2021-05-13T18:53:52-05:00 2020-06-30 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2019-07-01 520613675 GREEN ACRES SCHOOL INC GREE 3018814100 11701 DANVILLE DR ROCKVILLE MD 208523799 REBECCA GEARY HEAD OF SCHOOL/TRUSTEE 3018814100 2021-05-13 1 WILLIAM E TURCO CPA P00369217 3012963600 2021-05-13 2019 2022-09-23 18:48:47Z REBECCA GEARY 11701 DANVILLE DR ROCKVILLE MD 208523799 9443766 0 X WWW.GREENACRES.ORG X 1934 MD GREEN ACRES SCHOOL INSPIRES AND CHALLENGES STUDENTS TO LIVE AND LEARN WITH INTELLECT, CURIOSITY, DETERMINATION, JOY AND COMPASSION. 21 17 160 14 0 0 316457 670147 9365563 8541123 139873 77346 76393 121329 9898286 9409945 2229680 2040675 0 0 6254063 5087609 0 0 299621 3096394 2920115 11580137 10048399 -1681851 -638454 16092523 15744969 7984096 8366650 8108427 7378319 GREEN ACRES SCHOOL CHALLENGES AND INSPIRES STUDENTS TO LIVE AND LEARN WITH INTELLECT, CURIOSITY, DETERMINATION, JOY AND COMPASSION. 0 0 7670459 2040675 8541123 PRESCHOOL AND ELEMENTARY EDUCATION (NURSERY THROUGH EIGHTH GRADE) FOR OVER 300 CHILDREN CONDUCTED ON PROGRESSIVE LINES IN WHICH THE OBJECTIVE IS TO EMPHASIZE INDIVIDUAL DEVELOPMENT. 7670459 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 160 0 1 160 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 17 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 0 1 1 0 0 MD X JUDY HINES ACCOUNTING MANAGER 3018814100 11701 DANVILLE DR ROCKVILLE MD 208523799 NEAL BROWN HEAD OF SCHOOL 40.00 X X 321460 0 52948 CECILY BULLOCK DIR OF OPERATIONS 40.00 X 145320 0 20537 MARYLOUISE BRACHO CAMP DIRECTOR/TEACHER 40.00 X 127902 0 9057 ANN GROAT ADVANCEMENT DIRECTOR 40.00 X 116352 0 14475 PETER KLAM MIDDLE SCHOOL HEAD 40.00 X 113798 0 0 SUSAN TOWNSEND-GRAY TRUSTEE/TEACHER THRU 06/30/2020 40.00 X 57198 0 20566 DEBBIE WALSH TRUSTEE/TEACHER 40.00 X 65854 0 2483 CARL CARVELL TRUSTEE/TEACHER 40.00 X 55437 0 0 JOSHUA ORENSTEIN PRESIDENT THRU 6/30/20 2.00 X X 0 0 0 ALYSSA DENZER VICE PRESIDENT 2.00 X X 0 0 0 KATHERINE LEWIS SECRETARY 2.00 X X 0 0 0 GRAEME PFUNDER TREASURER 2.00 X X 0 0 0 BARTON ARONSON TRUSTEE 2.00 X 0 0 0 SUE CHOI TRUSTEE THRU 6/30/20 2.00 X 0 0 0 DIANA COHEN TRUSTEE THRU 6/30/20 2.00 X 0 0 0 PETER FEDAK TRUSTEE 2.00 X 0 0 0 BRIAN FUNG TRUSTEE 2.00 X 0 0 0 DENISE GERSHOWITZ TRUSTEE 2.00 X 0 0 0 SARAH GOLDIN TRUSTEE 2.00 X 0 0 0 MICHAEL HANRAHAN TRUSTEE THRU 6/30/20 2.00 X 0 0 0 AMBER JAMIL TRUSTEE 2.00 X 0 0 0 JENNIFER LOWE TRUSTEE 2.00 X 0 0 0 JONATHON NEVETT TRUSTEE THRU 6/30/20 2.00 X 0 0 0 RAJNI SAMAVEDAM TRUSTEE 2.00 X 0 0 0 JENNIFER WICHT TRUSTEE 2.00 X 0 0 0 1003321 0 120066 5 0 1 0 UNIVERSAL JANITORIAL SERVICES INC 3911 OLD LEE HIGHWAY FAIRFAX VA 22030 JANITORIAL SERVICES 242923 1 77896 592251 29089 670147 TUITION & RELATED FEES 900099 7372768 7372768 AUXILIARY SERVICES 900099 1103778 1103778 TRANSPORTATION FEES 900099 64577 64577 8541123 77346 77346 32512 77896 33644 -1132 -1132 1490 177 1313 1313 INSURANCE PROCEEDS 900099 100000 100000 OTHER INCOME 900099 21148 21148 121148 9409945 8541123 0 198675 2040675 2040675 748352 497575 211307 39470 3228770 2146792 911685 170293 809229 538053 228496 42680 301258 200305 85064 15889 57127 41015 15860 252 49567 35588 13761 218 493 493 16461 11818 4570 73 48201 34607 13382 212 35694 12865 22796 33 961147 536380 421479 3288 174516 170069 3401 1046 559927 545929 10638 3360 41733 29963 11586 184 CAMP EXPENSE 468644 468467 177 PROGRAM SUPPLIES & ACTI 317198 285448 9282 22468 ADMISSIONS & MEMBERSHIP 167296 60296 106845 155 OTHER EXPENSES 22111 14614 7497 10048399 7670459 2078319 299621 1569407 1577042 5086367 5256228 41835 252083 162890 167302 1920 19568 21034 101244 112335 18774133 11794895 7821235 6979238 1170762 1260759 117295 118948 16092523 15744969 239940 285316 2577175 1720760 4763784 4772410 403197 1588164 7984096 8366650 X 5419863 4410038 2688564 2968281 8108427 7378319 16092523 15744969 X -638454 63045 -154699 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4404161 1959 38406 39781 4404745 6481064 500 65682 2143085 4404161 6532770 80063 602757 734526 6481064 6103493 88764 713102 372589 6532770 8514322 57016 173949 2641794 6103493 0.43230 0.25110 0.31660 0 0 790062 790062 17005239 10941685 6063554 978832 853210 125622 6979238 CUSTODIAL ACCOUNTS 122224 DEFERRED COMPENSATION 180882 INTEREST RATE SWAP 335006 INTEREST RATE CAP 3052 REFUNDABLE ADVANCES 947000 1588164 X 7431999 63045 -2040675 -1977630 9409629 493 -177 316 9409945 8162107 154876 154876 8007231 493 2040675 2041168 10048399 PART V, LINE 4: BOARD DESIGNATED NET ASSETS AT JUNE 30, 2020 ARE AVAILABLE FOR THE FOLLOWING PURPOSES: FACULTY SALARY ENHANCEMENT, OPERATIONS RESERVE, POOL RESERVE AND PLAYGROUND RESERVE. PERMANENTLY RESTRICTED NET ASSETS AT JUNE 30, 2020 ARE MADE UP OF SCHOLARSHIPS ENDOWMENT FUND, FACULTY SALARY ENHANCEMENT AND M. HIRTZ EARLY CHILDHOOD UNIT FUND. ALL EARNINGS FROM THESE FUNDS ARE ADDED TO THE RESPECTIVE ENDOWMENT FUNDS UNTIL APPROPRIATED IN ACCORDANCE WITH DONOR RESTRICTIONS. PART X, LINE 2: THE SCHOOL IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE SCHOOL QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. HOWEVER, THE SCHOOL IS SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME, AS DEFINED BY THE INTERNAL REVENUE SERVICE. DURING THE YEAR ENDED JUNE 30, 2020, THE SCHOOL HAD NO TAXABLE UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND HAS CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE. GENERALLY, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE SHOWN NET OF INCOME ON FINANCIAL STATEMENTS -2,040,675. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD PRESENTED ON LINE 10B ON PAGE 9 -177. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD PRESENTED ON LINE 10B ON PAGE 9 177. GAIN (LOSS) ON INTEREST RATE CAP AGREEMENT 154,699. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE SHOWN NET OF INCOME ON FINANCIAL STATEMENTS 2,040,675. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 AN ANNOUNCEMENT IS PLACED IN THE WASHINGTON POST NEWSPAPER PUBLICIZING THE SCHOOL'S NONDISCRIMINATION POLICY. AUCTION 110408 77896 32512 2515 3750 15302 12077 110408 77896 32512 2515 3750 15302 12077 33644 -1132 1 FINANCIAL AID TO STUDENTS 91 2022569 PART I, LINE 2: THE SCHOOL'S FINANCIAL AID PROGRAM IS DESIGNED TO ASSIST FAMILIES WITH NEED BY COVERING A PART OF THE COST OF TUITION AND OTHER EXPENSES AT THE SCHOOL. WE SEND FINANCIAL AID INFORMATION AND APPLICATION MATERIALS TO ALL OF OUR APPLICANT FAMILIES. TO ENSURE OBJECTIVITY, GREEN ACRES SCHOOL SUBSCRIBES TO THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS) IN PRINCETON, NEW JERSEY. THIS SERVICE REQUIRES THAT PARENTS SEND TO THEM A PARENTS' FINANCIAL STATEMENT WITH A SMALL FEE. WITH THIS INFORMATION, SSS CALCULATES HOW MUCH PARENTS SHOULD BE EXPECTED TO PAY. COPIES OF CURRENT YEAR TAX FORMS MUST ALSO BE SUBMITTED DIRECTLY TO THE SCHOOL. FAMILIES SEEKING FINANCIAL AID MUST APPLY FOR FINANCIAL AID EACH YEAR. GREEN ACRES SCHOOL FOLLOWS A "NEEDS BLIND" ADMISSION POLICY. ADMISSION DECISIONS ARE MADE FIRST BY AN ADMISSION COMMITTEE WITHOUT REGARD TO WHICH FAMILIES MAY OR MAY NOT HAVE APPLIED FOR FINANCIAL AID. AFTER ADMISSION DECISIONS ARE MADE, GRANTS ARE DETERMINED FOR ACCEPTED FAMILIES BY A FINANCIAL AID COMMITTEE CONSISTING OF THE HEAD OF SCHOOL, BUSINESS OFFICE STAFF MEMBERS, AND THE CO-DIRECTORS OF ADMISSIONS. X 1 1 X X X 0 1 0 0 0 0 0 0 0 NEAL BROWN HEAD OF SCHOOL 253362 0 0 0 68098 0 25000 0 28200 0 374660 0 0 0 CECILY BULLOCK DIR OF OPERATIONS 144480 0 0 0 840 0 0 0 20706 0 166026 0 0 0 PART I, LINE 1A NEAL BROWN RECEIVED A TAX GROSS-UP ON A TAXABLE BENEFIT REPORTED IN SCHEDULE J, PART II, COLUMN(B)(III) IN THE AMOUNT OF $29,261. PART I, LINE 4B ON JULY 1, 2016, THE SCHOOL ESTABLISHED A SECTION 457(F) DEFERRED COMPENSATION PLAN (THE 2016 PLAN) FOR ITS CURRENT HEAD OF SCHOOL. THE SCHOOL WILL CONTRIBUTE A MINIMUM OF $10,000 AND A MAXIMUM OF $25,000 PER YEAR. THE SCHOOL MADE A $25,000 CONTRIBUTION FOR THE CALENDAR YEAR 2019. 100829 FINANCIAL AID TUITION ASSISTANCE X 2 6167 FMV X SPECIAL EVENT ITEMS 169 22922 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION (THE "MEMBERS OR, COLLECTIVELY, THE "MEMBERSHIP") SHALL BE: (A)EACH PARENT, LEGAL GUARDIAN OR CUSTODIAN (HEREAFTER "PARENT") OF A CHILD ENROLLED IN THE SCHOOL, PROVIDED THAT (I) THERE SHALL BE NO MORE THAN TWO PARENTS FOR ANY CHILD AND (II) THE PARENT(S) OF EACH CHILD SHALL BE THOSE PERSONS OR THAT PERSON WHO SIGN THE ENROLLMENT FORM SUBMITTED TO THE SCHOOL AND THEREBY BECOME RESPONSIBLE FOR THE CHILD'S TUITION AND FEES, UNLESS THOSE PERSONS OR THAT PERSON DESIGNATES ON THAT FORM ONE OR TWO OTHER PARENTS FOR MEMBERSHIP PURPOSES; (B)ANY PERSON SERVING AS A TRUSTEE ON THE BOARD; (C)EACH PERSON THAT IS REGULARLY EMPLOYED BY THE SCHOOL (SUCH EMPLOYEES SHALL HEREAFTER BE REFERRED TO AS "STAFF"). FORM 990, PART VI, SECTION A, LINE 7A THERE SHALL BE AN ANNUAL MEETING OF THE MEMBERSHIP FOR THE PURPOSE OF ELECTING TRUSTEES (UNLESS SUCH ELECTION IS CONDUCTED BY REFERENDUM IN ACCORDANCE WITH THESE BY-LAWS). FORM 990, PART VI, SECTION A, LINE 7B THERE SHALL BE AN ANNUAL MEETING OF THE MEMBERSHIP FOR THE PURPOSE OF ELECTING TRUSTEES (UNLESS SUCH ELECTION IS CONDUCTED BY REFERENDUM IN ACCORDANCE WITH THESE BYLAWS), FOR PRESENTING THE BUDGET AND FINANCIAL CONDITION OF THE CORPORATION, AND FOR DISCUSSION OF ANY TOPICS THAT THE BOARD MAY PLACE ON THE AGENDA FOR THE MEETING. IN ADDITION, THE BOARD MAY, AT ITS DISCRETION, SCHEDULE ADDITIONAL SPECIAL MEETINGS OF THE MEMBERSHIP. THE BOARD SHALL DESIGNATE THE SPECIFIC TIMES AND THE AGENDAS FOR ALL SUCH MEETINGS, BUT THE ANNUAL MEETING SHALL BE HELD BEFORE JUNE 1 OF EACH YEAR. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BUSINESS OFFICE DURING PREPARATION AND AFTER COMPLETION AND BEFORE BEING FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY HAS A "DUTY TO DISCLOSE" SECTION WHICH OUTLINES HOW POTENTIAL OR REAL CONFLICTS OF INTEREST ARE BROUGHT TO THE ATTENTION OF THE HEAD OF SCHOOL, OR TO THE ATTENTION OF THE BOARD PRESIDENT AND/OR VICE PRESIDENT. IT ALSO EXPLAINS THE ROLE THAT THE BOARD OF TRUSTEES' EXECUTIVE COMMITTEE PLAYS IN CONSIDERING POTENTIAL CONFLICTS OF INTEREST AND DETERMINING THE APPROPRIATE STEPS TO TAKE. FORM 990, PART VI, SECTION B, LINE 15A THE SALARIES OF THE OFFICERS AND KEY EMPLOYEES ARE DECIDED BY THE USE OF COMPARABLE SALARY DATA AS PROVIDED BY THE INDEPENDENT EDUCATION (IE) AND THE ASSOCIATION OF MARYLAND INDEPENDENT SCHOOLS. THE AMOUNT OF THE FINAL COMPENSATION NUMBER IS THEN APPROVED BY THE HEAD OF SCHOOL. THE SALARY FOR THE HEAD OF SCHOOL IS APPROVED BY THE BOARD OF TRUSTEES. CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: GAIN (LOSS) ON INTEREST RATE CAP AGREEMENT -154,699. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS.