2020-04-03T13:43:04-05:00 2019-06-30 411944416 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2018-07-01 536019409 SHERIDAN SCHOOL INC SHER 2023627900 4400 36TH ST NW WASHINGTON DC 20008 JESSICA DONOVAN HEAD OF SCHOOL 2023627900 2020-04-03 1 WILLIAM E TURCO CPA P00369217 3012963600 66.98.98.3 2020-04-03 08:51:46 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 00BFBB601F26E6691F3C42FDB75EEBE807206D5E 2018 2020-09-23 17:36:50Z JESSICA DONOVAN 4400 36TH ST NW WASHINGTON DC 20008 15249783 0 X WWW.SHERIDANSCHOOL.ORG X 1961 DC EDUCATIONAL SERVICES TO CHILDREN FROM KINDERGARTEN THROUGH EIGHTH GRADE. 19 15 184 150 0 0 454441 487225 9052789 9390862 343998 206030 60283 88154 9911511 10172271 1307146 1562506 0 0 5937586 6083993 0 0 215607 2403568 2429547 9648300 10076046 263211 96225 12564817 12842930 4830333 5160274 7734484 7682656 X SHERIDAN SCHOOL'S MISSION IS TO CREATE AN INCLUSIVE, VIBRANT LEARNING COMMUNITY. WE TAKE JOY IN LEARNING, SHOW KINDNESS AND EMPATHY TOWARDS OTHERS, EMBRACE NEW EXPERIENCES AND IDEAS, AND CONTINUALLY SEEK A DEEPER AND FULLER UNDERSTANDING OF THE WORLD. WE SEEK TO INSPIRE SELF-KNOWLEDGE, INTELLECTUAL DISCIPLINE, AND PERSONAL INTEGRITY IN OUR COMMUNITY MEMBERS. AT BOTH OUR CITY AND MOUNTAIN CAMPUSES, THE SHERIDAN COMMUNITY CHALLENGES ITSELF TO LIVE THE IDEAL OF RESPECT FOR ONESELF, OTHERS, AND THE ENVIRONMENT. 0 0 6846841 1452170 8118880 AS AN ACCREDITED SCHOOL, WE PROVIDE AN EDUCATION PROGRAM FOR APPROXIMATELY 222 CHILDREN FROM KINDERGARTEN TO GRADE EIGHT AT OUR CITY AND MOUNTAIN CAMPUSES. WE SEEK TO NURTURE AND CHALLENGE CHILDREN THROUGH A COLLECTION OF ACADEMIC SUBJECTS AND ENRICHING ACTIVITIES THAT ENCOURAGE CHILDREN TO TAKE RESPONSIBILITY FOR THEIR LEARNING AND SOCIAL DEVELOPMENT. 612426 869559 EIGHT WEEK SUMMER CAMP FOR APPROXIMATELY 230 CHILDREN AGES 3 TO 16 PER WEEK (OVER 630 CHILDREN OVER THE COURSE OF THE PROGRAM). CHILDREN DEVELOP NEW SKILLS, SPECIAL TALENTS, EMERGING INTERESTS AND SELF-CONFIDENCE BY EXPLORATION AND CELEBRATION OF THE VISUAL AND PERFORMING ARTS, CULINARY ARTS AND SPORTS. 415265 110336 402423 THE AFTER SCHOOL PROGRAMS MIRROR THE SCHOOL'S CHILD-ORIENTED PHILOSOPHY; CHILDREN ARE ENCOURAGED TO PURSUE THEIR INDIVIDUAL INTERESTS. WITHIN THE PROGRAM, CHILDREN MAY FOCUS ON EDUCATIONAL, ARTISTIC OR PHYSICAL ACTIVITIES, INCLUDING ENRICHMENT CLASSES, STUDY HALL, GAMES AND ART PROJECTS. THE PROGRAM ALSO INCLUDES STRUCTURED ACTIVITIES FOR HALF- AND FULL-DAY PROGRAMS DURING CONFERENCE DAYS, OR DUE TO EARLY SCHOOL DISMISSAL 338329 SUPPORT SERVICES - FOODSERVICE PROVIDING DAILY NUTRITIOUS HOT LUNCH AND SNACKS FOR ALL STUDENTS 338329 8212861 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 59 0 1 184 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X SUZANNE BADOUX CO SHERIDAN SCHOOL 2023627900 4400 36TH ST NW WASHINGTON DC 20008 ALLISON LOGIE BOARD CHAIR 6.00 X X 0 0 0 MARI MCDONALD VICE CHAIR 5.00 X X 0 0 0 ROBERT WEISSMAN VICE CHAIR 3.00 X X 0 0 0 ELIHU MILES TREASURER 3.00 X X 0 0 0 THOMAS JONES SECRETARY 3.00 X X 0 0 0 GARY ELLIS ASST TREASURER 3.00 X X 0 0 0 JEFFREY GARIGLIANO ASST SECRETARY 5.00 X X 0 0 0 ELLEN BOARDMAN DIRECTOR 3.00 X 0 0 0 ASAKI BRADFORD DIRECTOR 3.50 X 0 0 0 CAROLINE DAVIS DIRECTOR 6.00 X 0 0 0 SHANNON EGGER DIRECTOR 3.00 X 0 0 0 JENNIFER FEINBERG DIRECTOR 3.00 X 0 0 0 RODNEY GLASGOW DIRECTOR 3.00 X 0 0 0 JOHN HELLERMAN DIRECTOR 2.00 X 0 0 0 GABRIELLE KOEPPEL DIRECTOR 3.00 X 0 0 0 AMELIA MATTLER DIRECTOR 3.00 X 0 0 0 GEORGE SCHUTZER DIRECTOR 2.50 X 0 0 0 AARON STALLWORTH DIRECTOR 3.00 X 0 0 0 JULIE ZIEGLER DIRECTOR 3.00 X 0 0 0 JESSICA DONOVAN HEAD OF SCHOOL 40.00 X 336345 0 31048 MICHAEL J STOLL DIR. OF FINANCE & OPS 40.00 X 154034 0 16074 LAURA GARCIA DE MENDOZA LS MUSIC TEACHER 40.00 X 112948 0 5647 MELANIE AUERBACH DIR OF STUDENT SUPPORT 40.00 X 112948 0 85895 NATHALIE SVIEDRYS DIR. OF AUX. PROGRAMS 40.00 X 112227 0 13729 JOHN P BRIAR HEAD OF MIDDLE SCHOOL 40.00 X 102937 0 25397 931439 0 177790 6 0 1 0 MERIWETHER GODSEY INC 4944 OLD BOONSBORO RD LYNCHBURG VA 24503 FOOD SERVICE 309053 BLUE SKYE CONSTRUCTION 5125 MACARTHUR BLVD NW SUITE 19 WASHINGTON DC 20016 PLAYGROUND RENOVATION 272865 2 152550 334675 16356 487225 TUITION & FEES 900099 9390862 9390862 9390862 147923 147923 5105426 5021597 25722 83829 -25722 58107 58107 42502 152550 30048 12454 12454 6117 145 5972 5972 OTHER INCOME 900099 69728 69728 69728 10172271 9390862 0 294184 1562506 1562506 539028 539028 4713451 4149892 423827 139732 171110 156467 9300 5343 279445 235425 35980 8040 380959 302655 67968 10336 29799 29799 42925 42925 39431 39431 676554 519194 142946 14414 7497 4768 2727 2 368159 319205 36949 12005 73386 42842 28498 2046 383164 304406 68362 10396 117810 114600 3207 3 45560 43269 2290 1 35010 35010 362632 288095 64698 9839 56809 56809 ADMISSION & ENT. FEES 75049 75044 5 MAINTENANCE EXPENSES 61628 49964 10124 1540 FURNITURE & EQUIP EXP 19988 16428 3224 336 TAXES 2147 1705 384 58 31999 26396 4087 1516 10076046 8212861 1647578 215607 1863400 2105480 1165555 1337190 13373 96928 42099 25000 39823 99986 8905062 4417594 4550859 4487468 4195883 4745707 629705 9291 0 12564817 12842930 684151 730524 3252217 3563979 893965 847407 0 18364 4830333 5160274 X 6181513 5985605 384059 531629 1168912 1165422 7734484 7682656 12564817 12842930 X 96225 -120398 -27655 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4906426 4000 67805 7491 4970740 4677800 5250 223376 4906426 4297695 11600 489308 120803 4677800 4583336 11501 -188863 108279 4297695 4804709 15384 -104416 132341 4583336 0.72170 0.23450 0.04380 0 0 217056 217056 7875898 4027778 3848120 624800 389816 234984 187308 187308 4487468 INTEREST RATE SWAP AGREEMENT 18364 18364 X 8480129 -120398 -1562506 -1682904 10163033 39431 -30193 9238 10172271 8504302 30193 30193 8474109 39431 1562506 1601937 10076046 PART V, LINE 4: THE EARNINGS FROM INVESTING OF ENDOWMENT FUNDS WILL BE USED TO PROVIDE NEED-BASED SCHOLARSHIPS AND SUPPORT PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND COMPENSATION FOR TEACHERS, AS WELL AS OTHER PROGRAM NEEDS, INCLUDING CAPITAL EXPENDITURES. 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 HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) NOT TO BE A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. FOR THE YEAR ENDED JUNE 30, 2019, THE SCHOOL HAD NO TAXABLE UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL COMPLIES WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC TOPIC 740-10), WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. GENERALLY, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION AND AFTER SCHOOL PROGRAM REVENUE -1,562,506. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED ON LINE 8B -30,048. GAMING EXPENSES REPORTED ON LINE 9B -145. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED ON LINE 8B 30,048. GAMING EXPENSES REPORTED ON LINE 9B 145. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION AND AFTER SCHOOL PROGRAM REVENUE 1,562,506. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE RACIAL NONDISCRIMINATION POLICY IS PUBLICIZED THROUGH PRINTED MATERIALS AND PERIODIC ADVERTISEMENTS. SCHEDULE E, LINE 3: IN ADDITION TO BEING FULLY COMPLIANT IN ALL MATTERS RELATED TO NON-DISCRIMINATORY PRACTICES COVERED IN SCHEDULE E, SHERIDAN IS ACTIVELY COMMITTED TO ITS DIVERSITY VISION, WHICH UNDERPINS THE SCHOOL'S CORE MISSION AS FOLLOWS: WE BELIEVE THAT A DIVERSE AND INCLUSIVE LEARNING ENVIRONMENT IS INTEGRAL TO ACHIEVING ACADEMIC EXCELLENCE. SHERIDAN'S COMMITMENT TO DIVERSITY IS GROUNDED IN OUR SCHOOL MISSION AND THE PRINCIPLES OF PROGRESSIVE EDUCATION. WE OFFER A CURRICULUM THAT PROMOTES SOCIAL JUSTICE AND CHALLENGES PREJUDICE, WITHIN A SCHOOL CULTURE THAT EMBRACES AND CELEBRATES DIFFERENCES. WE RECOGNIZE AND VALUE THE EXPERIENCES THAT DIVERSITY OF GENDER, RACE, ETHNICITY, RELIGION, SEXUAL ORIENTATION, SOCIO-ECONOMIC CLASS, AGE AND ABILITY WITHIN OUR SCHOOL COMMUNITY CONTRIBUTES TO A SHERIDAN EDUCATION. WE ULTIMATELY STRIVE TO PREPARE OUR STUDENTS TO UNDERSTAND THE NATURE OF A COMPLEX WORLD AND TO THRIVE IN A MULTICULTURAL GLOBAL SOCIETY. AUCTION 195052 152550 42502 30048 195052 152550 42502 30048 30048 12454 1 FINANCIAL AID 72 1562506 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED ON THE BASIS OF FINANCIAL NEED. RECIPIENT'S FAMILY MUST SUBMIT AN APPLICATION FOR FINANCIAL ASSISTANCE, WHICH IS REVIEWED BY AN INDEPENDENT SERVICE. THE INDEPENDENT SERVICE'S RECOMMENDATIONS ARE THEN EVALUATED BY THE SCHOOL'S FINANCIAL AID COMMITTEE. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 JESSICA DONOVAN HEAD OF SCHOOL 266148 0 15450 0 54747 0 16045 0 15028 0 367418 0 0 0 MICHAEL J STOLL DIR. OF FINANCE & OPS 153279 0 0 0 755 0 7824 0 8272 0 170130 0 0 0 MELANIE AUERBACH DIR OF STUDENT SUPPORT 111637 0 1000 0 311 0 5647 0 80272 0 198867 0 0 0 PART I, LINE 1A JESSICA DONOVAN, HEAD OF SCHOOL, RECEIVED TAXABLE HOUSING IN THE AMOUNT OF $54,000 PART I, LINE 7 HEAD OF SCHOOL BONUS IS BASED ON MEETING GOALS AND OBJECTIVES. BONUS APPROVED BY THE BOARD. MELANIE AUERBACH RECEIVED PERFORMANCE BONUS AND IT WAS APPROVED BY THE HEAD OF THE SCHOOL. JESSICA DONOVAN HEAD OF SCHOOL OVERPAYMENT ERROR JAN-JUNE 2019 HOUSING ALLOWANCE, NET. REPAID 9/12/19 X 25000 25000 0 0 1 25000 148741 FINANCIAL AID TUITION; AFTER SCHOOL PROGRAMS SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: THE OVERPAYMENT OF THE HEAD OF SCHOOL HOUSING ALLOWANCE JANUARY - JUNE 2019 WAS DUE TO A PAYROLL SETUP ERROR. ONCE THE ERROR WAS DISCOVERED, THE FINANCE AND EXECUTIVE COMMITTEES OF THE BOARD WERE NOTIFIED AND THE PAYROLL SETUP WAS CORRECTED. IN CONSULTATION WITH OUR TAX ADVISORS, IT WAS DECIDED THAT THE NET OVERPAYMENT WOULD BE BOOKED AT FISCAL YEAR END (6/30/2019) AS A LOAN. THE OVERPAYMENT WAS THEN REPAID IN FULL BY THE HEAD OF SCHOOL ON 9/12/2019. SCHEDULE L, PART III, GRANTS OR ASSISTANCE BENEFITTING INTEREST PERSONS: SHERIDAN STRIVES FOR A DIVERSE BOARD REPRESENTATIVE OF THE SCHOOL COMMUNITY. AS SUCH, A NUMBER OF BOARD MEMBERS RECEIVE FINANCIAL AID AS DETERMINED BY AN INDEPENDENT COMMITTEE AND A THIRD PARTY ALGORITHM. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, THE MANAGEMENT TEAM, CONSISTING OF THE DIRECTOR OF FINANCE, SENIOR FINANCE STAFF AND HEAD OF SCHOOL REVIEWED THE DRAFT FORM 990 PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. THE DRAFT FORM 990 WAS THEN MADE AVAILABLE TO THE AUDIT COMMITTEE FOR REVIEW. THE MEMBERSHIP OF THE AUDIT COMMITTEE INCLUDES TRUSTEES WITH PRACTICAL AND/OR PROFESSIONAL EXPERTISE IN NONPROFIT MANAGEMENT, ACCOUNTING, AND FEDERAL TAX LAW GOVERNING EXEMPT ORGANIZATIONS. BEFORE THE ORGANIZATION SUBMITTED FORM 990 TO THE IRS, THE AUDIT COMMITTEE REPORTED TO THE BOARD OF TRUSTEES THAT THE AUDIT COMMITTEE HAD, TO THE BEST OF ITS ABILITY, DETERMINED THAT THE DRAFT FORM 990 WAS COMPLETE, ACCURATE AND CORRECT. THE DRAFT 990 WAS THEN MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C FULL DISCLOSURE OF ALL ACTUAL AND POTENTIAL CONFLICTS OF INTEREST IS REQUIRED. EACH TRUSTEE AND OFFICER OF THE SCHOOL IS REQUIRED TO DISCLOSE ANY AND ALL FACTS THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST ANNUALLY VIA A FORM AND QUESTIONNAIRE, AS WELL AS WHENEVER SUCH ACTUAL OR POTENTIAL CONFLICT OCCURS BEFORE ANY RELEVANT ACTION BY THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD. THE FORMS ARE REVIEWED BY THE DIRECTOR OF FINANCE TO IDENTIFY ANY POTENTIAL CONFLICTS TO BE REVIEWED WITH THE AUDIT COMMITTEE. THE COMMITTEE WILL REVIEW WHETHER OR NOT A CONFLICT EXISTS AND WHETHER IT MAY MATERIALLY OR ADVERSELY AFFECT THE INTERESTS OF THE SCHOOL. THE TRUSTEE WITH THE POTENTIAL CONFLICT MAY NOT PARTICIPATE IN THIS DETERMINATION BY THE COMMITTEE. IF THE COMMITTEE DETERMINES THAT A CONFLICT MAY EXIST, THE BOARD OF TRUSTEES SHALL DETERMINE AN APPROPRIATE REMEDY. THIS REMEDY MAY INCLUDE THE RECUSAL OF THE TRUSTEE FROM CERTAIN MATTERS PENDING BEFORE THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY, A REVIEW OF THE PERFORMANCE OF THE HEAD OF SCHOOL IS CARRIED OUT BY A COMMITTEE CONSISTING OF THE CHAIR AND OFFICERS OF THE BOARD AND THE CHAIRS OF EACH STANDING COMMITTEE. FOLLOWING THE PERFORMANCE REVIEW, THE COMMITTEE REVIEWS THE HEAD OF SCHOOL'S COMPENSATION, INCLUDING THE USE OF COMPARABLE COMPENSATION DATA OF PEER SCHOOLS, AND RECOMMENDS EXTENSION, WITH OR WITHOUT CHANGE IN COMPENSATION, FOR ONE OR MORE YEARS, OR TERMINATION, OF THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT. THE RECOMMENDATION OF THE COMMITTEE IS PRESENTED TO THE FULL BOARD OF TRUSTEES FOR THEIR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS OF THE SCHOOL ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN (LOSS) FROM INTEREST RATE SWAP -27,655.