Marshall School
- Assets
- $17.6m
- Revenue
- $9.9m
- Investments
- $30.8k
- Employees
- 152
- Location
- Duluth, MN
- Founding
- 11/1976
- Data as of
- 06/2022
- EIN
- 41-0765672
Organization Overview
Marshall School is located in Duluth, MN. The organization was established in 1976. 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, Marshall School employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall School 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, Marshall School generated $9.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $9.8m during the year ending 06/2022. While expenses have increased by 0.7% 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
THE MISSION OF MARSHALL SCHOOL IS TO EDUCATE STUDENTS TO BECOME GLOBAL CITIZENS WHO DEMONSTRATE STRONG ACADEMIC HABITS, RESPECT, COMPASSION, INTEGRITY, SELF-DISCIPLINE AND INTELLECTUAL CURIOSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN INDEPENDENT COLLEGE PREPARATORY MIDDLE SCHOOL AND HIGH SCHOOL IN DULUTH, MINNESOTA. ENROLLMENT DURING 2021/2022 SCHOOL YEAR WAS 373.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Steckart Head Of Scho | Officer | 40 | $102,550 |
Melissa Herold CFO | Officer | 40 | $83,974 |
Dave Gunnarson President | OfficerTrustee | 2 | $0 |
Nels Ojard Vice Preside | OfficerTrustee | 2 | $0 |
David Pollard Treasurer | OfficerTrustee | 2 | $0 |
Julie Pierce Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $329,099 |
| All other contributions, gifts, grants, and similar amounts not included above | $803,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,132,871 |
| Total Program Service Revenue | $8,229,336 |
| Investment income | $125,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,829 |
| Net Gain/Loss on Asset Sales | $331,404 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,866,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,284,134 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $370,661 |
| Compensation of current officers, directors, key employees. | $370,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,607,820 |
| Pension plan accruals and contributions | $145,700 |
| Other employee benefits | $658,135 |
| Payroll taxes | $296,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,756 |
| Fees for services: Accounting | $25,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,443 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $51,368 |
| Information technology | $142,493 |
| Royalties | $0 |
| Occupancy | $424,715 |
| Travel | $3,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,425 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $569,318 |
| Insurance | $0 |
| All other expenses | $98,078 |
| Total functional expenses | $9,773,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,561 |
| Savings and temporary cash investments | $1,849,441 |
| Pledges and grants receivable | $221,327 |
| Accounts receivable, net | $111,758 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $40,442 |
| Inventories for sale or use | $3,654 |
| Prepaid expenses and deferred charges | $85,712 |
| Net Land, buildings, and equipment | $5,615,443 |
| Investments—publicly traded securities | $6,700,532 |
| Investments—other securities | $30,829 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,783,280 |
| Total assets | $17,596,979 |
| Accounts payable and accrued expenses | $581,671 |
| Grants payable | $0 |
| Deferred revenue | $1,848,972 |
| Tax-exempt bond liabilities | $1,956,123 |
| 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 | $2,725,447 |
| Total liabilities | $7,112,213 |
| Net assets without donor restrictions | $4,830,678 |
| Net assets with donor restrictions | $5,654,088 |
| 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 | $17,596,979 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Marshall School has recieved totaling $30,724.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,500 |
For Inspiration And Recognition Of Science And Technology First Manchester, NH PURPOSE: Program Support | $7,000 |
James And Nancy Holmgren Foundation Jupiter, FL PURPOSE: GENERAL USE | $5,000 |
North Star Foundation Duluth, MN PURPOSE: GENERAL USE | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $224 |
Endowment Analysis
| Beg. Balance | $7,284,389 |
| Earnings | -$753,526 |
| Other Expense | -$302,956 |
| Ending Balance | $6,227,907 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Higher Ground Academy St Paul, MN | $14,123,889 | $16,161,479 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
Cotter Schools Winona, MN | $89,286,042 | $67,304,233 |
Marshall School Duluth, MN | $17,596,979 | $9,866,357 |
Spectrum High School Elk River, MN | $6,267,072 | $9,361,830 |
Minnesota State High School League Brooklyn Center, MN | $6,775,860 | $10,103,240 |
Southwest Christian High School Inc Chaska, MN | $31,591,589 | $9,167,996 |
Wayland Academy Beaver Dam, WI | $38,778,158 | $5,826,900 |
Math And Science Academy Woodbury, MN | $4,903,401 | $5,823,529 |
Transcenter For Youth Inc Milwaukee, WI | $3,574,936 | $5,873,696 |
Highland Community School Inc Milwaukee, WI | $5,222,011 | $5,260,055 |