Dual School Inc
- Assets
- $31.8k
- Revenue
- $332.7k
- Investments
- $0.0
- Employees
- 25
- Location
- Wilmington, DE
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-0849425
Organization Overview
Dual School Inc is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (O54) the organization is classified as: Youth Development - Citizenship, under the broad grouping of Youth Development and related organizations. As of 12/2021, Dual School Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dual 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 12/2021, Dual School Inc generated $332.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 55.6% each year . All expenses for the organization totaled $326.5k during the year ending 12/2021. While expenses have increased by 52.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP CREATIVE SPACES FOR YOUTH TO FIND THEIR SPARK AND TRANSFORM PASSIONS INTO PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WILL PROVIDE EDUCATIONAL PROGRAMS TO HIGH SCHOOL STUDENTS ACROSS THE STATE OF DELAWARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zack Jones Executive Director | Officer | 40 | $56,232 |
Shona Grace Treasurer | OfficerTrustee | 5 | $0 |
Catherine Lindroth President | OfficerTrustee | 5 | $0 |
Julie Frieswyk Director | Trustee | 5 | $0 |
Brian Delgado Director | Trustee | 5 | $0 |
Veronica Manning Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,626 |
| Total Program Service Revenue | $208,058 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $332,695 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,232 |
| Compensation of current officers, directors, key employees. | $28,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,604 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $399 |
| Fees for services: Accounting | $11,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,984 |
| Information technology | $1,296 |
| Royalties | $0 |
| Occupancy | $1,000 |
| Travel | $2,285 |
| 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 | $0 |
| Insurance | $5,198 |
| All other expenses | $3,175 |
| Total functional expenses | $326,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,450 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,325 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,775 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $31,775 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $31,775 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dual School Inc has recieved totaling $123,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $123,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Talbot Mentors Inc Easton, MD | $1,333,598 | $871,822 |
Dual School Inc Wilmington, DE | $31,775 | $332,695 |
Social Impact Center Haverford, PA | $48,509 | $271,662 |
All About Character Inc Meadville, PA | $4,121 | $121,949 |
Sow Good Now Newtown Square, PA | $152,956 | $148,851 |
Freedoms Foundation At Valley Forge Valley Forge, PA | $1,988,243 | $401,452 |
Young People For Progress Inc Silver Spring, MD | $183,688 | $0 |
Pals For The Future A Nj Nonprofit Corporation Moorestown, NJ | $247,761 | $0 |
Turtles Trail Foundation Inc Clifford, PA | $190,359 | $79,628 |
Mgn For A Better World A Nj Nonprofit Corporation Moorestown, NJ | $815,756 | $782,934 |
Us Naval Sea Cadet Corps Wahoo Ss- 238 Division Pittston, PA | $3,711 | $7,015 |
American Black Male Leadership Institute Inc Newark, NJ | $1,114 | $0 |