2023-05-15T14:23:25-05:00 2022-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2021-07-01 131623878 ALLEN-STEVENSON SCHOOL ALLE 2122886710 132 EAST 78TH STREET NEW YORK NY 10075 DUNCAN LYON HEAD OF SCHOOL 2122886710 2023-05-15 1 DUNCAN LYON XXX-XX-XXXX EVA MRUK P00543254 9143818900 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DUNCAN LYON 132 EAST 78TH STREET NEW YORK NY 10075 48439810 0 X WWW.ALLEN-STEVENSON.ORG X 1904 NY TO PROVIDE CONTINUOUS EDUCATION FOR BOYS FROM KINDERGARTEN THROUGH 8TH GRADE. 23 20 237 223 0 0 6321027 10804583 23120435 23843121 441318 672246 49760 448615 29932540 35768565 2646797 2712537 0 0 18724757 18554442 0 0 1607158 6687559 9744881 28059113 31011860 1873427 4756705 144439542 140364026 46513826 40002427 97925716 100361599 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 19760825 2460885 21173250 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. 835451 127764 1009430 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. 463481 91695 553600 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. 2939957 32193 1132773 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. 2939957 32193 1132773 23999714 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 82 0 237 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 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 BASSEL DIRECTOR OF FINANCE 2122886710 132 EAST 78TH STREET NEW YORK NY 10075 DAVID R TROWER HEAD OF SCHOOL THRU JUNE 2022 50.00 X X 772811 0 96079 METIN NEGRIN PRESIDENT 5.00 X X 0 0 0 RONALD S ROLFE PRESIDENT EMERITUS 1.00 X X 0 0 0 ALEXANDER KLABIN VP & TREASURER 3.00 X X 0 0 0 LISA PAGLIARO SELZ SECRETARY 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 LAUREN IRWIN TRUSTEE 1.00 X 0 0 0 CHRIS JONES TRUSTEE 1.00 X 0 0 0 MONICA KEANY TRUSTEE 1.00 X 0 0 0 PETER KELLNER TRUSTEE 1.00 X 0 0 0 ALEX KLARIS TRUSTEE 1.00 X 0 0 0 CAMERON ALEX KOFFMAN TRUSTEE 1.00 X 0 0 0 RASHIDA LA LANDE TRUSTEE 1.00 X 0 0 0 COLM MACMAHON TRUSTEE 1.00 X 0 0 0 ANUPAMA POOLE TRUSTEE 1.00 X 0 0 0 AMY PECK 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 TOM UGER TRUSTEE 1.00 X 0 0 0 JAY WILKINS TRUSTEE 1.00 X 0 0 0 JAMES WILSON TRUSTEE 1.00 X 0 0 0 HYDEE BASSEL DIR., FINANCE & OPERATIONS 50.00 X 337404 0 77677 STEPHEN M WARNER HEAD OF LOWER DIVISION 40.00 X 236506 0 56170 KATHERINE DUCKWORTH-SCHACHTER DIRECTOR OF DEVELOPMENT 40.00 X 205795 0 74304 WINIFRED BARNES DIR., ORGANIZATIONAL INITIATIVES 40.00 X 221186 0 39410 STEVEN COHEN HEAD OF UPPER DIVISION 40.00 X 186502 0 30210 SARAH WOODS DIRECTOR OF COMMUNICATIONS 40.00 X 173754 0 14551 SUSAN ETESS DIRECTOR OF ADMISSIONS 40.00 X 165790 0 15077 RICHARD ALIFANO DIR., ATHLETICS/PE EDUCATION 40.00 X 203121 0 60933 ANDREW C ZEVON DIRECTOR OF TECHNOLOGY 40.00 X 221721 0 24812 GREG KNESPLER FACILITIES MANAGER 40.00 X 202142 0 17624 JACK COOLEY SCIENCE DEPARTMENT CHAIR 40.00 X 152017 0 64973 MICHELE V DEMKO MUSIC DEPARTMENT HEAD 40.00 X 186697 0 19301 3265446 0 591121 49 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICE 535351 KLIMENT HALSBAND ARCHITECTS LLP 322 EIGHTH AVENUE NEW YORK NY 10001 ARCHITECTURE SERVICES 412785 JCM ANALYTICS LLC 404 HUNT STREET DURHAM NC 27701 HEALTH CONSULTANT SERVICES 243104 PARENTE DEVELOPMENT LLC 51 W 81ST STREET APT 9D NEW YORK NY 10024 CONTRACTOR SERVICES 239400 DOMANI CONSULTING 68 WHITEHALL STREET LYNBROOK NY 11563 BUILDING CONSULTANT SERVICES 132113 7 6003142 4801441 240511 10804583 TUITION AND FEES 611710 21173250 21173250 AFTER SCHOOL PROGRAM 611710 1009430 1009430 ADMISSIONS AND FEES 611710 889409 889409 MUSIC LESSONS 611710 553600 553600 AUXILIARY PROGRAMS 611710 217432 217432 23843121 183691 183691 50705 0 50705 50705 50705 13092394 8184 12612023 0 480371 8184 488555 488555 94680 2751 91929 91929 82403 56471 25932 25932 INSURANCE SETTLEMENTS 900099 258913 258913 REFUNDS & REBATES 900099 12996 12996 OTHER REVENUE 900099 8078 8078 62 62 280049 35768565 23869053 0 1094929 2712537 2712537 2802728 1364422 849124 589182 12319849 9924014 2157163 238672 809781 663453 140813 5515 1551801 1154786 270170 126845 1070283 806028 210154 54101 160875 160875 66966 66966 35000 35000 212010 208405 3605 575615 215397 180037 180181 316458 155148 154750 6560 450505 382162 59231 9112 1798 1798 53047 45020 7067 960 983599 817649 88445 77505 3558625 2989245 284690 284690 358578 251005 93230 14343 STUDENT SERVICES 1110111 1110111 AUXILIARY PROGRAM 755653 755653 INSTRUCTIONAL EXPENSES 384591 384591 REPAIRS AND MAINTENANCE 298375 208867 77574 11934 423075 59626 361294 2155 31011860 23999714 5404988 1607158 4700807 2591744 24613222 15087321 2327133 1777014 2278213 2128376 33082 97975 234931 132233275 29842740 98234078 102390535 11884711 15856133 54012 33029 249391 231861 144439542 140364026 7091157 5866706 6263519 7585087 28224336 26400694 4934814 149940 46513826 40002427 X 92810701 95313595 5115015 5048004 97925716 100361599 144439542 140364026 X 4756705 -1894790 -426032 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X EDUCATION 0 27871757 2876675 -1230727 6335996 35000 23146709 28618326 2649501 3064826 6425896 35000 27871757 28396368 274706 110086 127834 35000 28618326 27662841 240372 759540 231385 35000 28396368 26037740 97195 1848451 285545 35000 27662841 0.79741 0.15892 0.04367 0 0 8764062 8764062 105197636 26114490 79083146 17940 17940 0 6095749 3710310 2385439 12157888 12157888 102390535 DEFERRED COMPENSATION 149940 149940 X 30763957 -1894790 -1894790 32658747 35000 3074818 3109818 35768565 28328074 63751 63751 28264323 35000 2712537 2747537 31011860 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 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 TEMPORARILY 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. 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, 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED AGAINST REVENUE 2,712,537. WRITE-OFF OF PLEDGE RECEIVABLE 362,281. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE-OFF OF PLEDGE RECEIVABLE 5,000. LOSS ON DISPOSAL OF ASSETS 58,751. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED AGAINST REVENUE 2,712,537. 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, U.S. SMALL BUSINESS ADMINISTRATION, AND U.S. TREASURY DEPARTMENT. AUCTION SPRING BENEFIT 94680 94680 2751 94680 94680 2751 2751 91929 1 FINANCIAL AID/SCHOLARSHIPS 70 2712537 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 COMMITTEE REVIEWS THE BUDGET PRIOR TO BOARD APPROVAL. IN OCTOBER, AN EMAIL NOTIFICATION IS SENT TO FAMILIES WITH A LINK TO TADS.COM ("TADS") AND PROMPTING FAMILIES TO LOG ON AND SUBMIT THROUGH TADS A FINANCIAL AID APPLICATION, 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, WHO CREATES A SPREADSHEET OF POTENTIAL SCHOLARSHIPS TO BE GRANTED TO EACH STUDENT. THE CHIEF FINANCIAL AND OPERATING OFFICER REVIEWS THE SPREADSHEET, A SUMMARY OF WHICH, IS ALSO SHARED WITH THE FINANCIAL AID COMMITTEE OF THE BOARD 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 FINANCIAL DATA SUBMITTED (AS ALL APPLICANTS MUST SUBMIT THEIR COMPLETED 1040 TAX RETURNS AND BUSINESS RETURNS IF APPLICABLE). X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DAVID R TROWER HEAD OF SCHOOL THRU JUNE 2022 770760 0 0 0 2051 0 51104 0 44975 0 868890 0 0 0 HYDEE BASSEL DIR., FINANCE & OPERATIONS 335041 0 0 0 2363 0 24053 0 53624 0 415081 0 0 0 STEPHEN M WARNER HEAD OF LOWER DIVISION 216441 0 0 0 20065 0 22175 0 33995 0 292676 0 0 0 KATHERINE DUCKWORTH-SCHACHTER DIRECTOR OF DEVELOPMENT 204092 0 0 0 1703 0 20221 0 54083 0 280099 0 0 0 RICHARD ALIFANO DIR., ATHLETICS/PE EDUCATION 201574 0 0 0 1547 0 19066 0 41867 0 264054 0 0 0 WINIFRED BARNES DIR., ORGANIZATIONAL INITIATIVES 219457 0 0 0 1729 0 20431 0 18979 0 260596 0 0 0 ANDREW C ZEVON DIRECTOR OF TECHNOLOGY 220061 0 0 0 1660 0 19925 0 4887 0 246533 0 0 0 GREG KNESPLER FACILITIES MANAGER 183084 0 0 0 19058 0 17531 0 93 0 219766 0 0 0 JACK COOLEY SCIENCE DEPARTMENT CHAIR 151194 0 0 0 823 0 13974 0 50999 0 216990 0 0 0 STEVEN COHEN HEAD OF UPPER DIVISION 185334 0 0 0 1168 0 16278 0 13932 0 216712 0 0 0 MICHELE V DEMKO MUSIC DEPARTMENT HEAD 185518 0 0 0 1179 0 16188 0 3113 0 205998 0 0 0 SARAH WOODS DIRECTOR OF COMMUNICATIONS 172834 0 0 0 920 0 14458 0 93 0 188305 0 0 0 SUSAN ETESS DIRECTOR OF ADMISSIONS 164903 0 0 0 887 0 12334 0 2743 0 180867 0 0 0 PART I, LINE 1A THE SCHOOL REIMBURSES MR. DAVID R. TROWER, AS HEAD OF SCHOOL, 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. DAVID R. TROWER DID NOT RECEIVE A DISTRIBUTION IN FY2022. PART I, LINE 4B DAVID R. TROWER, HEAD OF SCHOOL, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN 457(F). THE SCHOOL CONTRIBUTED $50,000 TO THE PLAN IN 2021. 113390 FINANCIAL AID DISCOUNTED TUITION X 18 240511 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. THIS PROCESS WAS LAST COMPLETED IN FEBRUARY 2022. 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 AT 132 EAST 78TH STREET, NEW YORK, NY 10075. FORM 990, PART XI, LINE 9: WRITE-OFF OF PLEDGE RECEIVABLE -367,281. LOSS ON DISPOSAL OF ASSETS -58,751. 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.