2011-05-09T14:35:46-05:00 2010-06-30 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2009-07-01 520591488 CORPORATION OF ST TIMOTHY'S SCHOOL CORP 4104867400 8400 GREENSPRING AVENUE STEVENSON MD 21153 Anne Marie Esposito 4104867400 2011-05-06 1 Lori S Burghauser 4104031500 2011-04-29 2009 2016-02-24 21:20:13Z Anne Marie Esposito 8400 GREENSPRING AVENUE STEVENSON MD 21153 15355406 0 X WWW.STT.ORG X 1832 MD FOUNDED IN 1832, ST. TIMOTHY'S SCHOOL IS A COLLEGE-PREPARATORY BOARDING AND DAY SCHOOL, PREPARING GIRLS TO ASSUME POSITIONS OF LEADERSHIP WITH MORAL FOCUS AND COURAGE, INTELLECTUAL HONESTY AND ACUMEN, AND THE CONFIDENCE TO ACT RESPONSIBLY AND ETHICALLY IN ALL AREAS OF THEIR LIVES. 19 19 107 40 192976 -12291 2560647 3655047 6562525 6880318 -185714 125201 98455 79034 9035913 10739600 1809550 2062005 0 3306646 3503837 629833 238000 762855 3784117 3711440 9530146 9515282 -494233 1224318 21997493 23671412 6138067 6221576 15859426 17449836 St. Timothy's School operates as a private educational organization which maintains a regular faculty and curriculum and has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on. Pursuant to IRC Sec. 170(B)(1)(A)(II) and IRC Sec. 501(C)(3), St. Timothy's is a tax exempt organization. 0 0 6795803 2062005 6687342 PROVIDING INSTRUCTION, ROOM AND BOARD FOR STUDENTS 6795803 1 1 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 37 0 107 1 1 1 0 0 0 0 0 0 0 0 19 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X ANNE ESPOSITO 4104867400 8400 GREENSPRING AVENUE STEVENSON MD 21153 BARBARA WHITAKER OVERSTREET 2.00 X 0 0 0 Walter M Miller 2.00 X 0 0 0 MAUD ISELIN WELLES 2.00 X 0 0 0 ELEANOR WRIGHT LINDEMANN 2.00 X 0 0 0 Lisa Hooker Campbell 1.00 X 0 0 0 SUSAN HANDY DU PONT 1.00 X 0 0 0 Jean Brown Finney 1.00 X 0 0 0 PIE PINCKNEY FRIENDLY 1.00 X 0 0 0 Nancy Gross Harvey 1.00 X 0 0 0 Diana C Helander 1.00 X 0 0 0 ROBERT HELANDER 1.00 X 0 0 0 Alice Ingram Hooker 1.00 X 0 0 0 Kate Ireland 1.00 X 0 0 0 ELIZABETH VALK LONG 1.00 X 0 0 0 David C Manke 1.00 X 0 0 0 NINA KOVEN O'CONNOR 1.00 X 0 0 0 The Right Rev John L Rabb 1.00 X 0 0 0 Jan Milliken Russell 1.00 X 0 0 0 NAOMI TUTU 1.00 X 0 0 0 Randy Stevens 40.00 X 234788 0 27612 ANNE ESPOSITO 40.00 X 99500 0 5250 334288 0 32862 2 0 1 0 COMMUNITY COUNSELING SERVICES PO BOX 27462 NEW YORK NY 10087 FUNDRAISING COUNCIL 496500 FLIKCHARTWELLS PO BOX 91337 CHICAGO IL 60693 FOOD SERVICES 368423 BROCK AND COMPANY 257 GREAT VALLEY PKWY MALVERN PA 19355 FOOD SERVICES 199887 NEUSTADT CREATIVE MARKETING 100 E PENNSYLVANIA AVENUE SUITE 3 TOWSON MD 21286 MARKETING & PUBLICATION SUPPORT 110457 4 3655047 511196 3655047 Tuition, Board & Fees 900099 6225715 6225715 Horseback Riding 713990 356383 163407 192976 Miscellaneous & Fees 900099 166745 166745 Activity Fees 900099 116725 116725 Infirmary 900099 14750 14750 6880318 180101 180101 84809 84809 84809 84809 4479400 4534300 -54900 -54900 -54900 75731 81506 -5775 -5775 10739600 6687342 192976 204235 2062005 2062005 375813 207449 129655 38709 2617491 1430598 951104 235789 92996 62025 21920 9051 212903 141999 50182 20722 204634 136484 48233 19917 12928 12928 31063 31063 238000 238000 17585 17585 191491 114753 76738 174187 41900 88686 43601 38447 21223 13264 3960 515149 281556 187187 46406 49595 20027 24411 5157 16981 8312 8669 209621 159312 50309 744894 566119 178775 178094 89047 89047 food & housekeeping 556013 556013 other riding program ex 216120 216120 department expense 147155 147155 educational Activities 112766 112766 GROUNDS SUPPLIES 90408 49905 31191 9312 408943 371035 22415 15493 9515282 6795803 1956624 762855 982081 1599137 3927333 3895766 1637304 2760720 51633 45244 38472 27884 73040 73066 18526329 10112644 8957017 8413685 6197685 6694076 132928 161834 21997493 23671412 253437 196959 1749994 1977395 4010000 3790000 124636 257222 6138067 6221576 X 7282292 6582874 4144600 6434028 4432534 4432934 15859426 17449836 21997493 23671412 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.83 0 0 0 1 0 0.00 0 0 6092523 647 558569 6651739 8753079 25668 -1963152 723072 6092523 0.29890 0.66640 0.03470 0 0 2888198 2888198 12364269 7538239 4826030 3203351 2574405 628946 70511 70511 8413685 INTEREST RATE SWAP 213099 CAPITAL LEASE OBLIGATION 44123 257222 10739600 9515282 1224318 458330 -92238 366092 1590410 9199846 458330 81506 539836 8660010 17585 2062005 2079590 10739600 7609436 173744 173744 7435692 17585 2062005 2079590 9515282 Part II, Line 5: Explanation of Easements Enforcement Policies: THE SCHOOL DOES NOT REPORT ON ITS .83 ACRE EASEMENT. AS SUCH, A POLICY HAS NOT BEEN DEVELOPED FOR THE CONSERVATION EASEMENT. Part V, Line 4: Description of Intended Use of Endowment Funds: THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT the School's education, artistic, athletic and residential programs and facilities, FINANCIAL AID, MERIT AWARDS AND FACULTY DEVELOPMENT and salaries. 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. IN ADDITION, THE SCHOOL QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). INCOME, WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE SCHOOL HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2010 AND 2009. ASC 740, Income Taxes (ASC 740), prescribes the recognition and measurement of a tax position taken or expected to be taken in a tax return. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. THE SCHOOL IMPLEMENTED ASC 740 DURING THE YEAR ENDED JUNE 30, 2009. THE IMPACT OF THE IMPLEMENTATION OF ASC 740 WAS NOT MATERIAL TO THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. THE SCHOOL DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 30, 2010 AND 2009. Part XI, Line 8 - Other Adjustments: Change IN MARKET VALUE ON INTEREST RATE SWAP: -92238. Part XII, Line 2d - Other Adjustments: Bookstore Cost of Goods Sold-Line 10B: 81506. Part XII, Line 4b - Other Adjustments: Financial Aid Netted on F/S: 2062005. Part XIII, Line 2d - Other Adjustments: Bookstore cost of goods sold-line 10B: 81506. interest rate swap: 92238. Part XIII, Line 4b - Other Adjustments: Financial Aid Netted on F/S: 2062005. PART II, LINE 8: THE FOREST BUFFER EASEMENT WAS ACQUIRED ON MAY 9, 2001. THIS EASEMENT IS NOT SUBJECT TO COMPLIANCE WITH SECTION 170(H)(4)(B)(I) OR SECTION 170(H)(4)(B)(II) SINCE THE DATE OF ACQUISITION IS PRIOR TO AUGUST 17,2006. PART II, LINE 9: THE ORGANIZATION DOES NOT REPORT ON ITS .83 ACRE EASEMENT. AS SUCH, NO AMOUNTS ARE REPORTED ON THE BALANCE SHEET. 1 1 1 THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH PUBLICATIONS IN school brochures, local newspapers and periodicals. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 X X X X X 1 COMMUNITY COUNSELING SERVICES CAPITAL CAMPAIGN 0 0 238000 -238000 238000 -238000 MD 1 Financial aid awarded to students based on need and merit 85 2062005 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: THE STUDENT'S PARENT(S) APPLIES FOR THE FINANCIAL AID BY COMPLETING THE UNIFORM SSS FORM. THE FINANCIAL AID COMMITTEE REVIEWS THE SSS FORMS AND AWARDS FINANCIAL AID ON AN AS-NEEDED BASIS. THE AMOUNT OF EACH AWARD IS APPLIED TO THE RESPECTIVE STUDENT'S TUITION BILL. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Randy Stevens 234788 0 0 0 0 0 24523 0 3089 0 262400 0 0 0 Part I, Line 1a As part of the President's contract, the president(head of school) is required to live in a house located on the school's premises. As such, expenses related to this requirement are reimbursed by the School. Baltimore County Maryland 526000889 noneavail 2009-10-01 4010000 refunding of 2002 bonds 0 0 4010000 2009 1 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 1 SunTrust Bank 7.000000000000 0 0 0 X 24 511196 FMV X OFFICE FURNITURE 3 0 FMV X HORSES 5 0 FMV 0 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS RECEIVED. Non Reporting of Revenue: Part I, Line 33: THE ORGANIZATION RECEIVED DONATIONS OF HORSES AND FURNITURE FOR WHICH NO VALUE WAS RECORDED ON THE BOOKS. AN APPRAISAL WAS NOT CONDUCTED AT THE TIME OF THE DONATION. THE HORSES THAT WERE DONATED WERE UNWANTED BY THEIR OWNER AND WOULD HAVE BEEN ABANDONED OTHERWISE. Form 990, Part VI, Section A, line 2 ROBERT HELANDER AND DIANA C. HELANDER HAVE A FAMILY RELATIONSHIP. LISA HOOKER CAMPBELL AND ALICE INGRAM HOOKER ALSO HAVE A FAMILY RELATIONSHIP. Form 990, Part VI, Section B, line 11 THE AUDIT COMMITTEE REVIEWED THE FORM 990 AND ITS ACCOMPANYING SCHEDULES WITH THE HEAD OF SCHOOL AND BUSINESS MANAGER AT ST. TIMOTHY SCHOOL'S APRIL BOARD MEETING HELD 4/28/11 - 4/30/11. THE COMMITTEE REVIEWED THE FORM 990. THE FORM 990 WAS ALSO MADE AVAILABLE TO THE FULL BOARD FOR REVIEW. Form 990, Part VI, Section B, line 12c ST. TIMOTHY'S SCHOOL HAS WRITTEN CONFLICT OF INTEREST POLICIES FOR BOTH THE BOARD OF TRUSTEES AND ITS FACULTY AND STAFF. THE BOARD OF TRUSTEES SIGNS A STATEMENT ANNUALLY ATTESTING TO THE CONFLICT OF INTEREST POLICY. THE CODE OF ETHICS WITHIN THE FACULTY AND STAFF HANDBOOK IS REVIEWED ANNUALLY BY SENIOR MANAGEMENT AND SIGNED ANNUALLY BY EVERY MEMBER OF THE FACULTY AND STAFF. Form 990, Part VI, Section B, line 15 EACH YEAR, AS PART OF THE BUDGET CYCLE, THE BUSINESS MANAGER PROVIDES THE BOARD OF TRUSTEES WITH COMPARABLE SALARY DATA FOR ALL KEY POSITIONS FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS SURVEY. THE SCHOOL IS COMPARED WITH A PEER GROUP OF SIXTEEN SCHOOLS OF SIMILAR SIZE AND MISSION. THE BOARD APPROVES ALL SALARY INCREASES FOR THE HEAD OF SCHOOL, THE CFO, AND THE TOTAL SALARY POOL FOR ALL Other POSITIONS BASED ON THIS DATA AS WELL AS ON THE FINANCIAL POSITION OF THE SCHOOL. Form 990, Part VI, Section C, line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. THE ORGANIZATION'S FORM 990 IS AVAILABLE TO THE PUBLIC VIA WWW.GUIDESTAR.ORG. FORM 990, PAGE 12, PART XI, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.