2024-01-30T16:35:59-06:00 2023-06-30 232896692 BBD LLP 1835 MARKET STREET SUITE 300 PHILADELPHIA PA 19103 990 2022-07-01 231370498 CHURCH FARM SCHOOL CHUR 6103637500 1001 E LINCOLN HIGHWAY EXTON PA 19341 EDMUND K SHERRILL II HEAD OF SCHOOL 6103637500 2024-01-15 1 EDMUND SHERRILL II 999009999 0 BRIAN PAGE P02402981 2155677770 2024-01-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z EDMUND K SHERRILL II 1001 E LINCOLN HIGHWAY EXTON PA 19341 15277019 0 X WWW.GOCFS.NET X 1918 PA THE CHURCH FARM SCHOOL PREPARES A DIVERSE GROUP OF BOYS WITH ACADEMIC ABILITY AND GOOD CHARACTER TO LEAD PRODUCTIVE AND FULFILLING LIVES BY MAKING A COLLEGE PREPARATORY EDUCATION FINANCIALLY ACCESSIBLE. 20 20 91 20 245115 0 2668193 2811102 554049 528058 49754411 3894176 109120 177701 53085773 7411037 0 0 0 0 5493774 6198363 0 0 604358 8335375 6605914 13829149 12804277 39256624 -5393240 186601752 191983609 3388497 2948817 183213255 189034792 THE CHURCH FARM SCHOOL PREPARES A DIVERSE GROUP OF BOYS WITH ACADEMIC ABILITY AND GOOD CHARACTER TO LEAD PRODUCTIVE AND FULFILLING LIVES BY MAKING A COLLEGE PREPARATORY EDUCATION FINANCIALLY ACCESSIBLE. 0 0 9800837 528058 PROVISION OF A RESIDENTIAL COLLEGE PREPARATORY ENVIRONMENT FOR BOYS IN GRADES 9 THROUGH 12 FROM FINACIALLY DESERVING FAMILIES. THE SCHOOL PROVIDES EDUCATION, HOUSING, FOOD, SOCIAL ACTIVITIES, SUPPORT SERVICES, SOME TRANSPORTATION, AND A WORK PROGRAM FOR APPROXIMATELY 186 BOYS ON A 150 ACRE CAMPUS. NEARLY 100% OF CFS GRADUATES GO ON TO MATRICULATE TO 4 YEAR COLLEGES AND UNIVERSITIES. 9800837 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 60 0 1 91 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X KAREN WERTZ 6103637500 1001 E LINCOLN HIGHWAY EXTON PA 19341 X MATTHEW J BURNS CHAIRMAN 3.00 X X 0 0 0 ALEMAYEHU ADDIS TREASURER 3.00 X X 0 0 0 VINCENT NAPOLEON VICE CHAIRMAN 3.00 X X 0 0 0 CAROL AICHELE SECRETARY 3.00 X X 0 0 0 STACEY SHREINER KLEY BOARD MEMBER 1.00 X 0 0 0 ANDREW CARRIGAN BOARD MEMBER 1.00 X 0 0 0 MARK T CARROLL BOARD MEMBER 1.00 X 0 0 0 JOHN D DIEDERICH BOARD MEMBER 1.00 X 0 0 0 MICHAEL J HANKIN BOARD MEMBER 1.00 X 0 0 0 REV PRESTON B HANNIBAL BOARD MEMBER 1.00 X 0 0 0 STEPHEN A LONEY BOARD MEMBER 1.00 X 0 0 0 DAVID F ZIMMERMAN BOARD MEMBER 1.00 X 0 0 0 LAUREN L MILLER BOARD MEMBER 1.00 X 0 0 0 ANTHONY K MOORE BOARD MEMBER 1.00 X 0 0 0 DANIEL WALLICK BOARD MEMBER 1.00 X 0 0 0 ROMANE PAUL BOARD MEMBER 1.00 X 0 0 0 PETER C PHILLIPS BOARD MEMBER 1.00 X 0 0 0 KARI RICHARDS BOARD MEMBER 1.00 X 0 0 0 CAROLINE BUCK ROGERS BOARD MEMBER 1.00 X 0 0 0 MARC TURNER BOARD MEMBER 1.00 X 0 0 0 REV EDMUND K SHERRILL II HEAD OF SCHOOL 50.00 X 254574 0 124334 KAREN K WERTZ DIRECTOR OF FINANCE 50.00 X 177773 0 9004 CHESTER C BLAIR JR DIR. OF RESIDENTIAL LIFE 50.00 X 131882 0 6473 ARTHUR S SMITH FACULTY TEACHER 50.00 X 123920 0 17308 BRANDON A HERBERT DIRECTOR OF ADMISSIONS 50.00 X 111845 0 19606 MARGARET VAN STEENWYK ASSISTANT HEAD OF SCHOOL 50.00 X 148012 0 36220 948006 0 212945 9 0 1 0 SODEXO INC AND AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 FOOD/JANITOR SERVICES 1061141 CLARK COMPANIES 41155 STATE HIGHWAY 10 DELHI NY 13753 TRACK CONSTRUCTION SERVICES 932179 RPC SERVICES LLC 5151 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 CONSTRUCTION SERVICES 186821 BRIGHTVIEW LANDSCAPES LLC PO BOX 740655 ATLANTA GA 30374 GROUND SERVICES 146198 4 45250 1060449 1705403 59798 2811102 TUITION AND FEES 900099 528058 528058 528058 3444369 245115 3199254 186732 0 186732 186732 186732 7970020 315488 7799713 35988 170307 279500 449807 449807 21250 45250 30281 -9031 -9031 7411037 528058 245115 3826762 X 342436 342436 4527764 3408347 798977 320440 323213 275058 22295 25860 642548 466808 131854 43886 362402 257719 80453 24230 88660 88660 135897 135897 1448415 1230764 217651 350378 210732 9206 130440 116453 40775 36785 38893 446319 215683 230636 791627 758160 33467 95179 58648 28769 7762 67629 48616 13628 5385 1705 1705 1422216 1349683 72533 133731 117843 13106 2782 CAMPUS MAINTENANCE 626318 595930 30388 ATHLETIC 219671 219671 INSTRUCTIONAL 201979 201979 STUDENT ACTIVITY 140379 140379 319358 204042 110636 4680 12804277 9800837 2399082 604358 7336384 5362377 360163 279652 330430 936239 360493 247194 50808889 25527820 24043627 25281069 133978161 138923890 12937118 13495845 7255376 7457343 186601752 191983609 741167 725918 189578 168659 2457752 2054240 3388497 2948817 X 146427275 151172955 36785980 37861837 183213255 189034792 186601752 191983609 X -5393240 10836646 378131 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 146915279 1045 14351105 8847696 152419733 176398374 2975 -16972194 12513876 146915279 141881700 125000 47282693 12891019 176398374 154610870 -1841640 10887530 141881700 152533381 155626 9708403 7786540 154610870 0.80000 0.20000 1 0 317134 317134 37926671 20319269 17607402 5807253 879887 4927366 6757831 4328664 2429167 25281069 COMMON TRUST FUND 13495845 F 13495845 PENSION BENEFITS LIABILITY 1977948 OPERATING LEASE LIABILITY 76292 2054240 X 18142067 10836646 10836646 7305421 135897 -30281 105616 7411037 12320531 -378130 -378130 12698661 135897 -30281 105616 12804277 PART V, LINE 4: CFS'S ENDOWMENT CONSISTS OF PORTFOLIO INVESTMENTS WHICH PROVIDE APPROXIMATELY 70 PERCENT OF ANNUAL OPERATING NEEDS, AS WELL AS LONG-TERM FINANCIAL STABILITY. PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ("GAAP") REQUIRES ENTITIES TO EVALUATE, MEASURE, RECOGNIZE, AND DISCLOSE ANY UNCERTAIN TAX POSITIONS. GAAP PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. CFS BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITION AS DEFINED IN GAAP. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -30,281. PART XII, LINE 2D - OTHER ADJUSTMENTS: DECREASE IN UNFUNDED PENSION STATUS -378,130. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -30,281. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY AS IT RELATES TO STUDENTS IS PUBLISHED IN THE PARENT/STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 FINANCIAL ASSISTANCE IS RECEIVED FROM THE STATE OF PENNSYLVANIA IN THE FORM OF AN ALLOWANCE (CREDIT) TO BE USED FOR THE PURCHASE OF TEXTBOOKS AND OTHER EDUCATIONAL MATERIALS. GOLF CLASSIC 66500 45250 21250 8600 9460 12221 66500 45250 21250 8600 9460 12221 30281 -9031 X X 1 1 X X 0 0 0 0 0 0 0 0 0 REV EDMUND K SHERRILL II HEAD OF SCHOOL 254574 0 0 0 0 0 60353 0 63981 0 378908 0 0 0 KAREN K WERTZ DIRECTOR OF FINANCE 177773 0 0 0 0 0 8105 0 899 0 186777 0 0 0 MARGARET VAN STEENWYK ASSISTANT HEAD OF SCHOOL 148012 0 0 0 0 0 3914 0 32306 0 184232 0 0 0 PART I, LINE 1A SCHEDULE J, PART I, LINE 1 THE SCHOOL PROVIDES HOUSING AND OTHER BENEFITS TO CERTAIN KEY EMPLOYEES AS A REQUIREMENT OF THEIR DUTIES OR AS A BENEFIT OF EMPLOYMENT. THE VALUE OF THESE BENEFITS ARE INCLUDED IN THE TAXABLE WAGES OF THESE EMPLOYEES, TO THE EXTENT THEY ARE NOT OTHERWISE EXCLUDED FROM SUCH BY THE INTERNAL REVENUE CODE AND ALL ARE DISCLOSED, AS REQUIRED, ON FORM 990, PART VII AND SCHEDULE J. THERE ARE SOME TAX INDEMNIFICATION BENEFITS PROVIDED TO FACULTY OF LONG TERM TENURE. X 6 59798 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: ALL DONATED PUBLICLY TRADED SECURITIES ARE SOLD IMMEDIATELY BY BRYN MAWR TRUST, A WSFS COMPANY. FORM 990, PART VI, SECTION A, LINE 2 MATTHEW BURNS, JOHN DIEDERICH, LAUREN MILLER AND CAROLINE ROGERS ARE CFS DIRECTORS WHO PARTICIPATE IN THE CHURCH FARM SCHOOL SCHOLARSHIP 1, LLC WHICH IS NO LONGER ACTIVE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 WAS PREPARED BY AN ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS FIRST CIRCULATED TO THE AUDIT COMMITTEE AND THEN DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER WAS PROVIDED OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT: THE CONFLICT OF INTEREST POLICY APPLIES TO BOARD MEMBERS, OFFICERS, HIGHLY COMPENSATED EMPLOYEES, EMPLOYEES WITH PURCHASING RESPONSIBILITY AND PROFESSIONAL SERVICE PROVIDERS. ALL COVERED INDIVIDUALS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS ANNUALLY BY COMPLETING AN ACTIVITY QUESTIONNAIRE. THESE QUESTIONNAIRES ARE REVIEWED AND MONITORED BY THE CFO OF THE ORGANIZATION. FOR INDIVIDUALS WITH POTENTIAL CONFLICTS, THAT INDIVIDUAL IS RECUSED FROM VOTING ON THE CONFLICTED MATTER OR PARTICIPATION IN THE CONFLICTED MATTER. FORM 990, PART VI, SECTION B, LINE 15A PROCESS FOR DETERMINING COMPENSATION: THE EXECUTIVE COMMITTEE OF THE BOARD INITIALLY ENGAGED AN INDEPENDENT SCHOOL COMPENSATION CONSULTANT TO ASSIST IN DESIGNING AND IMPLEMENETING THE CURRENT COMPENSATION PACKAGE/STRUCTURE OF THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE OF THE BOARD BENCHMARKS THE TERMS OF COMPENSATION FOR THE HEAD OF SCHOOL TO CONFIRM THAT THE POLICY IS IN-LINE WITH INDUSTRY STANDARDS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS/NAIS, ETC.). FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,230,764. MANAGEMENT AND GENERAL EXPENSES 217,651. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,448,415. FORM 990, PART XI, LINE 9: DECREASE IN UNFUNDED PENSION STATUS 378,131.