2024-11-01T12:26:28-05:00 2024-06-30 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2023-07-01 237091186 THE PHILADELPHIA SCHOOL PHIL 2155455323 2501 LOMBARD STREET PHILADELPHIA PA 19146 ZACHARY KLEHR PRESIDENT-BOARD OF TRUSTEES 2155455323 2024-10-28 1 0 HELEN M MARTIN P01330899 2158818800 2023 2024-10-15 13:58:12Z ZACHARY KLEHR 2501 LOMBARD STREET PHILADELPHIA PA 19146 21109300 0 X WWW.TPSCHOOL.ORG X 1970 PA SEE SCHEDULE O THE PHILADELPHIA SCHOOL EDUCATES CHILDREN FOR A FUTURE THAT IS IMPOSSIBLE TO KNOW BUT NOT IMPOSSIBLE TO SHAPE. LEARN HERE. GO ANYWHERE. 22 18 185 50 0 0 3464137 3319021 13047696 14508918 300766 1065341 -52739 8161 16759860 18901441 1998681 2403481 0 0 8096699 9882110 0 65000 376217 4289804 4043715 14385184 16394306 2374676 2507135 30100596 32537181 3674152 3786711 26426444 28750470 X THE PHILADELPHIA SCHOOL EDUCATES CHILDREN FOR A FUTURE THAT IS IMPOSSIBLE TO KNOW BUT NOT IMPOSSIBLE TO SHAPE. LEARN HERE. GO ANYWHERE. 0 0 11783740 2344932 13205433 EDUCATION FOR STUDENTS FROM PRESCHOOL TO 8TH GRADE; 38 PRESCHOOL, 44 KINDERGARTEN, 100 PRIMARY UNIT (GRADES 1-2), 129 JUNIOR UNIT (GRADES 3-5), 96 MIDDLE SCHOOL (GRADES 6-8).THE PHILADELPHIA SCHOOL (TPS) OPENED ITS DOORS TO ITS FIRST STUDENTS OVER 50 YEARS AGO. A LEADER IN THE PHILADELPHIA EDUCATIONAL LANDSCAPE, TPS HAS COME TO BE KNOWN OVER TIME FOR THREE DISTINCTIVE AND UNIQUE FEATURES: WE ARE PROGRESSIVE, OUR CLASSROOM IS EVERYWHERE, AND WE ARE PRESCHOOL THROUGH EIGHTH GRADE BY DESIGN. WE KNOW THAT LEARNING HAPPENS EVERYWHERE - IN THE CITY, IN THE COUNTRY, AND IN THE CLASSROOM. CONNECTING LESSONS TO THE REAL WORLD HELPS CHILDREN UNDERSTAND HOW THEY FIT INTO THE BIG PICTURE AND LEARN HOW TO ADVOCATE FOR THEMSELVES AND OTHERS. TPS GRADUATES EMERGE AS SELF-CONFIDENT LEADERS MORE THAN PREPARED NOT ONLY FOR THE NEXT STEPS OF THEIR EDUCATIONAL JOURNEY, BUT TO SHAPE THE WORLD IN IMPORTANT AND MEANINGFUL WAYS. WE'VE ALWAYS THOUGHT OUTSIDE OF THE CLASSROOM. WE'LL BE DOING THE SAME FOR THE NEXT 50 YEARS.THE PHILADELPHIA SCHOOL'S PROGRESSIVE EDUCATIONAL APPROACH HAS DEEP THINKING, INNOVATION, AND AGENCY AS ITS GUIDING PRINCIPLES. WE ENCOURAGE CHILDREN TO EXPLORE AND PUSH THE BOUNDARIES OF POSSIBILITY TO FULFILL THEIR ACADEMIC, SOCIAL, AND CIVIC POTENTIAL. WE APPROACH LEARNING THROUGH INQUIRY, PROJECTS, AND COMMUNITY. CORE VALUES AND BEST-PRACTICE RESEARCH INFORM THE SCHOOL'S PROGRAM AND PEDAGOGICAL PRACTICES. OUR INTERDISCIPLINARY, THEME-BASED APPROACH PROVIDES THE FOUNDATION FOR MASTERING ACADEMICS AND PREPARES STUDENTS FOR THE CHALLENGES THEY WILL FACE IN THE FUTURE. AS AN URBAN, PRESCHOOL - 8TH GRADE SCHOOL, WE ADDRESS SPECIFICALLY HOW YOUNG STUDENTS DEVELOP INTELLECTUALLY, EMOTIONALLY, SOCIALLY, AND PHYSICALLY. THROUGH OUR COMMITMENT TO DIVERSITY, WE SEEK TO NURTURE EACH STUDENT'S MORAL COMPASS, SENSE OF PERSONAL INTEGRITY, AND RESPECT FOR BOTH INDIVIDUALITY AND COMMUNITY. LEARNING IN THE CITY, COUNTRY, AND CLASSROOM AFFIRMS OUR FOUNDERS' GOAL OF EDUCATING CHILDREN TO BECOME RESPONSIBLE AND ACTIVE STEWARDS OF THE URBAN AND NATURAL ENVIRONMENTS. 1205552 58549 1303485 AUXILIARY PROGRAMMING FOR STUDENTS INCLUDING, BUT NOT LIMITED TO MUSIC, CHESS, SPORTS, CLUBS, AND SUMMER CAMP. 12989292 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 35 0 1 185 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 18 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X JARED SUSCO DIRECTOR OF FINANCE 2155455323 2501 LOMBARD STREET PHILADELPHIA PA 19146 ZACHARY KLEHR PRESIDENT 5.00 X X 0 0 0 JEFFERY DONNON TREASURER 5.00 X X 0 0 0 JENNY BOGONI SECRETARY 5.00 X X 0 0 0 ANITA ANDREWS BOARD TRUSTEE 5.00 X 0 0 0 ADAM DOUBERLY BOARD TRUSTEE 5.00 X 0 0 0 ALISA FIELD BOARD TRUSTEE 5.00 X 0 0 0 CHIP FINNEY BOARD TRUSTEE 5.00 X 0 0 0 EMILY FOOTE BOARD TRUSTEE 5.00 X 0 0 0 ERIC JONES BOARD TRUSTEE 5.00 X 0 0 0 MOLLIE HENDERSON BOARD TRUSTEE 5.00 X 0 0 0 JOHN JACKSON BOARD TRUSTEE 5.00 X 0 0 0 TRISTAN JONES BOARD TRUSTEE 5.00 X 0 0 0 MICHAEL KERLIN BOARD TRUSTEE 5.00 X 0 0 0 MARC MANNELLA BOARD TRUSTEE 5.00 X 0 0 0 GIRNA MENDEZ-ADKINS BOARD TRUSTEE 5.00 X 0 0 0 STEPHEN GIORGIO BOARD TRUSTEE 5.00 X 0 0 0 JAMES NAM BOARD TRUSTEE 5.00 X 0 0 0 JULIA FRAYMAN BOARD TRUSTEE 5.00 X 0 0 0 MELANIE PONTZ BOARD TRUSTEE (TPSA PRESIDENT) 5.00 X 0 0 0 JJ SHIRLEY BOARD TRUSTEE 5.00 X 0 0 0 BARBARA STANLEY BOARD TRUSTEE 5.00 X 0 0 0 SEAN VEREEN BOARD TRUSTEE 5.00 X 0 0 0 LISA SUN HEAD OF SCHOOL (THRU 6/30/24) 40.00 X 322510 0 43410 JONATHAN KATZENBACH DIR OF FIN & OPER (THRU 6/30/24) 40.00 X 157619 0 59998 CHRISTINE REARDON DIVISION DIRECTOR 40.00 X 134783 0 26701 ALLISON KIRSHNER OZ DIRECTOR OF LEARNING RESOURCES 40.00 X 111264 0 32243 MEGAN TOWNSEND DIRECTOR OF ADVANCEMENT 40.00 X 114944 0 55279 JEFFREY MORDAN DIRECTOR OF SYSTEMS AND SPACES 40.00 X 113076 0 18440 ANNA DONNELLY DIVISION DIRECTOR 40.00 X 127500 0 30567 1081696 0 266638 7 0 1 0 WOLFE SCOTT 910 E MAIN ST NORRISTOWN PA 19401 CONSTRUCTION SERVICES 2563842 ARAMARK SERVICES INC 27310 NETWORK PLACE CHICAGO IL 60673 CLEANING SERVICES 536663 SMP ARCHITECTS 1600 WALNUT STREET 2ND FLOOR PHILADELPHIA PA 19103 ARCHITECTURAL SERVICES 171501 ELLIOT LEWIS CORPORATION 2900 BLACK LAKE PL PHILADELPHIA PA 19154 HVAC SERVICES 149437 EDU-TECH ACADEMIC SOLUTIONS 5 GREAT VALLEY PARKWAY MALVERN PA 19355 TECHNOLOGICAL SUPPORT 118115 5 85937 3233084 93895 3319021 TUITION 611710 13140278 13140278 EXTENDED CARE AND STUDENT ACTIVIT 611710 1303485 1303485 FEES AND FORFEITURES 611710 65155 65155 14508918 405256 405256 2835029 9391 2184335 0 650694 9391 660085 660085 31685 85937 23524 8161 8161 18901441 14508918 0 1073502 2403481 2403481 603802 124997 353808 124997 7103088 5329876 1700290 72922 296934 228775 66077 2082 1288841 1120377 163879 4585 589445 439386 135902 14157 15770 15770 54001 54001 65000 65000 218847 68673 125862 24312 31381 31381 125311 26259 99052 343219 332923 6864 3432 1101671 1068621 22033 11017 85653 85653 1003784 973670 20076 10038 181626 176177 3633 1816 STUDENT ENRICHMENT 288350 288350 BOOKS AND SUPPLIES 226860 226860 STAFF DEVELOPMENT 196166 152039 44127 MISCELLANEOUS 87693 87693 83383 28828 12696 41859 16394306 12989292 3028797 376217 2989 1000 3063582 3447748 1471601 1499381 54387 477313 281323 251411 32107635 12966321 16213377 19141314 6557131 7719014 2456206 30100596 32537181 1465939 1786245 663901 723326 1507674 1257540 36638 19600 3674152 3786711 X 22890768 24343354 3535676 4407116 26426444 28750470 30100596 32537181 2507135 -153108 -30001 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1668252 250950 33050 1886152 1510633 187708 30089 1668252 1800975 700 -260359 30683 1510633 1377178 49000 411221 36424 1800975 1341080 5800 68950 38652 1377178 0.00000 0.73101 0.26899 0 0 4709094 4709094 25028974 11305084 13723890 1911957 1518951 393006 457610 142286 315324 19141314 CAPITAL LEASE PAYABLE 19600 19600 X 16338375 -153108 23524 -129584 16467959 30001 2403481 2433482 18901441 14014349 23524 23524 13990825 2403481 2403481 16394306 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSIST OF A NUMBER OF GIFTS FOR A VARIETY OF PURPOSES. THESE PURPOSES INCLUDE FUNDING SCHOLARSHIPS AND FACULTY ADVANCEMENT AS WELL AS A GENERAL ENDOWMENT TO SUPPORT THE SCHOOL'S OPERATIONS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE ("IRS") HAS CLASSIFIED THE SCHOOL AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF THE SCHOOL HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF ADMINISTRATIVE EXPENSES. THERE WERE NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 23,524. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,344,932. FINANCIAL AID FOR AUXILIARY PROGRAMS 58,549. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 23,524. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,344,932. FINANCIAL AID FOR AUXILIARY PROGRAMS 58,549. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS CONTAINED IN ALL ADMISSIONS AND OTHER BROCHURES DISSEMINATED TO THE PUBLIC, AND IS ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE PHILADELPHIA SCHOOL ANNUALLY RECEIVES SOME FUNDING FROM THE COMMONWEALTH OF PENNSYLVANIA, DEPARTMENT OF EDUCATION, WHICH IT USES FOR CLASSROOM SUPPLIES AND FACULTY PROFESSIONAL DEVELOPMENT. X X X X 1 GRAHAM-PELTON CONSULTING 39 BEECHWOOD RD SUMMIT NJ 07901 FUNDRAISING CONSULTATION 0 0 65000 -65000 65000 -65000 EATS EVENT 117622 85937 31685 5507 8111 9273 633 117622 85937 31685 5507 8111 9273 633 23524 8161 1 NEED-BASED SCHOLARSHIPS FOR STUDENT'S AUXILIARY PROGRAMS 50 58549 FMV NEED-BASED SCHOLARSHIPS FOR STUDENT'S TUITION 152 2344932 FMV PART I, LINE 2: THE SCHOOL GRANTS NEED-BASED FINANCIAL AID TO FAMILIES WHO QUALIFY BASED ON TAX AND OTHER INFORMATION SUPPLIED DURING THE FINANCIAL AID APPLICATION PROCESS. ALL FINANCIAL AID AWARDS ARE DOCUMENTED AND RETAINED BY THE SCHOOL. THE SCHOOL PROVIDES TUITION REMISSION TO ALL BENEFIT-ELIGIBLE EMPLOYEES. THE BASE BENEFIT IS 50% OF TUITION, WITH AN ADDITIONAL 5% OF TUITION FOR EMPLOYEES WITH TEN OR MORE YEARS OF SERVICE WITH THE SCHOOL. EMPLOYEES MAY QUALIFY FOR NEED-BASED FINANCIAL AID IN ADDITION TO TUITION REMISSION. X X X X X X 1 0 0 0 0 0 0 0 0 LISA SUN HEAD OF SCHOOL (THRU 6/30/24) 306510 0 0 0 16000 0 15250 0 28160 0 365920 0 0 0 JONATHAN KATZENBACH DIR OF FIN & OPER (THRU 6/30/24) 157619 0 0 0 0 0 0 0 59998 0 217617 0 0 0 MEGAN TOWNSEND DIRECTOR OF ADVANCEMENT 114944 0 0 0 0 0 6175 0 49104 0 170223 0 0 0 CHRISTINE REARDON DIVISION DIRECTOR 134783 0 0 0 0 0 7193 0 19508 0 161484 0 0 0 ANNA DONNELLY DIVISION DIRECTOR 127500 0 0 0 0 0 6375 0 24192 0 158067 0 0 0 PART I, LINE 4A UPON SEPARATION OF SERVICE EFFECTIVE 06/30/2024, THE FORMER HEAD OF SCHOOL IS TO RECEIVE A SEVERANCE PACKAGE UNDER A NON-DISCLOSURE AGREEMENT. THE SEVERANCE IS NOT INCLUDED IN ABOVE COMPENSATION AMOUNT ON PART VII OF THE FORM 990. 170850 FINANCIAL AID FOR TUITION X 1 25453 HI/LOW DATE OF GIFT X TECHNOLOGY EQUIPMENT AND SUPPLIES 1 66142 FMV X IT SUPPLIES 1 2300 FMV 0 0 0 PART I, COLUMN (B): THE COUNT ON LINE 9 REPRESENTS THE NUMBER OF UNIQUE STOCK CONTRIBUTIONS BY A DONOR. THE COUNT ON LINE 25 REPRESENTS THE VALUE OF THE ANNUAL CONTRIBUTION OF TECHNOLOGY EQUIPMENT FROM THE COMMONWEALTH OF PA. THE COUNT ON LINE 26 REPRESENTS THE NUMBER DONORS WHO CONTRIBUTED SUPPLIES. FORM 990, PART VI, SECTION A, LINE 7A ACTIVE MEMBERS (PARENTS) OF THE ORGANIZATION HAVE THE POWER TO ELECT THE ORGANIZATION'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS, ELECTION OF THE ORGANIZATION'S BOARD OF TRUSTEES, ARE APPROVED BY ACTIVE MEMBERS (PARENTS) OF THE ORGANIZATION. WHILE APPROVAL OF THE ORGANIZATION'S BYLAWS ARE BY THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE PRESIDENT OF THE BOARD OF TRUSTEES AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO FILING. AN ELECTRONIC COPY OF THE COMPLETED FORM 990 WAS MADE AVAILABLE TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY HAS BEEN GIVEN TO ALL BOARD MEMBERS AND EMPLOYEES. BOARD MEMBERS AND EMPLOYEES (HERETO KNOWN AS INTERESTED PARTIES) ARE UNDER A CONTINUING OBLIGATION TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS KNOWN, OR REASONABLY SHOULD BE KNOWN. AN INTERESTED PARTY SHALL COMPLETE A QUESTIONNAIRE TO FULLY AND COMPLETELY DISCLOSE THE MATERIAL FACTS ABOUT ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE DISCLOSURE STATEMENT SHALL BE COMPLETED UPON HIS/HER ASSOCIATION WITH THE ORGANIZATION, AND SHALL BE UPDATED ANNUALLY THEREAFTER. AN ADDITIONAL DISCLOSURE STATEMENT SHALL BE FILED AT SUCH TIME AS AN ACTUAL OR POTENTIAL CONFLICT ARISES. STATEMENTS ARE REVIEWED BY THE CHAIR OF THE BOARD OF TRUSTEES AND HEAD OF SCHOOL FOR COMPLIANCE WITH THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S CONTRACT WAS NEGOTIATED BY THE COMPENSATION COMMITTEE OF THE BOARD WHICH CONSISTED OF FIVE MEMBERS (PRESIDENT, SENIOR VICE PRESIDENT, SECRETARY, TREASURER, AND ONE ADDITIONAL TRUSTEE) ASSISTED BY OUTSIDE SCHOOL COUNSEL. NAIS BEST PRACTICES, COMPARABLE SALARIES AND OTHER INFORMATION WERE REVIEWED IN THE NEGOTIATION PROCESS BY THE COMPENSATION COMMITTEE. TPS ALSO USED AN INDEPENDENT COMPENSATION CONSULTANT THIS YEAR TO ANALYZE THE HEAD OF SCHOOL'S SALARY. THE HEAD OF SCHOOL'S COMPENSATION WAS APPROVED BY THE FINANCE COMMITTEE AND THE BOARD AS A PART OF THE HIRING AND BUDGET APPROVAL PROCESS. THE DIRECTOR OF FINANCE AND OPERATIONS' COMPENSATION IS DETERMINED BASED ON COMPARABLES FROM OTHER SCHOOLS OF SIMILAR SIZE AND RESPONSIBILITIES. FORM 990, PART VI, SECTION C, LINE 18 INDIVIDUALS ARE DIRECTED TO WWW.GUIDESTAR.ORG OR AN ELECTRONIC OR PAPER VERSION OF FORM 990 IS PROVIDED UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE IN ELECTRONIC OR PAPER FORM UPON REQUEST BY INDIVIDUALS WITH A NEED TO SEE SUCH DOCUMENTS. FORM 990, PARK XII, LINE 2C THE FINANCE COMMITTEE IS DELEGATED THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR. NO CHANGES HAVE BEEN MADE TO THIS PROCESS AS COMPARED TO THE PRIOR YEAR.