2024-05-06T13:17:47-05:00 2023-06-30 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2022-07-01 232728931 THE GESU SCHOOL INC GESU 2157633660 1700 W THOMPSON ST PHILADELPHIA PA 19121 BRYAN H CARTER PRESIDENT 2157633660 2024-05-01 1 BRYAN CARTER 999009999 1 SOLOMON MARDAKHAEV P01806552 6105653930 2024-04-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRYAN H CARTER 1700 W THOMPSON ST PHILADELPHIA PA 19121 16432291 0 X WWW.GESUSCHOOL.ORG X 1993 PA INDEPENDENT CATHOLIC SCHOOL (PRE-K TO 8TH GRADE) IN THE JESUIT AND IHM TRADITIONS PROVIDING ACADEMIC, SPIRITUAL AND SOCIAL DEVELOPMENT TO CHILDREN WHO RESIDE PRIMARILY IN POVERTY STRICKEN AREAS OF PHILADELPHIA 49 49 100 47 0 0 6877071 6513783 3842045 3786976 2738566 86021 -38120 257164 13419562 10643944 3229932 3046289 0 0 4615788 5069418 0 0 915391 1545940 1939251 9391660 10054958 4027902 588986 37364514 41783997 883957 1092621 36480557 40691376 X INSPIRED BY THE JESUIT AND IHM TRADITIONS OF SOCIAL JUSTICE, FAITH, CREATIVE HOPE, AND LOVE, GESU SCHOOL HELPS STUDENTS TO TRANSCEND ALL FORMS OF POVERTY BY PROVIDING A COMPREHENSIVE, INNOVATIVE EDUCATION. WE EMPOWER OUR STUDENTS TO DEVELOP THEIR STRENGTHS, OVERCOME CHALLENGES, AND BECOME POSITIVE, ENGAGED MEMBERS OF THE COMMUNITY AND THE WORLD. 0 0 7979035 3046289 3786976 ELEMENTARY & PRE-K EDUCATION PROVIDED ON A NON-SELECTIVE BASIS FOR 400 INNER-CITY SCHOOL CHILDREN, HOUSED IN A FACILITY DONATED BY ST. JOSEPH'S PREP. THE EDUCATIONAL BENEFITS OF THE GESU SCHOOL ARE EVIDENCED BY HISTORICAL HIGH SCHOOL GRADUATION RATES FOR ITS STUDENTS OF 90% VERSUS THE AVERAGE RATE IN PHILADELPHIA OF 70%, AND 80% STATE-WIDE. 7979035 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 11 0 100 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 49 49 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X CAROLYNN THOMPSON 2157633660 1700 W THOMPSON ST PHILADELPHIA PA 19121 STEVEN S PILTCH CHAIR 1.00 X X 0 0 0 SUSAN MANIX VICE CHAIR 1.00 X X 0 0 0 GREG RIGDON VICE CHAIR 1.00 X X 0 0 0 KEITH PENSION SECRETARY 1.00 X X 0 0 0 GERARD DAVIES TREASURER 1.00 X X 0 0 0 JEFF ARMBRISTER TRUSTEE 0.50 X 0 0 0 DONNA BULLOCK TRUSTEE 0.50 X 0 0 0 GEORGE BUR SJ TRUSTEE 0.50 X 0 0 0 CRAIG BURNS TRUSTEE 0.50 X 0 0 0 ANDREW CAVACOS TRUSTEE 0.50 X 0 0 0 ELLEN CHURCHILL TRUSTEE 0.50 X 0 0 0 WINSTON CHURCHILL TRUSTEE 0.50 X 0 0 0 JOHN JCURRY TRUSTEE 0.50 X 0 0 0 SHERRI DARDEN TRUSTEE 0.50 X 0 0 0 THOMAS DECKER ESQ TRUSTEE 0.50 X 0 0 0 JOHN DITULIO TRUSTEE 0.50 X 0 0 0 ROSEMARY ESPANOL TRUSTEE 0.50 X 0 0 0 TAMIKA EVANS TRUSTEE 0.50 X 0 0 0 PETER GOULD TRUSTEE 0.50 X 0 0 0 FRANCES GRAY TRUSTEE 0.50 X 0 0 0 JAMES HIGGINS TRUSTEE 0.50 X 0 0 0 EVE HIGGINBOTHAM TRUSTEE 0.50 X 0 0 0 DAVID HILTON TRUSTEE 0.50 X 0 0 0 DAVID HILTON III TRUSTEE 0.50 X 0 0 0 KATHERINE HOVDE TRUSTEE 0.50 X 0 0 0 DANIEL JOYCE SJ TRUSTEE 0.50 X 0 0 0 KAREN LUCEY TRUSTEE 0.50 X 0 0 0 NYREE LYONS RN TRUSTEE 0.50 X 0 0 0 JOHN MARINACCI TRUSTEE 0.50 X 0 0 0 ROBERT MCALAINE TRUSTEE 0.50 X 0 0 0 BYRON MCCOOK EDD TRUSTEE 0.50 X 0 0 0 MARIE T MCCORMICK TRUSTEE 0.50 X 0 0 0 ALLAN MURPHY TRUSTEE 0.50 X 0 0 0 LOUIS PICHINI TRUSTEE 0.50 X 0 0 0 STEPHEN ANNE RODRIGUEZ IHM TRUSTEE 0.50 X 0 0 0 EILISE ROUSE TRUSTEE 0.50 X 0 0 0 MARGARET RODGERS-SCHMIDT TRUSTEE 0.50 X 0 0 0 ANGELA SCHWARTZ TRUSTEE 0.50 X 0 0 0 DESMOND SHANNON TRUSTEE 0.50 X 0 0 0 SUSAN MARTINELLI-SHEA TRUSTEE 0.50 X 0 0 0 DARYL SHORE TRUSTEE 0.50 X 0 0 0 MARK SOLOMON TRUSTEE 0.50 X 0 0 0 SYLVIA SPECTOR TRUSTEE 0.50 X 0 0 0 RASHEED STEWARD TRUSTEE 0.50 X 0 0 0 MARY ELLEN TENNITY IHM TRUSTEE 0.50 X 0 0 0 STEPHEN THORNE TRUSTEE 0.50 X 0 0 0 SHERMAN WASHINGTON TRUSTEE 0.50 X 0 0 0 LAWRENCE WELLS TRUSTEE 0.50 X 0 0 0 ANEKA WILLIAMS TRUSTEE 0.50 X 0 0 0 BRYAN H CARTER PRESIDENT AND CEO 50.00 X 234805 0 50000 CAROLYNN THOMPSON FINANCE DIRECTOR 50.00 X 123682 0 2972 ROB WEINSTEIN VICE PRESIDENT-DEVELOPMENTAL 50.00 X 127327 0 2000 485814 0 54972 3 0 1 0 CARDINAL POINT HOMELAND SECURITY PO BOX 204695 DALLAS TX 753204695 SECURITY 130234 ALLAN INDUSTRIES PO BOX 4924 LANCASTER PA 17604 CLEANING 124405 ACE TECHNOLOGY GROUP 1220 VALLEY FORGE ROAD SUITE 29 PHOENIXVILLE PA 19460 MANAGED IT SERVICES 105003 3 1035 145085 6367663 97394 6513783 TUITION & FEES 611600 3786976 3786976 3786976 689352 689352 5089751 283 5693365 0 -603614 283 -603331 -603331 63778 145085 94982 -31204 -31204 2228 0 2228 2228 BAD DEBT RECOVERIES 900099 250000 250000 ARCHDIOCESE WAGE SUBSIDY 611600 31916 31916 4224 4224 286140 10643944 3786976 0 343185 3046289 3046289 553848 553848 3655259 2648404 362705 644150 105791 90784 15007 464122 346499 60345 57278 290398 186862 59980 43556 70824 70824 22850 22850 182346 177976 2014 2356 89428 18161 71267 110045 62767 9459 37819 42911 24105 273 18533 526507 513599 5811 7097 32950 32950 38819 30825 7994 379011 369929 4186 4896 130105 126987 1437 1681 SUPPLIES & OTHER 143703 139946 3757 STUDENT ACTIVITIES 95299 95299 MEALS & ENTERTAINMENT 66655 66655 7798 998 6800 10054958 7979035 1160532 915391 2159808 1974706 11264174 10296268 2105217 1650170 0 90563 77911 88666 12669395 6990790 5837174 5678605 9753358 15230287 6166872 6774732 37364514 41783997 851950 1067507 32007 25114 883957 1092621 X 22321709 23559083 14158848 17132293 36480557 40691376 37364514 41783997 588986 3621833 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26113428 2094500 3695522 1086600 30816850 27824890 3219966 -3922954 1008474 26113428 22714149 800000 5271266 960525 27824890 21969456 600000 1072627 927934 22714149 21958994 160000 722240 871778 21969456 0.53180 0.33370 0.13450 0 0 3500 3500 1965000 857801 1107199 8881785 4601116 4280669 1491604 1243187 248417 327506 288686 38820 5678605 SPDR S&P 500 ETF TRUST 4632719 F ISHARES TR MSCI EAFE ETF 2142013 F 6774732 11064470 3621833 3621833 7442637 3201307 3201307 10643944 6853651 -155018 -155018 7008669 3046289 3046289 10054958 PART V, LINE 4: THE ORGANIZATION HAS AN INVESTMENT COMMITTEE WHICH OVERSEES THE INVESTMENT ADVISORS' INVESTMENT OF ENDOWMENT ASSETS TO PROTECT THE FUTURE PURCHASING POWER OF THE PRINCIPAL OF THE ENDOWED FUNDS AND PROVIDE A SOURCE OF INCOME TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION. INVESTMENT RETURNS THROUGH JUNE 30, 2023 HAVE AVERAGED AN ANNUAL RATE OF RETURN OF 5% FOR THE LAST FIVE YEARS. THE RETURN OBJECTIVE IS TO PRODUCE AN AVERAGE RATE OF RETURN SUFFICIENT TO PRESERVE THE PURCHASING POWER OF THE ENDOWMENT AFTER WITHDRAWALS ARE TAKEN. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. THE INVESTMENT COMMITTEE DETERMINES SPENDING OF THE ORGANIZATION'S PERMANENTLY RESTRICTED NET ASSETS IN ITS INVESTMENT PORTFOLIO WITHIN THE PARAMETERS OF ACT 141 (BETWEEN 2% TO 7% OF ENDOWMENT VALUE). FOR EACH OF THE YEARS ENDED JUNE 30, 2023 AND 2022, THE INVESTMENT COMMITTEE DETERMINED THE SPENDING RATE TO BE 4.25% OF DONOR-RESTRICTED AND BOARD-DESIGNATED ENDOWMENT FUNDS, INCLUDING UNDERWATER ENDOWMENTS, IN ITS INVESTMENT PORTFOLIO, BASED ON THE INVESTMENT PORTFOLIO'S FAIR VALUE DETERMINED QUARTERLY ON THE LAST TRADING DAY OF EACH CALENDAR QUARTER AND AVERAGED OVER THE 12 QUARTERS THROUGH MARCH 31 OF THE PREVIOUS FISCAL YEAR. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 3,046,289. FUNDRAISING EVENT EXPENSES -94,982. RECOVERY OF PRIOR YEAR GRANT 250,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 94,982. RECOVERY OF PRIOR YEAR GRANT -250,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 3,046,289. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 YES, POLICY IS PUBLICIZED THROUGH THE SCHOOL'S MISSION STATEMENT, WEB-SITE AND VARIOUS OTHER FORMS OF COMMUNICATION. GALA 202818 139040 63778 40367 23301 26569 SYMPOSIUM 6045 6045 4745 208863 145085 63778 40367 23301 31314 94982 -31204 1 GESU STUDENT SCHOLARSHIP AWARDS 418 1339839 3RD PARTY SCHOLARSHIP AWARDS 385 1706450 PART I, LINE 2: THE GESU SCHOOL HAS DEFINED ELIGIBILITY REQUIREMENTS AND MAINTAINS ELIGIBILITY RECORDS FOR GRANTS PROVIDED TO THE SCHOOL'S STUDENTS AND GRADUATES OF THE SCHOOL WHO ARE CURRENTLY IN HIGH SCHOOL. IN PROVIDING GRANTS TO STUDENTS OF OTHER SCHOOLS, GESU SCHOOL PROVIDES THEIR GRANT ELIGIBILITY REQUIREMENTS TO THOSE SCHOOLS AND ASKS THOSE SCHOOLS TO DETERMINE ELIGIBLE STUDENTS AND TO MAINTAIN ELIGIBILITY RECORDS IN ORDER TO PRESERVE PRIVACY AND AVOID THE EXPOSURE OF ANY PERSONAL STUDENT INFORMATION. X 0 1 0 0 0 0 0 0 0 BRYAN H CARTER PRESIDENT AND CEO 234805 0 0 0 0 0 50000 0 0 0 284805 0 0 0 PART I, LINE 4B THE ORGANIZATION MAINTAINS A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER IRC SECTION 457(F) FOR BRYAN CARTER, PRESIDENT & CEO. DURING CALENDAR YEAR 2022, THE REPORTING ORGANIZATION DEFERED COMPENSATION FOR BRYAN CARTER. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (C). X 4 97394 SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUNM (B). FORM 990, PART VI, SECTION A, LINE 2 ELLEN CHURCHILL AND WINSTON CHURCHILL HAVE A FAMILY RELATIONSHIP. DAVID HILTON AND DAVID HILTON III HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF FORM 990 IS SENT TO ALL BOARD MEMBERS FOR COMMENT AND REVIEW PRIOR TO FILING FORM 990. FORM 990, PART VI, SECTION B, LINE 12C COMMITTEE ON TRUSTEES IS CHARGED WITH THE RESPONSIBILITY OF OVERSEEING CONFLICTS OF INTEREST AMONG THE BOARD MEMBERS AND OFFICERS. THE COMMITTEE CONDUCTS ON-BOARDING TRAINING FOR ALL NEW BOARD MEMBERS DURING WHICH THE SCHOOL'S POLICY ON CONFLICT OF INTEREST IS ADDRESSED. DURING FISCAL YEAR 2023 THE COMMITTEE WAS NOT AWARE OF ANY SITUATIONS OR AFFILIATIONS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST, SUCH AS DOING BUSINESS WITH CLOSE FAMILY MEMBERS; DIRECTING INVESTMENTS THRU WHICH ONE COULD BENEFIT FINANCIALLY; OR ANY OTHER TYPES OF TRANSACTIONS OR RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S SALARY IS REVIEWED BY THE EXECUTIVE COMMITTEE. THE PRESIDENT AND EC REVIEW OTHER OFFICER AND KEY EMPLOYEE COMPENSATION PLANS. IN EACH CIRCUMSTANCE, RELEVANT COMPARATIVE DATA IS USED TO EVALUATE THE COMPENSATION PACKAGE OFFERED. FORM 990, PART VI, SECTION C, LINE 19 GESU SCHOOL INC.'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FINANCIALS STATEMENTS ARE AVAILABLE AT WWW.GESUSCHOOL.ORG. THE GESU SCHOOL SCHOLARSHIP #1 LLC 1700 W THOMPSON ST PHILADELPHIA PA 19121 821368472 TO PARTICIPATE IN THE PENNSYLVANIA CREDIT PROGRAMS PA THE GESU SCHOOL INC EXCLUDED 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0