2022-03-08T16:04:31-06:00 2021-06-30 752393478 WHITLEY PENN LLP 8343 DOUGLAS AVENUE SUITE 400 DALLAS TX 75225 990 2020-07-01 751390485 PARISH EPISCOPAL SCHOOL PARI 9722398011 4101 SIGMA ROAD DALLAS TX 75244 MARK KIRKPATRICK CFO 9722398011 2022-02-25 1 MARK KIRKPATRICK 999009999 CURTIS MAXFIELD P00445178 2143939300 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARK KIRKPATRICK 4101 SIGMA ROAD DALLAS TX 75244 39080489 0 X WWW.PARISH.ORG X 1972 TX INSPIRED BY OUR VALUES OF WISDOM, HONOR, AND SERVICE, PARISH EPISCOPAL SCHOOL'S INCLUSIVE EPISCOPAL COMMUNITY GUIDES YOUNG PEOPLE TO BECOME CREATIVE LEARNERS AND BOLD LEADERS PREPARED TO IMPACT OUR COMPLEX GLOBAL SOCIETY. 29 29 424 280 -58 0 4571856 4727046 33310309 33741378 -35786 -17032 370225 -9939 38216604 38441453 3023882 3428522 0 0 21246418 21962382 0 0 974874 11049524 10980588 35319824 36371492 2896780 2069961 85887048 99531938 47689112 58780991 38197936 40750947 INSPIRED BY OUR VALUES OF WISDOM, HONOR, AND SERVICE, PARISH EPISCOPAL SCHOOL'S INCLUSIVE EPISCOPAL COMMUNITY GUIDES YOUNG PEOPLE TO BECOME CREATIVE LEARNERS AND BOLD LEADERS PREPARED TO IMPACT OUR COMPLEX GLOBAL SOCIETY. 0 0 31563283 3428522 33825373 DURING THE FISCAL YEAR ENDED JUNE 30, 2021, PARISH EPISCOPAL SCHOOL PROVIDED QUALITY EDUCATIONAL SERVICES TO APPROXIMATELY 1,137 STUDENTS IN GRADES PRESCHOOL THROUGH TWELFTH GRADE. 31563283 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 180 0 1 424 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARK KIRKPATRICK 9722398011 4101 SIGMA ROAD DALLAS TX 75244 ANDREA MAYFIELD CHAIR 1.00 X X 0 0 0 TREY VELVIN VICE CHAIR 1.00 X X 0 0 0 BOB MARSHALL TREASURER 1.00 X X 0 0 0 AMEETH SANKARAN SECRETARY 1.00 1.00 X X 0 0 0 DAVE MONACO - EX OFFICIO ALLEN MEYER FAMILY HEAD OF SCHOOL 40.00 X X 494160 0 29280 FATHER CASEY SHOBE RECTOR THE CHURCH OF THE TRANSFIGURATION 1.00 X 0 0 0 LAURA BAGGETT TRUSTEE 1.00 X 0 0 0 JASON DEVENING TRUSTEE 1.00 1.00 X 0 0 0 NASH LOWRANCE TRUSTEE 1.00 X 0 0 0 KELSEY MCDONNOUGH TRUSTEE 1.00 X 0 0 0 LAUREL BREWSTER TRUSTEE 1.00 X 0 0 0 BILL GRIFFIN TRUSTEE 1.00 1.00 X 0 0 0 MICHELE GOUGH TRUSTEE 1.00 X 0 0 0 MICHAEL PEGUES TRUSTEE 1.00 X 0 0 0 MICHELLE NORMAN TRUSTEE 1.00 X 0 0 0 SCOTT PERSHERN TRUSTEE 1.00 X 0 0 0 MICHAEL VILLA TRUSTEE 1.00 X 0 0 0 GARY WALSH TRUSTEE 1.00 1.00 X 0 0 0 ALYSON JACKSON TRUSTEE 1.00 X 0 0 0 BRAD PHILLIPS TRUSTEE 1.00 X 0 0 0 JOYCE ROGGE TRUSTEE 1.00 X 0 0 0 ALEX SHARMA TRUSTEE 1.00 X 0 0 0 CAROL CARRINGTON TRUSTEE 1.00 X 0 0 0 HOLLYE FISK TRUSTEE 1.00 X 0 0 0 KIMBERLY RICH TRUSTEE 1.00 X 0 0 0 SAIRA HABASH TRUSTEE 1.00 X 0 0 0 LAURIE WALLACE TRUSTEE 1.00 X 0 0 0 OLIVER CONE - EX OFFICIO SENIOR WARDEN THE CHURCH OF TRANSFIGURATION 1.00 X 0 0 0 NANCY ANN HUNT TRUSTEE EMERITUS 1.00 X 0 0 0 JAY MADRID TRUSTEE EMERITUS 1.00 X 0 0 0 ALLEN MEYER TRUSTEE EMERITUS 1.00 X 0 0 0 J MARK KIRKPATRICK CHIEF FINANCIAL OFFICER 40.00 1.00 X 229051 0 21467 MICHELLE LYON ASSISTANT HEAD OF SCHOOL 40.00 X 217422 0 19994 AMY ARIAGNO DIRECTOR OF FINANCE 40.00 X 140697 0 22868 JENNIFER WILSON HEAD OF MIDDLE SCHOOL AND ASSISTANT HEAD OF SCHOOL 40.00 X 147086 0 13290 BRETT MCCABE DIRECTOR OF ATHLETICS 40.00 X 123346 0 18647 ANDREW JENNINGS HEAD OF UPPER SCHOOL 40.00 X 123000 0 14462 CRAIG SAVAGE US FACULTY 40.00 X 117658 0 6055 1592420 0 146063 10 0 1 0 MCCARTHY BUILDING COMPANIES INC 12001 N CENTRAL EXPRESSWAY DALLAS TX 75243 CONSTRUCTION 19010737 SYMMETRY TURF 312 W ALABAMA STREET MOUNT PLEASANT TX 75455 SPORTS FIELD SERVICE 875367 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 799181 CORPORATE BUILDING SERVICES INC 11325 TANTOR ROAD DALLAS TX 75229 CLEANING SERVICE 255197 BOKA POWELL LLC 8070 PARK LANE SUITE 300 DALLAS TX 75231 ARCHITECTURAL SERVICES 244187 9 X 231153 145087 3592500 758306 70545 4727046 TUITION & FEES 611110 32538741 32538741 ENRICHMENT PROGRAMS 611600 967924 967924 AFTERNOON PRE-K 611110 234713 234713 33741378 77 77 10114 0 10114 10114 10114 17109 -17109 -17109 -17109 119503 145087 256425 -136922 -136922 34155 8218 25937 25937 413022 357284 55738 55796 -58 APPLICATION FEES & REIMBUSEMENTS 611699 26836 26836 ATHLETICS GATE REVENUE 611600 8358 8358 35194 38441453 33825373 -58 -110908 3428522 3428522 1313053 462600 850453 16800912 14722481 1368799 709632 861667 711891 114278 35498 1680440 1475592 155101 49747 1306310 1074345 173486 58479 40841 40841 86818 86818 93 93 971572 920204 51368 80079 16940 63139 255433 255433 403275 188445 214830 2749273 2677158 59768 12347 100813 100813 744241 725635 14885 3721 3098507 3021045 61970 15492 281800 270730 8856 2214 INSTRUCTION 1403760 1373217 30331 212 MISCELLANEOUS 561316 393665 165896 1755 DEVELOPMENT 202767 116990 85777 36371492 31563283 3833335 974874 X 27760866 20022097 11633757 5974316 2665399 13100986 265707 224432 1712715 1972722 100133327 42006574 41737972 58126753 110632 110632 85887048 99531938 6359008 6392704 18746990 31877398 19421468 18607484 1000000 750000 2161646 1153405 47689112 58780991 X 14763275 38599103 23434661 2151844 38197936 40750947 85887048 99531938 X 2069961 -5190 488240 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22134500 500000 4861747 592500 3000000 110147 23793600 22332133 25000 413469 538500 -24099 121701 22134500 21446703 551815 921828 467900 120313 22332133 20689618 -32870 1315294 410500 114839 21446703 19933442 120893 1084195 347600 101312 20689618 0.83200 0.12300 0.04500 0 0 2607000 2607000 75201047 31477731 43723316 21538671 10528843 11009828 786609 786609 58126753 SWAP VALUATION ADJUSTMENT 1153405 1153405 X PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR THE BENEFIT OF PARISH EPISCOPAL SCHOOL. PART X, LINE 2: PES AND THE ENDOWMENT FUND ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND THEREFORE NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAXES IN THE CONSOLIDATED FINANCIAL STATEMENTS. IN ADDITION, PES AND THE ENDOWMENT FUND HAVE BEEN CLASSIFIED AS ENTITIES THAT ARE NOT PRIVATE FOUNDATIONS WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. PES AND THE ENDOWMENT FUND ARE ALSO EXEMPT FROM STATE INCOME TAXES. MANAGEMENT HAS EVALUATED THE PES AND THE ENDOWMENT FUND FEDERAL AND STATE TAX POSITIONS AND BELIEVES THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AND BELIEVES THAT IT HAS NOT TAKEN A TAX POSITION THAT, IF CHALLENGED, WOULD HAVE A MATERIAL EFFECT ON THE SCHOOL'S CONSOLIDATED FINANCIAL STATEMENTS. THE SCHOOL IS REQUIRED TO FILE AN ANNUAL INFORMATION RETURN WITH THE INTERNAL REVENUE SERVICE ("IRS"). PES AND THE ENDOWMENT FUND EACH FILE FORM 990 IN THE UNITED STATES FEDERAL JURISDICTION WITHIN THE UNITED STATES AND NO TAX RETURNS ARE CURRENTLY UNDER EXAMINATION BY ANY TAX AUTHORITIES. SCHEDULE D, PART X, LINE 1, NUMBER 2: IN JULY 2018, THE SCHOOL ENTERED INTO AN INTEREST RATE EXCHANGE AGREEMENT WITH A BANK IN ORDER TO MITIGATE INTEREST RATE RISK. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PARISH PUBLISHES A NONDISCRIMINATORY AD IN THE DALLAS MORNING NEWS EACH YEAR TO COMPLY WITH ITS NONDISCRIMINATORY POLICY. ITS POLICY IS ALSO DISCLOSED ON THE ENROLLMENT APPLICATION AND ON ITS WEBSITE. ANNUAL GALA 173364 81287 92077 51070 4000 58779 GOLF/TENNIS TOURNAMENT 73175 63800 9375 4779 17564 1605 246539 145087 101452 4779 68634 4000 60384 137797 -36345 34155 8218 0 34155 8218 8218 25937 TX 1 0 1 0 0.75000 0.25000 GAYLENE MCMAHON 4101 SIGMA ROAD DALLAS TX 75244 0 DIANA HAMILTON ORGANIZES AND PLANS GAMING EVENT AND MANAGES THE ACTUAL EVENT. X 0 1 FINANCIAL ASSISTANCE PROVIDED TO STUDENTS 170 3428522 FMV TUITION PART I, LINE 2: ALL FINANCIAL ASSISTANCE GRANTS ARE PROVIDED AS A DISCOUNT TO TUITION WHICH IS BILLED FOR EACH STUDENT, CASH IS NOT PROVIDED TO THE GRANTEE. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 DAVE MONACO - EX OFFICIO ALLEN MEYER FAMILY HEAD OF SCHOOL 344160 0 150000 0 0 0 17100 0 12180 0 523440 0 0 0 J MARK KIRKPATRICK CHIEF FINANCIAL OFFICER 229051 0 0 0 0 0 11591 0 9876 0 250518 0 0 0 MICHELLE LYON ASSISTANT HEAD OF SCHOOL 217422 0 0 0 0 0 13142 0 6852 0 237416 0 0 0 AMY ARIAGNO DIRECTOR OF FINANCE 140697 0 0 0 0 0 10688 0 12180 0 163565 0 0 0 JENNIFER WILSON HEAD OF MIDDLE SCHOOL AND ASSISTANT 147086 0 0 0 0 0 7386 0 5904 0 160376 0 0 0 SCHEDULE J, PART I, LINE 1A DAVID MONACO IS PROVIDED A DISCRETIONARY BUDGET TO BE USED FOR THE ADVANCEMENT OF THE SCHOOL'S GOALS, OBJECTIVES AND MISSION IN THE BROADER COMMUNITY. A RED RIVER EDUCATION FINANCE CORPORATION 752791247 2010-12-30 27325000 PROVIDE EDUCATION FACILITIES FOR USE AT THE FARMERS BRANCH, TX CAMPUS 0 0 0 A 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X 3698 SALES PRICE X 25 54997 FMV X 14 11850 SALES PRICE 0 1 1 PART I, LINE 32B: PARISH EPISCOPAL SCHOOL HIRES A THIRD PARTY ORGANIZATION TO ORGANIZE AND TRACK THE SALE AND PROCEEDS FROM THE NON-CASH ITEMS SOLICITED BEFORE AND DURING THE GALA. AN AUCTIONEER IS HIRED TO CONDUCT THE LIVE AUCTION AT THE EVENT. THE SCHOOL USES A THIRD-PARTY, TRUIST BANK, TO LIQUIDATE NON-CASH STOCK DONATIONS. SUCH LIQUIDATION IS USUALLY UNDERTAKEN WITH ONE TO TWO DAYS OF RECEIPT OF THE CONTRIBUTION. FORM 990, PART VI, SECTION A, LINE 1 THE SENIOR WARDEN OF THE TRANSFIGURATION AND THE HEAD OF SCHOOL ARE EX-OFFICIO MEMBERS OF THE BOARD OF TRUSTEES AND HAVE NO VOTING RIGHTS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF THE FORM 990 IS REVIEWED AND APPROVED BY THE RISK MANAGEMENT COMMITTEE PRIOR TO FILING. THE FORM 990 IS ALSO MADE AVALIABLE TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY WAS ORIGINALLY APPROVED BY THE BOARD IN 1998 AND WAS MOST RECENTLY AMENDED IN 2007. THE POLICY IS DISTRIBUTED AT THE BEGINNING OF EACH YEAR TO ALL BOARD MEMBERS AND IS INCLUDED IN THE BOARD OF TRUSTEES MANUAL. THE POLICY REQUIRES THE BOARD MEMBER TO ATTEST THEY HAVE NOT HELD ANY OFFICE OR DIRECTORSHIP OR HAVE A PERSONAL FINANCIAL INTEREST, DIRECTLY OR INDIRECTLY, IN ANY CORPORATION, PARTNERSHIP OR ENTITY WHICH TRANSACTS BUSINESS WITH PARISH EPISCOPAL SCHOOL (THE SCHOOL), THEY DO NOT INDIVIDUALLY TRANSACT ANY BUSINESS, DIRECTLY OR INDIRECTLY, WITH THE SCHOOL AND ARE NOT RELATED TO ANY INDIVIDUAL IN THE EMPLOY OF THE SCHOOL OR DOING BUSINESS WITH THE SCHOOL. 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. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS OUTLINED IN HIS 3 YEAR CONTRACT. EACH YEAR THE EXECUTIVE COMMITTEE REVIEWS THE HEAD OF SCHOOL'S PERFORMANCE AND GOALS AND AN ANNUAL MERIT ADJUSTMENT IS MADE TO HIS COMPENSATION. THE CHIEF FINANCIAL OFFICER'S COMPENSATION IS BASED UPON EXPERIENCE UPON HIRE AND RECEIVES THE MERIT INCREASE FOR STAFF AS ESTABLISHED ANNUALLY BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE SCHOOL COMMUNITY (EMPLOYEES, VOLUNTEER LEADERSHIP, TRUSTEES) BUT NOT TO THE GENERAL PUBLIC OUTSIDE THE SCHOOL COMMUNITY. FORM 990, PART VIII, LINE 1H: TOTAL OTHER CONTRIBUTIONS AMOUNT IS NET OF $1,267,231 IN UNCOLLECTIBLE PLEDGES EXPENSE, RESTRICTED. FORM 990, PART X, LINE 4 & 19: AT THE BEGINNING OF THE YEAR, THE SCHOOL ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS UPDATE 2014-09, "REVENUE FROM CONTRACTS WITH CUSTOMERS (TOPIC 606)" EFFECTIVE JULY 1, 2020. ACCOUNTS RECEIVABLE, NET (LINE 4) AND DEFERRED REVENUE (LINE 19) WERE RESTATED AS OF THE BEGINNING OF THE YEAR TO $13,836,116 AND $29,917,707, RESPECTIVELY. FORM 990, PART XI, LINE 9: CHANGE IN FAIR MARKET VALUE OF INTEREST SWAP 488,240. FORM 990, PART XII, LINE 2C: THE FINANCIAL REPORTING OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PARISH EPISCOPAL SCHOOL ENDOWMENT FUND INC 4101 SIGMA ROAD DALLAS TX 75244 752264376 FUND RAISING TX 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 PARISH EPISCOPAL SCHOOL ENDOWMENT FUND C 3592500 CASH