2012-03-15T15:24:04-05:00 2011-08-31 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 990 2010-09-01 521220544 Lowell School LOWE 2025772000 1640 Kalmia Road Washington DC 20012 Debbie Gibbs 2025772000 2012-03-16 1 Frank H Smith 2028225000 2012-03-16 2010 2016-02-24 21:20:13Z Jennafer Kwait 1640 Kalmia Road Washington DC 20012 12780446 0 X www.lowellschool.org X 1981 DC Educational program serving pre-kindergarten through 6th grade children. 25 25 177 75 0 0 787834 1586505 8399680 8602875 129771 159852 61439 49554 9378724 10398786 1084496 1198528 0 0 5869273 6020356 0 0 410418 2302344 2198129 9256113 9417013 122611 981773 18493278 20043659 11409649 11887827 7083629 8155832 X The school provides educational services to 315 children in grades pre-kindergarten through 6th grade. Lowell's mission is to offer a rigorous academic program that stresses lifelong learning, respect for self and others and a commitment to community. The educational curriculum is enriched by a strong social curriculum designed to prepare children to thrive in our global community. The School strives to maintain an economically, racially, and culturally diverse community. 0 0 7628087 1198528 8602875 Lowell is an inclusive community that recognizes the uniqueness of each child, the importance of a positive self-concept, and a need for giving children time and space to grow. Learning at Lowell is active and collaborative with an emphasis on building conceptual understanding, promoting creative, critical and analytical thinking, and encouraging problem solving and respect for one another. When provided with a stimulating environment, the guidance of teachers, and parental support, each child can become a motivated learner and a responsible citizen. 7628087 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 27 0 1 177 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X Douglas Odom 2025772000 1640 Kalmia Road Washington DC 20012 Jennafer Kwait 2.00 X X 0 0 0 Jay Rapp 2.00 X X 0 0 0 Elizabeth Mumford 1.00 X X 0 0 0 Paul Ameer 1.00 X X 0 0 0 William Pecau 1.00 X X 0 0 0 Chris Ginter 1.00 X X 0 0 0 Emily Altchul-Miller 1.00 X 0 0 0 Tracy Ballard 1.00 X 0 0 0 Melissa Bianchi 1.00 X 0 0 0 Cheri Bridgeforth Castillo 1.00 X 0 0 0 Wendy Cividandes 1.00 X 0 0 0 Cathy Creech 1.00 X 0 0 0 Jeff Davis 1.00 X 0 0 0 Jennifer Fairfax 1.00 X 0 0 0 Chris Hart 1.00 X 0 0 0 Willa Hennigan 1.00 X 0 0 0 Eve Howard 1.00 X 0 0 0 Caroline James 1.00 X 0 0 0 Brian Joseph 1.00 X 0 0 0 Ann Kappler 1.00 X 0 0 0 Maria Markham 1.00 X 0 0 0 Wendy McGrath 1.00 X 0 0 0 Chuck Miller 1.00 X 0 0 0 Jill Morningstar 1.00 X 0 0 0 Jessica Rosenbaum 1.00 X 0 0 0 Jeff Sindler 1.00 X 0 0 0 Louellen Stedman 1.00 X 0 0 0 Fred Walls 1.00 X 0 0 0 Debbie Gibbs 60.00 X 253079 0 11440 Douglas Odom 40.00 X 111404 0 5050 364483 0 16490 2 0 1 0 0 93507 1492998 139885 1586505 Tuition and fees 900099 7550971 7550971 Auxiliary program fees 900099 1051904 1051904 8602875 112921 112921 17654 3014 14640 14640 14640 2293217 2246286 46931 46931 46931 129191 93507 132360 -3169 -3169 Insurance claim income 900099 26007 26007 Other income 900099 12076 12076 38083 10398786 8602875 0 209406 1198528 1198528 366999 113227 227456 26316 4523017 3611356 660684 250977 222708 177930 32423 12355 517793 421526 68419 27848 389839 288462 78376 23001 91837 91837 25657 8450 17207 56392 50856 5536 152595 33173 86997 32425 157960 157960 581137 581137 190 190 155875 155875 470235 470235 76328 76328 Educational 195392 195392 Field trips 52546 52546 Development 44110 36347 7763 Bad debt 43785 43785 Miscellaneous 34868 3607 27793 3468 59222 35955 11982 11285 9417013 7628087 1378508 410418 200 2525 1863280 2818624 208066 830069 3395173 3607672 72668 83277 13541294 4578777 9168896 8962517 2858924 3207068 626744 251510 299327 280397 18493278 20043659 289590 108708 6374517 6981378 4345334 4117334 400208 629250 0 51157 11409649 11887827 X 4061784 4113652 113935 1120920 2907910 2921260 7083629 8155832 18493278 20043659 X 981773 90430 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2777601 13350 273556 87039 2977468 2680354 33158 128368 64279 2777601 2960941 41240 -240258 81569 2680354 0.98110 0.01890 0 0 1719620 1719620 9713317 3097372 6615945 2108357 1481405 626952 8962517 Swap agreement 51157 51157 10398786 9417013 981773 90430 90430 1072203 10553463 90430 33689 30558 154677 10398786 0 10398786 9481260 33689 30558 64247 9417013 0 9417013 Description of Intended Use of Endowment Funds: Part V, Line 4: Permanently restricted net assets consist of a donor-restricted endowment fund, the income from which is to be used only for faculty salary, financial aid, professional development and camper assistance. As required by GAAP, net assets associated with donor-restricted funds are classified and reported based on the existence or absence of donor-imposed restrictions. Description of Uncertain Tax Positions Under FIN 48: Part X: The School performed an evaluation of uncertain tax positions for the year ended August 31, 2011, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. Part XII, Line 2d - Other Adjustments: Special event expenses 27,544. Rental Expenses 3,014. Part XIII, Line 2d - Other Adjustments: Special event expenses 27,544. Rental Expenses 3,014. 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 School annually admits students of any race, color, national and ethnic origin to all the rights, privileges and activities genrally accorded or made available to students at the School. The School does not discriminate on the basis of race, color, national and ethnic origin in administration of its educational and admissions policies, scholarship and loan programs, and athletic and other school administered programs. Auction Dinner 222698 93507 129191 104816 18209 2500 6835 222698 93507 129191 104816 18209 2500 6835 132360 -3169 1 Tuition Assistance 105 1198528 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All grants that the School gives out, are done in the form of financial grants which represent a reduction in the tuition and fees that are required to attend the School. Therefore, monitoring of this is quite efficient. X X X 0 0 0 0 0 0 0 0 0 Debbie Gibbs 228796 0 0 0 24283 0 11440 0 0 0 264519 0 0 0 X 1 35069 FMV X Various items 300 104816 FMV 0 0 0 Form 990, Part VI, Section A, line 8b There are no other committees that can act on behalf of the Board. Form 990, Part VI, Section B, line 11 The full Board does a general review of the Form 990 and the audit committee does a thorough review prior to filing with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Through the Board orientation done at the beginning of each academic year, a full explanation of this policy is reviewed. The Board is also made up of many current parents and this perspective also brings with it a constant oversight of the appropriateness of how Board members are not abusing or taking advantage of their role as Trustees. Finally, the School has legal counsel who is quite vigilant around these issues. Key employees are made aware of the conflict of interest policy on an annual basis during the board orientation and are held to the same standard as Trustees to assure they are not abusing or taking advantage of their role as a key employee. Form 990, Part VI, Section B, line 15a The Head Support and Review Committee annually reviews the Head's compensation package, and utilizes both local comparative statistics provided by the Association of Independent Schools of Greater Washington (AISGW) and The Association of Maryland Schools (AIMS) and national statistics provided by The National Association of Independent Schools (NAIS) based on size of school, and years of experience. A compensation package is then put into place for the Head of School. The full Board does not vote on this particular compensation, but does vote for an annual budget each year, which obviously incorporates this compensation package. There are no other individuals who would meet the criteria for Officer or key employee. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 90,430.