2024-05-13T22:13:39-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 131740484 RYE COUNTRY DAY SCHOOL RYEC 9149671417 POST ROAD AND CEDAR STREET RYE NY 10580 PAMELA GOLDMAN ASST HEAD OF FINANCE & OPS 9149671417 2024-05-13 1 PAMELA GOLDMAN 999009999 1 MELISSA MODELSON P01603524 9143818900 2024-05-13 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z RANDALL DUNN POST ROAD AND CEDAR STREET RYE NY 10580 66339772 0 X WWW.RYECOUNTRYDAY.ORG X 1922 NY TO OPERATE A COEDUCATIONAL COLLEGE PREP SCHOOL DEDICATED TO PROVIDING STUDENTS FROM PRE-K THROUGH GRADE 12 WITH A CHALLENGING PROGRAM USING TRADITIONAL AND INNOVATIVE APPROACH. 26 26 345 71 0 0 6451785 5314291 45839655 49273354 3217057 1069911 852890 401206 56361387 56058762 6053978 6505497 0 0 30512021 32887891 0 0 1683205 14645864 15538285 51211863 54931673 5149524 1127089 163344135 170865309 14508445 16254871 148835690 154610438 X RYE COUNTRY DAY SCHOOL IS A COEDUCATIONAL, COLLEGE PREPARATORY SCHOOL DEDICATED TO PROVIDING STUDENTS FROM PRE-KINDERGARTEN THROUGH GRADE 12 WITH AN EXCELLENT EDUCATION USING BOTH TRADITIONAL AND INNOVATIVE APPROACHES. IN A NURTURING AND SUPPORTIVE ENVIRONMENT, WE OFFER A CHALLENGING PROGRAM THAT STIMULATES INDIVIDUALS TO ACHIEVE THEIR MAXIMUM POTENTIAL THROUGH ACADEMIC, ATHLETIC, CREATIVE, AND SOCIAL ENDEAVORS. WE ARE ACTIVELY COMMITTED TO DIVERSITY. WE EXPECT AND PROMOTE MORAL RESPONSIBILITY AND STRIVE TO DEVELOP STRENGTH OF CHARACTER WITHIN A RESPECTFUL SCHOOL COMMUNITY. OUR GOAL IS TO FOSTER A LIFELONG PASSION FOR LEARNING, UNDERSTANDING, AND SERVICE IN AN EVER-CHANGING WORLD. 0 0 44591363 6505497 49298952 RYE COUNTRY DAY SCHOOL IS A HIGHLY COMPETITIVE COLLEGE PREPARATORY SCHOOL WHERE STUDENTS CONTINUE TO ACHIEVE OUTSTANDING RESULTS ON ADVANCED PLACEMENT EXAMS, AS WELL AS THE SAT'S AND ACT'S. THE ACADEMIC EXCELLENCE, IN TURN SUPPORTS A VERY SUCCESSFUL MATRICULATION RATE AT MANY OF THE NATION'S TOP COLLEGES AND UNIVERSITIES. RYE COUNTRY DAY SCHOOL HAS CONTINUED TO ENJOY A HEALTHY FINANCIAL POSITION AS A RESULT OF STRONG ADMISSIONS DEMAND FULL ENROLLMENT, PRUDENT FINANCIAL MANAGEMENT AND GENEROUS FUNDRAISING SUPPORT. THE HEALTHY FINANCIAL POSITION HAS ENABLED THE SCHOOL TO MAINTAIN ITS EXTENSIVE NEED-BASED FINANCIAL AID PROGRAM THAT PROVIDES $6,505,497 TO 150 STUDENTS THROUGHOUT THE SCHOOL. THE SCHOOL HAS DEVELOPED A COMPREHENSIVE SCHOOL-WIDE DIVERSITY PLAN THAT IDENTIFIES INITIATIVES RELATED TO STUDENTS RECRUITMENT AND SUPPORT, PARENTS SUPPORT, SCHOOL LEADERSHIP, CURRICULUM FACULTY RECRUITMENT AND SUPPORT, PROFESSIONAL DEVELOPMENT AND COMMUNITY BUILDING. THERE CONTINUES TO BE SIGNIFICANT PROGRESS IN EACH AREA AS THE SCHOOL COMPLETES THE TENTH YEAR OF THE DIVERSITY PLAN. 44591363 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 236 0 345 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X PAM MACAFFER 9149671417 POST ROAD AND CEDAR STREET RYE NY 10580 LEIGH GELLER CHAIR 4.00 X X 0 0 0 ELIZABETH SHAH-HOSSEINI VICE CHAIR 4.00 X X 0 0 0 FERNANDO RIVAS TREASURER 4.00 X X 0 0 0 BLANCA HIRANI SECRETARY 1.00 X X 0 0 0 REBECCA BROWN TRUSTEE 1.00 X 0 0 0 THOMAS DAVIDSON TRUSTEE 1.00 X 0 0 0 TYLER DICKSON TRUSTEE 1.00 X 0 0 0 SARAH DODDS-BROWN TRUSTEE 1.00 X 0 0 0 AMY FISCH TRUSTEE 1.00 X 0 0 0 ERIC GEVEDA TRUSTEE 1.00 X 0 0 0 ALISON HINDS-PEARL TRUSTEE 1.00 X 0 0 0 ANDREW ADAMS TRUSTEE 1.00 X 0 0 0 JENNIFER BLAKE TRUSTEE 1.00 X 0 0 0 JEN KHERANI TRUSTEE 1.00 X 0 0 0 DAVID KURD TRUSTEE 1.00 X 0 0 0 MIKE LAZAR TRUSTEE 1.00 X 0 0 0 TINA MATHIAS TRUSTEE 1.00 X 0 0 0 BLAIR METRAILLER TRUSTEE 1.00 X 0 0 0 BEN MOSS TRUSTEE 1.00 X 0 0 0 PATTY PEREZ TRUSTEE 1.00 X 0 0 0 ROSA PERKINS TRUSTEE 1.00 X 0 0 0 JEFF TALPINS TRUSTEE 1.00 X 0 0 0 SUSH TORGALKAR TRUSTEE 1.00 X 0 0 0 ANDREW WALLACH TRUSTEE 1.00 X 0 0 0 SCOTT WEISS TRUSTEE / ALUMNI REP 1.00 X 0 0 0 JINGHUA YAN TRUSTEE 1.00 X 0 0 0 DUNN RANDALL HEAD OF SCHOOL 40.00 X 416258 0 108459 PAMELA GOLDMAN ASST HEAD OF FINANCE & OPERATIONS 40.00 X 320230 0 79555 MEREDITH DECHABERT ASST HEAD OF SCHOOL FOR ACADEMICS 40.00 X 294785 0 166319 LYNETTE GIOFFRE DIRECTOR OF ADVANCEMENT 40.00 X 244410 0 107937 WENDY HAFT DIRECTOR OF ATHLETICS 40.00 X 232980 0 53796 JEFF BATES DIRECTOR OF COLLEGE COUNSELING 40.00 X 231082 0 12737 STACEY SOTIRHOS LOWER SCHOOL PRINCIPAL 40.00 X 219292 0 41216 ANDREW GILLES DIRECTOR OF TECHNOLOGY 40.00 X 213706 0 55169 SCOTT NELSON FORMER HEAD OF SCHOOL 0.00 X 524412 0 104088 2697155 0 729276 99 1 1 0 FLIK INTERNATIONAL SCHOOL DINING PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 1390640 SODEX PO BOX 360170 PITTSBURGH PA 15251 CLEANING SERVICE 1181901 LIGHTHOUSE HOME IMPROVEMENT 58 HOBBY DRIVE RIDGEFIELD CT 06877 CONSTRUCTION SERVICE 386302 COUNTY COACH 30 NURSERY LANE RYE NY 10580 BUS SERVICE 263827 SCHULTE ROTH & ZABEL LLP 919 3RD AVE NEW YORK NY 10022 LEGAL SERVICES 193840 8 732556 4581735 446417 5314291 TUITION INCOME 611110 44827950 44827950 AUXILIARY SERVICES 611110 1496191 1496191 EDUCATION SCHOOL TRIP PROGRAMS 611110 1297590 1297590 LUNCH PROGRAM 611110 1146054 1146054 AFTERSCHOOL PROGRAM 611110 285639 285639 219930 219930 49273354 2398370 2398370 513155 403080 110075 110075 110075 8435342 9763801 -1328459 -1328459 -1328459 139727 114129 25598 25598 MISCELLANEOUS REVENUE 900099 183783 183783 INSTALLMENT CHARGES 900099 81750 81750 265533 56058762 49298952 0 1445519 6505497 6505497 1141272 1120806 20466 83065 83065 25139480 20684058 3568888 886534 1400778 1254915 115358 30505 3193117 2813214 311717 68186 1930179 1672869 216349 40961 389589 165578 224011 91717 91717 162458 162458 1252543 627638 624905 228258 59527 167363 1368 926382 211580 384163 330639 409830 289997 99776 20057 1423127 874066 496951 52110 1700234 1659238 40621 375 141741 73019 23722 45000 3384008 3078539 302992 2477 419153 109506 307136 2511 STUDENT ACTIVITIES 1754068 1754068 CAFETERIA AND FOOD 1366544 1157608 129634 79302 REPAIRS AND MAINTENANCE 1283041 1114137 167534 1370 OTHER EXPENSES 442294 255283 85667 101344 163298 147961 15337 54931673 44591363 8657105 1683205 12378939 10017293 2288697 4427879 428898 2329 400955 377589 366123 335359 891508 340651 125888024 53776516 68527490 72111508 70058097 71935605 8001204 11095266 2224 221830 163344135 170865309 3126305 3663860 9364254 10284351 2017886 2306660 14508445 16254871 X 96662127 113599589 52173563 41010849 148835690 154610438 163344135 170865309 X 1127089 5280066 -632407 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70804879 738036 6075579 2360984 162457 75095053 73937858 2222199 -8134537 2573513 65452007 66730829 282056 9024478 2099505 73937858 61488320 6281231 1110782 2149504 66730829 56407582 4425203 2663165 2007630 61488320 0.28100 0.23500 0.48400 0 0 15290204 15290204 97380968 42701018 54679950 12525017 11075498 1449519 691835 691835 72111508 ALTERNATIVE INVESTMENTS 8788606 F INVESTMENTS - DEFERRED COMPENSATION 2306660 F 11095266 DEFERRED COMPENSATION PAYABLE 2306660 2306660 X 55029883 5280066 403080 5683146 49346737 162458 6549567 6712025 56058762 49255135 1035487 1035487 48219648 162458 6549567 6712025 54931673 PART V, LINE 4: THE SCHOOLS DONOR-RESTRICTED ENDOWMENT FUNDS ARE USED TO SUPPORT VARIOUS PROGRAMS OF THE SCHOOL AND THE BOARD-DESIGNATED FUND IS USED FOR CAPITAL RESERVES. IN FY23 DURING ITS FINANCIAL STATEMENT AUDIT THE SCHOOL RESTATED ITS OPENING BALANCE AS OF JULY 1, 2022. PART X, LINE 2: THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE REPORTED ON PART VIII, LINE 6B 403,080. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF FINANCIAL AID EXPENSES TO PART IX, LINE 2 6,505,497. RECLASS OF SPECIAL EVENT EXPENSES TO PART IX 44,070. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF POST-RETIREMENT BENEFITS TO PART XI 195,465. RENTAL EXPENSE REPORTED ON PART VIII, LINE 6B 403,080. RECLASS OF WRITE OFF OF UNCOLLECTIBLE PLEDGES TO PART XII 436,942. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF FINANCIAL AID EXPENSES TO PART IX, LINE 2 6,505,497. RECLASS OF SPECIAL EVENT EXPENSES TO PART IX 44,070. 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 NOTICE OF OUR POLICY ON NON-DISCRIMINATION IS ANNUALLY PUBLISHED IN A NEWSPAPER OF GENERAL CIRCULATION WITHIN OUR GEOGRAPHIC REGION. IN ADDITION, THE POLICY IS PRINTED IN OUR EDUCATIONAL MATERIALS AND ON OUR WEBSITE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED STATE AID FROM NEW YORK STATE MANDATED SERVICES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 8122136 EUROPE 0 0 INVESTMENTS 666470 0 0 0 0 0 0 8788606 0 8788606 1 0 1 0 1 0 PART III ACCOUNTING METHOD: PART IV, LINE 1, LINE 3 AND LINE 5: THE ORGANIZATION IS NOT REQUIRED TO FILE FORMS 5471, 8865 AND 926 BECAUSE IT DOES NOT MEET THE APPLICABLE THRESHOLD FOR OWNERSHIP OR OTHER FILING REQUIREMENTS. 1 FINANCIAL AID 150 6505497 PART I, LINE 2: EACH YEAR FAMILIES CAN APPLY FOR FINANCIAL AID. RCDS USES A THIRD PARTY SYSTEM AS AN INDEPENDENT FIRM TO ASSESS EACH FILE, WHICH THEN MAKES A RECOMMENDED FAMILY CONTRIBUTION. FAMILIES MUST REAPPLY EACH YEAR SO THAT CURRENT FINANCIAL AND FAMILY CIRCUMSTANCES ARE EVALUATED IN REAL TIME. ONCE THE FILE HAS BEEN ASSESSED SCHOOL PERSONNEL REVIEW THE FILE AND NOTE ANY ITEMS THAT SHOULD BE TAKEN INTO CONSIDERATION FOR THE DECISION FOR AID. A COMMITTEE THEN REVIEWS ALL REQUESTS AND DETERMINES WHAT THE SCHOOL CAN GRANT. THROUGHOUT THE YEAR FAMILIES MAY ACCESS FINANCIAL AID DOLLARS FOR SPECIFIC ITEMS SUCH AS TUTORING, CLUBS, BOOKS, TRIPS, ETC. EACH OF THESE REQUESTS ARE MONITORED BY SCHOOL PERSONNEL, SO THAT THEY ARE CONSISTENT WITH SCHOOL POLICY. X X 1 0 X X X X 1 1 0 0 0 0 0 1 0 SCOTT NELSON FORMER HEAD OF SCHOOL 402959 0 0 0 121453 0 18300 0 85788 0 628500 0 0 0 DUNN RANDALL HEAD OF SCHOOL 366304 0 0 0 49954 0 6705 0 101754 0 524717 0 0 0 MEREDITH DECHABERT ASST HEAD OF SCHOOL FOR ACADEMICS 269564 0 25000 0 221 0 106637 0 59682 0 461104 0 0 0 PAMELA GOLDMAN ASST HEAD OF FINANCE & OPERATIONS 319585 0 0 0 645 0 18300 0 61255 0 399785 0 0 0 LYNETTE GIOFFRE DIRECTOR OF ADVANCEMENT 244260 0 0 0 150 0 65806 0 42131 0 352347 0 0 0 WENDY HAFT DIRECTOR OF ATHLETICS 169082 0 0 0 63898 0 11002 0 42794 0 286776 0 0 0 ANDREW GILLES DIRECTOR OF TECHNOLOGY 213481 0 0 0 225 0 12595 0 42574 0 268875 0 0 0 STACEY SOTIRHOS LOWER SCHOOL PRINCIPAL 218947 0 0 0 345 0 17638 0 23578 0 260508 0 0 0 JEFF BATES DIRECTOR OF COLLEGE COUNSELING 183040 0 0 0 48042 0 11191 0 1546 0 243819 0 0 0 PART I, LINE 1A AS A CONDITION OF THEIR EMPLOYMENT, IN ORDER TO FULFILL THE CONTRACTUAL OBLIGATIONS OF THEIR EMPLOYMENT, RANDALL DUNN, PAMELA GOLDMAN AND MEREDITH DECHABERT IS PROVIDED WITH HOUSING BY THE ORGANIZATION. THE VALUE OF THE HOUSING PROVIDED IN CALENDAR YEAR 2022 WAS $71,084, $23,042, AND $41,169, RESPECTIVELY, WHICH IS REPORTED AS A NON-TAXABLE BENEFIT. WENDY HAFT AND JEFF BATES ALSO RECEIVED HOUSING ALLOWANCES IN THE AMOUNT OF $63,253 AND $47,891, WHICH WAS TAXABLE AND INCLUDED IN THEIR FORM W-2. PART I, LINES 4A-B SCOTT NELSON RECEIVED SEVERANCE PAYMENT DURING THE 2022 CALENDAR YEAR FOR $100,000 INCLUDED IN HIS W-2. MEREDITH DECHABERT AND LYNETTE GIOFFRE PARTICIPATED IN SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN DURING THE YEAR. THE SCHOOL CONTRIBUTED $70,000 AND $30,000 DURING CALENDAR YEAR 2022 TO THESE INDIVIDUALS. PART I, LINE 7 INDIVIDUALS RECEIVED TAXABLE DISCRETIONARY BONUSES INCLUDED IN THEIR 2022 W-2S. JULIA MCCRORY DAUGHTER OF FORMER HEAD OF SCHOOL 83065 EMPLOYMENT 0 X 33 446417 AVG. SALES PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THIS CORPORATION SHALL CONSIST OF THE PARENTS (INCLUDING FATHER, MOTHER AND OR LEGAL GUARDIAN) OF EACH PUPIL IN ACTUAL ATTENDANCE AT THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A EACH PARENT OF A STUDENT HAS A VOTE THAT CAN BE UTILIZED TO VOTE EITHER FOR OR AGAINST THE SLATE OF PROPOSED TRUSTEES IN A PROXY STATEMENT. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS HAVE RIGHTS TO REMOVE BOARD MEMBERS, AND APPROVE AMENDMENTS TO THE GOVERNING DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 11B RYE COUNTRY DAY SCHOOL HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. THE AUDIT COMMITTEE REVIEWED THE FORM 990 AND REPORTED TO THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES FOR REVIEW. ALL TRUSTEES HAD THE OPPORTUNITY TO REQUEST CHANGES TO THE CPA FIRM THAT PREPARED THE FORM, AND RECEIVED A FINAL VERSION WITH SCHEDULE B REDACTED BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER, OFFICER AND KEY EMPLOYEE SHALL DISCLOSE TO THE PRESIDENT IF HE OR SHE IS AFFILIATED WITH ANY VENDOR OF GOODS OR SERVICES TO THE SCHOOL. NO MEMBER OF THE BOARD WHO IS A VENDOR OF GOODS OR SERVICES TO THE SCHOOL OR IS AFFILIATED WITH ANY VENDOR OF GOODS OR SERVICES TO THE SCHOOL SHALL VOTE ON, OR PARTICIPATE ON BEHALF OF THE SCHOOL IN THE ADMINISTRATION OF, ANY CONTRACT WITH SUCH VENDOR. SUCH MEMBER SHALL LEAVE ANY MEETING OF THE BOARD DURING THE TIME THE BOARD (OR ANY COMMITTEE THEREOF) IS DISCUSSING ANY ARRANGEMENT WITH SUCH A VENDOR. BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES SHALL ANNUALLY REAFFIRM THEIR AGREEMENT TO COMPLY WITH THE POLICY AND SHALL AT THAT TIME ADVISE THE PRESIDENT OF ANY AFFILIATION WITH ANY EXISTING OR PROPOSED VENDOR OF GOODS OR SERVICES IF SUCH AFFILIATION HAS NOT PREVIOUSLY BEEN DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15 COMPARATIVE DATA (FOR A 3-5 YEAR PERIOD) FROM A NUMBER OF SOURCES IS PULLED TO COMPARE THE HEAD OF SCHOOL'S SALARY. THESE SOURCES INCLUDE BUT ARE NOT LIMITED TO: 990 INFORMATION FROM GEOGRAPHICALLY APPROPRIATE INDIVIDUAL SCHOOLS, BENCHMARK GROUPS (FAIRCHESTER AND INDEX), NAIS AND NYSAIS. THIS DATA IS SHARED WITH THE COMPENSATION COMMITTEE, WHO THEN DETERMINES THE TOTAL COMPENSATION PACKAGE. IN 2022 RCDS HIRED A NEW HEAD OF SCHOOL UNDER A 3-YEAR CONTRACT. THE BOARD OF DIRECTORS USES COMPARABLE DATA TO DETERMINE COMPENSATION FOR THE OFFICERS AND KEY EMPLOYEES. THIS PROCESS IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: POST-RETIREMENT BENEFIT -195,465. WRITE OFF OF UNCOLLECTIBLE PLEDGES -436,942. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.