2018-05-15T09:48:50-05:00 2017-06-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2016-07-01 590873834 PALM BEACH DAY ACADEMY INC PALM 5616551188 241 SEAVIEW AVENUE PALM BEACH FL 33480 WILLIAM COYLE DIRECTOR OF FINANCE & OPERATIONS 5616551188 2018-05-15 1 RICHARD JUBACK P00630706 5617989988 2016 2022-09-23 18:48:47Z WILLIAM COYLE 241 SEAVIEW AVENUE PALM BEACH FL 33480 15869353 0 X WWW.PBDAY.ORG X 1975 FL PRIMARY EDUCATION FOR STUDENTS PRE-K THROUGH THE NINTH GRADE. 29 29 128 175 0 0 6412356 2845236 12634376 12402705 115067 118830 374217 352700 19536016 15719471 2605785 2723720 0 0 7806626 7818163 0 0 576638 4653510 4178384 15065921 14720267 4470095 999204 36430060 36901044 20616358 17888873 15813702 19012171 THE FOUNDATION OF THE PALM BEACH DAY ACADEMY'S PROGRAM IS THE EDUCATION OF OUR STUDENTS IN AN ACADEMICALLY CHALLENGING AND COMPASSION RICH ENVIRONMENT THAT GUIDES EACH CHILD TOWARD PERSONAL EXCELLENCE OF MIND, BODY AND CHARACTER. 0 0 9554694 2723720 11808466 INSTRUCTION-ACCREDITED CLASSROOM INSTRUCTION FOR 455 STUDENTS IN PRE-K THROUGH NINTH GRADE. 145388 45489 STUDENT ACTIVITIES-ATHLETICS, ART, DRAMATICS, LABORATORY, TYPING, CULTURAL EVENTS AND TRIPS FOR 455 STUDENTS ENROLLED IN PRE-K THROUGH NINTH GRADE. 628563 571446 AUXILIARY SERVICES-BUS TRANSPORTATION, TEXTBOOKS, LUNCH & JUICE PROGRAMS PROVIDED TO 455 STUDENTS ENROLLED IN PRE-K THROUGH NINTH GRADE. 10328645 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 12 0 128 1 0 0 0 0 0 1 1 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X WILLIAM COYLE 5616551188 241 SEAVIEW AVENUE PALM BEACH FL 33480 X LOURDES FANJUL PRESIDENT 1.00 X X 0 0 0 FRANCES FISHER VICE PRESIDENT 1.00 X X 0 0 0 WILLIAM MATTHEWS VICE PRESIDENT 1.00 X X 0 0 0 GRANT MASHEK TREASURER 1.00 X X 0 0 0 STEPHANIE CARDEN SECRETARY 1.00 X X 0 0 0 BEN ALEXANDER BOARD MEMBER 1.00 X 0 0 0 CHRISTINE BEALL BOARD MEMBER 1.00 X 0 0 0 GITA COSTA BOARD MEMBER 1.00 X 0 0 0 CAROLINE FORREST BOARD MEMBER 1.00 X 0 0 0 TIM GANNON BOARD MEMBER 1.00 X 0 0 0 JULIANA GENDELMAN BOARD MEMBER 1.00 X 0 0 0 DAVID GOCHMAN BOARD MEMBER 1.00 X 0 0 0 ANDREA KOSOY BOARD MEMBER 1.00 X 0 0 0 KEVIN LAMB BOARD MEMBER 1.00 X 0 0 0 MATT LORENTZEN BOARD MEMBER 1.00 X 0 0 0 JAMES MCCANN BOARD MEMBER 1.00 X 0 0 0 TIM MULLEN BOARD MEMBER 1.00 X 0 0 0 CHRIS ORTHWEIN BOARD MEMBER 1.00 X 0 0 0 SUE PATTERSON BOARD MEMBER 1.00 X 0 0 0 CAROLINE RAFFERTY BOARD MEMBER 1.00 X 0 0 0 JOSEPH SAMBUCO BOARD MEMBER 1.00 X 0 0 0 CHUCK SCHUMACHER BOARD MEMBER 1.00 X 0 0 0 MATTHEW SMITH BOARD MEMBER 1.00 X 0 0 0 MAURA ZISKA BOARD MEMBER 1.00 X 0 0 0 MICHAEL AINSLIE HONORARY 1.00 X 0 0 0 SCOTT JOHNSON HONORARY 1.00 X 0 0 0 PAUL LEONE HONORARY 1.00 X 0 0 0 AMBROSE MONELL HONORARY 1.00 X 0 0 0 ANNE METZGER HONORARY 1.00 X 0 0 0 AMY MIDDLETON PARENT SCHOOL COUNCIL 1.00 X 0 0 0 DR EDWIN P GORDON HEAD OF SCHOOL 40.00 X 237601 0 24462 WILLIAM J COYLE DIRECTOR OF FINANCE & OPERATIONS 40.00 X 169378 0 27361 DONNA TOBEY HEAD OF LOWER SCHOOL 40.00 X 114865 0 17628 RICHARD TUMMON TEACHER/DIRECTOR OF COMMUN 40.00 X 113211 0 21744 REBECCA VAN DER BOGERT HEAD OF SCHOOL 40.00 X 238955 0 16452 874010 0 107647 5 0 1 0 IBIS BUILDING CORPORATION 3600 INVESTMENT LN 101 WEST PALM BEACH FL 33407 CONSTRUCTION 1200000 BLUE CROSS BLUE SHIELD PO BOX 1798 JACKSONVILLE FL 322310014 HEALTH CARE 811000 WELLS FARGO BANK 420 MONTGOMERY STREET SAN FRANCISCO CA 94014 FINANCIAL SERVICES 655000 HARVARD JOLLY ARCHITECTURE 2047 VISTA PKWY 100 WEST PALM BEACH FL 33411 ARCHITECT 252000 FLORIDA POWER AND LIGHT 700 UNIVERSE BLVD JUNO BEACH FL 33408 UTILITIES 161000 5 108441 2736795 986138 2845236 TUITION AND FEES 611110 11785770 11785770 AUXILIARY SERVICES 611110 571446 571446 STUDENT ACTIVITIES 611110 45489 45489 12402705 112166 112166 6664 0 6664 6664 6664 486550 108441 149882 336668 336668 MISCELLANEOUS 611110 16032 16032 16032 15719471 12425401 0 448834 2723720 2723720 836218 332968 503250 5231396 4147805 863726 219865 531472 400074 120962 10436 772044 581168 175716 15160 447033 336511 101744 8778 26504 26504 61954 61954 20280 20280 2775 2775 4200 4200 110613 49137 61476 119931 119931 917563 447993 469570 11233 11233 305336 305336 760695 555307 205388 313418 313418 OTHER EXPENSE 670149 177162 170588 322399 BOND SWAP PAYMENT 319364 319364 AUXILIARY SERVICES 311481 311481 STUDENT ACTIVITIES 145388 145388 77500 77500 14720267 10328645 3814984 576638 2290792 3327377 3944805 2078274 257590 102888 744101 739163 37083748 13530410 22340271 23553338 6671287 7068980 181214 31024 36430060 36901044 1203092 1258942 2420031 1706829 11150000 10734197 300000 275000 5543235 3913905 20616358 17888873 X 9814599 13781445 5999103 5230726 15813702 19012171 36430060 36901044 X 999204 624143 -28 1575150 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9082028 1343351 405449 2332673 8498155 5349813 5412078 -48192 1631671 9082028 4767913 2468826 65832 1952758 5349813 4963171 832190 431563 1459011 4767913 5347831 1556447 277050 2218157 4963171 0.38000 0.00000 0.62000 0 0 6334399 6334399 23448780 9609595 13839185 1370347 1166527 203820 5930222 2754288 3175934 23553338 MARKET VALUES OF CASH FLOW HEDGE 3835388 CAPITAL LEASE 78517 3913905 X 15324646 624143 1725032 2349175 12975471 20280 2723720 2744000 15719471 12126149 149882 149882 11976267 20280 2723720 2744000 14720267 PART V, LINE 4: THE ENDOWMENT FUND WAS CREATED TO ENSURE THE FINANCIAL STABILITY OF THE SCHOOL. THE SCHOOLS FUNDS CONSIST OF DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS AN ENDOWMENT. THE FUNDS ARE DESIGNATED BY THE BOARD OF TRUSTEES TO VARIOUS FUNCTIONS BASED UPON DONOR INTENT. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS AN EDUCATIONAL INSTITUTION UNDER INTERNAL REVENUE SECTION 501(C)(3). INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOLS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME AT STATUTORY CORPORATE TAX RATES. MANAGEMENT ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. BASED ON ITS EVALUATION, MANAGEMENT DID NOT IDENTIFY ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE YEARS 2017 OR 2016. THE SCHOOL IS NO LONGER SUBJECT TO FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 149,882. UNREALIZED CASH FLOW HEDGE GAIN 1,575,150. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION REMISSION 2,723,720. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 149,882. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION REMISSION 2,723,720. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE PALM BEACH DAY ACADEMY HAS ITS POLICY PRINTED IN THE SCHOOL BROCHURE, WHICH IS SENT WITH THE SCHOOL APPLICATION TO ALL PROSPECTIVE STUDENTS DURING THE REGISTRATION PERIOD. THE ACADEMY ALSO INCLUDES ITS POLICY IN LOCAL ADVERTISEMENTS. AUCTION 495665 108441 387224 126342 GOLF TOURNAMENT 99326 99326 23540 0 594991 108441 486550 149882 149882 336668 1 SCHOLARSHIPS & TUITION REMISSION 145 2723720 FMV PART I, LINE 2: FINANCIAL AID IS AWARDED BASED ON FINANCIAL NEED. FINANCIAL NEED IS DETERMINED FROM A COMPLETED FINANCIAL AID APPLICATION SUBMITTED BY THE FAMILY REQUESTING AID. THE SCHOOL'S FINANCIAL AID COMMITTEE USES A NATIONALLY RECOGNIZED THIRD-PARTY SERVICE TO HELP TO OBJECTIVELY DETERMINE A FAMILY'S ABILITY TO PAY FOR SCHOOL TUITION AND OTHER EDUCATIONAL EXPENSES, BASED ON A PARENTS' FINANCIAL STATEMENT AND ANY ADDITIONAL SUPPORTING DOCUMENTATION FROM THE FAMILY AS MAY BE NEEDED. TUITION REMISSION IS AWARDED TO EMPLOYEES OF THE SCHOOL IN A COMBINATION OF POLICY AND NEED BASIS. X 1 0 X X 0 0 0 0 0 0 0 0 0 DR EDWIN P GORDON HEAD OF SCHOOL 192500 0 0 0 45101 0 19250 0 5212 0 262063 0 0 0 WILLIAM J COYLE DIRECTOR OF FINANCE & OPERATIONS 169378 0 0 0 0 0 16938 0 10423 0 196739 0 0 0 REBECCA VAN DER BOGERT HEAD OF SCHOOL 110406 0 84604 0 43945 0 11041 0 5411 0 255407 0 0 0 A PALM BEACH COUNTY FLORIDA 009747486 2013-04-01 12000000 TO REPAY CERTAIN LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS. 0 0 0 A 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X 18 986138 MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS AUTHORIZED THE FINANCE COMMITTEE TO REVIEW AND APPROVE THE FORM 990. A COPY OF THE APPROVED FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS ANNUALLY DISCLOSED BY THE BOARD OF TRUSTEES. THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY AND MONITORS THE POLICY TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOLS SALARY IS SET BY THE HEAD SUPPORT AND EVALUATION COMMITTEE. A THOUGHTFUL PROCESS, INCLUDING COMPARABILITY STUDIES ARE PERFORMED BY THE COMMITTEE. THE BOARD OF TRUSTEES APPROVES THE COMMITTEES RECOMMENDATIONS. THE HEAD OF SCHOOL MAKES A RECOMMENDATION FOR THE SALARY OF THE DIRECTOR OF FINANCE AND OPERATIONS BASED ON COMPARABLE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS AND IS APPROVED IN THE BUDGET BY THE FINANCE COMMITTEE AND BOARD OF TRUSTEES. THIS PROCESS IS COMPLETED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED CASH FLOW HEDGE GAIN 1,575,150.