2024-02-28T09:02:53-06:00 2023-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-07-01 231352646 HAVERFORD SCHOOL HAVE 4844172722 450 LANCASTER AVENUE HAVERFORD PA 19041 PETER MAAS CHIEF FINANCIAL OFFICER 4844172722 2023-10-02 1 PETER MAAS XXX-XX-XXXX 0 KERRI N BOGDA CPA P00760402 7177404863 2024-02-21 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PETER MAAS 450 LANCASTER AVENUE HAVERFORD PA 19041 63960521 0 X WWW.HAVERFORD.ORG X 1916 PA A NON-SECTARIAN COLLEGE PREP SCHOOL PRE-K-12, EDUCATES QUALIFIED BOYS OF DIFFERING BACKGROUNDS. 25 24 324 57 182125 696449 9466415 11841190 37261684 38851193 5358896 320361 1978898 2319706 54065893 53332450 9632218 9649000 0 0 22311107 22986060 0 0 3859556 12569027 15592017 44512352 48227077 9553541 5105373 222008012 228580905 62173353 62598579 159834659 165982326 X THE HAVERFORD SCHOOL, A NON-SECTARIAN COLLEGE PREPARATORY SCHOOL FOR JUNIOR KINDERGARTEN THROUGH GRADE TWELVE, PROVIDES A SUPERIOR LIBERAL ARTS EDUCATION FOR QUALIFIED BOYS OF DIFFERING BACKGROUNDS. WE ARE COMMITTED TO DEVELOPING THE FULL INTELLECTUAL, ARTISTIC, ATHLETIC AND MORAL POTENTIAL IN EACH BOY, AND WE AIM TO GRADUATE YOUNG MEN WITH STRONG CHARACTER WHO POSSESS A PASSION FOR LEARNING AND PROBLEM SOLVING. 0 0 39338390 9649000 38851193 PREPARING YOUNG MEN ACADEMICALLY FOR THE FUTURE IS UNDOUBTEDLY ONE OF THE MOST VALUABLE BENEFITS OF A HAVERFORD EDUCATION. BUT MORE IMPORTANTLY, WE GIVE BOYS A FOUNDATION OF SKILLS THEY NEED TO LEAD A FULFILLING AND MEANINGFUL LIFE. AS OUR STATEMENT OF VISION READS, "THE HAVERFORD FACULTY PREPARES EACH BOY TO BE FUTURE-READY THROUGH DEVELOPING HIS CHARACTER AND HIS EMOTIONAL INTELLIGENCE, AS WELL AS HIS ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS."THE HAVERFORD SCHOOL INCURS DIRECT INSTRUCTIONAL EXPENSES IN PRE-KINDERGARTEN THROUGH GRADE 12, ATHLETIC PROGRAMS, AND OTHER EXTRA-CURRICULAR ACTIVITY EXPENSES FOR APPROXIMATELY 1,000 STUDENTS. 39338390 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 99 0 324 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA MA NJ NY X PETER MAAS CHIEF FINANCIAL OFFICER 4844172722 450 LANCASTER AVENUE HAVERFORD PA 19041 TYLER CASERTANO HEADMASTER 40.00 0.00 X X 587560 0 36792 MAURICE D GLAVIN CHAIR 7.00 0.00 X X 0 0 0 CAROLINE R DE MARCO SECRETARY 0.50 0.00 X X 0 0 0 GEORGE B LEMMON JR VICE CHAIR/TREASURER 0.50 0.00 X X 0 0 0 KENNETH M BATE TRUSTEE 0.50 0.00 X 0 0 0 AMY BAKER TRUSTEE 0.50 0.00 X 0 0 0 AMY C BRIDDELL TRUSTEE 0.50 0.00 X 0 0 0 WILLIAM T CADDELL JR TRUSTEE 0.50 0.00 X 0 0 0 HANS R DAVIES TRUSTEE 0.50 0.00 X 0 0 0 RANDALL DRAIN TRUSTEE 0.50 0.00 X 0 0 0 THADDEUS J FORTIN TRUSTEE 0.50 0.00 X 0 0 0 EDWARD M TRUSTY JR TRUSTEE 0.50 0.00 X 0 0 0 JACK H KIRKPATRICK JR TRUSTEE 0.50 0.00 X 0 0 0 BARBARA KLOCK TRUSTEE 0.50 0.00 X 0 0 0 JEFFERY F LEE TRUSTEE 0.50 0.00 X 0 0 0 QUINCY MCCOY TRUSTEE 0.50 0.00 X 0 0 0 WADE L MCDEVITT TRUSTEE 0.50 0.00 X 0 0 0 JONATHAN R MORGAN TRUSTEE 0.50 0.00 X 0 0 0 MARTHA E ORTIZ TRUSTEE 0.50 0.00 X 0 0 0 RAVINDRA REDDY TRUSTEE 0.50 0.00 X 0 0 0 G BART SMITH TRUSTEE 0.50 0.00 X 0 0 0 NAFIS T SMITH TRUSTEE 0.50 0.00 X 0 0 0 FITZ DANIEL T TEPPER TRUSTEE 0.50 0.00 X 0 0 0 G NASH WATERMAN TRUSTEE 0.50 0.00 X 0 0 0 ROLAND YANG TRUSTEE 0.50 0.00 X 0 0 0 PETER MAAS CFO (AS OF 8/22) 40.00 0.00 X 83333 0 5760 JAMES THORBURN ASSISTANT HEADMASTER 40.00 0.00 X 300382 0 33227 PAM GREENBLATT LOWER SCHOOL HEAD 40.00 0.00 X 187898 0 18096 MICHAEL MURPHY ATHLETIC DIRECTOR 40.00 0.00 X 199228 0 32185 JAMES J GREYTOK JR HEAD OF MIDDLE SCHOOL 40.00 0.00 X 213297 0 31109 JEFFREY DAY DIR. OF DEVELOPMENT 40.00 0.00 X 235630 0 35872 GEORGE WOOD SENIOR DIRECTOR OF MAJOR GIFTS 40.00 0.00 X 161029 0 18333 MICHELE TODD DIR. OF HUMAN RESOURCES 40.00 0.00 X 142123 0 16495 NEAL COUSINS DIRECTOR OF COLLEGE COUNSELING 40.00 0.00 X 137004 0 21486 MARK FIFER UPPER SCHOOL HEAD 40.00 0.00 X 143150 0 25046 SARA ADKINS DEAN OF FACULTY 40.00 0.00 X 131879 0 25910 DAVID GOLD FORMER CFO (UNTIL 6/22) 40.00 0.00 X 276596 0 17297 BRIAN MCBRIDE FORMER ASSOC. HEAD EXTERNAL AFFAIRS (UNTIL 6/22) 40.00 0.00 X 134430 0 18870 2933539 0 336478 40 1 1 0 FIELD TURF CORP 7445 COTE-DE-LIESSE RD STE 200 MONTREAL QUEBEC CA H4T 1G2 TURF INSTALLATION 479169 RANIERI & KERNS ASSOC LLC 30 N SPROUL RD BROOMALL PA 19008 CONSTRUCTION 221950 WATTS RESTORATION CO INC 1704 BUSTLETON PIKE FEASTERVILLE PA 19053 GENERAL CONTRACTOR/ STONE RESTORATION 192090 SAPSIS RIGGING INC 870 BUNTING LANE BLDG A PRIMOS PA 19008 CONSTRUCTION 149222 FAEGRE DRINKER BIDDLE & REATH LLP ONE LOGAN SQ STE 2000 PHILADELPHIA PA 19103 LEGAL 139357 7 280092 605689 10955409 340105 11841190 TUITION & FEES 611710 38099649 38099649 DAY CARE PROGRAM 611710 616091 616091 MUSIC LESSONS 611710 125511 125511 ENRICHMENT PROGRAM 611710 9942 9942 38851193 447389 447389 284020 48677 235343 235343 235343 10374456 10484510 16974 -110054 -16974 -127028 -127028 277097 280092 77910 199187 199187 CAFETERIA 611710 1275667 1275667 CAFE SALES 611710 191628 191628 SUMMER CAMP 611710 176375 157946 18429 241506 24179 217327 1885176 53332450 38851193 182125 2457942 9649000 9649000 2399286 1284495 838854 275937 14629429 12171446 1055350 1402633 1234983 1053348 103992 77643 3575459 2968609 359337 247513 1146903 945318 120462 81123 460943 460943 80908 80908 152824 152824 2400706 2317850 82856 180114 180114 2255075 2016530 174278 64267 323363 323363 3006009 1826034 647706 532269 275656 237530 38126 46079 26606 12006 7467 4077411 3109742 531168 436501 246561 188046 32120 26395 INSTRUCTIONAL EXPENSES 867223 728536 138687 ATHLETIC DEPARTMENT 438890 438890 EVENT EXPENSES 253758 253758 DUES & SUBSCRIPTIONS 164739 53047 77026 34666 361758 160614 201144 48227077 39338390 5029131 3859556 X 18509 73031 11479065 16986369 2413769 2041790 1169 17488 651094 602655 162066166 61797294 100818936 100268872 10252260 12149328 95663550 95700818 709660 740554 222008012 228580905 2433059 2587437 7828792 8211586 30928454 30915387 66558 70169 20791667 20736111 124823 77889 62173353 62598579 X 121871903 127079814 37962756 38902512 159834659 165982326 222008012 228580905 X 5105373 1025322 16972 X 0 1 X 1 0 X 9590907 6765855 5736623 9456345 11841190 43390920 9590907 6765855 5736623 9456345 11841190 43390920 2540323 40850597 1487225 2178920 1697170 540235 731409 6634959 35065 16610 190162 182125 423962 1289857 1487605 1068182 1899515 1980148 7725307 58175148 181611074 0.70220 0.66530 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: APPLICATION FEES - 2018 AMOUNT: $ 15,000. 2019 AMOUNT: $ 12,150. 2020 AMOUNT: $ 27,860. ATHLETICS - 2018 AMOUNT: $ 87,900. 2019 AMOUNT: $ 38,492. 2020 AMOUNT: $ 56,300. 2021 AMOUNT: $ 82,500. 2022 AMOUNT: $ 70,645. CAFE SALES - 2018 AMOUNT: $ 103,731. 2019 AMOUNT: $ 97,831. 2020 AMOUNT: $ 97,216. 2021 AMOUNT: $ 176,287. 2022 AMOUNT: $ 191,628. CAFETERIA - 2018 AMOUNT: $ 1,011,714. 2019 AMOUNT: $ 868,259. 2020 AMOUNT: $ 487,930. 2021 AMOUNT: $ 1,133,753. 2022 AMOUNT: $ 1,275,667. HALL OF FAME DINNER - 2019 AMOUNT: $ 16,550. 2022 AMOUNT: $ 18,440. NON-CHARITABLE FUNDRAISING RECEIPTS - 2019 AMOUNT: $ 388,016. 2020 AMOUNT: $ 338,710. 2021 AMOUNT: $ 393,208. 2022 AMOUNT: $ 277,097. OTHER - 2018 AMOUNT: $ 54,277. 2019 AMOUNT: $ 52,222. 2020 AMOUNT: $ 37,724. 2021 AMOUNT: $ 89,897. 2022 AMOUNT: $ 37,492. SCHOOL STORE - 2018 AMOUNT: $ 4,066. 2019 AMOUNT: $ 5,957. 2020 AMOUNT: $ 2,053. 2021 AMOUNT: $ 4,476. 2022 AMOUNT: $ 2,613. SUMMER CAMP - 2020 AMOUNT: $ 15,375. 2021 AMOUNT: $ 5,412. 2022 AMOUNT: $ 18,429. THEATER PRODUCTIONS - 2018 AMOUNT: $ 12,208. 2019 AMOUNT: $ 8,128. 2020 AMOUNT: $ 1,740. 2021 AMOUNT: $ 13,982. 2022 AMOUNT: $ 24,843. YEARBOOK SALES - 2018 AMOUNT: $ 961. 2020 AMOUNT: $ 3,274. TUITION INSURANCE REIMBURSEMENT - 2022 AMOUNT: $ 46,525. ESF SPONSORSHIP - 2022 AMOUNT: $ 11,458. MADOFF VICTIM FUND - 2022 AMOUNT: $ 5,311. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 105916013 905359 1156356 127582 107850146 109192458 2584495 -5552067 308873 105916013 86416352 1188696 22008899 421489 109192458 83420561 1528695 1937238 470142 86416352 76923595 2555870 3941096 83420561 0.65100 0.31000 0.03900 0 0 8215773 8215773 137390529 55223556 82166973 16354786 6573738 9781048 105078 105078 100268872 ALTERNATIVE INVESTMENTS 95700818 F 95700818 ACCRUED POSTRETIREMENT HEALTH COSTS 77889 77889 X 44699507 1025322 -9784852 -8759530 53459037 -126587 -126587 53332450 38551840 126587 126587 38425253 9801824 9801824 48227077 PART V, LINE 4: THE ENDOWMENT FUND SUPPORTS THE MISSION OF THE SCHOOL THROUGH SCHOLARSHIPS, PROGRAM SUPPORT, AND FACULTY SUPPORT. PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST OR PENALTIES WERE RECOGNIZED IN 2023. THE SCHOOL'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR THE YEARS ENDED JUNE 30, 2022, 2021 AND 2020 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE DATE THE RETURN WAS FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS -9,649,000. INVESTMENT FEES -152,824. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 16,972. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -77,910. RENTAL EXPENSES -48,677. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 77,910. RENTAL EXPENSES 48,677. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS 9,649,000. INVESTMENT FEES 152,824. 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 HAVERFORD SCHOOL IS A MEMBER OF A LOCAL CONSORTIUM CALLED "ADVIS" THAT PUBLISHES A NONDISCRIMINATORY STATEMENT IN NEWSPAPERS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES BOOKS FROM THE PENNSYLVANIA DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 20244620 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATIONAL TRIPS FOR STUDENTS 123348 0 0 0 0 0 0 20367968 0 20367968 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINES 3, 4 AND 5: THE ORGANIZATION HAS INTERESTS IN FOREIGN CORPORATIONS AND PARTNERSHIPS, HOWEVER, ITS PERCENTAGE OWNERSHIP DOES NOT EXCEED THE THRESHOLD FOR REPORTING ON THESE FOREIGN FORMS. HSPA PARTY FOR A PURPOSE 358695 224435 134260 46212 DOC THOMAS GOLF OUTING 54347 31007 23340 15580 9358 1 40225 24650 15575 850 5910 453267 280092 173175 62642 15268 77910 95265 1 SCHOLARSHIPS & FINANCIAL AID 411 9649000 PART I, LINE 2: GRANT FUNDS ARE DETERMINED USING AN OUTSIDE SERVICE WHICH CALCULATES NEED FOR TUITION ASSISTANCE. THE FUNDS OR TUITION DISCOUNT IS THEN APPLIED AGAINST THE TUITION OBLIGATION AT THE SCHOOL. FAMILIES ARE ASKED TO NOTIFY THE SCHOOL IF THEIR FINANCIAL SITUATION CHANGES. X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 TYLER CASERTANO HEADMASTER 417175 0 61500 0 108885 0 21218 0 15574 0 624352 0 0 0 JAMES THORBURN ASSISTANT HEADMASTER 252882 0 0 0 47500 0 25288 0 7939 0 333609 0 0 0 DAVID GOLD FORMER CFO (UNTIL 6/22) 133176 0 10244 0 133176 0 13318 0 3979 0 293893 0 0 0 JEFFREY DAY DIR. OF DEVELOPMENT 205630 0 0 0 30000 0 20563 0 15309 0 271502 0 0 0 JAMES J GREYTOK JR HEAD OF MIDDLE SCHOOL 183297 0 0 0 30000 0 18330 0 12779 0 244406 0 0 0 MICHAEL MURPHY ATHLETIC DIRECTOR 169228 0 0 0 30000 0 16923 0 15262 0 231413 0 0 0 PAM GREENBLATT LOWER SCHOOL HEAD 157898 0 0 0 30000 0 15790 0 2306 0 205994 0 0 0 GEORGE WOOD SENIOR DIRECTOR OF MAJOR GIFTS 161029 0 0 0 0 0 16103 0 2230 0 179362 0 0 0 MARK FIFER UPPER SCHOOL HEAD 143150 0 0 0 0 0 14315 0 10731 0 168196 0 0 0 MICHELE TODD DIR. OF HUMAN RESOURCES 142123 0 0 0 0 0 14212 0 2283 0 158618 0 0 0 NEAL COUSINS DIRECTOR OF COLLEGE COUNSELING 137004 0 0 0 0 0 13700 0 7786 0 158490 0 0 0 SARA ADKINS DEAN OF FACULTY 131879 0 0 0 0 0 13188 0 12722 0 157789 0 0 0 BRIAN MCBRIDE FORMER ASSOC. HEAD EXTERNAL AFFAIRS 112025 0 22405 0 0 0 11203 0 7667 0 153300 0 0 0 PART I, LINE 1A HEADMASTER TYLER CASERTANO RECEIVED A HOUSING ALLOWANCE THAT WAS INCLUDED IN HIS TAXABLE WAGES. THE FAIR MARKET VALUE OF HIS HOUSING ALLOWANCE FOR 2022 WAS $100,485. THE FAIR MARKET VALUE OF HIS CAR ALLOWANCE FOR 2022 WAS $8,400. THE FOLLOWING PERSONNEL ARE REQUIRED TO RESIDE ON CAMPUS AND THEIR HOUSING ALLOWANCES ARE LIKEWISE INCLUDED IN THEIR TAXABLE WAGES: TYLER CASERTANO, JAMES THORBURN, PAM GREENBLATT, MICHAEL MURPHY, AND JEFFREY DAY. JAMES THORBURN ALSO RECEIVED A TAX GROSS-UP PAYMENT RELATED TO HIS TAXABLE HOUSING ALLOWANCES. PART I, LINE 4A DAVID GOLD RECEIVED A SEVERANCE OF $133,176 PART I, LINE 7 THE HEADMASTER RECEIVED A BONUS BASED ON GOALS AND CRITERIA DETERMINED BY THE BOARD ON A DISCRETIONARY BASIS. THE CRITERIA WERE NOT BASED ON EITHER REVENUE OR NET EARNINGS. A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 613609K70 2019-08-29 31346737 REFINANCING PREVIOUS DEBT AND ADDITIONAL FUNDS FOR NEW CONSTRUCTION 0 0 0 A 31346737 280927 4065810 27000000 2020 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 KATHERINE THORBURN KATHERINE THORBURN IS THE SPOUSE OF JAMES THORBURN, A KEY EMPLOYEE 133244 KATHERINE THORBURN IS AN EMPLOYEE AS IS HER SPOUSE, JAMES THORBURN. KATHERINE'S SALARY AND BENEFITS ARE BEING REPORTED. KATHERINE DOES NOT REPORT TO JAMES NOR DOES JAMES PARTICIPATE IN SALARY DISCUSSIONS RELATED TO KATHERINE. 0 X 160155 PURCHASE PRICE X 7 179950 NYSE PRICE 0 0 1 0 PART I, COLUMN (B): THE NUMBERS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A SOMETIMES THE BROADER BOARD WILL VOTE TO GIVE AUTHORITY TO THE EXECUTIVE COMMITTEE, COMPOSED OF THE CHAIR, THE VICE CHAIR, SECRETARY, TREASURER, THREE OTHER MEMBERS AND THE HEADMASTER. THE SCOPE IS ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 11B THE INITIAL REVIEW IS UNDERTAKEN BY THE CHIEF FINANCIAL OFFICER. ONCE THE CFO APPROVES, THE SCHOOL WILL THEN CIRCULATE THE RETURN IN ITS ENTIRETY TO THE FULL BOARD FOR COMMENTS OR QUESTIONS BEFORE THE RETURN IS TRANSMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD OF TRUSTEES IS REQUIRED TO COMPLETE A QUESTIONNAIRE TO HIGHLIGHT ANY CONFLICTS. BUSINESS AND PERSONAL RELATIONSHIPS ARE SPECIFICALLY MENTIONED IN THE POLICY AS HAVING POTENTIAL FOR CONFLICTS OF INTEREST. THE CHIEF FINANCIAL OFFICER REVIEWS THE FORMS ANNUALLY TO DETERMINE IF ANY CONFLICTS EXIST. IF A POTENTIAL CONFLICT ARISES, THE BOARD MEMBER, OFFICER, OR KEY EMPLOYEE IN QUESTION RECUSES HIMSELF OR HERSELF FROM ANY VOTES OR DECISIONS RELATED TO THE CONFLICT. OFFICERS AND KEY EMPLOYEES ARE HELD RESPONSIBLE FOR ANY POTENTIAL CONFLICTS UNDER THE SCHOOL'S "CODE OF CONDUCT" POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES AND THE EXECUTIVE COMMITTEE. THEY ENGAGE AN OUTSIDE CONSULTANT FOR ASSISTANCE IN DETERMINING THE HEAD OF SCHOOL'S CONTRACT. THE CONSULTANT BENCHMARKS/SAFE HARBORS AGAINST OTHER HEADS OF SCHOOL IN THE INDUSTRY TO ENSURE THE HEAD OF SCHOOL'S COMPENSATION IS WITHIN FAIR MARKET RANGE. THE CURRENT HEAD OF SCHOOL STARTED IN 2021, AND HAS A CONTRACT THROUGH 2026. CHANGES SUCH AS THE NEW HEAD OF SCHOOL'S EMPLOYMENT CONTRACT ARE DOCUMENTED IN THE BOARD MINUTES. OTHER KEY EMPLOYEES' SALARIES ARE ANNUALLY BENCHMARKED WITH SALARY INFORMATION FROM SIMILAR LOCAL SCHOOLS, BY THE DIRECTOR OF HUMAN RESOURCES. THE HEAD OF SCHOOL DETERMINES COMPENSATION FOR OTHER KEY EMPLOYEES. THE HEAD OF SCHOOL CONSULTS WITH THE CHAIRMAN OF THE BOARD OF TRUSTEES AND FINANCE COMMITTEE CHAIR ON OTHER KEY EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 16,972. FRIENDS OF HAVERFORD SCHOOL ROWING 450 LANCASTER AVE HAVERFORD PA 19041 232579468 STRENGTHEN AND PRESERVE CREW PROGRAM PA 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0