2017-02-13T13:53:15-06:00 2016-06-30 411944416 RSM US LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2015-07-01 536019409 SHERIDAN SCHOOL INC SHER 2023627900 4400 36TH ST NW WASHINGTON DC 20008 JESSICA LEE HEAD OF SCHOOL 2023627900 2017-02-13 1 WILLIAM E TURCO CPA P00369217 3012963600 2015 2021-01-29 14:40:06Z JESSICA LEE 4400 36TH ST NW WASHINGTON DC 20008 12773861 0 X WWW.SHERIDANSCHOOL.ORG X 1961 DC EDUCATIONAL SERVICES TO CHILDREN FROM KINDERGARTEN THROUGH EIGHTH GRADE. 16 12 182 90 0 0 243267 406570 8138745 8506261 106640 -10065 25494 78656 8514146 8981422 881180 992814 0 0 5267485 5683462 0 0 173864 2167543 2241133 8316208 8917409 197938 64013 11994329 12039357 4895208 5101408 7099121 6937949 X SHERIDAN SCHOOL'S MISSION IS TO CREATE AN INCLUSIVE, VIBRANT LEARNING COMMUNITY. WE TAKE JOY IN LEARNING, SHOW KINDNESS AND EMPATHY TOWARDS OTHERS, EMBRACE NEW EXPERIENCES AND IDEAS, AND CONTINUALLY SEEK A DEEPER AND FULLER UNDERSTANDING OF THE WORLD. WE SEEK TO INSPIRE SELF-KNOWLEDGE, INTELLECTUAL DISCIPLINE, AND PERSONAL INTEGRITY IN OUR COMMUNITY MEMBERS. AT BOTH OUR CITY AND MOUNTAIN CAMPUSES, THE SHERIDAN COMMUNITY CHALLENGES ITSELF TO LIVE THE IDEAL OF RESPECT FOR ONESELF, OTHERS, AND THE ENVIRONMENT. 0 0 5534542 925580 7294272 EDUCATION PROGRAM FOR APPROXIMATELY 225 CHILDREN FROM KINDERGARTEN TO GRADE EIGHT. WE SEEK TO NURTURE AND CHALLENGE CHILDREN THROUGH A COLLECTION OF ACADEMIC SUBJECTS AND ENRICHING ACTIVITIES THAT ENCOURAGE CHILDREN TO TAKE RESPONSIBILITY FOR THEIR LEARNING AND SOCIAL DEVELOPMENT. 649315 803594 EIGHT WEEK SUMMER CAMP PROGRAM FOR APPROXIMATELY 600 CHILDREN AGES 3 TO 16. CHILDREN DEVELOP NEW SKILLS, SPECIAL TALENTS, EMERGING INTERESTS AND SELF-CONFIDENCE BY EXPLORATION AND CELEBRATION OF THE VISUAL AND PERFORMING ARTS, CULINARY ARTS AND SPORTS. 398367 67234 408395 THE AFTER SCHOOL PROGRAMS MIRROR THE SCHOOL'S CHILD-ORIENTED PHILOSOPHY; CHILDREN ARE ENCOURAGED TO MAKE THEIR OWN CHOICES, TO BE CREATIVE AND TO PURSUE THEIR INDIVIDUAL INTERESTS. WITHIN THE PROGRAM, CHILDREN MAY FOCUS ON EDUCATIONAL, ARTISTIC OR PHYSICAL ACTIVITIES, INCLUDING ENRICHMENT CLASSES, STUDY HALL, GAMES, AND ART PROJECTS. THE PROGRAM ALSO INCLUDES STRUCTURED ACTIVITIES FOR HALF- AND FULL-DAY PROGRAMS DURING CONFERENCE DAYS, OR DUE TO EARLY SCHOOL DISMISSAL. 310417 SUPPORT SERVICES - FOODSERVICE PROVIDING DAILY NUTRITIOUS HOT LUNCH AND SNACKS FOR ALL STUDENTS. 310417 6892641 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 182 1 0 0 0 0 0 1 1 0 0 0 0 X 16 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 DC X MELISSA LEE 2023627900 4400 36TH ST NW WASHINGTON DC 20008 MINDY HOLMES CHAIR 5.00 X X 0 0 0 MEYER KESTNBAUM VICE CHAIR 5.00 X X 0 0 0 ALLISON LOGIE VICE CHAIR 5.00 X X 0 0 0 LEAH SKRINE TREASURER 06/2016 5.00 X X 0 0 0 LINDY KEARNS SECRETARY 5.00 X X 0 0 0 JODI TRULOVE MEMBER 4.00 X 0 0 0 STEFANIE STARK MEMBER 4.00 X 0 0 0 DANA BAUGHNS MEMBER 4.00 X 0 0 0 ELLEN BOARDMAN MEMBER 4.00 X 0 0 0 CAROLINE DAVIS MEMBER 4.00 X 0 0 0 JILL EYNON MEMBER 4.00 X 0 0 0 JOHN HELLERMAN MEMBER 4.00 X 0 0 0 THOMAS JONES MEMBER 4.00 X 0 0 0 ELIHU MILES MEMBER 4.00 X 0 0 0 COURTNEY PETERSON MEMBER 4.00 X 0 0 0 FRED SCARBORO MEMBER 4.00 X 0 0 0 ROBERT WEISSMAN MEMBER 4.00 X 0 0 0 JESSICA LEE HEAD OF SCHOOL FROM 07/01/15 40.00 X 139713 0 17063 SCOTT L COHEN DIR, FINANCE & OPER. 40.00 X 135900 0 7570 LAUREL BLACKMON DIR. OF CURR. & INST. 40.00 X 107815 0 17522 NATHALIE SVIEDRYS DIR. OF AUXILIARY PROGRAMS 40.00 X 106325 0 13287 ADELE PAYNTER ACTING HEAD OF SCHOOL-TO 06/30/15 40.00 X 105750 0 8534 595503 0 63976 5 1 1 0 MERIWETHER GODSEY INC 4944 OLD BOONSBORO RD LYNCHBURG VA 24503 FOODSERVICE 278905 1 116783 289787 4672 406570 TUITION & FEES 900099 8506261 8506261 8506261 77080 77080 3596263 52554 3638175 97787 -41912 -45233 -87145 -87145 69061 116783 56477 12584 12584 7850 0 7850 7850 OTHER INCOME 900099 58222 58222 58222 8981422 8506261 0 68591 992814 992814 481037 481037 4395871 3867258 418935 109678 168613 149247 14098 5268 282401 242614 32460 7327 355540 286349 61033 8158 21402 21402 35073 35073 41186 41186 595497 483275 101654 10568 9786 7042 2744 380366 291914 74580 13872 63038 38401 23225 1412 277384 223544 47516 6324 115724 103841 11510 373 77164 57899 16527 2738 43786 43786 316673 316673 48360 48360 ADMISSION & ENTRANCE FE 64599 64599 MAINTENANCE 42073 34205 6990 878 EQUIPMENT 37476 33360 2862 1254 BAD DEBTS 25302 25302 46244 16279 23951 6014 8917409 6892641 1850904 173864 150 150 2705551 3577291 150413 44634 76129 39926 149626 119833 9299329 5001252 4561317 4298077 3695319 2909870 655824 1049576 11994329 12039357 638610 738575 3151915 3273184 1065611 1004701 39072 84948 4895208 5101408 X 5789023 5533237 170960 256532 1139138 1148180 7099121 6937949 11994329 12039357 X 64013 -179309 -45876 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4583146 11501 -188863 108279 4297505 4804709 15194 -104416 132341 4583146 4503999 13588 519378 232256 4804709 4206428 132151 378008 212588 4503999 3963559 416114 -12489 160756 4206428 0.72280 0.26720 0.01000 0 0 217056 217056 7996896 4130600 3866296 1080902 870652 210250 4475 4475 4298077 108764.36-BLACKROCK LOW DUR BD INV INST 1049576 F 1049576 INTEREST RATE SWAP AGREEMENTS 84948 84948 X 7824591 -179309 -992813 -1172122 8996713 41186 -56477 -15291 8981422 7939887 56477 56477 7883410 41186 992813 1033999 8917409 PART V, LINE 4: THE EARNINGS FROM INVESTING OF ENDOWMENT FUNDS WILL BE USED TO PROVIDE NEED-BASED SCHOLARSHIPS AND SUPPORT PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND COMPENSATION FOR TEACHERS, AS WELL AS OTHER PROGRAM NEEDS. PART X, LINE 2: THE SCHOOL IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE SCHOOL HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) NOT TO BE A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. FOR THE YEAR ENDED JUNE 30, 2016, THE SCHOOL HAD NO TAXABLE UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL COMPLIES WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC TOPIC 740-10), WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. GENERALLY, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION REVENUE -992,813. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED ON LINE 8B -56,477. GAMING EXPENSES REPORTED ON LINE 9B PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED ON LINE 8B 56,477. GAMING EXPENSES REPORTED ON LINE 9B PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION REVENUE 992,813. 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 RACIAL NONDISCRIMINATION POLICY IS PUBLICIZED THROUGH PRINTED MATERIALS AND PERIODIC ADVERTISEMENTS. AUCTION 185844 116783 69061 56477 185844 116783 69061 56477 56477 12584 1 FINANCIAL AID 51 992814 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED ON THE BASIS OF FINANCIAL NEED. RECIPIENT'S FAMILY MUST SUBMIT AN APPLICATION FOR FINANCIAL ASSISTANCE, WHICH IS REVIEWED BY AN INDEPENDENT SERVICE. THE INDEPENDENT SERVICE'S RECOMMENDATIONS ARE THEN EVALUATED BY THE SCHOOL'S FINANCIAL AID COMMITTEE. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 JESSICA LEE HEAD OF SCHOOL FROM 07/01/15 104751 0 0 0 34962 0 6404 0 11231 0 157348 0 0 0 ADELE PAYNTER ACTING HEAD OF SCHOOL-TO 06/30/15 88676 0 17074 0 0 0 5316 0 3218 0 114284 0 0 0 PART I, LINE 1A JESSICA LEE, HEAD OF SCHOOL, RECEIVED TAXABLE HOUSING IN THE AMOUNT OF $18,000. PART I, LINE 7 ADELE PAYNTER AND LAUREL BLACKMON RECEIVED PERFORMANCE BASED BONUS PAYMENT. 177297 FINANCIAL AID TUITION; AFTER SCHOOL PROGRAMS FORM 990, PART I, PART VI, & PART VII - BOARD COUNT A TOTAL OF SEVENTEEN PERSONS SERVED ON THE BOARD OF DIRECTORS DURING THE FISCAL YEAR. THOSE SEVENTEEN ARE SHOWN IN PART VII OF FORM 990. AS OF JUNE 30, 2016 THERE WERE A TOTAL OF SIXTEEN VOTING BOARD MEMBERS SERVING THE ORGANIZATION AS DISCLOSED IN PART VI, LINES 1A, AND PART I, LINES 3. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING THE FORM 990, THE MANAGEMENT TEAM, CONSISTING OF THE CONTROLLER, DIRECTOR OF FINANCE, AND HEAD OF SCHOOL REVIEWED THE DRAFT FORM 990 PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES THEN REVIEWED THE DRAFT FORM 990. THE MEMBERSHIP OF THE AUDIT COMMITTEE INCLUDES TRUSTEES WITH PRACTICAL AND/OR PROFESSIONAL EXPERTISE IN NONPROFIT MANAGEMENT, ACCOUNTING, AND FEDERAL TAX LAW GOVERNING EXEMPT ORGANIZATIONS. BEFORE THE ORGANIZATION SUBMITTED FORM 990 TO THE IRS, THE AUDIT COMMITTEE REPORTED TO THE BOARD OF TRUSTEES THAT THE AUDIT COMMITTEE HAD, TO THE BEST OF ITS ABILITY, DETERMINED THAT THE DRAFT FORM 990 WAS COMPLETE, ACCURATE AND CORRECT. THE FULL BOARD OF TRUSTEES THEN CONDUCTED A FINAL REVIEW OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO DISCLOSE TO THE AUDIT COMMITTEE ANY POSSIBLE CONFLICTS OF INTEREST AT THE EARLIEST PRACTICAL TIME. THE COMMITTEE WILL REVIEW WHETHER OR NOT A CONFLICT EXISTS AND WHETHER IT MAY MATERIALLY OR ADVERSELY AFFECT THE INTERESTS OF THE SCHOOL. THE TRUSTEE WITH THE POTENTIAL CONFLICT MAY NOT PARTICIPATE IN THIS DETERMINATION BY THE COMMITTEE. IF THE COMMITTEE DETERMINES THAT A CONFLICT MAY EXIST, THE BOARD OF TRUSTEES SHALL DETERMINE AN APPROPRIATE REMEDY. THIS REMEDY MAY INCLUDE THE RECUSAL OF THE TRUSTEE FROM CERTAIN MATTERS PENDING BEFORE THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY, A REVIEW OF THE PERFORMANCE OF THE HEAD OF SCHOOL IS CARRIED OUT BY A COMMITTEE CONSISTING OF THE CHAIR OF THE BOARD, OFFICERS OF THE CORPORATION, AND THE CHAIRS OF EACH STANDING COMMITTEES. FOLLOWING THE PERFORMANCE REVIEW, THE COMMITTEE REVIEWS THE HEAD OF SCHOOL'S COMPENSATION, INCLUDING THE USE OF COMPARABLE COMPENSATION DATA OF PEER SCHOOLS, AND RECOMMENDS EXTENSION, WITH OR WITHOUT CHANGE IN COMPENSATION, FOR ONE OR MORE YEARS, OR TERMINATION, OF THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT. THE RECOMMENDATION OF THE COMMITTEE IS PRESENTED TO THE FULL BOARD OF TRUSTEES FOR THEIR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS OF THE SCHOOL ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN (LOSS) FROM INTEREST RATE SWAPS -45,876.