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Nonprofiteer
← PARK SCHOOL OF BALTIMORE INC

Form 990 for tax year 2022

Filed by PARK SCHOOL OF BALTIMORE INC.

Totals

Total revenue
$39,793,878
Total expenses
$34,605,157
Contributions and grants received
$7,794,608
Grants paid
$9,600,517
Program service revenue
$30,369,336
Investment income
$1,432,747
Other revenue
$197,187
Total assets, end of year
$111,729,524
Total liabilities, end of year
$14,165,659
Net assets or fund balances, end of year
$97,563,865
Program services expenses (Part IX)
$24,246,971
Management and general expenses
$9,387,403
Fundraising expenses
$970,783
Program service expenses (Part III)
$24,246,971

Program services were 70.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $7,794,608

  • 2a · Program service revenue: TUITION & FEES

    total $28,894,679 · related or exempt $28,894,679

  • 2b · Program service revenue: CAFETERIA

    total $546,161 · related or exempt $546,161

  • 2c · Program service revenue: EXTENDED STAY

    total $337,216 · related or exempt $337,216

  • 2d · Program service revenue: SUMMER CAMP

    total $323,296 · related or exempt $323,296

  • 2e · Program service revenue: BUS OPERATIONS

    total $141,877 · related or exempt $141,877

  • 2f · All other program service revenue

    total $126,107 · related or exempt $126,107

  • 3 · Investment income

    total $486,890 · excluded $486,890

  • 6a · Gross rents

    real property $204,911

  • 6b · Less rental expenses

    real property $8,603

  • 6c · Rental income or loss

    real property $196,308

  • 6d · Net rental income or loss

    total $196,308 · excluded $196,308

  • 7a · Gross sales of assets other than inventory

    securities $24,993,618

  • 7b · Less cost or other basis and sales expenses

    securities $24,047,761

  • 7c · Gain or loss

    securities $945,857

  • 7d · Net gain or loss

    total $945,857 · excluded $945,857

  • 10a · Gross sales of inventory

    $29,261

  • 10b · Cost of goods sold

    $31,446

  • 10c · Net income from sales of inventory

    total -$2,185 · excluded -$2,185

  • 11a · Other revenue: MISCELLANEOUS

    total $3,064 · related or exempt $3,064

  • 11e · Other revenue, total

    $3,064

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,600,517 · program services $9,600,517

  • 5 · Compensation of officers, directors and key employees

    total $851,966 · program services $589,886 · management and general $218,428 · fundraising $43,652

  • 7 · Other salaries and wages

    total $14,031,183 · program services $9,867,433 · management and general $3,470,871 · fundraising $692,879

  • 8 · Pension plan contributions

    total $806,081 · program services $564,375 · management and general $197,570 · fundraising $44,136

  • 9 · Other employee benefits

    total $1,277,543 · program services $718,224 · management and general $507,706 · fundraising $51,613

  • 10 · Payroll taxes

    total $1,057,186 · program services $759,968 · management and general $246,871 · fundraising $50,347

  • 11a · Fees: management

    total $83,155 · management and general $83,155

  • 11b · Fees: legal

    total $31,660 · management and general $31,660

  • 11c · Fees: accounting

    total $29,385 · management and general $29,385

  • 11f · Fees: investment management

    total $135,668 · management and general $135,668

  • 12 · Advertising and promotion

    total $145,774 · management and general $145,774

  • 13 · Office expenses

    total $128,354 · program services $21,927 · management and general $95,901 · fundraising $10,526

  • 14 · Information technology

    total $232,076 · program services $1,271 · management and general $230,805

  • 16 · Occupancy

    total $458,707 · management and general $458,707

  • 17 · Travel

    total $7,265 · management and general $7,265

  • 20 · Interest

    total $313,286 · management and general $313,286

  • 22 · Depreciation, depletion and amortization

    total $1,632,438 · management and general $1,632,438

  • 23 · Insurance

    total $182,370 · management and general $182,370

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $811,219 · management and general $811,219

  • 24b · Other expenses: EDUCATION/EXTENDED DAY

    total $740,235 · program services $740,235

  • 24c · Other expenses: CAFETERIA & BUSINESS OP

    total $680,811 · program services $680,811

  • 24d · Other expenses: EVENTS & ACTIVITIES

    total $416,541 · program services $338,911 · fundraising $77,630

  • 24e · All other expenses

    total $951,737 · program services $363,413 · management and general $588,324

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,863 · end of year $1,179

  • 2 · Savings and temporary cash investments

    beginning of year $17,353,464 · end of year $15,768,694

  • 3 · Pledges and grants receivable

    beginning of year $7,733,362 · end of year $6,236,598

  • 4 · Accounts receivable

    beginning of year $550,066 · end of year $649,313

  • 5 · Loans and receivables from officers and key people

    beginning of year $100,000 · end of year $72,000

  • 7 · Other notes and loans receivable

    beginning of year $39,462 · end of year $78,411

  • 8 · Inventories for sale or use

    beginning of year $16,396 · end of year $15,059

  • 9 · Prepaid expenses and deferred charges

    beginning of year $424,349 · end of year $571,835

  • 10a · Land, buildings and equipment: cost or other basis

    $54,041,347

  • 10b · Land, buildings and equipment: accumulated depreciation

    $23,183,052

  • 10c · Land, buildings and equipment, net

    beginning of year $22,029,924 · end of year $30,858,295

  • 11 · Investments: publicly traded securities

    beginning of year $39,245,276 · end of year $43,908,943

  • 12 · Investments: other securities

    beginning of year $14,318,167 · end of year $13,202,861

  • 15 · Other assets

    beginning of year $170,882 · end of year $366,336

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,921,403 · end of year $3,004,563

  • 19 · Deferred revenue

    beginning of year $3,469,358 · end of year $3,712,349

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,934,641 · end of year $7,384,481

  • 25 · Other liabilities

    beginning of year $201,616 · end of year $64,266

  • 27 · Net assets without donor restrictions

    beginning of year $35,990,968 · end of year $39,649,758

  • 28 · Net assets with donor restrictions

    beginning of year $52,470,225 · end of year $57,914,107

Mission and programs · 2022

Mission

DEVOTED TO INTELLECTUAL INQUIRY, A COLLABORATIVE SPIRIT OF LEARNING, AND AN APPRECIATION FOR THE DIVERSITY OF HUMAN EXPERIENCE, THE PARK SCHOOL OF BALTIMORE IS A COMMUNITY FOUNDED ON POSITIVE EXPECTATIONS OF OUR STUDENTS AND RESPECT FOR INDIVIDUAL DIFFERENCES. WE CULTIVATE CHILDREN'S INNATE CURIOSITY BY NURTURING THEIR INTERESTS AND ENGAGING THEM AS ACTIVE PARTICIPANTS IN THEIR OWN EDUCATION. WE SUPPORT YOUNG PEOPLE IN BECOMING CONFIDENT QUESTIONERS AND RESPONSIBLE CITIZENS OF THE WORLD.

Activities or mission (Part I)

TO PROVIDE EDUCATION TO STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE.

  • INSTRUCTION & OTHER ACADEMIC PROGRAM EXPENSES - GENERAL OPERATION OF THE SCHOOL; PROVIDING BASIC EDUCATION FOR GRADES KINDERGARTEN THROUGH TWELVE.

    Expenses $22,678,058 · Grants $9,600,517 · Revenue $28,894,679

  • AUXILIARY PROGRAMS & SPECIAL ACTIVITIES - EXPENSES ASSOCIATED WITH PROVIDING SUMMER CAMP, EXTENDED DAY, AND SPECIAL PROGRAMS FOR THE BENEFIT OF THE STUDENTS.

    Expenses $1,568,913 · Revenue $1,477,721

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gregory White

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Kevin Pearson

    PRESIDENT-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Lowell Yura

    TREASURER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Georgia Smith

    VICE PRESIDENT-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Janet Cohen

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Lila Shapiro-Cyr

    SECRETARY-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Austin Applegate

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Michael Albo

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Lydia Griggsby

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Stephen Hulse

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Andrew Connors

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Sarah Davison

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Katelin Etoh

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Mica Fidler

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Nicola Heller

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey Nusinov

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Laurie Legum

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Matt Hannibal

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Tim Pickering

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Rebecca Rabin

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Missy Rohnrbach

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Karen Sirota Weinstein

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Darryl Tarver

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Brandy Washington

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Stacey Kunar

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Mollie Selmanoff

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Joseph Jm Schapiro

    MEMBER-BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Daniel Paradis

    HEAD OF SCHOOL

    Total calculated
    $452,664
    From this org
    $411,891
    From related orgs
    $0
    Other
    $40,773
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,391
    Bonus
    $1,000
    Other
    $52,500
    Deferred
    $18,300
    Nontaxable benefits
    $22,473
    Filer's total
    $452,664
  • Daniel Schochor

    ASSOCIATE HEAD OF SCHOOL F

    Total calculated
    $202,787
    From this org
    $191,365
    From related orgs
    $0
    Other
    $11,422
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,365
    Bonus
    $1,000
    Other
    $0
    Deferred
    $11,422
    Nontaxable benefits
    $0
    Filer's total
    $202,787
  • Priscilla Morales

    ASSOCIATE HEAD OF SCHOOL

    Total calculated
    $246,672
    From this org
    $162,593
    From related orgs
    $0
    Other
    $84,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,593
    Bonus
    $1,000
    Other
    $0
    Deferred
    $9,810
    Nontaxable benefits
    $74,269
    Filer's total
    $246,672
  • Lisa Quinting

    DIRECTOR OF ACCOUNTING

    Total calculated
    $174,862
    From this org
    $121,498
    From related orgs
    $0
    Other
    $53,364
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,498
    Bonus
    $1,000
    Other
    $0
    Deferred
    $7,505
    Nontaxable benefits
    $45,859
    Filer's total
    $174,862
  • Roger Seidenman

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $194,098
    From this org
    $183,168
    From related orgs
    $0
    Other
    $10,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,168
    Bonus
    $1,000
    Other
    $0
    Deferred
    $10,930
    Nontaxable benefits
    $0
    Filer's total
    $194,098
  • Joshua Wolf

    MIDDLE SCHOOL PRINCIPAL

    Total calculated
    $224,132
    From this org
    $114,654
    From related orgs
    $0
    Other
    $109,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,654
    Bonus
    $1,000
    Other
    $0
    Deferred
    $8,004
    Nontaxable benefits
    $101,474
    Filer's total
    $224,132
  • Traci Wright

    UPPER SCHOOL PRINCIPAL

    Total calculated
    $149,628
    From this org
    $131,385
    From related orgs
    $0
    Other
    $18,243
    Hours/week
    40
  • Adrienne Peres

    ASSOC DIRECTOR OF DEVELOPMENT

    Total calculated
    $132,526
    From this org
    $116,392
    From related orgs
    $0
    Other
    $16,134
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
DANIEL PARADIS, HEAD OF SCHOOL, IS THE ONLY EMPLOYEE RECEIVING ANY OF THESE BENEFITS. THESE BENEFITS ARE INCLUDED IN DANIEL PARADIS'S W-2 TAXABLE COMPENSATION AND ARE PART OF HIS COMPENSATION PACKAGE.
PART I, LINE 4B
NON-QUALIFIED 457(B) CONTRIBUTIONS, DANIEL PARADIS - $20,500

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202441349349305329

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