2022-04-06T11:47:49-05:00 2021-06-30 946214841 ARMANINO LLP 15950 N DALLAS PKWY 600 DALLAS TX 75248 990 2020-07-01 751022742 GREENHILL SCHOOL GREE 9726285400 4141 SPRING VALLEY ROAD ADDISON TX 75001 KENDRA GRACE CFO/COO 9726285400 2022-04-05 1 KENDRA GRACE 999009999 MATTHEW PETROSKI P00853132 9726611843 2022-04-05 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LEE HARK 4141 SPRING VALLEY ROAD ADDISON TX 75001 96393809 0 X GREENHILL.ORG X 1950 TX IN A DIVERSE AND INCLUSIVE COMMUNITY, GREENHILL PREPARES AND INSPIRES STUDENTS TO LEAD AUTHENTIC, PURPOSEFUL LIVES. 39 39 437 550 96400 0 3070323 9632573 43488578 43803427 6432723 2205290 622326 448620 53613950 56089910 4751416 4671593 0 0 28626783 28653393 0 0 1047458 14158275 14507121 47536474 47832107 6077476 8257803 147490301 182905371 26840865 42667221 120649436 140238150 IN A DIVERSE AND INCLUSIVE COMMUNITY, GREENHILL PREPARES AND INSPIRES STUDENTS TO LEAD AUTHENTIC, PURPOSEFUL LIVES. 0 0 39778808 4671593 43722361 DURING THE FISCAL YEAR ENDED JUNE 30, 2021. GREENHILL SCHOOL PROVIDED QUALITY EDUCATIONAL SERVICES TO APPROXIMATELY 1,340 STUDENTS IN GRADES PRE-K THROUGH 12. 39778808 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 58 0 1 437 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 39 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC HI MD MA MI NH OR SC WA X KENDRA GRACE 9726285517 4141 SPRING VALLEY ROAD ADDISON TX 75001 AUGUSTO SASSO BOARD CHAIR 10.00 X X 0 0 0 ROY S KIM ASSISTANT CHAIR/SECRETARY 5.00 X X 0 0 0 GRACE SMITH TREASURER 5.00 X X 0 0 0 DEBBY ACKERMAN TRUSTEE 1.00 X 0 0 0 AMANDA BECK TRUSTEE 1.00 X 0 0 0 LESLIE BENNERS TRUSTEE 1.00 X 0 0 0 JOE CHU TRUSTEE 1.00 X 0 0 0 ALBERTINA M CISNEROS TRUSTEE 1.00 X 0 0 0 CHRIS I CLARK TRUSTEE 1.00 X 0 0 0 MEGAN CONSIDINE TRUSTEE 1.00 X 0 0 0 LENORE DIAMOND TRUSTEE 1.00 X 0 0 0 DAVID FOX TRUSTEE 1.00 X 0 0 0 MICHELLE FRYMIRE TRUSTEE 1.00 X 0 0 0 HOLLAND P GARY TRUSTEE 1.00 X 0 0 0 LOUIS GENNARELLI TRUSTEE 1.00 X 0 0 0 KENJI HASHIMOTO TRUSTEE 1.00 X 0 0 0 KEARLYN HERLITZ TRUSTEE 1.00 X 0 0 0 JOAN HILL TRUSTEE 1.00 X 0 0 0 RACHEL LADIN TRUSTEE 1.00 X 0 0 0 LESTER LEVY JR TRUSTEE 1.00 X 0 0 0 CLAYTON S LOUGEE TRUSTEE 1.00 X 0 0 0 KAMINI MAMDANI TRUSTEE 1.00 X 0 0 0 MARLO MELUCCI TRUSTEE 1.00 X 0 0 0 RICH MOSES TRUSTEE 1.00 X 0 0 0 DAVID MULLER TRUSTEE 1.00 X 0 0 0 ADRIANA PERALES TRUSTEE 1.00 X 0 0 0 ASHLEY SCHEER TRUSTEE 1.00 X 0 0 0 HARDEEP SEHGAL TRUSTEE 1.00 X 0 0 0 BOAZ SIDIKARO TRUSTEE 1.00 X 0 0 0 RAJESH SWAMINATHAN TRUSTEE 1.00 X 0 0 0 BETH THOMAS TRUSTEE 1.00 X 0 0 0 LORI WHITTEN TRUSTEE 1.00 X 0 0 0 LINDA WIMBERLY TRUSTEE 1.00 X 0 0 0 BING XIE TRUSTEE 1.00 X 0 0 0 JEFF ZLOTKY TRUSTEE 1.00 X 0 0 0 RUSTY JAGGERS TRUSTEE 1.00 X 0 0 0 E PIERCE MARSHALL JR TRUSTEE 1.00 X 0 0 0 MOLLY FULTON SEELIGSON TRUSTEE 1.00 X 0 0 0 DANIEL T PHILIPS TRUSTEE 1.00 X 0 0 0 LEE HARK HEAD OF SCHOOL, EX-OFFICIO 60.00 X 525977 0 140827 KENDRA GRACE CFO/COO/ASSISTANT HEAD OF SCHOOL 50.00 X 290499 0 34159 MICHAEL SIMPSON HEAD OF LOWER SCHOOL 50.00 X 224218 0 56479 SUSAN HOLMES CHIEF ADVANCEMENT OFFICER 50.00 X 221150 0 42686 TREVOR WORCESTER HEAD OF UPPER SCHOOL 50.00 X 179599 0 30249 THOMAS R PERRYMAN ASSOCIATE HEAD OF SCHOOL FOR MISSION, COMMUNITY, A 50.00 X 169095 0 19668 SUSAN T PALMER HEAD OF MIDDLE SCHOOL 50.00 X 175100 0 18666 SCOTT GRIGGS FORMER HOS/CONSULTANT 10.00 X 149040 0 0 1934678 0 342734 36 1 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 1261302 MCLEMORE BUILDING MAINTENANCE INC 110 FARGO ST HOUSTON TX 77006 JANITORIAL SERVICES 599025 SUPREME ROOFING LP 1355 N WALTON WALKER DALLAS TX 75211 CONSTRUCTION SERVICES 522844 MICROSOFT CORPORATION ONE MICROSOFT WAY REDMOND WA 98052 TECHNOLOGY SERVICES 507890 TRIDENT RESPONSE GROUP LLC 1319 CRAMPTON ST DALLAS TX 75207 SECURITY SERVICES 319700 15 175519 9457054 174816 9632573 TUITION AND FEES 611110 40372553 40372553 CAFETERIA 722210 1546509 1546509 SUMMER PROGRAMS 713990 581558 581558 EXTENDED DAY 611110 487982 487982 AUX SERVICES 611110 483493 483493 331332 250266 81066 43803427 721168 15334 705834 59006 59006 440632 12108 428524 428524 428524 41509697 40084581 1425116 1425116 1425116 94425 175519 123381 -28956 -28956 31600 5000 26600 26600 101281 78829 22452 22452 56089910 43722361 96400 2638576 4671593 4671593 929350 504594 408418 16338 557492 80372 477120 20017921 17661383 1704655 651883 1089530 868033 190409 31088 4576591 3633254 803251 140086 1482509 1176103 265647 40759 107624 107624 113200 113200 540195 540195 4044502 3178258 807172 59072 100400 100400 1408580 649816 719515 39249 879107 725016 137757 16334 815204 780150 30978 4076 42408 25304 14397 2707 108562 101733 3937 2892 3805296 3641669 144601 19026 400872 322301 68148 10423 REPAIRS AND MAINTENANCE 944707 905886 34307 4514 OTHER EXPENSES 653526 352405 292164 8957 STUDENT ACTIVITIES 501401 500938 409 54 BAD DEBT 41537 41537 47832107 39778808 7005841 1047458 7845903 4421941 37364169 21471163 3610617 6448254 46161 61532 88929 78901 161389 211904 988735 1194873 117836045 64517927 54515939 53318118 7155813 9364120 35571021 51954701 141625 34379864 147490301 182905371 1858376 3092786 24800435 5194571 182054 34379864 26840865 42667221 X 100747551 111474894 19901885 28763256 120649436 140238150 147490301 182905371 X 8257803 11469858 -138947 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 187174 X X 1 49992802 2157458 12861730 1674170 63337820 44522304 3258633 3725865 162540 1351460 49992802 39822029 3566750 2528065 159850 1234690 44522304 35673471 605322 2594166 157066 -1106136 39822029 39807757 494719 3456950 156060 7929895 35673471 0.68550 0.31450 0.00000 1 0 252963 252963 7641147 6299971 1341176 95794960 45910351 49884609 12299640 11825866 473774 1847335 481739 1365596 53318118 PRIVATE EQUITY 17391632 F PRIVATE CREDIT 4330640 F GLOBAL EQUITIES 29260996 F HEDGE FUND 971433 F 51954701 CONTRACTUAL AND TUITION FEES RECEIVABLE 34147200 DEFERRED COMPENSATION 232664 34379864 NONQUALIFIED DEFERRED COMP 232664 CONTRACTUAL UNEARNED TUITION AND FEES 34147200 34379864 X 62455851 11469858 27500 219318 11716676 50739175 540195 4810540 5350735 56089910 42867137 27500 219318 246818 42620319 540195 4671593 5211788 47832107 PART III, LINE 4: OVER A PERIOD OF TIME THE SCHOOL HAS RECEIVED CONTRIBUTIONS OF WORKS OF ART AND FURNISHINGS TO BE EXHIBITED IN VARIOUS LOCATIONS ON THE CAMPUS. THESE ITEMS HAVE BEEN CAPITALIZED AS COLLECTIONS. THE COLLECTIONS ARE RECORDED AT APPRAISED VALUE WHEN DONATED. THE SCHOOL UNDERTAKES TO CARE FOR, PROTECT, AND PRESERVE SUCH CONTRIBUTED WORKS OF ART AND FURNISHING. COLLECTION ITEMS ARE INSPECTED PERIODICALLY AND REPAIRED AS REQUIRED. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2021 AND 2020, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 78,829. FUNDRAISING EXPENSES 123,381. RENTAL EXPENSES 12,108. GAMING EXPENSES 5,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE 138,947. FINANCIAL AID 4,671,593. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 123,381. COST OF GOODS SOLD 78,829. RENTAL EXPENSES 12,108. GAMING EXPENSES 5,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,671,593. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 GREENHILL SCHOOL PRINTS A NON-DISCRIMINATORY STATEMENT PUBLISHED ON WEBSITE AND ON ALL PUBLICATIONS PROVIDED TO FAMILIES/STUDENTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 12427004 0 0 0 0 0 0 12427004 0 12427004 1 0 0 1 1 0 PART I, LINE 3: GREENHILL USES THE ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES IN FOREIGN REGIONS. THIS REPORTING METHODOLOGY IS CONSISTENT WITH THE ORGANIZATION'S FINANCIAL STATEMENTS. PART III ACCOUNTING METHOD: HOME IS WHERE THE HORNET IS 269944 175519 94425 91392 5950 5000 21039 269944 175519 94425 91392 5950 5000 21039 123381 -28956 31600 5000 1 1.00000 31600 5000 5000 26600 TX 0 THE ONLY GAMING ACTIVITES OF GREENHILL SCHOOL ARE RAFFLES GOVERNED BY THE TEXAS CHARITABLE ENABLING ACT. THE SCHOOL ADHERES TO THIS ACT. 0 1 0 1.00000 MATTHEW MARTINSON 4141 SPRING VALLEY RD ADDISON TX 75001 0 ANN CARTER 0 SUPERVISION OF RAFFLE TICKET SALES/PRIZE AWARDING. X 0 1 0 0 FINANCIAL AID 223 4671593 FMV TUITION PART I, LINE 2: FINANCIAL AID IS AWARDED BASED SOLELY UPON DEMONSTRATED FINANCIAL NEED. A FAMILY'S NEED IS ASSESSED ANNUALLY THROUGH A COMPREHENSIVE REVIEW PROCESS. THE ANNUAL PROCESS REQUIRES THAT THE FAMILY COMPLETE AN APPLICATION AND PROVIDE A FULL SET OF TAX RETURNS INCLUDING ALL SUPPORTING SCHEDULES, EACH YEAR THAT THEIR CHILD IS ATTENDING THE SCHOOL. TO DETERMINE THE APPROPRIATE FINANCIAL AID, THE SCHOOL UTILIZES A STANDARD METHODOLOGY PROVIDED BY SCHOOL AND STUDENT SERVICES (SSS) WHICH IS USED BY INDEPENDENT SCHOOLS NATIONWIDE. THIS METHODOLOGY CALCULATES A CONTRIBUTION FOR EACH INDIVIDUAL FAMILY BASED UPON THE FAMILY'S SPECIFIC FINANCIAL SITUATION AND DISCRETIONARY INCOME. PRIOR TO MAKING AN AWARD, EACH APPLICANT'S FILE AND PROPOSED AWARD IS CAREFULLY REVIEWED BY A COMMITTEE TO ENSURE THE DECISIONS ARE BASED ON CONSISTENT APPLICATION OF NEED BASED CRITERIA. AID IS AWARDED TO STUDENTS AS A REDUCTION IN THEIR TUITION. NO CASH IS DISTRIBUTED TO RECIPIENTS. X 1 1 X X X X 0 1 0 0 0 0 0 1 0 LEE HARK HEAD OF SCHOOL, EX-OFFICIO 386344 0 75000 0 64633 0 84000 0 56827 0 666804 0 0 0 KENDRA GRACE CFO/COO/ASSISTANT HEAD OF SCHOOL 282666 0 0 0 7833 0 13382 0 20777 0 324658 0 0 0 MICHAEL SIMPSON HEAD OF LOWER SCHOOL 168560 0 0 0 55658 0 10414 0 46065 0 280697 0 0 0 SUSAN HOLMES CHIEF ADVANCEMENT OFFICER 205010 0 0 0 16140 0 10456 0 32230 0 263836 0 0 0 TREVOR WORCESTER HEAD OF UPPER SCHOOL 162809 0 0 0 16790 0 13886 0 16363 0 209848 0 0 0 SUSAN T PALMER HEAD OF MIDDLE SCHOOL 175100 0 0 0 0 0 13554 0 5112 0 193766 0 0 0 THOMAS R PERRYMAN ASSOCIATE HEAD OF SCHOOL FOR MISSION 169095 0 0 0 0 0 14028 0 5640 0 188763 0 0 0 SCOTT GRIGGS FORMER HOS/CONSULTANT 149040 0 0 0 0 0 0 0 0 0 149040 0 0 0 PART I, LINE 4B THE ORGANIZATION'S HEAD OF SCHOOL LEE HARK PARTICIPATES IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN. THE SCHOOL CONTRIBUTED $69,750 TO THE PLAN DURING THE 2020 CALENDAR YEAR. PART I, LINE 7 THE DISCRETIONARY ANNUAL BONUS IS DETERMINED BY THE COMPENSATION COMMITTEE. LEE HARK OFFICER HOME DOWN PAYMENT X 99562 78901 0 1 1 78901 NATHANIEL REID - GRIGGS FAMILY MEMBER OF FORMER OFFICER SCOTT GRIGGS 64918 COMPENSATION TO EMPLOYEE 0 X 4 11000 FMV X 28211 FMV X 5 107878 FMV X TRAVEL/TRIPS 7 31478 FMV X MEALS & ENTERTAINMENT 65 23750 FMV 0 0 1 1 PART I, COLUMN (B): THIS IS THE NUMBER OF CONTRIBUTIONS MADE, NOT THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE ORGANIZATION USES THE SERVICES OF A THIRD PARTY, RAYMOND JAMES, TO LIQUIDATE NON-CASH STOCK DONATIONS. SUCH LIQUIDATION IS USUALLY UNDERTAKEN WITHIN DAYS OF RECEIPT OF THE CONTRIBUTION. FORM 990, PART VI, SECTION A, LINE 1 PER ARTICLE V, SECTION 51 OF THE ORGANIZATION'S BYLAWS, THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF UP TO FOURTEEN TRUSTEES, INCLUDING THE CHAIR, THE CHAIR-ELECT, THE SECRETARY/ASSISTANT CHAIR, THE TREASURER, THE CHAIRPERSONS OF ALL COMMITTEES, AND AT-LARGE MEMBERS NOMINATED BY THE CHAIR AT HIS OR HER DISCRETION. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL POWER AND AUTHORITY VESTED IN THE BOARD IN THE MANAGEMENT OF THE BUSINESS, PROPERTY, AND AFFAIRS OF THE ORGANIZATION (INCLUDING, WITHOUT LIMITATION, THE ADOPTION OF ADVISORY POLICIES WITH RESPECT TO THE MANAGEMENT AND OPERATIONS OF THE ORGANIZATION), EXCEPT IN RESPECT OF REMOVAL OR ELECTION OF TRUSTEES AND OFFICERS OF THE CORPORATION AND AMENDMENT OF THE BYLAWS, AND ALL SHALL HAVE SUCH OTHER POWER AND AUTHORITY AS SHALL BE EXPRESSLY DELEGATED TO IT BY THE BOARD BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE TRUSTEES, THEN IN OFFICE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AND PRESENTED TO THE AUDIT COMMITTEE BY OUR OUTSIDE CPA FIRM, THE AUDIT COMMITTEE CHAIR THEN PRESENTS IT TO THE BOARD OF TRUSTEES FOR FINAL APPROVAL. A COPY IS PROVIDED TO ALL VOTING BOARD MEMBERS USING A SECURE WEB PORTAL. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS DISTRIBUTED AT THE BEGINNING OF EACH YEAR TO ALL BOARD MEMBERS, AS WELL AS ALL EMPLOYEES WITH PURCHASING RESPONSIBILITY. THE POLICY IS INCLUDED IN THE BOARD OF TRUSTEES MANUAL AND THE EMPLOYEE POLICIES AND PROCEDURES MANUAL. THE POLICY REQUIRES THE DISCLOSURE OF ANY COMPENSATION RECEIVED FROM THE ORGANIZATION AND ANY RELATIONSHIPS WITH RELATED PARTIES (REPORTED IN FORM 990, PART VI AND SCHEDULE 0). AT EACH COMMITTEE AND BOARD MEETING, MEMBERS ARE EXPECTED TO COMPLY WITH THE POLICY. ANY BOARD MEMBERS WITH A POTENTIAL CONFLICT OF INTEREST ARE EXPECTED TO RECUSE THEMSELVES FROM ANY RELEVANT ISSUE AND THE RECUSAL IS REFLECTED IN THE MINUTES OF THAT MEETING. IF THAT MATTER INVOLVES AN ADMINISTRATOR, FACULTY MEMBER OR OTHER EMPLOYEE, HE OR SHE SHOULD ADVISE THE HEAD OF SCHOOL. IF THE MATTER INVOLVES THE CHAIR OF THE BOARD, HE OR SHE SHOULD ADVISE THE CHAIR OF THE AUDIT AND RISK MANAGEMENT COMMITTEE, THE CHAIR OF THE BOARD, THE HEAD OF SCHOOL, OR THE CHAIR OF THE AUDIT AND RISK MANAGEMENT COMMITTEE. AS THE CASE MAY BE, SHOULD THEN CONSULT WITH SUCH PERSONS, PROVIDE SUCH GUIDANCE AND TAKE SUCH ACTION AS HE, SHE, OR IT CONSIDERS APPROPRIATE TO ADDRESS THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF THE SCHOOL'S COMPENSATION IS OUTLINED IN HIS CONTRACT WHEN THE CONTRACT IS UP FOR RENEWAL, THE COMPENSATION COMMITTEE BENCHMARKS THE COMPENSATION AGAINST OTHER SCHOOLS AND OUTLINES EACH YEAR'S COMPENSATION IN THE CONTRACT. THE CFO/COO'S COMPENSATION IS BASED UPON EXPERIENCE. THE CFO/COO RECEIVES THE MERIT INCREASE FOR ADMINISTRATORS AS ESTABLISHED ANNUALLY BY THE BOARD. BOTH THE HEAD OF SCHOOL AND CFO/COO'S COMPENSATIONS ARE ADDITIONALLY REVIEWED EACH YEAR BY THE AUDIT AND RISK MANAGEMENT COMMITTEE IN COMPLIANCE WITH INTERMEDIATE SANCTION REGULATIONS AND ALL DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC BY REQUEST. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -138,947. FORM 990, PART XII, LINE 2C GREENHILL SCHOOL HAS AN AUDIT AND RISK MANAGEMENT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE ANNUAL FINANCIAL STATEMENT AUDIT AND THE RESULTING FINANCIAL STATEMENTS. THE AUDIT AND RISK MANAGEMENT COMMITTEE IS ALSO RESPONSIBLE FOR ASSESSING AND SELECTING THE EXTERNAL AUDIT FIRM OF GREENHILL SCHOOL. GREENHILL SCHOOL DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS FOR THE APPOINTMENT OF THE EXTERNAL AUDIT FIRM DURING THE TAX YEAR CURRENTLY REPORTED ON.