2017-05-12T13:11:28-05:00 2016-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2015-07-01 520591645 OLDFIELDS SCHOOL INC OLDF 4104724800 1500 GLENCOE ROAD GLENCOE MD 21152 ZACHARY CARLILE TRUSTEE, FINANCE CHAIR 4104724800 2017-05-12 1 LORI S BURGHAUSER P00370694 4104031500 2017-05-12 2015 2021-01-29 14:40:06Z ANSLEY SMITHWICK 1500 GLENCOE ROAD GLENCOE MD 21152 12519067 0 X OLDFIELDSSCHOOL.ORG X 1926 MD TO PROVIDE EDUCATION OF STUDENTS PRIMARILY IN GRADES 8 THROUGH 12. 21 20 89 63 0 0 2174605 1551733 8617127 8902290 150404 288388 71449 25349 11013585 10767760 1444498 1328747 0 0 4050526 4213113 0 0 108895 4650585 4836373 10145609 10378233 867976 389527 25079502 24993227 4668071 4538376 20411431 20454851 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 7624921 1328747 8902290 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. 7624921 1 1 0 0 0 0 1 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 50 0 89 1 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 0 0 0 0 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 HEIDI DUPONT SECRETARY 1.00 X X 0 0 0 ROBERT A ROSENBAUM TREASURER 1.00 X X 0 0 0 MARNEY BABBITT TRUSTEE 1.00 X 0 0 0 ZACHARY CARLILE TRUSTEE (PART) 1.00 X 0 0 0 DAVID C CARROLL TRUSTEE 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 (PART) 1.00 X 0 0 0 CARLISLE VANMETER MAYER TRUSTEE 1.00 X 0 0 0 SCOTT MENZIES TRUSTEE (PART) 1.00 X 0 0 0 FRANK R PALMER IV 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 (PART) 1.00 X 0 0 0 GAY RICHARDSON SMITH TRUSTEE 1.00 X 0 0 0 PARNELL HAGERMAN HEAD OF SCHOOL 40.00 X X 217770 0 56824 BRYAN ENGLE TRUSTEE (PART)/CFO/BUSINESS MANAGER 40.00 X X 0 0 0 DEROALD R HOPKINS CFO/COO (PART) 40.00 X 115458 0 52930 333228 0 109754 2 0 1 0 SSC SERVICE SOLUTIONS PO BOX 742268 ATLANTA GA 30374 FACILITIES/CUSTODIAL 1236383 SOUTHWAY BUILDERS INC 1318 E FORT AVENUE BALTIMORE MD 21230 CONSTRUCTION 1012865 COMPASS GROUP USA INC PO BOX 417632 BOSTON MA 02241 FOOD/DINING SERVICES 751742 FM HARVEY CONSTRUCTION CO INC 128 COCKEYSVILLE ROAD HUNT VALLEY MD 21030 CONSTRUCTION 107797 4 1551733 143356 1551733 TUITION & FEES 611710 8268714 8268714 AUXILIARY ACTIVITIES 611710 633576 633576 8902290 192516 192516 14846 14846 1817891 1722019 95872 95872 95872 39791 29288 10503 10503 10767760 8902290 0 313737 X 1328747 1328747 443766 271243 165795 6728 2968219 1816064 1108179 43976 162208 87711 71531 2966 382143 257588 118099 6456 256777 159507 93353 3917 73049 73049 35487 35487 35039 35039 1577252 1541613 34539 1100 45248 33841 11407 437854 170407 255227 12220 120942 120942 691314 675742 15572 59465 42882 16583 138703 138703 731162 731162 197805 20650 177155 BAD DEBT EXPENSE 251581 251581 EQUESTRIAN EXPENSES 167279 167279 CAFETERIA EXPENSE 55671 55671 STUDENT LIFE 49559 49559 168963 76552 60879 31532 10378233 7624921 2644417 108895 2534340 1573927 340453 999895 1397272 1088674 160257 0 54554 44722 83716 90820 26592494 13630547 11607204 12961947 747438 251100 8103206 7939582 51062 42560 25079502 24993227 714949 457009 956698 1090903 2985000 2985000 11424 5464 4668071 4538376 X 8336260 10115177 6310380 4825924 5764791 5513750 20411431 20454851 25079502 24993227 389527 -346107 0 X X 0 1 X 1 0 X 1242507 2790490 2112388 2174605 1551733 9871723 1242507 2790490 2112388 2174605 1551733 9871723 2138539 7733184 230184 205542 389649 175968 207362 1208705 82262 42305 42086 44080 39791 250524 11330952 40751550 0.68250 0.70360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 5.90 0 0 0 1 1 9.00 0 8005654 293489 -18727 420000 29228 7831188 7681982 354479 313597 320000 24404 8005654 7176732 86978 1057913 616659 22982 7681982 6601795 213614 702076 320000 20753 7176732 6362349 454492 103156 300000 18202 6601795 0.13710 0.69530 0.16760 0 0 796298 796298 22981520 11695620 11285900 1781577 1389809 391768 1033099 545118 487981 12961947 CASH SURRENDER VALUE OF LIFE INSURANCE 176095 F HATTERAS MULTI-STRATEGY TEI FUND 267273 F INTEREST IN OIL AND GAS LEASE 85886 F MULTI-STRATEGY BOND FUND 2321613 F MULTI-STRATEGY EQUITY FUND 4277167 F PNC PERMANENT ENDOWMENT 811548 F 7939582 X 9087155 -346107 29288 -316819 9403974 35039 1328747 1363786 10767760 9043735 29288 29288 9014447 35039 1328747 1363786 10378233 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 ACTIVITES ARE NOT SPEARATELY TRACKED, BUT RATHER, ARE INCLUDED IN THE GENERAL SERVICE CONTACT. 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 (ASC 740), 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 DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 30, 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE 29,288. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,328,747. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE 29,288. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,328,747. 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 ANNUALLY IN THE BALTIMORE SUN. THE POLICY IS ALSO ON THE ORGANIZATION'S WEBSITE AND IN THE STUDENT HANDBOOK. 1 FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AWARDED TO 52 STUDENTS 52 1328747 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 217500 0 0 0 270 0 15225 0 41599 0 274594 0 0 0 DEROALD R HOPKINS CFO/COO (PART) 115188 0 0 0 270 0 6900 0 46030 0 168388 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, PARNELL HAGERMAN AND DEROALD HOPKINS, ARE PROVIDED ON CAMPUS HOUSING FOR THE CONVENIENCE AND BENEFIT OF THE ORGANIZATION. THIS HOUSING IS NOT TAXABLE AND IS INCLUDED IN NONTAXABLE BENEFITS. X 0 VALUE NOT DETERMINED X 1 0 VALUE NOT DETERMINED X 11 141960 FAIR MARKET VALUE X 1 1396 COST X HORSES 8 0 VALUE NOT DETERMINED X EQUESTRIAN SUPPLIES 1 0 VALUE NOT DETERMINED X PIANO 1 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 11 THE CHIEF FINANCIAL OFFICER AND THE HEAD OF THE SCHOOL PERFORM THE INITIAL REVIEW. AFTER THEIR APPROVAL, THE FORM 990 IS THEN FORWARDED TO THE FINANCE COMMITTEE CHAIR OF THE BOARD OF TRUSTEES FOR APPROVAL. THE FORM 990 IS ALSO MADE AVAILABLE IN THE BUSINESS MANAGER'S OFFICE FOR REVIEW BY THE FULL BOARD 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 MISCELLANEOUS CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 864,213. MANAGEMENT AND GENERAL EXPENSES 7,738. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 871,951. CONTRACT SERVICES - DRAMA DEPARTMENT: PROGRAM SERVICE EXPENSES 3,015. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,015. CONTRACT SERVICES - FOOD SERVICES: PROGRAM SERVICE EXPENSES 666,253. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 666,253. OFFICIATING - ATHLETICS: PROGRAM SERVICE EXPENSES 8,132. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,132. TECHNOLOGY CONSULTANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,000. CONTRACT SERVICES - CAMPUS SAFETY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,590. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,590. CONTRACT SERVICES - HUMAN RESOURCES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 13,211. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,211. CONTRACT SERVICES - SPECIAL EVENTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,100. TOTAL EXPENSES 1,100. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.