THE PARKMONT SCHOOL INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
THE PARKMONT SCHOOL INC (EIN 52-0982560)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-12
IRS object ID
202341329349303449
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-12T11:00:06-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521853933PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JM&MBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110500 LITTLE PATUXENT PARKWAY SUITEAddressLine1Txt
Address Line2770AddressLine2Txt
CityCOLUMBIACityNm
State AbbreviationMDStateAbbreviationCd
ZIP21044ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN520982560EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PARKMONT SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPARKBusinessNameControlTxt
Phone2027260740PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14842 16TH STREET NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20011ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRON MCCLAINPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone2027260740PhoneNum
Signature2023-05-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRONPersonFirstNm
Person LastMCCLAINPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
PTINP01608826PTIN
Phone4108840220PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRON MCCLAINPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14842 16TH STREET NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20011ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,951,647GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.PARKMONT.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1972FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionAN INDEPENDENT, PRIVATE, CO-ED SCHOOL SERVING 40-50 STUDENTS IN GRADES 6-12.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee25TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$437,072PYContributionsGrantsAmt
CY Contributions Grants$150,202CYContributionsGrantsAmt
PY Program Service Revenue$2,597,050PYProgramServiceRevenueAmt
CY Program Service Revenue$2,767,719CYProgramServiceRevenueAmt
PY Investment Income$18,934PYInvestmentIncomeAmt
CY Investment Income$17,663CYInvestmentIncomeAmt
PY Other Revenue$6,976PYOtherRevenueAmt
CY Other Revenue$806CYOtherRevenueAmt
PY Total Revenue$3,060,032PYTotalRevenueAmt
CY Total Revenue$2,936,390CYTotalRevenueAmt
PY Grants And Similar Paid$1,151,145PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,112,212CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,357,169PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,393,919CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$41,202CYTotalFundraisingExpenseAmt
PY Other Expenses$403,637PYOtherExpensesAmt
CY Other Expenses$430,591CYOtherExpensesAmt
PY Total Expenses$2,911,951PYTotalExpensesAmt
CY Total Expenses$2,936,722CYTotalExpensesAmt
PY Revenues Less Expenses$148,081PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$332CYRevenuesLessExpensesAmt
Total Assets BOY$1,615,829TotalAssetsBOYAmt
Total Assets EOY$1,608,374TotalAssetsEOYAmt
Total Liabilities BOY$613,651TotalLiabilitiesBOYAmt
Total Liabilities EOY$717,117TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,002,178NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$891,257NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO HELP ADOLESCENTS DEVELOP THE CONFIDENCE AND SKILLS THEY NEED TO MOVE AHEAD ENERGETICALLY WITH THEIR LIVES BY BUILDING A COMMUNITY WHERE STUDENTS ALLY THEMSELVES WITH CREATIVE ADULTS WHOSE DRIVING CONCERN IS THEIR SUCCESS AND WELL-BEING; CHALLENGING THEM WITH AN ACADEMIC PROGRAM THAT FUSES ADOLESCENT INTERESTS WITH TRADITIONAL DISCIPLINES AND RESPECTS THE VARIETY OF THEIR TALENTS AND MOTIVATIONS; AND PROVIDING THEM WITH SUBSTANTIAL EXPERIENCE IN THE WORLD BEYOND SCHOOL THAT INVITES THEM TO SEE MORE CLEARLY THE POSSIBILITIES AHEAD.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,429,914ExpenseAmt
Grant$1,112,212GrantAmt
Revenue$2,767,719RevenueAmt
DescPARKMONT SCHOOL IS AN INDEPENDENT, PRIVATE, CO-ED AND DIVERSE SCHOOL SERVING 40-50 STUDENTS IN GRADES 6-12.Desc
Total Program Service Expenses$2,429,914TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document6IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee25EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RON MCCLAINBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2027260740PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14842 16TH STREET NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20011ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
RON MCCLAIN
EXECUTIVE DIRECTOR40.00Yes (X)Yes (X)$131,324$0$30,841
JOE FERBER
PRESIDENT1.00Yes (X)Yes (X)$0$0$0
TOM YODER
SECRETARY1.00Yes (X)Yes (X)$0$0$0
WALTER AILES
TREASURER1.00Yes (X)Yes (X)$0$0$0
DEBORAH DUSAULT
TRUSTEE1.00Yes (X)$0$0$0
CASSANDRA HETHERINGTON
TRUSTEE1.00Yes (X)$0$0$0
CILLE KENNEDY
TRUSTEE1.00Yes (X)$0$0$0
JUDY LENTZ
TRUSTEE1.00Yes (X)$0$0$0
RICHARD ROTH
TRUSTEE1.00Yes (X)$0$0$0
MIKE WEAVER
TRUSTEE1.00Yes (X)$0$0$0
DAVID WEISMAN
TRUSTEE1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$131,324TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$30,841TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$150,202AllOtherContributionsAmt
Total Contributions$150,202TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION611110$2,750,470$2,750,470
SUMMER SCHOOL611110$13,800$13,800
OTHER SCHOOL PROGRAMS611110$2,370$2,370
SCHOOL STORE611110$1,079$1,079
FieldValueIRS element (for citing)
Total Program Service Revenue$2,767,719TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,706TotalRevenueColumnAmt
Exclusion$17,706ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$15,214SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$15,257SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$43SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$43TotalRevenueColumnAmt
Exclusion-$43ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescREFUNDS AND OTHERDesc
Business900099BusinessCd
Total Revenue Column$806TotalRevenueColumnAmt
Exclusion$806ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$806OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,936,390TotalRevenueColumnAmt
Related Or Exempt Func Income$2,767,719RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$18,469ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,112,212TotalAmt
Program Services$1,112,212ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$160,713TotalAmt
Program Services$121,413ProgramServicesAmt
Management And General$34,848ManagementAndGeneralAmt
Fundraising$4,452FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$985,021TotalAmt
Program Services$741,884ProgramServicesAmt
Management And General$215,937ManagementAndGeneralAmt
Fundraising$27,200FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$38,623TotalAmt
Program Services$30,730ProgramServicesAmt
Management And General$6,766ManagementAndGeneralAmt
Fundraising$1,127FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$119,711TotalAmt
Program Services$90,162ProgramServicesAmt
Management And General$26,243ManagementAndGeneralAmt
Fundraising$3,306FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$89,851TotalAmt
Program Services$67,673ProgramServicesAmt
Management And General$19,697ManagementAndGeneralAmt
Fundraising$2,481FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$106TotalAmt
Management And General$106ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$50,969TotalAmt
Management And General$50,969ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$23,114TotalAmt
Program Services$17,336ProgramServicesAmt
Management And General$5,778ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$12,646TotalAmt
Program Services$9,525ProgramServicesAmt
Management And General$3,121ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$74,295TotalAmt
Program Services$53,528ProgramServicesAmt
Management And General$19,314ManagementAndGeneralAmt
Fundraising$1,453FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$42,831TotalAmt
Program Services$32,259ProgramServicesAmt
Management And General$9,389ManagementAndGeneralAmt
Fundraising$1,183FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$26,785TotalAmt
Program Services$20,089ProgramServicesAmt
Management And General$6,696ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,287TotalAmt
Program Services$5,465ProgramServicesAmt
Management And General$1,822ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$25,125TotalAmt
Management And General$25,125ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$42,272TotalAmt
Program Services$31,704ProgramServicesAmt
Management And General$10,568ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$26,600TotalAmt
Program Services$19,950ProgramServicesAmt
Management And General$6,650ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
REPAIRS & MAINTENANCE$47,653$35,740$11,913
SCHOOL TRIPS, CEREMONIE$31,871$31,871
BAD DEBT EXPENSE$8,373$8,373
DUES AND SUBSCRIPTIONS$7,832$7,832

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,832TotalAmt
Management And General$2,832ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,936,722TotalAmt
Program Services$2,429,914ProgramServicesAmt
Management And General$465,606ManagementAndGeneralAmt
Fundraising$41,202FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$169,147BOYAmt
EOY$24,872EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$307,370BOYAmt
EOY$392,474EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$10,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$33,163BOYAmt
EOY$53,742EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$375BOYAmt
EOY$22,659EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$888,277LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$493,011LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$403,488BOYAmt
EOY$395,266EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$702,286BOYAmt
EOY$709,361EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,615,829BOYAmt
EOY$1,608,374EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$133,007BOYAmt
EOY$69,011EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$125,450BOYAmt
EOY$162,400EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$355,194BOYAmt
EOY$485,706EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$613,651BOYAmt
EOY$717,117EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,002,178BOYAmt
EOY$891,257EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,002,178BOYAmt
EOY$891,257EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,615,829BOYAmt
EOY$1,608,374EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$332ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$110,589NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$0BeginningYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$113,278BeginningYearBalanceAmt
Other Expenditures$113,278OtherExpendituresAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$113,278BeginningYearBalanceAmt
End Year Balance$113,278EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$113,278BeginningYearBalanceAmt
End Year Balance$113,278EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$113,278BeginningYearBalanceAmt
End Year Balance$113,278EndYearBalanceAmt

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$175,000OtherCostOrOtherBasisAmt
Book Value$175,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$350,000OtherCostOrOtherBasisAmt
Depreciation$248,987DepreciationAmt
Book Value$101,013BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$172,591OtherCostOrOtherBasisAmt
Depreciation$125,963DepreciationAmt
Book Value$46,628BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$69,492OtherCostOrOtherBasisAmt
Depreciation$24,619DepreciationAmt
Book Value$44,873BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$121,194OtherCostOrOtherBasisAmt
Depreciation$93,442DepreciationAmt
Book Value$27,752BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$395,266TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,713,589TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$110,589NetUnrealizedGainsInvstAmt
Revenue Not Reported-$110,589RevenueNotReportedAmt
Revenue Subtotal$1,824,178RevenueSubtotalAmt
Other Revenues Not Included$1,112,212OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,112,212RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,936,390TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,824,510TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,824,510ExpensesSubtotalAmt
Other Expenses Not Included$1,112,212OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,112,212ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,936,722TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:PARKMONT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. PARKMONT DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THERE WAS NO TAX LIABILITY RECORDED FOR THE YEAR ENDED JUNE 30, 2022.
PART XI, LINE 4B - OTHER ADJUSTMENTS:FINANCIAL AID 1,112,212.
PART XII, LINE 4B - OTHER ADJUSTMENTS:FINANCIAL AID 1,112,212.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationPARKMONT SCHOOL OUTLINES ITS NON-DISCRIMINATION POLICY IN ITS SCHOOL BROCHURES. A NOTICE OF NON-DISCRIMINATORY POLICY TOWARDS STUDENTS IS PLACED IN THE WASHINGTON POST ANNUALLY BY THE ASSOCIATION OF INDEPENDENT SCHOOLS OF GREATER WASHINGTON. PARKMONT SCHOOL IS A LISTED MEMBER OF THIS ASSOCIATION.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
FINANCIAL AID AND SCHOLARSHIPS44$1,110,212
GRADUATE GRANTS3$2,000

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationSTUDENTS APPLY ANNUALLY FOR FINANCIAL AID BASED ON NEED. THE AMOUNTS AWARDED TO EACH STUDENT VARIES DEPENDING ON THE FAMILY'S RESOURCES AND THE SCHOOL'S FINANCIAL AID BUDGET. FINANCIAL AID ALSO INCLUDES AMOUNTS PROVIDED TO STUDENTS FROM THE D.C. OPPORTUNITY SCHOLARSHIP PROGRAM PURSUANT TO PROGRAM GUIDELINES.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonRON MCCLAINPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$131,324BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$30,841NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$162,165TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
MARGARET MCCLAIN
FAMILY MEMBER OF EXECUTIVE DIRECTOR$26,440EMPLOYED BY PARKMONT SCHOOL AS THE COVID HEALTH ADMINISTRATOR. SHE WAS COMPENSATED $26,440 DURING CALENDAR YEAR 2021.0
MATTHEW MCCLAIN
FAMILY MEMBER OF EXECUTIVE DIRECTOR$63,932RECEIVES COMPENSATION FOR HIS DUTIES AS A TEACHER. HIS COMPENSATION FOR CALENDAR YEAR 2021 WAS $63,932.0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE EXECUTIVE DIRECTOR ALONG WITH THE FINANCE COMMITTEE REVIEW THE 990 BEFORE IT IS SIGNED BY THE EXECUTIVE DIRECTOR AND FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CALL BOARD TRUSTEES, INCLUDING THE EXECUTIVE DIRECTOR, SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY, ATTESTING TO ANY POSSIBLE OR PERCEIVED CONFLICTS, OR IF THERE ARE NONE. THE EXECUTIVE DIRECTOR MONTITORS AND ENFORCES COMPLIANCE.
FORM 990, PART VI, SECTION C, LINE 19THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE SCHOOL BY CONTACTING THE ADMINISTRATIVE OFFICE.
FORM 990, PART XII, LINE 2C:THE ORGANIZATION HAS NOT CHANGED ITS PROCESS OF AUDIT OVERSIGHT OR ITS PROCESS FOR SELECTION OF AN INDEPENDENT ACCOUNTANT DURING THE YEAR.

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