2015-05-15T09:57:17-05:00 2014-06-30 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 208146583 990 2013-07-01 530211355 MARET SCHOOL INC % ROBERT MCCARTHY MARE 2029398800 3000 CATHEDRAL AVENUE NW Suite WASHINGTON DC 200083407 DARWIN WALKER BUSINESS MANAGER 2029398821 2015-02-15 true ED RYAN CPA P00223815 2029398821 2013 2016-04-25 22:37:26Z MARJO TALBOTT 3000 CATHEDRAL AVENUE NW WASHINGTON DC 20008 28750365 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. 26 26 200 415 0 3153579 4420609 21114739 21593001 1098806 2219127 146310 397590 25513434 28630327 3130130 3432146 0 0 13819890 14490818 0 0 616643 7580718 7340658 24530738 25263622 982696 3366705 73794404 79456601 28943860 28472838 44850544 50983763 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 20853158 3432146 21593003 PROVIDE EDUCATION TO APPROXIMATELY 645 STUDENTS, FROM KINDERGARTEN THROUGH GRADE TWELVE 20853158 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 146 0 true 200 true false false false false false false false false false false X 26 26 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 ZIENTS PRESIDENT 2.0 X X IAN CAMERON VICE PRESIDENT 2.0 X X ESKO KORHONEN TREASURER 2.0 X X DARYL LIBOW SECRETARY 2.0 X X WALTER BURGIN ASSISTANT TREASURER 2.0 X X MICHAEL BESCHLOSS ASSISTANT SECRETARY 2.0 X X TRAVIS ALLEN TRUSTEE 2.0 X JUDY BACON TRUSTEE 2.0 X JEAN BADERSCHNEIDER TRUSTEE 2.0 X JIM BARRETT TRUSTEE 2.0 X SARAH GREENBERG BOWMAN ALUMNI ASSOC REP -NON-VOTING 2.0 X KEN BROTMAN TRUSTEE 2.0 X E KAY COWAN TRUSTEE 2.0 X PETER EDWARDS TRUSTEE 2.0 X DALIA FATEH TRUSTEE 2.0 X ARI FITZGERALD TRUSTEE 2.0 X LAUSON GREEN TRUSTEE 2.0 X MARGARET JOHNSON MPA REPRESENTATIVE -NON-VOTING 2.0 X WILLIAM R MALONI TRUSTEE 2.0 X DIANE MOONEY TRUSTEE 2.0 X SUSAN MORITA TRUSTEE 2.0 X MICHELE NORRIS-JOHNSON TRUSTEE 2.0 X CASSIE MELTZER PERGAMENT TRUSTEE 2.0 X ANDREA E REID TRUSTEE 2.0 X RICHARD SPIGLER TRUSTEE 2.0 X MARY JOSEPHINE TALBOTT HEAD OF SCHOOL 50.0 X X 623506 0 0 BEATRICE W WELTERS TRUSTEE 2.0 X ROBERT YOUNGENTOB TRUSTEE 2.0 X DARWIN WALKER ASSISTANT HEAD: FINANCE & OPS 50.0 X 262689 11424 SALLY DUNKELBERGER DIRECTOR OF DEVELOPMENT 50.0 X 169957 17136 KATHY SWEENEY-HAMMOND ASST HEAD: ACADEMIC AFFAIRS 50.0 X 128402 11424 TIM EMERSON DIR UPPER SCHOOL 50.0 X 129293 16176 SUSAN EPPS ASST HEAD: FACULTY DEVEL 50.0 X 125369 17136 ANNIE FARQUHAR DIR OF ADMISSIONS 50.0 X 127811 17136 JAIME ESTRADA LANGUAGE DEPT CHAIR 50.0 X 131182 17136 1698209 0 107568 8 false true false 0 417730 4002879 595696 4420609 TUITION AND FEES 20836178 20836178 SUMMER PROGRAMS 673262 673262 STUDENT ACTIVITIES 83561 83561 21593001 735938 735938 0 0 0 0 0 1483189 1483189 1483189 1483189 350999 417730 120038 230961 0 0 OTHER INCOME 166629 166629 166629 28630327 21593001 2385756 0 3432146 3432146 0 0 1056152 835218 220934 0 10668973 8181737 2161549 325687 921100 717284 203816 1011712 694182 244142 73388 832881 663830 162972 6079 0 93867 93867 40670 40670 0 0 0 915420 346945 567188 1287 4665 4665 343789 91653 188087 64049 156873 155874 999 0 339379 339379 98650 16821 79127 2702 0 90651 72425 12172 6054 632927 632927 0 1856410 1856410 145864 145864 OVERHEAD EXPENSE ALLOCATION 1 3831753 -3870567 38815 SCHOOL DEPARTMENT EXPENSES 840671 840671 SCHOOL LUNCH PROGRAM 790769 790769 BUILDING & GROUNDS OPER EXP 387624 387624 602428 181850 322995 97583 25263622 20853158 3793821 616643 6398575 6012326 0 0 1625108 610507 224042 303132 0 0 0 0 0 0 0 0 55951 123859 49770487 19413871 29856757 30356616 35300611 41738661 0 0 0 0 0 0 333360 311500 73794404 79456601 844791 754566 0 0 8973385 9544550 16050157 15670473 0 0 0 0 0 0 0 0 3075527 2503249 28943860 28472838 X 24868051 27811845 4184939 7149132 15797554 16022786 44850544 50983763 73794404 79456601 X 3366705 2766514 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19336785 225232 2579816 498647 21643186 17916157 208059 1665730 453161 19336785 16489234 1685340 196291 454708 17916157 8964424 6473380 1509391 457961 16489234 8235452 531429 540545 343002 8964424 0.74030 0.25970 false false 126082 126082 42195743 14365507 27830236 2204144 834853 1369291 684990 669482 15507 4559528 3544028 1015500 30356616 0 AMOUNTS HELD ON BEHALF OF OTHERS 216149 DEFERRED COMPENSATION 278864 CAPITAL LEASE OBLIGATION 74929 INTEREST RATE SWAP MARKET VALUE 1933307 2503249 X 30860218 2826353 120038 2946391 27913827 716500 716500 28630327 25443499 59839 120038 179877 25263622 25263622 FIN 48 FOOTNOTE - SCHEDULE D, PART X, LINE 2 THE SCHOOL IS EXEMPT FORM 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 YEAR ENDED JUNE 30, 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 2011 REMAIN OPEN. THE SCHOOL HAS ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN INCOME TAX POSITIONS. DURING THE YEAR ENDED JUNE 30, 2014, THE SCHOOL DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI - LINE 4B PRIOR YEAR AUCTION INCOME RECOGNIZED AS A PRIOR PERIOD ADJUSTMENT ON THE AUDITED FINANCIAL STATEMENTS $716,500 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. EXPENSES INCLUDED ON BOOKS AND NOT ON FORM 990 - PART XII, LINE 2D UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENTS ($59,839) PART XI - LINE 2D FUNDRAISING EXPENSES: $120,038 PART XII - LINE 2D FUNDRAISING EXPENSES: 120,038 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 768729 417730 350999 2136 66428 51474 0 768729 417730 350999 2136 66428 51474 120038 230961 true FINANCIAL AID 156 3432146 PART I, LINE 2 ALL FINANCIAL AID GRANTS ARE APPLIED TO THE STUDENTS' TUITION. 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 623506 0 0 0 0 0 65321 0 17136 0 705963 0 0 0 DARWIN WALKER ASSISTANT HEAD: FINANCE & OPS 262689 0 0 0 11424 274113 0 SALLY DUNKELBERGER DIRECTOR OF DEVELOPMENT 169957 0 0 0 17136 187093 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 THE SCHOOL PARTICIPATES 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 1664527 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 0 57330 FINANCIAL AID FINANCIAL AID X 24 351284 FMV X AUCTION ITEMS 475 244412 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. 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.