2021-03-24T18:25:08-05:00 2020-06-30 521197902 MULLEN SONDBERG WIMBISH & STONE PA 888 BESTGATE ROAD SUITE 310 ANNAPOLIS MD 21401 990 2019-07-01 520591466 SEVERN SCHOOL INC SEVE 4106477701 201 WATER STREET SEVERNA PARK MD 21146 DOUGLAS LAGARDE HEAD OF SCHOOL 4106477700 2021-03-24 1 PHILIP J WIMBISH JR CPA P01285171 4102244920 2021-03-24 2019 2022-09-23 18:48:47Z DOUGLAS LAGARDE 201 WATER STREET SEVERNA PARK MD 21146 28349925 0 X WWW.SEVERNSCHOOL.COM X 1938 MD TO PROVIDE EDUCATION TO STUDENTS YEARS PRE-K THROUGH TWELVE. 29 29 310 400 0 0 1344615 1450276 21897843 22571115 620543 566493 361468 307428 24224469 24895312 2626436 2764625 0 0 14299546 14797482 0 0 1058488 6057336 6061220 22983318 23623327 1241151 1271985 65851334 68583815 15337876 16861913 50513458 51721902 AN INDEPENDENT, CO-ED SCHOOL PROVIDING EDUCATION TO STUDENTS IN YEARS PRE-K THROUGH TWELVE. 0 0 19359590 2764625 22571115 EDUCATIONAL - PROVIDE EDUCATION FOR STUDENTS YEARS PRE-K THROUGH TWELVE. 19359590 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 0 0 0 0 0 0 0 0 0 1 58 0 1 310 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X THE ORGANIZATION 4106477700 201 WATER STREET SEVERNA PARK MD 21146 MR JAMES M MURPHY CHAIR 3.00 X X 0 0 0 MR JAMES P O'HARE VICE CHAIR 3.00 X X 0 0 0 MRS JENNIFER L MANN SECRETARY 3.00 X X 0 0 0 MR JON M MAHAN TREASURER 3.00 X X 0 0 0 MR SCOTT T BASS TRUSTEE 3.00 X 0 0 0 MR CHARLES A BELO TRUSTEE 3.00 X 0 0 0 MR DAVID CAHOUET TRUSTEE 3.00 X 0 0 0 MR ANDREW BAUER TRUSTEE 3.00 X 0 0 0 MS ROBYN M FORMICA TRUSTEE 3.00 X 0 0 0 HON BETH P GESNER TRUSTEE 3.00 X 0 0 0 MRS LYNNE M HARDING TRUSTEE 3.00 X 0 0 0 MR KENT L HOLTGREWE TRUSTEE 3.00 X 0 0 0 MS GINA DESTEFANO TRUSTEE 3.00 X 0 0 0 MR JONATHAN P KAGAN TRUSTEE 3.00 X 0 0 0 MR DEAN DOUGLAS TRUSTEE 3.00 X 0 0 0 DR KATHERINE GRAW LAMOND TRUSTEE 3.00 X 0 0 0 MR VISHVA GHEEWALA TRUSTEE 3.00 X 0 0 0 MR EDWARD HILLER TRUSTEE 3.00 X 0 0 0 MR SHAUN R MATHIS TRUSTEE 3.00 X 0 0 0 MR SHERWOOD E PAGE TRUSTEE 3.00 X 0 0 0 MR ERIC V PIKUS TRUSTEE 3.00 X 0 0 0 MR JOHN C STAMATO TRUSTEE 3.00 X 0 0 0 DR DIANE C SWEENEY TRUSTEE 3.00 X 0 0 0 MR ERIC VEIEL TRUSTEE 3.00 X 0 0 0 MR JONATHAN JAY TRUSTEE 3.00 X 0 0 0 MS STEPHANIE JACOBS TRUSTEE 3.00 X 0 0 0 MS KATIE LEAVY TRUSTEE 3.00 X 0 0 0 MS ELSA MASKELL TRUSTEE 3.00 X 0 0 0 MR DOUGLAS LAGARDE HEAD OF SCHOOL 40.00 X 411412 0 50046 MR TERRY DEL PRETE DIR. OF BUSINESS & FINANCE 40.00 X 189817 0 46683 MR SHANNON HOWELL DIRECTOR OF DEVELOPMENT 40.00 X 139530 0 62919 MS CATHY NORTH HEAD, LOWER SCHOOL 40.00 X 112771 0 57594 MS MARY GREEN DIRECTOR OF ADVANCEMENT 40.00 X 123013 0 36847 MR JULIAN DOMENECH ATHLETIC DIRECTOR 40.00 X 109446 0 41697 MS KELLY WILSON DIRECTOR OF STUDIES 40.00 X 112765 0 14538 1198754 0 310324 7 0 1 0 BROCK AND COMPANY INC 257 GREAT VALLEY PARKWAY MALVERN PA 19355 DINING SERVICES 386568 CP CLEANING SERVICE INC 806 BALTIMORE ANNAPOLIS BLVD SEVERNA PARK MD 21146 CLEANING SERVICES 244541 AMP SYSTEMS LLC PO BOX 4593 CROFTON MD 21114 IT MAINTENANCE 134460 MARCO TECHNOLOGIES LLC PO BOX 660831 DALLAS TX 75266 COPIER LEASE/SERVICES 109811 MINUTEMAN PRESS 100 ROESLER ROAD SUITE 101 GLEN BURNIE MD 21060 PRINTING SERVICES 107623 5 1450276 4910 1450276 TUITION/FEES 900099 22571115 22571115 22571115 547566 547566 146255 0 146255 146255 146255 3365878 3346951 18927 18927 18927 256076 107662 148414 148414 MISCELLANEOUS REVENUE 900099 12759 12759 12759 24895312 22571115 0 873921 2764625 2764625 697958 697958 10743140 8993223 1176355 573562 808954 680626 84920 43408 1769952 1462362 175723 131867 777478 617051 120030 40397 73795 73795 57775 57775 213465 152210 61255 161639 161639 1074376 977068 87576 9732 134460 124898 8775 787 722764 603732 112398 6634 174669 145223 6929 22517 490645 259669 68662 162314 292741 266395 23419 2927 1668667 1518486 133493 16688 100207 92540 6815 852 REPAIRS, MAINTENANCE, A 460313 427578 30039 2696 BAD DEBTS 247280 211743 35537 MISCELLANEOUS 188424 112265 67589 8570 23623327 19359590 3205249 1058488 1511841 2652584 3415039 5981694 630395 658727 237138 118025 6803 6803 227194 268915 61534655 19268599 43649434 42266056 14972762 15919680 1157330 696889 43398 14442 65851334 68583815 1322366 1352627 2518561 2300855 10927472 10419585 461174 108303 2788846 15337876 16861913 X 38065817 39164088 12447641 12557814 50513458 51721902 65851334 68583815 1271985 -63541 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14499998 319071 381395 557207 14643257 13806211 230333 958914 495460 14499998 12897557 269806 1133697 494849 13806211 11713918 128570 1516184 461115 12897557 11510849 256270 363927 417128 11713918 0.20860 0.50200 0.28940 0 0 3718542 3718542 53863387 17001501 36861886 3663317 2267098 1396219 289409 289409 42266056 DEFERRED COMPENSATION 151286 CAPITAL LEASE 2647 PAYCHECK PROTECTION PROGRAM LOAN PAYABLE 2634913 2788846 X 22067146 -63541 -2764625 -2828166 24895312 0 24895312 20858702 0 20858702 2764625 2764625 23623327 PART V, LINE 4: THE SCHOOL INTENDS TO USE THE ENDOWMENT FUNDS TO SUPPLEMENT THE ANNUAL OPERATIONS OF THE SCHOOL AS WELL AS FULFILL DONOR RESTRICTIONS PLACED ON ENDOWMENTS. PART X, LINE 2: THE SCHOOL FOLLOWS THE GUIDANCE OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR THE RECOGNITION AND MEASUREMENT OF THE BENEFITS OF INDIVIDUAL TAX POSITIONS IN THE FINANCIAL STATEMENTS, INCLUDING THOSE OF NONPROFIT ORGANIZATIONS. TAX POSITIONS MUST MEET A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT IN ORDER FOR THE BENEFIT TO BE RECOGNIZED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL ANALYZES TAX POSITIONS TAKEN, INCLUDING THOSE RELATED TO THE REQUIREMENTS SET FORTH IN IRC SEC. 501(C) TO QUALIFY AS A TAX-EXEMPT ORGANIZATION, ACTIVITIES PERFORMED BY VOLUNTEERS AND BOARD MEMBERS, THE REPORTING OF UNRELATED BUSINESS INCOME, AND ITS STATUS AS A TAX-EXEMPT ORGANIZATION UNDER MARYLAND STATE STATUTE. THE SCHOOL DOES NOT KNOW OF ANY TAX BENEFITS ARISING FROM UNCERTAIN TAX POSITIONS AND THERE WAS NO EFFECT ON THE SCHOOL'S FINANCIAL POSITION OR CHANGES IN NET ASSETS AS A RESULT OF ANALYZING ITS TAX POSITIONS. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2017 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -2,764,625. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,764,625. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NONDISCRIMINATORY POLICY PUBLISHED ANNUALLY IN AREA NEWSPAPER. SCHEDULE E, PART I, LINE 6 DURING THE FISCAL YEAR ENDED JUNE 30, 2020, SEVERN SCHOOL, INC. RECEIVED $2,634,913 FROM THE UNITED STATES SMALL BUSINESS ADMINISTRATION'S (SBA) PAYCHECK PROTECTION PROGRAM (PPP). THE PPP FUNDING IS STRUCTURED AS A FORGIVABLE LOAN BY THE SBA. SEVERN SCHOOL, INC. HAS RECORDED A LONG-TERM LOAN PAYABLE TOTALING $2,634,913 IN ITS AUDITED FINANCIAL STATEMENTS AND FORM 990 (PART X, LINE 25) AS OF JUNE 30, 2020. SEVERN SCHOOL, INC.'S PPP FUNDING IS SUBJECT TO A FORMAL FORGIVENESS APPLICATION AS WELL AS A REQUIRED AUDIT BY THE SBA. AUCTION 158062 158062 63947 GOLF TOURNAMENT 50610 50610 24433 2 47404 47404 19282 256076 256076 107662 107662 148414 1 FINANCIAL AID FOR STUDENTS 227 2764625 TUITION FEE SCHEDULE TUITION SCHOLARSHIPS & TUITION REMISSION PART I, LINE 2: THE SCHOOL MONITORS THE USE OF GRANT FUNDS ON A YEARLY BASIS. TUITION ASSISTANCE AND REMISSION IS AWARDED ON AN ANNUAL BASIS BY A COMMITTEE AND IS BASED UPON STUDENT NEED AND ELIGIBILITY. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MR DOUGLAS LAGARDE HEAD OF SCHOOL 411412 0 0 0 0 0 30361 0 19685 0 461458 0 0 0 MR TERRY DEL PRETE DIR. OF BUSINESS & FINANCE 189817 0 0 0 0 0 19250 0 27433 0 236500 0 0 0 MR SHANNON HOWELL DIRECTOR OF DEVELOPMENT 139530 0 0 0 0 0 12234 0 50685 0 202449 0 0 0 MS CATHY NORTH HEAD, LOWER SCHOOL 112771 0 0 0 0 0 9874 0 47720 0 170365 0 0 0 MS MARY GREEN DIRECTOR OF ADVANCEMENT 123013 0 0 0 0 0 10668 0 26179 0 159860 0 0 0 MR JULIAN DOMENECH ATHLETIC DIRECTOR 109446 0 0 0 0 0 9476 0 32221 0 151143 0 0 0 PART I, LINE 1A AS IS NORMAL AND CUSTOMARY WITH SCHOOLS, THE HEAD OF SCHOOL OF SEVERN SCHOOL (DOUGLAS LAGARDE) IS PROVIDED WITH HOUSING FOR THE CONVENIENCE OF THE SCHOOL AND IS A CONDITION OF EMPLOYMENT (PER EMPLOYMENT CONTRACT) THAT THE HEAD OF SCHOOL RESIDE IN THE HOUSE PROVIDED. THE HEAD OF SCHOOL'S HOME IS USED FOR MANY SCHOOL ACTIVITIES INCLUDING HOSTING EVENTS FOR STUDENTS, FACULTY, AND SUPPORTERS. THE CALCULATED NONTAXABLE BENEFIT RECIEVED BY THE HEAD OF SCHOOL FOR THE PERSONAL USE OF THE HOUSING AMOUNTED TO APPROXIMATELY $60,000. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 000000000 2016-08-31 13800000 REFUND PRIOR BONDS AND REFINANCE NOTE 0 0 0 A 3211000 13800000 13800000 2016 1 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT/FINANCIAL COMMITTEE SHALL REVIEW AND APPROVE THE IRS FORM 990 ANNUAL TAX FILING PRIOR TO SUBMISSION, AND THE FULL BOARD WILL BE ABLE TO ACCESS AND VIEW THE 990 THROUGH A DOCUMENT PORTAL PRIOR TO FILING. THE HEAD OF SCHOOL SHALL SIGN AND CERTIFY THAT THE IRS FORM 990 IS ACCURATE AND COMPLETE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES TO REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE AND SIGN AN ANNUAL DISCLOSURE QUESTIONNAIRE. FORM 990, PART VI, SECTION B, LINE 15 THE BYLAWS OF SEVERN SCHOOL ESTABLISHED A PESONNEL COMMITTEE THAT HAS GENERAL OVERSIGHT OF THE SCHOOL'S HUMAN RESOURCE PLAN. SPECIFIC DUTIES INCLUDE YEARLY EVALUATION OF THE FACULTY COMPENSATION SCALES/RANGE AS WELL AS THE RANGES FOR STAFF ADMINISTRATORS. COMPETENT SALARY SURVEY(S) OF INDEPENDENT AND OTHER SCHOOLS ARE USED TO BENCHMARK COMPENSATION FOR FACULTY COMPENSATION. FOR THE ADMINISTRATOR COMPENSATION LEVELS, THE COMMITTEE USES THE DATA PROVIDED BY THE ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS (AIMS) IF AVAILABLE AS A GUIDE. THE EXECUTIVE COMMITTEE OF THE BOARD MEETS TO DISCUSS THE COMPENSATION PACKAGE FOR THE HEAD OF SCHOOL USING DATA PROVIDED BY AIMS AS WELL AS OTHER INFORMATION THEY FIND IN THEIR RESEARCH. THE EXECUTIVE COMMITTEE PERFORMS THE ANNUAL EVALUATION OF THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE PRESENTED ITS FINDINGS AND RECOMMENDATIONS TO THE FULL BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO PUBLIC INSPECTION UPON WRITTEN REQUEST. THE ORGANIZATION'S FORM 990 IS ALSO AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. PART XII LINE 2C THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT AUDITOR AND ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.