Mclean School Of Maryland Inc
- Assets
- $34.9m
- Revenue
- $31.9m
- Investments
- $0.0
- Employees
- 225
- Location
- Potomac, MD
- Founding
- 11/1978
- Data as of
- 06/2023
- EIN
- 52-1117092
Organization Overview
Mclean School Of Maryland Inc is located in Potomac, MD. The organization was established in 1978. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Mclean School Of Maryland Inc employed 225 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclean School Of Maryland 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, Mclean School Of Maryland Inc generated $31.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $28.7m during the year ending 06/2023. While expenses have increased by 5.4% 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
PRIVATELY FUNDED, FULL SCOPE, COLLEGE PREPARATORY EDUCATIONAL INSTITUTION DEDICATED TO THE EDUCATION OF STUDENTS FROM KINDERGARTEN THROUGH GRADE 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALONG WITH THE SCHOOL'S MISSION STATEMENT, THE SCHOOL'S DECISION-MAKING IS GUIDED BY ITS STATEMENT OF CORE VALUES AND ITS DIVERSITY/EQUITY STATEMENT. THE CORE VALUES STATE, "AS A COMMUNITY DEDICATED TO A STUDENT CENTERED APPROACH, WHERE THE WELFARE OF THE STUDENT IS A PRIORITY, WE VALUE EQUALLY CREATIVITY, INNOVATION, INTELLECTUAL CURIOSITY AND ACADEMIC ACHIEVEMENT, DIVERSTIY, FLEXIBILITY, RESPECT, A SAFE AND NURTURING ENVIRONMENT, AND A SENSE OF COMMUNITY." THE DIVERSITY/EQUITY STATEMENT BEGINS, "MCLEAN SCHOOL'S COMMITMENT TO DIVERSITY/EQUITY IS AN EXTENSION OF OUR MISSION TO MAKE EDUCATION ACCESSIBLE, STIMULATING, AND MEANINGFUL TO A BROAD RANGE OF LEARNERS." IT ENDS WITH "WE EXPECT THAT ALL COMMUNITY MEMBERS WILL SUPPORT DIVERSITY/EQUITY AT MCLEAN SCHOOL, JUST AS WE EXPECT THAT ALL COMMUNITY MEMBERS WILL BENEFIT FROM THAT WORK."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Saxenian Head Of School | OfficerTrustee | 60 | $395,487 |
Mary Wright Vice Chair | OfficerTrustee | 2 | $0 |
Leslie Creedon Board Member | Trustee | 2 | $0 |
John Yonemoto Treasurer | OfficerTrustee | 2 | $0 |
James Cigliano Chair | OfficerTrustee | 2 | $0 |
Mya Fisher Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coughlin Transportation Transportation | 6/29/23 | $1,915,579 |
Cti Iii Llc Erc Consultant | 6/29/23 | $160,230 |
Carney Sandoe & Associates Employee Recruitment | 6/29/23 | $145,708 |
829 Studios Advertising | 6/29/23 | $147,779 |
Construction Insight Llc Building Upgrades/repairs | 6/29/23 | $135,347 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,150 |
| Related organizations | $0 |
| Government grants | $3,258,511 |
| All other contributions, gifts, grants, and similar amounts not included above | $631,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,908,194 |
| Total Program Service Revenue | $27,680,733 |
| Investment income | $116,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,450 |
| Net Gain/Loss on Asset Sales | -$986 |
| Net Income from Fundraising Events | $178,431 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,913,552 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,900,368 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $913,123 |
| Compensation of current officers, directors, key employees. | $174,224 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,973,406 |
| Pension plan accruals and contributions | $323,768 |
| Other employee benefits | $2,368,369 |
| Payroll taxes | $879,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,111 |
| Fees for services: Accounting | $40,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $407,034 |
| Advertising and promotion | $615,770 |
| Office expenses | $605,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $749,905 |
| Travel | $965,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $814,280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $563,499 |
| Insurance | $115,611 |
| All other expenses | $211,405 |
| Total functional expenses | $28,665,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $7,052,164 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,222,420 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,092 |
| Prepaid expenses and deferred charges | $187,850 |
| Net Land, buildings, and equipment | $12,826,551 |
| Investments—publicly traded securities | $8,313,557 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,293,537 |
| Total assets | $34,902,671 |
| Accounts payable and accrued expenses | $1,554,656 |
| Grants payable | $0 |
| Deferred revenue | $9,982,726 |
| 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 | $11,476,071 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,891,499 |
| Total liabilities | $31,904,952 |
| Net assets without donor restrictions | $1,764,565 |
| Net assets with donor restrictions | $1,233,154 |
| 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 | $34,902,671 |