Maret School Inc
- Assets
- $98.0m
- Revenue
- $40.7m
- Investments
- $0.0
- Employees
- 167
- Location
- Washington, DC
- Founding
- 12/1938
- Data as of
- 06/2022
- EIN
- 53-0211355
Organization Overview
Maret School Inc is located in Washington, DC. The organization was established in 1938. 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, Maret School Inc employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maret School 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 06/2022, Maret School Inc generated $40.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $33.5m during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 7 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
MARET IS A VIBRANT K-12, CO-EDUCATIONAL, INDEPENDENT SCHOOL IN WASHINGTON, DC. WE IGNITE OUR STUDENTS' POTENTIAL AND FOSTER THEIR ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION TO APPROXIMATELY 650 STUDENTS, FROM KINDERGARTEN THROUGH GRADE TWELVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Josephine Talbott Head Of School | Officer | 50 | $572,328 |
Willis Holloway III Asst Head Of School, Fin & Operations | Officer | 50 | $253,750 |
Sally Dunkelberger Director Of Development | Officer | 50 | $232,323 |
Steven Tejada Director Of Upper School | 50 | $209,098 | |
Susan Epps Assist. Head: Faculty Dev. | 50 | $208,177 | |
Annie Farquhar Director Of Admissions | 50 | $178,207 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik International Corp Food Services | 6/29/22 | $882,200 |
Mcdonald Cleaning Systems Inc Cleaning Services | 6/29/22 | $584,749 |
The Whalen Berez Group Consulting Services | 6/29/22 | $279,546 |
Armfield Harrison & Thomas Inc Consulting Services | 6/29/22 | $229,149 |
Jcm Analytics Llc Covid-19 Testing Services | 6/29/22 | $187,427 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $687,928 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,631,629 |
| Noncash contributions included in lines 1a–1f | $758,507 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,319,557 |
| Total Program Service Revenue | $28,074,195 |
| Investment income | $1,222,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $208,375 |
| Net Gain/Loss on Asset Sales | -$358,025 |
| Net Income from Fundraising Events | $35,097 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,685,591 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,146,749 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,111,195 |
| Compensation of current officers, directors, key employees. | $224,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,980,873 |
| Pension plan accruals and contributions | $1,077,308 |
| Other employee benefits | $1,074,858 |
| Payroll taxes | $1,079,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,620 |
| Fees for services: Accounting | $46,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $242,436 |
| Fees for services: Other | $697,097 |
| Advertising and promotion | $7,660 |
| Office expenses | $463,215 |
| Information technology | $303,672 |
| Royalties | $0 |
| Occupancy | $511,812 |
| Travel | $136,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,721 |
| Interest | $375,960 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,263,985 |
| Insurance | $231,824 |
| All other expenses | $524,381 |
| Total functional expenses | $33,518,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,617,297 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,953,545 |
| Accounts receivable, net | $843,820 |
| 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 | $486,781 |
| Net Land, buildings, and equipment | $30,638,268 |
| Investments—publicly traded securities | $45,456,522 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $97,996,233 |
| Accounts payable and accrued expenses | $1,459,253 |
| Grants payable | $0 |
| Deferred revenue | $9,637,273 |
| Tax-exempt bond liabilities | $13,951,507 |
| Escrow or custodial account liability | $82,891 |
| 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 | $477,240 |
| Total liabilities | $25,608,164 |
| Net assets without donor restrictions | $43,871,978 |
| Net assets with donor restrictions | $28,516,091 |
| 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 | $97,996,233 |
Grants Recieved
Over the last fiscal year, we have identified 40 grants that Maret School Inc has recieved totaling $1,937,045.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $497,917 |
Scott A Nathan Charitable Tr Boston, MA PURPOSE: GENERAL PURPOSE | $300,000 |
Rice Cameron Family Foundation Washington, DC PURPOSE: CHARITABLE | $255,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $190,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $146,500 |
Ivorybill Foundation Inc Pittsford, NY PURPOSE: TOGETHER WE INSPIRE CAMPAIGN | $100,000 |
Endowment Analysis
| Beg. Balance | $26,813,009 |
| Earnings | -$2,948,675 |
| Net Contributions | $1,672,012 |
| Grants | $943,923 |
| Ending Balance | $24,592,423 |
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 |
Georgetown Day School Inc Washington, DC | $314,406,579 | $96,635,135 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Charles E Smith Jewish Day School Of Greater Washington Inc Rockville, MD | $72,940,113 | $37,835,110 |
Landon School Corporation Bethesda, MD | $80,382,622 | $54,334,304 |
Friends School Of Baltimore Inc Baltimore, MD | $92,747,497 | $38,147,236 |
Maret School Inc Washington, DC | $97,996,233 | $40,685,591 |
Bryn Mawr School For Girls Of Baltimore City Baltimore, MD | $100,381,068 | $39,864,147 |