2024-05-02T13:54:46-05:00 2023-06-30 390859910 BAKER TILLY US LLP 20 STANWIX STREET PITTSBURGH PA 15222 990 2022-07-01 256012886 THE WATSON INSTITUTE FRIENDSHIP ACADEMY WATS 4127492870 301 CAMP MEETING ROAD SEWICKLEY PA 15143 RONALD F FLANDERS CFO 4127492871 2024-04-04 1 RONALD FLANDERS 999009999 0 JEFFREY J PETRELL P00138808 4126976400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RONALD F FLANDERS 301 CAMP MEETING ROAD SEWICKLEY PA 15143 9183505 0 X WWW.THEWATSONINSTITUTE.ORG X 1966 PA AN APPROVED PRIVATE SCHOOL AND PARTIAL HOSPITAL PROGRAM FOR STUDENTS IN K-12 WITH SERIOUS EMOTIONAL CHALLENGES. 15 14 119 15 0 0 0 0 8458266 8838419 0 0 969406 345086 9427672 9183505 0 0 0 0 6204824 6369992 0 0 0 2426351 3032651 8631175 9402643 796497 -219138 15531302 15508304 15237610 15216557 293692 291747 X THE WATSON INSTITUTE HELPS CHILDREN WITH SPECIAL NEEDS ACHIEVE THEIR FULLEST POTENTIAL IN ALL ASPECTS OF THEIR LIVES. 0 0 1006088 1006088 PARTIAL PSYCHIATRIC HOSPITAL PROGRAM: PROVIDES SIX HOURS OF TREATMENT PER SCHOOL DAY. SERVICES INCLUDE - PSYCHIATRIC INTERVENTION, MEDICAL SERVICES, PSYCHOLOGICAL SERVICES, SOCIAL WORK SERVICES AND EMERGENCY CRISIS INTERVENTIONS. 7111987 7521526 EDUCATION PROGRAM IS AN APPROVED PRIVATE SCHOOL WHICH SERVES AS AN EDUCATIONAL PLACEMENT OPTION FOR STUDENTS AGES 5 TO 21 WITH SERIOUS EMOTIONAL DISTURBANCES. THE EDUCATIONAL PROGRAM SERVED 95 STUDENTS FOR FISCAL YEAR 2023. 82969 68100 IDEA-B - ALL PENNSYLVANIA DEPARTMENT OF EDUCATION ENROLLED STUDENTS ARE INVOLVED IN CAREER EDUCATION CLASSES AND TRANSITION PLANNING BEGINS AT AGE 14. THE PROGRAM INCLUDES MATERIALS, CAREER EXPLORATION, COLLEGE/JOB FAIRS, TRANSPORTATION, EVALUATIONS AND JOB COACHING AND WAGES FOR COORDINATION OF IN-HOUSE STUDENT WORKERS. 156414 242705 ESY- EXTENDED SCHOOL YEAR: SPECIAL EDUCATION AND PARTIAL PSYCHIATRIC SERVICES PROVIDED TO 52 STUDENTS OUTSIDE OF A STANDARD SCHEDULE OF SCHOOL DAYS WITHIN A SCHOOL TERM. 156414 242705 8357458 1 0 0 1 0 0 0 0 0 1 1 0 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 119 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X RONALD F FLANDERS 4127492871 301 CAMP MEETING ROAD SEWICKLEY PA 15143 BARRY BOHN CEO/ASST SECRETARY 8.00 32.00 X X 0 375735 18992 JEFFREY S FLICK CHAIRPERSON 1.00 2.00 X X 0 0 0 MARK HALE VICE CHAIRPERSON 1.00 2.00 X X 0 0 0 JOHN SCHMITT TREASURER 1.00 2.00 X X 0 0 0 MICHAEL A ANGERMAN SECRETARY 1.00 2.00 X X 0 0 0 DAVID R FREUDENRICH TRUSTEE 1.00 2.00 X 0 0 0 A JAY GROSS PHD TRUSTEE 1.00 2.00 X 0 0 0 C ERIC HUSS TRUSTEE 1.00 2.00 X 0 0 0 LYNN IEZZI TRUSTEE 1.00 2.00 X 0 0 0 TODD R JANSMA TRUSTEE 1.00 2.00 X 0 0 0 LOUISE KACZMAREK PHD TRUSTEE 1.00 2.00 X 0 0 0 J ERIC RENNER TRUSTEE 1.00 2.00 X 0 0 0 HARTON S SEMPLE III TRUSTEE 1.00 2.00 X 0 0 0 ROBERT W THOMAS TRUSTEE 1.00 2.00 X 0 0 0 CHARLES E THORNE TRUSTEE 1.00 2.00 X 0 0 0 MARILYN HOYSON COO 11.00 29.00 X 0 229219 16461 RONALD FLANDERS CFO 11.00 29.00 X 0 209029 31472 MELISSA PAINTER CHIEF HUMAN RESOURCE OFFICER 19.00 21.00 X 0 188330 7546 ALEXANDRA WILKES PROGRAM DIRECTOR 27.00 13.00 X 136468 0 30614 136468 1002313 105085 1 0 1 0 DR GIL CITRO 5182 LIBERTY AVE UNIT 90250 PITTSBURGH PA 15224 PSYCHIATRIST 153868 DR ANN-KATHRYN MAUST 2102 TARTAN COURT LATROBE PA 15650 DOCTOR 103593 2 TUITION REVENUE 900099 6659372 6659372 OTHER SUPPORT 900099 2179047 2179047 8838419 PRIOR YEAR SETTLEMENTS 900099 336961 336961 OTHER REVENUE 900099 8125 8125 345086 9183505 8838419 0 345086 153848 153848 4847649 4745297 102352 207502 203591 3911 791547 772109 19438 369446 355068 14378 1457 525 932 30189 30189 775931 358959 416972 272282 270695 1587 193334 26592 166742 1899 1899 894 557 337 177085 177085 545227 474013 71214 CONSULTING 394960 394960 EQUIPMENT 303526 285699 17827 SERVICE CONTRACTS 136140 98603 37537 CLASSROOM SUPPLIES 89573 89573 110154 102233 7921 9402643 8357458 1045185 0 813399 1477351 320649 241028 94045 36934 16104119 7250570 9311211 8853549 4991998 4899442 15531302 15508304 980759 917726 114616 150913 14142235 14147918 15237610 15216557 X -359393 -359181 653085 650928 293692 291747 15531302 15508304 X -219138 217193 X X 0 1 X 1 0 X 0 0 0 0 0 0 0 0 1 2550 2550 0 PART II-B, LINE 1: THE WATSON INSTITUTE FRIENDSHIP ACADEMY PAYS MEMBERSHIP DUES TO ALLIANCE OF APPROVED PRIVATE SCHOOLS. ALLIANCE OF APPROVED PRIVATE SCHOOLS CONTRACTS WITH GREENLEE PARTNERS WHO PROVIDE ADVOCACY/LOBBYING EFFORTS. 653085 27233 29390 650928 737021 -54509 29427 653085 596988 165652 25619 737021 625122 -2915 25219 596988 626853 22679 24410 625122 1.00000 1 1 1 1025000 1025000 13583069 5961069 7622000 1496050 1289501 206549 8853549 BENEFICIAL INTEREST HELD IN TRUST 5763 BENEFICIAL INTEREST IN THE WATSON INSTITUTE 645928 DUE FROM AFFILIATES 3563176 INTEREST RATE SWAP 684575 4899442 X 9215439 31934 31934 9183505 0 9183505 9402643 0 9402643 0 9402643 PART V, LINE 4: THE ENDOWMENT FUND IS TO BE USED TOWARD OPERATIONS AND EDUCATION COSTS NOT REIMBURSED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION. PART X, LINE 2: THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE IRC. IN ADDITION, AS A PENNSYLVANIA NONPROFIT CORPORATION, THE ACADEMY IS NOT SUBJECT TO STATE TAXES. THE ACADEMY HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS REQUIRING AN ACCRUAL OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THERE WERE NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF ACTIVITIES FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE STATUTORY TAX YEARS REMAIN OPEN TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: RESTRICTED FUNDS TRANSFERRED INTO OPERATIONS 31,934. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY IS PUBLISHED IN QUARTERLY NEWSLETTERS AND OTHER PUBLICATIONS. SCHEDULE E, PART I, LINE 6 THE WATSON INSTITUTE FRIENDSHIP ACADEMY RECEIVES MONEY FROM PENNSYLVANIA DEPARTMENT OF EDUCATION X X X 0 0 0 0 0 0 0 0 0 BARRY BOHN CEO/ASST SECRETARY 0 335135 0 17380 0 23220 0 0 0 18992 0 394727 0 0 MARILYN HOYSON COO 0 193818 0 9886 0 25515 0 0 0 16461 0 245680 0 0 RONALD FLANDERS CFO 0 187646 0 9701 0 11682 0 12572 0 18900 0 240501 0 0 MELISSA PAINTER CHIEF HUMAN RESOURCE OFFICER 0 167973 0 8687 0 11670 0 0 0 7546 0 195876 0 0 ALEXANDRA WILKES PROGRAM DIRECTOR 136312 0 0 0 156 0 12683 0 17931 0 167082 0 0 0 A ALLEGHENY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251269117 017292XC2 2010-08-12 15000000 ACQUISITION, CONSTRUCTION, AND EQUIPPING COST OF A NEW EDUCATION BUILDING 0 0 0 A 755000 15000000 186817 2977183 11836000 2010 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 1 1 PNC ADVISORS 5.000000000000 0 0 0 0 0 A 1 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE WATSON INSTITUTE FRIENDSHIP ACADEMY IS THE WATSON INSTITUTE. FORM 990, PART VI, SECTION A, LINE 7A THE WATSON INSTITUTE APPOINTS THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND THE CEO OF THE WATSON INSTITUTE FRIENDSHIP ACADEMY. THE WATSON INSTITUTE ALSO NOMINATES THE CANDIDATES FOR THE BOARD OF TRUSTEES FOR THE WATSON INSTITUTE FRIENDSHIP ACADEMY. FORM 990, PART VI, SECTION A, LINE 7B THE WATSON INSTITUTE HAS THE FOLLOWING EXPRESSLY RESERVED POWERS: REVIEW AND APPROVAL OF THE CAPITAL AND OPERATING BUDGETS. APPROVAL OF CAPITAL EXPENDITURES IN EXCESS OF AN ESTABLISHED AMOUNT AS MAY BE SET FROM TIME TO TIME. APPROVAL OF BYLAWS AND ANY AMENDMENTS THERETO AND TO THE ARTICLES OF INCORPORATION. APPROVAL OF ANY CORPORATE BORROWINGS OR ANY PLACING OF ENCUMBRANCES ON ASSETS, ANY SALES OR LEASES OF CORPORATE PROPERTY OR ANY OTHER ACTIONS NOT IN THE ORDINARY COURSE OF BUSINESS. APPROVAL OF ANY PLAN OF MERGER, CONSOLIDATION, DIVISION, OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE (7 MEMBERS) PRIOR TO BEING FILED WITH THE IRS. THE FINANCE COMMITTEE HAS BEEN DELEGATED THE DUTY TO REVIEW FORM 990 BY THE ENTIRE VOTING MEMBERSHIP OF THE BOARD. ISSUES OR DISCREPANCIES ARE INVESTIGATED WITH MANAGEMENT AND BROUGHT TO THE ATTENTION OF THE ENTIRE BOARD WHEN NECESSARY. A FOLLOW-UP FINANCE COMMITTEE MEETING FOLLOWS THE DISTRIBUTION OF THE ELECTRONIC COPY FOR THE FINANCE COMMITTEE TO GIVE FINAL APPROVAL FOR THE FILING OF FORM 990. FORM 990 IS AVAILABLE TO ANY BOARD MEMBER UPON REQUEST THROUGHOUT THIS PROCESS. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT ARE SENT TO THE BOARD MEMBERS ANNUALLY AND ARE MONITORED FOR RETURN. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF TRUSTEE'S EXECUTIVE COMMITTEE. ORGANIZATIONAL GOALS ARE SET ANNUALLY FOR EACH MEMBER OF THE SENIOR MANAGEMENT TEAM. THESE GOALS COINCIDE WITH THE FISCAL YEAR SO THAT AT THE END OF THE FISCAL YEAR EVALUATIONS ARE COMPLETED ON EACH MEMBER OF THE TEAM. COMPENSATION DECISIONS ARE THEN BASED ON THE ACCOMPLISHMENTS OF THE ANNUAL ORGANIZATIONAL GOALS. FORM 990, PART VI, SECTION C, LINE 18 THE WATSON INSTITUTE FRIENDSHIP ACADEMY MAKES ITS FORM 990 AND FORM 1023 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 AT THIS TIME, THE WATSON INSTITUTE FRIENDSHIP ACADEMY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN THE WATSON INSTITUTE 27,233. CHANGE IN BENEFICIAL INTEREST HELD IN TRUST -313. RESTRICTED FUNDS TRANSFERRED INTO OPERATIONS 31,934. GAIN ON FINANCIAL INSTRUMENTS 158,339. FORM 990, PART XII, LINE 2C: THE WATSON INSTITUTE FRIENDSHIP ACADEMY HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITORS. THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. THE WATSON INSTITUTE 301 CAMP MEETING RD SEWICKLEY PA 15143 251561504 PARENT/EDUCATION PA 501(C)(3) 509(A)(2) 0 THE EDUCATION CENTER AT THE WATSON INSTITUTE 301 CAMP MEETING RD SEWICKLEY PA 15143 251556310 SPECIAL EDUCATION PA 501(C)(3) LINE 2 THE WATSON INSTITUTE 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1