2023-04-12T10:35:41-05:00 2022-06-30 752393478 WHITLEY PENN LLP 8343 DOUGLAS AVENUE SUITE 400 DALLAS TX 75225 990 2021-07-01 751390485 PARISH EPISCOPAL SCHOOL PARI 9722398011 4101 SIGMA ROAD DALLAS TX 75244 MARK KIRKPATRICK CFO 9722398011 2023-01-30 1 MARK KIRKPATRICK 999009999 CURTIS MAXFIELD P00445178 2143939300 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MARK KIRKPATRICK 4101 SIGMA ROAD DALLAS TX 75244 43731277 0 X WWW.PARISH.ORG X 1972 TX INSPIRED BY OUR VALUES OF WISDOM, HONOR, AND SERVICE, PARISH EPISCOPAL SCHOOL'S INCLUSIVE EPISCOPAL COMMUNITY GUIDES YOUNG PEOPLE TO BECOME CREATIVE LEARNERS AND BOLD LEADERS PREPARED TO IMPACT OUR COMPLEX GLOBAL SOCIETY. 29 29 459 426 1255 1255 4727046 4677026 33741378 37584972 -17032 -24403 -9939 222491 38441453 42460086 3428522 3608575 0 0 21962382 23637735 0 0 1143984 10980588 14392754 36371492 41639064 2069961 821022 99531938 98253002 58780991 55677795 40750947 42575207 INSPIRED BY OUR VALUES OF WISDOM, HONOR, AND SERVICE, PARISH EPISCOPAL SCHOOL'S INCLUSIVE EPISCOPAL COMMUNITY GUIDES YOUNG PEOPLE TO BECOME CREATIVE LEARNERS AND BOLD LEADERS PREPARED TO IMPACT OUR COMPLEX GLOBAL SOCIETY. 0 0 35485077 3608575 37840288 DURING THE FISCAL YEAR ENDED JUNE 30, 2022, PARISH EPISCOPAL SCHOOL PROVIDED QUALITY EDUCATIONAL SERVICES TO APPROXIMATELY 1,158 STUDENTS IN GRADES PRESCHOOL THROUGH TWELFTH GRADE. 35485077 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 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 204 0 1 459 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARK KIRKPATRICK 9722398011 4101 SIGMA ROAD DALLAS TX 75244 DAVE MONACO - EX OFFICIO ALLEN MEYER FAMILY HEAD OF 50.00 X X 544307 0 29820 TREY VELVIN CHAIR 10.00 X X 0 0 0 ALYSON JACKSON VICE CHAIR 10.00 X X 0 0 0 BOB MARSHALL TREASURER 10.00 X X 0 0 0 AMEETH SANKARAN SECRETARY 10.00 X X 0 0 0 FATHER CASEY SHOBE RECTOR THE CHURCH OF THE T 1.00 X 0 0 0 MARK RAMSEY - EX OFFICIO SENIOR WARDEN THE CHURCH OF TRANSFIGURATION 1.00 X 0 0 0 MICHELLE NORMAN TRUSTEE 1.00 X 0 0 0 SCOTT PERSHERN TRUSTEE 1.00 X 0 0 0 MICHAEL VILLA TRUSTEE 1.00 X 0 0 0 GARY WALSH TRUSTEE 1.00 X 0 0 0 SAIRA HABASH TRUSTEE 1.00 X 0 0 0 LAURIE WALLACE TRUSTEE 1.00 X 0 0 0 MARTY DEBUS TRUSTEE 1.00 X 0 0 0 SAM DWINELL TRUSTEE 1.00 X 0 0 0 DAVID FISK TRUSTEE 1.00 X 0 0 0 JADE LE TRUSTEE 1.00 X 0 0 0 QUINCY POWELL TRUSTEE 1.00 X 0 0 0 CAROL CARRINGTON TRUSTEE 1.00 X 0 0 0 LAUREL BREWSTER TRUSTEE 1.00 X 0 0 0 BILL GRIFFIN TRUSTEE 1.00 X 0 0 0 MICHELE GOUGH TRUSTEE 1.00 X 0 0 0 MICHAEL PEGUES TRUSTEE 1.00 X 0 0 0 LAURA BAGGETT TRUSTEE 1.00 X 0 0 0 JASON DEVENING TRUSTEE 1.00 X 0 0 0 NASH LOWRANCE TRUSTEE 1.00 X 0 0 0 KIMBERLY RICH TRUSTEE 1.00 X 0 0 0 HOLLYE FISK TRUSTEE 1.00 X 0 0 0 NANCY ANN HUNT TRUSTEE EMERITUS 1.00 X 0 0 0 JAY MADRID TRUSTEE EMERITUS 1.00 X 0 0 0 ALLEN MEYER TRUSTEE EMERITUS 1.00 X 0 0 0 J MARK KIRKPATRICK CHIEF FINANCIAL OFFICER 50.00 1.00 X 240877 0 23503 MICHELLE LYON ASSOCIATE HEAD OF SCHOOL 50.00 X 224785 0 20545 JENNIFER WILSON HEAD OF MIDDLE SCHOOL AND 50.00 X 152105 0 13647 AMY ARIAGNO DIRECTOR OF FINANCE 50.00 X 145214 0 23441 BRETT MCCABE DIRECTOR OF ATHLETICS 50.00 X 123346 0 18647 ANDREW JENNINGS HEAD OF UPPER SCHOOL 50.00 X 127024 0 14858 AHMAD AJAMI ASSISTANT DIRECTOR OF ATHLETICS 50.00 X 120626 0 14067 CRAIG SAVAGE US FACULTY 50.00 X 121568 0 6691 1799852 0 165219 14 0 1 0 MCCARTHY BUILDING COMPANIES INC 12001 N CENTRAL EXPRESSWAY DALLAS TX 75243 CONSTRUCTION 10148475 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 1004581 CORPORATE BUILDING SERVICES INC 11325 TANTOR ROAD DALLAS TX 75229 CLEANING SERVICE 314898 CHURCH OF THE TRANSFIGURATION 14115 HILLCREST ROAD DALLAS TX 75254 BUILDING SERVICES 222873 OUTSIDE THE LINES INC 2150 S TOWNE CNT PL 100 ANAHEIM CA 92806 CONSTRUCTION 134464 9 X 256739 293334 669000 3457953 599025 4677026 TUITION & FEES 611110 35270018 35270018 ENRICHMENT PROGRAMS 611600 1237792 1237792 AFTERNOON PRE-K 611110 797508 797508 SUMMER PROGRAMS 713990 279654 279654 37584972 28962 28962 15966 0 15966 15966 15966 53365 -53365 -53365 -53365 581455 293334 739362 -157907 -157907 82375 11913 70462 70462 736184 466551 269633 268378 1255 ATHLETICS GATE REVENUE 611600 16487 16487 APPLICATION FEES & REIMBUSEMENTS 611699 7850 7850 24337 42460086 37840288 1255 -58483 3608575 3608575 1280623 565880 714743 17299659 15302696 1330496 666467 912135 749783 125959 36393 2819844 2307847 421783 90214 1325474 1118339 155317 51818 311339 311339 72764 72764 176 176 1112354 1059692 52662 81167 4600 76567 323602 323602 425642 200352 225290 2722203 2659517 50744 11942 133275 133275 739559 721070 14791 3698 4042727 3941658 80855 20214 464624 450332 11434 2858 INSTRUCTION 2162384 2070604 91502 278 MISCELLANEOUS 1346606 590857 755749 DEVELOPMENT 454332 194230 260102 41639064 35485077 5010003 1143984 20022097 21967147 5974316 4056374 13100986 14031480 224432 189919 1972722 1914099 101261765 45243430 58126753 56018335 110632 75648 99531938 98253002 6392704 2413987 31877398 34265943 18607484 17837990 750000 510050 1153405 649825 58780991 55677795 X 38599103 39171588 2151844 3403619 40750947 42575207 99531938 98253002 X 821022 -342 1003580 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23793600 35715 -2703181 669000 99129 20358005 22134500 500000 4861747 592500 3000000 110147 23793600 22332133 25000 413469 538500 -24099 121701 22134500 21446703 551815 921828 467900 120313 22332133 20689618 -32870 1315294 410500 114839 21446703 0.82900 0.14500 0.02600 0 1 1 2607000 2607000 75907106 34036290 41870816 22358309 11207140 11151169 389350 389350 56018335 SWAP VALUATION ADJUSTMENT 149825 SEVERANCE ACCRUAL 500000 649825 X 39143803 -342 1266032 1265690 37878113 176 4581797 4581973 42460086 38274917 1217826 1217826 37057091 176 4581797 4581973 41639064 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR THE BENEFIT OF PARISH EPISCOPAL SCHOOL. PART X, LINE 2: PES AND THE ENDOWMENT FUND ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND THEREFORE NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAXES IN THE CONSOLIDATED FINANCIAL STATEMENTS. IN ADDITION, PES AND THE ENDOWMENT FUND HAVE BEEN CLASSIFIED AS ENTITIES THAT ARE NOT PRIVATE FOUNDATIONS WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. PES AND THE ENDOWMENT FUND ARE ALSO EXEMPT FROM STATE INCOME TAXES. MANAGEMENT HAS EVALUATED THE PES AND THE ENDOWMENT FUND FEDERAL AND STATE TAX POSITIONS AND BELIEVES THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AND BELIEVES THAT IT HAS NOT TAKEN A TAX POSITION THAT, IF CHALLENGED, WOULD HAVE A MATERIAL EFFECT ON THE SCHOOL'S CONSOLIDATED FINANCIAL STATEMENTS. THE SCHOOL IS REQUIRED TO FILE AN ANNUAL INFORMATION RETURN WITH THE INTERNAL REVENUE SERVICE ("IRS"). PES AND THE ENDOWMENT FUND EACH FILE FORM 990 IN THE UNITED STATES FEDERAL JURISDICTION WITHIN THE UNITED STATES AND NO TAX RETURNS ARE CURRENTLY UNDER EXAMINATION BY ANY TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 739,362. COST OF GOODS SOLD 466,551. GAMING EXPENSES 11,913. OTHER 48,206. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 3,608,575. REMISSION 973,222. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 739,362. GAMING EXPENSES 11,913. COST OF GOODS SOLD 466,551. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 3,608,575. REMISSION 973,222. SCHEDULE D, PART X, LINE 1, NUMBER 2: IN JULY 2018, THE SCHOOL ENTERED INTO AN INTEREST RATE EXCHANGE AGREEMENT WITH A BANK IN ORDER TO MITIGATE INTEREST RATE RISK. SCHEDULE D, PART X, LINE 1, NUMBER 3: THE SCHOOL ENTERED INTO SEPARATE SEVERANCE AGREEMENTS WITH FOUR EMPLOYEES, INCLUDING THE HEAD OF SCHOOL AS OF JUNE 30, 2022. ALL THESE PAYMENTS WILL BE PAID OUT IN THE NEXT TWELVE MONTHS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PARISH PUBLISHES A NONDISCRIMINATORY AD IN THE DALLAS MORNING NEWS EACH YEAR TO COMPLY WITH ITS NONDISCRIMINATORY POLICY. ITS POLICY IS ALSO DISCLOSED ON THE ENROLLMENT APPLICATION AND ON ITS WEBSITE. ANNUAL GALA 732989 207245 525744 214499 13190 258709 GOLF/TENNIS TOURNAMENT 83316 74839 8477 4705 38989 3932 816305 282084 534221 4705 253488 13190 262641 534024 197 14595 4560 0 67780 7353 0 82375 11913 11913 70462 TX 1 0 1 0 0.75000 0.25000 GAYLENE MCMAHON 4101 SIGMA ROAD DALLAS TX 75244 0 KRISTEN TWOMEY ORGANIZES AND PLANS GAMING EVENT AND MANAGES THE ACTUAL EVENT. X 0 1 FINANCIAL ASSISTANCE PROVIDED TO STUDENTS 168 3608575 FMV TUITION PART I, LINE 2: FINANCIAL AID IS AWARDED BASED SOLELY UPON DEMONSTRATED FINANCIAL NEED. A FAMILY'S NEED IS ASSESSED ANNUALLY THROUGH A COMPREHENSIVE REVIEW PROCESS. THE ANNUAL PROCESS REQUIRES THAT THE FAMILY COMPLETE AN APPLICATION AND PROVIDE A FULL SET OF TAX RETURNS INCLUDING ALL SUPPORTING SCHEDULES, EACH YEAR THAT THEIR CHILD IS ATTENDING THE SCHOOL. TO DETERMINE THE APPROPRIATE FINANCIAL AID, THE SCHOOL UTILIZES A STANDARD METHODOLOGY PROVIDED BY THE SCHOOL AND STUDENT SERVICES (SSS) WHICH IS USED BY INDEPENDENT SCHOOLS NATIONWIDE. THIS METHODOLOGY CALCULATES A CONTRIBUTION FOR EACH INDIVIDUAL FAMILY BASED UPON THE FAMILY'S SPECIFIC FINANCIAL SITUATION AND DISCRETIONARY INCOME. PRIOR TO MAKING AN AWARD, EACH APPLICANT'S FILE AND PROPOSED AWARD IS CAREFULLY REVIEWED BY A COMMITTEE TO ENSURE THE DECISIONS ARE BASED ON CONSISTENT APPLICATION OF NEED BASED CRITERIA. AID IS AWARDED TO STUDENTS AS A REDUCTION IN THEIR TUITION. NO CASH IS DISTRIBUTED TO RECIPIENTS. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 DAVE MONACO - EX OFFICIO ALLEN MEYER FAMILY HEAD OF 344307 0 200000 0 0 0 17400 0 12420 0 574127 0 0 0 J MARK KIRKPATRICK CHIEF FINANCIAL OFFICER 240877 0 0 0 0 0 13339 0 10164 0 264380 0 0 0 MICHELLE LYON ASSOCIATE HEAD OF SCHOOL 224785 0 0 0 0 0 13585 0 6960 0 245330 0 0 0 AMY ARIAGNO DIRECTOR OF FINANCE 145214 0 0 0 0 0 11021 0 12420 0 168655 0 0 0 JENNIFER WILSON HEAD OF MIDDLE SCHOOL AND 152105 0 0 0 0 0 7635 0 6012 0 165752 0 0 0 SCHEDULE J, PART I, LINE 1A DAVID MONACO IS PROVIDED A DISCRETIONARY BUDGET TO BE USED FOR THE ADVANCEMENT OF THE SCHOOL'S GOALS, OBJECTIVES AND MISSION IN THE BROADER COMMUNITY. THE DISCRETIONARY ANNUAL BONUS IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. A RED RIVER EDUCATION FINANCE CORPORATION 752791247 2010-12-30 27325000 PROVIDE EDUCATION FACILITIES FOR USE AT THE FARMERS BRANCH, TX CAMPUS 0 0 0 A 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X 20643 SALES PRICE X 12 532782 FMV X 35 45600 SALES PRICE 0 1 1 PART I, LINE 32B: PARISH EPISCOPAL SCHOOL HIRES A THIRD PARTY ORGANIZATION TO ORGANIZE AND TRACK THE SALE AND PROCEEDS FROM THE NON-CASH ITEMS SOLICITED BEFORE AND DURING THE GALA. AN AUCTIONEER IS HIRED TO CONDUCT THE LIVE AUCTION AT THE EVENT. THE SCHOOL USES A THIRD-PARTY, TRUIST BANK, TO LIQUIDATE NON-CASH STOCK DONATIONS. SUCH LIQUIDATION IS USUALLY UNDERTAKEN WITH ONE TO TWO DAYS OF RECEIPT OF THE CONTRIBUTION. FORM 990, PART VI, SECTION A, LINE 1A PER ARTICLE V, SECTION 5.1.A. OF THE SCHOOL'S BYLAWS, THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR, VICE-CHAIR, TREASURER, SECRETARY, CHAIR OF THE BUDGET & FINANCE COMMITTEE, HEAD OF SCHOOL, AND ANY ADDITIONAL MEMBERS AS DEEMED NECESSARY. THE EXECUTIVE COMMITTEE SHALL SERVE AS THE BOARD MANAGEMENT UNIT, DETERMINING BOARD AGENDA, DEVELOPING COMMITTEE LEADERSHIP, AND OVERSEEING COMMITTEE WORK. THE EXECUTIVE COMMITTEE SHALL ALSO ACT AS A DIRECT LIAISON WITH THE HEAD OF SCHOOL AND ESTABLISH GOALS AND OBJECTIVE FOR THE HEAD OF SCHOOL AND SUPERVISE THE HEAD OF SCHOOL'S PROGRESS. THE SENIOR WARDEN OF THE TRANSFIGURATION AND THE HEAD OF SCHOOL ARE EX-OFFICIO MEMBERS OF THE BOARD OF TRUSTEES AND HAVE NO VOTING RIGHTS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF THE FORM 990 IS REVIEWED AND APPROVED BY THE RISK MANAGEMENT COMMITTEE PRIOR TO FILING. THE FORM 990 IS ALSO MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY WAS ORIGINALLY APPROVED BY THE BOARD IN 1998 AND WAS MOST RECENTLY AMENDED IN 2007. THE POLICY IS DISTRIBUTED AT THE BEGINNING OF EACH YEAR TO ALL BOARD MEMBERS AND IS INCLUDED IN THE BOARD OF TRUSTEES MANUAL. THE POLICY REQUIRES THE BOARD MEMBER TO ATTEST THEY HAVE NOT HELD ANY OFFICE OR DIRECTORSHIP OR HAVE A PERSONAL FINANCIAL INTEREST, DIRECTLY OR INDIRECTLY, IN ANY CORPORATION, PARTNERSHIP OR ENTITY WHICH TRANSACTS BUSINESS WITH PARISH EPISCOPAL SCHOOL (THE SCHOOL), THEY DO NOT INDIVIDUALLY TRANSACT ANY BUSINESS, DIRECTLY OR INDIRECTLY, WITH THE SCHOOL AND ARE NOT RELATED TO ANY INDIVIDUAL IN THE EMPLOY OF THE SCHOOL OR DOING BUSINESS WITH THE SCHOOL. AT EACH COMMITTEE AND BOARD MEETING, MEMBERS ARE EXPECTED TO COMPLY WITH THE POLICY. ANY BOARD MEMBERS WITH A POTENTIAL CONFLICT OF INTEREST ARE EXPECTED TO RECUSE THEMSELVES FROM ANY RELEVANT ISSUE AND THE RECUSAL IS REFLECTED IN THE MINUTES OF THAT MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS OUTLINED IN HIS 3 YEAR CONTRACT. EACH YEAR THE EXECUTIVE COMMITTEE REVIEWS THE HEAD OF SCHOOL'S PERFORMANCE AND GOALS AND AN ANNUAL MERIT ADJUSTMENT IS MADE TO HIS COMPENSATION. THE CHIEF FINANCIAL OFFICER'S COMPENSATION IS BASED UPON EXPERIENCE UPON HIRE AND RECEIVES THE MERIT INCREASE FOR STAFF AS ESTABLISHED ANNUALLY BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE SCHOOL COMMUNITY (EMPLOYEES, VOLUNTEER LEADERSHIP, TRUSTEES) BUT NOT TO THE GENERAL PUBLIC OUTSIDE THE SCHOOL COMMUNITY. FROM 990, PART VIII, LINE 1H TOTAL OTHER CONTRIBUTIONS AMOUNT IS NET OF $29,162 IN UNCOLLECTIBLE PLEDGE EXPENSES, RESTRICTED. FORM 990, PART XI, LINE 9: CHANGE IN FAIR MARKET VALUE OF INTEREST SWAP 1,003,580. FORM 990, PART XII, LINE 2C: THE FINANCIAL REPORTING OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PARISH EPISCOPAL SCHOOL ENDOWMENT FUND INC 4101 SIGMA ROAD DALLAS TX 75244 752264376 FUND RAISING TX 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 PARISH EPISCOPAL SCHOOL ENDOWMENT FUND C 669000 CASH