BULLIS SCHOOL INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- BULLIS SCHOOL INC (EIN 52-0635080)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-13
- IRS object ID
- 201131339349302158
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-13T10:03:46-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM MCGLADREY INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9737 WASHINGTONIAN BLVD 400 | AddressLine1 |
| City | GAITHERSBURG | City |
| State | MD | State |
| ZIP Code | 208787340 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520635080 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BULLIS SCHOOL INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BULL | NameControl |
| Phone | 3012998500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10601 FALLS ROAD | AddressLine1 |
| City | POTOMAC | City |
| State | MD | State |
| ZIP Code | 20854 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | todd mccreight | Name |
| Title | Business Officer | Title |
| Phone | 3012998500 | Phone |
| Date Signed | 2011-05-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Bill Turco | Name |
| Phone | 3012963600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | THOMAS FARQUHAR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10601 FALLS ROAD | AddressLine1 |
| City | POTOMAC | City |
| State | MD | State |
| ZIP Code | 20854 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 30863089 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.BULLIS.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1936 | YearFormation |
| State Legal Domicile | MD | StateLegalDomicile |
| Activity Or Mission Description | PROVIDES CO-EDUCATIONAL ELEMENTARY AND SECONDARY EDUCATION TO STUDENTS | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 19 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 490 | TotalNbrEmployees |
| Total Nbr Volunteers | 178 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 861 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 921625 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1198209 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 19436880 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 19329732 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -265179 | InvestmentIncomePriorYear |
| Investment Income Current Year | 298997 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 537801 | OtherRevenuePriorYear |
| Other Revenue Current Year | 445121 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 20631127 | TotalRevenuePriorYear |
| Total Revenue Current Year | 21272059 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2290191 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2804491 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 12610108 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 12613151 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 35397 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 770953 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 6455056 | OtherExpensePriorYear |
| Other Expenses Current Year | 6050863 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 21355355 | TotalExpensesPriorYear |
| Total Expenses Current Year | 21503902 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -724228 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -231843 | RevenuesLessExpensesCY |
| Total Assets BOY | 44459330 | TotalAssetsBOY |
| Total Assets EOY | 45306191 | TotalAssetsEOY |
| Total Liabilities BOY | 24244815 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 24474292 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 20214515 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 20831899 | NetAssetsOrFundBalancesEOY |
| Mission Description | Bullis School is an independednt, co-educational college preparatory day school offering girls and boys in grades 3 through 12 an educational program of excellence in a community that values integrity, respect, responsibility, diversity and service. A caring and supportive faculty fosters a positive attitude about learning and challenges its students to achieve their highest potential in academics, the arts and athletics. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 16805640 | Expense |
| Grants | 2804491 | Grants |
| Revenue | 19329732 | Revenue |
| Description | PROVIDES CO-EDUCATIONAL ELEMENTARY AND SECONDARY SCHOOL EDUCATION TO 650 STUDENTS:PROMOTE DIVERSITY AND OFFER AN INDEPENDENT SCHOOL EDUCATION TO ELIGIBLE STUDENTS REGARDLESS OF FINANCIAL ABILITY. | Description |
| Total Program Service Expense | 16805640 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 51 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 490 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Name Of Foreign Country | EI | NameOfForeignCountry |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 19 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARIA THOMAS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3012998500 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10601 FALLS ROAD | AddressLine1 |
| City | POTOMAC | City |
| State | MD | State |
| ZIP Code | 20854 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (25 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Kenneth Thompson | |||||||
| Chairman | 2.00 | X | X | 0 | 0 | 0 | |
| Thomas Sullivan | |||||||
| Vice Chairman | 2.00 | X | X | 0 | 0 | 0 | |
| Gina Steinway | |||||||
| Secretary | 2.00 | X | X | 0 | 0 | 0 | |
| Andrew Blair | |||||||
| Treasurer | 2.00 | X | X | 0 | 0 | 0 | |
| Philip O'Donoghue | |||||||
| Counsel to the Board | 2.00 | X | X | 0 | 0 | 0 | |
| Marian Bennett Esq | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Holly Funger | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Adam Greenberg | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Kathryn Hanley | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Allan McKelvie | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Chris Nordeen | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Xiumin Overall | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Leroy Pingho | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Milton Theo | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| David Trone | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Cyndi Bullis Vasco | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Dell Warren | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Mark Weinberger | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Paula Widerlite | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Thomas Farquhar | |||||||
| Headmaster | 60.00 | X | 305474 | 0 | 52656 | ||
| Todd McCreight | |||||||
| Business Officer | 50.00 | X | 156037 | 0 | 11211 | ||
| Martin Berger | |||||||
| Teacher | 40.00 | 113865 | 0 | 7378 | X | ||
| Bruce Kelley | |||||||
| Teacher | 40.00 | 109422 | 0 | 36122 | X | ||
| Andrew Delinsky | |||||||
| Teacher | 40.00 | 102514 | 0 | 11829 | X | ||
| Amy Jones | |||||||
| Teacher | 40.00 | 102184 | 0 | 10444 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 889496 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 129640 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Pioneer Building Services Inc | |||||
| 9600 Blackwell Road Suite 200 | ROCKVILLE | MD | 20850 | Janitorial/Cleaning | 312145 |
| Sodexo Inc | |||||
| POBox 536922 | ATLANTA | GA | 303536922 | Food services | 239671 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Fundraising Events | 18675 | FundraisingEvents |
| All Other Contributions | 1179534 | AllOtherContributions |
| Noncash Contributions | 47182 | NoncashContributions |
| Total Contributions | 1198209 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION/FEES | 900099 | 18131909 | 18131909 |
| SUMMER PROGRAMS | 900099 | 1019444 | 1019444 |
| TRANSPORTATION | 900099 | 121153 | 121153 |
| auxiliary | 900099 | 50217 | 50217 |
| STUDENT ACTIVITIES | 900099 | 7009 | 7009 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 19329732 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 424366 | TotalRevenueColumn |
| Exclusion | $424,366 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 260119 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 260119 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 260119 | TotalRevenueColumn |
| Exclusion | $260,119 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8981873 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9107242 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -125369 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -125369 | TotalRevenueColumn |
| Exclusion | -$125,369 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 232898 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 18675 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 144165 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 88733 | TotalRevenueColumn |
| Exclusion | $88,733 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 430823 | GrossSalesOfInventory |
| Cost Of Goods Sold | 339623 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 91200 | TotalRevenueColumn |
| Exclusion | $91,200 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER income | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 5069 | TotalRevenueColumn |
| Exclusion | $5,069 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 5069 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 21272059 | TotalRevenueColumn |
| Related Or Exempt Function Income | 19329732 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $744,118 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2804491 | Total |
| Program Services | 2804491 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 545976 | Total |
| Program Services | 405125 | ProgramServices |
| Management And General | 116249 | ManagementAndGeneral |
| Fundraising | 24602 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9835666 | Total |
| Program Services | 7321513 | ProgramServices |
| Management And General | 2100875 | ManagementAndGeneral |
| Fundraising | 413278 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 576172 | Total |
| Program Services | 427531 | ProgramServices |
| Management And General | 122678 | ManagementAndGeneral |
| Fundraising | 25963 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 903644 | Total |
| Program Services | 858476 | ProgramServices |
| Management And General | 9450 | ManagementAndGeneral |
| Fundraising | 35718 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 751693 | Total |
| Program Services | 557771 | ProgramServices |
| Management And General | 160050 | ManagementAndGeneral |
| Fundraising | 33872 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44510 | Total |
| Management And General | 44510 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66679 | Total |
| Management And General | 66679 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35397 | Total |
| Fundraising | 35397 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60250 | Total |
| Management And General | 60250 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 545809 | Total |
| Program Services | 362328 | ProgramServices |
| Management And General | 171883 | ManagementAndGeneral |
| Fundraising | 11598 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141158 | Total |
| Program Services | 29052 | ProgramServices |
| Management And General | 29362 | ManagementAndGeneral |
| Fundraising | 82744 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1027557 | Total |
| Program Services | 603705 | ProgramServices |
| Management And General | 408588 | ManagementAndGeneral |
| Fundraising | 15264 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 908494 | Total |
| Program Services | 816942 | ProgramServices |
| Management And General | 91552 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25694 | Total |
| Management And General | 24289 | ManagementAndGeneral |
| Fundraising | 1405 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93564 | Total |
| Program Services | 93564 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 942879 | Total |
| Program Services | 834411 | ProgramServices |
| Management And General | 108468 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1047502 | Total |
| Program Services | 890377 | ProgramServices |
| Management And General | 157125 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 164010 | Total |
| Program Services | 122940 | ProgramServices |
| Management And General | 41070 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| other expenses | 354209 | 179505 | 137379 | 37325 |
| DEPARTMENTS | 247899 | 247899 | ||
| STUDENT PROGRAMS | 148295 | 148295 | ||
| BAD DEBT | 112523 | 58736 | 53787 | |
| Amortization | 43176 | 36700 | 6476 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76655 | Total |
| Program Services | 65015 | ProgramServices |
| Management And General | 11640 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21503902 | Total |
| Program Services | 16805640 | ProgramServices |
| Management And General | 3927309 | ManagementAndGeneral |
| Fundraising | 770953 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31014 | BOY |
| EOY | 34223 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9414475 | BOY |
| EOY | 7210485 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 180317 | BOY |
| EOY | 210340 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104760 | BOY |
| EOY | 99948 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114408 | BOY |
| EOY | 111749 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 463471 | BOY |
| EOY | 313848 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 40785594 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 17423747 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24098367 | BOY |
| EOY | 23361847 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6694806 | BOY |
| EOY | 8672891 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1756500 | BOY |
| EOY | 3332728 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1601212 | BOY |
| EOY | 1958132 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44459330 | BOY |
| EOY | 45306191 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 841994 | BOY |
| EOY | 838761 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4532602 | BOY |
| EOY | 5172194 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18405000 | BOY |
| EOY | 17945000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 161870 | BOY |
| EOY | 212374 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 303349 | BOY |
| EOY | 305963 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24244815 | BOY |
| EOY | 24474292 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17277352 | BOY |
| EOY | 17926650 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 306422 | BOY |
| EOY | 224440 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2630741 | BOY |
| EOY | 2680809 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20214515 | BOY |
| EOY | 20831899 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44459330 | BOY |
| EOY | 45306191 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 11745669 | BeginningOfYearBalance |
| Contributions | 451349 | Contributions |
| Investment Earnings Or Losses | 384093 | InvestmentEarningsOrLosses |
| Other Expenditures | 144165 | OtherExpenditures |
| End Of Year Balance | 12436946 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 13845175 | BeginningOfYearBalance |
| Contributions | 414229 | Contributions |
| Investment Earnings Or Losses | -2377515 | InvestmentEarningsOrLosses |
| Other Expenditures | 136220 | OtherExpenditures |
| End Of Year Balance | 11745669 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.78000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.22000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 587891 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 679687 | OtherCostOrOtherBasis |
| Book Value | 1267578 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 33828758 | OtherCostOrOtherBasis |
| Depreciation | 12053991 | Depreciation |
| Book Value | 21774767 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5689258 | OtherCostOrOtherBasis |
| Depreciation | 5369756 | Depreciation |
| Book Value | 319502 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 23361847 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| oil and gas partnership | 1572 | F |
| limited partnerships | 3331156 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 3332728 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ANNUITIES PAYABLE | $26,259 |
| funds held for others | $279,704 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 305963 | TotalOfAmounts |
| Total Revenue | 21272059 | TotalRevenue |
| Total Expenses | 21503902 | TotalExpenses |
| Excess Or Deficit For Year | -231843 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 849227 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 849227 | TotalAdjustments |
| Excess Or Deficit Per FS | 617384 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 19740333 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 849227 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 849227 | RevenueNotRptdF990 |
| Revenue Subtotal | 18891106 | RevenueSubtotal |
| Investment Expenses Not Included | 60250 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 2320703 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2380953 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 21272059 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 19122949 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 483788 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 483788 | ExpensesNotRptdF990 |
| Expenses Subtotal | 18639161 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 60250 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 2804491 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2864741 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 21503902 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part V, Line 4: | Description of Intended Use of Endowment Funds: | Earnings from the unrestricted endowment support the operating expenses of the school; earnings from the restricted endowment support faculty development and financial aid. |
| 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. |
| Part XII, Line 4b - Other Adjustments: | FINANCIAL AID: 2804491. GALA - costs: -144165. INVENTORY - COST OF SALES: -339623. | |
| Part XIII, Line 2d - Other Adjustments: | INVENTORY - COST OF SALES: 339623. GALA - COSTS: 144165. | |
| Part XIII, Line 4b - Other Adjustments: | FINANCIAL AID: 2804491. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | An advertisement was placed in the Washington post newspaper announcing the school's non-discrimination policy. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Marts & Lundy | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | fundraising campaign consulting | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 35397 | AmountRetainedByContractor |
| Net To Organization | -35397 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 35397 | TotalRetainedByContractors |
| Total Net To Organization | -35397 | TotalNetToOrganization |
| Licensed States | MD | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | ANNUAL GALA | NameOfEvent1 |
| Gross Receipts Event1 | 251573 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 18675 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 232898 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 144165 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 251573 | GrossReceiptsTotal |
| Charitable Contributions Total | 18675 | CharitableContributionsTotal |
| Gross Revenue Total Events | 232898 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 144165 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 144165 | DirectExpenseSummaryEvents |
| Net Income Summary | 88733 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | financial aid for tuition | TypeOfGrant |
| Number Of Recipients | 151 | NumberOfRecipients |
| Amount Of Cash Grant | 2804491 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: All financial aid at Bullis is granted based on demonstrated financial need, offered in order to ensure economic AND RACIAL DIVERSITY IN THE STUDENT BODY, CONSISTENT WITH THE SCHOOL'S ADMISSION POLICIES. SOME OF THE FACTORS CONSIDERED ARE: INCOME (BOTH TAXABLE AND NONTAXABLE), ASSETS,NUMBER OF DEPENDENTS, AGE OF PARENTS AND NUMBER OF CHILDREN ATTENDING TUITION-CHARGING SCHOOLS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Thomas Farquhar | |||||||||||||
| 289974 | 0 | 0 | 0 | 15500 | 0 | 19747 | 0 | 33170 | 0 | 358391 | 0 | 0 | 0 |
| Todd McCreight | |||||||||||||
| 156037 | 0 | 0 | 0 | 0 | 0 | 10923 | 0 | 549 | 0 | 167509 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 1a | ReturnReference |
| Explanation | tax indemnification payments are made for Sect 162 Double Bonus for the disability Insurance benefit paid to head of school. the school compensates the headmaster with a package that includes housing, which is necessary to carry out the duties of his job. The housing benefit is treated as non-taxable compensation under code section 119(d). We have disclosed fair rental value as the value of the housing benefit - $24,330 . The entire compensation package, including the housing arrangement was approved by the board of trustees with proper documentation. A house keeping benefit is provided to the head of school. This benefit is related to the use of the housing in the conduct of the headmaster's official duties. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 47182 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | The Form 990 will be reviewed by the Board Finance Committee, which performs the functions of an audit committee in addition to its other financial responsibilities. RSM McGladrey, the firm that prepares the Form 990 for the School, will make the presentation to the Finance Committee. Once the Finance Committee is satisfied with the Form 990, The Form 990 is sent to the full Board of Trustees for review and for their information |
| Form 990, Part VI, Section B, line 12c | Each Board member is required each fall to review the Board conflict of interest policy, and sign a statement that certifies that they understand the policy, agree to comply with the policy, and have no conflicts as described in the policy. If a conflict exists or is perceived, the Board member is required to notify the Board Chair. The Business Officer monitors all transactions between all disqualified persons (which includes all Board members) and the School to ensure that the conflict of interest policy is being fully complied with. If the Business Officer finds a transaction that appears to violate the conflicts policy, he/she notifies the Head of School and Board Chair, who then meet with the disqualified person to investigate the potential conflict and resolve it in a manner that complies with the conflicts policy. |
| Form 990, Part VI, Section B, line 15 | For the Head of School: Each time the Board enters into an employment contract with the Head of School (generally every three to five years), an ad hoc Board compensation committee is formed to follow a procedure that is designed to obtain a rebuttable presumption of reasonableness: 1. All Board members chosen for the compensation committee are queried to ensure that no member has a personal interest in the compensation decision. 2. Compensation (salary and benefits) comparability data is obtained for the dozen or so DC-area independent schools that most closely resemble Bullis in enrollment, budget, and assets. The comparability data is obtained from the National Association of Independent Schools and from the Association of Greater Washington Independent Schools. 3. The comparability data is tabulated and compared to the proposed compensation for the head of school. The compensation committee decides whether the proposed compensation is reasonable in light of what comparable schools are currently paying their heads, and makes adjustments to the proposed compensation as necessary to ensure reasonableness and comparability. 4. The compensation committee documents the basis for its determination concurrently with the approval. Documentation includes: terms of the proposed compensation, members of the committee who were present and voted, and the comparability data and how it was obtained. 5. The compensation committee then meets with the head search committee (if one then exists) to present its determination, and the search committee finalizes the offer to the head. 6. The major details of the head contract are then presented to the full Board of Trustees for their information and acceptance. Every few years during a head's contract term, a slightly less formal version of this process is followed to ensure that compensation increases awarded the head under the current contract remain reasonable compared to like schools. For the Business Officer: Whenever a compensation committee is formed to examine the Head's compensation, it uses the same process to examine the Business Officer's compensation, to ensure reasonableness and comparability. |
| Form 990, Part VI, Section C, line 19 | The Board has no specific policy on this matter. The School's practice is to share these documents on request with individuals or organizations that have a legitimate business need to see the documents. |