2015-05-11T13:54:49-05:00 2014-06-30 MALONEY NOVOTNY LLC 1111 SUPERIOR AVENUE SUITE 700 CLEVELAND OH 44114 990 2013-07-01 340714720 UNIVERSITY SCHOOL % DAVID J WRIGHT UNIV 2169320400 20701 BRANTLEY ROAD Suite SHAKER HEIGHTS OH 44122 DAVID WRIGHT FINANCE DIRECTOR 2169320400 2015-05-11 true CHRISTOPHER B ANDERSON P00226559 2169320400 2013 2016-02-25 16:41:14Z STEVE MURRAY 20701 BRANTLEY ROAD SHAKER HEIGHTS OH 44122 54794738 false X WWW.US.EDU X 1890 OH THE MISSION OF UNIVERSITY SCHOOL IS TO DEVELOP PROMISING AND MOTIVATED YOUNG BOYS INTO ACCOMPLISHED AND INDEPENDENT YOUNG MEN WHO ASPIRE TO MAKE A DIFFERENCE IN THE WORLD. 48 48 441 100 0 9280183 6401216 22848826 23440795 1428641 3732996 49020 39417 33606670 33614424 3821470 4043389 0 0 17468848 17850136 0 0 1019534 9030861 10042288 30321179 31935813 3285491 1678611 167071709 169811552 39358286 32981419 127713423 136830133 X THE MISSION OF UNIVERSITY SCHOOL IS TO DEVELOP PROMISING AND MOTIVATED BOYS INTO ACCOMPLISHED AND INDEPENDENT YOUNG MEN WHO ASPIRE TO MAKE A DIFFERENCE IN THE WORLD. THE SCHOOL IS RIGOROUS. OUR PROGRAMS, LED BY CHALLENGING AND SUPPORTIVE FACULTY, PROMOTE INTELLECTUAL, PHYSICAL, CREATIVE, AND MORAL EXCELLENCE. WE BELIEVE THESE GOALS ARE BEST ACHIEVED IN A DIVERSE COMMUNITY WHERE TRADITION IS VALUED AND WHERE EVERY BOY IS KNOWN AND LOVED. false false 27569361 4043389 23440795 PROVIDE INSTRUCTION TO A REGULARLY-ENROLLED STUDENT BODY (KINDERGARTEN THROUGH GRADE 12) FOR WHICH A REGULAR FACULTY AND COLLEGE-PREPARATORY CURRICULUM ARE MAINTAINED. THERE WERE 852 FULL-TIME STUDENTS ENROLLED AT THE SCHOOL DURING THE 2013-2014 SCHOOL YEAR. 27569361 true true false false false false false false false true true true false false true true false true true false true false false false false false false false true true true false false false false false false false false false false true false false false false true true true false false true X 52 0 true 441 true false true UC BD CA EI false false false false false false false false X 48 48 true false false false false false false true true false false false true true true true true true true false X DAVID J WRIGHT 2169320400 20701 BRANTLEY ROAD SHAKER HEIGHTS OH 44122 HENRY MEYER III VICE PRESIDENT 1.0 X X 0 0 0 PETER ADAMS VICE PRESIDENT 1.0 X X 0 0 DAVID FULTON JR VICE PRESIDENT 1.0 X X 0 0 JAMES GRISWOLD TRUSTEE 1.0 X 0 0 CHRISTOPHER SMYTHE VICE PRESIDENT 1.0 X X 0 0 ROBERT MC CREARY III VICE PRESIDENT 1.0 X X 0 0 DALE ADLER TRUSTEE 1.0 X 0 0 RICHARD C BRYAN VICE PRESIDENT 1.0 X X 0 0 BRENT BALLARD SR PRESIDENT 1.0 X X 0 0 THOMAS BARRY VICE PRESIDENT 1.0 X X 0 0 ARTHUR CLEMENTS III TRUSTEE 1.0 X 0 0 MATTHEW V CRAWFORD TRUSTEE 1.0 X 0 0 C MARTIN HARRIS TRUSTEE 1.0 X 0 0 JEFF HEINEN TRUSTEE 1.0 X 0 0 RICHARD HOLLINGTON III TRUSTEE 1.0 X 0 0 CHRISTOPHER M GORMAN TRUSTEE 1.0 X 0 0 WILLIAM MATTHES TRUSTEE 1.0 X 0 0 NANCY MCGINTY TRUSTEE 1.0 X 0 0 MARK MEAD TRUSTEE 1.0 X 0 0 DAVID OUTCALT TRUSTEE 1.0 X 0 0 NEIL THOMPSON TRUSTEE 1.0 X 0 0 TYLER ZACHEM TRUSTEE 1.0 X 0 0 THOMAS TORMEY VICE PRESIDENT 1.0 X X 0 0 DURGA CHIGURAPATI TRUSTEE 1.0 X 0 0 DAVID DEMUTH TRUSTEE 1.0 X 0 0 DEBORAH DONLEY TRUSTEE 1.0 X 0 0 MICHAEL FOUST TREASURER 1.0 X X 0 0 JOHN GRISWOLD TRUSTEE 1.0 X 0 0 SUBER HUANG TRUSTEE 1.0 X 0 0 JAMES KRALIK TRUSTEE 1.0 X 0 0 CHARLES MYERS TRUSTEE 1.0 X 0 0 WILLIAM OBERNDORF TRUSTEE 1.0 X 0 0 STEPHEN OSBORN TRUSTEE 1.0 X 0 0 LARRY POLLOCK VICE PRESIDENT 1.0 X X 0 0 JEREMIAH ROBINS TRUSTEE 1.0 X 0 0 WILLIAM SCHWEITZER TRUSTEE 1.0 X 0 0 JOHN SINNEBERG TRUSTEE 1.0 X 0 0 FREDERICK STUEBER II SECRETARY 1.0 X X 0 0 JD SULLIVAN TRUSTEE 1.0 X 0 0 STEVEN TERRELL VICE PRESIDENT 1.0 X X 0 0 FRANKLIN P FLOYD JR TRUSTEE 1.0 X 0 0 RICHARD P STOVSKY TRUSTEE 1.0 X 0 0 JOHN GHERLEIN TRUSTEE 1.0 X 0 0 RONALD S LEE TRUSTEE 1.0 X 0 0 CARL P SJOGREEN TRUSTEE 1.0 X 0 0 DAVID R SMITH TRUSTEE 1.0 X 0 0 CARL J TIPPIT TRUSTEE 1.0 X 0 0 DALE R NAYLOR TRUSTEE 1.0 X 0 0 STEVE MURRAY HEADMASTER 40.0 X 377933 181421 DAVID WRIGHT FINANCE DIRECTOR 40.0 X 169893 47696 WILLIAM DAUGHTREY CO-DIRECTOR UPPER SCHOOL 40.0 X 129382 24954 WILLIAM O'NEIL ASSISTANT HEADMASTER 40.0 X 163013 32106 JONATHAN BRIDGE ASSISTANT HEADMASTER FOR ADV. 40.0 X 189992 53996 BRUCE WILHELM HEAD OF SHAKER 40.0 X 147974 103236 GREG MALKIN DIRECTOR OF ENTREPRENEUR PROG. 40.0 X 128105 22838 1306292 0 466247 7 false true false ALBERT M HIGLEY 2926 CHESTER AVENUE CLEVELAND OH 44114 CONSTRUCTION 8259232 CENTERBROOK ARCHITECTS PO BOX 955 CENTERBROOK CT 06409 ARCHITECT 446042 AQUAMOON 700 NORTH SACRAMENTO SUITE 121 CHICAGO IL 60612 AQUARIUM 119838 PRIME BUCHHOLZ ASSOCIATES PO BOX 10611 LEWSTON ME 04243 INV. CONSULTING 101378 4 2514122 301331 3585763 1538322 6401216 ACADEMIC TUITION 900099 19557855 19557855 STUDENT FEES 900099 2983051 2983051 AUXILIARY FUNCTIONS 900099 838364 838364 OTHER OPERATING INCOME 900099 61525 61525 23440795 2609494 2609494 0 0 39417 39417 0 39417 39417 22294078 9738 21180314 1113764 9738 1123502 1123502 0 0 0 0 33614424 23440795 3772413 0 4043389 4043389 0 0 497600 124400 248800 124400 0 12867671 10728200 1483112 656359 1234604 950645 246921 37038 987761 760576 197552 29633 2262500 1742125 452500 67875 0 34667 32934 1733 46120 43814 2306 0 0 0 0 0 706775 565420 141355 778256 778256 0 0 0 0 0 667384 667384 0 2863192 2863192 199104 199104 UTILITIES 620786 620786 AUXILIARY OPERATIONS 1021820 1021820 REPAIRS & MAINTENANCE 524014 524014 OTHER OPERATING EXPENSES 601531 541378 30077 30076 1978639 1438672 469853 70114 31935813 27569361 3346918 1019534 0 0 4121922 4255527 13561236 9622564 196598 254800 0 0 0 0 0 0 177241 172295 1186841 1264982 106160962 37789288 61180414 68371674 39772801 42992506 34736596 40492595 0 0 0 0 12138060 2384609 167071709 169811552 3595724 2543932 0 0 2611625 2768148 32243580 25096753 0 0 0 0 0 0 0 0 907357 2572586 39358286 32981419 X 65191656 75635415 21428704 18638471 41093063 42556247 127713423 136830133 167071709 169811552 1678611 7438099 X false true X true false X 8449853 19481808 15790200 9280183 6401216 59403260 0 0 8449853 19481808 15790200 9280183 6401216 59403260 27098892 32304368 2088677 2047609 2062550 2005877 2648911 10853624 0 0 70256884 110057393 0.45980 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72471451 903859 10881043 2794571 81461782 65623912 3265084 7307832 3725377 72471451 63647970 6010262 -720323 3313997 65623912 58400373 949770 11288487 6990660 63647970 54685456 1042157 6421863 3749103 58400373 0.40225 0.51343 0.08433 false false 2715191 2715191 99500410 35891381 63609029 3945361 1897907 2047454 68371674 ALTERNATIVE INVESTMENTS 40256533 F BENEFICIAL INTEREST IN TRUST 236062 F 40492595 0 SPLIT INTEREST AGREEMENTS 422700 INTEREST RATE SWAP 349886 LINE OF CREDIT-CONSTRUCTION 1800000 2572586 X 37870034 7438099 625000 235900 8298999 29571035 4043389 4043389 33614424 28750925 625000 233501 858501 27892424 4043389 4043389 31935813 INTENDED USE OF ENDOWMENT FUNDS - PART V, LINE 4: INCOME FROM ENDOWMENT FUNDS AND BOARD-DESIGNATED FUNDS IS APPROPRIATED BASED ON AN APPROVAL PROCESS THROUGH THE BOARD OF TRUSTEES. SPECIFIC COMMITTEES RECOMMEND AMOUNTS TO BE DISBURSED FROM THE ACCUMULATED EARNINGS OF THE ENDOWMENT FUNDS, WHICH ARE THEN APPROVED FOR APPROPRIATION BY THE BOARD OF TRUSTEES. ENDOWMENT FUNDS DISBURSEMENTS ARE USED TO FURTHER THE EXEMPT EDUCATIONAL PURPOSES OF THE SCHOOL. FIN 48 (ASC 740) FOOTNOTE - PART X, LINE 2: INCOME TAXES - THE SCHOOL AND THE ASSOCIATION (A RELATED ORGANIZATION INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS) ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEY BELIEVE THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SCHOOL'S AND THE ASSOCIATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. OTHER CHANGES IN REVENUE - PART XI, LINE 2D: NET REVENUE OF UNIVERSITY SCHOOL ALUMNI ASSOCIATION WHICH WAS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS WITH UNIVERSITY SCHOOL: $235,900. OTHER CHANGES IN EXPENSES - PART XII, LINE 2D: NET EXPENSES OF UNIVERSITY SCHOOL ALUMNI ASSOCIATION WHICH WERE INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS WITH UNIVERSITY SCHOOL: $233,501. true true true true true true true false false false false false false false false true false true Publication of Racially Nondiscriminatory Policy - Part I, Line 3: The school's admission policies are published in five major newspapers each year in accordance with Rev. Proc. 75-50. AID FROM A GOVERNMENTAL AGENCY - PART I, LINE 6A: THE SCHOOL RECEIVES ALLOCATIONS FROM THE STATE OF OHIO UNDER THE AUXILIARY SERVICES PROGRAM, WHICH PROVIDES TEXTBOOKS, MATERIALS, REIMBURSEMENTS OF CERTAIN ADMINISTRATIVE COSTS, AND FOOD TO STUDENTS. North America Investments 1867450 Central America and the Caribbean Investments 4871952 Europe (Including Iceland and Greenland) Investments 3000000 9739402 9739402 true false true false true false true STUDENT FINANCIAL AID 254 4043389 Monitoring Use of Grant Funds - Part I, Line 2: UNIVERSITY SCHOOL GRANTS SCHOLARSHIPS ON AN AS-NEEDED BASIS WITHOUT REGARD TO RACE, RELIGION, OR CREED. ALL STUDENTS WHO PASS AN ENTRANCE EXAM ARE ELIGIBLE TO APPLY FOR FINANCIAL AID. APPLICATIONS ARE REVIEWED BY AN OUTSIDE AGENCY AND RECOMMENDATIONS ARE COMMUNICATED TO THE SCHOOL'S FINANCIAL AID COMMITTEE. THE COMMITTEE MEETS AND REVIEWS THE RECOMMENDATIONS AND AWARDS THE SCHOLARSHIPS ACCORDINGLY. X X X X false true X X X X false true false false false false false true false STEVE MURRAY HEADMASTER 323833 54100 140450 40971 559354 0 DAVID WRIGHT FINANCE DIRECTOR 169893 0 0 32660 15036 217589 0 WILLIAM DAUGHTREY CO-DIRECTOR UPPER SCHOOL 129382 0 0 12950 12004 154336 0 WILLIAM O'NEIL ASSISTANT HEADMASTER 163013 0 0 16645 15461 195119 0 JONATHAN BRIDGE ASSISTANT HEADMASTER FOR ADV. 173492 16500 0 17535 36461 243988 0 BRUCE WILHELM HEAD OF SHAKER 147974 0 0 15275 87961 251210 0 GREG MALKIN DIRECTOR OF ENTREPRENEUR PROG. 113743 14362 0 11587 11251 150943 0 BENEFITS PROVIDED TO CERTAIN EMPLOYEES - PART I, LINE 1A: TRAVEL FOR COMPANIONS: STEVE MURRAY'S WIFE RECEIVES REIMBURSEMENTS FOR TRAVEL EXPENSES FROM THE SCHOOL ONLY WHEN THERE IS A BUSINESS PURPOSE FOR HER ACCOMPANYING HER HUSBAND ON TRIPS. THESE REIMBURSEMENTS ARE NOT TREATED AS TAXABLE INCOME TO MR. MURRAY. HOUSING ALLOWANCE: THE SCHOOL PROVIDES A HOUSE ON CAMPUS TO STEVE MURRAY. MR. MURRAY IS REQUIRED TO LIVE ON CAMPUS AS PART OF HIS DUTIES AS HEADMASTER OF THE SCHOOL. NO TAXABLE COMPENSATION IS IMPUTED FOR THE USE OF THE HOUSE. SOCIAL CLUB DUES: THE SCHOOL PAYS COUNTRY CLUB DUES FOR STEVE MURRAY. MR. MURRAY USES THE CLUB FOR BUSINESS PURPOSES, AND NO TAXABLE INCOME IS IMPUTED FOR THIS BENEFIT. PERSONAL SERVICES: MAID SERVICE IS PROVIDED TO MR. MURRAY FOR THE SCHOOL-OWNED HOUSE IN WHICH HE RESIDES. NO TAXABLE INCOME IS IMPUTED FOR THIS BENEFIT. WRITTEN POLICY FOR PAYMENT OR REIMBURSEMENT - PART I, LINE 1B: WHILE THE SCHOOL DOES NOT HAVE A FORMAL WRITTEN POLICY FOR THE BENEFITS PROVIDED TO MR. MURRAY, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINED THE COMPENSATION AND BENEFITS PACKAGE. THE INDIVIDUALS ON THIS COMMITTEE ARE INDEPENDENT OF MR. MURRAY. SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLAN - PART I, LINE 4B: THE SCHOOL SPONSORED A SECTION 457(f) PLAN FOR THE FINANCE DIRECTOR. CONTRIBUTIONS OF $15,000 FOR MR. WRIGHT (FINANCE DIRECTOR) WERE MADE TO THE PLAN DURING THIS FISCAL YEAR. A CUYAHOGA COUNTY ECONOMIC DEVELOPMENT REVENUE BONDS 340714720 2010-12-13 17000000 EDUCATIONAL FACILITIES false false false B CUYAHOGA COUNTY ECONOMIC DEVELOPMENT REVENUE BONDS 340714720 2012-11-01 15000000 EDUCATIONAL FACILITIES false false false A 0 0 17000000 0 0 0 127000 0 0 16873000 0 0 2012 true false true true B 14920114 0 15000000 0 0 0 79886 0 0 0 0 0 2012 true false true true A false false false false 0.00000 0.00000 0.00000 false false false false B false false false false 0.00000 0.00000 0.00000 false false false false A false true false false true true JP MORGAN CHASE 16. false false false 0 false true B false true false false false false 0 false 0 false true A false B false X 22 1538322 FMV false false true USE OF THIRD PARTIES - PART I, LINE 32A: THE SCHOOL USES A SECURITIES BROKER TO SELL CERTAIN DONATED SECURITIES. THE FEES CHARGED BY THE BROKER ARE AT OR BELOW FAIR MARKET VALUE. FAMILY RELATIONSHIPS - FORM 990, PART VI, LINE 2: JAMES GRISWOLD AND JOHN GRISWOLD HAVE A FAMILY RELATIONSHIP. REVIEW OF FORM 990 - FORM 990, PART VI, LINE 11B: THE BOARD OF TRUSTEES HAS DELEGATED THE REVIEW OF FORM 990 TO THE FINANCE COMMITTEE. UPON COMPLETION OF THAT REVIEW, THE HIGHLIGHTS OF THE RETURN ARE REPORTED TO THE FULL BOARD. MONITORING AND ENFORCEMENT OF CONFLICT POLICY - FORM 990,PART VI,LINE 12C: THE SCHOOL'S CONFLICT OF INTEREST POLICY IS MAILED ANNUALLY TO TRUSTEES AND DISTRIBUTED AT BOARD MEETINGS. WHEN A CONFLICT ARISES, THE INDIVIDUAL IS NOT PERMITTED TO VOTE OR PARTICIPATE IN THE DISCUSSION OF THE TRANSACTION. PERSONS THAT ARE INDEPENDENT OF THE INDIVIDUAL WITH THE CONFLICT MAKE THE DECISION ABOUT THE TRANSACTION. THE DELIBERATIONS AND DECISION ARE DOCUMENTED IN THE MINUTES OF THE BOARD. COMPENSATION REVIEW AND APPROVAL - FORM 990, PART VI, LINE 15: THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THE HEADMASTER AND FINANCE DIRECTOR ANNUALLY. THE FINANCE DIRECTOR REVIEWS THE COMPENSATION OF THE EXECUTIVE STAFF. PERIODICALLY, COMPARABLE COMPENSATION DATA FROM OTHER SIMILAR SCHOOLS IS REVIEWED AND THE DATA IS USED IN DETERMINING THE COMPENSATION OF THE EXECUTIVE STAFF. THE MEMBERS OF THE BOARD ARE INDEPENDENT OF THE EXECUTIVE STAFF AND OTHER EMPLOYEES OF THE SCHOOL. AVAILABILITY OF DOCUMENTS - FORM 990, PART VI, LINE 19: THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PROVIDED TO GOVERNING BODY - FORM 990, PART VI, LINE 11A: THE SCHOOL HAS DISTRIBUTED FORM 990 TO THE FULL BOARD OF TRUSTEES WITH THE EXCEPTION OF DONOR INFORMATION ON SCHEDULE B. THE SCHOOL BELIEVES THAT DONOR INFORMATION IS CONFIDENTIAL. AS SUCH, WE ARE REQUIRED TO ANSWER "NO" TO THE QUESTION ON LINE 11A EVEN THOUGH A COPY OF FORM 990 (WITH REDACTED DONOR INFORMATION ON SCHEDULE B) WAS PROVIDED TO THE TRUSTEES. University School Alumni Association 20701 Brantley Road Shaker Heights OH 44122 346513026 Alum Relation OH 501(c)(3) 11A Univ School true false false true false false false false false false false false false false false false false false false University School Alumni Association C 2514122 FMV