2012-03-08T09:46:18-06:00 2011-06-30 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2010-07-01 231352650 THE AGNES IRWIN SCHOOL AGNE 6105258400 P O BOX 407 ROSEMONT PA 19010 KEVIN MCCULLOUGH 6105258400 2012-03-01 1 JULIUS C GREEN CPA JD 2129720701 2010 2016-02-24 21:20:13Z KEVIN MCCULLOUGH P O BOX 407 ROSEMONT PA 19010 33771357 0 X WWW.AGNESIRWIN.ORG X 1869 PA TO FOSTER THE INTELLECTUAL AND PERSONAL GROWTH OF GIRLS AND YOUNG WOMEN. 25 24 370 340 0 0 2614882 10281586 16787789 16994720 266266 646237 175989 235132 19844926 28157675 2114236 2346271 0 0 11734296 12673009 0 0 1843545 6051773 5172739 19900305 20192019 -55379 7965656 47579098 59460268 15251161 15493545 32327937 43966723 X THE MISSION OF THE AGNES IRWIN SCHOOL IS TO FOSTER THE INTELLECTUAL AND PERSONAL GROWTH OF GIRLS AND YOUNG WOMEN. THE SCHOOL PROVIDES ITS STUDENTS WITH A RIGOROUS ACADEMIC EDUCATION AND DEDICATES ITSELF TO DEVELOPING EACH STUDENT'S HIGHEST POTENTIAL IN INTELLECT, CHARACTER AND PHYSICAL WELL-BEING. COMMITTED TO BEING A DIVERSE COMMUNITY THAT FOSTERS SELF-CONFIDENCE AND RESPECT FOR OTHERS, THE SCHOOL PREPARES EACH STUDENT TO LEAD AND TO ENRICH THE WORLD. 0 0 13665212 2346271 16994720 FULL-TIME DAY SCHOOL OF APPROXIMATELY 675 STUDENTS IN GRADES PRE-K THROUGH 12 13665212 1 1 0 0 0 0 0 0 1 1 0 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 0 0 0 0 0 0 0 0 0 0 1 35 0 1 370 1 0 0 0 0 0 1 1 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X KEVIN MCCULLOUGH DIRECTOR OF FINANCE 6105258400 ITHAN AVENUE CONESTOGA ROAD ROSEMONT PA 19010 DR MARY SEPPALA 40.00 X X 287200 0 38699 ELINOR H BUCK 1.00 X 0 0 0 JENNIFER KINKEAD CORKRAN 1.00 X 0 0 0 NANCY R CROCKETT 1.00 X 0 0 0 DAVID P HOLLANDER 1.00 X 0 0 0 STEVEN B KATZNELSON 1.00 X X 0 0 0 STEFANIE W LUCAS 1.00 X 0 0 0 EDWIN B MAHONEY 1.00 X 0 0 0 WANDA M ODOM 1.00 X X 0 0 0 NORBORNE GEE SMITH 1.00 X 0 0 0 YVONNE S WILLIAMS 1.00 X 0 0 0 SHARON C YOH 1.00 X 0 0 0 IH CLOTHIER V 1.00 X X 0 0 0 SUSAN S BURCH 1.00 X X 0 0 0 ANN LAUPHIMER SONNENFELD 1.00 X X 0 0 0 LEA MORRISON COHN 1.00 X X 0 0 0 PAMELA T BERKMAN 1.00 X 0 0 0 ANITA L MCMULLIN 1.00 X 0 0 0 ROBERT L MCNEIL 1.00 X 0 0 0 MARSHALL PAGON 1.00 X 0 0 0 DEREK N PEW 1.00 X 0 0 0 KRISTIN A SCHINELLA 1.00 X 0 0 0 CHANDI ZIESING SMITH 1.00 X 0 0 0 PATRICK P COYNE 1.00 X 0 0 0 CYNTHIA CAMPBELL CROCHIERE 1.00 X 0 0 0 KEVIN MCCULLOUGH 40.00 X 171988 0 25669 ANNE WEEKS 40.00 X 124254 0 14099 LYNNE MYAVEC 40.00 X 120319 0 13866 DONNA LINDNER 40.00 X 102466 0 13663 806227 0 105996 5 0 1 0 BOHLIN CYWINSKI JACKSON 8 WEST MARKET STREET WILKESBARRE PA 18701 ARCHITECTS 1319525 CITIZENS BANK PO BOX 9665 PROVIDENCE RI 02940 INSTRUCTIONAL EXPENSE 314287 CHAMBERS ASSOCIATES INC 831 DEKALB PIKE CENTER SQUARE PA 19422 CONSTRUCTION ENGINEERS 256871 3 9000 82189 10190397 10281586 TUITION 611710 16388032 16388032 SUMMER & AFTER SCHOOL 611710 592688 592688 REAL DEAL INCOME 611710 14000 14000 16994720 438473 438473 7000 7000 7000 7000 5589867 5460 5387563 202304 5460 207764 207764 250692 9000 125240 125452 125452 134228 100879 33349 33349 MISCELLANEOUS 611710 29379 29379 TRANSPORTATION INCOME 611710 24810 24810 VENDING MACHINE SALES 611710 15142 15142 69331 28157675 16994720 0 881369 2346271 2346271 556747 556747 9579257 6481468 2221582 876207 558142 368057 159154 30931 1223955 821394 357136 45425 754908 467988 224846 62074 17113 17113 40888 40888 60821 60821 418212 168749 57724 191739 660022 307243 183421 169358 322630 99429 176637 46564 757731 549898 182389 25444 329699 214888 114811 17310 17310 1189293 979282 162798 47213 126864 107162 14914 4788 OTHER AUXILLIARY PROGRA 336492 336492 DUES & SUBSCRIPTIONS 229143 35937 193206 ATHLETICS 156595 156595 ADMISSIONS 99689 99689 LUNCHEON 95522 94173 1349 314715 260296 19983 34436 20192019 13665212 4683262 1843545 3312 357 3370469 4759514 113273 6194704 358400 94031 64556 64628 260320 297962 40277812 15611818 23242193 24665994 15213190 18707774 3180695 2616377 1772690 2058927 47579098 59460268 1849237 2044015 2140631 2239898 9615000 9355000 143907 304319 1502386 1550313 15251161 15493545 X 22516028 27196415 1073198 4767442 8738711 12002866 32327937 43966723 47579098 59460268 X 7965656 3673130 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18233695 58911 3841488 970700 21163394 16236623 1046916 1967206 1017050 18233695 21319664 235397 -4283438 1035000 16236623 0.58420 0.36540 0.05040 1 0 29100472 9018942 20081530 7922632 6592876 1329756 3254708 3254708 24665994 ACCRUED POST RETIREMENT COST 1550313 1550313 28157675 20192019 7965656 3320268 352862 3673130 11638786 29523520 3320268 -2024889 1295379 28228141 60821 -131287 -70466 28157675 17877547 100879 100879 17776668 60821 2354530 2415351 20192019 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED TO PROVIDE INCOME IN SUPPORT OF FACULTY SALARIES, SABBATICALS, PROFESSIONAL DEVELOPMENT AND RETIREMENT, ACADEMIC CHAIRPERSONS, FINANCIAL AID, COMMUNITY SERVICE, CURRICULUM ENRICHMENT, VISITING LECTURERS AND LIBRARY SERVICES. 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. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST ARRANGEMENTS 71,252. NET UNREALIZED GAINS- ALUMNAE ASSOCIATION 31,480. CHANGE IN BENEFICIAL INTEREST 250,130. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST ARRANGEMENTS 71,252. FINANCIAL AID (TUITION & FEES) -2,346,271. CHANGE IN BENEFICIAL INTERESTS 250,130. PART XII, LINE 4B - OTHER ADJUSTMENTS: PARENTS' COUNCIL DECREASE IN NET ASSETS LESS ADMIN EXPENSES -25,548. ALUMNAE ASSOCIATION - INVESTMENT INCOME 5,065. COST OF GOODS SOLD -100,879. ALUMNAE ASSOCIATION - INTRA-ORGANIZATION CONTRIBUTIONS -9,925. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 100,879. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID (TUITION & FEES) 2,346,271. ALUMNAE ASSOCIATION'S EXPENSES 2,808. PARENTS' COUNCIL ADMIN EXPENSES 5,451. 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 NEWSPAPERS EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES STATE ASSISTANCE FOR BOOKS. WINTERFEST 152105 9000 143105 60814 GOLF OUTING 35140 35140 30458 4 72447 72447 33968 259692 9000 250692 125240 125240 125452 1 FINANCIAL AID 153 2346271 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE SCHOOL IS COMMITTED TO HAVING A SOCIO-ECONOMICALLY, ETHNICALLY, RACIALLY AND RELIGIOUSLY DIVERSE STUDENT BODY. THE SCHOOL IS ALSO COMMITTED TO MAKING ITS EDUCATIONAL OPPORTUNITIES AVAILABLE TO BRIGHT, MOTIVATED AND TALENTED GIRLS REGARDLESS OF THEIR FAMILY'S ABILITY TO PAY. FINANCIAL AID DECISIONS ARE MADE ON THE BASIS OF DEMONSTRATED NEED AND THE AVAILABILITY OF FUNDS. EXPECTATIONS FOR FAMILIES: THE PRIME RESPONSIBILIY FOR FINANCING A STUDENT'S EDUCATION RESTS WITH HER FAMILY. BEFORE APPLYING FOR FINANCIAL AID, FAMILIES SHOULD ADJUST SPENDING PRIORITIES, REEVALUATING EXPENSES RELATED TO ENTERTAINMENT, VACATIONS, SPORTS AND CLUB MEMBERSHIPS AND OTHER NON-ESSENTIAL EXPENDITURES. BOTH PARENTS (INCLUDING CUSTODIAL AND NON-CUSTODIAL) MUST SUBMIT A PFS FORM TO SSS BY JANUARY 15TH. EARNINGS AND ASSETS OF STEPPARENTS MUST ALSO BE INCLUDED. BOTH PARENTS ARE ALSO REQUIRED TO SUBMIT TO THE DIRECTOR OF FINANCIAL AID THE MOST RECENT FORM 1040. FINANCIAL AID IS RECALCULATED EACH YEAR USING CURRENT INFORMATION. A FAMILY IS GUARANTEED THE SAME PERCENT AWARD AS ORIGINALLY OFFERED ASSUMING THEIR FINANCIAL PROFILE REMAINS THE SAME. EXPECTATIONS FOR THE FINANCIAL AID COMMITTEE: SHOULD A CURRENTLY ENROLLED FAMILY EXPERIENCE A CHANGE IN THEIR ECONOMIC CONDITION, THE COMMITTEE WILL EVALUATE THEIR CIRCUMSTANCES (USING THE PFS AND TAX RETURNS) AND OFFER ASSISTANCE FOR ONE YEAR. A LONG TERM COMMITMENT WILL BE CONSIDERED BUT NOT GUARANTEED. ADMINISTRATION WILL KEEP WATCH ON ANY SIGNIFICANT GROWTH IN SUCH SITUATIONS AND ITS IMPACT ON THE FINANCIAL AID BUDGET. SEE SCHEDULE O FOR CONTINUATION X X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DR MARY SEPPALA 287200 0 0 0 0 0 29990 0 8709 0 325899 0 0 0 KEVIN MCCULLOUGH 171988 0 0 0 0 0 17655 0 8014 0 197657 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS PROVIDED BENEFITS THAT RELATE TO BUSINESS TRAVEL AND FUNDRAISING ACTIVITIES. THE DISCRETIONARY ACCOUNT REIMBURSES THE HEAD OF SCHOOL FOR BUSINESS EXPENSES INCURRED PERSONALLY. THESE BUSINESS EXPENSES MAY RANGE FROM SUPPORT FOR ATHLETICS TO USING FUNDS TO ASSIST TEACHERS IN THE ATTENDANCE OF CONFERENCES. ALL EXPENSES ARE FULLY DOCUMENTED BY THE SCHOOL. PART I, LINE 4B THE HEAD OF SCHOOL, DR. MARY SEPPALA, PARTICIPATES IN A 457(F) PLAN. DURING THE CALENDAR YEAR ENDING DECEMBER 31, 2010 THE AMOUNT OF $15,570 WAS CONTRIBUTED TO THE PLAN. DELAWARE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 231997311 246018EE1 2003-10-01 11000000 SEE SCHEDULE O 0 0 0 1645000 11000000 186860 10813140 2004 0 0 1 1 0 1 1 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS INITIALLY REVIEWED BY THE CONTROLLER AND DIRECTOR OF FINANCE. ONCE INITIAL APPROVAL HAS OCCURRED, THE RETURN IS THEN PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. THE FULL BOARD OF DIRECTORS THEN RECEIVES THE RETURN FOR COMMENTS VIA THE ORGANIZATION'S SHAREPOINT WEBSITE. ONCE THE TWO WEEK COMMENTS PERIOD HAS ENDED, THE RETURN IS THEN FINALIZED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND EMPLOYEES ARE REQUIRED TO RE-EVALUATE AND DISCLOSE ANY CONFLICT OF INTERESTS ON AN ANNUAL BASIS. THE TRUSTEES' MANUAL INCLUDES A CODE OF ETHICS AND ALL BOARD MEMBERS, OFFICERS AND KEY EMPOYEES ARE REQUIRED TO SIGN THE BUSINESS CODE OF ETHICS POLICY ANNUALLY. BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ABSTAIN FROM ANY DECISIONS AND OR INVOLVEMENT IN TRANSACTIONS IN WHICH A CONFLICT OF INTEREST MAY BE PRESENT. THE BOARD AS A WHOLE, LED BY THE CHAIRMAN, MONITORS THE POLICY AND ANY POTENTIAL OR REAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES' COMPENSATION COMMITTEE REVIEWS COMPARATIVE STATISTICS IN ORDER TO DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL WITH THE ASSISTANCE OF AN INDEPENDENT CONSULTANT. SALARIES ARE BENCHMARKED WITH OTHER, SIMILAR ORGANIZATIONS TO ENSURE COMPENSATION IS WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. ALL SALARY DISCUSSIONS ARE DOCUMENTED IN BOARD MINUTES. THE HEAD OF SCHOOL REVIEWS AND APPROVES COMPENSATION FOR OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 3,320,268. CHANGE IN SPLIT-INTEREST ARRANGEMENTS 71,252. NET UNREALIZED GAINS- ALUMNAE ASSOCIATION 31,480. CHANGE IN BENEFICIAL INTEREST 250,130. TOTAL TO FORM 990, PART XI, LINE 5: 3,673,130. AUDIT OVERSIGHT: FORM 990, PART XI, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. SCHEDULE I, PART I, LINE 2 CONTINUATION: FINANCIAL AID DOLLARS WILL BE AWARDED WITHIN THE FOLLOWING RANGES: 45%-55% - UPPER SCHOOL 25%-35% - MIDDLE SCHOOL 15%-25% - LOWER SCHOOL THE FINANCIAL AID COMMITTEE WILL GIVE PREFERENCE TO FACULTY CHILDREN ONLY WHEN MAKING AWARDS; CONSIDERATION WILL BE GIVEN TO SIBLINGS AND CHILDREN OF ALUMNAE, WHICH MEANS THAT THE COMMITTEE MAY WEIGH IN FAVOR OF THESE TWO SUBSETS WHEN ALL ELSE IS EQUAL. THE FINANCIAL AID COMMITTEE WILL EXERCISE CAREFUL, DELIBERATE CONSIDERATION WHEN AWARDING FINANCIAL AID, USING THE DIVISIONAL GUIDELINES, AS A TOOL FOR ENROLLMENT MANAGEMENT. FINANCIAL AID IS AVAILABLE TO ALL GRADES; HOWEVER THERE WILL BE A LIMIT OF 50% GRANT IN PREK. A STUDENT'S FINANCIAL AID ALLOCATION WILL BE RECONSIDERED AT KINDERGARTEN AND EVALUATED BASED ON FULL TUITION COSTS. DESCRIPTION OF PURPOSE SCHEDULE K, PART I, LINE A, COLUMN F: FINANCING OR REFINANCING OF ALL OR ANY PORTION OF THE COSTS OF ACQUISITION, CONSTRUCTION, EQUIPPING AND IMPROVEMENT OF CAPITAL PROJECTS INCLUDING THE FINANCING OF THE COSTS OF ISSUANCE OF THE BONDS AND THE ESTABLISHMENT OF RESERVE FUNDS.