2023-11-13T08:51:40-06:00 2023-06-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2022-07-01 520635092 LANDON SCHOOL LAND 3013203200 6101 WILSON LANE BETHESDA MD 20817 CHRISTOPHER A HARPER CFO/COO 3013203200 2023-11-11 1 CHRISTOPHER HARPER 999009999 1 LAURA KIELCZEWSKI P00740769 3016529100 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES NEILL 6101 WILSON LANE BETHESDA MD 20817 42292387 0 X WWW.LANDON.NET X 1936 MD MAINTAINING EDUCATIONAL PROGRAMS FOR STUDENTS AT THE ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL LEVELS. 25 24 388 24 0 0 18867639 4671339 34314719 35558693 528678 695878 623268 557480 54334304 41483390 5425248 5529097 0 0 19652506 20993409 0 0 1709454 10480795 11536495 35558549 38059001 18775755 3424389 80382622 125014373 19775329 59083883 60607293 65930490 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 30741396 5529097 35698625 MAINTAINING EDUCATIONAL PROGRAMS FOR STUDENTS AT THE ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL LEVELS. 30741396 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 1 115 0 1 388 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 24 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 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/HEAD OF SCHOOL 60.00 X X 673537 0 166640 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 261698 0 72606 PETER GALLO DIRECTOR OF DEVELOPMENT 60.00 X 180922 0 73409 CHARLES FRANKLIN ASSISTANT HEADMASTER 60.00 X 158773 0 72090 ELLICE HAWKINS DIRECTOR OF DIVERSITY, EQUITY & INCLUSION 60.00 X 136170 0 18337 ENREN FEDEROWICZ HEAD OF UPPER SCHOOL 60.00 X 140812 0 38044 ERIN DUFFY HEAD OF MIDDLE SCHOOL 60.00 X 144201 0 72058 NEIL MAGSINO INFORMATION TECHNOLOGY MANAGER 60.00 X 143574 0 9549 1839687 0 522733 40 0 1 0 COAKLEY & WILLIAMS CONSTRUCTION LLC 7475 WISCONSIN AVE SUITE 900 BETHESDA MD 20814 CONSTRUCTION 27013023 COX GRAAE SPACK ARCHITECTS PC 2909 M ST NW WASHINGTON DC 20007 ARCHITECTURAL SERVICES 3057971 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 1072026 CONCENTUS PO BOX 400 MCLEAN STERLING VA 22101 TECHNOLOGY 1051852 RIGHT ANGLE CONTRACTING INC 107 CARPENTER DRIVE STE 120 STERLING VA 20164 CONSTRUCTION 988604 51 192239 4479100 324442 4671339 TUITION & FEES 611110 33462741 33462741 AUXILIARY SERVICES 611710 2095952 2095952 35558693 688931 688931 305026 0 305026 305026 305026 376071 369124 6947 6947 6947 328927 192239 270039 58888 58888 271776 169834 101942 101942 INSURANCE REIMBURSEMENT 900099 53634 53634 37990 37990 91624 41483390 35698625 0 1113426 5529097 5529097 1294413 1106748 132701 54964 15690879 13409873 1613810 667196 731552 628128 72757 30667 2076062 1782556 206477 87029 1200503 1030780 119397 50326 74279 74279 60420 60420 45648 45648 925368 327407 529961 68000 123548 13464 85678 24406 924092 445009 402053 77030 1080265 1080265 920657 716469 16287 187901 385559 73717 278268 33574 1366254 1137711 190089 38454 271663 271663 EQUIPMENT RENTAL AND MA 1831753 1786033 45720 FOOD SERVICES 1092927 129 1092798 ACADEMICS AND ATHLETICS 728591 639641 86744 2206 SUMMER CAMP 447995 447995 1257476 586374 283401 387701 38059001 30741396 5608151 1709454 500 392 22825750 20015795 12989643 9002162 78056 157256 221085 225507 49024 71374 683130 575188 123124947 52572774 22677565 70552173 20635153 24193092 222716 221434 80382622 125014373 2987413 16041307 12469091 13225543 3718785 24142694 511560 5614985 88480 59354 19775329 59083883 X 17660105 29110149 42947188 36820341 60607293 65930490 80382622 125014373 3424389 1898808 0 X 0 1 X 1 0 X 2578120 5367085 12069881 18867639 4671339 43554064 2578120 5367085 12069881 18867639 4671339 43554064 4063916 39490148 692439 669204 472877 741749 993957 3570226 188301 73485 49792 177034 58888 547500 222742 158578 116768 98231 91624 687943 48359733 166891687 0.81660 0.79820 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 222,742. 2019 AMOUNT: $ 158,578. 2020 AMOUNT: $ 116,768. 2021 AMOUNT: $ 98,231. 2022 AMOUNT: $ 91,624. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22079303 595645 2418573 516000 24577521 24989567 1287834 -3491137 706961 22079303 19664065 909632 5107753 691883 24989567 18343847 1354321 632389 666492 19664065 17631744 599585 737499 624981 18343847 0.81600 0.18400 0 0 1309749 1309749 55656801 51691003 3965798 15762281 881771 14880510 50396116 50396116 70552173 CAPITAL LEASE OBLIGATIONS 59354 59354 X 38287496 1898808 40170 -5529097 -3590119 41877615 45648 -439873 -394225 41483390 32964299 40170 439873 480043 32484256 45648 5529097 5574745 38059001 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, 2023 AND 2022, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, 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 2019 REMAIN OPEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -5,529,097. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS -169,834. FUNDRAISING EXPENSES -270,039. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS 169,834. FUNDRAISING EXPENSES 270,039. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 5,529,097. 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 423049 121350 301699 47843 5154 145669 HOLIDAY GREENS SALE 98117 70889 27228 27228 44145 521166 192239 328927 47843 27228 5154 189814 270039 58888 1 TUITION FINANCIAL AID 182 5295565 FMV TUITION ASSISTANCE SCHOLARSHIPS 24 233532 FMV SCHOLARSHIP ASSISTANCE 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 1 0 0 0 0 0 1 0 JIM NEILL PRESIDENT/HEAD OF SCHOOL 543628 0 20000 0 109909 0 91994 0 74646 0 840177 0 0 0 CHRISTOPHER HARPER CFO/COO 260608 0 0 0 1090 0 8040 0 64566 0 334304 0 0 0 PETER GALLO DIRECTOR OF DEVELOPMENT 179549 0 0 0 1373 0 10997 0 62412 0 254331 0 0 0 CHARLES FRANKLIN ASSISTANT HEADMASTER 158004 0 0 0 769 0 9713 0 62377 0 230863 0 0 0 ERIN DUFFY HEAD OF MIDDLE SCHOOL 143313 0 0 0 888 0 8901 0 63157 0 216259 0 0 0 ENREN FEDEROWICZ HEAD OF UPPER SCHOOL 139602 0 0 0 1210 0 8998 0 29046 0 178856 0 0 0 ELLICE HAWKINS DIRECTOR OF DIVERSITY, EQUITY & INCL 129729 0 0 0 6441 0 4050 0 14287 0 154507 0 0 0 NEIL MAGSINO INFORMATION TECHNOLOGY MANAGER 142422 0 0 0 1152 0 8545 0 1004 0 153123 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 $9,600. 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 - $40,000 PETER GALLO - $40,000 CHARLES FRANKLIN - $40,000 SARAH POWERS - $20,000 ERIN DUFFY - $40,000 PART I, LINE 4B THE HEAD OF SCHOOL PARTICIPATED IN A 457F PLAN AND RECEIVED A CONTRIBUTION OF $58,994. PART I, LINE 7 THE HEAD OF SCHOOL RECEIVED A BOARD APPROVED BONUS WHICH WAS REPORTED IN HIS 2022 W2. A MHHEFA SERIES 2022A & 2022B 520936091 2022-03-03 66000000 SEE SCHEDULE K, PART VI 1 1 0 A 29296158 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 9 324442 FMV 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 B, LINE 11B THE FORM 990 IS PREPARED BY THE OUTSIDE ACCOUNTING FIRM ENGAGED BY THE SCHOOL. THE RETURN IS REVIEWED BY THE PRESIDENT/HEAD OF SCHOOL, CFO, CONTROLLER, AND AUDIT AND RISK MANAGEMENT COMMITTEE BEFORE APPROVAL BY THE AUDIT AND RISK MANAGEMENT COMMITTEE AND MADE AVAILABLE TO THE TRUSTEES VIA A SECURE WEBSITE PORTAL PRIOR TO FILING. 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.