2024-05-07T10:55:07-05:00 2023-06-30 FORVIS LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2022-07-01 135653140 CORLEARS SCHOOL % ROBERT F FANTAUZZI CORL 2127412800 324 WEST 15TH STREET NEW YORK NY 10011 ROBERT FANTAUZZI DIRECTOR 2127412800 2024-05-15 true Robert Fantauzzi 999009999 Aaron Shapiro P01333816 2128674000 2024-05-15 2 2022 2023-04-26 12:10:37Z ROBERT FANTAUZZI 324 WEST 15TH STREET NEW YORK NY 10011 7255327 false X WWW.CORLEARSSCHOOL.ORG X 1970 NY TO OPERATE A NON-PROFIT PRIVATE SCHOOL FOR STUDENTS AGED 2-10. 14 14 84 25 0 1240231 2351080 4948120 4871192 528 22 -35638 -80328 6153241 7141966 1663726 1559269 0 0 4923608 4972889 0 0 232129 2039519 1958362 8626853 8490520 -2473612 -1348554 10609955 11867666 9302068 11890090 1307887 -22424 X CORLEARS STUDENTS LEARN, PLAY, AND GROW TOGETHER IN A SCHOOL DESIGNED FOR WHO THEY ARE AT AGES 2 THROUGH 10. DURING THESE CRUCIAL FORMATIVE YEARS, WE BUILD A FOUNDATION OF COMPASSION, CRITICAL THINKING, IMAGINATION AND LEADERSHIP, AND CULTIVATE A JOY AND CONFIDENCE IN LEARNING THAT SERVES OUR GRADUATES THROUGHOUT THEIR LIVES. false false 5999515 1559269 4871192 CORLEARS SCHOOL IS AN INDEPENDENT SCHOOL FOR STUDENTS AGED 2-10. IT PROVIDES NURSERY THROUGH FIFTH GRADE EDUCATIONAL SERVICES. CORLEARS SERVED 95 STUDENTS DURING THE 22-23 SCHOOL YEAR WITH A MISSION AS CORLEARS STUDENTS LEARN, PLAY AND GROW TOGETHER IN A SCHOOL DESIGNED FOR WHO THEY ARE. DURING THESE CRUCIAL FORMATIVE YEARS, WE BUILD A FOUNDATION OF COMPASSION, CRITICAL THINKING, IMAGINATION AND LEADERSHIP, AND CULTIVATE A JOY AND CONFIDENCE IN LEARNING THAT SERVES OUR GRADUATES THROUGHOUT THEIR LIVES. 5999515 true true false false false false false false false true true false false false true false false false true false false false false false true false false false true true false false false false false false false false false false false false false false false false false true 33 0 84 true false false false false false true true false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true true false NY X ROBERT F FANTAUZZI 2127412800 324 WEST 15 STREET NEW YORK NY 10011 David Egolf Head of school 40.0 0.0 X 288415 0 9600 Robert Fantauzzi CFO 40.0 0.0 X 203982 0 0 Mansi Vasa Director of DEI 40.0 0.0 X 137587 0 17340 Amanda Steiner Director of Marketing 40.0 0.0 X 131976 0 17024 Yvonne Casuso Director of Development 40.0 0.0 X 116883 0 16183 Colleen Goddard Early Childhood Div. Director 40.0 0.0 X 112013 0 15956 Nashali Castillo School Nurse 40.0 0.0 X 107005 0 15656 Brandon Weber Chair 2.0 0.0 X X 0 0 0 Joel Steinhaus Co-Vice Chair 2.0 0.0 X X 0 0 0 Savita Bharadwa Co-Vice Chair 2.0 0.0 X X 0 0 0 Mahesh Saireddy Treasurer 2.0 0.0 X X 0 0 0 Darsha King Co-Secretary 2.0 0.0 X X 0 0 0 Deepti Shenoy Co-Secretary 2.0 0.0 X X 0 0 0 Jeffrey Whyte Trustee 2.0 0.0 X 0 0 0 Savita Bharadwa Trustee 2.0 0.0 X 0 0 0 Mahesh Saireddy Trustee 2.0 0.0 X 0 0 0 Renee Nicholson Trustee 2.0 0.0 X 0 0 0 Darsha King Trustee 2.0 0.0 X 0 0 0 Sarah Watson Trustee 2.0 0.0 X 0 0 0 Elena Self Trustee 2.0 0.0 X 0 0 0 Christopher Grimaldi Trustee 2.0 0.0 X 0 0 0 1097861 0 91759 7 false true false 0 127225 1033837 1190018 2351080 TUITION & FEES 611110 4517735 4517735 AFTER SCHOOL 611110 96756 96756 SUMMER SCHOOL 611110 256701 256701 4871192 22 22 0 0 2329 1519 810 0 810 810 0 20650 127225 111842 -91192 -91192 0 0 0 0 0 0 MISCELLANEOUS 900099 10054 10054 10054 7141966 4871192 -80306 0 1559269 1559269 0 0 555476 329840 202705 22931 0 3630864 2155994 1324982 149888 130277 77358 47541 5378 359338 213374 131130 14834 296934 176318 108358 12258 7500 7500 27957 27957 46992 46992 0 0 0 170732 65504 105228 0 441768 389194 52574 0 0 687317 623883 63434 0 0 0 0 0 319695 287726 23977 7992 0 FOOD 121055 121055 BAD DEBT 103346 103346 MISCELLANEOUS 32000 13152 18848 8490520 5999515 2258876 232129 162683 412828 125473 1001 88912 20159 42682 895073 0 0 0 0 0 0 0 0 24531 25980 15342819 5143721 10165674 10199098 0 0 0 0 0 0 0 0 0 313527 10609955 11867666 383640 581581 0 0 1633501 1900592 6444177 0 0 0 0 0 0 0 730000 9297167 110750 110750 9302068 11890090 X 1096132 -22424 211755 0 1307887 -22424 10609955 11867666 -1348554 18243 X false false false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61004 22 22 61004 61004 528 528 61004 61004 2539 2539 61004 61004 6283 6283 61004 61004 6490 6490 61004 1.00000 false false 453000 453000 14321544 4605191 9716353 568275 538530 29745 10199098 0 STUDENT BONDS PAYABLE 110750 110750 SCHEDULE D, PART V, LINE 4 TO ACCRUE INTEREST EARNINGS TO SUPPLEMENT EDUCATIONAL PROGRAMS. true true true true true true true false false false false false false false false false false true SCHEDULE E, PART I, LINE 3 WEBSITE, ENROLLMENT AND EMPLOYMENT APPLICATIONS, AND SOCIAL MEDIA. CCS FUND RAISIN false ANNUAL GALA 147875 127225 20650 56908 18436 36498 0 147875 127225 20650 56908 18436 36498 111842 -91192 true Financial Aid 35 1559269 Part I Description of Procedure for Monitoring Use of Funds The Board annually meets to decide the financial aid being awarded for the year. All amounts are reviewed and approved in the following manner: Families are required to register and provide earnings data to a third party financial evaluator. The financial aid committee reviews the information and makes a decision based upon need. This procedure is done annually by March. X X X X false false false false false false false false false David Egolf Head of school 271110 17305 9600 298015 Robert Fantauzzi CFO 189703 14279 203982 Mansi Vasa Director of DEI 129002 8585 7740 9600 154927 FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF BUSINESS AND FINANCE ALONG WITH THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAVE BEEN TASKED TO REVIEW THE FORM 990 AFTER COMPLETION BY INDEPENDENT TAX ACCOUNTANTS. ONCE THE COMMITTEE'S REVIEW IS COMPLETE, IT WILL BE PROVIDED TO THE FULL BOARD FOR REVIEW. IN THE EVENT THAT QUESTIONS ARISE DURING THE AUDIT COMMITTEE REVIEW OR BOARD REVIEW, AND THE DIRECTOR OF FINANCE IS UNABLE TO PROVIDE AN APPROPRIATE RESPONSE, THE TAX ACCOUNTANTS WILL BE REQUESTED TO PROVIDE FURTHER CLARIFICATION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. EACH YEAR EVERY MEMBER OF THE BOARD OF TRUSTEES, AS WELL AS OFFICERS OF THE ORGANIZATION CERTIFY THAT THEY HAVE READ THE POLICY AND AGREE TO BE BOUND BY ITS PROVISIONS. THE POLICY NOT ONLY CONTAINS DETAILED PROCEDURES FOR IDENTIFYING CONFLICT OF INTEREST AND RELATED PARTY TRANSACTIONS, BUT ALSO THE PROCESS BY WHICH THE BOARD REVIEWS AND POSSIBLY APPROVES SUCH TRANSACTIONS, AND THE STEPS TO BE TAKEN IF A PERSON SUBJECT TO THE POLICY FAILS TO COMPLY WITH IT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE HEAD OF SCHOOL'S COMPENSATION ANNUALLY BASED UPON THE CONTRACT REQUIREMENTS AND AN EXAMINATION OF DATA FROM COMPARABLE INSTITUTIONS TO DETERMINE REASONABLE COMPENSATION. THE PROCESS TO DETERMINE COMPENSATION OF KEY EMPLOYEES USES COMPARABLE DATA PROVIDED BY NAIS, THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE NAIS DATA MANAGEMENT ANNUAL COLLECTION PROCESS, KNOWN AS DASL, COLLECTS COMPARATIVE DATA FROM ALL OF THEIR MEMBER SCHOOLS IN THE FALL EACH YEAR. COMPARATIVE DATA CAN BE FILTERED TO SIMILAR SIZED SCHOOLS, GEOGRAPHY, GRADE RANGE, AND SPECIFIC AREAS OF NEW YORK CITY. DATA IS ACCESSED ONLINE AND DOWNLOADED TO EXCEL SHEETS FOR FURTHER COMPARISON AND REVIEW. THE DATA IS REVIEWED BY THE HEAD OF SCHOOL, WHO DETERMINES THE ANNUAL SALARIES FOR ALL KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST TO HEAD OF SCHOOL OR DIRECTOR OF BUSINESS.