2019-05-22T15:16:55-05:00 2018-06-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2017-07-01 520635092 LANDON SCHOOL CORPORATION LAND 3013203200 6101 WILSON LANE BETHESDA MD 20817 JEREMY KUGEL CHIEF FINANCIAL OFFICER 3013203200 2019-05-22 1 GLENN M SHELTON P00228007 3016529100 2019-05-21 209.59.242.22 2019-05-22 12:04:52 ED P 93396552AFAF91AF77E528A28A0008F30837EABC A999648B7C0F94429496C189B46642AFC33E1A30 2017 2019-02-21 02:37:17Z JAMES NEILL 6101 WILSON LANE BETHESDA MD 20817 36943220 0 X WWW.LANDON.NET X 1936 MD MAINTAINING EDUCATIONAL PROGRAMS FOR STUDENTS AT THE ELEMENTARY AND HIGH SCHOOL LEVELS. 23 23 376 200 0 0 2235890 2359507 28878254 30457797 141331 527671 693314 801890 31948789 34146865 4056256 4297797 0 0 18429055 19269452 0 0 1340202 9491986 10053150 31977297 33620399 -28508 526466 43158797 43780775 22229760 21484635 20929037 22296140 LANDON SCHOOL PREPARES TALENTED BOYS FOR PRODUCTIVE LIVES AS ACCOMPLISHED, RESPONSIBLE AND CARING MEN WHOSE ACTIONS ARE GUIDED BY THE PRINCIPLES OF PERSEVERANCE, TEAMWORK, HONOR AND FAIR PLAY. 0 0 28051682 4297797 30457797 MAINTAINING EDUCATIONAL PROGRAMS FOR STUDENTS AT THE ELEMENTARY AND HIGH SCHOOL LEVELS. 28051682 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 90 0 1 376 1 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X JEREMY KUGEL 3013203200 6101 WILSON LANE BETHESDA MD 20817 SCOTT HARRIS CHAIRMAN 1.50 X X 0 0 0 KATHERYN P WELLINGTON VICE CHAIR 1.50 X X 0 0 0 MARTIN WEINSTEIN SECRETARY 1.50 X X 0 0 0 STEVEN MAYER TREASURER 1.50 X X 0 0 0 ANDERSON ARNOLD TRUSTEE 1.50 X 0 0 0 ALEXANDER BALDWIN TRUSTEE 1.50 X 0 0 0 MICHAEL BANKS TRUSTEE 1.50 X 0 0 0 MICHAEL CONNOLLY TRUSTEE 1.50 X 0 0 0 MATTHEW COURSEN TRUSTEE 1.50 X 0 0 0 DONALD DELL TRUSTEE 1.50 X 0 0 0 WILLIAM EACHO III TRUSTEE 1.50 X 0 0 0 ROBERT EDWARDS JR TRUSTEE 1.50 X 0 0 0 JEFFREY FREED TRUSTEE 1.50 X 0 0 0 KENNETH JENKINS TRUSTEE 1.50 X 0 0 0 ARANTHAN JONES II TRUSTEE 1.50 X 0 0 0 OLIVIER KAMANDA TRUSTEE 1.50 X 0 0 0 DOUGLAS KIKER TRUSTEE 1.50 X 0 0 0 KENWYN KINDFULLER TRUSTEE 1.50 X 0 0 0 STEVE KLINGELHOFER TRUSTEE 1.50 X 0 0 0 DOUGLAS LAGARDE TRUSTEE 1.50 X 0 0 0 JOHN OSWALD TRUSTEE 1.50 X 0 0 0 N DAVID POVICH TRUSTEE 1.50 X 0 0 0 HARMAR THOMPSON TRUSTEE 1.50 X 0 0 0 JIM NEILL PRESIDENT/HEADMASTER 60.00 X 482176 0 70756 JEREMY KUGEL CFO/COO 60.00 X 211259 0 17087 LEONARD ARMSTRONG HEAD OF ADMISSIONS 60.00 X 152492 0 40591 DANA KREIN HEAD OF MIDDLE SCHOOL 60.00 X 153190 0 11082 EHREN FEDEROWICZ HEAD OF UPPER SCHOOL 60.00 X 124388 0 52602 RANDALL BEDNAR HEAD OF LOWER SCHOOL 60.00 X 131375 0 51071 ANDREW RHEIN DIRECTOR OF COUNSELING & WELLNESS 60.00 X 150691 0 10851 LAWRENCE FULLERTON DIRECTOR OF ACADEMIC TECHNOLOGY 60.00 X 139945 0 12662 NEIL MAGSINO INFORMATION TECHNOLOGY MANAGER 60.00 X 134033 0 9836 ALAN ROSENTHAL UPPER SCHOOL WORLD LANGUAGES 60.00 X 133031 0 13753 RUSSELL GAGARIN DIRECTOR OF FINANCIAL AID 60.00 X 117206 0 12910 1929786 0 303201 17 1 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 303536922 FOOD SERVICE 542886 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 473773 CJ MAINTENANCE INC 9254 BENDIX ROAD COLUMBIA MD 21045 FACILITY SERVICES 263395 JW CULLOP INC 7404 WOODVILLE ROAD MT AIRY MD 21771 HVAC SYSTEMS MAINTENANCE 237987 C & M INTERIORS LLC PO BOX 34729 BETHESDA MD 20827 BUILDING MAINTENANCE 221089 14 2359507 184509 2359507 TUITION & FEES 900099 27161216 27161216 AUXILIARY SERVICES 900099 3296581 3296581 30457797 5206 5206 284980 0 284980 284980 284980 2888203 2365738 522465 522465 522465 393385 202783 190602 190602 434734 227834 206900 206900 OTHER INCOME 900099 119408 119408 119408 34146865 30664697 0 1122661 4297797 4297797 1435444 1220584 152926 61934 13724546 11644665 1463913 615968 692400 598894 73066 20440 2545056 2201358 268568 75130 872006 745875 85599 40532 117031 117031 55465 55465 111573 111573 363291 130594 230197 2500 69463 10822 55771 2870 556547 339907 161666 54974 204434 119379 84419 636 2313311 2290879 21682 750 470012 435753 9261 24998 478198 144262 15649 318287 367015 495 365518 1002 1799445 1488680 230689 80076 208204 208204 GENERAL PROGRAM EXPENSE 1132406 951384 180802 220 FOOD SERVICES 930175 889779 14589 25807 SUMMER CAMP 407549 407549 DUES & SUBSCRIPTIONS 167316 79306 77508 10502 301715 53720 244419 3576 33620399 28051682 4228515 1340202 500 500 6816907 6181281 245469 195346 160854 151010 142521 135254 42455 50066 385381 707649 64981837 45144594 19847418 19837243 15007662 16316631 509630 205795 43158797 43780775 1716248 1795787 12422080 11637280 6523368 5938989 1022693 818222 110000 1066808 435371 227549 22229760 21484635 X 110267 1447446 6075752 5575708 14743018 15272986 20929037 22296140 43158797 43780775 X 526466 655318 185319 X 0 1 X 1 0 X 16627889 529968 1066631 592744 17631744 15211629 152235 1771625 507600 16627889 19046110 170074 -7413 3997142 15211629 20303833 790498 -171347 1876874 19046110 16378060 2316437 1649902 40566 20303833 0.86450 0.13550 0 0 1309749 1309749 49985258 32402600 17582658 1814657 1742363 72294 11872173 10999631 872542 19837243 CAPITAL LEASE OBLIGATIONS 121494 INTEREST RATE SWAP AGREEMENT 106055 227549 X 31148749 655318 -3972478 -3317160 34465909 111573 -430617 -319044 34146865 29781646 430617 430617 29351029 111573 4157797 4269370 33620399 PART V, LINE 4: THE DRAW FOR ENDOWMENT IS USED FOR SCHOLARSHIPS, ETHICS FORUMS AND PROGRAMS (COMMUNITY SERVICE, ACADEMICS, ATHLETICS). PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOL'S TAX-EXEMPT PURPOSE IS SUBJECTED TO TAXATION AS UNRELATED BUSINESS INCOME. THE SCHOOL REPRESENTS THAT THERE IS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2018 AND 2017, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FOR THE YEARS ENDED JUNE 30, 2018 AND 2017, THE MANAGEMENT OF THE SCHOOL DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED, TAX YEARS SINCE 2014 REMAIN OPEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 172,208. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 13,111. SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -4,157,797. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS -227,834. FUNDRAISING EXPENDITURES GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS -202,783. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS 227,834. FUNDRAISING EXPENDITURES GROUPED WITH EXPENSES ON FINANCIAL STATEMENTS 202,783. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 4,157,797. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 AN ANNOUNCEMENT IS PLACED IN THE WASHINGTON POST NEWSPAPER PUBLICIZING THE SCHOOL'S NONDISCRIMINATION POLICY. EUROPE 0 0 PROGRAM SERVICES OVERSEAS TRIPS 137964 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES OVERSEAS TRIPS 28232 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES OVERSEAS TRIPS 63734 0 0 0 0 0 0 229930 0 229930 0 0 0 0 0 0 AZALEA FESTIVAL 318027 318027 170583 GREENS SALE 75358 75358 32200 393385 393385 202783 202783 190602 1 TUITION FINANCIAL AID 163 4157797 SCHOLARSHIPS 16 140000 PART I, LINE 2: THE SCHOOL PROVIDES FINANCIAL ASSISTANCE BASED ON BOTH FINANCIAL NEED AND ACADEMIC MERIT. THE SCHOOL HAS AN INDEPENDENT PROCEDURE TO DETERMINE QUALIFICATION FOR FINANCIAL ASSISTANCE. THE SCHOOL HAS STRICT RULES TO PREVENT RELATED PARTIES SUCH AS DISQUALIFIED PERSONS FROM BENEFITING FROM FINANCIAL ASSISTANCE. X X X 1 1 X X 0 0 0 0 0 0 0 1 0 JIM NEILL PRESIDENT/HEADMASTER 390664 0 0 0 91512 0 18900 0 51856 0 552932 0 0 0 JEREMY KUGEL CFO/COO 190763 0 0 0 20496 0 13657 0 3430 0 228346 0 0 0 LEONARD ARMSTRONG HEAD OF ADMISSIONS 152094 0 0 0 398 0 0 0 40591 0 193083 0 0 0 DANA KREIN HEAD OF MIDDLE SCHOOL 132840 0 0 0 20350 0 9342 0 1740 0 164272 0 0 0 EHREN FEDEROWICZ HEAD OF UPPER SCHOOL 124067 0 0 0 321 0 9294 0 43308 0 176990 0 0 0 RANDALL BEDNAR HEAD OF LOWER SCHOOL 131038 0 0 0 337 0 9172 0 41899 0 182446 0 0 0 ANDREW RHEIN DIRECTOR OF COUNSELING & WELLNESS 110543 0 15300 0 24848 0 7481 0 3370 0 161542 0 0 0 LAWRENCE FULLERTON DIRECTOR OF ACADEMIC TECHNOLOGY 124724 0 0 0 15221 0 8487 0 4175 0 152607 0 0 0 PART I, LINE 1A TAX GROSS-UP PAYMENTS WERE MADE FOR VARIOUS TAXABLE BENEFITS PROVIDED TO THE HEAD OF SCHOOL, JAMES NEILL. JAMES NEILL RECEIVED NON-TAXABLE PERSONAL SERVICES IN THE AMOUNT OF $8,050. A NON-TAXABLE HOUSING BENEFIT WAS PROVIDED TO INDIVIDUALS AS A CONDITION OF EMPLOYMENT. THE FOLLOWING INDIVIDUALS RECEIVED THE HOUSING BENEFIT: JAMES NEILL - $40,000 LEONARD ARMSTRONG - $40,000 EHREN FEDEROWICZ - $40,000 RANDALL BEDNAR - $40,000 THE FOLLOWING INDIVIDUALS RECEIVED A TAXABLE HOUSING BENEFIT: JEREMY KUGEL - $20,000 DANA KREIN - $20,000 PART I, LINE 7 ANDREW RHEIN RECEIVED A $15,300 BONUS IN 2017. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2011-06-02 10114264 TO REFUND THE 1999 BONDS & REFINANCE THE ENTIRE OUTSTANDING BALANCE 0 0 0 A 4164697 10114264 107717 10006547 2011 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 SUNTRUST 8.000000000000 0 0 0 0 1 A 1 DAVID ARMSTRONG FORMER HEADMASTER DEFERRED COMP OWED CONVERTED TO A LOAN X 1035518 818222 0 1 1 818222 X 36 184509 AVERAGE 0 1 0 PART I, COLUMN (B): THE AMOUNTS SHOWN IN PART I, COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE OUTSIDE ACCOUNTING FIRM ENGAGED BY THE SCHOOL. THE RETURN IS REVIEWED BY THE PRESIDENT/HEADMASTER, CFO, CONTROLLER, AND AUDIT AND RISK MANAGEMENT COMMITTEE BEFORE BEING MADE AVAILABLE TO THE TRUSTEES VIA A SECURE WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS POSTED TO THE BOARD'S CONFIDENTIAL WEBSITE PORTAL. TRUSTEES ARE ASKED TO READ THE POLICY AT THE BEGINNING OF EACH YEAR AND ADVISE THE SECRETARY OF ANY ISSUES THAT MIGHT BE OF CONCERN. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES OF THE OFFICERS ARE DECIDED BY THE USE OF COMPARABLE SALARY DATA AS PROVIDED BY AISGW AND THE ASSOCIATION OF MARYLAND INDEPENDENT SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS 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: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 172,208. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 13,111. LATE FILED RETURN DUE TO CCH SOFTWARE OUTAGE