2019-05-13T20:43:58-05:00 2018-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2017-07-01 231370498 Church Farm School % KAREN WERTZ CHUR 6103637500 1001 E Lincoln Highway Exton PA 19341 REV EDMUND K SHERRILL II Director of Finance and Operations 6103637500 2019-05-13 true Alycia Solecki P01272637 2155614200 209.220.64.52 23695320191335000030 2019-05-13 P 04E19E8340CDD89100F42C66444793E1C2FF8E15 435BF8AECAD1483B504E3BFCA9FF337394A871F0 2017 2019-02-21 02:37:17Z Rev Edmund K Sherrill II 1001 E Lincoln Highway Exton PA 19341 42859078 false X www.gocfs.net X 1918 PA CFS PREPARES A DIVERSE GROUP OF BOYS WITH ACADEMIC ABILITY AND GOOD CHARACTER TO LEAD PRODUCTIVE AND FULFILLING LIVES BY MAKING A COLLEGE PREPARATORY EDUCATION FINANCIALLY ACCESSIBLE 17 17 106 0 -331435 -331435 2853401 2876034 1536701 1524143 7273677 10530818 364235 383652 12028014 15314647 0 0 0 0 6051934 6141104 0 0 765010 4682363 4720013 10734297 10861117 1293717 4453530 170740547 177259051 6414006 4874623 164326541 172384428 THE CHURCH FARM SCHOOL PREPARES A DIVERSE GROUP OF BOYS WITH ACADEMIC ABILITY AND GOOD CHARACTER TO LEAD PRODUCTIVE AND FULFILLING LIVES BY MAKING A COLLEGE PREPARATORY EDUCATION FINANCIALLY ACCESSIBLE. false false 8238112 1524143 PROVISION OF A RESIDENTIAL COLLEGE PREPARATORY ENVIRONMENT FOR BOYS IN GRADES 9 THROUGH 12 FROM FINANCIALLY DESERVING FAMILIES. THE SCHOOL PROVIDES HOUSING, SOME TRANSPORTATION, EDUCATION, SOCIAL ACTIVITIES, SUPPORT SERVICES AND A WORK PROGRAM FOR APPROXIMATELY 200 BOYS ON A 150 ACRE CAMPUS. NEARLY 100% OF CFS GRADUATES GO ON TO MATRICULATE TO 4 YEAR COLLEGES AND UNIVERSITIES. 8238112 true true false false false false false false false true true true false false true true true false true false false false false false true false false false false true false false false false false false false false true false false false false false false false false true 48 0 true 106 true true true false false false false true true false false false false X 17 17 true false false false false false false true true false false true true true true true true true false false PA X KAREN WERTZ 6103637500 1001 E LINCOLN HIGHWAY EXTON PA 19341 MARK T CARROLL CHAIRMAN (End 5/2018) 3.0 0.0 X X 0 0 0 MATTHEW J BURNS VICE-CHAIRMAN 3.0 0.0 X X 0 0 0 SAMUEL B CUPP JR TREASURER 3.0 0.0 X X 0 0 0 STACEY SHREINER KLEY SECRETARY 3.0 0.0 X X 0 0 0 ALEMAYEHU ADDIS BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN A BELLIS JR BOARD MEMBER 1.0 0.0 X 0 0 0 GREGORY W COLEMAN BOARD MEMBER 1.0 0.0 X 0 0 0 STEPHEN B DARBY BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN D DIEDERICH BOARD MEMBER 1.0 0.0 X 0 0 0 RICHARD H GHERST II BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL J HANKIN BOARD MEMBER 1.0 0.0 X 0 0 0 REV PRESTON B HANNIBAL BOARD MEMBER 1.0 0.0 X 0 0 0 STEPHEN A LONEY BOARD MEMBER 1.0 0.0 X 0 0 0 VINCENT J NAPOLEON BOARD MEMBER 1.0 0.0 X 0 0 0 PETER C PHILLIPS MD BOARD MEMBER 1.0 0.0 X 0 0 0 CAROLINE BUCK ROGERS BOARD MEMBER 1.0 0.0 X 0 0 0 GARY G SCHLARBAUM BOARD MEMBER (End 5/2018) 1.0 0.0 X 0 0 0 MEHUL TRIVEDI BOARD MEMBER 1.0 0.0 X 0 0 0 RICHARD C WEBER BOARD MEMBER 1.0 0.0 X 0 0 0 MASSANDJE WILLIAMS BOARD MEMBER (End 10/2017) 1.0 0.0 X 0 0 0 REV EDMUND K SHERRILL II HEAD OF SCHOOL 50.0 0.0 X 205000 0 114457 NEIL J FANELLI JR DIRECTOR OF FINANCE 50.0 0.0 X 171263 0 42609 PETER E CORRADO DIRECTOR OF DEVELOPMENT 50.0 0.0 X 152269 0 32571 CHRISTOPHER A SEELEY ASSISTANT HEAD OF SCHOOL 50.0 0.0 X 149496 0 31696 CHARLES R NOLL DIRECTOR OF STUDENT LIFE 50.0 0.0 X 109908 0 37675 ARTHUR S SMITH FACULTY TEACHER 50.0 0.0 X 107008 0 14573 894944 0 273581 6 false true false Sodexo inc and Affiliates PO Box 360170 PITTBURGH PA 15251 Food/Janitor Svcs 1117217 BrightView Landscapes LLC 131 Ship Road EXTON PA 19341 Grounds Svcs 133833 JDT Construction 10 North Bacton Hill Road MALVERN PA 19355 Construction Svcs 131465 3 2876034 359188 2876034 TUITION AND FEES 900099 1524143 1524143 1524143 3650779 -331435 3982214 0 0 146135 146135 0 146135 146135 34301294 1278 27422533 6878761 1278 6880039 6880039 359415 121898 237517 237517 0 0 0 0 0 0 0 15314647 1524143 -331435 11245905 0 0 0 0 268062 268062 0 4490637 3285474 812712 392451 402974 316618 48527 37829 633548 452761 126691 54096 345883 242014 74953 28916 0 36604 36604 79969 4962 75007 0 0 0 1230716 1191607 39109 238406 37911 200495 102816 39191 43027 20598 274495 149056 125439 0 653185 626208 26977 108444 67047 28646 12751 0 36127 20292 12080 3755 976 976 0 878014 833235 44779 131941 113910 14091 3940 CAMPUS MAINTENANCE 300168 286032 14136 ATHLETIC 176741 176741 STUDENT ACTIVITIES 141307 141307 INSTRUCTIONAL 126110 126110 203994 127636 66179 10179 10861117 8238112 1857995 765010 0 0 4569748 4094276 30331 1002943 297381 188729 0 0 0 0 0 0 0 0 128902 298745 35156242 23700420 11512948 11455822 134535993 140034467 12067330 12498914 0 0 0 0 7597914 7685155 170740547 177259051 683088 768250 0 0 0 722662 0 0 0 0 0 0 0 0 0 0 5730918 3383711 6414006 4874623 X 131072168 134270813 1371489 2627399 31882884 35486216 164326541 172384428 170740547 177259051 X 4453530 2541683 1062674 X false true X true false X 146603323 13350 12973606 7056898 152533381 133996365 18636732 6029774 146603323 141711675 -881535 6833775 133996365 144985308 2688928 5962561 141711675 128528438 23756043 7299173 144985308 0.81750 0.18250 true false 317134 317134 27876536 18699239 9177297 2022804 544339 1478465 4939768 4456842 482926 11455822 COMMON TRUST FUND 12498914 F 12498914 0 PENSION PROJECTED BEN. OBLIGATION 3383711 3383711 X 19040902 2541683 1062674 3604357 15436545 -121898 -121898 15314647 10983015 121898 121898 10861117 10861117 INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 CFS'S ENDOWMENT CONSISTS OF PORTFOLIO INVESTMENTS WHICH PROVIDE APPROXIMATELY 70 PERCENT OF ANNUAL OPERATING NEEDS, AS WELL AS LONG-TERM FINANCIAL STABILITY. FIN 48 FOOTNOTE (ASC 740) FORM 990, SCHEDULE D, PART X No provision for income taxes has been recorded in the accompanying financial statements due to CFS exempt status. At June 30, 2018 and 2017, the financial statements do not include any material uncertain tax positions. As of June 30, 2018, CFS tax periods ended June 30, 2017, 2016 and 2015 remain subject to examination by the Internal Revenue Service. RECONCILIATION OF REVENUES SCHEDULE D, PART XI, LINE 2D DECREASE IN UNFUNDED PENSION STATUS $ 1,062,674 SCHEDULE D, PART XI, LINE 4B RECLASS OF SPECIAL EVENTS EXPENSES $ (121,898) RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 2D RECLASS OF SPECIAL EVENTS EXPENSES $ 121,898 true true true true true true true false false false false false false false false true false true PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 3 THE POLICY AS TO NONDISCRIMINATION TO STUDENTS, IS PUBLISHED IN THE PARENT/STUDENT HANDBOOK. GOVERNMENT ASSISTANCE SCHEDULE E, PART I, LINE 6A FINANCIAL ASSISTANCE IS RECEIVED FROM THE STATE OF PENNSYLVANIA IN THE FORM OF AN ALLOWANCE (CREDIT) TO BE USED FOR THE RENTAL OF TEXTBOOKS AND OTHER EDUCATIONAL MATERIALS. Golf Classic 126785 126785 11540 14697 16500 GALA Event 232630 232630 7000 52043 7700 12418 0 359415 359415 18540 66740 7700 28918 121898 237517 X X true true X X X false false false false false false false false false REV EDMUND K SHERRILL II HEAD OF SCHOOL 205000 0 0 0 0 0 49531 0 65982 0 320513 0 0 0 NEIL J FANELLI JR DIRECTOR OF FINANCE 171263 0 0 0 0 0 29543 0 13986 0 214792 0 0 0 PETER E CORRADO DIRECTOR OF DEVELOPMENT 152269 0 0 0 0 0 26266 0 7123 0 185658 0 0 0 CHRISTOPHER A SEELEY ASSISTANT HEAD OF SCHOOL 149496 0 0 0 0 0 19285 0 13214 0 181995 0 0 0 COMPENSATION INFORMATION SCHEDULE J, PART I, LINE 1 THE SCHOOL PROVIDES HOUSING AND OTHER BENEFITS TO CERTAIN KEY EMPLOYEES AS A REQUIREMENT OF THEIR DUTIES OR AS A BENEFIT OF EMPLOYMENT. THE VALUE OF THESE BENEFITS ARE INCLUDED IN THE TAXABLE WAGES OF THESE EMPLOYEES, TO THE EXTENT THEY ARE NOT OTHERWISE EXCLUDED FROM SUCH BY THE INTERNAL REVENUE CODE AND ALL ARE DISCLOSED, AS REQUIRED, ON FORM 990, PART VII AND SCHEDULE J. THERE ARE SOME TAX INDEMNIFICATION BENEFITS PROVIDED TO FACULTY OF LONG TERM TENure. X 10 359188 FMV false true true Third Party Assistance of Noncash Contributions Part I, Line 32B All donated publicly traded securities are sold immediately by Bryn Mawr Trust. BUSINESS RELATIONSHIPS FORM 990, PART VI, LINE 2 MARK CARROLL, MATTHEW BURNS, AND STEPHEN DARBY ARE CFS DIRECTORS WHO PARTICIPATE IN THE CHURCH FARM SCHOOL SCHOLARSHIP 1, LLC. FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11B THE FORM 990 WAS PREPARED BY A NATIONALLY RECOGNIZED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS FIRST CIRCULATED TO THE AUDIT COMMITTEE AND THEN DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER WAS PROVIDED OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT FORM 990, PART VI, LINE 12C ANNUALLY, EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE ARE REQUIRED TO RESPOND TO MANAGEMENT'S "ACTIVITY QUESTIONNAIRE". PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD INITIALLY ENGAGED AN INDEPENDENT SCHOOL COMPENSATION CONSULTANT TO ASSIST IN DESIGNING AND IMPLEMENTING THE CURRENT COMPENSATION PACKAGE/STRUCTURE OF THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE OF THE BOARD BENCHMARKS THE TERMS OF COMPENSATION FOR THE HEAD OF SCHOOL TO CONFIRM THAT THE POLICY IS IN-LINE WITH INDUSTRY STANDARDS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS/NAIS, ETC.). HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC FORM 990, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 DECREASE IN UNFUNDED PENSION STATUS $ 1,062,674 FORM 990 PART IX LINE 11G DESCRIPTION:KITCHEN/FOOD SERVICES TOTAL FEES:917894 FORM 990 PART IX LINE 11G DESCRIPTION:JANITORIAL SERVICES TOTAL FEES:168931 FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED JOBS TOTAL FEES:119491 FORM 990 PART IX LINE 11G DESCRIPTION:HUMAN RESOURCES SERVICES TOTAL FEES:24400