2023-05-04T14:04:06-05:00 2022-06-30 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2021-07-01 132751872 DALTON SCHOOLS INC DALT 2124235200 108 EAST 89TH STREET NEW YORK NY 10128 MICHAEL HWANG CFO 2124235460 2023-05-02 1 MICHAEL HWANG 999009999 CANDICE METH P01306891 2129498700 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MICHAEL HWANG 108 EAST 89TH STREET NEW YORK NY 10128 121935887 0 X WWW.DALTON.ORG X 1919 NY TO PROVIDE AN EXCELLENT EDUCATION THAT MEETS EACH STUDENT'S INTERESTS, ABILITIES AND NEEDS. 27 25 603 100 149269 144161 8370380 11407279 72923753 74503350 3424933 11770353 2435318 715094 87154384 98396076 12159542 12337371 0 0 56969135 50127329 0 0 2715455 26809044 31201307 95937721 93666007 -8783337 4730069 268184018 246644269 47756273 45199498 220427745 201444771 THE DALTON SCHOOL IS COMMITTED TO PROVIDING AN EXCELLENT EDUCATION THAT MEETS EACH STUDENT'S INTERESTS, ABILITIES AND NEEDS AND PROMOTES AN APPRECIATION FOR DIVERSITY IN OUR COMMUNITY AS AN INTEGRAL PART OF SCHOOL LIFE. 0 0 81144758 12337371 74503350 EDUCATIONAL INSTRUCTION FOR APPROXIMATELY 1,300 STUDENTS IN VARIOUS CLASSES FROM KINDERGARTEN THROUGH TWELFTH GRADE. 612327 MISCELLANEOUS SCHOOL ACTIVITIES 81144758 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 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 1 151 0 1 603 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL HWANG CFO 2124235460 108 EAST 89TH STREET NEW YORK NY 10128 ALAN KLEIN TRUSTEE 2.00 0.00 X 0 0 0 ALEXANDER ROBINSON TRUSTEE 2.00 0.00 X 0 0 0 ALICIN WILLIAMSON TRUSTEE 2.00 0.00 X 0 0 0 ALY JEDDY PRESIDENT 10.00 0.00 X X 0 0 0 ANDREAS DRACOPOLOUS TRUSTEE 2.00 0.00 X 0 0 0 ANNE-CARMENE ALMONORD TRUSTEE 2.00 0.00 X 0 0 0 ASHLEY SMYTH TRUSTEE 2.00 0.00 X 0 0 0 BECKA VARGUS KATZ TRUSTEE 2.00 0.00 X 0 0 0 BENJAMIN TENOVER TRUSTEE 2.00 0.00 X 0 0 0 BRUCE MENIN SECRETARY 2.00 0.00 X X 0 0 0 BRYNJA SIGURDARDOTTIR PA PRESIDENT 2.00 0.00 X 0 0 0 DEIDRE STANLEY TRUSTEE 2.00 0.00 X 0 0 0 DURRE NABI TRUSTEE 2.00 0.00 X 0 0 0 ELLEN C STEIN INTERIM HEAD OF SCHOOL 40.00 0.00 X X 472504 0 55615 EMILY MINDEL GOTTLIEB DALTON COUNCIL CHAIR 2.00 0.00 X 0 0 0 ERICA KLEIN TRUSTEE 2.00 0.00 X 0 0 0 ISHAAN SETH TRUSTEE 2.00 0.00 X 0 0 0 JAMES SIMMONS TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER GLASSMAN TREASURER 2.00 0.00 X X 0 0 0 JOANNA STONE HERMAN ALUMNI COUNCIL PRESIDENT 2.00 0.00 X 0 0 0 JOHN CLARK TRUSTEE 2.00 0.00 X 0 0 0 MARK CHAN TRUSTEE 2.00 0.00 X 0 0 0 ROB SPEYER TRUSTEE 2.00 0.00 X 0 0 0 RONNIE ABRAMS TRUSTEE 2.00 0.00 X 0 0 0 SHEREE CHIOU TRUSTEE 2.00 0.00 X 0 0 0 SHIRA KOHN FACULTY REP & TEACHER 40.00 0.00 X 83322 0 38742 TIM BARAKETT TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL HWANG ASST HOS FOR OPERATIONS AND CFO 40.00 0.00 X 458359 0 57122 CELESTE HERRERA ASST HOS FOR CURRICULUM AND HS DIR 40.00 0.00 X 385670 0 53820 EMILY KASOF CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 286637 0 67150 GILLIAN TODD FIRST PROGRAM DIRECTOR 40.00 0.00 X 246571 0 32964 TRACY FEDONCHIK DIRECTOR OF MIDDLE SCHOOL 40.00 0.00 X 265084 0 64954 EDWARD FRISCHLING DIRECTOR OF ATHLETICS 40.00 0.00 X 323690 0 67648 ELISABETH KRENTS DIRECTOR OF ADMISSIONS 40.00 0.00 X 252421 0 65464 JAMES BEST HEAD OF SCHOOL 20.00 0.00 X 896583 0 45335 JOHN NEIERS DIRECTOR OF TECHNOLOGY 40.00 0.00 X 277558 0 52226 MARSHA YUAN DIRECTOR OF FINANCE 40.00 0.00 X 339031 0 25334 4287430 0 626374 179 0 1 0 SCHULTE ROTH & ZABEL LLP 919 THIRD AVENUE NEW YORK NY 10022 LEGAL SERVICES 183160 JOSEPHINE DIAZ PHD 382 CENTRAL PARK WEST NEW YORK NY 10025 PSYCHOLOGIST 132075 NIXON PEABODY LLP 275 BROADHOLLOW ROAD SUITE 300 MELVILLE NY 117474808 LEGAL SERVICES 106752 3 472207 3228445 7706627 383021 11407279 TUITION REVENUE 611710 73015225 73015225 AFTER SCHOOL PROGRAMS 611710 870493 870493 DRIVER EDUCATION 611710 382711 382711 SUMMER SPORTS PROGRAM 611710 234921 234921 74503350 2960739 149269 2811470 196653 93886 102767 102767 102767 31946379 15387 23152152 0 8794227 15387 8809614 8809614 293773 472207 293773 0 MISCELLANOUS SCHOOL ACTIVITIES 611710 317976 317976 MISCELLANEOUS INCOME 900088 294351 294351 612327 98396076 75115677 149269 11723851 12337371 12337371 2968134 1174072 1504612 289450 33229714 29158528 3190857 880329 3630326 3042093 470914 117319 7534768 6313887 977386 243495 2764387 2387982 296212 80193 452843 452843 85400 85400 135352 135352 2178992 1957863 138128 83001 3568023 2800444 194161 573418 772405 523937 202799 45669 2104473 1988915 110487 5071 1712262 1563378 147431 1453 456345 456345 5511728 4917326 403196 191206 596831 532466 43660 20705 REPAIRS AND MAINTENANCE 7816896 6986027 563596 267273 MISCELLANEOUS EXPENSES 3008838 2946447 241594 -179203 STUDENT CAFETERIA 2451801 2187390 179355 85056 MEMBERSHIP DUES 230707 220991 2804 6912 118411 105641 8662 4108 93666007 81144758 9805794 2715455 17975914 18859781 10019454 12400475 9124715 6470612 740302 431307 825040 1450593 180888193 85166806 100280896 95721387 79162431 71974738 49510014 38734844 545252 600532 268184018 246644269 13205005 12029636 20035512 20873534 14515756 12296328 47756273 45199498 X 106377100 102707402 114050645 98737369 220427745 201444771 268184018 246644269 X 4730069 -23419991 -293052 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 138691899 2309462 -11800377 6090927 123110057 110683129 4534514 28609962 5135706 138691899 109294320 5820753 396511 4828455 110683129 106669887 4035425 3867669 5278661 109294320 101883187 4931570 9500617 9645487 106669887 0.31000 0.61000 0.08000 0 0 4361429 4361429 158555310 68878147 89677163 14987850 13877822 1110028 2983604 2410837 572767 95721387 OFFSHORE HEDGE FUNDS 32625158 F PRIVATE SECURITIES 6109686 F 38734844 X 62597248 -23419991 93886 -23326105 85923353 135352 12337371 12472723 98396076 81580222 386938 386938 81193284 135352 12337371 12472723 93666007 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF VARIOUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, CONSISTING OF BOTH BOARD DESIGNATED AND DONOR-RESTRICTED ENDOWMENT FUNDS. THE PURPOSES OF ALL OF THESE FUNDS INCLUDE SCHOLARSHIPS, STUDENT SUPPORT, FACULTY SUPPORT, AS WELL AS FACILITY UPGRADE AND MAINTENANCE. 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, RELATING 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 THE PASS-THROUGH INCOME AND LOSSES ON ITS ALTERNATIVE INVESTMENTS. 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 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE NETTED AGAINST REVENUE PER FORM 990 93,886. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE PER FINANCIAL STATEMENTS AND REPORTED AS PART OF EXPENSES IN FORM 990. 12,337,371. PART XII, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN RESERVE OF UNCOLLECTIBLE PLEDGES REPORTED AS "OTHER CHANGES IN NET ASSETS" ON FORM 990, PART XI, LINE 9. 293,052. RENTAL EXPENSE NETTED AGAINST REVENUE PER FORM 990 93,886. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE PER FINANCIAL STATEMENTS AND REPORTED AS PART OF EXPENSES IN FORM 990. 12,337,371. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENTS AND SCHOOL PUBLICATIONS WHICH MAY BE INSPECTED AT THE SCHOOL'S PREMISES. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES AN ANNUAL GRANT FROM NYS MANDATED SERVICES AND RECEIVED A ONE-TIME PAYMENT THROUGH THE CARES ACT. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 32625158 0 0 0 0 0 0 32625158 0 32625158 1 0 0 0 1 0 PART I, LINE 3: AMOUNT REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. PART III ACCOUNTING METHOD: DALTON BENEFIT 765980 472207 293773 293773 765980 472207 293773 293773 293773 0 1 FINANCIAL AID PROVIDED TO STUDENTS 272 12337371 FMV TUITION REDUCTION PART I, LINE 2: THE FINANCIAL AID COMMITTEE REVIEWS ALL APPLICATIONS FOR FINANCIAL AID. AFTER REVIEW OF APPLICATIONS, THE COMMITTEE DETERMINES THE AMOUNT OF AID THAT IS APPROPRIATE. THE COMMITTEE IS MADE UP OF SENIOR MANAGEMENT AND STAFF SUPPORT. ALL GRANTS OR FINANICAL AID ARE AUTOMATICALLY APPLIED TO TUITION. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 JAMES BEST HEAD OF SCHOOL 896583 0 0 0 0 0 39900 0 5435 0 941918 0 0 0 ELLEN C STEIN INTERIM HEAD OF SCHOOL 472504 0 0 0 0 0 36743 0 18872 0 528119 0 0 0 MICHAEL HWANG ASST HOS FOR OPERATIONS AND CFO 458359 0 0 0 0 0 26100 0 31022 0 515481 0 0 0 CELESTE HERRERA ASST HOS FOR CURRICULUM AND HS DIR 385670 0 0 0 0 0 36743 0 17077 0 439490 0 0 0 EDWARD FRISCHLING DIRECTOR OF ATHLETICS 323690 0 0 0 0 0 36743 0 30905 0 391338 0 0 0 MARSHA YUAN DIRECTOR OF FINANCE 339031 0 0 0 0 0 23619 0 1715 0 364365 0 0 0 EMILY KASOF CHIEF ADVANCEMENT OFFICER 286637 0 0 0 0 0 36743 0 30407 0 353787 0 0 0 TRACY FEDONCHIK DIRECTOR OF MIDDLE SCHOOL 265084 0 0 0 0 0 33983 0 30971 0 330038 0 0 0 JOHN NEIERS DIRECTOR OF TECHNOLOGY 277558 0 0 0 0 0 35184 0 17042 0 329784 0 0 0 ELISABETH KRENTS DIRECTOR OF ADMISSIONS 252421 0 0 0 0 0 34322 0 31142 0 317885 0 0 0 GILLIAN TODD FIRST PROGRAM DIRECTOR 246571 0 0 0 0 0 31247 0 1717 0 279535 0 0 0 SCHEDULE J, PARTS I AND II COMPENSATION OF OFFICERS AND KEY EMPLOYEES WERE REVIEWED BY THE BOARD OF TRUSTEES USING COMPARABLE DATA AND CERTAIN OUTSIDE ORGANIZATIONS. THE HEAD OF SCHOOL'S COMPENSATION INCLUDED A HOUSING ALLOWANCE OF $66,000. THE SCHOOL MAINTAINS A DEFERRED COMPENSATION PLAN UNDER SECTION 457(B) OF THE INTERNAL REVENUE CODE FOR ITS KEY EMPLOYEES. THE SCHOOL DID NOT CONTRIBUTE TO THE 457(B) PLAN DURING CALENDAR YEAR 2021. X 54 383021 PUBLISHED MARKET QUOTES 0 1 1 PART I, COLUMN (B): REPRESENTS THE NUMBER OF CONTRIBUTIONS BY DONORS TO THE SCHOOL DURING THE FISCAL-YEAR. PART I, LINE 32B: THE SCHOOL ENGAGES AN OUTSIDE BROKER TO SELL DONATED SECURITIES ON THEIR BEHALF. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE AUDIT COMMITTEE. UPON APPROVAL, A NOTIFICATION IS SENT TO THE BOARD OF TRUSTEES, AND THE DRAFT OF THE FORM 990 IS DISTRIBUTED FOR A DETERMINED PERIOD OF TIME ON THE SECURE DALTON BOARD OF TRUSTEES INTRANET-SITE AND IS THEN APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE ASKED TO COMPLETE A FORMAL CONFLICT OF INTEREST FORM/QUESTIONNAIRE. THIS IS DONE ONCE A YEAR. THE FORMS ARE KEPT BY THE HEAD OF SCHOOL. THE HEAD OF SCHOOL AND THE COMPLETE BOARD REVIEW THE FORMS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL WAS REVIEWED BY THE BOARD USING COMPARABLE DATA FOR BENCHMARKING PURPOSES. THE SCHOOL'S COMMITTEE ON ADMINISTRATIVE COMPENSATION AND EQUITY ("CACE") REVIEWS ALL SALARIES OF ADMINISTRATIVE STAFF AT THE END OF EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND THE FINANCIAL STATEMENTS ARE AVAILABLE AT THE OFFICES OF THE DALTON SCHOOL UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS - INCREASE RESERVE FOR UNCOLLECTIBLE PLEDGES -293,052.