MORRISTOWN-BEARD SCHOOL: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MORRISTOWN-BEARD SCHOOL (EIN 22-1487252)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-15
- IRS object ID
- 202501359349310080
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-15T13:43:20-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331374517 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE SUITE 301 | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 105281633 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 221487252 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORRISTOWN-BEARD SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MORR | BusinessNameControlTxt |
| Phone | 9735393032 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 WHIPPANY ROAD | AddressLine1Txt |
| City | MORRISTOWN | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07960 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHANCE VAN SCIVER | PersonNm |
| Person Title | CHIEF FINANCIAL & OPERATING OFFICER | PersonTitleTxt |
| Phone | 9735393032 | PhoneNum |
| Signature | 2025-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MELISSA MODELSON | PreparerPersonNm |
| PTIN | P01603524 | PTIN |
| Phone | 9143818900 | PhoneNum |
| Preparation | 2025-05-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | CHANCE VAN SCIVER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 WHIPPANY ROAD | AddressLine1Txt |
| City | MORRISTOWN | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07960 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $35,093,344 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MBS.NET | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1939 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | THE SCHOOL IS AN EDUCATIONAL COLLEGE PREPARATORY SCHOOL IN GRADES 6 TO 12. | ActivityOrMissionDesc |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 353 | TotalEmployeeCnt |
| Total Volunteers | 120 | TotalVolunteersCnt |
| Total Gross UBI | $104,693 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $102,193 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,619,426 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,534,560 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $31,575,996 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $32,179,478 | CYProgramServiceRevenueAmt |
| PY Investment Income | $800,134 | PYInvestmentIncomeAmt |
| CY Investment Income | $942,293 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$10,898 | PYOtherRevenueAmt |
| CY Other Revenue | $37,350 | CYOtherRevenueAmt |
| PY Total Revenue | $34,984,658 | PYTotalRevenueAmt |
| CY Total Revenue | $34,693,681 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,849,321 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,011,405 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $19,987,790 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $21,164,168 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $7,949 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,379,634 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,185,400 | PYOtherExpensesAmt |
| CY Other Expenses | $10,487,615 | CYOtherExpensesAmt |
| PY Total Expenses | $34,022,511 | PYTotalExpensesAmt |
| CY Total Expenses | $35,671,137 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $962,147 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$977,456 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $73,085,809 | TotalAssetsBOYAmt |
| Total Assets EOY | $76,540,014 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,416,796 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,843,481 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $67,669,013 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $69,696,533 | NetAssetsOrFundBalancesEOYAmt |
| Mission | MORRISTOWN BEARD SCHOOL IS AN EDUCATIONAL COLLEGE PREPARATORY SCHOOL IN GRADES 6 TO 12 LOCATED IN MORRISTOWN, NEW JERSEY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $27,746,796 | ExpenseAmt |
| Grant | $4,011,405 | GrantAmt |
| Revenue | $32,176,691 | RevenueAmt |
| Desc | MORRISTOWN BEARD SCHOOL IS AN INDEPENDENT, COEDUCATIONAL DAY SCHOOL SERVING STUDENTS FROM MORE THAN 85 COMMUNITIES AND NINE COUNTIES IN NORTHERN NEW JERSEY. THERE ARE 600 STUDENTS IN GRADES 6-12, WITH AN UPPER SCHOOL ENROLLMENT OF 450 AND MIDDLE SCHOOL OF 150.STUDENTS LEAVE MBS EXCEEDINGLY WELL PREPARED FOR THE CHALLENGES OF COLLEGE AND UNIVERSITY STUDIES. THEIR SKILLS IN THINKING, WRITING, AND TIME MANAGEMENT SET THEM APART AMONG ENTERING COLLEGE STUDENTS, WHILE THE QUALITIES OF MIND THEY DEVELOP HERE POSITION THEM FOR SUCCESS LONG AFTER COLLEGE. THESE STRENGTHS FROM COMMUNICATION AND COLLABORATION TO THE ABILITY TO SOLVE COMPLEX, OPEN-ENDED PROBLEMS LEAD NEARLY EVERY LIST OF CAPABILITIES FOR 21ST-CENTURY SUCCESS. | Desc |
| Total Program Service Expenses | $27,746,796 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 52 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 353 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | 0 | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHANCE VAN SCIVER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9735393032 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 WHIPPANY ROAD | AddressLine1Txt |
| City | MORRISTOWN | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07960 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| ELIZABETH MORRISON | |||||||||
| HEAD OF SCHOOL | 55.00 | Yes (X) | Yes (X) | $485,595 | $0 | $55,203 | |||
| RAVI CHOPRA | |||||||||
| CO-PRESIDENT | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| CARISA STRAUSS | |||||||||
| CO-PRESIDENT | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| DARNELL PARKER | |||||||||
| VICE PRESIDENT | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| LEE KELLOGG SADRIAN | |||||||||
| VICE PRESIDENT | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| KELLY EWING | |||||||||
| VICE PRESIDENT | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL MORAIS | |||||||||
| VICE PRESIDENT | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| R CARTWRIGHT WALLACE | |||||||||
| TREASURER | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| PAMELA NELSON-DAVIDSON | |||||||||
| SECRETARY | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| DENA BAPTISTE | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| LISSA FERRELL | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| PETER FIVERSON | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| SHANAE GREEN | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID MCMANUS | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID MOLOWA | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| CORY PINE | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUSAN REALE | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRUCE SANFORD | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| LARRY SHERMAN | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| PENNY SOKOLOWSKI | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| ERIC SOOS | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| SCOTT TANNEN | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| JANINE WEBB | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| SHERIF ZAKHARY | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| RICHARD KASMIN | |||||||||
| CHIEF FINANCIAL OFFICER, EFF. 7/1/23 | 55.00 | Yes (X) | $89,822 | $0 | $11,258 | ||||
| ELIZABETH PATTERSON | |||||||||
| DIRECTOR OF ADVANCEMENT | 55.00 | $227,581 | $0 | $50,661 | Yes (X) | ||||
| PHILICIA LEVINSON | |||||||||
| DIRECTOR OF HUMAN RESOURCES | 55.00 | $177,234 | $0 | $41,049 | Yes (X) | ||||
| BONI LUNA | |||||||||
| DEAN OF FACULTY | 55.00 | $188,936 | $0 | $46,811 | Yes (X) | ||||
| RYAN LIESE | |||||||||
| HEAD OF UPPER SCHOOL | 55.00 | $186,791 | $0 | $36,747 | Yes (X) | ||||
| ROBERT MITCHELL | |||||||||
| DIRECTOR OF ADMISSION | 55.00 | $155,914 | $0 | $38,392 | Yes (X) | ||||
| PAUL FISHER | |||||||||
| TECHNOLOGY TEACHER | 55.00 | $166,811 | $0 | $44,132 | Yes (X) | ||||
| KLARISSA KAROSEN | |||||||||
| DIRECTOR OF DEI | 55.00 | $143,704 | $0 | $76,684 | Yes (X) | ||||
| MARK CLAR | |||||||||
| DIR OF FACILITIES | 55.00 | $137,343 | $0 | $25,015 | Yes (X) | ||||
| PETER CALDWELL | |||||||||
| FORMER HEAD OF SCHOOL | 0.50 | $270,000 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,229,731 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $425,952 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 35 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FLIK INDEPENDENT SCHOOLS | |||||
| 3 INTERNATIONAL DR 3RD FL | RYE BROOK | NY | 10573 | CAFETERIA | $754,074 |
| DSG SERVICES | |||||
| PO BOX 2064 | MORRISTOWN | NJ | 07962 | CLEANING SERVICES | $717,915 |
| A&D STAFFING LLC | |||||
| 16 KENT RD | PATERSON | NJ | 07502 | STAFFING SERVICES | $534,930 |
| BELAIR TRANSPORT | |||||
| 641 TREMONT AVENUE | ORANGE | NJ | 07050 | STUDENT BUS TRANSPORTATION | $355,798 |
| GLOBAL SHEET METAL | |||||
| 327 FRANKLIN AVE | NUTLEY | NJ | 07110 | REPAIRS AND MAINTENANCE | $347,492 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $33,148 | FundraisingAmt |
| All Other Contributions | $1,501,412 | AllOtherContributionsAmt |
| Noncash Contributions | $70,793 | NoncashContributionsAmt |
| Total Contributions | $1,534,560 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611110 | $29,822,308 | $29,822,308 |
| AUXILIARY REVENUE | 611110 | $1,615,793 | $1,615,793 |
| CLUB & ACTIVITY FEES | 611110 | $741,377 | $741,377 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $32,179,478 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $942,293 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $104,693 | UnrelatedBusinessRevenueAmt |
| Exclusion | $837,600 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $284,200 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $284,200 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $140,547 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $33,148 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $110,978 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $29,569 | TotalRevenueColumnAmt |
| Exclusion | $29,569 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $9,975 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,975 | TotalRevenueColumnAmt |
| Exclusion | $9,975 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $1,698 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $4,485 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$2,787 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$2,787 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $593 | TotalRevenueColumnAmt |
| Exclusion | $593 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $593 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $34,693,681 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $32,176,691 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $104,693 | UnrelatedBusinessRevenueAmt |
| Exclusion | $877,737 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,011,405 | TotalAmt |
| Program Services | $4,011,405 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,378,310 | TotalAmt |
| Program Services | $412,402 | ProgramServicesAmt |
| Management And General | $965,908 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,628,615 | TotalAmt |
| Program Services | $11,869,829 | ProgramServicesAmt |
| Management And General | $1,720,227 | ManagementAndGeneralAmt |
| Fundraising | $1,038,559 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,031,388 | TotalAmt |
| Program Services | $822,923 | ProgramServicesAmt |
| Management And General | $129,754 | ManagementAndGeneralAmt |
| Fundraising | $78,711 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,843,673 | TotalAmt |
| Program Services | $2,417,343 | ProgramServicesAmt |
| Management And General | $280,458 | ManagementAndGeneralAmt |
| Fundraising | $145,872 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,282,182 | TotalAmt |
| Program Services | $1,034,112 | ProgramServicesAmt |
| Management And General | $172,925 | ManagementAndGeneralAmt |
| Fundraising | $75,145 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,046 | TotalAmt |
| Management And General | $53,046 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,850 | TotalAmt |
| Management And General | $46,850 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,949 | TotalAmt |
| Fundraising | $7,949 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,195 | TotalAmt |
| Management And General | $37,195 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,202,930 | TotalAmt |
| Program Services | $705,621 | ProgramServicesAmt |
| Management And General | $497,309 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $263,404 | TotalAmt |
| Program Services | $2,267 | ProgramServicesAmt |
| Management And General | $261,137 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $658,382 | TotalAmt |
| Program Services | $417,868 | ProgramServicesAmt |
| Management And General | $240,514 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $634,568 | TotalAmt |
| Program Services | $530,368 | ProgramServicesAmt |
| Management And General | $104,200 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $515,901 | TotalAmt |
| Program Services | $361,273 | ProgramServicesAmt |
| Management And General | $154,628 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $252,650 | TotalAmt |
| Program Services | $14,217 | ProgramServicesAmt |
| Management And General | $238,433 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,232 | TotalAmt |
| Program Services | $63,148 | ProgramServicesAmt |
| Management And General | $9,084 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,963 | TotalAmt |
| Program Services | $12,963 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,323,386 | TotalAmt |
| Program Services | $1,742,540 | ProgramServicesAmt |
| Management And General | $580,846 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $380,612 | TotalAmt |
| Program Services | $95,154 | ProgramServicesAmt |
| Management And General | $285,458 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| EVENTS AND PROGRAMS | $1,583,767 | $877,729 | $706,038 |
| FOOD AND DINING | $1,425,236 | $1,425,236 | |
| REPAIRS AND MAINTENANCE | $528,771 | $468,074 | $60,697 |
| STUDENT SUPPLIES & EQUI | $293,103 | $293,103 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $202,619 | TotalAmt |
| Program Services | $169,221 | ProgramServicesAmt |
| Fundraising | $33,398 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,671,137 | TotalAmt |
| Program Services | $27,746,796 | ProgramServicesAmt |
| Management And General | $6,544,707 | ManagementAndGeneralAmt |
| Fundraising | $1,379,634 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,015 | BOYAmt |
| EOY | $257,793 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,249,712 | BOYAmt |
| EOY | $5,266,572 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $524,061 | BOYAmt |
| EOY | $333,673 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $312,728 | BOYAmt |
| EOY | $344,538 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,767 | BOYAmt |
| EOY | $63,255 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,872 | BOYAmt |
| EOY | $82,285 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $76,583,447 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $36,436,760 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,114,921 | BOYAmt |
| EOY | $40,146,687 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,141,030 | BOYAmt |
| EOY | $28,749,097 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $809,100 | BOYAmt |
| EOY | $809,100 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $570,603 | BOYAmt |
| EOY | $487,014 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,085,809 | BOYAmt |
| EOY | $76,540,014 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,303,991 | BOYAmt |
| EOY | $2,241,389 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,590,756 | BOYAmt |
| EOY | $4,299,266 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $522,049 | BOYAmt |
| EOY | $302,826 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,416,796 | BOYAmt |
| EOY | $6,843,481 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,864,039 | BOYAmt |
| EOY | $43,788,035 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,804,974 | BOYAmt |
| EOY | $25,908,498 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,669,013 | BOYAmt |
| EOY | $69,696,533 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,085,809 | BOYAmt |
| EOY | $76,540,014 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$977,456 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $3,185,364 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$180,388 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $25,219,866 | BeginningYearBalanceAmt |
| Contributions | $36,450 | ContributionsAmt |
| Investment Earnings Or Losses | $3,837,266 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $406,141 | OtherExpendituresAmt |
| End Year Balance | $28,687,441 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $23,154,970 | BeginningYearBalanceAmt |
| Contributions | $65,077 | ContributionsAmt |
| Investment Earnings Or Losses | $2,452,751 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $452,932 | OtherExpendituresAmt |
| End Year Balance | $25,219,866 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $23,636,420 | BeginningYearBalanceAmt |
| Contributions | $3,007,323 | ContributionsAmt |
| Investment Earnings Or Losses | -$3,173,685 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $315,088 | OtherExpendituresAmt |
| End Year Balance | $23,154,970 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,716,073 | BeginningYearBalanceAmt |
| Contributions | $3,190,207 | ContributionsAmt |
| Investment Earnings Or Losses | $4,902,590 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $150,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $22,450 | OtherExpendituresAmt |
| End Year Balance | $23,636,420 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,396,777 | BeginningYearBalanceAmt |
| Contributions | $10,659 | ContributionsAmt |
| Investment Earnings Or Losses | $494,822 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $150,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $36,185 | OtherExpendituresAmt |
| End Year Balance | $15,716,073 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.13200 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.42300 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.44500 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,560,691 | OtherCostOrOtherBasisAmt |
| Book Value | $1,560,691 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $71,898,386 | OtherCostOrOtherBasisAmt |
| Depreciation | $34,598,826 | DepreciationAmt |
| Book Value | $37,299,560 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,194,391 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,529,763 | DepreciationAmt |
| Book Value | $664,628 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $929,979 | OtherCostOrOtherBasisAmt |
| Depreciation | $308,171 | DepreciationAmt |
| Book Value | $621,808 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $40,146,687 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $33,313,168 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $3,185,364 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $56,988 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $115,465 | OtherRevenueAmt |
| Revenue Not Reported | $3,357,817 | RevenueNotReportedAmt |
| Revenue Subtotal | $29,955,351 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $37,195 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $4,701,135 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $4,738,330 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $34,693,681 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $31,285,648 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $56,988 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $295,853 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $352,841 | ExpensesNotReportedAmt |
| Expenses Subtotal | $30,932,807 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $37,195 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $4,701,135 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,738,330 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $35,671,137 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE SCHOOL'S ENDOWMENT FUND CONSISTS OF SEVERAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SUPPORT FOR THE FACULTY, SCHOLARSHIPS FOR STUDENTS, AND SUPPORT FOR CAPITAL EXPENDITURES. THE FUNDS ARE RESTRICTED BY DONORS. |
| 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, 2021. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENTS EXPENSES NETTED AGAINST REVENUE 110,978. RECLASS COST OF GOODS SOLD TO PART VIII, LINE 10B 4,487. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID & TUITION REMISSION RECLASSED TO PART IX 4,701,135. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENTS EXPENSES NETTED AGAINST REVENUE 110,978. RECLASS PLEDGES RECEIVABLE WRITE-OFF TO PART XI 180,388. RECLASS COST OF GOODS SOLD TO PART VIII, LINE 10B 4,487. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID & TUITION REMISSION RECLASSED TO PART IX 4,701,135. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | A STATEMENT OF NON-DISCRIMINATION IS INCLUDED IN THE SCHOOL'S ADVERTISING MATERIALS AND ITS WEBSITE HOMEPAGE. THE SCHOOL PARTICIPATES IN THE NJAIS NON-DISCRIMINATION POLICY ADVERTISEMENT WHICH INCLUDES THE POLICY IN A LOCAL SCHOOL ADVERTISEMENT. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GALA | Event1Nm |
| Gross Receipts Event1 | $173,695 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $33,148 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $140,547 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $51,324 | RentFacilityCostsEvent1Amt |
| Entertainment Event1 | $7,123 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $52,531 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $173,695 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $33,148 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $140,547 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $51,324 | RentFcltyCostsTotalEventsAmt |
| Entertainment Total Events | $7,123 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $52,531 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $110,978 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $29,569 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL AID | GrantTypeTxt |
| Recipient | 128 | RecipientCnt |
| Cash Grant | $4,011,405 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL FINANCIAL ASSISTANCE GIVEN TO STUDENTS IS CREDITED DIRECTLY TO THEIR TUITION ACCOUNTS. RECIPIENTS ARE CHOSEN BASED ON DEMONSTRATED FINANCIAL NEED. SEVERAL FACTORS INCLUDING INCOME, ASSETS, LIABILITIES, AND THE NUMBER OF CHILDREN IN TUITION-CHARGING SCHOOLS ARE TAKEN INTO CONSIDERATION. IN ORDER TO APPLY, FAMILIES MUST COMPLETE A THIRD-PARTY APPLICATION, AND FILE COPIES OF THE REQUIRED DOCUMENTS BY THE APPROPRIATE DEADLINES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ELIZABETH MORRISON | ||||||||||||||
| HEAD OF SCHOOL | $418,989 | $0 | $0 | $0 | $66,606 | $0 | $24,522 | $0 | $30,681 | $0 | $540,798 | $0 | $0 | $0 |
| ELIZABETH PATTERSON | ||||||||||||||
| DIRECTOR OF ADVANCEMENT | $224,809 | $0 | $0 | $0 | $2,772 | $0 | $22,930 | $0 | $27,731 | $0 | $278,242 | $0 | $0 | $0 |
| PETER CALDWELL | ||||||||||||||
| FORMER HEAD OF SCHOOL | $270,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $270,000 | $0 | $0 | $0 |
| BONI LUNA | ||||||||||||||
| DEAN OF FACULTY | $186,309 | $0 | $0 | $0 | $2,627 | $0 | $19,080 | $0 | $27,731 | $0 | $235,747 | $0 | $0 | $0 |
| RYAN LIESE | ||||||||||||||
| HEAD OF UPPER SCHOOL | $186,393 | $0 | $0 | $0 | $398 | $0 | $9,540 | $0 | $27,207 | $0 | $223,538 | $0 | $0 | $0 |
| KLARISSA KAROSEN | ||||||||||||||
| DIRECTOR OF DEI | $143,409 | $0 | $0 | $0 | $295 | $0 | $11,093 | $0 | $65,591 | $0 | $220,388 | $0 | $0 | $0 |
| PHILICIA LEVINSON | ||||||||||||||
| DIRECTOR OF HUMAN RESOURCES | $175,893 | $0 | $0 | $0 | $1,341 | $0 | $10,368 | $0 | $30,681 | $0 | $218,283 | $0 | $0 | $0 |
| PAUL FISHER | ||||||||||||||
| TECHNOLOGY TEACHER | $164,843 | $0 | $0 | $0 | $1,968 | $0 | $16,925 | $0 | $27,207 | $0 | $210,943 | $0 | $0 | $0 |
| ROBERT MITCHELL | ||||||||||||||
| DIRECTOR OF ADMISSION | $155,192 | $0 | $0 | $0 | $722 | $0 | $15,570 | $0 | $22,822 | $0 | $194,306 | $0 | $0 | $0 |
| MARK CLAR | ||||||||||||||
| DIR OF FACILITIES | $135,591 | $0 | $0 | $0 | $1,752 | $0 | $13,735 | $0 | $11,280 | $0 | $162,358 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | THE HEAD OF SCHOOL IS PROVIDED WITH A HOUSING ALLOWANCE TO ENABLE THEM TO LIVE IN CLOSE ENOUGH PROXIMITY TO THE SCHOOL TO BE AVAILABLE IN AT VARIOUS TIMES OF THE DAY AND NIGHT, AND TO MEET WITH PROSPECTIVE STUDENTS, FAMILIES, AND DONORS. THE VALUE OF THE HOUSING ALLOWANCE IS TAXABLE AND REPORTED ON THEIR W-2. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PUBLIC FINANCE AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 273866124 | BondIssuerEIN |
| CUSIP | 000000000 | CUSIPNum |
| Bond Issued | 2015-10-06 | BondIssuedDt |
| Issue Price | $9,000,000 | IssuePriceAmt |
| Purpose | REFINANCE PRIOR ISSUE FROM 2007, CONSTRUCTION OF MATH & SCIENCE BUILDING | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $8,697,173 | RetiredAmt |
| Total Proceeds | $9,000,000 | TotalProceedsAmt |
| Capital Expenditures | $7,000,000 | CapitalExpendituresAmt |
| Other Spent Proceeds | $2,000,000 | OtherSpentProceedsAmt |
| Substantial Completion | 2015 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | 0 | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash Grant | $42,840 | CashGrantAmt |
| Type Of Assistance | FINANCIAL AID | TypeOfAssistanceTxt |
| Assistance Purpose | DISCOUNTED TUITION | AssistancePurposeTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Noncash Contributions Rpt F990 | $23,938 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AVG. SELLING PRICE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt |
|---|---|---|---|
| Yes (X) | GIFT CARDS | 39 | $33,568 |
| Yes (X) | VARIOUS TICKETS | 13 | $10,890 |
| Yes (X) | AUCTION ITEMS | 5 | $2,397 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE M, PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER REPORTED IN PART I, COLUMN (B) IS THE NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION AMENDED ITS BYLAWS DURING FY24 AS FOLLOWS: - THE MAXIMUM NUMBER OF TRUSTEES WAS INCREASED TO 30. - REMOTE MEETING PARTICIPATION WAS ADDED AND ACTION BY WRITTEN CONSENT REVISED. - TRUSTEE COMMITTEES WERE REORGANIZED TO COMBINE THE AUDIT COMMITTEE AND COMPENSATION COMMITTEE AND TO REMOVE THE DEVELOPMENT COMMITTEE AS WELL AS ADD A DIVERSITY, EQUITY AND INCLUSION COMMITTEE, ADVANCEMENT COMMITTEE AND STUDENT EXPERIENCE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 11B | MORRISTOWN BEARD 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. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE HEAD OF SCHOOL AND CFO AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, A REDACTED RETURN (REMOVAL OF SCHEDULE B) IS ELECTRONICALLY SENT TO THE BOARD OF TRUSTEES IN ADVANCE OF A BOARD MEETING. AT THAT MEETING, THE CHIEF FINANCIAL OFFICER SUMMARIZES THE KEY HIGHLIGHTS OF THE FORM 990 AND ANSWERS ANY QUESTIONS PRIOR TO THE TRUSTEES VOTING TO APPROVE THE FILING OF THE FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS REGULARLY AND CONSISTENTLY MONITORED AND ENFORCED. THE PURPOSE OF THIS CONFIDENTIALITY AND CONFLICT OF INTEREST POLICY ("POLICY") IS TO PROTECT MORRISTOWN BEARD SCHOOL'S ("SCHOOL") INTERESTS WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE SCHOOL, OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. AN "INTERESTED PERSON" IS ANY DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. ANNUALLY, EACH INTERESTED PERSON MUST COMPLETE A CONFLICT OF INTEREST STATEMENT TO DISCLOSE ANY POTENTIAL CONFLICTS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION COMMITTEE OF THE BOARD USES AVAILABLE COMPENSATION STUDIES, BENCHMARKING DATA FROM RELEVANT INDUSTRY ASSOCIATIONS, AS WELL AS COMPARATIVE SCHOOL DATA GLEANED FROM FORM 990S TO DETERMINE THE SALARY FOR THE HEAD OF SCHOOL. THE BOARD OF TRUSTEES APPOINTS A TRUSTEE TO LEAD THE SEARCH COMMITTEE. THE HEAD OF SCHOOL COMPENSATION IS APPROVED BY THE BOARD. THIS PROCESS WAS LAST UNDERTAKEN IN 2023. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE HEAD OF SCHOOL IN CONSULTATION WITH THE CHIEF FINANCIAL OFFICER, USING AVAILABLE COMPENSATION STUDIES, BENCHMARKING DATA FROM RELEVANT INDUSTRY ASSOCIATIONS, AS WELL AS COMPARATIVE SCHOOL DATA GLEANED FROM FORM 990S. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. |
| PART VII, SECTION A: | PETER CALDWELL, FORMER HEAD OF SCHOOL, RECEIVED COMPENSATION REPORTED IN PART VII RELATING TO A CONSULTING AGREEMENT THAT WAS ESTABLISHED AFTER HE STEPPED DOWN FROM HIS POSITION. HE IS PROVIDING CONSULTING SERVICES ON AN AS-NEEDED BASIS TO THE SCHOOL. |
| FORM 990, PART XI, LINE 9: | UNCOLLECTIBLE PLEDGES WRITE-OFF -180,388. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Comments