2017-05-15T09:32:55-05:00 2016-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2015-07-01 526001577 MCDONOGH SCHOOL INCORPORATED MCDO 4103630600 PO BOX 380 OWINGS MILLS MD 211170380 SHERRI VOELKEL CHIEF FINANCIAL OFFICER 4103630600 2017-05-11 1 LORI S BURGHAUSER P00370694 4104031500 2017-05-11 2015 2021-01-29 14:40:06Z SHERRI VOELKEL PO BOX 380 OWINGS MILLS MD 211170380 78090844 0 X WWW.MCDONOGH.ORG X 1873 MD PROVIDE EXCEPTIONAL EDUCATION INSPIRING A PASSION FOR LEARNING, GROWTH & A COMMITTMENT TO EXCELLENCE. 29 29 878 250 27938 26938 6582898 9088314 39244273 42006724 6129041 7385959 259820 216167 52216032 58697164 7922017 8270567 0 0 26138436 27204532 49889 0 1600329 15670107 16253483 49780449 51728582 2435583 6968582 214718770 206060152 57435854 51636081 157282916 154424071 X SITUATED ON A BEAUTIFUL 800 ACRE CAMPUS IN OWINGS MILLS MD, MCDONOGH SCHOOL IS A COEDUCATIONAL, COLLEGE PREPARATORY, INDEPENDENT PREKINDERGAREN THROUGH 12 SCHOOL WITH AN OPTIONAL FIVE-DAY BOARDING PROGRAM FOR STUDENTS IN GRADES 9-12. MCDONOGH SCHOOL IS A COMMUNITY THAT FINDS JOY IN WORK, IN PLAY, IN DISCOVERY, AND IN THE REALIZATION OF PERSONAL POTENTIAL. STRONG, MUTUALLY RESPECTFUL RELATIONSHIPS INSPIRE A PASSION FOR TEACHING AND LEARNING, A DEDICATION TO PERSONAL INTEGRITY, AND A COMMITMENT TO EXCELLENCE. EMBRACING DIVERSITY OF BACKGROUND, CULTURE, AND THOUGHT, THE SCHOOL BUILDS UPON ITS FOUNDER'S ORIGINAL MISSION TO PROVIDE LIFE-ALTERING OPPORTUNITIES AND TO DEVELOP IN STUDENTS THE WILL "TO DO THE GREATEST POSSIBLE AMOUNT OF GOOD." 0 0 44504139 8270567 42006724 MCDONOGH SCHOOL IS A HIGHLY REGARDED COEDUCATIONAL, INDEPENDENT SCHOOL WITH APPROXIMATELY 1,350 STUDENTS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE. AN OPTIONAL FIVE-DAY BOARDING PROGRAM IS AVAILABLE FOR STUDENTS IN GRADES 9-12. MCDONOGH'S ACADEMIC PROGRAM IS DESIGNED TO FOSTER A LOVE OF LEARNING. THE LOWER SCHOOL PROVIDES A SOLID FOUNDATION WITH AN EMPHASIS ON READING, WRITING, AND MATHEMATICS. TEACHERS WELCOME CHILDREN AS INDIVIDUALS, TAILORING THE ACADEMIC CURRICULUM TO DEVELOP THEIR FULL POTENTIAL-INTELLECTUALLY, PHYSICALLY, SOCIALLY, AND EMOTIONALLY. THE MIDDLE SCHOOL BUILDS ON THAT FOUNDATION WITH APPRECIATION FOR THE INTELLECTUAL, PHYSICAL, SOCIAL, AND EMOTIONAL NEEDS OF YOUNG ADOLESCENTS. STUDENTS LEARN THE ELEMENTS OF RESPONSIBLE SCHOLARSHIP IN READING, ENGLISH, WORLD LANGUAGES, MATHEMATICS, SCIENCE, SOCIAL STUDIES, AND TECHNOLOGY. THE UPPER SCHOOL COMBINES RIGOROUS ACADEMICS WITH A WIDE VARIETY OF EXTRACURRICULAR ACTIVITIES IN AN ENVIRONMENT THAT FOSTERS VERSATILITY, STUDENTS SELECT HONORS AND ADVANCED PLACEMENT COURSES, DEVELOP THEIR ATHLETIC AND ARTISTIC ABILITIES, LEARN LEADERSHIP AND TEAMWORK SKILLS, AND GRADUATE WELL PREPARED FOR COLLEGE. 44504139 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 157 0 878 1 1 1 0 0 0 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 SHERRI VOELKEL 4103630600 8600 MCDONOGH ROAD OWINGS MILLS MD 21117 ARTHUR H ADLER PRESIDENT 1.00 0.00 X X 0 0 0 HOWARD S KLEIN VICE PRESIDENT 1.00 0.00 X X 0 0 0 WAYNE L ROGERS TREASURER 1.00 0.00 X X 0 0 0 ROBERT L YOUNG III SECRETARY 1.00 0.00 X X 0 0 0 EDWARD S AHN MD MEMBER 1.00 0.00 X 0 0 0 SHARON L AKERS MEMBER 1.00 0.00 X 0 0 0 ROBERT A BAVAR MEMBER 1.00 0.00 X 0 0 0 ROBERT W BLACK III MEMBER 1.00 0.00 X 0 0 0 STEVEN K BREEDEN MEMBER 1.00 0.00 X 0 0 0 CURTIS H CORNWELL MEMBER 1.00 0.00 X 0 0 0 MICHAEL W CUMMINGS MEMBER 1.00 0.00 X 0 0 0 IRVIN DEANDREI DRUMMOND MEMBER 1.00 0.00 X 0 0 0 JUDITH FADER MEMBER 1.00 0.00 X 0 0 0 MICHAEL I GREENEBAUM MEMBER 1.00 0.00 X 0 0 0 HARRY KASSAP MEMBER 1.00 0.00 X 0 0 0 STANLEY J KRASKA JR MEMBER 1.00 0.00 X 0 0 0 RICHARD E LEVINE MEMBER 1.00 0.00 X 0 0 0 KEVIN W LILES MEMBER 1.00 0.00 X 0 0 0 JOHN A LUETKEMEYER JR MEMBER 1.00 0.00 X 0 0 0 JOHN O MITCHELL IV MEMBER 1.00 0.00 X 0 0 0 COURTNEY S MULLER MEMBER 1.00 0.00 X 0 0 0 CALLIE J RAHMAN MEMBER 1.00 0.00 X 0 0 0 HENRY A ROSENBERG JR MEMBER 1.00 0.00 X 0 0 0 DAVID D ROTHSCHILD MEMBER 1.00 0.00 X 0 0 0 RICHARD B SILBERSTEIN MEMBER 1.00 0.00 X 0 0 0 J MATTHEW STOVER MEMBER 1.00 0.00 X 0 0 0 DEBORAH C TALBERT MEMBER 1.00 0.00 X 0 0 0 CLIVE WILLIAMS MEMBER 1.00 0.00 X 0 0 0 SAMUEL H WRIGHT MEMBER 1.00 0.00 X 0 0 0 CHARLES W BRITTON HEADMASTER 60.00 0.00 X 400003 0 75850 JOHN WEBER VP OF FINANCE AND ADMIN (PART YEAR) 40.00 0.00 X 206479 0 108740 SHERRI VOELKEL CHIEF FINANCIAL OFFICER (PART YEAR) 40.00 0.00 X 0 0 0 TIMOTHY FISH ASSOCIATE HEADMASTER 60.00 0.00 X 188067 0 100941 JOHN BRAD SHELLEY DIRECTOR OF INSTITUTIONAL ADVANCEMENT 60.00 0.00 X 150165 0 95485 WILLIAM RUSH HEAD OF SUMMER CAMP 40.00 0.00 X 138822 0 26633 CECILIA MILLAR UPPER SCHOOL TEACHER 40.00 0.00 X 129845 0 18056 DARREN FORD HEAD OF MIDDLE SCHOOL 40.00 0.00 X 122223 0 36881 EUNICE DEEGAN CO-DIRECTOR OF ATHLETICS 40.00 0.00 X 117441 0 17219 DOMINIC DAMICO WELLNESS PROGRAM 40.00 0.00 X 114292 0 15976 1567337 0 495781 16 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLE MD 21093 FOOD SERVICES 1858065 MULLAN CONTRACTING CO 2330 WEST JOPPA ROAD SUITE 210 LUTHERVILLE MD 21093 GENERAL CONTRACTING 1015013 WF MILLER CO 106 LONGDALE ROAD TIMONIUM MD 21093 GENERAL CONTRACTING 511267 DAVID S BROWN ENTERPRISES PO BOX 548 OWINGS MILLS MD 21117 PROPERTY MANAGEMENT 446125 BOWIE GRIDLEY ARCHITECTS LLC 1010 WISCONSIN AVENUE NW SUITE 400 WASHINGTON DC 200073679 ARCHITECT 228044 19 38137 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10689729 4832999 4201146 610636 607923 183950 153979 1097119 895255 112864908 32660775 79620545 80204133 76389588 73950901 26462502 24552774 11450463 10672400 214718770 206060152 1491810 1935671 11247265 11511968 43125720 36437733 1571059 1750709 57435854 51636081 X 89560471 81431919 13745965 37060241 53976480 35931911 157282916 154424071 214718770 206060152 X 6968582 -8934168 -893259 X X 0 1 X 1 0 X 6510099 8142375 14713117 6582898 9088314 45036803 6510099 8142375 14713117 6582898 9088314 45036803 10035586 35001217 2060482 2301423 1585597 1603541 1928690 9479733 1227 59245 39207 27938 127617 185769 208288 200837 391425 263117 1249436 55893589 189989490 0.62620 0.62510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66559638 1374872 -1172535 3167509 63594466 68373579 342442 938917 3095300 66559638 48150087 14961532 6355737 1093777 68373579 43440460 975397 6581606 2857376 48140087 40476120 363027 2601313 43440460 0.11060 0.56500 0.32440 0 0 76038 76038 82013634 23075101 58938533 8673163 3559052 5114111 22102073 6026622 16075451 80204133 COMMONFUND CAPITAL PRIVATE EQUITY PART V LP 601470 F COMMONFUND CAPITAL PRIVATE EQUITY PART VII LP 1700302 F COMMONFUND GLOBAL ABSOLUTE ALPHA 5342676 F ENDOWMENT VENTURE PARTNERS V 364628 F GOLDMAN SACHS HEDGE FUND 5684609 F PINE GROVE OFFSHORE FUND LTD. 5373923 F PINE STREET ASSOCIATES LTD PARTNERSHIP 5485166 F 24552774 LAND DEVELOPMENT COSTS 5004658 ASSETS HELD IN ANNUITY TRUSTS 1854006 HORSES 42100 SUPPLIES 301601 GIFT RECEIVABLE - NICOLAI 2996376 DONATED ASSETS 155775 DEFERRED FINANCING COSTS 317884 10672400 ANNUITIES PAYABLE 840308 INTEREST RATE SWAP 799281 CONSTRUCTION FEES PAYABLE 111120 1750709 X 41549441 -8934168 118243 -8815925 50365366 8331798 8331798 58697164 44408286 1011502 1011502 43396784 8331798 8331798 51728582 PART V, LINE 4: THE SCHOOL'S ENDOWMENTS CONSIST OF VARIOUS FUNDS ESTABLISHED TO SUPPORT A VARIETY OF SCHOLARSHIPS AT THE SCHOOL. PART X, LINE 2: ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AS WELL AS GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES AND FINANCIAL STATEMENT REPORTING DISCLOSURES. FOR THESE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURES AS A COMPONENT OF INCOME TAX EXPENSE. THE SCHOOL DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 30, 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOOL STORE EXPENSES NETTED WITH SCHOOL STORE REVENUE 232,246. RENTAL EXPENSES NETTED WITH RENTAL INCOME 397,772. GAIN ON SALE OF ASSETS -180. CHANGE IN VALUE OF ASSETS HELD IN ANNUITY TRUSTS -242,793. CHANGE IN VALUE OF ANNUITIES PAYABLE 80,437. UNREALIZED GAIN ON GIFTS RECEIVABLE -349,239. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE NETTED WITH REVENUE 8,269,567. INVESTMENT EXPENSES NETTED WITH INVESTMENT REVENUE 62,231. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOOL STORE EXPENSES NETTED WITH SCHOOL STORE REVENUE 232,247. RENTAL EXPENSES NETTED WITH RENTAL INCOME 397,772. GAIN ON SALE OF ASSETS -180. CHANGE IN MARKET VALUE OF INTEREST RATE SWAP 381,663. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE NETTED WITH REVENUE 8,269,567. INVESTMENT EXPENSES NETTED WITH INVESTMENT REVENUE 62,231. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 MCDONOGH SCHOOL HAS PUBLISHED ITS RACIAL NONDISCRIMINATION POLICY IN ALL MEDIA THROUGH WHICH IT ADVERTISES CENTRAL AMERICAN AND THE CARIBBEAN 0 0 INVESTMENTS 16401208 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 STUDENT RECRUITMENT FOR SUMMER PROGRAMS 43524 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 STUDENT RECRUITMENT FOR SUMMER PROGRAMS 795 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 STUDENT RECRUITMENT FOR SUMMER PROGRAMS 2466 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 STUDENT ENRICHMENT EDUCATIONAL STUDY ABROAD TRIPS 568 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 CONTRIBUTION CONTRIBUTION TO RED CROSS 1000 0 0 0 0 0 0 16449561 0 16449561 1 0 1 1 1 0 1 SCHOLARSHIP GRANTS AND TUITION REMISSION 406 8269567 CASH GRANTED PART I, LINE 2: SCHOLARSHIPS ARE GRANTED BASED ON FINANCIAL NEED AND SCHOLASTIC APTITUDE. X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 CHARLES W BRITTON HEADMASTER 399313 0 0 0 690 0 17183 0 58667 0 475853 0 0 0 JOHN WEBER VP OF FINANCE AND ADMIN (PART YEAR) 151224 0 0 0 55255 0 6759 0 101981 0 315219 0 0 0 TIMOTHY FISH ASSOCIATE HEADMASTER 187617 0 0 0 450 0 14471 0 86470 0 289008 0 0 0 JOHN BRAD SHELLEY DIRECTOR OF INSTITUTIONAL ADVANCEMEN 150027 0 0 0 138 0 10433 0 85052 0 245650 0 0 0 WILLIAM RUSH HEAD OF SUMMER CAMP 137635 0 0 0 1187 0 8478 0 18155 0 165455 0 0 0 DARREN FORD HEAD OF MIDDLE SCHOOL 121188 0 0 0 1035 0 9199 0 27682 0 159104 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, THE FOLLOWING MCDONOGH EMPLOYEES ARE PROVIDED A HOUSING ALLOWANCE FOR THE CONVENIENCE AND BENEFIT OF THE SCHOOL. THIS HOUSING IS NOT INCLUDED IN THEIR TAXABLE INCOME: CHARLES W. BRITTON, HEADMASTER OF MCDONOGH SCHOOL - $17,090 TIMOTHY FISH, ASSOCIATE HEADMASTER - $13,546 JOHN BRAD SHELLEY, DIRECTOR OF DEVELOPMENT - $10,800 JOHN WEBER, VP OF FINANCE AND ADMINISTRATION - $9,306 AS A NONTAXABLE FRINGE BENEFIT, MEMBERSHIP FEES WERE PAID FOR CHARLES W. BRITTON, HEADMASTER OF MCDONOGH SCHOOL, IN THE AMOUNT OF $11,395. LINES 4A-B: THE FOLLOWING INDIVIDUALS RECEIVED A SEVERANCE PAYMENT: JOHN WEBER - $49,915 A MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 2013-12-01 11800000 TO REFINANCE 2005 BONDS 0 0 0 B MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 574221LGO 2011-10-27 38662174 TO FINANCE CONSTRUCTION - MATH & SCI BLDG, STUDENT CTR, PWR PLT, INFRA STR 0 0 0 A 1635013 11800000 55000 11745000 2013 1 0 1 1 B 12000000 38662174 697687 457748 37574667 2014 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 1 1 SUNTRUST 15.000000000000 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 CHILD OF TRUSTEE 15540 NEED BASED SCHOLARSHIP EDUCATION X 43 794551 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY A MEMBER OF THE AUDIT COMMITTEE. AFTER THAT REVIEW, THE FORM 990 IS POSTED ON THE TRUSTEE WEBSITE FOR APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C COPIES OF THE CONFLICT OF INTEREST POLICY AND RELATED QUESTIONNAIRE ARE SUBMITTED TO ALL INTERESTED PARTIES TO REVIEW, COMPLETE, AND SIGN. THE QUESTIONNAIRE WHICH DISCLOSES, IF APPLICABLE, ANY POTENTIAL CONFLICTS, IS SUBMITTED TO THE VICE PRESIDENT OF THE BOARD OF TRUSTEES FOR REVIEW. ANY POTENTIAL CONFLICTS ARE RESOLVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE CONFLICT OF INTEREST POLICY IS ANNUALLY REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 MCDONOGH SCHOOL MAINTAINS AN EXECUTIVE COMPENSATION POLICY FOR DETERMINING COMPENSATION FOR BOTH OFFICERS AND KEY EMPLOYEES. MCDONOGH SCHOOL USES PEER DATA PROVIDED BY IRS FORM 990 AND DATA PROVIDED BY BOTH AIMS (ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS) AND NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS) FOR COMPARABILITY PURPOSES. THE INDEPENDENT BOARD HIRES AND DETERMINES COMPENSATION OF THE HEADMASTER, WHO THEN HIRES AND DETERMINES COMPENSATION OF OTHER TOP MANAGEMENT OFFICIALS, OFFICERS, AND KEY EMPLOYEES. ALL COMPENSATION IS DETERMINED BASED ON PERFORMANCE, COMPARABLE COMPENSATION DATA, AND BUDGETARY GUIDELINES AS APPROVED BY COMMITTEES OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MARKET VALUE OF INTEREST RATE SWAP -381,663. CHANGE IN VALUE OF ASSETS HELD IN ANNUITY TRUSTS -242,793. CHANGE IN VALUE OF ANNUITIES PAYABLE 80,436. UNREALIZED CHANGE IN GIFT RECEIVABLE -349,239. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FOLIO NETWORK LLC PO BOX 380 OWINGS MILLS MD 21117 275349063 SCHOOL PERFORMANCE APPRAISAL SOFTWARE MD 50000 54871 MCDONOGH SCHOOL INCORPORATED MCDONOGH PARENTS ASSOCIATION PO BOX 380 OWINGS MILLS MD 21117 526019724 TO SUPPORT MCDONOGH SCHOOL MD 501(C)(3) 11 0 CHARITABLE REMAINDER TRUST (11) PO BOX 380 OWINGS MILLS MD 21117 CHARITABLE REMAINDER TRUST MD T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0