2023-05-12T13:04:09-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2021-07-01 210688891 CHAPIN SCHOOL CHAP 6099242449 4101 PRINCETON PIKE PRINCETON NJ 08540 BARBARA PASTERIS HEAD OF SCHOOL 6099242449 2023-05-12 1 BARBARA PASTERIS 999009999 BRIDGET HARTNETT P01429163 9739949494 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z BARBARA PASTERIS 4101 PRINCETON PIKE PRINCETON NJ 08540 9316212 0 X WWW.CHAPINSCHOOL.ORG X 1951 NJ CHAPIN SHARES A COMMITMENT TO EACH CHILD'S ACADEMIC, EMOTIONAL, ETHICAL, CREATIVE, PHYSICAL, AND SOCIAL DEVELOPMENT. IN SMALL CLASSES THAT PROMOTE ACTIVE LEARNING, DEDICATED FACULTY CREATE ENVIRONMENTS WHERE CRITICAL THINKING, EFFECTIVE COMMUNICATION, CREATIVITY AND CURIOSITY FLOURISH. ENCOUNTERING CHALLENGES THAT LEAD TO SUCCESS, STUDENTS DEVELOP A POSITIVE SENSE OF SELF. A STRONG COMMITMENT TO CHAPIN'S FIVE VIRTUES (RESPECT, RESPONSIBILITY, HONESTY, KINDNESS, AND PERSEVERANCE) FOSTER AN ENVIRONMENT FOR CHARACTER DEVELOPMENT THAT COMPLEMENTS OUR RIGOROUS ACADEMIC PROGRAMS. 17 17 89 40 0 0 1171373 1107612 6946214 6889460 104809 314844 38325 100062 8260721 8411978 1843343 1352282 0 0 4815187 4633344 0 0 171047 2256976 2545393 8915506 8531019 -654785 -119041 21220613 19531579 10369432 9329698 10851181 10201881 X CHAPIN IS DEDICATED TO THE BELIEF THAT LIFELONG HABITS OF THE MIND AND HEART ARE FORMED IN THE ELEMENTARY AND MIDDLE SCHOOL YEARS. CHAPIN PROVIDES A RICHLY TEXTURED EDUCATION THAT INSPIRES ACADEMIC ACHIEVEMENT AND BUILDS STRENGTH OF CHARACTER. WITHIN A DIVERSE, CARING AND SUPPORTIVE COMMUNITY, WE PREPARE OUR STUDENTS TO MEET THE FUTURE WITH SKILL, CONFIDENCE, DETERMINATION AND GENEROSITY OF SPIRIT. 0 0 7074838 1352282 6889460 CHAPIN PROVIDES A RICHLY TEXTURED EDUCATION THAT INSPIRES ACADEMIC ACHIEVEMENT AND BUILDS STRENGTH OF CHARACTER. WITHIN A DIVERSE, CARING AND SUPPORTIVE COMMUNITY, WE PREPARE OUR STUDENTS TO MEET THE FUTURE WITH SKILL, CONFIDENCE, DETERMINATION AND GENEROSITY OF SPIRIT. THROUGH A STEAM CROSS-DISCIPLINARY CURRICULUM, ENRICHED MATH AND LANGUAGE ARTS, AND DISCUSSION BASED CLASSES; CHAPIN SHARES A COMMITMENT TO EACH CHILD'S ACADEMIC, EMOTIONAL, ETHICAL, CREATIVE, PHYSICAL, AND SOCIAL DEVELOPMENT -- FROM EXPLORERS THROUGH GRADE 8. 7074838 1 1 0 0 0 0 0 0 0 1 1 0 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 14 0 1 89 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X THE ORGANIZATION 6099242449 4101 PRINCETON PIKE PRINCETON NJ 08540 CHRISTINA FOGLIO TRUSTEE EMERITUS 2.00 X 0 0 0 PHIROZE RAO CHARTER TRUSTEE 4.00 X 0 0 0 BEN BICKFORD CHARTER TRUSTEE 2.00 X 0 0 0 CHETAN BHARGIRI TREASURER 4.00 X X 0 0 0 PAUL ALFIERI TRUSTEE 2.00 X 0 0 0 MICHELLE BAJWA TRUSTEE 2.00 X 0 0 0 RAY CABOT TRUSTEE 2.00 X 0 0 0 NORA ELDESSOUKY TRUSTEE 2.00 X 0 0 0 GEORGE MCCLELLAN PRESIDENT 4.00 X X 0 0 0 TED GOLFINOPOULOS TRUSTEE 2.00 X 0 0 0 MARYANNE QUINN SECRETARY 4.00 X X 0 0 0 JOY IRIZARRY TRUSTEE 2.00 X 0 0 0 GURRAJ SANGHA TRUSTEE 2.00 X 0 0 0 DAVID TAI TRUSTEE 2.00 X 0 0 0 JODI DESAI EX-OFFICIO MEMBER 2.00 X 0 0 0 THEO CHENG TRUSTEE 2.00 X 0 0 0 JAMES WALTERS VICE PRESIDENT 2.00 X X 0 0 0 STACEY SHAH TRUSTEE 2.00 X 0 0 0 PETER WILBY TRUSTEE EMERITUS 2.00 X 0 0 0 BARBARA PASTERIS HEAD OF SCHOOL 50.00 X 228690 0 24264 MARK LEDERER DIRECTOR OF TECHNOLOGY & C 45.00 X 122500 0 20434 MINNIE DESHPANDE DIRECTOR OF FINANCE 45.00 X 103500 0 7711 454690 0 52409 3 0 1 0 TUSTIN MECHANICAL SERVICES 408 BLOOMFIELD DR STE 1 W BERLIN NJ 08091 HEATING & AIR CONDITIONING 130330 COMMERCIAL CLEANING CORPORATION 311 N CLINTON AVE TRENTON NJ 08638 CUSTODIAL 124121 2 9135 1098477 46914 1107612 TUITION 611110 6766617 6766617 AFTER SCHOOL PROGRAM 611110 31594 31594 PARENT ASSOCIATION 611110 20583 20583 CLUBS 611110 12460 12460 LUNCH PROGRAM 611110 11445 11445 46761 46761 6889460 144291 144291 36035 0 36035 36035 36035 1065141 894588 170553 170553 170553 11285 9135 9646 1639 1639 MISCELLANEOUS 900099 62388 62388 62388 8411978 6889460 0 414906 1352282 1352282 251895 213065 31624 7206 3379425 2858862 433707 86856 159064 134372 15853 8839 573011 484063 57109 31839 269949 228045 26904 15000 4500 4500 28525 28525 21979 21979 158123 158123 46847 46847 9003 1695 6969 339 118997 95590 22644 763 136771 129932 6839 29872 26411 3324 137 223081 223081 967630 778578 189052 70727 2039 68688 REPAIRS & MAINTENANCE 448124 358499 89625 SUPPLIES 101506 101506 AUXILLARY 92774 2997 89777 OTHER EXPENSES 85564 35604 29892 20068 1370 1370 8531019 7074838 1285134 171047 1301510 1175017 370954 436421 610577 354575 17168 16409 14128 0 5316 5352 28681565 14000380 15533630 14681185 3367330 2713189 149431 21220613 19531579 472822 493262 1832092 2003407 6834691 6576626 1229827 256403 10369432 9329698 X 8139977 7863109 2711204 2338772 10851181 10201881 21220613 19531579 X -119041 -831540 301281 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2259319 27906 4831 2282394 1710455 527539 120137 98812 2259319 3004431 33508 1327484 1710455 3585363 15117 72588 668637 3004431 3456970 1053593 176768 1101968 3585363 0.02000 0.98000 0 0 2069196 2069196 22378542 9755932 12622610 692048 689202 2846 3470319 3485933 -15614 71460 69313 2147 14681185 CAPITAL LEASE OBLIGATIONS 2587 LINE OF CREDIT, NET OF CLOSING COSTS 253816 256403 X 6629146 -443259 25042 9646 -408571 7037717 21979 1352282 1374261 8411978 7278446 25042 96646 121688 7156758 1374261 1374261 8531019 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO FURTHER THE MISSION AND PROGRAMS OF THE ORGANIZATION IN ACCORDANCE WITH DONOR RESTRICTIONS. PART X, LINE 2: THE SCHOOL FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING 2022. AT JUNE 30, 2022, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 9,646. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,352,282. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 9,646. BAD DEBT 87,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,352,282. INVESTMENT FEES 21,979. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 YES, THE ORGANIZATION HAS PUBLICIZED ITS POLICY THROUGH AN OUTSIDE ORGANIZATION, THE NJAIS, THAT HANDLES THE BROADCAST. AUCTION 11285 11285 6564 RUNATHON 9135 9135 3082 20420 9135 11285 9646 9646 1639 1 FINANCIAL AID TO STUDENTS 81 1352282 FMV FINANCIAL AID TO STUDENTS PART I, LINE 2: GRANTS ARE REDUCTIONS OF TUITION OWED TO THE SCHOOL BY STUDENTS. NO FUNDS ARE RELEASED. NEED BASED SCHOLARSHIPS ARE CREDITED TO INDIVIDUAL STUDENT ACCOUNTS,REDUCING THE AMOUNT DUE. RECIPIENTS ARE REQUIRED TO FILE A FINANCIAL STATEMENT WITH AN INDEPENDENT AGENCY WHO EVALUATES THE STATEMENT AND MAKES A RECOMMENDATION TO THE SCHOOL OF THE AMOUNT OF SCHOLARSHIP THE APPLICANT SHOULD RECEIVE. THE SCHOOL CONSIDERS THE RECOMMENDATION TOGETHER WITH THE TOTAL FUNDS AVAILABLE FOR SCHOLARSHIPS AND MAKES AWARDS ACCORDINGLY BASED UPON THE NEED OF THE STUDENT AND THE AVAILABILITY OF FUNDS. X X 0 0 0 0 0 0 0 0 0 BARBARA PASTERIS HEAD OF SCHOOL 228690 0 0 0 0 0 15000 0 9264 0 252954 0 0 0 A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 2016-02-19 8200000 REFINANCE EXISTING LOAN FOR SCHOOL ADDITION 0 0 0 A 8200000 115520 8084750 2015 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 A 0 X 1 11871 FMV X SECURITY CAMERA 1 33529 FMV X COMPUTER EQUIPMENT 1 1514 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE SCHOOL, WHO ARE PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED AT THE SCHOOL, ARE INVITED TO ATTEND ANNUAL MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES REVIEWS THE SCHOOL'S AUDITED FINANCIAL STATEMENTS AND FORM 990. THE REVIEW IS ASSIGNED BY THE BOARD OF TRUSTEES TO THE BOARD'S FINANCE COMMITTEE, WHICH APPROVES THE FINANCIAL STATEMENTS AND THE FORM 990 UPON SUCCESSFUL COMPLETION. THE FULL BOARD RECEIVES COPIES OF FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE TRUSTEES REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN THE CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES THE HEAD OF SCHOOL'S COMPENSATION, WHO ESTABLISHES AN ACCEPTABLE COMPENSATION RANGE FOR THE OFFICERS BASED UPON INFORMATION OBTAINED FROM COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 388,281. BAD DEBT -87,000. FORM 990, PART XII, LINE 2C, OVERSIGHT OF AUDIT NO CHANGE IN ITS OVERSIGHT PROCESS OR SELECTION PROCESS FROM THE PRIOR YEAR.