2017-05-02T07:49:53-05:00 2016-06-30 510232475 COVER & ROSSITER PA 62 ROCKFORD ROAD WILMINGTON DE 19806 990 2015-07-01 510065745 TOWER HILL SCHOOL ASSOCIATION TOWE 3026578360 2813 WEST 17TH STREET WILMINGTON DE 19806 ELIZABETH C SPEARS HEAD OF SCHOOL 3026578360 2017-04-28 1 PETER S KENNEDY CPA P00571422 3026566632 2017-04-28 2015 2021-01-29 14:40:06Z ELIZABETH C SPEERS 2813 WEST 17TH STREET WILMINGTON DE 19806 25690543 0 X WWW.TOWERHILL.ORG X 1919 DE TOWER HILL SCHOOL IS A CO-EDUCATIONAL SCHOOL FOR STUDENTS 3 YEARS OLD THROUGH GRADE 12. 20 20 227 207 0 0 2013640 1488226 17621367 17614394 -353330 569807 421650 323490 19703327 19995917 2079330 3559585 0 0 11825837 12166232 0 0 472317 7637620 6424556 21542787 22150373 -1839460 -2154456 71324090 68318096 5200349 5691011 66123741 62627085 X TOWER HILL PROVIDES AN ENRICHED AND CHALLENGING COLLEGE PREPARATORY PROGRAM IN WHICH EACH STUDENT'S ABILITIES AND TALENTS ARE RECOGNIZED AND RESPECTED. THE CURRICULUM INCORPORATES BOTH TRADITIONAL AND INNOVATIVE APPROACHES TO LEARNING WITHIN AN EDUCATIONAL ENVIRONMENT THAT NURTURES EACH STUDENT'S MORAL, INTELLECTUAL, CREATIVE, AND PHYSICAL DEVELOPMENT.TOWER HILL IS COMMITTED TO PERPETUATING A SCHOOL COMMUNITY FOUNDED ON PERSONAL INTEGRITY, MUTUAL RESPECT, AND COLLECTIVE RESPONSIBILITY. THE SCHOOL PREPARES ITS STUDENTS FOR CITIZENSHIP IN THE GLOBAL COMMUNITY AND ENCOURAGES AN APPRECIATION FOR THE LIFELONG PROCESS OF LEARNING. 0 0 19228468 2172535 17467461 EDUCATIONAL PROGRAMS - TOWER HILL IS A CO-EDUCATIONAL INDEPENDENT SCHOOL WITH 705 STUDENTS FROM 3 YEARS OLD THROUGH GRADE 12. THE LOWER SCHOOL ACHIEVED ENROLLMENT OF 226 STUDENTS, THE MIDDLE SCHOOL WITH 219 STUDENTS AND THE UPPER SCHOOL WITH 260 STUDENTS. TOWER HILL GRADUATED 60 STUDENTS IN THE CLASS OF 2016. MEMBERS OF THIS CLASS NOW ATTEND YALE UNIVERSITY, JOHN HOPKINS UNIVERSITY, AMHERST COLLEGE, GEORGE WASHINGTON UNIVERSITY, UNIVERSITY OF CALIFORNIA - DAVIS, UNIVERSITY OF CALIFORNIA - SAN DIEGO, BROWN UNIVERSITY, BUCKNELL UNIVERSITY, CHAMPLAIN COLLEGE, COLLEGE OF CHARLESTON, DARTMOUTH COLLEGE, ELON UNIVERSITY, EMORY UNIVERSITY, FRANKLIN & MARSHALL COLLEGE, FURMAN UNIVERSITY, GETTYSBURG COLLEGE, GOUCHER COLLEGE, HIGH POINT UNIVERSITY, LYNCHBURG COLLEGE, MUHLENBERG COLLEGE, NEW YORK UNIVERSITY, NORTH CAROLINA STATE UNIVERSITY, PENNSYLVANIA STATE UNIVERSITY, RHODES COLLEGE, STANFORD UNIVERSITY, SWARTHMORE COLLEGE, SYRACUSE UNIVERSITY, TULANE UNIVERSITY, UNIVERSITY OF ALABAMA, UNIVERSITY OF CHICAGO, UNIVERSITY OF DELAWARE, UNIVERSITY OF MARYLAND - COLLEGE PARK, UNIVERSITY OF NOTRE DAME, UNIVERSITY OF PENNSYLVANIA, UNIVERSITY OF SOUTH CAROLINA, UNIVERSITY OF MIAMI, URSINUS COLLEGE, WAKE FOREST UNIVERSITY, WASHINGTON COLLEGE, WELLESLEY COLLEGE, WESLEYAN UNIVERSITY AND UNIVERSITY OF TEXAS - AUSTIN. 234265 301394 AFTER SCHOOL PROGRAM - THE AFTER SCHOOL PROGRAM SERVICES TOWER HILL STUDENTS AGE 3 THROUGH GRADE 6 EVERY SCHOOL DAY FROM 2:45PM TO 6:00PM. 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 AND OUTDOOR SPORTS, AND AGE-APPROPRIATE ACTIVITIES GIVE STUDENTS THE CHANCE TO FULFILL THEIR RESPONSIBILITIES AND GIVE THEIR IMAGINATIONS A WORKOUT TOO. OUR ENRICHMENT OFFERINGS INCLUDE PROGRAMS SUCH AS LET'S TALK CHINESE, DRAMA TIME, CHESSNUTS, LEGO EDUCATION COURSES, SEWING ON THE GO, GOLF, KARATE, DARE TO DANCE, SOCCER, AND TENNIS, AMONG OTHERS. 133813 150236 SUMMER CAMP PROGRAM - THE SUMMER CAMP PROGRAM ENROLLED AN AVERAGE OF 35 CAMPERS PER WEEK OVER THE COURSE OF AN 8 WEEK CAMP PERIOD. NEW PROGRAM INITIATIVES AND ENHANCED MARKETING EFFORTS ATTRACTED CHILDREN NEW TO THE CAMP AND THE MARKET AREA FROM WHICH CHILDREN WERE DRAWN WAS EXPANDED. OUR CAMPERS ENJOYED PROGRAMS SUCH AS DAY CAMP, ACADEMIC PREP, CHEMISTRY PREP, STUDY SKILLS, FIELD HOCKEY, LACROSSE, BASKETBALL, BASEBALL, FOOTBALL, SPORTS PLUS, AND A DAY CAMP DESIGNED FOR PRESCHOOL AGED CHILDREN. THE GOAL OF THE CAMP IS TO INTRODUCE PARENTS AND CHILDREN TO TOWER HILL SCHOOL AND TO PROVIDE ENGAGING ACTIVITIES DURING THE SUMMER MONTHS FOR OUR STUDENTS. 19596546 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 26 0 1 227 1 0 1 CJ 0 0 0 0 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 X X BUSINESS OFFICE TOWER HILL SCHOOL 3026578360 1611 TOWER ROAD WILMINGTON DE 19806 DR EARL J BALL III CHAIR 5.00 X X 0 0 0 MS ELLEN J KULLMAN VICE CHAIR 5.00 X X 0 0 0 MR WILLIAM H DAIGER JR TREASURER 5.00 X X 0 0 0 MS LINDA R BOYDEN SECRETARY 5.00 X X 0 0 0 MR THEODORE H ASHFORD III TRUSTEE 2.00 X 0 0 0 MR BENJAMIN DU PONT TRUSTEE 2.00 X 0 0 0 MR CHARLES M ELSON TRUSTEE 2.00 X 0 0 0 MR W WHITFIELD GARDNER TRUSTEE 2.00 X 0 0 0 MR LAIRD HAYWARD TRUSTEE 2.00 X 0 0 0 DR ERIC JOHNSON TRUSTEE 2.00 X 0 0 0 MR HENRY MELLON TRUSTEE 2.00 X 0 0 0 MS ANN ROSE TRUSTEE 2.00 X 0 0 0 DR DAVID P ROSELLE TRUSTEE 2.00 X 0 0 0 MS MICHELLE SHEPHERD TRUSTEE 2.00 X 0 0 0 MR MATTHEW T TWYMAN III TRUSTEE 2.00 X 0 0 0 MR JON ABRAMCZYK TRUSTEE 2.00 X 0 0 0 DR ANTHONY CUCUZZELLA TRUSTEE 2.00 X 0 0 0 MR REGIS DE RAMEL TRUSTEE 2.00 X 0 0 0 MS CARMEN WALLACE TRUSTEE 2.00 X 0 0 0 MS GINA WARD TRUSTEE 2.00 X 0 0 0 MS JANET PLYLER BUSINESS MANAGER 40.00 X 144921 0 19862 MS ELIZABETH SPEERS HEAD OF SCHOOL 40.00 X 220735 0 46357 MS JULIE TOPKIS CHIEF ADVANCEMENT OFFICER 40.00 X 153590 0 39185 MR HARRY BAETJER ASSISTANT HEAD OF SCHOOL 40.00 X 153591 0 21020 MR KELLY DESHANE DIRECTOR OF ADMISSION 40.00 X 105506 0 36546 MR DANIEL HICKEY ASST HEAD/HEAD OF UPPER SCHOOL 40.00 X 104744 0 61283 MR JACK HOLLOWAY DIRECTOR OF ATHLETICS 40.00 X 108400 0 8672 991487 0 232925 8 0 1 0 WILLIAMSON HOSPITALITY SERVICE INC 97 GREAT VALLEY PARKWAY MALVERN PA 19355 DINING SERVICE 704910 NASH OMNISCAPING LLC P O BOX 40 MONTCHANIN DE 19710 LANDSCAPER 354017 FIRST CHOICE CLEANING SERVICE 1722 NEWPORT GAP PIKE WILMINGTON DE 19808 CLEANING SERVICE 309802 MODERN CONTROLS 7 BELLECOR DR NEW CASTLE DE 19720 EQUIPMENT SERVICE 163718 ART & SCIENCE GROUP 300 EAST LOMBARD STREET BALTIMORE MD 21202 CONSULTING SERVICE 138951 6 1488226 129063 1488226 TUITION 611600 17162764 17162764 AFTER CARE 611600 301394 301394 SUMMER SCHOOL 611600 150236 150236 17614394 564090 564090 19418 625 18793 18793 18793 5087055 5081338 5717 5717 5717 860433 612663 247770 247770 MISCELLANEOUS 611600 56927 56927 56927 19995917 17919091 0 588600 3559585 3559585 757368 259382 438091 59895 8999849 8086998 726780 186071 685427 586318 81830 17279 1032561 883259 123273 26029 691027 591108 82499 17420 24971 24971 40915 40915 112730 112730 24361 24361 1554 1554 209577 209577 58185 58185 1782035 1782035 1978563 1978563 139638 139638 EDUCATION-RELATED EXPEN 1361788 1361788 MISCELLANEOUS EXPENSES 320914 186071 134843 ALUMNI & PUBLIC RELATIO 187524 21901 165623 THS TRANSPORTATION 120741 120741 61060 61060 22150373 19596546 2081510 472317 1394639 1124262 1940988 1992982 10409 15756 24197 14788 42896 68634 59659936 28020225 33548246 31639711 34362715 33461963 71324090 68318096 4772049 5306734 428300 384277 5200349 5691011 X 44371872 41931855 1661716 516887 20090153 20178343 66123741 62627085 71324090 68318096 -2154456 -1342200 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31430215 88190 -900757 798536 501464 29317648 31584043 60956 1030216 765574 479426 31430215 28469653 139939 4149451 720218 454782 31584043 26488424 92538 3063691 718746 456254 28469653 29035520 23068 -1320164 761278 488722 26488424 0.30970 0.68820 0.00210 0 0 3247658 3247658 45001630 18286178 26715452 8432475 6817379 1615096 2978173 2916668 61505 31639711 SECURITIES AND OTHER INVESTMENTS 33461963 F 33461963 STUDENT GROUP FUNDS 171940 RESERVE FOR SPECIFIC PURPOSES 212337 384277 X 15726830 -1342200 613288 -728912 16455742 3540175 3540175 19995917 19223486 613288 613288 18610198 3540175 3540175 22150373 PART X, LINE 2: THE ASSOCIATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10-50, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT CONTINUOUSLY EVALUATES THE ASSOCIATION'S TAX POSITIONS IN RELATION TO ANY EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW OR NEW AUTHORITATIVE RULINGS, AS APPLICABLE. MANAGEMENT'S EVALUATION IS THAT THERE IS NO POSSIBLE ADDITIONAL UNRECORDED INCOME TAX LIABILITY. THIS EVALUATION IS BASED ON SETTLED AND ESTABLISHED POSITIONS WITHIN THE INTERNAL REVENUE CODE AND MANAGEMENT BELIEVES THERE IS NO SIGNIFICANT UNCERTAINTY RELATED TO ITS EVALUATION. THE ASSOCIATION'S POLICY IS TO EXPENSE ALL INTEREST AND PENALTIES, IF ANY, AS INCURRED. NO AMOUNTS OF INTEREST OR PENALTIES WERE RECOGNIZED BY THE SCHOOL DURING THE YEAR ENDED JUNE 30, 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST GOODS SOLD 612,663. RENTAL EXPENSE 625. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE, REMISSION AND MERIT-BASED AWARDS 3,540,175. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 612,663. RENTAL EXPENSE 625. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE AND MERIT-BASED AWARDS 2,172,535. TUITION REMISSION 1,367,640. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 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. CARIBBEAN 0 0 INVESTMENTS 2497183 0 0 0 0 0 0 2497183 0 2497183 0 0 0 0 0 0 1 FINANCIAL ASSISTANCE, TUITION REMISSION AND MERIT-BASED AWARDS 255 3540175 PART I, LINE 2: THE SCHOOL AWARDS SCHOLARSHIPS TO STUDENTS BASED MERIT OR DEMONSTRATED FINANCIAL NEED. PARTIAL TUITION REMISSION IS ALSO GRANTED TO CHILDREN OF FACULTY AND STAFF. X X X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 MS JANET PLYLER BUSINESS MANAGER 144921 0 0 0 0 0 11640 0 8222 0 164783 0 0 0 MS ELIZABETH SPEERS HEAD OF SCHOOL 220735 0 0 0 0 0 25600 0 20757 0 267092 0 0 0 MS JULIE TOPKIS CHIEF ADVANCEMENT OFFICER 153590 0 0 0 0 0 10169 0 29016 0 192775 0 0 0 MR HARRY BAETJER ASSISTANT HEAD OF SCHOOL 153591 0 0 0 0 0 9200 0 11820 0 174611 0 0 0 MR DANIEL HICKEY ASST HEAD/HEAD OF UPPER SCHOOL 104744 0 0 0 0 0 8138 0 53145 0 166027 0 0 0 PART I, LINE 4B 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. X 11 129063 FMV 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 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. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S ANNUAL COMPENSATION IS REVIEWED ANNUALLY AND APPROVED BY THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE AND REPORTED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE HELD WITH THE SCHOOL AND MAY BE MADE AVAILABLE UPON REQUEST. 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: IN THE CURRENT YEAR, TOWER HILL FORMED AN AUDIT COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT. PREVIOUSLY TOWER HILL'S FINANCE AND INVESTMENT COMMITTEE WAS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT.