2026-05-04T07:31:27-05:00 2025-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2024-07-01 250965561 SHADY SIDE ACADEMY SHAD 4129683137 423 FOX CHAPEL ROAD PITTSBURGH PA 152382296 AMY SZLACHETKA VP OF FINANCE 4129683137 2026-04-30 1 0 SARAH R PIOT P01358891 4122613644 2024 2025-03-06 01:10:19Z BARTLEY P GRIFFITH 423 FOX CHAPEL ROAD PITTSBURGH PA 152382296 74657702 0 X WWW.SHADYSIDEACADEMY.ORG X 1885 PA PROVIDES EDUCATION TO STUDENTS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 25 21 594 44 2604 0 5398934 6305703 41606980 45890928 4989047 4580215 1248 11129 51996209 56787975 5792986 5586794 0 0 28962824 30849729 0 0 768513 15841227 16468854 50597037 52905377 1399172 3882598 155133986 167410614 18832730 20459600 136301256 146951014 X SHADY SIDE ACADEMY OFFERS AN EXCEPTIONAL PRE-K THROUGH TWELFTH GRADE ACADEMIC AND BALANCED EDUCATIONAL EXPERIENCE BY CHALLENGING EACH STUDENT TO REALIZE HIS OR HER POTENTIAL IN A STIMULATING AND NURTURING ENVIRONMENT. 0 0 33987562 5586794 41255348 INSTRUCTIONAL:FOUNDED IN 1883, SHADY SIDE ACADEMY'S PRIMARY PROGRAM SERVICE IS THE EDUCATION OF STUDENTS IN PRE-KINDERGARTEN THROUGH GRADE 12 IN A COED SCHOOL ENVIRONMENT, WITH AN OPTIONAL BOARDING EXPERIENCE IN HIGH SCHOOL. WE OFFER PITTSBURGH-AREA FAMILIES FOUR CAMPUSES, INCLUDING THE CHOICE BETWEEN TWO ELEMENTARY SCHOOLS (PK-5): THE COUNTRY DAY SCHOOL IN FOX CHAPEL, NESTLED IN THE NORTH SUBURBS, AND THE JUNIOR SCHOOL IN POINT BREEZE, LOCATED IN THE HEART OF THE CITY'S EAST END. OUR MIDDLE SCHOOL (6-8) AND SENIOR SCHOOL (9-12) CAMPUSES ARE BOTH LOCATED IN SUBURBAN FOX CHAPEL AND DRAW STUDENTS FROM ACROSS THE REGION. IN JANUARY 2026, THE ACADEMY CONSOLIDATED FROM FOUR CAMPUSES TO THREE.THE ACADEMY ENROLLED APPROXIMATELY 1,265 STUDENTS ACROSS ALL FOUR CAMPUSES DURING THE 2024/2025 ACADEMIC YEAR. THE ACADEMY'S MISSION IS TO CHALLENGE STUDENTS TO THINK EXPANSIVELY, ACT ETHICALLY AND LEAD RESPONSIBLY. INSPIRED BY THIS MISSION, SHADY SIDE'S DRIVING PURPOSE REMAINS THE DEVELOPMENT OF RESPONSIBLE, TRANSFORMATIVE LEADERS FOR THE CITY OF PITTSBURGH AND BEYOND. THIS REASON FOR EXISTING WAS EMBEDDED AT OUR INCEPTION. WE DELIVER ON OUR MISSION BY CREATING A UNIQUE AND VALUABLE EDUCATION FOR FAMILIES AND BRIGHT, CURIOUS STUDENTS WHO WANT SMALL CLASSES AND BIG OPPORTUNITIES, DESIRE A BALANCED AND INFORMED WORLDVIEW, AND WHO SEEK REAL-WORLD LEARNING AND TO BECOME THE LEADERS OF A CONNECTED, DIGITAL FUTURE.SHADY SIDE IS INTIMATE ENOUGH TO KNOW, SUPPORT AND CARE FOR INDIVIDUAL LEARNERS, BUT ALSO LARGE ENOUGH TO OFFER A PROGRAM WHERE ALL STUDENTS CAN FIND THEIR PLACE TO CONNECT, LEAD, AND SUCCEED, OFTEN ON THE BIGGEST STAGE AND UNDER THE BRIGHTEST LIGHTS. SHADY SIDE PAIRS WESTERN PENNSYLVANIA'S MOST GEOGRAPHICALLY DIVERSE STUDENT BODY (125 ZIP CODES, 14 STATES AND FOUR COUNTRIES) WITH A BROAD AND BALANCED CURRICULUM, CHALLENGING STUDENTS WHO SEE THE WORLD IN REMARKABLY DIFFERENT WAYS TO ENGAGE IN A DIALOGUE THAT IS ESSENTIAL TO EXPANSIVE THOUGHT AND RESPONSIBLE LEADERSHIP. WE EMPOWER OUR STUDENTS TO ENGAGE CONFIDENTLY IN CIVIL DISCOURSE AND FOSTER PRODUCTIVE RELATIONSHIPS THAT PROMOTE UNITY AND BRIDGE DIVIDES BOTH LOCALLY AND GLOBALLY.AS PITTSBURGH CONTINUES TO EVOLVE AS A HUB FOR TECHNOLOGY, RESEARCH, AND DESIGN, SSA HAS MADE STRATEGIC INVESTMENTS IN THESE AREAS AND NOW HAS THE DISTINCTIVE OPPORTUNITY TO DEVELOP LEADERS AT THE EXPANDING NEXUS OF TECHNOLOGY AND THE LIBERAL ARTS. THE ACADEMY HAS THE CAPACITY TO PROVIDE OUR STUDENTS WITH REAL-WORLD LEARNING EXPERIENCES THAT WILL PREPARE THEM TO BECOME ETHICAL, HUMANE LEADERS IN A RAPIDLY CHANGING WORLD. TO FURTHER ENHANCE THESE THREE UNIQUE POINTS OF VALUE, SHADY SIDE CONTINUES TO MAKE APPROPRIATE INVESTMENTS IN THE PEOPLE, PROGRAM, AND PLACES THAT BRING OUR MISSION AND STRATEGY TO LIFE FOR STUDENTS. AT SHADY SIDE, WE MAKE ROOM FOR STUDENTS TO MAKE THEIR MOVE. WE BELIEVE LEARNING SHOULD BE EXPANSIVE AND EXCITING FOR STUDENTS, SO THEY CAN BE THE ARCHITECTS OF THEIR OWN ADVENTURE. WE EMPOWER TEACHERS WHO LOVE TEACHING, SO STUDENTS CAN FEEL JOY IN EVERY CLASSROOM. WE GO BEYOND STANDARD EDUCATION, SO GRADUATES WILL BE READY FOR COLLEGE AND EVERYTHING AFTER. WE MOVE WITH THE WORLD, SO OUR STUDENTS CAN TOO. ATHLETICS: ALL SHADY SIDE ACADEMY STUDENTS ARE OFFERED A WIDE RANGE OF PHYSICAL ACTIVITIES THROUGHOUT THE SCHOOL YEAR TO ENCOURAGE HEALTHY CHOICES, DEVELOP SKILLS AND LEARN THE IMPORTANCE OF SPORTSMANSHIPSHADY SIDE IS INTIMATE ENOUGH TO KNOW, SUPPORT AND CARE FOR INDIVIDUAL LEARNERS, BUT ALSO LARGE ENOUGH TO OFFER A PROGRAM WHERE ALL STUDENTS CAN FIND THEIR PLACE TO CONNECT, LEAD, AND SUCCEED, OFTEN ON THE BIGGEST STAGE AND UNDER THE BRIGHTEST LIGHTS. 2897632 2538775 AUXILIARY SERVICES:-RESIDENTIAL LIFE PROGRAM: THE ACADEMY OPERATES A FIVE AND SEVEN DAY BOARDING PROGRAM. IN THE 2024/2025 ACADEMIC YEAR, THERE WERE APPROXIMATELY 68 SENIOR SCHOOL STUDENT BOARDERS. THE STUDENTS ARE HOUSED IN ACADEMY DORMITORIES LOCATED ON THE SENIOR SCHOOL CAMPUS. ADMINISTRATORS AND TEACHERS OVERSEE AND OPERATE THE RESIDENTIAL LIFE PROGRAM.SEE CONTINUATION ON SCHEDULE O.-AFTER SCHOOL PROGRAM: OUR UNIQUE AFTER SCHOOL PROGRAM THAT RUNS FROM 3-6 P.M., MONDAY THROUGH FRIDAY AT OUR JUNIOR AND COUNTRY DAY SCHOOLS FOR GRADES PRE-K-5. STUDENTS RECEIVE A FUN AND ENGAGING EXPERIENCE THAT CAN BE CUSTOMIZED TO FIT THEIR INDIVIDUAL NEEDS AND INTERESTS. OPTIONS INCLUDE ENRICHMENT CLASSES, MUSIC LESSONS, STUDY CENTER, UNSTRUCTURED PLAY, ORGANIZED GAMES AND MORE.-FOOD SERVICE: THE DAY STUDENTS AT THE ACADEMY ARE SERVED LUNCH AND STUDENTS WHO PARTICIPATE IN THE ACADEMY RESIDENTIAL LIFE PROGRAM ARE SERVED BREAKFAST, LUNCH AND DINNER.-SPIRIT STORE: THE STORE IS LOCATED ON THE SENIOR SCHOOL CAMPUS OF THE ACADEMY AND OFFERS INDIVIDUALS THE OPPORTUNITY TO PURCHASE ACADEMY APPAREL AND ACCESSORIES, AS WELL AS SCHOOL SUPPLIES. ORDERS CAN ALSO BE PLACED ONLINE THROUGH THE ACADEMY SPIRIT STORE WEBSITE.-YOUTH HOCKEY PROGRAMMING: THE ACADEMY OFFERS YOUTH HOCKEY PROGRAMS AT THE ROY MCKNIGHT HOCKEY CENTER ON CAMPUS, ENGAGING APPROXIMATELY 200 LOCAL AND SCHOOL STUDENTS EACH YEAR. THE PROGRAMS ARE OVERSEEN AND OPERATED BY THE ACADEMY'S HOCKEY DIRECTORS AND COACHING STAFF.-TRANSPORTATION OF STUDENTS 1118748 1574771 SUMMER PROGRAMS:SHADY SIDE ACADEMY SUMMER EXTENDS THE RELATIONAL LEARNING AND ROBUST OPPORTUNITIES THAT ARE UNIQUE TO SHADY SIDE ACADEMY DURING THE SCHOOL YEAR, LONG INTO THE SUMMER MONTHS. AFTER THE SCHOOL YEAR ENDS, SUMMER CAMP IS OFFERED FOR STUDENTS WHO ARE ENTERING PRE-K THROUGH 12TH GRADE THE FOLLOWING SCHOOL YEAR. THE SUMMER CAMPS PROVIDE CAMPERS THE OPPORTUNITY TO DISCOVER NEW PASSIONS, HONE EXISTING TALENTS, AND FORGE NEW FRIENDSHIPS. SEE CONTINUATION ON SCHEDULE O.IN ADDITION TO THE TRADITIONAL DAY CAMPS OFFERED AT THE ACADEMY'S JUNIOR SCHOOL AND SENIOR SCHOOL CAMPUSES, THE FOLLOWING CAMPS ARE OFFERED:-SPORTS CAMP IS OFFERED TO CAMPERS ENTERING GRADES KINDERGARTEN THROUGH 8TH AT THE ACADEMY'S SENIOR SCHOOL CAMPUS. THIS COED CAMP WELCOMES CAMPERS OF ALL ABILITY LEVELS, FROM BEGINNERS WHO WANT TO TRY A SPORT FOR THE FIRST TIME, TO INTERMEDIATE CAMPERS WHO ARE LOOKING TO ENHANCE THEIR SKILLS. -FOCUS CAMP IS OFFERED TO CAMPERS ENTERING GRADES KINDERGARTEN THROUGH 5TH AT THE ACADEMY'S SENIOR SCHOOL CAMPUS. FOCUS CAMP PROVIDES CAMPERS WITH THE OPPORTUNITY TO LEARN SPECIFIC SKILLS TO FURTHER DEVELOP THEIR MIND, BODY, AND SPIRIT.-STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH) CAMP IS OFFERED TO CAMPERS ENTERING GRADES 3RD THROUGH 8TH. THIS CAMP IS OFFERED IN OUR STATE-OF-THE-ART GLIMCHER TECH & DESIGN HUB LOCATED ON THE ACADEMY'S SENIOR SCHOOL CAMPUS. 38003942 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 1 1 0 0 0 1 48 0 1 594 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 21 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X AMY SZLACHETKA VP OF FINANCE 4129683137 423 FOX CHAPEL ROAD PITTSBURGH PA 15238 X ROBERT S MULLIN CHAIR OF THE BOARD 3.50 0.00 X X 0 0 0 JONATHAN M KAMIN PAST CHAIR OF THE BOARD 3.50 0.00 X X 0 0 0 THOMAS KARET VICE CHAIR FOR BUILDINGS AND GROUNDS 3.50 0.00 X X 0 0 0 WILLIAM GENERETT JR VICE CHAIR FOR COMMUNITY LIFE 3.50 0.00 X X 0 0 0 JOYCE FU VICE CHAIR FOR DEVELOPMENT 3.50 0.00 X X 0 0 0 MICHAEL HAGGERTY VICE CHAIR OF FINANCE, TREASURER 3.50 0.00 X X 0 0 0 NICOLLE BAGNELL TRUSTEE 3.50 0.00 X 0 0 0 LARA PATRINOS BENTZ TRUSTEE 3.50 0.00 X 0 0 0 JAMES S BERNIER TRUSTEE 3.50 0.00 X 0 0 0 BART BRUSH TRUSTEE 3.50 0.00 X 0 0 0 DAVID GRUBMAN TRUSTEE 3.50 0.00 X 0 0 0 LISA HALEY TRUSTEE 3.50 0.00 X 0 0 0 MELISSA MAXWELL KAWAI TRUSTEE 3.50 0.00 X 0 0 0 GREGORY L LIGNELLI TRUSTEE 3.50 0.00 X 0 0 0 MARGO LITWIN TRUSTEE 3.50 0.00 X 0 0 0 DOUGLAS G MANCOSH TRUSTEE 3.50 0.00 X 0 0 0 CAITLIN MCLAUGHLIN TRUSTEE 3.50 0.00 X 0 0 0 WHITNEY MENARCHECK TRUSTEE 3.50 0.00 X 0 0 0 PRADEEP NARAYAN TRUSTEE 3.50 0.00 X 0 0 0 SLOAN OVERSTROM TRUSTEE 3.50 0.00 X 0 0 0 JOSEPH RESCHINI TRUSTEE 3.50 0.00 X 0 0 0 ANDREW ROSS TRUSTEE 3.50 0.00 X 0 0 0 MIRIAM SHAPIRA TRUSTEE 3.50 0.00 X 0 0 0 HENRY STAFFORD TRUSTEE 3.50 0.00 X 0 0 0 MAURICIO ULLOA TRUSTEE 3.50 0.00 X 0 0 0 BARTLEY P GRIFFITH JR PRESIDENT 50.00 0.00 X 672115 0 224475 AMY SZLACHETKA VP OF FINANCE 50.00 0.00 X 193000 0 14305 DEBRA MAUDER SECRETARY OF THE BOARD 40.00 0.00 X 122766 0 16532 ROSALYND SABUNDAYO SENIOR SCHOOL - HEAD OF SCHOOL 40.00 0.00 X 179921 0 124946 JENNIFER ASMONGA HEAD OF COUNTRY DAY SCHOOL 40.00 0.00 X 172484 0 19633 MICHELLE MERSON HEAD OF SCHOOL 40.00 0.00 X 164559 0 104592 TIMOTHY WINNER DIRECTOR OF ED. TECHNOLOGY 40.00 0.00 X 154383 0 21530 PAUL FRANCIONI DIRECTOR OF FACILITIES 40.00 0.00 X 137480 0 17140 BAREARA SULLIVAN CHIEF ENROLLMONT OFFICER 40.00 0.00 X 130925 0 31955 SEAN SIMMONS DIRECTOR OF ATHLETICS 40.00 0.00 X 126876 0 69144 JAMIE SCOTT CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 124669 0 96773 DIANA TOOLE CHIEF MARKETING SCHOOL 40.00 0.00 X 106501 0 26344 2285679 0 767369 32 0 1 0 PJ DICK INC PO BOX 6774 PITTSBURGH PA 152120774 REAL ESTATE/CONSTRUCTION 11620283 METZ CULINARY MANAGEMENT LLC TWO WOODLAND DRIVE DALLAS PA 186129159 FOOD SERVICE/CATERING 2643681 GAZCO MECHANICAL SERVICES LLC 317 N WARREN AVENUE APOLLO PA 156132303 REPAIRS/MAINTENANCE 668698 ABC TRANSIT INC 4242 WILLIAM FLYNN HIGHWAY ALLISON PARK PA 151011415 BUS/VAN LEASES & TRANSPORT. SERVICES 612994 STRADA ARCHITECTURE LLC 611 WILLIAM PENN PLACE STE 700 PITTSBURGH PA 152196926 ARCHITECTURAL SERVICES 432491 19 6305703 150479 6305703 TUITION AND FEES 900099 41255348 41255348 AUXILIARY SERVICES 900099 3060809 2538775 522034 SUMMER PROGRAMS 900099 1574771 1574771 45890928 2048379 2604 2045775 20284456 17681091 71529 2603365 -71529 2531836 2531836 128236 117107 11129 11129 56787975 45368894 2604 5110774 5534287 5534287 52507 52507 1827765 745595 910176 171994 20171412 13648961 6191523 330928 1125419 783983 318668 22768 6133322 4953325 1116932 63065 1591811 1055925 498043 37843 71017 71017 73775 73775 398929 398929 597090 597090 394999 336501 22501 35997 3083353 2369225 697413 16715 751591 608601 142990 3968265 2747211 1221054 653012 616317 2887 33808 11556 11556 323029 323029 2872940 2298352 574588 381684 381684 SUMMER PROGRAMS 1130523 1130523 BUILDINGS AND GROUNDS 1096101 12022 1084079 COMMUNITY EVENTS 209397 153773 229 55395 PROFESSIONAL DEVELOPMEN 196363 188648 7715 255230 171096 84134 52905377 38003942 14132922 768513 3158884 4517841 14682172 10543405 6172222 1837794 576793 506901 128359 97232 323446 298043 105197633 48286077 43582815 56911556 68417696 72875028 17542060 19452883 549539 369931 155133986 167410614 3227061 3984678 2743481 3854374 6057800 5508040 6804388 7112508 18832730 20459600 X 45078223 58276102 91223033 88674912 136301256 146951014 155133986 167410614 3882598 6767160 0 X 0 1 X 1 0 X 8534273 9786253 19134631 5398934 6305703 49159794 8534273 9786253 19134631 5398934 6305703 49159794 18036685 31123109 1513246 1233483 2661397 2284946 2048379 9741451 58901245 195383595 0.52840 0.53390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 81617037 653378 10287051 1862797 2086747 88607922 74764663 812580 9924707 1836259 2048654 81617037 70891932 510837 7016437 1681658 1972885 74764663 78933911 2040243 -7047380 1411991 1622851 70891932 61283247 355424 20342623 1269605 1777778 78933911 0.00000 1.00000 0.00000 0 0 501372 501372 81473333 34454834 47018499 4098182 682897 3415285 9998095 7825657 2172438 9126651 5322689 3803962 56911556 ALTERNATIVE INVESTMENTS 19452883 F 19452883 ANNUITIES PAYABLE 6672029 LEASE PAYABLE 440479 7112508 X 57802030 6767160 -5586794 1180366 56621664 398928 -232617 166311 56787975 47152272 232617 232617 46919655 398928 5586794 5985722 52905377 PART III, LINE 4: SHADY SIDE ACADEMY MAINTAINS ARCHIVES OF OLD PHOTOS AND SCHOOL RECORDS OF THE ACADEMY. ALL OF THE CAMPUSES DISPLAY PHOTOS AND ARTWORK BY MAINLY FORMER STUDENTS OR ALUMNI. THESE ARCHIVES PRESERVE THE HISTORY OF THE ACADEMY AND FURTHER IT'S EXEMPT PURPOSE. PART V, LINE 4: THE ACADEMY'S ENDOWMENT CONSISTS OF VARIOUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE GOVERNING BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. INTERPRETATION OF RELEVANT LAW - THE TRUSTEES OF THE ACADEMY HAVE ELECTED TO BE GOVERNED BY THE COMMONWEALTH OF PENNSYLVANIA'S ACT 141(ACT 141), A TOTAL RETURN POLICY THAT ALLOWS A NONPROFIT TO CHOOSE TO TREAT A PERCENTAGE OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT'S PERMANENTLY RESTRICTED INVESTMENTS AS INCOME EACH YEAR. THE LONG-TERM PRESERVATION OF THE REAL VALUE OF THE ASSETS MUST BE TAKEN INTO CONSIDERATION WHEN THE BOARD ELECTS THE AMOUNT. ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE OF THE BOARD, IN WRITING, MUST ELECT A SPENDING RATE OF BETWEEN 2% AND 7%. INACCORDANCE WITH ACT 141, THE ACADEMY ANNUALLY TRANSFERS BETWEEN 4% AND 7% OF THE PREVIOUS THREE YEARS' MARKET VALUE AVERAGE OF THE RESTRICTED ENDOWMENT FUND. THIS PERCENTAGE IS APPLIED TO A 12-QUARTER AVERAGE MARKET VALUE OF THE INVESTMENTS AT JUNE 30 OF THE PREVIOUS YEAR. THE ACADEMY CLASSIFIES AS NET ASSETS RESTRICTED IN PERPETUITY NET ASSETS WITH DONOR RESTRICTIONS ON THE ORIGINAL AND SUBSEQUENT VALUE OF GIFTS DONATED TO THE ENDOWMENT. IN ACCORDANCE WITH ACT 141, THE ACADEMY HAS ADOPTED A WRITTEN INVESTMENT POLICY, OF WHICH A SECTION SPECIFICALLY RELATES TO THE ENDOWMENT FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND IS CLASSIFIED AS NET ASSETS WITH DONOR RESTRICTIONS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE ACADEMY IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY ACT 141. IN ACCORDANCE WITH ACT 141, THE ACADEMY CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1. PROTECTING THE CORPUS OF THE ENDOWMENT FUND. 2. PRESERVING THE SPENDING POWER OF THE ASSETS. 3. OBTAINING MAXIMUM INVESTMENT RETURN WITH REASONABLE RISK AND OPERATIONAL CONSIDERATION. 4. COMPLYING WITH APPLICABLE LAWS. PART X, LINE 2: THE ACADEMY IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ACADEMY'S EXEMPT FUNCTION. THE ACADEMY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXESFOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE ACADEMY'S EXEMPT FUNCTION. THE ACADEMY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, IDENTIFY AND REPORT UNRELATED BUSINESS INCOME, AND DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH ITHAS NEXUS. AS OF JUNE 30, 2025 AND 2024, THE ACADEMY BELIEVES THAT IT HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ACADEMY RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED UPON THE TECHNICAL MERITS OF THE POSITION. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON EXAMINATION. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAXBENEFITS ARE CLASSIFIED AS INCOME TAX EXPENSE. GENERALLY, THE ACADEMY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS/FINANCIAL AID -5,586,794. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -117,106. RENTAL EXPENSES REALLOCATED TO STATEMENT OF REVENUE -115,511. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 117,106. RENTAL EXPENSES REALLOCATED TO STATEMENT OF REVENUE 115,511. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/FINANCIAL AID 5,586,794. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EMPLOYMENT AND STUDENT HANDBOOKS, WEBSITE AND EMPLOYMENT ADS SCHEDULE E, PART I, LINE 6 THE ACADEMY RECEIVES GIFT FUNDING THAT IS MADE POSSIBLE THROUGH PARTICIPATION IN THE EITC PROGRAMS WHICH PROVIDES A TAX CREDIT TO THE BUSINESSES WHO PARTICIPATE IN THIS PROGRAM. THE ACADEMY RECEIVED A GRANT THROUGH THE ALLEGHENY INTERMEDIATE UNIT FROM THE PENNSYLVANIA COMMISSION ON CRIME AND DELINQUENCY. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 5497877 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 6160 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICE PROGRAM DEVELOPMENT 1668 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 13514 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 38704 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 4702 SOUTH AMERICA 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 10211 SOUTH ASIA 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 6666 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 9586 0 0 0 0 0 0 5579502 9586 5589088 PARKIN FELLOWSHIP AWARD CENTRAL AMERICA AND THE CARIBBEAN 2 7828 EXPENSE REIMBURSEMENT N/A N/A PARKIN FELLOWSHIP AWARD EAST ASIA AND THE PACIFIC 3 13514 EXPENSE REIMBURSEMENT N/A N/A PARKIN FELLOWSHIP AWARD MIDDLE EAST AND NORTH AFRICA 1 4702 EXPENSE REIMBURSEMENT N/A N/A PARKIN FELLOWSHIP AWARD SOUTH AMERICA 2 10211 EXPENSE REIMBURSEMENT N/A N/A PARKIN FELLOWSHIP AWARD SOUTH ASIA 1 6666 EXPENSE REIMBURSEMENT N/A N/A PARKIN FELLOWSHIP AWARD SUB-SAHARAN AFRICA 2 9586 EXPENSE REIMBURSEMENT N/A N/A 1 0 1 1 1 0 PART I, LINE 2: THANKS TO THE FORESIGHT AND GENEROSITY OF ALUMNUS FRED H. PARKIN '59, THE PARKIN FELLOWSHIPS FOR GLOBAL SERVICE ENDOWMENT FUND WAS ESTABLISHED JUNE 15, 2006. PARKIN FELLOWSHIPS AWARD TRAVEL GRANT MONEY EACH SUMMER TO ASSIST STUDENTS IN COMPLETING SERVICE OR ENVIRONMENTAL PROJECTS AROUND THE GLOBE AND IN THE U.S. THESE EXPERIENCES MAKE AN IMPACT NOT ONLY THROUGH THE DIRECT SERVICE OR ENVIRONMENTAL IMPROVEMENTS THAT STUDENTS ENGAGE IN, BUT ALSO THROUGH THE STORIES STUDENTS SHARE UPON THEIR RETURN, STORIES THAT ENRICH THE SHADY SIDE COMMUNITY WHILE INSPIRING OTHERS TO MAKE A DIFFERENCE IN THE WORLD. IN MARCH OF 2025, 12 SHADY SIDE ACADEMY HIGH SCHOOL STUDENTS AND 2 ADULT CHAPERONES TRAVELED TO PARIS AND BORDEAUX, FRANCE, AS PART OF A CULTURAL EXCHANGE ORGANIZED BY SHADY SIDE ACADEMY AND SAINT JOSEPH DE TIVOLI, ITS PARTNER SCHOOL IN BORDEAUX. THE GROUP TOURED PARIS FOR THREE DAYS, DURING WHICH THE GROUP STAYED IN A HOTEL. IN BORDEAUX, THE STUDENTS AND CHAPERONES ALL STAYED FOR TWO WEEKS WITH HOST FAMILIES. DURING THIS TIME, STUDENTS ATTENDED SCHOOL WITH THEIR EXCHANGE PARTNERS, AND OUR HOSTS ALSO ORGANIZED FIELD TRIPS FOR US DURING THE SCHOOL DAY TO EXPLORE THE REGION AROUND BORDEAUX. 1 FINANCIAL AID 230 5142700 N/A N/A TUITION DISCOUNTS 422 363480 N/A N/A SEMPER SCHOLARS 10 25498 N/A N/A AUGUSTUS SCHROEDER AWARDS 11 2609 N/A N/A PART I, LINE 2: THE ACADEMY AWARDS FINANCIAL AID TO QUALIFYING INDIVIDUALS TO OFFSET THE COST OF TUITION. THE PROCESS IS MANAGED BY THE ACADEMY'S ADMISSIONS OFFICE AND USES AN OUTSIDE PARTY TO ASSIST IN COLLECTING FINANCIAL INFORMATION FROM PARENTS. MOST FUNDING IS AWARDED BASED ON DEMONSTRATED ECONOMIC NEED AND FUNDING AVAILABLE. A VERY LIMITED NUMBER OF AWARDS ARE BASED ON OTHER MERIT CRITERIA. THE AUGUSTUS "GUS" SCHROEDER '59 FUND (THE SCHROEDER FUND) WAS ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE TO ENRICH THE EXPERIENCES OF SHADY SIDE STUDENTS WHO RECEIVE FINANCIAL AID. X X X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 BARTLEY P GRIFFITH JR PRESIDENT 594580 0 60500 0 17035 0 89150 0 135325 0 896590 0 0 0 ROSALYND SABUNDAYO SENIOR SCHOOL - HEAD OF SCHOOL 179421 0 500 0 0 0 12758 0 112188 0 304867 0 0 0 MICHELLE MERSON HEAD OF SCHOOL 164059 0 500 0 0 0 10245 0 94347 0 269151 0 0 0 JAMIE SCOTT CHIEF DEVELOPMENT OFFICER 124169 0 500 0 0 0 9305 0 87468 0 221442 0 0 0 AMY SZLACHETKA VP OF FINANCE 192500 0 500 0 0 0 13475 0 830 0 207305 0 0 0 SEAN SIMMONS DIRECTOR OF ATHLETICS 126376 0 500 0 0 0 8707 0 60437 0 196020 0 0 0 JENNIFER ASMONGA HEAD OF COUNTRY DAY SCHOOL 169484 0 3000 0 0 0 11910 0 7723 0 192117 0 0 0 TIMOTHY WINNER DIRECTOR OF ED. TECHNOLOGY 153883 0 500 0 0 0 11094 0 10436 0 175913 0 0 0 BAREARA SULLIVAN CHIEF ENROLLMONT OFFICER 127925 0 3000 0 0 0 8655 0 23300 0 162880 0 0 0 PAUL FRANCIONI DIRECTOR OF FACILITIES 129480 0 8000 0 0 0 9093 0 8047 0 154620 0 0 0 PART I, LINE 1A THE PRESIDENT HAS A DISCRETIONARY SPENDING ACCOUNT BUT IT IS FOR SPECIFIC PURPOSES RELATED TO OPERATIONS, PROGRAMMING AND/OR PROFESSIONAL DEVELOPMENT. TO CONDUCT BUSINESS AND TO CARRY OUT THE MISSION OF THE ORGANIZATION, THE ORGANIZATION PROVIDES THE PRESIDENT WITH A MEMBERSHIP TO THE FOX CHAPEL COUNTRY CLUB. THE PRESIDENT IS PROVIDED A RESIDENCE ON CAMPUS WITH CLEANING SERVICES. ALL OF THESE BENEFITS ARE DEEMED NONTAXABLE. IN ADDITION, THE HEAD OF SCHOOL AND DIRECTOR OF ATHLETICS ALSO RECEIVE CAMPUS HOUSING. PART I, LINE 4B THE PRESIDENT, BARTLEY GRIFFITH PARTICIPATED IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN FY 2025. $65,000 WAS ACCRUED ON 6/30/2025. PART I, LINE 7 AT THE DISCRETION OF THE ACADEMY BOARD OF TRUSTEES, THE PRESIDENT OF THE ACADEMY RECEIVES AN ANNUAL PERFORMANCE BONUS. IN ADDITION, ROSALYND SABUNDAYO, TIMOTHY WINNER, JENNIFER ASMONGA, BAREARA SULLIVAN, SEAN SIMMONS, PAUL FRANCIONI, DEBRA MAUDER, AMY SZLACHETKA, JAMIE SCOTT, MICHELLE MERSON AND DIANA TOOLE EACH RECEIVED A BONUS IN 2024. PART II, COLUMN (D): CONTAINS NONTAXABLE BENEFITS THAT INCLUDE HOUSING, TUITION REMISSION, HEALTH INSURANCE, AND LIFE/DISABILITY INSURANCE. 7947 TUITION DISCOUNTS TUITION DISCOUNTS DAVID A SZLACHETKA SPOUSE OF OFFICER 98793 COMPENSATION 0 X 20 150479 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS DURING FISCAL YEAR ENDING JUNE 30, 2025. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE, WHEN NECESSARY OR DESIRABLE BETWEEN MEETINGS OF THE BOARD, HAVE AND PERFORM ALL THE POWERS AND DUTIES OF THE BOARD; PROVIDED, HOWEVER, THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE ANY OF THE POWERS SPECIFICALLY RESERVED TO THE BOARD BY LAW OR THESE BY-LAWS OR THE POWER TO ALTER THE FUNDAMENTAL POLICIES OF THE BOARD. THE ESTABLISHMENT OF AN EXECUTIVE COMMITTEE AND THE DELEGATION THERETO OF POWER AND AUTHORITY SHALL NOT RELIEVE ANY TRUSTEE OF HIS FIDUCIARY RELATIONSHIP AND RESPONSIBILITY TO THE ACADEMY, AND EACH TRUSTEE SHALL DISCHARGE HIS DUTIES IN GOOD FAITH AND WITH THAT DILIGENCE, CARE AND SKILL WHICH AN ORDINARILY PRUDENT PERSON WOULD EXERCISE UNDER SIMILAR CIRCUMSTANCES. FORM 990, PART VI, SECTION A, LINE 4 DURING THE YEAR, THE ORGANIZATION MADE SIGNIFICANT CHANGES TO ITS GOVERNING DOCUMENTS, INCLUDING UPDATES TO TRUSTEE TERM LIMITS, REVISIONS TO GOVERNANCE PROVISIONS RELATED TO ITS AFFILIATION WITH FOX CHAPEL COUNTRY DAY SCHOOL, AND RESTRUCTURING OF BOARD COMMITTEE RESPONSIBILITIES. THESE CHANGES INCLUDED THE MODIFICATION AND ELIMINATION OF CERTAIN COMMITTEES AND THE EXPANSION OF AUDIT AND INSTITUTIONAL RISK OVERSIGHT. FORM 990, PART VI, SECTION A, LINE 7A AN INDIVIDUAL ELECTED PRESIDENT OF THE ALUMNI COUNCIL SHALL COMMENCE TO SERVE A THREE YEAR TERM AS TRUSTEE ON THE JULY 1 NEXT FOLLOWING THE ASSUMPTION OF OFFICE AS PRESIDENT OF THE ALUMNI COUNCIL. PURSUANT TO THE AFFILIATION AGREEMENT DATED AUGUST 11, 2016 BETWEEN FOX CHAPEL COUNTRY DAY SCHOOL INC. (HEREINAFTER REFERRED TO AS "FCCDS") AND THE ACADEMY, THE INDIVIDUAL WHO WAS THE PRESIDENT OF THE FCCDS BOARD OF TRUSTEES AS OF AUGUST 11, 2016 (IN CONSULTATION WITH THE HEAD OF SCHOOL OF FCCDS) SHALL ELECT (I) TWO TRUSTEES TO SERVE TERMS BEGINNING JULY 1, 2016, (II) TWO TRUSTEES TO SERVE TERMS BEGINNING JULY 1, 2017, (III) TWO TRUSTEES TO SERVE TERMS BEGINNING JULY 1, 2019 (WHICH TRUSTEES MAY BE THE SAME TRUSTEES ELECTED PURSUANT TO SECTION 1.10(A)(I)), AND (IV) TWO TRUSTEES TO SERVE TERMS BEGINNING JULY 1, 2020 (WHICH TRUSTEES MAY BE THE SAME TRUSTEES ELECTED PURSUANT TO SECTION 1.10(A)(II)) FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND BY THE AUDIT COMMITTEE. A COPY OF FORM 990 IS DISTRIBUTED TO THE TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AN EXPLANATION OF THE CONFLICT OF INTEREST POLICY IS PRESENTED TO ALL BOARD OF TRUSTEE MEMBERS AT THE START OF EACH SCHOOL YEAR. ANNUAL DISCLOSURE FORMS ARE DISTRIBUTED AND INFORMATION IS THEN SENT TO THE BUSINESS OFFICE WHERE IT IS REVIEWED AND MAINTAINED ON FILE THROUGHOUT THE YEAR. CONFLICTS OF INTEREST DISCLOSURE FORMS ARE FORWARDED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE ACADEMY'S CHAIRMAN OF THE BOARD SELECTS CERTAIN TRUSTEES TO COMPRISE A COMPENSATION COMMITTEE. THIS GROUP ANALYZES DATA FROM INDEX GROUP. INDEX GROUP IS A NATIONAL CONSORTIUM OF INDEPENDENT SCHOOLS THAT VOLUNTARILY SHARE ANONYMIZED COMPENSATION AND OPERATIONAL DATA FOR BENCHMARKING PURPOSES. THE COMMITTEE USES INDEX DATA TO COMPARE EXECUTIVE AND STAFF COMPENSATION TO PEER INSTITUTIONS OF SIMILAR SIZE, SCOPE, AND GEOGRAPHY IN ORDER TO SUPPORT REASONABLE, MARKET-BASED SALARY DETERMINATIONS. THE ACADEMY ALSO USES DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND OTHER LOCAL SURVEYS TO DETERMINE APPROPRIATE SALARY RANGES FOR THE POSITIONS OF PRESIDENT AND CHIEF FINANCIAL OFFICER OF THE ACADEMY. IN ADDITION, THE ACADEMY ENGAGES THE SERVICES OF LOCAL LEGAL COUNSEL TO ASSIST IN THE REVIEW AND PREPARATION OF EMPLOYMENT CONTRACTS AND/OR AGREEMENTS. THE ACADEMY'S PRESIDENT ANALYZES DATA FROM INDEX GROUP, THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS, AND OTHER LOCAL SURVEYS TO DETERMINE APPROPRIATE SALARY RANGES FOR OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 SHADY SIDE ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY STATEMENT AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST THROUGH THE ACADEMY'S BUSINESS OFFICE. FORM 990, PART VII, EMERITI TRUSTEES WITH NO VOTING RIGHTS: G. NICHOLAS BECKWITH, III; MICHAEL P. CASEY; FLOYD A. CEPHAS, SR.; ROBERT E. COCHRAN; MARY ELLEN COSTA; ANNIE HANNA ENGEL; DIANE M. FISHER; WILLIAM P. GETTY; LAWRENCE N. GUMBERG; STEPHEN F. HALPERN; MICHAEL J. HANNON; KAREN DUNN KELLEY; KARL F. KRIEGER; J. STEPHEN LEE; ANNE V. LEWIS; W. THOMAS MCGOUGH, JR.; EDWIN F. SCHEETZ, JR.; SUSANNE C. WEAN; JAMES H. WOLF. FORM 990, PART XII, QUESTION 2C, FINANCIAL STATEMENTS AND REPORTING: AS A SUB-COMMITTEE OF THE FINANCE COMMITTEE, THE AUDIT COMMITTEE IS CHARGED WITH THE SELECTION OF AN OUTSIDE INDEPENDENT AUDIT FIRM. THIS IS REVIEWED ANNUALLY AND, BASED ON CONTRACT TERMS WITH THE CURRENT FIRM AT THE TIME, THE COMMITTEE DETERMINES WHEN TO NEGOTIATE CONTINUED RATES AND/OR TO REQUEST BIDS FROM OTHER FIRMS. PRIOR TO THE RELEASE OF THE FINAL FINANCIAL STATEMENTS THE AUDIT COMMITTEE MEETS WITH THE AUDIT TEAM FROM THE INDEPENDENT AUDIT FIRM AS WELL AS MANAGEMENT CHARGED WITH AUDIT RESPONSIBILITIES TO REVIEW AND DISCUSS THE DRAFT FINANCIAL STATEMENTS AND THE AUDIT PROCESS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SHADY SIDE ACADEMY FOUNDATION 423 FOX CHAPEL ROAD PITTSBURGH PA 15238 251754941 INACTIVE PA 501(C)(3) LINE 12A, I SHADY SIDE ACADEMY 1 FOX CHAPEL COUNTRY DAY SCHOOL 620 SQUAW RUN ROAD EAST PITTSBURGH PA 15238 250952071 SUPPORTING ORG PA 501(C)(3) LINE 12A, I SHADY SIDE ACADEMY 1 POOLED INCOME FUND SPLIT-INTEREST TRUST PA N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0