2011-05-11T12:38:54-05:00 2010-06-30 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2009-07-01 520591625 THE PARK SCHOOL OF BALTIMORE PARK 4103397070 PO BOX 8200 BROOKLANDVILLE MD 21022 JOAN WEBBER 4103397070 2011-05-11 1 Lori S Burghauser 4104031500 2011-05-11 2009 2016-02-24 21:20:13Z JOAN WEBBER PO BOX 8200 BROOKLANDVILLE MD 21022 42459943 0 X WWW.PARKSCHOOL.NET X 1940 MD TO PROVIDE EDUCATION TO STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 34 34 494 1000 2220 941 2200922 2599059 20408496 21713739 -2535943 3127749 119843 -3065 20193318 27437482 3870626 4256941 0 13640448 13748839 0 526074 6539322 6843535 24050396 24849315 -3857078 2588167 58852858 61854579 21862611 22351995 36990247 39502584 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 18837433 4256941 20273945 INSTRUCTION & OTHER ACADEMIC PROGRAM EXPENSES - GENERAL OPERATION OF THE SCHOOL; PROVIDING BASIC EDUCATION FOR GRADES KINDERGARTEN THROUGH 12. 1287530 911637 AUXILIARY PROGRAMS & SPECIAL ACTIVITIES - EXPENSES ASSOCIATED WITH PROVIDING SUMMER CAMP, CAFETERIA AND SPECIAL PROGRAMS FOR THE CONVENIENCE OF THE STUDENTS. 20124963 1 1 0 0 0 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 1 65 0 494 1 1 1 0 0 0 0 0 0 0 0 0 34 34 1 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 JOSH FIDLER 1.00 X 0 0 0 JAMES WYDA 1.00 X 0 0 0 BARRY CURTIS 1.00 X 0 0 0 LISA DVORINE ABRAMS MD 1.00 X 0 0 0 DAVID BELL PHD 1.00 X 0 0 0 Frank Boston III 1.00 X 0 0 0 Dan Cummings 1.00 X 0 0 0 Anette Goelet 1.00 X 0 0 0 Jeff Hettleman 1.00 X 0 0 0 SHELLY HETTLEMAN 1.00 X 0 0 0 MARK LERNER 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 Jonathan Rogers 1.00 X 0 0 0 SARA HIRSCHHORN SHAPIRO 1.00 X 0 0 0 DAVID SACHS 1.00 X 0 0 0 Steven Sibel 1.00 X 0 0 0 BETTY SYMINGTON 1.00 X 0 0 0 ANDREA TAYLOR PHD 1.00 X 0 0 0 MARIA TILDEN 1.00 X 0 0 0 Laura Tucker 1.00 X 0 0 0 MICHAEL TUCKER 1.00 X 0 0 0 BRIAN WEESE 1.00 X 0 0 0 Leonard Weinberg 1.00 X 0 0 0 THOMAS WETZLER 1.00 X 0 0 0 JEFFREY ZERHEUSEN 1.00 X 0 0 0 Dan Paradis 40.00 X 249986 0 18089 BETSY LEIGHTON 40.00 X 126155 0 15533 Joan Webber 40.00 X 164199 0 12665 RIDGE DIVEN 40.00 X 114306 0 12246 Michael McGill 40.00 X 122007 0 7320 Bonnie Rosenblatt 40.00 X 109509 0 11959 Roger Seindenman 40.00 X 141359 0 8482 1027521 0 86294 7 0 1 0 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 CAFETERIA 400666 CHRISTAR INC 2335 WILLOW VALE DRIVE FALLSTON MD 21047 CLEANING 285030 James A QUICK INC 21A Newport Drive Forest Hill MD 21050 HVAC/ELECTRICAL 116392 3 14160 2584899 328651 2599059 TUITION & FEES 611600 20273945 20273945 SUMMER CAMP 611600 566062 566062 CAFETERIA 722210 374283 374283 EXTENDED DAY 611600 182460 182460 AUXILIARY PROGRAMS 611600 161198 161198 155791 155791 21713739 745993 2220 743773 95385 62267 33118 33118 33118 16860640 14478884 2381756 2381756 2381756 279245 14160 307277 -28032 -28032 163965 174033 -10068 -10068 MISCELLANEOUS 611600 1917 1917 1917 27437482 21185582 2220 3650621 4256941 4256941 457101 359281 92792 5028 11151502 8802590 2184994 163918 635021 463542 163691 7788 686212 477546 203061 5605 819003 660470 146461 12072 13905 13905 32874 32874 102641 102641 12674 12674 115649 115649 219939 91468 107999 20472 71059 71059 1306124 1306124 3832 3832 651642 651642 1255077 1255077 117390 117390 Unrelated Business Inco 3842 3842 Cafeteria and bus opera 589961 589961 Summer Camp 380548 380548 Education Expenses/Exte 376647 376647 FACA Contracts & Suppor 373363 373363 1216368 727573 177604 311191 24849315 20124963 4198278 526074 1909897 3750890 4640598 3770435 344348 693210 100000 100000 57863 73583 214036 99050 37685081 11221539 27052592 26463542 3719582 7004850 20813942 19899019 58852858 61854579 537840 414433 3813648 3887583 15600000 14930000 500000 1250000 1411123 1869979 21862611 22351995 X 18828778 19840515 7449527 8275217 10711942 11386852 36990247 39502584 58852858 61854579 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 10 30.00 1 0 0 16371635 1419075 2267402 1032150 19025962 22061372 954038 -5183590 1460185 16371635 0.19850 0.59850 0.20300 0 0 1996372 1996372 31869791 10175945 21693846 3209743 1045594 2164149 609175 609175 26463542 MUTUAL FUNDS 10524859 F ALTERNATIVE INVESTMENTS 9374160 F 19899019 DUE TO STUDENT ORGANIZATIONS 17817 INTEREST RATE SWAP CONTRACT 1852162 1869979 27437482 24849315 2588167 403334 -479164 -75830 2512337 21998315 403334 403334 21594981 102641 5739860 5842501 27437482 19485978 517934 517934 18968044 102641 5778630 5881271 24849315 Part II, Line 9: Description of How Organization Reports Conservation Easements: The expenses are categorized as engineering, permits and other associated fees. There is not a footnote in the financial statements for the conservation easements. Part X: Description of Uncertain Tax Positions Under FIN 48: 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, 2010 AND 2009. Part XI, Line 8 - Other Adjustments: UNREALIZED LOSS ON INTEREST RATE SWAP ON LONG TERM DEBT: -479164. Part XII, Line 4b - Other Adjustments: EXPENSES NETTED WITH REVENUE ON FINANCAL STATEMENT: 1510951. FINANCIAL ASSISTANCE GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENT: 4256941. NET SPECIAL EVENTS LOSS: -28032. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES SHOWN NET ON 990: 33118. SCHOOL STORE EXPENSES SHOWN NET ON 990: 5652. Unrealized Loss on interest rate swap contract: 479164. Part XIII, Line 4b - Other Adjustments: REVENUE NETTED WITH EXPENSES ON FINANCIAL STATEMENT: 1510951. FINANCIAL ASSISTANCE GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENT: 4256941. SPECIAL EVENT LOSS SHOWN NET ON 990: -28032. RENTAL EXPENSES SHOWN NET ON 990: 33118. SCHOOL STORE EXPENSES SHOWN NET ON 990: 5652. 1 1 1 SCHOOL IS ALIGNED WITH AIMS (A CONSORTIUM OF INDEPENDENT SCHOOLS) AND ADVERTISES THROUGH THEM. ALL ADS AND SCHOOL LITERATURE STATE THE NON-DISCRIMINATORY POLICY. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 GOLF 20662 5360 15302 7062 7388 AUCTION 272743 8800 263943 228743 64084 293405 14160 279245 228743 7062 71472 307277 -28032 1 FINANCIAL ASSISTANCE TO STUDENTS 260 4256941 0 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 249986 0 0 0 0 0 13403 0 4686 0 268075 0 0 0 BETSY LEIGHTON 126155 0 0 0 0 0 7569 0 7964 0 141688 0 0 0 Joan Webber 164199 0 0 0 0 0 9852 0 2813 0 176864 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 20 99908 FMV X SILENT AUCTION ITEMS 698 228743 FMV 0 0 0 Form 990, Part VI, Section A, line 2 SHELLY HETTLEMAN, PRESIDENT OF PARENT'S ASSOCIATION, IS MARRIED TO JEFF HETTLEMAN, MEMBER OF THE BOARD OF TRUSTEES. MARC LERNER, IMMEDIATE PAST PRESIDENT, IS MARRIED TO TRACI LERNER, MEMBER OF THE BOARD OF TRUSTEES. LAURA TUCKER, MEMBER OF THE BOARD OF TRUSTEES, IS THE MOTHER OF MICHAEL TUCKER, PRESIDENT OF THE STUDENT COUNCIL. 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 does not have its by-laws or conflict of interest policy posted on any public website or in public documents. 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. FORM 990, PAGE 12, PART XI, 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0