2013-12-20T14:56:25-06:00 2013-06-30 251249913 MALIN BERGQUIST & CO LLP 3605 MCKNIGHT EAST DRIVE PITTSBURGH PA 15237 990 2012-07-01 250965558 SEWICKLEY ACADEMY SEWI 4127412230 315 ACADEMY AVENUE SEWICKLEY PA 15143 JOHN DILLON 4127412230 2013-12-19 1 P00354011 4123649395 2012 2015-11-30 17:44:51Z KOLIA O'CONNOR 315 ACADEMY AVENUE SEWICKLEY PA 15143 18205675 0 X WWW.SEWICKLEY.ORG X 1838 PA OPERATION OF A PRIVATE SCHOOL FOR EDUCATIONAL PURPOSES 21 20 232 60 0 0 2552014 2039889 14801774 15580378 -164581 880 246522 319345 17435729 17940492 1587752 1571819 0 0 11064090 11437581 0 0 686700 4818639 4934237 17470481 17943637 -34752 -3145 58519300 61925926 7477243 6896021 51042057 55029905 X SEWICKLEY ACADEMY INSPIRES AND EDUCATES STUDENTS TO ENGAGE THEIR HEARTS, MINDS, AND HANDS TO CULTIVATE THEIR FULL INDIVIDUAL AND COLLECTIVE POTENTIAL IN THE SERVICE OF A GREATER GOOD. 0 0 13887196 1571819 15649989 AS PITTSBURGH'S OLDEST CO-EDUCATIONAL, COLLEGE PREPARATORY, INDEPENDENT DAY SCHOOL, SEWICKLEY ACADEMY PREPARES ITS OVER 718 STUDENTS FOR A LIFETIME OF SUCCESS BY INSPIRING THEM TO REACH THEIR FULL POTENTIAL AS CURIOUS, COURAGEOUS, AND COMPASSIONATE LEARNERS. THE STUDENT BODY IS HIGHLY DIVERSE AND RESIDE IN VARIOUS SCHOOL DISTRICTS IN THE TRI-STATE AREA. EXCEPTIONAL PROGRAMS, SMALL CLASSES, AND TALENTED FACULTY HELP STUDENTS BECOME CONSCIENTIOUS LEADERS, CRITICAL THINKERS, AND RESPONSIBLE MEMBERS OF A GLOBAL COMMUNITY. THE ACADEMY'S COMMITMENT TO EDUCATIONAL EXCELLENCE IS EVIDENT IN 100% OF GRADUATES CONTINUING THEIR EDUCATION AT A FOUR-YEAR INSTITUTION. STUDENTS FROM THE CLASS OF 2013 WERE OFFERED MORE THAN $4.1 MILLION IN MERIT SCHOLARSHIPS AND 92% OF SENIORS WERE ADMITTED TO THEIR TOP-CHOICE COLLEGE OR UNIVERSITY. ADDITIONAL ACHIEVEMENTS CAN BE FOUND AT THE ACADEMY'S WEBSITE. 13887196 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 233 0 1 232 1 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOHN DILLON 4127412230 315 ACADEMY AVENUE SEWICKLEY PA 15143 DR GLENN A BUTERBAUGH 1.00 X 0 0 0 DR GREGORY B PATRICK 1.00 X 0 0 0 MR KOLIA O'CONNOR 55.00 X X 287958 0 125786 MRS AMY K MARSH 1.00 X 0 0 0 MRS AMY SIMMONS SEBASTIAN 1.00 X X 0 0 0 MRS LISA M GIUSTI 1.00 X X 0 0 0 MRS MARGARET SHIELDS GILFILLAN 1.00 X X 0 0 0 MRS MARY MACKEY 1.00 X 0 0 0 MRS SUSIE HUMPHREY KELLER 1.00 X 0 0 0 MS CLAIRE KENDRICK 1.00 X 0 0 0 MR THOMAS S JONES 1.00 X 0 0 0 MR DOUGLAS MCADAMS 1.00 X 0 0 0 MS GRETCHEN HANSEN 1.00 X 0 0 0 MR ERIC JOHNSON 1.00 X X 0 0 0 MRS LOUANN TRONSBERG DEIHLE 1.00 X 0 0 0 MRS AMY MUSE LANG 1.00 X 0 0 0 DR ASHVIN RAGOOWANSI 1.00 X 0 0 0 MRS LORRAINE HOUSTON 1.00 X 0 0 0 MR BOBBY GORDON 1.00 X 0 0 0 DR AARON GRAND 1.00 X 0 0 0 MRS JENNA STEVENSON 1.00 X 0 0 0 MS CLAUDIA GALLANT 55.00 X 132863 0 15674 MR JOHN DILLON 55.00 X 145597 0 12711 MR WIN PALMER 55.00 X 115370 0 17815 JOAN CUCCINOTTA PHD 55.00 X 105909 0 13221 MR MARK HANSEN 55.00 X 101421 0 16126 WILLIAM BARNES PHD 55.00 X 103908 0 13400 993026 0 214733 7 0 1 0 TIFF 200 BARR HARBOR DR STE 100 W CONSHOHECKEN PA 19428 INVESTMENT MANAGEMENT FEES 334690 GLANCE & ASSOCIATES INC 429 FORBES AVE SUITE 1404 PITTSBURGH PA 15219 ARCHITECTURAL SERVICES 290521 STA-CORAOPOLIS 200 KENDELL STREET CORAOPOLIS PA 15108 STUDENT TRANSPORTATION 200087 HUCKESTEIN MECHANICAL SER INC 46A SOUTH LINDEN STREET DUQUESNE PA 15110 HVAC SERVICING 149802 PITTSBURGH STAGE INC 2 SOUTH AVE SEWICKLEY PA 15143 AUDITORIUM UPDATES 120800 9 84668 1955221 84668 2039889 TUITION 611600 15155699 15155699 ACTIVITIES & SPECIAL FEES 611600 404960 404960 19719 19719 15580378 880 880 43595 24416 19179 19179 19179 368174 118440 249734 249734 172759 122327 50432 50432 17940492 15649989 0 250614 1571819 1571819 9291281 7545336 1341270 404675 555715 329911 203921 21883 919788 548846 328332 42610 670797 393772 250677 26348 32589 32589 51974 51974 2203 2203 63311 28511 34800 107844 4769 103075 360455 176223 156698 27534 152030 152030 3559 3559 925545 925545 40691 40691 36599 28587 4068 3944 172305 172305 1189762 1189762 104363 104363 EDUCATIONAL CLASSROOM 697034 374623 305747 16664 PROFESSIONAL DEVELOPMEN 215824 215824 ATHLETIC PROGRAM 153425 153425 EQUIPMENT RENTAL & MAIN 147796 91856 55940 476928 155626 213060 108242 17943637 13887196 3369741 686700 384 856 1422514 2722686 776891 526392 106542 95799 104809 121825 26000 26692 41769745 16592516 25538036 25177229 30544124 33254447 58519300 61925926 1547300 1660782 259095 265965 5000000 4500000 670848 469274 7477243 6896021 X 46136858 50278626 1746277 1572633 3158922 3178646 51042057 55029905 58519300 61925926 X -3145 3789419 201574 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30469653 334690 3789420 1418533 33175230 32871340 72855 -685181 1789361 30469653 27863048 1356060 5339834 1687602 32871340 24006196 2322493 3019525 1485166 27863048 27818352 2821580 -5145422 1488314 24006196 0.87400 0.03050 0.09550 0 0 236486 975552 1212038 1011937 31473842 14148548 18337231 20000 2753935 1868005 905930 5297993 575963 4722030 25177229 CASH & CASH EQUIVALENTS 67217 F PRIVATE EQUITY SECURITIES 12000 F TIFF MULTI ASSET FUND 33175230 F 33254447 INTEREST RATE SWAP LIABILITY 469274 469274 X 20502522 3789419 -1227389 2562030 17940492 0 17940492 16514674 142856 142856 16371818 1571819 1571819 17943637 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE FINANCIAL SUPPORT TO THE ACADEMY FOR OPERATIONS AND CAPITAL PROJECTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ACADEMY APPLIES PROVISIONS OF THE INCOME TAXES TOPIC OF FASB ACCOUNTING STANDARDS CODIFICATION THAT REQUIRE THE ACADEMY TO QUANTIFY AND RECORD THE ESTIMATED TAX LIABILITY, INCLUDING INTEREST AND PENALTIES, RELATED TO UNCERTAIN TAX POSITIONS TAKEN AND POSITIONS ANTICIPATED TO BE TAKEN ON INCOME TAX RETURNS, AS WELL AS PROVIDE ENHANCED DISCLOSURES WITHIN THE FINANCIAL STATEMENTS. CURRENTLY, THE 2009-2012 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE ACADEMY IS NOT CURRENTLY UNDER AUDIT, NOR HAS THE ACADEMY BEEN CONTACTED BY THE IRS. THE ACADEMY HAS NOT BEEN SUBJECT TO ANY INCOME TAX PENALTIES OR INTEREST FOR ANY OPEN YEAR. BASED ON THE EVALUATION OF THE ACADEMY'S TAX POSITIONS AND ELECTIONS, MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN AND THE TAX EXEMPT STATUS OF THE ACADEMY WOULD BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED AS OF JUNE 30, 2013 AND 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 118,440. UNREALIZED INTEREST RATE SWAP ADJUSTMENT 201,574. FINANCIAL AID & REMISSION -1,571,819. RENTAL EXPENSES 24,416. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 118,440. RENTAL EXPENSES 24,416. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID & REMISSION 1,571,819. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 BROCHURES, CATALOGUES, ANNOUNCEMENTS AND SCHOLARSHIP FORMS ARE ON FILE AT THE ACADEMY AND ARE AVAILABLE FOR SUBMISSION UPON REQUEST. WHAT MAKES YOU TICK? 368174 368174 30600 87840 368174 368174 30600 87840 118440 249734 1 FINANCIAL AID 82 949336 FMV TUITION REMISSION 50 622483 FMV THE GRANTS TO INDIVIDUALS REPRESENT TUITION SCHOLARSHIPS AND REMISSION GRANTED BY THE ACADEMY TO A SELECTION OF STUDENTS. THE ACADEMY DETERMINES ELIGIBILITY FOR SCHOLARSHIPS BASED ON ACADEMIC ABILITY AND FINANCIAL NEED OF THE STUDENT, AS WELL AS THE BUDGETED REVENUES AND EXPENSES OF THE ACADEMY. NO FURTHER MONITORING OF THE FUNDS ARE REQUIRED AS NO SPECIFIC REQUIREMENTS ARE APPLICABLE OTHER THAN THE STUDENT'S CONTINUED ADMISSION WITHIN THE ACADEMY. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MR KOLIA O'CONNOR 287958 0 0 0 0 0 17500 0 108286 0 413744 0 0 0 MR JOHN DILLON 145597 0 0 0 0 0 10010 0 2701 0 158308 0 0 0 X 84668 COST X K. KAWAI GRAND PIANO 1 21233 INDEPENDENT APPRAISAL 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS SUBMITTED TO THE DIRECTOR OF FINANCE & OPERATIONS AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BUSINESS OFFICE AND HEAD OF SCHOOL OFFICE ARE AWARE OF POTENTIAL CONFLICTS AND MONITOR DURING NORMAL COURSE OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 15 THE BUSINESS OFFICE PROVIDES THE EXECUTIVE COMMITTEE OF THE BOARD BENCHMARK DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ON HEADS OF SCHOOL ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON VERBAL REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED INTEREST RATE SWAP ADJUSTMENT 201,574. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.