2023-05-12T22:01:36-05:00 2022-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2021-07-01 113752853 GRACE CHURCH SCHOOL GRAC 2124755609 86 FOURTH AVENUE NEW YORK NY 100035232 SUSAN AUSTIN CFO 2124755609 2023-05-12 1 SUSAN AUSTIN 999009999 MAGDALENA CZERNIAWSKI P00535099 2125038800 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z SUSAN AUSTIN 86 FOURTH AVENUE NEW YORK NY 100035232 88661648 0 X WWW.GCSCHOOL.ORG X 2005 NY TO PROVIDE EXEMPLARY EDU. FOR CHILDREN REFLECTING ETHNIC, RELIGIOUS, AND SOCIO-ECONOMIC DIVERSITY. 27 27 367 100 0 0 5674483 4616358 42329558 47803943 4240658 117859 232967 70875 52477666 52609035 9515475 10017918 0 0 27379341 28897927 0 0 1354964 23164077 19490568 60058893 58406413 -7581227 -5797378 124238513 112611792 88082222 86796722 36156291 25815070 TO PROVIDE EXEMPLARY EDUCATION FOR CHILDREN REFLECTING THE ETHNIC, RELIGIOUS, AND SOCIO-ECONOMIC DIVERSITY OF NEW YORK CITY AND BEYOND, REGARDLESS OF A FAMILY'S ABILITY TO PAY TUITION. 0 0 52682827 10017918 47810354 GRACE CHURCH SCHOOL SEEKS A STUDENT BODY REFLECTIVE OF THE ETHNIC, RELIGIOUS, AND SOCIO-ECONOMIC DIVERSITY OF NEW YORK CITY AND BEYOND. A STRUCTURED CURRICULUM, ENRICHED WITH BROAD OPPORTUNITIES FOR CREATIVE EXPRESSION, AIMS TO DEVELOP IN EACH CHILD MENTAL KEENNESS, PHYSICAL CONFIDENCE, PLEASURE IN LEARNING, AND THE SKILLS BASIC TO UNDERSTANDING ONE'S SELF AND THE WORLD. THE STUDY OF LITERATURE, MATHEMATICS, LANGUAGE, SCIENCE, HISTORY, VISUAL AND THE PERFORMING ARTS, AND PARTICIPATION IN PHYSICAL EDUCATION AND ATHLETICS ARE INTEGRATED WITHIN THE CURRICULUM. 52682827 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 55 0 1 367 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X SUSAN AUSTIN CFO 2124755609 86 FOURTH AVENUE NEW YORK NY 100035232 ANN MELLOW VICE CHAIR 2.00 X X 0 0 0 ANNE TILNEY TRUSTEE 1.00 X 0 0 0 BARBARA SIBLEY TRUSTEE 1.00 X 0 0 0 CAMILLE ORME TRUSTEE 1.00 X 0 0 0 DAMIAN ZUNINO TRUSTEE 1.00 X 0 0 0 DAVID HELLER TRUSTEE 1.00 X 0 0 0 DOMINIQUE SCHULTE SECRETARY 1.00 X X 0 0 0 DONNA GARBAN TRUSTEE 1.00 X 0 0 0 DOUGLAS ARMER TRUSTEE 1.00 X 0 0 0 ELIZABETH KIPP-GIUSTI TRUSTEE 1.00 X 0 0 0 FELICIA WASHINGTON TRUSTEE 1.00 X 0 0 0 FOLAKE OLOGUNJA TRUSTEE (OUTGOING) 1.00 X 0 0 0 GEORGE MAJOROS VICE CHAIR 1.00 X X 0 0 0 GREG GUSHEE TRUSTEE 1.00 X 0 0 0 JAN ABERNATHY TRUSTEE 1.00 X 0 0 0 JASON SLIBECK TRUSTEE 1.00 X 0 0 0 JIM BEST TRUSTEE 1.00 X 0 0 0 KENJI YOSHINO TRUSTEE 1.00 X 0 0 0 KIRBY CHIN TRUSTEE 1.00 X 0 0 0 MARGARET CROTTY TRUSTEE 1.00 X 0 0 0 MARTHA HIRSCHMAN TRUSTEE 1.00 X 0 0 0 MELANIE WESTON TRUSTEE 1.00 X 0 0 0 MONICA LAI TRUSTEE 1.00 X 0 0 0 NAOMI NWOSU-STEWART TRUSTEE 1.00 X 0 0 0 OLIVIA DOUGLAS CHAIR (OUTGOING) 3.00 X X 0 0 0 RENEE NOEL TRUSTEE 1.00 X 0 0 0 RICHARD BUERY TRUSTEE 1.00 X 0 0 0 TED GOLDTHORPE TRUSTEE 1.00 X 0 0 0 TOM GENIESSE TREASURER (OUTGOING) 2.00 X X 0 0 0 VALERIE TOSCANO TRUSTEE 1.00 X 0 0 0 YOO JIN KIM TRUSTEE (OUTGOING) 1.00 X 0 0 0 GEORGE DAVISON HEAD OF SCHOOL 40.00 X 705499 0 61261 SUSAN AUSTIN CHIEF FINANCIAL OFFICER 40.00 X 238638 0 30403 ROBBIE PENNOYER ASSISTANT HEAD OF SCHOOL 40.00 X 186302 0 26880 COURTNEY ARCHER BUCKMIRE CHIEF ADVANCEMENT OFFICER 40.00 X 235600 0 20826 HUGO MAHABIR DIRECTOR OF HIGH SCHOOL 40.00 X 231304 0 42641 JOHANNA E OHARE CONTROLLER 40.00 X 178315 0 9178 MARGERY HELLMOLD DIRECTOR OF ADMISSIONS 40.00 X 197527 0 39043 MELANIE WHITE DIR OF COLLEGE COUNSELING 40.00 X 235971 0 39472 2209156 0 269704 85 0 1 0 SCHULTE ROTH & ZABEL LLP 919 3RD AVE NEW YORK NY 10022 LEGAL SERVICES 478612 B & S CLEANING SERVICES 16 ARDEN ST NEW YORK NY 10040 CLEANING SERVICES 288732 CARNEY SANDOE & ASSOCIATES 200 HIGH STREET SUITE 610 BOSTON MA 02110 EDUCATIONAL CONSULTANT 148983 3 806233 98172 3711953 710896 4616358 TUITION AND TRIP FEES 611710 45226955 45226955 FORFEITED TUITION & OTHER FEES 611710 2028637 2028637 ANCILLARY REVENUE 611710 494251 494251 APPLICATION FEES 611710 54100 54100 47803943 132657 132657 105901 0 105901 105901 105901 35469489 35484287 -14798 -14798 -14798 526889 806233 568326 -41437 -41437 MISCELLANEOUS INCOME 900099 6411 6411 6411 52609035 47810354 0 182323 10017918 10017918 1593121 1497523 95598 21075995 19508554 872707 694734 1637261 1458930 134643 43688 2990184 2619506 288093 82585 1601366 1372160 184495 44711 793667 793667 68200 68200 672520 552931 111691 7898 1732319 1588148 88943 55228 7635847 7578617 44895 12335 751702 751702 171016 160266 10750 1390439 1317626 57119 15694 2343449 2220729 96269 26451 437274 406449 21906 8919 FOOD COSTS 1672359 1526384 78582 67393 INTERNSHIPS AND FACULTY 484827 484827 BAD DEBT EXP. 367645 367645 STAFF REC. AND DEV. 333916 306844 16871 10201 635388 443591 2268 189529 58406413 52682827 4368622 1354964 6152 6174 15229768 13703760 4640522 3034378 990250 1864863 137991 145080 84535965 33316982 53169887 51218983 34335743 18654756 13218007 21437674 2510193 2546124 124238513 112611792 7441925 4156306 18917522 21007748 44252801 42880441 17469974 18752227 88082222 86796722 X 24396507 16797865 11759784 9017205 36156291 25815070 124238513 112611792 -5797378 -4543843 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47656173 971034 -4652559 3149770 40824878 39467406 2004432 11677649 5493314 47656173 39928419 1234244 -178757 1516500 39467406 37630614 1888982 2062023 1653200 39928419 35553391 1210642 2318881 958500 493800 37630614 0.78720 0.21280 1 0 1000000 1000000 22353028 8853142 13499886 32296940 9827109 22469831 8824071 8118013 706058 20061926 6518718 13543208 51218983 GOLDMAN SACHS 6035795 F MAKENA 3831446 F OTHER ALTERNATIVES 1597401 F SEG PARTNERS 7313799 F SEG PARTNERS II 2659233 F 21437674 DEFERRED RENT 18752227 18752227 X 37979074 -4543843 -10017918 -14561761 52540835 68200 68200 52609035 48320295 0 48320295 68200 10017918 10086118 58406413 PART V, LINE 4: THE ENDOWMENT FUND PROVIDES AN ANNUAL INCOME OF 4.5% OF ITS MARKET VALUE AS OF THE PREVIOUS DECEMBER 31 FOR THE SUPPORT OF OPERATIONS, INCLUDING PROVIDING FINANCIAL AID TO CERTAIN STUDENTS. PART X, LINE 2: THE SCHOOL BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022, IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE -10,017,918. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE 10,017,918. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GRACE CHURCH SCHOOL PUBLISHES ITS NONDISCRIMINATORY POLICY ANNUALLY IN A NEWSPAPER/WEBSITE, AND ON THE ADMISSIONS APPLICATION. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED FINANCIAL AID FROM NEW YORK CITY DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES. AUCTION BENEFIT 1333122 806233 526889 24272 57622 2343 484089 1333122 806233 526889 24272 57622 2343 484089 568326 -41437 1 STUDENT FINANCIAL AID 214 10017918 FMV NEEDS-BASED FINANCIAL AID PART I, LINE 2: THE SCHOOL GRANTED NEEDS-BASED FINANCIAL AID TO 214 STUDENTS DURING THE YEAR ENDED JUNE 30, 2022. PARENTS ARE REQUIRED TO FILL OUT AN APPLICATION DEPICTING THEIR FINANCIAL POSITION ALONG WITH COPIES OF THEIR TAX RETURNS AND THE AMOUNT OF AID THEY ARE REQUESTING. A FINANCIAL AID COMMITTEE REVIEWS THE APPLICATIONS AND AWARDS THE GRANTS BASED ON VARIOUS CRITERIA. FUNDS ARE APPLIED TO NEEDED OUTSTANDING TUITION BILLS, THEREFORE, NO ADDITIONAL MONITORING IS REQUIRED. X 1 1 X X X 0 0 0 0 0 0 0 0 0 GEORGE DAVISON HEAD OF SCHOOL 703213 0 0 0 2286 0 46560 0 14701 0 766760 0 0 0 MELANIE WHITE DIR OF COLLEGE COUNSELING 235833 0 0 0 138 0 22971 0 16501 0 275443 0 0 0 HUGO MAHABIR DIRECTOR OF HIGH SCHOOL 230908 0 0 0 396 0 27939 0 14702 0 273945 0 0 0 SUSAN AUSTIN CHIEF FINANCIAL OFFICER 238224 0 0 0 414 0 12870 0 17533 0 269041 0 0 0 COURTNEY ARCHER BUCKMIRE CHIEF ADVANCEMENT OFFICER 235540 0 0 0 60 0 6774 0 14052 0 256426 0 0 0 MARGERY HELLMOLD DIRECTOR OF ADMISSIONS 197131 0 0 0 396 0 24991 0 14052 0 236570 0 0 0 ROBBIE PENNOYER ASSISTANT HEAD OF SCHOOL 184016 0 0 0 2286 0 9996 0 16884 0 213182 0 0 0 JOHANNA E OHARE CONTROLLER 178225 0 0 0 90 0 8628 0 550 0 187493 0 0 0 PART I, LINE 1A GEORGE DAVISON RECEIVES A FIXED HOUSING ALLOWANCE FOR $90,000 UNDER HIS EMPLOYMENT CONTRACT AND IS INCLUDED IN PART II, (B)(III). A BUILD NYC RESOURCE CORPORATION 454040561 2017-09-20 49778355 SEE PART VI 0 0 0 A 7060242 49778355 38778355 421823 10538177 40000 2018 1 0 0 1 A 0 1 1 1 0 0.02200 0.02200 0 0 1 A 0 1 1 0 1 0 0 0 1 A 1 PART I(F): THE BONDS WERE ISSUED TO MAKE A LOAN TO THE BORROWER TO FINANCE THE CAPITAL PROJECTS AND FOR THE REISSUANCE OF THE SERIES 2013 BONDS (DATED 7/1/13). PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2(B): THE CURRENT REFUNDING PORTION OF THE BOND ISSUE HAS MET THE 6-MONTH EXCEPTION TO REBATE. X 15 226807 FMV X AUCTION ITEMS 94 484089 FMV 0 1 0 PART I, LINE 30B: THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THEN IT IS DISTRIBUTED TO THE AUDIT COMMITTEE AND MADE AVAILABLE TO THE FULL BOARD FOR REVIEW AT THE FOLLOWING FULL BOARD MEETING PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE DISTRIBUTED AT THE ANNUAL BOARD MEETING BY THE SECRETARY. THEY ARE SIGNED BY ALL VOTING MEMBERS, SENIOR ADMIN STAFF, DEPARTMENT AND DIVISION HEADS. THE BOARD FORMS ARE THEN REVIEWED FOR ANY POTENTIAL CONFLICT OF INTEREST ISSUES THAT MIGHT ARISE. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S CONTRACT IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND COMPARED TO A TWO BENCHMARK OF COMPARABLE SCHOOLS UPON RENEWAL OF CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 A PRINTED COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.