2011-01-21T12:37:48-06:00 2010-06-30 RSM MCGLADREY INC 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2009-07-01 520613675 GREEN ACRES SCHOOL INC GREE 3018814100 11701 DANVILLE DRIVE ROCKVILLE MD 20852 Neal Brown 3018814100 2011-01-20 1 Bill Turco 3012963600 2009 2016-02-24 21:20:13Z NEAL BROWN 5913 GREENLAWN DRIVE BETHESDA MD 20814 9924772 0 X WWW.GREENACRES.ORG X 1934 MD A COEDUCATIONAL PROGRESSIVE SCHOOL FOR GRADES PRE-KINDERGARTEN THROUGH EIGHT DEDICATED TO FOSTERING THE NATURAL CURIOSITY OF STUDENTS, ENGAGING THEM ACTIVELY IN THE JOY OF LEARNING AND FACILITATING PROBLEM SOLVING. BASED ON AN UNDERSTANDING OF CHILD DEVELOPMENT, GREEN ACRES PROGRAM IS COGNITIVELY, PHYSICALLY AND CREATIVELY CHALLENGING. VALUING ACCEPTANCE OF A VARIETY OF VIEWPOINTS, THIS COMMUNITY PROMOTES SOCIOECONOMIC AND CULTURAL DIVERSITY, AN ENVIRONMENT OF TRUST, COOPERATION AND MUTUAL RESPECT ENCOURAGE STUDENTS TO BECOME INCREASINGLY INDEPENDENT THINKERS AND RESPONSIBLE CONTRIBUTORS TO AN EVER-CHANGING, MULTICULTURAL WORLD. 21 17 189 70 0 0 476656 420139 9178865 9154775 215226 175109 53339 138909 9924086 9888932 795146 961561 0 5863006 6098311 0 325818 2835860 2718477 9494012 9778349 430074 110583 21319765 22435070 11712159 12464165 9607606 9970905 A PRESCHOOL AND ELEMENTARY EDUCATION (NURSERY THROUGH EIGHTH GRADE) FOR OVER 300 CHILDREN CONDUCTED ON PROGRESSIVE LINES IN WHICH THE OBJECTIVE IS TO EMPHASIZE INDIVIDUAL DEVELOPMENT. 0 0 7902925 961561 9154775 PRESCHOOL AND ELEMENTARY EDUCATION (NURSERY THROUGH EIGHTH GRADE) FOR OVER 300 CHILDREN CONDUCTED ON PROGRESSIVE LINES IN WHICH THE OBJECTIVE IS TO EMPHASIZE INDIVIDUAL DEVELOPMENT. 7902925 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 0 0 0 0 0 1 22 0 1 189 1 0 0 0 0 0 0 0 0 0 21 17 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 MD X BRENDA ROBINSON 3018814100 11701 DANVILLE DRIVE ROCKVILLE MD 20852 DAVID SMITH 2.00 X X 0 0 0 AMY NILES 2.00 X X 0 0 0 ABBA BLUM 2.00 X X 0 0 0 MARY STEWART 2.00 X X 0 0 0 ALAN ADLER 2.00 X 0 0 0 IRINEU DECARVALHO FILHO 2.00 X 0 0 0 MICHAEL BARNELLO 2.00 X 0 0 0 MARGE DIMOND 2.00 X 0 0 0 MICHELE DREYFUSS 2.00 X 0 0 0 SANDY HOROWITZ 2.00 X 0 0 0 JOCELYN JOHNSON 40.00 X 53854 0 11166 ANITA LYNN 2.00 X 0 0 0 KATHIE MEIZNER 2.00 X 0 0 0 ADRIANA MURPHY 40.00 X 51979 0 9694 KAREN FRICKE 2.00 X 0 0 0 KIM TILLEY 2.00 X 0 0 0 ROBERT RUBEN 2.00 X 0 0 0 ROBERT WEISS 2.00 X 0 0 0 ROBERT YOUNGENTOB 2.00 X 0 0 0 NEAL BROWN 40.00 X X 219000 0 50325 KAREN BUGLASS 40.00 X 50604 0 9774 BRENDA ROBINSON 40.00 X 116658 0 9279 492095 0 90238 2 0 1 0 REJOICE TRANSPORTATION LLC PO BOX 641 CLINTON MD 20735 CONTRACTED SCHOOLBUS 283427 UNIVERSAL JANITORIAL SERVICES 3911 OLD LEE HIGHWAY SUITE 43A FAIRFAX VA 22030 CONTRACTED JANITORIAL 191388 2 420139 84488 420139 TUITION & RELATED FEEs 900099 7987052 7987052 AUXILIARY SERVICES 900099 972580 972580 TRANSPORTATION FEES 900099 195143 195143 9154775 176113 176113 8189 9193 -1004 -1004 -1004 147918 21726 126192 126192 10133 4921 5212 5212 OTHER INCOME 900099 7505 7505 7505 9888932 9154775 0 314018 961561 961561 607026 238646 368380 4118461 3350202 570777 197482 283107 244004 26773 12330 749227 631002 86872 31353 340490 275677 51686 13127 50930 11704 39174 52 28600 28600 260 260 11349 11098 187 64 54187 5139 49048 436368 401054 32942 2372 91387 90743 479 165 162896 156350 5109 1437 296086 295336 558 192 13927 10863 3064 376724 367484 6848 2392 595335 400129 191443 3763 42685 25858 16679 148 education expenses 359255 319516 39739 summer camp 231266 231266 discretionary funds 5882 5882 bad debts -1995 -1995 other expenses -36665 -113844 19302 57877 9778349 7902925 1549606 325818 1839971 2928878 4286502 4278612 31529 21324 11109 54451 15691 12411 305654 341159 15666556 5515920 10678133 10150636 3833029 3809681 533764 318147 304154 21319765 22435070 235826 281377 4113373 4869039 6968434 6770886 394526 542863 11712159 12464165 X 8323603 8629111 350877 391656 933126 950138 9607606 9970905 21319765 22435070 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4348561 461594 261405 169168 4902392 4552368 469765 -526007 147565 4348561 0.81000 0.19000 0 0 41113 41113 14908365 4960567 9947798 717078 555353 161725 10150636 CUSTODIAL ACCOUNTS 71202 DEFERRED COMPENSATION 43389 INTEREST RATE SWAP 428272 542863 9888932 9778349 110583 403129 -150413 252716 363299 9335161 403129 403129 8932032 260 956640 956900 9888932 8971862 155334 155334 8816528 260 961561 961821 9778349 Part V, Line 4: Description of Intended Use of Endowment Funds: TEMPORARILY RESTRICTED NET ASSETS INCLUDE DONOR-RESTRICTED NET ASSETS AND OTHER FUNDS, WHICH ARE ONLY AVAILABLE FOR PROGRAM ACTIVITIES OR GENERAL SUPPORT DESIGNATED FOR FUTURE YEARS. Part X: Description of Uncertain Tax Positions Under FIN 48: The School adopted the accounting standard on accounting for uncertainty in income taxes (FASB ASC Topic 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-Iikely-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 examination by the U.S. federal, state or local tax authorities for years before 2007. Part XI, Line 8 - Other Adjustments: unrealized GAIN/(loss) on interest rate swap agreement: -150413. Part XII, Line 4b - Other Adjustments: FINANCIAL AID EXPENSE SHOWN NET OF INCOME ON FINANCIAL STATEMENTS: 961561. COST OF GOODS SOLD PRESENTED ON LINE 10B ON PAGE 9: -4921. Part XIII, Line 2d - Other Adjustments: COST OF GOODS SOLD PRESENTED ON LINE 10B ON PAGE 9: 4921. unrealized loss on interest rate swap agreement: 150413. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID EXPENSE SHOWN NET OF INCOME ON FINANCIAL STATEMENTS: 961561. 1 1 1 AN ANNOUNCEMENT IS PLACED IN THE WASHINGTON POST NEWSPAPER PUBLICIZING THE SCHOOL'S NONDISCRIMINATION POLICY. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 AUCTION 147918 147918 21726 1 147918 147918 21726 21726 126192 1 FINANCIAL AID TO STUDENTS 58 961561 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The School's financial aid program is designed to assist families with need by covering a part of the cost of tuition and other expenses at the school. We send financial aid information and application materials to all of our applicant families. To ensure objectivity, Green Acres School subscribes to the School and Student Service for Financial Aid (SSS) in Princeton, New Jersey. This service requires that parents send to them a parents' financial statement with a small fee. With this information, SSS calculates how much parents should be expected to pay. Copies of current year tax forms must also be submitted directly to the School. Families seeking financial aid must apply for financial aid each year. At Green Acres School, the financial aid process is handled by our Business Office rather than by our Admission Office. This plan supports our 'need blind' admission policy. Admission decisions are made first by an admission committee without regard to which families may or may not have applied for financial aid. After admission decisions are made, grants are determined for accepted families who qualify by a Financial Aid Committee, consisting of the Head and business office staff members. X X 0 0 0 0 0 0 0 0 0 NEAL BROWN 219000 0 0 0 0 0 11655 0 39603 0 270258 0 0 0 MARYLAND HEALTH AND HIRER EDUCATIONAL FACILITIES AUTHORITY 520936091 574216LR6 2005-03-01 3600000 EDUCATIONAL FACILITY CONSTRUCTION 0 0 3600000 68400 3531599 2006 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 1 bank of america 26.800000000000 0 0 0 X 938 selling price X 5406 selling price X 3 16334 average daily price X 26 1388 selling price X 13 1303 selling price X gift cards & certificates 217 59119 selling price 0 1 0 Form 990, Part VI, Section A, line 6 The members of the Corporation (the "Members" or, collectively, the "Membership") shall be: (a)each parent, legal guardian or custodian (hereafter "Parent") of a child enrolled in the School, provided that (i) there shall be no more than two Parents for any child and (ii) the Parent(s) of each child shall be those persons or that person who sign the enrollment form submitted to the School and thereby become responsible for the child's tuition and fees, unless those persons or that person designates on that form one or two other Parents for membership purposes; (b)any person serving as a Trustee on the Board; (c)each person that is regularly employed by the School (such employees shall hereafter be referred to as "Staff"). Form 990, Part VI, Section A, line 7a There shall be an Annual Meeting of the Membership for the purpose of electing Trustees (unless such election is conducted by referendum in accordance with these By-laws). Form 990, Part VI, Section A, line 7b There shall be an Annual Meeting of the Membership for the purpose of electing Trustees (unless such election is conducted by referendum in accordance with these By-laws); for adopting a budget after presentation by the Board, through the Treasurer, of its proposal therefor; and for discussion of any topics that the Board may place on the agenda for the meeting. Form 990, Part VI, Section B, line 11 THE FORM 990 IS PREPARED BY THE OUTSIDE ACCOUNTING FIRM OF THE SCHOOL. THE RETURN IS THEN REVIEWED BY THE HEAD OF SCHOOL AND BUSINESS MANAGER BEFORE BEING MADE AVAILABLE TO THE TRUSTEES VIA A SECURE WEBLINK. Form 990, Part VI, Section B, line 12c The conflict of interest policy has a "duty to disclose" section which outlines how potential or real conflicts of interest are brought to the attention of the head of school, or to the attention of the Board President and/or Vice President. It also explains the role that the Board of Trustees' Executive Committee plays in considering potential conflicts of interest and determining the appropriate steps to take. Form 990, Part VI, Section B, line 15 THE SALARIES OF THE OFFICERS KEY EMPLOYEES ARE DECIDED BY THE USE OF COMPARABLE SALARY DATA AS PROVIDED BY THE Association of Independent Schools of Greater Washington (AISGW) AND the Association of Maryland Independent Schools. THE AMOUNT OF THE FINAL COMPENSATION NUMBER IS THEN APPROVED BY THE COMPENSATION COMMITTEE. Form 990, Part VI, Section C, line 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.