2020-05-14T10:32:01-05:00 2019-06-30 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2018-07-01 752205213 The Episcopal School of Dallas Permanent Endowment Trust % TYRONE THORNTON EPIS 2143584368 4100 Merrell Road Dallas TX 75229 ROBERT A BUCHHOLZ CFO ESD 2143584368 2020-05-14 true Michelle L Weber P00556798 4142898200 66.26.193.188 39529020201355000000 2020-05-14 P B7201E889B5261D4FDB5D523CB7956157A58434D C21200C65C401C04501BAC8AE55A7BBE4A589802 2018 2020-09-23 17:36:50Z F Barron Fletcher III 4100 Merrell Road Dallas TX 75229 9313949 false X N/A X 1974 TX THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST OPERATES EXCLUSIVELY AS AN ENDOWMENT FUND FOR THE BENEFIT OF AND TO SUPPORT THE EPISCOPAL SCHOOL OF DALLAS, INC. 9 9 0 9 9187 4669 4171476 1089406 0 0 434267 387960 4158 45189 4609901 1522555 736751 862826 0 0 0 0 0 0 470 330863 232016 1067614 1094842 3542287 427713 25385259 26477772 0 0 25385259 26477772 THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST WAS FORMED TO OPERATE EXCLUSIVELY AS AN ENDOWMENT FUND FOR THE BENEFIT OF AND TO SUPPORT THE EPISCOPAL SCHOOL OF DALLAS, INC. false false 862826 862826 THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST OPERATES EXCLUSIVELY AS AN ENDOWMENT FUND FOR THE BENEFIT OF AND TO SUPPORT THE EPISCOPAL SCHOOL OF DALLAS, INC. 862826 true true false false false false false false false true false true false false false true true true false false true false false false true false false true false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false true true false false false false false false X 9 9 false false false false true true false true true false false true true true true true true false false false X TYRONE THORNTON 2143584368 4100 MERRELL ROAD Dallas TX 75229 F Barron Fletcher III Chair 1.0 1.0 X X 0 0 0 R Kent McGaughy Chair 1.0 1.0 X X 0 0 0 W Plack Carr Jr Trustee 1.0 1.0 X 0 0 0 Brian Casey Trustee 1.0 0.0 X 0 0 0 Cullum Clark Trustee 1.0 0.0 X 0 0 0 Bill Felder Trustee 1.0 0.0 X 0 0 0 Lee Hobson Trustee 1.0 0.0 X 0 0 0 Andrew Sinwell Trustee 1.0 0.0 X 0 0 0 Reid Walker Trustee 1.0 0.0 X 0 0 0 Dave Baad AS OF-072018 Head of School 1.0 39.0 X 0 223238 15410 Robert A Buchholz Chief Financial Officer, ESD 1.0 39.0 X 0 252549 41453 Meredyth L ColeTERM-062018 Former Head of School 0.0 0.0 X 0 248445 24319 Stephen B SwannTERM-082012 Former Rector and Headmaster 0.0 10.0 X 0 304458 0 0 1028690 81182 0 true true false Cambridge Associates 125 HIGH STREET BOSTON MA 02110 Investment 130106 1 32757 1056649 1089406 0 308185 8949 299236 0 0 0 0 0 7831831 7752056 79775 79775 238 79537 65066 32757 39338 25728 25728 0 0 0 0 0 0 BAD DEBT REVERSAL 19461 19461 19461 1522555 9187 423962 862826 862826 0 0 0 0 0 0 0 0 0 0 0 3286 3286 0 0 178260 178260 0 0 0 0 0 0 0 0 0 0 0 0 0 ADMIN FEE TO ESD 50000 0 50000 0 OTHER EXPENSES 470 0 0 470 1094842 862826 231546 470 943974 448614 0 0 4926221 3678526 0 0 0 0 0 0 0 0 0 0 65000 0 0 0 0 0 19439513 22275875 0 0 0 0 10551 74757 25385259 26477772 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5783152 5786259 0 0 19602107 20691513 25385259 26477772 25385259 26477772 X 427713 651974 12826 X false true X true false X X 1 THE EPISCOPAL SCHOOL OF DALLAS INC 751451116 2 true 862826 0 1 862826 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25385259 1154472 811674 873633 26477772 20880723 4147714 1440246 1083424 25385259 18158893 1394118 2264551 936839 20880723 17609047 1915770 -366022 999902 18158893 23414316 2251379 -5362 8051286 17609047 0.21850 0.78150 false false MUTUAL & EXCHANGE-TRADED FUNDS 16853696 F POOLED FUNDS 2224936 F LIMITED PARTNERSHIP INTERESTS 3197243 F 22275875 0 0 X 1966146 651974 39338 691312 1274834 178260 69461 247721 1522555 873633 39338 39338 834295 178260 82287 260547 1094842 INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE ENDOWMENT FUND OPERATES EXCLUSIVELY AS AN ENDOWMENT FOR THE BENEFIT OF AND TO SUPPORT THE EPISCOPAL SCHOOL OF DALLAS, INC. LIABILITY FOR UNCERTAIN TAX POSITION (ASC 740) SCHEDULE D, PART X, LINE 2 THE TRUST IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") ACCORDING TO AN INTERNAL REVENUE SERVICE (THE "IRS") DETERMINATION LETTE DATED MAY 10, 1998. THE FINANCIAL ACCOUNTING STANDARDS BOARD (THE "FASB" PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BY THE TRUST IN ORDER TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED "WHEN CHALLENGED"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 BENEFITOR EXPENSE AND LIABILITY IN THE CURRENT YEAR. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN INCOME TAX POSITIONS. THE TRUST DOES NOT HAVE ANY OUTSTANDING INTEREST OR PENALTIES, AND NONE HAVE BEEN RECORDED IN THE STATEMENTS OF ACTIVITIES FOR THE YEARS ENDED JUNE 30, 2019 AND 2018. RECONCILIATION OF REVENUE SCHEDULE D, PART XII, LINE 2D FUNDRAISING EXPENSE RECLASSED $ 39,338 SCHEDULE D, PART XI, LINE 4B BAD DEBT REVERSAL $ 19,461 ADMIN FEE TO ESD, NETTED FOR AUDIT $ 50,000 --------- TOTAL $ 69,461 RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 2D FUNDRAISING EXPENSE RECLASSED $ 39,338 SCHEDULE D, PART XII, LINE 4B BAD DEBT REVERSAL $ 19,461 ADMIN FEE TO ESD, NETTED FOR AUDIT $ 50,000 GOLF OUTING PROCEEDS DONATED TO RELATED ENTITY $ 12,826 --------- TOTAL $ 82,287 Central America and the Caribbean 0 0 Investments 3081457 0 0 0 0 3081457 3081457 true false false false false false Golf Tournament 97823 32757 65066 5651 29459 2167 2061 0 97823 32757 65066 5651 29459 2167 2061 39338 25728 GOLF TOURNAMENT SCHEDULE G, PART II THE GOLF TOURNAMENT IS FOR THE BENEFIT OF THE EPISCOPAL SCHOOL OF DALLAS, INC. BOOSTER CLUB AND THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST. THE REVENUE AND EXPENSES WERE RECORDED BY THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST. THE NET PROFITS WERE SUBSEQUENTLY SPLIT 50% BOOSTER CLUB AND 50% THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST. true The Episcopal School of Dallas Inc 4100 Merrell Road Dallas TX 75229 751451116 501(C)(3) 862826 ESD Program Support 1 PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS INSIDE U.S. SCHEDULE I, PART I, LINE 2 THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST (THE TRUST) WAS FORMED TO OPERATE EXCLUSIVELY AS AN ENDOWMENT FUND FOR THE BENEFIT OF AND TO SUPPORT THE EPISCOPAL SCHOOL OF DALLAS, INC. THE EPISCOPAL SCHOOL OF DALLAS, INC. WAS THE ONLY RECIPIENT OF ASSISTANCE FROM THE TRUST. false true false Dave Baad AS OF-072018 Head of School 0 192262 0 0 0 30976 0 0 0 15410 0 238648 0 0 Robert A Buchholz Chief Financial Officer, ESD 0 251517 0 0 0 1032 0 13298 0 28155 0 294002 0 0 Meredyth L ColeTERM-062018 Former Head of School 0 168369 0 50000 0 30076 0 11221 0 13098 0 272764 0 0 Stephen B SwannTERM-082012 Former Rector and Headmaster 0 125458 0 0 0 179000 0 0 0 0 0 304458 0 150000 RELATED ORGANIZATION COMPENSATION REVIEW SCHEDULE J, PART I, LINE 3 THE ORGANIZATION'S TOP EXECUTIVE OFFICER IS COMPENSATED BY THE EPISCOPAL SCHOOL OF DALLAS, INC. (ESD). ANNUALLY, THE COMPENSATION COMMITTEE FOR ESD ENGAGES AN EXPERT CONSULTANT TO DETERMINE WHETHER THE HEAD OF SCHOOL'S COMPENSATION IS REASONABLE AND NOT EXCESSIVE. THE COMPENSATION COMMITTEE THEN ANALYZES THE REPORT TO DETERMINE WHETHER THE METHODOLIGIES USED AND ANALYSIS CONTAINED IN THE REPORT ARE REASONABLEAND PRESENTS ITS FINDINGS TO THE FULL BOARD. THE BOARD MAKES THE FINAL DETERMINATION REGARDING THE HEAD OF SCHOOL'S COMPENSATION. NONQUALIFIED RETIREMENT PLAN SCHEDULE J, PART I, LINE 4B THE HEAD OF SCHOOL PARTICIPATES IN A 457(F) PLAN. THE FORMER HEAD OF SCHOOL RECEIVED DEFERRED COMPENSATION PAYMENTS TOTALING $175,000 OF DEFERRED INCOME AND EARNINGS IN CALENDAR 2018. MEMBERS OR STOCKHOLDERS FORM 990, PART VI, SECTION A, LINES 6 AND 7A THE ORGANIZATION'S MEMBERS CONSIST OF THE MEMBERS OF THE BOARD OF TRUSTEES PURSUANT TO THE ORGANIZATION'S TRUST AGREEMENT, THE BOARD OF DIRECTORS OF THE EPISCOPAL SCHOOL OF DALLAS, INC. HAS THE RIGHT TO APPOINT AND REMOVE FIVE OF THE NINE TRUSTEES OF THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST AND TO NAME THE CHAIRPERSON. THE TRUSTEES OF THE TRUST HAVE THE RIGHT TO APPOINT THE REMAINING FOUR TRUSTEES. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD VIA A SECURE WEB PORTAL PRIOR TO FILING WITH THE IRS. THE BOARD CHAIR OF THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST, IN CONJUNCTION WITH THE CFO, THE CONTROLLER, AND THE DIRECTOR OF FINANCE OF THE EPISCOPAL SCHOOL OF DALLAS, INC., REVIEW THE FORM 990 PRIOR TO FILING WITH THE IRS. CONFLICT OF INTEREST MONITORING & ENFORCEMENT FORM 990, PART VI, SECTION B, LINE 12C AT THE TIME OF APPOINTMENT, AND ANNUALLY THEREAFTER, ALL BOARD MEMBERS OF THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST (THE TRUST) 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 THE TRUST'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 TRUST. 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 TRUST HAS ADOPTED A WHISTLEBLOWER POLICY FOR THE PROTECTION OF INDIVIDUALS WHO REPORT APPARENT VIOLATIONS. HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Reconciliation of Net Assets Form 990, Part XI, line 9 Contribution from related entity $12,826 The Episcopal School of Dallas Inc 4100 Merrell Road Dallas TX 75229 751451116 College Prep TX 501(c)(3) 02 NA false WBL Family Investments Inc 4100 Merrell Road Dallas TX 75229 311761373 REAL ESTATE TX 501(c)(25) N/A ESD false false true false true false false false false false false false true true true true true false false false