2017-04-13T12:28:11-05:00 2016-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2015-07-01 231352677 SHIPLEY SCHOOL SHIP 6105254300 814 YARROW STREET BRYN MAWR PA 19010 ADAM WOJTELWICZ ASSISTANT TREASURER 6105254300 2017-04-13 1 STACY CULLEN P00974308 2159798800 2017-04-13 2015 2021-01-29 14:40:06Z STEVEN S PILTCH 814 YARROW STREET BRYN MAWR PA 19010 54552297 0 X WWW.SHIPLEYSCHOOL.ORG X 1894 PA THE SHIPLEY SCHOOL IS A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL. 32 31 357 200 0 -4453 8353560 6634217 27027754 28021131 3034064 1854988 951118 1298062 39366496 37808398 5409586 5836749 0 0 16704400 17200007 0 0 1879398 12134875 13065515 34248861 36102271 5117635 1706127 95177915 101790209 25811623 34093588 69366292 67696621 THE SHIPLEY SCHOOL, A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL, IS COMMITTED TO EDUCATIONAL EXCELLENCE AND DEDICATED TO DEVELOPING IN EACH STUDENT A LOVE OF LEARNING AND A COMPASSIONATE PARTICIPATION IN THE WORLD. 0 0 25624750 5836749 28021131 THE SHIPLEY SCHOOL PROVIDES A PRIVATE SCHOOL EDUCATION TO STUDENTS RANGING FROM PRE-KINDERGARTEN TO GRADE 12. 838 STUDENTS WERE ENROLLED AT THE SCHOOL DURING THE 2015-2016 ACADEMIC YEAR. THE SCHOOL IS ACCREDITED BY THE PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS. THE SHIPLEY EXPERIENCE EXTENDS BEYOND THE CLASSROOM AS SHIPLEY SPORTS TEAMS HAVE WON 34 LEAGUE CHAMPIONSHIPS IN THE LAST FIVE YEARS. IN ADDITION, SHIPLEY STUDENTS HAVE MADE AN IMPACT ON THE COMMUNITY AS ALL SHIPLEY STUDENTS PARTICIPATE IN SERVICE LEARNING PROJECTS THROUGHOUT THE ACADEMIC YEAR. 25624750 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 46 0 1 357 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ADAM WOJTELWICZ 6105254300 814 YARROW STREET BRYN MAWR PA 190103598 STEVEN S PILTCH HEAD OF SCHOOL 45.00 X X 367145 0 256255 ADAM B SPECTOR CHAIR 1.50 X 0 0 0 KENNETH J HUFFMAN TRUSTEE 0.80 X 0 0 0 CYNTHIA A ARCHER TRUSTEE 0.80 X 0 0 0 ERIC T BRADLOW TRUSTEE 0.80 X 0 0 0 CATHERINE MURPHY TRUSTEE 0.80 X 0 0 0 MIMI KELLER DRAKE TRUSTEE 0.80 X 0 0 0 KARLENE BURRELL-MCRAE TRUSTEE 0.80 X 0 0 0 SHERYL P DURHAM TRUSTEE 0.80 X 0 0 0 HILARY DAY MANER TRUSTEE 0.80 X 0 0 0 CHRISTOPHER LEAVY TRUSTEE 0.80 X 0 0 0 MICHAEL FRENCH TRUSTEE 0.80 X 0 0 0 JUSTIN RICHARDS TRUSTEE 0.80 X 0 0 0 MARJORIE G KATZ TRUSTEE 0.80 X 0 0 0 DAVID M LAZARUS TRUSTEE 0.80 X 0 0 0 TRUPTI TRIVEDI TRUSTEE 0.80 X 0 0 0 MATTHEW J GILLIN TRUSTEE 0.80 X 0 0 0 DAVID W PALMER TRUSTEE 0.80 X 0 0 0 STARK TOWNEND TRUSTEE 0.80 X 0 0 0 RENEE JOHNSON TRUSTEE 0.80 X 0 0 0 TAD SPERRY TRUSTEE 0.80 X 0 0 0 CHARLES E RYAN TRUSTEE 0.80 X 0 0 0 RIK MORRIS TRUSTEE 0.80 X 0 0 0 ELLEN T CAPLAN TRUSTEE 0.80 X 0 0 0 THOMAS W NAMMACK TRUSTEE 0.80 X 0 0 0 BROOKSLEY WYLIE TRUSTEE 0.80 X 0 0 0 JOHN FRY TRUSTEE 0.80 X 0 0 0 ROY GUNDY TRUSTEE 0.80 X 0 0 0 LISA SCHOENBERG TRUSTEE 0.80 X 0 0 0 DR DANIEL WEISS TRUSTEE 0.80 X 0 0 0 BENJAMIN WILLNER TRUSTEE 0.80 X 0 0 0 LEO HELMERS TRUSTEE 0.80 X 0 0 0 ADAM WOJTELWICZ ASST TREASURER 45.00 X 163163 0 45256 USHA BALAMORE ASST HEAD OF LOWER SCHOOL 45.00 X 112970 0 12402 TIM LIGHTMAN HEAD OF LOWER SCHOOL 45.00 X 115105 0 18613 MARGARET VAN STEENWYK HEAD UPPER SCHOOL 45.00 X 120643 0 18917 CHRISTOPHER FARR DIRECTOR OF DEVELOPMENT 45.00 X 116890 0 12618 995916 0 364061 6 0 1 0 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWSON MD 21204 STUDENT DINING SERVICES 904122 STARLITE PRODUCTIONS 9 WHITTENDALE DR MOORESTOWN NJ 08057 AUDIO VIDEO LIGHTING 749344 AMERICAN SERVICES CORP THE ASC BUILDING 2241 PROVIDENCE A CHESTER PA 19013 JANITORIAL SERVICES 542668 MGA PARTNERS 234 MARKET STREET PHILADELPHIA PA 19106 ARCHITECTURE SERVICES 279796 ADVANCED FURNITURE SERVICES 4364 SHACKLEFORD ROAD SUITE C NORCROSS GA 30093 FURNITURE 215735 16 158144 6476073 1280419 6634217 TUITION & FEES 611710 27128703 27128703 CAFETERIA SALES/ LUNCH 611710 630552 630552 BOOKSTORE SALES 611710 236164 236164 BOOKFAIR 611710 25712 25712 28021131 1344132 1344132 131522 0 131522 131522 131522 17071249 16560393 510856 510856 510856 388241 158144 183506 204735 204735 OTHER 900099 865680 865680 YEARBOOK SALES 611710 49080 49080 CREW FEES 611710 47045 47045 961805 37808398 28021131 0 3153050 5836749 5836749 765767 765767 13214194 9213360 2908974 1091860 582657 496981 26780 58896 1639593 1192938 305282 141373 997796 671467 246755 79574 24895 24895 132857 132857 94479 94479 390868 390868 835292 835292 1062504 1062504 679182 679182 3310741 3310741 247458 247458 INSTRUCTIONAL EXPENSE 2001613 2001613 AUXILIARY ACTIVITIES 1752373 1752373 FACILITIES OPERATION AL 1145940 866505 279435 BAD DEBTS 121688 121688 1265625 86024 951341 228260 36102271 25624750 8598123 1879398 2186057 1879199 9293352 9859114 6990585 6593916 538725 428795 78662996 29882981 39068612 48780015 30034980 27068799 6485317 6672071 580287 508300 95177915 101790209 3143751 3207139 1619192 1757725 17500785 24639943 3547895 4488781 25811623 34093588 X 37703389 38911221 14975751 11866529 16687152 16918871 69366292 67696621 95177915 101790209 X 1706127 -2308475 -1067323 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26706908 374717 -609530 1265905 25206190 26678086 118029 1082793 1172000 26706908 23255084 524843 3925287 1027128 26678086 21276947 211105 2653032 886000 23255084 19187185 2778140 53161 741539 21276947 0.11740 0.67120 0.21140 0 0 3628073 3628073 65591350 23470872 42120478 9443573 6412109 3031464 48780015 ALTERNATIVE INVESTMENTS 6672071 F 6672071 AGENCY FUNDS 271883 INTEREST RATE SWAP 4216898 4488781 X 29713823 -2308475 183506 -2124969 31838792 132857 5836749 5969606 37808398 30316171 183506 183506 30132665 132857 5836749 5969606 36102271 PART V, LINE 4: THE ENDOWMENT DRAW IS USED TO OFFSET OPERATING COSTS. THESE COSTS ARE PRIMARILY FINANCIAL AID, SCHOLARSHIPS, PROGRAM COSTS AND FACULTY SALARIES. THE SCHOOL SUBSIDIZES AN AMOUNT WELL BEYOND THE DRAW IN EACH OF THESE AREAS. PART X, LINE 2: THE SCHOOL HAS REVIEWED THEIR TAX POSITIONS AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO UNCERTAIN TAX POSITIONS TAKEN ON FEDERAL AND STATE TAX RETURNS FOR THE OPEN TAX YEARS (2013-2015) OR EXPECTED TO BE TAKEN IN THE CURRENT YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 183,506. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,836,749. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 183,506. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,836,749. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATORY POLICY WAS PUBLISHED IN A LOCAL NEWSPAPER. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC) AND OPPORTUNITY SCHOLARSHIP TAX CREDIT (OSTC) FUNDS FROM THE COMMONWEALTH OF PENNSYLVANIA. SPRING FUNDRAISER 316604 37518 279086 71362 SHIPLEY SHOPS 140844 49645 91199 76767 2 88936 70981 17955 35377 546384 158144 388240 183506 183506 204734 1 FINANCIAL AID 254 5836749 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 STEVEN S PILTCH HEAD OF SCHOOL 367145 0 0 0 0 0 147163 0 109092 0 623400 0 0 0 ADAM WOJTELWICZ ASST TREASURER 163163 0 0 0 0 0 8974 0 36282 0 208419 0 0 0 PART I, LINE 1A THE HEADMASTER OF THE SCHOOL IS PROVIDED WITH HOUSING ADJACENT TO THE SCHOOL. THE HOUSING IS A CONDITION OF HIS EMPLOYMENT AND NO PART OF IT IS TAXABLE INCOME. A MONTGOMERY COUNTY IND DEV AUTHORITY 232245125 2014-05-25 24705000 TO REFINANCE 2010 REVENUE BONDS. 0 0 0 B NORTH PENN HEALTH HOSPITAL AND EDUCATION AUTHORITY 232130191 2014-06-30 10000000 TO FINANCE CONSTRUCTION PROJECTS AT SCHOOL. 0 0 0 A 19791559 11459 19550000 180100 50000 1 0 0 1 B 7887799 61118 50000 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 0 B 0 1 0 0 1 0 0 0 0 A 1 B 1 X 42 1280419 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, FINANCE COMMITTEE AND THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES MUST SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION OF THE CEO. THE BOARD UTILIZES AN INDEPENDENT CONSULTANT TO BENCHMARK THE COMPENSATION PACKAGE AS PART OF A "SAFE HARBORS" PROCESS. FOR ALL TOP MANAGEMENT EMPLOYEES, BENCHMARKING THROUGH NAIS IS USED TO DETERMINE AN APPROPRIATE SALARY RANGE UPON HIRE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL WILL PROVIDE TO THE PUBLIC THOSE DOCUMENTS THAT STATE AND FEDERAL LAW REQUIRE BE MADE AVAILABLE, SUCH AS THE FORM 990 AND THE SCHOOL'S ARTICLES OF INCORPORATION. SUCH DOCUMENTS ARE AVAILABLE THROUGH THE BUSINESS OFFICE ON DEMAND. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -1,060,103. AMORTIZATION OF DEFERRED BOND COST -7,220. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEDPENDENT ACCOUNTANT. THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.