Gilman School
Legal name: Gilman School Incorporated
Nonprofit profile at a glance
- EIN
- 520591604
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Baltimore, Maryland, United States
- Phone
- 410-323-3800
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $80,229,292
- Expenses
- $52,944,583
- Assets
- $304,425,654
- Liabilities
- $42,831,220
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
46 people listed
Executive titles in this filing
- ANDREW M BROOKS (PRESIDENT)
- MITCHELL D WHITEMAN (VICE PRESIDENT)
- KARLO G YOUNG (VICE PRESIDENT)
Highest reported compensation
- HENRY P A SMYTH (HEAD OF SCHOOL): $916,980 total reported compensation
- SEAN FURLONG (DIRECTOR OF FINANCE): $356,420 total reported compensation
- PETER KWITEROVICH (ASST HEAD OF SCHOOL): $288,144 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Gilman School is an independent, college-preparatory day school for boys in grades K–12, dedicated to developing the whole boy through academic excellence, character education, and a supportive community.
What it reported doing in 2024
Providing education for approximately 1,000 students of the lower, middle and upper grades (pre-k through 12).
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 81% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 44
- Transparency & Controls: 70
- Accountability: 95
- Sustainability: 81
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 28.6%; rating input score 29
- Program expense ratio: 72.6%; rating input score 73
- Fundraising efficiency: $6.77 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th 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; 77th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 34%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 5.75; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 4.6%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: 3.1% per year; rating input score 100; 22nd percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 4.3% per year; rating input score 100; 30th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 28.6% of revenue deployed · 72.6% of spending went to programs
- Governance: 35 of 35 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $38.5M in reported program spending
- Leadership: top reported pay $917K · 46 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.5M reported
- Consistency: 36 of 36 current checks pass
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- High — Financial Efficiency: Mission deployment rate scored 29/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 20/100.