2024-05-14T20:12:50-05:00 2023-06-30 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2022-07-01 540673568 THE LANGLEY SCHOOL INC LANG 7033561920 1411 BALLS HILL ROAD MCLEAN VA 221013499 GREG BOKMAN CHIEF FINANCIAL OFFICER 7033561920 2024-05-08 1 GREG BOKMAN XXX-XX-XXXX 0 MEREDITH BELL P01696827 8042822121 2024-05-07 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHELE CLAEYS 1411 BALLS HILL ROAD MCLEAN VA 221013499 24412728 0 X WWW.LANGLEYSCHOOL.ORG X 1942 VA TO PROVIDE EDUCATION TO PRESCHOOL THROUGH 8TH GRADE STUDENTS. 15 14 161 100 0 0 4850362 1295291 21115983 22120787 314507 569277 100962 213944 26381814 24199299 2277997 2120312 0 0 14067768 14424550 0 0 741835 4340766 5753202 20686531 22298064 5695283 1901235 77858701 87242261 34021634 40445333 43837067 46796928 THE LANGLEY SCHOOL FOSTERS PURPOSEFUL INQUIRY-BASED AND SOCIAL-EMOTIONAL LEARNING FOR CHILDREN IN PRESCHOOL THROUGH GRADE EIGHT IN A JOYFUL, CONNECTED COMMUNITY. WE EMPOWER ALL STUDENTS AS CURIOUS, CONFIDENT, AND RESILIENT LEADERS, THINKERS, AND CREATORS. 0 0 17498661 2120312 22120787 OPERATION OF A PRIVATE SCHOOL FOR GRADES PRESCHOOL THROUGH 8TH SERVING OVER 500 STUDENTS. 17498661 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 19 0 1 161 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 14 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 VA X GREG BOKMAN 7033561920 1411 BALLS HILL ROAD MCLEAN VA 221013499 SARA MAGNER CHAIR 2.00 X X 0 0 0 DENISE HASELHORST VICE CHAIR/TREASURER 2.00 X X 0 0 0 ALISTAIR MILLER SECRETARY 2.00 X X 0 0 0 I-MIN CHAO BOARD MEMBER 2.00 X 0 0 0 ARIANA DIMEO BOARD MEMBER 2.00 X 0 0 0 JOHN GILLILAND BOARD MEMBER 2.00 X 0 0 0 DAVID HALWIG BOARD MEMBER 2.00 X 0 0 0 RUCHI JALLA BOARD MEMBER 2.00 X 0 0 0 PRESTON MILLER BOARD MEMBER 2.00 X 0 0 0 NICOLE MORRILL BOARD MEMBER 2.00 X 0 0 0 LARA RAMSEY BOARD MEMBER 2.00 X 0 0 0 DANE SMITH BOARD MEMBER 2.00 X 0 0 0 MIGUEL TOLEDO BOARD MEMBER 2.00 X 0 0 0 ANDREA WEINSTEIN BOARD MEMBER 2.00 X 0 0 0 SHIREEN ZAMAN BOARD MEMBER 2.00 X 0 0 0 MICHELE CLAEYS HEAD OF SCHOOL 40.00 X 404969 0 35458 GREGORY BOKMAN CFO 40.00 X 247813 0 49856 SARAH BECK HEAD OF LOWER SCHOOL 40.00 X 200034 0 15989 SARAH SUMWALT DIR STUDENT SUPPORT/SEL 40.00 X 163885 0 36273 EMILY DUTTON HEAD OF MIDDLE SCHOOL 40.00 X 155153 0 23026 BRITTANY WESTBROOK DIR MARKETING & COMM 40.00 X 149477 0 20132 RICKI MARION DIR OF DEVELOPMENT 40.00 X 148523 0 11852 1469854 0 192586 21 0 1 0 COAKLEY & WILLIAMS CONSTRUCTION 7475 WISCONSIN AVE 900 BETHESDA MD 20814 CONSTRUCTION 9991713 FAIRFAX FOOD SERVICE & CATERERS PO BOX 418 NEWINGTON VA 22122 FOOD SERVICE 307763 GBR CLEANING SERVICES 3399 BENBOW COURT WOODBRIDGE VA 22193 JANITORIAL 250532 COX GRAAE & SPACK ARCHITECTS 2909 M STREET NW WASHINGTON DC 20007 ARCHITECT 218191 BROTHERS PAVING & CONCRETE CORPORATION 9469 HAWKINS DRIVE MANASSAS VA 20109 CONSTRUCTION 131900 6 236580 37100 1021611 92250 1295291 TUITION & FEES 900099 21362687 21362687 AUXILIARY SERVICES 900099 758100 758100 22120787 569277 569277 419298 236580 213429 205869 205869 8075 0 8075 8075 24199299 22120787 0 783221 2120312 2120312 754422 548692 175754 29976 10454539 7637429 2397691 419419 773823 541515 204087 28221 1636252 1145035 431543 59674 805514 563692 212445 29377 25628 25628 78479 78479 44464 44464 268428 36383 220834 11211 57769 35980 10783 11006 233477 145415 43581 44481 308812 300521 6633 1658 899390 874053 20404 4933 274312 274219 93 30919 19257 5771 5891 500185 486264 11137 2784 1279356 1243751 28484 7121 183608 178554 4043 1011 INSTRUCTIONAL MATERIALS 582886 582689 197 MEALS 342801 342685 116 PROF. DEVELOPMENT 193169 141120 52049 DUES & SUBSCRIPTIONS 103044 64178 19234 19632 346475 216917 64118 65440 22298064 17498661 4057568 741835 500 500 16688591 24194923 4782928 1178232 7634839 8109519 178954 326262 50449076 18047439 30200515 32401637 14090314 21031188 4282060 77858701 87242261 2742672 1498811 17579795 19154116 13699167 19792406 34021634 40445333 X 31355445 39132161 12481622 7664767 43837067 46796928 77858701 87242261 1901235 1058626 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9566472 31651 1112531 330667 10379987 7186713 3672146 -1025752 266634 9566473 5715778 73000 1614189 216254 7186713 5466583 243169 189201 183175 5715778 4923159 625060 370349 451985 5466583 0.35000 0.49000 0.16000 0 0 209494 209494 44179769 13335084 30844685 3700286 2994609 705677 2359527 1717746 641781 32401637 X 23114069 1058626 -2099392 -1040766 24154835 44464 44464 24199299 20154208 0 20154208 44464 2099392 2143856 22298064 PART V, LINE 4: PERMANENTLY RESTRICTED ASSETS ARE RESTRICTED IN PERPETUITY. CUMULATIVE INVESTMENT EARNINGS ARE AVAILABLE TO SUPPORT FACULTY DEVELOPMENT, GENERAL OPERATIONS, FINANCIAL AID SCHOLARSHIPS AND OTHER PURPOSES AS DESIGNATED BY THE GRANTOR OR THE BOARD, AS APPLICABLE. PART X, LINE 2: THE SCHOOL IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE SCHOOL QUALIFIES FOR CHARITABLE CONTRIBUTIONS DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. BUSINESS INCOME, WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. FOR THE YEAR ENDED JUNE 30, 2023, THE SCHOOL HAD NO NET UNRELATED BUSINESS INCOME AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE SCHOOL FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT -2,099,392. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION & FEES IN THE FINANCIAL STATEMENT 2,099,392. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A NOTICE WAS PLACED IN THE WASHINGTON POST NEWSPAPER ON FRIDAY, NOVEMBER 25, 2022, ANNOUNCING THE SCHOOL'S NON-DISCRIMINATION POLICY. THE LANGLEY SCHOOL IS COMPOSED OF STUDENTS, TEACHERS, PARENTS, AND STAFF WHO SUPPORT THE BELIEF THAT A DIVERSE SCHOOL COMMUNITY PROMOTES LEARNING AND GROWTH, PREPARING STUDENTS FOR RESPONSIBLE AND COMPASSIONATE CITIZENSHIP IN THE GLOBAL COMMUNITY. WE ADMINISTER ALL PROGRAMS AND POLICIES WITHOUT DISCRIMINATION BASED ON RACE, COLOR, RELIGION, NATIONAL ORIGIN, SEX, DISABILITY, AGE, GENETICS, SEXUAL ORIENTATION, GENDER IDENTITY, MILITARY STATUS, OR ANY OTHER CATEGORY TO THE EXTENT PROTECTED BY APPLICABLE LAWS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED GRANT REVENUE FROM THE AMERICAN RESCUE PLAN ACT (ARPA), ADMINISTERED BY VIRGINIA DEPARTMENT OF EDUCATION (VDOE) FOR OPERATING A LICENSED CHILD CARE CENTER WHICH FOLLOWED THE HEALTH GUIDELINES DURING THE PANDEMIC. SPRING AUCTION 635711 236580 399131 98287 16550 66508 FALL FAIR 28242 28242 1313 19975 4573 663953 236580 427373 99600 36525 71081 207206 220167 1 FINANCIAL AID 89 2099392 SUMMER GRANTS 9 20920 PART I, LINE 2: A LANGLEY SCHOOL EDUCATION REPRESENTS A SIGNIFICANT FINANCIAL INVESTMENT IN A CHILD'S FUTURE. WE FEEL STRONGLY THAT FINANCIAL CONSIDERATIONS SHOULD NOT BE THE DETERMINING FACTOR IN WHETHER A CHILD ATTENDS THE LANGLEY SCHOOL. FINANCIAL ASSISTANCE IS AVAILABLE TO STUDENTS IN ALL GRADES, PRESCHOOL THROUGH GRADE 8. FAMILIES CAN APPLY FOR FINANCIAL AID THROUGH THE SCHOOL'S THIRD-PARTY, INDEPENDENT PROCESSING COMPANY. THE INDEPENDENT PROCESSING COMPANY MAKES FINANCIAL AID RECOMMENDATIONS BASED ON MULTIPLE FACTORS WHICH INCLUDE THE FAMILY'S EARNINGS AND OTHER FINANCIAL INFORMATION. THESE RECOMMENDATIONS ARE REPORTED TO LANGLEY AND ARE REVIEWED BY THE SCHOOL'S FINANCIAL AID COMMITTEE. THE COMMITTEE MAKES THE FINAL MONETARY AWARD DECISION BASED ON THE FAMILY'S OVERALL FINANCIAL AID APPLICATION. THE SCHOOL COMMUNICATES FINANCIAL AID AWARDS TO THE FAMILY FOR THEIR CONSIDERATION DURING THE ENROLLMENT PROCESS. AWARDS ARE ONLY GRANTED FOR ONE FISCAL YEAR AND AN UPDATED APPLICATION IS REQUIRED ANNUALLY. 1 X X X 0 0 0 0 0 0 0 0 0 MICHELE CLAEYS HEAD OF SCHOOL 381871 0 22500 0 598 0 33200 0 2792 0 440961 0 0 0 GREGORY BOKMAN CFO 246695 0 0 0 1118 0 20620 0 31671 0 300104 0 0 0 SARAH BECK HEAD OF LOWER SCHOOL 199865 0 0 0 169 0 15989 0 533 0 216556 0 0 0 SARAH SUMWALT DIR STUDENT SUPPORT/SEL 163726 0 0 0 159 0 13937 0 28264 0 206086 0 0 0 EMILY DUTTON HEAD OF MIDDLE SCHOOL 155030 0 0 0 123 0 12750 0 10994 0 178897 0 0 0 BRITTANY WESTBROOK DIR MARKETING & COMM 149351 0 0 0 126 0 12117 0 8709 0 170303 0 0 0 RICKI MARION DIR OF DEVELOPMENT 148401 0 0 0 122 0 11852 0 484 0 160859 0 0 0 A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY SERIES 2020A AND 2020B 540787833 2020-02-27 20399000 REFINANCE OUTSTANDING 2011 DEBT; NEW DEBT FOR CONSTRUCTION OF BUILDING 0 0 0 A 322709 20399000 395679 16000000 4003320 2023 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 0 A 1 SCHEDULE K, PART I, BOND ISSUES: ON FEBRUARY 27, 2020, THE SCHOOL REFINANCED THE 2011 SERIES A-1, A-2 BOND DEBT AND ISSUED FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY REVENUE BOND, SERIES 2020 A AND SERIES 2020 B FOR $4,399,000 AND $16,000,000, RESPECTIVELY. THE SCHOOL PAID OFF THE EXISTING BOND DEBT, INTEREST RATE SWAPS, AND LINE OF CREDIT OUTSTANDING BALANCE RESULTING IN A LOSS ON EARLY DEBT EXTINGUISHMENT OF $28,152 FOR THE YEAR ENDED JUNE 30, 2020, WHICH REPRESENTS THE WRITE-OFF OF THE REMAINING UNAMORTIZED COSTS OF THE BOND ISSUANCE COSTS FROM THE PAID OFF BONDS. THE REFINANCING WAS COMPLETED IN ORDER TO FUND SCHOOL IMPROVEMENTS. SANDY SPRING BANK PURCHASED THE SERIES 2020A AND SERIES 2020B REVENUE BONDS WITH A FIXED INTEREST RATE OF 2.635%. THE SCHOOL DREW THE FULL AMOUNT OF THE SERIES 2020A AND 2020B BONDS AS OF JUNE 30, 2023. THE NOTE IS SUBJECT TO MANDATORY REDEMPTION ON MARCH 1, 2040, WHICH WOULD BE AN AMOUNT EQUAL TO THE PRINCIPAL AMOUNT TO BE REDEEMED, PLUS ANY APPLICABLE PREMIUM, PLUS ALL UNPAID INTEREST ACCRUED TO THE DATE FIXED FOR REDEMPTION. THE AMOUNT OUTSTANDING AT JUNE 30, 2023, FOR SERIES 2020A AND 2020B WAS $4,076,998 AND $15,999,293, RESPECTIVELY, WITH A MATURITY DATE OF MARCH 1, 2050. THE TOTAL INTEREST EXPENSE, OTHER BOND RELATED FEES, AND AMORTIZATION OF DEBT ISSUANCE COSTS, WAS $500,185 FOR THE YEAR ENDED JUNE 30, 2023. IN CONNECTION WITH THE BONDS, THE SCHOOL HAS AGREED, AMONG OTHER THINGS, TO: (1) MAINTAIN A MINIMUM DEBT SERVICE COVERAGE RATIO, AND (2) MAINTAIN A MINIMUM AMOUNT OF UNRESTRICTED LIQUIDITY. THE BONDS ARE SECURED BY THE REAL ESTATE AND PLEDGED RECEIPTS. 39295 FINANCIAL AID TUITION X 10 92250 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 4 CLARIFICATIONS TO BY-LAWS, INCLUDING ADDITION OF MISSION STATEMENT, DEFINITION OF MEMBERSHIP, ELECTION OF AND REMOVAL OF TRUSTEES, BOARD COMMITTEE RESPONSIBILITIES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION REVIEWS THE DRAFT FORM 990 IN THEIR ENTIRETY THROUGH CAREFUL EXAMINATION BY THE SCHOOL'S CHIEF FINANCIAL OFFICER, CONTROLLER, HEAD OF SCHOOL, BOARD CHAIR AND CHAIR OF THE AUDIT COMMITTEE. THE DRAFT FORMS WITH DONOR NAMES REDACTED IS ALSO REVIEWED BY THE AUDIT COMMITTEE, WHICH SUBJECT TO CHANGES AND CORRECTIONS, ACCEPTS THE REPORTS ON BEHALF OF THE BOARD. THE REDACTED FORM IS THEN MADE AVAILABLE TO THE SCHOOL'S BOARD OF TRUSTEES' FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY. THIS IS DONE BY REQUIRING EACH MEMBER OF THE ORGANIZATION'S GOVERNING BODY, ITS BOARD OF DIRECTORS, TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE BEFORE SERVING ON THE BOARD. THIS CONFLICT OF INTEREST POLICY IS REQUIRED TO BE SUBMITTED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE HEAD OF SCHOOL INCLUDES A REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH SERVES AS THE COMPENSATION COMMITTEE. SUPPORT FOR DETERMINING COMPENSATION IS PROVIDED BY BENCHMARKING AGAINST PEER SCHOOLS WITHIN THE AREA AND COLLECTING SALARY DATA FROM ASSOCIATIONS. OUTSIDE LEGAL COUNSEL ALSO REVIEWS THE HEAD OF SCHOOL'S CONTRACT. FOR ALL OTHER EMPLOYEES, THE HEAD OF SCHOOL AND DIRECTOR OF HUMAN RESOURCES UTILIZE SIMILAR BENCHMARKS TO DETERMINE APPROPRIATE LEVELS OF COMPENSATION FOR EMPLOYEES. ALL PAYROLL DECISIONS ARE MADE WITHIN THE PARAMETERS OF A BOARD OF TRUSTEES' APPROVED FISCAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS INCLUDING THE ORGANIZATION'S BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO MEMBERS OF THE SCHOOL THROUGH INSPECTION AT THE SCHOOL'S ADMINISTRATION BUILDING. THE "MEMBERS" ARE THE PARENTS OR GUARDIANS OF LANGLEY STUDENTS WHO HAVE SIGNED ENROLLMENT AGREEMENTS FOR THE CURRENT SCHOOL YEAR. MEMBERSHIP IS FOR TWELVE MONTHS AND ONLY RENEWS UPON SIGNING A NEW CONTRACT. FINANCIAL STATEMENT SUMMARIES ARE MAILED ANNUALLY TO ALL MEMBERS WITHIN THE SCHOOL'S ANNUAL REPORT AND COPIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 26 U.S. CODE 6104(D) OF THE INTERNAL REVENUE CODE.