2013-04-19T13:15:40-05:00 2012-06-30 411944416 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2011-07-01 530196507 THE HOLTON-ARMS SCHOOL HOLT 3013655300 7303 RIVER ROAD BETHESDA MD 20817 SUSANNA A JONES 3013655300 2013-04-19 1 WILLIAM E TURCO CPA P00369217 3012963600 2011 2016-03-07 17:11:31Z SUSANNA A JONES 7303 RIVER ROAD BETHESDA MD 20817 52239292 0 X WWW.HOLTON-ARMS.EDU X 1964 MD A PRIVATE EDUCATIONAL INSTITUTION FOR GIRLS IN GRADES THREE THROUGH TWELVE 20 19 480 250 0 0 1514897 1485426 21936946 23148150 2148080 2684163 669955 671375 26269878 27989114 3196216 3283539 0 0 14924243 15811275 0 0 1084371 9428670 9638459 27549129 28733273 -1279251 -744159 95217036 92507358 32191133 32287429 63025903 60219929 THE MISSION OF THE HOLTON-ARMS SCHOOL IS TO CULTIVATE THE UNIQUE POTENTIAL OF YOUNG WOMEN THROUGH THE "EDUCATION NOT ONLY OF THE MIND, BUT OF THE SOUL AND SPIRIT." 0 0 22583203 3283539 23237128 FOUNDED IN 1901, HOLTON-ARMS IS A COLLEGE-PREPARATORY SCHOOL FOR GIRLS GRADES 3-12. THE SCHOOL PROVIDES RIGOROUS AND DYNAMIC PROGRAMS IN THE TRADITIONAL ACADEMIC AREAS,THE FINE AND PERFORMING ARTS AND ATHLETICS. THE SCHOOL IS ACCREDITED BY: MIDDLE STATES ASSOCIATION OF COLLEGES & SCHOOLS; ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS; AND LICENSED IN THE STATE OF MARYLAND. 22583203 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 49 1 1 480 1 0 0 0 0 0 1 1 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X JANICE DEMARE-ASSISTANT SECRETARY 3013656007 7303 RIVER ROAD BETHESDA MD 20817 R HOWARD TAYLOR III 3.00 X X 0 0 0 LESLIE LAWLEY MEYER 3.00 X X 0 0 0 CLAUDIA MISPIRETA HINSCH 3.00 X X 0 0 0 MARY WALLACK 3.00 X X 0 0 0 SHARLENE PETRY AMITAY 3.00 X 0 0 0 BARBARA LANDOW BERNSTEIN 3.00 X 0 0 0 RANDALL BOE 3.00 X 0 0 0 MARTHA LYN DIPPELL 3.00 X 0 0 0 MELANIE DORSEY 3.00 X 0 0 0 ANNA-LIZA HARRIS 3.00 X 0 0 0 WILLIAM JACKSON 3.00 X 0 0 0 AMY KASLOW 3.00 X 0 0 0 GABRIELLE KORAB 3.00 X 0 0 0 LORI LARSON 3.00 X 0 0 0 PETER MANOS 3.00 X 0 0 0 MARY CATHERINE JONES THOMPSON 3.00 X 0 0 0 DOROTHY WADE-VUTURO 3.00 X 0 0 0 CHRISTIE-ANNE WEISS 3.00 X 0 0 0 JOHN WU 3.00 X 0 0 0 BRUCE S TANOUS 3.00 X 0 0 0 JANICE V DEMARE 40.00 X 84078 0 31175 SUSANNA A JONES 40.00 X 312200 0 134635 TRACEY L FUDGE 40.00 X 110492 0 11843 ELIZABETH PENCE 40.00 X 137635 0 83001 SHARRON RODGERS 40.00 X 136874 0 30573 TONY SHAWE 40.00 X 110014 0 31572 PATRICK BANE 40.00 X 117317 0 9385 JULIA TREADWELL 40.00 X 111355 0 69787 1119965 0 401971 19 0 1 0 SODEXO PO BOX 536922 ATLANTA GA 303536922 FOOD SERVICE 844561 STEVEN KAHLE ARCHITECTS 47 RANDALL ST ANNAPOLIS MD 21401 ARHCITECT SERVICES 251514 CLEANERS OF AMERICA 5252 CHEROKEE AVENUE SUITE 100 ALEXANDRIA VA 22312 JANITORIAL SERVICES 181268 JANI-KING SERVICES 12600 FAIR LAKES CIRCLE SUITE 210 FAIRFAX VA 22033 JANITORIAL SERVICES 168703 BENNETT COMMUNICATIONS 12900-B CLOVERLEAF CENTER DRIVE GERMANTOWN MD 20874 TELECOMMUNICATION SERVICES 103102 8 9610 1475816 180951 1485426 EDUCATIONAL PROGRAM 900099 22945525 22945525 STUDENT SUPPORT SERVIC 900099 202625 202625 23148150 1665607 1665607 332277 0 332277 332277 332277 25004489 23985933 1018556 1018556 1018556 331564 9610 164406 167158 167158 27150 13888 13262 13262 155651 85951 69700 69700 OTHER INCOME 900099 88978 88978 88978 27989114 23237128 0 3266560 3283539 3283539 1239677 508612 731065 11517792 9595111 1352993 569688 960399 960399 1162500 1062060 100440 930907 930907 67759 67759 58800 58800 240459 240459 38328 38328 137225 137225 169971 57921 112050 382153 382153 1583611 1537310 46301 285925 255818 4834 25273 842246 842246 2200635 1430412 660191 110032 223883 223883 STUDENT SUPPORT 921095 921095 ACAD PRGRM & STDNT ACTI 834618 834618 SPECIAL PROGRAMS & CS 617917 594501 23416 FUNDRAISING 278938 278938 754896 228747 526149 28733273 22583203 5065699 1084371 8716 2824 4633356 5023324 493678 310132 62874 90192 74591 52874 898932 619131 69620827 31179507 38894172 38441320 50043072 47799712 107645 97849 0 70000 95217036 92507358 2075665 2498889 7254275 7004450 19700000 19200000 3161193 3584090 32191133 32287429 X 55986884 53222450 1202598 1046300 5836421 5951179 63025903 60219929 95217036 92507358 X -744159 -2061815 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51482743 1310390 774259 4544808 5108461 43914123 44613679 25914 9154022 2310872 51482743 42577373 -38977 4011099 1935816 44613679 52598936 665912 -8216559 2470916 42577373 0.84000 0.13600 0.02400 0 0 3961813 3961813 57155532 24674674 32480858 4435089 3434206 1000883 4068393 3070627 997766 38441320 FUNDS HELD FOR OTHERS 819188 INTEREST RATE SWAP AGREEMENT 2694902 DEFERRED COMPENSATION 70000 3584090 27989114 28733273 -744159 -1668950 -392865 -2061815 -2805974 25061198 -2941702 -2941702 28002900 240459 -254245 -13786 27989114 25805357 254245 254245 25551112 240459 2941702 3182161 28733273 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE BOARD OF TRUSTEES SETS THE ANNUAL SPENDING POLICY FOR THE POOLED INVESTMENT FUND WITH THE GOAL OF BALANCING THE BENEFIT FOR PRESENT OPERATIONS AND SAFEGUARDING THE INSTITUTION FOR FUTURE PLANS. 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. HOWEVER, THE SCHOOL IS SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME, AS DEFINED BY THE INTERNAL REVENUE SERVICE. THE SCHOOL ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC TOPIC 740-10), 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. THE SCHOOL FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. 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 INTEREST RATE SWAP AGREEMENT -392,865. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -2,882,639. TRANSFER TO FUNDS HELD FOR OTHERS -59,063. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON LINE 10B -85,951. SPECIAL EVENT EXPENSES REPORTED ON LINE 8B -164,406. GAMING EXPENSES REPORTED ON LINE 9B -3,888. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON LINE 10B 85,951. SPECIAL EVENT EXPENSES REPORTED ON LINE 8B 164,406. GAMING EXPENSES REPORTED ON LINE 9B 3,888. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,882,639. TRANSFER TO FUNDS HELD FOR OTHERS 59,063. 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, PERIODIC ADVERTISEMENTS AND THROUGH THE ORGANIZATION'S WEBSITE. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES GLOBAL EDUCATION - FRANCE AND SPAIN 37111 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES GLOBAL EDUCATION - SENEGAL 30873 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES GLOBAL EDUCATION - COSTA RICA 826 SOUTH ASIA 0 0 PROGRAM SERVICES GLOBAL EDUCATION - INDIA 48371 0 0 0 0 0 0 117181 0 117181 0 0 0 0 0 0 THE REPORTING OF EXPENSES PAID DIRECTLY IN A FOREIGN COUNTRY DOES NOT REPRESENT THE FULL EXPENSE OF THE GLOBAL EDUCATION PROGRAM AS EXPENSES FOR PROGRAMS TO SENEGAL AND COSTA RICA ARE PAID TO US-BASED COMPANIES. GALA 341174 9610 331564 81218 83188 341174 9610 331564 81218 83188 164406 167158 27150 3888 10000 0 27150 3888 10000 13888 13262 MD 1 0 0 0 1.00000 DANIELLE BEYDA 7303 RIVER ROAD BETHESDA MD 20817 0 DANIELLE BEYDA 0 DIRECTS ALL SPECIAL EVENTS AT HOLTON-ARMS X 0 NONCASH PRIZES: FORM 990, PART III, LINE 3 THE RAFFLE PRIZE IS THE REDUCTION IN THE TUITION IN THE AMOUNT OF $10,000. THIS WAS FUNDED FROM THE RAFFLE TICKET SALE PROCEEDS. THE SCHOOL FILED THE FORM W-2G WTH THE IRS AND A COPY WAS ISSUED TO THE RAFFLE WINNER. 1 FINANCIAL AID 153 3083980 GRANT SUPPORT 3 25000 RECIPROCAL TUITION REMISSION 11 174559 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE SCHOOL AWARDS FINANCIAL AID BASED ON THE DECISION OF THE SCHOOL'S FINANCIAL AID COMMITTEE WHICH USES AN INDEPENDENT THIRD PARTY TO ESTABLISH THE NEED OF THE RECIPIENTS. GRANT SUPPORT - THE ALUMNAE SCHOLARSHIP OF $15K IS AWARDED TO AN 11TH GRADE STUDENT BASED ON AN APPLICATION PROCESS. THE ACWORTH SCHOLARSHIPS SUPPORT TWO STUDENTS WITH $5K ANNUAL AWARDS EACH BASED ON FINANCIAL NEED AND OTHER CRITERIA ESTABLISHED BY THE ACWORTH FOUNDATION. RECIPROCAL TUITION REMISSION - THE SCHOOL HAS A RECIPROCAL AGREEMENT WITH ANOTHER PRIVATE EDUCATIONAL INSTITUTION. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 SUSANNA A JONES 287200 0 0 0 25000 0 54600 0 90335 0 457135 0 0 0 ELIZABETH PENCE 137635 0 0 0 0 0 11517 0 73141 0 222293 0 0 0 SHARRON RODGERS 136874 0 0 0 0 0 14241 0 16830 0 167945 0 0 0 JULIA TREADWELL 111355 0 0 0 0 0 8959 0 61246 0 181560 0 0 0 PART I, LINE 1A PART I, LINE 1A: - SUSANNA A. JONES NON-TAXABLE HOUSING BENEFIT OF $54,000 INCLUDING CLEANING SERVICES - ELIZABETH G. PENCE NON-TAXABLE HOUSING BENEFIT OF $48,000 - JULIA TREADWELL NON-TAXABLE HOUSING BENEFIT OF $48,000 PART I, LINE 4B PART I, LINE 4B: SUSANNA A. JONES - DEFERRAL UNDER A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN - $35,000 FIN. AID $18,365 GAIL DUFEK WIFE OF FORMER TRUSTEE ROBERT DUFEK 92001 COMPENSATION PAID AS TEACHER 0 X 14 180951 SELLING PRICE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 BEFORE THE 990 IS FILED IT WILL GO THROUGH A NUMBER OF REVIEWS. 1. IT WILL BE PRESENTED TO THE AUDIT COMMITTEE AND REVIEWED WITH THE COMMITTEE BY A REPRESENTATIVE OF THE INDEPENDENT AUDITING FIRM'S TAX DEPARTMENT. 2. ONCE THE AUDIT COMMITTEE APPROVES THE DOCUMENT, IT WILL BE POSTED ON A SECURE WEBSITE FOR REVIEW BY THE ORGANIZATION'S OFFICERS, DIRECTORS, AND BOARD OF TRUSTEES. IT WILL BE LEFT THERE FOR A STATED PERIOD OF TIME AND THEN REMOVED. 3. THE 990 IS FILED AFTER THE BOARD HAS HAD TIME TO REVIEW AND APPROVE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, AT THE START OF THE SCHOOL YEAR, THE BOARD OF TRUSTEES REQUIRES THAT COVERED PERSONS DISCLOSE ANY CONFLICTS OF INTEREST ON A CONFLICT OF INTEREST DISCLOSURE FORM. THESE FORMS ARE REVIEWED AND MAINTAINED BY THE ASSISTANT SECRETARY OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A AT THE TIME OF A NEW HIRE, OR AT CONTRACT TIME FOR THE EXISTING HEAD OF SCHOOL, THE BOARD OF TRUSTEES USES A NUMBER OF METRICS AND CONDUCTS MEETINGS TO DETERMINE EQUITABLE COMPENSATION. EXAMPLES OF THE PROCESS ARE AS FOLLOWS: AN INDEPENDENT COMPENSATION CONSULTANT IS HIRED BY THE BOARD OF TRUSTEES. THE CONSULTANT CONDUCTS A COMPENSATION SURVEY OF COMPETITOR PEER SCHOOLS AND PREPARES A WRITTEN REPORT. THE FORM 990 OF OTHER SIMILAR ORGANIZATIONS, AVAILABLE ON GUIDESTAR, IS ONE FACTOR USED FOR COMPARISON. THE BOARD OF TRUSTEES' COMPENSATION AND EVALUATION COMMITTEE STUDIES THE CONSULTANT'S REPORT AND OTHER DATA AND RECOMMENDS COMPENSATION AND BENEFITS FOR THE CONTRACT TO THE BOARD OF TRUSTEES. THE EMPLOYMENT CONTRACT IS DRAFTED BY A LEGAL FIRM. THE BOARD OF TRUSTEES DISCUSSES AND VOTES ON THE COMPENSATION AND EVALUATION COMMITTEE'S RECOMMENDATION AND ON THE APPROVAL OF THE CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,668,950. UNREALIZED GAIN/(LOSS) ON INTEREST RATE SWAP AGREEMENT -392,865. TOTAL TO FORM 990, PART XI, LINE 5: -2,061,815.