2016-03-24T17:12:39-05:00 2015-06-30 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 208146583 990 2014-07-01 530211355 MARET SCHOOL INC % ROBERT MCCARTHY MARE 2029398800 3000 CATHEDRAL AVENUE NW WASHINGTON DC 200083407 DARWIN WALKER BUSINESS MANAGER 2029398821 2016-03-23 true ED RYAN CPA P00223815 3016529100 2014 2016-08-17 19:52:53Z MARJO TALBOTT 3000 CATHEDRAL AVENUE NW WASHINGTON DC 20008 31646863 false X WWW.MARET.ORG X 1937 DC MARET IS A VIBRANT K-12, CO-EDUCATIONAL, INDEPENDENT SCHOOL IN WASHINGTON, DC. WE IGNITE OUR STUDENTS' POTENTIAL AND FOSTER THEIR ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS. 25 25 197 415 0 4420609 5156866 21593001 22569089 2219127 3336566 397590 464740 28630327 31527261 3432146 3684681 0 0 14490818 14995321 0 0 685611 7340658 8015089 25263622 26695091 3366705 4832170 79456601 80773711 28472838 29103152 50983763 51670559 MARET SCHOOL IS A VIBRANT K-12, CO-EDUCATIONAL, INDEPENDENT SCHOOL IN WASHINGTON, DC. WE IGNITE OUR STUDENTS' POTENTIAL AND FOSTER THEIR ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS. WE DEVELOP THE MIND, NURTURE CURIOSITY, WELCOME CHALLENGE, EMBRACE JOY, AND BUILD COMMUNITY THAT IS EQUITABLE AND INCLUSIVE. false false 22134254 3684681 22569089 PROVIDE EDUCATION TO APPROXIMATELY 645 STUDENTS, FROM KINDERGARTEN THROUGH GRADE TWELVE 22134254 true true false false false false false false false true true false false false true true true false true false false false false false true false false false true true true false false false false false false true false false false true false false false false false false false false true 143 0 true 197 true false false false false false false false false false false X 25 25 false false false false false false false true true false false true true true true true true true true false X ROBERT MCCARTHY 2029398800 3000 CATHEDRAL AVE NW WASHINGTON DC 20008 MARY MENELL ZIENTS PRESIDENT 2.0 0.0 X X 0 0 0 IAN CAMERON VICE PRESIDENT 2.0 0.0 X X 0 0 0 ESKO KORHONEN TREASURER 2.0 0.0 X X 0 0 0 DARYL LIBOW SECRETARY 2.0 0.0 X X 0 0 0 WALTER H BURGIN JR ASSISTANT TREASURER 2.0 0.0 X X 0 0 0 MICHAEL BESCHLOSS ASSISTANT SECRETARY 2.0 0.0 X X 0 0 0 TRAVIS ALLEN TRUSTEE 2.0 0.0 X 0 0 0 JUDY BACON TRUSTEE 2.0 0.0 X 0 0 0 JEAN BADERSCHNEIDER TRUSTEE 2.0 0.0 X 0 0 0 M JAMES BARRETT TRUSTEE 2.0 0.0 X 0 0 0 KEN BROTMAN TRUSTEE 2.0 0.0 X 0 0 0 E KAY COWAN TRUSTEE 2.0 0.0 X 0 0 0 ARI FITZGERALD TRUSTEE 2.0 0.0 X 0 0 0 LAUSON GREEN TRUSTEE 2.0 0.0 X 0 0 0 WILLIAM R MALONI JR TRUSTEE 2.0 0.0 X 0 0 0 DIANE MOONEY TRUSTEE 2.0 0.0 X 0 0 0 SUSAN MORITA TRUSTEE 2.0 0.0 X 0 0 0 MICHELE NORRIS-JOHNSON TRUSTEE 2.0 0.0 X 0 0 0 CASSIE MELTZER PERGAMENT TRUSTEE 2.0 0.0 X 0 0 0 ANDREA REID TRUSTEE 2.0 0.0 X 0 0 0 RICHARD SPIGLER TRUSTEE 2.0 0.0 X 0 0 0 BEATRICE WELTERS TRUSTEE 2.0 0.0 X 0 0 0 ROBERT YOUNGENTOB TRUSTEE 2.0 0.0 X 0 0 0 LEIGH COMAS TRUSTEE 2.0 0.0 X 0 0 0 TOM MONAHAN TRUSTEE 2.0 0.0 X 0 0 0 MARY JOSEPHINE TALBOTT HEAD OF SCHOOL 50.0 0.0 X 446174 0 83938 DARWIN WALKER ASSISTANT HEAD: FINANCE & OPS 50.0 0.0 X 272913 0 13147 SALLY DUNKELBERGER DIRECTOR OF DEVELOPMENT 50.0 0.0 X 183856 0 17652 KATHY SWEENEY-HAMMOND ASST HEAD: ACADEMIC AFFAIRS 50.0 0.0 X 128402 0 0 TIM EMERSON DIR UPPER SCHOOL 50.0 0.0 X 136401 0 17652 ANNIE FARQUHAR DIR OF ADMISSIONS 50.0 0.0 X 135518 0 17652 JAIME ESTRADA LANGUAGE DEPT CHAIR 50.0 0.0 X 139721 0 17652 BLAKE SPRAGGINS DIR OF COLLEGE COUNSELING 50.0 0.0 X 129220 0 5880 1572205 0 173573 8 false true false 0 488950 4667916 387334 5156866 TUITION AND FEES 21630680 21630680 SUMMER PROGRAMS 829350 829350 STUDENT ACTIVITIES 109059 109059 22569089 1019297 1019297 0 0 0 0 0 2194147 123122 2194147 123122 2317269 2317269 373002 488950 119602 253400 0 0 OTHER INCOME 211340 211340 211340 31527261 22569089 3547906 0 3684681 3684681 0 0 1050198 809532 205048 35618 0 11339952 8842290 2152600 345062 795142 615629 179513 949380 665666 208999 74715 860649 695004 158708 6937 0 90657 90657 39600 39600 0 0 0 1004410 396570 606348 1492 2782 2782 362857 103830 191873 67154 284842 276755 8087 0 369643 369643 201890 126354 74782 754 0 136602 109546 19286 7770 618029 618029 0 1834392 1834392 160743 160743 OVERHEAD EXPENSE ALLOCATION 0 3873623 -3912861 39238 SCHOOL DEPARTMENT EXPENSES 944751 944751 SCHOOL LUNCH PROGRAM 789925 789925 PROFESSIONAL DEVELOPMENT 38426 38426 1135540 161672 875084 98784 26695091 22134254 3875226 685611 6012326 6639499 0 0 610507 1532477 303132 406085 0 0 0 0 0 0 0 0 123859 239920 51973675 21214633 30356616 30759042 41738661 40907048 0 0 0 0 0 0 311500 289640 79456601 80773711 754566 1434650 0 0 9544550 9569038 15670473 15277404 0 0 0 0 0 0 0 0 2503249 2822060 28472838 29103152 X 27811845 28282699 7149132 7269138 16022786 16118722 50983763 51670559 79456601 80773711 4832170 -4145374 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21643186 95936 -391311 660265 20687546 19336785 225232 2579816 498647 21643186 17916157 208059 1665730 453161 19336785 16489234 1685340 196291 454708 17916157 8964424 6473380 1509391 457961 16489234 0.77910 0.22090 false false 126082 126082 43846180 15594747 28251432 2204144 1056464 1147680 777521 695534 81987 5019748 3867888 1151861 30759042 0 AMOUNTS HELD ON BEHALF OF OTHE 307761 DEFERRED COMPENSATION 346525 CAPITAL LEASE OBLIGATION 54359 INTEREST RATE SWAP MARKET VALU 2113415 2822060 X 27889073 119602 119602 27769471 3757790 3757790 31527261 23130012 119602 119602 23010410 3684681 3684681 26695091 FIN 48 FOOTNOTE - SCHEDULE D, PART X, LINE 2 The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code ("IRC"), except for unrelated business income, as defined by the IRC. The School did not have any unrelated business income during the years ended June 30, 2015 and 2014. Accordingly, these statements do not reflect a provision for income taxes. The School is required to file, and does file, tax returns with the Internal Revenue Service ("IRS") and other taxing authorities. Tax returns filed by the School are subject to examination by the IRS for a period of three years. While no income tax returns are currently being examined by the IRS, tax years since 2012 remain open. The School has adopted the income tax standard for uncertain income tax positions. During the years ended June 30, 2015 and 2014, the School did not identify any uncertain tax positions that qualify for either recognition or disclosure in the financial statements. ENDOWMENT - SCHEDULE D, PART V, LINE 4 THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 25 INDIVIDUAL DONOR- RESTRICTED FUNDS ESTABLISHED FOR SCHOLARSHIPS AND RELATED ACADEMIC ACTIVITIES. PART XI, LINE 4B financial aid to students $3,684,681 gain on involuntary conversion: $73,109 ========================================== total: $3,757,790 PART XII, LINE 4B FINANCIAL AID TO STUDENTS: $3,684,681 PART XI - LINE 2D FUNDRAISING EXPENSES: $119,602 PART XII, LINE 2D FUNDRAISING EXPENSES: $119,602 true true true true true true true false false false false false false false false false true SCHOOL'S NONDISCRIMINATORY POLICY - SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE WASHINGTON POST ON A PERIODIC BASIS. AUCTION 861952 488950 373002 3811 76801 38990 0 861952 488950 373002 3811 76801 38990 119602 253400 true FINANCIAL AID 153 3684681 MONITORING THE USE OF GRANT FUNDS - PART I, LINE 2 ALL FINANCIAL AID GRANTS ARE APPLIED TO THE STUDENTS' TUITION. Y X X true true X X X X X X false true false false false false false false false MARY JOSEPHINE TALBOTT HEAD OF SCHOOL 446174 0 0 0 0 0 66286 0 17652 0 530112 0 0 0 DARWIN WALKER ASSISTANT HEAD: FINANCE & OPS 272913 0 0 0 0 0 1375 0 11772 0 286060 0 0 0 SALLY DUNKELBERGER DIRECTOR OF DEVELOPMENT 183856 0 0 0 0 0 0 0 17652 0 201508 0 0 0 TIM EMERSON DIR UPPER SCHOOL 136401 0 0 0 0 0 0 0 17652 0 154053 0 0 0 ANNIE FARQUHAR DIR OF ADMISSIONS 135518 0 0 0 0 0 0 0 17652 0 153170 0 0 0 JAIME ESTRADA LANGUAGE DEPT CHAIR 139721 0 0 0 0 0 0 0 17652 0 157373 0 0 0 PART I, LINE 1A THE HEAD OF THE SCHOOL RECEIVED A HOUSING ALLOWANCE AND PERSONAL SERVICES, WHICH INCLUDED HOUSE CLEANING AND LAWN CARE. PART I, LINE 4B THE HEAD OF SCHOOL AND THE ASSISTANT HEAD OF SCHOOL FOR FINANCE AND OPERATIONS PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SECTION 457F A DISTRICT OF COLUMBIA 536001131 2548394P5 2009-10-07 17335000 REFINANCE TAX EXEMPT BONDS false false false A 2057596 0 17335000 0 0 0 0 0 0 0 0 0 2006 true false true true A false false false false 0 false false false false A false true false false true true SUNTRUST BANK 15. false false false 0 false A false NONQUALIFIED BOND - SCHEDULE K, PART III, LINE 9 THE BOND REFERENCED IS A BANK QUALIFIED BOND 58995 FINANCIAL AID FINANCIAL AID X 24 387334 FMV X auction items 449 188613 FMV false false false CONFLICT OF INTEREST POLICY EACH BOARD TRUSTEE SIGNS A CONFLICT OF INTEREST POLICY STATEMENT ANNUALLY. PROCESS FOR DETERMINING COMPENSATION - PART VI, LINE 15 DURING THE FIRST QUARTER OF 2013, A COMPENSATION COMMITTEE WHOSE MEMBERSHIP INCLUDED THE PRESIDENT, VICE PRESIDENT, AND TREASURER, HIRED AN INDEPENDENT COMPENSATION CONSULTANT WHO SURVEYED 25+ COMPARABLE SCHOOLS AND USED THAT DATA IN DETERMINING THE APPROPRIATE COMPENSATION FOR THE HEAD. THE KEY EMPLOYEE AND HIGHEST COMPENSATED EMPLOYEES' SALARIES ARE COMPARED TO THOSE AT COMPARABLE SCHOOLS. ORGANIZATIONAL DOCUMENTS - PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. BOARD REVIEW OF FORM 990, PART VI, LINE 11B PRIOR TO FILING THE FORM 990, AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD TRUSTEE FOR REVIEW.