2020-02-25T18:08:20-06:00 2019-06-30 521197902 MULLEN SONDBERG WIMBISH & STONE PA 888 BESTGATE ROAD SUITE 310 ANNAPOLIS MD 21401 990 2018-07-01 520591466 SEVERN SCHOOL INC SEVE 4106477701 201 WATER STREET SEVERNA PARK MD 21146 DOUGLAS LAGARDE HEADMASTER 4106477700 2020-02-25 1 PHILIP J WIMBISH JR CPA P01285171 4102244920 2020-02-25 64.88.174.3 2020-02-25 17:39:49 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C9FEF77397CDB3992879F325773806B073260F99 2018 2020-09-23 17:36:50Z DOUGLAS LAGARDE 201 WATER STREET SEVERNA PARK MD 21146 25989581 0 X WWW.SEVERNSCHOOL.COM X 1938 MD TO PROVIDE EDUCATION TO STUDENTS YEARS PRE-K THROUGH TWELVE. 25 25 295 400 0 0 1062075 1344615 21094633 21897843 802627 620543 341436 361468 23300771 24224469 2607786 2626436 0 0 13962158 14299546 0 0 984333 5999369 6057336 22569313 22983318 731458 1241151 65321861 65851334 16492504 15337876 48829357 50513458 AN INDEPENDENT, CO-ED SCHOOL PROVIDING EDUCATION TO STUDENTS IN YEARS PRE-K THROUGH TWELVE. 0 0 19195271 2626436 21897843 EDUCATIONAL - PROVIDE EDUCATION FOR STUDENTS YEARS PRE-K THROUGH TWELVE. 19195271 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 56 0 1 295 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X THE ORGANIZATION 4106477700 201 WATER STREET SEVERNA PARK MD 21146 MR THOMAS L CARTER III CHAIRMAN 3.00 X X 0 0 0 MR JAMES M MURPHY VICE CHAIRMAN 3.00 X X 0 0 0 MS JENNY BAKER SECRETARY 3.00 X X 0 0 0 MR JAMES P O'HARE TREASURER 3.00 X X 0 0 0 MR SCOTT T BASS TRUSTEE 3.00 X 0 0 0 MR CHARLES A BELO TRUSTEE 3.00 X 0 0 0 MR DAVID CAHOUET TRUSTEE 3.00 X 0 0 0 MRS CATHERINE DEA CODE TRUSTEE 3.00 X 0 0 0 MS ROBYN M FORMICA TRUSTEE 3.00 X 0 0 0 HON BETH P GESNER TRUSTEE 3.00 X 0 0 0 MRS LYNNE M HARDING TRUSTEE 3.00 X 0 0 0 MR KENT L HOLTGREWE TRUSTEE 3.00 X 0 0 0 MR J KIRK JAY TRUSTEE 3.00 X 0 0 0 MR JONATHAN P KAGAN TRUSTEE 3.00 X 0 0 0 MRS LISA S KAHAN TRUSTEE 3.00 X 0 0 0 DR KATHERINE GRAW LAMOND TRUSTEE 3.00 X 0 0 0 MR R ANDREW LARKIN JR TRUSTEE 3.00 X 0 0 0 MR JON M MAHAN TRUSTEE 3.00 X 0 0 0 MRS JENNIFER L MANN TRUSTEE 3.00 X 0 0 0 MR SHAUN R MATHIS TRUSTEE 3.00 X 0 0 0 MR SHERWOOD E PAGE TRUSTEE 3.00 X 0 0 0 MR ERIC V PIKUS TRUSTEE 3.00 X 0 0 0 MR JOHN C STAMATO TRUSTEE 3.00 X 0 0 0 DR DIANE C SWEENEY TRUSTEE 3.00 X 0 0 0 MR ERIC VEIEL TRUSTEE 3.00 X 0 0 0 MR DOUGLAS LAGARDE HEADMASTER 40.00 X 400354 0 47807 MR TERRY DEL PRETE DIR. OF BUSINESS AND FINANCE 40.00 X 183445 0 45140 MS BEATRICE FULLER HEAD, UPPER SCHOOL 40.00 X 141398 0 20028 MR SHANNON HOWELL DIRECTOR OF DEVELOPMENT 40.00 X 134115 0 60726 MS LISE CHARLIER DIRECTOR OF STUDIES 40.00 X 126138 0 10794 MS MARY GREEN DIRECTOR OF ADVANCEMENT 40.00 X 122425 0 32647 MS CATHY NORTH HEAD, LOWER SCHOOL 40.00 X 108476 0 62674 1216351 0 279816 8 0 1 0 BROCK AND COMPANY INC 257 GREAT VALLEY PARKWAY MALVERN PA 19355 DINING SERVICES 377438 CP CLEANING SERVICE INC 806 BALTIMORE ANNAPOLIS BLVD SEVERNA PARK MD 21146 CLEANING SERVICES 247070 AMP SYSTEMS LLC PO BOX 4593 CROFTON MD 21114 IT MAINTENANCE 139550 GENERAL AND MECHANICAL SERVICES 1007 SKIDMORE DR ANNAPOLIS MD 21401 MECHANICAL SERVICES 131638 HORD COPLAN MACHT INC 700 EAST PRATT ST STE 1200 BALTIMORE MD 21202 ARCHITECTURE SERVICES 130838 6 1344615 69305 1344615 TUITION/FEES 900099 21897843 21897843 21897843 504102 504102 195700 0 195700 195700 195700 1771918 1655477 116441 116441 116441 261105 109635 151470 151470 MISCELLANEOUS REVENUE 900099 14298 14298 14298 24224469 21897843 0 982011 2626436 2626436 676746 676746 10444316 8854426 1066543 523347 791233 675110 76220 39903 1624824 1402314 107566 114944 762427 612870 112854 36703 68488 68488 56666 56666 261489 199992 61070 427 167783 167783 911947 800569 91321 20057 757420 635639 114796 6985 188672 163190 12063 13419 614971 357854 81968 175149 341429 310701 27314 3414 1723933 1568928 137764 17241 115184 106171 8012 1001 REPAIRS, MAINTENANCE, A 623365 578694 40912 3759 MISCELLANEOUS 210989 134594 63411 12984 BAD DEBTS 15000 15000 22983318 19195271 2803714 984333 3190350 1511841 911555 3415039 875041 630395 241155 237138 28810 6803 193152 227194 61249366 17599932 45112595 43649434 14162042 14972762 564513 1157330 42648 43398 65321861 65851334 1279857 1322366 2310712 2518561 11586760 10927472 1215834 461174 99341 108303 16492504 15337876 X 36611922 38065817 5415885 5415758 6801550 7031883 48829357 50513458 65321861 65851334 1241151 442950 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13806211 230333 958914 495460 14499998 12897557 269806 1133697 494849 13806211 11713918 128570 1516184 461115 12897557 11510849 256270 363927 417128 11713918 11169434 249803 462200 370588 11510849 0.20950 0.48500 0.30550 0 0 3718542 3718542 53664286 15460817 38203469 3582429 2139115 1443314 284109 284109 43649434 DEFERRED COMPENSATION 103197 CAPITAL LEASE 5106 108303 X 22040983 442950 -2626436 -2183486 24224469 0 24224469 20356882 0 20356882 2626436 2626436 22983318 PART V, LINE 4: THE SCHOOL INTENDS TO USE THE ENDOWMENT FUNDS TO SUPPLEMENT THE ANNUAL OPERATIONS OF THE SCHOOL AS WELL AS FULFILL DONOR RESTRICTIONS PLACED ON ENDOWMENTS. PART X, LINE 2: THE SCHOOL FOLLOWS THE GUIDANCE OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR THE RECOGNITION AND MEASUREMENT OF THE BENEFITS OF INDIVIDUAL TAX POSITIONS IN THE FINANCIAL STATEMENTS, INCLUDING THOSE OF NON-PROFIT ORGANIZATIONS. TAX POSITIONS MUST MEET A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT IN ORDER FOR THE BENEFIT TO BE RECOGNIZED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL ANALYZES TAX POSITIONS TAKEN, INCLUDING THOSE RELATED TO THE REQUIREMENTS SET FORTH IN IRC SEC. 501(C) TO QUALIFY AS A TAX-EXEMPT ORGANIZATION, ACTIVITIES PERFORMED BY VOLUNTEERS AND BOARD MEMBERS, THE REPORTING OF UNRELATED BUSINESS INCOME, AND ITS STATUS AS A TAX-EXEMPT ORGANIZATION UNDER MARYLAND STATE STATUTE. THE SCHOOL DOES NOT KNOW OF ANY TAX BENEFITS ARISING FROM UNCERTAIN TAX POSITIONS AND THERE WAS NO EFFECT ON THE SCHOOL'S FINANCIAL POSITION OR CHANGES IN NET ASSETS AS A RESULT OF ANALYZING ITS TAX POSITIONS. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2016 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -2,626,436. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,626,436. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NONDISCRIMINATORY POLICY PUBLISHED ANNUALLY IN AREA NEWSPAPER. AUCTION 204011 204011 73947 GOLF TOURNAMENT 55610 55610 24432 2 1484 1484 11256 261105 261105 109635 109635 151470 1 FINANCIAL AID FOR STUDENTS 209 2626436 TUITION FEE SCHEDULE TUITION SCHOLARSHIPS & TUITION REMISSION PART I, LINE 2: THE SCHOOL MONITORS THE USE OF GRANT FUNDS ON A YEARLY BASIS. TUITION ASSISTANCE AND REMISSION IS AWARDED ON AN ANNUAL BASIS BY A COMMITTEE AND IS BASED UPON STUDENT NEED AND ELIGIBILITY. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MR DOUGLAS LAGARDE HEADMASTER 400354 0 0 0 0 0 30361 0 17446 0 448161 0 0 0 MR TERRY DEL PRETE DIR. OF BUSINESS AND FINANCE 183445 0 0 0 0 0 19250 0 25890 0 228585 0 0 0 MS BEATRICE FULLER HEAD, UPPER SCHOOL 141398 0 0 0 0 0 12097 0 7931 0 161426 0 0 0 MR SHANNON HOWELL DIRECTOR OF DEVELOPMENT 134115 0 0 0 0 0 12234 0 48492 0 194841 0 0 0 MS MARY GREEN DIRECTOR OF ADVANCEMENT 122425 0 0 0 0 0 10668 0 21979 0 155072 0 0 0 MS CATHY NORTH HEAD, LOWER SCHOOL 108476 0 0 0 0 0 9874 0 52800 0 171150 0 0 0 PART I, LINE 1A AS IS NORMAL AND CUSTOMARY WITH SCHOOLS, THE HEADMASTER OF SEVERN SCHOOL (DOUGLAS LAGARDE) IS PROVIDED WITH HOUSING FOR THE CONVENIENCE OF THE SCHOOL AND IS A CONDITION OF EMPLOYMENT (PER EMPLOYMENT CONTRACT) THAT THE HEADMASTER RESIDE IN THE HOUSE PROVIDED. THE HEADMASTER'S HOME IS USED FOR MANY SCHOOL ACTIVITIES INCLUDING HOSTING EVENTS FOR STUDENTS, FACULTY, AND SUPPORTERS. THE CALCULATED NONTAXABLE BENEFIT RECIEVED BY THE HEADMASTER FOR THE PERSONAL USE OF THE HOUSING AMOUNTED TO APPROXIMATELY $60,000. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 000000000 2016-08-31 13800000 REFUND PRIOR BONDS AND REFINANCE NOTE 0 0 0 A 2688000 13800000 13800000 2016 1 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 X 1 11905 HIGH/LOW AVERAGE VALUE X 1 57400 BLENDED FAIR VALUE 1 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT/FINANCIAL COMMITTEE SHALL REVIEW AND APPROVE THE IRS FORM 990 ANNUAL TAX FILING PRIOR TO SUBMISSION, AND THE FULL BOARD WILL BE ABLE TO ACCESS AND VIEW THE 990 THROUGH A DOCUMENT PORTAL PRIOR TO FILING. THE HEADMASTER SHALL SIGN AND CERTIFY THAT THE IRS FORM 990 IS ACCURATE AND COMPLETE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES TO REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE AND SIGN AN ANNUAL DISCLOSURE QUESTIONNAIRE. FORM 990, PART VI, SECTION B, LINE 15 THE BYLAWS OF SEVERN SCHOOL ESTABLISHED A PESONNEL COMMITTEE THAT HAS GENERAL OVERSIGHT OF THE SCHOOL'S HUMAN RESOURCE PLAN. SPECIFIC DUTIES INCLUDE YEARLY EVALUATION OF THE FACULTY COMPENSATION SCALES/RANGE AS WELL AS THE RANGES FOR STAFF ADMINISTRATORS. COMPETENT SALARY SURVEY(S) OF INDEPENDENT AND OTHER SCHOOLS ARE USED TO BENCHMARK COMPENSATION FOR FACULTY COMPENSATION. FOR THE ADMINISTRATOR COMPENSATION LEVELS, THE COMMITTEE USES THE DATA PROVIDED BY THE ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS (AIMS) IF AVAILABLE AS A GUIDE. THE EXECUTIVE COMMITTEE OF THE BOARD MEETS TO DISCUSS THE COMPENSATION PACKAGE FOR THE HEAD OF SCHOOL USING DATA PROVIDED BY AIMS AS WELL AS OTHER INFORMATION THEY FIND IN THEIR RESEARCH. THE EXECUTIVE COMMITTEE PERFORMS THE ANNUAL EVALUATION OF THE HEADMASTER. THE EXECUTIVE COMMITTEE PRESENTED ITS FINDINGS AND RECOMMENDATIONS TO THE FULL BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO PUBLIC INSPECTION UPON WRITTEN REQUEST. 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 WRITTEN REQUEST. PART XII LINE 2C THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT AUDITOR AND ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.