2013-05-09T15:50:14-05:00 2012-06-30 510380493 WHEELER WOLFENDEN & DWARES PA 4550 NEW LINDEN HILL ROAD STE 201 WILMINGTON DE 19808 990 2011-07-01 231433899 THE ACADEMY OF THE NEW CHURCH ACAD 2159474200 P O BOX 711 PITCAIRN HALL BRYN ATHYN PA 19009 DUANE HYATT 2159474200 2013-05-08 1 CAROL DILUZIO CPA P01549768 3022548240 2011 2016-02-25 16:41:14Z DUANE HYATT P O BOX 711 PITCAIRN HALL BRYN ATHYN PA 19009 86630230 0 X ANCSS.ORG, BRYNATHYN.EDU, OUROWNACADEMY.ORG, GLEN X 1876 PA THE MISSION OF THE ACADEMY IS TO STUDY AND TEACH THE TRUTHS OF THE NATURAL AND SPIRITUAL WORLDS IN THE LIGHT OF THE OLD TESTAMENT, THE NEW TESTAMENT, AND THE WRITINGS OF EMANUEL SWEDENBORG. THIS IS DONE AT THE ACADEMY OF THE NEW CHURCH SECONDARY SCHOOLS, BRYN ATHYN COLLEGE AND THE ACADEMY OF THE NEW CHURCH THEOLOGICAL SCHOOL. 24 19 560 180 983388 0 10490058 7275575 10146783 11351014 8416804 9933769 -21299 -174563 29032346 28385795 4406636 5288996 0 0 14738907 13786446 0 0 232246 19834131 17934571 38979674 37010013 -9947328 -8624218 412463394 384832499 86686730 86056935 325776664 298775564 X THE MISSION OF THE ACADEMY IS TO STUDY AND TEACH THE TRUTHS OF THE NATURAL AND SPIRITUAL WORLDS IN THE LIGHT OF THE OLD TESTAMENT, THE NEW TESTAMENT, AND THE WRITINGS OF EMANUEL SWEDENBORG. THIS IS DONE AT THE ACADEMY OF THE NEW CHURCH SECONDARY SCHOOLS, BRYN ATHYN COLLEGE AND THE ACADEMY OF THE NEW CHURCH THEOLOGICAL SCHOOL. 0 0 8467157 1513206 2317974 THE ACADEMY OF THE NEW CHURCH SECONDARY SCHOOLS IS A MISSION-DRIVEN, ACCREDITED, PRIVATE GIRLS SCHOOL AND BOYS SCHOOL PROVIDING 9TH - 12TH GRADE EDUCATION. OUR SELF-MOTIVATED STUDENTS ARE INTERESTED IN AN ACADEMIC APPROACH THAT COMBINES RIGOROUS COURSE WORK WITH A UNIQUELY CHRISTIAN EDUCATION.OUR CURRICULUM IS INSPIRED BY THE NEW CHURCH AND ITS FUNDAMENTAL VALUES. EVERY COURSE CHALLENGES STUDENTS TO FIND A SENSE OF PURPOSE.OUR ACADEMIC COURSES ARE RIGOROUS AND PROVIDE STUDENTS WITH A STRONG FOUNDATION FOR THEIR FUTURES. EACH COURSE INTEGRATES SPIRITUAL LESSONS WITH THE ACADEMIC SUBJECT MATTER, ENABLING STUDENTS TO DEVELOP BOTH MORALLY AND INTELLECTUALLY.OUR CORE PURPOSE IS TO PREPARE OUR STUDENTS FOR A PRINCIPLED AND USEFUL LIFE IN THIS WORLD AND THE NEXT. WE SUPPORT OUR CORE PURPOSE BY ENSURING THAT OUR CORE VALUES ARE ALWAYS A PART OF OUR EFFORTS:1) THE HEAVENLY DOCTRINES GUIDE US AND ARE THE FOUNDATION OF OUR PROGRAMS.2) WE PREPARE OUR STUDENTS TO GROW SPIRITUALLY, MORALLY, ACADEMICALLY, PHYSICALLY, SOCIALLY, AND ARTISTICALLY.3) WE HONOR AND NURTURE THE UNIQUE AND COMPLEMENTARY NATURE OF THE SEXES.4) WE ARE PASSIONATE ABOUT PROMOTING WHAT IS BEST FOR EACH STUDENT.5) WE ENGAGE OUR STUDENTS IN LIVES OF SOCIAL RESPONSIBILITY.KEEPING OUR CORE PURPOSE AND CORE VALUES IN MIND, OUR GOAL IS TO BECOME THE RECOGNIZED MODEL IN SECONDARY EDUCATION, LEADING THE WAY IN THE INTEGRATION OF NATURAL AND SPIRITUAL KNOWLEDGE AND COMPLEMENTARY GENDER EDUCATION. BECAUSE WE HAVE AN AVERAGE CLASS SIZE OF 12 STUDENTS AND AN 8:1 STUDENT-TEACHER RATIO, STUDENTS RECEIVE SIGNIFICANT INDIVIDUAL ATTENTION. EACH OF OUR APPROXIMATELY 200 STUDENTS HAS AN ACADEMIC ADVISOR AND ACCESS TO OUR COLLEGE AND CAREER COUNSELOR, OUR CHAPLAIN AND PASTORAL STAFF, AND OUR INDEPENDENT PERSONAL COUNSELOR. OUR GRADUATES CONSISTENTLY EXCEL IN THEIR CHOSEN PATH AND WE ARE PROUD OF THE DIFFERENCE THEY ARE MAKING IN THE WORLD. FULL-TIME FACULTY MEMBERS ARE EXPECTED TO HAVE A MASTER'S DEGREE OR TO BE WORKING TOWARD ONE AND WE PROVIDE FOR THE ONGOING PROFESSIONAL DEVELOPMENT OF OUR TEACHERS. OUR STAFF MAKES A DIFFERENCE IN THE LIVES OF OUR STUDENTS EVERY DAY. 14146782 3532698 5044630 FOUNDED IN 1877, BRYN ATHYN COLLEGE IS A COEDUCATIONAL, CHRISTIAN, LIBERAL ARTS COLLEGE, DEDICATED TO HELPING STUDENTS PREPARE FOR LIVES OF MEANINGFUL SERVICE. WE OFFER ACADEMIC PROGRAMS EASILY TAILORED TO MEET THE NEEDS OF OUR STUDENTS. OUR EDUCATIONAL APPROACH INCORPORATES EXPERIENTIAL LEARNING-THROUGH SERVICE LEARNING, INTERNSHIPS, AND INTERNATIONAL EXPERIENCES. WHILE OUR PERSPECTIVE IS GLOBAL, REFLECTING THE INCLUSIVE, SERVICE-ORIENTED CHRISTIANITY TAUGHT IN THE THEOLOGICAL WRITINGS OF EMANUEL SWEDENBORG, OUR EDUCATIONAL METHODS ARE PERSONAL, FOCUSED ON YOUR UNIQUE LEARNING STYLE AND SPECIAL TALENTS. OUR CAMPUS IS LOCATED IN BEAUTIFUL BRYN ATHYN, PENNSYLVANIA, JUST 15 MILES FROM CENTER CITY PHILADELPHIA. SOME FACTS ABOUT THE COLLEGE:1) OUR MISSION: BRYN ATHYN COLLEGE OF THE NEW CHURCH SERVES AS AN INTELLECTUAL CENTER FOR ALL WHO DESIRE TO PURSUE A HIGHER EDUCATION IN THE LIBERAL ARTS AND SCIENCES, ENRICHED AND STRUCTURED BY THE OLD AND NEW TESTAMENTS AND THE WRITINGS OF EMANUEL SWEDENBORG. THE PURPOSE OF THIS EDUCATION IS TO ENHANCE STUDENTS' CIVIL, MORAL, AND SPIRITUAL LIFE, AS WELL AS TO CONTRIBUTE TO HUMAN SPIRITUAL WELFARE.2) LOCATION: THE SPACIOUS AND GREEN 130-ACRE CAMPUS IS LOCATED IN BRYN ATHYN, PENNSYLVANIA, JUST 15 MILES NORTHEAST OF CENTER CITY PHILADELPHIA.3) ENROLLMENT: 205 STUDENTS FROM 14 U.S. STATES AND 16 FOREIGN COUNTRIES.4) STUDENT-FACULTY RATIO: 7:15) ACADEMICS: MAJORS INCLUDE BIOLOGY, EDUCATION, ENGLISH, HISTORY, INTERDISCIPLINARY, PSYCHOLOGY, AND RELIGION.6) CAMPUS LIFE: 60% OF STUDENTS LIVE ON CAMPUS. IN ADDITION TO MEN'S AND WOMEN'S RESIDENCE HALLS, JUNIOR AND SENIOR STUDENTS CAN CHOOSE TO LIVE MORE INDEPENDENTLY IN ONE OF OUR APARTMENT-STYLE RESIDENCE COTTAGES OR SUITES.7) AVERAGE CLASS SIZE: 13 STUDENTS8) STUDENT PROFILE: TYPICAL BRYN ATHYN STUDENTS ARE BRIGHT, ETHICAL AND ENGAGED IN CAMPUS LIFE. THE PROFILE OF ENROLLING STUDENTS IS AS FOLLOWS: SAT MEDIAN (FOR CRITICAL READING AND MATHEMATICS) IS 1070. THE AVERAGE GPA OF AN INCOMING FRESHMAN IS 3.49, AND AN AVERAGE STUDENT'S ACT AVERAGE IS 21.9) RELIGIOUS AFFILIATION: BRYN ATHYN COLLEGE IS AFFILIATED WITH THE GENERAL CHURCH OF THE NEW JERUSALEM.10) SPIRITUALITY: AT BRYN ATHYN WE ENCOURAGE ALL OUR STUDENTS TO MAKE CONSCIOUS CHOICES AND LIVE A LIFE OF INTEGRITY, HONOR, AND COURAGE.11) ACCREDITATION: MIDDLE STATES COMMISSION ON HIGHER EDUCATION (WWW.MSCHE.ORG)12) FACILITIES: IN ADDITION TO ACADEMIC AND STUDENT LIFE BUILDINGS, OUR CAMPUS INCLUDES THE SWEDENBORG LIBRARY, GLENCAIRN MUSEUM (OUR CAMPUS MUSEUM), CAIRNWOOD ESTATE (A HISTORIC HOME), MITCHELL PERFORMING ARTS CENTER, AND THE DOERING CENTER, OUR NEW STATE-OF-THE-ART FACILITY FOR SCIENCE AND RESEARCH.13) ATHLETICS: WOMEN'S SPORTS: VOLLEYBALL, TENNIS, LACROSSE, CROSS COUNTRY, AND BASKETBALL. MEN'S SPORTS: ICE HOCKEY, SOCCER, TENNIS, LACROSSE, CROSS COUNTRY, AND BASKETBALL14) EXTRA-CURRICULAR ACTIVITIES: OUTING CLUB, STUDENT NEWSPAPER, STUDENT GOVERNMENT, INTERNATIONAL STUDENT ORGANIZATION, PLAYS AND MUSICALS, COMMUNITY SERVICE ORGANIZATION, AND MORE. 1758948 1734426 GLENCAIRN MUSEUM WAS ORIGINALLY FOUNDED IN 1878. THE CORE PURPOSE OF THE MUSEUM OF THE ACADEMY OF THE NEW CHURCH IS TO PROVIDE A DEEPER UNDERSTANDING OF RELIGION THROUGH CULTURAL EXPRESSIONS OF FAITH. SINCE 1982, THE MUSEUM HAS BEEN HOUSED IN GLENCAIRN, THE FORMER HOME OF RAYMOND AND MILDRED PITCAIRN. IN THE EARLY PART OF THE 20TH CENTURY RAYMOND PITCAIRN SUPERVISED THE CONSTRUCTION OF BRYN ATHYN CATHEDRAL. LATER, AS THE CATHEDRAL NEARED COMPLETION, HE BUILT GLENCAIRN, A "LITTLE CASTLE" FOR HIS FAMILY AND ART COLLECTION. TODAY GLENCAIRN IS KNOWN INTERNATIONALLY FOR ITS OUTSTANDING COLLECTION OF MEDIEVAL SCULPTURE AND STAINED GLASS, PURCHASED BY PITCAIRN AS INSPIRATIONAL MODELS FOR THE ARTISTS WHO WORKED ON THE CATHEDRAL. IN ADDITION TO MEDIEVAL, THE MUSEUM FEATURES ANCIENT EGYPTIAN, ANCIENT NEAR EASTERN, GREEK, ROMAN, AND ASIAN GALLERIES. GLENCAIRN MUSEUM IS ASSOCIATED WITH BRYN ATHYN COLLEGE, AND BELONGS TO THE BRYN ATHYN HISTORIC DISTRICT, RECENTLY DESIGNATED AS A NATIONAL HISTORIC LANDMARK. OUR EXHIBITIONS, PROGRAMS, AND PUBLICATIONS USE GLENCAIRN'S OUTSTANDING COLLECTION OF RELIGIOUS ART TO ILLUSTRATE THE RELIGIOUS TRADITIONS OF PEOPLE THROUGH THE AGES.IN 2008-9 GLENCAIRN OFFERED REGULAR GUIDED TOURS, CONCERTS, LECTURES, AND SPECIAL EVENTS FOR THE GENERAL PUBLIC. THE MOST IMPORTANT EVENT OF THE YEAR WAS A PUBLIC CELEBRATION HONORING THE SECRETARY OF THE INTERIOR'S DESIGNATION OF FOUR HISTORIC BUILDINGS - INCLUDING GLENCAIRN AND BRYN ATHYN CATHEDRAL - AS THE BRYN ATHYN HISTORIC LANDMARK DISTRICT. THE NATIONAL PARK SERVICE DEFINES NATIONAL LANDMARKS AS PLACES THAT "HAVE MEANING FOR ALL AMERICANS." THE BUILDINGS OF THE BRYN ATHYN HISTORIC DISTRICT WERE HONORED FOR THEIR USE OF UNIQUE DESIGNS, SYMBOLISM AND BUILDING MATERIALS-ALL OF THE HIGHEST NATIONAL ACHIEVEMENT. TOTAL ATTENDANCE AT PUBLIC TOURS AND EVENTS WAS 9,126.GLENCAIRN MUSEUM IS A POPULAR DESTINATION FOR SCHOOLS IN THE PHILADELPHIA AREA. WE OFFER PROGRAMS FOR ELEMENTARY, SECONDARY AND HOME SCHOOL GROUPS, AS WELL AS FOR COLLEGES AND UNIVERSITIES. IN PARTICULAR, GLENCAIRN IS AN UNPARALLELED EDUCATIONAL RESOURCE FOR BRYN ATHYN COLLEGE AND THE ACADEMY OF THE NEW CHURCH SECONDARY SCHOOLS. TEN FULL-CREDIT COURSES WERE TAUGHT BY BRYN ATHYN COLLEGE PROFESSORS IN THE MUSEUM'S CLASSROOMS AND GALLERIES. SEVEN COLLEGE STUDENTS PARTICIPATED IN GLENCAIRN'S POPULAR INTERNSHIP PROGRAM, AND OTHER STUDENTS PERFORMED PAID OR VOLUNTEER MUSEUM WORK IN A VARIETY OF CAPACITIES. TOTAL ATTENDANCE AT OUR SCHOOL RELATED PROGRAMS, CLASSES, COURSES, INTERNSHIPS, WORK AND VOLUNTEER OPPORTUNITIES WAS 9,527.ALTHOUGH STAFF NUMBERS VARY FROM YEAR TO YEAR, GLENCAIRN MUSEUM TYPICALLY HAS 8 FULL-TIME EMPLOYEES, A FEW MORE PART-TIMERS, AND 38 VOLUNTEERS. 1464076 1270596 MIXED USE FACILITIES 1464076 1270596 25836963 1 1 0 0 0 1 1 1 1 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 1 0 1 1 1 1 0 0 0 0 1 0 0 0 0 1 0 0 560 1 1 1 0 0 0 0 0 0 0 0 0 X 24 19 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X ACADEMY OF THE NEW CHURCH 2675022635 PO BOX 711 BRYN ATHYN PA 190090711 GREGG G ASPLUNDH 1.00 X 0 0 0 STEVEN G ASPLUNDH 1.00 X 0 0 0 JILL A BRICKMAN 1.00 X X 0 0 0 ERIN G BUSBY 1.00 X 0 0 0 ERIK J BUSS 1.00 X 0 0 0 CHARLES M COLE 1.00 X 0 0 0 JAMES P COOPER 1.00 X 0 0 0 NEIL GENZLINGER 1.00 X 0 0 0 LEONARD GYLLENHAAL 1.00 X 0 0 0 JOHN A KERN SECRETARY 1.00 X X 0 0 0 DAVID M KLOC 1.00 X 0 0 0 SUSAN J MCGRATH 1.00 X 0 0 0 NORMAN A NORTON 1.00 X 0 0 0 LAEL U ODHNER 1.00 X 0 0 0 LAIRD P PENDLETON 1.00 X 0 0 0 DUNCAN B PITCAIRN 1.00 X 0 0 0 JOSEPH D SECKELMAN III 1.00 X 0 0 0 JOHN F WALKO 1.00 X 0 0 0 THOMAS L KLINE 40.00 X 0 156870 20000 ERIC H CARSWELL 40.00 X 68352 0 43000 DANIEL T ALLEN 40.00 X 170406 0 7095 JAMES ADAMS 40.00 X 0 129612 17264 KRISTIN KING 40.00 X 168003 0 44816 TINA BARTELS 40.00 X 91139 0 14622 CHRISTOPHER CARTER 40.00 X 174095 0 57231 KAREN STOELLER 40.00 X 0 129945 2606 ALLEN J BEDFORD 40.00 X 104182 0 13736 ANDREW SULLIVAN 40.00 X 117623 0 13184 CHARLES LINDSAY 40.00 X 102712 0 6069 996512 416427 239623 10 0 1 0 WHITING-TURNER CONTRACTING COMPANY PO BOX 17596 BALTIMORE MD 21297 GENERAL CONTRACTOR 2456421 SODEXO PO BOX 905374 CHARLOTTE NC 28290 MAINTENANCE CONTRACTOR 2156094 BRICKMAN GROUP LTD 3630 SOLUTIONS CENTER CHICAGO IL 606773006 GROUNDS MAINTENANCE 723918 NORTHERN TRUST COMPANY 50 SOUTH LASALLE STREET CHICAGO IL 60675 INVESTMENT MANAGEMENT 605000 GURNEY-KERR CONTRACTORS INC 1634 BYBERRY ROAD HUNTINGDON VALLEY PA 19006 GENERAL CONTRACTOR 511507 5 30600 1354266 5890709 1153318 7275575 STUDENT TUITION FEES 611600 6555957 6555957 AUXILIARY ENTERPRISES 611710 2917321 2917321 HOSPITALITY & CONFEREN 721000 983388 983388 MISCELLANEOUS 611710 894348 894348 11351014 9829968 9829968 87057 264641 -177584 -177584 -177584 58018823 57915022 103801 103801 103801 67793 30600 64772 3021 3021 28385795 10367626 983388 9759206 5288996 5288996 1509998 1007974 482455 19569 8805438 5786642 2897315 121481 870928 870928 1929046 1036643 861437 30966 671036 434725 226833 9478 79622 5978 73644 42500 42500 619040 430567 183537 4936 678660 22240 644583 11837 5116882 4484619 632263 279206 163550 114718 938 115003 18599 96087 317 2534702 2534702 4533811 3948713 579644 5454 75654 52425 23229 FOOD SERVICE 946983 946983 0 0 PRINTING & PUBLICATIONS 204935 30675 166735 7525 TELEPHONE 124946 83161 41112 673 EQUIPMENT RENTAL & MAIN 109354 103681 5377 296 2473273 1119864 1334633 18776 37010013 25836963 10940804 232246 2633 2250 4319920 5579653 1736572 783494 1195043 1376664 135642 124384 451384 497138 110860 179208 253587 191433 182332882 32269194 152665854 150063688 251022573 225501493 569326 533094 412463394 384832499 1710909 1680730 572969 623851 173635 119934 54987512 52082512 29241705 31549908 86686730 86056935 X 189170520 180411867 119726133 101631884 16880011 16731813 325776664 298775564 412463394 384832499 X -8624218 -18376882 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 90000 2024817 1 1 X X X 1 18.50 0 0 0 1 1 0.00 0 X X X X 0 0 1 247859447 16402 -14901103 11336402 221638344 227027729 1560733 36781718 17510733 247859447 229960632 15779 21199339 24148021 227027729 302815162 1256760 -74111290 229960632 0.50420 0.07550 0.42030 0 0 4331212 5966151 10297363 104573957 15283421 89290536 26840770 3380954 23459816 15768852 9275820 6493032 24851940 4328999 20522941 150063688 NEW CHURCH INVESTMENT FUND 143042689 F EQUITY SECURITIES 27587857 F OTHER INVESTMENTS 436066 F INVESTMENTS HELD UNDER PLANNED GIVING AGREEMENTS 3427081 F FIXED INCOME AND SHORT TERM INVESTMENTS 51007800 F 225501493 OTHER LIABILITIES UNDER PLANNED GIVING AGREEMENTS 704287 ACCRUED BENEFITS LIABILITY 22750753 CURRENT VALUE OF DERIVATIVE INSTRUMENT 8094868 31549908 28385795 37010013 -8624218 -15052385 -3324497 -18376882 -27001100 4963009 -15052385 -3324497 -18376882 23339891 5045904 5045904 28385795 31964109 0 31964109 5045904 5045904 37010013 EXPLANATION OF CHANGES TO CONSERVATION EASEMENTS: PART II, LINE 3: THE POLICIES AND PROCEDURES ARE FROM THE PENNYPACK ECOLOGICAL RESTORATION TRUST. DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE ACADEMY OWNS REAL ESTATE HELD AS INVESTMENT PROPERTY WHICH CONTAINS A CONSERVATION EASEMENT. PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY INSTITUTIONS, THE FINANCIAL STATEMENTS EXCLUDE THE VALUE OF THE PAINTINGS, RARE BOOKS, ANTIQUES, SCULPTURES AND OTHER OBJECTS OF ART DONATED TO THE ACADEMY, AND NO DETERMINATION HAS BEEN MADE AS TO THE AGGREGATE VALUE OF SUCH ITEMS. PART III, LINE 4: SEE FORM 990, PART III, ITEM 4C FOR DESCRIPTION OF ORGANIZATION'S COLLECTS AND EXPLANATION OF HOW THEY FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. PART IV, LINE 2B: THE ACADEMY HOLDS FUNDS IN CASH ACCOUNTS THAT WERE COLLECTED BY AND BELONG TO VARIOUS STUDENT ORGANIZATIONS WITHIN THE ACADEMY. THE FUNDS ARE USED TO SUPPORT A VARIETY OF STUDENT ACTIVITIES, DEPENDING ON THE PURPOSE OF THE COLLECTION. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO SUPPORT OPERATIONS AND SCHOLARSHIPS. CERTAIN FUNDS MAY BE USED FOR CAPITAL PROJECTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ACADEMY IS EXEMPT FROM INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY ADOPTED ASC 740-10, INCOME TAXES, AS IT RELATES TO UNCERTAIN TAX POSITIONS. MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST FEDERAL INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW AND REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF A RESPECTIVE GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT. ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. CURRENTLY, THE 2008, 2009 AND 2010 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE ACADEMY IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ACADEMY BEEN CONTACTED BY THIS JURISDICTION. THERE WAS NO INTEREST OR PENALTY RELATED TO INCOME TAXES INCLUDED IN THE ACADEMY'S FINANCIAL STATEMENTS FOR 2012 AND 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACCUMULATED PENSION ADJUSTMENT -7,384,946. CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS -789,245. DEPRECIATION OF DERIVATIVE INSTRUMENT -1,912,225. ADJUSTMENT FOR BENEFIT OBLIGATION 6,761,919. TOTAL TO SCHEDULE D, PART XI, LINE 8: -3,324,497. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT FOR MINIMUM PENSION LIABILITY -7,384,946. ADJUSTMENT FOR BENEFIT OBLIGATION 6,761,919. DEPRECIATION OF DERIVATIVE INSTRUMENT -1,912,225. CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS -789,245. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND ALLOCATIONS 5,045,904. PART XIII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND ALLOCATIONS 5,045,904. 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 POLICY IS PUBLISHED ON THE WEBSITE, IN AN INTERNATIONAL MAGAZINE AND IN A LOCAL MAGAZINE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 FEDERAL DIRECT STUDENT LOANS $ 764,323 FEDERAL PELL GRANT PROGRAM 305,730 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 5,194 TOTAL GOVERNMENT AID $ 1,075,247 AUCTION 20798 20798 2588 GOLF TOURNAMENT 52340 27600 24740 25807 4 25255 3000 22255 36377 98393 30600 67793 64772 64772 3021 1 BRYN ATHYN COLLEGE AND THEOLOGICAL SCHOOL SCHOLARSHIPS, FINANCIAL AID, AND MUSIC FUND 768 3535866 ACADEMY OF THE NEW CHURCH SCHOLARSHIPS 256 1513206 RESEARCH GRANTS 16 149924 INSTITUTIONAL GRANTS 15 90000 SCHOLARSHIPS AND FINANCIAL AID ARE BASED ON APPLICATION PROCESS, EXPECTED FAMILY CONTRIBUTIONS AND COST OF TUITION. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 THOMAS L KLINE 0 156870 0 0 0 0 0 24630 0 34367 0 215867 0 0 DANIEL T ALLEN 170406 0 0 0 0 0 11550 0 14538 0 196494 0 0 0 JAMES ADAMS 0 129612 0 0 0 0 0 7550 0 15152 0 152314 0 0 KRISTIN KING 168003 0 0 0 0 0 22605 0 22211 0 212819 0 0 0 CHRISTOPHER CARTER 174095 0 0 0 0 0 22454 0 34777 0 231326 0 0 0 PART I, LINE 1A OCCASIONALLY, IT MAY BE APPROPRIATE FOR AN OFFICER TO BE REIMBURSED FOR TRAVEL EXPENSES OF A SPOUSE, TRAVELING WITH HIM/HER TO ADVANCE CHURCH OR SCHOOL BUSINESS. REASONS FOR THE SPOUSAL TRAVEL AND ITS CONNECTION TO THE CHURCH OR SCHOOL BUSINESS SHOULD BE CONTEMPORANEOUSLY DOCUMENTED AND SUBMITTED ALONG WITH THE REQUEST FOR REIMBURSEMENT OF THE EXPENSE OR THE SUBSTANTIATION OF THE EXPENSE CHARGED TO A CHURCH OR SCHOOL CREDIT CARD. MONTGOMERY COUNTY (PA) INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 2010-12-23 9000000 ACQUISITION, CONSTRUCTION AND INSTALLATION OF NEW DORMITORIES 0 0 0 9000000 140000 8860000 2025 1 0 1 1 0 0 0 0 1 0 1 0 0 0 0 REV ERIC H CARSWELL VARIOUS X 3472 0 0 1 TINA BARTELS VARIOUS X 20300 0 0 1 REV ANDREW DIBB VARIOUS X 9305 0 0 1 JEREMY IRWIN VARIOUS X 7620 0 0 1 STEFANIE NILES MORTGAGE ASSISTANCE X 198000 83687 0 0 1 124384 SCOTT BRICKMAN FORMER BOARD MEMBER, EMPLOYED BY/OWNS A BENEFICIAL INTEREST IN BRICKMAN GRO 916620 SHAREHOLDER OF BRICKMAN GROUP - PAYMENTS MADE TO BRICKMAN GROUP 0 SUSAN MCGRATH BOARD MEMBER AND OWNERSHIP INTEREST IN BRICKMAN GROUP 916620 SHAREHOLDER OF BRICKMAN GROUP - PAYMENTS MADE TO BRICKMAN GROUP 0 MARK ADAMS SON OF EX-OFFICIO/MANAGING DIRECTOR, JIM ADAMS 48000 EMPLOYED IT STAFF 0 LISA ADAMS SISTER-IN-LAW OF EX-OFFICIO/MANAGING DIRECTOR, JIM ADAMS 44166 EMPLOYED CAIRNWOOD STAFF 0 MARTHA GYLLENHAAL SISTER OF TRUSTEEE, LEONARD GYLLENHAAL 86878 EMPLOYED COLLEGE FACULTY 0 KAYE LERMITTE SISTER OF TRUSTEEE, DIRK JUNGE 36000 EMPLOYED DEVELOPMENT STAFF 0 JENNIFER ALLEN WIFE OF OFFICER/TRUSTEE, DANIEL ALLEN 35438 EMPLOYED SECONDARY SCHOOL RECUITING STAFF 0 GRANT ODHNER FATHER OF TRUSTEE, LAEL ODHNER 82549 EMPLOYED BRYN ATHYN COLLEGE 0 SHANNON WALKO WIFE OF TRUSTEE, JOHN WALKO 45000 EMPLOYED CAIRNWOOD STAFF 0 X 11 1153318 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TRACY MCCARDELL IS THE DAUGHTER OF BILL MCCARDELL. BOB BRADIN WORKS AT INNATECH, IN WHICH BILL MCCARDELL IS AN OWNER. BILL MCCARDELL AND ALAN ELDER HAVE OWNERSHIP INTERESTS IN BUSINESSES TOGETHER. DIRK JUNGE AND CLARK PITCAIRN ARE EMPLOYEES AT PITCAIRN TRUST COMPANY. CARL ASPLUNDH IS A DIRECTOR OF ASPLUNDH COMPANY AND GREGG ASPLUNDH IS AN EMPLOYEE THERE AS WELL. FORM 990, PART VI, SECTION A, LINE 6 THE ACADEMY OF THE NEW CHURCH IS A CORPORATION THAT ELECTS MEMBERS TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF TRUSTEES ELECT OFFICERS TO THE BOARD'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS DESIGNATED IN THE BY-LAWS ARE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE ACADEMY MAKES A COPY OF THE 990 AVAILABLE TO THE ELECTED BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING WITH TAX AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF TRUSTEE MEMBERS, CORPORATION MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE INSTANCES OF POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ACADEMY TRUSTEES APPOINT AN EXECUTIVE COMPENSATION COMMITTEE ANNUALLY. THAT COMMITTEE ANNUALLY REVIEWS AND SETS THE TOTAL COMPENSATION OF THE PRESIDENT, EXECUTIVE VICE PRESIDENT, TREASURER AND HEADS OF SCHOOLS. THIS COMPENSATION REVIEW IS DONE WITH THE BENEFIT OF COMPARABLE COMPENSATION DATA FROM SOURCES SUCH AS CUPA, CHRONICLE OF EDUCATION AND ASSOCIATION OF DELAWARE VALLEY INDEPENDENT SCHOOLS (ADVIS). IN 2009, THIS DATA WAS ALSO SUPPLEMENTED BY A COMPENSATION STUDY PERFORMED BY A NATIONAL COMPENSATION CONSULTANT. BUDGET TARGETS FOR ANNUAL COMPENSATION ADJUSTMENTS FOR OTHER EMPLOYEES ARE ESTABLISHED AND COMMUNICATED. EMPLOYEE COMPENSATION IS SET BY DIRECT SUPERVISORS OR BY MEANS OF SALARY SCALES. COMPARABLE COMPENSATION DATA FROM THE PREVIOUSLY MENTIONED SOURCES ARE USED IN THIS PROCESS. TRUSTEES ARE NOT COMPENSATED FOR THEIR BOARD SERVICE; DOCUMENTED TRAVEL EXPENSES ARE REIMBURSED IN ACCORDANCE WITH BOARD POLICY. TRUSTEES OR THEIR COMPANIES THAT PERFORM SERVICES FOR THE ACADEMY CHARGE THE ACADEMY AT RATES AND TERMS SIMILAR TO THEIR OTHER CUSTOMERS. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE SCHOOL OFFICES. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -15,052,385. ACCUMULATED PENSION ADJUSTMENT -7,384,946. CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS -789,245. DEPRECIATION OF DERIVATIVE INSTRUMENT -1,912,225. ADJUSTMENT FOR BENEFIT OBLIGATION 6,761,919. TOTAL TO FORM 990, PART XI, LINE 5: -18,376,882. FORM 990, PART XII, LINE 2C THE PROCESS FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. GENERAL CHURCH OF THE NEW JERUSALEM 1120 CATHEDRAL ROAD BRYN ATHYN PA 19009 231445615 SHARED EMPLOYEES AND SERVICES, SPLIT CONTRIBUTIONS PA 501(C)(3) 170(B)(1)(A)(I) N/A 0 NEW CHURCH INVESTMENT FUND PO BOX 711 PITCAIRN HALL BRYN ATHYN PA 19009 236438575 INVESTMENT MANAGER PA N/A INVESTMENT 9173860 143042686 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 NEW CHURCH INVESTMENT FUND A 2114497 FMV NEW CHURCH INVESTMENT FUND K 0 FMV NEW CHURCH INVESTMENT FUND Q 8539702 FMV NEW CHURCH INVESTMENT FUND R 7703000 FMV GENERAL CHURCH OF THE NEW JERUSALEM I 50889 FMV GENERAL CHURCH OF THE NEW JERUSALEM J 0 FMV GENERAL CHURCH OF THE NEW JERUSALEM O 4181443 FMV GENERAL CHURCH OF THE NEW JERUSALEM P 2315411 FMV GENERAL CHURCH OF THE NEW JERUSALEM B 14397 FMV PITCAIRN GROUP LP ONE PITCAIRN PLACE SUITE 3000 JENKINTOWN PA 19046 232419636 INVESTMENTS PA 0 -7813 0 0 0.00000