2013-05-13T10:10:52-05:00 2012-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2011-07-01 520591488 CORPORATION OF ST TIMOTHY'S SCHOOL CORP 4104867400 8400 GREENSPRING AVENUE STEVENSON MD 21153 ANNE MARIE ESPOSITO 4104867400 2013-05-08 1 LORI S BURGHAUSER P00370694 4104031500 2013-05-08 2011 2016-02-24 21:20:13Z ANNE MARIE ESPOSITO 8400 GREENSPRING AVENUE STEVENSON MD 21153 18105150 0 X WWW.STT.ORG X 1832 MD ST. TIMOTHY'S SCHOOL IS A COLLEGE-PREPARATORY BOARDING AND DAY SCHOOL FOR GIRLS GRADES 9-12. 21 21 110 40 221385 0 5174239 5419679 6612699 6701350 501883 207449 75808 629299 12364629 12957777 2090496 2482450 0 0 3471958 3594441 0 20250 445063 3435254 3297548 8997708 9394689 3366921 3563088 27441414 31632636 5889668 6681459 21551746 24951177 X FOUNDED IN 1832, ST. TIMOTHY'S SCHOOL IS A COLLEGE-PREPARATORY BOARDING AND DAY SCHOOL, PREPARING GIRLS TO ASSUME POSITIONS OF LEADERSHIP WITH MORAL FOCUS AND COURAGE, INTELLECTUAL HONESTY AND ACUMEN, AND THE CONFIDENCE TO ACT RESPONSIBLY AND ETHICALLY IN ALL AREAS OF THEIR LIVES.ST. TIMOTHY'S INSTILLS A PASSION FOR LEARNING, AND IS COMMITTED TO THE FORMATION OF CHARACTER, SPIRITUAL GROWTH, SOCIAL RESPONSIBILITY, AND A RESPECT FOR DIVERSITY. SUCH COMMITTMENTS ARE THE HALLMARKS OF OUR HERITAGE.ST. TIMOTHY'S CURRICULUM IS BASED UPON THE INTERNATIONAL BACCALAUREATE PROGRAM, WHICH IS ONE OF THE MOST RIGOROUS AND ADVANCED CURRICULA TODAY FOR PREPARING STUDENTS FOR THE VARIED CHALLENGES THEY WILL CONFRONT THROUGHOUT THEIR LIVES.ST. TIMOTHY'S OFFERS A RICH AND HIGHLY INDIVIDUALIZED PROGRAM WITH SUPERB RESOURCES IN ATHLETICS, ARTS, CLUBS, WORLD AFFAIRS AND COMMUNITY SERVICE CAPITALIZING ON THE TALENTS AND STRENGTHS OF EACH INDIVIDUAL STUDENT. 0 0 6871241 2482450 6479965 PROVIDING BOARDING AND DAY STUDENTS GRADES 9-12 WITH AN UNPARALLELED SETTING, STRONG COMMUNITY, COMPREHENSIVE RESOURCES, AND PREMIER EDUCATION BASED ON THE INTERNATIONAL BACCALAUREATE DIPLOMA PROGRAM (IB) 6871241 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 37 0 110 1 1 1 0 0 0 0 0 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X ANNE ESPOSITO 4104867400 8400 GREENSPRING AVENUE STEVENSON MD 21153 BARBARA WHITAKER OVERSTREET 2.00 X 0 0 0 ELIZABETH VALK LONG 2.00 X 0 0 0 JOAN ELLIS 2.00 X 0 0 0 ELEANOR WRIGHT LINDEMANN 2.00 X 0 0 0 MARY RICHARDS BARTLETT 1.00 X 0 0 0 THE RIGHT REV JOE BURNETT 1.00 X 0 0 0 LISA HOOKER CAMPBELL 1.00 X 0 0 0 CALVINE BOWEN DUNNAN 1.00 X 0 0 0 SUSAN HANDY DUPONT 1.00 X 0 0 0 JEAN BROWN FINNEY 1.00 X 0 0 0 PIE PINCKNEY FRIENDLY 1.00 X 0 0 0 NANCY GROSS HARVEY 1.00 X 0 0 0 DIANA C HELANDER 1.00 X 0 0 0 ALICE INGRAM HOOKER 1.00 X 0 0 0 SERENA KOVEN 1.00 X 0 0 0 DAVID C MANKE 1.00 X 0 0 0 THE RIGHT REV JOHN L RABB 1.00 X 0 0 0 JAN MILLIKEN RUSSELL 1.00 X 0 0 0 NAOMI TUTU 1.00 X 0 0 0 MAUD ISELIN WELLES 1.00 X 0 0 0 ROBIN REINKE WILDER 1.00 X 0 0 0 RANDY STEVENS 40.00 X 251265 0 13851 ANNE ESPOSITO 40.00 X 112100 0 6688 363365 0 20539 2 0 1 0 ALPINE SERVICES INC 5313 BROOKEVILLE ROAD GAITHERSBURG MD 20882 CONSTRUCTION 737958 BROCK AND COMPANY INC 258 GREAT VALLEY PKWY MALVERN PA 19356 FOOD SERVICES 589117 THE SLAM COLLABORATIVE INC 80 GLASTONBURY BLVD GLASTONBURY CT 05302 ARCHITECTUAL 365484 LEE FOUNDATION COMPANY INC PO BOX 211 WHITE MARSH MD 21162 CONSTRUCTION 150105 GLEN ARM CONSTRUCTION INC 658 KENILWORTH DR TOWSON MD 21204 CONSTRUCTION 140471 6 5419679 779506 5419679 TUITION, BOARD & FEES 900099 6027650 6027650 HORSEBACK RIDING 713990 367276 145891 221385 MISCELLANEOUS & FEES 900099 179859 179859 ACTIVITY FEES 900099 111175 111175 INFIRMARY 900099 15390 15390 6701350 188093 188093 58156 0 58156 58156 58156 5148416 5109211 19849 39205 -19849 19356 19356 29456 18313 11143 11143 PROCEEDS FROM INSURANC 900099 560000 560000 560000 12957777 6479965 221385 836748 2482450 2482450 393977 217475 135922 40580 2714285 1405878 1149364 159043 93431 62209 24825 6397 174785 116377 46441 11967 217963 145126 57913 14924 9997 9997 39480 39480 20250 20250 14102 14102 135476 77863 57613 203341 44579 108379 50383 28528 14776 12080 1672 518452 345201 137753 35498 84121 59349 13656 11116 10708 9383 1325 158558 120504 38054 624102 474318 149784 169282 84641 84641 FOOD & HOUSEKEEPING 574566 574566 OTHER RIDING PROGRAM EX 205577 205577 DEPARTMENT EXPENSE 118829 118829 GROUNDS SUPPLIES 99606 54983 34364 10259 302823 257157 20305 25361 9394689 6871241 2078385 445063 329215 543811 9162667 8671248 1889995 2136656 27353 16599 21195 18058 124458 118892 23813192 11061056 8165583 12752136 7579755 7224321 141193 150915 27441414 31632636 435240 976216 1658197 2168901 3570000 3350000 226231 186342 5889668 6681459 X 7181030 11435741 9869014 9011984 4501702 4503452 21551746 24951177 27441414 31632636 X 3563088 -163657 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.83 0 0 1 0 0.00 0 0 7429336 47333 -107678 368000 7000991 6651739 68768 708829 7429336 6092523 647 558569 6651739 8753079 25668 -1963152 723072 6092523 0.32200 0.64330 0.03470 0 0 3934545 3934545 12289525 8607964 3681561 3502260 2453092 1049168 4086862 4086862 12752136 INTEREST RATE SWAP 168180 CAPITAL LEASE OBLIGATION 18162 186342 12957777 9394689 3563088 -190113 26456 -163657 3399431 10289425 18313 18313 10271112 14102 2672563 2686665 12957777 6889994 18313 18313 6871681 14102 2508906 2523008 9394689 EXPLANATION OF EASEMENTS ENFORCEMENT POLICIES: PART II, LINE 5: THE SCHOOL DOES NOT REPORT ON ITS .83 ACRE EASEMENT. AS SUCH, A POLICY HAS NOT BEEN DEVELOPED FOR THE CONSERVATION EASEMENT. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE SCHOOL'S EDUCATION, ARTISTIC, ATHLETIC AND RESIDENTIAL PROGRAMS AND FACILITIES, FINANCIAL AID, MERIT AWARDS AND FACULTY DEVELOPMENT AND SALARIES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ASC 740, INCOME TAXES (ASC 740), PRESCRIBES THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. FOR THOSE 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 50 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, 2012 AND 2011. THE SCHOOL IS SUBJECT TO TAXATION IN VARIOUS JURISDICTIONS. THE SCHOOL CONTINUES TO REMAIN SUBJECT TO EXAMINATION BY U.S. FEDERAL AUTHORITIES AND VARIOUS STATE AUTHORITIES FOR THE YEARS 2008 THROUGH 2012. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN MARKET VALUE OF INTEREST RATE SWAP 26,456. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF GOODS SOLD EXPENSES 18,313. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED ON FINANCIAL STATEMENTS 2,482,450. UNREALIZED LOSS INCLUDED ON FINANCIAL STATEMENTS 190,113. PART XIII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF GOODS SOLD EXPENSES 18,313. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED ON FINANCIAL STATEMENTS 2,482,450. INCREASE IN INTEREST RATE SWAP 26,456. PART II, LINE 8: THE FOREST BUFFER EASEMENT WAS ACQUIRED ON MAY 9, 2001. THIS EASEMENT IS NOT SUBJECT TO COMPLIANCE WITH SECTION 170(H)(4)(B)(I) OR SECTION 170(H)(4)(B)(II) SINCE THE DATE OF ACQUISITION IS PRIOR TO AUGUST 17,2006. PART II, LINE 9: THE ORGANIZATION DOES NOT REPORT ON ITS .83 ACRE EASEMENT. AS SUCH, NO AMOUNTS ARE REPORTED ON THE BALANCE SHEET. 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 THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH PUBLICATIONS IN SCHOOL BROCHURES, LOCAL NEWSPAPERS AND PERIODICALS. X X X X X 1 COMMUNITY COUNSELING SERVICES 100 E PRATT STREET STE 1520 BALTIMORE MD 21201 PROFESSIONAL FUNDRAISING 0 0 20250 0 20250 1 FINANCIAL AID AWARDED TO STUDENTS BASED ON NEED AND MERIT 82 2482450 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE STUDENT'S PARENT(S) APPLIES FOR THE FINANCIAL AID BY COMPLETING THE UNIFORM SSS FORM. THE FINANCIAL AID COMMITTEE REVIEWS THE SSS FORMS AND AWARDS FINANCIAL AID ON AN AS-NEEDED BASIS. THE AMOUNT OF EACH AWARD IS APPLIED TO THE RESPECTIVE STUDENT'S TUITION BILL. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 RANDY STEVENS 239300 0 0 0 11965 0 13161 0 690 0 265116 0 0 0 PART I, LINE 1A AS PART OF THE PRESIDENT'S CONTRACT, THE PRESIDENT(HEAD OF SCHOOL) IS REQUIRED TO LIVE IN A HOUSE LOCATED ON THE SCHOOL'S PREMISES. AS SUCH, EXPENSES RELATED TO THIS REQUIREMENT ARE REIMBURSED BY THE SCHOOL. THIS BENEFIT WAS VALUED TO BE $72,000 AND WAS INCLUDED IN HIS COMPENSATION AS A NON-TAXABLE BENEFIT DUE TO THE CIRCUMSTANCES ABOVE. THE HEAD OF SCHOOL'S WIFE ACCOMPANIED HIM ON A SCHOOL TRIP TO HELP CHAPERONE THE STUDENTS. AN ADDITIONAL CHAPERONE WAS NEEDED TO FULFILL THE CHAPERONE REQUIREMENT. THIS HAS BEEN TREATED AS NON-TAXABLE TRAVEL. BALTIMORE COUNTY MARYLAND 526000889 NONEAVAIL 2009-10-01 4010000 REFUNDING OF 2002 BONDS 0 0 0 4010000 2009 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 1 SUNTRUST BANK 7.000000000000 0 0 0 0 0 SCHEDULE K, PAGE 2, PART V: PROCEDURES TO UNDERTAKE CORRECTIVE ACTIONS THE SCHOOL CURRENTLY DOES NOT HAVE PROCEDURES IN PLACE. THE SCHOOL IS WORKING ON FORMALIZING THE PROCEDURES AND WILL BE IMPLEMENTING THEM FOR FISCAL YEAR 2013. X 17 779506 FMV X HORSES 2 FMV X OLD FURNITURE FOR FACULTY HOUSES 10 FMV X VACUUM CLEANER 1 FMV 1 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: THE ORGANIZATION RECEIVED DONATIONS OF FURNITURE, HORSES, AND A VACCUM CLEANER FOR WHICH NO VALUE WAS RECORDED ON THE BOOKS. AN APPRAISAL WAS NOT CONDUCTED AT THE TIME OF THE DONATION. THE HORSES THAT WERE DONATED WERE UNWANTED BY THEIR OWNER AND WOULD HAVE BEEN ABANDONED OTHERWISE. FORM 990, PART VI, SECTION A, LINE 2 LISA HOOKER CAMPBELL AND ALICE INGRAM HOOKER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWED THE FORM 990 AND ITS ACCOMPANYING SCHEDULES WITH THE HEAD OF SCHOOL AND BUSINESS MANAGER AT ST. TIMOTHY SCHOOL'S APRIL BOARD MEETING HELD 4/25/13 - 4/27/13. A COPY OF THE FULL FORM 990 WAS AVAILABLE AT THE APRIL BOARD MEETING FOR THE ENTIRE BOARD TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ST. TIMOTHY'S SCHOOL HAS WRITTEN CONFLICT OF INTEREST POLICIES FOR BOTH THE BOARD OF TRUSTEES AND ITS FACULTY AND STAFF. THE BOARD OF TRUSTEES SIGNS A STATEMENT ANNUALLY ATTESTING TO THE CONFLICT OF INTEREST POLICY. THE CODE OF ETHICS WITHIN THE FACULTY AND STAFF HANDBOOK IS REVIEWED ANNUALLY BY SENIOR MANAGEMENT AND SIGNED ANNUALLY BY EVERY MEMBER OF THE FACULTY AND STAFF. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR, AS PART OF THE BUDGET CYCLE, THE BUSINESS MANAGER PROVIDES THE BOARD OF TRUSTEES WITH COMPARABLE SALARY DATA FOR ALL KEY POSITIONS FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS SURVEY. THE SCHOOL IS COMPARED WITH A PEER GROUP OF SIXTEEN SCHOOLS OF SIMILAR SIZE AND MISSION. THE BOARD APPROVES ALL SALARY INCREASES FOR THE HEAD OF SCHOOL, THE CFO, AND THE TOTAL SALARY POOL FOR ALL OTHER POSITIONS BASED ON THIS DATA AS WELL AS ON THE FINANCIAL POSITION OF THE SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. THE ORGANIZATION'S FORM 990 IS AVAILABLE TO THE PUBLIC VIA WWW.GUIDESTAR.ORG. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -190,113. CHANGE IN MARKET VALUE OF INTEREST RATE SWAP 26,456. TOTAL TO FORM 990, PART XI, LINE 5: -163,657. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ALUMNAE ASSOCIATION OF ST TIMOTHY'S SCHOOL & HANNAH MORE ACAD 8400 GREENSPRING AVENUE STEVENSON MD 21153 526035342 TO SUPPORT ST. TIMOTHY'S SCHOOL AND CULTIVATE ALUMNI MD 501(C)(3) 11C, TYPE III N/A 0 ST TIMOTHY'S SCHOOL ALUMNAE ASSOCIATION OF NEW YORK 400 E 54TH STREET APT 10A NEW YORK NY 10022 136161401 TO SUPPORT ST. TIMOTHY'S SCHOOL AND CULTIVATE ALUMNI NY 501(C)(3) 11C, TYPE III N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0