PHILLIPS EXETER ACADEMY: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: PHILLIPS EXETER ACADEMY (EIN 02-0222174)
Tax period: 2013-07-01 to 2014-06-30
Filed: 2015-05-12
IRS object ID: 201501329349301705
Schema version: 2013v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-05-12T09:47:35-05:00	ReturnTs
Tax Period End	2014-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PricewaterhouseCoopers LLP	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	125 High Street	AddressLine1
City	Boston	City
State	MA	State
ZIP Code	02110	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2013-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	020222174	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PHILLIPS EXETER ACADEMY	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of	% MERRIL A DWYER	InCareOfNm
Business Name Control	PHIL	BusinessNameControlTxt
Phone	6037724311	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	20 MAIN STREET	AddressLine1
Address Line2	Suite	AddressLine2
City	EXETER	City
State	NH	State
ZIP Code	038332460	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DAVID HANSON	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	6037724311	PhoneNum
Signature	2015-05-11	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Erin Couture	PreparerPersonNm
PTIN	P01390592	PTIN
Phone	6037724311	PhoneNum

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	THOMAS E HASSAN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	20 MAIN STREET	AddressLine1
City	EXETER	City
State	NH	State
ZIP Code	038332460	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	$462,776,938	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.EXETER.EDU	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1781	FormationYr
Legal Domicile State	NH	LegalDomicileStateCd
Activity Or Mission	SEE SCHEDULE O.	ActivityOrMissionDesc
Voting Members Governing Body	20	VotingMembersGoverningBodyCnt
Voting Members Independent	18	VotingMembersIndependentCnt
Total Employee	1288	TotalEmployeeCnt
Total Volunteers	4445	TotalVolunteersCnt
Total Gross UBI	$3,452,277	TotalGrossUBIAmt
PY Contributions Grants	$15,765,028	PYContributionsGrantsAmt
CY Contributions Grants	$23,904,289	CYContributionsGrantsAmt
PY Program Service Revenue	$53,646,504	PYProgramServiceRevenueAmt
CY Program Service Revenue	$56,318,515	CYProgramServiceRevenueAmt
PY Investment Income	$74,378,626	PYInvestmentIncomeAmt
CY Investment Income	$88,517,005	CYInvestmentIncomeAmt
PY Other Revenue	$1,108,785	PYOtherRevenueAmt
CY Other Revenue	$1,257,378	CYOtherRevenueAmt
PY Total Revenue	$144,898,943	PYTotalRevenueAmt
CY Total Revenue	$169,997,187	CYTotalRevenueAmt
PY Grants And Similar Paid	$20,272,738	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$21,042,497	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$49,322,875	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$51,593,485	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$5,302,249	CYTotalFundraisingExpenseAmt
PY Other Expenses	$32,642,944	PYOtherExpensesAmt
CY Other Expenses	$36,148,274	CYOtherExpensesAmt
PY Total Expenses	$102,238,557	PYTotalExpensesAmt
CY Total Expenses	$108,784,256	CYTotalExpensesAmt
PY Revenues Less Expenses	$42,660,386	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$61,212,931	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,399,135,646	TotalAssetsBOYAmt
Total Assets EOY	$1,511,337,203	TotalAssetsEOYAmt
Total Liabilities BOY	$132,869,389	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$140,939,420	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,266,266,257	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,370,397,783	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	SEE SCHEDULE O.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$88,471,207	ExpenseAmt
Grant	$19,605,872	GrantAmt
Revenue	$49,507,318	RevenueAmt
Desc	SEE SCHEDULE O.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$6,050,609	ExpenseAmt
Grant	$1,436,625	GrantAmt
Revenue	$6,799,739	RevenueAmt
Desc	SEE SCHEDULE O.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$1,595,350	ExpenseAmt
Revenue	$744,388	RevenueAmt
Desc	AUXILIARY ENTERPRISES INCLUDE STUDENT GRILL AND GYMSTORE WHICH SERVE STUDENTS DURING BOTH SUMMER AND REGULAR SESSIONS.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$96,117,166	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Temp Or Permanent Endowments	Yes (true)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (true)	TaxExemptBondsInd
Invest Tax Exempt Bonds	false	InvestTaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	Yes (true)	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (true)	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	false	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (true)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	595	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	1288	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	20	GoverningBodyVotingMembersCnt
Independent Voting Member	18	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OK	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	MERRIL A DWYER	PersonNm
Phone	6037773436	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	20 MAIN STREET	AddressLine1
City	EXETER	City
State	NH	State
ZIP Code	038332460	ZIPCode

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	Yes (X)	InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
WOLE CCOAXUM
TRUSTEE	2.0	Yes (X)
FLOBELLE BURDEN DAVIS
TRUSTEE	2.0	Yes (X)
MARC CHOPIN DE LA BRUYERE
TRUSTEE	2.0	Yes (X)
WALTER C DONOVAN
TRUSTEE	2.0	Yes (X)
JOHN ADOWNER
TRUSTEE	2.0	Yes (X)
MARK A EDWARDS
TRUSTEE	2.0	Yes (X)
DAVID R HORN
TRUSTEE	2.0	Yes (X)
G THOMPSON HUTTON
PRESIDENT/TRUSTEE	2.0	Yes (X)
EUNICE JOHNSON PANETTA
VICE PRESIDENT/TRUSTEE	2.0	Yes (X)
WILLIAM K RAWSON
TRUSTEE	2.0	Yes (X)
NINA D RUSSELL MD
TRUSTEE	2.0	Yes (X)
J DOUGLAS SMITH
TRUSTEE	2.0	Yes (X)
REMY WHITE TRAFELET
TRUSTEE	2.0	Yes (X)
THOMAS E HASSAN
PRINCIPAL	38.0	Yes (X)	Yes (X)	$361,922	$0	$134,377
JENNIFER P HOLLERAN
TRUSTEE	2.0	Yes (X)
DELLA SPRING
TRUSTEE	2.0	Yes (X)
MORGAN C SZE
TRUSTEE	2.0	Yes (X)
JONATHAN W GALASSI
TRUSTEE	2.0	Yes (X)
DAVID E GOEL
TRUSTEE	2.0	Yes (X)
KERRY LANDRETH REED
TRUSTEE	2.0	Yes (X)
JUSTIN MERRILL
INTERIM CFO 7/1/13 to 1/21/14	38.0		Yes (X)	$157,944	$0	$33,329
DAVID W HANSON
CFO as of 1/21/14	38.0		Yes (X)
EDWARD W PROBERT
DIR INSTITUTIONAL ADVANCEMENT	38.0			$233,344	$0	$49,562	Yes (X)
ROGER WAKEMAN
DIR. FACILITIES MANAGEMENT	38.0			$177,843	$0	$39,625	Yes (X)
DIANE FANDRICH
DIR. OF INFORMATION TECHNOLOGY	38.0			$155,953	$0	$19,238	Yes (X)
RONALD P SUDUIKO
DIRECTOR OF MAJOR GIFTS	38.0			$173,621	$0	$56,260	Yes (X)
RONALD KIM
DEAN OF FACULTY	38.0			$151,521	$0	$78,744	Yes (X)
CHRISTOPHER V WEJCHERT
FORMER CFO Until 6/30/2013	38.0			$126,193	$0	$26,902		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,538,341	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$438,037	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	41	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1	CityContractorAddress/USAddress/City	StateContractorAddress/USAddress/State	ZIP CodeContractorAddress/USAddress/ZIPCode	ServicesServicesDesc	CompensationCompensationAmt
HARVEY CONSTRUCTION COMPANY
10 HARVEY ROAD	BEDFORD	NH	03110	CONTRACT SERVICES	$2,426,473
WINDOVER CONSTRUCTION
13 ELM STREET	MANCHESTER	NH	03101	CONTRACT SERVICES	$2,636,398
CUTLER ASSOCIATES
43 HARVARD STREET	WINCHESTER	MA	01615	CONTRACT SERVICES	$1,470,008
HINTZHOLMAN ROBILLARD
400 CONNELL DRIVE	BERKLEY HEIGHTS	NJ	07922	INVESTMENT SERVICES	$1,248,259
MCLANEGRAFRAULERSON MIDDLETON
900 ELM STREET	MANCHESTER	NH	03101	LEGAL SERVICES	$352,845

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	21	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$23,904,289	AllOtherContributionsAmt
Noncash Contributions	$6,166,756	NoncashContributionsAmt
Total Contributions	$23,904,289	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
STUDENT TUITION & FEES	611710	$48,774,388	$48,774,388
AUX. & SUMMER PROGRAMS	611710	$7,544,127	$7,544,127

Field	Value	IRS element (for citing)
Total Program Service Revenue	$56,318,515	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,828,300	TotalRevenueColumnAmt
Unrelated Business Revenue	$3,299,339	UnrelatedBusinessRevenueAmt
Exclusion	$4,528,961	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$513,156	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$513,156	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$513,156	TotalRevenueColumnAmt
Related Or Exempt Func Income	$360,218	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$152,938	UnrelatedBusinessRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$373,146,366	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$292,457,661	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$80,688,705	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$80,688,705	TotalRevenueColumnAmt
Exclusion	$80,688,705	ExclusionAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$544,244	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$322,090	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$222,154	TotalRevenueColumnAmt
Exclusion	$222,154	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
APPLICATION FEES	611710	$105,733	$105,733
BOOKSTORE COMMISSIONS	611710	$149,356		$149,356
TUITION REFUND INSURANCE	611710	$109,037	$109,037

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$157,942	TotalRevenueColumnAmt
Related Or Exempt Func Income	$157,942	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$522,068	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$169,997,187	TotalRevenueColumnAmt
Related Or Exempt Func Income	$57,051,445	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$3,452,277	UnrelatedBusinessRevenueAmt
Exclusion	$85,589,176	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$21,042,497	TotalAmt
Program Services	$21,042,497	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$767,744	TotalAmt
Program Services	$251,211	ProgramServicesAmt
Management And General	$432,796	ManagementAndGeneralAmt
Fundraising	$83,737	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$144,497	TotalAmt
Program Services	$144,497	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$37,213,328	TotalAmt
Program Services	$32,375,801	ProgramServicesAmt
Management And General	$1,673,315	ManagementAndGeneralAmt
Fundraising	$3,164,212	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$4,229,451	TotalAmt
Program Services	$3,770,278	ProgramServicesAmt
Management And General	$137,098	ManagementAndGeneralAmt
Fundraising	$322,075	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$6,505,656	TotalAmt
Program Services	$5,885,494	ProgramServicesAmt
Management And General	$229,341	ManagementAndGeneralAmt
Fundraising	$390,821	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$2,732,809	TotalAmt
Program Services	$2,377,559	ProgramServicesAmt
Management And General	$122,882	ManagementAndGeneralAmt
Fundraising	$232,368	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$477,565	TotalAmt
Management And General	$477,565	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$283,648	TotalAmt
Management And General	$283,648	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$1,821,806	TotalAmt
Management And General	$1,821,806	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$2,078,144	TotalAmt
Program Services	$1,727,317	ProgramServicesAmt
Management And General	$177,289	ManagementAndGeneralAmt
Fundraising	$173,538	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$290,057	TotalAmt
Program Services	$253,591	ProgramServicesAmt
Management And General	$19,547	ManagementAndGeneralAmt
Fundraising	$16,919	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,570,704	TotalAmt
Program Services	$1,355,007	ProgramServicesAmt
Management And General	$39,849	ManagementAndGeneralAmt
Fundraising	$175,848	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$944,464	TotalAmt
Program Services	$833,395	ProgramServicesAmt
Management And General	$65,357	ManagementAndGeneralAmt
Fundraising	$45,712	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$5,153,119	TotalAmt
Program Services	$4,206,156	ProgramServicesAmt
Management And General	$889,703	ManagementAndGeneralAmt
Fundraising	$57,260	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$1,095,999	TotalAmt
Program Services	$770,193	ProgramServicesAmt
Management And General	$23,748	ManagementAndGeneralAmt
Fundraising	$302,058	FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$737,590	TotalAmt
Program Services	$536,908	ProgramServicesAmt
Management And General	$127,844	ManagementAndGeneralAmt
Fundraising	$72,838	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,805,165	TotalAmt
Program Services	$1,745,602	ProgramServicesAmt
Management And General	$37,366	ManagementAndGeneralAmt
Fundraising	$22,197	FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$9,833,736	TotalAmt
Program Services	$9,489,977	ProgramServicesAmt
Management And General	$215,654	ManagementAndGeneralAmt
Fundraising	$128,105	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$1,080,325	TotalAmt
Program Services	$734,711	ProgramServicesAmt
Management And General	$304,919	ManagementAndGeneralAmt
Fundraising	$40,695	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
STUDENT RELATED EXPENSES	$3,153,223	$3,029,479	$123,744
FOOD/PROVISIONS	$1,998,157	$1,998,157
PLANT RELATED ACTIVITIES	$3,503,949	$3,381,461	$76,842	$45,646
MISCELLANEOUS EXPENSES	$221,102	$152,641	$58,887	$9,574

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$99,521	TotalAmt
Program Services	$55,234	ProgramServicesAmt
Management And General	$25,641	ManagementAndGeneralAmt
Fundraising	$18,646	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$108,784,256	TotalAmt
Program Services	$96,117,166	ProgramServicesAmt
Management And General	$7,364,841	ManagementAndGeneralAmt
Fundraising	$5,302,249	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$8,453,564	BOYAmt
EOY	$6,506,256	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$84,552,048	BOYAmt
EOY	$116,482,386	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$37,316,228	BOYAmt
EOY	$5,064,212	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$466,742	BOYAmt
EOY	$580,296	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$285,153	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$4,137	BOYAmt
EOY	$0	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$218,169	BOYAmt
EOY	$218,060	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,747,072	BOYAmt
EOY	$2,492,734	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$331,486,014	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$114,949,863	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$209,083,610	BOYAmt
EOY	$216,536,151	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$193,641,690	BOYAmt
EOY	$207,660,590	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$803,957,571	BOYAmt
EOY	$892,020,004	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$58,694,815	BOYAmt
EOY	$63,491,361	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,399,135,646	BOYAmt
EOY	$1,511,337,203	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$5,583,856	BOYAmt
EOY	$5,926,620	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$19,607,783	BOYAmt
EOY	$18,696,554	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$50,000,000	BOYAmt
EOY	$50,000,000	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$57,677,750	BOYAmt
EOY	$66,316,246	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$132,869,389	BOYAmt
EOY	$140,939,420	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$300,433,439	BOYAmt
EOY	$328,654,824	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$634,726,142	BOYAmt
EOY	$732,990,305	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$331,106,676	BOYAmt
EOY	$308,752,654	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,266,266,257	BOYAmt
EOY	$1,370,397,783	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,399,135,646	BOYAmt
EOY	$1,511,337,203	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$61,212,931	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$82,153,964	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$39,235,369	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$12,735,963	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$28,177,981	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$21,446,108	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$15,765,028	CurrentTaxYearMinus1YearAmt
Current Tax Year	$23,904,289	CurrentTaxYearAmt
Total	$102,029,369	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$12,735,963	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$28,177,981	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$21,446,108	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$15,765,028	CurrentTaxYearMinus1YearAmt
Current Tax Year	$23,904,289	CurrentTaxYearAmt
Total	$102,029,369	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$10,980,453	SubstantialContributorsTotAmt
Public Support Total170	$91,048,916	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,893,325	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,770,583	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$6,823,167	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$8,259,050	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,889,179	CurrentTaxYearAmt
Total	$27,635,304	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$772,512	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$616,281	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$686,382	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$681,670	CurrentTaxYearMinus1YearAmt
Current Tax Year	$693,600	CurrentTaxYearAmt
Total	$3,450,445	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$133,115,118	TotalSupportAmt
Gross Receipts Rltd Activities	$258,447,481	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.68399	PublicSupportCY170Pct
Public Support PY170	0.00000	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part IV Form990ScheduleAPartIVGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10	FormAndLineReferenceDesc
Explanation	OTHER INCOME 2009 2010 2011 2012 2013 TOTAL ____ ____ ____ ____ ____ ______ $772,512 $616,281 $686,382 $681,670 $693,600 $3,450,445	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Total Grassroots Lobbying		TotalGrassrootsLobbyingGrp
Total Direct Lobbying		TotalDirectLobbyingGrp
Total Lobbying Expend		TotalLobbyingExpendGrp
Other Exempt Purpose Expend		OtherExemptPurposeExpendGrp
Total Exempt Purpose Expend		TotalExemptPurposeExpendGrp
Lobbying Nontaxable Amount		LobbyingNontaxableAmountGrp
Grassroots Nontaxable		GrassrootsNontaxableGrp
Tot Lbbyng Grassroot Mns Non Tx		TotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non Tx		TotLbbyExpendMnsLbbyngNonTxGrp
Volunteers	false	VolunteersInd
Paid Staff Or Management	false	PaidStaffOrManagementInd
Media Advertisements	false	MediaAdvertisementsInd
Mailings Members	false	MailingsMembersInd
Publications Or Broadcast	false	PublicationsOrBroadcastInd
Grants Other Organizations	false	GrantsOtherOrganizationsInd
Direct Contact Legislators	false	DirectContactLegislatorsInd
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	Yes (true)	OtherActivitiesInd
Other Activities	$104,861	OtherActivitiesAmt
Total Lobbying Expenditures	$104,861	TotalLobbyingExpendituresAmt
Not Described Section501c3	false	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	LOBBYING ACTIVITIES	FormAndLineReferenceDesc
Explanation	SCHEDULE C, PART II-B, LINE 1i PHILLIPS EXETER ACADEMY IS A MEMBER OF THE ASSOCIATION OF BOARDING SCHOOLS, EIGHT SCHOOL ASSOCIATION, AISNE, A BETTER CHANCE, CSEE, CASE, ISANNE, COLLEGE BOARD, SCHOOL NUTRITION ASSOCIATION, NACUBO, NACUFS, NAFSA, AMERICAN PSYCHOLOGICAL ASSOCIATION, ABOPS, AMERICAN ACADEMY OF PEDIATRICS, EXETER AREA CHAMBER OF COMMERCE, THE STEPPINGSTONE FOUNDATION, NBOA, SCHOOL YEAR ABROAD, MOTION PICTURE LICENSING CORP, NACAC, THE SURVEY GROUP, NAIS, TABS AND NEASC. THESE ORGANIZATIONS MAY USE A PORTION OF MEMBERSHIP DUES TO LOBBY ON BEHALF OF THEIR MEMBERS. TOTAL MEMBERSHIP DUES PAID BETWEEN 7/1/13 AND 6/30/14 WAS $104,861. THE PORTION OF MEMBERSHIP DUES ALLOCATED TO LOBBYING ACTIVITIES BY THESE ORGANIZATIONS IS NOT DETERMINABLE.	ExplanationTxt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amounts		ArtPublicExhibitionAmountsGrp
Held Works Art		HeldWorksArtGrp
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Coll Used Scholarly Rsrch	Yes (X)	CollUsedScholarlyRsrchInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Solicited Assets Sale	false	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,128,897,000	BeginningYearBalanceAmt
Contributions	-$25,828,490	ContributionsAmt
Investment Earnings Or Losses	$168,716,676	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$16,794,997	GrantsOrScholarshipsAmt
Other Expenditures	$32,010,716	OtherExpendituresAmt
Administrative Expenses	$265,848	AdministrativeExpensesAmt
End Year Balance	$1,222,713,625	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,037,463,274	BeginningYearBalanceAmt
Contributions	$120,095	ContributionsAmt
Investment Earnings Or Losses	$137,918,010	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$16,834,059	GrantsOrScholarshipsAmt
Other Expenditures	$29,506,147	OtherExpendituresAmt
Administrative Expenses	$264,173	AdministrativeExpensesAmt
End Year Balance	$1,128,897,000	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,048,980,009	BeginningYearBalanceAmt
Contributions	$6,864,697	ContributionsAmt
Investment Earnings Or Losses	$24,059,288	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$15,949,758	GrantsOrScholarshipsAmt
Other Expenditures	$26,234,480	OtherExpendituresAmt
Administrative Expenses	$256,482	AdministrativeExpensesAmt
End Year Balance	$1,037,463,274	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$936,598,421	BeginningYearBalanceAmt
Contributions	$12,798,975	ContributionsAmt
Investment Earnings Or Losses	$137,016,912	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$14,835,919	GrantsOrScholarshipsAmt
Other Expenditures	$22,350,028	OtherExpendituresAmt
Administrative Expenses	$248,352	AdministrativeExpensesAmt
End Year Balance	$1,048,980,009	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$916,995,589	BeginningYearBalanceAmt
Contributions	$3,911,704	ContributionsAmt
Investment Earnings Or Losses	$55,273,508	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$14,616,377	GrantsOrScholarshipsAmt
Other Expenditures	$24,731,868	OtherExpendituresAmt
Administrative Expenses	$234,135	AdministrativeExpensesAmt
End Year Balance	$936,598,421	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.16000	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.25000	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.59000	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	Yes (true)	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,591,495	OtherCostOrOtherBasisAmt
Book Value	$3,591,495	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$307,553,899	OtherCostOrOtherBasisAmt
Depreciation	$104,213,111	DepreciationAmt
Book Value	$203,340,788	BookValueAmt

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovementsGrp

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$15,046,143	OtherCostOrOtherBasisAmt
Depreciation	$10,736,752	DepreciationAmt
Book Value	$4,309,391	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,294,477	OtherCostOrOtherBasisAmt
Book Value	$5,294,477	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$216,536,151	TotalBookValueLandBuildingsAmt
Financial Derivatives		FinancialDerivativesGrp
Closely Held Equity Interests		CloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (4 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
GLOBAL EQUITIES	$171,652,516	F
ABSOLUTE RETURN & LONG /SHORT	$453,400,523	F
PRIVATE EQUITY & REAL ESTATE	$260,023,796	F
OTHER	$6,943,169	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$892,020,004	TotalBookValueSecuritiesAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
ANNUITIES & DEFERRED GIVING AR	$32,387,249
ASSET RETIREMENT OBLIGATION	$3,404,139
BOND INTEREST RATE SWAP	$10,965,306
STUDENT ORGANIZATION FUNDS	$120,863
PENSION & OTHR EMPLYMNT RLTD	$19,438,689

Field	Value	IRS element (for citing)
Total Liability	$66,316,246	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$250,424,525	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$82,153,964	NetUnrealizedGainsInvstAmt
Other Revenue	$1,621,039	OtherRevenueAmt
Revenue Not Reported	$83,775,003	RevenueNotReportedAmt
Revenue Subtotal	$166,649,522	RevenueSubtotalAmt
Investment Expenses Not Incld	$1,953,745	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$1,393,920	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$3,347,665	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$169,997,187	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$113,967,920	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$8,209,234	OtherExpensesIncludedAmt
Expenses Not Reported	$8,209,234	ExpensesNotReportedAmt
Expenses Subtotal	$105,758,686	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$1,953,745	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$1,071,825	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$3,025,570	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$108,784,256	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE D - SUPPLEMENTAL INFORMATION	FORM 990, SCHEDULE D, PART III, LINE 1A THE ACADEMY'S COLLECTIONS INCLUDE WORKS OF ART, LITERARY WORKS, HISTORICAL TREASURES, AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND FURTHERANCE OF PUBLIC SERVICE. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ACADEMY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION.
FORM 990, SCHEDULE D, PART III, LINE 4	THE ACADEMY HAS BOOKS, PAINTINGS AND OTHER ITEMS WITH HISTORICAL SIGNIFICANCE THAT ARE HELD FOR STUDY AND OBSERVATION BY OUR STUDENTS AND FACULTY. THESE OBJECTS ARE PRESERVED SO THAT THEY MAY PROVIDE EDUCATIONAL EXPERIENCE TO FUTURE GENERATIONS OF STUDENTS AND ADULTS IN THE CAMPUS COMMUNITY.
FORM 990, SCHEDULE D, PART V, LINE 4	PHILLIPS EXETER ACADEMY'S ENDOWED FUNDS ARE INVESTED INTO PERPETUITY AND THE INCOME IS USED TO FUND ACADEMY PROGRAMS. THE FUNDS ARE INVESTED FOR LONG TERM GROWTH SO THAT CURRENT AND FUTURE GENERATIONS OF STUDENTS WILL RECEIVE BENEFIT FROM THE FUNDS.
FORM 990, SCHEDULE D, PART X - FIN 48	THE ACADEMY IS A TAX-EXEMPT ORGANIZATION ACCORDING TO THE INTERNAL REVENUE CODE SECTION 501(C)(3). AS OF JUNE 30, 2014 & 2013, THE ACADEMY DID NOT HAVE ANY UNCERTAIN TAX CONDITIONS.
FORM 990, SCHEDULE D, PART XI, LINE 2d	AMOUNTS INCLUDED ON LINE 1, BUT NOT FORM 990, PART VIII, LINE 12 OTHER: COS: NETTED AGAINST REVENEUE 322,090 ASSET RETIREMENT OBLIGATION ADJ. 123,379 CHANGE IN VALUE OF FUNDS HELD FOR DEFERRED GIVING 740,570 PHASED RETIREMENT PLAN PV ADJ 435,000 ___________ TOTAL 1,621,039
FORM 990, SCHEDULE D, PART XI, LINE 4B	AMOUNTS INCLUDED ON PART VIII, LINE 12, BUT NOT ON LINE 1 OTHER: SUMMER FINANCIAL AID NETTED AGAINST TUITION 1,393,920
FORM 990, SCHEDULE D, PART XII, LINE 2D	AMOUNTS INCLUDED ON LINE 1, BUT NOT ON FORM 990, PART IX, LINE 25 PENSION RELATED CHANGES 7,172,467 INTEREST RATE SWAP ADJ. 1,033,431 STUDENT LOAN REVENUE 3,336 ___________ TOTAL 8,209,234
FORM 990, SCHEDULE D, PART XII, LINE 4B	AMOUNTS INCLUDED ON PART IX, LINE 15, BUT NOT ON LINE 1 OTHER: SUMMER FINANCIAL AID NETTED AGAINST TUITION 1,393,920 COST OF SALES (322,090) MISC ( 5) ___________ TOTAL 1,071,825

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	false	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	RACIALLY NONDISCRIMINATORY POLICY	FormAndLineReferenceDesc
Explanation	SCHEDULE E, PART I, LINE 3 THE POLICY IS EXPLAINED TO ALL CANDIDATES UPON APPLYING TO THE ACADEMY AND TO GUIDANCE COUNSELORS OF SCHOOLS THROUGHOUT THE COUNTRY AND FOREIGN COUNTRIES BY MEANS OF THE ACADEMY APPLICATION FORM AND WEBSITE.	ExplanationTxt

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (20 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)	Program Services	STUDY PROGRAM	$273,720
East Asia and the Pacific	Program Services	STUDY PROGRAM	$78,397
South America	Program Services	STUDY PROGRAM	$90,788
Central America and the Caribbean	Program Services	STUDY PROGRAM	$24,734
North America	Program Services	STUDY PROGRAM	$22,201
Sub-Saharan Africa	Program Services	STUDY PROGRAM	$32,164
South Asia	Program Services	STUDY PROGRAM	$21,343
Central America and the Caribbean	Program Services	FACULTY DEVELOPMENT	$2,517
Europe (Including Iceland and Greenland)	Program Services	FACULTY DEVELOPMENT	$458
East Asia and the Pacific	Fundraising	FUNDRAISING	$67,947
Europe (Including Iceland and Greenland)	Fundraising	FUNDRAISING	$26,526
North America	Fundraising	FUNDRAISING	$1,326
South America	Fundraising	FUNDRAISING	$13,189
Central America and the Caribbean	Program Services	STUDENT RECRUITMENT	$1,842
East Asia and the Pacific	Program Services	STUDENT RECRUITMENT	$16,117
Europe (Including Iceland and Greenland)	Program Services	STUDENT RECRUITMENT	$2,285
North America	Program Services	STUDENT RECRUITMENT	$4,747
South America	Program Services	STUDENT RECRUITMENT	$10,070
Central America and the Caribbean	Investments		$168,726,076
Europe (Including Iceland and Greenland)	Investments		$40,727,655

Field	Value	IRS element (for citing)
Subtotal Spent	$680,301	SubtotalSpentAmt
Continuation Spent	$209,463,801	ContinuationSpentAmt
Total Spent	$210,144,102	TotalSpentAmt
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE F, PART I, LINE 3	THE ACADEMY USES THE ACCRUAL METHOD OF ACCOUNTING AND REPORTS THE TOTAL BOOK VALUE OF INVESTMENTS IN THE AGGREGATE BY REGION ON THE 990. FOREIGN TRAVEL EXPENSES ARE REPORTED ON THE 990 BASED ON THE ACCRUAL METHOD USED TO ACCOUNT FOR THEM IN THE FINANCIAL STATEMENTS. AT YEAR END THE EXPENSES ARE MANUALLY AGGREGATED BY REGION, ACTIVITY AND TYPE OF SERVICE.

Field	Value	IRS element (for citing)
Supplemental Information Detail		SupplementalInformationDetail
Supplemental Information Detail		SupplementalInformationDetail
Supplemental Information Detail		SupplementalInformationDetail
Supplemental Information Detail		SupplementalInformationDetail

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc	Cash GrantCashGrantAmt
REGULAR SESSION SCHOLARSHIP	514	$18,896,042	FMV	TUITION/FEES ASSIST.
REGULAR SESSION OTHER AID	514	$642,922	FMV	OTHER FIN. ASSIST.	$66,908
SUMMER PROGRAM SCHOLARSHIPS	274	$1,418,299	FMV	TUITION/FEES ASSIST.
SUMMER PROGRAM - OTHER AID	120	$18,326	FMV	OTHER FINANCIAL AID

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	MONITORING GRANT FUNDS	FormAndLineReferenceDesc
Explanation	SCHEDULE I, PART I, LINE 2 SCHOLARSHIPS AND MOST FINANCIAL ASSISTANCE CREDITS ARE NON CASH AND ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS AT THE ACADEMY. ON OCCASION FINANCIAL AID STUDENTS ARE REIMBURSED FOR NECESSARY EXPENSES SUCH AS TRANSPORTATION OR THE COST OF COMPUTER EQUIPMENT. DOCUMENTATION EVIDENCING PAYMENT BY THE STUDENT IS REQUIRED BEFORE DISBURSEMENT OF CASH AID IS MADE. PHILLIPS EXETER ACADEMY MAINTAINS EXTENSIVE RECORDS TO JUSTIFY BOTH AWARDS AND THE FINANCIAL NEED ELIGIBILITY OF THE RECIPIENTS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (true)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
EDWARD W PROBERT
DIR INSTITUTIONAL ADVANCEMENT	$233,206	$0	$0	$0	$138	$0	$28,780	$0	$20,782	$0	$282,906	$0	$0	$0
THOMAS E HASSAN
PRINCIPAL	$348,511	$0	$0	$0	$13,411	$0	$71,649	$0	$62,728	$0	$496,299	$0	$0	$0
CHRISTOPHER V WEJCHERT
FORMER CFO Until 6/30/2013	$126,064	$0	$0	$0	$129	$0	$15,592	$0	$11,310	$0	$153,095	$0	$0	$0
ROGER WAKEMAN
DIR. FACILITIES MANAGEMENT	$177,753	$0		$0	$90	$0	$17,898	$0	$21,727	$0	$217,468	$0	$0	$0
DIANE FANDRICH
DIR. OF INFORMATION TECHNOLOGY	$155,815	$0	$0	$0	$138	$0	$18,698	$0	$540	$0	$175,191	$0	$0	$0
JUSTIN MERRILL
INTERIM CFO 7/1/13 to 1/21/14	$157,890	$0	$0	$0	$54	$0	$16,554	$0	$16,775	$0	$191,273	$0	$0	$0
RONALD P SUDUIKO
DIRECTOR OF MAJOR GIFTS	$173,225	$0	$0	$0	$396	$0	$21,315	$0	$34,945	$0	$229,881	$0	$0	$0
RONALD KIM
DEAN OF FACULTY	$150,469	$0	$0	$0	$1,052	$0	$17,020	$0	$61,724	$0	$230,265	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	COMPENSATION INFORMATION	FormAndLineReferenceDesc
Explanation	SCHEDULE J, PART I, LINE 1 THE PRINCIPAL AND DEAN OF FACULTY ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, TO PARTICIPATE IN ACTIVITIES WITH THE STUDENTS AND TO CONDUCT BUSINESS OUTSIDE NORMAL BUSINESS HOURS. THE FOLLOWING INDIVIDUALS HAVE MEMBERSHIPS TO UNIVERSITY CLUBS IN CONNECTION WITH THE ORGANIZATION'S BUSINESS PURPOSES AND INSTITUTIONAL ADVANCEMENT. THOMAS E. HASSAN EDWARD W. PROBERT SCHEDULE J, PART I, LINE 4B In connection with the Principal's employment agreement, the Principal will be entitled to continuation of his annual base salary upon termination or expiration of his employment agreement in accordance with the following: (a) upon attaining five full years of service as Principal he will be entitled to six months of his annual base salary; and (b) upon attaining ten full years of service he will be entitled to an additional six month of base salary. The Principal will not be entitled to payment if he is terminated for cause. For calendar year 2013, Phillips Exeter Academy accrued under the Agreement $41,049 which is included in Schedule J, Part II, Column (c). SCHEDULE J, PART II, COLUMN (D) RONALD SUDUIKO - NONTAXABLE BENEFITS INCLUDE THE VALUE OF TUITION REMISSION. RONALD KIM AND THOMAS E. HASSAN - NONTAXABLE BENEFITS INCLUDE THE VALUE OF ON-CAMPUS HOUSING PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER.	ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd

Issuer Name IssuerName

Field	Value	IRS element (for citing)
Business Name Line1	NH HEALTH & EDUCATION FACILITIES AUTHORITY	BusinessNameLine1

Field	Value	IRS element (for citing)
Bond Issuer EIN	020279866	BondIssuerEIN
CUSIP	644614SZ3	CUSIPNum
Bond Issued	2007-09-19	BondIssuedDt
Issue Price	$50,000,000	IssuePriceAmt
Purpose	SEE PART VI	PurposeDesc
Defeased	false	DefeasedInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Pool Financing	false	PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Retired	$0	RetiredAmt
Bond Defeased	$0	BondDefeasedAmt
Total Proceeds	$50,322,058	TotalProceedsAmt
In Reserve Fund	$0	InReserveFundAmt
Capitalized Interest	$0	CapitalizedInterestAmt
Refunding Escrow	$0	RefundingEscrowAmt
Issuance Costs From Proceeds	$336,409	IssuanceCostsFromProceedsAmt
Credit Enhancement	$0	CreditEnhancementAmt
Working Capital Expenditures	$0	WorkingCapitalExpendituresAmt
Capital Expenditures	$24,946,437	CapitalExpendituresAmt
Other Spent Proceeds	$25,039,212	OtherSpentProceedsAmt
Unspent	$0	UnspentAmt
Substantial Completion	2008	SubstantialCompletionYr
Current Refunding	Yes (true)	CurrentRefundingInd
Advance Refunding	false	AdvanceRefundingInd
Final Allocation Made	Yes (true)	FinalAllocationMadeInd
Adequate Books And Rec Maint	Yes (true)	AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Owning Bond Financed Property	false	OwningBondFinancedPropertyInd
Any Lease Arrangements	false	AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop	false	MgmtContractBondFincdPropInd
Any Research Agreements	false	AnyResearchAgreementsInd
Private Bus Use By Others	0	PrivateBusUseByOthersPct
Private Bus Concerning UBI	0.00553	PrivateBusConcerningUBIPct
Total Private Business Use	0.00553	TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt Test	false	BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop	false	ChangeInUseBondFinancedPropInd
Remedial Action Taken	false	RemedialActionTakenInd
Procs Nonqualified Bond Remdtd	Yes (true)	ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Form8038 T Filed	false	Form8038TFiledInd
Exception To Rebate	Yes (true)	ExceptionToRebateInd
Variable Rate Issue	Yes (true)	VariableRateIssueInd
Hedge Identified In Bks And Rec	Yes (true)	HedgeIdentifiedInBksAndRecInd

Hedge Provider Name HedgeProviderName

Field	Value	IRS element (for citing)
Business Name Line1	BNY MELLON	BusinessNameLine1

Field	Value	IRS element (for citing)
Term Of Hedge	34.25	TermOfHedgePct
Superintegrated Hedge	false	SuperintegratedHedgeInd
Hedge Terminated	false	HedgeTerminatedInd
Gross Proceeds Invested In GIC	false	GrossProceedsInvestedInGICInd

GIC Provider Name GICProviderName

Field	Value	IRS element (for citing)
Business Name Line1	0	BusinessNameLine1

Field	Value	IRS element (for citing)
Gross Proceeds Invested	false	GrossProceedsInvestedInd
Written Proc To Monitor Reqs	Yes (true)	WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Procedures Corrective Action	Yes (true)	ProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE K, PART I, LINE A, COLUMN F	BOND PURPOSE CAPITAL CONSTRUCTION PROJECTS AND REFUNDING OF 2003 BOND
SCHEDULE K, PART II, LINE 3	INCLUDES INTEREST EARNED OF $322,058.

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Field	Value	IRS element (for citing)
Person	RONALD KIM	PersonNm
Relationship With Org	FACULTY	RelationshipWithOrgTxt
Loan Purpose	MORTGAGE	LoanPurposeTxt
Loan From Organization	Yes (X)	LoanFromOrganizationInd
Original Principal	$303,750	OriginalPrincipalAmt
Balance Due	$285,153	BalanceDueAmt
Default	false	DefaultInd
Board Or Committee Approval	Yes (true)	BoardOrCommitteeApprovalInd
Written Agreement	Yes (true)	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$285,153	TotalBalanceDueAmt

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

Field	Value	IRS element (for citing)
Cash Grant	$17,445	CashGrantAmt
Type Of Assistance	TUIT. REMISSION	TypeOfAssistanceTxt
Assistance Purpose	TUITION REMISSION	AssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
Matthew Rawson
Son of W.Rawson, trustee	$32,341	COMPENSATION FOR INTERNSHIP	false
Leah Merrill
Wife of J.Merrill,Int.CFO	$110,462	COMPENSATION AS AN INSTRUCTOR	false

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE L, PART IV, LINES 1 & 2	INDIVIDUALS REPORTED WERE COMPENSATED IN ACCORDANCE WITH STANDARD ACADEMY POLICY FOR SERVICES PROVIDED TO THE ORGANIZATION.
SCHEDULE L, PART IV, LINE 2	COMPENSATION REPORTED INCLUDES AN AMOUNT FOR HOUSING ALLOWANCE OF $39,529. FACULTY ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, TO PARTICIPATE IN ACTIVITIES WITH STUDENTS AND TO CONDUCT BUSINESS OUTSIDE OF NORMAL BUSINESS HOURS.

Schedule M IRS990ScheduleM

Field	Value	IRS element (for citing)
Works Of Art		WorksOfArtGrp
Art Historical Treasures		ArtHistoricalTreasuresGrp
Art Fractional Interest		ArtFractionalInterestGrp
Books And Publications		BooksAndPublicationsGrp
Clothing And Household Goods		ClothingAndHouseholdGoodsGrp
Cars And Other Vehicles		CarsAndOtherVehiclesGrp
Boats And Planes		BoatsAndPlanesGrp
Intellectual Property		IntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	218	ContributionCnt
Noncash Contributions Rpt F990	$6,166,756	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Securities Closely Held Stock		SecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust Intrsts		SecurPrtnrshpTrustIntrstsGrp
Securities Miscellaneous		SecuritiesMiscellaneousGrp
Qualified Contrib Hist Struct		QualifiedContribHistStructGrp
Qualified Contrib Other		QualifiedContribOtherGrp
Real Estate Residential		RealEstateResidentialGrp
Real Estate Commercial		RealEstateCommercialGrp
Real Estate Other		RealEstateOtherGrp
Collectibles		CollectiblesGrp
Food Inventory		FoodInventoryGrp
Drugs And Medical Supplies		DrugsAndMedicalSuppliesGrp
Taxidermy		TaxidermyGrp
Historical Artifacts		HistoricalArtifactsGrp
Scientific Specimens		ScientificSpecimensGrp
Archaeological Artifacts		ArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	TECHNOLOGY EQUIPMENT	5	$0	N/A
Yes (X)	MUSICAL INSTRUMENTS	4	$0	N/A
Yes (X)	RARE BOOKS & MANUSCRIPTS	2	$0	N/A

Field	Value	IRS element (for citing)
Form8283 Received	2	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	false	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE M, PART I, COLUMN (B)	FormAndLineReferenceDesc
Explanation	THE NUMBER OF CONTRIBUTIONS ARE USED FOR REPORTING THE LIST OF NONCASH CONTRIBUTIONS. SCHEDULE M, PART I, LINE 33 THE ACADEMY DOES NOT RECOGNIZE REVENUES FOR GIFTS IN KIND OF THE TYPES LISTED IN PART I OF SCHEDULE M. IN 2014, THE ACADEMY RECEIVED GIFTS OF TECHNOLOGY EQUIPMENT, MUSICAL INSTRUMENTS AND RARE BOOKS & MANUSCRIPTS.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
MISSION STATEMENT	FORM 990, PART I, LINE 1 AND PART III, LINE 1 PHILLIPS EXETER ACADEMY, AN INDEPENDENT SECONDARY SCHOOL, CONTINUES THE COMMITMENT TO UNITE GOODNESS AND KNOWLEDGE. WITH A TOTAL ENROLLMENT OF MORE THAN 1,000 STUDENTS APPROXIMATELY 80 PERCENT OF WHOM ARE BOARDERS AND 20 PERCENT OF WHOM ARE DAY STUDENTS, THE SCHOOL SEEKS YOUNG PEOPLE WHO COMBINE PROVEN ACADEMIC ABILITY, INTELLECTUAL CURIOSITY, AND TENACITY WITH DECENCY AND GOOD CHARACTER. AT THE ACADEMY, EXACTING INQUIRY AND THOUGHTFUL DISCOURSE FOSTER THE LIFE OF THE MIND. INSTRUCTION AND ACTIVITY PROMOTE FITNESS AND HEALTH, AND THE DAILY INTERACTIONS OF A RESIDENTIAL SCHOOL NURTURE INTEGRITY, EMPATHY, AND KINDNESS. BECAUSE LEARNING AND GROWTH AT EXETER ARISE FROM EACH INDIVIDUAL'S ENGAGEMENT WITH OTHERS, THE RICHNESS OF EDUCATION REQUIRES DIVERSITY IN ALL ITS DIMENSIONS. STUDENTS AND FACULTY VALUE THE DIFFERENCES THEY BRING TO THE COMMUNITY THEY SHARE. THE CHALLENGES THAT STUDENTS MEET AT EXETER AND THE SUPPORT THEY RECEIVE HAVE A COMMON PURPOSE; TO STIMULATE THEIR DEVELOPMENT AS INDIVIDUALS AND AS MEMBERS OF SOCIETY. EXETER SEEKS TO GRADUATE YOUNG PEOPLE WHOSE CREATIVITY AND INDEPENDENCE OF THOUGHT SUSTAIN THEIR CONTINUING INQUIRY AND REFLECTION, WHOSE INTEREST IN OTHERS AND THE WORLD AROUND THEM SURPASSES THEIR SELF-CONCERN, AND WHOSE PASSION FOR LEARNING IMPELS THEM BEYOND WHAT THEY ALREADY KNOW.
PROGRAM SERVICE ACCOMPLISHMENTS	FORM 990, PART III, LINE 4A PHILLIP EXETER ACADEMY'S PRIMARY PROGRAM SERVICE IS THE EDUCATION OF STUDENTS IN GRADES 9 THROUGH 12 IN A FULLY RESIDENTIAL BOARDING SCHOOL ENVIRONMENT. ENROLLMENT FOR 2013-2014 WAS 1,060. THE FOUNDATION OF EXETER'S REGULAR SESSION CURRICULUM CONTINUES TO BE THE TEACHING METHOD MADE POSSIBLE IN 1931 BY THE GENEROSITY OF EDWARD HARKNESS: DISCUSSION IN SMALL CLASSES MEETING AROUND SEMINAR TABLES WHERE MAXIMUM STUDENT INVOLVEMENT AND INTERCHANGE ARE BOTH ENCOURAGED AND REQUIRED. SINCE 1931, THIS PROCESS HAS CONTINUED WHILE THE CONTENT OF THE CURRICULUM HAS UNDERGONE SEVERAL REVISIONS AS EXETER HAS SOUGHT TO BLEND ITS RESPECT FOR TRADITION WITH ITS COMMITMENT TO EDUCATE YOUNG PEOPLE FOR A RAPIDLY CHANGING WORLD. THE CURRENT CURRICULUM IS BASED ON TWO FUNDAMENTAL ASSUMPTIONS ABOUT AN EXETER EDUCATION. FIRST, DUE TO INCREASING SPECIALIZATION AT THE COLLEGE LEVEL, EXETER VIEWS ITS CHARGE AS PROVIDING STUDENTS WITH A BROAD, LIBERAL ARTS PROGRAM. SECOND, THE ACADEMY BELIEVES THE PROCESS OF EDUCATION IS AS IMPORTANT AS ITS CONTENT. FACULTY EMPHASIZE NOT MERELY WHAT THEY WANT STUDENTS TO KNOW, BUT ALSO WHAT SORTS OF INDIVIDUALS THEY WANT THEM TO BECOME: YOUNG PEOPLE WHOSE PASSION FOR LEARNING EXCEEDS WHAT THEY ALREADY KNOW AND WHOSE INTEREST IN OTHERS AND IN THE WORLD SURPASSES THEIR SELF-CONCERN. EXETER'S SCHOOL YEAR CONSISTS OF THREE TERMS, WHICH ALLOWS EXPANDED ELECTIVE CHOICES ACROSS A RANGE OF DISCIPLINES TO BE COMBINED WITH A FOCUS ON DEPTH OF STUDY IN ADVANCED COURSES IN EACH DEPARTMENT. STUDENTS NORMALLY ENROLL IN FIVE COURSES AND PARTICIPATE IN A SPORT EACH TERM. FORM 990, PART III, LINE 4B PHILLIPS EXETER ACADEMY'S SUMMER SCHOOL: EVERY SUMMER PHILLIPS EXETER ACADEMY'S SUMMER SCHOOL, WHICH HAS BEEN IN OPERATION SINCE 1919, WELCOMES TO CAMPUS SOME 780 STUDENTS FOR FIVE WEEKS OF ACADEMIC STUDY, ATHLETICS, AND EXPLORATION THAT CARRY PARTICIPANTS FAR BEYOND THE CLASSROOMS AND THE PLAYING FIELDS. TYPICALLY, STUDENTS COME TO US FROM MORE THAN 40 STATES, AND 50 COUNTRIES. SUMMER TEACHERS' CONFERENCES: ONE-WEEK CONFERENCES ARE FOR SECONDARY TEACHERS FROM PUBLIC AND PRIVATE SCHOOLS. THE MATH, SCIENCE AND TECHNOLOGY CONFERENCE FEATURES SPEAKERS FROM THE U.S. AND THE U.K. THE CONFERENCE CAN COUNT TOWARDS GRADUATE CREDIT OR PROFESSIONAL DEVELOPMENT. THE CONFERENCE EXPLORES THE MATHEMATICS AND SCIENCE CURRICULA OF TODAY AND TOMORROW WITH SPECIAL FOCUS ON THE IMPACT OF TECHNOLOGY AND ITS APPLICATION IN THE CLASSROOM. PARTICIPANTS IN THE WRITER'S WORKSHOP COME AWAY FROM THIS FIVE-DAY WORKING PROGRAM ARMED WITH A MORE DEFINED AND PROFESSIONAL APPROACH TO TEACHING WRITING IN THE CLASSROOM, AND A PORTFOLIO OF NEW WORK FOR CONTINUED DEVELOPMENT. THE HUMANITIES INSTITUTE IS FOR SECONDARY SCHOOL ENGLISH AND HISTORY TEACHERS. IT IS DESIGNED TO EXPLORE THE USE OF STUDENT-CENTERED, DISCUSSION-BASED EDUCATION THAT IS LOOSELY DESCRIBED AS THE "HARKNESS METHOD" OF TEACHING. EXETER DIVERSITY INSTITUTE IS A FIVE DAY CONFERENCE FOR HUMANITIES TEACHERS TO EXPLORE THE ROLE SOCIAL IDENTITY ISSUES PLAY IN A STUDENT-CENTERED HARKNESS CLASSROOM. TEACHERS LEARN TO BROADEN THEIR UNDERSTANDING OF THEMSELVES AS ENGLISH AND HISTORY TEACHERS FOR STUDENTS FROM DIVERGENT BACKGROUNDS. CONFERENCE ATTENDEES LIVE AND LEARN WITH TEACHERS FROM DIVERSE BACKGROUNDS: PUBLIC SCHOOLS, INDEPENDENT SCHOOLS, VETERANS AND NEWCOMERS. THE EXETER MATHEMATICS INSTITUTE (EMI) IS AN INTENSIVE, HANDS-ON, ONSITE PROFESSIONAL DEVELOPMENT PROGRAM FOR PUBLIC MIDDLE AND SECONDARY SCHOOL MATHEMATICS TEACHERS. RUN BY PHILLIPS EXETER ACADEMY'S MATHEMATICS DEPARTMENT, EMI CONSISTS OF LOCAL FOUR DAY WORKSHOPS OFFERED DURING THE SUMMER IN EIGHT DIFFERENT AMERICAN SCHOOL DISTRICTS.
GOVERNING BODY AND MANAGEMENT	FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE WHICH CONSISTS OF THE PRESIDENT, THE VICE PRESIDENT, THE PRINCIPAL AND NOT FEWER THAN TWO OTHER TRUSTEES SHALL HAVE THE POWERS OF THE TRUSTEES IN THE INTERVALS BETWEEN TRUSTEES' MEETINGS. THEY MAY ACT, ON BEHALF OF THE TRUSTEES, UPON ALL MATTERS EXCEPT THOSE WHICH, IN THE OPINION OF THE COMMITTEE SHOULD AWAIT THE NEXT MEETING OF THE TRUSTEES. ALL ACTION SO TAKEN SHALL BE DEEMED THE ACTION OF THE TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE GENERAL ALUMNI/AE ASSOCIATION (GAA) BOARD OF DIRECTORS CONSISTS OF 27 REGULAR MEMBERS. THEY ELECT FOUR OFFICERS: PRESIDENT, TWO VICE-PRESIDENTS AND A SECRETARY. THE PRESIDENT AND TWO VICE-PRESIDENTS SERVE WITH THE ACADEMY'S BOARD OF TRUSTEES FOR THEIR TERMS AS GAA OFFICERS WHICH CAN BE A PERIOD FROM 1-6 YEARS.
FORM 990 REVIEW PROCESS	FORM 990, PART VI, SECTION B, LINE 11 ONCE PHILLIPS EXETER'S FORM 990 IS COMPLETED, IT IS FIRST REVIEWED BY PHILLIPS EXETER ACADEMY'S INTERNAL MANAGEMENT AND OUTSIDE ADVISORS. FOLLOWING THAT REVIEW, PEA'S INTERNAL MANAGEMENT PRESENTS THE FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW AND COMMENT. THE COMPLETED FORM 990, EXCLUDING THE NAME OF ANONYMOUS DONORS, IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO THE FORM BEING FILED WITH THE IRS.
CONFLICT OF INTEREST POLICY	FORM 990, PART VI, SECTION B, LINE 12 PHILLIPS EXETER ACADEMY MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY REQUIRING DISCLOSURE OF RELEVANT FACTS THAT GIVE RISE TO A POTENTIAL CONFLICT OF INTEREST. ANNUALLY, TRUSTEES, MEMBERS OF THE INVESTMENT COMMITTEE, ADMINISTRATORS, AND STAFF WITH PURCHASING RESPONSIBILITIES ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT THEY HAVE READ, UNDERSTAND AND SIGN A CONFLICT OF INTEREST. ADDITIONALLY, AT THE END OF THE FISCAL YEAR AND BEFORE THE SUBMISSION OF FORM 990, EACH TRUSTEE, OFFICER AND/OR KEY EMPLOYEE IS PROVIDED WITH A QUESTIONNAIRE REQUIRING DISCLOSURE OF ANY CONFLICTS OF INTEREST THAT MAY HAVE EXISTED DURING THE PRIOR FISCAL YEAR.
PROCESS FOR DETERMINING COMPENSATION	FORM 990, PART VI, SECTION B, LINE 15 PHILLIPS EXETER ACADEMY MAINTAINS AN EXECUTIVE COMPENSATION PHILOSOPHY INTENDED TO COMPLY WITH IRC 4958 INTERMEDIATE SANCTIONS THAT REQUIRES PERIODIC REVIEW OF PEER INSTITUTIONS FOR COMPENSATION COMPARISONS AMONG EXECUTIVES DEEMED "DISQUALIFIED PERSONS." THE BOARD OF TRUSTEES APPROVES THEIR SALARIES ANNUALLY AND DOCUMENTS THEIR DETERMINATIONS IN MEETING MINUTES. OTHER EXECUTIVE COMPENSATION IS BASED ON A REVIEW OF PEER SCHOOLS USING ABOPS AND OTHER SALARY SURVEY DATA AND IS APPROVED BY THE ADMINISTRATION.
DISCLOSURE	FORM 990, PART VI, SECTION C, LINE 19 PHILLIPS EXETER ACADEMY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S STATEMENT OF FINANCIAL POSITION AND STATEMENT OF ACTIVITIES ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE IN THE ANNUAL FINANCIAL REPORT.
RECONCILIATION OF CHANGE IN NET ASSETS	FORM 990, PART XI, LINE 9 CHANGE IN VALUE IN FUNDS HELD FOR DEFERRED GIVING $ 740,570 PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST ($ 7,172,467) INTEREST RATE SWAP ADJUSTMENT ($ 1,033,431) OP/NONOP TRANSFERS ($32,327,017) MISCELLANEOUS $ 556,976 -------------- TOTAL ($39,235,369)

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Controlled OrganizationControlledOrganizationInd
HEINZ EXETER SCHOLARSHIP FUND
PO BOX 185	PITTSBURG	PA	15201	251482044	SCHOLARSHIP	PA	501(C)(3)	PF	NA	false
MSSC TRUST FBO PHILLIPS EXETER ACADEMY
PO BOX 748	SULLIVANS ISLAND	SC	29482	576114852	SCHOLARSHIP	SC	501(C)(3)	11D, III-O	NA	false
YOUCUM FAMILY PERPETUAL CHARITABLE TRUST
1100 N MARKET ST	WILMINGTON	DE	19890	237704439	SCHOLARSHIP	PA	501(C)(3)	11O, III-O	NA	false
TUW PHILENA R PEABODY-LLOYD 01-34608
PO BOX 803878	CHICAGO	IL	60680	366088658	SCHOLARSHIP	IL	501(C)(3)	11O, III-O	NA	false

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	MAP 2006(A) LP	BusinessNameLine1

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	300 El Camino Real 5 Palo Alto Sq	AddressLine1
City	Palo Alto	City
State	CA	State
ZIP Code	94306	ZIPCode

Field	Value	IRS element (for citing)
EIN	205046471	EIN
Primary Activities	Energy Investment	PrimaryActivitiesTxt
Legal Domicile State	DE	LegalDomicileStateCd
Predominant Income Type	EXCLUDED	PredominantIncomeTypeTxt
Share Of Total Income	$1,250,277	ShareOfTotalIncomeAmt
Share Of EOY Assets	$16,971,270	ShareOfEOYAssetsAmt
Disproportionate Allocations	false	DisproportionateAllocationsInd
UBI Code V	$0	UBICodeVAmt
General Or Managing Partner	false	GeneralOrManagingPartnerInd
Ownership	0.54230	OwnershipPct

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Entity TypeEntityTypeTxt	Controlled OrganizationControlledOrganizationInd
POOLED INCOME FUND (2)
FUNDRAISING	NH	NA	T	false
CHARITABLE REMAINDER TRUST (99)
FUNDRAISING		NA	T	false

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	Yes (true)	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	false	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	Yes (true)	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	false	SharingOfFacilitiesInd
Paid Employees Sharing	false	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	MAP 2006(A) LP	BusinessNameLine1

Field	Value	IRS element (for citing)
Transaction Type	A	TransactionTypeTxt
Involved	$1,376,505	InvolvedAmt
Method Of Amount Determination	FMV	MethodOfAmountDeterminationTxt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART IV, LINE (2), COLUMN (C)	FormAndLineReferenceDesc
Explanation	CA, DE, FL, IA, IL, IRELAND, MA, MN, NC, NH, NJ, NY, OH, PA, RI, TX, VA, VT, WI	ExplanationTxt