2023-05-12T14:00:57-05:00 2022-06-30 520959934 ELLIN & TUCKER CHARTERED 400 EAST PRATT ST SUITE 200 BALTIMORE MD 21202 990 2021-07-01 520591625 THE PARK SCHOOL OF BALTIMORE PARK 4103397070 2425 OLD COURT ROAD BALTIMORE MD 21208 DANIEL SCHOCHOR ASSOC HEAD FINANCE/OPS 4103397070 2023-05-12 1 DANIEL SCHOCHOR 999009999 SUSAN KELLER P00245169 4107275735 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DANIEL SCHOCHOR 2425 OLD COURT ROAD BALTIMORE MD 21208 46898482 0 X WWW.PARKSCHOOL.NET X 1940 MD TO PROVIDE EDUCATION TO STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 27 26 389 1000 37 0 18782029 6571726 26147584 29017405 3692068 3052583 227497 214937 48849178 38856651 8949560 9452203 0 0 16795957 17131632 0 0 1015369 4682631 6672364 30428148 33256199 18421030 5600452 104008804 101988211 14005653 13527018 90003151 88461193 X DEVOTED TO INTELLECTUAL INQUIRY, A COLLABORATIVE SPIRIT OF LEARNING, AND AN APPRECIATION FOR THE DIVERSITY OF HUMAN EXPERIENCE, THE PARK SCHOOL OF BALTIMORE IS A COMMUNITY FOUNDED ON POSITIVE EXPECTATIONS OF OUR STUDENTS AND RESPECT FOR INDIVIDUAL DIFFERENCES. WE CULTIVATE CHILDREN'S INNATE CURIOSITY BY NURTURING THEIR INTERESTS AND ENGAGING THEM AS ACTIVE PARTICIPANTS IN THEIR OWN EDUCATION. WE SUPPORT YOUNG PEOPLE IN BECOMING CONFIDENT QUESTIONERS AND RESPONSIBLE CITIZENS OF THE WORLD. 0 0 21999183 9452203 27769321 INSTRUCTION & OTHER ACADEMIC PROGRAM EXPENSES - GENERAL OPERATION OF THE SCHOOL; PROVIDING BASIC EDUCATION FOR GRADES KINDERGARTEN THROUGH TWELVE. 1403796 1343993 AUXILIARY PROGRAMS & SPECIAL ACTIVITIES - EXPENSES ASSOCIATED WITH PROVIDING SUMMER CAMP, EXTENDED DAY, AND SPECIAL PROGRAMS FOR THE BENEFIT OF THE STUDENTS. 23402979 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 1 37 0 1 389 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MD X X DANIEL SCHOCHOR 4103394161 2425 OLD COURT ROAD BALTIMORE MD 21208 AMY MILLIN PRESIDENT-BOARD OF TRUSTEE 1.00 X X 0 0 0 KEVIN PEARSON VICE PRESIDENT-BOARD OF TR 1.00 X X 0 0 0 LOWELL YURA TREASURER-BOARD OF TRUSTEES 1.00 X X 0 0 0 GEORGIA SMITH SECRETARY-BOARD OF TRUSTEES 1.00 X X 0 0 0 JANET COHEN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 LILA SHAPIRO-CYR MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 GREG WHITE MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 MICHAEL ALBO MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 SARAH BAIRD MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 DANESHA BALL MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 ANDREW CONNORS MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 SARAH DAVISON MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 KATELIN ETOH MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 MICA FIDLER MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 NICOLA HELLER MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 RAJ KRISHNAN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 LAURIE LEGUM MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 BRAD MENDELSON MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 TIM PICKERING MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 REBECCA RABIN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 JOSEPH SCHAPIRO MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 KAREN SIROTA MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 DARRYL TARVER MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 BRANDY WASHINGTON MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 KATRINA HOLMBERG MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 JOHN APOSTOLO MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 STACEY KUNAR MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 MOLLIE SELMANOFF MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 DANIEL PARADIS HEAD OF SCHOOL 40.00 X 351064 0 30861 DANIEL SCHOCHOR ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATION 40.00 X 97500 0 5550 JOAN WEBBER DIRECTOR OF FINANCE AND OP (RETIRED 7/21) 40.00 X 101317 0 8856 PRISCILLA MORALES ASSOCIATE HEAD OF SCHOOL 40.00 X 149702 0 77613 ROGER SEIDENMAN DIRECTOR OF DEVELOPMENT 40.00 X 176726 0 27584 JOSHUA WOLF MIDDLE SCHOOL PRINCIPAL 40.00 X 111670 0 97643 LORRAINE BREINING FACILITIES DIRECTOR 40.00 X 114265 0 14690 TRACI WRIGHT UPPER SCHOOL DEAN OF STUDE 40.00 X 123863 0 14459 PHILLIP PORTER DEVELOPMENT 40.00 X 113401 0 12915 1339508 0 290171 8 0 1 0 HORD COPLAN & MACHT INC 111 MARKET PLACE BALTIMORE MD 21202 ARCHITECTS 663308 BROCK & COMPANY 257 GREAT VALLEY PARKWAY MALVERN PA 193551308 FOOD SERVICE 526904 MULTICORP INC 9693 GERWIG LANE STE O COLUMBIA MD 210462839 CLEANING SERVICE 202661 PLANIT ADVERTISING INC 1414 KEY HIGHWAY STE 100 BALTIMORE MD 212305141 WEBSITE 167845 4 6571726 6571726 TUITION & FEES 611600 27769321 27769321 CAFETERIA 722514 432227 432227 EXTENDED STAY 561500 286401 286401 SUMMER CAMP 611600 271181 271181 OTHER PROGRAM SERVICES 611600 159682 159682 98593 98593 29017405 1786031 1786031 118212 2464 115748 115748 115748 9276637 8010085 1266552 1266552 1266552 32525 29282 3243 3243 MISCELLANEOUS 611600 95909 95909 OTHER INVESTMENT INCOME 525990 37 37 95946 38856651 29113314 37 3171574 9452203 9452203 555578 385694 137725 32159 13475628 9506991 3217372 751265 759458 533168 179382 46908 1332521 727159 555931 49431 1008447 723925 229365 55157 47630 47630 47749 47749 29800 29800 179565 179565 137896 333 137563 144090 23086 107661 13343 215856 1264 214592 347016 347016 5458 5458 284527 284527 1496528 1496528 180770 180770 EDUCATION/EXTENDED DAY 659536 659536 CAFETERIA & BUSINESS OP 622221 622221 REPAIRS & MAINTENANCE 594202 594202 EVENTS & ACTIVITIES 417172 350066 67106 1262348 417333 845015 33256199 23402979 8837851 1015369 73588 6863 13737618 17353464 10241658 7733362 324868 550066 100000 100000 41180 39462 13957 16396 519164 424349 43812580 21782656 21954164 22029924 45333864 39245276 11506025 14318167 162718 170882 104008804 101988211 1746440 1921403 3179103 3469358 8492543 7934641 587567 201616 14005653 13527018 X 36751415 37849707 53251736 50611486 90003151 88461193 104008804 101988211 X 5600452 -7456445 314035 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 10 30.00 0 1 0 0.00 0 1 56322713 1341376 -4660746 2081108 50922235 43163976 1667684 13485080 1994027 56322713 42479076 1193939 1318755 1827794 43163976 41869857 599322 1742418 1732521 42479076 37380512 3081083 3085485 1677223 41869857 0.23170 0.52180 0.24650 0 0 3678442 3678442 32665609 16676747 15988862 5917198 5105909 811289 1551331 1551331 22029924 PRIVATE INVESTMENT FUNDS 14318167 F 14318167 FUNDS HELD FOR STUDENT ORGANIZATIONS 30296 INTEREST RATE SWAP CONTRACT 171320 201616 X 20678677 -7456445 -10541964 -17998409 38677086 179565 179565 38856651 22220635 0 22220635 179565 10855999 11035564 33256199 PART II, LINE 9: THE EXPENSES ARE CATEGORIZED AS ENGINEERING, PERMITS AND OTHER ASSOCIATED FEES. THERE IS NOT A FOOTNOTE IN THE FINANCIAL STATEMENTS FOR THE CONSERVATION EASEMENTS. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO ALLOW THE SCHOOL TO CONTINUE TO CARRY OUT ITS MISSION OF PROVIDING EXTRAORDINARY EDUCATION FOR ITS STUDENTS. THE ENDOWMENT SUPPORTS CURRENT OPERATIONS AND HELPS SECURE FINANCIAL STABILITY AS THE SCHOOL ENTERS ITS SECOND CENTURY. PART X, LINE 2: THE SCHOOL FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE CODIFICATION. THE CODIFICATION REQUIRES THE SCHOOL'S EVALUATION OF TAX POSITIONS, WHICH INCLUDE MAINTAINING ITS TAX-EXEMPT STATUS AND THE TAXABILITY OF ANY UNRELATED BUSINESS INCOME, AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A MORE-LIKELY-THAN-NOT THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS TO STUDENTS -9,452,203. AUXILIARY EXPENSES NETTED WITH INCOME ON FINANCIAL STATEMENTS -1,403,796. UNREALIZED GAIN INTEREST RATE SWAP CONTRACT 314,035. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS TO STUDENTS 9,452,203. AUXILIARY EXPENSES NETTED WITH INCOME ON FINANCIAL STATEMENTS 1,403,796. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ORGANIZATION IS INCLUDED IN THE ANNUAL PUBLICATION OF THE NOTICE OF NONDISCRIMINATORY POLICY AS TO STUDENTS IN ADDITION TO BEING STATED IN ADVERTISEMENTS AND ADMISSION MATERIALS. SCHEDULE E, PART I, LINE 6 THE PARK SCHOOL RECEIVES FEDERAL FUNDS FROM THE E-RATE PROGRAM THAT SUBSIDIZES INTERNET SERVICES. THE AMOUNT OF FUNDING THAT WAS RECEIVED FOR FY 2022 WAS $8,658. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS ONLY 4883271 0 0 0 0 0 0 4883271 0 4883271 0 0 0 1 1 0 PART III ACCOUNTING METHOD: 1 TUITION ASSISTANCE 342 6933861 PART I, LINE 2: FAMILIES RECEIVING FINANCIAL ASSISTANCE MUST GO THROUGH AN EXTENSIVE APPLICATION PROCESS. THEIR FINANCIAL AID AWARD IS DETERMINED BASED ON MULTIPLE FACTORS INCLUDING AMOUNG OTHERS, INCOME, ASSETS, AND LIABILITIES. FAMILIES MUST RE-APPLY FOR EACH SCHOOL YEAR. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DANIEL PARADIS HEAD OF SCHOOL 303064 0 2500 0 45500 0 17400 0 13461 0 381925 0 0 0 JOSHUA WOLF MIDDLE SCHOOL PRINCIPAL 110670 0 1000 0 0 0 7721 0 89922 0 209313 0 0 0 ROGER SEIDENMAN DIRECTOR OF DEVELOPMENT 175726 0 1000 0 0 0 10544 0 17040 0 204310 0 0 0 PART I, LINE 1A DANIEL PARADIS, HEAD OF SCHOOL, IS THE ONLY EMPLOYEE RECEIVING ANY OF THESE BENEFITS. THESE BENEFITS ARE INCLUDED IN DANIEL PARADIS'S W-2 TAXABLE COMPENSATION AND ARE PART OF HIS COMPENSATION PACKAGE. PART I, LINE 4B NON-QUALIFIED 457(B) CONTRIBUTIONS, DANIEL PARADIS - $19,500 A MARYLAND HEALTH AND HIGHER EDUCATION FACILITY 520936091 2022-06-01 8095721 REFUNDING OF 2000 AND 2002 BONDS 0 0 0 A 46011 8095721 8095721 2011 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 TRUIST 14.000000000000 0 0 0 0 0 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MARYLAND HEALTH AND HIGHER EDUCATION FACILITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/28/2022 DANIEL PARADIS HEAD OF SCHOOL HOME RE-MODEL X 130000 100000 0 1 1 100000 CHILD OF TRUSTEE 40430 TUITION ASSISTANCE EDUCATION X 27 384366 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH INCLUDES THE OFFICERS OF THE CORPORATION, REVIEWS THE 990 WITH THE ADMINISTRATION, AND THEN THE 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING BY THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY READ AND SIGN THE CONFLICT OF INTEREST POLICY AND TO DISCLOSE, IF NECESSARY, ANY CONFLICTS THEY HAVE. AT THE BEGINNING OF EACH FISCAL YEAR, ALL SENIOR MANAGEMENT AND ALL COMMITTEE MEMBERS, BOARD OF TRUSTEES OR OTHERWISE, RECEIVE THE CONFLICT OF INTEREST POLICY. THEY ARE GATHERED BY THE HEAD OF SCHOOL'S ASSISTANT TO ASCERTAIN THAT ONE HAS BEEN RECEIVED BY EACH PERSON. THE POLICY PROVIDES A DEFINITION OF A CONFLICT OF INTEREST AND STATES THE INDIVIDUAL'S RESPONSIBILITY FOR DISCLOSING CONFLICTS. GENERALLY, MEMBERS SELF-IDENTIFY IF AND WHEN ONE SHOULD ARISE. IF THEY ARE UNCERTAIN AS TO WHETHER OR NOT A CONFLICT ACTUALLY EXISTS, THEY WILL CONSULT WITH THE COMMITTEE CHAIR OR STAFF MEMBER, OR THEY MAY ASK THE COMMITTEE. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL RECUSES THEMSELVES FROM THE CONVERSATION AS TO NOT INFLUENCE THE DECISIONS OR RECOMMENDATIONS MADE BY THE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 A REVIEW IS PERFORMED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND SCHOOL COUNSEL TO DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL. FOR OTHER KEY EMPLOYEES AND TOP MANAGEMENT, SALARIES ARE DETERMINED BY THE HEAD OF SCHOOL. WHEN DETERMINING SALARIES, THE HEAD OF SCHOOL AND CFO REVIEW AND CONSIDER PEER SCHOOL DATA MADE AVAILABLE BY NAIS AND AIMS. THEY ALSO REVIEW THE FORM 990S OF PEER SCHOOLS TO DETERMINE THAT KEY EMPLOYEES RECEIVE COMPARABLE PAY. THE EMPLOYEE SALARY PERCENTAGE INCREASE IS APPROVED BY THE BOARD OF TRUSTEES AND DOCUMENTED IN THE BOARD OF TRUSTEE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE PARK SCHOOL BALTIMORE'S FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.COM. THE PARK SCHOOL OF BALTIMORE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON FMV OF INTEREST RATE SWAP CONTRACT 314,035. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE PARK SCHOOL PARENTS ASSOCIATION INC 2425 OLD COURT ROAD BALTIMORE MD 21208 237280445 COMMUNICATIONS, PARENT EDUCATION, COMMUNITY SUPPORT, SPECIAL PROJECTS MD 501(C)(3) LINE 12D, III-O NONE 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0