2026-01-19T09:48:41-06:00 2025-06-30 394917009 MELLOTT ADVISORS LLC 312 WALNUT STREET - SUITE 2500 CINCINNATI OH 452024025 990 2024-07-01 310536666 THE SEVEN HILLS SCHOOL SEVE 5137282400 5400 RED BANK ROAD CINCINNATI OH 452271122 LYNN KROEGER CFO/COO 5137282400 2026-01-15 1 0 GREGORY A DEYHLE P00341594 5132412940 2024 2025-03-06 01:10:19Z LYNN KROEGER 5400 RED BANK ROAD CINCINNATI OH 452271122 49811008 0 X WWW.7HILLS.ORG X 1974 OH SEVEN HILLS ENGAGES HEARTS AND MINDS, GUIDING STUDENTS TO CULTIVATE THEIR UNIQUE CAPACITIES AND PREPARING EACH FOR A MEANINGFUL ROLE IN A RAPIDLY CHANGING WORLD. 28 28 420 87 39186 0 2752768 13912282 31107776 32440864 1076204 303909 1580395 54936 36517143 46711991 6176802 6154579 0 0 21845250 21616882 0 0 1019792 10627319 10972166 38649371 38743627 -2132228 7968364 120394572 135114394 4852054 5593780 115542518 129520614 SEVEN HILLS ENGAGES HEARTS AND MINDS, GUIDING STUDENTS TO CULTIVATE THEIR UNIQUE CAPACITIES AND PREPARING EACH FOR A MEANINGFUL ROLE IN A RAPIDLY CHANGING WORLD. 0 0 24898352 29629114 INSTRUCTIONAL AND STUDENT ACTIVITIES 2045634 2016514 AUXILIARY SERVICES - BOOKSTORE, TRANSPORTATION, FOOD SERVICE, DAYCARE AND SUMMER SCHOOL 6154579 6154579 FINANCIAL AID 33098565 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 70 0 1 420 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X LYNN KROEGER 5137282400 5400 RED BANK ROAD CINCINNATI OH 45227 MAX SCHIMBERG TRUSTEE 2.00 X 0 0 0 RACHEL ROWE TRUSTEE 2.00 X 0 0 0 DAVID MAXWELL TRUSTEE 2.00 X 0 0 0 ERIN SNELTING PARENT COMMUNITY REPRESENTATIVE 2.00 X 0 0 0 ANNA TOPALIDIS TRUSTEE 2.00 X 0 0 0 PRIYA SHAHANI TRUSTEE 2.00 X 0 0 0 JAMES LEE TRUSTEE 2.00 X 0 0 0 NOLAN BEAN TRUSTEE 2.00 X 0 0 0 KIMBERLY JACKSON TRUSTEE 2.00 X 0 0 0 PETER CHA MD TRUSTEE 2.00 X 0 0 0 ALANA PEPPER TRUSTEE 2.00 X 0 0 0 THOMAS CHARLES GARBER TRUSTEE 2.00 X 0 0 0 CHUCK MINGO TRUSTEE 2.00 X 0 0 0 HEATHER VECELLIO TRUSTEE 2.00 X 0 0 0 ELIZABETH YORK SCHIFF LIFE TRUSTEE 2.00 X 0 0 0 JAMES A SCHIFF LIFE TRUSTEE 2.00 X 0 0 0 GABE DAVIS ALUMNI REPRESENTATIVE 2.00 X 0 0 0 KELLI STEIN TRUSTEE 2.00 X 0 0 0 JOHN ATKINSON TRUSTEE 2.00 X 0 0 0 MEREDITH FICKS TRUSTEE 2.00 X 0 0 0 JOSH MARTIN TRUSTEE 2.00 X 0 0 0 TERRANCE J PORTER TRUSTEE 2.00 X 0 0 0 SAMIR SHAH MD MSCE TRUSTEE 2.00 X 0 0 0 LAIR KENNEDY CHAIR AND PRESIDENT 2.00 X 0 0 0 LAURENT HUGUENIN VICE-CHAIR 2.00 X 0 0 0 ANGIE APPLE TREASURER 2.00 X 0 0 0 AMY DEWITT VICE-CHAIR 2.00 X 0 0 0 SAMIR KULKARNI SECRETARY 2.00 X 0 0 0 MATTHEW BOLTON HEAD OF SCHOOL 40.00 X 275341 0 17117 LYNN KROEGER CHIEF FINANCIAL OFFICER/CH 40.00 X 187211 0 9600 MARGO KIRSTEIN DIRECTOR OF DEVELOPMENT 40.00 X 219959 0 17536 TRACY MURCH HEAD OF DOHERTY SCHOOL 40.00 X 168795 0 8405 WILLIAM WASKOWITZ FORMER HEAD OF MIDDLE SCHOOL 40.00 X 266506 0 8607 SUSAN MILLER HEAD OF LOTSPEICH SCHOOL 40.00 X 167683 0 3743 LILLIAN ANN MARASCO DIRECTOR OF HUMAN RESOURCES 40.00 X 110075 0 9003 JOHN BROOKS ASSISTANT DIRECTOR OF OPERATIONS AND FINANCE 40.00 X 117994 0 7823 JANET HILL DIRECTOR OF ENROLLMENT MAN 40.00 X 149009 0 12161 SCOTT CAGLE FORMER DIRECTOR OF TECHNOLOGY 40.00 X 130544 0 10616 ANTHONY WILLARD FORMER ATHLETIC DIRECTOR 40.00 X 115386 0 5896 CHRISTOPHER P GARTEN FORMER HEAD OF SCHOOL 40.00 X 806366 0 22304 2714869 0 132811 12 1 1 0 BUD JONES AND SONS INC 5250 FIELDS ERTEL ROAD SHARONVILLE OH 452411276 418125 ANAGO OF GREATER CINCINNATI 6355 E KEMPER RD STE 250 CINCINNATI OH 45241 367117 CAROL BRUGGEMEYER 2721 EBENEZER ROAD CINCINNATI OH 45233 137613 3 1164088 12748194 1309895 13912282 TUITION AND FEES 611710 30067455 30067455 AUXILIARY 611710 2016514 2016514 OTHER SOURCES 611710 356895 356895 32440864 1107587 1107587 39186 0 39186 39186 39186 2295339 2288031 810986 7308 -810986 -803678 -810986 7308 BAD DEBT/RECOVERY ON UNCONDITIONA 611710 15750 15750 15750 46711991 31645628 39186 1114895 6154579 6154579 1018989 611819 187211 219959 15872610 13935259 1669574 267777 912596 781326 111605 19665 2600401 2226353 318015 56033 1212286 1037908 148256 26122 6580 6580 57550 57550 72896 72896 299556 299556 568498 362966 205532 302000 14072 247708 40220 57216 45831 5607 5778 56738 51801 4937 2653299 2471122 182177 317658 317658 MATERIAL AND SUPPLIES 2185849 1840545 213786 131518 REPAIRS AND MAINTENANCE 1711244 1579772 131472 UTILITIES 735911 691756 44155 MISCELLANEOUS 593130 532030 18849 42251 1354041 1176193 177848 38743627 33098565 4625270 1019792 19393001 16343732 1962439 10372367 281902 129687 40000 30000 25979 28715 162700 189556 85964781 33909264 51578220 52055517 46725746 55761274 224585 203546 120394572 135114394 2948298 2847632 1903756 2746148 4852054 5593780 X 75433002 78383026 40109516 51137588 115542518 129520614 120394572 135114394 X 7968364 6000771 8961 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46365915 189802 5656044 1780293 50431468 42957666 457954 4694149 1743854 46365915 41106717 915685 2570236 1634972 42957666 44151836 2016047 -3507776 1553390 41106717 36517237 170528 9070448 1606377 44151836 0.31390 0.68610 0 0 3375823 3375823 68256016 24517052 43738964 288586 125775 162811 14044356 9266437 4777919 52055517 DEPOSITS 1450000 TUITION AND FEES RECEIVED IN ADVANCE OF SCHOOL YEAR 1296148 2746148 X 46267588 6000771 8961 6009732 40257856 299556 6154579 6454135 46711991 32289492 0 32289492 299556 6154579 6454135 38743627 PART V, LINE 4: THE ORGANIZATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPTS TO PROVIDE FOR ANNUAL SPENDING DISTRIBUTIONS TO SUPPORT EDUCATIONAL INITIATIVES AT THE ORGANIZATION, AND TO PROVIDE FINANCIAL SECURITY, AS WELL AS PRESERVE THE LONG-TERM PURCHASING POWER OF THE ENDOWMENT WITHOUT UNDUE EXPOSURE TO PERMANENT LOSS OF CAPITAL. ENDOWMENT ASSETS INCLUDE THOSE ASSETS WITH DONOR RESTRICTIONS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S), AND WITHOUT DONOR RESTRICTED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO ACHIEVE RETURNS IN EXCESS OF THE RATE OF INFLATION OVER THE INVESTMENT HORIZON, ACHIEVE A BALANCED RETURN OF CURRENT INCOME AND MODEST GROWTH OF PRINCIPAL, MINIMIZE THE PROBABILITY OF LOSS OF PRINCIPAL OVER THE INVESTMENT HORIZON, AND ENSURE THE ABILITY TO MEET ALL EXPECTED OR UNEXPECTED CASH FLOW NEEDS. THE ORGANIZATION RECOGNIZES THE IMPORTANCE OF PRESERVATION OF CAPITAL BUT ALSO RECOGNIZES THAT SOME RISK IS NECESSARY TO PRODUCE LONG-TERM INVESTMENT RESULTS THAT ARE SUFFICIENT TO MEET THE ENDOWMENT'S OBJECTIVES. HOWEVER, THE ORGANIZATION EMPHASIZES THAT INVESTMENT MANAGERS ARE TO MAKE REASONABLE EFFORTS TO CONTROL RISK, AND WILL BE EVALUATED REGULARLY TO ENSURE THAT THE RISK ASSUMED IS COMMENSURATE WITH THE GIVEN INVESTMENT STYLE AND OBJECTIVES. INVESTMENT MANAGERS ARE EXPECTED TO ADHERE TO THE INVESTMENT MANAGEMENT STYLES FOR WHICH THEY WERE HIRED AND WILL BE EVALUATED REGULARLY FOR ADHERENCE TO INVESTMENT DISCIPLINE. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CONTRIBUTIONS TO THE SCHOOL QUALIFY AS CHARITABLE DEDUCTIONS. HOWEVER, THE SCHOOL IS SUBJECT TO FEDERAL INCOME TAX ON UNRELATED BUSINESS INCOME FROM THE RENTAL OF ITS RESIDENTIAL PROPERTIES OWNED BY THE SCHOOLS SUBSIDIARY. THERE WAS NO TAX CHARGED AGAINST CURRENT OPERATIONS. IN THE NORMAL COURSE OF BUSINESS, THE ORGANIZATION IS SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES. ALTHOUGH THE OUTCOME OF TAX AUDITS IS ALWAYS UNCERTAIN, THE ORGANIZATION BELIEVES THAT THERE ARE NO SIGNIFICANT UNRECOGNIZED TAX LIABILITIES AT JUNE 30, 2025. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN VALUE OF BENEFICIAL INTEREST IN REMAINDER TRUST 8,640. INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 321. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 6,154,579. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 6,154,579. 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SEVEN HILLS SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN THE LOCAL NEWSPAPER AND THROUGH VARIOUS SCHOOL PUBLICATIONS. SCHEDULE E, PART I, LINE 6 THE SEVEN HILLS SCHOOL RECEIVES STATE OF OHIO AUXILIARY SERVICES FUNDS, REIMBURSEMENT OF ADMINISTRATIVE COSTS, EMERGENCY ASSISTANCE TO NONPUBLIC SCHOOLS FUNDING, AND EMPLOYEE RETENTION CREDIT SUPPORT. 1 FINANCIAL AID 412 6154579 BOOK PART 1, LINE 2: FINANCIAL AID IS AWARDED BASED ON FINANCIAL NEED. THE FINANCIAL ASSISTANCE COMMITTEE REVIEWS THE APPLICATIONS TO DETERMINE ELIGIBILITY. X X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER P GARTEN FORMER HEAD OF SCHOOL 264160 0 0 0 542206 0 22304 0 0 0 828670 0 0 0 MATTHEW BOLTON HEAD OF SCHOOL 262612 0 0 0 12729 0 17117 0 0 0 292458 0 0 0 WILLIAM WASKOWITZ FORMER HEAD OF MIDDLE SCHOOL 169564 0 0 0 96942 0 8607 0 0 0 275113 0 0 0 MARGO KIRSTEIN DIRECTOR OF DEVELOPMENT 204959 0 0 0 15000 0 17536 0 0 0 237495 0 0 0 LYNN KROEGER CHIEF FINANCIAL OFFICER/CH 187211 0 0 0 0 0 9600 0 0 0 196811 0 0 0 TRACY MURCH HEAD OF DOHERTY SCHOOL 168795 0 0 0 0 0 8405 0 0 0 177200 0 0 0 SUSAN MILLER HEAD OF LOTSPEICH SCHOOL 157513 0 0 0 10170 0 3743 0 0 0 171426 0 0 0 JANET HILL DIRECTOR OF ENROLLMENT MAN 149009 0 0 0 0 0 12161 0 0 0 161170 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS IS PROVIDED FOR SCHOOL RELATED FUNCTIONS ONLY. EXPENDITURES FROM THE DISCRETIONARY SPENDING ACCOUNT ARE APPROVED THROUGH THE NORMAL CASH DISBURSEMENTS PROCESS. HEALTH AND SOCIAL CLUB DUES ARE PROVIDED AS A MEANS TO STAY IN CONTACT WITH PARENTS AND ALUMNI OF THE SCHOOLS. X 26 1123395 FAIR MARKET VALUE X PROFESSIONAL SERVICES 1 186500 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL BE THE FOLLOWING INDIVIDUALS: (1) THE PERSONS CURRENTLY SERVING AS TRUSTEES OF THE SEVEN HILLS SCHOOL (THE "SCHOOL"); (2) THE PERSONS CURRENTLY SERVING AS THE OFFICERS OF THE SCHOOL; (3) EACH PARENT, OR GUARDIAN OF A CHILD OR CHILDREN CURRENTLY ENROLLED IN THE SCHOOL; (4) EACH PERSON 18 YEARS OR OLDER WHO HAS ATTENDED THE SCHOOL (OR A PREDECESSOR SCHOOL); (5) EACH PERSON WHO HAS CONTRIBUTED FINANCIALLY TO THE SCHOOL DURING ITS CURRENT FISCAL YEAR OR ONE OF THE PRIOR TWO FISCAL YEARS; (6) EACH PERSON UPON WHOM THE BOARD OF TRUSTEES CONFERS THE STATUS OF LIFETIME MEMBER; AND (7) EACH PERSON WHO IS SERVING AS A MEMBER OF THE SEVEN HILLS SCHOOL ADVISORY BOARD. FORM 990, PART VI, SECTION B, LINE 11B AS PART OF ITS SCHEDULED GOVERNANCE PRACTICES, THE ORGANIZATION'S FINANCE COMMITTEE REVIEWS THE FORM 990 IN ITS ENTIRETY WITH THE HEAD OF SCHOOL, AND THE SCHOOL'S DIRECTOR OF FINANCE AND OPERATIONS. THE ORGANIZATION'S AUDITING FIRM WILL BE PRESENT TO ANSWER ANY QUESTIONS THAT THE FINANCE COMMITTEE WANTED ANSWERED DIRECTLY BY THE AUDITORS. AT THE FULL BOARD OF TRUSTEE MEETING, COPIES OF THE FORM 990 WILL BE DISTRIBUTED TO ALL ATTENDEES AND THEN REVIEWED IN DETAIL. EITHER THE DIRECTOR OF FINANCE AND OPERATIONS OR THE CHAIR OF THE FINANCE COMMITTEE WILL ANSWER QUESTIONS REGARDING THE FORM. THE BOARD IS AGAIN MADE AWARE THAT THE 990 IS A FORM THAT MUST BE FILED EVERY YEAR WITH THE FEDERAL GOVERNMENT IN ORDER TO MAINTAIN THE ORGANIZATION'S NON-PROFIT, 501(C)(3) STATUS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND FORMS WERE DISTRIBUTED, VIA E-MAIL, ALONG WITH OTHER BOARD MATERIAL PRIOR TO THE FIRST BOARD OF TRUSTEE MEETING OF THE SCHOOL YEAR. THE POLICY WAS ALSO POSTED ON THE BOARD OF TRUSTEES WIKI. ALL VOTING MEMBERS ALONG WITH THE HEAD OF SCHOOL WERE ASKED TO SIGN. THE FORMS WERE COLLECTED AT THE SEPTEMBER BOARD MEETING AND ARE BEING STORED BY THE HEAD OF SCHOOL'S ADMINISTRATIVE ASSISTANT. THE CONFLICT OF INTEREST POLICY ADDRESSES DIRECTLY THE STEPS TO BE TAKEN WHEN DEALING WITH A POTENTIAL OR ACTUAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 (A) THE HEAD OF SCHOOL SALARY IS DETERMINED BY THE HEAD OF SCHOOL REASONABLE COMPENSATION POLICY, IN WHICH, THE PRESIDENT OF THE BOARD OF TRUSTEES AND MEMBERS OF THE EXECUTIVE COMMITTEE MEET TO DISCUSS THE INFORMATION GATHERED. ON A YEARLY BASIS THE SCHOOL COLLECTS DATA FROM REGIONAL INDEPENDENT SCHOOL ORGANIZATIONS, SUCH AS INDEPENDENT SCHOOLS ASSOCIATION OF THE CENTRAL STATES (ISACS) AND OHIO ASSOCIATION OF INDEPENDENT SCHOOLS (OAIS), TO BENCHMARK HOW THE SEVEN HILLS SCHOOL IS IN RELATION TO THESE OTHER INSTITUTIONS IN REGARD TO SALARIES FOR ITS HEAD OF SCHOOL. ADDITIONALLY, THE ORGANIZATION WILL REVIEW SIMILAR DATA WITH PUBLIC SCHOOLS IN THE AREA AS WELL AS WITH THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) WEBSITE DATABASE. (B) THE SAME PROCESS IS USED TO REVIEW THE OTHER KEY ADMINISTRATORS, BUT THIS PROCESS IS DONE THROUGH THE HEAD OF SCHOOL. ONCE THE INFORMATION IS COLLECTED A REVIEW OF THE EMPLOYEES DUTIES AND JOB PERFORMANCE ARE PART OF AN OVERALL DISCUSSION OF WHAT THE INDIVIDUAL'S COMPENSATION SHOULD BE FOR THE FORTHCOMING FISCAL YEAR. BASED UPON THE BUDGET FOR THE UPCOMING FISCAL YEAR, DEPARTMENTAL HEADS THEN MAKE A RECOMMENDATION TO THE HEAD OF SCHOOL FOR FINAL CONTRACT SPECIFICATIONS INCLUDING DUTIES AND SALARIES. THE HEAD OF SCHOOL HAS FINAL AUTHORITY TO MAKE ALL SALARY AND JOB DUTY DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: INCREASE IN VALUE OF BENEFICIAL INTEREST IN REMAINDER TRUST 8,640. INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 321. HILLSDALE LAND COMPANY LLC 5400 RED BANK ROAD CINCINNATI OH 45227 310536666 RENTAL OF RESIDENTIAL PROPERTY OH 39186 338782