2019-05-13T14:17:54-05:00 2018-06-30 222428965 CITRIN COOPERMAN & COMPANY LLP 2 BETHESDA METRO CENTER 11TH FLOOR BETHESDA MD 20814 990 2017-07-01 540505925 THE MADEIRA SCHOOL INC MADE 7035568241 8328 GEORGETOWN PIKE MCLEAN VA 221021203 ALEX HEIBERGER CFO 7035568241 2019-05-13 1 BRIAN J GIGANTI P00646609 3016549000 71.191.40.50 2019-05-13 10:25:45 ED P 49FBCEECF8D43EE41D4A63D54FEC7C6BF58FEDE2 BB899757BE57E2B53604C9A7A595A0E284CEF198 2017 2019-02-21 02:37:17Z ALEX HEIBERGER 8328 GEORGETOWN PIKE MCLEAN VA 221021203 46602524 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. 28 28 321 250 72680 -21504 6300657 7315548 18591243 19870541 2461713 4443592 0 0 27353613 31629681 3396087 3509017 0 0 10756854 10950418 31391 177487 1910383 9876387 9598874 24060719 24235796 3292894 7393885 167070819 173474346 34415811 34213843 132655008 139260503 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 18559989 3509017 19796516 BOARDING AND DAY SCHOOL FOR GIRLS PROVIDING HIGH SCHOOL EDUCATION (326 STUDENTS) 18559989 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 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 72 0 1 321 1 1 1 0 0 0 0 0 0 0 0 0 X 28 28 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 THE MADEIRA SCHOOL MCLEAN VA 221021203 CATHY HARRIS SHRAGA PRESIDENT 3.00 X X 0 0 0 HEATHER JOHNSON VICE PRESIDENT 3.00 X X 0 0 0 GAITHER DEATON SMOOT VICE 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 ANN BAKER BONEY DIRECTOR 3.00 X 0 0 0 PILAR CABEZA DE VACA HEAD OF SCHOOL 40.00 X X 315390 0 87531 BROOKE STROUD CARNOT 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 DIRECTOR 3.00 X 0 0 0 MARY CFREDIANI DIRECTOR 3.00 X 0 0 0 ANNE MURRAY GAMBAL DIRECTOR 3.00 X 0 0 0 RICHARD PHALL DIRECTOR 3.00 X 0 0 0 ELIZABETH MEEHAN HEWITT DIRECTOR 3.00 X 0 0 0 PAGE HOPKINS DIRECTOR 3.00 X 0 0 0 CARRIE SOUTHWORTH JOHNSON DIRECTOR 3.00 X 0 0 0 JOY JOHNSON DIRECTOR 3.00 X 0 0 0 LOUISE STILLMAN LEHRMAN DIRECTOR 3.00 X 0 0 0 PAMELA JMAZZA DIRECTOR 3.00 X 0 0 0 TIM H MEYERS DIRECTOR 3.00 X 0 0 0 NANCY MILLER MONTGOMERY DIRECTOR 3.00 X 0 0 0 ELIZABETH BREUL O'ROURKE 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 STUART DIRECTOR 3.00 X 0 0 0 AUDREY BAXTER YOUNG DIRECTOR 3.00 X 0 0 0 SUSAN HANIFIN ASSISTANT SECRETARY 3.00 X 0 0 0 ALEXANDER C HEIBERGER CHIEF FINANCIAL OFFICER 40.00 X 210142 0 61764 LOUISE PETERSON DIRECTOR OF DEVELOPMENT 40.00 X 137238 0 95385 ANDRE WITHERS ASSISTANT HEAD OF SCHOOL 40.00 X 104746 0 76510 ANN DEEGAN ASSISTANT CFO AND COMPTROLLER 40.00 X 112163 0 23693 MARY ANN MAHONEY DEAN OF FACULTY AND ACADEMICS 40.00 X 149264 0 26283 PATTI COLLINS SENIOR DEVELOPMENT OFFICER 40.00 X 114107 0 32798 1143050 0 403964 7 0 1 0 SODEXHO INC & AFFILIATES 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD SERVICE 1132692 RED COATS INC 4401 EAST WEST HIGHWAY BETHESDA MD 20814 CLEANING SERVICE 568468 ALLIED UNIVERSAL 161 WASHINGTON STREET SUITE 600 CONSHOHOCKEN PA 19428 SECURITY SERVICE 240120 CAMBRIDGE ASSOCIATES LLC 4100 NORTH FAIRFAX DRIVE SUITE 1300 ARLINGTON VA 22203 INVESTMENT SERVICE 175000 PROGRESSIVE NURSING STAFFERS 5531 B HEMPSTEAD WAY SPRINGFIELD VA 22151 HEALTHCARE 116072 5 7315548 1242562 7315548 TUITION & BOARD 900099 17466108 17466108 AUXILIARY ACTIVITIES 900099 2404433 2330408 74025 19870541 1367663 -1345 1369008 18046713 2059 14972843 0 3073870 2059 3075929 3075929 31629681 19796516 72680 4444937 X 3509017 3509017 1255428 1255428 7777487 6223905 643810 909772 648187 491304 76990 79893 659870 565182 9451 85237 609446 442082 103184 64180 73951 137 73766 48 75323 75323 177487 177487 521623 521623 2485607 2029909 168661 287037 887011 536778 166407 183826 72966 72561 405 2908775 2908775 287925 121230 70373 96322 253795 123698 112911 17186 7954 7954 1455691 1455691 299851 40327 259524 OTHER MGT & GENERAL COS 268402 39393 219614 9395 24235796 18559989 3765424 1910383 23347818 28885289 10965043 10289210 1763687 2029596 103139 90743 558048 522110 80197626 19017543 62259478 61180083 27423565 32268071 37777725 33816779 2872316 4392465 167070819 173474346 2175812 3269117 10652710 10261544 15380000 18603416 3563601 0 2643688 2079766 34415811 34213843 X 54661490 59351067 30618471 32042422 47375047 47867014 132655008 139260503 167070819 173474346 7393885 -784781 -3609 0 X X 0 1 X 1 0 X 64461671 657902 2895819 2600556 65414836 60738871 770223 5512331 2559754 64461671 63253288 343432 2857849 60738871 62364276 2982299 245489 2338776 63253288 56003553 1384921 7225728 2249926 62364276 0.10150 0.18530 0.71320 0 0 236766 236766 66170968 13524016 52646952 6983634 3942142 3041492 6806258 1551385 5254873 61180083 GRAHAM GLOBAL INVESTMENT FUND II LTD 3001857 F GF CAPITAL PRIVATE EQUITY FUND II-A, LP 398420 F GENERATION IM GLOBAL EQUITY FUND, LLC 6644981 F GLENHILL LONG FUND LTD 368110 F LOOMIS SAYLES HIGH GRADE CORP BOND TR 2538480 F SOMERSET SMALL MID CAP EM ALL COUNTRY FUND LLC 2982324 F BLUE TREND FUND LIMITED 2689155 F EJF SPECIALTY FINANCE OPPORTUNITIES OFFSHORE FUND, LP 191219 F GOLUB CAPITAL INVESTMENT CORPORATION 573699 F GOVERNORS LANE OFFSHORE FUND LTD 2184180 F HARVEST MLP INCOME FUND III LLC 3009962 F LANDMARK REAL ESTATE PARTNERS VIII, LP 115288 F KLINE HILL PARTNERS OFFSHORE FUND II LP 126299 F COMMONFUND GLOBAL DISTRESSED PARTNERS III LP 206893 F STONE MILLNER MACRO FUND INC 2875054 F THE WEATHERLOW OFFSHORE FUND I LTD 5910858 F 33816779 INTEREST RATE SWAP AGREEMENT 2079766 2079766 X 26845911 -784781 -3473749 -4258530 31104441 525240 525240 31629681 20240415 0 20240415 525240 3470141 3995381 24235796 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. 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 2018 AND 2017. 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, 2018, 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 563,922. CHANGE IN SPLIT INTEREST AGREEMENT 108,303. CHANGE IN PLEDGES -675,833. FINANCIAL AID INCLUDED IN REVENUES FOR FINANCIAL STATEMENT PURPOSE -3,470,141. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXCLUDED FROM EXPENSE FOR FINANCIAL STATEMENT PURPOSES 3,470,141. 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 0 0 INVESTMENTS 16852000 0 0 0 0 0 0 16852000 0 16852000 0 0 0 0 0 0 PART I, LINE 3, COLUMN (F) THE MADEIRA SCHOOL INVESTS IN SOME FUNDS WHICH WERE INCORPORATED OUTSIDE THE U.S. THE TOTAL INVESTMENTS HELD OUTSIDE THE U.S. HAS AN AGGREGATED VALUE OF $16,852,000 AT TAX YEAR-END. X X X X 1 GRAHAM-PELTON CONSULTING 1101 PENNSYLVANIA AVE NW 7TH FLOO WASHINGTON DC 20004 COUNSEL AND ADVICE 0 0 177487 0 177487 VA 0 FINANCIAL AID AWARDED TO 118 STUDENTS 118 3470141 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 290010 0 0 0 25380 0 22079 0 65452 0 402921 0 0 0 ALEXANDER C HEIBERGER CHIEF FINANCIAL OFFICER 210142 0 0 0 0 0 20035 0 41729 0 271906 0 0 0 LOUISE PETERSON DIRECTOR OF DEVELOPMENT 119238 0 0 0 18000 0 10921 0 84464 0 232623 0 0 0 ANDRE WITHERS ASSISTANT HEAD OF SCHOOL 104746 0 0 0 0 0 10071 0 66439 0 181256 0 0 0 MARY ANN MAHONEY DEAN OF FACULTY AND ACADEMICS 131264 0 0 0 18000 0 10781 0 15502 0 175547 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 15380000 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 X 85 1223919 FAIR MARKET VALUE X BOARD AND EVENT EXPENSES 6 13643 FAIR MARKET VALUE X HORSE 1 5000 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): PART I, LINES 9 AND 25 (B) THE SCHOOL REPORTS THE CONTRIBUTION OF SECURITIES (PUBLICLY TRADED), BOARD AND EVENT EXPENSE AND HORSES AS SEPARATE GIFTS BASED ON THE NUMBER OF INSTANCES RECEIVED RATHER THAN A GIFT FOR EACH SHARE OR ITEM RECEIVED. PART I, LINES 9 AND 25, COLUMN (D): THE SCHOOL DETERMINED THE METHOD OF REVENUES AS THE FAIR MARKET VALUE OF THE PUBLICLY TRADED SECURITIES ON THE DAY OF THE GIFT. BOARD AND EVENT EXPENSES IS TREATED AT FAIR MARKET VALUE AS THESE WERE THE AMOUNT THAT THE CONTRIBUTORS PAID AT THE MARKET. WITH RESPECT TO GIFTS OF HORSES, FAIR MARKET VALUE IS DETERMINED BASED ON THE ANIMAL'S VALUE TO THE SCHOOL'S RIDING PROGRAM, WHICH MAY BE DIFFERENT FROM THEIR VALUE AS A SHOW HORSE. 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 SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS 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 2,029,909. MANAGEMENT AND GENERAL EXPENSES 168,661. FUNDRAISING EXPENSES 287,037. TOTAL EXPENSES 2,485,607. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE PROCESS BY WHICH THE AUDIT COMMITTEE CONDUCTS AND APPROVES THE AUDIT.