Mater Dei School Inc
- Assets
- $33.8m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 36
- Location
- Bethesda, MD
- Founding
- 06/1970
- Data as of
- 06/2023
- EIN
- 52-0906575
Organization Overview
Mater Dei School Inc is located in Bethesda, MD. The organization was established in 1970. 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, Mater Dei School Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mater Dei 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, Mater Dei School Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $5.5m during the year ending 06/2023. While expenses have increased by 4.1% 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
PRIVATE BOYS SCHOOL SERVING GRADES 1 - 8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL SERVICES TO BOYS IN GRADES 1 - 8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mcmurtrie Head Of School/president | OfficerTrustee | 40 | $213,992 |
Andrea Tomasso Trustee | Trustee | 1 | $0 |
Anthony Starks Trustee | Trustee | 1 | $0 |
Brian Casey Trustee | Trustee | 1 | $0 |
Christopher Abell Sr Trustee | Trustee | 1 | $0 |
James Ronis Vice Chair/treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $252,102 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $858,580 |
| Noncash contributions included in lines 1a–1f | $35,868 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,110,682 |
| Total Program Service Revenue | $5,320,984 |
| Investment income | $887,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,250 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,081 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,126 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,394,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $563,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $449,707 |
| Compensation of current officers, directors, key employees. | $125,818 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,066,854 |
| Pension plan accruals and contributions | $250,939 |
| Other employee benefits | $312,981 |
| Payroll taxes | $174,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,514 |
| Fees for services: Other | $70,948 |
| Advertising and promotion | $0 |
| Office expenses | $115,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,845 |
| Travel | $90,183 |
| 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 | $412,333 |
| Insurance | $115,077 |
| All other expenses | $119,106 |
| Total functional expenses | $5,453,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,372,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,500 |
| Accounts receivable, net | $0 |
| 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 | $67,272 |
| Net Land, buildings, and equipment | $6,189,693 |
| Investments—publicly traded securities | $23,163,890 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,794,576 |
| Accounts payable and accrued expenses | $11,798 |
| Grants payable | $0 |
| Deferred revenue | $311,211 |
| 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 | $0 |
| Total liabilities | $323,009 |
| Net assets without donor restrictions | $32,676,467 |
| Net assets with donor restrictions | $795,100 |
| 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 | $33,794,576 |