Overview
What is The Potomac School?
The Potomac School is a nonprofit educational institution located in McLean, Virginia. With around 1065 students, the school provides education from kindergarten to the twelfth grade. The institution holds the belief that intellectual growth, a love for learning, and a strong character are interconnected and vital components of education. Committed to its core values, The Potomac School offers a rigorous academic program, preparing students to lead purposeful, accomplished lives infused with generosity of spirit. The school currently employs 476 individuals.
Official website here: www.potomacschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96%
The Potomac School has achieved a Four-Star out of Four Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The overall score is based entirely on its strong performance in the Accountability & Finance category, where it scored 96%. This rating signifies that the organization operates with transparency and a commitment to responsible financial practices.
One of the organization's key strengths is its fully independent board, comprising 100% independent members, which is essential for objective governance. Additionally, its thorough oversight measures, such as an Audit and Oversight Committee, contribute to its strong financial accountability. The organization also maintains comprehensive policies regarding conflicts of interest and whistleblower protections, demonstrating a commitment to ethical operations.
Despite its strengths, the rating does not provide insights into the organization's programmatic impact or community engagement, focusing solely on financial metrics and governance practices. Overall, The Potomac School appears to be a well-managed nonprofit with a clear emphasis on accountability, which can be reassuring for donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Potomac School legitimate?
The Potomac School is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Potomac School 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: $1,323,585
Professional Fundraising Fees: $19,970
Other Salaries and Wages: $25,020,957
For more financial information, click here
Official website here: www.potomacschool.org
What is the mission statement of The Potomac School?
At The Potomac School, the belief is that intellectual growth, a love for learning, and a strong character are interconnected and vital educational objectives. Committed to upholding core values and a rigorous academic program, the school prepares students to live purposeful, successful lives, marked by generosity of spirit. The education provided at The Potomac School caters to approximately 1065 students, encompassing kindergarten to the twelfth grade.
Official website here: www.potomacschool.org
What is the revenue of The Potomac School?
The Potomac School's revenue in 2024 was $71,544,671.
Official website here: www.potomacschool.org
Who are the executives of The Potomac School and what are their salaries?
The average compensation at The Potomac School during 2024 was $50,760. There are 519 employees and 1000 volunteers at The Potomac School.
Here are 29 key members and their salaries:
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- Other: $41,068
Official website here: www.potomacschool.org
Where can I find the form 990 for The Potomac School?
The Potomac School's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.potomacschool.org
Learn more at the official website: www.potomacschool.org
Mission Statement of The Potomac School
The Potomac School is a renowned educational institution that places equal emphasis on intellectual development, fostering a love for learning, and nurturing strong character in its students. Committed to these core values, the school provides a rigorous academic program designed to prepare students for lives of purpose, achievement, and generosity of spirit.
The Potomac School's mission is rooted in the belief that these three aspects of education – intellectual growth, a passion for learning, and moral fortitude – are interconnected and crucial for shaping well-rounded individuals. With a steadfast dedication to these principles, the school readies its students for a future filled with accomplishment and altruism.
The academic program at The Potomac School is rigorous, providing education from kindergarten through the twelfth grade to approximately 1065 students. By combining a strong commitment to core values with an intellectually demanding curriculum, the school ensures its students are well-equipped to navigate their educational journeys and thrive in all aspects of their lives.
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Impact
October, 2024
The Potomac School fosters a holistic educational environment that emphasizes the interconnectedness of intellectual development, a love of learning, and character strength. By serving approximately 1,065 students from kindergarten through twelfth grade in McLean, VA, it equips young individuals with essential skills and values needed to navigate their futures. The school's rigorous academic program is designed to prepare students for lives of purpose and achievement while instilling a spirit of generosity. Through its commitment to core values, The Potomac School not only promotes academic excellence but also nurtures responsible and compassionate future leaders in their communities.
This information is meant to be a general summary of The Potomac School. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,871,720
- Program Service Revenue: $54,773,096
- Gross Receipts: $113,287,440
Assets and Liabilities:
- Total Assets: $221,694,159
- Total Liabilities: $75,097,895
- Net Assets: $146,596,264
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$50,474,999
Summer Programs
Revenue
$2,715,880
Transportation
Revenue
$1,097,065
Enrichment Program
Revenue
$320,674
Extended Day
Revenue
$111,738
Organization Details
Founding Year
1907
Principal Officer
John Kowalik
Website
www.potomacschool.orgNTEE Category
Code: B200 - Education
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