2011-05-16T12:44:04-05:00 2010-06-30 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2009-07-01 521949813 MADISON STREET PROPERTIES INC MADI 4439231810 707 NORTH BROADWAY BALTIMORE MD 21205 MICHAEL J NEUMAN 4439231810 2011-05-11 1 Lori S Burghauser 4104031500 2011-05-11 2009 2016-02-24 21:20:13Z MICHAEL J NEUMAN 2931 E BIDDLE STREET BALTIMORE MD 21213 29805075 0 X WWW.KENNEDYKRIEGER.ORG X 1995 MD PROPERTY MANAGEMENT AND HOLDING COMPANY FOR TAX-EXEMPT AFFILIATES OF KENNEDY KRIEGER INSTITUTE, INC. 6 5 62 5 0 0 892722 3831114 17288174 24573262 556151 308004 902366 1092695 19639413 29805075 0 0 5256901 5974466 0 0 18320907 22368923 23577808 28343389 -3938395 1461686 152329690 163539038 153315329 166099314 -985639 -2560276 MADISON STREET PROPERTIES, INC. IS A PROPERTY HOLDING COMPANY AND IS OPERATed EXCLUSIVELY FOR THE CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF KENNEDY KRIEGER INSTITUTE AND ITS AFFILIATES. MADISON STREET PROPERTIES OWNS ALL REAL PROPERTY AND LEASEHOLD RIGHTS OF THE AFFILIATED CORPORATIONS. IT LEASES/SUBLEASES THIS PROPERTY BACK TO EACH CORPORATE MEMBER OCCUPYING SPACE AND ALSO PROVIDES PROPERTY MANAGEMENT SERVICES, INCLUDING SECURITY, HOUSEKEEPING AND OTHER ANCILLARY FACILITIES MANAGEMENT SERVICES. 0 0 24464633 0 24573262 THE ORGANIZATION SERVES AS A PROPERTY MANAGEMENT AND HOLDING COMPANY FOR ALL OF THE TAX-EXEMPT AFFILIATES OF KENNEDY KRIEGER INSTITUTE, INC. 24464633 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 62 1 0 0 0 0 0 0 0 0 0 6 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL J NEUMAN 4439231810 2931 E BIDDLE STREET BALTIMORE MD 21213 MICHAEL BATZA JR 1.00 X 0 0 0 H WILLIAM ACKER 1.00 X 0 0 0 ANNETTE MERZ 1.00 X 0 0 0 FRED MIRMIRAN 1.00 X 0 0 0 ANTHONY ROGERS 1.00 X 0 0 0 GARY W GOLDSTEIN MD 40.00 X 207582 836340 18738 JAMES M ANDERS JR 40.00 X 145877 560893 18738 MICHAEL J NEUMAN 40.00 X 59033 226984 18738 MICHAEL B LOUGHRAN 40.00 X 0 224391 16306 FRANK UPDIKE 40.00 X 212584 0 16009 625076 1848608 88529 3 0 1 0 WHITING-TURNER CONTRACTING 300 EAST JOPPA ROAD BALTIMORE MD 21286 CONSTRUCTION MANAGEMENT 3844152 AMERICAN BUILDING MAINTENANCE 1700 SPRING GARDEN STREET PHILADELPHIA PA 19130 BUILDING MANAGEMENT 874643 ABACUS CORPORATION 3114 W MARSHALL STREET RICHMOND VA 23230 SECURITY SERVICE 475639 BLAIR & SONS CO 2223 YORK ROAD TIMONIUM MD 21094 CONSTRUCTION 422820 NAY TY 4016 W STRATHMORE AVENUE BALTIMORE MD 21215 JANITORIAL SERVICE 414839 7 3831114 3831114 PROPERTY RENTAL 531310 24573262 24573262 24573262 308004 308004 93231 93231 93231 93231 PARKING FEES 531390 999464 999464 999464 29805075 24573262 0 1400699 757264 340769 416495 4040402 2368865 1671537 381938 275575 106363 516546 369572 146974 278316 196773 81543 73812 73812 49848 49848 1276023 892116 383907 31826 31826 1728534 1503727 224807 4839391 4839391 25733 8486 17247 2416459 2416459 8828004 8828004 217403 217403 JANITORIAL 1531602 1531290 312 SECURITY 640358 640358 MISCELLANEOUS 514617 91629 422988 PERMITS, LICENSES & DUE 176785 150007 26778 NON-CAPITAL EQUIPMENT 17055 11612 5443 1473 1473 28343389 24464633 3878756 0 193446801 58261284 139745631 135185517 8081546 0 4502513 28353521 152329690 163539038 2629029 399521 82321230 82955098 68365070 82744695 153315329 166099314 X -985639 -2560276 -985639 -2560276 152329690 163539038 X 0 1 1 X 0 X X X 0 0 0 KENNEDY KRIEGER CHILDREN'S HOSPITAL 520607971 501(C)(3) 1 1 1 13549689 HUGO W MOSER RESEARCH INSTITUTE AT KENNEDY KRIEGER INC 521524967 501(C)(3) 1 1 1 5136246 KENNEDY KRIEGER ASSOCIATES INC 521633229 501(C)(3) 1 1 1 0 PACT HELPING CHILDREN WITH SPECIAL NEEDS INC 521230183 501(C)(3) 1 1 1 308478 KENNEDY KRIEGER EDUCATION & COMMUNITY SERVICES INC 521753040 501(C)(3) 1 1 1 5335753 KENNEDY KRIEGER FOUNDATION INC 521734695 501(C)(3) 1 1 1 134467 NATIONAL CENTER FOR LEARNING AND DEVELOPMENT INC 582327952 501(C)(3) 1 1 1 0 7 24464633 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4589803 4589803 157943505 37692352 120251153 2109942 1775460 334482 27942189 18793472 9148717 861362 861362 135185517 DEFERRED FINANCING COSTS 2945475 DUE FROM AFFILIATES 16376164 DEBT SERVICE RESERVE FUNDS 6278266 DEBT SERVICE FUNDS 2753616 28353521 DUE TO AFFILIATES 75305217 MARKET VALUE OF INTEREST RATE SWAP 6719606 ACCRUED BOND INTEREST/PRINC PAYABLE 719872 82744695 29805075 28343389 1461686 -3036323 -3036323 -1574637 Part X: Description of Uncertain Tax Positions Under FIN 48: MADISON STREET PROPERTIES, INC. WAS INCLUDED IN AN AUDIT OF THE CONSOLIDATED GROUP KNOWN AS KENNEDY KRIEGER INSTITUTE, INC. AND SUBSIDIARIES. AN AUDIT WAS PERFORMED AND AUDITED FINANCIAL STATEMENTS WERE ISSUED FOR KENNEDY KRIEGER INSTITUTE, INC. AND SUBSIDIARIES ON A CONSOLIDATED BASIS. AUDITED FINANCIAL STATEMENTS WERE NOT PREPARED ON A SEPARATE BASIS FOR EACH ENTITY. FOR THE YEAR ENDED JUNE 30, 2010 THERE WAS NO NOTE DISCLOSURE FOR ASC-740 IN THE CONSOLIDATED FINANCIAL STATEMENTS. Part XI, Line 8 - Other Adjustments: UNREALIZED LOSS ON INTEREST RATE SWAP: -3036323. X 1 1 X X X 0 0 0 0 0 0 0 0 0 GARY W GOLDSTEIN MD 84842 364408 51600 198400 71140 273532 2528 9722 1339 5149 211449 851211 0 0 JAMES M ANDERS JR 66048 253952 37152 142848 42677 164093 2528 9722 1339 5149 149744 575764 0 0 MICHAEL J NEUMAN 41436 159322 7224 27776 10373 39886 2528 9722 1339 5149 62900 241855 0 0 MICHAEL B LOUGHRAN 0 156683 0 16000 0 51708 0 9818 0 6488 0 240697 0 0 FRANK UPDIKE 150575 0 20000 0 42009 0 9521 0 6488 0 228593 0 0 0 Part I, Line 1a CERTAIN OFFICERS AND KEY EMPLOYEES WERE PROVIDED ADDITIONAL COMPENSATION TO OFFSET THE IMPACT OF executive life insurance and long term disability premiums made on their behalf. This benefit was treated as taxable compensation to these individuals. MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY - SERIES 2003 520936091 574217JW6 2003-05-07 24309684 CONSTRUCTION OF A PARKING GARAGE. 0 0 MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY - SERIES 2006 520936091 574217P74 2006-11-15 52125000 CONSTRUCTION OF 2 BUILDINGS ALONG WITH REFUNDING OF 1993 & 1997 BONDS. 0 0 24309684 2176009 474867 21658718 2004 0 0 1 1 52150000 2925987 11196271 584463 35216230 2009 1 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 1 1 WELLS FARGO 30.000000000000 0 0 0 Form 990, Part VI, Section A, line 6 THE SOLE STOCKHOLDER OF THE ORGANIZATION IS THE KENNEDY KRIEGER FOUNDATION, INC., A SECTION 501(C)(3) ENTITY. Form 990, Part VI, Section A, line 7a THE SOLE STOCKHOLDER OF THE ORGANIZATION IS THE KENNEDY KRIEGER FOUNDATION, INC., A SECTION 501(C)(3) ENTITY. THE KENNEDY KRIEGER FOUNDATION, INC. HAS THE POWER AND RESPONSIBILITY TO ELECT AND REMOVE THE BOARD OF DIRECTORS AND OFFICERS OF THE CORPORATION. Form 990, Part VI, Section A, line 7b THE SOLE STOCKHOLDER OF THE ORGANIZATION IS THE KENNEDY KRIEGER FOUNDATION, INC. THE KENNEDY KRIEGER FOUNDATION, INC. HAS THE POWER AND RESPONSIBILITY TO APPROVE DECISIONS OF THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, line 11 THE IRS FORM 990 WAS DIRECTLY REVIEWED BY the FINANCE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO FILING. THE FORM 990 WAS ALSO MADE AVAILABLE TO THE ENTIRE BOARD OF DIRECTORS prior to filing. Form 990, Part VI, Section B, line 12c THE CONFLICT OF INTEREST POLICY REQUIRES THE ANNUAL DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST WITH BOARD MEMBERS. CONFLICTS BROUGHT TO THE BOARD MEMBERS ATTENTION ARE THEN REVIEWED TO DETERMINE THE MATERIALITY OF THE ISSUE AND ADDRESSED ACCORDINGLY. Form 990, Part VI, Section B, line 15 THE PRESIDENT/CEO AND OTHER SENIOR EXECUTIVES' COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. INDEPENDENTLY DEVELOPED EXECUTIVE COMPENSATION SURVEYS ARE USED TO DETERMINE REASONABLENESS OF COMPENSATION LEVELS. THE EXECUTIVE COMPENSATION COMMITTEE APPROVES THE SENIOR EXECUTIVE COMPENSATION. Form 990, Part VI, Section C, line 19 MADISON STREET PROPERTIES' GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, CERTAIN FINANCIAL DOCUMENTS ARE AVAILABLE THROUGH THE ORGANIZATION'S WEBSITE. A COPY OF THE FORM 990 IS ALSO AVAILABLE VIA WWW.GUIDESTAR.ORG. FORM 990, PAGE 12, PART XI, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART IV, LN 24: THE MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITY AUTHORITY SERIES 2006 BONDS WERE CONVERTED FROM AUCTION RATE DEBT TO VARIABLE RATE DEBT ON 2/28/2008. THE NEW CUSIP # IS 574217P74. FORM 990, PAGE 7, PART VII, SECTION A: The officers, directors and key employees' hours represent the hours dedicated to this organization and all related Kennedy Krieger organizations FORM 990, SCHEDULE K, PART IV, LINE 1: THE 8038-T WAS NOT FILED FOR THE SERIES 2003 BONDS AS THE REBATE LIABILITY CALCULATION WAS COMPUTED, AND THERE WAS NO LIABILITY AND NO PAYMENT TO THE IRS REQUIRED. THE 8038-T IS NOT YET REQUIRED FOR THE SERIES 2006 BONDS AS THE FIVE-YEAR PERIOD HAS NOT TOLLED. FORM 990, PAGE 5, PART V, LINE 2 & FORM 990, PAGE 7, SECTION A: THE CONSOLIDATED GROUP KNOWN AS KENNEDY KRIEGER INSTITUTE, INC. UTILIZES A COMMON PAYMASTER AS DEFINED IN REGULATIONS SEC. 31.3121(S)-1(B) FOR PAYMENT OF WAGES AND BENEFITS TO ALL OFFICERS, DIRECTORS AND EMPLOYEES. ALL FORMS W-2 AND W-3 ARE TRANSMITTED TO THE IRS IN THE NAME OF KENNEDY KRIEGER CHILDREN'S HOSPITAL (EIN:52-0607971). KENNEDY KRIEGER INSTITUTE INC 707 N BROADWAY BALTIMORE MD 21205 521524965 PARENT ORGANIZATION TO RELATED ENTITIES; SUPPORTS HEALTHCARE MD 501(C)(3) 11B TYPE II N/A HUGO W MOSER RESEARCH INSTITUTE AT KENNEDY KRIEGER INC 707 N BROADWAY BALTIMORE MD 21205 521524967 BIO-MEDICAL RESEARCH MD 501(C)(3) 4 KENNEDY KRIEGER INSTITUTE INC KENNEDY KRIEGER CHILDREN'S HOSPITAL INC 707 N BROADWAY BALTIMORE MD 21205 520607971 SPECIALTY HEALTHCARE FOR CHILDREN MD 501(C)(3) 3 KENNEDY KRIEGER INSTITUTE INC KENNEDY KRIEGER EDUCATION & COMMUNITY SERVICES INC 707 N BROADWAY BALTIMORE MD 21205 521753040 SPECIAL EDUCATION SCHOOLS AND COMMUNITY SUPPORT PROGRAMS MD 501(C)(3) 7 KENNEDY KRIEGER INSTITUTE INC KENNEDY KRIEGER ASSOCIATES INC 707 N BROADWAY BALTIMORE MD 21205 521633229 SUPPORTS KENNEDY KRIEGER INSTITUTE AND ITS AFFILIATES MD 501(C)(3) 11A TYPE I KENNEDY KRIEGER INSTITUTE INC KENNEDY KRIEGER FOUNDATION INC 707 N BROADWAY BALTIMORE MD 21205 521734695 RAISES FUNDS TO SUPPORT KENNEDY KRIEGER INSTITUTE AND ITS AFFILIATES MD 501(C)(3) 7 KENNEDY KRIEGER INSTITUTE INC NATIONAL CENTER FOR LEARNING & DEVELOPMENT INC 1920 Briarcliff Road Atlanta GA 30329 582327952 MEDICAL AND EDUCATIONAL SERVICES TO CHILDREN WITH SPECIAL NEEDS GA 501(C)(3) 9 KENNEDY KRIEGER INSTITUTE INC PACT HELPING CHILDREN WITH SPECIAL NEEDS INC 7000 TUDSBURY ROAD BALTIMORE MD 21244 521230183 MEDICAL DAY CARE AND OTHER SERVICES FOR CHILDREN WITH SPECIAL NEEDS MD 501(C)(3) 7 KENNEDY KRIEGER INSTITUTE INC CHESAPEAKE REHAB EQUIPMENT INC 2700 LORD BALTIMORE DRIVE BALTIMORE MD 21244 521575791 DISTRIBUTOR OF REHABILITATION EQUIPMENT MD N/A C 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0