2023-05-12T19:48:03-05:00 2022-06-30 205991824 SC&H GROUP INC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2021-07-01 521107876 ST ANDREW'S EPISCOPAL SCHOOL INC STAN 3019835200 8804 POSTOAK ROAD POTOMAC MD 20854 MARK J MCKNIGHT CHIEF FINANCIAL OFFICER 3019835200 2023-05-12 1 MARK MCKNIGHT 999009999 KIM MILLER P01522880 4104031500 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ROBERT F KOSASKY 8804 POSTOAK ROAD POTOMAC MD 20854 38048287 0 X WWW.SAES.ORG X 1977 MD OPERATION OF A SCHOOL FOR 700 STUDENTS IN GRADES RANGING FROM PRESCHOOL THROUGH 12. 21 21 251 150 0 0 2958969 5482061 28159589 31734369 -510901 256186 209797 380124 30817454 37852740 5140249 5331898 0 0 17340500 18869744 0 0 1390006 8043528 9096542 30524277 33298184 293177 4554556 83174031 82627318 42809031 41221313 40365000 41406005 OPERATION OF A SCHOOL FOR 700 STUDENTS IN GRADES RANGING FROM PRESCHOOL THROUGH 12. 0 0 26669329 5331898 31734369 OPERATION OF A SCHOOL FOR 700 STUDENTS IN GRADES RANGING FROM PRESCHOOL THROUGH 12. 26669329 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 136 0 251 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 MD X MARK MCKNIGHT 3019835200 8804 POSTOAK ROAD POTOMAC MD 20854 SHEILA MAITH CHAIR 2.00 0.00 X X 0 0 0 THOMAS TAYLOR VICE-CHAIR 2.00 0.00 X X 0 0 0 KELLIE BICKENBACH TREASURER 2.00 0.00 X X 0 0 0 SANDY HOROWITZ SECRETARY 2.00 0.00 X X 0 0 0 RANA ALARAPON TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM AMICK TRUSTEE 2.00 0.00 X 0 0 0 ALFREDO ANTEZANA TRUSTEE 2.00 0.00 X 0 0 0 GAIL ATWOOD TRUSTEE 2.00 0.00 X 0 0 0 RENE AUGUSTINE TRUSTEE 2.00 0.00 X 0 0 0 KEVIN BORGMANN TRUSTEE 2.00 0.00 X 0 0 0 LANE BRENNER TRUSTEE 2.00 0.00 X 0 0 0 REV JOHN HARMON TRUSTEE 2.00 0.00 X 0 0 0 EDITH DEMAS TRUSTEE 2.00 0.00 X 0 0 0 KELLY GREEN-KAHN TRUSTEE 2.00 0.00 X 0 0 0 BRIAN HARRIS TRUSTEE 2.00 0.00 X 0 0 0 DIANE HASTINGS TRUSTEE 2.00 0.00 X 0 0 0 ANTHONY J IZZO III TRUSTEE 2.00 0.00 X 0 0 0 PARISA KARAAHMET TRUSTEE 2.00 0.00 X 0 0 0 LARISSA LEVINE TRUSTEE 2.00 0.00 X 0 0 0 FREDERICK SCARBORO TRUSTEE 2.00 0.00 X 0 0 0 DEMAURICE SMITH TRUSTEE 2.00 0.00 X 0 0 0 ROBERT KOSASKY HEAD OF SCHOOL 40.00 0.00 X 542524 0 177622 MARK J MCKNIGHT CHIEF FINANCIAL OFFICER 40.00 0.00 X 222732 0 59230 BLAIR KAINE DIRECTOR OF ADVANCEMENT 40.00 0.00 X 196538 0 70208 DAVID P BROWN ASSISTANT HEAD OF SCHOOL 40.00 0.00 X 223568 0 44908 GLENN E WHITMAN DIRECTOR OF CTTL, DEAN OF STUDENTS 40.00 0.00 X 167985 0 43872 GINGER COBB HEAD OF UPPER SCHOOL 40.00 0.00 X 157435 0 16285 LISA SHAMBAUGH ADMISSION DIRECTOR 40.00 0.00 X 147199 0 43026 1657981 0 455151 32 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICES 767825 ERRANDS PLUS INC 12270 WILKINS AVE ROCKVILLE MD 20852 TRANSPORTATION SERVICES 494949 PIONEER LLC 12435 PARK POTOMAC SUITE 200 POTOMAC MD 20854 CLEANING SERVICES 289125 DAEDALUS ADVISORY LLC 2600 N ROOSEVELT ST ARLINGTON VA 22207 ADVISORY SERVICES 141000 4 212985 2787318 2481758 5482061 TUITION & RELATED FEES 611710 31071820 31071820 0 0 SHUTTLE BUS FEES 611710 485335 485335 0 0 SUMMER PROGRAMS 611710 116265 116265 0 0 EXTENDED DAY FEES 611710 60949 60949 0 0 31734369 256186 256186 176211 0 176211 176211 176211 298247 212985 121632 176615 176615 71344 73915 -2571 -2571 OTHER INCOME 611600 29869 29869 29869 37852740 31734369 0 636310 5331898 5331898 1002109 711497 220464 70148 13777168 10025438 3076419 675311 1014562 720339 223204 71019 2033187 1724837 233921 74429 1042718 740330 229398 72990 60832 60832 39208 39208 54464 54464 51371 36473 11302 3596 257413 123505 38269 95639 328295 233089 72225 22981 209137 148487 46010 14640 662960 470702 145851 46407 18509 13141 4072 1296 21265 21265 706665 501732 155466 49467 2141756 1520647 471186 149923 141828 100698 31202 9928 AUXILIARY SERVICES 1520472 1520472 DEPARTMENT PROGRAMS 976629 976629 STUDENT ACTIVITIES 483504 483504 TRANSFORMATIVE TEACHING 416980 416980 1005254 868931 104091 32232 33298184 26669329 5238849 1390006 3597593 7373856 14978940 10228857 507554 198340 143779 119809 53362 37725 205996 168315 67771325 19788930 44763079 47982395 8741270 7468915 9761662 8873278 293436 0 127360 175828 83174031 82627318 1786629 3281293 9333478 8853187 31622149 7738474 20987553 66775 360806 42809031 41221313 X 28866052 31538203 11498948 9867802 40365000 41406005 83174031 82627318 X 4554556 -2368902 -1144649 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13380770 48143 -2181700 0 505000 0 10742213 9070572 1923062 2843636 0 456500 0 13380770 8738313 0 442259 0 110000 0 9070572 8796297 0 382016 0 440000 0 8738313 8740930 0 460367 0 405000 0 8796297 0.19010 0.76600 0.04390 0 0 3325261 3325261 31994250 12252084 19742166 7595841 6418418 1177423 24855973 1118428 23737545 47982395 OTHER INVESTMENTS 8873278 F 8873278 STUDENT DEPOSITS 62114 AGENCY ACCOUNTS 116970 DEFERRED COMPENSATION 483509 BOND ISSUANCE COSTS -301787 360806 X 29055372 -2368902 -6447917 -8816819 37872191 54464 -73915 -19451 37852740 28014367 73915 73915 27940452 54464 5303268 5357732 33298184 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF THE FOLLOWING: DESIGNATED FOR FUTURE PROGRAMS REPRESENT ASSETS THAT HAVE BEEN INTERNALLY DESIGNATED BY THE BOARD OF TRUSTEES FOR SPECIAL PURPOSES OUTSIDE OF NORMAL OPERATIONS. QUASI ENDOWMENT REPRESENTS TRANSFERS OF UNRESTRICTED NET ASSETS INVESTED FOR THE LONG TERM, THE INCOME FROM WHICH IS TO BE USED TO SUPPORT FACULTY SALARIES, SCHOLARSHIPS, AND OTHER SPECIFIC PURPOSES. PERMANENTLY RESTRICTED NET ASSETS - INCOME AND GAINS EARNED ON THESE ASSETS ARE FOR GENERAL OR SPECIFIC PURPOSES AS STIPULATED BY THE DONORS. PART X, LINE 2: ASC 740, INCOME TAXES, PRESCRIBES THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AS WELL AS GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, AND FINANCIAL STATEMENT REPORTING DISCLOSURES. FOR THESE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE SCHOOL HAS CONSIDERED ITS INCOME TAX POSITIONS, INCLUDING ANY POSITIONS THAT MAY BE CONSIDERED UNCERTAIN BY THE RELEVANT TAX AUTHORITIES IN THE JURISDICTIONS IN WHICH THE SCHOOL OPERATES. AS OF JUNE 30, 2022 AND 2021, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURES AS A COMPONENT OF INCOME TAX EXPENSE. THE SCHOOL DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 30, 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND OTHER GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -5,331,898. LOSS ON EXTINGUISMENT OF DEBT -822,583. LOSS ON IMPAIRMENT OF GOODWILL -293,436. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 -73,915. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 73,915. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND OTHER GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 5,331,898. CHANGE IN UNCOLLECTIBLE UNCONDITIONAL PROMISES TO GIVE -20,053. CHANGE IN DISCOUNT ON UNCONDITIONAL PROMISES TO GIVE -8,577. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENTS THROUGH THE ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS (AIMS). SCHEDULE E, PART I, LINE 6 ST. ANDREW'S EPISCOPAL SCHOOL, INC. RECEIVED FUNDS THROUGH THE PAYCHECK PROTECTION PROGRAM UNDER THE SMALL BUSINESS ADMINISTRATION. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 GRANTMAKING 53100 0 0 0 0 0 0 53100 0 53100 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, TO SUPPORT OPERATING EXPENSES AND PROJECTS FOR SUPPORTED SCHOOL IN HAITI 53100 WIRE TRANSFERS 0 1 0 0 0 0 0 0 PART I, LINE 3: IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED IN PART I OF SCHEDULE F ARE REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING WHICH IS THE SAME METHOD OF ACCOUNTING USED IN THE FINANCIAL STATEMENTS. PART III ACCOUNTING METHOD: GALA & AUCTION 511232 212985 298247 0 0 0 67306 33660 20666 511232 212985 298247 67306 33660 20666 121632 176615 1 NEED-BASED FINANCIAL AID 153 4305954 664444 FAIR MARKET VALUE BOOKS, SUPPLIES AND SUBSIDIZED TRANSPORTATION MERIT-BASED AWARDS/OTHER GRANTS 42 361500 0 PART I, LINE 2: NEED-BASED FINANCIAL AID IS BASED SOLELY UPON DEMONSTRATED NEED. FAMILIES APPLY FOR FINANCIAL AID BY COMPLETING THE TADS FINANCIAL AID APPLICATION (ANNUALLY) AND SUBMITTING IT TO TADS, ALONG WITH REQUIRED DOCUMENTS SUCH AS TAX RETURNS, W-2'S AND PAYSTUBS. TADS PROVIDES THE COMPLETED APPLICATION INCLUDING SUGGESTED AWARD TO THE SCHOOL FOR FURTHER REVIEW, ADJUSTMENT, IF ANY, AND AWARDING. FOR THE YEAR ENDED JUNE 30, 2022, THE COLUMN D FIGURE ALSO INCLUDES $359,090 IN COVID-19 RELATED SPECIAL FUNDING TO ASSIST FAMILIES DURING THE PANDEMIC. THE SCHOOL PROVIDES A SMALL NUMBER OF MERIT AWARDS, OR OTHER FUNDING, TO STUDENTS WHO DO NOT QUALIFY FOR FINANCIAL AID. PART I, LINE 2 ALL PAYMENTS FOR GRANTS AND OTHER ACTIVITIES OUTSIDE OF THE UNITED STATES OF AMERICA REQUIRE APPROVAL FROM THE HEAD OF SCHOOL BEFORE BEING MADE. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 ROBERT KOSASKY HEAD OF SCHOOL 535434 0 0 0 7090 0 81068 0 96554 0 720146 0 0 0 MARK J MCKNIGHT CHIEF FINANCIAL OFFICER 221442 0 0 0 1290 0 18997 0 40233 0 281962 0 0 0 DAVID P BROWN ASSISTANT HEAD OF SCHOOL 222878 0 0 0 690 0 19415 0 25493 0 268476 0 0 0 BLAIR KAINE DIRECTOR OF ADVANCEMENT 195848 0 0 0 690 0 16448 0 53760 0 266746 0 0 0 GLENN E WHITMAN DIRECTOR OF CTTL, DEAN OF STUDENTS 167295 0 0 0 690 0 13742 0 30130 0 211857 0 0 0 LISA SHAMBAUGH ADMISSION DIRECTOR 146509 0 0 0 690 0 13443 0 29583 0 190225 0 0 0 GINGER COBB HEAD OF UPPER SCHOOL 156145 0 0 0 1290 0 13535 0 2750 0 173720 0 0 0 PART I, LINE 1A ROBERT KOSASKY, HEAD OF SCHOOL, IS REQUIRED TO LIVE IN A HOUSE LOCATED ON THE SCHOOL'S PREMISES FOR THE SCHOOL'S CONVENIENCE AND AS A CONDITION OF EMPLOYMENT. THIS BENEFIT WAS VALUED TO BE $64,000 AND IS INCLUDED AS A NON-TAXABLE BENEFIT. IN ADDITION, THE SCHOOL PROVIDED A DISCRETIONARY SPENDING ALLOWANCE, FOR ORGANIZATIONAL RELATED EXPENSES AND OTHER EXPENSES TO SUPPORT BUSINESS EVENTS AT THE HEAD OF SCHOOL'S RESIDENCE. THESE EXPENSES ARE NOT CONSIDERED TAXABLE. PART I, LINE 4B: IN LIEU OF ESTABLISHING A NON-QUALIFIED DEFERRED COMPENSATION PLAN IN ACCORDANCE WITH SECTION 457(F) OF THE INTERNAL REVENUE CODE, THE PARTIES HAVE AGREED TO ESTABLISH A SEPARATE ACCOUNT AT COMMONFUND, WHERE THE SCHOOL WILL INVEST CONTRIBUTION PAYMENTS (AS DEFINED BELOW) IN COMMONFUND'S MULTI-STRATEGY EQUITIES FUND, IN A SEPARATE ACCOUNT DESIGNATED AS "SCHOOL FUND-HOS" (THE "ACCOUNT"). AT ALL TIMES, THE ACCOUNT WILL BE OWNED BY, AND SUBJECT TO CLAIMS OF CREDITORS OF, THE SCHOOL. ACCORDINGLY, MR. KOSASKY SHALL NOT BE CONSIDERED FOR INCOME TAX PURPOSES TO BE IN RECEIPT OF AMOUNTS IN THE ACCOUNT UNTIL THEY ARE ACTUALLY PAID TO HIM. THE CONTRIBUTION PAYMENTS ("CONTRIBUTION PAYMENTS"), CONTINGENT UPON MR. KOSASKY'S CONTINUED EMPLOYMENT BY THE SCHOOL, WILL BE FUNDED BY THE SCHOOL AS FOLLOWS: $100,000 WILL BE MADE ON JUNE 30 OF EACH YEAR. THE PARTIES ACKNOWLEDGE THAT THE ACCOUNT TOTAL AT ANY GIVEN TIME IS SUBJECT TO MARKET FLUCTUATION. IF ON JUNE 30, 2022, BUT PRIOR TO JUNE 30, 2028, MR. KOSASKY TERMINATES HIS EMPLOYMENT OR IS TERMINATED BY THE SCHOOL FOR CAUSE PURSUANT TO THE TERMS OF THIS AGREEMENT, MR. KOSASKY SHALL FORFEIT ANY AND ALL CONTRIBUTION PAYMENTS MADE TO THE ACCOUNT. IF PRIOR TO JUNE 30, 2028, MR. KOSASKY IS TERMINATED BY THE SCHOOL WITHOUT CAUSE OR IF THE AGREEMENT SHOULD NATURALLY TERMINATE PURSUANT TO THE TERMS OF THE AGREEMENT, THE SCHOOL SHALL PAY MR. KOSASKY THE EXISTING ACCOUNT BALANCE AS OF THE DATE OF THE TERMINATION, WITH PAYMENT THEREOF TO BE MADE NO LATER THAN THIRTY (30) DAYS AFTER THE DATE OF TERMINATION. IF ON JUNE 30, 2028, MR. KOSASKY IS EMPLOYED BY THE SCHOOL, THE SCHOOL WILL DISTRIBUTE TO MR. KOSASKY AN AMOUNT EQUAL TO 40% OF THE TOTAL BALANCE IN THE ACCOUNT AS OF JUNE 30, 2028, WITH PAYMENT THEREOF TO BE MADE NO LATER THAN JULY 31, 2028. THIS ARRANGEMENT IS CONSIDERED A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER IRS SECTION 409A. AS SUCH, MR. KOSASKY WILL BE TAXED ON THE FULL AMOUNT OF ANY DISTRIBUTION. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2021-08-31 7903176 REFUND PRIOR BONDS 0 0 0 A 164702 7903176 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 CFO 22794 TUITION ASSISTANCE X 13 314417 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE TOTAL IN COLUMN (B) REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CONTROLLER, THE CHIEF FINANCIAL OFFICER, AND THE HEAD OF THE SCHOOL BEFORE FILING. IN ADDITION, PRIOR TO FILING THE FORM 990, A LINK TO A PASSWORD-PROTECTED WEBSITE WAS E-MAILED TO EACH MEMBER OF THE BOARD SO MEMBERS COULD REVIEW THE FORM 990 ONLINE. ALTHOUGH THE REVIEW COPY OF THE FORM 990 PROVIDED TO THE BOARD VIA THE WEBSITE EXCLUDES SCHEDULE B FOR PRIVACY REASONS, THE COMPLETE SCHEDULE B IS AVAILABLE TO THE BOARD MEMBERS UPON REQUEST IN THE OFFICE OF THE ORGANIZATION'S CHIEF FINANCIAL OFFICER. SCHEDULE B IS ALSO INCLUDED IN THE COPY OF THE FORM 990 REVIEWED BY THE CONTROLLER, THE CHIEF FINANCIAL OFFICER, THE HEAD OF SCHOOL, AND THE BOARD'S AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR ACKNOWLEDGING THAT THEY HAVE READ AND WILL ABIDE BY THE POLICY. THE POLICY REQUIRES EACH TO DISCLOSE THE EXISTENCE OF ANY CONFLICT AND RECUSE THEMSELVES FROM REVIEW AND DISCUSSION AND ANY VOTE ON ANY MATTER DIRECTLY AFFECTED BY THE CONFLICT. THE EXECUTIVE COMMITTEE OF THE BOARD, IN CONJUNCTION WITH THE HEAD OF SCHOOL MONITORS SITUATIONS WHERE A POTENTIAL CONFLICT COULD EXIST AND WOULD BE CHARGED WITH ENFORCING (ADDRESSING THE CONFLICT WITH THE INDIVIDUAL AND ASKING THEMSELVES TO RECUSE). THE BOARD MEMBERS THEMSELVES HAVE THE FIDUCIARY RESPONSIBILITY OF ALERTING THE BOARD WHEN AN INSTANCE ARISES AS WELL. THE POLICY/STATEMENT IS ALSO INCLUDED IN THE HARDCOPY BOARD OF TRUSTEES BINDERS THAT ARE PROVIDED TO THE TRUSTEES EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15A A SUBCOMMITTEE OF BOARD MEMBERS DETERMINES THE HEAD OF SCHOOL'S COMPENSATION, USING COMPARABLE MARKET DATA IN CONSULTATION WITH OUTSIDE COUNSEL, WHICH IS THEN REVIEWED AND APPROVED BY THE ENTIRE BOARD. THE HEAD OF SCHOOL DOES NOT PARTICIPATE IN THIS PROCESS. 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 REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN UNCOLLECTIBLE UNCONDITIONAL PROMISES TO GIVE -20,053. CHANGE IN DISCOUNT ON UNCONDITIONAL PROMISES TO GIVE -8,577. LOSS ON IMPAIRMENT OF GOODWILL -293,436. LOSS ON EXTINGUISHMENT OF DEBT -822,583. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.