2013-05-15T13:38:52-05:00 2012-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2011-07-01 520591625 THE PARK SCHOOL OF BALTIMORE PARK 4103397070 2425 OLD COURT ROAD BALTIMORE MD 21208 DAN PARADIS 4103397070 2013-05-14 1 LORI S BURGHAUSER P00370694 4104031500 2013-05-14 2011 2016-02-24 21:20:13Z X DAN PARADIS 2425 OLD COURT ROAD BALTIMORE MD 21208 33500333 0 X WWW.PARKSCHOOL.NET X 1940 MD TO PROVIDE EDUCATION TO STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 27 27 471 1000 4820 3820 1565232 4762589 21849700 21900355 2252592 478229 143535 170773 25811059 27311946 4379180 4418666 0 0 13703173 14048527 0 0 264756 6531660 6174077 24614013 24641270 1197046 2670676 62488303 63470525 19065845 18907810 43422458 44562715 X THE PARK SCHOOL, FOUNDED IN 1912, IS A NON-SECTARIAN, INDEPENDENT CO-EDUCATIONAL DAY SCHOOL EDUCATING STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. AS ONE OF THE EARLY PROGRESSIVE SCHOOLS, PARK'S CORE VALUES TODAY, AS AT ITS FOUNDING, ARE A BELIEF IN CHILDREN'S CAPACITY TO ENJOY LEARNING, TO ACT RATIONALLY, AND TO GROW WHEN INSPIRED BY HIGHLY QUALIFIED, CARING TEACHERS. A COMMITMENT TO EQUITY AND INCLUSIVENESS ARE FUNDAMENTAL TO PARK'S PHILOSOPHY. 0 0 18617202 4418666 20553023 INSTRUCTION & OTHER ACADEMIC PROGRAM EXPENSES - GENERAL OPERATION OF THE SCHOOL; PROVIDING BASIC EDUCATION FOR GRADES KINDERGARTEN THROUGH 12. 1426829 817965 AUXILIARY PROGRAMS & SPECIAL ACTIVITIES - EXPENSES ASSOCIATED WITH PROVIDING SUMMER CAMP, CAFETERIA AND SPECIAL PROGRAMS FOR THE CONVENIENCE OF THE STUDENTS. 20044031 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 40 0 471 1 1 1 0 0 0 0 1 1 0 0 0 1 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 MD X JOAN WEBBER 4103394161 2425 OLD COURT ROAD BALTIMORE MD 21208 JAMES WYDA 1.00 X 0 0 0 MARIA TILDEN 1.00 X 0 0 0 THOMAS WETZLER 1.00 X 0 0 0 ROBIN DAVIS MILLER 1.00 X 0 0 0 LISA DVORINE ABRAMS MD 1.00 X 0 0 0 FRANK BOSTON III 1.00 X 0 0 0 CASSIE CARROLL 1.00 X 0 0 0 DAN CUMMINGS 1.00 X 0 0 0 BARRY CURTIS 1.00 X 0 0 0 BRUCE FLEMING 1.00 X 0 0 0 JEFF HETTLEMAN 1.00 X 0 0 0 DANIEL KLEIN 1.00 X 0 0 0 TRACI LERNER 1.00 X 0 0 0 MARGOT BAYLIN LESSANS 1.00 X 0 0 0 JACKIE LESSING 1.00 X 0 0 0 JANET LIVINGSTON 1.00 X 0 0 0 CARBERY MORROW 1.00 X 0 0 0 MATT MOUNTAIN 1.00 X 0 0 0 E CAREY RIES 1.00 X 0 0 0 BETSY RINGEL 1.00 X 0 0 0 ELIZABETH RODINI 1.00 X 0 0 0 DEVY RUSSELL 1.00 X 0 0 0 SARAH HIRSCHHORN SHAPIRO 1.00 X 0 0 0 STEVEN SIBEL 1.00 X 0 0 0 LAURA TUCKER 1.00 X 0 0 0 LEONARD WEINBERG 1.00 X 0 0 0 JEAN WYMAN 1.00 X 0 0 0 DAN PARADIS 40.00 X 251599 0 41717 JOAN WEBBER 40.00 X 169495 0 13567 RIDGE DIVEN 40.00 X 108005 0 13278 ROGER SEIDENMAN 40.00 X 147424 0 54125 BETSY LEIGHTON 40.00 X 138736 0 17745 815259 0 140432 5 0 1 0 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 CAFETERIA 392115 CHRISTAR INC 2335 WILLOW VALE DRIVE FALLSTON MD 21047 CLEANING 308783 JAMES A QUICK 21 NEWPORT DRIVE SUITE A FOREST HILL MD 21050 HVAC 104945 3 8720 4753869 36110 4762589 TUITION & FEES 611600 20553023 20553023 SUMMER CAMP 611600 476238 476238 CAFETERIA 722210 370237 370237 EXTENDED DAY 611600 196797 196797 BUS OPERATIONS 485000 181014 181014 123046 123046 21900355 473256 4820 468436 201142 54908 146234 146234 146234 5958209 5953236 4973 4973 4973 41210 8720 7159 34051 34051 141688 173084 -31396 -31396 MISCELLANEOUS 611600 21884 21884 21884 27311946 21370988 4820 1173549 4418666 4418666 666985 542548 117271 7166 11186573 8533388 2564135 89050 661205 465815 190110 5280 723609 492862 225073 5674 810155 637896 165442 6817 34525 34525 50618 50618 88533 87144 1389 14975 14975 116689 116689 154907 73381 70249 11277 153719 153719 1122868 1122868 259018 259018 1302309 1302309 132676 132676 CAFETERIA AND BUS OPERA 743107 743107 SUMMER CAMP 388123 388123 EDUCATION EXPENSES/EXTE 375277 375277 FACA CONTRACTS & SUPPOR 236119 236119 1000614 711672 150839 138103 24641270 20044031 4332483 264756 240 8593030 10143503 2939423 2848997 459825 470085 100000 75000 61196 39347 283540 329520 38697518 13193181 25890861 25504337 7373684 8188772 16672205 15760876 114539 109848 62488303 63470525 1776525 1758287 3946426 3451620 13195199 12796432 147695 901471 19065845 18907810 X 18582613 18848370 10734137 9391138 14105708 16323207 43422458 44562715 62488303 63470525 X 2670676 -1530419 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 10 30.00 1 0 0 23624121 3493000 -208958 1388117 25520046 19025962 1028021 4534975 964337 23624621 16371635 1419075 2267402 1032150 19025962 22061372 954038 -5183590 1460185 16371635 0.21310 0.58340 0.20350 0 0 2102531 2102531 32240129 11963830 20276299 3821805 1229351 2592454 533053 533053 25504337 MUTUAL FUNDS 9809956 F ALTERNATIVE INVESTMENTS 5950920 F 15760876 DUE TO STUDENT ORGANIZATIONS 26962 INTEREST RATE SWAP CONTRACT 874509 901471 27311946 24641270 2670676 -777298 -753121 -1530419 1140257 20576950 -777298 -777298 21354248 87144 5870554 5957698 27311946 19436693 899355 899355 18537338 87144 6016788 6103932 24641270 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE EXPENSES ARE CATEGORIZED AS ENGINEERING, PERMITS AND OTHER ASSOCIATED FEES. THERE IS NOT A FOOTNOTE IN THE FINANCIAL STATEMENTS FOR THE CONSERVATION EASEMENTS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO ALLOW THE SCHOOL TO CONTINUE TO CARRY OUT ITS MISSION OF PROVIDING EXTRAORDINARY EDUCATION FOR ITS STUDENTS. THE ENDOWMENT SUPPORTS CURRENT OPERATIONS AND HELPS SECURE FINANCIAL STABILITY AS THE SCHOOL ENTERS ITS SECOND CENTURY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ASC 740, INCOME TAXES (ASC 740), PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AS WELL AS GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES AND FINANCIAL STATEMENT REPORTING DISCLOSURES. FOR THESE 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 REALIZED UPON ULTIMATE SETTLEMENT. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURE AS A COMPONENT OF INCOME TAX EXPENSE. THE SCHOOL DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 31, 2012 AND 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP ON LONG TERM DEBT -753,121. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCAL STATEMENT 1,417,837. FINANCIAL ASSISTANCE GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENT 4,418,666. NET SPECIAL EVENTS INCOME 34,051. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES SHOWN NET ON 990 146,234. UNREALIZED LOSS ON INTEREST RATE SWAP CONTRACT 753,121. PART XIII, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED WITH EXPENSES ON FINANCIAL STATEMENT 1,417,837. FINANCIAL ASSISTANCE GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENT 4,418,666. RENTAL EXPENSES SHOWN NET ON 990 146,234. NET SPECIAL EVENTS INCOME 34,051. 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 SCHOOL IS ALIGNED WITH AIMS (A CONSORTIUM OF INDEPENDENT SCHOOLS) AND ADVERTISES THROUGH THEM. ALL ADS AND SCHOOL LITERATURE STATE THE NON-DISCRIMINATORY POLICY. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 2640723 0 0 0 0 0 0 2640723 0 2640723 1 0 0 0 1 0 GOLF 21225 4320 16905 3776 AUCTION 28705 4400 24305 3383 49930 8720 41210 7159 7159 34051 1 FINANCIAL ASSISTANCE TO STUDENTS 256 4418666 FAMILIES RECEIVING FINANCIAL ASSISTANCE MUST GO THROUGH AN EXTENSIVE APPLICATION PROCESS. THEIR FINANCIAL AID AWARD IS DETERMINED BASED ON MULTIPLE FACTORS INCLUDING AMONG OTHERS, INCOME, ASSETS, AND LIABILITIES. FAMILIES MUST RE-APPLY FOR EACH SCHOOL YEAR. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 DAN PARADIS 251599 0 0 0 0 0 13934 0 27783 0 293316 0 0 0 JOAN WEBBER 169495 0 0 0 0 0 10491 0 3076 0 183062 0 0 0 ROGER SEIDENMAN 147424 0 0 0 0 0 8845 0 45280 0 201549 0 0 0 BETSY LEIGHTON 138736 0 0 0 0 0 8984 0 8761 0 156481 0 0 0 PART I, LINE 1A DAN PARADIS, HEAD OF SCHOOL, IS THE ONLY EMPLOYEE RECEIVING ANY OF THESE BENEFITS. THESE BENEFITS ARE INCLUDED IN DAN PARADIS'S W-2 TAXABLE COMPENSATION AND ARE PART OF HIS COMPENSATION PACKAGE. MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AUTHORITY (MHHEFA) 520936091 NONEAVAIL 2010-12-01 14590000 REFUNDING OF 2000 AND 2002 BONDS 0 0 0 1793568 14590000 14590000 2011 1 0 1 1 0 0 0 0 0.00000 0.00000 1 0 1 0 0 0 0 DAN PARADIS PERSONAL LOAN FOR HOME X 100000 75000 0 1 1 75000 X 2 1300 FMV X 12 34810 FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: INVESTMENT COMPANY EXECUTES SALES ORDER FOR STOCK SALES; CAR DEALERSHIPS PURCHASE VEHICLES DONATED FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE HEAD OF SCHOOL, DIRECTOR OF FINANCE & OPERATIONS, THE TREASURER OF THE BOARD OF TRUSTEES AND THE PRESIDENT OF THE BOARD OF TRUSTEES REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS AND MADE AVAILABLE TO THE ENTIRE GOVERNING BODY. BOARD MEMBERS ARE NOTIFIED WHEN THE 990 IS COMPLETE AND AVAILABLE IN THE BUSINESS OFFICE FOR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY READ AND SIGN THE CONFLICT OF INTEREST POLICY AND TO DISCLOSE, IF NECESSARY, ANY CONFLICTS THEY HAVE. AT THE BEGINNING OF EACH FISCAL YEAR, ALL SENIOR MANAGEMENT AND ALL COMMITTEE MEMBERS, BOARD OF TRUSTEES OR OTHERWISE, RECEIVE THE CONFLICT OF INTEREST POLICY. THEY ARE GATHERED BY THE HEAD OF SCHOOL'S ASSISTANT TO ASCERTAIN THAT ONE HAS BEEN RECEIVED BY EACH PERSON. THE POLICY PROVIDES A DEFINITION OF A CONFLICT OF INTEREST AND STATES THE INDIVIDUAL'S RESPONSIBILITY FOR DISCLOSING CONFLICTS. GENERALLY, MEMBERS SELF-IDENTIFY IF AND WHEN ONE SHOULD ARISE. IF THEY ARE UNCERTAIN AS TO WHETHER OR NOT A CONFLICT ACTUALLY EXISTS, THEY WILL CONSULT WITH THE COMMITTEE CHAIR OR STAFF MEMBER, OR THEY MAY ASK THE COMMITTEE. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL RECUSES HIMSELF FROM THE CONVERSATION AS TO NOT INFLUENCE THE DECISIONS OR RECOMMENDATIONS MADE BY THE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 A REVIEW IS PERFORMED BY THE SCHOOL COUNCIL AND EXECUTIVE COMMITTEE OF THE BOARD TO DETERMINE COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES. NAIS AND AIMS PROVIDE PEER SCHOOL INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 THE PARK SCHOOL OF BALTIMORE'S FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.COM. THE PARK SCHOOL OF BALTIMORE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -777,298. UNREALIZED LOSS ON INTEREST RATE SWAP ON LONG TERM DEBT -753,121. TOTAL TO FORM 990, PART XI, LINE 5: -1,530,419. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE PARK SCHOOL PARENTS ASSOCIATION INC 2425 OLD COURT ROAD BALTIMORE MD 21208 237280445 COMMUNICATIONS, PARENT EDUCATION, COMMUNITY SUPPORT, SPECIAL PROJECTS MD 501(C)(3) LINE 11C, III-FI NONE 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0