2025-04-02T18:11:29-05:00 2024-06-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2023-07-01 590873834 PALM BEACH DAY ACADEMY INC PALM 5616551188 241 SEAVIEW AVENUE PALM BEACH FL 33480 MICHAEL J MURPHY CHIEF FINANCE AND OPERATING OFFICER 5616551188 2025-04-02 1 1 JOHN CHENOWETH P01768153 5617989988 2023 2025-03-06 01:10:19Z MICHAEL J MURPHY 241 SEAVIEW AVENUE PALM BEACH FL 33480 25878692 0 X WWW.PBDAY.ORG X 1975 FL PRIMARY EDUCATION FOR STUDENTS PRE-K THROUGH THE EIGHTH GRADE. 17 17 165 50 0 0 11952256 3813368 19338542 20672848 523340 1138425 206707 125598 32020845 25750239 2412176 2337607 0 0 11152200 12513778 0 0 619309 6131430 6749157 19695806 21600542 12325039 4149697 72574153 79054976 16188797 16670885 56385356 62384091 THE FOUNDATION OF THE PALM BEACH DAY ACADEMY'S PROGRAM IS THE EDUCATION OF OUR STUDENTS IN AN ACADEMICALLY CHALLENGING AND COMPASSION RICH ENVIRONMENT THAT GUIDES EACH CHILD TOWARD PERSONAL EXCELLENCE OF MIND, BODY AND CHARACTER. 0 0 14393645 2337607 19071950 INSTRUCTION-ACCREDITED CLASSROOM INSTRUCTION FOR APPROX. 582 STUDENTS IN PRE-K THROUGH EIGHTH GRADE. 572607 217506 STUDENT ACTIVITIES-ATHLETICS, ART, DRAMATICS, LABORATORY, TYPING, CULTURAL EVENTS AND TRIPS FOR APPROX. 582 STUDENTS ENROLLED IN PRE-K THROUGH EIGHTH GRADE. 327032 1447117 AUXILIARY SERVICES-BUS TRANSPORTATION, TEXTBOOKS, LUNCH & JUICE PROGRAMS PROVIDED TO APPROX. 582 STUDENTS ENROLLED IN PRE-K THROUGH EIGHTH GRADE. 15293284 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 0 0 1 1 1 0 0 0 0 0 0 0 0 1 19 0 165 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MICHAEL J MURPHY 5616551188 241 SEAVIEW AVENUE PALM BEACH FL 33480 CHRISTOPHER VECELLIO PRESIDENT 5.00 X X 0 0 0 BEN ALEXANDER VICE PRESIDENT 5.00 X X 0 0 0 BENJAMIN GRISWOLD TREASURER 1.00 X X 0 0 0 JULIANA GENDELMAN SECRETARY 5.00 X X 0 0 0 MARGARET BETTEN BOARD MEMBER 1.00 X 0 0 0 CAROLINE FORREST BOARD MEMBER 1.00 X 0 0 0 VIRGINIA GALLIGAN BOARD MEMBER 1.00 X 0 0 0 LAUREN KENNY BOARD MEMBER 1.00 X 0 0 0 ANDREA KOSOY BOARD MEMBER 1.00 X 0 0 0 CHRISTINA MACFARLAND BOARD MEMBER 1.00 X 0 0 0 GRANT MASHEK BOARD MEMBER 1.00 X 0 0 0 BRIAN PFEIFLER BOARD MEMBER 1.00 X 0 0 0 CAROLINE RAFFERTY BOARD MEMBER 1.00 X 0 0 0 TODD SAVAGE BOARD MEMBER 1.00 X 0 0 0 ERIK WALDIN BOARD MEMBER 1.00 X 0 0 0 MAURA ZISKA CHRISTU BOARD MEMBER 1.00 X 0 0 0 WILL MATTHEWS LIFE TRUSTEE 1.00 X 0 0 0 MICHAEL J MURPHY CHIEF FINANCE & OPERATING OFFICER 50.00 X 208405 0 32093 FANNING HEARON HEAD OF SCHOOL 50.00 X 500682 0 65700 MARTHA BJORKLUND HEAD OF LOWER SCHOOL 50.00 X 108209 0 21370 SHANA DUTKEWYCH HEAD OF UPPER SCHOOL 50.00 X 118303 0 16549 935599 0 135712 4 0 1 0 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION 2248112 FIRST CITIZENS BANK 450 BOYLSTON ST BOSTON MA 02116 FINANCIAL SERVICES 904792 SAGE DINING SERVICES INC 1402 YORK RD LUTHERVILLE MD 21093 SCHOOL EVENT SERVICE 877698 CLEANING COMPANY OF AMERICA 500 PALM STREET SUITE 31 WEST PALM BEACH FL 33401 JANITORIAL SERVICES 238636 TECHNICAL COOLING SOLUTIONS LLC 11 VIA DE CASAS SUR 202 BOYNTON BEACH FL 33426 HVAC SERVICES 222578 22 139488 3673880 135436 3813368 TUITION AND FEES 611110 19008525 19008525 AUXILIARY SERVICES 611110 1446817 1446817 STUDENT ACTIVITIES 611110 217506 217506 20672848 1176124 1176124 300 0 300 300 300 37699 -37699 -37699 -37699 152627 139488 90754 61873 61873 OTHER REVENUE 611110 63425 63425 63425 25750239 20736573 0 1200298 2337607 2337607 1078680 737100 341580 8788632 6274385 2215783 298464 869074 586337 253883 28854 1074225 853942 191520 28763 703167 513532 167975 21660 34489 34489 66872 66872 102392 102392 409404 183186 226218 1018555 130089 823839 64627 105227 55643 34721 14863 988280 103786 884494 396328 317062 71339 7927 1274303 1083158 127430 63715 569153 483780 56915 28458 LUNCH PROGRAM 899639 899639 ACADEMIC PROGRAMS 572607 572607 PROFESSIONAL DEVELOPMEN 133978 97068 29743 7167 DUES & SUBSCRIPTIONS 100272 41931 41408 16933 77658 22432 17348 37878 21600542 15293284 5687949 619309 809002 5825894 10204643 5052250 14857167 9251314 67844 59514 771048 1336652 53023424 20747338 28964741 32276086 16868684 25222242 31024 31024 72574153 79054976 1164739 1617117 3391815 3929991 9415354 9055006 2216889 2068771 16188797 16670885 X 52340007 58981652 4045349 3402439 56385356 62384091 72574153 79054976 4149697 1849038 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17054156 6262786 2128933 2859342 22586533 10148403 13026939 1200117 7321303 17054156 4848830 2600000 -704427 1096000 10148403 4147549 178678 913528 390925 4848830 5022059 893691 61812 1830013 4147549 0.84936 0.00000 0.15064 0 0 6894339 6894339 35579798 15598102 19981696 10549287 5149236 5400051 32276086 X 25159278 1849038 1849038 23310240 102392 2337607 2439999 25750239 19160543 0 19160543 102392 2337607 2439999 21600542 PART V, LINE 4: THE ENDOWMENT FUND WAS CREATED TO ENSURE THE FINANCIAL STABILITY OF THE SCHOOL. THE SCHOOLS FUNDS CONSIST OF DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS AN ENDOWMENT. THE FUNDS ARE DESIGNATED BY THE BOARD OF TRUSTEES TO VARIOUS FUNCTIONS BASED UPON DONOR INTENT. PART X, LINE 2: THE SCHOOL HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE SCHOOL IS REQUIRED TO OPERATE IN CONFORMITY WITH THE PROVISIONS OF THE IRC TO MAINTAIN ITS EXEMPT STATUS. MANAGEMENT ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. BASED ON ITS EVALUATION, MANAGEMENT DID NOT IDENTIFY ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE YEARS 2024 OR 2023. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION REMISSION 2,337,607. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION REMISSION 2,337,607. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE PALM BEACH DAY ACADEMY HAS ITS POLICY PRINTED IN THE SCHOOL BROCHURE, WHICH IS SENT WITH THE SCHOOL APPLICATION TO ALL PROSPECTIVE STUDENTS DURING THE REGISTRATION PERIOD. THE ACADEMY ALSO INCLUDES ITS POLICY IN LOCAL ADVERTISEMENTS. GOLF/TENNIS TOURNAMENT 292115 139488 152627 90754 292115 139488 152627 90754 90754 61873 1 SCHOLARSHIPS & TUITION REMISSION 93 2337607 FMV PART I, LINE 2: FINANCIAL AID IS AWARDED BASED ON FINANCIAL NEED. FINANCIAL NEED IS DETERMINED FROM A COMPLETED FINANCIAL AID APPLICATION SUBMITTED BY THE FAMILY REQUESTING AID. THE SCHOOL'S FINANCIAL AID COMMITTEE USES A NATIONALLY RECOGNIZED THIRD-PARTY SERVICE TO HELP TO OBJECTIVELY DETERMINE A FAMILY'S ABILITY TO PAY FOR SCHOOL TUITION AND OTHER EDUCATIONAL EXPENSES, BASED ON A PARENTS' FINANCIAL STATEMENT AND ANY ADDITIONAL SUPPORTING DOCUMENTATION FROM THE FAMILY AS MAY BE NEEDED. TUITION REMISSION IS AWARDED TO EMPLOYEES OF THE SCHOOL, HIRED PRIOR TO NOVEMBER 1, 2017, IN A COMBINATION OF POLICY AND NEED BASIS. X 1 0 X X 0 0 0 0 0 0 0 0 0 FANNING HEARON HEAD OF SCHOOL 385682 0 55000 0 60000 0 57173 0 8527 0 566382 0 0 0 MICHAEL J MURPHY CHIEF FINANCE & OPERATING OFFICER 208405 0 0 0 0 0 21876 0 10217 0 240498 0 0 0 A PALM BEACH COUNTY FLORIDA 000000000 2021-06-01 10331632 REFUNDING SERIES 2013 BONDS 0 0 0 A 10331632 206632 10125000 1 0 1 1 A 0 0 0 0 1 0 0 0 1 A 1 BRUCE GENDELMAN INSURANCE SERVICES 35% CONTROLLED ENTITY OF AN INTERESTED PERSON 258101 PAYMENT OF INSURANCE PREMIUMS AND INSURANCE AGENCY COMMISSIONS. 0 X 7 135436 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS AUTHORIZED THE AUDIT COMMITTEE TO REVIEW AND APPROVE THE FORM 990. A COPY OF THE APPROVED FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS ANNUALLY DISCLOSED BY THE BOARD OF TRUSTEES. THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY AND MONITORS THE POLICY TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOLS SALARY IS SET BY THE BOARD OF TRUSTEES UPON RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE. A THOUGHTFUL PROCESS, INCLUDING PERIODIC COMPARABILITY STUDIES ARE PERFORMED BY THE COMMITTEE. THE BOARD OF TRUSTEES APPROVES THE COMMITTEES RECOMMENDATIONS. THE HEAD OF SCHOOL MAKES A RECOMMENDATION FOR THE SALARY OF THE CHIEF FINANCE AND OPERATING OFFICER BASED ON COMPARABLE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS AND IS APPROVED IN THE BUDGET BY THE FINANCE COMMITTEE AND BOARD OF TRUSTEES. THIS PROCESS IS COMPLETED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS POLICY.