THE PUBLIC SCHOOL OF GERMANTOWN: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- THE PUBLIC SCHOOL OF GERMANTOWN (EIN 23-1352639)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-15
- IRS object ID
- 202221359349301737
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-15T19:15:53-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1570 FRUITVILLE PIKE SUITE 400 | AddressLine1Txt |
| City | LANCASTER | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231352639 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PUBLIC SCHOOL OF GERMANTOWN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PUBL | BusinessNameControlTxt |
| Phone | 2156463300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 287 MORRIS ROAD | AddressLine1Txt |
| City | FORT WASHINGTON | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19034 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID PANNEPACKER | PersonNm |
| Person Title | CFO AND COO | PersonTitleTxt |
| Phone | 2156463300 | PhoneNum |
| Signature | 2022-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DAVID | PersonFirstNm |
| Person Last | PANNEPACKER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KERRI N BOGDA CPA | PreparerPersonNm |
| PTIN | P00760402 | PTIN |
| Phone | 7177404863 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Change | Yes (X) | NameChangeInd |
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GERMANTOWN ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DAVID PANNEPACKER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 287 MORRIS ROAD | AddressLine1Txt |
| City | FORT WASHINGTON | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19034 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $57,416,466 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.GERMANTOWNACADEMY.NET | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1759 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | AN INDEPENDENT, COEDUCATIONAL COLLEGE PREP SCHOOL FOR COMMUTING STUDENTS IN GRADES PRE-K - TWELVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 29 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 29 | VotingMembersIndependentCnt |
| Total Employee | 484 | TotalEmployeeCnt |
| Total Volunteers | 78 | TotalVolunteersCnt |
| Total Gross UBI | -$5,459 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,640,866 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,600,674 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $40,444,173 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $41,275,111 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,458,595 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,433,940 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,674,649 | PYOtherRevenueAmt |
| CY Other Revenue | $1,291,512 | CYOtherRevenueAmt |
| PY Total Revenue | $47,218,283 | PYTotalRevenueAmt |
| CY Total Revenue | $52,601,237 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $7,186,648 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $8,003,625 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $29,751,989 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $30,252,861 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $7,170 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $6,738 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,629,774 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,704,859 | PYOtherExpensesAmt |
| CY Other Expenses | $9,843,079 | CYOtherExpensesAmt |
| PY Total Expenses | $46,650,666 | PYTotalExpensesAmt |
| CY Total Expenses | $48,106,303 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $567,617 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,494,934 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $141,903,202 | TotalAssetsBOYAmt |
| Total Assets EOY | $151,608,543 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $39,183,055 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $32,739,088 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $102,720,147 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $118,869,455 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | GERMANTOWN ACADEMY INSPIRES STUDENTS TO BE INDEPENDENT IN THOUGHT; CONFIDENT IN EXPRESSION; COMPASSIONATE IN SPIRIT; COLLABORATIVE IN ACTION; AND HONORABLE IN DEED. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $38,069,520 | ExpenseAmt |
| Grant | $8,003,625 | GrantAmt |
| Revenue | $41,275,111 | RevenueAmt |
| Desc | GERMANTOWN ACADEMY IS A NON-SECTARIAN, COEDUCATIONAL COLLEGE PREPARATORY SCHOOL EDUCATING STUDENTS FROM PRE-K TO GRADE 12. FOUNDED IN 1759, GERMANTOWN ACADEMY HAS OVER 250 YEARS OF HISTORY, TRADITION, AND OUTSTANDING ACADEMICS. GERMANTOWN ACADEMY IS A PLACE THAT INSPIRES. STUDENTS DEVELOP A LOVE OF LEARNING BEGINNING WITH THE FIRST DAY OF PRE-K THAT CONTINUES THROUGH THE FINAL DAY OF 12TH GRADE AND BEYOND. OUR DEDICATED FACULTY AND STAFF EMBRACE STUDENTS' INNATE CURIOSITY AND ENCOURAGE THEM TO BUILD UPON THEIR NATURAL STRENGTHS WHILE CHALLENGING THEM TO EXPAND THEIR KNOWLEDGE THROUGH A MULTITUDE OF LEARNING EXPERIENCES. THIS IS OUR PROMISE TO OUR STUDENTS, AND IT BECOMES THEIR FOUNDATION FOR LIFE.FOR MORE THAN 250 YEARS, STUDENTS AT GERMANTOWN ACADEMY HAVE BEEN ENCOURAGED TO FOLLOW THEIR PASSIONS. THE CUMULATIVE RESULT IS AN EXCEPTIONAL ACADEMIC, ARTISTIC, ATHLETIC, AND SOCIAL EXPERIENCE THAT CREATES SUCCESSFUL, WELL-EDUCATED, ETHICAL YOUNG PEOPLE WHO BELIEVE THEY CAN MAKE A DIFFERENCE IN THE WORLD.GERMANTOWN ACADEMY IS A PLACE OF INNOVATION. WE ARE AT THE FOREFRONT OF IMPORTANT INITIATIVES SUCH AS 21ST CENTURY CURRICULUM DEVELOPMENT, LANGUAGE INSTRUCTION, AND INTERNATIONAL RELATIONSHIPS. IF A NEW PROGRAM OR IDEA PROVIDES AN OPPORTUNITY FOR OUR STUDENTS, WE WILL EXPLORE IT.WITH TALENTED AND CARING FACULTY, HONEST AND CURIOUS STUDENTS, AND A BEAUTIFUL ENVIRONMENT, GERMANTOWN ACADEMY IS WHERE YOUR CHILD CAN BECOME HIS OR HER BEST SELF. A TOTAL OF 1,179 STUDENTS WERE ENROLLED THIS FISCAL YEAR. | Desc |
| Total Program Service Expenses | $38,069,520 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 39 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 484 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 29 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 29 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID PANNEPACKER CFO AND CEO | PersonNm |
| Phone | 2674057140 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 287 MORRIS ROAD | AddressLine1Txt |
| City | FORT WASHINGTON | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19034 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (37 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| DR LORI R GRISWOLD | |||||||
| PRESIDENT/BOARD CHAIR | 20.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JANET HAUGEN | |||||||
| TREASURER | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CARL RAPP | |||||||
| SECRETARY | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| THOMAS E DURKIN | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| SALVATORE J PAONE JR | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| KATHY WYSZOMIERSKI | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| JUDY CHANG CODY | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| JUDY A FELGOISE | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| JUDI J GOODMAN | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN M GALLOWAY | |||||||
| SECRETARY | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOHN KORMAN | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| JEFFREY SULTANIK | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDREW SANDIFER | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| ANNAMARIE GEPPERT HELLEBUSCH | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| ANTHONY DISANDRO JR | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| BELA D BAGGA | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| CAROL MOMJIAN | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| CHERYL ROSS | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| GEORGE M RITER | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| AMY SEYFERT CONNELLY | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL H JORDAN | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| EDWARD SWANSON | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| KEZIRAH LINN VAUGHTERS | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| WILL B WEIHENMAYER JR | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| LARRY ALTMAN | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| IRA BROWNSTEIN | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| DR LINDA WHITE NUNES | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| GRACE PARKER | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| TED SWANSON | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD SCHELLHAS | |||||||
| HEAD OF SCHOOL | 50.00 | Yes (X) | $422,500 | $0 | $50,876 | ||
| THOMAS P TAFT | |||||||
| CHIEF OPERATING OFFICER (UNTIL 6/21) | 50.00 | Yes (X) | $216,130 | $0 | $26,993 | ||
| DAVID PANNEPACKER | |||||||
| CFO AND COO (AS OF 6/21) | 40.00 | Yes (X) | $0 | $0 | $0 | ||
| JEFFREY THOMPSON | |||||||
| DIRECTOR OF AQUATICS | 40.00 | $154,329 | $0 | $92,178 | Yes (X) | ||
| SUSAN SZCZEPKOWSKI | |||||||
| HEAD OF LOWER SCHOOL | 40.00 | $145,830 | $0 | $101,632 | Yes (X) | ||
| AUDREY SCHNUR | |||||||
| DIRECTOR, INSTITUTIONAL ADVANCEMENT | 40.00 | $186,152 | $0 | $16,739 | Yes (X) | ||
| JONAS JESWALD | |||||||
| HEAD OF MIDDLE SCHOOL | 40.00 | $141,616 | $0 | $59,373 | Yes (X) | ||
| MICHAEL TORREY | |||||||
| INTERIM HEAD OF UPPER SCHOOL | 40.00 | $127,401 | $0 | $56,644 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,393,958 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $404,435 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 33 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ANCHOR MANAGEMENT GROUP LLC | |||||
| 1000 CONSHOHOCKEN ROAD SUITE 201 | CONSHOHOCKEN | PA | 19428 | CONSTRUCTION SVCS. | $2,449,648 |
| ARAMARK SERVICES INC | |||||
| 24858 NETWORK PLACE | CHICAGO | IL | 60673 | CLEANING SERVICES | $540,456 |
| NEXDINE LLC | |||||
| 905B SOUTH MAIN ST | MANSFIELD | MA | 02048 | DINING SERVICES | $257,300 |
| VERACROSS LLC | |||||
| 401 EDGEWATER PLACE SUITE 360 | WAKEFIELD | MA | 01880 | SOFTWARE SERVICES | $133,686 |
| NOVACARE REHABILITATION- | |||||
| PO BOX 643361 | PITTSBURGH | PA | 15264 | THERAPY SERVICES | $115,693 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $12,759 | FundraisingAmt |
| Government Grants | $4,795,492 | GovernmentGrantsAmt |
| All Other Contributions | $3,792,423 | AllOtherContributionsAmt |
| Noncash Contributions | $255,878 | NoncashContributionsAmt |
| Total Contributions | $8,600,674 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| STUDENT TUITION FEES | 611600 | $40,357,279 | $40,357,279 |
| AUXILIARY PROGRAM REVENUE | 611600 | $688,000 | $688,000 |
| MUSIC LESSONS | 611600 | $229,832 | $229,832 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $41,275,111 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,199,197 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$5,459 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,204,656 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $203,484 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $9,557 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $193,927 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $193,927 | TotalRevenueColumnAmt |
| Exclusion | $193,927 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,894,077 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,659,334 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $234,743 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $234,743 | TotalRevenueColumnAmt |
| Exclusion | $234,743 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $84,286 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $12,759 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $13,648 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $70,638 | TotalRevenueColumnAmt |
| Exclusion | $70,638 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $124,628 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $132,690 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$8,062 | TotalRevenueColumnAmt |
| Exclusion | -$8,062 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| EXTENDED DAY & CHILD CARE FEES | 900099 | $664,930 | $664,930 |
| AQUATIC CLUB REVENUE | 900099 | $328,332 | $328,332 |
| FLEXIBLE FUND ADJUSTMENT | 900099 | $16,862 | $16,862 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $24,885 | TotalRevenueColumnAmt |
| Exclusion | $24,885 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,035,009 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $52,601,237 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $41,275,111 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$5,459 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,730,911 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,003,625 | TotalAmt |
| Program Services | $8,003,625 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $731,338 | TotalAmt |
| Program Services | $560,959 | ProgramServicesAmt |
| Management And General | $138,823 | ManagementAndGeneralAmt |
| Fundraising | $31,556 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,864,278 | TotalAmt |
| Program Services | $15,896,778 | ProgramServicesAmt |
| Management And General | $4,054,528 | ManagementAndGeneralAmt |
| Fundraising | $912,972 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,318,666 | TotalAmt |
| Program Services | $973,080 | ProgramServicesAmt |
| Management And General | $276,034 | ManagementAndGeneralAmt |
| Fundraising | $69,552 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,743,710 | TotalAmt |
| Program Services | $5,298,556 | ProgramServicesAmt |
| Management And General | $397,532 | ManagementAndGeneralAmt |
| Fundraising | $47,622 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,594,869 | TotalAmt |
| Program Services | $1,211,459 | ProgramServicesAmt |
| Management And General | $314,816 | ManagementAndGeneralAmt |
| Fundraising | $68,594 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180,022 | TotalAmt |
| Management And General | $180,022 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,902 | TotalAmt |
| Management And General | $72,902 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,738 | TotalAmt |
| Fundraising | $6,738 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $146,696 | TotalAmt |
| Management And General | $146,696 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $336,601 | TotalAmt |
| Program Services | $138,132 | ProgramServicesAmt |
| Management And General | $154,978 | ManagementAndGeneralAmt |
| Fundraising | $43,491 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,632 | TotalAmt |
| Management And General | $7,745 | ManagementAndGeneralAmt |
| Fundraising | $63,887 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,957,801 | TotalAmt |
| Program Services | $1,255,587 | ProgramServicesAmt |
| Management And General | $572,484 | ManagementAndGeneralAmt |
| Fundraising | $129,730 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $245,265 | TotalAmt |
| Management And General | $245,265 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,892,093 | TotalAmt |
| Program Services | $1,422,708 | ProgramServicesAmt |
| Management And General | $390,965 | ManagementAndGeneralAmt |
| Fundraising | $78,420 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $257,640 | TotalAmt |
| Program Services | $123,264 | ProgramServicesAmt |
| Management And General | $127,224 | ManagementAndGeneralAmt |
| Fundraising | $7,152 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,600 | TotalAmt |
| Program Services | $45,566 | ProgramServicesAmt |
| Management And General | $12,522 | ManagementAndGeneralAmt |
| Fundraising | $2,512 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,360,134 | TotalAmt |
| Program Services | $2,526,561 | ProgramServicesAmt |
| Management And General | $694,308 | ManagementAndGeneralAmt |
| Fundraising | $139,265 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $344,773 | TotalAmt |
| Management And General | $344,773 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| EDUC., ATHLETICS, GEN'L | $448,899 | $448,899 | |
| BAD DEBTS | $197,899 | $197,899 | |
| AQUATICS CLUB EXPENSES | $72,437 | $72,437 | |
| DUES AND SUBSCRIPTIONS | $50,516 | $9,635 | $40,881 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $147,169 | TotalAmt |
| Program Services | $82,274 | ProgramServicesAmt |
| Management And General | $36,612 | ManagementAndGeneralAmt |
| Fundraising | $28,283 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,106,303 | TotalAmt |
| Program Services | $38,069,520 | ProgramServicesAmt |
| Management And General | $8,407,009 | ManagementAndGeneralAmt |
| Fundraising | $1,629,774 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,082,208 | BOYAmt |
| EOY | $14,507,101 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,439,882 | BOYAmt |
| EOY | $505,657 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,530,738 | BOYAmt |
| EOY | $441,681 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $199,443 | BOYAmt |
| EOY | $75,972 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,601 | BOYAmt |
| EOY | $38,043 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $697,435 | BOYAmt |
| EOY | $657,062 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $127,084,842 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $48,707,552 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,114,470 | BOYAmt |
| EOY | $78,377,290 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,852,780 | BOYAmt |
| EOY | $32,807,630 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,228,630 | BOYAmt |
| EOY | $4,458,514 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $264,313 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,700,015 | BOYAmt |
| EOY | $19,475,280 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,903,202 | BOYAmt |
| EOY | $151,608,543 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,569,611 | BOYAmt |
| EOY | $2,603,299 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,005,240 | BOYAmt |
| EOY | $12,940,552 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,789,691 | BOYAmt |
| EOY | $16,596,271 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,000,000 | BOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,513,560 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $304,953 | BOYAmt |
| EOY | $598,966 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,183,055 | BOYAmt |
| EOY | $32,739,088 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,773,138 | BOYAmt |
| EOY | $71,152,529 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,947,009 | BOYAmt |
| EOY | $47,716,926 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,720,147 | BOYAmt |
| EOY | $118,869,455 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,903,202 | BOYAmt |
| EOY | $151,608,543 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $4,494,934 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $6,902,409 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $4,751,965 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,222,713 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,132,184 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,867,961 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,640,866 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,600,674 | CurrentTaxYearAmt |
| Total | $21,464,398 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,222,713 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,132,184 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,867,961 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,640,866 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,600,674 | CurrentTaxYearAmt |
| Total | $21,464,398 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $456,023 | SubstantialContributorsTotAmt |
| Public Support Total170 | $21,008,375 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $818,204 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,165,418 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,531,998 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,333,336 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,408,140 | CurrentTaxYearAmt |
| Total | $6,257,096 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,707,422 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,807,374 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,220,274 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,762,247 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,243,923 | CurrentTaxYearAmt |
| Total | $12,741,240 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $40,462,734 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $193,634,729 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.51920 | PublicSupportCY170Pct |
| Public Support PY170 | 0.48970 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER INCOME - 2016 AMOUNT: $ 40,921. 2017 AMOUNT: $ 74,786. 2018 AMOUNT: $ 44,341. 2019 AMOUNT: $ 2,355. 2020 AMOUNT: $ 13,937. SUMMER PROGRAMS - 2016 AMOUNT: $ 1,321,397. 2017 AMOUNT: $ 1,363,508. 2018 AMOUNT: $ 1,507,340. 2019 AMOUNT: $ 1,541,684. 2020 AMOUNT: $ 4,094. AQUATIC CLUB REVENUE - 2016 AMOUNT: $ 336,315. 2017 AMOUNT: $ 381,461. 2018 AMOUNT: $ 439,066. 2019 AMOUNT: $ 334,733. 2020 AMOUNT: $ 328,332. EXTENDED DAY AND CHILD CARE FEES - 2016 AMOUNT: $ 685,991. 2017 AMOUNT: $ 683,659. 2018 AMOUNT: $ 894,151. 2019 AMOUNT: $ 644,127. 2020 AMOUNT: $ 664,930. INSURANCE PREMIUM DIVIDEND - 2019 AMOUNT: $ 6,854. 2020 AMOUNT: $ 6,854. FLEXIBLE FUND ADJUSTMENT - 2020 AMOUNT: $ 16,862. SCHOOL STORE SALES - 2016 AMOUNT: $ 322,798. 2017 AMOUNT: $ 303,960. 2018 AMOUNT: $ 335,376. 2019 AMOUNT: $ 232,494. 2020 AMOUNT: $ 124,628. NON-CHARITABLE FUNDRAISING RECEIPTS - 2020 AMOUNT: $ 84,286. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $31,081,410 | BeginningYearBalanceAmt |
| Contributions | $191,100 | ContributionsAmt |
| Investment Earnings Or Losses | $7,423,483 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,429,849 | OtherExpendituresAmt |
| End Year Balance | $37,266,144 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,302,141 | BeginningYearBalanceAmt |
| Contributions | $398,137 | ContributionsAmt |
| Investment Earnings Or Losses | $1,650,368 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,269,236 | OtherExpendituresAmt |
| End Year Balance | $31,081,410 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $28,512,436 | BeginningYearBalanceAmt |
| Contributions | $1,151,912 | ContributionsAmt |
| Investment Earnings Or Losses | $2,175,829 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,538,036 | OtherExpendituresAmt |
| End Year Balance | $30,302,141 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $27,309,956 | BeginningYearBalanceAmt |
| Contributions | $288,274 | ContributionsAmt |
| Investment Earnings Or Losses | $2,277,861 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,363,655 | OtherExpendituresAmt |
| End Year Balance | $28,512,436 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $25,365,613 | BeginningYearBalanceAmt |
| Contributions | $137,893 | ContributionsAmt |
| Investment Earnings Or Losses | $3,079,250 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,272,800 | OtherExpendituresAmt |
| End Year Balance | $27,309,956 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.33130 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.38650 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.28220 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,635,443 | OtherCostOrOtherBasisAmt |
| Book Value | $5,635,443 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $105,310,887 | OtherCostOrOtherBasisAmt |
| Depreciation | $34,779,885 | DepreciationAmt |
| Book Value | $70,531,002 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,069,354 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,927,667 | DepreciationAmt |
| Book Value | $2,141,687 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $69,158 | OtherCostOrOtherBasisAmt |
| Book Value | $69,158 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $78,377,290 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BENEFICIAL INTEREST IN PERPETUAL TRUST | Desc |
| Book Value | $19,475,280 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $19,475,280 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| STUDENT DEPOSITS AND ACCOMMODATIONS | $335,775 |
| CAPITAL LEASE OBLIGATIONS | $263,191 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $598,966 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $56,284,485 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $6,902,409 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$3,375,056 | OtherRevenueAmt |
| Revenue Not Reported | $3,527,353 | RevenueNotReportedAmt |
| Revenue Subtotal | $52,757,132 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$155,895 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$155,895 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $52,601,237 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $40,135,177 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $179,195 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $179,195 | ExpensesNotReportedAmt |
| Expenses Subtotal | $39,955,982 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $8,150,321 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $8,150,321 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $48,106,303 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | GERMANTOWN ACADEMY MAINTAINS AND DISPLAYS COLLECTIONS OF WORKS OF ART, HISTORICAL TREASURES AND OTHER SIMILAR ASSETS AS A KEY COMPONENT OF OUR LIBERAL ARTS, COLLEGE PREPARATORY CURRICULUM. THESE WORKS OF ART ARE INCORPORATED ON A REGULAR BASIS AS PART OF OUR ART CLASSES TO HELP PROVIDE THE ACADEMY'S STUDENTS WITH THE FRAMEWORK NECESSARY TO GROW AS ARTISTS THEMSELVES AND TO MEET THE STATED CURRICULAR OBJECTIVES OF OUR MISSION. THERE IS NO INTENTION TO EVER SELL A WORK OF ART IN ORDER TO GENERATE INCOME. |
| PART V, LINE 4: | THE SCHOOL'S ENDOWMENTS CONSIST OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING SCHOLARSHIPS AND FINANCIAL AID, FACULTY COMPENSATION, STUDENT PRIZES, PARENT EDUCATION, STUDENT EDUCATION, IMPROVEMENTS TO PROPERTY, PLANT AND EQUIPMENT, AS WELL AS VARIOUS OTHER ACTIVITIES OF THE SCHOOL. ITS ENDOWMENTS INCLUDE BOTH A DONOR-RESTRICTED ENDOWMENT FUND AND FUND DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS AN ENDOWMENT. AS REQUIRED BY SFAS NO. 117, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE SCHOOL IS ALSO THE BENEFICIARY OF AN ENDOWMENT THAT IS HELD BY THE EDWIN M. LAVINO PERPETUAL TRUST. |
| 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. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2021 AND 2020. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | SCHOLARSHIPS & FINANCIAL AID -8,003,625. GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 4,775,265. INVESTMENT FEES -146,696. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | COST OF GOODS SOLD -132,690. RENTAL EXPENSES -9,557. FUNDRAISING EXPENSES -13,648. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 132,690. RENTAL EXPENSE 9,557. FUNDRAISING EXPENSES 13,648. UNCOLLECTIBLE PLEDGES 23,300. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS & FINANCIAL AID 8,003,625. INVESTMENT FEES 146,696. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE ORGANIZATION'S NONDISCRIMATORY POLICY IS PUBLISHED IN LOCAL NEWSPAPERS. THE FOLLOWING IS ALSO PUBLISHED ON THE ACADEMY'S WEBSITE: AT GERMANTOWN ACADEMY, WE WELCOME STUDENTS, FACULTY, AND STAFF FROM ALL ETHNIC, CULTURAL, RACIAL, RELIGIOUS, AND SOCIOECONOMIC GROUPS, AND OF ALL SEXUAL ORIENTATIONS WHO RESPECT THE VALUES SET FORTH IN OUR SCHOOL'S GENERAL MISSION STATEMENT AND IN THIS DIVERSITY STATEMENT OF PURPOSE AND PRACTICE. WE HONOR OUR SCHOOL'S DIVERSITY BY RESPECTING THE VARIOUS CUSTOMS AND TRADITIONS OF ALL MEMBERS OF OUR COMMUNITY. |
| SCHEDULE E, PART I, LINE 6 | THE SCHOOL RECEIVED BOOKS FROM THE STATE OF PENNSYLVANIA. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EAST ASIA AND THE PACIFIC | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | PROGRAM SERVICE | TypeOfActivitiesConductedTxt |
| Specific Services Provided | COLLEGE COUNSELING SERVICES TO HIGH SCHOOL STUDENTS | SpecificServicesProvidedTxt |
| Region Total Expenditures | $307,544 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $307,544 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $307,544 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III ACCOUNTING METHOD: | |
| SCHEDULE F, PART IV, LINE 1: | THE ORGANIZATION INVESTS IN PARTNERSHIP INTERESTS, THROUGH WHICH TRANSFERS TO FOREIGN CORPORATIONS ARE MADE. NO TRANSFERS DURING THE PARTNERSHIP'S REPORTING PERIOD EXCEEDED THE THRESHOLD FOR REPORTING. |
| SCHEDULE F, PART IV, LINE 5: | THE ORGANIZATION INVESTS IN PARTNERSHIP INTERESTS, THROUGH WHICH THE ORGANIZATION HOLDS INDIRECT INTERESTS IN FOREIGN PARTNERSHIPS. THE PERCENTAGE OWNERSHIP DURING THE PARTNERSHIP'S REPORTING PERIOD DID NOT EXCEED THE THRESHOLD FOR REPORTING. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | FLIP THE FLAG | Event1Nm |
| Gross Receipts Event1 | $97,045 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $12,759 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $84,286 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $3,000 | NonCashPrizesEvent1Amt |
| Other Direct Expenses Event1 | $10,648 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $97,045 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $12,759 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $84,286 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $3,000 | NonCashPrizesTotalEventsAmt |
| Oth Direct Expnss Total Events | $10,648 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $13,648 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $70,638 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | STUDENT GRANTS FOR TUITION | GrantTypeTxt |
| Recipient | 401 | RecipientCnt |
| Cash Grant | $8,003,625 | CashGrantAmt |
| Non Cash Assistance | REDUCTION TO TUITION | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL RECIPIENTS ARE INDIVIDUALS RECEIVING SCHOLARSHIPS. DETERMINATION OF STUDENTS' QUALIFICATIONS FOR THE AWARDS ARE MADE BY THE SCHOOL'S FINANCIAL AID COMMITTEE. SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON FINANCIAL NEED. SCHOLARSHIP CANDIDATES ARE EVALUATED FOR FINANCIAL NEED BY AN INDEPENDENT SCHOLARSHIP SERVICE. SCHOLARSHIPS ARE PROVIDED AS A REDUCTION TO TUITION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RICHARD SCHELLHAS | ||||||||||||||
| HEAD OF SCHOOL | $372,500 | $0 | $50,000 | $0 | $0 | $0 | $31,663 | $0 | $19,213 | $0 | $473,376 | $0 | $0 | $0 |
| SUSAN SZCZEPKOWSKI | ||||||||||||||
| HEAD OF LOWER SCHOOL | $145,830 | $0 | $0 | $0 | $0 | $0 | $12,396 | $0 | $89,236 | $0 | $247,462 | $0 | $0 | $0 |
| JEFFREY THOMPSON | ||||||||||||||
| DIRECTOR OF AQUATICS | $154,329 | $0 | $0 | $0 | $0 | $0 | $13,118 | $0 | $79,060 | $0 | $246,507 | $0 | $0 | $0 |
| THOMAS P TAFT | ||||||||||||||
| CHIEF OPERATING OFFICER (UNTIL 6/21) | $216,130 | $0 | $0 | $0 | $0 | $0 | $18,371 | $0 | $8,622 | $0 | $243,123 | $0 | $0 | $0 |
| AUDREY SCHNUR | ||||||||||||||
| DIRECTOR, INSTITUTIONAL ADVANCEMENT | $186,152 | $0 | $0 | $0 | $0 | $0 | $15,823 | $0 | $916 | $0 | $202,891 | $0 | $0 | $0 |
| JONAS JESWALD | ||||||||||||||
| HEAD OF MIDDLE SCHOOL | $141,616 | $0 | $0 | $0 | $0 | $0 | $12,037 | $0 | $47,336 | $0 | $200,989 | $0 | $0 | $0 |
| MICHAEL TORREY | ||||||||||||||
| INTERIM HEAD OF UPPER SCHOOL | $127,401 | $0 | $0 | $0 | $0 | $0 | $10,829 | $0 | $45,815 | $0 | $184,045 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS AND IS PROVIDED HOUSING AND CLEANING SERVICES AS PART OF HIS EMPLOYMENT AGREEMENT. THIS IS NOT INCLUDED IN TAXABLE INCOME AS IT IS EXCLUDED UNDER INTERNAL REVENUE CODE SECTION 119. THE HOUSING ALLOWANCE WAS ALSO NOT INCLUDED IN TAXABLE INCOME. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT | ||||||||
| A | 232245125 | 613609A48 | 2012-07-26 | $11,600,000 | REFINANCE 2010 ISSUE | 0 | 0 | 0 |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT | ||||||||
| B | 232245125 | 2014-08-28 | $10,000,000 | REFINANCE PRIOR BOND ISSUE | 0 | 0 | 0 | |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT | ||||||||
| C | 232245125 | 2014-08-28 | $4,000,000 | REFINANCE PRIOR BOND ISSUE | 0 | 0 | 0 | |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $6,255,000 | $12,248,841 | $41,840 | $209,030 | $11,997,372 | 2012 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $2,700,000 | $10,000,000 | $10,000,000 | 2014 | Yes (1) | 0 | Yes (1) | Yes (1) | ||
| C | $4,000,000 | $4,000,000 | 2014 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| C | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K SUPPLENTAL INFORMATION | FormAndLineReferenceDesc |
| Explanation | BOND ISSUE A: THE DIFFERENCE BETWEEN THE ISSUE PRICE OF $11,600,000 AND THE GROSS PROCEEDS OF $12,248,841 IS PREMIUM ON THE BOND ISSUE. | ExplanationTxt |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PER IRS INSTRUCTIONS NAMES ARE NOT | PersonNm |
| Relationship With Org | PER IRS INSTRUCTIONS, INTERESTED PERSONS ARE NOT INDIVIDUALLY NAMED. | RelationshipWithOrgTxt |
| Cash Grant | $211,055 | CashGrantAmt |
| Type Of Assistance | TUITION REMISSION | TypeOfAssistanceTxt |
| Assistance Purpose | TUITION ASSISTANCE | AssistancePurposeTxt |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $187,632 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | PURCHASE PRICE | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $68,246 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | NYSE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE MAY MAKE DECISIONS WHEN THE BOARD IS NOT IN SESSION WHEN PREVIOUSLY AUTHORIZED BY THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY A CERTIFIED INDEPENDENT PUBLIC ACCOUNTING FIRM WITH A STRONG BACKGROUND IN ACCOUNTING AND TAX MATTERS FOR CLIENTS OF THIS TYPE. INFORMATION IS PROVIDED TO THIS FIRM BY OUR ORGANIZATION AND, UPON COMPLETION OF THE FORM BY OUR ACCOUNTANTS, THE FORM IS REVIEWED BY OUR ORGANIZATION FOR ACCURACY AND COMPLETENESS. AT THE CONCLUSION OF OUR REVIEW THE FORM IS FILED WITH THE INTERNAL REVENUE SERVICE AND STATE OF PENNSYLVANIA. A COPY OF THE FORM 990 IS FORWARDED TO EACH TRUSTEE PRIOR TO BEING FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY WHICH IS MONITORED BY THE HEAD OF THE BOARD. NO MEMBER OF THE BOARD OF TRUSTEES NOR ANY MEMBER OF A BOARD COMMITTEE SHALL RECEIVE REMUNERATION DIRECTLY OR INDIRECTLY AS A RESULT OF BUSINESS DECISIONS OR CONTRACTS WHICH ARE AWARDED BY THE BOARD UNLESS A DETERMINATION HAS BEEN MADE BY THE BOARD OR THE EXECUTIVE COMMITTEE OF THE BOARD THAT IT IS IN THE BEST INTEREST OF THE ACADEMY TO ALLOW SUCH AN ARRANGEMENT. IN SUCH CASES THE CONFLICT OF INTEREST SHALL BE CLEARLY ACKNOWLEDGED AND THE AFFECTED BOARD OR COMMITTEE MEMBER SHALL ABSTAIN FROM PARTICIPATION IN THE DECISION TO AWARD SUCH CONTRACT OR TO TAKE ACTION RESULTING IN THE AWARD OF SUCH CONTRACT. IT SHALL BE THE RESPONSIBILITY OF THE MEMBERS OF THE BOARD OF TRUSTEES AND OF THE COMMITTEES OF THE BOARD TO CALL TO THE ATTENTION OF THE PRESIDENT OF THE BOARD OF TRUSTEES OR THE CHAIRMAN OF THE BOARD COMMITTEE INVOLVED, ANY SITUATION WHERE A CONFLICT OF INTEREST OR POSSIBLE CONFLICT OF INTEREST MAY BE FOUND. THE CONFLICT OF INTEREST POLICY DOES MENTION FAMILY AND BUSINESS RELATIONSHIPS AS A SOURCE OF POTENTIAL CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEES AND THE FINANCE COMMITTEE CAREFULLY EXAMINE THE COMPENSATION PROPOSAL FOR THE NEXT FISCAL YEAR DURING THE COURSE OF THE PREVIOUS FALL AND APPROVE IT DURING THE JANUARY MEETING. THE SALARIES OF ALL FACULTY AND ADMINISTRATORS INCLUDING THE HEAD OF SCHOOL ARE BENCHMARKED BASED ON POOLED SURVEY DATA FROM 56 COMPARABLE SCHOOLS NATIONWIDE (DAY SCHOOLS WITH OVER 750 STUDENTS). COMPENSATION IS BASED ON THE 75TH PERCENTILE OF THE COMPARABLE SCHOOLS. ALL OTHER STAFF MEMBERS ARE PAID BASED ON DATA COLLECTED THROUGH "SALARY.COM." FOR EACH POSITION, BASED UPON EXPERIENCE, COMPENSATION IS SET BETWEEN THE 25TH AND 75TH PERCENTILE. THIS POLICY ENSURES FAIR COMPENSATION IS DETERMINED INDEPENDENTLY AND WITHOUT UNDUE INFLUENCE OF OUR ORGANIZATION. COMPENSATION RELATED INFORMATION IS RECORDED IN BOARD MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 4,775,265. UNCOLLECTIBLE PLEDGES -23,300. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PERPETUAL TRUST (1) | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | INVESTMENTS | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MELLON BANK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | T | EntityTypeTxt |
| Share Of Total Income | $730,589 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $19,475,280 | ShareOfEOYAssetsAmt |
| Ownership | 0.59100 | OwnershipPct |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |