2024-10-15T12:06:43-05:00 2024-06-30 231386942 CAMPBELL RAPPOLD & YURASITS LLP 1033 S CEDAR CREST BLVD ALLENTOWN PA 181035443 990 2023-07-01 231365972 THE WYNDCROFT SCHOOL WYND 6103260544 1395 WILSON STREET POTTSTOWN PA 194644455 TEKAKWITHA PERNAMBUCO-WISE HEAD OF SCHOOL 6103260544 2024-10-14 1 0 TARA L BENDER CPA P00299403 6104357489 2024-10-06 2023 2024-10-15 13:58:12Z TEKAKWITHA PERNAMBUCO-WIS 1395 WILSON STREET POTTSTOWN PA 194644455 4949145 0 X WWW.WYNDCROFT.ORG X 1918 PA OPERATE AN ELEMENTARY SCHOOL FOR CHILDREN FROM EARLY CHILDHOOD THROUGH EIGHTH GRADE. 13 13 60 40 0 0 526778 467689 4201452 4117679 414275 358750 137733 0 5280238 4944118 1051795 1159652 0 0 2867427 2746283 0 0 113775 1252101 1267933 5171323 5173868 108915 -229750 12868209 12533350 1117661 874772 11750548 11658578 THE WYNDCROFT SCHOOL IS A COEDUCATIONAL ELEMENTARY DAY SCHOOL FOR CHILDREN IN GRADES EARLY CHILDHOOD THROUGH EIGHT. THE MISSION OF THE SCHOOL IS TO OFFER A RIGOROUS ACADEMIC PROGRAM ENABLING THE CHILD TO ESTABLISH A FIRM FOUNDATION FOR A HAPPY AND SUCCESSFUL FUTURE. 0 0 3781174 1159652 4117679 QUALITY EDUCATION PROVIDED TO EARLY CHILDHOOD, ELEMENTARY AND MIDDLE SCHOOL STUDENTS. 3781174 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 1 60 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X TINA FARNSWORTH DIRECTOR OF FINANCE 6103260544 1395 WILSON STREET POTTSTOWN PA 19464 DRTEKAWITHA PERNAMBUCO-WISE HEAD OF SCHOOL 40.00 X 237307 0 22714 BERNADETTE SPARLING PRESIDENT 5.00 X X 0 0 0 DAVID ALLAIN BOARD VICE PRESIDENT 5.00 X X 0 0 0 ANNA NORTON BOARD TREASURER 5.00 X X 0 0 0 GERALD MULLANEY BOARD SECRETARY 5.00 X X 0 0 0 CAITLIN BLAZIC DIRECTOR 5.00 X 0 0 0 ROCKY CITRINO DIRECTOR 5.00 X 0 0 0 OSCAR GUERRERO DIRECTOR 5.00 X 0 0 0 ULDRICK JEAN DIRECTOR 5.00 X 0 0 0 JONATHAN LANGE DIRECTOR 5.00 X 0 0 0 TOM LENGEL DIRECTOR 5.00 X 0 0 0 ASIA NEILSON DIRECTOR 5.00 X 0 0 0 MARIA SHIELDS DIRECTOR 5.00 X 0 0 0 WILLIAM YINGER DIRECTOR 5.00 X 0 0 0 237307 0 22714 1 0 1 0 0 467689 40917 467689 TUITION & FEES 611710 4054376 4054376 OTHER SOURCES 611710 44305 44305 AFTER SCHOOL PROGRAM 611710 18318 18318 DINING HALL 611710 680 680 4117679 363777 363777 5027 -5027 -5027 -5027 4944118 4117679 0 358750 1159652 1159652 268156 268156 1975486 1416133 477353 82000 56512 37528 18984 282296 219081 49759 13456 163833 106318 51242 6273 28145 28145 12872 12872 5781 5781 35870 35870 285642 228076 57566 105071 2064 103007 108537 108537 52530 52530 17680 17680 321320 295273 22228 3819 55890 31236 24654 STAFF DEVELOPMENT 104338 22605 81733 FIELD TRIPS 39297 39297 MEMBERSHIPS & SUBSCRIPT 30818 7249 23569 ATHLETICS 11704 11704 52438 26211 18000 8227 5173868 3781174 1278919 113775 778308 109219 37196 42925 15410 6247 99292 91881 10582104 5051253 5515668 5530851 6397724 6736780 24611 15447 12868209 12533350 354582 301239 112500 116250 625968 441836 24611 15447 1117661 874772 X 9517910 9400457 2232638 2258121 11750548 11658578 12868209 12533350 -229750 137780 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4613681 25181 447795 442384 4644273 4263040 12000 508641 170000 4613681 4908359 5000 -650319 4263040 3678031 11100 1219228 4908359 3475191 10100 192740 3678031 0.54040 0.20610 0.25350 0 0 507869 507869 9314562 4537484 4777078 721113 513769 207344 38560 38560 5530851 MONEY MARKET FUNDS HELD FOR INVESTMENT 170804 F MUTUAL FUNDS 3899008 F CORPORATE BONDS 570774 F U.S. AND GOVERNMENT SECURITIES 2096194 F 6736780 OPERATING LEASE LIABILITY 15447 15447 X 3909374 137780 137780 3771594 12872 1159652 1172524 4944118 4001344 0 4001344 12872 1159652 1172524 5173868 PART V, LINE 4: $2,509,596 OF THE ENDOWMENT FUNDS ARE QUASI-ENDOWMENT. IT IS THE BOARD'S INTENT TO HOLD THESE FUNDS FOR LONG-TERM INVESTMENT WITH THE INCOME EXPENDABLE TO SUPPORT OPERATIONS. THERE IS A PERMANENTLY RESTRICTED ENDOWMENT INCOME OF WHICH IS EXPENDABLE FOR GENERAL OPERATIONS AS WELL AS A SMALL AMOUNT OF ENDOWMENT WITH INCOME RESTRICTED FOR FACULTY ENRICHMENT. PART X, LINE 2: THE SCHOOL IS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA AND IS EXEMPT FROM THE FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE SCHOOL MAY RECOGNIZE THE TAX BENEFITS FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE SCHOOL AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR LIABILITIES RECORDED FOR THE FISCAL YEARS 2024 AND 2023. THE SCHOOL FILES ITS 990 WITH THE UNITED STATES INTERNAL REVENUE SERVICE. THE SCHOOL IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET OF SCHOLARSHIP EXPENSE 1,159,652. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS 1,159,652. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ALL ADVERTISING INCLUDES A NONDISCRIMINATORY CLAUSE. 1 SCHOLARSHIPS AND GRANTS FOR TUITION 84 1159652 FORM 990, SCHEDULE I, PART I, QUESTION 2 FINANCIAL AID IS GRANTED ONLY TO CHILDREN IN GRADES K-8 WHO DEMONSTRATE NEED. THE SCHOOL USES A THIRD PARTY SERVICER TO PROCESS FINANCIAL INFORMATION. THE SCHOOL RECEIVES A REVIEW OF THE PARENT'S FINANCIAL STATEMENT FROM THE THIRD PARTY SERVICER WHICH INCLUDES AN ESTIMATION OF NEED. THE FINANCIAL AID COMMITTEE THEN CONSIDERS THIS REPORT IN RELATION TO THE ENTIRE POOL OF APPLICANTS AND OTHER EVALUATIVE CRITERIA. THE FINANCIAL AID COMMITTEE CONSIDERS APPLICATIONS FOR TUITION ASSISTANCE IN THE FOLLOWING ORDER OF PRIORITY: A) FAMILIES ALREADY RECEIVING AID B) CURRENT FAMILIES APPLYING FOR AID FOR THE FIRST TIME C) NEW FAMILIES WHO HAVE BEEN ADMITTED AND WHO DEMONSTRATE NEED. THE WYNDCROFT SCHOOL DOES NOT HAVE THE FUNDS AVAILABLE TO MEET THE WHOLE NEED FOR ALL FAMILIES. THE AVERAGE AWARD IS 50%. RENEWAL OF FINANCIAL AID GRANT IS BASED ON PROOF OF CONTINUED FINANCIAL NEED. FOR THIS REASON, PARENTS MUST APPLY ANNUALLY. THE AWARDED FINANCIAL AID IS POSTED DIRECTLY TO THE STUDENT'S ACCOUNT. ADDITIONALLY, FACULTY OF THE WYNDCROFT SCHOOL AND THE HILL SCHOOL RECEIVE ASSISTANCE WITH TUITION. X X X 0 0 0 0 0 0 0 0 0 DRTEKAWITHA PERNAMBUCO-WISE HEAD OF SCHOOL 237307 0 0 0 0 0 11865 0 10849 0 260021 0 0 0 X 2 40917 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 WILL BE FORWARDED TO ALL BOARD MEMBERS OF THE SCHOOL PRIOR TO THE FILING DEADLINE. THE BOARD MEMBERS WILL HAVE AN OPPORTUNITY TO REVIEW THE FORM AND MAKE INQUIRIES BEFORE THE FORM IS FILED. REVISIONS TO THE FORM WILL BE MADE, AS NECESSARY, AND THE FORM WILL BE FILED BY THE REQUIRED DUE DATE, AS EXTENDED, IF NEEDED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST STATEMENT IS SIGNED ANNUALLY AND MAINTAINED BY THE SCHOOL. THE SCHOOL DOES NOT PERMIT CONFLICTS OF INTEREST. MANAGEMENT REVIEWS VARIOUS RELATIONSHIPS (VENDOR, ETC) TO VERIFY THAT NO BUSINESS OR OTHER RELATIONSHIPS EXIST THAT WOULD BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 FOR THE HEAD OF SCHOOL, A CONSULTANT WAS HIRED TO DETERMINE THE COMPENSATION PACKAGE. FOR OTHER KEY EMPLOYEES AND OFFICERS THE SCHOOL USES COMPARABILITY DATA OBTAINED FROM ADVIS AND NAIS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990; PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR