2019-02-13T10:35:35-06:00 2018-06-30 521197902 MULLEN SONDBERG WIMBISH & STONE PA 2553 HOUSLEY ROAD SUITE 200 ANNAPOLIS MD 21401 990 2017-07-01 520591466 SEVERN SCHOOL INC SEVE 4106477701 201 WATER STREET SEVERNA PARK MD 21146 DOUGLAS LAGARDE HEADMASTER 4106477700 2019-02-08 1 PHILIP J WIMBISH JR CPA P01285171 4102244920 2019-02-08 64.88.174.3 2019-02-08 16:12:51 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 95290DF1F9FC507D2AF9A77AC413B66A2FA1CA64 2017 2019-02-21 02:37:17Z DOUGLAS LAGARDE 201 WATER STREET SEVERNA PARK MD 21146 24912829 0 X WWW.SEVERNSCHOOL.COM X 1938 MD TO PROVIDE EDUCATION TO STUDENTS YEARS PRE-K THROUGH TWELVE. 24 24 298 400 0 0 1437597 1062075 20304806 21094633 372872 802627 315400 341436 22430675 23300771 2483363 2607786 0 0 13560609 13962158 0 0 1032750 6065728 5999369 22109700 22569313 320975 731458 66011266 65321861 18266867 16492504 47744399 48829357 AN INDEPENDENT, CO-ED SCHOOL PROVIDING EDUCATION TO STUDENTS IN YEARS PRE-K THROUGH TWELVE. 0 0 17164466 2607786 21094633 EDUCATIONAL - PROVIDE EDUCATION FOR STUDENTS YEARS PRE-K THROUGH TWELVE. 17164466 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 1 298 1 0 0 0 0 0 1 1 0 0 X 24 24 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 HON BETH P GESNER TRUSTEE 3.00 X 0 0 0 MR DREW LARKIN TRUSTEE 3.00 X 0 0 0 MR ERIC PIKUS TRUSTEE 3.00 X 0 0 0 MR ERIC VEIEL TRUSTEE 3.00 X 0 0 0 MR KENT HOLTGREWE TRUSTEE 3.00 X 0 0 0 MR SHAUN MATHIS TRUSTEE 3.00 X 0 0 0 MR RICH GERGAR TRUSTEE 3.00 X 0 0 0 MR SCOTT BASS TRUSTEE 3.00 X 0 0 0 MRS CATHERINE DEA CODE TRUSTEE 3.00 X 0 0 0 MRS DIANE SWEENEY MD TRUSTEE 3.00 X 0 0 0 MRS JENNIFER MANN TRUSTEE 3.00 X 0 0 0 MRS KATHERINE OSTBERG TRUSTEE 3.00 X 0 0 0 MRS MARY CHRIS GAY TRUSTEE 3.00 X 0 0 0 MS LISA S KAHAN TRUSTEE 3.00 X 0 0 0 MS ROBYN FORMICA TRUSTEE 3.00 X 0 0 0 MR CHARLES A BELO TRUSTEE 3.00 X 0 0 0 MS LYNNE M HARDING TRUSTEE 3.00 X 0 0 0 DR KATHERINE GRAW LAMOND TRUSTEE 3.00 X 0 0 0 MR DAVID CAHOUET TRUSTEE 3.00 X 0 0 0 MR THOMAS L CARTER CHAIRMAN 3.00 X X 0 0 0 MR JIM MURPHY VICE CHARIMAN 3.00 X X 0 0 0 MRS JENNY BAKER SECRETARY 3.00 X X 0 0 0 MR JAMES P O'HARE TREASURER 3.00 X X 0 0 0 MR JON MAHAN TRUSTEE 3.00 X 0 0 0 MR DOUGLAS LAGARDE HEADMASTER 40.00 X 446764 0 45656 MR TERRY DEL PRETE DIRECTOR OF BUSINESS AND F 40.00 X 178263 0 41509 MS BEATRICE FULLER HEAD, UPPER SCHOOL 40.00 X 137575 0 26416 MS LISE CHARLIER DIRECTOR OF STUDIES 40.00 X 122138 0 10471 MS MARY GREEN DIRECTOR OF ADVANCEMENT 40.00 X 120700 0 40052 MS CATHY NORTH HEAD, LOWER SCHOOL 40.00 X 105639 0 59689 MR JULIAN DOMENECH ATHLETIC DIRECTOR 40.00 X 103962 0 43389 1215041 0 267182 7 0 1 0 BROCK AND COMPANY INC 257 GREAT VALLEY PARKWAY MALVERN PA 19355 DINING SERVICES 366018 CP CLEANING SERVICE INC 806 BALTIMORE ANNAPOLIS BLVD SEVERNA PARK MD 21146 CLEANING SERVICES 230980 GENERAL AND MECHANICAL SERVICES 1007 SKIDMORE DR ANNAPOLIS MD 21401 MECHANICAL SERVICES 131638 MINUTEMAN PRESS 100 ROESLER ROAD SUITE 101 GLEN BURNIE MD 21060 PRINTING SERVICES 113680 AMP SYSTEMS LLC PO BOX 4593 CROFTON MD 21114 IT MAINTENANCE 107455 6 1062075 54784 1062075 TUITION/FEES 900099 21094633 21094633 21094633 474570 474570 184613 0 184613 184613 184613 1777550 25750 1475243 0 302307 25750 328057 328057 266203 136773 129430 129430 2197 42 2155 2155 MISCELLANEOUS REVENUE 900099 25238 25238 25238 23300771 21094633 0 1144063 2607786 2607786 712192 712192 10188712 7642713 1971541 574458 803937 446222 314320 43395 1500374 1172131 224598 103645 756943 596549 119879 40515 37359 37359 49958 49958 210595 166655 43940 72605 72605 1841723 1386035 432418 23270 30991 30991 742166 677214 57735 7217 156977 134873 8871 13233 435700 339871 22073 73756 355609 355609 1686435 1534656 134915 16864 135018 135018 MISCELLANEOUS 107583 556 107027 ALUMNI AFFAIRS 85090 85090 FUNDRAISING EXPENSE 51307 51307 BAD DEBTS 253 253 22569313 17164466 4372097 1032750 2491980 3190350 787771 911555 1420938 875041 234753 241155 28810 28810 225187 193152 60988594 15875999 46249113 45112595 13937900 14162042 580684 564513 54130 42648 66011266 65321861 1248889 1279857 2602810 2310712 12528634 11586760 1791075 1215834 95459 99341 18266867 16492504 X 35840973 36611922 5371682 5415885 6531744 6801550 47744399 48829357 66011266 65321861 731458 353500 0 X X 0 1 X 1 0 X 12897557 269806 1133697 494849 13806211 11713918 128570 1516184 461115 12897557 11510849 256270 363927 417128 11713918 11169434 249803 462200 370588 11510849 9528220 321158 1609762 289706 11169434 0.21230 0.78770 0 0 3718542 3718542 53560439 13890369 39670070 3494833 1985630 1509203 214780 214780 45112595 DEFERRED COMPENSATION 79335 CAPITAL LEASE 20006 99341 X 21183300 353500 -2607786 -2254286 23437586 -136815 -136815 23300771 20098342 136815 136815 19961527 2607786 2607786 22569313 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, 2015 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -2,607,786. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES NETTED AGAINST REVENUE -42. SPECIAL EVENTS EXPENSE NETTED AGAINST REVENUE -136,773. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES NETTED AGAINST REVENUE 42. SPECIAL EVENTS EXPENSE NETTED AGAINST REVENUE 136,773. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,607,786. 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 205902 205902 113929 GOLF TOURNAMENT 60301 60301 22844 2 266203 266203 136773 136773 129430 1 FINANCIAL AID FOR STUDENTS 183 2607786 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 446764 0 0 0 0 0 29744 0 15912 0 492420 0 0 0 MR TERRY DEL PRETE DIRECTOR OF BUSINESS AND F 178263 0 0 0 0 0 18477 0 23032 0 219772 0 0 0 MS BEATRICE FULLER HEAD, UPPER SCHOOL 137575 0 0 0 0 0 12023 0 14393 0 163991 0 0 0 MS MARY GREEN DIRECTOR OF ADVANCEMENT 120700 0 0 0 0 0 10448 0 29604 0 160752 0 0 0 MS CATHY NORTH HEAD, LOWER SCHOOL 105639 0 0 0 0 0 9614 0 50075 0 165328 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 2010652 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 4 54784 HIGH/LOW AVERAGE VALUE 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.