2025-03-12T07:22:20-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-07-01 231352646 HAVERFORD SCHOOL HAVE 4844172722 450 LANCASTER AVENUE HAVERFORD PA 19041 PETER MAAS CFO 4844172722 2025-03-11 1 1 KERRI N BOGDA CPA P00760402 7177404863 2025-03-11 2023 2025-03-06 01:10:19Z PETER MAAS 450 LANCASTER AVENUE HAVERFORD PA 19041 55611401 0 X WWW.HAVERFORD.ORG X 1916 PA A NON-SECTARIAN COLLEGE PREP SCHOOL PRE-K-12, EDUCATES QUALIFIED BOYS OF DIFFERING BACKGROUNDS. 26 25 310 62 905245 608664 11841190 11968415 38851193 39764528 320361 1282231 2319706 2438882 53332450 55454056 9649000 10098643 0 0 22986060 23441225 0 0 3684472 15592017 17517528 48227077 51057396 5105373 4396660 228580905 234473219 62598579 57701262 165982326 176771957 X THE HAVERFORD SCHOOL, A NON-SECTARIAN COLLEGE PREPARATORY SCHOOL FOR JUNIOR KINDERGARTEN THROUGH GRADE TWELVE, PROVIDES A SUPERIOR LIBERAL ARTS EDUCATION FOR QUALIFIED BOYS OF DIFFERING BACKGROUNDS. WE ARE COMMITTED TO DEVELOPING THE FULL INTELLECTUAL, ARTISTIC, ATHLETIC AND MORAL POTENTIAL IN EACH BOY, AND WE AIM TO GRADUATE YOUNG MEN WITH STRONG CHARACTER WHO POSSESS A PASSION FOR LEARNING AND PROBLEM SOLVING. 0 0 40624964 10098643 39764528 PREPARING YOUNG MEN ACADEMICALLY FOR THE FUTURE IS UNDOUBTEDLY ONE OF THE MOST VALUABLE BENEFITS OF A HAVERFORD EDUCATION. BUT MORE IMPORTANTLY, WE GIVE BOYS A FOUNDATION OF SKILLS THEY NEED TO LEAD A FULFILLING AND MEANINGFUL LIFE. AS OUR STATEMENT OF VISION READS, "THE HAVERFORD FACULTY PREPARES EACH BOY TO BE FUTURE-READY THROUGH DEVELOPING HIS CHARACTER AND HIS EMOTIONAL INTELLIGENCE, AS WELL AS HIS ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS."THE HAVERFORD SCHOOL INCURS DIRECT INSTRUCTIONAL EXPENSES IN PRE-KINDERGARTEN THROUGH GRADE 12, ATHLETIC PROGRAMS, AND OTHER EXTRA-CURRICULAR ACTIVITY EXPENSES FOR APPROXIMATELY 1,000 STUDENTS. 40624964 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 101 0 310 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA MA NJ NY NM CO X PETER MAAS CHIEF FINANCIAL OFFICER 4844172722 450 LANCASTER AVENUE HAVERFORD PA 19041 TYLER CASERTANO HEADMASTER 40.00 0.00 X X 525046 0 48574 MAURICE D GLAVIN CHAIR 7.00 0.00 X X 0 0 0 GEORGE B LEMMON JR VICE CHAIR/TREASURER 0.50 0.00 X X 0 0 0 CAROLINE R DE MARCO SECRETARY 0.50 0.00 X X 0 0 0 JOHN A BARTHOLDSON TRUSTEE 0.50 0.00 X 0 0 0 KENNETH M BATE TRUSTEE 0.50 0.00 X 0 0 0 AMY C BRIDDELL TRUSTEE 0.50 0.00 X 0 0 0 WILLIAM T CADDELL JR TRUSTEE 0.50 0.00 X 0 0 0 HANS R DAVIES TRUSTEE 0.50 0.00 X 0 0 0 IRIS H DIBERNARDO TRUSTEE 0.50 0.00 X 0 0 0 RANDALL DRAIN JR TRUSTEE 0.50 0.00 X 0 0 0 THADDEUS J FORTIN TRUSTEE 0.50 0.00 X 0 0 0 SAMUEL M V HAMILTON III TRUSTEE 0.50 0.00 X 0 0 0 PETER W HENNESSEY TRUSTEE 0.50 0.00 X 0 0 0 QUINCY MCCOY TRUSTEE 0.50 0.00 X 0 0 0 WADE L MCDEVITT TRUSTEE 0.50 0.00 X 0 0 0 JONATHAN R MORGAN TRUSTEE 0.50 0.00 X 0 0 0 ALANA M MURPHY TRUSTEE 0.50 0.00 X 0 0 0 MARTHA E ORTIZ TRUSTEE 0.50 0.00 X 0 0 0 MICHAEL J PURCELL TRUSTEE 0.50 0.00 X 0 0 0 G BART SMITH TRUSTEE 0.50 0.00 X 0 0 0 NAFIS T SMITH TRUSTEE 0.50 0.00 X 0 0 0 FITZ DANIEL T TEPPER TRUSTEE 0.50 0.00 X 0 0 0 EDWARD M TRUSTY JR TRUSTEE 0.50 0.00 X 0 0 0 MCCARTNEY K WILKINS TRUSTEE 0.50 0.00 X 0 0 0 ROLAND YANG TRUSTEE 0.50 0.00 X 0 0 0 G NASH WATERMAN TRUSTEE (UNTIL 10/01/23) 0.50 0.00 X 0 0 0 PETER MAAS CFO 40.00 0.00 X 256250 0 15604 JAMES THORBURN ASSISTANT HEADMASTER 40.00 0.00 X 312407 0 34430 JAMES J GREYTOK JR HEAD OF MIDDLE SCHOOL 40.00 0.00 X 221564 0 31935 MICHAEL MURPHY ATHLETIC DIRECTOR 40.00 0.00 X 207276 0 32990 PAM GREENBLATT LOWER SCHOOL HEAD 40.00 0.00 X 195793 0 18535 GEORGE WOOD SENIOR DIRECTOR OF MAJOR GIFTS 40.00 0.00 X 166097 0 18840 MARK FIFER UPPER SCHOOL HEAD 40.00 0.00 X 149958 0 25727 MICHELE TODD DIR. OF HUMAN RESOURCES 40.00 0.00 X 146682 0 16951 SARA ADKINS DEAN OF FACULTY 40.00 0.00 X 144958 0 27218 DONTA EVANS DIR. OF ADM. & ENROLLMENT MGNT. 40.00 0.00 X 133890 0 28614 JEFFREY DAY FORMER DIR. OF DEV. (UNTIL 06/23/23) 40.00 0.00 X 224662 0 18155 2684583 0 317573 40 1 1 0 SODEXO OPERATIONS LLC 9801 WASHINGTONIAN BLVD FL 1 GAITHERSBURG MD 208785355 FOOD & FACILITIES MANAGEMENT SERVICE 3414044 C P RANKIN INC 4359 COUNTY LINE RD CHALFONT PA 18914 CONSTRUCTION 758291 FAEGRE DRINKER BIDDLE & REATH LLP ONE LOGAN SQ STE 2000 PHILADELPHIA PA 19103 LEGAL 692902 RAFFAELE & ASSOCIATES LLC 1230 COUNTY LINE RD BRYN MAWR PA 19010 LEGAL 500000 RANIERI & KERNS ASSOC LLC 30 N SPROUL RD BROOMALL PA 19008 CONSTRUCTION 319368 14 267033 172041 11529341 172041 11968415 TUITION & FEES 611710 38914131 38914131 DAY CARE PROGRAM 611710 691087 691087 MUSIC LESSONS 611710 159310 159310 39764528 1290898 635490 655408 261451 8922 252529 252529 252529 8667 -8667 -8667 -8667 150796 267033 139756 11040 11040 CAFETERIA 611710 1379845 56628 1323217 SUMMER CAMP 611710 223826 211909 11917 CAFE SALES 611710 216169 216169 355473 1218 354255 2175313 55454056 39764528 905245 2815868 10098643 10098643 1957948 1075330 882618 104831 104831 15508376 12791101 1207993 1509282 1478045 1230209 120383 127453 3042269 2518167 258555 265547 1349756 1106736 131912 111108 559934 559934 61285 61285 995296 995296 3331403 2150654 877812 302937 582758 278965 158229 145564 304434 304434 1156673 859739 173414 123520 299651 229099 70552 78870 29445 21119 28306 1555548 1159274 231431 164843 4418469 3292869 657369 468231 272441 203037 40533 28871 FOOD SERVICE 1683465 1683465 INSTRUCTIONAL EXPENSES 942024 833634 108390 ATHLETIC DEPARTMENT 549261 549261 DUES AND SUBSCRIPTIONS 301045 230902 70143 424971 191544 233427 51057396 40624964 6747960 3684472 X 73031 6132 16986369 17210163 2041790 2210044 17488 43519 602655 595557 165088965 66157056 100268872 98931909 12149328 13348313 95700818 101439353 69448 22912 671106 665317 228580905 234473219 2587437 2216322 8211586 3831561 30915387 30902320 20736111 20680556 148058 70503 62598579 57701262 X 127079814 135647364 38902512 41124593 165982326 176771957 228580905 234473219 X 4396660 6384304 8667 X 0 1 X 1 0 X 6765855 5736623 9466415 11841190 11968415 45778498 6765855 5736623 9466415 11841190 11968415 45778498 3119317 42659181 2178920 1697170 540235 731409 942659 6090393 35065 16610 190162 182125 269755 693717 1487605 1068182 1899515 1980148 2317206 8752656 61315264 186772254 0.69570 0.70220 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: APPLICATION FEES - 2019 AMOUNT: $ 12,150. 2020 AMOUNT: $ 27,860. ATHLETICS - 2019 AMOUNT: $ 38,492. 2020 AMOUNT: $ 56,300. 2021 AMOUNT: $ 82,500. 2022 AMOUNT: $ 70,645. 2023 AMOUNT: $ 89,460. CAFE SALES - 2019 AMOUNT: $ 97,831. 2020 AMOUNT: $ 97,216. 2021 AMOUNT: $ 176,287. 2022 AMOUNT: $ 191,628. 2023 AMOUNT: $ 216,169. CAFETERIA - 2019 AMOUNT: $ 868,259. 2020 AMOUNT: $ 487,930. 2021 AMOUNT: $ 1,133,753. 2022 AMOUNT: $ 1,275,667. 2023 AMOUNT: $ 1,323,217. ESF SPONSORSHIP - 2022 AMOUNT: $ 11,458. HALL OF FAME DINNER - 2019 AMOUNT: $ 16,550. 2022 AMOUNT: $ 18,440. MADOFF VICTIM FUND - 2022 AMOUNT: $ 5,311. NON-CHARITABLE FUNDRAISING RECEIPTS - 2019 AMOUNT: $ 388,016. 2020 AMOUNT: $ 338,710. 2021 AMOUNT: $ 393,208. 2022 AMOUNT: $ 277,097. 2023 AMOUNT: $ 404,928. OTHER - 2019 AMOUNT: $ 52,222. 2020 AMOUNT: $ 37,724. 2021 AMOUNT: $ 89,897. 2022 AMOUNT: $ 37,492. 2023 AMOUNT: $ 209,663. OUTSIDE CATERING - 2023 AMOUNT: $ 25,772. SCHOOL STORE - 2019 AMOUNT: $ 5,957. 2020 AMOUNT: $ 2,053. 2021 AMOUNT: $ 4,476. 2022 AMOUNT: $ 2,613. SUMMER CAMP - 2020 AMOUNT: $ 15,375. 2021 AMOUNT: $ 5,412. 2022 AMOUNT: $ 18,429. 2023 AMOUNT: $ 11,917. THEATER PRODUCTIONS - 2019 AMOUNT: $ 8,128. 2020 AMOUNT: $ 1,740. 2021 AMOUNT: $ 13,982. 2022 AMOUNT: $ 24,843. 2023 AMOUNT: $ 23,630. TUITION INSURANCE REIMBURSEMENT - 2022 AMOUNT: $ 46,525. 2023 AMOUNT: $ 12,450. YEARBOOK SALES - 2020 AMOUNT: $ 3,274. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 107850146 1274902 5916715 254099 114787664 105916013 905359 1156356 127582 107850146 109192458 2584495 -5552067 308873 105916013 86416352 1188696 22008899 421489 109192458 83420561 1528695 1937238 470142 86416352 0.64650 0.31240 0.04110 0 0 8215773 8215773 139253421 58874113 80379308 17226156 7282943 9943213 393615 393615 98931909 ALTERNATIVE INVESTMENTS 101439353 F 101439353 ACCR. POSTRETIREMENT BENEFIT COST 46479 LEASE LIABILITIES, FINANCING 24024 70503 X 51155898 6384304 -11085272 -4700968 55856866 -402810 -402810 55454056 40366267 402810 402810 39963457 11093939 11093939 51057396 PART V, LINE 4: THE ENDOWMENT FUND SUPPORTS THE MISSION OF THE SCHOOL THROUGH SCHOLARSHIPS, PROGRAM SUPPORT, AND FACULTY SUPPORT. PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST OR PENALTIES WERE RECOGNIZED IN 2024 OR 2023. THE SCHOOL'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR THE YEARS ENDED JUNE 30, 2023, 2022 AND 2021 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE DATE THE RETURN WAS FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS -10,098,643. INVESTMENT FEES -995,296. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 8,667. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -393,888. RENTAL EXPENSES -8,922. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 393,888. RENTAL EXPENSES 8,922. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS 10,098,643. INVESTMENT FEES 995,296. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE HAVERFORD SCHOOL IS A MEMBER OF A LOCAL CONSORTIUM CALLED "ADVIS" THAT PUBLISHES A NONDISCRIMINATORY STATEMENT IN NEWSPAPERS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES BOOKS FROM THE PENNSYLVANIA DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 25794702 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL TRIPS FOR STUDENTS 38321 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EDUCATIONAL TRIPS FOR STUDENTS 53091 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES EDUCATIONAL TRIPS FOR STUDENTS 47694 0 0 0 0 0 0 25933808 0 25933808 1 0 1 1 1 0 SCHEDULE F, PART IV, LINES 3, 4 AND 5: THE ORGANIZATION HAS INTERESTS IN FOREIGN CORPORATIONS AND PARTNERSHIPS, HOWEVER, ITS PERCENTAGE OWNERSHIP DOES NOT EXCEED THE THRESHOLD FOR REPORTING ON THESE FOREIGN FORMS. HSPA PARTY FOR A PURPOSE 356237 199703 156534 47675 41287 DOC THOMAS GOLF OUTING 30000 32015 -2015 30000 1 20795 35315 -14520 14000 3125 407032 267033 139999 91675 44412 136087 3912 1 SCHOLARSHIPS & FINANCIAL AID 405 10098643 PART I, LINE 2: GRANT FUNDS ARE DETERMINED USING AN OUTSIDE SERVICE WHICH CALCULATES NEED FOR TUITION ASSISTANCE. THE FUNDS OR TUITION DISCOUNT IS THEN APPLIED AGAINST THE TUITION OBLIGATION AT THE SCHOOL. FAMILIES ARE ASKED TO NOTIFY THE SCHOOL IF THEIR FINANCIAL SITUATION CHANGES. X 1 1 X X X X 1 0 0 0 0 0 0 1 0 TYLER CASERTANO HEADMASTER 431776 0 84870 0 8400 0 33000 0 15574 0 573620 0 0 0 JAMES THORBURN ASSISTANT HEADMASTER 264907 0 0 0 47500 0 26491 0 7939 0 346837 0 0 0 PETER MAAS CFO 256250 0 0 0 0 0 9844 0 5760 0 271854 0 0 0 JAMES J GREYTOK JR HEAD OF MIDDLE SCHOOL 191564 0 0 0 30000 0 19156 0 12779 0 253499 0 0 0 JEFFREY DAY FORMER DIR. OF DEV. (UNTIL 06/23/23) 119831 0 0 0 104831 0 10483 0 7672 0 242817 0 0 0 MICHAEL MURPHY ATHLETIC DIRECTOR 177276 0 0 0 30000 0 17728 0 15262 0 240266 0 0 0 PAM GREENBLATT LOWER SCHOOL HEAD 165793 0 0 0 30000 0 16579 0 1956 0 214328 0 0 0 GEORGE WOOD SENIOR DIRECTOR OF MAJOR GIFTS 166097 0 0 0 0 0 16610 0 2230 0 184937 0 0 0 MARK FIFER UPPER SCHOOL HEAD 149958 0 0 0 0 0 14996 0 10731 0 175685 0 0 0 SARA ADKINS DEAN OF FACULTY 144958 0 0 0 0 0 14496 0 12722 0 172176 0 0 0 MICHELE TODD DIR. OF HUMAN RESOURCES 146682 0 0 0 0 0 14668 0 2283 0 163633 0 0 0 DONTA EVANS DIR. OF ADM. & ENROLLMENT MGNT. 133890 0 0 0 0 0 13389 0 15225 0 162504 0 0 0 PART I, LINE 1A HEADMASTER TYLER CASERTANO RECEIVED A CAR ALLOWANCE THAT WAS INCLUDED IN HIS TAXABLE WAGES. THE MARKET VALUE OF HIS CAR ALLOWANCE FOR 2023 WAS $8,400. THE FOLLOWING PERSONNEL ARE REQUIRED TO RESIDE ON CAMPUS AND THEIR HOUSING ALLOWANCES ARE LIKEWISE INCLUDED IN THEIR TAXABLE WAGES: JAMES THORBURN, PAM GREENBLATT, MICHAEL MURPHY, AND JEFFREY DAY. JAMES THORBURN ALSO RECEIVED A TAX GROSS-UP PAYMENT RELATED TO HIS TAXABLE HOUSING ALLOWANCES. PART I, LINE 4A JEFFREY DAY RECEIVED A SEVERANCE OF $104,831. PART I, LINE 7 THE HEADMASTER RECEIVED A BONUS BASED ON GOALS AND CRITERIA DETERMINED BY THE BOARD ON A DISCRETIONARY BASIS. THE CRITERIA WERE NOT BASED ON EITHER REVENUE OR NET EARNINGS. A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 613609K70 2019-08-29 31346737 REFINANCING PREVIOUS DEBT AND ADDITIONAL FUNDS FOR NEW CONSTRUCTION 0 0 0 A 31346737 280927 4065810 27000000 2020 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 KATHERINE THORBURN KATHERINE THORBURN IS THE SPOUSE OF JAMES THORBURN, A KEY EMPLOYEE 138798 KATHERINE THORBURN IS AN EMPLOYEE AS IS HER SPOUSE, JAMES THORBURN. KATHERINE'S SALARY AND BENEFITS ARE BEING REPORTED. KATHERINE DOES NOT REPORT TO JAMES NOR DOES JAMES PARTICIPATE IN SALARY DISCUSSIONS RELATED TO KATHERINE. 0 X 172041 PURCHASE PRICE 0 0 1 0 PART I, COLUMN (B): THE NUMBERS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A SOMETIMES THE BROADER BOARD WILL VOTE TO GIVE AUTHORITY TO THE EXECUTIVE COMMITTEE, COMPOSED OF THE CHAIR, THE VICE CHAIR, SECRETARY, TREASURER, THREE OTHER MEMBERS AND THE HEADMASTER. THE SCOPE IS ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 11B THE INITIAL REVIEW IS UNDERTAKEN BY THE CHIEF FINANCIAL OFFICER. ONCE THE CFO APPROVES, THE SCHOOL WILL THEN CIRCULATE THE RETURN IN ITS ENTIRETY TO THE FULL BOARD FOR COMMENTS OR QUESTIONS BEFORE THE RETURN IS TRANSMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD OF TRUSTEES IS REQUIRED TO COMPLETE A QUESTIONNAIRE TO HIGHLIGHT ANY CONFLICTS. BUSINESS AND PERSONAL RELATIONSHIPS ARE SPECIFICALLY MENTIONED IN THE POLICY AS HAVING POTENTIAL FOR CONFLICTS OF INTEREST. THE CHIEF FINANCIAL OFFICER REVIEWS THE FORMS ANNUALLY TO DETERMINE IF ANY CONFLICTS EXIST. IF A POTENTIAL CONFLICT ARISES, THE BOARD MEMBER, OFFICER, OR KEY EMPLOYEE IN QUESTION RECUSES HIMSELF OR HERSELF FROM ANY VOTES OR DECISIONS RELATED TO THE CONFLICT. OFFICERS AND KEY EMPLOYEES ARE HELD RESPONSIBLE FOR ANY POTENTIAL CONFLICTS UNDER THE SCHOOL'S "CODE OF CONDUCT" POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES AND THE EXECUTIVE COMMITTEE. THEY ENGAGE AN OUTSIDE CONSULTANT FOR ASSISTANCE IN DETERMINING THE HEAD OF SCHOOL'S CONTRACT. THE CONSULTANT BENCHMARKS/SAFE HARBORS AGAINST OTHER HEADS OF SCHOOL IN THE INDUSTRY TO ENSURE THE HEAD OF SCHOOL'S COMPENSATION IS WITHIN FAIR MARKET RANGE. THE CURRENT HEAD OF SCHOOL STARTED IN 2021, AND HAS A CONTRACT THROUGH 2026. CHANGES SUCH AS THE NEW HEAD OF SCHOOL'S EMPLOYMENT CONTRACT ARE DOCUMENTED IN THE BOARD MINUTES. OTHER KEY EMPLOYEES' SALARIES ARE ANNUALLY BENCHMARKED WITH SALARY INFORMATION FROM SIMILAR LOCAL SCHOOLS, BY THE DIRECTOR OF HUMAN RESOURCES. THE HEAD OF SCHOOL DETERMINES COMPENSATION FOR OTHER KEY EMPLOYEES. THE HEAD OF SCHOOL CONSULTS WITH THE CHAIRMAN OF THE BOARD OF TRUSTEES AND FINANCE COMMITTEE CHAIR ON OTHER KEY EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 8,667. FRIENDS OF HAVERFORD SCHOOL ROWING 450 LANCASTER AVE HAVERFORD PA 19041 232579468 STRENGTHEN AND PRESERVE CREW PROGRAM PA 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0