2023-05-12T20:48:02-05:00 2022-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2021-07-01 221487185 FAR BROOK SCHOOL FARB 9733793442 52 GREAT HILLS ROAD SHORT HILLS NJ 07078 CHRISTOPHER BURNS TREASURER 9733793442 2023-05-12 1 CHRISTOPHER BURNS 999009999 EVA MRUK P00543254 9143818900 2023-04-26 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z AMY ZIEBARTH 52 GREAT HILLS ROAD SHORT HILLS NJ 07078 11832730 0 X WWW.FARBROOK.ORG X 1948 NJ CO-EDUCATIONAL INDEPENDENT DAY SCHOOL PROVIDING EDUCATION TO STUDENTS IN GRADES NURSERY THROUGH GRADE EIGHT. OUR PURPOSE IS TO CREATE A SUPPORTIVE AND CARING COMMUNITY THAT CHERISHES LOVE OF LEARNING CREATIVITY, AND INDIVIDUALITY. 11 10 97 50 0 0 1965858 855435 8741885 10694029 350077 223219 5444 -4138 11063264 11768545 1139919 1171578 0 0 6388380 7109828 0 0 419420 2417876 2872332 9946175 11153738 1117089 614807 27582442 26977636 6150720 6532851 21431722 20444785 X TO CREATE A SUPPORTIVE AND CARING COMMUNITY THAT CHERISHES LOVE OF LEARNING, CREATIVITY, AND INDIVIDUALITY, AND THAT PROVIDES TEACHERS AND STUDENTS WITH BOTH SUPPORT AND FREEDOM TO TAKE RISKS IN ORDER TO REACH THEIR FULL POTENTIAL. A FAR BROOK EDUCATION TAKES PLACE IN AN ENVIRONMENT OF NATURAL BEAUTY AND INTIMACY, WHERE CHARACTER AND CITIZENSHIP ARE VALUED AS MUCH AS ACHIEVEMENT. IMPLICIT IN OUR PHILOSOPHY IS THE GOAL OF BRINGING STUDENTS TO THEIR HIGHEST LEVEL OF ACADEMIC AND PERSONAL COMPETENCY, BOTH FOR THEIR PRESENT AND IN PREPARATION FOR THEIR FUTURE EDUCATION. IT IS OUR DESIRE TO TOUCH THE LIFE OF EVERY CHILD SO THAT HE OR SHE MAY LIVE LIFE WISELY AND WITH GREAT JOY. 0 0 8274045 1171578 10694029 FAR BROOK SCHOOL IS AN INDEPENDENT DAY SCHOOL LOCATED IN SHORT HILLS, NEW JERSEY. THE SCHOOL PROVIDES ELEMENTARY EDUCATION FOR BOYS AND GIRLS IN NURSERY THROUGH GRADE EIGHT. 8274045 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 62 0 97 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MINELLY SALADIN 9733793442 52 GREAT HILLS ROAD SHORT HILLS NJ 07078 MARC SCHWARTZ PRESIDENT & CHAIR 10.00 X X 0 0 0 CHRISTOPHER BURNS TREASURER 5.00 X X 0 0 0 DOAK SERGENT SECRETARY 5.00 X X 0 0 0 DIANE BAKST TRUSTEE 5.00 X 0 0 0 CARMINE FANELLE TRUSTEE 5.00 X 0 0 0 GREG HOFFMAN TRUSTEE, THRU JUNE 2022 5.00 X 0 0 0 ROBERT KELLY TRUSTEE, THRU JUNE 2022 5.00 X 0 0 0 LEAH KRONTHAL TRUSTEE, THRU JUNE 2022 5.00 X 0 0 0 KRISSY MANNELLO TRUSTEE, THRU JUNE 2022 5.00 X 0 0 0 TANYA NICHOLSON MILLER TRUSTEE 5.00 X 0 0 0 HARSH SULE TRUSTEE 5.00 X 0 0 0 RENEE SEKINO WOLFE TRUSTEE 5.00 X 0 0 0 AMY YIN TRUSTEE 5.00 X 0 0 0 JESSICA HOWE TRUSTEE/FACULTY MEMBER 40.00 X 90659 0 9066 ALICE DAVISON TRUSTEE 5.00 X 0 0 0 ADAM KEIL TRUSTEE 5.00 X 0 0 0 AMY ZIEBARTH HEAD OF SCHOOL 50.00 X 356340 0 44143 MINELLY SALADIN DIRECTOR OF FINANCE 50.00 X 182594 0 16022 SUZANNE GLATT DIRECTOR OF DEVELOPMENT 50.00 X 148522 0 27230 NICOLE ENGELKE DIRECTOR OF UPPER SCHOOL 50.00 X 163224 0 15722 MARY E LACEY DIRECTOR OF DIVERSITY 50.00 X 140984 0 13998 EMILIA ITHEN DIRECTOR OF ENROLLMENT 40.00 X 114642 0 25897 DONNA DELTZ FACULTY MEMBER, THRU JUNE 2022 45.00 X 150314 0 17442 1347279 0 169520 10 0 1 0 0 28940 826495 42830 855435 TUITION 611110 10391747 10391747 CAMP PROGRAM 611110 189438 189438 AFTER SCHOOL PROGRAM 611110 95444 95444 DIVERSITY CONFERENCE 611110 17400 17400 10694029 223826 223826 19400 0 19400 19400 19400 27776 28383 -607 -607 -607 11653 28940 35802 -24149 -24149 OTHER INCOME 900099 611 611 611 11768545 10694029 0 219081 1171578 1171578 694512 694512 4611432 3573158 812468 225806 241708 193541 35936 12231 1047651 872652 158479 16520 514525 350275 142114 22136 18782 18782 39470 39470 27775 27775 121075 80859 40216 130494 52823 15618 62053 133209 41261 72068 19880 202431 62307 130935 9189 106437 96860 9577 65953 65953 123270 75157 45472 2641 173864 173864 573240 490796 82444 57086 5135 51951 CLASSROOM SUPPLIES 334496 317721 16775 REPAIRS & MAINTENANCE 281491 253848 27643 COVID-19 EXPENSES 172599 155165 15707 1727 AFTERSCHOOL PROGRAM 98092 98092 212568 143000 22331 47237 11153738 8274045 2460273 419420 216768 552666 3460505 4092126 1380038 942098 362648 356690 264088 338278 20307786 7764951 12330111 12542835 9568284 8152943 27582442 26977636 893141 1018799 1349377 1821001 3908202 3693051 6150720 6532851 X 13235833 13182603 8195889 7262182 21431722 20444785 27582442 26977636 614807 -1601744 0 X X 0 1 X 1 0 X 747382 1922963 938891 1965858 854028 6429122 747382 1922963 938891 1965858 854028 6429122 823425 5605697 184980 220975 191385 185977 243226 1026543 29226 29652 685 5444 611 65618 7521283 44393584 0.74530 0.74470 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 29,226. 2018 AMOUNT: $ 29,652. 2019 AMOUNT: $ 685. 2020 AMOUNT: $ 5,444. 2021 AMOUNT: $ 611. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6863780 28460 -861327 179392 5851521 5668567 79000 1274003 157790 6863780 5572002 52475 193363 149273 5668567 5257789 201849 244337 131973 5572002 6074008 7366 478921 1368806 5191489 0.00000 0.76780 0.23220 0 0 73300 73300 18772703 7009635 11763068 965264 755316 209948 496519 496519 12542835 X 8289122 -1601744 -1601744 9890866 27775 1849904 1877679 11768545 9276059 0 9276059 27775 1849904 1877679 11153738 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO PRODUCE REVENUE TO HELP SUPPORT THE ORGANIZATION'S PROGRAMS AND INITIATIVES. 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 AND TUITION REMISSION RECLASSED TO PART IX 1,849,904. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION RECLASSED TO PART IX 1,849,904. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL IS A MEMBER OF THE NJ ASSOCIATION OF INDEPENDENT SCHOOLS (NJAIS). NJAIS PUBLISHES ITS RACIAL NON-DISCRIMINATORY POLICY, LISTING EACH MEMBER SCHOOL, EACH YEAR IN THE NEW JERSEY METRO DAILY NEWSPAPER. JUNE JAM 40593 28940 11653 1324 9836 12950 11692 40593 28940 11653 1324 9836 12950 11692 35802 -24149 1 SCHOLARSHIPS 47 1171578 PART I, LINE 2: SCHOLARSHIPS ARE PROVIDED BASED ON FINANCIAL NEED AND MERIT. A COMMITTEE OF THE BOARD OF TRUSTEES MEETS TO DETERMINE FUNDING. ACADEMIC PERFORMANCE OF SCHOLARSHIP RECIPIENTS IS MONITORED TO ENSURE THAT REQUIREMENTS ARE MET. SCHOLARSHIPS ARE APPLIED DIRECTLY AGAINST THE STUDENT'S ACCOUNT WHEN AWARDED. X X X X 1 0 0 0 0 0 0 1 0 AMY ZIEBARTH HEAD OF SCHOOL 315340 0 41000 0 0 0 31534 0 12609 0 400483 0 0 0 MINELLY SALADIN DIRECTOR OF FINANCE 181594 0 1000 0 0 0 9080 0 6942 0 198616 0 0 0 NICOLE ENGELKE DIRECTOR OF UPPER SCHOOL 157224 0 6000 0 0 0 15722 0 0 0 178946 0 0 0 SUZANNE GLATT DIRECTOR OF DEVELOPMENT 147522 0 1000 0 0 0 14752 0 12478 0 175752 0 0 0 DONNA DELTZ FACULTY MEMBER, THRU JUNE 2022 65314 0 0 0 85000 0 10162 0 7280 0 167756 0 0 0 MARY E LACEY DIRECTOR OF DIVERSITY 139984 0 1000 0 0 0 13998 0 0 0 154982 0 0 0 PART I, LINE 4A DONNA DELTZ RECEIVED A SEVERANCE PAYMENT INCLUDED IN HER 2021 FORM W-2 FOR $85,000. PART I, LINE 7 INDIVIDUALS REPORTED ON FORM 990, PART VII, SECTION A RECEIVED BOARD DISCRETIONARY BONUS IN THEIR 2021 FORM W-2. X 5 42830 AVG. SALES PRICE 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS A PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE AUDIT COMMITTEE AND TREASURER REVIEW THE FORM 990 AND MAKE A RECOMMENDATION TO THE BOARD TO APPROVE THE RETURN. THE BOARD IS PROVIDED A PUBLIC INSPECTION COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS (SCHEDULE B IS REDACTED FROM THE COPY REVIEWED BY THE BOARD). FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO THE BOARD OF TRUSTEES. TRUSTEES HAVE A DUTY TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST WITH THE BOARD. AFTER DISCLOSURE OF ANY CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, THE BOARD WILL MAKE A DETERMINATION ON WHETHER TO APPROVE THE CONTRACT OR TRANSACTION. A PERSON WHO HAS A CONFLICT OF INTEREST MAY NOT PARTICIPATE IN THE BOARD'S DISCUSSION ON THE MATTER, EXCEPT TO DISCLOSE MATERIAL FACTS, AND MAY NOT VOTE ON THE CONTRACT OR TRANSACTION. THE DISCUSSION AND DELIBERATION IS TO BE REFLECTED IN THE MINUTES OF THE MEETING. EACH TRUSTEE IS REQUIRED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. IN ADDITION, EACH TRUSTEE IS REQUIRED TO COMPLETE AN ANNUAL QUESTIONNAIRE TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. THE DISCLOSURE FORMS ARE PROVIDED TO THE CHAIR OF THE BOARD, WHO IS RESPONSIBLE FOR THE IMPLEMENTATION OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND DETERMINES COMPENSATION OF THE HEAD OF SCHOOL. MARKET ANALYSIS IS PERFORMED USING COMPARABILITY DATA FROM FORMS 990 OF OTHER ORGANIZATIONS AND INDUSTRY SURVEYS, INCLUDING SALARY LEVELS OF MEMBER SCHOOLS PART OF THE NEW JERSEY ASSOCIATION OF INDEPENDENT SCHOOLS. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE CONTEMPORANEOUSLY DOCUMENTED IN THE SCHOOLS' RECORDS. THE COMPENSATION OF THE DIRECTOR OF FINANCE OF THE ORGANIZATION IS REVIEWED BY THE BOARD OF TRUSTEES. COMPARABILITY DATA FROM MEMBER SCHOOLS PART OF THE NEW JERSEY ASSOCIATION OF INDEPENDENT SCHOOLS IS UTILIZED IN THE PROCESS. ANNUALLY, THE BOARD OF TRUSTEES APPROVES THE COMPENSATION INCREASES. THE APPROVAL IS DOCUMENTED IN AN EMPLOYEE AGREEMENT. THE PROCESS AS OUTLINED ABOVE WAS LAST CONDUCTED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG AND SIMILAR WEBSITES. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.