2026-02-18T08:41:23-06:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-07-01 231352639 THE PUBLIC SCHOOL OF GERMANTOWN PUBL 2156463300 PO BOX 287 340 MORRIS ROAD FORT WASHINGTON PA 19034 RICHARD SCHELLHAS HEAD OF SCHOOL 2156463300 2026-02-17 1 0 X KERRI N BOGDA P00760402 7177404863 2026-02-17 2024 2025-03-06 01:10:19Z GERMANTOWN ACADEMY RICHARD SCHELLHAS PO BOX 287 340 MORRIS ROAD FORT WASHINGTON PA 19034 74499338 0 X WWW.GERMANTOWNACADEMY.NET X 1759 PA AN INDEPENDENT, COEDUCATIONAL COLLEGE PREP SCHOOL FOR COMMUTING STUDENTS IN GRADES PRE-K - TWELVE. 27 27 620 96 5730 0 6746032 10237495 46376202 47794186 3182186 4464376 3942532 3965937 60246952 66461994 9543275 9899106 0 0 34548493 36247624 6625 0 2329619 12834412 13828927 56932805 59975657 3314147 6486337 187490309 198781957 46954012 48035569 140536297 150746388 X GERMANTOWN ACADEMY INSPIRES STUDENTS TO BE INDEPENDENT IN THOUGHT; CONFIDENT IN EXPRESSION; COMPASSIONATE IN SPIRIT; COLLABORATIVE IN ACTION; AND HONORABLE IN DEED. GERMANTOWN ACADEMY IS A PRIVATE SCHOOL EDUCATING STUDENTS FROM PRE-K THROUGH 12TH GRADE. 0 0 47366253 9899106 47794186 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 260 YEARS OF HISTORY, TRADITION, AND OUTSTANDING ACADEMICS. GERMANTOWN ACADEMY IS A PLACE THAT INSPIRES. STUDENTS DEVELOP A LOVE OF LEARNING BEGINNING WITH THE FIRST DAY OF PRE-K THAT CONTINUES THROUGH THE FINAL DAY OF 12TH GRADE AND BEYOND. OUR DEDICATED FACULTY AND STAFF EMBRACE STUDENTS' INNATE CURIOSITY AND ENCOURAGE THEM TO BUILD UPON THEIR NATURAL STRENGTHS WHILE CHALLENGING THEM TO EXPAND THEIR KNOWLEDGE THROUGH A MULTITUDE OF LEARNING EXPERIENCES, BOTH IN AND OUT OF THE CLASSROOM . OUR MISSION IS OUR PROMISE TO OUR STUDENTS, AND IT BECOMES THEIR FOUNDATION FOR LIFE: GA INSPIRES STUDENTS TO BE INDEPENDENT IN THOUGHT, CONFIDENT IN EXPRESSION, COMPASSIONATE IN SPIRIT, COLLABORATIVE IN ACTION, AND HONORABLE IN DEED. FOR MORE THAN 260 YEARS, STUDENTS AT GERMANTOWN ACADEMY HAVE BEEN ENCOURAGED TO FOLLOW THEIR PASSIONS. THE CUMULATIVE RESULT IS AN EXCEPTIONAL ACADEMIC, ARTISTIC, ATHLETIC, AND SOCIAL EXPERIENCE THAT CREATES SUCCESSFUL, WELL-EDUCATED, ETHICAL YOUNG PEOPLE WHO BELIEVE THEY CAN MAKE A DIFFERENCE IN THE WORLD.GERMANTOWN ACADEMY IS A PLACE OF INNOVATION. WE ARE AT THE FOREFRONT OF IMPORTANT INITIATIVES SUCH AS 21ST CENTURY CURRICULUM DEVELOPMENT, LANGUAGE INSTRUCTION, AND INTERNATIONAL RELATIONSHIPS. IF A NEW PROGRAM OR IDEA PROVIDES AN OPPORTUNITY FOR OUR STUDENTS, WE WILL EXPLORE IT.WITH TALENTED AND CARING FACULTY, HONEST AND CURIOUS STUDENTS, AND A BEAUTIFUL, RESOURCE-FILLED CAMPUS, GERMANTOWN ACADEMY IS WHERE STUDENTS THRIVE AND BECOME THEIR BEST SELVES. A TOTAL OF 1,218 STUDENTS WERE ENROLLED THIS FISCAL YEAR. 47366253 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 1 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 1 0 0 0 1 59 0 620 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X KAREN WERTZ ASST HEAD OF SCHOOL FO 2674057140 PO BOX 287 340 MORRIS ROAD FORT WASHINGTON PA 19034 MICHAEL H JORDAN PRESIDENT/BOARD CHAIR 20.00 0.00 X X 0 0 0 JOHN M GALLOWAY VICE PRESIDENT 5.00 0.00 X X 0 0 0 CHERYL ROSS SECRETARY 5.00 0.00 X X 0 0 0 JANET HAUGEN TREASURER 5.00 0.00 X X 0 0 0 AMY SEYFERT CONNELLY TRUSTEE 5.00 0.00 X 0 0 0 ANDREW SANDIFER TRUSTEE 5.00 0.00 X 0 0 0 ANNAMARIE GEPPERT HELLEBUSCH TRUSTEE 5.00 0.00 X 0 0 0 ANTHONY DISANDRO JR TRUSTEE 5.00 0.00 X 0 0 0 BELA D BAGGA TRUSTEE 5.00 0.00 X 0 0 0 BRIAN WILLIAMS TRUSTEE 5.00 0.00 X 0 0 0 CAROL MOMJIAN TRUSTEE 5.00 0.00 X 0 0 0 DESRENE FREEMAN TRUSTEE 5.00 0.00 X 0 0 0 DIANA RODGERS TRUSTEE 5.00 0.00 X 0 0 0 TED SWANSON TRUSTEE 5.00 0.00 X 0 0 0 GEORGE M RITER TRUSTEE 5.00 0.00 X 0 0 0 IRA BROWNSTEIN TRUSTEE 5.00 0.00 X 0 0 0 JOHN CANNON TRUSTEE 5.00 0.00 X 0 0 0 JUDI J GOODMAN TRUSTEE 5.00 0.00 X 0 0 0 KEZIRAH LINN VAUGHTERS TRUSTEE 5.00 0.00 X 0 0 0 KRISTA BUERGER TRUSTEE 5.00 0.00 X 0 0 0 LAURA BREWER TRUSTEE 5.00 0.00 X 0 0 0 DR LINDA WHITE NUNES TRUSTEE 5.00 0.00 X 0 0 0 MARK DOOLEY TRUSTEE 5.00 0.00 X 0 0 0 PHILIP HUANG TRUSTEE 5.00 0.00 X 0 0 0 SALVATORE J PAONE JR TRUSTEE 5.00 0.00 X 0 0 0 TED DURKIN TRUSTEE 5.00 0.00 X 0 0 0 WILLIAM B WEIHENMAYER JR TRUSTEE 5.00 0.00 X 0 0 0 RICHARD SCHELLHAS HEAD OF SCHOOL 50.00 0.00 X 575264 0 172612 DAVID PANNEPACKER CFO AND COO 50.00 0.00 X 217307 0 37310 BROOKE CRAWFORD RECORD DIR. OF INSTITUTIONAL ADVANCEMENT 50.00 0.00 X 222354 0 108238 JEFFREY THOMPSON DIRECTOR OF AQUATICS 50.00 0.00 X 166240 0 112777 JONAS JESWALD HEAD OF MIDDLE SCHOOL 50.00 0.00 X 155855 0 107586 TIMOTHY GINTER DIRECTOR OF ATHLETICS 50.00 0.00 X 119064 0 115849 RACHEL ELWOOD DIRECTOR OF HUMAN RESOURCES 50.00 0.00 X 122434 0 100359 1578518 0 754731 129 0 1 0 ANCHOR MANAGEMENT GROUP LLC 1000 CONSHOHOCKEN ROAD SUITE 201 CONSHOHOCKEN PA 19428 CONSTRUCTION SERVICES 546304 ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 753978839 CLEANING SERVICES 405130 NEXDINE LLC 905B SOUTH MAIN ST MANSFIELD MA 02048 DINING SERVICES 335535 HEALTHCARE SERVICES GROUP INC 3220 TILLMAN DR SUITE 300 BENSALEM PA 19020 CLEANING SERVICES 268939 PLYMOUTH ENVIRONMENTAL CO INC 923 HAWS AVENUE NORRISTOWN PA 19401 ASBESTOS REMOVAL 179160 10 296682 492171 9448642 626962 10237495 STUDENT TUITION FEES 611600 46854050 46854050 AUXILIARY PROGRAM REVENUE 611600 612000 612000 MUSIC LESSONS 611600 328136 328136 47794186 3180372 5730 3174642 37906 37906 412763 66568 346195 346195 346195 8906444 18005 7678351 0 1228093 18005 1246098 1246098 120254 296682 109848 10406 10406 18742 0 18742 18742 193207 182577 10630 10630 SUMMER PROGRAMS 900099 1560530 1560530 EXTENDED DAY & CHILD CARE FEES 900099 1194157 1194157 AQUATIC CLUB REVENUE 900099 725609 725609 99668 99668 3579964 66461994 47794186 5730 8424583 9899106 9899106 923771 704602 172485 46684 24901492 18882052 4727373 1292067 1591210 1180552 332892 77766 6960796 6356037 457758 147001 1870355 1435436 338969 95950 65353 65353 72332 72332 162652 162652 565896 217742 344469 3685 126916 1091 125825 2246030 1599424 554706 91900 434220 434220 2912049 2183676 586878 141495 777132 524904 235970 16258 25220 18921 5075 1224 4116431 3088275 828408 199748 784167 30778 753389 EDUC., ATHLETICS, GEN'L 931789 931789 DINING ROOM 142310 142310 OTHER MISCELLANEOUS EXP 119500 119500 ALUMNI RELATIONS EXP. 90016 90016 256914 51149 205765 59975657 47366253 10279785 2329619 264769 431070 32575252 36280144 6272953 4536969 227044 228368 26589 36177 867537 895211 146383194 62674532 85051557 83708662 37125201 45700988 6265995 6329860 583221 1312379 18230191 19322129 187490309 198781957 3047192 3512913 10116017 10798515 32713977 31890593 1076826 1833548 46954012 48035569 X 74464079 76438548 66072218 74307840 140536297 150746388 187490309 198781957 X 6486337 2631816 1091938 X 0 1 X 1 0 X 8600674 15634590 10953146 6746032 10237495 52171937 8600674 15634590 10953146 6746032 10237495 52171937 3575017 48596920 1408140 1716426 2829309 3526431 3625311 13105617 1243923 3218314 3956051 3881586 3912167 16212041 81489595 221769273 0.59640 0.59600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: AQUATIC CLUB REVENUE - 2020 AMOUNT: $ 328,332. 2021 AMOUNT: $ 664,138. 2022 AMOUNT: $ 667,822. 2023 AMOUNT: $ 694,948. 2024 AMOUNT: $ 725,609. BAD DEBT RECOVERY - 2022 AMOUNT: $ 145,004. EXTENDED DAY AND CHILD CARE FEES - 2020 AMOUNT: $ 664,930. 2021 AMOUNT: $ 941,094. 2022 AMOUNT: $ 1,035,334. 2023 AMOUNT: $ 1,229,600. 2024 AMOUNT: $ 1,194,157. FLEXIBLE FUND ADJUSTMENT - 2020 AMOUNT: $ 16,862. 2021 AMOUNT: $ 4,086. 2023 AMOUNT: $ 7,507. ADVANCED DEPOSIT FORFEIT - 2021 AMOUNT: $ 5,950. 2022 AMOUNT: $ 11,850. 2023 AMOUNT: $ 25,100. 2024 AMOUNT: $ 5,050. INSURANCE PREMIUM DIVIDEND - 2020 AMOUNT: $ 6,854. 2021 AMOUNT: $ 6,954. NON-CHARITABLE FUNDRAISING RECEIPTS - 2020 AMOUNT: $ 84,286. 2021 AMOUNT: $ 10,665. 2022 AMOUNT: $ 239,223. 2023 AMOUNT: $ 40,446. 2024 AMOUNT: $ 138,996. OTHER INCOME - 2020 AMOUNT: $ 13,937. 2021 AMOUNT: $ 19,380. 2022 AMOUNT: $ 30,098. 2023 AMOUNT: $ 36,415. 2024 AMOUNT: $ 38,330. SCHOOL STORE SALES - 2020 AMOUNT: $ 124,628. 2021 AMOUNT: $ 297,505. 2022 AMOUNT: $ 330,552. 2023 AMOUNT: $ 246,575. 2024 AMOUNT: $ 193,207. SUMMER PROGRAMS - 2020 AMOUNT: $ 4,094. 2021 AMOUNT: $ 1,268,542. 2022 AMOUNT: $ 1,496,168. 2023 AMOUNT: $ 1,562,499. 2024 AMOUNT: $ 1,560,530. PATRIOTS CAFE - 2023 AMOUNT: $ 27,275. 2024 AMOUNT: $ 27,784. WRESTLING CLUB - 2023 AMOUNT: $ 11,221. 2024 AMOUNT: $ 1,090. DINING SERVICES - 2024 AMOUNT: $ 27,414. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 43391196 5611935 4705735 1955771 51753095 37491951 3434960 4256536 1792251 43391196 34450677 2573306 2254041 1786073 37491951 37266144 2522840 -3786244 1552063 34450677 31081410 191100 7423483 1429849 37266144 0.27000 0.44000 0.29000 1 0 6024248 6024248 120646244 46177122 74469122 18845299 16497410 2347889 867403 867403 83708662 BENEFICIAL INTEREST IN PERPETUAL TRUST 19322129 19322129 STUDENT DEPOSITS AND ACCOMMODATIONS 656053 CAPITAL LEASE OBLIGATIONS 1177495 1833548 X 60482983 2631816 -8969820 -6338004 66820987 -358993 -358993 66461994 50272892 358993 358993 49913899 10061758 10061758 59975657 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 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. LAVINO PERPETUAL TRUST. PART X, LINE 2: THE SCHOOL 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. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS & FINANCIAL AID -9,899,106. GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 1,091,938. INVESTMENT FEES -162,652. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -182,577. RENTAL EXPENSES -66,568. FUNDRAISING EXPENSES -109,848. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 182,577. RENTAL EXPENSE 66,568. FUNDRAISING EXPENSES 109,848. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & FINANCIAL AID 9,899,106. INVESTMENT FEES 162,652. 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 FOLLOWING IS PUBLISHED ON THE ACADEMY'S WEBSITE: GERMANTOWN ACADEMY IS COMMITTED TO A POLICY OF NON-DISCRIMINATION IN ALL ASPECTS OF OUR COMMUNITY'S ACTION AND RELATIONSHIPS ON ANY BASIS INCLUDING BUT NOT LIMITED TO RACE, RELIGION, ANCESTRY, COLOR, AGE, GENDER, SEXUAL ORIENTATION, FAMILIAL STATUS, DISABILITY, VETERAN STATUS OR NATIONAL ORIGIN. AS REQUIRED BY TITLE IX, GA DOES NOT DISCRIMINATE IN THE CONSIDERATION OF APPLICATIONS FOR ADMISSION ON THE BASIS OF SEX. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED BOOKS AND SCHOOL SUPPLIES FROM THE STATE OF PENNSYLVANIA. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICE COLLEGE COUNSELING SERVICES TO HIGH SCHOOL STUDENTS 395245 0 0 0 0 0 0 395245 0 395245 1 0 1 0 1 0 SCHEDULE F, PART IV, LINE 1: THE ORGANIZATION INVESTS IN PARTNERSHIP INTERESTS, THROUGH WHICH TRANSFERS TO FOREIGN CORPORATIONS ARE MADE. NO TRANSFERS DURING THE PARTNERSHIP'S REPORTING PERIOD EXCEEDED THE THRESHOLD FOR REPORTING. SCHEDULE F, PART IV, LINE 5: THE ORGANIZATION INVESTS IN PARTNERSHIP INTERESTS, THROUGH WHICH THE ORGANIZATION HOLDS INDIRECT INTERESTS IN FOREIGN PARTNERSHIPS. THE PERCENTAGE OWNERSHIP DURING THE PARTNERSHIP'S REPORTING PERIOD DID NOT EXCEED THE THRESHOLD FOR REPORTING. PARENT PROM 392057 296682 95375 3980 3492 32329 28181 36483 HOLIDAY MARKET PLACE 12548 12548 138 186 1 12331 12331 75 2784 750 1450 416936 296682 120254 4055 3630 35113 28931 38119 109848 10406 18742 1 1.00000 18742 18742 PA 1 0 1 0 1.00000 KIRSTIN HARTMAN PO BOX 287 340 MORRIS ROAD FT WASHINGTON PA 19034 0 KIRSTIN HARTMAN THE GAMING MANAGER IS AN EMPLOYEE WHO PROVIDES SERVICES ON AN AD HOC BASIS. THE PERCENTAGE OF COMPENSATION DEDICATED TO THESE ACTIVITIES CANNOT BE ACCURATELY DETERMINED. X 0 1 STUDENT GRANTS FOR TUITION 430 9898106 PART I, LINE 2: ALL RECIPIENTS ARE INDIVIDUALS RECEIVING NEED-BASED FINANCIAL AID AND/OR SCHOLARSHIPS. DETERMINATION OF STUDENT'S QUALIFICATIONS FOR THE AWARDS ARE MADE BY THE SCHOOL'S FINANCIAL AID COMMITTEE OR THE RELEVANT THIRD PARTY ORGANIZATION PROVIDING THE SCHOLARSHIP. SCHOLARSHIPS ARE AWARDED IN LINE WITH THE QUALIFYING CRITERIA OF THE INDIVIDUAL SCHOLARSHIP. NEED-BASED AID IS AWARDED TO STUDENTS BASED ON FINANCIAL NEED. NEED-BASED AID AND SCHOLARSHIPS ARE PROVIDED AS A REDUCTION TO TUITION. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 RICHARD SCHELLHAS HEAD OF SCHOOL 563264 0 0 0 12000 0 47247 0 125365 0 747876 0 0 0 BROOKE CRAWFORD RECORD DIR. OF INSTITUTIONAL ADVANCEMENT 222354 0 0 0 0 0 11320 0 96918 0 330592 0 0 0 JEFFREY THOMPSON DIRECTOR OF AQUATICS 166240 0 0 0 0 0 13829 0 98948 0 279017 0 0 0 JONAS JESWALD HEAD OF MIDDLE SCHOOL 154972 0 0 0 883 0 13873 0 93713 0 263441 0 0 0 DAVID PANNEPACKER CFO AND COO 217307 0 0 0 0 0 16034 0 21276 0 254617 0 0 0 TIMOTHY GINTER DIRECTOR OF ATHLETICS 119064 0 0 0 0 0 10821 0 105028 0 234913 0 0 0 RACHEL ELWOOD DIRECTOR OF HUMAN RESOURCES 122434 0 0 0 0 0 10906 0 89453 0 222793 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS AS A CONVENIENCE TO THE ORGANIZATION AND AS A CONDIITON OF HIS EMPLOYMENT. THIS HOUSING ALLOWANCE IS NOT INCLUDED IN TAXABLE INCOME AS IT IS EXCLUDED UNDER INTERNAL REVENUE CODE SECTION 119. THE HEAD OF SCHOOL IS ALSO PROVIDED CLEANING SERVICES AS PART OF HIS EMPLOYMENT AGREEMENT AND THESE SERVICES ARE CONSIDERED TO BE A TAXABLE FRINGE BENEFIT. PART I, LINE 4B RICHARD SCHELLHAS, HEAD OF SCHOOL, PARTICIPATES IN A NON-QUALIFIED 457(B) RETIREMENT PLAN. THE ORGANIZATION MADE CONTRIBUTIONS IN THE AMOUNT OF $17,922 DURING CALENDAR YEAR 2024. A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 613609L46 2021-07-01 25265000 REFINANCE 2014 ISSUE AND CAPITAL PROJECTS 0 0 0 A 29267488 58077 106138 375186 15210503 11306890 3038091 2025 1 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K SUPPLENTAL INFORMATION BOND ISSUE B: THE DIFFERENCE BETWEEN THE ISSUE PRICE OF $25,265,000 AND THE GROSS PROCEEDS OF $29,267,488 IS PREMIUM ON THE BOND ISSUE. X 222351 PURCHASE PRICE X 11 404611 NYSE 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE MAY MAKE DECISIONS WHEN THE BOARD IS NOT IN SESSION WHEN PREVIOUSLY AUTHORIZED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED ON DECEMBER 13, 2024, TO INCREASE THE NUMBER OF BOARD MEMBERS FROM 27 TO 29. FORM 990, PART VI, SECTION B, LINE 11B 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 POSTED TO THE TRUSTEE PORTAL AND ITS PRESENCE IS COMMUNICATED TO EVERY TRUSTEE. ALL TRUSTEES ARE GIVEN ACCESS TO THE FORM 990 AND ARE ENCOURAGED TO REVIEW THE RETURN PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY WHICH IS MONITORED BY THE HEAD OF THE BOARD. NO MEMBER OF THE BOARD OF TRUSTEES NOR ANY MEMBER OF A BOARD COMMITTEE SHALL RECEIVE REMUNERATION 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 SUCH CASES 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 ATTENTION OF 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 FOUND. THE CONFLICT OF INTEREST POLICY DOES MENTION FAMILY AND BUSINESS RELATIONSHIPS AS A SOURCE OF POTENTIAL CONFLICTS OF INTEREST. 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). 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. COMPENSATION RELATED INFORMATION IS RECORDED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 1,091,938. THE EDWIN M LAVINO TRUST INVESTMENTS PA THE BANK OF NEW YORK MELLON CORPORATION T 854240 19322129 0.59100 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 THE EDWIN M LAVINO TRUST F 854240 COST