PARK TUDOR FOUNDATION INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- PARK TUDOR FOUNDATION INC (EIN 35-0909976)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-04-29
- IRS object ID
- 202411209349301416
- Schema version
- 2022v5.0
- 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 G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-04-29T14:03:38-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 352123203 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KSM BUSINESS SERVICES INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 40857 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46240 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 350909976 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PARK TUDOR FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PARK | BusinessNameControlTxt |
| Phone | 3174152700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7200 NORTH COLLEGE AVENUE | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46240 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARTY MEHRINGER | PersonNm |
| Person Title | CFOO | PersonTitleTxt |
| Phone | 3174152853 | PhoneNum |
| Signature | 2024-04-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MARTY | PersonFirstNm |
| Person Last | MEHRINGER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CASSE TATE | PreparerPersonNm |
| PTIN | P01271193 | PTIN |
| Phone | 3175802000 | PhoneNum |
| Preparation | 2024-04-24 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARTY MEHRINGER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7200 NORTH COLLEGE AVENUE | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46240 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $31,192,485 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTP://WWW.PARKTUDOR.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1968 | FormationYr |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Activity Or Mission | TO CREATE AN INSPIRING COLLEGE-PREPARATORY LEARNING ENVIRONMENT, WITH EXCEPTIONAL EDUCATORS AND EXTRAORDINARY OPPORTUNITIES, THAT PREPARES AND MOTIVES STUDENTS TO BECOME BALANCED, CONFIDENT, AND RESOURCEFUL LIFELONG LEARNERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 391 | TotalEmployeeCnt |
| Total Volunteers | 800 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,561,994 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,753,057 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $24,771,579 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $26,890,111 | CYProgramServiceRevenueAmt |
| PY Investment Income | $119,792 | PYInvestmentIncomeAmt |
| CY Investment Income | $363,009 | CYInvestmentIncomeAmt |
| PY Other Revenue | $72,031 | PYOtherRevenueAmt |
| CY Other Revenue | $92,503 | CYOtherRevenueAmt |
| PY Total Revenue | $29,525,396 | PYTotalRevenueAmt |
| CY Total Revenue | $31,098,680 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,484,515 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,778,406 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,573,844 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $19,025,470 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,033,186 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,844,881 | PYOtherExpensesAmt |
| CY Other Expenses | $11,446,586 | CYOtherExpensesAmt |
| PY Total Expenses | $30,903,240 | PYTotalExpensesAmt |
| CY Total Expenses | $34,250,462 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,377,844 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,151,782 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $70,183,584 | TotalAssetsBOYAmt |
| Total Assets EOY | $68,003,278 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $21,338,158 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $22,286,583 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $48,845,426 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $45,716,695 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO CREATE AN INSPIRING COLLEGE-PREPARATORY LEARNING ENVIRONMENT, WITH EXCEPTIONAL EDUCATORS AND EXTRAORDINARY OPPORTUNITIES, THAT PREPARES AND MOTIVES STUDENT TO BECOME BALANCED, CONFIDENT, AND RESOURCEFUL LIFELONG LEARNERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $28,482,718 | ExpenseAmt |
| Grant | $3,778,406 | GrantAmt |
| Revenue | $26,890,111 | RevenueAmt |
| Desc | TO PROVIDE PRIVATE EDUCATION FOR 990 STUDENTS AGES 3 THROUGH GRADE 12. | Desc |
| Total Program Service Expenses | $28,482,718 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 68 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 391 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARTY MEHRINGER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3174152853 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7200 N COLLEGE AVE | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46240 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| CATHY FERREE | |||||||||
| PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ANDREA HAILEY | |||||||||
| VICE PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JUSTIN CHRISTIAN | |||||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| CARLIE IRSAY-GORDON | |||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ANNA MARIA STORNIOLO | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ERSAL OZDEMIR | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ERIC GERSHMAN | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SCOTT MOOREHEAD | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DENISE CORDINGLEY | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| LEIGH ANN LAUTH-O'NEILL | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| AMAN BRAR | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JONATHAN POLAK | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| THEODORE SCHENBERG | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANOOP SONDHI | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANAT ASHKENAZI | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| RYAN NAGY | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARYA E JONES | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DENNIS BISGAARD | |||||||||
| INTERIM HEAD OF SCHOOL TO 6/30/23 | 40.00 | Yes (X) | $290,492 | $0 | $78,074 | ||||
| MARY CASSIDY | |||||||||
| CFO TO 7/31/22 | 40.00 | Yes (X) | $112,483 | $0 | $9,341 | 1.00 | |||
| HUIQIN ZHANG | |||||||||
| CFO 7/18/22 TO 5/26/23 | 40.00 | Yes (X) | $90,438 | $0 | $22,516 | ||||
| SHANTS HART | |||||||||
| ASSOC. HEAD OF SCHOOL TO 6/30/23 | 40.00 | $246,011 | $0 | $21,040 | Yes (X) | ||||
| KELLY TELLER | |||||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | $162,538 | $0 | $31,870 | Yes (X) | ||||
| BILL BISHOP | |||||||||
| FACILITIES DIRECTOR | 40.00 | $130,039 | $0 | $85,433 | Yes (X) | ||||
| COURTNEY WHITEHEAD | |||||||||
| DIRECTOR OF ATHLETICS | 40.00 | $134,088 | $0 | $26,046 | Yes (X) | ||||
| MARY MCGONAGLE | |||||||||
| DIRECTOR OF LOWER SCHOOL | 40.00 | $128,061 | $0 | $26,534 | Yes (X) | ||||
| SARAH WEBSTER | |||||||||
| DIRECTOR OF UPPER SCHOOL | 40.00 | $129,039 | $0 | $26,378 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,423,189 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $327,232 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 15 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SHIEL SEXTON COMPANY INC | |||||
| 902 N CAPITOL AVE | INDIANAPOLIS | IN | 46204 | CONSTRUCTION SERVICES | $2,944,348 |
| QUEST FMS | |||||
| 2500 S HIGHLAND AVE STE 250 | LOMBARD | IL | 60148 | FOOD SERVICES | $1,545,283 |
| MD ROWE CONSTRUCTION INC | |||||
| PO BOX 502947 | INDIANAPOLIS | IN | 46250 | MAINTENANCE AND CONSTRUCTION | $688,955 |
| CSO ARCHITECTS | |||||
| PO BOX 6069 | INDIANAPOLIS | IN | 462066069 | ARCHITECTURE SERVICES | $266,905 |
| INDIANA SERVICES LLC | |||||
| PO BOX 241050 | INDIANAPOLIS | IN | 462249250 | CLEANING SERVICES | $252,746 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $37,258 | FundraisingAmt |
| Related Organizations | $2,365,000 | RelatedOrganizationsAmt |
| All Other Contributions | $1,350,799 | AllOtherContributionsAmt |
| Noncash Contributions | $30,826 | NoncashContributionsAmt |
| Total Contributions | $3,753,057 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611600 | $24,116,767 | $24,116,767 |
| OTHER EDUCATIONAL PROGRAMS | 611600 | $2,112,115 | $2,112,115 |
| SUMMER PROGRAMS | 611600 | $637,502 | $637,502 |
| ADMISSIONS TESTING | 611600 | $18,850 | $18,850 |
| ENROLLMENT FEES | 611600 | $4,877 | $4,877 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $26,890,111 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $363,009 | TotalRevenueColumnAmt |
| Exclusion | $363,009 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $8,100 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $816 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $7,284 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,284 | TotalRevenueColumnAmt |
| Exclusion | $7,284 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $21,115 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $37,258 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $28,473 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$7,358 | TotalRevenueColumnAmt |
| Exclusion | -$7,358 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $79,920 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $64,516 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,404 | TotalRevenueColumnAmt |
| Exclusion | $15,404 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | VENDING/CONCESSION | Desc |
| Business | 611600 | BusinessCd |
| Total Revenue Column | $77,173 | TotalRevenueColumnAmt |
| Exclusion | $77,173 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $77,173 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $31,098,680 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $26,890,111 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $455,512 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,778,406 | TotalAmt |
| Program Services | $3,778,406 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,481,029 | TotalAmt |
| Program Services | $118,319 | ProgramServicesAmt |
| Management And General | $1,246,259 | ManagementAndGeneralAmt |
| Fundraising | $116,451 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,816,316 | TotalAmt |
| Program Services | $11,459,280 | ProgramServicesAmt |
| Management And General | $1,031,615 | ManagementAndGeneralAmt |
| Fundraising | $325,421 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,071,636 | TotalAmt |
| Program Services | $866,518 | ProgramServicesAmt |
| Management And General | $160,936 | ManagementAndGeneralAmt |
| Fundraising | $44,182 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,616,218 | TotalAmt |
| Program Services | $2,101,852 | ProgramServicesAmt |
| Management And General | $396,172 | ManagementAndGeneralAmt |
| Fundraising | $118,194 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,040,271 | TotalAmt |
| Program Services | $841,156 | ProgramServicesAmt |
| Management And General | $156,226 | ManagementAndGeneralAmt |
| Fundraising | $42,889 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $155,007 | TotalAmt |
| Management And General | $155,007 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,250 | TotalAmt |
| Management And General | $44,250 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $231,785 | TotalAmt |
| Management And General | $231,785 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $211,773 | TotalAmt |
| Program Services | $4,371 | ProgramServicesAmt |
| Management And General | $204,488 | ManagementAndGeneralAmt |
| Fundraising | $2,914 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $288,881 | TotalAmt |
| Program Services | $179,259 | ProgramServicesAmt |
| Management And General | $104,225 | ManagementAndGeneralAmt |
| Fundraising | $5,397 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $273,510 | TotalAmt |
| Program Services | $246,551 | ProgramServicesAmt |
| Management And General | $18,871 | ManagementAndGeneralAmt |
| Fundraising | $8,088 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,105,014 | TotalAmt |
| Program Services | $2,706,297 | ProgramServicesAmt |
| Management And General | $352,129 | ManagementAndGeneralAmt |
| Fundraising | $46,588 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,448 | TotalAmt |
| Program Services | $34,626 | ProgramServicesAmt |
| Management And General | $1,093 | ManagementAndGeneralAmt |
| Fundraising | $729 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $146,294 | TotalAmt |
| Program Services | $116,967 | ProgramServicesAmt |
| Management And General | $29,327 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $268,212 | TotalAmt |
| Management And General | $268,212 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,671,267 | TotalAmt |
| Program Services | $2,617,842 | ProgramServicesAmt |
| Management And General | $40,069 | ManagementAndGeneralAmt |
| Fundraising | $13,356 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432,182 | TotalAmt |
| Program Services | $423,538 | ProgramServicesAmt |
| Management And General | $6,483 | ManagementAndGeneralAmt |
| Fundraising | $2,161 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| EDUCATIONAL EXPENSE | $1,479,150 | $1,470,634 | $4,258 | $4,258 |
| FOOD EXPENSE | $1,411,419 | $1,411,419 | $0 | |
| DEVELOPMENT EXPENSE | $296,682 | $0 | $0 | $296,682 |
| ADMINISTRATION EXPENSE | $282,874 | $2,350 | $274,648 | $5,876 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,838 | TotalAmt |
| Program Services | $103,333 | ProgramServicesAmt |
| Management And General | $8,505 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,250,462 | TotalAmt |
| Program Services | $28,482,718 | ProgramServicesAmt |
| Management And General | $4,734,558 | ManagementAndGeneralAmt |
| Fundraising | $1,033,186 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,478,792 | BOYAmt |
| EOY | $13,296,552 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,553,849 | BOYAmt |
| EOY | $4,209,920 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $176,665 | BOYAmt |
| EOY | $241,952 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $35,918 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,243 | BOYAmt |
| EOY | $65,219 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $664,109 | BOYAmt |
| EOY | $705,697 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $86,364,449 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $39,406,813 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,838,950 | BOYAmt |
| EOY | $46,957,636 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,415,976 | BOYAmt |
| EOY | $2,490,384 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,183,584 | BOYAmt |
| EOY | $68,003,278 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,329,513 | BOYAmt |
| EOY | $3,535,748 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,720,226 | BOYAmt |
| EOY | $9,364,973 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,288,419 | BOYAmt |
| EOY | $9,385,862 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,338,158 | BOYAmt |
| EOY | $22,286,583 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,675,346 | BOYAmt |
| EOY | $40,874,924 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,170,080 | BOYAmt |
| EOY | $4,841,771 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,845,426 | BOYAmt |
| EOY | $45,716,695 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,183,584 | BOYAmt |
| EOY | $68,003,278 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$3,151,782 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $23,051 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $79,582,500 | BeginningYearBalanceAmt |
| Contributions | $110,680 | ContributionsAmt |
| Investment Earnings Or Losses | $4,396,454 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,989,769 | OtherExpendituresAmt |
| End Year Balance | $81,099,865 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $87,644,937 | BeginningYearBalanceAmt |
| Contributions | $64,334 | ContributionsAmt |
| Investment Earnings Or Losses | -$4,103,509 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,023,262 | OtherExpendituresAmt |
| End Year Balance | $79,582,500 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $68,096,521 | BeginningYearBalanceAmt |
| Contributions | $753,162 | ContributionsAmt |
| Investment Earnings Or Losses | $21,641,653 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,846,399 | OtherExpendituresAmt |
| End Year Balance | $87,644,937 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $70,714,858 | BeginningYearBalanceAmt |
| Contributions | $229,514 | ContributionsAmt |
| Investment Earnings Or Losses | $1,247,811 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,095,662 | OtherExpendituresAmt |
| End Year Balance | $68,096,521 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $71,904,824 | BeginningYearBalanceAmt |
| Contributions | $1,153,179 | ContributionsAmt |
| Investment Earnings Or Losses | $1,927,183 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,270,328 | OtherExpendituresAmt |
| End Year Balance | $70,714,858 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.74134 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.16357 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.09509 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (1) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (1) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,834,507 | OtherCostOrOtherBasisAmt |
| Book Value | $1,834,507 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $64,668,042 | OtherCostOrOtherBasisAmt |
| Depreciation | $26,024,147 | DepreciationAmt |
| Book Value | $38,643,895 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,550,968 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,577,518 | DepreciationAmt |
| Book Value | $1,973,450 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,310,932 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,805,148 | DepreciationAmt |
| Book Value | $4,505,784 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $46,957,636 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| BONDS PAYABLE | $9,282,015 |
| LEASE PAYABLE | $3,847 |
| EQUIPMENT LOAN | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $9,385,862 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $27,421,157 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $23,051 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $4,500 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $65,332 | OtherRevenueAmt |
| Revenue Not Reported | $92,883 | RevenueNotReportedAmt |
| Revenue Subtotal | $27,328,274 | RevenueSubtotalAmt |
| Other Revenues Not Included | $3,770,406 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $3,770,406 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $31,098,680 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $30,549,888 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $4,500 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $65,332 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $69,832 | ExpensesNotReportedAmt |
| Expenses Subtotal | $30,480,056 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,770,406 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,770,406 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $34,250,462 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | TO SUPPORT PARK TUDOR FOUNDATION |
| PART X, LINE 2: | THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME TAX IN FISCAL YEARS 2023 AND 2022. THE FOUNDATION FILES U.S. FEDERAL AND STATE OF INDIANA INFORMATION RETURNS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2020. MANAGEMENT BELIEVES THAT THE FOUNDATION'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 816. COST OF GOODS SOLD 64,516. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | GRANTS AND SCHOLARSHIPS 3,770,406. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 816. COST OF GOODS SOLD 64,516. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | GRANTS AND SCHOLARSHIPS 3,770,406. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | PARK TUDOR INCLUDES THE NON DISCRIMINATION CLAUSE IN ALL PUBLICATIONS AND ADVERTISEMENTS. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | TRIVIA NIGHT | Event1Nm |
| Gross Receipts Event1 | $31,853 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $20,453 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $11,400 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $8,865 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $7,755 | OtherDirectExpensesEvent1Amt |
| Event2 | CABARET | Event2Nm |
| Gross Receipts Event2 | $3,955 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $0 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $3,955 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $1,000 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $4,353 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $22,565 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $16,805 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $5,760 | GrossRevenueOtherEventsAmt |
| Food And Beverage Other Events | $3,727 | FoodAndBeverageOtherEventsAmt |
| Oth Direct Expnss Other Events | $2,773 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $58,373 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $37,258 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $21,115 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $13,592 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $14,881 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $28,473 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$7,358 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|
| MERIT SCHOLARSHIPS | 89 | $625,030 | VALUED DOLLAR FOR DOLLAR; NO CASH IS ISSUED TO THE RECIPIENT. | THE AMOUNT AWARDED IS DIRECTLY CREDITED TO THE ACCOUNT WITH PARK TUDOR. NO CASH IS DIRECTLY RECEIVED. |
| FINANCIAL AID ASSISTANCE | 215 | $3,145,376 | VALUED DOLLAR FOR DOLLAR; NO CASH IS ISSUED TO THE RECIPIENT. | THE AMOUNT AWARDED IS DIRECTLY CREDITED TO THE ACCOUNT WITH PARK TUDOR. NO CASH IS DIRECTLY RECEIVED. |
| ALUMNI ASSOCIATION COLLEGE SCHOLARSHIP | 2 | $8,000 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | WHEN A STUDENT IS AWARDED FINANCIAL ASSISTANCE THE STUDENT'S ACCOUNT IS DIRECTLY CREDITED FOR THE AWARDED AMOUNT; THEREFORE, THE MONEY AWARDED IS BEING USED FOR ITS INTENDED PURPOSE. THE ALUMNI ASSOCIATION COLLEGE SCHOLARSHIP IS AN AWARD FOR A GRADUATING STUDENT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DENNIS BISGAARD | ||||||||||||||
| INTERIM HEAD OF SCHOOL TO 6/30/23 | $227,600 | $0 | $30,000 | $0 | $32,892 | $0 | $29,304 | $0 | $48,770 | $0 | $368,566 | $0 | $0 | $0 |
| SHANTS HART | ||||||||||||||
| ASSOC. HEAD OF SCHOOL TO 6/30/23 | $235,484 | $0 | $10,000 | $0 | $527 | $0 | $18,827 | $0 | $2,213 | $0 | $267,051 | $0 | $0 | $0 |
| BILL BISHOP | ||||||||||||||
| FACILITIES DIRECTOR | $128,853 | $0 | $0 | $0 | $1,186 | $0 | $10,280 | $0 | $75,153 | $0 | $215,472 | $0 | $0 | $0 |
| KELLY TELLER | ||||||||||||||
| DIRECTOR OF DEVELOPMENT | $154,314 | $0 | $7,500 | $0 | $724 | $0 | $12,333 | $0 | $19,537 | $0 | $194,408 | $0 | $0 | $0 |
| COURTNEY WHITEHEAD | ||||||||||||||
| DIRECTOR OF ATHLETICS | $132,069 | $0 | $1,500 | $0 | $519 | $0 | $10,238 | $0 | $15,808 | $0 | $160,134 | $0 | $0 | $0 |
| SARAH WEBSTER | ||||||||||||||
| DIRECTOR OF UPPER SCHOOL | $123,510 | $0 | $5,000 | $0 | $529 | $0 | $9,853 | $0 | $16,525 | $0 | $155,417 | $0 | $0 | $0 |
| MARY MCGONAGLE | ||||||||||||||
| DIRECTOR OF LOWER SCHOOL | $125,341 | $0 | $2,000 | $0 | $720 | $0 | $9,995 | $0 | $16,539 | $0 | $154,595 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | HOUSING, AND PERSONAL SERVICES ARE PROVIDED FOR THE HEAD OF THE SCHOOL. A GROSS UP OF TAXES FOR RELOCATION AND LIFE INSURANCE WAS PROVIDED TO HEAD OF SCHOOL. |
| PART I, LINE 3 | THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BASED UPON A PERFORMANCE REVIEW CONDUCTED BY THE BOARD OF DIRECTORS. THE HEAD OF SCHOOL'S COMPENSATION DECISIONS ARE DETERMINED BY THE PRESIDENT AND VICE PRESIDENT OF THE BOARD. PRIOR TO ENTERING INTO A NEW CONTRACT, THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED BY AN INDEPENDENT PARTY. |
| PART I, LINES 4A-B | THE HEAD OF SCHOOL PARTICIPATES IN A 457 PLAN. SEVERANCE PAYMENTS WERE RECEIVED AS FOLLOWS: SHANTS HART $335,000 HUIQIN ZHANG $62,100 |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Cash GrantCashGrantAmt | Type Of AssistanceTypeOfAssistanceTxt | Assistance PurposeAssistancePurposeTxt |
|---|---|---|---|
| 5 RECIPIENTS | |||
| BOARD MEMBERS & RELATED PARTIES HAD CHILD/GRANDCHILD RECEIVE FINANCIAL AID | $106,600 | FINANCIAL AID | FINANCIAL AID |
| 6 RECIPIENTS | |||
| BOARD MEMBERS & RELATED PARTIES HAD CHILD/GRANDCHILD RECEIVE SCHOLARSHIPS | $39,650 | MERIT SCHOLARSHIPS | MERIT SCHOLARSHIPS |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CYRUS HART | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SON OF SHANTS HART, ASSOCIATE HEAD OF SCHOOL | RelationshipDescriptionTxt |
| Transaction | $50,788 | TransactionAmt |
| Transaction | PAYROLL | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $30,826 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | A COPY OF THE FULL RETURN IS PROVIDED TO AND REVIEWED BY THE CFOO, HEAD OF SCHOOL, BOARD CHAIR AND FINANCE COMMITTEE. AFTER THE BOARD CHAIR AND FINANCE COMMITTEE REVIEW THE RETURN, A COPY OF THE RETURN WITH THE NAMES OF THOSE DONORS WHO WISH TO REMAIN ANONYMOUS REDACTED FROM SCHEDULE B IS PROVIDED TO THE FULL BOARD FOR THEIR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS UPDATED AND SIGNED BY EACH MEMBER OF THE BOARD ANNUALLY. THE SUBMISSIONS ARE THEN REVIEWED BY THE ASSISTANT TO THE HEAD OF SCHOOL TO MONITOR AND MITIGATE CONFLICT ISSUES. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BASED UPON A PERFORMANCE REVIEW CONDUCTED BY THE BOARD OF DIRECTORS. THE HEAD OF SCHOOL'S COMPENSATION DECISIONS ARE DETERMINED BY THE PRESIDENT AND VICE PRESIDENT OF THE BOARD. PRIOR TO ENTERING INTO A NEW CONTRACT, THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED BY AN INDEPENDENT PARTY. COMPENSATION OF OFFICERS IS DETERMINED BY THE HEAD OF SCHOOL BASED UPON A PERFORMANCE REVIEW. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE DOCUMENTS AND POLICIES ARE NOT GENERALLY AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XII, LINE 2C: | THERE HAS BEEN NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PARK TUDOR TRUST | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7200 NORTH COLLEGE AVENUE | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46240 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237087103 | EIN |
| Primary Activities | SUPPORT OF PARK TUDOR FOUNDATION | PrimaryActivitiesTxt |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 12A, I | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PARK TUDOR FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| PARK TUDOR TRUST | ||
| C | $2,365,000 | FMV |
| PARK TUDOR TRUST | ||
| E | $1,716,464 | FMV |
| PARK TUDOR TRUST | ||
| N | $0 | |
| PARK TUDOR TRUST | ||
| O | $0 | |
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