2024-04-16T13:01:53-05:00 2023-06-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2022-07-01 530211355 MARET SCHOOL INC MARE 2029398800 3000 CATHEDRAL AVENUE NW WASHINGTON DC 200083407 WILLIS HOLLOWAY III ASST HEAD OF SCHOOL FIN & OPS 2029398800 2024-04-16 1 WILLIS HOLLOWAY III 999009999 1 LAURA KIELCZEWSKI P00740769 3016529100 2024-04-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIS HOLLOWAY III 3000 CATHEDRAL AVENUE NW WASHINGTON DC 200083407 44883410 0 X WWW.MARET.ORG X 1937 DC MARET IS A VIBRANT K-12, CO-EDUCATIONAL, INDEPENDENT SCHOOL IN WASHINGTON, DC. WE IGNITE OUR STUDENTS' POTENTIAL AND FOSTER THEIR ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS. 28 27 215 435 0 0 11319557 7635838 28074195 29112308 864273 1569651 427566 285086 40685591 38602883 5146749 5393642 0 0 18323719 19389160 0 0 1266745 10048013 10892816 33518481 35675618 7167110 2927265 97996233 103245519 25608164 25186336 72388069 78059183 X SEE SCHEDULE O 0 0 27637275 5393642 29147184 PROVIDE EDUCATION TO STUDENTS FROM KINDERGARTEN THROUGH GRADE TWELVE. 27637275 1 1 0 0 0 0 0 0 1 1 1 0 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 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 203 0 1 215 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X WILLIS HOLLOWAY III 2029398800 3000 CATHEDRAL AVE NW WASHINGTON DC 20008 LEIGH COMAS PRESIDENT 2.00 X X 0 0 0 SYLVIA WHITE VICE PRESIDENT 2.00 X X 0 0 0 MICHAEL KIRSHBAUM TREASURER 2.00 X X 0 0 0 VADIM NIKITINE SECRETARY 2.00 X X 0 0 0 IAN CAMERON ASSISTANT SECRETARY 2.00 X X 0 0 0 AAKASH THAKKAR TRUSTEE 2.00 X 0 0 0 MAI ABDO TRUSTEE 2.00 X 0 0 0 ALAN ADLER TRUSTEE 2.00 X 0 0 0 BIKRAM BAKSHI TRUSTEE 2.00 X 0 0 0 SUSAN BOSLAND TRUSTEE 2.00 X 0 0 0 LIONEL BROWN TRUSTEE 2.00 X 0 0 0 LISA BROWN TRUSTEE 2.00 X 0 0 0 DAVID BURTON TRUSTEE 2.00 X 0 0 0 RICHARD BYNUM TRUSTEE 2.00 X 0 0 0 STEVE FARINA TRUSTEE 2.00 X 0 0 0 SUZANNE GEORGE TRUSTEE 2.00 X 0 0 0 SHERLONDA GOODE-JONES TRUSTEE 2.00 X 0 0 0 DAVID HALL TRUSTEE 2.00 X 0 0 0 RICK JUNEJA TRUSTEE 2.00 X 0 0 0 INGRID LUND TRUSTEE 2.00 X 0 0 0 LISA PALMER TRUSTEE 2.00 X 0 0 0 ALEXIS SANT TRUSTEE 2.00 X 0 0 0 ABIGAIL SCHICK TRUSTEE 2.00 X 0 0 0 LARRY SIEGEL TRUSTEE 2.00 X 0 0 0 TRICIA PRIMROSE WALLACE TRUSTEE 2.00 X 0 0 0 RACHEL MOORE WELLER TRUSTEE 2.00 X 0 0 0 BETH WILKINSON TRUSTEE 2.00 X 0 0 0 MARY JOSEPHINE TALBOTT HEAD OF SCHOOL 50.00 X X 623888 0 56588 WILLIS HOLLOWAY III ASST HEAD OF SCHOOL, FIN & OPS 50.00 X 249832 0 82865 SALLY DUNKELBERGER DIRECTOR OF DEVELOPMENT 50.00 X 232800 0 38193 LYNN LEVINSON ASST HEAD: STUDENT LIFE 50.00 X 171341 0 33341 STEVEN TEJADA DIRECTOR OF UPPER SCHOOL 50.00 X 207222 0 104706 JAIME ESTRADA LANGUAGE DEPT. CHAIR 50.00 X 182467 0 68525 MARIA LOPEZ ASST. HEAD OF CURRICULUM DEVELOPMENT 50.00 X 176370 0 20888 ANNIE FARQUHAR DIRECTOR OF ADMISSIONS 50.00 X 176181 0 33800 2020101 0 438906 19 0 1 0 FLIK INTERNATIONAL CORP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 1241949 MCDONALD CLEANING SYSTEMS INC 2121 WISCONSIN AVE NW WASHINGTON DC 20007 CLEANING SERVICES 511929 SYNERGY MANAGEMENT GROUP LLC 1900 STATLER ROAD MONTVALE VA 24122 HVAC 251970 GOULSTON & STORRS PC 400 ATLANTIC AVE BOSTON MA 02110 CONSULTATION SERVICES 222295 ALLIED UNIVERSAL SECURITY SERVICE PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 213810 7 611613 7024225 1303367 7635838 TUITION AND FEES 611710 28283554 28283554 SUMMER PROGRAMS 611710 679348 679348 STUDENT ACTIVITIES 611710 149406 149406 29112308 1448446 1448446 253688 0 253688 253688 253688 6101027 5979822 121205 121205 121205 297227 611613 300705 -3478 -3478 34876 34876 34876 38602883 29147184 0 1819861 5393642 5393642 1191253 894694 256749 39810 14391423 10790293 3117180 483950 1015999 781557 203516 30926 41425 31866 8299 1260 2749060 1994290 653226 101544 310159 310159 52844 52844 205416 205416 526273 472067 49470 4736 78518 70430 7381 707 429345 385122 40359 3864 2292112 2056024 215459 20629 TEACHING MATERIALS 1816417 1816417 ADMIN OPERATING COST 1344447 129527 1207269 7651 BUILDING & GROUNDS MAIN 1281621 1149614 120472 11535 FOOD SERVICE 1227616 1227616 1328048 444116 323799 560133 35675618 27637275 6771598 1266745 16617297 4634038 13791214 3953545 3542769 843820 694263 486781 225546 66389895 35372671 30638268 31017224 45456522 49340465 97996233 103245519 1459253 703983 9637273 9988652 13951507 13901559 82891 100825 477240 491317 25608164 25186336 X 43871978 46081426 28516091 31977757 72388069 78059183 97996233 103245519 2927265 2743850 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 24592423 2571038 1962755 1244085 27882131 26813009 1672012 -2948675 943923 24592423 22578959 22015 5299794 1087759 26813009 22605726 243798 401744 672309 22578959 21875787 412814 939020 621895 22605726 0.00000 0.77496 0.22504 0 0 126082 126082 58218772 30708075 27510697 4413824 3905510 508314 3631217 759086 2872131 31017224 DEFERRED COMPENSATION 491317 491317 X 36048380 2743849 -5393642 -2649793 38698173 205416 -300705 -95289 38602884 30377266 300705 300705 30076561 205416 5393642 5599058 35675619 PART IV, LINE 2B: FOR THEIR CONVENIENCE, MARET MAINTAINS SEPARATE ACCOUNTS FOR FUNDS RELATED TO VARIOUS STUDENT GROUPS, STUDENT ACTIVITIES, AND OTHER SCHOOL-RELATED PROJECTS. ALL OF THESE FUNDS ARE ENTIRELY CONTROLLED BY THE RESPECTIVE SCHOOL-RELATED GROUPS. PART V, LINE 4: THE SCHOOL MAINTAINS MULTIPLE ENDOWMENT FUNDS DESIGNATED TO ACHIEVE A BROAD RANGE OF GOALS FOR FACULTY AND STUDENTS, AS WELL AS PROGRAM-DIRECTED ENDEAVORS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE ("IRC"), EXCEPT FOR UNRELATED BUSINESS INCOME, AS DEFINED BY THE IRC. THE SCHOOL DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2023 OR 2022 AND DID NOT MAKE ANY ESTIMATED PAYMENTS. ACCORDINGLY, THESE STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES FOR THE YEAR ENDED JUNE 30, 2023 AND 2022. THE SCHOOL IS REQUIRED TO FILE, AND DOES FILE, TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. TAX RETURNS FILED BY THE SCHOOL ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. THE SCHOOL HAS ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN INCOME TAX POSITIONS. DURING THE YEARS ENDED JUNE 30, 2023 AND 2022, THE SCHOOL DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS -5,393,642. UNREALIZED GAIN ON SWAP AGREEMENT PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -300,705. GAIN INCLUDED WITH EXPENSES ON AUDITED FINANCIAL STATEMENTS PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 300,705. GAIN INCLUDED WITH EXPENSES ON AUDITED FINANCIAL STATEMENTS PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS 5,393,642. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHOOL'S NONDISCRIMINATORY POLICY - SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE WASHINGTON POST ON A PERIODIC BASIS. AUCTION 908840 611613 297227 65538 124183 110984 908840 611613 297227 65538 124183 110984 300705 -3478 1 FINANCIAL AID 171 5393642 FMV FINANCIAL AID MONITORING THE USE OF GRANT FUNDS - PART I, LINE 2 THE FINANCIAL AID GRANTS ARE APPLIED AS FOLLOWS: $5,175,229 TO TUITION ASSISTANCE AND $218,413 TO SPECIAL AID FOR STUDENT ACTIVITIES AND RESOURCES. TUITION ASSISTANCE IS GRANTED TO STUDENTS ON A NEED BASIS. IN ORDER TO ESTABLISH FINANCIAL NEED, AN ONLINE APPLICATION FORM IS SUBMITTED FOR REVIEW BY MANAGEMENT AND AWARDED TO STUDENTS ON AN OBJECTIVE BASIS. ONCE AWARDED, THE FUNDS ARE CREDITED TO THE STUDENT'S ACCOUNT. THE SPECIAL AID IS REVIEWED AND APPROVED BY THE DIRECTOR OF FINANCIAL AID ON A CASE-BY-CASE BASIS. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 MARY JOSEPHINE TALBOTT HEAD OF SCHOOL 623888 0 0 0 0 0 43700 0 12888 0 680476 0 0 0 WILLIS HOLLOWAY III ASST HEAD OF SCHOOL, FIN & OPS 249832 0 0 0 0 0 20600 0 62265 0 332697 0 0 0 STEVEN TEJADA DIRECTOR OF UPPER SCHOOL 207222 0 0 0 0 0 15757 0 88949 0 311928 0 0 0 SALLY DUNKELBERGER DIRECTOR OF DEVELOPMENT 232800 0 0 0 0 0 18860 0 19333 0 270993 0 0 0 JAIME ESTRADA LANGUAGE DEPT. CHAIR 182467 0 0 0 0 0 13720 0 54805 0 250992 0 0 0 ANNIE FARQUHAR DIRECTOR OF ADMISSIONS 176181 0 0 0 0 0 14467 0 19333 0 209981 0 0 0 LYNN LEVINSON ASST HEAD: STUDENT LIFE 171341 0 0 0 0 0 14008 0 19333 0 204682 0 0 0 MARIA LOPEZ ASST. HEAD OF CURRICULUM DEVELOPMENT 176370 0 0 0 0 0 14008 0 6880 0 197258 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVED A HOUSING ALLOWANCE AND PERSONAL SERVICES, WHICH INCLUDED HOUSE CLEANING AND LAWN CARE. THE ALLOWANCE WAS INCLUDED AS TAXABLE INCOME AND IS REPORTED IN PART II COL B(III). PART I, LINE 4B THE HEAD OF SCHOOL PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (SECTION 457F). THE SCHOOL MADE A CONTRIBUTION OF $20,500 ON BEHALF OF THE HEAD OF SCHOOL INTO THIS PLAN IN 2022. A DISTRICT OF COLUMBIA 536001131 2548394P5 2009-10-07 17335000 REFINANCE TAX EXEMPT BONDS 0 0 0 A 3433441 17335000 17335000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 1 0 0 0 0 A 0 SCHEDULE K, PART IV, LINE 2C REBATE COMPUTATION DATE: THE REBATE COMPUTATION CALCULATION WAS LAST PERFORMED ON NOVEMBER 21, 2018, SHOWING NO AMOUNT DUE. X 25 1303367 FMV 0 0 0 FORM 990, PART I, LINE 1: MARET SCHOOL IS A VIBRANT K-12, CO-EDUCATIONAL, INDEPENDENT SCHOOL IN WASHINGTON, DC. WE IGNITE OUR STUDENTS' POTENTIAL AND FOSTER THEIR ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS. WE DEVELOP THE MIND, NURTURE CURIOSITY, WELCOME CHALLENGE, EMBRACE JOY, AND BUILD COMMUNITY THAT IS EQUITABLE AND INCLUSIVE. FORM 990, PART V, LINE 2A: NUMBER OF EMPLOYEES FOR CALENDAR YEAR 2022 - THE TOTAL NUMBER OF EMPLOYEES REPORTED ON LINE 2A OF PART V OF FORM 990 REPRESENTS THE TOTAL NUMBER OF EMPLOYEES FOR THE ENTIRETY OF CALENDAR YEAR 2022, NOT THE TOTAL AT ONE TIME DURING THAT YEAR. MOREOVER, THE NUMBER VARIES DURING THE DAY, AS IT IS COMPRISED OF ADMINISTRATIVE AND FACULTY PERSONNEL WHO ARE PRESENT DURING ACADEMIC HOURS AND OTHER PERSONNEL ENGAGED IN AFTER-SCHOOL ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD TRUSTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EVERY SCHOOL YEAR, THE CONFLICT OF INTEREST STATEMENT IS ISSUED TO EVERY BOARD MEMBER. THEY ALL SIGN THE DOCUMENT AND RETURN IT TO THE CHAIR. THROUGHOUT THE YEAR IT IS EXPECTED OF EACH BOARD MEMBER TO BE COMPLIANT WITH THE POLICY AND TO INFORM THE CHAIR IF THERE ARE ANY POSSIBLE CONFLICTS OF INTEREST THAT MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15 DURING THE FIRST QUARTER OF 2013, A COMPENSATION COMMITTEE WHOSE MEMBERSHIP INCLUDED THE PRESIDENT, VICE PRESIDENT, AND TREASURER, HIRED AN INDEPENDENT COMPENSATION CONSULTANT WHO SURVEYED 25+ COMPARABLE SCHOOLS AND USED THAT DATA IN DETERMINING THE APPROPRIATE COMPENSATION FOR THE HEAD. A COMPENSATION STUDY WAS PERFORMED DURING THE CURRENT FISCAL YEAR IN WHICH THE SCHOOL COMPARED HEAD OF SCHOOL COMPENSATION FOR SCHOOLS SIMILAR IN SIZE AND IN NEARBY PROXIMITY TO DETERMINE AMOUNTS FOR THE HEAD'S COMPENSATION IN HER CONTRACT. THE KEY EMPLOYEE AND HIGHEST COMPENSATED EMPLOYEES' SALARIES ARE COMPARED TO THOSE AT COMPARABLE SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.