2022-05-04T15:33:04-05:00 2021-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2020-07-01 250965561 SHADY SIDE ACADEMY SHAD 4129683137 423 FOX CHAPEL ROAD PITTSBURGH PA 152382296 JAMES ROHR JR CFOO 4129683137 2022-05-04 1 JAMES ROHR JR 999009999 SUSAN M KIRSCH P00341397 4122613644 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BARTLEY P GRIFFITH 423 FOX CHAPEL ROAD PITTSBURGH PA 152382296 47074942 0 X WWW.SHADYSIDEACADEMY.ORG X 1883 PA PROVIDES EDUCATION TO STUDENTS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 32 32 443 32 0 0 4529644 8534273 29754608 32956595 2742168 2538099 -28586 -62011 36997834 43966956 4602304 5813831 0 0 23566252 23764083 0 0 1234345 11652819 11018252 39821375 40596166 -2823541 3370790 102206770 133159735 10574505 20199177 91632265 112960558 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 26855559 5813831 30505186 INSTRUCTIONAL:-THE ACADEMY ENROLLS APPROXIMATELY 1,104 STUDENTS (JUNIOR PRE K - 12). THE ACADEMY IS COLLEGE PREPARATORY WITH MOST SENIORS CONTINUING ON TO HIGHER EDUCATION. THE ACADEMY OPERATES FOUR SEPARATE CAMPUSES FOR COUNTRY DAY, JUNIOR, MIDDLE AND SENIOR SCHOOLS.-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. 1550124 2027366 AUXILIARY SERVICES:-RESIDENTIAL LIFE PROGRAM: THE ACADEMY OPERATES A FIVE AND SEVEN DAY BOARDING PROGRAM FOR APPROXIMATELY 76 STUDENT BOARDERS. THE STUDENTS ARE HOUSED IN ACADEMY DORMITORIES WITH ADMINISTRATORS AND TEACHERS WHO OVERSEE AND OPERATE THE RESIDENTIAL LIFE PROGRAM.-FOOD SERVICE: SERVES DAY STUDENTS LUNCH AND SERVES THOSE INVOLVED IN RESIDENTIAL LIFE PROGRAM BREAKFAST, LUNCH AND DINNER.-BOOK AND ATHLETIC STORES: THE STORES OFFER INDIVIDUALS THE OPPORTUNITY TO PURCHASE EDUCATIONAL TEXTBOOKS AND SUPPLIES AND ATHLETIC EQUIPMENT AND CLOTHING. THE ACADEMY REQUIRES ATHLETIC AND HEALTH CREDITS FOR GRADUATION. 503907 394064 SUMMER PROGRAMS:-SHADY SIDE ACADEMY'S SUMMER PROGRAMS PROVIDE AN ENDLESS ARRAY OF POSSIBILITIES FOR ALL KIDS. 28909590 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 42 0 1 443 1 0 0 0 0 0 0 0 0 0 0 0 0 X 32 32 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JAMES ROHR JR CFOO 4129683034 423 FOX CHAPEL ROAD PITTSBURGH PA 15238 X MICHAEL J HANNON PAST CHAIR OF BOARD 3.50 0.00 X X 0 0 0 JONATHAN M KAMIN 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 JEFFREY A MCDANIEL VICE CHAIR FOR COMMUNITY LIFE 3.50 0.00 X X 0 0 0 ROBERT S MULLIN VICE CHAIR FOR FINANCE, TREASURER 3.50 0.00 X X 0 0 0 LAUREN O'BRIEN TROUTMAN VICE CHAIR FOR DEVELOPMENT 3.50 0.00 X X 0 0 0 NICOLLE BAGNELL TRUSTEE 3.50 0.00 X 0 0 0 JAMES BERNIER TRUSTEE 3.50 0.00 X 0 0 0 KANIKA B CAPEL TRUSTEE 3.50 0.00 X 0 0 0 ROBERT E COCHRAN TRUSTEE 3.50 0.00 X 0 0 0 KARA SALVITTI CONOMIKES TRUSTEE 3.50 0.00 X 0 0 0 ROLAND J COSTON-CRISWELL TRUSTEE 3.50 0.00 X 0 0 0 DEBRA KLINE DEMCHAK TRUSTEE 3.50 0.00 X 0 0 0 ANNIE HANNA ENGEL TRUSTEE 3.50 0.00 X 0 0 0 WILLIAM GENERETT JR TRUSTEE 3.50 0.00 X 0 0 0 BRYAN P GENTILE TRUSTEE 3.50 0.00 X 0 0 0 ROBERT GLIMCHER TRUSTEE 3.50 0.00 X 0 0 0 JOSEPH L KELLEY TRUSTEE 3.50 0.00 X 0 0 0 MARY ANNE HANNA LANG TRUSTEE 3.50 0.00 X 0 0 0 GREGORY L LIGNELLI TRUSTEE 3.50 0.00 X 0 0 0 CHERYL L LITTLE TRUSTEE 3.50 0.00 X 0 0 0 MIROYA MONSOUR TRUSTEE 3.50 0.00 X 0 0 0 PRADEEP NARAYAN TRUSTEE 3.50 0.00 X 0 0 0 SLOAN OVERSTORM TRUSTEE 3.50 0.00 X 0 0 0 JAMES E ROHR JR 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 VANCE M SMITH IV TRUSTEE 3.50 0.00 X 0 0 0 HENRY STAFFORD TRUSTEE 3.50 0.00 X 0 0 0 GEORGE L STEWART II 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 40.00 0.00 X 330250 0 94307 DEBRA MAUDER SECRETARY OF THE BOARD 40.00 0.00 X 100762 0 36341 KATHARINE FREDRIKSEN CFO & COO 40.00 0.00 X 107000 0 6612 AMY NIXON HEAD OF MIDDLE SCHOOL 40.00 0.00 X 172750 0 35875 TIMOTHY WINNER DIRECTOR OF EDUCATIONAL TECH 40.00 0.00 X 122698 0 46136 EUGENE DEAL ATHLETIC DIRECTOR 40.00 0.00 X 112413 0 35808 ALLISON SARAS DIRECTOR ALUMNI AND DEVELOPMENT 40.00 0.00 X 126500 0 15080 KATHERINE MIHM DIRECTOR OF ENROLLMENT MANAGEMENT 40.00 0.00 X 114493 0 14693 JENNIFER ASMONGA HEAD OF COUNTRY DAY SCHOOL 40.00 0.00 X 112500 0 14455 1299366 0 299307 9 0 1 0 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICE/CATERING 1183544 STRADA ARCHITECTURE LLC 611 WILLIAM PENN PLACE STE 700 PITTSBURGH PA 15219 ARCHITECTURAL SERVICES 603161 QUALITY MECHANICAL SERVICES INC 1300 HULTON ROAD VERONA PA 15147 HVAC SERVICES 211123 CIVIL & ENVIRONMENTAL CONSULTANTS INC PO BOX 644246 PITTSBURGH PA 15264 ENVIRONMENTAL TESTING/CONSULTING 154809 DRAZ'S PAINTING LLC 406 CHURCH LANE ALLISON PARK PA 15101 PAINTING 125100 11 3674500 4859773 316469 8534273 TUITION AND FEES 900099 30505186 30505186 AUXILIARY SERVICES 900099 2057345 2027366 29979 SUMMER PROGRAMS 900099 394064 394064 32956595 1513246 1513246 3943566 2918713 1024853 1024853 1024853 127262 189273 -62011 -62011 43966956 32926616 0 2506067 5813831 5813831 870590 247524 534427 88639 16063534 11463258 3834350 765926 984859 722657 208444 53758 4577321 3757177 736153 83991 1267779 867577 343322 56880 52215 52215 71291 71291 151580 151580 258510 258510 400421 301359 99062 1378913 793845 529648 55420 993860 795088 198772 1182767 1182767 64203 64145 58 1835 1835 55687 55687 2413805 1930877 482928 298833 298833 BUILDINGS AND GROUNDS 2979987 388307 2591680 SUMMER PROGRAMS 506821 506821 ENTERTAINMENT 114660 84388 5867 24405 EXEC SEARCH EXPENSE 69220 15380 53840 23644 17438 6206 40596166 28909590 10452231 1234345 2536282 7818404 3553367 3649664 1275571 1675837 833527 702969 167511 106807 444739 166192 81103932 45246737 36614008 35857195 56781765 83182667 102206770 133159735 2255722 2404477 2021690 4233796 5787476 7057078 509617 6503826 10574505 20199177 X 29759617 31829126 61872648 81131432 91632265 112960558 102206770 133159735 3370790 17957503 0 X X 0 1 X 1 0 X 9173600 6149569 3338848 4529644 8534273 31725934 9173600 6149569 3338848 4529644 8534273 31725934 2895837 28830097 939186 1072072 1269819 1363547 1513246 6157870 37883804 150876845 0.76100 0.74840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 61283247 355424 20342623 1269605 1777778 78933911 63911287 346468 763153 1749683 1987978 61283247 63282177 513664 3199497 1259441 1824610 63911287 59565023 749569 5640642 1077705 1595352 63282177 52790169 1668834 7890219 1062724 1721475 59565023 0.00000 1.00000 0.00000 0 0 555563 555563 63435418 29455880 33979538 12255673 11808115 447558 4857278 3982742 874536 35857195 ANNUITIES PAYABLE 6223161 LEASE PAYABLE 280665 6503826 X 56151195 17957503 -5813831 12143672 44007523 151580 -192147 -40567 43966956 34822902 192147 192147 34630755 151580 5813831 5965411 40596166 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 5% 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, 2021 AND 2020. MANAGEMENT BELIEVES THAT THE ACADEMY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX YEARS PRIOR TO 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS/FINANCIAL AID -5,813,831. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -189,273. AUXILIARY EXPENSES NETTED AGAINST INCOME -2,874. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 189,273. AUXILIARY EXPENSES NETTED AGAINST INCOME 2,874. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/FINANCIAL AID 5,813,831. 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 DIRECT FUNDING FOR TEXTBOOKS, INSTRUCTIONAL MATERIALS AND EQUIPMENT THROUGH PENNSYLVANIA ACTS 195/90/35. 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. FINALLY, IN JUNE, 2021, THE ACADEMY RECEIVED FORGIVENESS OF PPP LOAN FUNDS RECEIVED IN APRIL, 2020, IN THE AMOUNT OF $3,674,500. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 2892778 0 0 0 0 0 0 2892778 0 2892778 1 0 1 0 0 0 PART III ACCOUNTING METHOD: 1 FINANCIAL AID 264 5582082 N/A N/A TUITION DISCOUNTS 186 231749 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 BUSINESS 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. X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 BARTLEY P GRIFFITH JR PRESIDENT 305250 0 25000 0 0 0 19500 0 74807 0 424557 0 0 0 AMY NIXON HEAD OF MIDDLE SCHOOL 172750 0 0 0 0 0 12075 0 23800 0 208625 0 0 0 TIMOTHY WINNER DIRECTOR OF EDUCATIONAL TECH 122698 0 0 0 0 0 6062 0 40074 0 168834 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 GOLF 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. X 25 316469 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER SHOWN IN COLUMN (B) REPRESENTS THE NUMBER OF STOCK CONTRIBUTIONS THROUGH JUNE 30, 2021. FORM 990, PART VI, SECTION A, LINE 1 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 2 TRUSTEES MARY ANNE HANNA LANG AND ANNIE HANNA ENGEL HAVE A FAMILY RELATIONSHIP. 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 BOARD MEMBERS 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 DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE ACADEMY'S CHAIRMAN OF THE BOARD SELECTS CERTAIN BOARD MEMBERS 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; PAUL BENEDUM, JR.; THOMAS M. CANGIANO; MICHAEL P. CASEY; FLOYD A. CEPHAS, SR.; MARY ELLEN COSTA; JOHN P. DAVIS, JR.; JOHN H. DEMMLER; DIANE M. FISHER; WILLIAM P. GETTY; LAWRENCE N. GUMBERG; STEPHEN F. HALPERN; 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