2018-04-10T12:18:48-05:00 2017-06-30 560574444 CHERRY BEKAERT LLP 1111 Metropolitan Ave Ste 1000 Charlotte NC 28204 990 2016-07-01 540528203 The Collegiate School COLL 8047407077 103 North Mooreland Road Richmond VA 23229 PHYLLIS PALMIERO VP OF FINANCE AND ADMINISTRATION 8047419799 2018-03-31 1 Amanda Adams P00748038 7043771678 68.142.180.174 2018-03-31 20:45:23 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8E0118A2D78CC4B3215E9E542689DC78818A7208 2016 2021-01-29 14:40:06Z PHYLLIS PALMIERO 103 North Mooreland Road Richmond VA 23229 57391371 0 X www.collegiate-va.org X 1915 VA SEE SCHEDULE O TO CREATE A COMMUNITY OF LEARNERS COMMITTED TO A CHALLENGING AND SUPPORTIVE EDUCATIONAL EXPERIENCE THAT WILL FOSTER THE INTELLECTUAL, MORAL, EMOTIONAL, AND PHYSICAL DEVELOPMENT OF EACH STUDENT. 29 28 734 900 -74829 -92356 6267899 6795368 41702634 42579630 803228 628149 15299 889538 48789060 50892685 3459699 3656802 0 0 26796647 28639760 0 0 1299263 19433377 18942042 49689723 51238604 -900663 -345919 154918511 158474889 47511216 45485609 107407295 112989280 X TO CREATE A DIVERSE AND INCLUSIVE COMMUNITY OF LEARNERS COMMITTED TO A CHALLENGING AND SUPPORTIVE EDUCATIONAL EXPERIENCE THAT WILL FOSTER THE INTELLECTUAL, MORAL, EMOTIONAL, AND PHYSICAL DEVELOPMENT OF EACH STUDENT. 0 0 40386986 3617958 39703813 INSTRUCTIONAL - COLLEGIATE SCHOOL PROVIDED junior KINDERGARTEN THROUGH TWELFTH GRADE EDUCATION TO APPROXIMATELY 1,650 STUDENTS. THE FOLLOWING STATISTICS FOR THE GRADUATING CLASS of 2017 HIGHLIGHT THE QUALITY OF THE ACADEMIC AND ATHLETIC PROGRAMS THAT COLLEGIATE OFFERS. The class continued the school's tradition of strong academic acceptance rates, contributing to the 10-year average of two out of every three applications resulting in acceptances. These included a host of "most selective" colleges and universities such as Brown, Yale, Columbia, Harvard, Georgetown, and Princeton. The class of 2017 had 14 recruited athletes, 8 went on to compete at Division I schools, and 6 went on to compete at Division III schools. Collegiate School also hosted over 40 students from around the world during its 6th annual international emerging leaders conference in October, 2016. The conference is believed to be the only collaborative global youth conference of its kind among public and private schools nationwide. 2676286 38843 951198 Auxiliaries - The School operates, for the benefit and convenience of parents, students, and alumni, several auxiliary services including food service (cafeterias), a campus bookstore, after school care, and private music instruction, among others. 1227687 876489 Public Service - The School offers a Summer Economics Institute, summer camps, and several youth sports and adult sports programs to the greater Richmond community. 207104 1075788 207104 1075788 44498063 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 137 0 1 734 1 0 0 0 0 0 1 1 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X PHYLLIS PALMIERO VP OF FINANCE AND ADMINISTRATION 8047419754 103 NORTH MOORELAND ROAD RICHMOND VA 23229 John D O'Neill Jr Chairman of the Board 2.00 X X 0 0 0 Frank F Mountcastle III Vice Chairman of the Board 2.00 X X 0 0 0 John L Walker III Trustee 2.00 X X 0 0 0 Stephen Hickman President/Head of School 40.00 X X 440050 0 154768 Stella C Alexander Trustee 2.00 X 0 0 0 Richard L Bennett Jr Trustee 2.00 X 0 0 0 Michael G Bland Trustee 2.00 X 0 0 0 Mark A Christian Trustee 2.00 X 0 0 0 David A Gallagher Trustee 2.00 X 0 0 0 Eucharia N Jackson Trustee 2.00 X 0 0 0 Peter E Mahoney Sr Trustee 2.00 X 0 0 0 John W Martin Trustee 2.00 X 0 0 0 Sarah C Martin Trustee 2.00 X 0 0 0 Malcolm S McDonald Trustee 2.00 X 0 0 0 Gaye C Montgomery Trustee 2.00 X 0 0 0 Joan Olmstead Oates Life Trustee 2.00 X 0 0 0 Judy Wagoner Pahren Trustee 2.00 X 0 0 0 Tracey A Ragsdale Trustee 2.00 X 0 0 0 Carter M Reid Trustee 2.00 X 0 0 0 CB Robertson III Life Trustee 2.00 X 0 0 0 Sheryl A Robins Trustee 2.00 X 0 0 0 Lisa E Roday Trustee 2.00 X 0 0 0 Danielle D Scott Trustee 2.00 X 0 0 0 L Mark Stepanian Trustee 2.00 X 0 0 0 Wallace Stettinius Life Trustee 2.00 X 0 0 0 Brude D Stoever Trustee 2.00 X 0 0 0 Alfred I Stratford III Trustee 2.00 X 0 0 0 Robert S Ukrop Life Trustee 2.00 X 0 0 0 Michelle P Wiltshire Trustee 2.00 X 0 0 0 Phyllis Palmiero VP-Finance, Treasurer 40.00 X 237025 0 53014 Susan C Wiley Secretary 40.00 X 73342 0 17708 Charles L Blair JR Head of Middle School 40.00 X 146228 0 36815 Susan R Droke Academic Dean 40.00 X 135625 0 27275 James P Watson Assistant Head of School 40.00 X 129901 0 54615 Karen S Doxey Director-Athletics 40.00 X 125328 0 26564 Deborah L Miller Head of Lower School 40.00 X 121708 0 22694 1409207 0 393453 7 0 1 0 ALADDIN FOOD MANAGEMENT INC 21 ARMORY DR WHEELING WV 26003 FOOD SERVICE 1305274 TYMOFF & MOSS ARCHITECTS PC 512 BOTETOURT ST NORFOLK VA 23510 DESIGN SERVICES 614656 ASTROTURF LLC 2680 ABUTMENT ROAD DALTON GA 30721 SYnTHETIC TURF FIELD INSTALLATION & MAIN 470468 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 167672 DAIKIN APPLIED 13600 MINNEAPOLIS PARK BLVD MINNEAPOLIS MN 55441 MECHANICAL SERVICES 141247 6 293867 17984 6483517 3124892 6795368 TUITION & FEES 900099 38351950 38351950 FOOD SERVICE 900099 1351863 1351863 SUMMER PROGRAMS 900099 876489 876489 CHILD CARE 900099 661965 661965 PRIVATE MUSIC LESSONS 900099 289233 289233 1048130 1031731 16399 42579630 648540 -114500 763040 91964 50144 41820 41820 41820 5630579 5447841 203129 182738 -203129 -20391 23272 -43663 370312 293867 423575 -53263 -53263 16075 7593 8482 8482 322262 366404 -44142 -44142 Change in benefit plan obligation 900099 892107 892107 OTHER REVENUE 900099 44534 44534 936641 50892685 42563231 -74829 1608915 3656802 3656802 954526 954526 19447851 17415697 1422965 609189 1516049 1344075 119916 52058 5259031 4473794 562307 222930 1462303 1270283 147851 44169 115297 115297 40692 40692 612407 612407 1790311 1465337 293896 31078 2355714 1814880 297503 243331 1059803 834262 223041 2500 4425 4425 4380050 4244165 112778 23107 258333 206112 32883 19338 161376 131493 22319 7564 1347357 1304478 39112 3767 5812835 5636282 146531 30022 191535 9385 182150 FIELD TRIP EXPENSE 459214 459214 DUES & SUBSCRIPTIONS 125007 92733 27784 4490 Promotional expenses 117533 23661 90976 2896 Real estate taxes 13432 13432 96721 110985 -17088 2824 51238604 44498063 5441278 1299263 4074361 3448972 7063203 8769284 15885815 13737839 258621 273697 240209 77188 97789 82453 641851 722585 127886396 61803966 65447680 66082430 16269204 16899552 42773710 46381073 2166068 1999816 154918511 158474889 4201508 3835507 2775636 3047159 35047792 33748546 950000 1297748 4536280 3556649 47511216 45485609 X 68590652 68003537 17265526 21234374 21551117 23751369 107407295 112989280 154918511 158474889 X -345919 5938560 -10656 X 0 1 X 1 0 X 11412880 8640666 3489016 6267899 6795368 36605829 11412880 8640666 3489016 6267899 6795368 36605829 14360742 22245087 1012284 1072154 866022 942769 740503 4633732 24187 24187 29968 62348 74325 72164 238805 41502553 0.53600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53666537 4027096 5992027 10173 4110751 59564736 58933927 1807537 -3040206 772 4033949 53666537 58455537 1793534 2574550 401571 3488123 58933927 50569343 2815028 8846845 369020 3406659 58455537 45533300 2987827 5499922 314873 3136833 50569343 0.31960 0.39270 0.28770 0 0 877900 3697128 4575028 78388826 32948444 45440382 12283865 10089498 2194367 32638677 18766024 13872653 66082430 FUND OF FUNDS 46381073 F 46381073 ACCRUED POST RETIREMENT MEDICAL 3072700 annUITIES PAYABLE 186473 ACCRUED INTEREST PAYABLE 271253 FAS 143 LIABILITY 26223 3556649 X 51808272 5938560 -3667458 2271102 49537170 612407 743108 1355515 50892685 46226287 -892107 -892107 47118394 612407 3507803 4120210 51238604 Part V, Line 4: THE COLLEGIATE SCHOOL'S ENDOWMENT (THE ENDOWMENT) CONSISTS OF 160 INDIVIDUAL ENDOWMENTS, OF WHICH 66% ARE TRUE ENDOWMENTS and 34% ARE RESTRICTED AND BOARD-DESIGNATED QUASI-ENDOWMENTS. OF THE TRUE ENDOWMENTS, 59% REPRESENTS FUNDS RESTRICTED FOR FACULTY AND PROGRAM DEVELOPMENT, 33% REPRESENTS FUNDS RESTRICTED FOR FINANCIAL AID, AND 8% ARE RESTRICTED FOR ECONOMIC EDUCATION. IT IS THE SCHOOL'S INTENTION THAT THESE FUNDS ARE TO BE USED TO SUPPORT THESE SPECIFIC PURPOSES IN PERPETUITY AND SPENDING IS LIMITED TO THE ANNUAL BOARD-APPROVED SPEND RATE OF 4%. IN ADDITION, THE SCHOOL'S ENDOWMENT CONTAINS AN UNRESTRICTED QUASI-ENDOWMENT FUND THAT ACCOUNTS FOR 32% OF THE TOTAL ENDOWMENT MARKET VALUE AT JUNE 30, 2017. THE QUASI-ENDOWMENT IS AVAILABLE TO BE USED AT THE DISCRETION OF THE BOARD, INCLUDING, AND WITHOUT LIMITATION, TO PAY CAPITAL IMPROVEMENT PROJECT COSTS AND DEBT SERVICE (BOTH CURRENT AND FUTURE) PAYMENTS. Part X, Line 2: The School is exempt from federal income tax and applicable state statutes under the provisions of Section 510(c)(3) of the Internal Revenue Code ("IRC"). In accordance with IRC regulations, the School is taxed on unrelated business income, which consists of earnings from activities not related to the exempt purpose of the School. The School accounts for tax uncertainties based on a more likely than not recognition threshold whereby tax benefits are only recognized when the School believes that they have a greater than 50% likelihood of being sustained upon examination by taxing authorities. Management has evaluated all its tax positions and determined that the School had no uncertain tax positions as of June 30, 2017. PART V, LINE 1B: ENDOWMENT CONTRIBUTIONS ARE COMPOSED OF CONTRIBUTIONS AND TRANSFERS. ENDOWMENT CONTRIBUTIONS TOTALED $1,963,220 FOR THE FISCAL YEAR. ENDOWMENT TRANSFERS TOTALED $1,680,000. This amount WAS TRANSFERRED INTO THE UNRESTRICTED QUASI-ENDOWMENTS, FOR WHICH THE BOARD MAY USE AT ITS DISCRETION. THE BOARD HAS CURRENTLY EARMARKED THE FUNDS TO SUPPORT, AMONG OTHER USES, DEBT SERVICE ON ITS BONDS. PART XI, LINE 2D: OTHER INCLUDES FINANCIAL AID NETTED WITH TUITION REVENUE ON FINANCAL STATEMENTS OF ($3,656,802). PART XI, LINE 4B: OTHER INCLUDES NET AGENCY REVENUE OF $729,682, RENTAL EXPENSE OF ($50,144) AND COST OF GOODS SOLD OF ($366,404). PART XII, LINE 4B: OTHER INCLUDES NET AGENCY EXPENSES OF $881,431, RENTAL EXPENSES OF ($50,144) AND COST OF GOODS SOLD OF ($366,404). IT ALSO INCLUDES FINANCIAL AID NETTED WITH TUITION REVENUE ON THE FINANCIAL STATEMENT OF $3,656,802. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Every print advertisement Collegiate School places in magazines, newspapers, program books, etc. includes the School's nondiscriminatory policy. Central America and the Caribbean 0 0 PROGRAM SERVICES INTERNATIONAL STUDY 94400 Central America and the Caribbean 0 0 Grants to recipients located in the region 1024 East Asia and the Pacific 0 0 PROGRAM SERVICES INTERNATIONAL STUDY 66881 Europe 0 0 PROGRAM SERVICES INTERNATIONAL STUDY 30059 Middle East and North Africa 0 0 Program Services INTERNATIONAL STUDY 12627 North America 0 0 PROGRAM SERVICES INTERNATIONAL STUDY 11579 South Asia 0 0 PROGRAM SERVICES INTERNATIONAL STUDY 11520 Sub-Saharan Africa 0 0 Grants to recipients located in the region 7341 0 0 0 0 0 0 235431 0 235431 1 0 1 0 0 0 AUCTION 437343 278556 158787 5781 38113 7070 253452 FAIR 119057 13547 105510 50336 13 107779 1764 106015 68823 664179 293867 370312 5781 38113 7070 372611 423575 -53263 16075 144 7449 0 16075 144 7449 7593 8482 0 0 0 0 0 0 1 NEED-BASED FINANCIAL AID 272 3656802 BOOK TUITION, FEES, Books, ETC. Part I, Line 2: ALTHOUGH THE SCHOOL DOES NOT PROVIDE GRANTS IN THE TRADITIONAL SENSE, WE DO PROVIDE NEED-BASED FINANCIAL AID TO FAMILIES WHO QUALIFY. FAMILIES REQUESTING SCHOLARSHIPS MUST ANNUALLY SUBMIT A PARENTS' FINANCIAL STATEMENT TO THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS) ALONG WITH SUPPORTING DOCUMENTS (E.G. TAX RETURNS, W-2S). THIS FORM REQUESTS INFORMATION SUCH AS INCOME, EXPENSES, ASSETS, LIABILITIES AND NUMBER OF CHILDREN IN THE FAMILY. THE SSS EVALUATES THE FAMILY'S FINANCIAL NEED AND DETERMINES AN EXPECTED FAMILY CONTRIBUTION. THE SSS REPORT IS RECEIVED BY THE SCHOOL AND REVIEWED BY THE FINANCIAL AID COMMITTEE. THE SCHOOL AWARDS SCHOLARSHIPS BASED ON NEED. THE SCHOOL APPLIES THE AWARDS TOWARD THE TUITION FOR THAT SCHOOL YEAR. X X 1 1 X X 0 0 0 0 0 0 0 0 0 Stephen Hickman President/Head of School 420075 0 0 0 19975 0 113050 0 41718 0 594818 0 0 0 Phyllis Palmiero VP-Finance, Treasurer 235770 0 0 0 1255 0 17045 0 35969 0 290039 0 0 0 Charles L Blair JR Head of Middle School 143773 0 0 0 2455 0 15300 0 21515 0 183043 0 0 0 Susan R Droke Academic Dean 134473 0 0 0 1152 0 9898 0 17377 0 162900 0 0 0 James P Watson Assistant Head of School 129281 0 0 0 620 0 9599 0 45016 0 184516 0 0 0 Karen S Doxey Director-Athletics 124298 0 0 0 1030 0 12535 0 14029 0 151892 0 0 0 Part I, Line 1a THE HEAD OF SCHOOL RECEIVES CERTAIN ADDITIONAL BENEFITS THAT ARE TYPICAL COMPONENTS OF AN EXECUTIVE LEVEL COMPENSATION PACKAGE AMONG INDEPENDENT SCHOOLS. THESE BENEFITS PRIMARILY INCLUDE A HOUSING ALLOWANCE AND AN AMOUNT THAT REPRESENTS ADDITIONAL RETIREMENT CONTRIBUTIONS WHICH ARE GROSSED UP TO PROVIDE FOR THE TAX LIABILITY ASSOCIATED WITH THEM. Nationally and locally, many Heads of Schools are provided a home on campus, when one exists. When one does not exist on campus, as is the case at Collegiate School, it is customary to provide a housing allowance to the Head of School because his home is used throughout the year for certain school related functions. The housing allowance is a taxable benefit and included in his base compensation. Part I, Line 3 THE COMPENSATION COMMITTEE REVIEWS THE INDEX (INDEPENDENT DATA EXCHANGE) REPORT ON THE SALARIES AND TOTAL COMPENSATION FOR THE HEADS OF SCHOOLS. THE INDEX BENCHMARKING GROUP CONSISTS OF APPROXIMATELY 50 K-12 CO-EDUCATIONAL DAY SCHOOLS ACROSS THE NATION WITH SIMILAR MISSIONS TO COLLEGIATE SCHOOL. THE COMMITTEE ALSO REVIEWS ANY OTHER COMPARISONS THAT MAY BE AVAILABLE AT THAT TIME. A edA OF the County of Henrico 541197472 42605PCM5 2010-11-04 15988433 SEE BELOW 0 0 0 B EDA OF the County of Henrico 541197472 42605PDC6 2012-04-19 24183447 SEE BELOW 0 0 0 C edA OF the County of GOOCHLAND 541250286 000000000 2012-04-27 848750 SEE BELOW 0 0 0 A 5080000 15988433 313345 15675088 1999 1 0 1 1 B 900000 24228100 433186 23794914 2013 0 0 1 1 C 606250 848750 848750 1998 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 0 0 0 0 1 B 0 0 1 1 0 0 0 0 1 C 0 0 1 1 0 0 0 0 1 A 1 B 1 C 1 Date Rebate Computation Performed Issuer Name: edA OF the County of Henrico Date the Rebate Computation was Performed: 03/14/2014 Issuer Name: EDA OF the County of Henrico Date the Rebate Computation was Performed: 03/27/2014 Issuer Name: edA OF the County of GOOCHLAND Date the Rebate Computation was Performed: 03/27/2014 Sch K, Part I, LIne A, Col (F) REFUND OUTSTANDING AMOUNT ON BOND ORIGINALLY ISSUED 12/30/1998 Sch K, Part I, Line B, Col (F) CAPITAL IMPROVEMENT PROJECTS SUCH AS BUILDINGS, EQUIPMENT, ROADS, PARKING AND SITE IMPROVEMENTS. Sch K, Part I, LIne A, Col (F) REFUND OUTSTANDING AMOUNT ON BOND ORIGINALLY ISSUED 12/30/1998 Sch K, Part II, Line 3, Column (B) The total proceeds of issue does not equal the issue price in Part I due to investment earnings on unspent bond proceeds. Stephen Hickman Head of School Purchase of a home; apr 2.5%, balance due June 2019 X 250000 77188 0 1 1 77188 X 178461 FAIR MARKET VALUE X 52 2796128 MEAN VALUE X 1 150303 cost 0 0 1 0 Form 990, Part VI, Section B, line 11b FORM 990 IS REVIEWED BY THE SCHOOL'S SENIOR MANAGEMENT AS WELL AS THE SCHOOL'S INDEPENDENT ACCOUNTING FIRM CHERRY BEKAERT LLP. TO PROTECT DONOR PRIVACY, THE SCHOOL DOES NOT PROVIDE SCHEDULE B TO THE BOARD OF TRUSTEES. HOWEVER, A FULL PUBLIC DISCLOSURE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR ITS REVIEW BEFORE IT IS FILED. Form 990, Part VI, Section B, line 12c EACH YEAR, ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT, NOTING ANY RELATIONSHIPS AND/OR CONFLICTS THEY HAVE WITH COLLEGIATE SCHOOL. BY SIGNING, THEY ACKNOWLEDGE THAT THEY HAVE RECEIVED A COPY OF THE SCHOOL'S CONFLICT OF INTEREST POLICY. THE STATEMENTS ARE KEPT ON FILE WITH BOTH THE BOARD SECRETARY AND THE BUSINESS OFFICE AND ARE REFERRED TO THROUGHOUT THE YEAR AS NEEDED. THE FOLLOWING IS AN EXCERPT FROM COLLEGIATE SCHOOL'S BOARD OF TRUSTEES CONFLICT OF INTEREST POLICY: "AN OFFICER, TRUSTEE OR STAFF MEMBER WHO HAS A CONFLICT OF INTEREST WILL NEITHER PARTICIPATE IN NOR EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. IN THE EVENT THAT AN OFFICER, TRUSTEE, OR STAFF MEMBER DOES HAVE A CONFLICT OF INTEREST WITH RESPECT TO A MATTER, THEY WILL BE INELIGIBLE TO VOTE AND THIS WILL BE REFLECTED IN THE MINUTES." Form 990, Part VI, Section B, line 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS COMPRISED OF THE CURRENT AND PAST CHAIRS AND THE VICE-CHAIR, IS CHARGED WITH REVIEWING THE PERFORMANCE AND ESTABLISHING COMPENSATION LEVELS FOR THE HEAD OF SCHOOL. THE PROCESS BEGINS WITH A SET OF ANNUAL GOALS DEVELOPED BY THE HEAD OF SCHOOL AND THE FULL BOARD. TO BEGIN THE PERFORMANCE REVIEW DISCUSSION, THE COMMITTEE SOLICITS FEEDBACK FROM THE BOARD ON HOW WELL THOSE GOALS HAVE BEEN MET. IN ADDITION, THE COMMITTEE REVIEWS THE SELF-APPRAISAL PREPARED BY THE HEAD OF SCHOOL. AS PART OF ITS COMPENSATION CONSIDERATIONS, THE COMMITTEE REVIEWS THE INDEX (INDEPENDENT DATA EXCHANGE) REPORT ON THE SALARIES AND TOTAL COMPENSATION FOR THE HEADS OF SCHOOLS. THE INDEX BENCHMARKING GROUP CONSISTS OF APPROXIMATELY 50 K-12 CO-EDUCATIONAL DAY SCHOOLS ACROSS THE NATION WITH SIMILAR MISSIONS TO COLLEGIATE SCHOOL. THE COMMITTEE ALSO REVIEWS ANY OTHER COMPARISONS THAT MAY BE AVAILABLE AT THAT TIME. THE COMMITTEE'S PROCESS AND DECISIONS ARE COMMUNICATED TO THE VICE PRESIDENT OF FINANCE AND HUMAN RESOURCES MANAGER AND ARE DOCUMENTED IN THE FORM OF A MEMORANDUM TO THE FILE. With respect to the compensation of other key employees, the school uses national benchmarking data from approximately 50 like independent schools, including compensation surveys. The salaries are determined based on this data, in addition to job duties and responsibilities, expertise, and the market for those skills and expertise. Form 990, Part VI, Section C, line 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, line 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -10,656. Powell Economic Education Foundation 103 North Mooreland Road RICHMOND VA 23229 208565566 SUPPORTING ORGANIZATION VA 501(c)(3) Line 12a, I The Collegiate School 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0