2024-05-14T18:28:38-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 131623878 ALLEN-STEVENSON SCHOOL ALLE 2122886710 132 EAST 78TH STREET NEW YORK NY 10075 DUNCAN LYON HEAD OF SCHOOL 2122886710 2024-05-14 1 DUNCAN LYON XXX-XX-XXXX 1 MELISSA MODELSON P01603524 9143818900 2024-05-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DUNCAN LYON 132 EAST 78TH STREET NEW YORK NY 10075 37354289 0 X WWW.ALLEN-STEVENSON.ORG X 1904 NY TO PROVIDE CONTINUOUS EDUCATION FOR BOYS FROM KINDERGARTEN THROUGH 8TH GRADE. 24 20 232 223 0 0 10804583 9441029 23843121 24896660 672246 428035 448615 383616 35768565 35149340 2712537 2982085 0 0 18554442 19176256 0 0 1609848 9744881 9793399 31011860 31951740 4756705 3197600 140364026 140690800 40002427 35830990 100361599 104859810 X ALLEN-STEVENSON'S DISTINCTIVE "ENLIGHTENED TRADITIONAL" APPROACH EDUCATES BOYS TO BECOME SCHOLARS AND GENTLEMEN. IN THE BELIEF THAT THERE ARE MANY WAYS TO BE A BOY, THE SCHOOL OFFERS AN ONGOING COMMITMENT TO EACH STUDENT AND USES THE BEST INSIGHTS AND TOOLS AVAILABLE TO UNDERSTAND HIM AS A WHOLE PERSON. WE INSPIRE IN EACH BOY AN APPRECIATION OF RESPONSIBLE CITIZENSHIP AND A LIFELONG LOVE OF LEARNING. 0 0 19801087 2648525 22585230 3 A'S:ALLEN-STEVENSON'S VIGOROUS PROGRAM OF ACADEMICS, ATHLETICS AND THE ARTS ("THE 3 A'S") TEACHES BOYS TO VALUE THE GRATIFYING PROCESS BY WHICH EXCELLENCE IS ATTAINED. WE CHALLENGE OUR STUDENTS TO TAKE SUITABLE RISKS, LEARN FROM THEIR MISTAKES, AND SUPPORT EACH OTHER. THE SCHOOL PROVIDED THIS PROGRAM TO 389 BOYS IN 2022 FROM KINDERGARTEN TO 8TH GRADE, WITH 132 FACULTY AND STAFF. 924463 236237 1235442 AFTER SCHOOL PROGRAM (ALLIGATOR SOUP):ALLEN-STEVENSON OFFERS A WONDERFULLY DIVERSE AND ENGAGING AFTER SCHOOL PROGRAM FOR KINDERGARTEN THROUGH FOURTH GRADE. IN ADDITION, THERE IS A MIDDLE SCHOOL PROGRAM FOR BOYS IN FIFTH AND SIXTH GRADES. 543033 97323 607900 INSTRUMENTAL MUSIC PROGRAM:ALLEN-STEVENSON OFFERS A MUSIC PROGRAM THAT PROVIDES MUSIC ENRICHMENT FOR APPROXIMATELY 185 INSTRUMENTAL STUDENTS, WITH A STAFF OF 12 INSTRUMENTAL INSTRUCTORS. 3018458 0 484379 OTHER PROGRAMS:ALLEN-STEVENSON PROVIDES NUMEROUS OTHER PROGRAMS, WHICH SUPPORT AND ENHANCE THE ALLEN-STEVENSON EXPERIENCE AND COMMUNITY, AND INCLUDE BUT ARE NOT LIMITED TO: A SUMMER CAMP, YEARBOOK, DRAMA/MUSICAL, BIRTHDAY PARTIES, ETC. 3018458 0 484379 24287041 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 247 0 232 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X HYDEE BRESSLER BASSEL CFOO 2122886710 132 EAST 78TH STREET NEW YORK NY 10075 DUNCAN LYON HEAD OF SCHOOL 50.00 X X 329464 0 117942 METIN NEGRIN PRESIDENT 5.00 X X 0 0 0 RONALD S ROLFE PRESIDENT EMERITUS 3.00 X X 0 0 0 ALEXANDER KLABIN VP & TREASURER 3.00 X X 0 0 0 KERRY-ANN EVANS-THOMPSON TRUSTEE 1.00 X 0 0 0 KERIANNE FLYNN TRUSTEE 1.00 X 0 0 0 ARYN GROSSMAN TRUSTEE 1.00 X 0 0 0 ALEXIS HUNTER TRUSTEE 1.00 X 0 0 0 LAUREN IRWIN TRUSTEE 1.00 X 0 0 0 CHRIS JONES TRUSTEE 1.00 X 0 0 0 A REED KATZ TRUSTEE 1.00 X 0 0 0 MONICA KEANY TRUSTEE 1.00 X 0 0 0 BLAIR KLAFF TRUSTEE 1.00 X 0 0 0 CAMERON ALEX KOFFMAN TRUSTEE 1.00 X 0 0 0 RASHIDA LA LANDE TRUSTEE 3.00 X 0 0 0 COLM MACMAHON TRUSTEE 1.00 X 0 0 0 HEATHER MCAULIFFE TRUSTEE 1.00 X 0 0 0 AMY PECK TRUSTEE 1.00 X 0 0 0 ANUPAMA POOLE TRUSTEE 1.00 X 0 0 0 AUDREY RASCH TRUSTEE 1.00 X 0 0 0 IAN SCHRAGER TRUSTEE 1.00 X 0 0 0 MICHAEL SCHRIEBER TRUSTEE 1.00 X 0 0 0 TOM UGER TRUSTEE 1.00 X 0 0 0 JAY WILKINS TRUSTEE THROUGH FEB 2023 1.00 X 0 0 0 ANDY WILLIS TRUSTEE 1.00 X 0 0 0 HYDEE BRESSLER BASSEL CHIEF FINANCIAL & OPERATING OFFICER 50.00 X 349874 0 79978 STEPHEN M WARNER HEAD OF LOWER DIVISION 40.00 X 242674 0 58576 KATHERINE DUCKWORTH-SCHACHTER DIRECTOR OF DEVELOPMENT 40.00 X 208567 0 72671 WINIFRED BARNES DIR., ORGANIZATIONAL INITIATIVES 40.00 X 229822 0 40959 ANDREW C ZEVON DIRECTOR OF TECHNOLOGY 40.00 X 229953 0 24047 STEVEN COHEN HEAD OF UPPER DIVISION 40.00 X 190283 0 29681 SARAH WOODS DIRECTOR OF COMMUNICATIONS 40.00 X 196312 0 15746 DEVIN A LASANE DIRECTOR OF ADMISSIONS 40.00 X 160579 0 34235 RICHARD ALIFANO DIR., ATHLETICS/PE EDUCATION 40.00 X 209558 0 44465 GREG KNESPLER FACILITIES MANAGER 40.00 X 211832 0 17240 WILLIAM L DRANSFIELD DIRECTOR OF AUXILLIARY PROGRAMS 40.00 X 161763 0 67996 JACK COOLEY SCIENCE DEPARTMENT CHAIR 40.00 X 154145 0 66405 MICHELE V DEMKO MUSIC DEPARTMENT HEAD 40.00 X 188085 0 18608 DAVID R TROWER FORMER HEAD OF SCHOOL 0.00 X 544318 0 100675 3607229 0 789224 52 1 1 0 PAV-LAK CONTRACTING INC 515 GREENWICH STREET NEW YORK NY 10013 CONTRACTOR SERVICES 4240115 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICE 842584 PARENTE DEVELOPMENT LLC 51 W 81ST STREET APT 9D NEW YORK NY 10024 CONTRACTOR SERVICES 223888 KLIMENT HALSBAND ARCHITECTS LLP 115 5TH AVENUE 3RD FLOOR NEW YORK NY 10003 ARCHITECTURE SERVICES 153307 CARNEY SANDOE & ASSOCIATES INC 200 HIGH STREET BOSTON MA 02110 EMPLOYEE SEARCH SERVICES 146333 13 71650 187814 9181565 504132 9441029 TUITION AND FEES 611710 22585230 22585230 AUXILIARY PROGRAMS 611710 1567114 1567114 MUSIC LESSONS 611710 607900 607900 ADMISSIONS AND FEES 611710 136416 136416 24896660 1000671 1000671 269093 0 269093 269093 269093 1340066 9509 1922211 0 -582145 9509 -572636 -572636 262554 71650 219367 43187 43187 79662 63371 16291 16291 OTHER REVENUE 900099 34566 34566 REFUNDS & REBATES 900099 17355 17355 INSURANCE SETTLEMENTS 900099 3000 3000 124 124 55045 35149340 24912951 0 795360 2982085 2982085 3239239 998301 1780045 460893 12485452 10130678 1930385 424389 919462 768659 124038 26765 1415596 1161794 216936 36866 1116507 807492 250373 58642 100308 100308 54550 54550 35000 35000 42231 35306 6925 513206 50673 316355 146178 383370 13031 368979 1360 457029 382551 64548 9930 8101 1281 1926 4894 922137 758039 92994 71104 3986027 3346431 319798 319798 382165 267515 99363 15287 STUDENT SERVICES 925263 925263 AUXILIARY PROGRAM 852298 800187 52111 INSTRUCTIONAL EXPENSES 331518 331380 138 REPAIRS AND MAINTENANCE 282966 237692 22637 22637 517230 288683 217442 11105 31951740 24287041 6054851 1609848 2591744 1389345 15087321 12655024 1777014 751301 2128376 1134089 33082 30343 234931 125667 128588805 26944894 102390535 101643911 15856133 22731640 33029 23423 231861 206057 140364026 140690800 5866706 3246286 7585087 7251063 26400694 25283641 149940 50000 40002427 35830990 X 95313595 96484252 5048004 8375558 100361599 104859810 140364026 140690800 X 3197600 1875859 -575248 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X EDUCATION 0 23146709 5882700 2094138 5524245 35000 25564302 27871757 2876675 -1230727 6335996 35000 23146709 28618326 2649501 3064826 6425896 35000 27871757 28396368 274706 110086 127834 35000 28618326 27662841 240372 759540 231385 35000 28396368 0.69547 0.20764 0.09689 0 0 8764062 8764062 115483657 24889391 90594266 4341086 2055503 2285583 101643911 DEFERRED COMPENSATION 50000 50000 X 34071485 1875859 63371 1939230 32132255 35000 2982085 3017085 35149340 29573274 638619 638619 28934655 35000 2982085 3017085 31951740 PART III, LINE 4: IN ITS LIBRARY, THE SCHOOL EXHIBITS A HISTORICAL MAP DATING BACK TO 1755, WHICH SHOWS THE 13 COLONIES AND LANDS USED AS "LAND GRANTS" BY REVOLUTIONARY GOVERNMENTS AS A METHOD OF OBTAINING MILITARY SERVICES. THE MAP IS AN EDUCATIONAL TOOL OF THE SCHOOL IN PROVIDING A QUALITY EDUCATION TO ITS STUDENTS. PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS FALL INTO THE FOLLOWING THREE PRIMARY CATEGORIES: FINANCIAL ASSISTANCE, PROFESSIONAL DEVELOPMENT AND FACULTY ENRICHMENT, AND PROGRAMMATIC SUPPORT. THE OBJECTIVE OF THE SCHOOL IS TO MAINTAIN THE PRINCIPAL ENDOWMENT FUNDS AT THE ORIGINAL AMOUNT DESIGNATED BY THE DONOR. THE INVESTMENT POLICY TO ACHIEVE THIS OBJECTIVE IS TO INVEST IN A DIVERSIFIED PORTFOLIO. INTEREST EARNED IN RELATION TO THE ENDOWMENT FUNDS IS RECORDED AS RESTRICTED INCOME AND THE SPENDING ALLOCATION MAY BE TRANSFERRED TO THE CURRENT OPERATING BUDGET UP TO THE PERCENTAGE ALLOCATION AMOUNT OF THE CURRENT SPENDING POLICY IN ORDER TO SUPPORT THE THREE PRIMARY OBJECTIVES PREVIOUSLY STATED. 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: COST OF GOODS SOLD 63,371. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED AGAINST REVENUE 2,982,085. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 63,371. LOSS ON DISPOSAL OF PPE 575,248. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED AGAINST REVENUE 2,982,085. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALLEN STEVENSON SCHOOL IS ONE OF MANY SCHOOLS WHO IS LISTED IN THE INDEPENDENT SCHOOL ADMISSIONS ASSOCIATION OF GREATER NEW YORK (ISAAGNY) ADVERTISEMENT THAT STATES ITS NON-DISCRIMINATORY POLICY TOWARDS STUDENT ACCEPTANCES. ITS NON-DISCRIMINATORY POLICY IS ALSO INCLUDED IN ALL MARKETING MATERIALS AND ON THE LANDING PAGE OF ITS WEBSITE. SCHEDULE E, PART I, LINE 6 ALLEN-STEVENSON SCHOOL RECEIVES FUNDS FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION AND U.S. TREASURY DEPARTMENT. AUCTION SPRING BENEFIT 334204 71650 262554 68850 27274 8187 115056 334204 71650 262554 68850 27274 8187 115056 219367 43187 1 FINANCIAL AID/SCHOLARSHIPS 71 2982085 PART I, LINE 2: THE SCHOOL GRANTS FINANCIAL AID SCHOLARSHIPS TO THOSE FAMILIES WHO CANNOT AFFORD THE FULL TUITION. THE PROCESS FOR DETERMINING THE SCHOLARSHIP AWARD IS AS FOLLOWS: THE CHIEF FINANCIAL AND OPERATING OFFICER SETS THE BUDGET FOR THE TOTAL AMOUNT OF SCHOLARSHIPS TO BE AWARDED. THE FINANCE AND INVESTMENT COMMITTEE REVIEWS THE BUDGET PRIOR TO BOARD APPROVAL. IN OCTOBER, AN EMAIL NOTIFICATION IS SENT TO FAMILIES WITH A LINK TO TADS.COM ("TADS"), PROMPTING FAMILIES TO LOG ON AND SUBMIT A FINANCIAL AID APPLICATION THROUGH TADS, ALONG WITH THEIR PRIOR YEAR'S TAX RETURNS AND INFORMATION ABOUT WHAT AMOUNT THEY CAN PAY TOWARD TUITION. BASED ON THE FORM AND DOCUMENTATION SUBMITTED BY THE FAMILIES, TADS WILL CALCULATE THE AMOUNT EACH FAMILY CAN AFFORD TO CONTRIBUTE TOWARDS TUITION. THIS INFORMATION IS REVIEWED BY THE DIRECTOR OF ADMISSIONS, ENROLLMENT & FINANCIAL AID, AND CHIEF FINANCIAL AND OPERATING OFFICER, WHO CREATE A SPREADSHEET OF POTENTIAL SCHOLARSHIPS TO BE GRANTED TO EACH STUDENT. A SUMMARY OF THE INFORMATION AND ALLOCATIONS IS ALSO SHARED WITH THE HEAD OF SCHOOL ONCE THE RECOMMENDED ALLOCATIONS ARE COMPLETED. AWARD LETTERS ARE SENT TO THE FAMILIES THAT MUST BE ACCEPTED BY THE PARENT. CHANGES MAY OCCUR IF THERE SEEMS TO BE INCONSISTENCIES IN THE SUBSEQUENT FINANCIAL DATA SUBMITTED AS ALL APPLICANTS MUST SUBMIT THEIR COMPLETED 1040 TAX RETURNS AND BUSINESS RETURNS UPON FILING. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DAVID R TROWER FORMER HEAD OF SCHOOL 383883 0 0 0 160435 0 74400 0 26275 0 644993 0 158066 0 DUNCAN LYON HEAD OF SCHOOL 257314 0 0 0 72150 0 72000 0 45942 0 447406 0 0 0 HYDEE BRESSLER BASSEL CHIEF FINANCIAL & OPERATING OFFICER 343342 0 0 0 6532 0 24400 0 55578 0 429852 0 0 0 STEPHEN M WARNER HEAD OF LOWER DIVISION 221105 0 0 0 21569 0 20592 0 37984 0 301250 0 0 0 KATHERINE DUCKWORTH-SCHACHTER DIRECTOR OF DEVELOPMENT 205090 0 0 0 3477 0 18770 0 53901 0 281238 0 0 0 WINIFRED BARNES DIR., ORGANIZATIONAL INITIATIVES 226086 0 0 0 3736 0 19389 0 21570 0 270781 0 0 0 RICHARD ALIFANO DIR., ATHLETICS/PE EDUCATION 203104 0 0 0 6454 0 17805 0 26660 0 254023 0 0 0 ANDREW C ZEVON DIRECTOR OF TECHNOLOGY 226422 0 0 0 3531 0 18898 0 5149 0 254000 0 0 0 WILLIAM L DRANSFIELD DIRECTOR OF AUXILLIARY PROGRAMS 160812 0 0 0 951 0 14590 0 53406 0 229759 0 0 0 GREG KNESPLER FACILITIES MANAGER 190565 0 0 0 21267 0 17147 0 93 0 229072 0 0 0 JACK COOLEY SCIENCE DEPARTMENT CHAIR 152848 0 0 0 1297 0 13702 0 52703 0 220550 0 0 0 STEVEN COHEN HEAD OF UPPER DIVISION 188090 0 0 0 2193 0 15715 0 13966 0 219964 0 0 0 SARAH WOODS DIRECTOR OF COMMUNICATIONS 194649 0 0 0 1663 0 15653 0 93 0 212058 0 0 0 MICHELE V DEMKO MUSIC DEPARTMENT HEAD 186001 0 0 0 2084 0 15453 0 3155 0 206693 0 0 0 DEVIN A LASANE DIRECTOR OF ADMISSIONS 159338 0 0 0 1241 0 13450 0 20785 0 194814 0 0 0 PART I, LINE 1A ACCORDING TO THE CONTRACT, AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE SCHOOL, THE SCHOOL PROVIDES HOUSING ALLOWANCE TO THE HEAD OF SCHOOL DUNCAN LYON. IT IS TAXABLE TO THE INDIVIDUAL AND IS REPORTED ON SCH J, PART II, COLUMN (B)(III). THE SCHOOL REIMBURSES THE FORMER HEAD OF SCHOOL DAVID R. TROWER FOR THE COST OF HIS DUES FOR CLUB MEMBERSHIP TO THE UNION CLUB AS PER HIS CONTRACT. SOCIAL CLUB DUES ARE NON TAXABLE BY VIRTUE OF BEING A WORKING CONDITION FRINGE UNDER IRC SECTION 132. THE HEAD OF SCHOOL USES THE MEMBERSHIP EXCLUSIVELY FOR SCHOOL PURPOSES. PART I, LINE 4B FORMER HEAD OF SCHOOL DAVID R. TROWER, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN 457(F). THE SCHOOL CONTRIBUTED $50,000 TO HIS 457(F) PLAN IN 2022. DUNCAN LYON, HEAD OF SCHOOL, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN 457(F). THE SCHOOL CONTRIBUTED $50,000 TO THE 457(F) PLAN IN 2022. FORMER HEAD OF SCHOOL DAVID R. TROWER RECEIVED IN 2022 A DISTRIBUTION OF HIS 457(F) PLAN IN THE AMOUNT OF $158,065.81. THIS DISTRIBUTION WAS TAXABLE AND INCLUDED IN HIS 2022 FORM W-2, BOX 5. THIS DISTRIBUTION WAS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III) AND ALSO REPORTED IN COLUMN (F) AS COMPENSATION IN COLUMN (B) REPORTED AS DEFERRED ON PRIOR FORM 990. 93800 FINANCIAL AID DISCOUNTED TUITION X 20 504132 AVG. SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE FORM 990 TO OBTAIN AN UNDERSTANDING OF THE REPORTING REQUIREMENTS AND TO ENSURE IT IS ACCURATE AND COMPLETE. SUBSEQUENTLY, A COPY OF THE FORM 990 SHORT FORM (WITHOUT SCHEDULE B) IS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE DISCUSSES THE FORM 990 WITH MANAGEMENT AND RESOLVES ANY QUESTIONS THAT ARISE. THE PUBLIC INSPECTION COPY OF THE FORM 990 IS THEN DISTRIBUTED, EITHER ELECTRONICALLY OR BY HARD COPY, TO THE BOARD FOR REVIEW AND COMMENT. IN ORDER TO ENSURE CONFIDENTIALITY OF OUR DONORS, THE DONOR LIST (SCHEDULE B) IS NOT INCLUDED IN THE DISTRIBUTION. THE FORM 990 IS FILED ONCE THE BOARD'S COMMENTS ARE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND ALL OTHER EMPLOYEES SIGN A CONFLICT-OF-INTEREST POLICY STATEMENT ANNUALLY, WHICH IS REVIEWED BY MANAGEMENT. IF A CONFLICT APPEARS TO EXIST, MANAGEMENT AND THE BOARD OF TRUSTEES AUDIT COMMITTEE WILL MEET WITH THE INDIVIDUAL TO OBTAIN ALL THE FACTS. IF A CONFLICT IS IDENTIFIED, THE INDIVIDUAL TO WHOM IT PERTAINS MUST REFRAIN FROM PARTICIPATING IN THE DECISION MAKING CONCERNING THE MATTER THAT GAVE RISE TO THE CONFLICT. ADDITIONALLY, AN EMPLOYEE WHO RECOMMENDS A VENDOR TO THE SCHOOL MUST DISCLOSE TO THE CHIEF FINANCIAL AND OPERATING OFFICER AND THE HEAD OF SCHOOL WHETHER HE OR SHE HAS A RELATIONSHIP WITH THAT VENDOR. IF APPROVED AS APPROPRIATE, THAT VENDOR MUST PROVIDE THE SCHOOL WITH A MINIMUM OF THREE PROFESSIONAL REFERENCES. ADDITIONALLY, THERE WILL BE A BIDDING PROCESS WHERE TWO ADDITIONAL OUTSIDE INDEPENDENT VENDORS WILL BE ASKED TO BID ON THE JOB OR SERVICE AS WELL. FORM 990, PART VI, SECTION B, LINE 15 THE CHIEF FINANCIAL AND OPERATING OFFICER OBTAINS INFORMATION FROM THE DASL SYSTEM THAT SHOWS DETAILED SALARY FIGURES FOR VARIOUS POSITIONS IN DIFFERENT COHORTS. THREE SCHOOL GROUPS ARE USED FOR COMPARISON OF CURRENT SALARIES TO ALLEN-STEVENSON SCHOOL'S HIGHLY COMPENSATED AND KEY EMPLOYEES SUCH AS HEAD OF SCHOOL, THE CHIEF FINANCIAL AND OPERATING OFFICER, DIVISION HEADS, DIRECTOR OF ADMISSIONS, FACILITIES DIRECTOR, DIRECTOR OF ATHLETICS, AND DIRECTOR OF DEVELOPMENT. THE PERSONNEL AND COMPENSATION COMMITTEE, MADE UP OF THREE (3) BOARD MEMBERS, REVIEWS THE HEAD'S RECOMMENDATION OF THE SALARIES OF THE ABOVE LISTED POSITIONS, EXCEPT FOR HIS OWN SALARY, FOR FAIRNESS AND APPROPRIATENESS. THE HEAD OF SCHOOL'S SALARY IS RECOMMENDED BY THE PRESIDENT OF THE BOARD AND APPROVED BY THE OTHER MEMBERS OF THE COMPENSATION COMMITTEE. THE MEETINGS OF THE COMPENSATION COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED. COMPENSATION FOR DUNCAN LYON WAS REVIEWED IN 2022 WHEN HE WAS HIRED FOR THE 2022-23 SCHOOL YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS FORM 990 AVAILABLE FOR PUBLICATION INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FORM 990, CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FACULTY AND STAFF HANDBOOKS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF ASSETS -575,248. FORM 990, PART XII, LINE 2C: THE PROCESS FOR ASSUMING RESPONSIBILITY OVER THE AUDIT OF THE SCHOOL AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED SINCE THE PRIOR YEAR.