2021-04-21T13:29:35-05:00 2020-06-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2019-07-01 520635092 LANDON SCHOOL LAND 3013203200 6101 WILSON LANE BETHESDA MD 20817 STEVEN KING INTERIM CFO/COO 3013203200 2021-04-19 1 GLENN M SHELTON P00228007 3016529100 2021-04-16 2019 2022-09-23 18:48:47Z JAMES NEILL 6101 WILSON LANE BETHESDA MD 20817 41346780 0 X WWW.LANDON.NET X 1936 MD MAINTAINING EDUCATIONAL PROGRAMS FOR STUDENTS AT THE ELEMENTARY AND HIGH SCHOOL LEVELS. 22 22 416 500 0 0 2578120 5367085 31497691 32170991 565949 832763 830310 679381 35472070 39050220 4503920 4614891 0 0 19669072 19374378 0 0 1628280 10124766 9798515 34297758 33787784 1174312 5262436 44996492 49502933 21119156 20502154 23877336 29000779 LANDON SCHOOL PREPARES TALENTED BOYS FOR PRODUCTIVE LIVES AS ACCOMPLISHED, RESPONSIBLE AND CARING MEN WHOSE ACTIONS ARE GUIDED BY THE PRINCIPLES OF PERSEVERANCE, TEAMWORK, HONOR AND FAIR PLAY. 0 0 27657255 4614891 32502969 MAINTAINING EDUCATIONAL PROGRAMS FOR STUDENTS AT THE ELEMENTARY AND HIGH SCHOOL LEVELS. 27657255 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 124 0 1 416 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X STEVE KING 3013203200 6101 WILSON LANE BETHESDA MD 20817 SCOTT HARRIS CHAIRMAN 1.50 X X 0 0 0 KATHY WELLINGTON VICE CHAIR 1.50 X X 0 0 0 MATTHEW COURSEN SECRETARY 1.50 X X 0 0 0 JEFFREY FREED TREASURER 1.50 X X 0 0 0 ANDERSON ARNOLD TRUSTEE 1.50 X 0 0 0 ALEX BALDWIN TRUSTEE 1.50 X 0 0 0 DONALD DELL TRUSTEE 1.50 X 0 0 0 JEAN-MARIE FERNANDEZ TRUSTEE 1.50 X 0 0 0 NICK FREEMAN TRUSTEE 1.50 X 0 0 0 DEBRA GRAHAM TRUSTEE 1.50 X 0 0 0 LAURA HOFFMAN TRUSTEE 1.50 X 0 0 0 MATTHEW HOLLERAN TRUSTEE 1.50 X 0 0 0 BEVERLY HUDNUT TRUSTEE 1.50 X 0 0 0 KENNETH JENKINS TRUSTEE 1.50 X 0 0 0 STEVE JONES TRUSTEE 1.50 X 0 0 0 OLIVIER KAMANDA TRUSTEE 1.50 X 0 0 0 KENWYN KINDFULLER TRUSTEE 1.50 X 0 0 0 BILL MAGRUDER TRUSTEE 1.50 X 0 0 0 EDWARD M PRINCE JR TRUSTEE 1.50 X 0 0 0 TOM SCOTT TRUSTEE 1.50 X 0 0 0 BROOKE SEAWELL TRUSTEE 1.50 X 0 0 0 HARMAR THOMPSON TRUSTEE 1.50 X 0 0 0 JIM NEILL PRESIDENT/HEADMASTER 60.00 X 559359 0 100007 JEREMY KUGEL CFO/COO (THROUGH MAY 2020) 60.00 X 220823 0 36479 CHARLES FRANKLIN ASSISTANT HEADMASTER 60.00 X 147854 0 68028 SARAH POWERS DIRECTOR OF ADMISSIONS 60.00 X 146966 0 60464 NEIL MAGSINO INFORMATION TECHNOLOGY MANAGER 60.00 X 136604 0 10579 ERIN DUFFY HEAD OF MIDDLE SCHOOL 60.00 X 132641 0 67978 PETER GALLO DIRECTOR OF DEVELOPMENT 60.00 X 169110 0 69770 1513357 0 413305 31 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 612254 CONCHO CONSTRUCTION LLC 3814 OGLETHORPE STREET HYATTSVILLE MD 20782 CAMPUS CONSTRUCTION/RENOVATIONS 240945 BOLANA ENTERPRISES INC 10739 TUCKER STREET SUITE 270 BELTSVILLE MD 20705 FACILITY SERVICES (CLEANING/JANITORIAL) 215414 COX GRAAE SPACK ARCHITECTS PC 2909 M STREET NW WASHINGTON DC 20007 ARCHITECTURE SERVICES 207144 JW CULLOP INC 7404 WOODVILLE ROAD MT AIRY MD 21771 HVAC SYSTEMS MAINTENANCE 119061 5 5367085 105305 5367085 TUITION & FEES 900099 28736447 28736447 AUXILIARY SERVICES 900099 3434544 3434544 32170991 395286 395286 273918 0 273918 273918 273918 2540769 2103292 437477 437477 437477 140517 67032 73485 73485 299636 126236 173400 173400 OTHER INCOME 900099 158578 158578 158578 39050220 32502969 0 1180166 4614891 4614891 756641 644669 72288 39684 14461053 12287701 1403263 770089 756469 662128 60817 33524 2285181 2000191 183720 101270 1115034 975975 89645 49414 75668 75668 67675 67675 53947 53947 604395 71893 230477 302025 119958 21635 92284 6039 703102 428874 234609 39619 1036173 1034248 329 1596 440821 394832 6678 39311 198592 90090 7534 100968 296193 58649 210998 26546 1676635 1387644 214526 74465 212496 212496 REPAIRS & MAINTENANCE 1299108 1246650 52458 GENERAL PROGRAM EXPENSE 950479 699282 239552 11645 FOOD SERVICES 866209 52924 811605 1680 SUMMER CAMP 653762 653762 543302 331217 181680 30405 33787784 27657255 4502249 1628280 500 500 7489983 9138532 386811 2891921 74999 130637 131994 212500 55354 148744 703441 453007 66225732 48314418 19042907 17911314 16897266 18406795 213237 208983 44996492 49502933 2302775 1961779 11735770 9539266 5354610 4759653 629840 419902 1011899 955627 2727427 84262 138500 21119156 20502154 X 2324627 3911666 21552709 25089113 23877336 29000779 44996492 49502933 5262436 -138993 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18343847 1354321 632389 666492 19664065 17631744 599585 737499 624981 18343847 16627889 529968 1066631 592744 17631744 15211629 152235 1771625 507600 16627889 19046110 170074 -7413 3997142 15211629 0.87610 0.12390 0 0 1309749 1309749 51014986 35271796 15743190 13900997 13042622 858375 17911314 CAPITAL LEASE OBLIGATIONS 138500 138500 X 34549642 -138993 8985 -4509891 -4639899 39189541 53947 -193268 -139321 39050220 29426199 8985 193268 202253 29223946 53947 4509891 4563838 33787784 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, 2020 AND 2019, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FOR THE YEARS ENDED JUNE 30, 2020 AND 2019, 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 2016 REMAIN OPEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -4,509,891. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS -126,236. FUNDRAISING EXPENDITURES GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS -67,032. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS 126,236. FUNDRAISING EXPENDITURES GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS 67,032. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 4,509,891. 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. EUROPE 0 0 PROGRAM SERVICES OVERSEAS TRIPS 66499 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES OVERSEAS TRIPS 10101 0 0 0 0 0 0 76600 0 76600 0 0 0 0 0 0 PART III ACCOUNTING METHOD: AZALEA FESTIVAL 45992 45992 16208 HOLIDAY GREENS SALE 94525 94525 575 50249 140517 140517 575 66457 67032 73485 1 TUITION FINANCIAL AID 161 4509891 SCHOLARSHIPS 11 105000 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 551726 0 0 0 7633 0 30700 0 69307 0 659366 0 0 0 JEREMY KUGEL CFO/COO (THROUGH MAY 2020) 199736 0 0 0 21087 0 14472 0 22007 0 257302 0 0 0 CHARLES FRANKLIN ASSISTANT HEADMASTER 147139 0 0 0 715 0 10490 0 57538 0 215882 0 0 0 SARAH POWERS DIRECTOR OF ADMISSIONS 146238 0 0 0 728 0 0 0 60464 0 207430 0 0 0 ERIN DUFFY HEAD OF MIDDLE SCHOOL 132106 0 0 0 535 0 9520 0 58458 0 200619 0 0 0 PETER GALLO DIRECTOR OF DEVELOPMENT 168098 0 0 0 1012 0 11963 0 57807 0 238880 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 $9,100. 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 PETER GALLO - $40,000 CHARLES FRANKLIN - $40,000 SARAH POWERS - $40,000 ERIN DUFFY - $40,000 THE FOLLOWING INDIVIDUALS RECEIVED A TAXABLE HOUSING BENEFIT: JEREMY KUGEL - $19,996 A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2011-06-02 10114264 TO REFUND THE 1999 BONDS & REFINANCE THE ENTIRE OUTSTANDING BALANCE 0 0 0 A 5354611 10114264 107717 10006547 2011 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 DAVID ARMSTRONG FORMER HEADMASTER DEFERRED COMPENSATION OBLIGATION CONVERTED TO A LOAN X 1035518 419902 0 1 1 419902 X 9 58157 AVERAGE X GYM AND CARDIO ROOM FLOORING 1 34220 FMV X YAMAHA PIANO 1 12000 FMV X SUPPLIES 1 928 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 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 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 FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).