2015-05-11T13:22:49-05:00 2014-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2013-07-01 526001577 MCDONOGH SCHOOL INCORPORATED MCDO 4103630600 PO BOX 380 OWINGS MILLS MD 211170380 JOHN WEBER VP OF FINANCE & ADMINISTRATION 4103630600 2015-05-07 1 LORI S BURGHAUSER P00370694 4104031500 2015-05-06 2013 2016-02-25 16:41:14Z JOHN WEBER PO BOX 380 OWINGS MILLS MD 211170380 107344311 0 X WWW.MCDONOGH.ORG X 1873 MD PROVIDE EXCEPTIONAL EDUCATION INSPIRING A PASSION FOR LEARNING & GROWTH & A COMMITTMENT TO EXCELLENCE. 29 29 924 200 59342 0 8142375 14713117 35958972 37650146 4406054 6984838 565440 257031 49072841 59605132 7188985 7641565 0 0 24746752 25598140 0 61715 1272715 13417093 14910208 45352830 48211628 3720011 11393504 214586416 223874590 74957613 65039581 139628803 158835009 X SITUATED ON A BEAUTIFUL 800 ACRE CAMPUS IN OWINGS MILLS MD, MCDONOGH SCHOOL IS A COEDUCATIONAL, COLLEGE PREPARATORY, INDEPENDENT K-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 41607263 7641565 37874700 MCDONOGH SCHOOL IS A HIGHLY REGARDED COEDUCATIONAL, INDEPENDENT SCHOOL WITH APPROXIMATELY 1,300 STUDENTS IN 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. 41607263 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 171 0 924 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 JOHN WEBER 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 ROBERT W BLACK III MEMBER 1.00 0.00 X 0 0 0 H STACEY BOYER MEMBER 1.00 0.00 X 0 0 0 ADAM J BROOKS MEMBER 1.00 0.00 X 0 0 0 HENRY G CHILES JR USNR MEMBER 1.00 0.00 X 0 0 0 CURTIS H CORNWELL MEMBER 1.00 0.00 X 0 0 0 SCOTT E DORSEY MEMBER 1.00 0.00 X 0 0 0 JUDITH FADER MEMBER 1.00 0.00 X 0 0 0 JAMES P GRANT III 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 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 WILLIAM J PATERAKIS MEMBER 1.00 0.00 X 0 0 0 HENRY A ROSENBERG JR MEMBER 1.00 0.00 X 0 0 0 RICHARD B SILBERSTEIN MEMBER 1.00 0.00 X 0 0 0 PATRICIA R STEPHENS 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 VERNON HC WRIGHT MEMBER 1.00 0.00 X 0 0 0 CHARLES W BRITTON HEADMASTER 40.00 0.00 X 373103 0 59513 LAWRENCE E JOHNSTON VP FINANCE & ADMIN 40.00 0.00 X 165300 0 30618 JOHN BRAD SHELLEY DIRECTOR OF DEVELOPMENT 40.00 0.00 X 160793 0 29319 KIRSTEN ADAMS HEAD OF UPPER SCHOOL 40.00 0.00 X 145730 0 27794 TIMOTHY FISH ASSOC HEADMASTER 40.00 0.00 X 143054 0 49831 WILLIAM RUSH HEAD OF SUMMER CAMP 40.00 0.00 X 127788 0 31712 NOREEN LIDSTON HEAD OF LOWER SCHOOL 40.00 0.00 X 127888 0 25383 CEIL MILLAR UPPER SCHOOL TEACHER 40.00 0.00 X 122506 0 22576 1366162 0 276746 13 0 1 0 MULLAN CONTRACTING CO 2330 WEST JOPPA ROAD SUITE 210 LUTHERVILLE MD 21093 CONSTRUCTION 6247912 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLE MD 21093 FOOD SERVICES 1635703 THOS MOSER CABINETMAKERS 72 WRIGHTS LANDING AUBURN ME 04210 CONSTRUCTION 539181 WF MILLER CO 106 LONGDALE ROAD TIMONIUM MD 21093 CONSTRUCTION 370184 ARIOSA & COMPANY LLC 16 STENERSON LA 3A HUNT VALLEY MD 21030 MECHANICAL SERVICES - HVAC 344911 15 24619 14688498 750725 14713117 TUITION AND FEES 611710 33766434 33766434 INSTRUCTIONAL CAMPS 611710 2353662 2353662 STUDENT SUPPORT 611710 592795 592795 HORSE SHOWS 611710 359993 359993 CAMPUS HOUSING 611710 247145 247145 330117 330117 37650146 1113912 59342 1054570 531057 527874 3183 3183 3183 52910688 46827571 212191 6083117 -212191 5870926 5870926 200837 171543 29294 29294 MISCELLANEOUS REVENUE 611710 224554 224554 224554 59605132 37874700 59342 6957973 7641565 7641565 818646 318478 438453 61715 20126805 17119899 2234327 772579 935070 793408 105611 36051 2279899 1944713 248106 87080 1499435 1252187 187829 59419 55494 55494 59209 59209 62743 62743 34785 34785 233321 122179 94272 16870 320344 320344 2574588 2574588 85259 45629 25796 13834 786316 786316 2460713 2460713 388178 388178 STUDENT SUPPORT 4191535 4191535 INSTRUCTION 1053655 1053655 PROVISION FOR PLANT REN 975298 975298 BAD DEBTS 312677 312677 1316093 14423 1076503 225167 48211628 41607263 5331650 1272715 11438 25677283 21441218 9220971 5751684 593264 628190 280159 305172 890854 821911 106822135 28808809 66269877 78013326 76884562 79906360 24310840 26095065 10458606 10900226 214586416 223874590 1700291 1703873 10865335 10806416 50663835 49814164 11728152 2715128 74957613 65039581 X 84331943 89821710 8858188 16114949 46438672 52898350 139628803 158835009 214586416 223874590 X 11393504 8019246 -206544 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48150087 9354072 6355737 1093777 62766119 43440460 975397 6581606 2857376 48150087 40476120 363027 2601313 43440460 36425784 54650 3995686 40476120 34310659 35019 2080106 36425784 0.14350 0.84280 0.01370 0 0 76038 76038 79337662 18376941 60960721 8264686 4826341 3438345 19143749 5605527 13538222 78013326 COMMONFUND CAPITAL PRIVATE EQUITY PART V LP 1026941 F COMMONFUND CAPITAL PRIVATE EQUITY PART VII LP 1544473 F COMMONFUND GLOBAL ABSOLUTE ALPHA 5424528 F ENDOWMENT VENTURE PARTNERS V 525878 F GOLDMAN SACHS HEDGE FUND 5833082 F PINE GROVE OFFSHORE FUND LTD. 5687306 F PINE STREET ASSOCIATES LTD PARTNERSHIP 6052857 F 26095065 ANNUITIES PAYABLE 1315031 INTEREST RATE SWAP 340367 CONSTRUCTION FEES PAYABLE 1059730 2715128 X 60625134 8019246 719764 8739010 51886124 7719008 7719008 59605132 41418928 911608 911608 40507320 7704308 7704308 48211628 PART V, LINE 4: THE SCHOOL'S ENDOWMENTS CONSIST OF VARIOUS FUNDS ESTABLISHED TO SUPPORT A VARIETY OF SCHOLARSHIPS AT THE SCHOOL. DURING THE YEAR ENDED JUNE 30, 2014, THE SCHOOL DETERMINED THAT CERTAIN NET ASSETS HAD BEEN RECORDED IN AN INCORRECT NET ASSET CATEGORY (I.E. PERMANENTLY, TEMPORARILY AND UNRESTRICTED NET ASSETS). THE SCHOOL REVIEWED AVAILABLE DOCUMENTATION TO DETERMINE THE INITIAL INTENT OF THE DONOR AND/OR THE BOARD TO QUANTIFY THE REQUIRED ADJUSTMENTS. A PORTION OF THE RESTATEMENT AFFECTED NET ASSET CLASSIFICATION OF DONOR-RESTRICTED ENDOWMENT FUNDS BECAUSE THE ENDOWMENT FUNDS ARE A SUBSET OF NET ASSETS. THE ADJUSTMENT WAS MADE TO THE CURRENT YEAR CONTRIBUTIONS TO SHOW THE CORRECT AMOUNT OF TOTAL ENDOWMENT ASSETS AFTER THE RESTATEMENT FOR THE YEAR ENDED JUNE 30, 2014. 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, 2014 AND 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN MARKET VALUE OF INTEREST RATE SWAP -191,844. SCHOOL STORE EXPENSES NETTED WITH SCHOOL STORE REVENUE 171,543. RENTAL EXPENSES NETTED WITH RENTAL INCOME 527,874. LOSS ON SALE OF ASSETS 212,191. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED WITH INVESTMENT REVENUE 62,743. FINANCIAL AID EXPENSE NETTED WITH REVENUE 7,641,565. NONCURRENT LOAN WRITE OFF NETTED WITH REVENUE 14,700. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOOL STORE EXPENSES NETTED WITH SCHOOL STORE REVENUE 171,543. RENTAL EXPENSES NETTED WITH RENTAL INCOME 527,874. LOSS ON SALE OF ASSETS 212,191. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED WITH INVESTMENT REVENUE 62,743. FINANCIAL AID EXPENSE NETTED WITH REVENUE 7,641,565. 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 16944916 0 0 0 0 0 0 16944916 0 16944916 1 0 1 1 0 0 1 SCHOLARSHIP GRANTS 396 7641565 CASH GRANTED PART I, LINE 2: SCHOLARSHIPS ARE GRANTED BASED ON FINANCIAL NEED AND SCHOLASTIC APTITUDE. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 CHARLES W BRITTON HEADMASTER 372413 0 0 0 690 0 15938 0 43575 0 432616 0 0 0 LAWRENCE E JOHNSTON VP FINANCE & ADMIN 161490 0 0 0 3810 0 12144 0 18474 0 195918 0 0 0 JOHN BRAD SHELLEY DIRECTOR OF DEVELOPMENT 160682 0 0 0 111 0 0 0 29319 0 190112 0 0 0 KIRSTEN ADAMS HEAD OF UPPER SCHOOL 145591 0 0 0 139 0 9844 0 17950 0 173524 0 0 0 TIMOTHY FISH ASSOC HEADMASTER 142604 0 0 0 450 0 10850 0 38981 0 192885 0 0 0 WILLIAM RUSH HEAD OF SUMMER CAMP 126808 0 0 0 980 0 7904 0 23808 0 159500 0 0 0 NOREEN LIDSTON HEAD OF LOWER SCHOOL 126265 0 0 0 1623 0 9409 0 15974 0 153271 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. KIRSTEN ADAMS, HEAD OF UPPER SCHOOL - $10,192. TIMOTHY FISH, ASSOCIATE HEADMASTER - $13,546. JOHN BRAD SHELLEY, DIRECTOR OF DEVELOPMENT - $2,077. 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 11800000 55000 2013 1 0 1 1 B 38662174 697687 457748 37574667 2014 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 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 X 22 699825 FAIR MARKET VALUE X EQUIPMENT 1 50900 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND IS DISTRIBUTED TO THE ENTIRE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C COPIES OF THE CONFLICT OF INTEREST POLICY ARE SUBMITTED TO EVERYONE TO REVIEW, SIGN OFF ON, AND GIVE TO THE VICE PRESIDENT FOR REVIEW. THE CONFLICT OF INTEREST POLICY IS ANNUALLY REVIEWED BY THE VICE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 FOR DETERMINING COMPENSATION FOR BOTH OFFICERS AND KEY EMPLOYEES, MCDONOGH SCHOOL USES PEER DATA PROVIDED BY BOTH AIMS (ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS) AND NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS) FOR COMPARIBILITY PURPOSES. THE INDEPENDENT BOARD HIRES THE HEADMASTER WHO THEN HIRES OTHER TOP MANAGEMENT OFFICIALS. 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 -191,844. NONCURRENT LOAN WRITE OFF NETTED WITH REVENUE -14,700. 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 -1806 16342 MCDONOGH SCHOOL INCORPORATED MCDONOGH PARENTS ASSOCIATION PO BOX 380 OWINGS MILLS MD 21117 526019724 TO SUPPORT MCDONOGH SCHOOL MD 501(C)(3) 11 0 FOLIOCOLLABORATIVE INC PO BOX 380 OWINGS MILLS MD 21117 454958018 SCHOOL PERFORMANCE APPRAISAL SOFTWARE MD 501(C)(3) 9 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