2023-05-03T13:42:41-05:00 2022-06-30 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2021-07-01 131635257 THE CHAPIN SCHOOL LTD CHAP 2127442335 100 EAST END AVENUE NEW YORK NY 10028 JAY MATHEWS CFO 2127442335 2023-05-03 1 JAY MATHEWS 999009999 WILLIAM EPSTEIN P01307171 2129498700 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z JAY MATHEWS 100 EAST END AVENUE NEW YORK NY 10028 110762667 0 X WWW.CHAPIN.EDU X 1929 NY THE CHAPIN SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR YOUNG WOMEN IN GRADES K THROUGH 12. 20 20 277 450 0 0 10380640 12565125 44175804 47012098 3637576 4310387 214495 49177 58408515 63936787 7155986 7676109 0 0 30060699 27874854 0 0 3076228 16702174 28496938 53918859 64047901 4489656 -111114 372266225 363404258 109702258 109313229 262563967 254091029 THE CHAPIN SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR YOUNG WOMEN IN GRADES K-12. CHAPIN'S COMMITTED TO PREPARING YOUNG WOMEN TO THRIVE/LEAD THROUGH THE PURSUIT OF ACADEMIC EXCELLENCE. 0 0 50104429 7676109 47061275 THE SCHOOL MEETS THE EDUCATIONAL NEEDS OF 808 STUDENTS FROMKINDERGARTEN THROUGH 12TH GRADE, WITH AN INSTRUCTIONAL STAFF OF129 AND THE ADDITIONAL SUPPORT OF 52 EMPLOYEES. GRANTS ARE GIVENBY THE SCHOOL IN THE FORM OF FINANCIAL AID TO ELIGIBLE STUDENTS.DURING THE SCHOOL YEAR ENDED JUNE 30 2022, 171 ELIGIBLE STUDENTSWERE AWARDED SUCH SCHOLARSHIPS. 50104429 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 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 83 0 1 277 0 0 1 CJ 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X JENNIE LEUNG CO CHAPIN SCHOOL 2125704984 100 EAST END AVENUE NEW YORK NY 10028 SUZANNE FOGARTY HEAD OF SCHOOL 40.00 0.00 X X 645160 0 45542 LEEANN BLACK CHAIR 10.00 0.00 X X 0 0 0 BURWELL ESPY SCHORR VICE CHAIR 5.00 0.00 X X 0 0 0 KIM KARETSKY KRINSKY VICE CHAIR, FINANCE 5.00 0.00 X X 0 0 0 CLARENCE MITCHELL SECRETARY 5.00 0.00 X X 0 0 0 ALEXA BATOR CHAE ASSISANT SECRETARY 5.00 0.00 X X 0 0 0 DENISE BAILEY-CASTRO TRUSTEE 2.00 0.00 X 0 0 0 DR SAMANTHA BOARDMAN TRUSTEE 2.00 0.00 X 0 0 0 MELINDA CHENG TRUSTEE 2.00 0.00 X 0 0 0 JARED COHEN TRUSTEE 2.00 0.00 X 0 0 0 STEPHANIE COLEMAN TRUSTEE 2.00 0.00 X 0 0 0 BETTINA GOLDSTEIN DECKER TRUSTEE 2.00 0.00 X 0 0 0 CISCO J DEL VALLE TRUSTEE 2.00 0.00 X 0 0 0 CHRISTINA S DIGGS TRUSTEE 2.00 0.00 X 0 0 0 CLAUDIO GARCIA TRUSTEE 2.00 0.00 X 0 0 0 BRIAN J HIGGINS TRUSTEE 2.00 0.00 X 0 0 0 NATALIE HUTCHINSON TRUSTEE 2.00 0.00 X 0 0 0 MONA ABOELNAGA KANAAN TRUSTEE 2.00 0.00 X 0 0 0 BETH KOJIMA TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM S MACKLOWE TRUSTEE 2.00 0.00 X 0 0 0 BARA TISCH TRUSTEE 2.00 0.00 X 0 0 0 MARC BOGURSKY THRU SEPT 2021 CHIEF FINANCIAL OFFICER 40.00 0.00 X 276648 0 41768 NATASHA BROWN DIRECTOR OF ADVANCEMENT 40.00 0.00 X 221675 0 36322 MARY JO QUIGLEY ASSOCIATE HEAD OF SCHOOL 40.00 0.00 X 279221 0 43453 MARY RAFFERTY HEAD OF MIDDLE SCHOOL 40.00 0.00 X 277293 0 41036 ILANA PERGAM DIRECTOR OF ACADEMIC PROGRAMS 40.00 0.00 X 237694 0 37290 THOMAS PALERMO DIRECTOR OF FACILITIES 40.00 0.00 X 234736 0 38468 2172427 0 283879 71 0 1 0 JRM CONSTRUCTION MANAGEMENT LLC 242 WEST 32ND STREET NEW YORK NY 10018 CONSTRUCTION 12122627 ARAMARK CORPORATION PO BOX 419860 DALLAS TX 75397 FOOD SERVICE 1872106 ABM INDUSTRIES INC PO BOX 419860 BOSTON MA 02241 MAINTENANCE 1722785 AUSTIN & CO INC 20 CORPORATE WOODS BLVD ALBANY NY 12211 INSURANCE 655529 SITE SAFETY LLC 29 WEST 38TH STREET NEW YORK NY 10018 CONSTRUCTION 612119 5 1606158 10958967 514569 12565125 TUITION INCOME 611710 46377400 46377400 OTHER STUDENT FEES 611710 366498 366498 TECHNOLOGY FEES 611710 268200 268200 47012098 923497 923497 50212770 46825880 3386890 3386890 3386890 OTHER INCOME 900099 49177 49177 49177 63936787 47061275 0 4310387 7676109 7676109 797600 280000 307600 210000 21105941 15915157 4175660 1015124 2030500 1501322 415607 113571 2425018 1793023 496357 135638 1515795 1120757 310256 84782 286928 286928 78150 78150 122345 122345 1216624 705810 510814 1257093 139562 778192 339339 608757 517455 86144 5158 2302 958 175 1169 134595 15925 65700 52970 2191281 1796851 328692 65738 13717100 11248022 2057565 411513 674777 553317 101217 20243 BUILDING AND MAINTENANC 3672304 3011289 550846 110169 OTHER INSTRUCTIONAL EXP 2027241 2027241 LUNCH ROOM EXPENSE 1929016 1929016 STUDENT ACTIVITIES 225585 225585 352840 352840 64047901 50104429 10867244 3076228 5904935 5057579 43138034 24486803 4675271 5586596 364707 1067981 0 0 0 0 80904 344203 346429153 85679050 263330215 260750103 34532796 40469741 18855389 24397265 0 0 1383974 1243987 372266225 363404258 11657094 12667020 0 0 7518916 7584401 88343075 86911611 0 0 0 0 0 0 0 0 2183173 2150197 109702258 109313229 X 239548620 232237685 23015347 21853344 262563967 254091029 372266225 363404258 X -111114 -8161824 -200000 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66777337 589268 -3766242 2253319 65853682 99195178 855433 9767812 43041086 66777337 113136873 921322 3710589 18573606 99195178 113041056 2144103 7122809 9171095 113136873 110382934 6347131 2548991 6238000 113041056 0.79000 0.18000 0.03000 0 0 1264097 1264097 320027739 69467382 250560357 17831287 16211668 1619619 7306030 7306030 260750103 OFFSHORE HEDGE FUNDS 11536111 F OFFSHORE PORTFOLIO FUNDS 12861154 F 24397265 DEFERRED REVENUE OF POOLED LIFE AND ANNUITY INCOME GIFTS 135400 ACCRUED BOND INTEREST 2014797 2150197 X 47976509 -8161824 -8161824 56138333 122345 7676109 7798454 63936787 56449447 200000 200000 56249447 122345 7676109 7798454 64047901 PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUNDS PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT, WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT. PART X, LINE 2: INCOME TAX UNCERTAINTIES: THE SCHOOL IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE SCHOOL'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT ANTICIPATED TO HAVE, A MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 7,676,109. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 200,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 7,676,109. 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 MAKES ALL INTERESTED PARTIES AWARE OF ITS NONDISCRIMINATION POLICY THROUGH NEWSPAPER ADVERTISEMENT, BROCHURES AND OTHER MEDIA. SCHEDULE E, PART I, LINE 6A ASSISTANCE FROM GOVERNMENT: THE SCHOOL RECEIVED FINANCIAL ASSISTANCE FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR MANDATED SERVICES. THE FINANCIAL ASSISTANCE AMOUNTED TO $1,606,158 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 24397264 0 0 0 0 0 0 24397264 0 24397264 0 0 0 0 1 0 PART II, LINE 1 ACCOUNTING METHOD: FOREIGN INVESTMENTS: THE SCHOOL MAINTAINS INVESTMENTS IN FOREIGN PARTNERSHIPS. ALL RELATED FILINGS FOR THESE INVESTMENTS ARE COMPLETED APPROPRIATELY AND FILED ON A TIMELY BASIS, WHEN REQUIRED. THE FOREIGN INVESTMENTS NOTED ON SCHEDULE F, PART I, LINE 3 ARE REPORTED BASED AT THEIR FAIR VALUE USING THE ACCRUAL METHOD IN ACCORDANCE WITH U.S. GAAP. PART III ACCOUNTING METHOD: 1 STUDENT SCHOLARSHIPS 171 7676109 FMV TUITION REDUCTION PART I, LINE 2: THE CHAPIN SCHOOL SUPPORTS ECONOMIC DIVERSITY THROUGH A FINANCIAL AID PROGRAM, AVAILABLE TO STUDENTS AT ALL GRADE LEVELS. THE PROGRAM, BASED SOLELY ON NEED, IS AVAILABLE TO ACADEMICALLY QUALIFIED STUDENTS. THE CHAPIN SCHOOL BELIEVES THAT THE PRIMARY FINANCIAL RESPONSIBILITY FOR A CHILD'S EDUCATION RESTS WITH THE PARENTS, TO THE FULL EXTENT THAT THEY ARE ABLE. THE GOAL OF THE FINANCIAL AID PROGRAM IS TO OFFSET THE DIFFERENCE BETWEEN THE COST OF ATTENDANCE AND A FAMILY'S AVAILABLE FINANCIAL RESOURCES. ADMISSIONS DECISIONS ARE MADE WITHOUT REGARD TO FINANCIAL NEED. LIKE MOST INDEPENDENT SCHOOLS, CHAPIN USES THE STANDARDIZED CALCULATION DERIVED BY THE SCHOOL AND STUDENT SERVICE ("SSS") FOR FINANCIAL AID, A DIVISION OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, TO CALCULATE A FAMILY'S CONTRIBUTION TO THE COST OF A CHAPIN EDUCATION. THIS SYSTEM CONSIDERS GROSS TAXABLE AND NON-TAXABLE INCOME, ASSETS, LIABILITIES, FAMILY SIZE AND THE NUMBER OF STUDENTS IN TUITION-CHARGING SCHOOLS OR COLLEGES. AFTER AN ALLOWANCE FOR BASIC NECESSITIES AND REQUIRED TAXES, THE REMAINING FUNDS ARE CONSIDERED AVAILABLE FOR EDUCATION ON A SLIDING SCALE. EVERY FAMILY APPLYING FOR FINANCIAL AID BEGINS BY COMPLETING THE PARENTS' FINANCIAL STATEMENT (PFS). THE DATA IN THIS APPLICATION IS ANALYZED BY SSS AND A RECOMMENDATION OF FAMILY CONTRIBUTION IS REPORTED TO CHAPIN AND TO THE FAMILY. THE CHAPIN SCHOOL WILL REVIEW, RE-ANALYZE AND, IF NECESSARY, RE-COMPUTE THIS RECOMMENDATION IN ACCORDANCE WITH SCHOOL POLICIES, GEOGRAPHICAL LOCATION, COST-OF-LIVING DIFFERENCES, AND OTHER FACTORS TO DETERMINE THE AWARDS. X X X 0 0 X X X X 0 1 0 0 0 0 0 0 0 SUZANNE FOGARTY HEAD OF SCHOOL 645160 0 0 0 0 0 33416 0 12126 0 690702 0 0 0 MARY JO QUIGLEY ASSOCIATE HEAD OF SCHOOL 279221 0 0 0 0 0 31327 0 12126 0 322674 0 0 0 MARC BOGURSKY THRU SEPT 2021 CHIEF FINANCIAL OFFICER 276648 0 0 0 0 0 32687 0 9081 0 318416 0 0 0 MARY RAFFERTY HEAD OF MIDDLE SCHOOL 277293 0 0 0 0 0 28910 0 12126 0 318329 0 0 0 ILANA PERGAM DIRECTOR OF ACADEMIC PROGRAMS 237694 0 0 0 0 0 25164 0 12126 0 274984 0 0 0 THOMAS PALERMO DIRECTOR OF FACILITIES 234736 0 0 0 0 0 26342 0 12126 0 273204 0 0 0 NATASHA BROWN DIRECTOR OF ADVANCEMENT 221675 0 0 0 0 0 24196 0 12126 0 257997 0 0 0 PART I, LINE 1A COMPENSATION: THE COMPENSATION COMMITTEE OF THE TRUSTEES DETERMINES THE ANNUAL INCREASE FOR THE HEAD OF THE SCHOOL. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR OTHER EMPLOYEES. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA. HOUSING: CHAPIN REQUIRES ITS HEAD OF SCHOOL TO USE A SCHOOL OWNED RESIDENCE TO CONDUCT SCHOOL RELATED BUSINESS AND TO HOST FREQUENT SCHOOL RELATED ACTIVITIES FOR THE CONVENIENCE OF THE SCHOOL. PART I, LINE 4B THE SCHOOL MAINTAINS A DEFERRED COMPENSATION PLAN FOR ITS HEAD OF SCHOOL. DURING CALENDAR YEAR 2021, THE SCHOOL CONTRIBUTED $50,000 TO THIS PLAN. A NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 12008ELX2 2016-08-24 25000000 CIVIC FACILITY REVENUE BONDS SERIES 0 0 0 B NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 12008ELY0 2016-08-24 25000000 CIVIC FACILITY REVENUE BONDS SERIES 0 0 0 C NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 12008ENM4 2017-12-20 25000000 CIVIC FACILITY REVENUE BONDS SERIES 0 0 0 A 25000000 2250698 196838 22552464 2017 1 0 1 1 B 25000000 2250698 196838 22552464 2017 0 0 1 1 C 25000000 2250698 601868 22147434 2018 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 X 62 514569 COMPARABLE SALES 0 1 1 PART I, COLUMN (B): THE AMOUNT DISCLOSED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: THE SCHOOL USES CHARLES SCHWAB TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990: THE AUDIT COMMITTEE OF THE BOARD CONFERS WITH THE CHIEF FINANCIAL OFFICER TO REVIEW THE FORM 990 AND ITS REQUIRED ATTACHMENTS AND SCHEDULES. A THOROUGH REVIEW OF ALL FINANCIAL AND NARRATIVE INFORMATION IS UNDERTAKEN TO MAKE SURE ALL REPORTS AND SCHEDULES REFLECT THE ACTUAL OPERATING RESULTS OF THE SCHOOL FOR THE MOST RECENTLY COMPLETED FISCAL YEAR. A FINAL DRAFT COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO ITS FILING. AFTER REVIEW, THE CHIEF FINANCIAL OFFICER FILES THE COMPLETED RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: TRUSTEES AND PROFESSIONAL STAFF ARE REQUIRED TO ATTEST ANNUALLY TO THEIR FAMILIARITY WITH THE SCHOOL'S POLICIES AND PROVIDE INFORMATION CONCERNING ANY POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION: THE COMPENSATION COMMITTEE OF THE TRUSTEES DETERMINES THE ANNUAL INCREASE FOR THE HEAD OF THE SCHOOL. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR OTHER EMPLOYEES. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA. FORM 990, PART VI, SECTION C, LINE 18 PUBLIC INSPECTION: THE SCHOOL MAKES ITS FORM 990, CHAR500, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST, OR THOSE SAME FORMS MAY BE OBTAINED THROUGH WWW.CHARITIESNYS.COM AND WWW.GUIDESTAR.ORG. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE DISTRIBUTED INTERNALLY AND ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC INSPECTION: THE SCHOOL MAKES ITS FORM 990, CHAR500, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST, OR THOSE SAME FORMS MAY BE OBTAINED THROUGH WWW.CHARITIESNYS.COM AND WWW.GUIDESTAR.ORG. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE DISTRIBUTED INTERNALLY AND ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE OF -200,000.