OUR LADY OF THE WOODS CORPORATION

EIN: 521011508 501(c)(3)

BETHESDA, MD

Total Revenue
$9,847,066
Total Expenses
$9,044,734
Total Assets
$20,974,427
Net Assets
$9,660,449
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MD
Principal Officer
JESSICA PALLADINO
Phone
3013653080
Tax Period
2024-07-01 to 2025-06-30

OUR LADY OF THE WOODS CORPORATION, founded in 1975, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2024. Expenses of $9.0M left a modest 8% surplus.

Mission

THE WOODS ACADEMY IS AN INDEPENDENT CO-EDUCATIONAL, INCLUSIVE CATHOLIC SCHOOL OFFERING BOYS AND GIRLS FROM AGE 3 THROUGH GRADE 8 A CHALLENGING AND SUPPORTIVE EDUCATIONAL EXPERIENCE. THE SCHOOL'S MISSION IS TO PREPARE BOYS AND GIRLS TO LEAD LIVES OF SIGNIFICANCE. OUR COMPREHENSIVE PROGRAM ENCOURAGES ALL STUDENTS TO ACHIEVE THEIR FULL INTELLECTUAL, SPIRITUAL, EMOTIONAL, SOCIAL, PHYSICAL, AND CREATIVE POTENTIAL. THE WOODS ACADEMY IS COMMITTED TO PROVIDING A LEARNING ENVIRONMENT AND SCHOOL COMMUNITY THAT PROMOTES PERSONAL INTEGRITY, RESPECT FOR THE UNIQUENESS OF EACH INDIVIDUAL, A SPIRIT OF EQUALITY, AND A COMMITMENT TO SERVICE. BY DEVELOPING SELF-RELIANT CRITICAL THINKERS, THE WOODS ACADEMY PREPARES ITS STUDENTS FOR ACADEMICALLY DEMANDING SECONDARY SCHOOLS, A LIFE-LONG LOVE OF LEARNING, AND THE OPPORTUNITIES AND CHALLENGES PRESENTED BY OUR GLOBAL SOCIETY. AS PART OF THE SCHOOL'S SELF-EVALUATION, ON A CYCLE OF APPROXIMATELY FIVE YEARS, THE BOARD AND ADMINISTRATION WORK CLOSELY TO DEVELOP A STRATEGIC PLAN THAT GUIDES INSTITUTIONAL GROWTH, ENSURES LONG-TERM SUSTAINABILITY, AND ALIGNS WITH THE SCHOOL'S MISSION AND VALUES.

Program Service Accomplishments

Program 1
Expenses: $6,381,210 Revenue: $8,629,056

THE WOODS ACADEMY SERVES A STUDENT POPULATION OF APPROXIMATELY 300 STUDENTS, ALTHOUGH ACTUAL ENROLLMENT FLUCTUATES FROM YEAR TO YEAR, AND A COMMUNITY OF APPROXIMATELY 200 FAMILIES. OUR YOUNGEST...

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THE WOODS ACADEMY SERVES A STUDENT POPULATION OF APPROXIMATELY 300 STUDENTS, ALTHOUGH ACTUAL ENROLLMENT FLUCTUATES FROM YEAR TO YEAR, AND A COMMUNITY OF APPROXIMATELY 200 FAMILIES. OUR YOUNGEST STUDENTS (AGES 3 TO KINDERGARTEN) START WITH A MONTESSORI PROGRAM AND CONTINUE ONTO A MORE TRADITIONAL CLASSROOM FOR GRADES 1 THROUGH 8. THE MONTESSORI APPROACH TO EARLY EDUCATION LAYS THE FOUNDATION FOR OUR LOWER AND MIDDLE SCHOOL ACADEMIC PROGRAMS WHICH DEVELOP INTELLECTUAL DISCIPLINE AND A LIFE-LONG LOVE OF LEARNING. HIGHLIGHTS OF THE WOODS ACADEMY INCLUDE: INCLUSIVE, CATHOLIC SCHOOL WELCOMING STUDENTS FROM ALL BACKGROUNDS AND RELIGIONS WITH 60% CATHOLIC, 40% NON-CATHOLIC; DIVERSE COMMUNITY WITH APPROXIMATELY 40% OF STUDENTS IDENTIFYING AS A STUDENT OF COLOR (THE AVERAGE FOR SCHOOLS WITHIN THE ASSOCIATION OF INDEPENDENT SCHOOLS OF GREATER WASHINGTON IS 34.5%); SMALL CLASS SIZE BY DESIGN WITH AN AVERAGE CLASS SIZE OF 12-15 AND A 7:1 STUDENT-TO-TEACHER RATIO; 50% OF GRADUATES HAVE ATTENDED THE WOODS SINCE MONTESSORI PRESCHOOL; 100% TOP CHOICE HIGH SCHOOL PLACEMENT FOR OUR GRADE 8 STUDENTS; TWO-THIRDS OF WOODS GRADUATES TAKE MULTIPLE HONORS AND/OR AP COURSES THROUGHOUT HIGH SCHOOL; AND THE AVERAGE TEACHER TENURE AT THE WOODS IS 10 YEARS. HALLMARKS OF A WOODS EDUCATION INCLUDE DAILY WORLD LANGUAGE (SPANISH OR FRENCH), MONTESSORI PRESCHOOL, ART, ATHLETICS, FAITH & COMMUNITY LIFE, AND STEAM. THE WOODS ACADEMY ALSO OFFERS EXTENDED CARE, STUDY HALL, SEASONAL TEAM SPORTS AND AFTER SCHOOL ACTIVITIES FOR AFTER SCHOOL HOURS. WHAT SETS THE WOODS ACADEMY APART IS THE GENUINE SENSE OF COMMUNITY. OUR SMALL CLASS SIZE AND CLOSE-KNIT ENVIRONMENT IS OPTIMAL FOR THE PERSONAL AND EDUCATIONAL GROWTH OF STUDENTS. FACULTY, ADMINISTRATION, AND STAFF KNOW THE STUDENTS WELL AND CHALLENGE THEM TO REALIZE THEIR FULL POTENTIAL. PARENTS AND FAMILIES KNOW AND HELP EACH OTHER AND VOLUNTEER THEIR TIME TO SCHOOL ACTIVITIES.

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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 $992,586
Program Service Revenue $8,629,056
Investment Income $252,756
Other Revenue $-27,332
TOTAL REVENUE $9,847,066

Expense Breakdown

Grants Paid $223,158
Salaries & Benefits $6,104,353
Fundraising Expenses $361,390
Program Expenses $6,381,210
Other Expenses $2,717,223
TOTAL EXPENSES $9,044,734

Year-over-Year Comparison

2024 2023 Change
Revenue $9,847,066 $9,847,477 0.0%
Expenses $9,044,734 $9,667,556 -0.1%
Net Income $802,332 $179,921 +3.5%
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
17
Independent Members
17
Employees
86
Volunteers
125

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
6
$552,730
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALFONZO LEON TREASURER 5.00
Officer Director
$0 $0 $0
ALISON PLOTAS TRUSTEE 1.00
Director
$0 $0 $0
DAVID VENKER TRUSTEE 1.00
Director
$0 $0 $0
DONNA BYRNE CHAIR 5.00
Officer Director
$0 $0 $0
ELIZABETH POTARAZU TRUSTEE 1.00
Director
$0 $0 $0
INES VEGA TRUSTEE 1.00
Director
$0 $0 $0
JAMAAL MOBLEY TRUSTEE 1.00
Director
$0 $0 $0
JOHN GLENNON JR TRUSTEE 1.00
Director
$0 $0 $0
KEMBA WALDEN TRUSTEE 1.00
Director
$0 $0 $0
MARC FERRELL TRUSTEE 1.00
Director
$0 $0 $0
MARK JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
MARTHA GUTIERREZ TRUSTEE 1.00
Director
$0 $0 $0
MEGAN GANGULY VICE CHAIR 5.00
Officer Director
$0 $0 $0
PAULA PRYOR TRUSTEE 1.00
Director
$0 $0 $0
REBECCA KENNEDY SECRETARY 5.00
Officer Director
$0 $0 $0
ROBIN CLARK TRUSTEE 1.00
Director
$0 $0 $0
STEVEN GOBIEN TRUSTEE 1.00
Director
$0 $0 $0
JESSICA PALLADINO HEAD OF SCHOOL 40.00
Officer
$326,666 $30,090 $356,756
HASMIG MAHSHIGIAN DIR OF FINANCE & OPERATION 40.00
Officer
$171,694 $24,280 $195,974
JODIE SHOEMAKER ASSISTANT HEAD OF SCHOOL 40.00
Highest
$119,921 $35,947 $155,868
ERIN JEFFERS ATHLETIC DIRECTOR 40.00
Highest
$115,336 $28,330 $143,666
ERIC SMITH DIRECTOR OF TECHNOLOGY 40.00
Highest
$113,999 $22,518 $136,517
HEGHOUSH SHEGERIAN BUSINESS OFFICER 40.00
Highest
$119,541 $14,646 $134,187
PAUL PAOLETTI DIRECTOR OF MIDDLE SCHOOL 40.00
Highest
$111,522 $17,098 $128,620
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 $9,847,066 $9,044,734 $20,974,427 $802,332
2024 $9,847,477 $9,667,556 $19,465,617 $179,921
2023 $9,639,425 $9,401,243 $18,702,677 $238,182
2022 $9,993,926 $8,995,749 $12,069,354 $998,177
2021 $9,381,870 $7,898,870 $10,785,338 $1,483,000
2020 $8,002,669 $8,049,580 $9,455,510 $-46,911
2019 $7,920,731 $7,937,260 $8,813,957 $-16,529
2018 $8,210,374 $8,026,459 $8,763,609 $183,915
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