2014-04-10T14:34:57-05:00 2013-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2012-07-01 526001577 MCDONOGH SCHOOL INCORPORATED MCDO 4103630600 PO BOX 380 OWINGS MILLS MD 211170380 LAWRENCE E JOHNSTON 4103630600 2014-04-07 1 LORI S BURGHAUSER P00370694 4104031500 2014-04-07 2012 2015-11-30 17:44:51Z LAWRENCE E JOHNSTON PO BOX 380 OWINGS MILLS MD 211170380 58849818 0 X WWW.MCDONOGH.ORG X 1873 MD PROVIDE EXCEPTIONAL EDUCATION INSPIRING A PASSION FOR LEARNING & GROWTH & A COMMITTMENT TO EXCELLENCE. 29 29 898 200 -1531 -1531 6510099 8142375 34651491 35958972 4027175 4406054 162125 565440 45350890 49072841 6610053 7188985 0 0 22702458 24746752 0 0 1124013 12828284 13417093 42140795 45352830 3210095 3720011 202127911 214586416 72897362 74957613 129230549 139628803 X SITUATED ON A BEAUTIFUL 800 ACRE CAMPUS IN OWINGS MILLS MD, MCDONOGH SCHOOL IS A COEDUCATIONAL, COLLEGE PREPARATORY, INDEPENDENT K-12 SCHOOL WITH AN OPTIONAL FIVE-DAY BOARDING FOR STUDENTS IN GRADES 9-12. MCDONOGH SCHOOL IS A COMMUNITY THAT FINDS JOY IN WORK, IN PLAY, IN DISCOVERY, AND IN THE REALIZATION OF PERSONAL POTENTIAL. STRONG, MUTUALLY RESPECTFUL RELATIONSHIPS INSPIRE A PASSION FOR TEACHING AND LEARNING, A DEDICATION TO PERSONAL INTEGRITY, AND A COMMITMENT TO EXCELLENCE. EMBRACING DIVERSITY OF BACKGROUND, CULTURE, AND THOUGHT, THE SCHOOL BUILDS UPON ITS FOUNDER'S ORIGINAL MISSION TO PROVIDE LIFE-ALTERING OPPORTUNITIES AND TO DEVELOP IN STUDENTS THE WILL "TO DO THE GREATEST POSSIBLE AMOUNT OF GOOD." 0 0 39182939 7188985 36090561 MCDONOGH SCHOOL IS A HIGHLY REGARDED COEDUCATIONAL, INDEPENDENT SCHOOL WITH APPROXIMATELY 1,300 STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE. AN OPTIONAL FIVE-DAY BOARDING PROGRAM IS AVAILABLE FOR STUDENTS IN GRADES 9-12. MCDONOGH'S ACADEMIC PROGRAM IS DESIGNED TO FOSTER A LOVE OF LEARNING. THE LOWER SCHOOL PROVIDES A SOLID FOUNDATION WITH AN EMPHASIS ON READING, WRITING, AND MATHEMATICS. TEACHERS WELCOME CHILDREN AS INDIVIDUALS, TAILORING THE ACADEMIC CURRICULUM TO DEVELOP THEIR FULL POTENTIAL-INTELLECTUALLY, PHYSICALLY, SOCIALLY, AND EMOTIONALLY. THE MIDDLE SCHOOL BUILDS ON THAT FOUNDATION WITH APPRECIATION FOR THE INTELLECTUAL, PHYSICAL, SOCIAL, AND EMOTIONAL NEEDS OF YOUNG ADOLESCENTS. STUDENTS LEARN THE ELEMENTS OF RESPONSIBLE SCHOLARSHIP IN READING, ENGLISH, WORLD LANGUAGES, MATHEMATICS, SCIENCE, SOCIAL STUDIES, AND TECHNOLOGY. THE UPPER SCHOOL COMBINES RIGOROUS ACADEMICS WITH A WIDE VARIETY OF EXTRACURRICULAR ACTIVITIES. IN AN ENVIRONMENT THAT FOSTERS VERSATILITY, STUDENTS SELECT HONORS AND ADVANCED PLACEMENT COURSES, DEVELOP THEIR ATHLETIC AND ARTISTIC ABILITIES, LEARN LEADERSHIP AND TEAMWORK SKILLS, AND GRADUATE WELL PREPARED FOR COLLEGE. 39182939 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 172 0 898 1 1 1 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X LAWRENCE JOHNSTON 4103630600 8600 MCDONOGH ROAD OWINGS MILLS MD 21117 MICHAEL L FALCONE 1.00 X X 0 0 0 ARTHUR H ADLER 1.00 X X 0 0 0 H STACEY BOYER 1.00 X X 0 0 0 WAYNE L ROGERS 1.00 X X 0 0 0 ERIC D BECKER 1.00 X 0 0 0 W BRADLEY BENNETT 1.00 X 0 0 0 ROBERT W BLACK III 1.00 X 0 0 0 ADAM J BROOKS 1.00 X 0 0 0 ADM HENRY G CHILES JR 1.00 X 0 0 0 CURTIS H CORNWELL 1.00 X 0 0 0 SCOTT E DORSEY 1.00 X 0 0 0 JAMES P GRANT III 1.00 X 0 0 0 STEWART J GREENEBAUM 1.00 X 0 0 0 HARRY KASSAP 1.00 X 0 0 0 HOWARD S KLEIN 1.00 X 0 0 0 RICHARD E LEVINE 1.00 X 0 0 0 KIRSTEN B LOCKYER 1.00 X 0 0 0 JOHN A LUETKEMEYER JR 1.00 X 0 0 0 JOHN O MITCHELL IV 1.00 X 0 0 0 COURTNEY SHEPARD MULLER 1.00 X 0 0 0 WILLIAM PATERAKIS 1.00 X 0 0 0 HENRY A ROSENBERG JR 1.00 X 0 0 0 RICHARD B SILBERSTEIN 1.00 X 0 0 0 PAMELA S SINGLETON 1.00 X 0 0 0 PATRICIA R STEPHENS 1.00 X 0 0 0 J MATTHEW STOVER 1.00 X 0 0 0 DEBORAH C TALBERT 1.00 X 0 0 0 VERNON HC WRIGHT 1.00 X 0 0 0 ROBERT L YOUNG III 1.00 X 0 0 0 CHARLES W BRITTON 40.00 X 351140 0 30742 LAWRENCE E JOHNSTON 40.00 X 161482 0 25291 KIRSTEN ADAMS 40.00 X 145907 0 14314 TIM FISH 40.00 X 131624 0 21386 WILLIAM RUSH 40.00 X 127731 0 22602 NOREEN LIDSTON 40.00 X 123722 0 19710 CECELIA MILLAR 40.00 X 120207 0 18008 1161813 0 152053 14 0 1 0 MULLAN CONTRACTING CO 2330 WEST JOPPA ROAD LUTHERVILLE MD 21093 CONSTRUCTION 15328360 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLE MD 21093 FOOD SERVICES 1543644 WF MILLER CO 106 LONGDALE ROAD TIMONIUM MD 21093 CONSTRUCTION 381801 ARIOSA & COMPANY 16 STENERSON LA 3A HUNT VALLEY MD 21030 MECHANICAL SERVICES 317037 WEST END SERVICES 8600 FREDERICK ROAD ELLICOTT CITY MD 21043 BUS SERVICES 230580 12 17611 8124764 540234 8142375 TUITION AND FEES 611710 32101673 32101673 INSTRUCTIONAL CAMPS 611710 2504677 2504677 STUDENT SUPPORT 611710 572973 572973 HORSE SHOWS 611710 369724 369724 CAMPUS HOUSING 611710 242908 242908 167017 167017 35958972 1472772 -1531 1474303 827120 425310 401810 401810 401810 12108702 8445348 730072 3663354 -730072 2933282 2933282 208288 176247 32041 32041 MISCELLANEOUS REVENUE 611710 131589 131589 131589 49072841 36090561 -1531 4841436 7188985 7188985 616953 240013 330430 46510 19565742 16567562 2289629 708551 987839 836286 115766 35787 2121841 1783573 260305 77963 1454377 1213051 187077 54249 53281 53281 60776 60776 63710 63710 47464 47464 274056 146526 114982 12548 275699 275699 2115937 2115937 58376 11860 14419 32097 449173 449173 1892524 1892524 324726 324726 STUDENT SUPPORT 4320740 4320740 INSTRUCTION 1027829 1027829 PROVISION FOR PLANT REN 890058 890058 BAD DEBTS 498589 498589 1064155 233 907614 156308 45352830 39182939 5045878 1124013 44302637 25677283 11961104 9220971 892696 593264 59425 0 438689 280159 94729491 28459614 39749380 66269877 70941555 76884562 22655803 24310840 11126622 11349460 202127911 214586416 1584980 1700291 11719849 10865335 51119791 50663835 8472742 11728152 72897362 74957613 X 78799917 84331943 7434132 8858188 42996500 46438672 129230549 139628803 202127911 214586416 X 3720011 6300688 377555 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43440460 975397 6581606 -2857376 48150087 40476120 363027 2601313 43440460 36425784 54650 3995686 40476120 34310659 35019 2080106 36425784 33924974 675198 -289513 34310659 0.00920 0.96450 0.02630 0 0 76038 76038 41037344 17628308 23409036 7000238 5381717 1618521 46615871 5449589 41166282 66269877 PINE GROVE OFFSHORE FUND LTD. 5332156 F COMMONFUND CAPITAL PRIVATE EQUITY PART VII LP 1305288 F COMMONFUND GLOBAL ABSOLUTE ALPHA 5122971 F GOLDMAN SACHS HEDGE FUND 5525121 F PINE STREET ASSOCIATES LTD PARTNERSHIP 5335965 F ENDOWMENT VENTURE PARTNERS V 663700 F COMMONFUND CAPITAL PRIVATE EQUITY PART V LP 1025639 F 24310840 LAND DEVELOPMENT COSTS 5399211 ASSETS HELD IN ANNUITY TRUSTS 2015224 HORSES 24825 SUPPLIES 302371 PREPAID EXPENSES 890854 GIFT RECEIVABLE - NICOLAI 2227038 DONATED ASSETS 142275 SECURITY DEPOSITS 17575 ACCRUED INVESTMENT INCOME 21910 DEFERRED FINANCING COSTS 308177 11349460 ANNUITIES PAYABLE 1511913 INTEREST RATE SWAP 669366 REFUNDABLE ADVANCES 4800000 CONSTRUCTION FEES PAYABLE 4746873 11728152 X 49830018 6300688 1709184 8009872 41820146 7252695 7252695 49072841 39431764 1331629 1331629 38100135 7252695 7252695 45352830 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENTS CONSIST OF VARIOUS FUNDS ESTABLISHED TO SUPPORT A VARIETY OF SCHOLARSHIPS AT THE SCHOOL. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AS WELL AS GUIDANCE ON DE-RECOGNITIONS, CLASSIFICATION, INTEREST AND PENALITIES AND FINANCIAL STATEMENT REPORTING DISCLOSURES. FOR THESE 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN MARKET VALUE OF INTEREST RATE SWAP 377,555. SCHOOL STORE EXPENSES NETTED WITH SCHOOL STORE REVENUE 176,247. RENTAL EXPENSES NETTED WITH RENTAL INCOME 425,310. LOSS ON SALE OF ASSETS 730,072. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED WITH INVESTMENT REVENUE 63,710. FINANCIAL AID EXPENSE NETTED WITH REVENUE 7,188,985. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOOL STORE EXPENSES NETTED WITH SCHOOL STORE REVENUE 176,247. RENTAL EXPENSES NETTED WITH RENTAL INCOME 425,310. LOSS ON SALE OF ASSETS 730,072. PART XII, LINE 4B - OTHER ADJUSTMENTS: NETTED EXPENSES FOR INVESTMENTS 63,710. NETTED FINANCIAL AID EXPENSE 7,188,985. 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 MCDONOGH SCHOOL HAS PUBLISHED ITS RACIAL NONDISCRIMINATION POLICY IN ALL MEDIA THROUGH WHICH IT ADVERTISES CENTRAL AMERICAN AND THE CARIBBEAN 0 0 INVESTMENTS 15980248 0 0 0 0 0 0 15980248 0 15980248 1 0 1 1 0 0 1 SCHOLARSHIP GRANTS 381 7188985 CASH GRANTED PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS ARE GRANTED BASED ON FINANCIAL NEED AND SCHOLASTIC APTITUDE. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 CHARLES W BRITTON 351140 0 0 0 0 0 15279 0 15463 0 381882 0 0 0 LAWRENCE E JOHNSTON 161482 0 0 0 0 0 11707 0 13584 0 186773 0 0 0 KIRSTEN ADAMS 145907 0 0 0 0 0 8756 0 5558 0 160221 0 0 0 TIM FISH 131624 0 0 0 0 0 7351 0 14035 0 153010 0 0 0 WILLIAM RUSH 127731 0 0 0 0 0 6787 0 15815 0 150333 0 0 0 PART I, LINE 1A CHARLES W. BRITTON, HEADMASTER OF MCDONOGH SCHOOL, RECEIVED A HOUSING ALLOWANCE OF 17,090. IT IS INCLUDED IN HIS TAXABLE INCOME. A MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 2005-08-01 14300000 TO REPAY 1996 AND 1997 BONDS AND TO FUND NEW SWIMMING POOL 0 0 0 B MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY 526002033 574221KR7 2011-10-27 38000000 TO FINANCE CONSTRUCTION - MATH & SCI BLDG, STUDENT CTR, PWR PLT, INFRA STR 0 0 0 A 14300000 7210000 136543 6953457 2006 1 0 1 1 B 38662174 457748 29639431 8564995 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 M&T BANK 10.000000000000 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 A 1 B 0 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/12/2010 X 36 540234 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND IS DISTRIBUTED TO THE ENTIRE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C COPIES OF THE CONFLICT OF INTEREST POLICY ARE SUBMITTED TO EVERYONE TO REVIEW, SIGN OFF ON, AND GIVE TO THE VICE PRESIDENT FOR REVIEW. THE CONFLICT OF INTEREST POLICY IS ANNUALLY REVIEWED BY THE VICE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 FOR DETERMINING COMPENSATION FOR BOTH OFFICERS AND KEY EMPLOYEES, MCDONOGH SCHOOL USES PEER DATA PROVIDED BY BOTH AIMS (ASSOCIATION OF INDEPENDENT MARYLAND SCHOOLS) AND NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS) FOR COMPARIBILITY PURPOSES. THE INDEPENDENT BOARD HIRES THE HEADMASTER WHO THEN HIRES OTHER TOP MANAGEMENT OFFICIALS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN MARKET VALUE OF INTEREST RATE SWAP 377,555. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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