Springside Chestnut Hill Academy

“Honorary and emerita members do not vote.”

“Frank p. Steel, jr., head of school, and james m. Talbot, board member, have a family relationship.”

“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.”

“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.”

“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.”

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

“One of this year's enhancements to the sch experience focuses on travel options for students in grades 5 through 9 taking multi-night overnight trips away from campus to further their understanding and appreciation of certain curricular areas and create team building among the classes. One example of this enhanced offering is the outward bound trip that occurred at the beginning of the school year when our entire 9th grade spent three days and three nights building community. We are also seeing improvements in our global travel program where students learn to think critically about their roles as global citizens in an increasingly interconnected world. Through our trips abroad, students gain a deeper understanding of new people, places, and cultures through languages and cultural immersion and exchanges, meaningful service-learning experiences, and field research and experiential study. Trips are aimed at building international partnerships, enriching and extending students' curricular studies and awareness of global issues, and providing experiences, such as field research not available to students on campus.”

“This summer renovations were made to the sands center of entrepreneurial leadership which opened in 2014. This 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. Recent renovations to adjoining spaces were completed to create a digital design lab, a robotics and engineering lab and recording studio. Sch is proud of our significant and enduring commitment to environmental sustainability. Changes have been made in the cafeterias to eliminate waste by serving food and beverages in reusable containers only. In addition, new equipment was purchased to accommodate a variety of diets and create more offerings for the students and faculty. In 2015, sch was the first school in pennsylvania to be a certified green restaurant though the green restaurant association.”

“Net gain on interest swap agreement -212,174. Gain on beneficial interest in perpetual trust -125,475. Change in value of split-interest arrangements -41,962. Amortization of discount on split-interest arrangements 15,653. Gain on beneficial interest in chartible trust 3,368.”