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Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Open to Public
Inspection
Name of the organization
SOLEBURY SCHOOL
 
Employer identification number
23-1365969
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government
(b) EIN (c) IRC section
(if applicable)
(d) Amount of cash grant (e) Amount of non-cash
assistance
(f) Method of valuation
(book, FMV, appraisal,
other)
(g) Description of
noncash assistance
(h) Purpose of grant
or assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
0
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
0
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2022
Page 2

Schedule I (Form 990) 2022
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients
(c) Amount of
cash grant
(d) Amount of
noncash assistance
(e) Method of valuation (book,
FMV, appraisal, other)
(f) Description of noncash assistance
(1) FINANCIAL ASSISTANCE TO STUDENTS FOR TUITION 130 3,915,520 0 N/A N/A
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
PART I, LINE 2: THE PROCESS FOR DETERMINING WHETHER A FAMILY QUALIFIES FOR FINANCIAL AID, AND IF SO, HOW MUCH, BEGINS WITH THE FAMILY FILLING OUT A FINANCIAL AID APPLICATION CALLED THE PARENT FINANCIAL STATEMENT. THIS IS DONE THROUGH AN OUTSIDE COMPANY, SCHOOL AND STUDENT SERVICES, THAT PROVIDES THIS FORM FOR INDEPENDENT SCHOOLS. THE COMPANY'S SOFTWARE HAS AN ALGORITHM THAT EXAMINES THE FINANCIAL DATA A FAMILY SUBMITS AND PROVIDES SCHOOLS WITH AN "ESTIMATED FAMILY CONTRIBUTION" (EFC) - AN ESTIMATE OF WHAT IT FEELS A FAMILY CAN AFFORD FOR TUITION. ONCE STUDENTS ARE ACCEPTED BY THE ADMISSIONS COMMITTEE, THE FINANCIAL AID COMMITTEE EXAMINES THE FINANCIAL AID FORM AND THE DATA FROM THE COMPANY AND DETERMINES WHETHER THE EFC IS ACCURATE, OR WHETHER IT OVERESTIMATES OR UNDERESTIMATES A FAMILY'S ABILITY TO PAY. OFTEN, CONVERSATIONS HAPPEN WITH A FAMILY TO FULLY UNDERSTAND THEIR SITUATION AND TO TRY TO GET THE MOST ACCURATE SENSE OF WHAT A FAMILY CAN AFFORD. ONCE THIS IS DETERMINED, THE FINANCIAL AID COMMITTEE DECIDES WHICH STUDENTS WE CAN AFFORD TO MAKE OFFERS TO AND HOW MUCH AID THESE OFFERS WILL ENTAIL. SADLY, THERE ARE ALWAYS MORE FAMILIES WHO HAVE A GREATER TOTAL NEED THAN OUR RESOURCES ALLOW, AND THUS SOME FAMILIES DO NOT RECEIVE AN ADMISSIONS OFFER. TUITION ASSISTANCE IS ONLY PROVIDED TO STUDENTS OF SOLEBURY SCHOOL AND IS APPLIED DIRECTLY TO THE STUDENT'S TUITION COSTS. NO FUNDS ARE RELEASED TO RECIPIENTS AND AS SUCH THE SCHOOL IS ABLE TO ENSURE PROPER USE OF THE FUNDS.
Schedule I (Form 990) 2022



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