2018-02-05T11:45:38-06:00 2017-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2016-07-01 231370498 Church Farm School % NEIL FANELLI JR CHUR 6103637500 1001 E Lincoln Highway Exton PA 19341 REV EDMUND K SHERRILL II Director of Finance and Operations 6103637500 2018-02-01 true Alycia Mecchella P01272637 2155614200 209.220.136.124 23695320180365000002 2018-02-05 P 19739530E8FB4F7C1C006380FC5E44D6664E1EFF B06AFC170CFC092D625C70CD19843BA6B0D5D240 2016 2021-01-29 14:40:06Z REV Edmund K Sherrill II 1001 E Lincoln Highway Exton PA 19341 25230082 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 17 104 0 -230437 -230437 1508394 2853401 1335885 1536701 8320326 7273677 329501 364235 11494106 12028014 0 0 0 0 5973061 6051934 0 0 683027 4658298 4682363 10631359 10734297 862747 1293717 156006609 170740547 6725194 6414006 149281415 164326541 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 8029696 1536701 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. 8029696 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 41 0 true 104 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 NEIL FANELLI JR 6103637500 1001 E LINCOLN HIGHWAY EXTON PA 19341 MARK T CARROLL CHAIRMAN 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 RICHARD H GHERST II BOARD MEMBER 1.0 0.0 X 0 0 0 REV DANIEL GUTIERREZ 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 WILLIAM HARRAL BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN P KIRWIN III BOARD MEMBER 1.0 0.0 X 0 0 0 STEPHEN A LONEY BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN PICKERING BOARD MEMBER 1.0 0.0 X 0 0 0 PHILIP PRICE 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 1.0 0.0 X 0 0 0 WALTER K SMITH BOARD MEMBER 1.0 0.0 X 0 0 0 NORMAN STRATE BOARD MEMBER 1.0 0.0 X 0 0 0 MEHUL TRIVEDI BOARD MEMBER 1.0 0.0 X 0 0 0 MASSANDJE WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 REV EDMUND K SHERRILL II HEAD OF SCHOOL 50.0 0.0 X 205000 0 114468 NEIL J FANELLI JR DIRECTOR OF FINANCE 50.0 0.0 X 166810 0 41850 PETER E CORRADO DIRECTOR OF DEVELOPMENT 50.0 0.0 X 148310 0 32260 CHRISTOPHER A SEELEY ASSISTANT HEAD OF SCHOOL 50.0 0.0 X 145609 0 31977 CHARLES R NOLL DIRECTOR OF STUDENT LIFE 50.0 0.0 X 103155 0 37286 ARTHUR S SMITH FACULTY TEACHER 50.0 0.0 X 104723 0 14625 873607 0 272466 6 false true false Sodexo Inc and Affiliates PO Box 360170 PITTSBURGH PA 15251 Food/Janitor Svcs 1073167 BrightView Landscapes LLC 131 Ship Road EXTON PA 19341 Grounds Svcs 144745 2 2853401 33250 2853401 TUITION AND FEES 900099 1536701 1536701 1536701 3782379 -230437 4012816 0 0 163204 163204 0 163204 163204 16098670 489507 13096879 3001791 489507 3491298 3491298 306220 105189 201031 201031 0 0 0 0 0 0 0 12028014 1536701 -230437 7868349 0 0 0 0 267706 267706 0 4263518 3036613 842679 384226 510380 380460 81768 48152 676991 468968 148669 59354 333339 226504 78168 28667 0 38894 38894 73042 5150 67892 0 0 0 1194672 1154654 40018 162269 37860 124409 95159 45997 33645 15517 394704 157555 237149 0 602259 577267 24992 99845 61112 25581 13152 0 33827 14884 17633 1310 647 647 0 906817 860569 46248 133207 115475 14115 3617 CAMPUS MAINTENANCE 339747 323260 16487 ATHLETIC 160191 160191 INSTRUCTIONAL 151944 151944 STUDENT ACTIVITIES 125492 125492 169647 125741 39283 4623 10734297 8029696 2021574 683027 0 0 3353370 4569748 30331 30331 269153 297381 0 0 0 0 0 0 0 0 219885 128902 34335345 22822397 10804924 11512948 123141591 134535993 10854774 12067330 0 0 0 0 7332581 7597914 156006609 170740547 673977 683088 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6051217 5730918 6725194 6414006 X 118447723 131072168 1376642 1371489 29457050 31882884 149281415 164326541 156006609 170740547 X 1293717 12134366 1617043 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 133996365 18636732 6029774 146603323 141711675 -881535 6833775 133996365 144985308 2688928 5962561 141711675 128528438 23756043 7299173 144985308 118323581 17221864 7017007 128528438 0.83320 0.16680 true false 317134 317134 27545922 18005860 9540062 1639048 527417 1111631 4833241 4289120 544121 11512948 COMMON TRUST FUND 12067330 F 12067330 0 PENSION PROJECTED BEN. OBLIGATION 4833457 DEPOSITS & MISCELLANEOUS 897461 5730918 X 25884612 12134366 1617043 13751409 12133203 -105189 -105189 12028014 10839486 105189 105189 10734297 10734297 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'S EXEMPT STATUS. CFS FOLLOWS THE APPROPRIATE ACCOUNTING GUIDANCE WHICH PRESCRIBES A MODEL FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND PROVIDES GUIDANCE ON RECOGNITION, CLASSIFICATION, INTEREST, AND PENALTIES, DISCLOSURE AND TRANSITION. AT JUNE 30, 2017, THESE FINANCIAL STATEMENTS DO NOT INCLUDE ANY MATERIAL TAX POSITIONS. RECONCILIATION OF REVENUES SCHEDULE D, PART XI, LINE 2D DECREASE IN UNFUNDED PENSION STATUS $ 528,725 PROPERTY Insurance CLAIM SETTLEMENT $ 1,088,318 ------------- TOTAL $ 1,617,043 ============= SCHEDULE D, PART XI, LINE 4B RECLASS OF SPECIAL EVENTS EXPENSE $ (105,189) RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 2D RECLASS OF SPECIAL EVENTS EXPENSE $ 105,189 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, THE PHILADELPHIA INQUIRER, THE PHILADELPHIA DAILY NEWS, AND OTHER LOCAL NEWSPAPERS AND JOURNALS OF GENERAL CIRCULATION. 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 120495 120495 11963 13866 15312 GALA Event 185725 185725 6000 29030 4975 24043 0 306220 306220 17963 42896 4975 39355 105189 201031 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 64937 0 319468 0 0 0 NEIL J FANELLI JR DIRECTOR OF FINANCE 166810 0 0 0 0 0 28775 0 13075 0 208660 0 0 0 PETER E CORRADO DIRECTOR OF DEVELOPMENT 148310 0 0 0 0 0 25583 0 6677 0 180570 0 0 0 CHRISTOPHER A SEELEY ASSISTANT HEAD OF SCHOOL 145609 0 0 0 0 0 18784 0 13193 0 177586 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. X 4 33250 FMV false true false BUSINESS RELATIONSHIPS FORM 990, PART VI, LINE 2 JOHN PICKERING AND MEHUL TRIVEDI HAVE A BUSINESS RELATIONSHIP. John Pickering, 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 NOTED DOCUMENTS ARE PROVIDED UPON REQUEST. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 DECREASE IN UNFUNDED PENSION STATUS $ 528,725 PROPERTY Insurance CLAIM SETTLEMENT $ 1,088,318 ------------- TOTAL $ 1,617,043 ============== FORM 990 PART IX LINE 11G DESCRIPTION:KITCHEN/FOOD SERVICE TOTAL FEES:901255 FORM 990 PART IX LINE 11G DESCRIPTION:JANITORIAL SERVICE TOTAL FEES:169993 FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED JOBS TOTAL FEES:97024 FORM 990 PART IX LINE 11G DESCRIPTION:HUMAN RESOURCES SERVICES TOTAL FEES:26400