Gerstell Academy Inc
- Assets
- $26.7m
- Revenue
- $11.0m
- Investments
- $17.7m
- Employees
- 123
- Location
- Cockeysville, MD
- Founding
- 11/2000
- Data as of
- 06/2022
- EIN
- 31-1620693
Organization Overview
Gerstell Academy Inc is located in Cockeysville, MD. The organization was established in 2000. 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, Gerstell Academy Inc employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gerstell Academy 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, Gerstell Academy Inc generated $11.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $9.0m during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GERSTELL ACADEMY IS A DIVERSE EDUCATIONAL COMMUNITY DEDICATED TO PROVIDING A NURTURING AND MENTORING ENVIRONMENT WHERE EACH STUDENT'S POTENTIAL TO BECOME A LEADER, TO LEARN, TO GROW MORALLY, TO BE PHYSICALLY FIT, AND TO COMPETE IS MAXIMIZED.
Describe the Organization's Program Activity:
ALL EXPENSES INCURRED ARE IN THE FURTHERANCE OF THE SCHOOL'S EXEMPT PURPOSE OF PROVIDING PRE KINDERGARDEN THROUGH GRADE 12 EDUCATION
GERSTELL-FALCON SPORTS CAMP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Frederick G Smith Chairman | Trustee | 20 | $0 |
Dr Venice Paterakis Secretary | Trustee | 0 | $0 |
William Paterakis Treasurer | Trustee | 0 | $0 |
Robert E Smith Trustee | Trustee | 0 | $0 |
Karen Philippou Trustee | Trustee | 0 | $0 |
Dr Suchi Krishnaswamy Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,178 |
| Related organizations | $1,200,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $419,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,735,433 |
| Total Program Service Revenue | $6,640,386 |
| Investment income | $1,510,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,963 |
| Net Income from Fundraising Events | $22,783 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,943 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,016,422 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,440,820 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $235,648 |
| Payroll taxes | $414,441 |
| Fees for services: Management | $11,685 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $101,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,631 |
| Advertising and promotion | $61,069 |
| Office expenses | $221,813 |
| Information technology | $45,160 |
| Royalties | $0 |
| Occupancy | $1,465,234 |
| Travel | $84,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,501 |
| Interest | $9,669 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,544 |
| Insurance | $116,726 |
| All other expenses | $30,427 |
| Total functional expenses | $8,963,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,785 |
| Savings and temporary cash investments | $649,133 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,594,785 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $309,022 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $278,051 |
| Investments—publicly traded securities | $2,800,085 |
| Investments—other securities | $17,709,515 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135,893 |
| Total assets | $26,664,269 |
| Accounts payable and accrued expenses | $208,006 |
| Grants payable | $0 |
| Deferred revenue | $5,282,986 |
| 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 | $1,575,984 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,261 |
| Total liabilities | $7,107,237 |
| Net assets without donor restrictions | $19,116,593 |
| Net assets with donor restrictions | $440,439 |
| 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 | $26,664,269 |