2020-05-06T11:47:34-05:00 2019-06-30 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2018-07-01 521453297 WASHINGTON EPISCOPAL DAY SCHOOL INC WASH 3016527878 5600 LITTLE FALLS PARKWAY BETHESDA MD 20816 DANIEL VOGELMAN HEAD OF SCHOOL 3016527878 2020-05-05 1 WILLIAM E TURCO CPA P00369217 3012963600 66.98.98.3 2020-05-05 08:05:50 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 00BFBB601F26E6691F3C42FDB75EEBE807206D5E 2018 2020-09-23 17:36:50Z WASHINGTON EPISCOPAL SCHOOL DANIEL VOGELMAN 5600 LITTLE FALLS PARKWAY BETHESDA MD 20816 11980710 0 X WW.W-E-S.ORG X 1986 DC WASHINGTON EPISCOPAL SCHOOL INSPIRES ACADEMIC AND PERSONAL EXCELLENCE WITHIN A JOYFUL LEARNING ENVIRONMENT TO DEVELOP STUDENTS WHO ARE KIND, CONFIDENT, AND PREPARED. 17 15 138 350 0 0 634166 623400 9344063 10082931 1049424 863221 324661 317569 11352314 11887121 1466792 1546624 0 0 6062460 6474254 0 0 440225 3144319 3448029 10673571 11468907 678743 418214 37312641 36621987 16760939 15825383 20551702 20796604 WASHINGTON EPISCOPAL SCHOOL INSPIRES ACADEMIC AND PERSONAL EXCELLENCE WITHIN A JOYFUL LEARNING ENVIRONMENT TO DEVELOP STUDENTS WHO ARE KIND, CONFIDENT, AND PREPARED. 0 0 8902575 1546624 9668744 CO-EDUCATIONAL DAY SCHOOL FOR STUDENTS FROM AGE 3 THROUGH GRADE 8. 301 STUDENTS, 170 SCHOOL DAYS. OBJECTIVE IS TO PREPARE STUDENTS FOR SUCCESS IN SECONDARY SCHOOL AND BEYOND. 236449 414187 SUMMER PROGRAM FOR CHILDREN AGE 3 THROUGH 14. 384 CAMPERS, 9 WEEKS EACH SUMMER. OBJECTIVE IS TO PROVIDE FUN, ENRICHING ACTIVITIES. 9139024 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 13 0 1 138 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 15 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MD X WENDY TASIN 3016527878 5600 LITTLE FALLS PARKWAY BETHESDA MD 20816 LES CARNEGIE CHAIR 10.00 X X 0 0 0 MARK BALL VICE-CHAIR 5.00 X X 0 0 0 STACIE DERAMUS SECRETARY 5.00 X X 0 0 0 KELLY NELSON TREASURER 5.00 X X 0 0 0 MAHMOUD BAH TRUSTEE 2.00 X 0 0 0 JON BAZEMORE TRUSTEE 2.00 X 0 0 0 THE REVEREND PRINCE DECKER TRUSTEE 2.00 X 0 0 0 TONYA FINTON TRUSTEE 2.00 X 0 0 0 ANASTASIA GEKIS TRUSTEE 2.00 X 0 0 0 M MICHELE HOGAN TRUSTEE 2.00 X 0 0 0 SCOTT MCMILLAN TRUSTEE 2.00 X 0 0 0 KATIE MEYER TRUSTEE 2.00 X 0 0 0 STACEY MILNE TRUSTEE 2.00 X 0 0 0 RAY SCHUPP TRUSTEE 2.00 X 0 0 0 KEELEY SNIDER TRUSTEE 2.00 X 0 0 0 LAURA STEUART TRUSTEE 2.00 X 0 0 0 DANIEL VOGELMAN TRUSTEE/HEAD OF SCHOOL 50.00 X X 263067 0 35372 T SUMNER WEYMOUTH FINANCE DIRECTOR 40.00 X 64021 0 4704 WILLIAM ISOLA DIRECTOR OF ATHLETICS 40.00 X 105294 0 10995 AMY BARNES BUSINESS DIRECTOR 40.00 X 100526 0 24108 532908 0 75179 3 0 1 0 RED COATS PO BOX 79579 BALTIMORE MD 21279 BUILDING CLEANING 129962 VIGNOLA'S GOURMET 11612 BOILING BROOK PL ROCKVILLE MD 20852 FOOD SERVICE 115663 2 135173 488227 12292 623400 TUITION AND FEES 900099 9668744 9668744 SUMMER CAMP FEES 900099 414187 414187 10082931 713221 713221 182017 2589 179428 179428 179428 150000 0 150000 150000 150000 156794 135173 91000 65794 65794 10350 0 10350 10350 OTHER INCOME 900099 61997 61997 61997 11887121 10082931 0 1180790 1546624 1546624 422934 317676 87069 18189 4675159 3511622 962470 201067 281332 211315 57918 12099 733267 550774 150957 31536 361562 271578 74434 15550 90142 19261 62775 8106 46508 19347 19019 8142 105233 105233 38522 16025 15753 6744 120836 50264 49419 21153 270680 112597 110697 47386 102861 77146 20572 5143 442966 343400 70909 28657 268899 262754 4303 1842 553571 539651 12031 1889 681782 664286 15122 2374 95489 39723 39050 16716 SUMMER CAMP EXPENSES 236449 236449 ENRICHMENT EXPENSES 159504 159504 CLASSROOM SUPPLIES 123144 123144 FOOD EXPENSES 43900 18262 17953 7685 67543 47622 13974 5947 11468907 9139024 1889658 440225 195 1149 3946684 3670873 447171 203790 162788 227912 38744770 11524033 27212093 27220737 545705 558574 4978005 4718952 20000 20000 37312641 36621987 988284 967846 2320263 1707353 13134662 12901252 317730 248932 16760939 15825383 X 19110348 19417269 1441354 1379335 20551702 20796604 37312641 36621987 X 418214 -234441 61129 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 126985 1784 3172 175 131766 119145 8263 8841 9264 126985 99935 7094 12116 119145 86668 15318 -2051 99935 86668 86668 1.00000 0 0 18283076 18283076 18285481 9728278 8557203 2176213 1795755 380458 27220737 TIFF-MULTI-ASSET 4718952 F 4718952 CAPITAL LEASE OBLIGATION 44215 INTEREST RATE SWAP 184717 DEFERRED COMPENSATION 20000 248932 X 10091823 -234441 -1546624 -1781065 11872888 105233 -91000 14233 11887121 9864210 91000 91000 9773210 105233 1590464 1695697 11468907 PART V, LINE 4: THE SCHOOL STARTED THE ALLEYNE MEMORIAL FUND DURING THE YEAR ENDED JUNE 30, 2015, TO MEMORIALIZE A TEACHER WHO PASSED AWAY DURING THE SCHOOL YEAR. THE INCOME FROM THE FUND WILL SUPPORT FINANCIAL AID. PART X, LINE 2: WES IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, WES IS SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME AS DEFINED BY THE INTERNAL REVENUE SERVICE. DURING THE YEARS ENDED JUNE 30, 2019 AND 2018, WES HAD NO TAXABLE UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES WAS REQUIRED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE LLC IS A SINGLE MEMBER LIMITED LIABILITY CORPORATION, WHICH IS A DISREGARDED TAX ENTITY AND, THEREFORE, IS GENERALLY NOT SUBJECT TO CORPORATE LEVEL INCOME TAXES. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE SCHOOL FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THE YEARS BEFORE 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION FOR FINANCIAL STATEMENT PRESENTATION -1,546,624. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON 8B -91,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON 8B 91,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION FOR FINANCIAL STATEMENT PRESENTATION 1,546,624. LEGAL AND ENGINEERING COSTS 43,840. 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 POLICY IS PUBLICIZED THROUGH PRINTED MATERIALS AND PERIODIC ADVERTISEMENTS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES SCHOOL SPONSORED OVERSEAS TRIP 124008 0 0 0 0 0 0 124008 0 124008 0 0 0 0 0 0 AUCTION 291967 135173 156794 37120 4000 49880 291967 135173 156794 37120 4000 49880 91000 65794 1 FINANCIAL AID 87 1493239 53385 FMV EXTENDED DAY, BOOKS & OTHER FEES PART I, LINE 2: APPLICATIONS FOR FINANCIAL AID ARE SENT TO AN INDEPENDENT RATING AGENCY FOR ANALYSIS AND PROCESSING. THE AGENCY PREPARES A REPORT THAT SUGGESTS A REASONABLE PARENT CONTRIBUTION BASED ON FINANCIAL NEED. THE FINANCIAL AID COMMITTEE EVALUATES THE REPORT AND AND CONSIDERS THE NEEDS OF RETURNING STUDENTS FIRST AND THEN NEW STUDENTS. THE AMOUNT OF THE GRANT IS DETERMINED BASED ON RECOMMENDATIONS WITHIN THE SCHOOL'S BUDGET LIMITATIONS. X 1 1 X X 0 0 0 0 0 0 0 1 0 DANIEL VOGELMAN TRUSTEE/HEAD OF SCHOOL 244102 0 15000 0 3965 0 20060 0 15692 0 298819 0 0 0 PART I, LINE 1A DANIEL VOGELMAN, HEAD OF SCHOOL RECEIVED NON-TAXABLE DISCRETIONARY SPENDING ACCOUNT. PART I, LINE 7 THERE WAS A PERFORMANCE BONUS APPROVED BY THE BOARD EXECUTIVE COMMITTEE FOR THE HEAD OF SCHOOL. 55765 FINANCIAL AID TUITION FORM 990, PART VI, SECTION A, LINE 4 1. THE WORD "CORPORATION" WAS CHANGED TO "SCHOOL" THROUGHOUT 2. ARTICLE II A. SECTION 3 B: TERM OR THE PA PRESIDENT CHANGED TO A COMBINED TOTAL OF 6 YEARS. B. SECTION 5: TRUSTEES EMERITUS MAY ATTEND ABOARD MEETINGS BY INVITATION OF BOARD CHAIR C. SECTION 7: ANNUAL MEETING HELD IN THE "SPRING" CHANGE FROM "APRIL" D. SECTIONS 14 AND 15 REWRITTEN; I. 14 IS NOW TITLED: REVIEW OF CONCERNS INVOLVING TRUSTEES. II. 15 IS TITLED: REMOVAL. III. NUMBERS FOR FOLLOWING SECTIONS CHANGED ACCORDINGLY 3. ARTICLE III A. SECTION 1: DELETED REFERENCE TO PRESIDENT AND VICE-PRESIDENT B. SECTION 5: SAME AS SECTION 1 C. SECTION 7: REMOVED PHRASE ABOUT THE TREASURER GIVING A BOND FOR THE FAITHFUL DISCHARGE OF THE TREASURER'S DUTIES TO THE END OF THE SENTENCE. D. SECTION 8: I. TIGHTENED UP LANGUAGE ABOUT WHERE MINUTES ARE KEPT, TO WHOM THEY ARE GIVEN, AND BY WHAT DEADLINE. II. REMOVED REFERENCE TO THE SEAL OF THE SCHOOL E. SECTION 10: DELETED: DANNY IS CONSIDERED AN OFFICER. HIS POSITION IS CLARIFIED IN ARTICLE IV. 4. ARTICLE IV A. HEAD OF SCHOOL EMPLOYMENT MENTIONED (SEE PREVIOUS BULLET) 5. ARTICLE V A. TASK FORCES ADDED THE LIST OF COMMITTEES THE BOARD CAN CREATE B. BOARD SHALL APPOINT CHAIR AND MEMBERS (MEMBER IS NEW) C. AUDIT COMMITTEE: DELETED THE WORDING "WHO SHALL OPERATE PURSUANT TO A BOARD-APPROVED CHARTER." D. TRUSTEES COMMITTEE: REMOVED ADVISORY BOARD FROM LIST OF BYLAWS THE BOARD SHALL REVIEW, REPLACED THE LAST PHRASE WITH AND REVIEWING AND INVESTIGATING ANY COMPLAINT ABOUT TRUSTEES. E. DELETED STEWARDSHIP SECTION 6. ARTICLE IX A. ADDED "NONPROFIT" BEFORE CORPORATION LAWS OF THE DISTRICT OF COLUMBIA. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DRAFT IS APPROVED BY THE BOARD CHAIR AND TREASURER. THE FORM 990 IS DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C UPON APPOINTMENT, EACH MEMBER OF THE BOARD OF TRUSTEES IS ASKED TO COMPLETE AND EXECUTE AN ACKNOWLEDGEMENT OF THE SCHOOL'S CONFLICT OF INTEREST POLICY THAT GOVERNS THEIR APPOINTMENT THROUGH THE END OF THEIR TERM. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT ESTABLISHED A BASE SALARY AND BENEFITS, DETERMINED BY COMPARISONS TO SALARIES AND BENEFITS FOR HEADS WITH SIMILAR YEARS OF EXPERIENCE AT SIMILAR INDEPENDENT SCHOOLS IN THE DC AREA. THE BOARD OF TRUSTEES ADJUSTS THE HEAD OF SCHOOL'S COMPENSATION EACH YEAR BASED ON AN ANNUAL EVALUATION OF THE HEAD'S PERFORMANCE. THE BOARD CONSIDERS IN THIS REVIEW FEEDBACK FROM THE ADMINISTRATIVE TEAM, A SELF-EVALUATION PROVIDED BY THE HEAD, THE COMPENSATION CHANGE PREVIOUSLY DETERMINED BY THE BOARD FOR ALL OTHER FACULTY AND STAFF, AND ANY OTHER INFORMATION RELEVANT TO THE BOARD'S EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE SCHOOL'S BYLAWS AND FINANCIAL STATEMENTS ARE MADE 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: GAIN (LOSS) ON INTEREST RATE SWAP 61,129. WES FINANCE LLC 5600 LITTLE FALLS PKWY BETHESDA MD 20816 454907099 HOLDING WASHINGTON EPISCOPAL DAY SCHOOL, INC.'S DEBT MD 0 12910002 WASHINGTON EPISCOPAL DAY SCHOOL INC