2016-03-21T12:50:37-05:00 2015-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2014-07-01 520591645 OLDFIELDS SCHOOL INC OLDF 4104724800 1500 GLENCOE ROAD GLENCOE MD 21152 ROBERT A ROSENBAUM TRUSTEE 4104724800 2016-02-24 1 LORI S BURGHAUSER P00370694 4104031500 2016-02-24 2014 2016-08-17 19:52:53Z PARNELL P HAGERMAN 1500 GLENCOE ROAD GLENCOE MD 21152 11334480 0 X OLDFIELDSSCHOOL.COM X 1926 MD TO PROVIDE EDUCATION OF STUDENTS PRIMARILY IN GRADES 8 THROUGH 12. 20 19 103 40 0 0 2112388 2174605 8090419 8617127 364888 150404 74943 71449 10642638 11013585 1268481 1444498 0 0 4367978 4050526 0 0 109860 4127390 4650585 9763849 10145609 878789 867976 24244721 25079502 4824509 4668071 19420212 20411431 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 7791801 1444498 8617127 FOUNDED IN 1867, OLDFIELDS SCHOOL COMBINES TRADITION AND INNOVATION WHILE REMAINING TRUE TO ITS FUNDAMENTAL MOTTO, "COURAGE, HUMILITY, AND LARGENESS OF HEART". APPROXIMATELY 180 STUDENTS GIRLS ARE ENROLLED IN OLDFIELDS SCHOOL AND THE STUDENT BODY IS MADE UP OF STUDENTS FROM ACROSS THE UNITED STATES AND ABOUT 10 FOREIGN COUNTRIES. 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 5:1 STUDENT TO FACULTY RATIO. OLDFIELDS IS FOCUSED ON ENSURING "EACH GIRL'S SUCCESS". OLDFIELDS SCHOOL IS LOCATED ON 130 RURAL ACRES NESTLED IN THE BUCOLIC HORSE COUNTRY OF NORTH BALTIMORE COUNTY, MARYLAND. 7791801 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 0 0 0 0 0 0 0 0 1 28 0 103 1 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 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 DEBBIE L HILL VICE CHAIR (PART)/TRUSTEE (PART) 1.00 X X 0 0 0 R AUGUSTUS EDWARDS TRUSTEE (PART)/VICE CHAIR (PART) 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 ILANA FELDBERG ADELMAN TRUSTEE 1.00 X 0 0 0 MARNEY BABBITT TRUSTEE 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 EMILY EMBREY TRUSTEE (PART) 1.00 X 0 0 0 BRYAN ENGLE 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 ELIZABETH M LEE TRUSTEE 1.00 X 0 0 0 CARLISLE VANMETER MAYER TRUSTEE 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 GAY RICHARDSON SMITH TRUSTEE 1.00 X 0 0 0 THOMAS H WHITELEY TRUSTEE (PART) 1.00 X 0 0 0 PARNELL HAGERMAN HEAD OF SCHOOL 40.00 X X 198797 0 73807 DEROALD R HOPKINS CFO/COO 40.00 X 97605 0 51788 296402 0 125595 1 0 1 0 SSC SERVICE SOLUTIONS PO BOX 742268 ATLANTA GA 30374 FACILITIES/CUSTODIAL 1036974 FLIKCOMPASS GROUP USA PO BOX 91337 CHICAGO IL 606931337 FOOD/DINING SERVICES 774151 THE WHITING-TURNER CONTRACTING COMPANY PO BOX 17596 BALTIMORE MD 21297 CONSTRUCTION 223779 3 2174605 1036178 2174605 TUITION & FEES 611710 8039303 8039303 AUXILIARY ACTIVITIES 611710 577824 577824 8617127 144436 144436 31532 31532 320000 2700 303892 12840 16108 -10140 5968 5968 44080 4163 39917 39917 11013585 8617127 0 221853 X 1444498 1444498 331997 210936 115825 5236 2987240 1913906 1027100 46234 149666 79937 67083 2646 326529 216850 103495 6184 255094 165422 85667 4005 57270 57270 43486 43486 27584 27584 1557713 1504443 51791 1479 30594 22347 8247 395457 151080 229446 14931 118256 118256 756965 753895 3070 71202 42639 28563 141077 141077 738079 738079 207637 19377 188260 EQUESTRIAN EXPENSES 167780 167780 CAFETERIA EXPENSE 59702 59702 STUDENT LIFE 54421 54421 MISCELLANEOUS 51270 42888 7885 497 172092 62524 80920 28648 10145609 7791801 2243948 109860 2166896 2534340 131183 340453 1542610 1397272 22583 160257 75074 54554 84259 83716 24506582 12899378 11365967 11607204 720352 747438 8076233 8103206 59564 51062 24244721 25079502 693568 714949 1076489 956698 2985000 2985000 69452 11424 4824509 4668071 X 8072090 8336260 5694233 6310380 5653889 5764791 19420212 20411431 24244721 25079502 867976 123243 0 X X 0 1 X 1 0 X 1659750 1242507 2790490 2112388 2174605 9979740 1659750 1242507 2790490 2112388 2174605 9979740 1911100 8068640 219235 230184 205542 389649 175968 1220578 57335 82262 42305 42086 44080 268068 11468386 37791673 0.70360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 5.90 0 0 0 1 1 9.00 0 7681982 354479 313597 320000 24404 8005654 7176732 86978 1057913 616659 22982 7681982 6601795 213614 702076 320000 20753 7176732 6362349 454492 103156 300000 18202 6601795 6190555 170157 742116 722099 18380 6362349 0.11450 0.67340 0.21210 0 0 796298 796298 21172800 11151461 10021339 1580747 1216979 363768 956737 530938 425799 11607204 CASH SURRENDER VALUE OF LIFE INSURANCE 211386 F HATTERAS MULTI-STRATEGY TEI FUND 827076 F INTEREST IN OIL AND GAS LEASE 85886 F MULTI-STRATEGY BOND FUND 2202554 F MULTI-STRATEGY EQUITY FUND 4369509 F PNC PERMANENT ENDOWMENT 406795 F 8103206 X 9677526 123243 2640 10140 136023 9541503 27584 1444498 1472082 11013585 8686307 2640 10140 12780 8673527 27584 1444498 1472082 10145609 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, 2014 AND JUNE 30, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS 10,140. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,444,498. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS 10,140. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,444,498. 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. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 11122 NORTH AMERICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 1330 0 0 0 0 0 0 12452 0 12452 0 0 0 0 0 0 1 FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AWARDED TO 54 STUDENTS 54 1444498 BOOK FINANCIAL AID 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 198797 0 0 0 0 0 13895 0 59912 0 272604 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 6 1036178 FAIR MARKET VALUE X ELECTRONIC EQUIPMENT 2 1920 ESTIMATED VALUE TO S X EQUESTRIAN SUPPLIES 3 690 ESTIMATED VALUE TO S 1 0 1 0 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 818,192. MANAGEMENT AND GENERAL EXPENSES 5,940. FUNDRAISING EXPENSES 1,479. TOTAL EXPENSES 825,611. CONTRACT SERVICES - DRAMA DEPARTMENT: PROGRAM SERVICE EXPENSES 5,328. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,328. CONTRACT SERVICES - FOOD SERVICES: PROGRAM SERVICE EXPENSES 673,779. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 673,779. OFFICIATING - ATHLETICS: PROGRAM SERVICE EXPENSES 7,144. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,144. TECHNOLOGY CONSULTANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 13,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,000. CONTRACT SERVICES - ADMINISTRATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500. CONTRACT SERVICES - CAMPUS SAFETY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 19,994. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,994. CONTRACT SERVICES - HUMAN RESOURCES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,357. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,357. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.