2011-12-13T15:59:52-06:00 2011-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2010-07-01 231370498 Church Farm School CHUR 6103637500 1001 E Lincoln Highway EXTON PA 19341 REVEREND EDMUND K SHERRILL II 2011-12-06 true 2155614200 2010 2016-02-24 21:20:13Z MARK T CARROLL 1001 E LINCOLN HIGHWAY EXTON PA 19341 49170586 false X WWW.GOCFS.NET X 1918 PA To provide a rigorous, well-rounded, college-preparatory education in a caring, Christian environment for young men of ability and promise to help prepare them for productive and fulfilling lives. 16 16 114 6124 1674899 1706837 1144578 1318954 5606624 7561443 215155 223490 8641256 10810724 0 0 0 0 6431431 5969001 0 0 320318 4132865 4103175 10564296 10072176 -1923040 738548 128746620 150392525 6879857 5422222 121866763 144970303 X THE MISSION OF CFS, THE SCHOOL AT CHURCH FARM, IS TO PROVIDE A RIGOROUS, WELL-ROUNDED, COLLEGE-PREPARATORY EDUCATION IN A CARING, CHRISTIAN ENVIRONMENT TO HELP PREPARE OUR STUDENTS FOR PRODUCTIVE AND FULFILLING LIVES. WE SEEK YOUNG MEN OF ABILITY AND PROMISE FOR WHOM THE CFS EDUCATIONAL EXPERIENCE REPRESENTS AN EXTRAORDINARY OPPORTUNITY. false true 7900614 1318954 PROVISION OF A RESIDENTIAL COLLEGE PREPARATORY ENVIRONMENT FOR BOYS IN GRADES 7 THROUGH 12 FROM FINANCIALLY DESERVING FAMILIES. THE SCHOOL CONTINUES TO PROVIDE HOUSING, SOME TRANSPORTATION, EDUCATION, SOCIAL ACTIVITIES, SUPPORT SERVICES AND A WORK PROGRAM FOR APPROXIMATELY 200 BOYS ON A 150 ACRE CAMPUS. 7900614 true true false false false false false false false true true true false false true true true false true false false false false false true false false false false true false false false false false false false false true false false false false false false false false false true 22 0 true 114 true true true false false false false false false false false false X 16 16 true false false false false false false true true false false true true true true true true true false false PA X NEIL FANELLI JR 6103637500 1001 E LINCOLN HIGHWAY EXTON PA 19341 MARK T CARROLL 3.0 X X 0 0 0 RICHARD H GHERST II 3.0 X X 0 0 0 MORRIS C KELLETT 1.0 X X 0 0 0 REV CHARLES BENNISON JR 1.0 X 0 0 0 GREGORY W COLEMAN 1.0 X 0 0 0 KERMIT S ECK 1.0 X 0 0 0 SALLY N GRAHAM 1.0 X 0 0 0 STEPHEN A LONEY 3.0 X X 0 0 0 JOHN PICKERING 1.0 X 0 0 0 ROBERT G RODGERS JR 1.0 X 0 0 0 CANNIE C SHAFER 1.0 X 0 0 0 JAMES TATE 1.0 X 0 0 0 JACQUES VAUCLAIN 1.0 X 0 0 0 SAMUEL B CUPP JR 1.0 X 0 0 0 SAMUEL H BALLAM III 1.0 X X 0 0 0 STEPHEN DARBY 1.0 X 0 0 0 REV EDMUND K SHERRILL II 50.0 X 165000 0 108384 NEIL J FANELLI JR 50.0 X 147037 0 27690 WILLIAM W WENTZEL 50.0 X 113081 0 40706 CHRISTIAN B BRONK 50.0 X 105785 0 18956 CHARLES W SHREINER III X 150000 0 0 680903 0 195736 5 true true false Sodexo Inc and Affiliates PO BOX 360170 PITTSBURGH PA 15251 food & janitor svcs 889538 SAULE EWING LLP 1500 MARKET STREET PHILADELPHIA PA 19102 LEGAL 150198 2 1706837 136639 1706837 TUITION AND FEES 900099 1318954 1318954 1318954 2808106 6124 2801982 0 0 187572 187572 187572 187572 43076936 38323599 4753337 4753337 4753337 72181 36263 35918 35918 0 0 0 10810724 1318954 6124 7778809 0 0 0 0 221709 221709 0 3957127 3021073 751797 184257 609429 477638 102660 29131 857867 639306 179569 38992 322869 236631 71806 14432 0 121128 121128 64476 4326 60150 0 0 0 944124 931925 12199 106009 86375 19634 102920 47099 47151 8670 250185 127485 122700 0 829675 794020 35655 68185 43107 10463 14615 0 22668 8992 9388 4288 2728 2728 0 912248 865723 46525 164235 142807 18658 2770 CAMPUS MAINTENANCE 153901 146770 7131 STUDENT ACTIVITIES 99703 99703 INSTRUCTIONAL 73958 73958 ATHLETIC 66968 66968 DORMITORY 40250 40250 79814 46458 29827 3529 10072176 7900614 1851244 320318 3046167 3203715 91292 66542 115475 139295 89434 91126 31432235 18158774 13978605 13273461 95780725 114721030 12785000 14904000 2859922 3993356 128746620 150392525 789876 867689 0 0 6089981 4554533 6879857 5422222 X 97375208 115104920 1277190 1249865 23214365 28615518 121866763 144970303 128746620 150392525 X 738548 22364992 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 108565725 27992666 6933361 129625030 101188179 61912 15406555 8090921 108565725 131522208 2000 -21995679 8340350 101188179 0.80200 0.19800 true false 447134 447134 25797667 14161766 11635901 766523 412664 353859 4420911 3584344 836567 13273461 COMMON TRUST FUND 14904000 F 14904000 0 DEPOSITS & MISCELLANEOUS 563990 PENSION PROJECTED BENEFIT OBLI 3990543 4554533 10810724 10072176 738548 20610919 1754074 22364993 23103541 33211981 20610919 1790338 22401257 10810724 10810724 10108440 36264 36264 10072176 10072176 ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 CFS's endowment consists of a portfolio of funds established to provide a source of operating funds as well as long-term financial stability. FIN 48 FOOTNOTE FORM 990, SCHEDULE D, PART X NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS DUE TO CFS'S EXEMPT STATUS. CFS FOLLOWS THE APPROPRIATE ACCOUNTING GUIDANCE WHICH PRESCRIBES A MODEL FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND PROVIDES GUIDANCE ON RECOGNITION, CLASSIFICATION, INTEREST, AND PENALTIES, DISCLOSURE AND TRANSITION. AT JUNE 30, 2011, CFS DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL TAX POSITIONS. reconciliation of net assets FORM 990, SCHEDULE D, PART XII, LINE 2 GAIN NOT YET RECOGNIZED IN NET PERIODIC PENSION COSTS $1,754,074 REVENUES ON BOOKS NOT ON RETURN GAIN NOT YET RECOGNIZED IN NET PERIODIC PENSION COSTS $1,754,074 SPECIAL EVENTS EXPENSE 36,264 ------------- 1,790,338 EXPENSES ON BOOKS NOT ON RETURN SPECIAL EVENTS EXPENSE- $36,264 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE POLICY AS TO NONDISCRIMINATION AS TO STUDENTS IS PUBLISHED IN THE PARENT/STUDENT HANDBOOK, THE PHILADELPHIA INQUIRER, THE PHILADELPHIA DAILY NEWS AND OTHER LOCAL NEWSPAPERS AND JOURNALS OF GENERAL CIRCULATION. SCHEDULE E, LINE 6 FINANCIAL ASSISTANCE IS RECEIVED FROM THE STATE OF PENNSYLVANIA IN THE FORM OF AN ALLOWANCE (CREDIT) TO BE USED FOR THE RENTAL OF TEXTBOOKS AND OTHER EDUCATIONAL MATERIALS PROVIDED BY THE STATE TO ITS PUBLIC SCHOOLS. SINCE THE SCHOOL IS PRIVATE, THIS PROVIDES THE MEANS FOR THE SCHOOL TO PROVIDE AVAILABLE MATERIALS WITHOUT THE INCURRENCE OF SIGNIFICANT EXPENDITURES. GOLF CLASSIC 72181 72181 12365 13682 10216 0 72181 72181 12365 13682 10216 36263 35918 X X true true X X X true false false false false false false false false CHARLES W SHREINER III 0 0 0 0 150000 0 0 0 0 0 150000 0 0 0 NEIL J FANELLI JR 146225 0 0 0 812 0 11700 0 15990 0 174727 0 0 0 WILLIAM W WENTZEL 113081 0 0 0 0 0 27600 0 13106 0 153787 0 0 0 REV EDMUND K SHERRILL II 165000 0 0 0 0 0 42280 0 66104 0 273384 0 0 0 Compensation Information Form 990, Schedule J, Part I, Line 1 The School provides housing and other benefits to certain key employees as a requirement of their duties or as a benefit of employment. The value of these benefits are included in the taxable wages of these employees, to the extent they are not otherwise excluded from such by the Internal Revenue Code and all are disclosed, as required, on Schedule J. Schedule J, Part I, Line 4A Charles W. Shreiner III is the former Head of School. Mr. Shreiner ceased employment at Church Farm School EFFECTIVE August 31, 2009 and continued to receive compensation IN ACCORDANCE WITH HIS SEPERATION AGREEMENT. X 1 21639 FMV OF DON. PROP. X 1 115000 FMV OF DON. PROP. false true false FORM 990 FORM 990, PART III, LINE 2 AS OF AUGUST 7, 2009, CFS NO LONGER OPERATES THE SUMMER CAMP. BEGINNING IN JUNE 2010, CFS RENTS OUR CAMP FACILITY TO A THIRD PARTY CAMP OPERATOR. ACCORDINGLY, SUCH ACTIVITY AND RELATED REVENUE AND EXPENSES DO NOT EXIST AND THEREFORe WILL NO LONGER BE REPORTED ON CFS'S FORM 990. FORM 990, PART VI, LINE 2 There are three directors, Samuel H. Ballam, III, John Pickering, and Kermit S. Eck, who are partners in the same investment firm. CFS does not do business with this investment firm. FORM 990, PART VI, LINE 11 The Form 990 was prepared by a nationally RECOGNIZED accounting firm in conjunction with the organization's financial department. A copy of the draft Form 990 was first circulated to the Finance Committee and then distributed to the full Board of Trustees for discussion and comment. Each Board Member was provided opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service. FORM 990, PART VI, LINE 12 Annually each officer, director, and key employee is required to respond to management's "Activity Questionnaire" FORM 990, PART VI, LINE 15 The Executive Committee of the Board engageD an independent school compensation consultant to help structure the CEO contract and to benchmark the compensation package to industry standards (Nat'l Association of Independent Schools data base, etc). FORM 990, PART VI, LINE 19 The noted documents are provided upon request. FORM 990, PART XI Reconciliation of Net Assets OTHER CHANGES IN NET ASSETS OR FUND BALANCES EXPLAINED: UNREALIZED GAIN ON INVESTMENTS $20,610,919 GAIN NOT YET RECOGNIZED IN NET PERIODIC PENSION COSTS 1,754,073 ----------- TOTAL OTHER CHANGES 22,364,992