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Norwood School Inc

Norwood School

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 520901098 ✦ Bethesda, MD ✦ Designated as a 501(c)(3)

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Overview

What is Norwood School Inc?

Norwood School Inc is a Bethesda, Maryland-based independent school catering to students from grades K through 8, with a student body of 454. Apart from tuition fees, the school generates revenue through its summer camp and auxiliary programs. Norwood School's mission inspires students to become confident, compassionate, independent, and creative thinkers, embracing a lifelong learning attitude. With a team of 214 employees, the organization fosters a child-centered program that aims to nurture well-rounded individuals.


Official website here: www.norwoodschool.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

Norwood School Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The overall score is derived from a comprehensive assessment of the organization's financial practices, showcasing its dedication to transparency and effective management of resources. The high score indicates the nonprofit's financial health and responsible stewardship of donations.

The organization boasts a highly independent board, with 89% of its members being independent, which is crucial for unbiased governance. The large board size of 17 members, along with excellent scores in audit, oversight, and absence of asset diversion, reinforces the effectiveness of its leadership structure. Furthermore, the presence of robust policies on conflicts of interest, whistleblower protections, and document retention further contributes to the organization's credibility.

Despite its impressive financial standing, there are no specific user feedback or testimonials available to provide a comprehensive view of its impact on stakeholders. However, the financial ratios demonstrate a high level of program expenses, suggesting that a significant portion of resources is directed towards its mission-driven activities.


This AI summary has been generated from information found on Charity Navigator.

Is Norwood School Inc legitimate?

Norwood School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norwood School Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $723,024
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,848,728

For more financial information, click here


Official website here: www.norwoodschool.org

What is the mission statement of Norwood School Inc?

Norwood School Inc's mission is to foster confident, compassionate, independent, and creative thinkers through a child-centered program. This approach inspires students to embrace lifelong learning and develop essential skills for personal growth. The educational institution, catering to students in grades K through 8, generates revenue not only from tuition but also through the operation of a summer camp and auxiliary programs.


Official website here: www.norwoodschool.org

Who is the CEO of Norwood School Inc?

Matthew A Gould Phd is the Board Chair of Norwood School Inc.


Official website here: www.norwoodschool.org

What is the revenue of Norwood School Inc?

Norwood School Inc's revenue in 2022 was $22,900,197.


Official website here: www.norwoodschool.org

Who are the executives of Norwood School Inc and what are their salaries?

The average compensation at Norwood School Inc during 2022 was $49,401. There are 214 employees and 150 volunteers at Norwood School Inc.


Here are 26 key members and their salaries:


Joshua Spencer (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frazier Schulman (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Serge Learsey (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Pat Alcus (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alicia Davis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Carswell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Filng (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Kay (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Anne Jillings (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Del Renigar (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nisreen Schneider (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Nephew (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elinor Scully (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Sides (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Spigel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Steuart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Tyrrell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Tang (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Woo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew A Gould (Head Of School)
  • Compensation: $473,154
  • Related: $0
  • Other: $129,219
William C Teachum (Director Of Finance & Operations)
  • Compensation: $170,211
  • Related: $0
  • Other: $46,950
Catherine Voeks (Director Of Development)
  • Compensation: $153,836
  • Related: $0
  • Other: $38,434
Michael Risen (Head Of Lower School)
  • Compensation: $140,788
  • Related: $0
  • Other: $30,642
Mary Mulligan (Sixth Grade Homeroom Advisor)
  • Compensation: $129,398
  • Related: $0
  • Other: $8,748
Alexander Ragone (Director Of Admission)
  • Compensation: $125,868
  • Related: $0
  • Other: $20,070
Debra Pakaluk (Middle School Science Teacher)
  • Compensation: $120,164
  • Related: $0
  • Other: $23,973


Official website here: www.norwoodschool.org

Where can I find the form 990 for Norwood School Inc?

Norwood School Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.norwoodschool.org

Learn more at the official website: www.norwoodschool.org

Mission Statement of Norwood School Inc

Norwood School Inc, a renowned educational institution, is dedicated to nurturing self-assured, compassionate, independent, and inventive learners. Through its child-centered program, the school fosters an environment where students embrace a passion for learning that lasts a lifetime.

At Norwood School Inc, educators focus on instilling essential qualities in their students. They cultivate confidence, empathy, and a spirit of independence, enabling students to approach challenges with creative thinking. The curriculum is designed to inspire each child to develop their unique strengths and talents.

The mission of Norwood School Inc is brought to life through its comprehensive educational experience. Students from grades K through 8 attend this independent school, which boasts an enrollment of 454. In addition to tuition revenue, the school generates income through the operation of a summer camp and auxiliary programs. This diverse range of offerings ensures that Norwood School Inc continues to thrive, providing a high-quality education for its students.

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Impact




October, 2024

Norwood School Inc significantly influences the educational landscape by fostering a child-centered program that cultivates confident, compassionate, independent, and creative thinkers. With a commitment to inspiring lifelong learning among its 454 students in grades K through 8, the school prioritizes a nurturing environment where young learners can thrive.

In addition to its primary educational offerings, Norwood School enhances its mission through summer camps and auxiliary programs, providing further opportunities for students to engage in various learning experiences. This comprehensive approach not only supports academic achievement but also promotes personal growth and social responsibility, equipping students with essential skills for their future endeavors. The impact of Norwood School extends beyond the classroom, shaping a community of well-rounded individuals poised to contribute positively to society.




This information is meant to be a general summary of Norwood School Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$22,900,197 (2022)
Expenses
$19,893,924 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $791,828
  • Program Service Revenue: $18,106,240
  • Gross Receipts: $35,460,905

Assets and Liabilities:

  • Total Assets: $68,477,593
  • Total Liabilities: $26,470,430
  • Net Assets: $42,007,163

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION AND FEES

Revenue

$18,106,240

Organization Details

Founding Year

1952

Principal Officer

Matthew A Gould Phd

Main Address

8821 RIVER ROAD, BETHESDA, MD, 20817

NTEE Category

Code: B240 - Education

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