2020-07-14T10:50:20-05:00 2019-06-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2018-07-01 530211355 MARET SCHOOL INC MARE 2029398800 3000 CATHEDRAL AVENUE NW WASHINGTON DC 200083407 WILLIS HOLLOWAY III DIRECTOR-FINANCE & OPERATIONS 2029398800 2020-07-09 1 GLENN M SHELTON P00228007 3016529100 2020-07-07 209.59.242.22 2020-07-09 09:45:25 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 93396552AFAF91AF77E528A28A0008F30837EABC 2018 2021-01-29 14:40:06Z MARJO TALBOTT 3000 CATHEDRAL AVENUE NW WASHINGTON DC 200083407 30683295 0 X WWW.MARET.ORG X 1937 DC MARET IS A VIBRANT K-12, CO-EDUCATIONAL, INDEPENDENT SCHOOL IN WASHINGTON, DC. WE IGNITE OUR STUDENTS' POTENTIAL AND FOSTER THEIR ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS. 25 25 195 415 0 0 5816368 3554669 24625563 25074466 1072101 1208251 486522 396631 32000554 30234017 4429304 4418860 0 0 15861544 16870890 0 0 825591 9087558 9597247 29378406 30886997 2622148 -652980 88927968 84819101 29201404 24830090 59726564 59989011 X SEE SCHEDULE O 0 0 24457657 4418860 25074466 PROVIDE EDUCATION TO APPROXIMATELY 645 STUDENTS, FROM KINDERGARTEN THROUGH GRADE TWELVE. 24457657 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 1 0 0 0 1 0 0 0 0 0 0 0 0 1 X 298 0 1 195 1 0 0 0 0 0 0 0 0 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 X WILLIS HOLLOWAY III 2029398800 3000 CATHEDRAL AVE NW WASHINGTON DC 20008 X IAN CAMERON PRESIDENT 2.00 X X 0 0 0 LEIGH COMAS VICE PRESIDENT 2.00 X X 0 0 0 TRAVIS ALLEN TREASURER 2.00 X X 0 0 0 ARI FITZGERALD SECRETARY 2.00 X X 0 0 0 MAI ABDO TRUSTEE 2.00 X 0 0 0 ALAN ADLER TRUSTEE 2.00 X 0 0 0 ESMA AKIN TRUSTEE 2.00 X 0 0 0 SUSAN BOSLAND TRUSTEE 2.00 X 0 0 0 KEN BROTMAN TRUSTEE 2.00 X 0 0 0 E KAY COWAN TRUSTEE 2.00 X 0 0 0 SUZANNE GEORGE TRUSTEE 2.00 X 0 0 0 DANIEL HARTMAN TRUSTEE 2.00 X 0 0 0 MARGARET JOHNSON TRUSTEE 2.00 X 0 0 0 MICHAEL KIRSHBAUM TRUSTEE 2.00 X 0 0 0 MARC LAMPKIN TRUSTEE 2.00 X 0 0 0 TOM MONAHAN TRUSTEE 2.00 X 0 0 0 VADIM NIKITINE TRUSTEE 2.00 X 0 0 0 MICHELE NORRIS-JOHNSON TRUSTEE 2.00 X 0 0 0 CASSIE MELTZER PERGAMENT TRUSTEE 2.00 X 0 0 0 LARRY SIEGEL TRUSTEE 2.00 X 0 0 0 TED STETTINIUS TRUSTEE 2.00 X 0 0 0 AAKASH THAKKAR TRUSTEE 2.00 X 0 0 0 STEVEN VANROEKEL TRUSTEE 2.00 X 0 0 0 VICTORIA WASSMER TRUSTEE 2.00 X 0 0 0 SYLVIA WHITE TRUSTEE 2.00 X 0 0 0 MARY JOSEPHINE TALBOTT HEAD OF SCHOOL 50.00 X 539430 0 112474 WILLIAM HODGETTS ASSIST. HEAD: FINANCE 50.00 X 267265 0 25082 SALLY DUNKELBERGER DIRECTOR OF DEVELOPMENT 50.00 X 207610 0 28858 STEVEN TEJADA DIRECTOR OF UPPER SCHOOL 50.00 X 184699 0 27649 JAIME ESTRADA LANGUAGE DEPT. CHAIR 50.00 X 151995 0 22301 SUSAN EPPS ASSIST. HEAD: FACULTY DEV. 50.00 X 182920 0 9792 ANNIE FARQUHAR DIRECTOR OF ADMISSIONS 50.00 X 156104 0 25872 CHRISTINA KYONG DIRECTOR OF MIDDLE SCHOOL 50.00 X 150472 0 8900 1840495 0 260928 29 0 1 0 FORRESTER CONSTRUCTION CO 12231 PARKLAWN DR ROCKVILLE MD 20852 PROJECT MANAGEMENT 5027930 RIDGEWELLS CATERING INC 5525 DORSEY LANE BETHESDA MD 20816 FOOD SERVICES 1234491 MCDONALD CLEANING SYSTEMS INC 2121 WISCONSIN AVE NW WASHINGTON DC 20007 CLEANING SERVICES 496126 COX GRAAE & SPACK ARCHITECTS 2909 M STREET NW WASHINGTON DC 20007 ARCHITECTURAL SERVICES 228434 VERACROSS LLC 401 EDGEWATER PLACE STE 360 WAKEFIELD MA 01880 SOFTWARE DEVELOPER 158028 7 600565 2954104 370326 3554669 TUITION AND FEES 900099 24224638 24224638 SUMMER PROGRAMS 900099 795920 795920 STUDENT ACTIVITIES 900099 53908 53908 25074466 953493 953493 519285 12000 276527 0 242758 12000 254758 254758 424332 600565 172751 251581 251581 OTHER INCOME 900099 145050 145050 145050 30234017 25074466 0 1604882 4418860 4418860 1206266 917007 247833 41426 12804413 9733956 2630725 439732 780648 593451 160388 26809 1044044 793686 214503 35855 1035519 787205 212752 35562 278854 278854 55060 55060 164511 164511 650845 462423 176359 12063 15246 15246 413985 140570 212081 61334 127853 126131 1722 407869 365859 38339 3671 155088 123396 28852 2840 89081 62829 25918 334 528147 473294 50060 4793 2360935 2103037 236797 21101 165730 165730 SCHOOL LUNCH PROGRAM 1168054 1168054 BUILDING & GROUNDS MAIN 1118252 1003072 105116 10064 SCHOOL DEPARTMENT EXPEN 858652 858652 STUDENT ACTIVITIES 178074 178074 861011 148101 584625 128285 30886997 24457657 5603749 825591 10044447 2501873 1979298 1122503 171679 793200 271145 515614 59140030 26212475 31235627 32927555 45225772 46958356 88927968 84819101 2863512 4108039 10276590 5945676 13789010 13958334 2272292 818041 29201404 24830090 X 30484533 34764182 12556155 8538953 16685876 16685876 59726564 59989011 88927968 84819101 -652980 915427 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21875787 412814 939020 621894 22605727 21451212 55416 936647 567488 21875787 20008466 116881 2007132 681267 21451212 20687546 394857 -471917 602020 20008466 21643186 95936 -391311 660265 20687546 0.75640 0.24360 0 0 126082 126082 54733304 22919948 31813356 3544496 2720511 823985 736148 572016 164132 32927555 AMOUNTS HELD ON BEHALF OF OTHERS 400152 DEFERRED COMPENSATION 388747 CAPITAL LEASE OBLIGATION 29142 818041 X 26726825 896933 -4400366 -3503433 30230258 164511 -160752 3759 30234017 26464378 160752 160752 26303626 164511 4418860 4583371 30886997 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"), EXCEPT FOR UNRELATED BUSINESS INCOME, AS DEFINED BY THE IRC. THE SCHOOL HAD UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2018 NET OF EXPENSES, IN THE AMOUNT OF $9,083 AND PAID $2,630 IN TAXES. THE SCHOOL MADE AN ESTIMATED TAX PAYMENT OF $1,640 FOR UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2019. ACCORDINGLY, THESE STATEMENTS DO REFLECT A PROVISION FOR INCOME TAXES FOR THE YEAR ENDED JUNE 30, 2019 AND 2018. THE SCHOOL IS REQUIRED TO FILE, AND DOES FILE, TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. TAX RETURNS FILED BY THE SCHOOL ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2016 REMAIN OPEN. THE SCHOOL HAS ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN INCOME TAX POSITIONS. DURING THE YEARS ENDED JUNE 30, 2019 AND 2018, THE SCHOOL DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS -4,418,860. UNREALIZED GAIN ON SWAP AGREEMENT 18,494. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -172,752. GAIN INCLUDED WITH EXPENSES ON AUDITED FINANCIAL STATEMENTS 12,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 172,752. GAIN INCLUDED WITH EXPENSES ON AUDITED FINANCIAL STATEMENTS -12,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS 4,418,860. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHOOL'S NONDISCRIMINATORY POLICY - SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE WASHINGTON POST ON A PERIODIC BASIS. AUCTION 1024897 600565 424332 13095 85574 74082 1024897 600565 424332 13095 85574 74082 172751 251581 1 FINANCIAL AID 156 4418860 MONITORING THE USE OF GRANT FUNDS - PART I, LINE 2 ALL FINANCIAL AID GRANTS ARE APPLIED TO THE STUDENTS' TUITION. X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 MARY JOSEPHINE TALBOTT HEAD OF SCHOOL 494430 0 0 0 45000 0 101781 0 10693 0 651904 0 0 0 WILLIAM HODGETTS ASSIST. HEAD: FINANCE 267265 0 0 0 0 0 16430 0 8652 0 292347 0 0 0 SALLY DUNKELBERGER DIRECTOR OF DEVELOPMENT 207610 0 0 0 0 0 12819 0 16039 0 236468 0 0 0 STEVEN TEJADA DIRECTOR OF UPPER SCHOOL 184699 0 0 0 0 0 11610 0 16039 0 212348 0 0 0 JAIME ESTRADA LANGUAGE DEPT. CHAIR 151995 0 0 0 0 0 9324 0 12977 0 174296 0 0 0 SUSAN EPPS ASSIST. HEAD: FACULTY DEV. 182920 0 0 0 0 0 9792 0 0 0 192712 0 0 0 ANNIE FARQUHAR DIRECTOR OF ADMISSIONS 156104 0 0 0 0 0 9833 0 16039 0 181976 0 0 0 CHRISTINA KYONG DIRECTOR OF MIDDLE SCHOOL 150472 0 0 0 0 0 8900 0 0 0 159372 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVED A HOUSING ALLOWANCE AND PERSONAL SERVICES, WHICH INCLUDED HOUSE CLEANING AND LAWN CARE. PART I, LINE 4B THE HEAD OF SCHOOL PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (SECTION 457F). THE SCHOOL MADE A CONTRIBUTION OF $84,601 ON BEHALF OF THE HEAD OF SCHOOL INTO THIS PLAN IN 2018. A DISTRICT OF COLUMBIA 536001131 2548394P5 2009-10-07 17335000 REFINANCE TAX EXEMPT BONDS 0 0 0 A 3177000 17335000 17335000 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 1 SUNTRUST BANK 15.000000000000 0 1 0 0 0 A 0 SCHEDULE K, PART IV, LINE 2C REBATE COMPUTATION DATE: THE REBATE COMPUTATION CALCULATION WAS LAST PERFORMED ON NOVEMBER 21, 2018, SHOWING NO AMOUNT DUE. 159130 FINANCIAL AID TUITION ASSISTANCE X 10 55846 FMV X AUCTION ITEMS 578 314480 FMV 0 0 0 PART I, COLUMN (B): THE AMOUNTS SHOWN IN PART I, COLUMN B, REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 1 MARET SCHOOL IS A VIBRANT K-12, CO-EDUCATIONAL, INDEPENDENT SCHOOL IN WASHINGTON, DC. WE IGNITE OUR STUDENTS' POTENTIAL AND FOSTER THEIR ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS. WE DEVELOP THE MIND, NURTURE CURIOSITY, WELCOME CHALLENGE, EMBRACE JOY, AND BUILD COMMUNITY THAT IS EQUITABLE AND INCLUSIVE. FORM 990, PART V, LINE 2A: NUMBER OF EMPLOYEES FOR CALENDAR YEAR 2018 THE TOTAL NUMBER OF EMPLOYEES REPORTED ON LINE 2A OF PART V OF FORM 990 REPRESENTS THE TOTAL NUMBER OF EMPLOYEES FOR THE ENTIRETY OF CALENDAR YEAR 2018, NOT THE TOTAL AT ONE TIME DURING THAT YEAR. MOREOVER, THE NUMBER VARIES DURING THE DAY, AS IT IS COMPRISED OF ADMINISTRATIVE AND FACULTY PERSONNEL WHO ARE PRESENT DURING ACADEMIC HOURS AND OTHER PERSONNEL ENGAGED IN AFTER-SCHOOL ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD TRUSTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD TRUSTEE SIGNS A CONFLICT OF INTEREST POLICY STATEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 DURING THE FIRST QUARTER OF 2013, A COMPENSATION COMMITTEE WHOSE MEMBERSHIP INCLUDED THE PRESIDENT, VICE PRESIDENT, AND TREASURER, HIRED AN INDEPENDENT COMPENSATION CONSULTANT WHO SURVEYED 25+ COMPARABLE SCHOOLS AND USED THAT DATA IN DETERMINING THE APPROPRIATE COMPENSATION FOR THE HEAD. THE KEY EMPLOYEE AND HIGHEST COMPENSATED EMPLOYEES' SALARIES ARE COMPARED TO THOSE AT COMPARABLE SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SEC. A, LINE 1A, COL. (F): SEE SCHEDULE L, PART III, FOR ADDITIONAL INFORMATION REGARDING ANY TRUSTEES, OFFICERS, AND EMPLOYEES WHO WERE GRANTED FINANCIAL AID AS A RESULT OF A BLIND APPLICATION PROCESS.