2021-05-14T10:07:15-05:00 2020-06-30 222428965 CITRIN COOPERMAN & COMPANY LLP 2 BETHESDA METRO CENTER 11TH FLOOR BETHESDA MD 20814 990 2019-07-01 540505925 THE MADEIRA SCHOOL INC MADE 7035568241 8328 GEORGETOWN PIKE MCLEAN VA 221021203 ALEX HEIBERGER CFO 7035568241 2021-05-12 1 BRIAN J GIGANTI P00646609 3016549000 2019 2022-09-23 18:48:47Z ALEX HEIBERGER 8328 GEORGETOWN PIKE MCLEAN VA 221021203 53094846 0 X WWW.MADEIRA.ORG X 1906 VA AS A BOARDING-DAY SCHOOL FOR GIRLS, MADEIRA'S MISSION IS LAUNCHING WOMEN WHO CHANGE THE WORLD. 30 30 321 250 73682 -40495 15657226 9703486 20539558 20176170 4791051 -181509 0 0 40987835 29698147 3670783 3497445 0 0 11255740 11708320 118123 4250 1901184 10446401 9493797 25491047 24703812 15496788 4994335 184794841 187352923 32181712 33278568 152613129 154074355 MADEIRA IS A BOARDING AND DAY COLLEGE PREPARATORY SCHOOL FOR GIRLS IN GRADES NINE THROUGH TWELVE. MADEIRA IS A GIRLS SCHOOL BY DESIGN WHERE EVERY ASPECT OF ACADEMIC, SOCIAL AND ATHLETIC LIFE IS DIRECTED TOWARD EDUCATING THE NEXT GENERATION OF YOUNG WOMEN FOR LEADERSHIP. 0 0 18818148 3497445 20103157 BOARDING AND DAY SCHOOL FOR GIRLS PROVIDING HIGH SCHOOL EDUCATION (324 STUDENTS) 18818148 1 1 0 0 0 0 0 0 0 1 1 1 0 0 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 0 0 1 0 0 0 0 0 0 0 0 1 73 0 1 321 1 1 1 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X ALEXANDER C HEIBERGER CFO 7035568241 8328 GEORGETOWN PIKE MCLEAN VA 221021203 HEATHER JOHNSON DIRECTOR 3.00 X 0 0 0 GAITHER SMOOT DEATON PRESIDENT 3.00 X X 0 0 0 HARRY J KLAFF TREASURER 3.00 X X 0 0 0 ANITA TOLANI SECRETARY 3.00 X X 0 0 0 PILAR CABEZA DE VACA HEAD OF SCHOOL 40.00 X X 294776 0 95813 ANN BAKER BONEY DIRECTOR 3.00 X 0 0 0 LEE CAROL COOK DIRECTOR 3.00 X 0 0 0 ALEX CHRISTINE DOUGLAS DIRECTOR 3.00 X 0 0 0 WILLIAM FDUNBAR DIRECTOR 3.00 X 0 0 0 ANNE FAIRCLOTH VICE PRESIDENT 3.00 X X 0 0 0 RICHARD PHALL DIRECTOR 3.00 X 0 0 0 CARRIE SOUTHWORTH JOHNSON DIRECTOR 3.00 X 0 0 0 JOY JOHNSON VICE PRESIDENT 3.00 X X 0 0 0 LOUISE STILLMAN LEHRMAN DIRECTOR 3.00 X 0 0 0 PAMELA JMAZZA DIRECTOR 3.00 X 0 0 0 NANCY MILLER MONTGOMERY DIRECTOR 3.00 X 0 0 0 REENA LAWANDE PANDE DIRECTOR 3.00 X 0 0 0 KUMEA SHORTER-GOODEN DIRECTOR 3.00 X 0 0 0 CATHERINE ROSENTHAL STUART DIRECTOR 3.00 X 0 0 0 AUDREY BAXTER YOUNG DIRECTOR 3.00 X 0 0 0 JAYLAAN AHMAD-LLEWELLYN DIRECTOR 3.00 X 0 0 0 GREGORY W BROWN DIRECTOR 3.00 X 0 0 0 WILLIAM ERIC CLARK DIRECTOR 3.00 X 0 0 0 AVERY MILLER DIRECTOR 3.00 X 0 0 0 MICHELLE MALEK OLSON DIRECTOR 3.00 X 0 0 0 TRACY G SAVAGE DIRECTOR 3.00 X 0 0 0 KATE WISNIEWSKI WEIR DIRECTOR 3.00 X 0 0 0 KARA BELL DIRECTOR 3.00 X 0 0 0 RENE CHAZE DIRECTOR 3.00 X 0 0 0 GEORGE KACZMARSKYJ DIRECTOR 3.00 X 0 0 0 NANCY RODWELL TUOHY DIRECTOR 3.00 X 0 0 0 SUSAN HANIFIN ASSISTANT SECRETARY 3.00 X 67137 0 33114 ALEXANDER C HEIBERGER CHIEF FINANCIAL OFFICER 40.00 X 228411 0 66438 SCOTT COHEN ASST TREASURER/COMPTROLLER 40.00 X 122422 0 11107 ANDRE WITHERS ASSISTANT HEAD OF SCHOOL 40.00 X 106296 0 77911 MARY ANN MAHONEY DEAN OF FACULTY AND ACADEM 40.00 X 157282 0 30495 PATTI COLLINS SENIOR DEVELOPMENT OFFICER 40.00 X 142183 0 56477 LOUISE PETERSON DIRECTOR OF DEVELOPMENT 40.00 X 144851 0 91406 KIMBERLY NEWSOME DEAN OF STUDENTS 40.00 X 107851 0 46427 JEFF DAYTON DIRECTOR OF TECHNOLOGY 40.00 X 103772 0 12314 1474981 0 521502 9 0 1 0 JAMES G DAVIS CONSTRUCTION CORPORATION 12530 PARKLAWN DR 100 ROCKVILLE MD 20852 CONSTRUCTION 5793741 SODEXHO INC & AFFILIATES 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD SERVICE 613872 RED COATS INC 4401 EAST WEST HIGHWAY BETHESDA MD 20814 CLEANING SERVICE 588164 CENTERBROOK ARCHITECTS AND PLANNERS LLP 67 MAIN STREET CENTERBROOK CT 06409 ARCHITECT SERVICES 276447 ALLIED UNIVERSAL 161 WASHINGTON STREET SUITE 600 CONSHOHOCKEN PA 19428 SECURITY SERVICE 257213 12 9703486 4869851 9703486 TUITION & BOARD 900099 17981420 17981420 AUXILIARY ACTIVITIES 900099 2194750 2121737 73013 20176170 1020167 669 1019498 22195023 23396699 -1201676 -1201676 -1201676 29698147 20103157 73682 -182178 X 3497445 3497445 1411700 1411700 8432568 5620624 1709580 1102364 675595 440150 147793 87652 527625 450975 16930 59720 660832 407640 175528 77664 135879 135879 74488 74488 4250 4250 426619 426619 4059088 1501429 2394658 163001 41015 17703 23312 855890 543217 193612 119061 99635 99542 93 675912 675912 173176 67910 46492 58774 209629 65805 123805 20019 667965 647258 12424 8283 1587907 1559979 17188 10740 290712 146637 114385 29690 OTHER MGT & GENERAL COS 195882 19276 95220 81386 ALLOCATION OF PROGRAM R 0 3732558 -3811138 78580 24703812 18818148 3984480 1901184 2 33736468 34503863 9193908 7644525 1637850 2828875 88082 75133 426210 394042 92913230 21266710 66318479 71646520 31852600 30770295 37848719 35164385 3692523 4325285 184794841 187352923 2060733 1918610 12551888 10518329 14507320 14016322 0 1776100 3061771 5049207 32181712 33278568 X 65961325 73417645 86651804 80656710 152613129 154074355 184794841 187352923 X 4994335 3710 -3536819 X X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68688035 838198 -1210792 2719260 65596181 65414836 2230124 3689299 2646224 68688035 64461671 657902 2895819 2600556 65414836 60738871 770223 5512331 2559754 64461671 63253288 343432 2857849 60738871 0.09580 0.76060 0.14360 0 0 236766 236766 76893993 15280252 61613741 7318413 4120094 3198319 8464058 1866364 6597694 71646520 GRAHAM GLOBAL INVESTMENT FUND II LTD 2229818 F GF CAPITAL PRIVATE EQUITY FUND II-A, LP 627079 F GENERATION IM GLOBAL EQUITY FUND, LLC 6938170 F GLENHILL LONG FUND LTD 40059 F LOOMIS SAYLES HIGH GRADE CORP BOND TR 3071915 F SOMERSET SMALL MID CAP EM ALL COUNTRY FUND LLC 1303987 F BLUE TREND FUND LIMITED 2036202 F EJF SPECIALTY FINANCE OPPORTUNITIES OFFSHORE FUND, LP 105463 F GOLUB CAPITAL INVESTMENT CORPORATION 1739089 F GOVERNORS LANE OFFSHORE FUND LTD 2212317 F HARVEST MLP INCOME FUND III LLC 1889742 F LANDMARK REAL ESTATE PARTNERS VIII, LP 331615 F KLINE HILL PARTNERS OFFSHORE FUND II LP 1350365 F COMMONFUND GLOBAL DISTRESSED PARTNERS III LP 23532 F THE WEATHERLOW OFFSHORE FUND I LTD 6612697 F ACCOLDES GROWTH 215251 F ACCOLADES VII 163639 F ACADIAN EMERGING 1670918 F MAKENA 604313 F KLINE HILL PARTNERS OPPORTUNITY 15000 F RENAISSANCE 1983214 C 35164385 INTEREST RATE SWAP AGREEMENT 5049207 5049207 X 22261417 -8520 -7428210 -7436730 29698147 0 29698147 20800191 0 20800191 3903621 3903621 24703812 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 90 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS. AS REQUIRED UNDER U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED STIPULATIONS. PART X, LINE 2: THE SCHOOL IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR INCOME TAXES ON UNRELATED BUSINESS INCOME. THERE WERE NO INCOME TAXES ON UNRELATED BUSINESS INCOME ACTIVITIES IN 2020 AND 2019. THE SCHOOL HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE VARIOUS JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE SCHOOL FILES FORMS 990 AND 990-T (INFORMATION AND TAX RETURNS) IN THE FEDERAL JURISDICTION AND THEIR EQUIVALENTS IN THE STATE OF VIRGINIA. U.S. GAAP REQUIRES THE SCHOOL'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SCHOOL'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AT JUNE 30, 2020 AND 2019, THERE WERE NO UNCERTAIN POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST RATE SWAP AGREEMENT -1,987,436. CHANGE IN SPLIT INTEREST AGREEMENT 12,230. NET CHANGES IN CONTRIBUTION RECEIVABLES -1,549,383. FINANCIAL AID INCLUDED IN REVENUES FOR FINANCIAL STATEMENT PURPOSE -3,477,002. INVESMENT FEES INCLUDED IN REVENUES FOR FINANCIAL STATEMENT PURPOSES -426,619. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXCLUDED FROM EXPENSE FOR FINANCIAL STATEMENT PURPOSES 3,477,002. INVESTMENT FEES INCLUDED IN REVENUES FOR FINANCIAL STATEMENT PURPOSES 426,619. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 INCLUDED IN ALL NEWSPAPER ADVERTISEMENTS AND IN LISTING OF "BUNTING AND LYON DIRECTORY OF PRIVATE SCHOOLS". CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 13237000 0 0 0 0 0 0 13237000 0 13237000 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 0 FINANCIAL AID AWARDED TO STUDENTS 126 3423468 FMV TUITION/FEES PERSONS RECEIVING GRANTS NOT REPORTING FINANCIAL AID BY STUDENT IS COVERED BY 20 U.S.C. 1232G. X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 PILAR CABEZA DE VACA HEAD OF SCHOOL 269216 0 0 0 25560 0 26339 0 69474 0 390589 0 0 0 ALEXANDER C HEIBERGER CHIEF FINANCIAL OFFICER 228411 0 0 0 0 0 21412 0 45026 0 294849 0 0 0 ANDRE WITHERS ASSISTANT HEAD OF SCHOOL 106296 0 0 0 0 0 10831 0 67080 0 184207 0 0 0 MARY ANN MAHONEY DEAN OF FACULTY AND ACADEM 138282 0 0 0 19000 0 14640 0 15855 0 187777 0 0 0 PATTI COLLINS SENIOR DEVELOPMENT OFFICER 142183 0 0 0 0 0 14029 0 42448 0 198660 0 0 0 LOUISE PETERSON DIRECTOR OF DEVELOPMENT 126851 0 0 0 18000 0 14831 0 76575 0 236257 0 0 0 KIMBERLY NEWSOME DEAN OF STUDENTS 107851 0 0 0 0 0 9950 0 36477 0 154278 0 0 0 PART I, LINE 1A THE VALUE OF HOUSING PROVIDED TO EMPLOYEES WHO LIVE ON CAMPUS IS BASED ON LOCAL REAL ESTATE RENTAL RATES FOR SIMILAR SIZED HOUSING AND IS INCLUDED IN TOTAL COMPENSATION FOR FORM 990 PURPOSES. PART I, LINE 1B THE COMPENSATION OF THE EMPLOYEES (OFFICERS) IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE SCHOOL PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION AGREEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 546001266 2017-08-01 18603416 TO FULLY REDEEM SERIES 2010 BOND AND TO PAY OFF LINE OF CREDIT 0 0 0 A 19302670 329697 3592973 2017 1 0 1 1 A 0 1 0 0 0.00020 0.00020 0 0 0 A 0 0 0 0 1 1 MORGAN STANLEY 30.000000000000 1 0 0 0 0 A 0 X 43 4494230 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): EACH CONTRIBUTION OF PUBLICLY TRADED SECURITIES IS COUNTED AS 1 GIFT PART I, LINE 32B: THE SCHOOL USES A THIRD PARTY BROKERAGE FIRM TO SELL PUBLICLY TRADED STOCKS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, AND THEN THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C AT THE FIRST BOARD MEETING EACH FISCAL YEAR, BOARD MEMBERS AND KEY EMPLOYEES ARE GIVEN A FORM TO FILL OUT AND SIGN. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE SCHOOL PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILIARLY SITUATED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 990 IS MADE AVAILABLE UPON REQUEST. OTHER ORGANIZATIONAL DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,501,429. MANAGEMENT AND GENERAL EXPENSES 2,394,658. FUNDRAISING EXPENSES 163,001. TOTAL EXPENSES 4,059,088. FORM 990, PART XI, LINE 9: NET CHANGES IN CONTRIBUTION RECEIVABLES -1,549,383. LOSS ON INTEREST RATE SWAP AGREEMENT -1,987,436. PART XII : LINE 2C THERE HAS BEEN NO CHANGE IN THE PROCESS BY WHICH THE AUDIT COMMITTEE CONDUCTS AND APPROVES THE AUDIT.