2025-05-12T13:39:51-05:00 2024-06-30 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2023-07-01 232728931 THE GESU SCHOOL INC GESU 2157633660 1700 W THOMPSON ST PHILADELPHIA PA 19121 BRYAN H CARTER PRESIDENT 2157633660 2025-05-06 1 1 SOLOMON MARDAKHAEV P01806552 6105653930 2025-05-02 2023 2025-03-06 01:10:19Z BRYAN H CARTER 1700 W THOMPSON ST PHILADELPHIA PA 19121 12561295 0 X WWW.GESUSCHOOL.ORG X 1993 PA INDEPENDENT CATHOLIC SCHOOL (PRE-K TO 8TH GRADE) IN THE JESUIT AND IHM TRADITIONS PROVIDING ACADEMIC, SPIRITUAL AND SOCIAL DEVELOPMENT TO CHILDREN WHO RESIDE PRIMARILY IN POVERTY STRICKEN AREAS OF PHILADELPHIA. 44 44 95 47 0 0 6513783 5507877 3786976 4167332 86021 923066 257164 131928 10643944 10730203 3046289 3419828 0 0 5069418 5618481 0 0 1220737 1939251 2387227 10054958 11425536 588986 -695333 41783997 45006154 1092621 1018375 40691376 43987779 X INSPIRED BY THE JESUIT AND IHM TRADITIONS OF SOCIAL JUSTICE, FAITH, CREATIVE HOPE, AND LOVE, GESU SCHOOL HELPS STUDENTS TO TRANSCEND ALL FORMS OF POVERTY BY PROVIDING A COMPREHENSIVE, INNOVATIVE EDUCATION. WE EMPOWER OUR STUDENTS TO DEVELOP THEIR STRENGTHS, OVERCOME CHALLENGES, AND BECOME POSITIVE, ENGAGED MEMBERS OF THE COMMUNITY AND THE WORLD. 0 0 8739070 3419828 4167332 ELEMENTARY & PRE-K EDUCATION PROVIDED ON A NON-SELECTIVE BASIS FOR 400 INNER-CITY SCHOOL CHILDREN, HOUSED IN A FACILITY DONATED BY ST. JOSEPH'S PREP. THE EDUCATIONAL BENEFITS OF THE GESU SCHOOL ARE EVIDENCED BY HISTORICAL HIGH SCHOOL GRADUATION RATES FOR ITS STUDENTS OF 90% VERSUS THE AVERAGE RATE IN PHILADELPHIA OF 70%, AND 80% STATE-WIDE. 8739070 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 9 0 95 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 44 44 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X CAROLYNN THOMPSON 2157633660 1700 W THOMPSON ST PHILADELPHIA PA 19121 STEVEN S PILTCH CHAIR 1.00 X X 0 0 0 SUSAN MANIX VICE CHAIR 1.00 X X 0 0 0 GREG RIGDON VICE CHAIR 1.00 X X 0 0 0 KEITH PENSION SECRETARY 1.00 X X 0 0 0 GERARD DAVIES TREASURER 1.00 X X 0 0 0 JEFF ARMBRISTER TRUSTEE 0.50 X 0 0 0 DONNA BULLOCK TRUSTEE 0.50 X 0 0 0 GEORGE BUR SJ TRUSTEE 0.50 X 0 0 0 CRAIG BURNS TRUSTEE 0.50 X 0 0 0 MARY ELLEN TENNITY IHM TRUSTEE 0.50 X 0 0 0 ANDREW CAVACOS TRUSTEE 0.50 X 0 0 0 WINSTON CHURCHILL TRUSTEE 0.50 X 0 0 0 JOHN JCURRY TRUSTEE 0.50 X 0 0 0 SHERRI DARDEN TRUSTEE 0.50 X 0 0 0 THOMAS DECKER ESQ TRUSTEE 0.50 X 0 0 0 ROSEMARY ESPANOL TRUSTEE 0.50 X 0 0 0 TAMIKA EVANS TRUSTEE 0.50 X 0 0 0 PETER GOULD TRUSTEE 0.50 X 0 0 0 FRANCES GRAY TRUSTEE 0.50 X 0 0 0 JAMES HIGGINS TRUSTEE 0.50 X 0 0 0 EVE HIGGINBOTHAM TRUSTEE 0.50 X 0 0 0 KATHERINE HOVDE TRUSTEE 0.50 X 0 0 0 DANIEL JOYCE SJ TRUSTEE 0.50 X 0 0 0 KAREN LUCEY TRUSTEE 0.50 X 0 0 0 NYREE LYONS RN TRUSTEE 0.50 X 0 0 0 JOHN MARINACCI TRUSTEE 0.50 X 0 0 0 ROBERT MCALAINE TRUSTEE 0.50 X 0 0 0 BYRON MCCOOK EDD TRUSTEE 0.50 X 0 0 0 MARIE T MCCORMICK TRUSTEE 0.50 X 0 0 0 ALLAN MURPHY TRUSTEE 0.50 X 0 0 0 LOUIS PICHINI TRUSTEE 0.50 X 0 0 0 STEPHEN ANNE RODRIGUEZ IHM TRUSTEE 0.50 X 0 0 0 EILISE ROUSE TRUSTEE 0.50 X 0 0 0 MARGARET RODGERS-SCHMIDT TRUSTEE 0.50 X 0 0 0 ANGELA SCHWARTZ TRUSTEE 0.50 X 0 0 0 DESMOND SHANNON TRUSTEE 0.50 X 0 0 0 SUSAN MARTINELLI-SHEA TRUSTEE 0.50 X 0 0 0 DARYL SHORE TRUSTEE 0.50 X 0 0 0 MARK SOLOMON TRUSTEE 0.50 X 0 0 0 SYLVIA SPECTOR TRUSTEE 0.50 X 0 0 0 RASHEED STEWART TRUSTEE 0.50 X 0 0 0 SHERMAN WASHINGTON TRUSTEE 0.50 X 0 0 0 LAWRENCE WELLS TRUSTEE 0.50 X 0 0 0 ANEKA WILLIAMS TRUSTEE 0.50 X 0 0 0 BRYAN H CARTER PRESIDENT AND CEO 50.00 X 319042 0 50000 CAROLYNN THOMPSON FINANCE DIRECTOR 50.00 X 133016 0 13307 ROB WEINSTEIN VICE PRESIDENT-DEVELOPMENT 50.00 X 155000 0 29835 EDWARD BECKETT VP OF MISSION & MINISTRY 40.00 X 115654 0 12045 ALANA LEE CO-PRINCIPAL 40.00 X 113344 0 11975 836056 0 117162 5 0 1 0 CARDINAL POINT HOMELAND SECURITY PO BOX 204695 DALLAS TX 753204695 SECURITY 198866 ALLAN INDUSTRIES PO BOX 4924 LANCASTER PA 17604 CLEANING 127784 ACE TECHNOLOGY GROUP 1220 VALLEY FORGE ROAD SUITE 29 PHOENIXVILLE PA 19460 MANAGED IT SERVICES 100284 3 14385 78150 892067 4523275 143383 5507877 TUITION & FEES 611600 4167332 4167332 4167332 881637 881637 1584016 117649 1542587 117649 41429 0 41429 41429 251749 78150 170856 80893 80893 2050 0 2050 2050 ARCHDIOCESE WAGE SUBSIDY 611600 27548 27548 ARCHDIOCESE UTILITY SUBSIDY 611600 17208 17208 4229 4229 48985 10730203 4167332 0 1054994 3419828 3419828 643833 643833 3941184 2802199 347475 791510 183652 183652 537742 334978 98310 104454 312070 193383 64910 53777 251206 251206 38252 38252 176151 171929 1946 2276 103625 8982 94643 325800 231132 7277 87391 55041 35301 399 19341 592212 578021 6540 7651 62562 50353 12209 80250 62411 17839 372782 363849 4117 4816 132574 129397 1464 1713 STUDENT ACTIVITIES 73127 73127 MEALS & ENTERTAINMENT 64074 64074 BAD DEBT EXPENSE 36454 36454 EVENT EXPENSE 23117 23117 11425536 8739070 1465729 1220737 1974706 970382 10296268 9528403 1650170 1449470 90563 61329 88666 117802 14291611 7348522 5678605 6943089 15230287 17933776 6774732 8001903 41783997 45006154 1067507 903297 25114 39393 0 75685 1092621 1018375 X 23559083 24413946 17132293 19573833 40691376 43987779 41783997 45006154 -695333 3991736 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30816850 896750 4871506 2238629 34346477 26113428 2094500 3695522 1086600 30816850 27824890 3219966 -3922954 1008474 26113428 22714149 800000 5271266 960525 27824890 21969456 600000 1072627 927934 22714149 0.49900 0.32590 0.17510 0 0 3475850 905237 2570613 8928424 4823357 4105067 1491604 1335785 155819 395733 284143 111590 6943089 SPDR S&P 500 ETF TRUST 5687643 F ISHARES TR MSCI EAFE ETF 2314260 F 8001903 VIVENNE EHRET SCHOLARSHIP FUND 75685 75685 X 11472967 3991736 -3419828 571908 10901059 -170856 -170856 10730203 8176564 170856 170856 8005708 3419828 3419828 11425536 PART V, LINE 4: THE ORGANIZATION HAS AN INVESTMENT COMMITTEE WHICH OVERSEES THE INVESTMENT ADVISORS' INVESTMENT OF ENDOWMENT ASSETS TO PROTECT THE FUTURE PURCHASING POWER OF THE PRINCIPAL OF THE ENDOWED FUNDS AND PROVIDE A SOURCE OF INCOME TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION. INVESTMENT RETURNS THROUGH JUNE 30, 2024, HAVE AVERAGED AN ANNUAL RATE OF RETURN OF 8% FOR THE LAST FIVE YEARS. THE RETURN OBJECTIVE IS TO PRODUCE AN AVERAGE RATE OF RETURN SUFFICIENT TO PRESERVE THE PURCHASING POWER OF THE ENDOWMENT AFTER WITHDRAWALS ARE TAKEN. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. THE INVESTMENT COMMITTEE DETERMINES SPENDING OF THE ORGANIZATION'S PERMANENTLY RESTRICTED NET ASSETS IN ITS INVESTMENT PORTFOLIO WITHIN THE PARAMETERS OF ACT 141 (BETWEEN 2% TO 7% OF ENDOWMENT VALUE). FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, THE INVESTMENT COMMITTEE DETERMINED THE SPENDING RATE TO BE 4.75% AND 4.25%, RESPECTIVELY, OF DONOR-RESTRICTED AND BOARD-DESIGNATED ENDOWMENT FUNDS, INCLUDING UNDERWATER ENDOWMENTS, IN ITS INVESTMENT PORTFOLIO, BASED ON THE INVESTMENT PORTFOLIO'S FAIR VALUE DETERMINED QUARTERLY ON THE LAST TRADING DAY OF EACH CALENDAR QUARTER AND AVERAGED OVER THE 12 QUARTERS THROUGH MARCH 31 OF THE PREVIOUS FISCAL YEAR. PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE TAX BENEFIT OF AN UNCERTAIN TAX POSITION ONLY IF MANAGEMENT DETERMINES THAT IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERIT OF THE POSITION. MANAGEMENT HAS DETERMINED THAT THROUGH JUNE 30, 2024, THE ORGANIZATION DID NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE -3,419,828. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -170,856. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 170,856. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 3,419,828. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 YES, POLICY IS PUBLICIZED THROUGH THE SCHOOL'S MISSION STATEMENT, WEB-SITE AND VARIOUS OTHER FORMS OF COMMUNICATION. GALA 329899 78150 251749 170856 329899 78150 251749 170856 170856 80893 1 GESU STUDENT SCHOLARSHIP AWARDS 404 2586652 3RD PARTY SCHOLARSHIP AWARDS 450 833176 PART I, LINE 2: THE GESU SCHOOL HAS DEFINED ELIGIBILITY REQUIREMENTS AND MAINTAINS ELIGIBILITY RECORDS FOR GRANTS PROVIDED TO THE SCHOOL'S STUDENTS AND GRADUATES OF THE SCHOOL WHO ARE CURRENTLY IN HIGH SCHOOL. IN PROVIDING GRANTS TO STUDENTS OF OTHER SCHOOLS, GESU SCHOOL PROVIDES THEIR GRANT ELIGIBILITY REQUIREMENTS TO THOSE SCHOOLS AND ASKS THOSE SCHOOLS TO DETERMINE ELIGIBLE STUDENTS AND TO MAINTAIN ELIGIBILITY RECORDS IN ORDER TO PRESERVE PRIVACY AND AVOID THE EXPOSURE OF ANY PERSONAL STUDENT INFORMATION. X 0 1 0 0 0 0 0 1 0 BRYAN H CARTER PRESIDENT AND CEO 239042 0 80000 0 0 0 50000 0 0 0 369042 0 0 0 ROB WEINSTEIN VICE PRESIDENT-DEVELOPMENT 155000 0 0 0 0 0 4650 0 25185 0 184835 0 0 0 PART I, LINE 4B THE ORGANIZATION MAINTAINS A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER IRC SECTION 457(F) FOR BRYAN CARTER, PRESIDENT & CEO. DURING CALENDAR YEAR 2023, THE REPORTING ORGANIZATION DEFERED COMPENSATION FOR BRYAN CARTER. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (C). PART I, LINE 7 SCHEDULE J, PART II, COLUMN (B)(II) REPORTS DISCRETIONARY INCENTIVE AMOUNTS THAT WERE APPROVED BY THE BOARD BASED UPON PERFORMANCE. X 7 143383 SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF FORM 990 IS SENT TO ALL BOARD MEMBERS FOR COMMENT AND REVIEW PRIOR TO FILING FORM 990. FORM 990, PART VI, SECTION B, LINE 12C COMMITTEE ON TRUSTEES IS CHARGED WITH THE RESPONSIBILITY OF OVERSEEING CONFLICTS OF INTEREST AMONG THE BOARD MEMBERS AND OFFICERS. THE COMMITTEE CONDUCTS ON-BOARDING TRAINING FOR ALL NEW BOARD MEMBERS DURING WHICH THE SCHOOL'S POLICY ON CONFLICT OF INTEREST IS ADDRESSED. DURING FISCAL YEAR 2024 THE COMMITTEE WAS NOT AWARE OF ANY SITUATIONS OR AFFILIATIONS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST, SUCH AS DOING BUSINESS WITH CLOSE FAMILY MEMBERS; DIRECTING INVESTMENTS THRU WHICH ONE COULD BENEFIT FINANCIALLY; OR ANY OTHER TYPES OF TRANSACTIONS OR RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S SALARY IS REVIEWED BY THE EXECUTIVE COMMITTEE. THE PRESIDENT AND EC REVIEW OTHER OFFICER AND KEY EMPLOYEE COMPENSATION PLANS. IN EACH CIRCUMSTANCE, RELEVANT COMPARATIVE DATA IS USED TO EVALUATE THE COMPENSATION PACKAGE OFFERED. FORM 990, PART VI, SECTION C, LINE 19 GESU SCHOOL INC.'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FINANCIALS STATEMENTS ARE AVAILABLE AT WWW.GESUSCHOOL.ORG. THE GESU SCHOOL SCHOLARSHIP #1 LLC 1700 W THOMPSON ST PHILADELPHIA PA 19121 821368472 TO PARTICIPATE IN THE PENNSYLVANIA CREDIT PROGRAMS PA THE GESU SCHOOL INC EXCLUDED 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0