2017-05-12T12:23:56-05:00 2016-06-30 222428965 CITRIN COOPERMAN & COMPANY LLP 7101 WISCONSIN AVE SUITE 1012 BETHESDA MD 20814 990 2015-07-01 540505925 THE MADEIRA SCHOOL INC MADE 7035568241 8328 GEORGETOWN PIKE MCLEAN VA 221021203 ALEX HEIBERGER CFO 7035568241 2017-05-15 1 BRIAN J GIGANTI P00646609 3016549000 2015 2021-01-29 14:40:06Z ALEXANDER C HEIBERGER 8328 GEORGETOWN PIKE MCLEAN VA 221021203 39713482 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 26 308 250 103780 -12874 12273889 8204616 17199464 17752306 3428277 1270255 0 0 32901630 27227177 3264941 3389971 0 0 9885026 10260791 114342 0 1666470 9747119 9854411 23011428 23505173 9890202 3722004 151104277 157333881 33520384 33831092 117583893 123502789 X EDUCATION - FOUNDED IN 1906, MADEIRA IS A BOARDING AND DAY COLLEGE PREPARTORY 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 18559591 3389971 17648526 BOARDING SCHOOL FOR GIRLS PROVIDING HIGH SCHOOL EDUCATION (313 STUDENTS) 18559591 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 57 0 1 308 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 JANE KRUMRINE LAWSON-BELL VICE PRESIDENT 3.00 X X 0 0 0 HEATHER KIRBY VICE PRESIDENT 3.00 X X 0 0 0 HARRY KLAFF TREASURER 3.00 X X 0 0 0 ANNE MURRAY GAMBAL SECRETARY 3.00 X X 0 0 0 PILAR CABEZA DE VACA HEAD OF SCHOOL 40.00 X X 262460 0 88490 PHILLIP ALVELDA DIRECTOR 3.00 X 0 0 0 MARYETTA ANSCHUTZ DIRECTOR 3.00 X 0 0 0 KATHERINE ARMSTRONG DIRECTOR 3.00 X 0 0 0 BROOKE STROUD CARNOT DIRECTOR 3.00 X 0 0 0 GAITHER SMOOT DEATON DIRECTOR 3.00 X 0 0 0 WILLIAM F DUNBAR 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 HUBIN JIANG DIRECTOR 3.00 X 0 0 0 HEATHER MUIR KIRBY DIRECTOR 3.00 X 0 0 0 LOUISE STILLMAN LEHRMAN DIRECTOR 3.00 X 0 0 0 TIM H MEYERS DIRECTOR 3.00 X 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 ANNE B SKAE DIRECTOR 3.00 X 0 0 0 MARGARET SOTOS DIRECTOR 3.00 X 0 0 0 GORDON M THOMAS DIRECTOR 3.00 X 0 0 0 ANITA PATEL TOLANI DIRECTOR 3.00 X 0 0 0 ALEXANDER C HEIBERGER CHIEF FINANCIAL OFFICER 40.00 X 201282 0 46558 463742 0 135048 6 0 1 0 JAMES G DAVIS CONSTRUCTION 12530 PARKLAWN DRIVE ROCKVILLE MD 20852 CONSTRUCTION 6749134 SODEXHO INC & AFFILIATES 9801 WASHINGTON BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICE 591103 RED COATS INC 4401 EAST WEST HIGHWAY BETHESDA MD 20814 CLEANING SERVICES 589284 CALVERT-JONES CO INC 5703 EDSALL ROAD ALEXANDRIA VA 22314 CONSTRUCTION 505663 ADMIRAL SECURITY SERVICES 4520 EAST WEST HIGHWAY 101 BETHESDA MD 20814 SECURITY 242255 19 8204616 592416 8204616 TUITION & BOARD 900099 15835760 15835760 AUXILIARY ACTIVITIES 900099 1916546 1812766 103780 17752306 951766 951766 12804293 501 12486305 0 317988 501 318489 318489 27227177 17648526 103780 1270255 X 3389971 3389971 969073 969073 7443695 5898517 685479 859699 527498 425370 44639 57489 732739 593539 60009 79191 587786 428256 97154 62376 33774 33774 89825 89825 378676 378676 2792079 2161383 266329 364367 923502 619611 138646 165245 67988 67988 3227944 3227944 178895 85838 47630 45427 276254 166745 97413 12096 28994 28994 1452001 1452001 271463 28022 243182 259 OTHER MGT & GENERAL COS 133016 14406 98289 20321 23505173 18559591 3279112 1666470 0 0 19460470 17382035 5880088 10371687 961119 2198021 0 0 0 0 0 0 117903 110959 452274 541630 77968192 17227907 56157808 60740285 30359319 30985683 34222226 31090762 0 0 0 0 3493070 3912819 151104277 157333881 2558268 2225108 0 0 9490623 9844268 16660000 16030000 0 0 0 0 1843601 1843601 0 0 2967892 3888115 33520384 33831092 X 48174100 51822823 23715495 25751542 45694298 45928424 117583893 123502789 151104277 157333881 X 3722004 -1258699 3455591 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63253288 343432 0 2857849 60738871 62364276 2982299 245489 2338776 63253288 56003553 1384921 7225728 2249926 62364276 51721133 998391 5763265 2479236 56003553 54890087 1130912 -2316005 1983861 51721133 0.09600 0.74480 0.15920 0 0 236766 236766 66066521 11662536 54403985 1636187 1102166 534021 10028718 4463205 5565513 60740285 EJF DEBT OPPORTUNITIES OFFSHORE 895058 F GF CAP PRIVATE FUND 294709 F GENERATION IM GLOBAL FUND 6223536 F PERMAL MACRO HOLDINGS, LTD 5163946 F LOOMIS SAYLES HIGH GRADE CORPORATE BONDS 2892523 F SOMERSET SMALL MID CAP EM ALL COUNTRY FUND 2636309 F BLUE TREND FUND LIMITED 3218791 F EJF SPECIALTY FINANCE OPPORTUNITIES OFFSHORE 868197 F COMMONFUND GLOBAL DISTRESSED 290913 F STONE MILLINER MACRO FUND INC 3497527 F WEATHERLOW OFFSHORE FUND 1, LTD 5109253 F 31090762 INTEREST RATE SWAP AGREEMENT 3888115 3888115 X 25708833 -1258699 121532 -1137167 26846000 381177 381177 27227177 19789937 0 19789937 381177 3334059 3715236 23505173 PART X, LINE 2: THE SCHOOL IS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. THE SCHOOL HAS FILED FOR AND RECIEVED INCOME TAX EXEMPTIONS IN THE VARIOUS JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE SCHOOL FILES FORM 990 AND 990-T (INFORMATION AND TAX RETURNS) IN THE U.S. FEDERAL JURISDICTION AND THEIR EQUIVALENTS IN THE STATE OF VIRGINA. WITH FEW EXCPETIONS, THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2011. MANAGEMENT OF THE SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS LOSS ON FAIR VALUE OF INTEREST RATE SWAP AGREEMENT CHANGE IN VALUE OF CONTRIBUTIONS RECEIVABLE (BEGINNING VERSUS ENDING BALANCE FINANCIAL AID INCLUDED IN REVENUES FOR FINANCIAL STATEMENT PURPOSES PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID USE OF ENDOWMENT FUNDS SCHEDULE D, PART V, QUESTION 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 DIRECTORS TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. USE OF ENDOWMENT FUNDS FIN 48 FOOTNOTE 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. 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. WITH FEW EXCPETIONS, THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2012. MANAGEMENT OF THE SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS. 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, 2016, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) O DISCLOSURE IN THE FINANCIAL STATEMENTS. 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 18357 0 18357 VA SCHEDULE G, PART I, LINE 2B, COLUMN (V) FUNDRAISING ADVICE AND COUNSEL. 0 FINANCIAL AID AWARDED TO 87 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 231260 0 0 0 31200 0 23961 0 64529 0 350950 0 0 0 ALEXANDER C HEIBERGER CHIEF FINANCIAL OFFICER 201282 0 0 0 0 0 12005 0 34553 0 247840 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 DIRECTORS 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 X 38 582416 FAIR MARKET VALUE X HORSES 2 10000 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 HORSE AS SEPERATE GIFTS BASED ON THE NUMBER OF INSTANCES RECEIVED RATHER THAN A GIFT FOR EACH SHARE OR ITEM RECEIEVED. 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 11 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 DIRECTORS TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS 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 DIRECTORS 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 2,161,383. MANAGEMENT AND GENERAL EXPENSES 266,329. FUNDRAISING EXPENSES 364,367. TOTAL EXPENSES 2,792,079. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -115,784. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -920,223. CHANGE IN CONTRIBUTIONS RECEIVABLE BETWEEN BEGINNING AND END OF YEAR 4,491,598. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE PROCESS BY WHICH THE AUDIT COMMITTEE CONDUCTS AND APPROVES THE AUDIT.