2025-05-06T11:00:53-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2023-07-01 530196507 THE HOLTON ARMS SCHOOL HOLT 3013655300 7303 RIVER ROAD BETHESDA MD 20817 TRACEY FUDGE CFO & COO 3013655300 2025-04-23 1 0 JOHN TOSCANO P00358542 8605614000 2025-04-07 2023 2025-03-06 01:10:19Z TRACEY FUDGE 7303 RIVER ROAD BETHESDA MD 20817 80544424 0 X WWW.HOLTON-ARMS.EDU X 1964 MD THE HOLTON ARMS SCHOOL IS AN EDUCATIONAL INSTITUTION FOR GIRLS IN GRADES THREE THROUGH TWELVE. 19 19 531 190 0 0 6019841 3428889 37149442 39307824 2416679 2749620 547146 385455 46133108 45871788 5390930 4966109 0 0 24032740 27158706 0 0 2122172 12399750 12623164 41823420 44747979 4309688 1123809 137236028 147765104 54464300 59156433 82771728 88608671 THE MISSION OF THE HOLTON-ARMS SCHOOL IS TO CULTIVATE THE UNIQUE POTENTIAL OF YOUNG WOMEN THROUGH THE "EDUCATION NOT ONLY OF THE MIND, BUT OF THE SOUL AND SPIRIT". 0 0 35047506 4966109 39421328 FOUNDED IN 1901, HOLTON-ARMS IS A COLLEGE-PREPARATORY SCHOOL FOR GIRLS GRADES 3-12. THE SCHOOL PROVIDES RIGOROUS AND DYNAMIC PROGRAMS IN THE TRADITIONAL ACADEMIC AREAS, THE FINE AND PERFORMING ARTS, AND ATHLETICS. THE SCHOOL IS ACCREDITED BY: MIDDLE STATES ASSOCIATION OF COLLEGES & SCHOOLS; ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS; AND LICENSED IN THE STATE OF MARYLAND. 35047506 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 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 43 0 1 531 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X TRACEY FUDGE CFO & COO 3013656034 7303 RIVER ROAD BETHESDA MD 20817 CATHERINE BUTZ CHAIR 10.00 X X 0 0 0 CLARK ERVIN SECRETARY 10.00 X X 0 0 0 JAMES DARCEY TREASURER 10.00 X X 0 0 0 HELEN CLARK ATKESON TRUSTEE 3.00 X 0 0 0 ROBYN BASH OUTGOING TRUSTEE (EFF. 03/23) 3.00 X 0 0 0 MARCIA BATESON TRUSTEE 3.00 X 0 0 0 GREGORY BERNSTEIN TRUSTEE 3.00 X 0 0 0 CAL DAGGITT TRUSTEE 3.00 X 0 0 0 PULLEN DANIEL TRUSTEE 3.00 X 0 0 0 JIM DARCEY TRUSTEE 3.00 X 0 0 0 MIRIAM HERMAN TRUSTEE 3.00 X 0 0 0 ANNE KEISER TRUSTEE 3.00 X 0 0 0 SHABA HOLLEY KEYS TRUSTEE 3.00 X 0 0 0 ROBERT NICHOLS TRUSTEE 3.00 X 0 0 0 MARK ORDAN TRUSTEE 3.00 X 0 0 0 JENNIFER CORNFELD SCHENKER TRUSTEE 3.00 X 0 0 0 JEREMY SCHWER TRUSTEE 3.00 X 0 0 0 JESSICAL HOLLADAY STERCHI TRUSTEE 3.00 X 0 0 0 MOLLIE WILLIAMS TRUSTEE 3.00 X 0 0 0 BETHANY YOUNG TRUSTEE 3.00 X 0 0 0 SUSANNA JONES HEAD OF SCHOOL (UNTIL 06/2023) 40.00 X 591517 0 80443 PENNY EVINS HEAD OF SCHOOL (AS OF 07/2023) 40.00 X 390016 0 57149 TRACEY L FUDGE CFO & COO 40.00 X 346524 0 36996 ANN KANGAS DIRECTOR OF ADVANCEMENT 40.00 X 239391 0 27132 MELISSA BROWN DIRECTOR OF DEI 40.00 X 181744 0 26351 CHRISTOPHER LYNCH DIRECTOR OF UPPER SCHOOL 40.00 X 200060 0 84721 CHRISTY DIEFENDERFER DIRECTOR OF LOWER SCHOOL 40.00 X 183333 0 17412 MICHAEL ROBERTSON DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 183649 0 25439 2316234 0 355643 86 0 1 0 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION 7161725 MERIWETHER GODSEY 4944 OLD BOONSBORO RD LYNCHBURG VA 24503 FOOD SERVICES 1370976 PALM FACILITY SERVICES LLC 10401 CONNECTICUT AVE SUITE 100 KENSINGTON MD 20895 CLEANING SERVICES 528096 MIDDLEDORF BUS COMPANY INC 7801 ANNBAR LANE CLINTON MD 20735 BUS TRANSPORTATION 294691 ARENTFOX SCHIFF LLP 1717 K STREET NW WASHINGTON DC 20006 LEGAL SERVICES 289485 17 120405 3308484 182931 3428889 EDUCATIONAL PROGRAM 611110 35367743 35367743 STUDENT SUPPORT SERVIC 611110 3940081 3940081 39307824 2452584 2452584 273634 0 273634 273634 273634 34916939 4113 34624016 0 292923 4113 297036 297036 0 120405 1683 -1683 -1683 68950 46937 22013 22013 OTHER INCOME 900099 91491 91491 91491 45871788 39421328 0 3021571 4966109 4966109 2134658 567042 1328225 239391 19698955 16354008 2339822 1005125 1491297 1155755 250538 85004 2249199 1851043 297290 100866 1584597 1228063 266212 90322 364259 364259 88808 88808 199974 199974 2648385 2403625 67977 176783 32246 32246 289002 223977 48552 16473 281571 281571 1945363 1507656 326821 110886 253335 196335 42560 14440 749628 749628 2177589 1687631 365835 124123 368920 368920 STUDENT TRANSPORTATION 497379 497379 TRAINING 242052 187590 40665 13797 PRINTING & PUBLICATION 179332 138982 30128 10222 2305321 1768494 402087 134740 44747979 35047506 7578301 2122172 34746 36294 22328570 5228483 1611023 1211691 23486556 25816240 65385 88662 764496 954859 100382714 54151181 36005770 46231533 39385551 62042494 13297455 6065007 256476 89841 137236028 147765104 3083544 5531639 32458776 35294754 18307039 17824480 614941 505560 54464300 59156433 X 60480184 63497593 22291544 25111078 82771728 88608671 137236028 147765104 1123809 4713134 0 X 0 1 X 1 0 X 2438755 2638228 4640788 6019841 3428889 19166501 2438755 2638228 4640788 6019841 3428889 19166501 1623250 17543251 1819748 2158885 2500289 2899804 2726218 12104944 143114 124996 157650 127325 553085 31824530 176679088 0.55120 0.55990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49728074 980595 6284019 123697 3891053 52977938 46683595 1464193 3548635 110032 1858317 49728074 53171590 967451 -4507361 135894 2812191 46683595 42975685 1082632 11109922 116087 1880562 53171590 43225760 1509901 273569 95566 1937979 42975685 0.62060 0.37940 0.00000 0 0 5695312 5695312 75132731 46413659 28719072 4261248 3716942 544306 15293423 4020580 11272843 46231533 FUNDS HELD FOR OTHERS 505560 505560 X 44987845 4713134 -5445723 -732589 45720434 199974 -48620 151354 45871788 39150902 48620 48620 39102282 199974 5445723 5645697 44747979 PART V, LINE 4: THE BOARD OF TRUSTEES SETS THE ANNUAL SPENDING POLICY FOR THE ENDOWMENT AND RESERVES TO BALANCE THE GOALS OF PROVIDING SUPPORT FOR CURRENT OPERATIONS AND MAINTAINING LONG-TERM ASSETS FOR THE FUTURE NEEDS OF THE SCHOOL. PART X, LINE 2: THE SCHOOL IS A NONPROFIT ORGANIZATION GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. HOWEVER, THE SCHOOL IS SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME AS DEFINED BY THE INTERNAL REVENUE SERVICE. THE SCHOOL MAY RECOGNIZE A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND REMISSION NETTED AGAINST TUITION REVENUE -5,445,723. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -46,937. FUNDRAISING EXPENSES -1,683. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 46,937. FUNDRAISING EXPENSES 1,683. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND REMISSION NETTED AGAINST TUITION REVENUE 5,445,723. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE RACIAL NONDISCRIMINATION POLICY IS PUBLICIZED THROUGH PRINTED MATERIALS, PERIODIC ADVERTISEMENTS AND THROUGH THE ORGANIZATION'S WEBSITE HOMEPAGE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 6065008 0 0 0 0 0 0 6065008 0 6065008 1 0 0 0 1 0 AUCTION 120405 120405 1683 120405 120405 1683 1683 -1683 1 FINANCIAL AID 135 4966109 FAIR VALUE FINANCIAL ASSISTANCE PART I, LINE 2: THE SCHOOL AWARDS FINANCIAL AID BASED ON THE DECISIONS OF THE SCHOOL'S FINANCIAL AID COMMITTEE WHICH USES AN INDEPENDENT THIRD PARTY TO ESTABLISH THE NEED OF THE RECIPIENTS. GRANT SUPPORT: THE ALUMNAE SCHOLARSHIP IS AWARDED TO AN 11TH GRADE STUDENT BASED ON AN APPLICATION PROCESS. THE ACWORTH SCHOLARSHIPS SUPPORT STUDENTS WITH ANNUAL AWARDS EACH BASED ON FINANCIAL NEED AND OTHER CRITERIA ESTABLISHED BY THE ACWORTH FOUNDATION. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 1 1 SUSANNA JONES HEAD OF SCHOOL (UNTIL 06/2023) 514617 0 0 0 76900 0 26400 0 54043 0 671960 0 54400 0 PENNY EVINS HEAD OF SCHOOL (AS OF 07/2023) 330074 0 0 0 59942 0 13200 0 43949 0 447165 0 0 0 TRACEY L FUDGE CFO & COO 324024 0 0 0 22500 0 25149 0 11847 0 383520 0 0 0 CHRISTOPHER LYNCH DIRECTOR OF UPPER SCHOOL 199062 0 0 0 998 0 19474 0 65247 0 284781 0 0 0 ANN KANGAS DIRECTOR OF ADVANCEMENT 239391 0 0 0 0 0 15153 0 11979 0 266523 0 0 0 MICHAEL ROBERTSON DIRECTOR OF INFORMATION TECHNOLOGY 183649 0 0 0 0 0 14760 0 10679 0 209088 0 0 0 MELISSA BROWN DIRECTOR OF DEI 177062 0 0 0 4682 0 15625 0 10726 0 208095 0 0 0 CHRISTY DIEFENDERFER DIRECTOR OF LOWER SCHOOL 183333 0 0 0 0 0 15468 0 1944 0 200745 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVED ON-CAMPUS HOUSING AND CLEANING SERVICES OF PUBLIC AREAS FOR SCHOOL FUNCTIONS/EVENTS. THE DIRECTOR OF UPPER SCHOOL RECEIVED EMPLOYER-PROVIDED HOUSING. THESE WERE TREATED AS NON-TAXABLE. PART I, LINE 4B THE SCHOOL PROVIDED SUSANA JONES, HEAD OF SCHOOL THROUGH JUNE, 2023, WITH A NONQUALIFIED DEFERRED COMPENSATION PLAN. THE PLAN HAD A SUBSTANTIAL RISK OF FORFEITURE. MS. JONES RECEIVED $54,400 FROM HER SECTION 457(F) PLAN FOR AMOUNTS THAT VESTED AND ARE TAXABLE, AS REPORTED IN PART II, COLUMN (B)(III) OF SCHEDULE J. PART I, LINE 8 PENNY EVINS IS IN HER INITIAL EMPLOYMENT AGREEMENT AS HEAD OF SCHOOL OF THE HOLTON-ARMS SCHOOL EFFECTIVE AS OF 07/01/2023 FOR AN INITIAL TERM OF 5 YEARS. A ECONOMIC DEVELOPMENT REVENUE BONDS (HOLTON-ARMS SCHOOL PROJECT) SERIES 526000980 NONEAVAIL 2015-06-17 21352201 TO RETIRE 2002 SERIES BOND & PROVIDE FINANCING FOR SCHOOL CAPITAL PROJECTS 0 0 0 A 3220000 21352201 3000000 18352201 2015 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ECONOMIC DEVELOPMENT REVENUE BONDS (HOLTON-ARMS SCHOOL PROJECT DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2020 X 28 182931 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE AMOUNT OF GIFTS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE, FOLLOWED BY A REVIEW PERIOD FOR THE FULL BOARD OF TRUSTEES TO REVIEW, QUESTION, AND COMMENT PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ACCORDING TO THE SCHOOL'S POLICY AND SIGN THE CONFLICT OF INTEREST DISCLOSURE AT THE FIRST BOARD MEETING OF THE YEAR. THE CFO/COO AND CHAIR OF THE FINANCE COMMITTEE REVIEW THE DISCLOSURES AND MONITOR THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES USES A NUMBER OF METRICS AND ANALYSES, INCLUDING INFORMATION FROM COMPARABLE SCHOOLS, TO SET THE TOTAL COMPENSATION PACKAGE FOR THE HEAD OF SCHOOL. SCHOOL ADMINISTRATOR COMPENSATION IS COMPARED TO BENCHMARK INFORMATION FROM COMPARABLE SCHOOLS. THE COMPENSATION COMMITTEE REVIEWS THIS PROCESS ANNUALLY. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.