2012-03-06T15:17:23-06:00 2011-06-30 PARENTEBEARD LLC 1650 MARKET STREET STE 4500 PHILADELPHIA PA 19103 990 2010-07-01 231728281 THE WOODLYNDE SCHOOL CORPORATION WOOD 6106879660 445 UPPER GULPH ROAD STRAFFORD PA 19087 DR CHRISTOPHER FULCO 6106879660 2012-03-05 1 JULIUS GREEN CPA 2159720701 2010 2016-02-24 21:20:13Z DR CHRISTOPHER FULCO 445 UPPER GULPH ROAD STRAFFORD PA 19087 11000486 0 X WWW.WOODLYNDE.ORG X 1976 PA CO-EDUCATIONAL, COLLEGE PREPARATORY, INDEPENDENT SCHOOL SERVING 1ST THROUGH 12TH GRADE. 19 19 146 50 0 0 596863 692706 8524209 8120164 79421 135886 117541 988 9318034 8949744 1057090 1130462 0 0 6092589 6068166 0 0 444443 1627667 1727452 8777346 8926080 540688 23664 6600760 6990450 1536034 1651072 5064726 5339378 WOODLYNDE SERVES STUDENTS WITH DIVERSE LEARNING STYLES AND EMPOWERS THEM TO BECOME STRATEGIC LEARNERS AND SELF-ADVOCATES IN AN ENVIRONMENT THAT PROVIDES BOTH CHALLENGE AND SUPPORT. 0 0 7173457 1130462 8120164 THE WOODLYNDE EXPERIENCE IS A MULTI-SENSORY PROGRAM WITH RESEARCH BASED INSTRUCTION THAT GIVES STUDENTS THE TOOLS AND STRATEGIES THEY NEED TO BECOME SELF-SUFFICIENT AND CONFIDENT LIFELONG LEARNERS. THE WOODLYNDE PROGRAM MEETS INDIVIDUAL STUDENT NEEDS THROUGH SMALL CLASS SIZE, DIAGNOSTIC TEACHING AND ALTERNATIVE ASSESSMENT, CUTTING EDGE TECHNOLOGY, AND A CARING AND EXPERIENCED FACULTY. WOODLYNDE OFFERS COMPLETE DRAMA, ARTS, AND MUSIC PROGRAMS ALONG WITH AN INCLUSIVE AND COMPETITIVE ATHLETICS PROGRAM. OPPORTUNITIES FOR COMMUNITY SERVICE AND VOLUNTEERISM ARE AVAILABLE FOR ALL STUDENTS. 7173457 1 1 0 0 0 0 0 0 1 1 0 0 0 0 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 0 1 6 0 1 146 1 0 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X IRENE VAN ZIJL BUSINESS MGR 6102936558 445 UPPER GULPH ROAD STRAFFORD PA 19087 CONNIE KATZ 1.00 X X 0 0 0 JANE MULLANY 12.00 X X 0 0 0 GEORGE CONNELL JR 1.00 X 0 0 0 MATTHEW W FREDERICK 1.00 X 0 0 0 STEPHEN GUTSCHE 1.00 X 0 0 0 RANDIE HARMELIN 1.00 X 0 0 0 MS MARYANN O'CONOR 1.00 X 0 0 0 BARBARA RENNINGER 1.00 X X 0 0 0 CHUCK RITER 1.00 X X 0 0 0 BARRY RORER 1.00 X 0 0 0 MICHAEL J RUDOLPH 1.00 X 0 0 0 BILL RULON-MILLER 1.00 X 0 0 0 HARRIET SAMITZ 1.00 X 0 0 0 JOHN J SCHMITZ 1.00 X 0 0 0 MICHAEL TRUDGEON 1.00 X 0 0 0 CAROL UDVARHELYI 1.00 X 0 0 0 THERESE WOODMAN 1.00 X 0 0 0 DR PATRICK JOSEPH BRENNAN 1.00 X 0 0 0 WALTER HARTSHORN 1.00 X 0 0 0 DR CHRISTOPHER FULCO 40.00 X 183950 0 29254 PENNY MOLDOFSKY 40.00 X 102065 0 12120 286015 0 41374 2 0 1 0 0 75000 33872 583834 36168 692706 TUITION 611710 7496899 7496899 AUXILIARY PROGRAMS 611710 477747 477747 CAFETERIA 611710 145518 145518 8120164 137665 137665 2006381 2008160 -1779 -1779 -1779 41540 75000 42582 -1042 -1042 2030 2030 2030 8949744 8120164 0 136874 1130462 1130462 222192 222192 4690745 4048114 342274 300357 191304 158497 26254 6553 578875 494260 60042 24573 385050 291523 71722 21805 4647 4647 21132 21132 1770 1770 127302 127302 60663 18822 41841 404758 176492 189474 38792 178317 178317 154175 145888 5420 2867 17502 16561 614 327 610 578 21 11 302530 286254 10619 5657 88786 84010 3116 1660 DEPARTMENT EXPENSES 210070 210070 CAFETERIA 99592 99592 PROFESSIONAL DEVELOPMEN 34057 31032 3025 DUES & PUBLICATIONS 21417 21417 124 124 8926080 7173457 1308180 444443 254668 7223 2122232 153046 16341 12360 168283 170351 8163850 5497504 2547157 2666346 1492079 3981124 6600760 6990450 634112 664342 901922 786730 200000 1536034 1651072 X 4630686 5016560 398380 286958 35660 35860 5064726 5339378 6600760 6990450 X 23664 250988 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1035860 1035860 0.96600 0.03400 0.00000 0 0 200000 200000 5148654 2686337 2462317 2720037 2720037 0 95159 91130 4029 2666346 8949744 8926080 23664 250988 250988 274652 8069282 250988 -1055462 -804474 8873756 75988 75988 8949744 7795618 0 7795618 1130462 1130462 8926080 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT IS NEW AND HAS BEEN ESTABLISHED TO AUGMENT CAPITAL IMPROVEMENTS FUNDS AND TO PROVIDE ADDITIONAL FUNDS FOR STUDENT SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE SCHOOL'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR 2010, 2009, AND 2008 REMAIN SUBJECT TO EXAMINATION BY THE IRS. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XII, LINE 2D - OTHER ADJUSTMENTS: WOODLYNDE COMMUNITY CONTRIBUTIONS 75,000. FINANCIAL AID -1,130,462. PART XII, LINE 4B - OTHER ADJUSTMENTS: PARENT'S COMMUNITY ACTIVITY 75,988. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,130,462. 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 THE SCHOOL PUBLICLY STATES IN THE LOCAL NEWSPAPER ITS RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS. GALA 105781 75000 30781 42582 105781 75000 30781 42582 42582 -11801 1 FINANCIAL AID 78 1130462 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FINANCIAL AID BUDGET IS SET ANNUALLY BY THE SCHOOL AND APPROVED BY THE BOARD OF DIRECTORS. THE SCHOOL'S FINANCIAL AID COMMITTEE IS RESPONSIBLE FOR THE ALLOCATION OF ALL FUNDS TO RECIPIENTS WHO DEMONSTRATE NEED. PARENTS WHO APPLY FOR AID ARE REQUIRED TO SUBMIT THEIR FEDERAL AND STATE TAX RETURNS, AS WELL AS A FINANCIAL STATEMENT. THESE MATERIALS ARE REVIEWED BY THE FINANCIAL AID COMMITTEE AND A DECISION FOR THE AMOUNT OF AID IS REACHED. ALL DECISIONS ARE FOR A ONE YEAR COMMITMENT ONLY. IF AID IS REQUIRED IN SUBSEQUENT YEARS THE PROCESS IS REPEATED. THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FINANCIAL AID EXPENDITURES INSURING THAT THE TOTALS REMAIN WITHIN THE BUDGETED AMOUNTS. X X X 0 0 0 0 0 0 0 0 0 DR CHRISTOPHER FULCO 183950 0 0 0 0 0 9135 0 20119 0 213204 0 120315 0 X 3 36168 NYSE 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD. IT IS THEN DISTRIBUTED TO THE ENTIRE BOARD OF TRUSTEES FOR COMMENT BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AS AN INDEPENDENT SCHOOL WITH LIMITED RESOURCES THE ORGANIZATION IS VERY CAREFUL WHEN ENTERING INTO ANY AGREEMENT THAT MAY RESULT IN A CONFLICT OF INTEREST. THE SCHOOL'S MANAGEMENT REQUIRES MULTIPLE BIDS ON ALL CONTRACTS, REQUIRING THAT AT LEAST ONE BIDDER BE COMPLETELY INDEPENDENT OF THE SCHOOL. IF THE SUCCESSFUL BIDDER IS A STAKEHOLDER IN THE SCHOOL, A VERY RARE OCCURENCE, THE SCHOOL IS VERY CAREFUL TO COMMUNICATE UP FRONT THAT NO SPECIAL TREATMENT WILL BE AFFORDED TO ANY STUDENT-RELATED CONTRACTOR. ADDITIONALLY, ALL BOARD TRUSTEES SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE ANNUAL DISCLOSURE SPECIFICALLY MENTIONS FAMILY AND BUSINESS RELATIONSHIPS. SHOULD A CONFLICT, POTENTIAL OR ACTUAL, BECOME APPARENT, THE CONFLICT IS REPORTED TO THE CHAIRMAN OF THE BOARD. THE INTERESTED PARTY DOES NOT PARTICIPATE IN ANY DISCUSSIONS OR DECISIONS INVOLVING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD, WITH THE APPROVAL OF THE FULL BOARD OF TRUSTEES. COMPENSATION IS SET BASED ON PERFORMANCE. THE COMPENSATION PACKAGES OF HEADS AT COMPARABLE SCHOOLS ARE ALSO CONSIDERED TO ENSURE COMPENSATION IS SET WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. AL BOARD-LEVEL COMPENSATION DISCUSSIONS ARE RECORDED IN BOARD MINUTES. COMPENSATION FOR ALL OTHER SCHOOL EMPLOYEES, INCLUDING TOP MANAGEMENT OFFICIALS, IS DETERMINED BY THE HEAD OF SCHOOL. COMPENSATION IS BASED ON PERFORMANCE. THE SCHOOL'S GOAL, SUPPORTED BY THE BOARD, IS THAT ALL FACULTY AND STAFF BE PAID AT MARKET RATES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 250,988. FORM 990, PART XII QUESTION 2C: THE PROCESS OF OVERSIGHT OF THE AUDIT AND SELECTION OF AUDIT HAS REMAINED THE SAME FROM THE PRIOR YEAR.