2017-12-19T14:31:23-06:00 2017-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2016-07-01 520591645 OLDFIELDS SCHOOL INC OLDF 4104724800 1500 Glencoe Road Glencoe MD 21152 Zachary Carlile TRUSTEE, Finance Chair 4104724800 2017-12-18 1 Mike Young P00236952 4104031500 2017-12-15 50.206.141.66 2017-12-18 15:02:59 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F046CECD41032A94B50A0BCB1B86B7140E445274 2016 2018-03-14 21:41:22Z Ansley Smithwick 1500 Glencoe Road Glencoe MD 21152 12363290 0 X OLDFIELDSSCHOOL.org X 1926 MD TO PROVIDE EDUCATION OF STUDENTS PRIMARILY IN GRADES 8 THROUGH 12. 21 21 95 61 0 0 1551733 1861954 8902290 8879031 288388 175456 25349 32548 10767760 10948989 1328747 1396646 0 0 4213113 4244936 0 0 264915 4836373 4679683 10378233 10321265 389527 627724 24993227 26554241 4538376 4585045 20454851 21969196 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 7736086 1396646 8879031 FOUNDED IN 1867, OLDFIELDS SCHOOL COMBINES TRADITION AND INNOVATION WHILE REMAINING TRUE TO ITS FUNDAMENTAL MOTTO, "COURAGE, HUMILITY, AND LARGENESS OF HEART." APPROXIMATELY 180 BOARDING AND DAY GIRLS ARE ENROLLED, AND 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. 7736086 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 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 54 0 95 1 0 0 0 0 0 0 0 0 0 0 X 21 21 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 HILARY GARDNER SWAIN Chair 1.00 X X 0 0 0 R Augustus Edwards Vice Chair 1.00 X X 0 0 0 Zachary Carlile 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 DAVID C CARROLL TRUSTEE 1.00 X 0 0 0 Richard C Darrell Trustee (Part) 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 CARLISLE VANMETER MAYER TRUSTEE 1.00 X 0 0 0 Scott Menzies TruSTEE 1.00 X 0 0 0 Nancy Palmer TrusTEE 1.00 X 0 0 0 Susan s Repko trusTEE 1.00 X 0 0 0 HAWLEY ROGERS TRUSTEE 1.00 X 0 0 0 Valerie Sill TruSTEE 1.00 X 0 0 0 GAY RICHARDSON SMITH TRUSTEE 1.00 X 0 0 0 Ramsay M Whitworth Esq TruSTEE 1.00 X 0 0 0 PARNELL HAGERMAN HEAD OF SCHOOL (PART) 40.00 X 225221 0 60795 Bryan Engle CFO/Business Manager 40.00 X 116561 0 23018 Ansley Smithwick INTERIM HEAD OF SCHOOL (PART) 40.00 X 80607 0 19946 422389 0 103759 2 0 1 0 Compass Group USA Inc PO Box 417632 Boston MA 02241 Food/Dining Services 752441 PPM-Mid Atlantic 507 Wyngate Road Lutherville MD 21093 Facilities/Custodial 500681 Southway Builders Inc 1318 E Fort Avenue Baltimore MD 21230 Construction 412680 SSC Service Solutions PO Box 742268 Atlanta GA 30374 Facilities/Custodial 183391 JG Benhoff LLC 16922 Hereford Road Monkton MD 21111 Construction 172521 6 1861954 107524 1861954 Tuition & Fees 611710 8188613 8188613 Auxiliary Activities 611710 690418 690418 8879031 156852 156852 13279 13279 1406876 1388272 18604 18604 18604 45298 26029 19269 19269 10948989 8879031 0 208004 X 1396646 1396646 552743 363187 180543 9013 2895021 1899008 949391 46622 161860 100381 58400 3079 383470 271589 105475 6406 251842 169264 78427 4151 70488 70488 36951 36951 53348 53348 1623337 1554921 68416 33898 17757 16141 471425 168989 286427 16009 129872 129872 589226 575323 13903 57036 45790 11246 138706 138706 671609 671609 155575 12834 142741 Special Events 178619 178619 EQUESTRIAN 151717 151717 STUDENT LIFE 54258 54258 MISCELLANEOUS 52037 23067 28869 101 211581 121040 89626 915 10321265 7736086 2320264 264915 1573927 1979027 999895 1296938 1088674 1280900 24812 44722 37817 90820 82297 27178076 14298767 12961947 12879309 251100 1062694 7939582 7876389 42560 34058 24993227 26554241 457009 540424 1090903 1059621 2985000 2985000 5464 0 4538376 4585045 X 10115177 10173962 4825924 5528391 5513750 6266843 20454851 21969196 24993227 26554241 627724 886621 0 X X 0 1 X 1 0 X 2790490 2112388 2174605 1551733 1861954 10491170 2790490 2112388 2174605 1551733 1861954 10491170 2619266 7871904 205542 389649 175968 207362 170131 1148652 42305 42086 44080 39791 45298 213560 11853382 42580929 0.66410 0.68250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 5.90 0 0 0 1 1 9.00 0 7831188 330491 1046237 453282 33570 8721064 8005654 293489 -18727 420000 29228 7831188 7681982 354479 313597 320000 24404 8005654 7176732 86978 1057913 616659 22982 7681982 6601795 213614 702076 320000 20753 7176732 0.12830 0.66610 0.20560 0 0 796298 796298 23342034 12216369 11125665 1909088 1518631 390457 1130656 563767 566889 12879309 MULTI-STRATEGY EQUITY FUND 5092024 F MULTI-STRATEGY BOND FUND 2360681 F CASH SURRENDER VALUE OF LIFE INSURANCE 211402 F HATTERAS MULTI-STRATEGY TEI FUND 126396 F INTEREST IN OIL AND GAS LEASE 85886 F 7876389 X 10411645 886621 26029 912650 9498995 53348 1396646 1449994 10948989 8897300 26029 26029 8871271 53348 1396646 1449994 10321265 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 ORGANIZATION USES THE ENDOWMENT FUNDS AS SUPPORT FOR OPERATING EXPENSES THAT ARE NECESSARY TO FULFILL THE ORGANIZATION'S EXEMPT PURPOSE. The endowment funds are invested under the school's investment policies 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, 2017 and 2016. Part XI, Line 2d - Other Adjustments: Cost of Goods Sold netted with revenue 26,029. Part XI, Line 4b - Other Adjustments: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,396,646. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold netted with revenue 26,029. Part XII, Line 4b - Other Adjustments: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,396,646. 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 10964 0 0 0 0 0 0 10964 0 10964 0 0 0 0 0 0 1 FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AWARDED TO STUDENTS 55 1396646 Part I, Line 2: THE STUDENT'S PARENT(S) APPLIES FOR THE FINANCIAL AID BY COMPLETING THE UNIFORM SSS FORM. MANAGEMENT REVIEWS THE SSS FORMS 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 PARNELL HAGERMAN HEAD OF SCHOOL (PART) 224866 0 0 0 355 0 15750 0 45045 0 286016 0 0 0 Part I, Line 1a AS A CONDITION OF EMPLOYMENT, PARNELL HAGERMAN WAS PROVIDED ON CAMPUS HOUSING FOR THE CONVENIENCE AND BENEFIT OF THE ORGANIZATION. THIS HOUSING IS NOT TAXABLE AND IS INCLUDED IN NONTAXABLE BENEFITS. X 1 0 Value not determined X 0 Value not determined X 15 107524 FAIR MARKET VALUE X Horse 1 0 Value not determined X Gym equipment 2 0 Value not determined 0 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 COMPENSATION 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 3,115. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,115. CONTRACT SERVICES: Program service expenses 801,492. Management and general expenses 0. Fundraising expenses 0. Total expenses 801,492. CONTRACT SERVICES-FOOD SERVICE: Program service expenses 711,894. Management and general expenses 0. Fundraising expenses 0. Total expenses 711,894. OFFICIATING and Contract Services-ATHLETICS: Program service expenses 17,799. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,799. CONSULTANTS-TECHNOLOGY: Program service expenses 0. Management and general expenses 3,000. Fundraising expenses 0. Total expenses 3,000. Contract Services -ADMINISTRATION: Program service expenses 0. Management and general expenses 7,536. Fundraising expenses 0. Total expenses 7,536. CONTRACT SERVICES - HUMAN RESOURCES: Program service expenses 0. Management and general expenses 24,118. Fundraising expenses 0. Total expenses 24,118. Contract Services - Head of School: Program service expenses 0. Management and general expenses 33,762. Fundraising expenses 0. Total expenses 33,762. Contract Services - Equestrian: Program service expenses 20,521. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,521. Contract Services - Transportation: Program service expenses 100. Management and general expenses 0. Fundraising expenses 0. Total expenses 100. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.