THE BOYS' LATIN SCHOOL OF MARYLAND INC

EIN: 520735085 501(c)(3) Education

BALTIMORE, MD

Total Revenue
$27,397,388
Total Expenses
$30,328,234
Total Assets
$137,287,065
Net Assets
$95,989,587
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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
MD
Principal Officer
CHRISTOPHER J POST
Phone
4103775192
Tax Period
2024-07-01 to 2025-06-30

THE BOYS' LATIN SCHOOL OF MARYLAND INC, founded in 1960, is a mid-sized nonprofit in the Education sector that reported $27.4M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $30.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE BOYS' LATIN SCHOOL OF MARYLAND INSTILLS THE CORE VALUES OF COURAGE, INTEGRITY, AND COMPASSION IN EACH BOY AS EMBODIED IN OUR MOTTO, ESSE QUAM VIDERI - TO BE, RATHER THAN TO SEEM. BY UNDERSTANDING HOW BOYS LEARN BEST, OUR TALENTED FACULTY FOSTERS ENDURING PERSONAL RELATIONSHIPS AND EMPOWERS EACH STUDENT TO STRIVE FOR ACADEMIC AND PERSONAL EXCELLENCE. PHILOSOPHY & PURPOSE -BOYS' LATIN OFFERS A RICH AND RIGOROUS ACADEMIC AND CO-CURRICULAR PROGRAM THAT PREPARES YOUNG MEN FOR THE OPPORTUNITIES OF THE 21ST CENTURY. THE SCHOOL WELCOMES STUDENTS FROM DIVERSE BACKGROUNDS AND EDUCATES THEM IN A SUPPORTIVE, STUDENT-CENTERED ENVIRONMENT. TRAINED IN THE BEST PRACTICES IN BOYS' EDUCATION, FACULTY MEMBERS CRAFT INNOVATIVE PROGRAMS THAT REFLECT THEIR EXPERTISE IN HOW BOYS LEARN AND PROVIDE STUDENTS WITH UNPARALLELED OPPORTUNITIES TO STRETCH AND GROW. A LOW STUDENT-TEACHER RATIO CHALLENGES EACH STUDENT TO REACH HIS MAXIMUM POTENTIAL WHILE ENCOURAGING HIM TO MATURE WITH AN INCREASING SENSE OF SELF-WORTH AND AN AWARENESS OF HIS RESPONSIBILITIES TOWARD HIMSELF AND HIS LOCAL AND GLOBAL COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $23,001,306 Revenue: $22,686,003

OUR FACULTY: BOYS' LATIN IS A SMALL SCHOOL WITH 605 BOYS IN GRADES K-12. OUR FACULTY HAS AN AVERAGE OF 18 YEARS OF TEACHING EXPERIENCE, MORE THAN 78% HOLD ADVANCED DEGREES, AND ALL ARE EXPERTS IN...

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OUR FACULTY: BOYS' LATIN IS A SMALL SCHOOL WITH 605 BOYS IN GRADES K-12. OUR FACULTY HAS AN AVERAGE OF 18 YEARS OF TEACHING EXPERIENCE, MORE THAN 78% HOLD ADVANCED DEGREES, AND ALL ARE EXPERTS IN ALL-BOYS EDUCATION. CLASS SIZES ARE SMALL, WITH A STUDENT-FACULTY RATIO OF 7:1. THIS ALLOWS TEACHERS TO GET TO KNOW EACH BOY, LEARNING WHAT DRIVES HIM, WHAT BOOKS HE LOVES, AND WHAT HIS FAVORITE PART OF THE SCHOOL DAY IS. TO ADVANCE OUR COMMITMENT TO BEING A SCHOOL FOR BOYS, OUR FACULTY ATTEND CONFERENCES FOCUSED ON ALL-BOYS EDUCATION, PARTICIPATE IN WORKSHOPS GIVEN BY LEADING AUTHORITIES IN THE FIELDS OF BOYS' EDUCATION AND BRAIN RESEARCH, AND CONTRIBUTE TO LOCAL CONFERENCES DEDICATED TO THE ACADEMIC, SOCIAL, AND PHYSICAL DEVELOPMENT OF BOYS. BOYS' LATIN IS AN ACTIVE MEMBER OF THE INTERNATIONAL BOYS' SCHOOL COALITION (IBSC). IBSC IS A NONPROFIT ORGANIZATION OF MORE THAN 300 MEMBER SCHOOLS FROM TWENTY COUNTRIES AND FIVE CONTINENTS, DEDICATED TO THE EDUCATION AND DEVELOPMENT OF BOYS WORLDWIDE. AT BOYS' LATIN, FACULTY ENSURE THAT BOYS ENGAGE FULLY IN THEIR LEARNING BY ENGAGING IN THE HANDS-ON ACTIVITIES, EXPERIENTIAL LEARNING, AND TEAMWORK THAT WE KNOW CAPTURES THEIR INTEREST AND DRIVES THEIR GROWTH.HISTORY & IDENTITY: FOUNDED IN 1844 BY DR. EVERT MARSH TOPPING, A PRINCETON CLASSICS PROFESSOR, BOYS' LATIN IS THE OLDEST INDEPENDENT, NON-SECTARIAN COLLEGE PREPARATORY SCHOOL FOR BOYS NOT ONLY IN MARYLAND BUT IN THE MID-ATLANTIC. BOYS' LATIN IS COMMITTED TO BEING A SMALL SCHOOL, SERVING BOYS IN GRADES K-12. AT BOYS' LATIN, EACH STUDENT IS UNIQUELY KNOWN AND VALUED FOR WHO HE IS AND IS ENCOURAGED TO GROW TO BE HIS BEST, MOST AUTHENTIC SELF. THE SCHOOL'S MOTTO, ESSE QUAM VIDERI - "TO BE RATHER THAN TO SEEM" - EMPHASIZES THE DEVELOPMENT OF ONE'S INTEGRITY, COURAGE, AND COMPASSION FOR OTHERS AND HAS BEEN THE CORE VALUE OF A BOYS' LATIN EDUCATION SINCE 1844. BOYS' LATIN WELCOMES YOUNG MEN FROM DIVERSE BACKGROUNDS AND EDUCATES THEM IN A SUPPORTIVE, STUDENT-CENTERED ENVIRONMENT. BOYS' LATIN STRIVES TO CREATE AN INCLUSIVE SCHOOL COMMUNITY AND PREPARE BOYS FOR THE PLURALISTIC SOCIETY IN WHICH WE LIVE, WORK, AND PLAY.OUR PROGRAMS: THE SCHOOL OFFERS A RIGOROUS ACADEMIC PROGRAM THAT PREPARES YOUNG MEN FOR THE CHALLENGES OF THE 21ST CENTURY. OUR ACADEMIC PROGRAM IS DESIGNED SO BOYS WILL NOT ONLY MASTER CRITICAL FOUNDATIONAL ACADEMIC SKILLS BUT PROVIDE THEM WITH THE TOOLS TO THINK CRITICALLY, APPROACH COMPLEX ISSUES AND PROBLEMS WITH A CLEAR PERSPECTIVE, AND BECOME INQUISITIVE LEARNERS. BOYS' LATIN OFFERS A COLLEGE PREPARATORY PROGRAM WITH HONORS CLASSES AND OVER 18 ADVANCED PLACEMENT (AP) AND POST-AP COLLEGE-LEVEL CLASSES IN THE UPPER SCHOOL. WE FOLLOW A 7-DAY SCHEDULE IN THE UPPER AND MIDDLE SCHOOLS THAT ALLOWS FOR ROTATION OF CORE CLASSES, MORE COURSE OFFERINGS, AND TIME FOR CO-CURRICULAR ACTIVITIES. OUR ATHLETIC PROGRAM INCLUDES 42 TEAMS THAT COMPETE IN INTERSCHOLASTIC COMPETITIONS IN SOCCER, FOOTBALL, CROSS COUNTRY, WRESTLING, SQUASH, BASKETBALL, ICE HOCKEY, LACROSSE, GOLF, BASEBALL, TENNIS, AND VOLLEYBALL. AT BOYS' LATIN, STUDENTS ARE ENCOURAGED TO PURSUE NEW INTERESTS AND TALENTS. OUR SCHEDULE IS INTENTIONALLY DESIGNED TO ALLOW BOYS TO PARTICIPATE IN SPORTS, MUSIC, CLUBS, OR SERVICE WITHOUT CONFLICT. OUR ROBUST ARTS PROGRAM PROVIDES OPPORTUNITIES FOR STUDENTS TO ENGAGE IN THEATER, MUSIC, FINE ARTS, AND DIGITAL ARTS. OUR K-12 ROBOTICS PROGRAM TEACHES STUDENTS HOW TO BREAK DOWN A PROBLEM, INNOVATE SOLUTIONS, PERSIST, AND COLLABORATE. MANY STUDENTS WHO PARTICIPATE IN ROBOTICS GO ON TO ATTEND TOP ENGINEERING COLLEGES AND ENTER CAREERS IN ENGINEERING, MATH, AND COMPUTER SCIENCE. WE ALSO OFFER NUMEROUS CO-CURRICULAR ACTIVITIES AND CLUBS INCLUDING, BUT NOT LIMITED TO, MODEL UN, MOCK TRIAL, IT'S ACADEMIC, MATH COUNTS, DEBATE CLUB, STUDENT NEWSPAPERS, YEARBOOK, STUDENT COUNCIL, NATIONAL HONOR SOCIETY, WILLIAMS SCHOLARS, CHESS CLUB, BLACK STUDENT UNION, ONE LAKER | ONE LOVE CLUB, JEWISH AWARENESS CLUB, AND CYBERSECURITY. OUR FACILITIES: SINCE 1960 BOYS' LATIN HAS CALLED OUR CAMPUS ON BOTH SIDES OF LAKE AVENUE HOME. OUR SCHOOL HAS GROWN FROM A SINGLE RENTED CLASSROOM IN DOWNTOWN BALTIMORE TO A BEAUTIFUL SPRAWLING 70+ ACRE CAMPUS WITH STATE-OF-THE-ART FACILITIES. OUR BUILDINGS HOUSE STATE-OF-THE-ART CLASSROOMS, AND EACH DIVISION HAS ITS OWN LIBRARY. A BLACK BOX THEATER PROVIDES SPACE FOR MIDDLE AND UPPER SCHOOL PRODUCTIONS. ADDITIONALLY, TENNIS COURTS, A BASEBALL FIELD, TWO ASTROTURF FIELDS, AND TWO FULL-SERVICE ATHLETIC FACILITIES PROVIDE THE PERFECT VENUES FOR STUDENT-ATHLETES TO PLAY AND COMPETE WITH CHARACTER. IN JANUARY OF 2020, BOYS' LATIN PURCHASED 28 ACRES ADJACENT TO OUR SOUTH CAMPUS, WHICH HAS BEEN TRANSFORMED INTO AN EXPANSIVE RESIDENTIAL LIVING FACILITY. THE FIRST BOARDING STUDENTS JOINED OUR COMMUNITY IN THE FALL OF 2021. IN ADDITION TO THE BOARDING FACILITIES, THE NEW PROPERTY PROVIDES STUDENTS IN ALL DIVISIONS WITH A MYRIAD OF OUTDOOR LEARNING OPPORTUNITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,863,047
Program Service Revenue $22,686,003
Investment Income $1,546,623
Other Revenue $301,715
TOTAL REVENUE $27,397,388

Expense Breakdown

Grants Paid $5,739,652
Salaries & Benefits $14,281,541
Fundraising Expenses $1,435,819
Program Expenses $23,001,306
Other Expenses $10,307,041
TOTAL EXPENSES $30,328,234

Year-over-Year Comparison

2024 2023 Change
Revenue $27,397,388 $30,217,579 -0.1%
Expenses $30,328,234 $28,564,120 +0.1%
Net Income $-2,930,846 $1,653,459 -2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
22
Independent Members
21
Employees
235
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$832,445
Total Directors
22
$0
Key Employees
1
$214,833
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD H BAGBY PRESIDENT 2.00
Officer Director
$0 $0 $0
W KYLE GORE FIRST VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
GREGORY S HORNING TREASURER 2.00
Officer Director
$0 $0 $0
JOSEPH COWAN ASSISTANT TREASURER 2.00
Officer Director
$0 $0 $0
EILEEN WILCOX SECRETARY 2.00
Officer Director
$0 $0 $0
J DUNCAN SMITH ASSISTANT SECRETARY 2.00
Officer Director
$0 $0 $0
JAMES C ALBAN IV BOARD MEMBER 2.00
Director
$0 $0 $0
RALEIGH BRENT BOARD MEMBER 2.00
Director
$0 $0 $0
CASSANDRA N BROOKS BOARD MEMBER 2.00
Director
$0 $0 $0
JUAN M BUENDIA BOARD MEMBER 2.00
Director
$0 $0 $0
THOMAS P FINNERTY BOARD MEMBER 2.00
Director
$0 $0 $0
HAROLD G HATHAWAY III BOARD MEMBER 2.00
Director
$0 $0 $0
DANA JACKSON BOARD MEMBER 2.00
Director
$0 $0 $0
SHELLY HAIRSTON-JONES BOARD MEMBER 2.00
Director
$0 $0 $0
FRANK S JONES JR BOARD MEMBER 2.00
Director
$0 $0 $0
WARNER P MASON BOARD MEMBER 2.00
Director
$0 $0 $0
RYAN MCCLERNAN BOARD MEMBER 2.00
Director
$0 $0 $0
RYAN MOLLETT BOARD MEMBER 2.00
Director
$0 $0 $0
MARK G MOXLEY BOARD MEMBER 2.00
Director
$0 $0 $0
JENNIFER ST JOHN BOARD MEMBER 2.00
Director
$0 $0 $0
JASON AL TIMOLL BOARD MEMBER 2.00
Director
$0 $0 $0
KIMBERLY M WOLFF BOARD MEMBER 2.00
Director
$0 $0 $0
CHRISTOPHER POST HEADMASTER 40.00
Officer
$486,227 $130,604 $616,831
SEAN KRIEBEL CFO/ASSISTANT HEADMASTER 40.00
Officer
$201,598 $14,016 $215,614
CRAIG BROOKS ASSOC HEADMASTER FOR DEVELOPMENT 40.00
Key Emp
$178,189 $36,644 $214,833
R BRANDON MOLLETT ACADEMIC DEAN 40.00
Highest
$145,999 $18,818 $164,817
BRIAN MITCHELL DIRECTOR OF ENROLLMENT MANAGEMENT 40.00
Highest
$143,023 $36,644 $179,667
JENNIFER MCDONALD ACCOUNTING MANAGER 40.00
Highest
$128,508 $21,834 $150,342
JAMES CURRIE DIRECTOR MIDDLE SCHOOL ADMIN 40.00
Highest
$124,013 $20,268 $144,281
ALEX ONYEKWERE DIRECTOR OF TECHNOLOGY 40.00
Highest
$121,673 $26,751 $148,424
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $27,397,388 $30,328,234 $137,287,065 $-2,930,846
2024 No data No data No data No data
2023 $32,341,525 $25,780,644 $135,818,108 $6,560,881
2022 $27,850,160 $25,534,229 $119,317,590 $2,315,931
2021 $35,747,115 $24,470,333 $127,215,598 $11,276,782
2020 $26,263,107 $22,825,249 $97,301,980 $3,437,858
2019 $21,968,924 $21,492,011 $85,077,931 $476,913
2018 $23,012,659 $21,174,506 $86,045,185 $1,838,153
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