2024-05-13T08:40:23-05:00 2023-06-30 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2022-07-01 340714720 UNIVERSITY SCHOOL UNIV 2169320400 20701 BRANTLEY ROAD SHAKER HEIGHTS OH 44122 MIKE DEGRANDIS FINANCE DIRECTOR 2169320400 2024-05-10 1 MIKE DEGRANDIS 999009999 1 CHRISTOPHER B ANDERSON P00226559 2163630100 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICK GALLAGHER 20701 BRANTLEY ROAD SHAKER HEIGHTS OH 44122 90138227 0 X WWW.US.EDU X 1890 OH THE MISSION OF UNIVERSITY SCHOOL IS TO DEVELOP PROMISING AND MOTIVATED YOUNG BOYS INTO ACCOMPLISHED AND INDEPENDENT YOUNG MEN WHO ASPIRE TO MAKE A DIFFERENCE IN THE WORLD. 28 28 458 100 40718 7143 17708313 21008739 28770479 29951740 8820510 3816128 30464 42485 55329766 54819092 8585934 9175436 0 0 21565313 22879299 0 0 1726029 11781482 12839740 41932729 44894475 13397037 9924617 191858927 206612182 14754223 13777084 177104704 192835098 X THE MISSION OF UNIVERSITY SCHOOL IS TO DEVELOP PROMISING AND MOTIVATED BOYS INTO ACCOMPLISHED AND INDEPENDENT YOUNG MEN WHO ASPIRE TO MAKE A DIFFERENCE IN THE WORLD. THE SCHOOL IS RIGOROUS. OUR PROGRAMS, LED BY CHALLENGING AND SUPPORTIVE FACULTY, PROMOTE INTELLECTUAL, PHYSICAL, CREATIVE, AND MORAL EXCELLENCE. WE BELIEVE THESE GOALS ARE BEST ACHIEVED IN A DIVERSE COMMUNITY WHERE TRADITION IS VALUED AND WHERE EVERY BOY IS KNOWN AND LOVED. 0 0 38393339 9175436 29951740 PROVIDE INSTRUCTION TO A REGULARLY-ENROLLED STUDENT BODY(KINDERGARTEN THROUGH GRADE 12) FOR WHICH A REGULAR FACULTY ANDCOLLEGE-PREPARATORY CURRICULUM ARE MAINTAINED. THERE WERE 836FULL-TIME STUDENTS ENROLLED AT THE SCHOOL DURING THE 2022-2023SCHOOL YEAR. 38393339 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 110 0 1 458 1 1 1 1 CA UC EI 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MIKE DEGRANDIS 2169320400 20701 BRANTLEY ROAD SHAKER HEIGHTS OH 44122 DICK HOLLINGTON PRESIDENT 1.00 X X 0 0 0 MATT CRAWFORD VICE CHAIR 1.00 X X 0 0 0 MIKE ADAMS TREASURER 1.00 X X 0 0 0 JOE JUSTER SECRETARY 1.00 X X 0 0 0 FRED ASBECK TRUSTEE 1.00 X 0 0 0 MARY GARCEAU TRUSTEE 1.00 X 0 0 0 JOHN FEIGHAN TRUSTEE 1.00 X 0 0 0 ROB MOLL TRUSTEE 1.00 X 0 0 0 TONY SALEWSKI TRUSTEE 1.00 X 0 0 0 MICHAEL WEINER TRUSTEE 1.00 X 0 0 0 JIM BROWN TRUSTEE 1.00 X 0 0 0 DREW CARLETON TRUSTEE 1.00 X 0 0 0 MIKE FOUST TRUSTEE 1.00 X 0 0 0 BILL OBERNDORF TRUSTEE 1.00 X 0 0 0 STEVE OSBORN TRUSTEE 1.00 X 0 0 0 SCOTT SEELBACH TRUSTEE 1.00 X 0 0 0 SCOTT GOLDBERG TRUSTEE 1.00 X 0 0 0 ROB HARTFORD JR TRUSTEE 1.00 X 0 0 0 SUBER HUANG TRUSTEE 1.00 X 0 0 0 WHITNEY JOHNSON TRUSTEE 1.00 X 0 0 0 NEIL SETHI TRUSTEE 1.00 X 0 0 0 DAVID SMITH TRUSTEE 1.00 X 0 0 0 JD SULLIVAN TRUSTEE 1.00 X 0 0 0 CARL TIPPIT TRUSTEE 1.00 X 0 0 0 RICK BANKS TRUSTEE 1.00 X 0 0 0 DALE NAYLOR TRUSTEE 1.00 X 0 0 0 KATIE OUTCALT TRUSTEE 1.00 X 0 0 0 AMY PAINE TRUSTEE 1.00 X 0 0 0 CHRIS SMYTHE TRUSTEE 1.00 X 0 0 0 DAVID J WRIGHT FINANCE DIRECTOR 40.00 X 215556 0 38887 PATRICK GALLAGHER HEAD OF SCHOOL 40.00 X 401841 0 47287 JONATHAN BRIDGE DIRECTOR OF ADVANCEMENT 40.00 X 214149 0 46003 WILLIAM DAUGHTREY UPPER SCHOOL DIRECTOR 40.00 X 178553 0 40998 JEN BEROS ASSOCIATE HEAD OF SCHOOL 40.00 X 153393 0 29244 SANDIE FANTOZZI-WELKER HR DIRECTOR 40.00 X 124029 0 29614 CHRISTINA TOWNSEND-HARTZ DIRECTOR OF ADMISSIONS 40.00 X 116836 0 19169 1404357 0 251202 16 0 1 0 THE ALBERT HIGLEY CO 3636 EUCLID AVE CLEVELAND OH 44115 CONSTRUCTION 2640548 ANNUM ARCHITECTS 40 BROAD STREET SUITE 102 BOSTON MA 02109 ARCHITECTURAL 577151 WARREN ROOFING 7015 KRICK ROAD WALTON HILLS OH 44146 ROOFING 266000 PRECIOUS CARGO PO BOX 23617 CHAGRIN FALLS OH 44023 TRANSPORTATION 248575 DIX & EATON 200 PUBLIC SQUARE SUITE 3900 CLEVELAND OH 44114 PR/MARKETING 160525 6 3525175 4759237 12724327 303647 21008739 TUITION & FEES 900099 28625840 28625840 AUXILIARY FUNCTIONS 900099 989392 989392 OTHER OPERATING INCOME 900099 336508 336508 29951740 4981291 40718 4940573 42485 0 42485 42485 42485 34147872 6100 35319135 0 -1171263 6100 -1165163 -1165163 54819092 29951740 40718 3817895 9175436 9175436 395000 98750 197500 98750 16953551 14901154 1265459 786938 1506529 1302575 127042 76912 2783320 2406514 234710 142096 1240899 1072906 104642 63351 50033 50033 60755 60755 409604 409604 733700 440220 256795 36685 293507 234806 44026 14675 232333 197483 23233 11617 3773331 3207331 377333 188667 380748 228449 133262 19037 ADMINISTRATIVE EXPENSE 2140854 1187142 820648 133064 FACILITY EXPENSE 1955503 1173302 684426 97775 ACADEMIC-OTHER 1670107 1670107 BAD DEBT 10001 10001 1129264 677559 395243 56462 44894475 38393339 4775107 1726029 3586013 6072615 19961693 20377275 59033 73485 62448 63586 1892716 1776626 128691062 67825241 58442625 60865821 62897051 70070725 44760205 46921200 197143 390849 191858927 206612182 3438750 3438533 1332193 1222960 9828980 8994791 154300 120800 14754223 13777084 X 78893559 82698328 98211145 110136770 177104704 192835098 191858927 206612182 X 9924617 5542906 262871 X 0 1 X 1 0 X 6243357 9521756 31087061 17708313 21008739 85569226 6243357 9521756 31087061 17708313 21008739 85569226 40160583 45408643 3776041 4079390 3863293 4755769 5023776 21498269 107067495 140622378 0.42410 0.34640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99015088 7793286 8844515 5623927 110028962 102576709 8022187 -6978872 4604936 99015088 82131058 1062067 24219797 4836213 102576709 86399441 1128864 -339664 5057583 82131058 86108304 1874928 3109861 4693652 86399441 0.27796 0.59054 0.13150 0 0 3703902 3703902 117334559 62009358 55325201 7652601 5815883 1836718 60865821 ALTERNATIVE INVESTMENTS 46921200 F 46921200 SPLIT INTEREST AGREEMENTS 120800 120800 X PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS - INCOME FROM ENDOWMENT FUNDS AND BOARD-DESIGNATED FUNDS IS APPROPRIATED BASED ON AN APPROVAL PROCESS THROUGH THE BOARD OF TRUSTEES. SPECIFIC COMMITTEES RECOMMEND AMOUNTS TO BE DISBURSED FROM THE ACCUMULATED EARNINGS OF THE ENDOWMENT FUNDS, WHICH ARE THEN APPROVED FOR APPROPRIATION BY THE BOARD OF TRUSTEES. ENDOWMENT FUNDS DISBURSEMENTS ARE USED TO FURTHER THE EXEMPT EDUCATIONAL PURPOSES OF THE SCHOOL. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - INCOME TAXES- THE SCHOOL AND THE ASSOCIATION (A RELATED ORGANIZATION INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS) ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEY BELIEVE THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SCHOOL'S AND THE ASSOCIATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S ADMISSION POLICIES ARE PUBLISHED IN FIVE MAJOR NEWSPAPERS EACH YEAR IN ACCORDANCE WITH REV. PROC. 75-50. SCHEDULE E, PART I, LINE 6 AID FROM A GOVERNMENTAL AGENCY - THE SCHOOL RECEIVES ALLOCATIONS FROM THE STATE OF OHIO UNDER THE AUXILIARY SERVICES PROGRAM, WHICH PROVIDES TEXTBOOKS, MATERIALS, REIMBURSEMENTS OF CERTAIN ADMINISTRATIVE COSTS, AND FOOD TO STUDENTS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 4392294 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 2112490 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS 829817 0 0 0 0 0 0 7334601 0 7334601 1 0 1 0 1 0 PART III ACCOUNTING METHOD: 1 STUDENT FINANCIAL AID 437 9175436 BOOK MONITORING USE OF GRANT FUNDS - PART I, LINE 2: UNIVERSITY SCHOOL GRANTS SCHOLARSHIPS ON AN AS-NEEDED BASIS WITHOUT REGARD TO RACE, RELIGION, OR CREED. ALL STUDENTS WHO PASS AN ENTRANCE EXAM ARE ELIGIBLE TO APPLY FOR FINANCIAL AID. APPLICATIONS ARE REVIEWED BY AN OUTSIDE AGENCY AND RECOMMENDATIONS ARE COMMUNICATED TO THE SCHOOL'S FINANCIAL AID COMMITTEE. THE COMMITTEE MEETS AND REVIEWS THE RECOMMENDATIONS AND AWARDS THE SCHOLARSHIPS ACCORDINGLY. X X X X 0 1 X X X 0 0 0 0 0 0 0 0 0 PATRICK GALLAGHER HEAD OF SCHOOL 401841 0 0 0 0 0 39400 0 7887 0 449128 0 0 0 JONATHAN BRIDGE DIRECTOR OF ADVANCEMENT 214149 0 0 0 0 0 22120 0 23883 0 260152 0 0 0 DAVID J WRIGHT FINANCE DIRECTOR 215556 0 0 0 0 0 22600 0 16287 0 254443 0 0 0 WILLIAM DAUGHTREY UPPER SCHOOL DIRECTOR 178553 0 0 0 0 0 17580 0 23418 0 219551 0 0 0 JEN BEROS ASSOCIATE HEAD OF SCHOOL 153393 0 0 0 0 0 15773 0 13471 0 182637 0 0 0 SANDIE FANTOZZI-WELKER HR DIRECTOR 124029 0 0 0 0 0 13327 0 16287 0 153643 0 0 0 PART I, LINE 1A BENEFITS PROVIDED TO CERTAIN EMPLOYEES - TRAVEL FOR COMPANIONS: THE HEAD OF SCHOOL RECEIVES REIMBURSEMENTS FOR TRAVEL EXPENSES FROM THE SCHOOL. THESE REIMBURSEMENTS ARE NOT TREATED AS TAXABLE INCOME TO THE HEAD OF SCHOOL. HOUSING ALLOWANCE: THE SCHOOL PROVIDES A HOUSE ON CAMPUS TO THE HEAD OF SCHOOL. THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS AS PART OF HIS DUTIES FOR THE SCHOOL. NO TAXABLE COMPENSATION IS IMPUTED FOR THE USE OF THE HOUSE. SOCIAL CLUB DUES: THE SCHOOL PAYS COUNTRY CLUB DUES FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL USES THE CLUB FOR BUSINESS PURPOSES, AND NO TAXABLE INCOME IS IMPUTED FOR THIS BENEFIT. PERSONAL SERVICES: MAID SERVICE IS PROVIDED TO THE HEAD OF SCHOOL FOR THE SCHOOL-OWNED HOUSE IN WHICH HE RESIDES. NO TAXABLE INCOME IS IMPUTED FOR THIS BENEFIT. PART I, LINE 1B WRITTEN POLICY FOR BENEFITS - WHILE THE SCHOOL DOES NOT HAVE A FORMAL WRITTEN POLICY FOR THE BENEFITS PROVIDED TO THE HEAD OF SCHOOL, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINED THE COMPENSATION AND BENEFITS PACKAGE. THE INDIVIDUALS ON THIS COMMITTEE ARE INDEPENDENT OF THE HEAD OF SCHOOL. A CUYAHOGA COUNTY ECONOMIC REVENUE BONDS 340714720 2017-12-01 6785000 REFINANCING 0 0 0 B CUYAHOGA COUNTY ECONOMIC REVENUE BONDS 340714720 2017-12-01 6785000 REFINANCING 0 0 0 A 191000 6785000 228616 6556384 2018 1 0 1 1 B 191000 6785000 228616 6556384 2018 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 1 0 0 1 1 FIRST NATIONAL BANK 15.000000000000 0 0 0 0 1 B 0 1 0 0 0 0 FIRST NATIONAL BANK 15.000000000000 0 0 0 0 1 A 0 B 0 X 6 303647 FMV 0 0 1 PART I, LINE 32B: USE OF THIRD PARTIES - THE SCHOOL USES A SECURITIES BROKER TO SELL CERTAIN DONATED SECURITIES. THE FEES CHARGED BY THE BROKER ARE AT OR BELOW FAIR MARKET VALUE. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 - THE BOARD OF TRUSTEES HAS DELEGATED THE REVIEW OF FORM 990 TO THE FINANCE COMMITTEE. UPON COMPLETION OF THAT REVIEW, THE HIGHLIGHTS OF THE RETURN ARE REPORTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 PROVIDED TO GOVERNING BODY - THE SCHOOL HAS DISTRIBUTED FORM 990 TO THE FULL BOARD OF TRUSTEES WITH THE EXCEPTION OF DONOR INFORMATION ON SCHEDULE B. THE SCHOOL BELIEVES THAT DONOR INFORMATION IS CONFIDENTIAL. AS SUCH, WE ARE REQUIRED TO ANSWER "NO" TO THE QUESTION ON LINE 11A EVEN THOUGH A COPY OF FORM 990 (WITH REDACTED DONOR INFORMATION ON SCHEDULE B) WAS PROVIDED TO THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - THE SCHOOL'S CONFLICT OF INTEREST POLICY IS MAILED ANNUALLY TO TRUSTEES AND DISTRIBUTED AT BOARD MEETINGS. WHEN A CONFLICT ARISES, THE INDIVIDUAL IS NOT PERMITTED TO VOTE OR PARTICIPATE IN THE DISCUSSION OF THE TRANSACTION. PERSONS THAT ARE INDEPENDENT OF THE INDIVIDUAL WITH THE CONFLICT MAKE THE DECISION ABOUT THE TRANSACTION. THE DELIBERATIONS AND DECISION ARE DOCUMENTED IN THE MINUTES OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL - THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THE HEAD OF SCHOOL ANNUALLY. THE FINANCE DIRECTOR REVIEWS THE COMPENSATION OF THE EXECUTIVE STAFF. PERIODICALLY, COMPARABLE COMPENSATION DATA FROM OTHER SIMILAR SCHOOLS IS REVIEWED AND THE DATA IS USED IN DETERMINING THE COMPENSATION OF THE EXECUTIVE STAFF. THE MEMBERS OF THE BOARD ARE INDEPENDENT OF THE EXECUTIVE STAFF AND OTHER EMPLOYEES OF THE SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP ADJUSTMENT 262,871. UNIVERSITY SCHOOL ALUMNI ASSOCIATION 20701 BRANTLEY ROAD SHAKER HEIGHTS OH 44122 346513026 ALUM RELATION OH 501(C)(3) LINE 12A, I UNIV SCHOOL 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UNIVERSITY SCHOOL ALUMNI ASSOCIATION C 3525175 FMV