2013-05-15T15:06:43-05:00 2012-06-30 420714325 MCGLADREY LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2011-07-01 520591516 GARRISON FOREST SCHOOL INC GARR 4103631500 300 GARRISON FOREST SCHOOL OWINGS MILLS MD 21117 WILLIAM S HODGETTS 4103631500 2013-05-13 1 JULIA FLANNERY CPA P00928918 4102469300 2011 2016-02-24 21:20:13Z PETER O'NEILL 300 GARRISON FOREST SCHOOL OWINGS MILLS MD 21117 27279176 0 X WWW.GFS.ORG X 1939 MD AT GARRISON FOREST SCHOOL, WE PREPARE OUR STUDENTS IN AND OUT OF THE CLASSROOM TO THRIVE IN A COMPLEX AND CHANGING WORLD. 30 30 278 150 273318 -81075 4528435 2420709 17425531 17500840 953605 931541 163859 134393 23071430 20987483 2771602 2848631 0 0 10111861 10289230 0 0 891631 8866429 8640823 21749892 21778684 1321538 -791201 76460963 70748286 18239483 14781183 58221480 55967103 X AT GARRISON FOREST SCHOOL, WE PREPARE OUR STUDENTS IN AND OUT OF THE CLASSROOM TO THRIVE IN A COMPLEX, CHANGING WORLD BY: CHALLENGING THEM TO STRIVE FOR ACADEMIC EXCELLENCE AND TO GROW INTO INFORMED, INDEPENDENT, AND CREATIVE THINKERS; CULTIVATING AN AUTHENTIC AND RESILIENT SENSE OF SELF, GROUNDED IN RESPECT AND INTEGRITY; CREATING A DIVERSE AND INCLUSIVE COMMUNITY BUILT ON A SPIRIT OF CARING; INSPIRING YOUNG WOMEN TO LEAD AND TO SERVE WITH PASSION, PURPOSE, AND JOY. 0 0 12473546 15258173 EDUCATIONAL AND GENERAL: INCLUDES INSTRUCTION, STUDENT SUPPORT SERVICES AND PLANT MAINTENANCE TO SERVE 650 STUDENTS AT THE SCHOOL. 3184181 1882206 AUXILIARY ENTERPRISES: INCLUDES STUDENT ACTIVITIES, SUMMER ACTIVITIES AND STABLES. ACTIVITIES ARE AVAILABLE TO ALL STUDENTS. SOME ACTIVITIES ARE AVAILABLE TO THE GENERAL PUBLIC. 15657727 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 100 0 1 278 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X STACY MOHN CONTROLLER 4105593142 300 GARRISON FOREST ROAD OWINGS MILLS MD 21117 DAVID M DIPIETRO 2.00 X X 0 0 0 CARROLL DAWBARN 2.00 X X 0 0 0 AMABEL BOYCE JAMES 2.00 X X 0 0 0 TIMOTHY T WEGLICKI 2.00 X X 0 0 0 EMILY GARDNER BARATTA 2.00 X 0 0 0 DR SARA N BLEICH 2.00 X 0 0 0 FRANK A BONSAL III 2.00 X 0 0 0 ROBERT S BRENNEN 2.00 X 0 0 0 DIANA WARFIELD DALY 2.00 X 0 0 0 TIMOTHY F DANIELS 2.00 X 0 0 0 MATHIAS J DEVITO 2.00 X 0 0 0 JEFFREY W DURKEE 2.00 X 0 0 0 STACY GARRETT-RAY 2.00 X 0 0 0 KIMBERLY W GORDON 2.00 X 0 0 0 MOLLY MUNDY HATHAWAY 2.00 X 0 0 0 SARA LEBRUN INGRAM 2.00 X 0 0 0 CATHERINE Y JACKSON 2.00 X 0 0 0 LILA BOYCE LOHR 2.00 X 0 0 0 IRA H MALIS 2.00 X 0 0 0 DR WILLIAM PARRISH 2.00 X 0 0 0 GREGORY C PINKARD 2.00 X 0 0 0 KARAN POWELL PH D 2.00 X 0 0 0 FRANCES RUSSELL ROCKWELL 2.00 X 0 0 0 R TODD RUPPERT 2.00 X 0 0 0 SARAH CROSBY SCHWEIZER 2.00 X 0 0 0 ELIZABETH B SEARLE 2.00 X 0 0 0 HELEN ZINREICH SHAFER 2.00 X 0 0 0 CAROLINE RINEHART STEWART 2.00 X 0 0 0 ELIZABETH GARLAND WILMERDING 2.00 X 0 0 0 WILLIAM L YERMAN 2.00 X 0 0 0 PETER O'NEILL 40.00 X 274369 0 141140 WILLIAM HODGETTS 40.00 X 160986 0 49984 DEANNA URNER 40.00 X 101028 0 24400 MELINDA BIHN 40.00 X 112904 0 6872 649287 0 222396 4 0 1 0 SAGE DINING SERVICES 222 BOSLEY AVENUE BALTIMORE MD 21204 CONTRACT WORK 835627 GLEN ARM BUILDING CO LLC 658 KENILWORTH DRIVE SUITE 10 TOWSON MD 21204 CONSTRUCTION 323259 2 2420709 336986 2420709 STUDENT TUITION FEES 900099 15695429 15695429 HORSE & STABLE INCOME 713990 729489 456171 273318 SCHOLARSHIPS 900099 201157 201157 EXT. & DAY CARE PROG. 900099 102161 102161 CAFETERIA AND SNACK BA 722210 87143 87143 685461 685461 17500840 478504 478504 149559 3440 146119 146119 146119 5597025 1000706 5144488 1000206 452537 500 453037 453037 131833 143559 -11726 -11726 20987483 17140379 273318 1153077 2848631 2848631 593389 418326 150808 24255 7772104 5025379 2219731 526994 420641 294027 126614 848194 481939 257160 109095 654902 476198 178704 50352 50352 38785 38785 11004 11004 451700 406177 45523 1416026 1189337 166744 59945 298114 40297 257817 988853 988853 39640 20602 19038 11255 11255 288711 126061 162650 1370188 822113 548075 219391 219391 OTHER EXPENSES 1056031 445385 458342 152304 STABLE 821730 821730 CAFETERIA 698993 698993 ATHLETICS 211258 211258 668792 331166 337626 21778684 15657727 5229326 891631 2500 2500 2036272 3793343 3283260 2992119 523612 453839 20000 20000 7454 17454 48987291 20674956 29326625 28312335 26321956 26614009 13939586 7410273 999698 1132414 76460963 70748286 1550175 1423045 3632051 3746680 11984252 9202265 1073005 409193 18239483 14781183 X 16156274 19960283 14699832 8312680 27365374 27694140 58221480 55967103 76460963 70748286 X -791201 -1463176 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32526073 328766 -143205 1397025 31314609 25114347 2909407 6026809 1524490 32526073 25476170 1849634 -831527 1379930 25114347 35381395 653689 -9144074 1414840 25476170 0.88440 0.11560 0 0 614655 614655 44521095 17145771 27375324 3851541 3529185 322356 28312335 HC CAPITAL TRUST INSTITIONAL INTERNATIONAL EQUITY PORTFOLIO (HCINX) 5911652 F SHORT-TERM INVESTMENTS 1498621 F 7410273 LINE OF CREDIT 409193 409193 20987483 21778684 -791201 -1079377 -383799 -1463176 -2254377 17191530 -1079377 143559 -935818 18127348 11004 2849131 2860135 20987483 19445907 527358 527358 18918549 11004 2849131 2860135 21778684 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S FINANCE COMMITTEE WILL ESTABLISH THE SPECIFIC DOLLAR AMOUNT THAT THE FUND WILL BE EXPECTED TO GENERATE TO CONTRIBUTE TO THE SCHOOL'S OPERATING FUND FOR THE NEXT FISCAL YEAR. THE DRAW FROM THE ENDOWMENT, OR SPENDING RATE, IS 4.0%. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS ADOPTED THE 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 POLICY, THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAT-NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND HAS CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP 663,811. REALIZED LOSS ON INTEREST RATE SWAP -1,047,610. TOTAL TO SCHEDULE D, PART XI, LINE 8: -383,799. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD AMOUNTS NETTED WITH REVENUE 143,559. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AMOUNTS NETTED ON FINANCIAL STATEMENTS 2,848,631. GAIN ON SALE OF ASSET 500. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD AMOUNTS NETTED WITH REVENUE 143,559. UNREALIZED GAIN ON SWAP AGREEMENT -663,811. REALIZED LOSS ON SWAP AGREEMENT 1,047,610. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AMOUNTS NETTED ON FINANCIAL STATEMENTS 2,848,631. GAIN ON SALE OF ASSET 500. 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 BALTIMORE INDEPENDENT SCHOOL CONSORTIUM PUBLISHES ANNUALLY IN THE LOCAL NEWSPAPERS AN ANNOUNCEMENT LISTING THE NAMES OF ALL MEMBER SCHOOLS, WHICH PUTS FORWARD OUR UNIFIED NON- DISCRIMINATORY POLICY. GARRISON IS LISTED IN THIS ANNOUNCEMENT. 1 FINANCIAL AID 201 2848631 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GFS HAS BOTH PAPER AND ELECTRONIC FILES. GFS USES FACTS, A SUPPLEMENTAL FORM, PAY STUBS, TAX RETURNS AND W-2'S TO HELP EVALUATE THE FINANCIAL NEED OF FAMILIES. THE PREVIOUS YEAR'S TAX RETURN IS USED IN THE INITIAL DECISION BUT THE AMOUNT AWARDED IS CONTINGENT UPON RECEIPT AND REVIEW OF THE CURRENT YEAR'S TAX RETURN. IF THERE IS A SIGNIFICANT DISCREPENCY BETWEEN THE INFORMATION A FAMILY PROVIDED AND THE CURRENT TAX RETURN, AN AWARD WOULD BE ADJUSTED ACCORDINGLY. FAMILIES ARE NOTIFIED IN AN AWARD LETTER THE AMOUNT THAT WILL BE APPLIED TOWARDS THEIR TUITION. A REPORT IS SENT TO THE BUSINESS OFFICE WITH THESE AWARDS AND ARE APPLIED TO THE STUDENT'S ACCOUNT. UPDATES / NEW ADDITIONS ARE SENT TO THE BUSINESS OFFICE AS NEEDED. X 1 1 X X 0 0 0 0 0 0 0 0 0 PETER O'NEILL 274173 0 0 0 196 0 51182 0 89958 0 415509 0 0 0 WILLIAM HODGETTS 160790 0 0 0 196 0 29428 0 20556 0 210970 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECIEVES A HOUSING ALLOWANCE. THE AMOUNT IS NOT INCLUDED IN HIS TAXABLE COMPENSATION. BALTIMORE COUNTY MD ECONOMIC DEVELOPMENT REVENUE BONDS GFS PROJECT 520591516 059136AY7 2006-10-01 17000000 CONSTRUCTION 0 1 0 12669745 4200000 117700 8352045 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 PETER O'NEILL X 100000 20000 0 1 1 20000 X 20 336986 MKT PRICE - DATE OF TRAN 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FINAL DRAFT OF THE 990 WILL BE DISTRIBUTED AND REVIEWED IN THE FINANCE COMMITTEE, THEN SUBSEQUENTLY PRESENTED AND REVIEWED BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C EVERY BOARD MEMBER MUST READ AND SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE HEAD OF SCHOOL'S ASSISTANT IS RESPONSIBLE FOR THE DISTRIBUTION AND TRACKING OF THIS DOCUMENT. FORM 990, PART VI, SECTION B, LINE 15A IN DETERMINING THE COMPENSATION LEVEL FOR THE HEAD OF SCHOOL, LOCAL AND NATIONAL COMPARABLE STATISTICS ARE GATHERED, REVIEWED AND DOCUMENTED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS 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: -1,079,377. UNREALIZED GAIN ON INTEREST RATE SWAP 663,811. REALIZED LOSS ON INTEREST RATE SWAP -1,047,610. TOTAL TO FORM 990, PART XI, LINE 5: -1,463,176.