2015-05-15T08:55:10-05:00 2014-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2013-07-01 231352662 MONTGOMERY SCHOOL MONT 6108277222 1141 KIMBERTON ROAD CHESTER SPRINGS PA 19425 ANTHONY DIFRANCESCO JR BOARD CHAIR 6108277222 2015-05-14 1 BERNADETTE O'TOOLE CPA P00229258 2156433900 2013 2016-03-07 17:11:31Z ANTHONY DIFRANCESCO JR 1141 KIMBERTON ROAD CHESTER SPRINGS PA 19425 7228480 0 X WWW.MONTGOMERYSCHOOL.ORG X 1939 PA NON-PROFIT PRIVATE SCHOOL DEDICATED TO THE EDUCATION OF STUDENTS IN MIND, BODY AND CHARACTER. 19 19 81 50 0 0 326562 672660 5888338 5851272 12099 65177 169976 210537 6396975 6799646 1034244 1532967 0 0 3362303 3236310 0 0 201129 2212276 2066315 6608823 6835592 -211848 -35946 11025658 10949153 4214884 4179659 6810774 6769494 X PLEASE SEE SCHEDULE O.MONTGOMERY SCHOOL IS AN INDEPENDENT, COEDUCATIONAL DAY SCHOOL SERVING PREKINDERGARTEN THROUGH GRADE 8. THE SCHOOL IS DEDICATED TO THE DEVELOPMENT OF EACH CHILD IN MIND AND BODY THROUGH ACADEMICS, FINE AND PERFORMING ARTS, AND ATHLETICS. THE SCHOOL IS EQUALLY COMMITTED TO THE DEVELOPMENT OF EACH CHILD'S CHARACTER. 0 0 5676607 1532967 5851272 EDUCATION OF CHILDREN PREKINDERGARTEN THROUGH THROUGH GRADE 8. 0 0 49202 FACILITIES RENTAL PROGRAM: RENTAL OF THE FACILITIES TO COMMUNITY GROUPS FOR ATHLETICS, ARTS, AND MEETINGS. 5676607 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 81 1 0 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X X MARK MURRAY 6108277222 1141 KIMBERTON ROAD CHESTER SPRINGS PA 19425 ANTHONY J DIFRANCESCO CHAIR 2.00 0.00 X X 0 0 0 KATHLEEN C GUBANICH VICE CHAIR 1.00 0.00 X X 0 0 0 CHRISTOPHER M VENO SECRETARY 1.00 0.00 X X 0 0 0 GEORGE WM CAVALIERI TREASURER 1.00 0.00 X X 0 0 0 JOAN E BEVANS TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN M FENDRICK TRUSTEE 1.00 0.00 X 0 0 0 ANTAYA M COOPER TRUSTEE 1.00 0.00 X 0 0 0 DANIEL GOLDSMITH TRUSTEE 1.00 0.00 X 0 0 0 ANNE V DUGAN TRUSTEE 1.00 0.00 X 0 0 0 JONATHAN BRASSINGTON TRUSTEE 1.00 0.00 X 0 0 0 SCOTT GORDON TRUSTEE 1.00 0.00 X 0 0 0 ALEXANDER MANGANIELLO TRUSTEE 1.00 0.00 X 0 0 0 KIM M MORGAN TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL T VAN DER VEEN TRUSTEE 1.00 0.00 X 0 0 0 STEVEN S PILTCH TRUSTEE 1.00 0.00 X 0 0 0 GEORGE B VOSBURGH TRUSTEE 1.00 0.00 X 0 0 0 RAY A ROUNDTREE TRUSTEE 1.00 0.00 X 0 0 0 THOMAS L WILLIAMS TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER R TOMPKINS TRUSTEE 1.00 0.00 X 0 0 0 KEVIN R CONKLIN HEAD OF SCHOOL 40.00 0.00 X 273722 0 0 273722 0 0 1 0 1 0 METZ CULINARY MANAGEMENT 2 WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICES 249218 1 12700 659960 6105 672660 TUITION 611710 5747590 5747590 EXTENDED DAY PROG. 611710 100232 100232 FEES & LUNCHES 900099 3450 3450 5851272 14239 14239 49202 0 49202 49202 49202 370446 319508 50938 50938 50938 216814 12700 105648 111166 111166 4955 3678 1277 1277 ATHLETIC PROGRAMS 900099 7017 7017 YEARBOOK REVENUE 900099 6492 6492 35383 35383 48892 6799646 5900474 0 226512 1532967 1532967 273722 273722 2440561 2269025 171536 336939 325818 11121 185088 185088 24522 24522 467514 449042 18472 32213 32213 116344 116344 107500 107500 430582 430582 89624 89624 FOOD SERVICE 254402 254402 TUITION REMISSION 192920 192920 OTHER 160594 160594 MARKETING STUDY 138611 138611 51489 51489 6835592 5676607 957856 201129 2167977 2395545 29742 72420 102470 5736 5584 94042 97617 13392294 5104201 8583341 8288093 72400 59844 11025658 10949153 341606 239118 2805373 2725036 1067905 1215505 4214884 4179659 X 6713109 6484808 57210 241177 40455 43509 6810774 6769494 11025658 10949153 -35946 -5334 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40455 3054 43509 30487 9968 40455 19903 10584 30487 7909 11994 19903 0.00000 1.00000 0.00000 1 0 949019 949019 11751914 4538381 7213533 691361 565820 125541 8288093 ADVANCED TUITION & DEPOSITS 1209075 LEASE PAYABLE 6430 1215505 X 6903638 -5334 109326 103992 6799646 0 6799646 6944918 109326 109326 6835592 0 6835592 PART V, LINE 4: THE ENDOWMENT FUND IS FOR THE PURPOSE OF SUPPORTING THE FUTURE OPERATIONS OF THE SCHOOL. PART X, LINE 2: MONTGOMERY SCHOOL IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE AND QUALIFIES FOR THE MAXIMUM CHARITABLE CONTRIBUTION DEDUCTION FOR INDIVIDUAL DONORS. THE SCHOOL FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE SCHOOL IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE TAX RETURNS FOR THE YEARS 2011 TO 2013 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOOL STORE EXPENSE (PRESENTED AGAINST SCHOOL STORE REVENUE) 3,678. SPECIAL EVENTS - FUNDRAISING EXPENSES 105,648. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOOL STORE EXPENSE 3,678. SPECIAL EVENTS - FUNDRAISING EXPENSES 105,648. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL JOINS WITH A GROUP OF INDEPENDENT SCHOOLS AND ADVERTISES A "STATEMENT OF NONDISCRIMINATION" IN THE PHILADELPHIA INQUIRER. ADDITIONALLY IT STATES THAT IT DOES NOT DISCRIMINATE IN ITS PRINTE MATERIALS AND ON ITS WEBSITE A "STATEMENT OF NONDISCRIMINATION" APPEARS ON THE APPLICATION FOR ENROLLMENT. SCHEDULE E, PART I, LINE 6 THE STATE OF PENNSYLVANIA DEPARTMENT OF EDUCATION PROVIDES APPROXIMATELY $30,000 IN TEXT BOOKS, INSTRUCTIONAL MATERIALS AND SPECIFIC EQUIPMENT. BENEFIT 154753 12700 142053 6000 17280 4450 29460 GOLF OUTING 74761 0 74761 850 8400 11240 200 27768 229514 12700 216814 850 14400 28520 4650 57228 105648 111166 1 FINANCIAL AID 114 1532967 FMV PART I, LINE 2: GRANTS FOR FINANCIAL AID ARE MADE BY A FINANCIAL COMMITTEE AND ARE BASED ON ADMISSION OF THE STUDENT AND FINANCIAL NEED. APPLICANTS ARE REQUIRED TO PROVIDE FINANCIAL INFORMATION IN THE FORM OF A QUESTIONNAIRE ADMINISTERED BY A THIRD PARTY, FAST, AND THE PROVISION OF TAX RETURNS. X X X X X 0 1 0 0 0 0 0 0 0 KEVIN R CONKLIN HEAD OF SCHOOL 245803 0 0 0 27919 0 0 0 0 0 273722 0 0 0 PART I, LINE 4B KEVIN CONKLIN WAS A PARTICIPANT IN THE 457(B) PLAN DURING 2013. A CENTRAL AND WESTERN CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 231370500 2010-12-23 3000000 REFUNDING OF THE ISSUER'S ECONOMIC DEVELOPMENT REVENUE BONDS 0 0 0 A 274964 3000000 2750597 60000 189403 2011 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0 0 1 A 1 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE BOARD CHAIR AND SUCH TRUSTEES AS THE CHAIR MAY SPECIFY, WHO MAY OR MAY NOT BE OFFICERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTE SHALL MAKE RECOMMENDATIONS TO THE BOARD IN REGARD TO PROBLEMS OR CONCERNS OF THE SCHOOL, AND SHALL BE EMPOWERED TO ACT ON BEHALF OF THE TRUSTEES BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, SUBJECT TO SUBSEQUENT RATIFICATION BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WILL REVIEW THE 990 IN DETAIL. THEY WILL THEN DISTRIBUTE IT TO THE FULL BOARD OF TRUSTEES AND BE PREPARED TO ANSWER QUESTIONS. THIS REVIEW WILL BE CONDUCTED PRIOR TO FILING THE 990 RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES SHALL EXERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS TOUCHING UPON THEIR DUTIES TO THE ORGANIZATION AND ITS PROPERTY. IN THEIR DEALINGS WITH AND ON BEHALF OF THE SCHOOL, THEY ARE HELD TO STRICT RULES OF HONEST AND FAIR DEALING BETWEEN THEMSELVES AND THE SCHOOL. THEY SHALL NOT USE THEIR POSITIONS AS TRUSTEES, OR KNOWLEDGE GAINED THERE FROM, SO THAT A CONFLICT MIGHT ARISE BETWEEN THE SCHOOL'S INTEREST AND THAT OF ANY INDIVIDUAL TRUSTEE. A CONFLICT OF INTEREST ARISES IN ANY SITUATION IN WHICH A TRUSTEE (AND/OR HIS OR HER IMMEDIATE FAMILY) IS INVOLVED IN AN ACTIVITY WHICH COULD ADVERSELY AFFECT HIS OR HER JUDGMENT WITH RESPECT TO THE BUSINESS OF THE SCHOOL OR OTHERWISE DIMINISH THE INTEREST OR THE ORGANIZATION. WHEN SUCH A CONFLICT ARISES, THE INDIVIDUAL WITH THE CONFLICT IS EXPECTED TO DISCLOSE IN WRITING THE EXISTENCE OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE TOP MANAGEMENT OFFICIAL'S COMPENSATION WAS LAST REVIEWED IN DETAIL IN JULY 2013. A REVIEW AND BENCHMARKING AGAINST OTHER SIMILAR SCHOOLS WAS UNDERTAKEN. OTHER KEY EMPLOYEES SALARIES ARE DETERMINED USING DATA PROVIDED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS FOR LIKE POSITIONS. THIS PROCESS IS FOLLOWED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.