2016-05-11T08:53:20-05:00 2015-06-30 MALONEY NOVOTNY LLC 1111 SUPERIOR AVENUE SUITE 700 CLEVELAND OH 44114 990 2014-07-01 340714720 UNIVERSITY SCHOOL % DAVID J WRIGHT UNIV 2169320400 20701 BRANTLEY ROAD SHAKER HEIGHTS OH 44122 DAVID WRIGHT FINANCE DIRECTOR 2169320400 2016-05-11 true CHRISTOPHER B ANDERSON P00226559 2163630100 2014 2016-08-17 19:52:53Z STEVE MURRAY 20701 BRANTLEY ROAD SHAKER HEIGHTS OH 44122 56105778 false X WWW.US.EDU X 1890 OH THE MISSION OF UNIVERSITY SCHOOL IS TO DEVELOP PROMISING AND MOTIVATED YOUNG BOYS INTO ACCOMPLISHED AND INDEPENDENT YOUNG MEN WHO ASPIRE TO MAKE A DIFFERENCE IN THE WORLD. 46 46 452 100 0 6401216 8549994 23440795 24756543 3732996 3388997 39417 36660 33614424 36732194 4043389 4554899 0 0 17850136 17931429 0 0 1187913 10042288 11326870 31935813 33813198 1678611 2918996 169811552 165949488 32981419 29895553 136830133 136053935 X THE MISSION OF UNIVERSITY SCHOOL IS TO DEVELOP PROMISING AND MOTIVATED BOYS INTO ACCOMPLISHED AND INDEPENDENT YOUNG MEN WHO ASPIRE TO MAKE A DIFFERENCE IN THE WORLD. THE SCHOOL IS RIGOROUS. OUR PROGRAMS, LED BY CHALLENGING AND SUPPORTIVE FACULTY, PROMOTE INTELLECTUAL, PHYSICAL, CREATIVE, AND MORAL EXCELLENCE. WE BELIEVE THESE GOALS ARE BEST ACHIEVED IN A DIVERSE COMMUNITY WHERE TRADITION IS VALUED AND WHERE EVERY BOY IS KNOWN AND LOVED. false false 29323102 4554899 24756543 PROVIDE INSTRUCTION TO A REGULARLY-ENROLLED STUDENT BODY (KINDERGARTEN THROUGH GRADE 12) FOR WHICH A REGULAR FACULTY AND COLLEGE-PREPARATORY CURRICULUM ARE MAINTAINED. THERE WERE 874 FULL-TIME STUDENTS ENROLLED AT THE SCHOOL DURING THE 2014-2015 SCHOOL YEAR. 29323102 true true false false false false false false false true true true false false true true false true true false true false false false false false false false true true true false false false false false false false false false false true false false false false true true true false false true 55 0 true 452 true false true UC BD CA EI false false false false false false false false X 46 46 true false false false false false false true true false false false true true true true true true true false X DAVID J WRIGHT 2169320400 20701 BRANTLEY ROAD SHAKER HEIGHTS OH 44122 HENRY MEYER III VICE PRESIDENT 1.0 0.0 X X 0 0 0 DAVID FULTON JR VICE PRESIDENT 1.0 0.0 X X 0 0 0 JAMES GRISWOLD TRUSTEE 1.0 0.0 X 0 0 0 ROBERT MC CREARY III VICE PRESIDENT 1.0 0.0 X X 0 0 0 DALE ADLER TRUSTEE 1.0 0.0 X 0 0 0 RICHARD C BRYAN VICE PRESIDENT 1.0 0.0 X X 0 0 0 BRENT BALLARD SR PRESIDENT 1.0 0.0 X X 0 0 0 THOMAS BARRY VICE PRESIDENT 1.0 0.0 X X 0 0 0 ARTHUR CLEMENTS III TRUSTEE 1.0 0.0 X 0 0 0 MATTHEW V CRAWFORD TRUSTEE 1.0 0.0 X 0 0 0 C MARTIN HARRIS TRUSTEE 1.0 0.0 X 0 0 0 JEFF HEINEN TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER M GORMAN TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM MATTHES TRUSTEE 1.0 0.0 X 0 0 0 DAVID OUTCALT TRUSTEE 1.0 0.0 X 0 0 0 TYLER ZACHEM TRUSTEE 1.0 0.0 X 0 0 0 THOMAS TORMEY VICE PRESIDENT 1.0 0.0 X X 0 0 0 DURGA CHIGURAPATI TRUSTEE 1.0 0.0 X 0 0 0 DEBORAH DONLEY TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL FOUST TREASURER 1.0 0.0 X X 0 0 0 JOHN GRISWOLD TRUSTEE 1.0 0.0 X 0 0 0 SUBER HUANG TRUSTEE 1.0 0.0 X 0 0 0 JAMES KRALIK TRUSTEE 1.0 0.0 X 0 0 0 CHARLES MYERS TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM OBERNDORF TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN OSBORN VICE PRESIDENT 1.0 0.0 X X 0 0 0 LARRY POLLOCK VICE PRESIDENT 1.0 0.0 X X 0 0 0 JEREMIAH ROBINS TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM SCHWEITZER TRUSTEE 1.0 0.0 X 0 0 0 FREDERICK STUEBER II SECRETARY 1.0 0.0 X X 0 0 0 JD SULLIVAN TRUSTEE 1.0 0.0 X 0 0 0 STEVEN TERRELL VICE PRESIDENT 1.0 0.0 X X 0 0 0 FRANKLIN P FLOYD JR TRUSTEE 1.0 0.0 X 0 0 0 RICHARD P STOVSKY TRUSTEE 1.0 0.0 X 0 0 0 JOHN GHERLEIN TRUSTEE 1.0 0.0 X 0 0 0 RONALD S LEE TRUSTEE 1.0 0.0 X 0 0 0 CARL P SJOGREEN TRUSTEE 1.0 0.0 X 0 0 0 DAVID R SMITH TRUSTEE 1.0 0.0 X 0 0 0 CARL J TIPPIT TRUSTEE 1.0 0.0 X 0 0 0 DALE R NAYLOR TRUSTEE 1.0 0.0 X 0 0 0 MARC BYRNES VICE PRESIDENT 1.0 0.0 X X 0 0 0 FREDERICK ASBECK TRUSTEE 1.0 0.0 X 0 0 0 RALPH R BANKS TRUSTEE 1.0 0.0 X 0 0 0 PAMELA B DAVIS TRUSTEE 1.0 0.0 X 0 0 0 THOMAS GRAHAM TRUSTEE 1.0 0.0 X 0 0 0 ANTHONY J SALEWSKI TRUSTEE 1.0 0.0 X 0 0 0 STEVE MURRAY HEADMASTER 40.0 0.0 X 443335 0 71131 DAVID WRIGHT FINANCE DIRECTOR 40.0 0.0 X 181561 0 50600 WILLIAM O'NEIL ASSISTANT HEADMASTER 40.0 0.0 X 165481 0 35851 JONATHAN BRIDGE DIR.OF DEVELOPMENT 40.0 0.0 X 196639 0 59216 BRUCE WILHELM HEAD OF SHAKER 40.0 0.0 X 153984 0 80206 GREG MALKIN DIRECTOR OF ENTREPRENEUR PROG. 40.0 0.0 X 136247 0 28058 PETE DEVINE DIRECTOR OF FACILITIES 40.0 0.0 X 144766 0 30425 1422013 0 355487 12 false true false ALBERT M HIGLEY CO 2926 CHESTER AVENUE CLEVELAND OH 44114 CONSTRUCTION 568930 RELMEC MECHANICAL 4975 HAMILTON AVENUE CLEVELAND OH 44114 HVAC SERVICES 847890 ENERGY MANAGEMENT 15800 INDUSTRIAL PARKWAY CLEVELAND OH 44139 HVAC SERVICES 172917 BIZ EDGE PO BOX 1263 TWINSBURG OH 44087 COMPUTER TECH 146938 CUNNINGHAM PAVING 20814 AURORA ROAD CLEVELAND OH 44146 PAVING 142300 8 2653022 336430 5560542 477925 8549994 ACADEMIC TUITION 900099 20681615 20681615 STUDENT FEES 900099 3156864 3156864 AUXILIARY FUNCTIONS 900099 851650 851650 OTHER OPERATING INCOME 900099 66414 66414 24756543 2737155 2737155 0 0 36660 36660 0 36660 36660 20025426 19373584 651842 651842 651842 0 0 0 0 36732194 24756543 3425657 0 4554899 4554899 0 0 513500 128375 256750 128375 0 13088344 10861904 1492287 734153 1240617 955275 248123 37219 2076786 1599125 415357 62304 1012182 779381 202436 30365 0 0 60210 57200 3010 0 0 0 0 328918 245689 83229 831033 664826 166207 807465 807465 0 0 0 0 0 635530 635530 0 3287674 3287674 186602 186602 UTILITIES 617674 617674 AUXILIARY OPERATIONS 1046163 1046163 REPAIRS & MAINTENANCE 709572 709572 OTHER OPERATING EXPENSES 708616 637754 35431 35431 2107413 1605194 428392 73827 33813198 29323102 3302183 1187913 0 0 4255527 5300523 9622564 6528215 254800 332072 0 0 0 0 0 0 172295 183894 1264982 1153891 108989272 41003460 68371674 67985812 42992506 41673285 40492595 38997498 0 0 0 0 2384609 3794298 169811552 165949488 2543932 2202674 0 0 2768148 2656573 25096753 22238796 0 0 0 0 0 0 0 0 2572586 2797510 32981419 29895553 X 75635415 79025935 18638471 11892731 42556247 45135269 136830133 136053935 169811552 165949488 2918996 -3695194 X false true X true false X 19481808 15790200 9280183 6401216 8549994 59503401 0 0 19481808 15790200 9280183 6401216 8549994 59503401 28188008 31315393 2047609 2062550 2005877 2648911 2773815 11538762 0 0 71042163 114761226 0.44080 0.45980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 81461782 1378211 -236404 3779505 78824084 72471451 903859 10881043 2794571 81461782 65623912 3265084 7307832 3725377 72471451 63647970 6010262 -720323 3313997 65623912 58400373 949770 11288487 6990660 63647970 0.40296 0.54727 0.04976 false false 2715191 2715191 102210780 38767766 63443014 4063301 2235694 1827607 67985812 ALTERNATIVE INVESTMENTS 38997498 F 38997498 0 SPLIT INTEREST AGREEMENTS 323600 INTEREST RATE SWAP 173910 LINE OF CREDIT-CONSTRUCTION 2300000 2797510 X 29415352 -3695194 676000 257251 -2761943 32177295 4554899 4554899 36732194 30189932 676000 255633 931633 29258299 4554899 4554899 33813198 INTENDED USE OF ENDOWMENT FUNDS - PART V, LINE 4: INCOME FROM ENDOWMENT FUNDS AND BOARD-DESIGNATED FUNDS IS APPROPRIATED BASED ON AN APPROVAL PROCESS THROUGH THE BOARD OF TRUSTEES. SPECIFIC COMMITTEES RECOMMEND AMOUNTS TO BE DISBURSED FROM THE ACCUMULATED EARNINGS OF THE ENDOWMENT FUNDS, WHICH ARE THEN APPROVED FOR APPROPRIATION BY THE BOARD OF TRUSTEES. ENDOWMENT FUNDS DISBURSEMENTS ARE USED TO FURTHER THE EXEMPT EDUCATIONAL PURPOSES OF THE SCHOOL. FIN 48 (ASC 740) FOOTNOTE - PART X, LINE 2: INCOME TAXES - THE SCHOOL AND THE ASSOCIATION (A RELATED ORGANIZATION INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS) ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEY BELIEVE THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SCHOOL'S AND THE ASSOCIATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. OTHER CHANGES IN REVENUE - PART XI, LINE 2D: NET REVENUE OF UNIVERSITY SCHOOL ALUMNI ASSOCIATION WHICH WAS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS WITH UNIVERSITY SCHOOL: $257,251. OTHER CHANGES IN EXPENSES - PART XII, LINE 2D: NET EXPENSES OF UNIVERSITY SCHOOL ALUMNI ASSOCIATION WHICH WERE INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS WITH UNIVERSITY SCHOOL: $255,633. true true true true true true true false false false false false false false false true false true Publication of Racially Nondiscriminatory Policy - Part I, Line 3: The school's admission policies are published in five major newspapers each year in accordance with Rev. Proc. 75-50. AID FROM A GOVERNMENTAL AGENCY - PART I, LINE 6A: THE SCHOOL RECEIVES ALLOCATIONS FROM THE STATE OF OHIO UNDER THE AUXILIARY SERVICES PROGRAM, WHICH PROVIDES TEXTBOOKS, MATERIALS, REIMBURSEMENTS OF CERTAIN ADMINISTRATIVE COSTS, AND FOOD TO STUDENTS. North America Investments 1867450 Central America and the Caribbean Investments 3171952 Europe (Including Iceland and Greenland) Investments 3750000 8789402 8789402 true false true false true false true STUDENT FINANCIAL AID 254 4554899 Monitoring Use of Grant Funds - Part I, Line 2: UNIVERSITY SCHOOL GRANTS SCHOLARSHIPS ON AN AS-NEEDED BASIS WITHOUT REGARD TO RACE, RELIGION, OR CREED. ALL STUDENTS WHO PASS AN ENTRANCE EXAM ARE ELIGIBLE TO APPLY FOR FINANCIAL AID. APPLICATIONS ARE REVIEWED BY AN OUTSIDE AGENCY AND RECOMMENDATIONS ARE COMMUNICATED TO THE SCHOOL'S FINANCIAL AID COMMITTEE. THE COMMITTEE MEETS AND REVIEWS THE RECOMMENDATIONS AND AWARDS THE SCHOLARSHIPS ACCORDINGLY. X X X X false true X X X X false true false false false false false true false STEVE MURRAY HEADMASTER 336911 0 106424 0 0 0 26000 0 45131 0 514466 0 0 0 DAVID WRIGHT FINANCE DIRECTOR 181561 0 0 0 0 0 34005 0 16595 0 232161 0 0 0 WILLIAM O'NEIL ASSISTANT HEADMASTER 165481 0 0 0 0 0 17070 0 18781 0 201332 0 0 0 JONATHAN BRIDGE DIR.OF DEVELOPMENT 180139 0 16500 0 0 0 18605 0 40611 0 255855 0 0 0 BRUCE WILHELM HEAD OF SHAKER 153984 0 0 0 0 0 15825 0 64381 0 234190 0 0 0 GREG MALKIN DIRECTOR OF ENTREPRENEUR PROG. 115864 0 20383 0 0 0 11797 0 16261 0 164305 0 0 0 PETE DEVINE DIRECTOR OF FACILITIES 132266 0 12500 0 0 0 13200 0 17225 0 175191 0 0 0 BENEFITS PROVIDED TO CERTAIN EMPLOYEES - PART I, LINE 1A: TRAVEL FOR COMPANIONS: STEVE MURRAY'S WIFE RECEIVES REIMBURSEMENTS FOR TRAVEL EXPENSES FROM THE SCHOOL ONLY WHEN THERE IS A BUSINESS PURPOSE FOR HER ACCOMPANYING HER HUSBAND ON TRIPS. THESE REIMBURSEMENTS ARE NOT TREATED AS TAXABLE INCOME TO MR. MURRAY. HOUSING ALLOWANCE: THE SCHOOL PROVIDES A HOUSE ON CAMPUS TO STEVE MURRAY. MR. MURRAY IS REQUIRED TO LIVE ON CAMPUS AS PART OF HIS DUTIES AS HEADMASTER OF THE SCHOOL. NO TAXABLE COMPENSATION IS IMPUTED FOR THE USE OF THE HOUSE. SOCIAL CLUB DUES: THE SCHOOL PAYS COUNTRY CLUB DUES FOR STEVE MURRAY. MR. MURRAY USES THE CLUB FOR BUSINESS PURPOSES, AND NO TAXABLE INCOME IS IMPUTED FOR THIS BENEFIT. PERSONAL SERVICES: MAID SERVICE IS PROVIDED TO MR. MURRAY FOR THE SCHOOL-OWNED HOUSE IN WHICH HE RESIDES. NO TAXABLE INCOME IS IMPUTED FOR THIS BENEFIT. WRITTEN POLICY FOR PAYMENT OR REIMBURSEMENT - PART I, LINE 1B: WHILE THE SCHOOL DOES NOT HAVE A FORMAL WRITTEN POLICY FOR THE BENEFITS PROVIDED TO MR. MURRAY, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINED THE COMPENSATION AND BENEFITS PACKAGE. THE INDIVIDUALS ON THIS COMMITTEE ARE INDEPENDENT OF MR. MURRAY. ADDITIONAL INFORMATION REGARDING COMPENSATION - PART II: THE AMOUNT IN COLUMN B(II) FOR STEVE MURRAY CONSISTS OF AN EDUCATIONAL STIPEND OF $60,000 AND AN ADJUSTMENT FOR DEFERRED COMPENSATION OF $46,424. THESE COMPONENTS OF MR. MURRAY'S COMPENSATION WERE APPROVED BY THE BOARD OF TRUSTEES WHO ARE INDEPENDENT OF HIM. SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLAN - PART I, LINE 4B: THE SCHOOL SPONSORED A SECTION 457(f) PLAN FOR THE FINANCE DIRECTOR. CONTRIBUTIONS OF $15,000 FOR MR. WRIGHT (FINANCE DIRECTOR) WERE MADE TO THE PLAN DURING THIS FISCAL YEAR. A CUYAHOGA COUNTY ECONOMIC DEVELOPMENT REVENUE BONDS 340714720 2010-12-31 17000000 EDUCATIONAL FACILITIES false false false B CUYAHOGA COUNTY ECONOMIC DEVELOPMENT REVENUE BONDS 340714720 2012-11-01 15000000 EDUCATIONAL FACILITIES false false false A 0 0 17000000 0 0 0 127000 0 16873000 0 0 0 2012 true false true true B 14920114 0 15000000 0 0 0 79886 0 0 0 0 0 2012 true false true true A false false false false 0.00000 0.00000 0.00000 false false false false B false false false false 0.00000 0.00000 0.00000 false false false false A false true false false true true JP MORGAN CHASE 16. false false false 0 false true B false true false false false false 0 false 0 false true A false B false X 9 477925 FMV false false true USE OF THIRD PARTIES - PART I, LINE 32A: THE SCHOOL USES A SECURITIES BROKER TO SELL CERTAIN DONATED SECURITIES. THE FEES CHARGED BY THE BROKER ARE AT OR BELOW FAIR MARKET VALUE. FAMILY RELATIONSHIPS - FORM 990, PART VI, LINE 2: JAMES GRISWOLD AND JOHN GRISWOLD HAVE A FAMILY RELATIONSHIP. REVIEW OF FORM 990 - FORM 990, PART VI, LINE 11B: THE BOARD OF TRUSTEES HAS DELEGATED THE REVIEW OF FORM 990 TO THE FINANCE COMMITTEE. UPON COMPLETION OF THAT REVIEW, THE HIGHLIGHTS OF THE RETURN ARE REPORTED TO THE FULL BOARD. MONITORING AND ENFORCEMENT OF CONFLICT POLICY - FORM 990,PART VI,LINE 12C: THE SCHOOL'S CONFLICT OF INTEREST POLICY IS MAILED ANNUALLY TO TRUSTEES AND DISTRIBUTED AT BOARD MEETINGS. WHEN A CONFLICT ARISES, THE INDIVIDUAL IS NOT PERMITTED TO VOTE OR PARTICIPATE IN THE DISCUSSION OF THE TRANSACTION. PERSONS THAT ARE INDEPENDENT OF THE INDIVIDUAL WITH THE CONFLICT MAKE THE DECISION ABOUT THE TRANSACTION. THE DELIBERATIONS AND DECISION ARE DOCUMENTED IN THE MINUTES OF THE BOARD. COMPENSATION REVIEW AND APPROVAL - FORM 990, PART VI, LINE 15: THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THE HEADMASTER AND FINANCE DIRECTOR ANNUALLY. THE FINANCE DIRECTOR REVIEWS THE COMPENSATION OF THE EXECUTIVE STAFF. PERIODICALLY, COMPARABLE COMPENSATION DATA FROM OTHER SIMILAR SCHOOLS IS REVIEWED AND THE DATA IS USED IN DETERMINING THE COMPENSATION OF THE EXECUTIVE STAFF. THE MEMBERS OF THE BOARD ARE INDEPENDENT OF THE EXECUTIVE STAFF AND OTHER EMPLOYEES OF THE SCHOOL. AVAILABILITY OF DOCUMENTS - FORM 990, PART VI, LINE 19: THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PROVIDED TO GOVERNING BODY - FORM 990, PART VI, LINE 11A: THE SCHOOL HAS DISTRIBUTED FORM 990 TO THE FULL BOARD OF TRUSTEES WITH THE EXCEPTION OF DONOR INFORMATION ON SCHEDULE B. THE SCHOOL BELIEVES THAT DONOR INFORMATION IS CONFIDENTIAL. AS SUCH, WE ARE REQUIRED TO ANSWER "NO" TO THE QUESTION ON LINE 11A EVEN THOUGH A COPY OF FORM 990 (WITH REDACTED DONOR INFORMATION ON SCHEDULE B) WAS PROVIDED TO THE TRUSTEES. University School Alumni Association 20701 Brantley Road Shaker Heights OH 44122 346513026 Alum Relation OH 501(c)(3) 11A Univ School true false false true false false false false false false false false false false false false false false false false University School Alumni Association C 2653022 FMV