TOWER HILL SCHOOL: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- TOWER HILL SCHOOL (EIN 51-0065745)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-09-10
- IRS object ID
- 201812539349300301
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-09-10T06:04:29-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 131639826 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EISNERAMPER LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 130 NORTH 18TH STREET SUITE 3000 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 191032757 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510065745 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TOWER HILL SCHOOL ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TOWE | BusinessNameControlTxt |
| Phone | 3026578360 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2813 WEST 17TH STREET | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19806 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELIZABETH C SPEERS | PersonNm |
| Person Title | HEAD OF SCHOOL | PersonTitleTxt |
| Phone | 3026578360 | PhoneNum |
| Signature | 2018-09-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HELEN M MARTIN | PreparerPersonNm |
| PTIN | P01330899 | PTIN |
| Phone | 2158818800 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 64.238.150.100 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-09-08 | IPDt |
| IP Tm | 08:43:06 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 180E058A28B84A441E049DD07EECB515F775FE69 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 8E870F8AA4641D255910973FA7AA62547FCD0F0B | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2018-06-14 16:35:46Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ELIZABETH C SPEERS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2813 WEST 17TH STREET | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19806 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $26,882,079 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.TOWERHILL.ORG | WebsiteAddressTxt |
| Type Of Organization Assoc | Yes (X) | TypeOfOrganizationAssocInd |
| Formation | 1919 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | TOWER HILL SCHOOL IS A CO-EDUCATIONAL SCHOOL FOR STUDENTS 3 YEARS OLD THROUGH GRADE 12. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 249 | TotalEmployeeCnt |
| Total Volunteers | 207 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,488,226 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,229,172 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $17,614,394 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $19,410,821 | CYProgramServiceRevenueAmt |
| PY Investment Income | $569,807 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,024,315 | CYInvestmentIncomeAmt |
| PY Other Revenue | $323,490 | PYOtherRevenueAmt |
| CY Other Revenue | $138,227 | CYOtherRevenueAmt |
| PY Total Revenue | $19,995,917 | PYTotalRevenueAmt |
| CY Total Revenue | $21,802,535 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,559,585 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,944,273 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,166,232 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $12,403,969 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,408,191 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,424,556 | PYOtherExpensesAmt |
| CY Other Expenses | $6,840,344 | CYOtherExpensesAmt |
| PY Total Expenses | $22,150,373 | PYTotalExpensesAmt |
| CY Total Expenses | $23,188,586 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,154,456 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,386,051 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $68,318,096 | TotalAssetsBOYAmt |
| Total Assets EOY | $70,748,363 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,691,011 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,141,095 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $62,627,085 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $65,607,268 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TOWER HILL SCHOOL PREPARES STUDENTS FROM DIVERSE BACKGROUNDS FOR FULL AND CREATIVE ENGAGEMENT WITH A DYNAMIC WORLD. EACH STUDENT IS PROVIDED WITH AN EDUCATIONAL EXPERIENCE THAT EMPHASIZES THE DEVELOPMENT OF AN INQUISITIVE, DISCERNING AND CRITICAL MIND; THE VALUE OF BEING CREATIVE AND AESTHETICALLY SENSITIVE; THE APPRECIATION OF PHYSICAL WELL BEING; THE ABILITY TO COLLABORATE AND FUNCTION AS PART OF A TEAM; AND THE GROWTH OF CHARACTER. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $18,993,245 | ExpenseAmt |
| Grant | $3,944,273 | GrantAmt |
| Revenue | $19,051,377 | RevenueAmt |
| Desc | EDUCATIONAL PROGRAMS - TOWER HILL IS A CO-EDUCATIONAL INDEPENDENTSCHOOL WITH 733 STUDENTS FROM 3 YEARS OLD THROUGH GRADE 12. THE LOWERSCHOOL ACHIEVED ENROLLMENT OF 237 STUDENTS, THE MIDDLE SCHOOL WITH 213STUDENTS AND THE UPPER SCHOOL WITH 283 STUDENTS. TOWER HILL GRADUATED73 STUDENTS IN THE CLASS OF 2017. MEMBERS OF THIS CLASS NOW ATTEND VILLANOVA UNIVERSITY, DREXEL UNIVERSITY, DARTMOUTH COLLEGE, UNIVERSITY OF DELAWARE, BOSTON COLLEGE, BARD COLLEGE, UNIVERSITY OF ST ANDREWS, UNIVERSITY OF VERMONT, RHODES COLLEGE, WELLESLEY COLLEGE, DICKINSON COLLEGE, COLLEGE OF CHARLESTON, LEHIGH UNIVERSITY, FORDHAM UNIVERSITY, TUFTS UNIVERSITY, BRYN MAWR COLLEGE, DUKE UNIVERSITY, LAFAYETTE COLLEGE, COLLEGE OF WILLIAM AND MARY, AMHERST COLLEGE, PENNSYLVANIA STATE UNIVERSITY, FRANKLIN AND MARSHALL COLLEGE, UNIVERSITY OF NOTRE DAME, PRINCETON UNIVERSITY, GETTYSBURG COLLEGE, TEMPLE UNIVERSITY, LYNN UNIVERSITY, SYRACUSE UNIVERSITY, OXFORD COLLEGE, SAINT FRANCIS UNIVERSITY, SAINT JOSEPH'S UNIVERSITY, SOUTHERN METHODIST UNIVERSITY, UNIVERSITY OF MIAMI, COLUMBIA UNIVERSITY, ELON UNIVERSITY, SWARTHMORE COLLEGE, HAVERFORD COLLEGE, WILLIAMS COLLEGE, ROCHESTER INSTITUTE OF TECHNOLOGY, CARNEGIE MELLON UNIVERSITY, AMERICAN UNIVERSITY, UNIVERSITY OF VIRGINIA, NEW YORK UNIVERSITY, UNIVERSITY OF SOUTHERN CALIFORNIA, OCCIDENTAL COLLEGE, AND WASHINGTON AND LEE UNIVERSITY. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $187,177 | ExpenseAmt |
| Revenue | $335,034 | RevenueAmt |
| Desc | AFTER SCHOOL PROGRAM - THE KALEIDOSCOPE AFTER SCHOOL PROGRAM SERVES STUDENTS AGE 3 THROUGH GRADE 6 EVERY SCHOOL DAY FROM 2:45 TO 6:00 PM. THIS PROGRAM PROVIDES A CONTINUATION OF THE ATTENTION AND GUIDANCE THEY RECEIVE IN TOWER HILL'S CLASSROOMS, BUT IN A MORE HOME-LIKE SETTING. SUPERVISED HOMEWORK TIME, INSIDE PLAY, OUTDOOR SPORTS AND AGE-APPROPRIATE ACTIVITIES GIVE STUDENTS THE CHANCE TO FULFILL THEIR RESPONSIBILITIES AND GIVE THEIR IMAGINATIONS A WORKOUT TOO. ENRICHMENT OFFERING INCLUDE PROGRAMS SUCH AS CHINESE, DRAMA, CHESS, SEWING, GOLF, KARATE, DANCE, SOCCER AND TENNIS, AMONG OTHERS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $124,197 | ExpenseAmt |
| Revenue | $134,724 | RevenueAmt |
| Desc | SUMMER CAMP PROGRAM- TOWER HILL'S SUMMER CAMP PROVIDES EXCITING ACADEMIC AND ENRICHMENT ACTIVITIES, PLUS A FULL RANGE OF ATHLETIC CAMPS IN DIFFERENT AGE GROUPS. ITS DAY CAMP PROVIDES WEEKLY THEMES WITH SPECIAL GUESTS AND/OR FIELD TRIPS, SWIMMING, OR WATER PLAY. ENRICHMENT CAMPS BROADEN CHILDREN'S ARTISTIC AND ACADEMIC HORIZONS IN NEW WAYS. SPORTS CAMPS ARE RUN BY TOWER HILL COACHES AND OUTSIDE PARTNER ORGANIZATIONS FOR BUDDING ATHLETES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $19,304,619 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 39 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 249 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CJ | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BUSINESS OFFICE TOWER HILL SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3026578360 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1611 TOWER ROAD | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19806 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MS MICHELLE SHEPHERD | |||||||
| CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MS ELLEN J KULLMAN | |||||||
| VICE CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MR WILLIAM H DAIGER JR | |||||||
| TREASURER | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MS LINDA R BOYDEN | |||||||
| SECRETARY | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MR THEODORE H ASHFORD III | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MR BENJAMIN DU PONT | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MR CHARLES M ELSON | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MR W WHITFIELD GARDNER | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MR LAIRD HAYWARD | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DR ERIC JOHNSON | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MR HENRY MELLON | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MS ANN ROSE | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DR DAVID P ROSELLE | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DR EARL J BALL III | |||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MR MATTHEW T TWYMAN III | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MR JON ABRAMCZYK | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DR ANTHONY CUCUZZELLA | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MR REGIS DE RAMEL | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MS CARMEN WALLACE | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MS GINA WARD | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ELIZABETH SPEERS | |||||||
| HEAD OF SCHOOL | 40.00 | Yes (X) | $432,775 | $0 | $48,898 | ||
| JANET PLYLER | |||||||
| BUSINESS MANAGER (THRU 8/16) | 40.00 | Yes (X) | $161,874 | $0 | $21,044 | ||
| THOMAS HOCH | |||||||
| CHAIR OF SCIENCE DEPARTMENT | 40.00 | $101,319 | $0 | $16,835 | Yes (X) | ||
| PAUL CAPODANNO | |||||||
| HEAD OF MIDDLE SCHOOL | 40.00 | $103,032 | $0 | $7,846 | Yes (X) | ||
| SUSAN MILLER | |||||||
| HEAD OF LOWER SCHOOL | 40.00 | $108,554 | $0 | $17,429 | Yes (X) | ||
| DANIEL HICKEY | |||||||
| HEAD OF UPPER SCH/ASST HEAD OF SCH | 40.00 | $107,663 | $0 | $24,050 | Yes (X) | ||
| JOHN HOLLOWAY | |||||||
| ATHLETIC DIRECTOR | 40.00 | $109,868 | $0 | $8,207 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,125,085 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $144,309 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CULINART GROUP | |||||
| PO BOX 417632 | BOSTON | MA | 02241 | CATERING/DINING SERVICE | $703,330 |
| FIRST CHOICE CLEANING SERVICE | |||||
| 1722 NEWPORT GAP PIKE | WILMINGTON | DE | 19808 | CLEANING SERVICE | $312,816 |
| MODERN CONTROLS | |||||
| 7 BELLECOR DR | NEW CASTLE | DE | 19720 | EQUIPMENT SERVICE | $214,796 |
| NASH OMNISCAPING LLC | |||||
| P O BOX 40 | MONTCHANIN | DE | 19710 | LANDSCAPER | $195,014 |
| LEHANE'S BUS SERVICE INC | |||||
| 1705 NEW CASTLE AVENUE | NEW CASTLE | DE | 19720 | TRANSPORTATION SERVICE | $140,454 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $1,229,172 | AllOtherContributionsAmt |
| Noncash Contributions | $215,639 | NoncashContributionsAmt |
| Total Contributions | $1,229,172 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION | 611110 | $18,569,570 | $18,569,570 |
| AUXILIARY ENTERPRISES | 611110 | $371,493 | $371,493 |
| AFTER SCHOOL PROGRAM FEES | 611110 | $335,034 | $335,034 |
| SUMMER CAMP PROGRAM FEES | 611110 | $134,724 | $134,724 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $19,410,821 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $684,480 | TotalRevenueColumnAmt |
| Exclusion | $684,480 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $27,913 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $27,913 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $27,913 | TotalRevenueColumnAmt |
| Exclusion | $27,913 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,324,882 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,985,047 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $339,835 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $339,835 | TotalRevenueColumnAmt |
| Exclusion | $339,835 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $162,533 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $94,497 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $68,036 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $68,036 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 611110 | BusinessCd |
| Total Revenue Column | $42,278 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $42,278 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $42,278 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,802,535 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,521,135 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,052,228 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,944,273 | TotalAmt |
| Program Services | $3,944,273 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $683,286 | TotalAmt |
| Program Services | $200,969 | ProgramServicesAmt |
| Management And General | $325,565 | ManagementAndGeneralAmt |
| Fundraising | $156,752 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,065,704 | TotalAmt |
| Program Services | $8,073,242 | ProgramServicesAmt |
| Management And General | $451,379 | ManagementAndGeneralAmt |
| Fundraising | $541,083 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $621,381 | TotalAmt |
| Program Services | $534,827 | ProgramServicesAmt |
| Management And General | $43,261 | ManagementAndGeneralAmt |
| Fundraising | $43,293 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,344,140 | TotalAmt |
| Program Services | $1,100,067 | ProgramServicesAmt |
| Management And General | $155,468 | ManagementAndGeneralAmt |
| Fundraising | $88,605 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $689,458 | TotalAmt |
| Program Services | $574,829 | ProgramServicesAmt |
| Management And General | $61,235 | ManagementAndGeneralAmt |
| Fundraising | $53,394 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,150 | TotalAmt |
| Program Services | $20,150 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $314,765 | TotalAmt |
| Management And General | $314,765 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,665 | TotalAmt |
| Management And General | $118,665 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,188,664 | TotalAmt |
| Program Services | $1,082,994 | ProgramServicesAmt |
| Management And General | $7,824 | ManagementAndGeneralAmt |
| Fundraising | $97,846 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $223,103 | TotalAmt |
| Program Services | $165,776 | ProgramServicesAmt |
| Management And General | $13,288 | ManagementAndGeneralAmt |
| Fundraising | $44,039 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $311,226 | TotalAmt |
| Program Services | $281,271 | ProgramServicesAmt |
| Management And General | $15,004 | ManagementAndGeneralAmt |
| Fundraising | $14,951 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,515,566 | TotalAmt |
| Program Services | $834,110 | ProgramServicesAmt |
| Management And General | $604,526 | ManagementAndGeneralAmt |
| Fundraising | $76,930 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $375,294 | TotalAmt |
| Program Services | $302,650 | ProgramServicesAmt |
| Management And General | $54,575 | ManagementAndGeneralAmt |
| Fundraising | $18,069 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,004,881 | TotalAmt |
| Program Services | $1,671,547 | ProgramServicesAmt |
| Management And General | $178,069 | ManagementAndGeneralAmt |
| Fundraising | $155,265 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SUPPLIES AND MATERIALS | $484,767 | $415,243 | $42,089 | $27,435 |
| EVENTS | $208,390 | $53,926 | $80,866 | $73,598 |
| FEES AND MISCELLANEOUS | $74,873 | $48,745 | $9,197 | $16,931 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,188,586 | TotalAmt |
| Program Services | $19,304,619 | ProgramServicesAmt |
| Management And General | $2,475,776 | ManagementAndGeneralAmt |
| Fundraising | $1,408,191 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,124,262 | BOYAmt |
| EOY | $1,016,343 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,992,982 | BOYAmt |
| EOY | $1,493,043 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,756 | BOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,788 | BOYAmt |
| EOY | $6,974 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,634 | BOYAmt |
| EOY | $111,438 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $60,526,745 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $30,025,106 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,639,711 | BOYAmt |
| EOY | $30,501,639 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,010,282 | BOYAmt |
| EOY | $26,762,919 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,451,681 | BOYAmt |
| EOY | $10,856,007 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,318,096 | BOYAmt |
| EOY | $70,748,363 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,306,734 | BOYAmt |
| EOY | $5,082,285 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $384,277 | BOYAmt |
| EOY | $58,810 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,691,011 | BOYAmt |
| EOY | $5,141,095 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,931,855 | BOYAmt |
| EOY | $40,015,929 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $516,887 | BOYAmt |
| EOY | $2,621,131 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,178,343 | BOYAmt |
| EOY | $22,970,208 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,627,085 | BOYAmt |
| EOY | $65,607,268 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,318,096 | BOYAmt |
| EOY | $70,748,363 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,386,051 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $4,366,234 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $29,317,648 | BeginningYearBalanceAmt |
| Contributions | $130,735 | ContributionsAmt |
| Investment Earnings Or Losses | $4,223,508 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $870,615 | GrantsOrScholarshipsAmt |
| Other Expenditures | $499,385 | OtherExpendituresAmt |
| End Year Balance | $32,752,786 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $31,430,215 | BeginningYearBalanceAmt |
| Contributions | $88,190 | ContributionsAmt |
| Investment Earnings Or Losses | -$900,757 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $798,536 | GrantsOrScholarshipsAmt |
| Other Expenditures | $501,464 | OtherExpendituresAmt |
| End Year Balance | $29,317,648 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $31,584,043 | BeginningYearBalanceAmt |
| Contributions | $60,956 | ContributionsAmt |
| Investment Earnings Or Losses | $1,030,216 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $765,574 | GrantsOrScholarshipsAmt |
| Other Expenditures | $479,426 | OtherExpendituresAmt |
| End Year Balance | $31,430,215 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $28,469,653 | BeginningYearBalanceAmt |
| Contributions | $139,939 | ContributionsAmt |
| Investment Earnings Or Losses | $4,149,451 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $720,218 | GrantsOrScholarshipsAmt |
| Other Expenditures | $454,782 | OtherExpendituresAmt |
| End Year Balance | $31,584,043 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $26,488,424 | BeginningYearBalanceAmt |
| Contributions | $92,538 | ContributionsAmt |
| Investment Earnings Or Losses | $3,063,691 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $718,746 | GrantsOrScholarshipsAmt |
| Other Expenditures | $456,254 | OtherExpendituresAmt |
| End Year Balance | $28,469,653 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.31150 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.62010 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.06840 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,247,658 | OtherCostOrOtherBasisAmt |
| Book Value | $3,247,658 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $54,196,185 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,083,047 | DepreciationAmt |
| Book Value | $27,113,138 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,082,902 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,942,059 | DepreciationAmt |
| Book Value | $140,843 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $30,501,639 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | HEDGE FUNDS AND PRIVATE EQUITY INVESTMENTS | Desc |
| Book Value | $10,856,007 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $10,856,007 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EMPLOYEE PAYROLL WITHHOLDINGS | Desc |
| Amt | $58,810 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $58,810 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $22,455,877 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $4,366,234 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $377,088 | OtherRevenueAmt |
| Revenue Not Reported | $4,743,322 | RevenueNotReportedAmt |
| Revenue Subtotal | $17,712,555 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $118,665 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $3,971,315 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $4,089,980 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $21,802,535 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $19,614,525 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $397,254 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $397,254 | ExpensesNotReportedAmt |
| Expenses Subtotal | $19,217,271 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,971,315 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,971,315 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $23,188,586 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WAS NO INCOME TAX RELATED INTEREST OR PENALTIES RECORDED FOR THE YEAR ENDED JUNE 30, 2017. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | INVENTORY COGS 94,497. MODIFIED CASH BASIS ADJUSTMENT 282,591. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL ASSISTANCE, REMISSION AND MERIT-BASED AWARDS 3,944,273. IN-KIND CONTRIBUTED ITEMS NOT RECOGNIZED FOR GAAP PURPOSES 27,042. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | INVENTORY COGS 94,497. MODIFIED CASH BASIS ADJUSTMENT 302,757. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL ASSISTANCE, REMISSION AND MERIT-BASED AWARDS 3,944,273. IN-KIND ITEM EXPENSED FOR TAX NOT RECOGNIZED FOR GAAP PURPOSES 27,042. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL'S DIVERSITY POLICIES ARE CONTAINED IN VARIOUS MEDIA NOTICES WHICH INCLUDE, BUT ARE NOT LIMITED TO, THE TOWER HILL GUIDE BOOK AND APPLICATION FORM PROVIDED TO PROSPECTIVE FAMILIES, THE TOWER HILL WEBSITE AND THROUGH OUR MEMBERSHIP WITH ADVIS. OUR NONDISCRIMINATION POLICY ALSO ACCOMPANIES ALL JOB VACANCY ADVERTISEMENTS. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CARIBBEAN | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $7,804,525 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $7,804,525 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $7,804,525 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL ASSISTANCE, TUITION REMISSION AND MERIT-BASED AWARDS | GrantTypeTxt |
| Recipient | 296 | RecipientCnt |
| Cash Grant | $3,944,273 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL AWARDS SCHOLARSHIPS TO STUDENTS BASED MERIT OR DEMONSTRATED FINANCIAL NEED. PARTIAL TUITION REMISSION IS ALSO GRANTED TO CHILDREN OF FACULTY AND STAFF. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ELIZABETH SPEERS | ||||||||||||||
| HEAD OF SCHOOL | $395,311 | $0 | $0 | $0 | $37,464 | $0 | $30,294 | $0 | $18,604 | $0 | $481,673 | $0 | $0 | $0 |
| JANET PLYLER | ||||||||||||||
| BUSINESS MANAGER (THRU 8/16) | $132,914 | $0 | $0 | $0 | $28,960 | $0 | $11,331 | $0 | $9,713 | $0 | $182,918 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINES 4A-B | FormAndLineReferenceDesc |
| Explanation | UPON TERMINATION, JANET PLYLER RECEIVED A SEVERANCE PACKAGE. ALL PAYMENTS WERE COMPLETE BY THE END OF THE FISCAL YEAR ENDING 6/30/17. THIS SEVERANCE IS INCLUDED IN COMPENSATION ON LINE 7 ON THE STATEMENT OF FUNCTIONAL EXPENSES ON PAGE 10. THE AMOUNT PAID DURING CALENDAR YEAR 2016 HAS BEEN SHOWN IN COLUMN (B) (III) ON PART II OF SCH J AS OTHER REPORTABLE COMPENSATION. THE SCHOOL ESTABLISHED A NON-QUALIFIED RETIREMENT PLAN UNDER INTERNAL REVENUE CODE SECTION 457(B) AS A BENEFIT FOR ITS HEAD OF SCHOOL. THE SCHOOL CONTRIBUTED $18,000 TO THIS PLAN DURING THE FISCAL YEAR. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 21 | ContributionCnt |
| Noncash Contributions Rpt F990 | $188,597 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | HI/LOW DATE OF GIFT | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | MISC IN-KIND GIFTS | 78 | $14,081 | LIST PRICES/COMPARAB |
| Yes (X) | VARIOUS AUCTION ITEMS | 31 | $12,961 | LIST PRICES/COMPARAB |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990. PART I. LINE 19. [NET LOSS] | THE SCHOOL'S AUDITED FINANCIAL STATEMENTS REFLECT A NET GAIN OF $2.8 MILLION. THIS GAIN INCLUDES $4.3 MILLION IN UNREALIZED GAINS ON INVESTMENTS, WHICH ARE REQUIRED TO BE EXCLUDED FROM REVENUE ON THE 990. THIS REQUIRED ADJUSTMENT TO REVENUE FOR 990 PURPOSES LEADS TO AN APPARENT LOSS ON THE 990 OF $1.3 MILLION. THIS LOSS REFLECTS A DIFFERENCE IN RECORDING OF REVENUE FOR 990 PURPOSES, NOT A TRUE LOSS FOR THE FISCAL PERIOD COVERED BY THE TAX RETURN. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS REVIEWED AND APPROVED BY THE HEAD OF SCHOOL AND THE AUDIT COMMITTEE. PRIOR TO FILING, THE FINAL DRAFT OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR THEIR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | TRUSTEES ARE REQUIRED ANNUALLY TO SIGN CONFLICT OF INTEREST STATEMENTS AND DISCLOSE ANY KNOWN OR POTENTIAL CONFLICTS OF INTEREST IN THESE STATEMENTS AND AS THEY ARISE THROUGHOUT THE YEAR. |
| FORM 990, PART VI, SECTION B, LINE 15 | EACH YEAR, THE COMPENSATION COMMITTEE OF THE BOARD CONDUCTS A BENCHMARK ANALYSIS TO EVALUATE ALL COMPONENTS OF THE HEAD OF SCHOOL'S COMPENSATION PACKAGE, INCLUDING BASE SALARY, SCHOOL-WIDE BENEFITS, DEFERRED COMPENSATION, OTHER COMPENSATION, HOUSING, EXCESS REMISSION, AND VEHICLE USAGE. THE BENCHMARK GROUP INCLUDES TOWER HILL SCHOOL AND 38 OTHER SIMILARLY-SITUATED SCHOOLS IN THE US. THE COMPENSATION COMMITTEE DOCUMENTS THE MEETING, INCLUDING A FULL LIST OF THOSE PRESENT AND THEIR INDEPENDENCE, AND THE PROCESS USED TO CONDUCT THEIR REVIEW. THE COMMITTEE THEN PRESENTS THEIR RECOMMENDATION TO THE FULL BOARD FOR REVIEW. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FORM 990 ARE HELD WITH THE SCHOOL AND MAY BE MADE AVAILABLE UPON REQUEST. |
| FORM 990. PART IX. COLUMN D. [INCREASED FUNDRAISING EXPENSE] | THE SCHOOL NOW PREPARES ITS FINANCIAL STATEMENTS ON A GAAP BASIS, WHICH REQUIRES THE ALLOCATION OF OVERHEAD EXPENSES, SUCH AS UTILITIES, TECHNOLOGY AND SUPPORT STAFF, TO THE FUNDRAISING DEPARTMENT. THIS ALLOCATION RESULTS IN A LARGE INCREASE IN THE REPORTED TOTAL FOR FUNDRAISING EXPENSES THIS YEAR. FUNDRAISING ACTIVITIES, INCLUDING OUTREACH TO ALUMNI, HAVE INCREASED IN PREPARATION FOR THE SCHOOL'S UPCOMING CENTENNIAL. |
| FORM 990, PART XII, LINE 1 | THE SCHOOL'S POLICY IS TO USE A MODIFIED CASH BASIS OF ACCOUNTING. THE FOLLOWING AREAS HAVE BEEN ACCOUNTED FOR ON A STRICT CASH BASIS: - OPERATING EXPENDITURES - CAPITAL EXPENSES - CONTRIBUTIONS REVENUE - TUITION REVENUE - ALL OTHER MISCELLANEOUS REVENUE AND EXPENSES THE FOLLOWING AREAS HAVE BEEN ACCOUNTED FOR ON AN ACCRUAL BASIS: - TUITION PREPAYMENTS - EMPLOYEE LOANS - ANY BANK DEBTS - MISCELLANEOUS RESERVES AND STUDENT FUNDS |
| FORM 990, PART XII, LINE 2C | THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. |
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