2026-03-16T20:21:16-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-07-01 231352681 SPRINGSIDE CHESTNUT HILL ACADEMY SPRI 2152477200 500 W WILLOW GROVE AVENUE PHILADELPHIA PA 19118 FRANK V ALOISE JR CHIEF FINANCIAL OFFICER 2152477200 2026-03-16 1 0 X KERRI N BOGDA P00760402 7177404863 2026-03-16 2024 2025-03-06 01:10:19Z STEPHEN DRUGGAN 500 W WILLOW GROVE AVENUE PHILADELPHIA PA 19118 75527395 0 X WWW.SCH.ORG X 1879 PA TO PROMOTE EDUCATION, INSTRUCTION AND TRAINING OF CHILDREN AND YOUNG PEOPLE. 28 28 575 345 45912 24238 6391427 5367182 49529170 51798372 1032581 3558699 880259 960902 57833437 61685155 18031181 18513686 0 0 27744803 29758159 0 0 2349115 14220378 14750602 59996362 63022447 -2162925 -1337292 138388750 138291574 44718459 45424309 93670291 92867265 X SEE SCHEDULE OWE ARE AN INCLUSIVE COMMUNITY ON A MISSION TO INSPIRE UNBOUNDED CURIOSITY AND INDEPENDENT THOUGHT IN EVERY ONE OF OUR STUDENTS. IN A UNIQUE EDUCATIONAL ENVIRONMENT THAT EXTENDS WELL BEYOND CAMPUS, WE NURTURE STUDENTS' KNOWLEDGE OF THEMSELVES AND THE WORLD, EXPANDING THEIR FULL ACADEMIC AND PERSONAL POTENTIAL WHILE PREPARING THEM TO LEAD LIVES CHARACTERIZED BY THOUGHTFULNESS, INTEGRITY, AND A QUEST TO EFFECT POSITIVE CHANGE. 0 0 56866738 18513686 51798372 DISTINGUISHED BY ITS INNOVATIVE ACADEMIC PROGRAMS AND SINGLE-SEX TO COED EDUCATIONAL MODEL, SPRINGSIDE CHESTNUT HILL ACADEMY (SCH) OFFERS STUDENTS - 18 MONTHS TO 18 YEARS - A WELCOMING LEARNING COMMUNITY SET ON A 62-ACRE URBAN OASIS AT THE EDGE OF THE WISSAHICKON VALLEY IN CHESTNUT HILL, PHILADELPHIA.CONTINUED ON SCHEDULE O COMBINING 300 YEARS OF ACADEMIC EXCELLENCE THROUGH THE MERGER OF SPRINGSIDE SCHOOL AND CHESTNUT HILL ACADEMY, SCH IS NOW THE LARGEST INDEPENDENT SCHOOL IN THE CITY, WITH OVER 1,200 STUDENTS. DEEPLY TALENTED EDUCATORS PREPARE OUR STUDENTS TO BE THOUGHTFUL, CURIOUS, AND INDEPENDENT THINKERS WITH THE SKILLSET AND MINDSET FOR FUTURE SUCCESS.THE SCHOOL'S PREMIER FACILITIES, FROM MAKERSPACES TO TURF FIELDS, DRAW STUDENTS FROM MORE THAN 100 ZIP CODES. SIGNATURE PROGRAMS INCLUDE ENTREPRENEURIAL LEADERSHIP, ROBOTICS AND ENGINEERING, CLASSIC AND TECH-FORWARD ARTS, A BOOTS-ON OUTDOOR EDUCATION, AND A REGGIO EMILIA-INSPIRED EARLY CHILDHOOD CENTER.FIVE VALUES SERVE AS THE FOUNDATION FOR OUR TEACHING AND COMMUNITY SPIRIT: DIVERSITY, INTEGRITY, RESILIENCE, COURAGE, AND THOUGHTFULNESS.DISTINCTIVE FEATURES OF SCH FACILITIES: - THE 19TH-CENTURY WISSAHICKON INN, HOME TO THE UPPER SCHOOL DIVISION AND ADMINISTRATIVE OFFICES, LISTED IN THE NATIONAL REGISTER OF HISTORIC PLACES - 17 LABORATORIES, INCLUDING A 1,600-SQUARE-FOOT, STATE-OF-THE-ART ENGINEERING AND ROBOTICS LAB, THE JAMIE BELL RECORDING STUDIO FOR VIDEO AND MUSIC PRODUCTION, IMAGINEERING LAB AND PHYSICS AND ENGINEERING LAB FOR LOWER SCHOOL - CERTIFIED LEED GOLD SCIENCE & TECHNOLOGY BUILDING - 6 SOL LEWITT INSTALLATIONS AND A VIOLET OAKLEY MURAL - 1/2-ACRE SOLAR ARRAY ROOFTOP INSTALLATION - LOW AND HIGH ROPES CHALLENGE COURSE - 5 PERFORMING ARTS VENUES - FABRICATION AND DESIGN SPACES, INCLUDING 13 3D PRINTERS AND 2 LASER CUTTERS - EARLY CHILDHOOD CENTER FOCUSED ON THE REGGIO EMILIA APPROACH - NEW STATE-OF-THE-ART FITNESS CENTER - 2 RESURFACED TURF FIELDS WITH ORGANIC INFILL - NEW UPPER SCHOOL COMMONS - THE WISSAHICKON VALLEY AS AN OUTDOOR CLASSROOMPOINTS OF PRIDE: - EACH SEASON, SCH ATHLETES ARE SELECTED TO ALL-INTER-AC TEAMS AND SIGN WITH COLLEGES AND UNIVERSITIES AROUND THE COUNTRY TO PURSUE THEIR PASSION AT THE NEXT LEVEL. SCH HAS EARNED BOTH INTER-AC TITLES AND STATE CHAMPIONSHIPS. - UPPER SCHOOL STUDENTS HAVE 100+ ELECTIVES FROM WHICH TO CHOOSE, INCLUDING FORENSICS, ARCHITECTURAL DESIGN, ADVANCED CREATIVE WRITING, AND VECTOR CALCULUS. - SCH'S UPPER SCHOOL ROBOTICS TEAM WAS PART OF FIRST'S 2019 DETROIT WORLD CHAMPIONSHIP-WINNING ALLIANCE. OVER THE PAST 21 YEARS, THE TEAM HAS FINISHED IN THE TOP 10 AT "WORLDS AND WON THE COVETED FIRST CHAIRMAN'S AWARD 8 TIMES. ROBOTICS STUDENTS HAVE BEEN ACCEPTED INTO THE NATION'S TOP ENGINEERING PROGRAMS, INCLUDING PRINCETON, MIT, CALTECH, PENN, BROWN, COLUMBIA, CORNELL, CARNEGIE MELLON, JOHNS HOPKINS, GEORGIA TECH, CLEMSON, RPI, WPI, ROSE HULMAN, AND ALL THREE MILITARY ACADEMIES.- 73% OF SCH FACULTY HOLD ADVANCED DEGREES AND AN AVERAGE OF 17 YEARS OF TEACHING EXPERIENCE.- 90% OF STUDENTS IN THE CLASS OF 2025 WERE ACCEPTED INTO ONE OF THEIR TOP TWO COLLEGE CHOICES.- SCH'S UNIQUE CENTER FOR ENTREPRENEURIAL LEADERSHIP (CEL) CURRICULUM HAS BEEN LICENSED INTERNATIONALLY AND IS RECOGNIZED AS A LEADER IN ENTREPRENEURSHIP EDUCATION. - SCH AFFIRMS THAT DIVERSITY IS A CONDITION OF EXCELLENCE AND THAT EMBRACING A DIVERSE, INCLUSIVE COMMUNITY IS FUNDAMENTAL TO PROVIDING THE MOST RIGOROUS, GLOBALLY COMPETITIVE EDUCATION. AT SCH, WE AIM TO ENGAGE, UNDERSTAND, AND CELEBRATE THE BROAD RANGE OF HUMAN EXPERIENCES AND PERSPECTIVES. THROUGH OUR CURRICULUM, PROFESSIONAL DEVELOPMENT, COMMUNITY-CENTERED EVENTS, AND DAILY INTERACTIONS, WE ARE COMMITTED TO CULTIVATING EMPATHY AND INCLUSION AND NURTURING THE AUTHENTIC EXPRESSION OF EVERY INDIVIDUAL.- RECENT GRADUATES INCLUDE AN OLYMPIC GOLD MEDALIST, THE RECIPIENT OF THE "RISING STAR AWARD" FROM FIRST ROBOTICS, A FORBES MAGAZINE "30 UNDER 30" SUMMIT PARTICIPANT, A PHILADELPHIA BUSINESS JOURNAL "40 UNDER 40" RECIPIENT, THE SENIOR WASHINGTON CORRESPONDENT FOR CNBC, AND ONE OF THE UN FOUNDATION'S "TOP 10 FEMALE ENTREPRENEURS TO WATCH" LIST.ACHIEVEMENTS OF THE LAST FIVE YEARS:- THE SCHOOL ENGAGED IN A STRATEGIC DEVELOPMENT EXERCISE (2023-2024) AND DELIVERED SHAPING OUR FUTURE - A STRATEGIC FRAMEWORK FOR SPRINGSIDE CHESTNUT HILL ACADEMY IN THE FALL OF 2025.- SCH COMPLETED THE PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS (PAIS) SELF-STUDY (2023-2024) AND WELCOMED A PAIS ACCREDITATION TEAM VISIT IN THE FALL OF 2025.- SCH ACADEMY'S 10-YEAR CAMPUS MASTER PLAN IS A MULTI-PHASE, CAMPUS-WIDE VISION TO UNIFY OUR GROUNDS AND ELEVATE THE STUDENT EXPERIENCE FROM EARLY LEARNING THROUGH UPPER SCHOOL. PHASE I: COMMON GROUND (2014) TRANSFORMED OUR ATHLETIC FIELDS INTO A STATE-OF-THE-ART COMPLEX THAT LINKS THE FORMER CHA AND SPRINGSIDE CAMPUSES, ADDING NEW PATHWAYS, PLANTINGS, GREEN SPACE, AND MODERN STORMWATER MANAGEMENT. PHASE II (2019) DELIVERED THE AWARD-WINNING 72,000-SQUARE-FOOT MCCAUSLAND LOWER SCHOOL AND COMMONS AND REFRESHED KEY MIDDLE SCHOOL ENTRY AND DINING SPACES. PHASE III HAS SECURED THE FUNDS TO RESTORE THE HISTORIC REC INTO A FLEXIBLE, HIGH-PERFORMING ARTS VENUE AND ADVANCE CRITICAL STORMWATER IMPROVEMENTS. THE CAMPAIGN FOR THE COMMONS IS THE PLAN'S CULMINATING PHASE, CENTERED ON THE UPPER SCHOOL NUCLEUS AND DESIGNED TO COMPLETE THE VISION BY CREATING A DYNAMIC HUB FOR STUDENT LIFE WITH EXCEPTIONAL ATHLETIC AND WELLNESS SPACES. TOGETHER, THESE ACCOMPLISHMENTS STRENGTHEN CAMPUS CONNECTIVITY, EXPAND ACADEMIC AND CO-CURRICULAR RESOURCES, AND ADVANCE SCH'S COMMITMENT TO WHOLE-CHILD EDUCATION.- SCH OPENED THE EARLY CHILDHOOD CENTER IN JANUARY 2020, NOW OPERATING AT FULL CAPACITY WITH OVER 120 ENROLLED STUDENTS AND ADDITIONAL FACILITIES.- SCH WELCOMED THE RETURN OF HEAD OF SCHOOL STEVE DRUGGAN IN JULY 2025. 56866738 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 131 0 575 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X FRANK V ALOISE JR CHIEF FINANCIAL OFFICER 2152477203 500 W WILLOW GROVE AVENUE PHILADELPHIA PA 19118 PATRICK LINDSAY CHAIRMAN 4.00 0.00 X X 0 0 0 ALEXANDER GOLDSMITH TREASURER 4.00 0.00 X X 0 0 0 NADINE STEVENSON SECRETARY 4.00 0.00 X X 0 0 0 RASHAD CAMPBELL BOARD MEMBER 1.00 0.00 X 0 0 0 ANNABELLE CANNING BOARD MEMBER 1.00 0.00 X 0 0 0 BROOKE DIMARCO BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM DONATO BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM F DUNBAR BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM H FREEMAN BOARD MEMBER 1.00 0.00 X 0 0 0 SARAH FULD BOARD MEMBER 1.00 0.00 X 0 0 0 ANUJ GOSWAMI BOARD MEMBER 1.00 0.00 X 0 0 0 THOMAS SHAW GREENWOOD BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID HAYNE BOARD MEMBER 1.00 0.00 X 0 0 0 MARIA SORDONI HUDACEK BOARD MEMBER 1.00 0.00 X 0 0 0 THOMAS G KESSLER BOARD MEMBER 1.00 0.00 X 0 0 0 YOUNGMOO KIM BOARD MEMBER 1.00 0.00 X 0 0 0 PETER LONGSTRETH BOARD MEMBER 1.00 0.00 X 0 0 0 DEBORAH MAINE BOARD MEMBER 1.00 0.00 X 0 0 0 EDWARD J MCDEVITT III BOARD MEMBER 1.00 0.00 X 0 0 0 LUDLOW MILLER BOARD MEMBER 1.00 0.00 X 0 0 0 JANIE PARKER BOARD MEMBER 1.00 0.00 X 0 0 0 EDWARD RORER BOARD MEMBER 1.00 0.00 X 0 0 0 ELIZABETH M SALATA BOARD MEMBER 1.00 0.00 X 0 0 0 MARY B SHAIFER BOARD MEMBER 1.00 0.00 X 0 0 0 ANDREW TOPPING BOARD MEMBER 1.00 0.00 X 0 0 0 THOMAS WATKINS JR BOARD MEMBER 1.00 0.00 X 0 0 0 CAMILLA WHETZEL BOARD MEMBER 1.00 0.00 X 0 0 0 MIMS MAYNARD ZABRISKIE BOARD MEMBER 1.00 0.00 X 0 0 0 DELVIN M DINKINS HEAD OF SCHOOL 50.00 0.00 X 411978 0 120082 FRANK V ALOISE JR CHIEF FINANCIAL OFFICER 50.00 0.00 X 282322 0 48506 PETER DIDONATO CHIEF INNOVATION OFFICER 50.00 0.00 X 189478 0 38181 DAVE WILSON HEAD OF ATHLETICS 50.00 0.00 X 168405 0 33918 JENNIFER MCHUGH DIR., MAJ. GIFTS/PLANNED GIVING 50.00 0.00 X 158041 0 40512 MATTHEW NORCINI DIVISION HEAD 50.00 0.00 X 162795 0 24266 DOUGLAS WAINWRIGHT DIVISION HEAD 50.00 0.00 X 159600 0 16524 MEADOW PEPINO DIVISION HEAD 50.00 0.00 X 149259 0 29128 1681878 0 351117 33 0 1 0 TROPIANO BUS COMPANY LLC 1256 WELSH RD NORTH WALES PA 19454 STUDENT TRANSPORTATION 149629 KID RIDEZ 103 DICKINSON LANE WILMINGTON DE 19807 STUDENT TRANSPORTATION 103281 2 69031 535455 4762696 425056 5367182 TUITION 611710 47217550 47217550 EARLY CHILDHOOD CENTER 611710 2341144 2341144 FOOD SERVICES 611710 1148198 1148198 ATHLETICS AND SUMMER PROGRAMS 611710 837500 837500 HORIZONS AT SCH 611710 146698 146698 107282 107282 51798372 437070 -9893 446963 238572 50042 188530 188530 188530 16688554 45083 13612008 0 3076546 45083 3121629 55805 3065824 27675 69031 49496 -21821 -21821 189534 130694 58840 58840 AFTER SCHOOL INCOME 611710 395760 395760 ROBOTICS INCOME 611710 93255 93255 SQUASH INCOME 611710 87930 87930 158408 158408 735353 61685155 51798372 45912 4473689 18513686 18513686 1135700 1135700 21367900 18781263 1381255 1205382 1256001 1120509 59552 75940 4487602 4330835 89541 67226 1510956 1288809 139233 82914 54909 54909 41934 41934 74532 74532 721847 600227 61941 59679 59601 1325 70 58206 1212907 1072534 21796 118577 83356 51567 1000 30789 3266563 2912445 218650 135468 59583 31109 21568 6906 55147 36264 14273 4610 4118293 3627393 303106 187794 367777 367777 UBIT TAX EXPENSE 4000 4000 PLANT OPERATIONS 1920551 1630439 179130 110982 CAFETERIA 1178109 1178109 STUDENT ACTIVITIES 412879 412879 1118614 905568 8404 204642 63022447 56866738 3806594 2349115 19568 21473 2058798 3262377 4558086 2594365 452117 696179 88377 76430 367744 607532 143740546 69364459 76535008 74376087 71984 73251 48976058 53664463 5261010 2919417 138388750 138291574 2796827 3428688 8431296 9372325 32585105 31677803 905231 945493 44718459 45424309 X 36483280 36069152 57187011 56798113 93670291 92867265 138388750 138291574 X -1337292 811549 -277283 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48694328 2447057 4506185 2267717 53379853 45984206 126578 4704719 2121175 48694328 44549716 164618 3380545 2110673 45984206 47960953 1259078 -2629826 2040489 44549716 36959587 1098503 12060179 2157316 47960953 0.18530 0.56290 0.25180 1 0 365000 365000 135093237 64813152 70280085 5981562 4384289 1597273 2300747 167018 2133729 74376087 BENEFICIAL INTEREST IN PERPETUAL TRUST 5734983 F SPLIT INTEREST AGREEMENTS 357861 F INVESTMENT - COMMONFUND 47571619 F 53664463 SPECIAL AGENCY FUNDS 241717 FINANCING LEASE LIABILITY 621958 DISCOUNT FOR FUTURE INTEREST - LIFETIME ANNUITY 5030 DEFERRED COMPENSATION 76788 945493 X 43811939 811549 -18865501 -18053952 61865891 -180736 -180736 61685155 44614965 180736 180736 44434229 18588218 18588218 63022447 PART V, LINE 4: THE NET INCOME FROM ENDOWED FUNDS, SUBJECT TO THE SCHOOL'S AUTHORIZED SPENDING POLICY, WILL BE USED FOR FACULTY/STAFF SALARIES, FINANCIAL AID, FACULTY DEVELOPMENT, ATHLETICS, OTHER SCHOOL ACTIVITIES, AND GENERAL OPERATIONS OF THE SCHOOL BASED ON DONOR STIPULATIONS. PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -18,513,686. NET LOSS ON INTEREST SWAP AGREEMENT -513,918. GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 207,868. CHANGE IN VALUE OF SPLIT-INTEREST ARRANGEMENTS 4,147. AMORTIZATION OF DISCOUNT ON SPLIT-INTEREST ARRANGEMENTS 4,939. INVESTMENT FEES -74,532. CHANGE IN CASH SURRENDER VALUE OF INSURANCE POLICY 19,681. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOKSTORE EXPENSES -130,694. RENTAL EXPENSES -50,042. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 50,042. BOOKSTORE EXPENSES 130,694. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 18,513,686. INVESTMENT FEES 74,532. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENT IN LOCAL PAPERS DESCRIBING NONDISCRIMINATORY POLICY, SHARED ADS WITH OTHER LOCAL INDEPENDENT SCHOOLS, DISPLAYED ON THE HOME PAGE OF THE SCHOOL'S WEBSITE AND ON NUMEROUS OTHER WEB PAGES. SCHEDULE E, PART I, LINE 6 SPRINGSIDE CHESTNUT HILL ACADEMY ANNUALLY RECEIVES A GRANT FROM THE STATE OF PENNSYLVANIA FOR THE PURCHASE OF TEXT BOOKS AND OTHER EDUCATION SUPPLIES. THE STATE DIRECTLY PURCHASES THESE ITEMS BASED ON AN APPLICATION SENT IN BY SPRINGSIDE CHESTNUT HILL ACADEMY. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 349000 0 0 0 0 0 0 349000 0 349000 1 0 0 0 0 0 VEGAS VIBES 96706 69031 27675 36155 3400 9941 96706 69031 27675 36155 3400 9941 49496 -21821 1 SCHOLARSHIPS & FINANCIAL AID FOR VARIOUS STUDENTS 727 18513686 N/A N/A PART I, LINE 2: SPRINGSIDE CHESTNUT HILL ACADEMY SUBSCRIBES TO THE NAIS PRINCIPLES OF GOOD PRACTICE IN FINANCIAL AID ADMINISTRATION AND HAS INCORPORATED THESE PRINCIPLES INTO ITS SCHOOL-WIDE FINANCIAL AID POLICY. THIS POLICY 1) SUPPORTS SCH ACADEMY'S COMMITMENT TO ACCESS AND DIVERSITY; 2) ENABLES SCH ACADEMY TO ENROLL THE BEST AND BRIGHTEST OF ITS APPLICANTS REGARDLESS OF NEED; 3) ENABLES SCH ACADEMY TO MAINTAIN AND INCREASE ENROLLMENT DURING A PERIOD OF ECONOMIC UNCERTAINTY AND INTENSE COMPETITION AMONG SCHOOLS. 1) A FINANCIAL AID BUDGET IS SET EACH YEAR BY THE TRUSTEES OF SCH ACADEMY USING INCOME FROM ENDOWED FUNDS AND OPERATING REVENUE. IN SETTING THE BUDGET, THE BOARD CONSIDERS THE LEVEL OF NEED ALREADY EXISTING IN THE SCHOOL BASED ON THE PREVIOUS YEAR'S ALLOCATIONS, AS WELL AS PROPOSED TUITION INCREASES. 2) SCH ACADEMY STRIVES THROUGH ITS PUBLICATIONS, WEBSITE, AND FACE-TO-FACE CONTACTS TO PUBLICIZE AND EXPLAIN ITS FINANCIAL AID PROGRAM AND TO DISCLOSE ALL INFORMATION PERTAINING TO THE COST OF AN SCH ACADEMY EDUCATION. 3) ALLOCATION OF FINANCIAL AID FUNDS IS CARRIED OUT BY A COMMITTEE OF ADMISSION OFFICERS AND THE CHIEF FINANCIAL OFFICER; FILES ARE MAINTAINED BY THE ADMISSIONS ASSISTANT OR ADMISSIONS OFFICE MANAGER. 4) SCH ACADEMY DOES NOT DISCRIMINATE IN ITS FINANCIAL AID ALLOCATIONS ON THE BASIS OF RACE, COLOR, RELIGION OR NATIONAL ORIGIN; SCH ACADEMY DOES NOT USE FINANCIAL NEED AS A CONSIDERATION IN DETERMINING A STUDENT'S ELIGIBILITY FOR ADMISSION; SCH ACADEMY USES A UNIFORM METHODOLOGY TO ASSESS ANNUALLY, IN A CONSISTENT AND EQUITABLE MANNER, EACH FAMILY'S ABILITY TO PAY FOR EDUCATION. A) SCH ACADEMY RECOGNIZES THAT PRIMARY RESPONSIBILITY FOR FINANCING A STUDENT'S EDUCATION RESTS WITH THE FAMILY, AND THAT THE FAMILY WILL HAVE SOUGHT FUNDS FROM ALL SOURCES INCLUDING EMPLOYMENT, RELATIVES, ASSETS, OUTSIDE SCHOLARSHIPS, AND THE ELLIS FOUNDATION (FOR ELIGIBLE GIRLS) IN ADDITION TO SEEKING AID FROM SCH ACADEMY. B) ASSESSMENT OF NEED IS DETERMINED BY THE USE OF SOFTWARE FROM CLARITY FOLLOWING THE FAMILY'S ONLINE SUBMISSION OF A COMPLETED PARENTS' FINANCIAL STATEMENT, AND AUTHENTICATION BY CLARITY WITH THE IRS. ASSESSMENT OF NEED MAY REQUIRE FURTHER VERIFICATION. NO FINANCIAL AID AWARD WILL EXCEED A FAMILY'S DEMONSTRATED NEED. C) IN AWARDING AID, THE COMMITTEE TAKES INTO ACCOUNT THE NUMBER, AGES AND SCHOOLS OF CHILDREN, ADDITIONAL DEPENDENTS, ALL SOURCES OF INCOME INCLUDING THE STUDENT'S OWN INCOME, DEBTS AND UNUSUAL EXPENSES, SPENDING PRIORITIES, AND WHETHER A SECOND WORKING PARENT IS CONTRIBUTING TO FAMILY INCOME WHERE POSSIBLE. D) IN CASES OF DIVORCE OR SEPARATION, SCH ACADEMY REQUIRES A COMPLETED ONLINE PARENTS' FINANCIAL STATEMENT FROM THE NON-CUSTODIAL PARENT, WHETHER OR NOT THE NON-CUSTODIAL PARENT SHARES IN THE COST OF EDUCATION. IF THE STUDENT RESIDES WITH A STEP-PARENT, SCH ACADEMY REQUIRES AN ONLINE PFS FROM THE STEP-PARENT. 5) SCH ACADEMY STRIVES TO MAKE AWARDS AS CLOSE TO DEMONSTRATED NEED (BASED ON THE PFS) AS POSSIBLE, BUT ALSO EXPECTS THAT EACH FAMILY WILL CONTRIBUTE AN APPROPRIATE PORTION OF TUITION AND FEES. A) EXCEPTIONS TO THIS ARE THE SPECIALLY ENDOWED SCHOLARSHIPS, WHOSE AID MAY CONSIST OF FULL TUITION, AS LONG AS THERE IS DEMONSTRATED FULL NEED. 6) AWARDS ARE MADE ON A ONE-YEAR BASIS AND REQUIRE RE-APPLICATION EVERY YEAR. FAMILIES ALREADY IN THE SCHOOL HAVE PRIORITY OVER NEW FAMILIES, AS LONG AS THEY MEET THE APPLICATION DEADLINE. SCH ACADEMY IS COMMITTED TO SUPPORTING A STUDENT THROUGH GRADUATION AT THE SAME LEVEL OF FUNDING UNLESS THERE IS A CHANGE IN FINANCIAL CIRCUMSTANCES. A) AN AWARD IS CONTINGENT UPON THE FAMILY'S MEETING ITS FINANCIAL OBLIGATION TO SCH ACADEMY FOR THE CURRENT YEAR. B) SCH ACADEMY DOES NOT SET DIFFERENT STANDARDS OF BEHAVIOR OR ACADEMIC PERFORMANCE FOR FINANCIAL AID RECIPIENTS; HIGH ACADEMIC STANDARDS AND EXEMPLARY CITIZENSHIP ARE EXPECTED OF ALL STUDENTS. HOWEVER, STUDENTS ON ACADEMIC OR DISCIPLINARY PROBATION MAY LOSE THEIR ELIGIBILITY FOR FINANCIAL AID, AT THE DISCRETION OF THE HEAD OF SCHOOL OR PRESIDENT OF THE SCHOOL. 7) SCH ACADEMY HAS A FORMAL REVIEW PROCEDURE FOR FAMILIES WHO WISH TO REQUEST ADDITIONAL FUNDING, WHICH REQUIRES A WRITTEN APPEAL AND A SECOND MEETING OF THE FINANCIAL AID COMMITTEE. 8) SCH ACADEMY SAFEGUARDS THE CONFIDENTIALITY OF ALL FINANCIAL INFORMATION SUPPLIED BY A FAMILY, AND SHALL REFRAIN FROM AND DISCOURAGE OTHERS FROM MAKING ANY PUBLIC ANNOUNCEMENT OF THE AMOUNT OF FINANCIAL AID AWARDED TO A STUDENT. 9)SCH ACADEMY RESERVES THE RIGHT TO AMEND OR ALTER ANY FINANCIAL AID AWARD AT ANY TIME, AT THE SCHOOL'S SOLE DISCRETION, IF THE RECIPIENT HAS A MATERIAL CHANGE IN FINANCIAL CIRCUMSTANCES. X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 DELVIN M DINKINS HEAD OF SCHOOL 381978 0 30000 0 0 0 48875 0 71207 0 532060 0 0 0 FRANK V ALOISE JR CHIEF FINANCIAL OFFICER 282322 0 0 0 0 0 22365 0 26141 0 330828 0 0 0 PETER DIDONATO CHIEF INNOVATION OFFICER 189478 0 0 0 0 0 14974 0 23207 0 227659 0 0 0 DAVE WILSON HEAD OF ATHLETICS 168405 0 0 0 0 0 13268 0 20650 0 202323 0 0 0 JENNIFER MCHUGH DIR., MAJ. GIFTS/PLANNED GIVING 158041 0 0 0 0 0 13088 0 27424 0 198553 0 0 0 MATTHEW NORCINI DIVISION HEAD 162795 0 0 0 0 0 12562 0 11704 0 187061 0 0 0 MEADOW PEPINO DIVISION HEAD 149259 0 0 0 0 0 12026 0 17102 0 178387 0 0 0 DOUGLAS WAINWRIGHT DIVISION HEAD 159600 0 0 0 0 0 12201 0 4323 0 176124 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL DELVIN DINKINS RECEIVES ON-CAMPUS HOUSING. THIS BENEFIT IS MANDATORY PER THE EMPLOYMENT CONTRACT AND IS CONSIDERED NECESSARY DUE TO THE AMOUNT OF BUSINESS-RELATED ENTERTAINING AND DEVELOPMENT PERFORMED. THE VALUE OF THE HOUSING ALLOWANCE FOR THE CURRENT FISCAL YEAR IS $48,000. THIS BENEFIT IS NOT INCLUDED AS TAXABLE COMPENSATION. ADDITIONALLY, THE SCHOOL PAYS $200 PER WEEK FOR HOUSE CLEANING SERVICES. THIS BENEFIT IS NOT INCLUDED AS TAXABLE COMPENSATION. PART I, LINE 4B DELVIN DINKINS, HEAD OF SCHOOL, PARTICIPATES IN A 457 DEFERRED COMPENSATION PLAN. THE AMOUNT OF HIS 457 CONTRIBUTIONS WERE $23,000 FOR THE YEAR. PART I, LINE 7 THE BOARD OF DIRECTORS DECIDES TO AWARD A BONUS TO THE HEAD OF SCHOOL BASED UPON A NUMBER OF CRITERIA AND GOALS SET IN ADVANCE. THE HEAD OF SCHOOL DECIDES ON BONUS AWARDS FOR OTHER SENIOR EMPLOYEES. A PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 2018-05-02 35778470 REFUND OF PRIOR ISSUES AND FUNDING NEW CONSTRUCTION 0 0 0 A 3721215 35778470 479945 10000000 24818580 2019 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 WILMINGTON SAVINGS FUND SOC 12.830000000000 0 0 0 0 1 A 1 30000 TUITION TUITION REMISSION BENEFIT X 195878 COST X 10 229178 NYSE VALUE 0 0 1 0 PART I, COLUMN (B): THE AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF DONORS FORM 990, PART VI, SECTION A, LINE 2 DEBBIE MAINE AND THOMAS GREENWOOD HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY REVIEWED BY THE CHIEF FINANCIAL OFFICER. AN ELECTRONIC VERSION IS THEN PROVIDED TO THE VOTING MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ON A YEARLY BASIS. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPRESSLY MENTIONED IN THE STATEMENT. THE STATEMENTS ARE COLLECTED, REVIEWED AND RETAINED BY THE CHIEF FINANCIAL OFFICER. ANY POTENTIAL OR ACTUAL CONFLICTS WILL BE REVIEWED BY THE BOARD. INTERESTED PARTIES TO THE CONFLICT ABSTAIN FROM ANY DISCUSSIONS OR DECISIONS INVOLVING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNANCE COMMITTEE OVERSEES ALL MATTERS RELATED TO THE COMPOSITION AND OPERATIONS OF THE BOARD OF TRUSTEES, INCLUDING THE SELECTION PROCESS FOR NEW BOARD MEMBERS AND THE ORGANIZATION AND OPERATIONAL PROCESSES OF THE BOARD. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE COMPENSATION FOR THE HEAD OF SCHOOL, USING COMPARABLE COMPENSATION DATA TO ENSURE THAT THE HEAD'S COMPENSATION IS WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. THE COMPENSATION COMMITTEE THEN MAKES RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE FOR APPROVAL. DURING THE CURRENT YEAR, THE COMPENSATION AND EXECUTIVE COMMITTEES REVIEWED THE COMPENSATION FOR THE HEAD OF SCHOOL AND, AS PART OF THE PROCESS, REVIEWED COMPARABLE COMPENSATION DATA FOR SCHOOLS IN SCH PEER GROUP (INCLUDING LOCAL SCHOOLS AND SCHOOLS IN THE MID-ATLANTIC REGION). THE EXECUTIVE COMMITTEE MADE DETERMINATIONS BASED ON THIS REVIEW. IN ADDITION, THE HEAD OF SCHOOL USES LOCAL, REGIONAL AND NATIONAL ORGANIZATION COMPARATIVES TO DETERMINE KEY EMPLOYEES' SALARIES. THESE ORGANIZATIONS INCLUDE, BUT ARE NOT LIMITED TO, PAISBOA, NAIS AND NBOA. ALL DISCUSSIONS ARE DOCUMENTED IN COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET GAIN ON INTEREST SWAP AGREEMENT -513,918. GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 207,868. CHANGE IN VALUE OF SPLIT-INTEREST ARRANGEMENTS 4,147. AMORTIZATION OF DISCOUNT ON SPLIT-INTEREST ARRANGEMENTS 4,939. CHANGE IN CASH SURRENDER VALUE OF INSURANCE POLICY 19,681.