2021-11-08T09:51:10-06:00 2021-06-30 231144520 TAIT WELLER & BAKER LLP 50 SOUTH 16TH STREET SUITE 2900 PHILADELPHIA PA 19102 990 2020-07-01 231352677 SHIPLEY SCHOOL SHIP 6105254300 814 YARROW STREET BRYN MAWR PA 19010 ADAM WOJTELWICZ ASSISTANT TREASURER 6105254300 2021-11-08 1 ADAM WOJTELWICZ 999009999 HARRISON PEREIRA P00746867 2159798800 2021-11-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL TURNER 814 YARROW STREET BRYN MAWR PA 19010 52147136 0 X WWW.SHIPLEYSCHOOL.ORG X 1894 PA THE SHIPLEY SCHOOL IS A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL. 40 39 30 200 -10692 0 4346445 6442074 29859549 30435822 1061442 1822191 1171088 587099 36438524 39287186 7515305 7563905 0 0 17320477 17833867 0 0 1813081 13102611 14562086 37938393 39959858 -1499869 -672672 108473651 112919649 32463088 28318240 76010563 84601409 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 28515233 7563905 30435822 THE SHIPLEY SCHOOL PROVIDES A PRIVATE SCHOOL EDUCATION TO STUDENTS RANGING FROM PRE-KINDERGARTEN TO GRADE 12. THERE WERE 800 STUDENTS ENROLLED AT THE SCHOOL DURING THE 2019-2020 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. 28515233 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 1 292 0 30 1 0 0 0 0 0 0 0 0 0 0 0 X 40 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ADAM WOJTELWICZ 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 DAVID W PALMER TREASURER 0.80 X X 0 0 0 CHRISTOPHER LEAVY TRUSTEE 0.80 X 0 0 0 BRYAN CARTER 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 0.80 X 0 0 0 SHERYL DURHAM TRUSTEE 0.80 X 0 0 0 KARLENE BURRELL-MCRAE TRUSTEE 0.80 X 0 0 0 MARJORIE KATZ TRUSTEE 0.80 X 0 0 0 DAVID LAZARUS TRUSTEE 0.80 X 0 0 0 MIMI KELLER DRAKE TRUSTEE 0.80 X 0 0 0 HILARY DAY MANER 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 LISA BRANDT TRUSTEE 0.80 X 0 0 0 HEATHER HELLE TRUSTEE 0.80 X 0 0 0 ROY GUNDY TRUSTEE 0.80 X 0 0 0 JOHN FRY TRUSTEE 0.80 X 0 0 0 JAMES JENNINGS TRUSTEE 0.80 X 0 0 0 ELIZABETH HUCKER TRUSTEE 0.80 X 0 0 0 SUSANNA LACHS TRUSTEE 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 MATTHEW J GILLIN 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 LISA SCHOENBERG TRUSTEE 0.80 X 0 0 0 LLOYD SNYDER TRUSTEE 0.80 X 0 0 0 JUSTIN RICHARDS TRUSTEE 0.80 X 0 0 0 NEAL REGINO TRUSTEE 0.80 X 0 0 0 DENISE POWELL TRUSTEE 0.80 X 0 0 0 CHARLES RYAN TRUSTEE 0.80 X 0 0 0 MICHAEL TURNER HEAD OF SCHOOL 45.00 X X 500519 0 107486 ADAM WOJTELWICZ ASST TREASURER 45.00 X 193157 0 46324 MARGARET VAN STEENWYK HEAD UPPER SCHOOL 45.00 X 141843 0 19501 JOSEPHINE BURRI DIRECTOR OF DEVELOPMENT 45.00 X 148043 0 19842 CAROLE KELLY LEAD TEACHER 45.00 X 174676 0 12107 SUSAN MANIX ASSOC. HEAD OF SCHOOL FOR 45.00 X 161492 0 20582 CHRIS LENGTHORN DIRECTOR OF SQUASH 45.00 X 140664 0 10560 1460394 0 236402 12 0 1 0 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWSON MD 21204 STUDENT DINING SERVICES 936284 JORDAHL ENGINEERING & MECHANICAL LLC 10 DICKERSON ROAD SUITE A NORTH WALES PA 19454 ENGINEERING SERVICES 465210 MTD CONSTRUCTION COINC 212 CAMARS DR WARMINSTER PA 18974 CONSTRUCTION SERVICES 400798 AMERICAN SERVICES CORPORATION 2241 PROVIDENCE AVENUE DOUGLASSVILE PA 19013 JANITORIAL SERVICES 398356 WILLIS OF PA- WILLIS TOWERS WATSON NORTH 100 MATSONFORD RD 5 RADNOR PA 19087 CONSULTING SERVICES 326393 12 206195 3262800 2973079 441029 6442074 TUITION & FEES 611710 29624718 29624718 CAFETERIA SALES/ LUNCH 611710 517339 517339 BOOKSTORE SALES 611710 283844 283844 BOOKFAIR 611710 9921 9921 30435822 861063 -10692 871755 51209 0 51209 51209 51209 13777165 12816037 961128 961128 961128 21022 206195 43913 -22891 -22891 OTHER 900099 500517 500517 YEARBOOK SALES 611710 29599 29599 CREW FEES 611710 28665 28665 558781 39287186 30435822 -10692 2419982 7563905 7563905 684666 684666 13834128 9365277 3334794 1134057 695173 470365 167851 56957 1563254 1102297 327477 133480 1056646 688882 284346 83418 204051 204051 24250 24250 215669 215669 61548 61548 342994 342994 799735 799735 972557 972557 649312 649312 3199569 3199569 230778 230778 INSTRUCTIONAL EXPENSE 3707351 3707351 AUXILIARY ACTIVITIES 1404078 1404078 FACILITIES OPERATION AL 1149411 888696 260715 HEADMASTERS DISCRETIONA 89713 89713 1511070 40952 1325664 144454 39959858 28515233 9631544 1813081 9484935 4469631 13582511 17817329 2298664 1018917 409061 248339 87562860 46093301 43404473 41469559 34999826 43170542 3526586 4101567 767595 623765 108473651 112919649 1565726 1919034 2372504 2906423 21561326 20609610 6963532 2883173 32463088 28318240 X 47459516 50717172 28551047 33884237 76010563 84601409 108473651 112919649 X -672672 8322111 941407 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31600085 7811901 1615321 37796665 30496965 691086 1773407 1361373 31600085 28504900 1910428 1368521 1286884 30496965 27287903 508806 2007835 1299644 28504900 25206190 154854 3210435 1283576 27287903 0.12550 0.51100 0.36350 0 0 3628073 3628073 69030567 34342872 34687695 14904220 11750429 3153791 41469559 AGENCY FUNDS 236721 INTEREST RATE SWAP 2646452 2883173 X 39873636 8322111 43913 8366024 31507612 215669 7563905 7779574 39287186 32224197 43913 43913 32180284 215669 7563905 7779574 39959858 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 (2017-2019) OR EXPECTED TO BE TAKEN IN THE SCHOOL'S 2020 TAX YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 43,913. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,563,905. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 43,913. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,563,905. 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 127910 127910 14767 GOLF OUTING 66890 53700 13190 22751 2 32417 24585 7832 6395 227217 206195 21022 43913 43913 -22891 1 FINANCIAL AID 298 7563905 X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 MICHAEL TURNER HEAD OF SCHOOL 500519 0 0 0 0 0 15675 0 91811 0 608005 0 0 0 ADAM WOJTELWICZ ASST TREASURER 193157 0 0 0 0 0 10624 0 35700 0 239481 0 0 0 CAROLE KELLY LEAD TEACHER 26492 0 0 0 148184 0 9607 0 2500 0 186783 0 0 0 SUSAN MANIX ASSOC. HEAD OF SCHOOL FOR 161492 0 0 0 0 0 8882 0 11700 0 182074 0 0 0 JOSEPHINE BURRI DIRECTOR OF DEVELOPMENT 148043 0 0 0 0 0 8142 0 11700 0 167885 0 0 0 MARGARET VAN STEENWYK HEAD UPPER SCHOOL 141843 0 0 0 0 0 7801 0 11700 0 161344 0 0 0 CHRIS LENGTHORN DIRECTOR OF SQUASH 140664 0 0 0 0 0 4560 0 6000 0 151224 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 NO PART OF IT IS TAXABLE INCOME. PART I, LINE 4A CAROLE KELLY RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $148,184. 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 48 441029 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 945,627. AMORTIZATION OF DEFERRED BOND COST -7,220. GAIN OF SALE OF PROPERTY 3,000. 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.