Harbor School Corporation
- Assets
- $3.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 26
- Location
- Potomac, MD
- Founding
- 04/1976
- Data as of
- 06/2021
- EIN
- 52-1041717
Organization Overview
Harbor School Corporation is located in Potomac, MD. The organization was established in 1976. 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 06/2021, Harbor School Corporation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harbor School Corporation 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 06/2021, Harbor School Corporation generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HARBOR SCHOOL EMBRACES THE UNIQUENESS OF EACH YOUNG CHILD AND TEACHES STUDENTS TO CELEBRATE THIS IN THEMSELVES AND IN EACH OTHER. OUR HOLISTIC APPROACH NURTURES CONFIDENT, KIND AND CAPABLE LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES A DYNAMIC, INNOVATIVE ACADEMIC EXPERIENCE FOR YOUNG CHILDREN IN PRESCHOOL THROUGH SECOND GRADE. ITS INQUIRY-BASED APPROACH UNDERLIES ALL THAT THEY DO, PROVIDNG A SOLID FOUNDATION UPON WHICH A LIFETIME OF LEARNING BEGINS. THE SPIRAL THEME FOR FISCAL YEAR 2021 WAS THE WORLD UNDERGROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Musico Head Of School | Officer | 40 | $152,500 |
Dana Riley Business Manager | Officer | 40 | $78,780 |
Eileen Pennington Chair | OfficerTrustee | 2 | $0 |
Suzanne Miyamoto Vice Chair | OfficerTrustee | 2 | $0 |
Marc Washington Treasurer | OfficerTrustee | 2 | $0 |
Kameha Bell Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,896 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,952 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,848 |
| Total Program Service Revenue | $1,659,978 |
| Investment income | $1,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,995 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,746,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $115,680 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $237,807 |
| Compensation of current officers, directors, key employees. | $138,634 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $833,328 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,603 |
| Advertising and promotion | $7,828 |
| Office expenses | $2,234 |
| Information technology | $10,113 |
| Royalties | $0 |
| Occupancy | $259,841 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,974 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,732 |
| Insurance | $10,784 |
| All other expenses | $35,035 |
| Total functional expenses | $1,663,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,564 |
| Savings and temporary cash investments | $948,529 |
| Pledges and grants receivable | $2,000 |
| Accounts receivable, net | $2,004,326 |
| 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 | $56,848 |
| Net Land, buildings, and equipment | $49,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,833 |
| Total assets | $3,136,599 |
| Accounts payable and accrued expenses | $78,231 |
| Grants payable | $0 |
| Deferred revenue | $2,557,512 |
| 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 | $365,027 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,000,770 |
| Net assets without donor restrictions | $98,679 |
| Net assets with donor restrictions | $37,150 |
| 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 | $3,136,599 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harbor School Corporation has recieved totaling $267.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $267 |
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 |