2013-02-08T15:51:46-06:00 2012-06-30 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2011-07-01 540673568 THE LANGLEY SCHOOL INC LANG 7033561920 1411 BALLS HILL ROAD MCLEAN VA 221013499 ROBERT KUKLEWICZ 7033561920 2013-02-08 1 WILLIAM E TURCO CPA P00369217 3012963600 2011 2016-02-25 16:41:14Z THE LANGLEY SCHOOL DORIS COTTAM 1411 BALLS HILL ROAD MCLEAN VA 221013499 26249163 0 X WWW.LANGLEYSCHOOL.ORG X 1942 VA TO PROVIDE EDUCATION TO PRESCHOOL THROUGH 8TH GRADE STUDENTS. 16 16 182 100 0 0 2524361 5949783 13666711 14648276 150854 43825 216502 115839 16558428 20757723 901651 1111971 0 0 8656155 9072842 0 345000 581421 3911329 4499525 13469135 15029338 3089293 5728385 39045146 43869130 17852567 17229099 21192579 26640031 X WE BELIEVE THAT EACH CHILD'S POTENTIAL IS BOUNDLESS AND EVERY CHILD CAN ACT WITH INTEGRITY, GENEROSITY, AND CONSIDERATION FOR OTHERS. WE REACH ACROSS MULTIPLE DISCIPLINES TO DISCOVER, AMPLIFY, AND EMBRACE THE TALENTS OF EVERY CHILD, EVERY DAY. BY NURTURING, SUPPORTING, AND ACADEMICALLY CHALLENGING OUR STUDENTS, OUR INCLUSIVE COMMUNITY BUILDS QUIETLY CONFIDENT, INDEPENDENT THINKERS WHO FLOURISH AS LEARNERS AND INDIVIDUALS. 0 0 10440583 1111971 14648276 OPERATION OF A PRIVATE SCHOOL FOR GRADES PRESCHOOL THROUGH 8TH SERVING OVER 498 STUDENTS. 10440583 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 19 0 1 182 1 0 0 0 0 0 1 1 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 VA X ROBERT KUKLEWICZ 7033561920 1411 BALLS HILL ROAD MCLEAN VA 221013499 JOHN CLARKE 2.00 X X 0 0 0 JENNIFER CHOI 2.00 X X 0 0 0 LESLIE SARASIN 2.00 X X 0 0 0 JAMES BAKER 2.00 X 0 0 0 LEE CAROL COOK 2.00 X 0 0 0 CHRISTA DAVIDSON 2.00 X 0 0 0 SUSAN DEMARCO 2.00 X 0 0 0 ROBERT DENTON 2.00 X 0 0 0 STEVE DUSSEK 2.00 X 0 0 0 MICHELLE OLSON 2.00 X 0 0 0 MICHAEL MENDLER 2.00 X 0 0 0 GEOFF PENCE 2.00 X 0 0 0 RITA ROY 2.00 X 0 0 0 FRED SINGER 2.00 X 0 0 0 SPENCER STOUFFER 2.00 X 0 0 0 GLENN YOUNGKIN 2.00 X 0 0 0 DORIS COTTAM 40.00 X 375737 0 30441 ROBERT KUKLEWICZ 40.00 X 179249 0 21030 WARREN SARASIN 40.00 X 135538 0 12109 SUSAN ATKINSON 40.00 X 117768 0 17998 JAMES GLEASON 40.00 X 110691 0 27654 KURT KLUNDER 40.00 X 104643 0 8364 MARGARET LAURENT 40.00 X 100613 0 26249 1124239 0 143845 9 0 1 0 MILLER BROTHERS INC 7587 CAPITOL WAY MARSHALL VA 20115 CONSTRUCTION 354157 COMMUNITY COUNSELLING SERVICE PO BOX 27462 NEW YORK NY 100877462 FUNDRAISING CONSULTANT 345000 FAIRFAX FOOD SERVICE & CATERERS 8352-F TERMINAL ROAD NEWINGTON VA 22122 LUNCH SERVICE 245754 REED SMITH LLP 1301 K STREET NW WASHINGTON DC 200053373 LEGAL SERVICES 229000 K & S MANAGEMENT AND SUPPLY INC 2110-B GALLOWS ROAD VIENNA VA 22182 CUSTODIAL SERVICES 190988 8 78700 5871083 199220 5949783 TUITION FEES 900099 14061696 14061696 AUXILLIARY SERVICES 900099 586580 586580 14648276 38774 38774 5359812 5354761 5051 5051 5051 252418 78700 136679 115739 115739 OTHER INCOME 900099 100 100 100 20757723 14648276 0 159664 1111971 1111971 605807 367930 235358 2519 6790972 4125607 2648999 16366 499080 290047 198439 10594 641805 421919 202181 17705 535178 350143 183718 1317 102953 102953 55275 55275 345000 345000 273308 201824 71484 66457 62113 4344 580314 429973 147200 3141 180786 138001 42785 616259 616259 340955 323272 17683 12041 12041 197244 197244 1037313 1037313 73273 73273 FOOD SERVICE 250765 250765 OTHER EXPENSE 174761 6911 167850 AMORTIZATION 144152 144152 PROFESSIONAL DEVELOPMEN 96218 80660 15558 297451 218117 62405 16929 15029338 10440583 4007334 581421 500 508 13998771 15201980 2644341 5993890 60639 671488 418804 368525 28895383 10455168 17807174 18440215 4002034 2879796 112883 312728 39045146 43869130 1209736 1000636 8715061 8984979 4665000 6838858 2958772 303998 404626 17852567 17229099 X 16122135 17961632 2525943 6018469 2544501 2659930 21192579 26640031 39045146 43869130 X 5728385 -280933 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7064675 4895868 2193870 9766673 4685507 2581410 202242 7064675 4118535 872708 305736 4685507 4324896 167637 373998 4118535 0.11140 0.27240 0.61620 0 0 209494 209494 24311569 8454046 15857523 2144242 1281494 862748 2230078 719628 1510450 18440215 INTERST RATE SWAP 404626 404626 20757723 15029338 5728385 -180306 -100627 -280933 5447452 19437677 -180306 -1139740 -1320046 20757723 0 20757723 13889598 0 13889598 1139740 1139740 15029338 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY. INVESTMENT EARNINGS ON THESE AMOUNTS ARE AVAILABLE TO SUPPORT FACULTY DEVELOPMENT, GENERAL ENDOWMENT AND SCHOLARSHIPS. TEMPORARY RESTRICTED INCLUDE DONOR-RESTRICTED FUNDS FOR FINE ART CENTER WHICH ARE ONLY AVAILBLE FOR PROGRAM ACTIVITIES OR GENERAL SUPPORT DESIGNATED FOR FUTURE YEARS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). IN ADDITION, THE SCHOOL HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) NOT TO BE A PRIVATE FOUNDATION. INCOME THAT IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. HOWEVER, THE SCHOOL IS SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME, AS DEFINED BY THE IRS. DURING THE YEAR ENDED JUNE 30, 2012, THE SCHOOL HAD NO TAXABLE UNRELATED BUSINESS INCOME, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL FOLLOWS 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 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN/(LOSS) ON SWAP AGREEMENT -100,627. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT -1,086,335. TUITION REMISSION NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT -53,405. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT 1,086,335. TUITION REMISSION NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT 53,405. 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 AN ADVERTISEMENT WAS PLACED IN THE WASHINGTON POST NEWSPAPER ANNOUNCING THE SCHOOL'S NON-DISCRIMINATION POLICY. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES OVERSEAS TRIPS 106250 0 0 0 0 0 0 106250 0 106250 0 0 0 0 0 0 X X X X X 1 COMMUNITY COUNSELING SERVICES PO BOX 27462 NEW YORK NY 100877462 CAPITAL CAMPAIGN SERVICES 0 1591526 345000 1246526 1591526 345000 1246526 VA FALL FAIR 22106 22106 17249 SPRING AUCTION 309012 78700 230312 119430 331118 78700 252418 136679 136679 115739 1 FINANCIAL AID 102 1086335 SUMMER GRANTS 14 25636 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: A LANGLEY SCHOOL EDUCATION REPRESENTS A SIGNIFICANT FINANCIAL INVESTMENT IN A CHILD'S FUTURE. WE FEEL STRONGLY THAT FINANCIAL CONSIDERATIONS SHOULD NOT BE THE DETERMINING FACTOR IN WHETHER A CHILD ATTENDS THE LANGLEY SCHOOL. FINANCIAL ASSISTANCE IS AVAILABLE TO STUDENTS IN ALL GRADES - PRESCHOOL THROUGH GRADE 8. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DORIS COTTAM 310689 0 20000 0 45048 0 20209 0 11272 0 407218 0 0 0 ROBERT KUKLEWICZ 164125 0 15000 0 124 0 14440 0 7300 0 200989 0 0 0 PART I, LINE 1A DORIS COTTAM - TAXABLE HOUSING ALLOWANCE - $36,000 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 540787833 2011-12-21 7192982 REFINANCE OUTSTAINDING BOND SERIES 2001 0 0 0 510126 7192982 343998 6848984 2011 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 SUNTRUST 9.000000000000 0 0 0 0 0 X X 7 186270 FMV X PIANO 1 12950 APPRAISAL 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION REVIEWS THE FORM 990 THROUGH CAREFUL EXAMINATION BY THE SCHOOL'S CHIEF FINANCIAL OFFICER, CONTROLLER AND HEAD OF SCHOOL, OF THE DETAILS OF THE FORM TO BE FILED. CORRECTIONS OR CHANGES ARE MADE AND THIS GROUP THEN APPROVES THE FINAL COPY TO BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY. THIS IS DONE BY REQUIRING EACH MEMBER OF THE ORGANIZATION'S GOVERNING BODY, ITS BOARD OF DIRECTORS, TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE BEFORE SERVING ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE HEAD OF SCHOOL INCLUDES A REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF THE APPROPRIATE LEVEL OF COMPENSATION THROUGH BENCHMARKING AGAINST PEER SCHOOLS WITHIN THE AREA. DATA IS COLLECTED FROM ASSOCIATIONS WHICH PROVIDE THE SUPPORT IN MAKING THIS FINAL DECISION. FOR ALL OTHER EMPLOYEES, THE HEAD OF SCHOOL, AND DIRECTOR OF HUMAN RESOURCES UTILIZE SIMILAR BENCHMARKS TO DETERMINE APPROPRIATE LEVELS OF COMPENSATION FOR EMPLOYEES. ALL PAYROLL DECISIONS ARE MADE WITHIN THE PARAMETERS OF A BOARD OF TRUSTEES APPROVED FISCAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS INCLUDING THE ORGANIZATION'S BYLAWS, CONFLICT OF INTEREST POLICY, ARE AVAILABLE TO MEMBERS OF THE SCHOOL COMMUNITY THROUGH INSPECTION AT THE SCHOOL'S ADMINISTRATION BUILDING. FINANCIAL STATEMENT SUMMARIES ARE MAILED ANNUALLY TO ALL MEMBERS WITHIN THE SCHOOL'S ANNUAL REPORT AND COPIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -180,306. UNREALIZED GAIN/(LOSS) ON SWAP AGREEMENT -100,627. TOTAL TO FORM 990, PART XI, LINE 5: -280,933.