2014-05-02T09:03:40-05:00 2013-06-30 WATKINS MEEGAN LLC 6720B ROCKLEDGE DRIVE SUITE 750 BETHESDA MD 20817 990 2012-07-01 530211355 MARET SCHOOL INC % ROBERT MCCARTHY MARE 2029398800 3000 CATHEDRAL AVENUE NW Suite WASHINGTON DC 200083407 DARWIN WALKER 2029398821 2014-04-23 true 3016547555 2012 2015-11-30 17:44:51Z MARJO TALBOTT 3000 CATHEDRAL AVENUE NW WASHINGTON DC 20008 25710789 false X www.maret.org X 1937 DC PROVIDE EDUCATION TO APPROXIMATELY 635 STUDENTS, FROM KINDERGARTEN THROUGH GRADE TWELVE. 25 24 188 415 0 4332753 3153579 20366556 21114739 926638 1098806 -92695 146310 25533252 25513434 3092343 3130130 0 0 12889910 13819890 0 0 612844 6871348 7580718 22853601 24530738 2679651 982696 70693464 73794404 29907750 28943860 40785714 44850544 PROVIDE EDUCATION TO APPROXIMATELY 635 STUDENTS, FROM KINDERGARTEN THROUGH GRADE TWELVE. false false 20220804 3130130 21114739 PROVIDE EDUCATION TO APPROXIMATELY 635 STUDENTS, FROM KINDERGARTEN THROUGH GRADE TWELVE. 20220804 true true false false false false false false false true true false false false true true true false true false false false false false false 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 150 0 true 188 true false false false false false false false false false false X 25 24 false false false false false false false true true false false false true true true true true true true false X ROBERT MCCARTHY 2029398800 3000 CATHEDRAL AVE NW WASHINGTON DC 20008 TRAVIS ALLEN 2.0 X STEWART BAINUM JR 2.0 X X MICHAEL BESCHLOSS 2.0 X WALTER BURGIN 2.0 X X JOHN KING 2.0 X LAUSON GREEN 2.0 X NANCY CASEY 2.0 X X WILLIAM MALONI JR 2.0 X DIANE MOONEY 2.0 X IAN CAMERON 2.0 X SUSAN MORITA 2.0 X DARYL A LIBOW 2.0 X X JIM BARRETT 2.0 X ARI FITZGERALD 2.0 X BRENDA V SMITH 2.0 X DR ANDREA REID 2.0 X MARY ZIENTS 2.0 X PETER EDWARDS 2.0 X EVELYN HALPERT 2.0 X ESKO KORHONEN 2.0 X X RICHARD SPIGLER 2.0 X ROBERT YOUNGENTOB 2.0 X JUDY BACON 2.0 X JEAN BADERSCHNEIDER 2.0 X DALIA FATEH 2.0 X ALISON ARNOLD-SIMMONS 2.0 X ADAM SCHWARTZ 2.0 X MARY JOSEPHINE TALBOTT 40.0 X 458142 0 78438 DARWIN WALKER 40.0 X 270293 34944 SARAH DANIEL 40.0 X 162288 24348 CAROL HOGUE 40.0 X 122168 13547 SUSAN EPPS 40.0 X 121139 21188 KATHY SWEENEY-HAMMOND 40.0 X 112115 21572 JAIME ESTRADA 40.0 X 123950 19540 1370095 0 213577 11 false true false Sigal Construction Corporation 2231 Crystal Drive Suite 200 ARLINGTON VA 22202 Construction 776073 Ridgewells Catering 5525 Dorsey Lane BETHESDA MD 20816 FOOD SERVICE 433978 McDonald Cleaning Systems Inc 2121 Wisconsin Avenue NW Suite WASHINGTON DC 20007 CUSTODIAL SERVICES 338471 Cox Graae Spack Architects 2909 M Street NW WASHINGTON DC 20007 ARCHITECTS 105827 Lisa Vandenburgh Ltd 1000 Potomac Street NW Suite 25 WASHINGTON DC 20007 FURNITURE 101935 5 3153579 74632 3153579 TUITION & FEES 20356623 20356623 SUMMER PROGRAMS 654967 654967 STUDENT ACTIVITIES 103149 103149 21114739 699616 699616 0 0 0 0 0 596545 197355 399190 399190 399190 0 0 0 OTHER INCOME 146310 146310 146310 25513434 21114739 1245116 0 3130130 3130130 0 0 781188 562455 218733 0 10606888 8120732 2167397 318759 681300 529176 152124 954509 647757 234925 71827 796005 628540 161515 5950 0 107559 107559 39140 39140 0 0 0 1059563 464795 588500 6268 6385 6385 677360 266951 355043 55366 254361 241143 13218 0 415808 82097 333711 134005 53352 76927 3726 0 123040 98421 16518 8101 705737 705737 0 1736711 1736711 137238 137238 EXPENSE ALLOCATIONS 0 3753010 -3791026 38016 SCHOOL LUNCH PROGRAM 680118 680118 SCHOOL DEPARTMENTS 209016 209016 BUILDING & GROUNDS OPER. EXP 272820 272820 1021857 753111 177133 91613 24530738 20220804 3697090 612844 6247289 6398575 0 0 3611308 1625108 250946 224042 0 0 0 0 0 0 0 0 194242 55951 47436078 17579321 29990943 29856757 30061544 35300611 0 0 0 0 0 0 337192 333360 70693464 73794404 737491 844791 0 0 8913063 8973385 16416908 16050157 0 0 0 0 0 0 0 0 3840288 3075527 29907750 28943860 X 22109615 24868051 3086604 4184939 15589495 15797554 40785714 44850544 70693464 73794404 X 982696 2216610 865524 X false true X true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17916157 208059 1665730 453161 19336785 16489234 1685340 196291 454708 17916157 8964424 6473380 1509391 457961 16489234 8235452 531429 540545 343002 8964424 9026759 162380 -712552 241135 8235452 0.81700 0.18300 false false 126082 126082 40090835 13169472 26921363 2204144 613242 1590902 684990 656199 28791 4330027 3140408 1189619 29856757 0 AMTS HELD ON BEHALF OF OTHERS 810482 DEFERRED COMPENSATION 287402 CAPITAL LEASE OBLIGATION 104176 INTEREST RATE SWAP MARKET VALUE 1873467 3075527 X 28594823 2216610 864779 3081389 25513434 25513434 24529993 -745 -745 24530738 24530738 FIN 48 FOOTNOTE SCHEDULE D, PART X, LINE 2 THE SCHOOL IS EXEMPT FROM INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS A QUALIFIED EDUCATIONAL INSTITUTION AND IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. SIMILAR TO OTHER TAX-EXEMPT ORGANIZATIONS, THE SCHOOL IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. TAX YEARS PRIOR TO 2009 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) OR THE TAX JURISDICTION OF THE DISTRICT OF COLUMBIA. IN ACCORDANCE WITH THE PROVISIONS IN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION (FASB ASC), THE SCHOOL HAS PERFORMED AN EVALUATION OF ITS TAX POSITIONS AND BELIEVES IT HAS APPROPRIATE SUPPORT FOR ITS TAX POSITIONS TAKEN. DURING THE YEARS ENDED JUNE 30, 2013 AND 2012, THE SCHOOL DID NOT HAVE NET TAXABLE INCOME FROM UNRELATED BUSINESS ACTIVITY; THEREFORE, THERE IS NO PROVISION IN THESE FINANCIAL STATEMENTS FOR INCOME TAXES OR INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS. 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. REVENUE INCLUDED ON BOOKS AND NOT ON FORM 990 PART XI, LINE 2D UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENTS $865,524 REVENUE RECORDED TO EXPENSE IN FINANCIAL STATEMENTS ($745) -------- TOTAL $864,779 EXPENSE INCLUDED ON BOOKS AND NOT ON FORM 990 PART XII, LINE 2D REVENUE RECORDED TO EXPENSE IN FINANCIAL STATEMENTS ($745) 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. true FINANCIAL AID 155 3130130 MONITORING THE USE OF GRANT FUNDS PART I, LINE 2 ALL FINANCIAL AID GRANTS ARE APPLIED TO THE STUDENTS' TUITIONS. X X true true X X X X X X false true false false false false false false false MARY JOSEPHINE TALBOTT 418142 0 40000 61846 16592 536580 0 DARWIN WALKER 270293 19600 15344 305237 SARAH DANIEL 162288 12840 11508 186636 BENEFITS RECEIVED PART I, LINE 1A THE HEAD OF THE SCHOOL RECEIVED A HOUSING ALLOWANCE AND PERSONAL SERVICES, WHICH INCLUDED HOUSE CLEANING AND LAWN CARE. PARTICIPATION IN RETIREMENT PLAN 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 1284843 0 17335000 0 0 0 0 0 0 0 17335000 0 2006 true false true true A false false false false 0.00000 0.00000 0.00000 false false false false A false true false false true true SUNTRUST BANK 15. false false false 0 false false A false SCHEDULE K, PART III, LINE 9 0 THE BOND REFERENCED ABOVE IS A BANK QUALIFIED BOND. BRENDA SMITH TRUSTEE 15745 FINANCIAL AID FINANCIAL AID X 10 74632 FMV false false false BOARD REVIEW OF FORM 990 PART VI, LINE 11B PRIOR TO FILING, AN ELECTRONIC COPY OF THE PUBLIC DISCLOSURE COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD TRUSTEE FOR REVIEW. WITH THE PUBLIC DISCLOSURE COPY, ALL INFORMATION THAT IS IN THE ORIGINAL IS INCLUDED FOR THEIR REVIEW, BUT NAMES OF DONORS REMAIN CONFIDENTIAL. CONFLICT OF INTEREST POLICY PART VI, LINE 12C 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 BOARD 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. ANNUALLY, 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. OTHER CHANGES IN NET ASSETS PART XI, LINE 9 UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENTS $865,524