Nora School
- Assets
- $6.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 18
- Location
- Silver Spring, MD
- Founding
- 09/1977
- Data as of
- 06/2023
- EIN
- 52-1036230
Organization Overview
Nora School is located in Silver Spring, MD. The organization was established in 1977. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Nora School employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nora School 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, Nora School generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 3.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NORA SCHOOL IS A PROGRESSIVE, SOCIALLY-CONSCIOUS, COLLEGE PREPARATORY HIGH SCHOOL THAT IS SMALL BY DESIGN, ACADEMICALLY SUPPORTIVE, AND COMMUNITY ORIENTED. NORA PROVIDES AN INSPIRING SPACE FOR A DIVERSE GROUP OF STUDENTS AND TEACHERS TO GROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORA IS A SMALL, PROGRESSIVE, INDEPENDENT COLLEGE PREPARATORY DAY SCHOOL FOR STUDENTS IN GRADES 9 THROUGH 12. TEACHERS AND STUDENTS WORK TOGETHER TO: FOSTER INTELLECTUAL AND INQUIRING LEARNERS, DISCOVER THEIR UNIQUE INDENTITY AND PLACE IN THE WORLD, DEVELOP SOCIAL AWARENESS THAT IMPELS THEM TO ACTION AND PREPARE FOR COLLEGE AND FOR LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Schoenbach Treasurer | OfficerTrustee | 1 | $0 |
Brennan Boothby Faculty Director | Trustee | 40 | $64,061 |
Judith Gelman Chair | OfficerTrustee | 5 | $0 |
Lois Mccabe Director | Trustee | 1 | $0 |
Mara Nicastro Head Of School | OfficerTrustee | 40 | $211,365 |
Mary Mussman Secretary | OfficerTrustee | 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 | $105,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,880 |
| Total Program Service Revenue | $2,251,184 |
| Investment income | $74,412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $118,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,550,379 |
| 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. | $319,426 |
| Compensation of current officers, directors, key employees. | $76,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $888,417 |
| Pension plan accruals and contributions | $22,428 |
| Other employee benefits | $52,333 |
| Payroll taxes | $87,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,749 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,077 |
| Office expenses | $30,467 |
| Information technology | $43,438 |
| Royalties | $0 |
| Occupancy | $87,454 |
| Travel | $6,097 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,825 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,387 |
| Insurance | $23,483 |
| All other expenses | $44,276 |
| Total functional expenses | $1,908,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $598,286 |
| Savings and temporary cash investments | $201,715 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,620 |
| 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 | $20,067 |
| Net Land, buildings, and equipment | $3,260,316 |
| Investments—publicly traded securities | $1,913,842 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,158 |
| Total assets | $6,034,004 |
| Accounts payable and accrued expenses | $15,663 |
| Grants payable | $0 |
| Deferred revenue | $235,881 |
| 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 | $784,980 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,388 |
| Total liabilities | $1,073,912 |
| Net assets without donor restrictions | $4,673,669 |
| Net assets with donor restrictions | $286,423 |
| 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 | $6,034,004 |