2024-04-02T12:26:35-05:00 2023-06-30 251638525 GROSSMAN YANAK & FORD LLP THREE GATEWAY CTR STE 1800 PITTSBURGH PA 15222 990 2022-07-01 250965558 SEWICKLEY ACADEMY SEWI 4127412230 315 ACADEMY AVENUE SEWICKLEY PA 15143 DAVID DENARDO CHIEF FINANCIAL &OPERATIONS OFFICER 4127412230 2024-03-06 1 DAVID DENARDO XXX-XX-XXXX 1 RICHARD E DYNOSKE P00095538 4123389300 2024-02-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID DENARDO 315 ACADEMY AVENUE SEWICKLEY PA 15143 28201934 0 X WWW.SEWICKLEY.ORG X 1838 PA SEWICKLEY ACADEMY INSPIRES AND EDUCATED STUDENTS TO ENGAGE THEIR HEARTS, MINDS, AND HANDS TO CULTIVATE THEIR FULL INDIVIDUAL AND COLLECTIVE POTENTIAL IN THE SERVICE OF A GREATER GOOD. 15 15 233 140 0 0 7567867 6490213 15787346 13866274 4664922 617965 310692 388573 28330827 21363025 2775580 3189292 0 0 12497708 11963452 0 0 815193 6783113 9261136 22056401 24413880 6274426 -3050855 76396040 76051339 6980073 5732108 69415967 70319231 SEWICKLEY ACADEMY INSPIRES AND EDUCATES STUDENTS TO ENGAGE THEIR HEARTS, MINDS, AND HANDS TO CULTIVATE THEIR FULL INDIVIDUAL AND COLLECTIVE POTENTIAL IN THE SERVICE OF A GREATER GOOD. 0 0 13534420 3189292 13101477 AS PITTSBURGH OLDEST CO-EDUCATIONAL COLLEGE PREPARATORY, INDEPENDENT DAY SCHOOL, SEWICKLEY ACADEMY PREPARES ITS STUDENTS FOR A LIFETIME OF SUCCESS BY INSPIRING THEM TO REACH THEIR FULL POTENTIAL AS CURIOUS, COURAGEOUS, AND COMPASSIONATE LEARNERS. THE STUDENT BODY IS HIGHLY DIVERSE AND RESIDE IN VARIOUS SCHOOL DISTRICTS IN THE TRI-STATE AREA. EXCEPTIONAL PROGRAMS, SMALL CLASSES, AND TALENTED FACULTY HELP STUDENTS BECOME CONSCIENTIOUS LEADERS, CRITICAL THINKERS, AND RESPONSIBLE MEMBERS OF A GLOBAL COMMUNITY. ACHIEVEMENTS CAN BE FOUND AT THE ACADEMY'S WEBSITE. 13534420 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 73 0 233 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X DAVID DENARDO 4127412230 315 ACADEMY AVENUE SEWICKLEY PA 15143 ASHLEY BROWN BIRTWELL HEAD OF SCHOOL, EX-OFFICIO 50.00 X X 460158 0 30500 DENNIS ZEITLER TREASURER 1.00 X X 0 0 0 DIVYA THADANI SECRETARY 1.00 X X 0 0 0 ASHVIN RAGOOWANSI TRUSTEE 1.00 X 0 0 0 GLEN MEAKEM TRUSTEE 1.00 X 0 0 0 KATE POPPENBERG PIGMAN CHAIR 1.00 X X 0 0 0 KEVIN PARK TRUSTEE 2.00 X 0 0 0 PETER SCHRAMM TRUSTEE 1.00 X 0 0 0 RACHEL LOREY ALLEN VICE CHAIR 1.00 X X 0 0 0 RYAN PURPURA TRUSTEE 1.00 X 0 0 0 STEPHANIE MENZOCK TRUSTEE 1.00 X 0 0 0 ROBERTO ORTIZ TRUSTEE 1.00 X 0 0 0 BRADLEY BUSATTO OFFICER AT LARGE 1.00 X X 0 0 0 JOE ZALUSKI TRUSTEE 1.00 X 0 0 0 RODNEY SMITH TRUSTEE 1.00 X 0 0 0 DAVID DENARDO CHIEF FINANCIAL & OPERATIO 50.00 X 182250 0 34376 JIM MILLER DIRECTOR OF BUILDINGS AND 50.00 X 135297 0 27465 SHANNON MULHOLLAND HEAD OF MIDDLE SCHOOL 50.00 X 131716 0 24982 WIN PALMER DIRECTOR OF ATHLETICS 50.00 X 172118 0 50103 JERILYN SCOTT HEAD OF LOWE SCHOOL 50.00 X 122332 0 15812 DAVID FORTNA CHIEF EXTERNAL AFFAIRS OFFICER 50.00 X 135476 0 17154 KOLIA O'CONNOR FORMER HEAD OF SCHOOL 50.00 X 247817 0 0 RYAN BAXTER FORMER HEAD OF LOWER SCHOOL 50.00 X 112354 0 0 1699518 0 200392 16 1 1 0 MOSITES CONSTRUCTION COMPANY 400 MOSITES WY PITTSBURGH PA 15205 SERVICES 669327 LGA PARTNERS 444 LIBERTY AVE 1500 PITTSBURGH PA 15222 SERVICES 567901 SYNERGI PARTNERS INC 151 W EVANS ST FLORENCE SC 29501 SERVICES 421091 REED SMITH LLP 20 STANWIX STREET SUITE 1200 PITTSBURGH PA 15222 SERVICES 109464 C4CS LLC 425 FIRST AVENUE PITTSBURGH PA 15219 SERVICES 106988 5 86198 6404015 6490213 TUITION 611600 13851715 13851715 ACTIVITIES & SPECIAL FEES 611600 14559 14559 13866274 1421303 1421303 34057 0 34057 34057 34057 5826860 3000 6633198 0 -806338 3000 -803338 -803338 555743 205711 350032 350032 4484 0 4484 4484 21363025 13101477 0 1771335 3189292 3189292 1290570 1290570 8596267 7321661 807183 467423 644440 477558 143957 22925 731003 567834 117679 45490 701172 532484 134115 34573 72338 72338 50115 50115 309896 122144 187752 57030 57030 7511 7511 210859 210859 112857 112857 145829 145829 164181 164181 4519570 4519570 PROPERTY MAINTENANCE 1118490 1118490 EDUCATIONAL CLASSROOM 841754 841754 OTHER EXPENSE 815510 815510 TR EXPENSES 760037 760037 75159 4637 70522 24413880 13534420 10064267 815193 195 196 3562477 2100862 3008207 2244845 59675 42107 99367 100615 35406 6100 59321081 27138942 33045892 32182139 36424191 39158702 160630 215773 76396040 76051339 2140296 1351397 179076 136000 4639271 4158538 21430 86173 6980073 5732108 X 64297727 64363582 5118240 5955649 69415967 70319231 76396040 76051339 X -3050855 3951986 -62609 64743 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36401425 213930 4444564 1861814 62609 39135496 45414038 42003 -7212249 1787243 55124 36401425 35525475 961736 10694874 1725293 42754 45414038 34991150 598895 1722945 1748905 38610 35525475 35212261 1500002 1682657 38456 34911150 0.69548 0.23369 0.07082 0 0 6996066 6996066 48496664 25701173 22795491 2875207 1437769 1437438 953144 953144 32182139 PRIVATE EQUITY SECURITIES 23205 C MUTUAL FUNDS 39135497 C 39158702 INTEREST RATE SWAP 86173 86173 X 22127853 3951986 2134 3954120 18173733 3189292 3189292 21363025 21224589 0 21224589 3189292 3189292 24413881 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE FINANCIAL SUPPORT TO THE ACADEMY FOR OPERATIONS AND CAPITAL PROJECTS. PART X, LINE 2: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST RATE SWAP 64,743. INVESTMENT EXPENSE -62,609. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID & REMISSION 3,189,292. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID & REMISSION 3,189,292. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 BROCHURES, CATALOGUES, ANNOUNCEMENTS AND SCHOLARSHIP FORMS ARE ON FILE AT THE ACADEMY AND ARE AVAILABLE FOR SUBMISSION UPON REQUEST. AUCTION 470658 470658 135798 HANSEN GOLF OUTING 85085 85085 33820 36093 555743 555743 205711 205711 350032 1 FINANCIAL AID 119 1738759 FMV TUITION REMISSION 40 930114 FMV PART I, LINE 2: THE GRANTS TO INDIVIDUALS REPRESENT TUITION SCHOLARSHIPS AND REMISSION GRANTS BY THE ACADEMY TO A SECLTION OF STUDENTS. THE ACADEMY DETERMINES THE ELIGIBILITY FOR THE SCHOLARSHIPS BASED ON ACADMIC ABILITY AND FINANCIAL NEED OF THE STUDENT, AS WELL AS THE BUDGETED REVENUES AND EXPENSES OF THE ACADEMY. NO FURTHER MONITORING OF THE FUNDS ARE REQUIRED AS NO SPECIFIC REQUIREMENTS ARE APPLICABLE OTHER THAN THE STUDENT'S CONTINUED ADMISSION WITHIN THE ACADEMY. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ASHLEY BROWN BIRTWELL HEAD OF SCHOOL, EX-OFFICIO 382000 0 0 0 78158 0 15250 0 15250 0 490658 0 0 0 KOLIA O'CONNOR FORMER HEAD OF SCHOOL 247817 0 0 0 0 0 0 0 0 0 247817 0 0 0 WIN PALMER DIRECTOR OF ATHLETICS 157704 0 0 0 14414 0 11039 0 39064 0 222221 0 0 0 DAVID DENARDO CHIEF FINANCIAL & OPERATIO 181500 0 0 0 750 0 12705 0 21671 0 216626 0 0 0 JIM MILLER DIRECTOR OF BUILDINGS AND 134741 0 0 0 556 0 9432 0 18033 0 162762 0 0 0 SHANNON MULHOLLAND HEAD OF MIDDLE SCHOOL 131174 0 0 0 542 0 9182 0 15800 0 156698 0 0 0 DAVID FORTNA CHIEF EXTERNAL AFFAIRS OFFICER 135476 0 0 0 0 0 9483 0 7671 0 152630 0 0 0 RYAN BAXTER FORMER HEAD OF LOWER SCHOOL 112354 0 0 0 0 0 0 0 0 0 112354 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SUBMITTED TO THE CHIEF FINANCIAL & OPERATIONS OFFICER FORM 990, PART VI, SECTION B, LINE 12C BUSINESS OFFICE AND HEAD OF SCHOOL OFFICE ARE AWARE OF POTENTIAL CONFLICTS AND MONITOR DURING NORMAL COURSE OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 15 THE BUSINESS OFFICE PROVIDES THE EXECUTIVE COMMITTEE OF THE BOARD BENCHMARK DATA FROM THE NATIIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ON HEADS OF SCHOOL ANNUALLY. ALL ADMINISTRATIVE AND FACULTY SALARIES ARE REVIEWED ANNUALLY AND BENCHMARKED AGAINST PEER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON VERBAL REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED INTERST RATE SWAP ADJUSTMENTS 64,743. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.