2011-04-07T09:42:19-05:00 2010-06-30 RSM McGLADREY INC 8000 TOWERS CRESCENT DR STE 500 VIENNA VA 221826205 990 2009-07-01 530204701 GEORGETOWN DAY SCHOOL GEOR 2022956100 4530 MACARTHUR BLVD NW WASHINGTON DC 20007 rahel rosner 2022956100 2011-04-06 1 7033366400 2009 2016-02-24 21:20:13Z Peter Branch 4530 MACARTHUR BLVD NW WASHINGTON DC 20007 39274158 0 X www.gds.org X 1945 DC Georgetown Day School honors the integrity and worth of each individual within a diverse school community. GDS is dedicated to providing a supportive educational atmosphere in which teachers challenge the intellectual, creative, and physical abilities of our students and foster strength of character and concern for others. From the earliest grades, we encourage our students to wonder, to inquire, and to be self-reliant, laying the foundation for a lifelong love of learning. 21 21 378 200 0 0 2357973 2392221 30141951 32316620 375568 245533 213106 346481 33088598 35300855 3288379 3761519 0 19530677 20184592 0 970120 10653635 10087684 33472691 34033795 -384093 1267060 88000261 92582878 42776023 44163465 45224238 48419413 Georgetown Day School seeks to enroll students who have the potential to take advantage of its challenging academic program. Georgetown Day School does not discriminate on the basis of race, color, gender, age, sexual orientation, religion, national or ethnic origin, or any other characteristic protected by law in the administration of its educational, admissions, and personnel policies, financial aid programs, or athletic and other school-administered programs. 0 0 25308251 3761519 32316620 INDEPENDENT PRIVATE SCHOOL PROVIDING A COLLEGE PREPARATORY EDUCATION FOR STUDENTS FROM THE PRE-KINDEGARTEN THROUGH THE TWELFTH GRADE. 25308251 1 1 0 0 0 0 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 1 0 0 0 1 0 0 0 0 1 102 0 1 378 1 0 0 0 0 0 1 1 0 0 0 21 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X Rahel Rosner Dir of Finance & Oper 2022951064 4350 MACARTHUR BLVD NW washington DC 20007 Don Baer 2.00 X 0 0 0 Emily Bloomfield 2.00 X 0 0 0 Katherine Borsecnik 2.00 X 0 0 0 Dwight Bush 2.00 X 0 0 0 Marc Fisher 2.00 X 0 0 0 Marc Glosserman 2.00 X 0 0 0 Michael Gottdenker 2.00 X 0 0 0 Amy Jeffress 2.00 X 0 0 0 Jennifer Klein 2.00 X 0 0 0 Todd Klein 2.00 X 0 0 0 Karen Beam Leder 2.00 X 0 0 0 Faye Levin 2.00 X 0 0 0 Jim Margolis 2.00 X 0 0 0 Leroy Nesbitt 2.00 X 0 0 0 Mark Niles 2.00 X 0 0 0 Lucretia Risoleo 2.00 X 0 0 0 David Stern 2.00 X 0 0 0 Yolanda Townsend 2.00 X 0 0 0 Adam Wegner 2.00 X 0 0 0 Marcy Wilder 2.00 X 0 0 0 Carolyn Wimbly Martin 2.00 X 0 0 0 Peter Branch 40.00 X 445950 0 87503 KATE LINDSEY 40.00 X 102050 0 18182 Rahel Rosner 40.00 X 90016 0 40553 KEVIN BARR 40.00 X 166274 0 23696 Lele LeVay Ashworth 40.00 X 137188 0 53773 BARBARA BITNER 40.00 X 140305 0 14924 gloria runyon 40.00 X 134265 0 17638 nooman Kacem 40.00 X 128135 0 19684 1344183 0 275953 10 0 1 0 McDonald Cleaning Systems Inc PO Box 5589 Washington DC 20016 Contracted Cleaning Svc. 651230 O' Brien Bus Service Inc PO Box 320 college park MD 20741 student transportation 339500 Hartford PO Box 2907 Hartford CT 06100 Insurance 238254 Densel Company Inc 7640A Airpark Road gaithersburg MD 20879 heating/cooling repair & maintanance 104759 Issacson Miller Inc 334 Boylston St Ste 500 Boston MA 02116 Recruitment 103080 6 224525 2167696 347651 2392221 EDUCATION PROGRAM 900099 32316620 32316620 32316620 245533 245533 3878072 3878072 0 0 262520 224525 95231 167289 167289 OTHER INCOME 900099 179192 179192 179192 35300855 32316620 0 592014 3761519 3761519 788299 531434 225831 31034 16174111 10903830 4633536 636745 1114606 751416 319310 43880 863235 581953 247299 33983 1244341 838877 356477 48987 72366 72366 45500 45500 124919 124919 3187014 2822061 353371 11582 758205 694841 63364 133062 133062 1994850 1231203 763647 2014854 2014854 170054 11189 158865 TUITION DISCOUNTS 455014 455014 STAFF EDUCATION AND REC 397165 272640 124525 other expenses 334491 266414 68077 AFTER SCHOOL PROGRAMS 249530 249530 PUBLIC RELATIONS 150660 54828 95832 34033795 25308251 7755424 970120 534917 1254513 12812523 8249266 1707886 1045765 148312 52743 50242 41252 71656384 21176308 52268985 50480076 2191807 3596307 18285589 27862956 88000261 92582878 1789448 2147577 7412477 7638996 31000000 31000000 2574098 3376892 42776023 44163465 X 35781949 38338903 2868461 3408187 6573828 6672323 45224238 48419413 88000261 92582878 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6573828 98495 6672323 6394680 179148 6573828 1.00000 0 0 5872479 5872479 58070246 13350074 44720172 7713659 7826234 -112575 50480076 Commonfund alternative funds 15932473 F Mutual funds 11930483 F 27862956 DEFERRED COMPENSATION PAYABLE 450390 INTEREST RATE SWAP CONTRACT 2926502 3376892 35300855 34033795 1267060 1928115 1928115 3195175 33467451 1928115 1928115 31539336 3761519 3761519 35300855 30272276 0 30272276 3761519 3761519 34033795 Part V, Line 4: Description of Intended Use of Endowment Funds: The School has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment and to reduce the likelihood of real principal erosion due to portfolio volatility. Staff $ 2,912,720 Scholarships 2,691,512 Specially designated 998,958 Historic awards 69,133 Total: $ 6,672,323 Part X: Description of Uncertain Tax Positions Under FIN 48: The School is generally exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code. However, the School is subject to income taxes on unrelated business income as defined by the Internal Revenue Service. During the year ended June 30, 2010, the School had no taxable unrelated business income and accordingly, no provision for income taxes is required in the accompanying financial statements. 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. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above would be reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statement of activities. The School files income tax returns in the U.S. federal jurisdiction. As of June 30, 2010, there were no material unrecognized/derecognized tax benefits or tax penalties or interest. With few exceptions, the School is no longer subject to U.S. federal income tax examinations by tax authorities for years before 2007. Part XII, Line 4b - Other Adjustments: FINANCIAL AID: 3761519. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID: 3761519. 1 1 1 Organization placed an advertisement in the Washington Post to publicize nondiscrimination policy. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 AUCTION INCOME 461331 223525 237806 76111 COUNTRY MARKET DAY 25734 1000 24734 19120 487065 224525 262540 95231 95231 167309 1 Financial Aid 210 3761519 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The School allocates needs based financial aid. The School uses both an outside analytical firm to process data as well as requires families to complete a GDS financial aid application. Need is assessed and allocated by a financial aid committee. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Peter Branch 366243 0 35000 0 44707 0 49588 0 41845 0 537383 0 0 0 KEVIN BARR 166274 0 0 0 0 0 13872 0 9938 0 190084 0 0 0 Lele LeVay Ashworth 137188 0 0 0 0 0 6940 0 46947 0 191075 0 0 0 BARBARA BITNER 140305 0 0 0 0 0 11430 0 3607 0 155342 0 0 0 gloria runyon 134265 0 0 0 0 0 11300 0 6452 0 152017 0 0 0 Part I, Line 1a As the school does not provide campus housing, a housing and personal service allowance is provided to the Head of School. The school does not have a cafeteria nor food service provider and has taken out dining membership (at a nominal costs) for the Head of School at the Georgetown Club for recruiting and development purposes. Housing allowance is taxable compensation to the head of School, while Health or social club dues and Personal services are not taxable. District of columbia 536001131 254839J61 2005-07-01 38000000 Construction of HS/loan consol. 0 0 38000000 498040 38000000 2009 0 0 1 1 0 0 0 0 1 1 1 1 1 SunTrust Bank 11.916666700000 0 0 0 X 30 14295 sale X 542 sale X 25 95718 sale X 8 2578 sale X tickets/lunches/etc 564 234518 sale 0 1 0 Form 990, Part VI, Section A, line 6 ARTICLE IV. MEMBERSHIP. Section 1. This corporation shall be a membership corporation and shall have only one class of members: the parents or guardians of students registered in the school. Section 2.The parent or guardian of each student registered in the school shall be entitled to membership when a student is first registered, except that only one membership may be issued to any one family. If the parents of a child are separated or divorced, the membership shall be held by that parent who enrolls the child in the school except when the parents decide otherwise and so notify the school. When all the students registered in the name of a parent or guardian are withdrawn from the school, the parent or guardian shall cease to have membership in the corporation. Section 3. The holder of each membership shall be entitled to one vote. No member may vote more than once on any specific voting issue. Section 4. Communication with the membership shall take place by mail, either electronic or postal. Form 990, Part VI, Section A, line 7a ARTICLE V. MEETINGS OF THE MEMBERSHIP. Section 1. The regular annual meeting of members shall be held in the spring, at such day, time and place as shall be determined by the Board of Trustees. Section 2. The regular annual meeting shall be for the purpose of electing trustees, presenting the budget, considering the state of the school and transacting such other business as may come before it. Section 3. Special meetings of members may be called by the President, by a majority of the Board of Trustees, or by written petition of seventy-five (75) members. The special meeting shall be held within three weeks after the petition is presented. Section 4. Written notice of all membership meetings, whether regular or special, stating the time, place and purposes thereof, including a full agenda, shall be mailed or delivered by the Board to each member of this corporation no fewer than ten (10) business days before the date of the meeting, except as a different period of notice for any meeting is specified elsewhere in these By-laws. Any matter or issue may be placed on the agenda of any regular or special meeting by a written petition of fifteen (15) members delivered to the President of the Board (c/o the Head of School's Office) at least five (5) business days before the meeting. Unless placed on such agenda, no matter or issue may be voted upon at the meeting. Section 5. The presence of one hundred twenty-five (125) members entitled to vote at any meeting shall constitute a quorum. Mail proxies shall be permitted on any substantive matter or issue to be voted on at a meeting. These proxies will be counted for the purpose of determining whether a quorum exists at the meeting. Any member who has mailed in a proxy may attend the meeting, revoke the proxy, and vote personally at the meeting. A majority of those voting in person or by proxy shall determine the outcome of any substantive matter or issue voted on at a meeting, except that the election of trustees shall be determined pursuant to Section 8 of this Article. Section 6. The Board of Trustees may elect to take a vote by mail ballot, requiring all ballots to be received by a date certain, in lieu of seeking a vote at a regular or special meeting of the corporation. Whenever a quorum is not achieved at a regular or special meeting, precluding a vote on an agenda item, the Board of Trustees thereafter may adjourn the meeting to a new time or conduct a vote solely by mail ballot. In the case of a mail ballot, the requirement for a quorum of one hundred twenty-five (125) is satisfied. A majority of those voting shall determine the outcome of the issue voted on. This paragraph is inapplicable to elections for the Board of Trustees covered in Section 8 of this article. Section 7. Except insofar as the Board of Trustees shall specify otherwise, regular and special meetings of the members shall be conducted to the extent practicable in accordance with the then current edition of Robert's Rules of Order. Section 8. The nominees for the trustee positions receiving the largest number of votes (whether cast in person or by mail proxy in advance of the meeting) at the annual meeting or at a special meeting shall be elected trustees for those vacancies that exist. Elections shall be by secret ballot. Form 990, Part VI, Section A, line 7b members must approve changes in by-laws and debt incurrance over 10% of budget - should this be reflected in our response Form 990, Part VI, Section B, line 11 The Audit Committee meets with the accountants to discuss the 990 filing. The Audit Committee reviews the Form 990. A copy of the completed form is provided to the Board prior to filing. Form 990, Part VI, Section B, line 12c Each year all board members and school administration are required to complete the conflict of interest statement. These files are maintained by the executive assistant to the Head of the School. Faculty and staff are contractually required to report conflicts of interest to the Head of the School. Form 990, Part VI, Section B, line 15 The Board and its committees benchmarks the Head of School's compensation with other schools using survey data. The initial compensation of administrative staff is also determined using compensation survey data. initial compensation of faculty is determined using the School's faculty salary chart which takes into consideration teaching and relevant experience. The faculty salary chart is compared to survey data on an annual basis. The organization also documents the decisions of the committee. Form 990, Part VI, Section C, line 19 The organization's bylaws are available on the school website as well as by request. Audited financial statements and conflict of interest policy are provided upon request. form 990, part XI, line 2c the process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years. 21 MACARTHURLLC 4530 mcarthur blvd nw washington DC 20007 200339440 real estate holding DE 0 0 N/A