2018-05-14T09:50:41-05:00 2017-06-30 520959934 ELLIN & TUCKER CHARTERED 400 EAST PRATT ST SUITE 200 BALTIMORE MD 21202 990 2016-07-01 520591625 THE PARK SCHOOL OF BALTIMORE PARK 4103397070 2425 OLD COURT ROAD BALTIMORE MD 21208 JOAN WEBBER DIRECTOR OF FINANCE 4103397070 2018-05-07 1 ELISABETH J DEMBECK P01062953 4107275735 2016 2022-09-23 18:48:47Z JOAN WEBBER 2425 OLD COURT ROAD BALTIMORE MD 21208 38318663 0 X WWW.PARKSCHOOL.NET X 1940 MD TO PROVIDE EDUCATION TO STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 34 34 412 1000 177 0 2337352 2832657 22708393 24589849 1243725 1137431 573265 376344 26862735 28936281 5668929 6883576 0 0 14164145 15493749 0 0 671658 6888068 6351932 26721142 28729257 141593 207024 68889468 71991439 16809945 16383991 52079523 55607448 X THE PARK SCHOOL, FOUNDED IN 1912, IS A NON-SECTARIAN, INDEPENDENT CO-EDUCATIONAL DAY SCHOOL EDUCATING STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. AS ONE OF THE EARLY PROGRESSIVE SCHOOLS, PARK'S CORE VALUES TODAY, AS AT ITS FOUNDING, ARE A BELIEF IN CHILDREN'S CAPACITY TO ENJOY LEARNING, TO ACT RATIONALLY, AND TO GROW WHEN INSPIRED BY HIGHLY QUALIFIED, CARING TEACHERS. A COMMITMENT TO EQUITY AND INCLUSIVENESS ARE FUNDAMENTAL TO PARK'S PHILOSOPHY. 0 0 18405850 6883576 23233502 INSTRUCTION & OTHER ACADEMIC PROGRAM EXPENSES - GENERAL OPERATION OF THE SCHOOL; PROVIDING BASIC EDUCATION FOR GRADES KINDERGARTEN THROUGH TWELVE. 1580034 1435244 AUXILIARY PROGRAMS & SPECIAL ACTIVITIES - EXPENSES ASSOCIATED WITH PROVIDING SUMMER CAMP, EXTENDED DAY, AND SPECIAL PROGRAMS FOR THE BENEFIT OF THE STUDENTS. 19985884 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 55 0 1 412 1 0 0 0 0 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 MD X X JOAN WEBBER 4103394161 2425 OLD COURT ROAD BALTIMORE MD 21208 ADRIENNE PERES MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 AMY MILLIN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 ELIZABETH BERNER VICE PRESIDENT-BOARD OF TRUSTEES 1.00 X X 0 0 0 BRAD MENDELSON MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 BRUCE FLEMING MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 CHARLES JACOBS MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 DAN CUMMINGS MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 DANESHA BALL MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 DANIEL HIRSCHHORN PRESIDENT-BOARD OF TRUSTEES 1.00 X X 0 0 0 DEVY RUSSELL MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 ELISABETH SACHS MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 JANE FRANKEL SIMS MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 JEAN WYMAN SECRETARY-BOARD OF TRUSTEES 1.00 X X 0 0 0 JOANNE GOLD MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 JOSEPH SCHAPIRO MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 KAREN SIROTA WEINSTEIN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 LEN WEINBERG MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 LILA SHAPIRO-CYR MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 MERETE SERCK-HANSSEN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 NDO OSIAS MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 NICHELLE HERMANN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 NICOLA HELLER MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 PHILIP SACHS MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 RAJ KRISHNAN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 RAMESH MOORTHY MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 REID CURLEY TREASURER-BOARD OF TRUSTEES 1.00 X X 0 0 0 SARAH BAIRD MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 STACEY KUNAR MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 TIM PICKERING MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 TOM WETZLER MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 DANIEL PARADIS HEAD OF SCHOOL 40.00 X 291222 0 61719 JOAN WEBBER DIRECTOR OF FINANCE AND OPERATIONS 40.00 X 187258 0 21199 JOSHUA WOLF MIDDLE SCHOOL PRINCIPAL 40.00 X 108120 0 107524 LISA SUN LOWER SCHOOL PRINCIPAL 40.00 X 109229 0 71228 NANCY DICKSON UPPER SCHOOL PRINCIPAL 40.00 X 103780 0 28038 ROGER SEIDENMAN DIRECTOR OF DEVELOPMENT 40.00 X 164512 0 66381 TRACI WRIGHT UPPER SCHOOL DEAN OF STUDENTS 40.00 X 102874 0 14368 1066995 0 370457 7 0 1 0 FLIK PO BOX 417632 BOSTON MA 02241 CAFETERIA 457589 CHRISTAR INC 2335 WILLOW VALE DRIVE FALLSTON MD 21047 CLEANING 289830 EMS TECHNOLOGIES 2134 ESPEY COURT SUITE 5 CROFTON MD 21114 CONSTRUCTION 121563 CAROL O'BRIEN ASSOCIATES 3211 SHANNON RD SUITE 100 DURHAM NC 27707 CONSULTING 104482 4 12343 2820314 162040 2832657 TUITION & FEES 611600 23233502 23233502 CAFETERIA 722210 450711 450711 SUMMER CAMP 611600 365609 365609 EXTENDED STAY 611600 265792 265792 OTHER PROGRAM SERVICES 611600 142218 142218 132017 132017 24589849 649482 649482 324286 48415 275871 275871 275871 9696455 9207544 962 488911 -962 487949 487949 146860 125461 21399 21399 MISCELLANEOUS 611600 78897 78897 OTHER INVESTMENT INCOME 525990 177 177 79074 28936281 24668746 177 1434701 6883576 6883576 504608 377777 126831 12423188 8943038 3002442 477708 716821 519968 168822 28031 920653 478043 422524 20086 928479 689353 206896 32230 55312 55312 32851 32851 132928 132928 59508 59508 175111 6107 169004 145745 15998 120011 9736 128608 1849 126759 345378 345378 5019 5019 321148 321148 1511149 1511149 139209 137799 1410 REPAIRS & MAINTENANCE 738662 738662 EDUCATION/EXTENDED DAY 616327 616327 EVENTS & ACTIVITIES 605083 502626 102457 CAFETERIA & BUSINESS OP 517562 517562 822332 433660 388672 28729257 19985884 8071715 671658 20929 62624 8278043 9465491 921105 662442 337204 323302 16530 53044 22844 31759 751847 659830 41677761 17230511 24606856 24447250 25144096 27289161 8669241 8887116 120773 109420 68889468 71991439 1545836 1591671 3542915 3711081 11071969 10492007 25231 18834 623994 570398 16809945 16383991 X 23326885 27182491 9793628 9280110 18959010 19144847 52079523 55607448 68889468 71991439 X 207024 3000442 320459 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 10 30.00 1 0 33396350 1704487 3949195 1669520 37380512 36233844 1211381 -1595057 2443818 33396350 34364917 2108567 1069040 1318680 36223844 29150681 1769419 4646290 1201473 34364917 25520046 1709149 3048174 1126688 29150681 0.26130 0.51220 0.22650 0 0 3771067 3771067 32427200 16241795 16185405 5220071 988716 4231355 259423 259423 24447250 PRIVATE INVESTMENT FUNDS 8887116 C 8887116 FUNDS HELD FOR STUDENT ORGANIZATIONS 33164 INTEREST RATE SWAP CONTRACT 277078 CAPITAL LEASE OBLIGATION 260156 570398 X 23850043 3000442 -7969275 -4968833 28818876 117405 117405 28936281 20322118 0 20322118 117405 8289734 8407139 28729257 PART II, LINE 9: THE EXPENSES ARE CATEGORIZED AS ENGINEERING, PERMITS AND OTHER ASSOCIATED FEES. THERE IS NOT A FOOTNOTE IN THE FINANCIAL STATEMENTS FOR THE CONSERVATION EASEMENTS. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO ALLOW THE SCHOOL TO CONTINUE TO CARRY OUT ITS MISSION OF PROVIDING EXTRAORDINARY EDUCATION FOR ITS STUDENTS. THE ENDOWMENT SUPPORTS CURRENT OPERATIONS AND HELPS SECURE FINANCIAL STABILITY AS THE SCHOOL ENTERS ITS SECOND CENTURY. PART X, LINE 2: THE SCHOOL FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE CODIFICATION. THE CODIFICATION REQUIRES THE EVALUATION OF TAX POSITIONS, WHICH INCLUDE MAINTAINING ITS TAX-EXEMPT STATUS AND THE TAXABILITY OF ANY UNRELATED BUSINESS INCOME, AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A MORE-LIKELY-THAN-NOT THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS TO STUDENTS -6,883,576. AUXILIARY EXPENSES NETTED WITH INCOME ON FINANCIAL STATEMENTS -1,406,158. UNREALIZED GAIN INTEREST RATE SWAP CONTRACT 320,459. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS TO STUDENTS 6,883,576. AUXILIARY EXPENSES NETTED WITH INCOME ON FINANCIAL STATEMENTS 1,406,158. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ORGANIZATION IS INCLUDED IN THE ANNUAL PUBLICATION OF THE NOTICE OF NONDISCRIMINATORY POLICY AS TO STUDENTS IN ADDITION TO BEING STATED IN ADVERTISEMENTS AND ADMISSION MATERIALS. SCHEDULE E, PART I, LINE 6 THE PARK SCHOOL RECEIVES FEDERAL FUNDS FROM THE E-RATE PROGRAM THAT SUBSIDIZES INTERNET SERVICES. THE AMOUNT OF FUNDING THAT WAS RECEIVED FOR FY 2017 WAS $12,343. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS ONLY 5702301 0 0 0 0 0 0 5702301 0 5702301 0 0 0 1 1 0 1 TUITION ASSISTANCE 360 6883576 PART I, LINE 2: FAMILIES RECEIVING FINANCIAL ASSISTANCE MUST GO THROUGH AN EXTENSIVE APPLICATION PROCESS. THEIR FINANCIAL AID AWARD IS DETERMINED BASED ON MULTIPLE FACTORS INCLUDING AMOUNG OTHERS, INCOME, ASSETS, AND LIABILITIES. FAMILIES MUST RE-APPLY FOR EACH SCHOOL YEAR. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DANIEL PARADIS HEAD OF SCHOOL 248964 0 0 0 42258 0 15900 0 45819 0 352941 0 0 0 JOAN WEBBER DIRECTOR OF FINANCE AND OPERATIONS 169258 0 0 0 18000 0 11520 0 9679 0 208457 0 0 0 JOSHUA WOLF MIDDLE SCHOOL PRINCIPAL 108120 0 0 0 0 0 7184 0 100340 0 215644 0 0 0 LISA SUN LOWER SCHOOL PRINCIPAL 109229 0 0 0 0 0 7010 0 64219 0 180458 0 0 0 ROGER SEIDENMAN DIRECTOR OF DEVELOPMENT 164512 0 0 0 0 0 9871 0 56510 0 230893 0 0 0 PART I, LINE 1A DAN PARADIS, HEAD OF SCHOOL, IS THE ONLY EMPLOYEE RECEIVING ANY OF THESE BENEFITS. THESE BENEFITS ARE INCLUDED IN DAN PARADIS'S W-2 TAXABLE COMPENSATION AND ARE PART OF HIS COMPENSATION PACKAGE. A MARYLAND HEALTH AND HIGHER EDUCATION FACILITY 520936091 2010-12-01 14590000 REFUNDING OF 2000 AND 2002 BONDS 0 0 0 A 3983561 14590000 14590000 2011 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 SUNTRUST 10.000000000000 0 0 0 0 0 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MARYLAND HEALTH AND HIGHER EDUCATION FACILITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/06/2014 CHILD OF TRUSTEE 73398 TUITION ASSISTANCE EDUCATION X 21 162040 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH INCLUDES THE OFFICERS OF THE CORPORATION, REVIEWS THE 990 WITH THE ADMINISTRATION, AND THEN THE 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING BY THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY READ AND SIGN THE CONFLICT OF INTEREST POLICY AND TO DISCLOSE, IF NECESSARY, ANY CONFLICTS THEY HAVE. AT THE BEGINNING OF EACH FISCAL YEAR, ALL SENIOR MANAGEMENT AND ALL COMMITTEE MEMBERS, BOARD OF TRUSTEES OR OTHERWISE, RECEIVE THE CONFLICT OF INTEREST POLICY. THEY ARE GATHERED BY THE HEAD OF SCHOOL'S ASSISTANT TO ASCERTAIN THAT ONE HAS BEEN RECEIVED BY EACH PERSON. THE POLICY PROVIDES A DEFINITION OF A CONFLICT OF INTEREST AND STATES THE INDIVIDUAL'S RESPONSIBILITY FOR DISCLOSING CONFLICTS. GENERALLY, MEMBERS SELF-IDENTIFY IF AND WHEN ONE SHOULD ARISE. IF THEY ARE UNCERTAIN AS TO WHETHER OR NOT A CONFLICT ACTUALLY EXISTS, THEY WILL CONSULT WITH THE COMMITTEE CHAIR OR STAFF MEMBER, OR THEY MAY ASK THE COMMITTEE. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL RECUSES HIMSELF FROM THE CONVERSATION AS TO NOT INFLUENCE THE DECISIONS OR RECOMMENDATIONS MADE BY THE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 A REVIEW IS PERFORMED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND SCHOOL COUNSEL TO DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL. FOR OTHER KEY EMPLOYEES AND TOP MANAGEMENT, SALARIES ARE DETERMINED BY THE HEAD OF SCHOOL. WHEN DETERMINING SALARIES, THE HEAD OF SCHOOL AND CFO REVIEW AND CONSIDER PEER SCHOOL DATA MADE AVAILABLE BY NAIS AND AIMS. THEY ALSO REVIEW THE FORM 990S OF PEER SCHOOLS TO DETERMINE THAT KEY EMPLOYEES RECEIVE COMPARABLE PAY. THE EMPLOYEE SALARY PERCENTAGE INCREASE IS APPROVED BY THE BOARD OF TRUSTEES AND DOCUMENTED IN THE BOARD OF TRUSTEE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE PARK SCHOOL BALTIMORE'S FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.COM. THE PARK SCHOOL OF BALTIMORE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON FMV OF INTEREST RATE SWAP CONTRACT 320,459. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE PARK SCHOOL PARENTS ASSOCIATION INC 2425 OLD COURT ROAD BALTIMORE MD 21208 237280445 COMMUNICATIONS, PARENT EDUCATION, COMMUNITY SUPPORT, SPECIAL PROJECTS MD 501(C)(3) LINE 12C, III-FI NONE 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0