2016-05-16T14:45:14-05:00 2015-06-30 510284658 Santora CPA Group 220 Continental Drive Suite 112 Newark DE 19713 990 2014-07-01 521479494 BENEDICTINE SCHOOL FOR EXCEPTIONAL CHILDREN FOUNDATION INC BENE 4106342640 14299 BENEDICTINE LANE RIDGELY MD 21660 CHARLES R MILLS PRESIDENT, BOARD OF TRUSTEES 4106342112 2016-05-16 1 JOHN A D'AGOSTINO CPA MST P00734586 3027376200 2014 2016-08-17 19:52:53Z CHARLES R MILLS 14299 BENEDICTINE LANE RIDGELY MD 21660 5327687 0 X BENSCHOOL.ORG/FOUNDATION X 1986 MD TO PROVIDE FINANCIAL AND OTHER ASSISTANCE TO THE BENEDICTINE SCHOOL FOR EXCEPTIONAL CHILDREN 16 15 5 144 0 0 1742525 1537318 34800 34800 735080 785675 -72794 -91704 2439611 2266089 654723 1741714 0 0 355854 425570 0 0 191878 295011 304089 1305588 2471373 1134023 -205284 19335051 19218600 1100978 1795870 18234073 17422730 TO PROVIDE FINANCIAL AND OTHER ASSISTANCE TO THE BENEDICTINE SCHOOL FOR EXCEPTIONAL CHILDREN, INC. 0 0 1817998 1741714 34800 TO PROVIDE FINANCIAL AND OTHER ASSISTANCE, INCLUDING PROGRAM SUPPORT, OPERATING AND PROPERTY TRANSFERS, AND TUITION ASSISTANCE, TO THE BENEDICTINE SCHOOL FOR EXCEPTIONAL CHILDREN, INC. 1817998 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 1 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MD X BENEDICTINE SCHOOL FOR EXCEPTIONAL CHILDREN FOUNDATION 4106342112 14299 BENEDICTINE LANE RIDGELY MD 21660 LAURENCE J HOFFMAN PRESIDENT 5.00 X X 0 0 0 SANFORD W MORHOUSE VICE-PRESIDENT 5.00 X X 0 0 0 CHARLES E PARTRIDGE JR SECRETARY 5.00 X X 0 0 0 CHARLES R MILLS TREASURER 5.00 X X 0 0 0 EDWARD A BURKHALTER TRUSTEE 1.00 X 0 0 0 SISTER JACQUELYN ERNSTER OSB TRUSTEE 1.00 0.00 X 0 0 0 SCOTT W EVANS TRUSTEE, BENEDICTINE PROGRAMS AND SERVICES EXEC DI 1.00 39.00 X 0 156597 12910 BRANDON BECKER TRUSTEE 1.00 X 0 0 0 HOWARD S BLAKE JR TRUSTEE 1.00 X 0 0 0 THOMAS J COLLAMORE TRUSTEE 1.00 X 0 0 0 BENJAMIN J PATRICK DENIHAN JR TRUSTEE 1.00 X 0 0 0 JOHN J KREIGER TRUSTEE 1.00 X 0 0 0 ADRIANNE C LASKER TRUSTEE 1.00 X 0 0 0 JOHN THORPE RICHARDS JR TRUSTEE 1.00 X 0 0 0 DANIEL J TOBIN TRUSTEE 1.00 X 0 0 0 LILLIAN M TRIPPETT TRUSTEE 1.00 X 0 0 0 BARRY SMALE FOUNDATION DIRECTOR 40.00 X 0 122322 18774 0 278919 31684 0 0 1 0 0 289059 1248259 81655 1537318 RENTAL INCOME 531110 34800 34800 34800 526705 526705 3163023 2904053 258970 258970 258970 65841 289059 157545 -91704 -91704 2266089 293770 0 435001 1741714 1741714 342809 60519 151763 130527 56536 10337 24932 21267 26225 4630 11610 9985 65230 65230 47967 47967 25148 25148 29043 798 28245 26327 26167 160 11162 11092 70 39571 39571 12945 12945 13551 13551 MAINTENANCE 11615 11615 POSTAGE 8930 0 7306 1624 TELEPHONE 7367 7367 BAD DEBTS 3405 3405 1828 1828 2471373 1817998 461497 191878 226631 90525 379962 341271 3948697 3969777 383 18543 10402 629387 436510 205241 192877 11220736 11148311 3334858 3465437 19335051 19218600 1612 967 1099366 1794903 1100978 1795870 X 11170926 10490435 4231337 4100998 2831810 2831297 18234073 17422730 19335051 19218600 -205284 -606059 0 X 0 1 X 1 0 X 1212734 1317259 3693623 1742525 1537318 9503459 1212734 1317259 3693623 1742525 1537318 9503459 2488862 7014597 556625 565974 496267 392681 561505 2573052 1000 919 1919 12078430 0.58080 0.55540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 1000 0 0 1000 0 Part II-B, Line 1: THE LEGISLATIVE ACTIVITIES OF THE FOUNDATION HAVE NOT COMPRISED A SUBSTANTIAL AMOUNT OF THE OVERALL ACTIVITIES OF THE FOUNDATION STAFF NOR INVOLVED SUBSTANTIAL EXPENDITURES OF FUNDS. OVER THE PAST 10 YEARS, THE FOUNDATION HAS ENGAGED IN ACTIVITIES THAT SUPPORTED SEVERAL STATE OF MARYLAND BOND BILLS TOTALING CLOSE TO $500,000. THE APPROVED FUNDS WERE USED FOR VARIOUS CAPITAL IMPROVEMENTS ON THE CAMPUS OF THE BENEDICTINE SCHOOL FOR EXCEPTIONAL CHILDREN IN RIDGELY, MARYLAND, AND PARTIAL FUNDING FOR THE CONSTRUCTION OF GROUP HOMES FOR OLDER PERSONS WITH DISABILITIES WHICH ARE OWNED AND OPERATED BY THE SCHOOL. OUR ATTEMPTS TO INFLUENCE THIS LEGISLATION INVOLVED MEETINGS WITH VARIOUS STATE DELEGATES AND SENATORS. WE ALSO PROVIDED BRIEF PUBLIC TESTIMONY IN SUPPORT OF THE BOND BILL AT MEETINGS OF THE HOUSE APPROPRIATIONS COMMITTEE AND SENATE BUDGET AND TAXATION COMMITTEE. 8447016 -513 89970 938454 0 7598019 7819916 1489 788146 162535 8447016 7524457 781011 484586 966 7819916 7994720 1400 -232004 239659 7524457 7104306 1565 1131345 240055 2441 7994720 0.60750 0.01990 0.37260 0 0 113268 113268 400015 351207 48808 80125 50426 29699 35979 34877 1102 192877 COMMON STOCK 1766628 F MUTUAL FUNDS 6199929 F ALTERNATIVE INVESTMENTS 3181754 F 11148311 DUE FROM AFFILIATES 3465437 3465437 ACCRUED LIABILITIES 119903 LINE OF CREDIT 1675000 1794903 X Part X, Line 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM INCOME TAXES. HOWEVER, THE FOUNDATION IS NOT EXEMPT FROM TAXES TO THE EXTENT IT HAS UNRELATED BUSINESS TAXABLE INCOME (UBTI). DURING 2015, THE FOUNDATION HAD NO UBTI. THE FOUNDATION IS SUBJECT TO FEDERAL OR STATE TAX EXAMINATIONS RELATED TO UBTI FOR ALL FISCAL YEARS. SPRING BENEFIT 197660 169885 27775 89472 MARYLAND GOLF 59043 43003 16040 19291 4 98197 76171 22026 48782 354900 289059 65841 157545 157545 -91704 1 THE BENEDICTINE SCHOOL FOR EXCEPTIONAL CHILDREN INC 14299 BENEDICTINE LANE RIDGELY MD 21660 520787237 501(C)(3) 1168411 573303 BOOK PROPERTY & EQUIPMENT OPERATING EXPENSES, TUITION SUPPORT, AND CAPITAL CONSTRUCTION AND IMPROVEMENTS Part I, Line 2: THE BOARD OF TRUSTEES APPROVES THE AMOUNT OF ASSISTANCE. X X X 0 0 0 0 0 0 0 0 0 SCOTT W EVANS TRUSTEE, BENEDICTINE PROGRAMS AND SE 0 156597 0 0 0 0 0 0 0 12910 0 169507 0 0 Part I, Line 3 THE FOUNDATION HAS ESTABLISHED A FORMAL PROCESS FOR DETERMINING COMPENSATION, INCLUDING A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. X 2 50095 X 9 20724 X COMPUTER SOFTWARE 1 4746 X MISCELLANEOUS SUPPLIES 7 3422 X CLOTHING 2 2668 1 0 1 0 Form 990, Part VI, Section A, line 7a MEMBERS OF THE BOARD OF TRUSTEES ARE APPOINTED BY THE BOARD OF DIRECTORS OF A SISTER ORGANIZATION, THE BENEDICTINE SCHOOL FOR EXCEPTIONAL CHILDREN, INC. THE BOARD OF TRUSTEES ELECTS ITS OWN OFFICERS. Form 990, Part VI, Section B, line 11 ON MAY 27, 2014, THE BOARD OF TRUSTEES ESTABLISHED AN AUDIT COMMITTEE AND APPROVED THE AUDIT COMMITTEE'S CHARTER ON JUNE 24, 2014, WHICH PROVIDES IN PART THAT THE AUDIT COMMITTEE SHALL MEET TO REVIEW AND DISCUSS WITH MANAGEMENT AND THE INDEPENDENT AUDITOR FORM 990, AND APPROVE THE SAME, AND AUTHORIZE ITS FILING BY MANAGEMENT. IT IS THE FOUNDATION'S POLICY THAT NO FORM 990 SHALL BE FILED ON BEHALF OF THE FOUNDATION WITHOUT PRIOR APPROVAL OF THE AUDIT COMMITTEE, AND UNTIL A COMPLETE COPY HAS BEEN PROVIDED TO EACH VOTING MEMBER OF THE BOARD OF TRUSTEES AT THE TIME THE FILING IS TO BE MADE. Form 990, Part VI, Section B, line 12c BOARD MEMBERS ARE REQUIRED TO SIGN A STATEMENT ANNUALLY INDICATING THAT THEY HAVE RECEIVED, READ, UNDERSTAND, AND AGREE TO ABIDE BY THE CONFLICT OF INTEREST POLICY. PERIODIC REVIEWS OF SIGNIFICANT TRANSACTIONS MAY BE CONDUCTED BY THE BOARD TO DETERMINE THAT NO CONFLICTS OF INTEREST EXIST. Form 990, Part VI, Section B, line 15 THE FOUNDATION HAS ESTABLISHED A FORMAL PROCESS FOR DETERMINING COMPENSATION, INCLUDING A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THIS PROCESS WAS ADOPTED DURING 2014. Form 990, Part VI, Section C, line 19 THE FOUNDATION MAKES ITS FINANCIAL STATEMENTS, TAX RETURNS, AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. THE BENEDICTINE SCHOOL FOR EXCEPTIONAL CHILDREN INC 14299 BENEDICTINE LANE RIDGELY MD 21660 520787237 EDUCATION/PROGRAMS FOR CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES MD 501(c)(3) 170(b)(1) (A)(ii) N/A 0 MIRACLE MILE HOLDING INC 14299 BENEDICTINE LANE RIDGELY MD 21660 462914235 HOLDING TITLE TO PROPERTY AND TURNING OVER INCOME TO TAX EXEMPT PARENT COMPA MD 501(c)(2) BENEDICTINE SCHOOL FOR EXCEPTIONAL CHILDREN FOUNDATION INC 1 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 MIRACLE MILE HOLDING INC C 173690 FMV MIRACLE MILE HOLDING INC D 2400000 FMV