2013-05-14T13:03:59-05:00 2012-06-30 420714325 MCGLADREY LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2011-07-01 520591602 FRIENDS SCHOOL OF BALTIMORE INC FRIE 4106493200 5114 NORTH CHARLES STREET BALTIMORE MD 21210 BONITA B HEARN 4106493200 2013-05-13 1 JULIA FLANNERY CPA P00928918 4102469300 2011 2016-02-24 21:20:13Z FRIENDS SCHOOL MATT MICCICHE 5114 NORTH CHARLES STREET BALTIMORE MD 21210 63382723 0 X WWW.FRIENDSBALT.ORG X 1974 MD FOUNDED IN 1784, FRIENDS SCHOOL OF BALTIMORE PROVIDES A COEDUCATIONAL, COLLEGE PREPARATORY PROGRAM GUIDED BY THE QUAKER VALUES OF TRUTH, EQUALITY, SIMPLICITY, COMMUNITY AND PEACEFUL RESOLUTION OF CONFLICT. 26 23 489 297 0 0 1969722 5511926 22835567 23414111 4120 876034 225936 463791 25035345 30265862 3319399 3322282 0 0 13575313 14199427 0 0 840143 7620469 7772886 24515181 25294595 520164 4971267 70877269 76175207 11738893 12969983 59138376 63205224 X FOUNDED IN 1784, FRIENDS SCHOOL OF BALTIMORE PROVIDES A COEDUCATIONAL, COLLEGE PREPARATORY PROGRAM GUIDED BY THE QUAKER VALUES OF TRUTH, EQUALITY, SIMPLICITY,COMMUNITY AND PEACEFUL RESOLUTION OF CONFLICT. BY SETTING HIGH STANDARDS OF EXCELLENCE FOR A DIVERSE AND CARING COMMUNITY, FRIENDS SEEKS TO DEVELOP IN EACH STUDENT THE SPIRITUAL, INTELLECTUAL/ PHYSICAL AND CREATIVE STRENGTHS TO MAKE A POSITIVE CONTRIBUTION TO THE WORLD. RECOGNIZING THAT THERE IS THAT OF GOD IN EACH PERSON, THE SCHOOL STRIVES IN ALL ITS PROGRAMS, POLICIES AND AFFAIRS, TO BE AN INSTITUTION THAT EXEMPLIFIES THE IDEALS OF THE RELIGIOUS SOCIETY OF FRIENDS. 0 0 17966366 3322282 22400920 INSTRUCTION AND EDUCATION - FOR 947 STUDENTS IN GRADES PRIMARY THROUGH 12TH. 1016183 1283777 AUXILIARY ENTERPRISES - AFTER SCHOOL PROGRAMS, MUSIC LESSONS, PRESCHOOL AND CHILD CARE AND SUMMER CAMPS SERVING OVER 500 STUDENTS. 18982549 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 76 0 1 489 1 0 0 0 0 0 0 0 0 0 0 X 26 23 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X BONITA B HEARN 4106493228 5114 NORTH CHARLES STREET BALTIMORE MD 21210 KAREN BLEICH 1.00 X 0 0 0 THOMAS BROOKS 1.00 X 0 0 0 SUE CARNELL 1.00 X 0 0 0 ALICE CHERBONNIER 1.00 X 0 0 0 SUZY FILBERT 1.00 X 0 0 0 NORMAN FORBUSH 1.00 X 0 0 0 TRISH BACKER MICELI 1.00 X 0 0 0 TIM HEARN 1.00 X 0 0 0 ANDRE JONES 1.00 X 0 0 0 THORA JOHNSON 1.00 X 0 0 0 BARBARA KATZ 1.00 X 0 0 0 ELIZABETH MCKENNON 1.00 X 0 0 0 GERRY MULLAN 1.00 X 0 0 0 DOROTHY POWE 1.00 X 0 0 0 ANNE POWELL 1.00 X 0 0 0 MIA REDRICK 1.00 X 0 0 0 STEPHEN RIVES 1.00 X 0 0 0 EDWIN REMSBERG 1.00 X 0 0 0 CAROLE SCHRECK 1.00 X 0 0 0 DARYL SIDLE 1.00 X 0 0 0 MARK STROMDAHL 1.00 X 0 0 0 MARK WEINMAN 1.00 X 0 0 0 JOHN WATT 40.00 X 59845 0 16102 BILL WHITE 1.00 X 0 0 0 JUDY WITT 1.00 X 0 0 0 MATT MICCICHE 40.00 X X 229647 0 89817 BONITA B HEARN 40.00 X 120997 0 26488 SCOTT W HARRINGTON 40.00 X 115654 0 13744 GAYLE L LAYFIELD 40.00 X 116666 0 14974 642809 0 161125 4 0 1 0 FLIK BY CHARTWELLS COMPASS GROUP USA PO BOX 91337 CHICAGO IL 60693 CAFETERIA SERVICE 599725 COMPREHENSIVE BUILDING SERVICES 529 ANNESLIE ROAD BALTIMORE MD 21212 JANITORIAL SERVICES 323415 CHESAPEAKE PLANT & LANDSCAPING 10714 YORK ROAD COCKEYSVILLE MD 21030 LANDSCAPING SERVICES 187098 EUROPEAN LANDSCAPES & DESIGNS 1412 RAILROAD AVE LUTHERVILLE MD 21093 LANDSCAPING SERVICES 134280 MILES & STOCKBRIDGE 10 LIGHT ST BALTIMORE MD 21203 LEGAL 130528 5 58435 5453491 270769 5511926 TUITION 611600 21544045 21544045 AUXILIARY ENTERPRISES 611710 1159951 1159951 DINING SERVICES 611710 456066 456066 LITTLE & BABY FRIENDS 611710 123826 123826 TRIPS AND YEARBOOK 611710 82838 82838 47385 47385 23414111 985673 985673 81268 0 81268 81268 81268 32814184 32923823 -109639 -109639 -109639 127223 71604 55619 55619 177752 121434 56318 56318 OTHER INCOME(LOSS) 900099 270586 270586 270586 30265862 23684697 0 1069239 3322282 3322282 521723 390245 107444 24034 10859362 8296874 2051519 510969 651924 480541 140055 31328 1355689 1119523 192996 43170 810729 623647 152884 34198 91950 91950 48100 48100 125960 125960 920105 920105 101681 34874 66807 940580 678034 241789 20757 234748 234748 565784 565784 1143 1143 66663 56042 10621 387374 387374 1611713 1611713 223754 223754 ENDOWMENT FUND 768034 768034 STUDENT SERVICES 543060 543060 EXPENDED FOR PLANT 371451 371451 SPECIAL EVENTS PROGRAMS 216702 151096 65606 554084 115261 339363 99460 25294595 18982549 5471903 840143 2248 2073 420652 485808 552502 3234109 138673 565286 509746 508838 57881197 22686721 35406659 35194476 33335013 35675170 511776 509447 70877269 76175207 1136390 1219523 3668201 5213141 6395000 6145000 539302 392319 11738893 12969983 X 35562122 36332002 10450398 12706074 13125856 14167148 59138376 63205224 70877269 76175207 X 4971267 -904419 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 3.10 1 1 1.00 22603635 1041292 -231102 1651345 21762480 20077922 621175 3936375 2031837 22603635 17486307 450218 2892728 751331 20077922 21836054 764464 -4480211 634000 17486307 0.06640 0.65100 0.28260 0 0 1147448 1147448 44817112 13181669 31635443 11916637 9505052 2411585 35194476 INTEREST RATE SWAP CONTRACT 392319 392319 30265862 25294595 4971267 -1019627 115208 -904419 4066848 26034635 -1019627 268417 -751210 26785845 125960 3354057 3480017 30265862 21967787 121434 121434 21846353 125960 3322282 3448242 25294595 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE ORGANIZATION REPORTS CONSERVATION EASEMENTS AS ASSETS ON THE BALANCE SHEET WITH LAND, BUILDINGS & EQUIPMENT. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL HAS THE OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENTS OVER TIME. THE SCHOOL'S SPENDING AND INVESTMENT POLICIES WORK TOGETHER TO ACHIEVE THIS OBJECTIVE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN EQUITY OF THE PARENTS ASSOCIATION, A PASS THROUGH ENTITY -31,775. GAIN ON INTEREST RATE SWAP CONTRACT 146,983. TOTAL TO SCHEDULE D, PART XI, LINE 8: 115,208. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 121,434. GAIN ON INTEREST RATE SWAP CONTRACT 146,983. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 3,322,282. INCOME FROM PARENTS ASSOCIATION 31,775. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 121,434. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 3,322,282. 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 ALL PUBLICATIONS AND OTHER SCHOOL RELATED MARKETING MATERIALS INCLUDE A STATEMENT OF THE SCHOOL'S NONDISCRMINATORY POLICY. EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICE STUDENT TRIPS 41341 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICE STUDENT TRIPS 66290 0 0 0 0 0 0 107631 0 107631 0 0 0 0 0 0 HOLLY FEST 31762 31762 8962 SPRING THING 88837 88837 58794 1 6624 6624 3848 127223 127223 71604 71604 55619 1 TUITION ASSISTANCE 266 3322282 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL GRANTS ARE ALLOCATED TO FRIENDS SCHOOL STUDENTS AND AWARDED BASED ON FINANCIAL NEED. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MATT MICCICHE 229647 0 0 0 0 0 14726 0 75091 0 319464 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVED A HOUSING BENEFIT IN THE AMOUNT OF $36,000. IT WAS NOT INCLUDED IN HIS TAXABLE COMPENSATION. MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2012-06-14 6145000 REFUNDING 0 1 0 6145000 2005 1 0 1 1 0 0 0 0 1 0 1 0 0 0 0 42168 FINANCIAL AID X 11 270769 FAIR MARKET VALUE 0 1 0 FORM 990, PART I, LINE 6: THE ESTIMATED NUMBER OF VOLUNTEERS IS BASED ON THE NUMBER OF INVITATIONS SENT OUT TO ATTEND THE YEARLY VOLUNTEER BULLROAST. FORM 990, PART VI, SECTION A, LINE 7A REGULAR MEMBERS OF THE BOARD OF TRUSTEES ARE APPOINTED BY THE BALTIMORE MONTHLY MEETING OF FRIENDS, STONY RUN. THE PARENT REPRESENTATIVE IS SELECTED BY THE SCHOOL'S PARENT'S ASSOCIATION. THE ALUMNI REPRESENTATIVE IS SELECTED BY THE ALUMNI ASSOCIATION. THE FACULTY REPRESENTATIVE IS SELECTED BY THE SCHOOL'S FACULTY, ACTING THROUGH THE FACULTY NOMINATING COMMITTEE. THE STUDENT REPRESENTATIVE IS SELECTED BY THE UPPER SCHOOL SENATE, AN ORGANIZATION THAT REPRESENTS CURRENTLY ENROLLED STUDENTS. THE TWO APPOINTED MEMBERS OF THE BOARD ARE SELECTED BY THE CURRENT MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE PROPERTY AND BUSINESS OF THE SCHOOL SHALL BE MANAGED UNDER THE DIRECTION OF THE BOARD OF TRUSTEES. WITHOUT LIMITING THE FOREGOING, THE BOARD OF TRUSTEES SHALL BE RESPONSIBLE FOR THE SELECTION AND APPOINTMENT OF THE HEAD OF THE SCHOOL, THE DETERMINATION OF THE OVERALL POLICIES OF THE INSTITUTION, THE SAFEKEEPING AND MANAGEMENT OF ITS ASSETS, FUNDRAISING AND DEVELOPMENT, THE APPROVAL OF ITS BUDGET AND THE GENERAL OVERSIGHT OF THE FACULTY AND ADMINISTRATIVE STAFF AND THE EDUCATIONAL PROGRAM. THE BOARD MUST SEEK PRIOR APPROVAL FROM THE STONY RUN FRIENDS MEETING BEFORE IT CAN ACT ON ANY "MATTERS OF FUNDAMENTAL IMPORTANCE." SUCH MATTERS INCLUDE ANY MODIFICATION OR AMENDMENT OF THE PHILOSOPHY OR MISSION OF THE SCHOOL, OR CHANGES TO THE BYLAWS RELATING TO THE COMPOSITION AND APPOINTMENT OF THE BOARD, THE POWERS OF THE BOARD AND THE METHOD FOR CONDUCTING BOARD BUSINESS. BYLAWS, ARTICLE IX, SECTION A. SIMILARLY, THE ARTICLES OF INCORPORATION PROVIDE THAT STONY RUN FRIENDS MEETING MUST APPROVE ANY AMENDMENT TO THE ARTICLES. FORM 990, PART VI, SECTION B, LINE 11 THE BOT WILL REVIEW THE DRAFT PRIOR TO FILING. THE ASSISTANT HEAD FOR FINANCE & OPERATIONS DIRECTLY COMMUNICATES WITH THE CHAIR OF THE BOARD AND THE HEAD OF SCHOOL REGARDING ALL MATTERS RELATING TO THE FORM 990 AND EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES COMPLETES A CONFLICT OF INTEREST QUESTIONNAIRE ON AN ANNUAL BASIS. THE INFORMATION CONTAINED WITHIN THE QUESTIONNAIRE IS THEN REVIEWED FOR POTENTIAL CONFLICT OF INTEREST ISSUES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS INDEPENDENT COMPENSATION INFORMATION, DOCUMENTS THE DELIBERATIONS AND DECISIONS, AND APPROVES MULTI-YEAR CONTRACTS FOR THE HEAD OF SCHOOL AND OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, LINE 1A DECISIONS OR ACTIONS ARE FINALIZED BY CONSENSUS. "VOTING" IS NOT A PRACTICE OR CUSTOM OF THE RELIGIOUS SOCIETY OF FRIENDS. NO FINAL DECISION SHALL BE MADE OR CONCLUSIVE ACTION TAKEN AT ANY BOARD MEETING AT WHICH FEWER THAN 12 MEMBERS (NOT COUNTING EX-OFFICIO MEMBERS) ARE PRESENT, INCLUDING EITHER THE CHAIR OR VICE CHAIR AND PROVIDED THAT AT LEAST FOUR OF THE TRUSTEES PRESENT ARE MEMBERS OF THE RELIGIOUS SOCIETY OF FRIENDS. CURRENTLY, WE HAVE 26 BOT MEMBERS INCLUDING REGULAR MEMBERS, REPRESENTATIVE MEMBERS, AND THE HEAD OF SCHOOL. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,019,627. CHANGE IN EQUITY OF THE PARENTS ASSOCIATION, A PASS THROUGH ENTITY -31,775. GAIN ON INTEREST RATE SWAP CONTRACT 146,983. TOTAL TO FORM 990, PART XI, LINE 5: -904,419. MONTHLY MEETING OF FRIENDS STONY RUN 5116 NORTH CHARLES STREET BALTIMORE MD 21210 520629766 MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) MD 501(C)(3) LINE 1 N/A 0 0 0 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0