2026-05-08T15:06:22-05:00 2025-06-30 582487348 Aprio Advisory Group LLC 111 Rockville Pike Suite 600 Rockville MD 20850 990 2024-07-01 540562160 The Potomac School POTO 7033564100 1301 Potomac School Road McLean VA 22101 John Kowalik Head of School 7033564100 2026-05-08 1 0 Stacy Cullen P00974308 3012316200 2026-05-08 2024 2025-03-06 01:10:19Z John Kowalik 1301 Potomac School Road McLean VA 22101 112556753 0 X www.potomacschool.org X 1907 DC At The Potomac School, we believe that intellectual development, love of learning, and strength of character are complementary, and equally essential, educational goals. With a firm commitment to our core values and a rigorous academic program, we prepare students to lead lives of purpose, achievement, and generosity of spirit. 23 23 520 1000 23037 0 13165217 15548043 54773096 57083505 2875151 3415699 731207 899526 71544671 76946773 5619264 5704329 0 0 32799064 35283974 19970 0 2758906 19303429 21325626 57741727 62313929 13802944 14632844 246436798 302352307 73668860 110101307 172767938 192251000 X At The Potomac School, we believe that intellectual development, love of learning, and strength of character are complementary, and equally essential, educational goals. With a firm commitment to our core values and a rigorous academic program, we prepare students to lead lives of purpose, achievement, and generosity of spirit. 0 0 51787842 5704329 57070066 Providing education from kindergarten to the twelfth grade for approximately 1070 students. 51787842 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 111 0 1 520 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X Dyana Conroy 7033564100 1301 Potomac School Road McLean VA 22101 Norma C Ramsey Chair 2.00 X X 0 0 0 Martin W Sumner Vice-Chair 2.00 X X 0 0 0 Noha Abdalla Secretary 2.00 X X 0 0 0 Christopher D Graham Treasurer 2.00 X X 0 0 0 Mina C Faltas Trustee 2.00 X 0 0 0 Paul F Sheridan Jr Trustee 2.00 X 0 0 0 Stefanie A Thomas Trustee 2.00 X 0 0 0 Yousef Al Otaiba Trustee 2.00 X 0 0 0 Randy B Altschuler Trustee 2.00 X 0 0 0 Scott Barbee Trustee 2.00 X 0 0 0 Henry D Berg Trustee 2.00 X 0 0 0 Victoria J Davis MD Trustee 2.00 X 0 0 0 James B Fleming Trustee 2.00 X 0 0 0 Nitin Goyal MD Trustee 2.00 X 0 0 0 Won Kim Trustee 2.00 X 0 0 0 Kimberly A Kuryea Trustee 2.00 X 0 0 0 Reed W Landry Trustee 2.00 X 0 0 0 Maryanne R Lavan Trustee 2.00 X 0 0 0 Diana Mears Trustee 2.00 X 0 0 0 Robert D Moser Trustee 2.00 X 0 0 0 Patricia Potts Trustee 2.00 X 0 0 0 Anu Saxena Trustee 2.00 X 0 0 0 Sarah Murphy Starr Trustee 2.00 X 0 0 0 John J Kowalik Head of School 60.00 X 1052889 0 313805 Dyana Conroy CFO and Associate Head of School 60.00 X 383832 0 77330 Timothy Jaeger Associate Head of School 50.00 X 275867 0 131971 Donnette Echols Head of Lower School 50.00 X 233165 0 26514 John Mathews Head of Middle School 50.00 X 185212 0 86103 Douglas McLane Director of Enrollment Management & Financial Aid 50.00 X 204762 0 64505 Sarah Beck Asst Head of School for Academics 50.00 X 216282 0 40714 2552009 0 740942 84 0 1 0 Coakley & Williams Construction 4500 East West Hwy Ste 500 Bethesda MD 20814 General Contracting 2208263 Meriwether Godsey Inc 4944 Old Boonsboro Road Lynchburg VA 24503 Food Service 1947282 Red Coats Inc PO Box 79579 Baltimore MD 21279 Janitorial 811129 Cox Graae Spack Architects 2909 M St NW Washington DC 200073714 Architecture 636579 Internetworking Solution Professionals L PO Box 400 McLean VA 22101 Technology 500162 17 1091871 14456172 942747 15548043 Tuition 900099 52528911 52528911 Summer Programs 900099 2850303 2850303 Transportation 900099 1057171 1043732 13439 Enrichment Program 900099 410995 410995 Extended Day 900099 161526 161526 74599 74599 57083505 2548663 9598 2539065 39460 0 39460 39460 39460 36192304 10930 35336198 0 856106 10930 867036 867036 1007986 1091871 273782 734204 734204 4204 0 4204 4204 Miscellaneous 900099 121658 121658 121658 76946773 57070066 23037 4305627 5704329 5704329 1389398 1217428 127091 44879 26726490 23419824 2478420 828246 1798096 1575266 157607 65223 3393107 2972614 297413 123080 1976883 1741826 173687 61370 100655 57451 27156 16048 71814 40989 19375 11450 168186 168186 1478612 997815 430481 50316 72730 47713 23275 1742 867553 560565 160971 146017 769972 539477 214728 15767 2658581 1888863 717068 52650 448573 441720 6853 628345 461129 57110 110106 1109329 728081 355170 26078 4451453 2921601 1425207 104645 516436 375669 131138 9629 Departmental Expenses 1751081 1725349 23972 1760 Food and Entertainment 1739311 1141554 556869 40888 Tuition Remission 1555975 1409650 146325 Summer Program - Direct 1280465 1280465 1656555 538464 75932 1042159 62313929 51787842 7767181 2758906 800 800 48540798 89736592 3437183 8907774 241775 202302 55226 53401 739379 1371607 169695914 62414306 104728601 107281608 15054407 15840327 50155425 54679909 23483204 24277987 246436798 302352307 4580852 5233353 26247626 26443966 19175795 54226183 23664587 24197805 73668860 110101307 X 153977857 167143037 18790081 25107963 172767938 192251000 246436798 302352307 X 14632844 4865172 -14954 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69079917 3128768 5440504 1332624 76316565 66767285 843089 5158627 3689084 69079917 62576002 2316595 3346725 1472037 66767285 62134652 5315479 -2991007 1883122 62576002 52840311 278776 10765467 1749902 62134652 0.91390 0.04380 0.04230 0 0 12305985 12305985 137137999 49619261 87518738 11588283 10037932 1550351 8663647 2757113 5906534 107281608 Limited Partnerships 15810533 F Common Fund Investments 38284046 F Starwood REIT 585330 F 54679909 Tuition Contract Receivables 23128697 Right-of-Use Asset 292282 Deposits 29900 Deferred Compensation 774930 Accrued Interest 52178 24277987 Deferred Contract Liability 23128697 Deferred Compensation 774930 Finance Lease Liabilities, Net 197104 Operating Lease Liabilities, Net 97074 24197805 X 75928500 4865172 4865172 71063328 168186 5715259 5883445 76946773 55545837 0 55545837 168186 6599906 6768092 62313929 Part V, Line 4: Endowment funds are used to provide financial aid, purchase library books, frame student artwork, fund community service, faculty salaries, and enrichment, science programs, theater and music, global studies, and support the school priorities of excellent teaching, student scholarships, and academic programs and resources. Part X, Line 2: The School evaluates uncertainty in income tax positions based on a more-likely-than-not recognition standard. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon ultimate settlement. As of June 30, 2025 and 2024, there are no accruals for uncertain tax positions. If applicable, the School records interest and penalties as a component of income tax expense. Tax years from 2022 through the current year remain open for examination by federal, state, and local jurisdictions. Part XI, Line 4b - Other Adjustments: Financial Aid 5,704,329. Gain on Disposal of Assets 10,930. Part XII, Line 4b - Other Adjustments: Financial Aid 5,704,329. Adjustment to GEG Phase II 895,577. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 An announcement is printed in the Washington Post newspaper. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 237137 0 0 0 0 0 0 237137 0 237137 0 0 0 0 0 0 X X X X X 0 VA Spring Auction 1981920 1076871 905049 207500 Fall Frolics Carnival 117937 15000 102937 66282 1 2099857 1091871 1007986 273782 273782 734204 1 Financial Aid Awards to Students 205 5704329 Part I, Line 2: The Potomac School utilizes the services of Clarity to help evaluate each student's needs for financial assistance. Each applicant completes a standardized form and an evaluation is produced, which includes recommendations as to the level of financial assistance required. The School uses these reports as a guide to determine which students require financial assistance and an estimate of that need. X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 John J Kowalik Head of School 633347 0 0 0 419542 0 220071 0 93734 0 1366694 0 354892 0 Dyana Conroy CFO and Associate Head of School 332285 0 0 0 51547 0 52000 0 25330 0 461162 0 25000 0 Timothy Jaeger Associate Head of School 246029 0 0 0 29838 0 45501 0 86470 0 407838 0 25000 0 John Mathews Head of Middle School 184271 0 0 0 941 0 18557 0 67546 0 271315 0 0 0 Douglas McLane Director of Enrollment Management & 180154 0 0 0 24608 0 15519 0 48986 0 269267 0 0 0 Donnette Echols Head of Lower School 184767 0 0 0 48398 0 13120 0 13394 0 259679 0 0 0 Sarah Beck Asst Head of School for Academics 215796 0 0 0 486 0 15925 0 24789 0 256996 0 0 0 Part I, Line 1a John Kowalik received gross-ups in the amount of $10,839 related to insurance benefits. The School compensates the Head of School and various department heads. The School provides the Head of School and various department heads with housing. The rental value reflects the fair market value for comparable houses in the area. The transactions were approved by the board of trustees with adequate documentation. Following employees received nontaxable housing allowance: J. Kowalik: $68,979 T. Jaeger: $60,000 J. Mathews: $41,421 D. McLane: $24,000 Following employees received taxable fringe benefits: D. Echols: $47,500 D. McLane: $24,000 D. Conroy: $15,000 Part I, Line 4b The following employees participated in a supplemental nonqualified retirement plan 457(F) and the school made the following contributions during the calendar year: - J. Kowalik: $168,346 - D. Conroy : $25,000 - T. Jaeger: $25,000 The following employees received payments from a supplemental nonqualified retirement plan 457(F) during the calendar year: - D. Conroy: $26,611 - T. Jaeger: $26,274 - J. Kowalik: $395,139 A Fairfax County Economic Development Authority 540787833 2004-07-12 16430000 Redemption of prior bonds and school construction 0 0 0 B Fairfax County Economic Development Authority 540787833 2005-08-04 20570000 Construction of new upper school building 0 0 0 C Fairfax County Economic Development Authority 540787833 2025-05-14 35000000 Construction of new middle school and redemption of prior bonds 0 0 0 D Fairfax County Economic Development Authority 540787833 2025-05-14 20000000 Refunding of prior debt 0 0 0 A 16430000 16430000 16430000 2004 1 0 1 1 B 20570000 20570000 20570000 2006 0 0 1 1 C 24282 35000000 472500 16531178 1 0 0 1 D 20000000 270000 19730000 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 1 0 PNC Bank 28.000000000000 0 1 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 X 51 942747 FMV 0 0 1 0 Part I, Column (b): The number in column (b) represents the number of non-cash items received during the year. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed and approved by the audit committee; after that, it goes to the full board for review and approval. Form 990, Part VI, Section B, line 12c For key employees where a potential conflict of interest exists, it shall be the responsibility of the person involved or any other person with knowledge to notify the head of school of the circumstances resulting in the potential conflict so that it can be communicated to the board of trustees who can, in counsel with the head of school, then provide such guidance and take such action as they shall deem appropriate. This statement shall be signed annually by all key employees. For board of trustees: where a potential conflict of interest exists, it shall be the responsibility of the person involved or any other person with knowledge to notify the chair and vice chair of the board of trustees as well as the chair of the committee on trustees of the circumstances resulting in the potential conflict so that the board of trustees can provide such guidance and take such action as it shall deem appropriate. This statement shall be signed annually by all trustees. Form 990, Part VI, Section B, line 15 The compensation committee reviews and discusses the total compensation packages of the head of school and school administrators. Salary information only for similar positions from comparable schools are used to establish a reasonable compensation. The committee has the authority to approve the compensation package of the head of school and school administrators on an annual basis. Form 990, Part VI, Section C, line 19 A public inspection file is maintained onsite that includes the Form 990, governing documents, conflict of interest policy, and financial statements. Form 990, Part XI, line 9: Interest Rate Agreements Loss -14,954. Form 990, Part XII, Line 2c: There were no changes to the organization's selection process or oversight process during the year.