2014-02-14T13:57:33-06:00 2013-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2012-07-01 520591645 OLDFIELDS SCHOOL INC OLDF 4104724800 1500 GLENCOE ROAD GLENCOE MD 21152 ROBERT A ROSENBAUM 4104724800 2014-02-13 1 LORI S BURGHAUSER P00370694 4104031500 2014-02-13 2012 2015-11-30 17:44:51Z PARNELL P HAGERMAN 1500 GLENCOE ROAD GLENCOE MD 21152 11454716 0 X OLDFIELDSSCHOOL.COM X 1926 MD TO PROVIDE EDUCATION OF STUDENTS PRIMARILY IN GRADES 8 THROUGH 12. 22 21 79 60 0 0 1242507 2790490 7049565 8092062 127772 161158 141033 37887 8560877 11081597 1247000 1317690 0 0 4159741 4305159 0 0 441850 4231870 4954368 9638611 10577217 -1077734 504380 22473595 22588555 4891270 4852397 17582325 17736158 X OLDFIELDS SCHOOL IS COMMITTED TO THE INTELLECTUAL AND MORAL DEVELOPMENT OF YOUNG WOMEN. IN A CULTURE OF KINDNESS AND MUTUAL RESPECT, WE ENCOURAGE EACH STUDENT TO MAKE THE MOST OF HER ACADEMIC AND PERSONAL POTENTIAL. WE SEEK TO GUIDE EACH STUDENT TO GROW IN CHARACTER, CONFIDENCE, AND KNOWLEDGE BY ENCOURAGING HER TO EMBRACE THE VALUES OF PERSONAL HONESTY, INTELLECTUAL CURIOSITY, AND SOCIAL RESPONSIBILITY. 0 0 7581163 1317690 8092062 FOUNDED IN 1867, OLDFIELDS SCHOOL COMBINES TRADITION AND INNOVATION WHILE REMAINING TRUE TO ITS FUNDAMENTAL MOTTO, "COURAGE, HUMILITY, AND LARGENESS OF HEART". APPROXIMATELY 180 STUDENTS GIRLS ARE ENROLLED IN OLDFIELDS SCHOOL AND THE STUDENT BODY IS MADE UP OF STUDENTS FROM ACROSS THE UNITED STATES AND ABOUT 10 FOREIGN COUNTRIES. APPROXIMATELY 60 COURSES, INCLUDING HONORS COURSES, ADVANCED PLACEMENT PREPARATION, SPECIAL SEMINARS, MAY PROGRAM, AND ART ELECTIVES ARE OFFERED. EACH GIRL'S EDUCATION IS TAILORED TO HER ABILITIES WITH AN AVERAGE CLASS SIZE OF 8 STUDENTS AND A 5:1 STUDENT TO FACULTY RATIO. OLDFIELDS IS FOCUSED ON ENSURING "EACH GIRL'S SUCCESS". OLDFIELDS SCHOOL IS LOCATED ON 130 RURAL ACRES NESTLED IN THE BUCOLIC HORSE COUNTRY OF NORTH BALTIMORE COUNTY, MARYLAND. 7581163 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 22 0 79 1 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MD X DEROALD HOPKINS BUSINESS MANAGER & CFOCOO 4436621011 1500 GLENCOE ROAD SPARKS MD 21152 JOHN W HAWKS 1.00 X X 0 0 0 CARLISLE VANMETER MAYER 1.00 X X 0 0 0 RICHARD C DARRELL 1.00 X X 0 0 0 ROBERT A ROSENBAUM 1.00 X X 0 0 0 ILANA FELDBERG ADELMAN 1.00 X 0 0 0 CAROL ATTERBURY 1.00 X 0 0 0 DAVID C CARROLL 1.00 X 0 0 0 ANN ALLEN CROSS 1.00 X 0 0 0 TAMMIS A DAY 1.00 X 0 0 0 GEORGE R FLOYD 1.00 X 0 0 0 SHEILA WILEY HARRELL 1.00 X 0 0 0 DEBBIE L HILL 1.00 X 0 0 0 JANE MCCOLL LOCKWOOD 1.00 X 0 0 0 EMMA CECIL MALIK 1.00 X 0 0 0 CHRISTINE APPLEBY MARTINELLI 1.00 X 0 0 0 JAMES E MURPHY JR 1.00 X 0 0 0 STEPHEN D NEWTON 1.00 X 0 0 0 FRANK R PALMER IV 1.00 X 0 0 0 PAIGE L RABALAIS 1.00 X 0 0 0 HILARY P SWAIN 1.00 X 0 0 0 LISA WOOD WRIGHT 1.00 X 0 0 0 TAYLOR SMITH 40.00 X X 249333 0 27712 PARNELL HAGERMAN 40.00 X 103700 0 12343 DEROALD R HOPKINS PART YEAR 40.00 X 10625 0 12753 363658 0 52808 2 0 1 0 FLIKCOMPASS GROUP USA PO BOX 91337 CHICAGO IL 606931337 FOOD/DINING SERVICES 702927 THE BANK OF NEW YORK MELLON 385 RIFLE CAMP ROAD-3RD FLR-D WOODLAND PARK NJ 07424 PROFESSIONAL SERVICES 137810 2 16250 2774240 188992 2790490 TUITION & FEES 611710 7606697 7606697 AUXILIARY ACTIVITIES 611710 485365 485365 8092062 152127 152127 53415 53415 320000 310969 9031 9031 9031 4317 16250 61913 -57596 -57596 42305 237 42068 42068 11081597 8092062 0 199045 1317690 1317690 435588 39309 278353 117926 3100292 2098180 773811 228301 153545 102509 39882 11154 364264 243189 94614 26461 251470 167886 65317 18267 57165 57165 20753 20753 798635 784585 14050 39434 39434 567432 315913 234163 17356 102136 2711 99425 952229 952229 82836 54242 9912 18682 143802 143802 758626 758626 164072 18134 145938 BAD DEBT EXPENSE 631407 631407 CO-CURRICULAR PROGRAMS 187288 187288 EQUESTRIAN EXPENSES 173468 173468 CAFETERIA EXPENSE 65808 65808 209277 116160 89414 3703 10577217 7581163 2554204 441850 953804 853922 319922 1028439 1515644 57454 54287 74526 81546 179162 77219 23537255 11677538 13117262 11859717 6985009 7758232 77939 68066 22473595 22588555 614179 735482 1112982 1006599 2985000 2985000 135000 44109 125316 4891270 4852397 X 10583666 8324626 1536778 3838808 5461881 5572724 17582325 17736158 22473595 22588555 504380 550075 -900622 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6601795 213614 702076 320000 20753 7176732 6362349 454492 103156 300000 18202 6601795 6190555 170157 742116 722099 18380 6362349 5620006 261956 607322 298729 6190555 12084770 1166580 -2186224 5445120 5620006 0.11990 0.71420 0.16590 0 0 796298 796298 20618569 10117523 10501046 1303388 886090 417298 819000 673925 145075 11859717 CASH SURRENDER VALUE OF LIFE INSURANCE 144641 F HATTERAS MULTI-STRATEGY TEI FUND 1066395 F INTEREST IN OIL AND GAS LEASE 146920 F MULTI-STRATEGY BOND FUND 3078547 F MULTI-STRATEGY EQUITY FUND 2921973 F TIAA-CREF MUTUAL FUNDS 340653 F EXCHANGE TRADED FUNDS 59103 F 7758232 X 10357642 550075 2500 61913 614488 9743154 20753 1317690 1338443 11081597 9303187 2500 61913 64413 9238774 20753 1317690 1338443 10577217 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE INVESTED UNDER THE SCHOOL'S INVESTMENT POLICIES TO COMPLY WITH THE STATE OF MARYLAND UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT. THE BOARD APPROPRIATES THE EARNINGS OF THE ENDOWMENT FUNDS FOR EXPENDITURE TO SUPPORT DONOR STIPULATED PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: ASC 740, INCOME TAXES (ASC 740), PRESCRIBES THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURES AS A COMPONENT OF INCOME TAX EXPENSE. THE SCHOOL DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 30, 2013 AND 2012. THE SCHOOL IS SUBJECT TO TAXATION IN VARIOUS JURISDICTIONS. THE SCHOOL CONTINUES TO REMAIN SUBJECT TO EXAMINATION BY U.S. FEDERAL AUTHORITIES AND VARIOUS STATE AUTHORITIES FOR THE YEARS ENDED JUNE 30, 2010 THROUGH JUNE 30, 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS - DIRECT EXPENSES NETTED WITH REVENUE 61,913. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,317,690. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS - DIRECT EXPENSES NETTED WITH REVENUE 61,913. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECORDED AS A REDUCTION OF REVENUE 1,317,690. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL'S POLICY IS PUBLISHED ANNUALLY IN THE BALTIMORE SUN. THE POLICY IS ALSO ON THE ORGANIZATION'S WEBSITE AND IN THE STUDENT HANDBOOK. ALUMNAE WEEKEND 15567 11250 4317 35502 13000 SMITH RETIREMENT PARTY 5000 5000 2500 6862 1 1327 2722 20567 16250 4317 39329 22584 61913 -57596 1 FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AWARDED TO 53 STUDENTS 53 1317690 BOOK FINANCIAL AID PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE STUDENT'S PARENT(S) APPLIES FOR THE FINANCIAL AID BY COMPLETING THE UNIFORM SSS FORM. MANAGEMENT REVIEWS THE SSS FORMS AND AWARDS FINANCIAL AID ON AN AS-NEEDED BASIS. THE AMOUNT OF EACH AWARD IS APPLIED TO THE RESPECTIVE STUDENT'S TUITION BILL. X 1 0 X X X 0 0 0 0 0 0 0 0 0 TAYLOR SMITH 218333 0 0 0 31000 0 14050 0 13662 0 277045 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, DEROALD HOPKINS IS PROVIDED ON CAMPUS HOUSING FOR THE CONVENIENCE AND BENEFIT OF THE ORGANIZATION. THIS HOUSING IS NOT TAXABLE AND IS INCLUDED IN NONTAXABLE BENEFITS. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2010-04-14 2985000 REFINANCE 2000 BONDS 0 0 0 A 2985000 2985000 2002 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 HAWLEY ROGERS FORMER HEAD OF SCHOOL 16000 CONSULTING SERVICES 0 X 250 COST X 6 50920 FAIR MARKET VALUE X HORSES 4 20000 ESTIMATED VALUE TO SCHOOL X PRINTERS 3 1100 ESTIMATED VALUE TO SCHOOL X ICE MACHINE 1 380 COST X ELECTO-GROOM HORSE VACUUM 1 300 ESTIMATED VALUE TO SCHOOL X FITNESS/WORKOUT EQUIPMENT 1 3267 ESTIMATED VALUE TO SCHOOL X PHOTOGRAPHY MATERIALS/EQUIPMENT 1 1800 ESTIMATED VALUE TO SCHOOL X PAVING OF CAMPUS ROADWAYS 2 110000 ESTIMATED VALUE TO SCHOOL 4 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE BUSINESS MANAGER AND THE HEAD OF THE SCHOOL PERFORM THE INITIAL REVIEW. AFTER THEIR APPROVAL, THE FORM 990 IS THEN SUBMITTED TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR APPROVAL. THE FORM 990 IS ALSO MADE AVAILABLE IN THE BUSINESS MANAGER'S OFFICE FOR REVIEW BY THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH NAIS STANDARDS, ALL TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE ADMINISTRATIVE ASSISTANT TO THE HEAD OF THE SCHOOL SENDS ALL TRUSTEES A COPY OF THE CONFLICT OF INTEREST STATEMENT VIA EMAIL TO SIGN AT THE BEGINNING OF EACH FISCAL YEAR. THE STATEMENTS ARE FILED BY THE HEAD'S ADMINISTRATOR AND ARE KEPT ON FILE AND UP TO DATE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE HEAD OF THE SCHOOL IS DETERMINED BY THE BOARD OF TRUSTEES COMPENSATION COMMITTEE. THE COMMITTEE USES AIMS SUMMARY REPORTS OF COMPENSATION AS A GUIDELINE FOR SETTING COMPENSATION. NO OTHER OFFICERS ARE COMPENSATED AND THERE ARE NO KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.