Gilman School Inc
- Assets
- $238.9m
- Revenue
- $38.0m
- Investments
- $69.2m
- Employees
- 359
- Location
- Baltimore, MD
- Founding
- 12/1972
- Data as of
- 06/2020
- EIN
- 52-0591604
Organization Overview
Gilman School Inc, operating under the name Gilman School, is located in Baltimore, MD. The organization was established in 1972. 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 06/2021, Gilman School employed 359 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gilman 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, Gilman School generated $38.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $45.4m 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
GILMAN SCHOOL IS A DIVERSE COMMUNITY DEDICATED TO EDUCATING BOYS IN MIND, BODY AND SPIRIT THROUGH PARTICULAR EMPHASIS UPON ACADEMIC EXCELLENCE, ATHLETIC PARTICIPATION AND AESTHETIC APPRECIATION. GILMAN SEEKS TO PRODUCE MEN OF CHARACTER AND INTEGRITY WHO HAVE THE SKILLS AND ABILITY TO MAKE A POSITIVE CONTRIBUTION TO THE COMMUNITIES IN WHICH THEY LIVE AND WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATION FOR APPROXIMATELY 1,000 STUDENTS OF THE LOWER, MIDDLE AND UPPER GRADES (K THROUGH 12).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry P A Smyth Headmaster | Officer | 40 | $426,281 |
Sean Furlong Director Of Finance | Officer | 40 | $236,255 |
Heather Warnack Director Of Development | Officer | 40 | $176,930 |
Amy H Furlong Director Of Enrollment | Officer | 40 | $170,602 |
Peter Kwiterovich Asst Head Of School | Officer | 40 | $161,240 |
Timothy Holley Dir Of External Relations | 40 | $149,277 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Riparius Construction Inc Construction | 6/29/21 | $903,821 |
Compass Group Usa Dining Services | 6/29/21 | $857,030 |
Power & Combustion Inc Boilers & Cooling Tower Replacement/rep | 6/29/21 | $351,725 |
Comprehensive Buildings Service Inc Cleaning | 6/29/21 | $318,066 |
Venable Llp Legal Services | 6/29/21 | $238,047 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,502,566 |
| Investment income | -$24,524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $136,037 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,036,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,033,974 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,593,489 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,751,199 |
| Pension plan accruals and contributions | $1,362,297 |
| Other employee benefits | $3,407,341 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $426,689 |
| Fees for services: Accounting | $37,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $603,783 |
| Advertising and promotion | $171,659 |
| Office expenses | $145,232 |
| Information technology | $554,580 |
| Royalties | $0 |
| Occupancy | $1,894,240 |
| Travel | $88,495 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,211,113 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,107,276 |
| Insurance | $270,224 |
| All other expenses | $0 |
| Total functional expenses | $45,351,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,107,634 |
| Savings and temporary cash investments | $1,110,000 |
| Pledges and grants receivable | $3,347,238 |
| Accounts receivable, net | $566,674 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,235 |
| Inventories for sale or use | $201,486 |
| Prepaid expenses and deferred charges | $653,495 |
| Investments—publicly traded securities | $96,856,461 |
| Investments—other securities | $69,175,137 |
| Investments—program-related | $618,821 |
| Intangible assets | $0 |
| Other assets | $1,743,459 |
| Total assets | $238,892,271 |
| Accounts payable and accrued expenses | $2,737,392 |
| Grants payable | $0 |
| Deferred revenue | $3,902,657 |
| Tax-exempt bond liabilities | $35,260,409 |
| 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 | $4,188,615 |
| Other liabilities | $6,727,861 |
| Total liabilities | $52,816,934 |
| 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 | $186,075,337 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gilman School Inc has recieved totaling $53,000.
| Awarding Organization | Amount |
|---|---|
Ensign C Markland Kelly Jr Memorial Foundation Inc Baltimore, MD PURPOSE: EDUCATIONAL | $50,000 |
Foundation For The Promotion Of Individual Opportunity Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
Endowment Analysis
| Beg. Balance | $135,971,634 |
| Earnings | $48,410,022 |
| Net Contributions | $1,895,043 |
| Other Expense | $6,142,537 |
| Ending Balance | $180,134,162 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Protestant Episcopal High School In Virginia Alexandria, VA | $560,084,637 | $67,951,795 |
The Hill School Pottstown, PA | $339,549,890 | $89,638,080 |
Regents Of The Mercersburg College Mercersburg, PA | $535,140,744 | $49,172,082 |
Gilman School Inc Baltimore, MD | $238,892,271 | $38,036,593 |
Woodberry Forest School Woodberry Forest, VA | $643,383,708 | $54,060,513 |
Holton-Arms School Inc Bethesda, MD | $133,918,121 | $38,119,997 |
St Andrews Episcopal School Inc Potomac, MD | $83,174,031 | $30,817,454 |
St Andrews School Of Delaware Inc Middletown, DE | $398,873,444 | $32,788,416 |
Malvern Preparatory School Malvern, PA | $76,971,760 | $36,046,304 |
Severn School Inc Severna Park, MD | $70,000,569 | $28,689,233 |
21st Century Cyber Charter School West Chester, PA | $42,600,686 | $36,468,461 |
National Association Of Secondary -School Principals Reston, VA | $56,104,392 | $28,736,000 |