2026-05-12T09:33:48-05:00 2025-06-30 251467156 SISTERSON & CO LLP 501 GRANT STREET SUITE 450 PITTSBURGH PA 15219 990 2024-07-01 250965329 THE ELLIS SCHOOL ELLI 4126615992 6425 FIFTH AVENUE PITTSBURGH PA 15206 ELYSE CASTELLANO COO/CFO 4126615992 2026-05-12 1 0 MELISSA PUGNE P01288890 4122812025 2024 2025-03-06 01:10:19Z ELYSE CASTELLANO 6425 FIFTH AVENUE PITTSBURGH PA 15206 85255626 0 X WWW.THEELLISSCHOOL.ORG X 1916 PA AN INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR GIRLS FROM AGE THREE THROUGH TWELFTH GRADE. 18 18 204 20 6129 0 1481642 1069732 11766109 12640069 1465673 2501738 238655 11376 14952079 16222915 4154873 4449482 0 0 7568356 7780369 0 0 592931 4025866 5619579 15749095 17849430 -797016 -1626515 53884455 54492173 6791138 7204257 47093317 47287916 X AN INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR GIRLS FROM AGE THREE THROUGH TWELFTH GRADE. 0 0 15783957 4449482 12640069 THE ELLIS SCHOOL IS PITTSBURGH'S ONLY AGE 3 TO GRADE 12 INDEPENDENT SCHOOL DEDICATED TO THE EDUCATION OF GIRLS, MAKING ELLIS A UNIQUE REGIONAL RESOURCE. ELLIS IS COMMITTED TO PREPARING, EMPOWERING, AND INSPIRING EACH AND EVERY GIRL THROUGH AN EXCELLENT EDUCATION IN AN ALL-GIRLS ENVIRONMENT. THE ELLIS EXPERIENCE IS BOTH NURTURING AND ACADEMICALLY CHALLENGING; ELLIS GIRLS ARE FREE TO KNOW THEMSELVES, DISCOVER THEIR GIFTS, AND FIND THEIR OWN VOICES, ALL OF WHICH MAXIMIZE GIRLS' INTELLECTUAL, PHYSICAL, EMOTIONAL, AND SOCIAL GROWTH. AT ELLIS, GIRLS OF ALL AGES LEARN TO TAKE ACADEMIC RISKS, WORK COLLABORATIVELY, ASK QUESTIONS, AND PURSUE THEIR DREAMS. WITH A TOTAL ENROLLMENT OF 404 STUDENTS, THE AVERAGE CLASSROOM SIZE IS 12-14 STUDENTS. OF OUR 61 FACULTY MEMBERS, 67 PERCENT HOLD MASTER'S DEGREES AND 1 MEMBER HOLD PHDS. WITH AN OVERALL STUDENT-TO-TEACHER RATIO OF 6:1, STUDENTS ACROSS ALL DIVISIONS BENEFIT FROM AN INTIMATE LEARNING ENVIRONMENT AND INDIVIDUAL ATTENTION. THE STUDENT BODY REPRESENTS 61 ZIP CODES AND 27 SCHOOL DISTRICTS, WITH 53.4 PERCENT OF STUDENTS RECEIVING NEED-BASED FINANCIAL AID AWARDS AND SCHOLARSHIPS. ONE HUNDRED YEARS OF ELLIS EDUCATIONAL EXCELLENCE HAS RESULTED IN 3,000+ ALUMNAE WHO COMPRISE AN INTERNATIONAL NETWORK OF SUPPORT FOR ELLIS STUDENTS. 15783957 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 32 0 1 204 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X ELYSE CASTELLANOCHIEF OPERATING AN 4124412593 6425 FIFTH AVENUE PITTSBURGH PA 15206 JOSEPH SCHMID BOARD CHAIR 1.00 X X 0 0 0 CELIA SOEHNER VICE-CHAIR 1.00 X X 0 0 0 BARB ROSSTON TREASURER 1.00 X X 0 0 0 CHRISTINE NALITZ SECRETARY 1.00 X X 0 0 0 ALEXIS ALLEN TRUSTEE 1.00 X 0 0 0 SARAH BUMSTED TRUSTEE 1.00 X 0 0 0 SHARAE CURD TRUSTEE 1.00 X 0 0 0 ELYSE CASTELLANO TRUSTEE 1.00 X 0 0 0 PATRICK KOEPPL TRUSTEE 1.00 X 0 0 0 DORA MAGOVERN TRUSTEE 1.00 X 0 0 0 VANESSA JAMESON TRUSTEE 1.00 X 0 0 0 ELEANORA KALOYEROPOULOU TRUSTEE 1.00 X 0 0 0 CHARLES KRIMMEL TRUSTEE 1.00 X 0 0 0 ARIEL LEVAVI-MEEDER TRUSTEE 1.00 X 0 0 0 WALT MANCING TRUSTEE 1.00 X 0 0 0 COURTNEY MCGRORY TRUSTEE 1.00 X 0 0 0 CORINNE SMITH TRUSTEE 1.00 X 0 0 0 COLLEEN SIMONDS TRUSTEE 1.00 X 0 0 0 CRYSTAL WARE LEFT 43025 TRUSTEE 1.00 X 0 0 0 LAUREN BEDELL DIRECTOR OF FINANCE AND OPERATIONS 40.00 X 156437 0 14522 LAUREN LASCHON ASSISTANT HEAD OF SCHOOL 40.00 X 122478 0 15489 CLAIRE DEVEREUX DIRECTOR OF ADVANCEMENT AN 40.00 X 125150 0 13173 TAMBI TYLER HEAD OF SCHOOL 40.00 X 125000 0 9600 MACON FINLEY RETIRED FORMER HEAD OF SCHOOL 40.00 X 130050 0 12454 659115 0 65238 5 1 1 0 HHS EDUCATION SERVICES LLC PO BOX 735117 DALLAS TX 75373 FACILITIES MANAGEMENT 614420 CULINART GROUP PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 613508 JENDOCO CONSTRUCTION CORP 2000 LINCOLN ROAD PITTSBURGH PA 15235 CONSTRUCTION SERVICES 472388 COMDATA PO BOX 100647 ATLANTA GA 30384 MERCHANT SERVICES 423992 4 40000 1029732 69920 1069732 TUITION 900099 12233092 12233092 AUXILIARY ACTIVITIES 900099 406977 406977 12640069 842734 6129 836605 70691715 69032711 1659004 1659004 1659004 MISCELLANEOUS 900099 11376 11376 11376 16222915 12651445 6129 2495609 4449482 4449482 277103 277103 6186605 5656952 208038 321615 360736 315685 28368 16683 480544 450103 4521 25920 475381 419468 33867 22046 131300 131300 35306 35306 141516 71536 56036 13944 130120 87901 33128 9091 532737 372916 106547 53274 410883 328706 73959 8218 4035 2883 979 173 457299 351828 69482 35989 109087 109087 881836 846562 17637 17637 UTILITIES REPAIR AND MA 1629880 1304023 272711 53146 FOOD SERVICE EXPENSE 602683 602683 INSTRUCTIONAL EXPENSES 439802 439802 113095 83427 14473 15195 17849430 15783957 1472542 592931 4269266 2880583 2500 2500 287484 165203 5773 5773 137489 145339 30606240 19769984 11238868 10836256 33395442 36184683 4547633 4271836 53884455 54492173 96230 328530 881253 1059944 5718444 5718444 95211 97339 6791138 7204257 X 22705248 21793461 24388069 25494455 47093317 47287916 53884455 54492173 -1626515 1821114 0 X X 0 1 X 1 0 X 2276620 2032873 1173060 1481642 1069732 8033927 2276620 2032873 1173060 1481642 1069732 8033927 84499 7949428 705938 683012 784152 814104 842734 3829940 92220 140902 122474 218603 11376 585575 12449442 56029933 0.63850 0.58430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38181110 84221 4197834 612458 1415549 40435158 36026536 25637 4158259 225514 1803808 38181110 35300892 175515 2516029 220301 1745599 36026536 40150477 362740 -3387609 327320 1497396 35300892 32089614 822563 9073915 437969 1397646 40150477 0.37080 0.00000 0.62920 0 0 1984272 1984272 19222756 12375616 6847140 1704704 1636859 67845 7694508 5757509 1936999 10836256 TIFF KEYSTONE FUND 4271836 F 4271836 AGENCY FUND - STUDENT ACTIVITIES AND CLUBS 97339 97339 X 13594547 1821114 1821114 11773433 4449482 4449482 16222915 13399948 0 13399948 4449482 4449482 17849430 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF VARIOUS INVESTMENT FUNDS ESTABLISHED PRIMARILY FOR SUPPORT OF THE SCHOOL'S MISSION. ITS ENDOWMENT INCLUDES DONOR RESTRICTED AS WELL AS BOARD DESIGNATED ENDOWMENT FUNDS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS ON THE STATEMENTS OF FINANCIAL POSITION. THE ORIGINAL FAIR VALUES OF GIFTS DONATED TO THE ENDOWMENT ARE CONSIDERED TO BE HELD IN PERPETUITY, AND ACCORDINGLY, THE SCHOOL CLASSIFIES SUCH GIFTS AS NET ASSETS WITH DONOR RESTRICTIONS. EARNINGS ON THESE GIFTS ARE ALSO ACCUMULATED IN NET ASSETS WITH DONOR RESTRICTIONS AND ARE CONSIDERED TO BE PURPOSE RESTRICTED. AS OF JUNE 30, 2025, ONE DONOR RESTRICTED ENDOWMENT FUND WITH A SHORTFALL HAD AN AGGREGATED ORIGINAL GIFT AMOUNT OF $258,242 AND CURRENT FAIR VALUE OF $52,531 AND A DEFICIENCY OF $205,711. AS OF JUNE 30, 2024, TWO DONOR-RESTRICTED ENDOWMENT FUNDS WITH A SHORTFALL HAD AN AGGREGATED ORIGINAL GIFT AMOUNT OF $736,232 AND CURRENT FAIR VALUE OF $70,352 AND A DEFICIENCY OF $665,880. THESE INVESTMENTS WERE INCLUDED IN THE SPENDING POLICY CALCULATION FOR 2025 AND 2024. THE BOARD OF THE SCHOOL HAS ELECTED TO BE GOVERNED BY THE COMMONWEALTH OF PENNSYLVANIA'S ACT 141 ("ACT 141"). ACT 141 PERMITS ADOPTION OF A TOTAL RETURN POLICY THAT ALLOWS A CHARITY TO CHOOSE TO TREAT A PERCENTAGE OF THE AVERAGE FAIR VALUE OF THE ENDOWMENT'S RESTRICTED INVESTMENTS AS INCOME EACH YEAR. IN ACCORDANCE WITH ACT 141, THE SCHOOL HAS ADOPTED A SPENDING POLICY THAT STATES THE SPENDABLE RETURN IN ANY YEAR SHALL EQUAL BETWEEN 2% AND 7% OF THE TRAILING 12-QUARTER AVERAGE FAIR VALUE OF THE ENDOWMENT ENDING ON JUNE 30 OF THE PRECEDING YEAR. THE SCHOOL HAS USED A SPENDING RATE OF APPROXIMATELY 5.8% FOR BOTH THE YEARS ENDED JUNE 30, 2025 AND 2024. THE SPENDABLE RETURN APPROXIMATED $2,140,000 FOR BOTH THE YEARS ENDED JUNE 30, 2025 AND 2024. FROM TIME TO TIME, THE BOARD MAY APPROVE AN ADDITIONAL DRAW OF BOARD DESIGNATED ENDOWMENT FUNDS. THE BOARD APPROVED ADDITIONAL DRAWS OF BOARD DESIGNATED AND DONOR RESTRICTED ENDOWMENT FUNDS TOTALING $260,000 AND $240,000 FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, RESPECTIVELY. THE SCHOOL CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO SET A SPENDING RATE: (A.) PROTECTING THE CORPUS OF THE ENDOWMENT FUND; (B.) PRESERVING THE SPENDING POWER OF THE ASSETS; (C.) OBTAINING MAXIMUM INVESTMENT RETURN WITH REASONABLE RISK AND OPERATIONAL CONSIDERATION; AND, (D.) COMPLYING WITH APPLICABLE LAWS. FURTHERMORE, IN ACCORDANCE WITH ACT 141, THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A REASONABLE LEVEL OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO ENHANCE THE PURCHASING POWER OF THE FUND'S CORPUS BY STRIVING FOR LONG TERM GROWTH. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT EXCEED THE PRICE AND YIELD RESULTS OF A BLENDED BENCHMARK OF EQUITY, FIXED INCOME, AND PRIVATE EQUITY. PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND FURTHER, IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE SCHOOL HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS REQUIRING AN ACCRUAL OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR THE YEARS BEFORE 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 4,449,482. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 4,449,482. 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 NON-DISCRIMINATORY POLICY IS PUBLISHED IN SCHOOL CAREER PAGE AND SCHOOL EMPLOYMENT ADS. THERE IS A DIVERSITY SECTION ON THE SCHOOL'S WEBSITE, WWW.THEELLISSCHOOL.ORG, THAT CAN BE VIEWED BY THE PUBLIC. SCHEDULE E, PART I, LINE 6 THE COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF EDUCATION HAS ESTABLISHED AN ALLOTMENT UNDER ACTS 195/90/35 FOR THE PURCHASE AND LOAN OF TEXTBOOKS AND INSTRUCTIONAL MATERIALS TO SCHOOLS WHOSE STUDENTS ARE PENNSYLVANIA RESIDENTS ENROLLED IN KINDERGARTEN THROUGH GRADE 12 AND WHOSE TUITION IS NOT PAID BY STATE OR OTHER PUBLIC FUNDS. THE ALLOTMENT FOR THE SCHOOL FOR THE 2023-2024 SCHOOL YEAR WAS $67,226. THE SCHOOL DID NOT RECEIVE AN ALLOTMENT FOR THE 2024-2025 SCHOOL YEAR. THE AMOUNT WAS FULLY UTILIZED BY THE SCHOOL IN THE YEAR RECEIVED AND REPORTED WITHIN INSTRUCTION-RELATED EXPENSES IN THE 2024 STATEMENT OF FUNCTIONAL EXPENSES. VARIOUS INVESTMENTS 55152 0 0 0 0 0 0 55152 0 55152 1 0 0 1 0 0 1 SCHOLARSHIPS AND FINANCIAL AID 207 4017739 N/A N/A TUITION REMISSION 27 431743 N/A N/A PART I, LINE 2: FINANCIAL AID IS BASED ON FINANCIAL NEED. FAMILIES APPLYING FOR FINANCIAL AID, SUBMIT AN APPLICATION EACH YEAR TO FINANCIAL AID. THE ORGANIZATION, (SSS.NAIS), WILL ULTIMATELY ACCESS THE APPLICATION AND ASSESS A FAMILY'S ABILITY TO PAY FOR AN INDEPENDENT EDUCATION. ONCE A STUDENT HAS BEEN ADMITTED WITH FINANCIAL AID, HER AID, COMPUTED ON A PERCENT OF TUITION BASIS, WILL FOLLOW HER UNTIL SHE LEAVES THE SCHOOL, PROVIDED SHE IS IN GOOD STANDING AND HER FAMILY'S CIRCUMSTANCES HAVE NOT CHANGED. THE SCHOOL WILL CONSIDER OFFERING FINANCIAL AID TO A STUDENT WHO DID NOT RECEIVE FINANCIAL AID PREVIOUSLY IF HER FAMILY'S FINANCIAL CIRCUMSTANCES CHANGED SUBSTANTIALLY. TO PROTECT THE PRIVACY OF THE FAMILIES, INFORMATION ABOUT FINANCIAL AID RECIPIENTS IS NOT MADE PUBLIC. NEW EMPLOYEES WITH 45% OR MORE FTE (FULL TIME EQUIVALENCY) ARE ELIGIBLE FOR 50% TUITION REMISSION FOR DAUGHTERS ENROLLED AT ELLIS. EMPLOYEES ARE ELIGIBLE TO APPLY FOR FINANCIAL AID FOR THE BALANCE OF TUITION IF THEY CHOOSE. FINANCIAL AID FORMS NEED TO BE COMPLETED AND SUBMITTED TO THE ADMISSIONS OFFICE EACH YEAR THE CHILD IS ENROLLED. EMPLOYEES WHO WERE HIRED UNDER THE FORMER 90% TUITION REMISSION RATE, WHO STILL MEET THE 45% ELIGIBILITY REQUIREMENT, WILL CONTINUE TO RECEIVE FULL TUITION AT THE 90% RATE FOR ALL CURRENT AND FUTURE DAUGHTERS ENROLLED AT THE ELLIS SCHOOL. X X X X 0 0 0 0 0 0 0 0 0 LAUREN BEDELL DIRECTOR OF FINANCE AND OPERATIONS 156437 0 0 0 0 0 7822 0 6700 0 170959 0 0 0 MACON FINLEY RETIRED FORMER HEAD OF SCHOOL 130050 0 0 0 0 0 9104 0 3350 0 142504 0 0 0 X 55 19920 FMV ON DATE OF CONTRIBUT X 50 50000 FMV ON DATE OF CONTRIBUT 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD BETWEEN MEETINGS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE TEAM AND HEAD OF SCHOOL REVIEW THE FORM 990. THE PUBLIC DISCLOSURE COPY OF THE FORM 990 IS AVAILABLE TO THE BOARD OF TRUSTEES UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C AT THE SEPTEMBER MEETING OF THE BOARD OF TRUSTEES, EACH MEMBER IS GIVEN THE CONFLICT OF INTEREST DISCLOSURE STATEMENT TO COMPLETE AND SIGN. THE SECRETARY OF THE BOARD IS RESPONSIBLE FOR REVIEWING AND MONITORING THE COMPLETED FORMS. THE SECRETARY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY AT THE MEETINGS AND NOTES ANY CONFLICT IN THE BOARD OF TRUSTEES MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL, THE TOP MANAGEMENT OFFICIAL, IS COMPENSATED. MEMBERS OF THE BOARD OF TRUSTEES ARE NOT COMPENSATED. WHEN MS. TYLER BECAME HEAD OF SCHOOL IN 2024, HER COMPENSATION WAS DETERMINED BY THE EXECUTIVE COMMITTEE AND APPROVED BY THE ENTIRE BOARD. HER COMPENSATION WAS DETERMINED USING AS A COMPARISON GROUP THE COMPENSATION OF HEADS OF INDEPENDENT SCHOOLS IN THE REGION. THE HEAD OF SCHOOL DETERMINES THE PAY OF OTHER OFFICERS AND KEY EMPLOYEES BASED ON COMPARABLE SALARY DATA FROM OTHER INDEPENDENT SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE ELLIS SCHOOL MAKES ITS GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE SCHOOL'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE SCHOOL'S BOARD ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HANDLES THE SELECTION PROCESS OF THE INDEPENDENT AUDITORS AND RECOMMENDS TO THE BOARD OF TRUSTEES FOR ITS APPROVAL. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.