Nonprofit · EIN 52-0701774
KEY SCHOOL INC
Tax-exempt · ANNAPOLIS, MD 21403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $23,848,925 | $31,765,997 | -$7,917,072 | $70,793,779 | $38,698,198 | $32,095,581 |
| June 30, 2024 | 990 | $23,091,982 | $24,845,237 | -$1,753,255 | $69,556,589 | $31,900,270 | $37,656,319 |
| June 30, 2023 | 990 | $24,739,248 | $23,255,139 | $1,484,109 | $69,557,147 | $32,725,661 | $36,831,486 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $945,547
- Program service revenue
- $22,066,660
- Investment income
- $758,075
- Net rental income
- $39,166
- Net income from fundraising events
- $9,127
- Net income from gaming
- $3,927
- Net income from sales of inventory
- $129
- Other revenue
- $78,643
Expenses
- Grants and similar amounts paid
- $2,882,668
- Compensation of officers, directors and key employees
- $712,091
- Other salaries and wages
- $10,902,864
- Salaries, compensation and benefits (total)
- $15,322,005
- Professional fundraising fees
- $0
- Legal fees
- $463,903
- Accounting fees
- $48,475
- Occupancy
- $1,784,390
- Travel
- $90,053
- Depreciation
- $1,551,618
- Program services (functional)
- $18,989,642
- Management and general (functional)
- $12,156,218
- Fundraising (functional)
- $620,137
Balance sheet and other
- Total assets, start of year
- $69,556,589
- Total assets, end of year
- $70,793,779
- Total liabilities, end of year
- $38,698,198
- Net assets, end of year
- $32,095,581
- Land, buildings and equipment
- $26,035,012
- Publicly traded securities
- $9,802,008
- Net assets without donor restrictions
- $16,970,514
- Net assets with donor restrictions
- $15,125,067
- Gross receipts
- $23,981,332
- Employees
- 311
- Volunteers
- 100
- Year formed
- 1958
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW NESPOLE | HEAD OF SCHOOL Officer | 60 | $471,016 | $41,975 |
| BRIAN MICHAELS | UPPER SCHOOL HEAD Highest-paid employee | 55 | $150,569 | $68,826 |
| CAROLINE EWING | DIRECTOR/FINANCE & OPS Officer | 55 | $184,280 | $22,231 |
| THOMAS ROSSINI | DIRECTOR/ENROLLMENT/OUTREACH Highest-paid employee | 55 | $132,074 | $64,321 |
| KRISTEN ADDISON CATLETT | LOWER SCHOOL HEAD Highest-paid employee | 55 | $147,733 | $45,254 |
| DAVID MAGNUS | MIDDLE SCHOOL HEAD Highest-paid employee | 55 | $164,008 | $26,678 |
| KIMBERLY TETER | DIRECTOR/ADVANCEMENT Highest-paid employee | 55 | $147,775 | $275 |
| JOHN HILBERT | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| COURTNEY SPANGLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| COLIN HARRINGTON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LAKSHMI RAMANI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JULITA ANTHONY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETER BICHE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARCH BISHOP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BROOKE BOWMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIUS CLARK | BOARD MEMBER Trustee or director | 1 | $0 |
| ELYSE COLGAN | BOARD MEMBER Trustee or director | 1 | $0 |
| LEANDER J FOLEY III | BOARD MEMBER Trustee or director | 1 | $0 |
| JOAN GILLECE | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL GLASS | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH A JANNEY III | BOARD MEMBER Trustee or director | 1 | $0 |
| WESLEY R JONES | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIZABETH LAPCZYNSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM MAPP | BOARD MEMBER Trustee or director | 1 | $0 |
| TROY MAYER | BOARD MEMBER Trustee or director | 1 | $0 |
| MATTHEW MCCABE | BOARD MEMBER Trustee or director | 1 | $0 |
| KATE MCGUIRK-ALLISON | BOARD MEMBER Trustee or director | 1 | $0 |
| WALDO MCMILLAN | BOARD MEMBER Trustee or director | 1 | $0 |
| SONG PAK | BOARD MEMBER Trustee or director | 1 | $0 |
| SHANNON TOWER | BOARD MEMBER Trustee or director | 1 | $0 |
| JOANN WARRICK | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW NESPOLE | HEAD OF SCHOOL Trustee or director, Officer | 60 | $446,695 | $42,301 |
| BRIAN MICHAELS | UPPER SCHOOL HEAD Highest-paid employee | 55 | $131,095 | $62,134 |
| TOM ROSSINI | DIRECTOR/ENROLLMT/OUTREACH Highest-paid employee | 55 | $125,580 | $64,718 |
| CAROLINE EWING | DIRECTOR/FINANCE & OPS Officer | 55 | $168,387 | $21,175 |
| KRISTEN ADDISON CATLETT | LOWER SCHOOL HEAD Highest-paid employee | 55 | $144,625 | $40,196 |
| DAVID MAGNUS | MIDDLE SCHOOL HEAD Highest-paid employee | 55 | $153,709 | $29,316 |
| KATE AUSTIN | DIRECTOR/COMMUNICATIONS Highest-paid employee | 55 | $122,328 | $27,534 |
| JOHN HILBERT | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ALANNA WRIGHT | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| COLIN HARRINGTON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LAKSHMI RAMANI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MARK BAGANZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM BAUM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETER BICHE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARCH BISHOP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JULIUS CLARK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELYSE COLGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEANDER J FOLEY III | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOAN GILLECE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL GLASS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH A JANNEY III | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WESLEY R JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEN KISSEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH LAPCZYNSKI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILLIAM MAPP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TROY MAYER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW MCCABE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KARA MCGUIRK-ALLISON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WALDO MCMILLAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SONG PAK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| COURTNEY SPANGLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHANNON TOWER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOANN WARRICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANNA WOOD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW NESPOLE | HEAD OF SCHOOL Trustee or director, Officer | 60 | $417,961 | $40,621 |
| BRIAN MICHAELS | UPPER SCHOOL HEAD Highest-paid employee | 55 | $125,861 | $57,866 |
| THOMAS ROSSINI | DIRECTOR/ENROLLMENT & OUTREACH Highest-paid employee | 55 | $118,447 | $56,575 |
| CAROLINE EWING | DIRECTOR/FINANCE & OPS Officer | 55 | $149,712 | $19,830 |
| DAVID MAGNUS | MIDDLE SCHOOL HEAD Highest-paid employee | 55 | $137,474 | $29,369 |
| KRISTEN ADDISON CATLETT | LOWER SCHOOL HEAD Highest-paid employee | 55 | $138,702 | $27,487 |
| KATE AUSTIN | DIRECTOR/COMMUNICATIONS Highest-paid employee | 55 | $116,781 | $15,818 |
| ALANNA WRIGHT | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JOHN HILBERT | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| PETER BICHE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| M KENNETH KISSEL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MARK BAGANZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM BAUM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARCH K BISHOP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JULIUS CLARK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELYSE COLGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEANDER J FOLEY III | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL GLASS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| COLIN HARRINGTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH A JANNEY III | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WESLEY R JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JARED LITTMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILLIAM MAPP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TROY MAYER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW MCCABE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KARA MCGUIRK-ALLISON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SONG PAK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAKSHMI SARMA RAMANI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| F MICHAEL SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| COURTNEY SPANGLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHANNON TOWER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANNA WOOD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 534 HILLSMERE DR, ANNAPOLIS, MD 21403-4121
- In care of
- % CAROLINE EWING
- Principal officer (990 for 2024)
- MATTHEW NESPOLE, 534 HILLSMERE DR, ANNAPOLIS, MD 21403
- Signed the 990
- CAROLINE EWING, DIRECTOR OF FINANCE
- Phone
- (410) 263-9231
- Website
- WWW.KEYSCHOOL.ORG
- Return prepared by
- RSM US LLP
Mission
THE KEY SCHOOL IS FOUNDED UPON THE CONVICTION THAT CHILDREN ARE INNATELY CURIOUS ABOUT THEMSELVES AND THE WORLD; THEY WANT TO LEARN, THEY WANT TO DISCOVER, AND THEY WANT TO CREATE. (CONTINUED ON SCHEDULE O)
Program accomplishments
- KEY SCHOOL PROVIDES EDUCATION TO OVER 600 STUDENTS FROM AGES 2.5 THROUGH GRADE 12.Expenses $18,989,642 · grants $2,882,668 · revenue $22,066,660
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-0701774
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1962
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B200)
- Assets (IRS master file)
- $70,793,779
- Income (IRS master file)
- $23,981,332
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $23,848,925 | $31,765,997 | $70,793,779 | XML |
| 990 | June 2024 | $23,091,982 | $24,845,237 | $69,556,589 | XML |
| 990 | June 2023 | $24,739,248 | $23,255,139 | $69,557,147 | XML |
| 990 | June 2022 | $23,337,253 | $21,646,324 | $65,331,950 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-0701774).
Questions about KEY SCHOOL INC
- What is the EIN of KEY SCHOOL INC?
- The employer identification number (EIN) of KEY SCHOOL INC is 52-0701774.
- Is KEY SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1962.
- Are donations to KEY SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KEY SCHOOL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KEY SCHOOL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KEY SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of KEY SCHOOL INC?
- The 990 for the year ended June 30, 2025 names MATTHEW NESPOLE.
- Who are the officers and directors of KEY SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 31 people; 7 received compensation from the organization, the highest $471,016 (MATTHEW NESPOLE, HEAD OF SCHOOL).
- How much revenue does KEY SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $23,848,925, expenses of $31,765,997 and total assets of $70,793,779 at year end.
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