Jacob Tome Institute
- Assets
- $21.3m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 62
- Location
- North East, MD
- Founding
- 03/1935
- Data as of
- 07/2022
- EIN
- 52-0593934
Organization Overview
Jacob Tome Institute is located in North East, 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 07/2022, Jacob Tome Institute employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jacob Tome Institute 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 07/2022, Jacob Tome Institute generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $4.1m during the year ending 07/2022. While expenses have increased by 1.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
KINDERGARTEN THRU 12TH GRADE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOME HAS APPROXIMATELY 433 STUDENTS. TUITION IS 9,100, ALTHOUGH TUITION FOR NEEDY FAMILIES IS BASED ON A PERCENTAGE OF INCOME OF THE STUDENT'S FAMILY AND REDUCES ACCORDINGLY.
TOME HAS APPROXIMATELY 433 STUDENTS. TUITION IS 9,100, ALTHOUGH TUITION FOR NEEDY FAMILIES IS BASED ON A PERCENTAGE OF INCOME OF THE STUDENT'S FAMILY AND REDUCES ACCORDINGLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Szymanski Headmaster | Officer | 40 | $109,963 |
Rich Rand Business Man | Officer | 40 | $86,810 |
R Benjamin Gregg Treasurer | OfficerTrustee | 3 | $0 |
Edward R Hostetter Vice Preside | OfficerTrustee | 3 | $0 |
Thomas L Kemp President | OfficerTrustee | 5 | $0 |
B David Kirkley Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,036 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,588 |
| Total Program Service Revenue | $3,266,433 |
| Investment income | $375,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $390,718 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,471 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,220,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $2,406,797 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,643 |
| Payroll taxes | $182,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $91,688 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,675 |
| Office expenses | $30,105 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $481,607 |
| Insurance | $47,826 |
| All other expenses | $86,491 |
| Total functional expenses | $4,055,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,530 |
| Savings and temporary cash investments | $1,478,960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,032 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,020 |
| Prepaid expenses and deferred charges | $64,559 |
| Net Land, buildings, and equipment | $9,353,708 |
| Investments—publicly traded securities | $9,948,681 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,800 |
| Total assets | $21,348,290 |
| Accounts payable and accrued expenses | $590 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,561,713 |
| Total liabilities | $1,562,303 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $19,785,987 |
| Total liabilities and net assets/fund balances | $21,348,290 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Jacob Tome Institute has recieved totaling $725.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $575 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Milton Gottesman Jewish Day School Of The Nations Capital Washington, DC | $47,850,998 | $22,230,618 |
Mastery Charter School-Pickett Campus Philadelphia, PA | $12,425,498 | $19,474,866 |
Philadelphia Academy Charter School Philadelphia, PA | $22,346,982 | $21,291,315 |
Imagine Schools Inc Vienna, VA | $112,554,052 | $31,881,932 |
Meridian Public Charter School Washington, DC | $25,835,715 | $17,496,957 |
St Paul's School For Girls Inc Brooklandville, MD | $0 | $15,914,099 |
Propel Charter School - Montour Pittsburgh, PA | $8,477,857 | $16,070,119 |
St Johns Community Services - District Of Columbia Washington, DC | $113,804 | $20,352,755 |
Philadelphia Charter School For Arts And Sciences At Hr Edmunds Philadelphia, PA | $13,352,194 | $18,760,552 |