Kent School Inc
- Assets
- $4.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Chestertown, MD
- Founding
- 12/1967
- Data as of
- 06/2022
- EIN
- 52-0856397
Organization Overview
Kent School Inc is located in Chestertown, MD. The organization was established in 1967. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Kent School Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kent 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, Kent School Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 2.3% 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
EDUCATION - PRE K TO EIGHTH GRADE ON A NON DISCRIMINATORY BASIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT SCHOOL - PRE SCHOOL THROUGH EIGHTH GRADE EDUCATIONAL SERVICES FOR ANY CHILD ON A NON DISCRIMINATORY BASES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Mugele Head Of School | Officer | 50 | $151,871 |
Christie Grabis Secretary | Officer | 2 | $0 |
Megan Bramble Owings President | Officer | 4 | $0 |
Karl Adler Treasurer | Officer | 4 | $0 |
Kate Gray Vice President | Officer | 2 | $0 |
Gigi Windley Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,902 |
| Related organizations | $0 |
| Government grants | $11,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $369,609 |
| Noncash contributions included in lines 1a–1f | $36,680 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $404,511 |
| Total Program Service Revenue | $2,371,939 |
| Investment income | $56,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $93,041 |
| Net Income from Fundraising Events | $32,854 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,969,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $519,513 |
| 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 | $1,565,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,090 |
| Payroll taxes | $114,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,053 |
| Office expenses | $41,106 |
| Information technology | $54,018 |
| Royalties | $0 |
| Occupancy | $48,703 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,878 |
| Insurance | $24,436 |
| All other expenses | $90,937 |
| Total functional expenses | $2,962,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,766 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $39,100 |
| Accounts receivable, net | $22,163 |
| 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 | $29,929 |
| Net Land, buildings, and equipment | $1,426,466 |
| Investments—publicly traded securities | $2,777,826 |
| Investments—other securities | $0 |
| Investments—program-related | $31,195 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,451,445 |
| Accounts payable and accrued expenses | $21,272 |
| Grants payable | $0 |
| Deferred revenue | $406,204 |
| 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 | $273,212 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $219,184 |
| Total liabilities | $919,872 |
| Net assets without donor restrictions | $814,249 |
| Net assets with donor restrictions | $2,717,324 |
| 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 | $4,451,445 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kent School Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Gladwood Foundation Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $20,000 |
Endowment Analysis
| Beg. Balance | $3,265,959 |
| Earnings | -$446,932 |
| Net Contributions | $85,553 |
| Other Expense | $126,159 |
| Ending Balance | $2,778,421 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Indian Creek School Incorporated Crownsville, MD | $30,010,402 | $16,596,425 |
Kipp Philadelphia Charter School Philadelphia, PA | $30,756,682 | $16,805,323 |
Chester Charter Scholars Academy Chester, PA | $12,106,141 | $12,761,901 |
First Start Partnerships For Children And Families Inc Chambersburg, PA | $1,240,944 | $9,208,850 |
Morris And Rose Caskey Torah Academy Of Greater Philadelphia Wynnewood, PA | $19,605,172 | $11,408,583 |
Head Start Of Washington County Inc Hagerstown, MD | $4,452,901 | $7,265,317 |
Salisbury School Inc Salisbury, MD | $6,313,539 | $5,796,453 |
Richmond Montessori School Inc Richmond, VA | $10,937,942 | $7,480,859 |
National Child Research Center Washington, DC | $18,249,824 | $5,793,613 |
Plumstead Christian School Plumsteadville, PA | $10,735,622 | $6,287,243 |
Salisbury Christian School Inc Salisbury, MD | $7,493,409 | $5,239,580 |