2011-05-16T12:00:19-05:00 2010-06-30 RSM MCGLADREY INC 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2009-07-01 520591602 FRIENDS SCHOOL OF BALTIMORE INC FRIE 4106493200 5114 NORTH CHARLES STREET BALTIMORE MD 21210 BONITA B HEARN 4106493200 2011-05-13 1 MICHAEL W BENDER 4102469300 2009 2016-02-24 21:20:13Z friends school matt micciche 5114 NORTH CHARLES STREET BALTIMORE MD 21210 43666467 0 X www.friendsbalt.org X 1974 MD Founded in 1784, Friends School of Baltimore provides a coeducational, college preparatory program guided by the Quaker values of truth, equality, simplicity, community and peaceful resolution of conflict. 26 21 525 160 0 0 2127279 1893496 21548611 22362022 517312 -68817 184692 111625 24377894 24298326 2729061 3121260 0 13765989 13965557 0 1009233 6843582 7171209 23338632 24258026 1039262 40300 64463572 66450112 13576507 12704474 50887065 53745638 Founded in 1784, Friends School of Baltimore provides a coeducational, college preparatory program guided by the Quaker values of truth, equality, simplicity,community and peaceful resolution of conflict. By setting high standards of excellence for a diverse and caring community, Friends seeks to develop in each student the spiritual, intellectual/ physical and creative strengths to make a positive contribution to the world. Recognizing that there is that of God in each person, the School strives in all its programs, policies and affairs, to be an institution that exemplifies the ideals of the Religious Society of Friends. 0 0 16466324 3121260 21100868 INSTRUCTION AND EDUCATION - FOR 977 STUDENTS IN GRADES PRIMARY THROUGH 12TH. 968741 1242496 AUXILIARY ENTERPRISES - AFTER SCHOOL PROGRAMS, MUSIC LESSONS, preschool and child care AND SUMMER CAMPS SERVING OVER 500 STUDENTS. 17435065 1 1 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 85 0 1 525 1 0 0 0 0 0 1 1 0 0 0 26 21 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 MD X BONITA B HEARN 4106493228 5114 NORTH CHARLES STREET BALTIMORE MD 21210 JOHN BAER 1.00 X 0 0 0 THOMAS BROOKS 1.00 X 0 0 0 SUE CARNELL 1.00 X 0 0 0 ALICE CHERBONNIER 1.00 X 0 0 0 ALISON FASS 1.00 X 0 0 0 NICK FESSENDEN 1.00 X 84998 0 6017 SUZY FILBERT 1.00 X 0 0 0 NORMAN FORBUSH 1.00 X 0 0 0 WALLACE GATEWOOD 1.00 X 0 0 0 THORA JOHNSON 1.00 X 0 0 0 HOWARD LOEWENBERG 1.00 X 0 0 0 ELIZABETH MCKENNON 1.00 X 0 0 0 GERRY MULLAN 1.00 X 0 0 0 DOROTHY POWE 1.00 X 0 0 0 ANNE POWELL 1.00 X 0 0 0 STEPHEN RIVES 1.00 X 0 0 0 EDWIN REMSBERG 1.00 X 0 0 0 CAROLE SCHRECK 1.00 X 0 0 0 WANDA SITZER 1.00 X 0 0 0 WILLIAM SMILLIE 1.00 X 0 0 0 DEIRDRE STOKES 1.00 X 0 0 0 MARK STROMDAHL 1.00 X 0 0 0 MAC TONASCIA 1.00 X 0 0 0 MARK WEINMAN 1.00 X 0 0 0 BILL WHITE 1.00 X 0 0 0 MATT MICCICHE 40.00 X X 228858 0 71255 BONITA B HEARN 40.00 X 124988 0 17662 GAYLE LAyfield 40.00 X 115351 0 13218 SCOTT HARRINGTON 40.00 X 114331 0 13081 jeanne phizacklea 40.00 X 100432 0 19686 768958 0 140919 5 0 1 0 henry h lewis contractors llc 55 gwynns mill court owings mills MD 21117 construction 1888268 FLIK IND SCHOOLS BY CHARTWElls PO BOX 91337 CHICAGO IL 60693 CAFETERIA SERVICE 546070 comprehensive building services 529 anneslie road baltiMORE MD 21212 JANITORIAL SERVICES 314601 chesapeake plant & ladnscaping 10714 york road cockeysville MD 21030 landscaping services 108579 4 71320 1822176 60962 1893496 TUITION 611600 20596991 20596991 AUXILIARY ENTERPRISES 611710 1123464 1123464 DINING SERVICES 611710 368573 368573 little & baby friends 611710 119033 119033 LATE CHARGES & FINES 900099 91695 91695 62266 62266 22362022 551715 551715 54689 54689 54689 54689 18447467 19067999 -620532 -620532 -620532 193655 175562 18093 18093 182081 124580 57501 57501 OTHER INCOME(loss) 900099 -18658 -18658 -18658 24298326 22343364 0 61466 3121260 3121260 443450 337950 85941 19559 10961161 8197385 2257492 506284 606265 433474 141124 31667 1148779 923844 183712 41223 805902 620963 151046 33893 44719 44719 46400 46400 87791 87791 4420 4420 82119 32248 49871 903231 607831 264946 30454 173729 173729 716991 716991 5467 5467 80308 71022 9286 484575 484575 1679567 1112009 567558 225096 225096 EQUIPMENT RENTAL 984579 984579 STUDENT SERVICES 404652 404652 MISCELLANEOUS 374912 28970 342387 3555 BAD DEBT 246450 246450 SPECIAL EVENTS PROGRAMS 220666 130857 89809 405537 211034 188164 6339 24258026 17435065 5813728 1009233 2191 2255 160443 407856 1003025 803644 202144 122420 660 7507 1060 461143 463576 54379125 19684343 29116465 34694782 27437502 29465770 6072492 488749 64463572 66450112 2447858 1745601 3817488 3706002 6865000 6635000 446161 617871 13576507 12704474 X 32742420 34132062 6090182 7108895 12054463 12504681 50887065 53745638 64463572 66450112 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 3.10 0 0 0 1 1 1.00 1 14493817 450218 1291153 129500 16105688 15141581 764464 -1310458 101770 14493817 0.22360 0.77640 0 0 172162 172162 43924924 10726530 33198394 10282039 8957813 1324226 34694782 INTEREST RATE SWAP CONTRACT 617871 617871 24298326 24258026 40300 3008076 -189803 2818273 2858573 24032128 3008076 -47130 2960946 21071182 87791 3139353 3227144 24298326 21173555 124580 124580 21048975 87791 3121260 3209051 24258026 Part II, Line 9: Description of How Organization Reports Conservation Easements: The organization reports conservation easements as assets on the Balance Sheet with land, buildings & equipment. Part V, Line 4: Description of Intended Use of Endowment Funds: The School has the objective to maintain the purchasing power of its endowments over time. The School's spending and investment policies work together to achieve this objective. Part X: Description of Uncertain Tax Positions Under FIN 48: 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 realizedupon settlement with the applicable taxing authority. Part XI, Line 8 - Other Adjustments: CHANGE IN EQUITY OF THE PARENTS ASSOCIATION, A PASS THROUGH ENTITY: -18093. loss on interest rate swap contract: -171710. Part XII, Line 2d - Other Adjustments: COST OF SALES: 124580. LOSS ON INTEREST RATE SWAP CONTRACT: -171710. Part XII, Line 4b - Other Adjustments: FINANCIAL AID AWARDS NETTED WITH REVENUE ON FINANCIAL STATEMENTS: 3121260. INCOME FROM PARENT'S ASSOCIATION: 18093. Part XIII, Line 2d - Other Adjustments: COST OF SALES: 124580. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID AWARDS NETTED WITH REVENUE ON FINANCIAL STATEMENTS: 3121260. 1 1 1 ALL PUBLICATIONS AND OTHER SCHOOL RELATED MARKETING MATERIALS INCLUDE A STATEMENT OF THE SCHOOL'S NONDISCRMINATORY POLICY. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 holly fest 31306 31306 11784 spring thing 87856 87856 54445 1 6907 6907 3072 126069 126069 69301 69301 56768 1 tuition assistance 249 3121260 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All grants are allocated to friends school students and awarded based on financial need. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MATT MICCICHE 228858 0 0 0 0 0 16427 0 54918 0 300203 0 0 0 Part I, Line 1a THE HEAD OF SCHOOL RECEIVED A HOUSING BENEFIT in the amount of $35,369. IT WAS NOT INCLUDED IN HIS TAXABLE COMPENSATION. MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2009-09-02 6865000 REFUNDING 0 1 6865000 2005 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 financial aid 26640 financial aid 16258 financial aid 13406 X 7 60962 FAIR MARKET VALUE 0 1 0 Form 990, Part VI, Section A, line 7a Regular members of the Board of Trustees are appointed by The Baltimore Monthly Meeting of Friends, Stony Run. The Parent representative is selected by the school's Parent's Association. The alumni representative is selected by the Alumni Association. The faculty representative is selected by the school's faculty, acting through the faculty nominating committee. The student representative is selected by The Upper School Senate, an organization that represents currently enrolled students. The two appointed members of the Board are selected by the current members of the Board of Trustees. Form 990, Part VI, Section A, line 7b The property and business of the School shall be managed under the direction of the Board of Trustees. Without limiting the foregoing, the Board of Trustees shall be responsible for the selection and appointment of the Head of the School, the determination of the overall policies of the institution, the safekeeping and management of its assets, fundraising and development, the approval of its budget and the general oversight of the faculty and administrative staff and the educational program. The Board must seek prior approval from the Stony Run Friends Meeting before it can act on any "matters of fundamental importance." Such matters include any modification or amendment of the philosophy or mission of the School, or changes to the Bylaws relating to the composition and appointment of the Board, the powers of the Board and the method for conducting Board business. Bylaws, Article IX, Section A. Similarly, the Articles of Incorporation provide that Stony Run Friends Meeting must approve any amendment to the Articles. Form 990, Part VI, Section B, line 11 the BOT will review the draft prior to filing. The Assistant Head for Finance & Operations directly communicates with the Chair of the Board and the Head of School regarding all matters relating to the Form 990 and executive compensation. Form 990, Part VI, Section B, line 12c The Board of Trustees completes a Conflict of Interest Questionnaire on an annual basis. The information contained within the Questionnaire is then reviewed for potential conflict of interest issues. Form 990, Part VI, Section B, line 15 the Executive Committee reviews independent compensation information, documents the deliberations and decisions, and approves multi-year contracts for the Head of School and other officers and key employees. Form 990, Part VI, Section C, line 19 all documents are made available upon request. form 990, part i, line 6: The estimated number of volunteers is based on the number of invitations sent out to attend the Yearly Volunteer Bullroast. Form 990, Page 6, Part VI, Line 1a Decisions or actions are finalized by consensus. "Voting" is not a practice or custom of the Religious Society of Friends. No final decision shall be made or conclusive action taken at any Board meeting at which fewer than 12 members (not counting ex-officio members) are present, including either the Chair or Vice Chair and provided that at least four of the Trustees present are members of the Religious Society of Friends. Currently, we have 26 BOT members including Regular members, Representative members, and the Head of School. form 990, part VI, line 14 The organization has a process to detemine paper document retention and destruction. The organization is working on adopting a formal, written document retention and destruction policy for electronic data. monthly meeting of friends stony run 5116 north charles street baltimore MD 21210 520629766 meeting of the religious society of friends (quakers) MD 501(c)(3) Line 1 N/A 0 0 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0