Totals
- Total revenue
- $60,262,732
- Total expenses
- $56,336,191
- Contributions and grants received
- $4,923,269
- Grants paid
- $5,817,219
- Program service revenue
- $52,574,800
- Investment income
- $1,140,245
- Other revenue
- $1,624,418
- Total assets, end of year
- $227,941,058
- Total liabilities, end of year
- $73,810,814
- Net assets or fund balances, end of year
- $154,130,244
- Program services expenses (Part IX)
- $47,393,798
- Management and general expenses
- $6,977,515
- Fundraising expenses
- $1,964,878
- Program service expenses (Part III)
- $47,393,798
Program services were 84.1% 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.
-
1c · Fundraising events
$17,616
-
1f · All other contributions, gifts and grants
$4,905,653
-
1g · Noncash contributions included above
$156,823
-
2a · Program service revenue: TUITION
total $48,529,271 · related or exempt $48,529,271
-
2b · Program service revenue: SUMMER PROGRAMS
total $2,489,003 · related or exempt $2,489,003
-
2c · Program service revenue: TRANSPORTATION
total $1,072,151 · related or exempt $1,065,475 · unrelated business $6,676
-
2d · Program service revenue: ENRICHMENT PROGRAM
total $306,944 · related or exempt $306,944
-
2e · Program service revenue: EXTENDED DAY
total $113,826 · related or exempt $113,826
-
2f · All other program service revenue
total $63,605 · related or exempt $63,605
-
3 · Investment income
total $605,318 · excluded $605,318
-
6a · Gross rents
real property $3,150
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $3,150
-
6d · Net rental income or loss
total $3,150 · excluded $3,150
-
7a · Gross sales of assets other than inventory
securities $6,545,981 · other assets $2,550
-
7b · Less cost or other basis and sales expenses
securities $5,997,473 · other assets $16,131
-
7c · Gain or loss
securities $548,508 · other assets -$13,581
-
7d · Net gain or loss
total $534,927 · excluded $534,927
-
8a · Fundraising events: gross income
$1,686,482
-
8a · Fundraising events: contributions included on line 1c
$17,616
-
8b · Fundraising events: direct expenses
$234,130
-
8c · Net income from fundraising events
total $1,452,352 · excluded $1,452,352
-
11a · Other revenue: OTHER INCOME
total $168,916 · excluded $168,916
-
11e · Other revenue, total
$168,916
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $5,817,219 · program services $5,817,219
-
5 · Compensation of officers, directors and key employees
total $1,350,098 · program services $1,176,826 · management and general $123,679 · fundraising $49,593
-
7 · Other salaries and wages
total $23,687,544 · program services $20,705,356 · management and general $2,104,972 · fundraising $877,216
-
8 · Pension plan contributions
total $1,697,035 · program services $1,426,727 · management and general $214,422 · fundraising $55,886
-
9 · Other employee benefits
total $4,189,268 · program services $3,521,992 · management and general $529,317 · fundraising $137,959
-
10 · Payroll taxes
total $1,774,400 · program services $1,567,914 · management and general $146,539 · fundraising $59,947
-
11b · Fees: legal
total $103,777 · program services $68,370 · management and general $31,566 · fundraising $3,841
-
11c · Fees: accounting
total $67,290 · program services $44,332 · management and general $20,468 · fundraising $2,490
-
11e · Fees: professional fundraising services
total $47,671 · fundraising $47,671
-
11f · Fees: investment management
total $97,222 · management and general $97,222
-
11g · Fees: other
total $1,451,604 · program services $975,291 · management and general $436,347 · fundraising $39,966
-
12 · Advertising and promotion
total $66,101 · program services $43,940 · management and general $20,286 · fundraising $1,875
-
13 · Office expenses
total $768,525 · program services $476,447 · management and general $135,252 · fundraising $156,826
-
14 · Information technology
total $700,975 · program services $521,799 · management and general $164,383 · fundraising $14,793
-
16 · Occupancy
total $1,978,469 · program services $1,373,653 · management and general $554,885 · fundraising $49,931
-
17 · Travel
total $340,937 · program services $340,937
-
19 · Conferences, conventions and meetings
total $490,332 · program services $307,008 · management and general $28,577 · fundraising $154,747
-
20 · Interest
total $989,821 · program services $658,462 · management and general $304,003 · fundraising $27,356
-
22 · Depreciation, depletion and amortization
total $4,544,708 · program services $3,023,292 · management and general $1,395,815 · fundraising $125,601
-
23 · Insurance
total $450,030 · program services $318,346 · management and general $120,813 · fundraising $10,871
-
24a · Other expenses: SUMMER PROGRAM
total $1,767,752 · program services $1,767,752
-
24b · Other expenses: DEPARTMENT EXPENSES
total $1,720,185 · program services $1,693,440 · management and general $24,537 · fundraising $2,208
-
24c · Other expenses: FOOD & ENTERTAINMENT
total $1,567,494 · program services $1,042,750 · management and general $481,424 · fundraising $43,320
-
24d · Other expenses: BAD DEBTS
total $103,701 · program services $37,553 · management and general $17,338 · fundraising $48,810
-
24e · All other expenses
total $564,033 · program services $484,392 · management and general $25,670 · fundraising $53,971
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $300 · end of year $800
-
2 · Savings and temporary cash investments
beginning of year $51,264,048 · end of year $53,763,488
-
3 · Pledges and grants receivable
beginning of year $2,175,389 · end of year $2,648,747
-
4 · Accounts receivable
beginning of year $225,377 · end of year $113,079
-
8 · Inventories for sale or use
beginning of year $71,333 · end of year $61,096
-
9 · Prepaid expenses and deferred charges
beginning of year $743,580 · end of year $1,026,476
-
10a · Land, buildings and equipment: cost or other basis
$155,754,908
-
10b · Land, buildings and equipment: accumulated depreciation
$54,141,540
-
10c · Land, buildings and equipment, net
beginning of year $103,327,330 · end of year $101,613,368
-
11 · Investments: publicly traded securities
beginning of year $27,037 · end of year $41,774
-
12 · Investments: other securities
beginning of year $43,013,233 · end of year $45,354,932
-
15 · Other assets
beginning of year $20,846,532 · end of year $23,317,298
-
17 · Accounts payable and accrued expenses
beginning of year $3,917,544 · end of year $4,366,883
-
19 · Deferred revenue
beginning of year $23,816,861 · end of year $25,146,820
-
20 · Tax-exempt bond liabilities
beginning of year $21,828,255 · end of year $20,533,303
-
24 · Unsecured notes and loans payable
beginning of year $3,620,800 · end of year $0
-
25 · Other liabilities
beginning of year $21,914,435 · end of year $23,763,808
-
27 · Net assets without donor restrictions
beginning of year $138,315,109 · end of year $144,774,449
-
28 · Net assets with donor restrictions
beginning of year $8,281,155 · end of year $9,355,795
Mission and programs · 2022
Mission
AT THE POTOMAC SCHOOL, WE BELIEVE THAT INTELLECTUAL DEVELOPMENT, LOVE OF LEARNING, AND STRENGTH OF CHARACTER ARE COMPLEMENTARY, AND EQUALLY ESSENTIAL, EDUCATIONAL GOALS. WITH A FIRM COMMITMENT TO OUR CORE VALUES AND A RIGOROUS ACADEMIC PROGRAM, WE PREPARE STUDENTS TO LEAD LIVES OF PURPOSE, ACHIEVEMENT, AND GENEROSITY OF SPIRIT.
-
PROVIDING EDUCATION FROM KINDERGARTEN TO THE TWELFTH GRADE FOR APPROXIMATELY 1070 STUDENTS.
Expenses $47,393,798 · Grants $5,817,219 · Revenue $52,574,800
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
SAMEER BHARGAVA
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
NORMA C RAMSEY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
TANYA LR LA FORCE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
MARTIN W SUMNER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
NOHA ABDALLA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
NATALIE F BUSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MINA C FALTAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL L DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ELLEN M DWYER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
YOUSEF AL OTAIBA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
CHRISTOPHER D GRAHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
VICTORIA J DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
REED LANDRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MARYANNE LAVAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
KIMBERLY A KURYEA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
STEFANIE A THOMAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JAMES H ROONEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ERIC W ROSENTHAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JAMES FLEMING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
PATRICIA POTTS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
PAUL SHERIDAN JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
WON KIM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
CHARLES O ROSSOTTI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JOHN J KOWALIK
HEAD OF SCHOOL
- Total calculated
- $861,978
- From this org
- $698,812
- From related orgs
- $0
- Other
- $163,166
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $589,804
- Bonus
- $1,500
- Other
- $107,508
- Deferred
- $62,500
- Nontaxable benefits
- $102,781
- Filer's total
- $864,093
-
DYANA CONROY
CFO/COO
- Total calculated
- $440,333
- From this org
- $362,089
- From related orgs
- $0
- Other
- $78,244
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $313,134
- Bonus
- $1,500
- Other
- $47,455
- Deferred
- $48,800
- Nontaxable benefits
- $34,109
- Filer's total
- $444,998
-
BARBARA OVERSTREET
DIRECTOR OF ADVANCEMENT
- Total calculated
- $289,983
- From this org
- $248,991
- From related orgs
- $0
- Other
- $40,992
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $243,971
- Bonus
- $1,500
- Other
- $3,520
- Deferred
- $20,107
- Nontaxable benefits
- $22,990
- Filer's total
- $292,088
-
TIMOTHY JAEGER
ASSOCIATE HEAD OF SCHOOL
- Total calculated
- $402,717
- From this org
- $269,525
- From related orgs
- $0
- Other
- $133,192
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $234,674
- Bonus
- $1,500
- Other
- $33,351
- Deferred
- $44,475
- Nontaxable benefits
- $90,770
- Filer's total
- $404,770
-
JOHN MATHEWS
HEAD OF MIDDLE SCHOOL
- Total calculated
- $281,966
- From this org
- $194,878
- From related orgs
- $0
- Other
- $87,088
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $179,066
- Bonus
- $1,500
- Other
- $14,312
- Deferred
- $16,950
- Nontaxable benefits
- $72,405
- Filer's total
- $284,233
-
DOUGLAS MCLANE
HEAD OF UPPER SCHOOL
- Total calculated
- $263,771
- From this org
- $178,760
- From related orgs
- $0
- Other
- $85,011
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $176,691
- Bonus
- $1,500
- Other
- $569
- Deferred
- $13,718
- Nontaxable benefits
- $75,007
- Filer's total
- $267,485
-
DONNETTE ECHOLS
HEAD OF LOWER SCHOOL
- Total calculated
- $210,943
- From this org
- $177,398
- From related orgs
- $0
- Other
- $33,545
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $162,598
- Bonus
- $1,500
- Other
- $13,300
- Deferred
- $11,891
- Nontaxable benefits
- $25,521
- Filer's total
- $214,810
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 · 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 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- JOHN KOWALIK RECEIVED GROSS-UPS IN THE AMOUNT OF $8,871 RELATED TO INSURANCE BENEFITS. THE SCHOOL COMPENSATES THE HEAD OF SCHOOL AND VARIOUS DEPARTMENT HEADS. THE SCHOOL PROVIDES THE HEAD OF SCHOOL AND VARIOUS DEPARTMENT HEADS WITH HOUSING. THE RENTAL VALUE REFLECTS THE FAIR MARKET VALUE FOR COMPARABLE HOUSES IN THE AREA. THE TRANSACTIONS WERE APPROVED BY THE BOARD OF TRUSTEES WITH ADEQUATE DOCUMENTATION. FOLLOWING EMPLOYEES RECEIVED NONTAXABLE HOUSING ALLOWANCE: JOHN KOWALIK - $68,979 TIMOTHY JAEGER - $60,000 JOHN MATHEWS - $41,421 DOUGLAS MCLANE - $48,000 DONNETTE ECHOLS RECEIVED TAXABLE HOUSING AND RELOCATION BENEFITS IN THE AMOUNT OF $12,500.
- PART I, LINE 4B
- FOLLOWING EMPLOYEES PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN 457(F) AND THE SCHOOL CONTRIBUTED FOLLOWING AMOUNTS DURING THE CALENDAR YEAR. JOHN KOWALIK - $18,200 DYANA CONROY - $25,000 TIMOTHY JAEGER - $25,000 FOLLOWING EMPLOYEES RECEIVED A PAYMENT FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN 457(F) DURING THE CALENDAR YEAR. DYANA CONROY - $29,289 TIMOTHY JAEGER - $26,121 JOHN MATHEWS - $13,409
- PART I, LINE 7
- THE AMOUNT LISTED IN SCHEDULE J PART II COLUMN B(II) REPRESENTS RETENTION BONUS PAID TO ALL EMPLOYEES.
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411339349300321
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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