2011-05-13T14:40:14-05:00 2010-06-30 RSM MCGLADREY INC 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2009-07-01 520735085 THE BOYS' LATIN SCHOOL OF MARYLANDINC BOYS 4103775192 822 W LAKE AVENUE BALTIMORE MD 21210 PATRICIA A FALLON 4103775192 2011-04-28 1 4102469300 2009 2016-02-24 21:20:13Z CHRISTOPHER J POST 822 W LAKE AVENUE BALTIMORE MD 21210 19132350 0 X WWW.BOYSLATINMD.COM X 1960 MD The Boys' Latin School of Maryland is a college prep school for boys, grades K - 12. 26 26 203 200 0 0 1437496 1381654 12864840 12945819 -7667527 705660 22633 15733 6657442 15048866 1164531 1481290 0 9155742 9288518 0 711707 3885334 5198874 14205607 15968682 -7548165 -919816 72404629 70781715 24865669 23074552 47538960 47707163 Boys' Latin is the oldest independent, nonsectarian college preparatory school for boys in Maryland. The School offers a rigorous academic program that prepares young men for the challenges of the 21st century. The School's motto, Esse Quam Videri- "To Be, Rather Than to Seem," emphasizes the development of one's integrity, courage, and compassion for others and has been the core value of a Boys' Latin education since 1844. Boys' Latin welcomes young men from diverse backgrounds and educates them in a supportive student-centered environment. A low student-teacher ratio fosters positive relationships, thereby challenging each student to reach his maximum potential while empowering him to mature with an increasing sense of self-worth and an awareness of his responsibilities toward himself and his community. 0 0 12587975 1481290 12919619 PRIMARY AND SECONDARY EDUCATION SERVING APPROXIMATELY 625 STUDENTS. 12587975 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 48 0 1 203 1 0 0 0 0 0 0 0 0 0 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X PATRICIA FALLON DIR OF FINANCE 4103775192 822 W LAKE AVENUE BALTIMORE MD 21210 JAMES C ALBAN IV 2.00 X 0 0 0 GEOFFREY H BRENT 2.00 X 0 0 0 GEORGETTE D KISER 2.00 X 0 0 0 BRANDON F GAINES 2.00 X X 0 0 0 THOMAS M GAINES 2.00 X 0 0 0 MICHAEL C GITLIN 2.00 X 0 0 0 LESLIE E GOLDSBOROUGH JR 2.00 X 0 0 0 CAROL GOODMAN 2.00 X 0 0 0 HENRY H HOPKINS 2.00 X 0 0 0 GREGORY S HORNING 2.00 X X 0 0 0 FRANK S JONES JR 2.00 X 0 0 0 JAMES E MCDONNELL II 2.00 X 0 0 0 BRUCE D MCLEAN 2.00 X 0 0 0 KEIFFER J MITCHELL JR 2.00 X 0 0 0 THOMAS P MULROY 2.00 X X 0 0 0 JONATHAN P MURRAY 2.00 X X 0 0 0 WALKER S MYGATT 2.00 X X 0 0 0 ROBERT B NAENY JR 2.00 X 0 0 0 JOAN PYNE 2.00 X 0 0 0 ANNE A SCHEVE 2.00 X 0 0 0 J KEITH SCROGGINS 2.00 X 0 0 0 STEVEN E SIMMS 2.00 X X 0 0 0 J DUNCAN SMITH 2.00 X 0 0 0 DAVID O WATTS 2.00 X 0 0 0 JENNIFER STEINHARDT 2.00 X 0 0 0 G TODD GUNTER 2.00 X 0 0 0 CHRISTOPHER J POST 40.00 X 218955 0 53477 RICHARD MCC ROSS 40.00 X 147518 0 10301 DYSON EHRHARDT 40.00 X 161397 0 21149 JOHN SIEVERTS 40.00 X 110559 0 8114 638429 0 93041 3 0 1 0 HENRY H LEWIS CONTRACTORS LLC PO BOX 86 OWINGS MILLS MD 21117 CONTRACTOR 5727892 PRINCE MODERN LLC 2604 SISSON ST BALTIMORE MD 21211 FURNITURE 223056 DATA NETWORKS PO BOX 62009 BALTIMORE MD 21226 BALTIMORE MD 21226 TECHNOLOGY 166935 GUIDO PICCININI & SONS PO BOX 46 STEVENSON MD 21153 LANDSCAPING AND GROUNDS MAINTENANCE 160468 COMPREHENSIVE BUILDING SERVICES 529 ANNESLIE ROAD BALTIMORE MD 21212 CLEANING SERVICES 143465 6 1381654 184886 1381654 TUITION & FEES 611600 12842470 12842470 DEPOSITS & misc. 611600 67686 67686 MEMBERSHIP DUES 611600 26200 26200 YEARBOOK AND INKWELL 611600 9463 9463 12945819 504953 504953 32449 32449 32449 32449 3928378 3727671 200707 200707 200707 139351 177035 -37684 -37684 4848 1804 3044 3044 194898 176974 17924 17924 15048866 12945819 0 721393 1481290 1481290 593266 500274 54343 38649 6831909 5761032 625801 445076 425488 356503 37432 31553 912428 840440 43868 28120 525427 453909 39230 32288 17206 17206 192298 170956 21342 43396 43396 456114 439259 1258 15597 38706 38706 400504 291630 69128 39746 195946 182431 6168 7347 710640 684202 19394 7044 107854 100387 232 7235 98824 74217 2015 22592 530710 530710 1215320 862877 315983 36460 BAD DEBTS 677838 677838 ACTIVITIES 303511 228939 74572 MISCELLANEOUS 210007 120923 89084 15968682 12587975 2669000 711707 1120 1120 7034143 5304265 4322097 2503177 20003 61082 55279 273826 408855 46489220 9565502 33025282 36923718 22110537 25349978 747384 215320 4829158 0 72404629 70781715 3024644 1129904 1533474 1491617 19655000 18838727 652551 1614304 24865669 23074552 X 28972225 35512268 4355159 2883763 14211576 9311132 47538960 47707163 72404629 70781715 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22821478 714823 2729863 733499 25532665 30294284 591265 -8061391 2680 22821478 0.63840 0.30970 0.05190 0 0 1023004 1023004 38116294 6723778 31392516 3738397 692323 3046074 1502561 854239 648322 2108964 1295162 813802 36923718 INTEREST RATE SWAP 1614304 1614304 15048866 15968682 -919816 2041332 -953313 1088019 168203 14460718 2041332 115291 2156623 12304095 2744771 2744771 15048866 14292515 1077044 1077044 13215471 2753211 2753211 15968682 Part V, Line 4: Description of Intended Use of Endowment Funds: The long-term goal of the Endowment Funds is to achieve appreciation of assets without exposure to undue risk. The portfolio is expected to support desired spending, provide additional growth to cover operating expenses and preserve the purchasing power of the endowment assets over time. Part X: Description of Uncertain Tax Positions Under FIN 48: The School has adopted the accounting standard on accounting for uncertainty in income taxes, 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 policy, the School may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position would be sustained on examination by taxing authorities, based on the technical merits of the position. Management has evaluated the School's tax positions and has concluded that the School has taken no uncertain tax positions that require adjustment to the financial statements to comply with provisions of this guidance. The School is no longer subject to income tax examinations for the U.S. federal, state or local tax authorities for years before June 30, 2006. Part XI, Line 8 - Other Adjustments: parents & alumnae assocs activity ON THIS RETURN ON A CONSOLIDATED BASIS: 8440. LOSS ON INTEREST RATE SWAP: -961753. Part XII, Line 2d - Other Adjustments: DISCOUNT ON PLEDGES NETTED WITH REVENUE ON FINANCIAL STATEMENT: 115291. Part XII, Line 4b - Other Adjustments: FINANCIAL AID REPORTED NET ON THE FINANCIAL STATEMENT: 2016054. NET INCOME FROM PARENTS' ASSOCIATION: 10492. BAD DEBT EXPENSE: 737157. NET INCOME FROM ALUMNI ASSOCIATION: -18932. Part XIII, Line 2d - Other Adjustments: INTEREST RATE SWAP: 961753. DISCOUNT ON PLEDGES: 115291. Part XIII, Line 4b - Other Adjustments: AMOUNT NETTED ON F/S SHOWN AS EXPENSE ON 990--TUITION: 2016054. BAD DEBT EXPENSE: 737157. 1 1 1 THE NONDISCRIMINATORY POLICY MAY BE FOUND AND/OR OBTAINED ON ALL SCHOOL AND ADMISSIONS BROCHURES INCLUDING THE SCHOOL'S WEBSITE. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 BULL ROAST - ALUMNI ASSOCIATION 68344 68344 37481 GOLF OUTING - ALUMNI ASSOCIATION 22010 22010 13913 2 22287 22287 10676 112641 112641 62070 62070 50571 1 STUDENTS RECEIVING FINANCIAL AID 169 1481290 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Grant funds are only used for tuition and are applied to the students' accounts during the fiscal year the grant is awarded. X 1 1 X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER J POST 214583 0 0 0 4372 0 5970 0 47507 0 272432 0 0 0 RICHARD MCC ROSS 147518 0 0 0 0 0 10301 0 0 0 157819 0 0 0 DYSON EHRHARDT 161397 0 0 0 0 0 10648 0 13561 0 185606 0 0 0 Part I, Line 1a The headmaster receives social club dues. The dues are included in his taxable compensation. Maryland Health and Higher Educational Facilities Authority 520536091 2009-08-26 19839000 CONSTRUCTION OF MIDDLE SCHOOL FACILITY 0 1 19830000 175000 19655000 2010 1 0 1 1 0 1 0 0 0 1 0 1 1 SUNTRUST BANK 30.000000000000 0 0 0 X 14 184886 FAIR MARKET VALUE 0 1 0 Form 990, Part VI, Section B, line 11 The Form 990 information was prepared in the finance office and reviewed by the Director of Finance. the form 990 was presented to the Finance Committee for their review. A copy was provided to the governing body before it was filed with the IRS. Form 990, Part VI, Section B, line 12c Annually, all board members are given the conflict of interest policy, are required to sign an acknowledgement of receipt of the policy, and agree to comply with the policy. They have a duty to disclose any actual or possible conflict of interest. If a conflict arises, the board member will leave the meeting when the topic is being discussed and voted upon. Form 990, Part VI, Section B, line 15 The Board of Trustees reviews, documents and decides on compensation for the CEO, top management, and key employees of the school. to evaluate compensation, the board uses an independent consultant and compensation surveys. Form 990, Part VI, Section C, line 19 All governing documents, conflict of interest policy and financial statements are available upon request to the public in the Finance Office. Schedule K Supplental Information amounts listed on line 11 went for current refunding of prior debt.