2024-05-09T13:01:43-05:00 2023-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2022-07-01 113752853 GRACE CHURCH SCHOOL GRAC 2124755609 86 FOURTH AVENUE NEW YORK NY 100035232 SUSAN AUSTIN CFO 2124755609 2024-05-15 1 SUSAN AUSTIN 999009999 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2024-05-08 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUSAN AUSTIN 86 FOURTH AVENUE NEW YORK NY 100035232 56295675 0 X WWW.GCSCHOOL.ORG X 2005 NY TO PROVIDE EXEMPLARY EDU. FOR CHILDREN REFLECTING ETHNIC, RELIGIOUS, AND SOCIO-ECONOMIC DIVERSITY. 32 32 371 100 0 21936 4616358 4925513 47803943 49369897 117859 1054903 70875 17324 52609035 55367637 10017918 9502993 0 0 28897927 30552633 0 0 1228628 19490568 19183547 58406413 59239173 -5797378 -3871536 112611792 190844537 86796722 165845254 25815070 24999283 X GRACE CHURCH SCHOOL TEACHES SKILLS OF INTELLECTUAL EXCELLENCE AND HABITS OF ETHICAL VIRTUE, BELIEVING THAT THESE QUALITIES DEPEND UPON EACH OTHER TO FIND THEIR FULLEST EXPRESSION IN GOOD LIVES, WELL LIVED. THROUGH A PEDAGOGY OF JOY, OUR TEACHERS FOSTER THE WONDER OF OUR STUDENTS TO INSPIRE A LASTING LOVE OF LEARNING. OUR CURRICULUM, GROUNDED IN TRADITION AND OPEN TO INNOVATION, HELPS STUDENTS BUILD A STRONG FOUNDATION OF KNOWLEDGE, A COMMAND OF WORDS AND NUMBERS, AND A SENSE OF PURPOSE IN THEIR PURSUITS AS SCHOLARS, ARTISTS, ATHLETES AND CITIZENS. IN PARTNERSHIP WITH FAMILIES, WE PROMOTE VALUES LIKE CURIOSITY, HUMILITY, KINDNESS, AND COURAGE, UNDERSTANDING RIGOROUS FORMS OF EACH TO BE SOURCES OF WISDOM. AS AN EPISCOPAL SCHOOL, GRACE STRIVES TO BE A COMMUNITY OF BROAD WELCOME AND DEEP BELONGING, WHERE ALL STUDENTS KNOW THE DIGNITY OF THEIR OWN HUMANITY AND SEEK TO SERVE THAT OF OTHERS. 0 0 53291421 9502993 49369897 GRACE CHURCH SCHOOL SEEKS A STUDENT BODY REFLECTIVE OF THE ETHNIC, RELIGIOUS AND ECONOMIC DIVERSITY OF OUR DOWNTOWN COMMUNITY. A STRUCTURED CURRICULUM, ENRICHED WITH BROAD OPPORTUNITIES FOR CREATIVE EXPRESSION, AIMS TO DEVELOP IN EACH CHILD MENTAL KEENESS, PHYSICAL CONFIDENCE, PLEASURE IN LEARNING, AND THE SKILLS BASIC TO UNDERSTANDING ONE'S SELF AND THE WORLD. OUR STUDENTS ARE THOROUGHLY PREPARED IN ENGLISH, MATHEMATICS, FOREIGN LANGUAGES, SCIENCE, AND HISTORY. STUDIO ART, MUSICE EDUCATION, DRAMA AND PHYSICAL EDUCATION ARE INTEGRAL TO THE CURRICULUM. COMPUTER INSTRUCTION IS INTEGRATED WITH THE SCHOOL'S COURSE OF STUDY. 53291421 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 87 0 1 371 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X SUSAN AUSTIN CFO 2124755609 86 FOURTH AVENUE NEW YORK NY 100035232 DOMINIQUE SCHULTE SECRETARY 1.00 X X 0 0 0 ANN MELLOW VICE CHAIR 2.00 X X 0 0 0 GEORGE MAJOROS VICE CHAIR & TREASURER 1.00 X X 0 0 0 MELANIE WESTON CHAIR 1.00 X X 0 0 0 MERRITT TILNEY TRUSTEE 1.00 X 0 0 0 RICHARD BUERY TRUSTEE 1.00 X 0 0 0 RENEE NOEL TRUSTEE 1.00 X 0 0 0 OJAY OBINANI TRUSTEE 1.00 X 0 0 0 NAOMI NWOSU-STEWART TRUSTEE 1.00 X 0 0 0 MONICA LAI TRUSTEE 1.00 X 0 0 0 MARTHA HIRSCHMAN TRUSTEE 1.00 X 0 0 0 TED GOLDTHORPE TRUSTEE 1.00 X 0 0 0 MARGARET CROTTY TRUSTEE 1.00 X 0 0 0 KIRBY CHIN TRUSTEE 1.00 X 0 0 0 KENJI YOSHINO TRUSTEE 1.00 X 0 0 0 SHYAMLI MILAM TRUSTEE 1.00 X 0 0 0 ANNE TILNEY TRUSTEE 1.00 X 0 0 0 JASON SLIBECK TRUSTEE 1.00 X 0 0 0 DONNA GARBAN TRUSTEE 1.00 X 0 0 0 GREG GUSHEE TRUSTEE 1.00 X 0 0 0 FELICIA WASHINGTON TRUSTEE 1.00 X 0 0 0 ELIZABETH KIPP-GIUSTI TRUSTEE 1.00 X 0 0 0 DOUGLAS ARMER TRUSTEE 1.00 X 0 0 0 VALERIE TOSCANO TRUSTEE 1.00 X 0 0 0 JAN ABERNATHY TRUSTEE 1.00 X 0 0 0 JIM BEST TRUSTEE 1.00 X 0 0 0 DAVID HELLER TRUSTEE 1.00 X 0 0 0 DAMIAN ZUNINO TRUSTEE 1.00 X 0 0 0 CAMILLE ORME TRUSTEE 1.00 X 0 0 0 BARBARA SIBLEY TRUSTEE 1.00 X 0 0 0 JAKE SIEWERT TRUSTEE 1.00 X 0 0 0 ALAN REAGAN TRUSTEE 1.00 X 0 0 0 SUSAN AUSTIN CHIEF FINANCIAL OFFICER 40.00 X 244581 0 45817 ROBERT PENNOYER HEAD OF SCHOOL 40.00 X 327639 0 51503 GEORGE DAVISON HEAD OF SCHOOL (THROUGH 07/1/2022) 40.00 X 591786 0 69158 SARAH ADLER HEAD OF EARLY CHILDHOOD DIVISION 40.00 X 189908 0 58047 MARGERY HELLMOLD DIRECTOR OF ADMISSIONS 40.00 X 213150 0 41531 MELANIE WHITE DIR OF COLLEGE COUNSELING 40.00 X 245673 0 43553 JOHANNA E OHARE CONTROLLER 40.00 X 185499 0 8617 COURTNEY ARCHER BUCKMIRE CHIEF ADVANCEMENT OFFICER 40.00 X 250199 0 23187 2248435 0 341413 66 0 1 0 B & S CLEANING SERVICES 16 ARDEN ST NEW YORK NY 10040 CLEANING SERVICES 296380 SCHULTE ROTH & ZABEL LLP 919 3RD AVE NEW YORK NY 10022 LEGAL SERVICES 232146 CATER TO YOU 665 BROADWAY SUITE 503 NEW YORK NY 10012 CATERING SERVICES 206108 3 1484632 3440881 1497199 4925513 TUITION AND TRIP FEES 611710 47515543 47515543 FORFEITED TUITION & OTHER FEES 611710 1265236 1265236 ANCILLARY REVENUE 611710 535818 535818 APPLICATION FEES 611710 53300 53300 49369897 1054903 1054903 67328 0 67328 67328 67328 878034 1484632 928038 -50004 -50004 55367637 49369897 0 1072227 9502993 9502993 1586122 1586122 21684910 20407611 527687 749612 1711200 1396992 275972 38236 3821561 3017085 721899 82577 1748840 1364221 347280 37339 376383 376383 177106 177106 679015 666072 3353 9590 2205 2205 1662750 1507109 47475 108166 7934906 7856585 62710 15611 622885 622885 248268 244285 3983 1354163 1283249 55629 15285 2441499 2313644 100297 27558 401933 372799 20534 8600 FOOD COSTS 1703650 1554060 80209 69381 MISC. EXPENSE 591252 469515 66331 55406 INTERNSHIPS AND FACULTY 368409 368409 STAFF REC. AND DEV. 367469 343907 14500 9062 251654 251654 59239173 53291421 4719124 1228628 6174 6940 13703760 13071206 3034378 1660334 1864863 1729570 145080 280918 86208211 35758481 51218983 50449730 18654756 22199587 21437674 20152775 2546124 81293477 112611792 190844537 4156306 5436490 21007748 20554885 42880441 41465159 18752227 98388720 86796722 165845254 X 16797865 15658536 9017205 9340747 25815070 24999283 112611792 190844537 -3871536 3055749 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40824878 1521080 2245574 2110277 42481255 47656173 971034 -4652559 3149770 40824878 39467406 2004432 11677649 5493314 47656173 39928419 1234244 -178757 1516500 39467406 37630614 1888982 2062023 1653200 39928419 0.78904 0.21096 1 0 1000000 1000000 39351653 9411924 29939729 17327737 11098536 6229201 9100954 8665095 435859 19427867 6582926 12844941 50449730 GOLDMAN SACHS 3863315 F MAKENA 3955295 F OTHER ALTERNATIVES 1921309 F SEG PARTNERS 7632638 F SEG PARTNERS II 2780218 F 20152775 DEFERRED BOND ISSUANCE 240171 SECURITY DEPOSIT 20674 OTHER ASSETS 443762 RESTRICTED CASH 1909180 OPERATING LEASE RIGHT-OF-USE ASSETS 78489174 FINACE LEASE RIGHT-OF-USE ASSETS 190516 81293477 OPEARATING LEASE LIABILITIES 98197504 FINANCE LEASE LIABILITIES 191216 98388720 X 48743287 3055749 -9502993 -6447244 55190531 177106 177106 55367637 49559074 0 49559074 177106 9502993 9680099 59239173 PART V, LINE 4: THE ENDOWMENT FUND PROVIDES AN ANNUAL INCOME OF 4.5% OF ITS MARKET VALUE AS OF THE AVERAGE OF THE PREVIOUS THREE YEARS FOR THE SUPPORT OPERATIONS, INCLUDING PROVIDING FINANCIAL AID TO CERTAIN STUDENTS. PART X, LINE 2: THE SCHOOL BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023, IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE -9,502,993. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE 9,502,993. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GRACE CHURCH SCHOOL PUBLISHES ITS NONDISCRIMINATORY POLICY ANNUALLY IN A NEWSPAPER/WEBSITE, AND ON THE ADMISSIONS APPLICATION. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED FINANCIAL AID FROM NEW YORK CITY DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES. AUCTION BENEFIT 2362666 1484632 878034 29004 63100 800 835134 2362666 1484632 878034 29004 63100 800 835134 928038 -50004 1 STUDENT FINANCIAL AID 207 9502993 FMV NEEDS-BASED FINANCIAL AID PART I, LINE 2: THE SCHOOL GRANTED NEEDS-BASED FINANCIAL AID TO 207 STUDENTS DURING THE YEAR ENDED JUNE 30, 2023. PARENTS ARE REQUIRED TO FILL OUT AN APPLICATION DEPICTING THEIR FINANCIAL POSITION ALONG WITH COPIES OF THEIR TAX RETURNS AND THE AMOUNT OF AID THEY ARE REQUESTING. A FINANCIAL AID COMMITTEE REVIEWS THE APPLICATIONS AND AWARDS THE GRANTS BASED ON VARIOUS CRITERIA. FUNDS ARE APPLIED TO NEEDED OUTSTANDING TUITION BILLS, THEREFORE, NO ADDITIONAL MONITORING IS REQUIRED. X 1 1 X X X 0 0 0 0 0 0 0 0 0 GEORGE DAVISON HEAD OF SCHOOL (THROUGH 07/1/2022) 544500 0 0 0 47286 0 38124 0 31034 0 660944 0 0 0 ROBERT PENNOYER HEAD OF SCHOOL 282585 0 0 0 45054 0 21550 0 29953 0 379142 0 0 0 SUSAN AUSTIN CHIEF FINANCIAL OFFICER 243807 0 0 0 774 0 12933 0 32884 0 290398 0 0 0 MELANIE WHITE DIR OF COLLEGE COUNSELING 245415 0 0 0 258 0 25075 0 18478 0 289226 0 0 0 COURTNEY ARCHER BUCKMIRE CHIEF ADVANCEMENT OFFICER 250139 0 0 0 60 0 7422 0 15765 0 273386 0 0 0 MARGERY HELLMOLD DIRECTOR OF ADMISSIONS 212754 0 0 0 396 0 25766 0 15765 0 254681 0 0 0 SARAH ADLER HEAD OF EARLY CHILDHOOD DIVISION 189650 0 0 0 258 0 25163 0 32884 0 247955 0 0 0 JOHANNA E OHARE CONTROLLER 185361 0 0 0 138 0 8617 0 0 0 194116 0 0 0 PART I, LINE 1A GEORGE DAVISON RECEIVES A FIXED HOUSING ALLOWANCE FOR $45,000 UNDER HIS EMPLOYMENT CONTRACT AND IS INCLUDED IN PART II, (B)(III). ROBERT PENNOYER RECEIVES A FIXED HOUSING ALLOWANCE FOR $45,000 UNDER HIS EMPLOYMENT CONTRACT AND IS INCLUDED IN PART II, (B)(III). A BUILD NYC RESOURCE CORPORATION 454040561 2017-09-20 49778355 SEE PART VI 0 0 0 A 7060242 49778355 38778355 421823 10538177 40000 2018 1 0 0 1 A 0 1 1 1 0 0.02200 0.02200 0 0 1 A 0 1 1 0 1 0 0 0 1 A 1 PART I(F): THE BONDS WERE ISSUED TO MAKE A LOAN TO THE BORROWER TO FINANCE THE CAPITAL PROJECTS AND FOR THE REISSUANCE OF THE SERIES 2013 BONDS (DATED 7/1/13). PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2(B): THE CURRENT REFUNDING PORTION OF THE BOND ISSUE HAS MET THE 6-MONTH EXCEPTION TO REBATE. X 13514 662065 FMV X AUCTION ITEMS 201 835134 FMV 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THEN IT IS DISTRIBUTED TO THE AUDIT COMMITTEE AND MADE AVAILABLE TO THE FULL BOARD FOR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE DISTRIBUTED AT THE ANNUAL BOARD MEETING BY THE SECRETARY. THEY ARE SIGNED BY ALL VOTING MEMBERS, SENIOR ADMIN STAFF, DEPARTMENT AND DIVISION HEADS. THE BOARD FORMS ARE THEN REVIEWED FOR ANY POTENTIAL CONFLICT OF INTEREST ISSUES THAT MIGHT ARISE. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S CONTRACT IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND COMPARED TO A TWO BENCHMARK OF COMPARABLE SCHOOLS UPON RENEWAL OF CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 A PRINTED COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.