2013-05-15T09:52:00-05:00 2012-06-30 420714325 MCGLADREY LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2011-07-01 520591510 CALVERT SCHOOL INC CALV 4102436054 105 TUSCANY ROAD BALTIMORE MD 21210 JOSEPH P MCGRAW 4102436054 2013-05-13 1 JULIA FLANNERY CPA P00928918 4102469300 2011 2016-02-24 21:20:13Z CALVERT SCHOOL ANDREW D MARTIRE 105 TUSCANY ROAD BALTIMORE MD 21210 38820275 0 X WWW.CALVERTSCHOOLMD.ORG X 1897 MD CALVERT SCHOOL IS DEDICATED TO EDUCATING BOYS AND GIRLS THROUGH ITS TIME-TESTED METHOD OF TEACHING AND ITS RIGOROUS CURRICULUM. PARTICULAR EMPHASIS IS GIVEN TO MASTERING ESSENTIAL SKILLS, INSPIRING A LIFELONG LOVE OF LEARNING, AND INSTILLING ENTHUSIASM, RESPONSIBILITY, AND SELF-DISCIPLINE. CALVERT SEEKS TO DEVELOP STUDENTS OF HIGH ACADEMIC ACHIEVEMENT, INTELLECTUAL CURIOSITY, AND STRONG MORAL CHARACTER WITHIN A SUPPORTIVE AND DIVERSE COMMUNITY. 20 20 297 250 622616 -490681 2526978 3884724 27101906 29799751 733120 2309156 25324 213262 30387328 36206893 1535145 1650908 0 0 15646487 16636286 81269 144000 698508 13482853 15171918 30745754 33603112 -358426 2603781 84318329 86240279 17800831 25663034 66517498 60577245 X CALVERT SCHOOL IS DEDICATED TO EDUCATING BOYS AND GIRLS THROUGH ITS TIME-TESTED METHOD OF TEACHING AND ITS RIGOROUS CURRICULUM. PARTICULAR EMPHASIS IS GIVEN TO MASTERING ESSENTIAL SKILLS, INSPIRING A LIFELONG LOVE OF LEARNING, AND INSTILLING ENTHUSIAM, RESPONSIBILITY, AND SELF-DISCIPLINE. CALVERT SEEKS TO DEVELOP STUDENTS OF HIGH ACADEMIC ACHIEVEMENT, INTELLECTUAL CURIOSITY, AND STRONG MORAL CHARACTER WITHIN A SUPPORTIVE AND DIVERSE COMMUNITY. 0 0 9543704 1373830 12658743 DAY SCHOOL - 612 STUDENTS ATTEND CALVERT SCHOOL IN BALTIMORE, MARYLAND. THERE ARE 10 GRADES FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE. 7672640 271165 7118489 PRIVATE PAY FAMILIES - MAKE INDIVIDUAL DECISIONS TO PURSUE HOME SCHOOLING AND ELECT TO PAY FOR THEIR OWN EDUCATION SERVICES. THEY HAVE ACCESS TO OUR GRADE-LEVEL PLACEMENT TESTING, AND RECEIVE A COMPLETE CURRICULUM INCLUDING LESSON MANUALS, WHICH OUTLINE ALL DAILY WORK, AND THE LIVE TEACHING SUPPORT OF AN EDUCATION COUNSELOR. THEY HAVE THE OPTION OF ENROLLING IN THE ADVISORY TEACHING SERVICE, A TESTING AND ASSESSMENT SERVICE, WHICH ALLOWS THEM TO SUBMIT PERIODIC TESTS AND RECEIVE INFORMED GRADE ASSESSMENT AND COACHING. THIS QUALIFIES THEM TO RECEIVE A TRANSCRIPT AND CERTIFICATE OF COMPLETION. 6054434 6208711 GROUP PARTNERS - RECEIVE THE SAME CALVERT MATERIALS AND SERVICES PROVIDED TO PRIVATE PAY FAMILIES. THE PARTNER SCHOOL RETAINS THE STUDENT ON THEIR ROLLS AND CONTROLS THE RELATED PER-STUDENT FINANCES. IN ADDITION TO THE MATERIALS AND SERVICES RECEIVED BY PRIVATE PAY FAMILIES, CALVERT PROVIDES TECHNOLOGY TO SUPPORT STUDENT SUPERVISION, COMMUNICATIONS, AND ACADEMIC TRACKING. IN ADDITION, CALVERT DEVELOPS SUPPLEMENTAL CURRICULUM TO MEET LOCAL STANDARDS, PROVIDES TEACHER TRAINING, AND PARTICIPATES AS A MEMBER OF THE PROFESSIONAL LEARNING COMMUNITY WHICH PROVIDES STUDENT INSTRUCTION AND SUPPORT. 1060907 3315330 CES - CALVERT PUBLIC VIRTUAL - CALVERT SCHOOL WORKS IN PARTNERSHIP WITH LOCAL VIRTUAL PUBLIC SCHOOLS WHICH ARE SEPARATE 501(C)(3) NONPROFIT CORPORATIONS. CALVERT PROVIDES ALL THE MATERIALS, SERVICES, TECHNOLOGY, PROFESSIONAL DEVELOPMENT, AND PARTICIPATES IN THE PROFESSIONAL LEARNING COMMUNITY IN THE SAME WAY AS IT DOES FOR GROUP PARTNERS. IN ADDITION, CALVERT SCHOOL OFFERS MANAGEMENT SERVICES TO THESE SCHOOLS, WHICH ARE REPORTED AS UNRELATED BUSINESS INCOME. 832718 5913 697043 VERTICY LEARNING IS A SPECIALIZED CURRICULUM OPTION FOR CHILDREN WITH LANGUAGE BASED LEARNING DISABILITIES. IT WAS DEVELOPED THROUGH A JOINT LEARNING INITIATIVE WITH JEMICY SCHOOL, A NOT FOR PROFIT WITH 40 YEARS OF EXPERIENCE IN SUPPORTING THIS PROFILE OF STUDENT IN A CLASSROOM ENVIRONMENT. THE PROGRAM USES THE DISTANCE LEARNING COMPETENCIES OF CALVERT SCHOOL, THE CALVERT CURRICULUM AND SERVICES, AND COMBINES THESE WITH THE SPECIALIZED INSTRUCTION COMPETENCY OF JEMICY. THIS PROGRAM IS USED BY OUR PARTNER SCHOOLS AND OUR PRIVATE PAY FAMILIES AND ENJOYS THE SAME SERVICES AND SOME OF THE SAME MATERIALS. 1893625 5913 4012373 25164403 1 1 0 1 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 1 0 0 0 0 0 1 145 0 1 297 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MD X JOSEPH P MCGRAW 4102436054 105 TUSCANY ROAD BALTIMORE MD 21210 CARVILLE B COLLINS 5.00 X X 0 0 0 WILLIAM S HARRISON 2.00 X X 0 0 0 MARK DEWIRE 2.00 X X 0 0 0 GINA ADAMS 2.00 X 0 0 0 DAVID ALLEN 2.00 X 0 0 0 CURTIS CAMPBELL 2.00 X 0 0 0 H WARD CLASSEN 2.00 X 0 0 0 FRED CROZIER 2.00 X 0 0 0 FELIX DAWSON 2.00 X 0 0 0 WESLEY FINNERTY 2.00 X 0 0 0 F WHITINGTON FOSTER 2.00 X 0 0 0 JOSEPH HABERMAN 2.00 X 0 0 0 EDWARD HART III 2.00 X 0 0 0 F BARTON HARVEY III 2.00 X 0 0 0 DAVID S KNIPP 2.00 X 0 0 0 KEVIN A MCCREADIE 2.00 X 0 0 0 LEE H RILEY III 2.00 X 0 0 0 AMY T SETO 2.00 X 0 0 0 JAMES B STRADTNER 2.00 X X 0 0 0 MATTHEW W WYSKIEL III 2.00 X 0 0 0 ANDREW D MARTIRE 40.00 X 389750 0 84759 JOSEPH P MCGRAW 40.00 X 160105 0 63329 RICHARD N RASMUS 40.00 X 404888 0 41025 STEVEN BROWN 40.00 X 226950 0 62342 IRVING QUIMBY 40.00 X 155806 0 28805 JOHN ZABETAKIS 40.00 X 155784 0 27848 DAVID CLAPP 40.00 X 124933 0 30398 GLORIA JULIUS 40.00 X 195333 0 12874 R BRADY LOCHER JR 40.00 X 172495 0 52106 JEAN HALLE 0.00 X 240249 0 0 2226293 0 403486 18 1 1 0 CHARTWELLS COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 664186 OTTIMIZZI LLC 2223 N 2ND STREET OAKLAND MD 21550 SALES CONSULTING 264600 BRENT GOLDSMITH 901 WEST UNIVERSITY PARKWAY BALTIMORE MD 21210 PLUMBING SERVICE 158255 COMMUNITY COUNSELLING SERVICE CO LLC PO BOX 27462 NEW YORK NY 10087 FUNDRAISING, DEV. SERV. & STRATEGIC COUN 137019 HOLLAND & KNIGHT LLP PO BOX 864084 ORLANDO FL 32886 ATTORNEY 114655 5 10625 3874099 129007 3884724 SCHOOL TUITION 511190 29173105 28540161 632944 AFTER SCHOOL CARE 611710 236393 236393 DAY CARE 611710 228280 228280 SUMMER CAMPS 611710 68360 68360 SCHOOL CLUBS 611710 47933 47933 45680 45680 29799751 2020248 -10328 2030576 5675 0 5675 5675 5675 2830842 2541934 288908 288908 288908 66275 10625 66448 -173 -173 14195 5000 9195 9195 RECOVERY OF BAD DEBT 900099 198565 198565 198565 36206893 29365372 622616 2334181 1650908 1650908 1336289 893543 401447 41299 150157 100406 45110 4641 10981470 7343033 3299043 339394 547385 360788 169689 16908 2838670 1871001 879988 87681 782315 515633 242518 24164 312017 304206 7811 44181 44181 144000 144000 272925 155794 117131 905599 865842 39757 664284 634738 29546 1380574 1084953 286810 8811 1678658 1334774 326019 17865 1320646 1320646 218984 216172 2812 193714 168674 25040 147049 147049 1347998 1347998 247793 109381 138412 HOME SCHOOL-PRIVATE PAY 5946367 5946367 PROFESSIONAL DEVELOPMEN 128672 29104 99568 STUDENT SERVICES 125446 125446 MISCELLANEOUS 98244 41713 56531 138767 63929 61093 13745 33603112 25164403 7740201 698508 1500 1916 6563096 5514756 126862 2915135 1063050 992574 216442 144295 287209 384890 4373612 4804061 405856 941106 41632510 12127271 30316475 29505239 20748085 23985450 18248048 14415444 1968094 2635413 84318329 86240279 5774994 4080790 2990888 3901190 9034949 8704949 0 8976105 17800831 25663034 X 61007817 52115783 1091043 4025963 4418638 4435499 66517498 60577245 84318329 86240279 X 2603781 -8544034 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 187376 187376 32302439 32489815 1000000 250000 0 0 1000000 1000000 2000000 3000000 128909 187376 316285 250000 250000 500000 750000 X X 1 1.00 1 1 0 5.00 103 40988083 22973 467891 1474492 40004455 36053637 1557440 7359660 3982654 40988083 33711943 197181 3871960 1727447 36053637 43242907 478323 -8161657 1847630 33711943 0.86560 0.11090 0.02350 1 0 12087718 12087718 23583651 7322752 16260899 5961141 4804519 1156622 29505239 LIMITED PARTNERSHIPS 5512012 F VANGUARD INDEX TR TOTAL STK MKT PORTFOLIO INSTL (VITSX) 8903432 F 14415444 ACCRUED PENSION OBLIGATION 8976105 8976105 36206893 33603112 2603781 -1724134 -6819900 -8544034 -5940253 32587603 -1724134 71448 -1652686 34240289 117131 1849473 1966604 36206893 31707956 -127117 -127117 31835073 117131 1650908 1768039 33603112 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: ASSETS ARE RECORDED AT COST AND INCLUDED IN THE VALUE OF LAND ON THE SCHOOL'S BALANCE SHEET. THERE ARE NO REVENUES OR EXPENSES RELATED TO THE EASEMENT. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO SUPPORT SPECIFIC PURPOSES IDENTIFIED BY DONORS AND THE OVERALL OPERATION OF THE SCHOOL. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. AS OF JUNE 30, 2012 AND 2011, AND FOR THE YEARS THEN ENDED, THERE ARE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES BEFORE 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: PENSION RELATED CHANGES -6,819,900. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING AND GAMING EXPENSE NETTED ON THE FINANCIAL STATEMENT 71,448. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSES NETTED WITH TUITION ON FINANCIAL STATEMENTS 1,650,908. RECOVERY OF BAD DEBT 198,565. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING AND GAMING EXPENSE NETTED ON THE FINANCIAL STATEMENT 71,448. RECOVERY OF BAD DEBT -198,565. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSES NETTED WITH TUITION ON FINANCIAL STATEMENTS 1,650,908. 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 NONDISCRIMINATORY POLICY IS PUBLISHED IN SCHOOL BROCHURES, APPLICATIONS FOR ADMISSION AND IN THE LOCAL TRADE NEWSPAPERS AND PERIODICALS. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENTS 7460519 0 0 0 0 0 0 7460519 0 7460519 1 0 0 0 0 0 X X X X 1 CCS 461 FIFTH AVENUE 3RD FLOOR NEW YORK NY 10017 CAMPAIGN FEASIBILITY STUDY/CONSULTING 0 736221 144000 592221 736221 144000 592221 MD GOLF TOURNAMENT 26645 10600 16045 1200 12545 13460 10054 CORKS FOR CALVERT 50255 25 50230 5000 24189 76900 10625 66275 6200 12545 13460 34243 66448 -173 1 FINANCIAL AID 148 1650908 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL GRANTS REDUCE THE TUITION BILL OF STUDENTS. NO CASH IS GIVEN DIRECTLY TO STUDENTS. X X X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 ANDREW D MARTIRE 266099 0 0 0 123651 0 27298 0 57461 0 474509 0 0 0 JOSEPH P MCGRAW 154865 0 5000 0 240 0 20320 0 43009 0 223434 0 0 0 RICHARD N RASMUS 292336 0 112000 0 552 0 14700 0 26325 0 445913 0 0 0 STEVEN BROWN 175918 0 50000 0 1032 0 46157 0 16185 0 289292 0 0 0 IRVING QUIMBY 130806 0 23968 0 1032 0 7987 0 20818 0 184611 0 0 0 JOHN ZABETAKIS 122317 0 32507 0 960 0 3817 0 24031 0 183632 0 0 0 DAVID CLAPP 119700 0 5000 0 233 0 11037 0 19361 0 155331 0 0 0 GLORIA JULIUS 171832 0 22469 0 1032 0 10310 0 2564 0 208207 0 0 0 R BRADY LOCHER JR 161463 0 10000 0 1032 0 28657 0 23449 0 224601 0 0 0 JEAN HALLE 0 0 0 0 240249 0 0 0 0 0 240249 0 0 0 PART I, LINE 1A ANDREW MARTIRE, THE HEAD MASTER, RECEIVES THESE BENEFITS. THEY INCLUDE $8,559 OF TAX INDEMNIFICATION AND GROSS UP PAYMENTS THAT ARE INCLUDED IN HIS TAXABLE WAGES, NONTAXABLE SOCIAL CLUB DUES OF $2,376, AND $14,000 IN NONTAXABLE BENEFITS FOR HOUSING AND PERSONAL SERVICES. PART I, LINE 4A MS. HALLE RECEIVED A SEVERANCE PACKAGE FROM CALVERT EDUCATION SERVICES THAT WAS WITHIN THE TERMS AND CONDITIONS OF HER CONTRACT. THE SEVERANCE WAS BASED ON LENGTH OF SERVICE AND RESPONSIBILITIES. THE SEVERANCE WAS SIMILAR TO PACKAGES OTHER EMPLOYEES HAVE RECEIVED. ADDITIONAL TERMS AND CONDITIONS OF THE CONFIDENTIAL SEVERANCE AGREEMENT WILL BE PROVIDED TO THE IRS UPON REQUEST. MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 NONEAVAIL 2011-06-01 12200000 TO REFUND 2001 BONDS AND TO FUND CAPITAL IMPROVEMENTS TO THE FACILITIES 0 0 0 330000 12200000 34949 9000000 3165051 1 0 0 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 ANDREW D MARTIRE NOTE X 318840 144295 0 1 1 144295 ANNE C MCGRAW WIFE OF JOSEPH P. MCGRAW, DIRECTOR OF FINANCE & OPERATIONS 51620 CALVERT SCHOOL TEACHER 0 X 23 129007 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE A NUMBER OF STANDING COMMITTEES OF THE BOARD WHICH ALL DOCUMENT THEIR MEETINGS; HOWEVER THE EXECUTIVE COMMITTEE OF THE BOARD HAS NOT DOCUMENTED THEIR MEETINGS. THE EXECUTIVE COMMITTEE HAS COMMITTED TO DOCUMENTING THEM IN THE FUTURE. FORM 990, PART VI, SECTION B, LINE 11 THE SCHOOL'S FINANCIAL MANAGERS AND STAFF PROVIDE THE NECESSARY INFORMATION TO PREPARE THE TAX RETURN. A COMMITTEE OF FOUR BOARD MEMBERS WITH FINANCIAL BACKGROUNDS AND KNOWLEDGE OF THE SCHOOL'S FINANCIAL REPORTING REVIEW A DRAFT OF THE COMPLETED RETURN PRIOR TO FILING THE RETURN. THE ENTIRE BOARD OF TRUSTEES RECEIVES A FULL COPY OF THE RETURN BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF TRUSTEE MEMBERS AND TOP MANAGEMENT OFFICIALS ANNUALLY COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE STATEMENT REQUIRES DISCLOSURE OF "ANY MATTER THAT THE BOARD MEMBER BELIEVES MAY INVOLVE A POSSIBLE CONFLICT OF INTEREST AND SHALL THEREAFTER SUPPLEMENT SUCH ANNUAL WRITTEN DISCLOSURE WITH INFORMATION PERTAINING TO CONFLICTS OF INTEREST ARISING AFTER THE ANNUAL DISCLOSURE HAS BEEN FILED." FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS A COMPENSATION COMMITTEE COMPRISED OF TWO BOARD MEMBERS AND A FORMER BOARD MEMBER. THE COMMITTEE MEETS ANNUALLY TO REVIEW THE COMPENSATION OF TOP MANAGEMENT OFFICIALS AND REVIEWS WRITTEN EMPLOYMENT CONTRACTS WHEN RENEWED OR REVISED. AN INDEPENDENT CONSULTANT IS HIRED TO PREPARE A MARKET STUDY REPORT OF COMPENSATION PACKAGES OF COMPARABLE SCHOOL'S MANAGEMENT. THE COMMITTEE REVIEWS THE PERFORMANCE OF MANAGEMENT AND THE INDEPENDENT CONSULTANT'S REPORT. THE COMPENSATION COMMITTEE APPROVES THE COMPENSATION PLANS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,724,134. PENSION RELATED CHANGES -6,819,900. TOTAL TO FORM 990, PART XI, LINE 5: -8,544,034. CALVERT EDUCATION SERVICES LLC 105 TUSCANY ROAD BALTIMORE MD 21210 274297066 EDUCATION MD 16900474 8397830 CALVERT SCHOOL INC