2011-05-16T14:40:59-05:00 2010-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2009-07-01 020222174 Phillips Exeter Academy PHIL 6037724311 20 Main Street Exeter NH 038332460 CHRISTOPHER V WEJCHERT 2011-05-12 6175305000 2011-05-07 2009 2016-02-24 21:20:13Z THOMAS E HASSAN 20 MAIN STREET EXETER NH 038332460 536929147 false X www.exeter.edu X 1781 NH SEE SCHEDULE O. 19 18 1227 2215 -3200987 -3475225 11967067 12735963 44327713 46184035 -26404537 17096785 1087483 1934297 30977726 77951080 18837267 18328074 0 0 45470474 45011226 0 0 5542438 29505742 26417083 93813483 89756383 -62835757 -11805303 1207792676 1179439142 180920244 130250588 1026872432 1049188554 SEE SCHEDULE O. false false 74191760 17202965 40831817 SEE SCHEDULE O. 4101541 1125109 5741662 SEE SCHEDULE O. 1367475 0 892617 Auxiliary Enterprises include student grill and Gymstore which serve students during both summer and regular sessions. 79660776 true true false true false false true false true true true false true false true false false false false false false false true true true false false false false false true false false false false true true false false false true true true false true 570 0 true 1227 true true true true HK false false false false true 1 false false 19 18 false false false false false false false true true false false true true true true true true true true false NH X X KATHLEEN M TAYLOR 6037773634 20 MAIN STREET EXETER NH 038332460 DAVID O BEIM 2.0 X 0 0 0 LEIGH A BONNEY 2.0 X 0 0 0 JOHN R ETTINGER 2.0 X 0 0 0 MARC CHOPIN DE LA BRUYERE 2.0 X 0 0 0 J DOUGLAS SMITH 2.0 X 0 0 0 ROBERT A HO 2.0 X 0 0 0 G THOMPSON HUTTON 2.0 X 0 0 0 ALAN R JONES 2.0 X 0 0 0 NINA D RUSSELL MD 2.0 X 0 0 0 EUNICE JOHNSON PANETTA 2.0 X 0 0 0 WILLIAM K RAWSON 2.0 X 0 0 0 FLOBELLE BURDEN DAVIS 2.0 X 0 0 0 JOHN A DOWNER 2.0 X 0 0 0 MONICA J SHELTON REUSCH 2.0 X 0 0 0 REMY WHITE TRAFELET 2.0 X 0 0 0 JONATHAN W GALASSI 2.0 X 0 0 0 SALLY JUTABHA MICHAELS 2.0 X 0 0 0 ROBERT S SILBERMAN 2.0 X 0 0 0 THOMAS E HASSAN 38.0 X X 224371 0 115868 JOSEPH E FELLOWS 38.0 X 232124 0 49547 JAMES M THEISEN 38.0 X 250124 0 46018 WILLIAM C DAVISON 38.0 X 193914 0 39020 EDWARD W PROBERT 38.0 X 183767 0 71029 JAY H MARTIN 38.0 X 144372 0 36041 ROGER F WAKEMAN 38.0 X 142189 0 77601 TYLER C TINGLEY 38.0 X 700443 0 64810 2071304 0 499934 28 true true false HARVEY CONSTRUCTION CONTRACTORS 10 HARVEY ROAD BEDFORD NH 03110 CONTRACT SERVICES 1122900 Rist-Frost-Shumway Engineering 71 Water Street LACONIA NH 03246 Engineering Serv. 778566 LINDSAY GOLDBERG 630 5TH AVE 30TH FLOOR NEW YORK NY 10111 INVESTMENT MGMT 247272 Hintz Holman Robillard 400 Connell Dr Suite 5100 BERKELEY HEIGHTS NJ 07922 INVESTMENT MGMT 864352 ARC 5 Cambridge Center CAMBRIDGE MA 02142 Architectural Serv. 593453 25 12735963 1727001 12735963 STUDENT TUITION AND FEES 611710 39681208 39681208 AUX. & SUMMER PROGRAMS 611710 6435495 6435495 PROGRAMMATIC GOVERNMENT GRANTS 611710 67332 67332 46184035 3694541 3694541 0 0 467673 467673 467673 198784 268889 474887253 -2896107 458088902 500000 16798351 -3396107 13402244 -3469876 16872120 0 0 647445 389165 258280 258280 APPLICATION FEES 611710 132975 132975 BOOKSTORE COMMISSIONS 611710 125067 125067 INSURANCE PROCEEDS 524126 882764 882764 67538 67538 1208344 77951080 47466096 -3200987 20950008 0 0 18328074 18328074 0 0 0 0 651705 230983 343728 76994 0 0 0 0 32274803 27474158 1614772 3185873 3999023 3476348 170004 352671 5796018 4934735 301718 559565 2289677 1954773 108930 225974 0 0 0 0 294814 0 294814 0 185607 0 185607 0 0 0 0 0 0 0 234135 0 234135 0 1549792 1150317 208320 191155 388815 323463 5733 59619 1649235 1364850 120992 163393 724535 629233 47754 47548 0 0 0 0 5521643 5348921 104673 68049 744903 485320 16173 243410 0 0 0 0 751953 417102 148659 186192 1971985 1912012 36351 23622 0 0 0 0 6876570 6651982 136128 88460 550876 269389 253068 28419 STUDENT RELATED EXPENSES 2408433 2284135 105585 18713 FOOD/PROVISIONS 1498105 1498105 0 0 PLANT RELATED ACTIVITIES 945218 914347 18712 12159 MISCELLANEOUS EXPENSES 120464 12529 97313 10622 89756383 79660776 4553169 5542438 10979741 9339096 55254410 120293228 69655775 49961606 333714 322923 101950 84123 388846 204812 515294 487684 3061423 2217685 267822812 91547376 170060110 176275436 261222455 116237125 602318140 654819261 33900818 49196163 1207792676 1179439142 20133917 5054723 19125966 14970214 50000000 50000000 91660361 60225651 180920244 130250588 X 269465464 233605198 456068548 506881138 301338420 308702218 1026872432 1049188554 1207792676 1179439142 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 82917 82917 LOBBYING ACTIVITIES SCHEDULE C, PART II-B, LINE 1I PHILLIPS EXETER ACADEMY IS A MEMBER OF NAIS, AISNE, NACUFS, ISANNE, NACUBO, CASE, THE NE AND AMERICAN ASSOCIATION OF SCHOOLS & COLLEGES, THE NATIONAL BUSINESS OFFICERS ASSOCIATION, AHISA, APPA, INTERNATIONAL ASSOCIATION OF CHIEFS OF POLICE, SOCIETY FOR COLLEGES & UNIVERSITIES, A BETTER CHANCE, SSATB, NACAC, COLLEGE BOARD, NAFSA, AMERICAN PR ASSOCIATION, COUNCIL FOR SPIRITUAL & ETHICAL EDUCATION, ABOPS, WOMEN IN DEVELOPMENT & NEDRA WHICH MAY USE A PORTION OF MEMBERSHIP DUES TO LOBBY ON BEHALF OF ITS MEMBERS. TOTAL DUES PAID TO THESE ORGANIZATIONS FROM 7/1/09 TO 6/30/10 WAS $82,917. THE PORTION OF MEMBERSHIP DUES ALLOCATED TO LOBBYING ACTIVITIES BY THESE ORGANIZATIONS IS NOT DETERMINABLE. X X X true 916995589 3911704 55273508 14616377 24731868 234135 936598421 1101532186 23008716 -164670238 42638649 236426 916995589 0.19000 0.71000 0.10000 true false 2557694 2557694 233033414 75140977 157892437 19467005 16406399 3060606 12764699 12764699 176275436 US EQUITIES 13785846 F GLOBAL EX U.S. EQUITIES 17872130 F ABSOLUTE RETURN & LONG /SHORT 453113148 F PRIVATE EQUITY & REAL ASSETS 161292950 F OTHER 8755187 F 654819261 0 ANNUITIES & DEFERRED GIVING AR 29366954 ASSET RETIREMENT OBLIGATION 4269662 BOND INTEREST RATE SWAP 9407128 FUNDS FOR STUDENT ORGANIZATION 234137 PENSION AND OTHER EMPLOYMENT RELATED 16947770 60225651 77951080 89756383 -11805303 38750761 -4629343 34121418 22316115 117969807 38750761 2863742 41614503 76355304 234135 1361641 1595776 77951080 95653691 7003919 7003919 88649772 234135 872476 1106611 89756383 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. THE ADOPTION OF FIN 48 HAS HAD NO IMPACT ON THE ACADEMY'S FINANCIAL STATEMENTS AS NO UNCERTAIN TAX POSITIONS HAVE BEEN IDENTIFIED. FORM 990, SCHEDULE D, Part XI, Line 8 Other changes in Net Assets: Change in value in funds held for deferred giving $ 2,273,340 Pension related charges other than net periodic pension cost $(3,266,791) Interest rate swap adjustment $(3,737,128) Gain on sale of painting $ (100,000) MISCELLANEOUS $ 201,236 TOTAL $(4,629,343) FORM 990, SCHEDULE D, Part XII, Line 2d COST OF SALES NETTED AGAINST GROSS REVENUE $ 389,165 ASSET RETIREMENT OBLIGATIONS ADJUSTMENT $ (63,584) Change in value in funds held for deferred giving $ 2,273,340 PV adjustments for phased retirement plan $ 264,821 TOTAL $ 2,863,742 FORM 990, SCHEDULE D, Part XII, Line 4B Summer Financial Aid netted against tuition $ 1,053,461 OTHER FEES NETTED AGAINST INVESTMENT INCOME $ 208,180 Gain on sale of painting $ 100,000 Total $ 1,361,641 FORM 990, SCHEDULE D, Part XIII, Line 2D Pension related charges other than net periodic pension cost $ 3,266,791 Interest rate swap adjustment $ 3,737,128 TOTAL $ 7,003,919 FORM 990, SCHEDULE D, Part XIII, Line 4B Cost of Sales NETTED AGAINST GROSS REVENUE $ (389,165) Summer Financial Aid netted against tuition $ 1,053,461 OTHER FEES NETTED AGAINST INVESTMENT INCOME $ 208,180 Total $ 872,476 true true true 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. true true true true false false false false false false false false true false 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 2010 WE RECEIVED USDA FOOD COMMODITIES AND $67,332 IN REIMBURSEMENTS. true Central America and the Caribbean 0 0 Program Services Study Program North America 0 0 Program Services STUDY PROGRAM Europe (Including Iceland and Greenland) 0 0 Program Services STUDY PROGRAM East Asia and the Pacific 0 0 Program Services STUDY PROGRAM North America 0 0 Program Services STUDENT RECRUITING 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 South America 0 0 Program Services STUDENT RECRUITING Europe (Including Iceland and Greenland) 0 0 Fundraising East Asia and the Pacific 0 0 Fundraising North America 0 0 Fundraising South Asia 0 0 Fundraising Central America and the Caribbean Investments Europe (Including Iceland and Greenland) Investments 0 0 description of accounting method Schedule F, PART I, LINE 3, COLUMN (F) 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. true Regular Session Scholarships 539 0 16329044 FMV TUITION OFFSET Regular Session Other Aid 539 35721 838200 FMV OTHER FINANCIAL ASST Summer Program Scholarships 255 0 1113174 FMV TUITION OFFSET Summer Program Other Aid 255 0 11935 FMV OTHER FINANCIAL ASST Monitoring Grant Funds Schedule I, Part I, Line 2 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. X X X X true true X X X X X true true false false false false false false false JOSEPH E FELLOWS 230830 0 1294 28702 20845 281671 0 JAMES M THEISEN 245894 0 4230 29400 16618 296142 0 WILLIAM C DAVISON 193056 0 858 23580 15440 232934 0 EDWARD W PROBERT 183077 0 690 21246 49783 254796 0 THOMAS E HASSAN 221554 0 2817 28590 87278 340239 0 JAY H MARTIN 142982 0 1390 17867 18174 180413 0 ROGER F WAKEMAN 130647 0 11542 12603 64998 219790 0 TYLER C TINGLEY 210152 0 490291 29400 35410 765253 0 448844 COMPENSATION INFORMATION SCHEDULE J, PART I, LINE 1 THE PRINCIPAL OF THE SCHOOL MAY ON OCCASION TRAVEL FIRST CLASS, BE ACCOMPANIED BY HIS SPOUSE FOR BUSINESS PURPOSES AND RECEIVE GROSS-UP PAYMENTS; ALL ARE APPROVED BY THE TRUSTEES AND ARE PURSUANT TO ACADEMY POLICY. 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 STUDENTS AND TO CONDUCT BUSINESS OUTSIDE NORMAL BUSINESS HOURS. SCHEDULE J, PART I, LINE 4A UPON VACATING THE OFFICE OF PRINCIPAL AS OF JUNE 30, 2009, TYLER TINGLEY RECEIVED A PAYMENT OF $234,729. THIS AMOUNT WAS REPORTED ON PRIOR FORMS 990. SCHEDULE J, PART I, LINE 4B FORMER PRINCIPAL TINGLEY PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AS DESCRIBED IN IRC SECTION 457(F). MR. TINGLEY'S DEFERRED COMPENSATION PLAN VESTED JULY 1, 2008 AND THE AMOUNT WAS INCLUDED IN HIS 2008 W-2 AND ON THE 2008 FORM 990. DISTRIBUTION OF THE ASSETS WERE MADE TO MR. TINGLEY IN JANUARY 2010. SCHEDULE J, PART II COLUMNS B(III) AND F Reported in both columns B(iii) and F for Mr. Tingley is the $234,729 payment noted above and sabbatical compensation of $214,115. Column B(iii) also includes some other miscellaneous payments. NH HEALTH & EDUCATION FACILITIES AUTHORITY (HEFA) 020279866 644614SZ3 2007-09-19 50000000 CAPITAL CONSTRUCTION PROJECTS REFU false false 50000000 0 0 0 336409 0 24946436 2008 true false true true false false false false true 0.00000 0.00582 0.00582 true false true true BNY MELLON 34.25 false false true James Theisen Home Mortgage Loan X 250000 84123 false true true 84123 X 1 500000 APPRAISAL X 0 N/A X 139 1227001 FMV X HOTEL RECEPTION 1 0 N/A X CONSOLE PIANO 1 0 N/A X MS 2000 OFFICE LICENSE 1 0 N/A X 2 SERVER LICENSES 1 0 N/A 1 false true true NON-CASH CONTRIBUTIONS SCHEDULE M, PART I, LINE 32A THE ACADEMY'S CUSTODIAL BANK SELLS DONATED STOCK ON PHILLIPS EXETER ACADEMY'S BEHALF. SCHEDULE M, PART I, LINE 33 THE ACADEMY DOES NOT RECOGNIZE REVENUES FOR GIFTS IN KIND OF THE TYPES LISTED IN PART I OF SCHEDULE M. 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 2009-2010 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. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4B 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 SHAKESPEARE CONFERENCE IS DESIGNED FOR TEACHERS LOOKING FOR NEW WAYS TO TEACH SHAKESPEARE. ATTENDEES LIVE AND LEARN WITH TEACHERS FROM DIVERSE BACKGROUNDS: PUBLIC SCHOOLS, INDEPENDENT SCHOOLS, VETERANS AND NEWCOMERS. 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. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI, SECTION B, LINE 11 ONCE PHILLIPS EXETER'S FORM 990 IS COMPLETED, IT IS FIRST REVIEWED BY PHILLIPS EXETER'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. POLICIES FORM 990, PART VI, SECTION B, LINE 12 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, AT THE END OF THE FISCAL YEAR AND BEFORE SUBMISSION OF FORM 990, EACH TRUSTEE, OFFICER AND/OR KEY EMPLOYEE IS PROVIDED WITH A QUESTIONNAIRE REQUIRING DISCLOSURE OF ANY CONFLICTS OF INTEREST THAT MAY HAVE EXISTED DURING THE PRIOR FISCAL YEAR. POLICIES 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. PEA Retiree Health Care Plan 20 Main Street EXETER NH 03833 020489993 VEBA NH 501(C)(9) PHILLIPS EXE Phillips Exeter Hong Kong Foundation Ltd Prince Bldg 10 Chater Rd Central Hong Kong HK Fundraising HK N/A Heinz Exeter Scholarship Fund PO Box 185 PITTSBURG PA 15201 251482044 FUNDRAISING PA 501(C)(3) 11 NA MSSC Trust fbo Phillips Exeter Academy PO Box 748 Sullivans Island SC 29482 576114852 FUNDRAISING SC 501(c)(3) 11 NA false false true false false false false false false false false false false false false true false false Heinz Exeter Scholarship Fund C 40000 MSSC Trust fbo Phillips Exeter Academy C 88000 PEA Retiree Health Plan P 937565