2016-01-29T12:15:12-06:00 2015-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2014-07-01 231370498 Church Farm School % NEIL FANELLI JR CHUR 6103637500 1001 E Lincoln Highway Exton PA 19341 Reverend Edmund Sherrill II HEAD OF SCHOOL 6103635331 2016-01-18 true Frank Giardini P00532355 2155614200 2014 2016-04-25 22:37:26Z Edmund K Sherrill II 1001 E Lincoln Highway Exton PA 19341 32732619 false X www.gocfs.net X 1918 PA CFS prepares a diverse group of boys with Academic ability and good character to lead productive and fulfilling Lives by making a college preparatory education financially accessible 20 20 100 43042 42042 839581 1150332 1573223 1442822 21097895 6663001 300495 325013 23811194 9581168 0 0 0 0 5626889 5815741 0 0 626994 4348386 4346054 9975275 10161795 13835919 -580627 169321820 164478582 6007721 8235949 163314099 156242633 THE CHURCH FARM SCHOOL PREPARES A DIVERSE GROUP OF BOYS WITH ACADEMIC ABILITY AND GOOD CHARACTER TO LEAD PRODUCTIVE AND FULFILLING LIVES BY MAKING A COLLEGE PREPARATORY EDUCATION FINANCIALLY ACCESSIBLE. false false 7800284 1442822 Provision of a residential college preparatory environment for boys in grades 7 through 12 from financially deserving families. The school provides housing, some transportation, education, social activities, support services and a work program for approximately 200 boys on a 150 acre campus. 7800284 true true false false false false false false false true true true false false true true true false true false false false false false true false false false false true false false false false false false false false true false false false false false false false false true 34 0 true 100 true true true false false false false true true false false false false X 20 20 true false false false false false false true true false false true true true true true true true false false PA X NEIL FANELLI JR 6103637500 1001 E LINCOLN HIGHWAY EXTON PA 19341 MARK T CARROLL CHAIRMAN 3.0 0.0 X X 0 0 0 MATTHEW J BURNS VICE-CHAIRMAN 3.0 0.0 X X 0 0 0 RICHARD H GHERST II TREASURER 3.0 0.0 X X 0 0 0 STEVEN A LONEY SECRETARY 3.0 0.0 X X 0 0 0 ALEMAYEHU ADDIS BOARD MEMBER 1.0 0.0 X 0 0 0 GREGORY W COLEMAN BOARD MEMBER 1.0 0.0 X 0 0 0 SAMUEL B CUPP JR BOARD MEMBER 1.0 0.0 X 0 0 0 REV CLIFTON DANIEL 3RD BOARD MEMBER 1.0 0.0 X 0 0 0 STEPHEN B DARBY BOARD MEMBER 1.0 0.0 X 0 0 0 Kermit Eck BOARD MEMBER 1.0 0.0 X 0 0 0 REV PRESTON B HANNIBAL BOARD MEMBER 1.0 0.0 X 0 0 0 WILLIAM HARRAL BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN P KIRWIN III BOARD MEMBER 1.0 0.0 X 0 0 0 STACEY SHREINER KLEY BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN PICKERING BOARD MEMBER 1.0 0.0 X 0 0 0 PHILIP PRICE BOARD MEMBER 1.0 0.0 X 0 0 0 GARY G SCHLARBAUM BOARD MEMBER 1.0 0.0 X 0 0 0 WALTER K SMITH BOARD MEMBER 1.0 0.0 X 0 0 0 NORMAN STRATE BOARD MEMBER 1.0 0.0 X 0 0 0 MEHUL TRIVEDI BOARD MEMBER 1.0 0.0 X 0 0 0 MASSANDJE WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 REV EDMUND K SHERRILL II HEAD OF SCHOOL 50.0 0.0 X 185000 0 110674 NEIL J FANELLI JR DIRECTOR OF FINANCE 50.0 0.0 X 158514 0 20337 PETER E CORRADO DIRECTOR OF DEVELOPMENT 50.0 0.0 X 140933 0 8396 CHRISTOPHER A SEELEY ASSISTANT HEAD OF SCHOOL 50.0 0.0 X 136733 0 23685 CHARLES R NOLL DIRECTOR OF STUDENT LIFE 50.0 0.0 X 101774 0 19078 ARTHUR S SMITH FACULTY TEACHER 50.0 0.0 X 102363 0 4435 825317 0 186605 6 false true false Sodexo Inc and Affiliates PO Box 360170 PITTSBURGH PA 15251 Food/Janitor Svcs 1002997 Voith Mactavish Architects LLP 2401 Walnut Street 6th Floor PHILADELPHIA PA 19103 Architectual Svcs 234655 The Brickman Group LTD 131 Ship Road EXTON PA 19341 Grounds Svcs 169676 Chester Valley Engineers Inc 83 Chestnut Road PAOLI PA 19301 Civil Engineers 134472 4 1150332 36766 1150332 TUITION AND FEES 900099 1442822 1442822 1442822 3755069 43042 3712027 0 0 120550 120550 0 120550 120550 25682131 292150 23060593 5756 2621538 286394 2907932 2907932 289565 85102 204463 204463 0 0 0 9581168 1442822 43042 6944972 0 0 0 0 242208 242208 0 4131645 2977962 771732 381951 507378 380984 77522 48872 609732 429179 125498 55055 324778 224064 71971 28743 0 38101 38101 70070 3880 66190 0 0 0 1084151 1072096 12055 145341 82412 62929 105702 40073 44418 21211 195807 107001 88806 0 767218 733983 33235 104485 55091 33371 16023 0 39565 15487 23204 874 237 237 0 902098 856091 46007 126723 112011 11760 2952 CAMPUS MAINTENANCE 311902 297364 14538 STUDENT ACTIVITIES 101474 101474 INSTRUCTIONAL 68609 68609 ATHLETIC 107323 107323 177248 135200 33664 8384 10161795 7800284 1734517 626994 0 0 4461814 3272303 41106 60181 87045 89334 0 0 0 0 0 0 0 0 123908 147578 32674281 21157950 11725959 11516331 133593395 130361682 11391912 11349993 0 0 0 0 7896681 7681180 169321820 164478582 667863 694643 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5339858 7541306 6007721 8235949 X 129016334 123086694 1306667 1411085 32991098 31744854 163314099 156242633 169321820 164478582 X -580627 -3888819 -2602020 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 144985308 2688928 5962561 141711675 128528438 23756043 7299173 144985308 118323581 17221864 7017007 128528438 129625030 1001484 -5989317 6313616 118323581 108565725 27992666 6933361 129625030 0.82900 0.17100 true false 317134 317134 26241380 16656644 9584736 1451962 491181 960781 4663805 4010125 653680 11516331 COMMON TRUST FUND 11349993 F 11349993 0 DEPOSITS & MISCELLANEOUS 482719 PENSION PROJECTED BENEFIT OBLI 7058587 7541306 X 5777451 -3888819 -3888819 9666270 -85102 -85102 9581168 12848917 2687122 2687122 10161795 10161795 Intended Uses of Endowment Funds Schedule D, Part V, Line 4 CFS's Endowment consists of a portfolio of funds established to provide a source of operating funds, approximately 70 percent of annual operating needs, as well as long-term financial stability. FIN 48 FOOTNOTE (ASC 740) FORM 990, SCHEDULE D, PART X No provision for income taxes has been recorded in the accompanying financial statements due to CFS's exempt status. CFS follows the appropriate accounting guidance which prescribes a model for the recognition and measurement of a tax position taken or expected to be taken in a tax return, and provides guidance on recognition, classification, interest, and penalties, disclosure and transition. At June 30, 2015, these financial statements do not include any material tax positions. Reconciliation of Revenues Schedule D, Part XI, Line 4B RECLASS OF SPECIAL EVENT EXPENSE $(85,102) Reconciliation of Expenses Schedule D, Part XII, Line 2D RECLASS OF SPECIAL EVENTS EXPENSE $ 85,102 INCREASE/(DECREASE) IN UNFUNDED PENSION STATUS $2,602,020 ------------ TOTAL RECONILIATION OF EXPENSES $2,687,122 true true true true true true true false false false false false false false false true false true Publication of Racially Nondiscriminatory Policy Schedule E, Part I, Line 3 The policy as to nondiscrimination as to students is published in the parent/student handbook, the philadelphia inquirer, the philadelphia daily news and other local newspapers and journals of general circulation. Government Assistance Schedule E, Part I, Line 6a FINANCIAL ASSISTANCE IS RECEIVED FROM THE STATE OF PENNSYLVANIA IN THE FORM OF AN ALLOWANCE (CREDIT) TO BE USED FOR THE RENTAL OF TEXTBOOKS AND OTHER EDUCATIONAL MATERIALS PROVIDED BY THE STATE TO ITS PUBLIC SCHOOLS. SINCE THE SCHOOL IS PRIVATE, THIS PROVIDES THE MEANS FOR THE SCHOOL TO PROVIDE AVAILABLE MATERIALS WITHOUT THE INCURRENCE OF SIGNIFICANT EXPENDITURES. Golf Classic 104915 104915 10294 13083 14969 Gala Event 184650 184650 5500 23205 18051 0 289565 289565 15794 36288 33020 85102 204463 X X true true X X X false false false false false false false false false REV EDMUND K SHERRILL II HEAD OF SCHOOL 185000 0 0 0 0 0 44851 0 65823 0 295674 0 0 0 NEIL J FANELLI JR DIRECTOR OF FINANCE 158514 0 0 0 0 0 6500 0 13837 0 178851 0 0 0 CHRISTOPHER A SEELEY ASSISTANT HEAD OF SCHOOL 136733 0 0 0 0 0 0 0 23685 0 160418 0 0 0 Compensation Information Schedule J, Part I, Line 1 The School provides housing and other benefits to certain key employees as a requirement of their duties or as a benefit of employment. The value of these benefits are included in the taxable wages of these employees, to the extent they are not otherwise excluded from such by the Internal Revenue Code and all are disclosed, as required, on Form 990, Part VII and Schedule J. X 6 36766 FMV false true false Business Relationships Form 990, Part VI, Line 2 John Pickering, Kermit Eck, and Mehul Trivedi have a business relationship Form 990 Review Process Form 990, Part VI, Line 11b The Form 990 was prepared by a nationally recognized accounting firm in conjunction with the organization's financial department. A copy of the draft Form 990 was first circulated to the Finance Committee and then distributed to the full Board of Trustees for discussion and comment. Each Board Member was provided opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c Annually each officer, director, and key employee is required to respond to management's "Activity Questionnaire". Process for Determining Compensation Form 990, Part VI, Line 15A The executive committee of the board initially engaged an independent school compensation consultant to assist in designing and implementing the current compensation package/structure of the Head of School. Annually, the Executive Committee of the Board benchmarks the terms of compensation for the Head of School to confirm policy is in-line with industry standards (National Association of Independent Schools/NAIS, etc.). How Documents are Made Available to the Public Form 990, Part VI, Line 19 The noted documents are provided upon request. Reconciliation of Net Assets FORM 990, PART XI, Line 9 Other Changes in Net Assets of Fund Balances Explained: (INCREASE)/DECREASE IN UNFUNDED PENSION STATUS $(2,602,020) FORM 990 PART IX LINE 11G DESCRIPTION:KITCHEN/FOOD SERVICE TOTAL FEES:847771 FORM 990 PART IX LINE 11G DESCRIPTION:JANITORIAL SERVICE TOTAL FEES:166377 FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED JOBS TOTAL FEES:70003