The Parkmont School Inc
- Assets
- $1.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 25
- Location
- Washington, DC
- Founding
- 04/1995
- Data as of
- 06/2022
- EIN
- 52-0982560
Organization Overview
The Parkmont School Inc is located in Washington, DC. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Parkmont School Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkmont 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, Parkmont School Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 5.2% per year over the past 3 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
AN INDEPENDENT, PRIVATE, CO-ED SCHOOL SERVING 40-50 STUDENTS IN GRADES 6-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARKMONT SCHOOL IS AN INDEPENDENT, PRIVATE, CO-ED AND DIVERSE SCHOOL SERVING 40-50 STUDENTS IN GRADES 6-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Mcclain Executive Director | OfficerTrustee | 40 | $131,324 |
Joe Ferber President | OfficerTrustee | 1 | $0 |
Tom Yoder Secretary | OfficerTrustee | 1 | $0 |
Walter Ailes Treasurer | OfficerTrustee | 1 | $0 |
Deborah Dusault Trustee | Trustee | 1 | $0 |
Cassandra Hetherington Trustee | Trustee | 1 | $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 | $150,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,202 |
| Total Program Service Revenue | $2,767,719 |
| Investment income | $17,706 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,936,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,112,212 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,713 |
| Compensation of current officers, directors, key employees. | $34,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $985,021 |
| Pension plan accruals and contributions | $38,623 |
| Other employee benefits | $119,711 |
| Payroll taxes | $89,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106 |
| Fees for services: Accounting | $50,969 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,114 |
| Advertising and promotion | $12,646 |
| Office expenses | $74,295 |
| Information technology | $42,831 |
| Royalties | $0 |
| Occupancy | $26,785 |
| Travel | $7,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,272 |
| Insurance | $26,600 |
| All other expenses | $2,832 |
| Total functional expenses | $2,936,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,872 |
| Savings and temporary cash investments | $392,474 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $53,742 |
| 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 | $22,659 |
| Net Land, buildings, and equipment | $395,266 |
| Investments—publicly traded securities | $709,361 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,608,374 |
| Accounts payable and accrued expenses | $69,011 |
| Grants payable | $0 |
| Deferred revenue | $162,400 |
| 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 | $485,706 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $717,117 |
| Net assets without donor restrictions | $891,257 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,608,374 |