2024-05-14T10:08:22-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2022-07-01 210688891 CHAPIN SCHOOL CHAP 6099242449 4101 PRINCETON PIKE PRINCETON NJ 08540 BILL ENNIST HEAD OF SCHOOL 6099242449 2024-05-14 1 BILL ENNIST 999009999 0 BRIDGET HARTNETT P01429163 9739949494 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BILL ENNIST 4101 PRINCETON PIKE PRINCETON NJ 08540 7631576 0 X WWW.CHAPINSCHOOL.ORG X 1951 NJ CHAPIN SHARES A COMMITMENT TO EACH CHILD'S ACADEMIC, EMOTIONAL, ETHICAL, CREATIVE, PHYSICAL, AND SOCIAL DEVELOPMENT. IN SMALL CLASSES THAT PROMOTE ACTIVE LEARNING, DEDICATED FACULTY CREATE ENVIRONMENTS WHERE CRITICAL THINKING, EFFECTIVE COMMUNICATION, CREATIVITY AND CURIOSITY FLOURISH. ENCOUNTERING CHALLENGES THAT LEAD TO SUCCESS, STUDENTS DEVELOP A POSITIVE SENSE OF SELF. A STRONG COMMITMENT TO CHAPIN'S FIVE VIRTUES (RESPECT, RESPONSIBILITY, HONESTY, KINDNESS, AND PERSEVERANCE) FOSTER AN ENVIRONMENT FOR CHARACTER DEVELOPMENT THAT COMPLEMENTS OUR RIGOROUS ACADEMIC PROGRAMS. 17 17 90 17 0 0 1107612 529734 6889460 6821235 314844 17386 100062 26009 8411978 7394364 1352282 1255900 0 0 4633344 4973524 0 0 219050 2545393 2996117 8531019 9225541 -119041 -1831177 19531579 17983689 9329698 9208610 10201881 8775079 X CHAPIN IS DEDICATED TO THE BELIEF THAT LIFELONG HABITS OF THE MIND AND HEART ARE FORMED IN THE ELEMENTARY AND MIDDLE SCHOOL YEARS. CHAPIN PROVIDES A RICHLY TEXTURED EDUCATION THAT INSPIRES ACADEMIC ACHIEVEMENT AND BUILDS STRENGTH OF CHARACTER. WITHIN A DIVERSE, CARING AND SUPPORTIVE COMMUNITY, WE PREPARE OUR STUDENTS TO MEET THE FUTURE WITH SKILL, CONFIDENCE, DETERMINATION AND GENEROSITY OF SPIRIT. 0 0 7429749 1255900 6821235 CHAPIN PROVIDES A RICHLY TEXTURED EDUCATION THAT INSPIRES ACADEMIC ACHIEVEMENT AND BUILDS STRENGTH OF CHARACTER. WITHIN A DIVERSE, CARING AND SUPPORTIVE COMMUNITY, WE PREPARE OUR STUDENTS TO MEET THE FUTURE WITH SKILL, CONFIDENCE, DETERMINATION AND GENEROSITY OF SPIRIT. THROUGH A STEAM CROSS-DISCIPLINARY CURRICULUM, ENRICHED MATH AND LANGUAGE ARTS, AND DISCUSSION BASED CLASSES; CHAPIN SHARES A COMMITMENT TO EACH CHILD'S ACADEMIC, EMOTIONAL, ETHICAL, CREATIVE, PHYSICAL, AND SOCIAL DEVELOPMENT -- FROM EXPLORERS THROUGH GRADE 8. 7429749 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 90 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X THE ORGANIZATION 6099242449 4101 PRINCETON PIKE PRINCETON NJ 08540 CHRISTIANA FOGLIO TRUSTEE EMERITUS 2.00 X 0 0 0 PHIROZE RAO CHARTER TRUSTEE 4.00 X 0 0 0 WILLIAM SQUIRES TREASURER 4.00 X X 0 0 0 CHETAN BHARGIRI TRUSTEE 2.00 X 0 0 0 ANDREA ALFIERI PA PRESIDENT 4.00 X 0 0 0 MICHELLE BAJWA VICE PRESIDENT 2.00 X X 0 0 0 RAY CABOT TRUSTEE 2.00 X 0 0 0 NORA ELDESSOUKY TRUSTEE 2.00 X 0 0 0 GEORGE MCCLELLAN PRESIDENT, CHARTER TRUSTEE 4.00 X X 0 0 0 TED GOLFINOPOULOS TRUSTEE 2.00 X 0 0 0 MARYANNE QUINN SECRETARY, CHARTER TRUSTEE 4.00 X X 0 0 0 JOY IRIZARRY TRUSTEE 2.00 X 0 0 0 GURRAJ SANGHA TRUSTEE 2.00 X 0 0 0 DR MICHAEL KALINA TRUSTEE 2.00 X 0 0 0 JODI DESAI TRUSTEE 2.00 X 0 0 0 THEO CHENG TRUSTEE 2.00 X 0 0 0 JAMES WALTERS TRUSTEE 2.00 X 0 0 0 STACEY SHAH TRUSTEE 2.00 X 0 0 0 PETER WILBY TRUSTEE EMERITUS 2.00 X 0 0 0 BARBARA PASTERIS HEAD OF SCHOOL THROUGH 6/30/23 50.00 X 199979 0 24203 MARK LEDERER DIRECTOR OF TECHNOLOGY & C 45.00 X 125727 0 21022 MYTHILI LAHIRI ASSISTANT HEAD OF SCHOOL 45.00 X 140039 0 3831 MINNIE DESHPANDE DIRECTOR OF FINANCE THROUGH 11/30/22 45.00 X 103500 0 7902 569245 0 56958 4 0 1 0 0 529734 529734 TUITION 611110 6707605 6707605 OTHER PROGRAMS 611110 49473 49473 AFTER SCHOOL PROGRAM 611110 41636 41636 CLUBS 611110 17148 17148 LUNCH PROGRAM 611110 5373 5373 6821235 141701 141701 30691 0 30691 30691 30691 100000 224315 -124315 -124315 -124315 4460 12897 -8437 -8437 MISCELLANEOUS 900099 3755 3755 3755 7394364 6821235 0 43395 1255900 1255900 239565 201532 30748 7285 3834921 3244194 492164 98563 177980 142374 22861 12745 416956 333541 53556 29859 304102 243264 39061 21777 1114 1114 30624 30624 15929 15929 339587 339587 94650 94650 5994 1128 4640 226 125892 101129 23956 807 156743 148906 7837 211476 211476 967630 778578 189052 72323 2878 69445 REPAIRS & MAINTENANCE 363870 291096 72774 TUITION REMISSION 224872 224872 INSTRUCTIONAL 119088 119088 AUXILIARY 108720 3512 105208 157605 31631 78186 47788 9225541 7429749 1576742 219050 1175017 1106779 436421 115730 354575 362076 16409 188721 5352 25146 28803151 14968008 14681185 13835143 2713189 2350094 149431 19531579 17983689 493262 696164 2003407 1701089 6576626 6301297 256403 510060 9329698 9208610 X 7863109 3331979 2338772 5443100 10201881 8775079 19531579 17983689 X -1831177 262257 142118 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2282394 2282394 2259319 27906 4831 2282394 1710455 527539 120137 98812 2259319 3004431 33508 1327484 1710455 3585363 15117 72588 668637 3004431 0 0 2069196 2069196 22378543 10656465 11722078 692047 692047 0 3544362 3544362 0 119003 75134 43869 13835143 CAPITAL LEASE OBLIGATIONS 17394 LINE OF CREDIT, NET OF CLOSING COSTS 253816 INTEREST RATE SWAP LIABILITY 238850 510060 X 6397689 246328 12897 259225 6138464 1255900 1255900 7394364 7968796 15084 15084 7953712 1271829 1271829 9225541 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO FURTHER THE MISSION AND PROGRAMS OF THE ORGANIZATION IN ACCORDANCE WITH DONOR RESTRICTIONS. PART X, LINE 2: THE SCHOOL FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING 2023. AT JUNE 30, 2023, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 12,897. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,255,900. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 12,897. BAD DEBT 2,187. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,255,900. INVESTMENT FEES 15,929. 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, THE ORGANIZATION HAS PUBLICIZED ITS POLICY THROUGH AN OUTSIDE ORGANIZATION, THE NJAIS, THAT HANDLES THE BROADCAST. 1 FINANCIAL AID TO STUDENTS 75 1255900 FMV FINANCIAL AID TO STUDENTS PART I, LINE 2: GRANTS ARE REDUCTIONS OF TUITION OWED TO THE SCHOOL BY STUDENTS. NO FUNDS ARE RELEASED. NEED BASED SCHOLARSHIPS ARE CREDITED TO INDIVIDUAL STUDENT ACCOUNTS,REDUCING THE AMOUNT DUE. RECIPIENTS ARE REQUIRED TO FILE A FINANCIAL STATEMENT WITH AN INDEPENDENT AGENCY WHO EVALUATES THE STATEMENT AND MAKES A RECOMMENDATION TO THE SCHOOL OF THE AMOUNT OF SCHOLARSHIP THE APPLICANT SHOULD RECEIVE. THE SCHOOL CONSIDERS THE RECOMMENDATION TOGETHER WITH THE TOTAL FUNDS AVAILABLE FOR SCHOLARSHIPS AND MAKES AWARDS ACCORDINGLY BASED UPON THE NEED OF THE STUDENT AND THE AVAILABILITY OF FUNDS. X X 0 0 0 0 0 0 0 0 0 BARBARA PASTERIS HEAD OF SCHOOL THROUGH 6/30/23 199979 0 0 0 0 0 13975 0 10228 0 224182 0 0 0 A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 2016-02-19 8200000 REFINANCE EXISTING LOAN FOR SCHOOL ADDITION 0 0 0 A 8200000 115520 8084750 2015 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 A 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE SCHOOL, WHO ARE PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED AT THE SCHOOL, ARE INVITED TO ATTEND ANNUAL MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES REVIEWS THE SCHOOL'S AUDITED FINANCIAL STATEMENTS AND FORM 990. THE REVIEW IS ASSIGNED BY THE BOARD OF TRUSTEES TO THE BOARD'S FINANCE COMMITTEE, WHICH APPROVES THE FINANCIAL STATEMENTS AND THE FORM 990 UPON SUCCESSFUL COMPLETION. THE FULL BOARD RECEIVES COPIES OF FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE TRUSTEES REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN THE CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES THE HEAD OF SCHOOL'S COMPENSATION, WHO ESTABLISHES AN ACCEPTABLE COMPENSATION RANGE FOR THE OFFICERS BASED UPON INFORMATION OBTAINED FROM COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT -2,187. MISCELLANEOUS ADJUSTMENT 144,305. FORM 990, PART XII, LINE 2C, OVERSIGHT OF AUDIT NO CHANGE IN ITS OVERSIGHT PROCESS OR SELECTION PROCESS FROM THE PRIOR YEAR.