Civic Intelligence

Glenelg Country School Inc

EIN 52-0674564 • 501(c)3 • Ellicott City, MD

View Organization Page

Profile

At Glenelg Country School, our mission is to cultivate a diverse community of learners who discover, contribute, thrive, and excel.

12793 Folly Quarter RoadEllicott City, MD 21042

www.glenelg.org

Siviq Scores

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

Liabilities / Assets

61st percentile

0.33x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.42x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

54th percentile

6.0%

Higher net margin than 54% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

77th percentile

$424,593

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

60th percentile

7.9%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

53rd percentile

8.9%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$39,059,948

Up $2,859,513 (+7.9%) from 2024

Liabilities

Up

$13,035,325

Up $428,952 (+3.4%) from 2024

Net Assets

Up

$26,024,623

Up $2,430,561 (+10%) from 2024

Operations
Liabilities / Revenue62nd percentileNet Margin54th percentile

Revenue

Up

$30,787,360

Up $2,518,735 (+8.9%) from 2024

Expenses

Up

$28,948,316

Up $1,422,693 (+5.2%) from 2024

Net Income

Up

$1,839,044

Up $1,096,042 (+148%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth60th percentile

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

$40M$30M$20M$10M$0Assets 2010: $31,346,266Liabilities 2010: $18,294,356Net Assets 2010: $13,051,9102010Assets 2011: $32,267,616Liabilities 2011: $12,168,247Net Assets 2011: $20,099,3692011Assets 2012: $32,843,136Liabilities 2012: $12,265,272Net Assets 2012: $20,577,8642012Assets 2013: $34,950,512Liabilities 2013: $11,867,374Net Assets 2013: $23,083,1382013Assets 2014: $34,167,991Liabilities 2014: $11,307,204Net Assets 2014: $22,860,7872014Assets 2015: $34,000,782Liabilities 2015: $11,000,878Net Assets 2015: $22,999,9042015Assets 2016: $33,439,581Liabilities 2016: $11,008,798Net Assets 2016: $22,430,7832016Assets 2017: $33,811,085Liabilities 2017: $11,039,065Net Assets 2017: $22,772,0202017Assets 2018: $35,749,005Liabilities 2018: $13,006,728Net Assets 2018: $22,742,2772018Assets 2019: $34,565,401Liabilities 2019: $12,605,809Net Assets 2019: $21,959,5922019Assets 2020: $33,598,793Liabilities 2020: $14,189,359Net Assets 2020: $19,409,4342020Assets 2021: $34,425,759Liabilities 2021: $14,694,161Net Assets 2021: $19,731,5982021Assets 2022: $33,934,988Liabilities 2022: $12,184,840Net Assets 2022: $21,750,1482022Assets 2023: $34,970,327Liabilities 2023: $12,641,493Net Assets 2023: $22,328,8342023Assets 2024: $36,200,435Liabilities 2024: $12,606,373Net Assets 2024: $23,594,0622024Assets 2025: $39,059,948Liabilities 2025: $13,035,325Net Assets 2025: $26,024,6232025

Highlighted filing

2025

Assets$39,059,948
Liabilities$13,035,325
Net Assets$26,024,623
Open 2025 Filing

Operations Trend

Revenue Growth53rd percentile

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $19,306,2982010Expenses 2011: $20,274,7602011Expenses 2012: $19,896,8382012Expenses 2013: $20,104,6932013Revenue 2014: $20,181,326Expenses 2014: $20,540,433Net Income 2014: -$359,1072014Revenue 2015: $21,405,260Expenses 2015: $21,197,507Net Income 2015: $207,7532015Revenue 2016: $22,367,495Expenses 2016: $21,274,366Net Income 2016: $1,093,1292016Revenue 2017: $21,853,596Expenses 2017: $21,699,713Net Income 2017: $153,8832017Revenue 2018: $22,756,752Expenses 2018: $22,820,392Net Income 2018: -$63,6402018Revenue 2019: $23,220,255Expenses 2019: $24,129,317Net Income 2019: -$909,0622019Revenue 2020: $22,398,351Expenses 2020: $24,977,511Net Income 2020: -$2,579,1602020Revenue 2021: $22,212,303Expenses 2021: $22,705,054Net Income 2021: -$492,7512021Revenue 2022: $27,524,281Expenses 2022: $24,847,671Net Income 2022: $2,676,6102022Revenue 2023: $26,146,554Expenses 2023: $26,047,650Net Income 2023: $98,9042023Revenue 2024: $28,268,625Expenses 2024: $27,525,623Net Income 2024: $743,0022024Revenue 2025: $30,787,360Expenses 2025: $28,948,316Net Income 2025: $1,839,0442025

Highlighted filing

2025

Revenue$30,787,360
Expenses$28,948,316
Net Income$1,839,044
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,059,948
Liabilities
$13,035,325
Net assets
$26,024,623
Revenue
$30,787,360
Expenses
$28,948,316
Net income
$1,839,044
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$39.1$13.0$26.0$30.8$28.9$1.84
2024Detailed filing. Detailed filing data is available for this year.$36.2$12.6$23.6$28.3$27.5$0.74
2023Detailed filing. Detailed filing data is available for this year.$35.0$12.6$22.3$26.1$26.0$0.10
2022Detailed filing. Detailed filing data is available for this year.$33.9$12.2$21.8$27.5$24.8$2.68
2021Detailed filing. Detailed filing data is available for this year.$34.4$14.7$19.7$22.2$22.7$0.49
2020Detailed filing. Detailed filing data is available for this year.$33.6$14.2$19.4$22.4$25.0$2.58
2019Detailed filing. Detailed filing data is available for this year.$34.6$12.6$22.0$23.2$24.1$0.91
2018Detailed filing. Detailed filing data is available for this year.$35.7$13.0$22.7$22.8$22.8$0.06
2017Detailed filing. Detailed filing data is available for this year.$33.8$11.0$22.8$21.9$21.7$0.15
2016Detailed filing. Detailed filing data is available for this year.$33.4$11.0$22.4$22.4$21.3$1.09
2015Detailed filing. Detailed filing data is available for this year.$34.0$11.0$23.0$21.4$21.2$0.21
2014Detailed filing. Detailed filing data is available for this year.$34.2$11.3$22.9$20.2$20.5$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.0$11.9$23.1$20.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.8$12.3$20.6$19.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.3$12.2$20.1$20.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.3$18.3$13.1$19.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 5, 2026
Return Version
2024v5.5
Gross Receipts
$30,915,187
Mission and Program Overview

Mission

At Glenelg Country School, our mission is to cultivate a diverse community of learners who discover, contribute, thrive, and excel.

To cultivate a diverse community of learners who discover, contribute, thrive, and excel.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,508,658$18,725,014▼ $783,644
Investments in Publicly Traded Securities$5,015,080$11,961,478▲ $6,946,398
Cash and Non-Interest-Bearing Accounts$11,113,466$7,549,172▼ $3,564,294
Prepaid Expenses and Deferred Charges$211,939$392,322▲ $180,383
Accounts Receivable$244,130$339,812▲ $95,682
Inventories for Sale or Use$107,162$92,150▼ $15,012
Total Assets$36,200,435$39,059,948▲ $2,859,513
Liabilities
Deferred Revenue$5,089,923$5,528,553▲ $438,630
Tax Exempt Bond Liabilities$5,585,570$5,276,954▼ $308,616
Accounts Payable and Accrued Expenses$1,930,880$2,229,818▲ $298,938
Total Liabilities$12,606,373$13,035,325▲ $428,952
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,719,882$20,679,475▲ $1,959,593
Net Assets With Donor Restrictions$4,874,180$5,345,148▲ $470,968
Total Net Assets Fund Balance$23,594,062$26,024,623▲ $2,430,561
Total Liabilities and Net Assets / Fund Balance$36,200,435$39,059,948▲ $2,859,513

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,987,137$32,311,049$42,298,186
Land$5,865,195-$5,865,195
Equipment$2,851,534$2,152,516$5,004,050
Other Land Buildings$21,148$1,453,243$1,474,391

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$4,284,096$909▲ $523,225-$4,808,230
2023$5,135,389$13,331▲ $541,609-$5,690,329
2022$4,738,431$25,107▲ $371,851-$5,135,389
2021$5,234,311$65,894▼ $561,774-$4,738,431
2020$4,187,813$235,549▲ $916,094$105,145$5,234,311
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matt WalshHead of SchoolFT$372,508$52,085$424,593
Kevin Boland SrHead of Middle SchoolFT$165,009$21,207$186,216
Carol GloydController/Interim CFOFT$159,458$7,599$167,057
William KoffelAssociate Head of SchoolFT$146,991$16,615$163,606
Brandon NeblettHead of Upper SchoolFT$132,978$27,248$160,226
Karen WoottonDirector of Admissions & Financial AidFT$123,199$21,060$144,259
Linda DennisonCFO (Until 7/2024)FT$134,668$6,425$141,093
John SchmidtDirector of Academic TechnologyFT$101,122$5,583$106,705
Damian GarciaCo-Director of College CounselingFT$100,072$3,598$103,670

Board Members and Trustees

NameTitle
Bradley SmithChair
Alison CeraVice-Chair
Anna WilliamsTrustee
David RowlettTrustee
Deane R EastwoodTrustee
Dr Sanaz SakianiTrustee
Lionel DesbordesTrustee
Luzmila RobinsonTrustee
Megan BrunoTrustee
Navin GhaffarianTrustee
Sarah Zaheer MDTrustee
Shivonne Laird PhD MPHTrustee
Tarun Saini DDSTrustee
Tyish Hall BrownTrustee
Angela QuigleySecretary
Candida LancasterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bowen's Bus ServiceTransportation ServicePO Box 62, Glenelg, MD 21737, Ca$355,040
City Wide of Central MarylandCustodial Services600 Fairmont Ave Suite 200, Towson, MD 21286$347,625
Cole Roofing Co IncConstruction3915 Coolidge Avenue, Baltimore, MD 21229$204,484
Baker Donaldson Bearman Caldwell & BeLegal100 Light Street, Baltimore, MD 21202$199,785
Fieldfurf USA IncMaintenance Services-$181,555
Revenue and Support

Revenue Composition

Contributions and Grants
$1,518,864
Program Service Revenue
$28,402,478
Investment Income
$665,478
Other Revenue
$200,540
All Other Contributions
$351,244
Change in Net Assets
$1,839,044

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,549,661
Revenue Not Reported on Financial Statements
$6,237,699
Revenue Not Reported on Form 990
$647,427
Other Revenue Adjustments
$6,224,885
Total Revenue per Audited Statements
$25,197,088
Total Revenue per Form 990
$30,787,360
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,778,048
Other Expenses$6,945,383
Grants and Similar Amounts Paid$6,224,885
Total Fundraising Expense$571,981
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,353,772$2,776,660$219,948$12,350,380
Grants to Domestic Individuals$6,224,885--$6,224,885
Depreciation Depletion$1,252,487$371,800$29,451$1,653,738
Other Employee Benefits$925,932$274,862$21,773$1,222,567
Fees for Services Other$676,353$363,506$14,564$1,054,423
Payroll Taxes$746,721$221,664$17,559$985,944
Office Expenses$833,262$92,436$25,261$950,959
Current Officers, Directors, Trustees, and Key Employees$695,353$206,415$16,351$918,119
All Other Expenses$184,907$163,995$70,410$419,312
Travel$395,091--$395,091
Occupancy$352,747$6,910$146$359,803
Pension Plan Contributions$227,997$67,680$5,361$301,038
Information Technology$194,886$49,402$3,413$247,701
Insurance$154,626$42,590$3,374$200,590
Advertising$25,362-$139,406$164,768
Fees for Services Legal$102,165$54,908$2,200$159,273
Other Expenses$141,696$59,370$2,764$141,696
Interest-$111,911-$111,911
Fees for Service Investment Mgmnt Fees-$12,814-$12,814
Total Functional Expenses$23,499,412$4,876,923$571,981$28,948,316

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$28,948,316
Total Expenses per Audited Statements$22,766,527
Expenses per Audited Statements$22,710,617
Expenses Not Reported on Financial Statements$6,237,699
Other Expense Adjustments$6,224,885
Expenses Not Reported on Form 990$55,910
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$76,801
Fundraising Direct Expenses$55,910
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dragon Prom$76,801$76,801$2,626$74,175
Total Events$76,801$76,801$55,910$20,891
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AHoward County Maryland Economic Development Revenue Bond2022-02-28$6,319,538Refinancing a portion of the cost of acquisition and construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$6,319,538---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
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
Yes
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 B, line 11B

“The School provides the governing body with a draft of the Form 990 without the Schedule B (schedule of contributions). This schedule is removed because it contains sensitive personal information about members of the governing body. The abbreviated Form 990 is reviewed and approved by the governing body before it is filed.”

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

“This is done via survey.”

Form 990, Part VI, Section B, line 15

“The Executive Committee sets and reviews the head of school's compensation each year. For research purposes, the Committee reviews the annual DASL surveys which are gathered and compiled by the National Association of Independent Schools (NAIS) and the National Business Officers Association (NBOA). In addition, the board does not set the chief financial officer's compensation, it is provided to them for review.”

Form 990, Part VI, Section C, line 19

“The School makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Glenelg Country School Inc
EIN
52-0674564
Phone
4105317321
Address
12793 Folly Quarter Road, Ellicott City, MD 21042

Signing Officer

Name
Matthew Walsh
Title
Head of School
Phone
4105317321
Signed
2026-03-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Walsh
Formed
1954
Legal Domicile
Md
Voting Board Members
16
Independent Board Members
16
Employees
368
Volunteers
50

Preparer

Firm
Aprio Advisory Group LLC
Address
111 Rockville Pike Suite 600, Rockville, MD 20850
Preparer
Stacy Cullen
Phone
3012316200
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“There were no changes to the organization's selection process or oversight process during the year.”

Financial Statement Notes

Part X, Line 2:

“The Organization evaluates uncertainty in income tax positions based on a more-likely-than-not recognition standard. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon ultimate settlement. As of June 30, 2025 there are no accruals for uncertain tax positions. If applicable, the Organization records interest and penalties as a component of income tax expense. Tax years from June 30, 2022 through the current year remain open for examination by federal and state tax authorities.”

Part XI, Line 2D - Other Adjustments:

“Special Event Expenses 55,910.”

Part XI, Line 4B - Other Adjustments:

“Financial Aid 6,224,885.”

Part XII, Line 2D - Other Adjustments:

“Special Event Expenses 55,910.”

Part XII, Line 4B - Other Adjustments:

“Financial Aid 6,224,885.”

Raw XML AppendixShowing 400 of 837 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/Desc02024/2025 school year expenses: these were incurred to provide education for approximately 800 students.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Alison Cera
IRS990/Form990PartVIISectionAGrp/PersonNm2Angela Quigley
IRS990/Form990PartVIISectionAGrp/PersonNm3Candida Lancaster
IRS990/Form990PartVIISectionAGrp/PersonNm4Tyish Hall Brown
IRS990/Form990PartVIISectionAGrp/PersonNm5Megan Bruno
IRS990/Form990PartVIISectionAGrp/PersonNm6Lionel Desbordes
IRS990/Form990PartVIISectionAGrp/PersonNm7Deane R Eastwood
IRS990/Form990PartVIISectionAGrp/PersonNm8Navin Ghaffarian
IRS990/Form990PartVIISectionAGrp/PersonNm9Shivonne Laird PhD MPH
IRS990/Form990PartVIISectionAGrp/PersonNm10Luzmila Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm11David Rowlett
IRS990/Form990PartVIISectionAGrp/PersonNm12Tarun Saini DDS
IRS990/Form990PartVIISectionAGrp/PersonNm13Dr Sanaz Sakiani
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IRS990/Form990PartVIISectionAGrp/PersonNm15Sarah Zaheer MD
IRS990/Form990PartVIISectionAGrp/PersonNm16Matt Walsh
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IRS990/Form990PartVIISectionAGrp/PersonNm18Linda Dennison
IRS990/Form990PartVIISectionAGrp/PersonNm19Kevin Boland Sr
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IRS990/Form990PartVIISectionAGrp/PersonNm22Karen Wootton
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IRS990/Form990PartVIISectionAGrp/TitleTxt20Associate Head of School
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IRS990/Form990PartVIISectionAGrp/TitleTxt22Director of Admissions & Financial Aid
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director of Academic Technology
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