Totals
- Total revenue
- $11,219,515
- Total expenses
- $11,867,470
- Contributions and grants received
- $673,834
- Grants paid
- $3,098,776
- Program service revenue
- $9,817,007
- Investment income
- $556,595
- Other revenue
- $172,079
- Total assets, end of year
- $21,065,745
- Total liabilities, end of year
- $9,638,330
- Net assets or fund balances, end of year
- $11,427,415
- Program services expenses (Part IX)
- $9,882,619
- Management and general expenses
- $1,734,315
- Fundraising expenses
- $250,536
- Program service expenses (Part III)
- $9,882,619
Program services were 83.3% 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
$11,600
-
1f · All other contributions, gifts and grants
$662,234
-
2a · Program service revenue: TUITION AND FEES
total $9,189,287 · related or exempt $9,189,287
-
2b · Program service revenue: AUXILIARY INCOME
total $627,720 · related or exempt $627,720
-
3 · Investment income
total $186,170 · excluded $186,170
-
6a · Gross rents
real property $15,691
-
6c · Rental income or loss
real property $15,691
-
6d · Net rental income or loss
total $15,691 · excluded $15,691
-
7a · Gross sales of assets other than inventory
securities $2,208,637 · other assets $161,818
-
7b · Less cost or other basis and sales expenses
securities $2,000,030
-
7c · Gain or loss
securities $208,607 · other assets $161,818
-
7d · Net gain or loss
total $370,425 · excluded $370,425
-
8a · Fundraising events: gross income
$67,471
-
8a · Fundraising events: contributions included on line 1c
$11,600
-
8b · Fundraising events: direct expenses
$41,157
-
8c · Net income from fundraising events
total $26,314 · excluded $26,314
-
11a · Other revenue: MISCELLANEOUS INCOME
total $130,074 · related or exempt $130,074
-
11e · Other revenue, total
$130,074
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,098,776 · program services $3,098,776
-
5 · Compensation of officers, directors and key employees
total $451,381 · management and general $451,381
-
7 · Other salaries and wages
total $4,330,271 · program services $3,661,441 · management and general $509,043 · fundraising $159,787
-
8 · Pension plan contributions
total $150,973 · program services $132,160 · management and general $13,045 · fundraising $5,768
-
9 · Other employee benefits
total $720,556 · program services $597,790 · management and general $96,678 · fundraising $26,088
-
10 · Payroll taxes
total $329,256 · program services $255,651 · management and general $62,329 · fundraising $11,276
-
11b · Fees: legal
total $8,756 · management and general $8,756
-
11c · Fees: accounting
total $32,781 · management and general $32,781
-
11f · Fees: investment management
total $18,331 · management and general $18,331
-
11g · Fees: other
total $40,618 · management and general $40,618
-
13 · Office expenses
total $209,751 · management and general $209,751
-
14 · Information technology
total $103,423 · management and general $103,423
-
16 · Occupancy
total $447,343 · program services $447,343
-
20 · Interest
total $50,138 · management and general $50,138
-
22 · Depreciation, depletion and amortization
total $589,444 · program services $534,200 · management and general $55,244
-
23 · Insurance
total $82,797 · management and general $82,797
-
24a · Other expenses: TRANSPORTATION
total $324,306 · program services $324,306
-
24b · Other expenses: INTERNATIONAL PROGRAM
total $253,089 · program services $253,089
-
24c · Other expenses: DEPARTMENT & STUDENT ACT.
total $202,351 · program services $202,351
-
24d · Other expenses: FOOD SERVICE
total $190,440 · program services $190,440
-
24e · All other expenses
total $232,689 · program services $185,072 · fundraising $47,617
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year -$81,260 · end of year -$257,930
-
2 · Savings and temporary cash investments
beginning of year $1,985,359 · end of year $1,359,851
-
3 · Pledges and grants receivable
beginning of year $13,750 · end of year $1,250
-
4 · Accounts receivable
beginning of year $266,611 · end of year $3,701,533
-
8 · Inventories for sale or use
beginning of year $7,316 · end of year $8,654
-
9 · Prepaid expenses and deferred charges
beginning of year $121,845 · end of year $187,392
-
10a · Land, buildings and equipment: cost or other basis
$16,069,848
-
10b · Land, buildings and equipment: accumulated depreciation
$11,085,284
-
10c · Land, buildings and equipment, net
beginning of year $5,469,868 · end of year $4,984,564
-
11 · Investments: publicly traded securities
beginning of year $7,850,127 · end of year $8,518,344
-
12 · Investments: other securities
beginning of year $35,320 · end of year $40,388
-
15 · Other assets
beginning of year $2,529,500 · end of year $2,521,699
-
17 · Accounts payable and accrued expenses
beginning of year $663,409 · end of year $501,619
-
19 · Deferred revenue
beginning of year $1,844,383 · end of year $5,192,072
-
20 · Tax-exempt bond liabilities
beginning of year $1,602,510 · end of year $1,466,931
-
25 · Other liabilities
beginning of year $2,481,153 · end of year $2,477,708
-
27 · Net assets without donor restrictions
beginning of year $4,474,839 · end of year $3,786,867
-
28 · Net assets with donor restrictions
beginning of year $7,132,142 · end of year $7,640,548
Mission and programs · 2024
Mission
INSPIRING LIFELONG LEARNERS TO EMBRACE CHALLENGE AND CREATE POSITIVE CHANGE
-
MARSHALL SCHOOL IS A PRIVATE INDEPENDENT COLLEGE PREPARATORY SCHOOL IN DULUTH, MINNESOTA, EDUCATING STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE. IN ADDITION TO SERVING LEARNERS FROM THROUGHOUT THE REGION, WE OFFER A COMPLETE INTERNATIONAL BOARDING PROGRAM FOR STUDENTS FROM AROUND THE WORLD. ENROLLMENT DURING 2024/2025 SCHOOL YEAR WAS 433.
Expenses $9,882,619 · Grants $3,098,776 · Revenue $9,947,081
As filed on the 2024 return.
Listed in Part VII
-
Nels OjardNELS OJARD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Laura MullenLAURA MULLEN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Joe FifieldJOE FIFIELD
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
David PollardDAVID POLLARD
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Regina SeabrookREGINA SEABROOK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Brad RodenBRAD RODEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Erin DunganERIN DUNGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Julie PierceJULIE PIERCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Tracy MortonTRACY MORTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Alina HeydtALINA HEYDT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Wendy ReedWENDY REED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jeremy YoudeJEREMY YOUDE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Andrea SchokkerANDREA SCHOKKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Anthony PisapiaANTHONY PISAPIA
HEAD OF SCHO
- Total calculated
- $172,571
- From this org
- $125,399
- From related orgs
- $0
- Other
- $47,172
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $125,399
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,270
- Nontaxable benefits
- $40,902
- Filer's total
- $172,571
-
Melissa HeroldMELISSA HEROLD
CFO
- Total calculated
- $141,496
- From this org
- $125,312
- From related orgs
- $0
- Other
- $16,184
- Hours/week
- 40
-
Karen SnyderKAREN SNYDER
MIDDLE SCHOO
- Total calculated
- $133,131
- From this org
- $113,381
- From related orgs
- $0
- Other
- $19,750
- Hours/week
- 40
-
Heather FishelHEATHER FISHEL
UPPER SCHOOL
- Total calculated
- $118,864
- From this org
- $105,309
- From related orgs
- $0
- Other
- $13,555
- Hours/week
- 40
-
Derek PerkinsDEREK PERKINS
DIR. OF ENRO
- Total calculated
- $112,453
- From this org
- $100,728
- From related orgs
- $0
- Other
- $11,725
- Hours/week
- 40
-
Margaret PierceMARGARET PIERCE
DFO
- Total calculated
- $0
- 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
- 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
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
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
- 2024
- Filed
- 10 February 2026
- IRS schema version
- 2024v5.0
- Source object
- 202630429349300528
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