Baltimore Lab School Inc
- Assets
- $7.9m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 105
- Location
- Baltimore, MD
- Founding
- 10/2012
- Data as of
- 06/2022
- EIN
- 45-2984607
Organization Overview
Baltimore Lab School Inc is located in Baltimore, MD. The organization was established in 2012. 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, Baltimore Lab School Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore Lab 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, Baltimore Lab School Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $6.7m during the year ending 06/2022. While expenses have increased by 2.6% 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 AN EXCEPTIONAL, COLLEGE-PREPARATORY EDUCATION FOR BRIGHT STUDENTS IN GRADES 1-12 WITH LEARNING DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALTIMORE LAB SCHOOL'S PRIMARY PROGRAM IS A SPECIALIZED EDUCATION INTENDED FOR STUDENTS WITH DIFFERENT LEARNING NEEDS. THE SCHOOL IS EQUIPPED WITH A HIGHLY TRAINED STAFF TO FACILITATE AN EDUCATION TO STUDENTS WITH VARIOUS LEARNING DISABILITIES AND ATTENTION DEFICITS. THE SCHOOL FOSTERS AN ART-BASED, HANDS-ON, METHODOLOGY TO HELP STUDENTS SUCCEED IN THEIR EDUCATION AND EVERYDAY LIFE. CLASSES ARE ALSO INDIVIDUALIZED TO MEET EACH STUDENT'S LEARNING NEEDS WHILE ADHERING TO THE STANDARDS GIVEN BY THE STATE.
BALTIMORE LAB SCHOOL HAS RELATED SERVICE DEPARTMENTS DEDICATED TO HELPING STUDENTS WITH SPECIFIC NEED AREAS SUCH AS SPEECH, COGNITION, AND MOBILITY. THE THREE RELATED SERVICE DEPARTMENTS INCLUDE SPEECH AND LANGUAGE, PSYCHOLOGY/COUNSELING, AND OCCUPATIONAL THERAPY. EACH DEPARTMENT ALLOWS STUDENTS TO BENEFIT FROM ONE-ON-ONE AND SMALL GROUP THERAPY TO HELP THEM WITH THEIR PARTICULAR NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Buettner Principal | Officer | 40 | $186,705 |
Craig Hoffman Finance Director | 40 | $133,458 | |
Maurice R Wyatt Jr President | OfficerTrustee | 0.5 | $0 |
Greg Stewart Vice President | OfficerTrustee | 0.5 | $0 |
John Magladery Vice President | OfficerTrustee | 0.5 | $0 |
Kent Croft Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $134,085 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,127 |
| Noncash contributions included in lines 1a–1f | $45 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,212 |
| Total Program Service Revenue | $6,151,169 |
| Investment income | $51,930 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,492,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $143,779 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $194,740 |
| Compensation of current officers, directors, key employees. | $1,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,462,947 |
| Pension plan accruals and contributions | $149,134 |
| Other employee benefits | $428,059 |
| Payroll taxes | $364,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,179 |
| Fees for services: Accounting | $23,482 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,948 |
| Advertising and promotion | $10,426 |
| Office expenses | $507 |
| Information technology | $200,610 |
| Royalties | $0 |
| Occupancy | $236,899 |
| Travel | $664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,058 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,043 |
| Insurance | $99,908 |
| All other expenses | $81,514 |
| Total functional expenses | $6,706,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,157,318 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $21,688 |
| Accounts receivable, net | $544,767 |
| 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 | $77,011 |
| Net Land, buildings, and equipment | $2,484,922 |
| Investments—publicly traded securities | $1,571,129 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,856,835 |
| Accounts payable and accrued expenses | $647,867 |
| Grants payable | $0 |
| Deferred revenue | $487,630 |
| 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 | $1,115,546 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,251,043 |
| Net assets without donor restrictions | $5,181,073 |
| Net assets with donor restrictions | $424,719 |
| 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 | $7,856,835 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Baltimore Lab School Inc has recieved totaling $63,272.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $35,884 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $14,500 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $12,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $388 |
Endowment Analysis
| Beg. Balance | $547,525 |
| Earnings | -$38,108 |
| Grants | $87,354 |
| Ending Balance | $422,063 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Milton Gottesman Jewish Day School Of The Nations Capital Washington, DC | $47,850,998 | $22,230,618 |
Mastery Charter School-Pickett Campus Philadelphia, PA | $12,425,498 | $19,474,866 |
Philadelphia Academy Charter School Philadelphia, PA | $22,346,982 | $21,291,315 |
Imagine Schools Inc Vienna, VA | $112,554,052 | $31,881,932 |
Meridian Public Charter School Washington, DC | $25,835,715 | $17,496,957 |
St Paul's School For Girls Inc Brooklandville, MD | $0 | $15,914,099 |
Propel Charter School - Montour Pittsburgh, PA | $8,477,857 | $16,070,119 |
St Johns Community Services - District Of Columbia Washington, DC | $113,804 | $20,352,755 |
Philadelphia Charter School For Arts And Sciences At Hr Edmunds Philadelphia, PA | $13,352,194 | $18,760,552 |