2024-05-02T09:02:02-05:00 2023-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2022-07-01 250965561 SHADY SIDE ACADEMY SHAD 4129683137 423 FOX CHAPEL ROAD PITTSBURGH PA 152382296 AMY SZLACHETKA CHIEF FINANCIAL OFFICER 4129683137 2024-05-01 1 AMY SZLACHETKA 999009999 0 SUSAN M KIRSCH P00341397 4122613644 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BARTLEY P GRIFFITH 423 FOX CHAPEL ROAD PITTSBURGH PA 152382296 69642757 0 X WWW.SHADYSIDEACADEMY.ORG X 1885 PA PROVIDES EDUCATION TO STUDENTS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 24 24 599 24 1764 0 9786253 19134631 35770050 39159042 2275040 2970637 -63229 -292 47768114 61264018 5391122 5563793 0 0 24970142 26122706 0 0 965621 12487476 14527803 42848740 46214302 4919374 15049716 126052423 146462622 17332750 18030595 108719673 128432027 X SHADY SIDE ACADEMY OFFERS AN EXCEPTIONAL PRE-K THROUGH TWELFTH GRADE ACADEMIC AND BALANCED EDUCATIONAL EXPERIENCE BY CHALLENGING EACH STUDENT TO REALIZE HIS OR HER POTENTIAL IN A STIMULATING AND NURTURING ENVIRONMENT. 0 0 26606300 5563793 34274636 INSTRUCTIONAL:FOUNDED IN 1883, SHADY SIDE ACADEMY'S PRIMARY PROGRAM SERVICE IS THE EDUCATION OF STUDENTS IN PRE-KINDERGARTEN THROUGH GRADE 12 IN A COED SCHOOL ENVIRONMENT, WITH AN OPTIONAL BOARDING EXPERIENCE IN HIGH SCHOOL. WE OFFER PITTSBURGH-AREA FAMILIES FOUR CAMPUSES, INCLUDING THE CHOICE BETWEEN TWO ELEMENTARY SCHOOLS (PK-5): THE COUNTRY DAY SCHOOL IN FOX CHAPEL, NESTLED IN THE NORTH SUBURBS, AND THE JUNIOR SCHOOL IN POINT BREEZE, LOCATED IN THE HEART OF THE CITY'S EAST END. OUR MIDDLE SCHOOL (6-8) AND SENIOR SCHOOL (9-12) CAMPUSES ARE BOTH LOCATED IN SUBURBAN FOX CHAPEL AND DRAW STUDENTS FROM ACROSS THE REGION. THE ACADEMY ENROLLED APPROXIMATELY 1,185 STUDENTS ACROSS ALL FOUR CAMPUSES DURING THE 2022/2023 ACADEMIC YEAR.THE ACADEMY'S MISSION IS TO CHALLENGE STUDENTS TO THINK EXPANSIVELY, ACT ETHICALLY AND LEAD RESPONSIBLY. INSPIRED BY THIS MISSION, SHADY SIDE'S DRIVING PURPOSE REMAINS THE DEVELOPMENT OF RESPONSIBLE, TRANSFORMATIVE LEADERS FOR THE CITY OF PITTSBURGH AND BEYOND. THIS REASON FOR EXISTING WAS EMBEDDED AT OUR INCEPTION. WE DELIVER ON OUR MISSION BY CREATING A UNIQUE AND VALUABLE EDUCATION FOR FAMILIES AND BRIGHT, CURIOUS STUDENTS WHO WANT SMALL CLASSES AND BIG OPPORTUNITIES, DESIRE A BALANCED AND INFORMED WORLDVIEW, AND WHO SEEK REAL-WORLD LEARNING AND TO BECOME THE LEADERS OF A CONNECTED, DIGITAL FUTURE.SHADY SIDE IS INTIMATE ENOUGH TO KNOW, SUPPORT AND CARE FOR INDIVIDUAL LEARNERS, BUT ALSO LARGE ENOUGH TO OFFER A PROGRAM WHERE ALL STUDENTS CAN FIND THEIR PLACE TO CONNECT, LEAD, AND SUCCEED, OFTEN ON THE BIGGEST STAGE AND UNDER THE BRIGHTEST LIGHTS. SHADY SIDE PAIRS WESTERN PENNSYLVANIA'S MOST GEOGRAPHICALLY DIVERSE STUDENT BODY (115 ZIP CODES, 15 STATES AND FIVE COUNTRIES) WITH A BROAD AND BALANCED CURRICULUM, CHALLENGING STUDENTS WHO SEE THE WORLD IN REMARKABLY DIFFERENT WAYS TO ENGAGE IN A DIALOGUE THAT IS ESSENTIAL TO EXPANSIVE THOUGHT AND RESPONSIBLE LEADERSHIP. WE EMPOWER OUR STUDENTS TO ENGAGE CONFIDENTLY IN CIVIL DISCOURSE AND FOSTER PRODUCTIVE RELATIONSHIPS THAT PROMOTE UNITY AND BRIDGE DIVIDES BOTH LOCALLY AND GLOBALLY.AS PITTSBURGH CONTINUES TO EVOLVE AS A HUB FOR TECHNOLOGY, RESEARCH, AND DESIGN, SSA HAS MADE STRATEGIC INVESTMENTS IN THESE AREAS AND NOW HAS THE DISTINCTIVE OPPORTUNITY TO DEVELOP LEADERS AT THE EXPANDING NEXUS OF TECHNOLOGY AND THE LIBERAL ARTS. THE ACADEMY HAS THE CAPACITY TO PROVIDE OUR STUDENTS WITH REAL-WORLD LEARNING EXPERIENCES THAT WILL PREPARE THEM TO BECOME ETHICAL, HUMANE LEADERS IN A RAPIDLY CHANGING WORLD. TO FURTHER ENHANCE THESE THREE UNIQUE POINTS OF VALUE, SHADY SIDE CONTINUES TO MAKE APPROPRIATE INVESTMENTS IN THE PEOPLE, PROGRAM, AND PLACES THAT BRING OUR MISSION AND STRATEGY TO LIFE FOR STUDENTS. AT SHADY SIDE, WE MAKE ROOM FOR STUDENTS TO MAKE THEIR MOVE. WE BELIEVE LEARNING SHOULD BE EXPANSIVE AND EXCITING FOR STUDENTS, SO THEY CAN BE THE ARCHITECTS OF THEIR OWN ADVENTURE. WE EMPOWER TEACHERS WHO LOVE TEACHING, SO STUDENTS CAN FEEL JOY IN EVERY CLASSROOM. WE GO BEYOND STANDARD EDUCATION, SO GRADUATES WILL BE READY FOR COLLEGE AND EVERYTHING AFTER. WE MOVE WITH THE WORLD, SO OUR STUDENTS CAN TOO. ATHLETICS: ALL SHADY SIDE ACADEMY STUDENTS ARE OFFERED A WIDE RANGE OF PHYSICAL ACTIVITIES THROUGHOUT THE SCHOOL YEAR TO ENCOURAGE HEALTHY CHOICES, DEVELOP SKILLS AND LEARN THE IMPORTANCE OF SPORTSMANSHIP 5563568 3071934 AUXILIARY SERVICES:-RESIDENTIAL LIFE PROGRAM: THE ACADEMY OPERATES A FIVE AND SEVEN DAY BOARDING PROGRAM. IN THE 2022/2023 ACADEMIC YEAR, THERE WERE APPROXIMATELY 67 SENIOR SCHOOL STUDENT BOARDERS. THE STUDENTS ARE HOUSED IN ACADEMY DORMITORIES LOCATED ON THE SENIOR SCHOOL CAMPUS. ADMINISTRATORS AND TEACHERS OVERSEE AND OPERATE THE RESIDENTIAL LIFE PROGRAM.-FOOD SERVICE: THE DAY STUDENTS AT THE ACADEMY ARE SERVED LUNCH AND STUDENTS WHO PARTICIPATE IN THE ACADEMY RESIDENTIAL LIFE PROGRAM ARE SERVED BREAKFAST, LUNCH AND DINNER.-SPIRIT STORE: THE STORE IS LOCATED ON THE SENIOR SCHOOL CAMPUS OF THE ACADEMY AND OFFERS INDIVIDUALS THE OPPORTUNITY TO PURCHASE ACADEMY APPAREL AND ACCESSORIES, AS WELL AS SCHOOL SUPPLIES. ORDERS CAN ALSO BE PLACED ONLINE THROUGH THE ACADEMY SPIRIT STORE WEBSITE. 1027679 1436096 SUMMER PROGRAMS:SSA SUMMER EXTENDS THE RELATIONAL LEARNING AND ROBUST OPPORTUNITIES THAT ARE UNIQUE TO SHADY SIDE ACADEMY DURING THE SCHOOL YEAR, LONG INTO THE SUMMER MONTHS. AFTER THE SCHOOL YEAR ENDS, SUMMER CAMP IS OFFERED FOR STUDENTS WHO ARE ENTERING PRE-K THROUGH 12TH GRADE THE FOLLOWING SCHOOL YEAR. THE SUMMER CAMPS PROVIDE CAMPERS THE OPPORTUNITY TO DISCOVER NEW PASSIONS, HONE EXISTING TALENTS, AND FORGE NEW FRIENDSHIPS. IN ADDITION TO THE TRADITIONAL DAY CAMPS OFFERED AT THE ACADEMY'S JUNIOR SCHOOL AND SENIOR SCHOOL CAMPUSES, THE FOLLOWING CAMPS ARE OFFERED:-SPORTS CAMP IS OFFERED TO CAMPERS ENTERING GRADES KINDERGARTEN THROUGH 8TH AT THE ACADEMY'S SENIOR SCHOOL CAMPUS. THIS COED CAMP WELCOMES CAMPERS OF ALL ABILITY LEVELS, FROM BEGINNERS WHO WANT TO TRY A SPORT FOR THE FIRST TIME, TO INTERMEDIATE CAMPERS WHO ARE LOOKING TO ENHANCE THEIR SKILLS. -FOCUS CAMP IS OFFERED TO CAMPERS ENTERING GRADES KINDERGARTEN THROUGH 5TH AT THE ACADEMY'S SENIOR SCHOOL CAMPUS. FOCUS CAMP PROVIDES CAMPERS WITH THE OPPORTUNITY TO LEARN SPECIFIC SKILLS TO FURTHER DEVELOP THEIR MIND, BODY, AND SPIRIT.-STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH) CAMP IS OFFERED TO CAMPERS ENTERING GRADES 3RD THROUGH 8TH. THIS CAMP IS OFFERED IN OUR STATE-OF-THE-ART GLIMCHER TECH & DESIGN HUB LOCATED ON THE ACADEMY'S SENIOR SCHOOL CAMPUS. 33197547 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 51 0 1 599 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X AMY SZLACHETKA CFO 4129683137 423 FOX CHAPEL ROAD PITTSBURGH PA 15238 X ROBERT S MULLIN CHAIR OF THE BOARD 3.50 0.00 X X 0 0 0 JAMES S BERNIER VICE CHAIR FOR FINANCE, TREASURER 3.50 0.00 X X 0 0 0 THOMAS KARET VICE CHAIR FOR BUILDINGS AND GROUNDS 3.50 0.00 X X 0 0 0 KANIKA BLUE CAPEL V-CHAIR FOR COMMUNITY LIFE 3.50 0.00 X X 0 0 0 SLOAN OVERSTROM VICE CHAIR FOR DEVELOPMENT 3.50 0.00 X X 0 0 0 JONATHAN M KAMIN PAST CHAIR OF THE BOARD 3.50 0.00 X X 0 0 0 JAMES G AMBROSE TRUSTEE 3.50 0.00 X 0 0 0 NICOLE BAGNELL TRUSTEE 3.50 0.00 X 0 0 0 LARA PATRINOS BENTZ TRUSTEE 3.50 0.00 X 0 0 0 DEBRA KLINE DEMCHAK TRUSTEE 3.50 0.00 X 0 0 0 WILLIAM GENERETT JR TRUSTEE 3.50 0.00 X 0 0 0 ROBERT GLIMCHER TRUSTEE 3.50 0.00 X 0 0 0 MELISSA MAXWELL KAWAI TRUSTEE 3.50 0.00 X 0 0 0 JOSEPH L KELLEY MD TRUSTEE 3.50 0.00 X 0 0 0 GREGORY L LIGNELLI TRUSTEE 3.50 0.00 X 0 0 0 DOUGLAS G MANCOSH TRUSTEE 3.50 0.00 X 0 0 0 CAITLIN MCLAUGHLIN TRUSTEE 3.50 0.00 X 0 0 0 PRADEEP NARAYAN TRUSTEE 3.50 0.00 X 0 0 0 JOSEPH RESCHINI TRUSTEE 3.50 0.00 X 0 0 0 C LANCE RUTTENBERG TRUSTEE 3.50 0.00 X 0 0 0 SARA SCAIFE TRUSTEE 3.50 0.00 X 0 0 0 HENRY STAFFORD TRUSTEE 3.50 0.00 X 0 0 0 JEFFREY B TODD TRUSTEE 3.50 0.00 X 0 0 0 KRISTIN WELLS TRUSTEE 3.50 0.00 X 0 0 0 BARTLEY P GRIFFITH JR PRESIDENT 50.00 0.00 X 357283 0 102601 DEBRA MAUDER SECRETARY OF THE BOARD 40.00 0.00 X 112893 0 18877 AMY SZLACHETKA CFO (ENTERED 6/23) 50.00 0.00 X 95439 0 10812 JAMES ROHR JR CFO & COO (EXITED 6/23) 50.00 0.00 X 198028 0 24630 ROSALYND SABUNDAYO SS HEAD OF SCHOOL 40.00 0.00 X 170995 0 86140 AMY NIXON HEAD OF MIDDLE SCHOOL (EXITED 6/23) 40.00 0.00 X 176764 0 36690 JENNIFER ASMONGA HEAD OF COUNTRY DAY SCHOOL 40.00 0.00 X 160201 0 14344 TIMOTHY WINNER DIRECTOR OF ED. TECHNOLOGY 40.00 0.00 X 131763 0 72897 ALLISON SARAS DIRECTOR OF DEVELOPMENT 40.00 0.00 X 137405 0 15648 BAREARA SULLIVAN CHIEF ENROLLMONT OFFICER 40.00 0.00 X 119359 0 23015 SEAN SIMMONS DIRECTOR OF ATHLETICS 40.00 0.00 X 117255 0 16966 PAUL FRANCIONI DIRECTOR OF FACILITIES 40.00 0.00 X 117425 0 14177 1894810 0 436797 14 0 1 0 PALOMBO LANDSCAPING INC 530 HAMILTON DRIVE PITTSBURGH PA 15235 LANDSCAPING, GRADING. FIELD PREP 1219763 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICE/CATERING 1042764 NICK SCOTTI CONCRETE CONTRACTOR INC 3041 CANTERBURY DRIVE ALLISON PARK PA 151011544 CONCRETE WORK 395812 QUALITY MECHANICAL SERVICES INC 1300 HULTON ROAD VERONA PA 15147 HVAC REPAIRS INSPEC./MAINT. 234727 ABC TRANSIT INC 4242 WILLIAM FLYNN HIGHWAY ALLISON PARK PA 15101 BUS/VAN LEASES & TRANSPORT. SERVICES 214439 15 635690 18498941 5663258 19134631 TUITION AND FEES 900099 34274636 34274636 AUXILIARY SERVICES 900099 3448310 3071934 376376 SUMMER PROGRAMS 900099 1436096 1436096 39159042 2661397 1764 2659633 8593780 8267328 17212 326452 -17212 309240 309240 93907 94199 -292 -292 61264018 38782666 1764 3344957 5551462 5551462 12331 12331 1434736 562237 763378 109121 18207011 12663735 4998334 544942 971731 696259 255454 20018 4070622 3328387 714822 27413 1438606 984510 432064 22032 45086 45086 124604 124604 144104 144104 390692 390692 427119 366703 60416 2190478 1494941 599252 96285 1047777 838222 209555 3150866 2108643 1042223 364771 331268 8054 25449 21346 21346 294137 294137 2524217 2019374 504843 343786 343786 BUILDINGS AND GROUNDS 1884782 784206 1100576 SUMMER PROGRAMS 1027679 1027679 PROFESSIONAL DEVELOPMEN 209588 198654 10934 ENTERTAINMENT 157447 71361 5803 80283 179324 133586 66076 -20338 46214302 33197547 12051134 965621 6984762 4225938 6691306 13042610 986937 9665602 1137394 707676 123480 131590 221603 177565 88067960 49202420 35444893 38865540 58282162 63165122 16179886 15794545 0 686434 126052423 146462622 2564422 2271097 2246101 2636996 6917644 6606779 5604583 6515723 17332750 18030595 X 35474542 39531793 73245131 88900234 108719673 128432027 126052423 146462622 15049716 4662638 0 X 0 1 X 1 0 X 3338848 4529644 8534273 9786253 19134631 45323649 3338848 4529644 8534273 9786253 19134631 45323649 16607151 28716498 1269819 1363547 1513246 1233483 2661397 8041492 53365141 167653042 0.53810 0.75210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 70891932 510837 7016437 1803507 1851036 74764663 78933911 2040243 -7047380 1411991 1622851 70891932 61283247 355424 20342623 1269605 1777778 78933911 63911287 346468 763153 1749683 1987978 61283247 63282177 513664 3199497 1259441 1824610 63911287 0.00000 1.00000 0.00000 0 0 501372 501372 66717901 32942730 33775171 12131358 11585439 545919 8717329 4674251 4043078 38865540 ALTERNATIVE INVESTMENTS 15794545 C 15794545 ANNUITIES PAYABLE 5679911 LEASE PAYABLE 835812 6515723 X 60342798 4662638 -5563793 -901155 61243953 144104 -124039 20065 61264018 40630444 124039 124039 40506405 144104 5563793 5707897 46214302 PART III, LINE 4: SHADY SIDE ACADEMY MAINTAINS ARCHIVES OF OLD PHOTOS AND SCHOOL RECORDS OF THE ACADEMY. ALL OF THE CAMPUSES DISPLAY PHOTOS AND ARTWORK BY MAINLY FORMER STUDENTS OR ALUMNI. THESE ARCHIVES PRESERVE THE HISTORY OF THE ACADEMY AND FURTHER IT'S EXEMPT PURPOSE. PART V, LINE 4: THE ACADEMY'S ENDOWMENT CONSISTS OF VARIOUS INVESTMENT FUNDS ESTABLISHED PRIMARILY FOR SUPPORT OF THE ORGANIZATION'S MISSION. IT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE ACADEMY TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. INTERPRETATION OF RELEVANT LAW - THE TRUSTEES OF THE ACADEMY HAVE ELECTED TO BE GOVERNED BY THE COMMONWEALTH OF PENNSYLVANIA'S ACT 141 (ACT 141), A TOTAL RETURN POLICY THAT ALLOWS A NONPROFIT TO CHOOSE TO TREAT A PERCENTAGE OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT'S PERMANENTLY RESTRICTED INVESTMENTS AS INCOME EACH YEAR. THE LONG-TERM PRESERVATION OF THE REAL VALUE OF THE ASSETS MUST BE TAKEN INTO CONSIDERATION WHEN THE BOARD ELECTS THE AMOUNT. ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE OF THE BOARD, IN WRITING, MUST ELECT A SPENDING RATE OF BETWEEN 2% AND 7%. IN ACCORDANCE WITH ACT 141, THE ACADEMY ANNUALLY TRANSFERS BETWEEN 4% AND 7% OF THE PREVIOUS THREE YEARS' MARKET VALUE AVERAGE OF THE RESTRICTED ENDOWMENT FUND. THIS PERCENTAGE IS APPLIED TO A 12-QUARTER AVERAGE MARKET VALUE OF THE INVESTMENTS AT JUNE 30 OF THE PREVIOUS YEAR. THE ACADEMY CLASSIFIES AS NET ASSETS RESTRICTED IN PERPETUITY ENDOWMENT FUNDS THE ORIGINAL AND SUBSEQUENT VALUE OF GIFTS DONATED TO THE ENDOWMENT. IN ACCORDANCE WITH ACT 141, THE ACADEMY HAS ADOPTED A WRITTEN INVESTMENT POLICY, OF WHICH A SECTION SPECIFICALLY RELATES TO THE ENDOWMENT FUND. THE ACADEMY CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO SET A SPENDING RATE: 1. PROTECTING THE CORPUS OF THE ENDOWMENT FUND. 2. PRESERVING THE SPENDING POWER OF THE ASSETS. 3. OBTAINING MAXIMUM INVESTMENT RETURN WITH REASONABLE RISK AND OPERATIONAL CONSIDERATION. 4. COMPLYING WITH APPLICABLE LAWS. PART X, LINE 2: THE ACADEMY IS A NOT-FOR-PROFIT ENTITY AND HAS BEEN RECOGNIZED AS TAX-EXEMPT PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACADEMY HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS REQUIRING AN ACCRUAL OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THERE WERE NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF ACTIVITIES FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. MANAGEMENT BELIEVES THAT THE ACADEMY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX YEARS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS/FINANCIAL AID -5,563,793. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -94,199. RENTAL EXPENSES REALLOCATED TO STATEMENT OF REVENUE -12,628. LOSS ON DISPOSAL OF ASSETS -17,212. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 94,199. RENTAL EXPENSES REALLOCATED TO STATEMENT OF REVENUE 12,628. LOSS ON DISPOSAL OF ASSETS 17,212. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/FINANCIAL AID 5,563,793. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EMPLOYMENT AND STUDENT HANDBOOKS, WEBSITE AND EMPLOYMENT ADS SCHEDULE E, PART I, LINE 6 THE ACADEMY RECEIVES GIFT FUNDING THAT IS MADE POSSIBLE THROUGH PARTICIPATION IN THE EITC PROGRAMS WHICH PROVIDES A TAX CREDIT TO THE BUSINESSES WHO PARTICIPATE IN THIS PROGRAM. THE ACADEMY RECEIVED AN EANS GRANT FROM THE ALLEGHENY INTERMEDIATE UNIT. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS ALTERNATIVE INVESTMENTS 5368170 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE EXCHANGE PROGRAM EXPENSES 25574 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE PARKIN STUDENT FELLOWSHIP 5000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE SCHROEDER AWARD FOR EXCHANGE PROGRAM 3650 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICE PARKIN STUDENT FELLOWSHIP 3681 0 0 0 0 0 0 5406075 0 5406075 PARKIN FELLOWSHIP & SCHROEDER AWARD EUROPE (INCLUDING ICELAND & GREENLAND) 2 8650 CREDITED TO STUDENT ACCOUNT N/A N/A PARKIN STUDENT FELLOWSHIP MIDDLE EAST AND NORTH AFRICA 1 3681 CREDITED TO STUDENT ACCOUNT N/A N/A 1 0 1 1 1 0 PART I, LINE 2: THE ACADEMY AWARDS FINANCIAL AID TO QUALIFYING INDIVIDUALS TO OFFSET THE COST OF TUITION. THE PROCESS IS MANAGED BY THE ACADEMY'S ADMISSIONS OFFICE AND USES AN OUTSIDE PARTY TO ASSIST IN COLLECTING FINANCIAL INFORMATION FROM PARENTS. MOST FUNDING IS AWARDED BASED ON DEMONSTRATED ECONOMIC NEED AND FUNDING AVAILABLE. A VERY LIMITED NUMBER OF AWARDS ARE BASED ON OTHER MERIT CRITERIA. THANKS TO THE FORESIGHT AND GENEROSITY OF ALUMNUS FRED H. PARKIN '59, THE PARKIN FELLOWSHIPS FOR GLOBAL SERVICE ENDOWMENT FUND WAS ESTABLISHED JUNE 15, 2006. PARKIN FELLOWSHIPS AWARD TRAVEL GRANT MONEY EACH SUMMER TO ASSIST STUDENTS IN COMPLETING SERVICE OR ENVIRONMENTAL PROJECTS AROUND THE GLOBE AND IN THE U.S. THESE EXPERIENCES MAKE AN IMPACT NOT ONLY THROUGH THE DIRECT SERVICE OR ENVIRONMENTAL IMPROVEMENTS THAT STUDENTS ENGAGE IN, BUT ALSO THROUGH THE STORIES STUDENTS SHARE UPON THEIR RETURN, STORIES THAT ENRICH THE SHADY SIDE COMMUNITY WHILE INSPIRING OTHERS TO MAKE A DIFFERENCE IN THE WORLD. THE AUGUSTUS "GUS" SCHROEDER '59 FUND (THE SCHROEDER FUND) WAS ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE TO ENRICH THE EXPERIENCES OF SHADY SIDE STUDENTS WHO RECEIVE FINANCIAL AID. PART III ACCOUNTING METHOD: 1 FINANCIAL AID 261 5107323 N/A N/A TUITION DISCOUNTS 443 394449 N/A N/A SEMPER SCHOLARS 5 23475 N/A N/A AUGUSTUS SCHROEDER AWARDS 9 19308 N/A N/A PARKIN STUDENT FELLOWSHIPS 4 6907 N/A N/A PART I, LINE 2: THE ACADEMY AWARDS FINANCIAL AID TO QUALIFYING INDIVIDUALS TO OFFSET THE COST OF TUITION. THE PROCESS IS MANAGED BY THE ACADEMY'S ADMISSIONS OFFICE AND USES AN OUTSIDE PARTY TO ASSIST IN COLLECTING FINANCIAL INFORMATION FROM PARENTS. MOST FUNDING IS AWARDED BASED ON DEMONSTRATED ECONOMIC NEED AND FUNDING AVAILABLE. A VERY LIMITED NUMBER OF AWARDS ARE BASED ON OTHER MERIT CRITERIA. THANKS TO THE FORESIGHT AND GENEROSITY OF ALUMNUS FRED H. PARKIN '59, THE PARKIN FELLOWSHIPS FOR GLOBAL SERVICE ENDOWMENT FUND WAS ESTABLISHED JUNE 15, 2006. PARKIN FELLOWSHIPS AWARD TRAVEL GRANT MONEY EACH SUMMER TO ASSIST STUDENTS IN COMPLETING SERVICE OR ENVIRONMENTAL PROJECTS AROUND THE GLOBE AND IN THE U.S. THESE EXPERIENCES MAKE AN IMPACT NOT ONLY THROUGH THE DIRECT SERVICE OR ENVIRONMENTAL IMPROVEMENTS THAT STUDENTS ENGAGE IN, BUT ALSO THROUGH THE STORIES STUDENTS SHARE UPON THEIR RETURN, STORIES THAT ENRICH THE SHADY SIDE COMMUNITY WHILE INSPIRING OTHERS TO MAKE A DIFFERENCE IN THE WORLD. THE AUGUSTUS "GUS" SCHROEDER '59 FUND (THE SCHROEDER FUND) WAS ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE TO ENRICH THE EXPERIENCES OF SHADY SIDE STUDENTS WHO RECEIVE FINANCIAL AID. THE SEMPER SCHOLARS PROGRAM AT THE ACADEMY IS A NON-TUITION SUPPPORT INITIATIVE DEISGNED TO HELP CLOSE ACHIEVEMENT GAPS FOR ROUGHLY TWENTY MIDDLE AND SENIOR SCHOOL STUDENTS OF PROMISE WHO COME TO THE ACADEMY. X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 BARTLEY P GRIFFITH JR PRESIDENT 314283 0 43000 0 0 0 20475 0 82126 0 459884 0 0 0 ROSALYND SABUNDAYO SS HEAD OF SCHOOL 167995 0 3000 0 0 0 10110 0 76030 0 257135 0 0 0 JAMES ROHR JR CFO & COO (EXITED 6/23) 197528 0 500 0 0 0 0 0 24630 0 222658 0 0 0 AMY NIXON HEAD OF MIDDLE SCHOOL (EXITED 6/23) 173764 0 3000 0 0 0 12163 0 24527 0 213454 0 0 0 TIMOTHY WINNER DIRECTOR OF ED. TECHNOLOGY 131263 0 500 0 0 0 9223 0 63674 0 204660 0 0 0 JENNIFER ASMONGA HEAD OF COUNTRY DAY SCHOOL 159701 0 500 0 0 0 8029 0 6315 0 174545 0 0 0 ALLISON SARAS DIRECTOR OF DEVELOPMENT 136905 0 500 0 0 0 9583 0 6065 0 153053 0 0 0 PART I, LINE 1A THE PRESIDENT HAS A DISCRETIONARY SPENDING ACCOUNT BUT IT IS FOR SPECIFIC PURPOSES RELATED TO OPERATIONS, PROGRAMMING AND/OR PROFESSIONAL DEVELOPMENT. TO CONDUCT BUSINESS AND TO CARRY OUT THE MISSION OF THE ORGANIZATION, THE ORGANIZATION PROVIDES THE PRESIDENT WITH A MEMBERSHIP TO THE FOX CHAPEL COUNTRY CLUB. THE PRESIDENT IS PROVIDED A RESIDENCE ON CAMPUS WITH CLEANING SERVICES. ALL OF THESE BENEFITS ARE DEEMED NONTAXABLE. PART I, LINE 7 AT THE DISCRETION OF THE ACADEMY BOARD OF TRUSTEES, THE PRESIDENT OF THE ACADEMY RECEIVES AN ANNUAL PERFORMANCE BONUS. IN ADDITION, ROSALYND SABUNDAYO, TIMOTHY WINNER, AMY NIXON, JENNIFER ASMONGA, ALLISON SARAS, BAREARA SULLIVAN, SEAN SIMMONS, PAUL FRANCIONI, DEBRA MAUDER, AMY SZLACHETKA AND JAMES ROHR JR. EACH RECEIVED A BONUS IN 2022. COLUMN D CONTAINS NONTAXABLE BENEFITS THAT INCLUDE HOUSING, TUITION REMISSION, HEALTH INSURANCE, AND LIFE/DISABILITY INSURANCE. JOSHUA FRECHETTE SPOUSE OF KEY EMPLOYEE 91475 COMPENSATION 0 DAVID A SZLACHETKA SPOUSE OF OFFICER 89811 COMPENSATION 0 X 18 5663258 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS DURING FISCAL YEAR ENDING JUNE 30, 2023. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE, WHEN NECESSARY OR DESIRABLE BETWEEN MEETINGS OF THE BOARD, HAVE AND PERFORM ALL THE POWERS AND DUTIES OF THE BOARD; PROVIDED, HOWEVER, THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE ANY OF THE POWERS SPECIFICALLY RESERVED TO THE BOARD BY LAW OR THESE BY-LAWS OR THE POWER TO ALTER THE FUNDAMENTAL POLICIES OF THE BOARD. THE ESTABLISHMENT OF AN EXECUTIVE COMMITTEE AND THE DELEGATION THERETO OF POWER AND AUTHORITY SHALL NOT RELIEVE ANY TRUSTEE OF HIS FIDUCIARY RELATIONSHIP AND RESPONSIBILITY TO THE ACADEMY, AND EACH TRUSTEE SHALL DISCHARGE HIS DUTIES IN GOOD FAITH AND WITH THAT DILIGENCE, CARE AND SKILL WHICH AN ORDINARILY PRUDENT PERSON WOULD EXERCISE UNDER SIMILAR CIRCUMSTANCES. FORM 990, PART VI, SECTION A, LINE 7A AN INDIVIDUAL ELECTED PRESIDENT OF THE ALUMNI COUNCIL SHALL COMMENCE TO SERVE A THREE YEAR TERM AS TRUSTEE ON THE JULY 1 NEXT FOLLOWING THE ASSUMPTION OF OFFICE AS PRESIDENT OF THE ALUMNI COUNCIL. PURSUANT TO THE AFFILIATION AGREEMENT DATED AUGUST 11, 2016 BETWEEN FOX CHAPEL COUNTRY DAY SCHOOL INC. (HEREINAFTER REFERRED TO AS "FCCDS") AND THE ACADEMY, THE INDIVIDUAL WHO WAS THE PRESIDENT OF THE FCCDS BOARD OF TRUSTEES AS OF AUGUST 11, 2016 (IN CONSULTATION WITH THE HEAD OF SCHOOL OF FCCDS) SHALL ELECT (I) TWO TRUSTEES TO SERVE TERMS BEGINNING JULY 1, 2016, (II) TWO TRUSTEES TO SERVE TERMS BEGINNING JULY 1, 2017, (III) TWO TRUSTEES TO SERVE TERMS BEGINNING JULY 1, 2019 (WHICH TRUSTEES MAY BE THE SAME TRUSTEES ELECTED PURSUANT TO SECTION 1.10(A)(I)), AND (IV) TWO TRUSTEES TO SERVE TERMS BEGINNING JULY 1, 2020 (WHICH TRUSTEES MAY BE THE SAME TRUSTEES ELECTED PURSUANT TO SECTION 1.10(A)(II)) FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND BY THE AUDIT COMMITTEE. A COPY OF FORM 990 IS DISTRIBUTED TO THE TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AN EXPLANATION OF THE CONFLICT OF INTEREST POLICY IS PRESENTED TO ALL BOARD OF TRUSTEE MEMBERS AT THE START OF EACH SCHOOL YEAR. ANNUAL DISCLOSURE FORMS ARE DISTRIBUTED AND INFORMATION IS THEN SENT TO THE BUSINESS OFFICE WHERE IT IS REVIEWED AND MAINTAINED ON FILE THROUGHOUT THE YEAR. CONFLICTS OF INTEREST DISCLOSURE FORMS ARE FORWARDED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE ACADEMY'S CHAIRMAN OF THE BOARD SELECTS CERTAIN TRUSTEES TO COMPRISE A COMPENSATION COMMITTEE. THIS GROUP ANALYZES DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND OTHER LOCAL SURVEYS TO DETERMINE APPROPRIATE SALARY RANGES FOR THE POSITIONS OF PRESIDENT AND CHIEF FINANCIAL OFFICER OF THE ACADEMY. IN ADDITION, THE ACADEMY ENGAGES THE SERVICES OF LOCAL LEGAL COUNSEL TO ASSIST IN THE REVIEW AND PREPARATION OF EMPLOYMENT CONTRACTS AND/OR AGREEMENTS. THE ACADEMY'S PRESIDENT ANALYZES DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS, AND OTHER LOCAL SURVEYS TO DETERMINE APPROPRIATE SALARY RANGES FOR OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 SHADY SIDE ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY STATEMENT AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST THROUGH THE ACADEMY'S BUSINESS OFFICE. FORM 990, PART VII, EMERITI TRUSTEES WITH NO VOTING RIGHTS: G. NICHOLAS BECKWITH, III; MICHAEL P. CASEY; FLOYD A. CEPHAS, SR.; ROBERT E. COCHRAN; MARY ELLEN COSTA; ANNIE HANNA ENGEL; DIANE M. FISHER; WILLIAM P. GETTY; LAWRENCE N. GUMBERG; STEPHEN F. HALPERN; MICHAEL J. HANNON; KAREN DUNN KELLEY; KARL F. KRIEGER; J. STEPHEN LEE; ANNE V. LEWIS; W. THOMAS MCGOUGH, JR.; EDWIN F. SCHEETZ, JR.; SUSANNE C. WEAN; JAMES H. WOLF. FORM 990, PART XII, QUESTION 2C, FINANCIAL STATEMENTS AND REPORTING: AS A SUB-COMMITTEE OF THE FINANCE COMMITTEE, THE AUDIT COMMITTEE IS CHARGED WITH THE SELECTION OF AN OUTSIDE INDEPENDENT AUDIT FIRM. THIS IS REVIEWED ANNUALLY AND, BASED ON CONTRACT TERMS WITH THE CURRENT FIRM AT THE TIME, THE COMMITTEE DETERMINES WHEN TO NEGOTIATE CONTINUED RATES AND/OR TO REQUEST BIDS FROM OTHER FIRMS. PRIOR TO THE RELEASE OF THE FINAL FINANCIAL STATEMENTS THE AUDIT COMMITTEE MEETS WITH THE AUDIT TEAM FROM THE INDEPENDENT AUDIT FIRM AS WELL AS MANAGEMENT CHARGED WITH AUDIT RESPONSIBILITIES TO REVIEW AND DISCUSS THE DRAFT FINANCIAL STATEMENTS AND THE AUDIT PROCESS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SHADY SIDE ACADEMY FOUNDATION 423 FOX CHAPEL ROAD PITTSBURGH PA 15238 251754941 INACTIVE PA 501(C)(3) LINE 12A, I SHADY SIDE ACADEMY 1 FOX CHAPEL COUNTRY DAY SCHOOL 620 SQUAW RUN ROAD EAST PITTSBURGH PA 15238 250952071 SUPPORTING ORG PA 501(C)(3) LINE 12A, I SHADY SIDE ACADEMY 1 POOLED INCOME FUND SPLIT-INTEREST TRUST PA N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0