Country School Inc
- Assets
- $24.1m
- Revenue
- $7.0m
- Investments
- $1.7m
- Employees
- 79
- Location
- Easton, MD
- Founding
- 07/1940
- Data as of
- 06/2023
- EIN
- 52-0591569
Organization Overview
Country School Inc is located in Easton, MD. The organization was established in 1940. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Country School Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country 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, Country School Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $7.6m during the year ending 06/2023. While expenses have increased by 4.4% 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
OPERATION OF PRIVATE CO-EDUCATIONAL SCHOOL WITH GRADES K, APPROXIMATELY 300STUDENTS BENEFITED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PRIVATE CO-EDUCATIONAL SCHOOL WITH GRADES K THROUGH 8., APPROXIMATELY 300 STUDENTS BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lakshmi Vaidyanathan President | OfficerTrustee | 1 | $0 |
Jason Brown Vice President | OfficerTrustee | 1 | $0 |
Blenda Armistead Trustee | Trustee | 1 | $0 |
Talli Oxnam Treasurer | OfficerTrustee | 1 | $0 |
John Hockmeyer Trustee | Trustee | 1 | $0 |
Sidney Trond Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $53,179 |
| Related organizations | $0 |
| Government grants | $24,442 |
| All other contributions, gifts, grants, and similar amounts not included above | $665,276 |
| Noncash contributions included in lines 1a–1f | $90,251 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $742,897 |
| Total Program Service Revenue | $5,656,725 |
| Investment income | $209,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,479 |
| Net Gain/Loss on Asset Sales | $104,606 |
| Net Income from Fundraising Events | $187,279 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,648 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,982,818 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,237,899 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,646,877 |
| Pension plan accruals and contributions | $179,051 |
| Other employee benefits | $250,876 |
| Payroll taxes | $257,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,701 |
| Fees for services: Accounting | $129,166 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,126 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,614 |
| Office expenses | $64,636 |
| Information technology | $76,727 |
| Royalties | $0 |
| Occupancy | $464,212 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $100,788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $557,821 |
| Insurance | $36,611 |
| All other expenses | $142,255 |
| Total functional expenses | $7,589,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $764,410 |
| Pledges and grants receivable | $923,016 |
| Accounts receivable, net | $23,288 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,145 |
| Prepaid expenses and deferred charges | $147,064 |
| Net Land, buildings, and equipment | $13,800,594 |
| Investments—publicly traded securities | $5,767,767 |
| Investments—other securities | $1,722,916 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $986,060 |
| Total assets | $24,143,260 |
| Accounts payable and accrued expenses | $571,504 |
| Grants payable | $0 |
| Deferred revenue | $595,922 |
| 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 | $1,862,143 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,381 |
| Total liabilities | $3,040,950 |
| Net assets without donor restrictions | $13,921,875 |
| Net assets with donor restrictions | $7,180,435 |
| 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 | $24,143,260 |