2012-09-24T09:42:34-05:00 2012-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2011-07-01 231352677 SHIPLEY SCHOOL SHIP 6105254300 814 YARROW STREET BRYN MAWR PA 19010 ADAM WOJTELWICZ 6105254300 2012-09-24 1 MARTIN MAUCH P00764633 2159798800 2012-09-21 2011 2016-02-24 21:20:13Z STEVEN S PILTCH 814 YARROW STREET BRYN MAWR PA 19010 42221432 0 X WWW.SHIPLEYSCHOOL.ORG X 1894 PA THE SHIPLEY SCHOOL IS A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL. 36 35 334 200 0 0 9059002 5862881 22946946 24074165 763206 691555 1217219 1094487 33986373 31723088 3894041 4107754 0 0 14591241 15140166 0 0 1353961 9446949 10029325 27932231 29277245 6054142 2445843 75736370 79098955 27702989 31150211 48033381 47948744 THE SHIPLEY SCHOOL, A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL, IS COMMITTED TO EDUCATIONAL EXCELLENCE AND DEDICATED TO DEVELOPING IN EACH STUDENT A LOVE OF LEARNING AND A COMPASSIONATE PARTICIPATION IN THE WORLD. 0 0 20069566 4107754 24074165 THE SHIPLEY SCHOOL PROVIDED A PRIVATE SCHOOL EDUCATION TO STUDENTS RANGING FROM PRE-KINDERGARTEN TO GRADE 12. 838 STUDENTS WERE ENROLLED AT THE SCHOOL DURING THE 2011-2012 ACADEMIC YEAR. THE SCHOOL IS ACCREDITED BY THE PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS. THE SHIPLEY EXPERIENCE EXTENDS BEYOND THE CLASSROOM AS SHIPLEY SPORTS TEAMS HAVE WON 34 LEAGUE CHAMPIONSHIPS IN THE LAST FIVE YEARS. IN ADDITION, SHIPLEY STUDENTS HAVE MADE AN IMPACT ON THE COMMUNITY AS ALL SHIPLEY STUDENTS PARTICIPATED IN SERVICE LEARNING PROJECTS THROUGHOUT THE ACADEMIC YEAR. 20069566 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 24 0 334 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X ADAM WOJTELWICZ 6105254300 814 YARROW STREET BRYN MAWR PA 190103598 X STEVEN S PILTCH 45.00 X X 385338 0 276282 SUSANNA LACHS 2.00 X 0 0 0 ADAM B SPECTOR 1.50 X 0 0 0 KENNETH J HUFFMAN 0.80 X 0 0 0 CYNTHIA A ARCHER 0.80 X 0 0 0 ERIC T BRADLOW 0.80 X 0 0 0 CURTIS R CONNER 0.80 X 0 0 0 MIMI KELLER DRAKE 0.80 X 0 0 0 CARMEL DELANEY 0.80 X 0 0 0 PENELOPE DYSON FOLEY 0.80 X 0 0 0 RICHARD IGOLDSTEIN 0.80 X 0 0 0 DR AUTUMN ATKINS GRAVES 0.80 X 0 0 0 SALLY HYMAN 0.80 X 0 0 0 DOUGLAS L JORDAN 0.80 X 0 0 0 MARJORIE G KATZ 0.80 X 0 0 0 STACEY SHREINER KLEY 0.80 X X 0 0 0 DAVID M LAZARUS 0.80 X 0 0 0 LEO HELMERS 0.80 X 0 0 0 JAN R LINOWITZ 0.80 X 0 0 0 JOHN M MURABITO 0.80 X 0 0 0 CONNIE MCCANN 0.80 X 0 0 0 RENEE JOHNSON 0.80 X 0 0 0 WILLIAM SCHWARTZ 0.80 X 0 0 0 DONNA STERNBERG 0.80 X 0 0 0 ERIKA WHYTE 0.80 X 0 0 0 DERRIK RG MORRIS 0.80 X 0 0 0 TAD G SPERRY 0.80 X 0 0 0 ELLEN T CAPLAN 0.80 X 0 0 0 THOMAS W NAMMACK 0.80 X 0 0 0 JENNIFER NEFF 0.80 X 0 0 0 DAVID P SAMSON 0.80 X 0 0 0 BROOKSLEY WYLIE 0.80 X 0 0 0 JOHN FRY 0.80 X 0 0 0 ROY GUNDY 0.80 X 0 0 0 LISA SCHOENBERG 0.80 X 0 0 0 JON LITNER 0.80 X 0 0 0 HILARY MANER 0.80 X 0 0 0 ADAM WOJTELWICZ 45.00 X 149899 0 32244 USHA BALAMORE 45.00 X 107352 0 11328 CHRIS FARR 45.00 X 102257 0 11048 MARK SCHOEFFEL 45.00 X 116929 0 17183 NOOHA AHMED LEE 45.00 X 138843 0 18388 JOHN ZELEK 45.00 X 100680 0 16289 1101298 0 382762 7 0 1 0 AMR CONSTRUCTION INC TA RUFO CONTRACT 441 E HECTOR ST STE 300 CONSHOHOCKEN PA 19428 CONSTRUCTION SERVICES 4413834 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWSON MD 21204 STUDENT DINING SERVICES 782568 BOHLIN CYWINSKI JACKSON 123 SOUTH BROAD ST PHILADELPHIA PA 19109 INTERIOR DESIGN 522446 AMERICAN SERVICES CORP THE ASC BUILDING 2241 PROVIDENCE A CHESTER PA 19013 JANITORIAL SERVICES 467993 COMDATA 312 N MAIN ST PRINCETON NJ 08540 FINANCIAL TRANSACTION PROCESSING 415885 5 5862881 505502 5862881 TUITION & FEES 611710 23300861 23300861 CAFETERIA SALES/ LUNCH 611710 560861 560861 BOOKSTORE SALES 611710 195576 195576 BOOKFAIR 611710 16867 16867 24074165 511965 511965 161522 161522 161522 161522 10512974 10333384 179590 179590 179590 448225 164960 283265 283265 OTHER 900099 257987 257987 MISCELLANEOUS 900099 237019 237019 CREW FEES 611710 91562 91562 63132 63132 649700 31723088 24074165 0 1786042 4107754 4107754 842463 842463 11358368 8093638 2537723 727007 464383 417451 9435 37497 1604418 1200506 296078 107834 870534 592466 224850 53218 25765 25765 205213 205213 87177 87177 353996 353996 521486 521486 1157815 1157815 918425 918425 1911112 1911112 222288 222288 INSTRUCTIONAL EXPENSE 1281754 1281754 AUXILIARY ACTIVITIES 1231307 1231307 FACILITIES OPERATION AL 805043 650970 154073 MISCELLANEOUS 472291 299369 172922 835653 75763 658480 101410 29277245 20069566 7853718 1353961 3199292 1605983 8661964 9858272 8741607 4517455 156310 258919 121135 96452 53070075 20024024 27381674 33046051 20268866 22966327 6717572 6210311 487950 539185 75736370 79098955 2229957 2532021 1721914 1933597 21124278 21923213 2626840 4761380 27702989 31150211 X 32612446 32685878 4904883 4537378 10516052 10725488 48033381 47948744 75736370 79098955 X 2445843 -2530480 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19187185 2778140 53161 741539 21276947 14019849 3139072 2766398 738134 19187185 12723686 642764 1413108 759709 14019849 16057663 727904 -4061881 12723686 0.34200 0.50400 0.15400 0 0 3628073 3628073 45070239 15950457 29119782 4371763 4073567 298196 33046051 ALTERNATIVE INVESTMENTS 6210311 F 6210311 AGENCY FUNDS 168967 INTEREST RATE SWAP 4592413 4761380 31723088 29277245 2445843 -348247 -2182233 -2530480 -84637 27226834 -348247 164960 -183287 27410121 205213 4107754 4312967 31723088 25129238 164960 164960 24964278 205213 4107754 4312967 29277245 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT DRAW IS USED TO OFFSET OPERATING COSTS. THESE COSTS ARE PRIMARILY FINANCIAL AID, SCHOLARSHIPS, PROGRAM COSTS AND FACULTY SALARIES. THE SCHOOL SUBSIDIZES AN AMOUNT WELL BEYOND THE DRAW IN EACH OF THESE AREAS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS REVIEWED THEIR TAX POSITIONS AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO UNCERTAIN TAX POSITIONS TAKEN ON FEDERAL AND STATE TAX RETURNS FOR THE OPEN TAX YEARS (2009-2011) OR EXPECTED TO BE TAKEN IN THE CURRENT YEAR. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP -2,182,233. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 164,960. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,107,754. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 164,960. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,107,754. 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 THE SCHOOL'S NONDISCRIMINATORY POLICY WAS PUBLISHED IN LOCAL NEWSPAPER. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC) FUNDS FROM THE COMMONWEALTH OF PENNSYLVANIA. SPRING FUNDRAISER 241075 241075 74332 SHIPLEY SHOPS 158365 158365 71767 1 48785 48785 18861 448225 448225 164960 164960 283265 1 FINANCIAL AID 220 4107754 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 STEVEN S PILTCH 292500 0 0 0 92838 0 140750 0 135532 0 661620 0 0 0 ADAM WOJTELWICZ 149899 0 0 0 0 0 8244 0 24000 0 182143 0 0 0 NOOHA AHMED LEE 138843 0 0 0 0 0 7636 0 10752 0 157231 0 0 0 PART I, LINE 1A THE HEADMASTER OF THE SCHOOL IS PROVIDED WITH HOUSING ADJACENT TO THE SCHOOL. THE HOUSING IS A CONDITION OF HIS EMPLOYMENT AND NO PART OF IT IS TAXABLE INCOME. MONTGOMERY COUNTY IND DEV AUTHORITY 232245125 2010-12-30 20800000 TO REFINANCE 2008 REVENUE BONDS AND TO REPAY CONSTRUCTION LINE OF CREDIT 0 0 0 MONTGOMERY COUNTY IND DEV AUTHORITY 232245125 2010-12-30 324278 TO SUPPORT CAPITAL CONSTRUCTION PROJECTS AT THE SCHOOL 0 0 0 20800000 20800000 1 0 0 0 324278 274278 50000 2012 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 WELLS FARGO BANK NA 26.000000000000 0 0 0 0 0 0 0 0 0 0 0 X 60 505502 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, FINANCE COMMITTEE AND THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES MUST SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION OF THE CEO. THE BOARD UTILIZES AN INDEPENDENT CONSULTANT TO BENCHMARK THE COMPENSATION PACKAGE AS PART OF A "SAFE HARBORS" PROCESS. FOR ALL TOP MANAGEMENT EMPLOYEES, BENCHMARKING THROUGH NAIS IS USED TO DETERMINE AN APPROPRIATE SALARY RANGE UPON HIRE. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUESTS FOR THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS NEED TO BE MADE IN WRITING TO THE CFO. THE MATERIALS ARE FURNISHED UPON REQUEST. FORM 990, PART VII, SECTION A ALL PERSONNEL OF THE ASSOCIATION OF DELAWARE VALLEY INDEPENDENT SCHOOLS ("ADVIS") AND THE CENTER FOR THE STUDY OF BOYS AND GIRLS LIVES ("CSBGL") ARE HIRED, SUPERVISED, AND WORK EXCLUSIVELY FOR THOSE ORGANIZATIONS, BUT FOR ADMINISTRATIVE PURPOSES, ARE EMPLOYEES OF THE SCHOOL AND PARTICIPATE IN THE SCHOOL'S BENEFIT PROGRAM. THE ORGANIZATIONS REIMBURSE THE SCHOOL FOR THE PERSONNEL'S SALARIES, RELATED TAXES AND BENEFIT COSTS. REIMBURSEMENTS FROM ADVIS TOTALED $285,372 AND $280,550 FOR THE YEARS ENDED JUNE 30, 2012 AND 2011, RESPECTIVELY. REIMBURSEMENTS FROM CSGBL TOTALED $38,163 AND $2,936 FOR THE YEARS ENDED JUNE 30, 2012 AND 2011, RESPECTIVELY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -348,247. CHANGE IN VALUE OF INTEREST RATE SWAP -2,182,233. TOTAL TO FORM 990, PART XI, LINE 5: -2,530,480. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEDPENDENT ACCOUNTANT. THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.