2022-05-12T17:24:11-05:00 2021-06-30 420714325 RSM US LLP 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2020-07-01 540673568 THE LANGLEY SCHOOL INC LANG 7033561920 1411 BALLS HILL ROAD MCLEAN VA 221013499 GREG BOKMAN CHIEF FINANCIAL OFFICER 7033561920 2022-05-12 1 GREG BOKMAN XXX-XX-XXXX SARA SMITH P01332734 2022932200 2022-05-12 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHELE CLAEYS 1411 BALLS HILL ROAD MCLEAN VA 221013499 20892072 0 X WWW.LANGLEYSCHOOL.ORG X 1942 VA TO PROVIDE EDUCATION TO PRESCHOOL THROUGH 8TH GRADE STUDENTS. 17 17 170 100 0 0 3202525 1533526 19015772 18954627 375086 -1957087 111528 98174 22704911 18629240 2044570 2207053 0 0 12999997 13509100 290000 95000 601789 4568521 3780887 19903088 19592040 2801823 -962800 53258741 63128940 13893859 23191554 39364882 39937386 THE LANGLEY SCHOOL PROVIDES A RICH, CHALLENGING, MULTIDISCIPLINARY PROGRAM THAT BUILDS QUIETLY CONFIDENT, INDEPENDENT THINKERS WHO FLOURISH AS LEARNERS AND INDIVIDUALS AND ACT WITH INTEGRITY, GENEROSITY, AND CONSIDERATION FOR OTHERS. 0 0 14899241 2207053 18954627 OPERATION OF A PRIVATE SCHOOL FOR GRADES PRESCHOOL THROUGH 8TH SERVING OVER 470 STUDENTS. 14899241 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 1 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 20 0 1 170 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 VA X GREG BOKMAN 7033561920 1411 BALLS HILL ROAD MCLEAN VA 221013499 ZAC MERRIMAN CHAIR 2.00 X X 0 0 0 SARA MAGNER VICE CHAIR/TREASURER 2.00 X X 0 0 0 DENISE HASELHORST VICE CHAIR 2.00 X X 0 0 0 MAKIKO HARRISON SECRETARY 2.00 X X 0 0 0 JOHN ASADOORIAN BOARD MEMBER 2.00 X 0 0 0 JACK BALLINGHOFF BOARD MEMBER 2.00 X 0 0 0 I-MIN CHAO BOARD MEMBER 2.00 X 0 0 0 ALIFIA DORIWALA BOARD MEMBER 2.00 X 0 0 0 KAREN FRANA BOARD MEMBER 2.00 X 0 0 0 DAVID HALWIG BOARD MEMBER 2.00 X 0 0 0 ALISTAIR MILLER BOARD MEMBER 2.00 X 0 0 0 PRESTON MILLER BOARD MEMBER 2.00 X 0 0 0 NICOLE MORRILL BOARD MEMBER 2.00 X 0 0 0 LARA RAMSEY BOARD MEMBER 2.00 X 0 0 0 GERRY SALEMME BOARD MEMBER 2.00 X 0 0 0 BARBARA TOOHILL BOARD MEMBER 2.00 X 0 0 0 SHIREEN ZAMAN BOARD MEMBER 2.00 X 0 0 0 ELINOR SCULLY HEAD OF SCHOOL 40.00 X 472873 0 49052 GREGORY BOKMAN CFO 40.00 X 220174 0 42877 AYESHA FLAHERTY DIR OF ENROLLMENT/COMM. 40.00 X 177914 0 14221 PHILLIP PETRU ASST HEAD OF SCHOOL 40.00 X 172131 0 14549 KURT KLUNDER IT DIRECTOR 40.00 X 152610 0 12200 NOLA-RAE CRONAN HEAD OF MIDDLE SCHOOL 40.00 X 140178 0 11206 SARAH BECK DIR CURRICULUM /INSTRUCTION 40.00 X 136928 0 10912 1472808 0 155017 17 0 1 0 COX GRAAE & SPACK ARCHITECTS 2909 M STREET NW WASHINGTON DC 20007 ARCHITECT 179967 GBR CLEANING SERVICES 3399 BENBOW COURT WOODBRIDGE VA 22193 JANITORIAL SERVICES 171941 HOW NOW CORP 2422 PONY LANE RESTON VA 20191 CONSULTANT 130000 3 208550 119203 1205773 50901 1533526 TUITION FEES 900099 18760824 18760824 AUXILLIARY SERVICES 900099 193803 193803 18954627 268557 268557 2225644 -2225644 -2225644 -2225644 135362 208550 37188 98174 98174 18629240 18954627 0 -1858913 2207053 2207053 850706 592133 238156 20417 10048133 7082063 2730470 235600 733380 470665 242600 20115 1113420 714565 368317 30538 763461 489970 252551 20940 69323 69323 64649 64649 95000 95000 36112 36112 18781 18781 194529 194529 301830 292368 7570 1892 717304 694202 18482 4620 69757 69757 142858 138257 3681 920 1071252 1036751 27601 6900 229923 222577 5877 1469 OTHER EXPENSES 349079 175298 10403 163378 INSTRUCTIONAL MATERIALS 333442 333442 DUES & SUBSCRIPTIONS 92875 92875 PROF. DEVELOPMENT 89173 73955 15218 19592040 14899241 4091010 601789 500 500 14593717 18190251 3351093 2324865 6566049 241868 193257 35831944 17152487 20713387 18679457 11235932 13819561 3122244 3355000 53258741 63128940 1177410 2286644 8683112 16923570 4033337 3981340 13893859 23191554 X 29510235 28939803 9854647 10997583 39364882 39937386 53258741 63128940 -962800 1535304 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5715778 73000 1614189 216254 7186713 5466583 243169 189201 183175 5715778 4923159 625060 370349 451985 5466583 3777016 945170 342297 141324 4923159 2999698 475271 432780 130733 3777016 0.70000 0.30000 0 0 209494 209494 28323827 12784830 15538997 3361510 2711966 649544 3937113 1655691 2281422 18679457 317708-BROWN ADVISORY (BAFZX) 3355000 C 3355000 X 20158925 1535304 -2195151 -659847 20818772 36112 -2225644 -2189532 18629240 17360777 0 17360777 36112 2195151 2231263 19592040 PART V, LINE 4: PERMANENTLY RESTRICTED ASSETS ARE RESTRICTED IN PERPETUITY. CUMULATIVE INVESTMENT EARNINGS ARE AVAILABLE TO SUPPORT FACULTY DEVELOPMENT, GENERAL OPERATIONS, FINANCIAL AID SCHOLARSHIPS AND OTHER PURPOSES AS DESIGNATED BY THE GRANTOR OR THE BOARD. PART X, LINE 2: THE SCHOOL IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE SCHOOL QUALIFIES FOR CHARITABLE CONTRIBUTIONS DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. BUSINESS INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. FOR THE YEAR ENDED JUNE 30, 2021, THE SCHOOL HAD NO NET UNRELATED BUSINESS INCOME AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE SCHOOL FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT -2,195,151. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON RETIREMENT OF PROPERTY & EQUIPMENT REPORTED IN PART VIII, LN 7C -2,225,644. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT 2,195,151. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A NOTICE WAS PLACED IN THE WASHINGTON POST NEWSPAPER ON FRIDAY, NOVEMBER 27, 2020, ANNOUNCING THE SCHOOL'S NON-DISCRIMINATION POLICY. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED CHROMEBOOKS PURCHASED BY FAIRFAX COUNTY THROUGH THE ELEMENTARY AND SECONDARY SCHOOL EMERGENCY RELIEF FUND (ESSER). THE CHROMEBOOKS BELONG TO FAIRFAX COUNTY. THE SCHOOL ALSO RECEIVED GRANT REVENUE FROM THE AMERICAN RESCUE PLAN ACT (ARPA), ADMINISTERED BY VIRGINIA DEPARTMENT OF EDUCATION (VDOE) FOR OPERATING A LICENSED CHILD CARE CENTER WHICH FOLLOWED THE HEALTH GUIDELINES DURING THE PANDEMIC. X X X X X X 1 COMPASS GROUP 2961A HUNTER MILL ROAD OAKTON VA 22124 PROVIDE STRATEGIC CAMPAIGN COUNSEL 0 0 95000 -95000 95000 -95000 VA SPRING AUCTION 343912 208550 135362 37188 343912 208550 135362 37188 37188 98174 1 FINANCIAL AID 93 2195151 SUMMER GRANTS 7 11902 PART I, LINE 2: A LANGLEY SCHOOL EDUCATION REPRESENTS A SIGNIFICANT FINANCIAL INVESTMENT IN A CHILD'S FUTURE. WE FEEL STRONGLY THAT FINANCIAL CONSIDERATIONS SHOULD NOT BE THE DETERMINING FACTOR IN WHETHER A CHILD ATTENDS THE LANGLEY SCHOOL. FINANCIAL ASSISTANCE IS AVAILABLE TO STUDENTS IN ALL GRADES, PRESCHOOL THROUGH GRADE 8. FAMILIES CAN APPLY FOR FINANCIAL AID THROUGH THE SCHOOL'S THIRD-PARTY, INDEPENDENT PROCESSING COMPANY. THE INDEPENDENT PROCESSING COMPANY MAKES FINANCIAL AID RECOMMENDATIONS BASED ON MULTIPLE FACTORS WHICH INCLUDE THE FAMILY'S EARNINGS AND OTHER FINANCIAL INFORMATION. THESE RECOMMENDATIONS ARE REPORTED TO LANGLEY AND ARE REVIEWED BY THE SCHOOL'S FINANCIAL AID COMMITTEE. THE COMMITTEE MAKES THE FINAL MONETARY AWARD DECISION BASED ON THE FAMILY'S OVERALL FINANCIAL AID APPLICATION. THE SCHOOL COMMUNICATES FINANCIAL AID AWARDS TO THE FAMILY FOR THEIR CONSIDERATION DURING THE ENROLLMENT PROCESS. AWARDS ARE ONLY GRANTED FOR ONE FISCAL YEAR AND AN UPDATED APPLICATION IS REQUIRED ANNUALLY. X 1 1 X X X 0 0 0 0 0 0 0 1 0 ELINOR SCULLY HEAD OF SCHOOL 406321 0 30000 0 36552 0 40100 0 9588 0 522561 0 0 0 GREGORY BOKMAN CFO 219675 0 0 0 499 0 18459 0 26556 0 265189 0 0 0 AYESHA FLAHERTY DIR OF ENROLLMENT/COMM. 177761 0 0 0 153 0 14221 0 1079 0 193214 0 0 0 PHILLIP PETRU ASST HEAD OF SCHOOL 171906 0 0 0 225 0 7000 0 8179 0 187310 0 0 0 KURT KLUNDER IT DIRECTOR 152500 0 0 0 110 0 12200 0 467 0 165277 0 0 0 NOLA-RAE CRONAN HEAD OF MIDDLE SCHOOL 140070 0 0 0 108 0 11206 0 527 0 151911 0 0 0 PART I, LINE 1A ELINOR SCULLY, HEAD OF SCHOOL RECEIVED A TAXABLE HOUSING ALLOWANCE OF $36,000 REPORTED IN PART II, COLUMN(B)(III). PART I, LINE 7 HEAD OF SCHOOL WAS PAID AN ANNUAL BONUS AS STATED PER THE EMPLOYMENT CONTRACT. BONUS WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY SERIES 2020A AND 2020B 540787833 2020-02-27 20399000 REFINANCE OUTSTANDING 2011 DEBT; NEW DEBT FOR CONSTRUCTION OF BUILDING 0 0 0 A 89000 20399000 395679 50001 4003320 15949999 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 0 A 1 SCHEDULE K, PART I, BOND ISSUES: ON FEBRUARY 27, 2020, THE SCHOOL REFINANCED THE 2011 SERIES A-1, A-2 BOND DEBT AND ISSUED FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY REVENUE BOND, SERIES 2020 A AND SERIES 2020 B FOR $4,399,000 AND $16,000,000, RESPECTIVELY. THE SCHOOL PAID OFF THE EXISTING BOND DEBT, INTEREST RATE SWAPS, AND LINE OF CREDIT OUTSTANDING BALANCE RESULTING IN A LOSS ON EARLY DEBT EXTINGUISHMENT OF $28,152 FOR THE YEAR ENDED JUNE 30, 2020, WHICH REPRESENTS THE WRITE-OFF OF THE REMAINING UNAMORTIZED COSTS OF THE BOND ISSUANCE COSTS FROM THE PAID OFF BONDS. THE REFINANCING WAS COMPLETED IN ORDER TO FUND SCHOOL IMPROVEMENTS. SANDY SPRING BANK PURCHASED THE $4,399,000 AND $16,000,000 SERIES 2020 A AND SERIES 2020 B REVENUE BONDS WITH A FIXED INTEREST RATE OF 2.635%. THE SCHOOL HAS DRAWN THE FULL AMOUNT OF THE SERIES 2020 A BOND, BUT HAS ONLY DRAWN $50,001 ON THE SERIES 2020 B BONDS AS OF JUNE 30, 2021. IF THE FULL AMOUNT OF SERIES 2020 B BOND IS NOT DRAWN ON OR BEFORE JUNE 1, 2022, THE SCHOOL WILL PROVIDE MONTHLY INSTALLMENTS OF PRINCIPAL AND INTEREST ON THE OUTSTANDING BALANCE IN AN AMOUNT SUFFICIENT TO AMORTIZE THE OUTSTANDING PRINCIPAL AMOUNT AS OF JUNE 1, 2022 TO MATURITY. ADDITIONALLY, THE NOTE IS SUBJECT TO MANDATORY REDEMPTION ON MARCH 1, 2040, WHICH WOULD BE AN AMOUNT EQUAL TO THE PRINCIPAL AMOUNT TO BE REDEEMED, PLUS ANY APPLICABLE PREMIUM, PLUS ALL UNPAID INTEREST ACCRUED TO THE DATE FIXED FOR REDEMPTION. THE AMOUNT OUTSTANDING AT JUNE 30, 2021, FOR SERIES 2020A AND 2020B WAS $4,276,998 AND $49,994, RESPECTIVELY, WITH A MATURITY DATE OF MARCH 1, 2050. THE TOTAL INTEREST EXPENSE, OTHER BOND RELATED FEES, AND AMORTIZATION OF DEBT ISSUANCE COSTS, WAS $142,858 FOR THE YEAR ENDED JUNE 30, 2021. IN CONNECTION WITH THE BONDS, THE SCHOOL HAS AGREED, AMONG OTHER THINGS, TO: (1) MAINTAIN A MINIMUM DEBT SERVICE COVERAGE RATIO, AND (2) MAINTAIN A MINIMUM AMOUNT OF OPERATING CASH ON HAND. THE BONDS ARE SECURED BY THE REAL ESTATE AND PLEDGED RECEIPTS. X 4 50901 FMV 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 4 ARTICLE VI: THE HEAD OF SCHOOL; SECTION 6.1 - GENERAL WAS UPDATED OUTLINING THE HEAD OF SCHOOL'S GENERAL DUTIES AND AUTHORITY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION REVIEWS THE DRAFT FORM 990 IN THEIR ENTIRETY THROUGH CAREFUL EXAMINATION BY THE SCHOOL'S CHIEF FINANCIAL OFFICER, CONTROLLER, HEAD OF SCHOOL, BOARD CHAIR AND CHAIR OF THE AUDIT COMMITTEE. THE DRAFT FORMS WITH DONOR NAMES REDACTED IS ALSO REVIEWED BY THE AUDIT COMMITTEE, WHICH SUBJECT TO CHANGES AND CORRECTIONS, ACCEPTS THE REPORTS ON BEHALF OF THE BOARD. THE REDACTED FORM IS THEN MADE AVAILABLE TO THE SCHOOL'S BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY. THIS IS DONE BY REQUIRING EACH MEMBER OF THE ORGANIZATION'S GOVERNING BODY, ITS BOARD OF DIRECTORS, TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE BEFORE SERVING ON THE BOARD. THIS CONFLICT OF INTEREST POLICY IS REQUIRED TO BE SUBMITTED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE HEAD OF SCHOOL INCLUDES A REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF THE APPROPRIATE LEVEL OF COMPENSATION THROUGH BENCHMARKING AGAINST PEER SCHOOLS WITHIN THE AREA. DATA IS COLLECTED FROM ASSOCIATIONS WHICH PROVIDE THE SUPPORT IN MAKING THIS FINAL DECISION. FOR ALL OTHER EMPLOYEES, THE HEAD OF SCHOOL, AND DIRECTOR OF HUMAN RESOURCES UTILIZE SIMILAR BENCHMARKS TO DETERMINE APPROPRIATE LEVELS OF COMPENSATION FOR EMPLOYEES. ALL PAYROLL DECISIONS ARE MADE WITHIN THE PARAMETERS OF A BOARD OF TRUSTEES APPROVED FISCAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS INCLUDING THE ORGANIZATION'S BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO MEMBERS OF THE SCHOOL COMMUNITY THROUGH INSPECTION AT THE SCHOOL'S ADMINISTRATION BUILDING. THE "MEMBERS" ARE THE PARENTS OR GUARDIANS OF LANGLEY STUDENTS WHO HAVE SIGNED ENROLLMENT AGREEMENTS FOR THE CURRENT SCHOOL YEAR. MEMBERSHIP IS FOR TWELVE MONTHS AND ONLY RENEWS UPON SIGNING A NEW CONTRACT. FINANCIAL STATEMENT SUMMARIES ARE MAILED ANNUALLY TO ALL MEMBERS WITHIN THE SCHOOL'S ANNUAL REPORT AND COPIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).