2019-02-19T07:38:48-06:00 2018-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2017-07-01 520591645 OLDFIELDS SCHOOL INC OLDF 4104724800 1500 GLENCOE ROAD GLENCOE MD 21152 NANCY PALMER TRUSTEE, FINANCE CHAIR 4104724800 2019-02-18 1 MIKE YOUNG P00236952 4104031500 2019-02-01 50.206.141.66 2019-02-18 13:56:59 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0D4461F916D513B3B03BFB10511425154532CAA7 2017 2019-02-21 02:37:17Z DAVID PERFIELD 1500 GLENCOE ROAD GLENCOE MD 21152 12847286 0 X OLDFIELDSSCHOOL.ORG X 1926 MD TO PROVIDE EDUCATION OF STUDENTS PRIMARILY IN GRADES 8 THROUGH 12. 20 20 105 61 0 0 1861954 1128209 8879031 6614371 175456 633839 32548 3445473 10948989 11821892 1396646 1259400 0 0 4244936 4311894 0 0 84542 4679683 4104270 10321265 9675564 627724 2146328 26554241 28600539 4585045 4323896 21969196 24276643 X OLDFIELDS SCHOOL IS COMMITTED TO THE INTELLECTUAL AND MORAL DEVELOPMENT OF YOUNG WOMEN. IN A CULTURE OF KINDNESS AND MUTUAL RESPECT, WE ENCOURAGE EACH STUDENT TO MAKE THE MOST OF HER ACADEMIC AND PERSONAL POTENTIAL. WE SEEK TO GUIDE EACH STUDENT TO GROW IN CHARACTER, CONFIDENCE, AND KNOWLEDGE BY ENCOURAGING HER TO EMBRACE THE VALUES OF PERSONAL HONESTY, INTELLECTUAL CURIOSITY, AND SOCIAL RESPONSIBILITY. 0 0 7315759 1259400 6614371 FOUNDED IN 1867, OLDFIELDS SCHOOL COMBINES TRADITION AND INNOVATION WHILE REMAINING TRUE TO ITS FUNDAMENTAL MOTTO, "COURAGE, HUMILITY, AND LARGENESS OF HEART." THE STUDENT BODY IS MADE UP OF A DIVERSE GROUP OF YOUNG WOMEN FROM ACROSS THE UNITED STATES AND AROUND THE GLOBE. APPROXIMATELY 89 COURSES, INCLUDING HONORS COURSES, ADVANCED PLACEMENT PREPARATION, SPECIAL SEMINARS, MAY PROGRAM, AND ART ELECTIVES ARE OFFERED. EACH GIRL'S EDUCATION IS TAILORED TO HER ABILITIES WITH AN AVERAGE CLASS SIZE OF 8 STUDENTS AND A 6:1 STUDENT TO FACULTY RATIO. OLDFIELDS FOCUSES ON ENSURING "EACH GIRL'S SUCCESS." OLDFIELDS SCHOOL IS LOCATED ON 140 RURAL ACRES NESTLED IN THE BUCOLIC HORSE COUNTRY OF NORTH BALTIMORE COUNTY, MARYLAND. 7315759 1 1 0 0 0 0 1 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 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 65 0 105 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MD X BRYAN ENGLE CFO - BUSINESS MANAGER 4436621011 1500 GLENCOE ROAD SPARKS MD 21152 R AUGUSTUS EDWARDS CHAIR 1.00 X X 0 0 0 ZACHARY CARLILE VICE CHAIR 1.00 X X 0 0 0 NANCY PALMER TREASURER 1.00 X X 0 0 0 HEIDI DUPONT SECRETARY 1.00 X X 0 0 0 MARNEY BABBITT TRUSTEE 1.00 X 0 0 0 RICHARD C DARRELL TRUSTEE 1.00 X 0 0 0 CHARLES DRISCOLL JR TRUSTEE 1.00 X 0 0 0 ADELAIDE GOLDFRANK TRUSTEE 1.00 X 0 0 0 LULU LAUBENSTEIN GOOD TRUSTEE 1.00 X 0 0 0 SHEILA WILEY HARRELL TRUSTEE 1.00 X 0 0 0 DEBBIE L HILL TRUSTEE 1.00 X 0 0 0 CHARELLE D JAMES TRUSTEE 1.00 X 0 0 0 ELIZABETH LEE TRUSTEE 1.00 X 0 0 0 CARLISLE VANMETER MAYER TRUSTEE 1.00 X 0 0 0 SCOTT MENZIES TRUSTEE 1.00 X 0 0 0 DONALD F OBRECHT TRUSTEE 1.00 X 0 0 0 SUSAN S REPKO TRUSTEE 1.00 X 0 0 0 GAY RICHARDSON SMITH TRUSTEE 1.00 X 0 0 0 HILARY GARDNER SWAIN TRUSTEE 1.00 X 0 0 0 RAMSAY M WHITWORTH ESQ TRUSTEE 1.00 X 0 0 0 BRYAN ENGLE CFO/BUSINESS MANAGER 40.00 X 159580 0 31006 ANSLEY SMITHWICK INTERIM HEAD OF SCHOOL 40.00 X 152453 0 62025 DAVID PERFIELD INCOMING HEAD OF SCHOOL 0.00 X 0 0 0 PARNELL HAGERMAN FORMER HEAD OF SCHOOL 40.00 X 112451 0 12042 424484 0 105073 3 1 1 0 COMPASS GROUP USA INC PO BOX 417632 BOSTON MA 02241 FOOD/DINING SERVICES 713952 PPM-MID ATLANTIC 507 WYNGATE ROAD LUTHERVILLE MD 21093 FACILITIES/CUSTODIAL 651484 2 1128209 121949 1128209 TUITION & FEES 611710 6047800 6047800 AUXILIARY ACTIVITIES 611710 566571 566571 6614371 184568 184568 13209 13209 1454150 1004879 449271 449271 449271 21981 20515 1466 1466 OTHER INCOME 900099 3430798 3430798 3430798 11821892 6614371 0 4079312 X 1259400 1259400 404240 268420 129291 6529 3092149 2054861 988600 48688 160797 97485 60059 3253 396091 281515 107679 6897 258617 173847 80666 4104 58077 58077 32095 32095 55194 55194 1507701 1451891 55810 31982 6125 25857 421217 134352 280529 6336 129843 129843 462718 447549 15169 47306 37264 10042 140612 140612 651444 651444 169818 15305 154513 EQUESTRIAN 154080 154080 BAD DEBT EXPENSE 54119 54119 MISCELLANEOUS 35438 27116 8322 STUDENT LIFE 31252 31252 121374 83241 29398 8735 9675564 7315759 2275263 84542 1979027 1932323 1296938 2718171 1280900 1299660 24812 1194877 37817 36373 82297 98598 27468448 14912480 12879309 12555968 1062694 1217850 7876389 7525624 34058 21095 26554241 28600539 540424 533965 1059621 720789 2985000 2985000 84142 4585045 4323896 X 10173962 11785765 5528391 5717665 6266843 6773213 21969196 24276643 26554241 28600539 2146328 161119 0 X X 0 1 X 1 0 X 2112388 2174605 1551733 1861954 1128209 8828889 2112388 2174605 1551733 1861954 1128209 8828889 1662679 7166210 389649 175968 207362 170131 197777 1140887 42086 44080 39791 45298 3452779 3624034 13593810 44534036 0.52720 0.66410 X PART II, SECTION B, LINE 10 THE SCHOOL OPERATES A SCHOOL STORE, LOCATED ON THE PREMISE WHICH SELLS SCHOOL SUPPLIES, SNACKS, EDUCATIONAL AIDS, LOGO MERCHANDISE, AND VARIOUS OTHER ITEMS THAT WOULD BE NEEDED BY THE STUDENTS. THE SCHOOL STORE IS OPERATED FOR THE CONVENIENCE OF THE STUDENTS AND EMPLOYEES. THE SCHOOL RECEIVED A ONE-TIME VENDOR PAYMENT IN THE AMOUNT OF $3,430,798 FOR THE CURRENT YEAR. X 1 5.90 0 0 0 1 1 9.00 0 8721064 251766 780183 1157000 34554 8561459 7831188 330491 1046237 453282 33570 8721064 8005654 293489 -18727 420000 29228 7831188 7681982 354479 313597 320000 24404 8005654 7176732 86978 1057913 616659 22982 7681982 0.05320 0.71160 0.23520 0 0 796298 796298 23447843 12727616 10720227 1979843 1599516 380327 1244464 585348 659116 12555968 CASH SURRENDER VALUE OF LIFE INSURANCE 244501 F HATTERAS MULTI-STRATEGY TEI FUND 92123 F INTEREST IN OIL AND GAS LEASE 85886 F MULTI-STRATEGY BOND FUND 2081409 F MULTI-STRATEGY EQUITY FUND 5021705 F 7525624 X 10688932 161119 20515 181634 10507298 55194 1259400 1314594 11821892 8381485 20515 20515 8360970 55194 1259400 1314594 9675564 PART II, LINE 5: IN 2004, A FOREST STEWARDSHIP PLAN WAS PREPARED FOR MARYLAND GRID 907 X 628; TAX MAP 28 PARCEL 195 IN BALTIMORE COUNTY. THIS PLAN OUTLINES RECOMMENDATIONS BASED ON THE GOALS TO PRESERVE THE NATURAL HABITAT AND RESOURCES PRESENT. THE PLAN PROVIDES MANAGEMENT UNIT DESCRIPTIONS AND RECOMMENDED PRACTICES, GENERAL PROPERTY-WIDE RECOMMENDATIONS, COST-SHARE AND TAX ASSISTANCE PROGRAM ANALYSIS, AND A MANAGEMENT PRACTICE SCHEDULE. PART II, LINE 9: THE EASEMENT IS MONITORED, INSPECTED, AND ENFORCED BY THE GROUNDS MAINTENANCE CONTRACTOR OF THE SCHOOL. THE COSTS OF PERFORMING THESE ACTIVITIES ARE NOT SEPARATELY TRACKED, BUT RATHER, ARE INCLUDED IN THE GENERAL SERVICE CONTRACT. PART V, LINE 4: THE SCHOOL USES THE ENDOWMENT FUNDS AS SUPPORT FOR OPERATING EXPENSES THAT ARE NECESSARY TO FULFILL THE SCHOOL'S EXEMPT PURPOSE. THE ENDOWMENT FUNDS ARE INVESTED UNDER THE SCHOOL'S INVESTMENT POLICY TO COMPLY WITH THE STATE OF MARYLAND UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT. THE BOARD APPROPRIATES THE EARNINGS OF THE ENDOWMENT FUNDS FOR EXPENDITURE TO SUPPORT DONOR STIPULATED PURPOSES. PART X, LINE 2: ASC 740, INCOME TAXES, PRESCRIBES THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. FOR THOSE 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 IS REQUIRED TO FILE INFORMATIONAL RETURNS IN VARIOUS JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS IN PROGRESS. THE SCHOOL DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 30, 2018 AND 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE 20,515. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,259,400. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE 20,515. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,259,400. 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 SCHOOL'S POLICY IS PUBLISHED IN VARIOUS NEWSPAPERS ANNUALLY. THE POLICY IS ALSO ON THE SCHOOL'S WEBSITE AND IN THE STUDENT HANDBOOK. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 18158 0 0 0 0 0 0 18158 0 18158 0 0 0 0 0 0 1 FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AWARDED TO STUDENTS 47 1259400 PART I, LINE 2: THE STUDENT'S PARENT(S) APPLY FOR THE FINANCIAL AID BY COMPLETING THE UNIFORM SSS FORM. MANAGEMENT REVIEWS THE SSS FORM AND AWARDS FINANCIAL AID ON AN AS-NEEDED BASIS. THE AMOUNT OF EACH AWARD IS APPLIED TO THE RESPECTIVE STUDENT'S TUITION BILL. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 BRYAN ENGLE CFO/BUSINESS MANAGER 158500 0 0 0 1080 0 6983 0 24023 0 190586 0 0 0 ANSLEY SMITHWICK INTERIM HEAD OF SCHOOL 150966 0 0 0 1487 0 15250 0 46775 0 214478 0 0 0 PARNELL HAGERMAN FORMER HEAD OF SCHOOL 111695 0 0 0 756 0 7875 0 4167 0 124493 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, ANSLEY SMITHWICK WAS PROVIDED ON CAMPUS HOUSING FOR THE CONVENIENCE AND BENEFIT OF THE ORGANIZATION. THIS HOUSING IS NOT TAXABLE AND IS INCLUDED IN NONTAXABLE BENEFITS. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2010-04-14 2985000 PROCEEDS WERE USED TO REFINANCE EXISTING BONDS. 0 0 0 A 2985000 2985000 2010 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 X 9 121949 FAIR MARKET VALUE 0 1 0 PART I, LINE 33: THE SCHOOL DOES NOT VALUE NONCASH CONTRIBUTIONS FOR PREVIOUSLY OWNED HORSES AND GOODS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT KEEP MINUTES FOR COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. MINUTES ARE ONLY DOCUMENTED FOR MEETINGS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE HEAD OF SCHOOL, CFO, AND COMPTROLLER PERFORM THE INITIAL REVIEW. AFTER THEIR APPROVAL, THE 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE, AND IS PRESENTED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH NAIS STANDARDS, ALL TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE ADMINISTRATIVE ASSISTANT TO THE HEAD OF THE SCHOOL SENDS ALL TRUSTEES A COPY OF THE CONFLICT OF INTEREST STATEMENT VIA EMAIL TO SIGN AT THE BEGINNING OF EACH FISCAL YEAR. THE STATEMENTS ARE FILED BY THE HEAD'S ADMINISTRATOR AND ARE KEPT ON FILE AND UP TO DATE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE HEAD OF THE SCHOOL IS DETERMINED BY THE BOARD OF TRUSTEES HEADS COMMITTEE. THE COMMITTEE USES AIMS SUMMARY REPORTS OF COMPENSATION AS A GUIDELINE FOR SETTING COMPENSATION. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY REVIEW OF COMPARABLE SALARIES AT PEER SCHOOLS AND MARKET REPORTS. THE HEAD OF SCHOOL REVIEWS AND APPROVES THESE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES-DRAMA: PROGRAM SERVICE EXPENSES 5,854. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,854. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 759,683. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 759,683. CONTRACT SERVICES-FOOD SERVICE: PROGRAM SERVICE EXPENSES 605,979. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 605,979. OFFICIATING AND CONTRACT SERVICES-ATHLETICS: PROGRAM SERVICE EXPENSES 9,522. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,522. CONTRACT SERVICES -ADMINISTRATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 22,194. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,194. CONTRACT SERVICES - HUMAN RESOURCES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,499. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,499. CONTRACT SERVICES - HEAD OF SCHOOL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 24,117. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,117. CONTRACT SERVICES - EQUESTRIAN: PROGRAM SERVICE EXPENSES 64,783. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,783. CONTRACT SERVICES - TRANSPORTATION: PROGRAM SERVICE EXPENSES 120. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 120. CONTRACT SERVICES - HEALTH: PROGRAM SERVICE EXPENSES 5,950. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,950. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.