CHESTNUT HILL ACADEMY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CHESTNUT HILL ACADEMY (EIN 23-1352625)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-02-05
- IRS object ID
- 201330369349300538
- Schema version
- 2011v1.2
- 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 I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-02-05T13:56:30-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232932984 | 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 | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231352625 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHESTNUT HILL ACADEMY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CHES | NameControl |
| Phone | 2152474700 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 W WILLOW GROVE AVE | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19118 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FRANK V ALOISE JR | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 2152474700 | Phone |
| Date Signed | 2013-02-01 | 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 | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | FRANK V ALOISE JR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 W WILLOW GROVE AVE | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19118 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 15301043 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SCH.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1861 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | TO PROMOTE EDUCATION, INSTRUCTION AND TRAINING OF CHILDREN AND YOUNG PEOPLE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 32 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 198 | TotalNbrEmployees |
| Total Nbr Volunteers | 32 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3578814 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1107117 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12177707 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12571783 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 599371 | InvestmentIncomePriorYear |
| Investment Income Current Year | 343695 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 176334 | OtherRevenuePriorYear |
| Other Revenue Current Year | 188150 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 16532226 | TotalRevenuePriorYear |
| Total Revenue Current Year | 14210745 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2300665 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2379665 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8210641 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 8335481 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 846685 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 6318486 | OtherExpensePriorYear |
| Other Expenses Current Year | 6309635 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 16829792 | TotalExpensesPriorYear |
| Total Expenses Current Year | 17024781 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -297566 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -2814036 | RevenuesLessExpensesCY |
| Total Assets BOY | 57338509 | TotalAssetsBOY |
| Total Assets EOY | 52380717 | TotalAssetsEOY |
| Total Liabilities BOY | 22029374 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 21332056 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 35309135 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 31048661 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | AT SPRINGSIDE CHESTNUT HILL ACADEMY WE EDUCATE STUDENTS TO BE INNOVATIVE LEADERS, BREAKTHROUGH THINKERS, AND IMAGINATIVE PROBLEM SOLVERS. WE CHALLENGE STUDENTS TO LEARN IN POWERFUL NEW WAYS, ENGAGE IN ACTIVE INQUIRY, HONE SKILLS OF CREATIVE AND ANALYTIC THINKING, AND CELEBRATE THE JOY OF DISCOVERY. THROUGH A RIGOROUS COLLEGE-PREPARATORY PROGRAM GROUNDED IN PROJECT- AND PASSION-BASED LEARNING, WE PREPARE OUR STUDENTS FOR THEIR FUTURE AS ACTIVE LEARNERS AND RESPONSIBLE GLOBAL CITIZENS. BLENDING THE BEST OF SINGLE-SEX EDUCATION AND COEDUCATION, WE EMPOWER AND PREPARE OUR YOUNG MEN AND WOMEN TO MEET CHALLENGES WITH COURAGE, INTEGRITY, AND RESPECT. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 1 | SignificantChange |
| Expense | 14590222 | Expense |
| Grants | 2379665 | Grants |
| Revenue | 12571783 | Revenue |
| Description | SCH ACADEMY IS THE ONLY INDEPENDENT SCHOOL IN THE PHILADELPHIA AREA TO OFFER A CURRICULUM BASED ON THE STUDY OF ENTREPRENEURSHIP. THE SCHOOL WAS DESIGNATED BY THE US DEPARTMENT OF EDUCATION AS A 2012 GREEN RIBBON SCHOOL IN RECOGNITION OF ITS ENVIRONMENTAL SUSTAINABILITY EFFORTS. THE SCHOOL HAS THE LARGEST ARRAY OF SOLAR PANELS IN THE CITY OF PHILADELPHIA. THE UPPER SCHOOL ROBOTICS TEAM WAS AWARDED THE FIRST CHAIRMAN'S REGIONAL AWARD, THE FIRST PROGRAM'S MOST PRESTIGIOUS AWARD, IN RECOGNITION OF ITS REPRESENTING A MODEL FOR OTHER TEAMS TO EMULATE, AND EMBODYING THE GOALS AND PURPOSE OF FIRST. SCH ACADEMY HAS AN OUTDOOR AND TRIP PROGRAM THAT PROVIDES STUDENTS FROM 2ND-9TH GRADE WITH OPPORTUNITIES TO BUILD SELF-CONFIDENCE, TEAMWORK, AND A RESPECT FOR NATURE THROUGH A VARIETY OF OUTDOOR EXPERIENCES. THE SCHOOL HAS CREATED TWO NEW DEPARTMENTS, IN NEW MEDIA AND ENGINEERING AND ROBOTICS, WHICH ARE RESPONSIBLE FOR INCORPORATING TEACHING IN THESE AREAS THROUGHOUT THE SCH CURRICULUM. | Description |
| Total Program Service Expense | 14590222 | 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 | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | 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 | 0 | 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 |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 30 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 198 | 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 | 0 | QuidProQuoContributions |
| 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 | 32 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | 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 | FRANK V ALOISE JR CHIEF FINANCIAL OFFICER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2152474700 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 W WILLOW GROVE AVE | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19118 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (38 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 |
|---|---|---|---|---|---|---|---|
| RICHARD A HAYNE | |||||||
| CO-PRESIDENT | 4.00 | X | X | 0 | 0 | 0 | |
| JOHN P MCNIFF | |||||||
| CO-PRESIDENT | 4.00 | X | X | 0 | 0 | 0 | |
| FRANCIS P STEEL JR | |||||||
| BD MBR, PRES./HEADMASTER | 50.00 | X | X | 255452 | 0 | 37664 | |
| DEBORAH E MAINE | |||||||
| VICE PRESIDENT | 4.00 | X | X | 0 | 0 | 0 | |
| STEVEN H KAPP | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ERIC W NOLL | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MIMS MAYNARD ZABRISKIE | |||||||
| SECRETARY | 4.00 | X | X | 0 | 0 | 0 | |
| MICHAEL J BARRIST | |||||||
| VICE PRESIDENT | 4.00 | X | X | 0 | 0 | 0 | |
| ANN-MARIE CORNER | |||||||
| TREASURER | 4.00 | X | X | 0 | 0 | 0 | |
| DR RONNEE ADESANYA | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| AMY L BANSE | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR CARLA M CANUSO | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| RUTHIE STRONG FERRARO | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| THOMAS J FERRARO | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| PAMELA VON SELDENECK HARRIS | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| SUZETTE HEARN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ROSALIE HUNTER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| STACY P METHVIN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ELLIN DIXON MILLER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| HENRY F O'REILLY III | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| SUZY L O'REILLY | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT M PECK | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JOFFIE C PITTMAN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| SCOTT RANKIN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| AMANDA RICE | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MICHAEL SSCHURR | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| WILLIAM S SMILOW | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JAMES M TALBOT II | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR RODNEY TAYLOR | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| PRISCILLA SANDS | |||||||
| BD MBR/HD OF SCHL/SPRINGSIDE | 1.00 | X | 0 | 554682 | 24627 | ||
| BRIAN VOGT | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| PEGGY STEEL | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| FRANK V ALOISE JR | |||||||
| CHIEF FINANCIAL OFFICER | 50.00 | X | 0 | 181410 | 28265 | ||
| ELIZABETH RODE | |||||||
| DIRECTOR OF EXTERNAL AFFAIRS | 50.00 | 111719 | 0 | 17190 | X | ||
| MICHEAL DELGRANDE | |||||||
| DIRECTOR OF ATHLETICS | 50.00 | 104691 | 0 | 25296 | X | ||
| FRANCIS YASHARIAN | |||||||
| HEAD OF LOWER SCHOOL, BOYS | 50.00 | 106117 | 0 | 15423 | X | ||
| PETER RANDALL | |||||||
| CHAIR, ENGINEERING AND ROBOTICS | 50.00 | 104471 | 0 | 8099 | X | ||
| STANLEY PARKER | |||||||
| DEAN OF FACULTY | 50.00 | 103048 | 0 | 13949 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 785498 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 736092 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 170513 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YOUR PART TIME CONTROLLER | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 WALNUT STREET STE 1200 | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | NON-PROFIT ACCOUNTING SERVICES | DescriptionOfServices |
| Compensation | 100669 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Government Grants | 58896 | GovernmentGrants |
| All Other Contributions | 1048221 | AllOtherContributions |
| Noncash Contributions | 116118 | NoncashContributions |
| Total Contributions | 1107117 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611710 | 12171808 | 12171808 |
| FOOD SERVICES | 611710 | 392426 | 392426 |
| ATHLETIC AND SUMMER PR | 611710 | 7549 | 7549 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12571783 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 81145 | TotalRevenueColumn |
| Exclusion | $81,145 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 67856 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 21929 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 45927 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 45927 | TotalRevenueColumn |
| Exclusion | $45,927 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1236649 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 974099 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 262550 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 262550 | TotalRevenueColumn |
| Exclusion | $262,550 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 108134 | GrossSalesOfInventory |
| Cost Of Goods Sold | 94270 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13864 | TotalRevenueColumn |
| Exclusion | $13,864 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| REFUNDS AND REBATES | 611710 | 33000 | $33,000 |
| TEXTBOOK INCOME | 611710 | 29973 | $29,973 |
| STUDENT BILLINGS | 611710 | 27200 | $27,200 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38186 | TotalRevenueColumn |
| Exclusion | $38,186 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 128359 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14210745 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12571783 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $531,845 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2379665 | Total |
| Program Services | 2379665 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 305004 | Total |
| Program Services | 305004 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6183269 | Total |
| Program Services | 4823148 | ProgramServices |
| Management And General | 889121 | ManagementAndGeneral |
| Fundraising | 471000 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 427989 | Total |
| Program Services | 335196 | ProgramServices |
| Management And General | 57320 | ManagementAndGeneral |
| Fundraising | 35473 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 905199 | Total |
| Program Services | 783736 | ProgramServices |
| Management And General | 83585 | ManagementAndGeneral |
| Fundraising | 37878 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 514020 | Total |
| Program Services | 416870 | ProgramServices |
| Management And General | 61013 | ManagementAndGeneral |
| Fundraising | 36137 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14000 | Total |
| Program Services | 14000 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37376 | Total |
| Program Services | 37376 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148227 | Total |
| Program Services | 148227 | ProgramServices |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37313 | Total |
| Management And General | 37313 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 230757 | Total |
| Program Services | 97110 | ProgramServices |
| Management And General | 107467 | ManagementAndGeneral |
| Fundraising | 26180 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23025 | Total |
| Management And General | 17283 | ManagementAndGeneral |
| Fundraising | 5742 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 443461 | Total |
| Program Services | 371788 | ProgramServices |
| Management And General | 26920 | ManagementAndGeneral |
| Fundraising | 44753 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56732 | Total |
| Program Services | 40613 | ProgramServices |
| Management And General | 15459 | ManagementAndGeneral |
| Fundraising | 660 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 659640 | Total |
| Program Services | 658873 | ProgramServices |
| Management And General | 104 | ManagementAndGeneral |
| Fundraising | 663 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84158 | Total |
| Program Services | 74156 | ProgramServices |
| Management And General | 7084 | ManagementAndGeneral |
| Fundraising | 2918 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1552365 | Total |
| Program Services | 1552365 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 155876 | Total |
| Program Services | 155876 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PLANT OPERATIONS | 2039050 | 1668851 | 242002 | 128197 |
| CAFETERIA | 527438 | 470642 | 10358 | 46438 |
| STUDENT ACTIVITIES | 126179 | 124880 | 1299 | |
| DUES AND SUBSCRIPTIONS | 85946 | 63356 | 19039 | 3551 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 88092 | Total |
| Program Services | 68490 | ProgramServices |
| Management And General | 13806 | ManagementAndGeneral |
| Fundraising | 5796 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17024781 | Total |
| Program Services | 14590222 | ProgramServices |
| Management And General | 1587874 | ManagementAndGeneral |
| Fundraising | 846685 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33563 | BOY |
| EOY | 1500 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3312246 | BOY |
| EOY | 1267271 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 815147 | BOY |
| EOY | 501422 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191262 | BOY |
| EOY | 309812 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75500 | BOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32864 | BOY |
| EOY | 44265 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54742 | BOY |
| EOY | 107338 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 44438681 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 16101728 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29014205 | BOY |
| EOY | 28336953 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17653291 | BOY |
| EOY | 19572834 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5120366 | BOY |
| EOY | 1000000 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1035323 | BOY |
| EOY | 1239322 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57338509 | BOY |
| EOY | 52380717 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 275556 | BOY |
| EOY | 515019 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4028335 | BOY |
| EOY | 3340837 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14800000 | BOY |
| EOY | 14400000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1287018 | BOY |
| EOY | 311847 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1638465 | BOY |
| EOY | 2764353 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22029374 | BOY |
| EOY | 21332056 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17506566 | BOY |
| EOY | 13790421 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6292289 | BOY |
| EOY | 5161109 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11510280 | BOY |
| EOY | 12097131 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35309135 | BOY |
| EOY | 31048661 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57338509 | BOY |
| EOY | 52380717 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -2814036 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1446438 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| 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
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 23407679 | BeginningOfYearBalance |
| Contributions | 641851 | Contributions |
| Investment Earnings Or Losses | -594683 | InvestmentEarningsOrLosses |
| Other Expenditures | 2151617 | OtherExpenditures |
| End Of Year Balance | 21303230 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 19567980 | BeginningOfYearBalance |
| Contributions | 2452418 | Contributions |
| Investment Earnings Or Losses | 4662646 | InvestmentEarningsOrLosses |
| Other Expenditures | 3275365 | OtherExpenditures |
| End Of Year Balance | 23407679 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 19267281 | BeginningOfYearBalance |
| Contributions | 1007860 | Contributions |
| Investment Earnings Or Losses | 3080946 | InvestmentEarningsOrLosses |
| Other Expenditures | 3788107 | OtherExpenditures |
| End Of Year Balance | 19567980 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 30650644 | BeginningOfYearBalance |
| Contributions | 103799 | Contributions |
| Investment Earnings Or Losses | -7127833 | InvestmentEarningsOrLosses |
| Other Expenditures | 4359329 | OtherExpenditures |
| End Of Year Balance | 19267281 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.20000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.58000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.22000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 39362152 | OtherCostOrOtherBasis |
| Depreciation | 14262320 | Depreciation |
| Book Value | 25099832 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5068679 | OtherCostOrOtherBasis |
| Depreciation | 1836564 | Depreciation |
| Book Value | 3232115 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7850 | OtherCostOrOtherBasis |
| Depreciation | 2844 | Depreciation |
| Book Value | 5006 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 28336953 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DISCOUNT FOR FUTURE INTEREST - SPLIT INTEREST ARRANGEMENTS | $46,371 |
| INTEREST RATE SWAP | $2,089,941 |
| DUE TO AFFILIATE | $628,041 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2764353 | TotalOfAmounts |
| Total Revenue | 14210745 | TotalRevenue |
| Total Expenses | 17024781 | TotalExpenses |
| Excess Or Deficit For Year | -2814036 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -72343 | NetUnrealizedGLOnInvestments |
| Other | -$1,374,095 | OtherAmount |
| Total Adjustments | -1446438 | TotalAdjustments |
| Excess Or Deficit Per FS | -4260474 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 10463528 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -72343 | NetUnrealizedGainsInvestments |
| Other Revenues | -3753760 | OtherRevenues |
| Revenue Not Rptd F990 | -3826103 | RevenueNotRptdF990 |
| Revenue Subtotal | 14289631 | RevenueSubtotal |
| Investment Expenses Not Included | 37313 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -116199 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -78886 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 14210745 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 14724002 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 116199 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 116199 | ExpensesNotRptdF990 |
| Expenses Subtotal | 14607803 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 37313 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 2379665 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2416978 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 17024781 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE NET INCOME FROM ENDOWMENT FUNDS SUBJECT TO THE SCHOOL'S AUTHORIZED SPENDING POLICY WILL BE USED FOR FINANCIAL AID, FACULTY AND STAFF SALARIES, FACULTY DEVELOPMENT, ATHLETICS, OTHER SCHOOL ACTIVITIES AND GENERAL OPERATIONS OF THE SCHOOL BASED ON DONOR STIPULATIONS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE ORGANIZATION 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 ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR 2011, 2010, AND 2009 REMAIN SUBJECT TO EXAMINATION BY THE IRS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF SWAP AGREEMENT -750,040. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -8,465. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 1,954. AMORTIZATION OF DISCOUNT ON SPLIT-INTEREST ARRANGEMENTS 4,841. ENDOWMENT RETURN -622,385. TOTAL TO SCHEDULE D, PART XI, LINE 8: -1,374,095. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID -2,379,665. CHANGE IN VALUE OF SWAP AGREEMENT -750,040. AMORTIZATION OF DISCOUNT ON SPLIT-INTEREST ARRANGEMENTS 4,841. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -8,465. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 1,954. ENDOWMENT RETURN -622,385. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | COST OF GOODS SOLD -94,270. RENTAL EXPENSES NETTED WITH RENTAL INCOME -21,929. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 94,270. RENTAL EXPENSES NETTED WITH RENTAL INCOME 21,929. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 2,379,665. |
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 SCHOOL'S NON DISCRIMINATORY POLICY WAS PUBLISHED IN LOCAL PAPERS IN A SHARED ADD WITH OTHER LOCAL INDEPENDENT SCHOOLS. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | CHESTNUT HILL ACADEMY ANNUALLY RECEIVES A GRANT FROM THE STATE OF PENNSYLVANIA FOR THE PURCHASE OF TEXT BOOKS AND OTHER EDUCATION SUPPLIES. THE STATE DIRECTLY PURCHASES THESE ITEMS BASED ON AN APPLICATION SENT IN BY CHESTNUT HILL ACADEMY. |
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 | FINANCIAL AID FOR TUITION | TypeOfGrant |
| Number Of Recipients | 182 | NumberOfRecipients |
| Amount Of Cash Grant | 2379665 | 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: CHESTNUT HILL ACADEMY SUBSCRIBES TO THE NAIS PRINCIPLES OF GOOD PRACTICE IN FINANCIAL AID ADMINISTRATION AND HAS INCORPORATED THESE INTO ITS SCHOOL-WIDE FINANCIAL AID POLICY. THIS POLICY 1) SUPPORTS CHESTNUT HILL'S COMMITMENT TO ACCESS AND DIVERSITY; 2) ENABLES CHESTNUT HILL TO ENROLL THE BEST AND BRIGHTEST OF ITS APPLICANTS REGARDLESS OF NEED; 3) ENABLES CHESTNUT HILL TO MAINTAIN AND INCREASE ENROLLMENT DURING A PERIOD OF ECONOMIC UNCERTAINTY AND INTENSE COMPETITION AMONG SCHOOLS. 1) A FINANCIAL AID BUDGET IS SET EACH YEAR BY THE TRUSTEES OF CHESTNUT HILL ACADEMY USING INCOME FROM ENDOWED FUNDS AND OPERATING REVENUE. IN SETTING THE BUDGET, THE BOARD CONSIDERS THE LEVEL OF NEED ALREADY EXISTING IN THE SCHOOL BASED ON THE PREVIOUS YEAR'S ALLOCATIONS, AS WELL AS PROPOSED TUITION INCREASES. 2) CHESTNUT HILL STRIVES THROUGH ITS PUBLICATIONS AND FACE-TO-FACE CONTACTS TO PUBLICIZE AND EXPLAIN ITS FINANCIAL AID PROGRAM AND TO DISCLOSE ALL INFORMATION PERTAINING TO THE COST OF A CHESTNUT HILL EDUCATION. 3) ALLOCATION OF FINANCIAL AID FUNDS IS CARRIED OUT BY A COMMITTEE OF ADMISSION OFFICERS AND THE DIRECTOR OF FINANCE AND OPERATIONS; FILES ARE MAINTAINED BY THE ADMISSIONS ASSISTANT. 4) CHESTNUT HILL DOES NOT DISCRIMINATE IN ITS FINANCIAL AID ALLOCATIONS ON THE BASIS OF RACE, COLOR, RELIGION OR NATIONAL ORIGIN; CHESTNUT HILL DOES NOT USE FINANCIAL NEED AS A CONSIDERATION IN DETERMINING A STUDENT'S ELIGIBILITY FOR ADMISSION; THE SCHOOL USES A UNIFORM METHODOLOGY TO ASSESS ANNUALLY, IN A CONSISTENT AND EQUITABLE MANNER, EACH FAMILY'S ABILITY TO PAY FOR EDUCATION. A) CHESTNUT HILL RECOGNIZES THAT PRIMARY RESPONSIBILITY FOR FINANCING A STUDENT'S EDUCATION RESTS WITH THE FAMILY, AND THAT THE FAMILY WILL HAVE SOUGHT FUNDS FROM ALL SOURCES INCLUDING EMPLOYMENT, RELATIVES, ASSETS, AND THE ELLIS FOUNDATION (IF ELIGIBLE) IN ADDITION TO SEEKING AID FROM CHESTNUT HILL. B) ASSESSMENT OF NEED IS DETERMINED BY THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS) IN PRINCETON, NEW JERSEY, FOLLOWING THE FAMILY'S SUBMISSION OF A COMPLETED PARENTS' FINANCIAL STATEMENT, SUPPLEMENTED BY A COPY OF THE MOST RECENT IRS 1040 FORM AND A RECENT PAYSTUB TO VERIFY EARNINGS. ASSESSMENT OF NEED MAY REQUIRE FURTHER VERIFICATION. NO FINANCIAL AID AWARD WILL EXCEED A FAMILY'S DEMONSTRATED NEED. C) IN AWARDING AID, THE COMMITTEE TAKES INTO ACCOUNT THE NUMBER, AGES AND SCHOOLS OF CHILDREN, ADDITIONAL DEPENDENTS, ALL SOURCES OF INCOME INCLUDING THE STUDENT'S OWN INCOME, DEBTS AND UNUSUAL EXPENSES, SPENDING PRIORITIES, AND WHETHER A SECOND WORKING PARENT IS CONTRIBUTING TO FAMILY INCOME WHERE POSSIBLE. D) IN CASES OF DIVORCE OR SEPARATION, CHESTNUT HILL REQUIRES A COMPLETED PARENTS' FINANCIAL STATEMENT FROM THE NON-CUSTODIAL PARENT, WHETHER OR NOT THE NON-CUSTODIAL PARENT SHARES IN THE COST OF EDUCATION. IF THE STUDENT RESIDES WITH A STEP-PARENT, CHESTNUT HILL REQUIRES A PFS FROM THE STEP-PARENT. 5) CHESTNUT HILL STRIVES TO MAKE AWARDS AS CLOSE TO DEMONSTRATED NEED (BASED ON THE PFS) AS POSSIBLE, BUT ALSO EXPECTS THAT EACH FAMILY WILL CONTRIBUTE AN APPROPRIATE PORTION OF TUITION AND FEES. A) EXCEPTIONS TO THIS ARE THE SPECIALLY ENDOWED NEIGHBORHOOD SCHOLARSHIP COMPETITION WINNERS IN GRADES SIX AND UP, WHOSE AID MAY CONSIST OF FULL TUITION, AS LONG AS THERE IS DEMONSTRATED FULL NEED. 6) AWARDS ARE MADE ON A ONE-YEAR BASIS AND REQUIRE RE-APPLICATION EVERY YEAR. FAMILIES ALREADY IN THE SCHOOL HAVE PRIORITY OVER NEW FAMILIES, AS LONG AS THEY MEET THE APPLICATION DEADLINE. CHESTNUT HILL IS COMMITTED TO SUPPORTING A STUDENT THROUGH GRADUATION AT THE SAME LEVEL OF FUNDING UNLESS THERE IS A CHANGE IN FINANCIAL CIRCUMSTANCES. A) AN AWARD IS CONTINGENT UPON THE FAMILY'S MEETING ITS FINANCIAL OBLIGATION TO CHESTNUT HILL FOR THE CURRENT YEAR. B) CHESTNUT HILL DOES NOT SET DIFFERENT STANDARDS OF BEHAVIOR OR ACADEMIC PERFORMANCE FOR FINANCIAL AID RECIPIENTS; HIGH ACADEMIC STANDARDS AND EXEMPLARY CITIZENSHIP ARE EXPECTED OF ALL STUDENTS. HOWEVER, STUDENTS ON ACADEMIC OR DISCIPLINARY PROBATION MAY LOSE THEIR ELIGIBILITY FOR FINANCIAL AID, AT THE DISCRETION OF THE HEAD OF SCHOOL. 7) CHESTNUT HILL HAS A FORMAL REVIEW PROCEDURE FOR FAMILIES WHO WISH TO REQUEST ADDITIONAL FUNDING, WHICH REQUIRES A WRITTEN APPEAL AND A SECOND MEETING OF THE FINANCIAL AID COMMITTEE. 8) CHESTNUT HILL SAFEGUARDS THE CONFIDENTIALITY OF ALL FINANCIAL INFORMATION SUPPLIED BY A FAMILY, AND SHALL REFRAIN FROM AND DISCOURAGE OTHERS FROM MAKING ANY PUBLIC ANNOUNCEMENT OF THE AMOUNT OF FINANCIAL AID AWARDED TO A STUDENT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| 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 (3 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FRANCIS P STEEL JR | |||||||||||||
| 255452 | 0 | 0 | 0 | 0 | 0 | 22000 | 0 | 15664 | 0 | 293116 | 0 | 0 | 0 |
| PRISCILLA SANDS | |||||||||||||
| 0 | 554682 | 0 | 0 | 0 | 0 | 0 | 18437 | 0 | 6190 | 0 | 579309 | 0 | 0 |
| FRANK V ALOISE JR | |||||||||||||
| 0 | 181410 | 0 | 0 | 0 | 0 | 0 | 9512 | 0 | 18753 | 0 | 209675 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | THE SCHOOL PROVIDES A PERSONAL RESIDENCE FOR THE HEADMASTER. IN ADDITION, THE SCHOOL PAID DUES FOR THE PHILADELPHIA CRICKET CLUB. BOTH BENEFITS ARE MANDATORY PER THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT AND ARE CONSIDERED NECESSARY DUE TO THE AMOUNT OF BUSINESS-RELATED ENTERTAINING AND DEVELOPMENT PERFORMED BOTH ON AND OFF-SITE. THESE BENEFITS ARE NOT INCLUDED AS TAXABLE COMPENSATION. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT | |||||||
| 232237287 | 717818Q50 | 2005-12-08 | 8000000 | ACQUISITION, CONSTRUCTION, RENOVATION AND FURNISHING OF SCHOOL FACILITIES | 0 | 0 | 0 |
| PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT | |||||||
| 232237287 | 7178182N7 | 2007-12-06 | 8000000 | ACQUISITION, CONSTRUCTION, RENOVATION AND FURNISHING OF SCHOOL FACILITIES | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|
| 1000000 | 8000000 | 131871 | 7868129 | 2006 | 0 | 0 | 1 | 1 |
| 600000 | 8000000 | 162750 | 7837250 | 2009 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| 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 | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 1 | 0 | 0 | 0 | 0 |
| 0 | 1 | 0 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fed Tax Requirements Compliance | X | FedTaxRequirementsCompliance |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 58896 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 57222 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | THE SCHOOL INTRODUCED A NEW COMPONENT TO ITS TRADITIONAL, RIGOROUS COLLEGE PREP PROGRAM UNDER THE NAME OF THE CENTER FOR ENTREPRENEURIAL LEADERSHIP (CEL). CEL COMPRISES SEVEN "STRANDS" OF LEARNING: THE ART OF COMMUNICATION, LEADERSHIP, ENTREPRENEURSHIP, ENGINEERING/NEW MEDIA, STATISTICS, ETHICS, AND GLOBAL IMMERSION. THESE STRANDS ARE BEING INFUSED THROUGHOUT THE SCHOOL'S CURRICULUM, PRE-K - 12, CULMINATING IN A SERIES OF UPPER SCHOOL REQUIRED AND ELECTIVE COURSES SPECIFICALLY FOCUSED ON THE STRAND TOPICS. THE GOAL OF THIS CURRICULUM IS TO HELP STUDENTS DEVELOP THE SKILLS AND ATTITUDES THEY WILL NEED TO SUCCEED IN THE 21ST CENTURY WORKPLACE. |
| CHANGES IN PROGRAM SERVICES | FORM 990, PART III, LINE 3 | THE SCHOOL HAS RE-ENVISIONED HOW IT DELIVERS EDUCATION, MOVING TOWARD A MORE STUDENT-CENTERED APPROACH TO LEARNING, IN WHICH STUDENTS ARE GIVEN THE FREEDOM TO PURSUE, INTERPRET, AND EXPRESS THEIR LEARNING IN THE WAYS AND CONTEXTS THAT ARE MOST MEANINGFUL TO THEM. PROJECT-BASED LEARNING, DESIGN THINKING (HUMAN-CENTERED PROBLEM SOLVING), AND ENTREPRENEURSHIP FORM THE THREE LEGS OF THIS NEW APPROACH, WHICH INFORMS THE CEL CURRICULUM AS WELL AS TEACHING IN THE TRADITIONAL SUBJECTS. |
| FORM 990, PART VI, SECTION A, LINE 2 | FRANCIS P. STEEL JR, HEADMASTER, IS THE BROTHER-IN-LAW OF JAMES M. TALBOT II, BOARD MEMBER. HENRY O'REILLY, BOARD MEMBER AND SUZY O'REILLY, BOARD MEMBER ARE HUSBAND AND WIFE. TOM FERRARO, BOARD MEMBER AND RUTHIE FERRARO, BOARD MEMBER ARE HUSBAND AND WIFE. | |
| FORM 990, PART VI, SECTION A, LINE 4 | CHESTNUT HILL ACADEMY AND SPRINGSIDE SCHOOL ADOPTED A PLAN OF MERGER WHICH INCLUDED EACH SCHOOL'S ADOPTION OF THE OTHER EDUCATIONAL INSTITUTION'S BY-LAWS. THE NEW ORGANIZATION HAS BEEN CALLED SPRINGSIDE CHESTNUT HILL CORPORATION. THE SCHOOL WILL BE KNOWN AS SCH ACADEMY. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS INITIALLY REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE CHAIR OF THE BOARD. AN ELECTRONIC VERSION IS THEN PROVIDED TO THE VOTING MEMBERS OF SPRINGSIDE'S BOARD OF TRUSTEES FOR THEIR REVIEW BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTERESTS ON A YEARLY BASIS. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPRESSLY MENTIONED IN THE STATEMENT. THE STATEMENTS ARE COLLECTED, REVIEWED AND RETAINED BY THE CHIEF FINANCIAL OFFICER. ANY POTENTIAL OR ACTUAL CONFLICTS WILL BE REVIEWED BY THE BOARD. INTERESTED PARTIES TO THE CONFLICT ABSTAIN FROM ANY DISCUSSIONS OR DECISIONS INVOLVING THE CONFLICT. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSEEING THE IMPLEMENTATION AND EXECUTION OF ALL HUMAN RESOURCES POLICIES, INCLUDING COMPENSATION. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE OFFICERS' COMPENSATION USING COMPARABLE COMPENSATION DATA TO ENSURE ALL OFFICERS' COMPENSATION IS WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. THE COMPENSATION COMMITTEE THEN MAKES RECOMMENDATIONS TO THE GOVERNANCE COMMITTEE WITH RESPECT TO OFFICERS' COMPENSATION. DURING THE CURRENT YEAR, THE COMPENSATION AND GOVERNANCE COMMITTEES REVIEWED THE COMPENSATION FOR OFFICERS AND, AS PART OF THE PROCESS, REVIEWED COMPARABLE COMPENSATION DATA FOR SCHOOLS IN CHA'S PEER GROUP (INCLUDING LOCAL SCHOOLS AND SCHOOLS IN THE MID-ATLANTIC REGION). THE GOVERNANCE COMMITTEE MADE DETERMINATIONS BASED ON THIS REVIEW. IN ADDITION, THE PRESIDENT USES LOCAL, REGIONAL AND NATIONAL ORGANIZATION COMPARATIVES TO DETERMINE KEY EMPLOYEES' SALARIES. THESE ORGANIZATIONS INCLUDE, BUT ARE NOT LIMITED TO, PASBOA, NAIS AND NBOA. ALL DISCUSSIONS ARE DOCUMENTED IN COMMITTEE MINUTES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE WHEN REQUESTED. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -72,343. CHANGE IN VALUE OF SWAP AGREEMENT -750,040. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -8,465. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 1,954. AMORTIZATION OF DISCOUNT ON SPLIT-INTEREST ARRANGEMENTS 4,841. ENDOWMENT RETURN -622,385. TOTAL TO FORM 990, PART XI, LINE 5: -1,446,438. |
| AUDIT OVERSIGHT: | FORM 990, PAGE 12, PART XII, LINE 2C | THE AUDIT COMMITTEE OVERSEES THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. |
| HOURS WORKED FOR RELATED ORGANIZATIONS: | FORM 990, PAGE 7, PART VII, COLUMN B | BOTH PRISCILLA SANDS AND FRANK ALOISE, AS PRESIDENT AND CHIEF FINANCIAL OFFICER, RESPECTIVELY, PERFORM SERVICES FOR THE ORGANIZATION AND ITS RELATED ENTITY. IT IS ESTIMATED THAT EACH DEVOTES APPROXIMATELY 25 HOURS TO EACH ORGANIZATION ON A WEEKLY BASIS. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| SPRINGSIDE CHESTNUT HILL CORPORATION | ||||||||||
| WILLOW GROVE AVENUE CHEROKEE STREET | PHILADELPHIA | PA | 19118 | 232003194 | FINANCIALLY SUPPORT EDUCATION FOR THE BENEFIT OF SPRINGSIDE AND CHA | PA | 501(C)(3) | LINE 11A, I | NONE | 0 |
| SPRINGSIDE SCHOOL | ||||||||||
| 8000 CHEROKEE STREET | PHILADELPHIA | PA | 19118 | 231352681 | EDUCATION | PA | 501(C)(3) | LINE 2 | NONE | 0 |
| 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 |
| 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 | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | 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 | 0 | OtherTransferFromOtherOrg |