SPRINGSIDE CHESTNUT HILL ACADEMY: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- SPRINGSIDE CHESTNUT HILL ACADEMY (EIN 23-1352681)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-04-29
- IRS object ID
- 202021209349300117
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-04-29T14:41:49-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY VIRCHOW KRAUSE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1570 FRUITVILLE PIKE SUITE 400 | AddressLine1Txt |
| City | LANCASTER | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231352681 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SPRINGSIDE CHESTNUT HILL ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SPRI | BusinessNameControlTxt |
| Phone | 2152477200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 W WILLOW GROVE AVENUE | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19118 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FRANK V ALOISE JR | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 2152477200 | PhoneNum |
| Signature | 2020-04-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KERRI N BOGDA CPA | PreparerPersonNm |
| PTIN | P00760402 | PTIN |
| Phone | 7177404863 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 73.101.37.214 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-04-29 | IPDt |
| IP Tm | 08:54:49 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | F58787FA80410BAE38B710EAF9FCC5760AD3BCDF | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-09-23 17:36:50Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | STEPHEN DRUGGAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 W WILLOW GROVE AVENUE | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19118 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $61,885,803 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SCH.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1879 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | TO PROMOTE EDUCATION, INSTRUCTION AND TRAINING OF CHILDREN AND YOUNG PEOPLE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 27 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 27 | VotingMembersIndependentCnt |
| Total Employee | 429 | TotalEmployeeCnt |
| Total Volunteers | 180 | TotalVolunteersCnt |
| Total Gross UBI | $1,066 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$74 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,747,222 | PYContributionsGrantsAmt |
| CY Contributions Grants | $12,096,909 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $35,216,151 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $37,248,893 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,357,725 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,133,239 | CYInvestmentIncomeAmt |
| PY Other Revenue | $590,473 | PYOtherRevenueAmt |
| CY Other Revenue | $617,846 | CYOtherRevenueAmt |
| PY Total Revenue | $45,911,571 | PYTotalRevenueAmt |
| CY Total Revenue | $52,096,887 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $11,425,322 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $12,805,774 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $20,790,105 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $21,567,733 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,682,381 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,054,883 | PYOtherExpensesAmt |
| CY Other Expenses | $11,252,381 | CYOtherExpensesAmt |
| PY Total Expenses | $43,270,310 | PYTotalExpensesAmt |
| CY Total Expenses | $45,625,888 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,641,261 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,470,999 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $119,417,888 | TotalAssetsBOYAmt |
| Total Assets EOY | $138,376,094 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $38,570,886 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $52,949,889 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $80,847,002 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $85,426,205 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | AT SPRINGSIDE CHESTNUT HILL ACADEMY WE EDUCATE STUDENTS TO BE INNOVATIVE LEADERS, BREAKTHROUGH THINKERS, AND IMAGINATIVE PROBLEM SOLVERS. WE CHALLENGE STUDENTS TO LEARN IN POWERFUL NEW WAYS, ENGAGE IN ACTIVE INQUIRY, HONE SKILLS OF CREATIVE AND ANALYTIC THINKING, AND CELEBRATE THE JOY OF DISCOVERY. THROUGH A RIGOROUS COLLEGE-PREPARATORY PROGRAM GROUNDED IN PROJECT-AND PASSION-BASED LEARNING, WE PREPARE OUR STUDENTS FOR THEIR FUTURE AS ACTIVE LEARNERS AND RESPONSIBLE GLOBAL CITIZENS. BLENDING THE BEST OF SINGLE-SEX EDUCATION AND COEDUCATION, WE EMPOWER AND PREPARE OUR YOUNG MEN AND WOMEN TO MEET CHALLENGES WITH COURAGE, INTEGRITY, AND RESPECT. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $40,820,266 | ExpenseAmt |
| Grant | $12,805,774 | GrantAmt |
| Revenue | $37,248,893 | RevenueAmt |
| Desc | SPRINGSIDE CHESTNUT HILL ACADEMY (SCH) IS AN INDEPENDENT SCHOOL THAT OFFERS A RIGOROUS CURRICULUM TO OVER 1,000 STUDENTS FROM OVER 100 REGIONAL ZIP CODES AND INTERNATIONAL ORIGINS. SCH'S EDUCATIONAL MODEL IS DISTINGUISHED BY SINGLE-SEX EDUCATION IN GRADES PRE-K THROUGH 8 FOLLOWED BY A COED UPPER SCHOOL. THIS UNIQUE STRUCTURE EXPRESSES SCH'S BELIEF IN THE BENEFITS OF SINGLE-SEX ACADEMIC INSTRUCTION IN THE LOWER AND MIDDLE GRADES AND RECOGNITION OF THE VALUE OF COEDUCATION IN A STUDENT'S PREPARATION FOR COLLEGE AND BEYOND.SCH IS DISTINGUISHED BY SIGNATURE PROGRAMS IN ENTREPRENEURIAL LEADERSHIP, GLOBAL TRAVEL, ROBOTICS AND ENGINEERING, COLLEGE PREPARATION, ART AND NEW MEDIA, OUTDOOR EDUCATION, AND THE PRINCIPLES OF SUSTAINABILITY.FOUNDED IN 1861 AND SITUATED ON A 62-ACRE CAMPUS IN CHESTNUT HILL, PHILADELPHIA, THE SCHOOL HAS A LONG HISTORY OF EDUCATIONAL EXCELLENCE, PREPARING STUDENTS TO LEAD LIVES CHARACTERIZED BY THOUGHTFULNESS, INTEGRITY, AND A PASSION TO EFFECT POSITIVE CHANGE.FIVE VALUES SERVE AS THE FOUNDATION FOR OUR TEACHING AND COMMUNITY SPIRIT: DIVERSITY, INTEGRITY, RESILIENCE, COURAGE, AND THOUGHTFULNESS.DISTINCTIVE FEATURES OF SCH FACILITIES:A 19TH-CENTURY INN LISTED IN THE NATIONAL REGISTER OF HISTORIC PLACES AND CHESTNUT HILL CONSERVANCY'S PRESERVATION RECOGNITION AWARD NEW STATE-OF-THE-ART LOWER SCHOOL 17 LABORATORIES, INCLUDING A 1,600-SQUARE-FOOT STATE-OF-THE-ART ENGINEERING AND ROBOTICS LAB; VIDCAST STUDIO FOR VIDEO AND MUSIC PRODUCTION; AND MAKER SPACE FOR LOWER SCHOOLS CERTIFIED LEED GOLD SCIENCE AND TECHNOLOGY BUILDING 6 SOL LEWITT INSTALLATIONS AND A VIOLET OAKLEY MURAL AN ACRE SOLAR ARRAY ROOFTOP INSTALLATION LOW- AND HIGH-ROPES CHALLENGE COURSE FABRICATION AND DESIGN SPACES, INCLUDING 13 3D PRINTERS AND 2 LASER CUTTERS 1.5 MILES OF WALKING TRAILS ON THE SCHOOLS PROPERTY THAT CONNECTS TO THE WISSAHICKON PARK.POINTS OF PRIDE: IN SEPTEMBER 2019, SCH OPENED THE DOORS OF MCCAUSLAND LOWER SCHOOL AND COMMONS, MOVED THE MIDDLE SCHOOL BOYS DIVISION TO THE MIDDLE SCHOOL BUILDING AND THE UPPER SCHOOL TO THE INN, THUS COMPLETING PHASE II OF THE SCHOOL'S CAMPUS MASTER PLAN. THE SCHOOL'S ATHLETICS TEAMS HAVE EARNED 6 INTER-AC CHAMPIONSHIP TITLES (2017-2019), 4 PAISAA CHAMPIONSHIPS (2017-2019), AND 214 ALL-INTER-AC SELECTIONS (2015-2019), INCLUDING 6 MVPS. UPPER SCHOOL STUDENTS HAVE 100+ ELECTIVES TO CHOOSE FROM, INCLUDING FORENSICS, ARCHITECTURAL DESIGN, ADVANCED CREATIVE WRITING AND VECTOR CALCULUS. 850+ SCH STUDENTS HAVE DEEPENED THEIR GLOBAL CITIZENSHIP SKILLS THROUGH MEANINGFUL IMMERSION AND SERVICE EXPERIENCES IN 20 COUNTRIES, INCLUDING CHINA, CUBA, CAMBODIA, THAILAND, ECUADOR, FRANCE, PERU, ITALY, NEW ZEALAND, MEXICO, ETHIOPIA, ICELAND, AND SENEGAL.SCH'S UPPER SCHOOL ROBOTICS TEAM WAS THE WORLD CHAMPION ROBOTICS TEAM AT THE END OF THE SEASON. IT HAS COMPETED IN THE FIRST ROBOTICS WORLD CHAMPIONSHIP SINCE 2003, FINISHING IN THE TOP 10 WORLDWIDE 5 TIMES AND WINNING THE COVETED FIRST CHAIRMAN'S AWARD 8 TIMES. OVER THE PAST 17 YEARS, ROBOTICS STUDENTS HAVE BEEN ACCEPTED INTO THE NATION'S TOP ENGINEERING PROGRAMS, INCLUDING PRINCETON, MIT, CALTECH, PENN, BROWN, COLUMBIA, CORNELL, CARNEGIE MELLON, JOHNS HOPKINS, GEORGIA TECH, CLEMSON, RPI, WPI, ROSE-HULMAN, AND ALL THREE MILITARY ACADEMIES. SCH COACHES OVER 8 ROBOTICS TEAMS STARTING AS EARLY AS 1 ST GRADE. STUDENTS PARTICIPATE IN FIRST ROBOTICS COMPETITIONS WHERE THEY ARE APPLYING THEIR PHYSICS AND ENGINEERING KNOWLEDGE TO THE CONSTRUCTION OF ROBOTS, WHILE ALSO LEARNING POSITIVE VALUES SUCH AS FRIENDLY COMPETITION, TEAMWORK, AND PERSEVERANCE.SCH HAS PARTNERED WITH THE AMERICAN CHESTNUT FOUNDATION TO RESTORE THE AMERICAN CHESTNUT TREE TO THE AREA WHICH ONCE COVERED THE NORTHWEST AREA OF PHILADELPHIA. THE SCHOOL PLANTED AN EXPERIMENTAL GROVE OF 70 TREES ASSISTING IN INDENTIFYING BLIGHT RESISTANT CHESTNUT TREES ON CAMPUS IN THE FALL (2019). SCH'S SANDS CENTER FOR ENTREPRENEURIAL LEADERSHIP (CEL) AND ITS INNOVATIVE PROGRAM CONTINUE TO PRODUCE STUDENTS WITH THE MINDSET AND SKILLSET THAT EARNS THEM DISTINCTIONS AT PITCH COMPETITIONS, ENTREPRENEURIAL GRANTS, AND ADMISSION TO COLLEGE. THE CEL CURRICULUM IS INTEGRATED INTO PRE-K9TH EXPERIENCE, BUILDING TOWARD "CAPSTONE" WHERE ALL SOPHOMORES LAUNCH VENTURES. THE CENTER RECENTLY LAUNCHED AN INTERNATIONAL PARTNERSHIP WITH ARCADIA EDUCATION IN DUBAI, UAE, EXTENDING ITS REACH INTERNATIONALLY BY LICENSING THE SCHOOL'S UNIQUE EDUCATIONAL CURRICULUM. | Desc |
| Total Program Service Expenses | $40,820,266 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 147 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 429 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 27 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 27 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANK V ALOISE JR CHIEF FINANCIAL OFFICER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2152477203 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 WEST WILLOW | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 191184135 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (35 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| RICHARD A HAYNE | ||||||||
| CHAIRMAN | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| STEVEN H KAPP | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL J BARRIST | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MIMS MAYNARD ZABRISKIE | ||||||||
| SECRETARY | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| PAMELA VON SELDENECK HARRIS | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| STACEY PERPER METHVIN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ELLIN DIXON MILLER | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT M PECK | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOFFIE C PITTMAN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BRIAN VOGT | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RENEE CHENAULT-FATTAH | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PATRICK LINDSAY | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN DETWEILER | ||||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL GOLDEN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| TIMOTHY LEVIN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| GINNY MARKOS | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SHERYL WINSTON-SMITH | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DR VANESSA CHAN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ANN MARIE MENDLOW | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RASHAD CAMPBELL | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KIM WHETZEL | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM DORAN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| YOUNGMOO KIM | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DEBORAH MAINE | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| M BRIAN BLAKE | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDREW TOPPING | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARJORIE KERSHBAUM SHIEKMAN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| FRANK V ALOISE JR | ||||||||
| CHIEF FINANCIAL OFFICER | 50.00 | Yes (X) | $253,360 | $0 | $43,129 | |||
| STEVE DRUGGAN | ||||||||
| HEAD OF SCHOOL | 50.00 | Yes (X) | $370,710 | $0 | $110,226 | |||
| PETER DIDONATO | ||||||||
| CHIEF INNOVATION OFFICER | 50.00 | $156,230 | $0 | $35,177 | Yes (X) | |||
| JENNIFER MCHUGH | ||||||||
| DIRECTOR OF ADVANCEMENT | 50.00 | $135,600 | $0 | $27,809 | Yes (X) | |||
| LIANE FAERMANN | ||||||||
| DIRECTOR OF HUMAN RESOURCES | 50.00 | $124,690 | $0 | $15,852 | Yes (X) | |||
| DOUGLASS WAINWRIGHT | ||||||||
| HEAD OF LOWER SCHOOL GIRLS | 50.00 | $125,242 | $0 | $24,910 | Yes (X) | |||
| DAVE WILSON | ||||||||
| HEAD OF ATHLETICS | 50.00 | $137,747 | $0 | $34,053 | Yes (X) | |||
| MATTHEW NORCINI | ||||||||
| DIVISION HEAD | 50.00 | $128,650 | $0 | $17,535 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,432,229 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $308,691 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 20 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| INTECH CONSTRUCTION LLC | |||||
| 3020 MARKET ST | PHILADELPHIA | PA | 19104 | BUILDING CONSTRUCT. | $7,515,552 |
| CULINART GROUP INC | |||||
| PO BOX 417632 | BOSTON | MA | 02241 | DINING SERVICES | $1,068,224 |
| INTERSTATE MAINTENANCE CORP | |||||
| 508 PRUDENTIAL ROAD STE 100 | HORSHAM | PA | 19044 | CLEANING SERVICES | $444,462 |
| HAVERSTICK-BORTHWICK CO | |||||
| 400 STENTON AVENUE | PLYMOUTH MEETING | PA | 19462 | BUILDING CONSTRUCT. | $369,777 |
| ANCHOR MANAGEMENT GROUP | |||||
| 1000 CONSHOHOCKEN ROAD | CONSHOHOCKEN | PA | 19428 | PROJECT MANAGEMENT | $226,143 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $81,698 | FundraisingAmt |
| Government Grants | $148,857 | GovernmentGrantsAmt |
| All Other Contributions | $11,866,354 | AllOtherContributionsAmt |
| Noncash Contributions | $5,785,277 | NoncashContributionsAmt |
| Total Contributions | $12,096,909 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION | 611710 | $35,636,263 | $35,636,263 |
| FOOD SERVICES | 611710 | $900,242 | $900,242 |
| ATHLETICS AND SUMMER PROGRAMS | 611710 | $360,915 | $360,915 |
| EDUCATIONAL TRIPS | 611710 | $294,545 | $294,545 |
| MUSIC INSTRUCTION | 611710 | $56,928 | $56,928 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $37,248,893 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,071,806 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $1,066 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,070,740 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $162,528 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $39,376 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $123,152 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $123,152 | TotalRevenueColumnAmt |
| Exclusion | $123,152 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,640,618 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,579,185 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,061,433 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,061,433 | TotalRevenueColumnAmt |
| Exclusion | $1,061,433 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $57,365 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $81,698 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $46,695 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,670 | TotalRevenueColumnAmt |
| Exclusion | $10,670 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $200,498 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $123,660 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $76,838 | TotalRevenueColumnAmt |
| Exclusion | $76,838 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| AFTER SCHOOL INCOME | 611710 | $211,140 | $211,140 |
| EVENT REVENUE/MISC SALES | 611710 | $49,036 | $49,036 |
| STUDENT BILLING | 611710 | $41,890 | $41,890 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $105,120 | TotalRevenueColumnAmt |
| Exclusion | $105,120 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $407,186 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $52,096,887 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $37,248,893 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,066 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,750,019 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,766,624 | TotalAmt |
| Program Services | $12,766,624 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,150 | TotalAmt |
| Program Services | $39,150 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $963,054 | TotalAmt |
| Management And General | $963,054 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,940,987 | TotalAmt |
| Program Services | $14,045,519 | ProgramServicesAmt |
| Management And General | $1,041,568 | ManagementAndGeneralAmt |
| Fundraising | $853,900 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,013,776 | TotalAmt |
| Program Services | $882,671 | ProgramServicesAmt |
| Management And General | $72,903 | ManagementAndGeneralAmt |
| Fundraising | $58,202 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,534,020 | TotalAmt |
| Program Services | $2,373,714 | ProgramServicesAmt |
| Management And General | $32,315 | ManagementAndGeneralAmt |
| Fundraising | $127,991 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,115,896 | TotalAmt |
| Program Services | $952,644 | ProgramServicesAmt |
| Management And General | $105,416 | ManagementAndGeneralAmt |
| Fundraising | $57,836 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,515 | TotalAmt |
| Management And General | $50,515 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,600 | TotalAmt |
| Management And General | $60,600 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,775 | TotalAmt |
| Management And General | $93,775 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $341,262 | TotalAmt |
| Program Services | $310,244 | ProgramServicesAmt |
| Fundraising | $31,018 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,311 | TotalAmt |
| Program Services | $5,955 | ProgramServicesAmt |
| Management And General | $15,960 | ManagementAndGeneralAmt |
| Fundraising | $22,396 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $647,938 | TotalAmt |
| Program Services | $517,026 | ProgramServicesAmt |
| Management And General | $32,079 | ManagementAndGeneralAmt |
| Fundraising | $98,833 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,864 | TotalAmt |
| Program Services | $16,401 | ProgramServicesAmt |
| Fundraising | $463 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,719,464 | TotalAmt |
| Program Services | $2,412,087 | ProgramServicesAmt |
| Management And General | $196,137 | ManagementAndGeneralAmt |
| Fundraising | $111,240 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,911 | TotalAmt |
| Program Services | $31,907 | ProgramServicesAmt |
| Management And General | $5,677 | ManagementAndGeneralAmt |
| Fundraising | $3,327 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,955 | TotalAmt |
| Program Services | $12,166 | ProgramServicesAmt |
| Management And General | $6,265 | ManagementAndGeneralAmt |
| Fundraising | $524 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,319,389 | TotalAmt |
| Program Services | $2,916,372 | ProgramServicesAmt |
| Management And General | $257,315 | ManagementAndGeneralAmt |
| Fundraising | $145,702 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $266,451 | TotalAmt |
| Program Services | $266,451 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| UBIT TAX EXPENSE | $52,300 | $52,300 | ||
| PLANT OPERATIONS | $1,143,239 | $957,076 | $118,860 | $67,303 |
| CAFETERIA | $958,630 | $958,630 | ||
| STUDENT ACTIVITIES | $672,646 | $672,646 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $805,131 | TotalAmt |
| Program Services | $630,683 | ProgramServicesAmt |
| Management And General | $70,802 | ManagementAndGeneralAmt |
| Fundraising | $103,646 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,625,888 | TotalAmt |
| Program Services | $40,820,266 | ProgramServicesAmt |
| Management And General | $3,123,241 | ManagementAndGeneralAmt |
| Fundraising | $1,682,381 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,225 | BOYAmt |
| EOY | $3,000 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,795,200 | BOYAmt |
| EOY | $4,485,587 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,994,299 | BOYAmt |
| EOY | $10,292,886 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $935,415 | BOYAmt |
| EOY | $952,367 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $36,853 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,106 | BOYAmt |
| EOY | $105,158 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $520,074 | BOYAmt |
| EOY | $575,079 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $126,488,334 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $47,998,402 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,811,203 | BOYAmt |
| EOY | $78,489,932 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,895,571 | BOYAmt |
| EOY | $5,275,486 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,849,571 | BOYAmt |
| EOY | $37,657,508 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $505,224 | BOYAmt |
| EOY | $502,238 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,417,888 | BOYAmt |
| EOY | $138,376,094 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,651,870 | BOYAmt |
| EOY | $3,733,327 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,252,572 | BOYAmt |
| EOY | $8,554,661 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,301,109 | BOYAmt |
| EOY | $35,310,985 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $814,247 | BOYAmt |
| EOY | $781,310 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,551,088 | BOYAmt |
| EOY | $4,569,606 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,570,886 | BOYAmt |
| EOY | $52,949,889 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,351,503 | BOYAmt |
| EOY | $33,593,646 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,103,120 | BOYAmt |
| EOY | $23,377,902 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,392,379 | BOYAmt |
| EOY | $28,454,657 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,847,002 | BOYAmt |
| EOY | $85,426,205 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,417,888 | BOYAmt |
| EOY | $138,376,094 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $6,470,999 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,378,974 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$3,270,770 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $45,897,416 | BeginningYearBalanceAmt |
| Contributions | $167,573 | ContributionsAmt |
| Investment Earnings Or Losses | $3,314,576 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $7,296,495 | OtherExpendituresAmt |
| End Year Balance | $42,083,070 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $44,124,237 | BeginningYearBalanceAmt |
| Contributions | $90,680 | ContributionsAmt |
| Investment Earnings Or Losses | $3,712,156 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,029,657 | OtherExpendituresAmt |
| End Year Balance | $45,897,416 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $38,259,487 | BeginningYearBalanceAmt |
| Contributions | $1,179,262 | ContributionsAmt |
| Investment Earnings Or Losses | $5,460,639 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $775,151 | OtherExpendituresAmt |
| End Year Balance | $44,124,237 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $41,279,848 | BeginningYearBalanceAmt |
| Contributions | $482,370 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,785,263 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,717,468 | OtherExpendituresAmt |
| End Year Balance | $38,259,487 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $41,550,368 | BeginningYearBalanceAmt |
| Contributions | $1,470,797 | ContributionsAmt |
| Investment Earnings Or Losses | -$81,540 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,659,777 | OtherExpendituresAmt |
| End Year Balance | $41,279,848 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.05400 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.67600 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.27000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $365,000 | OtherCostOrOtherBasisAmt |
| Book Value | $365,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $117,414,706 | OtherCostOrOtherBasisAmt |
| Depreciation | $43,656,834 | DepreciationAmt |
| Book Value | $73,757,872 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,333,428 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,176,135 | DepreciationAmt |
| Book Value | $2,157,293 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,375,200 | OtherCostOrOtherBasisAmt |
| Depreciation | $165,433 | DepreciationAmt |
| Book Value | $2,209,767 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $78,489,932 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (8 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENT-CRUT | $353,397 | F |
| BENEFICIAL INTEREST IN PERPETUAL TRUST | $5,216,112 | F |
| SPLIT INTEREST AGREEMENTS | $438,785 | F |
| INVESTMENT - COMMONFUND | $30,905,097 | F |
| INVESTMENT - GPE II | $493,675 | F |
| INVESTMENT - CSP II | $73,499 | F |
| INVESTMENT - VENTURE PARTNERS XII | $119,201 | F |
| INVESTMENT - DEFERRED COMPENSATION | $57,742 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $37,657,508 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| SPECIAL AGENCY FUNDS | $199,986 |
| DISCOUNT FOR FUTURE INTEREST - LIFETIME ANUUITY | $54,354 |
| DEFERRED COMPENSATION | $57,742 |
| SWAP VALUATION | $4,257,524 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,569,606 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $37,468,578 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,378,974 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$16,170,319 | OtherRevenueAmt |
| Revenue Not Reported | -$14,791,345 | RevenueNotReportedAmt |
| Revenue Subtotal | $52,259,923 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$163,036 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$163,036 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $52,096,887 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $32,889,375 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $163,036 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $163,036 | ExpensesNotReportedAmt |
| Expenses Subtotal | $32,726,339 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $12,899,549 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $12,899,549 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $45,625,888 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE NET INCOME FROM ENDOWED FUNDS, SUBJECT TO THE SCHOOL'S AUTHORIZED SPENDING POLICY, WILL BE USED FOR FACULTY/STAFF SALARIES, FINANCIAL AID, FACULTY DEVELOPMENT, ATHLETICS, OTHER SCHOOL ACTIVITIES, AND GENERAL OPERATIONS OF THE SCHOOL BASED ON DONOR STIPULATIONS. |
| PART X, LINE 2: | THE SCHOOL ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2019 AND 2018. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID -12,805,774. NET LOSS ON INTEREST SWAP AGREEMENT -3,179,269. GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST -105,296. CHANGE IN VALUE OF SPLIT-INTEREST ARRANGEMENTS -1,156. AMORTIZATION OF DISCOUNT ON SPLIT-INTEREST ARRANGEMENTS 11,005. LOSS ON BENEFICIAL INTEREST IN CHARITABLE TRUST -16,715. INVESTMENT FEES -93,775. CHANGE IN CASH SURRENDER VALUE OF INSURANCE POLICY 20,661. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | BOOKSTORE EXPENSES -123,660. RENTAL EXPENSES -39,376. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 39,376. BOOKSTORE EXPENSES 123,660. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 12,805,774. INVESTMENT FEES 93,775. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | ADVERTISEMENT IN LOCAL PAPERS DESCRIBING NONDISCRIMINATORY POLICY, SHARED ADS WITH OTHER LOCAL INDEPENDENT SCHOOLS |
| SCHEDULE E, PART I, LINE 6 | SPRINGSIDE CHESTNUT HILL ACADEMY ANNUALLY RECEIVES A GRANT FROM THE STATE OF PENNSYLVANIA FOR THE PURCHASE OF TEXT BOOKS AND OTHER EDUCATION SUPPLIES. THE STATE DIRECTLY PURCHASES THESE ITEMS BASED ON AN APPLICATION SENT IN BY SPRINGSIDE CHESTNUT HILL ACADEMY. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICE | EDUCATIONAL TRIPS | $117,828 |
| EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, | 0 | 0 | PROGRAM SERVICE | EDUCATIONAL TRIPS | $92,101 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICE | EDUCATIONAL TRIPS | $73,064 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $282,993 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $282,993 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (3 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|---|
| FINANCIAL AID | EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU | 8 | $7,250 |
| FINANCIAL AID | EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, | 7 | $12,500 |
| FINANCIAL AID | SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, | 8 | $19,400 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | SCH FETE FOR OUR FUTURE | Event1Nm |
| Gross Receipts Event1 | $96,115 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $81,698 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $14,417 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $21,881 | FoodAndBeverageEvent1Amt |
| Event2 | CAMP FAIR | Event2Nm |
| Gross Receipts Event2 | $28,105 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $28,105 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $8,233 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $14,843 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $14,843 | GrossRevenueOtherEventsAmt |
| Oth Direct Expnss Other Events | $16,581 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $139,063 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $81,698 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $57,365 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $21,881 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $24,814 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $46,695 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $10,670 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS & FINANCIAL AID FOR VARIOUS STUDENTS | GrantTypeTxt |
| Recipient | 569 | RecipientCnt |
| Cash Grant | $12,766,624 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | SPRINGSIDE CHESTNUT HILL ACADEMY SUBSCRIBES TO THE NAIS PRINCIPLES OF GOOD PRACTICE IN FINANCIAL AID ADMINISTRATION AND HAS INCORPORATED THESE PRINCIPLES INTO ITS SCHOOL-WIDE FINANCIAL AID POLICY. THIS POLICY 1) SUPPORTS SCH ACADEMY'S COMMITMENT TO ACCESS AND DIVERSITY; 2) ENABLES SCH ACADEMY TO ENROLL THE BEST AND BRIGHTEST OF ITS APPLICANTS REGARDLESS OF NEED; 3) ENABLES SCH ACADEMY TO MAINTAIN AND INCREASE ENROLLMENT DURING A PERIOD OF ECONOMIC UNCERTAINTY AND INTENSE COMPETITION AMONG SCHOOLS. 1) A FINANCIAL AID BUDGET IS SET EACH YEAR BY THE TRUSTEES OF SCH ACADEMY USING INCOME FROM ENDOWED FUNDS AND OPERATING REVENUE. IN SETTING THE BUDGET, THE BOARD CONSIDERS THE LEVEL OF NEED ALREADY EXISTING IN THE SCHOOL BASED ON THE PREVIOUS YEAR'S ALLOCATIONS, AS WELL AS PROPOSED TUITION INCREASES. 2) SCH ACADEMY STRIVES THROUGH ITS PUBLICATIONS, WEBSITE, AND FACE-TO-FACE CONTACTS TO PUBLICIZE AND EXPLAIN ITS FINANCIAL AID PROGRAM AND TO DISCLOSE ALL INFORMATION PERTAINING TO THE COST OF AN SCH ACADEMY EDUCATION. 3) ALLOCATION OF FINANCIAL AID FUNDS IS CARRIED OUT BY A COMMITTEE OF ADMISSION OFFICERS AND THE CHIEF FINANCIAL OFFICER; FILES ARE MAINTAINED BY THE ADMISSIONS ASSISTANT OR ADMISSIONS OFFICE MANAGER. 4) SCH ACADEMY DOES NOT DISCRIMINATE IN ITS FINANCIAL AID ALLOCATIONS ON THE BASIS OF RACE, COLOR, RELIGION OR NATIONAL ORIGIN; SCH ACADEMY DOES NOT USE FINANCIAL NEED AS A CONSIDERATION IN DETERMINING A STUDENT'S ELIGIBILITY FOR ADMISSION; SCH ACADEMY USES A UNIFORM METHODOLOGY TO ASSESS ANNUALLY, IN A CONSISTENT AND EQUITABLE MANNER, EACH FAMILY'S ABILITY TO PAY FOR EDUCATION. A) SCH ACADEMY RECOGNIZES THAT PRIMARY RESPONSIBILITY FOR FINANCING A STUDENT'S EDUCATION RESTS WITH THE FAMILY, AND THAT THE FAMILY WILL HAVE SOUGHT FUNDS FROM ALL SOURCES INCLUDING EMPLOYMENT, RELATIVES, ASSETS, OUTSIDE SCHOLARSHIPS, AND THE ELLIS FOUNDATION (FOR ELIGIBLE GIRLS) IN ADDITION TO SEEKING AID FROM SCH ACADEMY. B) ASSESSMENT OF NEED IS DETERMINED BY THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS.NAIS.ORG) FOLLOWING THE FAMILY'S ONLINE SUBMISSION OF A COMPLETED PARENTS' FINANCIAL STATEMENT, SUPPLEMENTED BY AN UPLOADED COPY OF THE MOST RECENT IRS 1040 FORM AND A RECENT PAYSTUB TO VERIFY EARNINGS. ASSESSMENT OF NEED MAY REQUIRE FURTHER VERIFICATION. NO FINANCIAL AID AWARD WILL EXCEED A FAMILY'S DEMONSTRATED NEED. C) IN AWARDING AID, THE COMMITTEE TAKES INTO ACCOUNT THE NUMBER, AGES AND SCHOOLS OF CHILDREN, ADDITIONAL DEPENDENTS, ALL SOURCES OF INCOME INCLUDING THE STUDENT'S OWN INCOME, DEBTS AND UNUSUAL EXPENSES, SPENDING PRIORITIES, AND WHETHER A SECOND WORKING PARENT IS CONTRIBUTING TO FAMILY INCOME WHERE POSSIBLE. D) IN CASES OF DIVORCE OR SEPARATION, SCH ACADEMY REQUIRES A COMPLETED ONLINE PARENTS' FINANCIAL STATEMENT FROM THE NON-CUSTODIAL PARENT, WHETHER OR NOT THE NON-CUSTODIAL PARENT SHARES IN THE COST OF EDUCATION. IF THE STUDENT RESIDES WITH A STEP-PARENT, SCH ACADEMY REQUIRES AN ONLINE PFS FROM THE STEP-PARENT. 5) SCH ACADEMY STRIVES TO MAKE AWARDS AS CLOSE TO DEMONSTRATED NEED (BASED ON THE PFS) AS POSSIBLE, BUT ALSO EXPECTS THAT EACH FAMILY WILL CONTRIBUTE AN APPROPRIATE PORTION OF TUITION AND FEES. A) EXCEPTIONS TO THIS ARE THE SPECIALLY ENDOWED SCHOLARSHIPS, WHOSE AID MAY CONSIST OF FULL TUITION, AS LONG AS THERE IS DEMONSTRATED FULL NEED. 6) AWARDS ARE MADE ON A ONE-YEAR BASIS AND REQUIRE RE-APPLICATION EVERY YEAR. FAMILIES ALREADY IN THE SCHOOL HAVE PRIORITY OVER NEW FAMILIES, AS LONG AS THEY MEET THE APPLICATION DEADLINE. SCH ACADEMY IS COMMITTED TO SUPPORTING A STUDENT THROUGH GRADUATION AT THE SAME LEVEL OF FUNDING UNLESS THERE IS A CHANGE IN FINANCIAL CIRCUMSTANCES. A) AN AWARD IS CONTINGENT UPON THE FAMILY'S MEETING ITS FINANCIAL OBLIGATION TO SCH ACADEMY FOR THE CURRENT YEAR. B) SCH ACADEMY DOES NOT SET DIFFERENT STANDARDS OF BEHAVIOR OR ACADEMIC PERFORMANCE FOR FINANCIAL AID RECIPIENTS; HIGH ACADEMIC STANDARDS AND EXEMPLARY CITIZENSHIP ARE EXPECTED OF ALL STUDENTS. HOWEVER, STUDENTS ON ACADEMIC OR DISCIPLINARY PROBATION MAY LOSE THEIR ELIGIBILITY FOR FINANCIAL AID, AT THE DISCRETION OF THE HEAD OF SCHOOL OR PRESIDENT OF THE SCHOOL. 7) SCH ACADEMY HAS A FORMAL REVIEW PROCEDURE FOR FAMILIES WHO WISH TO REQUEST ADDITIONAL FUNDING, WHICH REQUIRES A WRITTEN APPEAL AND A SECOND MEETING OF THE FINANCIAL AID COMMITTEE. 8) SCH ACADEMY SAFEGUARDS THE CONFIDENTIALITY OF ALL FINANCIAL INFORMATION SUPPLIED BY A FAMILY, AND SHALL REFRAIN FROM AND DISCOURAGE OTHERS FROM MAKING ANY PUBLIC ANNOUNCEMENT OF THE AMOUNT OF FINANCIAL AID AWARDED TO A STUDENT. 9)SCH ACADEMY RESERVES THE RIGHT TO AMEND OR ALTER ANY FINANCIAL AID AWARD AT ANY TIME, AT THE SCHOOL'S SOLE DISCRETION, IF THE RECIPIENT HAS A MATERIAL CHANGE IN FINANCIAL CIRCUMSTANCES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FRANK V ALOISE JR | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $253,360 | $0 | $0 | $0 | $0 | $0 | $18,728 | $0 | $24,401 | $0 | $296,489 | $0 | $0 | $0 |
| STEVE DRUGGAN | ||||||||||||||
| HEAD OF SCHOOL | $340,710 | $0 | $30,000 | $0 | $0 | $0 | $39,125 | $0 | $71,101 | $0 | $480,936 | $0 | $0 | $0 |
| PETER DIDONATO | ||||||||||||||
| CHIEF INNOVATION OFFICER | $156,230 | $0 | $0 | $0 | $0 | $0 | $12,514 | $0 | $22,663 | $0 | $191,407 | $0 | $0 | $0 |
| JENNIFER MCHUGH | ||||||||||||||
| DIRECTOR OF ADVANCEMENT | $135,600 | $0 | $0 | $0 | $0 | $0 | $9,367 | $0 | $18,442 | $0 | $163,409 | $0 | $0 | $0 |
| DOUGLASS WAINWRIGHT | ||||||||||||||
| HEAD OF LOWER SCHOOL GIRLS | $125,242 | $0 | $0 | $0 | $0 | $0 | $9,369 | $0 | $15,541 | $0 | $150,152 | $0 | $0 | $0 |
| DAVE WILSON | ||||||||||||||
| HEAD OF ATHLETICS | $137,747 | $0 | $0 | $0 | $0 | $0 | $10,445 | $0 | $23,608 | $0 | $171,800 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE HEAD OF SCHOOL STEVE DRUGGAN RECEIVES ON-CAMPUS HOUSING. THIS BENEFIT IS MANDATORY PER THE EMPLOYMENT CONTRACT AND IS CONSIDERED NECESSARY DUE TO THE AMOUNT OF BUSINESS-RELATED ENTERTAINING AND DEVELOPMENT PERFORMED. THE VALUE OF THE HOUSING ALLOWANCE WAS $48,000. THESE BENEFITS ARE NOT INCLUDED AS TAXABLE COMPENSATION. ADDITIONALLY, THE SCHOOL PAYS $140 PER WEEK FOR HOUSE CLEANING SERVICES. |
| PART I, LINE 7 | THE BOARD OF DIRECTORS DECIDES TO AWARD A BONUS TO THE HEAD OF SCHOOL BASED UPON A NUMBER OF CRITERIA AND GOALS SET IN ADVANCE. THE HEAD OF SCHOOL DECIDES ON BONUS AWARDS FOR OTHER SENIOR EMPLOYEES. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 232237287 | BondIssuerEIN |
| Bond Issued | 2018-05-02 | BondIssuedDt |
| Issue Price | $35,778,470 | IssuePriceAmt |
| Purpose | REFUND OF PRIOR ISSUES AND FUNDING NEW CONSTRUCTION | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $35,778,470 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $479,945 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $10,000,000 | CapitalExpendituresAmt |
| Other Spent Proceeds | $24,818,580 | OtherSpentProceedsAmt |
| Substantial Completion | 2019 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (1) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (1) | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (1) | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRYN MAWR TRUST | BusinessNameLine1Txt |
| Business Name Line2 | CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 18.830000000000 | TermOfHedgePct |
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $148,857 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | PURCHASE PRICE | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 9 | ContributionCnt |
| Noncash Contributions Rpt F990 | $5,636,420 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | NYSE VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER IN COLUMN B FOR LINE 9 REPRESENTS THE NUMBER OF DONORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS INITIALLY REVIEWED BY THE CHIEF FINANCIAL OFFICER, THE PRESIDENT, AND THE CHAIR OF THE GOVERNANCE COMMITTEE. AN ELECTRONIC VERSION IS THEN PROVIDED TO THE VOTING MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ON A YEARLY BASIS. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPRESSLY MENTIONED IN THE STATEMENT. THE STATEMENTS ARE COLLECTED, REVIEWED AND RETAINED BY THE CHIEF FINANCIAL OFFICER. ANY POTENTIAL OR ACTUAL CONFLICTS WILL BE REVIEWED BY THE BOARD. INTERESTED PARTIES TO THE CONFLICT ABSTAIN FROM ANY DISCUSSIONS OR DECISIONS INVOLVING THE CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSEEING THE IMPLEMENTATION AND EXECUTION OF ALL HUMAN RESOURCES POLICIES, INCLUDING COMPENSATION. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE COMPENSATION FOR OFFICERS USING COMPARABLE COMPENSATION DATA TO ENSURE ALL OFFICERS' COMPENSATION IS WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. THE COMPENSATION COMMITTEE THEN MAKES RECOMMENDATIONS TO THE GOVERNANCE COMMITTEE WITH RESPECT TO OFFICERS' COMPENSATION. DURING THE CURRENT YEAR, THE COMPENSATION AND GOVERNANCE COMMITTEES REVIEWED THE COMPENSATION FOR OFFICERS AND, AS PART OF THE PROCESS, REVIEWED COMPARABLE COMPENSATION DATA FOR SCHOOLS IN SCH PEER GROUP (INCLUDING LOCAL SCHOOLS AND SCHOOLS IN THE MID-ATLANTIC REGION). THE GOVERNANCE COMMITTEE MADE DETERMINATIONS BASED ON THIS REVIEW. IN ADDITION, THE PRESIDENT USES LOCAL, REGIONAL AND NATIONAL ORGANIZATION COMPARATIVES TO DETERMINE KEY EMPLOYEES' SALARIES. THESE ORGANIZATIONS INCLUDE, BUT ARE NOT LIMITED TO, PAISBOA, NAIS AND NBOA. ALL DISCUSSIONS ARE DOCUMENTED IN COMMITTEE MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | NET LOSS ON INTEREST SWAP AGREEMENT -3,179,269. GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST -105,296. CHANGE IN VALUE OF SPLIT-INTEREST ARRANGEMENTS -1,156. AMORTIZATION OF DISCOUNT ON SPLIT-INTEREST ARRANGEMENTS 11,005. LOSS ON BENEFICIAL INTEREST IN CHARITABLE TRUST -16,715. CHANGE IN CASH SURRENDER VALUE OF INSURANCE POLICY 20,661. |