2023-03-21T19:00:10+00:00 2022-06-30 571157523 Aprio LLP 111 Rockville Pike Suite 600 Rockville MD 20850 990 2021-07-01 540505925 THE MADEIRA SCHOOL INC MADE 7035568241 8328 GEORGETOWN PIKE MCLEAN VA 221021203 Alexander C Heiberger CFO 7035568241 2023-03-21 true Alexander Heiberger 999009999 Robert Eby CPA P01682202 3012316200 2022-10-24 2021 2023-04-26 12:10:37Z Alexander C Heiberger 8328 GEORGETOWN PIKE MCLEAN VA 221021203 78520387 false X www.madeira.org X 1906 VA AS A BOARDING-DAY SCHOOL FOR GIRLS, MADEIRA'S MISSION IS LAUNCHING WOMEN WHO CHANGE THE WORLD. 24 24 265 250 -49652 0 14296961 2860313 17793227 22132353 4583914 -6644895 0 43405 36674102 18391176 3567524 3818986 0 0 11455366 10846551 0 0 1477032 10237293 12085266 25260183 26750803 11413919 -8359627 209297474 200705869 27577443 26235319 181720031 174470550 MADEIRA IS A BOARDING AND DAY COLLEGE PREPARATORY SCHOOL FOR GIRLS IN GRADES NINE THROUGH TWELVE. MADEIRA IS A GIRL'S SCHOOL BY DESIGN, WHERE EVERY ASPECT OF ACADEMIC, SOCIAL, AND ATHLETIC LIFE IS DIRECTED TOWARD EDUCATING THE NEXT GENERATION OF YOUNG WOMEN FOR LEADERSHIP. false false 21307652 3805501 22130563 BOARDING AND DAY SCHOOL FOR GIRLS, PROVIDING HIGH SCHOOL EDUCATION (334 STUDENTS). 21307652 true true false false false false false false true true true false false true true true false true false true false false false false false false false true true true false false false false false false false false false false true false false false false false false false false true 64 0 true 265 true true true false false false false false false false false false false X 24 24 false false false false false false false true true false false true true true true true true true true false VA X Alexander C Heiberger 7035568241 8328 Georgetown Pike McLean VA 22102 Anita Patel Tolani Secretary 3.0 X X 0 0 0 Anne Faircloth Vice President 3.0 X X 0 0 0 Gaither Smoot Deaton President 4.0 X X 0 0 0 George Kaczmarskyj Treasurer 3.0 X X 0 0 0 Joy Johnson Vice President 3.0 X X 0 0 0 Alicia Marian Avery Trustee 3.0 X 0 0 0 Andrew Blocher Trustee 3.0 X 0 0 0 Ann Baker Boney Trustee 3.0 X 0 0 0 Audrey Baxter Young Trustee 3.0 X 0 0 0 Avery Swing Miller Trustee 3.0 X 0 0 0 Bronwyn Hughes Trustee 3.0 X 0 0 0 Carrie Southworth Johnson Trustee 3.0 X 0 0 0 Emi Kolawole Trustee 3.0 X 0 0 0 Kate Wisniewski Weir Trustee 3.0 X 0 0 0 Kumea Shorter-Gooden PhD Trustee 3.0 X 0 0 0 Lee Carol Cook Trustee 3.0 X 0 0 0 Louise Stillman Lehrman Trustee 3.0 X 0 0 0 Michele Malek Olson Trustee 3.0 X 0 0 0 Nancy Rodwell Tuohy Trustee 3.0 X 0 0 0 Pilar Frank O'Leary Trustee 3.0 X 0 0 0 Rene Chaze Trustee 3.0 X 0 0 0 Sue Luangkhot Hoppin Trustee 3.0 X 0 0 0 Tracy Savage Trustee 3.0 X 0 0 0 William Eric Clark Trustee 3.0 X 0 0 0 Alexander Heiberger Chief Financial Officer 40.0 X 248299 0 73932 Gretchen Warner Head of School 40.0 X 317999 0 112089 Jessica Battaglia Assistant Secretary & Executive Asst to Head of School 40.0 X 28628 0 2299 Scott Cohen Assitant CFO & Comptroller 40.0 X 129944 0 13628 Mary Ann Mahoney Dean of Academics & Student Success 40.0 X 166099 0 35429 Andre Withers Assistant Head of School 40.0 X 117941 0 84965 Ann Weymouth Human Resources Director 40.0 X 104660 0 53332 Emily Reynolds Director of Enrollment Management 40.0 X 132356 0 30883 Jeff Dayton Director of Technology 40.0 X 111278 0 14000 Karen Joostema Director of Communications & Marketing 40.0 X 120303 0 57808 1477507 0 478365 9 false true false Meriwether Godsey 4944 OLD BOONSBORO ROAD LYNCHBURG VA 24503 Food Services 1432021 Anderson Mechanical Services Inc 23585 Overland Drive Suite 140 Sterling VA 20166 HVAC Contractor 1358735 Coakley and Williams Construction LLC 7475 WISCONSIN AVENUE SUITE 900 BETHESDA MD 20814 Construction 1195897 Harry Braswell Inc 4307 Wheeler Avenue Suite 300 Alexandria VA 22304 Construction 785616 Palm Facility Services LLC 10401 CONNECTICUT AVENUE KENSINGTON MD 20895 Cleaning - Janitorial Services 667495 16 2860313 168070 2860313 Tuition 900099 19555204 19555204 Auxiliary services 900099 1405520 1405520 Summer Programs 900099 1064721 1064721 Other Programs 900099 106908 105118 1790 0 0 0 0 22132353 198144 -51442 249586 0 0 53286172 60129211 -6843039 0 -6843039 -6843039 Miscellaneous Income 900099 23090 23090 Rebates 900099 20315 20315 0 0 0 0 43405 18391176 22130563 -49652 -6550048 3818986 3818986 1168267 491678 647130 29459 7719196 5561159 1565197 592840 716613 548532 103821 64260 473939 379746 48521 45672 768536 560417 144414 63705 54492 54492 89200 89200 2297278 1633245 445235 218798 59420 1743 57677 1186561 944783 139004 102774 541113 262234 174908 103971 1099697 1044713 32990 21994 169121 126550 32160 10411 1647956 1360957 202220 84779 482105 467160 8967 5978 2142113 2086315 27222 28576 309044 232903 59585 16556 Other Management and General Costs 1759409 1671442 52781 35186 MEMBERSHIP DUES AND LICENSES 101354 18879 81751 724 Credit Card Fees 88151 45044 31543 11564 Bad Debt 56097 28665 20073 7359 2155 22501 -52772 32426 26750803 21307652 3966119 1477032 2411 38479509 42684620 5846002 4333626 2079962 1498122 0 0 480262 401722 104599829 23413105 78988766 81186724 46310789 34343634 36461353 35709206 0 650831 545804 209297474 200705869 3446040 3688619 10914763 11114802 10376017 10236759 0 2840623 1195139 27577443 26235319 X 82427588 83586514 99292443 90884036 181720031 174470550 209297474 200705869 X -8359627 -422530 1532676 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 83596362 609980 -6880494 2997666 74328182 65596181 897142 19890650 2787611 83596362 68688035 838198 -1210792 2719260 65596181 65414836 2230124 3689299 2646224 68688035 64461671 657902 2895819 2600556 65414836 0.0939 0.7073 0.1988 false false 236766 236766 87185267 17033141 70152126 7961297 1622335 6338962 510487 413327 97160 8706012 4344302 4361710 81186724 Alternative Strategies 15186624 F Natural Resources 4529035 F Real Estate Investment Trusts 0 F Private Investments 9415661 F Fixed Income 6577886 F 35709206 Interest Rate Swap Agreements 1195139 1195139 X 15695821 -422530 1645484 1222954 14472867 3918309 3918309 18391176 22945302 0 0 22945302 3805501 3805501 26750803 Schedule D, Part V, Line 4 Intended uses of endowment funds THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 90 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS. AS REQUIRED UNDER U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED STIPULATIONS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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, 2022 and 2021, 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 2019 through the current year remain open for examination by federal, state and local jurisdictions. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 GAIN ON INTEREST RATE SWAP AGREEMENT - 1645484 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements FINANCIAL AID - 3805501 Change in value of split interest agreements - 112808 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements FINANCIAL AID - 3805501 true true true true true true true false false false false false false false false false false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY INCLUDED IN ALL NEWSPAPER ADVERTISEMENTS. Central America and the Caribbean 0 0 Investments 0 0 0 0 0 0 0 0 0 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEA false Financial aid awarded to students 135 3818986 Tuition and Fees Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. NOT REPORTING FINANCIAL AID BY STUDENT IS COVERED BY 20 U.S.C. 1232G. X X true true X X X X X X false true false false false false false false false Gretchen Warner Head of School 298499 0 0 0 19500 0 31694 0 80395 0 430088 0 0 0 Alexander Heiberger Chief Financial Officer 248299 0 0 0 0 0 27431 0 46501 0 322231 0 0 0 Mary Ann Mahoney Dean of Academics & Student Success 146599 0 0 0 19500 0 18105 0 17324 0 201528 0 0 0 Emily Reynolds Director of Enrollment Management 132356 0 0 0 0 0 13876 0 17007 0 163239 0 0 0 Karen Joostema Director of Communications & Marketing 120303 0 0 0 0 0 13933 0 43875 0 178111 0 0 0 Andre Withers Assistant Head of School 117941 0 0 0 0 0 13848 0 71117 0 202906 0 0 0 Ann Weymouth Human Resources Director 104660 0 0 0 0 0 11962 0 41370 0 157992 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE VALUE OF HOUSING PROVIDED TO EMPLOYEES WHO LIVE ON CAMPUS IS BASED ON LOCAL REAL ESTATE RENTAL RATES FOR SIMILAR SIZED HOUSING AND IS INCLUDED IN TOTAL COMPENSATION FOR FORM 990 PURPOSES. Schedule J, Part I, Line 1a Personal services THE COMPENSATION OF THE EMPLOYEES (OFFICERS) IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE SCHOOL PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION AGREEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The School maintains a non-qualified deferred compensation plan that complies with Section 457(b) of the Internal Revenue Code. It is an unfunded plan maintained primarily for the purpose of providing deferred compensation benefits for a select group of management or highly compensated employees. Participation in this plan is limited to the Head of School and Senior Administrative Team. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 546001266 000000000 2017-08-01 18603416 TO FULLY REDEEM SERIES 2010 BOND AND TO PAY OFF LINE CREDIT false false false A 19302670 329697 3592973 2017 true false true true A false true false false 0.0002 0.0002 false false false A false false false false true true MORGAN STANLEY 30.0 true false false false false A false X 11 162013 Market value X HORSE 1 5000 NONE X BOARD TRAVEL 1 1058 Market value 0 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THE SCHOOL USES A THIRD PARTY BROKERAGE FIRM TO SELL PUBLICLY TRADED STOCKS. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. Other - HORSE THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. Other - BOARD TRAVEL THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, AND THEN THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. Form 990, Part VI, Line 12c Conflict of interest policy AT THE FIRST BOARD MEETING EACH FISCAL YEAR, BOARD MEMBERS AND KEY EMPLOYEES ARE GIVEN A FORM TO FILL OUT AND SIGN. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE SCHOOL PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILIARLY SITUATED ORGANIZATIONS. Form 990, Part VI, Line 19 Required documents available to the public THE FORM 990 IS MADE AVAILABLE UPON REQUEST. OTHER ORGANIZATIONAL DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Gain on interest rate swap agreement - 1645484; Change in value of split interest agreements - -112808;