2014-04-03T08:22:19-05:00 2013-06-30 411944416 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2012-07-01 536019409 SHERIDAN SCHOOL INC SHER 2023627900 4400 36TH ST NW WASHINGTON DC 20008 ADELE PAYNTER 2023627900 2014-03-20 1 WILLIAM E TURCO CPA P00369217 3012963600 2012 2015-11-30 17:44:51Z ADELE PAYNTER 4400 36TH ST NW WASHINGTON DC 20008 10616990 0 X WWW.SHERIDANSCHOOL.ORG X 1961 DC EDUCATIONAL SERVICES TO CHILDREN FROM KINDERGARTEN THROUGH EIGHTH GRADE. 19 19 201 150 5626 568 826061 541534 7806597 8192669 -71882 309415 82530 67476 8643306 9111094 797951 828440 0 0 5609431 5905091 0 0 184693 2273931 2271658 8681313 9005189 -38007 105905 10086558 10019987 3721048 3329504 6365510 6690483 X TO CREATE AN INCLUSIVE, VIBRANT LEARNING COMMUNITY. WE TAKE JOY IN LEARNING, SHOW KINDNESS AND EMPATHY TOWARDS OTHERS, EMBRACE NEW EXPERIENCES AND IDEAS, AND CONTINUALLY SEEK A DEEPER AND FULLER UNDERSTANDING OF THE WORLD. WE SEEK TO INSPIRE SELF-KNOWLEDGE, INTELLECTUAL DISCIPLINE AND PERSONAL INTEGRITY IN OUR COMMUNITY MEMBERS. AT BOTH OUR CITY AND MOUNTAIN CAMPUSES, THE SHERIDAN COMMUNITY CHALLENGES ITSELF TO LIVE THE IDEAL OF RESPECT FOR ONESELF, OTHERS, AND THE ENVIRONMENT. 0 0 5213168 785225 6835587 EDUCATION PROGRAM TO APPROXIMATELY 233 CHILDREN FROM KINDERGARTEN TO GRADE EIGHT. WE SEEK TO NURTURE AND CHALLENGE CHILDREN THROUGH A COLLECTION OF ACADEMIC SUBJECTS AND ENRICHING ACTIVITIES THAT ENCOURAGE CHILDREN TO TAKE RESPONSIBILITY FOR THEIR LEARNING AND SOCIAL DEVELOPMENT. 569408 680593 SUMMER CAMP PROGRAM TO APPROXIMATELY 564 CHILDREN AGES 3 TO 16. CHILDREN DEVELOP NEW SKILLS, SPECIAL TALENTS, EMERGING INTERESTS, AND SELF-CONFIDENCE BY EXPLORATION AND CELEBRATION OF THE VISUAL ARTS, PERFORMING ARTS, CULINARY ARTS, AND SPORTS. 542729 359174 OUTDOOR EDUCATION PROGRAM TO APPROXIMATELY 1,379 CHILDREN AGES 5 TO 18. CHILDREN DEVELOP OUTDOOR ADVENTURE SKILLS AND ENGAGE IN EXPERIMENTAL EDUCATION ACTIVITIES IN ENVIRONMENTAL STEWARDSHIP, ECOLOGY, TEAMWORK, AND GOAL SETTING. 349049 43215 317315 AFTER SCHOOL PROGRAM 349049 43215 317315 6674354 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 46 0 1 201 1 1 1 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 DC X MIKE STOLL 2023627900 4400 36TH ST NW WASHINGTON DC 20008 TRACY DAVIS 6.00 X X 0 0 0 MELINDA HOLMES 5.00 X X 0 0 0 GABRIELLE KOEPPEL 5.00 X X 0 0 0 NICK NETCHVOLODOFF 5.00 X X 0 0 0 STEFANIE BERRY STARK 4.00 X X 0 0 0 BETH CAMPBELL 4.00 X 0 0 0 CLAY KAUFMAN 4.00 X 0 0 0 FREDERICK SCARBORO 4.00 X 0 0 0 IRENE BUENO 4.00 X 0 0 0 JILL EYNON 4.00 X 0 0 0 JODI TRULOVE 4.00 X 0 0 0 JOHN GOODMAN 4.00 X 0 0 0 JOHN MCCORMICK 4.00 X 0 0 0 LEAH SKRINE 4.00 X 0 0 0 LINDY KEARNS 4.00 X 0 0 0 MAUREEN MINEHAN 4.00 X 0 0 0 MEYER KESTNBAUM 4.00 X 0 0 0 TERRI JUDGE 4.00 X 0 0 0 TREVOR LEE 4.00 X 0 0 0 CHARLES R PLUMMER 40.00 X 335557 0 20907 MICHAEL J STOLL 40.00 X 150425 0 15107 ADELE PAYNTER 40.00 X 102705 0 10785 SCOTT L COHEN 40.00 X 106960 0 6333 695647 0 53132 4 0 1 0 RIDGEWELLS 5525 DORSEY LANE BETHESDA MD 20816 CATERING 273085 1 45413 496121 22185 541534 TUITION & FEES 900099 8192669 8192669 8192669 91478 91478 2402 0 2402 2402 2402 1639706 37909 1417237 42441 222469 -4532 217937 217937 85842 45413 43826 42016 42016 2802 2392 410 410 OTHER INCOME 900099 17022 17022 ADULT FITNESS CLASS 713940 5626 5626 22648 9111094 8192669 5626 371265 828440 828440 538650 538650 4480822 3806663 553861 120298 190028 129739 54421 5868 324261 266540 51528 6193 371330 295701 66262 9367 43214 43214 31200 31200 24674 24674 510878 407658 94683 8537 20284 14568 5541 175 534842 390059 128113 16670 33070 14817 13517 4736 306545 240238 59450 6857 104165 92361 11642 162 69043 63080 4118 1845 49539 49539 295508 295508 50609 8248 42361 BAD DEBTS 67057 65692 1365 EQUIPMENT 49131 38065 9656 1410 MAINTENANCE 25155 19241 5387 527 ENTRANCE FEES 23072 20195 2877 33672 14067 18922 683 9005189 6674354 2146142 184693 1700 1700 806035 702264 624203 460455 137354 147818 20 602 3828 1404 129622 100780 9232447 4214653 5181322 5017794 2583324 2947907 618568 639845 10086558 10019987 631960 724879 1464144 1269263 1495855 1287227 129089 48135 3721048 3329504 X 5058653 5292581 193173 228938 1113684 1168964 6365510 6690483 10086558 10019987 X 105905 121114 97954 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4209781 132151 374961 212588 4504305 3963920 416114 -9497 160756 4209781 3022902 540317 600854 200153 3963920 2772268 15281 391795 156442 3022902 3604571 56003 -664999 223307 2772268 0.72990 0.25950 0.01060 0 0 217056 217056 7929184 3373657 4555527 1086207 840996 245211 5017794 60,429.585-METROPOLITAN WEST TOT RT BD 639845 F 639845 INTEREST RATE SWAP AGREEMENTS 31135 DEFERRED COMPENSATION PAYABLE 17000 48135 X 8445321 121114 -828440 -707326 9152647 2273 -43826 -41553 9111094 8218302 43826 43826 8174476 2273 828440 830713 9005189 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE EARNINGS FROM INVESTING OF ENDOWMENT FUNDS WILL BE USED TO PROVIDE NEED-BASED SCHOLARSHIPS AND SUPPORT PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE SCHOOL HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) NOT TO BE A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. FOR THE YEAR ENDED JUNE 30, 2013, THE SCHOOL HAD NO TAXABLE UNRELATED BUSINESS INCOME, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. DEFERRED TAXES ARE PROVIDED ON A LIABILITY METHOD, WHEREBY, DEFERRED TAX ASSETS ARE RECOGNIZED FOR DEDUCTIBLE TEMPORARY DIFFERENCES AND OPERATING LOSS AND TAX CREDIT CARRYFORWARDS, AND DEFERRED TAX LIABILITIES ARE RECOGNIZED FOR TAXABLE TEMPORARY DIFFERENCES. TEMPORARY DIFFERENCES ARE THE DIFFERENCES BETWEEN THE REPORTED AMOUNTS OF ASSETS AND LIABILITIES AND THEIR TAX BASES. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF THE DEFERRED TAX ASSETS WILL NOT BE REALIZED. DEFERRED TAX ASSETS AND LIABILITIES ARE ADJUSTED FOR THE EFFECTS OF CHANGES IN TAX LAWS AND RATES ON THE DATE OF ENACTMENT. THE SCHOOL ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION REVENUE -828,440. PART XI, LINE 4B - OTHER ADJUSTMENTS: AUCTION EXPENSES REPORTED ON LINE 8B -43,826. PART XII, LINE 2D - OTHER ADJUSTMENTS: AUCTION EXPENSES REPORTED ON LINE 8B 43,826. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION REVENUE 828,440. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE RACIAL NONDISCRIMINATION POLICY IS PUBLICIZED THROUGH PRINTED MATERIALS AND PERIODIC ADVERTISEMENTS. AUCTION 131255 45413 85842 6500 37326 131255 45413 85842 6500 37326 43826 42016 1 FINANCIAL AID 46 828440 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS ARE AWARDED ON THE BASIS OF FINANCIAL NEED. RECIPIENT'S FAMILY MUST SUBMIT AN APPLICATION FOR FINANCIAL ASSISTANCE, WHICH IS REVIEWED BY AN INDEPENDENT SERVICE. THE INDEPENDENT SERVICE'S RECOMMENDATIONS ARE THEN EVALUATED BY THE SCHOOL'S FINANCIAL AID COMMITTEE. X X X 0 0 0 0 0 0 0 0 0 CHARLES R PLUMMER 325942 0 0 0 9615 0 9988 0 12841 0 358386 0 0 0 MICHAEL J STOLL 150425 0 0 0 0 0 7530 0 7606 0 165561 0 0 0 RANDY PLUMMER HEAD OF SCHOOL/OFFICER SALARY ADVANCE X 20 20 0 0 0 20 FORM 990, PART VI, SECTION A, LINE 4 THE CHANGES TO THE BY-LAWS WERE: 1. REVISED THE STANDING COMMITTEES OF THE BOARD AND THEIR JOB DESCRIPTION OR CHARGE. THE STANDING COMMITTEES CONSIST OF THE EXECUTIVE COMMITTEE, FINANCE COMMITTEE, COMMITTEE ON TRUSTEES, DEVELOPMENT COMMITTEE, EDUCATION COMMITTEE, AUDIT COMMITTEE, AND DIVERSITY COMMITTEE. 2. CLARIFY LIMITS OF A TRUSTEE'S TERM OF OFFICE TO A ONE TIME RENEWAL TERM OF NO MORE THAN THREE YEARS. TRUSTEES WHO HAVE SERVED A MAXIMUM OF SIX CONSECUTIVE YEARS SHALL UNDER SPECIAL CIRCUMSTANCES BE ELIGIBLE FOR A ONE TIME RENEWAL OF ONE YEAR. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING THE DRAFT FORM 990, THE MANAGEMENT TEAM, CONSISTING OF THE CONTROLLER, DIRECTOR OF FINANCE, AND TREASURER, REVIEWS THE DRAFT FORM 990 PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. THEN THE BOARD OF TRUSTEES REVIEWS THE DRAFT FORM 990. THE BOARD OF TRUSTEES DELEGATED THE REVIEW OF FORM 990 TO THE AUDIT COMMITTEE, THE MEMBERSHIP OF WHICH INCLUDES TRUSTEES WITH PRACTICAL AND/OR PROFESSIONAL EXPERTISE IN NONPROFIT MANAGEMENT, ACCOUNTING, AND FEDERAL TAX LAW GOVERNING EXEMPT ORGANIZATIONS. BEFORE THE ORGANIZATION SUBMITTED FORM 990 TO THE IRS, THE AUDIT COMMITTEE REPORTED TO THE BOARD OF TRUSTEES THAT THE AUDIT COMMITTEE HAD, TO THE BEST OF ITS ABILITY, DETERMINED THAT THE DRAFT FORM 990 WAS COMPLETE, ACCURATE AND CORRECT. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. BEFORE ANY VOTE BY THE BOARD, A TRUSTEE IS OBLIGATED BY THE TRUSTEES PRINCIPLES OF GOOD PRACTICE TO DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST. ANY TRUSTEE WHO IS UNCERTAIN WHETHER HE OR SHE HAS A CONFLICT OF INTEREST IN ANY MATTER MAY REQUEST THE BOARD TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND THE BOARD SHALL RESOLVE THE QUESTION BY MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY, A REVIEW OF THE PERFORMANCE OF THE HEAD OF SCHOOL IS CARRIED OUT BY A COMMITTEE CONSISTING OF THE CHAIR OF THE BOARD, OFFICERS OF THE CORPORATION, AND THE CHAIRS OF EACH STANDING COMMITTEES. FOLLOWING THE PERFORMANCE REVIEW, THE COMMITTEE REVIEWS THE HEAD OF SCHOOL'S COMPENSATION, INCLUDING THE USE OF COMPARABLE COMPENSATION DATA OF PEER SCHOOL, AND RECOMMEND EXTENSION, WITH OR WITHOUT CHANGE IN COMPENSATION, FOR ONE OR MORE YEARS, OR TERMINATION, OF THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT. THE RECOMMENDATION OF THE COMMITTEE IS PRESENTED TO THE FULL BOARD OF TRUSTEES FOR THEIR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS OF THE SCHOOL ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: GAIN (LOSS) FROM INTEREST RATE SWAPS 97,954.