2025-04-28T16:41:27-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2023-07-01 860374130 THE GREGORY SCHOOL GREG 5203276395 3231 NORTH CRAYCROFT ROAD TUCSON AZ 85712 AMY SEGER INTERIM HEAD OF SCHOOL 5203276395 2025-04-25 1 1 LISA N RYSSEL CPA P00643670 7149781300 2025-04-25 2023 2025-03-06 01:10:19Z CECI ALTER 3231 NORTH CRAYCROFT ROAD TUCSON AZ 85712 10976894 0 X WWW.GREGORYSCHOOL.ORG X 1979 AZ PREPARES STUDENTS TO MAKE A POSITIVE IMPACT IN THE WORLD. 13 13 131 75 0 0 2521559 2362403 7085201 7324313 6021 47648 10333 8620 9623114 9742984 1466201 1484950 0 0 5309792 5773093 0 0 235324 2614635 2606587 9390628 9864630 232486 -121646 9544900 9340237 2636136 2091316 6908764 7248921 THE GREGORY SCHOOL, AS A DIVERSE LEARNING COMMUNITY, CHALLENGES AND SUPPORTS STUDENTS TO ACHIEVE EXCELLENCE IN CHARACTER, SCHOLARSHIP, LEADERSHIP, AND INNOVATION AND PREPARES THEM TO MAKE A POSITIVE IMPACT IN THE WORLD. 0 0 7270571 1484950 7324313 TO PROVIDE EDUCATION TO APPROXIMATELY 370 STUDENTS IN 5TH THROUGH 12TH GRADE. 7270571 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 19 0 1 131 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X MARY BABBITT DIRECTOR OF FINANCE 5203276395 3231 NORTH CRAYCROFT ROAD TUCSON AZ 85712 JULIE SHERRILL HEAD OF SCHOOL (END 06/24) 40.00 0.00 X 248820 0 18276 MARY BABBITT DIRECTOR OF FINANCE 40.00 0.00 X 102000 0 13795 CLAUDINE MESSING PRESIDENT 2.00 0.00 X X 0 0 0 JENNIFER CARRELL VICE PRESIDENT (END 06/24) 2.00 0.00 X X 0 0 0 MARIE MALONEY SECRETARY (END 06/24) 2.00 0.00 X X 0 0 0 RACHNA SHROFF SECRETARY 2.00 0.00 X X 0 0 0 ERIN PARADISE TREASURER 2.00 0.00 X X 0 0 0 LINDSEY BAKER VICE PRESIDENT 2.00 0.00 X X 0 0 0 AMBER ADILL TRUSTEE (AS OF 11/23) 1.00 0.00 X 0 0 0 CECILIA LOU ALTER TRUSTEE 1.00 0.00 X 0 0 0 CLAYTON COLWELL TRUSTEE 1.00 0.00 X 0 0 0 CASEY LOOBY TRUSTEE 1.00 0.00 X 0 0 0 KEVIN LOUFTY TRUSTEE 1.00 0.00 X 0 0 0 TOM PEW TRUSTEE 1.00 0.00 X 0 0 0 PAMELA TREADWELL-RUBIN TRUSTEE 1.00 0.00 X 0 0 0 350820 0 32071 2 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE PROVIDER 538344 1 458661 1903742 2362403 TUITION 611110 7134771 7134771 ACTIVITY FEES & MISC. CHARGES 611110 189542 189542 7324313 49209 49209 32620 24000 8620 8620 8620 1208349 1208349 1561 0 -1561 -1561 -1561 9742984 7324313 0 56268 1484950 1484950 365247 98828 217005 49414 4438595 3132066 1274784 31745 210779 148935 61844 403530 296655 102737 4138 354942 243309 105714 5919 42141 42141 14281 14281 28408 28408 60078 60078 22497 15684 6813 81182 22110 46890 12182 421573 350941 69625 1007 46181 46181 35560 29792 5768 414296 351446 61840 1010 142169 142169 INSTRUCTIONAL EXPENSES 1021161 1021161 OTHER MISCELLANEOUS COS 263435 60364 145821 57250 STUDENT ACTIVITIES 13625 13625 9864630 7270571 2358735 235324 1065620 286799 1203057 1400553 1150 127948 93170 15026649 10895072 3987099 4131577 2893714 3205139 267462 221849 9544900 9340237 351860 324409 1988708 1507383 28106 37675 267462 221849 2636136 2091316 X 3917250 3879559 2991514 3369362 6908764 7248921 9544900 9340237 -121646 461803 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 2893714 38333 458298 153001 14106 3223238 2733534 47308 278788 148000 17916 2893714 3048918 162657 -245068 207000 25973 2733534 2475652 46230 685206 140331 17839 3048918 2531727 40300 58643 138500 16518 2475652 0.00000 0.57090 0.42910 0 0 1109277 1109277 11028795 10130143 898652 1292339 134851 1157488 1084712 378571 706141 511526 251507 260019 4131577 CORE EQUITY FUND 1658799 F HIGH QUALITY BOND FUND 330475 F POOLED INVESTMENT FUNDS 1215865 F 3205139 LEASE LIABILITY 221849 221849 X 8705556 461803 461803 8243753 14281 1484950 1499231 9742984 8365399 0 8365399 14281 1484950 1499231 9864630 PART V, LINE 4: THE GREGORY SCHOOL'S ENDOWMENT CONSISTS OF 14 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS. PART X, LINE 2: THE SCHOOL IS REQUIRED TO PERFORM AN EVALUATION OF ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE SCHOOL'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. THIS EVALUATION IS REQUIRED TO BE PERFORMED FOR ALL OPEN TAX YEARS, AS DEFINED BY THE VARIOUS STATUTES OF LIMITATIONS, FOR FEDERAL AND STATE PURPOSES. THE SCHOOL IS ONLY SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS TAXABLE INCOME (UBTI). AS A RESULT, THE SCHOOL IS REQUIRED TO FILE INFORMATIONAL RETURNS FOR FEDERAL AND STATE PURPOSES AND, IF IT HAS UBTI, FEDERAL AND STATE INCOME TAX RETURNS. THE FEDERAL AND STATE TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER FILED. MANAGEMENT HAS PERFORMED ITS EVALUATION OF TAX POSITIONS TAKEN ON ALL OPEN TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS 1,484,950. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS 1,484,950. 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 SCHOOL'S NONDISCRIMINATORY POLICY IS PUBLICIZED ON ITS WEBSITE'S HOMEPAGE PER IRS REVENUE PROCEDURE 2019-22. 1 SCHOLARSHIPS AND FINANCIAL AID 73 1089450 0 N/A N/A TUITION REMISSION 17 162525 0 N/A N/A PART I, LINE 2: A COMMITMENT TO INCLUSION IS AN ESSENTIAL ELEMENT OF THE GREGORY SCHOOL'S EDUCATIONAL PHILOSOPHY AND SCHOOL CULTURE. BECAUSE THE SCHOOL IS DETERMINED TO MAKE THE GREGORY SCHOOL EDUCATION ACCESSIBLE TO FAMILIES FROM A WIDE VARIETY OF ECONOMIC BACKGROUNDS, WE OFFER TUITION ASSISTANCE BASED ON A FAMILY'S FINANCIAL NEED. FAMILIES ARE REQUIRED TO COMPLETE A FINANCIAL AID APPLICATION WHICH IS EVALUATED BY THE GREGORY SCHOOL AND USED AS A GUIDELINE TO DETERMINE THE BASELINE FOR FINANCIAL ASSISTANCE AND TUITION. FINANCIAL ASSISTANCE IS THEN APPLIED DIRECTLY TO THE STUDENTS' ACCOUNTS. X X X 0 0 0 0 0 0 0 1 0 JULIE SHERRILL HEAD OF SCHOOL (END 06/24) 228820 0 20000 0 0 0 11441 0 6835 0 267096 0 0 0 PART I, LINE 7 THE HEAD OF SCHOOL RECEIVED A NONFIXED PAYMENT IN THE FORM OF A BONUS IN 2023. SEE SCHEDULE J PART II. FORM 990, PART VI, SECTION A, LINE 1A THERE IS AN EXECUTIVE COMMITTEE CONSISTING OF THE OFFICERS AND ANY HONORARY MEMBERS OR EX OFFICIO MEMBERS, AS DETERMINED BY THE PRESIDENT. NOT WITHSTANDING THE PROVISIONS OF SECTION 2 OF ARTICLE V OR OF ARTICLE X OF THE BYLAWS, THE EXECUTIVE COMMITTEE IS AUTHORIZED TO EXPEDITE THE TRANSACTION OF BUSINESS AND MANAGEMENT OF THE CORPORATION BETWEEN REGULAR MEETINGS OF THE BOARD AND BE AUTHORIZED TO APPROVE EXPENDITURES NOT TO EXCEED $10,000. SUBJECT TO ANY SPECIFIC LIMITATION IMPOSED BY APPLICABLE LAW, THE ARTICLES, OR THE BYLAWS, THE EXECUTIVE COMMITTEE HAS SUCH FURTHER SPECIFIC POWERS AS MAY FROM TIME TO TIME BE CONFERRED UPON IT BY RESOLUTION OL THE BOARD, AND THE EXECUTIVE COMMITTEE MAY EXERCISE SUCH POWERS IN SUCH MANNER AS IT MAY DEEM FOR THE BEST INTERESTS OF THE CORPORATION IN ALL CASES IN WHICH SPECIFIC DIRECTIONS HAVE NOT BEEN GIVEN BY THE BOARD. UNLESS EXPRESSLY AUTHORIZED BY A MAJORITY OF THE BOARD, IN NO EVENT WILL THE EXECUTIVE COMMITTEE HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD FOR THE PURPOSE OF (A) AMENDING THE BYLAWS OR THE ARTICLES. (B) AMENDING THE BUDGET, OR (C) MAKING DECISIONS COVERING THE SELECTION OR RETENTION OF THE HEAD OF SCHOOL. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE MUST BE REPORTED TO THE BOARD AND INCLUDED IN THE MINUTES OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE 990 IS REVIEWED IN DETAIL BY THE HEAD OF SCHOOL, DIRECTOR OF FINANCE, AND THE FINANCE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON (ANY TRUSTEE, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTE IWTH GOVERNING BOARD DELATEGATED POWERS WHO HAS A DIRECT OR INDIRECT FIANNCIAL INTEREST) MUST DISCLOSE THE EXISTANCE OF THE CONFLICT OF INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF A FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON, WHEREIN THE QUALIFIED PERSONS DECIDE IF A CONFLICT OF INTEREST EXISTS. THE POLICY IS REVIEWED ANNUALLY OR WITH MAJOR CHANGES IN BOARD MEMBERSHIP. AFTER EXERCISING DUE DILLIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE SCHOOL CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVENTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVENTAGOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE, THE GOVERNING BOARD OR COMMITTE SHALL DETERMINE BY A MAJORITY VOTE, BY AT LEAST TWO OF THE QUALIFIED PERSONS, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE SCHOOL'S BEST INTEREST, AND WHETHER IT IS FAIR AND REASONABLE. FORM 990, PART VI, SECTION B, LINE 15A A SUBSET OF THE BOARD REVIEWS THE EMPLOYMENT CONTRACT FOR THE HEAD OF SCHOOL WITHIN THE FINAL YEAR OF THE THEN-CURRENT CONTRACT, AND THEN BOTH THE EXECUTIVE COMMITTEE AND THE FULL BOARD OF TRUSTEES REVIEW AND APPROVE SUBSTANTIVE CHANGES TO THE RENEWAL CONTRACT, AS APPLICABLE. DATA FROM OTHER INDEPENDENT SCHOOLS IS COMPARED AS PART OF THE CONTRACT RENEWAL PROCESS. MINUTES FROM APPLICABLE EXECUTIVE AND BOARD MEETINGS REFLECT THAT THE CONTRACT WAS REVIEWED AND APPROVED. THE HEAD OF SCHOOL AND DIRECTOR OF FINANCE REVIEW THE SALARIES ANNUALLY OF THE REMAINING EMPLOYEES, WITH THE HEAD OF SCHOOL RESPONSIBLE FOR THE FINAL DETERMINATION THEREOF. SALARIES OF SIMILAR POSITIONS AND LENGTH OF SERVICE AT THE LARGEST PUBLIC SCHOOL DISTRICT IN THE LOCAL AREA ARE USED AS BENCHMARKS FOR COMPARISON WITH ADJUSTMENTS BASED ON MERIT. THE SALARIES ARE DOCUMENTED IN THE ANNUAL EMPLOYMENT CONTRACTS. SALARIES AND RELATED EMPLOYMENT BENEFITS ARE REVIEWED ANNUALLY WITH THE BOARD OF TRUSTEES INPUT ABOUT ANY ACROSS THE BOARD RAISES. THIS PROCESS WAS LAST COMPLETED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENTENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. INDEPENDENT SCHOOLS CORPORATE TAX FOUNDATION 3219 E CAMELBACK RD 288 PHOENIX AZ 85018 274662958 PROVIDE SCHOLARSHIP GRANTS FOR QUALIFIED PRIVATE SCHOOL STUDENTS AZ 501(C)(3) LINE 12A, I 0 ARIZONA INDEPENDENT SCHOOLS SCHOLARSHIP FOUNDATION 423 N TUCSON BLVD TUCSON AZ 85716 311623961 PROVIDE SCHOLARSHIP GRANTS FOR QUALIFIED PRIVATE SCHOOL STUDENTS AZ 501(C)(3) LINE 12A, I 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ARIZONA INDEPENDENT SCHOOLS SCHOLARSHIP FOUNDATION C 458661 FMV