2020-04-17T15:06:58-05:00 2019-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2018-07-01 526001577 MCDONOGH SCHOOL INCORPORATED MCDO 4103630600 PO BOX 380 OWINGS MILLS MD 211170380 SHERRI VOELKEL CHIEF FINANCIAL OFFICER 4103630600 2020-04-17 1 LORI S BURGHAUSER P00370694 4104031500 2020-04-17 68.33.106.243 2020-04-17 14:55:55 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D598169B7B70477E3779F4FD99F3BFF6A447919F 2018 2020-11-06 18:47:13Z SHERRI VOELKEL PO BOX 380 OWINGS MILLS MD 211170380 77774618 0 X WWW.MCDONOGH.ORG X 1873 MD PROVIDE EXCEPTIONAL EDUCATION INSPIRING A PASSION FOR LEARNING, GROWTH & A COMMITTMENT TO EXCELLENCE. 33 31 972 275 20475 17779 13923122 12271978 45528468 47184730 5884789 10251023 1241232 750512 66577611 70458243 9137016 6505244 0 0 29996549 34886392 142220 73751 3628033 18283419 17520299 57559204 58985686 9018407 11472557 220203288 230223914 44587090 49688131 175616198 180535783 X SITUATED ON A BEAUTIFUL 800 ACRE CAMPUS IN OWINGS MILLS MD, MCDONOGH SCHOOL IS A COEDUCATIONAL, COLLEGE PREPARATORY, INDEPENDENT PREKINDERGAREN THROUGH 12 SCHOOL WITH AN OPTIONAL FIVE-DAY BOARDING PROGRAM FOR STUDENTS IN GRADES 9-12. MCDONOGH SCHOOL IS A COMMUNITY THAT FINDS JOY IN WORK, IN PLAY, IN DISCOVERY, AND IN THE REALIZATION OF PERSONAL POTENTIAL. STRONG, MUTUALLY RESPECTFUL RELATIONSHIPS INSPIRE A PASSION FOR TEACHING AND LEARNING, A DEDICATION TO PERSONAL INTEGRITY, AND A COMMITMENT TO EXCELLENCE. EMBRACING DIVERSITY OF BACKGROUND, CULTURE, AND THOUGHT, THE SCHOOL BUILDS UPON ITS FOUNDER'S ORIGINAL MISSION TO PROVIDE LIFE-ALTERING OPPORTUNITIES AND TO DEVELOP IN STUDENTS THE WILL "TO DO THE GREATEST POSSIBLE AMOUNT OF GOOD." 0 0 46288978 6505244 47184730 MCDONOGH SCHOOL IS A HIGHLY REGARDED COEDUCATIONAL, INDEPENDENT SCHOOL WITH APPROXIMATELY 1,400 STUDENTS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE. AN OPTIONAL FIVE-DAY BOARDING PROGRAM IS AVAILABLE FOR STUDENTS IN GRADES 9-12. MCDONOGH'S ACADEMIC PROGRAM IS DESIGNED TO FOSTER A LOVE OF LEARNING. THE LOWER SCHOOL PROVIDES A SOLID FOUNDATION WITH AN EMPHASIS ON READING, WRITING, AND MATHEMATICS. TEACHERS WELCOME CHILDREN AS INDIVIDUALS, TAILORING THE ACADEMIC CURRICULUM TO DEVELOP THEIR FULL POTENTIAL-INTELLECTUALLY, PHYSICALLY, SOCIALLY, AND EMOTIONALLY. THE MIDDLE SCHOOL BUILDS ON THAT FOUNDATION WITH APPRECIATION FOR THE INTELLECTUAL, PHYSICAL, SOCIAL, AND EMOTIONAL NEEDS OF YOUNG ADOLESCENTS. STUDENTS LEARN THE ELEMENTS OF RESPONSIBLE SCHOLARSHIP IN READING, ENGLISH, WORLD LANGUAGES, MATHEMATICS, SCIENCE, SOCIAL STUDIES, AND TECHNOLOGY. THE UPPER SCHOOL COMBINES RIGOROUS ACADEMICS WITH A WIDE VARIETY OF EXTRACURRICULAR ACTIVITIES. IN AN ENVIRONMENT THAT FOSTERS VERSATILITY, STUDENTS SELECT HONORS AND ADVANCED PLACEMENT COURSES, DEVELOP THEIR ATHLETIC AND ARTISTIC ABILITIES, LEARN LEADERSHIP AND TEAMWORK SKILLS, AND GRADUATE WELL PREPARED FOR COLLEGE.FORM 990, PART VI, SECTION B, LINE 10A:THE POLICIES DESCRIBED IN PART VI, SECTION B, LINES 10A-16B APPLY TO MCDONOGH SCHOOL, INC. AND ITS AFFILIATE AS LISTED BELOW: FOLIO NETWORK, LLC 46288978 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 1 0 0 0 1 187 0 972 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 31 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MD X SHERRI VOELKEL 4103630600 8600 MCDONOGH ROAD OWINGS MILLS MD 21117 HOWARD S KLEIN PRESIDENT 1.00 0.00 X X 0 0 0 ROBERT L YOUNG III VICE PRESIDENT 1.00 0.00 X X 0 0 0 MICHAEL W CUMMINGS TREASURER 1.00 0.00 X X 0 0 0 H STACEY BOYER SECRETARY 1.00 0.00 X X 0 0 0 EDWARD S AHN MD MEMBER 1.00 0.00 X 0 0 0 ROBERT A BAVAR MEMBER 1.00 0.00 X 0 0 0 ROBERT W BLACK III MEMBER 1.00 0.00 X 0 0 0 STEVEN K BREEDEN MEMBER 1.00 0.00 X 0 0 0 CURTIS H CORNWELL MEMBER 1.00 0.00 X 0 0 0 LEIGH ANN CURL MD MEMBER 1.00 0.00 X 0 0 0 IRVIN DEANDREI DRUMMOND MEMBER 1.00 0.00 X 0 0 0 MICHAEL S FADER MEMBER 1.00 0.00 X 0 0 0 MICHAEL FALCONE MEMBER 1.00 0.00 X 0 0 0 KRISTIN FINKELSTEIN MEMBER 1.00 0.00 X 0 0 0 MICHAEL I GREENEBAUM MEMBER 1.00 0.00 X 0 0 0 BRETT INGERMAN MEMBER 1.00 0.00 X 0 0 0 JOSHUA P JONES-DILWORTH MEMBER 1.00 0.00 X 0 0 0 HARRY KASSAP MEMBER 1.00 0.00 X 0 0 0 STANLEY J KRASKA JR MEMBER 1.00 0.00 X 0 0 0 RICHARD E LEVINE MEMBER 1.00 0.00 X 0 0 0 JOHN A LUETKEMEYER JR MEMBER 1.00 0.00 X 0 0 0 JOHN O MITCHELL IV MEMBER 1.00 0.00 X 0 0 0 COURTNEY S MULLER MEMBER 1.00 0.00 X 0 0 0 STEVEN OH MEMBER 1.00 0.00 X 0 0 0 CALLIE J RAHMAN MEMBER 1.00 0.00 X 0 0 0 PATRICIA RAKSIN MEMBER 1.00 0.00 X 0 0 0 HENRY A ROSENBERG JR MEMBER 1.00 0.00 X 0 0 0 DAVID D ROTHSCHILD MEMBER 1.00 0.00 X 0 0 0 RICHARD B SILBERSTEIN MEMBER 1.00 0.00 X 0 0 0 VINCENT TALBERT MEMBER 1.00 0.00 X 0 0 0 TAYMOUR TAMADDON MEMBER 1.00 0.00 X 0 0 0 CLIVE WILLIAMS MEMBER 1.00 0.00 X 0 0 0 SAMUEL H WRIGHT MEMBER 1.00 0.00 X 0 0 0 DAVID J FARACE HEAD OF SCHOOL 60.00 0.00 X 269427 0 36227 SHERRI VOELKEL CHIEF FINANCIAL OFFICER 50.00 0.00 X 207065 0 32754 CHARLES W BRITTON FORMER HEAD OF SCHOOL/DONOR & ALUMNI REL. LIAISON 40.00 0.00 X 489582 0 68031 JOHN BRAD SHELLEY ASSOCIATE HEADMASTER 50.00 0.00 X 187307 0 104390 KERRY JOHNSTON DIRECTOR OF DEVELOPMENT 50.00 0.00 X 162134 0 67029 DARREN FORD HEAD OF MIDDLE SCHOOL 50.00 0.00 X 138033 0 25390 EUNICE DEEGAN CO-DIRECTOR OF ATHLETICS 50.00 0.00 X 128726 0 16244 MERRITT A LIVERMORE HEAD OF UPPER SCHOOL 50.00 0.00 X 122014 0 34238 MATTHEW G MACMULLAN CO-DIRECTOR OF ATHLETICS 50.00 0.00 X 116406 0 32227 BARBARA ROBINS HEAD OF LOWER SCHOOL 50.00 0.00 X 115816 0 27922 1936510 0 444452 13 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLE MD 21093 FOOD SERVICES 2108858 BOWIE GRIDLEY ARCHITECTS PLLC 1010 WISCONSIN AVENUE NW WASHINGTON DC 20007 ARCHITECTURAL SERVICES 345925 WF MILLER CO 106 LONGDALE ROAD TIMONIUM MD 21093 GENERAL CONTRACTING 291041 EVOLUTION MEDIA GROUP LLC PO BOX 401 LOGANVILLE PA 173420401 ADVERTISING 187258 SEH EXCAVATING CONTRACTORS INC 2940 DEDE RD FINKSBURG MD 21048 EXCAVATION 158377 10 21205 31298 12219475 2595434 12271978 TUITION AND FEES 611710 41826308 41826308 INSTRUCTIONAL CAMPS 611710 2446800 2446800 RIDING PROGRAM/HORSE SHOWS 611710 1188678 1188678 STUDENT SUPPORT 611710 1065250 1065250 CAMPUS HOUSING 611710 449757 449757 207937 207937 47184730 1452181 20475 1431706 24846 24846 106651 106651 613809 326708 287101 287101 287101 15527988 25495 6779487 0 8748501 25495 8773996 8773996 18630 21205 24411 -5781 -5781 342062 185769 156293 156293 MISCELLANEOUS REVENUE 611710 176147 176147 INSURANCE PROCEEDS 611710 30101 30101 206248 70458243 47184730 20475 10981060 6505244 6505244 1837269 577276 1259993 24355939 21250289 2379263 726387 1194562 949683 212505 32374 5767468 4558946 902877 305645 1731154 1476490 183677 70987 263400 263400 156013 156013 73751 73751 145170 145170 386967 375118 11849 119660 93053 26607 277980 175317 92445 10218 732593 138609 593984 3148179 2532129 465720 150330 118198 40168 42224 35806 1269531 1269531 3829029 3054552 587313 187164 412120 131166 280954 UBI TAX EXPENSE 6331 6331 DINING MEALS 1668489 1268610 303242 96637 STUDENT ACTIVITIES 884149 884149 ACADEMIC SUPPORT AND SU 787468 787468 3315022 2067987 568294 678741 58985686 46288978 9068675 3628033 2752748 5781522 2040790 5126401 4011418 4979320 539683 445029 741603 493731 113150 154390 996696 1443540 131605785 42252938 87989323 89352847 101677771 103296040 8113983 7758648 11226123 11392446 220203288 230223914 2491478 2562717 11149308 9333562 29006569 37451692 1939735 340160 44587090 49688131 X 95321723 94931128 38983007 43351307 41311468 42253348 175616198 180535783 220203288 230223914 X 11472557 -6762134 209162 X X 0 1 X 1 0 X 6582898 9088314 7777078 13923122 12271978 49643390 6582898 9088314 7777078 13923122 12271978 49643390 9196133 40447257 1603541 1928690 1990242 2515176 2176975 10214624 39207 27938 10900 15791 17779 111615 391425 263117 404383 554368 566940 2180233 62149862 217939382 0.65080 0.60750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47875 237400 X 0 74417759 1134639 2121806 3299952 74374252 68796551 2941055 5864572 3184419 74417759 63594466 1754632 6747954 3300501 68796551 66559638 1374872 -1172535 3167509 63594466 68373579 342442 938917 3095300 66559638 0.10760 0.55090 0.34150 0 0 76038 76038 96805756 30206530 66599226 21640001 5331607 16308394 10796792 6714801 4081991 2287198 2287198 89352847 ANNUITIES PAYABLE 760944 CONSTRUCTION FEES PAYABLE 69786 DEFERRED FINANCING COSTS -490570 340160 X 54866072 -6762134 233379 259120 -6269635 61135707 9322536 9322536 70458243 49946487 233379 -9127408 -8894029 58840516 145170 145170 58985686 PART III, LINE 4: ARTWORK AND ANTIQUES ARE AVAILABLE TO PROVIDE STUDENTS WITH ART EDUCATION ENRICHMENT. PART V, LINE 4: THE SCHOOL'S ENDOWMENTS CONSIST OF VARIOUS FUNDS ESTABLISHED TO SUPPORT A VARIETY OF SCHOLARSHIPS AND PROFESSIONAL DEVELOPMENT AT THE SCHOOL. PART X, LINE 2: ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS 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 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: CHANGE IN VALUE OF ASSETS HELD IN ANNUITY TRUSTS 259,120. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE NETTED WITH REVENUE 6,505,244. INVESTMENT EXPENSES NETTED WITH INVESTMENT REVENUE 145,170. COST OF GOODS SOLD -185,769. SPECIAL EVENT EXPENSE -24,411. RENTAL EXPENSES -326,708. CHANGE IN CSV OF LIFE INSURANCE -15,174. EMPLOYEE TUITION REMISSION 3,224,184. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME 326,708. CHANGE IN MARKET VALUE OF INTEREST RATE SWAP 65,132. SPECIAL EVENT EXPENSES 24,411. COST OF GOOD SOLD 185,769. FINANCIAL AID EXPENSE NETTED WITH REVENUE -6,505,244. EMPLOYEE TUITION REMISSION -3,224,184. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED WITH INVESTMENT REVENUE 145,170. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 MCDONOGH SCHOOL HAS PUBLISHED ITS RACIAL NONDISCRIMINATION POLICY IN ALL MEDIA THROUGH WHICH IT ADVERTISES CENTRAL AMERICAN AND THE CARIBBEAN 0 0 INVESTMENTS 6368031 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM STUDENT TRIP, STUDENT RECRUITMENT, AND SERVICE FEE 47078 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM STUDENT RECRUITMENT AND TRIP 14388 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM OUTDOOR ADVENTURE 6040 0 0 0 0 0 0 6435537 0 6435537 0 0 1 0 0 0 X X X X X X 1 MARTS & LUNDY 1200 WALL ST WEST 5TH FL LYNDHURST NJ 07071 CONSULTING SERVICE 0 0 73751 -73751 73751 -73751 MD ALUMNI GOLF OUTING 39835 21205 18630 3581 7235 13595 39835 21205 18630 3581 7235 13595 24411 -5781 SCHEDULE G, PART I, LINE 2B, COLUMN (V) MARTS AND LUNDY PERFORMED A CAMPAIGN FEASIBILITY STUDY AND CAMPAIGN CONSULTING SERVICES. THEY DID NOT SOLICIT FUNDS ON THE SCHOOL'S BEHALF. 1 SCHOLARSHIP GRANTS AND TUITION SUPPORT 315 6505244 CASH GRANTED NON-EMPLOYEE SCHOLARSHIPS AND FINANCIAL AID PART I, LINE 2: SCHOLARSHIPS ARE GRANTED BASED ON FINANCIAL NEED AND SCHOLASTIC APTITUDE. TUITION ASSISTANCE IS MONITORED THROUGH STUDENT BILLING. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DAVID J FARACE HEAD OF SCHOOL 269202 0 0 0 225 0 12385 0 23842 0 305654 0 0 0 SHERRI VOELKEL CHIEF FINANCIAL OFFICER 206384 0 0 0 681 0 11904 0 20850 0 239819 0 0 0 CHARLES W BRITTON FORMER HEAD OF SCHOOL/DONOR & ALUMNI 488292 0 0 0 1290 0 26687 0 41344 0 557613 0 0 0 JOHN BRAD SHELLEY ASSOCIATE HEADMASTER 187007 0 0 0 300 0 12683 0 91707 0 291697 0 0 0 KERRY JOHNSTON DIRECTOR OF DEVELOPMENT 162002 0 0 0 132 0 10403 0 56626 0 229163 0 0 0 DARREN FORD HEAD OF MIDDLE SCHOOL 136918 0 0 0 1115 0 14220 0 11170 0 163423 0 0 0 MERRITT A LIVERMORE HEAD OF UPPER SCHOOL 121643 0 0 0 371 0 9681 0 24557 0 156252 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, THE FOLLOWING MCDONOGH EMPLOYEES ARE PROVIDED HOUSING FOR THE CONVENIENCE AND BENEFIT OF THE SCHOOL. DAVID J. FARACE, HEAD OF SCHOOL, AND CHARLES W. BRITTON, FORMER HEAD OF SCHOOL AND CURRENT DONOR AND ALUMNI RELATIONS LIAISON, RECEIVED HOUSING AS A NONTAXABLE BENEFIT. AS A NONTAXABLE FRINGE BENEFIT, MEMBERSHIP FEES WERE PAID FOR CHARLES W. BRITTON, FORMER HEADMASTER AND CURRENT DONOR AND ALUMNI RELATIONS LIAISON OF MCDONOGH SCHOOL, IN THE AMOUNT OF $3,860. AS A NONTAXABLE FRINGE BENEFIT, MEMBERSHIP FEES WERE PAID FOR DAVID FARACE, THE HEAD OF SCHOOL, IN THE AMOUNT OF $650. A MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 574221LGO 2011-10-27 38662174 TO FINANCE CONSTRUCTION - MATH & SCI BLDG, STUDENT CTR, PWR PLT, INFRA STR 0 0 0 B MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 574221ME4 2019-02-13 18195034 CAPITAL IMPROVEMENTS; REFUNDING OF SERIES 2013 BONDS; FUND ISSUANCE COSTS 0 0 0 A 18890000 38662174 697687 457748 37506739 2014 0 0 1 1 B 18195034 332539 5843091 8270769 3748635 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/27/2016 45536 TUITION REMISSION EDUCATION 44320 TUITION ASSISTANCE EDUCATION X 1 47875 APPRAISAL OF FMV X 42 2547559 FAIR MARKET VALUE 2 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. AFTER THAT REVIEW, THE FORM 990 IS POSTED ON THE TRUSTEE WEBSITE FOR APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C COPIES OF THE CONFLICT OF INTEREST POLICY AND RELATED QUESTIONNAIRE ARE SUBMITTED TO ALL INTERESTED PARTIES AND ALL CURRENT MEMBERS OF THE BOARD OF TRUSTEES TO REVIEW, COMPLETE, AND SIGN. THE QUESTIONNAIRE WHICH DISCLOSES, IF APPLICABLE, ANY POTENTIAL CONFLICTS, IS SUBMITTED TO THE VICE PRESIDENT OF THE BOARD OF TRUSTEES FOR REVIEW. ANY POTENTIAL CONFLICTS ARE RESOLVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. IF A CONFLICT EXISTS, THE INTEREST PERSON IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS SURROUNDING THE CONFLICTED MATTER. THE CONFLICT OF INTEREST POLICY IS ANNUALLY REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 MCDONOGH SCHOOL MAINTAINS AN EXECUTIVE COMPENSATION POLICY FOR DETERMINING COMPENSATION FOR BOTH OFFICERS AND KEY EMPLOYEES. MCDONOGH SCHOOL USES PEER DATA PROVIDED BY IRS FORM 990 AND DATA PROVIDED BY BOTH AIMS (ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS) AND NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS) FOR COMPARABILITY PURPOSES. THE INDEPENDENT BOARD HIRES AND DETERMINES COMPENSATION OF THE HEADMASTER, WHO THEN HIRES AND DETERMINES COMPENSATION OF OTHER TOP MANAGEMENT OFFICIALS, OFFICERS, AND KEY EMPLOYEES. ALL COMPENSATION IS DETERMINED BASED ON PERFORMANCE, COMPARABLE COMPENSATION DATA, AND BUDGETARY GUIDELINES AS APPROVED BY COMMITTEES OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MARKET VALUE OF INTEREST RATE SWAP -65,132. CHANGE IN VALUE OF ASSETS HELD IN ANNUITY TRUSTS -92,790. CHANGE IN VALUE OF ANNUITIES PAYABLE 61,179. CHANGE IN CHARITABLE REMAINDER UNITRUST 290,731. CHANGE IN VALUE OF CASH SURRENDER VALUE 15,174. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FOLIO NETWORK LLC PO BOX 380 OWINGS MILLS MD 21117 275349063 SCHOOL PERFORMANCE APPRAISAL SOFTWARE MD 106890 1092450 MCDONOGH SCHOOL INCORPORATED MCDONOGH PARENTS ASSOCIATION PO BOX 380 OWINGS MILLS MD 21117 526019724 TO SUPPORT MCDONOGH SCHOOL MD 501(C)(3) 12C 0 CHARITABLE REMAINDER UNITRUST (9) PO BOX 380 OWINGS MILLS MD 21117 CHARITABLE REMAINDER UNITRUST MD T 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0