Civic Intelligence

Maumee Valley Country Day School

EIN 34-4431301 • 501(c)3 • Toledo, OH

Profile

Enable students to become enlightened, compassionate, and contributing citizens of our global community, while preparing graduates for their best opportunities in higher education.

1715 S Reynolds RdToledo, OH 43614

mvcds.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.70x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.48x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

38th percentile

0.5%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$304,667

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

15th percentile

-6.4%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

4.5%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$11,553,159

Down $1,649,864 (-12%) from 2021

Liabilities

Up

$8,048,238

Up $508,910 (+6.8%) from 2021

Net Assets

Down

$3,504,921

Down $2,158,774 (-38%) from 2021

Revenue

Down

$14,855,715

Down $1,653,467 (-10%) from 2021

Expenses

Up

$16,274,386

Up $762,476 (+4.9%) from 2021

Net Income

Down

-$1,418,671

Down $2,415,943 (-242%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2012: $21,734,095Liabilities 2012: $8,503,930Net Assets 2012: $13,230,1652012Assets 2013: $21,115,009Liabilities 2013: $7,944,009Net Assets 2013: $13,171,0002013Assets 2014: $20,114,161Liabilities 2014: $8,248,103Net Assets 2014: $11,866,0582014Assets 2015: $18,300,808Liabilities 2015: $8,351,351Net Assets 2015: $9,949,4572015Assets 2016: $16,544,626Liabilities 2016: $8,435,255Net Assets 2016: $8,109,3712016Assets 2017: $15,861,664Liabilities 2017: $8,865,430Net Assets 2017: $6,996,2342017Assets 2018: $14,987,902Liabilities 2018: $9,590,873Net Assets 2018: $5,397,0292018Assets 2020: $12,782,081Liabilities 2020: $9,661,398Net Assets 2020: $3,120,6832020Assets 2021: $13,203,023Liabilities 2021: $7,539,328Net Assets 2021: $5,663,6952021Assets 2022: $11,553,159Liabilities 2022: $8,048,238Net Assets 2022: $3,504,9212022

Highlighted filing

2022

Assets$11,553,159
Liabilities$8,048,238
Net Assets$3,504,921

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2012: $11,136,6522012Expenses 2013: $11,870,8572013Revenue 2014: $10,851,431Expenses 2014: $12,361,750Net Income 2014: -$1,510,3192014Revenue 2015: $11,251,963Expenses 2015: $12,896,012Net Income 2015: -$1,644,0492015Revenue 2016: $11,971,422Expenses 2016: $13,666,855Net Income 2016: -$1,695,4332016Revenue 2017: $12,895,815Expenses 2017: $14,342,394Net Income 2017: -$1,446,5792017Revenue 2018: $14,186,877Expenses 2018: $16,031,506Net Income 2018: -$1,844,6292018Revenue 2020: $15,512,286Expenses 2020: $16,501,234Net Income 2020: -$988,9482020Revenue 2021: $16,509,182Expenses 2021: $15,511,910Net Income 2021: $997,2722021Revenue 2022: $14,855,715Expenses 2022: $16,274,386Net Income 2022: -$1,418,6712022

Highlighted filing

2022

Revenue$14,855,715
Expenses$16,274,386
Net Income-$1,418,671

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 7, 2023
Return Version
2020v4.2
Gross Receipts
$16,543,763
Mission and Program Overview

Mission

Enable students to become enlightened, compassionate, and contributing citizens of our global community, while preparing graduates for their best opportunities in higher education.

Enable students to become enlightened, compassionate and contributing citizens of our global community, while preparing graduates for their best opportunities in higher education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,773,225$6,194,122▼ $579,103
Investments in Publicly Traded Securities$3,394,298$4,840,416▲ $1,446,118
Investments Other Securities$734,651$343,131▼ $391,520
Savings and Temporary Cash Investments$72,959$311,044▲ $238,085
Cash and Non-Interest-Bearing Accounts$352,193$292,196▼ $59,997
Pledges and Grants Receivable$280,788$75,045▼ $205,743
Accounts Receivable$128,983$64,381▼ $64,602
Prepaid Expenses and Deferred Charges$54,555$33,934▼ $20,621
Investments Program Related-$23,699-
Inventories for Sale or Use$7,005$7,005→ $0
Total Assets$12,782,081$13,203,023▲ $420,942
Other Assets Total$983,424$1,018,050▲ $34,626
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,466,400$4,784,687▼ $1,681,713
Deferred Revenue$2,337,532$1,955,268▼ $382,264
Accounts Payable and Accrued Expenses$838,152$789,986▼ $48,166
Other Liabilities$19,314$9,387▼ $9,927
Total Liabilities$9,661,398$7,539,328▼ $2,122,070
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,250,574$5,469,327▲ $218,753
Net Assets Without Donor Restrictions$-2,129,891$194,368▲ $2,324,259
Total Net Assets Fund Balance$3,120,683$5,663,695▲ $2,543,012
Total Liabilities and Net Assets / Fund Balance$12,782,081$13,203,023▲ $420,942

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,776,668$20,090,888$25,867,556
Equipment$122,710$1,799,416$1,922,126
Other Land Buildings$190,744$221,323$412,067
Land$104,000-$104,000
Other Assets Org$941,817--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$3,796,171$0▲ $1,636,501-$5,183,547
2019$8,002,341$64,233▼ $53,977-$6,544,994
2018$8,458,515$143,973▲ $379,723-$8,002,341
2017$8,358,016$357▲ $663,631-$8,458,515
2016$5,295,303$2,627,208▲ $975,625$26,099$8,358,016
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynn CastoHead of SchoolFT$221,593$27,468$249,061
James KirtlandDirector of Finance & OperationsFT$122,543$20,183$142,726
Chris HolinskiDirector of AdvancementFT$110,565$18,073$128,638
Molly MacekHead of the Upper SchoolFT$103,644$5,150$108,794

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
David Joe Prince Dba Chef Joe's KitchenCatering1683 WESTERN AVE, Toledo, OH 43609$181,117
Advance Cleaning Contractors INCJanitorial ServicesPO BOX 375, Neapolis, OH 46547$163,418
Revenue and Support

Revenue Composition

Contributions and Grants
$3,127,270
Program Service Revenue
$13,019,057
Investment Income
$112,886
Other Revenue
$249,969
All Other Contributions
$751,481
Change in Net Assets
$997,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,902,131
Grants and Similar Amounts Paid$4,577,373
Other Expenses$3,032,406
Total Fundraising Expense$427,928
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,923,453$1,390,238$207,737$5,521,428
Grants to Domestic Individuals$4,577,373--$4,577,373
Other Employee Benefits$1,026,216$363,630$54,336$1,444,182
Depreciation Depletion$556,072$197,039$29,442$782,553
Occupancy$392,665$139,137$20,791$552,593
Current Officers, Directors, Trustees, and Key Employees$278,399$98,647$14,741$391,787
Payroll Taxes$230,745$81,763$12,217$324,725
All Other Expenses$106,736$103,171$43,385$253,292
Pension Plan Contributions$156,335$55,396$8,278$220,009
Information Technology$148,039$52,456$7,839$208,334
Interest$146,894$52,050$7,778$206,722
Advertising$99,762$35,350$5,282$140,394
Fees for Services Other$90,529$32,078$4,793$127,400
Other Expenses$58,861$34,182-$93,043
Fees for Services Accounting$40,468$14,339$2,143$56,950
Office Expenses-$46,126$9,166$55,292
Fees for Service Investment Mgmnt Fees-$20,989-$20,989
Total Functional Expenses$12,260,475$2,823,507$427,928$15,511,910
International Activity

International Summary

Offices
0
Employees
0
Spending
$20,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificContributions-00$20,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$204,692
Fundraising Direct Expenses$34,581
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$204,692$204,692$25,549$179,143
Total Events$204,692$204,692$34,581$170,111
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity Due$9,387
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the director of finance and the head of the school. The return is then presented to the finance committee. The entire board is then informed that that 990 is available for their review, if requested.

Form 990, Part VI, Section B, Line 12C

The policy is reviewed annually at the meeting of all trustees and officers.

Form 990, Part VI, Section B, Line 15A

For the head of school, there is a board committee that evaluates and determines compensation. Comparable data from the national association of independent school is used when determining compensation.

Form 990, Part VI, Section C, Line 19

Maumee valley country day school makes available the governing documents, conflict of interest policy, and financial statements to the public upon request. All donors, as well as students, alumnae and family or alumnae, receive an annual fund report yearly.

Filing and Contact Details

Filer

Filer Name
Maumee Valley Country Day School
EIN
34-4431301
Phone
4193811313
Address
1715 S REYNOLDS RD, TOLEDO, OH 43614

Signing Officer

Name
Lynn Casto
Title
Head of School
Phone
4193811313
Signed
2023-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynn Casto
Formed
1884
Legal Domicile
Oh
Voting Board Members
17
Independent Board Members
17
Employees
177
Volunteers
100

Preparer

Firm
Clark Schaefer Hackett & Co
Address
1 EAST 4TH STREET, CINCINNATI, OH 45202
Preparer
Natosha Carr
Phone
5132413111
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Restatement in prior year net assets 240,930.

FORM 990, PART XII, LINE 2C:

No changes in oversight process from prior year.

Financial Statement Notes

PART V, LINE 4:

The earnings on endowment funds are used for various operations of the maumee valley country day school, including distributions for financial aid, faculty development, fine ares, maintenance and general operations. The end use of the funds distributed is determined based on the donor's restrictions.

PART X, LINE 2:

The school is a not-for-profit entity exempt from federal income taxes under provisions of section 501(c)(3) of the internal revenue code. The school's income tax filings are subject to audit by various taxing authorities. The school's policy with regards to interest and penalties is to recognize interest through interest expense and penalties through other expense. In evaluating the school's tax provision and tax-exempt status, interpretations and tax planning strategies were considered. The school believes its estimates are appropriate based on the current facts and circumstances. The school does not have unrelated activities which would cause it to incur unrelated business income taxes.

PART V, LINE 1A:

Due to a change in reporting beginning with fiscal year ending 6/30/2021, the beginning of year balance in the endowment fund has been update to reflect only the maumee valley country day schools' portion of the endowment holdings as of 7/1/2020.

Raw XML AppendixShowing 400 of 735 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0ENABLE STUDENTS TO BECOME ENLIGHTENED, COMPASSIONATE AND CONTRIBUTING CITIZENS OF OUR GLOBAL COMMUNITY, WHILE PREPARING GRADUATES FOR THEIR BEST OPPORTUNITIES IN HIGHER EDUCATION.
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