2015-05-14T15:37:59-05:00 2014-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2013-07-01 520591625 THE PARK SCHOOL OF BALTIMORE PARK 4103397070 2425 OLD COURT ROAD BALTIMORE MD 21208 JOAN WEBBER DIRECTOR OF FINANCE 4103397070 2015-05-14 1 LORI S BURGHAUSER P00370694 4104031500 2015-05-14 2013 2016-03-07 17:11:31Z JOAN WEBBER 2425 OLD COURT ROAD BALTIMORE MD 21208 32741249 0 X WWW.PARKSCHOOL.NET X 1940 MD TO PROVIDE EDUCATION TO STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 24 23 388 1000 1822 822 4152140 2417671 22239875 22137595 1517895 1151151 535801 248126 28445711 25954543 4984066 4967848 0 0 13967802 13790392 0 0 68860 6614105 5907679 25565973 24665919 2879738 1288624 66940860 71162824 17634957 17305082 49305903 53857742 X THE PARK SCHOOL, FOUNDED IN 1912, IS A NON-SECTARIAN, INDEPENDENT CO-EDUCATIONAL DAY SCHOOL EDUCATING STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. AS ONE OF THE EARLY PROGRESSIVE SCHOOLS, PARK'S CORE VALUES TODAY, AS AT ITS FOUNDING, ARE A BELIEF IN CHILDREN'S CAPACITY TO ENJOY LEARNING, TO ACT RATIONALLY, AND TO GROW WHEN INSPIRED BY HIGHLY QUALIFIED, CARING TEACHERS. A COMMITMENT TO EQUITY AND INCLUSIVENESS ARE FUNDAMENTAL TO PARK'S PHILOSOPHY. 0 0 19163842 4967848 20533128 INSTRUCTION & OTHER ACADEMIC PROGRAM EXPENSES - GENERAL OPERATION OF THE SCHOOL; PROVIDING BASIC EDUCATION FOR GRADES KINDERGARTEN THROUGH 12. 1081939 1081446 AUXILIARY PROGRAMS & SPECIAL ACTIVITIES - EXPENSES ASSOCIATED WITH PROVIDING SUMMER CAMP, CAFETERIA AND SPECIAL PROGRAMS FOR THE CONVENIENCE OF THE STUDENTS. 20245781 1 1 0 0 0 0 1 0 0 1 1 1 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 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 42 0 388 1 1 1 0 0 0 0 0 0 0 0 0 X 24 23 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 MD X JOAN WEBBER 4103394161 2425 OLD COURT ROAD BALTIMORE MD 21208 JAMES WYDA PRESIDENT OF THE BOARD 1.00 X 0 0 0 BRUCE FLEMING VICE PRESIDENT OF BOARD 1.00 X 0 0 0 DAN HIRSCHHORN TREASURER 1.00 X 0 0 0 PETE SACHS SECRETARY 1.00 X 0 0 0 LISA DVORINE ABRAMS MD MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 SARAH BAIRD MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 BRIAN BERGHUIS MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 DAN CUMMINGS MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 BARRY CURTIS MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 NICHELLE HERMANN MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 DANIEL KLEIN MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 RAJ KRISHNAN MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 TRACI LERNER MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 RAMESH MOORTHY MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 CARBERY MORROW MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 ELIZABETH RODINI MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 DEVY RUSSELL MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 JM SCHAPIRO MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 SARAH HIRSCHHORN SHAPIRO MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 STEVEN SIBEL MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 MARIA HARRIS TILDON MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 LEONARD WEINBERG MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 TOM WETZLER MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 JEAN WYMAN MEMBER, BOARD OF TRUSTEES 1.00 X 0 0 0 DAN PARADIS HEAD OF SCHOOL 40.00 X 238146 0 46235 JOAN WEBBER DIRECTOR OF FINANCE & OP 40.00 X 176139 0 18841 BETSY LEIGHTON ASSOCIATE HEAD OF SCHOOL 40.00 X 144473 0 28163 ROGER SEIDENMAN DIRECTOR OF DEVELOPMENT 40.00 X 153905 0 58574 JUNE BENNETT PRINCIPAL 40.00 X 116284 0 13371 RIDGE DIVEN ATHLETIC DIRECTOR 40.00 X 112188 0 19969 KEVIN COLL PRINCIPAL 40.00 X 107779 0 23754 1048914 0 208907 8 0 1 0 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 CAFETERIA 399128 CHRISTAR INC 2335 WILLOW VALE DRIVE FALLSTON MD 21047 CLEANING 285030 2 2417671 92029 2417671 TUITION & FEES 611600 21242548 21242548 CAFETERIA 722210 376220 376220 EXTENDED DAY 611600 204596 204596 BUS OPERATIONS 485000 176464 176464 AUXILIARY PROGRAMS 611600 93382 93382 44385 44385 22137595 599268 1822 597446 283415 89416 193999 193999 193999 7082613 5961525 569205 1121088 -569205 551883 551883 22632 10352 12280 12280 168392 156208 12184 12184 MISCELLANEOUS 611600 29663 29663 29663 25954543 21614574 1822 1920476 4967848 4967848 667625 550264 117361 10996632 8601175 2395457 659090 476202 182888 652928 465919 187009 814117 651437 162680 28152 28152 43943 43943 152729 152729 12053 12053 129914 129914 148047 74642 64259 9146 132948 132948 1102660 1102660 354491 354491 1303449 1303449 133743 132351 1392 UBI - FED & STATE TAX E 203 203 CAFETERIA AND BUS OPERA 803426 803426 EDUCATION EXPENSES/EXTE 491547 491547 OTHER EXPENSES 156391 48764 107627 913983 708448 147213 58322 24665919 20245781 4351278 68860 4022 9207994 9367642 3181173 2422715 428925 245064 75000 75000 37897 18255 359187 605301 38553469 14212240 25010535 24341229 21014405 25937364 7520587 8045766 105157 100466 66940860 71162824 1664073 1895843 3050129 2943249 12385126 11960886 535629 505104 17634957 17305082 X 21341207 22538280 10268174 13053213 17696522 18266249 49305903 53857742 66940860 71162824 X 1288624 3255573 7642 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 10 30.00 1 0 0 29150681 1769419 4646290 1201473 34364917 25520046 1709149 3048174 1126688 29150681 23624121 3493000 -208958 1388117 25520046 19025962 1028021 4534975 964337 23624621 16371635 1419075 2267402 1032150 19025962 0.24790 0.48330 0.26880 0 0 2102531 2102531 31428333 12887913 18540420 4662852 1324327 3338525 359753 359753 24341229 ALTERNATIVE INVESTMENTS 8045766 F 8045766 DUE TO STUDENT ORGANIZATIONS 22382 INTEREST RATE SWAP CONTRACT 482722 505104 X 23594799 3255573 17994 3273567 20321232 152729 5480582 5633311 25954543 19042960 579557 579557 18463403 152729 6049787 6202516 24665919 PART II, LINE 9: THE EXPENSES ARE CATEGORIZED AS ENGINEERING, PERMITS AND OTHER ASSOCIATED FEES. THERE IS NOT A FOOTNOTE IN THE FINANCIAL STATEMENTS FOR THE CONSERVATION EASEMENTS. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO ALLOW THE SCHOOL TO CONTINUE TO CARRY OUT ITS MISSION OF PROVIDING EXTRAORDINARY EDUCATION FOR ITS STUDENTS. THE ENDOWMENT SUPPORTS CURRENT OPERATIONS AND HELPS SECURE FINANCIAL STABILITY AS THE SCHOOL ENTERS ITS SECOND CENTURY. PART X, LINE 2: ASC 740, INCOME TAXES (ASC 740), 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 REALIZED UPON ULTIMATE SETTLEMENT. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURE AS A COMPONENT OF INCOME TAX EXPENSE. THE SCHOOL DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 30, 2014 AND 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP CONTRACT 7,642. NET SPECIAL EVENTS INCOME NETTED ON FINANCIAL STATEMENTS 10,352. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCAL STATEMENT 1,081,939. FINANCIAL ASSISTANCE GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENT 4,967,848. LOSS ON DISPOSAL OF FIXED ASSETS AND CIP ABANDONMENT -569,205. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 10,352. LOSS ON DISPOSAL OF FIXED ASSETS AND CIP ABANDONMENT 569,205. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED WITH EXPENSES ON FINANCIAL STATEMENT 4,967,848. FINANCIAL ASSISTANCE GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENT 1,081,939. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SCHOOL IS ALIGNED WITH AIMS (A CONSORTIUM OF INDEPENDENT SCHOOLS) AND ADVERTISES THROUGH THEM. ALL ADS AND SCHOOL LITERATURE STATE THE NON-DISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 THE PARK SCHOOL RECEIVES FEDERAL FUNDS FROM THE E-RATE PROGRAM THAT SUBSIDIZES PHONE, INTERNET, AND WEBSITE SERVICES. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENTS 3444369 0 0 0 0 0 0 3444369 0 3444369 0 0 1 0 1 0 GOLF TOURNAMENT 22632 22632 10352 22632 22632 10352 10352 12280 1 FINANCIAL ASSISTANCE TO STUDENTS 265 4967848 EXPLANATION FAMILIES RECEIVING FINANCIAL ASSISTANCE MUST GO THROUGH AN EXTENSIVE APPLICATION PROCESS. THEIR FINANCIAL AID AWARD IS DETERMINED BASED ON MULTIPLE FACTORS INCLUDING AMONG OTHERS, INCOME, ASSETS, AND LIABILITIES. FAMILIES MUST RE-APPLY FOR EACH SCHOOL YEAR. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DAN PARADIS HEAD OF SCHOOL 199054 0 0 0 39092 0 12993 0 33242 0 284381 0 0 0 JOAN WEBBER DIRECTOR OF FINANCE & OP 158639 0 0 0 17500 0 10568 0 8273 0 194980 0 0 0 BETSY LEIGHTON ASSOCIATE HEAD OF SCHOOL 126973 0 0 0 17500 0 8668 0 19495 0 172636 0 0 0 ROGER SEIDENMAN DIRECTOR OF DEVELOPMENT 136405 0 0 0 17500 0 9234 0 49340 0 212479 0 0 0 PART I, LINE 1A DAN PARADIS, HEAD OF SCHOOL, IS THE ONLY EMPLOYEE RECEIVING ANY OF THESE BENEFITS. THESE BENEFITS ARE INCLUDED IN DAN PARADIS'S W-2 TAXABLE COMPENSATION AND ARE PART OF HIS COMPENSATION PACKAGE. THE VALUE OF THE HOUSING ALLOWANCE IS $21,592. A MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AUTHORITY (MHHEFA) 520936091 NONEAVAIL 2010-12-01 14590000 REFUNDING OF 2000 AND 2002 BONDS 0 0 0 A 2629114 14590000 14590000 2011 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 1 SUNTRUST 10.000000000000 0 0 0 0 0 A 1 DAN PARADIS MR. PARADIS IS THE HEAD OF SCHOOL FOR THE ORGANIZATION. PERSONAL LOAN FOR HOME X 100000 75000 0 1 1 75000 6900 FINANCIAL AID EDUCATION X 5 92029 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 DANIEL HIRSCHHORN AND SARAH HIRSCHHORN SHAPIRO ARE SIBLINGS AND BOTH ARE MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE HEAD OF SCHOOL, DIRECTOR OF FINANCE & OPERATIONS, THE TREASURER OF THE BOARD OF TRUSTEES AND THE PRESIDENT OF THE BOARD OF TRUSTEES REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS AND MADE AVAILABLE TO THE ENTIRE GOVERNING BODY. BOARD MEMBERS ARE NOTIFIED WHEN THE 990 IS COMPLETE AND AVAILABLE IN THE BUSINESS OFFICE FOR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY READ AND SIGN THE CONFLICT OF INTEREST POLICY AND TO DISCLOSE, IF NECESSARY, ANY CONFLICTS THEY HAVE. AT THE BEGINNING OF EACH FISCAL YEAR, ALL SENIOR MANAGEMENT AND ALL COMMITTEE MEMBERS, BOARD OF TRUSTEES OR OTHERWISE, RECEIVE THE CONFLICT OF INTEREST POLICY. THEY ARE GATHERED BY THE HEAD OF SCHOOL'S ASSISTANT TO ASCERTAIN THAT ONE HAS BEEN RECEIVED BY EACH PERSON. THE POLICY PROVIDES A DEFINITION OF A CONFLICT OF INTEREST AND STATES THE INDIVIDUAL'S RESPONSIBILITY FOR DISCLOSING CONFLICTS. GENERALLY, MEMBERS SELF-IDENTIFY IF AND WHEN ONE SHOULD ARISE. IF THEY ARE UNCERTAIN AS TO WHETHER OR NOT A CONFLICT ACTUALLY EXISTS, THEY WILL CONSULT WITH THE COMMITTEE CHAIR OR STAFF MEMBER, OR THEY MAY ASK THE COMMITTEE. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL RECUSES HIMSELF FROM THE CONVERSATION AS TO NOT INFLUENCE THE DECISIONS OR RECOMMENDATIONS MADE BY THE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 A REVIEW IS PERFORMED BY THE SCHOOL COUNCIL AND EXECUTIVE COMMITTEE OF THE BOARD TO DETERMINE COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES. NAIS AND AIMS PROVIDE PEER SCHOOL INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 THE PARK SCHOOL OF BALTIMORE'S FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.COM. THE PARK SCHOOL OF BALTIMORE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP ON LONG TERM DEBT 7,642. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE PARK SCHOOL PARENTS ASSOCIATION INC 2425 OLD COURT ROAD BALTIMORE MD 21208 237280445 COMMUNICATIONS, PARENT EDUCATION, COMMUNITY SUPPORT, SPECIAL PROJECTS MD 501(C)(3) LINE 11C, III-FI NONE 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 THE PARK SCHOOL PARENTS ASSOCIATION INC C 8250 CASH