PHILLIPS EXETER ACADEMY: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- PHILLIPS EXETER ACADEMY (EIN 02-0222174)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-14
- IRS object ID
- 201241359349304754
- Schema version
- 2010v3.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-14T14:46:41-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PricewaterhouseCoopers LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 125 High Street | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 020222174 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHILLIPS EXETER ACADEMY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PHIL | NameControl |
| Phone | 6037724311 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 MAIN STREET | AddressLine1 |
| City | EXETER | City |
| State | NH | State |
| ZIP Code | 038332460 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHRISTOPHER V WEJCHERT | Name |
| Title | CFO | Title |
| Date Signed | 2010-04-27 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PRICEWATERHOUSECOOPERS LLP | Name |
| Phone | 6175305000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | THOMAS E HASSAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 MAIN STREET | AddressLine1 |
| City | EXETER | City |
| State | NH | State |
| ZIP Code | 038332460 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 392396718 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.EXETER.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1781 | YearFormation |
| State Legal Domicile | NH | StateLegalDomicile |
| Activity Or Mission Description | SEE SCHEDULE O. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1213 | TotalNbrEmployees |
| Total Nbr Volunteers | 3340 | TotalNbrVolunteers |
| Total Gross UBI | 1599971 | TotalGrossUBI |
| Contributions Grants Prior Year | 12735963 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 28177981 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 46184035 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 47684164 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 17096785 | InvestmentIncomePriorYear |
| Investment Income Current Year | 17149378 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1934297 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1460267 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 77951080 | TotalRevenuePriorYear |
| Total Revenue Current Year | 94471790 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 18328074 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 18776135 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 45011226 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 46730714 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 5137641 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 26417083 | OtherExpensePriorYear |
| Other Expenses Current Year | 32829540 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 89756383 | TotalExpensesPriorYear |
| Total Expenses Current Year | 98336389 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -11805303 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -3864599 | RevenuesLessExpensesCY |
| Total Assets BOY | 1179439142 | TotalAssetsBOY |
| Total Assets EOY | 1297006603 | TotalAssetsEOY |
| Total Liabilities BOY | 130250588 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 125513655 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1049188554 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1171492948 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SEE SCHEDULE O. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 79665857 | Expense |
| Grants | 17646891 | Grants |
| Revenue | 41456108 | Revenue |
| Description | SEE SCHEDULE O. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4968452 | Expense |
| Grants | 1129244 | Grants |
| Revenue | 5767243 | Revenue |
| Description | SEE SCHEDULE O. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1460588 | Expense |
| Revenue | 1355134 | Revenue |
| Description | AUXILIARY ENTERPRISES INCLUDE STUDENT GRILL AND GYMSTORE WHICH SERVE STUDENTS DURING BOTH SUMMER AND REGULAR SESSIONS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 86094897 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | true | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | true | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 616 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1213 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | HK | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 18 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BONNIE V OLZACK | NamePerson |
| Telephone Number | 6037773233 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 MAIN STREET | AddressLine1 |
| City | EXETER | City |
| State | NH | State |
| ZIP Code | 038332460 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (26 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| DAVID O BEIM | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| FLOBELLE BURDEN DAVIS | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MARC CHOPIN DE LA BRUYERE | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| WALTER DONOVAN | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| JONATHAN W GALASSI | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| ROBERT HO | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| DAVID R HORN | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| G THOMPSON HUTTON | ||||||||
| PRESIDENT/TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| ALLAN R JONES | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| SALLY JUTABHA MICHAELS | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| EUNICE JOHNSON PANETTA | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| WILLIAM K RAWSON | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| NINA D RUSSELL MD | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| ROBERT SILBERMAN | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| J DOUGLAS SMITH | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| REMY WHITE TRAFELET | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MORRISON D WEBB | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| THOMAS E HASSAN | ||||||||
| PRINCIPAL | 38.0 | X | 301510 | 0 | 121152 | X | ||
| CHRISTOPHER V WEJCHERT | ||||||||
| CFO (SINCE AUGUST 2010) | 38.0 | 93817 | 0 | 18934 | X | |||
| WILLIAM C DAVISON | ||||||||
| DIR MAJOR GIFTS/INST ADVANCEMT | 38.0 | 197122 | 0 | 38849 | X | |||
| EDWARD W PROBERT | ||||||||
| DIR INSTITUTIONAL ADVANCEMENT | 38.0 | 171814 | 0 | 69217 | X | |||
| JAY H MARTIN | ||||||||
| DIRECTOR - ITS | 38.0 | 146784 | 0 | 35099 | X | |||
| JULIE QUINN | ||||||||
| DIRECTOR - COMMUNICATIONS | 38.0 | 143091 | 0 | 25630 | X | |||
| JAMES M THEISEN | ||||||||
| DIR ALUMNI AFFAIRS & DEV | 38.0 | 253930 | 0 | 45580 | X | |||
| TYLER C TINGLEY | ||||||||
| FORMER PRINCIPAL | 38.0 | 300400 | 0 | 36004 | X | |||
| JOSEPH FELLOWS | ||||||||
| FORMER CHIEF FINANCIAL OFFICER | 38.0 | 111450 | 0 | 23056 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1719918 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 413521 | TotalOtherCompensation |
| Number Individuals GT100 K | 28 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| HARVEY CONSTRUCTION COMPANY | |||||
| 10 HARVEY ROAD | BEDFORD | NH | 03110 | CONTRACT SERVICES | 3267483 |
| SHAWMUT CONSTRUCTION | |||||
| 5 CAMBRIDGE CENTER | CAMBRIDGE | MA | 02142 | ARCHITECTURAL SVCS | 2377846 |
| HINTZ HOLMAN ROBILLARD | |||||
| 400 CONNELL DRIVE SUITE 5100 | BERKELEY HEIGHTS | NJ | 07922 | INVESTMENT MGMT | 1222807 |
| RIST-FROST SHUMWAY ENGINEERING | |||||
| 71 WATER STREET | LACONIA | NH | 03246 | ENGINEERING SERVICES | 781925 |
| BUILD-IT CONSTRUCTION | |||||
| PO BOX 1610 | SALEM | NH | 03079 | CONTRACT SERVICES | 546238 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 25 | NumberOfContractorsGT100K |
| All Other Contributions | 28177981 | AllOtherContributions |
| Noncash Contributions | 2455301 | NoncashContributions |
| Total Contributions | 28177981 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| STUDENT TUITION & FEES | 611710 | 41017474 | 41017474 |
| AUX. & SUMMER PROGRAMS | 611710 | 6477694 | 6477694 |
| APPLICATION FEES | 611710 | 112569 | 112569 |
| PROGRAMMATIC GOVERNMENT GRANTS | 611710 | 76427 | 76427 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 47684164 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4768729 | TotalRevenueColumn |
| Unrelated Business Revenue | 1407021 | UnrelatedBusinessRevenue |
| Exclusion | $3,361,708 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 601825 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 601825 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 601825 | TotalRevenueColumn |
| Related Or Exempt Function Income | 271624 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 192950 | UnrelatedBusinessRevenue |
| Exclusion | $137,251 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 308421350 | Securities |
| Other | 1503690 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 297544392 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 10876958 | Securities |
| Other | 1503690 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12380649 | TotalRevenueColumn |
| Exclusion | $12,380,649 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 616281 | GrossSalesOfInventory |
| Cost Of Goods Sold | 380536 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 235745 | TotalRevenueColumn |
| Exclusion | $235,745 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| INSURANCE PROCEEDS | 524126 | 373059 | 373059 |
| MISCELLANEOUS REVENUE | 611710 | 249638 | 249638 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 622697 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 94471790 | TotalRevenueColumn |
| Related Or Exempt Function Income | 48578485 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1599971 | UnrelatedBusinessRevenue |
| Exclusion | $16,115,353 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18776135 | Total |
| Program Services | 18776135 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 679947 | Total |
| Program Services | 255217 | ProgramServices |
| Management And General | 339658 | ManagementAndGeneral |
| Fundraising | 85072 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33265755 | Total |
| Program Services | 28308392 | ProgramServices |
| Management And General | 1929947 | ManagementAndGeneral |
| Fundraising | 3027416 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4017881 | Total |
| Program Services | 3483949 | ProgramServices |
| Management And General | 207865 | ManagementAndGeneral |
| Fundraising | 326067 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6370785 | Total |
| Program Services | 5660178 | ProgramServices |
| Management And General | 316376 | ManagementAndGeneral |
| Fundraising | 394231 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2396346 | Total |
| Program Services | 2039235 | ProgramServices |
| Management And General | 139027 | ManagementAndGeneral |
| Fundraising | 218084 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 242490 | Total |
| Management And General | 242490 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 228177 | Total |
| Management And General | 228177 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2297731 | Total |
| Management And General | 2297731 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1750594 | Total |
| Program Services | 1286301 | ProgramServices |
| Management And General | 236223 | ManagementAndGeneral |
| Fundraising | 228070 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 324618 | Total |
| Program Services | 303732 | ProgramServices |
| Management And General | 11103 | ManagementAndGeneral |
| Fundraising | 9783 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1641308 | Total |
| Program Services | 1342352 | ProgramServices |
| Management And General | 112620 | ManagementAndGeneral |
| Fundraising | 186336 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1134286 | Total |
| Program Services | 1006704 | ProgramServices |
| Management And General | 57540 | ManagementAndGeneral |
| Fundraising | 70042 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5827750 | Total |
| Program Services | 5600671 | ProgramServices |
| Management And General | 152621 | ManagementAndGeneral |
| Fundraising | 74458 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 879300 | Total |
| Program Services | 613198 | ProgramServices |
| Management And General | 20652 | ManagementAndGeneral |
| Fundraising | 245450 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 692777 | Total |
| Program Services | 565952 | ProgramServices |
| Management And General | 86386 | ManagementAndGeneral |
| Fundraising | 40439 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1968430 | Total |
| Program Services | 1896668 | ProgramServices |
| Management And General | 48240 | ManagementAndGeneral |
| Fundraising | 23522 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7227955 | Total |
| Program Services | 6946309 | ProgramServices |
| Management And General | 189328 | ManagementAndGeneral |
| Fundraising | 92318 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 795924 | Total |
| Program Services | 539841 | ProgramServices |
| Management And General | 224800 | ManagementAndGeneral |
| Fundraising | 31283 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| STUDENT RELATED EXPENSES | 2496964 | 2394677 | 102287 | |
| FOOD/PROVISIONS | 1621755 | 1621755 | ||
| PLANT RELATED ACTIVITIES | 3478411 | 3342873 | 91112 | 44426 |
| MISCELLANEOUS EXPENSES | 118090 | 53264 | 51047 | 13779 |
| MEMBERSHIP DUES | 102980 | 57494 | 18621 | 26865 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98336389 | Total |
| Program Services | 86094897 | ProgramServices |
| Management And General | 7103851 | ManagementAndGeneral |
| Fundraising | 5137641 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9339096 | BOY |
| EOY | 5704566 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 120293228 | BOY |
| EOY | 38737778 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49961606 | BOY |
| EOY | 43528377 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 322923 | BOY |
| EOY | 550817 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84123 | BOY |
| EOY | 65780 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 204812 | BOY |
| EOY | 55624 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 487684 | BOY |
| EOY | 477307 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2217685 | BOY |
| EOY | 2250277 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 283518842 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 98775331 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 176275436 | BOY |
| EOY | 184743511 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 116237125 | BOY |
| EOY | 166268523 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 654819261 | BOY |
| EOY | 799285829 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49196163 | BOY |
| EOY | 55338214 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1179439142 | BOY |
| EOY | 1297006603 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5054723 | BOY |
| EOY | 5129812 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14970214 | BOY |
| EOY | 17584268 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50000000 | BOY |
| EOY | 50000000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60225651 | BOY |
| EOY | 52799575 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 130250588 | BOY |
| EOY | 125513655 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 233605198 | BOY |
| EOY | 262431875 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 506881138 | BOY |
| EOY | 587208605 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 308702218 | BOY |
| EOY | 321852468 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1049188554 | BOY |
| EOY | 1171492948 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1179439142 | BOY |
| EOY | 1297006603 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -3864599 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 126168993 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $40,418 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 40418 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | LOBBYING ACTIVITIES | Identifier |
| Return Reference | SCHEDULE C, PART II-B, LINE 1I | ReturnReference |
| Explanation | PHILLIPS EXETER ACADEMY IS A MEMBER OF NAIS, NACUFS, ISANNE, NACUBO, CASE, THE NE AND AMERICAN ASSOCIATION OF SCHOOLS & COLLEGES, THE NATIONAL BUSINESS OFFICERS ASSOCIATION, ABOPS, AHISA, AISNE, APPA, INTERNATIONAL ASSOCIATION OF CHIEFS OF POLICE, SOCIETY FOR COLLEGES & UNIVERSITIES, A BETTER CHANCE, SSATB, NACAC, COLLEGE BOARD, NAFSA & NEDRA. THESE ORGANIZATIONS MAY USE A PORTION OF MEMBERSHIP DUES TO LOBBY ON BEHALF OF THEIR MEMBERS. TOTAL DUES PAID TO THESE ORGANIZATIONS FROM 7/1/10 TO 6/30/11 WAS $40,418. THE PORTION OF MEMBERSHIP DUES ALLOCATED TO LOBBYING ACTIVITIES BY THESE ORGANIZATIONS IS NOT DETERMINABLE. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 936598421 | BeginningOfYearBalance |
| Contributions | 12798975 | Contributions |
| Investment Earnings Or Losses | 137016912 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 14835919 | GrantsOrScholarships |
| Other Expenditures | 22350028 | OtherExpenditures |
| Administrative Expenses | 248352 | AdministrativeExpenses |
| End Of Year Balance | 1048980009 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 916995589 | BeginningOfYearBalance |
| Contributions | 3911704 | Contributions |
| Investment Earnings Or Losses | 55273508 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 14616377 | GrantsOrScholarships |
| Other Expenditures | 24731868 | OtherExpenditures |
| Administrative Expenses | 234135 | AdministrativeExpenses |
| End Of Year Balance | 936598421 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1101532186 | BeginningOfYearBalance |
| Contributions | 23008716 | Contributions |
| Investment Earnings Or Losses | -164670238 | InvestmentEarningsOrLosses |
| Other Expenditures | 42638649 | OtherExpenditures |
| Administrative Expenses | 236426 | AdministrativeExpenses |
| End Of Year Balance | 916995589 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.14000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.31000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.55000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | true | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | true | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2557694 | OtherCostOrOtherBasis |
| Book Value | 2557694 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 253300737 | OtherCostOrOtherBasis |
| Depreciation | 81438154 | Depreciation |
| Book Value | 171862583 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 20730633 | OtherCostOrOtherBasis |
| Depreciation | 17337177 | Depreciation |
| Book Value | 3393456 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6929778 | OtherCostOrOtherBasis |
| Book Value | 6929778 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 184743511 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| US EQUITIES | 9622937 | F |
| GLOBAL EX U.S. EQUITIES | 26186390 | F |
| ABSOLUTE RETURN & LONG /SHORT | 519158923 | F |
| PRIVATE EQUITY & REAL ASSETS | 236206207 | F |
| OTHER | 8111372 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 799285829 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ANNUITIES & DEFERRED GIVING AR | $29,778,906 |
| ASSET RETIREMENT OBLIGATION | $4,193,899 |
| BOND INTEREST RATE SWAP | $6,750,517 |
| FUNDS FOR STUDENT ORGANIZATION | $263,722 |
| PENSION & OTHER EMPLOYMENT RET | $11,812,531 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 52799575 | TotalOfAmounts |
| Total Revenue | 94471790 | TotalRevenue |
| Total Expenses | 98336389 | TotalExpenses |
| Excess Or Deficit For Year | -3864599 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 122266490 | NetUnrealizedGLOnInvestments |
| Other | $3,902,503 | OtherAmount |
| Total Adjustments | 126168993 | TotalAdjustments |
| Excess Or Deficit Per FS | 122304394 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 217384261 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 122266490 | NetUnrealizedGainsInvestments |
| Other Revenues | 1750963 | OtherRevenues |
| Revenue Not Rptd F990 | 124017453 | RevenueNotRptdF990 |
| Revenue Subtotal | 93366808 | RevenueSubtotal |
| Other Revenues Not Included | 1104982 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1104982 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 94471790 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 88099983 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -9482250 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -9482250 | ExpensesNotRptdF990 |
| Expenses Subtotal | 97582233 | ExpensesSubtotal |
| Other Expenses Not Included | 754156 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 754156 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 98336389 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SCHEDULE D - SUPPLEMENTAL INFORMATION | FORM 990, SCHEDULE D, PART III, LINE 1A | THE ACADEMY'S COLLECTIONS INCLUDE WORKS OF ART, LITERARY WORKS, HISTORICAL TREASURES, AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND FURTHERANCE OF PUBLIC SERVICE. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ACADEMY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION. |
| FORM 990, SCHEDULE D, PART III, LINE 4 | THE ACADEMY HAS BOOKS, PAINTINGS AND OTHER ITEMS WITH HISTORICAL SIGNIFICANCE THAT ARE HELD FOR STUDY AND OBSERVATION BY OUR STUDENTS AND FACULTY. THESE OBJECTS ARE PRESERVED SO THAT THEY MAY PROVIDE EDUCATIONAL EXPERIENCE TO FUTURE GENERATIONS OF STUDENTS AND ADULTS IN THE CAMPUS COMMUNITY. | |
| FORM 990, SCHEDULE D, PART V, LINE 4 | PHILLIPS EXETER ACADEMY'S ENDOWED FUNDS ARE INVESTED INTO PERPETUITY AND THE INCOME IS USED TO FUND ACADEMY PROGRAMS. THE FUNDS ARE INVESTED FOR LONG TERM GROWTH SO THAT CURRENT AND FUTURE GENERATIONS OF STUDENTS WILL RECEIVE BENEFIT FROM THE FUNDS. | |
| FORM 990, SCHEDULE D, PART X - FIN 48 | THE ACADEMY IS A TAX-EXEMPT ORGANIZATION ACCORDING TO THE INTERNAL REVENUE CODE SECTION 501(C)(3). THE ACADEMY FOLLOWS GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER THIS GUIDANCE, THE ACADEMY MAY RECOGNIZE ONLY THAT PORTION OF AN UNCERTAIN TAX POSITION THAT IS "MORE LIKELY THAN NOT" TO BE SUSTAINED UNDER EXAMINATION BY TAX AUTHORITIES. | |
| FORM 990, SCHEDULE D, PART XI, LINE 8 | OTHER CHANGES IN NET ASSETS: CHANGE IN VALUE IN FUNDS HELD FOR DEFERRED GIVING $3,310,442 PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST $4,434,433 INTEREST RATE SWAP ADJUSTMENT $2,656,612 OP/NONOP TRANSFERS ($6,985,891) MISCELLANEOUS $486,907 ---------------- TOTAL $3,902,503 | |
| FORM 990, SCHEDULE D, PART XII, LINE 2D | AMOUNTS INCLUDED ON LINE 1, BUT NOT FORM 990, PART VIII, LINE 12 | OTHER: INVESTMENT EXPENSES ($ 2,391,203) COST OF SALES NETTED AGAINST GROSS REVENUE $ 380,536 ASSET RETIREMENT OBLIGATION ADJUSTMENT $ 75,763 CHANGE IN VALUE IN FUNDS HELD FOR DEFERRED GIVING $ 3,310,442 PV ADJUSTMENTS FOR PHASED RETIREMENT PLAN $ 375,425 ----------- TOTAL $ 1,750,963 |
| FORM 990, SCHEDULE D, PART XII, LINE 4B | AMOUNTS INCLUDED ON PART VIII, LINE 12, BUT NOT ON LINE 1 | OTHER: SUMMER FINANCIAL AID NETTED AGAINST TUITION $ 1,104,982 |
| FORM 990, SCHEDULE D, PART XIII, LINE 2D | AMOUNTS INCLUDED ON LINE 1, BUT NOT ON FORM 990, PART IX, LINE 25 | PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST ($4,434,433) INTEREST RATE SWAP ADJUSTMENT ($2,656,612) INVESTMENT EXPENSES ($2,391,205) ------------- TOTAL ($9,482,250) |
| FORM 990, SCHEDULE D, PART XIII, LINE 4B | OTHER: COST OF SALES FOR AUX. ENTITIES $ (380,536) SUMMER FINANCIAL AID NETTED AGAINST TUITION $ 1,104,982 STUDENT LOAN, NET OF BAD DEBTS $ 29,710 ------------ TOTAL $ 754,156 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| RACIALLY NONDISCRIMINATORY POLICY | SCHEDULE E, PART I, LINE 3 | THE POLICY IS EXPLAINED TO ALL CANDIDATES UPON APPLYING TO THE ACADEMY AND TO GUIDANCE COUNSELORS OF SCHOOLS THROUGHOUT THE COUNTRY BY MEANS OF THE ACADEMY APPLICATION FORM AND WEBSITE. |
| FINANCIAL AID OR ASSISTANCE | SCHEDULE E, PART I, LINE 6A | PHILLIPS EXETER ACADEMY RECEIVES FEDERAL FUNDS THROUGH THE STATE OF NEW HAMPSHIRE DEPARTMENT OF EDUCATION, BUREAU OF NUTRITION FOR REIMBURSEMENTS FOR A PORTION OF OUR BREAKFAST AND LUNCH FOOD PROGRAM. IN 2011, THE ACADEMY RECEIVED USDA FOOD COMMODITIES AND $76,437 IN REIMBURSEMENTS. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (11 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | 0 | 5 | Program Services | STUDY PROGRAM | |
| East Asia and the Pacific | 0 | 0 | Program Services | STUDY PROGRAM | |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | STUDENT RECRUITING | |
| East Asia and the Pacific | 0 | 0 | Program Services | STUDENT RECRUITING | |
| Middle East and North Africa | 0 | 0 | Program Services | STUDENT RECRUITING | |
| North America | 0 | 0 | Program Services | STUDENT RECRUITING | |
| Russia and the Newly Independent States | 0 | 0 | Program Services | STUDENT RECRUITING | |
| Europe (Including Iceland and Greenland) | 0 | 0 | Fundraising | ||
| East Asia and the Pacific | 0 | 0 | Fundraising | ||
| Europe (Including Iceland and Greenland) | 0 | 0 | Investments | 15350115 | |
| Central America and the Caribbean | 0 | 0 | Investments | 235849195 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 5 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 5 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 251199310 | SubtotalAmountSpent |
| Total Amount Spent | 251199310 | TotalAmountSpent |
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | true | InterestInForeignTrust |
| Own Foreign Corp | true | OwnForeignCorp |
| Passive Foreign Invest Co | true | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE F, PART I, LINE 3, COLUMN (F) | Identifier |
| Explanation | THE ACADEMY DOES NOT CURRENTLY TRACK FOREIGN EXPENDITURES FOR EACH PROGRAM SEPARATELY. THEREFORE, PURSUANT TO IRS GUIDANCE, DISCLOSURE IN THIS COLUMN IS NOT REQUIRED IN THE CURRENT YEAR. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (4 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|---|---|---|
| REGULAR SESSION SCHOLARSHIP | 534 | 16751930 | FMV | TUITION/FEES ASSIST. | |
| REGULAR SESSION OTHER AID | 534 | 828513 | FMV | OTHER FIN. ASSIST. | 66448 |
| SUMMER PROGRAM SCHOLARSHIPS | 248 | 1121982 | FMV | TUITION/FEES ASSIST. | |
| SUMMER PROGRAM - OTHER AID | 46 | 7262 | FMV | OTHER FINANCIAL ASST |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | MONITORING GRANT FUNDS | Identifier |
| Return Reference | SCHEDULE I, PART I, LINE 2 | ReturnReference |
| Explanation | SCHOLARSHIPS AND MOST FINANCIAL ASSISTANCE CREDITS ARE NON CASH AND ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS AT THE ACADEMY. ON OCCASION FINANCIAL AID STUDENTS ARE REIMBURSED FOR NECESSARY EXPENSES SUCH AS TRANSPORTATION OR THE COST OF COMPUTER EQUIPMENT. DOCUMENTATION EVIDENCING PAYMENT BY THE STUDENT IS REQUIRED BEFORE DISBURSEMENT OF CASH AID IS MADE. PHILLIPS EXETER ACADEMY MAINTAINS EXTENSIVE RECORDS TO JUSTIFY BOTH AWARDS AND THE FINANCIAL NEED ELIGIBILITY OF THE RECIPIENTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM C DAVISON | |||||||||||||
| 196264 | 0 | 0 | 0 | 858 | 0 | 23934 | 0 | 14915 | 0 | 235971 | 0 | 0 | 0 |
| EDWARD W PROBERT | |||||||||||||
| 171124 | 0 | 0 | 0 | 690 | 0 | 19664 | 0 | 49553 | 0 | 241031 | 0 | 0 | 0 |
| THOMAS E HASSAN | |||||||||||||
| 300382 | 0 | 0 | 0 | 1128 | 0 | 29400 | 0 | 91752 | 0 | 422662 | 0 | 0 | 0 |
| JAY H MARTIN | |||||||||||||
| 145926 | 0 | 0 | 0 | 858 | 0 | 18135 | 0 | 16964 | 0 | 181883 | 0 | 0 | 0 |
| JULIE QUINN | |||||||||||||
| 141573 | 0 | 0 | 0 | 1518 | 0 | 17139 | 0 | 8491 | 0 | 168721 | 0 | 0 | 0 |
| TYLER C TINGLEY | |||||||||||||
| 0 | 0 | 0 | 0 | 300400 | 0 | 25694 | 0 | 10310 | 0 | 336404 | 0 | 300400 | 0 |
| JOSEPH FELLOWS | |||||||||||||
| 108867 | 0 | 0 | 0 | 2583 | 0 | 13596 | 0 | 9460 | 0 | 134506 | 0 | 0 | 0 |
| JAMES M THEISEN | |||||||||||||
| 250359 | 0 | 0 | 0 | 3571 | 0 | 29400 | 0 | 16180 | 0 | 299510 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| COMPENSATION INFORMATION | SCHEDULE J, PART I, LINE 1 | THE PRINCIPAL OF THE SCHOOL MAY, ON OCCASION, WHILE TRAVELING, BE ACCOMPANIED BY HIS SPOUSE FOR BUSINESS PURPOSES. THE PRINCIPAL IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, TO PARTICIPATE IN ACTIVITIES WITH THE STUDENTS AND TO CONDUCT BUSINESS OUTSIDE NORMAL BUSINESS HOURS. |
| SCHEDULE J, PART I, LINE 4A | IN CONNECTION WITH HIS VACATING THE OFFICE OF PRINCIPAL EFFECTIVE JUNE 30, 2009, TYLER TINGLEY BECAME ELIGIBLE FOR A TERMINAL SABBATICAL. UNDER THE TERMS OF THE SABBATICAL, HE RECEIVED CERTAIN PAYMENTS DURING THE PERIOD JULY 1, 2009 THROUGH JUNE 30, 2010. A PORTION OF THESE PAYMENTS TOTALING $214,115 WERE PAID IN 2010 AND ARE REFLECTED IN COLUMN (B)(III). THESE PAYMENTS WERE PREVIOUSLY DISCLOSED ON FORM 990 AND HAVE BEEN INCLUDED IN COLUMN (F). FORMER PRINCIPAL TINGLEY IS ALSO ELIGIBLE FOR CERTAIN ADDITIONAL PAYMENTS AND BENEFITS IN CONNECTION WITH HIS SABBATICAL WHICH ARE REFLECTED IN COLUMNS (B)(III), (C) AND (D). | |
| SCHEDULE J, PART I, LINE 4B | FORMER PRINCIPAL TINGLEY PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AS DESCRIBED IN IRC SECTION 457(F). EARNINGS ON THIS PLAN WERE PAID TO MR. TINGLEY IN JANUARY 2010. THIS AMOUNT IS REPORTED IN COLUMN B (III). THIS AMOUNT WAS PREVIOUSLY DISCLOSED ON FORM 990 AND HAS BEEN INCLUDED IN COLUMN (F). |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NH HEALTH & EDUCATION FACILITIES AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 020279866 | IssuerEIN |
| CUSIP Number | 644614SZ3 | CUSIPNumber |
| Date Issued | 2007-09-19 | DateIssued |
| Issue Price | 50000000 | IssuePrice |
| Description Of Purpose | CAPITAL CONSTRUCTION PROJECTS/REFU | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 50322058 | TotalProceeds |
| Issuance Costs From Proceeds | 336409 | IssuanceCostsFromProceeds |
| Capital Expenditures | 24946437 | CapitalExpenditures |
| Other Spent Proceeds | 25039212 | OtherSpentProceeds |
| Year Of Subst Completion | 2008 | YearOfSubstCompletion |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | true | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00522 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00522 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | true | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BNY MELLON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 34.25 | TermOfHedge |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | true | ExceptionToRebate |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SEE SCHEDULE O. | Identifier |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JAMES M THEISEN | NamePerson |
| Purpose Of Loan | HOME MORTGAGE LOAN | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $250,000 | OriginalPrincipalAmount |
| Balance Due | 65780 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 65780 | TotalBalanceDue |
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Of Grant | 31135 | AmountOfGrant |
| Type Of Assistance | TUIT. REMISSION | TypeOfAssistance |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | N/A | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 213 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2455301 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | HOTEL RECEPTION | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | N/A | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE M, PART I, LINE 33 | Identifier |
| Explanation | THE ACADEMY DOES NOT RECOGNIZE REVENUES FOR GIFTS IN KIND OF THE TYPES LISTED IN PART I OF SCHEDULE M. IN 2011, THE ACADEMY RECEIVED GIFTS OF BOOKS AND A HOTEL RECEPTION IN KOREA. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| MISSION STATEMENT | FORM 990, PART I, LINE 1 AND PART III, LINE 1 | PHILLIPS EXETER ACADEMY, AN INDEPENDENT SECONDARY SCHOOL, CONTINUES THE COMMITMENT TO UNITE GOODNESS AND KNOWLEDGE. WITH A TOTAL ENROLLMENT OF MORE THAN 1,000 STUDENTS APPROXIMATELY 80 PERCENT OF WHOM ARE BOARDERS AND 20 PERCENT OF WHOM ARE DAY STUDENTS, THE SCHOOL SEEKS YOUNG PEOPLE WHO COMBINE PROVEN ACADEMIC ABILITY, INTELLECTUAL CURIOSITY, AND TENACITY WITH DECENCY AND GOOD CHARACTER. AT THE ACADEMY, EXACTING INQUIRY AND THOUGHTFUL DISCOURSE FOSTER THE LIFE OF THE MIND; INSTRUCTION AND ACTIVITY PROMOTE FITNESS AND HEALTH, AND THE DAILY INTERACTIONS OF A RESIDENTIAL SCHOOL NURTURE INTEGRITY, EMPATHY, AND KINDNESS. BECAUSE LEARNING AND GROWTH AT EXETER ARISE FROM EACH INDIVIDUAL'S ENGAGEMENT WITH OTHERS, THE RICHNESS OF EDUCATION REQUIRES DIVERSITY IN ALL ITS DIMENSIONS; STUDENTS AND FACULTY VALUE THE DIFFERENCES THEY BRING TO THE COMMUNITY THEY SHARE. THE CHALLENGES THAT STUDENTS MEET AT EXETER AND THE SUPPORT THEY RECEIVE HAVE A COMMON PURPOSE: TO STIMULATE THEIR DEVELOPMENT AS INDIVIDUALS AND AS MEMBERS OF SOCIETY. EXETER SEEKS TO GRADUATE YOUNG PEOPLE WHOSE CREATIVITY AND INDEPENDENCE OF THOUGHT SUSTAIN THEIR CONTINUING INQUIRY AND REFLECTION, WHOSE INTEREST IN OTHERS AND THE WORLD AROUND THEM SURPASSES THEIR SELF-CONCERN, AND WHOSE PASSION FOR LEARNING IMPELS THEM BEYOND WHAT THEY ALREADY KNOW. |
| PROGRAM SERVICE ACCOMPLISHMENTS | FORM 990, PART III, LINE 4A | PHILLIP EXETER ACADEMY'S PRIMARY PROGRAM SERVICE IS THE EDUCATION OF STUDENTS IN GRADES 9 THROUGH 12, IN A FULLY RESIDENTIAL BOARDING SCHOOL ENVIRONMENT. ENROLLMENT FOR 2010-2011 WAS 1,062. THE FOUNDATION OF EXETER'S REGULAR SESSION CURRICULUM CONTINUES TO BE THE TEACHING METHOD MADE POSSIBLE IN 1931 BY THE GENEROSITY OF EDWARD HARKNESS: DISCUSSION IN SMALL CLASSES MEETING AROUND SEMINAR TABLES WHERE MAXIMUM STUDENT INVOLVEMENT AND INTERCHANGE ARE BOTH ENCOURAGED AND REQUIRED. SINCE 1931, THIS PROCESS HAS CONTINUED WHILE THE CONTENT OF THE CURRICULUM HAS UNDERGONE SEVERAL REVISIONS AS EXETER HAS SOUGHT TO BLEND ITS RESPECT FOR TRADITION WITH ITS COMMITMENT TO EDUCATE YOUNG PEOPLE FOR A RAPIDLY CHANGING WORLD. THE CURRENT CURRICULUM IS BASED ON TWO FUNDAMENTAL ASSUMPTIONS ABOUT AN EXETER EDUCATION. FIRST, DUE TO INCREASING SPECIALIZATION AT THE COLLEGE LEVEL, EXETER VIEWS ITS CHARGE AS PROVIDING STUDENTS WITH A BROAD, LIBERAL ARTS PROGRAM. SECOND, THE ACADEMY BELIEVES THE PROCESS OF EDUCATION IS AS IMPORTANT AS ITS CONTENT. FACULTY EMPHASIZE NOT MERELY WHAT THEY WANT STUDENTS TO KNOW, BUT ALSO WHAT SORTS OF INDIVIDUALS THEY WANT THEM TO BECOME: YOUNG PEOPLE WHOSE PASSION FOR LEARNING EXCEEDS WHAT THEY ALREADY KNOW AND WHOSE INTEREST IN OTHERS AND IN THE WORLD SURPASSES THEIR SELF-CONCERN. EXETER'S SCHOOL YEAR CONSISTS OF THREE TERMS, WHICH ALLOWS EXPANDED ELECTIVE CHOICES ACROSS A RANGE OF DISCIPLINES TO BE COMBINED WITH A FOCUS ON DEPTH OF STUDY IN ADVANCED COURSES IN EACH DEPARTMENT. STUDENTS NORMALLY ENROLL IN FIVE COURSES AND PARTICIPATE IN A SPORT EACH TERM. PHILLIPS EXETER ACADEMY'S SUMMER SCHOOL: EVERY SUMMER PHILLIPS EXETER ACADEMY'S SUMMER SCHOOL WHICH HAS BEEN IN OPERATION SINCE 1961 WELCOMES TO CAMPUS SOME 700 STUDENTS FOR FIVE WEEKS OF ACADEMIC STUDY, ATHLETICS, AND EXPLORATION THAT CARRY PARTICIPANTS FAR BEYOND THE CLASSROOMS AND THE PLAYING FIELDS. TYPICALLY, STUDENTS COME TO US FROM MORE THAN 40 STATES, PUERTO RICO, WASHINGTON, D.C., AND SEVERAL DOZEN FOREIGN NATIONS. SUMMER TEACHERS' CONFERENCES: ONE-WEEK CONFERENCES ARE FOR SECONDARY TEACHERS. THE MATH, SCIENCE AND TECNOLOGY CONFERENCE FEATURES SPEAKERS FROM THE U.S. AND THE U.K. THE CONFERENCE CAN COUNT TOWARDS GRADUATE CREDIT OR PROFESSIONAL DEVELOPMENT. THE CONFERENCE EXPLORES THE MATHEMATICS AND SCIENCE CURRICULA OF TODAY AND TOMORROW WITH SPECIAL FOCUS ON THE IMPACT OF TECHNOLOGY AND ITS APPLICATION IN THE CLASSROOM. THE ASTRONOMY CONFERENCE ALLOWS TEACHERS TO SHARE THEIR EXPERIENCES AS ASTRONOMY EDUCATORS, GENERATE LONG-TERM COLLABORATIONS, AND LEARN ABOUT CHANGES TO THE SCIENCE OF ASTRONOMY AND TO ASTRONOMY EDUCATION. THE HUMANITIES INSTITUTE IS FOR SECONDARY SCHOOL ENGLISH AND HISTORY TEACHERS. IT IS DESIGNED TO EXPLORE THE USE OF STUDENT-CENTERED, DISCUSSION-BASED EDUCATION THAT IS LOOSELY DESCRIBED AS THE "HARKNESS METHOD" OF TEACHING. THE WRITERS' WORKSHOP PROVIDES A PROFESSIONAL DEVELOPMENT EXPERIENCE WHILE SIMULTANEOUSLY INDULGING EACH TEACHER'S CREATIVE WRITING IMPULSE. THE EXETER MATHEMATICS INSTITUTE (EMI) IS AN INTENSIVE, HANDS-ON, ONSITE PROFESSIONAL DEVELOPMENT PROGRAM FOR PUBLIC MIDDLE AND SECONDARY SCHOOL MATHEMATICS TEACHERS. RUN BY PHILLIPS EXETER ACADEMY'S MATHEMATICS DEPARTMENT, EMI CONSISTS OF LOCAL ONE-WEEK WORKSHOPS OFFERED DURING THE SUMMER IN FIVE TO SIX DIFFERENT AMERICAN SCHOOL DISTRICTS. |
| GOVERNING BODY AND MANAGEMENT | FORM 990, PART V, SECTION A, LINE 7A | THE GENERAL ALUMNI/AE ASSOCIATION (GAA) BOARD OF DIRECTORS CONSISTS OF 15 REGULAR MEMBERS. THEY ELECT FOUR OFFICERS: PRESIDENT, TWO VICE-PRESIDENTS AND A SECRETARY. THE PRESIDENT AND TWO VICE-PRESIDENTS SERVE WITH THE ACADEMY'S BOARD OF TRUSTEES FOR THEIR TERMS AS GAA OFFICERS WHICH CAN BE A PERIOD FROM 1-6 YEARS. |
| FORM 990 REVIEW PROCESS | FORM 990, PART VI, SECTION B, LINE 11 | ONCE PHILLIPS EXETER'S FORM 990 IS COMPLETED, IT IS FIRST REVIEWED BY PHILLIPS EXETER ACADEMY'S INTERNAL MANAGEMENT. FOLLOWING THAT REVIEW, PEA'S INTERNAL MANAGEMENT AND OUTSIDE ADVISORS PRESENT THE FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW AND COMMENT. THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO THE FORM BEING FILED WITH THE IRS. |
| CONFLICT OF INTEREST POLICY | FORM 990, PART VI, SECTION B, LINE 12A | PHILLIPS EXETER ACADEMY MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY REQUIRING DISCLOSURE OF RELEVANT FACTS THAT GIVE RISE TO A POTENTIAL CONFLICT OF INTEREST. ANNUALLY, TRUSTEES, MEMBERS OF THE INVESTMENT COMMITTEE, ADMINISTRATORS, AND STAFF WITH PURCHASING RESPONSIBILITIES ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT THEY HAVE READ, UNDERSTAND AND SIGN A CONFLICT OF INTEREST. ADDITIONALLY, EACH TRUSTEE, OFFICER AND/OR KEY EMPLOYEE IS PROVIDED WITH A QUESTIONNAIRE REQUIRING DISCLOSURE OF ANY CONFLICTS OF INTEREST. |
| PROCESS FOR DETERMINING COMPENSATION | FORM 990, PART VI, SECTION B, LINE 15 | PHILLIPS EXETER ACADEMY MAINTAINS AN EXECUTIVE COMPENSATION PHILOSOPHY INTENDED TO COMPLY WITH IRC 4958 INTERMEDIATE SANCTIONS THAT REQUIRES PERIODIC REVIEW OF PEER INSTITUTIONS FOR COMPENSATION COMPARISONS AMONG EXECUTIVES DEEMED "DISQUALIFIED PERSONS." THE BOARD OF TRUSTEES APPROVES THEIR SALARIES ANNUALLY AND DOCUMENTS THEIR DETERMINATIONS IN MEETING MINUTES. OTHER EXECUTIVE COMPENSATION IS BASED ON A REVIEW OF PEER SCHOOLS USING ABOPS AND OTHER SALARY SURVEY DATA AND IS APPROVED BY THE ADMINISTRATION. |
| DISCLOSURE | FORM 990, PART VI, SECTION C, LINE 19 | PHILLIPS EXETER ACADEMY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| RECONCILIATION OF CHANGE IN NET ASSETS | FORM 990, PART XI, LINE 5 | NET UNREALIZED GAIN ON INVESTMENTS $122,266,490 CHANGE IN VALUE IN FUNDS HELD FOR DEFERRED GIVING $3,310,442 PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST $4,434,433 INTEREST RATE SWAP ADJUSTMENT $2,656,612 OP/NONOP TRANSFERS ($6,985,891) MISCELLANEOUS $486,907 ---------------- TOTAL $126,168,993 |
| SCHEDULE K, PART II, LINE 3 | INCLUDES INTEREST EARNED OF $322,058. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg | Public Charity StatusPublicCharityStatus |
|---|---|---|---|---|---|---|---|---|---|---|
| PEA RETIREE HEALTH CARE PLAN | ||||||||||
| 20 MAIN STREET | EXETER | NH | 03833 | 020489993 | VEBA | NH | 501(C)(9) | PEA | true | |
| HEINZ EXETER SCHOLARSHIP FUND | ||||||||||
| PO BOX 185 | PITTSBURG | PA | 15201 | 251482044 | SCHOLARSHIP | PA | 501(C)(3) | NA | false | PF |
| MSSC TRUST FBO PHILLIPS EXETER ACADEMY | ||||||||||
| PO BOX 748 | SULLIVANS ISLAND | SC | 29482 | 576114852 | SCHOLARSHIP | SC | 501(C)(3) | NA | false | 11D, III-O |
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Type Of EntityTypeOfEntity |
|---|---|---|
| POOLED INCOME FUND (2) | ||
| FUNDRAISING | NH | T |
| CHARITABLE REMAINDER TRUST (91) | ||
| FUNDRAISING | T | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| MSSC TRUST FBO PHILLIPS EXETER ACADEMY | ||
| C | 101850 | FMV |
| PEA RETIREMENT HEALTH CARE PLAN | ||
| P | 953618 | FMV |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART IV, LINE (2), COLUMN (C) | Identifier |
| Explanation | CA, DE, FL, IA, IL, IRELAND, MA, MN, NC, NH, NJ, NY, OH, PA, RI, TX, VA, VT, WI | Explanation |
Comments