2013-04-30T09:27:47-05:00 2012-06-30 420714325 MCGLADREY LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2011-07-01 520591604 GILMAN SCHOOL INCORPORATED GILM 4103233800 5407 ROLAND AVENUE BALTIMORE MD 21210 SEAN T FURLONG 4103233800 2013-03-21 1 JULIA FLANNERY CPA P00928918 4102469300 2011 2016-03-07 17:11:31Z GILMAN SCHOOL JOHN E SCHMICK 5407 ROLAND AVENUE BALTIMORE MD 21210 53284150 0 X WWW.GILMAN.EDU X 1897 MD GILMAN SCHOOL IS A DIVERSE COMMUNITY DEDICATED TO EDUCATING BOYS IN MIND, BODY, AND SPIRIT THROUGH PARTICULAR EMPHASIS UPON ACADEMIC EXCELLENCE, ATHLETIC PARTICIPATION AND AESTHETIC APPRECIATION. GILMAN SEEKS TO PRODUCE MEN OF CHARACTER AND INTEGRITY WHO HAVE THE SKILLS AND ABILITY TO MAKE A POSITIVE CONTRIBUTION TO THE COMMUNITIES IN WHICH THEY LIVE AND WORK. 44 44 319 400 -204311 -205125 5141347 3496514 23375902 24633159 3198265 2737083 294735 294461 32010249 31161217 3424047 3613088 0 0 17916988 18462646 0 0 1778645 10419737 10911565 31760772 32987299 249477 -1826082 169524921 164633203 33933541 37462267 135591380 127170936 X GILMAN SCHOOL IS A DIVERSE COMMUNITY DEDICATED TO EDUCATING BOYS IN MIND, BODY, AND SPIRIT THROUGH PARTICULAR EMPHASIS UPON ACADEMIC EXCELLENCE, ATHLETIC PARTICIPATION AND AESTHETIC APPRECIATION. GILMAN SEEKS TO PRODUCE MEN OF CHARACTER AND INTEGRITY WHO HAVE THE SKILLS AND ABILITY TO MAKE A POSITIVE CONTRIBUTION TO THE COMMUNITIES IN WHICH THEY LIVE AND WORK. 0 0 24831040 3602138 24633159 PROVIDING EDUCATION FOR 1,018 STUDENTS OF THE LOWER, MIDDLE AND UPPER GRADES. 24831040 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 76 0 1 319 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 44 44 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X REBECCA G LEVY 4103233800 GILMAN SCHOOL 5407 ROLAND AVE BALTIMORE MD 21210 PAUL F MCBRIDE 10.00 X X 0 0 0 WILLIAM L PATERNOTTE 5.00 X X 0 0 0 TAYLOR S CLASSEN 5.00 X X 0 0 0 SUSAN D GINKEL 5.00 X X 0 0 0 THEODORE M ALEXANDER III 2.00 X 0 0 0 ERIC D BECKER 2.00 X 0 0 0 WM POLK CAREY 2.00 X 0 0 0 JOHN F CAVANAUGH 2.00 X 0 0 0 NICHOLAS D CORTEZI II 2.00 X 0 0 0 OWEN DALY II 2.00 X 0 0 0 SAMUEL M DELL III 2.00 X 0 0 0 CHARLES C FENWICK JR 2.00 X 0 0 0 EBEN D FINNEY III 2.00 X 0 0 0 BENJAMIN H GRISWOLD IV 2.00 X 0 0 0 HARRY D HALPERT 2.00 X 0 0 0 MICHAEL D HANKIN 2.00 X 0 0 0 TIMOTHY W HATHAWAY 2.00 X 0 0 0 GEORGE B HESS JR 2.00 X 0 0 0 CHEO D HURLEY 2.00 X 0 0 0 JONATHON S JACOBSON 2.00 X 0 0 0 BRIAN W JONES 2.00 X 0 0 0 BENSON E LEGG 2.00 X 0 0 0 HENRY I MYERBERG 2.00 X 0 0 0 DW WELLS OBRECHT 2.00 X 0 0 0 WILLIAM M PASSANO JR 2.00 X 0 0 0 STEPHEN T SCOTT 2.00 X 0 0 0 KATHY L SHAPIRO 2.00 X 0 0 0 SCOTT L SHERMAN 2.00 X 0 0 0 J RICHARD THOMAS SR 2.00 X 0 0 0 GEORGE E THOMSEN 2.00 X 0 0 0 MARIA VELLEGGIA TILLEY 2.00 X 0 0 0 THEODORE C WATERS III 2.00 X 0 0 0 MICHAEL J WEINFELD 2.00 X 0 0 0 MITCHELL D WHITEMAN 2.00 X 0 0 0 SCOTT A WIELER 2.00 X 0 0 0 CLARENCE L YOUNG III 2.00 X 0 0 0 MICHAEL S BEATTY 2.00 X 0 0 0 JEFFREY H COHEN 2.00 X 0 0 0 KRIS GROENKE 2.00 X 0 0 0 GERARD C HARRISON 2.00 X 0 0 0 MARK D NEUMANN 2.00 X 0 0 0 SAMUEL PETERS 2.00 X 0 0 0 EVA F SIMMONS-O'BRIEN 2.00 X 0 0 0 JONATHAN W THAYER 2.00 X 0 0 0 JOHN SCHMICK 40.00 X 286156 0 85612 SEAN T FURLONG 40.00 X 176843 0 55248 TIMOTHY HOLLEY JR 40.00 X 113535 0 31513 MARY KATE RATCLIFFE 40.00 X 144213 0 16023 R LEITH HERRMANN 40.00 X 119780 0 26578 IVA TURNER 40.00 X 123611 0 10173 HENRY SMYTH 40.00 X 112116 0 42907 1076254 0 268054 9 0 1 0 CHARTWELLS INC PO BOX 91337 CHICAGO IL 60693 DINING HALL/ CATERING 809340 AT ONCE LLC 15938 DEERWOOD RD ROCKVILLE MD 20855 CUSTODIAL SERVICES 317466 DP SOLUTIONS 9610 RED BRANCH ROAD SUITE W1 COLUMBIA MD 21045 LAPTOPS, COMPUTERS & PROGRAMMING 261441 DSR INC 921-P MERCANTILE DRIVE HANOVER MD 21076 COMPUTERS/EQUIPMENT 222492 ART & SCIENCE GROUP LLC 300 EAST LOMARD ST SUITE 610 BALTIMORE MD 21202 SURVEY/ASSESSMENT 176805 9 595 3495919 911715 3496514 TUITION AND FEES 900099 23811776 23811776 COMMUNITY AND SUMMER P 611710 341855 341855 AFTER SCHOOL PROGRAMS 611710 156984 156984 OTHER FEES AND CHARGES 611710 141302 141302 ALUMNI & PARENTS ASSOC 611710 133633 133633 47609 47609 24633159 775632 -209258 984890 209140 0 209140 209140 209140 23667631 21706180 1961451 1961451 1961451 107438 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44523074 38906470 43723870 44256370 135591380 127170936 169524921 164633203 X -1826082 -6594362 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82398874 8851256 280261 3925679 87604712 71535009 1895107 13434160 4115244 350158 82398874 66404673 1528201 7742910 4203512 -62737 71535009 68549305 608850 742503 3883047 -387062 66404673 0.16940 0.50520 0.32540 0 0 69455296 21595286 47860010 5844859 268394 5576465 53436475 LIMITED PARTNERSHIPS 26995731 F OTHER 9164 F PRIVATE EQUITY 4387317 F RESTRICTED INTEREST IN REAL ESTATE SECURITIES 3753928 F SHORT-TERM INVESTMENTS 1427511 F 36573651 DEFERRED SUMMER PROGRAM INCOME 55069 DEFERRED TUITION INCOME 1458411 UNAMORTIZED DISCOUNT ON POOLED INCOME FUNDS 11051 INTEREST RATE SWAP 3786269 5310800 31161217 32987299 -1826082 -2427512 -4166850 -6594362 -8420444 24584036 -2427512 -2427512 27011548 100236 4049433 4149669 31161217 33004480 4534222 4534222 28470258 100236 4416805 4517041 32987299 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE CURRENT SPENDING POLICY IS TO DISTRIBUTE AN AMOUNT EQUAL TO 5% OF THE TRAILING THREE-YEAR AVERAGE PORTFOLIO VALUE AS OF JUNE 30 TO BE USED TO PROVIDE FUNDS FOR BOARD OF TRUSTEES DESIGNATED INITIATIVES, FINANCIAL AID, FACULTY DEVELOPMENT AND OTHER DONOR DESIGNATED PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS ADOPTED THE ACCOUNTING STANDARD 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. AS OF JUNE 30, 2012 AND 2011, THERE ARE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDING BEFORE JUNE 30, 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: SWAP MARKET ADJUSTMENT -4,166,850. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID & TUITION REMISSION NETTED ON FINANCIAL STATEMENT 4,257,046. COST OF GOODS SOLD NETTED AGAINST INCOME ON FINANCIAL STATEMENT -367,372. RENTAL INCOME NETTED WITH EXPENSES ON THE FINANCIAL STATEMENT 209,140. FUNDRAISING EXPENSES NETTED WITH REVENUE ON 990 -49,381. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH INCOME ON FINANCIAL STATEMENT 367,372. SWAP MARKET ADJUSTMENT 4,166,850. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID & TUITION REMISSION NETTED ON FINANCIAL STATEMENT 4,257,046. RENTAL REVENUE NETTED WITH EXPENSES ON FINANCIAL STATEMENT 209,140. FUNDRAISING EXPENSES NETTED WITH REVENUE ON 990 -49,381. 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 PUBLISHED IN SCHOOL BROCHURES, APPLICATION FOR ADMISSION AND IN THE LOCAL TRADE NEWSPAPERS/PERIODICALS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES MIDDLE SCHOOL TRIP 14053 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 29989441 0 0 0 0 0 0 30003494 0 30003494 1 0 0 0 0 0 BULL ROAST 108033 595 107438 23084 3925 22372 108033 595 107438 23084 3925 22372 49381 58057 1 BALTIMORE COMMUNITY FOUNDATION 2 EAST READ STREET 9TH FLOOR BALTIMORE MD 21202 237180620 501(C)(3) 10000 BALTIMORE INDEPENDENT CITY SCHOOLS ALLIANCE FUND 1 0 FINANCIAL AID 245 3602138 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GILMAN PROVIDES FINANCIAL AID TO STUDENTS WHO QUALIFY. THE GRANT REDUCES THE TUITION DUE. PARENTS ARE NEVER GIVEN A CHECK OR CASH FOR A GRANT. X X 1 1 X X 0 0 0 0 0 0 0 0 0 JOHN SCHMICK 262656 0 23500 0 0 0 37414 0 48198 0 371768 0 0 0 SEAN T FURLONG 176843 0 0 0 0 0 14738 0 40510 0 232091 0 0 0 MARY KATE RATCLIFFE 144213 0 0 0 0 0 10474 0 5549 0 160236 0 0 0 HENRY SMYTH 112116 0 0 0 0 0 7493 0 35414 0 155023 0 0 0 PART I, LINE 1A HEADMASTER, JOHN SCHMICK, RECEIVED A RESIDENCE FOR PERSONAL USE AND PERSONAL SERVICES DURING THE YEAR. THESE BENEFITS ARE NOT TAXABLE AND ARE INCLUDED IN SCHEDULE J, PART II, COLUMN D. MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 574217XB6 2006-06-01 30000000 CONSTRUCTION 0 1 0 30000000 30000000 2009 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 1 1 1 SUN TRUST 30.000000000000 0 0 0 0 0 X 104 593715 FAIR MARKET VALUE X 1 318000 FAIR MARKET VALUE 1 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 GILMAN'S EXECUTIVE COMMITTEE OF THE BOARD REVIEWS THE DRAFT AND MEETS TO DISCUSS VIA TELECONFERENCE. THE DRAFT IS THEN SENT TO THE ENTIRE BOARD ASKING THEM TO REVIEW THE FORM AND PROVIDE ANY QUESTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, GILMAN'S DEVELOPMENT OFFICE ASKS EACH BOARD MEMBER TO SUBMIT A CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE HEADMASTER'S PERFORMANCE AND COMPENSATION ARE REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD. VARIOUS BENCHMARKS (NAIS, AIMS) FOR SCHOOLS OF COMPARABLE SIZE OF STUDENTS ARE USED TO ESTABLISH A COMPENSATION PACKAGE THAT IS ABOVE AVERAGE FOR A SCHOOL OF OUR SIZE. THE HEADMASTER DETERMINES THE COMPENSATION OF ALL OTHER EMPLOYEES ALSO USING COMPARABLE DATA. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAIABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,427,512. SWAP MARKET ADJUSTMENT -4,166,850. TOTAL TO FORM 990, PART XI, LINE 5: -6,594,362. ROLAND NORTHERN BRIDGE COMPANY 5407 ROLAND AVENUE BALTIMORE MD 21210 300088452 BUILDING AND MAITENANCE OF PEDESTRIAN BRIDGES MD 501(C)(3) LINE 11A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0