THE PUBLIC SCHOOL OF GERMANTOWN: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- THE PUBLIC SCHOOL OF GERMANTOWN (EIN 23-1352639)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-12
- IRS object ID
- 201431329349300528
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-12T08:27:16-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231425534 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PARENTEBEARD LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1650 MARKET STREET SUITE 4500 | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231352639 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUSTEES OF THE PUBLIC SCHOOL OF GERMANTOWN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TRUS | NameControl |
| Phone | 2156463300 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 287 MORRIS ROAD | AddressLine1 |
| City | FORT WASHINGTON | City |
| State | PA | State |
| ZIP Code | 19034 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS P TAFT | Name |
| Title | COO | Title |
| Phone | 2156463300 | Phone |
| Date Signed | 2014-05-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JULIUS GREEN CPA | Name |
| PTIN | P00350393 | PTIN |
| Phone | 2159720701 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GERMANTOWN ACADEMY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | THOMAS P TAFT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 287 MORRIS ROAD | AddressLine1 |
| City | FORT WASHINGTON | City |
| State | PA | State |
| ZIP Code | 19034 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 47063981 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.GERMANTOWNACADEMY.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1759 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | AN INDEPENDENT, COEDUCATIONAL COLLEGE PREP SCHOOL FOR COMMUTING STUDENTS IN GRADES PRE-K - TWELVE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 29 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 28 | NbrIndependentVotingMembers |
| Total Nbr Employees | 572 | TotalNbrEmployees |
| Total Nbr Volunteers | 121 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3562902 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2724871 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 27924614 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 29831503 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 538461 | InvestmentIncomePriorYear |
| Investment Income Current Year | 689666 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2144301 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2460301 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 34170278 | TotalRevenuePriorYear |
| Total Revenue Current Year | 35706341 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4736907 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5071032 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 21845244 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 22413847 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 1958 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 173 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1384407 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8196498 | OtherExpensePriorYear |
| Other Expenses Current Year | 9172808 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 34780607 | TotalExpensesPriorYear |
| Total Expenses Current Year | 36657860 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -610329 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -951519 | RevenuesLessExpensesCY |
| Total Assets BOY | 130096406 | TotalAssetsBOY |
| Total Assets EOY | 128700040 | TotalAssetsEOY |
| Total Liabilities BOY | 47979123 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 44501351 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 82117283 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 84198689 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | GERMANTOWN ACADEMY INSPIRES STUDENTS TO BE INDEPENDENT IN THOUGHT; CONFIDENT IN EXPRESSION; COMPASSIONATE IN SPIRIT; COLLABORATIVE IN ACTION; AND HONORABLE IN DEED. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 28793800 | Expense |
| Grants | 5071032 | Grants |
| Revenue | 29831503 | Revenue |
| Description | GERMANTOWN ACADEMY IS A NON-SECTARIAN, COEDUCATIONAL COLLEGE PREPARATORY SCHOOL EDUCATING STUDENTS FROM PRE-K TO GRADE 12. FOUNDED IN 1759, GERMANTOWN ACADEMY HAS OVER 250 YEARS OF HISTORY, TRADITION, AND OUTSTANDING ACADEMICS. A TOTAL OF 1,091 STUDENTS WERE ENROLLED THIS FISCAL YEAR. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | N/A | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | N/A | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 28793800 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 19 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 572 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 29 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 28 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THOMAS P TAFT CHIEF OPERATING OFFICER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2156463300 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 287 MORRIS RD | AddressLine1 |
| City | FORT WASHINGTON | City |
| State | PA | State |
| ZIP Code | 19034 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (35 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| WILLIAM M GARBOSE | |||||||
| PRESIDENT/BOARD CHAIR | 20.00 | X | X | 0 | 0 | 0 | |
| MICHAEL H JORDAN | |||||||
| TREASURER | 5.00 | X | X | 0 | 0 | 0 | |
| JAMES W CONNOR | |||||||
| HEAD OF SCHOOL | 50.00 | X | X | 286051 | 0 | 62742 | |
| KAREN DOUGHERTY BUCHHOLZ | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| ROBERT BAST ESQ | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| JUDY CHANG CODY | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| BRIAN DIDONATO | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| ALISON KORMAN FELDMAN | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| JUDY A FELGOISE | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| CHRISTINE DOVEY GALLOWAY | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| JUDI J GOODMAN | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| LORI R GRISWOLD | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| ANNAMARIE GEPPERT HELLEBUSCH | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| JEFFREY A HONICKMAN | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| DAVID W KARR | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| BERTON E KORMAN | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| BRADLEY J KORMAN | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| JOEL D MAGERMAN | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| SUSAN STRATTON MCGINNIS | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| ROBERT MCNEIL III | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| WILLIAM P PISZEK | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| GEORGE M RITER | |||||||
| SECRETARY | 5.00 | X | X | 0 | 0 | 0 | |
| SCOTT BADAMI | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| THOMAS E DURKIN | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| JAMES J FITZGERALD IV | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| DEBBIE CARLOS MIRARCHI | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| DAVID O OBERKIRCHER | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| LORI REINER | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| NANCY A WOLFSON | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| THOMAS P TAFT | |||||||
| CHIEF OPERATING OFFICER | 50.00 | X | 161661 | 0 | 20413 | ||
| RICHARD SCHELLHAS | |||||||
| HEAD OF UPPER SCHOOL | 40.00 | 143300 | 0 | 18853 | X | ||
| AUDREY SCHNUR | |||||||
| DIR OF INSTITUTIONAL ADVANCEMENT | 40.00 | 137127 | 0 | 12570 | X | ||
| RICHARD SHOULBERG | |||||||
| DIR OF AQUATICS | 40.00 | 136788 | 0 | 20477 | X | ||
| JAMES FENERTY | |||||||
| DIR OF ATHLETICS | 40.00 | 117186 | 0 | 16633 | X | ||
| KENNETH ROGERS | |||||||
| HEAD OF MIDDLE SCHOOL | 40.00 | 115564 | 0 | 19243 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1097677 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 170931 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| INTECH CONSTRUCTION INC | |||||
| 3001 MARKET STREET | PHILADELPHIA | PA | 19104 | BUILDING CONSTRUCTION | 442324 |
| ARAMARK FACILITY SERVICE | |||||
| 24858 NETWORK PLACE | CHICAGO | IL | 60673 | CLEANING | 354891 |
| MODULAR SPACE CORPORATION | |||||
| 12603 COLLECTION CENTER DRIVE | CHICAGO | IL | 60693 | BUILDING CONSTRUCTION | 165000 |
| MERIWETHER-GODSEY INC | |||||
| 4944 OLD BOONSBORO ROAD | LYNCHBURG | VA | 24503 | DINING SERVICES | 139437 |
| NOVACARE REHABILITATION | |||||
| 400 TECHNOLOGY DRIVE STE 240 | CANONSBURG | PA | 15317 | ATHLETICS TRAINER | 117246 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 8 | NumberOfContractorsGT100K |
| Fundraising Events | 30470 | FundraisingEvents |
| Government Grants | 133212 | GovernmentGrants |
| All Other Contributions | 2561189 | AllOtherContributions |
| Noncash Contributions | 133212 | NoncashContributions |
| Total Contributions | 2724871 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | STUDENT TUITION FEES | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 29831503 | TotalRevenueColumn |
| Related Or Exempt Function Income | 29831503 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 29831503 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 486995 | TotalRevenueColumn |
| Exclusion | $486,995 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 201218 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 21040 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 180178 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 180178 | TotalRevenueColumn |
| Exclusion | $180,178 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 11304783 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 11102112 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 202671 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 202671 | TotalRevenueColumn |
| Exclusion | $202,671 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 142403 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 30470 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 32288 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 110115 | TotalRevenueColumn |
| Exclusion | $110,115 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 264459 | GrossSalesOfInventory |
| Cost Of Goods Sold | 202200 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 62259 | TotalRevenueColumn |
| Exclusion | $62,259 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| SUMMER PROGRAMS | 900099 | 1116480 | $1,116,480 |
| AQUATIC CLUB REVENUE | 900099 | 451999 | $451,999 |
| EXTENDED DAY AND CHILD CARE FEES | 900099 | 448169 | $448,169 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 91101 | TotalRevenueColumn |
| Exclusion | $91,101 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2107749 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 35706341 | TotalRevenueColumn |
| Related Or Exempt Function Income | 29831503 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $3,149,967 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5071032 | Total |
| Program Services | 5071032 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 500286 | Total |
| Program Services | 391750 | ProgramServices |
| Management And General | 87555 | ManagementAndGeneral |
| Fundraising | 20981 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16490648 | Total |
| Program Services | 12918113 | ProgramServices |
| Management And General | 2886227 | ManagementAndGeneral |
| Fundraising | 686308 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1055264 | Total |
| Program Services | 796800 | ProgramServices |
| Management And General | 204373 | ManagementAndGeneral |
| Fundraising | 54091 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3070817 | Total |
| Program Services | 2720937 | ProgramServices |
| Management And General | 293312 | ManagementAndGeneral |
| Fundraising | 56568 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1296832 | Total |
| Program Services | 971681 | ProgramServices |
| Management And General | 274178 | ManagementAndGeneral |
| Fundraising | 50973 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91905 | Total |
| Management And General | 91905 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56757 | Total |
| Management And General | 56757 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 173 | Total |
| Fundraising | 173 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9288 | Total |
| Management And General | 9288 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 138171 | Total |
| Program Services | 120353 | ProgramServices |
| Management And General | 17731 | ManagementAndGeneral |
| Fundraising | 87 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27657 | Total |
| Management And General | 26 | ManagementAndGeneral |
| Fundraising | 27631 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1034638 | Total |
| Program Services | 549128 | ProgramServices |
| Management And General | 382150 | ManagementAndGeneral |
| Fundraising | 103360 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 179375 | Total |
| Management And General | 179375 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2003461 | Total |
| Program Services | 1596604 | ProgramServices |
| Management And General | 331513 | ManagementAndGeneral |
| Fundraising | 75344 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 454508 | Total |
| Program Services | 325085 | ProgramServices |
| Management And General | 60938 | ManagementAndGeneral |
| Fundraising | 68485 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 367267 | Total |
| Program Services | 134027 | ProgramServices |
| Management And General | 190047 | ManagementAndGeneral |
| Fundraising | 43193 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3225565 | Total |
| Program Services | 2178382 | ProgramServices |
| Management And General | 897979 | ManagementAndGeneral |
| Fundraising | 149204 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 261345 | Total |
| Management And General | 261345 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| EDUCATION AND GENERAL | 766630 | 766630 | |
| AQUATICS CLUB EXPENSES | 175629 | 175629 | |
| BAD DEBTS | 150000 | 150000 | |
| DUES AND SUBSCRIPTIONS | 54637 | 18707 | 35930 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 175975 | Total |
| Program Services | 58942 | ProgramServices |
| Management And General | 69024 | ManagementAndGeneral |
| Fundraising | 48009 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36657860 | Total |
| Program Services | 28793800 | ProgramServices |
| Management And General | 6479653 | ManagementAndGeneral |
| Fundraising | 1384407 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2213993 | BOY |
| EOY | 5948019 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3604503 | BOY |
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6515115 | BOY |
| EOY | 4752489 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 653800 | BOY |
| EOY | 570028 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 3000 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29775 | BOY |
| EOY | 26587 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 880459 | BOY |
| EOY | 821615 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 103906834 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 23262446 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82714327 | BOY |
| EOY | 80644388 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 275522 | BOY |
| EOY | 739554 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23258800 | BOY |
| EOY | 25118204 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9950112 | BOY |
| EOY | 10076156 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 130096406 | BOY |
| EOY | 128700040 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2241452 | BOY |
| EOY | 1982423 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11461944 | BOY |
| EOY | 11200597 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33261440 | BOY |
| EOY | 30398037 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1014287 | BOY |
| EOY | 920294 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47979123 | BOY |
| EOY | 44501351 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55570908 | BOY |
| EOY | 56962582 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5785163 | BOY |
| EOY | 6229105 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20761212 | BOY |
| EOY | 21007002 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82117283 | BOY |
| EOY | 84198689 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 130096406 | BOY |
| EOY | 128700040 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -951519 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 2808063 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 224862 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 23450178 | BeginningOfYearBalance |
| Contributions | 606767 | Contributions |
| Investment Earnings Or Losses | 2820715 | InvestmentEarningsOrLosses |
| Other Expenditures | 1028402 | OtherExpenditures |
| End Of Year Balance | 25849258 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 24992967 | BeginningOfYearBalance |
| Contributions | 465958 | Contributions |
| Investment Earnings Or Losses | -280888 | InvestmentEarningsOrLosses |
| Other Expenditures | -1727859 | OtherExpenditures |
| End Of Year Balance | 23450178 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 22258976 | BeginningOfYearBalance |
| Contributions | 465957 | Contributions |
| Investment Earnings Or Losses | 3914217 | InvestmentEarningsOrLosses |
| Other Expenditures | -1646183 | OtherExpenditures |
| End Of Year Balance | 24992967 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 20590774 | BeginningOfYearBalance |
| Contributions | 1027214 | Contributions |
| Investment Earnings Or Losses | 2050639 | InvestmentEarningsOrLosses |
| Other Expenditures | -1409651 | OtherExpenditures |
| End Of Year Balance | 22258976 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 28817539 | BeginningOfYearBalance |
| Contributions | 140598 | Contributions |
| Investment Earnings Or Losses | -6234742 | InvestmentEarningsOrLosses |
| Other Expenditures | 2132621 | OtherExpenditures |
| End Of Year Balance | 20590774 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.38450 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.42290 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.19260 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5210051 | OtherCostOrOtherBasis |
| Book Value | 5210051 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 87662771 | OtherCostOrOtherBasis |
| Depreciation | 15256897 | Depreciation |
| Book Value | 72405874 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11034012 | OtherCostOrOtherBasis |
| Depreciation | 8005549 | Depreciation |
| Book Value | 3028463 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 80644388 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| SPLIT-INTEREST ARRANGEMENTS | 639032 | F |
| ALTERNATIVE INVESTMENTS | 24479172 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 25118204 | TotalOfBookValueSecurities |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BENEFICIAL INTEREST IN PERPETUAL TRUST | Description |
| Book Value | 10076156 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 10076156 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| STUDENT DEPOSITS AND ACCOMMODATIONS | $444,436 |
| DISCOUNT FOR FUTURE INTERESTS IN SPLIT-INTEREST ARRANGEMENTS | $19,915 |
| CAPITAL LEASE OBLIGATION | $234,261 |
| INTEREST RATE SWAP | $221,682 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 920294 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 33892926 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2808063 | NetUnrealizedGainsInvestments |
| Other Revenues | -4835431 | OtherRevenues |
| Revenue Not Rptd F990 | -2027368 | RevenueNotRptdF990 |
| Revenue Subtotal | 35920294 | RevenueSubtotal |
| Investment Expenses Not Included | 9288 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -223241 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -213953 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 35706341 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 31811520 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 223241 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 223241 | ExpensesNotRptdF990 |
| Expenses Subtotal | 31588279 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 9288 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 5060293 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 5069581 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 36657860 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | GERMANTOWN ACADEMY MAINTAINS AND DISPLAYS COLLECTIONS OF WORKS OF ART, HISTORICAL TREASURES AND OTHER SIMILAR ASSETS AS A KEY COMPONENT OF OUR LIBERAL ARTS, COLLEGE PREPARATORY CURRICULUM. THESE WORKS OF ART ARE INCORPORATED ON A REGULAR BASIS AS PART OF OUR ART CLASSES IN ORDER TO HELP PROVIDE THE ACADEMY'S STUDENTS WITH THE FRAMEWORK NECESSARY TO GROW AS ARTISTS THEMSELVES AND TO MEET THE STATED CURRICULAR OBJECTIVES OF OUR MISSION. THERE IS NO INTENTION TO EVER SELL A WORK OF ART IN ORDER TO GENERATE INCOME. | |
| PART V, LINE 4: | THE SCHOOL'S ENDOWMENTS CONSIST OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING SCHOLARSHIPS AND FINANCIAL AID, FACULTY COMPENSATION, STUDENT PRIZES, PARENT EDUCATION, STUDENT EDUCATION, IMPROVEMENTS TO PROPERTY, PLANT AND EQUIPMENT, AS WELL AS VARIOUS OTHER ACTIVITIES OF THE SCHOOL. ITS ENDOWMENTS INCLUDE BOTH A DONOR-RESTRICTED ENDOWMENT FUND AND FUND DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS AN ENDOWMENT. AS REQUIRED BY SFAS NO. 117, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE SCHOOL IS ALSO THE BENEFICIARY OF AN ENDOWMENT THAT IS HELD BY THE EDWIN M. LATVINO PERPETUAL TRUST. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X, LINE 2: | THE TRUSTEES OF THE PUBLIC SCHOOL OF GERMANTOWN ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE SCHOOL'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR THE FISCAL YEARS ENDING JUNE 30, 2012, 2011, AND 2010 REMAIN SUBJECT TO EXAMINATION BY THE IRS. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| SCHOLARSHIPS & FINANCIAL AID -5,071,033. GAIN ON INTEREST RATE SWAP AGREEMENT 98,818. GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 126,044. CONSTRUCTION RELATED EXPENSES 10,740. | PART XI, LINE 2D - OTHER ADJUSTMENTS: | |
| COST OF GOODS SOLD -202,201. RENTAL EXPENSES -21,040. | PART XI, LINE 4B - OTHER ADJUSTMENTS: | |
| COST OF GOODS SOLD 202,201. RENTAL EXPENSE 21,040. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| SCHOLARSHIPS & FINANCIAL AID 5,071,033. CONSTRUCTION RELATED EXPENSES -10,740. | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE ORGANIZATION'S NONDISCRIMATORY POLICY IS PUBLISHED IN LOCAL NEWSPAPERS. THE FOLLOWING IS ALSO PUBLISHED ON THE ACADEMY'S WEBSITE: AT GERMANTOWN ACADEMY, WE WELCOME STUDENTS, FACULTY, AND STAFF FROM ALL ETHNIC, CULTURAL, RACIAL, RELIGIOUS, AND SOCIOECONOMIC GROUPS, AND OF ALL SEXUAL ORIENTATIONS WHO RESPECT THE VALUES SET FORTH IN OUR SCHOOL'S GENERAL MISSION STATEMENT AND IN THIS DIVERSITY STATEMENT OF PURPOSE AND PRACTICE. WE HONOR OUR SCHOOL'S DIVERSITY BY RESPECTING THE VARIOUS CUSTOMS AND TRADITIONS OF ALL MEMBERS OF OUR COMMUNITY. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE SCHOOL RECEIVED BOOKS FROM THE STATE OF PENNSYLVANIA. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EAST ASIA AND THE PACIFIC | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 2 | NumberOfEmployees |
| Type Of Activities Conducted | COLLEGE COUNSELING SERVICES TO HIGH SCHOOL STUDENTS | TypeOfActivitiesConducted |
| Specific Services Provided | EDUCATIONAL ASSISTANCE | SpecificServicesProvided |
| Total Expenditures | 1500 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 2 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 2 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 1500 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 1500 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | PARENTS' COMMITTEE GALA | NameOfEvent1 |
| Gross Receipts Event1 | 172873 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 30470 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 142403 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 4438 | NonCashPrizesEvent1 |
| Food And Beverage Event1 | 14226 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 13624 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 172873 | GrossReceiptsTotal |
| Charitable Contributions Total | 30470 | CharitableContributionsTotal |
| Gross Revenue Total Events | 142403 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 4438 | NonCashPrizesTotalEvents |
| Food And Beverage Total Events | 14226 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 13624 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 32288 | DirectExpenseSummaryEvents |
| Net Income Summary | 110115 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | STUDENT GRANTS FOR TUITION | TypeOfGrant |
| Number Of Recipients | 300 | NumberOfRecipients |
| Amount Of Cash Grant | 5071032 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: ALL RECIPIENTS ARE INDIVIDUALS RECEIVING SCHOLARSHIPS. DETERMINATION OF STUDENTS' QUALIFICATIONS FOR THE AWARDS ARE MADE BY THE SCHOOL'S FINANCIAL AID COMMITTEE. SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON FINANCIAL NEED. SCHOLARSHIP CANDIDATES ARE EVALUATED FOR FINANCIAL NEED BY AN INDEPENDENT SCHOLARSHIP SERVICE. SCHOLARSHIPS ARE PROVIDED AS A REDUCTION TO TUITION. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JAMES W CONNOR | ||||||||||||||
| HEAD OF SCHOOL | 284373 | 0 | 0 | 0 | 1678 | 0 | 24314 | 0 | 38428 | 0 | 348793 | 0 | 0 | 0 |
| THOMAS P TAFT | ||||||||||||||
| CHIEF OPERATING OFFICER | 161661 | 0 | 0 | 0 | 0 | 0 | 13741 | 0 | 6672 | 0 | 182074 | 0 | 0 | 0 |
| RICHARD SCHELLHAS | ||||||||||||||
| HEAD OF UPPER SCHOOL | 143300 | 0 | 0 | 0 | 0 | 0 | 12181 | 0 | 6672 | 0 | 162153 | 0 | 0 | 0 |
| RICHARD SHOULBERG | ||||||||||||||
| DIR OF AQUATICS | 136788 | 0 | 0 | 0 | 0 | 0 | 11627 | 0 | 8850 | 0 | 157265 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS AND IS PROVIDED HOUSING AND CLEANING SERVICE AS PART OF HIS EMPLOYMENT AGREEMENT. THIS IS NOT INCLUDED IN TAXABLE INCOME AS IT IS EXCLUDED UNDER INTERNAL REVENUE CODE SECTION 119. THE VALUE OF THE HOUSING DURING FISCAL YEAR 2013 AMOUNTED TO $36,000. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Bond ReferenceBondReferenceCd | Issuer EINIssuerEIN | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing | CUSIP NumberCUSIPNumber |
|---|---|---|---|---|---|---|---|---|
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT | ||||||||
| A | 232245125 | 2010-07-01 | 27000000 | CONSTRUCTION PROJECTS | 0 | 0 | 0 | |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT | ||||||||
| B | 232245125 | 2012-07-26 | 12248841 | REFINANCE 2010 ISSUE AND FINANCE CONSTRUCTION PROJECTS | 0 | 0 | 0 | 613609A48 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Capitalized InterestCapitalizedInterest | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Other Spent ProceedsOtherSpentProceeds |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 8768560 | 27000000 | 24996440 | 2011 | 0 | 0 | 1 | 1 | |||
| B | 12248841 | 2012 | 1 | 0 | 0 | 1 | 41840 | 209030 | 11997372 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 1 |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Rebate Not Due YetRebateNotDueYet | Exception To RebateExceptionToRebate | No Rebate DueNoRebateDue | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 1 |
| B | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part V Form990ScheduleKPartV (2 entries)
| Bond ReferenceBondReferenceCd | Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction |
|---|---|
| A | 1 |
| B | 1 |
Schedule L IRS990ScheduleL
Loan Table LoanTable (2 entries)
| Relationship With OrganizationRelationshipWithOrganization | Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|---|
| KENNETH ROGERS | |||||||
| HEAD OF MIDDLE SCHOOL | COMPUTER EQUIPMENT LOAN | X | $1,000 | 1000 | 0 | 0 | 1 |
| THOMAS TAFT | |||||||
| CHIEF OPERATING OFFICER | EQUIPMENT LOAN | X | $2,000 | 2000 | 0 | 0 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 3000 | TotalBalanceDue |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE L, PART II | Identifier |
| Explanation | THE LOAN TO KEN ROGERS WAS APPROVED BY THOMAS TAFT, CFO, FOR THE PURCHASE OF A COMPUTER. THE LOAN TO THOMAS TAFT WAS APPROVED BY THE HEAD OF SCHOOL, JAMES CONNOR, AND WAS USED TO PURCHASE EQUIPMENT FOR THE TRACK PROGRAM. BOTH LOANS WERE SUBJECT TO APPROVAL AND LOAN REPAYMENT SCHEDULES WERE DOCUMENTED IN WRITING. | Explanation |
Schedule M IRS990ScheduleM
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | BOOKS | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 133212 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | PURCHASE PRICE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | THE ORGANIZATION HAS A BROKER WHO RECEIVES AND SELLS THE SECURITIES. THE REPRESENTATIVE WILL CONTACT THE ORGANIZATION'S ANNUAL FUND DIRECTOR WHEN A STOCK GIFT IS RECEIVED. THE AF DIRECTOR CONFIRMS THAT THE STOCK SHOULD BE SOLD IMMEDIATELY. THE REPRESENTATIVE SENDS AN E-MAIL TO THE AF DIRECTOR THAT THE STOCK HAS BEEN SOLD AND FOLLOWS UP WITH A SETTLEMENT SHEET. NOTE FOR THE CURRENT FISCAL YEAR, THERE WERE NO NON-CASH CONTRIBUTIONS. THE ABOVE EXPLANATION RELATES TO SECURITIES CONTRIBUTIONS WHEN SUCH DONATIONS OCCUR. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | A NEW PROGRAM PROVIDED TUTORING FOR 64 STUDENTS IN CHINA REGARDING COLLEGE PREPARATION WORK. |
| FORM 990, PART VI, SECTION A, LINE 2 | GEORGE M RITER AND NICOLE RITER - FAMILY RELATIONSHIP BERTON E KORMAN, ALISON K FELDMAN, BRADLEY J KORMAN, AND JOHN P KORMAN - FAMILY RELATIONSHIP NANCY A WOLFSON AND JUDY A FELGOISE - FAMILY RELATIONSHIP JOHN P KORMAN AND BERTON E KORMAN - BUSINESS RELATIONSHIP | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PREPARED BY A CERTIFIED INDEPENDENT PUBLIC ACCOUNTING FIRM WITH A STRONG BACKGROUND IN ACCOUNTING AND TAX MATTERS FOR CLIENTS OF THIS TYPE. INFORMATION IS PROVIDED TO THIS FIRM BY OUR ORGANIZATION AND, UPON COMPLETION OF THE FORM BY OUR ACCOUNTANTS, THE FORM IS REVIEWED BY OUR ORGANIZATION FOR ACCURACY AND COMPLETENESS. AT THE CONCLUSION OF OUR REVIEW THE FORM IS FILED WITH THE INTERNAL REVENUE SERVICE AND STATE OF PENNSYLVANIA. A COPY OF THE FORM 990 IS FORWARDED TO EACH TRUSTEE PRIOR TO BEING FILED WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | NO MEMBER OF THE BOARD OF TRUSTEES NOR ANY MEMBER OF A BOARD COMMITTEE SHALL RECEIVE RENUMERATION DIRECTLY OR INDIRECTLY AS A RESULT OF BUSINESS DECISIONS OR CONTRACTS WHICH ARE AWARDED BY THE BOARD UNLESS A DETERMINATION HAS BEEN MADE BY THE BOARD OR THE EXECUTIVE COMMITTEE OF THE BOARD THAT IT IS IN THE BEST INTEREST OF THE ACADEMY TO ALLOW SUCH AN ARRANGEMENT, IN WHICH CASE THE CONFLICT OF INTEREST SHALL BE CLEARLY ACKNOWLEDGED AND THE AFFECTED BOARD OR COMMITTEE MEMBER SHALL ABSTAIN FROM PARTICIPATION IN THE DECISION TO AWARD SUCH CONTRACT OR TO TAKE ACTION RESULTING IN THE AWARD OF SUCH CONTRACT. IT SHALL BE THE RESPONSIBILITY OF THE MEMBERS OF THE BOARD OF TRUSTEES AND OF THE COMMITTEES OF THE BOARD TO CALL TO THE PRESIDENT OF THE BOARD OF TRUSTEES OR THE CHAIRMAN OF THE BOARD COMMITTEE INVOLVED, ANY SITUATION WHERE A CONFLICT OF INTEREST OR POSSIBLE CONFLICT OF INTEREST MAY BE SEEN. BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY WHICH IS MONITORED BY THE HEAD OF THE BOARD. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEES AND THE FINANCE COMMITTEE CAREFULLY EXAMINE THE COMPENSATION PROPOSAL FOR THE NEXT FISCAL YEAR DURING THE COURSE OF THE PREVIOUS FALL AND APPROVE IT DURING THE JANUARY MEETING. THE SALARIES OF ALL FACULTY AND ADMINISTRATORS INCLUDING THE HEAD OF SCHOOL ARE BENCHMARKED BASED ON POOLED SURVEY DATA FROM 56 COMPARABLE SCHOOLS NATIONWIDE (DAY SCHOOLS WITH OVER 750 STUDENTS). COMPENSATION IS BASED ON THE 75TH PERCENTILE OF THE COMPARABLE SCHOOLS. ALL OTHER STAFF MEMBERS ARE PAID BASED ON DATA COLLECTED THROUGH "SALARY.COM." FOR EACH POSITION, BASED UPON EXPERIENCE, COMPENSATION IS SET BETWEEN THE 25TH AND 75TH PERCENTILE. THIS POLICY ENSURES FAIR COMPENSATION IS DETERMINED INDEPENDENTLY AND WITHOUT UNDUE INFLUENCE OF OUR ORGANIZATION. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 9: | GAIN ON INTEREST RATE SWAP AGREEMENT 98,818. GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 126,044. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARDSLEY REALTY ASSOCIATES LP | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 636 OLD YORK ROAD | AddressLine1 |
| City | JENKINTOWN | City |
| State | PA | State |
| ZIP Code | 19046 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232864563 | EIN |
| Primary Activity | RENTAL OF REAL ESTATE | PrimaryActivity |
| Legal Domicile State | PA | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Predominant Income Type | INVESTMENT | PredominantIncomeType |
| Share Of Total Income | 153713 | ShareOfTotalIncome |
| Share Of EOY Assets | 579712 | ShareOfEOYAssets |
| Disproportionate Allocations | 0 | DisproportionateAllocations |
| General Or Managing Partner | 0 | GeneralOrManagingPartner |
| Percentage Ownership | 0.72500 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |