2011-01-27T12:35:21-06:00 2010-06-30 RSM MCGLADREY INC 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2009-07-01 520701774 KEY SCHOOL INC KEYS 4102639231 543 HILLSMERE DRIVE ANNAPOLIS MD 21403 Kenneth A Piel 4102639231 2011-01-26 1 Bill Turco 3012963600 2009 2016-02-24 21:20:13Z MARCELLA YEDID 543 HILLSMERE DRIVE ANNAPOLIS MD 21403 16259308 0 X WWW.KEYSCHOOL.ORG X 1959 MD Independent, Non-Sectarian, Non-Profit, PK - Grade 12 School 26 25 195 200 0 0 831715 985547 14559010 14944860 24013 97174 85564 140179 15500302 16167760 1267297 1596785 0 10120827 10298761 0 429518 3884974 3746548 15273098 15642094 227204 525666 25797355 26447846 12912024 13023736 12885331 13424110 The Key School is founded upon the conviction that children are innately curious about themselves and the world; they want to learn, they want to discover, and they want to create. The School's role is to nourish and guide this natural exuberance, energy and delight in the search for meaning, so that each student may develop into an informed, thoughtful and constructive member of society, with a lifelong commitment to learning. 0 0 12307935 1596785 14944860 PROVIDES EDUCATION FOR STUDENTS FROM PRESCHOOL THROUGH GRADE 12 - APPROXIMATELY 700 STUDENTS. 12307935 1 1 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 56 0 1 195 1 0 0 0 0 0 0 0 0 0 26 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X Ken Piel 4102639231 534 HILLSMERE DRIVE ANNAPOLIS MD 21403 Wesley R Jones 1.00 X X 0 0 0 Pam Williams 1.00 X X 0 0 0 Peter Biche 1.00 X X 0 0 0 leslie gruskin 1.00 X X 0 0 0 Randi Altschuler 1.00 X 0 0 0 Charles Anthony 1.00 X 0 0 0 Missy Attridge 1.00 X 0 0 0 Mark Baganz 1.00 X 0 0 0 George Berkinshaw 1.00 X 0 0 0 Marie Brockhurst 1.00 X 0 0 0 Elizabeth buckman 1.00 X 0 0 0 rosalind calvin 1.00 X 0 0 0 michael cook 1.00 X 0 0 0 katherine edwards 1.00 X 0 0 0 christopher ellis 1.00 X 0 0 0 leander j foley III 1.00 X 0 0 0 kristin fusco 1.00 X 0 0 0 carol hall 1.00 X 0 0 0 niels holch 1.00 X 0 0 0 rjoseph janney 1.00 X 0 0 0 steven kahle 1.00 X 0 0 0 lori mathis 1.00 X 0 0 0 christine peterson 1.00 X 0 0 0 gerald sparer 1.00 X 0 0 0 stephen wrage 1.00 X 0 0 0 MARCELLA YEDID 60.00 X X 587527 0 20620 KENNETH PIEL 55.00 X 167886 0 13324 JESSIE DUNLEAVY 55.00 X 114683 0 10664 DAVID MAGNUS 55.00 X 109985 0 10429 TODD CASEY 55.00 X 104675 0 7254 1084756 0 62291 5 0 1 0 GARDINER & GARDINER 2124 PRIEST BRIDGE DR CROFTON MD 21114 CONSTRUCTION 3062870 CJ Maintenance 5525 Twin Knolls Rd Columbia MD 21045 MAINTENANCE 160639 ELOY LANDSCAPING 904 CHESAPEAKE DRIVE STEVENSVILLE MD 21666 LANDSCAPING 100400 3 985547 985547 TUITION & fees 900099 14633571 14633571 SUMMER CAMP 900099 311289 311289 14944860 97174 97174 29200 2922 26278 26278 26278 98169 66881 31288 31288 26856 21745 5111 5111 OTHER REVENUE 900099 77502 77502 77502 16167760 14944860 0 237353 1596785 1596785 790482 569335 191661 29486 6860070 4940892 1663287 255891 304903 219591 73939 11373 1768569 1273723 428878 65968 574737 413925 139374 21438 4660 4540 87 33 15144 14753 285 106 34174 34174 201378 160557 39668 1153 140170 138706 1067 397 783717 783717 506685 506685 579038 564099 10886 4053 70089 68281 1317 491 instructional expenses 695818 695818 administrative expenses 267824 229181 38643 summer programs 194355 194355 professional developmen 122292 83595 38697 bad bebt 50838 50838 80366 78578 1302 486 15642094 12307935 2904641 429518 518 500 5572115 5536827 659553 435892 166499 188726 10695 9251 174590 107880 19652089 4148595 15009671 15503494 4021262 4497731 182452 167545 25797355 26447846 1504830 1144242 1463829 1572201 9300000 9250000 233577 227828 409788 829465 12912024 13023736 X 8804433 9120429 62543 143230 4018355 4160451 12885331 13424110 25797355 26447846 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1.00 1 0 0 4746896 142096 4888992 4509906 236990 4746896 0.15000 0.85000 0 0 1021497 1021497 16697495 3275471 13422024 1933097 873124 1059973 15503494 interest rate swap 829465 829465 16167760 15642094 525666 432790 -419677 13113 538779 14111410 432790 432790 13678620 2489140 2489140 16167760 13152954 24667 24667 13128287 2513807 2513807 15642094 Part V, Line 4: Description of Intended Use of Endowment Funds: Eventually, income generated from the endowment will be used to support the school's mission. Currently, no income is drawn from endowment funds. Part X: Description of Uncertain Tax Positions Under FIN 48: The School adopted the accounting standard on accounting for uncertainty in income taxes (FASB ASCTopic 740-10), which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the School may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated the School's tax positions and concluded that the School had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. The School files income tax returns in the U.S. federal jurisdiction. With few exceptions, the School is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for years before 2007. Part XI, Line 8 - Other Adjustments: unrealized loss on interest rate swap: -419677. Part XII, Line 4b - Other Adjustments: TUITION REMISSION: 917022. COST OF GOODS SOLD: -21745. RENTAL EXPENSES: -2922. FINANCIAL AID: 1596785. Part XIII, Line 2d - Other Adjustments: COST OF GOODS SOLD: 21745. RENTAL EXPENSES: 2922. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID: 1596785. TUITION REMISSION: 917022. 1 1 1 in the newspaper and all printed material, as well as on the website. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Auction Party 31649 31649 9034 Book Festival 66520 66520 57847 2 98169 98169 66881 66881 31288 1 financial aid to students 160 1596785 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: individual students are awarded scholarships based on the financial needs of the student. X X X X 0 1 0 0 0 0 0 0 0 MARCELLA YEDID 296921 0 0 0 290606 0 15690 0 5493 0 608710 0 275106 0 KENNETH PIEL 167886 0 0 0 0 0 8394 0 5493 0 181773 0 0 0 Part I, Line 4a Marcella Yedid - $275,106 from a 457(f) plan shown as taxable compensation in Part VII of Form 990 and on Page 2, Part II of Schedule J. The substantial risk of forfeiture associated with the 457(f) plan lapsed during the year ending 12/31/09. Anne Arundel County 526000878 035895BL4 2008-12-10 9300000 Debt Refinancing & Renovations 0 1 9300000 190478 9109522 2009 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 manufacturers and traders trust 10.000000000000 0 0 0 Form 990, Part VI, Section B, line 11 After a review of the Form 990 by the financial management of the School, the School's audit committee will then review the return. The final step in the review process will be the presentation of the Form 990 to the full board of directors of the School. Form 990, Part VI, Section B, line 12c KEY SCHOOL MANDATES COMPLETION OF A CONFLICT OF INTEREST POLICY FORM ANNUALLY BY ALL TRUSTEES. THESE FORMS ARE REVIEWED ANNUALLY IN ORDER TO MAINTAIN COMPLIANCE WITH THE POLICY. Form 990, Part VI, Section B, line 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES MEETS REGULARLY TO REVIEW SALARIES. BENCHMARK DATA FROM REGIONAL AND NATIONAL STATISTICS ARE REVIEWED FOR COMPARISON. Form 990, Part VI, Section C, line 19 THE KEY SCHOOL DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990 IS AVAILABLE TO THE PUBLIC ON GUIDESTAR. Dove Lane LLC 543 HILLSMERE DRIVE annapolis MD 21403 521356766 real estate holding company MD 29200 332000 N/A