Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
MediumBullet Do not enter Social Security numbers on this form as it may be made public. By law, the IRS
generally cannot redact the information on the form.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
A For the 2013 calendar year, or tax year beginning 07-01-2013 , 2013, and ending 06-30-2014
BCheck if applicable:
CName of organization
SPRINGSIDE CHESTNUT HILL ACADEMY
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
500 W WILLOW GROVE AVENUE
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA19118
D Employer identification number

23-1352681
E Telephone number

G Gross receipts $ 64,202,733
F Name and address of principal officer:
FRANK V ALOISE JR
500 W WILLOW GROVE AVENUE
PHILADELPHIA,PA19118
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.SCH.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1879
M State of legal domicile: PA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: TO PROMOTE EDUCATION, INSTRUCTION AND TRAINING OF CHILDREN AND YOUNG PEOPLE.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 23
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 21
5 Total number of individuals employed in calendar year 2013 (Part V, line 2a) ...... 5 460
6 Total number of volunteers (estimate if necessary) ............. 6 160
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 2,527,283 15,667,390
9 Program service revenue (Part VIII, line 2g) ......... 16,754,616 31,438,483
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 327,364 3,269,901
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 315,997 586,964
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 19,925,260 50,962,738
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 3,200,371 6,455,137
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 11,106,289 20,236,934
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet2,126,270    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 6,553,536 12,310,058
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 20,860,196 39,002,129
19 Revenue less expenses. Subtract line 18 from line 12....... -934,936 11,960,609
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 106,362,152 120,919,736
21 Total liabilities (Part X, line 26)............. 39,595,997 39,755,297
22 Net assets or fund balances. Subtract line 21 from line 20..... 66,766,155 81,164,439
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ............
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2013)
Form 990 (2013)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: AT SPRINGSIDE CHESTNUT HILL ACADEMY WE EDUCATE STUDENTS TO BE INNOVATIVE LEADERS, BREAKTHROUGH THINKERS, AND IMAGINATIVE PROBLEM SOLVERS. WE CHALLENGE STUDENTS TO LEARN IN POWERFUL NEW WAYS, ENGAGE IN ACTIVE INQUIRY, HONE SKILLS OF CREATIVE AND ANALYTIC THINKING, AND CELEBRATE THE JOY OF DISCOVERY. THROUGH A RIGOROUS COLLEGE-PREPARATORY PROGRAM GROUNDED IN PROJECT-AND PASSION-BASED LEARNING, WE PREPARE OUR STUDENTS FOR THEIR FUTURE AS ACTIVE LEARNERS AND RESPONSIBLE GLOBAL CITIZENS. BLENDING THE BEST OF SINGLE-SEX EDUCATION AND COEDUCATION, WE EMPOWER AND PREPARE OUR YOUNG MEN AND WOMEN TO MEET CHALLENGES WITH COURAGE, INTEGRITY, AND RESPECT.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 32,795,338 including grants of $ 6,455,137 ) (Revenue $ 31,438,483 )
AT THE HEART OF THE SPRINGSIDE CHESTNUT HILL ACADEMY PROGRAM IS OUR FOCUS ON CULTIVATING THE ENTREPRENEURIAL MINDSET--NOT WITH THE INTENT OF MAKING BUSINESS OWNERS OF ALL OUR STUDENTS, BUT WITH THE GOAL OF NURTURING IN THEM CREATIVE, CAN-DO QUALITIES THAT ARE THE HALLMARK OF THE ENTREPRENEUR: INNOVATION, ADAPTABILITY, A WILLINGNESS TO STRETCH AND TAKE RISKS, AN UNDERSTANDING OF DATA, AND A LOVE FOR PROBLEM SOLVING.STUDENTS ACQUIRE THE ESSENTIAL KNOWLEDGE AND SKILLS ONE WOULD EXPECT FROM A RIGOROUS COLLEGE-PREPARATORY PROGRAM, BUT SPRINGSIDE CHESTNUT HILL ACADEMY GOES BEYOND THE EXPECTED AND OFFERS STUDENTS THE ADDITIONAL EXPERIENCE OF OUR CENTER FOR ENTREPRENEURIAL LEADERSHIP (CEL) CURRICULUM. CEL HAS BEEN DESIGNED TO SHARPEN THE SKILLS AND MINDSET IDENTIFIED AS ESSENTIAL FOR SUCCESS IN THE 21ST CENTURY WORKPLACE. SPRINGSIDE CHESTNUT HILL ACADEMY IS THE ONLY INDEPENDENT SCHOOL IN THE PHILADELPHIA REGION TO OFFER THIS "FUTURE READY" CURRICULUM.SPRINGSIDE CHESTNUT HILL ACADEMY HAS INNOVATIVE ACADEMIC DEPARTMENTS INCORPORATING SCIENCE, TECHNOLOGY, ENGINEERING AND THE ARTS (STEAM) WITH A STATE-OF-THE ART ROBOTICS AND ENGINEERING LAB, NEW MEDIA LAB AND A DEDICATED PHYSICS AND ENGINEERING LAB FOR LOWER SCHOOL. OUR STUDENTS AND FACULTY ARE REGULARLY HONORED FOR THEIR TEACHING, SCIENTIFIC RESEARCH AND ENGINEERING EXCELLENCE.SPRINGSIDE CHESTNUT HILL ACADEMY IS THE FIRST INDEPENDENT SCHOOL TO HAVE THE ENTIRE FACULTY TRAINED IN DESIGN THINKING. THE 62 ACRE CAMPUS IS NOW JOINED BY TREE-LINED WALKWAYS AND TOP-NOTCH ATHLETIC FIELDS.ACADEMICS: - 82% OF THE CLASS OF 2014 WERE ACCEPTED INTO THEIR FIRST-CHOICE COLLEGE OR UNIVERSITY.- 15% OF THE ENTIRE STUDENT BODY, GRADES 1-12, IS PARTICIPATING IN FIRST ROBOTICS PROGRAM WHERE THEY ARE APPLYING THEIR PHYSICS AND ENGINEERING KNOWLEDGE IN THE CONSTRUCTION OF ROBOTS AND ALSO LEARNING POSITIVE VALUES SUCH AS FRIENDLY COMPETITION, TEAMWORK, AND PERSEVERANCE.- 13 STUDENTS FROM THE CLASS OF 2014 WERE ADMITTED TO IVY LEAGUE INSTITUTIONS.- STUDENTS, GRADES 3-12, NOW HAVE ACCESS TO A PERSONAL COMPUTING DEVICE AS PART OF THE SCHOOL'S 1:1 PROGRAM.- A GROUP OF UPPER SCHOOL STUDENTS HAD AN OPPORTUNITY TO DO AN INDEPENDENT PROJECT IN WHICH THEY SERVED AS CONSULTANTS TO THE REGIONAL OFFICE OF AN INTERNATIONAL CORPORATION ON HOW TO MARKET TO MILLENNIALS.- 3 SCH STUDENTS ADVANCED TO FINALIST STANDING IN THE NATIONAL MERIT SCHOLARSHIP PROGRAM.- SCH ACADEMY'S SCIENCE DEPARTMENT CHAIR RECEIVED THE 2014 DUPONT TEACHING AWARD FROM THE DELAWARE VALLEY SCIENCE FAIRS.- AN SCH UPPER SCHOOL STUDENT WON BEST OF FAIR IN THE 2014 GEORGE WASHINGTON CARVER SCIENCE FAIR.ATHLETICS: - 60 STUDENT-ATHLETES WERE NAMED TO ALL-INTER-AC TEAMS IN 2013-2014.- SQUASH TEAMS EARNED THREE CHAMPION TITLES AT THE MIDDLE STATES SQUASH ASSOCIATION CHAMPIONSHIPS IN 2014: TWO FOR THE BOYS' VARSITY (DIVISIONS 1 & 2) AND ONE FOR GIRLS' JUNIOR VARSITY.- VARSITY BOYS ALSO WON THE INTER-AC CHAMPIONSHIP.ARTS:- STUDENTS WON 1ST PLACE IN THE 2013 GREENFIELD YOUTH FILM FESTIVAL AND WERE FINALISTS IN THE NARRATIVE CATEGORY AT THE 2013 WHYY YOUTH MEDIA AWARD.- SCH UPPER SCHOOL STUDENTS RECEIVED 19 SCHOLASTIC ART AWARDS IN 2014.- SCH STUDENTS WORKED WITH STUDENTS FROM BOYS' LATIN AND THE SAINT FRANCES DESALES SCHOOL YOUTH ORCHESTRA PLAY ON, PHILLY! AND WITH STAFF AND STUDENTS FROM DREXEL UNIVERSITY'S EXCITE CENTER TO PRODUCE A PUBLIC ART EVENT INVOLVING REMIXED MUSIC AND A HIGH-TECH LIGHT SHOW AS PART OF THE 2014 PHILADELPHIA SCIENCE FESTIVAL.
4b (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet32,795,338
Form 990 (2013)
Form 990 (2013)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment........................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II........
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C,
Part III............................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment.........................
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule EClick to see attachment....
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions).... Click to see attachment
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III................... Click to see attachment
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2013)
Form 990 (2013)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II... Click to see attachment
21
 
No
22
Did the organization report more than $5,000 of grants or other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment
22
Yes
 
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a................ Click to see attachment
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I........
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I...................
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If so, complete Schedule L, Part II....................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV ..........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes,"
complete Schedule L, Part IV.....................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M............. Click to see attachment
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I........
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1........................
34
 
No
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2013)
Form 990 (2013)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V ..............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
146
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
460
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?............
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?..........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?.......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2013)
Form 990 (2013)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
23
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
21
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
PA
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization:
MediumBulletFRANK V ALOISE JR CHIEF FINANCIAL OFFICER500 WEST WILLOWPHILADELPHIAPA191184135 (215) 247-7200
Form 990 (2013)
Form 990 (2013)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII ..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) DR PRISCILLA G SANDS........................................................................
PRESIDENT
 50.00
.......................   		X   X       611,103 0 80,467
(2) RICHARD A HAYNE........................................................................
CHAIRMAN
 4.00
.......................   		X   X       0 0 0
(3) STEVEN H KAPP........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(4) DEBORAH E MAINE........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(5) MICHAEL J BARRIST........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(6) ANN-MARIE CORNER........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(7) MIMS MAYNARD ZABRISKIE........................................................................
SECRETARY
 4.00
.......................   		X   X       0 0 0
(8) AMY L BANSE........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(9) PAMELA VON SELDENECK HARRIS........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(10) ROSALIE HUNTER........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(11) STACEY PERPER METHVIN........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(12) ELLIN DIXON MILLER........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(13) ROBERT M PECK........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(14) JOFFIE C PITTMAN........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(15) SCOTT RANKIN........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(16) WILLIAM S SMILOW........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(17) DR RODNEY TAYLOR........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
Form 990 (2013)
Form 990 (2013)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) FRANCIS P STEEL JR........................................................................
BOARD MEMBER/HEAD OF SCHOOL
 50.00
.......................   		X   X       239,760 0 89,171
(19) BRIAN VOGT........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(20) ERIC W NOLL........................................................................
TREASURER
 4.00
.......................   		X   X       0 0 0
(21) RENEE CHENAULT-FATTAH........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(22) PATRICK LINDSAY........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(23) MARIA SORDONI........................................................................
BOARD MEMBER
 1.00
.......................   		X           0 0 0
(24) FRANK V ALOISE JR........................................................................
CHIEF FINANCIAL OFFICER
 50.00
.......................   		    X       219,951 0 37,542
(25) PETER DIDONATO........................................................................
CHIEF INNOVATION OFFICER
 50.00
.......................   		        X   126,389 0 9,038
(26) MARILYN TINARI........................................................................
HEAD OF MIDDLE SCHOOL
 50.00
.......................   		        X   111,500 0 8,363
(27) CHRISTINE HEINE........................................................................
ASSISTANT HEAD OF SCHOOL
 50.00
.......................   		        X   134,344 0 35,710
(28) KATE NOEL........................................................................
DIRECTOR OF EXTERNAL AFFAIRS
 50.00
.......................   		        X   141,758 0 29,832
(29) PETER RANDALL........................................................................
CHAIR, ENGINEERING & ROBOTICS
 50.00
.......................   		        X   112,475 0 26,581


1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 1,697,280 0 316,704
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet11
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
MIDATLANTIC SPORTS CONSTRUCTION LLC1000 CONSHOHOCKEN AVENUECONSHOHOCKENPA19428 CONSTRUCTION 1,015,967
WALLACE ROBERTS & TODD LLC1700 MARKET STREET 28TH FLOORPHILADELPHIAPA19103 ARCHITECTURAL SVC. 163,595
ADVANCE PLAY VENTURES650 SENTRY PARKBLUE BELLPA19422 PROFESSIONAL SVC. 120,000
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet3
Form 990 (2013)
Form 990 (2013)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c 106,636
d Related organizations...1d  
e Government grants (contributions)1e 136,738
f All other contributions, gifts, grants, and
similar amounts not included above1f 		15,424,016
g Noncash contributions included in lines
1a-1f:$ 		6,480,086
h Total. Add lines 1a-1f.......MediumBullet 15,667,390
Program Service RevenueAmt Business Code
2a TUITION 611710 29,805,464 29,805,464    
b FOOD SERVICES 611710 1,047,886 1,047,886    
c ATHLETICS AND SUMMER PROGRAMS 611710 329,815 329,815    
d CEL INCOME 611710 132,353 132,353    
e MUSIC INSTRUCTION 611710 122,965 122,965    
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 31,438,483
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 801,210     801,210
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties...........MediumBullet        
(i) Real (ii) Personal
6a Gross rents 147,913  
b Less: rental expenses 46,054  
c Rental income or (loss) 101,859  
d Net rental income or (loss).......MediumBullet 101,859     101,859
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 15,504,037  
b Less: cost or other basis and sales expenses 13,035,346  
c Gain or (loss) 2,468,691  
d Net gain or (loss)..........MediumBullet 2,468,691     2,468,691
8a Gross income from fundraising events (not including
$ 106,636
of contributions reported on line 1c). See Part IV, line 18 ..
a 51,273
b Less: direct expenses ...b 48,930
c Net income or (loss) from fundraising events..MediumBullet 2,343   2,343
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a 185,548
b Less: cost of goods sold ..b 109,665
c Net income or (loss) from sales of inventory..MediumBullet 75,883     75,883
Miscellaneous Revenue Business Code
11a AFTER SCHOOL INCOME 611710 180,688     180,688
b APPLICATION AND LATE FEES 611710 40,413     40,413
c TRANSPORTATION SERVICES 611710 33,950     33,950
d All other revenue .... 151,828     151,828
e Total. Add lines 11a–11d ...... MediumBullet 406,879
12 Total revenue. See Instructions......MediumBullet 50,962,738 31,438,483 0 3,856,865
Form 990 (2013)
Form 990 (2013)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21    
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 6,455,137 6,455,137
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 1,269,571   1,269,571  
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 14,838,584 12,566,093 1,242,039 1,030,452
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 858,971 741,752 55,069 62,150
9 Other employee benefits ....... 2,237,714 1,957,399 102,331 177,984
10 Payroll taxes ........... 1,032,094 845,903 117,720 68,471
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 51,055   51,055  
c Accounting ........... 73,761   73,761  
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 63,251   63,251  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........ 569,766 533,339 19,442 16,985
12 Advertising and promotion .... 21,524 5,582 9,402 6,540
13 Office expenses ....... 708,850 528,082 30,823 149,945
14 Information technology ...... 150,608 80,768 53,407 16,433
15 Royalties ..        
16 Occupancy ........... 2,644,531 2,262,981 247,571 133,979
17 Travel ............ 72,819 29,879 36,265 6,675
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 58,248 38,947 17,219 2,082
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 3,696,960 3,099,901 387,441 209,618
23 Insurance .............. 284,837 284,837    
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a PLANT OPERATIONS 1,386,459 1,088,133 193,589 104,737
b CAFETERIA 1,094,214 1,094,214    
c STUDENT ACTIVITIES 483,235 483,235    
d HOSPITALITY 292,276 99,622 64,310 128,344
e All other expenses 657,664 599,534 46,255 11,875
25 Total functional expenses. Add lines 1 through 24e 39,002,129 32,795,338 4,080,521 2,126,270
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2013)
Form 990 (2013)
Page 11
Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ............. 1,725 1 3,224
2 Savings and temporary cash investments ......... 3,454,115 2 7,806,863
3 Pledges and grants receivable, net ........... 1,060,072 3 7,164,116
4 Accounts receivable, net ............. 764,901 4 785,810
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
  6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use .............. 101,051 8 106,866
9 Prepaid expenses and deferred charges .......... 230,516 9 195,185
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 98,490,378
b Less: accumulated depreciation ..... 10b 37,420,959 61,699,339 10c 61,069,419
11 Investments—publicly traded securities .......... 28,411,272 11 29,558,988
12 Investments—other securities. See Part IV, line 11 ..... 8,555,484 12 13,040,383
13 Investments—program-related. See Part IV, line 11 .....   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 2,083,677 15 1,188,882
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 106,362,152 16 120,919,736
Liabilities 17 Accounts payable and accrued expenses ......... 2,001,961 17 1,965,456
18 Grants payable .................   18  
19 Deferred revenue ................ 8,363,954 19 8,268,883
20 Tax-exempt bond liabilities ............. 25,515,408 20 25,515,408
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties .. 3,369,821 23 3,466,294
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 344,853 25 539,256
26 Total liabilities. Add lines 17 through 25......... 39,595,997 26 39,755,297
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. 32,423,741 27 30,202,555
28 Temporarily restricted net assets ........... 10,153,721 28 25,656,947
29 Permanently restricted net assets ........... 24,188,693 29 25,304,937
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 66,766,155 33 81,164,439
34 Total liabilities and net assets/fund balances ........ 106,362,152 34 120,919,736
Form 990 (2013)
Form 990 (2013)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
50,962,738
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
39,002,129
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
11,960,609
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
66,766,155
5
Net unrealized gains (losses) on investments ...............
5
2,180,604
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
257,071
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
81,164,439
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2013)
Form 990, Special Condition Description:
Special Condition Description
Additional Data


Software ID:  
Software Version:  
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
right arrow Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
Name of the organization
SPRINGSIDE CHESTNUT HILL ACADEMY
 
Employer identification number

23-1352681
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the supported organization? ................
11g(i)
 
 
(ii) A family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) A 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) (iv) Is the organization in col. (i) listed in your governing document? (v) Did you notify the organization in col. (i) of your support? (vi) Is the organization in col. (i) organized in the U.S.? (vii) Amount of monetary support
Yes No Yes No Yes No
Total  

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..  
6 Public support. Subtract line 5 from line 4.  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..            
11 Total support (Add lines 7 through 10).  
12
12
 
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization, check this box and stop here.................................................right arrow
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 4
Part IV
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2013

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Name of the organization
SPRINGSIDE CHESTNUT HILL ACADEMY
 
Employer identification number

23-1352681
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......................... Arrow Bullet $  
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
Page 2
Name of organization
SPRINGSIDE CHESTNUT HILL ACADEMY
  		Employer identification number

23-1352681
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

   
RESTRICTED
RESTRICTED
RESTRICTED, RESTRICTEDRESTRICTED

$RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
Page 3
Name of organization
SPRINGSIDE CHESTNUT HILL ACADEMY
  		Employer identification number

23-1352681
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
Page 4
Name of organization
SPRINGSIDE CHESTNUT HILL ACADEMY
  		Employer identification number

23-1352681
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions. SchDMd Bullet Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
SPRINGSIDE CHESTNUT HILL ACADEMY
 
Employer identification number

23-1352681
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) .....    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2013

Schedule D (Form 990) 2013
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 36,741,273 15,413,099 16,525,621 14,200,328 12,699,697
b Contributions ........ 619,738 76,134 148,215 99,743 323,384
c Net investment earnings, gains, and losses 5,798,433 1,984,927 -322,041 2,899,550 1,680,436
d Grants or scholarships .....          
e Other expenditures for facilities
and programs ........ 		1,609,076 1,673,222 938,696 674,000 503,189
f Administrative expenses ....          
g End of year balance ...... 41,550,368 15,800,938 15,413,099 16,525,621 14,200,328
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet16.000 %
b
Permanent endowment SchDMd Bullet58.000 %
c
Temporarily restricted endowment SchDMd Bullet26.000 %
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
Yes
 
(ii) related organizations ........................
3a(ii)
 
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   365,000 365,000
b Buildings ................   89,590,370 34,166,060 55,424,310
c Leasehold improvements ............        
d Equipment ................   6,217,389 2,371,055 3,846,334
e Other .................   2,317,619 883,844 1,433,775
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 61,069,419
Schedule D (Form 990) 2013

Schedule D (Form 990) 2013
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) INVESTMENT-STABLE VALUE 		1,464,985 F

(B) INVESTMENT-CRUT 		420,101 F

(C) BENEFICIAL INTEREST IN PERPETUAL TRUST 		5,364,780 F

(D) INVESTMENT - KANE ANDERSON 		1,488,000 F

(E) SPLIT INTEREST AGREEMENTS 		628,902 F

(F) INVESTMENT-ABS 		1,740,815 F

(G) INVESTMENT-MAGNITUDE 		1,650,000 F

(H) INVESTMENT-SIGULER GUFF 		282,800 F

Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 13,040,383
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes  
DEFERRED COMPENSATION 81,088
SPECIAL AGENCY FUNDS 335,378
DISCOUNT FOR FUTURE INTEREST - LIFETIME ANUUITY 122,790






Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 539,256
2. Liability for uncertain tax positions In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII ..................................................
Schedule D (Form 990) 2013

Schedule D (Form 990) 2013
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 47,037,743
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a 2,180,604
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d -6,198,067
e Add lines 2a through 2d ..................... 2e -4,017,463
3 Subtract line 2e from line 1..................... 3 51,055,206
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a 63,251
b Other (Describe in Part XIII.) ........... 4b -155,719
c Add lines 4a and 4b....................... 4c -92,468
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 50,962,738
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 32,639,460
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d 155,719
e Add lines 2a through 2d...................... 2e 155,719
3 Subtract line 2e from line 1..................... 3 32,483,741
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 63,251
b Other (Describe in Part XIII.) ............ 4b 6,455,137
c Add lines 4a and 4b....................... 4c 6,518,388
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 39,002,129
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
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. THE SCHOOL'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR 2013, 2012, AND 2011 REMAIN SUBJECT TO EXAMINATION BY THE IRS. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES.
PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -6,455,137. NET LOSS ON INTEREST SWAP AGREEMENT -241,478. GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 388,778. CHANGE IN VALUE OF SPLIT-INTEREST ARRANGEMENTS 44,039. AMORTIZATION OF DISCOUNT ON SPLIT-INTEREST ARRANGEMENTS 15,333. GAIN ON BENEFICIAL INTEREST IN CHARTIBLE TRUST 50,398.
PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOKSTORE EXPENSES -109,665. RENTAL EXPENSES -46,054.
PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 46,054. BOOKSTORE EXPENSES 109,665.
PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,455,137.
PART V, LINE 1A - BEGINNING OF YEAR BALANCE: THE BEGINNING BALANCE OF THE ENDOWMENT REFLECTS THE MERGER OF CHESTNUT HILL ACADEMY AND SPRINGSIDE SCHOOL. THE ENDOWMENTS OF BOTH SCHOOLS WERE COMBINED.
Schedule D (Form 990) 2013

Additional Data


Software ID:  
Software Version:  




SCHEDULE E(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Schools
Right pointing arrow large imageComplete if the organization answered "Yes" to Form 990,
Part IV, line 13, or Form 990-EZ, Part VI, line 48.
Right pointing arrow large image Attach to Form 990 or Form 990-EZ.
Right pointing arrow large image Information about Schedule E (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
SPRINGSIDE CHESTNUT HILL ACADEMY
 
Employer identification number

23-1352681
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? ......................
1
Yes
 
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? ......................................
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during
the period of solicitation for students, or during the registration period if it has no solicitation program, in a way
that makes the policy known to all parts of the general community it serves? If "Yes," please describe. If "No,"
please explain. If you need more space use Part II. .............................
3
Yes
 
 
4
Does the organization maintain the following?
a
Records indicating the racial composition of the student body, faculty, and administrative staff? ..........
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? ...............................................
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? ...........................
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? ..............
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? .....................................
5a
 
No
b
Admissions policies? .........................................
5b
 
No
c
Employment of faculty or administrative staff? ..............................
5c
 
No
d
Scholarships or other financial assistance? ................................
5d
 
No
e
Educational policies? .........................................
5e
 
No
f
Use of facilities? ...........................................
5f
 
No
g
Athletic programs? ..........................................
5g
 
No
h
Other extracurricular activities? .....................................
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? ...........
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? ...................
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain on Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II.
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990 or Form 990-EZ.
Cat. No. 50085D
Schedule E (Form 990 or 990-EZ) 2013
Schedule E (Form 990 or 990EZ) 2013
Page 2
Part II
Supplemental Information. Provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also complete this part to provide any other additional information (see instructions).
Return Reference Explanation
SCHEDULE E, PART I, LINE 3 ADVERTISEMENT IN LOCAL PAPERS DESCRIBING NONDISCRIMINATORY POLICY, SHARED ADS WITH OTHER LOCAL INDEPENDENT SCHOOLS
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.
Schedule E (Form 990 or 990-EZ) 2013
Additional Data


Software ID:  
Software Version:  
SCHEDULE G (Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrowAttach to Form 990 or Form 990-EZ. right arrowSee separate instructions.
right arrowInformation about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
SPRINGSIDE CHESTNUT HILL ACADEMY
 
Employer identification number

23-1352681
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
Form 990-EZ filers are not required to complete this part.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
             
             
             
             
             
             
             
             
             
             
Total .................right arrow      
3
List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.
For Paperwork Reduction Act Notice, see the Instructions for Form 990or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2013
Schedule G (Form 990 or 990-EZ) 2013
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.
(a) Event #1

ROCK THE BLOCK/HOUSE TOUR
(event type) 		(b) Event #2

CAMP FAIR
(event type) 		(c) Other events

 
(total number) 		(d) Total events
(add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 129,136 28,773   157,909
2 Less: Contributions . . 87,133 19,503   106,636
3 Gross income (line 1
minus line 2) . . . 		42,003 9,270   51,273
VerticalDirectExpenses 4 Cash prizes . . .        
5 Noncash prizes . .        
6 Rent/facility costs . .        
7 Food and beverages . 23,100 170   23,270
8 Entertainment . . . 5,885     5,885
9 Other direct expenses . 10,675 9,100   19,775
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 48,930
11 Net income summary. Subtract line 10 from line 3, column (d)........... right arrow 2,343
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
%
%
%
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Subtract line 7 from line 1, column (d) ......... right arrow  
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," explain:
 
Schedule G (Form 990 or 990-EZ) 2013
Schedule G (Form 990 or 990-EZ) 2013
Page 3
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ..........................
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
%
b
An outside facility ........................
13b
%
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v), and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also complete this part to provide any additional information (see instructions).
Return Reference Explanation
Schedule G (Form 990 or 990-EZ) 2013
Additional Data


Software ID:  
Software Version:  
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
lBullet Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
Name of the organization
SPRINGSIDE CHESTNUT HILL ACADEMY
 
Employer identification number
23-1352681
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance






















2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
 
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2013

Schedule I (Form 990) 2013
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance
(1) SCHOLARSHIPS & FINANCIAL AID FOR VARIOUS STUDENTS 436 6,445,137      












Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Return Reference Explanation
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 SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS.NAIS.ORG) FOLLOWING THE FAMILY'S ONLINE SUBMISSION OF A COMPLETED PARENTS' FINANCIAL STATEMENT, SUPPLEMENTED BY AN UPLOADED COPY OF THE MOST RECENT IRS 1040 FORM AND A RECENT PAYSTUB TO VERIFY EARNINGS. 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.
Schedule I (Form 990) 2013


Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
SPRINGSIDE CHESTNUT HILL ACADEMY
 
Employer identification number

23-1352681
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2013

Schedule J (Form 990) 2013
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1)DR PRISCILLA G SANDSPRESIDENT (i)
(ii)		 452,500
0 		158,603
0 		0
0 		19,125
0 		61,342
0 		691,570
0 		0
0
(2)FRANCIS P STEEL JRBOARD MEMBER/HEAD OF SCHOOL (i)
(ii)		 239,760
0 		0
0 		0
0 		18,937
0 		70,234
0 		328,931
0 		0
0
(3)FRANK V ALOISE JRCHIEF FINANCIAL OFFICER (i)
(ii)		 194,951
0 		25,000
0 		0
0 		15,525
0 		22,017
0 		257,493
0 		0
0
(4)CHRISTINE HEINEASSISTANT HEAD OF SCHOOL (i)
(ii)		 134,344
0 		0
0 		0
0 		11,063
0 		24,647
0 		170,054
0 		0
0
(5)KATE NOELDIRECTOR OF EXTERNAL AFFAIRS (i)
(ii)		 141,758
0 		0
0 		0
0 		11,363
0 		18,469
0 		171,590
0 		0
0
Schedule J (Form 990) 2013

Schedule J (Form 990) 2013
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Return Reference Explanation
PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES SPOUSAL TRAVEL, ON-CAMPUS HOUSING, AND CLUB DUES. THESE BENEFITS ARE MANDATORY PER THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT AND ARE CONSIDERED NECESSARY DUE TO THE AMOUNT OF BUSINESS-RELATED ENTERTAINING AND DEVELOPMENT PERFORMED BOTH ON AND OFF-SITE. THE VALUE OF THE HOUSING ALLOWANCE WAS $48,000. THERE WERE NO TRAVEL COSTS DURING THE CURRENT YEAR. THESE BENEFITS ARE NOT INCLUDED AS TAXABLE COMPENSATION.
PART I, LINE 4B PRISCILLA SANDS PARTICIPATES IN A NON-QUALIFIED PLAN. FOR THE CALENDAR YEAR, THE MAXIMUM AMOUNT ALLOWED, $17,500, WAS CONTRIBUTED TO THE PLAN ON HER BEHALF.
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.
Schedule J (Form 990) 2013

Additional Data


Software ID:  
Software Version:  
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
Name of the organization
SPRINGSIDE CHESTNUT HILL ACADEMY
 
Employer identification number
23-1352681
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer 		(i) Pool
financing
Yes No Yes No Yes No
A PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT
  		23-2237287   12-03-2012 25,515,408 REFUND OF PRIOR ISSUES   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . .        
2 Amount of bonds legally defeased . . . . . . . . . . .        
3 Total proceeds of issue . . . . . . . . . . . . . . 25,515,408      
4 Gross proceeds in reserve funds . . . . . . . . . . . .        
5 Capitalized interest from proceeds . . . . . . . . . . .        
6 Proceeds in refunding escrows . . . . . . . . . . . .        
7 Issuance costs from proceeds . . . . . . . . . . . . 315,408      
8 Credit enhancement from proceeds . . . . . . . . . . .        
9 Working capital expenditures from proceeds . . . . . . . . .        
10 Capital expenditures from proceeds . . . . . . . . . . .        
11 Other spent proceeds . . . . . . . . . . . . . . 25,200,000      
12 Other unspent proceeds . . . . . . . . . . . . . .        
13 Year of substantial completion . . . . . . . . . . . . 2012
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . . X              
15 Were the bonds issued as part of an advance refunding issue? . . . . .   X            
16 Has the final allocation of proceeds been made? . . . . . . . . X              
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . . X              
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X            
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X            
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2013
Schedule K (Form 990) 2013
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . .   X            
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?                
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .   X            
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?                
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0 %      
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0 %      
6 Total of lines 4 and 5 . . . . . . . . . . . . . 0 %      
7 Does the bond issue meet the private security or payment test? . . . . .   X            
8a Has there been a sale or disposition of any of the bond financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X            
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of.        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? . . . . . . . 		X              
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T? . . . . .   X            
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .   X            
b Exception to rebate? . . . . . . . . X              
c No rebate due? . . . . . . . .   X            
If you checked "No rebate due" in line 2c, provide in
Part VI the date the rebate computation was performed
3 Is the bond issue a variable rate issue? . . . .   X            
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue? X              
b Name of provider . . . . . . . . . PNC BANK NATIONAL
ASSOCIATION 		 
  		 
  		 
 
c Term of hedge . . . . . . . . . . 20.640000000000      
d Was the hedge superintegrated? . . . .   X            
e Was the hedge terminated? . . . . . .   X            
Schedule K (Form 990) 2013
Schedule K (Form 990) 2013
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .   X            
b Name of provider . . . . . . . . .  
  		 
  		 
  		 
 
c Term of GIC . . . . . . . . . .        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .                
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X            
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X              
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X              
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
Schedule K (Form 990) 2013

Additional Data


Software ID:  
Software Version:  

SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large imageComplete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large imageInformation about Schedule M (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
SPRINGSIDE CHESTNUT HILL ACADEMY
 
Employer identification number

23-1352681
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art ....        
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications .. X 136,738 PURCHASE PRICE
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 9 11,620,290 NYSE VALUE
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( )
26 Other Right pointing arrow large image( )
27 Other Right pointing arrow large image( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...
29
 
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that
it must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
Yes
 
b
If "Yes," describe in Part II.
33
If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2013)
Schedule M (Form 990) (2013)
Page 2
Part II
Supplemental Information. Provide the information required by Part I, lines 30b,
32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Return Reference Explanation
PART I, LINE 32B: THE FILING ORGANIZATION USES THE BROKERAGE FIRM UBS TO RECEIVE NON-STOCK GIFTS. ALL SECURITIES DONATIONS ARE IMMEDIATELY SOLD UNLESS DONOR RESTRICTIONS STIPULATE OTHERWISE.
Schedule M (Form 990) (2013)
Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
Name of the organization
SPRINGSIDE CHESTNUT HILL ACADEMY
 
Employer identification number

23-1352681
Return Reference Explanation
FORM 990, PART III, LINE 2 IN 2013-2014, SPRINGSIDE CHESTNUT HILL ACADEMY (SCH) LAUNCHED ITS VENTURE INCUBATOR, AN ELECTIVE COURSE FOR STUDENTS IN GRADES 4-12 WHO ARE INTERESTED IN BRINGING AN IDEA TO LIFE. UNDER THE UMBRELLA OF THE CENTER FOR ENTREPRENEURIAL LEADERSHIP, THE VENTURE INCUBATOR (CEL VI) GIVES STUDENTS PRACTICE IN ANALYZING THE VIABILITY OF AN IDEA, WHETHER IT IS A COMMERCIAL PRODUCT, SERVICE, EVENT, OR OTHER INNOVATION. STUDENTS ARE GUIDED THROUGH A PROCESS IN WHICH THEY CONSIDER THEIR IDEA FROM FINANCIAL, MARKETING, AND PRODUCTION/COST PERSPECTIVES. THE GOAL OF THE COURSE IS TO HELP STUDENTS BRING THEIR IDEAS TO FRUITION. SCH LAUNCHED THE PUBLIC PHASE OF PHASE II OF ITS CAPITAL CAMPAIGN-CONSTRUCTION OF A NEW LOWER SCHOOL BUILDING FOR ITS BOYS' AND GIRLS' LOWER SCHOOLS. THE NEW BUILDING WILL ADVANCE THE SCHOOL'S MISSION ON SEVERAL FRONTS: (1) THE BUILDING'S PROXIMITY TO WISSAHICKON VALLEY PARK AND ITS TRAILS WILL ENABLE LOWER SCHOOL FACULTY TO INCORPORATE OUTDOOR LEARNING AND THE STUDY OF THIS NATIVE HABITAT TO AN EVEN GREATER DEGREE INTO THE CURRICULUM; (2) THE BUILDING WILL ADVANCE THE SCHOOL'S COMMITMENT TO SUSTAINABILITY THROUGH ITS ENVIRONMENTALLY SENSITIVE DESIGN, INCLUDING USE OF NATURAL LIGHT AND MATERIALS; AND (3) THE BUILDING WILL OFFER A DYNAMIC MIX OF ACTIVE LEARNING AND QUIET RETREAT SPACES, AND OF FLEXIBLE AS WELL AS SPECIALIZED LEARNING SPACES, WHICH ADVANCES THE SCHOOL'S COMMITMENT TO SUPPORT BEST TEACHING PRACTICE THROUGH OPTIMALLY DESIGNED LEARNING ENVIRONMENTS.
FORM 990, PART III, LINE 3 LAST YEAR THE SCHOOL INTRODUCED ADDITIONAL SPACES IN THE TWO LOWER SCHOOLS FOR CREATIVE PLAY, BUILDING, AND COLLABORATION WHICH ADVANCES OUR COMMITMENT TO PROJECT-BASED, SELF-DIRECTED LEARNING. IN THE LOWER SCHOOL FOR BOYS, WE DEDICATED A MUCH LARGER SPACE FOR OUR EXISTING IMAGINEERING LAB, ENABLING A WIDER INVENTORY OF CONSTRUCTION MATERIALS AND SPACE FOR BUILDING. IN THE GIRLS' LOWER SCHOOL, A NEW SPACE SIMILAR IN FUNCTION TO THE IMAGINEERING LAB AND CALLED THE MAKER SPOT WAS ADDED TO COMPLEMENT THE GIRLS' EXISTING PHYSICS AND ENGINEERING LAB. A NEW, ENLARGED SPACE FOR THE CENTER FOR ENTREPRENEURIAL LEADERSHIP WAS ALSO OPENED IN 2014. THE SPACE PROVIDES ROOM FOR GROUP STUDY, COLLABORATION, AND PRESENTATION. THE SPACE IS AVAILABLE FOR CLASSES AND ACTIVITIES RELATED TO CEL AND THE VENTURE INCUBATOR, AS WELL AS OTHER CLASS PROJECTS REQUIRING CREATIVE SPACE. THE RENOVATION OF SCH ACADEMY'S HENRY LIBRARY, THANKS TO A GRANT FROM THE WILLIAM B. DIETRICH FOUNDATION, HAS CREATED NOT ONLY AN ACCURATELY RESTORED HISTORIC SPACE BUT A LIGHT AND AIRY ENVIRONMENT FOR READING, WORKING, AND REFLECTING. THE RENOVATION WORK ENCOMPASSED CLEANING AND REPAIRING THE LIBRARY'S EXTENSIVE WOODWORK, STONE WINDOW CASINGS, AND WONDERFUL STONE CARVED FIREPLACE; INSTALLING NEW LIGHTING AND WIRING; REPAIRING AND CLEANING THE LEADED WINDOWS; AND REMOVING THE WALL-TO-WALL CARPETING TO REVEAL THE ORIGINAL HARDWOOD FLOOR. COMFORTABLE SEATING, AREA RUGS, AND STICKLEY-STYLE CHAIRS WILL SOON REPLACE THE ECLECTIC FURNITURE ACCRUED OVER THE YEARS.
FORM 990, PART VI, SECTION A, LINE 1 HONORARY AND EMERITA MEMBERS DO NOT VOTE.
FORM 990, PART VI, SECTION A, LINE 2 FRANK P. STEEL, JR., HEAD OF SCHOOL, AND JAMES M. TALBOT, BOARD MEMBER, HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS INITIALLY REVIEWED BY THE CHIEF FINANCIAL OFFICER, THE PRESIDENT, AND THE CHAIR OF THE GOVERNANCE COMMITTEE. 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, OFFICERS, AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTERESTS 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 OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSEEING THE IMPLEMENTATION AND EXECUTION OF ALL HUMAN RESOURCES POLICIES, INCLUDING COMPENSATION. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE COMPENSATION FOR OFFICERS USING COMPARABLE COMPENSATION DATA TO ENSURE ALL OFFICERS' COMPENSATION IS WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. THE COMPENSATION COMMITTEE THEN MAKES RECOMMENDATIONS TO THE GOVERNANCE COMMITTEE WITH RESPECT TO OFFICERS' COMPENSATION. DURING THE CURRENT YEAR, THE COMPENSATION AND GOVERNANCE COMMITTEES REVIEWED THE COMPENSATION FOR OFFICERS AND, AS PART OF THE PROCESS, REVIEWED COMPARABLE COMPENSATION DATA FOR SCHOOLS IN SPRINGSIDE'S PEER GROUP (INCLUDING LOCAL SCHOOLS AND SCHOOLS IN THE MID-ATLANTIC REGION). THE GOVERNANCE COMMITTEE MADE DETERMINATIONS BASED ON THIS REVIEW. IN ADDITION, THE PRESIDENT 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 -241,478. GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 388,779. CHANGE IN VALUE OF SPLIT-INTEREST ARRANGEMENTS 44,039. AMORTIZATION OF DISCOUNT ON SPLIT-INTEREST ARRANGEMENTS 15,333. GAIN ON BENEFICIAL INTEREST IN CHARTIBLE TRUST 50,398.
FORM 990, SCHEDULE D, PART V THE ENDOWMENT ROLLFORWARD DOESN'T APPEAR TO BE CORRECT FROM THE ENDING BALANCE OF JUNE 30, 2013 TO THE BEGINNING BALANCE OF JULY 1, 2013. NOTE THAT THE ENDOWMENTS OF BOTH THE FORMER CHESTNUT HILL ACADEMY AND SPRINGSIDE SCHOOL WERE COMBINED WHEN THE TWO SCHOOLS MERGED. ALTHOUGH THE ENDING AND BEGINNING BALANCES DON'T APPEAR RECONCILED, THE PRESENTATION IS CORRECT GIVEN THE MERGER OF THE TWO SCHOOLS INTO ONE EDUCATIONAL INSTITUTION.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2013

Additional Data


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