2019-11-11T09:53:00-06:00 2019-06-30 131639826 EISNERAMPER LLP 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2018-07-01 237091186 THE PHILADELPHIA SCHOOL PHIL 2155455323 2501 LOMBARD STREET PHILADELPHIA PA 19146 DEREK E JOKELSON PRESIDENT-BOARD OF TRUSTEES 2155455323 2019-11-04 1 HELEN M MARTIN P01330899 2158818800 64.238.150.4 2019-11-04 10:40:24 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0EDE4F5BE59FB99924CAAEE7408372872BC47088 2018 2020-03-31 21:24:44Z DEREK E JOKELSON 2501 LOMBARD STREET PHILADELPHIA PA 19146 15421136 0 X WWW.TPSCHOOL.ORG X 1970 PA THE PHILADELPHIA SCHOOL EDUCATES CHILDREN FOR A FUTURE THAT IS IMPOSSIBLE TO KNOW BUT NOT IMPOSSIBLE TO SHAPE. LEARN HERE. GO ANYWHERE. 24 23 210 200 0 0 855648 667232 12649552 12954200 327949 240134 19426 9830 13852575 13871396 2055903 2233926 0 0 7581319 8389429 0 0 356553 3501397 3870107 13138619 14493462 713956 -622066 25294135 24173133 4886186 4255944 20407949 19917189 X THE PHILADELPHIA SCHOOL EDUCATES CHILDREN FOR A FUTURE THAT IS IMPOSSIBLE TO KNOW BUT NOT IMPOSSIBLE TO SHAPE. LEARN HERE. GO ANYWHERE. 0 0 10139377 2040993 11900214 EDUCATION FOR STUDENTS FROM PS TO 8TH GRADE 44 PRESCHOOL, 51 KINDERGARTEN, 103 PRIMARY UNIT (GRADES 1-2), 142 JUNIOR UNIT (GRADES 3-5), 138 MIDDLE SCHOOL (GRADES 6-8).THE PHILADELPHIA SCHOOL'S PROGRESSIVE APPROACH TO LEARNING AND TEACHING HAS DEEP THINKING, INNOVATION, AND AGENCY AS ITS GUIDING VALUES. WE ENCOURAGE CHILDREN TO EXPLORE AND PUSH THE BOUNDARIES OF POSSIBILITY TO FULFILL THEIR INTELLECTUAL, SOCIAL, AND CIVIC POTENTIAL. WE APPROACH LEARNING THROUGH INQUIRY, PROJECTS, AND COMMUNITY. CORE VALUES AND NEW RESEARCH INFORM THE SCHOOL'S PROGRAM AND PEDAGOGICAL PRACTICES. OUR INTERDISCIPLINARY, THEME-BASED APPROACH PREPARES STUDENTS TO BUILD A STRONGER AND MORE INCLUSIVE SCHOOL, COMMUNITY, AND SOCIETY FOR TODAY AND TOMORROW. AS AN URBAN PRESCHOOL-8TH GRADE SCHOOL, WE ADDRESS SPECIFICALLY HOW YOUNG STUDENTS DEVELOP INTELLECTUALLY, CREATIVELY, EMOTIONALLY, SOCIALLY, AND PHYSICALLY. THROUGH OUR COMMITMENT TO DIVERSITY, WE SEEK TO NURTURE EACH STUDENT'S MORAL COMPASS, SENSE OF PERSONAL INTEGRITY, AND RESPECT FOR INDIVIDUALITY. LEARNING IN THE CITY, COUNTRY, AND CLASSROOM AFFIRMS OUR FOUNDERS' GOAL OF EDUCATING CHILDREN TO BECOME RESPONSIBLE AND ACTIVE STEWARDS OF THE URBAN AND NATURAL ENVIRONMENTS. 1413329 192933 1053986 AUXILIARY PROGRAMMING FOR STUDENTS INCLUDING MUSIC, CHESS, SPORTS, CLUBS, AND SUMMER CAMP. 11552706 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 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 45 0 1 210 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 23 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X CAROL LERNER DIRECTOR OF FINANCE & OPERATIONS 2155455323 2501 LOMBARD STREET PHILADELPHIA PA 19146 DEREK E JOKELSON PRESIDENT 5.00 X X 0 0 0 KEN YOUNG SECRETARY 5.00 X X 0 0 0 ZACHARY KLEHR TREASURER 5.00 X X 0 0 0 JANE AHN BOARD TRUSTEE 5.00 X 0 0 0 ANITA ANDREWS BOARD TRUSTEE 5.00 X 0 0 0 MICHAEL BERMAN BOARD TRUSTEE 5.00 X 0 0 0 JENNY BOGONI BOARD TRUSTEE 5.00 X 0 0 0 MATT CANNO BOARD TRUSTEE 5.00 X 0 0 0 CHRISTINE CHISHOLM BOARD TRUSTEE 5.00 X 0 0 0 JACOB COOPER BOARD TRUSTEE 5.00 X 0 0 0 MAIA CUCCHIARA BOARD TRUSTEE 5.00 X 0 0 0 HENRY FAIRFAX BOARD TRUSTEE 5.00 X 0 0 0 CHIP FINNEY BOARD TRUSTEE 5.00 X 0 0 0 HOLLY FLANAGAN BOARD TRUSTEE 5.00 X 0 0 0 LATASHA HARLING BOARD TRUSTEE 5.00 X 0 0 0 JANE LAWSON-BELL BOARD TRUSTEE 5.00 X 0 0 0 MARC MANNELLA BOARD TRUSTEE 5.00 X 0 0 0 KATE RICCARDI BOARD TRUSTEE 5.00 X 0 0 0 NINA RIVERA BOARD TRUSTEE 5.00 X 0 0 0 ERICA SALVI BOARD TRUSTEE 5.00 X 0 0 0 JJ SHIRLY BOARD TRUSTEE (TPSA PRESIDENT) 5.00 X 0 0 0 JAMES WADDINGTON BOARD TRUSTEE 5.00 X 0 0 0 MOLLIE WEINSTEIN-GOULD BOARD TRUSTEE (ALUMNI REP) 5.00 X 0 0 0 MITCHELL YOUNG BOARD TRUSTEE 5.00 X 0 0 0 LISA SUN HEAD OF SCHOOL 40.00 X 142753 0 20210 CAROL LERNER DIRECTOR OF FINANCE & OPERATIONS 40.00 X 152367 0 17113 CARLYE NELSON-MAJOR ASSOCIATE HEAD OF SCHOOL 40.00 X 186500 0 21688 FRANCES HOOVER DIRECTOR OF INSTITUTIONAL ADVANCEMENT 40.00 X 125775 0 21247 ERIN GORDON DIVISION DIRECTOR 40.00 X 115500 0 22478 YVES KABORE DIVISION DIRECTOR 40.00 X 115500 0 30475 JEFFERY MORDAN DIRECTOR OF TECHNOLOGY 40.00 X 100255 0 14012 938650 0 147223 7 0 1 0 DELRAN BUILDERS COMPANY INC 7909 FLOURTOWN AVENUE WYNDMOOR PA 19038 RENOVATIONS 1602526 ARAMARK SERVICES INC 27310 NETWORK PLACE CHICAGO PA 60673 CLEANING SERVICES 250188 INTERSTATE MAINTENANCE CORP 508 PRUDENTIAL ROAD 100 HORSHAM PA 19044 CLEANING SERVICES 124881 EDU-TECH ACADEMIC SOLUTIONS 5 GREAT VALLEY PARKWAY MALVERN PA 19355 TECHNOLOGICAL SUPPORT 118207 CHILL EXPEDITIONS 501 MARY WATERS FORD RD BALA CYNWYD PA 19004 EDUCATIONAL VACATION AND EXPERIMENTAL TR 111755 6 137330 529902 7500 667232 TUITION 611710 11883740 11883740 EXTENDED CARE AND STUDENT ACTIVIT 611710 1053986 1053986 FEES AND FORFEITURES 611710 16474 16474 12954200 191390 191390 18300 0 18300 18300 18300 1553734 14980 1519970 0 33764 14980 48744 48744 21300 137330 29770 -8470 -8470 13871396 12954200 0 249964 2233926 2233926 540633 123718 293197 123718 6256775 4821493 1339635 95647 280414 217458 56133 6823 775088 625293 135411 14384 536519 397510 122166 16843 76045 73764 1521 760 25400 24638 508 254 35234 34177 705 352 4594 4594 83783 71740 12043 250608 243090 5012 2506 576623 559325 11532 5766 104699 104699 844402 819070 16888 8444 106094 102911 2122 1061 OTHER BUILDING OPERATIO 741722 504849 205075 31798 BOOKS AND SUPPLIES 348836 348836 STAFF DEVELOPMENT 179836 133585 46251 STUDENT ENRICHMENT 166758 166758 325473 122305 167014 36154 14493462 11552706 2584203 356553 400 400 3391657 881943 38390 27998 11529 34163 188670 259348 26462677 9203030 16496198 17259647 3390388 4081495 1776903 1628139 25294135 24173133 1497362 1136748 781705 484104 2507917 2508214 99202 126878 4886186 4255944 X 18549588 18396100 548708 180009 1309653 1341080 20407949 19917189 25294135 24173133 -622066 145033 -13727 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1273467 13650 119191 65228 1341080 1279430 -5963 1273467 1320035 -107 40498 1279430 1381072 2000 90480 153517 1320035 1385236 25232 29396 1381072 0.99000 0.01000 0 0 4709094 4709094 19854567 7630092 12224475 1729728 1465382 264346 169288 107556 61732 17259647 VANGUARD TOTAL STOCK MARKET INDEX ADM 1628139 F 1628139 CAPITAL LEASE PAYABLE 126878 126878 X 11871490 145033 72944 29770 247747 11623743 13727 2233926 2247653 13871396 12362250 72944 29770 102714 12259536 2233926 2233926 14493462 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSIST OF A NUMBER OF GIFTS FROM A VARIETY OF PURPOSES. THESE PURPOSES INCLUDE FUNDING SCHOLARSHIPS AND FACULTY ADVANCEMENT AS WELL AS A GENERAL ENDOWMENT TO SUPPORT THE SCHOOL'S OPERATIONS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE ("IRS") HAS CLASSIFIED THE SCHOOL AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF THE SCHOOL HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2019 AND 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF ADMINISTRATIVE EXPENSES. THERE WERE NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR THE YEARS ENDED JUNE 30, 2019 AND 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 29,770. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,040,993. FINANCIAL AID FOR AUXILIARY PROGRAMS 192,933. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 29,770. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,040,993. FINANCIAL AID FOR AUXILIARY PROGRAMS 192,933. 1 1 1 1 1 1 1 0 0 0 1 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS CONTAINED IN ALL ADMISSIONS AND OTHER BROCHURES DISSEMINATED TO THE PUBLIC, AND IS ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 5 FINANCIAL ASSISTANCE FAVORING MEMBERS OF ONE OR MORE RACIAL MINORITY GROUP IS GIVEN BY THE PHILADELPHIA SCHOOL AND IS DESIGNED TO PROMOTE CROSS-RACIAL UNDERSTANDING AND PREPARATION OF A STUDENT BODY FOR AN INCREASINGLY DIVERSE WORKFORCE AND SOCIETY. FINANCIAL ASSISTANCE PROGRAMS FAVORING MEMBERS OF ONE OR MORE RACIAL GROUPS DOES NOT SIGNIFICANTLY DEROGATE FROM THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 THE PHILADELPHIA SCHOOL ANNUALLY RECEIVES SOME MONEY FROM THE COMMONWEALTH OF PENNSYLVANIA, DEPARTMENT OF EDUCATION, WHICH IT USES FOR CLASSROOM SUPPLIES AND FACULTY PROFESSIONAL DEVELOPMENT. EATS 158630 137330 21300 7344 8759 4250 9417 1 158630 137330 21300 7344 8759 4250 9417 29770 -8470 1 NEED-BASED SCHOLARSHIPS FOR STUDENT'S TUITION 132 1733261 FMV NEED-BASED SCHOLARSHIPS FOR STUDENT'S AUXILIARY PROGRAMS 86 94631 FMV TUITION REMISSION 29 307732 FMV AUXILIARY PROGRAMS REMISSION 31 98302 FMV PART I, LINE 2: THE SCHOOL GRANTS NEED-BASED FINANCIAL AID TO FAMILIES WHO QUALIFY BASED ON TAX AND OTHER INFORMATION SUPPLIED DURING THE FINANCIAL AID APPLICATION PROCESS. ALL FINANCIAL AID AWARDS ARE DOCUMENTED AND RETAINED BY THE SCHOOL. X X X X X 0 0 0 0 0 0 0 0 0 LISA SUN HEAD OF SCHOOL 129500 0 0 0 13253 0 7138 0 13072 0 162963 0 0 0 CAROL LERNER DIRECTOR OF FINANCE & OPERATIONS 152367 0 0 0 0 0 7618 0 9495 0 169480 0 0 0 CARLYE NELSON-MAJOR ASSOCIATE HEAD OF SCHOOL 186500 0 0 0 0 0 9325 0 12363 0 208188 0 0 0 22500 FINANCIAL AID FOR TUITION FORM 990, PART VI, SECTION A, LINE 7A ACTIVE MEMBERS (PARENTS) OF THE ORGANIZATION HAVE THE POWER TO ELECT THE ORGANIZATION'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS, INCLUDING APPROVAL OF THE ORGANIZATION'S BYLAWS AND ELECTION OF THE ORGANIZATION'S BOARD OF TRUSTEES, ARE APPROVED BY ACTIVE MEMBERS (PARENTS) OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE PRESIDENT OF THE BOARD OF TRUSTEES AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO FILING. AN ELECTRONIC COPY OF THE COMPLETED FORM 990 WAS MADE AVAILABLE TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY HAS BEEN GIVEN TO ALL BOARD MEMBERS AND EMPLOYEES. BOARD MEMBERS AND EMPLOYEES (HERETO KNOWN AS INTERESTED PARTIES) ARE UNDER A CONTINUING OBLIGATION TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS KNOWN, OR REASONABLY SHOULD BE KNOWN. AN INTERESTED PARTY SHALL COMPLETE A QUESTIONNAIRE TO FULLY AND COMPLETELY DISCLOSE THE MATERIAL FACTS ABOUT ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE DISCLOSURE STATEMENT SHALL BE COMPLETED UPON HIS/HER ASSOCIATION WITH THE ORGANIZATION, AND SHALL BE UPDATED ANNUALLY THEREAFTER. AN ADDITIONAL DISCLOSURE STATEMENT SHALL BE FILED AT SUCH TIME AS AN ACTUAL OR POTENTIAL CONFLICT ARISES. STATEMENTS ARE REVIEWED BY THE CHAIR OF THE BOARD OF TRUSTEES AND HEAD OF SCHOOL FOR COMPLIANCE WITH THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S CONTRACT WAS NEGOTIATED BY THE EXECUTIVE COMMITTEE OF THE BOARD WHICH CONSISTED OF FIVE MEMBERS (PRESIDENT, SENIOR VICE PRESIDENT, SECRETARY, TREASURER, AND ONE ADDITIONAL TRUSTEE) ASSISTED BY OUTSIDE SCHOOL COUNSEL. NAIS BEST PRACTICES, COMPARABLE SALARIES AND OTHER INFORMATION WERE REVIEWED IN THE NEGOTIATION PROCESS BY THE EXECUTIVE COMMITTEE. THE HEAD OF SCHOOL'S COMPENSATION WAS APPROVED BY THE FINANCE COMMITTEE AND THE BOARD AS A PART OF THE HIRING AND BUDGET APPROVAL PROCESS. THE DIRECTOR OF FINANCE AND OPERATIONS' COMPENSATION IS DETERMINED BASED ON COMPARABLES FROM OTHER SCHOOLS OF SIMILAR SIZE AND RESPONSIBILITIES. FORM 990, PART VI, SECTION C, LINE 18 INDIVIDUALS ARE DIRECTED TO WWW.GUIDESTAR.ORG OR AN ELECTRONIC OR PAPER VERSION OF FORM 990 IS PROVIDED UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE IN ELECTRONIC OR PAPER FORM UPON REQUEST BY INDIVIDUALS WITH A NEED TO SEE SUCH DOCUMENTS. FORM 990, PART XIII, LINE 2C THE AUDIT COMMITTEE IS DELEGATED THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR. NO CHANGES HAVE BEEN MADE TO THIS PROCESS AS COMPARED TO THE PRIOR YEAR.