2024-04-29T14:03:38-05:00 2023-06-30 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2022-07-01 350909976 PARK TUDOR FOUNDATION INC PARK 3174152700 7200 NORTH COLLEGE AVENUE INDIANAPOLIS IN 46240 MARTY MEHRINGER CFOO 3174152853 2024-04-24 1 MARTY MEHRINGER 999009999 0 CASSE TATE P01271193 3175802000 2024-04-24 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARTY MEHRINGER 7200 NORTH COLLEGE AVENUE INDIANAPOLIS IN 46240 31192485 0 X HTTP://WWW.PARKTUDOR.ORG X 1968 IN 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. 17 17 391 800 0 0 4561994 3753057 24771579 26890111 119792 363009 72031 92503 29525396 31098680 3484515 3778406 0 0 17573844 19025470 0 0 1033186 9844881 11446586 30903240 34250462 -1377844 -3151782 70183584 68003278 21338158 22286583 48845426 45716695 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. 0 0 28482718 3778406 26890111 TO PROVIDE PRIVATE EDUCATION FOR 990 STUDENTS AGES 3 THROUGH GRADE 12. 28482718 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 68 0 1 391 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 IN X MARTY MEHRINGER 3174152853 7200 N COLLEGE AVE INDIANAPOLIS IN 46240 CATHY FERREE PRESIDENT 1.00 X X 0 0 0 ANDREA HAILEY VICE PRESIDENT 1.00 X X 0 0 0 JUSTIN CHRISTIAN TREASURER 1.00 X X 0 0 0 CARLIE IRSAY-GORDON SECRETARY 1.00 X X 0 0 0 ANNA MARIA STORNIOLO BOARD MEMBER 1.00 X 0 0 0 ERSAL OZDEMIR BOARD MEMBER 1.00 X 0 0 0 ERIC GERSHMAN BOARD MEMBER 1.00 X 0 0 0 SCOTT MOOREHEAD BOARD MEMBER 1.00 X 0 0 0 DENISE CORDINGLEY BOARD MEMBER 1.00 X 0 0 0 LEIGH ANN LAUTH-O'NEILL BOARD MEMBER 1.00 X 0 0 0 AMAN BRAR BOARD MEMBER 1.00 X 0 0 0 JONATHAN POLAK BOARD MEMBER 1.00 X 0 0 0 THEODORE SCHENBERG BOARD MEMBER 1.00 X 0 0 0 ANOOP SONDHI BOARD MEMBER 1.00 X 0 0 0 ANAT ASHKENAZI BOARD MEMBER 1.00 X 0 0 0 RYAN NAGY BOARD MEMBER 1.00 X 0 0 0 MARYA E JONES BOARD MEMBER 1.00 X 0 0 0 DENNIS BISGAARD INTERIM HEAD OF SCHOOL TO 6/30/23 40.00 X 290492 0 78074 MARY CASSIDY CFO TO 7/31/22 40.00 1.00 X 112483 0 9341 HUIQIN ZHANG CFO 7/18/22 TO 5/26/23 40.00 X 90438 0 22516 SHANTS HART ASSOC. HEAD OF SCHOOL TO 6/30/23 40.00 X 246011 0 21040 KELLY TELLER DIRECTOR OF DEVELOPMENT 40.00 X 162538 0 31870 BILL BISHOP FACILITIES DIRECTOR 40.00 X 130039 0 85433 COURTNEY WHITEHEAD DIRECTOR OF ATHLETICS 40.00 X 134088 0 26046 MARY MCGONAGLE DIRECTOR OF LOWER SCHOOL 40.00 X 128061 0 26534 SARAH WEBSTER DIRECTOR OF UPPER SCHOOL 40.00 X 129039 0 26378 1423189 0 327232 15 0 1 0 SHIEL SEXTON COMPANY INC 902 N CAPITOL AVE INDIANAPOLIS IN 46204 CONSTRUCTION SERVICES 2944348 QUEST FMS 2500 S HIGHLAND AVE STE 250 LOMBARD IL 60148 FOOD SERVICES 1545283 MD ROWE CONSTRUCTION INC PO BOX 502947 INDIANAPOLIS IN 46250 MAINTENANCE AND CONSTRUCTION 688955 CSO ARCHITECTS PO BOX 6069 INDIANAPOLIS IN 462066069 ARCHITECTURE SERVICES 266905 INDIANA SERVICES LLC PO BOX 241050 INDIANAPOLIS IN 462249250 CLEANING SERVICES 252746 11 37258 2365000 1350799 30826 3753057 TUITION AND FEES 611600 24116767 24116767 OTHER EDUCATIONAL PROGRAMS 611600 2112115 2112115 SUMMER PROGRAMS 611600 637502 637502 ADMISSIONS TESTING 611600 18850 18850 ENROLLMENT FEES 611600 4877 4877 26890111 363009 363009 8100 816 7284 7284 7284 21115 37258 28473 -7358 -7358 79920 64516 15404 15404 VENDING/CONCESSION 611600 77173 77173 77173 31098680 26890111 0 455512 3778406 3778406 1481029 118319 1246259 116451 12816316 11459280 1031615 325421 1071636 866518 160936 44182 2616218 2101852 396172 118194 1040271 841156 156226 42889 155007 155007 44250 44250 231785 231785 211773 4371 204488 2914 288881 179259 104225 5397 273510 246551 18871 8088 3105014 2706297 352129 46588 36448 34626 1093 729 146294 116967 29327 268212 268212 2671267 2617842 40069 13356 432182 423538 6483 2161 EDUCATIONAL EXPENSE 1479150 1470634 4258 4258 FOOD EXPENSE 1411419 1411419 0 DEVELOPMENT EXPENSE 296682 0 0 296682 ADMINISTRATION EXPENSE 282874 2350 274648 5876 111838 103333 8505 34250462 28482718 4734558 1033186 15478792 13296552 5553849 4209920 176665 241952 0 35918 55243 65219 664109 705697 86364449 39406813 46838950 46957636 1415976 2490384 70183584 68003278 3329513 3535748 8720226 9364973 9288419 9385862 21338158 22286583 X 42675346 40874924 6170080 4841771 48845426 45716695 70183584 68003278 -3151782 23051 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 79582500 110680 4396454 2989769 81099865 87644937 64334 -4103509 4023262 79582500 68096521 753162 21641653 2846399 87644937 70714858 229514 1247811 4095662 68096521 71904824 1153179 1927183 4270328 70714858 0.74134 0.16357 0.09509 0 1 1 1834507 1834507 64668042 26024147 38643895 11550968 9577518 1973450 8310932 3805148 4505784 46957636 BONDS PAYABLE 9282015 LEASE PAYABLE 3847 EQUIPMENT LOAN 100000 9385862 X 27421157 23051 4500 65332 92883 27328274 3770406 3770406 31098680 30549888 4500 65332 69832 30480056 3770406 3770406 34250462 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PARK TUDOR INCLUDES THE NON DISCRIMINATION CLAUSE IN ALL PUBLICATIONS AND ADVERTISEMENTS. TRIVIA NIGHT 31853 20453 11400 8865 7755 CABARET 3955 0 3955 1000 4353 1 22565 16805 5760 3727 2773 58373 37258 21115 13592 14881 28473 -7358 1 MERIT SCHOLARSHIPS 89 625030 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 3145376 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 8000 PART I, LINE 2: 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. X X X 1 1 X X X X 1 1 0 0 0 0 0 0 0 DENNIS BISGAARD INTERIM HEAD OF SCHOOL TO 6/30/23 227600 0 30000 0 32892 0 29304 0 48770 0 368566 0 0 0 SHANTS HART ASSOC. HEAD OF SCHOOL TO 6/30/23 235484 0 10000 0 527 0 18827 0 2213 0 267051 0 0 0 BILL BISHOP FACILITIES DIRECTOR 128853 0 0 0 1186 0 10280 0 75153 0 215472 0 0 0 KELLY TELLER DIRECTOR OF DEVELOPMENT 154314 0 7500 0 724 0 12333 0 19537 0 194408 0 0 0 COURTNEY WHITEHEAD DIRECTOR OF ATHLETICS 132069 0 1500 0 519 0 10238 0 15808 0 160134 0 0 0 SARAH WEBSTER DIRECTOR OF UPPER SCHOOL 123510 0 5000 0 529 0 9853 0 16525 0 155417 0 0 0 MARY MCGONAGLE DIRECTOR OF LOWER SCHOOL 125341 0 2000 0 720 0 9995 0 16539 0 154595 0 0 0 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 5 RECIPIENTS BOARD MEMBERS & RELATED PARTIES HAD CHILD/GRANDCHILD RECEIVE FINANCIAL AID 106600 FINANCIAL AID FINANCIAL AID 6 RECIPIENTS BOARD MEMBERS & RELATED PARTIES HAD CHILD/GRANDCHILD RECEIVE SCHOLARSHIPS 39650 MERIT SCHOLARSHIPS MERIT SCHOLARSHIPS CYRUS HART SON OF SHANTS HART, ASSOCIATE HEAD OF SCHOOL 50788 PAYROLL 0 X 4 30826 FAIR MARKET VALUE 0 0 0 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. PARK TUDOR TRUST 7200 NORTH COLLEGE AVENUE INDIANAPOLIS IN 46240 237087103 SUPPORT OF PARK TUDOR FOUNDATION IN 501(C)(3) LINE 12A, I PARK TUDOR FOUNDATION 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PARK TUDOR TRUST C 2365000 FMV PARK TUDOR TRUST E 1716464 FMV PARK TUDOR TRUST N 0 PARK TUDOR TRUST O 0