2012-05-10T15:15:47-05:00 2011-06-30 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2010-07-01 520591625 THE PARK SCHOOL OF BALTIMORE PARK 4103397070 PO BOX 8200 BROOKLANDVILLE MD 21022 JOAN WEBBER 4103397070 2012-05-10 1 LORI S BURGHAUSER 4104031500 2012-05-10 2010 2016-02-24 21:20:13Z JOAN WEBBER PO BOX 8200 BROOKLANDVILLE MD 21022 40150405 0 X WWW.PARKSCHOOL.NET X 1940 MD TO PROVIDE EDUCATION TO STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 32 32 496 1000 2166 1141 2599059 1565232 21713739 21849700 3127749 2252592 -3065 143535 27437482 25811059 4256941 4379180 0 0 13748839 13703173 0 0 340090 6843535 6531660 24849315 24614013 2588167 1197046 61854579 62488303 22351995 19065845 39502584 43422458 X THE PARK SCHOOL, FOUNDED IN 1912, IS A NON-SECTARIAN, INDEPENDENT CO-EDUCATIONAL DAY SCHOOL EDUCATING STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. AS ONE OF THE EARLY PROGRESSIVE SCHOOLS, PARK'S CORE VALUES TODAY, AS AT ITS FOUNDING, ARE A BELIEF IN CHILDREN'S CAPACITY TO ENJOY LEARNING, TO ACT RATIONALLY, AND TO GROW WHEN INSPIRED BY HIGHLY QUALIFIED, CARING TEACHERS. A COMMITMENT TO EQUITY AND INCLUSIVENESS ARE FUNDAMENTAL TO PARK'S PHILOSOPHY. 0 0 18600066 4379180 20463371 INSTRUCTION & OTHER ACADEMIC PROGRAM EXPENSES - GENERAL OPERATION OF THE SCHOOL; PROVIDING BASIC EDUCATION FOR GRADES KINDERGARTEN THROUGH 12. 1352665 873653 AUXILIARY PROGRAMS & SPECIAL ACTIVITIES - EXPENSES ASSOCIATED WITH PROVIDING SUMMER CAMP, CAFETERIA AND SPECIAL PROGRAMS FOR THE CONVENIENCE OF THE STUDENTS. 19952731 1 1 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 39 0 496 1 1 1 0 0 0 0 0 0 0 0 1 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 MD X JOAN WEBBER 4103394161 PO BOX 8200 BROOKLANDVILLE MD 21022 JAMES WYDA 1.00 X 0 0 0 MARIA TILDEN 1.00 X 0 0 0 BARRY CURTIS 1.00 X 0 0 0 THOMAS WETZLER 1.00 X 0 0 0 LISA DVORINE ABRAMS MD 1.00 X 0 0 0 FRANK BOSTON III 1.00 X 0 0 0 DAN CUMMINGS 1.00 X 0 0 0 BRUCE FLEMING 1.00 X 0 0 0 ADAM GIDWITZ 1.00 X 0 0 0 ANETTE GOELET 1.00 X 0 0 0 JEFF HETTLEMAN 1.00 X 0 0 0 DANIEL KLEIN 1.00 X 0 0 0 TRACI LERNER 1.00 X 0 0 0 MARGOT BAYLIN LESSANS 1.00 X 0 0 0 JACKIE LESSING 1.00 X 0 0 0 JANET LIVINGSTON 1.00 X 0 0 0 ROBIN DAVIS MILLER 1.00 X 0 0 0 CARBERY MORROW 1.00 X 0 0 0 MATT MOUNTAIN 1.00 X 0 0 0 E CAREY RIES 1.00 X 0 0 0 BETSY RINGEL 1.00 X 0 0 0 ELIZABETH RODINI 1.00 X 0 0 0 JONATHON ROGERS 1.00 X 0 0 0 DEVY RUSSELL 1.00 X 0 0 0 SARAH HIRSCHHORN SHAPIRO 1.00 X 0 0 0 STEVEN SIBEL 1.00 X 0 0 0 LAURA TUCKER 1.00 X 0 0 0 LEONARD WEINBERG 1.00 X 0 0 0 DAN PARADIS 40.00 X 249903 0 16104 JOAN WEBBER 40.00 X 167691 0 11040 RIDGE DIVEN 40.00 X 111458 0 11725 MICHAEL MCGILL 40.00 X 126760 0 7225 BONNIE ROSENBLATT 40.00 X 114158 0 10383 ROGER SEIDENMAN 40.00 X 144543 0 7507 BETSY LEIGHTON 40.00 X 138557 0 15597 1053070 0 79581 10 0 1 0 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 CAFETERIA 389072 CHRISTAR INC 2335 WILLOW VALE DRIVE FALLSTON MD 21047 CLEANING 285230 2 14550 1550682 111096 1565232 TUITION & FEES 611600 20463371 20463371 SUMMER CAMP 611600 486731 486731 CAFETERIA 722210 372650 372650 EXTENDED DAY 611600 214752 214752 BUS OPERATIONS 485000 167566 167566 144630 144630 21849700 492230 2166 490064 149084 51137 97947 97947 97947 15867012 14106650 1760362 1760362 1760362 48868 14550 7957 40911 40911 150739 173602 -22863 -22863 MISCELLANEOUS 611600 27540 27540 27540 25811059 21337024 2166 2906637 4379180 4379180 625511 491651 126979 6881 11024340 8603366 2290046 130928 620669 452282 160513 7874 615816 447500 162918 5398 816837 652439 154380 10018 11210 11210 48906 48906 111031 111031 12096 12096 119635 119635 195073 80212 93367 21494 118186 118186 1202679 1202679 566781 566781 1277974 1277974 117576 117576 CAFETERIA AND BUS OPERA 699452 699452 EDUCATION EXPENSES/EXTE 370267 370267 SUMMER CAMP 357889 357889 FACA CONTRACTS & SUPPOR 297260 297260 EVENTS & ACTIVITIES 158277 1880 156397 867368 640580 225688 1100 24614013 19952731 4321192 340090 3750890 8593030 3770435 2939423 693210 459825 100000 100000 73583 61196 99050 283540 38390374 12499513 26463542 25890861 7004850 7373684 19899019 16672205 0 114539 61854579 62488303 414433 1776525 3887583 3946426 14930000 13195199 1250000 1869979 147695 22351995 19065845 X 19840515 18582613 8275217 10734137 11386852 14105708 39502584 43422458 61854579 62488303 X 1197046 2722828 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 10 30.00 1 0 0 19025962 1028021 4534975 964337 23624621 16371635 1419075 2267402 1032150 19025962 22061372 954038 -5183590 1460185 16371635 0.21550 0.51820 0.26630 0 0 2093526 2093526 32009878 11334812 20675066 3716428 1164701 2551727 570542 570542 25890861 MUTUAL FUNDS 9834721 F ALTERNATIVE INVESTMENTS 6837484 F 16672205 DUE TO STUDENT ORGANIZATIONS 26307 INTEREST RATE SWAP CONTRACT 121388 147695 25811059 24614013 1197046 2744058 -21230 2722828 3919874 22676227 2744057 2744057 19932170 111032 5767857 5878889 25811059 18756353 119177 119177 18637176 111033 5865804 5976837 24614013 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE EXPENSES ARE CATEGORIZED AS ENGINEERING, PERMITS AND OTHER ASSOCIATED FEES. THERE IS NOT A FOOTNOTE IN THE FINANCIAL STATEMENTS FOR THE CONSERVATION EASEMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ASC 740, INCOME TAXES (ASC 740), PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AS WELL AS GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES AND FINANCIAL STATEMENT REPORTING DISCLOSURES. FOR THESE 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 FIFTY PERCENT LIKELY OF REALIZED UPON ULTIMATE SETTLEMENT. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURE AS A COMPONENT OF INCOME TAX EXPENSE. THE SCHOOL DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 31, 2011 AND 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP ON LONG TERM DEBT -21,230. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCAL STATEMENT 1,347,766. FINANCIAL ASSISTANCE GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENT 4,379,180. NET SPECIAL EVENTS INCOME 40,911. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES SHOWN NET ON 990 97,947. UNREALIZED LOSS ON INTEREST RATE SWAP CONTRACT 21,230. PART XIII, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED WITH EXPENSES ON FINANCIAL STATEMENT 1,347,766. FINANCIAL ASSISTANCE GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENT 4,379,180. RENTAL EXPENSES SHOWN NET ON 990 97,947. SCHOOL STORE EXPENSES SHOWN NET ON 990 NET SPECIAL EVENTS INCOME 40,911. 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 SCHOOL IS ALIGNED WITH AIMS (A CONSORTIUM OF INDEPENDENT SCHOOLS) AND ADVERTISES THROUGH THEM. ALL ADS AND SCHOOL LITERATURE STATE THE NON-DISCRIMINATORY POLICY. GOLF 23650 6450 17200 2755 AUCTION 39768 8100 31668 5202 63418 14550 48868 7957 7957 40911 1 FINANCIAL ASSISTANCE TO STUDENTS 239 4379180 OTHER INFORMATION: PART IV: FAMILIES RECEIVING FINANCIAL ASSISTANCE MUST GO THROUGH AN EXTENSIVE APPLICATION PROCESS. THEIR FINANCIAL AID AWARD IS DETERMINED BASED ON MULTIPLE FACTORS INCLUDING AMONG OTHERS, INCOME, ASSETS, AND LIABILITIES. FAMILIES MUST RE-APPLY FOR EACH SCHOOL YEAR. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 DAN PARADIS 249903 0 0 0 0 0 11418 0 4686 0 266007 0 0 0 JOAN WEBBER 167691 0 0 0 0 0 8227 0 2813 0 178731 0 0 0 ROGER SEIDENMAN 144543 0 0 0 0 0 7507 0 0 0 152050 0 0 0 BETSY LEIGHTON 138557 0 0 0 0 0 7633 0 7964 0 154154 0 0 0 PART I, LINE 1A DAN PARADIS, HEAD OF SCHOOL, IS THE ONLY EMPLOYEE RECEIVING ANY OF THESE BENEFITS. THESE BENEFITS ARE INCLUDED IN DAN PARADIS'S W-2 TAXABLE COMPENSATION AND ARE PART OF HIS COMPENSATION PACKAGE. DAN PARADIS PERSONAL LOAN FOR HOME X 100000 100000 0 1 1 100000 X 3 6500 FMV X 20 104596 FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: INVESTMENT COMPANY EXECUTES SALES ORDER FOR STOCK SALES; CAR DEALERSHIPS PURCHASE VEHICLES DONATED FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE HEAD OF SCHOOL, DIRECTOR OF FINANCE & OPERATIONS, THE TREASURER OF THE BOARD OF TRUSTEES AND THE CHAIR OF THE BOARD OF TRUSTEES REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS AND MADE AVAILABLE TO THE ENTIRE GOVERNING BODY. BOARD MEMBERS ARE NOTIFIED WHEN THE 990 IS COMPLETE AND AVAILABLE IN THE BUSINESS OFFICE FOR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY READ AND SIGN THE CONFLICT OF INTEREST POLICY AND TO DISCLOSE, IF NECESSARY, ANY CONFLICTS THEY HAVE. FORM 990, PART VI, SECTION B, LINE 15 A REVIEW IS PERFORMED BY THE SCHOOL COUNCIL AND EXECUTIVE COMMITTEE OF THE BOARD TO DETERMINE COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES. NAIS AND AIMS PROVIDE PEER SCHOOL INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 THE PARK SCHOOL OF BALTIMORE'S FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.COM. THE PARK SCHOOL OF BALTIMORE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,744,058. UNREALIZED LOSS ON INTEREST RATE SWAP ON LONG TERM DEBT -21,230. TOTAL TO FORM 990, PART XI, LINE 5: 2,722,828. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE PARK SCHOOL PARENTS ASSOCIATION INC PO BOX 8200 BROOKLANDVILLE MD 21022 237280445 COMMUNICATIONS, PARENT EDUCATION, COMMUNITY SUPPORT, SPECIAL PROJECTS MD 501(C)(3) LINE 11C, III-FI NONE 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0