2013-03-27T15:21:16-05:00 2012-06-30 WATKINS MEEGAN LLC 6720-B ROCKLEDGE DRIVE SUITE 750 BETHESDA MD 20817 990 2011-07-01 530211355 MARET SCHOOL INC % ROBERT MCCARTHY MARE 2029398800 3000 CATHEDRAL AVENUE NW WASHINGTON DC 200083407 DARWIN WALKER 2013-02-15 true 3016547555 2011 2016-02-25 16:41:14Z MARJO TALBOTT 3000 CATHEDRAL AVENUE NW WASHINGTON DC 20008 26630599 false X www.maret.org X 1937 DC PROVIDE EDUCATION TO APPROXIMATELY 635 STUDENTS, FROM KINDERGARTEN THROUGH GRADE TWELVE. 25 25 197 415 0 10291314 4332753 19846228 20366556 386729 926638 83736 -92695 30608007 25533252 2919367 3092343 0 0 12294242 12889910 0 0 586069 7336974 6871348 22550583 22853601 8057424 2679651 68220671 70693464 28571522 29907750 39649149 40785714 PROVIDE EDUCATION TO APPROXIMATELY 635 STUDENTS, FROM KINDERGARTEN THROUGH GRADE TWELVE. false false 19298288 3092343 20366556 PROVIDE EDUCATION TO APPROXIMATELY 635 STUDENTS, FROM KINDERGARTEN THROUGH GRADE TWELVE. 19298288 true true false false false false false false true true false false false true true true false true false false false false false true 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 false true 153 0 true 197 true false false false false false false false false false false X 25 25 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 NANCY CASEY 2.0 X X 0 0 0 STEWART BAINUM JR 2.0 X X 0 0 0 MICHAEL BESCHLOSS 2.0 X 0 0 0 WALTER BURGIN 2.0 X X 0 0 0 JOHN KING 2.0 X 0 0 0 LAUSON GREEN 2.0 X 0 0 0 TRAVIS ALLEN 2.0 X 0 0 0 WILLIAM MALONI JR 2.0 X 0 0 0 DIANE MOONEY 2.0 X 0 0 0 IAN CAMERON 2.0 X 0 0 0 SUSAN MORITA 2.0 X 0 0 0 DARYL A LIBOW 2.0 X 0 0 0 MALVA REID 2.0 X 0 0 0 JOANNE BARKER 2.0 X 0 0 0 BRENDA V SMITH 2.0 X X 0 0 0 LESLIE MORGAN STEINER 2.0 X 0 0 0 MARY ZIENTS 2.0 X 0 0 0 PETER EDWARDS 2.0 X 0 0 0 EVELYN HALPERT 2.0 X 0 0 0 ESKO KORHONEN 2.0 X X 0 0 0 RICHARD SPIGLER 2.0 X 0 0 0 ROBERT YOUNGENTOB 2.0 X 0 0 0 JUDY BACON 2.0 X 0 0 0 JEAN BADERSCHNEIDER 2.0 X 0 0 0 DALIA FATEH 2.0 X 0 0 0 JENNIFER HOWARD 2.0 X 0 0 0 ADAM SCHWARTZ 2.0 X 0 0 0 MARY JOSEPHINE TALBOTT 40.0 X 444920 0 76060 DARWIN WALKER 40.0 X 236033 0 34227 SARAH DANIEL 40.0 X 163062 0 24553 CAROL HOGUE 40.0 X 115814 0 13357 TIM EMERSON 40.0 X 115704 0 19245 SUSAN EPPS 40.0 X 117643 0 13503 KATHY SWEENEY-HAMMOND 40.0 X 119325 0 21054 1312501 0 201999 7 false true false 0 4332753 491748 4332753 TUITION & FEES 900099 19631325 19631325 SUMMER PROGRAMS 900099 600882 600882 STUDENT ACTIVITIES 900099 134349 134349 20366556 596305 596305 0 0 1049757 719424 330333 330333 330333 132835 377923 -245088 -245088 0 0 OTHER INCOME 900099 152393 152393 152393 25533252 20366556 833943 0 3092343 3092343 0 0 732381 527314 205067 0 9917508 7926259 1991249 686957 579300 107657 806384 577345 229039 746680 582777 163903 0 21080 21080 38000 38000 0 0 625 625 872818 331973 537315 3530 3865 3865 642306 237244 335700 69362 151939 142951 1774 7214 0 351562 34594 316968 86832 22689 59263 4880 0 111213 96146 10612 4455 741431 741431 0 1676839 1676839 129764 129764 EXPENSE ALLOCATIONS 0 3559986 -3972412 412426 SCHOOL LUNCH PROGRAM 652692 652692 SCHOOL DEPARTMENTS 192440 192440 BUILDING & GROUNDS OPER. EXP 262860 262860 935082 742235 108645 84202 22853601 19298288 2969244 586069 -83597 6247289 6894791 0 5020928 3611308 214389 250946 0 0 0 0 0 0 0 0 168396 194242 45869671 15878728 30855130 29990943 24772570 30061544 0 0 0 0 0 0 378064 337192 68220671 70693464 910675 737491 0 0 8255157 8913063 16771170 16416908 0 0 0 0 0 0 0 0 2634520 3840288 28571522 29907750 X 21895505 22109615 3849489 3086604 13904155 15589495 39649149 40785714 68220671 70693464 X 2679651 -1543086 X false true true X X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16489234 1685340 196291 454708 17916157 8964424 6473380 1509391 457961 16489234 8235452 531429 540545 343002 8964424 9026759 162380 -712552 241135 8235452 0.87000 0.13000 false false 126082 126082 38846581 12106431 26740150 2186684 392177 1794507 684990 628009 56981 4025334 2752111 1273223 29990943 0 AMTS HELD ON BEHALF OF OTHERS 778840 DEFERRED COMPENSATION 222081 CAPITAL LEASE OBLIGATION 100376 INTEREST RATE SWAP MARKET VALUE 2738991 3840288 25533252 22853601 2679651 -1543086 -1543086 1136565 24368089 -1543086 377923 -1165163 25533252 25533252 23231524 377923 377923 22853601 22853601 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 AS A QUALIFIED EDUCATIONAL INSITUTION 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 2008 ARE NO LONGER SUBJECT TO EXAMINATION BY THE IRS AND THE TAX JURISDICTION OF THE DISTRICT OF COLUMBIA. IN ACCORDANCE WITH THE PROVISIONS IN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION (FASC), 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, 2012 AND 2011, 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. REVENUE INCLUDED ON BOOKS AND NOT ON FORM 990 PART XII, LINE 2D GALA EXPENSES $377,923 EXPENSE INCLUDED ON BOOKS AND NOT ON FORM 990 PART XIII, LINE 2D GALA EXPENSES $377,923 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. THE BOARD OF TRUSTEES OF THE SCHOOL HAS INTERPRETED THE STATE PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (SPMIFA) AND CLASSIFIES ITS INVESTMENT RETURN ON DONOR-RESTRICTED ENDOWMENT ASSETS AS TEMPORARILY RESTRICTED. true true true true true true true false false false false false false false false false true SCHOOL'S NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE WASHINGTON POST ON A PERIODIC BASIS. CENTENNIAL GALA 132835 132835 20500 127479 6200 223744 0 132835 132835 20500 127479 6200 223744 377923 -245088 true FINANCIAL AID 155 3092343 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 404920 0 0 0 40000 0 59468 0 16592 0 520980 0 0 0 DARWIN WALKER 236033 0 0 0 0 0 18883 0 15344 0 270260 0 0 0 SARAH DANIEL 163062 0 0 0 0 0 13045 0 11508 0 187615 0 0 0 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. DISTRICT OF COLUMBIA 536001131 2548394P5 2009-10-07 17335000 CONSTRUCTION false false false 17335000 0 17335000 0 0 0 0 0 0 17335000 0 0 2006 true false true true false false false false 0.00000 0.00000 0.00000 true false true true SUNTRUST BANK 11. false false false 0 false false BRENDA SMITH TRUSTEE 17000 FINANCIAL AID X 6271 491748 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 2009, 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 5 UNREALIZED LOSS ON INVESTMENTS: ($1,543,086)