2023-05-12T19:47:40-05:00 2022-06-30 205991824 SC&H GROUP INC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2021-07-01 520591510 CALVERT SCHOOL INCORPORATED CALV 4102436054 105 TUSCANY ROAD BALTIMORE MD 21210 THOMAS S TRAVERS JR DIRECTOR OF FINANCE & OP 4102436054 2023-05-10 1 THOMAS TRAVERS JR XXX-XX-XXXX PAULA RAYNOR P01081608 4104031500 2023-05-02 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CALVERT SCHOOL ANDREW D HOLMGREN 105 TUSCANY ROAD BALTIMORE MD 21210 35811076 0 X WWW.CALVERTSCHOOLMD.ORG X 1897 MD CALVERT SCHOOL IS DEDICATED TO EDUCATING BOYS AND GIRLS THROUGH ITS TIME-TESTED METHOD OF TEACHING AND ITS RIGOROUS CURRICULUM. PARTICULAR EMPHASIS IS GIVEN TO MASTERING ESSENTIAL SKILLS, INSPIRING A LIFELONG LOVE OF LEARNING, AND INSTILLING ENTHUSIASM, RESPONSIBILITY, AND SELF-DISCIPLINE. CALVERT SEEKS TO DEVELOP STUDENTS OF HIGH ACADEMIC ACHIEVEMENT, INTELLECTUAL CURIOSITY, AND STRONG MORAL CHARACTER WITHIN A SUPPORTIVE AND DIVERSE COMMUNITY. 21 20 240 209 -1279 0 4471745 3316595 16978319 19675268 1783460 6939271 27270 188093 23260794 30119227 2596396 2504122 0 0 12790804 19577936 40096 35929 1201582 5989826 6859498 21417122 28977485 1843672 1141742 129330739 120860133 13435067 13014525 115895672 107845608 X CALVERT SCHOOL IS DEDICATED TO EDUCATING BOYS AND GIRLS THROUGH ITS TIME-TESTED METHOD OF TEACHING AND ITS RIGOROUS CURRICULUM. PARTICULAR EMPHASIS IS GIVEN TO MASTERING ESSENTIAL SKILLS, INSPIRING A LIFELONG LOVE OF LEARNING, AND INSTILLING ENTHUSIASM, RESPONSIBILITY, AND SELF-DISCIPLINE. CALVERT SEEKS TO DEVELOP STUDENTS OF HIGH ACADEMIC ACHIEVEMENT, INTELLECTUAL CURIOSITY, AND STRONG MORAL CHARACTER WITHIN A SUPPORTIVE AND DIVERSE COMMUNITY.FORM 990, PART VI, SECTION B, LINE 10A:THE POLICIES DESCRIBED IN PART VI, SECTION B, LINES 10A-16B APPLY TO CALVERT SCHOOL INCORPORATED AND ITS AFFILIATES AS LISTED BELOW: CALVERT TUSCANY ACQUISITION 2018, LLC 0 0 21843628 2504122 18963648 CALVERT SCHOOL IS A COEDUCATIONAL INSTITUTION PROVIDING INSTRUCTION TO STUDENTS BEGINNING WITH EARLY CHILDHOOD AND CONTINUING ON THROUGH ELEMENTARY AND MIDDLE SCHOOL GRADES. 284930 0 711620 AFTER SCHOOL CARE, SUMMER CAMPS AND SCHOOL CLUBS. 22128558 1 1 0 0 0 0 1 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 1 50 0 240 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MD X THOMAS S TRAVERS JR 4102436054 105 TUSCANY ROAD BALTIMORE MD 21210 H WARD CLASSEN CHAIRMAN 5.00 X X 0 0 0 EDWIN J INSLEY TREASURER 5.00 X X 0 0 0 PATRICK CAMERON SECRETARY 5.00 X X 0 0 0 WENDY BOND TRUSTEE 2.00 X 0 0 0 DAVE BRAMBLE TRUSTEE 2.00 X 0 0 0 JON K CARNELL TRUSTEE 2.00 X 0 0 0 DAVID S CLAPP TRUSTEE 2.00 X 0 0 0 DYSON DRYDEN TRUSTEE 2.00 X 0 0 0 MARK L FULCHINO TRUSTEE 2.00 X 0 0 0 WENDY GRISWOLD TRUSTEE 2.00 X 0 0 0 BETSEY HOBELMANN TRUSTEE 2.00 X 0 0 0 ANN M HOLCOMB TRUSTEE 2.00 X 0 0 0 HENRY HOPKINS TRUSTEE 2.00 X 0 0 0 GAYLE S KELLY TRUSTEE 2.00 X 0 0 0 KONSTANTINE B MALLAS TRUSTEE 2.00 X 0 0 0 REDONDA G MILLER TRUSTEE 2.00 X 0 0 0 MARY MILLER TRUSTEE 2.00 X 0 0 0 COURTNEY L OTENASEK TRUSTEE 2.00 X 0 0 0 JOSHUA R PERRY TRUSTEE 2.00 X 0 0 0 ANDREW SCHAPIRO TRUSTEE 2.00 X 0 0 0 ANNIE WU TRUSTEE 2.00 X 0 0 0 ANDREW HOLMGREN HEADMASTER 40.00 X 489623 0 141440 THOMAS S TRAVERS JR DIRECTOR OF FINANCE & OPERATIONS 40.00 X 182829 0 44736 DENISE D FIORUCCI DIRECTOR OF HUMAN RESOURCES 40.00 X 154538 0 34030 F MATTHEW BUCK HEAD OF MIDDLE SCHOOL 40.00 X 141483 0 44234 ELIZABETH MARTIN HEAD OF LOWER SCHOOL 40.00 X 138098 0 54468 SARAH WALTON DIRECTOR OF DEVELOPMENT 40.00 X 136347 0 69777 NICOLE H WEBSTER DIRECTOR OF ADMISS. & ENROLLMENT 40.00 X 130553 0 50343 1373471 0 439028 13 0 1 0 MULLAN CONTRACTING COMPANY 2330 W JOPPA ROAD LUTHERVILLE MD 21093 CONSTRUCTION SERVICES 2369163 CHARTWELLS PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 850744 CVP CROSS KEYS HOLDINGS LLC PO BOX 944323 CLEVELAND OH 441940011 REAL ESTATE/ PROPERTY MANAGEMENT 505109 RCM&D INC PO BOX 826365 PHILADELPHIA PA 191826365 INSURANCE ADVISORY SERVICES 434507 HORD COPLAN MACHT INC PO BOX 69429 BALTIMORE MD 21264 ARCHITECTURAL DESIGN 276739 10 5000 3311595 267017 3316595 SCHOOL TUITION 511190 16723950 16723950 AUXILIARY PROGRAMS 611710 2951318 2951318 19675268 3439564 -1276 3440840 1850 0 1850 1850 1850 9182248 5682541 3499707 3499707 -3 3499710 30877 9308 21569 21569 STATE OF MARYLAND EANS REIMB 611110 140767 140767 MISCELLANEOUS REVENUE 611110 23907 23907 164674 30119227 19675268 -1279 7128643 2504122 2504122 692234 501075 155230 35929 86031 86031 9167238 6612014 2074962 480262 444555 321779 99700 23076 8516385 6164348 1909965 442072 707422 512048 158653 36721 80574 80574 67534 67534 107540 107540 214558 27581 186977 98629 82943 15686 751411 559501 174014 17896 395895 296921 79179 19795 1239257 1116316 122941 174199 110730 37874 25595 115654 101776 13878 1681401 1479633 201768 291887 256861 35026 STUDENT SERVICES 1418333 1418333 ENTERTAINMENT 106210 1850 23375 80985 MEMBERSHIP DUES 62607 55207 5150 2250 MISCELLANEOUS 53809 2432 30062 21315 28977485 22128558 5647345 1201582 1881 2471 6541281 2678065 3498562 2410958 162430 150705 60156 66523 351015 232755 58959600 21834516 37720877 37125084 58919878 50208698 17791138 15894447 4283521 12090427 129330739 120860133 1238225 2523777 3839176 3909169 6943333 6455333 1414333 126246 13435067 13014525 X 92912275 84840011 22983397 23005597 115895672 107845608 129330739 120860133 X 1141742 -15419787 6227981 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 2 2.00 2 0 1 0 5.00 750 80461091 2096407 -8679752 1970350 71907396 62515607 713851 19557150 2325517 80461091 60454458 1347129 2857974 2143954 62515607 58638639 926770 3336874 2447825 60454458 59108442 341728 4115612 4927143 58638639 0.84000 0.12000 0.04000 0 0 14637198 14637198 39307548 17291803 22015745 4748273 4296442 451831 266581 246271 20310 37125084 LIMITED PARTNERSHIPS 15894447 F 15894447 CAPITALIZED BOND AND OTHER DEBT 51381 BENEFICIAL INTEREST IN ASSETS 1727540 CONSTRUCTION IN PROGRESS 10311506 12090427 DEFERRED RENT 126246 126246 X 18325067 -15419787 6237289 -9182498 27507565 2611662 2611662 30119227 26375131 9308 9308 26365823 2611662 2611662 28977485 PART II, LINE 9: THE CONSERVATION EASEMENTS ARE INCLUDED IN LAND AND BUILDING AND ARE PRESENTED AS PROPERTY AND EQUIPMENT, NET ON THE FINANCIAL STATEMENTS. ASSET HAVE BEEN RECORDED AT COST. ALL REVENUE AND EXPENSES ASSOCIATED WITH THE EASEMENTS ARE INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION ON THE FINANCIAL STATEMENTS. PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO SUPPORT THE SPECIFIC PURPOSES IDENTIFIED BY DONORS AND TO SUPPORT THE OVERALL OPERATIONS OF THE SCHOOL THAT ARE NECESSARY TO FULFILL THE ORGANIZATION'S EXEMPT PURPOSE. PART X, LINE 2: WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURES AS A COMPONENT OF INCOME TAX EXPENSE. THE SCHOOL DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 30, 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD EXPENSES NETTED WITH REVENUE 9,308. PENSION RELATED CHANGES 6,227,981. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT EXPENSE NETTED WITH TUITION REVENUE ON THE FINANCIAL STATEMENTS 2,504,122. INVESTMENT FEES NETTED WITH INVESTMENT INCOME ON THE FINANCIAL STATEMENTS 107,540. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD EXPENSES NETTED WITH REVENUE 9,308. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT EXPENSE NETTED WITH TUITION REVENUE ON THE FINANCIAL STATEMENTS 2,504,122. INVESTMENT FEES NETTED WITH INVESTMENT INCOME ON THE FINANCIAL STATEMENTS 107,540. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY IS PUBLISHED IN SCHOOL BROCHURES, APPLICATIONS FOR ADMISSION, AND IN THE LOCAL TRADE NEWSPAPERS AND PERIODICALS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 6745884 0 0 0 0 0 0 6745884 0 6745884 1 0 1 1 0 0 PART III ACCOUNTING METHOD: 1 FINANCIAL AID 208 2504122 PART I, LINE 2: THE STUDENT'S PARENT(S) APPLIES FOR FINANCIAL AID BY COMPLETING THE UNIFORM TADS APPLICATION FORM. MANAGEMENT REVIEWS THE FORMS AND AWARDS FINANCIAL AID ON A 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 X 0 0 0 0 0 0 0 0 0 ANDREW HOLMGREN HEADMASTER 384922 0 25000 0 79701 0 36525 0 104915 0 631063 0 0 0 THOMAS S TRAVERS JR DIRECTOR OF FINANCE & OPERATIONS 171375 0 0 0 11454 0 19375 0 25361 0 227565 0 0 0 SARAH WALTON DIRECTOR OF DEVELOPMENT 123057 0 0 0 13290 0 8340 0 61437 0 206124 0 0 0 ELIZABETH MARTIN HEAD OF LOWER SCHOOL 123634 0 0 0 14464 0 7631 0 46837 0 192566 0 0 0 DENISE D FIORUCCI DIRECTOR OF HUMAN RESOURCES 153986 0 0 0 552 0 9655 0 24375 0 188568 0 0 0 F MATTHEW BUCK HEAD OF MIDDLE SCHOOL 124510 0 0 0 16973 0 3894 0 40340 0 185717 0 0 0 NICOLE H WEBSTER DIRECTOR OF ADMISS. & ENROLLMENT 123045 0 0 0 7508 0 6592 0 43751 0 180896 0 0 0 PART I, LINE 1A SEVERAL OFFICERS AND HIGHLY COMPENSATED EMPLOYEES RECEIVE GROSS-UP PAYMENTS WHICH ARE INCLUDED IN TAXABLE COMPENSATION. ANDREW HOLMGREN, HEADMASTER, IS REQUIRED TO LIVE IN A HOUSE LOCATED ON THE SCHOOL'S PREMISES FOR THE SCHOOL'S CONVENIENCE AND AS A CONDITION OF EMPLOYMENT. THIS BENEFIT WAS VALUED TO BE $63,270 AND IS INCLUDED AS A NON-TAXABLE BENEFIT. THE SCHOOL PROVIDES PERSONAL SERVICES TO SUPPORT BUSINESS EVENTS AT THE HEADMASTER'S RESIDENCE. THESE SERVICES ARE NOT CONSIDERED TAXABLE. A MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 2011-06-01 12200000 TO REFUND 2001 BONDS AND TO FUND CAPITAL IMPROVEMENTS TO THE FACILITIES 0 0 0 A 5744667 12200000 3200000 9000000 2003 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 0 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2021 GAYLE KELLY IN-DIRECT BUSINESS 1866395 KELLY & ASSOCIATES INSURANCE GROUP, INC. PROVIDED PAYROLL AND INSURANCE SERVICES TO THE SCHOOL. THE TRANSACTION TOTAL REPRESENTS PAYMENTS FOR SERVICES IN THE AMOUNT OF $73,188 AND INSURANCE PREMIUMS COLLECTED IN THE AMOUNT OF $1,793,207 DURING THE SCHOOL'S TAX YEAR. GAYLE KELLY IS A TRUSTEE OF THE CALVERT SCHOOL. THE KELLY FAMILY HAS A MAJORITY OWNERSHIP INTEREST IN KELLY & ASSOCIATES INSURANCE GROUP, INC. 0 SARAH TRAVERS WIFE OF THOMAS S. TRAVERS, JR., DIRECTOR OF FINANCE AND OPERATIONS 86031 EMPLOYEE OF THE CALVERT SCHOOL. AMOUNT OF TRANSACTION INCLUDES BOTH SALARY AND BENEFITS. 0 X 19 267017 FMV 0 0 1 0 PART I, COLUMN (B): THE TOTAL IN COLUMN (B) REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE & OPERATIONS AND CONTROLLER PROVIDE THE NECESSARY INFORMATION TO PREPARE THE TAX RETURN. A COMMITTEE OF THREE (3) BOARD MEMBERS WITH FINANCIAL BACKGROUNDS AND KNOWLEDGE OF THE SCHOOL'S FINANCIAL REPORTING REVIEW A DRAFT OF THE COMPLETED RETURN PRIOR TO ITS FILING. THE ENTIRE BOARD OF TRUSTEES RECEIVES A FULL COPY OF THE RETURN FOR REVIEW BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND TOP MANAGEMENT OFFICIALS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS. THE STATEMENT REQUIRES DISCLOSURE OF "ANY MATTER THAT THE BOARD MEMBER BELIEVES MAY INVOLVE A POSSIBLE CONFLICT OF INTEREST AND SHALL THEREAFTER SUPPLEMENT SUCH ANNUAL WRITTEN DISCLOSURE WITH INFORMATION PERTAINING TO CONFLICTS OF INTEREST ARISING AFTER THE ANNUAL DISCLOSURE HAS BEEN FILED." EVERY BOARD MEMBER SHALL DISCLOSE TO THE BOARD AND TO ANY BOARD COMMITTEE ON WHICH HE OR SHE MAY SERVE ANY CONFLICT OF INTEREST INVOLVING A MATTER BEFORE THE BOARD OR COMMITTEE, AS THE CASE MAY BE, AND SHALL REFRAIN FROM VOTING ON ANY SUCH MATTER. A TRUSTEE WHO HAS DISCLOSED A POSSIBLE CONFLICT OF INTEREST MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AT THE MEETING AND THE PERTINENT TRANSACTION MAY BE AUTHORIZED, APPROVED OR RATIFIED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF DISINTERESTED TRUSTEES. ANY MINUTES OF THE MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE AFFECTED TRUSTEE DID NOT VOTE ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS A COMPENSATION COMMITTEE COMPRISED OF THREE BOARD MEMBERS. THE COMMITTEE MEETS ANNUALLY TO REVIEW THE COMPENSATION OF TOP MANAGEMENT OFFICIALS AND WRITTEN EMPLOYMENT CONTRACTS WHEN RENEWED OR REVISED. AN INDEPENDENT CONSULTANT IS HIRED TO PREPARE A MARKET STUDY REPORT OF COMPENSATION PACKAGES OF COMPARABLE SCHOOLS' MANAGEMENT. THE COMMITTEE REVIEWS THE PERFORMANCE OF MANAGEMENT AND THE INDEPENDENT CONSULTANT'S REPORT. THE COMPENSATION COMMITTEE APPROVES THE COMPENSATION PLANS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: PENSION RELATED CHANGES 6,227,981. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CALVERT TUSCANY ACQUISITION 2018 LLC 105 TUSCANY ROAD BALTIMORE MD 21210 PROPERTY HOLDING COMPANY MD 0 2549480 CALVERT SCHOOL INCORPORATED