Washington Episcopal Day School Inc
- Assets
- $41.4m
- Revenue
- $16.2m
- Investments
- $7.1m
- Employees
- 137
- Location
- Bethesda, MD
- Founding
- 08/1986
- Data as of
- 06/2023
- EIN
- 52-1453297
Organization Overview
Washington Episcopal Day School Inc, operating under the name Washington Episcopal School, is located in Bethesda, MD. The organization was established in 1986. 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 06/2023, Washington Episcopal School employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Episcopal 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, Washington Episcopal School generated $16.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $13.7m during the year ending 06/2023. While expenses have increased by 4.0% 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
WASHINGTON EPISCOPAL SCHOOL INSPIRES ACADEMIC AND PERSONAL EXCELLENCE WITHIN A JOYFUL LEARNING ENVIRONMENT TO DEVELOP STUDENTS WHO ARE KIND, CONFIDENT, AND PREPARED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CO-EDUCATIONAL DAY SCHOOL FOR STUDENTS FROM AGE 3 THROUGH GRADE 8. THREE HUNDRED AND THIRTY TWO STUDENTS ATTEND THE SCHOOL. THE OBJECTIVE IS TO PREPARE STUDENTS FOR SUCCESS IN SECONDARY SCHOOL AND BEYOND.
THE SUMMER PROGRAM IS FOR CHILDREN AGES 3 THROUGH 14. THERE WERE 356 CAMPERS FOR 7 WEEKS OF CAMP IN JULY 2022 AND JUNE 2023. THE OBJECTIVE IS TO PROVIDE FUN AND ENRICHING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Vogelman Trustee/head Of School | OfficerTrustee | 50 | $415,463 |
Wendy Tasin Chief Financial And Operations Officer | Officer | 50 | $158,091 |
William Isola Athletic & Summer Camp Director/dean Of Students | 40 | $126,400 | |
Mehdi Elkassem Science Teacher/asst Summer Camp Dir | 40 | $116,174 | |
William Layman Development Director | 50 | $115,633 | |
David Schuessler Facilities Manager | 50 | $111,506 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Red Coats Inc Cleaning Services | 6/29/23 | $151,880 |
Grand Classroom Student Ed Tour Operator | 6/29/23 | $219,113 |
Patuxent Roofing & Contracting Inc Roofing Services | 6/29/23 | $123,994 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $285,916 |
| Related organizations | $0 |
| Government grants | $1,545,085 |
| All other contributions, gifts, grants, and similar amounts not included above | $431,004 |
| Noncash contributions included in lines 1a–1f | $12,798 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,262,005 |
| Total Program Service Revenue | $12,972,754 |
| Investment income | $676,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $366,363 |
| Net Gain/Loss on Asset Sales | -$14,403 |
| Net Income from Fundraising Events | -$84,673 |
| Net Income from Gaming Activities | $7,274 |
| Net Income from Sales of Inventory | -$13 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,185,376 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,549,481 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $503,364 |
| Compensation of current officers, directors, key employees. | $324,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,103,201 |
| Pension plan accruals and contributions | $310,948 |
| Other employee benefits | $975,515 |
| Payroll taxes | $449,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,699 |
| Fees for services: Accounting | $21,714 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $204,603 |
| Advertising and promotion | $116,747 |
| Office expenses | $198,797 |
| Information technology | $265,648 |
| Royalties | $0 |
| Occupancy | $557,081 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $298,528 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $889,052 |
| Insurance | $152,319 |
| All other expenses | $73,269 |
| Total functional expenses | $13,736,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,546 |
| Savings and temporary cash investments | $4,002,330 |
| Pledges and grants receivable | $1,558,278 |
| Accounts receivable, net | $532,148 |
| 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 | $236,618 |
| Net Land, buildings, and equipment | $27,403,498 |
| Investments—publicly traded securities | $501,933 |
| Investments—other securities | $7,123,417 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,924 |
| Total assets | $41,423,692 |
| Accounts payable and accrued expenses | $1,068,937 |
| Grants payable | $0 |
| Deferred revenue | $2,569,337 |
| 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 | $12,102,072 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $89,059 |
| Total liabilities | $15,829,405 |
| Net assets without donor restrictions | $24,277,406 |
| Net assets with donor restrictions | $1,316,881 |
| 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 | $41,423,692 |