2014-05-05T10:13:09-05:00 2013-06-30 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2012-07-01 540673568 THE LANGLEY SCHOOL INC LANG 7033561920 1411 BALLS HILL ROAD MCLEAN VA 221013499 ROBERT KUKLEWICZ 7033561920 2014-05-05 1 WILLIAM E TURCO CPA P00369217 3012963600 2012 2015-11-30 17:44:51Z THE LANGLEY SCHOOL DORIS COTTAM 1411 BALLS HILL ROAD MCLEAN VA 221013499 16855247 0 X WWW.LANGLEYSCHOOL.ORG X 1942 VA TO PROVIDE EDUCATION TO PRESCHOOL THROUGH 8TH GRADE STUDENTS. 17 17 293 17 0 0 5949783 1255682 14648276 15233896 43825 138702 115839 106376 20757723 16734656 1111971 1254446 0 0 9072842 10096269 345000 0 349351 4499525 4785145 15029338 16135860 5728385 598796 43869130 44565660 17229099 16984559 26640031 27581101 X WE BELIEVE THAT EACH CHILD'S POTENTIAL IS BOUNDLESS AND EVERY CHILD CAN ACT WITH INTEGRITY, GENEROSITY, AND CONSIDERATION FOR OTHERS. WE REACH ACROSS MULTIPLE DISCIPLINES TO DISCOVER, AMPLIFY, AND EMBRACE THE TALENTS OF EVERY CHILD, EVERY DAY. BY NURTURING, SUPPORTING, AND ACADEMICALLY CHALLENGING OUR STUDENTS, OUR INCLUSIVE COMMUNITY BUILDS QUIETLY CONFIDENT, INDEPENDENT THINKERS WHO FLOURISH AS LEARNERS AND INDIVIDUALS. 0 0 11305619 1254446 15233896 OPERATION OF A PRIVATE SCHOOL FOR GRADES PRESCHOOL THROUGH 8TH SERVING OVER 498 STUDENTS. 11305619 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 26 0 1 293 1 0 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 VA X ROBERT KUKLEWICZ 7033561920 1411 BALLS HILL ROAD MCLEAN VA 221013499 JAMIE BAKER 2.00 X X 0 0 0 JENNIFER CHOI 2.00 X X 0 0 0 SUSAN DEMARCO 2.00 X X 0 0 0 LEE COOK 2.00 X 0 0 0 CHRISTA DAVIDSON 2.00 X 0 0 0 ROBERT DENTON 2.00 X 0 0 0 STEVE DUSSEK 2.00 X 0 0 0 RICHARD EWING 2.00 X 0 0 0 JEFF HSU 2.00 X 0 0 0 JOEL KALLETT 2.00 X 0 0 0 MICHAEL MENDLER 2.00 X 0 0 0 MICHELLE OLSON 2.00 X 0 0 0 GEOFF PENCE 2.00 X 0 0 0 LESLIE SARASIN 2.00 X 0 0 0 FRED SINGER 2.00 X 0 0 0 SPENCER STOUFFER 2.00 X 0 0 0 GLENN YOUNGKIN 2.00 X 0 0 0 DORIS COTTAM 40.00 X 389585 0 30690 ROBERT KUKLEWICZ 40.00 X 198225 0 22710 WARREN SARASIN 40.00 X 139617 0 12693 SUSAN ATKINSON 40.00 X 130972 0 19285 JAMES GLEASON 40.00 X 113529 0 28624 KATHLEEN SMITH 40.00 X 111530 0 19547 KURT KLUNDER 40.00 X 107785 0 8615 1191243 0 142164 11 0 1 0 FAIRFAX FOOD SERVICE & CATERERS 8352-F TERMINAL ROAD NEWINGTON VA 22122 FOOD SERVICE 238486 DAVIS CARTER SCOTT LTD 1676 INTERNATIONAL DRIVE 5TH FLOOR MCLEAN VA 22102 ARCHITECTUAL SERVICES 212544 K & S MANAGEMENT AND SUPPLY INC 2110-B GALLOWS ROAD VIENNA VA 22182 CUSTODIAL SERVICES 191300 SPENCERSTUART PO BOX 98991 CHICAGO IL 60693 RECRUITING 164312 LITTLER MENDELSON PC PO BOX 45547 SAN FRANCISCO CA 941450547 LEGAL 136690 8 21800 1233882 784798 1255682 TUITION FEES 900099 14705020 14705020 AUXILLIARY SERVICES 900099 528876 528876 15233896 138702 138702 226267 21800 120591 105676 105676 OTHER INCOME 900099 700 700 700 16734656 15233896 0 245078 1254446 1254446 1003399 596400 376341 30658 7286701 4307458 2752049 227194 525814 305538 209221 11055 713708 466941 226779 19988 566647 369788 177328 19531 109989 125 109864 51300 51300 24606 24606 330352 252697 77655 88662 85742 2920 550694 410728 132799 7167 233302 137032 96270 743460 743460 371879 342399 29480 34837 34837 200832 200832 1130889 1130889 94826 94826 FOOD SERVICE 198228 198228 PROFESSIONAL DEVELOPMEN 169102 142906 26196 BAD DEBT EXPENSE 152389 152389 STUDENT ACTIVITIES 120993 120993 178805 144191 856 33758 16135860 11305619 4480890 349351 508 508 15201980 15024308 5993890 4105313 671488 971171 368525 314745 32042552 11586057 18440215 20456495 2879796 3439801 312728 253319 43869130 44565660 1000636 1298838 8984979 9244212 6538858 6204959 300000 404626 236550 17229099 16984559 X 17961632 20742682 6018469 4105313 2659930 2733106 26640031 27581101 43869130 44565660 X 598796 174198 168076 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2696205 73176 112787 112787 2769381 3486732 121131 911658 2696205 3476382 10350 3486732 3028174 448208 3476382 3021199 6975 3028174 0.01310 0.98690 0 0 209494 209494 24674241 9188392 15485849 2447714 1531786 915928 4711103 865879 3845224 20456495 INTERST RATE SWAP 236550 236550 X 15586745 174198 -1322109 -1147911 16734656 0 16734656 14813751 0 14813751 1322109 1322109 16135860 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY. INVESTMENT EARNINGS ON THESE AMOUNTS ARE AVAILABLE TO SUPPORT FACULTY DEVELOPMENT, GENERAL ENDOWMENT AND SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). IN ADDITION, THE SCHOOL HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) NOT TO BE A PRIVATE FOUNDATION. INCOME THAT IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. HOWEVER, THE SCHOOL IS SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME, AS DEFINED BY THE IRS. DURING THE YEAR ENDED JUNE 30, 2013, THE SCHOOL HAD NO TAXABLE UNRELATED BUSINESS INCOME, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL FOLLOWS 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 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT -1,243,446. TUITION REMISSION NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT -67,495. CAPITAL CAMPAIGN RELATED EXPENSES NETTED AGAINST CONTRIBUTION -11,168. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT 1,243,446. TUITION REMISSION NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT 67,495. CAPITAL CAMPAIGN RELATED EXPENSES NETTED AGAINST CONTRIBUTION 11,168. 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 AN ADVERTISEMENT WAS PLACED IN THE WASHINGTON POST NEWSPAPER ANNOUNCING THE SCHOOL'S NON-DISCRIMINATION POLICY. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES OVERSEAS TRIPS 109775 0 0 0 0 0 0 109775 0 109775 0 0 0 0 0 0 FALL FAIR 23241 23241 22337 SPRING AUCTION 224826 21800 203026 98254 248067 21800 226267 120591 120591 105676 1 FINANCIAL AID 65 1243446 SUMMER GRANTS 5 11000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: A LANGLEY SCHOOL EDUCATION REPRESENTS A SIGNIFICANT FINANCIAL INVESTMENT IN A CHILD'S FUTURE. WE FEEL STRONGLY THAT FINANCIAL CONSIDERATIONS SHOULD NOT BE THE DETERMINING FACTOR IN WHETHER A CHILD ATTENDS THE LANGLEY SCHOOL. FINANCIAL ASSISTANCE IS AVAILABLE TO STUDENTS IN ALL GRADES - PRESCHOOL THROUGH GRADE 8. X 1 1 X X X 0 0 0 0 0 0 0 1 0 DORIS COTTAM 319410 0 25000 0 45175 0 19996 0 11785 0 421366 0 0 0 ROBERT KUKLEWICZ 183075 0 15000 0 150 0 15920 0 7569 0 221714 0 0 0 WARREN SARASIN 138260 0 0 0 1357 0 11124 0 2220 0 152961 0 0 0 SUSAN ATKINSON 120834 0 10000 0 138 0 10711 0 9236 0 150919 0 0 0 PART I, LINE 1A DORIS COTTAM RECEIVED A TAXABLE HOUSING ALLOWANCE OF $36,000 REPORTED IN PART II, COLUMN(B)(III). PART I, LINE 7 THE HEAD OF SCHOOL'S BONUS IS DETERMINED BY THE BOARD OF TRUSTEES PER THE BY-LAWS AND CAN BE PERFORMANCE BASED. BONUSES OF DIRECT REPORTS TO THE HEAD OF SCHOOL ARE OFTEN PERFORMANCE BASED. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY SERIES 540787833 2011-12-21 11677982 REFINANCE OUTSTAINDING BOND SERIES 2001 0 0 0 A 333899 11677982 4485000 2192982 5000000 2011 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 1 SUNTRUST 9.000000000000 0 0 0 0 0 A 1 SCHEDULE K, PAGE 1, PART II, LINE 12 UNSPENT PROCEEDS THE UNSPENT PROCEEDS LISTED ON SCHEDULE K, PAGE 1, PART II, LINE 12 OF $5,000,000 ARE PROCEEDS THAT ARE AVAILABLE FOR DRAW EXCLUSIVELY FOR THE LANGLEY SCHOOL'S MIDDLE SCHOOL CONSTRUCTION PROJECT. AS OF 06/30/2013 NO AMOUNTS HAD BEEN DRAWN FROM THESE FUNDS. X 7 781598 FMV X MICROSCOPE 4 3200 COST 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION REVIEWS THE FORM 990 THROUGH CAREFUL EXAMINATION BY THE SCHOOL'S CHIEF FINANCIAL OFFICER, CONTROLLER AND HEAD OF SCHOOL, OF THE DETAILS OF THE FORM TO BE FILED. CORRECTIONS OR CHANGES ARE MADE AND THIS GROUP THEN APPROVES THE FINAL COPY TO BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY. THIS IS DONE BY REQUIRING EACH MEMBER OF THE ORGANIZATION'S GOVERNING BODY, ITS BOARD OF DIRECTORS, TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE BEFORE SERVING ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE HEAD OF SCHOOL INCLUDES A REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF THE APPROPRIATE LEVEL OF COMPENSATION THROUGH BENCHMARKING AGAINST PEER SCHOOLS WITHIN THE AREA. DATA IS COLLECTED FROM ASSOCIATIONS WHICH PROVIDE THE SUPPORT IN MAKING THIS FINAL DECISION. FOR ALL OTHER EMPLOYEES, THE HEAD OF SCHOOL, AND DIRECTOR OF HUMAN RESOURCES UTILIZE SIMILAR BENCHMARKS TO DETERMINE APPROPRIATE LEVELS OF COMPENSATION FOR EMPLOYEES. ALL PAYROLL DECISIONS ARE MADE WITHIN THE PARAMETERS OF A BOARD OF TRUSTEES APPROVED FISCAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS INCLUDING THE ORGANIZATION'S BYLAWS, CONFLICT OF INTEREST POLICY, ARE AVAILABLE TO MEMBERS OF THE SCHOOL COMMUNITY THROUGH INSPECTION AT THE SCHOOL'S ADMINISTRATION BUILDING. FINANCIAL STATEMENT SUMMARIES ARE MAILED ANNUALLY TO ALL MEMBERS WITHIN THE SCHOOL'S ANNUAL REPORT AND COPIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED GAIN/(LOSS) ON SWAP AGREEMENT 168,076.