2018-03-19T09:46:26-05:00 2017-06-30 390859910 Baker Tilly Virchow Krause LLP 1650 Market Street Suite 4500 Philadelphia PA 191037341 990 2016-07-01 231728281 THE WOODLYNDE SCHOOL CORPORATION WOOD 6106879660 445 UPPER GULPH ROAD STRAFFORD PA 19087 DR CHRISTOPHER FULCO HEAD OF SCHOOL 6106879660 2018-03-14 1 Julius Green CPA P00350393 2159720701 X 174.59.42.130 2018-03-14 16:14:40 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 41D52B76DFE0CA0C5E5ED141E25DBC48D8427C36 2016 2021-01-29 14:40:06Z DR CHRISTOPHER FULCO 445 UPPER GULPH ROAD STRAFFORD PA 19087 13588721 0 X www.woodlynde.org X 1976 PA Co-educational, college preparatory, independent school serving Kindergarten - 12th grade. 20 20 131 75 0 0 1705906 3084703 9326071 9452497 235171 311832 137157 134496 11404305 12983528 1512107 1710955 0 0 6681232 6846027 0 6976 580906 1977086 2063580 10170425 10627538 1233880 2355990 9888214 12797296 1570789 2053840 8317425 10743456 Woodlynde serves students with diverse learning styles and empowers them to become strategic learners and self-advocates in an environment that provides both challenge and support. 0 0 8316413 1710955 9452497 The Woodlynde Experience is a multi-sensory program with research based instruction that gives students the tools and strategies they need to become self-sufficient and confident lifelong learners. The Woodlynde program meets individual student needs through small class size, diagnostic teaching and alternative assessment, cutting edge technology, and a caring and experienced faculty. Woodlynde offers complete drama, arts, and music programs along with an inclusive and competitive athletics program. Opportunities for community service and volunteerism are available for all students. 274 STUDENTS WERE SERVED DURING THE YEAR. 8316413 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 1 131 1 0 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X IRENE VAN ZIJL BUSINESS MGR 6102936558 445 UPPER GULPH ROAD STRAFFORD PA 19087 JEAN EARHART bOARD MEMBER 1.00 X 0 0 0 David Virgil Board Member 1.00 X 0 0 0 John Mullany Board Member 1.00 X 0 0 0 SARAH HOUSTON Board Member 1.00 X 0 0 0 Peter K Classen Board Member 1.00 X 0 0 0 John C Williams Jr Board Member 1.00 X 0 0 0 DE-DEBENEDICTIS-SPINO BOARD MEMBER 1.00 X 0 0 0 Lindsey O'Connor BOARD MEMBER 1.00 X 0 0 0 Renee Riley BOARD MEMBER 1.00 X 0 0 0 TRACY RELLER BOARD MEMBER 1.00 X 0 0 0 ANDREW RENNINGER BOARD MEMBER 1.00 X 0 0 0 MARY LOU STERGE BOARD MEMBER 1.00 X 0 0 0 JANE MCNEIL BOARD MEMBER 1.00 X 0 0 0 JOHN SCHMADER BOARD MEMBER 1.00 X 0 0 0 WHITNEY KELLETT BOARD MEMBER 1.00 X 0 0 0 MARC N BALCER BOARD MEMBER 1.00 X 0 0 0 DR PATRICK JOSEPH BRENNAN BOARD MEMBER 1.00 X 0 0 0 ANDREW GERARDI BOARD MEMBER 1.00 X 0 0 0 MARYANN O'CONNOR president 12.00 X X 0 0 0 DAVID HARTZELL VICE PRESIDENT 1.00 X X 0 0 0 DR CHRISTOPHER FULCO HEAD of school 40.00 X 251790 0 35349 DORINDA SHANK ASSISTANT HEAD OF SCHOOL 40.00 X 102540 0 13976 IRENE VAN ZIJL BUSINESS MANAGER 40.00 X 112920 0 14505 DAVID SHANK DEAN OF STUDENTS 40.00 X 101797 0 13349 Penny Moldofsky DiR, LITERARY INSTITUTE 40.00 X 113756 0 14373 LISA KETCHAM DIRECTOR OF ADVANCEMENT 40.00 X 131459 0 18302 814262 0 109854 7 0 1 0 GIBIAN LLC 228 N Jackson Street media PA 19063 General Contractor 128203 1 32155 33884 3018664 487092 3084703 Tuition 611710 9452497 9452497 9452497 121171 121171 21100 13293 7807 7807 7807 760588 569927 190661 190661 190661 10880 32155 21973 -11093 -11093 FOOD SERVICE INCOME 611600 120676 120676 AUXILIARY PROGRAM FEES 611600 17106 17106 137782 12983528 9452497 0 446328 1710955 1710955 284560 284560 5197309 4269495 589977 337837 195430 158569 23312 13549 747620 633378 71888 42354 421108 311554 85063 24491 5307 5307 33432 33432 6976 6976 20702 20702 157379 157379 68386 28352 40034 483436 158306 223192 101938 133087 133087 206061 191209 10592 4260 52617 49055 2540 1022 2568 2394 124 50 432274 403004 20875 8395 Department Expenses 278900 278900 Cafeteria 107143 107143 Professional Devel. 42451 42451 Faculty Development 27745 27745 12092 12092 10627538 8316413 1730219 580906 1176 21442 339528 1753966 428837 1471960 37886 55016 163522 164448 12239661 7581516 4177836 4658145 4739429 4672319 9888214 12797296 679662 861925 891127 791915 400000 1570789 2053840 X 7239792 7504612 1039273 3199984 38360 38860 8317425 10743456 9888214 12797296 2355990 70041 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1392431 500 106111 67844 1431198 1365522 500 91080 64671 1392431 1340415 600 84584 60077 1365522 1196478 450 198632 55145 1340415 1081625 700 156607 42454 1196478 0.96470 0.02720 0.00810 0 0 205462 205462 7133316 4905329 2227987 3870831 2676187 1194644 1030052 1030052 4658145 X 11356777 70041 -1731657 -1661616 13018393 -34865 -34865 12983528 8931147 35266 35266 8895881 1731657 1731657 10627538 Part V, Line 4: THE ENDOWMENT IS USED TO AUGMENT CAPITAL IMPROVEMENT FUNDS AND TO PROVIDE ADDITIONAL FUNDS FOR STUDENT SCHOLARSHIPS. Part X, Line 2: The school accounts for uncertainties in income taxes in accordance with authoritative guidance, which prescribes recognition when it is more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. The School's federal Return of Organization Exempt from Income Tax (Form 990) for the years ended June 30, 2016, 2015, and 2014 are subject to examination by the internal revenue service generally for three years after the date the return was filed. Part XI, Line 2d - Other Adjustments: FINANCIAL AID -1,710,955. Investment Fees -20,702. Part XI, Line 4b - Other Adjustments: PARENTS' ASSOCIATION REVENUE 401. FUNDRAISING EXPENSES -21,973. RENTAL EXPENSES -13,293. Part XII, Line 2d - Other Adjustments: RENTAL EXPENSES 13,293. FUNDRAISING EXPENSES 21,973. Part XII, Line 4b - Other Adjustments: FINANCIAL AID 1,710,955. Investment Fees 20,702. 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 PUBLICLY STATES IN THE LOCAL NEWSPAPER ITS RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS. Schedule E, Part I, Line 6 WOODLYNDE school received a grant from the state of Pennsylvania for the purchase of text books and other education supplies. The state directly purchases these items based on an application sent in by Woodlynde school. 40TH CELEBRATION 43035 32155 10880 11423 5000 5550 43035 32155 10880 11423 5000 5550 21973 -11093 1 FINANCIAL AID 95 1710955 Part I, Line 2: The financial aid budget is set annually by the School and approved by the Board of Directors. The School's Financial Aid Committee is responsible for the allocation of all funds to recipients who demonstrate need. Parents who apply for aid are required to submit their Federal and State tax returns as well as a financial statement. These materials are reviewed by the Financial Aid Committee, and a decision for the amount of aid is reached. All decisions are for a one year commitment only. If aid is required in subsequent years the process is repeated. The Finance Committee of the Board of Directors reviews the financial aid expenditures ensuring that the totals remain within the budgeted amounts. X X 0 0 0 0 0 0 0 0 0 DR CHRISTOPHER FULCO HEAD of school 251790 0 0 0 0 0 12500 0 22849 0 287139 0 0 0 X 33884 PURCHASE PRICE X 6 231393 NYSE value X 1 214520 COMPARABLE SALES X VACATION VOUCHERS 2 6000 COST X ROUND OF GOLF AT PRIVATE CLUB 1 600 COST X SPORT, MUSEUM AND MOVIE TICKETS 2 575 COST X SUNDRY ITEMS FOR RAFFLE 1 120 COST 0 0 1 0 Part I, Column (b): THE NUMBERS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. Form 990, Part VI, Section B, line 11b THE FORM 990 IS initially REVIEWED BY THE business manager. once the internal review is complete, the form 990 is provided to the AUDIT COMMITTEE OF THE BOARD for their review. IT IS THEN DISTRIBUTED TO THE ENTIRE BOARD OF TRUSTEES FOR COMMENT BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Section B, line 12c As an independent school with limited resources, the organization is very careful when entering into any agreement that may result in a conflict of interest. The school's management requires multiple bids on all contracts, requiring that at least one bidder be completely independent of the school. On the very rare occurrence that the successful bidder is a stakeholder in the school, the school is very careful to communicate up front that no special treatment will be afforded to any student-related contractor. Additionally, all Board Trustees sign an annual conflict of interest disclosure. THE ANNUAL DISCLOSURE SPECIFICALLY MENTIONS FAMILY AND BUSINESS RELATIONSHIPS AND IS MONITORED BY THE CHAIRMAN OF THE BOARD AND/OR CHAIRS OF SUB-COMMITTEES. SHOULD A CONFLICT, POTENTIAL OR ACTUAL, BECOME APPARENT, THE CONFLICT IS REPORTED TO THE CHAIRMAN OF THE BOARD OR CHAIRMAN OF A SUB-COMMITTEE CLOSEST TO THE CONFLICT. THE CHAIR OF THE BOARD (OR CHAIRMAN OF THE AFFECTED SUB-COMMITTEE) WILL BRING THE ISSUE TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE WILL MAKE A FORMAL ASSESSMENT OF THE POTENTIAL CONFLICT AND WILL ENSURE ANY INTERESTED PARTY DOES NOT PARTICIPATE IN ANY DISCUSSIONS OR DECISIONS INVOLVING THE CONFLICT. ALL DISCUSSIONS AND ACTIONS are REPORTED IN THE BOARD MINUTES. Form 990, Part VI, Section B, line 15 Compensation for the Head of School is set by the Executive Committee of the Board, with the approval of the full Board of Trustees. Compensation is set based on performance. The compensation packages of Heads at comparable schools are also considered TO ENSURE COMPENSATION IS SET WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. ALL BOARD-LEVEL COMPENSATION DISCUSSIONS ARE RECORDED IN BOARD MINUTES. Compensation for all other school employees, including top management officials, is determined by the Head of School. Compensation is based on performance. The school's goal, supported by the Board, is that all faculty and staff be paid at market rates. Form 990, Part VI, Section C, line 19 THE ORGANIZATION makes FINANCIAL STATEMENTS, conflict of interest policy AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC upon request.