2020-04-20T09:06:31-05:00 2019-06-30 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2018-07-01 520591516 GARRISON FOREST SCHOOL INC GARR 4103631500 300 GARRISON FOREST SCHOOL OWINGS MILLS MD 21117 STACY MOHN DIRECTOR OF FINANCE AND OPERATIONS 4103631500 2020-04-17 1 JULIA FLANNERY CPA P00928918 4102469300 73.213.141.28 2020-04-17 12:44:55 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4EE6A31F760B3C5EA0809148B0E883CC4242B14C 2018 2020-09-23 17:36:50Z STACY MOHN 300 GARRISON FOREST SCHOOL OWINGS MILLS MD 21117 33000785 0 X WWW.GFS.ORG X 1939 MD AT GARRISON FOREST SCHOOL, WE PREPARE OUR STUDENTS IN AND OUT OF THE CLASSROOM TO THRIVE IN A COMPLEX AND CHANGING WORLD. 30 29 295 150 304205 0 9578230 9479124 19241404 19253585 2088114 2131337 342561 290889 31250309 31154935 4116474 4669091 0 0 11583480 13162441 0 0 848937 9589615 8153551 25289569 25985083 5960740 5169852 86255420 100126231 12364031 20877257 73891389 79248974 X AT GARRISON FOREST SCHOOL, WE PREPARE OUR STUDENTS IN AND OUT OF THE CLASSROOM TO THRIVE IN A COMPLEX, CHANGING WORLD BY: CHALLENGING THEM TO STRIVE FOR ACADEMIC EXCELLENCE AND TO GROW INTO INFORMED, INDEPENDENT, AND CREATIVE THINKERS; CULTIVATING AN AUTHENTIC AND RESILIENT SENSE OF SELF, GROUNDED IN RESPECT AND INTEGRITY; CREATING A DIVERSE AND INCLUSIVE COMMUNITY BUILT ON A SPIRIT OF CARING; INSPIRING YOUNG WOMEN TO LEAD AND TO SERVE WITH PASSION, PURPOSE, AND JOY. 0 0 15948496 4669091 16068825 EDUCATIONAL AND GENERAL: INCLUDES INSTRUCTION, STUDENT SUPPORT SERVICES AND PLANT MAINTENANCE TO SERVE 559 STUDENTS AT THE SCHOOL. 5180924 2756619 AUXILIARY ENTERPRISES: INCLUDES STUDENT ACTIVITIES, SUMMER ACTIVITIES AND STABLES. ACTIVITIES ARE AVAILABLE TO ALL STUDENTS. SOME ACTIVITIES ARE AVAILABLE TO THE GENERAL PUBLIC. 21129420 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 122 0 1 295 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 30 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X STACY MOHN 4103631500 300 GARRISON FOREST SCHOOL OWINGS MILLS MD 21117 CATHERINE Y JACKSON PRESIDENT 2.00 X X 0 0 0 HELEN ZINREICH SHAFER VICE PRESIDENT 2.00 X X 0 0 0 AMABEL BOYCE JAMES TREASURER 2.00 X X 0 0 0 ROBERT S BRENNEN SECRETARY 2.00 X X 0 0 0 PATRRICIA G AUTREY BOARD MEMBER 2.00 X 0 0 0 EMILY GARDNER BARATTA BOARD MEMBER 2.00 X 0 0 0 W BRADLEY BENNETT BOARD MEMBER 2.00 X 0 0 0 CASSANDRA NAYLOR BROOKS BOARD MEMBER 2.00 X 0 0 0 KIMBERLY HUBBARD CASHMAN BOARD MEMBER 2.00 X 0 0 0 AUGUST J CHIASERA BOARD MEMBER 2.00 X 0 0 0 DIANA WARFIELD DALY BOARD MEMBER 2.00 X 0 0 0 DAVID M DIPIETRO BOARD MEMBER 2.00 X 0 0 0 GRETTA GORDY GARDNER BOARD MEMBER 2.00 X 0 0 0 STACY GARRETT-RAY BOARD MEMBER 2.00 X 0 0 0 KIMBERLEY W GORDON BOARD MEMBER 2.00 X 0 0 0 MOLLY MUNDY HATHAWAY BOARD MEMBER 2.00 X 0 0 0 TIMOTHY W HATHAWAY BOARD MEMBER 2.00 X 0 0 0 ELISABETH OWEN HAYES BOARD MEMBER 2.00 X 0 0 0 SARA LEBRUN INGRAM BOARD MEMBER 2.00 X 0 0 0 ELIZABETH R KOKINIS BOARD MEMBER 2.00 X 0 0 0 PETER KORZENEWSKI BOARD MEMBER 2.00 X 0 0 0 CRYSTAL A LEE BOARD MEMBER 2.00 X 0 0 0 KRISTOPHER A MALLAHAN BOARD MEMBER 2.00 X 0 0 0 PETER D MALLER BOARD MEMBER 2.00 X 0 0 0 ROBYNE O MCCULLOUGH BOARD MEMBER 2.00 X 0 0 0 FRANCES RUSSELL ROCKWELL BOARD MEMBER 2.00 X 0 0 0 ELIZABETH B SEARLE BOARD MEMBER 2.00 X 0 0 0 ELIZABETH B WARFIELD BOARD MEMBER 2.00 X 0 0 0 WILLIAM L YERMAN BOARD MEMBER 2.00 X 0 0 0 JIANGUANG ZHAO BOARD MEMBER 2.00 X 0 0 0 CHRIS HUGHES HEAD OF SCHOOL 50.00 X 108834 0 68635 DEANNA GAMBER ASSOCIATE HEAD OF SCHOOL 50.00 X 186889 0 41471 STACY MOHN DIRECTOR OF FINANCE & OPERATIONS 50.00 X 141498 0 45902 TRACI DAVIS DIRECTOR OF ATHLETICS 50.00 X 112437 0 18491 KIMBERLEY ROBERTS FORMER HEAD OF SCHOOL 0.00 X 135086 0 0 LILA BOYCE LOHR FORMER INTERIM HEAD OF SCHOOL 0.00 X 164679 0 24096 849423 0 198595 6 1 1 0 GLEN ARM BUILDING CO LLC 658 KENILWORTH DRIVE SUITE 101 TOWSON MD 21204 CONSTRUCTION 1070321 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 DINING SERVICES 875517 HORD COPLAN MACHT INC 700 EAST PRATT STREET SUITE 1200 BALTIMORE MD 21202 ARCHITECTUAL 172491 FLO-TRON CONTRACTING INC 10604 BEAVER DAM ROAD HUNT VALLEY MD 21030 CONSTRUCTION 145977 BRIGHTVIEW LANDSCAPES LLC PO BOX 31001-2463 PASADENA CA 91110 LANDSCAPING 122582 5 9479124 98370 9479124 STUDENT TUITION FEES 900099 16857444 16857444 HORSE & STABLE INCOME 713990 1005579 701506 304073 EXT. & DAY CARE PROG. 900099 149238 149238 SCHOLARSHIPS 900099 125605 125605 CAFETERIA AND SNACK BA 722210 124068 124068 991651 991651 19253585 1184373 132 1184241 333216 20593 312623 312623 312623 2597620 1650656 946964 946964 946964 152867 174601 -21734 -21734 31154935 18825444 304205 2546162 4608491 4608491 60600 60600 625145 446562 145809 32774 10212539 7186355 2477469 548715 469039 389960 61208 17871 1085480 902470 141652 41358 770238 640377 100514 29347 36745 36745 55063 55063 2158 2158 777032 763567 9647 3818 251480 251480 2417926 2305097 108953 3876 488591 418182 55272 15137 501483 488135 7845 5503 99194 77576 21618 366693 298074 65135 3484 1802591 1755724 28841 18026 275677 226833 37806 11038 ACTIVITIES/EVENTS 669876 638993 30883 409042 343553 65489 25985083 21129420 4006726 848937 2500 2500 2857065 2778761 2195730 779230 715967 475362 106 50319047 25020772 24624539 25298275 22426107 25227623 27304716 29106579 6128690 16457901 86255420 100126231 1088021 3119341 4189523 4180710 6531063 6532685 146231 99740 409193 6944781 12364031 20877257 X 18916995 29356978 22918042 0 32056352 49891996 73891389 79248974 86255420 100126231 5169852 187733 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39279690 252146 1815743 2367475 38980104 38344480 1465273 2611603 3141666 39279690 35364434 -73994 5014520 1960480 38344480 37378741 1156208 -1327102 1843413 35364434 39002678 325474 -225686 1723725 37378741 1.00000 0 0 614655 614655 48018383 23850968 24167415 1686009 1169804 516205 25298275 HC CAPITAL TRUST INSTITUTIONAL INTERNATIONAL EQUITY PORTFOLIO (HCINX) 7264655 F HC CAPITAL TRUST INSTITUTIONAL VALUE EQUITY PORTFOLIO 6961170 F HC CAPITAL TRUST INSTL GRWTH EQUITY PORTFOLIO (HCIGX) 6945587 F HEDGE FUNDS 7450901 F LIMITED PARTNERSHIPS 484266 F 29106579 OTHER ASSETS 733563 CONSTRUCTION IN PROGRESS 3882748 BOND CLOSING COSTS 142707 REMAINDER TRUST 5163295 CONTRACT ASSET 6535588 16457901 LINE OF CREDIT 409193 DEFERRED CONTRACT ASSET 6535588 6944781 X 26927213 187733 174601 362334 26564879 2158 4587898 4590056 31154935 21569628 195194 195194 21374434 2158 4608491 4610649 25985083 PART V, LINE 4: THE SCHOOL'S FINANCE COMMITTEE WILL ESTABLISH THE SPECIFIC DOLLAR AMOUNT THAT THE FUND WILL BE EXPECTED TO GENERATE TO CONTRIBUTE TO THE SCHOOL'S OPERATING FUND FOR THE NEXT FISCAL YEAR. THE DRAW FROM THE ENDOWMENT, OR SPENDING RATE, IS 4.0% PLUS AN ADDITIONAL 1% FOR PLANT FUND EXPENDITURES. IN THE CURRENT YEAR AND FUTURE YEARS, AN ADDITIONAL 2% WILL BE DRAWN FROM THE ENDOWMENT. PART X, LINE 2: THE SCHOOL HAS ADOPTED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS POLICY, THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND HAS CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD AMOUNTS NETTED WITH REVENUE 174,601. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AMOUNTS NETTED ON FINANCIAL STATEMENTS 4,608,491. RENTAL EXPENSES NETTED WITH EXPENSES ON THE FINANCIAL STATEMENTS -20,593. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD AMOUNTS NETTED WITH REVENUE 174,601. RENTAL EXPENSES NETTED WITH EXPENSES ON THE FINANCIAL STATEMENTS 20,593. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AMOUNTS NETTED ON FINANCIAL STATEMENTS 4,608,491. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE BALTIMORE INDEPENDENT SCHOOL CONSORTIUM PUBLISHES ANNUALLY IN THE LOCAL NEWSPAPERS AN ANNOUNCEMENT LISTING THE NAMES OF ALL MEMBER SCHOOLS, WHICH PUTS FORWARD OUR UNIFIED NON- DISCRIMINATORY POLICY. GARRISON IS LISTED IN THIS ANNOUNCEMENT. 1 EUROPE 0 0 GRANTS TO RECIPIENTS 60600 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 7410965 EUROPE 0 0 INVESTMENTS 39936 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE TRAVEL 4353 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE TRAVEL 35848 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE TRAVEL 10342 NORTH AMERICA 0 0 PROGRAM SERVICE TRAVEL 6216 0 0 0 0 0 0 7568260 0 7568260 FINANCIAL AID EUROPE 1 60600 AMOUNT APPLIED TOWARDS TUITION 0 1 0 0 0 0 0 PART I, LINE 2: THE GRANT FUNDS ARE FINANCIAL AID THAT WAS APPLIED DIRECTLY TO THE STUDENTS TUITION ACCOUNT. 1 FINANCIAL AID 256 4403156 0 MERIT-BASED AID 8 205335 0 PART I, LINE 2: GFS HAS BOTH PAPER AND ELECTRONIC FILES. GFS USES FACTS, A SUPPLEMENTAL FORM, PAY STUBS, TAX RETURNS AND W-2'S TO HELP EVALUATE THE FINANCIAL NEED OF FAMILIES. THE PREVIOUS YEAR'S TAX RETURN IS USED IN THE INITIAL DECISION BUT THE AMOUNT AWARDED IS CONTINGENT UPON RECEIPT AND REVIEW OF THE CURRENT YEAR'S TAX RETURN. IF THERE IS A SIGNIFICANT DISCREPENCY BETWEEN THE INFORMATION A FAMILY PROVIDED AND THE CURRENT TAX RETURN, AN AWARD WOULD BE ADJUSTED ACCORDINGLY.FAMILIES ARE NOTIFIED IN AN AWARD LETTER THE AMOUNT THAT WILL BE APPLIED TOWARDS THEIR TUITION. A REPORT IS SENT TO THE BUSINESS OFFICE WITH THESE AWARDS AND ARE APPLIED TO THE STUDENT'S ACCOUNT. UPDATES / NEW ADDITIONS ARE SENT TO THE BUSINESS OFFICE AS NEEDED. X 1 1 X X X 1 0 0 0 0 0 0 0 0 CHRIS HUGHES HEAD OF SCHOOL 108661 0 0 0 173 0 24825 0 43810 0 177469 0 0 0 DEANNA GAMBER ASSOCIATE HEAD OF SCHOOL 186544 0 0 0 345 0 28964 0 12507 0 228360 0 0 0 STACY MOHN DIRECTOR OF FINANCE & OPERATIONS 141273 0 0 0 225 0 20489 0 25413 0 187400 0 0 0 KIMBERLEY ROBERTS FORMER HEAD OF SCHOOL 0 0 0 0 135086 0 0 0 0 0 135086 0 0 0 LILA BOYCE LOHR FORMER INTERIM HEAD OF SCHOOL 163134 0 0 0 1545 0 0 0 24096 0 188775 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS PROVIDED WITH ON CAMPUS HOUSING. THE AMOUNT IS NOT INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 4A KIMBERLEY ROBERTS RECEIVED A SEVERANCE PAYMENT DURING THE CALENDAR YEAR. THE PAYMENT IS INCLUDED IN PART VII, COLUMN D AND SCHEDULE J, PART II, COLUMN BIII. THE TERMS AND CONDITIONS OF THE CONFIDENTIAL SEVERANCE AGREEMENT ARE AVAILABLE TO THE INTERNAL REVENUE SERVICE UPON REQUEST. A MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 574221LM7 2017-07-18 6562291 CONSTRUCTION 0 1 0 A 6562291 125293 6430513 6485 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 12 OTHER UNSPENT PROCEEDS INCLUDE A DEPOSIT TO INTEREST ACCOUNT FOR SERIES 2017 BONDS. 46695 FINANCIAL AID 27905 SCHOLARSHIP X 9 98370 MKT PRICE - DATE OF TRAN 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MOLLY HATHAWAY AND TIM HATHAWAY HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FINAL DRAFT OF THE 990 WILL BE DISTRIBUTED AND REVIEWED IN THE FINANCE COMMITTEE, THEN MADE AVAILABLE TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C ANY TRUSTEE, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH THE BOARD OF TRUSTEES, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, IS AN INTERESTED PERSON. AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE MEMBERS OF THE BOARD COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF A BOARD COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE A FINANCIAL INTEREST OR AN ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, THE BOARD COMMITTEE SHALL INFORM THE MEMBER OF THE BASIS TO SUCH BELIEF AND AFFORDTHE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE A FINANCIAL INTEREST OR AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL REPORT THE MATTER TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE PROCEEDINGS ARE DOCUMENTED IN THE MINUTES OF BOARD COMMITTEES. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING THE COMPENSATION LEVEL FOR AN INCOMING HEAD OF SCHOOL OR A NEW MULTI-YEAR CONTRACT, LOCAL AND NATIONAL COMPARABLE STATISTICS ARE GATHERED, REVIEWED AND DOCUMENTED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).