2025-05-15T08:22:01-05:00 2024-06-30 333709623 COHNREZNICK ADVISORY LLC 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2023-07-01 520635092 LANDON SCHOOL LAND 3013203200 6101 WILSON LANE BETHESDA MD 20817 STEPHEN B KING INTERIM CFO 3013203200 2025-05-15 1 1 LAURA KIELCZEWSKI P00740769 3016529100 2025-05-14 2023 2025-03-06 01:10:19Z JAMES NEILL 6101 WILSON LANE BETHESDA MD 20817 48004918 0 X WWW.LANDON.NET X 1936 MD MAINTAINING EDUCATIONAL PROGRAMS FOR STUDENTS AT THE ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL LEVELS. 24 23 363 350 0 0 4671339 8256900 35558693 37791509 695878 1289005 557480 154193 41483390 47491607 5529097 6590540 0 0 20993409 22109632 0 0 1868848 11536495 13860316 38059001 42560488 3424389 4931119 125014373 143946361 59083883 70417695 65930490 73528666 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 34603370 6590540 37988215 MAINTAINING EDUCATIONAL PROGRAMS FOR STUDENTS AT THE ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL LEVELS. 34603370 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 1 108 0 1 363 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 23 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X STEPHEN B KING 3013203200 6101 WILSON LANE BETHESDA MD 20817 ALI AL-ATTAR TRUSTEE 1.50 X 0 0 0 BEVERLY HUDNUT TRUSTEE 1.50 X 0 0 0 BILL MAGRUDER CHAIR 1.50 X X 0 0 0 BRIEN WHITE TRUSTEE 1.50 X 0 0 0 BROOKE SEAWELL TRUSTEE 1.50 X 0 0 0 BURNELL E HOLLAND III SECRETARY 1.50 X X 0 0 0 DEBRA GRAHAM 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 HARMAR THOMPSON VICE CHAIR 1.50 X 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 617850 0 96016 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 PETER VENTIMIGLIA TRUSTEE 1.50 X 0 0 0 TOM SCOTT TRUSTEE 1.50 X 0 0 0 CHRISTOPHER HARPER CFO/COO 60.00 X 268708 0 37696 PETER GALLO DIRECTOR OF DEVELOPMENT 60.00 X 187854 0 73564 BILL BRADY DIRECTOR OF ATHLETICS 60.00 X 140908 0 31138 EHREN FEDEROWICZ HEAD OF UPPER SCHOOL 60.00 X 142826 0 80908 ERIN DUFFY HEAD OF MIDDLE SCHOOL 60.00 X 147919 0 72602 FRED HALLER CHIEF TECHNOLOGY OFFICER 60.00 X 151604 0 9096 TARA MONTAGUE ASSISTANT HEAD OF SCHOOL 60.00 X 156413 0 29330 1814082 0 430350 50 0 1 0 COAKLEY & WILLIAMS CONSTRUCTION LLC 7475 WISCONSIN AVE SUITE 900 BETHESDA MD 20814 CONSTRUCTION 42789597 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 1108790 RIGHT ANGLE CONTRACTING INC 107 CARPENTER DRIVE STE 120 STERLING VA 20164 CONSTRUCTION 1107364 SPECIALIZED MARKETING LTD 888 BESTGATE ROAD SUITE 315 ANNAPOLIS MD 21401 FURNITURE DESIGN & INSTALL 964745 CGS ARCHITECTS 2909 M STREET NW WASHINGTON DC 20007 ARCHITECT 951841 24 412380 7844520 780159 8256900 TUITION & FEES 611110 34891185 34891185 AUXILIARY SERVICES 611710 2900324 2900324 37791509 717245 717245 158175 0 158175 158175 158175 597358 25598 571760 571760 571760 104204 412380 304892 -200688 -200688 253351 182821 70530 70530 126176 126176 126176 47491607 37988215 0 1246492 6590540 6590540 1221852 1049846 119572 52434 16659569 14307835 1635430 716304 800199 690660 75860 33679 2142223 1848976 203085 90162 1285789 1109778 121894 54117 363563 363563 63075 63075 57358 57358 1032652 420018 571801 40833 146170 17883 97904 30383 1057321 586669 424543 46109 1290612 1290612 1127769 862777 25841 239151 170632 80160 67351 23121 2850893 2374005 354007 122881 303621 303621 EQUIPMENT RENTAL AND MA 1625582 1561066 59265 5251 FOOD SERVICES 1204814 240 1204574 ACADEMICS AND ATHLETICS 900133 857046 43015 72 SUMMER CAMP 423076 423076 1243045 532183 296511 414351 42560488 34603370 6088270 1868848 392 307 20015795 13533576 9002162 10211661 157256 47891 225507 230017 71374 90206 575188 671648 146895175 55423667 70552173 91471508 24193092 27450329 221434 239218 125014373 143946361 16041307 7248198 13225543 9297071 24142694 52820797 5614985 811519 59354 240110 59083883 70417695 X 29110149 33243733 36820341 40284933 65930490 73528666 125014373 143946361 4931119 2667057 0 X 0 1 X 1 0 X 5367085 12069881 18867639 4671339 7844520 48820464 5367085 12069881 18867639 4671339 7844520 48820464 5993416 42827048 669204 472877 741749 993957 1428991 4306778 73485 49792 177034 58888 359199 158578 116768 98231 91624 126176 591377 54077818 172157166 0.79200 0.81660 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 158,578. 2020 AMOUNT: $ 116,768. 2021 AMOUNT: $ 98,231. 2022 AMOUNT: $ 91,624. 2023 AMOUNT: $ 126,176. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24577521 1548085 3300791 540000 28886397 22079303 595645 2418573 516000 24577521 24989567 1287834 -3491137 706961 22079303 19664065 909632 5107753 691883 24989567 18343847 1354321 632389 666492 19664065 0.74777 0.25223 0 0 1309749 1309749 126358163 54499713 71858450 16087421 923954 15163467 3139842 3139842 91471508 CAPITAL LEASE OBLIGATIONS 240110 240110 X 43998479 2667057 -6590540 -3923483 47921962 57358 -487713 -430355 47491607 36400303 487713 487713 35912590 57358 6590540 6647898 42560488 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, 2024 AND 2023, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, 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 2021 REMAIN OPEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -6,590,540. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS -182,821. FUNDRAISING EXPENSES -304,892. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS 182,821. FUNDRAISING EXPENSES 304,892. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 6,590,540. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 AN ANNUAL ANNOUNCEMENT IS PLACED IN THE WASHINGTON POST NEWSPAPER PUBLICIZING THE SCHOOL'S NONDISCRIMINATION POLICY BY AISGW (ASSOCIATION OF INDEPENDENT SCHOOLS OF GREATER WASHINGTON) AS A GROUP ANNOUNCEMENT ON BEHALF OF MEMBER SCHOOLS. AZALEA FESTIVAL/HOLIDAY GREENS 516584 412380 104204 105836 9383 189673 516584 412380 104204 105836 9383 189673 304892 -200688 1 TUITION FINANCIAL AID 181 5503362 FMV NEED-BASED FINANCIAL AID SCHOLARSHIPS 19 183532 FMV MERIT SCHOLARSHIPS 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 0 0 JIM NEILL PRESIDENT/HEAD OF SCHOOL 507649 0 0 0 110201 0 30900 0 65116 0 713866 0 0 0 CHRISTOPHER HARPER CFO/COO 267618 0 0 0 1090 0 13660 0 24036 0 306404 0 0 0 PETER GALLO DIRECTOR OF DEVELOPMENT 186450 0 0 0 1404 0 11448 0 62116 0 261418 0 0 0 EHREN FEDEROWICZ HEAD OF UPPER SCHOOL 141552 0 0 0 1274 0 9300 0 71608 0 223734 0 0 0 ERIN DUFFY HEAD OF MIDDLE SCHOOL 146992 0 0 0 927 0 9138 0 63464 0 220521 0 0 0 TARA MONTAGUE ASSISTANT HEAD OF SCHOOL 155500 0 0 0 913 0 9330 0 20000 0 185743 0 0 0 BILL BRADY DIRECTOR OF ATHLETICS 139743 0 0 0 1165 0 8631 0 22507 0 172046 0 0 0 FRED HALLER CHIEF TECHNOLOGY OFFICER 150404 0 0 0 1200 0 9000 0 96 0 160700 0 0 0 PART I, LINE 1A TAX GROSS-UP PAYMENTS WERE MADE FOR VARIOUS TAXABLE BENEFITS PROVIDED TO THE HEAD OF SCHOOL. THE HEAD OF SCHOOL HOLDS VARIOUS BUSINESS MEETINGS THROUGHOUT THE YEAR IN HIS RESIDENCE AND THEREFORE, RECEIVES PERSONAL SERVICES TO MAINTAIN THE UPKEEP OF THE RESIDENCE FOR BUSINESS PURPOSES. THESE AMOUNTS ARE TREATED AS NONTAXABLE BENEFITS AND INCLUDED IN PART II COL D. A NON-TAXABLE HOUSING BENEFIT WAS PROVIDED TO INDIVIDUALS AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER. THE FOLLOWING INDIVIDUALS RECEIVED THE HOUSING BENEFIT: JAMES NEILL - $40,000 CHRISTOPHER HARPER - $40,000 PETER GALLO - $40,000 EHREN FEDEROWICZ- $40,000 TARA MONTAGUE - $20,000 ERIN DUFFY - $40,000 BILL BRADY - $40,000 PART I, LINE 4B THE HEAD OF SCHOOL PARTICIPATED IN A 457F PLAN AND RECEIVED A CONTRIBUTION OF $58,994. A MHHEFA SERIES 2022A & 2022B 520936091 2022-03-03 66000000 SEE SCHEDULE K, PART VI 1 1 0 A 3718785 66000000 50001 61553533 677681 2022 1 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 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. PRINCIPAL DUE AT MATURITY (2032) EXCEPT FOR REQUIRED PREPAYMENTS WITH THE PROCEEDS OF CERTAIN CAPITAL CAMPAIGN PLEDGES. COL (G) DEFEASED - NO; COL (H) ON BEHALF OF ISSUER - NO; COL (I) POOLED FINANCING - NO. X 28 780159 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) OF PART I REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 3 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. IN ADDITION, THE HEAD OF SCHOOL'S COMPENSATION WAS SUBJECT TO APPROVAL BY THE BOARD. 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.