2015-02-06T08:16:59-06:00 2014-06-30 411944416 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2013-07-01 536019409 SHERIDAN SCHOOL INC SHER 2023627900 4400 36TH ST NW WASHINGTON DC 20008 ADELE PAYNTER ACTING HEAD OF SCHOOL 2023627900 2015-02-05 1 WILLIAM E TURCO CPA P00369217 3012963600 2013 2016-03-07 17:11:31Z ADELE PAYNTER 4400 36TH ST NW WASHINGTON DC 20008 13471092 0 X WWW.SHERIDANSCHOOL.ORG X 1961 DC EDUCATIONAL SERVICES TO CHILDREN FROM KINDERGARTEN THROUGH EIGHTH GRADE. 18 15 212 150 0 0 541534 255302 8192669 8300744 309415 748300 67476 181709 9111094 9486055 828440 870178 0 0 5905091 5771192 0 0 141571 2271658 2319896 9005189 8961266 105905 524789 10019987 11658934 3329504 4606916 6690483 7052018 X 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 5356644 814810 6940636 EDUCATION PROGRAM TO APPROXIMATELY 230 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. 538947 687753 SUMMER CAMP PROGRAM TO APPROXIMATELY 528 CHILDREN AGES 3 TO 16. CHILDREN DEVELOP NEW SKILLS, SPECIAL TALENTS, EMERGING INTERESTS AND SELF CONFIDENCE BY EXPLORATION AND CELEBRATION OF THE VISUAL ARTS, PERFORMING ARTS, CULINARY ARTS AND SPORTS. 435916 340198 OUTDOOR EDUCATION PROGRAM FOR APPROXIMATELY 1200 CHILDREN AGES 5 TO 18. CHILDREN DEVELOP OUTDOOR ADVENTURE SKILLS AND ENGAGE IN EXPERIMENTAL EDUCATION ACTIVITIES IN ENVIRONMENTAL STEWARDSHIP, ECOLOGY, TEAMWORK AND GOAL SETTING. 318915 55368 332157 AFTER SCHOOL PROGRAMS 318915 55368 332157 6650422 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 43 0 1 212 1 0 0 0 0 0 0 0 0 0 0 X 18 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 DC X SCOTT COHEN 2023627900 4400 36TH ST NW WASHINGTON DC 20008 TRACY DAVIS CHAIR 6.00 X X 0 0 0 MELINDA HOLMES VICE CHAIR 5.00 X X 0 0 0 GABRIELLE KOEPPEL VICE CHAIR 5.00 X X 0 0 0 JODI TRULOVE TREASURER 5.00 X X 0 0 0 STEFANIE BERRY STARK SECRETARY 4.00 X X 0 0 0 ELLEN BOARDMAN MEMBER 4.00 X 0 0 0 PATRICK BRESLIN MEMBER 4.00 X 0 0 0 BETH CAMPBELL MEMBER 4.00 X 0 0 0 JILL EYNON MEMBER 4.00 X 0 0 0 JOHN GOODMAN MEMBER 4.00 X 0 0 0 TERRI JUDGE MEMBER 4.00 X 0 0 0 LINDY KEARNS MEMBER 4.00 X 0 0 0 MEYER KESTNBAUM MEMBER 4.00 X 0 0 0 TREVOR LEE MEMBER 4.00 X 0 0 0 MAUREEN MINEHAN 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 LEAH SKRINE MEMBER 4.00 X 0 0 0 ADELE PAYNTER ACTING HEAD OF SCHOOL FROM 11/2013 40.00 X 110647 0 10030 CHARLES R PLUMMER HEAD OF SCHOOL UNTIL 11/2013 40.00 X 348265 0 21474 SCOTT L COHEN DIR, FINANCE & OPER. FROM 05/2014 40.00 X 110395 0 6295 MICHAEL J STOLL DIR, FINANCE & OPER. UNTIL 05/2014 40.00 X 154350 0 13394 723657 0 51193 4 0 1 0 MERIWETHER GODSEY INC 4944 OLD BOONSBORO RD LYNCHBURG VA 24503 CATERING 252546 1 255302 19725 255302 TUITION & FEES 900099 8300744 8300744 8300744 89787 89787 2413 0 2413 2413 2413 4590022 51677 3929914 53272 660108 -1595 658513 658513 640 0 640 640 2306 1851 455 455 INSURANCE PROCEEDS 900099 137060 137060 OTHER INCOME 900099 41141 41141 178201 9486055 8300744 0 930009 870178 870178 790971 49896 741075 4187910 3805197 292006 90707 150524 132370 13738 4416 273236 232556 36262 4418 368551 296333 65087 7131 91996 91996 33300 33300 54255 54255 562193 385591 169496 7106 12442 7570 4872 452521 349975 97536 5010 111197 62135 32924 16138 301436 239217 56992 5227 72514 68439 4073 2 33675 30500 3175 47734 47734 301550 301550 53976 8508 45468 MAINTENANCE 39718 32615 6538 565 EQUIPMENT 39164 31652 6769 743 ADMISSION FEES 37410 36269 1141 BAD DEBTS 35094 35094 39721 11421 28192 108 8961266 6650422 2169273 141571 1700 150 702264 2051204 460455 289415 147818 65029 20 1404 2079 100780 69871 9229932 4464527 5017794 4765405 2947907 3400862 639845 1014919 10019987 11658934 724879 573726 1269263 2878446 1287227 1126978 48135 27766 3329504 4606916 X 5292581 5630590 228938 258124 1168964 1163304 6690483 7052018 10019987 11658934 X 524789 -156623 -6631 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4503999 13588 519378 232256 4804709 4206428 132151 378008 212588 4503999 3963559 416114 -12489 160756 4206428 2984559 540317 600854 162171 3963559 2733148 15281 392572 156442 2984559 0.73000 0.24210 0.02790 0 0 217056 217056 7930424 3624717 4305707 1082452 839810 242642 4765405 103,457.59-BLACKROCK LOW DUR BD INV INST 1014919 F 1014919 INTEREST RATE SWAP AGREEMENTS 27766 27766 X 8311643 -156623 -870178 -1026801 9338444 10551 137060 147611 9486055 7943477 -137060 -137060 8080537 10551 870178 880729 8961266 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, 2014, THE SCHOOL HAD NO TAXABLE UNRELATED BUSINESS INCOME, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. DEFERRED TAXES ARE PROVIDED ON A LIABILITY METHOD, WHEREBY, DEFERRED TAX ASSETS ARE RECOGNIZED FOR DEDUCTIBLE TEMPORARY DIFFERENCES AND OPERATING LOSS AND TAX CREDIT CARRYFORWARDS, AND DEFERRED TAX LIABILITIES ARE RECOGNIZED FOR TAXABLE TEMPORARY DIFFERENCES. TEMPORARY DIFFERENCES ARE THE DIFFERENCES BETWEEN THE REPORTED AMOUNTS OF ASSETS AND LIABILITIES AND THEIR TAX BASES. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF THE DEFERRED TAX ASSETS WILL NOT BE REALIZED. DEFERRED TAX ASSETS AND LIABILITIES ARE ADJUSTED FOR THE EFFECTS OF CHANGES IN TAX LAWS AND RATES ON THE DATE OF ENACTMENT. THE SCHOOL ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, 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. UNDER THIS GUIDANCE, THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. 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 TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION REVENUE -870,178. PART XI, LINE 4B - OTHER ADJUSTMENTS: LIFE INSURANCE PROCEEDS 137,060. PART XII, LINE 2D - OTHER ADJUSTMENTS: LIFE INSURANCE PROCEEDS -137,060. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION REVENUE 870,178. 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. 1 FINANCIAL AID 46 870178 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 X X X 1 0 0 0 0 0 0 1 0 CHARLES R PLUMMER HEAD OF SCHOOL UNTIL 11/2013 250213 0 50000 0 48052 0 9825 0 13414 0 371504 0 0 0 MICHAEL J STOLL DIR, FINANCE & OPER. UNTIL 05/2014 154230 0 0 0 120 0 7820 0 7318 0 169488 0 0 0 PART I, LINE 4A CHARLES PLUMMER RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $31,665 AND IS INCLUDED IN SCHEDULE J, PART II, LINE B (III). PART I, LINE 7 ADELE PAYNTER RECEIVED PERFORMANCE BASED BONUS PAYMENT DURING FY14. 79500 FINANCIAL AID TUITION PAYMENT 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 BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. BEFORE ANY VOTE BY THE BOARD, A TRUSTEE IS OBLIGATED BY THE TRUSTEES PRINCIPLES OF GOOD PRACTICE TO DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST. ANY TRUSTEE WHO IS UNCERTAIN WHETHER HE OR SHE HAS A CONFLICT OF INTEREST IN ANY MATTER MAY REQUEST THE BOARD TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND THE BOARD SHALL RESOLVE THE QUESTION BY MAJORITY VOTE. 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 -6,631.