POTOMAC SCHOOL: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- POTOMAC SCHOOL (EIN 54-0562160)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-01-18
- IRS object ID
- 201320189349300312
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-18T10:07:02-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9737 WASHINGTONIAN BLVD 400 | AddressLine1 |
| City | GAITHERSBURG | City |
| State | MD | State |
| ZIP Code | 208787340 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540562160 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE POTOMAC SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | POTO | NameControl |
| Phone | 7033564100 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 430 | AddressLine1 |
| City | MCLEAN | City |
| State | VA | State |
| ZIP Code | 22101 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GEOFFREY JONES | Name |
| Title | HEADMASTER | Title |
| Phone | 7033564100 | Phone |
| Date Signed | 2013-01-18 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM E TURCO CPA | Name |
| PTIN | P00369217 | PTIN |
| Phone | 3012963600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | GEOFFREY JONES | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 430 | AddressLine1 |
| City | MCLEAN | City |
| State | VA | State |
| ZIP Code | 22101 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 58220344 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.POTOMACSCHOOL.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1907 | YearFormation |
| State Legal Domicile | DC | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE EDUCATIONAL SERVICES FROM KINDERGARTEN THROUGH THE TWELFTH GRADE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 21 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 626 | TotalNbrEmployees |
| Total Nbr Volunteers | 1080 | TotalNbrVolunteers |
| Total Gross UBI | 3924 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -1740 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2535138 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4229142 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 32429303 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 34032747 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1203357 | InvestmentIncomePriorYear |
| Investment Income Current Year | 358798 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 501306 | OtherRevenuePriorYear |
| Other Revenue Current Year | 556391 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 36669104 | TotalRevenuePriorYear |
| Total Revenue Current Year | 39177078 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3492597 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3344348 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 19616906 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 20188998 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1917077 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12906227 | OtherExpensePriorYear |
| Other Expenses Current Year | 13054766 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 36015730 | TotalExpensesPriorYear |
| Total Expenses Current Year | 36588112 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 653374 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2588966 | RevenuesLessExpensesCY |
| Total Assets BOY | 124121163 | TotalAssetsBOY |
| Total Assets EOY | 127881317 | TotalAssetsEOY |
| Total Liabilities BOY | 53788126 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 58027979 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 70333037 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 69853338 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO FOSTER EACH STUDENT'S INTELLECTUAL DEVELOPMENT, LOVE OF LEARNING, AND STRENGTH OF CHARACTER WITHIN AN INCLUSIVE COMMUNITY DISTINGUISHED BY A SPIRIT OF SUPPORT AND CHALLENGE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 29021932 | Expense |
| Grants | 3344348 | Grants |
| Revenue | 31961213 | Revenue |
| Description | PROVIDING EDUCATION FROM KINDERGARTEN TO THE TWELFTH GRADE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2193263 | Expense |
| Revenue | 1878699 | Revenue |
| Description | SUMMER DAY CAMP AND ACADEMIC REVIEW. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 161021 | Expense |
| Revenue | 192835 | Revenue |
| Description | THE AERO: SBC (STANDARDS-BASED CURRICULUM) INITIATIVE BRINGS TEAMS OF TEACHERS AND CURRICULUM SPECIALISTS FROM PARTICIPATING PILOT SCHOOLS TOGETHER TO REVIEW THE STANDARDS AND DEVELOP GRADE-LEVEL APPROPRIATE CURRICULUM AND MATERIALS. PARTICIPANTS ARE TRAINED TO SERVE AS TRAINERS TO FACULTY IN THEIR OWN SCHOOLS AND BROADER PROJECT, THUS MAXIMIZING THE IMPACT OF EACH SBC WORKSHOP. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | THE OVERSEAS LEADERSHIP INSTITUTE AT THE POTOMAC SCHOOL IS ABOUT ENVISIONING LEADERSHIP AND NETWORKING LEADERS WHO WILL INSPIRE VERY DIVERSE COMMUNITIES OF LEARNERS. IT IS DESIGNED TO BLEND THE EXPERIENCE OF STRONG SCHOOL LEADERS FROM OVERSEAS INDEPENDENT SCHOOLS WITH NEW THINKING ON LEADERSHIP AS REPRESENTED IN ACADEMIC RESEARCH AND PRIVATE SECTOR PRACTICE. THE POTOMAC SCHOOL, LED BY GEOFFREY JONES, BRINGS A PARTNERSHIP WITH SOME OF THE MOST PROMISING LEADERS OF OVERSEAS SCHOOLS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 31376216 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 130 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 626 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 21 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID DEJESUS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7033564100 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 430 | AddressLine1 |
| City | MCLEAN | City |
| State | VA | State |
| ZIP Code | 22101 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (28 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| H LAWRENCE CULP JR | |||||||
| CHAIR | 1.50 | X | X | 0 | 0 | 0 | |
| JOHN K DELANEY | |||||||
| VICE-CHAIR | 1.50 | X | X | 0 | 0 | 0 | |
| STEVEN J QUAMME | |||||||
| TREASURER | 1.50 | X | X | 0 | 0 | 0 | |
| MARJORIE P BRENNAN | |||||||
| SECRETARY | 1.50 | X | X | 0 | 0 | 0 | |
| J KEITH AUSBROOK | |||||||
| AT LARGE | 1.50 | X | 0 | 0 | 0 | ||
| SUSAN W ROSS | |||||||
| AT LARGE | 1.50 | X | 0 | 0 | 0 | ||
| JOSEPH P ALLEN | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| ENRICO CECCHI | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| PATRICIA D COLEMAN | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| ALAN J DABBIERE | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| JONATHAN DARMAN | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| THOMAS D ECKERT | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| GARY C HILL | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| MARK C LOWHAM | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| JEFFREY D NUECHTERLEIN | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| LYNNE F O'BRIEN | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| RONALD H PEELE JR | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| LOLA J SINGLETARY | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| JAMES R SOCAS | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| LINDA D TURNER | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| JAY WINIK | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| GEOFFREY JONES | |||||||
| HEAD OF SCHOOL | 40.00 | X | 603050 | 0 | 107868 | ||
| DAVID DEJESUS | |||||||
| CFO AND COO | 40.00 | X | 227295 | 0 | 24312 | ||
| DABNEY SCHMITT | |||||||
| DIR OF DEV AND ALUM | 40.00 | 170554 | 0 | 30285 | X | ||
| DONALD FIRKE | |||||||
| HEAD OF THE UPPER SCHOOL | 40.00 | 145611 | 0 | 82145 | X | ||
| WILLIAM COOK | |||||||
| ASST. HEAD OF SCHOOL, ACADEMICS | 40.00 | 136501 | 0 | 34013 | X | ||
| SHEILA O'MARAH | |||||||
| DEAN OF FACULTY & ENGLISH TEACHER | 40.00 | 129089 | 0 | 62592 | X | ||
| CHARLOTTE NELSEN | |||||||
| DIR. OF ADMISSION & FIN AID | 40.00 | 128651 | 0 | 34628 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1540751 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 375843 | TotalOtherCompensation |
| Number Individuals GT100 K | 14 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SAGE DINING SERVICES INC | |||||
| 1402 YORK RD | LUTHERVILLE | MD | 21093 | FOOD SERVICE | 607548 |
| CAVALIER SERVICES INC | |||||
| 2722 MERRILEE DR SUITE 300 | FAIRFAX | VA | 22031 | JANITORIAL | 197305 |
| COX GRAAE & SPACK | |||||
| 2909 M STREET NW | WASHINGTON | DC | 20007 | ARCHITECTS | 160169 |
| LA PRIMA FOOD GROUP INC | |||||
| 5105 BERWYN RD STE 101 | COLLEGE PARK | MD | 20740 | FOOD SERVICE | 129176 |
| BROTHERS PAVING & CONCRETE CORPORATION | |||||
| 8469 HAWKINS DR | MANASSAS | VA | 20109 | PAVING CONTRACTOR | 114285 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| Fundraising Events | 153118 | FundraisingEvents |
| All Other Contributions | 4076024 | AllOtherContributions |
| Noncash Contributions | 765722 | NoncashContributions |
| Total Contributions | 4229142 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION | 900099 | 31284507 | 31284507 | |
| SUMMER PROGRAMS | 900099 | 1878699 | 1878699 | |
| TRANSPORTATION | 900099 | 694956 | 691032 | 3924 |
| ENRICHMENT PROGRAM | 900099 | 101298 | 101298 | |
| EXTENDED DAY | 900099 | 73287 | 73287 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 34032747 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 324957 | TotalRevenueColumn |
| Exclusion | $324,957 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 12178 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 12178 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12178 | TotalRevenueColumn |
| Exclusion | $12,178 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 18921941 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 18888100 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 33841 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 33841 | TotalRevenueColumn |
| Exclusion | $33,841 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 375862 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 153118 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 125072 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 250790 | TotalRevenueColumn |
| Exclusion | $250,790 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 115918 | GrossSalesOfInventory |
| Cost Of Goods Sold | 30094 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 85824 | TotalRevenueColumn |
| Exclusion | $85,824 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 207599 | TotalRevenueColumn |
| Exclusion | $207,599 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 207599 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39177078 | TotalRevenueColumn |
| Related Or Exempt Function Income | 34028823 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 3924 | UnrelatedBusinessRevenue |
| Exclusion | $915,189 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3344348 | Total |
| Program Services | 3344348 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 987796 | Total |
| Program Services | 863179 | ProgramServices |
| Management And General | 70838 | ManagementAndGeneral |
| Fundraising | 53779 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15377650 | Total |
| Program Services | 13447752 | ProgramServices |
| Management And General | 1099451 | ManagementAndGeneral |
| Fundraising | 830447 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1033534 | Total |
| Program Services | 895675 | ProgramServices |
| Management And General | 79404 | ManagementAndGeneral |
| Fundraising | 58455 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1540581 | Total |
| Program Services | 1342306 | ProgramServices |
| Management And General | 110158 | ManagementAndGeneral |
| Fundraising | 88117 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1249437 | Total |
| Program Services | 1091395 | ProgramServices |
| Management And General | 94433 | ManagementAndGeneral |
| Fundraising | 63609 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18615 | Total |
| Program Services | 12356 | ProgramServices |
| Management And General | 3947 | ManagementAndGeneral |
| Fundraising | 2312 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73762 | Total |
| Program Services | 48962 | ProgramServices |
| Management And General | 15640 | ManagementAndGeneral |
| Fundraising | 9160 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 709985 | Total |
| Program Services | 546716 | ProgramServices |
| Management And General | 133358 | ManagementAndGeneral |
| Fundraising | 29911 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25117 | Total |
| Program Services | 18012 | ProgramServices |
| Management And General | 5754 | ManagementAndGeneral |
| Fundraising | 1351 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 752835 | Total |
| Program Services | 540765 | ProgramServices |
| Management And General | 101479 | ManagementAndGeneral |
| Fundraising | 110591 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 432507 | Total |
| Program Services | 367562 | ProgramServices |
| Management And General | 53348 | ManagementAndGeneral |
| Fundraising | 11597 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1179819 | Total |
| Program Services | 906014 | ProgramServices |
| Management And General | 224911 | ManagementAndGeneral |
| Fundraising | 48894 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 365957 | Total |
| Program Services | 352177 | ProgramServices |
| Fundraising | 13780 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 86943 | Total |
| Program Services | 11766 | ProgramServices |
| Fundraising | 75177 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1684001 | Total |
| Program Services | 1212481 | ProgramServices |
| Management And General | 387320 | ManagementAndGeneral |
| Fundraising | 84200 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2992339 | Total |
| Program Services | 2154484 | ProgramServices |
| Management And General | 688238 | ManagementAndGeneral |
| Fundraising | 149617 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 282025 | Total |
| Program Services | 222249 | ProgramServices |
| Management And General | 49102 | ManagementAndGeneral |
| Fundraising | 10674 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| DEPARTMENT EXPENSES | 1450046 | 1450046 | ||
| SUMMER PROGRAM | 1368127 | 1368127 | ||
| FOOD AND ENTERTAINMENT | 763642 | 549936 | 175544 | 38162 |
| PROFESSIONAL DEVELOPMEN | 331443 | 299583 | 23559 | 8301 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 537603 | Total |
| Program Services | 330325 | ProgramServices |
| Management And General | -21665 | ManagementAndGeneral |
| Fundraising | 228943 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36588112 | Total |
| Program Services | 31376216 | ProgramServices |
| Management And General | 3294819 | ManagementAndGeneral |
| Fundraising | 1917077 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 500 | BOY |
| EOY | 500 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16712760 | BOY |
| EOY | 18312331 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1702813 | BOY |
| EOY | 1779512 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60206 | BOY |
| EOY | 46721 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19352 | BOY |
| EOY | 65890 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 937736 | BOY |
| EOY | 941589 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 97117709 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 23497313 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75475878 | BOY |
| EOY | 73620396 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8619894 | BOY |
| EOY | 10433117 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19492926 | BOY |
| EOY | 16595968 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1099098 | BOY |
| EOY | 6085293 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 124121163 | BOY |
| EOY | 127881317 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1042443 | BOY |
| EOY | 2042267 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13139680 | BOY |
| EOY | 15338282 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33231639 | BOY |
| EOY | 32423665 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4111716 | BOY |
| EOY | 3974205 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2262648 | BOY |
| EOY | 4249560 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53788126 | BOY |
| EOY | 58027979 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66175636 | BOY |
| EOY | 65282673 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1879689 | BOY |
| EOY | 2247740 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2277712 | BOY |
| EOY | 2322925 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70333037 | BOY |
| EOY | 69853338 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 124121163 | BOY |
| EOY | 127881317 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2588966 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -3068665 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 30466515 | BeginningOfYearBalance |
| Contributions | 2314172 | Contributions |
| Investment Earnings Or Losses | -737127 | InvestmentEarningsOrLosses |
| Other Expenditures | 2472836 | OtherExpenditures |
| End Of Year Balance | 29570724 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 26438594 | BeginningOfYearBalance |
| Contributions | 737075 | Contributions |
| Investment Earnings Or Losses | 4674160 | InvestmentEarningsOrLosses |
| Other Expenditures | 1383314 | OtherExpenditures |
| End Of Year Balance | 30466515 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 28548066 | BeginningOfYearBalance |
| Contributions | 1173062 | Contributions |
| Investment Earnings Or Losses | 3313203 | InvestmentEarningsOrLosses |
| Other Expenditures | 6595737 | OtherExpenditures |
| End Of Year Balance | 26438594 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 47078817 | BeginningOfYearBalance |
| Contributions | 760534 | Contributions |
| Investment Earnings Or Losses | -4996925 | InvestmentEarningsOrLosses |
| Other Expenditures | 14294914 | OtherExpenditures |
| End Of Year Balance | 28547512 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.84540 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.07860 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.07600 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8932656 | OtherCostOrOtherBasis |
| Book Value | 8932656 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 79036249 | OtherCostOrOtherBasis |
| Depreciation | 15317485 | Depreciation |
| Book Value | 63718764 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9148804 | OtherCostOrOtherBasis |
| Depreciation | 8179828 | Depreciation |
| Book Value | 968976 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 73620396 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| LIMITED PARTNERSHIPS | 813963 | C |
| 64,357.886 SHS MULTI STRATEGY EQ FD | 12495027 | F |
| DIRECTIONAL AND RELATIVE VALUE | 3286978 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 16595968 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTEREST RATE SWAP AGREEMENT | Description |
| Amount | $4,249,560 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4249560 | TotalOfAmounts |
| Total Revenue | 39177078 | TotalRevenue |
| Total Expenses | 36588112 | TotalExpenses |
| Excess Or Deficit For Year | 2588966 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1081753 | NetUnrealizedGLOnInvestments |
| Other | -$1,986,912 | OtherAmount |
| Total Adjustments | -3068665 | TotalAdjustments |
| Excess Or Deficit Per FS | -479699 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 34786803 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1081753 | NetUnrealizedGainsInvestments |
| Other Revenues | -3338616 | OtherRevenues |
| Revenue Not Rptd F990 | -4420369 | RevenueNotRptdF990 |
| Revenue Subtotal | 39207172 | RevenueSubtotal |
| Other Revenues Not Included | -30094 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -30094 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 39177078 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 35266502 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 2017006 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 2017006 | ExpensesNotRptdF990 |
| Expenses Subtotal | 33249496 | ExpensesSubtotal |
| Other Expenses Not Included | 3338616 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 3338616 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 36588112 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | ENDOWMENT FUNDS ARE USED TO PROVIDE FINANCIAL AID, PURCHASE LIBRARY BOOKS, FRAME STUDENT ARTWORK, FUND COMMUNITY SERVICE, FACULTY SALARIES AND ENRICHMENT, SCIENCE PROGRAMS, THEATER AND MUSIC, PAY FOR FINANCING OF NEW BUILDINGS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | 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," WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. INCOME THAT IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. FOR THE YEAR ENDED JUNE 30, 2012, THE SCHOOL HAD IMMATERIAL TAXABLE UNRELATED BUSINESS INCOME WITH LOSSES THAT COULD BE CARRIED OVER, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC TOPIC 740-10), 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. THE SCHOOL FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2009. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | UNREALIZED LOSS ON SWAPS -1,986,912. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID NETTED AGAINST TUITION -3,338,616. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B - BOOKSTORE -30,094. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B - BOOKSTORE 30,094. UNREALIZED LOSS ON SWAPS 1,986,912. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID NETTED AGAINST TUITION 3,338,616. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | AN ANNOUCEMENT IS PRINTED IN THE WASHINGTON POST NEWSPAPER. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | FALL FROLIC CARNIVAL | NameOfEvent1 |
| Gross Receipts Event1 | 68885 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 8865 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 60020 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 23778 | OtherDirectExpensesEvent1 |
| Name Of Event2 | SPRING AUCTION | NameOfEvent2 |
| Gross Receipts Event2 | 449010 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 141375 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 307635 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 101294 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 1 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 11085 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 2878 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 8207 | GrossRevenueOtherEvents |
| Gross Receipts Total | 528980 | GrossReceiptsTotal |
| Charitable Contributions Total | 153118 | CharitableContributionsTotal |
| Gross Revenue Total Events | 375862 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 125072 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 125072 | DirectExpenseSummaryEvents |
| Net Income Summary | 250790 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| FINANCIAL AID AWARDS TO STUDENTS | 164 | 3338616 |
| VARIOUS AWARDS TO TEACHERS | 5 | 5732 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE POTOMAC SCHOOL UTILIZES THE SERVICES OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS TO HELP EVALUATE EACH STUDENT'S NEEDS FOR FINANCIAL ASSISTANCE. EACH APPLICANT COMPLETES A STANDARDIZED FORM "SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID." THE INFORMATION CONTAINED IN THIS IS PROCESSED IN PRINCETON, NEW JERSEY. AN EVALUATION IS PRODUCED WHICH INCLUDES RECOMMENDATIONS AS TO THE LEVEL OF FINANCIAL ASSISTANCE REQUIRED. THE SCHOOL USES THESE REPORTS AS A GUIDE TO DETERMINE WHICH STUDENTS REQUIRE FINANCIAL ASSISTANCE AND AN ESTIMATE OF THAT NEED. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GEOFFREY JONES | |||||||||||||
| 328608 | 0 | 0 | 0 | 274442 | 0 | 22050 | 0 | 96069 | 0 | 721169 | 0 | 0 | 0 |
| DAVID DEJESUS | |||||||||||||
| 207631 | 0 | 0 | 0 | 19664 | 0 | 17969 | 0 | 8025 | 0 | 253289 | 0 | 0 | 0 |
| DABNEY SCHMITT | |||||||||||||
| 168138 | 0 | 0 | 0 | 2416 | 0 | 12407 | 0 | 20115 | 0 | 203076 | 0 | 0 | 0 |
| DONALD FIRKE | |||||||||||||
| 144300 | 0 | 0 | 0 | 1311 | 0 | 10631 | 0 | 72848 | 0 | 229090 | 0 | 0 | 0 |
| WILLIAM COOK | |||||||||||||
| 135301 | 0 | 0 | 0 | 1200 | 0 | 15537 | 0 | 20279 | 0 | 172317 | 0 | 0 | 0 |
| SHEILA O'MARAH | |||||||||||||
| 124009 | 0 | 0 | 0 | 5080 | 0 | 10020 | 0 | 53755 | 0 | 192864 | 0 | 0 | 0 |
| CHARLOTTE NELSEN | |||||||||||||
| 127524 | 0 | 0 | 0 | 1127 | 0 | 14753 | 0 | 21639 | 0 | 165043 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | THE SCHOOL COMPENSATES THE HEADMASTER AND VARIOUS DEPARTMENT HEADS. THE SCHOOL PROVIDES THE HEADMASTER AND VARIOUS DEPARTMENT HEADS WITH HOUSING. THE RENTAL VALUE REFLECTS THE FAIR MARKET VALUE FOR COMPARABLE HOUSES IN THE AREA. THE TRANSACTIONS WERE APPROVED BY THE BOARD OF TRUSTEES WITH ADEQUATE DOCUMENTATION. FOLLOWING EMPLOYEES RECEIVED HOUSING ALLOWANCE: GEOFFREY JONES - $56,764 - NONTAXABLE SHEILA O'MARAH - $45,411 - NONTAXABLE DONALD FIRKE - $50,657 - NONTAXABLE |
| PART I, LINE 4A | GEOFFREY JONES, SEVERANCE PAYMENT, $257,543 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|
| FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY | ||||||
| 540787833 | 2004-07-12 | 16430000 | REDEMPTION OF PRIOR BONDS AND SCHOOL CONSTRUCTION | 0 | 0 | 0 |
| FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY | ||||||
| 540787833 | 2005-08-04 | 20570000 | CONSTRUCTION OF NEW UPPER SCHOOL BUILDING | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Capital ExpendituresCapitalExpenditures | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Year Of Subst CompletionYearOfSubstCompletion |
|---|---|---|---|---|---|---|---|
| 14101617 | 16430000 | 5645549 | 1 | 0 | 0 | 1 | |
| 18322048 | 20570000 | 20570000 | 0 | 0 | 0 | 1 | 2006 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated |
|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||
| 0 | 0 | 0 | 0 | 0 | 1 | |||
| PNC BANK | ||||||||
| 0 | 1 | 1 | 0 | 0 | 1 | 29.600000000000 | 0 | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 8 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 339290 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | CONFIRMATION FROM BROKER | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | JOHN K. DELANEY, TRUSTEE AND TOM ECKERT, TRUSTEE - BUSINESS RELATIONSHIP | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. AFTER THAT IT GOES TO THE FULL BOARD FOR REVIEW AND APPROVAL. | |
| FORM 990, PART VI, SECTION B, LINE 12C | FOR KEY EMPLOYEES: WHERE A POTENTIAL CONFLICT OF INTEREST EXISTS, IT SHALL BE THE RESPONSIBILITY OF THE PERSON INVOLVED OR ANY OTHER PERSON WITH KNOWLEDGE TO NOTIFY THE HEAD OF SCHOOL OF THE CIRCUMSTANCES RESULTING IN THE POTENTIAL CONFLICT SO THAT IT CAN BE COMMUNICATED TO THE BOARD OF TRUSTEES WHO CAN, IN COUNSEL WITH THE HEAD OF SCHOOL, THEN PROVIDE SUCH GUIDANCE AND TAKE SUCH ACTION AS THEY SHALL DEEM APPROPRIATE. THIS STATEMENT SHALL BE SIGNED ANNUALLY BY ALL KEY EMPLOYEES. FOR BOARD OF TRUSTEES: WHERE A POTENTIAL CONFLICT OF INTEREST EXISTS, IT SHALL BE THE RESPONSIBILITY OF THE PERSON INVOLVED OR ANY OTHER PERSON WITH KNOWLEDGE TO NOTIFY THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES AS WELL AS THE CHAIR OF THE COMMITTEE ON TRUSTEES OF THE CIRCUMSTANCES RESULTING IN THE POTENTIAL CONFLICT SO THAT THE BOARD OF TRUSTEES CAN PROVIDE SUCH GUIDANCE AND TAKE SUCH ACTION AS IT SHALL DEEM APPROPRIATE. THIS STATEMENT SHALL BE SIGNED ANNUALLY BY ALL TRUSTEES. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION COMMITTEE REVIEWS AND DISCUSSES THE TOTAL COMPENSATION PACKAGES OF THE HEAD OF SCHOOL AND SCHOOL ADMINISTRATORS. SALARY INFORMATION ONLY FOR SIMILAR POSITIONS FROM COMPARABLE SCHOOLS ARE USED TO ESTABLISH A REASONABLE COMPENSATION. THE COMMITTEE HAS THE AUTHORITY TO APPROVE THE COMPENSATION PACKAGE OF THE HEAD OF SCHOOL AND SCHOOL ADMINISTRATORS ON AN ANNUAL BASIS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | A PUBLIC INSPECTION FILE IS MAINTAINED ONSITE THAT INCLUDES THE 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -1,081,753. UNREALIZED LOSS ON SWAPS -1,986,912. TOTAL TO FORM 990, PART XI, LINE 5: -3,068,665. | CHANGES IN NET ASSETS OR FUND BALANCES: |
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