2022-05-16T10:21:12-05:00 2021-06-30 205991824 SC&H GROUP INC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2020-07-01 520591645 OLDFIELDS SCHOOL INC OLDF 4104724800 1500 GLENCOE ROAD SPARKS GLENCOE MD 21152 NANCY PALMER TRUSTEE, CHAIR 4104724800 2022-05-13 1 NANCY PALMER 999009999 ASHLEY ZUMBRUN P02050856 4104031500 2022-05-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID PERFIELD 1500 GLENCOE ROAD SPARKS GLENCOE MD 21152 12758173 0 X OLDFIELDSSCHOOL.ORG X 1926 MD OLDFIELDS SCHOOL'S MISSION IS TO EMBRACE EACH STUDENT'S AUTHENTIC SELF, EDUCATE THROUGH COLLABORATION, EMPOWER THE INDIVIDUAL VOICE, AND INSPIRE CONFIDENCE AND CONTINUAL GROWTH, LEADING TO A LIFE OF PURPOSE. 19 19 86 24 0 0 7328376 1613685 5226211 4791306 609201 1435609 11847 5999 13175635 7846599 1572399 1841700 0 0 4571194 3877594 0 0 184209 3709260 3587735 9852853 9307029 3322782 -1460430 28093754 26456281 3127639 3010794 24966115 23445487 OLDFIELDS SCHOOL'S MISSION IS TO EMBRACE EACH STUDENT'S AUTHENTIC SELF, EDUCATE THROUGH COLLABORATION, EMPOWER THE INDIVIDUAL VOICE, AND INSPIRE CONFIDENCE AND CONTINUAL GROWTH, LEADING TO A LIFE OF PURPOSE. 0 0 7215293 1841700 4791306 FOUNDED IN 1867, OLDFIELDS SCHOOL COMBINES TRADITION AND INNOVATION WHILE REMAINING TRUE TO ITS FUNDAMENTAL MOTTO, "COURAGE, HUMILITY, AND LARGENESS OF HEART." THE STUDENT BODY IS MADE UP OF A DIVERSE GROUP OF YOUNG WOMEN FROM ACROSS THE UNITED STATES AND AROUND THE GLOBE. APPROXIMATELY 75+ COURSES, INCLUDING HONORS COURSES, ADVANCED PLACEMENT PREPARATION, SPECIAL SEMINARS, MAY PROGRAM, AND ART ELECTIVES ARE OFFERED. EACH GIRL'S EDUCATION IS TAILORED TO HER ABILITIES WITH AN AVERAGE CLASS SIZE OF 8 STUDENTS AND A 5:1 STUDENT TO FACULTY RATIO. OLDFIELDS FOCUSES ON ENSURING "EACH GIRL'S SUCCESS." OLDFIELDS SCHOOL IS LOCATED ON 140 RURAL ACRES NESTLED IN THE SCENIC HORSE COUNTRY OF NORTH BALTIMORE COUNTY, MARYLAND. 7215293 1 1 0 0 0 0 1 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 40 0 86 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MD X BRYAN ENGLE DIRECTOR OF FINANCE & BUSINESS OPERATIONS 4436621011 1500 GLENCOE ROAD SPARKS GLENCOE MD 21152 NANCY PALMER P'12 CHAIR 1.00 0.00 X X 0 0 0 CAROL HUBBELL ENGEBRETSON '72 VICE-CHAIR 1.00 0.00 X X 0 0 0 SCOTT S MENZIES P'03 TREASURER 1.00 0.00 X X 0 0 0 ELIZABETH LABROT '76 SECRETARY 1.00 0.00 X X 0 0 0 MARNEY BABBITT-PIERCE '04 TRUSTEE 1.00 0.00 X 0 0 0 JENNEVEE FRIAS CRESPO '01 TRUSTEE 1.00 0.00 X 0 0 0 PETER G CURRAN TRUSTEE 1.00 0.00 X 0 0 0 RICHARD C DARRELL P'06 TRUSTEE 1.00 0.00 X 0 0 0 HEIDI DUPONT '95 TRUSTEE 1.00 0.00 X 0 0 0 R AUGUSTUS EDWARDS II P'95 P'98 TRUSTEE 1.00 0.00 X 0 0 0 LULU LAUBENSTEIN GOOD '72 TRUSTEE 1.00 0.00 X 0 0 0 JAMILA HUBBARD '11 TRUSTEE 1.00 0.00 X 0 0 0 PETER M KANGAS TRUSTEE (PARTIAL YEAR) 1.00 0.00 X 0 0 0 SUSAN ANDREWS LESCHEN '87 TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH T LOVE '90 P'20 TRUSTEE 1.00 0.00 X 0 0 0 DOMINIQUE R MEJIA '04 P'20 P'21 TRUSTEE 1.00 0.00 X 0 0 0 ANNIEVIVE CRAIN PALM TRUSTEE (PARTIAL YEAR) 1.00 0.00 X 0 0 0 SUSAN S REPKO '72 TRUSTEE 1.00 0.00 X 0 0 0 GAY R SMITH '68 TRUSTEE 1.00 0.00 X 0 0 0 HILARY GARDNER SWAIN '72 TRUSTEE (PARTIAL YEAR) 1.00 0.00 X 0 0 0 RAYVEN VINSON '10 TRUSTEE 1.00 0.00 X 0 0 0 RAMSAY M WHITWORTH ESQ P'19 TRUSTEE 1.00 0.00 X 0 0 0 DAVID PERFIELD HEAD OF SCHOOL 40.00 0.00 X 191660 0 67148 BRYAN ENGLE DIRECTOR OF FINANCE 40.00 0.00 X 154716 0 33079 346376 0 100227 2 0 1 0 PPM-MID ATLANTIC 507 WYNGATE ROAD LUTHERVILLE MD 21093 FACILITIES/CUSTODIAL 625416 COMPASS GROUP USA INC - FLIK PO BOX 417632 BOSTON MA 02241 FOOD/DINING SERVICES 382730 2 854313 759372 156101 1613685 TUITION & FEES 611710 4349800 4349800 AUXILIARY ACTIVITIES 611710 441506 441506 4791306 38747 38747 7040 7040 6304958 4908096 1396862 1396862 1396862 2437 3478 -1041 -1041 7846599 4791306 0 1441608 X 1841700 1841700 429169 273711 137445 18013 2777306 1766998 892600 117708 93488 60581 29238 3669 338203 219159 105772 13272 239428 155151 74880 9397 41169 41169 33767 33767 34300 34300 1372772 1282904 89591 277 50025 8684 41341 381888 163177 208856 9855 115186 73284 37020 4882 387208 350423 36785 7776 7640 68 68 67321 67321 650189 588421 61768 169238 111189 55510 2539 EQUESTRIAN 136282 136282 STUDENT LIFE 35285 35285 OTHER SCHOOL EXPENSES 25912 10664 13008 2240 PROFESSIONAL DEVELOPMEN 25761 24766 995 53656 37953 13414 2289 9307029 7215293 1907527 184209 1436232 941428 1626231 2553042 4627343 4221485 2141 2543 36633 30218 67360 98867 29077628 16826193 12769084 12251435 1094338 1371313 6124388 4597267 310004 388683 28093754 26456281 543923 386101 434810 513323 1075000 1075000 1073906 1036370 3127639 3010794 X 11854839 9972203 13111276 13473284 24966115 23445487 28093754 26456281 X -1460430 -102276 42078 X X 0 1 X 1 0 X 1861954 1128209 985231 7337922 1613685 12927001 1861954 1128209 985231 7337922 1613685 12927001 5828738 7098263 170131 197777 277436 106396 45787 797527 45295 3452779 16016 11057 2437 3527584 17252112 0.41140 0.40110 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME INVENTORY REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 5.90 0 0 0 1 1 9.00 8515239 5870 1305068 1519885 8306292 9061794 1244500 190437 1981492 8515239 8561459 273186 666313 400000 39164 9061794 8721064 251766 780183 1157000 34554 8561459 7831188 330491 1046237 453282 33570 8721064 0.03340 0.78820 0.17840 0 0 796298 796298 24902043 14304757 10597286 2134568 1855692 278876 1244719 665744 578975 12251435 CASH SURRENDER VALUE OF LIFE INSURANCE 403319 F HATTERAS MULTI-STRATEGY TEI FUND 34515 F INTEREST IN OIL AND GAS LEASE 57281 F MULTI-STRATEGY BOND FUND 1508679 F MULTI-STRATEGY EQUITY FUND 2593473 F 4597267 X 5871801 -102276 3478 -98798 5970599 34300 1841700 1876000 7846599 7392429 -38600 -38600 7431029 34300 1841700 1876000 9307029 PART II, LINE 5: IN 2004, A FOREST STEWARDSHIP PLAN WAS PREPARED FOR MARYLAND GRID 907 X 628; TAX MAP 28 PARCEL 195 IN BALTIMORE COUNTY. THIS PLAN OUTLINES RECOMMENDATIONS BASED ON THE GOALS TO PRESERVE THE NATURAL HABITAT AND RESOURCES PRESENT. THE PLAN PROVIDES MANAGEMENT UNIT DESCRIPTIONS AND RECOMMENDED PRACTICES, GENERAL PROPERTY-WIDE RECOMMENDATIONS, COST-SHARE AND TAX ASSISTANCE PROGRAM ANALYSIS, AND A MANAGEMENT PRACTICE SCHEDULE. PART II, LINE 9: THE EASEMENT IS MONITORED, INSPECTED, AND ENFORCED BY THE GROUNDS MAINTENANCE CONTRACTOR OF THE SCHOOL. THE COSTS OF PERFORMING THESE ACTIVITIES ARE NOT SEPARATELY TRACKED, BUT RATHER, ARE INCLUDED IN THE GENERAL SERVICE CONTRACT. PART V, LINE 4: THE SCHOOL USES THE ENDOWMENT FUNDS AS SUPPORT FOR OPERATING EXPENSES THAT ARE NECESSARY TO FULFILL THE SCHOOL'S EXEMPT PURPOSE. THE ENDOWMENT FUNDS ARE INVESTED UNDER THE SCHOOL'S INVESTMENT POLICY TO COMPLY WITH THE STATE OF MARYLAND UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT. THE BOARD APPROPRIATES THE EARNINGS OF THE ENDOWMENT FUNDS FOR EXPENDITURE TO SUPPORT DONOR STIPULATED PURPOSES. PART X, LINE 2: ASC 740, INCOME TAXES, PRESCRIBES THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. FOR THOSE 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 IS REQUIRED TO FILE INFORMATIONAL RETURNS IN VARIOUS JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS IN PROGRESS. 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: COST OF GOODS SOLD NETTED WITH REVENUE 3,478. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,841,700. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE 3,478. RECOVERY OF BAD DEBT -42,078. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,841,700. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S POLICY IS PUBLISHED IN VARIOUS NEWSPAPERS ANNUALLY. THE POLICY IS ALSO ON THE SCHOOL'S WEBSITE AND THE COMMUNITY GUIDEBOOK. SCHEDULE E, PART I, LINE 6 OLDFIELDS SCHOOL, INC. RECEIVED FUNDS THROUGH THE PAYCHECK PROTECTION PROGRAM UNDER THE SMALL BUSINESS ADMINISTRATION. 1 FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AWARDED TO STUDENTS 53 1841700 FAIR MARKET VALUE PART I, LINE 2: THE STUDENTS' PARENT(S) APPLY FOR THE FINANCIAL AID BY COMPLETING THE UNIFORM SSS FORM. MANAGEMENT REVIEWS THE SSS FORM AND AWARDS FINANCIAL AID ON AN AS-NEEDED BASIS. THE AMOUNT OF EACH AWARD IS APPLIED TO THE RESPECTIVE STUDENTS' TUITION BILL. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DAVID PERFIELD HEAD OF SCHOOL 191200 0 0 0 460 0 9800 0 57348 0 258808 0 0 0 BRYAN ENGLE DIRECTOR OF FINANCE 153248 0 0 0 1468 0 8100 0 24979 0 187795 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, DAVID PERFIELD WAS PROVIDED ON CAMPUS HOUSING FOR THE CONVENIENCE AND BENEFIT OF THE ORGANIZATION. THIS HOUSING IS NOT TAXABLE AND IS INCLUDED IN NONTAXABLE BENEFITS. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2010-04-14 2985000 PROCEEDS WERE USED TO REFINANCE EXISTING BONDS. 0 0 0 A 2985000 2985000 2010 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 X 11 156101 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE TOTAL IN COLUMN (B) REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 33: THE SCHOOL DOES NOT VALUE NONCASH CONTRIBUTIONS FOR PREVIOUSLY OWNED HORSES AND GOODS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT KEEP MINUTES FOR COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. MINUTES ARE ONLY DOCUMENTED FOR MEETINGS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE HEAD OF SCHOOL, CFO, AND CONTROLLER PERFORM THE INITIAL REVIEW. AFTER THEIR APPROVAL, THE 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE, AND IS PRESENTED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH NAIS STANDARDS, ALL TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE ADMINISTRATIVE ASSISTANT TO THE HEAD OF THE SCHOOL SENDS ALL TRUSTEES A COPY OF THE CONFLICT OF INTEREST STATEMENT VIA EMAIL TO SIGN AT THE BEGINNING OF EACH FISCAL YEAR. THE STATEMENTS ARE FILED BY THE HEAD'S ADMINISTRATOR AND ARE KEPT ON FILE AND UP TO DATE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE HEAD OF THE SCHOOL IS DETERMINED BY THE BOARD OF TRUSTEES HEADS COMMITTEE. THE COMMITTEE USES AIMS SUMMARY REPORTS OF COMPENSATION AS A GUIDELINE FOR SETTING COMPENSATION. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY REVIEW OF COMPARABLE SALARIES AT PEER SCHOOLS AND MARKET REPORTS. THE HEAD OF SCHOOL REVIEWS AND APPROVES THESE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART IX, LINE 11G FOOD SERVICES: PROGRAM SERVICE EXPENSES 454,430. MANAGEMENT AND GENERAL EXPENSES 2,624. FUNDRAISING EXPENSES 277. TOTAL EXPENSES 457,331. CONSULTANTS - OTHER: PROGRAM SERVICE EXPENSES 828,474. MANAGEMENT AND GENERAL EXPENSES 86,967. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 915,441. FORM 990, PART XI, LINE 9: CHANGE IN DISCOUNT ON CHARITABLE REMAINDER TRUSTS RECOVERY OF BAD DEBT 42,078. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER UNITRUST 200 W LANCASTER AVE WAYNE PA 19087 CHARITABLE REMAINDER UNITRUST PA T 363683 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CHARITABLE REMAINDER UNITRUST C 363683 FAIR VALUE