2024-05-08T15:44:52-05:00 2023-06-30 390859910 BAKER TILLY US LLP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2022-07-01 386143974 GREENHILLS SCHOOL GREE 7347694010 850 GREENHILLS DRIVE ANN ARBOR MI 48105 JOHN R NICKEL CHIEF FINANCIAL OFFICER 7347694010 2024-05-08 1 JOHN NICKEL XXX-XX-XXXX 1 TROY MARINE CPA P00187863 4147775500 2024-05-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PETER B FAYROIAN 850 GREENHILLS DRIVE ANN ARBOR MI 48105 23375159 0 X WWW.GREENHILLSSCHOOL.ORG X 1968 MI GREENHILLS SCHOOL IS A STUDENT-CENTERED COMMUNITY THAT HELPS YOUNG PEOPLE REALIZE THEIR FULL INTELLECTUAL, ETHICAL, ARTISTIC, AND ATHLETIC POTENTIAL IN PREPARATION FOR COLLEGE AND BEYOND AS CURIOUS, CREATIVE, AND RESPONSIBLE CITIZENS WHO RESPECT ALL INDIVIDUALS AND THEIR DIFFERENCES, AND WHOSE MEANINGFUL AND BALANCED LIVES WILL BETTER THE WORLD.THE PROMOTION OF DIVERSITY IS ESSENTIAL TO THE ETHOS AND PRACTICES OF GREENHILLS SCHOOL. WE BELIEVE THAT PEOPLE FROM ALL RACES, CULTURES, SOCIO-ECONOMIC BACKGROUNDS, GENDERS, ABILITIES, RELIGIONS, AND SEXUALITIES ARE SOURCES OF STRENGTH THAT ENRICH TEACHING AND LEARNING. WE STRIVE TO BUILD A DIVERSE LEARNING COMMUNITY BY ACTIVELY VALUING INDIVIDUAL EXPERIENCES, IDEAS, AND TALENTS. 11 11 189 20 0 0 552166 903403 17434856 20229653 252358 861784 79662 55437 18319042 22050277 2093923 2463076 0 0 11195420 13770552 0 0 865485 4596107 5025902 17885450 21259530 433592 790747 37488516 38805256 11276788 11236616 26211728 27568640 X GREENHILLS SCHOOL IS A STUDENT-CENTERED COMMUNITY THAT HELPS YOUNG PEOPLE REALIZE THEIR FULL INTELLECTUAL, ETHICAL, ARTISTIC, AND ATHLETIC POTENTIAL IN PREPARATION FOR COLLEGE - AND BEYOND - AS CURIOUS, CREATIVE, AND RESPONSIBLE CITIZENS WHO RESPECT ALL INDIVIDUALS AND THEIR DIFFERENCES, AND WHOSE MEANINGFUL AND BALANCED LIVES WILL BETTER THE WORLD. 0 0 15597382 2463076 20254900 GREENHILLS SCHOOL IS AN INDEPENDENT, NON-DENOMINATIONAL, COED COLLEGE PREPARATORY SCHOOL ENROLLING GRADES 6-12 WITH AN EMPHASIS ON SCHOLASTIC, ATHLETIC, ARTISTIC AND EDUCATIONAL EXCELLENCE FOR APPROXIMATELY 680 STUDENTS. THE SCHOOL OFFERS A NEED BASED FINANCIAL AID PROGRAM COVERING TUITION FOR APPROXIMATELY 135 STUDENTS IN FISCAL YEAR ENDING JUNE 30, 2023.THE SCHOOL ALSO PROVIDES FOR TUITION REMISSION FOR THE CHILDREN OF EMPLOYEES MEETING CERTAIN LONGEVITY REQUIREMENTS. THIS PROGRAM BENEFITED 26 STUDENTS THIS FISCAL YEAR. 15597382 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 21 0 1 189 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X JOHN R NICKEL 7347694010 850 GREENHILLS DRIVE ANN ARBOR MI 48105 MR PETER B FAYROIAN HEAD OF SCHOOL 50.00 X 428024 0 84556 MR JOHN R NICKEL CHIEF FINANCIAL OFFICER 50.00 X 204169 0 28204 MR PAUL GARGARO DIRECTOR OF ADVANCEMENT 50.00 X 193003 0 16168 MS MARISSA GREEN DIRECTOR OF IT 50.00 X 145000 0 34828 MR SYLVESTER CUTLER DIRECTOR OF ENROLLMENT MANAGEMENT 50.00 X 133957 0 28783 MRS ELIZABETH ELLSWORTH DIRECTOR OF COLLEGE COUNSELING 50.00 X 131612 0 29015 MR MICHAEL SHAW DIRECTOR OF MARKETING & COMM 50.00 X 125226 0 28590 MR RIYAZ KANJI PRESIDENT 4.00 X X 0 0 0 MRS NEDA MIRAFZALI RYAN VICE-PRESIDENT 4.00 X X 0 0 0 MR D WILLIAM PUMPHREY TREASURER 4.00 X X 0 0 0 MR PAUL DIMARZO TRUSTEE 4.00 X 0 0 0 MS DENISE FAIR RAZO TRUSTEE 4.00 X 0 0 0 DR ALEC GALLIMORE TRUSTEE 1.00 X 0 0 0 MR JEFF KERSTEN TRUSTEE 1.00 X 0 0 0 MR JEFF LOOMANS TRUSTEE 1.00 X 0 0 0 MR TED SPENCER TRUSTEE 1.00 X 0 0 0 MRS FRAN TALSMA TRUSTEE 1.00 X 0 0 0 MR ROBERT WANG TRUSTEE 1.00 X 0 0 0 1360991 0 250144 12 0 1 0 PLUM MARKET FOOD SERVICE LLC 30777 NORTHWESTERN HWY SUITE 301 FARMINGTON HILLS MI 48334 DINING SERVICES 942391 ASPHALT SPECIALIST INC 1780 E HIGHWOOD PONTIAC MI 48340 PARKING LOT REPLACEMENT 371830 WILLIAM MOLNAR ROOFING COMPANY 22201 PENNSYLVANIA ROAD BROWNSTOWN MI 48193 ROOF REPLACEMENT 345705 SOUND PLANNING COMMUNICATIONS PO BOX 222 DEARBORN HEIGHTS MI 48127 THEATRE AUDIO AND LIGHTING UPDATE 202197 ISCG 612 NORTH MAIN ROYAL OAK MI 48067 FURNITURE 188029 8 30157 873246 45656 903403 TUITION 611600 19974416 19974416 TRIP REVENUE 611710 142428 142428 AFTER SCHOOL ACTIVITIE 611710 63148 63148 EXAM REVENUE 611710 49661 49661 20229653 450310 450310 1575068 135210 1053140 245664 521928 -110454 411474 411474 8197 30157 6371 1826 1826 44954 19707 25247 25247 MISCELLANEOUS REVENUE 900099 28364 28364 28364 22050277 20254900 0 891974 2463076 2463076 744952 499821 205540 39591 9940369 6669422 2742653 528294 731639 532348 165204 34087 1579612 1149343 356676 73593 773980 563156 174765 36059 27143 27143 39571 39571 43808 43808 1689302 1601742 87560 616734 5456 593440 17838 489734 489734 228857 222930 4942 985 101403 101403 1060102 1030524 24663 4915 153574 153574 REPAIRS AND MAINTENANCE 276046 268427 6353 1266 ADMISSIONS 170771 170771 PUBLIC RELATIONS 128857 128857 21259530 15597382 4796663 865485 67747 6655 7511711 3391638 19000 2125 28452 25651 213973 173227 34943637 17544634 17272516 17399003 11983278 17331236 391839 475721 37488516 38805256 320071 357494 7538568 7805715 3353131 3003931 65018 69476 11276788 11236616 X 18204979 18872845 8006749 8695795 26211728 27568640 37488516 38805256 X 790747 499865 66300 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8389052 440492 985956 78279 632878 9104343 10192740 26976 -1489108 76567 264989 8389052 8280097 15485 2452282 67228 487896 10192740 8298730 11555 358459 55500 333147 8280097 8276750 21567 485182 59309 425460 8298730 0.13370 0.64840 0.21790 1 0 173981 173981 28043419 14696454 13346965 4038729 1273781 2764948 1609879 895640 714239 1077629 678759 398870 17399003 OTHER LIABILITIES 4233 AGENCY FUNDS DUE TO STUDENT GROUPS 58662 ACCRUED PENSION AND POST-RETIREMENT BENEFITS 6581 69476 X 20069336 499865 -2463076 -1963211 22032547 43808 -26078 17730 22050277 18778724 26078 26078 18752646 43808 2463076 2506884 21259530 PART V, LINE 4: ENDOWMENT FUNDS ARE FOR FINANCIAL AID, UPKEEP OF THE ATHLETIC FIELDS, UPKEEP OF THE THEATER, FACULTY GROWTH AND LEARNING, INSTRUCTIONAL ENHANCEMENT PROGRAMS FOR ARTS AND SCIENCE, SENIOR AWARDS, AND FACULTY COMPENSATION. PART X, LINE 2: THE SCHOOL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. THE SCHOOL HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID RECLASSIFIED -2,463,076. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -19,707. SPECIAL EVENT EXPENSES -6,371. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 19,707. SPECIAL EVENT EXPENSES 6,371. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECLASSIFIED 2,463,076. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THIS POLICY IS COMMUNICATED ON OUR WEBSITE, PRINTED ON INFORMATIONAL BROCHURES, APPLICATION MATERIALS, ADVERTISING AND OTHER DIRECT MARKETING ITEMS. GRYFUN RUN & WALK 38354 30157 8197 5248 648 475 38354 30157 8197 5248 648 475 6371 1826 1 NEED-BASED FINANCIAL AID 135 2040660 FMV REDUCTION IN GROSS TUITION DUE TUITION REMISSION PROGRAM FOR FACULTY MEMBERS 26 422416 FMV REDUCTION IN GROSS TUITION DUE PART I, LINE 2: NEED-BASED FINANCIAL AID IS AWARDED TO QUALIFIED FAMILIES AS A REDUCTION IN THEIR GROSS TUITION AMOUNT. NO CASH AWARD IS ACTUALLY DISTRIBUTED. IF THEY DO NOT ACCEPT THE AWARD AND ENROLL THEIR CHILD, THE FINANCIAL AID AWARD IS DISTRIBUTED TO SOMEONE ELSE. X X X X X 0 0 0 0 0 0 0 0 0 MR PETER B FAYROIAN HEAD OF SCHOOL 428024 0 0 0 0 0 26789 0 57767 0 512580 0 0 0 MR JOHN R NICKEL CHIEF FINANCIAL OFFICER 204169 0 0 0 0 0 14427 0 13777 0 232373 0 0 0 MR PAUL GARGARO DIRECTOR OF ADVANCEMENT 193003 0 0 0 0 0 13552 0 2616 0 209171 0 0 0 MS MARISSA GREEN DIRECTOR OF IT 145000 0 0 0 0 0 10367 0 24461 0 179828 0 0 0 MR SYLVESTER CUTLER DIRECTOR OF ENROLLMENT MANAGEMENT 133957 0 0 0 0 0 9345 0 19438 0 162740 0 0 0 MRS ELIZABETH ELLSWORTH DIRECTOR OF COLLEGE COUNSELING 131612 0 0 0 0 0 9556 0 19459 0 160627 0 0 0 MR MICHAEL SHAW DIRECTOR OF MARKETING & COMM 125226 0 0 0 0 0 9170 0 19420 0 153816 0 0 0 SUBJECT TO FERPA LAWS FERPA LAWS 81788 MERIT AND NEED BASED TUITION REMISSION FOR ELIGIBLE EMPLOYEES' STUDENTS X 4 45656 NET SELLING PRICE 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE TRUSTEESHIP HAS DELEGATED AUTHORITY TO ACT ON ALL FINANCIAL MATTERS OF THE SCHOOL TO THE FINANCE COMMITTEE (COMPRISED OF 4 TRUSTEES AND 3 EX-OFFICIO MEMBERS). THE TRUSTEESHIP ALSO HAS AN EXECUTIVE COMMITTEE (COMPRISED OF ALL COMMITTEE CHAIRS AND 1 EX-OFFICIO MEMBER). FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE IS PRESENTED WITH A COPY OF THE COMPLETE FORM 990 BEFORE FILING. AN ELECTRONIC VOTE IS TAKEN BY THE COMMITTEE TO APROVE THE 990. THE FINANCE COMMITTEE HAS BEEN GIVEN THE AUTHORITY BY THE ENTIRE BOARD OF TRUSTEES TO ACT ON ITS BEHALF RELATED TO FINANCIAL MATTERS. COPIES ARE AVAILABLE FOR THE ENTIRE BOARD UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL OFFICERS, DIRECTORS, AND TRUSTEES. BOARD QUESTIONNAIRES ARE COMPLETED ANNUALLY AT THE BEGINNING OF THE FISCAL YEAR. POTENTIAL CONFLICTS ARE REVIEWED BY THE BOARD. THE BOARD PROVIDES GUIDANCE AND TAKES ACTION ON THE CONFLICTS AS APPROPRIATE. BOARD MEMBERS WITH CONFLICTS MUST RECUSE THEMSELVES FROM DELIBERATION AND VOTING ON MATTERS PERTAINING TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. A PERFORMANCE REVIEW IS CONDUCTED BY ALL TRUSTEES AND COMPARATIVE COMPENSATION DATA IS ANALYZED. A THIRD PARTY EXECUTIVE COMPENSATION CONSULTANT WAS ENGAGED IN 2022. ALL OTHER COMPENSATION LEVELS AND RAISES ARE ANNUALLY DETERMINED BY THE HEAD OF SCHOOL USING A SALARY POOL THAT HAS BEEN APPROVED BY THE FINANCE COMMITTEE. THE HEAD OF SCHOOL USES NAIS BENCHMARK STATISTICS FOR COMPARATIVE DATA. LAST PERFORMED IN SPRING OF 2022. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP GAIN 66,300. FORM 990, PART XII, LINE 2C: THE AUDIT PROCESS HAS NOT CHANGED IN THE CURRENT YEAR.