2018-05-11T08:10:41-05:00 2017-06-30 222428965 CITRIN COOPERMAN & COMPANY LLP 2 BETHESDA METRO CENTER 11TH FLOOR BETHESDA MD 20814 990 2016-07-01 540505925 THE MADEIRA SCHOOL INC MADE 7035568241 8328 GEORGETOWN PIKE MCLEAN VA 221021203 ALEX HEIBERGER CFO 7035568241 2018-05-10 1 BRIAN J GIGANTI P00646609 3016549000 2016 2022-09-23 18:48:47Z ALEXANDER C HEIBERGER 8328 GEORGETOWN PIKE MCLEAN VA 221021203 38264236 0 X WWW.MADEIRA.ORG X 1906 VA MADEIRA IS A GIRLS SCHOOL BY DESIGN WHERE EVERY ASPECT OF ACADEMIC, SOCIAL AND ATHLETIC LIFE IS DIRECTED TOWARD EDUCATING THE NEXT GENERATION OF YOUNG WOMEN FOR LEADERSHIP. 26 26 280 250 48642 -15188 8204616 6300657 17752306 18591243 1270255 2461713 0 0 27227177 27353613 3389971 3396087 0 0 10260791 10756854 0 31391 1777433 9854411 9876387 23505173 24060719 3722004 3292894 157333881 167070819 33831092 34415811 123502789 132655008 X EDUCATION - FOUNDED IN 1906, MADEIRA IS A BOARDING AND DAY COLLEGE PREPARATORY SCHOOL FOR GIRLS IN GRADES NINE THROUGH TWELVE. MADEIRA IS A GIRLS SCHOOL BY DESIGN WHERE EVERY ASPECT OF ACADEMIC, SOCIAL AND ATHLETIC LIFE IS DIRECTED TOWARD EDUCATING THE NEXT GENERATION OF YOUNG WOMEN FOR LEADERSHIP. 0 0 18407208 3396087 18541901 BOARDING SCHOOL FOR GIRLS PROVIDING HIGH SCHOOL EDUCATION (318 STUDENTS) 18407208 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 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 1 280 1 1 1 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X ALEXANDER C HEIBERGER CFO 7035568241 THE MADEIRA SCHOOL MCLEAN VA 221021203 CATHY HARRIS SHRAGA PRESIDENT 3.00 X X 0 0 0 GAITHER SMOOT DEATON VICE PRESIDENT 3.00 X X 0 0 0 HEATHER MUIR JOHNSON VICE PRESIDENT 3.00 X X 0 0 0 HARRY KLAFF TREASURER 3.00 X X 0 0 0 ANITA TOLANI SECRETARY 3.00 X X 0 0 0 PILAR CABEZA DE VACA HEAD OF SCHOOL 40.00 X X 306639 0 87637 MARYETTA ANSCHUTZ DIRECTOR 3.00 X 0 0 0 BROOKE STROUD CARNOT DIRECTOR 3.00 X 0 0 0 WILLIAM F DUNBAR DIRECTOR 3.00 X 0 0 0 ANNE FAIRCLOTH DIRECTOR 3.00 X 0 0 0 MARY C FREDIANI DIRECTOR 3.00 X 0 0 0 ANNE MURRAY GAMBAL DIRECTOR 3.00 X 0 0 0 RICHARD P HALL DIRECTOR 3.00 X 0 0 0 ELIZABETH MEEHAN HEWITT DIRECTOR 3.00 X 0 0 0 PAGE HOPKINS DIRECTOR 3.00 X 0 0 0 KIMBERLY HUGHES-MOAZED DIRECTOR 3.00 X 0 0 0 CARRIE SOUTHWORTH JOHNSON DIRECTOR 3.00 X 0 0 0 LOUISE STILLMAN LEHRMAN DIRECTOR 3.00 X 0 0 0 TIM H MEYERS DIRECTOR 3.00 X 0 0 0 NANCY MILLER MONTGOMERY DIRECTOR 3.00 X 0 0 0 ELIZABETH BREUL O'ROURKE DIRECTOR 3.00 X 0 0 0 REENA LAWANDE PANDE DIRECTOR 3.00 X 0 0 0 KUMEA SHORTER-GOODEN DIRECTOR 3.00 X 0 0 0 MARGARET SOTOS DIRECTOR 3.00 X 0 0 0 CATHERINE STUART DIRECTOR 3.00 X 0 0 0 GORDON M THOMAS DIRECTOR 3.00 X 0 0 0 SUSAN HANIFIN ASSISTANT SECRETARY 3.00 X 0 0 0 ALEXANDER C HEIBERGER CHIEF FINANCIAL OFFICER 40.00 X 206083 0 47726 LOUISE PETERSON DIRECTOR OF DEVELOPMENT 40.00 X 137654 0 75957 ANDRE WITHERS DIRECTOR OF CO-CURRICULUM/ASST. HEAD OF SCHOOL 40.00 X 103762 0 62927 ANN DEEGAN ASSISTANT CFO AND COMPTROLLER 40.00 X 111006 0 22304 MARY ANN MAHONEY ACADEMIC DEAN 40.00 X 147205 0 25470 1012349 0 322021 6 0 1 0 GTR TURF INC 7925 RICHMOND HWY ALEXANDRIA VA 22306 CONSTRUCTION 2332094 SODEXHO INC & AFFILIATES 9801 WASHINGTON BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICE 586015 RED COATS INC 4401 EAST WEST HIGHWAY BETHESDA MD 20814 CLEANING SERVICES 559264 CENTERBROOK ARCHITECTS AND PLANNERS LLP 67 MAIN STREET PO BOX 955 CENTERBROOK CT 06409 ARCHITECTURAL SERVICES 374411 ALLIED BARTON SECURTIY SERVICES 161 WASHINGTON STREET SUITE 600 CONSHOHOCKEN PA 19428 SECURITY 208486 7 6300657 340764 6300657 TUITION & BOARD 900099 16644241 16644241 AUXILIARY ACTIVITIES 900099 1947002 1897660 49342 18591243 1094187 -700 1094887 12266348 11801 10910623 0 1355725 11801 1367526 1367526 27353613 18541901 48642 2462413 X 3396087 3396087 1057455 1057455 7628584 6040145 783671 804768 622820 483822 70211 68787 831836 643072 94970 93794 616159 450834 106051 59274 51335 51335 102520 102520 31391 31391 647742 647742 2605098 2000794 185107 419197 919761 576579 168017 175165 92587 92587 2959658 2959658 204290 112632 39906 51752 250513 134838 107492 8183 48476 48476 1447764 1447764 292222 40621 251601 OTHER MGT & GENERAL COS 254421 27775 161524 65122 24060719 18407208 3876078 1777433 17382035 23347818 10371687 10965043 2198021 1763687 110959 103139 541630 558048 80240555 17981077 60740285 62259478 30985683 27423565 31090762 37777725 3912819 2872316 157333881 167070819 2225108 2175812 9844268 10652710 16030000 15380000 1843601 3563601 3888115 2643688 33831092 34415811 X 51822823 54661490 25751542 30618471 45928424 47375046 123502789 132655008 157333881 167070819 X 3292894 3909032 1950293 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60738871 770223 5512331 2559754 64461671 63253288 343432 2857849 60738871 62364276 2982299 245489 2338776 63253288 56003553 1384921 7225728 2249926 62364276 51721133 998391 5763265 2479236 56003553 0.10150 0.71200 0.18650 0 0 236766 236766 66221536 12600148 53621388 1395549 908262 487287 12386704 4472667 7914037 62259478 GF CAP PRIVATE FUND 335081 F GENERATION IM GLOBAL FUND 7519451 F GLENHILL LONG FUND 3446394 F PERMAL MACRO HOLDINGS, LTD 2362442 F LOOMIS SAYLES HIGH GRADE CORPORATE BONDS 2556821 F SOMERSET SMALL MID CAP EM ALL COUNTRY FUND 3160609 F BLUE TREND FUND LIMITED 2675582 F EJF SPECIALTY FINANCE OPPORTUNITIES OFFSHORE 1069374 F GOLUB CAPITAL INVESTMENT CORP 150000 F GOVERNORS LANE 2250000 F COMMONFUND GLOBAL DISTRESSED 243403 F STONE MILLINER MACRO FUND INC 3576585 F WEATHERLOW OFFSHORE FUND 1, LTD 5419888 F HARVEST MLP INCOME FUND III, LLC 3012095 C 37777725 INTEREST RATE SWAP AGREEMENT 2643688 2643688 X 29190706 3909032 -1422748 2486284 26704422 649191 649191 27353613 20038488 0 20038488 649191 3373040 4022231 24060719 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE SCHOOL IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME. THERE WERE NO INCOME TAXES ON UNRELATED BUSINESS INCOME ACTIVITIES IN 2017 AND 2016. THE SCHOOL HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE VARIOUS JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE SCHOOL FILES FORMS 990 AND 990-T (INFORMATION AND TAX RETURNS) IN THE FEDERAL JURISDICTION AND THEIR EQUIVALENTS IN THE STATE OF VIRGINIA. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRES THE SCHOOL'S MAMAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT BY SUSTAINTED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SCHOOL'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AT JUNE 30, 2017, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) O DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 112,509. GAIN ON FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 1,244,427. CHANGE IN VALUE OF CONTRIBUTIONS RECEIVABLE (BEGINNING VERSUS ENDING BALANCE 593,356. FINANCIAL AID INCLUDED IN REVENUES FOR FINANCIAL STATEMENT PURPOSES -3,373,040. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,373,040. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 INCLUDED IN ALL NEWSPAPER ADVERTISEMENTS AND IN LISTING OF "BUNTING AND LYON DIRECTORY OF PRIVATE SCHOOLS". X X X X 1 GRAHAM-PELTON CONSULTING 1101 PENNSYLVANIA AVE NW 7TH FLOO WASHINGTON DC 20004 COUNSEL AND ADVICE 0 0 31391 0 31391 VA SCHEDULE G, PART I, LINE 2B, COLUMN (V) FUNDRAISING ADVICE AND COUNSEL 0 FINANCIAL AID AWARDED TO 111 STUDENTS FMV TUITION/FEES PERSONS RECEIVING GRANTS NOT REPORTING FINANCIAL AID BY STUDENT IS COVERED BY 20 U.S.C. 1232G. X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 PILAR CABEZA DE VACA HEAD OF SCHOOL 281439 0 0 0 25200 0 24897 0 62740 0 394276 0 0 0 ALEXANDER C HEIBERGER CHIEF FINANCIAL OFFICER 206083 0 0 0 0 0 19548 0 28178 0 253809 0 0 0 LOUISE PETERSON DIRECTOR OF DEVELOPMENT 122654 0 0 0 15000 0 13352 0 62605 0 213611 0 0 0 ANDRE WITHERS DIRECTOR OF CO-CURRICULUM/ASST. HEAD 103762 0 0 0 0 0 9939 0 52988 0 166689 0 0 0 MARY ANN MAHONEY ACADEMIC DEAN 129205 0 0 0 18000 0 13180 0 12290 0 172675 0 0 0 PART I, LINE 1A THE VALUE OF HOUSING PROVIDED TO EMPLOYEES WHO LIVE ON CAMPUS IS BASED ON LOCAL REAL ESTATE RENTAL RATES FOR SIMILAR SIZED HOUSING AND IS INCLUDED IN TOTAL COMPENSATION FOR FORM 990 PURPOSES. PART I, LINE 3 THE COMPENSATION OF THE EMPLOYEES (OFFICERS) IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE SCHOOL PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION AGREEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 546001266 2010-02-02 18965000 REFUNDING OF SERIES 2003 BOND 0 0 0 A 18965000 18965000 2006 1 0 1 1 A 0 1 0 0 0.00040 0.00040 0 0 0 A 0 0 0 0 1 1 MORGAN STANLEY 30.000000000000 1 0 0 0 0 A 0 X 18 323764 FAIR MARKET VALUE X HORSES 4 17000 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): PARRT I, LINES 9 AND 25 THE SCHOOL REPORTS THE CONTRIBUTION OF SECURITIES (PUBLICLY TRADED) AND HORSES AS SEPERATE GIFTS BASED ON THE NUMBER OF INSTANCES RECEIVED RATHER THAN A GIFT FOR EACH SHARE OR ITEM RECEIVED. PART 1, LINES 9 AND 25, COLUMN D: THE SCHOOL DETERMINED THE METHOD OF REVENUES AS THE FAIR MARKET VALUE OF THE PUBLICLY TRADED SECURITIES ON THE DAY OF THE GIFT. WITH RESPECT TO GIFTS OF HORSES, FAIR MARKET VALUE IS DETERMINED BASED ON THE ANIMAL'S VALUE TO THE SCHOOL'S RIDING PROGRAM, WHICH MAY BE DIFFERENT FROM THEIR VALUE AS A SHOW HORSE. PART I, LINE 32B: THE SCHOOL USES A THIRD PARTY BROKERAGE FIRM TO SELL PUBLICLY TRADED STOCKS. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. FORM 990, PART VI, SECTION B, LINE 12C AT THE FIRST BOARD MEETING EACH FISCAL YEAR, BOARD MEMBERS AND KEY EMPLOYEES ARE GIVEN A FORM TO FILL OUT AND SIGN. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE SCHOOL PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILIARLY SITUATED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 990 IS MADE AVAILABLE UPON REQUEST. OTHER ORGANIZATIONAL DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 2,000,794. MANAGEMENT AND GENERAL EXPENSES 185,107. FUNDRAISING EXPENSES 419,197. TOTAL EXPENSES 2,605,098. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 112,509. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 1,244,427. CHANGE IN CONTRIBUTIONS RECEIVABLE BETWEEN BEGINNING AND END OF YEAR 593,357. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THE PROCESS BY WHICH THE AUDIT COMMITTEE CONDUCTS AND APPROVES THE AUDIT.