2024-04-08T14:31:56-05:00 2023-08-31 390859910 BAKER TILLY US LLP 66 HUDSON BLVD E SUITE 2200 NEW YORK NY 10001 990 2022-09-01 270753913 BLUE SCHOOL BLUE 9175335177 PO BOX 3441 NEW YORK NY 10008 FRANCIS J MUSSO INTERIM CFO 9175335177 2024-04-08 1 FRANCIS MUSSO XXX-XX-XXXX 0 X PATRICK YU CPA P00675982 2126976900 2024-04-08 X 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X NOAH REINHARDT PO BOX 3441 NEW YORK NY 10008 15274601 0 X WWW.BLUESCHOOL.ORG X 2008 NY BLUE SCHOOL'S MISSION IS TO DEVELOP AND SHARE AN INQUIRY-BASED APPROACH TO EDUCATION THAT FOSTERS CREATIVITY, PROMOTES ACADEMIC EXCELLENCE, NURTURES HUMAN RELATIONSHIPS AND INSPIRES A LIFELONG PASSION FOR LEARNING. X 13 13 98 100 0 0 3393788 4998997 11292584 8340739 0 -9859629 81018 1810617 14767390 5290724 4555524 108947 0 0 6421736 7347992 0 0 541250 4383403 2942677 15360663 10399616 -593273 -5108892 45358751 1383974 92963049 50645042 -47604298 -49261068 X BLUE SCHOOL'S MISSION IS TO DEVELOP AND SHARE AN INQUIRY-BASED APPROACH TO EDUCATION THAT FOSTERS CREATIVITY, PROMOTES ACADEMIC EXCELLENCE, NURTURES HUMAN RELATIONSHIPS AND INSPIRES A LIFELONG PASSION FOR LEARNING. 0 1 7105972 108947 8340739 BLUE SCHOOL IS A N-8 SCHOOL IN DOWNTOWN MANHATTAN. SPANNING THE FOUNDATIONAL FIRST DECADE OF LIFE, THE BLUE SCHOOL EDUCATION PROVIDES FOR A RICH AND UNIQUE RANGE OF INTEGRATED ACADEMIC, SOCIAL AND ARTISTIC EXPERIENCES. THROUGH OUR COMMITMENT TO COMMUNITY, CREATIVITYAND ACADEMIC VIGOR, BLUE SCHOOL NURTURES A FERTILE IMAGINATION, A KEEN INTELLECT, A BIG HEART AND AN INSATIABLE PASSION FOR LEARNING.THE SCHOOL CLOSED IN JUNE 2023. 7105972 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 16 0 98 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X FRANCIS J MUSSO INTERIM CFO 9175335177 PO BOX 3441 NEW YORK NY 10008 RENEE ROLLERI CHAIR, CO-FOUNDER 30.00 0.00 X X 0 0 0 MATTHEW R GOLDMAN VICE CHAIR, CO-FOUNDER 30.00 0.00 X X 0 0 0 ERIC HUANG SECRETARY 5.00 0.00 X X 0 0 0 STEPHEN R WILSON TREASURER 5.00 0.00 X X 0 0 0 JENNIFER LAMBERTS STANTON TRUSTEE, CO-FOUNDER 2.00 0.00 X 0 0 0 BELGIES ANAN TRUSTEE 2.00 0.00 X 0 0 0 JULIAN BARROWCLIFFE TRUSTEE 2.00 0.00 X 0 0 0 DAVID BEAL TRUSTEE 2.00 0.00 X 0 0 0 REBECCA LISICA TRUSTEE 2.00 0.00 X 0 0 0 PETER MASTERSON TRUSTEE 2.00 0.00 X 0 0 0 KATE QUARFORDT TRUSTEE 2.00 0.00 X 0 0 0 ILARIA WOODWARD TRUSTEE 2.00 0.00 X 0 0 0 ROBERT CUDNEY TRUSTEE 2.00 0.00 X 0 0 0 NOAH REINHARDT HEAD OF SCHOOL 40.00 0.00 X 400696 0 0 MICHAEL JACKSON CFO (UNTIL 7/31/23) 40.00 0.00 X 229011 0 1389 FRANCESCA LANNING DIRECTOR OF ADVANCEMENT 40.00 0.00 X 152237 0 528 TU HARRIS PRIMARY DIRECTOR 40.00 0.00 X 196202 0 17683 DAWN WILLAIMS DIRECTOR OF ENROLLMENT 40.00 0.00 X 156881 0 0 ALEXANDRA J DAVIS MIDDLE SCHOOL DIRECTOR 40.00 0.00 X 142796 0 1708 HILARY WALLIS DIRECTOR OF COMMUNICATIONS 40.00 0.00 X 104357 0 1804 1382180 0 23112 7 0 1 0 LITTLER MENDELSON PC 2301 MCGEE ST SUITE 800 KANSAS CITY MO 64108 LEGAL SERVICES 159668 EAST WIND SECURITIES LLC 135 WEST 50TH STREET 19TH FLOOR NEW YORK NY 10020 EB5 CONSULTANTS 152500 2 1681000 3317997 178445 4998997 TUITION & FEES 611600 8340739 8340739 8340739 984 984 1000 0 1000 1000 1000 107959 9968572 -9860613 -9860613 -9860613 25998 15305 10693 10693 DEFERRED RENT WRITE OFF 900099 1772753 1772753 CREDIT CARD REWARDS 900099 23502 23502 HARVEST FESTIVAL 900099 1595 1595 1074 1074 1798924 5290724 8340739 0 -8049012 108947 108947 654661 451963 138132 64566 5406428 3943390 1165868 297170 153784 118222 25832 9730 683761 496584 146308 40869 449358 321459 101443 26456 163512 128793 34719 271377 271377 323523 323523 43500 43500 51258 51258 319195 151885 160554 6756 79447 56695 18047 4705 87544 63579 18732 5233 2098 2098 62157 34425 20574 7158 4197 3048 898 251 678484 492752 145179 40553 258973 188080 55414 15479 FACILITY 373499 271255 79920 22324 EB5 ADMIN EXPENSE 111762 111762 CLASSROOM SUPPLIES 91489 91489 FOOD SERVICES 10574 10574 10088 9812 276 10399616 7105972 2752394 541250 947912 1061509 492123 282181 43301 0 0 17662034 26213381 40284 45358751 1383974 2797051 3292073 4110357 0 5039113 14000503 23177004 12351771 57839524 21000695 92963049 50645042 X -47604298 -49261068 -47604298 -49261068 45358751 1383974 X -5108892 3452122 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO RELATED ORGANIZATIONS 21000695 21000695 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 BLUE SCHOOL IS A MEMBER OF THE INDEPENDENT SCHOOLS ADMISSIONS ASSOCIATION OF GREATER NEW YORK (ISAAGNY), WHICH PUBLISHES THE FOLLOWING STATEMENT ON ITS WEBSITE: "ISAAGNY MEMBER SCHOOLS ADMIT STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. THEY DO NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL ADMINISTERED PROGRAMS." SCHEDULE E, PART I, LINE 6 SMALL BUSINESS ADMINISTRATION PAYROLL PROTECTION PLAN LOAN $1,681,000 GLOW PARTY 25998 25998 15305 25998 25998 15305 15305 10693 1 TUITION ASSISTANCE 135 74046 AFTER SCHOOL PROGRAMS DISCOUNT 34 34901 PART I, LINE 2: BLUE SCHOOL HAS A TUITION ASSISTANCE COMMITTEE CONSISTING OF THE HEAD OF SCHOOL, DIRECTOR OF ADMISSIONS AND THE CHIEF FINANCIAL OFFICER, WHICH IS RESPONSIBLE FOR DETERMINING THE APPROPRIATE LEVEL OF AWARDS TO OFFER TO THOSE FAMILIES WHO APPLY FOR FINANCIAL AID TO OFFSET THEIR TUITION PAYMENTS. RETURNING FAMILY TA REQUESTS ARE PROCESSED IN JANUARY AND NEW FAMILY TA REQUESTS IN FEBRUARY. THE COMMITTEE TRACKS THE OVERALL DISCOUNT RATE (I.E. THE PERCENTAGE OF GROSS TUITION BEING AWARDED) AND CONSIDERS THE SCHOOL'S OVERALL NET REVENUE REQUIREMENTS WHEN MAKING ITS DETERMINATIONS. FAMILIES APPLYING FOR AID PROVIDE THE NECESSARY ONLINE INFORMATION ABOUT THEIR FINANCIAL CAPACITY INCLUDING TAX FORMS AS WELL AS A SCHOOL-CREATED APPLICATION, VIA SSS BY NAIS. THE CFO REVIEWS EACH APPLICANT FILE AND FORMULATES AN AWARD RECOMMENDATION WHICH IS SHARED WITH THE TA COMMITTEE. OVER A NUMBER OF MEETINGS, THE COMMITTEE ESTABLISHES THE AWARDS TO BE GRANTED AND THIS INFORMATION IS SHARED WITH FAMILIES IN THEIR RE-ENROLLMENT/ENROLLMENT CONTRACT. X X 0 0 0 0 0 0 0 0 0 NOAH REINHARDT HEAD OF SCHOOL 400696 0 0 0 0 0 0 0 0 0 400696 0 0 0 MICHAEL JACKSON CFO (UNTIL 7/31/23) 229011 0 0 0 0 0 0 0 1389 0 230400 0 0 0 TU HARRIS PRIMARY DIRECTOR 196202 0 0 0 0 0 0 0 17683 0 213885 0 0 0 DAWN WILLAIMS DIRECTOR OF ENROLLMENT 156881 0 0 0 0 0 0 0 0 0 156881 0 0 0 FRANCESCA LANNING DIRECTOR OF ADVANCEMENT 152237 0 0 0 0 0 0 0 528 0 152765 0 0 0 MATT GOLDMANRENEE ROLLERI BOARD MEMBER OPERATING CAPITAL X 5000000 5107670 0 1 1 MATT GOLDMANRENEE ROLLERI BOARD MEMBER LOAN GUARANTEE X 8892833 8892833 0 1 1 14000503 X 2 178445 NYSE 0 0 0 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. CLASSROOM EQUIPMENT 2023-04-25 6236 BOOK 133876942 BEIT RABBAN DAY SCHOOL 15 WEST 86TH STREET NEW YORK NY 10024 501C3 CLASSROOM EQUIPMENT 2023-05-08 3769 BOOK 822344092 HAMILTON PARK MONTESSORI 1 MCWILLIAMS PLACE JERSEY CITY NJ 07302 501C3 CLASSROOM EQUIPMENT 2023-05-16 1256 BOOK 822344092 HAMILTON PARK MONTESSORI 1 MCWILLIAMS PLACE JERSEY CITY NJ 07302 501C3 CLASSROOM EQUIPMENT 2023-05-22 10433 BOOK 133876942 BEIT RABBAN DAY SCHOOL 15 WEST 86TH STREET NEW YORK NY 10024 501C3 CLASSROOM EQUIPMENT 2023-06-01 1088 BOOK GRACE CHURCH 802 BROADWAY NEW YORK NY 10003 CORPORATION CLASSROOM EQUIPMENT 2023-06-21 4489 BOOK GREEN IVY SCHOOL 21 S END AVE NEW YORK NY 10280 CORPORATION CLASSROOM EQUIPMENT 2023-06-21 4735 BOOK GREEN IVY SCHOOL 21 S END AVE NEW YORK NY 10280 CORPORATION CLASSROOM EQUIPMENT 2023-06-23 28118 BOOK GREEN IVY SCHOOL 21 S END AVE NEW YORK NY 10280 CORPORATION CLASSROOM EQUIPMENT 2023-08-01 5302 BOOK LITTLE RED SCHOOLHOUSE 272 SIXTH AVE NEW YORK NY 10014 CORPORATION CLASSROOM EQUIPMENT 2023-08-11 34729 BOOK 133876942 BEIT RABBAN DAY SCHOOL 15 WEST 86TH STREET NEW YORK NY 10024 501C3 CLASSROOM EQUIPMENT 2023-08-31 7805 BOOK EMPLOYEES PO BOX 3441 NEW YORK NY 10008 INDIVDIUALS 0 0 0 0 SCHEDULE N, PART II - TRANSFER OF MORE THAN 25% OF ORGANIZATIONS ASSETS THE SCHOOL CEASED OPERATIONS ON 6/30/23. IT OPERATED AT TWO LOCATIONS. THE BUILDING LOCATED AT 241 WATER STREET WAS A GROUND LEASE WITH A CARRYING VALUE OF $12.3 MILLION AS OF THE BEGINNING OF THE TAX YEAR. EFFECTIVE JUNE 30, 2023, THE SCHOOL EXECUTED A LEASE AND SURRENDER AGREEMENT ENDING THE GROUND LEASE AND RETURNING THE BUILDING AS IMPROVED BACK TO THE LANDLORD.THE FACILITY LOCATED AT 233 WATER STREET WAS UNDER A MEMORANDUM OF LEASE AND CARRIED A VALUE OF $5.1 MILLION IN LEASEHOLD IMPROVEMENTS AS OF THE BEGINNING OF THE TAX YEAR. THE LEASE WAS TERMINATED AND RELEASED.REMAINING CLASSROOM EQUIPMENT WAS SOLD TO THE PARTIES LISTED IN PART II. FORM 990, PART III, LINE 3 THE BLUE SCHOOL CLOSED IN JUNE 2023 AND ENTERED INTO A STRATEGIC AGREEMENT WITH LREI WHICH OFFERED ADMISSION TO STUDENTS FOR FALL 2023. FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP - BOARD CHAIR - RENEE ROLLERI AND VICE CHAIR - MATTHEW GOLDMAN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S POLICY IS TO PRESENT THE FORM 990 TO ITS BOARD OF TRUSTEES INCLUDING ALL REQUIRED SUPPLEMENTAL SCHEDULES. EACH MEMBER OF THE BOARD OF TRUSTEES WILL RECEIVE A COPY OF THE FORM 990 PRIOR TO THE SUBMISSION OF THE FORM TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE SCHOOL OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE SCHOOL'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FURTHER, WHEN CONDUCTING THE PERIODIC REVIEWS AS PROVIDED FOR IN ARTICLE VII, THE SCHOOL MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. IF OUTSIDE EXPERTS ARE USED, THEIR USE SHALL NOT RELIEVE THE GOVERNING BOARD OF ITS RESPONSIBILITY FOR ENSURING PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL AND THE EXECUTIVE DIRECTOR'S SALARIES ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES VARIOUS OF ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: AMORTIZED GAIN ON SALE OF FIXED ASSETS 3,452,122. BLUE SCHOOL FUND I MANAGER LLC 241 WATER STREET NEW YORK NY 10038 364779929 MANAGING MEMBER OF BLUE SCHOOL FUND I, LLC DE 0 0 BLUE SCHOOL BLUE SCHOOL HOLDINGS LLC 241 WATER STREET NEW YORK NY 10038 300810808 DEVELOPMENT AND OPERATION OF THE BLUE SCHOOL PRESENT AND FUTURE PROJECTS DE 0 0 BLUE SCHOOL BLUE SCHOOL FUND 2 MANAGER LLC 241 WATER STREET NEW YORK NY 10038 300874055 MANAGING MEMBER OF BLUE SCHOOL FUND 2, LLC DE 0 0 BLUE SCHOOL BLUE SCHOOL REAL ESTATE LLC 241 WATER STREET NEW YORK NY 10038 270753913 REAL ESTATE MANAGEMENT DE 0 0 BLUE SCHOOL BLUE SCHOOL FUND 3 MANAGER LLC 241 WATER STREET NEW YORK NY 10038 352542304 MANAGING MEMBER OF BLUE SCHOOL FUND 3, LLC DE 0 0 BLUE SCHOOL BLUE HOLDINGS EAST ASIA LLC 241 WATER STREET NEW YORK NY 10038 611856895 CONSULTING, TEACHER TRAINING, & OTHER EDUCATION INITIATIVES WITH CHINA DE 0 0 BLUE SCHOOL BLUE U LLC 241 WATER STREET NEW YORK NY 10038 301004978 DEVELOP TEACHER, ADMINISTRATOR & PARENT TRAINING PROGRAMS & CURRICULUM DE 0 0 BLUE SCHOOL BLUE FACILITIES INC 241 WATER STREET NEW YORK NY 10038 814722559 SUPPORT AND BENEFIT THE SCHOOL AND ITS RELATED NOT-FOR-PROFIT ENTITIES NY 501(C)(3) LINE 10 BLUE SCHOOL 1 BLUE SCHOOL FUND 1 LLC 241 WATER STREET NEW YORK NY 10038 611733029 AIDING AND FUNDING THE EXPANSION OF THE SCHOOL PROJECT DE BLUE SCHOOL FUND 1 MANAGER LLC 0 0 BLUE SCHOOL FUND 2 LLC 241 WATER STREET NEW YORK NY 10038 320467977 DEVELOPMENT AND OPERATING OF THE BLUE SCHOOL PRESENT AND FUTURE PROJECTS DE BLUE SCHOOL FUND 2 MANAGER LLC 0 0 BLUE SCHOOL FUND 3 LLC 241 WATER STREET NEW YORK NY 10038 320475816 AIDING AND FUNDING THE EXPANSION OF THE SCHOOL PROJECT DE BLUE SCHOOL FUND 3 MANAGER LLC 0 0 BLUE HOLDINGS GLOBAL INC 241 WATER STREET NEW YORK NY 10038 320543689 OVERSEE MONETIZATION OF BLUE SCHOOL IP DE BLUE SCHOOL C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1