Corporation Of St Timothys School
- Assets
- $46.3m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 108
- Location
- Stevenson, MD
- Founding
- 02/1937
- Data as of
- 06/2020
- 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 06/2021, Corporation Of St Timothys School employed 108 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 06/2020, Corporation Of St Timothys School generated $12.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $13.0m during the year ending 06/2020. 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
2020
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:
Part 3 - Line 4a
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 |
|---|---|---|---|
Randy Stevens Head Of School | Officer | 40 | $349,576 |
Anne Esposito Business Manager/cfo | Officer | 40 | $192,749 |
Jerry Freed Director Of Facilities | 40 | $125,757 | |
Roz Moore Director Of Development | 40 | $114,546 | |
Calvine Bowen Dunnan Secretary | OfficerTrustee | 2 | $0 |
Joan Ellis Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Whiting-turner Contracting Co Construction | 6/29/20 | $3,401,220 |
The North Charles Street Design Marketing/design | 6/29/20 | $143,390 |
Chimes Inc Food Service Labor | 6/29/20 | $100,497 |
Thos Moser Cabinet Makers Furniture Construction And Installments | 6/29/20 | $150,841 |
Bon Appe'tit Food Service | 6/29/20 | $604,758 |
The Whiting-turner Contracting Co Construction | 6/29/20 | $3,401,220 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,031,279 |
| Investment income | $673,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100,054 |
| Net Gain/Loss on Asset Sales | $141,320 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,202 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,305,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,747,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $596,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,561,338 |
| Pension plan accruals and contributions | $135,992 |
| Other employee benefits | $216,322 |
| Payroll taxes | $272,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,810 |
| Fees for services: Accounting | $45,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $281,937 |
| Office expenses | $136,271 |
| Information technology | $60,106 |
| Royalties | $0 |
| Occupancy | $886,438 |
| Travel | $134,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,244 |
| Interest | $30,977 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,540,019 |
| Insurance | $220,004 |
| All other expenses | $0 |
| Total functional expenses | $12,976,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,098 |
| Savings and temporary cash investments | $4,307,096 |
| Pledges and grants receivable | $877,790 |
| Accounts receivable, net | $314,837 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,294 |
| Prepaid expenses and deferred charges | $68,697 |
| Investments—publicly traded securities | $13,382,622 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $433,461 |
| Total assets | $46,264,557 |
| Accounts payable and accrued expenses | $142,336 |
| Grants payable | $0 |
| Deferred revenue | $2,722,293 |
| 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 | $1,176,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $433,461 |
| Total liabilities | $4,474,190 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $41,790,367 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Corporation Of St Timothys School has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Frank D Brown Jr Charitable Tr I Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $13,494,315 |
| Earnings | $3,394,912 |
| Ending Balance | $16,889,227 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Shady Side Academy Pittsburgh, PA | $133,159,735 | $43,966,956 |
Shipley School Bryn Mawr, PA | $112,919,649 | $39,287,186 |
Charles E Smith Jewish Day School Of Greater Washington Inc Rockville, MD | $72,940,113 | $37,835,110 |
Landon School Corporation Bethesda, MD | $80,382,622 | $54,334,304 |
Cora Services Inc Philadelphia, PA | $13,503,974 | $35,759,289 |
Friends School Of Baltimore Inc Baltimore, MD | $92,747,497 | $38,147,236 |