2018-05-10T13:54:57-05:00 2017-06-30 205991824 SC&H Tax & Advisory Services LLC 910 Ridgebrook Road Sparks MD 21152 990 2016-07-01 526001577 McDonogh School Incorporated MCDO 4103630600 PO Box 380 Owings Mills MD 211170380 Sherri Voelkel Chief Financial Officer 4103630600 2018-05-04 1 Lori S Burghauser P00370694 4104031500 2018-05-04 2016 2022-09-23 18:48:47Z Sherri Voelkel PO Box 380 Owings Mills MD 211170380 91174477 0 X WWW.MCDONOGH.ORG X 1873 MD Provide exceptional education inspiring a passion for learning, growth & a committment to excellence. 30 28 900 250 14122 9900 9088314 7777078 42006724 43975187 7385959 10893339 216167 710282 58697164 63355886 8270567 8840354 0 0 27204532 28773463 0 140269 1813916 16253483 16879651 51728582 54633737 6968582 8722149 206060152 213347226 51636081 50271903 154424071 163075323 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 45723410 8840354 43975187 McDonogh School is a highly regarded coeducational, independent school with approximately 1,370 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. 45723410 1 1 0 0 0 0 0 0 0 1 1 0 0 1 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 1 228 0 900 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X Sherri Voelkel 4103630600 8600 McDonogh Road Owings Mills MD 21117 ARTHUR H ADLER PRESIDENT 1.00 0.00 X X 0 0 0 HOWARD S KLEIN VICE PRESIDENT 1.00 0.00 X X 0 0 0 WAYNE L ROGERS TREASURER 1.00 0.00 X X 0 0 0 ROBERT L YOUNG III SECRETARY 1.00 0.00 X X 0 0 0 EDWARD S AHN MD MEMBER 1.00 0.00 X 0 0 0 Sharon L Akers Member 1.00 0.00 X 0 0 0 Robert A Bavar Member 1.00 0.00 X 0 0 0 Steven K Breeden Member 1.00 0.00 X 0 0 0 H Stacey Boyer Member 1.00 0.00 X 0 0 0 Curtis H Cornwell MEMBER 1.00 0.00 X 0 0 0 Michael W Cummings Member 1.00 0.00 X 0 0 0 Irvin deAndrei Drummond Member 1.00 0.00 X 0 0 0 JUDITH FADER MEMBER 1.00 0.00 X 0 0 0 MICHAEL I GREENEBAUM MEMBER 1.00 0.00 X 0 0 0 Harry Kassap MemBER 1.00 0.00 X 0 0 0 Glen S Kazerman 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 Kevin W Liles 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 Callie J Rahman 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 J Matthew Stover 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 CHARLES W BRITTON HEADMASTER 60.00 0.00 X 403873 0 54348 Sherri Voelkel Chief Financial Officer 50.00 0.00 X 147187 0 20400 John Brad Shelley Associate Headmaster 50.00 0.00 X 156728 0 78554 Cecilia Millar Upper School teacher 40.00 0.00 X 133057 0 17332 Darren Ford Head of Middle School 40.00 0.00 X 128486 0 33364 Eunice Deegan Co-Director of Athletics 40.00 0.00 X 121074 0 16295 WILLIAM RUSH HEAD OF SUMMER CAMP 40.00 0.00 X 115110 0 19692 Barbara Robins Head of Lower School 40.00 0.00 X 111946 0 31835 1317461 0 271820 16 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLE MD 21093 FOOD SERVICES 2250713 WF MILLER CO 106 LONGDALE ROAD TIMONIUM MD 21093 general contracting 528953 David S Brown Enterprises PO Box 548 Owings Mills MD 21117 Property Management 254828 West End Service Inc 8600 Frederick Road Ellicott City MD 21041 Vehicle repairs/maintenance 237502 Aroisa & Company LLC 16 Stenerson LA 3A Hunt Valley MD 21030 Mechanical Services - HVAC 170449 11 28941 10500 7737637 2261307 7777078 Tuition and Fees 611710 38986784 38986784 Instructional Camps 611710 2609656 2609656 Riding Program/Horse Shows 611710 1060941 1060941 Student Support 611710 921428 921428 campus housing 611710 207001 207001 189377 189377 43975187 1157823 14122 1143701 298452 298452 548089 356986 191103 191103 191103 37013465 26835416 442533 10178049 -442533 9735516 9735516 22050 28941 27661 -5611 -5611 227149 155995 71154 71154 Miscellaneous Revenue 611710 144396 144396 Insurance Proceeds 611710 10788 10788 155184 63355886 43975187 14122 11589499 8840354 8840354 913963 773783 140180 22444113 19882794 1639351 921968 1099813 955857 101057 42899 2733530 2079710 524511 129309 1582044 1364846 155387 61811 384462 384462 64673 64673 140269 140269 63745 63745 200283 96405 90324 13554 616335 802 577758 37775 2757631 2755151 2480 51880 22395 29485 1170803 1170803 3656327 3656327 409529 409529 UBIT Tax 6263 6263 Student Support 3971344 3938324 1372 31648 Instruction 1030799 1030799 General Admission 628380 14793 510922 102665 1867197 1084853 619991 162353 54633737 45723410 7096411 1813916 131912 3289503 10689729 11988777 4201146 3323275 607923 594250 153979 358868 895255 1301097 114226821 36500341 80204133 77726480 73950901 95554252 24552774 8072241 10672400 11138483 206060152 213347226 1935671 2001574 11511968 11391387 36437733 35732281 1750709 1146661 51636081 50271903 X 81431919 87331662 37060241 38085893 35931911 37657768 154424071 163075323 206060152 213347226 X 8722149 -990830 919933 X X 0 1 X 1 0 X 8142375 14713117 6582898 9088314 7777078 46303782 8142375 14713117 6582898 9088314 7777078 46303782 11900644 34403138 2301423 1585597 1603541 1928690 1990242 9409493 59245 39207 27938 9900 136290 208288 200837 391425 263117 404383 1468050 57317615 199191445 0.60020 0.62620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33750 189525 X 0 63594466 1754632 6747954 3300501 68796551 66559638 1374872 -1172535 3167509 63594466 68373579 342442 938917 3095300 66559638 48150087 14961532 6355737 1093777 68373579 43440460 975397 6581606 2857376 48140087 0.11140 0.54740 0.34120 0 0 76038 76038 82407158 27047223 55359935 9697020 5531209 4165811 22046605 3921909 18124696 77726480 LAND DEVELOPMENT COSTS 4870142 Assets Held in Annuity Trusts 1842378 Supplies 108011 Charitable Remainder unitrusts 3674543 Donated Assets 189525 Deferred Financing Costs 289007 Stock & Other Gifts Receivable 103034 Security Deposit 61843 11138483 ANNUITIES PAYABLE 809957 INTEREST RATE SWAP 336704 1146661 X 55241186 -990830 797054 -193776 55434962 7920924 7920924 63355886 46589934 442533 -8422591 -7980058 54569992 63745 63745 54633737 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, 2017 AND 2016. Part XI, Line 2d - Other Adjustments: change in value of assets held in annuity trusts 797,054. Part XI, Line 4b - Other Adjustments: Financial Aid Expense Netted with Revenue 8,840,354. Investment Expenses Netted with Investment Revenue 63,745. Cost of Goods Sold -155,995. Special Event Expense -27,661. Rental Expenses -356,986. Loss on Sale of Assets -442,533. Part XII, Line 2d - Other Adjustments: rental expenses netted with rental income 356,986. Change in Market Value of Interest Rate Swap -462,577. Special Event Expenses 27,661. Cost of Good Sold 155,995. FINANCIAL AID EXPENSE netted with revenue -8,840,354. Impairment Loss 339,698. Part XII, Line 4b - Other Adjustments: Investment Expenses Netted with Investment Revenue 63,745. 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 5980520 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 student recruitment for summer programs 22955 North America - Canada and Mexico, but not the United States 0 0 student enrichment Educational Study Abroad Trips 30770 north America - Canada and Mexico, but not the United States 0 0 Alumni Directory Service Fee 2566 0 0 0 0 0 0 6036811 0 6036811 0 0 1 0 1 0 X X X X X X 1 Marts & Lundy 1200 Wall St West 5th Fl Lyndhurst NJ 07071 Consulting Service 0 0 140269 -140269 140269 -140269 MD Alumni Golf Outing 50991 28941 22050 3552 7878 16231 50991 28941 22050 3552 7878 16231 27661 -5611 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 Remission 423 8840354 CASH GRANTED non-employee scholarships and financial aid and employee tuition support 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 CHARLES W BRITTON HEADMASTER 403183 0 0 0 690 0 16563 0 37785 0 458221 0 0 0 Sherri Voelkel Chief Financial Officer 146856 0 0 0 331 0 0 0 20400 0 167587 0 0 0 John Brad Shelley Associate Headmaster 156580 0 0 0 148 0 11408 0 67146 0 235282 0 0 0 Cecilia Millar Upper School teacher 129848 0 0 0 3209 0 9508 0 7824 0 150389 0 0 0 Darren Ford Head of Middle School 127408 0 0 0 1078 0 9474 0 23890 0 161850 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. EACH EMPLOYEE PAID THE SCHOOL THE AMOUNTS NOTED BELOW FOR THE USE OF THIS HOUSING. CHARLES W. BRITTON, HEADMASTER OF MCDONOGH SCHOOL - $17,090 JOHN BRAD SHELLEY, Associate Headmaster - $12,067 AS a nontaxable fringe benefit, membership fees were paid for CHARLES W. BRITTON, HEADMASTER OF MCDONOGH SCHOOL, in the amount of $11,395. A MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 2013-12-01 11800000 To refinance 2005 Bonds 0 0 0 B 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 A 2322359 11800000 55000 11745000 2013 1 0 1 1 B 12000000 38662174 697687 457748 37574667 2014 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 1 suntrust 15.000000000000 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 CHild of trustee 16660 tuition assistance Education Child of Trustee 41624 tuition remission Education X 1 33750 Appraisal value X 47 2227557 FAIR MARKET VALUE 1 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 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. 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 462,577. change in value of assets held in annuity trusts -11,628. change in value of annuities payable 30,351. Change in Charitable Remainder Unitrust 678,167. Change in Value of Trust & Gift Annuities 100,164. Impairment Loss -339,698. 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 244278 299572 mcdonogh school incorporated MCDONOGH PARENTS ASSOCIATION PO BOX 380 OWINGS MILLS MD 21117 526019724 TO SUPPORT MCDONOGH SCHOOL MD 501(C)(3) 12 0 CHARITABLE REMAINDER UNITRUST (4) 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