2023-11-01T10:23:44-05:00 2023-06-30 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2022-07-01 237091186 THE PHILADELPHIA SCHOOL PHIL 2155455323 2501 LOMBARD STREET PHILADELPHIA PA 19146 ZACHARY KLEHR PRESIDENT-BOARD OF TRUSTEES 2155455323 2023-10-27 1 ZACHARY KLEHR 999009999 0 HELEN M MARTIN P01330899 2158818800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ZACHARY KLEHR 2501 LOMBARD STREET PHILADELPHIA PA 19146 17617440 0 X WWW.TPSCHOOL.ORG X 1970 PA THE PHILADELPHIA SCHOOL EDUCATES CHILDREN FOR A FUTURE THAT IS IMPOSSIBLE TO KNOW BUT NOT IMPOSSIBLE TO SHAPE. LEARN HERE. GO ANYWHERE. 22 20 185 50 0 0 2723193 3464137 12261917 13047696 284229 300766 -48321 -52739 15221018 16759860 2028962 1998681 0 0 7732384 8096699 0 0 380253 3992397 4289804 13753743 14385184 1467275 2374676 27222839 30100596 3545857 3674152 23676982 26426444 X THE PHILADELPHIA SCHOOL EDUCATES CHILDREN FOR A FUTURE THAT IS IMPOSSIBLE TO KNOW BUT NOT IMPOSSIBLE TO SHAPE. LEARN HERE. GO ANYWHERE. 0 0 10577741 1959800 12024783 EDUCATION FOR STUDENTS FROM PRESCHOOL TO 8TH GRADE; 40 PRESCHOOL, 48 KINDERGARTEN, 101 PRIMARY UNIT (GRADES 1-2), 119 JUNIOR UNIT (GRADES 3-5), 97 MIDDLE SCHOOL (GRADES 6-8).THE PHILADELPHIA SCHOOL'S PROGRESSIVE APPROACH TO LEARNING AND TEACHING HAS DEEP THINKING, INNOVATION, AND AGENCY AS ITS GUIDING VALUES. WE ENCOURAGE CHILDREN TO EXPLORE AND PUSH THE BOUNDARIES OF POSSIBILITY TO FULFILL THEIR INTELLECTUAL, SOCIAL, AND CIVIC POTENTIAL. WE APPROACH LEARNING THROUGH INQUIRY, PROJECTS, AND COMMUNITY. CORE VALUES AND NEW RESEARCH INFORM THE SCHOOL'S PROGRAM AND PEDAGOGICAL PRACTICES. OUR INTERDISCIPLINARY, THEME-BASED APPROACH PREPARES STUDENTS TO BUILD A STRONGER AND MORE INCLUSIVE SCHOOL, COMMUNITY, AND SOCIETY FOR TODAY AND TOMORROW. AS AN URBAN PRESCHOOL-8TH GRADE SCHOOL, WE ADDRESS SPECIFICALLY HOW YOUNG STUDENTS DEVELOP INTELLECTUALLY, CREATIVELY, EMOTIONALLY, SOCIALLY, AND PHYSICALLY. THROUGH OUR COMMITMENT TO DIVERSITY, WE SEEK TO NURTURE EACH STUDENT'S MORAL COMPASS, SENSE OF PERSONAL INTEGRITY, AND RESPECT FOR INDIVIDUALITY. LEARNING IN THE CITY, COUNTRY, AND CLASSROOM AFFIRMS OUR FOUNDERS' GOAL OF EDUCATING CHILDREN TO BECOME RESPONSIBLE AND ACTIVE STEWARDS OF THE URBAN AND NATURAL ENVIRONMENTS. 1121462 38881 1022913 AUXILIARY PROGRAMMING FOR STUDENTS INCLUDING, BUT NOT LIMITED TO MUSIC, CHESS, SPORTS, CLUBS, AND SUMMER CAMP. 11699203 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 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 31 0 1 185 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 20 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X JONATHAN KATZENBACH DIRECTOR OF FINANCE & OPERATIONS 2155455323 2501 LOMBARD STREET PHILADELPHIA PA 19146 ZACHARY KLEHR PRESIDENT 5.00 X X 0 0 0 JEFFERY DONNON TREASURER 5.00 X X 0 0 0 JENNY BOGONI SECRETARY 5.00 X X 0 0 0 ANITA ANDREWS BOARD TRUSTEE 5.00 X 0 0 0 ADAM DOUBERLY BOARD TRUSTEE 5.00 X 0 0 0 ALISA FIELD BOARD TRUSTEE 5.00 X 0 0 0 CHIP FINNEY BOARD TRUSTEE 5.00 X 0 0 0 EMILY FOOTE BOARD TRUSTEE 5.00 X 0 0 0 LATASHA HARLING BOARD TRUSTEE 5.00 X 0 0 0 MOLLIE HENDERSON BOARD TRUSTEE 5.00 X 0 0 0 JOHN JACKSON BOARD TRUSTEE 5.00 X 0 0 0 TRISTAN JONES BOARD TRUSTEE 5.00 X 0 0 0 MICHAEL KERLIN BOARD TRUSTEE 5.00 X 0 0 0 MARC MANNELLA BOARD TRUSTEE 5.00 X 0 0 0 GIRNA MENDEZ-ADKINS BOARD TRUSTEE 5.00 X 0 0 0 DREW MOYER BOARD TRUSTEE 5.00 X 0 0 0 JAMES NAM BOARD TRUSTEE 5.00 X 0 0 0 KATE RICCARDI BOARD TRUSTEE 5.00 X 0 0 0 MELANIE PONTZ BOARD TRUSTEE (TPSA PRESIDENT) 5.00 X 0 0 0 JJ SHIRLEY BOARD TRUSTEE 5.00 X 0 0 0 BARBARA STANLEY BOARD TRUSTEE 5.00 X 0 0 0 SEAN VEREEN BOARD TRUSTEE 5.00 X 0 0 0 LISA SUN HEAD OF SCHOOL 40.00 X 312129 0 42882 JONATHAN KATZENBACH DIR OF FIN & OPER (EFF JULY 2022) 40.00 X 75351 0 10737 CHRISTINE REARDON DIVISION DIRECTOR 40.00 X 127133 0 26475 ALLISON KIRSHNER OZ DIRECTOR OF LEARNING RESOURCES 40.00 X 120064 0 31641 JEFFREY MORDAN DIRECTOR OF SYSTEMS AND SPACES 40.00 X 106921 0 17893 ANNA DONNELLY DIVISION DIRECTOR 40.00 X 103991 0 28450 845589 0 158078 5 0 1 0 ARAMARK SERVICES INC 27310 NETWORK PLACE CHICAGO IL 60673 CLEANING SERVICES 586805 SMP ARCHITECTS 1600 WALNUT STREET 2ND FLOOR PHILADELPHIA PA 19103 ARCHITECTURAL SERVICES 172448 ELLIOT LEWIS CORPORATION 2900 BLACK LAKE PL PHILADELPHIA PA 19154 HVAC SERVICES 164556 EDU-TECH ACADEMIC SOLUTIONS 5 GREAT VALLEY PARKWAY MALVERN PA 19355 TECHNOLOGICAL SUPPORT 113921 BLUESTONE CONSTRUCTION SERVICES INC 1126 TAYLOR AVENUE WEST CHESTER PA 19380 CONSTRUCTION SERVICES 101427 5 146574 477720 2839843 174579 3464137 TUITION 611710 11980000 11980000 EXTENDED CARE AND STUDENT ACTIVIT 611710 1022913 1022913 FEES AND FORFEITURES 611710 44783 44783 13047696 289220 289220 685907 10980 685341 0 566 10980 11546 11546 119500 146574 172239 -52739 -52739 16759860 13047696 0 248027 1998681 1998681 517907 119910 292468 105529 5678551 4729456 909737 39358 253858 205413 43481 4964 1164559 945639 214714 4206 481824 382751 86845 12228 24504 24504 58192 58192 348422 79356 127903 141163 13500 13500 233084 23877 164078 45129 361921 351064 7238 3619 1362951 1322063 27259 13629 48133 48133 820370 795759 16407 8204 151851 147295 3037 1519 STUDENT ENRICHMENT 256404 256404 BOOKS AND SUPPLIES 199781 199781 STAFF DEVELOPMENT 181562 108533 73029 BAD DEBT 108906 108906 120223 33221 86297 705 14385184 11699203 2305728 380253 362 2989 2955633 3063582 761456 1471601 58419 54387 200995 281323 28332098 12118721 15832285 16213377 4944302 6557131 2469387 2456206 27222839 30100596 1001901 1465939 740327 663901 1757809 1507674 45820 36638 3545857 3674152 X 20989086 22890768 2687896 3535676 23676982 26426444 27222839 30100596 2374676 404786 -30000 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1510633 187708 30089 1668252 1800975 700 -260359 30683 1510633 1377178 49000 411221 36424 1800975 1341080 5800 68950 38652 1377178 1273467 13650 119191 65228 1341080 0.00000 0.82650 0.17350 0 0 4709094 4709094 20506107 10422547 10083560 1889957 1560758 329199 1226940 135416 1091524 16213377 VANGUARD TOTAL STOCK MARKET INDEX ADM 2456206 F 2456206 CAPITAL LEASE PAYABLE 36638 36638 X 15308204 404786 172239 577025 14731179 30000 1998681 2028681 16759860 12558742 172239 172239 12386503 1998681 1998681 14385184 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSIST OF A NUMBER OF GIFTS FOR A VARIETY OF PURPOSES. THESE PURPOSES INCLUDE FUNDING SCHOLARSHIPS AND FACULTY ADVANCEMENT AS WELL AS A GENERAL ENDOWMENT TO SUPPORT THE SCHOOL'S OPERATIONS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE ("IRS") HAS CLASSIFIED THE SCHOOL AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF THE SCHOOL HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF ADMINISTRATIVE EXPENSES. THERE WERE NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 172,239. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,959,800. FINANCIAL AID FOR AUXILIARY PROGRAMS 38,881. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 172,239. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,959,800. FINANCIAL AID FOR AUXILIARY PROGRAMS 38,881. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS CONTAINED IN ALL ADMISSIONS AND OTHER BROCHURES DISSEMINATED TO THE PUBLIC, AND IS ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE PHILADELPHIA SCHOOL ANNUALLY RECEIVES SOME FUNDING FROM THE COMMONWEALTH OF PENNSYLVANIA, DEPARTMENT OF EDUCATION, WHICH IT USES FOR CLASSROOM SUPPLIES AND FACULTY PROFESSIONAL DEVELOPMENT. 50TH ANNIVERSARY 266074 146574 119500 18223 54670 5891 93455 266074 146574 119500 18223 54670 5891 93455 172239 -52739 1 NEED-BASED SCHOLARSHIPS FOR STUDENT'S AUXILIARY PROGRAMS 49 38881 FMV NEED-BASED SCHOLARSHIPS FOR STUDENT'S TUITION 152 1959800 FMV PART I, LINE 2: THE SCHOOL GRANTS NEED-BASED FINANCIAL AID TO FAMILIES WHO QUALIFY BASED ON TAX AND OTHER INFORMATION SUPPLIED DURING THE FINANCIAL AID APPLICATION PROCESS. ALL FINANCIAL AID AWARDS ARE DOCUMENTED AND RETAINED BY THE SCHOOL. THE SCHOOL PROVIDES TUITION REMISSION TO ALL BENEFIT-ELIGIBLE EMPLOYEES. THE BASE BENEFIT IS 50% OF TUITION, WITH AN ADDITIONAL 5% OF TUITION FOR EMPLOYEES WITH TEN OR MORE YEARS OF SERVICE WITH THE SCHOOL. EMPLOYEES MAY QUALIFY FOR NEED-BASED FINANCIAL AID IN ADDITION TO TUITION REMISSION. X X X X X 0 0 0 0 0 0 0 0 0 LISA SUN HEAD OF SCHOOL 297504 0 0 0 14625 0 15250 0 27632 0 355011 0 0 0 CHRISTINE REARDON DIVISION DIRECTOR 127133 0 0 0 0 0 6818 0 19657 0 153608 0 0 0 ALLISON KIRSHNER OZ DIRECTOR OF LEARNING RESOURCES 120064 0 0 0 0 0 6050 0 25591 0 151705 0 0 0 118000 FINANCIAL AID FOR TUITION X 6 110488 HI/LOW DATE OF GIFT X TECHNOLOGY EQUIPMENT AND SUPPLIES 1 63076 FMV X IT SUPPLIES 1 1015 FMV 0 0 0 PART I, COLUMN (B): THE COUNT ON LINE 9 REPRESENTS THE NUMBER OF UNIQUE STOCK CONTRIBUTIONS BY A DONOR. THE COUNT ON LINE 25 REPRESENTS THE ANNUAL CONTRIBUTION OF TECHNOLOGY EQUIPMENT FROM THE COMMONWEALTH OF PA. THE COUNT ON LINE 26 REPRESENTS THE NUMBER DONORS WHO CONTRIBUTED SUPPLIES. FORM 990, PART VI, SECTION A, LINE 7A ACTIVE MEMBERS (PARENTS) OF THE ORGANIZATION HAVE THE POWER TO ELECT THE ORGANIZATION'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS, INCLUDING APPROVAL OF THE ORGANIZATION'S BYLAWS AND ELECTION OF THE ORGANIZATION'S BOARD OF TRUSTEES, ARE APPROVED BY ACTIVE MEMBERS (PARENTS) OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE PRESIDENT OF THE BOARD OF TRUSTEES AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO FILING. AN ELECTRONIC COPY OF THE COMPLETED FORM 990 WAS MADE AVAILABLE TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY HAS BEEN GIVEN TO ALL BOARD MEMBERS AND EMPLOYEES. BOARD MEMBERS AND EMPLOYEES (HERETO KNOWN AS INTERESTED PARTIES) ARE UNDER A CONTINUING OBLIGATION TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS KNOWN, OR REASONABLY SHOULD BE KNOWN. AN INTERESTED PARTY SHALL COMPLETE A QUESTIONNAIRE TO FULLY AND COMPLETELY DISCLOSE THE MATERIAL FACTS ABOUT ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE DISCLOSURE STATEMENT SHALL BE COMPLETED UPON HIS/HER ASSOCIATION WITH THE ORGANIZATION, AND SHALL BE UPDATED ANNUALLY THEREAFTER. AN ADDITIONAL DISCLOSURE STATEMENT SHALL BE FILED AT SUCH TIME AS AN ACTUAL OR POTENTIAL CONFLICT ARISES. STATEMENTS ARE REVIEWED BY THE CHAIR OF THE BOARD OF TRUSTEES AND HEAD OF SCHOOL FOR COMPLIANCE WITH THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S CONTRACT WAS NEGOTIATED BY THE COMPENSATION COMMITTEE OF THE BOARD WHICH CONSISTED OF FIVE MEMBERS (PRESIDENT, SENIOR VICE PRESIDENT, SECRETARY, TREASURER, AND ONE ADDITIONAL TRUSTEE) ASSISTED BY OUTSIDE SCHOOL COUNSEL. NAIS BEST PRACTICES, COMPARABLE SALARIES AND OTHER INFORMATION WERE REVIEWED IN THE NEGOTIATION PROCESS BY THE COMPENSATION COMMITTEE. THE HEAD OF SCHOOL'S COMPENSATION WAS APPROVED BY THE FINANCE COMMITTEE AND THE BOARD AS A PART OF THE HIRING AND BUDGET APPROVAL PROCESS. THE DIRECTOR OF FINANCE AND OPERATIONS' COMPENSATION IS DETERMINED BASED ON COMPARABLES FROM OTHER SCHOOLS OF SIMILAR SIZE AND RESPONSIBILITIES. FORM 990, PART VI, SECTION C, LINE 18 INDIVIDUALS ARE DIRECTED TO WWW.GUIDESTAR.ORG OR AN ELECTRONIC OR PAPER VERSION OF FORM 990 IS PROVIDED UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE IN ELECTRONIC OR PAPER FORM UPON REQUEST BY INDIVIDUALS WITH A NEED TO SEE SUCH DOCUMENTS. FORM 990, PARK XII, LINE 2C THE AUDIT COMMITTEE IS DELEGATED THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR. NO CHANGES HAVE BEEN MADE TO THIS PROCESS AS COMPARED TO THE PRIOR YEAR.