2012-05-14T13:25:17-05:00 2011-06-30 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2010-07-01 066011774 SECONDARY SCHOOL ADMISSION TEST BOARD SECO 6096834440 862 ROUTE 518 SKILLMAN NJ 08558 HEATHER HOERLE 6096834440 2012-05-11 1 JULIUS C GREEN CPA JD 2159720701 2010 2016-02-24 21:20:13Z HEATHER HOERLE 862 ROUTE 518 SKILLMAN NJ 08558 14395455 0 X WWW.SSAT.ORG X 1966 NJ TESTING AND ADMISSION SERVICES 13 13 24 0 0 0 0 0 9175985 10498076 426500 608433 65400 10900 9667885 11117409 0 0 0 0 2875253 3494037 0 0 0 6621986 7331335 9497239 10825372 170646 292037 12664556 13690242 930434 1664083 11734122 12026159 X SECONDARY SCHOOL ADMISSION TEST BOARD ("SSATB") WAS BORN IN 1952 WHEN NINE INDEPENDENT SCHOOL ADMISSION OFFICERS CAME TOGETHER TO DISCUSS COMMON ISSUES AND CHALLENGES ATTENDANT TO INDEPENDENT SCHOOL ADMISSION. THE MISSION OF SSATB IS TO ADVANCE AND ADD VALUE TO THE PRIVATE SCHOOL ADMISSION PROCESS FOR SCHOOLS, STUDENTS, AND FAMILIES. SSATB FULFILLS ITS MISSION BY ALLOCATING RESOURCES TO SERVICES WHICH SUSTAIN AND SUPPORT THESE STAKEHOLDER GROUPS. FOR SCHOOLS, SSATB PROVIDES HIGH-QUALITY ADMISSION AND ASSESSMENT TOOLS AND RESOURCES, PROFESSIONAL TRAINING, INFORMATION, AND COLLEGIAL SUPPORT TO BOTH INEXPERIENCED AND EXPERIENCED MEMBERS - REGIONALLY, NATIONALLY AND INTERNATIONALLY. FOR STUDENTS AND THEIR FAMILIES, SSATB OFFERS EFFECTIVE TEST PREPARATION, GUIDANCE, AND APPLICATION RESOURCES THAT EASE THE ADMISSION PROCESS AND HELP STUDENTS MAKE THE BEST MATCH POSSIBLE. 0 0 5341994 9169598 TESTING ACTIVITIES - OPERATING OF NATIONAL TESTING SERVICE, TEST CENTER, MATERIALS, SCORING AND REPORTING SERVICES FOR CANDIDATES AND SCHOOLS.FOR SCHOOLS, SSATB PROVIDES HIGH-QUALITY ADMISSION AND ASSESSMENT TOOLS AND RESOURCES, PROFESSIONAL TRAINING, INFORMATION, AND COLLEGIAL SUPPORT TO BOTH INEXPERIENCED AND EXPERIENCED MEMBERS - REGIONALLY, NATIONALLY AND INTERNATIONALLY. FOR STUDENTS AND THEIR FAMILIES, SSATB OFFERS EFFECTIVE TEST PREPARATION, GUIDANCE, AND APPLICATION RESOURCES THAT EASE THE ADMISSION PROCESS AND HELP STUDENTS MAKE THE BEST MATCH POSSIBLE.THE SSATB WEB SITE FOR SCHOOLS IS A COMPREHENSIVE ONLINE RESOURCE. NEWS FEEDS, BLOGS, WEBINARS, AND A LIBRARY OF PROFESSIONAL RESOURCES KEEPS MEMBERS CURRENT ON THE WIDE BREADTH OF SSATB SERVICES AS WELL AS INDUSTRY NEWS AND PRACTICES. THE UNIQUE AND POWERFUL MEMBER ACCESS PAGE (MAP) PROVIDES EACH MEMBER SCHOOL WITH ITS OWN SECURE WEB PAGES, WHICH COMPILE INFORMATION ON STUDENT INQUIRIES, APPLICATIONS, AND TEST SCORES IN AN EASY-TO-ACCESS FORMAT. ADDITIONALLY, AN ADMISSION DASHBOARD PROVIDES SCHOOL-SPECIFIC DATA REPORTS RIPE FOR USE IN BOARD REPORTING. SSATB HELPS SCHOOLS FILL LATE OPENINGS BY FACILITATING A REFERRAL NETWORK AMONG INDEPENDENT DAY AND BOARDING SCHOOLS WITH ADMISSION OPENINGS.THE CORNERSTONE OF SSATB'S FAMILY SERVICES IS THE SSAT FEE WAIVER PROGRAM, AND EACH YEAR, THOUSANDS OF STUDENTS TAKE ADVANTAGE OF THE PROGRAM. COMMITTED TO INCREASING THE STUDENT DIVERSITY IN PRIVATE AND INDEPENDENT SCHOOLS, SSAT FEE WAIVERS ARE AVAILABLE TO ANY STUDENT WHOM OUR MEMBER SCHOOLS DETERMINE TO BE ELIGIBLE. A COMPREHENSIVE STUDENT WEB SITE ENSURES THAT STUDENTS AND FAMILIES CAN ACCESS INFORMATION ON ALL ASPECTS OF THE SSAT, INCLUDING TEST PREPARATION, SCORE INTERPRETATION, AND ONLINE TEST REGISTRATION. A PRINTED STUDY GUIDE WALKS STUDENTS STEP-BY-STEP THROUGH THE ADMISSION PROCESS, PROVIDING TIMELINES AND ADVICE FOR THE APPLICATION, INTERVIEWS, CAMPUS VISITS, AND FINANCIAL AID, AS WELL AS REVIEW EXERCISES AND FULL-LENGTH SAMPLE TESTS TO PREPARE THEM FOR THE SSAT. A SCHOOL SEARCH AND INQUIRY FEATURE ALLOWS STUDENTS TO RESEARCH SCHOOLS AND TO SUBMIT AN ONLINE INQUIRY, CONTAINING BIBLIOGRAPHIC AND GENERAL INTEREST DATA, TO ANY PARTICIPATING MEMBER SCHOOL. THE STANDARD APPLICATION ONLINE IS APPLICATION, ACCEPTED BY THE MAJORITY OF MEMBER SCHOOLS, ALLOWS STUDENTS TO COMPLETE ONE APPLICATION FOR ADMISSION AND SEND IT ELECTRONICALLY TO MULTIPLE SCHOOLS, SIGNIFICANTLY REDUCING THE BURDEN OF THE ADMISSION PROCESS FOR STUDENTS AND FAMILIES. 334648 608451 PUBLICATION EXPENSES - PUBLISH AND DISTRIBUTE PUBLICATIONS OF INFORMATION ABOUT INDEPENDENT SCHOOLS AND THE SSAT.THE SSATB WEB SITE FOR SCHOOLS IS A COMPREHENSIVE ONLINE RESOURCE. NEWS FEEDS, BLOGS, WEBINARS, AND A LIBRARY OF PROFESSIONAL RESOURCES KEEPS MEMBERS CURRENT ON THE WIDE BREADTH OF SSATB SERVICES AS WELL AS INDUSTRY NEWS AND PRACTICES. SSATB ALSO PUBLISHES, IN BOTH PRINT AND ELECTRONIC FORM, AN ARRAY OF PUBLICATIONS THROUGHOUT EACH YEAR DESIGNED TO SUPPORT SCHOOL ADMISSION OFFICERS - "MEMBERANDA", "TRENDS IN ADMISSION", AND ANY NUMBER OF SPECIAL SURVEYS AND REPORTS. THE ANNUAL MEETING, WHICH DRAWS CLOSE TO 500 ADMISSION PROFESSIONALS EACH YEAR, IS THE ONLY NATIONAL CONFERENCE FOCUSED EXCLUSIVELY ON THE INFORMATION AND RESOURCE NEEDS OF INDEPENDENT SCHOOL ADMISSION OFFICERS, AND THE ADMISSION TRAINING INSTITUTE, A TWO-DAY TRAINING PROGRAM, PROVIDES THOSE NEW TO THE PROFESSION WITH A THOROUGH INTRODUCTION TO THE JOB OF ADMISSION. 136349 CONTINUED RESEARCH - MAINTAINING PRIMARY PRODUCTS, GRADING METHOD DEVELOPMENT, AND DEVELOPMENT OF BIOGRAPHICAL TESTING DATA. 5812991 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 289 0 1 24 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 0 0 1 1 0 0 1 1 0 1 1 0 1 1 0 X ORGANIZATION 6096834440 862 ROUTE 518 SKILLMAN NJ 08558 X PILAR CABEZA DE VACA 2.00 X 0 0 0 JAMES K SCOTT 2.00 X 0 0 0 JAMES POWER 2.00 X X 0 0 0 KEVIN PLUMMER 2.00 X 0 0 0 CAMILLE BERTRAM 2.00 X X 0 0 0 BARBARA FLANAGAN 2.00 X 0 0 0 KILIAN FORGUS 2.00 X 1705 0 0 ELLEN Y MOCERI 2.00 X 0 0 0 SUSAN NELSON 2.00 X 0 0 0 GREG BUCKLES 2.00 X 0 0 0 IRMA RODRIGUEZ 2.00 X 0 0 0 LAWRENCE SAMPLETON 2.00 X X 0 0 0 LORRI HAMILTON DURBIN 2.00 X 0 0 0 REGAN KENYON 40.00 X 1040350 0 135201 THOMAS O WHITE 20.00 X 195331 0 38855 PETER G CROGHAN 40.00 X 186293 0 20663 HEATHER HOERLE 40.00 X 0 0 0 1423679 0 194719 3 0 1 0 BALLARD SPAHRLLC 1735 MARKET STREET 51ST FLOOR PHILADELPHIA PA 19103 LEGAL SERVICES 529186 AECOM INC P0 BOX 31863 HARTFORD CT 06150 SOFTWARE CONSULTING 339208 PARENTEBEARD LLC PO BOX 8500 PHILADELPHIA PA 19178 ACCOUNTING AND AUDIT 118333 MICHAEL HORSEY 1812 LOCUST GROVE RD SILVER SPRING MD 20910 MARKETING CONSULTANT 109375 AIMEE GRUBER 1769 ELFORD RD SHAWNIGAN LAKE BRITISH COLUMBIA VOR CA MARKETING CONSULTANT 103000 5 CANDIDATES TEST FEES 611710 9169598 9169598 PUBLICATIONS 611710 608451 608451 MEMBERSHIP DUES & ASSE 611710 470396 470396 ANNUAL MEETING 611710 234231 234231 ADMISSION SEARCH INITI 611710 15400 15400 10498076 472183 472183 10900 10900 10900 10900 3375396 38900 3253315 24731 122081 14169 136250 136250 11117409 11106509 0 10900 832929 1705 831224 1795765 1364324 431441 264280 124696 139584 446781 446781 154282 154282 430531 430531 143932 143932 31618 31618 462733 439595 23138 91780 91780 545273 536996 8277 296181 117525 178656 354710 115120 239590 586181 586181 1100 1100 237021 111400 125621 48500 48500 TESTING ACTIVITIES 853179 853179 POSTAGE AND SHIPPING 705488 705488 ASSET IMPAIRMENT 650000 650000 CONSULTING SERVICES 459155 178239 280916 TEMPORARY SERVICES 433245 433245 1000708 831479 169229 10825372 5812991 5012381 0 116588 79814 5122364 4876398 112915 325348 6596977 3237003 4170136 3359974 3060896 4980181 41156 38023 40501 30504 12664556 13690242 302177 1382474 282367 277356 345890 4253 930434 1664083 X 11734122 12026159 11734122 12026159 12664556 13690242 292037 0 X X 0 1 1 X 0 X 382918 399469 416959 419314 470396 2089056 8109920 8509648 8628130 8756671 10027680 44032049 8492838 8909117 9045089 9175985 10498076 46121105 0 0 0 46121105 258480 250498 199392 453910 472183 1634463 258480 250498 199392 453910 472183 1634463 83778 62327 122081 268186 8835096 9221942 9244481 9629895 11092340 48023754 0.96040 0.96570 0.03400 0.02570 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: NATURE OF SOURCE 2010 2009 2008 2007 2006 GAIN ON SALE OF SECURITIES 122,081. 62,327 83,778 TOTAL$ 122,081. 0. 0. 62,327 83,778 896410 896410 3485562 1283946 2201616 1133011 959917 173094 1081994 993140 88854 3359974 CAPITAL LEASES 4253 4253 11117409 10825372 292037 0 292037 11103240 0 11103240 14169 14169 11117409 10811203 -14169 -14169 10825372 0 10825372 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS USING A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT AS TO WHETHER THE UNCERTAINTY WILL BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET RECOGNITION THRESHOLD. THE ORGANIZATION'S FEDERAL EXEMPT RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS PRIOR TO JUNE 30, 2008. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF PROPERTY AND EQUIPMENT (NETTED WITH EXPENSES ON F/S) 14,169. PART XIII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON SALE OF PROPERTY AND EQUIPMENT (NETTED WITH EXPENSES ON F/S) -14,169. CANADA, ASIA, AND EUROPE 0 1 FIELD STAFF MEMBERS PERFORM PUBLIC RELATION DUTIES WITH MEMBER SCHOOLS & RECRUIT ADDITIONAL MEMBERS PUBLIC RELATIONS AND SELLING 108000 0 1 0 0 0 1 108000 0 108000 0 0 0 0 0 0 X X X 0 0 X X X X X 0 1 0 0 0 0 0 0 0 REGAN KENYON 392060 0 4240 0 644050 0 116805 0 18396 0 1175551 0 0 0 THOMAS O WHITE 195331 0 0 0 0 0 26425 0 12430 0 234186 0 0 0 PETER G CROGHAN 186293 0 0 0 0 0 0 0 20663 0 206956 0 0 0 PART I, LINE 1A AS PART OF THE FORMER CEO'S EMPLOYMENT CONTRACT, HOUSING WAS PROVIDED. RENT WAS PAID BY THE CEO. REIMBURSEMENT INCLUDING A GROSS-UP OF TAXES WAS PROVIDED TO THE CEO TO UNDERWRITE THE RENTAL PAYMENTS MADE TO THE ORGANIZATION. THE ORGANIZATION ALSO REIMBURSED THE CEO FOR PAYMENT OF DUES. THESE ITEMS ARE INCLUDED IN TAXABLE WAGES. THE FORMER CEO ALSO HAD A DISCRETIONARY SPENDING ACCOUNT - ANY REIMBURSEMENT FOR PERSONAL EXPENSES ARE INCLUDED IN TAXABLE WAGES ON THE W-2. PART I, LINE 1B DIRECTORS AND STAFF ARE REQUIRED TO COMPLETE WRITTEN REIMBURSEMENT REQUEST FORMS PRIOR TO BEING REIMBURSED FOR TRAVEL AND RELATED EXPENDITURES. PART I, LINE 4B REGAN KENYON RECEIVED ACCRUED DEFERRED COMPENSATION OF $116,805 UNDER IRC SECTIONS 457 (F) AND (B). THOMAS WHITE RECEIVED ACCRUED DEFERRED COMPENSATION OF $26,425 UNDER IRC SECTION 457 (B). FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL BE COMPOSED OF THOSE MEMBERS OF THE BOARD OF DIRECTORS WHO ARE IN GOOD STANDING AND WHO HAVE BEEN DULY ELECTED BY A MAJORITY OF THE DIRECTORS THEN IN OFFICE AT EACH ANNUAL MEETING OF THE BOARD OR BY OTHER DESIGNATED OR APPROPRIATE MEANS DULY DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WAS REVIEWED BY THE OFFICERS AND THE BOARD FINANCE COMMITTE BEFORE FILING WITH THE IRS. FORM 990, PART VI, LINE 12B THE ORGANIZATION'S CURRENT CONFLICT OF INTEREST POLICY APPLIES ONLY TO DIRECTORS OF SSATB. THE ORGANIZATION IS LOOKING TO EXPAND THE POLICY DURING FISCAL YEAR 2012 TO INCLUDE ALL OFFICERS AND KEY EMPLOYEES OF SSATB AS WELL AS THE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DOCUMENT ANNUALLY AND TO SUBMIT IT TO THE CORPORATE SECRETARY FOR REVIEW. IF A CONFLICT EXISTS WITH A DIRECTOR, THE DIRECTOR IS ASKED TO REMOVE HIMSELF OR HERSELF FROM DISCUSSION AND RECUSE HIMSELF OR HERSELF FROM THE VOTE ON SUCH MATTERS. IF A CONFLICT WITH AN EMPLOYEE WAS PRESENT, THE EXECUTIVE DIRECTOR AND, IF NEED BE, THE BOARD WOULD WORK TO CORRECT THE CONFLICT. A REVISED CONFLICT OF INTEREST POLICY TO INCLUDE OFFICERS AND KEY EMPLOYEES IS BEING DEVELOPED BY THE ORGANIZATION. NO CONFLICTS EXISTED FOR THE FISCAL YEAR BEING FILED. FORM 990, PART VI, SECTION B, LINE 15 A THIRD PARTY COMPENSATION CONSULTANT IS HIRED BY THE BOARD TO ANALYZE THE PRESIDENTS' SALARY AND BENEFIT PACKAGE. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE CONSULTANT'S REPORT AND SETTING COMPENSATION STRATEGY SUCH THAT THE PRESIDENT IS PAID NO MORE THAN FAIR MARKET VALUE COMPENSATION. SIMILARLY, THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR ENSURING THAT OTHER OFFICERS AND KEY EMPLOYEES ARE PAID NO MORE THAN FAIR MARKET VALUE COMPENSATION. THE BOARD MAINTAINS DOCUMENTATION TO SUPPORT ITS DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 NO GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION B, LINE 14 THE ORGANIZATION IS IN THE PROCESS OF PREPARING A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. FORM 990, PART VII COMPENSATION LISTED ON PART VII IS BASED UPON CALENDAR YEAR 2010 COMPENSATION. AS SUCH, NO COMPENSATION IS REPORTED FOR THE CURRENT PRESIDENT, HEATHER HOERLE, AS SHE BEGAN WORK AT SSATB IN MARCH 2011. FORM 990, PART XII, LINE 2 THE FULL BOARD VOTED ON THE AUDITORS FOR THE FISCAL 2011 AUDIT AFTER A LIVE PRESENTATION BY THE TWO FINALISTS.