CALVERT SCHOOL INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- CALVERT SCHOOL INC (EIN 52-0591510)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-05-03
- IRS object ID
- 201731239349300603
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-03T06:50:35-05:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 205991824 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SC&H TAX & ADVISORY SERVICES LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 910 RIDGEBROOK ROAD | AddressLine1Txt |
| City | SPARKS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21152 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520591510 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Calvert School Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CALV | BusinessNameControlTxt |
| Phone | 4102436054 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 105 Tuscany Road | AddressLine1Txt |
| City | Baltimore | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21210 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOSEPH P MCGRAW | PersonNm |
| Person Title | Director of Finance & Operatio | PersonTitleTxt |
| Phone | 4102436054 | PhoneNum |
| Signature | 2017-04-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Paula Raynor | PreparerPersonNm |
| PTIN | P01081608 | PTIN |
| Phone | 4104031500 | PhoneNum |
| Preparation | 2017-04-06 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Calvert School | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Andrew D Holmgren | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 105 Tuscany Road | AddressLine1Txt |
| City | Baltimore | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $30,523,833 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.calvertschoolmd.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1897 | FormationYr |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Activity Or Mission | Calvert School is dedicated to educating boys and girls through its time-tested method of teaching and its rigorous curriculum. Particular emphasis is given to mastering essential skills, inspiring a lifelong love oF learning, and instilling enthusiasm, responsibility, and self-discipline. Calvert seeks to develop students of high academic achievement, intellectual curiosity, and strong moral character within a supportive and diverse community. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 228 | TotalEmployeeCnt |
| Total Volunteers | 190 | TotalVolunteersCnt |
| Total Gross UBI | -$18,677 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$18,677 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,768,924 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,533,471 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,576,233 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,218,332 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,563,823 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,210,490 | CYInvestmentIncomeAmt |
| PY Other Revenue | $45,227 | PYOtherRevenueAmt |
| CY Other Revenue | $54,139 | CYOtherRevenueAmt |
| PY Total Revenue | $17,954,207 | PYTotalRevenueAmt |
| CY Total Revenue | $19,016,432 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,702,320 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,785,554 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,607,883 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,479,015 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $34,135 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $40,831 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $803,301 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,224,181 | PYOtherExpensesAmt |
| CY Other Expenses | $5,032,033 | CYOtherExpensesAmt |
| PY Total Expenses | $16,568,519 | PYTotalExpensesAmt |
| CY Total Expenses | $17,337,433 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,385,688 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,678,999 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $105,297,862 | TotalAssetsBOYAmt |
| Total Assets EOY | $101,296,818 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $19,397,233 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $25,093,544 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $85,900,629 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $76,203,274 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Calvert School is dedicated to educating boys and girls through its time-tested method of teaching and its rigorous curriculum. Particular emphasis is given to mastering essential skills, inspiring a lifelong love oF learning, and instilling enthusiasm, responsibility, and self-discipline. Calvert seeks to develop students of high academic achievement, intellectual curiosity, and strong moral character within a supportive and diverse community. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $11,054,319 | ExpenseAmt |
| Grant | $1,766,958 | GrantAmt |
| Revenue | $13,242,300 | RevenueAmt |
| Desc | Day School - 593 students attend Calvert School in Baltimore, Maryland. There are ten grades from kindergarten through eighth grade. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $525,793 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $598,766 | RevenueAmt |
| Desc | Preschool - 54 children attended Kiddie Calvert preschool (KC). The KC program is primarily open to Calvert School and local independent school employees and current families of Calvert School as space allows. Children must be at least 12 weeks old and under 5 years old to attend. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $67,733 | ExpenseAmt |
| Grant | $18,596 | GrantAmt |
| Revenue | $244,885 | RevenueAmt |
| Desc | After School Care - 130 students participate in our after school care (ASC) program. The ASC program ran from 3:15 to 6:00 P.M. each day the school was in session. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $258,445 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $138,171 | RevenueAmt |
| Desc | Other program services that further the school's exempt purpose including Summer Camps and school clubs. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $258,445 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $138,171 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $11,906,290 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | Yes (1) | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 19 | IRPDocumentCnt |
| IRP Document W2 G | 1 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 228 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Joseph P McGraw | PersonNm |
| Phone | 4102436054 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 105 Tuscany Road | AddressLine1Txt |
| City | Baltimore | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21210 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| James B Stradtner | |||||||
| Chairman | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MARK A DEWIRE ESQ | |||||||
| Vice Chairman | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| EDWIN J INSLEY | |||||||
| Treasurer | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| H WARD CLASSEN ESQ | |||||||
| Secretary | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CURTIS H CAMPBELL | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Felix J Dawson | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| WESLEY N FINNERTY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK L FULCHINO | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES R GARRETT | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ALEX F GIBSON | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| GAYLE S KELLY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| HEIDI KENNY-BERMAN | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID S KNIPP | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DINO B MALLAS | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KEVIN A MCCREADIE | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| COURTNEY L OTENASEK | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Joshua R Perry | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| LEE H RILEY III MD | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| AMY T SETO | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MATTHEW W WYSKIEL III | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDREW HOLMGREN | |||||||
| HEADMASTER | 40.00 | Yes (X) | $359,471 | $0 | $119,863 | ||
| JOSEPH MCGRAW | |||||||
| DIRECTOR OF FINANCE & OPERATIONS | 40.00 | Yes (X) | $206,414 | $0 | $60,638 | ||
| KERRY S JOHNSTON | |||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | $141,840 | $0 | $56,864 | Yes (X) | ||
| DENISE D FIORUCCI | |||||||
| DIRECTOR OF HUMAN RESOURCES | 40.00 | $137,132 | $0 | $22,884 | Yes (X) | ||
| Nicole H WEBSTER | |||||||
| DirectOR OF ADMISS. & ENROLLMENT | 40.00 | $122,387 | $0 | $64,814 | Yes (X) | ||
| F MATTHEW BUCK | |||||||
| Head of middle school | 40.00 | $117,183 | $0 | $29,448 | Yes (X) | ||
| Elizabeth Martin | |||||||
| Head of lower school | 40.00 | $116,584 | $0 | $37,659 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,201,011 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $392,170 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CHARTWELLS | |||||
| PO BOX 417632 | BOSTON | MA | 02241 | FOOD SERVICES | $771,377 |
| Delbert Adams Construction Group LLC | |||||
| 1417 Clarkview Road | Baltimore | MD | 21209 | Construction | $716,568 |
| Fidelity Mechanical Services | |||||
| 25 Loveton Circle | Sparks | MD | 21152 | HVAC service & Maintenance | $114,947 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $650 | FundraisingAmt |
| All Other Contributions | $1,532,821 | AllOtherContributionsAmt |
| Noncash Contributions | $162,700 | NoncashContributionsAmt |
| Total Contributions | $1,533,471 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| School Tuition | 511190 | $13,242,300 | $13,242,300 |
| Preschool | 611710 | $598,766 | $598,766 |
| After School Care | 611710 | $244,885 | $244,885 |
| Summer Camps | 611710 | $79,890 | $79,890 |
| School Clubs | 611710 | $52,491 | $52,491 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,218,332 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,787,985 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$18,677 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,806,662 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $10,186 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $10,186 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,186 | TotalRevenueColumnAmt |
| Exclusion | $10,186 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $11,829,975 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $11,407,470 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $422,505 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $422,505 | TotalRevenueColumnAmt |
| Exclusion | $422,505 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $99,383 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $650 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $73,306 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,077 | TotalRevenueColumnAmt |
| Exclusion | $26,077 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $27,570 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $26,625 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $945 | TotalRevenueColumnAmt |
| Exclusion | $945 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| Miscellaneous Revenue | 900099 | $11,141 | $11,141 | |
| Forfeited Deposits | 511190 | $5,790 | $5,790 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $16,931 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,016,432 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,224,122 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$18,677 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,277,516 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,785,554 | TotalAmt |
| Program Services | $1,785,554 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $703,034 | TotalAmt |
| Program Services | $444,857 | ProgramServicesAmt |
| Management And General | $217,346 | ManagementAndGeneralAmt |
| Fundraising | $40,831 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,007 | TotalAmt |
| Program Services | $72,007 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,093,250 | TotalAmt |
| Program Services | $4,466,049 | ProgramServicesAmt |
| Management And General | $2,211,708 | ManagementAndGeneralAmt |
| Fundraising | $415,493 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $330,658 | TotalAmt |
| Program Services | $209,232 | ProgramServicesAmt |
| Management And General | $102,222 | ManagementAndGeneralAmt |
| Fundraising | $19,204 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,788,718 | TotalAmt |
| Program Services | $1,127,727 | ProgramServicesAmt |
| Management And General | $556,451 | ManagementAndGeneralAmt |
| Fundraising | $104,540 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $532,179 | TotalAmt |
| Program Services | $336,749 | ProgramServicesAmt |
| Management And General | $164,521 | ManagementAndGeneralAmt |
| Fundraising | $30,909 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,902 | TotalAmt |
| Program Services | $3,396 | ProgramServicesAmt |
| Management And General | $29,506 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,386 | TotalAmt |
| Management And General | $64,386 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $146,845 | TotalAmt |
| Management And General | $146,845 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,660 | TotalAmt |
| Program Services | $3,160 | ProgramServicesAmt |
| Management And General | $46,500 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,424 | TotalAmt |
| Management And General | $92,170 | ManagementAndGeneralAmt |
| Fundraising | $28,254 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,288,798 | TotalAmt |
| Program Services | $1,091,233 | ProgramServicesAmt |
| Management And General | $157,756 | ManagementAndGeneralAmt |
| Fundraising | $39,809 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $261,131 | TotalAmt |
| Program Services | $124,037 | ProgramServicesAmt |
| Management And General | $124,037 | ManagementAndGeneralAmt |
| Fundraising | $13,057 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $820,366 | TotalAmt |
| Program Services | $656,293 | ProgramServicesAmt |
| Management And General | $164,073 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,148 | TotalAmt |
| Program Services | $34,059 | ProgramServicesAmt |
| Management And General | $2,089 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,884 | TotalAmt |
| Program Services | $89,781 | ProgramServicesAmt |
| Management And General | $17,792 | ManagementAndGeneralAmt |
| Fundraising | $16,311 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $187,435 | TotalAmt |
| Management And General | $187,435 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,267,184 | TotalAmt |
| Program Services | $1,013,747 | ProgramServicesAmt |
| Management And General | $253,437 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180,404 | TotalAmt |
| Program Services | $144,323 | ProgramServicesAmt |
| Management And General | $36,081 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| Student Services | $212,263 | $207,244 | $5,019 | |
| Miscellaneous | $129,111 | $44,915 | $56,506 | $27,690 |
| Entertainment | $59,922 | $6,086 | $31,803 | $22,033 |
| Membership Dues | $51,170 | $45,841 | $1,565 | $3,764 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,337,433 | TotalAmt |
| Program Services | $11,906,290 | ProgramServicesAmt |
| Management And General | $4,627,842 | ManagementAndGeneralAmt |
| Fundraising | $803,301 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,827 | BOYAmt |
| EOY | $1,385 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,474,395 | BOYAmt |
| EOY | $4,666,688 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,965,215 | BOYAmt |
| EOY | $3,409,242 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $182,010 | BOYAmt |
| EOY | $278,855 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $5,000 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,548 | BOYAmt |
| EOY | $57,498 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $424,370 | BOYAmt |
| EOY | $237,889 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $50,017,496 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $13,047,324 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,696,166 | BOYAmt |
| EOY | $36,970,172 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,585,025 | BOYAmt |
| EOY | $28,774,148 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,748,792 | BOYAmt |
| EOY | $24,375,857 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,165,514 | BOYAmt |
| EOY | $2,520,084 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,297,862 | BOYAmt |
| EOY | $101,296,818 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,050,095 | BOYAmt |
| EOY | $1,415,361 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,515,840 | BOYAmt |
| EOY | $4,249,292 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,621,333 | BOYAmt |
| EOY | $10,133,333 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,209,965 | BOYAmt |
| EOY | $9,295,558 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,397,233 | BOYAmt |
| EOY | $25,093,544 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,317,794 | BOYAmt |
| EOY | $66,462,262 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,995,232 | BOYAmt |
| EOY | $1,979,108 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,587,603 | BOYAmt |
| EOY | $7,761,904 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,900,629 | BOYAmt |
| EOY | $76,203,274 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,297,862 | BOYAmt |
| EOY | $101,296,818 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,678,999 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$3,961,058 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$7,415,296 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Protection Natural Habitat | Yes (X) | ProtectionNaturalHabitatInd |
| Historic Structure | Yes (X) | HistoricStructureInd |
| Total Easements | 1 | TotalEasementsCnt |
| Total Acreage | 1.00 | TotalAcreageCnt |
| Historic Structure Easements | 1 | HistoricStructureEasementsCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | 0 | WrittenPolicyMonitoringInd |
| Staff Hours Spent Enforcement | 5.00 | StaffHoursSpentEnforcementCnt |
| Expenses Incurred Enforcement | $118 | ExpensesIncurredEnforcementAmt |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $60,005,533 | BeginningYearBalanceAmt |
| Contributions | $856,229 | ContributionsAmt |
| Investment Earnings Or Losses | -$4,722,727 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,888,069 | OtherExpendituresAmt |
| End Year Balance | $54,250,966 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $59,687,776 | BeginningYearBalanceAmt |
| Contributions | $307,239 | ContributionsAmt |
| Investment Earnings Or Losses | $1,797,056 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,786,538 | OtherExpendituresAmt |
| End Year Balance | $60,005,533 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $50,610,161 | BeginningYearBalanceAmt |
| Contributions | $4,910,856 | ContributionsAmt |
| Investment Earnings Or Losses | $7,362,727 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,195,968 | OtherExpendituresAmt |
| End Year Balance | $59,687,776 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $40,004,455 | BeginningYearBalanceAmt |
| Contributions | $8,011,150 | ContributionsAmt |
| Investment Earnings Or Losses | $4,169,873 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,575,317 | OtherExpendituresAmt |
| End Year Balance | $50,610,161 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $40,988,083 | BeginningYearBalanceAmt |
| Contributions | $22,973 | ContributionsAmt |
| Investment Earnings Or Losses | $467,891 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,474,492 | OtherExpendituresAmt |
| End Year Balance | $40,004,455 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.88750 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.09250 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.02000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,087,718 | OtherCostOrOtherBasisAmt |
| Book Value | $12,087,718 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $35,173,490 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,147,066 | DepreciationAmt |
| Book Value | $24,026,424 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,507,337 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,747,388 | DepreciationAmt |
| Book Value | $759,949 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $248,951 | OtherCostOrOtherBasisAmt |
| Depreciation | $152,870 | DepreciationAmt |
| Book Value | $96,081 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $36,970,172 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PREFERRED STOCK IN Calvert Education Services, LLC | $2,312,500 | F |
| ALTERNATIVE INVESTMENTS | $3,350,146 | F |
| LIMITED PARTNERSHIPS | $18,713,211 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $24,375,857 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED PENSION OBLIGATION | $9,252,138 |
| Capital Lease Obligation | $43,420 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $9,295,558 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $13,222,906 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$3,961,058 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $99,931 | OtherRevenueAmt |
| Revenue Not Reported | -$3,861,127 | RevenueNotReportedAmt |
| Revenue Subtotal | $17,084,033 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $146,845 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $1,785,554 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,932,399 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $19,016,432 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $15,504,965 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $99,931 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $99,931 | ExpensesNotReportedAmt |
| Expenses Subtotal | $15,405,034 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $146,845 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $1,785,554 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,932,399 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $17,337,433 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part II, Line 9: | THE CONSERVATION EASEMENTS ARE INCLUDED IN LAND AND BUILDING and are PRESENTED AS PROPERTY AND EQUIPMENT, NET ON THE FINANCIAL STATEMENTS. ASSET HAS BEEN RECORDED AT COST. ALL REVENUE AND EXPENSES ASSOCIATED WITH THE EASEMENTS ARE INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION ON THE FINANCIAL STATEMENTS. |
| Part V, Line 4: | The endowment funds are used to support the specific purposes identified by donors and to support the overall operations of the school that are necessary to fulfill the organization's exempt purpose. |
| Part X, Line 2: | When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more-likely-than-not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. 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: | Cost of goods sold Expenses netted with Revenue 26,625. Special Event expenses netted with revenue 73,306. |
| Part XI, Line 4b - Other Adjustments: | Grant Expense netted with tuition revenue on the financial statements 1,785,554. |
| Part XII, Line 2d - Other Adjustments: | Cost of goods sold Expenses netted with Revenue 26,625. Special Event expenses netted with revenue 73,306. |
| Part XII, Line 4b - Other Adjustments: | Grant Expense netted with tuition revenue on the financial statements 1,785,554. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule E, Part I, Line 3 | FormAndLineReferenceDesc |
| Explanation | NONDISCRIMINATORY POLICY IS PUBLISHED IN SCHOOL BROCHURES, APPLICATIONS FOR ADMISSION, AND IN THE LOCAL TRADE NEWSPAPERS AND PERIODICALS. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, | 0 | 0 | INVESTMENTS | $7,489,608 |
| Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium | 0 | 0 | INVESTMENTS | $2,976,203 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $10,465,811 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $10,465,811 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Golf Tournament | Event1Nm |
| Gross Receipts Event1 | $23,710 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $400 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $23,310 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $9,205 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $21,042 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $120 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $6,344 | OtherDirectExpensesEvent1Amt |
| Event2 | Taste at Calvert | Event2Nm |
| Gross Receipts Event2 | $76,323 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $250 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $76,073 | GrossRevenueEvent2Amt |
| Cash Prizes Event2 | $5,000 | CashPrizesEvent2Amt |
| Food And Beverage Event2 | $9,500 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $1,100 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $20,995 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $100,033 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $650 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $99,383 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $5,000 | CashPrizesTotalEventsAmt |
| Non Cash Prizes Total Events | $9,205 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $21,042 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $9,620 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $1,100 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $27,339 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $73,306 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $26,077 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Financial Aid | GrantTypeTxt |
| Recipient | 174 | RecipientCnt |
| Cash Grant | $1,785,554 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The student's parent(s) applies for financial aid by completing the uniform TADS application form. Management reviews the forms and awards financial aid on a needed basis. The amount of each award is applied to the respective student's tuition bill. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANDREW HOLMGREN | ||||||||||||||
| HEADMASTER | $257,571 | $0 | $63,250 | $0 | $38,650 | $0 | $15,900 | $0 | $103,963 | $0 | $479,334 | $0 | $0 | $0 |
| JOSEPH MCGRAW | ||||||||||||||
| DIRECTOR OF FINANCE & OPERATIONS | $188,871 | $0 | $5,000 | $0 | $12,543 | $0 | $11,545 | $0 | $49,093 | $0 | $267,052 | $0 | $0 | $0 |
| KERRY S JOHNSTON | ||||||||||||||
| DIRECTOR OF DEVELOPMENT | $126,650 | $0 | $4,000 | $0 | $11,190 | $0 | $8,134 | $0 | $48,730 | $0 | $198,704 | $0 | $0 | $0 |
| DENISE D FIORUCCI | ||||||||||||||
| DIRECTOR OF HUMAN RESOURCES | $131,772 | $0 | $5,000 | $0 | $360 | $0 | $8,048 | $0 | $14,836 | $0 | $160,016 | $0 | $0 | $0 |
| Nicole H WEBSTER | ||||||||||||||
| DirectOR OF ADMISS. & ENROLLMENT | $102,554 | $0 | $4,000 | $0 | $15,833 | $0 | $4,584 | $0 | $60,230 | $0 | $187,201 | $0 | $0 | $0 |
| Elizabeth Martin | ||||||||||||||
| Head of lower school | $100,853 | $0 | $4,500 | $0 | $11,231 | $0 | $6,090 | $0 | $31,569 | $0 | $154,243 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a | FormAndLineReferenceDesc |
| Explanation | SEVERAL OFFICERS AND HIGHLY COMPENSATED EMPLOYEES RECEIVE GROSS-UP PAYMENTS WHICH ARE INCLUDED IN TAXABLE COMPENSAtION. ANDREW HOLMGREN, Headmaster, is required to live in a house located on the school's premises for the school's convenience and as a condition of employment. This benefit was valued to be $41,067 and is included as a non-taxable benefit. The school provides personal services to support business events at the Headmaster's residence. These services are not considered taxable. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Maryland Industrial Development Financing Authority | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 526002033 | BondIssuerEIN |
| Bond Issued | 2011-06-01 | BondIssuedDt |
| Issue Price | $12,200,000 | IssuePriceAmt |
| Purpose | TO REFUND 2001 BONDS AND TO FUND CAPITAL IMPROVEMENTS TO THE FACILITIES | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $2,066,667 | RetiredAmt |
| Total Proceeds | $12,200,000 | TotalProceedsAmt |
| Capital Expenditures | $3,200,000 | CapitalExpendituresAmt |
| Other Spent Proceeds | $9,000,000 | OtherSpentProceedsAmt |
| Substantial Completion | 2003 | SubstantialCompletionYr |
| Current Refunding | Yes (1) | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Date Rebate Computation Performed | FormAndLineReferenceDesc |
| Explanation | Issuer Name: Maryland Industrial Development Financing Authority Date the Rebate Computation was Performed: 05/31/2016 | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| ANNE C MCGRAW | |||
| WIFE OF JOSEPH P. MCGRAW, DIRECTOR OF FINANCE AND OPERATIONS | $72,007 | TEACHER AT THE CALVERT SCHOOL. amount of transaction includes both salary and benefits. | 0 |
| Gayle Kelly | |||
| In-Direct Business | $1,638,961 | Kelly & Associates Insurance Group, Inc. provided payroll and insurance services to the school. The transaction total represents payments for services as well as insurance premiums collected during the school's tax year. Gayle Kelly is a Trustee of the calvert school. The Kelly family has a majority ownership interest in Kelly & Associates Insurance Group, Inc. | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 21 | ContributionCnt |
| Noncash Contributions Rpt F990 | $63,950 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 10 | ContributionCnt |
| Noncash Contributions Rpt F990 | $98,750 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11 | The director of finance & operations and controller provide the necessary information to prepare the tax return. A committee of three (3) board members with financial backgrounds and knowledge of the school's financial reporting review a draft of the completed return prior to its filing. The entire board of trustees receives a full copy of the return before it is filed with the IRS. |
| Form 990, Part VI, Section B, line 12c | All board members and top management officials are required to complete a conflict of interest disclosure statement on an annual basis. The statement requires disclosure of "any matter that the board member believes may involve a possible conflict of interest and shall thereafter supplement such annual written disclosure with information pertaining to conflicts of interest arising after the annual disclosure has been filed." Every board member shall disclose to the board and to any board committee on which he or she may serve any conflict of interest involving a matter before the board or committee, as the case may be, and shall refrain from voting on any such matter. A trustee who has disclosed a possible conflict of interest may be counted in determining the presence of a quorum at the meeting and the pertinent transaction may be authorized, approved or ratified by the affirmative vote of a majority of disinterested trustees. Any minutes of the meeting shall reflect that a disclosure was made and that the affected trustee did not vote on the transaction. |
| Form 990, Part VI, Section B, line 15 | The School has a Compensation Committee comprised of three Board members. The Committee meets annually to review the compensation of top management officials and written employment contracts when renewed or revised. An independent consultant is hired to prepare a market study report of compensation packages of comparable schools' management. The Committee reviews the performance of management and the independent consultant's report. The Compensation Committee approves the compensation plans. |
| Form 990, Part VI, Section C, line 19 | The governing documents, conflict of interest policy and financial statements are made available upon request for the same period of disclosure as set forth in section 6104(d). |
| Form 990, Part XI, line 9: | PENSION RELATED CHANGES -5,102,796. Loss on Impairment of preferred stock in CES, LLC -2,312,500. |
| Form 990, Part XII, Line 2c | This process has not changed from the prior year. |