2019-04-24T07:27:00-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2017-07-01 231352662 MONTGOMERY SCHOOL MONT 6108277222 1141 KIMBERTON ROAD CHESTER SPRINGS PA 19425 STACI WILLIAMS SEELEY BOARD CHAIR 6108277222 2019-04-23 1 BRUCE BRAUNEWELLCPA P00075336 2156433900 67.137.57.251 2019-04-23 10:27:48 ED P 78C7C00D50616E2D554BFF091F9AC1ABF794A7F9 FBF91E9F6601ABEAE195131D925EE83266DF73FD 2017 2019-02-21 02:37:17Z STACI WILLIAMS SEELEY 1141 KIMBERTON ROAD CHESTER SPRINGS PA 19425 8013016 0 X WWW.MONTGOMERYSCHOOL.ORG X 1939 PA NON-PROFIT PRIVATE SCHOOL DEDICATED TO THE EDUCATION OF STUDENTS IN MIND, BODY AND CHARACTER. 19 19 88 95 0 0 518233 896438 6986831 6782750 29227 73467 222492 193210 7756783 7945865 2155657 2396150 0 0 3424695 3503104 0 0 136523 2129647 1977789 7709999 7877043 46784 68822 10280638 10183607 3576877 3425462 6703761 6758145 X MONTGOMERY SCHOOL IS AN INDEPENDENT, COEDUCATIONAL DAY SCHOOL SERVING PREKINDERGARTEN THROUGH GRADE 8. THE SCHOOL IS DEDICATED TO THE DEVELOPMENT OF EACH CHILD IN MIND AND BODY THROUGH ACADEMICS, FINE AND PERFORMING ARTS, AND ATHLETICS. THE SCHOOL IS EQUALLY COMMITTED TO THE DEVELOPMENT OF EACH CHILD'S CHARACTER. 0 0 6914262 2396150 6736147 EDUCATION OF CHILDREN PRE-KINDERGARDEN THROUGH THROUGH GRADE 8. 0 0 46603 FACILITIES RENTAL PROGRAM: RENTAL OF THE FACILITIES TO COMMUNITY GROUPS FOR ATHLETICS, ARTS, AND MEETINGS. 6914262 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 88 1 0 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X JAMES MCCONNEL 6108277222 1141 KIMBERTON ROAD CHESTER SPRINGS PA 19425 DANIEL GOLDSMITH CHAIR 2.00 X X 0 0 0 ALEXANDER MANGANIELLO VICE CHAIR 1.00 X X 0 0 0 PAUL GILBERT TREASURER 1.00 X X 0 0 0 DOUGLAS GESSL SECRETARY 1.00 X X 0 0 0 MARGARET FENNER TRUSTEE 1.00 X 0 0 0 STACI WILLIAMS SEELY TRUSTEE 1.00 X 0 0 0 JONATHAN BRASSINGTON TRUSTEE 1.00 X 0 0 0 LORI CIPRICH TRUSTEE 1.00 X 0 0 0 HARRY CARPENTER TRUSTEE 1.00 X 0 0 0 PATRICIA DAHM TRUSTEE 1.00 X 0 0 0 MAUREEN FENDRICK TRUSTEE 1.00 X 0 0 0 GUNTER GEIGER TRUSTEE 1.00 X 0 0 0 LANCE HOFT TRUSTEE 1.00 X 0 0 0 RENEE HENZE TRUSTEE 1.00 X 0 0 0 KRISTINE ILARIA TRUSTEE 1.00 X 0 0 0 JEFFREY LIPSON TRUSTEE 1.00 X 0 0 0 STEVEN LISK TRUSTEE 1.00 X 0 0 0 JOSHUA STEWART TRUSTEE 1.00 X 0 0 0 CHRISTOPHER TOMPKINS TRUSTEE 1.00 X 0 0 0 CHRISTINE WALEY TRUSTEE 1.00 X 0 0 0 SARAH 'SALLY' KEIDEL HEAD OF SCHOOL 40.00 X 261616 0 9995 261616 0 9995 1 0 1 0 METZ CULINARY MANAGEMENT 2 WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICES 229317 1 896438 896438 TUITION 611710 6637650 6637650 EXTENDED DAY PROGRAM 611710 94747 94747 FACILITIES RENTALS 531190 46603 46603 FEES AND LUNCHES 900099 3750 3750 6782750 37662 37662 35805 0 35805 35805 35805 233141 65933 167208 167208 2770 1218 1552 1552 MISCELLANEOUS INCOME 900099 20792 20792 YEARBOOK REVENUE 900099 3658 3658 24450 7945865 6782750 0 266677 2396150 2396150 2828753 2727836 100917 481123 481123 193228 193228 47533 47533 240894 240894 41979 41979 88054 88054 103546 103546 400013 400013 94937 94937 TUITION REMISSION 302986 302986 FOOD SERVICE 231122 231122 GENERAL INSTRUCTIONAL 158862 158862 MARKETING AND ADMISSION 142396 22942 119454 125467 89861 35606 7877043 6914262 826258 136523 2189338 2233735 11970 18065 31855 92487 5222 2974 91704 129181 13875597 6715694 7437236 7159903 513313 547262 10280638 10183607 246067 308676 2434909 2351148 895901 765638 3576877 3425462 X 6286946 6086117 354027 602190 62788 69838 6703761 6758145 10280638 10183607 68822 -14438 0 X 0 1 X 1 0 X 62788 7050 69838 52858 9930 62788 55752 1706 -4600 52858 43509 7643 4600 55752 40455 3054 43509 0.00000 1.00000 0.00000 1 0 949019 949019 10941186 5236802 5704384 971860 613746 358114 1013532 865146 148386 7159903 ADVANCED TUITION AND DEPOSITS 765638 765638 X 5616866 -2328999 -2328999 7945865 0 7945865 5548044 67151 67151 5480893 2396150 2396150 7877043 PART V, LINE 4: THE ENDOWMENT FUND IS FOR THE PURPOSE OF SUPPORTING THE FUTURE OPERATIONS OF THE ORGANIZATION. PART X, LINE 2: MONTGOMERY SCHOOL IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE AND QUALIFIES FOR THE MAXIMUM CHARITABLE CONTRIBUTION DEDUCTION FOR INDIVIDUAL DONORS. THE SCHOOL FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE SCHOOL IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE SCHOOL IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS -2,396,150. DIRECT SCHOOL STORE EXPENSES 1,218. DIRECT FUNDRAISING EVENT EXPENSES 65,933. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 65,933. DIRECT SCHOOL STORE EXPENSES 1,218. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS 2,396,150. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL JOINS WITH A GROUP OF INDEPENDENT SCHOOLS AND ADVERTISES A "STATEMENT OF NONDISCRIMINATION" IN THE PHILADELPHIA INQUIRER. ADDITIONALLY IT STATES THAT IT DOES NOT DISCRIMINATE IN ITS PRINTED MATERIALS AND ON ITS WEBSITE A "STATEMENT OF NONDISCRIMINATION" APPEARS ON THE APPLICATION FOR ENROLLMENT. SCHEDULE E, PART I, LINE 6 THE STATE OF PENNSYLVANIA DEPARTMENT OF EDUCATION PROVIDES APPROXIMATELY $30,000 IN TEXT BOOKS, INSTRUCTIONAL MATERIALS AND SPECIFIC EQUIPMENT. BENEFIT 157152 157152 40158 GOLF OUTING 75989 75989 25775 233141 233141 65933 65933 167208 1 FINANCIAL AID AND SCHOLARSHIPS 133 2396150 0 PART I, LINE 2: ALL GRANTS/ASSISTANCE ARE IN THE FORM OF FINANCIAL AID AND SCHOLARSHIPS TO THE MONTGOMERY SCHOOL. NO PAYMENTS ARE MADE DIRECTLY TO THE RECIPIENTS, AND AS SUCH THE ORGANIZATION CAN KEEP COMPLETE CONTROL OF THE PROPER USE OF THE FUNDS. X X X X X 0 0 0 0 0 0 0 0 0 SARAH 'SALLY' KEIDEL HEAD OF SCHOOL 192400 0 0 0 69216 0 9995 0 0 0 271611 0 0 0 A CENTRAL AND WESTERN CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232667137 2010-12-23 3000000 REFUNDING OF THE ISSUER'S ECONOMIC DEVELOPMENT REVENUE BONDS 0 0 0 A 628904 3000000 2750597 60000 189403 2011 1 0 1 1 A 0 0 0 0 0 0 1 A 1 0 0 0 0 1 A 1 26536 DISCOUNTED TUITION (10%) FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE BOARD CHAIR AND SUCH TRUSTEES AS THE CHAIR MAY SPECIFY, WHO MAY OR MAY NOT BE OFFICERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL MAKE RECOMMENDATIONS TO THE BOARD IN REGARD TO PROBLEMS OR CONCERNS OF THE SCHOOL, AND SHALL BE EMPOWERED TO ACT ON BEHALF OF THE TRUSTEES BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, SUBJECT TO SUBSEQUENT RATIFICATION BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM THEN THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WILL REVIEW THE FORM 990 IN DETAIL. THE COMMITTEE WILL THEN DISTRIBUTE IT TO THE FULL BOARD OF TRUSTEES AND BE PREPARED TO ANSWER QUESTIONS. THIS BOARD REVIEW WILL BE CONDUCTED PRIOR TO FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL TRUSTEES. A CONFLICT OF INTEREST ARISES IN ANY SITUATION IN WHICH A TRUSTEE (AND/OR HIS OR HER IMMEDIATE FAMILY) IS INVOLVED IN AN ACTIVITY WHICH COULD ADVERSELY AFFECT HIS OR HER JUDGMENT WITH RESPECT TO THE BUSINESS OF THE SCHOOL OR OTHERWISE DIMINISH THE INTEREST OR THE ORGANIZATION. WHEN SUCH A CONFLICT ARISES, THE INDIVIDUAL WITH THE CONFLICT IS EXPECTED TO DISCLOSE IN WRITING THE EXISTENCE OF THE CONFLICT TO THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES MAKES THE FINAL DETERMINATION AS TO WHETHER A CONFLICT EXISTS. IF A CONFLICT ARISES, THE BOARD MEMBER DOES NOT PARTICIPATE IN THE PROCESS, AND THERE IS A DISCUSSION ON THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE TOP MANAGEMENT OFFICIAL'S COMPENSATION WAS LAST REVIEWED BY THE BOARD OF TRUSTEES IN DETAIL IN JULY 2017 WHEN THE WRITTEN EMPLOYMENT CONTRACT WAS FINALIZED. A REVIEW AND BENCHMARKING AGAINST OTHER SIMILAR SCHOOLS WAS UNDERTAKEN. THE DELIBERATION AND FINAL DECISION WERE TIMELY DOCUMENTED. FORM 990, PART VII, LINE 15B: THE ORGANIZATION DID NOT HAVE ANY OTHER COMPENSATED INDIVIDUAL THAT MET THE IRS DEFINITION OF OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.