Calvert County Day School Inc T/a the Calverton School

Nonprofit profile at a glance

EIN
520853724
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Huntingtown, MD, USA
Phone
4105350216
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Elementary, Secondary Education, K - 12

Official website

Reported finances

Revenue
$8,745,082
Expenses
$8,419,549
Assets
$11,562,494
Liabilities
$5,439,678

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • DANIELLE LICO (PRESIDENT, TREASURER)
  • KERRI MALONEY (VICE PRESIDENT)

Highest reported compensation

  • JANICE BUNCH (DIRECTOR OF FINANCE/CFO): $100,681 total reported compensation
  • ADRIENNE FORGETTE (HEAD OF SCHOOL): $99,390 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fostering a culture of respect, high expectations, and shared experiences, the calverton school instills in students intellectual curiosity, personal responsibility, and a strong work ethic to prepare them for higher education and responsible citizenship in a democratic and global community

What it reported doing in 2024

Instructionthe calverton school is a coeducational college preparatory day school for students in preschool through grade 12. The campus occupies 153 acres with science and art labs, a black box theater, expansive playing fields, four residential houses, nature trails, forests, streams and marshland, located between the patuxent river and the chesapeake bay. Within our faculty, staff and administrators, the majority hold advanced degrees. Our average class size is 14 and student/teacher ratio is 7:1. Over the past ten years, 98% of our graduates matriculated to four year baccalaureate granting institutions. Our rigorous academic program includes eighteeninternational baccalaureate program courses. There are ten athletic sports with teams at different competitive and developmental levels for our middle and upper school students. The school offers international baacalaureate programs in upper school and runs a small residential boarding program for international students. Technology includes wireless computing on campus, smartboards, ipads for lower school students in kindergarten, 1st-3rd grades and laptops for students in 4th and 5th grade. Students in 6th-12th grades bring their own devices.calverton offers need based financial assistance and merit-basedscholarships.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 48
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.6%; rating input score 77
  • Program expense ratio: 81.4%; rating input score 81
  • Fundraising efficiency: $8.38 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.7%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 1.37; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0.47; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 2.4%; rating input score 73; 73rd percentile among comparable filings

Growth

  • Program expense growth: -1.6% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: 0.5% per year; rating input score 100; 13th percentile among comparable filings
  • Asset growth: -2.9% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 76.6% of revenue deployed · 81.4% of spending went to programs
  • Governance: 12 of 12 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $6.9M in reported program spending
  • Leadership: top reported pay $101K · 14 people listed
  • Highest-paid contractors: 2 contractors listed · $315K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 47/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.