2017-02-12T14:36:09-06:00 2016-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2015-07-01 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 2017-02-09 true Alycia Mecchella P01272637 2155614200 2015 2021-01-29 14:40:06Z REV EDMUND K SHERRILL II 1001 E Lincoln Highway Exton PA 19341 30605181 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 accesible 23 23 110 -1672 -1672 1150332 1508394 1442822 1335885 6663001 8320326 325013 329501 9581168 11494106 0 0 0 0 5815741 5973061 0 0 635879 4346054 4658298 10161795 10631359 -580627 862747 164478582 156006609 8235949 6725194 156242633 149281415 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 8077063 1335885 Provision of a residential college preparatory environment for boys in grades 8 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. 8077063 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 37 0 true 110 true true true false false false false true true false false false false X 23 23 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 RICHARD H GHERST II TREASURER 3.0 0.0 X X 0 0 0 STEVEN A LONEY 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 SAMUEL B CUPP JR BOARD MEMBER 1.0 0.0 X 0 0 0 REV CLIFTON DANIEL 3RD BOARD MEMBER 1.0 0.0 X 0 0 0 STEPHEN B DARBY 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 MICHAEL J HANKIN BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN P KIRWIN III BOARD MEMBER 1.0 0.0 X 0 0 0 STACEY SHREINER KLEY 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 195000 0 113134 NEIL J FANELLI JR DIRECTOR OF FINANCE 50.0 0.0 X 162219 0 23454 PETER E CORRADO DIRECTOR OF DEVELOPMENT 50.0 0.0 X 144228 0 15543 CHRISTOPHER A SEELEY ASSISTANT HEAD OF SCHOOL 50.0 0.0 X 141602 0 19390 CHARLES R NOLL DIRECTOR OF STUDENT LIFE 50.0 0.0 X 100316 0 25787 ARTHUR S SMITH FACULTY TEACHER 50.0 0.0 X 106053 0 4810 849418 0 202118 6 false true false Sodexo Inc and Affiliates PO Box 360170 PITTSBURGH PA 15251 Food/Janitor Svcs 1013221 BrightView Landscapes LLC 131 Ship Road EXTON PA 19341 Grounds Svcs 194367 Chester Valley Engineers Inc 83 Chestnut Road PAOLI PA 19301 Civil Engineering 155742 3 1508394 54718 1508394 TUITION AND FEES 900099 1335885 1335885 1335885 3469076 -6720 3475796 0 0 105835 105835 0 105835 105835 23869531 19018281 4851250 4851250 5048 4846202 316460 92794 223666 223666 0 0 0 11494106 1335885 -1672 8651499 0 0 0 0 267376 267376 0 4203627 3034943 777469 391215 504534 381418 73970 49146 667547 468382 138814 60351 329977 227156 73552 29269 0 15473 15473 69043 4573 64470 0 0 0 1260916 1200471 60445 135067 66719 68348 119722 47936 52442 19344 350725 156263 194462 0 715281 685523 29758 88872 46034 33278 9560 0 46977 26133 19124 1720 337 337 0 888776 843448 45328 136332 118653 13893 3786 CAMPUS MAINTENANCE 245842 233575 12267 STUDENT ACTIVITIES 105628 105628 INSTRUCTIONAL 155718 155718 ATHLETIC 173391 173391 150198 101099 45959 3140 10631359 8077063 1918417 635879 0 0 3272303 3353370 60181 30331 89334 269153 0 0 0 0 0 0 0 0 147578 219885 32851648 22046724 11516331 10804924 130361682 123141591 11349993 10854774 0 0 0 0 7681180 7332581 164478582 156006609 694643 673977 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7541306 6051217 8235949 6725194 X 123086694 118447723 1411085 1376642 31744854 29457050 156242633 149281415 164478582 156006609 X 862747 -9470511 1646546 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 141711675 -881535 6833775 133996365 144985308 2688928 5962561 141711675 128528438 23756043 7299173 144985308 118323581 17221864 7017007 128528438 129625030 1001484 -5989317 6313616 118323581 0.83350 0.16650 true false 317134 317134 26318627 17364522 8954105 1532871 509732 1023139 4683016 4172470 510546 10804924 COMMON TRUST FUND 10854774 F 10854774 0 DEPOSITS & MISCELLANEOUS 686005 PENSION PROJECTED BEN. OBLIGATION 5365212 6051217 X 4782150 -9470511 2665761 -6804750 11586900 -92794 -92794 11494106 11743368 1112009 1112009 10631359 10631359 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, 2016 these financial statements do not include any material tax positions. RECONCILIATION OF REVENUES SCHEDULE D, PART XI, LINE 2D DECREASE IN UNFUNDED PENSION STATUS $ 2,665,761 SCHEDULE D, PART XI, LINE 4B RECLASS OF SPECIAL EVENTS EXPENSE $ (92,794) Reconciliation of Expenses Schedule D, Part XII, Line 2D PENSION PLAN SETTLEMENT/CURTAILMENT $ 1,019,215 RECLASS OF SPECIAL EVENTS EXPENSE $ 92,794 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 as 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 provided by the state to its public schools. Since the school is private, this provides the means for the school to provide available materials without the incurrence of significant expenditures. Golf Classic 110820 110820 9511 11528 14748 Gala Event 205640 205640 8000 38452 400 10155 0 316460 316460 17511 49980 400 24903 92794 223666 X X true true X X X false false false false false false false false false REV EDMUND K SHERRILL II HEAD OF SCHOOL 195000 0 0 0 0 0 47191 0 65943 0 308134 0 0 0 NEIL J FANELLI JR DIRECTOR OF FINANCE 162219 0 0 0 0 0 9512 0 13942 0 185673 0 0 0 PETER E CORRADO DIRECTOR OF DEVELOPMENT 144228 0 0 0 0 0 8457 0 7086 0 159771 0 0 0 CHRISTOPHER A SEELEY ASSISTANT HEAD OF SCHOOL 141602 0 0 0 0 0 6209 0 13181 0 160992 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 7 54718 FMV false true false Business Relationships Form 990, Part VI, Line 2 John Pickering and Mehul Trivedi have a business relationship. 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 FINANCE 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 is 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 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 Other Changes in Net Assets of Fund Balances Explained: (INCREASE)/DECREASE IN UNFUNDED PENSION STATUS $ 2,665,761 PENSION PLAN SETTLEMENT/CURTAILMENT $(1,019,215) ------------ TOTAL OTHER CHANGES $ 1,646,546 FORM 990 PART IX LINE 11G DESCRIPTION:KITCHEN/FOOD SERVICE TOTAL FEES:888883 FORM 990 PART IX LINE 11G DESCRIPTION:JANITORIAL SERVICE TOTAL FEES:172960 FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED JOBS TOTAL FEES:155373 FORM 990 PART IX LINE 11G DESCRIPTION:HR SERVICES TOTAL FEES:43700