2025-04-01T16:14:32-05:00 2024-06-30 521197902 MULLEN SONDBERG WIMBISH & STONE PA 888 BESTGATE ROAD SUITE 310 ANNAPOLIS MD 21401 990 2023-07-01 520591466 SEVERN SCHOOL INC SEVE 4106477701 201 WATER STREET SEVERNA PARK MD 21146 DOUGLAS LAGARDE HEAD OF SCHOOL 4106477700 2025-04-01 1 0 PHILIP J WIMBISH JR CPA P01285171 4102244920 2025-04-01 2023 2025-03-06 01:10:19Z DOUGLAS LAGARDE 201 WATER STREET SEVERNA PARK MD 21146 39536925 0 X WWW.SEVERNSCHOOL.COM X 1938 MD TO PROVIDE EDUCATION TO STUDENTS YEARS PRE-K THROUGH TWELVE. 29 29 327 400 0 0 4242495 3194192 25332957 26169712 421648 1004096 371143 375982 30368243 30743982 3103914 3218285 0 0 16801785 17880976 0 0 1061937 7303939 7572689 27209638 28671950 3158605 2072032 74760614 79570199 13550983 13702094 61209631 65868105 AN INDEPENDENT, CO-ED SCHOOL PROVIDING EDUCATION TO STUDENTS IN YEARS PRE-K THROUGH TWELVE. 0 0 24152033 3218285 26169712 EDUCATIONAL - PROVIDE EDUCATION FOR STUDENTS YEARS PRE-K THROUGH TWELVE. 24152033 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 1 0 0 0 0 0 0 0 0 1 56 0 1 327 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 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 ANDREW BAUER 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 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 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 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 MATT ALSTED TRUSTEE 3.00 X 0 0 0 GINA M DESTEFANO TRUSTEE 3.00 X 0 0 0 LAURE FISHER TRUSTEE 3.00 X 0 0 0 KIRK JAY TRUSTEE 3.00 X 0 0 0 SHAUN R MATHIS TRUSTEE 3.00 X 0 0 0 ADAM WILLIAMS TRUSTEE 3.00 X 0 0 0 DAVID WILLIAMS TRUSTEE 3.00 X 0 0 0 TAYLOR SCOTT TRUSTEE 3.00 X 0 0 0 DOUGLAS LAGARDE HEAD OF SCHOOL 40.00 X 596115 0 62496 CHRISTOPHER SAPIENZA DIR. OF BUSINESS & FINANCE 40.00 X 181952 0 47365 SHANNON HOWELL DIRECTOR OF DEVELOPMENT 40.00 X 173232 0 58212 CATHY NORTH HEAD, LOWER SCHOOL 40.00 X 138888 0 45642 STEPHEN SODEN HEAD, UPPER SCHOOL 40.00 X 134567 0 53641 KIMBERLY SLADE DIR. OF ENROLLMENT MANAGEM 40.00 X 160133 0 24771 SIDRA SMITH DIR. OF STUDIES AND STRATE 40.00 X 155458 0 13459 1540345 0 305586 10 0 1 0 HORD COPLAN MACHT INC PO BOX 69429 BALTIMORE MD 21264 ARCHITECTURAL SERVICES 808214 BROCK AND COMPANY INC 257 GREAT VALLEY PARKWAY MALVERN PA 19355 DINING SERVICES 523265 CP CLEANING SERVICE'S INC 806 BALTIMORE ANNAPOLIS BLVD SEVERNA PARK MD 21146 CLEANING SERVICES 269882 AR MARANI INC 7500 HARFORD RD BALTIMORE MD 21234 CONSTRUCTION SERVICES 241040 MECHANICAL ENGINEERING & CONSTRUCTION CO 6159 EDMONDSON AVE SUITE A CATONSVILLE MD 21228 MECHANICAL ENGINEERING 200878 7 3194192 603465 3194192 TUITION/FEES 900099 26169712 26169712 26169712 854473 854473 183801 0 183801 183801 183801 8773517 30000 8636781 17113 136736 12887 149623 149623 327420 139049 188371 188371 MISCELLANEOUS REVENUE 900099 3810 3810 3810 30743982 26169712 0 1380078 3218285 3218285 887927 887927 12904344 11021160 1276903 606281 974448 827430 101502 45516 2157533 1806166 260836 90531 956724 768858 142244 45622 82122 82122 54463 54463 266446 170012 96434 289947 289947 1399962 1283961 92972 23029 199398 176828 15325 7245 749885 508190 43866 197829 257901 234690 20632 2579 1831781 1666921 146542 18318 131349 120936 9256 1157 REPAIRS AND MAINTENANCE 997117 924392 65618 7107 UTILITIES 969584 829773 130693 9118 MISCELLANEOUS 342734 304484 30645 7605 28671950 24152033 3457980 1061937 1399010 1082608 11680920 13549162 617443 2280610 305938 140313 6803 6803 162213 431905 65469707 26108745 40173689 39360962 19769578 22028381 591454 57400 53566 632055 74760614 79570199 1577129 1684835 3056268 3073045 8798022 8232502 119564 711712 13550983 13702094 X 45417850 46385380 15791781 19482725 61209631 65868105 74760614 79570199 2072032 2586442 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18434900 1098027 3158611 753325 21938213 16280275 555951 2317984 719310 18434900 19155890 50981 -2305931 620665 16280275 14643257 117639 4995238 600244 19155890 14499998 319071 381395 557207 14643257 0.23842 0.37257 0.38901 0 0 3718542 3718542 55358313 23435819 31922494 4055593 2672926 1382667 2337259 2337259 39360962 DEFERRED COMPENSATION 40000 FINANCE LEASE OBLIGATIONS 671712 711712 X 30112139 2586442 -3218285 -631843 30743982 0 30743982 25453665 0 25453665 3218285 3218285 28671950 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 -3,218,285. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,218,285. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NONDISCRIMINATORY POLICY PUBLISHED ANNUALLY IN AREA NEWSPAPER. AUCTION 267520 267520 2550 7831 57313 6037 43895 GOLF 59900 59900 520 19689 250 964 327420 327420 3070 27520 57563 6037 44859 139049 188371 1 FINANCIAL AID FOR STUDENTS 223 3218285 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 474716 0 0 0 121399 0 36042 0 26454 0 658611 0 0 0 SHANNON HOWELL DIRECTOR OF DEVELOPMENT 173232 0 0 0 0 0 14951 0 43261 0 231444 0 0 0 CHRISTOPHER SAPIENZA DIR. OF BUSINESS & FINANCE 181952 0 0 0 0 0 16737 0 30628 0 229317 0 0 0 STEPHEN SODEN HEAD, UPPER SCHOOL 134567 0 0 0 0 0 11920 0 41721 0 188208 0 0 0 KIMBERLY SLADE DIR. OF ENROLLMENT MANAGEM 160133 0 0 0 0 0 12852 0 11919 0 184904 0 0 0 CATHY NORTH HEAD, LOWER SCHOOL 138888 0 0 0 0 0 12200 0 33442 0 184530 0 0 0 SIDRA SMITH DIR. OF STUDIES AND STRATE 155458 0 0 0 0 0 12440 0 1019 0 168917 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 5440000 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 X 14 603465 FAIR MARKET VALUE 0 0 0 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. 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.