2015-11-30T14:34:05-06:00 2015-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2014-07-01 231352677 SHIPLEY SCHOOL SHIP 6105254300 814 YARROW STREET BRYN MAWR PA 19010 ADAM WOJTELWICZ ASSISTANT TREASURER 6105254300 2015-11-30 1 STACY CULLEN P00974308 2159798800 2015-11-30 2014 2016-03-07 17:11:31Z STEVEN S PILTCH 814 YARROW STREET BRYN MAWR PA 19010 54443920 0 X WWW.SHIPLEYSCHOOL.ORG X 1894 PA THE SHIPLEY SCHOOL IS A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL. 34 33 335 200 0 -6096 11956756 8353560 25451815 27027754 3618510 3034064 1016237 951118 42043318 39366496 4482032 5409586 0 0 15900557 16704400 0 0 1563876 11230218 12134875 31612807 34248861 10430511 5117635 93599226 95177915 28154995 25811623 65444231 69366292 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 24091032 5409586 27027754 THE SHIPLEY SCHOOL PROVIDES A PRIVATE SCHOOL EDUCATION TO STUDENTS RANGING FROM PRE-KINDERGARTEN TO GRADE 12. 831 STUDENTS WERE ENROLLED AT THE SCHOOL DURING THE 2014-2015 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. 24091032 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 51 0 1 335 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 33 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 353241 0 232051 ADAM B SPECTOR CHAIR 1.50 X 0 0 0 KENNETH J HUFFMAN 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 KIMBERLI C BAILEY 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 DOUGLAS L JORDAN TRUSTEE 0.80 X 0 0 0 MARJORIE G KATZ TRUSTEE 0.80 X 0 0 0 DAVID M 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 CONNIE MCCANN TRUSTEE 0.80 X 0 0 0 RENEE JOHNSON TRUSTEE 0.80 X 0 0 0 JENNIFER FLINT PANETTA TRUSTEE 0.80 X 0 0 0 CHARLES E RYAN TRUSTEE 0.80 X 0 0 0 TERESA SISON TRUSTEE 0.80 X 0 0 0 DERRIK RG MORRIS TRUSTEE 0.80 X 0 0 0 TAD G SPERRY 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 JOHN FRY 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 ADAM WOJTELWICZ ASST TREASURER 45.00 X 157547 0 45127 USHA BALAMORE ASST HEAD OF LOWER SCHOOL 45.00 X 110026 0 12299 TIM LIGHTMAN HEAD OF LOWER SCHOOL 45.00 X 111339 0 18586 MARGARET VAN STEENWYK HEAD UPPER SCH 45.00 X 121373 0 19138 SHANE KINSELLA HEAD OF MIDDLE SCHOOL 45.00 X 109811 0 18502 963337 0 345703 6 0 1 0 WS CUMBY 938 LINCOLN AVE SPRINGFIELD PA 19064 CONSTRUCTION SERVICES 4395445 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWSON MD 21204 STUDENT DINING SERVICES 942024 AMERICAN SERVICES CORP THE ASC BUILDING 2241 PROVIDENCE A CHESTER PA 19013 JANITORIAL SERVICES 520417 MGA PARTNERS 234 MARKET STREET PHILADELPHIA PA 19106 ARCHITECTURE SERVICES 326230 GE CAPITAL 1818 MARKET STREET PHILADELPHIA PA 19103 ELECTRICAL CONTRACTOR 301651 8 181180 8172380 2839074 8353560 TUITION & FEES 611710 26153073 26153073 CAFETERIA SALES/ LUNCH 611710 605530 605530 BOOKSTORE SALES 611710 239650 239650 BOOKFAIR 611710 29501 29501 27027754 1167179 1167179 160251 0 160251 160251 160251 16718958 14852073 1866885 1866885 1866885 338682 181180 225351 113331 113331 OTHER 900099 557797 557797 CREW FEES 611710 66288 66288 YEARBOOK SALES 611710 53451 53451 677536 39366496 27027754 0 3985182 5409586 5409586 738363 738363 12710480 9096559 2702053 911868 508800 458854 3949 45997 1818583 1340464 343747 134372 928174 641045 222869 64260 29740 29740 394638 394638 119347 119347 385514 385514 825660 825660 1202721 1202721 730484 730484 2385507 2385507 249403 249403 INSTRUCTIONAL EXPENSE 2092555 2092555 AUXILIARY ACTIVITIES 1385493 1385493 FACILITIES OPERATION AL 889728 690605 199123 BAD DEBTS 212064 212064 1232021 78248 945517 208256 34248861 24091032 8593953 1563876 3539290 2186057 9449907 9293352 8689012 6990585 225835 538725 65640852 26572240 33711492 39068612 30095056 30034980 7184674 6485317 703960 580287 93599226 95177915 2897506 3143751 1887886 1619192 19902677 17500785 3466926 3547895 28154995 25811623 X 33556335 37703389 15470202 14975751 16417694 16687152 65444231 69366292 93599226 95177915 X 5117635 -1067598 -127976 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26678086 118029 1082793 1172000 26706908 23255084 524843 3925287 1027128 26678086 21276947 211105 2653032 886000 23255084 19187185 2778140 53161 741539 21276947 14019849 3139072 2766398 738134 19187185 0.11270 0.62480 0.26250 0 0 3628073 3628073 47205719 21196915 26008804 14807060 5375325 9431735 39068612 ALTERNATIVE INVESTMENTS 6485317 F 6485317 AGENCY FUNDS 391100 INTEREST RATE SWAP 3156795 3547895 X 32720025 -1067598 225351 -842247 33562272 394638 5409586 5804224 39366496 28669988 225351 225351 28444637 394638 5409586 5804224 34248861 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 (2012-2014) OR EXPECTED TO BE TAKEN IN THE CURRENT YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 225,351. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,409,586. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 225,351. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,409,586. 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) FUNDS FROM THE COMMONWEALTH OF PENNSYLVANIA AND OSTC. SPRING FUNDRAISER 283420 35084 248336 58415 SHIPLEY SHOPS 156042 68045 87997 124691 2 80400 78051 2349 42245 519862 181180 338682 225351 225351 113331 1 FINANCIAL AID 261 5409586 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 STEVEN S PILTCH HEAD OF SCHOOL 292500 0 0 0 60741 0 146338 0 85713 0 585292 0 0 0 ADAM WOJTELWICZ ASST TREASURER 157547 0 0 0 0 0 8665 0 36462 0 202674 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 19791559 11459 19550000 180100 50000 1 0 0 1 B 111118 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 52 2839074 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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 ALL REQUESTS FOR THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS NEED TO BE MADE IN WRITING TO THE CFO. THE MATERIALS ARE FURNISHED UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -120,756. 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.