2011-05-03T15:30:21-05:00 2010-06-30 RSM MCGLADREY INC 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2009-07-01 530196507 THE HOLTON-ARMS SCHOOL HOLT 3013655300 7303 RIVER ROAD BETHESDA MD 20817 SUSANNA A JONES 3013655300 2011-05-03 1 Bill Turco 3012963600 2009 2016-02-24 21:20:13Z SUSANNA A JONES 7303 RIVER ROAD BETHESDA MD 20817 61249946 0 X www.HOLTON-ARMS.EDU X 1901 MD a PRIVATE EDUCATION INSTITUTION FOR GIRLS IN GRADES THREE THROUGH TWELVE 24 23 468 250 0 0 1696303 1016856 20561804 20847680 1464873 -1681927 299754 470463 24022734 20653072 2111346 2782559 0 14634913 14414709 0 1025008 8981573 8958499 25727832 26155767 -1705098 -5502695 88528780 88635604 31681433 31900493 56847347 56735111 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 18888264 2671548 20847680 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 ; State of Maryland. 18888264 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 50 0 1 468 1 0 0 0 0 0 1 1 0 0 0 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X X JANICE DEMARE - Assistant Secretary of the Board 3013656007 7303 RIVER ROAD BETHESDA MD 20817 KIMBERLY H SAMPERTON 3.00 X X 0 0 0 PATRICK REGAN 3.00 X X 0 0 0 MELANIE G DORSEY 3.00 X X 0 0 0 LEIGH ERNST Friestedt 3.00 X X 0 0 0 BARBARA BERNSTEIN 3.00 X 0 0 0 ALAN D COHEN 3.00 X 0 0 0 robert h edwards jr 3.00 X 0 0 0 Elizabeth Hadley 3.00 X 0 0 0 Claudia Mispireta Hinsch 3.00 X 0 0 0 WILLIAM JACKSON 3.00 X 0 0 0 Amy Kaslow 3.00 X 0 0 0 GABRIELLE J L KORAB 3.00 X 0 0 0 BARBARA J KRUMSIEK 3.00 X 0 0 0 Peter Manos 3.00 X 0 0 0 LESLIE LAWLEY MEYER 3.00 X 0 0 0 DESIREE JACQUELINE Guerzon PLANK 3.00 X 0 0 0 CATHERINE B REYNOLDS 3.00 X 0 0 0 MELISSA SIEGEL 3.00 X 0 0 0 r howard taylor iii 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 mary wallack 3.00 X 0 0 0 christie-anne weiss 3.00 X 0 0 0 john j wu 3.00 X 0 0 0 janice v demare 40.00 X 76717 0 17444 RICHARD K ESPOSITO 40.00 X 165574 0 20108 SUSANNA A JONES 40.00 X 256375 0 125696 SHARRON RODGERS 40.00 X 130066 0 19744 ELIZABETH Glen PENCE 40.00 X 128322 0 68933 PATRICK Martin Bane 40.00 X 110825 0 8866 ANTHONY James SHAWE 40.00 X 108112 0 19362 Anna W hosea 40.00 X 105923 0 15239 1081914 0 295392 7 0 1 0 Sodexo PO BOX 536922 atlanta GA 303536922 FOOd Service 696238 MAKRO SERVICES PO BOX 1536 ROCKVILLE MD 20849 CLEANING SERVICES 466238 DESIGNDATA 7606 Lindbergh Dr GAITHERSBURG MD 20879 IT CONSULTING 291576 CDW 75 REMITTANCE DRL SUITE 1515 CHICAGO IL 60610 SOFTWARE & HARDWARE 140774 rICHARD'S COMPUTER 2803 MERRILEE DRIVE FAIRFAX VA 22031 COMPUTER SALES 119879 6 3980 1012876 1016856 EDUCATIONAL PROGRAM 900099 20721155 20721155 STUDENT SUPPORT SERVIC 900099 126525 126525 20847680 1379030 1379030 291891 291891 291891 291891 37384845 40445802 -3060957 -3060957 -3060957 207398 3980 87918 119480 119480 38849 63154 -24305 -24305 OTHER INCOME 900099 83397 83397 83397 20653072 20847680 0 -1211464 2782559 2782559 498667 498667 10624789 8290511 1760039 574239 747329 747329 1695125 1599830 95295 848799 848799 31422 31422 154523 154523 43800 43800 227451 227451 69765 69765 148272 148272 411888 411888 1652188 1652188 90706 67188 23518 973574 973574 2055085 1594598 358269 102218 174230 174230 STUDENT SUPPORT 929729 929729 SPECIAL PROGRAMS AND PR 663550 663550 ACADEMIC, CURRICULUM & 596408 596408 STUDENT ACTIVITIES 286110 286110 fundraiSING 229738 229738 220060 220060 26155767 18888264 6242495 1025008 14364 2153 5169942 4174888 1109349 638684 88800 113144 65804 72117 528745 744776 67156217 26826868 41768525 40329349 39654627 42442597 128624 117896 88528780 88635604 2311443 2128935 6196825 6427206 20600000 20200000 2573165 3144352 31681433 31900493 X 50814544 51015433 263899 221718 5768904 5497960 56847347 56735111 88528780 88635604 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41955351 4185741 -270944 1830920 44039228 52101886 2716144 12862679 41955351 0.88000 0.12000 0 0 3961813 3961813 56169749 21007110 35162639 3886736 2791808 1094928 3137919 3027950 109969 40329349 FUNDS HELD FOR OTHERS 593064 INTEREST RATE SWAP AGREEMENT 2551288 3144352 20653072 26155767 -5502695 5922307 -531848 5390459 -112236 23493936 5922307 -531848 5390459 18103477 227451 2322144 2549595 20653072 23606172 151072 151072 23455100 227451 2473216 2700667 26155767 Part V, Line 4: Description of Intended Use of Endowment Funds: The Board of Trustees sets the annual spending policy for the Pooled Investment with the goal of balancing the benefit for present operations and safeguarding the institution for future plans. Part X: Description of Uncertain Tax Positions Under FIN 48: 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 had 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. With few exceptions, the School is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for years before 2007. At this time, the school has no knowledge of any exceptions relevant to income tax examinations by the U.S. federal, state or local tax authorities for years before 2007. Part XI, Line 8 - Other Adjustments: UNREALIZED gain (loss) ON INTEREST RATE SWAP: -531848. Part XII, Line 2d - Other Adjustments: UNREALIZED GAIN/(LOSS) on INTEREST RATE SWAP agreement: -531848. Part XII, Line 4b - Other Adjustments: FINANCIAL AID: 2473216. cost of goods sold REPORTED ON LINE 10B: -63154. special event expenses reported on line 9b: -87918. Part XIII, Line 2d - Other Adjustments: cost of goods sold REPORTED ON LINE 10B: 63154. special event expenses reported on line 9b: 87918. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID: 2473216. 1 1 1 the racial nondiscrimination POLICY IS PUBLICIZED THROUGH PRINTED MATERIALS AND PERIODIC ADVERTISEMENTS. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 AUCTION 211128 3980 207148 4700 27322 5895 50001 211128 3980 207148 4700 27322 5895 50001 87918 119230 1 financial aid 150 2671548 reciprocal tuition remission 5 111011 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 AID COMMITTEE WHICH UTILIZES THE PRINCETON SYSTEM TO ESTABLISH THE NEED OF THE RECIPIENTS. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 RICHARD K ESPOSITO 165574 0 0 0 0 0 13702 0 6405 0 185681 0 0 0 SUSANNA A JONES 233613 0 0 0 22762 0 51188 0 83241 0 390804 0 0 0 ELIZABETH Glen PENCE 128322 0 0 0 0 0 10880 0 58053 0 197255 0 0 0 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 Part I, Line 4a SUSANNA A. JONES - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN - $32,288 financial aid 33000 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 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. Once we know that the Board has been given enough time for this review process, then the 990 is filed. Form 990, Part VI, Section B, line 12c Annually, at the first Board of Trustees meeting, we require that everyone stated to be involved in this process fill out a form and sign it stating that there is no conflict of interest. These forms are maintained by the Assistant Secretary of the Board. Form 990, Part VI, Section B, line 15a At the time of a new hire of a Head of School, 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 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 reviewed by a legal firm. The Board of Trustees discusses and votes on the Compensation Committee 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.