REGENTS OF THE MERCERSBURG COLLEGE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- REGENTS OF THE MERCERSBURG COLLEGE (EIN 23-1365963)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-14
- IRS object ID
- 201231359349303618
- Schema version
- 2010v3.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-14T13:03:58-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PricewaterhouseCoopers LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 MARKET ST SUITE 1700 | 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 | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231365963 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REGENTS OF THE MERCERSBURG COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | REGE | NameControl |
| Phone | 7173286110 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 EAST SEMINARY STREET | AddressLine1 |
| City | MERCERSBURG | City |
| State | PA | State |
| ZIP Code | 172361551 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARIA L KIMSEY | Name |
| Title | TREASURER | Title |
| Date Signed | 2012-05-10 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2673303000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MARIA L KIMSEY treasurer | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 E SEMINARY ST | AddressLine1 |
| City | MERCERSBURG | City |
| State | PA | State |
| ZIP Code | 17236 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 147020572 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.mercersburg.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1893 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | REGENTS OF THE MERCERSBURG COLLEGE IS A CO-EDUCATIONAL, INDEPENDENT COLLEGE PREPARATORY BOARDING AND DAY SCHOOL WHOSE MISSION IS TO PREPARE STUDENTS FOR COLLEGE AND LIFE BEYOND. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 32 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 31 | NbrIndependentVotingMembers |
| Total Nbr Employees | 353 | TotalNbrEmployees |
| Total Nbr Volunteers | 440 | TotalNbrVolunteers |
| Total Gross UBI | 23986 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -9152 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4478957 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 15737530 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 18331801 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 19634467 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4075843 | InvestmentIncomePriorYear |
| Investment Income Current Year | 9007681 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2069717 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1487995 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 28956318 | TotalRevenuePriorYear |
| Total Revenue Current Year | 45867673 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4924182 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5444552 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 14262587 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 15140317 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2822779 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12103169 | OtherExpensePriorYear |
| Other Expenses Current Year | 12417240 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 31289938 | TotalExpensesPriorYear |
| Total Expenses Current Year | 33002109 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2333620 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 12865564 | RevenuesLessExpensesCY |
| Total Assets BOY | 276945407 | TotalAssetsBOY |
| Total Assets EOY | 308150968 | TotalAssetsEOY |
| Total Liabilities BOY | 69777514 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 65139598 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 207167893 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 243011370 | NetAssetsOrFundBalancesEOY |
| Mission Description | MERCERSBURG ACADEMY PREPARES YOUNG MEN AND WOMEN FROM DIVERSE BACKGROUNDS FOR COLLEGE AND FOR LIFE IN A GLOBAL COMMUNITY. STUDENTS AT MERCERSBURG PURSUE A RIGOROUS AND DYNAMIC CURRICULUM WHILE LEARNING TO LIVE TOGETHER HARMONIOUSLY IN A SUPPORTIVE RESIDENTIAL ENVIRONMENT. MERCERSBURG'S TALENTED FACULTY INSTILL IN STUDENTS THE VALUE OF HARD WORK AND THE IMPORTANCE OF CHARACTER AND COMMUNITY AS THEY TEACH STUDENTS TO THINK FOR THEMSELVES, TO APPROACH LIFE THOUGHTFULLY AND CREATIVELY, TO THRIVE PHYSICALLY, TO ACT MORALLY, TO VALUE THE SPIRITUAL DIMENSION OF HUMAN EXISTENCE, AND TO SERVE OTHERS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 27419845 | Expense |
| Grants | 5444552 | Grants |
| Revenue | 20794945 | Revenue |
| Description | REGENTS OF THE MERCERSBURG COLLEGE ("MERCERSBURG") IS AN EDUCATIONAL INSTITUTION PREPARING YOUNG MEN AND WOMEN FROM DIVERSE BACKGROUNDS FOR COLLEGE AND FOR LIFE IN A GLOBAL COMMUNITY. STUDENTS AT MERCERSBURG PURSUE A RIGOROUS AND DYNAMIC CURRICULUM, WHILE ALSO LEARNING TO LIVE TOGETHER HARMONIOUSLY IN A SUPPORTIVE RESIDENTIAL ENVIRONMENT. MERCERSBURG'S TALENTED FACULTY INSTILL IN STUDENTS THE VALUE OF HARD WORK AND THE IMPORTANCE OF CHARACTER AND COMMUNITY, AS THEY TEACH STUDENTS TO THINK FOR THEMSELVES, TO APPROACH LIFE THOUGHTFULLY AND CREATIVELY, TO THRIVE PHYSICALLY, TO ACT MORALLY, TO VALUE THE SPIRITUAL DIMENSION OF HUMAN EXISTENCE, AND TO SERVE OTHERS. FOR THE YEAR ENDING JUNE 30, 2011, 434 STUDENTS WERE ENROLLED AT MERCERSBURG. THESE STUDENTS WERE FROM 30 STATES AND 34 COUNTRIES. | Description |
| Total Program Service Expense | 27419845 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 85 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 353 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 32 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 31 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARIA L KIMSEY TREASURER | NamePerson |
| Telephone Number | 7173286110 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 E SEMINARY ST | AddressLine1 |
| City | MERCERSBURG | City |
| State | PA | State |
| ZIP Code | 17236 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (40 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| MRS ALICE P ALBRIGHT | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR ANDREW R AMMERMAN | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR CHARLES E BELL | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR ALBERT C BELLAS | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR KENNETH T BERENTS | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR PETER D DAVENPORT | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR MICHAEL P DAVIES | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR PHILIP L DUNMIRE | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| MS DENISE M DUPRE | ||||||||
| BOARD PRESIDENT | 2.0 | X | 0 | 0 | 0 | X | ||
| MR BRUCE M ECKERT ESQ | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MS SALLY ANNE EPSTEIN | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MS LAURA FISHER | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| DAVID O FRANTZ PHD | ||||||||
| BOARD VICE PRESIENT | 2.0 | X | 0 | 0 | 0 | X | ||
| MR GABRIEL A HAMMOND | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MS PAMELA HOEHN-SARIC | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR JOSEPH R IMLER | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR YOUNG KYOON JEONG | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| HON JOHN E JONES III | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR PETER M LEBOVITZ | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| STACIE L RICE LISSETTE ESQ | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| PHILIP A LLOYD ESQ | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| ELIZABETH E GILDEA LOGIE ESQ | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR PIERCE LORD | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MS KAREN A MCDOWELL MARSTON | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| DOUGLAS L MILLER ESQ | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR JAMIL T MYRIE | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| JOHN K PRENTISS DVM | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MS DEBORAH J SIMON | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR JAMES S SNYDER | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| ALAN J WEIN MD PHD HON | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MR ALLEN W ZERN | ||||||||
| BOARD VICE PRESIDENT | 2.0 | X | 0 | 0 | 0 | X | ||
| T DOUGLAS HALE | ||||||||
| HEAD OF SCHOOL | 60.0 | X | 385030 | 0 | 29695 | X | ||
| MARIA L KIMSEY | ||||||||
| ASST HEAD OF FINANCE & OPS | 60.0 | 186392 | 0 | 21992 | X | X | ||
| MARY K CARRASCO | ||||||||
| ASST. HEAD FOR EXT AFFAIRS | 60.0 | 169156 | 0 | 68574 | X | X | ||
| MARY D RUTHERFORD | ||||||||
| ASSOCIATE HEAD OF SCHOOL | 60.0 | 143546 | 0 | 19663 | X | |||
| WILLIAM MCCLINTICK | ||||||||
| DIRECTOR, COLLEGE COUNSELING | 50.0 | 106572 | 0 | 47538 | X | |||
| TOMMY ADAMS | ||||||||
| ASST HEAD FOR ENROLLMENT | 50.0 | 132099 | 0 | 18847 | X | |||
| MATTHEW KEARNEY | ||||||||
| ASST ACADEMIC DEAN | 50.0 | 101176 | 0 | 49263 | X | |||
| RYAN BENNETT | ||||||||
| DIRECTOR, INFORMATION TECH | 50.0 | 86034 | 0 | 60170 | X | |||
| DANIELLE DEHAVEN NORDYKE | ||||||||
| DIRECTOR, HUMAN RESOURCES | 50.0 | 92196 | 0 | 50481 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1402201 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 366223 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ROCKWELL CONSTRUCTION COINC | |||||
| 5793 OAKWOOD DRIVE | MERCERSBURG | PA | 17236 | CONSTRUCTION | 7298897 |
| SAGE DINING SERVICES | |||||
| 222 BOSLEY AVENUE SUITE B7 | TOWNSON | MD | 21204 | FOOD SERVICE | 1825692 |
| CENTERBROOK ARCHITECT PLANNERS LLP | |||||
| 67 MAIN STREET | CENTERBROOK | CT | 064090955 | ARCHITECT | 538363 |
| BOWIE GRIDLEY ARCHITECTS | |||||
| 1010 WISCONSIN AVENUE NW | WASHINGTON | DC | 20007 | ARCHITECT | 253832 |
| CEH DESIGN INC | |||||
| 4 JACKLIN ROAD | BETHEL | CT | 06801 | CONSULTANT | 159462 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| All Other Contributions | 15737530 | AllOtherContributions |
| Noncash Contributions | 251829 | NoncashContributions |
| Total Contributions | 15737530 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION AND FEES | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 19634467 | TotalRevenueColumn |
| Related Or Exempt Function Income | 19634467 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 19634467 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2642512 | TotalRevenueColumn |
| Unrelated Business Revenue | -7002 | UnrelatedBusinessRevenue |
| Exclusion | $2,649,514 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 4596 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 4596 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4596 | TotalRevenueColumn |
| Exclusion | $4,596 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 107518068 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 101152899 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6365169 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6365169 | TotalRevenueColumn |
| Exclusion | $6,365,169 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| SUMMER PROGRAMS | 900099 | 1160478 | 1160478 | |
| ACADEMY STORE | 900099 | 233473 | $233,473 | |
| DINING HALL | 900099 | 43351 | $43,351 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 46097 | TotalRevenueColumn |
| Unrelated Business Revenue | 30988 | UnrelatedBusinessRevenue |
| Exclusion | $15,109 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1483399 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 45867673 | TotalRevenueColumn |
| Related Or Exempt Function Income | 20794945 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 23986 | UnrelatedBusinessRevenue |
| Exclusion | $9,311,212 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5444552 | Total |
| Program Services | 5444552 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1077712 | Total |
| Program Services | 1077712 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10921424 | Total |
| Program Services | 8612425 | ProgramServices |
| Management And General | 1141409 | ManagementAndGeneral |
| Fundraising | 1167590 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 983267 | Total |
| Program Services | 776402 | ProgramServices |
| Management And General | 102260 | ManagementAndGeneral |
| Fundraising | 104605 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1295657 | Total |
| Program Services | 1023070 | ProgramServices |
| Management And General | 134748 | ManagementAndGeneral |
| Fundraising | 137839 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 862257 | Total |
| Program Services | 680850 | ProgramServices |
| Management And General | 89675 | ManagementAndGeneral |
| Fundraising | 91732 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1595381 | Total |
| Program Services | 1259736 | ProgramServices |
| Management And General | 165920 | ManagementAndGeneral |
| Fundraising | 169725 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1844989 | Total |
| Program Services | 1456830 | ProgramServices |
| Management And General | 191879 | ManagementAndGeneral |
| Fundraising | 196280 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 159882 | Total |
| Program Services | 126245 | ProgramServices |
| Management And General | 16628 | ManagementAndGeneral |
| Fundraising | 17009 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 851742 | Total |
| Program Services | 672548 | ProgramServices |
| Management And General | 88581 | ManagementAndGeneral |
| Fundraising | 90613 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 536247 | Total |
| Program Services | 423428 | ProgramServices |
| Management And General | 55770 | ManagementAndGeneral |
| Fundraising | 57049 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 861637 | Total |
| Program Services | 680361 | ProgramServices |
| Management And General | 89610 | ManagementAndGeneral |
| Fundraising | 91666 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 431510 | Total |
| Program Services | 340727 | ProgramServices |
| Management And General | 44877 | ManagementAndGeneral |
| Fundraising | 45906 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84296 | Total |
| Program Services | 66561 | ProgramServices |
| Management And General | 8767 | ManagementAndGeneral |
| Fundraising | 8968 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 716911 | Total |
| Program Services | 566083 | ProgramServices |
| Management And General | 74559 | ManagementAndGeneral |
| Fundraising | 76269 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2451179 | Total |
| Program Services | 1935486 | ProgramServices |
| Management And General | 254923 | ManagementAndGeneral |
| Fundraising | 260770 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 387175 | Total |
| Program Services | 305719 | ProgramServices |
| Management And General | 40266 | ManagementAndGeneral |
| Fundraising | 41190 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| INTEREST RATE SWAP | 1686156 | 1331414 | 175360 | 179382 |
| CURRICULUM DEVELOPMENT | 336487 | 265695 | 34995 | 35797 |
| STUDENT ACTIVITIES | 341027 | 269280 | 35467 | 36280 |
| TAXES | 92992 | 73428 | 9671 | 9893 |
| MISCELLANEOUS EXPENSES | 39629 | 31293 | 4120 | 4216 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33002109 | Total |
| Program Services | 27419845 | ProgramServices |
| Management And General | 2759485 | ManagementAndGeneral |
| Fundraising | 2822779 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20094805 | BOY |
| EOY | 16267888 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2564361 | BOY |
| EOY | 12200975 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 476637 | BOY |
| EOY | 490401 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50000 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 178270 | BOY |
| EOY | 175963 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 691853 | BOY |
| EOY | 709520 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 109299946 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 31626045 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74388383 | BOY |
| EOY | 77673901 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108287424 | BOY |
| EOY | 115232516 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67945334 | BOY |
| EOY | 83131464 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2268340 | BOY |
| EOY | 2268340 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 276945407 | BOY |
| EOY | 308150968 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6441774 | BOY |
| EOY | 3911652 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49235000 | BOY |
| EOY | 49235000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14100740 | BOY |
| EOY | 11992946 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69777514 | BOY |
| EOY | 65139598 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 119816138 | BOY |
| EOY | 137049812 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13848973 | BOY |
| EOY | 24566295 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73502782 | BOY |
| EOY | 81395263 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 207167893 | BOY |
| EOY | 243011370 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 276945407 | BOY |
| EOY | 308150968 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 12865564 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 22977913 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | 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
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 2268340 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 170727830 | BeginningOfYearBalance |
| Contributions | 2902111 | Contributions |
| Investment Earnings Or Losses | 33210120 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1250230 | GrantsOrScholarships |
| Other Expenditures | 7901436 | OtherExpenditures |
| Administrative Expenses | 1595381 | AdministrativeExpenses |
| End Of Year Balance | 196093014 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 160090207 | BeginningOfYearBalance |
| Contributions | 744669 | Contributions |
| Investment Earnings Or Losses | 19398636 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1180000 | GrantsOrScholarships |
| Other Expenditures | 7862914 | OtherExpenditures |
| Administrative Expenses | 462768 | AdministrativeExpenses |
| End Of Year Balance | 170727830 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 188299003 | BeginningOfYearBalance |
| Contributions | 8463571 | Contributions |
| Investment Earnings Or Losses | -24200409 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1282650 | GrantsOrScholarships |
| Other Expenditures | 10771579 | OtherExpenditures |
| Administrative Expenses | 417729 | AdministrativeExpenses |
| End Of Year Balance | 160090207 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.55000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.38000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.07000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 81493 | OtherCostOrOtherBasis |
| Book Value | 81493 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 105299771 | OtherCostOrOtherBasis |
| Depreciation | 30263064 | Depreciation |
| Book Value | 75036707 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1854482 | OtherCostOrOtherBasis |
| Depreciation | 1362981 | Depreciation |
| Book Value | 491501 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2064200 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 2064200 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 77673901 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ALTERNATIVE INVESTMENTS | 83117414 | F |
| OTHER | 14050 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 83131464 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| INT. RATE SWAP AGREEMENTS | $7,000,609 |
| ADVANCE DEPOSITS | $4,409,119 |
| ASSET RETIREMENT OBLIGATION | $583,218 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 11992946 | TotalOfAmounts |
| Total Revenue | 45867673 | TotalRevenue |
| Total Expenses | 33002109 | TotalExpenses |
| Excess Or Deficit For Year | 12865564 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 24572645 | NetUnrealizedGLOnInvestments |
| Other | -$1,594,732 | OtherAmount |
| Total Adjustments | 22977913 | TotalAdjustments |
| Excess Or Deficit Per FS | 35843477 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 63401034 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 24572645 | NetUnrealizedGainsInvestments |
| Other Revenues | -1594732 | OtherRevenues |
| Revenue Not Rptd F990 | 22977913 | RevenueNotRptdF990 |
| Revenue Subtotal | 40423121 | RevenueSubtotal |
| Other Revenues Not Included | 5444552 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 5444552 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 45867673 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 27557557 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 27557557 | ExpensesSubtotal |
| Other Expenses Not Included | 5444552 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 5444552 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 33002109 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCTIPTION OF COLLECTIONS | FORM 990, SCHEDULE D, PART III, LINE 4 | MERCERSBURG ACADEMY MAINTAINS VARIOUS COLLECTIONS OF FINE ART FOR PRESERVATION PURPOSES. SUCH COLLECTIONS ARE OPEN TO PUBLIC EXHIBITION. -------------------- |
| DETAIL OF OTHER CHANGES IN NET ASSETS AND REVENUES | FORM 990, SCHEDULE D, PART XI, LINE 8 AND PART XII, LINE 2D | NET UNREALIZED GAIN (LOSS) ON SWAP AGREEMENT $ (89,403) INVESTMENT ADMIN FEES TREATED AS CONTRA REVENUE (1,595,382) CHANGE IN VALUE OF ANNUITY AGREEMENTS 90,053 ------------ $(1,594,732) -------------------- |
| RECONCILIATION OF REVENUES AND EXPENSES | FORM 990, SCHEDULE D, PART XII, LINE 4B AND PART XIII, LINE 4B | INSTITUTIONAL AID (GRANTS) $5,444,552. -------------------- |
| TEXT OF FIN 48 FOOTNOTE | FORM 990, SCHEDULE D, PART X, LINE 2 | MERCERSBURG APPLIES ACCOUNTING PRINCIPLES RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ASC 740-10, WHICH REQUIRES THE USE OF A TWO-STEP APPROACH FOR RECOGNIZING AND MEASURING TAX BENEFITS TAKEN OR EXPECTED TO BE TAKEN IN AN UNRELATED BUSINESS ACTIVITY TAX RETURN AND DISCLOSURES REGARDING UNCERTAINTIES IN TAX POSITIONS. THERE WERE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2011 AND 2010. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | false | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY | Identifier |
| Return Reference | FORM 990, SCHEDULE E, LINE 3 | ReturnReference |
| Explanation | REGENTS OF THE MERCERSBURG COLLEGE PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY ANNUALLY IN THE WASHINGTON POST, IN THE FALL OF EACH YEAR. THE MOST RECENT NOTICE WAS POSTED IN THE DECEMBER 06, 2010 ISSUE. | Explanation |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (4 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|
| Europe (Including Iceland and Greenland) | Program Services | International Travel | 91209 |
| Middle East and North Africa | Program Services | International Travel | 3120 |
| Central America and the Caribbean | Program Services | International Travel | 21880 |
| Central America and the Caribbean | Investments | -155756 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Amount Spent | -39547 | SubtotalAmountSpent |
| Total Amount Spent | -39547 | TotalAmountSpent |
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|
| SCHOLARSHIPS | 233 | 5418532 | N/A | NONE |
| STIPENDS | 20 | 26020 | N/A | NONE |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES | Identifier |
| Return Reference | SCHEDULE I, PART I, LINE 2 | ReturnReference |
| Explanation | SINCE 1893, MERCERSBURG ACADEMY HAS, WITH EXTENSIVE HELP FROM ALUMNI, FAMILY AND FRIENDS OF THE SCHOOL, OFFERED STUDENTS FINANCIAL AID BASED PRIMARILY UPON DEMONSTRATED FINANCIAL ELIGIBILITY. MERCERSBURG CURRENTLY ADMINISTERS A GENEROUS FINANCIAL AID PROGRAM THAT FUNDS OVER 40 PERCENT OF THE STUDENT BODY. UNDERSTANDING THAT A MERCERSBURG EDUCATION IS A SIGNIFICANT INVESTMENT, THE FINANCIAL AID COMMITTEE WORKS TO DETERMINE A FAIR ASSESSMENT OF A FAMILY'S ABILITY TO PROVIDE THEIR CHILDREN WITH THE OUTSTANDING EDUCATION AVAILABLE HERE. MERCERSBURG ENCOURAGES FAMILIES WITH LIMITED MEANS TO APPLY FOR ASSISTANCE BASED UPON THE ASSUMPTION THAT THE PRIMARY OBLIGATION FOR FINANCING A STUDENT'S EDUCATION RESTS SOLELY WITH THE FAMILY. THE ACADEMY FURTHER EXPECTS THAT A FAMILY IS WILLING TO MAKE SIGNIFICANT ADJUSTMENTS IN THE USE OF ITS DISCRETIONARY RESOURCES, AS WELL AS ACCESS ANCILLARY RESOURCES AVAILABLE THROUGH FAMILY, WORK, AND LOCAL ORGANIZATIONS. IN EVERY INSTANCE, THE FINANCIAL AID COMMITTEE SEEKS EVIDENCE THAT A FAMILY'S COMMITMENT TO THEIR CHILD'S EDUCATION IS AT LEAST AS STRONG AS THE ACADEMY'S. IN ORDER TO DETERMINE A FAMILY'S ELIGIBILITY TO RECEIVE FINANCIAL AID IN A FAIR AND EQUITABLE MANNER, MERCERSBURG REQUIRES THAT ALL APPLICANTS COMPLETE THE PARENT FINANCIAL STATEMENT (PFS) WITH THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS) FOR EACH YEAR OF MATRICULATION. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| T DOUGLAS HALE | |||||||||||||
| 306127 | 0 | 53903 | 0 | 25000 | 0 | 22947 | 0 | 6748 | 0 | 414725 | 0 | 0 | 0 |
| MARIA L KIMSEY | |||||||||||||
| 182792 | 0 | 0 | 0 | 3600 | 0 | 16426 | 0 | 5566 | 0 | 208384 | 0 | 0 | 0 |
| MARY D RUTHERFORD | |||||||||||||
| 139273 | 0 | 0 | 0 | 4273 | 0 | 12663 | 0 | 7000 | 0 | 163209 | 0 | 0 | 0 |
| MARY K CARRASCO | |||||||||||||
| 165556 | 0 | 0 | 0 | 3600 | 0 | 15519 | 0 | 53055 | 0 | 237730 | 0 | 0 | 0 |
| WILLIAM MCCLINTICK | |||||||||||||
| 96022 | 0 | 0 | 0 | 10550 | 0 | 8671 | 0 | 38867 | 0 | 154110 | 0 | 0 | 0 |
| TOMMY ADAMS | |||||||||||||
| 119604 | 0 | 0 | 0 | 12495 | 0 | 11109 | 0 | 7738 | 0 | 150946 | 0 | 0 | 0 |
| MATTHEW KEARNEY | |||||||||||||
| 90756 | 0 | 0 | 0 | 10420 | 0 | 7964 | 0 | 41299 | 0 | 150439 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | QUESTIONS REGARDING COMPENSATION | Identifier |
| Return Reference | SCHEDULE J, PART I, LINE 1A & 4b | ReturnReference |
| Explanation | FIRST CLASS TRAVEL IS ONLY ALLOWED WHEN TRAVELING TO ASIA ON SCHOOL RELATED FUNDRAISING OR ADMISSION VISITS. THE HEAD OF SCHOOL MAY OCCASIONALLY TAKE HIS SPOUSE WHEN INVITED BY A HOST OR WHEN IT IS EXPECTED THAT HIS SPOUSE BE AT AN EVENT (FUNDRAISING, BOARD MEETING, HOSTING OF BOARD MEMBERS SPOUSES, ETC.). THE HEAD OF SCHOOL IS PROVIDED A RESIDENCE FOR BOTH PERSONAL AND BUSINESS USE, PER THE TERMS OF HIS CONTRACT, WHICH INCLUDES PART-TIME HOUSEKEEPING SERVICES. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|
| MERCERSBURG BOROUGH GENERAL PURPOSE AUTHORITY | ||||||
| 236002995 | 2009-12-18 | 30000000 | REFUND 2000A & 2000B BOND ISSUES | false | false | false |
| MERCERSBURG BOROUGH GENERAL PURPOSE AUTHORITY | ||||||
| 236002995 | 2010-02-17 | 19235000 | REFUND 2000B & 2005 BOND ISSUES | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 30000000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30000000 | 0 | 2001 | true | false | true | true |
| 0 | 0 | 19235000 | 0 | 0 | 0 | 120000 | 0 | 0 | 0 | 19235000 | 0 | 2005 | true | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | true | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|
| false | true | false | false | false | false | false | true |
| false | true | false | false | false | false | false | true |
Schedule L IRS990ScheduleL
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 0 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | EASTERN ALLIANCE INSURANCE | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | SIMILAR TRUSTEE/OWNER | Relationship |
| Amount Of Transaction | 58642 | AmountOfTransaction |
| Description Of Transaction | WORKERS' COMP INS. COVERAGE | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 238 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 36 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 215002 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | DATE OF GIFT FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Event Fees | 7 | 21694 | FMV |
| X | Gift Certificates | 1 | 1000 | FMV |
| X | Sports Equipment | 3 | 13769 | FMV |
| X | school related merchandise | 4 | 126 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTIES USED TO SELL NONCASH CONTRIBUTIONS | Identifier |
| Return Reference | FORM 990, SCHEDULE M, LINE 32(B) | ReturnReference |
| Explanation | MERCERSBURG ACADEMY UTILIZES THE SERVICES OF A THIRD PARTY STOCK BROKER IN ORDER TO LIQUIDATE ANY SECURITY CONTRIBUTIONS RECEIVED. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL DISCLOSURES | Identifier |
| Explanation | FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION A, LINE 11a INFORMATION RELATED TO MERCERSBURG ACADEMY'S FORM 990 IS GATHERED BY FINANCE STAFF AND PROVIDED TO PRICEWATERHOUSECOOPERS LLP FOR REVIEW AND RETURN PREPARATION. THE FINAL COPY OF THE FORM 990 WAS REVIEWED BY MERCERSBURG ACADEMY AND PROVIDED TO EACH BOARD MEMBER FOR THEIR REVIEW PRIOR TO FILING. -------------------- CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES, AND ALL EMPLOYEES ARE REQUIRED ANNUALLY TO PREPARE A "CONFLICT OF INTEREST POLICY QUESTIONNAIRE" DISCLOSING BUSINESSES, ACTIVITES, AND/OR RELATIONSHIPS THAT MAY GIVE RISE TO CONFLICTS. COMPLETED QUESTIONNAIRES ARE REVIEWED BY MANAGEMENT. -------------------- COMPENSATION REVIEW AND APPROVAL FORM 990, PART VI, SECTION B, LINE 15 THE OFFICERS OF MERCERSBURG ACADEMY'S BOARD DELIBERATE ON, REVIEW, AND APPROVE THE SALARY OF THE HEAD OF SCHOOL. THESE BOARD OFFICERS HAVE FULL COMPARABILITY DATA AVAILABLE FROM BOTH ABOPS AND NAIS TO AID IN SUCH DELIBERATIONS. THE RESULTS OF THE DELIBERATIONS, REVIEW, AND SALARY APPROVAL PROCESS ARE THEN SHARED WITH THE ENTIRE BOARD WHEN THE HEAD OF SCHOOL UNDERGOES ANOTHER REVIEW BY THE FULL BOARD AT THE MAY MEETINGS. THE COMPLETION OF THAT DELIBERATION, REVIEW, AND APPROVAL PROCESS IS RECORDED IN THE MINUTES OF THE MAY BOARD MEETINGS. THE OFFICERS OF MERCERSBURG ACADEMY'S BOARD DISCUSS, REVIEW, AND APPROVE THE RECOMMENDATION FROM THE HEAD OF SCHOOL CONCERNING THE SALARIES OF THE TOP FOUR HIGHEST PAID EMPLOYEES OF THE SCHOOL, NOT INCLUDING THE HEAD OF SCHOOL. THESE BOARD OFFICERS ALSO HAVE FULL COMPARABILITY DATA AVAILABLE FROM BOTH ABOPS AND NAIS TO AID IN THEIR DELIBERATIONS. -------------------- GOVERNANCE, MANAGEMENT AND DISCLOSURE FORM 990, PART VI, SECTIONC, LINE 19 MERCERSBURG ACADEMY'S FORMS 1023 AND 990, GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. -------------------- DETAIL OF OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 NET UNREALIZED GAIN (LOSS) ON INVESTMENT $24,572,645 NET UNREALIZED GAIN (LOSS) ON SWAP AGREEMENT (89,403) INVESTMENT ADMIN FEES TREATED AS CONTRA REVENUE (1,595,382) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 90,053 ------------ $22,977,913 | Explanation |