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Filing year 2023

THE KEY SCHOOL INC

Annapolis, Maryland·EIN 52-0701774·NTEE B200 · Education·501(c)(3)
Total revenue
$23.1M
Total assets
$69.6M
Total expenses
$24.8M
Reported officers
35
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)

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Maryland.

Head of School
Officer (Unspecified)
$489k
$537k
Base
$422k
Bonus
$25k
Other
Benefits
$31k
Upper School Head
Highest Compensated Employee
Median to 75th percentile
$193k
$212k
Base
$131k
Bonus
Other
Benefits
$55k
Director/enrollmt/outreach
Highest Compensated Employee
Median to 75th percentile
$190k
$209k
Base
$126k
Bonus
Other
Benefits
$58k
Director/finance & Ops
Director (Operational)
75th to 90th percentilevs Education peers nationwide
$190k
$208k
Base
$168k
Bonus
Other
Benefits
$13k
Lower School Head
Highest Compensated Employee
Median to 75th percentile
$185k
$203k
Base
$145k
Bonus
Other
Benefits
$33k
Middle School Head
Highest Compensated Employee
Median to 75th percentile
$183k
$201k
Base
$154k
Bonus
Other
Benefits
$21k
Director/communications
Highest Compensated Employee
25th percentile to median
$150k
$165k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Baltimore-Columbia-Towson, MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 28 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE KEY SCHOOL INC equaled 2% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
2%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 7%
from 2022

From $459k in 2022 to $489k in 2023.

$459k
2022
$489k
2023
In today's dollarsEst.
Up 3% in real terms$523k to $537k

Estimated with Baltimore-Columbia-Towson, MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 5% from 2022 to 2023, while revenue fell 7%.

$184k in 2022 to $193k in 2023.
  • Director (Operational) pay rose 12% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE KEY SCHOOL INC

What does the Highest Compensated Employee of THE KEY SCHOOL INC earn?

In 2023, the Highest Compensated Employee of THE KEY SCHOOL INC received $193,229 in total compensation. This pay is above the median (the midpoint) for Highest Compensated Employee roles among Education organizations in Maryland, within the top half of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at THE KEY SCHOOL INC compare with similar nonprofits?

Compared with the same role at Education organizations in Maryland, the 2023 pay of the Highest Compensated Employee at THE KEY SCHOOL INC falls between the median and the 75th percentile. In 2023, the highest total compensation at THE KEY SCHOOL INC equaled 2% of the organization's total expenses. The median for education organizations is 7%.

What are THE KEY SCHOOL INC's revenue and expenses?

In 2023, THE KEY SCHOOL INC reported $23.1M in total revenue and $24.8M in total expenses on its IRS Form 990.

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