2025-05-15T09:53:01-05:00 2024-06-30 333709623 COHNREZNICK ADVISORY LLC 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2023-07-01 530211355 MARET SCHOOL INC MARE 2029398800 3000 CATHEDRAL AVENUE NW WASHINGTON DC 200083407 WILLIS HOLLOWAY III ASST HEAD OF SCHOOL FIN & OPS 2029398800 2025-05-15 1 1 LAURA KIELCZEWSKI P00740769 3016529100 2025-05-14 2023 2025-03-06 01:10:19Z WILLIS HOLLOWAY III 3000 CATHEDRAL AVENUE NW WASHINGTON DC 200083407 46577861 0 X WWW.MARET.ORG X 1937 DC MARET IS A VIBRANT K-12, CO-EDUCATIONAL, INDEPENDENT SCHOOL IN WASHINGTON, DC. WE IGNITE OUR STUDENTS' POTENTIAL AND FOSTER THEIR ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS. 27 26 217 450 0 0 7635838 3390555 29112308 30313280 1569651 2061418 285086 636376 38602883 36401629 5393642 5812921 0 0 19389160 20190016 0 0 1394488 10892816 11035901 35675618 37038838 2927265 -637209 103245519 107381504 25186336 26372959 78059183 81008545 X SEE SCHEDULE O 0 0 29398800 5812921 30404855 PROVIDE EDUCATION TO STUDENTS FROM KINDERGARTEN THROUGH GRADE TWELVE. 29398800 1 1 0 0 0 0 0 0 1 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 X 190 0 1 217 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X WILLIS HOLLOWAY III 2029398800 3000 CATHEDRAL AVE NW WASHINGTON DC 20008 MARY JOSEPHINE TALBOTT HEAD OF SCHOOL (TERM 6/30/23) 50.00 X X 589242 0 40614 DENNIS BISGAARD HEAD OF SCHOOL (HIRE 7/1/23) 50.00 X X 342544 0 31066 LEIGH COMAS PRESIDENT 2.00 X X 0 0 0 SYLVIA WHITE VICE PRESIDENT 2.00 X X 0 0 0 MICHAEL KIRSHBAUM TREASURER 2.00 X X 0 0 0 VADIM NIKITINE SECRETARY 2.00 X X 0 0 0 IAN CAMERON ASSISTANT SECRETARY 2.00 X X 0 0 0 AAKASH THAKKAR ASSISTANT SECRETARY 2.00 X X 0 0 0 MAI ABDO TRUSTEE 2.00 X 0 0 0 ALAN ADLER TRUSTEE 2.00 X 0 0 0 BIKRAM BAKSHI TRUSTEE 2.00 X 0 0 0 SUSAN BOSLAND TRUSTEE 2.00 X 0 0 0 LIONEL BROWN TRUSTEE 2.00 X 0 0 0 LISA BROWN TRUSTEE 2.00 X 0 0 0 DAVID BURTON TRUSTEE 2.00 X 0 0 0 RICHARD BYNUM TRUSTEE 2.00 X 0 0 0 LAURA DEBONIS TRUSTEE 2.00 X 0 0 0 ALIFIA DORIWALA TRUSTEE 2.00 X 0 0 0 STEVEN FARINA TRUSTEE 2.00 X 0 0 0 SUZANNE GEORGE TRUSTEE 2.00 X 0 0 0 SHERLONDA GOODE-JONES TRUSTEE 2.00 X 0 0 0 ANA GREENSTEIN TRUSTEE 2.00 X 0 0 0 DAVID HALL TRUSTEE 2.00 X 0 0 0 RICK JUNEJA TRUSTEE 2.00 X 0 0 0 LISA PALMER TRUSTEE 2.00 X 0 0 0 ALEXIS SANT TRUSTEE 2.00 X 0 0 0 TRICIA PRIMROSE WALLACE TRUSTEE 2.00 X 0 0 0 RACHEL MOORE WELLER TRUSTEE 2.00 X 0 0 0 WILLIS HOLLOWAY III ASST HEAD: FINANCE & OPERATIONS 50.00 X 272522 0 90712 SALLY DUNKELBERGER DIR. OF DEVELOPMENT 50.00 X 241513 0 39649 STEVEN TEJADA DIR. OF UPPER SCHOOL 50.00 X 214943 0 109443 ANNIE FARQUHAR DIRECTOR OF ADMISSIONS 50.00 X 182097 0 34966 LYNN LEVINSON ASST HEAD: STUDENT LIFE 50.00 X 178715 0 34701 JAIME ESTRADA LANGUAGE DEPT. CHAIR 50.00 X 178720 0 72970 MARIA LOPEZ ASST. HEAD: CIRRICULUM DEVELOPMENT 50.00 X 186009 0 22082 2386305 0 476203 22 0 1 0 CULINART INC PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE (LUNCH PROGRAM & CATERINGS) 1103044 ENVIRONMENTAL DESIGN INC 23544 COONS ROAD TOMBALL TX 773758202 TREE RELOCATIONS - ECC PROJECT 555833 MCDONALD CLEANING SYSTEMS INC 2121 WISCONSIN AVENUE NW UNIT NW WASHINGTON DC 200072258 CLEANING SERVICES 536390 OCCASIONS CATERERS 655 TAYLOR ST NE WASHINGTON DC 200172063 CATERING SERVICES 370137 MCN BUILD INC 1214 28TH ST NW WASHINGTON DC 200073315 CONSTRUCTION SERVICES RE: EEC FIELD PROJ 308109 19 331917 3058638 3390555 TUITION AND FEES 611710 29324886 29324886 SUMMER PROGRAMS 611710 819936 819936 STUDENT ACTIVITIES 611710 168458 168458 30313280 1984806 1984806 220835 0 220835 220835 220835 10185784 10109172 76612 76612 76612 391026 331917 67060 323966 323966 91575 91575 91575 36401629 30404855 0 2606219 5812921 5812921 1613730 1209896 348640 55194 14844439 11108186 3225091 511162 1034201 788255 212632 33314 1482081 1129623 304716 47742 1215565 925644 250708 39213 57116 57116 48300 48300 221178 221178 572469 513505 53812 5152 71988 64573 6767 648 402560 59100 320780 22680 2260012 2027231 212441 20340 TEACHING MATERIALS 2521092 2521092 BUILDING & GROUNDS MAIN 1389976 1246808 130658 12510 FOOD SERVICE 1222544 1222544 ADMIN OPERATING COST 790591 131542 608568 50481 1478075 637880 244143 596052 37038838 29398800 6245550 1394488 4634038 3677640 13791214 18893572 3542769 1885169 694263 386461 225546 612297 70708934 37632684 31017224 33076250 49340465 48249681 0 600434 103245519 107381504 703983 2389723 9988652 10297926 13901559 13377626 100825 120236 491317 187448 25186336 26372959 X 46081426 48873704 31977757 32134841 78059183 81008545 103245519 107381504 -637209 3586571 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 27882131 253185 2625385 1232376 29528325 24592423 2571038 1962755 1244085 27882131 26813009 1672012 -2948675 943923 24592423 22578959 22015 5299794 1087759 26813009 22605726 243798 401744 672309 22578959 0.00000 0.74030 0.25970 0 0 126082 126082 54621140 28969867 25651273 2818344 2536836 281508 766229 765284 945 12377139 5360697 7016442 33076250 DEFERRED COMPENSATION 187448 187448 X 33954101 3586571 -5812921 -2226350 36180451 221178 221178 36401629 31004739 0 31004739 221178 5812921 6034099 37038838 PART IV, LINE 2B: FOR THEIR CONVENIENCE, MARET MAINTAINS SEPARATE ACCOUNTS FOR FUNDS RELATED TO VARIOUS STUDENT GROUPS, STUDENT ACTIVITIES, AND OTHER SCHOOL-RELATED PROJECTS. ALL OF THESE FUNDS ARE ENTIRELY CONTROLLED BY THE RESPECTIVE SCHOOL-RELATED GROUPS. PART V, LINE 4: THE SCHOOL MAINTAINS MULTIPLE ENDOWMENT FUNDS DESIGNATED TO ACHIEVE A BROAD RANGE OF GOALS FOR FACULTY AND STUDENTS, AS WELL AS PROGRAM-DIRECTED ENDEAVORS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"), EXCEPT FOR UNRELATED BUSINESS INCOME, AS DEFINED BY THE IRC. THE SCHOOL DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2024 OR 2023 AND DID NOT MAKE ANY ESTIMATED PAYMENTS. ACCORDINGLY, THESE STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES FOR THE YEAR ENDED JUNE 30, 2024 AND 2023. THE SCHOOL IS REQUIRED TO FILE, AND DOES FILE, TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. TAX RETURNS FILED BY THE SCHOOL ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN. THE SCHOOL HAS ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN INCOME TAX POSITIONS. DURING THE YEARS ENDED JUNE 30, 2024 AND 2023, THE SCHOOL DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS -5,812,921. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS 5,812,921. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHOOL'S NONDISCRIMINATORY POLICY - SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE WASHINGTON POST ON A PERIODIC BASIS. AUCTION 722943 331917 391026 59594 7466 722943 331917 391026 59594 7466 67060 323966 1 FINANCIAL AID 165 5812921 FMV TUITION ASSISTANCE AND SPECIAL AID MONITORING THE USE OF GRANT FUNDS - PART I, LINE 2 THE FINANCIAL AID GRANTS ARE APPLIED AS FOLLOWS: $5,478,983 TO TUITION ASSISTANCE AND $333,938 TO SPECIAL AID FOR STUDENT ACTIVITIES AND RESOURCES. TUITION ASSISTANCE IS GRANTED TO STUDENTS ON A NEED BASIS. IN ORDER TO ESTABLISH FINANCIAL NEED, AN ONLINE APPLICATION FORM IS SUBMITTED FOR REVIEW BY MANAGEMENT AND AWARDED TO STUDENTS ON AN OBJECTIVE BASIS. ONCE AWARDED, THE FUNDS ARE CREDITED TO THE STUDENT'S ACCOUNT. THE SPECIAL AID IS REVIEWED AND APPROVED BY THE DIRECTOR OF FINANCIAL AID ON A CASE-BY-CASE BASIS. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 MARY JOSEPHINE TALBOTT HEAD OF SCHOOL (TERM 6/30/23) 244242 0 117000 0 228000 0 33188 0 7426 0 629856 0 153000 0 DENNIS BISGAARD HEAD OF SCHOOL (HIRE 7/1/23) 204440 0 0 0 138104 0 22662 0 8404 0 373610 0 0 0 WILLIS HOLLOWAY III ASST HEAD: FINANCE & OPERATIONS 272522 0 0 0 0 0 22819 0 67893 0 363234 0 0 0 STEVEN TEJADA DIR. OF UPPER SCHOOL 214943 0 0 0 0 0 16799 0 92644 0 324386 0 0 0 SALLY DUNKELBERGER DIR. OF DEVELOPMENT 241513 0 0 0 0 0 20105 0 19544 0 281162 0 0 0 JAIME ESTRADA LANGUAGE DEPT. CHAIR 178720 0 0 0 0 0 14625 0 58345 0 251690 0 0 0 ANNIE FARQUHAR DIRECTOR OF ADMISSIONS 182097 0 0 0 0 0 15422 0 19544 0 217063 0 0 0 LYNN LEVINSON ASST HEAD: STUDENT LIFE 178715 0 0 0 0 0 15157 0 19544 0 213416 0 0 0 MARIA LOPEZ ASST. HEAD: CIRRICULUM DEVELOPMENT 186009 0 0 0 0 0 15157 0 6925 0 208091 0 0 0 PART I, LINE 1A MARY JOSEPHINE TALBOTT AND DENNIS BISGUAARD RECEIVED A HOUSING ALLOWANCE AND PERSONAL SERVICES, WHICH INCLUDED HOUSE CLEANING AND LAWN CARE. THE ALLOWANCE WAS INCLUDED AS TAXABLE INCOME AND IS REPORTED IN PART II COL B(III). PART I, LINE 4B MARY JOSEPHINE TALBOTT RECEIVED PAYMENT FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (SECTION 457F). THE PAYMENT WAS INCLUDED AS TAXABLE INCOME IN THE AMOUNT OF $153,000 AND IS REPORTED IN PART II COL B(III). A DISTRICT OF COLUMBIA 536001131 2548394P5 2009-10-07 17335000 REFINANCE TAX EXEMPT BONDS 0 0 0 A 3957374 17335000 17335000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 1 0 0 0 0 A 0 SCHEDULE K, PART IV, LINE 2C REBATE COMPUTATION DATE: THE REBATE COMPUTATION CALCULATION WAS LAST PERFORMED ON NOVEMBER 21, 2018, SHOWING NO AMOUNT DUE. FORM 990, PART I, LINE 1: MARET SCHOOL IS A VIBRANT K-12, CO-EDUCATIONAL, INDEPENDENT SCHOOL IN WASHINGTON, DC. WE IGNITE OUR STUDENTS' POTENTIAL AND FOSTER THEIR ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS. WE DEVELOP THE MIND, NURTURE CURIOSITY, WELCOME CHALLENGE, EMBRACE JOY, AND BUILD COMMUNITY THAT IS EQUITABLE AND INCLUSIVE. FORM 990, PART V, LINE 2A: NUMBER OF EMPLOYEES FOR CALENDAR YEAR 2023 - THE TOTAL NUMBER OF EMPLOYEES REPORTED ON LINE 2A OF PART V OF FORM 990 REPRESENTS THE TOTAL NUMBER OF EMPLOYEES FOR THE ENTIRETY OF CALENDAR YEAR 2023, NOT THE TOTAL AT ONE TIME DURING THAT YEAR. MOREOVER, THE NUMBER VARIES DURING THE DAY, AS IT IS COMPRISED OF ADMINISTRATIVE AND FACULTY PERSONNEL WHO ARE PRESENT DURING ACADEMIC HOURS AND OTHER PERSONNEL ENGAGED IN AFTER-SCHOOL ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD TRUSTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EVERY SCHOOL YEAR, THE CONFLICT OF INTEREST STATEMENT IS ISSUED TO EVERY BOARD MEMBER. THEY ALL SIGN THE DOCUMENT AND RETURN IT TO THE CHAIR. THROUGHOUT THE YEAR IT IS EXPECTED OF EACH BOARD MEMBER TO BE COMPLIANT WITH THE POLICY AND TO INFORM THE CHAIR IF THERE ARE ANY POSSIBLE CONFLICTS OF INTEREST THAT MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL OBTAINED COMPARABLE HEAD OF SCHOOL SALARY DATA FROM A CUSTOM GROUP OF PEER SCHOOLS, INCLUDING BEAUVOIR, FLINT HILL, GEORGETOWN DAY, HOLTON ARMS, LANDON, NATIONAL CATHEDRAL, SIDWELL FRIENDS, ST. ALBAN'S, ST. ANDREW'S, ST. PATRICK'S, FIELD, POTOMAC AND WASHINGTON INTERNATIONAL. THIS DATA WAS OBTAINED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, DATA AND ANALYSIS FOR SCHOOL LEADERSHIP REPORTS. THE COMPARABLE DATA INDICATED THAT THE PROPOSED SALARIED COMPENSATION OF THE NEW HEAD (OUR NEW HEAD OF SCHOOL, DENNIS BISGAARD, BEGAN ON JULY 1, 2023) FOR THE YEAR 2023-2024 IS IN THE 75TH PERCENTILE RANGE FOR PEER SCHOOLS. 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.