2023-05-01T09:05:49-05:00 2022-06-30 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2021-07-01 131635286 THE SPENCE SCHOOL SPEN 2122895940 22 EAST 91ST STREET NEW YORK NY 10128 BRUCE OREM DIRECTOR OF FINANCE & OP. 2122895940 2023-04-28 1 BRUCE OREM 999009999 WILLIAM EPSTEIN P01307171 2129498700 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z FELICIA A WILKS 22 EAST 91ST STREET NEW YORK NY 10128 74171769 0 X WWW.SPENCESCHOOL.ORG X 1928 NY TO PREPARE A DIVERSE COMMUNITY OF GIRLS/YOUNG WOMEN FOR THE TRANSFORMATION OF SELF AND THE WORLD. 24 24 384 200 402264 590277 7020707 9669716 45304843 48660302 20668406 2851089 -16390 1904038 72977566 63085145 7083432 7244955 0 0 36106014 37173011 5100 6750 2279240 15608919 19663296 58803465 64088012 14174101 -1002867 416454517 392567317 68195388 58401368 348259129 334165949 WITH A COMMITMENT TO ACADEMIC EXCELLENCE AND PERSONAL INTEGRITY, THE SPENCE SCHOOL PREPARES A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE. 0 0 54859211 7244955 48660302 THE SPENCE SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL PROVIDING AN EDUCATION FOR GIRLS IN GRADES KINDERGARTEN THROUGH 12. 54859211 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 130 0 384 1 1 1 1 CJ 0 0 0 0 0 0 0 0 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BRUCE OREM 2122895940 22 EAST 91ST STREET NEW YORK NY 10128 WILLIAM L JACOB III PRESIDENT 10.00 X X 0 0 0 ANAND DESAI VICE PRESIDENT 2.00 X X 0 0 0 KIMBERLY KRAVIS VICE PRESIDENT 2.00 X X 0 0 0 AKUEZUNKPA UDE WELCOME VICE PRESIDENT 2.00 X X 0 0 0 ARTHUR CHU SECRETARY 2.00 X X 0 0 0 DANA WALLACH JONES TRUSTEE 2.00 X 0 0 0 STACEY ST ROSE TRUSTEE 2.00 X 0 0 0 HEATHER BERGER TRUSTEE 2.00 X 0 0 0 HANNAH O BOZIAN TRUSTEE 2.00 X 0 0 0 MICHAEL P CLIFFORD TRUSTEE 2.00 X 0 0 0 VANESSA CORNELL TRUSTEE 2.00 X 0 0 0 ERICA DESAI TRUSTEE 2.00 X 0 0 0 JOSEPH DRAYTON TRUSTEE 2.00 X 0 0 0 CARLOS FIERRO TRUSTEE 2.00 X 0 0 0 JUDITH JOSEPH JENKINS TRUSTEE 2.00 X 0 0 0 MEREDITH RUBEL LIPSHER TRUSTEE 2.00 X 0 0 0 ALEXIS MCGILL JOHNSON TRUSTEE 2.00 X 0 0 0 BRYCE MARKUS TRUSTEE 2.00 X 0 0 0 AHRIN MISHAN TRUSTEE 2.00 X 0 0 0 C CYBELE RAVER TRUSTEE 2.00 X 0 0 0 ANYA HERZ SHIVA TRUSTEE 2.00 X 0 0 0 JAMES SHULMAN TRUSTEE 2.00 X 0 0 0 JOSE TAVAREZ TRUSTEE 2.00 X 0 0 0 DARLY WOUT TRUSTEE 2.00 X 0 0 0 ELLANOR N BRIZENDINE HEAD OF SCHOOL (THRU 6/30/22) 40.00 X 966344 0 55112 ELYSE WATERHOUSE DIR. OF FIN. & OP. (THRU 6/30/22) 40.00 X 651356 0 36410 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 40.00 X 293924 0 37067 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 40.00 X 292673 0 37067 RACHAEL FLORES HEAD OF UPPER SCHOOL 40.00 X 225763 0 41724 ERIC ZAHLER DIR. OF TEACHING / LEARNING 40.00 X 294224 0 37067 MICHELE MURPHY DIRECTOR OF CURRICULUM 40.00 X 273457 0 47993 ELIZABETH PILI CO-DIR. OF COLLEGE COUNSELING 40.00 X 262501 0 36279 CHRISTOPHER YORK INFO. SYSTEMS MANAGER 40.00 X 257038 0 36277 DANA CROWELL CO-DIR. OF COLLEGE COUNSELING 40.00 X 256431 0 42761 3773711 0 407757 114 0 1 0 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION SVCS. 7010415 GREEN ONE Q CORP PO BOX 580065 FLUSHING NY 10013 CLEANING SERVICES 646097 NEW YORK GREEN ROOFS LLC 63 MEADOW STREET BROOKLYN NY 11206 CONSTRUCTION SVCS. 391618 ZUBATKIN OWNER REPRESENTATION LLC 333 WEST 52ND STREET NEW YORK NY 10019 CONSTRUCTION MGMT. 348982 BALDOR SPECIALTY FOODS 155 FOOD CENTER DR BRONX NY 10474 FOOD SERVICES 238209 13 430829 9238887 2693966 9669716 TUITION 611710 44704755 44704755 OTHER PROGRAM SERVICE REVENUE 611710 1972981 1972981 AFTERSCHOOL PROGRAM 611710 873126 873126 STUDENT FEES 611710 772228 772228 MUSIC PROGRAM FEES 611710 337212 337212 48660302 1638043 1638043 478882 0 478882 478882 -222414 701296 12299670 11086624 1213046 1213046 569522 643524 SALE OF TRANS. DEV. RIGHTS 531390 1370000 1370000 PASS THRU GAIN-LTD PARTNERSHIPS 525990 55156 55156 1425156 63085145 50030302 402264 2982863 7244955 7244955 2650743 1959547 691196 26354245 23979642 1050818 1323785 1902260 1713308 114050 74902 4283288 3857829 256804 168655 1982475 1785556 118859 78060 314286 314286 83490 83490 6750 6750 321279 321279 1303152 977962 313335 11855 413585 126799 40543 246243 1329190 1048342 223018 57830 800331 311603 439388 49340 3105343 2560563 537511 7269 556556 510792 29140 16624 654520 374149 107323 173048 1408376 1126701 281675 6728711 5382969 1345742 607919 486335 121584 OTHER EXPENSES 1279443 655044 559520 64879 FOOD SERVICE 757115 757115 64088012 54859211 6949561 2279240 1500 1538 48555228 46713957 12058019 9468902 4439785 856428 9091 16243 996684 2572175 285307128 78647593 211248577 206659535 86594537 72329281 52054456 53095269 496640 853989 416454517 392567317 2579809 2073385 25907197 25932983 39708382 30395000 68195388 58401368 X 209160622 201645635 139098507 132520314 348259129 334165949 416454517 392567317 X -1002867 -12979378 -110935 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150331851 5188559 -10431969 5157496 139930945 109817217 2070764 42975870 4532000 150331851 90144262 21641691 2267264 4236000 109817217 88038314 989682 5047266 3931000 90144262 84878598 715693 6146023 3702000 88038314 0.06314 0.67444 0.26242 0 0 30693288 30693288 243904460 68855655 175048805 10709380 9791938 917442 206659535 HEDGE FUNDS 8700611 F PRIVATE EQUITY FUNDS 44394658 F 53095269 X 42539533 -12979378 -12979378 55518911 321279 7244955 7566234 63085145 56632713 110935 110935 56521778 321279 7244955 7566234 64088012 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF BOTH INDIVIDUAL DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE ENDOWMENT FUNDS OF THE SCHOOL ARE INTENDED TO BE USED TO SUPPORT ITS LONG-TERM MISSION. PART X, LINE 2: THE SCHOOL IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. FOR THE SCHOOL, THESE PROVISIONS COULD BE APPLICABLE TO THE INCURRENCE OF UNRELATED BUSINESS INCOME TAX ATTRIBUTABLE TO CERTAIN OF THE SCHOOL'S PASS-THROUGH INVESTMENT ACTIVITIES AND RENTAL INCOME ACTIVITIES. HOWEVER, DUE TO THE SCHOOL'S GENERAL TAX-EXEMPT STATUS, ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID WHICH WAS NETTED FOR FINANCIAL REPORTING PURPOSES. 7,244,955. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGES. 110,935. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID WHICH WAS NETTED FOR FINANCIAL REPORTING PURPOSES. 7,244,955. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES AN APPROPRIATION FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR THE PERFORMANCE OF MANDATED SERVICES AND FUNDING FOR SAFETY EQUIPMENT. IN ADDITION, THE SCHOOL RECEIVED A GRANT FROM NYC FOR SECURITY SERVICES THROUGH THE DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES (DCAS) AS PART OF THE NONPUBLIC SCHOOL SECURITY REIMBURSEMENT PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 15538338 0 0 0 0 0 0 15538338 0 15538338 0 0 0 0 1 0 PART I, LINE 3: AMOUNT REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: PART IV, LINES 5: FORM 8865: THE SCHOOL HAD AN OWNERSHIP INTEREST IN FOREIGN PARTNERSHIPS DURING THE TAX YEAR. 1 FINANCIAL AID PROVIDED TO STUDENTS 149 7244955 FAIR MARKET VALUE TUITION REDUCTION PART I, LINE 2 THE SPENCE SCHOOL REQUESTS THAT FAMILIES APPLYING FOR NEED-BASED FINANCIAL AID ANNUALLY SUBMIT THE PARENTS' FINANCIAL STATEMENTS TO SCHOOL AND STUDENT SERVICES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ("NAIS"), AS WELL AS PROVIDE COPIES OF FINANCIAL INFORMATION, SUCH AS TAX RETURNS AND W-2 FORMS. ALL GRANTS OF FINANCIAL AID ARE APPLIED TO A RECIPIENT'S OUTSTANDING TUITION CHARGES. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 ELLANOR N BRIZENDINE HEAD OF SCHOOL (THRU 6/30/22) 966344 0 0 0 0 0 41245 0 13867 0 1021456 0 0 0 ELYSE WATERHOUSE DIR. OF FIN. & OP. (THRU 6/30/22) 651356 0 0 0 0 0 23200 0 13210 0 687766 0 0 0 ERIC ZAHLER DIR. OF TEACHING / LEARNING 294224 0 0 0 0 0 23200 0 13867 0 331291 0 0 0 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 293924 0 0 0 0 0 23200 0 13867 0 330991 0 0 0 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 292673 0 0 0 0 0 23200 0 13867 0 329740 0 0 0 MICHELE MURPHY DIRECTOR OF CURRICULUM 273457 0 0 0 0 0 23200 0 24793 0 321450 0 0 0 DANA CROWELL CO-DIR. OF COLLEGE COUNSELING 256431 0 0 0 0 0 23200 0 19561 0 299192 0 0 0 ELIZABETH PILI CO-DIR. OF COLLEGE COUNSELING 262501 0 0 0 0 0 22412 0 13867 0 298780 0 0 0 CHRISTOPHER YORK INFO. SYSTEMS MANAGER 257038 0 0 0 0 0 23067 0 13210 0 293315 0 0 0 RACHAEL FLORES HEAD OF UPPER SCHOOL 225763 0 0 0 0 0 19716 0 22008 0 267487 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES HOUSING TO THE HEAD OF SCHOOL. THE HOUSING BENEFIT IS PART OF THE EMPLOYMENT CONTRACT OF THE HEAD OF SCHOOL. PART I, LINE 3 COMPENSATION: A SUBCOMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE ANNUAL COMPENSATION FOR THE HEAD OF THE SCHOOL. A COMPENSATION COMMITTEE COMPRISED OF STAFF AND BOARD MEMBERS RECOMMENDS TO THE BOARD AN OVERALL PERCENTAGE FOR COMPENSATION INCREASES. THE COMMITTEE THEN ALLOCATES TO THE SALARY SCALE FOR TEACHING STAFF. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR NON-TEACHING STAFF WITHIN THE OVERALL INCREASE APPROVED. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA. PART I, LINE 4B THE SCHOOL MAINTAINS A SECTION 457(B) DEFERRED-COMPENSATION PLAN FOR ITS HEAD OF SCHOOL. THE AMOUNT CONTRIBUTED TO THE PLAN BY THE SCHOOL WAS $19,273. A BUILD NYC RESOURCE CORPORATION 454040561 2013-09-25 14080000 EXPANSION/ACQUISITION OF SPACE 0 0 0 B BUILD NYC RESOURCE CORPORATION 454040561 2022-02-28 30395000 EXPANSION/ACQUISITION OF SPACE 0 0 0 A 14080000 14080000 310784 13769216 0 0 1 1 B 30395000 836644 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 1 A 1 B 1 SEE SUPP INFORMATION BOARD MEMBERS 108980 GRANTS FINANCIAL AID PART III, LINE 1: AS PART OF THE SCHOOL'S EFFORTS TO SUPPORT ECONOMIC DIVERSITY AND TO PROVIDE ASSISTANCE TO ANY AND ALL COMMUNITY MEMBERS WITH DEMONSTRATED NEED, DURING THE 21-22 SCHOOL YEAR, THE SCHOOL PROVIDED AN AGGREGATE OF $108,980 IN FINANCIAL AID TO FOUR BOARD OF TRUSTEES MEMBERS. X 326 2693966 COMPARABLE SALES 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED REPRESENTS THE NUMBER OF CONTRIBUTIONS. GENERAL DISCLOSURE: THE HEAD OF SCHOOL, ELLANOR BRIZENDINE, AND DIRECTOR OF FINANCE & OPERATIONS, ELYSE WATERHOUSE, RETIRED WITH AN EFFECTIVE DATE OF JUNE 30, 2022. ACCORDINGLY, THE REPLACEMENT HEAD OF SCHOOL, FELICIA A. WILKS, AND DIRECTOR OF FINANCE & OPERATIONS, BRUCE OREM, WERE HIRED EFFECTIVE JULY 1, 2022. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES ANAND DESAI AND ERICA DESAI ARE HUSBAND AND WIFE AND TRUSTEES JOSEPH DRAYTON AND STACEY ST. ROSE ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B THE FORMS 990, 990-T AND APPLICABLE STATE FILINGS ARE DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE DISTRIBUTED ANNUALLY FOR COMPLETION TO ALL TRUSTEES AND KEY EMPLOYEES AT A BOARD MEETING AND COLLECTED AT THE END OF THE MEETING. THE ASSISTANT TO THE HEAD OF SCHOOL FOLLOWS UP WITH ANY TRUSTEES WHO WERE NOT PRESENT. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED AND APPROVED BY THE OFFICERS OF THE BOARD OF TRUSTEES BASED UPON COMPARATIVE DATA PUBLISHED BY PEER SCHOOLS AND THEN RATIFIED BY THE BOARD OF TRUSTEES. THE HEAD OF SCHOOL ALSO HAS A WRITTEN EMPLOYMENT AGREEMENT. THE COMPENSATION OF THE DIRECTOR OF FINANCE AND OPERATIONS AND KEY EMPLOYEES IS REVIEWED BY THE HEAD OF SCHOOL AND THE PRESIDENT OF THE BOARD OF TRUSTEES. COMPARATIVE DATA FROM PEER SCHOOLS IS USED TO MAKE SURE COMPENSATION IS AT CURRENT MARKET RATES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THE FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGES -110,935.