2024-05-14T12:00:40-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2022-07-01 231352662 MONTGOMERY SCHOOL MONT 6108277222 1141 KIMBERTON ROAD CHESTER SPRINGS PA 19425 THOMAS MCMANUS HEAD OF SCHOOL 6108277222 2024-05-13 1 THOMAS MCMANUS 999009999 0 MALLORY GOOD P01704765 6177170831 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS MCMANUS 1141 KIMBERTON ROAD CHESTER SPRINGS PA 19425 8474155 0 X WWW.MONTGOMERYSCHOOL.ORG X 1939 PA NON-PROFIT INDEPENDENT SCHOOL DEDICATED TO THE EDUCATION OF STUDENTS IN MIND, BODY AND CHARACTER. 17 15 89 80 0 0 750992 1296563 6470903 6987698 26568 56804 -34824 59535 7213639 8400600 1500888 1600074 0 0 4086286 4361388 0 0 402971 1974734 2175192 7561908 8136654 -348269 263946 11467190 13009993 5655116 6699296 5812074 6310697 MONTGOMERY SCHOOL IGNITES EACH CHILD'S LOVE OF LEARNING AND FOSTERS THEIR INDIVIDUAL TALENTS DURING THE MOST FORMATIVE YEARS IN ORDER TO PREPARE THEM FOR FUTURE SUCCESS. 0 0 6408390 1600074 6912461 EDUCATION OF CHILDREN PRE-KINDERGARDEN THROUGH GRADE 8. IN THE ACADEMIC YEAR 2022-23 MONTGOMERY SCHOOL ENROLLED 282 STUDENTS FROM CHESTER COUNTY AND OTHER AREAS IN THE COMMONWEALTH OF PENNSYLVANIA. IN ADDITION, THE SCHOOL PROVIDES PRESCHOOL AND EXTENDED DAY PROGRAMS. 11469 75237 FACILITIES RENTAL PROGRAM: FACILITIES ARE RENTED OUT TO COMMUNITY GROUPS WHO ARE ALIGNED WITH MONTGOMERY SCHOOL'S MISSION, FOR ATHLETICS, ARTS, AND MEETINGS. 6419859 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 39 0 1 89 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X STEPHEN KING 6108277222 1141 KIMBERTON ROAD CHESTER SPRINGS PA 19425 MORREEN RUKIN CHAIR 2.00 X X 0 0 0 DOUGLAS GESSL VICE CHAIR 1.00 X X 0 0 0 EDWARD GRAF TREASURER 1.00 X X 0 0 0 MICHELE LONG SECRETARY 1.00 X X 0 0 0 AMY CHANG MD TRUSTEE 1.00 X 0 0 0 PATRICIA DAHM TRUSTEE 1.00 X 0 0 0 NIALL T DOHERTY TRUSTEE 1.00 X 0 0 0 ANTHONY FERRARO TRUSTEE 1.00 X 0 0 0 PAUL GILBERT TRUSTEE 1.00 X 0 0 0 WILL HORNSEY TRUSTEE 1.00 X 0 0 0 MATT MICCHICHE TRUSTEE 1.00 X 0 0 0 AUDREY PORTER TRUSTEE 1.00 X 0 0 0 SAROJ RAMDAS TRUSTEE 1.00 X 0 0 0 STACI WILLIAMS SEELEY TRUSTEE 1.00 X 0 0 0 AUDREY STACKHOUSE TRUSTEE 1.00 X 0 0 0 JOSHUA STEWART TRUSTEE 1.00 X 0 0 0 CHRISTINE M WHALEY TRUSTEE 1.00 X 0 0 0 ALEXANDER F CABOT TRUSTEE UNTIL 4/30/23 1.00 X 0 0 0 THOMAS MCMANUS HEAD OF SCHOOL 40.00 X 235158 0 25693 STEPHEN KING CHIEF FINANCIAL OFFICER 40.00 X 116209 0 2324 MARIANNE KAPLAN DIRECTOR OF EXTERNAL AFFAIRS 40.00 X 101991 0 17958 453358 0 45975 3 1 1 0 METZ CULINARY MANAGEMENT LLC 2 WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICE 302636 GP MARTINI ROOFING CO INC 55 DOWLIN FORGE ROAD EXTON PA 19341 ROOFING 155712 GARDNERFOX ASSOCIATES 919 GLENBROOK AVENUE BRYN MAWR PA 19010 CONSTRUCTION MANAGEMENT 151967 3 161631 41657 1093275 141167 1296563 TUITION 611710 6602671 6602671 AUXILIARY ACTIVITIES 611710 309790 309790 FACILITIES RENTALS 531190 75237 75237 6987698 56804 56804 46251 161631 73555 -27304 -27304 MIDDLE SCHOOL TRIP FEE 900099 72905 72905 MISCELLANEOUS INCOME 900099 3815 3815 YEARBOOK 900099 1628 1628 8491 8491 86839 8400600 6987698 0 116339 2278 2278 1597796 1597796 375332 127783 183657 63892 3012355 2473787 376015 162553 38441 32649 3953 1839 682276 531434 110059 40783 252984 194932 41483 16569 15109 1747 13362 87300 10096 77204 565 565 90514 11346 69498 9670 46915 3964 40899 2052 66477 8803 55246 2428 142147 28397 86199 27551 133766 94649 30774 8343 1261 972 207 82 4340 586 3588 166 50499 38911 8281 3307 375640 289442 61596 24602 93380 71952 15312 6116 GENERAL INSTRUCTIONAL 416453 402418 13399 636 LUNCHES AND SNACKS 312947 312947 REPAIRS AND MAINTENANCE 216512 166829 35503 14180 BAD DEBT 36840 0 36840 84527 16141 50184 18202 8136654 6419859 1313824 402971 379451 174925 1217614 308717 7500 129884 2870135 3278046 228894 260676 15878025 8605548 6004051 7272477 759545 833129 0 752139 11467190 13009993 416864 1171963 3300290 3687542 1937962 1827465 0 12326 5655116 6699296 X 5480033 5840712 332041 469985 5812074 6310697 11467190 13009993 263946 60275 174402 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 74951 74951 74951 74951 74931 20 74951 73831 1100 74931 69838 3993 73831 1.00000 0 0 949019 949019 12827480 6778226 6049254 971860 772560 199300 1129666 1054762 74904 7272477 RIGHT OF USE ASSET 12326 DEFERRED COMPENSATION PLAN 560097 BENEFICIAL INTEREST IN TRUSTS 179716 752139 LEASE LIABILITY 12326 12326 X 6936634 60275 -1597796 -1537521 8474155 -73555 -73555 8400600 6612413 73555 73555 6538858 1597796 1597796 8136654 PART V, LINE 4: THE ENDOWMENT FUND IS FOR THE PURPOSE OF SUPPORTING THE FUTURE OPERATIONS OF THE ORGANIZATION. PART X, LINE 2: MONTGOMERY SCHOOL IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 170(B)(1)(A)(II) OF THE IRC AND QUALIFIES FOR THE MAXIMUM CHARITABLE CONTRIBUTION DEDUCTION FOR INDIVIDUAL DONORS. THE SCHOOL FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE SCHOOL IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE SCHOOL IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS -1,597,796. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -73,555. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 73,555. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS 1,597,796. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MONTGOMERY SCHOOL HAS THEIR WEBSITE HOMEPAGE LINK READILY AVAILABLE TO DISCLOSE NON-DISCRIMINATORY POLICY. THE SCHOOL IS MAKING UPDATES TO THE WEBSITE DISCLOURE IN 2024. SCHEDULE E, PART I, LINE 6 THE COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF EDUCATION PROVIDED APPROXIMATELY $41,657 IN TEXT BOOKS, INSTRUCTIONAL MATERIALS, AND SPECIFIC EQUIPMENT. ANNUAL BENEFIT 149667 123095 26572 3456 2000 21116 2200 20689 GOLF OUTING 58215 38536 19679 1100 18579 4415 207882 161631 46251 4556 2000 39695 2200 25104 73555 -27304 1 FINANCIAL AID AND SCHOLARSHIPS 153 1597796 PART I, LINE 2: ALL GRANTS/ASSISTANCE ARE IN THE FORM OF FINANCIAL AID AND SCHOLARSHIPS TO THE MONTGOMERY SCHOOL. NO PAYMENTS ARE MADE DIRECTLY TO THE RECIPIENTS, AND AS SUCH THE ORGANIZATION CAN KEEP COMPLETE CONTROL OF THE PROPER USE OF THE FUNDS. GRANTS AND ASSISTANCE ARE AWARDED IN AN OBJECTIVE AND NONDISCRIMINATORY BASIS. X X X X 0 0 0 0 0 0 0 0 0 THOMAS MCMANUS HEAD OF SCHOOL 226902 0 0 0 8256 0 4538 0 21155 0 260851 0 0 0 A CENTRAL AND WESTERN CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232667137 2020-10-22 2138110 CONSTRUCTION OF BUILDING IN 2003 0 0 0 A 291852 2138110 2138110 2003 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 14, CURRENT REFUNDING ISSUE: (A) THE REFUNDED BONDS WERE ORIGINALLY ISSUED ON 1/10/2003 AND REISSUED ON 12/23/2010. 28000 DISCOUNTED TUITION NEED BASED FINANCIAL AID X 41657 FAIR MARKET VALUE X 2 55091 FAIR MARKET VALUE X AUCTION ITEMS 130 44419 N/A 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE BOARD CHAIR AND SUCH TRUSTEES AS THE CHAIR MAY SPECIFY, WHO MAY OR MAY NOT BE OFFICERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL MAKE RECOMMENDATIONS TO THE BOARD IN REGARD TO PROBLEMS OR CONCERNS OF THE SCHOOL, AND SHALL BE EMPOWERED TO ACT ON BEHALF OF THE TRUSTEES BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, SUBJECT TO SUBSEQUENT RATIFICATION BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THEN MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WILL REVIEW THE FORM 990 IN DETAIL. THE COMMITTEE WILL ALSO DISTRIBUTE IT TO THE FULL BOARD OF TRUSTEES AND BE PREPARED TO ANSWER QUESTIONS. THE BOARD DISTRIBUTION WILL BE CONDUCTED PRIOR TO FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL TRUSTEES. A CONFLICT OF INTEREST ARISES IN ANY SITUATION IN WHICH A TRUSTEE (AND/OR HIS OR HER IMMEDIATE FAMILY) IS INVOLVED IN AN ACTIVITY WHICH COULD ADVERSELY AFFECT HIS OR HER JUDGMENT WITH RESPECT TO THE BUSINESS OF THE SCHOOL OR OTHERWISE DIMINISH THE INTEREST OR THE ORGANIZATION. WHEN SUCH A CONFLICT ARISES, THE INDIVIDUAL WITH THE CONFLICT IS EXPECTED TO IMMEDIATELY DISCLOSE IN WRITING THE EXISTENCE OF THE CONFLICT TO THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES MAKES THE FINAL DETERMINATION AS TO WHETHER A CONFLICT EXISTS. IF A CONFLICT ARISES, THE BOARD MEMBER DOES NOT PARTICIPATE IN THE PROCESS, AND THERE IS A DISCUSSION ON THE CONFLICT. ANNUAL DISCLOSURE IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15A THE TOP MANAGEMENT OFFICIAL'S COMPENSATION WAS LAST REVIEWED BY THE BOARD OF TRUSTEES IN DETAIL IN JUNE 2023 WHEN THE WRITTEN EMPLOYMENT CONTRACT WAS RENEWED. A REVIEW AND BENCHMARKING AGAINST OTHER SIMILAR SCHOOLS WAS UNDERTAKEN. THE DELIBERATION AND FINAL DECISION WERE TIMELY DOCUMENTED. THIS WAS COMPLETED IN JULY 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.