Chelsea School
- Assets
- $4.4m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 57
- Location
- Hyattsville, MD
- Founding
- 03/1977
- Data as of
- 06/2022
- EIN
- 52-1072280
Organization Overview
Chelsea School is located in Hyattsville, MD. The organization was established in 1977. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Chelsea School employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chelsea 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 06/2022, Chelsea School generated $3.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 4 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
CHELSEA SCHOOL EDUCATES PROMISING STUDENTS WITH SPECIFIC LANGUAGE-BASED LEARNING DIFFERENCES IN A RIGOROUS, INDIVIDUALIZED COLLEGE PREPARATORY ENVIRONMENT TO BECOME LIFELONG, INDEPENDENT LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SCHOOL, GRADES 5-12, WITH PROGRAMS DESIGNED TO MEET THE SPECIAL NEEDS OF LEARNING DISABLED CHILDREN. AVERAGE ENROLLMENT FOR THE YEAR WAS 70.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Mills Executive Director | Officer | 40 | $122,404 |
Jeff Green Director Of Finance | Officer | 45 | $82,539 |
Kristal Weems-Bradner Head Of School | Officer | 40 | $149,000 |
Jan Abraham Director | Trustee | 2 | $0 |
Kertisha Dixon Director | Trustee | 2 | $0 |
Melina Aybar Director | Trustee | 2 | $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 | $132,003 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,003 |
| Total Program Service Revenue | $3,204,728 |
| Investment income | $77,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $77,364 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,493,123 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $135,148 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $399,375 |
| Compensation of current officers, directors, key employees. | $225,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,821,777 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $160,305 |
| Payroll taxes | $187,331 |
| 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 | $21,755 |
| Fees for services: Other | $101,365 |
| Advertising and promotion | $44,303 |
| Office expenses | $44,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $467,444 |
| Travel | $0 |
| 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 | $178,099 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,718,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,125 |
| Savings and temporary cash investments | $74,141 |
| Pledges and grants receivable | $22,881 |
| Accounts receivable, net | $425,880 |
| 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 | $5,493 |
| Net Land, buildings, and equipment | $249,842 |
| Investments—publicly traded securities | $3,428,793 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,230 |
| Total assets | $4,404,385 |
| Accounts payable and accrued expenses | $342,412 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $173,894 |
| Total liabilities | $516,306 |
| Net assets without donor restrictions | $3,419,961 |
| Net assets with donor restrictions | $468,118 |
| 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 | $4,404,385 |