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Financial Information
How we operate.
The Maryland School for the Blind is a private school and is tax exempt under Internal Revenue Service
regulations. It is funded mainly through a grant from the Maryland State Department of Education. Donations are received from individuals, corporations, foundations, and community groups.
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FY 2003 |
FY 2004 |
FY 2005 |
FY 2006 |
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Revenues * |
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$
17,986,529
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$19,999,564
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$21,973,401
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$ 22,650,160
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Maryland State Appropriation |
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12,653,498
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13,688,788
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14,205,415
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15,427,759
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Program Services |
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1,759,885
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2,049,139
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3,244,844
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3,494,757
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Sponsored Projects |
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1,078,287
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1,209,883
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1,214,157
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681,371
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Private Gifts & Bequests |
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776,805
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972,456
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1,018,513
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1,187,330
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Investment Income |
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768,990
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745,767
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803,643
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466,165
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Contribution from Endowment |
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671,410
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1,029,000
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1,147,008
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1,095,199
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Other Revenues |
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277,654
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304,531
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339,821
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297,579
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* Investment related revenues and consolidated entities not included. |
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Expenses ** |
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$
17,986,529 |
$19,999,564
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$21,973,401
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$ 22,650,160
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Instruction |
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6,428,741 |
7,515,415 |
8,205,041 |
7,975,268 |
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Educational Support |
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2,822,893 |
3,152,137 |
3,865,255 |
3,940,547 |
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Residential Services |
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2,133,420 |
2,372,362 |
2,705,332 |
2,976,065 |
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Nutrition, Research & Instructional |
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Resource Center |
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1,257,615 |
1,323,965 |
1,163,977 |
1,231,006 |
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General Administration |
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1,743,246 |
1,985,539 |
2,412,459 |
2,968,806 |
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Facilities |
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2,498,579 |
2,736,084 |
2,576,859 |
2,743,489 |
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Depreciation |
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1,102,035 |
914,062 |
1,044,478 |
814,979 |
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** Expenses of consolidated entities not included. |
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For additional information, contact: |
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Robin L. Churchill, CPA, Chief Financial Officer |
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410-444-5000 |
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robinc@mdschblind.org |
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