Civic Intelligence

Indian Creek School Inc

EIN 52-0967384 • 501(c)3 • Crownsville, MD

Profile

To provide an academically challenging education in a warm, supportive environment to a group of students with a wide range of talents and skills. Students should develop self-worth, and an appreciation of others of diverse cultural, racial and ethnic backgrounds to help each student become an independent learner with the self-confidence to take intellectual risks along the educational path.

1130 Anne Chambers WayCrownsville, MD 21032

www.indiancreekschool.org

Siviq Scores

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

Liabilities / Assets

75th percentile

0.53x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.86x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

56th percentile

6.9%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

58th percentile

8.0%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

64th percentile

13%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Down

$32,442,168

Down $79,618 (-0.2%) from 2023

Liabilities

Down

$16,935,177

Down $414,047 (-2.4%) from 2023

Net Assets

Up

$15,506,991

Up $334,429 (+2.2%) from 2023

Revenue

Down

$18,950,225

Down $1,113,719 (-5.6%) from 2023

Expenses

Up

$18,797,400

Up $109,563 (+0.6%) from 2023

Net Income

Down

$152,825

Down $1,223,282 (-89%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $29,363,303Liabilities 2010: $18,863,542Net Assets 2010: $10,499,7612010Assets 2011: $29,675,792Liabilities 2011: $18,657,350Net Assets 2011: $11,018,4422011Assets 2012: $29,453,559Liabilities 2012: $17,519,931Net Assets 2012: $11,933,6282012Assets 2013: $29,939,481Liabilities 2013: $17,000,114Net Assets 2013: $12,939,3672013Assets 2014: $29,750,694Liabilities 2014: $16,121,788Net Assets 2014: $13,628,9062014Assets 2015: $29,665,586Liabilities 2015: $15,779,573Net Assets 2015: $13,886,0132015Assets 2016: $31,519,901Liabilities 2016: $17,835,285Net Assets 2016: $13,684,6162016Assets 2017: $31,049,886Liabilities 2017: $18,206,594Net Assets 2017: $12,843,2922017Assets 2018: $28,382,211Liabilities 2018: $17,471,462Net Assets 2018: $10,910,7492018Assets 2019: $28,949,073Liabilities 2019: $17,180,738Net Assets 2019: $11,768,3352019Assets 2020: $27,965,233Liabilities 2020: $16,084,432Net Assets 2020: $11,880,8012020Assets 2021: $30,010,402Liabilities 2021: $16,828,860Net Assets 2021: $13,181,5422021Assets 2022: $30,122,651Liabilities 2022: $16,419,052Net Assets 2022: $13,703,5992022Assets 2023: $32,521,786Liabilities 2023: $17,349,224Net Assets 2023: $15,172,5622023Assets 2024: $32,442,168Liabilities 2024: $16,935,177Net Assets 2024: $15,506,9912024

Highlighted filing

2024

Assets$32,442,168
Liabilities$16,935,177
Net Assets$15,506,991

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $13,534,1392010Expenses 2011: $13,416,1482011Expenses 2012: $13,691,9762012Expenses 2013: $14,154,6482013Revenue 2014: $14,430,979Expenses 2014: $14,427,283Net Income 2014: $3,6962014Revenue 2015: $15,909,088Expenses 2015: $15,445,507Net Income 2015: $463,5812015Revenue 2016: $16,982,037Expenses 2016: $16,991,644Net Income 2016: -$9,6072016Revenue 2017: $16,071,098Expenses 2017: $17,108,272Net Income 2017: -$1,037,1742017Revenue 2018: $15,243,876Expenses 2018: $16,946,880Net Income 2018: -$1,703,0042018Revenue 2019: $17,942,422Expenses 2019: $17,178,480Net Income 2019: $763,9422019Revenue 2020: $16,496,282Expenses 2020: $16,395,608Net Income 2020: $100,6742020Revenue 2021: $16,596,425Expenses 2021: $15,551,630Net Income 2021: $1,044,7952021Revenue 2022: $17,702,346Expenses 2022: $16,803,561Net Income 2022: $898,7852022Revenue 2023: $20,063,944Expenses 2023: $18,687,837Net Income 2023: $1,376,1072023Revenue 2024: $18,950,225Expenses 2024: $18,797,400Net Income 2024: $152,8252024

Highlighted filing

2024

Revenue$18,950,225
Expenses$18,797,400
Net Income$152,825

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.4$16.9$15.5$19.0$18.8$0.15
2023Detailed filing. Detailed filing data is available for this year.$32.5$17.3$15.2$20.1$18.7$1.38
2022Detailed filing. Detailed filing data is available for this year.$30.1$16.4$13.7$17.7$16.8$0.90
2021Detailed filing. Detailed filing data is available for this year.$30.0$16.8$13.2$16.6$15.6$1.04
2020Detailed filing. Detailed filing data is available for this year.$28.0$16.1$11.9$16.5$16.4$0.10
2019Detailed filing. Detailed filing data is available for this year.$28.9$17.2$11.8$17.9$17.2$0.76
2018Detailed filing. Detailed filing data is available for this year.$28.4$17.5$10.9$15.2$16.9$1.70
2017Detailed filing. Detailed filing data is available for this year.$31.0$18.2$12.8$16.1$17.1$1.04
2016Detailed filing. Detailed filing data is available for this year.$31.5$17.8$13.7$17.0$17.0$0.01
2015Detailed filing. Detailed filing data is available for this year.$29.7$15.8$13.9$15.9$15.4$0.46
2014Detailed filing. Detailed filing data is available for this year.$29.8$16.1$13.6$14.4$14.4$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.9$17.0$12.9$14.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.5$17.5$11.9$13.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$18.7$11.0$13.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.4$18.9$10.5$13.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$19,597,457
Mission and Program Overview

Mission

To provide an academically challenging education in a warm, supportive environment to a group of students with a wide range of talents and skills. Students should develop self-worth, and an appreciation of others of diverse cultural, racial and ethnic backgrounds to help each student become an independent learner with the self-confidence to take intellectual risks along the educational path.

Indian creek school inspires authenticity, connection, and curiosity so every student can pursue their full potential in scholarship and in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,647,653$22,750,585▼ $897,068
Savings and Temporary Cash Investments$5,170,993$6,852,802▲ $1,681,809
Investments in Publicly Traded Securities$1,894,215$2,096,594▲ $202,379
Prepaid Expenses and Deferred Charges$261,432$261,571▲ $139
Pledges and Grants Receivable$973,641$200,327▼ $773,314
Accounts Receivable$325,961$94,764▼ $231,197
Investments Other Securities$44,085$66,857▲ $22,772
Total Assets$32,521,786$32,442,168▼ $79,618
Other Assets Total$203,806$118,668▼ $85,138
Liabilities
Tax Exempt Bond Liabilities$9,089,304$8,679,842▼ $409,462
Deferred Revenue$4,776,747$5,587,414▲ $810,667
Mortgage Notes Payable Secured by Investment Property$2,398,832$1,625,631▼ $773,201
Accounts Payable and Accrued Expenses$900,440$943,527▲ $43,087
Other Liabilities$183,901$98,763▼ $85,138
Total Liabilities$17,349,224$16,935,177▼ $414,047
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,162,183$13,740,316▲ $578,133
Net Assets With Donor Restrictions$2,010,379$1,766,675▼ $243,704
Total Net Assets Fund Balance$15,172,562$15,506,991▲ $334,429
Total Liabilities and Net Assets / Fund Balance$32,521,786$32,442,168▼ $79,618

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,934,235$5,897,421$23,831,656
Leasehold Improvements$1,803,290$4,000,316$5,803,606
Equipment$1,156,961$4,020,349$5,177,310
Land$1,419,276-$1,419,276
Other Land Buildings$436,823-$436,823

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$127,755-▲ $14,895$1,000$141,650
2022$122,589-▲ $6,166$1,000$127,755
2021$138,672-▼ $15,083$1,000$122,589
2020$119,985-▲ $19,687$1,000$138,672
2019$117,832-▲ $5,194$3,041$119,985
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Booth KyleHead of School/presidentFT$365,910$54,811$420,721
Eliza P MclarenFormer Associate HeadFT$162,983$42,619$205,602
John Bonhom IiAssistant Head of SchoolFT$109,157$57,848$167,005
Jennifer MalachowskiAssistant Head of School/lower School PrincipalFT$110,391$55,691$166,082
Jennifer MalachowskiAssistant Head of School/lower Schoo-$110,391$55,691$166,082
Jenny KeulemanDirector of AdvancementFT$105,914$46,025$151,939
Rachel BarrChief of StaffFT$107,931$35,327$143,258

Board Members and Trustees

NameTitle
Julius SmithB&g Chair
Devon ClouseEducation Chair
Liz PhilpottGovernance Chair
Adam ShampaineTrustee
Adam WinerTrustee
Alex AlmyTrustee
Carrie SimmonsTrustee
Derek KreinTrustee
Frank ChambersTrustee
Kerry MackenzieTrustee
Kevin TatorTrustee
Margaret TurnerTrustee
Rob PascalTrustee
Roberta Pardo Until 1124Trustee
Russell FugettTrustee
Stephen MargerumTrustee
Tanya MathiasTrustee
Amy ColemanFaculty Rep

Highest Paid Contractors

ContractorServicesLocationCompensation
Sage Dining Services INCDining Services1402 YORK ROAD SUTIE 100, Lutherville, MD 21093$826,801
Kelly & Associates Insurance GroupMedical Coverage301 INTERNATIONAL CIRCLE, Hunt Valley, MD 21030$507,513
Foreman Pro Cleaning LLCCleaning Contract20 RIDGELY AVE STE 304, Annapolis, MD 21401$130,666
Executive Cleaning Services INCCleaning ContractPO BOX 1447, Severna Park, MD 21146$106,158
Revenue and Support

Revenue Composition

Contributions and Grants
$700,679
Program Service Revenue
$17,781,841
Investment Income
$117,053
Other Revenue
$350,652
All Other Contributions
$594,879
Change in Net Assets
$152,825

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$25,075Fair Market Value (FMV)
Total Noncash Contributions2$25,075-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,022,695
Revenue Not Reported on Financial Statements
$3,927,530
Revenue Not Reported on Form 990
$353,582
Other Revenue Adjustments
$3,914,200
Total Revenue per Audited Statements
$15,376,277
Total Revenue per Form 990
$18,950,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,567,432
Other Expenses$5,315,768
Grants and Similar Amounts Paid$3,914,200
Total Fundraising Expense$37,843
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,538,651$3,054,941-$7,593,592
Grants to Domestic Individuals$3,914,200--$3,914,200
Depreciation Depletion$727,981$727,981-$1,455,962
Other Employee Benefits$498,263$338,432-$836,695
Payroll Taxes$345,174$234,450-$579,624
Occupancy$563,042--$563,042
Interest$185,080$185,080-$370,160
Current Officers, Directors, Trustees, and Key Employees$218,672$148,528-$367,200
Information Technology$211,816--$211,816
Advertising$110,909$54,992$37,843$203,744
Pension Plan Contributions$113,339$76,982-$190,321
Insurance$68,079$68,079-$136,158
Fees for Services Other$122,852--$122,852
Other Expenses$118,359--$118,359
Office Expenses-$101,300-$101,300
Travel$93,472$526-$93,998
All Other Expenses-$86,675-$86,675
Fees for Services Legal$78,421--$78,421
Fees for Services Accounting$60,406--$60,406
Fees for Service Investment Mgmnt Fees-$13,330-$13,330
Total Functional Expenses$13,668,261$5,091,296$37,843$18,797,400

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$18,797,400
Total Expenses per Audited Statements$15,041,848
Expenses per Audited Statements$14,869,870
Expenses Not Reported on Financial Statements$3,927,530
Other Expense Adjustments$3,914,200
Expenses Not Reported on Form 990$171,978
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$171,978
Fundraising Gross Income$81,593
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Anniversary Gala$85,496$36,446$99,863$-63,417
Creekfest$66,728$31,978$55,636$-23,658
Total Events$187,393$81,593$171,978$-90,385
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability$60,669
Deferred Compensation Liability$38,094

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMd Health and Higher Education Facilities Authority2018-07-24$11,799,236REFUNDING OF 2004 BOND

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$11,799,236$11,799,236$3,119,394-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 A, Line 8B

Executive committee does not keep minutes; however, by-laws state the executive committee can act on the board of trustee's behalf. Board minutes are kept for board of trustee meetings.

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

The finance committee reviews and approves the 990 before it is filed. The finance committee summarizes the contents of 990 and presents the 990 to the board of trustees.

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

This is managed through our governance committee and school liason who sits on the committee. Conflict of interest statements are signed be all trustees and key employees.

Form 990, Part VI, Section B, Line 15

The executive committee determines the head of the school's salary. The head of the school along with director of finance and chief of staff review all other employees, including key employees. Primarily the local aims data (data for similar education institution) is used as a benchmark in determining salaries.

Form 990, Part VI, Section C, Line 18

Form 1023 and 990 are made available to the public upon written request.

Form 990, Part VI, Section C, Line 19

Governing documents and conflict of interest policy are made available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Indian Creek School Inc
EIN
52-0967384
Phone
4108495151
Address
1130 ANNE CHAMBERS WAY, CROWNSVILLE, MD 21032

Signing Officer

Name
Booth Kyle
Title
President & Head of School
Phone
4108495151
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Booth Kyle
Formed
1973
Legal Domicile
Md
Voting Board Members
16
Independent Board Members
16
Employees
213
Volunteers
830

Preparer

Firm
Ellin & Tucker Chartered
Address
400 EAST PRATT ST SUITE 200, BALTIMORE, MD 21202
Preparer
Susan Keller
Phone
4107275735
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of trustees is responsible for the selection of the independent auditor and the oversight process of the financial statement audit the organization has not changed the process from the prior year.

Financial Statement Notes

PART II, LINE 9:

Indian creek school has a conservation easement on portions of its own property to ensure that the open space is protected. As the easement is on the grounds of the school, the monitoring of the easement property is done by the facilities department as part of their normal duties. Additionally, as the easement is on property owned by the indian creek school, there is no impact on the organizations financial statements for the easement.

PART V, LINE 4:

Financial aid grants to students.

PART X, LINE 2:

The school follows the provisions of accounting for uncertainty in income taxes under the income taxes topic of the codification. The codification requires the evaluation of tax positions, which include maintaining its tax-exempt status and the taxability of any unrelated business income, and does not allow recognition of tax positions which do not meet a "more-likely-than-not" threshold of being sustained by the applicable tax authority. Management does not believe it has taken any tax positions that would not meet this threshold.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 171,978.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid grants to students 3,914,200.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 171,978.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid grants to students 3,914,200.

Raw XML AppendixShowing 400 of 860 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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