THE FOUNDATION SCHOOLS
All Students Experience Success
THE FOUNDATION SCHOOLS
EIN: 23-7425256
as of September 2023
as of September 18, 2023
Programs and results
Reports and documents
Download annual reportsWhat we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
The Foundation School
We provide our students with special education services that meet curriculum requirements, as well as individual and group therapy to prepare our students to be productive and successful in their future academic and career paths. Our special programs also include home-based counseling and crisis intervention, athletics, alcohol and drug education and prevention, and literacy and remedial reading. The Foundation Schools operates three schools, two in Prince George's County and one in Montgomery County, serving 300 children and adolescents with emotional disabilities and autism from throughout the DC metropolitan area. Many of our students come to us with a history of school failure and are missing the essential skills necessary for them to do well in school. In addition to their behavioral health disabilities, many of our students present with fully diagnosed learning disabilities. Our students are primarily from minority ethnic groups and the majority live in low-income households.
Where we work
External reviews

Financials
Revenue vs. expenses: breakdown
Liquidity in 2022 info
1.86
Months of cash in 2022 info
2.1
Fringe rate in 2022 info
26%
Funding sources info
Assets & liabilities info
Financial data
THE FOUNDATION SCHOOLS
Balance sheetFiscal Year: Jul 01 - Jun 30
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jul 01 - Jun 30
This snapshot of THE FOUNDATION SCHOOLS’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
Profitability info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $359,029 | -$230,751 | $1,312,256 | $3,230,143 | $840,219 |
As % of expenses | 2.4% | -1.5% | 8.1% | 18.4% | 4.5% |
Unrestricted surplus (deficit) after depreciation | $24,795 | -$535,050 | $991,354 | $2,833,285 | $379,772 |
As % of expenses | 0.2% | -3.4% | 6.0% | 15.8% | 2.0% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $15,267,859 | $15,965,584 | $17,523,591 | $20,783,631 | $19,826,112 |
Total revenue, % change over prior year | -1.7% | 4.6% | 9.8% | 18.6% | -4.6% |
Program services revenue | 97.2% | 97.1% | 97.9% | 90.6% | 96.1% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 0.1% | 0.2% | 0.2% | 0.1% | 0.5% |
Government grants | 0.1% | 0.0% | 0.0% | 6.5% | 2.2% |
All other grants and contributions | 2.5% | 2.8% | 1.9% | 2.6% | 1.8% |
Other revenue | 0.0% | 0.0% | 0.0% | 0.2% | -0.5% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $14,910,815 | $15,433,484 | $16,211,931 | $17,545,763 | $18,498,592 |
Total expenses, % change over prior year | -0.3% | 3.5% | 5.0% | 8.2% | 5.4% |
Personnel | 76.9% | 76.0% | 78.4% | 80.8% | 78.4% |
Professional fees | 9.0% | 10.2% | 7.4% | 4.8% | 4.1% |
Occupancy | 8.8% | 8.4% | 8.7% | 9.9% | 11.7% |
Interest | 0.0% | 1.1% | 1.0% | 0.9% | 0.8% |
Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
All other expenses | 5.3% | 4.4% | 4.6% | 3.7% | 5.0% |
Full cost components (estimated) info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $15,245,049 | $15,737,783 | $16,532,833 | $17,942,621 | $18,959,039 |
One month of savings | $1,242,568 | $1,286,124 | $1,350,994 | $1,462,147 | $1,541,549 |
Debt principal payment | $183,585 | $230,593 | $0 | $1,558,959 | $215,323 |
Fixed asset additions | $0 | $0 | $0 | $602,952 | $0 |
Total full costs (estimated) | $16,671,202 | $17,254,500 | $17,883,827 | $21,566,679 | $20,715,911 |
Capital structure indicators
Liquidity info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Months of cash | 3.6 | 4.3 | 4.9 | 6.4 | 2.1 |
Months of cash and investments | 3.6 | 4.3 | 4.9 | 6.4 | 5.0 |
Months of estimated liquid unrestricted net assets | 5.2 | 4.6 | 5.1 | 6.4 | 6.3 |
Balance sheet composition info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Cash | $4,505,649 | $5,476,600 | $6,575,071 | $9,303,969 | $3,300,798 |
Investments | $0 | $0 | $0 | $0 | $4,398,273 |
Receivables | $2,249,371 | $1,716,434 | $2,923,465 | $1,656,959 | $3,307,931 |
Gross land, buildings, equipment (LBE) | $10,690,665 | $10,765,167 | $10,752,470 | $10,903,796 | $10,376,103 |
Accumulated depreciation (as a % of LBE) | 49.6% | 52.0% | 54.0% | 52.7% | 52.5% |
Liabilities (as a % of assets) | 45.2% | 50.8% | 51.3% | 40.0% | 36.2% |
Unrestricted net assets | $6,746,884 | $6,211,834 | $7,203,188 | $10,036,473 | $10,416,245 |
Temporarily restricted net assets | $8,999 | $8,574 | N/A | N/A | N/A |
Permanently restricted net assets | $0 | $0 | N/A | N/A | N/A |
Total restricted net assets | $8,999 | $8,574 | $7,978 | $15,703 | $32,539 |
Total net assets | $6,755,883 | $6,220,408 | $7,211,166 | $10,052,176 | $10,448,784 |
Key data checks
Key data checks info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
CEO
Mrs. Gina James
Mrs. James brings 20 years of experience and expertise working in the educational field to The Foundation Schools, where she has worked for the past 16 years. Mrs. James holds a Bachelor’s of Science Degree in Psychology and two Master’s Degrees in Counseling and Master’s Degree in Special Education with a specialty area in educating emotionally disabled students. Mrs. James currently serves on the Board of Directors for the Maryland Association of Nonpublic Special Education Facilities (MANSEF).
“My passion is working with disadvantaged students to reach their highest potential and helping our staff become effective leaders for our students.”
Number of employees
Source: IRS Form 990
THE FOUNDATION SCHOOLS
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
THE FOUNDATION SCHOOLS
Highest paid employeesSOURCE: IRS Form 990
Compensation data
THE FOUNDATION SCHOOLS
Board of directorsas of 06/07/2023
Board of directors data
Andre Gingles
Gingles, LLC
Eric Randolph
Hopwood Financial Services
Andre J Gingles
Gingles, LLC
Thomas M DeGonia
Ethridge, Quinn, Kemp, McAuliffe, Rowan & Hartinger
Neena Masih
BDO USA
Andrea R Adler
DC Association for Special Education
James Cornelsen
WesBanco
Tara Jackson
Deputy County Attorney, Government Operations, Prince George's County
Marion Porter
CICONIX
Eric Randolph
Hopwood Financial Services
Caroline M Brown
Brown & Peisch PLLC
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
No data
No data
Sexual orientation
No data
Disability
No data