2015-01-26T09:40:48-06:00 2014-06-30 510232475 COVER & ROSSITER PA 62 ROCKFORD ROAD SUITE 200 WILMINGTON DE 19806 990 2013-07-01 510065745 TOWER HILL SCHOOL ASSOCIATION TOWE 3026578360 2813 WEST 17TH STREET WILMINGTON DE 19806 HARRY BAETJER HEADMASTER 3026578360 2015-01-26 1 PETER S KENNEDY CPA P00571422 3026566632 2015-01-26 2013 2016-03-07 17:11:31Z HARRY BAETJER 2813 WEST 17TH STREET WILMINGTON DE 19806 59706160 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 19 221 200 0 0 2355254 2441642 16828118 17449515 331518 5020255 -1337740 372885 18177150 25284297 1861281 2041975 0 0 11499183 11614820 0 0 452703 6775334 7713302 20135798 21370097 -1958648 3914200 68258149 71252638 4922595 4799240 63335554 66453398 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 AND IS DEDICATED TO ITS MOTTO, MULTA BENE FACTA -- MANY THINGS DONE WELL. 0 0 17902118 2041975 17391041 EDUCATIONAL PROGRAMS - TOWER HILL IS A CO-EDUCATIONAL INDEPENDENT SCHOOL WITH 747 STUDENTS FROM 3 YEARS OLD THROUGH GRADE 12. THE LOWER SCHOOL ACHIEVED ENROLLMENT OF 264 STUDENTS, THE MIDDLE SCHOOL WITH 231 STUDENTS AND THE UPPER SCHOOL WITH 252 STUDENTS. TOWER HILL GRADUATED 57 STUDENTS IN THE CLASS OF 2014. MEMBERS OF THIS CLASS NOW ATTEND CORNELL, JOHNS HOPKINS (2), THE UNIVERSITY OF ROCHESTER (3), JOHN JAY COLLEGE OF CRIMINAL JUSTICE, WAKE FOREST, NYU, YALE, UNIVERSITY OF DELAWARE AND ITS HONORS PROGRAM (8), UNIVERSITY OF MIAMI, KENYON, GEORGETOWN, LEHIGH, WASHINGTON UNIVERSITY IN ST. LOUIS, TEXAS CHRISTIAN UNIVERSITY, BOSTON COLLEGE, COLUMBIA, HOBART AND WILLIAM SMITH, BUCKNELL, MOREHOUSE, UNIVERSITY OF RICHMOND (2), NOTRE DAME, AND THE UNITED STATES MERCHANT MARINE ACADEMY. 201273 300515 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. 114271 109169 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. 18217662 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 43 0 1 221 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 1 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 MICHAEL P KELLY 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 DENNIS ZELENY TRUSTEE 2.00 X 0 0 0 MR CHRISTOPHER SARIDAKIS TRUSTEE 2.00 X 0 0 0 MR HARRY BAETJER HEADMASTER 40.00 X 114045 0 27579 MS JANET PLYLER BUSINESS MANAGER 40.00 X 135110 0 20812 DR CHRISTOPHER WHEELER FORMER HEADMASTER 40.00 X 388803 0 13217 MS JULIE TOPKIS-SCANLAN CHIEF ADVANCEMENT OFFICER 40.00 X 149542 0 40655 MS JACQUELYN HAMILTON HEAD OF LOWER SCHOOL 40.00 X 123919 0 10238 MR JOHN F HOLLOWAY DIRECTOR OF ATHLETICS 40.00 X 104148 0 8462 MR KELLY DESHANE DIRECTOR OF ADMISSION 40.00 X 104687 0 38936 MR PAUL CAPODANNO HEAD OF MIDDLE SCHOOL 40.00 X 101486 0 8074 1221740 0 167973 8 0 1 0 WILLIAMSON HOSPITALITY SERVICE INC 97 GREAT VALLEY PARKWAY MALVERN PA 19355 DINING SERVICE 690840 NOWLAND ASSOCIATES INC 2009 OGLETOWN RD NEWARK DE 19711 CONSTRUCTION 555155 NASH OMNISCAPING LLC P O BOX 40 MONTCHANIN DE 19710 LANDSCAPER 418250 YOUNG CONAWAY STARGATT & TAYLOR LLP 1000 NORTH KING STREET WILMINGTON DE 19801 LEGAL SERVICE 379666 FIRST CHOICE CLEANING SERVICE 1722 NEWPORT GAP PIKE WILMINGTON DE 19808 CLEANING SERVICE 295610 9 2441642 943953 2441642 TUITION 611600 17039831 17039831 AFTER CARE 611600 300515 300515 SUMMER SCHOOL 611600 109169 109169 17449515 295784 295784 21675 0 21675 21675 21675 38537953 33812371 1111 4725582 -1111 4724471 4724471 906024 608381 297643 297643 MISCELLANEOUS 611600 53567 53567 53567 25284297 17800725 0 5041930 2041975 2041975 480662 189191 258795 32676 8958181 7836240 905434 216507 615298 523163 75891 16244 896620 762360 110589 23671 664059 564623 81905 17531 383930 383930 49000 49000 60821 60821 18911 18911 2750 2750 166795 166795 53576 53576 1569368 1569368 1947457 1947457 120574 120574 FACULTY REMISSION 1217588 1217588 EDUCATION-RELATED EXPEN 1162902 1162902 MISCELLANEOUS EXPENSES 512193 512193 ALUMNI & PUBLIC RELATIO 165216 19142 146074 282221 282221 21370097 18217662 2699732 452703 861038 1792450 141950 742530 515 5440 104161 24881 21195 78467 36951 59454779 24133207 30023525 35321572 30732957 33332500 6290655 0 68258149 71252638 4786421 4642173 136174 157067 4922595 4799240 X 42956418 44417864 489878 2006337 19889258 20029197 63335554 66453398 68258149 71252638 3914200 -796356 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28469653 139939 4149451 1175000 31584043 26488424 92538 3063691 1175000 28469653 29035520 23068 -1320164 1250000 26488424 25677804 162210 4445506 1250000 29035520 24105592 10516 2839991 1278295 25677804 0.32190 0.63440 0.04370 0 0 3247658 3247658 44796474 15909359 28887115 8432474 5332431 3100043 2978173 2891417 86756 35321572 SECURITIES AND OTHER INVESTMENTS 33332500 F 33332500 STUDENT GROUP FUNDS 157067 157067 X 21826789 -796356 609492 -186864 22013653 3270644 3270644 25284297 18707834 608381 608381 18099453 3270644 3270644 21370097 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 YEARS ENDED JUNE 30, 2014. NO TAX YEARS PRIOR TO 2011 REMAIN SUBJECT TO EXAMINATION BY FEDERAL JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST GOODS SOLD 608,381. LOSS ON RETIREMENT OF ASSETS 1,111. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,041,975. TUITION REMISSION & OTHER TUITION RELATED 1,228,669. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 608,381. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,041,975. TUITION REMISSION & OTHER TUITION-RELATED 1,228,669. 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. 1 SCHOLARSHIPS 182 2041975 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 X 1 1 X X X 0 0 0 0 0 0 0 0 0 MS JANET PLYLER BUSINESS MANAGER 135110 0 0 0 0 0 9730 0 11082 0 155922 0 0 0 DR CHRISTOPHER WHEELER FORMER HEADMASTER 294642 0 0 0 94161 0 9693 0 3524 0 402020 0 0 0 MS JULIE TOPKIS-SCANLAN CHIEF ADVANCEMENT OFFICER 149542 0 0 0 0 0 9713 0 30942 0 190197 0 0 0 SCHEDULE J PART II LINE 2 (I) COLUMN (B) LINE 2 (I), COLUMN (B) (I): DR. WHEELER'S BASE COMPENSATION CONSISTS OF W-2 WAGES PAID FROM JANUARY 1 THROUGH OCTOBER 22, 2013 (DATE OF DISMISSAL). LINE 2 (I), COLUMN (B) (III): DR. WHEELER'S OTHER REPORTABLE COMPENSATION CONSISTS OF THE PORTION OF LOANS MADE TO HIM BY THE SCHOOL WHICH WERE BEING REPAID THROUGH PAYROLL DEDUCTION. UPON DR. WHEELER'S DISMISSAL, THE LOAN BALANCE BECAME UNCOLLECTIBLE. THIS AMOUNT WAS REPORTED ON FORM 1099-C FOR 2013. DR CHRISTOPHER WHEELER FORMER HEADMASTER RETENTION LOAN X 100000 0 1 1 1 DR CHRISTOPHER WHEELER FORMER HEADMASTER 94161 LOAN DEFAULT UNABLE TO COLLECT X 10 943953 PUBLICLY TRADED VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE BUSINESS MANAGER AND APPROVED BY THE HEADMASTER AND BOARD OF TRUSTEES EXECUTIVE COMMITTEE. IT IS THEN COMMUNICATED TO THE ENTIRE BOARD OF TRUSTEES THAT THE EXECUTIVE COMMITTEE APPROVED THE FORM 990 FOR FILING. 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 HEADMASTER'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.