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 520591516 GARRISON FOREST SCHOOL INC GARR 4103631500 300 GARRISON FOREST SCHOOL OWINGS MILLS MD 21117 william s hodgetts 4103631500 2011-04-26 1 JULIA FLANNERY 4102469300 2009 2016-02-24 21:20:13Z peter o'neill 300 GARRISON FOREST SCHOOL OWINGS MILLS MD 21117 23677907 0 X www.gfs.org X 1939 MD At Garrison Forest School, we prepare our students in and out of the classroom to thrive in a complex and changing world. 30 30 272 150 205205 -90941 5276693 4026212 17208395 17203863 35873 -1443392 -8144 17068 22512817 19803751 2191510 2609258 0 10668993 10332226 0 757689 9294944 8969239 22155447 21910723 357370 -2106972 66750355 70527905 18029602 19235241 48720753 51292664 At Garrison Forest School, we prepare our students in and out of the classroom to thrive in a complex, changing world by: challenging them to strive for academic excellence and to grow into informed, independent, and creative thinkers; cultivating an authentic and resilient sense of self, grounded in respect and integrity; creating a diverse and inclusive community built on a spirit of caring; inspiring young women to lead and to serve with passion, purpose, and joy. 0 0 12407471 2609258 15469670 EDUCATIONAL AND GENERAL: INCLUDES INSTRUCTION, STUDENT SUPPORT SERVICES AND PLANT MAINTENANCE TO SERVE 675 STUDENTS AT THE SCHOOL. 3188975 1528988 AUXILIARY ENTERPRISES: INCLUDES STUDENT ACTIVITIES, SUMMER ACTIVITIES AND STABLES. ACTIVITIES ARE AVAILABLE TO ALL STUDENTS. SOME ACTIVITIES ARE AVAILABLE TO THE GENERAL PUBLIC. 15596446 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 90 0 1 272 1 1 1 1 VI CJ 0 0 0 0 0 0 0 30 30 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X STACY mohn CONTROLLER 4105593142 300 GARRISON FOREST ROAD owings mills MD 21117 LILA BOyCE LOHR 2.00 X X 0 0 0 Carroll Dawbarn 2.00 X X 0 0 0 David DiPietro 2.00 X X 0 0 0 Amabel Boyce James 2.00 X X 0 0 0 Timothy T Weglicki 2.00 X X 0 0 0 WILLIAM L YERMAN 2.00 X 0 0 0 Diana Warfield Daly 2.00 X 0 0 0 Mathias J De Vito 2.00 X 0 0 0 Jeffrey W Durkee 2.00 X 0 0 0 Stacy Garrett-Ray 2.00 X 0 0 0 Kimberly W Gordon 2.00 X 0 0 0 R Dixon Harvey Jr 2.00 X 0 0 0 Molly Mundy Hathaway 2.00 X 0 0 0 Sarah LeBrun Ingram 2.00 X 0 0 0 Catherine Y Jackson 2.00 X 0 0 0 Sarah Griswold Johnson 2.00 X 0 0 0 Ira H Malis 2.00 X 0 0 0 EMILY GARDNER BARATTA 2.00 X 0 0 0 Gregory C Pinkard 2.00 X 0 0 0 Susan Obrecht Riehl 2.00 X 0 0 0 SARA N BLEICH 2.00 X 0 0 0 FRANK A BONSAL 2.00 X 0 0 0 Sarah Crosby Schweizer 2.00 X 0 0 0 Elizabeth Searle 2.00 X 0 0 0 Caroline Rinehart Stewart 2.00 X 0 0 0 Elizabeth Garland WilmERDING 2.00 X 0 0 0 Tiffany Zappulla 2.00 X 0 0 0 ROBERT S BRENNEN 2.00 X 0 0 0 R TODD RUpPERT 2.00 X 0 0 0 WILLIAM PARRISH 2.00 X 0 0 0 PETER O'NEILl 40.00 X 273952 0 91817 WILLIAM HODGETTS 40.00 X 158899 0 37362 DEANNA URNER 40.00 X 101794 0 13705 MELINDA BIHN 40.00 X 110653 0 6690 645298 0 149574 4 0 1 0 SAGE DINING SERVICES 222 BOSLEY AVENUE BALTIMORE MD 21204 CONTRACT WORK 739489 GLEN ARM BUILDING CO LLC 658 KENILWORTH DRIVE SUITE 10 TOWSON MD 21204 CONSTRUCTION 662894 MILES & STOCKBRIDGE 10 LIGHT ST BALTIMORE MD 21202 LEGAL SERVICES 106661 3 4026212 505029 4026212 STUDENT TUITION FEES 900099 15236686 15236686 HORSE & STABLE INCOME 713990 730697 525492 205205 SCHOLARSHIPS 900099 214766 214766 eXT. & DAY CARE PROG. 900099 144151 144151 CAFETERIA 722210 79272 79272 798291 798291 17203863 564583 564583 1705088 3713063 -2007975 -2007975 -2007975 178161 161093 17068 17068 19803751 16919386 205205 -1347052 2609258 2609258 571473 404352 150511 16610 7915554 5069051 2317791 528712 470211 326656 143555 682159 449959 232200 692829 500500 192329 132079 132079 44173 44173 33391 33391 384688 363430 21258 1359053 1122202 169607 67244 262251 29183 233068 1130817 1130817 20882 18718 2164 15787 15787 380302 368298 12004 1424653 854792 569861 252606 252606 STABLE 839928 839928 CAFETERIA 684871 684871 CENTENNIAL CAMPAIGN EXP 229112 229112 SECURITY 216621 216621 LIBRARY 176566 176566 1381459 632078 606422 142959 21910723 15596446 5556588 757689 2500 2500 1385948 2249858 3332936 3006476 224968 329997 47454 37454 47414731 17882671 30882780 29532060 27274753 31394902 2082482 2014035 1516534 1960623 66750355 70527905 1505523 1444756 2656158 3704343 13000372 12877526 867549 1208616 18029602 19235241 X 17355784 16330307 8758636 10506390 22606333 24455967 48720753 51292664 66750355 70527905 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25476170 1849634 3368473 1379930 29314347 35381395 653689 -9144074 1414840 25476170 0.83420 0.16580 0 0 614655 614655 42954644 14226927 28727717 3845432 3655744 189688 29532060 LINE OF CREDIT 409194 INTEREST RATE SWAP CONTRACT 799422 1208616 19803751 21910723 -2106972 5019950 -341067 4678883 2571911 22342145 5019950 161093 5181043 17161102 33391 2609258 2642649 19803751 19770234 502160 502160 19268074 33391 2609258 2642649 21910723 Part V, Line 4: Description of Intended Use of Endowment Funds: The School's Finance Committee will establish the specific dollar amount that the fund wiLL be expected to generate to contribute to the School's operating fund for the next fiscal year. The draw from the endowment, or spending rate, is 4.0%. Part X: Description of Uncertain Tax Positions Under FIN 48: The School has adopted the 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-that-not that the tax position would be sustained on examination by taxing authorities, based on 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, 2007. Part XI, Line 8 - Other Adjustments: unrealized loss on interest rate swap: -341067. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD AMOUNTS NETTED WITH REVENUE: 161093. Part XII, Line 4b - Other Adjustments: FINANCIAL AID AMOUNTS NETTED ON FINANCIAL STATEMENTS: 2609258. Part XIII, Line 2d - Other Adjustments: COST OF GOODS SOLD AMOUNTS NETTED WITH REVENUE: 161093. UNREALIZED LOSS ON SWAP AGREEMENT: 341067. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID AMOUNTS NETTED ON FINANCIAL STATEMENTS: 2609258. 1 1 1 THE BALTIMORE INDEPENDENT SCHOOL CONSORTIUM PUBLISHES ANNUALLY IN THE LOCAL NEWSPAPERS AN ANNOUNCEMENT LISTING THE NAMES OF ALL MEMBER SCHOOLS, WHICH PUTS FORWARD OUR UNIFIED NON- DISCRIMINATORY POLICY. GARRISON IS LISTED IN THIS ANNOUNCEMENT 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 FINANCIAL AID 192 2609258 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: gfs has both paper and electronic files. GFS uses FACTS, a supplemental form, pay stubs, tax returns and W-2's to help evaluate the financial need of families. The previous year's tax return is used in the initial decision but the amount awarded is contingent upon receipt and review of the current year's tax return. If there is a significant discrepency between the information a family provided and the current tax return, an award would be adjusted accordingly. Families are notified in an award letter the amount that will be applied towards their tuition. A report is sent to the Business Office with these awards and are applied to the student's account. Updates / new additions are sent to the Business Office as needed. X 1 1 X X 0 0 0 0 0 0 0 0 0 PETER O'NEILl 273952 0 0 0 0 0 30850 0 61051 0 365853 0 0 0 WILLIAM HODGETTS 158899 0 0 0 0 0 29268 0 8178 0 196345 0 0 0 Part I, Line 1a The head of school recieves A HOUSING ALLOWANCE. the amount is not included in his taxable compensation. Baltimore County MD Economic Development Revenue Bonds GFS PROJECT 520591516 059136AY7 2006-10-01 17000000 CONSTRUCTION 0 1 12669745 4200000 117700 1 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 PETER O'NEILL X 100000 30000 0 1 1 30000 X 19 505029 SELLING PRICE 0 0 0 Form 990, Part VI, Section A, line 2 Board member Greg Pinkard AND Board member Susan Riehl HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Section B, line 11 A copy of the final draft of the 990 will be distributed and reviewed in the Finance Committee, then subsequently presented and reviewed by the full Board. Form 990, Part VI, Section B, line 12c Every Board member must read and sign a Conflict of Interest Statement annually. The Head of School's assistant is responsible for the distribution and tracking of this document. Form 990, Part VI, Section B, line 15a In determining the compensation level for the Head of School, local and national comparable statistics and data are gathered, reviewed, documented, and approved by the Executive Committee of the Board. Form 990, Part VI, Section C, line 19 THESE documents are available to the public upon request.