2020-06-03T11:07:41-05:00 2019-06-30 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2018-07-01 540673568 THE LANGLEY SCHOOL INC LANG 7033561920 1411 BALLS HILL ROAD MCLEAN VA 221013499 GREG BOKMAN CHIEF FINANCIAL OFFICER 7033561920 2020-06-03 1 WILLIAM E TURCO CPA P00369217 3012963600 66.98.98.7 2020-06-03 08:43:11 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 00BFBB601F26E6691F3C42FDB75EEBE807206D5E 2018 2020-11-06 18:47:13Z THE LANGLEY SCHOOL ELINOR SCULLY 1411 BALLS HILL ROAD MCLEAN VA 221013499 42150023 0 X WWW.LANGLEYSCHOOL.ORG X 1942 VA TO PROVIDE EDUCATION TO PRESCHOOL THROUGH 8TH GRADE STUDENTS. 17 17 191 100 0 0 3674561 3798708 17541073 18448777 333561 351570 49698 91102 21598893 22690157 2023908 2049028 0 0 12191126 12154522 120000 180000 658817 4721236 4595814 19056270 18979364 2542623 3710793 46734770 50998923 14509245 14664533 32225525 36334390 X WE BELIEVE THAT EACH CHILD'S POTENTIAL IS BOUNDLESS AND EVERY CHILD CAN ACT WITH INTEGRITY, GENEROSITY, AND CONSIDERATION FOR OTHERS. WE REACH ACROSS MULTIPLE DISCIPLINES TO DISCOVER, AMPLIFY, AND EMBRACE THE TALENTS OF EVERY CHILD, EVERY DAY. BY NURTURING, SUPPORTING, AND ACADEMICALLY CHALLENGING OUR STUDENTS, OUR INCLUSIVE COMMUNITY BUILDS QUIETLY CONFIDENT, INDEPENDENT THINKERS WHO FLOURISH AS LEARNERS AND INDIVIDUALS. 0 0 14711437 2049028 18448777 OPERATION OF A PRIVATE SCHOOL FOR GRADES PRESCHOOL THROUGH 8TH SERVING OVER 470 STUDENTS. 14711437 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 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 32 0 1 191 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 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 CATHY BERNASEK CHAIR 2.00 X X 0 0 0 ZAC MERRIMAN VICE CHAIR/TREASURER 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 KEVIN BELL BOARD MEMBER 2.00 X 0 0 0 TATE CANTRELL 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 JENNIFER GRAHAM BOARD MEMBER 2.00 X 0 0 0 DAVID HALWIG BOARD MEMBER 2.00 X 0 0 0 DENISE HASELHORST BOARD MEMBER 2.00 X 0 0 0 SARA MAGNER BOARD MEMBER 2.00 X 0 0 0 PRESTON MILLER BOARD MEMBER 2.00 X 0 0 0 WENDY MOE BOARD MEMBER 2.00 X 0 0 0 KATE PINKERTON 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 ELINOR SCULLY HEAD OF SCHOOL 40.00 X 518434 0 34549 GREGORY BOKMAN CFO 40.00 X 202348 0 39240 PHILLIP PETRU ASST HEAD OF SCHOOL 40.00 X 166391 0 7850 AYESHA FLAHERTY DIR OF ENROLLMENT/COMMUNICATIONS 40.00 X 154725 0 12368 JINENE CHRISTIAN DIR OF DEVELOPMENT 40.00 X 139925 0 30461 MARGARET LAURENT HEAD OF LOWER SCHOOL 40.00 X 127337 0 30916 RYAN JEFFERSON HEAD OF MIDDLE SCHOOL 40.00 X 130925 0 10467 1440085 0 165851 14 0 1 0 FAIRFAX FOOD SERVICE & CATERERS PO BOX 418 NEWINGTON VA 22122 CATERING 267441 K&S MANAGEMENT AND SUPPLY 2110-B GALLOWS ROAD VIENNA VA 22182 JANITORIAL SERVICES 217153 2 211000 3587708 353153 3798708 TUITION FEES 900099 17868954 17868954 AUXILLIARY SERVICES 900099 579823 579823 18448777 382528 382528 19279629 19310587 -30958 -30958 -30958 238993 211000 149279 89714 89714 OTHER INCOME 900099 1388 1388 1388 22690157 18448777 0 442672 2049028 2049028 750253 531377 192553 26323 9049519 6555809 2122263 371447 685252 420106 265146 980665 601214 379451 688833 422301 266532 37533 37533 66464 66464 180000 180000 46058 46058 112697 75006 25943 11748 40615 27049 9356 4210 196560 130910 45277 20373 220562 213770 5447 1345 680604 658689 21915 195533 195533 189125 182737 5123 1265 1152178 1115078 37100 169527 164113 4342 1072 STUDENT ACTIVITIES 787256 787256 FOOD SERVICE 235432 235432 PROF. DEVELOPMENT 219881 182349 36417 1115 ALLOCATED OVERHEAD 0 -15 -14429 14444 245789 163695 56619 25475 18979364 14711437 3609110 658817 500 500 5863084 3479576 2666475 3620257 148027 88624 300203 344525 39409172 18408611 21459875 21000561 16296606 22464880 46734770 50998923 1116587 1240163 8561817 9105481 4821405 4300222 9436 18667 14509245 14664533 X 25445391 27235296 2400132 4381532 4380002 4717562 32225525 36334390 46734770 50998923 X 3710793 407303 -9231 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4923159 625060 370349 451985 5466583 3777016 945170 342297 141324 4923159 2999698 475271 432780 130733 3777016 2978471 145170 2994 126937 2999698 3138274 3451 13993 177247 2978471 0.86300 0.13700 0 0 209494 209494 33787703 14412053 19375650 3218744 2401095 817649 2193231 1595463 597768 21000561 INTERST RATE SWAP 18667 18667 X 21015618 407303 -2042304 -1635001 22650619 39538 39538 22690157 16897522 0 16897522 39538 2042304 2081842 18979364 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY. INVESTMENT EARNINGS ON THESE AMOUNTS ARE AVAILABLE TO SUPPORT FACULTY DEVELOPMENT, GENERAL OPERATIONS, AND FINANCIAL AID SCHOLARSHIPS. 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, 2019, 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 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT -2,042,304. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT 2,042,304. 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 ADVERTISEMENT WAS PLACED IN THE WASHINGTON POST NEWSPAPER ANNOUNCING THE SCHOOL'S NON-DISCRIMINATION POLICY. X X X X 1 COMPASS GROUP 2961A HUNTER MILL ROAD OAKTON VA 22124 PROVIDE STRATEGIC CAMPAIGN COUNSEL 0 0 180000 -180000 180000 -180000 VA SPRING AUCTION 428765 211000 217765 12278 65844 48861 FALL FAIR 21228 21228 22296 449993 211000 238993 12278 65844 71157 149279 89714 1 FINANCIAL AID 80 2042304 SUMMER GRANTS 5 6724 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. X 1 1 X X X 0 0 0 0 0 0 0 1 0 ELINOR SCULLY HEAD OF SCHOOL 359882 0 0 0 158552 0 28157 0 6817 0 553408 0 0 0 GREGORY BOKMAN CFO 201898 0 0 0 450 0 17052 0 23899 0 243299 0 0 0 PHILLIP PETRU ASST HEAD OF SCHOOL 166160 0 0 0 231 0 6670 0 1607 0 174668 0 0 0 AYESHA FLAHERTY DIR OF ENROLLMENT/COMMUNICATIONS 154600 0 0 0 125 0 12368 0 876 0 167969 0 0 0 JINENE CHRISTIAN DIR OF DEVELOPMENT 139806 0 0 0 119 0 11928 0 18958 0 170811 0 0 0 MARGARET LAURENT HEAD OF LOWER SCHOOL 126651 0 0 0 686 0 10930 0 21299 0 159566 0 0 0 PART I, LINE 1A ELINOR SCULLY RECEIVED A TAXABLE HOUSING ALLOWANCE OF $33,000 REPORTED IN PART II, COLUMN(B)(III). PART I, LINE 7 HEAD OF SCHOOL WAS PAID A RETENTION BONUS AS STATED PER THE EMPLOYMENT CONTRACT. BONUS WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. BONUSES OF DIRECT REPORTS TO THE HEAD OF SCHOOL ARE OFTEN PERFORMANCE BASED. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY SERIES 540787833 2011-12-21 11677982 REFINANCE OUTSTAINDING BOND SERIES 2001 0 0 0 A 7349608 11677982 4485000 5000000 2192982 2011 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 SUNTRUST 9.000000000000 0 0 0 0 1 A 1 X 13 353153 FMV 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION REVIEWS THE DRAFT FORMS 990, 990T AND STATE EQUIVALENTS 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. 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. 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). FORM 990, PART XI, LINE 9: UNREALIZED GAIN/(LOSS) ON SWAP AGREEMENT -9,231.