Severn School Inc is located in Severna Park, MD. The organization was established in 1973. 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, Severn School Inc employed 284 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Severn 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, Severn School Inc generated $28.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $25.7m during the year ending 06/2022. While expenses have increased by 2.3% 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
TO PROVIDE EDUCATION TO STUDENTS YEARS PRE-K THROUGH TWELVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL - PROVIDE EDUCATION FOR STUDENTS YEARS PRE-K THROUGH TWELVE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mr Douglas Lagarde Head Of School | Officer | 40 | $444,255 |
Mr Terry Del Prete Dir. Of Business & Finance | Officer | 40 | $214,623 |
Mr Shannon Howell Director Of Development | 40 | $154,711 | |
Mr Stephen Soden Head, Upper School | 40 | $126,012 | |
Ms Cathy North Head, Lower School | 40 | $124,240 | |
Mr Julian Domenech Athletic Director | 40 | $118,360 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Mission Minded Inc Nonprofit Branding Consultants | 6/29/22 | $189,937 |
Baltimore Sun Advertising | 6/29/22 | $154,936 |
Brock And Company Inc Dining Services | 6/29/22 | $311,616 |
Amp Systems Llc It Maintenance | 6/29/22 | $126,560 |
Cp Cleaning Service Inc Cleaning Services | 6/29/22 | $246,228 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,668,625 |
All other contributions, gifts, grants, and similar amounts not included above | $829,251 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,497,876 |
Total Program Service Revenue | $24,379,172 |
Investment income | $504,159 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $146,960 |
Net Gain/Loss on Asset Sales | -$8,625 |
Net Income from Fundraising Events | $158,562 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $28,689,233 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $3,080,698 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $748,260 |
Compensation of current officers, directors, key employees. | $748,260 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $11,691,863 |
Pension plan accruals and contributions | $873,828 |
Other employee benefits | $1,819,768 |
Payroll taxes | $862,305 |
Fees for services: Management | $0 |
Fees for services: Legal | $38,088 |
Fees for services: Accounting | $61,695 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $226,495 |
Advertising and promotion | $305,211 |
Office expenses | $1,388,736 |
Information technology | $126,561 |
Royalties | $0 |
Occupancy | $812,173 |
Travel | $158,283 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $574,788 |
Interest | $256,398 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,748,954 |
Insurance | $109,629 |
All other expenses | $0 |
Total functional expenses | $25,680,329 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,593,747 |
Savings and temporary cash investments | $6,811,414 |
Pledges and grants receivable | $246,875 |
Accounts receivable, net | $161,718 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $6,803 |
Prepaid expenses and deferred charges | $325,059 |
Net Land, buildings, and equipment | $41,402,032 |
Investments—publicly traded securities | $17,637,234 |
Investments—other securities | $800,289 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $15,398 |
Total assets | $70,000,569 |
Accounts payable and accrued expenses | $1,401,094 |
Grants payable | $0 |
Deferred revenue | $2,891,684 |
Tax-exempt bond liabilities | $9,351,543 |
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 | $37,615 |
Total liabilities | $13,681,936 |
Net assets without donor restrictions | $42,758,655 |
Net assets with donor restrictions | $13,559,978 |
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 | $70,000,569 |
Over the last fiscal year, we have identified 1 grants that Severn School Inc has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Rogers Wilbur Foundation Inc Crownsville, MD PURPOSE: UNRESTRICTED | $10,000 |
Beg. Balance | $19,155,890 |
Earnings | -$2,305,931 |
Net Contributions | $50,981 |
Other Expense | $620,665 |
Ending Balance | $16,280,275 |
Organization Name | Assets | Revenue |
---|---|---|
Protestant Episcopal High School In Virginia Alexandria, VA | $560,084,637 | $67,951,795 |
The Hill School Pottstown, PA | $339,549,890 | $89,638,080 |
Regents Of The Mercersburg College Mercersburg, PA | $535,140,744 | $49,172,082 |
Gilman School Inc Baltimore, MD | $238,892,271 | $38,036,593 |
Woodberry Forest School Woodberry Forest, VA | $643,383,708 | $54,060,513 |
Holton-Arms School Inc Bethesda, MD | $133,918,121 | $38,119,997 |
St Andrews Episcopal School Inc Potomac, MD | $83,174,031 | $30,817,454 |
St Andrews School Of Delaware Inc Middletown, DE | $398,873,444 | $32,788,416 |
Malvern Preparatory School Malvern, PA | $76,971,760 | $36,046,304 |
Severn School Inc Severna Park, MD | $70,000,569 | $28,689,233 |
21st Century Cyber Charter School West Chester, PA | $42,600,686 | $36,468,461 |
National Association Of Secondary -School Principals Reston, VA | $56,104,392 | $28,736,000 |