2025-05-05T13:45:10-05:00 2024-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2023-07-01 250965561 SHADY SIDE ACADEMY SHAD 4129683137 423 FOX CHAPEL ROAD PITTSBURGH PA 152382296 AMY SZLACHETKA CHIEF FINANCIAL OFFICER 4129683137 2025-04-29 1 0 SARAH R PIOT P01358891 4122613644 2023 2025-03-06 01:10:19Z BARTLEY P GRIFFITH 423 FOX CHAPEL ROAD PITTSBURGH PA 152382296 67190970 0 X WWW.SHADYSIDEACADEMY.ORG X 1885 PA PROVIDES EDUCATION TO STUDENTS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 22 22 598 41 1466 0 19134631 5398934 39159042 41606980 2970637 4989047 -292 1248 61264018 51996209 5563793 5792986 0 0 26122706 28962824 0 0 906067 14527803 15841227 46214302 50597037 15049716 1399172 146462622 155133986 18030595 18832730 128432027 136301256 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 33621414 5792986 37285016 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 1,221 STUDENTS ACROSS ALL FOUR CAMPUSES DURING THE 2023/2024 ACADEMIC YEAR. SEE CONTINUATION ON SCHEDULE O.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 (114 ZIP CODES, 16 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. 2902408 2432080 AUXILIARY SERVICES:-RESIDENTIAL LIFE PROGRAM: THE ACADEMY OPERATES A FIVE AND SEVEN DAY BOARDING PROGRAM. IN THE 2023/2024 ACADEMIC YEAR, THERE WERE APPROXIMATELY 72 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.SEE CONTINUATION ON SCHEDULE O.-AFTER SCHOOL PROGRAM: OUR UNIQUE AFTER SCHOOL PROGRAM THAT RUNS FROM 3-6 P.M., MONDAY THROUGH FRIDAY AT OUR JUNIOR AND COUNTRY DAY SCHOOLS FOR GRADES PRE-K-5. STUDENTS RECEIVE A FUN AND ENGAGING EXPERIENCE THAT CAN BE CUSTOMIZED TO FIT THEIR INDIVIDUAL NEEDS AND INTERESTS. OPTIONS INCLUDE ENRICHMENT CLASSES, MUSIC LESSONS, STUDY CENTER, UNSTRUCTURED PLAY, ORGANIZED GAMES AND MORE.-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.-YOUTH HOCKEY PROGRAMMING: THE ACADEMY OFFERS YOUTH HOCKEY PROGRAMS AT THE ROY MCKNIGHT HOCKEY CENTER ON CAMPUS, ENGAGING APPROXIMATELY 200 LOCAL AND SCHOOL STUDENTS EACH YEAR. THE PROGRAMS ARE OVERSEEN AND OPERATED BY THE ACADEMY'S HOCKEY DIRECTORS AND COACHING STAFF. 533690 1472338 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. SEE CONTINUATION ON SCHEDULE O.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. 37057512 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 40 0 1 598 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 1 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 BARTLEY P GRIFFITH JR PRESIDENT 50.00 0.00 X 521109 0 227186 ROSALYND SABUNDAYO SENIOR SCHOOL - HEAD OF SCHOOL 40.00 0.00 X 174463 0 115714 JENNIFER ASMONGA HEAD OF COUNTRY DAY SCHOOL 40.00 0.00 X 163580 0 18054 AMY SZLACHETKA CHIEF FINANCIAL OFFICER 50.00 0.00 X 148588 0 11096 TIMOTHY WINNER DIRECTOR OF ED. TECHNOLOGY 40.00 0.00 X 143253 0 46911 SEAN SIMMONS DIRECTOR OF ATHLETICS 40.00 0.00 X 128339 0 18617 BAREARA SULLIVAN CHIEF ENROLLMONT OFFICER 40.00 0.00 X 123000 0 29084 PAUL FRANCIONI DIRECTOR OF FACILITIES 40.00 0.00 X 122900 0 15090 DEBRA MAUDER SECRETARY OF THE BOARD 40.00 0.00 X 118179 0 14707 JAMIE SCOTT DIRECTOR OF DEVELOPMENT 40.00 0.00 X 111044 0 82904 ROBERT S MULLIN CHAIR OF THE BOARD 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 THOMAS KARET VICE CHAIR FOR BUILDINGS AND GROUNDS 3.50 0.00 X X 0 0 0 PRADEEP NARAYAN VICE CHAIR FOR FINANCE, TREASURER 3.50 0.00 X X 0 0 0 SLOAN OVERSTROM VICE CHAIR FOR DEVELOPMENT 3.50 0.00 X X 0 0 0 WILLIAM GENERETT JR VICE CHAIR FOR COMMUNITY LIFE 3.50 0.00 X X 0 0 0 JAMES G AMBROSE TRUSTEE 3.50 0.00 X 0 0 0 NICOLLE BAGNELL TRUSTEE 3.50 0.00 X 0 0 0 LARA PATRINOS BENTZ TRUSTEE 3.50 0.00 X 0 0 0 JAMES S BERNIER TRUSTEE & CHAIR OF ENDOWMENT 3.50 0.00 X 0 0 0 JOYCE FU TRUSTEE 3.50 0.00 X 0 0 0 ROBERT GLIMCHER TRUSTEE 3.50 0.00 X 0 0 0 MICHAEL HAGGERTY 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 CHAIR OF COMMITTEE ON TRUSTEES 3.50 0.00 X 0 0 0 JOSEPH RESCHINI TRUSTEE 3.50 0.00 X 0 0 0 HENRY STAFFORD TRUSTEE CHAIR OF AUDIT & INSTITUTIONAL RISK 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 1754455 0 579363 13 0 1 0 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICE/CATERING 2455399 GAZCO MECHANICAL SERVICES LLC 317 N WARREN AVENUE APOLLO PA 15613 REPAIRS/MAINTENANCE 1358629 ABC TRANSIT INC 4242 WILLIAM FLYNN HIGHWAY ALLISON PARK PA 15101 BUS/VAN LEASES & TRANSPORT. SERVICES 555215 RULLI GENERAL CONSTRUCTION 221 RUSSELLTON DORSEYVILLE ROAD CHESWICK PA 15024 CONSTRUCTION 472676 STRADA ARCHITECTURE LLC 611 WILLIAM PENN PLACE STE 700 PITTSBURGH PA 15219 ARCHITECTURAL SERVICES 357365 28 5398934 375856 5398934 TUITION AND FEES 900099 37285016 37285016 AUXILIARY SERVICES 900099 2849626 2432080 417546 SUMMER PROGRAMS 900099 1472338 1472338 41606980 2284946 1466 2283480 17539027 260795 15095721 0 2443306 260795 2704101 2704101 100288 99040 1248 1248 51996209 41189434 1466 5406375 5730943 5730943 62043 62043 1405341 480980 753576 170785 20026071 13662805 5916666 446600 1067495 793654 246228 27613 4996519 4251757 698427 46335 1467398 1033741 417000 16657 92981 92981 103928 103928 143690 143690 693114 693114 546755 488083 58672 2152154 1538227 566129 47798 714806 579253 135553 3539784 2329316 1210468 532347 485980 4293 42074 28013 28013 402278 402278 2791717 2233374 558343 388670 388670 BUILDINGS AND GROUNDS 2369654 1441528 928126 SUMMER PROGRAMS 857904 857904 PROFESSIONAL DEVELOPMEN 193485 192097 1388 COMMUNITY EVENTS 188196 128094 10569 49533 101751 74619 27132 50597037 37057512 12633458 906067 4225938 3158884 13042610 14682172 9665602 6172222 707676 576793 131590 128359 177565 323446 93187324 49604509 38865540 43582815 63165122 68417696 15794545 17542060 686434 549539 146462622 155133986 2271097 3227061 2636996 2743481 6606779 6057800 6515723 6804388 18030595 18832730 X 39531793 45078223 88900234 91223033 128432027 136301256 146462622 155133986 1399172 6470057 0 X 0 1 X 1 0 X 4529644 8534273 9786253 19134631 5398934 47383735 4529644 8534273 9786253 19134631 5398934 47383735 17249039 30134696 1363547 1513246 1233483 2661397 2284946 9056619 56440354 179247275 0.53390 0.53810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 74764663 812580 9924707 1836259 2048654 81617037 70891932 510837 7016437 1681658 1972885 74764663 78933911 2040243 -7047380 1411991 1622851 70891932 61283247 355424 20342623 1269605 1777778 78933911 63911287 346468 763153 1749683 1987978 61283247 0.00000 1.00000 0.00000 0 0 501372 501372 70500579 33401244 37099335 12982012 11117674 1864338 9203361 5085591 4117770 43582815 ALTERNATIVE INVESTMENTS 17542060 F 17542060 ANNUITIES PAYABLE 6153754 LEASE PAYABLE 650634 6804388 X 52404461 6470057 -5792986 677071 51727390 143690 125129 268819 51996209 44796027 135666 135666 44660361 143690 5792986 5936676 50597037 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, 2024 AND 2023. MANAGEMENT BELIEVES THAT THE ACADEMY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX YEARS PRIOR TO 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS/FINANCIAL AID -5,792,986. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -99,040. RENTAL EXPENSES REALLOCATED TO STATEMENT OF REVENUE -36,626. GAIN ON DISPOSAL OF ASSETS 260,795. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 99,040. RENTAL EXPENSES REALLOCATED TO STATEMENT OF REVENUE 36,626. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/FINANCIAL AID 5,792,986. 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 EMERGENCY ASSISTANCE TO NON-PUBLIC SCHOOLS (EANS) GRANT FROM THE ALLEGHENY INTERMEDIATE UNIT. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS ALTERNATIVE INVESTMENTS 5520286 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE PROFESSIONAL DEVELOPMENT 2485 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 10175 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 16575 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 1848 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 1319 NORTH AMERICA 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 5299 SOUTH AMERICA 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 9794 SOUTH ASIA 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 9520 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 7514 0 0 0 0 0 0 5567781 17034 5584815 PARKIN FELLOWSHIP AWARD CENTRAL AMERICA AND THE CARIBBEAN 2 10175 CREDITED TO STUDENT ACCOUNT N/A N/A PARKIN FELLOWSHIP AWARD EAST ASIA AND THE PACIFIC 3 16574 CREDITED TO STUDENT ACCOUNT N/A N/A PARKIN FELLOWSHIP AWARD EUROPE (INCLUDING ICELAND AND GREENLAND) 1 1848 CREDITED TO STUDENT ACCOUNT N/A N/A PARKIN FELLOWSHIP AWARD MIDDLE EAST AND NORTH AFRICA 1 1319 CREDITED TO STUDENT ACCOUNT N/A N/A PARKIN FELLOWSHIP AWARD NORTH AMERICA 1 5299 CREDITED TO STUDENT ACCOUNT N/A N/A PARKIN FELLOWSHIP AWARD SOUTH AMERICA 2 9794 CREDITED TO STUDENT ACCOUNT N/A N/A PARKIN FELLOWSHIP AWARD SOUTH ASIA 3 9520 CREDITED TO STUDENT ACCOUNT N/A N/A PARKIN FELLOWSHIP AWARD SUB-SAHARAN AFRICA 2 7514 CREDITED TO STUDENT ACCOUNT N/A N/A 1 0 1 1 1 0 PART I, LINE 2: 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. 1 FINANCIAL AID 207 5320836 N/A N/A TUITION DISCOUNTS 406 360673 N/A N/A SEMPER SCHOLARS 7 32926 N/A N/A AUGUSTUS SCHROEDER AWARDS 19 10437 N/A N/A PARKIN STUDENT FELLOWSHIPS 1 6071 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 NINETEEN MIDDLE AND SENIOR SCHOOL STUDENTS OF PROMISE WHO COME TO THE ACADEMY. X X X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 BARTLEY P GRIFFITH JR PRESIDENT 470609 0 50500 0 0 0 88100 0 139086 0 748295 0 0 0 ROSALYND SABUNDAYO SENIOR SCHOOL - HEAD OF SCHOOL 173963 0 500 0 0 0 11381 0 104333 0 290177 0 0 0 JENNIFER ASMONGA HEAD OF COUNTRY DAY SCHOOL 163080 0 500 0 0 0 11424 0 6630 0 181634 0 0 0 AMY SZLACHETKA CHIEF FINANCIAL OFFICER 148088 0 500 0 0 0 10366 0 730 0 159684 0 0 0 TIMOTHY WINNER DIRECTOR OF ED. TECHNOLOGY 142753 0 500 0 0 0 10413 0 36498 0 190164 0 0 0 BAREARA SULLIVAN CHIEF ENROLLMONT OFFICER 122500 0 500 0 0 0 7650 0 21434 0 152084 0 0 0 JAMIE SCOTT DIRECTOR OF DEVELOPMENT 110544 0 500 0 0 0 7987 0 74917 0 193948 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 4B THE PRESIDENT, BARTLEY GRIFFITH PARTICIPATED IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN FY 2024. $65,000 WAS ACCRUED ON 6/30/2024. 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, JENNIFER ASMONGA, BAREARA SULLIVAN, SEAN SIMMONS, PAUL FRANCIONI, DEBRA MAUDER, AMY SZLACHETKA, JAMIE SCOTT AND LAUREN LIEBERMAN EACH RECEIVED A BONUS IN 2023. PART II, COLUMN (D): CONTAINS NONTAXABLE BENEFITS THAT INCLUDE HOUSING, TUITION REMISSION, HEALTH INSURANCE, AND LIFE/DISABILITY INSURANCE. JOSHUA FRECHETTE SPOUSE OF KEY EMPLOYEE 91494 COMPENSATION 0 DAVID A SZLACHETKA SPOUSE OF OFFICER 93868 COMPENSATION 0 X 23 375856 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS DURING FISCAL YEAR ENDING JUNE 30, 2024. 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 4 THE ORGANIZATION MADE THE FOLLOWING SIGNIFICANT CHANGES TO THEIR BYLAWS DURING THE YEAR: -THE PRESIDENT OF THE ALUMNI COUNCIL IS NOW LIMITED TO ONE THREE-YEAR TERM AS A NON-VOTING MEMBER. -LANGUAGE WAS UPDATED IN THE FOX CHAPEL COUNTRY DAY SCHOOL TRUSTEES PARAGRAPH AND THE AMENDMENTS PARAGRAPH DUE TO THE AFFILIATION WITH FOX CHAPEL COUNTRY DAY SCHOOL. -TRUSTEE COMMITTEE DESCRIPTIONS WERE REVISED. THE BENEDUM COMMITTEE WAS MOVED INTERNALLY AND THE COMMUNICATION CONNECTIONS COMMITTEE WAS DISBANDED. 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