Harford Day School Inc
- Assets
- $13.3m
- Revenue
- $6.7m
- Investments
- $3.5m
- Employees
- 82
- Location
- Bel Air, MD
- Founding
- 02/1960
- Data as of
- 06/2022
- EIN
- 52-0694569
Organization Overview
Harford Day School Inc is located in Bel Air, MD. The organization was established in 1960. 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 06/2022, Harford Day School Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harford Day 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 06/2022, Harford Day School Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $6.5m during the year ending 06/2022. While expenses have increased by 3.0% 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
ACADEMIC EDUCATION FOR GRADES PRE-K THROUGH 8
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC EDUCATION FOR GRADES PRE-K THROUGH 8. THE ENROLLMENT FOR THE YEAR WAS APPROXIMATELY 297 STUDENTS. GRANTS ARE SCHOLARSHIP AND FINANCIAL AID AWARDS WHICH ARE APPLIED AGAINST TUITION FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Kearney Head Of School | Officer | 55 | $188,650 |
Valerie Kohles Chief Financial Officer | Officer | 40 | $115,000 |
Dennis Kurgansky President | OfficerTrustee | 5 | $0 |
Aaron Rabinowitz Vice President | OfficerTrustee | 3 | $0 |
Irna Jay Secretary | OfficerTrustee | 1 | $0 |
Katherine Giannelli Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $400,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $400,918 |
| Total Program Service Revenue | $5,845,493 |
| Investment income | $189,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,158 |
| Net Gain/Loss on Asset Sales | $181,682 |
| Net Income from Fundraising Events | $70,612 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,718,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $701,053 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $322,300 |
| Compensation of current officers, directors, key employees. | $85,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,952,223 |
| Pension plan accruals and contributions | $135,473 |
| Other employee benefits | $423,401 |
| Payroll taxes | $234,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,733 |
| Fees for services: Accounting | $32,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,018 |
| Fees for services: Other | $275,138 |
| Advertising and promotion | $44,126 |
| Office expenses | $378,721 |
| 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 | $8,741 |
| Interest | $139,147 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $401,953 |
| Insurance | $34,375 |
| All other expenses | $46,598 |
| Total functional expenses | $6,506,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $827,681 |
| Savings and temporary cash investments | $904,062 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,156,562 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $165,856 |
| Net Land, buildings, and equipment | $4,703,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,510,591 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,268,176 |
| Accounts payable and accrued expenses | $553,073 |
| Grants payable | $0 |
| Deferred revenue | $5,227,331 |
| 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 | $2,027,801 |
| Total liabilities | $7,808,205 |
| Net assets without donor restrictions | $3,462,064 |
| Net assets with donor restrictions | $1,997,907 |
| 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 | $13,268,176 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Harford Day School Inc has recieved totaling $31,790.
| Awarding Organization | Amount |
|---|---|
Ralph And Shirley Klein Foundation Inc Forest Hill, MD PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $20,000 |
The Dresher Foundation Inc Baltimore, MD PURPOSE: SUPPORTING THE VARIOUS CHARITABLE AND CIVIC ENDEAVOR | $10,000 |
Berkowitz Ii Foundation Milford, PA PURPOSE: UNRESTRICTED | $1,000 |
Kelso Bishop Family Foundation Inc Towson, MD PURPOSE: TO SUPPORT THE CONDUCT OF THE ORGANIZATION'S CHARITABLE PURPOSE - EDUCATION | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $290 |
Endowment Analysis
| Beg. Balance | $2,753,806 |
| Earnings | -$342,487 |
| Net Contributions | $5,799 |
| Grants | $586,390 |
| Ending Balance | $1,830,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Norwood School Inc Bethesda, MD | $57,964,554 | $24,196,645 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |
Lowell School Inc Washington, DC | $42,214,480 | $16,545,938 |