2022-11-09T09:55:12-06:00 2022-06-30 231144520 TAIT WELLER & BAKER LLP 50 SOUTH 16TH STREET SUITE 2900 PHILADELPHIA PA 19102 990 2021-07-01 231352677 SHIPLEY SCHOOL SHIP 6105254300 814 YARROW STREET BRYN MAWR PA 19010 JAYME KAROLYI INTERIM CFO 6105254300 2022-11-09 1 JAYME KAROLYI 999009999 HARRISON PEREIRA P00746867 2159798800 2022-11-09 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JAYME KAROLYI 814 YARROW STREET BRYN MAWR PA 19010 51292993 0 X WWW.SHIPLEYSCHOOL.ORG X 1894 PA THE SHIPLEY SCHOOL IS A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL. 43 36 324 200 13728 0 6442074 5118666 30435822 30626213 1822191 2436787 587099 797282 39287186 38978948 7563905 7743573 0 0 17833867 17842088 0 0 1883652 14562086 12688930 39959858 38274591 -672672 704357 112919649 101398997 28318240 25256233 84601409 76142764 THE SHIPLEY SCHOOL, A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL, IS COMMITTED TO EDUCATIONAL EXCELLENCE AND DEDICATED TO DEVELOPING IN EACH STUDENT A LOVE OF LEARNING AND A COMPASSIONATE PARTICIPATION IN THE WORLD. 0 0 28233084 7743573 30492029 THE SHIPLEY SCHOOL PROVIDES A PRIVATE SCHOOL EDUCATION TO STUDENTS RANGING FROM PRE-KINDERGARTEN TO GRADE 12. THERE WERE 780 STUDENTS ENROLLED AT THE SCHOOL DURING THE 2020-2021 ACADEMIC YEAR. THE SCHOOL IS ACCREDITED BY THE PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS. THE SHIPLEY EXPERIENCE EXTENDS BEYOND THE CLASSROOM AS SHIPLEY SPORTS TEAMS HAVE WON 34 LEAGUE CHAMPIONSHIPS IN THE LAST FIVE YEARS. IN ADDITION, SHIPLEY STUDENTS HAVE MADE AN IMPACT ON THE COMMUNITY AS ALL SHIPLEY STUDENTS PARTICIPATE IN SERVICE LEARNING PROJECTS THROUGHOUT THE ACADEMIC YEAR. 28233084 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 42 0 324 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 43 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JAYME KAROLYI 6105254300 814 YARROW STREET BRYN MAWR PA 190103598 BROOKSLEY WYLIE CHAIR 0.80 X X 0 0 0 TIM BUCKLEY VICE CHAIR 0.80 X X 0 0 0 NEAL REGINO TREASURER 0.80 X X 0 0 0 CHRISTOPHER LEAVY TRUSTEE 0.80 X 0 0 0 CHIP BRADY TRUSTEE 0.80 X 0 0 0 MICHELE TURNER TRUSTEE 0.80 X 0 0 0 ADAM SPECTOR TRUSTEE ERMERITUS 0.80 X 0 0 0 KARLENE BURRELL-MCRAE TRUSTEE 0.80 X 0 0 0 MIMI KELLER DRAKE TRUSTEE 0.80 X 0 0 0 BRYANT HORSLEY TRUSTEE 0.80 X 0 0 0 MELISSA BERGEN TRUSTEE 0.80 X 0 0 0 MIKE DEE TRUSTEE 0.80 X 0 0 0 KIM CASSIDY TRUSTEE 0.80 X 0 0 0 JAMES JENNINGS TRUSTEE ERMERITUS 0.80 X 0 0 0 ELIZABETH HUCKER TRUSTEE 0.80 X 0 0 0 SUSANNA LACHS TRUSTEE ERMERITUS 0.80 X 0 0 0 ISAAC CLOTHIER TRUSTEE ERMERITUS 0.80 X 0 0 0 GERALD RENTHAL TRUSTEE 0.80 X 0 0 0 GORDON COONEY TRUSTEE 0.80 X 0 0 0 SUSAN OBERWAGER TRUSTEE 0.80 X 0 0 0 BENJAMIN WILLNER TRUSTEE 0.80 X 0 0 0 FREDERICK FLETCHER TRUSTEE ERMERITUS 0.80 X 0 0 0 LLOYD SNYDER TRUSTEE ERMERITUS 0.80 X 0 0 0 DAVID PALMER TRUSTEE 0.80 X 0 0 0 MICHAEL TURNER HEAD OF SCHOOL 45.00 X X 460026 0 131771 ANTONETTE DULAY-TIONGCO TRUSTEE 0.80 X 0 0 0 AKINWOLE GARRETT TRUSTEE 0.80 X 0 0 0 MICHAEL HILL TRUSTEE 0.80 X 0 0 0 COLIN KELTON TRUSTEE 0.80 X 0 0 0 KYLE LISSACK TRUSTEE 0.80 X 0 0 0 KATRINA SHERRERD TRUSTEE 0.80 X 0 0 0 ANDREW SNYDER TRUSTEE 0.80 X 0 0 0 ERIKA GRIFFIN WHITE TRUSTEE 0.80 X 0 0 0 ANNE VASQUEZ TRUSTEE 0.80 X 0 0 0 MARY PATTERSON MCPHERSON TRUSTEE 0.80 X 0 0 0 ADA ANDERSON STRASENBURGH TRUSTEE 0.80 X 0 0 0 ADAM WOJTELWICZ CFO 45.00 X 217199 0 23185 SHANE KINSELLA HEAD OF MIDDLE SCHOOL 45.00 X 155672 0 20614 JOSEPHINE BURRI DIRECTOR OF PHILANTHROPY 45.00 X 156474 0 20763 SUSAN MANIX ASSOC. HEAD OF SCHOOL FOR 45.00 X 173959 0 21623 CHRIS LENGTHORN DIRECTOR OF SQUASH 45.00 X 152984 0 10667 TIMOTHY LIGHTMAN HEAD OF LOWER SCHOOL 45.00 X 137927 0 19550 1454241 0 248173 15 0 1 0 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWSON MD 21204 STUDENT DINING SERVICES 918487 AMERICAN SERVICES CORPORATION 2241 PROVIDENCE AVENUE DOUGLASSVILE PA 19013 JANITORIAL SERVICES 739260 JORDAHL ENGINEERING & MECHANICAL LLC 10 DICKERSON ROAD SUITE A NORTH WALES PA 19454 ENGINEERING SERVICES 683186 WILLIS OF PA- WILLIS TOWERS WATSON NORTH 100 MATSONFORD RD 5 RADNOR PA 19087 CONSULTING SERVICES 302412 BRYN MAWR TRUST COMPANY 500 HARRITON RD BRYN MAWR PA 19010 CONSULTING SERVICES 250000 15 295219 4823447 164045 5118666 TUITION & FEES 611710 29423859 29423859 CAFETERIA SALES/ LUNCH 611710 875291 875291 BOOKSTORE SALES 611710 312870 312870 BOOKFAIR 611710 14193 14193 30626213 2111672 13728 2097944 36609 0 36609 36609 36609 12538707 12213592 325115 325115 325115 0 295219 100453 -100453 -100453 OTHER 900099 713632 713632 CREW FEES 611710 121600 121600 YEARBOOK SALES 611710 25894 25894 861126 38978948 30626213 13728 3220341 7743573 7743573 913956 913956 13488711 9733990 2630465 1124256 729778 518104 151834 59840 1623049 1214521 268254 140274 1086594 743610 257099 85885 92087 92087 25022 25022 145 145 91564 91564 393256 393256 650127 650127 1386899 1386899 618253 618253 3106585 3106585 308382 308382 INSTRUCTIONAL EXPENSE 1995840 1995840 AUXILIARY ACTIVITIES 1726457 1726457 FACILITIES OPERATION AL 1071487 803180 268307 HEADMASTERS DISCRETIONA 83797 83797 1139029 63505 870434 205090 38274591 28233084 8157855 1883652 4469631 5566913 17817329 12666807 1018917 1450879 248339 130706 88985852 49199886 41469559 39785966 43170542 36366160 4101567 4722418 623765 709148 112919649 101398997 1919034 1610377 2906423 2276545 20609610 19627894 2883173 1741417 28318240 25256233 X 50717172 48263982 33884237 27878782 84601409 76142764 112919649 101398997 X 704357 -10490709 1327707 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37796665 2493929 -5940001 1503985 32846608 31600085 7811901 1615321 37796665 30496965 691086 1773407 1361373 31600085 28504900 1910428 1368521 1286884 30496965 27287903 508806 2007835 1299644 28504900 0.17920 0.59010 0.23070 0 0 3628073 3628073 69910096 36594167 33315929 15447683 12605719 2841964 39785966 AGENCY FUNDS 429892 INTEREST RATE SWAP 1311525 1741417 X 20844974 -10490709 100453 -10390256 31235230 145 7743573 7743718 38978948 30631326 100453 100453 30530873 145 7743573 7743718 38274591 PART V, LINE 4: THE ENDOWMENT DRAW IS USED TO OFFSET OPERATING COSTS. THESE COSTS ARE PRIMARILY FINANCIAL AID, SCHOLARSHIPS, PROGRAM COSTS AND FACULTY SALARIES. THE SCHOOL SUBSIDIZES AN AMOUNT WELL BEYOND THE DRAW IN EACH OF THESE AREAS. PART X, LINE 2: THE SCHOOL HAS REVIEWED THEIR TAX POSITIONS AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO UNCERTAIN TAX POSITIONS TAKEN ON FEDERAL AND STATE TAX RETURNS FOR THE OPEN TAX YEARS (2018-2020) OR EXPECTED TO BE TAKEN IN THE SCHOOL'S 2021 TAX YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 100,453. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,743,573. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 100,453. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,743,573. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATORY POLICY WAS PUBLISHED IN A LOCAL NEWSPAPER. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC) AND OPPORTUNITY SCHOLARSHIP TAX CREDIT (OSTC) FUNDS AND OVERSEES THIS PROGRAM WHERE DONORS MAKE CONTRIBUTIONS TO SCHOOLS AND RECEIVE TAX CREDIT IN RETURN. THE SCHOOL ALSO RECEIVES ACT 195/90/35 FUNDS FOR LIBRARY/TEXTBOOKS/SCHOOL MATERIALS FROM THE COMMONWEALTH OF PA. SPRING FUNDRAISER 201289 201289 63789 GOLF OUTING 52600 52600 19241 1 41330 41330 17423 295219 295219 100453 100453 -100453 1 FINANCIAL AID 292 7743573 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL TURNER HEAD OF SCHOOL 295026 0 165000 0 0 0 15950 0 115821 0 591797 0 0 0 ADAM WOJTELWICZ CFO 217199 0 0 0 0 0 11347 0 11838 0 240384 0 0 0 SUSAN MANIX ASSOC. HEAD OF SCHOOL FOR 173959 0 0 0 0 0 9785 0 11838 0 195582 0 0 0 JOSEPHINE BURRI DIRECTOR OF PHILANTHROPY 156474 0 0 0 0 0 8925 0 11838 0 177237 0 0 0 SHANE KINSELLA HEAD OF MIDDLE SCHOOL 155672 0 0 0 0 0 8776 0 11838 0 176286 0 0 0 CHRIS LENGTHORN DIRECTOR OF SQUASH 152984 0 0 0 0 0 4617 0 6050 0 163651 0 0 0 TIMOTHY LIGHTMAN HEAD OF LOWER SCHOOL 137927 0 0 0 0 0 7712 0 11838 0 157477 0 0 0 PART I, LINE 1A THE HEADMASTER OF THE SCHOOL IS PROVIDED WITH ON-CAMPUS HOUSING. THE HOUSING IS A CONDITION OF HIS EMPLOYMENT AND NOT PART OF IT HIS TAXABLE INCOME. A MONTGOMERY COUNTY IND DEV AUTHORITY 232245125 2014-05-25 24705000 TO REFINANCE 2010 REVENUE BONDS. 0 0 0 B NORTH PENN HEALTH HOSPITAL AND EDUCATION AUTHORITY 232130191 2014-06-30 10000000 TO FINANCE CONSTRUCTION PROJECTS AT SCHOOL. 0 0 0 A 22271739 11459 19550000 180100 50000 1 0 0 1 B 7887799 61118 50000 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 1 1 WELLS FARGO BANK 27.000000000000 0 0 0 0 0 B 0 1 0 0 1 1 WELLS FARGO BANK 27.000000000000 0 0 0 0 0 A 1 B 1 X 33 164045 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, ASSETS COMMITTEE AND THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES MUST SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION OF THE CEO. THE BOARD UTILIZES AN INDEPENDENT CONSULTANT TO BENCHMARK THE COMPENSATION PACKAGE AS PART OF A "SAFE HARBORS" PROCESS. FOR ALL TOP MANAGEMENT EMPLOYEES, BENCHMARKING THROUGH NAIS AND/OR PAISBOA IS USED TO DETERMINE AN APPROPRIATE SALARY RANGE UPON HIRE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL WILL PROVIDE TO THE PUBLIC THOSE DOCUMENTS THAT STATE AND FEDERAL LAW REQUIRE BE MADE AVAILABLE, SUCH AS THE FORM 990 AND THE SCHOOL'S ARTICLES OF INCORPORATION. SUCH DOCUMENTS ARE AVAILABLE THROUGH THE BUSINESS OFFICE ON DEMAND. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 1,334,927. AMORTIZATION OF DEFERRED BOND COST -7,220. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEDPENDENT ACCOUNTANT. THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.