2015-04-29T08:42:54-05:00 2014-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2013-07-01 231352647 THE HILL SCHOOL HILL 6103261000 717 E HIGH ST POTTSTOWN PA 19464 ZACHARY G LEHMAN HEADMASTER 6103261000 2015-04-29 1 STACY CULLEN P00974308 2159798800 2015-04-29 2013 2016-02-25 16:41:14Z ZACHARY G LEHMAN 717 E HIGH ST POTTSTOWN PA 19464 56098801 0 X WWW.THEHILL.ORG X 1920 PA SECONDARY BOARDING/DAY EDUCATIONAL INSTITUTION 24 23 272 23 619895 -11568 9572513 17856565 24127949 24988117 3966708 5813975 180304 212015 37847474 48870672 5874170 6359264 0 0 14296576 14869351 32415 60000 2814244 13641194 14627129 33844355 35915744 4003119 12954928 197769926 232144051 40906834 43339936 156863092 188804115 X THE HILL SCHOOL PREPARES STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE WORLD FOR COLLEGE, CAREERS AND LIFE. WITHIN A FAMILY SCHOOL ENVIRONMENT AND A RIGOROUS LIBERAL ARTS CURRICULUM, WE CHALLENGE OUR YOUNG PEOPLE OT WORK HARD; THINK AND REASON; BE FULFILLED; SERVE THE COMMON GOOD; AND BE PREPARED TO LEAD AS CITIZENS OF THE WORLD, UNIQUELY GUIDED BY OUR MOTTO, "WHATSOEVER THINGS ARE TRUE." 0 0 26706127 6359264 24988117 THE HILL SCHOOL PROVIDES A CHALLENGING CURRICULUM TO ITS 515 STUDENTS EMPHASIZING CRITICAL THINKING AND WRITING. A TOTAL OF 27 ADVANCED PLACEMENT COURSES WERE OFFERED AS WELL AS AN ARRAY OF HONORS CLASSES AND INDEPENDENT STUDIES. HILL STUDENTS ARE ACTIVE IN ATHLETICS, THE ARTS, STUDENT-RUN ORGANIZATIONS AND COMMUNITY SERVICE. HILL STUDENTS ARE DRAWN FROM 29 STATES AND 24 FOREIGN COUNTRIES. THE TYPICAL CLASS SIZE IS 12-14 STUDENTS WITH A STUDENT/TEACHER RATIO OF 7:1. 26706127 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 1 137 0 1 272 1 1 1 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X DONALD SILVERSON 6103261000 THE HILL SCHOOL 717 E HIGH STREET POTTSTOWN PA 19464 THOMAS MCN MILLHISER CHAIRMAN 10.00 X X 0 0 0 PRESTON G ATHEY VICE CHAIRMAN 4.00 X X 0 0 0 JAMES L ALEXANDRE BOARD MEMBER 3.00 X 0 0 0 DOUGLAS J BOUQUARD III BOARD MEMBER 2.00 X 0 0 0 WALTER L BOYER BOARD MEMBER 2.00 X 0 0 0 JOHN M GVODAS JR BOARD MEMBER 2.00 X 0 0 0 D SCOTT DETAR JR BOARD MEMBER 2.00 X 0 0 0 DR H LANDIS GABEL BOARD MEMBER 2.00 X 0 0 0 KEITH B GEESLIN BOARD MEMBER 2.00 X 0 0 0 MICHELLE A GYVES BOARD MEMBER 2.00 X 0 0 0 PETER G HUMPHREY BOARD MEMBER 3.00 X 0 0 0 MICHAEL W HARRIS BOARD MEMBER 2.00 X 0 0 0 DAVID LEINBACH BOARD MEMBER 2.00 X 0 0 0 JEANNE MCANANEY BOARD MEMBER 2.00 X 0 0 0 JAMES P O'MEALIA BOARD MEMBER 2.00 X 0 0 0 SUNG-BIN PARK BOARD MEMBER 2.00 X 0 0 0 JOHN PFLIEGER JR BOARD MEMBER 2.00 X 0 0 0 GEOFFREY A RICHARDS BOARD MEMBER 2.00 X 0 0 0 ELIZABETH B RUFE BOARD MEMBER 2.00 X 0 0 0 ANDREW D SOUSSLOFF BOARD MEMBER 2.00 X 0 0 0 JASON W INGLE BOARD MEMBER 2.00 X 0 0 0 SCOTT C WILSON BOARD MEMBER 3.00 X 0 0 0 DANIEL W WHALEN BOARD MEMBER 2.00 X 0 0 0 HANS S MAENTZ BOARD MEMBER 2.00 X 0 0 0 DONALD D SILVERSON TREASURER & CFO 40.00 X 190731 0 71218 ZACHARY LEHMAN HEADMASTER 40.00 X 230940 0 96138 THOMAS ECCLESTON IV ASST. HEADMASTER FOR ENROL 40.00 X 113794 0 64464 CHRISTIAN P SOCKEL DIRECTOR CAPITAL GIVING 40.00 X 153723 0 22833 CRAIG C ALLEN DIRECTOR COLLEGE ADVISING 40.00 X 107578 0 86618 RYKMAN WALBRIDGE FORMER FACULTY MEMBER 40.00 X 101188 0 55193 897954 0 396464 6 1 1 0 SCHLOUCH INC CONSTRUCTION 132 EXCELSIOR DRIVE BLANDON PA 19510 CONSTRUCTION 4160513 WHOLSEN CONSTRUCTION COMPANY PO BOX 4612 LANCASTER PA 17604 CONSTRUCTION 4066972 SODEXO PO BOX 360170 PITTSBURGH PA 15219 FOOD SERVICE 1980291 MOONLIGHT OFFICE CLEANERS 1289 LAURELWOOD ROAD POTTSTOWN PA 19465 CLEANING SERVICE 462722 CLAUDE A REINHART 271 DIAMOND STREET POTTSTOWN PA 19464 PAINTING CONTRACTOR 303389 11 17856565 7528575 17856565 TUITION AND FEES 611600 24368222 24368222 SUMMER ATHLETIC CAMPS 713990 426130 426130 USE OF FACILITIES 713990 193765 193765 24988117 1154060 1154060 11738020 7078105 4659915 4659915 4659915 130521 150024 -19503 -19503 MISCELLANEOUS INCOME 900099 150329 150329 STUDENT BUS TRIPS 900099 75452 75452 VENDING INCOME 900099 5737 5737 231518 48870672 24580237 619895 5813975 6250 6250 6353014 6353014 638050 88985 460081 88984 10860461 7239077 2498487 1122897 927855 625467 205616 96772 1660959 1137544 355356 168059 782026 504670 195380 81976 46543 46543 29817 29817 60000 60000 435756 435756 125749 112442 13307 35841 174 35667 743197 463937 279260 101016 101016 1435077 1211617 203154 20306 354142 115169 238973 1379966 1235069 124197 20700 2742854 2454854 246857 41143 504500 504500 FOOD SERVICE 1679381 1679381 INSTRUCTIONAL 1638270 1638270 REPAIRS & MAINTENANCE 1202569 1076299 108231 18039 AUTO-GROUNDS-HOUSEKEEPI 739976 662278 66598 11100 1432475 793352 223078 416045 35915744 26706127 6395373 2814244 162895 64626 8522840 13824983 4486256 3850117 137589 231863 366 0 112261 105644 435750 233493 81561979 21719953 53082746 59842026 79524472 93977621 50081279 58845200 1223472 1168478 197769926 232144051 3855020 3756897 275005 265104 32778580 34778580 3998229 4539355 40906834 43339936 X 59179093 67772171 56151267 68255590 41532732 52776354 156863092 188804115 197769926 232144051 X 12954928 18812439 173656 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 128254123 11370799 24582248 1210635 4342806 158653729 119157555 836356 13954741 1296885 4397644 128254123 120353719 4761258 -423077 1266907 4267438 119157555 100279696 2577432 23506521 1392339 4617321 120353989 91228034 2512965 13738890 1526966 5673227 100279696 0.28080 0.32960 0.38960 0 0 1181966 1181966 68480928 19474638 49006290 6294970 719781 5575189 3566687 1525534 2041153 2037428 2037428 59842026 PRIVATE EQUITY AND REAL ESTATE PARTNERSHIPS 58845200 F 58845200 DEFERRED BOND PREMIUM 828698 DEPOSITS AND ADVANCED TUITION 3353012 CAPITAL LEASE OBLIGATION 357645 4539355 X 61044365 18812439 150024 18962463 42081902 435756 6353014 6788770 48870672 29276998 150024 150024 29126974 435756 6353014 6788770 35915744 PART III, LINE 4: THE SCHOOL MAINTAINS THREE COLLECTIONS; N.C. WYETH PAINTINGS, DUCK STAMPS AND AUDUBON PRINTS. THESE ARE ALL DISPLAYED FOR THE EDUCATION OF OUR STUDENTS. THE WYETH PAINTINGS DEPICT HISTORICAL BATTLES THAT SHAPED U.S. HISTORY. THE DUCK STAMPS AND AUDUBON PRINTS ARE VISUAL AIDS FOR THE STUDENTS STUDYING BIRDS. PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (JUNE 30, 2011 - JUNE 30, 2013) OR EXPECTED TO BE TAKEN IN THE SCHOOL'S TAX RETURN FOR THE YEAR ENDED JUNE 30, 2014 AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 150,024. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,353,014. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 150,024. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,353,014. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 IN 2013-2014, THE HILL SCHOOL'S STUDENT BODY OF 397 BOARDING STUDENTS AND 109 DAY STUDENTS WAS DRAWN FROM 29 STATES, AND 24 FOREIGN COUNTRIES. THE SCHOOL HAS ALWAYS HAD A NON-DISCRIMINATORY POLICY, WHICH HAS BEEN APPROVED BY THE BOARD OF TRUSTEES, AND THIS POLICY IS STATED IN ALL OF THE MAJOR SCHOOL PUBLICATIONS. THE STUDENT BODY CONSISTS OF AFRICAN-AMERICANS AND OTHER STUDENTS FROM RACIAL MINORITY GROUPS AS WELL AS NATIVE STUDENTS FROM AUSTRALIA, BOTSWANA, CANADA, CHINA, ENGLAND, HONG KONG, JAPAN, MEXICO, POLAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SPAIN, SWEDEN, THAILAND, TURKEY AND VIETNAM. X X X X 1 PLUS DELTA PARTNERS 6965 EL CAMINO REAL STE 105-488 CARLSBAD CA 92009 CONSULTANTS 0 0 60000 -60000 60000 -60000 1 POTTSTOWN AREA INDUSTRIAL DEVELOPMENT CORPORATION 152 E HIGH STREET SUITE 360 POTTSTOWN PA 19464 231878840 501(C)(3) 6250 PAYMENTS IN LIEU OF TAXES 1 0 FINANCIAL AID 203 6353014 PART I, LINE 2: THE FINANCIAL AID COMMITTEE REVIEWS APPLICATIONS FOR AID SUBMITTED THROUGH SSS OF PRINCETON, COPIES OF PARENT'S FEDERAL TAX RETURNS AND ANY OTHER INFORMATION OFFERED BY THE APPLICANTS. ALL RECORDS ARE MAINTAINED BY THE DIRECTOR OF FINANCIAL AID. AID IS AWARDED BASED ON THE NEED AS DETERMINED BY THE SSS CALCULATIONS. ALL FINANCIAL AID THAT IS AWARDED IS CREDITED TO THE TUITION BILLING FOR THE STUDENT. ALL AID IS USED TO REDUCE THE TUITION PAYABLE. X X 0 0 X X 0 0 0 0 0 0 0 0 0 DONALD D SILVERSON TREASURER & CFO 160292 0 0 0 30439 0 24695 0 46523 0 261949 0 0 0 ZACHARY LEHMAN HEADMASTER 201333 0 0 0 29607 0 20522 0 75616 0 327078 0 0 0 THOMAS ECCLESTON IV ASST. HEADMASTER FOR ENROL 102402 0 0 0 11392 0 16192 0 48272 0 178258 0 0 0 CHRISTIAN P SOCKEL DIRECTOR CAPITAL GIVING 132970 0 0 0 20753 0 13911 0 8922 0 176556 0 0 0 CRAIG C ALLEN DIRECTOR COLLEGE ADVISING 93455 0 0 0 14123 0 15910 0 70708 0 194196 0 0 0 RYKMAN WALBRIDGE FORMER FACULTY MEMBER 77355 0 0 0 23833 0 14714 0 40479 0 156381 0 0 0 SCHEDULE J, PART I, LINE 1A THE SCHOOL'S FACULTY ARE REQUIRED TO ACCEPT THE HOUSING PROVIDED AS A CONDITION OF THEIR EMPLOYMENT. ALL TEACHING AND THE MAJORITY OF THE ADMINISTRATIVE FACULTY RECEIVE THIS BENEFIT. ALL OF THE EMPLOYEES LISTED ON SCHEDULE J RECEIVE THIS HOUSING BENEFIT. NONE OF THIS BENEFIT IS CONSIDERED TAXABLE INCOME TO THE EMPLOYEES. A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 2005-06-16 20845000 ADVANCED REFUNDING 0 0 0 B MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY 232447147 2011-06-01 4933580 CURRENT REFUNDING 0 0 0 C POTTSTOWN BOROUGH AUTHORITY 232475279 738287AA9 2013-05-01 7000000 CURRENT REFUNDING 0 0 0 A 22307442 597688 21709754 0 1 1 1 B 4933580 4933580 1 0 1 1 C 7000000 7000000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 1 0 0 0 0 C 0 0 1 0 1 0 0 0 0 A 1 B 1 C 1 JAY BERMAN BOARD MEMBER 14802 SERVED AS VICE PRESIDENT OF EXPRESS DATA SYSTEMS, THE COMPANY THAT HANDLES THE SCHOOL'S PAYROLL PROCESSING. MR. BERMAN'S DAUGHTER IS THE PRESIDENT OF THE COMPANY. 0 X 92 7528575 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE SCHOOL UTILIZES THE SERVICES OF A DISCOUNT BROKER TO SELL ALL SECURITIES RECEIVED. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM AND THEN IS REVIEWED BY THE OFFICERS. IT IS THEN GIVEN TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ASSISTANT SECRETARY SENDS A SURVEY TO ALL SENIOR STAFF AND TRUSTEES EVERY MAY. SHE IS RESPONSIBLE FOR MAKING SURE ALL REQUIRED PERSONS RETURN THE SURVEY. ALL POTENTIAL CONFLICTS NOTED IN THE SURVEY RESPONSES ARE THEN FORWARDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. ANY INTERESTED TRUSTEE WILL RECUSE HIM/HERSELF WHEN CASES ARE BROUGHT TO THE ENTIRE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL COLLECTS SALARY INFORMATION FROM A GROUP OF 40 BOARDING SCHOOLS FOR ALL KEY EMPLOYEE POSITIONS. THIS INFORMATION IS REVIEWED BY A COMMITTEE OF THE BOARD OF TRUSTEES FOR SETTING THE HEADMASTER'S SALARY. THE HEADMASTER USES THIS INFORMATION IN SETTING THE SALARIES FOR THE REST OF THE SCHOOL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: ACTUARIAL GAIN ON ANNUITY OBLIGATIONS AND LIFE INCOME FUNDS 173,656. FORM 990, PART XI, LINE 2C THE PROCESS BY WHICH THE ORGANIZATION APPOINTS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.