2014-11-10T20:27:58-06:00 2014-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2013-07-01 231370498 Church Farm School % NEIL FANELLI JR CHUR 6103637500 1001 E Lincoln Highway Suite Exton PA 19341 Reverend Edmund Sherrill II HEAD OF SCHOOL 6103637500 2014-11-10 true Frank Giardini P00532355 6103637500 2013 2015-11-30 17:44:51Z Edmund K Sherrill II 1001 E Lincoln Highway Exton PA 19341 79168252 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 Fulfiling LIVES BY MAKING A COLLEGE PREPARATORY education financially accessible 18 18 98 17926 17926 995378 839581 1669872 1573223 12378667 21097895 229365 300495 15273282 23811194 0 0 0 0 5700282 5626889 0 0 536528 4340242 4348386 10040524 9975275 5232758 13835919 151991966 169321820 6490345 6007721 145501621 163314099 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 7661726 1573223 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. 7661726 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 false false false false false false false false false true 27 0 true 98 true true true false false false false true true false false false false X 18 18 false 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 X X 0 0 0 MATTHEW J BURNS VICE-CHAIRMAN 3.0 X X 0 0 0 RICHARD H GHERST II TREASURER 3.0 X X 0 0 0 STEPHEN A LONEY SECRETARY 3.0 X X 0 0 0 ALEMAYEHU ADDIS BOARD MEMBER 1.0 X 0 0 0 GREGORY W COLEMAN BOARD MEMBER 1.0 X 0 0 0 SAMUEL B CUPP JR BOARD MEMBER 1.0 X 0 0 0 REV CLIFTON DANIEL 3RD BOARD MEMBER 1.0 X 0 0 0 STEPHEN B DARBY BOARD MEMBER 1.0 X 0 0 0 KERMET S ECK BOARD MEMBER 1.0 X 0 0 0 SALLY N GRAHAM BOARD MEMBER 1.0 X 0 0 0 REV PRESTON B HANNIBAL BOARD MEMBER 1.0 X 0 0 0 JOHN P KIRWIN III BOARD MEMBER 1.0 X 0 0 0 STACEY SHREINER KLEY BOARD MEMBER 1.0 X 0 0 0 JOHN PICKERING BOARD MEMBER 1.0 X 0 0 0 PHILIP PRICE BOARD MEMBER 1.0 X 0 0 0 CANNIE C SHAFER BOARD MEMBER 1.0 X 0 0 0 GARY G SCHLARBAUM BOARD MEMBER 1.0 X 0 0 0 WALTER K SMITH BOARD MEMBER 1.0 X 0 0 0 NORMAN STRATE BOARD MEMBER 1.0 X 0 0 0 REV EDMUND K SHERRILL II HEAD OF SCHOOL 50.0 X 179798 0 113355 NEIL J FANELLI JR DIRECTOR OF FINANCE 50.0 X 151111 0 20920 PETER E CORRADO DIR OF DEVELOPMENT 50.0 X 100646 0 11220 ARTHUR S SMITH FACULTY TEACHER 50.0 X 100161 0 4426 531716 0 149921 4 false true false Sodexo Inc and Affiliates PO Box 360170 PITTSBURGH PA 15251 Food/Janitor Svcs 1069264 The Brickman Group Ltd 131 Ship Road EXTON PA 19341 Grounds Svcs 130850 2 839581 23999 839581 TUITION AND FEES 900099 1573223 1573223 1573223 3241741 17926 3223815 0 0 159126 159126 0 159126 159126 72519641 627651 55275074 16064 17244567 611587 17856154 17856154 207289 65920 141369 141369 0 0 0 23811194 1573223 17926 21380464 0 0 0 0 246017 246017 0 3899226 2841351 742021 315854 425017 328435 60089 36493 750576 531874 159605 59097 306053 212923 69472 23658 0 9720 9720 72307 3899 68408 0 0 0 1092326 1080300 12026 121929 50975 70954 114580 40347 55515 18718 263649 143835 119814 0 775715 741961 33754 92128 51432 34753 5943 0 30553 5936 23708 909 0 0 892944 847404 45540 122905 108404 11873 2628 CAMPUS MAINTENANCE 263956 251163 12793 STUDENT ACTIVITIES 121421 121421 INSTRUCTIONAL 77470 77470 ATHLETIC 82690 82690 214093 139906 71913 2274 9975275 7661726 1777021 536528 0 0 3934362 4461814 38881 41106 100295 87045 0 0 0 0 0 0 0 0 113169 123908 32015995 20290036 11895406 11725959 118454462 133593395 10073976 11391912 0 0 0 0 7381415 7896681 151991966 169321820 686984 667863 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5803361 5339858 6490345 6007721 X 114619454 129016334 1289916 1306667 29592251 32991098 145501621 163314099 151991966 169321820 X 13835919 3819132 157427 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 128528438 23756043 7299173 144985308 118323581 17221864 7017007 128528438 129625030 1001484 -5989317 6313616 118323581 108565725 27992666 6933361 129625030 101188179 61912 15406555 8090921 108565725 0.82530 0.17470 true false 317134 317134 26006440 15984504 10021936 1077255 474089 603166 4615166 3831443 783723 11725959 COMMON TRUST FUND 11391912 F 11391912 0 DEPOSITS & MISCELLANEOUS 636712 PENSION PROJECTED BENEFIT OBLI 4703146 5339858 X 27853673 3819132 157427 3976559 23877114 -65920 -65920 23811194 10041195 65920 65920 9975275 9975275 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 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, 2014, THESE FINANCIAL STATEMENTS DO NOT INCLUDE ANY MATERIAL TAX POSITIONS. Reconciliation of Revenues Schedule D, Part XI, Line 2d DECREASE IN UNFUNDED PENSION STATUS $157,427 Schedule D, Part XI, Line 4b RECLASS OF SPECIAL EVENTS EXPENSE $(65,920) Reconciliation of Expenses Schedule D, Part XII, Line 2d RECLASS OF SPECIAL EVENTS EXPENSE $65,920 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 98151 98151 9598 12367 15987 Art Gala 109138 109138 3400 17436 7132 0 207289 207289 12998 29803 23119 65920 141369 X X true true X X X false false false false false false false false false REV EDMUND K SHERRILL II HEAD OF SCHOOL 179798 0 0 0 0 0 47076 0 66279 0 293153 0 0 0 NEIL J FANELLI JR DIRECTOR OF FINANCE 151111 0 0 0 0 0 6500 0 14420 0 172031 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. 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: Decrease in Unfunded Pension Status $157,427 FORM 990 PART IX LINE 11G DESCRIPTION:KITCHEN/FOOD SERVICE TOTAL FEES:847655 FORM 990 PART IX LINE 11G DESCRIPTION:JANITORIAL SERVICE TOTAL FEES:169896 FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED JOBS TOTAL FEES:74775