TOWER HILL SCHOOL: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- TOWER HILL SCHOOL (EIN 51-0065745)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-04-30
- IRS object ID
- 201441209349300909
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-04-30T11:57:41-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510232475 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COVER & ROSSITER PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 62 ROCKFORD ROAD | AddressLine1 |
| City | WILMINGTON | City |
| State | DE | State |
| ZIP Code | 19806 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510065745 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TOWER HILL SCHOOL ASSOCIATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TOWE | NameControl |
| Phone | 3026578360 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2813 WEST 17TH STREET | AddressLine1 |
| City | WILMINGTON | City |
| State | DE | State |
| ZIP Code | 19806 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HARRY BAETJER | Name |
| Title | ACTING HEADMASTER | Title |
| Phone | 3026578360 | Phone |
| Date Signed | 2014-02-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PETER S KENNEDY CPA | Name |
| PTIN | P00571422 | PTIN |
| Phone | 3026566632 | Phone |
| Date Prepared | 2014-02-10 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | HARRY BAETJER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2813 WEST 17TH STREET | AddressLine1 |
| City | WILMINGTON | City |
| State | DE | State |
| ZIP Code | 19806 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 40287492 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.TOWERHILL.ORG | WebSite |
| Type Of Organization Association | X | TypeOfOrganizationAssociation |
| Year Formation | 1919 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | TOWER HILL SCHOOL IS A CO-EDUCATIONAL SCHOOL FOR STUDENTS 3 YEARS OLD THROUGH GRADE 12. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 19 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 219 | TotalNbrEmployees |
| Total Nbr Volunteers | 200 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1799468 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2355254 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 16526585 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 16828118 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 479437 | InvestmentIncomePriorYear |
| Investment Income Current Year | -1328938 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 338034 | OtherRevenuePriorYear |
| Other Revenue Current Year | 322716 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 19143524 | TotalRevenuePriorYear |
| Total Revenue Current Year | 18177150 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1810873 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1861281 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11224038 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 11499183 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 458997 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7241518 | OtherExpensePriorYear |
| Other Expenses Current Year | 6775334 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 20276429 | TotalExpensesPriorYear |
| Total Expenses Current Year | 20135798 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1132905 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1958648 | RevenuesLessExpensesCY |
| Total Assets BOY | 65622173 | TotalAssetsBOY |
| Total Assets EOY | 68258149 | TotalAssetsEOY |
| Total Liabilities BOY | 4787603 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 4922595 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 60834570 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 63335554 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 17478649 | Expense |
| Grants | 1861281 | Grants |
| Revenue | 16461797 | Revenue |
| Description | EDUCATIONAL PROGRAMS - TOWER HILL IS A CO-EDUCATIONAL INDEPENDENT SCHOOL WITH 748 STUDENTS FROM 3 YEARS OLD THROUGH GRADE 12. THE LOWER SCHOOL ACHIEVED ENROLLMENT OF 282 STUDENTS, THE MIDDLE SCHOOL WITH 222 STUDENTS AND THE UPPER SCHOOL WITH 244 STUDENTS. TOWER HILL GRADUATED 55 STUDENTS IN THE CLASS OF 2013. MEMBERS OF THIS CLASS NOW ATTEND YALE UNIVERSITY, THE UNIVERSITY OF DELAWARE, SWARTHMORE COLLEGE, WILLIAMS COLLEGE, THE UNIVERSITY OF CALIFORNIA - BERKELEY, GEORGIA TECH, GEORGETOWN UNIVERSITY, NYU (INCLUDING THE TISCH SCHOOL FOR THE PERFORMING ARTS), NORTHWESTERN UNIVERSITY, KENYON COLLEGE AND TRINITY COLLEGE, AMONG OTHERS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 201996 | Expense |
| Revenue | 279459 | Revenue |
| Description | 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. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 124648 | Expense |
| Revenue | 124876 | Revenue |
| Description | 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. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 17805293 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 50 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 219 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 19 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BUSINESS OFFICE TOWER HILL SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3026578360 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1611 TOWER ROAD | AddressLine1 |
| City | WILMINGTON | City |
| State | DE | State |
| ZIP Code | 19806 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| 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 DAVID P ROSELLE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR CHRISTOPHER SARIDAKIS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR BEN 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 | ||
| MS ANN ROSE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR THOMAS D HARVEY | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR PIERRE DUP HAYWARD | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR MICHAEL P KELLY | |||||||
| 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 HENRY MELLON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MS JANET PLYLER | |||||||
| BUSINESS MANAGER | 40.00 | X | 127924 | 0 | 18602 | ||
| DR CHRISTOPHER WHEELER | |||||||
| HEADMASTER | 40.00 | X | 312900 | 0 | 58321 | ||
| MS JULIE TOPKIS-SCANLAN | |||||||
| CHIEF ADVANCEMENT OFFICER | 40.00 | 149545 | 0 | 38204 | X | ||
| MS JACQUELYN HAMILTON | |||||||
| HEAD OF LOWER SCHOOL | 40.00 | 120112 | 0 | 9214 | X | ||
| JACK F HOLLOWAY | |||||||
| DIRECTOR OF ATHLETICS | 40.00 | 101599 | 0 | 7017 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 812080 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 131358 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| NOWLAND ASSOCIATES INC | |||||
| 2009 OGLETOWN ROAD | NEWARK | DE | 19711 | CONSTRUCTION | 5556094 |
| WILLIAMSON HOSPITALITY SERVICES INC | |||||
| 97 GREAT VALLEY PARKWAY | MALVERN | PA | 19355 | FOOD SERVICE | 671691 |
| NASH OMNISCAPING LLC | |||||
| PO BOX 40 | MONTCHANIN | DE | 19710 | LANDSCAPER | 346469 |
| FIRST CHOICE CLEANING SERVICES | |||||
| 1722 NEWPORT GAP PIKE | WILMINGTON | DE | 19808 | CLEANING SERVICE | 274492 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| All Other Contributions | 2355254 | AllOtherContributions |
| Noncash Contributions | 386720 | NoncashContributions |
| Total Contributions | 2355254 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION | 611600 | 16423783 | 16423783 |
| AFTER CARE | 611600 | 279459 | 279459 |
| SUMMER SCHOOL | 611600 | 124876 | 124876 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 16828118 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 331518 | TotalRevenueColumn |
| Exclusion | $331,518 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 21600 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 300 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 21300 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 21300 | TotalRevenueColumn |
| Exclusion | $21,300 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 19852672 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 21509032 | Securities |
| Other | 4096 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -1656360 | Securities |
| Other | -4096 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1660456 | TotalRevenueColumn |
| Exclusion | -$1,660,456 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 860316 | GrossSalesOfInventory |
| Cost Of Goods Sold | 596914 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 263402 | TotalRevenueColumn |
| Exclusion | $263,402 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 38014 | TotalRevenueColumn |
| Related Or Exempt Function Income | 38014 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 38014 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18177150 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16866132 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$1,044,236 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1861281 | Total |
| Program Services | 1861281 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 336556 | Total |
| Program Services | 84139 | ProgramServices |
| Management And General | 168278 | ManagementAndGeneral |
| Fundraising | 84139 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9026946 | Total |
| Program Services | 7825213 | ProgramServices |
| Management And General | 973708 | ManagementAndGeneral |
| Fundraising | 228025 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 617281 | Total |
| Program Services | 617281 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 855238 | Total |
| Program Services | 855238 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 663162 | Total |
| Program Services | 663162 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5241 | Total |
| Management And General | 5241 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59590 | Total |
| Management And General | 59590 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63889 | Total |
| Management And General | 63889 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6615 | Total |
| Management And General | 6615 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 179541 | Total |
| Management And General | 179541 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55300 | Total |
| Management And General | 55300 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1515389 | Total |
| Program Services | 1515389 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1796313 | Total |
| Program Services | 1796313 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107650 | Total |
| Program Services | 107650 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| FACULTY REMISSION | 1265558 | 1265558 | ||
| EDUCATION-RELATED EXPEN | 1148528 | 1148528 | ||
| ALUMNI & PUBLIC RELATIO | 166858 | 20025 | 146833 | |
| SAFETY & SECURITY | 57786 | 57786 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 347076 | Total |
| Program Services | 7755 | ProgramServices |
| Management And General | 339321 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20135798 | Total |
| Program Services | 17805293 | ProgramServices |
| Management And General | 1871508 | ManagementAndGeneral |
| Fundraising | 458997 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 675832 | BOY |
| EOY | 861038 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3391950 | BOY |
| EOY | 141950 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6428 | BOY |
| EOY | 10515 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 151295 | BOY |
| EOY | 119042 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 181240 | BOY |
| EOY | 78467 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 52318794 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 22295269 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31647763 | BOY |
| EOY | 30023525 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28919225 | BOY |
| EOY | 30732957 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 648440 | BOY |
| EOY | 6290655 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65622173 | BOY |
| EOY | 68258149 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4667686 | BOY |
| EOY | 4786421 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 119917 | BOY |
| EOY | 136174 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4787603 | BOY |
| EOY | 4922595 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38768915 | BOY |
| EOY | 42956418 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2268935 | BOY |
| EOY | 489878 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19796720 | BOY |
| EOY | 19889258 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60834570 | BOY |
| EOY | 63335554 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65622173 | BOY |
| EOY | 68258149 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -1958648 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 4459632 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Other | X | MethodOfAccountingOther |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 26488424 | BeginningOfYearBalance |
| Contributions | 92538 | Contributions |
| Investment Earnings Or Losses | 3063691 | InvestmentEarningsOrLosses |
| Other Expenditures | 1175000 | OtherExpenditures |
| End Of Year Balance | 28469653 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 29035520 | BeginningOfYearBalance |
| Contributions | 23068 | Contributions |
| Investment Earnings Or Losses | -1320164 | InvestmentEarningsOrLosses |
| Other Expenditures | 1250000 | OtherExpenditures |
| End Of Year Balance | 26488424 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 25677804 | BeginningOfYearBalance |
| Contributions | 162210 | Contributions |
| Investment Earnings Or Losses | 4445506 | InvestmentEarningsOrLosses |
| Other Expenditures | 1250000 | OtherExpenditures |
| End Of Year Balance | 29035520 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 24105592 | BeginningOfYearBalance |
| Contributions | 10516 | Contributions |
| Investment Earnings Or Losses | 2839991 | InvestmentEarningsOrLosses |
| Other Expenditures | 1278295 | OtherExpenditures |
| End Of Year Balance | 25677804 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 34264550 | BeginningOfYearBalance |
| Contributions | 31125 | Contributions |
| Investment Earnings Or Losses | -8740083 | InvestmentEarningsOrLosses |
| Other Expenditures | 1450000 | OtherExpenditures |
| End Of Year Balance | 24105592 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.30140 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.69860 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3247658 | OtherCostOrOtherBasis |
| Book Value | 3247658 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 37903436 | OtherCostOrOtherBasis |
| Depreciation | 14823417 | Depreciation |
| Book Value | 23080019 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8287936 | OtherCostOrOtherBasis |
| Depreciation | 4593232 | Depreciation |
| Book Value | 3694704 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2879764 | OtherCostOrOtherBasis |
| Depreciation | 2878620 | Depreciation |
| Book Value | 1144 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 30023525 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SECURITIES AND OTHER INVESTMENTS | Description |
| Book Value | 30732957 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 30732957 | TotalOfBookValueSecurities |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CONSTRUCTION IN PROGRESS | Description |
| Book Value | 6290655 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 6290655 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | STUDENT GROUP FUNDS | Description |
| Amount | $136,174 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 136174 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 20124748 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 4459632 | NetUnrealizedGainsInvestments |
| Other Revenues | 597214 | OtherRevenues |
| Revenue Not Rptd F990 | 5056846 | RevenueNotRptdF990 |
| Revenue Subtotal | 15067902 | RevenueSubtotal |
| Other Revenues Not Included | 3109248 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 3109248 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 18177150 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 17623764 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 597214 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 597214 | ExpensesNotRptdF990 |
| Expenses Subtotal | 17026550 | ExpensesSubtotal |
| Other Expenses Not Included | 3109248 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 3109248 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 20135798 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | 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, 2013. NO TAX YEARS PRIOR TO 2010 REMAIN SUBJECT TO EXAMINATION BY FEDERAL JURISDICTIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 596,914. RENTAL EXPENSES 300. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 1,861,281. TUITION REMISSION & OTHER TUITION RELATED 1,247,967. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 596,914. RENTAL EXPENSES 300. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 1,861,281. TUITION REMISSION & OTHER TUITION-RELATED 1,247,967. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | 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. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 160 | NumberOfRecipients |
| Amount Of Cash Grant | 1861281 | AmountOfCashGrant |
| Method Of Valuation | FMV | MethodOfValuation |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE SCHOOL AWARDS SCHOLARSHIPS TO STUDENTS BASED ON DEMONSTRATED FINANCIAL NEED AND RECORDS ARE MAINTAINED IN THE ADMISSIONS OFFICE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR CHRISTOPHER WHEELER | ||||||||||||||
| HEADMASTER | 312900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58321 | 0 | 371221 | 0 | 0 | 0 |
| MS JULIE TOPKIS-SCANLAN | ||||||||||||||
| CHIEF ADVANCEMENT OFFICER | 149545 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38204 | 0 | 187749 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Loan Table LoanTable (2 entries)
| Relationship With OrganizationRelationshipWithOrganization | Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|---|
| DR CHRISTOPHER WHEELER | |||||||
| HEADMASTER | RETENTION LOAN | X | $100,000 | 10000 | 0 | 1 | 1 |
| DR CHRISTOPHER WHEELER | |||||||
| HEADMASTER | RETENTION LOAN | X | $100,000 | 96072 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 106072 | TotalBalanceDue |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 9 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 386720 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | PUBLICLY TRADED VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| 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. |
| 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 | |
| THE PROCESS OF OVERVIEWING THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR. |
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