2020-05-12T08:09:05-05:00 2019-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2018-07-01 521107876 ST ANDREW'S EPISCOPAL SCHOOL INC STAN 3019835200 8804 POSTOAK ROAD POTOMAC MD 20854 MARK J MCKNIGHT CHIEF FINANCIAL OFFICER 3019835200 2020-05-11 1 MIKE YOUNG P00236952 4104031500 2020-05-11 76.100.73.190 2020-05-11 16:58:33 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0D4461F916D513B3B03BFB10511425154532CAA7 2018 2020-09-23 17:36:50Z ROBERT F KOSASKY 8804 POSTOAK ROAD POTOMAC MD 20854 31620859 0 X WWW.SAES.ORG X 1977 MD OPERATION OF A SCHOOL FOR 620 STUDENTS IN GRADES RANGING FROM PRESCHOOL THROUGH 12. 23 23 260 200 0 0 2328353 5154632 23056220 25178277 633928 870873 137529 213802 26156030 31417584 3960292 4065553 0 0 13858218 15127477 61365 0 1101389 7572522 8301236 25452397 27494266 703633 3923318 62339414 67472815 32413027 33475768 29926387 33997047 OPERATION OF A SCHOOL FOR 620 STUDENTS IN GRADES RANGING FROM PRESCHOOL THROUGH 12. 0 0 22139433 4065553 25178277 OPERATION OF A SCHOOL FOR 620 STUDENTS IN GRADES RANGING FROM PRESCHOOL THROUGH 12. 22139433 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 167 0 260 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 MD X MARK MCKNIGHT 3019835200 8804 POSTOAK ROAD POTOMAC MD 20854 BRIAN HARRIS CHAIR 2.00 X X 0 0 0 ANTHONY J IZZO III VICE CHAIR 2.00 X X 0 0 0 KAREN SMITH TREASURER 2.00 X X 0 0 0 SANDY HOROWITZ SECRETARY 2.00 X X 0 0 0 ALFREDO ANTEZANA TRUSTEE 2.00 X 0 0 0 GAIL ATWOOD TRUSTEE 2.00 X 0 0 0 RUDY CASASOLA TRUSTEE 2.00 X 0 0 0 DAVID CHEUNG TRUSTEE 2.00 X 0 0 0 ELIZABETH DRUCKER TRUSTEE 2.00 X 0 0 0 CHRISTOPHER DYMOND TRUSTEE 2.00 X 0 0 0 NOELLE EDER TRUSTEE 2.00 X 0 0 0 REV JOHN HARMON TRUSTEE 2.00 X 0 0 0 DIANE HASTINGS TRUSTEE 2.00 X 0 0 0 PARISA KARAAHMET TRUSTEE 2.00 X 0 0 0 MARY BETH KIRCHNER TRUSTEE 2.00 X 0 0 0 ANDREA LARUE TRUSTEE 2.00 X 0 0 0 LARISSA LEVINE TRUSTEE 2.00 X 0 0 0 SHEILA MAITH TRUSTEE 2.00 X 0 0 0 CHRISTINE MCCLOY TRUSTEE 2.00 X 0 0 0 BRIAN RADECKI TRUSTEE 2.00 X 0 0 0 DAVID SMITH TRUSTEE 2.00 X 0 0 0 SALIM SULEMAN TRUSTEE 2.00 X 0 0 0 STEVEN WARD TRUSTEE 2.00 X 0 0 0 ROBERT KOSASKY HEAD OF SCHOOL 40.00 X 454538 0 188376 MARK J MCKNIGHT CFO 40.00 X 179057 0 47400 BLAIR KAINE DIRECTOR OF ADVANCEMENT 40.00 X 156485 0 58545 GLENN E WHITMAN DIRECTOR OF CTTL, DEAN OF STUDIES 40.00 X 152966 0 39863 DAVID P BROWN ASST. HEAD OF SCHOOL 40.00 X 150229 0 60453 GINGER COBB HEAD OF UPPER SCHOOL 40.00 X 132440 0 13349 RODNEY GLASGOW HEAD OF MIDDLE SCHOOL 40.00 X 130989 0 18378 1356704 0 426364 20 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 725540 RMA CHAUFFEURED TRANSPORTATION 12270 WILKINS AVE ROCKVILLE MD 20852 SHUTTLE/BUS SERVICE 264056 GALI SERVICE INDUSTRIES 12312 WILKINS AVENUE ROCKVILLE MD 20852 CLEANING SERVICES 194590 TALENTED LLC 228 MARKHAM DR CHAPEL HILL NC 27514 COMPUTER SERVICES 193580 REJOICE TRANSPORTATION PO BOX 641 CLINTON MD 20735 SHUTTLE/BUS SERVICE 193322 5 353937 4800695 616495 5154632 TUITION & RELATED FEES 611710 24345479 24345479 SHUTTLE BUS FEES 611710 443760 443760 SUMMER PROGRAMS 611710 228258 228258 EXTENDED DAY FEES 611710 160780 160780 25178277 870873 870873 121514 0 121514 121514 121514 220014 353937 151737 68277 68277 64005 51538 12467 12467 OTHER INCOME 900099 11544 11544 11544 31417584 25178277 0 1084675 4052533 4052533 13020 13020 869370 617253 191261 60856 10886241 7888191 2497079 500971 850954 604177 187210 59567 1686997 1435808 190557 60632 833915 592080 183461 58374 20609 14632 4534 1443 62295 44229 13705 4361 38608 27411 8494 2703 216533 117957 36550 62026 365382 259421 80384 25577 170240 120870 37453 11917 726863 516073 159910 50880 21060 14953 4633 1474 20991 20991 708595 503102 155891 49602 1697540 1205253 373459 118828 123571 87735 27186 8650 OTHER PROGRAM EXPENSES 1182261 1175521 6740 AUXILIARY SERVICES 1103056 1103056 DEPARTMENT PROGRAMS 833285 833285 STUDENT ACTIVITIES 498974 498974 511373 413899 73946 23528 27494266 22139433 4253444 1101389 6480811 6632228 10728069 11480879 1245118 1608544 308369 304344 56344 55789 210982 104997 50527176 16199160 31073214 34328016 11516949 12215451 293436 293436 426122 449131 62339414 67472815 1056559 2651205 8346003 8592825 22951994 22447028 58471 -215290 32413027 33475768 X 21625653 24007453 1970233 3516438 6330501 6473156 29926387 33997047 62339414 67472815 X 3923318 113109 34233 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8796297 382016 440000 8738313 8740930 460367 405000 8796297 8578641 567289 405000 8740930 9409796 -501155 330000 8578641 11313459 -49992 1853671 9409796 0.25990 0.71610 0.02400 0 0 3325261 3325261 33932594 9170821 24761773 5284177 4618636 665541 7985144 2409703 5575441 34328016 12215451 F 12215451 STUDENT DEPOSITS 84354 AGENCY ACCOUNTS 109790 DEFERRED COMPENSATION 366356 BOND ISSUANCE COSTS -775790 -215290 X 27529698 113109 -4052533 -3939424 31469122 -51538 -51538 31417584 23459038 51538 51538 23407500 4086766 4086766 27494266 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF THE FOLLOWING: DESIGNATED FOR FUTURE PROGRAMS REPRESENT ASSETS THAT HAVE BEEN INTERNALLY DESIGNATED BY THE BOARD OF TRUSTEES FOR SPECIAL PURPOSES OUTSIDE OF NORMAL OPERATIONS. QUASI ENDOWMENT REPRESENTS TRANSFERS OF UNRESTRICTED NET ASSETS INVESTED FOR THE LONG TERM, THE INCOME FROM WHICH IS TO BE USED TO SUPPORT FACULTY SALARIES, SCHOLARSHIPS, AND OTHER SPECIFIC PURPOSES. PERMANENTLY RESTRICTED NET ASSETS - INCOME AND GAINS EARNED ON THESE ASSETS ARE FOR GENERAL OR SPECIFIC PURPOSES AS STIPULATED BY THE DONORS. 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 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 HAS CONSIDERED ITS INCOME TAX POSITIONS, INCLUDING ANY POSITIONS THAT MAY BE CONSIDERED UNCERTAIN BY THE RELEVANT TAX AUTHORITIES IN THE JURISDICTIONS IN WHICH THE SCHOOL OPERATES. AS OF JUNE 30, 2019 AND 2018, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS. 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, 2019 AND 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND OTHER GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -4,052,533. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 -51,538. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 51,538. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND OTHER GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 4,052,533. CHANGE IN DISCOUNT ON UNCONDITIONAL PROMISES TO GIVE 8,593. RECOVERY OF UNCOLLECTIBLE UNCONDITIONAL PROMISES TO GIVE 25,640. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENTS THROUGH THE ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS (AIMS). 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES EDUCATIONAL TRIPS 56834 0 0 0 0 0 0 56834 0 56834 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, TO SUPPORT OPERATING EXPENSES AND PROJECTS FOR THE SCHOOL BUILDING 13020 WIRE TRANSFERS 0 0 0 0 0 0 GALA & AUCTION 573951 353937 220014 32250 74730 44757 573951 353937 220014 32250 74730 44757 151737 68277 1 NEED-BASED FINANCIAL AID 145 3578692 208341 FMV BOOKS, SUPPLIES AND SUBSIDIZED TRANSPORTATION MERIT-BASED AWARDS/OTHER GRANTS 34 265500 PART I, LINE 2: NEED-BASED FINANCIAL AID IS BASED SOLELY UPON DEMONSTRATED NEED. FAMILIES APPLY FOR FINANCIAL AID BY COMPLETING THE TADS FINANCIAL AID APPLICATION (ANNUALLY) AND SUBMITTING IT TO TADS, ALONG WITH REQUIRED DOCUMENTS SUCH AS TAX RETURNS, W-2'S AND PAYSTUBS. TADS PROVIDES THE COMPLETED APPLICATION INCLUDING SUGGESTED AWARD TO THE SCHOOL FOR FURTHER REVIEW, ADJUSTMENT, IF ANY, AND AWARDING. THE SCHOOL PROVIDES A SMALL NUMBER OF MERIT AWARDS TO STUDENTS WHO DO NOT QUALIFY FOR FINANCIAL AID. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 ROBERT KOSASKY HEAD OF SCHOOL 453848 0 0 0 690 0 72229 0 116147 0 642914 0 0 0 MARK J MCKNIGHT CFO 178367 0 0 0 690 0 14692 0 32708 0 226457 0 0 0 BLAIR KAINE DIRECTOR OF ADVANCEMENT 155795 0 0 0 690 0 12396 0 46149 0 215030 0 0 0 GLENN E WHITMAN DIRECTOR OF CTTL, DEAN OF STUDIES 152519 0 0 0 447 0 12058 0 27805 0 192829 0 0 0 DAVID P BROWN ASST. HEAD OF SCHOOL 149539 0 0 0 690 0 12640 0 47813 0 210682 0 0 0 PART I, LINE 1A ROBERT KOSASKY, HEAD OF SCHOOL, IS REQUIRED TO LIVE IN A HOUSE LOCATED ON THE SCHOOL'S PREMISES FOR THE SCHOOL'S CONVENIENCE AND AS A CONDITION OF EMPLOYMENT. THIS BENEFIT WAS VALUED TO BE $62,439 AND IS INCLUDED AS A NON-TAXABLE BENEFIT. IN ADDITION, THE SCHOOL PROVIDED A DISCRETIONARY SPENDING ALLOWANCE, OF WHICH $946 WAS USED FOR ORGANIZATIONAL RELATED EXPENSES AND OTHER EXPENSES TO SUPPORT BUSINESS EVENTS AT THE HEAD OF SCHOOL'S RESIDENCE. THESE EXPENSES ARE NOT CONSIDERED TAXABLE. PART I, LINE 4B: IN LIEU OF ESTABLISHING A NON-QUALIFIED DEFERRED COMPENSATION PLAN IN ACCORDANCE WITH SECTION 457(F) OF THE INTERNAL REVENUE CODE, THE PARTIES HAVE AGREED TO ESTABLISH A SEPARATE ACCOUNT AT COMMONFUND, WHERE THE SCHOOL WILL INVEST CONTRIBUTION PAYMENTS (AS DEFINED BELOW) IN COMMONFUND'S MULTI-STRATEGY EQUITIES FUND, IN A SEPARATE ACCOUNT DESIGNATED AS 'SCHOOL FUND-HOS" (THE 'ACCOUNT"). AT ALL TIMES, THE ACCOUNT WILL BE OWNED BY, AND SUBJECT TO CLAIMS OF CREDITORS OF, THE SCHOOL. ACCORDINGLY, MR. KOSASKY SHALL NOT BE CONSIDERED FOR INCOME TAX PURPOSES TO BE IN RECEIPT OF AMOUNTS IN THE ACCOUNT UNTIL THEY ARE ACTUALLY PAID TO HIM. THE CONTRIBUTION PAYMENTS ("CONTRIBUTION PAYMENTS"), CONTINGENT UPON MR. KOSASKY'S CONTINUED EMPLOYMENT BY THE SCHOOL, WILL BE FUNDED BY THE SCHOOL AS FOLLOWS: $37,500 (PLUS MS EQUITIES FUND APPRECIATION SINCE JUNE 1, 2017) FOR THE 2016-2017 CONTRACT YEAR, PLUS $37,500 FOR THE 2017-2018 CONTRACT YEAR, WILL BE MADE ON MAY 31, 2018. SUBSEQUENT PAYMENTS OF $37,500 WILL BE MADE ON THE LAST BUSINESS DAY OF MAY EACH YEAR FOR THE 2018-2019, 2019-2020, 2020-2021 AND 2021-2022 CONTRACT YEARS. THE PARTIES ACKNOWLEDGE THAT THE ACCOUNT TOTAL AT ANY GIVEN TIME IS SUBJECT TO MARKET FLUCTUATION. IF, AFTER JUNE 30, 2016 BUT PRIOR TO JUNE 30, 2020, MR. KOSASKY TERMINATES HIS EMPLOYMENT OR IS TERMINATED BY THE SCHOOL FOR CAUSE PURSUANT TO THE TERMS OF THIS AGREEMENT, MR. KOSASKY IS NOT ELIGIBLE TO RECEIVE ANY OF THE ACCOUNT BALANCE. IF, ON JUNE 30, 2020, MR. KOSASKY IS EMPLOYED BY THE SCHOOL, THE SCHOOL WILL DISTRIBUTE TO MR. KOSASKY THE TOTAL BALANCE IN THE ACCOUNT AS OF JUNE 30, 2020, WITH PAYMENT THEREOF TO BE MADE NO LATER THAN JULY 31, 2020. IF ON JUNE 30, 2022, MR. KOSASKY IS EMPLOYED BY THE SCHOOL, THE SCHOOL WILL DISTRIBUTE TO MR. KOSASKY THE TOTAL BALANCE IN THE ACCOUNT AS OF JUNE 30, 2022, WITH PAYMENT THEREOF TO BE MADE NO LATER THAN JULY 31, 2022. IF PRIOR TO JUNE 30, 2022, MR. KOSASKY IS TERMINATED BY THE SCHOOL WITHOUT CAUSE OR IF THE AGREEMENT SHOULD NATURALLY TERMINATE PURSUANT TO THE TERMS OF THIS AGREEMENT, THE SCHOOL SHALL PAY MR. KOSASKY THE EXISTING ACCOUNT BALANCE AS OF THE DATE OF THE TERMINATION, WITH PAYMENT THEREOF TO BE MADE NO LATER THIRTY (30) DAYS AFTER THE DATE OF TERMINATION; PROVIDED, HOWEVER, IF THE THIRTY (30) DAY PERIOD BEGINS IN ONE YEAR AND ENDS IN A SUBSEQUENT YEAR, PAYMENT SHALL NOT BE MADE UNTIL THE SUBSEQUENT YEAR. THIS ARRANGEMENT IS CONSIDERED A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER IRS SECTION 409A. AS SUCH, MR. KOSASKY WILL BE TAXED ON THE FULL AMOUNT OF ANY DISTRIBUTION. A MONTGOMERY COUNTY MARYLAND 526000980 2015-05-01 23000000 REFUND 2010 BONDS, ACQUISITION AND CONSTRUCTION OF STUDENT CENTER 0 0 0 B MONTGOMERY COUNTY MARYLAND 526000980 2019-05-15 9000000 ACQUISITION AND CONSTRUCTION OF LOWER SCHOOL 0 0 0 A 623880 23000000 565597 15779819 6654484 2018 1 0 1 1 B 70708 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 0 ROBERT KOSASKY HEAD OF SCHOOL 25155 TUITION ASSISTANCE MARK MCKNIGHT CFO 17094 TUITION ASSISTANCE X 10 616495 FMV 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CONTROLLER, THE CHIEF FINANCIAL OFFICER, AND THE HEAD OF THE SCHOOL BEFORE FILING. IN ADDITION, PRIOR TO FILING THE FORM 990, A LINK TO A PASSWORD-PROTECTED WEBSITE WAS E-MAILED TO EACH MEMBER OF THE BOARD SO MEMBERS COULD REVIEW THE FORM 990 ONLINE. ALTHOUGH THE REVIEW COPY OF THE FORM 990 PROVIDED TO THE BOARD VIA THE WEBSITE EXCLUDES SCHEDULE B FOR PRIVACY REASONS, THE COMPLETE SCHEDULE B IS AVAILABLE TO THE BOARD MEMBERS UPON REQUEST IN THE OFFICE OF THE ORGANIZATION'S CHIEF FINANCIAL OFFICER. SCHEDULE B IS ALSO INCLUDED IN THE COPY OF THE FORM 990 REVIEWED BY THE CONTROLLER, THE CHIEF FINANCIAL OFFICER, THE HEAD OF SCHOOL, AND THE BOARD'S AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR ACKNOWLEDGING THAT THEY HAVE READ AND WILL ABIDE BY THE POLICY. THE POLICY REQUIRES EACH TO DISCLOSE THE EXISTENCE OF ANY CONFLICT AND RECUSE THEMSELVES FROM REVIEW AND DISCUSSION AND ANY VOTE ON ANY MATTER DIRECTLY AFFECTED BY THE CONFLICT. THE EXECUTIVE COMMITTEE OF THE BOARD, IN CONJUNCTION WITH THE HEAD OF SCHOOL MONITORS SITUATIONS WHERE A POTENTIAL CONFLICT COULD EXIST AND WOULD BE CHARGED WITH ENFORCING (ADDRESSING THE CONFLICT WITH THE INDIVIDUAL AND ASKING THEMSELVES TO RECUSE). THE BOARD MEMBERS THEMSELVES HAVE THE FIDUCIARY RESPONSIBILITY OF ALERTING THE BOARD WHEN AN INSTANCE ARISES AS WELL. THE POLICY/STATEMENT IS ALSO INCLUDED IN THE HARDCOPY BOARD OF TRUSTEES BINDERS THAT ARE PROVIDED TO THE TRUSTEES EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15A A SUBCOMMITTEE OF BOARD MEMBERS DETERMINES THE HEAD OF SCHOOL'S COMPENSATION, USING COMPARABLE MARKET DATA IN CONSULTATION WITH OUTSIDE COUNSEL, WHICH IS THEN REVIEWED AND APPROVED BY THE ENTIRE BOARD. THE HEAD OF SCHOOL DOES NOT PARTICIPATE IN THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: RECOVERY OF UNCOLLECTIBLE UNCONDITIONAL PROMISES TO GIVE 25,640. DECREASE IN DISCOUNT ON UNCONDITIONAL PROMISES TO GIVE 8,593. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.