Severn School Inc
- Assets
- $74.8m
- Revenue
- $30.4m
- Investments
- $591.5k
- Employees
- 322
- Location
- Severna Park, MD
- Founding
- 02/1973
- Data as of
- 06/2023
- EIN
- 52-0591466
Organization Overview
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 06/2023, Severn School Inc employed 322 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 06/2023, Severn School Inc generated $30.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $27.2m during the year ending 06/2023. While expenses have increased by 2.8% per year over the past 8 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
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon M Mahan Chair | OfficerTrustee | 3 | $0 |
John C Stamato Vice Chair | OfficerTrustee | 3 | $0 |
Jonathan P Kagan Secretary | OfficerTrustee | 3 | $0 |
Vishva Gheewala Treasurer | OfficerTrustee | 3 | $0 |
Scott T Bass Trustee | Trustee | 3 | $0 |
Andrew Bauer Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brock And Company Inc Dining Services | 6/29/23 | $446,845 |
Cp Cleaning Service Inc Cleaning Services | 6/29/23 | $336,937 |
Green Contracting Green Contracting | 6/29/23 | $312,556 |
Baltimore Sun Advertising | 6/29/23 | $163,536 |
Brightview Landscapes Landscaping | 6/29/23 | $160,698 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,815,601 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,426,894 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,242,495 |
| Total Program Service Revenue | $25,332,957 |
| Investment income | $526,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $171,826 |
| Net Gain/Loss on Asset Sales | -$104,968 |
| Net Income from Fundraising Events | $190,293 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,368,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,103,914 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $706,676 |
| Compensation of current officers, directors, key employees. | $706,676 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,237,477 |
| Pension plan accruals and contributions | $912,824 |
| Other employee benefits | $2,044,268 |
| Payroll taxes | $900,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,269 |
| Fees for services: Accounting | $57,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $281,410 |
| Advertising and promotion | $387,404 |
| Office expenses | $1,213,305 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $241,587 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $674,706 |
| Interest | $244,019 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,789,773 |
| Insurance | $127,317 |
| All other expenses | $0 |
| Total functional expenses | $27,209,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,399,010 |
| Savings and temporary cash investments | $11,680,920 |
| Pledges and grants receivable | $617,443 |
| Accounts receivable, net | $305,938 |
| 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 | $162,213 |
| Net Land, buildings, and equipment | $40,173,689 |
| Investments—publicly traded securities | $19,769,578 |
| Investments—other securities | $591,454 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,566 |
| Total assets | $74,760,614 |
| Accounts payable and accrued expenses | $1,577,129 |
| Grants payable | $0 |
| Deferred revenue | $3,056,268 |
| Tax-exempt bond liabilities | $8,798,022 |
| 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 | $119,564 |
| Total liabilities | $13,550,983 |
| Net assets without donor restrictions | $45,417,850 |
| Net assets with donor restrictions | $15,791,781 |
| 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 | $74,760,614 |