2024-05-13T12:38:20-05:00 2023-06-30 521197902 MULLEN SONDBERG WIMBISH & STONE PA 888 BESTGATE ROAD SUITE 310 ANNAPOLIS MD 21401 990 2022-07-01 520591488 CORPORATION OF ST TIMOTHY'S SCHOOL CORP 4104867400 8400 GREENSPRING AVENUE STEVENSON MD 21153 ANNE MARIE ESPOSITO BUSINESS MANAGER/CFO 4104867400 2024-05-13 1 ANNE MARIE ESPOSITO 999009999 1 PATRICK M HANTSKE CPA P00440640 4102244920 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANNE MARIE ESPOSITO 8400 GREENSPRING AVENUE STEVENSON MD 21153 14327807 0 X WWW.STT.ORG X 1832 MD ST. TIMOTHY'S SCHOOL IS A COLLEGE PREPARATORY BOARDING AND DAY SCHOOL FOR GIRLS GRADES 9-12. 22 22 108 0 416682 0 1992369 2879387 9282887 9258176 830406 819745 108389 161684 12214051 13118992 3658050 3695400 0 0 4544718 5081606 0 0 662200 4628210 4809053 12830978 13586059 -616927 -467067 44018267 44673850 2629396 2619448 41388871 42054402 X FOUNDED IN 1832, ST. TIMOTHY'S SCHOOL IS A COLLEGE PREPARATORY BOARDING AND DAY SCHOOL, PREPARING GIRLS TO ASSUME POSITIONS OF LEADERSHIP WITH MORAL FOCUS AND COURAGE, INTELLECTUAL HONESTY AND ACUMEN, AND THE CONFIDENCE TO ACT RESPONSIBLY AND ETHICALLY IN ALL AREAS OF THEIR LIVES. ST. TIMOTHY'S INSTILLS A PASSION FOR LEARNING, AND IS COMMITTED TO THE FORMATION OF CHARACTER, SPIRITUAL GROWTH, SOCIAL RESPONSIBILITY, AND A RESPECT FOR DIVERSITY. SUCH COMMITMENTS ARE THE HALLMARKS OF OUR HERITAGE. ST. TIMOTHY'S CURRICULUM IS BASED UPON THE INTERNATIONAL BACCALAUREATE PROGRAM, WHICH IS ONE OF THE MOST RIGOROUS AND ADVANCED CURRICULA TODAY FOR PREPARING STUDENTS FOR THE VARIED CHALLENGES THEY WILL CONFRONT THROUGHOUT THEIR LIVES. ST. TIMOTHY'S OFFERS A RICH AND HIGHLY INDIVIDUALIZED PROGRAM WITH SUPERB RESOURCES IN ATHLETICS, ARTS, CLUBS, WORLD AFFAIRS AND COMMUNITY SERVICE, CAPITALIZING ON THE TALENTS AND STRENGTHS OF EACH INDIVIDUAL STUDENT. 0 0 10510075 3695400 8997751 PROVIDING BOARDING AND DAY STUDENTS GRADE 9-12 WITH AN UNPARALLELED SETTING, STRONG COMMUNITY, COMPREHENSIVE RESOURCES, AND PREMIER EDUCATION BASED ON THE INTERNATIONAL BACCALAUREATE DIPLOMA PROGRAM 10510075 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 54 0 1 108 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X THE ORGANIZATION 4104867400 8400 GREENSPRING AVENUE STEVENSON MD 21153 ELEANOR WRIGHT LINDEMANN CHAIR 2.00 X X 0 0 0 ELIZABETH VALK LONG VICE CHAIR 2.00 X X 0 0 0 JOAN ELLIS TREASURER 2.00 X X 0 0 0 CALVINE BOWEN DUNNAN SECRETARY 2.00 X X 0 0 0 SERENA KOVEN ARNETT TRUSTEE 1.00 X 0 0 0 SUSAN HANDY DUPONT TRUSTEE 1.00 X 0 0 0 BARBARA WELLS CARTON TRUSTEE 1.00 X 0 0 0 ANNA PRINCE JONES TRUSTEE 1.00 X 0 0 0 THE RIGHT REV JOHN L RABB TRUSTEE 1.00 X 0 0 0 BARBARA WHITAKER OVERSTREET TRUSTEE 1.00 X 0 0 0 DR WHITMAN LILLEY REARDON TRUSTEE 1.00 X 0 0 0 F ALEXANDER FRISCH TRUSTEE 1.00 X 0 0 0 JAMES BIGGS TRUSTEE 1.00 X 0 0 0 ELEANOR GIBSON TRUSTEE 1.00 X 0 0 0 ABBY VAN PELT TRUSTEE 1.00 X 0 0 0 CATHERINE CARRUTHERS TRUSTEE 1.00 X 0 0 0 ANNA NICETA-LLOYD TRUSTEE 1.00 X 0 0 0 CYNTHIA DAUT LOVE TRUSTEE 1.00 X 0 0 0 PAULA B MAYS TRUSTEE 1.00 X 0 0 0 DEBRA SALIM TRUSTEE 1.00 X 0 0 0 ELIZABETH BRIGHT WALLACE TRUSTEE 1.00 X 0 0 0 MARY HILLIARD WILSON TRUSTEE 1.00 X 0 0 0 RANDY STEVENS HEAD OF SCHOOL 40.00 X 357510 0 87929 ANNE ESPOSITO BUSINESS MANAGER/CFO 40.00 X 198183 0 9563 JERRY FREED DIRECTOR OF FACILITIES 40.00 X 137084 0 15965 ROZ MOORE DIRECTOR OF DEVELOPMENT 40.00 X 133250 0 19218 LARRY PARKS DIRECTOR OF IT 40.00 X 105639 0 14415 931666 0 147090 5 0 1 0 BON APPE'TIT PO BOX 417362 BOSTON MA 02241 FOOD SERVICE 604739 FLO-TRON CONTRACTING INC 10604 BEAVER DAM ROAD COCKEYSVILLE MD 21030 HVAC/MECHANICAL 143385 CLEANING SION LLC 2 EAST JOPPA ROAD APT 411 TOWSON MD 21286 KITCHEN LABOR 143311 CORBIN FUEL PO BOX 689 BEL AIR MD 21014 HEATING OIL 134085 4 2879387 571636 2879387 TUITION, BOARD & FEES 713990 8247150 8247150 HORSEBACK RIDING 713990 528470 268045 260425 MISCELLANEOUS & FEES 713990 303076 303076 ACTIVITY FEES 713990 162025 162025 INFIRMARY 713990 17455 17455 9258176 401137 401137 156257 0 156257 156257 156257 1230470 385873 1169129 28606 61341 357267 418608 418608 16507 11080 5427 5427 13118992 8997751 416682 825172 3695400 3695400 684090 377618 236011 70461 3720329 2314320 1078088 327921 149168 104361 30730 14077 236411 163726 50601 22084 291608 204016 60074 27518 66445 66445 51665 51665 221774 117809 53660 50305 121186 48759 49049 23378 58445 24386 30604 3455 1138258 780375 241846 116037 75058 59364 8730 6964 29016 14410 14606 1255759 954377 301382 261419 130709 130710 FOOD 797372 797372 OTHER RIDING PROGRAM EX 200019 200019 DEPARTMENT EXPENSE 188531 188531 ATHLETIC EXPENSE 137532 137532 206574 196991 9583 13586059 10510075 2413784 662200 347 522 4444895 4701882 4614 125201 366890 20599 17830 92334 63900 48497869 24911295 24125300 23586574 14644656 15241427 560321 694825 44018267 44673850 219918 250792 1849157 1673831 560321 694825 2629396 2619448 X 30692193 30624083 10696678 11430319 41388871 42054402 44018267 44673850 -467067 1165678 -33080 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.83 1 0 14371443 826159 1405719 1020000 15583321 16889227 131547 -1951147 698184 14371443 13494315 3394912 16889227 13054294 20000 420021 13494315 13258306 424988 629000 13054294 0.56140 0.41450 0.02410 0 0 393186 393186 39129858 17392592 21737266 8503952 7512328 991624 470873 6375 464498 23586574 DEFERRED COMPENSATION LIABILITY 694825 694825 X 10567270 1165678 -3695400 -2529722 13096992 33080 -11080 22000 13118992 9901739 11080 11080 9890659 3695400 3695400 13586059 PART II, LINE 5: THE SCHOOL DOES NOT REPORT ON ITS .83 ACRE EASEMENT AS SUCH, A POLICY HAS NOT BEEN DEVELOPED FOR THE CONSERVATION EASEMENT. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE SCHOOL'S EDUCATION, ARTISTIC, ATHLETIC AND RESIDENTIAL PROGRAMS AND FACILITIES, FINANCIAL AID, MERIT AWARDS AND FACULTY DEVELOPMENT AND SALARIES. PART X, LINE 2: THE SCHOOL FOLLOWS THE GUIDANCE OF ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" WHICH CLARIFIES THE ACCOUNTING FOR THE RECOGNITION AND MEASUREMENT OF THE BENEFITS OF INDIVIDUAL TAX POSITIONS IN THE FINANCIAL STATEMENTS, INCLUDING THOSE OF NON-PROFIT ORGANIZATIONS. TAX POSITIONS MUST MEET A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT IN ORDER FOR THE BENEFIT OF THOSE TAX POSITIONS TO BE RECOGNIZED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL ANALYZES TAX POSITIONS TAKEN, INCLUDING THOSE RELATED TO THE REQUIREMENTS SET FORTH IN IRC SEC. 501(C) TO QUALIFY AS A TAX EXEMPT ORGANIZATION, ACTIVITIES PERFORMED BY VOLUNTEERS AND BOARD MEMBERS, THE REPORTING OF UNRELATED BUSINESS INCOME, AND ITS STATUS AS A TAX-EXEMPT ORGANIZATION UNDER MARYLAND STATE STATUTE. THE SCHOOL DOES NOT KNOW OF ANY TAX BENEFITS ARISING FROM UNCERTAIN TAX POSITIONS AND THERE WAS NO EFFECT ON THE SCHOOL'S FINANCIAL POSITION OR CHANGES IN NET ASSETS AS A RESULT OF ANALYZING ITS TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -3,695,400. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOKSTORE COGS -11,080. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COGS 11,080. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,695,400. PART II, LINE 8 THE FOREST BUFFER EASEMENT WAS ACQUIRED ON MAY 9, 2001. THIS EASEMENT IS NOT SUBJECT TO COMPLIANCE WITH SECTION 170(H)(4)(B)(I) OR SECTION 170(H)(4)(B)(II) SINCE THE DATE OF ACQUISITION IS PRIOR TO AUGUST 17, 2006. PART II, LINE 9. THE ORGANIZATION DOES NOT REPORT ON ITS .83 ACRE EASEMENT AS SUCH, NO AMOUNTS ARE REPORTED ON THE BALANCE SHEET. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH PUBLICATIONS IN SCHOOL BROCHURES, THE SCHOOL WEBSITE, LOCAL NEWSPAPERS, AND PERIODICALS. 1 FINANCIAL AID AWARDED TO STUDENTS BASED ON NEED AND MERIT 121 3695400 FAIR VALUE OF TUITON SCHEDULE I, PART I, LINE 2 THE STUDENT'S PARENT(S) APPLIES FOR THE FINANCIAL AID BY COMPLETING THE UNIFORM SSS FORM. THE FINANCIAL AID COMMITTEE REVIEWS THE SSS FORMS AND AWARDS FINANCIAL AID ON AN AS-NEEDED BASIS. THE AMOUNT OF EACH AWARD IS APPLIED TO THE RESPECTIVE STUDENT'S TUITION BILL. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 RANDY STEVENS HEAD OF SCHOOL 330510 0 0 0 27000 0 15250 0 72679 0 445439 0 0 0 ANNE ESPOSITO BUSINESS MANAGER/CFO 177683 0 0 0 20500 0 8884 0 679 0 207746 0 0 0 JERRY FREED DIRECTOR OF FACILITIES 137084 0 0 0 0 0 6854 0 9111 0 153049 0 0 0 ROZ MOORE DIRECTOR OF DEVELOPMENT 133250 0 0 0 0 0 6662 0 12556 0 152468 0 0 0 PART I, LINE 1A AS PART OF THE PRESIDENT'S CONTRACT, THE PRESIDENT (HEAD OF SCHOOL) IS REQUIRED TO LIVE IN A HOUSE LOCATED ON THE SCHOOL'S PREMISES. AS SUCH, EXPENSES RELATED TO THIS REQUIREMENT ARE REIMBURSED BY THE SCHOOL. THIS BENEFIT WAS VALUED TO BE $72,000 AND WAS INCLUDED IN HIS COMPENSATION AS A NON-TAXABLE BENEFIT DUE TO THE CIRCUMSTANCES ABOVE. X 19 470033 FMV X HORSE 0 85000 X EQUIPMENT AND SUPPLIES 0 7790 X FOOD FOR EVENT 0 5024 X SERVICES 0 2000 X TRAVEL 0 1789 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990 AND ITS ACCOMPANYING SCHEDULES WITH THE HEAD OF SCHOOL AND BUSINESS MANAGER BEFORE THE 990 IS FILED. A COPY OF THE FULL FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD OF TRUSTEES TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ST. TIMOTHY'S SCHOOL HAS WRITTEN CONFLICT OF INTEREST POLICIES FOR BOTH THE BOARD OF TRUSTEES AND ITS FACULTY AND STAFF. THE BOARD OF TRUSTEES SIGNS A STATEMENT ANNUALLY ATTESTING TO THE CONFLICT OF INTEREST POLICY. THE CODE OF ETHICS WITHIN THE FACULTY AND STAFF HANDBOOK IS REVIEWED ANNUALLY BY SENIOR MANAGEMENT AND SIGNED ANNUALLY BY EVERY MEMBER OF THE FACULTY AND STAFF. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR, AS PART OF THE BUDGET CYCLE, THE BUSINESS MANAGER PROVIDES THE BOARD OF TRUSTEES WITH COMPARABLE SALARY DATA FOR ALL KEY POSITIONS FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS SURVEY. THE SCHOOL IS COMPARED WITH A PEER GROUP OF SIXTEEN SCHOOLS OF SIMILAR SIZE AND MISSION. THE BOARD APPROVES ALL SALARY INCREASES FOR THE HEAD OF SCHOOL, THE CFO, AND THE TOTAL SALARY POOL FOR ALL OTHER POSITIONS BASED ON THIS DATA AS WELL AS ON THE FINANCIAL POSITION OF THE SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR THE SELECTION OF THE INDEPENDENT AUDITOR AND THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ALUMNAE ASSOCIATION OF ST TIMOTHY'S SCHOOL & HANNAH MORE ACADEMY 8400 GREENSPRING AVENUE STEVENSON MD 21153 526035342 TO SUPPORT ST. TIMOTHY'S SCHOOL AND CULTIVATE ALUMNI MD 501(C)(3) LINE 12D, III-O 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0