2015-12-04T15:36:34-06:00 2015-06-30 510232475 COVER & ROSSITER PA 62 ROCKFORD ROAD SUITE 200 WILMINGTON DE 19806 990 2014-07-01 510065745 TOWER HILL SCHOOL ASSOCIATION TOWE 3026578360 2813 WEST 17TH STREET WILMINGTON DE 19806 ELIZABETH C SPEERS HEAD OF SCHOOL 3026578360 2015-12-04 1 PETER S KENNEDY CPA P00571422 3026566632 2015-12-04 2014 2016-03-07 17:11:31Z ELIZABETH C SPEERS 2813 WEST 17TH STREET WILMINGTON DE 19806 24457667 0 X WWW.TOWERHILL.ORG X 1919 DE TOWER HILL SCHOOL IS A CO-EDUCATIONAL SCHOOL FOR STUDENTS 3 YEARS OLD THROUGH GRADE 12. 19 19 224 205 0 0 2441642 2013640 17449515 17621367 5020255 -353330 372885 421650 25284297 19703327 2041975 2079330 0 0 11614820 11825837 0 0 474341 7713302 7637620 21370097 21542787 3914200 -1839460 71252638 71324090 4799240 5200349 66453398 66123741 X TOWER HILL PROVIDES AN ENRICHED AND CHALLENGING COLLEGE PREPARATORY PROGRAM IN WHICH EACH STUDENT'S ABILITIES AND TALENTS ARE RECOGNIZED AND RESPECTED. THE CURRICULUM INCORPORATES BOTH TRADITIONAL AND INNOVATIVE APPROACHES TO LEARNING WITHIN AN EDUCATIONAL ENVIRONMENT THAT NURTURES EACH STUDENT'S MORAL, INTELLECTUAL, CREATIVE, AND PHYSICAL DEVELOPMENT.TOWER HILL IS COMMITTED TO PERPETUATING A SCHOOL COMMUNITY FOUNDED ON PERSONAL INTEGRITY, MUTUAL RESPECT, AND COLLECTIVE RESPONSIBILITY. THE SCHOOL PREPARES ITS STUDENTS FOR CITIZENSHIP IN THE GLOBAL COMMUNITY AND, ENCOURAGES AN APPRECIATION FOR THE LIFELONG PROCESS OF LEARNING. 0 0 18560153 2079330 17605214 EDUCATIONAL PROGRAMS - TOWER HILL IS A CO-EDUCATIONAL INDEPENDENT SCHOOL WITH 731 STUDENTS FROM 3 YEARS OLD THROUGH GRADE 12. THE LOWER SCHOOL ACHIEVED ENROLLMENT OF 291 STUDENTS, THE MIDDLE SCHOOL WITH 174 STUDENTS AND THE UPPER SCHOOL WITH 266 STUDENTS. TOWER HILL GRADUATED 64 STUDENTS IN THE CLASS OF 2015. MEMBERS OF THIS CLASS NOW ATTEND YALE UNIVERSITY, BOSTON COLLEGE (2), JOHN HOPKINS UNIVERSITY (2), GEORGE WASHINGTON UNIVERSITY, CORNELL UNIVERSITY, DUKE UNIVERSITY, UNIVERSITY OF CALIFORNIA - BERKELEY, UNIVERSITY OF CALIFORNIA - LOS ANGELES, BARNARD COLLEGE, BATES COLLEGE, BOSTON UNIVERSITY, BRYN MAWR COLLEGE, CARLETON COLLEGE, CLEMSON UNIVERSITY, COLBY COLLEGE, DICKINSON COLLEGE, EMORY UNIVERSITY, FRANKLIN & MARSHALL COLLEGE, GEORGETOWN UNIVERSITY (2), GETTYSBURG COLLEGE, LEBANON VALLEY COLLEGE (2), LEHIGH UNIVERSITY (2), MUHLENBERG COLLEGE, NEW YORK UNIVERSITY (2), PENNSYLVANIA STATE UNIVERSITY, PRATT INSTITUTE, ROLLINS COLLEGE, SWARTHMORE COLLEGE, SYRACUSE UNIVERSITY, TEXAS CHRISTIAN UNIVERSITY, TUFTS UNIVERSITY (2), TULANE UNIVERSITY, UNIVERSITY OF ST. ANDREWS - SCOTLAND, UNIVERSITY OF ALABAMA (2), UNIVERSITY OF DELAWARE (9), UNIVERSITY OF DELAWARE - HONOR PROGRAM (4), UNIVERSITY OF GEORGIA, UNIVERSITY OF KENTUCKY, VILLANOVA UNIVERSITY (2), WAKE FOREST UNIVERSITY, WASHINGTON AND LEE UNIVERSITY, WASHINGTON COLLEGE, FURMAN UNIVERSITY, AND WESLEYAN UNIVERSITY. 201771 311272 AFTER SCHOOL PROGRAM - THE AFTER SCHOOL PROGRAM SERVICES TOWER HILL STUDENTS AGE 3 THROUGH GRADE 6 EVERY SCHOOL DAY FROM 2:45PM TO 6:00PM. THIS PROGRAM PROVIDES A CONTINUATION OF THE ATTENTION AND GUIDANCE THEY RECEIVE IN TOWER HILL'S CLASSROOMS, BUT IN A MORE HOME-LIKE SETTING. SUPERVISED HOMEWORK TIME, INSIDE PLAY AND OUTDOOR SPORTS, AND AGE-APPROPRIATE ACTIVITIES GIVE STUDENTS THE CHANCE TO FULFILL THEIR RESPONSIBILITIES AND GIVE THEIR IMAGINATIONS A WORKOUT TOO. OUR ENRICHMENT OFFERINGS INCLUDE PROGRAMS SUCH AS LET'S TALK CHINESE, DRAMA TIME, CHESSNUTS, LEGO EDUCATION COURSES, SEWING ON THE GO, GOLF, KARATE, DARE TO DANCE, SOCCER, AND TENNIS, AMONG OTHERS. 113495 119555 SUMMER CAMP PROGRAM - THE SUMMER CAMP PROGRAM ENROLLED AN AVERAGE OF 100 CAMPERS PER WEEK OVER THE COURSE OF AN 8 WEEK CAMP PERIOD. NEW PROGRAM INITIATIVES AND ENHANCED MARKETING EFFORTS ATTRACTED CHILDREN NEW TO THE CAMP AND THE MARKET AREA FROM WHICH CHILDREN WERE DRAWN WAS EXPANDED. OUR CAMPERS ENJOYED PROGRAMS SUCH AS DAY CAMP, ACADEMIC PREP, CHEMISTRY PREP, STUDY SKILLS, FIELD HOCKEY, LACROSSE, BASKETBALL, BASEBALL, FOOTBALL, SPORTS PLUS, AND A DAY CAMP DESIGNED FOR PRESCHOOL AGED CHILDREN. THE GOAL OF THE CAMP IS TO INTRODUCE PARENTS AND CHILDREN TO TOWER HILL SCHOOL AND TO PROVIDE ENGAGING ACTIVITIES DURING THE SUMMER MONTHS FOR OUR STUDENTS. 18875419 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 37 0 1 224 1 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X BUSINESS OFFICE TOWER HILL SCHOOL 3026578360 1611 TOWER ROAD WILMINGTON DE 19806 DR EARL J BALL III CHAIR 5.00 X X 0 0 0 MS ELLEN J KULLMAN VICE CHAIR 5.00 X X 0 0 0 MR WILLIAM H DAIGER JR TREASURER 5.00 X X 0 0 0 MS LINDA R BOYDEN SECRETARY 5.00 X X 0 0 0 MR THEODORE H ASHFORD III TRUSTEE 2.00 X 0 0 0 MR BENJAMIN DU PONT TRUSTEE 2.00 X 0 0 0 MR CHARLES M ELSON TRUSTEE 2.00 X 0 0 0 MR W WHITFIELD GARDNER TRUSTEE 2.00 X 0 0 0 MR PIERRE DUP HAYWARD TRUSTEE 2.00 X 0 0 0 DR ERIC JOHNSON TRUSTEE 2.00 X 0 0 0 MR HENRY MELLON TRUSTEE 2.00 X 0 0 0 MS ANN ROSE TRUSTEE 2.00 X 0 0 0 DR DAVID P ROSELLE TRUSTEE 2.00 X 0 0 0 MS MICHELLE SHEPHERD TRUSTEE 2.00 X 0 0 0 MR MATTHEW T TWYMAN III TRUSTEE 2.00 X 0 0 0 MR LANCE L WEAVER TRUSTEE 2.00 X 0 0 0 MR JON ABRAMCZYK TRUSTEE 2.00 X 0 0 0 DR ANTHONY CUCUZZELLA TRUSTEE 2.00 X 0 0 0 MR REGIS DERAMEL TRUSTEE 2.00 X 0 0 0 MR HARRY BAETJER ACTING HEAD OF SCHOOL 40.00 X 204874 0 32177 MS JANET PLYLER BUSINESS MANAGER 40.00 X 144761 0 20902 MS JULIE TOPKIS-SCANLAN CHIEF ADVANCEMENT OFFICER 40.00 X 158183 0 41113 MS JACQUELYN HAMILTON HEAD OF LOWER SCHOOL 40.00 X 131415 0 10033 MR KELLY DESHANE DIRECTOR OF ADMISSION 40.00 X 108762 0 40691 MR DANIEL HICKEY ASSISTANT HEAD OF SCHOOL, HEAD OF UPPER SCHOOL 40.00 X 108863 0 62320 MR PAUL CAPODANNO HEAD OF MIDDLE SCHOOL 40.00 X 110219 0 28333 967077 0 235569 8 0 1 0 WILLIAMSON HOSPITALITY SERVICE INC 97 GREAT VALLEY PARKWAY MALVERN PA 19355 DINING SERVICE 684452 YOUNG CONAWAY STARGATT & TAYLOR LLP 1000 NORTH KING STREET WILMINGTON DE 19801 LEGAL SERVICE 331406 NASH OMNISCAPING LLC P O BOX 40 MONTCHANIN DE 19710 LANDSCAPER 325156 FIRST CHOICE CLEANING SERVICE 1722 NEWPORT GAP PIKE WILMINGTON DE 19808 CLEANING SERVICE 300216 BOSS ENTERPRISE INC 41-D GERMAY DR WILMINGTON DE 19804 CONSTRUCTION 211746 6 2013640 6251 2013640 TUITION 611600 17190540 17190540 AFTER CARE 611600 311272 311272 SUMMER SCHOOL 611600 119555 119555 17621367 484269 484269 6976 0 6976 6976 6976 3312710 4149328 981 -836618 -981 -837599 -837599 888807 604031 284776 284776 MISCELLANEOUS 611600 129898 129898 129898 19703327 18036041 0 -346354 2079330 2079330 357225 133100 210530 13595 9032317 7878277 913524 240516 646763 551834 77426 17503 1121649 957018 134276 30355 667883 569853 79955 18075 126438 126438 35500 35500 113928 113928 21132 21132 4838 4838 173861 173861 56142 56142 1650178 1650178 1981281 1981281 124084 124084 FACULTY REMISSION 1329755 1329755 EDUCATION-RELATED EXPEN 1137172 1137172 HEADMASTER SEARCHING 331932 331932 MISCELLANEOUS EXPENSES 225444 225444 325935 151605 20033 154297 21542787 18875419 2193027 474341 1792450 1394639 742530 1940988 5440 10409 21195 24197 36951 42896 59589906 26041660 35321572 33548246 33332500 34362715 71252638 71324090 4642173 5037404 157067 162945 4799240 5200349 X 44417864 44371872 2006337 1661716 20029197 20090153 66453398 66123741 71252638 71324090 -1839460 1509803 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31584043 60956 1030216 1245000 31430215 28469653 139939 4149451 1175000 31584043 26488424 92538 3063691 1175000 28469653 29035520 23068 -1320164 1250000 26488424 25677804 162210 4445506 1250000 29035520 0.31880 0.63920 0.04200 0 0 3247658 3247658 44931600 17062627 27868973 8432475 6074905 2357570 2978173 2904128 74045 33548246 SECURITIES AND OTHER INVESTMENTS 34362715 F 34362715 STUDENT GROUP FUNDS 162945 162945 X 18408806 1509803 604031 2113834 16294972 3408355 3408355 19703327 18738463 604031 604031 18134432 3408355 3408355 21542787 PART X, LINE 2: THE ASSOCIATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10-50, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT CONTINUOUSLY EVALUATES THE ASSOCIATION'S TAX POSITIONS IN RELATION TO ANY EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW OR NEW AUTHORITATIVE RULINGS, AS APPLICABLE. MANAGEMENT'S EVALUATION IS THAT THERE IS NO POSSIBLE ADDITIONAL UNRECORDED INCOME TAX LIABILITY. THIS EVALUATION IS BASED ON SETTLED AND ESTABLISHED POSITIONS WITHIN THE INTERNAL REVENUE CODE AND MANAGEMENT BELIEVES THERE IS NO SIGNIFICANT UNCERTAINTY RELATED TO ITS EVALUATION. THE ASSOCIATION'S POLICY IS TO EXPENSE ALL INTEREST AND PENALTIES, IF ANY, AS INCURRED. NO AMOUNTS OF INTEREST OR PENALTIES WERE RECOGNIZED BY THE SCHOOL DURING THE YEAR ENDED JUNE 30, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST GOODS SOLD 604,031. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 2,079,330. TUITION REMISSION & OTHER TUITION RELATED 1,329,025. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 604,031. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 2,079,330. TUITION REMISSION & OTHER TUITION-RELATED 1,329,025. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S DIVERSITY POLICIES ARE CONTAINED IN VARIOUS MEDIA NOTICES WHICH INCLUDE, BUT ARE NOT LIMITED TO, THE TOWER HILL GUIDE BOOK AND APPLICATION FORM PROVIDED TO PROSPECTIVE FAMILIES, THE TOWER HILL WEBSITE AND THROUGH OUR MEMBERSHIP WITH ADVIS. CARIBBEAN 0 0 INVESTMENTS 1525724 0 0 0 0 0 0 1525724 0 1525724 0 0 0 0 0 0 1 SCHOLARSHIPS 180 2079330 PART I, LINE 2: THE SCHOOL AWARDS SCHOLARSHIPS TO STUDENTS BASED ON DEMONSTRATED FINANCIAL NEED AND RECORDS ARE MAINTAINED IN THE ADMISSIONS OFFICE. X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MR HARRY BAETJER ACTING HEAD OF SCHOOL 204874 0 0 0 0 0 17200 0 14977 0 237051 0 0 0 MS JANET PLYLER BUSINESS MANAGER 144761 0 0 0 0 0 9956 0 10946 0 165663 0 0 0 MS JULIE TOPKIS-SCANLAN CHIEF ADVANCEMENT OFFICER 158183 0 0 0 0 0 9951 0 31162 0 199296 0 0 0 MR DANIEL HICKEY ASSISTANT HEAD OF SCHOOL, HEAD OF UP 108863 0 0 0 0 0 7963 0 54357 0 171183 0 0 0 X 1 73321 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE BUSINESS MANAGER AND APPROVED BY THE HEAD OF SCHOOL AND BOARD OF TRUSTEES EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE REPORTS TO THE BOARD OF TRUSTEES THAT FORM 990 HAS BEEN APPROVED AND FILED AND IS AVAILABLE TO BOARD MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED ANNUALLY TO SIGN CONFLICT OF INTEREST STATEMENTS AND DISCLOSE ANY KNOWN OR POTENTIAL CONFLICTS OF INTEREST IN THESE STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S ANNUAL COMPENSATION IS REVIEWED ANNUALLY AND APPROVED BY THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE AND REPORTED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE HELD WITH THE SCHOOL AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 1: THE SCHOOL'S POLICY IS TO USE A MODIFIED CASH BASIS OF ACCOUNTING. THE FOLLOWING AREAS HAVE BEEN ACCOUNTED FOR ON A STRICT CASH BASIS: - OPERATING EXPENDITURES - CAPITAL EXPENSES - CONTRIBUTIONS REVENUE - TUITION REVENUE - ALL OTHER MISCELLANEOUS REVENUE AND EXPENSES THE FOLLOWING AREAS HAVE BEEN ACCOUNTED FOR ON AN ACCRUAL BASIS: - TUITION PREPAYMENTS - EMPLOYEE LOANS - ANY BANK DEBTS - MISCELLANEOUS RESERVES AND STUDENT FUNDS FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSIGHT ON THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.