Calvert School Inc
- Assets
- $129.3m
- Revenue
- $23.3m
- Investments
- $17.8m
- Employees
- 240
- Location
- Baltimore, MD
- Founding
- 08/1935
- Data as of
- 06/2021
- EIN
- 52-0591510
Organization Overview
Calvert School Inc, operating under the name Calvert School, is located in Baltimore, MD. The organization was established in 1935. 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, Calvert School employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvert 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 06/2021, Calvert School generated $23.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $21.4m during the year ending 06/2021. While expenses have increased by 3.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CALVERT SCHOOL IS DEDICATED TO EDUCATING BOYS AND GIRLS THROUGH ITS TIME-TESTED METHOD OF TEACHING AND ITS RIGOROUS CURRICULUM. PARTICULAR EMPHASIS IS GIVEN TO MASTERING ESSENTIAL SKILLS, INSPIRING A LIFELONG LOVE OF LEARNING, AND INSTILLING ENTHUSIASM, RESPONSIBILITY, AND SELF-DISCIPLINE. CALVERT SEEKS TO DEVELOP STUDENTS OF HIGH ACADEMIC ACHIEVEMENT, INTELLECTUAL CURIOSITY, AND STRONG MORAL CHARACTER WITHIN A SUPPORTIVE AND DIVERSE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CALVERT SCHOOL IS A COEDUCATIONAL INSTITUTION PROVIDING INSTRUCTION TO STUDENTS BEGINNING WITH EARLY CHILDHOOD AND CONTINUING ON THROUGH ELEMENTARY AND MIDDLE SCHOOL GRADES.
AFTER SCHOOL CARE, SUMMER CAMPS AND SCHOOL CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Ward Classen Chairman | OfficerTrustee | 5 | $0 |
Edwin J Insley Treasurer | OfficerTrustee | 5 | $0 |
Patrick Cameron Secretary | OfficerTrustee | 5 | $0 |
Wendy Bond Trustee | Trustee | 2 | $0 |
Dave Bramble Trustee | Trustee | 2 | $0 |
Jon K Carnell Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mullan Contracting Company Construction Services | 6/29/22 | $2,369,163 |
Cvp Cross Keys Holdings Llc Real Estate/ Property Management | 6/29/22 | $505,109 |
Chartwells Food Services | 6/29/22 | $850,744 |
Rcm&d Inc Insurance Advisory Services | 6/29/22 | $434,507 |
Hord Coplan Macht Inc Architectural Design | 6/29/22 | $276,739 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,471,745 |
| Investment income | $3,915,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100 |
| Net Gain/Loss on Asset Sales | -$2,131,644 |
| Net Income from Fundraising Events | $510 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$250 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,260,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,596,396 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $704,216 |
| Compensation to disqualified persons | $72,946 |
| Other salaries and wages | $8,362,751 |
| Pension plan accruals and contributions | $426,682 |
| Other employee benefits | $2,654,367 |
| Payroll taxes | $609,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $93,532 |
| Fees for services: Accounting | $68,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,500 |
| Fees for services: Other | $152,689 |
| Advertising and promotion | $82,138 |
| Office expenses | $755,521 |
| Information technology | $439,735 |
| Royalties | $0 |
| Occupancy | $964,659 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,759 |
| Interest | $121,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,633,978 |
| Insurance | $230,912 |
| All other expenses | $0 |
| Total functional expenses | $21,417,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,881 |
| Savings and temporary cash investments | $6,541,281 |
| Pledges and grants receivable | $3,498,562 |
| Accounts receivable, net | $162,430 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,156 |
| Prepaid expenses and deferred charges | $351,015 |
| Investments—publicly traded securities | $58,919,878 |
| Investments—other securities | $17,791,138 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,283,521 |
| Total assets | $129,330,739 |
| Accounts payable and accrued expenses | $1,238,225 |
| Grants payable | $0 |
| Deferred revenue | $3,839,176 |
| Tax-exempt bond liabilities | $6,943,333 |
| 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 | $1,414,333 |
| Total liabilities | $13,435,067 |
| 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 | $115,895,672 |