2025-03-28T15:16:14-05:00 2024-06-30 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2023-07-01 350909976 PARK TUDOR FOUNDATION INC PARK 3174152700 7200 NORTH COLLEGE AVENUE INDIANAPOLIS IN 46240 MARTY MEHRINGER CFOO 3174152853 2025-03-26 1 0 CASSE TATE P01271193 3175802000 2025-03-26 2023 2025-03-06 01:10:19Z MARTY MEHRINGER 7200 NORTH COLLEGE AVENUE INDIANAPOLIS IN 46240 33599453 0 X HTTP://WWW.PARKTUDOR.ORG X 1968 IN TO CREATE AN INSPIRING COLLEGE-PREPARATORY LEARNING ENVIRONMENT, WITH EXCEPTIONAL EDUCATORS AND EXTRAORDINARY OPPORTUNITIES, THAT PREPARES AND MOTIVES STUDENTS TO BECOME BALANCED, CONFIDENT, AND RESOURCEFUL LIFELONG LEARNERS. 19 19 407 800 0 0 3753057 3992578 26890111 28864490 363009 558637 92503 61648 31098680 33477353 3778406 3657253 0 0 19025470 19300746 0 0 1016591 11446586 11473025 34250462 34431024 -3151782 -953671 68003278 65492437 22286583 20441838 45716695 45050599 TO CREATE AN INSPIRING COLLEGE-PREPARATORY LEARNING ENVIRONMENT, WITH EXCEPTIONAL EDUCATORS AND EXTRAORDINARY OPPORTUNITIES, THAT PREPARES AND MOTIVES STUDENT TO BECOME BALANCED, CONFIDENT, AND RESOURCEFUL LIFELONG LEARNERS. 0 0 29490001 3657253 28864490 TO PROVIDE PRIVATE EDUCATION FOR 1015 STUDENTS AGES 3 THROUGH GRADE 12. 29490001 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 66 0 1 407 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 IN X MARTY MEHRINGER 3174152853 7200 N COLLEGE AVE INDIANAPOLIS IN 46240 ANDREA HAILEY CHAIR 1.00 X X 0 0 0 CATHY FERREE CHAIR EMERITUS 1.00 X X 0 0 0 ERSAL OZDEMIR VICE CHAIR 1.00 X X 0 0 0 SCOTT MOOREHEAD TREASURER 1.00 X X 0 0 0 CARLIE IRSAY-GORDON SECRETARY 1.00 X X 0 0 0 ERIC GERSHMAN BOARD MEMBER 1.00 X 0 0 0 DENISE CORDINGLEY BOARD MEMBER 1.00 X 0 0 0 LEIGH ANN LAUTH-O'NEILL BOARD MEMBER 1.00 X 0 0 0 AMAN BRAR BOARD MEMBER 1.00 X 0 0 0 THEODORE SCHENBERG BOARD MEMBER 1.00 X 0 0 0 ANOOP SONDHI BOARD MEMBER 1.00 X 0 0 0 ANAT ASHKENAZI BOARD MEMBER 1.00 X 0 0 0 RYAN NAGY BOARD MEMBER 1.00 X 0 0 0 MARY APPEL BOARD MEMBER 1.00 X 0 0 0 JESSICA BENSON COX BOARD MEMBER 1.00 X 0 0 0 DR KIM HARRIS BOARD MEMBER 1.00 X 0 0 0 JOE HAWKINS BOARD MEMBER 1.00 X 0 0 0 STEPHANIE GOODRID LAWSON BOARD MEMBER 1.00 X 0 0 0 MAITRI RAY BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER FRONT HEAD OF SCHOOL 40.00 X 267833 0 121777 DENNIS BISGAARD INTERIM HEAD OF SCHOOL TO JUNE 2023 40.00 X 193299 0 84816 HUIQIN ZHANG CFO TO JUNE 2023 40.00 X 144954 0 22352 AMBER CHANCE CONTROLLER AND INTERIM CFO 40.00 X 134424 0 27631 MARTY MEHRINGER CFOO BEGINNING JAN 2024 40.00 X 0 0 0 SHANTS HART ASSOC. HEAD OF SCHOOL TO JUNE 2023 40.00 X 446885 0 9958 KELLY TELLER DIRECTOR OF DEVELOPMENT 40.00 X 171546 0 34670 COURTNEY WHITEHEAD DIRECTOR OF ATHLETICS 40.00 X 137101 0 27550 BILL BISHOP DIRECTOR OF FACILITIES 40.00 X 134182 0 83904 SARAH WEBSTER DIRECTOR OF UPPER SCHOOL 40.00 X 145157 0 29187 MARY MCGONAGLE DIRECTOR OF LOWER SCHOOL 40.00 X 132438 0 28109 1907819 0 469954 16 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 210936024 FOOD SERVICES 960509 SHIEL SEXTON COMPANY INC 902 N CAPITOL AVENUE INDIANAPOLIS IN 462041005 CONSTRUCTION SERVICES 922122 NORTH MECHANICAL SERVICES INC 2627 N EMERSON AVENUE INDIANAPOLIS IN 462183235 MAINTENANCE 885839 QUEST FMS 2500 S HIGHLAND AVENUE STE 250 LOMBARD IL 601487100 FOOD SERVICES 818189 INDIANA SERVICES LLC PO BOX 241050 INDIANAPOLIS IN 462249250 CLEANING SERVICES 584475 13 46776 2432000 1513802 7458 3992578 TUITION AND FEES 611600 25600536 25600536 OTHER EDUCATIONAL PROGRAMS 611600 2422004 2422004 SUMMER PROGRAMS 611600 811581 811581 ADMISSIONS TESTING 611600 17700 17700 ENROLLMENT FEES 611600 12669 12669 28864490 558637 558637 6619 1516 5103 5103 5103 43535 46776 52791 -9256 -9256 78157 67793 10364 10364 VENDING/CONCESSION 611600 55437 55437 55437 33477353 28864490 0 620285 3657253 3657253 1275943 72777 1079399 123767 13261338 11947348 949052 364938 1031884 889779 107628 34477 2646890 2224658 320220 102012 1084691 877074 162897 44720 37619 37619 39360 39360 21538 21538 230479 5006 222136 3337 335464 220256 109872 5336 275853 249096 18730 8027 3255608 2853175 364142 38291 42102 39997 1263 842 120818 104606 16212 257616 257616 2828242 2771677 42424 14141 428595 420023 6429 2143 EDUCATIONAL EXPENSE 1623733 1616957 3388 3388 FOOD EXPENSE 1450911 1450911 DEVELOPMENT EXPENSE 266462 266462 ADMINISTRATION EXPENSE 154140 1884 147546 4710 104485 87524 16961 34431024 29490001 3924432 1016591 13296552 13126834 4209920 2902786 241952 338740 35918 43844 65219 57504 705697 729269 88634698 42227897 46957636 46406801 2490384 1886659 68003278 65492437 3535748 2751830 9364973 8921661 9385862 8768347 22286583 20441838 X 40874924 41503123 4841771 3547476 45716695 45050599 68003278 65492437 X -953671 54084 233491 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 81099865 106685 8708950 3167354 86748146 79582500 110680 4396454 2989769 81099865 87644937 64334 -4103509 4023262 79582500 68096521 753162 21641653 2846399 87644937 70714858 229514 1247811 4095662 68096521 0.74347 0.15379 0.10274 0 1 1 1834507 1834507 66624314 27895419 38728895 12265897 10038676 2227221 7909980 4293802 3616178 46406801 BONDS PAYABLE 8552772 LEASE PAYABLE 135575 EQUIPMENT LOAN 80000 8768347 X 29953623 54084 6130 69309 129523 29824100 3653253 3653253 33477353 30853210 6130 69309 75439 30777771 3653253 3653253 34431024 PART V, LINE 4: TO SUPPORT PARK TUDOR FOUNDATION PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME TAX IN FISCAL YEARS 2024 AND 2023. THE FOUNDATION FILES U.S. FEDERAL AND STATE OF INDIANA INFORMATION RETURNS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2021. MANAGEMENT BELIEVES THAT THE FOUNDATION'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,516. COST OF GOODS SOLD 67,793. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 3,653,253. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,516. COST OF GOODS SOLD 67,793. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 3,653,253. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PARK TUDOR INCLUDES THE NON DISCRIMINATION CLAUSE IN ALL PUBLICATIONS AND ADVERTISEMENTS. TRIVIA NIGHT 38952 30552 8400 9665 11600 PICKLE AT THE PARK 17890 5215 12675 1259 3888 1240 3 33469 11009 22460 2988 22151 90311 46776 43535 1259 16541 34991 52791 -9256 1 MERIT SCHOLARSHIPS 67 401516 VALUED DOLLAR FOR DOLLAR; NO CASH IS ISSUED TO THE RECIPIENT. THE AMOUNT AWARDED IS DIRECTLY CREDITED TO THE ACCOUNT WITH PARK TUDOR. NO CASH IS DIRECTLY RECEIVED. FINANCIAL AID ASSISTANCE 219 3251737 VALUED DOLLAR FOR DOLLAR; NO CASH IS ISSUED TO THE RECIPIENT. THE AMOUNT AWARDED IS DIRECTLY CREDITED TO THE ACCOUNT WITH PARK TUDOR. NO CASH IS DIRECTLY RECEIVED. ALUMNI ASSOCIATION COLLEGE SCHOLARSHIP 1 4000 PART I, LINE 2: WHEN A STUDENT IS AWARDED FINANCIAL ASSISTANCE THE STUDENT'S ACCOUNT IS DIRECTLY CREDITED FOR THE AWARDED AMOUNT; THEREFORE, THE MONEY AWARDED IS BEING USED FOR ITS INTENDED PURPOSE. THE ALUMNI ASSOCIATION COLLEGE SCHOLARSHIP IS AN AWARD FOR A GRADUATING STUDENT. X X 1 1 X X X X 1 1 0 0 0 0 0 0 0 SHANTS HART ASSOC. HEAD OF SCHOOL TO JUNE 2023 111557 0 0 0 335328 0 8923 0 1035 0 456843 0 0 0 CHRISTOPHER FRONT HEAD OF SCHOOL 223911 0 0 0 43922 0 29954 0 91823 0 389610 0 0 0 DENNIS BISGAARD INTERIM HEAD OF SCHOOL TO JUNE 2023 192500 0 0 0 799 0 24796 0 60020 0 278115 0 0 0 BILL BISHOP DIRECTOR OF FACILITIES 132981 0 0 0 1201 0 10628 0 73276 0 218086 0 0 0 KELLY TELLER DIRECTOR OF DEVELOPMENT 170812 0 0 0 734 0 13651 0 21019 0 206216 0 0 0 SARAH WEBSTER DIRECTOR OF UPPER SCHOOL 144624 0 0 0 533 0 11560 0 17627 0 174344 0 0 0 HUIQIN ZHANG CFO TO JUNE 2023 82525 0 0 0 62429 0 6600 0 15752 0 167306 0 0 0 COURTNEY WHITEHEAD DIRECTOR OF ATHLETICS 136580 0 0 0 521 0 10566 0 16984 0 164651 0 0 0 AMBER CHANCE CONTROLLER AND INTERIM CFO 134099 0 0 0 325 0 10720 0 16911 0 162055 0 0 0 MARY MCGONAGLE DIRECTOR OF LOWER SCHOOL 131713 0 0 0 725 0 10498 0 17611 0 160547 0 0 0 PART I, LINE 1A HOUSING, AND PERSONAL SERVICES ARE PROVIDED FOR THE HEAD OF THE SCHOOL. PART I, LINE 3 THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BASED UPON A PERFORMANCE REVIEW CONDUCTED BY THE BOARD OF DIRECTORS. THE HEAD OF SCHOOL'S COMPENSATION DECISION IS DETERMINED BY THE FULL BOARD. PRIOR TO ENTERING INTO A NEW CONTRACT, THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED BY AN INDEPENDENT PARTY. PART I, LINES 4A-B THE HEAD OF SCHOOL PARTICIPATES IN A 457 PLAN. SEVERANCE PAYMENTS WERE RECEIVED BY THE LISTED EMPLOYEES DURING THE CALENDAR YEAR 2023 AS FOLLOWS: SHANTS HART: $335,000 HUIQIN ZHANG: $62,100 7 RECIPIENTS BOARD MEMBERS & RELATED PARTIES HAD CHILD/GRANDCHILD RECEIVE FINANCIAL AID 159200 FINANCIAL AID FINANCIAL AID 3 RECIPIENTS BOARD MEMBERS & RELATED PARTIES HAD CHILD/GRANDCHILD RECEIVE SCHOLARSHIPS 5900 MERIT SCHOLARSHIPS MERIT SCHOLARSHIPS FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FULL RETURN IS PROVIDED TO AND REVIEWED BY THE CFOO, HEAD OF SCHOOL, BOARD CHAIR AND FINANCE COMMITTEE. AFTER THE BOARD CHAIR AND FINANCE COMMITTEE REVIEW THE RETURN, A COPY OF THE RETURN WITH THE NAMES OF THOSE DONORS WHO WISH TO REMAIN ANONYMOUS REDACTED FROM SCHEDULE B IS PROVIDED TO THE FULL BOARD FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS UPDATED AND SIGNED BY EACH MEMBER OF THE BOARD ANNUALLY. THE SUBMISSIONS ARE THEN REVIEWED BY THE ASSISTANT TO THE HEAD OF SCHOOL TO MONITOR AND MITIGATE CONFLICT ISSUES. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BASED UPON A PERFORMANCE REVIEW CONDUCTED BY THE BOARD OF DIRECTORS. THE HEAD OF SCHOOL'S COMPENSATION DECISIONS ARE DETERMINED BY THE PRESIDENT AND VICE PRESIDENT OF THE BOARD. PRIOR TO ENTERING INTO A NEW CONTRACT, THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED BY AN INDEPENDENT PARTY. COMPENSATION OF OFFICERS IS DETERMINED BY THE CFOO AND ADJUSTED/APPROVED BY THE HEAD OF SCHOOL. THESE SALARIES ARE NOT REVIEWED BY AN INDEPENDENT COMMITTEE. THE SALARIES RECEIVE A SET INCREASE AND ARE BENCHMARKED AGAINST SIMILAR POSITIONS AT PEER SCHOOLS. THE PROCESS IS NOT WRITTEN AND A DISCUSSION IS ONLY HAD WITH THE KEY EMPLOYEE IF THEY HAVE CONCERNS ON THE SALARY THEY ARE TO RECEIVE. CONTRACTS OR PAY LETTERS ARE DISTRIBUTED AND RETURNED TO HR TO SHOW AGREEMENT WITH THE STATED SALARY. COMPENSATION FOR KEY EMPLOYEES IS DETERMINED BY THE CFOO AND ADJUSTED/APPROVED BY THE HEAD OF SCHOOL. THESE SALARIES ARE NOT REVIEWED BY AN INDEPENDENT COMMITTEE. THE SALARIES RECEIVE A SET INCREASE AND ARE BENCHMARKED AGAINST SIMILAR POSITIONS AT PEER SCHOOLS. THE PROCESS IS NOT WRITTEN AND A DISCUSSION IS ONLY HAD WITH THE KEY EMPLOYEE IF THEY HAVE CONCERNS ON THE SALARY THEY ARE TO RECEIVE. CONTRACTS OR PAY LETTERS ARE DISTRIBUTED AND RETURNED TO HR TO SHOW AGREEMENT WITH THE STATED SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS AND POLICIES ARE NOT GENERALLY AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: TRANSFER OF FUNDS RELEASED FROM PRIOR YEAR RESTRICTION FROM AFFILIATE 233,491. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR. PARK TUDOR TRUST 7200 NORTH COLLEGE AVENUE INDIANAPOLIS IN 46240 237087103 SUPPORT OF PARK TUDOR FOUNDATION IN 501(C)(3) LINE 12A, I PARK TUDOR FOUNDATION 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 PARK TUDOR TRUST C 2432000 FMV PARK TUDOR TRUST E 1063027 FMV PARK TUDOR TRUST N 0 PARK TUDOR TRUST O 0 PARK TUDOR TRUST S 233491