2013-09-20T14:45:10-05:00 2013-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2012-07-01 231352677 SHIPLEY SCHOOL SHIP 6105254300 814 YARROW STREET BRYN MAWR PA 19010 ADAM WOJTELWICZ 6105254300 2013-09-20 1 STACY CULLEN P00974308 2159798800 2013-09-04 2012 2016-02-24 21:20:13Z STEVEN S PILTCH 814 YARROW STREET BRYN MAWR PA 19010 45548767 0 X WWW.SHIPLEYSCHOOL.ORG X 1894 PA THE SHIPLEY SCHOOL IS A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL. 36 35 350 200 0 -5012 5862881 3997895 24074165 24621266 691555 2215927 1094487 909912 31723088 31745000 4107754 4290392 0 0 15140166 15441846 0 0 1447463 10029325 10400806 29277245 30133044 2445843 1611956 79098955 81533519 31150211 28668965 47948744 52864554 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 20686777 4290392 24621266 THE SHIPLEY SCHOOL PROVIDED A PRIVATE SCHOOL EDUCATION TO STUDENTS RANGING FROM PRE-KINDERGARTEN TO GRADE 12. 834 STUDENTS WERE ENROLLED AT THE SCHOOL DURING THE 2012-2013 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 PARTICIPATED IN SERVICE LEARNING PROJECTS THROUGHOUT THE ACADEMIC YEAR. 20686777 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 32 0 350 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 36 35 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 45.00 X X 348051 0 269397 ADAM B SPECTOR 1.50 X 0 0 0 KENNETH J HUFFMAN 0.80 X 0 0 0 CYNTHIA A ARCHER 0.80 X 0 0 0 ERIC T BRADLOW 0.80 X 0 0 0 CURTIS R CONNER 0.80 X 0 0 0 MIMI KELLER DRAKE 0.80 X 0 0 0 CARMEL DELANEY 0.80 X 0 0 0 PENELOPE DYSON FOLEY 0.80 X 0 0 0 RICHARD IGOLDSTEIN 0.80 X 0 0 0 DR AUTUMN ATKINS GRAVES 0.80 X 0 0 0 SALLY HYMAN 0.80 X 0 0 0 DOUGLAS L JORDAN 0.80 X 0 0 0 MARJORIE G KATZ 0.80 X 0 0 0 STACEY SHREINER KLEY 0.80 X X 0 0 0 DAVID M LAZARUS 0.80 X 0 0 0 LEO HELMERS 0.80 X 0 0 0 JAN R LINOWITZ 0.80 X 0 0 0 JOHN M MURABITO 0.80 X 0 0 0 CONNIE MCCANN 0.80 X 0 0 0 RENEE JOHNSON 0.80 X 0 0 0 WILLIAM SCHWARTZ 0.80 X 0 0 0 DONNA STERNBERG 0.80 X 0 0 0 ERIKA WHYTE 0.80 X 0 0 0 DERRIK RG MORRIS 0.80 X 0 0 0 TAD G SPERRY 0.80 X 0 0 0 ELLEN T CAPLAN 0.80 X 0 0 0 THOMAS W NAMMACK 0.80 X 0 0 0 JENNIFER NEFF 0.80 X 0 0 0 DAVID P SAMSON 0.80 X 0 0 0 BROOKSLEY WYLIE 0.80 X 0 0 0 JOHN FRY 0.80 X 0 0 0 ROY GUNDY 0.80 X 0 0 0 LISA SCHOENBERG 0.80 X 0 0 0 JON LITNER 0.80 X 0 0 0 HILARY MANER 0.80 X 0 0 0 ADAM WOJTELWICZ 45.00 X 152899 0 32409 USHA BALAMORE 45.00 X 106477 0 11596 CHRIS FARR 45.00 X 100675 0 11277 MARGARET VAN STEENWYK 45.00 X 102140 0 17642 NOOHA AHMED LEE 45.00 X 140159 0 23143 JOHN ZELEK 45.00 X 103087 0 21104 1053488 0 386568 7 0 1 0 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWSON MD 21204 STUDENT DINING SERVICES 793117 AMERICAN SERVICES CORP THE ASC BUILDING 2241 PROVIDENCE A CHESTER PA 19013 JANITORIAL SERVICES 476487 MGA PARTNERS 234 MARKET STREET PHILADELPHIA PA 19106 ARCHITECTURE SERVICES 316752 ADVANCED FURNITURE SERVICES 421 N 77TH STREET SUITE 71 PHILADELPHIA PA 19123 INTERIOR DESIGN 204187 IMS TECHNOLOGY 3055 MCCANN FARM DRIVE GARNETT VALLEY PA 19060 INFORMATION TECHNOLOGY 199604 5 106222 3891673 574299 3997895 TUITION & FEES 611710 23835712 23835712 CAFETERIA SALES/ LUNCH 611710 573159 573159 BOOKSTORE SALES 611710 188577 188577 BOOKFAIR 611710 23818 23818 24621266 1150416 1150416 174593 0 174593 174593 174593 14649255 13583744 1065511 1065511 1065511 365789 106222 220023 145766 145766 OTHER 900099 435526 435526 CREW FEES 611710 109432 109432 YEARBOOK SALES 611710 44595 44595 589553 31745000 24621266 0 3125839 4290392 4290392 798389 798389 11655732 8417858 2416492 821382 476112 433785 42327 1624532 1226677 278160 119695 887081 614252 212893 59936 22765 22765 347604 347604 106229 106229 347214 347214 531998 531998 1224144 1224144 915408 915408 1958098 1958098 218136 218136 MISCELLANEOUS 1469820 63313 1174532 231975 INSTRUCTIONAL EXPENSE 1305998 1305998 AUXILIARY ACTIVITIES 1152260 1152260 FACILITIES OPERATION AL 801132 628984 172148 30133044 20686777 7998804 1447463 1605983 1968998 9858272 8736041 4517455 3211032 258919 0 96452 63808 55459828 21982122 33046051 33477706 22966327 26592506 6210311 6718304 539185 765124 79098955 81533519 2532021 2690053 1933597 1866914 21923213 20800000 4761380 3311998 31150211 28668965 X 32685878 36056709 4537378 5891051 10725488 10916794 47948744 52864554 79098955 81533519 X 1611956 1777393 1526461 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21276947 211105 2653032 886000 23255084 19187185 2778140 53161 741539 21276947 14019849 3139072 2766398 738134 19187185 12723686 642764 1413108 759709 14019849 16057663 727904 -4061881 12723686 0.34020 0.46940 0.19040 0 0 3628073 3628073 46080642 17673603 28407039 5751113 4308519 1442594 33477706 ALTERNATIVE INVESTMENTS 6718304 F 6718304 AGENCY FUNDS 246046 INTEREST RATE SWAP 3065952 3311998 X 29104420 1777393 220023 1997416 27107004 347604 4290392 4637996 31745000 25715071 220023 220023 25495048 347604 4290392 4637996 30133044 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 (2010-2012) OR EXPECTED TO BE TAKEN IN THE CURRENT YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 220,023. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,290,392. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 220,023. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,290,392. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATORY POLICY WAS PUBLISHED IN LOCAL NEWSPAPER. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC) FUNDS FROM THE COMMONWEALTH OF PENNSYLVANIA AND OSTC. SPRING FUNDRAISER 227711 38680 189031 66228 SHIPLEY SHOPS 148549 35172 113377 88334 2 95751 32370 63381 65462 472011 106222 365789 220024 220024 145765 1 FINANCIAL AID 215 4290392 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 STEVEN S PILTCH 292500 0 0 0 55551 0 141950 0 127447 0 617448 0 0 0 ADAM WOJTELWICZ 152899 0 0 0 0 0 8409 0 24000 0 185308 0 0 0 NOOHA AHMED LEE 140159 0 0 0 0 0 7709 0 15434 0 163302 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 2010-12-30 20800000 TO REFINANCE 2008 REVENUE BONDS AND TO REPAY CONSTRUCTION LINE OF CREDIT 0 0 0 B MONTGOMERY COUNTY IND DEV AUTHORITY 232245125 2010-12-30 1123213 TO SUPPORT CAPITAL CONSTRUCTION PROJECTS AT THE SCHOOL 0 0 0 A 20800000 0 0 0 0 B 1123213 2012 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 1 WELLS FARGO BANK NA 26.000000000000 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 X 53 574299 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 1,526,461. 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.