Corporation Of St Timothys School
- Assets
- $44.0m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 93
- Location
- Stevenson, MD
- Founding
- 02/1937
- Data as of
- 06/2022
- EIN
- 52-0591488
Organization Overview
Corporation Of St Timothys School is located in Stevenson, MD. The organization was established in 1937. 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, Corporation Of St Timothys School employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporation Of St Timothys 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, Corporation Of St Timothys School generated $12.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $12.8m during the year ending 06/2022. 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
ST. TIMOTHY'S SCHOOL IS A COLLEGE PREPARATORY BOARDING AND DAY SCHOOL FOR GIRLS GRADES 9-12.
Describe the Organization's Program Activity:
PROVIDING BOARDING AND DAY STUDENTS GRADE 9-12 WITH AN UNPARALLELED SETTING, STRONG COMMUNITY, COMPREHENSIVE RESOURCES, AND PREMIER EDUCATION BASED ON THE INTERNATIONAL BACCALAUREATE DIPLOMA PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eleanor Wright Lindemann Chair | OfficerTrustee | 2 | $0 |
Elizabeth Valk Long Vice Chair | OfficerTrustee | 2 | $0 |
Joan Ellis Treasurer | OfficerTrustee | 2 | $0 |
Calvine Bowen Dunnan Secretary | OfficerTrustee | 2 | $0 |
Serena Koven Arnett Trustee | Trustee | 1 | $0 |
Susan Handy Dupont Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thos Moser Cabinet Makers Furniture Construction And Installments | 6/29/20 | $150,841 |
Chimes Inc Food Service Labor | 6/29/20 | $100,497 |
The North Charles Street Design Marketing/design | 6/29/20 | $143,390 |
The Whiting-turner Contracting Co Construction | 6/29/20 | $3,401,220 |
Bon Appe'tit Food Service | 6/29/20 | $604,758 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,992,369 |
| Noncash contributions included in lines 1a–1f | $91,659 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,992,369 |
| Total Program Service Revenue | $9,282,887 |
| Investment income | -$36,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $102,400 |
| Net Gain/Loss on Asset Sales | $866,541 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,989 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,214,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,658,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $461,322 |
| Compensation of current officers, directors, key employees. | $159,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,444,707 |
| Pension plan accruals and contributions | $139,763 |
| Other employee benefits | $238,358 |
| Payroll taxes | $260,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,712 |
| Fees for services: Accounting | $46,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $214,386 |
| Office expenses | $135,445 |
| Information technology | $61,608 |
| Royalties | $0 |
| Occupancy | $1,040,115 |
| Travel | $51,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,858 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,378,713 |
| Insurance | $254,961 |
| All other expenses | $202,933 |
| Total functional expenses | $12,830,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347 |
| Savings and temporary cash investments | $4,444,895 |
| Pledges and grants receivable | $4,614 |
| Accounts receivable, net | $125,201 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,599 |
| Prepaid expenses and deferred charges | $92,334 |
| Net Land, buildings, and equipment | $24,125,300 |
| Investments—publicly traded securities | $14,644,656 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $560,321 |
| Total assets | $44,018,267 |
| Accounts payable and accrued expenses | $219,918 |
| Grants payable | $0 |
| Deferred revenue | $1,849,157 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $560,321 |
| Total liabilities | $2,629,396 |
| Net assets without donor restrictions | $30,692,193 |
| Net assets with donor restrictions | $10,696,678 |
| 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 | $44,018,267 |