2013-05-13T13:05:29-05:00 2012-06-30 251408703 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2011-07-01 250965561 SHADY SIDE ACADEMY SHAD 4129683137 423 FOX CHAPEL ROAD PITTSBURGH PA 152382296 THOMAS ARNOLD 4129683137 2013-05-02 1 SUSAN M KIRSCH P00341397 4122613644 2011 2016-02-24 21:20:13Z THOMAS M CANGIANO 423 FOX CHAPEL ROAD PITTSBURGH PA 152382296 36058654 0 X WWW.SHADYSIDEACADEMY.ORG X 1883 PA PROVIDES EDUCATION TO STUDENTS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 33 32 488 33 0 0 2114372 3152230 23299561 24879577 1508991 1304713 -18300 -26915 26904624 29309605 2538576 2768528 0 0 16659998 17759837 0 0 1083523 10318296 10693224 29516870 31221589 -2612246 -1911984 84531537 80426743 7598495 7752101 76933042 72674642 SHADY SIDE ACADEMY OFFERS AN EXCEPTIONAL PRE-K THROUGH TWELFTH GRADE ACADEMIC AND BALANCED EDUCATIONAL EXPERIENCE BY CHALLENGING EACH STUDENT TO REALIZE HIS OR HER POTENTIAL IN A STIMULATING AND NURTURING ENVIRONMENT. 0 0 21227564 2768528 21635957 INSTRUCTIONAL: -THE ACADEMY ENROLLS APPROXIMATELY 934 STUDENTS (PRE K - 12). THE ACADEMY IS COLLEGE PREPARATORY WITH MOST SENIORS CONTINUING ONTO HIGHER EDUCATION. THE ACADEMY OPERATES THREE SEPARATE CAMPUSES FOR JUNIOR, MIDDLE AND SENIOR SCHOOLS.-ATHLETICS: ALL SHADY SIDE ACADEMY STUDENTS ARE OFFERED A WIDE RANGE OF PHYSICAL ACTIVITIES THROUGHOUT THE SCHOOL YEAR TO ENCOURAGE HEALTHY CHOICES, DEVELOP SKILLS AND LEARN THE IMPORTANCE OF SPORTSMANSHIP. 1684693 2016638 AUXILIARY SERVICES: -RESIDENTIAL LIFE PROGRAM: THE ACADEMY OPERATES A FIVE DAY BOARDING PROGRAM FOR APPROXIMATELY 58 STUDENT BOARDERS. THE STUDENTS ARE HOUSED IN ACADEMY DORMITORIES (MONDAY THROUGH FRIDAY) WITH TEACHERS WHO OVERSEE AND OPERATE THE RESIDENTIAL LIFE PROGRAM.-FOOD SERVICE: SERVES DAY STUDENTS LUNCH AND SERVES THOSE INVOLVED IN RESIDENTIAL LIFE PROGRAM BREAKFAST, LUNCH AND DINNER.-BOOK AND ATHLETIC STORES: THE STORES OFFER INDIVIDUALS THE OPPORTUNITY TO PURCHASE EDUCATIONAL TEXTBOOKS AND SUPPLIES AND ATHLETIC EQUIPMENT AND CLOTHING. THE ACADEMY REQUIRES ATHLETIC AND HEALTH CREDITS FOR GRADUATION. 794978 1226982 SUMMER PROGRAMS:-SHADY SIDE ACADEMY'S SUMMER PROGRAMS PROVIDE AN ENDLESS ARRAY OF POSSIBILITIES FOR ALL KIDS. 23707235 1 1 0 0 0 0 0 1 0 0 1 1 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 1 48 0 1 488 1 0 0 0 0 0 1 1 0 0 0 0 X 33 32 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X THOMAS P ARNOLD 4129683137 423 FOX CHAPEL ROAD PITTSBURGH PA 15238 X EBEN H ADAMS 3.50 X 0 0 0 FREDERICK B BROAD 3.50 X 0 0 0 JAY CLEVELAND JR 3.50 X 0 0 0 ELIZABETH CONCORDIA 3.50 X 0 0 0 KARA S CONOMIKES 3.50 X 0 0 0 J KEEFE ELLIS 3.50 X 0 0 0 ROBERT D FERGUSON 3.50 X 0 0 0 BRYAN P GENTILE 3.50 X 0 0 0 NITA RAI-GOHEL 3.50 X 0 0 0 JUDITH GRANATO 3.50 X 0 0 0 STEPHEN HALPERN 3.50 X 0 0 0 JONATHAN M KAMIN 3.50 X 0 0 0 J STEPHEN LEE 3.50 X 0 0 0 J BRENDAN MCLAUGHLIN 3.50 X 0 0 0 ROBERT SHANNON MULLIN 3.50 X 0 0 0 FRANCES O'CONNOR 3.50 X 0 0 0 LOUIS B PLUNG 3.50 X 0 0 0 PAUL M POHL 3.50 X 0 0 0 ANTHONY J ROSS 3.50 X 0 0 0 C LANCE RUTTENBERG 3.50 X 0 0 0 OZZY A SAMAD 3.50 X 0 0 0 SARA SCAIFE 3.50 X 0 0 0 CHARLES A SCALES JR 3.50 X 0 0 0 JAMES D SCALO 3.50 X 0 0 0 BARBARA PIPPIN THAI MD 3.50 X 0 0 0 JAMES H WOLF 3.50 X 0 0 0 MARY JO DIVELY 3.50 X X 0 0 0 DIANE M FISHER 3.50 X X 0 0 0 DIVYA ANNAMRAJU 3.50 X X 0 0 0 MICHAEL J HANNON 3.50 X X 0 0 0 JEFFREY B TODD 3.50 X X 0 0 0 TRACY PRIZANT LEVY MD 3.50 X X 0 0 0 LAURIE S SINGER 3.50 X X 0 0 0 THOMAS M CANGIANO 40.00 X 254483 0 105559 THOMAS ARNOLD 40.00 X 127508 0 38939 JEFFREY DAY-ENTERED 7111 40.00 X 66821 0 53510 DEBRA MAUDER 40.00 X 70133 0 6790 RICHARD GABLE 40.00 X 104416 0 13404 CHERYL LITTLE 40.00 X 112000 0 10270 AMY NIXON 40.00 X 102198 0 44703 837559 0 273175 5 0 1 0 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICE 1346848 QUALITY MECHANICAL SERVICES INC 1300 HULTON ROAD VERONA PA 15147 MECHANICAL MAINTENANCE AND REPAIR 751098 WL ROENIGK INC 798 EKASTOWN ROAD SARVER PA 16055 TRANSPORTATION AND VEHICLE REPAIR 351240 MCPC INC PO BOX 643283 PITTSBURGH PA 152643283 COMPUTER MAINTENANCE 314966 DELREY WINDOWS INC & TRACO 1158 PITTSBURGH ROAD PO BOX 360 VALENCIA PA 16059 WINDOW INSTALLATION 276565 13 23465 3128765 78577 3152230 TUITION AND FEES 900099 21635957 21635957 AUXILIARY SERVICES 900099 2016638 2016638 SUMMER PROGRAMS 900099 1226982 1226982 24879577 1009925 1009925 6997221 6702433 294788 294788 294788 19701 23465 46616 -26915 -26915 29309605 24879577 0 1277798 2768528 2768528 672774 58246 419402 195126 20971 10306 10665 12316801 8863522 3022538 430741 709278 530905 146114 32259 3083053 2462667 564622 55764 956960 674102 242169 40689 70752 70752 60166 60166 110852 110852 427231 427231 379922 282395 97527 1670384 1195033 424960 50391 717120 582717 134403 767288 767288 310559 280135 7219 23205 7829 7829 165954 165954 2574624 2059699 514925 231485 231485 BUILDINGS AND GROUNDS 2148885 2148885 SUMMER PROGRAMS 794978 794978 ENTERTAINMENT 169932 59690 12731 97511 BAD DEBT 83613 23303 60310 1650 1650 31221589 23707235 6430831 1083523 736959 455536 2362990 1597696 186981 84452 483685 607372 4141 2684 176685 172385 338078 339588 58258304 28781350 29574553 29476954 42160726 40114253 8506739 7575823 84531537 80426743 1128053 1308366 1710703 1996664 4759739 4447071 7598495 7752101 X 28921006 27564599 354539 902652 47657497 44207391 76933042 72674642 84531537 80426743 X -1911984 -2346416 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 49787531 319776 -1111703 608985 2172399 46214220 45127887 151072 8921959 2538576 1874811 49787531 41256428 331513 5593332 554414 1498972 45127887 55092503 439371 -10874666 918210 2482570 41256428 0.04340 0.95660 0.00000 0 0 266813 266813 44232033 16993938 27238095 9550081 9550081 0 4209377 2237331 1972046 29476954 OTHER 396924 F LIMITED PARTNERSHIP 7178899 F 7575823 29309605 31221589 -1911984 -2346416 -2346416 -4258400 26939805 -2346416 46616 -2299800 29239605 70000 70000 29309605 31198205 46616 46616 31151589 70000 70000 31221589 PART III, LINE 4: SHADY SIDE ACADEMY IS A NON-PROFIT EDUCATIONAL INSTITUTION AND THE PURPOSE OF THE COLLECTIONS IS TO DOCUMENT AND ENHANCE THE ACADEMY'S HERITAGE AND HISTORY IN ORDER TO PROVIDE AN EDUCATIONAL TIMELINE FOR CURRENT AND FUTURE ACADEMY STUDENTS, FAMILIES, AND FACULTY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ACADEMY'S ENDOWMENT CONSISTS OF VARIOUS INVESTMENT FUNDS ESTABLISHED PRIMARILY FOR SUPPORT OF THE ORGANIZATION'S MISSION. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE ACADEMY TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. INTERPRETATION OF RELEVANT LAW - THE TRUSTEES OF THE ACADEMY HAVE ELECTED TO BE GOVERNED BY THE COMMONWEALTH OF PENNSYLVANIA'S ACT 141 (ACT 141). ACT 141 IS A TOTAL RETURN POLICY THAT ALLOWS A NONPROFIT TO CHOOSE TO TREAT A PERCENTAGE OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT'S PERMANENTLY RESTRICTED INVESTMENTS AS INCOME EACH YEAR. HOWEVER, THE LONG-TERM PRESERVATION OF THE REAL VALUE OF THE ASSETS MUST BE TAKEN INTO CONSIDERATION WHEN THE BOARD ELECTS THE AMOUNT. ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE OF THE BOARD, IN WRITING, MUST ELECT A SPENDING RATE OF BETWEEN 2% AND 7%. IN ACCORDANCE WITH ACT 141, THE ACADEMY ANNUALLY TRANSFERS BETWEEN 5% AND 5.5% OF THE PREVIOUS THREE YEARS' MARKET VALUE AVERAGE OF THE PERMANENTLY RESTRICTED ENDOWMENT FUND. THIS PERCENTAGE IS APPLIED TO A 12-QUARTER AVERAGE MARKET VALUE OF THE INVESTMENTS AT JUNE 30 OF THE PREVIOUS YEAR. THE ACADEMY CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS THE ORIGINAL AND SUBSEQUENT VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT. IN ACCORDANCE WITH ACT 141, THE ACADEMY HAS ADOPTED A WRITTEN INVESTMENT POLICY, OF WHICH A SECTION SPECIFICALLY RELATES TO THE ENDOWMENT FUND. THE ACADEMY CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO SET A SPENDING RATE: 1. PROTECTING THE CORPUS OF THE ENDOWMENT FUND. 2. PRESERVING THE SPENDING POWER OF THE ASSETS. 3.OBTAINING MAXIMUM INVESTMENT RETURN WITH REASONABLE RISK AND OPERATIONAL CONSIDERATION. 4. COMPLYING WITH APPLICABLE LAWS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: - INCOME TAXES ARE NOT PROVIDED BECAUSE THE ACADEMY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) AND APPLICABLE STATE STATUTES. AS A RESULT, NO PROVISION FOR TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY FOLLOWS THE INCOME TAXES TOPIC OF THE ASC. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR FINANCIAL STATEMENTS DISCLOSURE OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE ACADEMY HAS ASSESSED THE TAX POSITIONS IT HAS TAKEN OR EXPECTS TO TAKE IN ITS TAX RETURNS. THE IMPLEMENTATION HAD NO IMPACT ON THE FINANCIAL STATEMENTS, AND NO LIABILITY HAS BEEN RECORDED FOR UNCERTAIN TAX POSITIONS. THE ACADEMY IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2009. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 46,616. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 46,616. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 EMPLOYMENT AND STUDENT HANDBOOKS, WEBSITE AND EMPLOYMENT ADS EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ACADEMY RECEIVES DIRECT FUNDING FOR TEXTBOOKS, INSTRUCTIONAL MATERIALS AND EQUIPMENT THROUGH PENNSYLVANIA ACTS 195/90/35. THE ACADEMY RECEIVES GIFT FUNDING THAT IS MADE POSSIBLE THROUGH PARTICIPATION IN THE EITC PROGRAMS WHICH PROVIDES A TAX CREDIT TO THE BUSINESSES WHO PARTICIPATE IN THIS PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN 0 0 FOREIGN INVESTMENTS 6297073 0 0 0 0 0 0 6297073 0 6297073 0 0 1 0 0 0 UNTUCKED 43166 23465 19701 13324 320 13750 19222 43166 23465 19701 13324 320 13750 19222 46616 -26915 1 FINANCIAL AID 163 2547871 N/A N/A TUITION DISCOUNTS 77 220657 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ACADEMY AWARDS FINANCIAL AID TO QUALIFYING INDIVIDUALS TO OFFSET THE COST OF TUITION. THE PROCESS IS MANAGED BY THE ACADEMY'S BUSINESS OFFICE AND USES AN OUTSIDE PARTY TO ASSIST IN COLLECTING FINANCIAL INFORMATION FROM PARENTS. MOST FUNDING IS AWARDED BASED ON DEMONSTRATED ECONOMIC NEED AND FUNDING AVAILABLE. A VERY LIMITED NUMBER OF AWARDS ARE BASED ON OTHER MERIT CRITERIA. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 THOMAS M CANGIANO 252998 0 0 0 1485 0 14880 0 90679 0 360042 0 0 0 THOMAS ARNOLD 127508 0 0 0 0 0 9282 0 29657 0 166447 0 0 0 PART I, LINE 1A THE PRESIDENT DOES HAVE DISCRETIONARY SPENDING ACCOUNTS BUT THEY ARE FOR SPECIFIC PURPOSES RELATED TO OPERATIONS, PROGRAMMING AND/OR PROFESSIONAL DEVELOPMENT. PNC BANK BOARD MEMBER 204266 LOAN INTEREST AND FEES.CURRENT BOARD MEMBER IS AN OFFICER OF PNC BANK WITH WHOM SHADY SIDE ACADEMY DOES BUSINESS. 0 X 7 78577 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP: J. STEPHEN LEE, JOHN DEMMLER; G. NICHOLAS BECKWITH, ELIZABETH CONCORDIA; WILLIAM GETTY, PAUL BENEDUM JR., PAUL JENKINS, G. NICHOLAS BECKWITH. FORM 990, PART VI, SECTION A, LINE 6 THE BUSINESS AND AFFAIRS OF THE CORPORATION ARE MANAGED BY A BOARD OF TRUSTEES, WHO ALSO CONSTITUTE THE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A TWO TRUSTEES ARE ELECTED OR APPOINTED EACH YEAR BY THE SHADY SIDE ACADEMY ALUMNI ASSOCIATION. IN THE EVENT THAT THE ALUMNI ASSOCIATION FAILS TO SELECT TWO TRUSTEES IN ANY YEAR, THE BOARD FILLS ANY RESULTING VACANCY BY ELECTING AN ALUMNUS OF THE ACADEMY. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY MANAGEMENT AND BY THE AUDIT COMMITTEE. A COPY OF FORM 990 IS DISTRIBUTED TO BOARD MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AN EXPLANATION OF THE CONFLICT OF INTEREST POLICY IS PRESENTED TO ALL BOARD OF TRUSTEE MEMBERS AT THE START OF EACH SCHOOL YEAR. DATA COLLECTION FORMS ARE DISTRIBUTED AND INFORMATION IS THEN SENT TO THE BUSINESS OFFICE WHERE IT IS REVIEWED AND MAINTAINED ON FILE THROUGHOUT THE YEAR. CONFLICTS OF INTEREST DISCLOSURE FORMS ARE FORWARDED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE ACADEMY'S CHAIRMAN OF THE BOARD SELECTS CERTAIN BOARD MEMBERS TO COMPRISE A COMPENSATION COMMITTEE. THIS GROUP ANALYZES DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND OTHER LOCAL SURVEYS TO DETERMINE APPROPRIATE SALARY RANGES. FOR TOP MANAGEMENT, THE ACADEMY ENGAGES THE SERVICES OF LOCAL LEGAL COUNSEL TO ASSIST IN THE REVIEW AND PREPARATION OF EMPLOYMENT CONTRACTS AND/OR AGREEMENTS. FORM 990, PART VI, SECTION C, LINE 19 SHADY SIDE ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY STATEMENT AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST THROUGH THE ACADEMY'S BUSINESS OFFICE. ACADEMY TRUSTEES EMERITI WITH NO VOTING RIGHTS: FORM 990, PART VII, THE FOLLOWING HAVE BEEN IDENTIFIED AS SHADY SIDE G. NICHOLAS BECKWITH, III, PAUL G. BENEDUM, JR., JOHN E. BROWNELL, JR., FLOYD A. CEPHAS, SR., JOHN P. DAVIS, JR., JOHN H. DEMMLER, WILLIAM P. GETTY, LAWRENCE N. GUMBERG, PAUL R. JENKINS, KARL F. KRIEGER, ANNE V. LEWIS, W. THOMAS MCGOUGH, JR., HENRY POSNER, JR., EDWIN F. SCHEETZ, JR., SUSANNE C. WEAN. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,346,416. FORM 990, PART XII, QUESTION 2C, FINANCIAL STATEMENTS AND REPORTING: AS A SUB-COMMITTEE OF THE FINANCE COMMITTEE, THE AUDIT COMMITTEE IS CHARGED WITH THE SELECTION OF AN OUTSIDE INDEPENDENT AUDIT FIRM. THIS IS REVIEWED ANNUALLY AND, BASED ON CONTRACT TERMS WITH THE CURRENT FIRM AT THE TIME, THE COMMITTEE DETERMINES WHEN TO NEGOTIATE CONTINUED RATES AND/OR TO REQUEST BIDS FROM OTHER FIRMS. SHADY SIDE ACADEMY FOUNDATION 423 FOX CHAPEL ROAD PITTSBURGH PA 15238 251754941 EXTENSION OF SHADY SIDE ACADEMY EDUCATIONAL MISSION - FUNDRAISING PA 501(C)(3) 509(A)(3) TYPE I SHADY SIDE ACADEMY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0