2014-01-15T14:27:47-06:00 2013-06-30 232932984 PARENTEBEARD LLC 1650 MARKET STREET STE 4500 PHILADELPHIA PA 19103 990 2012-07-01 231728281 THE WOODLYNDE SCHOOL CORPORATION WOOD 6106879660 445 UPPER GULPH ROAD STRAFFORD PA 19087 DR CHRISTOPHER FULCO 6106879660 2014-01-13 1 JULIUS GREEN CPA P00350393 2159720701 2012 2015-11-30 17:44:51Z DR CHRISTOPHER FULCO 445 UPPER GULPH ROAD STRAFFORD PA 19087 10415158 0 X WWW.WOODLYNDE.ORG X 1976 PA CO-EDUCATIONAL, COLLEGE PREPARATORY, INDEPENDENT SCHOOL SERVING KINDERGARTEN - 12TH GRADE. 22 22 133 75 0 0 686938 775958 7515959 7708974 249369 313728 37829 63747 8490095 8862407 1153091 1252161 0 0 5933657 5851319 0 0 441459 1594623 1672724 8681371 8776204 -191276 86203 7037127 7642139 1830334 2068761 5206793 5573378 WOODLYNDE SERVES STUDENTS WITH DIVERSE LEARNING STYLES AND EMPOWERS THEM TO BECOME STRATEGIC LEARNERS AND SELF-ADVOCATES IN AN ENVIRONMENT THAT PROVIDES BOTH CHALLENGE AND SUPPORT. 0 0 6862223 1252161 7708974 THE WOODLYNDE EXPERIENCE IS A MULTI-SENSORY PROGRAM WITH RESEARCH BASED INSTRUCTION THAT GIVES STUDENTS THE TOOLS AND STRATEGIES THEY NEED TO BECOME SELF-SUFFICIENT AND CONFIDENT LIFELONG LEARNERS. THE WOODLYNDE PROGRAM MEETS INDIVIDUAL STUDENT NEEDS THROUGH SMALL CLASS SIZE, DIAGNOSTIC TEACHING AND ALTERNATIVE ASSESSMENT, CUTTING EDGE TECHNOLOGY, AND A CARING AND EXPERIENCED FACULTY. WOODLYNDE OFFERS COMPLETE DRAMA, ARTS, AND MUSIC PROGRAMS ALONG WITH AN INCLUSIVE AND COMPETITIVE ATHLETICS PROGRAM. OPPORTUNITIES FOR COMMUNITY SERVICE AND VOLUNTEERISM ARE AVAILABLE FOR ALL STUDENTS. 259 STUDENTS WERE SERVED DURING THE YEAR. 6862223 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 1 133 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X IRENE VAN ZIJL BUSINESS MGR 6102936558 445 UPPER GULPH ROAD STRAFFORD PA 19087 CONNIE KATZ 1.00 X 0 0 0 JANE MULLANY 12.00 X X 0 0 0 MATTHEW W FREDERICK 1.00 X 0 0 0 STEPHEN GUTSCHE 1.00 X 0 0 0 RANDIE HARMELIN 1.00 X 0 0 0 MARYANN O'CONOR 1.00 X X 0 0 0 CHUCK RITER 1.00 X X 0 0 0 BARRY RORER 1.00 X 0 0 0 HARRIET SAMITZ 1.00 X 0 0 0 JOHN J SCHMITZ 1.00 X X 0 0 0 MICHAEL TRUDGEON 1.00 X 0 0 0 CAROL UDVARHELYI 1.00 X X 0 0 0 THERESE WOODMAN 1.00 X 0 0 0 DR PATRICK JOSEPH BRENNAN 1.00 X 0 0 0 MARC N BALCER 1.00 X 0 0 0 DAVID HARTZELL 1.00 X 0 0 0 JANE MCNEIL 1.00 X 0 0 0 GEORGE J PIERSON 1.00 X 0 0 0 MARY LOU STERGE 1.00 X 0 0 0 LESLIE BOWES 1.00 X 0 0 0 JEAN EARHART 1.00 X 0 0 0 BILL RULON-MILLER 1.00 X 0 0 0 TED TORPHY 1.00 X 0 0 0 DR CHRISTOPHER FULCO 40.00 X 220355 0 36783 PENNY MOLDOFSKY 40.00 X 113357 0 11896 LISA KETCHAM 40.00 X 109822 0 10181 443534 0 58860 3 0 1 0 GIBIAN 5248 W TOWNSHIP LINE ROAD DREXEL HILL PA 19026 BUILDING IMPROVEMENTS 215400 FOUR D ELECTRIC 4 RAYMOND DRIVE HAVERTOWN PA 19083 BUILDING IMPROVEMENTS 121500 2 11800 28975 735183 35063 775958 TUITION 611710 7075223 7075223 AUX. PROGRAMS 611710 516367 516367 CAFETERIA 611710 117384 117384 7708974 170440 170440 1678110 1534822 143288 143288 143288 81676 11800 17929 63747 63747 8862407 7708974 0 377475 1252161 1252161 4690304 3715728 708179 266397 180424 140908 32807 6709 594742 458215 100163 36364 385849 273437 93647 18765 6888 6888 22961 22961 12275 12275 109858 651 109195 12 75622 37790 37832 386315 140528 180641 65146 126678 126678 228601 213790 10762 4049 47724 44632 2247 845 5971 5584 281 106 295540 276392 13914 5234 DEPARTMENT EXPENSES 225793 225793 CAFETERIA 98068 98068 PROFESSIONAL DEVELOPMEN 16336 16336 DUES AND SUBSCRIPTIONS 9804 9804 4290 4290 8776204 6862223 1472522 441459 1656 1416 110498 174706 11787 17575 142722 144371 9112576 6064996 2755326 3047580 4015138 4256491 7037127 7642139 666884 634832 813450 943929 350000 490000 1830334 2068761 X 4807237 5304942 363446 231626 36110 36810 5206793 5573378 7037127 7642139 86203 280382 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1081625 700 156607 42454 1196478 1035860 250 77134 31619 1081625 1035860 1035860 0.96560 0.00360 0.03080 0 0 205462 205462 5826989 3969405 1857584 3076276 2095591 980685 3849 3849 3047580 X 7891683 280382 -1192161 -911779 8803462 12275 46670 58945 8862407 7529697 17929 17929 7511768 12275 1252161 1264436 8776204 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT IS USED TO AUGMENT CAPITAL IMPROVEMENT FUNDS AND TO PROVIDE ADDITIONAL FUNDS FOR STUDENT SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE SCHOOL'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR 2012, 2011, AND 2010 REMAIN SUBJECT TO EXAMINATION BY THE IRS. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -1,252,161. WOODLYNDE COMMUNITY CONTRIBUTIONS 60,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: PARENTS' COMMUNITY ACTIVITY 64,599. FUNDRAISING EXPENSES -17,929. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 17,929. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,252,161. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICLY STATES IN THE LOCAL NEWSPAPER ITS RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 WOODLYNDE SCHOOL RECEIVED A GRANT FROM THE STATE OF PENNSYLVANIA FOR THE PURCHASE OF TEXT BOOKS AND OTHER EDUCATION SUPPLIES. THE STATE DIRECTLY PURCHASES THESE ITEMS BASED ON AN APPLICATION SENT IN BY WOODLYNDE SCHOOL. GALA/AUCTION 88877 11800 77077 17929 88877 11800 77077 17929 17929 59148 1 FINANCIAL AID 82 1252161 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FINANCIAL AID BUDGET IS SET ANNUALLY BY THE SCHOOL AND APPROVED BY THE BOARD OF DIRECTORS. THE SCHOOL'S FINANCIAL AID COMMITTEE IS RESPONSIBLE FOR THE ALLOCATION OF ALL FUNDS TO RECIPIENTS WHO DEMONSTRATE NEED. PARENTS WHO APPLY FOR AID ARE REQUIRED TO SUBMIT THEIR FEDERAL AND STATE TAX RETURNS AS WELL AS A FINANCIAL STATEMENT. THESE MATERIALS ARE REVIEWED BY THE FINANCIAL AID COMMITTEE AND A DECISION FOR THE AMOUNT OF AID IS REACHED. ALL DECISIONS ARE FOR A ONE YEAR COMMITMENT ONLY. IF AID IS REQUIRED IN SUBSEQUENT YEARS THE PROCESS IS REPEATED. THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FINANCIAL AID EXPENDITURES INSURING THAT THE TOTALS REMAIN WITHIN THE BUDGETED AMOUNTS. X X 0 0 0 0 0 0 0 0 0 DR CHRISTOPHER FULCO 220355 0 0 0 0 0 10847 0 25936 0 257138 0 0 0 X 28975 FAIR MARKET VALUE X 1 6088 NYSE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD. IT IS THEN DISTRIBUTED TO THE ENTIRE BOARD OF TRUSTEES FOR COMMENT BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AS AN INDEPENDENT SCHOOL WITH LIMITED RESOURCES THE ORGANIZATION IS VERY CAREFUL WHEN ENTERING INTO ANY AGREEMENT THAT MAY RESULT IN A CONFLICT OF INTEREST. THE SCHOOL'S MANAGEMENT REQUIRES MULTIPLE BIDS ON ALL CONTRACTS, REQUIRING THAT AT LEAST ONE BIDDER BE COMPLETELY INDEPENDENT OF THE SCHOOL. IF THE SUCCESSFUL BIDDER IS A STAKEHOLDER IN THE SCHOOL, A VERY RARE OCCURENCE, THE SCHOOL IS VERY CAREFUL TO COMMUNICATE UP FRONT THAT NO SPECIAL TREATMENT WILL BE AFFORDED TO ANY STUDENT-RELATED CONTRACTOR. ADDITIONALLY, ALL BOARD TRUSTEES SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE ANNUAL DISCLOSURE SPECIFICALLY MENTIONS FAMILY AND BUSINESS RELATIONSHIPS AND IS MONITORED BY THE CHAIRMAN OF THE BOARD AND/OR CHAIRS OF SUB-COMMITTEES. SHOULD A CONFLICT, POTENTIAL OR ACTUAL, BECOME APPARENT, THE CONFLICT IS REPORTED TO THE CHAIRMAN OF THE BOARD OR CHAIRMAN OF A SUB-COMMITTEE CLOSEST TO THE CONFLICT. THE CHAIR OF THE BOARD (OR CHAIRMAN OF THE AFFECTED SUB-COMMITTEE) WILL BRING THE ISSUE TO THE EXEUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE WILL MAKE A FORMAL ASSESSMENT OF THE POTENTIAL CONFLICT AND WILL ENSURE ANY INTERESTED PARTY DOES NOT PARTICIPATE IN ANY DISCUSSIONS OR DECISIONS INVOLVING THE CONFLICT. ALL DISCUSSIONS AND ACTIONS WILL BE REPORTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD, WITH THE APPROVAL OF THE FULL BOARD OF TRUSTEES. COMPENSATION IS SET BASED ON PERFORMANCE. THE COMPENSATION PACKAGES OF HEADS AT COMPARABLE SCHOOLS ARE ALSO CONSIDERED TO ENSURE COMPENSATION IS SET WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. ALL BOARD-LEVEL COMPENSATION DISCUSSIONS ARE RECORDED IN BOARD MINUTES. COMPENSATION FOR ALL OTHER SCHOOL EMPLOYEES, INCLUDING TOP MANAGEMENT OFFICIALS, IS DETERMINED BY THE HEAD OF SCHOOL. COMPENSATION IS BASED ON PERFORMANCE. THE SCHOOL'S GOAL, SUPPORTED BY THE BOARD, IS THAT ALL FACULTY AND STAFF BE PAID AT MARKET RATES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. THESE DOCUMENTS ARE NOT REQUIRED TO BE AVAILABLE UNDER STATE LAW.