2021-11-11T11:45:16-06:00 2021-06-30 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2020-07-01 237091186 THE PHILADELPHIA SCHOOL PHIL 2155455323 2501 LOMBARD STREET PHILADELPHIA PA 19146 ZACHARY KLEHR PRESIDENT-BOARD OF TRUSTEES 2155455323 2021-10-25 1 ZACHARY KLEHR 999009999 HELEN M MARTIN P01330899 2158818800 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z ZACHARY KLEHR 2501 LOMBARD STREET PHILADELPHIA PA 19146 16700655 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. 20 19 185 50 0 0 1354078 3876495 12987612 12374290 179690 249159 20200 0 14541580 16499944 2455900 2211946 0 0 8012891 7822585 0 0 350278 4062853 4039572 14531644 14074103 9936 2425841 25323649 27164762 5254910 3664220 20068739 23500542 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 10599885 2205214 12174820 EDUCATION FOR STUDENTS FROM PRESCHOOL TO 8TH GRADE; 41 PRESCHOOL, 51 KINDERGARTEN, 104 PRIMARY UNIT (GRADES 1-2), 124 JUNIOR UNIT (GRADES 3-5), 107 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. 782870 6732 199470 AUXILIARY PROGRAMMING FOR STUDENTS INCLUDING, BUT NOT LIMITED TO MUSIC, CHESS, SPORTS, CLUBS, AND SUMMER CAMP. 11382755 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 1 185 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X CAROL LERNER DIRECTOR OF FINANCE & OPERATIONS 2155455323 2501 LOMBARD STREET PHILADELPHIA PA 19146 DEREK E JOKELSON PRESIDENT 5.00 X X 0 0 0 ZACHARY KLEHR SENIOR VICE PRESIDENT 5.00 X X 0 0 0 JEFFERY DONNON TREASURER 5.00 X X 0 0 0 KENNETH YOUNG SECRETARY 5.00 X X 0 0 0 ANITA ANDREWS BOARD TRUSTEE 5.00 X 0 0 0 JENNY BOGONI BOARD TRUSTEE 5.00 X 0 0 0 HENRY FAIRFAX BOARD TRUSTEE 5.00 X 0 0 0 CHIP FINNEY 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 MICHAEL KERLIN BOARD TRUSTEE 5.00 X 0 0 0 JANE LAWSON-BELL BOARD TRUSTEE 5.00 X 0 0 0 MARC MANNELLA 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 LISA SUN HEAD OF SCHOOL 40.00 X 276743 0 43931 CAROL LERNER DIRECTOR OF FINANCE & OPERATIONS 40.00 X 155485 0 22080 YVES KABORE DIVISION DIRECTOR 40.00 X 118750 0 59641 JEFFREY MORDAN DIRECTOR OF TECHNOLOGY 40.00 X 104330 0 17738 ALLISON KIRSHNER OZ DIRECTOR OF LEARNING RESOURCES 40.00 X 101952 0 20228 REBECCA SELVIN BOARD TRUSTEE (TPSA PRESIDENT) 5.00 X 0 0 0 REBECCA SHAPIRO BOARD TRUSTEE 5.00 X 0 0 0 JJ SHIRLEY BOARD TRUSTEE 5.00 X 0 0 0 JAMES WADDINGTON BOARD TRUSTEE 5.00 X 0 0 0 757260 0 163618 5 0 1 0 ARAMARK SERVICES INC 27310 NETWORK PLACE CHICAGO IL 60673 CLEANING SERVICES 402758 EDU-TECH ACADEMIC SOLUTIONS 5 GREAT VALLEY PARKWAY MALVERN PA 19355 TECHNOLOGICAL SUPPORT 125324 2 1635400 2241095 274139 3876495 TUITION 611710 12156610 12156610 EXTENDED CARE AND STUDENT ACTIVIT 611710 199470 199470 FEES AND FORFEITURES 611710 18210 18210 12374290 150942 150942 288449 10479 200711 0 87738 10479 98217 98217 16499944 12374290 0 249159 2211946 2211946 491219 105715 279789 105715 5602952 4556148 899952 146852 254063 209393 43580 1090 1021740 860515 143503 17722 452611 353678 80534 18399 59522 59522 67625 67625 236820 1650 218713 16457 4704 4704 123978 9172 98599 16207 395156 383301 7903 3952 1365668 1324697 27314 13657 60353 60353 820894 796267 16418 8209 124751 121008 2495 1248 BAD DEBT 276300 276300 BOOKS AND SUPPLIES 182529 182529 STUDENT ENRICHMENT 164203 164203 STAFF DEVELOPMENT 90005 75821 14184 67064 26712 39582 770 14074103 11382755 2341070 350278 400 400 2284528 1922996 69048 1174688 23699 63517 267040 176252 26922172 10655973 16689531 16266199 4170485 5638992 1818918 1921718 25323649 27164762 932900 866280 321138 673731 3893479 2007944 107393 116265 5254910 3664220 X 18408773 20487137 1659966 3013405 20068739 23500542 25323649 27164762 2425841 1024305 -18343 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1377178 49000 411221 36424 1800975 1341080 5800 68950 38652 1377178 1273467 13650 119191 65228 1341080 1279430 -5963 1273467 1320035 -107 40498 1279430 0.76500 0.23500 0 0 4709094 4709094 20262867 9039763 11223104 1780924 1494586 286338 169287 121624 47663 16266199 VANGUARD TOTAL STOCK MARKET INDEX ADM 1921718 F 1921718 CAPITAL LEASE PAYABLE 116265 116265 X 13658560 1024305 1024305 12634255 18343 3847346 3865689 16499944 11862157 0 11862157 2211946 2211946 14074103 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, 2021 AND 2020, 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, 2021 AND 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,205,214. FINANCIAL AID FOR AUXILIARY PROGRAMS 6,732. GAIN ON PPP LOAN FORGIVENESS 1,635,400. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,205,214. FINANCIAL AID FOR AUXILIARY PROGRAMS 6,732. 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. 1 NEED-BASED SCHOLARSHIPS FOR STUDENT'S AUXILIARY PROGRAMS 9 6732 FMV NEED-BASED SCHOLARSHIPS FOR STUDENT'S TUITION 167 2205214 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 265528 0 0 0 11215 0 14009 0 29922 0 320674 0 0 0 CAROL LERNER DIRECTOR OF FINANCE & OPERATIONS 155347 0 0 0 138 0 7942 0 14138 0 177565 0 0 0 YVES KABORE DIVISION DIRECTOR 118690 0 0 0 60 0 6766 0 52875 0 178391 0 0 0 13248 FINANCIAL AID FOR TUITION X 5 200008 HI/LOW DATE OF GIFT X IT SUPPLIES 1 73923 FMV X CLASSROOM SUPPLIES 1 208 FMV 0 0 0 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.