2013-02-13T07:24:48-06:00 2012-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2011-07-01 520591645 OLDFIELDS SCHOOL INC OLDF 4104724800 1500 GLENCOE ROAD GLENCOE MD 21152 ROBERT A ROSENBAUM 4104724800 2013-02-12 1 LORI S BURGHAUSER P00370694 4104031500 2013-02-12 2011 2016-03-07 17:11:31Z TAYLOR SMITH 1500 GLENCOE ROAD GLENCOE MD 21152 9434547 0 X OLDFIELDSSCHOOL.COM X 1926 MD TO PROVIDE EDUCATION OF STUDENTS PRIMARILY IN GRADES 8 THROUGH 12. 24 23 108 60 0 0 1659750 1242507 5873126 7049565 991319 127772 130808 141033 8655003 8560877 860051 1247000 0 0 3841004 4159741 0 0 416049 3890348 4231870 8591403 9638611 63600 -1077734 23074741 22473595 4374069 4891270 18700672 17582325 TO PROVIDE EDUCATION OF STUDENTS PRIMARILY IN GRADES 8 THROUGH 12. 0 0 7347416 1247000 7049652 EDUCATION OF STUDENTS INCLUDING AUXILLARY ACTIVITIES. APPROXIMATELY 150 STUDENTS SERVED. GRANTS AND ALLOCATIONS CONSIST OF FINANCIAL AID. 7347416 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 22 0 108 1 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MD X BUSINESS MANAGER 4436621013 1500 GLENCOE ROAD SPARKS MD 21152 JOHN W HAWKS 1.00 X X 0 0 0 CARLISLE VAN METER MAYER 1.00 X X 0 0 0 RICHARD C DARRELL 1.00 X X 0 0 0 ROBERT A ROSENBAUM 1.00 X X 0 0 0 SUNNY ADAMS 1.00 X 0 0 0 ILANA FELDBERG ADELMAN 1.00 X 0 0 0 CAROL ATTERBURY 1.00 X 0 0 0 KENNETH H BUCHANAN 1.00 X 0 0 0 DAVID C CARROLL 1.00 X 0 0 0 GEORGE R FLOYD 1.00 X 0 0 0 SHEILA W HARRELL 1.00 X 0 0 0 DEBBIE L HILL 1.00 X 0 0 0 JANE MCCOLL LOCKWOOD 1.00 X 0 0 0 CHRISTINE APPLEBY MARTINELLI 1.00 X 0 0 0 THOMAS P MCDONOUGH 1.00 X 0 0 0 STEPHEN D NEWTON 1.00 X 0 0 0 FRANK R PALMER IV 1.00 X 0 0 0 PAIGE RABALAIS 1.00 X 0 0 0 CORBIN D RIEMER 1.00 X 0 0 0 JEAN SCHEFFENACKER 1.00 X 0 0 0 J PAGE SCULLY 1.00 X 0 0 0 ARCHIBALD A SMITH III 1.00 X 0 0 0 LISA WOOD WRIGHT 1.00 X 0 0 0 TAYLOR SMITH 40.00 X X 224913 0 53723 224913 0 53723 1 0 1 0 CHARTWELLS-FLIK PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICES 585332 EDUCATORS BENEFIT SERVICES 14 N RONKS ROAD RONKS PA 17572 HEALTH & DENTAL 474298 PHILADELPHIA INSURANCE COMPANIES PO BOX 70251 PHILADELPHIA PA 19176 INSURANCE 103270 3 6185 1236322 240075 1242507 TUITION & FEES 611710 6571264 6571264 AUXILIARY ACTIVITIES 611710 478301 478301 7049565 147009 147009 83175 83175 22176 787397 18201 810609 3975 -23212 -19237 -19237 20369 6185 41992 -21623 -21623 48944 2868 46076 46076 ANTITRUST SETTLEMENT 900099 36196 36196 OTHER INCOME 900099 87 87 LOSS FROM PASSTHROUGH 900099 -2878 -2878 33405 8560877 7049652 0 268718 1247000 1247000 278637 27864 167182 83591 3106436 2035154 882070 189212 146094 95712 41483 8899 389351 255080 110556 23715 239223 156725 67927 14571 59621 59621 727160 706775 12470 7915 34743 34743 553617 283782 197387 72448 72347 19925 52422 986886 986729 157 77669 55139 6832 15698 145933 145933 774461 774461 152576 16951 135625 EQUESTRIAN EXPENSES 176167 176167 CO-CURRICULAR PROGRAMS 154437 154437 MISCELLANEOUS 86351 52134 34217 CAFETERIA EXPENSE 47756 47756 182146 74949 107197 9638611 7347416 1875146 416049 122463 953804 1494927 1028439 114920 57454 10000 88678 74526 183034 179162 22934592 9817330 13477570 13117262 6720874 6985009 862275 77939 23074741 22473595 524485 614179 668933 1112982 2985000 2985000 135000 135000 60651 44109 4374069 4891270 X 11224076 10583666 2178051 1536778 5298545 5461881 18700672 17582325 23074741 22473595 X -1077734 -40613 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6362349 454492 103156 300000 18202 6601795 6190555 170157 742116 722099 18380 6362349 5620006 261956 607322 298729 6190555 12084770 1166580 -2186224 5445120 5620006 0.23170 0.74400 0.02430 0 0 796298 796298 20127714 8507211 11620503 1211580 733334 478246 799000 576785 222215 13117262 CASH SURRENDER VALUE OF LIFE INSURANCE 117309 F HATTERAS MULTI-STRATEGY TEI FUND 1024338 F INTEREST IN OIL AND GAS LEASE 188376 F MULTI-STRATEGY BOND FUND 3084122 F MULTI-STRATEGY EQUITY FUND 2493335 F TIAA-CREF MUTUAL FUNDS 77529 F 6985009 8560877 9638611 -1077734 -43487 2874 -40613 -1118347 7328699 31645 -1496 30149 7298550 1262327 1262327 8560877 8447046 31645 41991 73636 8373410 1265201 1265201 9638611 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE INVESTED UNDER THE SCHOOL'S INVESTMENT POLICIES TO COMPLY WITH THE STATE OF MARYLAND UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT. THE BOARD APPROPRIATES THE EARNINGS OF THE ENDOWMENT FUNDS FOR EXPENDITURE TO SUPPORT DONOR STIPULATED PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ASC 740, INCOME TAXES (ASC 740), PRESCRIBES THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. FOR THOSE 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, 2012 AND 2011. THE SCHOOL IS SUBJECT TO TAXATION IN VARIOUS JURISDICTIONS. THE SCHOOL CONTINUES TO REMAIN SUBJECT TO EXAMINATION BY U.S. FEDERAL AUTHORITIES AND VARIOUS STATE AUTHORITIES FOR THE YEARS ENDED JUNE 30, 2009 THROUGH JUNE 30, 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: HATTERAS CORE ALTERNATIVES TEI FUND K-1: INTEREST INCOME -4. HATTERAS CORE ALTERNATIVES TEI FUND K-1: (OTHER INCOME) 2,878. TOTAL TO SCHEDULE D, PART XI, LINE 8: 2,874. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS - DIRECT EXPENSES NETTED WITH REVENUE 41,991. NET UNREALIZED LOSS ON INVESTMENTS -43,487. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,247,000. HATTERAS CORE ALTERNATIVES TEI FUND K-1: INTEREST INCOME 4. COMMISSION NETTED AGAINST ROYALTIES ON FINANCIAL STATEMENTS 18,201. HATTERAS CORE ALTERNATIVES TEI FUND K-1: OTHER INCOME -2,878. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS - DIRECT EXPENSES NETTED WITH REVENUE 41,991. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,247,000. COMMISSION EXPENSE NETTED AGAINST ROYALTIES ON FINANCIAL STATEMENTS 18,201. 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 SCHOOL'S POLICY IS PUBLISHED ANNUALLY IN THE BALTIMORE SUN. THE POLICY IS ALSO ON THE ORGANIZATION'S WEBSITE AND IN THE STUDENT HANDBOOK. PARENTS WEEKEND 7355 7355 9578 ALUMNAE WEEKEND 19199 6185 13014 32414 26554 6185 20369 41992 41992 -21623 1 FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AWARDED TO 53 STUDENTS 53 1247000 BOOK FINANCIAL AID PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE STUDENT'S PARENT(S) APPLIES FOR THE FINANCIAL AID BY COMPLETING THE UNIFORM SSS FORM. MANAGEMENT REVIEWS THE SSS FORMS AND AWARDS FINANCIAL AID ON AN AS-NEEDED BASIS. THE AMOUNT OF EACH AWARD IS APPLIED TO THE RESPECTIVE STUDENT'S TUITION BILL. X X X 0 0 0 0 0 0 0 0 0 TAYLOR SMITH 218913 0 0 0 6000 0 37000 0 16723 0 278636 0 0 0 MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2010-04-14 2985000 REFINANCE 2000 BONDS 0 0 0 2985000 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 CHRISTINE MARTINELLI LOAN GIVEN FOR BOND REFINANCING X 135000 135000 0 1 1 135000 HAWLEY ROGERS FORMER HEAD OF SCHOOL 15500 CONSULTING SERVICES 0 X 1435 COST X 4 25705 BLUE BOOK VALUE X 7 161100 FAIR MARKET VALUE X HORSES 7 45000 ESTIMATED REPLACEMENT COST X SILENT AUCTION 32 3935 SELLING PRICE X HEALTH CARE SUPPLIES 1 600 COST X PORTABLE PA SYSTEM 1 2000 COST X TELESCOPE 1 300 FAIR MARKET VALUE 5 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE BUSINESS MANAGER AND THE HEAD OF THE SCHOOL PERFORM THE INITIAL REVIEW. AFTER THEIR APPROVAL, THE FORM 990 IS THEN SUBMITTED TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR APPROVAL. THE FORM 990 IS ALSO MADE AVAILABLE IN THE BUSINESS MANAGER'S OFFICE FOR REVIEW BY THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH NAIS STANDARDS, ALL TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE ADMINISTRATIVE ASSISTANT TO THE HEAD OF THE SCHOOL SENDS ALL TRUSTEES A COPY OF THE CONFLICT OF INTEREST STATEMENT VIA EMAIL TO SIGN AT THE BEGINNING OF EACH FISCAL YEAR. THE STATEMENTS ARE FILED BY THE HEAD'S ADMINISTRATOR AND ARE KEPT ON FILE AND UP TO DATE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE HEAD OF THE SCHOOL IS DETERMINED BY THE BOARD OF TRUSTEES COMPENSATION COMMITTEE. THE COMMITTEE USES AIMS SUMMARY REPORTS OF COMPENSATION AS A GUIDELINE FOR SETTING COMPENSATION. NO OTHER OFFICERS ARE COMPENSATED AND THERE ARE NO KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -43,487. HATTERAS CORE ALTERNATIVES TEI FUND K-1: INTEREST INCOME -4. HATTERAS CORE ALTERNATIVES TEI FUND K-1: (OTHER INCOME) 2,878. TOTAL TO FORM 990, PART XI, LINE 5: -40,613. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.