2024-04-22T08:55:50-05:00 2023-06-30 521197902 MULLEN SONDBERG WIMBISH & STONE PA 888 BESTGATE ROAD SUITE 310 ANNAPOLIS MD 21401 990 2022-07-01 520591466 SEVERN SCHOOL INC SEVE 4106477701 201 WATER STREET SEVERNA PARK MD 21146 DOUGLAS LAGARDE HEAD OF SCHOOL 4106477700 2024-04-19 1 DOUGLAS LAGARDE 999009999 0 PHILIP J WIMBISH JR CPA P01285171 4102244920 2024-04-19 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOUGLAS LAGARDE 201 WATER STREET SEVERNA PARK MD 21146 36351781 0 X WWW.SEVERNSCHOOL.COM X 1938 MD TO PROVIDE EDUCATION TO STUDENTS YEARS PRE-K THROUGH TWELVE. 28 28 322 400 0 0 3497876 4242495 24379172 25332957 495534 421648 316651 371143 28689233 30368243 3080698 3103914 0 0 15996024 16801785 0 0 1065334 6603607 7303939 25680329 27209638 3008904 3158605 70000569 74760614 13681936 13550983 56318633 61209631 AN INDEPENDENT, CO-ED SCHOOL PROVIDING EDUCATION TO STUDENTS IN YEARS PRE-K THROUGH TWELVE. 0 0 22835535 3103914 25332957 EDUCATIONAL - PROVIDE EDUCATION FOR STUDENTS YEARS PRE-K THROUGH TWELVE. 22835535 1 1 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 1 54 0 1 322 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X THE ORGANIZATION 4106477700 201 WATER STREET SEVERNA PARK MD 21146 JON M MAHAN CHAIR 3.00 X X 0 0 0 JOHN C STAMATO VICE CHAIR 3.00 X X 0 0 0 JONATHAN P KAGAN SECRETARY 3.00 X X 0 0 0 VISHVA GHEEWALA TREASURER 3.00 X X 0 0 0 SCOTT T BASS TRUSTEE 3.00 X 0 0 0 ANDREW BAUER TRUSTEE 3.00 X 0 0 0 DAVID CAHOUET TRUSTEE 3.00 X 0 0 0 CAROLYN BENZ TRUSTEE 3.00 X 0 0 0 ROCKY CINTRON TRUSTEE 3.00 X 0 0 0 KENT L HOLTGREWE TRUSTEE 3.00 X 0 0 0 GINA DESTEFANO TRUSTEE 3.00 X 0 0 0 MICHAEL CLARK TRUSTEE 3.00 X 0 0 0 DR KATHERINE GRAW LAMOND TRUSTEE 3.00 X 0 0 0 NELS OLSON TRUSTEE 3.00 X 0 0 0 EDWARD HILLER TRUSTEE 3.00 X 0 0 0 SHAUN R MATHIS TRUSTEE 3.00 X 0 0 0 SHERWOOD E PAGE TRUSTEE 3.00 X 0 0 0 ED COLEMAN TRUSTEE 3.00 X 0 0 0 SARAH WALSH TRUSTEE 3.00 X 0 0 0 MIKELL PARSH TRUSTEE 3.00 X 0 0 0 DREW LARKIN TRUSTEE 3.00 X 0 0 0 JONATHAN JAY TRUSTEE 3.00 X 0 0 0 STEPHANIE JACOBS TRUSTEE 3.00 X 0 0 0 KATIE LEAVY TRUSTEE 3.00 X 0 0 0 ELSA MASKELL TRUSTEE 3.00 X 0 0 0 CATHERINE HERRICK TRUSTEE 3.00 X 0 0 0 WENDY JONES TRUSTEE 3.00 X 0 0 0 JOHN LEWIS TRUSTEE 3.00 X 0 0 0 DOUGLAS LAGARDE HEAD OF SCHOOL 40.00 X 458597 0 56294 CHRISTOPHER SAPIENZA DIR. OF BUSINESS & FINANCE 40.00 X 96264 0 19614 SHANNON HOWELL DIRECTOR OF DEVELOPMENT 40.00 X 163497 0 60724 CATHY NORTH HEAD, LOWER SCHOOL 40.00 X 128538 0 48561 STEPHEN SODEN HEAD, UPPER SCHOOL 40.00 X 129647 0 63343 KIMBERLY SLADE DIR. OF ENROLLMENT MANAGEMENT AND OUTREACH 40.00 X 153571 0 15066 SIDRA SMITH DIR. OF STUDIES AND STRATEGIC INITIATIVES 40.00 X 147990 0 5089 1278104 0 268691 10 0 1 0 BROCK AND COMPANY INC 257 GREAT VALLEY PARKWAY MALVERN PA 19355 DINING SERVICES 446845 CP CLEANING SERVICE INC 806 BALTIMORE ANNAPOLIS BLVD SEVERNA PARK MD 21146 CLEANING SERVICES 336937 GREEN CONTRACTING 8837 YELLOW BRICK RD BALTIMORE MD 21237 GREEN CONTRACTING 312556 BALTIMORE SUN PO BOX 8020 WILLOUGHBY OH 44096 ADVERTISING 163536 BRIGHTVIEW LANDSCAPES PO BOX 740655 ATLANTA GA 30374 LANDSCAPING 160698 9 1815601 2426894 4242495 TUITION/FEES 900099 25332957 25332957 25332957 526616 526616 171826 0 171826 171826 171826 5737687 5800340 42315 -62653 -42315 -104968 -104968 331176 140883 190293 190293 MISCELLANEOUS REVENUE 900099 9024 9024 9024 30368243 25332957 0 792791 3103914 3103914 706676 706676 12237477 10339051 1309117 589309 912824 762511 106852 43461 2044268 1712215 222198 109855 900540 722450 134291 43799 51269 51269 57960 57960 281410 167691 113719 387404 387404 1213305 1090240 112050 11015 241587 219189 12764 9634 674706 421197 41360 212149 244019 222057 19522 2440 1789773 1628693 143182 17898 127317 117247 8951 1119 REPAIRS AND MAINTENANCE 1046924 971159 68904 6861 UTILITIES 947244 811983 126338 8923 MISCELLANEOUS 241021 158534 73616 8871 27209638 22835535 3308769 1065334 2593747 1399010 6811414 11680920 246875 617443 161718 305938 6803 6803 325059 162213 64652471 24478782 41402032 40173689 17637234 19769578 800289 591454 15398 53566 70000569 74760614 1401094 1577129 2891684 3056268 9351543 8798022 37615 119564 13681936 13550983 X 42758655 45417850 13559978 15791781 56318633 61209631 70000569 74760614 X 3158605 1937563 -205170 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16280275 555951 2317984 719310 18434900 19155890 50981 -2305931 620665 16280275 14643257 117639 4995238 600244 19155890 14499998 319071 381395 557207 14643257 13806211 230333 958914 495460 14499998 0.20111 0.43806 0.36084 0 0 3718542 3718542 55094336 21871129 33223207 3922941 2607653 1315288 1916652 1916652 40173689 DEFERRED COMPENSATION 82206 FINANCE LEASE OBLIGATIONS 37358 119564 X 28996722 1937563 -3309084 -1371521 30368243 0 30368243 24105724 0 24105724 3103914 3103914 27209638 PART V, LINE 4: THE SCHOOL INTENDS TO USE THE ENDOWMENT FUNDS TO SUPPLEMENT THE ANNUAL OPERATIONS OF THE SCHOOL AS WELL AS FULFILL DONOR RESTRICTIONS PLACED ON ENDOWMENTS. PART X, LINE 2: THE SCHOOL FOLLOWS THE GUIDANCE OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR THE RECOGNITION AND MEASUREMENT OF THE BENEFITS OF INDIVIDUAL TAX POSITIONS IN THE FINANCIAL STATEMENTS, INCLUDING THOSE OF NONPROFIT ORGANIZATIONS. TAX POSITIONS MUST MEET A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT IN ORDER FOR THE BENEFIT TO BE RECOGNIZED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL ANALYZES TAX POSITIONS TAKEN, INCLUDING THOSE RELATED TO THE REQUIREMENTS SET FORTH IN IRC SEC. 501(C) TO QUALIFY AS A TAX-EXEMPT ORGANIZATION, ACTIVITIES PERFORMED BY VOLUNTEERS AND BOARD MEMBERS, THE REPORTING OF UNRELATED BUSINESS INCOME, AND ITS STATUS AS A TAX-EXEMPT ORGANIZATION UNDER MARYLAND STATE STATUTE. THE SCHOOL DOES NOT KNOW OF ANY TAX BENEFITS ARISING FROM UNCERTAIN TAX POSITIONS AND THERE WAS NO EFFECT ON THE SCHOOL'S FINANCIAL POSITION OR CHANGES IN NET ASSETS AS A RESULT OF ANALYZING ITS TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -3,103,914. IMPAIRMENT LOSS ON LAND AND PROPERTY HELD FOR SALE -205,170. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,103,914. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NONDISCRIMINATORY POLICY PUBLISHED ANNUALLY IN AREA NEWSPAPER. SCHEDULE E, PART I, LINE 6 DURING THE FISCAL YEAR ENDED JUNE 30, 2023, THE SCHOOL RECEIVED $1,815,601 FROM THE EMPLOYEE RETENTION CREDIT PROGRAM. AUCTION 269786 269786 123750 GOLF 61390 61390 17133 331176 331176 140883 140883 190293 1 FINANCIAL AID FOR STUDENTS 235 3103914 TUITION FEE SCHEDULE TUITION SCHOLARSHIPS & TUITION REMISSION PART I, LINE 2: THE SCHOOL MONITORS THE USE OF GRANT FUNDS ON A YEARLY BASIS. TUITION ASSISTANCE AND REMISSION IS AWARDED ON AN ANNUAL BASIS BY A COMMITTEE AND IS BASED UPON STUDENT NEED AND ELIGIBILITY. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DOUGLAS LAGARDE HEAD OF SCHOOL 458597 0 0 0 0 0 32189 0 24105 0 514891 0 0 0 SHANNON HOWELL DIRECTOR OF DEVELOPMENT 163497 0 0 0 0 0 13718 0 47006 0 224221 0 0 0 STEPHEN SODEN HEAD, UPPER SCHOOL 129647 0 0 0 0 0 10960 0 52383 0 192990 0 0 0 CATHY NORTH HEAD, LOWER SCHOOL 128538 0 0 0 0 0 10908 0 37653 0 177099 0 0 0 KIMBERLY SLADE DIR. OF ENROLLMENT MANAGEMENT AND OU 153571 0 0 0 0 0 4027 0 11039 0 168637 0 0 0 SIDRA SMITH DIR. OF STUDIES AND STRATEGIC INITIA 147990 0 0 0 0 0 3853 0 1236 0 153079 0 0 0 PART I, LINE 1A AS IS NORMAL AND CUSTOMARY WITH SCHOOLS, THE HEAD OF SCHOOL OF SEVERN SCHOOL (DOUGLAS LAGARDE) IS PROVIDED WITH HOUSING FOR THE CONVENIENCE OF THE SCHOOL AND IS A CONDITION OF EMPLOYMENT (PER EMPLOYMENT CONTRACT) THAT THE HEAD OF SCHOOL RESIDE IN THE HOUSE PROVIDED. THE HEAD OF SCHOOL'S HOME IS USED FOR MANY SCHOOL ACTIVITIES INCLUDING HOSTING EVENTS FOR STUDENTS, FACULTY, AND SUPPORTERS. THE CALCULATED NONTAXABLE BENEFIT RECIEVED BY THE HEAD OF SCHOOL FOR THE PERSONAL USE OF THE HOUSING AMOUNTED TO APPROXIMATELY $60,000. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 000000000 2016-08-31 13800000 REFUND PRIOR BONDS AND REFINANCE NOTE 0 0 0 A 4864000 13800000 13800000 2016 1 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT/FINANCIAL COMMITTEE SHALL REVIEW AND APPROVE THE IRS FORM 990 ANNUAL TAX FILING PRIOR TO SUBMISSION, AND THE FULL BOARD WILL BE ABLE TO ACCESS AND VIEW THE 990 THROUGH A DOCUMENT PORTAL PRIOR TO FILING. THE HEAD OF SCHOOL SHALL SIGN AND CERTIFY THAT THE IRS FORM 990 IS ACCURATE AND COMPLETE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES TO REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE AND SIGN AN ANNUAL DISCLOSURE QUESTIONNAIRE. FORM 990, PART VI, SECTION B, LINE 15 THE BYLAWS OF SEVERN SCHOOL ESTABLISHED A PESONNEL COMMITTEE THAT HAS GENERAL OVERSIGHT OF THE SCHOOL'S HUMAN RESOURCE PLAN. SPECIFIC DUTIES INCLUDE YEARLY EVALUATION OF THE FACULTY COMPENSATION SCALES/RANGE AS WELL AS THE RANGES FOR STAFF ADMINISTRATORS. COMPETENT SALARY SURVEY(S) OF INDEPENDENT AND OTHER SCHOOLS ARE USED TO BENCHMARK COMPENSATION FOR FACULTY COMPENSATION. FOR THE ADMINISTRATOR COMPENSATION LEVELS, THE COMMITTEE USES THE DATA PROVIDED BY THE ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS (AIMS) IF AVAILABLE AS A GUIDE. THE EXECUTIVE COMMITTEE OF THE BOARD MEETS TO DISCUSS THE COMPENSATION PACKAGE FOR THE HEAD OF SCHOOL USING DATA PROVIDED BY AIMS AS WELL AS OTHER INFORMATION THEY FIND IN THEIR RESEARCH. THE EXECUTIVE COMMITTEE PERFORMS THE ANNUAL EVALUATION OF THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE PRESENTED ITS FINDINGS AND RECOMMENDATIONS TO THE FULL BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO PUBLIC INSPECTION UPON WRITTEN REQUEST. THE ORGANIZATION'S FORM 990 IS ALSO AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS ON LAND AND PROPERTY HELD FOR SALE -205,170. PART XII LINE 2C THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT AUDITOR AND ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.