2017-10-04T12:20:23-05:00 2017-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2016-07-01 231352677 SHIPLEY SCHOOL SHIP 6105254300 814 YARROW STREET BRYN MAWR PA 19010 ADAM WOJTELWICZ ASSISTANT TREASURER 6105254300 2017-10-04 1 STACY CULLEN P00974308 2159798800 2017-10-04 24.104.70.126 2017-10-04 13:20:01 ED P 3834E085460C781144D781FFE9CA57D94F43F4E8 E27C4F9FB880011900EB0E9CF76D32F99EBFD3EF 2016 2021-01-29 14:40:06Z STEVEN S PILTCH 814 YARROW STREET BRYN MAWR PA 19010 61449050 0 X WWW.SHIPLEYSCHOOL.ORG X 1894 PA THE SHIPLEY SCHOOL IS A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL. 35 34 338 200 0 0 6634217 5875209 28021131 28992550 1854988 1904077 1298062 1393294 37808398 38165130 5836749 6376484 0 0 17200007 19262427 0 0 1932602 13065515 11599999 36102271 37238910 1706127 926220 101790209 103756403 34093588 31209252 67696621 72547151 THE SHIPLEY SCHOOL, A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL, IS COMMITTED TO EDUCATIONAL EXCELLENCE AND DEDICATED TO DEVELOPING IN EACH STUDENT A LOVE OF LEARNING AND A COMPASSIONATE PARTICIPATION IN THE WORLD. 0 0 26378232 6376484 30070969 THE SHIPLEY SCHOOL PROVIDES A PRIVATE SCHOOL EDUCATION TO STUDENTS RANGING FROM PRE-KINDERGARTEN TO GRADE 12. 846 STUDENTS WERE ENROLLED AT THE SCHOOL DURING THE 2016-2017 ACADEMIC YEAR. THE SCHOOL IS ACCREDITED BY THE PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS. THE SHIPLEY EXPERIENCE EXTENDS BEYOND THE CLASSROOM AS SHIPLEY SPORTS TEAMS HAVE WON 34 LEAGUE CHAMPIONSHIPS IN THE LAST FIVE YEARS. IN ADDITION, SHIPLEY STUDENTS HAVE MADE AN IMPACT ON THE COMMUNITY AS ALL SHIPLEY STUDENTS PARTICIPATE IN SERVICE LEARNING PROJECTS THROUGHOUT THE ACADEMIC YEAR. 26378232 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 52 0 1 338 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ADAM WOJTELWICZ 6105254300 814 YARROW STREET BRYN MAWR PA 190103598 STEVEN S PILTCH HEAD OF SCHOOL 45.00 X X 378732 0 207644 ADAM B SPECTOR CHAIR 1.50 X 0 0 0 LISA BRANDT TRUSTEE 0.80 X 0 0 0 CYNTHIA A ARCHER TRUSTEE 0.80 X 0 0 0 ERIC T BRADLOW TRUSTEE 0.80 X 0 0 0 CATHERINE MURPHY TRUSTEE 0.80 X 0 0 0 MIMI KELLER DRAKE TRUSTEE 0.80 X 0 0 0 KARLENE BURRELL-MCRAE TRUSTEE 0.80 X 0 0 0 SHERYL P DURHAM TRUSTEE 0.80 X 0 0 0 HILARY DAY MANER TRUSTEE 0.80 X 0 0 0 CHRISTOPHER LEAVY TRUSTEE 0.80 X 0 0 0 MICHAEL FRENCH TRUSTEE 0.80 X 0 0 0 JUSTIN RICHARDS TRUSTEE 0.80 X 0 0 0 MARJORIE G KATZ TRUSTEE 0.80 X 0 0 0 DAVID LAZARUS TRUSTEE 0.80 X 0 0 0 TRUPTI TRIVEDI TRUSTEE 0.80 X 0 0 0 MATTHEW J GILLIN TRUSTEE 0.80 X 0 0 0 DAVID W PALMER TRUSTEE 0.80 X 0 0 0 STARK TOWNEND TRUSTEE 0.80 X 0 0 0 RENEE JOHNSON TRUSTEE 0.80 X 0 0 0 TAD SPERRY TRUSTEE 0.80 X 0 0 0 CHARLES E RYAN TRUSTEE 0.80 X 0 0 0 RIK MORRIS TRUSTEE 0.80 X 0 0 0 ELLEN T CAPLAN TRUSTEE 0.80 X 0 0 0 THOMAS W NAMMACK TRUSTEE 0.80 X 0 0 0 BROOKSLEY WYLIE TRUSTEE 0.80 X 0 0 0 HEATHER HELLE TRUSTEE 0.80 X 0 0 0 ROY GUNDY TRUSTEE 0.80 X 0 0 0 LISA SCHOENBERG TRUSTEE 0.80 X 0 0 0 DR DANIEL WEISS TRUSTEE 0.80 X 0 0 0 BENJAMIN WILLNER TRUSTEE 0.80 X 0 0 0 LEO HELMERS TRUSTEE 0.80 X 0 0 0 DERRICK MORRIS TRUSTEE 0.80 X 0 0 0 SUSAN OBERWAGER TRUSTEE 0.80 X 0 0 0 JACK SLYE TRUSTEE 0.80 X 0 0 0 ADAM WOJTELWICZ ASST TREASURER 45.00 X 168430 0 44104 USHA BALAMORE ASST HEAD OF LOWER SCHOOL 45.00 X 115069 0 11749 TIM LIGHTMAN HEAD OF LOWER SCHOOL 45.00 X 118309 0 17347 MARGARET VAN STEENWYK HEAD UPPER SCHOOL 45.00 X 125219 0 17727 CHRISTOPHER FARR DIRECTOR OF DEVELOPMENT 45.00 X 121945 0 12127 SHANE KINSELLA HEAD OF MIDDLE SCHOOL 45.00 X 117603 0 17308 1145307 0 328006 7 0 1 0 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWSON MD 21204 STUDENT DINING SERVICES 995494 AMERICAN SERVICES CORP THE ASC BUILDING 2241 PROVIDENCE A CHESTER PA 19013 JANITORIAL SERVICES 595860 BOHLIN CYWINSKI JACKSON 8 WEST MARKET STREET SUITE 1200 WILKESBARRE PA 18701 ARCHITECTURE SERVICES 356425 STARLITE PRODUCTIONS 9 WHITTENDALE DR MOORESTOWN NJ 08057 AUDIO VIDEO LIGHTING 347990 WSCUMBY 938 LINCOLN AVE SPRINGFIELD PA 19064 CONSTRUCTION 301533 18 154331 5720878 1413765 5875209 TUITION & FEES 611710 27994725 27994725 CAFETERIA SALES/ LUNCH 611710 682540 682540 BOOKSTORE SALES 611710 294969 294969 BOOKFAIR 611710 20316 20316 28992550 1074437 1074437 77718 0 77718 77718 77718 23282031 626084 22712865 365610 569166 260474 829640 829640 442602 154331 205445 237157 237157 OTHER 900099 921448 921448 CREW FEES 611710 103964 103964 YEARBOOK SALES 611710 53007 53007 1078419 38165130 28992550 0 3297371 6376484 6376484 2775012 2775012 13150165 9200661 2823848 1125656 591650 490935 40652 60063 1716717 1235087 330524 151106 1028883 693670 250346 84867 88425 88425 29950 29950 253574 253574 85716 85716 359646 359646 800062 800062 1155751 1155751 752859 752859 3262188 3262188 252708 252708 AUXILIARY ACTIVITIES 1946399 1946399 INSTRUCTIONAL EXPENSE 1936667 1936667 FACILITIES OPERATION AL 353286 68083 285203 BAD DEBTS 16671 16671 306097 80390 225707 37238910 26378232 8928076 1932602 1879199 3074933 9859114 11677003 6593916 5273752 428795 427225 82414603 32903129 48780015 49511474 27068799 28246211 6672071 4991639 508300 554166 101790209 103756403 3207139 1552916 1757725 2016400 24639943 24205943 4488781 3433993 34093588 31209252 X 38911221 47285917 11866529 8214563 16918871 17046671 67696621 72547151 101790209 103756403 X 926220 2658904 1265406 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25206190 154854 3210435 1283576 27287903 26706908 374717 -609530 1265905 25206190 26678086 118029 1082793 1172000 26706908 23255084 524843 3925287 1027128 26678086 21276947 211105 2653032 886000 23255084 0.11710 0.62470 0.25820 0 0 3628073 3628073 65274975 25427460 39847515 9814489 7475669 2338820 3697066 3697066 49511474 AGENCY FUNDS 489721 INTEREST RATE SWAP 2944272 3433993 X 34399421 2658904 205445 2864349 31535072 253574 6376484 6630058 38165130 30814297 205445 205445 30608852 253574 6376484 6630058 37238910 PART V, LINE 4: THE ENDOWMENT DRAW IS USED TO OFFSET OPERATING COSTS. THESE COSTS ARE PRIMARILY FINANCIAL AID, SCHOLARSHIPS, PROGRAM COSTS AND FACULTY SALARIES. THE SCHOOL SUBSIDIZES AN AMOUNT WELL BEYOND THE DRAW IN EACH OF THESE AREAS. PART X, LINE 2: THE SCHOOL HAS REVIEWED THEIR TAX POSITIONS AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO UNCERTAIN TAX POSITIONS TAKEN ON FEDERAL AND STATE TAX RETURNS FOR THE OPEN TAX YEARS (2014-2016) OR EXPECTED TO BE TAKEN IN THE CURRENT YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 205,445. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,376,484. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 205,445. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,376,484. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATORY POLICY WAS PUBLISHED IN A LOCAL NEWSPAPER. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC) AND OPPORTUNITY SCHOLARSHIP TAX CREDIT (OSTC) FUNDS FROM THE COMMONWEALTH OF PENNSYLVANIA. SPRING FUNDRAISER 317888 48025 269863 66606 SHIPLEY SHOPS 165262 38451 126811 91170 2 113782 67855 45927 48269 596932 154331 442601 206045 206045 236556 1 FINANCIAL AID 279 6376484 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 STEVEN S PILTCH HEAD OF SCHOOL 378732 0 0 0 0 0 127263 0 80381 0 586376 0 0 0 ADAM WOJTELWICZ ASST TREASURER 168430 0 0 0 0 0 9264 0 34840 0 212534 0 0 0 PART I, LINE 1A THE HEADMASTER OF THE SCHOOL IS PROVIDED WITH HOUSING ADJACENT TO THE SCHOOL. THE HOUSING IS A CONDITION OF HIS EMPLOYMENT AND NO PART OF IT IS TAXABLE INCOME. A MONTGOMERY COUNTY IND DEV AUTHORITY 232245125 2014-05-25 24705000 TO REFINANCE 2010 REVENUE BONDS. 0 0 0 B NORTH PENN HEALTH HOSPITAL AND EDUCATION AUTHORITY 232130191 2014-06-30 10000000 TO FINANCE CONSTRUCTION PROJECTS AT SCHOOL. 0 0 0 A 22271739 11459 19550000 180100 50000 1 0 0 1 B 7887799 61118 50000 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 0 B 0 1 0 0 1 0 0 0 0 A 1 B 1 X 53 1413765 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, FINANCE COMMITTEE AND THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES MUST SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION OF THE CEO. THE BOARD UTILIZES AN INDEPENDENT CONSULTANT TO BENCHMARK THE COMPENSATION PACKAGE AS PART OF A "SAFE HARBORS" PROCESS. FOR ALL TOP MANAGEMENT EMPLOYEES, BENCHMARKING THROUGH NAIS IS USED TO DETERMINE AN APPROPRIATE SALARY RANGE UPON HIRE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL WILL PROVIDE TO THE PUBLIC THOSE DOCUMENTS THAT STATE AND FEDERAL LAW REQUIRE BE MADE AVAILABLE, SUCH AS THE FORM 990 AND THE SCHOOL'S ARTICLES OF INCORPORATION. SUCH DOCUMENTS ARE AVAILABLE THROUGH THE BUSINESS OFFICE ON DEMAND. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 1,272,626. AMORTIZATION OF DEFERRED BOND COST -7,220. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEDPENDENT ACCOUNTANT. THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.