2024-04-10T09:36:59-05:00 2023-07-31 921472936 ADEPTUS ADVISORS LLC 3311 OLNEY SANDY SPRING RD OLNEY MD 208321411 990 2022-08-01 201337670 SILVER SPRING DAY SCHOOL INC SILV 3015936581 33 UNIVERSITY BOULEVARD EAST SILVER SPRING MD 20901 YLLA BISHOP EXECUTIVE DIRECTOR 3015936581 2024-04-03 1 YLLA BISHOP 999009999 0 NEIL E BERGER P00102223 3019299700 2024-04-03 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z YLLA BISHOP 33 UNIVERSITY BOULEVARD EAST SILVER SPRING MD 20901 1628686 0 X SILVERSPRINGDAYSCHOOL.ORG X 2005 MD SILVER SPRING DAY SCHOOL IS A COMMUNITY OF PRESCHOOLERS, FAMILIES, AND EARLY CHILDHOOD EDUCATORS WHO WORK TO DEVELOP THE WHOLE CHILD THROUGH A CURRICULUM BASED IN EXPLORATION AND PLAY. TOGETHER, WE FOSTER AN ENVIRONMENT WHERE CHILDREN, FAMILIES, AND EDUCATORS SHARE IN THE JOURNEY OF LIFE-LONG LEARNING. 11 11 41 260 0 0 105520 106273 1266130 1483452 2568 12538 22861 11232 1397079 1613495 0 0 0 0 955374 1137847 0 0 30951 370764 398454 1326138 1536301 70941 77194 1238264 2458891 640274 1783707 597990 675184 X SILVER SPRING DAY SCHOOL IS A COMMUNITY OF PRESCHOOLERS, FAMILIES, AND EARLY CHILDHOOD EDUCATORS WHO WORK TO DEVELOP THE WHOLE CHILD THROUGH A CURRICULUM BASED IN EXPLORATION AND PLAY. TOGETHER, WE FOSTER AN ENVIRONMENT WHERE CHILDREN, FAMILIES, AND EDUCATORS SHARE IN THE JOURNEY OF LIFE-LONG LEARNING. 0 0 1093477 1483452 THE SCHOOL HAS BEEN SUCCESSFUL IN EDUCATING PRESCHOOL AGED CHILDREN, WHICH IS OF PARAMOUNT IMPORTANCE. THE SCHOOL HAS ALSO CONTRIBUTED TO THE OVERALL DEVELOPMENT OF EACH CHILD BY PROVIDING THE HIGHEST QUALITY EDUCATION. 140 STUDENTS WERE ENROLLED FOR THE SCHOOL YEAR ENDED JULY 31, 2023. 1093477 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 41 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 MD X YLLA BISHOP 3015936581 33 UNIVERSITY BOULEVARD EAST SILVER SPRING MD 20901 YLLA BISHOP EXECUTIVE DIRECTOR 40.00 X 93385 0 2801 BOB APPELBY BOARD MEMBER 1.00 X 0 0 0 BRITTANY WOLFISH BOARD MEMBER 1.00 X 0 0 0 CLAIRE SHARP BOARD MEMBER 1.00 X 0 0 0 JOY MOORE BOARD MEMBER 1.00 X 0 0 0 MARY VASSE BOARD MEMBER 1.00 X 0 0 0 RAQUEL FARAH BOARD MEMBER 1.00 X 0 0 0 ROBIN JULIANO BOARD MEMBER 1.00 X 0 0 0 EVAN LUSTER PRESIDENT 5.00 X X 0 0 0 SHANNON SANDERS VICE PRESIDENT 2.00 X X 0 0 0 MATT CRAFT TREASURER 2.00 X X 0 0 0 KINISHA GALA SECRETARY 2.00 X X 0 0 0 93385 0 2801 0 0 0 0 0 10409 90366 5498 106273 TUITION AND FEES 611600 1483452 1483452 1483452 12538 12538 7256 0 7256 7256 7256 19167 10409 15191 3976 3976 1613495 1483452 0 23770 96362 68940 24929 2493 921902 656385 241380 24137 13611 9738 3521 352 16835 12044 4355 436 89137 63771 23060 2306 12954 12954 45210 11147 34063 510 510 2244 2244 188621 182774 5847 1997 300 1697 11065 7414 3320 331 SUPPLIES 58706 58706 BANK CHARGES 27094 27094 EQUIPMENT RENTAL AND MA 25442 8396 17046 COMMUNICATIONS 12847 8607 3854 386 11764 5255 6509 1536301 1093477 411873 30951 541588 360375 273166 373250 40664 1249 1249 244242 238368 7871 5874 402390 414844 12000 1262635 1238264 2458891 57004 72188 564797 477740 18473 1233779 640274 1783707 X 597990 669686 5498 597990 675184 1238264 2458891 77194 0 X 1 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 205747 205747 0 38495 32621 5874 5874 INSURANCE ANNUITY CONTRACTS 414844 F 414844 AMOUNT DUE FROM LANDLORD 48750 RIGHT-OF-USE ASSET (NET OF ACCUMULATED AMORTIZATION) 1201885 SECURITY DEPOSIT 12000 1262635 LEASE OBLIGATIONS - OPERATING 1233779 1233779 X PART X, LINE 2: THE SCHOOL'S MANAGEMENT EVALUATES TAX POSITIONS AND RECOGNIZES A TAX LIABILITY IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SCHOOL'S MANAGEMENT HAS ANALYZED ITS TAX POSITIONS, AND HAS CONCLUDED THAT AS OF JULY 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ON AN ONGOING BASIS, THE NON-DISCRIMINATION POLICY IS ADVERTISED ON OUR WEBSITE, ALL APPLICATION MATERIALS, EMPLOYMENT MATERIALS, AND LINKED IN OUR MONTHLY SCHOOL NEWSLETTER. SCHEDULE E, PART I, LINE 4 SSDS DOES NOT AWARD SCHOLARSHIPS. SSDS HAS A TUITION ASSISTANCE FUND. SSDS USES MARYLAND STATE DEPARTMENT OF EDUCATION (MSDE) CHILD CARE SCHOLARSHIP INCOME CATEGORIES TO DETERMINE ELIGIBILITY FOR OUR TUITION ASSISTANCE. PLANT SALE 13394 13394 5753 SPRING CELEBRATION 5705 5705 5705 3 10477 10409 68 3733 29576 10409 19167 15191 15191 3976 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE OUTSIDE ACCOUNTANTS. WHEN A FINAL COPY OF THE FORM 990 IS RECEIVED BY THE SCHOOL, ALL BOARD MEMBERS ARE REQUIRED TO REVIEW THE FORM 990 AND NOTE ANY INCONSISTENCIES ON THE FORM 990. AFTER APPROVAL OF THE RETURN, THE FORM 990 IS THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C WHENEVER THERE IS REASON TO BELIEVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS BETWEEN SILVER SPRING DAY SCHOOL AND AN INTERESTED PARTY, THE EXECUTIVE DIRECTOR, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OR THE BOARD OF DIRECTORS SHALL DETERMINE THE APPROPRIATE ORGANIZATIONAL RESPONSE. THE FOLLOWING PROCEDURES SHALL BE FOLLOWED WITH RESPECT TO A SPECIFIC PROPOSED ACTION OR TRANSACTION: WHERE AN ACTUAL OR POTENTIAL CONFLICT EXISTS BETWEEN THE INTERESTS OF SILVER SPRING DAY SCHOOL AND AN INTERESTED PARTY WITH RESPECT TO A SPECIFIC PROPOSED ACTION OR TRANSACTION, SILVER SPRING DAY SCHOOL SHALL REFRAIN FROM THE PROPOSED ACTION OR TRANSACTION UNTIL SUCH TIME AS THE PROPOSED ACTION OR TRANSACTION HAS BEEN APPROVED BY THE APPROPRIATE PERSON OR PEOPLE AS DESCRIBED IN THIS POLICY. AN INTERESTED PARTY WHO HAS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO A PROPOSED ACTION OR TRANSACTION OF THE CORPORATION SHALL NOT PARTICIPATE IN ANY WAY IN, OR BE PRESENT DURING, THE DELIBERATIONS AND DECISION MAKING OF THE SCHOOL WITH RESPECT TO SUCH ACTION OR TRANSACTION. THE INTERESTED PARTY MAY, UPON REQUEST, BE AVAILABLE TO ANSWER QUESTIONS OR PROVIDE MATERIAL FACTUAL INFORMATION ABOUT THE PROPOSED ACTION OR TRANSACTION. WHERE THE ACTUAL OR POTENTIAL CONFLICT INVOLVES AN EMPLOYEE OF THE SCHOOL OTHER THAN THE EXECUTIVE DIRECTOR AND AN AMOUNT OF MONEY EQUALING $5,000 OR LESS, THE EXECUTIVE DIRECTOR SHALL, IN THE FIRST INSTANCE, BE RESPONSIBLE FOR REVIEWING THE MATTER AND MAY TAKE APPROPORAITE ACTION AS NECESSARY TO PROTECT THE INTERESTS OF THE SCHOOL. THE EXECUTIVE DIRECTOR SHALL REPORT TO THE PRESIDENT THE RESULTS OF ANY ACTION TAKEN. THE PRESIDENT, AT HIS/HER DISCRETION MAY CONSULT WITH THE EXECUTIVE COMMITTEE TO DETERMINE IF FURTHER BOARD REVIEW OR ACTION IS REQUIRED. WHERE THE ACTUAL OR POTENTIAL CONFLICT INVOLVES THE EXECUTIVE DIRECTOR OR A MEMBER OF THE BOARD OF DIRECTORS AND AN AMOUNT OF MONEY EQUALING $5,000 OR LESS, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL BE RESPONSIBLE FOR REVIEWING THE MATTER AND MAY TAKE APPROPRIATE ACTION AS NECESSARY TO PROTECT THE INTERESTS OF THE SCHOOL. THE PRESIDENT SHALL REPORT TO THE FULL BOARD OF DIRECTORS THE RESULTS OF ANY REVIEW AND THE ACTION TAKEN. WHERE THE ACTUAL OR POTENTIAL CONFLICT INVOLVES AN AMOUNT OF MONEY THAT EXCEEDS $5,000, THE BOARD OF DIRECTORS SHALL BE RESPONSIBLE FOR REVIEWING THE MATTER AND MAY TAKE APPROPRIATE ACTION AS NECESSARY TO PROTECT THE INTERESTS OF THE SCHOOL. THE DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS MAY APPROVE THE PROPOSED ACTION OR TRANSACTION UPON FINDING IT IS IN THE BEST INTEREST OF THE SCHOOL. THE BOARD SHALL CONSIDER WHETHER THE TERMS OF THE PROPOSED TRANSACTION ARE FAIR AND REASONABLE TO THE SCHOOL AND WHETHER IT WOULD BE POSSIBLE, WITH A REASONABLE EFFORT, TO FIND A MORE ADVANTAGEOUS ARRANGEMENT WITH A PARTY OR ENTITY THAT IS NOT AN INTERESTED PARTY. APPROVAL BY THE DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS SHALL BE BY VOTE OF A MAJORITY OF DIRECTORS IN ATTENDANCE AT A MEETING WHICH A QUORUM IS PRESENT. AN INTERESTED PARTY SHALL NOT BE COUNTED FOR PURPOSES OF DETERMINING WHETHER A QUORUM IS PRESENT, OR FOR DETERMINING WHAT CONSTITUTES A MAJORITY VOTE OF DIRECTORS IN ATTENDANCE. THE MINUTES OF THE MEETING SHALL REFLECT THAT THE CONFLICT DISCLOSURE WAS MADE, THE VOTE TAKEN AND, WHERE APPLICABLE, THE ABSTENTION FROM VOTING AND PARTICIPATION BY THE INTERESTED PARTY. FORM 990, PART VI, SECTION B, LINE 15A THE DIRECTOR'S COMPENSATION IS APPROVED BY THE BOARD AS PART OF THE ANNUAL BUDGET PROCESS. THE BOARD DID A COMPENSATION STUDY IN RECENT YEARS AND ADJUSTS IT FOR INFLATION. ANOTHER COMPENSATION STUDY WILL TAKE PLACE IN THE NEAR FUTURE. THE REVIEW IS CONDUCTED BY BOARD MEMBERS WHO THEN REPORT THEIR FINDINGS TO THE BOARD. THE DIRECTOR'S INCREASE IN SALARY IS INCLUDED AS PART OF THE GENERAL INCREASE FOR ALL STAFF, AND THESE INCREASES WERE APPROVED BY THE BOARD AS A WHOLE. ALL DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ELECTRONICALLY UPON REQUEST. THEY ARE ALSO AVAILABLE ON THE GUIDESTAR WEBSITE.