2021-02-25T14:20:04-06:00 2020-06-30 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2019-07-01 521453297 WASHINGTON EPISCOPAL DAY SCHOOL INC WASH 3016527878 5600 LITTLE FALLS PARKWAY BETHESDA MD 20816 WENDY TASIN BUSINESS OFFICER 3016527878 2021-02-25 1 WILLIAM E TURCO CPA P00369217 3012963600 2021-02-25 2019 2022-09-23 18:48:47Z WASHINGTON EPISCOPAL SCHOOL DANIEL VOGELMAN 5600 LITTLE FALLS PARKWAY BETHESDA MD 20816 11613386 0 X WWW.W-E-S.ORG X 1986 DC WASHINGTON EPISCOPAL SCHOOL INSPIRES ACADEMIC AND PERSONAL EXCELLENCE WITHIN A JOYFUL LEARNING ENVIRONMENT TO DEVELOP STUDENTS WHO ARE KIND, CONFIDENT, AND PREPARED. 20 18 156 315 0 0 623400 631373 10082931 10017752 863221 553212 317569 319778 11887121 11522115 1546624 1764835 0 0 6474254 6798102 0 0 352500 3448029 2966995 11468907 11529932 418214 -7817 36621987 37024620 15825383 16235061 20796604 20789559 WASHINGTON EPISCOPAL SCHOOL INSPIRES ACADEMIC AND PERSONAL EXCELLENCE WITHIN A JOYFUL LEARNING ENVIRONMENT TO DEVELOP STUDENTS WHO ARE KIND, CONFIDENT, AND PREPARED. 0 0 9068810 1764835 9569010 CO-EDUCATIONAL DAY SCHOOL FOR STUDENTS FROM AGE 3 THROUGH GRADE 8. 286 STUDENTS, 173 SCHOOL DAYS. OBJECTIVE IS TO PREPARE STUDENTS FOR SUCCESS IN SECONDARY SCHOOL AND BEYOND. 220051 448742 SUMMER PROGRAM FOR CHILDREN AGE 3 THROUGH 14. 411 CAMPERS, 9 WEEKS EACH SUMMER. OBJECTIVE IS TO PROVIDE FUN, ENRICHING ACTIVITIES. 9288861 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 32 0 1 156 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 18 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MD X WENDY TASIN 3016527878 5600 LITTLE FALLS PARKWAY BETHESDA MD 20816 LES CARNEGIE CHAIR 10.00 X X 0 0 0 MARK BALL VICE-CHAIR 5.00 X X 0 0 0 STACIE DERAMUS SECRETARY 5.00 X X 0 0 0 KELLY NELSON TREASURER 5.00 X X 0 0 0 MAHMOUD BAH TRUSTEE 2.00 X 0 0 0 THE REVEREND PRINCE DECKER TRUSTEE 2.00 X 0 0 0 TONYA FINTON TRUSTEE 2.00 X 0 0 0 ANASTASIA GEKIS TRUSTEE 2.00 X 0 0 0 M MICHELE HOGAN TRUSTEE 2.00 X 0 0 0 JAY IRWIN TRUSTEE 2.00 X 0 0 0 NICOLE MILLER TRUSTEE 2.00 X 0 0 0 STACEY MILNE TRUSTEE 2.00 X 0 0 0 JAY PANCHAL TRUSTEE 2.00 X 0 0 0 RAY SCHUPP TRUSTEE 2.00 X 0 0 0 KEELEY SNIDER TRUSTEE 2.00 X 0 0 0 LAURA STEUART TRUSTEE 2.00 X 0 0 0 BRITT SNEIDER TRUSTEE 2.00 X 0 0 0 JEFF TIGNOR TRUSTEE 2.00 X 0 0 0 LIZ TYNDALL TRUSTEE 2.00 X 0 0 0 DANIEL VOGELMAN TRUSTEE/HEAD OF SCHOOL 50.00 X X 405309 0 36315 WENDY TASIN BUSINESS MANAGER 50.00 X 42361 0 7624 T SUMNER WEYMOUTH FINANCE DIRECTOR THRU 8/16/19 40.00 X 80528 0 6579 WILLIAM ISOLA DEAN OF STUDENTS 40.00 X 107975 0 11128 MEHDI ELSASSEM STEM SCIENCE TEACHER 40.00 X 103893 0 33480 740066 0 95126 3 0 1 0 THERRIEN WADDELL INC 100 LAKEFOREST BLVD STE 600 GAITHERSBURG MD 20877 CONSTRUCTION COMPANY 650624 PATUXENT ROOFING & CONTRACTING INC 50 RITCHIE ROAD CAPITOL HEIGHTS MD 20743 ROOFING COMPANY 198230 RED COATS INC PO BOX 79579 BALTIMORE MD 21279 BUILDING CLEANING 104230 3 151662 479711 17583 631373 TUITION AND FEES 900099 9569010 9569010 SUMMER CAMP FEES 900099 448742 448742 10017752 274408 274408 166823 0 166823 166823 166823 278804 0 278804 278804 278804 159556 151662 91191 68365 68365 8044 80 7964 7964 823 0 823 823 OTHER INCOME 900099 75803 75803 75803 11522115 10017752 0 872990 1764835 1764835 416676 312521 87490 16665 4945371 3709214 1038372 197785 253269 189952 53186 10131 810544 607908 170214 32422 372242 279181 78171 14890 28242 28242 46792 46792 100936 100936 160086 92392 67694 115999 111535 4464 155349 13338 86576 55435 101514 78244 18616 4654 342992 300151 37751 5090 27197 27197 536162 522489 11796 1877 706171 688163 15536 2472 131701 98776 27657 5268 SUMMER CAMP EXPENSES 220051 220051 ENRICHMENT EXPENSES 139256 139256 DUES & MEMBERSHIPS 38845 38845 BAD DEBT 33336 25002 7001 1333 82366 69811 12541 14 11529932 9288861 1888571 352500 1149 1616 3670873 3503508 203790 125814 227912 183448 39858932 12229815 27220737 27629117 558574 576111 4718952 4985006 20000 20000 36621987 37024620 967846 890052 1707353 1134552 12901252 12655913 248932 1554544 15825383 16235061 X 19417269 19385598 1379335 1403961 20796604 20789559 36621987 37024620 X -7817 283257 -282485 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 131766 2810 7685 142261 126985 1784 3172 175 131766 119145 8263 8841 9264 126985 99935 7094 12116 119145 86668 15318 -2051 99935 1.00000 0 0 18283076 18283076 19523464 10324081 9199383 2052392 1905734 146658 27629117 TIFF-MULTI-ASSET 4985006 F 4985006 CAPITAL LEASE OBLIGATION 37142 INTEREST RATE SWAP 467202 DEFERRED COMPENSATION 20000 REFUNDABLE ADVANCES 1030200 1554544 X 10030872 283257 -1764835 -1481578 11512450 100936 -91271 9665 11522115 9741721 91271 91271 9650450 100936 1778546 1879482 11529932 PART V, LINE 4: THE SCHOOL STARTED THE ALLEYNE MEMORIAL FUND DURING THE YEAR ENDED JUNE 30, 2015, TO MEMORIALIZE A TEACHER WHO PASSED AWAY DURING THE SCHOOL YEAR. THE INCOME FROM THE FUND WILL SUPPORT FINANCIAL AID. PART X, LINE 2: WES IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, WES IS SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME AS DEFINED BY THE INTERNAL REVENUE SERVICE. DURING THE YEARS ENDED JUNE 30, 2020 AND 2019, WES HAD NO TAXABLE UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES WAS REQUIRED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE LLC IS A SINGLE MEMBER LIMITED LIABILITY CORPORATION, WHICH IS A DISREGARDED TAX ENTITY AND, THEREFORE, IS GENERALLY NOT SUBJECT TO CORPORATE LEVEL INCOME TAXES. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION FOR FINANCIAL STATEMENT PRESENTATION -1,764,835. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON 8B -91,191. GAMING EXPENSE REPORTED ON 9B -80. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON 8B 91,191. GAMING EXPENSE REPORTED ON 9B 80. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION FOR FINANCIAL STATEMENT PRESENTATION 1,764,835. LEGAL AND ENGINEERING COSTS 13,711. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS PUBLICIZED THROUGH PRINTED MATERIALS AND PERIODIC ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 IN MARCH 2020, THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES) WAS SIGNED INTO LAW TO PROVIDE EMERGENCY ASSISTANCE AND HEALTH CARE RESPONSE FOR INDIVIDUALS, FAMILIES AND BUSINESSES AFFECTED BY THE 2020 CORONAVIRUS PANDEMIC. UNDER THE CARES ACT, THE SCHOOL APPLIED FOR A PPP LOAN WITH A BANK THAT IS ADMINISTERED BY THE SMALL BUSINESS ADMINISTRATION, AND RECEIVED $1,030,200 DURING MAY 2020. THE PPP LOAN HAS A 1.0% RATE OF INTEREST AND A SEVEN-MONTH DEFERRAL OF PRINCIPAL AND INTEREST PAYMENTS; THEREAFTER, MONTHLY PRINCIPAL AND INTEREST PAYMENTS ARE DUE OVER 17 CONSECUTIVE MONTHS, WITH A FINAL PAYMENT IN MAY 2022. THE LOAN CAN BE PREPAID WITHOUT PENALTY AT ANY TIME. THE SCHOOL USED THE FULL AMOUNT OF THE PPP FUNDS FOR PAYROLL AND OTHER QUALIFIED EXPENSES AND EXPECT THE LOAN TO BE FORGIVEN WHEN THE SUBMISSION PROCESS IS AVAILABLE DURING THE NEXT FISCAL YEAR. AT JUNE 30, 2020, THE PPP LOAN WAS RECOGNIZED AS A REFUNDABLE ADVANCE OF $1,030,200 ON THE CONSOLIDATED BALANCE AUCTION 311218 151662 159556 12255 41049 8974 28913 311218 151662 159556 12255 41049 8974 28913 91191 68365 1 FINANCIAL AID 95 1699636 65199 FMV EXTENDED DAY, BOOKS & OTHER FEES PART I, LINE 2: APPLICATIONS FOR FINANCIAL AID ARE SENT TO AN INDEPENDENT RATING AGENCY FOR ANALYSIS AND PROCESSING. THE AGENCY PREPARES A REPORT THAT SUGGESTS A REASONABLE PARENT CONTRIBUTION BASED ON FINANCIAL NEED. THE FINANCIAL AID COMMITTEE EVALUATES THE REPORT AND AND CONSIDERS THE NEEDS OF RETURNING STUDENTS FIRST AND THEN NEW STUDENTS. THE AMOUNT OF THE GRANT IS DETERMINED BASED ON RECOMMENDATIONS WITHIN THE SCHOOL'S BUDGET LIMITATIONS. X X 1 1 X X 0 0 0 0 0 0 0 1 0 DANIEL VOGELMAN TRUSTEE/HEAD OF SCHOOL 257221 0 10000 0 138088 0 20079 0 16628 0 442016 0 0 0 PART I, LINE 1A DANIEL VOGELMAN, HEAD OF SCHOOL GROSS-UP PAYMENT ON TUITION WAS $45,200. DANIEL VOGELMAN, HEAD OF SCHOOL RECEIVED NON-TAXABLE DISCRETIONARY SPENDING ACCOUNT. PART I, LINE 7 DANIEL VOGELMAN RECEIVED A BONUS WHICH WAS APPROVED BY THE BOARD EXECUTIVE COMMITTEE. 61898 FINANCIAL AID TUITION FORM 990, PART VI, SECTION A, LINE 4 ARTICLE II SECTION 2: THE NUMBER OF ELECTED TRUSTEES WAS CHANGED FROM NOT THAN TWENTY-ONE TO NOT MORE THAN TWENTY-FIVE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DRAFT IS APPROVED BY THE BOARD CHAIR AND TREASURER. THE FORM 990 IS DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C UPON APPOINTMENT, EACH MEMBER OF THE BOARD OF TRUSTEES IS ASKED TO COMPLETE AND EXECUTE AN ACKNOWLEDGEMENT OF THE SCHOOL'S CONFLICT OF INTEREST POLICY THAT GOVERNS THEIR APPOINTMENT THROUGH THE END OF THEIR TERM. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT ESTABLISHED A BASE SALARY AND BENEFITS, DETERMINED BY COMPARISONS TO SALARIES AND BENEFITS FOR HEADS WITH SIMILAR YEARS OF EXPERIENCE AT SIMILAR INDEPENDENT SCHOOLS IN THE DC AREA. THE BOARD OF TRUSTEES ADJUSTS THE HEAD OF SCHOOL'S COMPENSATION EACH YEAR BASED ON AN ANNUAL EVALUATION OF THE HEAD'S PERFORMANCE. THE BOARD CONSIDERS IN THIS REVIEW FEEDBACK FROM THE ADMINISTRATIVE TEAM, A SELF-EVALUATION PROVIDED BY THE HEAD, THE COMPENSATION CHANGE PREVIOUSLY DETERMINED BY THE BOARD FOR ALL OTHER FACULTY AND STAFF, AND ANY OTHER INFORMATION RELEVANT TO THE BOARD'S EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE SCHOOL'S BYLAWS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: GAIN (LOSS) ON INTEREST RATE SWAP -282,485. WES FINANCE LLC 5600 LITTLE FALLS PKWY BETHESDA MD 20816 454907099 HOLDING WASHINGTON EPISCOPAL DAY SCHOOL, INC.'S DEBT MD 0 12910002 WASHINGTON EPISCOPAL DAY SCHOOL INC