Civic Intelligence

Oldfields School Inc.

990 • Fiscal year 2024 • EIN 52-0591645

Jul 01, 2023 to Jun 30, 2024 • Filed on May 02, 2025

Organization ProfileOLDFIELDSSCHOOL.ORG

View Organization Page

1500 Glencoe RoadSparks Glencoe, MD 21152

(410) 472-4800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.12x

Higher debt load relative to assets than 43% of similar nonprofits.

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

Liabilities / Revenue

73rd percentile

0.62x

Higher debt load relative to revenue than 73% of similar nonprofits.

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

Net Margin

5th percentile

-60%

Higher net margin than 5% of similar nonprofits.

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

Top Officer Pay

21st percentile

$94,971

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

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

Asset Growth

13th percentile

-6.6%

Faster asset growth than 13% of similar nonprofits.

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

Revenue Growth

4th percentile

-53%

Faster revenue growth than 4% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$16,494,460

Down $1,165,275 (-6.6%) from 2023

Net Assets

Down

$14,529,400

Down $1,599,689 (-9.9%) from 2023

Liabilities

Up

$1,965,060

Up $434,414 (+28%) from 2023

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin5th percentile

Revenue

Down

$3,175,364

Down $3,631,132 (-53%) from 2023

Expenses

Down

$5,082,901

Down $5,283,966 (-51%) from 2023

Net Income

Up

-$1,907,537

Up $1,652,834 (+46%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $23,074,741Liabilities 2011: $4,374,069Net Assets 2011: $18,700,6722011Assets 2012: $22,473,595Liabilities 2012: $4,891,270Net Assets 2012: $17,582,3252012Assets 2013: $22,588,555Liabilities 2013: $4,852,397Net Assets 2013: $17,736,1582013Assets 2014: $24,244,721Liabilities 2014: $4,824,509Net Assets 2014: $19,420,2122014Assets 2015: $25,079,502Liabilities 2015: $4,668,071Net Assets 2015: $20,411,4312015Assets 2016: $24,993,227Liabilities 2016: $4,538,376Net Assets 2016: $20,454,8512016Assets 2017: $26,554,241Liabilities 2017: $4,585,045Net Assets 2017: $21,969,1962017Assets 2018: $28,600,539Liabilities 2018: $4,323,896Net Assets 2018: $24,276,6432018Assets 2019: $26,422,297Liabilities 2019: $4,384,369Net Assets 2019: $22,037,9282019Assets 2020: $28,093,754Liabilities 2020: $3,127,639Net Assets 2020: $24,966,1152020Assets 2021: $26,456,281Liabilities 2021: $3,010,794Net Assets 2021: $23,445,4872021Assets 2022: $22,471,611Liabilities 2022: $2,681,625Net Assets 2022: $19,789,9862022Assets 2023: $17,659,735Liabilities 2023: $1,530,646Net Assets 2023: $16,129,0892023Assets 2024: $16,494,460Liabilities 2024: $1,965,060Net Assets 2024: $14,529,4002024

Highlighted filing

2024

Assets$16,494,460
Liabilities$1,965,060
Net Assets$14,529,400
Open 2024 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $8,655,003Expenses 2011: $8,591,403Net Income 2011: $63,6002011Expenses 2012: $9,638,6112012Expenses 2013: $10,577,2172013Revenue 2014: $10,642,638Expenses 2014: $9,763,849Net Income 2014: $878,7892014Revenue 2015: $11,013,585Expenses 2015: $10,145,609Net Income 2015: $867,9762015Revenue 2016: $10,767,760Expenses 2016: $10,378,233Net Income 2016: $389,5272016Revenue 2017: $10,948,989Expenses 2017: $10,321,265Net Income 2017: $627,7242017Revenue 2018: $11,821,892Expenses 2018: $9,675,564Net Income 2018: $2,146,3282018Revenue 2019: $7,949,484Expenses 2019: $10,223,268Net Income 2019: -$2,273,7842019Revenue 2020: $13,175,635Expenses 2020: $9,852,853Net Income 2020: $3,322,7822020Revenue 2021: $7,846,599Expenses 2021: $9,307,029Net Income 2021: -$1,460,4302021Revenue 2022: $7,831,863Expenses 2022: $10,100,362Net Income 2022: -$2,268,4992022Revenue 2023: $6,806,496Expenses 2023: $10,366,867Net Income 2023: -$3,560,3712023Revenue 2024: $3,175,364Expenses 2024: $5,082,901Net Income 2024: -$1,907,5372024

Highlighted filing

2024

Revenue$3,175,364
Expenses$5,082,901
Net Income-$1,907,537
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 2, 2025
Return Version
2023v6.0
Gross Receipts
$4,420,416
Mission and Program Overview

Mission

Oldfields school's mission is to embrace each student's authentic self, educate through collaboration, empower the individual voice, and inspire confidence and continual growth, leading to a life of purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,324,117$9,256,350▼ $2,067,767
Investments Other Securities$773,712$2,829,301▲ $2,055,589
Savings and Temporary Cash Investments$1,858,552$1,881,255▲ $22,703
Pledges and Grants Receivable$1,750,427$900,000▼ $850,427
Investments in Publicly Traded Securities$763,782$867,952▲ $104,170
Cash and Non-Interest-Bearing Accounts$646,224$231,080▼ $415,144
Inventories for Sale or Use$37,387$47,867▲ $10,480
Accounts Receivable$6,457$12,483▲ $6,026
Prepaid Expenses and Deferred Charges$83,856$7,487▼ $76,369
Total Assets$17,659,735$16,494,460▼ $1,165,275
Other Assets Total$415,221$460,685▲ $45,464
Liabilities
Mortgage Notes Payable Secured by Investment Property$756,393$1,714,646▲ $958,253
Accounts Payable and Accrued Expenses$724,853$174,111▼ $550,742
Deferred Revenue$9,000$54,458▲ $45,458
Other Liabilities$40,400$21,845▼ $18,555
Total Liabilities$1,530,646$1,965,060▲ $434,414
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,320,471$8,700,573▼ $1,619,898
Net Assets With Donor Restrictions$5,808,618$5,828,827▲ $20,209
Total Net Assets Fund Balance$16,129,089$14,529,400▼ $1,599,689
Total Liabilities and Net Assets / Fund Balance$17,659,735$16,494,460▼ $1,165,275

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,534,153$15,990,556$24,524,709
Equipment$142,305$2,073,603$2,215,908
Other Land Buildings$435,344$819,833$1,255,177
Land$144,548-$144,548
Other Securities$1,773,338--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$3,471,952$800,000▲ $325,356$648,845$3,948,463
2022$6,425,279-▲ $209,218$3,162,545$3,471,952
2021$8,306,292$2,091,680▼ $897,030$3,075,663$6,425,279
2020$8,515,239$5,870▲ $1,305,068$1,519,885$8,306,292
2019$9,061,794$1,244,500▲ $190,437$1,981,492$8,515,239
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeremy MyersDirector of FinanceFT$94,096$875$94,971
Ansley SmithwickHead of SchoolFT$72,346$614$72,960

Board Members and Trustees

NameTitle
DR BARBARA BAISLEY '88Co-chair
Taylor SmithCo-chair
Dougie Simmons ChristofersonVice Chair
ANGELICA JACKSON '09Trustee
Alex LeventhalTrustee
BLY BEACH HARTLEY '79Trustee
CASEY PINKARD '07Trustee
JOCELYN GRANTHAM WHITTINGTON '96Trustee
JULIA COOTER COOK '82Trustee
KRISTEN JOHNSON '10Trustee
SHANNON ROSE '99Trustee
TOM BERNIER P'16Trustee
Elizabeth HansonInterim Chief Financial Officer
AMANDA GEARY LOSACCO '11Secretary
Christopher SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,500,991
Program Service Revenue
$686,005
Investment Income
$-111,617
Other Revenue
$99,985
All Other Contributions
$2,500,991
Change in Net Assets
$-1,907,537

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$258,095Fair Market Value
Total Noncash Contributions12$258,095-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,979,056
Revenue Not Reported on Financial Statements
$196,308
Revenue Not Reported on Form 990
$307,848
Other Revenue Adjustments
$189,717
Total Revenue per Audited Statements
$3,286,904
Total Revenue per Form 990
$3,175,364
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,042,898
Salaries, Compensation, and Employee Benefits$1,773,122
Grants and Similar Amounts Paid$189,717
Total Fundraising Expense$187,570
Professional Fundraising Fees$77,164

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$816,776$285,298$48,316$1,150,390
Depreciation Depletion$1,033,724$108,513-$1,142,237
Occupancy$433,290--$433,290
Fees for Services Other$332,810$39,336-$372,146
Insurance-$356,674-$356,674
Current Officers, Directors, Trustees, and Key Employees$236,475$82,600$13,988$333,063
Grants to Domestic Individuals$189,717--$189,717
Other Employee Benefits$102,519$35,812$6,065$144,396
Information Technology$51,138$90,381-$141,519
Payroll Taxes$80,754$28,210$4,777$113,741
Advertising-$82,070-$82,070
Fees for Services Professional Fundraising--$77,164$77,164
Interest-$50,521-$50,521
Office Expenses$9,000$41,240-$50,240
Travel$295$37,403-$37,698
Fees for Services Accounting-$36,511-$36,511
All Other Expenses$15,503$20,477-$35,980
Pension Plan Contributions$22,387$7,821$1,324$31,532
Other Expenses$15,501$0$0$15,501
Fees for Services Legal-$12,838-$12,838
Fees for Service Investment Mgmnt Fees-$6,591-$6,591
Total Functional Expenses$3,573,035$1,322,296$187,570$5,082,901

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,082,901
Expenses per Audited Statements$4,886,593
Total Expenses per Audited Statements$4,886,593
Expenses Not Reported on Financial Statements$196,308
Other Expense Adjustments$189,717
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$14,102

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
Central America and the CaribbeanProgram ServicesStudent Recruitment00$7,057
East Asia and the PacificStudent RecruitmentStudent Recruitment00$4,261
Europe (including Iceland & Greenland)Program ServicesStudent Recruitment00$2,784
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$77,164
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$21,845
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization does not keep minutes for committees with authority to act on behalf of the governing body. Minutes are only documented for meetings of the governing body.”

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

“The head of school and chief financial officer perform the initial review. After their approval, the 990 is reviewed and approved by the finance committee and is presented to the full board of trustees prior to filing.”

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

“In accordance with nais standards, all trustees and key employees are required to sign a conflict of interest statement annually. The administrative assistant to the head of the school sends all trustees a copy of the conflict of interest statement via email to sign at the beginning of each fiscal year. The statements are filed by the head's administrator and are kept on file and up to date.”

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

“The compensation for the head of the school is determined by the board of trustees heads committee. The committee uses aims summary reports of compensation as a guideline for setting compensation. Compensation of other officers and key employees is determined by review of comparable salaries at peer schools and market reports. The head of school reviews and approves these.”

Form 990, Part VI, Section C, Line 19

“The school makes available its governing documents, conflict of interest policy, and financial statements upon request.”

Filing and Contact Details

Filer

Filer Name
Oldfields School Inc
EIN
52-0591645
Phone
4104724800
Address
1500 GLENCOE ROAD, SPARKS GLENCOE, MD 21152

Signing Officer

Name
Chris Smith
Title
Treasurer
Phone
4104724800
Signed
2025-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Smith
Formed
1926
Legal Domicile
Md
Voting Board Members
14
Independent Board Members
14
Employees
83
Volunteers
14

Preparer

Firm
Sc&h Group Inc
Address
910 RIDGEBROOK ROAD, SPARKS, MD 21152
Preparer
Ashley Zumbrun
Phone
4104031500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in discount to unconditional promises to give 51,238.”

Financial Statement Notes

PART II, LINE 5:

“In 2004, a forest stewardship plan was prepared for maryland grid 907 x 628; tax map 28 parcel 195 in baltimore county. This plan outlines recommendations based on the goals to preserve the natural habitat and resources present. The plan provides management unit descriptions and recommended practices, general property-wide recommendations, cost-share and tax assistance program analysis, and a management practice schedule.”

PART II, LINE 9:

“The easement is monitored, inspected, and enforced by the grounds maintenance contractor of the school. The costs of performing these activities are not separately tracked, but rather, are included in the general service contract.”

PART V, LINE 4:

“The school uses the endowment funds as support for operating expenses that are necessary to fulfill the school's exempt purpose. The endowment funds are invested under the school's investment policy to comply with the state of maryland uniform prudent management of institutional funds act. The board appropriates the earnings of the endowment funds for expenditure to support donor stipulated purposes.”

PART X, LINE 2:

“Asc 740, income taxes, prescribes the recognition and measurement of a tax position taken or expected to be taken in a tax return. It also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. The school recognizes interest and penalties accrued on any unrecognized tax exposures as a component of income tax expense. The school is required to file informational returns in various jurisdictions; however there are currently no audits in progress. The school does not have any amounts accrued relating to interest and penalties as of june 30, 2024 and 2023.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in discount to unconditional promises to give 51,238.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid recorded as a reduction of revenue 189,717.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid recorded as a reduction of revenue 189,717.”

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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/ActivityOrMissionDesc0OLDFIELDS SCHOOL'S MISSION IS TO EMBRACE EACH STUDENT'S AUTHENTIC SELF, EDUCATE THROUGH COLLABORATION, EMPOWER THE INDIVIDUAL VOICE, AND INSPIRE CONFIDENCE AND CONTINUAL GROWTH, LEADING TO A LIFE OF PURPOSE.
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IRS990/Form990PartVIISectionAGrp/PersonNm5TOM BERNIER P'16
IRS990/Form990PartVIISectionAGrp/PersonNm6JULIA COOTER COOK '82
IRS990/Form990PartVIISectionAGrp/PersonNm7BLY BEACH HARTLEY '79
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IRS990/Form990PartVIISectionAGrp/PersonNm9KRISTEN JOHNSON '10
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IRS990/Form990PartVIISectionAGrp/PersonNm15ELIZABETH HANSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt15INTERIM CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF FINANCE
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OLDFIELDS SCHOOL'S MISSION IS TO EMBRACE EACH STUDENT'S AUTHENTIC SELF, EDUCATE THROUGH COLLABORATION, EMPOWER THE INDIVIDUAL VOICE, AND INSPIRE CONFIDENCE AND CONTINUAL GROWTH, LEADING TO A LIFE OF PURPOSE.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt09000
IRS990/OfficeExpensesGrp/TotalAmt050240
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
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IRS990/ReportInvestmentsOtherSecInd01

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,494,460
Liabilities
$1,965,060
Net assets
$14,529,400
Revenue
$3,175,364
Expenses
$5,082,901
Net income
-$1,907,537
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.5$1.97$14.5$3.18$5.08$1.91
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.7$1.53$16.1$6.81$10.4$3.56
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.5$2.68$19.8$7.83$10.1$2.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.5$3.01$23.4$7.85$9.31$1.46
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.1$3.13$25.0$13.2$9.85$3.32
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.4$4.38$22.0$7.95$10.2$2.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.6$4.32$24.3$11.8$9.68$2.15
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.6$4.59$22.0$10.9$10.3$0.63
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.0$4.54$20.5$10.8$10.4$0.39
2015Detailed filing. Detailed filing data is available for this year.$25.1$4.67$20.4$11.0$10.1$0.87
2014Detailed filing. Detailed filing data is available for this year.$24.2$4.82$19.4$10.6$9.76$0.88
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.6$4.85$17.7$10.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.5$4.89$17.6$9.64
2011Summary only. Only limited summary data is available for this year.$23.1$4.37$18.7$8.66$8.59$0.06