Civic Intelligence

The Ellis School

990 • Fiscal year 2019 • EIN 25-0965329

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 30, 2020

6425 Fifth AvenuePittsburgh, PA 15206

(412) 441-2593

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.15x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.56x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

23rd percentile

-3.7%

Higher net margin than 23% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

41st percentile

$218,000

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

43rd percentile

2.4%

Faster asset growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-15%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$45,308,558

Up $1,060,713 (+2.4%) from 2018

Net Assets

Up

$38,497,647

Up $1,052,156 (+2.8%) from 2018

Liabilities

Up

$6,810,911

Up $8,557 (+0.1%) from 2018

Revenue

Down

$12,212,154

Down $2,193,233 (-15%) from 2018

Expenses

Down

$12,666,312

Down $134,069 (-1.0%) from 2018

Net Income

Down

-$454,158

Down $2,059,164 (-128%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $39,169,667Liabilities 2011: $7,456,484Net Assets 2011: $31,713,1832011Assets 2012: $37,996,133Liabilities 2012: $7,089,547Net Assets 2012: $30,906,5862012Assets 2013: $38,934,721Liabilities 2013: $6,743,756Net Assets 2013: $32,190,9652013Assets 2014: $40,114,489Liabilities 2014: $6,829,622Net Assets 2014: $33,284,8672014Assets 2016: $38,989,719Liabilities 2016: $6,736,518Net Assets 2016: $32,253,2012016Assets 2018: $44,247,845Liabilities 2018: $6,802,354Net Assets 2018: $37,445,4912018Assets 2019: $45,308,558Liabilities 2019: $6,810,911Net Assets 2019: $38,497,6472019Assets 2021: $55,136,081Liabilities 2021: $6,686,902Net Assets 2021: $48,449,1792021Assets 2022: $51,020,535Liabilities 2022: $6,739,904Net Assets 2022: $44,280,6312022

Highlighted filing

2019

Assets$45,308,558
Liabilities$6,810,911
Net Assets$38,497,647

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $12,470,7042011Expenses 2012: $12,791,1282012Expenses 2013: $12,928,4122013Revenue 2014: $11,857,107Expenses 2014: $12,865,510Net Income 2014: -$1,008,4032014Revenue 2016: $17,263,139Expenses 2016: $12,313,617Net Income 2016: $4,949,5222016Revenue 2018: $14,405,387Expenses 2018: $12,800,381Net Income 2018: $1,605,0062018Revenue 2019: $12,212,154Expenses 2019: $12,666,312Net Income 2019: -$454,1582019Revenue 2021: $13,864,550Expenses 2021: $13,366,092Net Income 2021: $498,4582021Revenue 2022: $15,184,123Expenses 2022: $13,691,963Net Income 2022: $1,492,1602022

Highlighted filing

2019

Revenue$12,212,154
Expenses$12,666,312
Net Income-$454,158
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 30, 2020
Return Version
2018v3.1
Gross Receipts
$24,209,249
Mission and Program Overview

Mission

An independent college preparatory school for girls from age three through twelfth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,586,196$24,454,355▲ $2,868,159
Land, Buildings, and Equipment, Net$11,702,327$11,489,432▼ $212,895
Investments Other Securities$6,029,905$6,369,023▲ $339,118
Cash and Non-Interest-Bearing Accounts$1,064,904$1,525,468▲ $460,564
Pledges and Grants Receivable$3,421,477$979,772▼ $2,441,705
Investments Program Related$338,232$324,969▼ $13,263
Prepaid Expenses and Deferred Charges$83,584$135,825▲ $52,241
Accounts Receivable$16,864$28,258▲ $11,394
Inventories for Sale or Use$4,356$1,456▼ $2,900
Total Assets$44,247,845$45,308,558▲ $1,060,713
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,670,975$5,713,166▲ $42,191
Deferred Revenue$833,990$746,257▼ $87,733
Accounts Payable and Accrued Expenses$252,292$300,123▲ $47,831
Other Liabilities$45,097$51,365▲ $6,268
Total Liabilities$6,802,354$6,810,911▲ $8,557
Net Assets / Fund Balance
Unrestricted Net Assets$19,275,218$19,325,554▲ $50,336
Permanently Rstr Net Assets$10,575,192$10,600,866▲ $25,674
Temporarily Rstr Net Assets$7,595,081$8,571,227▲ $976,146
Total Net Assets Fund Balance$37,445,491$38,497,647▲ $1,052,156
Total Liabilities and Net Assets / Fund Balance$44,247,845$45,308,558▲ $1,060,713

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,772,027$9,648,003$17,420,030
Other Land Buildings$1,675,945$3,841,191$5,517,136
Land$1,984,272-$1,984,272
Equipment$57,188$1,533,724$1,590,912
Other Securities$6,369,023--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$27,616,101$2,473,900▲ $2,488,448$1,416,507$30,823,378
2017$25,797,027$450,000▲ $3,083,210$1,426,561$27,616,101
2016$25,150,588$3,500▲ $2,003,026$1,145,281$25,797,027
2015$25,885,738$700,000▼ $297,651$948,978$25,150,588
2014$26,841,855$716,108▲ $489,694$1,963,028$25,885,738
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Macon FinleyHead of SchoolFT$200,000$18,000$218,000
Deborah KutchaDirector of Finance & OperFT$112,200$2,244$114,444
Lauren LaschonHead of Upper SchoolFT$108,120$4,325$112,445

Highest Paid Contractors

ContractorServicesLocationCompensation
Dick Building Company LLCGeneral Contractor1900 ROUTE 51, Jefferson Hills, PA 15025$243,326
ComdataMerchant ServicesPO BOX 360239 M, Pittsburgh, PA 15250$222,387
First Commonwealth BankBanking Services1001 VILLAGE RUN ROAD, Wexford, PA 15009$202,925
Metz Culinary ManagementMerchant ServicesTWO WOODLAND DRIVE, Dallas, PA 18612$183,558
General Cleaning INCCleaning Services101 EAST SEVENTH AVENUE, Homestead, PA 15120$166,834
Revenue and Support

Revenue Composition

Contributions and Grants
$1,643,396
Program Service Revenue
$9,657,768
Investment Income
$849,579
Other Revenue
$61,411
All Other Contributions
$1,524,583
Change in Net Assets
$-454,158

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded11$40,311Fair Market Value (FMV) on Date of Contribut
Other Non Cash Contri Table1$455Fair Market Value (FMV) on Date of Contr
Total Noncash Contributions12$40,766-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,819,340
Revenue Not Reported on Financial Statements
$2,392,814
Revenue Not Reported on Form 990
$1,594,072
Other Revenue Adjustments
$2,392,814
Total Revenue per Audited Statements
$11,413,412
Total Revenue per Form 990
$12,212,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,761,262
Other Expenses$3,512,236
Grants and Similar Amounts Paid$2,392,814
Total Fundraising Expense$954,702
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,989,273$725,654$558,570$5,273,497
Grants to Domestic Individuals$2,392,814--$2,392,814
Depreciation Depletion$495,043$149,118$66,006$710,167
Other Employee Benefits$353,498$70,700$47,133$471,331
Office Expenses$319,108$66,727$37,290$423,125
Payroll Taxes$301,040$60,208$40,139$401,387
Occupancy$281,642$56,328$37,552$375,522
Information Technology$261,805$52,361$34,907$349,073
Current Officers, Directors, Trustees, and Key Employees$218,000$114,444-$332,444
Pension Plan Contributions$209,135$43,183$30,285$282,603
Advertising$144,824$95,763$26,732$267,319
Interest-$202,925-$202,925
Conferences and Meetings$100,256$20,051$13,367$133,674
Fees for Services Accounting$22,700$4,540$3,027$30,267
Other Expenses$16,475$3,295$2,197$21,967
Fees for Services Legal$16,287$3,257$2,172$21,716
Travel$8,744$1,749$1,166$11,659
Fees for Services Other$3,792$758$506$5,056
Total Functional Expenses$9,960,069$1,751,541$954,702$12,666,312

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,666,312
Total Expenses per Audited Statements$10,361,256
Expenses per Audited Statements$10,273,498
Expenses Not Reported on Financial Statements$2,392,814
Other Expense Adjustments$2,392,814
Expenses Not Reported on Form 990$87,758
International Activity

International Summary

Offices
0
Employees
0
Spending
$66,186

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
VariousInvestmentsEducational Trip00$51,316
North AmericaProgram Services---$14,870
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,644
Fundraising Direct Expenses$5,256
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Her Forward$33,844$10,644$1,330$9,314
Total Events$33,844$10,644$5,256$5,388
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Fund - Student Activities and Clubs$51,365
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

The executive committee shall exercise all of the powers and authority of the board between meetings of the board.

Form 990, Part VI, Section B, Line 11B

The finance team and head of school review the form 990. The return is then presented to the audit committee for approval. The public disclosure copy of the form 990 is sent to the board of trustees via email to review, ask questions and make comments before filing with the irs.

Form 990, Part VI, Section B, Line 12C

At the september meeting of the board of trustees, each member is given the conflict of interest disclosure statement to complete and sign. The secretary of the board is responsible for reviewing and monitoring the completed forms. The secretary monitors and enforces compliance with the policy at the meetings and notes any conflict in the board of trustees minutes.

Form 990, Part VI, Section B, Line 15

The head of school, the top management official, is compensated. Members of the board of trustees are not compensated. When ms. Finley became head of school in 2017, her compensation was determined by the executive committee and approved by the entire board. Her compensation was determined using as a comparison group the compensation of heads of independent schools in the region. The head of school determines the pay of other officers and key employees based on comparable salary data from other independent schools.

Form 990, Part VI, Section C, Line 19

The ellis school makes its governance documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Ellis School
EIN
25-0965329
Phone
4124412593
Address
6425 FIFTH AVENUE, PITTSBURGH, PA 15206

Signing Officer

Name
Macon Paine Finley
Title
Head of School
Phone
4124412593
Signed
2020-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Macon Paine Finley
Formed
1916
Legal Domicile
Pa
Voting Board Members
20
Independent Board Members
20
Employees
183
Volunteers
125

Preparer

Firm
Sisterson & Co Llp
Address
310 GRANT STREET SUITE 2100, PITTSBURGH, PA 15219
Preparer
Michael M Comstock
Phone
4122812025
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT:

The school's financial statements are audited by an independent accounting firm. In addition, the school's board assumes the responsibility for oversight of the audit of its financial statements. The audit committee of the board of trustees handles the selection process of the independent auditors and recommends to the board of trustees for its approval. This process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The school's endowment consists of various investment funds established primarily for support of the school's mission. Its endowment includes donor restricted as well as board designated endowment funds. Net assets associated with endowment funds are classified based on the existence or absence of donor-imposed restrictions on the statements of financial position. The original fair values of gifts donated to the endowment are considered to be held in perpetuity, and accordingly, the school classifies such gifts as net assets with donor restrictions. Earnings on these gifts are also accumulated in net assets with donor restrictions and are considered to be purpose restricted. The board of the school has elected to be governed by the commonwealth of pennsylvania's act 141 ("act 141"). Act 141 permits adoption of a total return policy that allows a charity to choose to treat a percentage of the average fair value of the endowment's restricted investments as income each year. In accordance with act 141, the school has adopted a spending policy that states the spendable return in any year shall equal between 2% and 7% of the trailing 12-quarter average fair value of the endowment ending on june 30 of the preceding year. The school has used a spending rate of approximately 6.4% and 6% for the years ended june 30, 2019 and 2018, respectively. The spendable return approximated $1,540,000 and $1,390,000 for 2019 and 2018, respectively. From time to time, the board may approve an additional draw of board designated endowment funds. The board approved additional draws of board designated and donor approved endowment funds totaling $70,000 and $34,000 during 2019 and 2018, respectively. The school considers the following factors in making a determination to set a spending rate: (a.) protecting the corpus of the endowment fund; (b.) preserving the spending power of the assets; (c.) obtaining maximum investment return with reasonable risk and operational consideration; and, (d.) complying with applicable laws. Furthermore, in accordance with act 141, the school has adopted investment and spending policies for endowment assets that attempt to provide a reasonable level of funding to programs supported by its endowment while seeking to enhance the purchasing power of the fund's corpus by striving for long term growth. Under this policy, as approved by the board, the endowment assets are invested in a manner that is intended to produce results that exceed the price and yield results of a blended benchmark of equity, fixed income, and private equity.

PART X, LINE 2:

The school is a tax-exempt organization as described in section 501(c)(3) of the internal revenue code (the "code") and, further, is classified as an organization that is not a private foundation. The school has not identified any material uncertain tax positions requiring an accrual or disclosure in the financial statements. The school is no longer subject to examination of its tax returns for years before 2015.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rental expense 82,502. Fundraising expense 5,256.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Tuition assistance 2,020,999. Tuition remission 371,815.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expense 82,502. Cost of goods sold 5,256. Fundraising expense

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Tuition assistance 2,020,999. Tuition remission 371,815.

Raw XML AppendixShowing 400 of 835 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0AN INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR GIRLS FROM AGE THREE THROUGH TWELFTH GRADE.
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IRS990/Desc0THE ELLIS SCHOOL IS PITTSBURGH'S ONLY AGE 3 TO GRADE 12 INDEPENDENT SCHOOL DEDICATED TO THE EDUCATION OF GIRLS, MAKING ELLIS A UNIQUE REGIONAL RESOURCE. ELLIS IS COMMITTED TO PREPARING, EMPOWERING, AND INSPIRING EACH AND EVERY GIRL THROUGH AN EXCELLENT EDUCATION IN AN ALL-GIRLS ENVIRONMENT. THE ELLIS EXPERIENCE IS BOTH NURTURING AND ACADEMICALLY CHALLENGING; ELLIS GIRLS ARE FREE TO KNOW THEMSELVES, DISCOVER THEIR GIFTS, AND FIND THEIR OWN VOICES, ALL OF WHICH MAXIMIZE GIRLS' INTELLECTUAL, PHYSICAL, EMOTIONAL, AND SOCIAL GROWTH. AT ELLIS, GIRLS OF ALL AGES LEARN TO TAKE ACADEMIC RISKS, WORK COLLABORATIVELY, ASK QUESTIONS, AND PURSUE THEIR DREAMS. WITH A TOTAL ENROLLMENT OF 372 STUDENTS, THE AVERAGE CLASSROOM SIZE IS 12 STUDENTS. OF OUR 67 FACULTY MEMBERS, 66 PERCENT HOLD MASTER'S DEGREES AND 5 PERCENT HOLD PHDS. WITH AN OVERALL STUDENT-TO-TEACHER RATIO OF 6:1, STUDENTS ACROSS ALL DIVISIONS BENEFIT FROM AN INTIMATE LEARNING ENVIRONMENT AND INDIVIDUAL ATTENTION. THE STUDENT BODY REPRESENTS 68 ZIP CODES AND 352 SCHOOL DISTRICTS, WITH 34 PERCENT OF STUDENTS RECEIVING NEED-BASED FINANCIAL AID AWARDS AND SCHOLARSHIPS. ONE HUNDRED YEARS OF ELLIS EDUCATIONAL EXCELLENCE HAS RESULTED IN 3,000+ ALUMNAE WHO COMPRISE AN INTERNATIONAL NETWORK OF SUPPORT FOR ELLIS GRADUATES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR OF FINANCE & OPER
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IRS990/OtherExpensesGrp/Desc0EQUIP. REPAIR & MAINT.

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