2021-05-10T12:32:03-05:00 2020-06-30 751044330 LANE GORMAN TRUBITT LLC 2626 HOWELL ST SUITE 700 DALLAS TX 75204 990 2019-07-01 751451116 THE EPISCOPAL SCHOOL OF DALLAS INC EPIS 2143584368 4100 MERRELL RD DALLAS TX 75229 ROBERT A BUCHHOLZ CHIEF FINANCIAL OFFICER 2143584368 2021-04-30 1 KEVIN WARNEKE P01294950 2148717500 2019 2022-09-23 18:48:47Z DAVID L BAAD 4100 MERRELL RD DALLAS TX 75229 40854894 0 X WWW.ESDALLAS.ORG X 1974 TX ESD PREPARES CHILDREN FOR INTELLECTUAL DISCOVERY, INTEGRITY AND PURPOSE; WE DEVELOP THE TALENT AND POTENTIAL IN EACH STUDENT THROUGH SOUND LEARNING, DISCIPLINE, AND FAITH. 31 31 445 500 13313 0 4909599 4091634 34673339 34780371 344107 258268 753847 342687 40680892 39472960 3796304 3999578 0 0 22620770 24120928 57305 0 1205733 11086786 12654976 37561165 40775482 3119727 -1302522 119155246 116642895 47667151 46456023 71488095 70186872 X SEE SCHEDULE O 0 0 31041769 3999578 34772461 IN 1974, THE EPISCOPAL SCHOOL OF DALLAS, INC. (ESD) WAS FOUNDED ON FOUR FOUNDING TENETS, WHICH STILL GUIDE THE SCHOOL TODAY. WE BELIEVE DAILY WORSHIP, EXPERIENCES IN COMMUNITY, AND STUDIES IN ETHICAL DECISION-MAKING PREPARE ESD STUDENTS FOR SERVICE TO OTHERS, THE HIGHEST MANIFESTATION OF GOD'S PRESENCE IN OUR LIVES. NEARLY FORTY YEARS LATER, OUR GOAL REMAINS STEADFAST.FOR ESD, THE STANDARD FOR ACHIEVEMENT IS A PERSONAL AND COLLECTIVE EXCELLENCE WITHIN A SCHOOL COMMUNITY THAT BALANCES NURTURE ANDRIGOR OF THE WHOLE CHILD - SPIRIT, MIND, AND BODY. WITH THE DEDICATION OF FACULTY AND COMMUNITY MEMBERS, OUR STUDENTS ARE PREPARED FOR LIVES OF INTELLECTUAL DISCOVERY, INTEGRITY, AND PURPOSE.BY INTEGRATING RIGOROUS ACADEMIC PROGRAMS, ESD MANAGES THE DYNAMIC AND CHALLENGING EDUCATIONAL EXPERIENCE OF A CHILD AS A COLLEGE-BOUND STUDENT FROM BEGINNERS THROUGH GRADE 12. OUR CURRICULUM INCORPORATES THE FOUNDING TENETS OF DAILY WORSHIP, COMMUNITY, ETHICAL DECISION MAKING, AND SERVICE, ALONG WITH FUNDAMENTALS SUCH AS WELLNESS FOR LIFE AND SELF-DISCOVERY, INTO ACADEMICS IN ORDER TO DEVELOP THE EDUCATED CONSCIENCE OF EACH STUDENT.ESD OFFERS TRANSFORMATIVE EDUCATIONAL EXPERIENCES IN AN EPISCOPAL ENVIRONMENT THAT SEEKS TO FOSTER THE ACADEMIC EXCELLENCE AND DEVELOP THE MORAL COMPASS OF EACH STUDENT. ESD'S FACULTY AND STAFF PROVIDE ITS APPROXIMATELY 1,148 STUDENTS WITH A WIDE RANGE OF OPPORTUNITIES IN KEEPING WITH THE SCHOOL'S FUNDING TENETS - DAILY WORSHIP, COMMUNITY, ETHICAL DECISION MAKING, AND SERVICE TO OTHERS. 31041769 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 73 0 1 445 1 1 1 0 0 0 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X TYRONE THORNTON 2143584368 4100 MERRELL ROAD DALLAS TX 75229 DONALD J CARTY CHAIR 1.00 1.00 X X 0 0 0 J GIFFEN WEINMANN JR CHAIR-ELECT 1.00 0.00 X X 0 0 0 NANCY PEROT VICE CHAIR 1.00 0.00 X X 0 0 0 ELIZABETH C MCCABE SECRETARY 1.00 0.00 X X 0 0 0 MARK FREEMAN TREASURER 1.00 0.00 X X 0 0 0 CHRIS ELLISTON DIRECTOR 1.00 0.00 X 0 0 0 ROBERT MARSHALL MILLS DIRECTOR 1.00 0.00 X 0 0 0 ANDREW SINWELL DIRECTOR 1.00 0.00 X 0 0 0 KIMBERLY BALLARD-MADISON DIRECTOR 1.00 0.00 X 0 0 0 CAREN WHITEMAN KLINE DIRECTOR 1.00 0.00 X 0 0 0 BIANCA ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 W PLACK CARR JR DIRECTOR 1.00 0.00 X 0 0 0 MARY ADAIR DOCKERY DIRECTOR 1.00 0.00 X 0 0 0 RHONDA DURHAM DIRECTOR 1.00 0.00 X 0 0 0 VERETTA L FRAZIER DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER GIRATA DIRECTOR 1.00 0.00 X 0 0 0 JANE KENNEDY GREENE DIRECTOR 1.00 0.00 X 0 0 0 R J GROGAN JR DIRECTOR 1.00 0.00 X 0 0 0 SARAH A HAMLIN DIRECTOR 1.00 0.00 X 0 0 0 RICHARD HEATH DIRECTOR 1.00 0.00 X 0 0 0 ANDY KELLER DIRECTOR 1.00 0.00 X 0 0 0 MICHELLE KINDER DIRECTOR 1.00 0.00 X 0 0 0 RYAN KNEIPPER DIRECTOR 1.00 0.00 X 0 0 0 KENT MCGAUGHY DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL K MUNIR DIRECTOR 1.00 0.00 X 0 0 0 DAVID MUNSON DIRECTOR 1.00 0.00 X 0 0 0 SUKUMARAN NAIR DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH R PUCKETT DIRECTOR 1.00 0.00 X 0 0 0 ROBERT J RAYMOND DIRECTOR 1.00 0.00 X 0 0 0 MARGARET RYDER DIRECTOR 1.00 0.00 X 0 0 0 KIT SAWERS DIRECTOR 1.00 0.00 X 0 0 0 GREGG WHITEMAN DIRECTOR 1.00 0.00 X 0 0 0 DAVID L BAAD HEAD OF SCHOOL 38.00 2.00 X 347900 0 36873 ROBERT A BUCHHOLZ CHIEF FINANCIAL OFFICER 38.00 2.00 X 260695 0 53202 RUTH M BURKE ASSISTANT HEAD OF SCHOOL 39.00 1.00 X 212874 0 61392 DENIS M STOKES DIRECTOR OF DEVELOPMENT 38.00 2.00 X 210992 0 44256 JOHN E BOBERG ACADEMIC DEAN 40.00 0.00 X 151416 0 29687 HENRY F HEIL HEAD OF UPPER SCHOOL 40.00 0.00 X 143291 0 41684 MICHAEL J SCHNEIDER PHYSICAL EDUCATION CHAIR 40.00 0.00 X 126710 0 40360 BLANCA M HERNANDEZ DIRECTOR OF FINANCE 40.00 0.00 X 126670 0 28281 DAWN M LEWIS DIRECTOR OF HUMAN RESOURCES 40.00 0.00 X 119556 0 26147 1700104 0 361882 9 0 1 0 HILL & WILKINSON CONSTRUCTION GROUP 2703 TELECOM PARKWAY SUITE 120 RICHARDSON TX 75082 CONSTRUCTION 8215922 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 1062031 ST MICHAEL AND ALL ANGELS CHURCH 8011 DOUGLAS AT COLGATE DALLAS TX 75225 FACILITIES USE 562293 BKM 9755 CLIFFORD DRIVE 100 DALLAS TX 75220 WORKPLACE SOLUTIONS 520720 OVERLAND PARTNERS INC 203 E JONES AVENUE SUITE 104 SAN ANTONIO TX 78215 ARCHITECTURE 268179 5 624563 770000 2697071 428013 4091634 TUITION 611110 32221229 32221229 LUNCH FEES 822514 1071764 1071764 OTHER AUXILARY INCOME 611110 881280 873370 7910 SUMMER SCHOOL 611110 320932 320932 NEW STUDENT FEES, TRIPS, FORFEITE 611110 188494 188494 96672 96672 34780371 259158 259158 258269 259159 -890 -890 -890 672062 624563 671072 990 990 37435 5454 31981 31981 755965 446249 309716 5403 304313 39472960 34772461 13313 595552 3999578 3999578 1219122 61097 890780 267245 17931873 12798466 4678753 454654 870750 860880 9870 2835468 1742702 987237 105529 1263715 897238 328566 37911 1356 1356 95920 95920 129151 119525 9626 80508 10527 65759 4222 121195 59603 55594 5998 526943 484733 42210 2442472 2013654 416954 11864 438841 411179 13028 14634 21623 10098 3204 8321 443908 365972 75780 2156 3947007 3254042 673793 19172 451810 372486 77129 2195 AUXILIARY EXPENSES 1605686 1605686 INSTR. & STUDENT ACTIVI 1452497 1452497 PA AND BOOSTER 641331 641331 DEVELOPMENT EXPENSES 219996 219996 34732 34732 40775482 31041769 8527980 1205733 4989413 6054001 13620273 13270820 12537545 5318921 8925147 9280272 228803 276174 499289 293416 129667678 52122507 73832129 77545171 55654 56954 4466993 4547166 119155246 116642895 5273266 2107133 31152873 31416127 11172862 10792376 0 2000000 68150 140387 47667151 46456023 X 62400449 65993201 9087646 4193671 71488095 70186872 119155246 116642895 -1302522 1299 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26477772 1316197 332937 853826 27273080 25385259 1154472 811674 873633 26477772 20880723 4147714 1440246 1083424 25385259 18158893 1394118 2264551 936839 20880723 17609047 1915770 -366022 999902 18158893 0.19310 0.80690 0 1 1 4256821 4256821 100091503 35193966 64897537 8552693 427092 8125601 16518877 16501449 17428 247784 247784 77545171 FUNDS HELD FOR STUDENT ORGANIZATION 140387 140387 X PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: THE ENDOWMENT FUND OPERATES EXCLUSIVELY AS AN ENDOWMENT FOR THE BENEFIT OF AND TO SUPPORT THE EPISCOPAL SCHOOL OF DALLAS, INC. PART X, LINE 2: FOOTNOTE TO THE ORGANIZATION'S AUDITED CONSOLIDATED FINANCIAL STATEMENTS: THE SCHOOL AND THE TRUST ARE EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE (THE "CODE") ACCORDING TO THE UNITED STATES INTERNAL REVENUE SERVICE (THE "IRS") DETERMINATION LETTERS DATED SEPTEMBER 4, 1974 AND MAY 10, 1988, RESPECTIVELY. ESD, HOWEVER, IS POTENTIALLY SUBJECT TO TAX ON UNRELATED BUSINESS INCOME UNDER THE CODE. WBL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE CODE ACCORDING TO A DETERMINATION LETTER FROM THE IRS DATED MAY 15, 2001. THE FINANCIAL ACCOUNTING STANDARDS BOARD (THE "FASB") PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BY ESD IN ORDER TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE AND LIABILITY IN THE CURRENT YEAR. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN INCOME TAX POSITIONS. ESD DOES NOT HAVE ANY OUTSTANDING INTEREST OR PENALTIES, AND NONE HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEARS ENDED JUNE 30, 2020 AND 2019. ESD IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING THE UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. ESD'S INFORMATIONAL RETURNS FILED WITH THE IRS ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY: THE EPISCOPAL SCHOOL OF DALLAS, INC. PUBLISHES ITS NON-DISCRIMINATION POLICY ON ALL ADMISSION MATERIALS ON ITS WEBSITE. X X X X X 1 TX PA AUCTION 1216845 624563 592282 428013 84740 19362 41286 59531 PA CARNIVAL 79780 79780 38140 1296625 624563 672062 428013 84740 19362 41286 97671 671072 990 4085 454 1 1.00000 33350 5000 1 1.00000 37435 5000 454 5454 31981 TX 0 SEE PART IV. 0 1 0 0.15000 0.85000 MARY BETH WEINBERGER 4100 MERRELL ROAD DALLAS TX 75229 0 MARY BETH WEINBERGER 0 GAMING MANAGEMENT X 1 31981 PART III, LINE 9B: RAFFLE EXPLANATION THE TEXAS CHARITABLE RAFFLE ENABLING ACT, EFFECTIVE JANUARY 1, 1990, PERMITS "QUALIFIED ORGANIZATIONS" TO HOLD UP TO TWO RAFFLES PER CALENDAR YEAR, WITH CERTAIN SPECIFIED RESTRICTIONS. THE ORGANIZATION IS NOT REQUIRED TO REGISTER WITH THE STATE BEFORE CONDUCTING A RAFFLE IF TWO OR FEWER RAFFLES ARE HELD DURING THE CALENDAR YEAR. FORM 990, PART VIII, LINE 8 FUNDRAISING EVENTS THE SCHOOL HELD MAJOR FUNDRAISING EVENTS DURING THE FISCAL YEAR. IT HAD GROSS RECEIPTS OF $1,296,625 AND DIRECT EXPENSES OF $671,072, RESULTING IN A NET PROFIT OF $625,553. PER FORM 990 INSTRUCTIONS, THE SCHOOL IS REQUIRED TO RECLASS THE CHARITABLE PORTION OF ITS FUNDRAISING GROSS RECEIPTS TO FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1C., AND THEREFORE, THE NET EFFECT OF RECLASSING CONTRIBUTIONS OF $624,563 FROM GROSS RECEIPTS AFFECTS THE PRESENTATION OF THE FUNDRAISING EVENTS' NET PROFIT AMOUNT, SHOWING A PROFIT OF $990 WHEN, IN ACTUALITY, THE FUNDRAISING EVENTS WERE MORE PROFITABLE AND RAISED MONEY FOR THE SCHOOL. 1 FINANCIAL AID TO STUDENTS 218 3999578 SCHEDULE I, PART I, LINE 2 THE EPISCOPAL SCHOOL OF DALLAS, INC. (ESD) AWARDS SCHOLARSHIPS TO STUDENTS. THE AMOUNT OF THE SCHOLARSHIP IS ALLOCATED TO THE STUDENT'S ACCOUNT VIA AN INTERNAL PROCESS WITHIN ESD'S ADMISSIONS AND ACCOUNTS RECEIVABLE SYSTEMS. PARENTS THEN PAY ESD THE BALANCE OF THE AMOUNT OWED AFTER THE APPLICATION OF THE AWARDED TUITION ASSISTANCE. X 1 1 X X X 0 1 0 0 0 0 0 1 0 DAVID L BAAD HEAD OF SCHOOL 236500 0 50000 0 61400 0 16252 0 20621 0 384773 0 0 0 ROBERT A BUCHHOLZ CHIEF FINANCIAL OFFICER 260695 0 0 0 0 0 33211 0 19991 0 313897 0 0 0 RUTH M BURKE ASSISTANT HEAD OF SCHOOL 187874 0 25000 0 0 0 42463 0 18929 0 274266 0 0 0 DENIS M STOKES DIRECTOR OF DEVELOPMENT 205992 0 5000 0 0 0 27196 0 17060 0 255248 0 0 0 JOHN E BOBERG ACADEMIC DEAN 151416 0 0 0 0 0 18626 0 11061 0 181103 0 0 0 HENRY F HEIL HEAD OF UPPER SCHOOL 143291 0 0 0 0 0 21489 0 20195 0 184975 0 0 0 MICHAEL J SCHNEIDER PHYSICAL EDUCATION CHAIR 126710 0 0 0 0 0 25290 0 15070 0 167070 0 0 0 BLANCA M HERNANDEZ DIRECTOR OF FINANCE 126670 0 0 0 0 0 17327 0 10954 0 154951 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE EPISCOPAL SCHOOL OF DALLAS, INC. PROVIDES A HOUSING ALLOWANCE OF $50,000 ON AN ANNUAL BASIS FOR THE HEAD OF SCHOOL. THE CURRENT HEAD OF SCHOOL $50,000 HOUSING ALLOWANCE FOR 2020. THIS BENEFIT WAS TREATED AS TAXABLE TO THE CURRENT HEAD OF SCHOOL. PART I, LINE 4B NONQUALIFIED RETIREMENT PLAN: THE HEAD OF SCHOOL PARTICIPATES IN A 457(F) PLAN. THE CURRENT HEAD OF SCHOOL RECEIVED DEFERRED COMPENSATION PAYMENTS TOTALING $150,000 OF DEFERRED INCOME AND EARNINGS IN CALENDAR 2019. PART I, LINE 7 NONFIXED PAYMENTS: THE HEAD OF SCHOOL'S BONUS IS DETERMINED IN ACCORDANCE WITH THE EMPLOYMENT CONTRACT. THE BONUS IS BASED UPON PERFORMANCE AND ANNUAL EVALUATIONS. A ARLINGTON HIGHER EDUCATION FINANCE CORPORATION 273906171 2014-07-22 13100000 REFUNDING LOAN 0 0 0 A 13100000 235221 12864779 2014 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 SCHEDULE K, PART I, COLUMN F ON JULY 22, 2014, EPISCOPAL SCHOOL OF DALLAS ENTERED INTO AN AGREEMENT WITH REGIONS CAPITAL ADVANTAGE, INC., AS LENDER, AND THE ARLINGTON HIGHER EDUCATION FINANCE CORPORATION, AS ISSUER, TO REFINANCE THE OUTSTANDING SERIES 2008 BONDS PAYABLE TO THE CITY OF AMES HIGHER EDUCATION FACILITIES CORPRORATION IN THE ORIGINAL PRINCIPAL AMOUNT OF $9,860,000 AND ITS SERIES 2009 BONDS PAYABLE TO THE CITY OF AMES HIGHER EDUCATION FACILITIES CORPORATION IN THE ORIGINAL PRINCIPAL AMOUNT OF $10,000,000. SCHEDULE K, PART III, LINE 9 WRITTEN PROCEDURES FOR NONQUUALIFIED BONDS: THE EPISCOPAL SCHOOL OF DALLAS WILL BE ESTABLISHING WRITTEN PROCEDURES IN THE 2021 FISCAL YEAR TO ENSURE THAT ALL NONQUALIFIED BONDS OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE REQUIREMENTS UNDER REGULATIONS SECTIONS 1.141-12 AND 1.145-2. 61827 TUITION EDUCATION X 2 180384 FMV X AUCTION ITEMS 265 428013 FMV 0 0 0 PART I, COLUMN (B): PART I, COL (B) THE NUMBER PROVIDED IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION THE EPISCOPAL SCHOOL OF DALLAS, INC. PREPARES YOUNG MEN AND WOMEN FOR LIVES OF INTELLECTUAL DISCOVERY, INTEGRITY, AND PURPOSE. THE SCHOOL DEVELOPS THE UNIQUE TALENT AND POTENTIAL IN EACH STUDENT AND EMBRACES SOUND LEARNING, DISCIPLINE, AND FAITH AS ESSENTIAL ELEMENTS OF AN EDUCATED CONSCIENCE. THE FOUNDING TENETS OF THE EPISCOPAL SCHOOL OF DALLAS, INC. WERE CREATED SIMULTANEOUSLY WITH THE MISSION STATEMENT. THESE TENETS PROVIDE THE STRUCTURE THAT ENABLES THE FACULTY, STAFF, AND STUDENTS TO WORK AND STUDY IN A FAITH-CENTERED ENVIRONMENT. DAILY WORSHIP: NURTURING A SPIRITUAL RELATIONSHIP WITH GOD THROUGH THE USE OF THE BOOK OF COMMON PRAYER WITHIN THE CONTEXT OF A PLURALISTIC AND DIVERSE STUDENT AND FACULTY POPULATION. COMMUNITY: EXPERIENCING MUTUAL TRUST, RESPECT, AND HONOR WHILE PRESERVING INDIVIDUAL IDENTITY, UNIQUENESS OF THOUGHT AND PERSONALITY. ETHICAL DECISION MAKING: PREPARING STUDENTS FOR ACTIONS WHICH PROMOTE THE COMMON GOOD THROUGH THE STUDY OF RELIGIOUS AND MORAL PARADIGMS OF HISTORY AND CONTEMPORARY THOUGHT. SERVICE: ACTUALIZING THE ADVANCEMENT OF THE COMMON GOOD THROUGH ACTS OF MERCY AND RENEWAL HERE AND WITHIN THE LARGER COMMUNITY. DAILY WORSHIP, EXPERIENCES IN COMMUNITY, AND STUDIES IN ETHICAL DECISION MAKING PREPARE MEMBERS OF THIS COMMUNITY FOR SERVICE TO OTHERS, THE HIGHEST MANIFESTATION OF GOD'S PRESENCE IN OUR LIVES. FORM 990, PART VI, SECTION A, LINE 1 DELEGATION OF AUTHORITY: THE BOARD OF DIRECTORS, BY RESOLUTION PASSED BY A MAJORITY OF THE DIRECTORS IN OFFICE, DESIGNATED AN EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS THE FULL AUTHORITY OF THE BOARD OF DIRECTORS EXCEPT FOR THE ABILITY TO AMEND THE CORPORATION'S CERTIFICATE OR BYLAWS, DISSOLVE THE CORPORATION, DISPOSE OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS, ELECT OR REMOVE DIRECTORS, OR WHERE ACTION OF THE FULL BOARD OF DIRECTORS IS SPECIFIED BY LAW OR STATUTE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW: A COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING VIA SECURE ELECTRONIC PORTAL. THE FORM 990 IS DISCUSSED WITH AND APPROVED BY THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: AT THE TIME OF APPOINTMENT, AND ANNUALLY THEREAFTER, ALL BOARD MEMBERS OF THE EPISCOPAL SCHOOL OF DALLAS, INC. (ESD) MUST REVIEW AND SIGN THE CODE OF CONDUCT AND CONFLICTS OF INTEREST POLICY. MEMBERS MUST REPORT ANY DIRECT OR INDIRECT INTEREST, FINANCIAL OR OTHERWISE, OF ANY NATURE THAT IS IN CONFLICT WITH THE PROPER DISCHARGE OF THE MEMBER'S DUTIES. POTENTIAL CONFLICTS OF INTEREST MUST BE DISCLOSED AS SOON AS POSSIBLE. AFTER THE MEMBER REALIZES THAT A CONFLICT OR POTENTIAL CONFLICT EXISTS. PER ESD'S CONFLICT OF INTEREST POLICY, A CONFLICT OF INTEREST EXISTS WHEN THERE IS A POTENTIAL FINANCIAL OR PERSONAL CONFLICT, OR THE APPEARANCE OF SUCH A CONFLICT, BETWEEN A PARTICULAR OUTSIDE INTEREST OR A MEMBER OF THE ESD COMMUNITY AND THE OBLIGATION THAT THE MEMBER OWES THE SCHOOL. A DIRECTOR WHO IS DETERMINED TO HAVE A CONFLICT WILL BE REMOVED FROM THE DECISION MAKING PROCESS COMMITTEE, VOTE, REPORT, ETC.) FOR THAT ITEM. EACH CONFLICT WILL BE DEALT WITH INDIVIDUALLY BY THE BOARD. EACH COMMUNITY MEMBER IS ENCOURAGED TO REPORT APPARENT VIOLATIONS OR CONCERNS ABOUT VIOLATIONS OF THIS CODE OF CONDUCT. DISCIPLINARY ACTIONS FOR PROVEN VIOLATIONS OF THIS CODE OF CONDUCT, OR FOR RETALIATION AGAINST ANYONE WHO REPORTS POSSIBLE VIOLATIONS, WILL BE DETERMINED BY THE HEAD OF SCHOOL AND/OR BOARD AND MAY INCLUDE TERMINATION OF EMPLOYMENT. INDIVIDUALS WHO VIOLATE THE CODE MAY ALSO BE SUBJECT TO CIVIL AND CRIMINAL CHARGES IN SOME CIRCUMSTANCES. THE SCHOOL HAS ADOPTED A WHISTLEBLOWER POLICY FOR THE PROTECTION OF INDIVIDUALS WHO REPORT APPARENT VIOLATIONS. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE COMPENSATION REVIEW: PERIODICALLY, THE COMPENSATION COMMITTEE ENGAGES AN EXPERT CONSULTANT TO DETERMINE WHETHER THE HEAD OF SCHOOL'S COMPENSATION IS REASONABLE AND NOT EXCESSIVE. THE EXPERT CONSULTANT USES COMPARABILITY DATA FROM SIMILAR ORGANIZATIONS AND PRESENTS THE REPORT TO THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE, WHO ARE ALL INDEPENDENT FROM THE PRESIDENT, ANALYZE THE REPORT TO DETERMINE WHETHER THE METHODOLOGIES USED AND ANALYSIS CONTAINED IN THE REPORT ARE REASONABLE AND PRESENTS ITS FINDINGS TO THE FULL BOARD. THE BOARD MAKES THE FINAL DETERMINATION REGARDING THE HEAD OF SCHOOL'S COMPENSATION. THE BOARD'S DECISION IS CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: AUDIT OVERSIGHT BOARD NO CHANGE HAS BEEN MADE TO THE ORGANIZATION'S AUDIT OVERSIGHT PROCESS OR SELECTION PROCESS. WBL FAMILY INVESTMENTS INC 4100 MERRELL ROAD DALLAS TX 75229 311761373 REAL ESTATE TX 501(C)(25) N/A ESD 1 THE ESD PERMANENT ENDOWMENT TRUST 4100 MERRELL ROAD DALLAS TX 75229 752205213 ENDOW TRUST TX 501(C)(3) LINE 12B, II ESD 1 0 0 1 1 0 0 0 0 0 0 1 1 1 1 1 0 1 1 0 THE ESD PERMANENT ENDOWMENT TRUST C 770000 FMV THE ESD PERMANENT ENDOWMENT TRUST L 50000 FMV WBL INVESTMENTS INC D 4552479 FMV