Boys Latin School Of Maryland Incorporated in Baltimore, Maryland (MD)

Boys Latin School Of Maryland Incorporated
Employer Identification Number (EIN)	520735085
Name of Organization	Boys Latin School Of Maryland Incorporated
Address	822 W Lake Ave, Baltimore, MD 21210-1241
Activities	Private school, School, college, trade school, etc.
Subsection	Educational Organization
Ruling Date	11/1961
Deductibility	Contributions are deductible
Foundation	School
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$50,000,000 to greater
Income	$10,000,000 to $49,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$79,732,214
Amount of Income	$28,503,344
Form 990 Revenue Amount	$21,969,903
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Elementary, Secondary Education, K - 12

Non-representatives - add comments:

Amount of income in 2014: $28,503,344

This organization:	$28,503,344
Other organizations performing similar types of work:	$11,570,202

Assets in 2014: $79,732,214

This organization:	$79,732,214
Other organizations performing similar types of work:	$20,182,458

Expenses in 2013: $18,047,488

Boys Latin School Of Maryland Incorporated:	$18,047,488
Other organizations performing similar types of work:	$10,663,440

Income to expenses ratio in 2013: 1.6

Boys Latin School Of Maryland Incorporated:	1.6
Other organizations performing similar types of work:	1.1

Expenses allocated to program services in 2007: 71.5%

Boys Latin School Of Maryland Incorporated:	71.5%
Other organizations performing similar types of work:	79.8%

Number of employees in 2013: 181

Boys Latin School Of Maryland Incorporated:	181
Other organizations performing similar types of work:	188

Employees paid over $100,000 in 2013: 5.5%

Boys Latin School Of Maryland Incorporated:	5.5%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2013: 12.6%

This organization:	12.6%
Other organizations performing similar types of work:	12.8%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?		Yes
Is the organization required to complete Schedule B, Schedule of Contributors?		Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?		No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?		No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?		No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?		No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?		No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?		No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?		No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?		Yes
Did the organization report an amount for land, buildings, and equipment?		Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?		No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?		No
Did the organization report an amount for other assets that is 5% or more of its total assets?		No
Did the organization report an amount for other liabilities?		Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?		Yes
Did the organization obtain separate, independent audited financial statements for the tax year?		Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?		No
Is the organization a school described in section 170(b)(1)(A)(ii)?		Yes
Did the organization maintain an office, employees, or agents outside of the United States?		No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?		No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?		No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?		No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?		No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?		Yes
Did the organization report more than $15,000 of gross income from gaming activities?		No
Did the organization operate one or more hospital facilities?		No
Did the organization attach a copy of its audited financial statements?		No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?		No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?		Yes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?		Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?		Yes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?		No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?		No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?		No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?		No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?		No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?		Yes
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?		No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?		No
A family member of a current or former officer, director, trustee, or key employee?		No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?		No
Did the organization receive more than $25,000 in non-cash contributions?		Yes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?		No
Did the organization liquidate, terminate, or dissolve and cease operations?		No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?		No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?		No
Was the organization related to any tax-exempt or taxable entity?		No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?		No
Did the organization make any transfers to an exempt non-charitable related organization?		No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?		No

	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		57
The number of Forms W-2G		0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		181
Did the organization file all required federal employment tax returns?		Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No
Has it filed a Form 990-T for this year?		No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No
Did the organization file Form 8886-T?		No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No
Did the organization notify the donor of the value of the goods or services provided?		No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No
Did the sponsoring organization make any taxable distributions under section 4966?		No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No
Initiation fees and capital contributions	$0	$0
Gross receipts for public use of club facilities	$0	$0
Gross income from members or shareholders	$0	$0
Gross income from other sources	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No
The amount of tax-exempt interest received or accrued during the year		$0
Is the organization licensed to issue qualified health plans in more than one state?		No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0
The amount of reserves on hand		$0
Did the organization receive any payments for indoor tanning services during the tax year?		No
Has it filed a Form 720 to report these payments?		No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization		$807,272
Total reportable compensation from related organizations		$0
Total estimated amount of other compensation from the organization and related organizations		$206,179
Total number of individuals who received more than $100,000 of reportable compensation from the organization		8
Total number of independent contractors who received more than $100,000 of compensation from the organization		2

	2012	2013
Statement of Revenue
Total revenue	$16,534,948	$17,859,119
Contributions, Gifts, Grants and Other Similar Amounts	$1,877,434	$2,254,467
Program Service Revenue	$13,300,516	$14,422,482
611600		$14,336,510
611600		$45,493
611600		$27,025
611600		$13,454
All other program service revenue		$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$539,051	$599,969
Income from investment of tax-exempt bond proceeds	$0	$0
Royalties	$0	$0
Net rental income	$18,707	$32,839
Gross rents (Real / Personal)	$18,707 / $0	$32,839 / $0
Less: rental expenses (Real / Personal)	$0 / $0	$0 / $0
Rental income or (loss) (Real / Personal)	$18,707 / $0	$32,839 / $0
Net gain/loss from sales of assets other than inventory	$678,473	$431,502
Gross amount from sales of assets other than inventory (Securities / Other)	$3,956,138 / $0	$2,898,548 / $0
Less: cost or other basis and sales expenses (Securities / Other)	$3,277,665 / $0	$2,467,046 / $0
Gain or (loss) (Securities / Other)	$678,473 / $0	$431,502 / $0
Net income/loss from fundraising events	$57,165	$75,975
Gross income from fundraising events	$124,144	$144,828
Less: direct expenses	$66,979	$68,853
Net income/loss from gaming activities	$2,630	$2,150
Gross income from gaming activities	$2,630	$2,150
Less: direct expenses	$0	$0
Net income/loss from sales of inventory	$18,680	$23,510
Gross sales of inventory, less returns and allowances	$208,709	$238,293
Less: cost of goods sold	$190,029	$214,783
Miscellaneous Revenue	$42,292	$16,225
900099		$16,225
All other revenue		$0

	2012	2013
Statement of Functional Expenses
Total functional expenses	$16,946,108	$18,047,488
Grants and other assistance to domestic organizations and domestic governments		$0
Grants and other assistance to domestic individuals		$2,461,170
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, trustees, and key employees	$455,341	$704,926
Compensation not included above, to disqualified persons		$0
Other salaries and wages	$7,227,913	$7,372,765
Pension plan accruals and contributions		$403,040
Other employee benefits		$1,180,006
Payroll taxes	$536,682	$561,103
Fees for services (non-employees)
Management		$0
Legal		$107,789
Accounting		$55,727
Lobbying		$0
Professional fundraising services	$0	$0
Investment management fees		$0
Other		$557,009
Advertising and promotion		$77,852
Office expenses		$498,975
Information technology		$148,404
Royalties		$0
Occupancy		$591,216
Travel		$143,598
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0
Conferences, conventions, and meetings		$162,382
Interest		$700,971
Payments to affiliates		$0
Depreciation, depletion, and amortization		$1,478,361
Insurance		$0
Other expenses		$493,458
Other expenses		$184,129
Other expenses		$90,695
Other expenses		$58,251
Other expenses		$15,661

	2012	2013
Balance Sheet
Total assets	$71,351,947	$72,541,993
Cash - non-interest-bearing		$500
Savings and temporary cash investments		$1,981,034
Pledges and grants receivable, net		$127,652
Accounts receivable, net		$147,061
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$30,000
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0
Notes and loans receivable, net		$0
Inventories for sale or use		$56,318
Prepaid expenses and deferred charges		$254,690
Land, buildings, and equipment: cost or other basis		$34,765,462
Investments - publicly traded securities		$35,171,630
Investments - other securities		$7,646
Investments - program-related		$0
Intangible assets		$0
Other assets		$0
Total liabilities	$22,862,848	$21,107,524
Accounts payable and accrued expenses		$1,043,394
Grants payable		$0
Deferred revenue		$1,427,849
Tax-exempt bond liabilities	$17,617,104	$16,908,354
Escrow or custodial account liability		$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$1,727,927
Total net assets or fund balances	$48,489,099	$51,434,469
Unrestricted net assets		$36,390,954
Temporarily restricted net assets		$3,902,968
Permanently restricted net assets		$11,140,547
Capital stock or trust principal, or current funds		$0
Paid-in or capital surplus, or land, building, or equipment fund		$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	A school described in section 170(b)(1)(A)(ii)
Number of organizations supported	0
Sum of amounts of support	$0

	2000	2001	2002	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$10,391,837	$9,789,146	$9,623,780	$20,765,380	$21,948,330
Contributions, gifts, grants, and similar amounts received	$1,159,773	$858,048	$2,131,064	$4,504,139	$7,980,604
Contributions to donor advised funds				$0	$0
Direct public support	$1,159,773	$858,048	$2,131,064	$4,504,139	$7,980,604
Indirect public support	$0	$0	$0	$0	$0
Government contributions (grants)	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$8,010,682	$8,517,832	$9,134,161	$11,445,049	$12,301,134
Membership dues and assessments	$11,370	$11,560	$11,520	$14,275	$26,000
Interest on savings and temporary cash investments	$0	$0	$0	$0	$0
Dividends and interest from securities	$300,639	$181,527	$279,802	$791,365	$823,956
Net rental income or (loss)	$8,627	$12,376	$46,391	$33,736	$34,430
Gross rents	$8,627	$12,376	$46,391	$33,736	$34,430
Less: rental expenses	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$780,035	$150,192	$-2,043,993	$3,918,835	$735,473
Gross amount from sales of assets other than inventory	$1,309,038	$230,205	$12,916,375	$18,064,689	$5,727,199
Less: cost or other basis and sales expenses	$529,003	$80,013	$14,960,368	$14,145,854	$4,991,726
Net income or (loss) from special events and activities	$68,839	$13,138	$29,947	$-1,008	$8,816
Gross revenue	$204,366	$145,007	$173,622	$148,867	$160,722
Less: direct expenses other than fundraising expenses	$135,527	$131,869	$143,675	$149,875	$151,906
Gross profit or (loss) from sales of inventory	$30,680	$27,063	$30,902	$58,989	$37,917
Gross sales of inventory, less returns and allowances	$109,563	$114,876	$115,957	$306,392	$244,984
Less: cost of goods sold	$78,883	$87,813	$85,055	$247,403	$207,067
Other revenue	$21,192	$17,410	$3,986	$0	$0
Total expenses	$8,457,771	$9,822,211	$10,043,540	$12,764,374	$14,791,935
Program services	$6,639,539	$7,446,871	$8,175,621	$9,749,043	$10,571,734
Management and general	$1,264,702	$1,844,587	$1,328,550	$1,990,226	$3,201,298
Fundraising	$553,530	$530,753	$539,369	$1,025,105	$1,018,903
Payments to affiliates	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$31,086,752	$31,564,918	$32,317,601	$51,852,267	$55,649,005
Excess or (deficit) for the year	$1,934,066	$-33,065	$-419,760	$8,001,006	$7,156,395
Net assets or fund balances at beginning of year	$30,791,633	$31,086,752	$31,564,918	$41,286,829	$51,852,267
Other changes in net assets or fund balances	$-1,638,947	$511,231	$1,172,443	$2,564,432	$-3,359,657

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$14,791,935	$10,571,734	$3,201,298	$1,018,903
Grants paid from donor advised funds		$0
Other grants and allocations		$1,432,289
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$361,167	$278,098	$54,175	$28,894
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$6,564,905	$5,121,638	$968,435	$474,832
Pension plan contributions not included above	$382,469	$298,960	$48,248	$35,261
Employee benefits not included above	$329,823	$246,729	$56,878	$26,216
Payroll taxes	$498,524	$393,296	$70,956	$34,272
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$0	$0	$0	$0
Supplies	$476,051	$435,380	$31,147	$9,524
Telephone	$42,080	$28,530	$11,036	$2,514
Postage and shipping	$41,092	$8,219	$18,133	$14,740
Occupancy	$315,265	$308,422	$0	$6,843
Equipment rental and maintenance	$605,791	$598,433	$650	$6,708
Printing and publications	$130,795	$34,148	$40,615	$56,032
Travel	$95,555	$62,328	$26,273	$6,954
Conferences, conventions, and meetings	$114,136	$108,806	$4,710	$620
Interest	$179,284	$0	$179,284	$0
Depreciation, depletion, etc.	$799,615	$567,727	$215,896	$15,992
Other expenses not covered above	$2,423,094	$648,731	$1,474,862	$299,501

	2000	2001	2002	2006	2007
Balance Sheets
Total assets	$39,445,786	$40,454,235	$41,007,874	$60,296,941	$84,025,107
Cash - non-interest-bearing	$1,000	$1,200	$1,000	$1,000	$1,120
Savings and temporary cash investments	$3,627,550	$4,472,416	$5,250,587	$5,685,526	$6,171,352
Accounts receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0
Pledges receivable less allowance for doubtful accounts	$4,627,097	$2,115,853	$1,117,614	$2,704,182	$5,501,225
Grants receivable	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)				$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0
Inventories for sale or use	$9,273	$11,160	$10,642	$59,166	$63,353
Prepaid expenses and deferred charges	$59,849	$35,454	$50,238	$84,233	$277,282
Investments - publicly-traded securities				$31,067,280	$30,337,294
Investments - other securities	$13,503,436	$15,860,891	$16,980,592	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$17,001,825	$17,618,819	$17,346,960	$20,417,575	$21,537,852
Other assets, including program-related investments	$615,756	$338,442	$250,241	$277,979	$20,135,629
Total liabilities	$8,359,034	$8,889,317	$8,690,273	$8,444,674	$28,376,102
Accounts payable and accrued expenses	$7,311,122	$631,649	$659,555	$1,198,666	$1,567,166
Grants payable	$0	$0	$0	$0	$0
Deferred revenue	$1,047,912	$1,092,668	$1,110,718	$1,616,008	$1,652,300
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$20,000,000
Mortgages and other notes payable	$0	$700,000	$700,000	$0	$0
Other liabilities	$0	$6,465,000	$6,220,000	$5,630,000	$5,156,636
Total liabilities and net assets/fund balances	$39,445,786	$40,454,235	$41,007,874	$60,296,941	$84,025,107
Total net assets or fund balances	$31,086,752	$31,564,918	$32,317,601	$51,852,267	$55,649,005

	2000	2001	2002	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$10,391,837	$9,789,146	$9,623,780	$20,765,380	$21,948,330
Total revenue, gains, and other support per audited financial statements	$7,712,076	$9,217,470	$9,483,871	$21,878,606	$15,965,034
Other expenses	$-1,583,738	$535,929	$1,213,910	$2,577,699	$-2,993,207
Net unrealized gains on investments	$-1,583,738	$510,929	$1,183,910	$2,577,699	$-2,993,207
Donated services and use of facilities	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0
Other	$0	$25,000	$30,000	$0	$0
Other revenue	$1,096,023	$1,107,605	$1,353,819	$1,464,473	$2,990,089
Investment expenses	$0	$0	$168,038	$66,254	$5,825
Other	$1,096,023	$1,107,605	$1,185,781	$1,398,219	$2,984,264

	2000	2001	2002	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$8,457,771	$9,822,211	$10,043,540	$12,764,374	$14,791,935
Total expenses and losses per audited financial statements	$7,416,957	$8,739,304	$8,731,188	$11,313,168	$12,168,296
Other revenue	$0	$0	$0	$728	$363,466
Donated services and use of facilities	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0
Other	$0	$0	$0	$728	$363,466
Other expenses	$1,040,814	$1,082,907	$1,312,352	$1,451,934	$2,987,105
Investment expenses	$0	$0	$168,038	$66,254	$5,825
Other	$1,040,814	$1,082,907	$1,144,314	$1,385,680	$2,981,280

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
40	$206,000	$14,420	$3,978
40	$136,769	$0	$0

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	27
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	132

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$1,640,592	$12,327,134
Program service revenue
Program service revenue 1	000000	$0	00	$0	$12,188,589
Program service revenue 2	000000	$0	00	$0	$103,590
Program service revenue 3	000000	$0	00	$0	$8,955
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$26,000
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$823,956	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)	$34,430	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$735,473	$0
Net income or (loss) from special events	000000	$0	Income from an activity that is not regularly carried on (section 512(a)(1))	$8,816	$0
Gross profit or (loss) from sales of inventory	000000	$0	Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))	$37,917	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$144,600	$20,097	$3,773
$110,180	$11,777	$0
$94,130	$10,228	$0
$90,000	$11,535	$0
$88,775	$6,214	$0

Total number of other employees paid over $50,000	39

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$1
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$186,477

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	School

	1999	2000	2001	2005	2006
Support Schedule
Total	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Mcdonogh School Incorporated	PO BOX 380, Owings Mills, MD 21117-0380	MD	1977-05	$58,849,818
2	Calvert School Inc	105 Tuscany Rd, Baltimore, MD 21210-3007	MD	1935-08	$50,063,506
3	Roland Park Country School Inc	5204 Roland Ave, Baltimore, MD 21210-1934	MD	1920-12	$40,283,109
4	Friends School Of Baltimore Inc	5114 N Charles St, Baltimore, MD 21210-2021	MD	1974-01	$38,633,134
5	Park School Of Baltimore Inc	2425 Old Court Rd, Baltimore, MD 21208-3430	MD	1942-03	$37,562,043
6	Landon School Corporation	6101 Wilson Ln, Bethesda, MD 20817-3107	MD	1940-05	$31,149,319
7	Charles E Smith Jewish Day School Of Greater Washington Inc	1901 E Jefferson St, Rockville, MD 20852-4029	MD	1976-03	$30,776,802
8	Bullis School Inc	10601 Falls Rd, Potomac, MD 20854-4404	MD	1938-09	$29,270,513
9	Boys Latin School Of Maryland Incorporated	822 W Lake Ave, Baltimore, MD 21210-1241	MD	1961-11	$28,503,344
10	Corporation Of St Timothys School	8400 Greenspring Ave, Stevenson, MD 21153-0643	MD	1937-02	$27,996,463
11	Imagine Schools Non-Profit Inc	1005 N Glebe Rd Ste 610, Arlington, VA 22201-5758	VA	2012-06	$87,332,731
12	Texas Migrant Council Inc, Tmc	5215 Mcpherson Rd, Laredo, TX 78041-7324	TX	1988-06	$76,392,244
13	Walnut Hill School For The Arts	12 Highland St, Natick, MA 01760-2140	MA	1961-01	$27,169,877
14	Aplus Charter Schools Inc	8225 Bruton Rd, Dallas, TX 75217-1903	TX	1999-06	$19,578,252
15	Waynflete School	360 Spring St, Portland, ME 04102-3643	ME	1943-02	$17,754,153
16	Academy For Urban Leadership Charter High School	401 Hall Ave, Perth Amboy, NJ 08861-3204	NJ	2013-09	$6,496,582
17	Swift Learning Center Inc, Swift School	300 Grimes Bridge Rd, Roswell, GA 30075-4645	GA	1999-12	$5,393,002
18	Vanguard School Of Lake Wales Florida Inc	22000 Hwy 27, Lake Wales, FL 33859-6858	FL	1983-10	$5,273,962
19	Kenya Care For Them	8741 C St, Chesapeak Bch, MD 20732-9235	MD	2009-07	$0
20	Scholars Pointe Academy Inc	2223 Prince Of Wales Court, Bowie, MD 20716	MD	2006-09	$0

Number of organizations performing similar types of work

Alaska	1
Alabama	6
Arkansas	4
Arizona	5
California	57
Colorado	8
Connecticut	15
District of Columbia	4
Delaware	6
Florida	24
Georgia	32
Hawaii	5
Iowa	4
Idaho	3
Illinois	19
Indiana	6
Kansas	3
Kentucky	7
Louisiana	7
Massachusetts	21
Maryland	23
Maine	4
Michigan	7
Minnesota	12

Missouri	8
Mississippi	5
Montana	2
North Carolina	13
New Hampshire	3
New Jersey	20
New Mexico	5
Nevada	3
New York	48
Ohio	27
Oklahoma	2
Oregon	7
Pennsylvania	31
South Carolina	5
South Dakota	3
Tennessee	22
Texas	32
Utah	2
Virginia	22
Vermont	2
Washington	20
Wisconsin	8
West Virginia	2
International	4

Total

579

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