2026-05-13T15:13:19-05:00 2025-06-30 205991824 SC&H GROUP INC 226 SCHILLING CIRCLE SUITE 300 HUNT VALLEY MD 21031 990 2024-07-01 526001577 MCDONOGH SCHOOL INCORPORATED MCDO 4103630600 8600 MCDONOGH ROAD OWINGS MILLS MD 211171009 SHERRI VOELKEL CHIEF FINANCIAL OFFICER 4103630600 2026-05-13 1 1 LORI S BURGHAUSER P00370694 4104031500 2026-05-13 2024 2025-03-06 01:10:19Z DAVID J FARACE 8600 MCDONOGH ROAD OWINGS MILLS MD 211171009 328762237 0 X WWW.MCDONOGH.ORG X 1873 MD PROVIDE EXCEPTIONAL EDUCATION INSPIRING A PASSION FOR LEARNING, GROWTH & A COMMITMENT TO EXCELLENCE. 32 32 1010 275 17578 0 9531048 4351808 60294186 63931064 7406036 30286534 714894 736699 77946164 99306105 7601261 7936825 0 0 40790548 42671523 23714 55220 3503421 20857053 20853300 69272576 71516868 8673588 27789237 314923288 329632272 56896393 54229756 258026895 275402516 X SITUATED ON A BEAUTIFUL 800-ACRE CAMPUS IN OWINGS MILLS MD, MCDONOGH SCHOOL IS A COEDUCATIONAL, COLLEGE PREPARATORY, INDEPENDENT PREKINDERGARTEN THROUGH 12 SCHOOL WITH AN OPTIONAL FIVE-DAY BOARDING PROGRAM FOR STUDENTS IN GRADES 9-12. MCDONOGH SCHOOL IS A COMMUNITY THAT FINDS JOY IN WORK, IN PLAY, IN DISCOVERY, AND IN THE REALIZATION OF PERSONAL POTENTIAL. STRONG, MUTUALLY RESPECTFUL RELATIONSHIPS INSPIRE A PASSION FOR TEACHING AND LEARNING, A DEDICATION TO PERSONAL INTEGRITY, AND A COMMITMENT TO EXCELLENCE. EMBRACING DIVERSITY OF BACKGROUND, CULTURE, AND THOUGHT, THE SCHOOL BUILDS UPON ITS FOUNDER'S ORIGINAL MISSION TO PROVIDE LIFE-ALTERING OPPORTUNITIES AND TO DEVELOP IN STUDENTS THE WILL "TO DO THE GREATEST POSSIBLE AMOUNT OF GOOD." 0 0 58190615 7936825 63898667 MCDONOGH SCHOOL IS A HIGHLY REGARDED COEDUCATIONAL, INDEPENDENT SCHOOL WITH APPROXIMATELY 1,460 STUDENTS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE. AN OPTIONAL FIVE-DAY BOARDING PROGRAM IS AVAILABLE FOR STUDENTS IN GRADES 9-12. MCDONOGH'S ACADEMIC PROGRAM IS DESIGNED TO FOSTER A LOVE OF LEARNING. THE LOWER SCHOOL PROVIDES A SOLID FOUNDATION WITH AN EMPHASIS ON READING, WRITING, AND MATHEMATICS. TEACHERS WELCOME CHILDREN AS INDIVIDUALS, TAILORING THE ACADEMIC CURRICULUM TO DEVELOP THEIR FULL POTENTIAL-INTELLECTUALLY, PHYSICALLY, SOCIALLY, AND EMOTIONALLY. THE MIDDLE SCHOOL BUILDS ON THAT FOUNDATION WITH APPRECIATION FOR THE INTELLECTUAL, PHYSICAL, SOCIAL, AND EMOTIONAL NEEDS OF YOUNG ADOLESCENTS. STUDENTS LEARN THE ELEMENTS OF RESPONSIBLE SCHOLARSHIP IN READING, ENGLISH, WORLD LANGUAGES, MATHEMATICS, SCIENCE, SOCIAL STUDIES, AND TECHNOLOGY. THE UPPER SCHOOL COMBINES RIGOROUS ACADEMICS WITH A WIDE VARIETY OF EXTRACURRICULAR ACTIVITIES. IN AN ENVIRONMENT THAT FOSTERS VERSATILITY, STUDENTS SELECT HONORS AND ADVANCED COURSES, DEVELOP THEIR ATHLETIC AND ARTISTIC ABILITIES, LEARN LEADERSHIP AND TEAMWORK SKILLS, AND GRADUATE WELL PREPARED FOR COLLEGE.FORM 990, PART VI, SECTION B, LINE 10A:THE POLICIES DESCRIBED IN PART VI, SECTION B, LINES 10A-16B APPLY TO MCDONOGH SCHOOL, INC. AND ITS AFFILIATE AS LISTED BELOW: FOLIO NETWORK, LLC 58190615 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 185 0 1010 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MD X SHERRI VOELKEL 4103630600 8600 MCDONOGH ROAD OWINGS MILLS MD 211171009 MICHAEL W CUMMINGS PRESIDENT 1.00 0.00 X X 0 0 0 H STACEY BOYER VICE PRESIDENT 1.00 0.00 X X 0 0 0 CURTIS H CORNWELL TREASURER 1.00 0.00 X X 0 0 0 IRVIN DEANDREI DRUMMOND SECRETARY 1.00 0.00 X X 0 0 0 ARTHUR H ADLER MEMBER 1.00 0.00 X 0 0 0 ROBERT A BAVAR MEMBER 1.00 0.00 X 0 0 0 RICHARD I BERMAN MEMBER 1.00 0.00 X 0 0 0 WALLACE E BOSTON JR MEMBER 1.00 0.00 X 0 0 0 DONALD B CHRISTIAN MEMBER 1.00 0.00 X 0 0 0 LEIGH ANN CURL MD MEMBER 1.00 0.00 X 0 0 0 ERIKA SETH DAVIS MEMBER 1.00 0.00 X 0 0 0 BRANDON M ETHERIDGE MEMBER 1.00 0.00 X 0 0 0 MICHAEL S FADER MEMBER 1.00 0.00 X 0 0 0 MICHAEL L FALCONE MEMBER 1.00 0.00 X 0 0 0 KRISTIN F FINKELSTEIN MEMBER 1.00 0.00 X 0 0 0 BRETT INGERMAN MEMBER 1.00 0.00 X 0 0 0 ELIZABETH M INSLEY MEMBER 1.00 0.00 X 0 0 0 JOSHUA P JONES-DILWORTH MEMBER 1.00 0.00 X 0 0 0 AKHILA KOSARAJU MEMBER 1.00 0.00 X 0 0 0 JENNIFER L MCKINNELL MEMBER 1.00 0.00 X 0 0 0 PAUL M MEURER MEMBER 1.00 0.00 X 0 0 0 FARAH QURESHI NUR MEMBER 1.00 0.00 X 0 0 0 STEVEN S OH MEMBER 1.00 0.00 X 0 0 0 JOSHUA R PERRY MEMBER 1.00 0.00 X 0 0 0 FERNANDA L PIO RODA MEMBER 1.00 0.00 X 0 0 0 PATRICIA B RAKSIN MEMBER 1.00 0.00 X 0 0 0 SUDHIR R RAO MEMBER 1.00 0.00 X 0 0 0 SHAWN W ROBINSON MEMBER 1.00 0.00 X 0 0 0 DAVID D ROTHSCHILD MEMBER 1.00 0.00 X 0 0 0 PATRICIA S SCHUSTER MEMBER 1.00 0.00 X 0 0 0 RICHARD B SILBERSTEIN MEMBER 1.00 0.00 X 0 0 0 CRAIG A THOMPSON MEMBER 1.00 0.00 X 0 0 0 DAVID J FARACE HEAD OF SCHOOL 60.00 0.00 X 507355 0 162081 SHERRI VOELKEL CHIEF FINANCIAL OFFICER 50.00 0.00 X 244423 0 51982 KATHRYN MUELLER ASSOCIATE HEAD OF SCHOOL 50.00 0.00 X 253655 0 36069 KERRY JOHNSTON DIRECTOR OF DEVELOPMENT 50.00 0.00 X 189421 0 83429 JACK HARDCASTLE CHIEF OPERATING OFFICER 50.00 0.00 X 176516 0 88344 EUNICE DEEGAN CO-DIRECTOR OF ATHLETICS 50.00 0.00 X 136632 0 21383 MERRITT A LIVERMORE HEAD OF UPPER SCHOOL 50.00 0.00 X 155713 0 114963 KEVIN COSTA DIRECTOR OF INNOVATION LEARNING 50.00 0.00 X 141036 0 61624 ROBYN LITTLE HEAD OF MIDDLE SCHOOL 50.00 0.00 X 137279 0 19894 GREGORY WATERS HVAC TECHNICIAN 40.00 0.00 X 135429 0 39201 2077459 0 678970 34 0 1 0 CHESAPEAKE CONTRACTING GROUP 10065 RED RUN BLVD SUITE 230 OWINGS MILLS MD 21117 CONTRACTOR 6171170 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLE MD 21093 DINING & CATERING 4167474 BARNES PAVING AND TRUCKING INC 6 CHESTNUT HILL ROAD FOREST HILL MD 21050 CONTRACTOR 1409655 ALPHA LANDSCAPE CONTRACTORS INC 2823 FLINSTONE RD MILLERS MD 21102 CONTRACTOR 703657 B & D BUILDERS LLC 34 S VINTAGE ROAD PARADISE PA 17562 CONTRACTOR 642999 34 117647 4234161 132536 4351808 TUITION AND FEES 611710 57850066 57850066 INSTRUCTIONAL CAMPS 611710 3005038 3005038 STUDENT SUPPORT 611710 1287979 1287979 RIDING PROGRAM/HORSE SHOWS 611710 877429 845032 32397 CAMPUS HOUSING 611710 648217 648217 262335 262335 63931064 2474409 -14819 2489228 110503 110503 712776 352673 360103 360103 360103 256533384 50845 228772104 0 27761280 50845 27812125 27812125 35876 117647 86166 -50290 -50290 456130 245189 210941 210941 REBATE REVENUE 611710 51883 51883 OPERATIONS REBATE 611710 6238 6238 47321 47321 105442 99306105 63898667 17578 31038052 7936825 7936825 1710840 1221545 489295 28792027 25473541 2232014 1086472 1387477 1136324 187280 63873 8621759 6908247 1042965 670547 2159420 1762539 291032 105849 284578 5425 279153 149509 149509 55220 55220 33654 33654 188532 188532 108607 41059 67548 369320 218831 104728 45761 644322 58933 585389 4292670 3457198 648854 186618 89521 36864 42506 10151 726581 580794 112843 32944 5231305 4208587 791612 231106 884124 156359 727765 DINING MEALS 2195233 1751405 343535 100293 ACADEMIC SUPPORT AND SU 1220203 1220203 HORSE SHOW AND EQUINE S 785279 781560 2879 840 UBIT TAX EXPENSE 229 229 3649633 2455921 769260 424452 71516868 58190615 9822832 3503421 3489262 4622550 33175461 30528934 5944991 3718671 652254 454427 7846 0 318272 328465 2190555 2003452 181630125 67045222 111811946 114584903 136129959 23859891 12981269 141415824 8221473 8115155 314923288 329632272 2830907 3325033 22859029 23196272 29958645 26916204 1247812 792247 56896393 54229756 X 144626310 154432864 113400585 120969652 258026895 275402516 314923288 329632272 X 27789237 -10678357 264741 X X 0 1 X 1 0 X 12902085 10342859 12558411 9531048 4351808 49686211 12902085 10342859 12558411 9531048 4351808 49686211 4906686 44779525 2094699 1788461 3778919 5066157 3312507 16040743 58644 270351 29500 21146 0 379641 565025 3503003 810486 806640 597448 6282602 72389197 281849728 0.61860 0.62350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS SALES OF INVENTORY - 2020 AMOUNT: $ 281,124. 2021 AMOUNT: $ 470,900. 2022 AMOUNT: $ 425,235. 2023 AMOUNT: $ 495,087. 2024 AMOUNT: $ 456,130. MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 174,224. 2021 AMOUNT: $ 86,907. 2022 AMOUNT: $ 37,378. 2023 AMOUNT: $ 94,877. 2024 AMOUNT: $ 53,559. GROSS INCOME FROM FUNDRAISING EVENTS - 2022 AMOUNT: $ 28,750. 2023 AMOUNT: $ 140,374. 2024 AMOUNT: $ 35,876. INSURANCE PROCEEDS - 2020 AMOUNT: $ 109,677. 2021 AMOUNT: $ 2,881,979. 2022 AMOUNT: $ 262,483. 2023 AMOUNT: $ 24,030. 2024 AMOUNT: $ 0. REBATE REVENUE - 2021 AMOUNT: $ 63,217. 2022 AMOUNT: $ 56,640. 2023 AMOUNT: $ 52,272. 2024 AMOUNT: $ 51,883. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 614775 X 0 103710813 2244195 12671944 3854204 114772748 91624147 4410159 11108523 3432016 103710813 84410425 2529292 8499259 3814829 91624147 96462703 2127426 -10536610 3643094 84410425 77389402 1641500 21052589 3620788 96462703 0.08340 0.53420 0.38240 0 0 76038 76038 135150221 47098101 88052120 26750741 10205826 16544915 15550345 9741295 5809050 4102780 4102780 114584903 COMMONFUND CAPITAL PRIVATE EQUITY PART VII LP 246714 F DURABLE CAPITAL OFFSHORE FUND LTD LIMITED MASTER FUND 494041 F THE TIFF KEYSTONE FUND, L.P. 46111861 F THE TIFF CENTERSTONE FUND, L.P. 64398215 F TIFF GLOBAL EQUITY FUND, L.P. 30164993 F 141415824 ANNUITIES PAYABLE 434089 CONSTRUCTION FEES PAYABLE 592027 DEFERRED FINANCING COSTS -233869 792247 X 76277723 -10678357 1000 191401 -10485956 86763679 12542426 12542426 99306105 58902102 684028 684028 58218074 13298794 13298794 71516868 PART III, LINE 4: ARTWORK AND ANTIQUES ARE AVAILABLE TO PROVIDE STUDENTS WITH ART EDUCATION ENRICHMENT. PART V, LINE 4: THE SCHOOL'S ENDOWMENTS CONSIST OF VARIOUS FUNDS ESTABLISHED TO SUPPORT A VARIETY OF SCHOLARSHIPS, PROFESSIONAL DEVELOPMENT, FACULTY SALARIES, AND GENERAL OPERATIONS OF THE SCHOOL. PART X, LINE 2: ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AS WELL AS GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES AND FINANCIAL STATEMENT REPORTING DISCLOSURES. FOR THESE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURES AS A COMPONENT OF INCOME TAX EXPENSE. THE SCHOOL DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF ASSETS HELD IN ANNUITY TRUSTS 191,401. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE NETTED WITH REVENUE 7,936,825. INVESTMENT EXPENSES NETTED WITH INVESTMENT REVENUE 33,654. COST OF GOODS SOLD -245,189. RENTAL EXPENSES -352,673. CHANGE IN CSV OF LIFE INSURANCE -72,340. EMPLOYEE TUITION REMISSION NETTED WITH REVENUE 5,328,315. SPECIAL EVENT EXPENSES -86,166. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME 352,673. COST OF GOOD SOLD 245,189. SPECIAL EVENT EXPENSES 86,166. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED WITH INVESTMENT REVENUE 33,654. FINANCIAL AID EXPENSE NETTED WITH REVENUE 7,936,825. EMPLOYEE TUITION REMISSION 5,328,315. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 MCDONOGH SCHOOL HAS PUBLISHED ITS RACIAL NONDISCRIMINATION POLICY IN ALL MEDIA THROUGH WHICH IT ADVERTISES AND ON ITS WEBSITE. CENTRAL AMERICAN AND THE CARIBBEAN 0 0 INVESTMENTS 494041 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SOFTWARE SUBSCRIPTION 21349 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM STUDENT/ FACULTY TRIP 14150 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM STUDENT/FACULTY TRIP 6109 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SOFTWARE SUBSCRIPTION 38 0 0 0 0 0 0 535687 0 535687 1 0 1 1 1 0 PART I, LINE 3: IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED IN PART I OF SCHEDULE F ARE REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING WHICH IS THE SAME METHOD OF ACCOUNTING USED IN THE FINANCIAL STATEMENTS. X X X X X X 1 MARTS & LUNDY 160 CHUBB AVE SUITE 303 LYNDHURST NJ 07071 CAPITAL CAMPAIGN CONSULTANT 0 0 55220 -55220 55220 -55220 MD EAGLEFEST 112630 92904 19726 36062 1600 23448 ALUMNI GOLF EVENT 40893 24743 16150 880 13188 6991 3997 153523 117647 35876 880 13188 43053 1600 27445 86166 -50290 1 SCHOLARSHIP GRANTS AND TUITION SUPPORT 301 7936825 CASH GRANTED NON-EMPLOYEE SCHOLARSHIPS AND FINANCIAL AID PART I, LINE 2: NON-EMPLOYEE SCHOLARSHIPS, FINANCIAL AID AND EMPLOYEE TUITION SUPPORT IS MONITORED THROUGH A THIRD-PARTY BILLING SYSTEM X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DAVID J FARACE HEAD OF SCHOOL 506065 0 0 0 1290 0 24433 0 137648 0 669436 0 0 0 SHERRI VOELKEL CHIEF FINANCIAL OFFICER 242443 0 0 0 1980 0 16285 0 35697 0 296405 0 0 0 KATHRYN MUELLER ASSOCIATE HEAD OF SCHOOL 251854 0 0 0 1801 0 16145 0 19924 0 289724 0 0 0 KERRY JOHNSTON DIRECTOR OF DEVELOPMENT 188731 0 0 0 690 0 12305 0 71124 0 272850 0 0 0 MERRITT A LIVERMORE HEAD OF UPPER SCHOOL 155023 0 0 0 690 0 12027 0 102936 0 270676 0 0 0 JACK HARDCASTLE CHIEF OPERATING OFFICER 176216 0 0 0 300 0 13452 0 74892 0 264860 0 0 0 KEVIN COSTA DIRECTOR OF INNOVATION LEARNING 139838 0 0 0 1198 0 9819 0 51805 0 202660 0 0 0 GREGORY WATERS HVAC TECHNICIAN 135407 0 0 0 22 0 7763 0 31438 0 174630 0 0 0 EUNICE DEEGAN CO-DIRECTOR OF ATHLETICS 131192 0 0 0 5440 0 9834 0 11549 0 158015 0 0 0 ROBYN LITTLE HEAD OF MIDDLE SCHOOL 136862 0 0 0 417 0 8781 0 11113 0 157173 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, THE FOLLOWING MCDONOGH EMPLOYEES ARE PROVIDED HOUSING FOR THE CONVENIENCE AND BENEFIT OF THE SCHOOL. DAVID J. FARACE, HEAD OF SCHOOL, KATHRYN MUELLER, ASSOCIATE HEAD OF SCHOOL AND MERRITT LIVERMORE, HEAD OF UPPER SCHOOL. THE VALUE OF THE NONTAXABLE HOUSING IS INCLUDED IN NONTAXABLE BENEFITS. AS A NONTAXABLE FRINGE BENEFIT, MEMBERSHIP FEES WERE PAID FOR DAVID J. FARACE, THE HEAD OF SCHOOL, IN THE AMOUNT OF $14,384. A MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 574221ND5 2019-02-13 18195034 CAPITAL IMPROVEMENTS; REFUNDING OF SERIES 2013 BONDS; FUND ISSUANCE COSTS 0 0 0 B MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 059136BM2 2019-12-05 15290492 TO FINANCE CONSTRUCTION OF THE MIDDLE SCHOOL BUILDING 0 0 0 C MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 059136CB5 2021-07-29 18014779 REFUNDING OF THE 2011 BONDS 0 0 0 A 4180000 18219880 332539 9599290 8288051 2019 1 0 1 1 B 13765000 15433644 575775 291211 14566658 2020 0 0 1 1 C 3735000 18014779 1226 305899 17707654 2021 1 0 1 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 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/20/2024 SCHEDULE K, PART II, LINE 3 (BOND A): TOTAL PROCEEDS SHOWN ON PART II, LINE 3 INCLUDE INVESTMENT EARNINGS ON UNSPENT BOND PROCEEDS. SCHEDULE K, PART II, LINE 3 (BOND B): TOTAL PROCEEDS SHOWN ON PART II, LINE 3 INCLUDE INVESTMENT EARNINGS ON UNSPENT BOND PROCEEDS. SCHEDULE K, PART IV, LINE 2 (BOND B): NONE OF THE BOND FUNDS ARE HELD FOR INVESTMENT. THEREFORE, THE FUNDS WERE NOT SUBJECT TO A REBATE COMPUTATION. X 14 132536 FAIR MARKET VALUE 3 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. AFTER THAT REVIEW, THE FORM 990 IS POSTED ON THE TRUSTEE WEBSITE FOR APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C COPIES OF THE CONFLICT-OF-INTEREST POLICY AND RELATED QUESTIONNAIRE ARE SUBMITTED TO ALL INTERESTED PARTIES AND ALL CURRENT MEMBERS OF THE BOARD OF TRUSTEES TO REVIEW, COMPLETE, AND SIGN. THE QUESTIONNAIRE WHICH DISCLOSES, IF APPLICABLE, ANY POTENTIAL CONFLICTS, IS SUBMITTED TO THE VICE PRESIDENT OF THE BOARD OF TRUSTEES FOR REVIEW. ANY POTENTIAL CONFLICTS ARE RESOLVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. IF A CONFLICT EXISTS, THE INTERESTED PERSON IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS SURROUNDING THE CONFLICTED MATTER. THE CONFLICT-OF-INTEREST POLICY IS ANNUALLY REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 MCDONOGH SCHOOL MAINTAINS AN EXECUTIVE COMPENSATION POLICY FOR DETERMINING COMPENSATION FOR BOTH OFFICERS AND KEY EMPLOYEES. MCDONOGH SCHOOL USES PEER DATA PROVIDED BY IRS FORM 990 AND DATA PROVIDED BY BOTH AIMS (ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS) AND NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS) FOR COMPARABILITY PURPOSES. THE INDEPENDENT BOARD HIRES AND DETERMINES COMPENSATION OF THE HEAD OF SCHOOL, WHO THEN HIRES AND DETERMINES COMPENSATION OF OTHER TOP MANAGEMENT OFFICIALS, OFFICERS, AND KEY EMPLOYEES. ALL COMPENSATION IS DETERMINED BASED ON PERFORMANCE, COMPARABLE COMPENSATION DATA, AND BUDGETARY GUIDELINES AS APPROVED BY COMMITTEES OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ASSETS HELD IN ANNUITY TRUSTS -40,431. CHANGE IN VALUE OF ANNUITIES PAYABLE 51,542. CHANGE IN CHARITABLE REMAINDER UNITRUST 180,290. CHANGE IN VALUE OF CASH SURRENDER VALUE 72,340. DONATED SERVICES AND USE OF FACILITIES 1,000. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FOLIO NETWORK LLC PO BOX 380 OWINGS MILLS MD 21117 275349063 SCHOOL PERFORMANCE APPRAISAL SOFTWARE MD 110503 1754538 MCDONOGH SCHOOL INCORPORATED CHARITABLE REMAINDER UNITRUST (9) PO BOX 380 OWINGS MILLS MD 21117 CHARITABLE REMAINDER UNITRUST MD T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0