2014-09-30T07:53:27-05:00 2014-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2013-07-01 231352677 SHIPLEY SCHOOL SHIP 6105254300 814 YARROW STREET BRYN MAWR PA 19010 ADAM WOJTELWICZ ASSISTANT TREASURER 6105254300 2014-09-30 1 STACY CULLEN P00974308 2159798800 2014-09-29 2013 2015-11-30 17:44:51Z STEVEN S PILTCH 814 YARROW STREET BRYN MAWR PA 19010 55762229 0 X WWW.SHIPLEYSCHOOL.ORG X 1894 PA THE SHIPLEY SCHOOL IS A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL. 34 33 337 200 0 -3160 3997895 11956756 24621266 25451815 2215927 3618510 909912 1016237 31745000 42043318 4290392 4482032 0 0 15441846 15900557 0 0 1479274 10400806 11230218 30133044 31612807 1611956 10430511 81533519 93599226 28668965 28154995 52864554 65444231 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 21436506 4482032 25451815 THE SHIPLEY SCHOOL PROVIDES A PRIVATE SCHOOL EDUCATION TO STUDENTS RANGING FROM PRE-KINDERGARTEN TO GRADE 12. 823 STUDENTS WERE ENROLLED AT THE SCHOOL DURING THE 2013-2014 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. 21436506 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 41 0 337 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 350703 0 218044 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 PENELOPE DYSON FOLEY TRUSTEE 0.80 X 0 0 0 RICHARD I GOLDSTEIN TRUSTEE 0.80 X 0 0 0 DR AUTUMN ATKINS GRAVES 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 STACEY SHREINER KLEY VICE CHAIR 0.80 X X 0 0 0 DAVID M LAZARUS TRUSTEE 0.80 X 0 0 0 LEO HELMERS 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 JON LITNER TRUSTEE 0.80 X 0 0 0 HILARY MANER TRUSTEE 0.80 X 0 0 0 ADAM WOJTELWICZ ASST TREASURER 45.00 X 156262 0 34660 USHA BALAMORE ASST HEAD OF LOWER SCHOOL 45.00 X 107825 0 11308 CHRIS FARR DIR EXTERNAL RELATIONS 45.00 X 102167 0 10997 MARGARET VAN STEENWYK HEAD UPPER SCH 45.00 X 114181 0 17696 JOHN ZELEK DIR TECH 45.00 X 103167 0 17090 934305 0 309795 6 0 1 0 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWSON MD 21204 STUDENT DINING SERVICES 798386 MGA PARTNERS 234 MARKET STREET PHILADELPHIA PA 19106 ARCHITECTURE SERVICES 637231 AMERICAN SERVICES CORP THE ASC BUILDING 2241 PROVIDENCE A CHESTER PA 19013 JANITORIAL SERVICES 501177 PABEC SYSTEMS INC PO BOX 60714 KING OF PRUSSIA PA 19406 ELECTRICAL CONTRACTOR 269353 IMS TECHNOLOGY 3055 MCCANN FARM DRIVE GARNETT VALLEY PA 19060 INFORMATION TECHNOLOGY 227490 5 109917 11846839 1848461 11956756 TUITION & FEES 611710 24591787 24591787 CAFETERIA SALES/ LUNCH 611710 587398 587398 BOOKSTORE SALES 611710 248103 248103 BOOKFAIR 611710 24527 24527 25451815 1416617 1416617 158066 0 158066 158066 158066 15717777 13515884 2201893 2201893 2201893 364140 109917 203027 161113 161113 OTHER 900099 564051 564051 CREW FEES 611710 87446 87446 YEARBOOK SALES 611710 45561 45561 697058 42043318 25451815 0 4634747 4482032 4482032 712122 712122 12028578 8655595 2521394 851589 524023 471255 6403 46365 1723368 1266759 331978 124631 912466 632757 217455 62254 24000 24000 584130 584130 114483 114483 368758 368758 807579 807579 1467460 1467460 861496 861496 2204611 2204611 240384 240384 AUXILIARY ACTIVITIES 1245443 1245443 INSTRUCTIONAL EXPENSE 938677 938677 FACILITIES OPERATION AL 894540 695444 199096 BAD DEBTS 315684 315684 1162973 71917 895717 195339 31612807 21436506 8697027 1479274 1968998 3539290 8736041 9449907 3211032 8689012 63808 225835 57898225 24186733 33477706 33711492 26592506 30095056 6718304 7184674 765124 703960 81533519 93599226 2690053 2897506 1866914 1887886 20800000 19902677 3311998 3466926 28668965 28154995 X 36056709 33556335 5891051 15470202 10916794 16417694 52864554 65444231 81533519 93599226 X 10430511 2119253 29913 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23255084 524843 3925287 1027128 26678086 21276947 211105 2653032 886000 23255084 19187185 2778140 53161 741539 21276947 14019849 3139072 2766398 738134 19187185 12723686 642764 1413108 759709 14019849 0.11860 0.61540 0.26600 0 0 3628073 3628073 46089367 19398764 26690603 8180785 4787969 3392816 33711492 ALTERNATIVE INVESTMENTS 7184674 F 7184674 AGENCY FUNDS 430887 INTEREST RATE SWAP 3036039 3466926 X 39299436 2119253 203027 2322280 36977156 584130 4482032 5066162 42043318 26749672 203027 203027 26546645 584130 4482032 5066162 31612807 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 (2011-2013) OR EXPECTED TO BE TAKEN IN THE CURRENT YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 203,027. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,482,032. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 203,027. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,482,032. 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 250804 35891 214913 61526 SHIPLEY SHOPS 132846 17605 115241 78870 2 90407 56421 33986 62632 474057 109917 364140 203028 203028 161112 1 FINANCIAL AID 233 4482032 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 58203 0 140750 0 77294 0 568747 0 0 0 ADAM WOJTELWICZ ASST TREASURER 156262 0 0 0 0 0 8594 0 26066 0 190922 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 1848461 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 29,913. 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.