2023-03-28T10:52:17-05:00 2022-06-30 521197902 MULLEN SONDBERG WIMBISH & STONE PA 888 BESTGATE ROAD SUITE 310 ANNAPOLIS MD 21401 990 2021-07-01 520591466 SEVERN SCHOOL INC SEVE 4106477701 201 WATER STREET SEVERNA PARK MD 21146 DOUGLAS LAGARDE HEAD OF SCHOOL 4106477700 2023-03-28 1 DOUGLAS LAGARDE 999009999 PHILIP J WIMBISH JR CPA P01285171 4102244920 2023-03-28 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DOUGLAS LAGARDE 201 WATER STREET SEVERNA PARK MD 21146 29503997 0 X WWW.SEVERNSCHOOL.COM X 1938 MD TO PROVIDE EDUCATION TO STUDENTS YEARS PRE-K THROUGH TWELVE. 28 28 284 400 0 0 934832 3497876 22816216 24379172 859376 495534 269179 316651 24879603 28689233 3172965 3080698 0 0 15330656 15996024 0 0 1054196 6139396 6603607 24643017 25680329 236586 3008904 73013409 70000569 16857643 13681936 56155766 56318633 AN INDEPENDENT, CO-ED SCHOOL PROVIDING EDUCATION TO STUDENTS IN YEARS PRE-K THROUGH TWELVE. 0 0 21487298 3080698 24379172 EDUCATIONAL - PROVIDE EDUCATION FOR STUDENTS YEARS PRE-K THROUGH TWELVE. 21487298 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 29 0 1 284 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 MR JAMES M MURPHY CHAIR 3.00 X X 0 0 0 MR JAMES P O'HARE VICE CHAIR 3.00 X X 0 0 0 MS JENNIFER L MANN SECRETARY 3.00 X X 0 0 0 MR JON M MAHAN TREASURER 3.00 X X 0 0 0 MR SCOTT T BASS TRUSTEE 3.00 X 0 0 0 MR ANDREW BAUER TRUSTEE 3.00 X 0 0 0 MR DAVID CAHOUET TRUSTEE 3.00 X 0 0 0 HON BETH P GESNER TRUSTEE 3.00 X 0 0 0 MRS LYNNE M HARDING TRUSTEE 3.00 X 0 0 0 MR KENT L HOLTGREWE TRUSTEE 3.00 X 0 0 0 MS GINA DESTEFANO TRUSTEE 3.00 X 0 0 0 MR JONATHAN P KAGAN TRUSTEE 3.00 X 0 0 0 DR KATHERINE GRAW LAMOND TRUSTEE 3.00 X 0 0 0 MR VISHVA GHEEWALA TRUSTEE 3.00 X 0 0 0 MR EDWARD HILLER TRUSTEE 3.00 X 0 0 0 MR SHAUN R MATHIS TRUSTEE 3.00 X 0 0 0 MR SHERWOOD E PAGE TRUSTEE 3.00 X 0 0 0 MR ERIC V PIKUS TRUSTEE 3.00 X 0 0 0 MR JOHN C STAMATO TRUSTEE 3.00 X 0 0 0 DR DIANE C SWEENEY TRUSTEE 3.00 X 0 0 0 MR ERIC VEIEL TRUSTEE 3.00 X 0 0 0 MR JONATHAN JAY TRUSTEE 3.00 X 0 0 0 MS STEPHANIE JACOBS TRUSTEE 3.00 X 0 0 0 MS KATIE LEAVY TRUSTEE 3.00 X 0 0 0 MS ELSA MASKELL TRUSTEE 3.00 X 0 0 0 MRS CATHERINE HERRICK TRUSTEE 3.00 X 0 0 0 MRS WENDY JONES TRUSTEE 3.00 X 0 0 0 MR JOHN LEWIS TRUSTEE 3.00 X 0 0 0 MR DOUGLAS LAGARDE HEAD OF SCHOOL 40.00 X 444255 0 54723 MR TERRY DEL PRETE DIR. OF BUSINESS & FINANCE 40.00 X 214623 0 34659 MR CHRISTOPHER SAPIENZA DIR. OF BUSINESS & FINANCE 40.00 X 0 0 0 MR SHANNON HOWELL DIRECTOR OF DEVELOPMENT 40.00 X 154711 0 64989 MS CATHY NORTH HEAD, LOWER SCHOOL 40.00 X 124240 0 54026 MR STEPHEN SODEN HEAD, UPPER SCHOOL 40.00 X 126012 0 65746 MR JULIAN DOMENECH ATHLETIC DIRECTOR 40.00 X 118360 0 38403 MR DANIEL KELLER HEAD, MIDDLE SCHOOL 40.00 X 111761 0 50842 1293962 0 363388 7 0 1 0 BROCK AND COMPANY INC 257 GREAT VALLEY PARKWAY MALVERN PA 19355 DINING SERVICES 311616 CP CLEANING SERVICE INC 806 BALTIMORE ANNAPOLIS BLVD SEVERNA PARK MD 21146 CLEANING SERVICES 246228 MISSION MINDED INC 145 MAYWOOD WAY SAN RAFAEL CA 94901 NONPROFIT BRANDING CONSULTANTS 189937 BALTIMORE SUN PO BOX 8020 WILLOUGHBY OH 44096 ADVERTISING 154936 AMP SYSTEMS LLC PO BOX 4593 CROFTON MD 21114 IT MAINTENANCE 126560 5 2668625 829251 3497876 TUITION/FEES 900099 24379172 24379172 24379172 504159 504159 146960 0 146960 146960 146960 710683 719308 -8625 -8625 -8625 254018 95456 158562 158562 MISCELLANEOUS REVENUE 900099 11129 11129 11129 28689233 24379172 0 812185 3080698 3080698 748260 748260 11691863 9779364 1317491 595008 873828 734486 94654 44688 1819768 1537645 166068 116055 862305 681667 136692 43946 38088 38088 61695 61695 226495 162704 63791 305211 305211 1388736 1278068 88943 21725 126561 118098 7683 780 812173 691316 113260 7597 158283 139929 12794 5560 574788 352700 37020 185068 256398 233322 20512 2564 1748954 1591548 139916 17490 109629 101224 7471 934 REPAIRS, MAINTENANCE, A 613733 572693 37259 3781 MISCELLANEOUS 182863 126625 47238 9000 25680329 21487298 3138835 1054196 2367677 2593747 7147275 6811414 395617 246875 93381 161718 6803 6803 344786 325059 64109880 22707848 41439798 41402032 20560660 17637234 642497 800289 14915 15398 73013409 70000569 1415091 1401094 2839293 2891684 9894064 9351543 2709195 37615 16857643 13681936 X 40224077 42758655 15931689 13559978 56155766 56318633 73013409 70000569 3008904 -2846037 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19155890 50981 -2305931 620665 16280275 14643257 117639 4995238 600244 19155890 14499998 319071 381395 557207 14643257 13806211 230333 958914 495460 14499998 12897557 269806 1133697 494849 13806211 0.20521 0.46188 0.33291 0 0 3718542 3718542 54791917 20213511 34578406 3918942 2494337 1424605 1680479 1680479 41402032 DEFERRED COMPENSATION 37615 37615 X 22762498 -2846037 -3080698 -5926735 28689233 0 28689233 22599631 0 22599631 3080698 3080698 25680329 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 -3,080,698. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,080,698. 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, 2020, SEVERN SCHOOL, INC. RECEIVED $2,634,913 FROM THE UNITED STATES SMALL BUSINESS ADMINISTRATION'S (SBA) PAYCHECK PROTECTION PROGRAM (PPP). THE PPP FUNDING IS STRUCTURED AS A FORGIVABLE LOAN BY THE SBA. SEVERN SCHOOL, INC. WAS NOTIFIED TO PAY THE SCHOOL'S PPP LOAN IN FULL INCLUDING ACCRUED INTEREST OF $33,712. SEVERN SCHOOL, INC. HAS RECORDED A GAIN ON EXTINGUISHMENT OF DEBT, INCLUDING ACCRUED INTEREST, TOTALING $2,668,625 IN ITS AUDITED FINANCIAL STATEMENTS AND FORM 990 (PART VIII, LINE 1E) AS OF JUNE 30, 2022. AUCTION 194000 194000 77000 GOLF 59000 59000 18000 253000 253000 95000 95000 158000 1 FINANCIAL AID FOR STUDENTS 206 3080698 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 MR DOUGLAS LAGARDE HEAD OF SCHOOL 444255 0 0 0 0 0 32189 0 22534 0 498978 0 0 0 MR TERRY DEL PRETE DIR. OF BUSINESS & FINANCE 214623 0 0 0 0 0 21594 0 13065 0 249282 0 0 0 MR SHANNON HOWELL DIRECTOR OF DEVELOPMENT 154711 0 0 0 0 0 13718 0 51271 0 219700 0 0 0 MR STEPHEN SODEN HEAD, UPPER SCHOOL 126012 0 0 0 0 0 10960 0 54786 0 191758 0 0 0 MS CATHY NORTH HEAD, LOWER SCHOOL 124240 0 0 0 0 0 10908 0 43118 0 178266 0 0 0 MR DANIEL KELLER HEAD, MIDDLE SCHOOL 111761 0 0 0 0 0 9720 0 41122 0 162603 0 0 0 MR JULIAN DOMENECH ATHLETIC DIRECTOR 118360 0 0 0 0 0 10380 0 28023 0 156763 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 4300000 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. 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.