2022-03-30T18:06:12-05:00 2021-06-30 205991824 SC&H GROUP INC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2020-07-01 526001577 MCDONOGH SCHOOL INCORPORATED MCDO 4103630600 8600 MCDONOGH ROAD OWINGS MILLS MD 211171009 SHERRI VOELKEL CHIEF FINANCIAL OFFICER 4103630600 2022-03-28 1 SHERRI VOELKEL 999009999 LORI S BURGHAUSER P00370694 4104031500 2022-03-28 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID J FARACE 8600 MCDONOGH ROAD OWINGS MILLS MD 211171009 85886715 0 X WWW.MCDONOGH.ORG X 1873 MD PROVIDE EXCEPTIONAL EDUCATION INSPIRING A PASSION FOR LEARNING, GROWTH & A COMMITMENT TO EXCELLENCE. 32 30 660 275 72288 58644 29353347 12902085 48063614 47671137 4805777 5215551 1142401 602697 83365139 66391470 6599750 7471280 0 0 35352223 35156066 40276 37275 2722729 17042577 16593912 59034826 59258533 24330313 7132937 267537945 303028509 68197693 71968650 199340252 231059859 X SITUATED ON A BEAUTIFUL 800-ACRE CAMPUS IN OWINGS MILLS MD, MCDONOGH SCHOOL IS A COEDUCATIONAL, COLLEGE PREPARATORY, INDEPENDENT PREKINDERGARTEN THROUGH 12 SCHOOL WITH AN OPTIONAL FIVE-DAY BOARDING PROGRAM FOR STUDENTS IN GRADES 9-12. MCDONOGH SCHOOL IS A COMMUNITY THAT FINDS JOY IN WORK, IN PLAY, IN DISCOVERY, AND IN THE REALIZATION OF PERSONAL POTENTIAL. STRONG, MUTUALLY RESPECTFUL RELATIONSHIPS INSPIRE A PASSION FOR TEACHING AND LEARNING, A DEDICATION TO PERSONAL INTEGRITY, AND A COMMITMENT TO EXCELLENCE. EMBRACING DIVERSITY OF BACKGROUND, CULTURE, AND THOUGHT, THE SCHOOL BUILDS UPON ITS FOUNDER'S ORIGINAL MISSION TO PROVIDE LIFE-ALTERING OPPORTUNITIES AND TO DEVELOP IN STUDENTS THE WILL "TO DO THE GREATEST POSSIBLE AMOUNT OF GOOD." 0 1 48048916 7471280 47625278 MCDONOGH SCHOOL IS A HIGHLY REGARDED COEDUCATIONAL, INDEPENDENT SCHOOL WITH APPROXIMATELY 1,400 STUDENTS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE. AN OPTIONAL FIVE-DAY BOARDING PROGRAM IS AVAILABLE FOR STUDENTS IN GRADES 9-12. MCDONOGH'S ACADEMIC PROGRAM IS DESIGNED TO FOSTER A LOVE OF LEARNING. THE LOWER SCHOOL PROVIDES A SOLID FOUNDATION WITH AN EMPHASIS ON READING, WRITING, AND MATHEMATICS. TEACHERS WELCOME CHILDREN AS INDIVIDUALS, TAILORING THE ACADEMIC CURRICULUM TO DEVELOP THEIR FULL POTENTIAL-INTELLECTUALLY, PHYSICALLY, SOCIALLY, AND EMOTIONALLY. THE MIDDLE SCHOOL BUILDS ON THAT FOUNDATION WITH APPRECIATION FOR THE INTELLECTUAL, PHYSICAL, SOCIAL, AND EMOTIONAL NEEDS OF YOUNG ADOLESCENTS. STUDENTS LEARN THE ELEMENTS OF RESPONSIBLE SCHOLARSHIP IN READING, ENGLISH, WORLD LANGUAGES, MATHEMATICS, SCIENCE, SOCIAL STUDIES, AND TECHNOLOGY. THE UPPER SCHOOL COMBINES RIGOROUS ACADEMICS WITH A WIDE VARIETY OF EXTRACURRICULAR ACTIVITIES. IN AN ENVIRONMENT THAT FOSTERS VERSATILITY, STUDENTS SELECT HONORS AND ADVANCED PLACEMENT COURSES, DEVELOP THEIR ATHLETIC AND ARTISTIC ABILITIES, LEARN LEADERSHIP AND TEAMWORK SKILLS, AND GRADUATE WELL PREPARED FOR COLLEGE.FORM 990, PART VI, SECTION B, LINE 10A:THE POLICIES DESCRIBED IN PART VI, SECTION B, LINES 10A-16B APPLY TO MCDONOGH SCHOOL, INC. AND ITS AFFILIATE AS LISTED BELOW: FOLIO NETWORK, LLC 48048916 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 1 0 0 0 1 128 0 660 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 32 30 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MD X SHERRI VOELKEL 4103630600 8600 MCDONOGH ROAD OWINGS MILLS MD 211171009 DAVID J FARACE HEAD OF SCHOOL 60.00 0.00 X 489180 0 175480 KATHRYN MUELLER ASSOCIATE HEAD OF SCHOOL 50.00 0.00 X 249729 0 30758 SHERRI VOELKEL CHIEF FINANCIAL OFFICER 50.00 0.00 X 222158 0 39361 KERRY JOHNSTON DIRECTOR OF DEVELOPMENT 50.00 0.00 X 166911 0 79259 MERRITT A LIVERMORE HEAD OF UPPER SCHOOL 50.00 0.00 X 133672 0 90308 MATTHEW MACMULLAN CO-DIRECTOR OF ATHLETICS 50.00 0.00 X 126792 0 58865 J PETER WELCH CHIEF OPERATING OFFICER 50.00 0.00 X 127567 0 54512 GREGORY WATERS HVAC TECHNICIAN 40.00 0.00 X 126781 0 33064 EUNICE DEEGAN CO-DIRECTOR OF ATHLETICS 50.00 0.00 X 134464 0 18914 ROBERT L YOUNG III PRESIDENT 1.00 0.00 X X 0 0 0 MICHAEL W CUMMINGS VICE PRESIDENT 1.00 0.00 X X 0 0 0 STANLEY J KRASKA JR TREASURER 1.00 0.00 X X 0 0 0 H STACEY BOYER SECRETARY 1.00 0.00 X X 0 0 0 EDWARD S AHN MD MEMBER 1.00 0.00 X 0 0 0 ROBERT A BAVAR MEMBER 1.00 0.00 X 0 0 0 ROBERT W BLACK III MEMBER 1.00 0.00 X 0 0 0 STEVEN K BREEDEN MEMBER 1.00 0.00 X 0 0 0 DONALD B CHRISTIAN MEMBER 1.00 0.00 X 0 0 0 LEIGH ANN CURL MD MEMBER 1.00 0.00 X 0 0 0 IRVIN DEANDREI DRUMMOND MEMBER 1.00 0.00 X 0 0 0 BRANDON M ETHERIDGE MEMBER 1.00 0.00 X 0 0 0 MICHAEL S FADER MEMBER 1.00 0.00 X 0 0 0 MICHAEL L FALCONE MEMBER 1.00 0.00 X 0 0 0 KRISTIN F FINKELSTEIN MEMBER 1.00 0.00 X 0 0 0 RONNIE FOOTLICK MEMBER 1.00 0.00 X 0 0 0 MICHAEL I GREENEBAUM MEMBER 1.00 0.00 X 0 0 0 JANET M HERBERT MEMBER 1.00 0.00 X 0 0 0 BRETT INGERMAN MEMBER 1.00 0.00 X 0 0 0 JOSHUA P JONES-DILWORTH MEMBER 1.00 0.00 X 0 0 0 HALLIE D LABEL MEMBER 1.00 0.00 X 0 0 0 JOHN A LUETKEMEYER JR MEMBER 1.00 0.00 X 0 0 0 STEVEN S OH MEMBER 1.00 0.00 X 0 0 0 CALLIE J RAHMAN MEMBER 1.00 0.00 X 0 0 0 PATRICIA B RAKSIN MEMBER 1.00 0.00 X 0 0 0 SHAWN W ROBINSON MEMBER 1.00 0.00 X 0 0 0 HENRY A ROSENBERG JR MEMBER 1.00 0.00 X 0 0 0 DAVID D ROTHSCHILD MEMBER 1.00 0.00 X 0 0 0 RICHARD B SILBERSTEIN MEMBER 1.00 0.00 X 0 0 0 TAYMOUR TAMADDON MEMBER 1.00 0.00 X 0 0 0 STEVEN WOLCHINSKY MEMBER 1.00 0.00 X 0 0 0 SAMUEL H WRIGHT MEMBER 1.00 0.00 X 0 0 0 1777254 0 580521 30 0 1 0 CHESAPEAKE CONTRACTING GROUP 25 MAIN STREET SUITE 300 REISTERSTOWN MD 21136 GENERAL CONTRACTING 17356857 THE MULLAN CONTRACTING COMPANY 2330 W JOPPA RD SUITE 210 LUTHERVILLE MD 21093 GENERAL CONTRACTING 3665509 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLE MD 21093 FOOD SERVICES 1395124 WILLIAMS SCOTSMAN PO BOX 91975 CHICAGO IL 606931975 MODULAR BUILDING PROVIDER 861204 BOWIE GRIDLEY ARCHITECTS PLLC 1010 WISCONSIN AVE NW 400 WASHINGTON DC 200073679 ARCHITECTURAL SERVICES 341730 17 4325090 8576995 2918856 12902085 TUITION AND FEES 611710 45242264 45242264 RIDING PROGRAM/HORSE SHOWS 611710 1172659 1126800 45859 CAMPUS HOUSING 611710 571919 571919 STUDENT SUPPORT 611710 556663 556663 INSTRUCTIONAL CAMPS 611710 127632 127632 47671137 1580586 26429 1554157 116 116 98799 98799 441627 327708 113919 113919 113919 22604590 22750 18992491 0 3612099 22750 3634849 3634849 281124 175046 106078 106078 MISCELLANEOUS REVENUE 611710 174224 174224 INSURANCE PROCEEDS 611710 109677 109677 283901 66391470 47625278 72288 5791819 7471280 7471280 1354394 871930 482464 24206331 21220386 2072484 913461 1299326 1045752 196662 56912 6553773 5049032 1132488 372253 1742242 1437667 223691 80884 268385 268385 166190 166190 37275 37275 70472 70472 151434 68586 79273 3575 132864 83647 49217 139115 82331 54017 2767 1036990 361590 675400 2903349 2330877 430645 141827 21967 6196 14836 935 1381073 1099169 211215 70689 4261824 3419301 631256 211267 612328 133528 478800 UBIT/OTHER TAX EXPENSE 4140 0 4140 0 DINING MEALS 1124687 886487 178470 59730 LEASE/RENT 890354 708615 136167 45572 ACADEMIC SUPPORT AND SU 751898 751898 2676842 1892574 541150 243118 59258533 48048916 8486888 2722729 3410967 14594848 27485299 16255326 14667778 11316035 285634 386260 255826 149724 167279 217308 1081382 1835829 163630867 49254637 102857981 114376230 98227880 122516914 8300922 10664850 10796997 10715185 267537945 303028509 2235331 2518802 4200000 7246072 19830011 51001758 49258952 3514532 360885 68197693 71968650 X 92998130 127072888 106342122 103986971 199340252 231059859 267537945 303028509 X 7132937 23819072 249400 518198 X X 0 1 X 1 0 X 7777078 13923122 12271978 29353347 12902085 76227610 7777078 13923122 12271978 29353347 12902085 76227610 20115541 56112069 1990242 2515176 2176975 2452141 2094699 11229233 10900 15791 17779 26296 61185 131951 404383 554368 566940 1090595 565025 3181311 90770105 232377277 0.61820 0.60010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS SALES OF INVENTORY - 2016 AMOUNT: $ 227,149. 2017 AMOUNT: $ 283,508. 2018 AMOUNT: $ 342,062. 2019 AMOUNT: $ 313,881. 2020 AMOUNT: $ 281,124. MISCELLANEOUS REVENUE - 2016 AMOUNT: $ 144,396. 2017 AMOUNT: $ 195,598. 2018 AMOUNT: $ 176,147. 2019 AMOUNT: $ 187,143. 2020 AMOUNT: $ 174,224. GROSS INCOME FROM FUNDRAISING EVENTS - 2016 AMOUNT: $ 22,050. 2017 AMOUNT: $ 23,000. 2018 AMOUNT: $ 18,630. 2019 AMOUNT: $ 61,850. 2020 AMOUNT: $ 0. INSURANCE PROCEEDS - 2016 AMOUNT: $ 10,788. 2017 AMOUNT: $ 52,262. 2018 AMOUNT: $ 30,101. 2019 AMOUNT: $ 527,721. 2020 AMOUNT: $ 109,677. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 286400 X 0 77389402 1641500 21052589 3620788 96462703 74374252 7023016 -723711 3284155 77389402 74417759 1134639 2121806 3299952 74374252 68796551 2941055 5864572 3184419 74417759 63594466 1754632 6747954 3300501 68796551 0.09600 0.53330 0.37070 0 0 76038 76038 127669873 34566281 93103592 21800931 6807777 14993154 13162608 7880579 5282029 921417 921417 114376230 ANNUITIES PAYABLE 696472 CONSTRUCTION FEES PAYABLE 252724 DEFERRED FINANCING COSTS -588311 360885 X 80113397 23819072 249400 194572 24263044 55850353 10541117 10541117 66391470 48393790 194609 194609 48199181 11059352 11059352 59258533 PART III, LINE 4: ARTWORK AND ANTIQUES ARE AVAILABLE TO PROVIDE STUDENTS WITH ART EDUCATION ENRICHMENT. PART V, LINE 4: THE SCHOOL'S ENDOWMENTS CONSIST OF VARIOUS FUNDS ESTABLISHED TO SUPPORT A VARIETY OF SCHOLARSHIPS AND PROFESSIONAL DEVELOPMENT AT THE SCHOOL. PART X, LINE 2: ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS 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 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, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF ASSETS HELD IN ANNUITY TRUSTS 194,572. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE NETTED WITH REVENUE 7,471,280. INVESTMENT EXPENSES NETTED WITH INVESTMENT REVENUE 70,472. COST OF GOODS SOLD -175,046. RENTAL EXPENSES -327,708. CHANGE IN CSV OF LIFE INSURANCE -15,481. EMPLOYEE TUITION REMISSION 3,517,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME 327,708. COST OF GOOD SOLD 175,046. BAD DEBT RECOVERY -308,145. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED WITH INVESTMENT REVENUE 70,472. FINANCIAL AID EXPENSE NETTED WITH REVENUE 7,471,280. EMPLOYEE TUITION REMISSION 3,517,600. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MCDONOGH SCHOOL HAS PUBLISHED ITS RACIAL NONDISCRIMINATION POLICY IN ALL MEDIA THROUGH WHICH IT ADVERTISES. SCHEDULE E, PART I, LINE 6 MCDONOGH SCHOOL, INCORPORATED RECEIVED FUNDS THROUGH THE PAYCHECK PROTECTION PROGRAM UNDER THE SMALL BUSINESS ADMINISTRATION. CENTRAL AMERICAN AND THE CARIBBEAN 0 0 INVESTMENTS 9229333 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SOFTWARE SUBSCRIPTION 3400 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SOFTWARE SUBSCRIPTION 4041 0 0 0 0 0 0 9236774 0 9236774 0 0 1 1 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: X X X X X X X 1 MARTS & LUNDY INC 1200 WALL ST WEST 5TH FL LYNDHURST NJ 07071 CONSULTING SERVICE 0 0 37275 -37275 37275 -37275 MD SCHEDULE G, PART I, LINE 2B, COLUMN (V) MARTS & LUNDY, INC. PERFORMED A CAMPAIGN FEASIBILITY STUDY AND CAMPAIGN CONSULTING SERVICES. THEY DID NOT SOLICIT FUNDS ON THE SCHOOL'S BEHALF. 1 SCHOLARSHIP GRANTS AND TUITION SUPPORT 368 7471280 CASH GRANTED NON-EMPLOYEE SCHOLARSHIPS AND FINANCIAL AID PART I, LINE 2: SCHOLARSHIPS ARE GRANTED BASED ON FINANCIAL NEED AND SCHOLASTIC APTITUDE. TUITION ASSISTANCE IS MONITORED THROUGH STUDENT BILLING. X X 1 1 X 0 0 0 0 0 0 0 0 0 DAVID J FARACE HEAD OF SCHOOL 488490 0 0 0 690 0 18500 0 156980 0 664660 0 0 0 KATHRYN MUELLER ASSOCIATE HEAD OF SCHOOL 249729 0 0 0 0 0 7190 0 23568 0 280487 0 0 0 SHERRI VOELKEL CHIEF FINANCIAL OFFICER 221477 0 0 0 681 0 12533 0 26828 0 261519 0 0 0 KERRY JOHNSTON DIRECTOR OF DEVELOPMENT 166713 0 0 0 198 0 10878 0 68381 0 246170 0 0 0 MERRITT A LIVERMORE HEAD OF UPPER SCHOOL 133301 0 0 0 371 0 10180 0 80128 0 223980 0 0 0 MATTHEW MACMULLAN CO-DIRECTOR OF ATHLETICS 126452 0 0 0 340 0 9465 0 49400 0 185657 0 0 0 J PETER WELCH CHIEF OPERATING OFFICER 127043 0 0 0 524 0 9480 0 45032 0 182079 0 0 0 GREGORY WATERS HVAC TECHNICIAN 126470 0 0 0 311 0 6956 0 26108 0 159845 0 0 0 EUNICE DEEGAN CO-DIRECTOR OF ATHLETICS 131462 0 0 0 3002 0 9781 0 9133 0 153378 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, THE FOLLOWING MCDONOGH EMPLOYEES ARE PROVIDED HOUSING FOR THE CONVENIENCE AND BENEFIT OF THE SCHOOL. DAVID J. FARACE, HEAD OF SCHOOL, RECEIVED HOUSING AS A NONTAXABLE BENEFIT. AS A NONTAXABLE FRINGE BENEFIT, MEMBERSHIP FEES WERE PAID FOR DAVID J. FARACE, THE HEAD OF SCHOOL, IN THE AMOUNT OF $10,863. A MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 574221LGO 2011-10-27 38662174 TO FINANCE CONSTRUCTION - MATH & SCI BLDG, STUDENT CTR, PWR PLT, INFRA STR 0 0 0 B MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 574221ND5 2019-02-13 18195034 CAPITAL IMPROVEMENTS; REFUNDING OF SERIES 2013 BONDS; FUND ISSUANCE COSTS 0 0 0 C MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 059136BM2 2019-12-05 15290492 TO FINANCE CONSTRUCTION OF THE MIDDLE SCHOOL BUILDING 0 0 0 A 20665000 38662174 697687 457748 37506739 2014 0 0 1 1 B 1190000 18219880 332539 9599290 8288051 2019 1 0 1 1 C 15433644 575775 291211 14566658 2020 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/27/2016 SCHEDULE K, PART II, LINE 3 (BOND B): TOTAL PROCEEDS SHOWN ON PART II, LINE 3 INCLUDE INVESTMENT EARNINGS ON UNSPENT BOND PROCEEDS. SCHEDULE K, PART II, LINE 3 (BOND C): TOTAL PROCEEDS SHOWN ON PART II, LINE 3 INCLUDE INVESTMENT EARNINGS ON UNSPENT BOND PROCEEDS. 25360 TUITION REMISSION EDUCATION 53400 TUITION ASSISTANCE EDUCATION SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 17356857 INDEPENDENT CONTRACTOR. ALL TRANSACTIONS ARE AT ARMS-LENGTH AND FAIR MARKET VALUE. 0 X 47 2533176 FAIR MARKET VALUE X 1 385680 FAIR MARKET VALUE 2 0 1 0 PART I, COLUMN (B): THE TOTAL IN COLUMN (B) REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART III, LINE 3 DURING THE 2020-2021 SCHOOL YEAR, THE SCHOOL OPERATED ON A HYBRID MODEL FOR MOST OF THE YEAR. WHILE ACADEMICS CONTINUED EITHER IN PERSON OR VIRTUALLY, MANY EXTRACURRICULAR ACTIVITIES, TRIPS, AND EVENTS DID NOT OCCUR DUE TO THE COVID-19 PANDEMIC. FORM 990, PART VI, SECTION A, LINE 4 THE SCHOOL'S BYLAWS WERE AMENDED IN OCTOBER 2020 TO ADD THE SOCIAL JUSTICE AND EQUITY COMMITTEE. THE CREATION OF THIS COMMITTEE WAS RECOMMENDED BY THE EXECUTIVE COMMITTEE. THE CHANGE IN THE BYLAWS WAS REVIEWED AND APPROVED BY THE GOVERNANCE COMMITTEE AND SUBMITTED TO THE EXECUTIVE COMMITTEE AND BOARD OF TRUSTEES FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. AFTER THAT REVIEW, THE FORM 990 IS POSTED ON THE TRUSTEE WEBSITE FOR APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C COPIES OF THE CONFLICT-OF-INTEREST POLICY AND RELATED QUESTIONNAIRE ARE SUBMITTED TO ALL INTERESTED PARTIES AND ALL CURRENT MEMBERS OF THE BOARD OF TRUSTEES TO REVIEW, COMPLETE, AND SIGN. THE QUESTIONNAIRE WHICH DISCLOSES, IF APPLICABLE, ANY POTENTIAL CONFLICTS, IS SUBMITTED TO THE VICE PRESIDENT OF THE BOARD OF TRUSTEES FOR REVIEW. ANY POTENTIAL CONFLICTS ARE RESOLVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. IF A CONFLICT EXISTS, THE INTEREST PERSON IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS SURROUNDING THE CONFLICTED MATTER. THE CONFLICT-OF-INTEREST POLICY IS ANNUALLY REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 MCDONOGH SCHOOL MAINTAINS AN EXECUTIVE COMPENSATION POLICY FOR DETERMINING COMPENSATION FOR BOTH OFFICERS AND KEY EMPLOYEES. MCDONOGH SCHOOL USES PEER DATA PROVIDED BY IRS FORM 990 AND DATA PROVIDED BY BOTH AIMS (ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS) AND NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS) FOR COMPARABILITY PURPOSES. THE INDEPENDENT BOARD HIRES AND DETERMINES COMPENSATION OF THE HEADMASTER, WHO THEN HIRES AND DETERMINES COMPENSATION OF OTHER TOP MANAGEMENT OFFICIALS, OFFICERS, AND KEY EMPLOYEES. ALL COMPENSATION IS DETERMINED BASED ON PERFORMANCE, COMPARABLE COMPENSATION DATA, AND BUDGETARY GUIDELINES AS APPROVED BY COMMITTEES OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ASSETS HELD IN ANNUITY TRUSTS 282,766. CHANGE IN VALUE OF ANNUITIES PAYABLE 6,479. CHANGE IN CHARITABLE REMAINDER UNITRUST -94,673. CHANGE IN VALUE OF CASH SURRENDER VALUE 15,481. BAD DEBT RECOVERY 308,145. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FOLIO NETWORK LLC PO BOX 380 OWINGS MILLS MD 21117 275349063 SCHOOL PERFORMANCE APPRAISAL SOFTWARE MD 98799 1294341 MCDONOGH SCHOOL INCORPORATED CHARITABLE REMAINDER UNITRUST (7) PO BOX 380 OWINGS MILLS MD 21117 CHARITABLE REMAINDER UNITRUST MD T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0