFFERED FOR THE BOYS INCLUDE FOOTBALL, BASKETBALL, BASEBALL, CROSS COUNTRY AND SOCCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Stohlman Business Manager | OfficerTrustee | 1 | $45,326 |
Kevin Davern Headmaster | Trustee | 39 | $126,848 |
Jackie Aldrette Secretary | OfficerTrustee | 1 | $0 |
Richard Mcpherson President | OfficerTrustee | 1 | $0 |
Kevin Muha Treasurer | OfficerTrustee | 1 | $0 |
Lorenzo Demarchi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $97,595 |
| Related organizations | $0 |
| Government grants | $7,705 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,901 |
| Total Program Service Revenue | $1,740,969 |
| Investment income | $2,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$50,713 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,909,376 |
| 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. | $223,192 |
| Compensation of current officers, directors, key employees. | $187,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,279,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,802 |
| Payroll taxes | $126,081 |
| Fees for services: Management | $40,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,239 |
| Office expenses | $25,161 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $192,134 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,382 |
| Insurance | $31,510 |
| All other expenses | $51,001 |
| Total functional expenses | $2,240,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,593 |
| Savings and temporary cash investments | $116,118 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,801 |
| 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 | $0 |
| Net Land, buildings, and equipment | $145,663 |
| Investments—publicly traded securities | $123,287 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $986,462 |
| Accounts payable and accrued expenses | $171,638 |
| Grants payable | $0 |
| Deferred revenue | $563,530 |
| 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 | $731,071 |
| Total liabilities | $1,466,239 |
| Net assets without donor restrictions | -$479,777 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $986,462 |