REGENTS OF THE MERCERSBURG COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- REGENTS OF THE MERCERSBURG COLLEGE (EIN 23-1365963)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-04-30
- IRS object ID
- 201311209349300706
- Schema version
- 2011v1.5
- 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 F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-30T08:51:54-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9737 WASHINGTONIAN BLVD 400 | AddressLine1 |
| City | GAITHERSBURG | City |
| State | MD | State |
| ZIP Code | 208787340 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231365963 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REGENTS OF MERCERSBURG COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | REGE | NameControl |
| Phone | 7173286110 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 EAST SEMINARY ST | AddressLine1 |
| City | MERCERSBURG | City |
| State | PA | State |
| ZIP Code | 172361551 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARIA L KIMSEY | Name |
| Title | TREASURER | Title |
| Phone | 7173286110 | Phone |
| Date Signed | 2013-04-29 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM E TURCO CPA | Name |
| PTIN | P00369217 | PTIN |
| Phone | 3012963600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MERCERSBURG ACADEMY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | T DOUGLAS HALE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 EAST SEMINARY ST | AddressLine1 |
| City | MERCERSBURG | City |
| State | PA | State |
| ZIP Code | 172361551 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 84075639 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MERCERSBURG.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1865 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | REGENTS OF THE MERCERSBURG COLLEGE IS A CO-EDUCATIONAL, INDEPENDENT COLLEGE PREPARATORY BOARDING AND DAY SCHOOL WHOSE MISSION IS TO PREPARE STUDENTS FOR COLLEGE AND LIFE BEYOND | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 33 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 32 | NbrIndependentVotingMembers |
| Total Nbr Employees | 375 | TotalNbrEmployees |
| Total Nbr Volunteers | 717 | TotalNbrVolunteers |
| Total Gross UBI | -46683 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -65835 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 15737530 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 10730934 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 19634467 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 21456557 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 9007681 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4250751 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1487995 | OtherRevenuePriorYear |
| Other Revenue Current Year | 413058 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 45867673 | TotalRevenuePriorYear |
| Total Revenue Current Year | 36851300 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 5444552 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5627480 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 15140317 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 15750853 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 2822779 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 25000 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3408602 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 9594461 | OtherExpensePriorYear |
| Other Expenses Current Year | 15265328 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 33002109 | TotalExpensesPriorYear |
| Total Expenses Current Year | 36668661 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 12865564 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 182639 | RevenuesLessExpensesCY |
| Total Assets BOY | 308150968 | TotalAssetsBOY |
| Total Assets EOY | 305575095 | TotalAssetsEOY |
| Total Liabilities BOY | 65139598 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 73347195 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 243011370 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 232227900 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | MERCERSBURG ACADEMY PREPARES YOUNG MEN AND WOMEN FROM DIVERSE BACKGROUNDS FOR COLLEGE AND FOR LIFE IN A GLOBAL COMMUNITY. STUDENTS AT MERCERSBURG PURSUE A RIGOROUS AND DYNAMIC CURRICULUM WHILE LEARNING TO LIVE TOGETHER HARMONIOUSLY IN A SUPPORTIVE RESIDENTIAL ENVIRONMENT. MERCERSBURG'S TALENTED FACULTY INSTILL IN STUDENTS THE VALUE OF HARD WORK AND THE IMPORTANCE OF CHARACTER AND COMMUNITY AS THEY TEACH STUDENTS TO THINK FOR THEMSELVES, TO APPROACH LIFE THOUGHTFULLY AND CREATIVELY, TO THRIVE PHYSICALLY, TO ACT MORALLY, TO VALUE THE SPIRITUAL DIMENSION OF HUMAN EXISTENCE, AND TO SERVE OTHERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 28469502 | Expense |
| Grants | 5627480 | Grants |
| Revenue | 20440339 | Revenue |
| Description | AN INDEPENDENT COLLEGE-PREPARATORY SCHOOL IN SOUTH-CENTRAL PENNSYLVANIA, THE ACADEMY OFFERS A RIGOROUS ACADEMIC PROGRAM TO APPROXIMATELY 430 BOARDING AND DAY STUDENTS IN GRADES 9 THROUGH 12. IN SMALL CLASSES, STUDENTS AND FACULTY WORK EYE TO EYE AND MIND TO MIND, AS THEY DEEPEN THEIR UNDERSTANDING OF THEIR SUBJECTS-AND OF THEMSELVES.OUTSIDE THE CLASSROOM, STUDENTS IMMERSE THEMSELVES IN THEATER, SPORTS, MUSIC, COMPETITIONS, AND CAMARADERIE. THEY DEVELOP DEEP FRIENDSHIPS WITH STUDENTS FROM NEXT DOOR AND FROM ACROSS THE WORLD. THEY EXPLORE NEW CONCEPTS AND PUSH PAST THEIR LIMITS. MERCERSBURG IS A PLACE OF TRANSFORMATION. STUDENTS TRANSFORM THEMSELVES-AS THEY PREPARE TO TRANSFORM THEIR WORLD. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1691827 | Expense |
| Revenue | 1016218 | Revenue |
| Description | SUMMER AND EXTENDED PROGRAMS:PROGRAMS OUTSIDE THE REGULAR ACADEMIC PROGRAM INCLUDING ACADEMIC INSTRUCTION, ATHLETICS, FINE ARTS, AND INTERNATIONAL AND DOMESTIC TRAVEL PROGRAMS DURING SCHOOL BREAKS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 30161329 | 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 | 1 | 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 | 0 | 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 | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | 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 | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | 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 |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 95 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 375 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| 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 | 33 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 32 | 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 |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARIA L KIMSEY TREASURER | NamePerson |
| Telephone Number | 7173286110 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 EAST SEMINARY ST | AddressLine1 |
| City | MERCERSBURG | City |
| State | PA | State |
| ZIP Code | 172361551 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (40 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 |
|---|---|---|---|---|---|---|---|
| MS DENISE M DUPRE | |||||||
| PRESIDENT | 2.00 | X | X | 0 | 0 | 0 | |
| DAVID O FRANTZ PHD | |||||||
| VICE PRESIDENT | 2.00 | X | X | 0 | 0 | 0 | |
| MR ALLEN W ZERN | |||||||
| VICE PRESIDENT | 2.00 | X | X | 0 | 0 | 0 | |
| MS ALICE P ALBRIGHT | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR CHARLES E BELL | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR ALBERT C BELLAS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR KENNETH T BERENTS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR PETER D DAVENPORT | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR PHILIP L DUNMIRE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR BRUCE M ECKERT | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MS SALLY ANNE EPSTEIN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MS LAURA FISHER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR THOMAS B HADZOR | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR GABRIEL A HAMMOND | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MS PAMELA HOEHN-SARIC | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR JOSEPH R IMLER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR YOUNG KYOON JEONG | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| HONORABLE JOHN E JONES III | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR PETER M LEBOVITZ | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| STACIE L RICE LISSETTE ESQ | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| PHILIP A LLOYD ESQ | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ELIZABETH E GILDEA LOGIE ESQ | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR PIERCE LORD | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DOUGLAS L MILLER ESQ | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR JAMIL T MYRIE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JOHN K PRENTISS DVM | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MS DEBORAH J SIMON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR JAMES S SNYDER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR DAVID G WAGNER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR STEVEN M WAGSHAL | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| HON ALAN J WEIN MD FACS PHD | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| T DOUGLAS HALE | |||||||
| HEAD OF SCHOOL | 70.00 | X | X | 396012 | 0 | 29393 | |
| MR BRIAN H HARGROVE | |||||||
| ASST HEAD OF SCHOOL ADVANCEMENT | 60.00 | X | 0 | 0 | 0 | ||
| MARIA KIMSEY | |||||||
| ASST. HEAD OF SCHOOL/TREASURER | 60.00 | X | 191839 | 0 | 21293 | ||
| MARY CARRASCO | |||||||
| ASST. HEAD OF SCHOOL/SECRETARY | 60.00 | X | 171779 | 0 | 23468 | ||
| MARY D RUTHERFORD | |||||||
| ASSOC. HEAD OF SCHOOL | 60.00 | 149209 | 0 | 17530 | X | ||
| TOMMY ADAMS | |||||||
| ASST. HEAD OF SCHOOL | 60.00 | 147930 | 0 | 18295 | X | ||
| EUGENIO SANCHO | |||||||
| ACADEMIC DEAN | 60.00 | 124828 | 0 | 16413 | X | ||
| JEFFREY GOETZ | |||||||
| CONTROLLER | 50.00 | 111254 | 0 | 14461 | X | ||
| WILLIAM MCCLINTICK | |||||||
| DIRECTOR, COLLEGE COUNSELING | 50.00 | 109410 | 0 | 60023 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1402261 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 200876 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SAGE DINING SERVICE | |||||
| 1402 YORK ROAD STE 100 | LUTHERVILLE | MD | 21093 | FOOD SERVICE | 1903072 |
| CENTERBROOK | |||||
| ARCHITECTS/PLANNERS LLP 67 MAIN S | CENTERBROOK | CT | 064090955 | ARCHITECT | 302210 |
| MERCERSBURG PRINTING | |||||
| 9964 BUCHANAN TRAIL WEST | MERCERSBURG | PA | 17236 | PRINTING | 155966 |
| HBP INC | |||||
| 952 FREDERICK ST/BOX190 | HAGERSTOWN | MD | 21740 | PRINTING | 155007 |
| CEH DESIGN INC | |||||
| 4 JACKLIN ROAD | BETHEL | CT | 06801 | CONSULTANT | 148213 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 8 | NumberOfContractorsGT100K |
| All Other Contributions | 10730934 | AllOtherContributions |
| Noncash Contributions | 195982 | NoncashContributions |
| Total Contributions | 10730934 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 900099 | 20440339 | 20440339 |
| SUMMER PROGRAMS | 900099 | 1016218 | 1016218 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 21456557 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2054734 | TotalRevenueColumn |
| Unrelated Business Revenue | -65835 | UnrelatedBusinessRevenue |
| Exclusion | $2,120,569 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 8801 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 8801 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8801 | TotalRevenueColumn |
| Exclusion | $8,801 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 49247178 | Securities |
| Other | 173178 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 47222793 | Securities |
| Other | 1546 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2024385 | Securities |
| Other | 171632 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2196017 | TotalRevenueColumn |
| Exclusion | $2,196,017 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 231752 | GrossSalesOfInventory |
| Cost Of Goods Sold | 0 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 231752 | TotalRevenueColumn |
| Exclusion | $231,752 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| OTHER REVENUE | 900099 | 129636 | $129,636 | |
| DINING HALL | 900099 | 23649 | $4,497 | 19152 |
| LAUNDROMAT | 900099 | 19220 | $19,220 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 172505 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 36851300 | TotalRevenueColumn |
| Related Or Exempt Function Income | 21456557 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -46683 | UnrelatedBusinessRevenue |
| Exclusion | $4,710,492 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5627480 | Total |
| Program Services | 5627480 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 838688 | Total |
| Program Services | 838688 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11560537 | Total |
| Program Services | 8973302 | ProgramServices |
| Management And General | 1232017 | ManagementAndGeneral |
| Fundraising | 1355218 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 975775 | Total |
| Program Services | 758933 | ProgramServices |
| Management And General | 103258 | ManagementAndGeneral |
| Fundraising | 113584 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1436667 | Total |
| Program Services | 1130294 | ProgramServices |
| Management And General | 145892 | ManagementAndGeneral |
| Fundraising | 160481 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 939186 | Total |
| Program Services | 741957 | ProgramServices |
| Management And General | 93919 | ManagementAndGeneral |
| Fundraising | 103310 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15994 | Total |
| Program Services | 12635 | ProgramServices |
| Management And General | 1599 | ManagementAndGeneral |
| Fundraising | 1760 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 88808 | Total |
| Program Services | 70158 | ProgramServices |
| Management And General | 8881 | ManagementAndGeneral |
| Fundraising | 9769 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25000 | Total |
| Fundraising | 25000 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 460529 | Total |
| Program Services | 363818 | ProgramServices |
| Management And General | 46053 | ManagementAndGeneral |
| Fundraising | 50658 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 777199 | Total |
| Program Services | 648752 | ProgramServices |
| Management And General | 73070 | ManagementAndGeneral |
| Fundraising | 55377 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 174020 | Total |
| Program Services | 137476 | ProgramServices |
| Management And General | 17402 | ManagementAndGeneral |
| Fundraising | 19142 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1120881 | Total |
| Program Services | 885497 | ProgramServices |
| Management And General | 112087 | ManagementAndGeneral |
| Fundraising | 123297 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 680779 | Total |
| Program Services | 537815 | ProgramServices |
| Management And General | 68078 | ManagementAndGeneral |
| Fundraising | 74886 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1159539 | Total |
| Program Services | 916036 | ProgramServices |
| Management And General | 115954 | ManagementAndGeneral |
| Fundraising | 127549 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1163746 | Total |
| Program Services | 919359 | ProgramServices |
| Management And General | 116375 | ManagementAndGeneral |
| Fundraising | 128012 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 378141 | Total |
| Program Services | 298731 | ProgramServices |
| Management And General | 37814 | ManagementAndGeneral |
| Fundraising | 41596 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2363966 | Total |
| Program Services | 1867533 | ProgramServices |
| Management And General | 236397 | ManagementAndGeneral |
| Fundraising | 260036 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2406662 | Total |
| Program Services | 1901263 | ProgramServices |
| Management And General | 240666 | ManagementAndGeneral |
| Fundraising | 264733 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 417091 | Total |
| Program Services | 329502 | ProgramServices |
| Management And General | 41709 | ManagementAndGeneral |
| Fundraising | 45880 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| TAXES | 90942 | 71844 | 9094 | 10004 |
| FOOD | 1594609 | 1259741 | 159461 | 175407 |
| AUXILLARY ACTIVITIES | 673538 | 532095 | 67354 | 74089 |
| CURRICULUM DEVELOPMENT | 523008 | 413176 | 52301 | 57531 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1175876 | Total |
| Program Services | 925244 | ProgramServices |
| Management And General | 119349 | ManagementAndGeneral |
| Fundraising | 131283 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36668661 | Total |
| Program Services | 30161329 | ProgramServices |
| Management And General | 3098730 | ManagementAndGeneral |
| Fundraising | 3408602 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1500 | BOY |
| EOY | 1500 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16266388 | BOY |
| EOY | 21149393 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12200975 | BOY |
| EOY | 14228903 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 490401 | BOY |
| EOY | 68632 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 434025 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 175963 | BOY |
| EOY | 160931 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 469260 | BOY |
| EOY | 444217 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 113200538 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 33930748 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79942241 | BOY |
| EOY | 79269790 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 115232516 | BOY |
| EOY | 48834523 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83131464 | BOY |
| EOY | 140755566 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 240260 | BOY |
| EOY | 227615 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 308150968 | BOY |
| EOY | 305575095 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1916733 | BOY |
| EOY | 2440257 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4409119 | BOY |
| EOY | 4893129 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49235000 | BOY |
| EOY | 49235000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9578746 | BOY |
| EOY | 16778809 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65139598 | BOY |
| EOY | 73347195 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 137049812 | BOY |
| EOY | 128613689 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24566295 | BOY |
| EOY | 20699662 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81395263 | BOY |
| EOY | 82914549 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 243011370 | BOY |
| EOY | 232227900 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 308150968 | BOY |
| EOY | 305575095 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 182639 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -10966109 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| 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
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 55000 | RevenuesIncluded |
| Assets In Part X | 2323340 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 214666365 | BeginningOfYearBalance |
| Contributions | 16760028 | Contributions |
| Investment Earnings Or Losses | -1296957 | InvestmentEarningsOrLosses |
| Other Expenditures | 19641866 | OtherExpenditures |
| Administrative Expenses | 213455 | AdministrativeExpenses |
| End Of Year Balance | 210274115 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 182613816 | BeginningOfYearBalance |
| Contributions | 23746385 | Contributions |
| Investment Earnings Or Losses | 32481602 | InvestmentEarningsOrLosses |
| Other Expenditures | 23411570 | OtherExpenditures |
| Administrative Expenses | 763868 | AdministrativeExpenses |
| End Of Year Balance | 214666365 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 175462146 | BeginningOfYearBalance |
| Contributions | 10669275 | Contributions |
| Investment Earnings Or Losses | 18841714 | InvestmentEarningsOrLosses |
| Other Expenditures | 22117338 | OtherExpenditures |
| Administrative Expenses | 241981 | AdministrativeExpenses |
| End Of Year Balance | 182613816 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 208914504 | BeginningOfYearBalance |
| Contributions | 8591506 | Contributions |
| Investment Earnings Or Losses | -24691543 | InvestmentEarningsOrLosses |
| Other Expenditures | 17115886 | OtherExpenditures |
| Administrative Expenses | 236435 | AdministrativeExpenses |
| End Of Year Balance | 175462146 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.50720 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.39430 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.09850 | TermEndowmentEOYBalance |
| 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 | 81493 | OtherCostOrOtherBasis |
| Book Value | 81493 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 105397060 | OtherCostOrOtherBasis |
| Depreciation | 32481866 | Depreciation |
| Book Value | 72915194 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1974432 | OtherCostOrOtherBasis |
| Depreciation | 1448882 | Depreciation |
| Book Value | 525550 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5747553 | OtherCostOrOtherBasis |
| Book Value | 5747553 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 79269790 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ALTERNATIVE INVESTMENTS | 75191433 | C |
| POOLED INVESTMENTS | 65550538 | C |
| LIFE INSURANCE | 6995 | C |
| EQUITY INVESTMENT | 6600 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 140755566 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| INTEREST RATE SWAP AGREEMENTS | $13,877,088 |
| ASSET RETIREMENT OBLIGATION | $599,548 |
| SPLIT-INTEREST AGREEMENTS | $2,302,173 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 16778809 | TotalOfAmounts |
| Total Revenue | 36851300 | TotalRevenue |
| Total Expenses | 36668661 | TotalExpenses |
| Excess Or Deficit For Year | 182639 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -4937935 | NetUnrealizedGLOnInvestments |
| Prior Period Adjustments | 1147986 | PriorPeriodAdjustments |
| Other | -$7,176,160 | OtherAmount |
| Total Adjustments | -10966109 | TotalAdjustments |
| Excess Or Deficit Per FS | -10783470 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 17486899 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -4937935 | NetUnrealizedGainsInvestments |
| Other Revenues | -13965937 | OtherRevenues |
| Revenue Not Rptd F990 | -18903872 | RevenueNotRptdF990 |
| Revenue Subtotal | 36390771 | RevenueSubtotal |
| Investment Expenses Not Included | 460529 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 460529 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 36851300 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 29418355 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 29418355 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 460529 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 6789777 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 7250306 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 36668661 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | PART III, LINE 4: MERCERSBURG'S FINE ARTS AND VALUABLE ITEMS COLLECTIONS INCLUDE, BUT ARE NOT LIMITED TO, PAINTINGS, ETCHINGS, PICTURES, TAPESTRIES, STAINED GLASS WINDOWS, ANTIQUITIES AND OTHER WORKS OF ART (I.E. VALUABLE RUGS, SCULPTURES, BRONZES, ANTIQUE FURNITURE, RARE BOOKS, HISTORICAL LETTERS, ANTIQUE SILVER, MANUSCRIPTS, RARE GLASS) OF RARITY, HISTORICAL VALUE, AND/OR ARTISTIC MERIT. ART NOT ONLY PROVIDES AESTHETIC APPRECIATION AND ENJOYMENT, IT ALSO HAS THE POWER TO STIMULATE CREATIVE THINKING AND DISCUSSION. WE ATTEMPT TO INTEGRATE ART INTO THE LIVES OF PEOPLE, INSPIRING REFLECTION AND GENERATING HISTORICAL AND CULTURAL AWARENESS. SOME PIECES OF MERCERSBURG'S COLLECTION ARE PERMANENTLY ON DISPLAY THROUGHOUT THE SCHOOL, OTHERS ARE PERIODICALLY PLACED ON EXHIBIT TO THE SCHOOL COMMUNITY AND THE GENERAL PUBLIC. | |
| PART V, LINE 4: | THE PURPOSE OF THE ENDOWMENT IS TO SUPPORT THE CURRENT OPERATIONS AND ACTIVITIES OF THE ACADEMY THROUGH A TOTAL RETURN INVESTMENT STRATEGY AND A SPENDING POLICY SET TO MAINTAIN, OR IDEALLY INCREASE, THE PURCHASING POWER OF THE ENDOWMENT, WITHOUT PUTTING THE PRINCIPAL VALUE OF THE ENDOWMENT'S INVESTMENTS AT IMPRUDENT RISK. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | UNDER PROVISIONS OF THE INTERNAL REVENUE CODE, SECTION 501(C)(3), AND THE APPLICABLE INCOME TAX REGULATIONS OF PENNSYLVANIA, MERCERSBURG IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. SINCE MERCERSBURG HAD NO MATERIAL UNRELATED BUSINESS INCOME DURING THE YEAR ENDED JUNE 30, 2012, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, MERCERSBURG MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MERCERSBURG HAD NO SUCH POSITIONS RECORDED IN THE FINANCIAL STATEMENTS AT JUNE 30, 2012. GENERALLY, MERCERSBURG IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX POSITIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -299,681. CHANGE IN MARKET VALUE OF SWAP AGREEMENT -6,876,479. TOTAL TO SCHEDULE D, PART XI, LINE 8: -7,176,160. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| INSTITUTIONAL STUDENT AID NETTED AGAINST TUITION AND FEES -5,681,367. BANK FEES AND BAD DEBT RECLASSED TO FUNCTIONAL EXPENSE -15,828. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -299,681. CHANGE IN MARKET VALUE OF SWAP AGREEMENT -6,876,479. FUNDRAISING COSTS RELATED TO CAPITAL GIFTS -1,092,582. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| INSTITUTIONAL STUDENT AID NETTED AGAINST TUITION AND FEES 5,681,367. BANK FEES AND BAD DEBT RECLASSED TO FUNCTIONAL EXPENSE 15,828. FUNDRAISING COSTS RELATED TO CAPITAL GIFTS 1,092,582. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
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 | REGENTS OF THE MERCERSBURG COLLEGE PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY ANNUALLY IN THE WASHINGTON POST, IN THE FALL OF EACH YEAR. THE MOST RECENT NOTICE WAS POSTED IN THE DECEMBER 06, 2010 ISSUE. | Explanation |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (22 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | 0 | 0 | FUNDRAISING | SOLICITING GIFTS | 4014 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | FUNDRAISING | ALUMNI EVENT | 2885 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 6 | PROGRAM SERVICES | AGENT/CONSULTANT USED TO COORDINATE STUDENTS' TRAVEL TO THE USA FOR SUMMER AND EXTENDED PROGRAMS | 15768 | |
| EAST ASIA AND THE PACIFIC | 3 | PROGRAM SERVICES | AGENT/CONSULTANT USED TO COORDINATE STUDENTS' TRAVEL TO THE USA FOR SUMMER AND EXTENDED PROGRAMS | 9920 | |
| NORTH AMERICA | 1 | PROGRAM SERVICES | AGENT/CONSULTANT USED TO COORDINATE STUDENTS' TRAVEL TO THE USA FOR SUMMER AND EXTENDED PROGRAMS | 2480 | |
| RUSSIA & THE NEWLY INDEPENDENT STATES | 1 | PROGRAM SERVICES | AGENT/CONSULTANT USED TO COORDINATE STUDENTS' TRAVEL TO THE USA FOR SUMMER AND EXTENDED PROGRAMS | 770 | |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | STUDENT SERVICE/ACADEMIC TRIP | 22991 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | STUDENT SERVICE/ACADEMIC TRIP | 40994 |
| RUSSIA & THE NEWLY INDEPENDENT STATES | 0 | 0 | PROGRAM SERVICES | STUDENT SERVICE/ACADEMIC TRIP | 23467 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | STUDENT SERVICE/ACADEMIC TRIP | 44813 |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | STUDENT SERVICE/ACADEMIC TRIP | 33384 |
| EAST ASIA AND THE PACIFIC | 1 | PROGRAM SERVICES | USE OF AGENT/CONSULTANT TO ASSIST IN RECRUITING INTERNATIONAL STUDENTS (ADMISSION) | 7044 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 1 | PROGRAM SERVICES | USE OF AGENT/CONSULTANT TO ASSIST IN RECRUITING INTERNATIONAL STUDENTS (ADMISSION) | 52715 | |
| RUSSIA & THE NEWLY INDEPENDENT STATES | 1 | PROGRAM SERVICES | USE OF AGENT/CONSULTANT TO ASSIST IN RECRUITING INTERNATIONAL STUDENTS (ADMISSION) | 7043 | |
| NORTH AMERICA | 2 | PROGRAM SERVICES | USE OF AGENT/CONSULTANT TO ASSIST IN RECRUITING INTERNATIONAL STUDENTS (ADMISSION) | 4695 | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | SCHOOL'S EFFORTS IN RECRUITING STUDENTS FOR BOTH ADMISSION AND SUMMER AND EXTENDED PROGRAMS | 3000 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | SCHOOL'S EFFORTS IN RECRUITING STUDENTS FOR BOTH ADMISSION AND SUMMER AND EXTENDED PROGRAMS | 4300 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | SCHOOL'S EFFORTS IN RECRUITING STUDENTS FOR BOTH ADMISSION AND SUMMER AND EXTENDED PROGRAMS | 5800 |
| RUSSIA & THE NEWLY INDEPENDENT STATES | 0 | 0 | PROGRAM SERVICES | SCHOOL'S EFFORTS IN RECRUITING STUDENTS FOR BOTH ADMISSION AND SUMMER AND EXTENDED PROGRAMS | 3200 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | SCHOOL'S EFFORTS IN RECRUITING STUDENTS FOR BOTH ADMISSION AND SUMMER AND EXTENDED PROGRAMS | 13750 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | SCHOOL'S EFFORTS IN RECRUITING STUDENTS FOR BOTH ADMISSION AND SUMMER AND EXTENDED PROGRAMS | 1500 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICES | SCHOOL'S EFFORTS IN RECRUITING STUDENTS FOR BOTH ADMISSION AND SUMMER AND EXTENDED PROGRAMS | 15000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 11 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 5 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 16 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 99822 | SubtotalAmountSpent |
| Cont Amount Spent | 219711 | ContAmountSpent |
| Total Amount Spent | 319533 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 1 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FORM 5713 | Identifier |
| Return Reference | SCHEDULE F, PART IV, QUESTION 6 | ReturnReference |
| Explanation | THE ORGANIZATION HAS SOME ACTIVITY OVERSEAS WHICH REQUIRES IT TO CHECK BOX 6, OF PART IV OF SCHEDULE F AS YES FOR FORM 5713, HOWEVER, THE ORGANIZATION DOES HAVE UNRELATED BUSINESS INCOME AND IS REQUIRED TO FILE A FORM 990-T. HOWEVER, NONE OF THE UNRELATED BUSINESS TAXABLE INCOME IS REALTED TO ANY BOYCOTTING COUNTRY. IN ADDITION, THE ORGANIZATION HAS NOT ENTERED INTO AGREEMENTS RELATED TO THE ISSUES AS PRESENTED IN FORM 5713. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRENZEBACH GLIER AND ASSOCIATES | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 N MICHIGAN AVE STE 2800 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 606114217 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CAPITAL CAMPAIGN CONSULTING | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 25000 | AmountRetainedByContractor |
| Net To Organization | -25000 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 25000 | TotalRetainedByContractors |
| Total Net To Organization | -25000 | TotalNetToOrganization |
| Licensed States | PA | LicensedStates |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (3 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| SCHOLARSHIPS | 229 | 5575870 |
| STUDENT AID FOR REQUIRED FEES, BOOKS AND SUPPLIES | 20 | 34000 |
| STUDENT SERVICE/CULTURAL TRIP | 8 | 17610 |
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: SINCE 1893, MERCERSBURG ACADEMY HAS, WITH EXTENSIVE HELP FROM ALUMNI, FAMILY AND FRIENDS OF THE SCHOOL, OFFERED STUDENTS FINANCIAL AID BASED PRIMARILY UPON DEMONSTRATED FINANCIAL ELIGIBILITY. MERCERSBURG CURRENTLY ADMINISTERS A GENEROUS FINANCIAL AID PROGRAM THAT FUNDS OVER 40 PERCENT OF THE STUDENT BODY. UNDERSTANDING THAT A MERCERSBURG EDUCATION IS A SIGNIFICANT INVESTMENT, THE FINANCIAL AID COMMITTEE WORKS TO DETERMINE A FAIR ASSESSMENT OF A FAMILY'S ABILITY TO PROVIDE THEIR CHILDREN WITH THE OUTSTANDING EDUCATION AVAILABLE HERE. MERCERSBURG ENCOURAGES FAMILIES WITH LIMITED MEANS TO APPLY FOR ASSISTANCE BASED UPON THE ASSUMPTION THAT THE PRIMARY OBLIGATION FOR FINANCING A STUDENT'S EDUCATION RESTS SOLELY WITH THE FAMILY. THE ACADEMY FURTHER EXPECTS THAT A FAMILY IS WILLING TO MAKE SIGNIFICANT ADJUSTMENTS IN THE USE OF ITS DISCRETIONARY RESOURCES, AS WELL AS ACCESS ANCILLARY RESOURCES AVAILABLE THROUGH FAMILY, WORK, AND LOCAL ORGANIZATIONS. IN EVERY INSTANCE, THE FINANCIAL AID COMMITTEE SEEKS EVIDENCE THAT A FAMILY'S COMMITMENT TO THEIR CHILD'S EDUCATION IS AT LEAST AS STRONG AS THE ACADEMY'S. IN ORDER TO DETERMINE A FAMILY'S ELIGIBILITY TO RECEIVE FINANCIAL AID IN A FAIR AND EQUITABLE MANNER, MERCERSBURG REQUIRES THAT ALL APPLICANTS COMPLETE THE PARENT FINANCIAL STATEMENT (PFS) WITH THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS) FOR EACH YEAR OF MATRICULATION. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| 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 (6 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| T DOUGLAS HALE | |||||||||||||
| 312257 | 0 | 58755 | 0 | 25000 | 0 | 24050 | 0 | 10729 | 0 | 430791 | 0 | 0 | 0 |
| MARIA KIMSEY | |||||||||||||
| 188239 | 0 | 0 | 0 | 3600 | 0 | 16920 | 0 | 5769 | 0 | 214528 | 0 | 0 | 0 |
| MARY CARRASCO | |||||||||||||
| 168179 | 0 | 0 | 0 | 3600 | 0 | 15838 | 0 | 14470 | 0 | 202087 | 0 | 0 | 0 |
| MARY D RUTHERFORD | |||||||||||||
| 144885 | 0 | 0 | 0 | 4324 | 0 | 13000 | 0 | 5646 | 0 | 167855 | 0 | 0 | 0 |
| TOMMY ADAMS | |||||||||||||
| 135958 | 0 | 0 | 0 | 11972 | 0 | 11408 | 0 | 12866 | 0 | 172204 | 0 | 0 | 0 |
| WILLIAM MCCLINTICK | |||||||||||||
| 98835 | 0 | 0 | 0 | 10575 | 0 | 8901 | 0 | 51886 | 0 | 170197 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | PART I, LINE 1A: T. DOUGLAS HALE RECEIVED TAXABLE GROSS-UP PAYMENT IN THE AMOUNT OF $9,752. THE DISCRETIONARY ACCOUNT IS ONLY ASSOCIATED WITH SCHOOL BUSINESS AND IS NOT FOR PERSONAL EXPENSES. THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS. THE HOUSE IS USED REGULARLY FOR SCHOOL FUNCTIONS INCLUDING STUDENT DINNERS, BOARD ENTERTAINMENT, ALUMNI EVENTS AND HOSTING OVERNIGHT TEACHER CANDIDATES AND SPEAKERS. T. DOUGLAS HALE, HEAD OF SCHOOL, RECEIVED NON-TAXABLE HOUSING ALLOWANCE IN THE AMOUNT OF $17,950 FOLLOWING EMPLOYEES RECEIVED TAXABLE HOUSING ALLOWANCE: MARIA KIMSEY - $3,600 MARY CARRASCO - $3,600 | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|
| MERCERSBURG BOROUGH GENERAL PURPOSE AUTHORITY | ||||||
| 236002995 | 2009-12-18 | 30000000 | REFUND 2000A & 2000B BOND ISSUES | 0 | 0 | 0 |
| MERCERSBURG BOROUGH GENERAL PURPOSE AUTHORITY | ||||||
| 236002995 | 2010-02-17 | 19235000 | REFUND 2000B & 2005 BOND ISSUES | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Total ProceedsTotalProceeds | Other Spent ProceedsOtherSpentProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Issuance Costs From ProceedsIssuanceCostsFromProceeds |
|---|---|---|---|---|---|---|---|
| 30000000 | 30000000 | 2010 | 1 | 0 | 1 | 1 | |
| 19235000 | 19115000 | 2010 | 1 | 0 | 1 | 1 | 120000 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|
| SUNTRUST BANK | ||||||||
| 0 | 1 | 1 | 22.000000000000 | 0 | 0 | 0 | 0 | 1 |
| SUNTRUST BANK | ||||||||
| 0 | 1 | 1 | 22.000000000000 | 0 | 0 | 0 | 0 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fed Tax Requirements Compliance | X | FedTaxRequirementsCompliance |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MR BRUCE ECKERT | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | BOARD MEMBER | Relationship |
| Amount Of Transaction | 78929 | AmountOfTransaction |
| Description Of Transaction | WORKER'S COMP INSURANCE PREMIUM | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 55000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenues |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 620 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | INVOICES | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 20 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 109872 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | AVERAGE OF HIGH/LOW | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | EVENT CATERING | 7 | 29490 | INVOICES |
| X | GIFT CERTIFICATES | 1 | 1000 | VALUE OF CERTIFICATE |
| 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 (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS PROVIDED TO EACH BOARD MEMBER AND OFFICER ELECTRONICALLY FOR THEIR INDEPENDENT REVIEW BEFORE IT IS FILED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, TRUSTEES, AND ALL EMPLOYEES ARE REQUIRED ANNUALLY TO PREPARE A "CONFLICT OF INTEREST POLICY QUESTIONNAIRE" DISCLOSING BUSINESSES, ACTIVITIES, AND/OR RELATIONSHIPS THAT MAY GIVE RISE TO CONFLICTS. THESE ARE REVIEWED, AND ADDRESSED AS NECESSARY, BY MANAGEMENT. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE OFFICERS OF MERCERSBURG ACADEMY'S BOARD DELIBERATE ON, REVIEW, AND APPROVE THE SALARY OF THE HEAD OF SCHOOL. THESE BOARD OFFICERS HAVE FULL COMPARABILITY DATA AVAILABLE FROM BOTH ABOPS AND NAIS TO AID IN SUCH DELIBERATIONS. THE RESULTS OF THE DELIBERATIONS, REVIEW, AND SALARY APPROVAL PROCESS ARE THEN SHARED WITH THE ENTIRE BOARD WHEN THE HEAD OF SCHOOL UNDERGOES ANOTHER REVIEW BY THE FULL BOARD AT THE MAY MEETINGS. THE COMPLETION OF THAT DELIBERATION, REVIEW, AND APPROVAL PROCESS IS RECORDED IN THE MINUTES OF THE MAY BOARD MEETINGS. THE OFFICERS OF MERCERSBURG ACADEMY'S BOARD DISCUSS, REVIEW, AND APPROVE THE RECOMMENDATION FROM THE HEAD OF SCHOOL CONCERNING THE SALARIES OF THE TOP FOUR HIGHEST PAID EMPLOYEES OF THE SCHOOL, NOT INCLUDING THE HEAD OF SCHOOL. THESE BOARD OFFICERS ALSO HAVE FULL COMPARABILITY DATA AVAILABLE FROM BOTH ABOPS AND NAIS TO AID IN THEIR DELIBERATIONS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST OR AT THE BUSINESS OFFICE, MERCERSBURG ACADEMY. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -4,937,935. PRIOR PERIOD ADJUSTMENTS: 1,147,986. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -299,681. CHANGE IN MARKET VALUE OF SWAP AGREEMENT -6,876,479. TOTAL TO FORM 990, PART XI, LINE 5: -10,966,109. | CHANGES IN NET ASSETS OR FUND BALANCES: |
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