Civic Intelligence

The Ivymount School Inc

990 • Fiscal year 2018 • EIN 52-1195527

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 05, 2018

11614 Seven Locks RoadRockville, MD 20854

(301) 469-0223

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.25x

Higher debt load relative to assets than 53% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

48th percentile

0.21x

Higher debt load relative to revenue than 48% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

35th percentile

-0.1%

Higher net margin than 35% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

47th percentile

$166,855

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

20th percentile

-5.1%

Faster asset growth than 20% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

40th percentile

0.9%

Faster revenue growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$15,665,521

Down $841,754 (-5.1%) from 2017

Net Assets

Up

$11,799,313

Up $46,710 (+0.4%) from 2017

Liabilities

Down

$3,866,208

Down $888,464 (-19%) from 2017

Revenue

Up

$18,265,203

Up $167,754 (+0.9%) from 2017

Expenses

Up

$18,277,884

Up $44,478 (+0.2%) from 2017

Net Income

Up

-$12,681

Up $123,276 (+91%) from 2017

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $14,522,202Liabilities 2010: $4,452,882Net Assets 2010: $10,069,3202010Assets 2011: $15,419,212Liabilities 2011: $4,411,505Net Assets 2011: $11,007,7072011Assets 2012: $15,711,067Liabilities 2012: $4,090,131Net Assets 2012: $11,620,9362012Assets 2013: $15,872,990Liabilities 2013: $4,222,196Net Assets 2013: $11,650,7942013Assets 2014: $16,118,407Liabilities 2014: $4,449,401Net Assets 2014: $11,669,0062014Assets 2015: $16,471,888Liabilities 2015: $4,770,446Net Assets 2015: $11,701,4422015Assets 2016: $16,476,910Liabilities 2016: $4,726,807Net Assets 2016: $11,750,1032016Assets 2017: $16,507,275Liabilities 2017: $4,754,672Net Assets 2017: $11,752,6032017Assets 2018: $15,665,521Liabilities 2018: $3,866,208Net Assets 2018: $11,799,3132018Assets 2019: $15,369,955Liabilities 2019: $3,477,727Net Assets 2019: $11,892,2282019Assets 2020: $17,334,570Liabilities 2020: $5,781,419Net Assets 2020: $11,553,1512020Assets 2021: $18,000,460Liabilities 2021: $3,616,657Net Assets 2021: $14,383,8032021Assets 2022: $17,009,081Liabilities 2022: $3,046,655Net Assets 2022: $13,962,4262022Assets 2023: $17,456,488Liabilities 2023: $3,546,209Net Assets 2023: $13,910,2792023Assets 2024: $16,762,967Liabilities 2024: $2,746,162Net Assets 2024: $14,016,8052024Assets 2025: $16,372,673Liabilities 2025: $2,661,397Net Assets 2025: $13,711,2762025

Highlighted filing

2018

Assets$15,665,521
Liabilities$3,866,208
Net Assets$11,799,313

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $13,674,1662010Expenses 2011: $14,320,8782011Expenses 2012: $15,421,0542012Expenses 2013: $16,548,6982013Revenue 2014: $17,531,500Expenses 2014: $17,535,506Net Income 2014: -$4,0062014Revenue 2015: $17,744,647Expenses 2015: $17,581,153Net Income 2015: $163,4942015Revenue 2016: $17,941,422Expenses 2016: $17,907,287Net Income 2016: $34,1352016Revenue 2017: $18,097,449Expenses 2017: $18,233,406Net Income 2017: -$135,9572017Revenue 2018: $18,265,203Expenses 2018: $18,277,884Net Income 2018: -$12,6812018Revenue 2019: $18,033,786Expenses 2019: $18,024,240Net Income 2019: $9,5462019Revenue 2020: $17,471,141Expenses 2020: $18,080,628Net Income 2020: -$609,4872020Revenue 2021: $20,137,999Expenses 2021: $17,855,399Net Income 2021: $2,282,6002021Revenue 2022: $19,214,475Expenses 2022: $18,809,281Net Income 2022: $405,1942022Revenue 2023: $19,305,416Expenses 2023: $19,524,930Net Income 2023: -$219,5142023Revenue 2024: $20,270,362Expenses 2024: $20,699,300Net Income 2024: -$428,9382024Revenue 2025: $22,093,037Expenses 2025: $22,580,229Net Income 2025: -$487,1922025

Highlighted filing

2018

Revenue$18,265,203
Expenses$18,277,884
Net Income-$12,681
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 5, 2018
Return Version
2017v2.2
Gross Receipts
$20,999,638
Mission and Program Overview

Mission

Nonprofit organization that provides educational programs and therapeutic services that invest in the abilities of neurodivergent children and young adults with unique learning needs including special education.

Non-profit, non-public, co-educational, special education and related services program which serves students with autism spectrum disorder, intellectual disability, multiple disabilities, other health impairment, specific learning disability, and speech or language impairment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,555,648$6,270,902▼ $284,746
Investments in Publicly Traded Securities$5,984,114$4,907,043▼ $1,077,071
Savings and Temporary Cash Investments$1,842,287$1,833,686▼ $8,601
Accounts Receivable$1,384,808$1,755,316▲ $370,508
Prepaid Expenses and Deferred Charges$143,250$269,236▲ $125,986
Cash and Non-Interest-Bearing Accounts$4,989$1,811▼ $3,178
Total Assets$16,507,275$15,665,521▼ $841,754
Other Assets Total$592,179$627,527▲ $35,348
Liabilities
Tax Exempt Bond Liabilities$2,108,962$2,014,438▼ $94,524
Accounts Payable and Accrued Expenses$1,877,791$1,091,150▼ $786,641
Deferred Revenue$767,919$760,620▼ $7,299
Total Liabilities$4,754,672$3,866,208▼ $888,464
Net Assets / Fund Balance
Unrestricted Net Assets$10,420,300$10,444,067▲ $23,767
Temporarily Rstr Net Assets$1,136,650$1,159,593▲ $22,943
Permanently Rstr Net Assets$195,653$195,653→ $0
Total Net Assets Fund Balance$11,752,603$11,799,313▲ $46,710
Total Liabilities and Net Assets / Fund Balance$16,507,275$15,665,521▼ $841,754

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,185,408$4,470,601$9,656,009
Leasehold Improvements$373,268$891,892$1,265,160
Equipment$129,944$573,264$703,208
Land$463,327-$463,327
Other Land Buildings$118,955$77,231$196,186
Other Assets Org$527,268--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$539,730-▲ $43,726$387,803$195,653
2016$539,730-▲ $27,413$27,413$539,730
2015$539,730-▲ $10,584$10,584$539,730
2014$539,730-▲ $2,404$2,404$539,730
2013$539,730-▲ $13,763$13,763$539,730
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janet WintrolCEO-$143,528$29,527$166,855
Susan HoltDirector-$128,150$21,202$155,552
Lee-Nadine OppenheimDirector of Finance & Operati-$113,498$10,272$123,770
Eve MuellerCoord of Prog Eval & OutcomeFT$114,065$6,195$120,260
Stacey McintyreClinical DirectorFT$105,650$9,717$115,367
Marie MerrickDirector School to Work ProgramFT$103,515$9,446$112,961
Amanda CusterDirector Staff ServicesFT$100,823$9,662$110,485
Lauren LestremauDirector Multiple Learning NeedsFT$96,592$9,014$105,606

Board Members and Trustees

NameTitle
Paula ParsonsPresident
Andrea MullinsDirector
Gary AikenDirector
Jennifer BerzokDirector
Matt BradyDirector
Thomas KummerDirector
Dan HallSecretary
Jeff FischerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$525,421
Program Service Revenue
$16,782,762
Investment Income
$338,143
Other Revenue
$618,877
All Other Contributions
$525,421
Change in Net Assets
$-12,681

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,243,577
Revenue Not Reported on Financial Statements
$21,626
Revenue Not Reported on Form 990
$59,391
Total Revenue per Audited Statements
$18,302,968
Total Revenue per Form 990
$18,265,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,560,824
Other Expenses$2,717,060
Total Fundraising Expense$725,482
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,196,273$531,086$414,214$12,141,573
Other Employee Benefits$1,521,533$85,715$55,343$1,662,591
Payroll Taxes$920,778$68,900$40,168$1,029,846
Occupancy$674,287$43,503$21,751$739,541
Current Officers, Directors, Trustees, and Key Employees$238,940$342,874$145,000$726,814
Office Expenses$553,302$22,413$11,206$586,921
Depreciation Depletion$422,376$27,849$13,924$464,149
Fees for Services Other$204,475$12,572$6,286$223,333
Information Technology$169,718$10,308$5,155$185,181
Insurance$113,508$7,335$3,667$124,510
Conferences and Meetings$104,539$6,332$3,166$114,037
Advertising$90,565$914$5,047$96,526
Travel$75,219--$75,219
Interest$67,260--$67,260
Fees for Service Investment Mgmnt Fees-$21,626-$21,626
Fees for Services Accounting$16,833$1,110$555$18,498
Other Expenses$159--$159
Fees for Services Legal$100--$100
Total Functional Expenses$16,369,865$1,182,537$725,482$18,277,884

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$18,277,884
Expenses per Audited Statements$18,256,258
Total Expenses per Audited Statements$18,256,258
Expenses Not Reported on Financial Statements$21,626
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$141,285
Fundraising Direct Expenses$42,546
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$141,285$141,285$14,764$126,521
Total Events$141,285$141,285$42,546$98,739
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMontgomery County MD2014-06-02$2,376,000Refund Series 2000 Bonds Refinance

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,376,000--$45,740

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
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 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

Member election for additional members Part VI line 7A

The teachers at Ivymount school, Inc. elect the teacher representative on the board of directors. After a survey for nominations a ballot is sent out to the staff and the staff member with the most votes is elected.

Form 990 governing body review Part VI line 11

The 990 is prepared by an independent CPA and is reviewed in detail by the CEO, Director of Finance and Treasurer. The full IRS Form 990 is made available to the full board after the initial detailed review.

Conflict of interest policy compliance Part VI line 12C

Ivymount school, Inc. requires a responsibility and commitment conflict of interest form to be signed annually. The chairman of the board reviews the forms annually.

CEO executive director top management comp Part VI line 15A

The director of the schools salary was determined by a search committee in 1997. Since the state of Maryland instituted the line item control of the budget, her salary increase follows the same increases that are awarded through the state budget to the other non-teaching staff. Her salary agreement is signed by the president of the board of directors.

Other officer or key employee compensation Part VI line 15B

Salaries are approved during the Schools budgeting process. Staff prepares the budget which is then approved by the full board.

Governing documents etc available to public Part VI line 19

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

Filing and Contact Details

Filer

Filer Name
The Ivymount School Inc
EIN
52-1195527
Address
11614 Seven Locks Road, Rockville, MD 20854

Signing Officer

Name
Lee-Nadine Oppenheim
Title
Director of Fin
Phone
3014690223
Signed
2018-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee-Nadine Oppenheim
Formed
1980
Legal Domicile
Md
Voting Board Members
10
Independent Board Members
6
Employees
418
Volunteers
100

Preparer

Firm
Mullins PC
Address
7625 Wisconsin Avenue, Bethesda, MD 20814
Preparer
John K Mullins
Phone
2027706371
Supplemental Narrative

Financial Statement Notes

Endowment funds intended uses (Part V, line 4)

Board designated endowments are intended for property and equipment and the property and equipment fund. The perm endowments income is intended to subsidize the cost of the schools programs.

Footnote for uncertain tax position under FIN 48 (Part X)

The school complies with the provisions of the statement of financial accounting standards codification topic accounting for uncertainty in income taxes and would recognize any potential financial statement impact of a tax position when it is more-likely-than-not that the position will not be sustained upon examination by the internal revenue service. The school does not believe it has any uncertain tax positions, and the financial positions do not have any unrecognized tax benefits or liabilities that need to be recorded.

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IRS990/Desc0Secondary - Ivymounts secondary school offers a diploma track for students in grades 9 through 12 and a certificate track for students ages 14 through 21. Students are assigned to a classroom model based on their individual academic and adaptive needs. Each classroom model is designed based on Ivymount schools long history of providing individual services based on the needs of the community. To help every student achieve his/her highest level of development, we aim to provide individualized, evidence-based services for each student through a partnership with Ivymount school team members, our local education agencies, our students and their families.
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IRS990/Form990PartVIISectionAGrp/PersonNm6Andrea Mullins
IRS990/Form990PartVIISectionAGrp/PersonNm7Janet Wintrol
IRS990/Form990PartVIISectionAGrp/PersonNm8Susan Holt
IRS990/Form990PartVIISectionAGrp/PersonNm9Matt Brady
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director of Finance & Operati
IRS990/Form990PartVIISectionAGrp/TitleTxt11Coord of Prog Eval & Outcome
IRS990/Form990PartVIISectionAGrp/TitleTxt12Dir Staff Services
IRS990/Form990PartVIISectionAGrp/TitleTxt13Dir School to Work Program
IRS990/Form990PartVIISectionAGrp/TitleTxt14Clinical Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Dir Multiple Learning Needs
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IRS990/MissionDesc0Non-profit, non-public, co-educational, special education and related services program which serves students with autism spectrum disorder, intellectual disability, multiple disabilities, other health impairment, specific learning disability, and speech or language impairment.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Autism - the goal of Ivymounts autism program is to provide students with a structured, language-rich learning environment to learn new skills and decrease interfering behaviors. Established in 1998, the autism program provides educational and intervention services to students with autism and their families. The program uses evidence-based procedures, including applied behavior analysis, which have been empirically demonstrated to be effective in the education and treatment of autism. Students are taught to function independently across multiple settings at school and in their community. Parent involvement and students quality of life are priorities.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04784582
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05365517
IRS990/ProgSrvcAccomActy3Grp/Desc0Elementary - Ivymounts elementary middle school serves students in kindergarten through grade 8. students are assigned to a classroom model based on their individual learning and adaptive needs. our classroom models are designed based on Ivymount schools long history of providing individualized services based on the needs of the community. To help every student achieve his/her highest level of development, we aim to provide individualized, evidence-based services for each student through a partnership with Ivymount school team members, our local education agencies, our students and their families.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt04147565
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt04326431
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Project SEARCH is a unique one-year school-to-work program to help young adults with significant disabilities make successful transitions from school to a productive adult life. Project SEARCH occurs entirely in the workplace.Employment immersion facilitates a seamless combination of classroom instruction, career exploration, and on-the-job training and support through worksite rotations or internships. The program model includes an extensive period of training and career exploration, innovative adaptations, long-term job coaching, and continuous feedback from teachers, job coaches, and employers. The Maddux School is a general-education, private day school approved by the Maryland State Department of Education. The Maddux School provides small, structured classes with specialized social and language supports for young children in pre-kindergarten through second grade. The goal is to nurture a love of learning by teaching children how to learn. Through individualized and differentiated instruction, Maddux maintains high academicstandards while addressing social challenges, learning differences and self-esteem concerns. With our unique social learning curriculum, social opportunities and skill development are embedded in all activities throughout the day and across core subjects including math, language arts and science as well as in specials such as art, music andtechnology.
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IRS990/PYOtherExpensesAmt02695236
IRS990/PYOtherRevenueAmt0181362
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0539730
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt027413

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$16.4$2.66$13.7$22.1$22.6$0.49
2024Detailed filing. Detailed filing data is available for this year.$16.8$2.75$14.0$20.3$20.7$0.43
2023Detailed filing. Detailed filing data is available for this year.$17.5$3.55$13.9$19.3$19.5$0.22
2022Detailed filing. Detailed filing data is available for this year.$17.0$3.05$14.0$19.2$18.8$0.41
2021Detailed filing. Detailed filing data is available for this year.$18.0$3.62$14.4$20.1$17.9$2.28
2020Detailed filing. Detailed filing data is available for this year.$17.3$5.78$11.6$17.5$18.1$0.61
2019Detailed filing. Detailed filing data is available for this year.$15.4$3.48$11.9$18.0$18.0$0.01
2018Detailed filing. Detailed filing data is available for this year.$15.7$3.87$11.8$18.3$18.3$0.01
2017Detailed filing. Detailed filing data is available for this year.$16.5$4.75$11.8$18.1$18.2$0.14
2016Detailed filing. Detailed filing data is available for this year.$16.5$4.73$11.8$17.9$17.9$0.03
2015Detailed filing. Detailed filing data is available for this year.$16.5$4.77$11.7$17.7$17.6$0.16
2014Summary only. Only limited summary data is available for this year.$16.1$4.45$11.7$17.5$17.5$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$4.22$11.7$16.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$4.09$11.6$15.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$4.41$11.0$14.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.5$4.45$10.1$13.7