2023-02-17T09:06:02-06:00 2022-06-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2021-07-01 520635092 LANDON SCHOOL LAND 3013203200 6101 WILSON LANE BETHESDA MD 20817 CHRISTOPHER A HARPER CFO/COO 3013203200 2023-02-16 1 CHRISTOPHER HARPER 999009999 LAURA KIELCZEWSKI P00740769 3016529100 2023-02-14 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z JAMES NEILL 6101 WILSON LANE BETHESDA MD 20817 54846300 0 X WWW.LANDON.NET X 1936 MD MAINTAINING EDUCATIONAL PROGRAMS FOR STUDENTS AT THE ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL LEVELS. 25 24 386 500 0 0 12069881 18867639 31843070 34314719 465553 528678 272861 623268 44651365 54334304 5243134 5425248 0 0 18862689 19652506 0 0 1727277 8483141 10480795 32588964 35558549 12062401 18775755 66346908 80382622 20530591 19775329 45816317 60607293 X LANDON SCHOOL IS COMMITTED TO THE ETHICAL, INTELLECTUAL, AND PERSONAL DEVELOPMENT OF BOYS. WE CHALLENGE AND INSPIRE THEM TO THINK DEEPLY, INDIVIDUALLY, AND BROADLY; TO LIVE WITH RESPECT AND HONOR; AND TO GROW INTO HEALTHY, WELL-ROUNDED MEN OF INTEGRITY AND CHARACTER WHO SEEK TO MAKE A POSITIVE DIFFERENCE IN THE WORLD AROUND THEM. 0 0 28881154 5425248 34545722 MAINTAINING EDUCATIONAL PROGRAMS FOR STUDENTS AT THE ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL LEVELS. 28881154 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 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 1 100 0 1 386 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 24 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X CHRISTOPHER A HARPER 3013203200 6101 WILSON LANE BETHESDA MD 20817 ALEX BALDWIN CHAIRMAN 1.50 X X 0 0 0 BEVERLY HUDNUT TRUSTEE 1.50 X 0 0 0 BILL MAGRUDER SECRETARY 1.50 X X 0 0 0 BROOKE SEAWELL TRUSTEE 1.50 X 0 0 0 BURNELL E HOLLAND III TRUSTEE 1.50 X 0 0 0 DEBRA GRAHAM TRUSTEE 1.50 X 0 0 0 DONALD DELL TRUSTEE 1.50 X 0 0 0 DR INGER ROSNER TRUSTEE 1.50 X 0 0 0 DWAINE ALLEYNE TRUSTEE 1.50 X 0 0 0 EDWARD LAMADE TRUSTEE 1.50 X 0 0 0 EDWARD M PRINCE JR TRUSTEE 1.50 X 0 0 0 HARMAR THOMPSON TRUSTEE 1.50 X 0 0 0 JEAN-MARIE FERNANDEZ TRUSTEE 1.50 X 0 0 0 JEFF ANSARY TRUSTEE 1.50 X 0 0 0 JEFFREY FREED TREASURER 1.50 X X 0 0 0 JIM NEILL PRESIDENT/HEADMASTER 60.00 X X 601820 0 97530 JOHN BOTTI TRUSTEE 1.50 X 0 0 0 KRISTEN BEST TRUSTEE 1.50 X 0 0 0 LAURA HOFFMAN TRUSTEE 1.50 X 0 0 0 LISA ELLIS WILLIAMS TRUSTEE 1.50 X 0 0 0 MATT HOLLERAN TRUSTEE 1.50 X 0 0 0 MIKE VORIS TRUSTEE 1.50 X 0 0 0 NICK FREEMAN TRUSTEE 1.50 X 0 0 0 OLIVIER KAMANDA VICE CHAIRMAN 1.50 X X 0 0 0 TOM SCOTT TRUSTEE 1.50 X 0 0 0 CHRISTOPHER HARPER CFO/COO 60.00 X 146263 0 31713 PETER GALLO DIRECTOR OF DEVELOPMENT 60.00 X 177266 0 72490 CHARLES FRANKLIN ASSISTANT HEADMASTER 60.00 X 154947 0 70557 ERIN DUFFY HEAD OF MIDDLE SCHOOL 60.00 X 141575 0 70610 JOHN BELLASCHI DIRECTOR OF ETHICS, SERVICE & LEADERSHIP 60.00 X 138911 0 30803 NEIL MAGSINO INFORMATION TECHNOLOGY MANAGER 60.00 X 141460 0 9845 SARAH POWERS DIRECTOR OF ADMISSIONS 60.00 X 154523 0 73248 1656765 0 456796 29 0 1 0 COX GRAAE SPACK ARCHITECTS PC 2909 M ST NW WASHINGTON DC 20007 ARCHITECTURAL SERVICES 2229439 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 948070 RIGHT ANGLE CONTRACTING INC 107 CARPENTER DR STE 120 STERLING VA 20176 CONTRACTOR 664229 COAKLEY & WILLIAMS CONSTRUCTION LLC 7475 WISCONSIN AVE SUITE 900 BETHESDA MD 20814 CONSTRUCTION 654322 BOLANA ENTERPRISES INC 10739 TUCKER STREET SUITE 270 BELTSVILLE MD 20705 FACILITY SERVICES (CLEANING/JANITORIAL) 342518 28 103345 18764294 1729398 18867639 TUITION & FEES 611710 32198425 32198425 AUXILIARY SERVICES 900099 2116294 2116294 34314719 526518 526518 215231 0 215231 215231 215231 2160 0 2160 2160 2160 454963 103345 277929 177034 177034 366839 234067 132772 132772 OTHER INCOME 900099 98231 98231 98231 54334304 34545722 0 920943 5425248 5425248 1169609 988019 127752 53838 14607938 12323006 1601447 683485 680639 583306 71448 25885 2057682 1763429 216000 78253 1136638 974096 119316 43226 56713 56713 58425 58425 48165 48165 698349 307597 301502 89250 127340 9961 94543 22836 1200990 635318 441016 124656 948093 948093 422457 374219 2075 46163 373489 141981 13767 217741 102156 24058 54577 23521 1232657 1019778 158026 54853 280475 280475 EQUIPMENT RENTAL AND MA 1716868 1684479 31937 452 FOOD SERVICES 937357 80 937277 ACADEMICS AND ATHLETICS 925599 844738 80699 162 SUMMER CAMP 420195 420195 931467 413553 254958 262956 35558549 28881154 4950118 1727277 500 500 18375737 22825750 4689644 12989643 17704 78056 216750 221085 126675 49024 573454 683130 73884085 51206520 18259150 22677565 23823269 20635153 264025 222716 66346908 80382622 3070484 2987413 12069604 12469091 4164696 3718785 211831 0 897708 511560 116268 88480 20530591 19775329 X 10559785 17660105 35256532 42947188 45816317 60607293 66346908 80382622 18775755 -3984779 0 X 0 1 X 1 0 X 2359507 2578120 5367085 12069881 18867639 41242232 2359507 2578120 5367085 12069881 18867639 41242232 4286252 36955980 290186 692439 669204 472877 741749 2866455 512793 619714 299095 205824 553194 2190620 46299307 161953749 0.79820 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING EVENTS - 2017 AMOUNT: $ 393,385. 2018 AMOUNT: $ 396,972. 2019 AMOUNT: $ 140,517. 2020 AMOUNT: $ 89,056. 2021 AMOUNT: $ 454,963. OTHER INCOME - 2017 AMOUNT: $ 119,408. 2018 AMOUNT: $ 222,742. 2019 AMOUNT: $ 158,578. 2020 AMOUNT: $ 116,768. 2021 AMOUNT: $ 98,231. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24989567 1287834 -3491137 706961 22079303 19664065 909632 5107753 691883 24989567 18343847 1354321 632389 666492 19664065 17631744 599585 737499 624981 18343847 16627889 529968 1066631 592744 17631744 0.87975 0.12025 0 0 1309749 1309749 51914112 51206520 707592 14237703 14237703 6422521 6422521 22677565 CAPITAL LEASE OBLIGATIONS 88480 88480 X 45296810 -3984779 74760 -5591306 -9501325 54798135 48165 -511996 -463831 54334304 30505834 74760 511996 586756 29919078 48165 5591306 5639471 35558549 PART V, LINE 4: THE DRAW FROM ENDOWMENT IS USED TO SUPPORT GENERAL PROGRAM SERVICES AS WELL AS FOR DESIGNATED PURPOSES, INCLUDING SCHOLARSHIPS, ETHICS FORUMS AND OTHER PROGRAMS (COMMUNITY SERVICE, ACADEMICS, ATHLETICS). PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOL'S TAX-EXEMPT PURPOSE IS SUBJECTED TO TAXATION AS UNRELATED BUSINESS INCOME. THE SCHOOL REPRESENTS THAT THERE IS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2022 AND 2021, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FOR THE YEARS ENDED JUNE 30, 2022 AND 2021, THE MANAGEMENT OF THE SCHOOL DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED, TAX YEARS SINCE 2018 REMAIN OPEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -5,591,306. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS -234,067. FUNDRAISING EXPENSES -277,929. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS 234,067. FUNDRAISING EXPENSES 277,929. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 5,591,306. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 AN ANNOUNCEMENT IS PLACED IN THE WASHINGTON POST NEWSPAPER PUBLICIZING THE SCHOOL'S NONDISCRIMINATION POLICY. THIS IS DONE ANNUALLY BY AISGW (ASSOCIATION OF INDEPENDENT SCHOOLS OF GREATER WASHINGTON) AS A GROUP ANNOUNCEMENT. AZALEA FESTIVAL 427384 76894 350490 196084 HOLIDAY GREENS SALE 108703 8800 99903 62657 1 22221 17651 4570 1427 17761 558308 103345 454963 1427 276502 277929 177034 1 TUITION FINANCIAL AID 207 5223248 SCHOLARSHIPS 21 202000 PART I, LINE 2: THE SCHOOL PROVIDES FINANCIAL ASSISTANCE BASED ON BOTH FINANCIAL NEED AND ACADEMIC MERIT. THE SCHOOL HAS AN INDEPENDENT PROCEDURE TO DETERMINE QUALIFICATION FOR FINANCIAL ASSISTANCE. THE SCHOOL HAS STRICT RULES TO PREVENT RELATED PARTIES SUCH AS DISQUALIFIED PERSONS FROM BENEFITING FROM FINANCIAL ASSISTANCE. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 JIM NEILL PRESIDENT/HEADMASTER 439282 0 0 0 162538 0 26700 0 70830 0 699350 0 0 0 PETER GALLO DIRECTOR OF DEVELOPMENT 175902 0 0 0 1364 0 10773 0 61717 0 249756 0 0 0 SARAH POWERS DIRECTOR OF ADMISSIONS 153779 0 0 0 744 0 9574 0 63674 0 227771 0 0 0 CHARLES FRANKLIN ASSISTANT HEADMASTER 154214 0 0 0 733 0 9446 0 61111 0 225504 0 0 0 ERIN DUFFY HEAD OF MIDDLE SCHOOL 140917 0 0 0 658 0 8718 0 61892 0 212185 0 0 0 CHRISTOPHER HARPER CFO/COO 145718 0 0 0 545 0 0 0 31713 0 177976 0 0 0 JOHN BELLASCHI DIRECTOR OF ETHICS, SERVICE & LEADER 137224 0 0 0 1687 0 8090 0 22713 0 169714 0 0 0 NEIL MAGSINO INFORMATION TECHNOLOGY MANAGER 140627 0 0 0 833 0 8455 0 1390 0 151305 0 0 0 PART I, LINE 1A TAX GROSS-UP PAYMENTS WERE MADE FOR VARIOUS TAXABLE BENEFITS PROVIDED TO THE HEAD OF SCHOOL, JAMES NEILL. JAMES NEILL RECEIVED NON-TAXABLE PERSONAL SERVICES IN THE AMOUNT OF $7,050. A NON-TAXABLE HOUSING BENEFIT WAS PROVIDED TO INDIVIDUALS AS A CONDITION OF EMPLOYMENT. THE FOLLOWING INDIVIDUALS RECEIVED THE HOUSING BENEFIT: JAMES NEILL - $40,000 CHRISTOPHER HARPER - $20,000 PETER GALLO - $40,000 CHARLES FRANKLIN - $40,000 SARAH POWERS - $40,000 ERIN DUFFY - $40,000 A MHHEFA SERIES 2022A & 2022B 520936091 2022-03-03 66000000 SEE SCHEDULE K, PART VI 1 1 0 A 3718785 66000000 50001 62231214 2022 1 1 0 1 A 0 0 0 0 0 0 1 A 1 0 0 0 0 1 A 1 SCHEDULE K, PART I, LINE A, COLUMN (F) - (I) PART I BOND ISSUE CONSISTS OF: (1) 2022 BOND A - REFINANCE 2011 BOND DEBT AND PROVIDE FIXED FINANCING FOR MASTER PLAN CONSTRUCTION. DEBT UP TO $46,000,000. INTEREST ONLY UNTIL APRIL 2025. COL (G) DEFEASED - YES; COL (H) ON BEHALF OF ISSUER - YES; COL (I) POOLED FINANCING - NO. (2) 2022 BOND B - PROVIDE BRIDGE FINANCING FOR MASTER PLAN CONSTRUCTION PLEDGE RECEIVABLES PAYMENTS. DEBT UP TO $20,000,000. INTEREST ONLY UNTIL APRIL 2025. COL (G) DEFEASED - NO; COL (H) ON BEHALF OF ISSUER - NO; COL (I) POOLED FINANCING - NO. X 24 1729398 AVERAGE 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN(B) OF PART I REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 3 THE LANDON SCHOOL DELEGATED MANAGEMENT DUTIES TO THE BUDD GROUP TO MANAGE ITS PLANT OPERATIONS. FORM 990, PART VI, SECTION A, LINE 4 THE BY-LAWS WERE AMENDED, AND THE CHANGES INCLUDED (I) UPDATING THE SCHOOL'S MISSION, (II) REDUCING THE MINIMUM NUMBER OF TRUSTEES FROM 23 TO 17, (III) ALLOWING TRUSTEE WHO ARE APPOINTED TO FILL A VACANCY MID-TERM TO SERVE TWO FULL THREE-YEAR TERMS, AND (IV) OTHER NON-MATERIAL, ADMINISTRATIVE CHANGES TO BRING THE BOARD'S PROCESSES UP TO DATE, INCLUDING FACILITATING VIDEO-CONFERENCING AND VOTING BY EMAIL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE OUTSIDE ACCOUNTING FIRM ENGAGED BY THE SCHOOL. THE RETURN IS REVIEWED BY THE PRESIDENT/HEADMASTER, CFO, CONTROLLER, AND AUDIT AND RISK MANAGEMENT COMMITTEE BEFORE BEING MADE AVAILABLE TO THE TRUSTEES VIA A SECURE WEBSITE PORTAL. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS POSTED TO THE BOARD'S SECURE WEBSITE PORTAL. TRUSTEES ARE ASKED TO READ AND SIGN THE POLICY AT THE BEGINNING OF EACH YEAR AND ADVISE THE SECRETARY OF ANY ISSUES THAT MIGHT BE OF CONCERN. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES OF THE OFFICERS ARE DECIDED BY THE USE OF COMPARABLE SALARY DATA AS PROVIDED BY AISGW AND THE ASSOCIATION OF MARYLAND INDEPENDENT SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.