2023-11-14T15:32:22-06:00 2023-06-30 231144520 TAIT WELLER & BAKER LLP 50 SOUTH 16TH STREET SUITE 2900 PHILADELPHIA PA 19102 990 2022-07-01 231352677 SHIPLEY SCHOOL SHIP 6105254300 814 YARROW STREET BRYN MAWR PA 19010 ZACK WALKER CFO 6105254300 2023-11-14 1 ZACK WALKER 999009999 0 HARRISON PEREIRA P00746867 2159798800 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ZACK WALKER 814 YARROW STREET BRYN MAWR PA 19010 62773856 0 X WWW.SHIPLEYSCHOOL.ORG X 1894 PA THE SHIPLEY SCHOOL IS A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL. 34 33 323 200 2615 0 5118666 3435945 30626213 32297552 2436787 2361365 797282 232308 38978948 38327170 7743573 8151930 0 0 17842088 18645877 0 0 1905123 12688930 12403843 38274591 39201650 704357 -874480 101398997 101362360 25256233 24571798 76142764 76790562 THE SHIPLEY SCHOOL, A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL, IS COMMITTED TO EDUCATIONAL EXCELLENCE AND DEDICATED TO DEVELOPING IN EACH STUDENT A LOVE OF LEARNING AND A COMPASSIONATE PARTICIPATION IN THE WORLD. 0 0 28117357 8151930 32297552 THE SHIPLEY SCHOOL PROVIDES A PRIVATE SCHOOL EDUCATION TO STUDENTS RANGING FROM PRE-KINDERGARTEN TO GRADE 12. THERE WERE 784 STUDENTS ENROLLED AT THE SCHOOL DURING THE 2022-2023 ACADEMIC YEAR. THE SCHOOL IS ACCREDITED BY THE PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS. THE SHIPLEY EXPERIENCE EXTENDS BEYOND THE CLASSROOM AS SHIPLEY SPORTS TEAMS HAVE WON 34 LEAGUE CHAMPIONSHIPS IN THE LAST FIVE YEARS. IN ADDITION, SHIPLEY STUDENTS HAVE MADE AN IMPACT ON THE COMMUNITY AS ALL SHIPLEY STUDENTS PARTICIPATE IN SERVICE LEARNING PROJECTS THROUGHOUT THE ACADEMIC YEAR. 28117357 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 41 0 323 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ZACK WALKER 6105254300 814 YARROW STREET BRYN MAWR PA 190103598 COLIN KELTON CHAIR 0.80 X X 0 0 0 ANTONETTE DULAY-TIONGCO VICE CHAIR 0.80 X X 0 0 0 NEAL REGINO TREASURER 0.80 X X 0 0 0 BROOKSLEY WYLIE TRUSTEE ERMERITUS 0.80 X 0 0 0 ADAM SPECTOR TRUSTEE ERMERITUS 0.80 X 0 0 0 JAMES JENNINGS TRUSTEE ERMERITUS 0.80 X 0 0 0 ELIZABETH HUCKER TRUSTEE ERMERITUS 0.80 X 0 0 0 SUSANNA LACHS TRUSTEE ERMERITUS 0.80 X 0 0 0 GERALD RENTHAL TRUSTEE ERMERITUS 0.80 X 0 0 0 LLOYD SNYDER TRUSTEE ERMERITUS 0.80 X 0 0 0 MARY PATTERSON MCPHERSON HONORARY TRUSTEE 0.80 X 0 0 0 ADA ANDERSON STRASENBURGH HONORARY TRUSTEE 0.80 X 0 0 0 CHIP BRADY TRUSTEE 0.80 X 0 0 0 MICHELE TURNER TRUSTEE 0.80 X 0 0 0 MELISSA ZADNIK TRUSTEE 0.80 X 0 0 0 MIMI KELLER DRAKE TRUSTEE 0.80 X 0 0 0 BRYANT HORSLEY TRUSTEE 0.80 X 0 0 0 MELISSA BERGEN TRUSTEE 0.80 X 0 0 0 AMANDA ULRICH TRUSTEE 0.80 X 0 0 0 KIM CASSIDY TRUSTEE 0.80 X 0 0 0 ALLISON GRANT TRUSTEE 0.80 X 0 0 0 GORDON COONEY TRUSTEE 0.80 X 0 0 0 GREG COLEMAN TRUSTEE 0.80 X 0 0 0 BENJAMIN WILLNER TRUSTEE 0.80 X 0 0 0 MICHELLE ALLEN TRUSTEE 0.80 X 0 0 0 DAVID PALMER TRUSTEE 0.80 X 0 0 0 AKINWOLE GARRETT TRUSTEE 0.80 X 0 0 0 KATHY DAWSON TRUSTEE 0.80 X 0 0 0 KYLE LISSACK TRUSTEE 0.80 X 0 0 0 KATRINA SHERRERD TRUSTEE 0.80 X 0 0 0 ANDREW SNYDER TRUSTEE 0.80 X 0 0 0 ERIKA GRIFFIN WHITE TRUSTEE 0.80 X 0 0 0 ANNE VASQUEZ TRUSTEE 0.80 X 0 0 0 MICHAEL TURNER HEAD OF SCHOOL 45.00 X X 587430 0 117561 ADAM WOJTELWICZ CFO (7/1/22) 45.00 X 157381 0 14046 JAIME KAROLYI INTERIM CFO 45.00 X 134571 0 13849 SHANE KINSELLA ASSISTANT HEAD OF SCHOOL FOR EDUC EXCEL 45.00 X 164152 0 26032 JOSEPHINE BURRI DIRECTOR OF PHILANTHROPY 45.00 X 156264 0 25603 KRISTON RYAN HEAD OF UPPER SCHOOL 45.00 X 151082 0 28949 CHRIS LENGTHORN DIRECTOR OF SQUASH 45.00 X 158517 0 11042 TIMOTHY LIGHTMAN HEAD OF LOWER SCHOOL 45.00 X 136317 0 24373 1645714 0 261455 15 0 1 0 JORDAHL ENGINEERING & MECHANICAL LLC 810 DICKERSON ROAD SUITE A NORTH WALES PA 19454 ENGINEERING SERVICES 1225733 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 STUDENT DINING SERVICES 915528 AMERICAN SERVICES CORPORATION 2241 PROVIDENCE AVENUE CHESTER PA 19013 JANITORIAL SERVICES 722821 APPLE INC PO BOX 281877 ATLANTA GA 303841877 TECHNOLOGY 160707 EAMON O'HARA CONSTRUCTION INC 403 SUNSET HOLLOW ROAD WEST CHESTER PA 19380 REPAIRS 140645 11 281519 3154426 111169 3435945 TUITION & FEES 611710 30439655 30439655 CAFETERIA SALES/ LUNCH 611710 1064066 1064066 BOOKSTORE SALES 611710 315893 315893 SQUASH PROGRAM 611710 308003 308003 CREW FEES 611710 116038 116038 53897 53897 32297552 1968025 2615 1965410 50409 0 50409 50409 50409 24744123 24350783 393340 393340 393340 0 281519 95903 -95903 -95903 OTHER 900099 240802 240802 YEARBOOK SALES 611710 37000 37000 277802 38327170 32297552 2615 2591058 8151930 8151930 981597 981597 14303040 9984375 3176036 1142629 759950 519982 180460 59508 1531670 1082844 324903 123923 1069620 705151 283771 80698 59451 59451 34200 34200 191996 191996 85388 85388 343807 343807 607363 607363 1217051 1217051 557807 557807 2993191 2993191 263788 263788 AUXILIARY ACTIVITIES 1849926 1849926 INSTRUCTIONAL EXPENSE 1539733 1539733 FACILITIES OPERATION AL 1096978 854093 242885 SCHOOL ADMINISTRATION 191812 191812 1371352 73174 1042698 255480 39201650 28117357 9179170 1905123 5566913 6480756 12666807 8566663 1450879 468590 130706 210708 90898824 52193076 39785966 38705748 36366160 41517332 4722418 4882845 709148 529718 101398997 101362360 1610377 1987044 2276545 2778789 19627894 19431252 1741417 374713 25256233 24571798 X 48263982 47600080 27878782 29190482 76142764 76790562 101398997 101362360 X -874480 1615962 -93684 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32846608 235118 2645080 1673100 34053706 37796665 2493929 -5940001 1503985 32846608 31600085 7811901 1615321 37796665 30496965 691086 1773407 1361373 31600085 28504900 1910428 1368521 1286884 30496965 0.17990 0.57410 0.24600 0 0 3628073 3628073 71099257 38839177 32260080 16171494 13353899 2817595 38705748 AGENCY FUNDS 374713 374713 X 31695109 1615962 95903 1711865 29983244 191996 8151930 8343926 38327170 30953627 95903 95903 30857724 191996 8151930 8343926 39201650 PART V, LINE 4: THE ENDOWMENT DRAW IS USED TO OFFSET OPERATING COSTS. THESE COSTS ARE PRIMARILY FINANCIAL AID, SCHOLARSHIPS, PROGRAM COSTS AND FACULTY SALARIES. THE SCHOOL SUBSIDIZES AN AMOUNT WELL BEYOND THE DRAW IN EACH OF THESE AREAS. PART X, LINE 2: THE SCHOOL HAS REVIEWED THEIR TAX POSITIONS AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO UNCERTAIN TAX POSITIONS TAKEN ON FEDERAL AND STATE TAX RETURNS FOR THE OPEN TAX YEARS (2020-2022) OR EXPECTED TO BE TAKEN IN THE SCHOOL'S 2023 TAX YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 95,903. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,151,930. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 95,903. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,151,930. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATORY POLICY WAS PUBLISHED IN A LOCAL NEWSPAPER. SPRING FUNDRAISER 206228 206228 67460 GOLF OUTING 57990 57990 17530 1 17301 17301 10913 281519 281519 95903 95903 -95903 1 FINANCIAL AID 292 8151930 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL TURNER HEAD OF SCHOOL 521540 0 53890 0 12000 0 16775 0 100786 0 704991 0 0 0 SHANE KINSELLA ASSISTANT HEAD OF SCHOOL FOR EDUC EX 162762 0 1390 0 0 0 9515 0 16517 0 190184 0 0 0 JOSEPHINE BURRI DIRECTOR OF PHILANTHROPY 154874 0 1390 0 0 0 9086 0 16517 0 181867 0 0 0 KRISTON RYAN HEAD OF UPPER SCHOOL 149692 0 1390 0 0 0 8610 0 20339 0 180031 0 0 0 ADAM WOJTELWICZ CFO (7/1/22) 157381 0 0 0 0 0 6738 0 7308 0 171427 0 0 0 CHRIS LENGTHORN DIRECTOR OF SQUASH 157127 0 1390 0 0 0 4698 0 6344 0 169559 0 0 0 TIMOTHY LIGHTMAN HEAD OF LOWER SCHOOL 134927 0 1390 0 0 0 7856 0 16517 0 160690 0 0 0 PART I, LINE 1A THE HEADMASTER OF THE SCHOOL IS PROVIDED WITH ON-CAMPUS HOUSING. THE HOUSING IS A CONDITION OF HIS EMPLOYMENT AND NOT PART OF HIS TAXABLE INCOME. A NORTH PENN HEALTH HOSPITAL AND EDUCATION AUTHORITY 232130191 2014-06-30 10000000 TO FINANCE CONSTRUCTION PROJECTS AT SCHOOL. 0 0 0 B MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 2022-09-22 19880128 TO REFINANCE 2014 REVENUE BONDS & 2022 BOND ISSUANCE COSTS 0 0 0 A 7887799 61118 50000 0 0 0 1 B 19880128 194509 1 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 1 WELLS FARGO BANK 27.000000000000 0 0 0 0 0 B 0 0 0 1 0 0 PNC BANK 30.000000000000 0 0 0 0 0 A 1 X 19 111169 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY REVIEWED BY THE AUDIT AND RISK COMMITTEE. THE DOCUMENT IS THEN PROVIDED TO THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES MUST SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION OF THE HEAD OF SCHOOL. THE BOARD UTILIZES AN INDEPENDENT CONSULTANT TO BENCHMARK THE COMPENSATION PACKAGE AS PART OF A "SAFE HARBORS" PROCESS. FOR ALL TOP MANAGEMENT EMPLOYEES, BENCHMARKING THROUGH NAIS AND/OR PAISBOA IS USED TO DETERMINE AN APPROPRIATE SALARY RANGE UPON HIRE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL WILL PROVIDE TO THE PUBLIC THOSE DOCUMENTS THAT STATE AND FEDERAL LAW REQUIRE BE MADE AVAILABLE, SUCH AS THE FORM 990 AND THE SCHOOL'S ARTICLES OF INCORPORATION. SUCH DOCUMENTS ARE AVAILABLE THROUGH THE BUSINESS OFFICE ON DEMAND. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -77,475. AMORTIZATION OF DEFERRED BOND COST -16,209. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS AN AUDIT AND RISK COMMITTE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEDPENDENT ACCOUNTANT. THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.