Mcdonogh School Incorporated
- Assets
- $267.5m
- Revenue
- $83.4m
- Investments
- $8.3m
- Employees
- 888
- Location
- Owings Mills, MD
- Founding
- 05/1977
- Data as of
- 06/2020
- EIN
- 52-6001577
Organization Overview
Mcdonogh School Incorporated is located in Owings Mills, MD. The organization was established in 1977. 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 06/2022, Mcdonogh School Incorporated employed 888 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcdonogh School Incorporated 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 06/2020, Mcdonogh School Incorporated generated $83.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $59.0m during the year ending 06/2020. While expenses have increased by 2.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EXCEPTIONAL EDUCATION INSPIRING A PASSION FOR LEARNING, GROWTH & A COMMITMENT TO EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCDONOGH SCHOOL IS A HIGHLY REGARDED COEDUCATIONAL, INDEPENDENT SCHOOL WITH APPROXIMATELY 1,450 STUDENTS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE. AN OPTIONAL FIVE-DAY BOARDING PROGRAM IS AVAILABLE FOR STUDENTS IN GRADES 9-12. MCDONOGH'S ACADEMIC PROGRAM IS DESIGNED TO FOSTER A LOVE OF LEARNING. THE LOWER SCHOOL PROVIDES A SOLID FOUNDATION WITH AN EMPHASIS ON READING, WRITING, AND MATHEMATICS. TEACHERS WELCOME CHILDREN AS INDIVIDUALS, TAILORING THE ACADEMIC CURRICULUM TO DEVELOP THEIR FULL POTENTIAL-INTELLECTUALLY, PHYSICALLY, SOCIALLY, AND EMOTIONALLY. THE MIDDLE SCHOOL BUILDS ON THAT FOUNDATION WITH APPRECIATION FOR THE INTELLECTUAL, PHYSICAL, SOCIAL, AND EMOTIONAL NEEDS OF YOUNG ADOLESCENTS. STUDENTS LEARN THE ELEMENTS OF RESPONSIBLE SCHOLARSHIP IN READING, ENGLISH, WORLD LANGUAGES, MATHEMATICS, SCIENCE, SOCIAL STUDIES, AND TECHNOLOGY. THE UPPER SCHOOL COMBINES RIGOROUS ACADEMICS WITH A WIDE VARIETY OF EXTRACURRICULAR ACTIVITIES. IN AN ENVIRONMENT THAT FOSTERS VERSATILITY, STUDENTS SELECT HONORS AND ADVANCED COURSES, DEVELOP THEIR ATHLETIC AND ARTISTIC ABILITIES, LEARN LEADERSHIP AND TEAMWORK SKILLS, AND GRADUATE WELL PREPARED FOR COLLEGE.FORM 990, PART VI, SECTION B, LINE 10A:THE POLICIES DESCRIBED IN PART VI, SECTION B, LINES 10A-16B APPLY TO MCDONOGH SCHOOL, INC. AND ITS AFFILIATE AS LISTED BELOW: FOLIO NETWORK, LLC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Farace Head Of School | Officer | 60 | $473,825 |
Kathryn Mueller Associate Head Of School | Officer | 50 | $225,411 |
Sherri Voelkel Chief Financial Officer | Officer | 50 | $221,574 |
Kerry Johnston Director Of Development | Officer | 50 | $168,111 |
Eunice Deegan Co-Director Of Athletics | 50 | $138,592 | |
Merritt A Livermore Head Of Upper School | 50 | $135,359 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Food Services | 6/29/22 | $1,711,434 |
Chesapeake Contracting Group General Contracting | 6/29/22 | $4,792,351 |
Williams Scotsman Modular Building Provider | 6/29/22 | $622,876 |
The Mullan Contracting Company General Contracting | 6/29/22 | $437,018 |
Lothorian Llc General Contracting | 6/29/22 | $433,259 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,353,347 |
| Investment income | $1,740,342 |
| Tax Exempt Bond Proceeds | $91,937 |
| Royalties | $108,959 |
| Net Rental Income | $241,902 |
| Net Gain/Loss on Asset Sales | $2,973,498 |
| Net Income from Fundraising Events | -$50,910 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $127,586 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,365,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,599,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,119,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,985,581 |
| Pension plan accruals and contributions | $1,237,974 |
| Other employee benefits | $6,205,853 |
| Payroll taxes | $1,803,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $166,004 |
| Fees for services: Accounting | $257,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $40,276 |
| Fees for services: Investment Management | $57,086 |
| Fees for services: Other | $248,969 |
| Advertising and promotion | $112,502 |
| Office expenses | $248,899 |
| Information technology | $679,818 |
| Royalties | $0 |
| Occupancy | $2,949,948 |
| Travel | $96,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,358,462 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,925,419 |
| Insurance | $481,343 |
| All other expenses | $0 |
| Total functional expenses | $59,034,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,410,967 |
| Savings and temporary cash investments | $27,485,299 |
| Pledges and grants receivable | $14,667,778 |
| Accounts receivable, net | $285,634 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $255,826 |
| Inventories for sale or use | $167,279 |
| Prepaid expenses and deferred charges | $1,081,382 |
| Investments—publicly traded securities | $98,227,880 |
| Investments—other securities | $8,300,922 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,796,997 |
| Total assets | $267,537,945 |
| Accounts payable and accrued expenses | $2,235,331 |
| Grants payable | $4,200,000 |
| Deferred revenue | $7,246,072 |
| Tax-exempt bond liabilities | $51,001,758 |
| 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 | $3,514,532 |
| Total liabilities | $68,197,693 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $199,340,252 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Mcdonogh School Incorporated has recieved totaling $3,046,798.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $2,375,943 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $253,300 |
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $117,374 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $96,050 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $50,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $40,000 |
Endowment Analysis
| Beg. Balance | $96,462,703 |
| Earnings | -$10,536,610 |
| Net Contributions | $2,127,426 |
| Other Expense | $3,643,094 |
| Ending Balance | $84,410,425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Mcdonogh School Incorporated Owings Mills, MD | $267,537,945 | $83,365,139 |
Collegium Charter School Exton, PA | $94,797,177 | $61,790,179 |
Georgetown Day School Inc Washington, DC | $314,406,579 | $96,635,135 |
Episcopal Academy Newtown Square, PA | $290,673,894 | $56,548,486 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Springside Chestnut Hill Academy Philadelphia, PA | $140,509,475 | $49,945,250 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |