2011-04-27T14:13:40-05:00 2010-06-30 RSM MCGLADREY INC 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2009-07-01 540506326 The Protestant Episcopal High School in Virginia PROT 7039333000 1200 N Quaker Lane Alexandria VA 223023004 WILLIAM H DE BUTTS III 7039333000 2011-04-27 1 Bill Turco 3012963600 2009 2016-02-24 21:20:13Z Episcopal High School F Robertson Hershey 1200 N Quaker Lane Alexandria VA 223023004 33090248 0 X WWW.EPISCOPALHIGHSCHOOL.ORG X 1839 VA THE INSTITUTION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE EDUCATION TO HIGH SCHOOL STUDENTS. 24 24 240 0 13 -8061 8099800 7000253 18318531 19023444 318099 5203361 189996 188844 26926426 31415902 3863704 4135871 0 12114475 13271465 0 1410873 13742154 12890441 29720333 30297777 -2793907 1118125 289518371 317704628 36061985 49217443 253456386 268487185 Founded on a tradition of honor and the pursuit of self-discovery, Episcopal High School engages students in a challenging college preparatory education. The School fosters empathy and responsibility for self and others through a commitment to spiritual inquiry and growth in a fully residential community. Students are encouraged to think creatively, work collaboratively, develop individual passions, and celebrate the talents of others. Sharing diverse life experiences, ideas, and values, students learn humility, resilience, and mutual respect. Through access to the educational and cultural resources of the nations capital, students are inspired to understand and embrace a changing world. Together, faculty and students take initiative as informed citizens and environmental stewards. 0 0 25035051 4135871 19023444 THE PROTESTANT EPISCOPAL HIGH SCHOOL IN VIRGINIA, FOUNDED IN 1839, IS A CO-ED COLLEGE PREPARATORY, 100% BOARDING SCHOOL (440 STUDENTS IN GRADES 9-12) LOCATED ON A 135-ACRE CAMPUS IN THE CITY OF ALEXANDRIA, VIRGINIA, APPROXIMATELY SEVEN MILES FROM WASHINGTON, DC. EPISCOPAL IS DEDICATED TO THE STUDENT'S PURSUIT OF EXCELLENCE AND TO THE JOY OF LEARNING AND SELF-DISCOVERY IN A CARING AND SUPPORTIVE COMMUNITY. ENRICHED BY THE EDUCATIONAL AND CULTURAL RESOURCES OF THE NATION'S CAPITAL, EPISCOPAL'S DYNAMIC ACADEMIC PROGRAM ENCOURAGES STUDENTS TO DEVELOP INDIVIDUAL TALENTS AND PREPARES THEM TO ATTEND SELECTIVE COLLEGES AND UNIVERSITIES. STUDENTS FROM DIVERSE BACKGROUNDS LIVE AND LEARN TOGETHER IN A RESIDENTIAL COMMUNITY BASED ON A FOUNDATION OF HONOR, RESPONSIBILITY, AND MUTUAL RESPECT. THEY DEVELOP ENDURING RELATIONSHIPS AT EHS AND GROW AS DISCERNING, SELF-RELIANT, CREATIVE, COMPASSIONATE INDIVIDUALS. THE EPISCOPAL HIGH SCHOOL COMMUNITY PREPARES YOUNG PEOPLE TO LEAD PRINCIPLED AND FULFILLING LIVES OF LEADERSHIP AND SERVICE TO OTHERS. 25035051 1 1 0 0 0 0 1 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 22 0 1 240 1 1 1 1 CJ NT BD 0 0 0 0 0 0 0 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X WILLIAM H DE BUTTS III CFO 7039334092 1200 N QUAKER LANE ALEXANDRIA VA 223023004 John L Townsend iii 1.00 X X 0 0 0 Elwood B Coley 1.00 X 0 0 0 The Rt Rev Herman Hollerith IV 1.00 X 0 0 0 The Rt Rev W Michie Klusmeyer 1.00 X 0 0 0 The Rt Rev Shannon Sherwood Johnsto 1.00 X 0 0 0 The Rt Rev Neff Powell 1.00 X 0 0 0 Thomas C Dashiell 1.00 X 0 0 0 Ann C deSaussure 1.00 X 0 0 0 John C Glover 1.00 X 0 0 0 Randolph C Metcalfe 1.00 X 0 0 0 Bailey W Patrick 1.00 X 0 0 0 Carl S Ragsdale 1.00 X 0 0 0 Elizabeth G Blaine 1.00 X 0 0 0 Craig A A Dixon 1.00 X 0 0 0 William R Goodell 1.00 X 0 0 0 Frank A Liddell III 1.00 X 0 0 0 A W Downing Mears Jr 1.00 X 0 0 0 John Reid Murchison III 1.00 X 0 0 0 Charles Elis Olsson 1.00 X 0 0 0 Nancy R Wall 1.00 X 0 0 0 Robert Wilson III 1.00 X 0 0 0 Kimberly D Belk 1.00 X 0 0 0 William R Cox III 1.00 X 0 0 0 WT Beau Dudley 1.00 X 0 0 0 James A Hardison 1.00 X 0 0 0 H Lee S Hobson 1.00 X 0 0 0 H Winston Holt IV 1.00 X 0 0 0 Mary T H Keevil 1.00 X 0 0 0 William R Peelle Jr 1.00 X 0 0 0 Donaldson G Williams 1.00 X 0 0 0 Trustee Emeritus 1.00 X 0 0 0 John W Burress III 1.00 X 0 0 0 Cason J Callaway Jr 1.00 X 0 0 0 H Gordon Leggett Jr 1.00 X 0 0 0 George W Logan 1.00 X 0 0 0 John March 1.00 X 0 0 0 Hugh J Morgan Jr 1.00 X 0 0 0 F ROBERTSON HERSHEY 40.00 X 521968 0 109109 WILLIAM H DEBUTTS III 40.00 X 201641 0 55516 BOB ECKERT 40.00 X 166077 0 50644 BRUCE KRAUT 40.00 X 170742 0 35381 JACKIE MAHER 40.00 X 139823 0 43702 TIM JAEGER 40.00 X 117418 0 43165 BOB HEDRICK 40.00 X 101030 0 36338 1418699 0 373855 7 0 1 0 James G Davis Construction Corporation 12530 PARKLAWN DRIVE ROCKVILLE MD 20852 construction 7297142 chartwells 91337 Collections Center Dr Chicago IL 60693 CATERING 1870709 cannon design 1100 Wilson Blvd Suite 2900 Arlington VA 22209 architect 612343 SHORT & SON ROOFING 7208 FLOYD AVENUE SPRINGFIELD VA 22150 CONSTRUCTION 370050 SODEXHO INC PO BOX 536922 ATLANTA GA 303536922 Custodial 324171 14 7000253 1833835 7000253 TUITION AND FEES 900099 18449443 18449443 AUXILIARY FEES 900099 262174 262174 SUMMER RECRUITMENT CAM 900099 199122 199122 FOREIGN STUDIES 900099 112705 112705 19023444 3789063 -7347 3796410 3088644 1674346 1414298 1414298 1414298 other revenue 900099 181484 181484 TENNIS AND SWIM CLUB 713940 7360 7360 188844 31415902 19023444 13 5392192 4135871 4135871 1104957 850548 170994 83415 9375355 7287361 1451766 636228 662487 489334 102253 70900 1467841 1084195 226556 157090 660825 525141 87187 48497 391550 391550 408410 267687 140598 125 284146 67365 216781 1272653 568812 584558 119283 249080 222655 26425 2583978 2580306 1836 1836 335758 322752 2866 10140 114858 49347 28400 37111 1413348 1413348 3439335 3439335 342744 342744 STUDENT SERVICES 927673 767220 160453 FOOD SERVICE 870253 870253 OTHER EXPENSES 118100 41597 73461 3042 BOARD EXPENSES 86631 86631 AMORTIZATION OF BOND CO 45234 45234 6690 6690 30297777 25035051 3851853 1410873 18692429 10897820 692384 4583188 23951301 17534278 321029 394156 321418 716360 127029137 33972301 73156064 93056836 1408758 1866503 84904071 97389202 86070917 91266285 289518371 317704628 2964346 6775133 2101322 2169710 30675000 40000000 119925 100441 201392 172159 36061985 49217443 X 78659719 90500214 55251241 53862260 119545426 124124711 253456386 268487185 289518371 317704628 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61689 829116 X X X 0 142425598 2558292 5899376 150883266 154033095 1395278 -13002775 142425598 0.18000 0.82000 0 0 186120 186120 90628689 26032372 64596317 10053394 7939929 2113465 26160934 26160934 93056836 lone cedar ltd 5310060 F lone pinion ltd 703168 F lone cascade 10841582 F king street capital ltd cl a 234094 F sab overseas fund ltd 435267 F steadfast international ltd 201328 F swiftcurrent offshore ltd 342279 F art COLLECTIONS 829116 C CASH SURRENDER VALUE OF LIFE INSURANCE 1858611 F maverick stable fund, ltd 39439484 F makena capital associates, l.p 14737969 F tiff multi-asset fund 22456244 F 97389202 bond issuance costs - net 566229 perpetual trusts held by third parties 83268894 assets held in charitable remainder trusts 7431162 91266285 ANNUITY OBLIGATIONS 172159 172159 31415902 30297777 1118125 8915138 4997536 13912674 15030799 40801155 8915138 4997536 13912674 26888481 391550 4135871 4527421 31415902 25770356 0 25770356 391550 4135871 4527421 30297777 Part III, Line 4: The School's collections are made up of art objects and other artifacts of historical and educational significance. Each item is documented for educational significance and activities verifying their existence and assessing their condition are performed periodically. Part V, Line 4: Description of Intended Use of Endowment Funds: The overall financial objective is to provide financial support for the School's operations at a level consistent with maintaining or increasing the purchasing power over time. The School's policy is to appropriate 5% of the rolling three-year average of the June 30 endowment value to support operations. Part X: Description of Uncertain Tax Positions Under FIN 48: According to the accounting standard for uncertainty in income taxes, for the period from the School's inception to June 30, 2010, no unrecognized tax provision or benefit existed. Deferred income taxes are provided using the liability method, whereby, deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of the changes in tax laws and rates of the date of enactment. 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. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above would be reflected as a liability for unrecognized tax benefits in the accompanying balance sheet, along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Management believes there are no positions that would result in additional tax liability. Interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statement of activities. The School files income tax returns in the U.S. federal jurisdiction. As of June 30, 2010, and for the year then ended, there were no material unrecognized/derecognized tax benefits or tax penalties or interest. With few exceptions, the School is no longer subject to U.S. federal income tax examinations by tax authorities for years before 2007. Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: 4997536. Part XII, Line 2d - Other Adjustments: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: 4997536. Part XII, Line 4b - Other Adjustments: FINANCIAL AID: 4135871. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID: 4135871. 1 1 1 the POLICY IS PUBLICIZED THROUGH PRINTED MATERIALS AND PERIODIC notices in newspapers. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Central America and the Caribbean program services student travel 48592 Europe (Including Iceland & Greenland) program services student travel 47302 Sub-Saharan Africa program services student travel 31668 0 0 127562 1 Scholarships for EHS Students 168 4135871 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: PARENTS REQUESTING SCHOLARHSIP ASSISTANCE COMPLETE AND FILE AN APPLICATION, INCLUDING FINANCIAL INFORMATION, WITH THE SCHOOL SCHOLARSHIP SERVICE TO WHICH THE SCHOOL IS A SUBSCRIBER. THE SCHOOL SCHOLARSHIP SERVICE ADVISES THE SCHOOL OF THE ELIGIBILITY OF THE STUDENT FOR THE SCHOLARSHIP ASSISTANCE. ONCE ELIGIBILITY IS ESTABLISHED, SPECIFIC DOLLAR AMOUNTS ARE RECOMMENDED. THE SCHOOL THEN FINALIZES THE AMOUNT OF SCHOLARSHIP AID TO BE GIVEN TO EACH CHILD. Scholarships based on merit are also given to deserving students. X X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 F ROBERTSON HERSHEY 334585 0 163118 0 24265 0 42867 0 66242 0 631077 0 0 0 WILLIAM H DEBUTTS III 193512 0 0 0 8129 0 19800 0 35716 0 257157 0 0 0 BOB ECKERT 163177 0 0 0 2900 0 16360 0 34284 0 216721 0 0 0 BRUCE KRAUT 170742 0 0 0 0 0 16000 0 19381 0 206123 0 0 0 JACKIE MAHER 139823 0 0 0 0 0 13575 0 30127 0 183525 0 0 0 TIM JAEGER 117418 0 0 0 0 0 12025 0 31140 0 160583 0 0 0 Part I, Line 1a ON CAMPUS HOUSING WAS FURNISHED TO CERTAIN EMPLOYEES FOR THE CONVENIENCE OF THE EMPLOYER. The housing is necessary to carry out the duties of their jobs. We have disclosed fair rental value as the value of the housing benefit. The entire compensation packages, including the housing arrangement, were approved by the board of trustees with proper documentation. F. Robertson Hershey - non-taxable housing benefit of $56,400 including cleaning services. William H. deButts III - non-taxable housing benefit of $24,000. Part I, Line 4a F. Robertson Hershey - 457(f) plan $23,067 Industrial Development Authority of the City of Alexandria 521381432 015304de5 2010-02-04 10920000 capital construction and refund of prior issue 0 0 industrial Development Authority of the City of Alexandria 521381432 015304db1 2005-05-18 16406737 capital construction and refund of prior issue 0 0 industrial Development Authority of the City of Alexandria 521381432 015304cd8 2003-05-29 13199995 capital construction 0 0 10973597 747081 352419 9874097 2010 0 1 1 1 16406737 13731562 270193 2404982 2005 0 1 1 1 13199995 263999 12935995 2003 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Richard F Yarborough X 119514 119514 0 1 1 119514 X 61689 FMV X 29 1772146 FMV 0 0 0 Form 990, Part VI, Section B, line 11 The information for the 990 is prepared by the Controller. The information is then sent to an accounting firm for entry onto the 990 form. The completed 990 is then sent back to the School and is reviewed by the Controller and then the CFO. Once approved by the CFO the return is filed with the IRS. Form 990, Part VI, Section B, line 12c The School has its administrative team and all Board members sign conflict of interest statements once a year. On these statements they list any conflicts of interest they may have with the School or with each other. The School reviews any conflicts to determine if they would require any further action. Form 990, Part VI, Section B, line 15a The Executive Committee of the Board of Directors meets annually to review the compensation of the Headmaster and CFO. The Board uses salary data from similar organization to determine reasonable compensation. Form 990, Part VI, Section C, line 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.