2021-05-12T10:34:37-05:00 2020-06-30 232896692 BBD LLP 1835 MARKET STREET 3RD FLOOR PHILADELPHIA PA 19103 990 2019-07-01 231370498 CHURCH FARM SCHOOL CHUR 6103637500 1001 E LINCOLN HIGHWAY EXTON PA 19341 EDMUND K SHERRILL II HEAD OF SCHOOL 6103637500 2021-05-12 1 JENNIFER SOLOT P00749373 2155677770 2019 2022-09-23 18:48:47Z EDMUND K SHERRILL II 1001 E LINCOLN HIGHWAY EXTON PA 19341 103978414 0 X WWW.GOCFS.NET X 1918 PA THE CHURCH FARM SCHOOL PREPARES A DIVERSE GROUP OF BOYS WITH ACADEMIC ABILITY AND GOOD CHARACTER TO LEAD PRODUCTIVE AND FULFILLING LIVES BY MAKING A COLLEGE PREPARATORY EDUCATION FINANCIALLY ACCESSIBLE. 17 17 105 17 -39947 -57552 5145642 2578465 1437249 1098583 9939604 18853281 134465 94450 16656960 22624779 0 0 0 0 6195407 6096955 0 0 603262 5199584 4441603 11394991 10538558 5261969 12086221 184207944 176217570 6983641 8473670 177224303 167743900 THE CHURCH FARM SCHOOL PREPARES A DIVERSE GROUP OF BOYS WITH ACADEMIC ABILITY AND GOOD CHARACTER TO LEAD PRODUCTIVE AND FULFILLING LIVES BY MAKING A COLLEGE PREPARATORY EDUCATION FINANCIALLY ACCESSIBLE. 0 0 7886316 1098583 PROVISION OF A RESIDENTIAL COLLEGE PREPARATORY ENVIRONMENT FOR BOYS IN GRADES 9 THROUGH 12 FROM FINACIALLY DESERVING FAMILIES. THE SCHOOL PROVIDES EDUCATION, HOUSING, FOOD, SOCIAL ACTIVITIES, SUPPORT SERVICES, SOME TRANSPORTATION, AND A WORK PROGRAM FOR APPROXIMATELY 186 BOYS ON A 150 ACRE CAMPUS. NEARLY 100% OF CFS GRADUATES GO ON TO MATRICULATE TO 4 YEAR COLLEGES AND UNIVERSITIES. 7886316 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 54 0 1 105 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X KAREN WERTZ 6103637500 1001 E LINCOLN HIGHWAY EXTON PA 19341 X MATTHEW J BURNS CHAIRMAN 3.00 X X 0 0 0 SAMUEL B CUPP JR TREASURER 3.00 X X 0 0 0 STACEY SHREINER KLEY SECRETARY 3.00 X X 0 0 0 ALEMAYEHU ADDIS BOARD MEMBER 1.00 X 0 0 0 CAROL AICHELE BOARD MEMBER 1.00 X 0 0 0 JOHN A BELLIS JR BOARD MEMBER 1.00 X 0 0 0 GREGORY W COLEMAN BOARD MEMBER 1.00 X 0 0 0 STEPHEN B DARBY BOARD MEMBER 1.00 X 0 0 0 JOHN D DIEDERICH BOARD MEMBER 1.00 X 0 0 0 RICHARD H GHERST II BOARD MEMBER 1.00 X 0 0 0 MICHAEL J HANKIN BOARD MEMBER 1.00 X 0 0 0 REV PRESTON B HANNIBAL BOARD MEMBER 1.00 X 0 0 0 STEPHEN A LONEY BOARD MEMBER 1.00 X 0 0 0 VINCENT J NAPOLEON BOARD MEMBER 1.00 X 0 0 0 PETER C PHILLIPS MD BOARD MEMBER 1.00 X 0 0 0 CAROLINE BUCK ROGERS BOARD MEMBER 1.00 X 0 0 0 MEHUL TRIVEDI BOARD MEMBER 1.00 X 0 0 0 REV EDMUND K SHERRILL II HEAD OF SCHOOL 50.00 X 230386 0 121268 CHRISTOPHER A SEELEY ASSISTANT HEAD OF SCHOOL 50.00 X 157879 0 37223 KAREN K WERTZ DIRECTOR OF FINANCE 50.00 X 139285 0 3966 LISA R SMOOTS DIRECTOR OF ADMISSIONS 50.00 X 105061 0 25206 ARTHUR S SMITH FACULTY TEACHER 50.00 X 112508 0 15826 745119 0 203489 5 0 1 0 CALDWELL HECKLES & EGAN INC 1270 GROFFTOWN ROAD LANCASTER PA 17602 CONSTRUCTION SERVICES 5522990 SODEXO INC AND AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 FOOD/JANITOR SERVICES 1149845 VOITH & MACTAVISH ARCHITECTS LLP 2401 WALNUT STREET 6TH FLOOR PHILADELPHIA PA 19103 ARCHITECT SERVICES 345451 BRIGHTVIEW LANDSCAPE LLC 131 SHIP ROAD EXTON PA 19341 GROUNDS SERVICES 136841 4 101601 2476864 216463 2578465 TUITION AND FEES 900099 1098583 1098583 1098583 3402969 -39947 3442916 104725 0 104725 104725 104725 96763922 500 81314110 0 15449812 500 15450312 15450312 29250 101601 39525 -10275 -10275 22624779 1098583 -39947 18987678 308529 308529 4431386 3227377 824490 379519 409473 322543 48999 37931 595730 421406 124773 49551 351837 243207 80029 28601 34879 34879 72052 4510 67542 130159 130159 983622 945424 38198 115339 33187 1949 80203 75917 33180 28676 14061 308544 140849 167695 650378 623773 26605 98667 76210 19415 3042 40521 31287 7760 1474 1919 1919 768485 729292 39193 117130 99662 13613 3855 CAMPUS MAINTENANCE 343609 327684 15925 ATHLETIC 141620 141620 STUDENT ACTIVITY 107588 107588 INSTRUCTIONAL 87639 87639 363535 289878 68632 5025 10538558 7886316 2048980 603262 0 0 6053580 2189078 1980425 1998515 91876 110830 145313 278209 45590894 23774623 13673062 21816271 141858476 129263373 12752393 12618327 7652819 7942967 184207944 176217570 1819464 1635068 527745 167072 1116200 4636432 5555330 6983641 8473670 X 141106300 132311589 36118003 35432311 177224303 167743900 184207944 176217570 X 12086221 -20240869 -1325755 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 154610870 0 -1841640 10887530 141881700 152533381 155626 9708403 7786540 154610870 146603323 13350 12973606 7056898 152533381 133996365 18636732 6029774 146603323 141711675 -881535 6833775 133996365 0.80800 0.19200 1 0 317134 317134 28475270 19548462 8926808 12135644 12135644 4662846 4226161 436685 21816271 COMMON TRUST FUND 12618327 F 12618327 PENSION BENEFITS LIABILITY 5555330 5555330 X 2293275 -20240870 -20240870 22534145 130159 -39525 90634 22624779 11773679 1325755 1325755 10447924 130159 -39525 90634 10538558 PART V, LINE 4: CFS'S ENDOWMENT CONSISTS OF PORTFOLIO INVESTMENTS WHICH PROVIDE APPROXIMATELY 70 PERCENT OF ANNUAL OPERATING NEEDS, AS WELL AS LONG-TERM FINANCIAL STABILITY. PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ("GAAP") REQUIRES ENTITIES TO EVALUATE, MEASURE, RECOGNIZE, AND DISCLOSE ANY UNCERTAIN TAX POSITIONS. GAAP PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. CFS BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITION AS DEFINED IN GAAP. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -39,525. PART XII, LINE 2D - OTHER ADJUSTMENTS: DECREASE IN UNFUNDED PENSION STATUS 1,325,755. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -39,525. 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 NONDISCRIMINATION POLICY AS IT RELATES TO STUDENTS IS PUBLISHED IN THE PARENT/STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 FINANCIAL ASSISTANCE IS RECEIVED FROM THE STATE OF PENNSYLVANIA IN THE FORM OF AN ALLOWANCE (CREDIT) TO BE USED FOR THE PURCHASE OF TEXTBOOKS AND OTHER EDUCATIONAL MATERIALS. GOLF CLASSIC 130851 101601 29250 12430 11300 15795 130851 101601 29250 12430 11300 15795 39525 -10275 X X 1 1 X X 0 0 0 0 0 0 0 0 0 REV EDMUND K SHERRILL II HEAD OF SCHOOL 230386 0 0 0 0 0 57136 0 64132 0 351654 0 0 0 CHRISTOPHER A SEELEY ASSISTANT HEAD OF SCHOOL 157879 0 0 0 0 0 20406 0 16817 0 195102 0 0 0 SCHEDULE J, PART I, LINE 1 THE SCHOOL PROVIDES HOUSING AND OTHER BENEFITS TO CERTAIN KEY EMPLOYEES AS A REQUIREMENT OF THEIR DUTIES OR AS A BENEFIT OF EMPLOYMENT. THE VALUE OF THESE BENEFITS ARE INCLUDED IN THE TAXABLE WAGES OF THESE EMPLOYEES, TO THE EXTENT THEY ARE NOT OTHERWISE EXCLUDED FROM SUCH BY THE INTERNAL REVENUE CODE AND ALL ARE DISCLOSED, AS REQUIRED, ON FORM 990, PART VII AND SCHEDULE J. THERE ARE SOME TAX INDEMNIFICATION BENEFITS PROVIDED TO FACULTY OF LONG TERM TENURE. X 5 216463 FAIR MARKET VALUE 0 0 1 1 PART I, LINE 32B: ALL DONATED PUBLICLY TRADED SECURITIES ARE SOLD IMMEDIATELY BY BRYN MAWR TRUST. FORM 990, PART VI, SECTION A, LINE 2 MATTHEW BURNS, STEPHEN DARBY, JOHN DIEDERICH, AND CAROLINE ROGERS ARE CFS DIRECTORS WHO PARTICIPATE IN THE CHURCH FARM SCHOOL SCHOLARSHIP 1, LLC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 WAS PREPARED BY AN ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS FIRST CIRCULATED TO THE AUDIT COMMITTEE AND THEN DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER WAS PROVIDED OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT: THE CONFLICT OF INTEREST POLICY APPLIES TO BOARD MEMBERS, OFFICERS, HIGHLY COMPENSATED EMPLOYEES, EMPLOYEES WITH PURCHASING RESPONSIBILITY AND PROFESSIONAL SERVICE PROVIDERS. ALL COVERED INDIVIDUALS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS ANNUALLY BY COPLETING AN ACTIVITY QUESTIONNAIRE. THESE QUESTIONNAIRES ARE REVIEWED AND MONITORED BY THE CFO OF THE ORGANIZATION. FOR INDIVIDUALS WITH POTENTIAL CONFLICTS, THAT INDIVIDUAL IS RECUSED FROM VOTING ON THE CONFLICTED MATTER OR PARTICIPATION IN THE CONFLICTED MATTER. FORM 990, PART VI, SECTION B, LINE 15A PROCESS FOR DETERMINING COMPENSATION: THE EXECUTIVE COMMITTEE OF THE BOARD INITIALLY ENGAGED AN INDEPENDENT SCHOOL COMPENSATION CONSULTANT TO ASSIST IN DESIGNING AND IMPLEMENETING THE CURRENT COMPENSATION PACKAGE/STRUCTURE OF THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE OF THE BOARD BENCHMARKS THE TERMS OF COMPENSATION FOR THE HEAD OF SCHOOL TO CONFIRM THAT THE POLICY IS IN-LINE WITH INDUSTRY STANDARDS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS/NAIS, ETC.). FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN UNFUNDED PENSION STATUS -1,325,755.