2024-05-16T10:04:05-05:00 2023-06-30 061009205 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2022-07-01 530196507 THE HOLTON ARMS SCHOOL HOLT 3013655300 7303 RIVER ROAD BETHESDA MD 20817 TRACEY FUDGE CFO & COO 3013655300 2024-05-15 1 TRACEY FUDGE XXX-XX-XXXX 0 LAURA J KENNEY P00202198 6177170831 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TRACEY FUDGE 7303 RIVER ROAD BETHESDA MD 20817 64394449 0 X WWW.HOLTON-ARMS.EDU X 1964 MD THE HOLTON ARMS SCHOOL IS AN EDUCATIONAL INSTITUTION FOR GIRLS IN GRADES THREE THROUGH TWELVE. 20 20 478 96 0 0 4640788 6019841 34575604 37149442 2429148 2416679 472752 547146 42118292 46133108 5304615 5390930 0 0 22458868 24032740 0 0 1921807 12373206 12399750 40136689 41823420 1981603 4309688 129884034 137236028 52912485 54464300 76971549 82771728 THE MISSION OF THE HOLTON-ARMS SCHOOL IS TO CULTIVATE THE UNIQUE POTENTIAL OF YOUNG WOMEN THROUGH THE "EDUCATION NOT ONLY OF THE MIND, BUT OF THE SOUL AND SPIRIT". 0 0 32223877 5391930 37224603 FOUNDED IN 1901, HOLTON-ARMS IS A COLLEGE-PREPARATORY SCHOOL FOR GIRLS GRADES 3-12. THE SCHOOL PROVIDES RIGOROUS AND DYNAMIC PROGRAMS IN THE TRADITIONAL ACADEMIC AREAS, THE FINE AND PERFORMING ARTS, AND ATHLETICS. THE SCHOOL IS ACCREDITED BY: MIDDLE STATES ASSOCIATION OF COLLEGES & SCHOOLS; ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS; AND LICENSED IN THE STATE OF MARYLAND. 32223877 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 28 0 1 478 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X TRACEY FUDGE CFO & COO 3013656034 7303 RIVER ROAD BETHESDA MD 20817 ADRENA IFILL BLAGBURN CHAIR 10.00 X X 0 0 0 JOHN KLICK PRESIDENT 10.00 X X 0 0 0 SANDRA ENGLE GICHNER SECRETARY 10.00 X X 0 0 0 MARCIA BATESON TRUSTEE 3.00 X 0 0 0 GREGORY BERNSTEIN TRUSTEE 3.00 X 0 0 0 CLARA BRILLEMBOURG TRUSTEE 3.00 X 0 0 0 CATHY BUTZ TRUSTEE 3.00 X 0 0 0 CAL DAGGITT TRUSTEE 3.00 X 0 0 0 JAMES DARCEY TRUSTEE 3.00 X 0 0 0 CLARK ERVIN TRUSTEE 3.00 X 0 0 0 MIRIAM HERMAN TRUSTEE 3.00 X 0 0 0 MARK ISRAEL TRUSTEE 3.00 X 0 0 0 ANNE KEISER TRUSTEE 3.00 X 0 0 0 ROBERT NICHOLS TRUSTEE 3.00 X 0 0 0 MARK ORDAN TRUSTEE 3.00 X 0 0 0 DAVID POLLIN TRUSTEE 3.00 X 0 0 0 JENNIFER CORNFELD SCHENKER TRUSTEE 3.00 X 0 0 0 JESSIE STERCHI TRUSTEE 3.00 X 0 0 0 MOLLIE WILLIAMS TRUSTEE 3.00 X 0 0 0 BETHANY YOUNG TRUSTEE 3.00 X 0 0 0 BARBARA GITENSTEIN TRUSTEE (THRU 01/2023) 3.00 X 0 0 0 SUSANNA JONES HEAD OF SCHOOL 40.00 X 614275 0 115850 TRACEY L FUDGE CFO & COO 40.00 X 297802 0 36833 ANN KANGAS DIRECTOR OF ADVANCEMENT 40.00 X 214842 0 27863 MICHAEL P JOYCE DIRECTOR OF FACILITIES 40.00 X 194294 0 23654 CHRISTOPHER LYNCH DIRECTOR OF UPPER SCHOOL 40.00 X 189998 0 75321 CHRISTY DIEFENDERFER DIRECTOR OF LOWER SCHOOL 40.00 X 172574 0 13274 MICHAEL ROBERTSON DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 169363 0 23459 1853148 0 316254 70 0 1 0 COX GRAAE SPACK ARCHITECTS 2909 M ST NW WASHINGTON DC 20007 CONSTRUCTION 1661290 MERIWETHER GODSEY 49044 OLD BOONSBORO ROAD LYNCHBURG VA 24503 FOOD SERVICES 1329850 PALM FACILITY SERVICES LLC 10401 CONNECTICUT AVE SUITE 100 KENSINGTON MD 20895 CLEANING SERVICES 537291 MIDDLEDORF BUS COMPANY INC 7801 ANNBAR LANE CLINTON MD 20735 TRANSPORTATION SERVICES 325063 TOMKAT CONSTRUCTION LLC 7800 AIRPARK ROAD 6 GAITHERSBURG MD 20879 CONSTRUCTION 308447 25 6019841 1723452 6019841 EDUCATIONAL PROGRAM 900099 33641025 33641025 STUDENT SUPPORT SERVIC 900099 3508417 3508417 37149442 2620529 2620529 279275 0 279275 279275 279275 17931810 53055 18188612 103 -256802 52952 -203850 -203850 127325 0 127325 127325 138011 72626 65385 65385 OTHER INCOME 900099 75161 75161 75161 46133108 37224603 0 2888664 5390930 5390930 1853148 531935 1106371 214842 17881829 14762672 2209105 910052 1359276 1053439 228358 77479 1530701 1186293 257158 87250 1407786 1091034 236508 80244 65448 65448 578338 578338 56700 56700 121041 121041 2444769 1894697 410721 139351 26382 26382 259506 201117 43597 14792 322001 322001 1891194 1465675 317721 107798 158620 122931 26648 9041 769957 769957 2012073 1559357 338028 114688 421976 421976 STUDENT TRANSPORTATION 506883 506883 TRAINING 267944 207657 45015 15272 PRINTING & PUBLICATION 245345 190142 41218 13985 2251573 1710732 403828 137013 41823420 32223877 7677736 1921807 28325 34746 9064918 22328570 2782740 1611023 23449785 23486556 65385 65385 1130832 764496 87990456 51984686 36222805 36005770 38249409 39385551 18685644 13297455 204191 256476 129884034 137236028 2845398 3083544 30591099 32458776 18768448 18307039 707540 614941 52912485 54464300 X 56808768 60480184 20162781 22291544 76971549 82771728 129884034 137236028 4309688 1490491 0 X 0 1 X 1 0 X 3345375 2438755 2638228 4640788 6019841 19082987 3345375 2438755 2638228 4640788 6019841 19082987 1531406 17551581 2180866 1819748 2158885 2500289 2899804 11559592 149453 143114 124996 157650 127325 702538 31345117 169814179 0.55990 0.57890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46683595 1464193 3548635 110032 1858317 49728074 53171590 967451 -4507361 135894 2812191 46683595 42975685 1082632 11109922 116087 1880562 53171590 43225760 1509901 273569 95566 1937979 42975685 43019405 1242089 2054174 55212 3034696 43225760 0.65000 0.29000 0.06000 0 0 4780313 4780313 73387448 44596263 28791185 4090832 3489607 601225 5731863 3898816 1833047 36005770 13297455 F 13297455 FUNDS HELD FOR OTHERS 614941 614941 X 42183254 1490491 72626 1563117 40620137 121041 5391930 5512971 46133108 36383075 72626 72626 36310449 121041 5391930 5512971 41823420 PART X, LINE 2: THE SCHOOL IS A NONPROFIT ORGANIZATION GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. HOWEVER, THE SCHOOL IS SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME AS DEFINED BY THE INTERNAL REVENUE SERVICE. THE SCHOOL MAY RECOGNIZE A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON LINE 10B 72,626. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION REVENUE 5,391,930. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON LINE 10B 72,626. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION REVENUE 5,391,930. PART V, LINE 4: THE BOARD OF TRUSTEES SETS THE ANNUAL SPENDING POLICY FOR THE ENDOWMENT AND RESERVES TO BALANCE THE GOALS OF PROVIDING SUPPORT FOR CURRENT OPERATIONS AND MAINTAINING LONG-TERM ASSETS FOR THE FUTURE NEEDS OF THE SCHOOL. 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 RACIAL NONDISCRIMINATION POLICY IS PUBLICIZED THROUGH PRINTED MATERIALS, PERIODIC ADVERTISEMENTS AND THROUGH THE ORGANIZATION'S WEBSITE HOMEPAGE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS 0 0 INVESTMENTS 13297454 0 0 0 0 0 0 13297454 0 13297454 1 0 1 0 0 0 PART III ACCOUNTING METHOD: AUCTION 127325 127325 127325 127325 127325 1 FINANCIAL AID 158 4650417 RECIPROCAL TUITION REMISSION 29 740513 PART I, LINE 2: THE SCHOOL AWARDS FINANCIAL AID BASED ON THE DECISIONS OF THE SCHOOL'S FINANCIAL AID COMMITTEE WHICH USES AN INDEPENDENT THIRD PARTY TO ESTABLISH THE NEED OF THE RECIPIENTS. GRANT SUPPORT: THE ALUMNAE SCHOLARSHIP IS AWARDED TO AN 11TH GRADE STUDENT BASED ON AN APPLICATION PROCESS. THE ACWORTH SCHOLARSHIPS SUPPORT STUDENTS WITH ANNUAL AWARDS EACH BASED ON FINANCIAL NEED AND OTHER CRITERIA ESTABLISHED BY THE ACWORTH FOUNDATION. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 SUSANNA JONES HEAD OF SCHOOL 500555 0 43088 0 70632 0 23350 0 92500 0 730125 0 0 0 TRACEY L FUDGE CFO & COO 297802 0 0 0 0 0 23296 0 13537 0 334635 0 0 0 CHRISTOPHER LYNCH DIRECTOR OF UPPER SCHOOL 189998 0 0 0 0 0 17378 0 57943 0 265319 0 0 0 ANN KANGAS DIRECTOR OF ADVANCEMENT 214842 0 0 0 0 0 17041 0 10822 0 242705 0 0 0 MICHAEL P JOYCE DIRECTOR OF FACILITIES 194294 0 0 0 0 0 14364 0 9290 0 217948 0 0 0 MICHAEL ROBERTSON DIRECTOR OF INFORMATION TECHNOLOGY 169363 0 0 0 0 0 13610 0 9849 0 192822 0 0 0 CHRISTY DIEFENDERFER DIRECTOR OF LOWER SCHOOL 172574 0 0 0 0 0 11700 0 1574 0 185848 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVED ON-CAMPUS HOUSING AND CLEANING SERVICES OF PUBLIC AREAS FOR SCHOOL FUNCTIONS/EVENTS. THE DIRECTOR OF UPPER SCHOOL RECEIVED EMPLOYER-PROVIDED HOUSING. THESE WERE TREATED AS NON-TAXABLE. PART I, LINE 4B THE SCHOOL PROVIDES THE HEAD OF SCHOOL WITH A NONQUALIFIED DEFERRED COMPENSATION PLAN. THE PLAN HAS A SUBSTANTIAL RISK OF FORFEITURE. THE HEAD OF SCHOOL RECEIVED $50,632 FROM HER SECTION 457(F) PLAN FOR AMOUNTS THAT VESTED AND ARE TAXABLE, AS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). A ECONOMIC DEVELOPMENT REVENUE BONDS (HOLTON-ARMS SCHOOL PROJECT) SERIES 526000980 NONEAVAIL 2015-06-17 21352201 TO RETIRE 2002 SERIES BOND & PROVIDE FINANCING FOR SCHOOL CAPITAL PROJECTS 0 0 0 A 2725000 21352201 3000000 18352201 2015 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 1 0 0 0 0 1 A 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: ECONOMIC DEVELOPMENT REVENUE BONDS (HOLTON-ARMS SCHOOL PROJECT) SERIES DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2020 X 28 1723452 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE AMOUNT OF GIFTS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND THEN PRESENTED FOR REVIEW AND APPROVAL TO THE FULL BOARD OF TRUSTEES PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ACCORDING TO THE SCHOOL'S POLICY AND SIGN THE CONFLICT OF INTEREST DISCLOSURE AT THE FIRST BOARD MEETING OF THE YEAR. THE CFO/COO AND CHAIR OF THE FINANCE COMMITTEE REVIEW THE DISCLOSURES AND MONITOR THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES USES A NUMBER OF METRICS AND ANALYSES, INCLUDING INFORMATION FROM COMPARABLE SCHOOLS, TO SET THE TOTAL COMPENSATION PACKAGE FOR THE HEAD OF SCHOOL. SCHOOL ADMINISTRATOR COMPENSATION IS COMPARED TO BENCHMARK INFORMATION FROM COMPARABLE SCHOOLS. THE COMPENSATION COMMITTEE REVIEWS THIS PROCESS ANNUALLY. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.