2014-05-15T12:46:52-05:00 2013-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2012-07-01 520591625 THE PARK SCHOOL OF BALTIMORE PARK 4103397070 2425 OLD COURT ROAD BALTIMORE MD 21208 JOAN WEBBER 4103397070 2014-05-15 1 LORI S BURGHAUSER P00370694 4104031500 2014-05-15 2012 2015-11-30 17:44:51Z JOAN WEBBER 2425 OLD COURT ROAD BALTIMORE MD 21208 37562043 0 X WWW.PARKSCHOOL.NET X 1940 MD TO PROVIDE EDUCATION TO STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 27 27 461 1000 1876 876 4762589 4152140 21900355 22239875 478229 1517895 170773 535801 27311946 28445711 4418666 4984066 0 0 14048527 13967802 0 0 601433 6174077 6614105 24641270 25565973 2670676 2879738 63470525 66940860 18907810 17634957 44562715 49305903 X THE PARK SCHOOL, FOUNDED IN 1912, IS A NON-SECTARIAN, INDEPENDENT CO-EDUCATIONAL DAY SCHOOL EDUCATING STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. AS ONE OF THE EARLY PROGRESSIVE SCHOOLS, PARK'S CORE VALUES TODAY, AS AT ITS FOUNDING, ARE A BELIEF IN CHILDREN'S CAPACITY TO ENJOY LEARNING, TO ACT RATIONALLY, AND TO GROW WHEN INSPIRED BY HIGHLY QUALIFIED, CARING TEACHERS. A COMMITMENT TO EQUITY AND INCLUSIVENESS ARE FUNDAMENTAL TO PARK'S PHILOSOPHY. 0 0 19379078 4984066 21012859 INSTRUCTION & OTHER ACADEMIC PROGRAM EXPENSES - GENERAL OPERATION OF THE SCHOOL; PROVIDING BASIC EDUCATION FOR GRADES KINDERGARTEN THROUGH 12. 1343013 676089 AUXILIARY PROGRAMS & SPECIAL ACTIVITIES - EXPENSES ASSOCIATED WITH PROVIDING SUMMER CAMP, CAFETERIA AND SPECIAL PROGRAMS FOR THE CONVENIENCE OF THE STUDENTS. 20722091 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 41 0 461 1 1 1 0 0 0 0 1 1 1 0 0 1 0 X 27 27 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 MD X JOAN WEBBER 4103394161 2425 OLD COURT ROAD BALTIMORE MD 21208 JAMES WYDA 1.00 X 0 0 0 MARIA HARRIS TILDON 1.00 X 0 0 0 BRUCE FLEMING 1.00 X 0 0 0 CARBERY MORROW 1.00 X 0 0 0 LISA DVORINE ABRAMS MD 1.00 X 0 0 0 BRIAN BERGHUIS 1.00 X 0 0 0 CASSIE CARROLL 1.00 X 0 0 0 DAN CUMMINGS 1.00 X 0 0 0 BARRY CURTIS 1.00 X 0 0 0 NICHELLE HERMANN 1.00 X 0 0 0 DANIEL HIRCHHORN 1.00 X 0 0 0 DANIEL KLEIN 1.00 X 0 0 0 TRACI LERNER 1.00 X 0 0 0 MARGOT BAYLIN LESSANS 1.00 X 0 0 0 JACKIE LESSING 1.00 X 0 0 0 RAMESH MOORTHY 1.00 X 0 0 0 MATT MOUNTAIN 1.00 X 0 0 0 BETSY RINGEL 1.00 X 0 0 0 ELIZABETH RODINI 1.00 X 0 0 0 DEVY RUSSELL 1.00 X 0 0 0 PETE SACHS 1.00 X 0 0 0 SARAH HIRSCHHORN SHAPIRO 1.00 X 0 0 0 STEVEN SIBEL 1.00 X 0 0 0 LAURA TUCKER 1.00 X 0 0 0 LEONARD WEINBERG 1.00 X 0 0 0 JEAN WYMAN 1.00 X 0 0 0 THOMAS WETZLER 1.00 X 0 0 0 DAN PARADIS 40.00 X 371470 0 44339 JOAN WEBBER 40.00 X 172295 0 15508 DANIEL BERGMAN 40.00 X 112020 0 39903 ROGER SEIDENMAN 40.00 X 150451 0 56537 BETSY LEIGHTON 40.00 X 140727 0 18502 KEVIN COLL 40.00 X 112784 0 15602 JUNE BENNETT 40.00 X 112326 0 10192 1172073 0 200583 8 0 1 0 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 CAFETERIA 401184 CHRISTAR INC 2335 WILLOW VALE DRIVE FALLSTON MD 21047 CLEANING 285030 FAST SPOT LLC 2026 E LOMBARD ST BALTIMORE MD 21231 WEBSITE DEVELOPMENT 106350 3 26224 4125916 390621 4152140 TUITION & FEES 611600 21012859 21012859 CAFETERIA 722210 386385 386385 SUMMER CAMP 611600 353984 353984 EXTENDED DAY 611600 208268 208268 BUS OPERATIONS 485000 180351 180351 98028 98028 22239875 670671 1876 668795 206858 72987 133871 133871 133871 9608393 8761169 847224 847224 847224 500776 26224 117000 383776 383776 167521 165176 2345 2345 MISCELLANEOUS 611600 15809 15809 15809 28445711 21688948 1876 2602747 4984066 4984066 660840 544116 111009 5715 11131088 8649587 2397258 84243 662058 476089 180900 5069 697924 484273 207532 6119 815892 648193 161377 6322 13306 13306 53046 53046 109331 109331 16358 16358 95515 95515 117623 53077 53283 11263 164423 164423 1117989 1117989 365749 365749 1349991 1349991 122572 122572 CAFETERIA AND BUS OPERA 774356 774356 EVENTS & ACTIVITIES 465460 3575 461885 EDUCATION EXPENSES/EXTE 462887 462887 SUMMER CAMP 283515 283515 1101984 893952 187215 20817 25565973 20722091 4242449 601433 240 10143503 9207994 2848997 3181173 470085 428925 75000 75000 39347 37897 329520 359187 39553707 14543172 25504337 25010535 8188772 21014405 15760876 7520587 109848 105157 63470525 66940860 1758287 1664073 3451620 3050129 12796432 12385126 901471 535629 18907810 17634957 X 18848370 21341207 9391138 10268174 16323207 17696522 44562715 49305903 63470525 66940860 X 2879738 1479305 384145 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 10 30.00 1 0 0 25520046 1709149 3048174 1126688 29150681 23624121 3493000 -208958 1388117 25520046 19025962 1028021 4534975 964337 23624621 16371635 1419075 2267402 1032150 19025962 22061372 954038 -5183590 1460185 16371635 0.22710 0.54580 0.22710 0 0 2102531 2102531 32458754 13188002 19270752 4501911 1355170 3146741 490511 490511 25010535 ALTERNATIVE INVESTMENTS 7476119 F BONDS 44468 F 7520587 DUE TO STUDENT ORGANIZATIONS 45265 INTEREST RATE SWAP CONTRACT 490364 535629 X 23784986 1479305 384145 1863450 21921536 109331 6414844 6524175 28445711 19041798 0 19041798 109331 6414844 6524175 25565973 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE EXPENSES ARE CATEGORIZED AS ENGINEERING, PERMITS AND OTHER ASSOCIATED FEES. THERE IS NOT A FOOTNOTE IN THE FINANCIAL STATEMENTS FOR THE CONSERVATION EASEMENTS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO ALLOW THE SCHOOL TO CONTINUE TO CARRY OUT ITS MISSION OF PROVIDING EXTRAORDINARY EDUCATION FOR ITS STUDENTS. THE ENDOWMENT SUPPORTS CURRENT OPERATIONS AND HELPS SECURE FINANCIAL STABILITY AS THE SCHOOL ENTERS ITS SECOND CENTURY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: ASC 740, INCOME TAXES (ASC 740), 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-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES 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 REALIZED UPON ULTIMATE SETTLEMENT. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURE AS A COMPONENT OF INCOME TAX EXPENSE. THE SCHOOL DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 31, 2013 AND 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP CONTRACT 384,145. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCAL STATEMENT 1,340,218. FINANCIAL ASSISTANCE GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENT 4,984,066. NET SPECIAL EVENTS INCOME NETTED ON FINANCIAL STATEMENTS 90,560. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED WITH EXPENSES ON FINANCIAL STATEMENT 1,340,218. FINANCIAL ASSISTANCE GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENT 4,984,066. NET SPECIAL EVENTS INCOME 90,560. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 SCHOOL IS ALIGNED WITH AIMS (A CONSORTIUM OF INDEPENDENT SCHOOLS) AND ADVERTISES THROUGH THEM. ALL ADS AND SCHOOL LITERATURE STATE THE NON-DISCRIMINATORY POLICY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE PARK SCHOOL RECEIVES FEDERAL FUNDS FROM THE E-RATE PROGRAM THAT SUBSIDIZES PHONE, INTERNET, AND WEBSITE SERVICES. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENTS 2483602 0 0 0 0 0 0 2483602 0 2483602 1 0 0 0 1 0 AUCTION 527000 26224 500776 117000 527000 26224 500776 117000 117000 383776 1 FINANCIAL ASSISTANCE TO STUDENTS 266 4984066 FAMILIES RECEIVING FINANCIAL ASSISTANCE MUST GO THROUGH AN EXTENSIVE APPLICATION PROCESS. THEIR FINANCIAL AID AWARD IS DETERMINED BASED ON MULTIPLE FACTORS INCLUDING AMONG OTHERS, INCOME, ASSETS, AND LIABILITIES. FAMILIES MUST RE-APPLY FOR EACH SCHOOL YEAR. X X 1 1 X X X X X X 1 0 0 0 0 0 0 0 0 DAN PARADIS 213719 0 100000 0 57751 0 15000 0 29339 0 415809 0 0 0 JOAN WEBBER 155295 0 0 0 17000 0 10707 0 4801 0 187803 0 0 0 DANIEL BERGMAN 56010 0 0 0 56010 0 7200 0 32703 0 151923 0 0 0 ROGER SEIDENMAN 150451 0 0 0 0 0 9027 0 47510 0 206988 0 0 0 BETSY LEIGHTON 140727 0 0 0 0 0 9169 0 9333 0 159229 0 0 0 PART I, LINE 1A DAN PARADIS, HEAD OF SCHOOL, IS THE ONLY EMPLOYEE RECEIVING ANY OF THESE BENEFITS. THESE BENEFITS ARE INCLUDED IN DAN PARADIS'S W-2 TAXABLE COMPENSATION AND ARE PART OF HIS COMPENSATION PACKAGE. PART I, LINE 4A MR. DANIEL BERGMAN RECEIVED A SALARY SEVERANCE OF $56,010. HE ALSO RECEIVED $3,600 OF RETIREMENT BENEFITS AND $16,352 OF NONTAXABLE BENEFITS RELATED TO THE SEVERANCE. A MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AUTHORITY (MHHEFA) 520936091 NONEAVAIL 2010-12-01 14590000 REFUNDING OF 2000 AND 2002 BONDS 0 0 0 A 14590000 14590000 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 10.000000000000 0 0 0 0 0 A 1 DAN PARADIS MR. PARADIS IS THE HEAD OF SCHOOL FOR THE ORGANIZATION. PERSONAL LOAN FOR HOME X 100000 75000 0 1 1 75000 X 292 271689 FMV X 55078 FMV X 11 35463 FMV X CULINARY 91 16495 FMV X SPORTS AND HEALTH 73 11896 FMV 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE NUMBER OF ITEMS IS BEING REPORTED RATHER THAN THE NUMBER OF DONORS. THIRD PARTY USE: PART I, LINE 32B: INVESTMENT COMPANY EXECUTES SALES ORDER FOR STOCK SALES FORM 990, PART VI, SECTION A, LINE 2 DANIEL HIRSCHHORN AND SARAH HIRSCHHORN SHAPIRO ARE SIBLINGS AND BOTH ARE MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE HEAD OF SCHOOL, DIRECTOR OF FINANCE & OPERATIONS, THE TREASURER OF THE BOARD OF TRUSTEES AND THE PRESIDENT OF THE BOARD OF TRUSTEES REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS AND MADE AVAILABLE TO THE ENTIRE GOVERNING BODY. BOARD MEMBERS ARE NOTIFIED WHEN THE 990 IS COMPLETE AND AVAILABLE IN THE BUSINESS OFFICE FOR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY READ AND SIGN THE CONFLICT OF INTEREST POLICY AND TO DISCLOSE, IF NECESSARY, ANY CONFLICTS THEY HAVE. AT THE BEGINNING OF EACH FISCAL YEAR, ALL SENIOR MANAGEMENT AND ALL COMMITTEE MEMBERS, BOARD OF TRUSTEES OR OTHERWISE, RECEIVE THE CONFLICT OF INTEREST POLICY. THEY ARE GATHERED BY THE HEAD OF SCHOOL'S ASSISTANT TO ASCERTAIN THAT ONE HAS BEEN RECEIVED BY EACH PERSON. THE POLICY PROVIDES A DEFINITION OF A CONFLICT OF INTEREST AND STATES THE INDIVIDUAL'S RESPONSIBILITY FOR DISCLOSING CONFLICTS. GENERALLY, MEMBERS SELF-IDENTIFY IF AND WHEN ONE SHOULD ARISE. IF THEY ARE UNCERTAIN AS TO WHETHER OR NOT A CONFLICT ACTUALLY EXISTS, THEY WILL CONSULT WITH THE COMMITTEE CHAIR OR STAFF MEMBER, OR THEY MAY ASK THE COMMITTEE. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL RECUSES HIMSELF FROM THE CONVERSATION AS TO NOT INFLUENCE THE DECISIONS OR RECOMMENDATIONS MADE BY THE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 A REVIEW IS PERFORMED BY THE SCHOOL COUNCIL AND EXECUTIVE COMMITTEE OF THE BOARD TO DETERMINE COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES. NAIS AND AIMS PROVIDE PEER SCHOOL INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 THE PARK SCHOOL OF BALTIMORE'S FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.COM. THE PARK SCHOOL OF BALTIMORE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP ON LONG TERM DEBT 384,145. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE PARK SCHOOL PARENTS ASSOCIATION INC 2425 OLD COURT ROAD BALTIMORE MD 21208 237280445 COMMUNICATIONS, PARENT EDUCATION, COMMUNITY SUPPORT, SPECIAL PROJECTS MD 501(C)(3) LINE 11C, III-FI NONE 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 THE PARK SCHOOL PARENTS ASSOCIATION INC C 25000 CASH