2016-04-15T14:16:04-05:00 2015-08-31 521511275 RAFFA PC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2014-09-01 521220544 LOWELL SCHOOL LOWE 2025772000 1640 KALMIA ROAD NW WASHINGTON DC 20012 DEBBIE GIBBS HEAD OF SCHOOL, EX-OFFICIO 2025772000 2016-04-15 1 FRANK H SMITH P00639053 2028225000 2016-04-15 2014 2016-08-17 19:52:53Z JESS ROSENBAUM 1640 KALMIA ROAD NW WASHINGTON DC 20012 16026479 0 X WWW.LOWELLSCHOOL.ORG X 1981 DC EDUCATIONAL PROGRAM SERVING PRE-KINDERGARTEN THROUGH 8TH GRADE CHILDREN. 24 23 204 217 0 0 1387458 866316 11493907 12263965 274061 342565 15631 -17816 13171057 13455030 1176830 1277226 0 0 7693549 8436589 0 0 355011 2500128 3287567 11370507 13001382 1800550 453648 32689791 38336825 19858115 25788696 12831676 12548129 X THE LOWELL SCHOOL (THE SCHOOL) PROVIDES EDUCATIONAL SERVICES TO 334 CHILDREN IN GRADES PRE-KINDERGARTEN THROUGH 8TH GRADE. THE SCHOOL'S MISSION IS TO OFFER A RIGOROUS ACADEMIC PROGRAM THAT STRESSES LIFELONG LEARNING, RESPECT FOR SELF AND OTHERS AND A COMMITMENT TO COMMUNITY. THE EDUCATIONAL CURRICULUM IS ENRICHED BY A STRONG SOCIAL CURRICULUM DESIGNED TO PREPARE CHILDREN TO THRIVE IN OUR GLOBAL COMMUNITY. THE SCHOOL STRIVES TO MAINTAIN AN ECONOMICALLY, RACIALLY, AND CULTURALLY DIVERSE COMMUNITY. 0 0 10702633 1277226 12263965 THE SCHOOL IS AN INCLUSIVE COMMUNITY THAT RECOGNIZES THE UNIQUENESS OF EACH CHILD, THE IMPORTANCE OF A POSITIVE SELF-CONCEPT, AND A NEED FOR GIVING CHILDREN TIME AND SPACE TO GROW. LEARNING AT THE SCHOOL IS ACTIVE AND COLLABORATIVE WITH AN EMPHASIS ON BUILDING CONCEPTUAL UNDERSTANDING, PROMOTING CREATIVE, CRITICAL AND ANALYTICAL THINKING, AND ENCOURAGING PROBLEM SOLVING AND RESPECT FOR ONE ANOTHER. WHEN PROVIDED WITH A STIMULATING ENVIRONMENT, THE GUIDANCE OF TEACHERS, AND PARENTAL SUPPORT, EACH CHILD CAN BECOME A MOTIVATED LEARNER AND A RESPONSIBLE CITIZEN. 10702633 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 24 0 1 204 1 0 0 0 0 0 1 1 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 X DOUGLAS ODOM 2025772000 1640 KALMIA ROAD NW WASHINGTON DC 20012 JESS ROSENBAUM CHAIR OF THE BOARD 2.00 X X 0 0 0 LIZ STEINGLASS CHAIR-ELECT 2.00 X X 0 0 0 JAY RAPP IMMEDIATE PAST CHAIR - UNTIL 06/2015 3.00 X X 0 0 0 ELIZABETH MUMFORD SECRETARY 1.00 X X 0 0 0 CHRIS GINTER TREASURER 1.00 X X 0 0 0 WILL PECAU ASSISTANT SECRETARY 1.00 X X 0 0 0 TRACY BALLARD TRUSTEE 1.00 X 0 0 0 MELISSA BIANCHI TRUSTEE 1.00 X 0 0 0 WES BIZZELL TRUSTEE 1.00 X 0 0 0 CHARAN BRAHMA TRUSTEE - UNTIL 06/2015 1.00 X 0 0 0 CHERI BRIDGEFORTH CASTILLO TRUSTEE 1.00 X 0 0 0 ROBIN GELLMAN TRUSTEE 1.00 X 0 0 0 DEB GRAY TRUSTEE 1.00 X 0 0 0 SARAH HARDING TRUSTEE 1.00 X 0 0 0 KATRINA HOLLIDAY TRUSTEE 1.00 X 0 0 0 GERRI KIERSE IRWIN TRUSTEE 1.00 X 0 0 0 BRIAN JOSEPH TRUSTEE - UNTIL 06/2015 1.00 X 0 0 0 COLETTE MATTZIE TRUSTEE 1.00 X 0 0 0 KIM MICHIENZI TRUSTEE 1.00 X 0 0 0 JILL MORNINGSTAR TRUSTEE 1.00 X 0 0 0 DIVINA PETERS-NATTER TRUSTEE 1.00 X 0 0 0 NICK PORRITT TRUSTEE 1.00 X 0 0 0 HOWARD RIKER TRUSTEE 1.00 X 0 0 0 MALIKA SAADA SAAR TRUSTEE 1.00 X 0 0 0 JEFF SINDLER TRUSTEE 1.00 X 0 0 0 LOUELLEN STEDMAN TRUSTEE 1.00 X 0 0 0 LAILA SULTAN TRUSTEE - UNTIL 06/2015 1.00 X 0 0 0 BETTY PIERRESAINT WALLA TRUSTEE - UNTIL 06/2015 1.00 X 0 0 0 DEBBIE GIBBS HEAD OF SCHOOL, EX-OFFICIO 60.00 X X 278818 0 20598 DOUGLAS ODOM ASSOCIATE HEAD AND CFO 40.00 X 141244 0 38538 420062 0 59136 2 0 1 0 KELLER AND BROTHERS 1012 RISING RIDGE ROAD MT AIRY MD 21771 CONSTRUCTION 4596387 1 150535 715781 226952 866316 TUITION AND FEES 900099 10669678 10669678 AUXILIARY PROGRAM FEES 900099 1594287 1594287 12263965 330432 330432 2341988 2329855 12133 12133 12133 158169 150535 241594 -83425 -83425 6240 0 6240 6240 SUBLEASE INCOME 900099 45376 45376 MISCELLANEOUS INCOME 900099 13993 13993 59369 13455030 12263965 0 324749 1277226 1277226 500123 151343 307983 40797 6483795 5365924 942222 175649 318122 252071 56753 9298 620059 485351 54588 80120 514490 407051 93591 13848 11694 11694 63268 63268 19609 19609 35687 30294 5393 52867 37677 15190 242649 199126 43199 324 194707 194707 528320 528320 201486 201486 119130 22136 91000 5994 901730 901730 138141 138141 EDUCATIONAL SUPPLIES 367278 367278 IN-KINDS GOODS 134169 134169 PRINTING & PUB. 102568 47923 41715 12930 MISCELLANEOUS 64768 9214 44896 10658 109496 100292 9204 13001382 10702633 1943738 355011 9528 625 5266859 6881496 973760 479959 4704156 5220681 159006 235834 25749015 6779955 15201037 18969060 5927228 5621360 491753 448217 436057 32689791 38336825 311844 185941 9206324 9778468 10145153 14502478 0 758124 194794 563685 19858115 25788696 X 8992190 8812187 871950 745782 2967536 2990160 12831676 12548129 32689791 38336825 453648 -737195 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3816986 22624 -29511 89157 3720942 3454729 9356 441519 88618 3816986 3254841 21895 266146 88153 3454729 2977468 15025 350002 87654 3254841 2777601 13350 273556 87039 2977468 0.00000 0.80360 0.19640 0 0 2095098 2095098 21098601 4795167 16303434 2555316 1984788 570528 18969060 INTEREST RATE SWAP AGREEMENTS 560185 SECURITY DEPOSITS 3500 563685 X PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS CONSIST OF A DONOR-RESTRICTED ENDOWMENT FUND, THE INCOME FROM WHICH IS TO BE USED ONLY FOR FACULTY SALARY, FINANCIAL AID, PROFESSIONAL DEVELOPMENT AND CAMPER ASSISTANCE. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH DONOR-RESTRICTED FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE SCHOOL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED AUGUST 31, 2015, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. 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 ANNUALLY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. THE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL AND ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL ADMINISTERED PROGRAMS. AUCTION DINNER 308704 150535 158169 46745 194849 308704 150535 158169 46745 194849 241594 -83425 1 TUITION ASSISTANCE 121 1277226 FMV TUITION PART I, LINE 2: ALL GRANTS THAT THE SCHOOL GIVES OUT, ARE DONE IN THE FORM OF FINANCIAL GRANTS WHICH REPRESENT A REDUCTION IN THE TUITION AND FEES THAT ARE REQUIRED TO ATTEND THE SCHOOL. THEREFORE, MONITORING OF THIS IS QUITE EFFICIENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DEBBIE GIBBS HEAD OF SCHOOL, EX-OFFICIO 278668 0 0 0 150 0 15600 0 4998 0 299416 0 0 0 DOUGLAS ODOM ASSOCIATE HEAD AND CFO 141244 0 0 0 0 0 7164 0 31374 0 179782 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES WELLNESS BENEFITS SUCH AS ACCESS TO A FITNESS CLUB OR PERSONAL TRAINING. IT IS STATED IN THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT THAT THE SCHOOL WILL REIMBURSE FOR UP TO $5,500 PER YEAR FOR 'WELLNESS' BENEFITS WHICH CAN INCLUDE FITNESS CLUB DUES AND PERSONAL TRAINING. A DISTRICT OF COLUMBIA 536001131 2013-04-01 15000000 RE-FINANCE REMAINING 1998 TAX EXEMPT BOND/FUND NEW CONSTRUCTION RENOVATIONS 0 0 0 A 15000000 213919 14288559 2014 1 0 0 1 A 0 0 0 0 0 0 0 A 1 1 0 0 0 0 A 1 X 3 236 FMV X 2529 FMV X 470 FMV X 6 89548 FMV X AUCTION GOODS 150 134169 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO OTHER COMMITTEES THAT CAN ACT ON BEHALF OF THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES IS FAIRLY LARGE WITH UP TO 30 MEMBERS PREDOMINANTLY COMPRISED OF CURRENT PARENTS WHO KNOW EACH OTHER PERSONALLY AS WELL AS IN THEIR ROLE AS TRUSTEES OF THE SCHOOL. BECAUSE THE RELATIONSHIPS BETWEEN THESE TRUSTEES AND THE SCHOOL'S MAJOR DONORS ARE OFTEN PERSONAL THERE IS A CERTAIN AMOUNT OF INFORMATION ABOUT FAMILY DONATIONS THAT IS PREFERRED TO REMAIN PRIVATE. FOR THIS REASON, THE FULL BOARD OF TRUSTEES RECEIVES THE "PUBLIC DISCLOSURE" VERSION OF THE FEDERAL FORM 990 TO REVIEW PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. ALL BOARD MEMBERS ARE INFORMED EACH YEAR THAT THE COMPLETE VERSION OF THE FEDERAL FORM 990, INCLUDING DONOR INFORMATION IS AVAILABLE TO REVIEW IN THE SCHOOL'S BUSINESS OFFICE ANY TIME THEY WISH TO REVIEW IT. FORM 990, PART VI, SECTION B, LINE 12C THROUGH THE BOARD OF TRUSTEES ORIENTATION DONE AT THE BEGINNING OF EACH ACADEMIC YEAR, A FULL EXPLANATION OF THIS POLICY IS REVIEWED. THE BOARD OF TRUSTEES IS ALSO MADE UP OF MANY CURRENT PARENTS AND THIS PERSPECTIVE ALSO BRINGS WITH IT A CONSTANT OVERSIGHT OF THE APPROPRIATENESS OF HOW BOARD OF TRUSTEES MEMBERS ARE NOT ABUSING OR TAKING ADVANTAGE OF THEIR ROLE AS TRUSTEES. FINALLY, THE SCHOOL HAS LEGAL COUNSEL WHO IS QUITE VIGILANT AROUND THESE ISSUES. KEY EMPLOYEES ARE MADE AWARE OF THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS DURING THE BOARD OF TRUSTEES ORIENTATION AND ARE HELD TO THE SAME STANDARD AS TRUSTEES TO ASSURE THEY ARE NOT ABUSING OR TAKING ADVANTAGE OF THEIR ROLE AS A KEY EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD SUPPORT AND REVIEW COMMITTEE ANNUALLY REVIEWS THE HEAD OF SCHOOL'S COMPENSATION PACKAGE, AND UTILIZES BOTH LOCAL COMPARATIVE STATISTICS PROVIDED BY THE ASSOCIATION OF INDEPENDENT SCHOOLS OF GREATER WASHINGTON (AISGW) AND THE ASSOCIATION OF MARYLAND SCHOOLS (AIMS) AND NATIONAL STATISTICS PROVIDED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) BASED ON SIZE OF SCHOOL, AND YEARS OF EXPERIENCE. A COMPENSATION PACKAGE IS THEN PUT INTO PLACE FOR THE HEAD OF SCHOOL. THE FULL BOARD OF TRUSTEES DOES NOT VOTE ON THIS PARTICULAR COMPENSATION, BUT DOES VOTE FOR AN ANNUAL BUDGET EACH YEAR, WHICH INCORPORATES THIS COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FEDERAL FORM 1023, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 1626 KALMIA ROAD LLC 1640 KALMIA ROAD NW WASHINGTON DC 20012 521220544 TO MANAGE PROPERTY DC 0 0 LOWELL SCHOOL