2018-05-14T12:37:24-05:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2016-07-01 231352662 MONTGOMERY SCHOOL MONT 6108277222 1141 KIMBERTON ROAD CHESTER SPRINGS PA 19425 DANIEL GOLDSMITH BOARD CHAIR 6108277222 2018-05-11 1 BRUCE BRAUNEWELLCPA P00075336 2156433900 2016 2022-09-23 18:48:47Z DANIEL GOLDSMITH 1141 KIMBERTON ROAD CHESTER SPRINGS PA 19425 8456861 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 94 0 0 503716 518233 6689764 6986831 22153 29227 205015 222492 7420648 7756783 2013234 2155657 0 0 3388537 3424695 0 0 200481 2026466 2129647 7428237 7709999 -7589 46784 10722608 10310560 4088454 3606799 6634154 6703761 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 6582346 2155657 6986831 EDUCATION OF CHILDREN PRE-KINDERGARDEN THROUGH THROUGH GRADE 8. 49704 FACILITIES RENTAL PROGRAM: RENTAL OF THE FACILITIES TO COMMUNITY GROUPS FOR ATHLETICS, ARTS, AND MEETINGS. 6582346 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 1 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 0 1 1 0 PA X MARK MURRAY 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 GEORGE WM CAVALIERI 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 ANTHONY J DIFRANCESCO JR TRUSTEE 1.00 X 0 0 0 MAUREEN M FENDRICK TRUSTEE 1.00 X 0 0 0 MARGARET FENNER TRUSTEE 1.00 X 0 0 0 GUNTER GEIGER TRUSTEE 1.00 X 0 0 0 LANCE HEFT TRUSTEE 1.00 X 0 0 0 RENEE HENZE TRUSTEE 1.00 X 0 0 0 JEFFREY LIPSON TRUSTEE 1.00 X 0 0 0 STEVEN D LISK TRUSTEE 1.00 X 0 0 0 R KIRK MORGAN TRUSTEE 1.00 X 0 0 0 STACI WILLIAMS SEELY TRUSTEE 1.00 X 0 0 0 GEORGE B VOSBURGH TRUSTEE 1.00 X 0 0 0 CHRISTINE M WHALEY TRUSTEE 1.00 X 0 0 0 SALLY KEIDEL HEAD OF SCHOOL 40.00 X 253437 0 36960 253437 0 36960 1 0 1 0 METZ CULINARY MANAGEMENT 2 WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICES 245225 1 518233 518233 TUITION 611710 6883713 6883713 EXTENDED DAY PROG. 611710 100468 100468 FEES & LUNCHES 900099 2650 2650 6986831 20698 20698 49704 0 49704 49704 49704 637025 628496 8529 8529 8529 213131 67787 145344 145344 4865 3795 1070 1070 MISCELLANEOUS INCOME 900099 21873 21873 YEARBOOK REVENUE 900099 4501 4501 26374 7756783 7036535 0 202015 2155657 2155657 285290 285290 2508506 2361196 147310 436496 433913 2583 194403 183134 11269 68207 68207 255786 255786 48552 48552 97855 97855 107091 107091 402054 402054 100904 100904 TUITION REMISSION 304720 304720 FOOD SERVICE 258734 258734 MARKETING AND ADMISSION 169935 29630 140305 GENERAL INSTRUCTIONAL 168018 168018 147791 108472 39319 7709999 6582346 927172 200481 2332869 2189338 10040 11970 64033 31855 3729 5222 102842 91704 13752917 6315681 7698382 7437236 470817 513313 39896 29922 10722608 10310560 227830 246067 2555021 2464831 1305603 895901 4088454 3606799 X 6292494 6286946 288802 354027 52858 62788 6634154 6703761 10722608 10310560 46784 22823 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52858 9930 62788 55752 1706 -4600 52858 43509 7643 4600 55752 40455 3054 43509 30487 9968 40455 1.00000 1 0 949019 949019 11848194 5504157 6344037 955704 811524 144180 7437236 ADVANCED TUITION & DEPOSITS 895901 895901 X 7851188 22823 71582 94405 7756783 0 7756783 7781581 71582 71582 7709999 0 7709999 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: SCHOOL STORE EXPENSES 3,795. FUNDRAISING EXPENSES 67,787. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOOL STORE EXPENSES 3,795. FUNDRAISING EXPENSES 67,787. 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 156926 156926 1750 15692 1551 24174 GOLF OUTING 56205 56205 3820 16437 4363 213131 213131 3820 1750 32129 1551 28537 67787 145344 1 FINANCIAL AID 129 2155657 N/A N/A PART I, LINE 2: GRANTS FOR FINANCIAL AID ARE MADE BY A FINANCIAL COMMITTEE AND ARE BASED ON ADMISSION OF THE STUDENT AND FINANCIAL NEED. APPLICANTS ARE REQUIRED TO PROVIDE FINANCIAL INFORMATION IN THE FORM OF A QUESTIONNAIRE ADMINISTERED BY A THIRD PARTY, FAST, AND THE PROVISION OF TAX RETURNS. X X X X X 0 1 0 0 0 0 0 0 0 SALLY KEIDEL HEAD OF SCHOOL 192400 0 0 0 61037 0 9620 0 27340 0 290397 0 0 0 PART I, LINE 4B SALLY KEIDEL WAS A PARTICIPANT IN THE 457(B) PLAN DURING 2016. 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 535169 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 25393 TUITION REMISSION (10% DISCOUNT) 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 EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WILL REVIEW THE 990 IN DETAIL. THEY WILL THEN DISTRIBUTE IT TO THE FULL BOARD OF TRUSTEES AND BE PREPARED TO ANSWER QUESTIONS. THIS REVIEW WILL BE CONDUCTED PRIOR TO FILING THE 990 RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES SHALL EXERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS TOUCHING UPON THEIR DUTIES TO THE ORGANIZATION AND ITS PROPERTY. IN THEIR DEALINGS WITH AND ON BEHALF OF THE SCHOOL, THEY ARE HELD TO STRICT RULES OF HONEST AND FAIR DEALING BETWEEN THEMSELVES AND THE SCHOOL. THEY SHALL NOT USE THEIR POSITIONS AS TRUSTEES, OR KNOWLEDGE GAINED THERE FROM, SO THAT A CONFLICT MIGHT ARISE BETWEEN THE SCHOOL'S INTEREST AND THAT OF ANY INDIVIDUAL TRUSTEE. 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. 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 15 THE TOP MANAGEMENT OFFICIAL'S COMPENSATION WAS LAST REVIEWED IN DETAIL IN JULY 2017. A REVIEW AND BENCHMARKING AGAINST OTHER SIMILAR SCHOOLS WAS UNDERTAKEN. OTHER KEY EMPLOYEES SALARIES ARE DETERMINED USING DATA PROVIDED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS FOR LIKE POSITIONS. THIS PROCESS IS FOLLOWED ON AN ANNUAL BASIS. 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.