2022-03-28T21:25:35-05:00 2021-06-30 SMITH & HOWARD PC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2020-07-01 581091170 The Children's School % ROSLYN BENJAMIN CHIL 4048736985 345 Tenth Street NE Atlanta GA 30309 ROSLYN BENJAMIN CFO/PRESIDENT 4048736985 2022-05-16 true ROSLYN BENJAMIN 999009999 SABRE J LINAHAN P01372980 4048746244 2022-05-16 2 2020 2022-09-23 18:48:47Z ROSLYN BENJAMIN 345 Tenth Street NE Atlanta GA 30309 13709344 false X wwww.tcsatl.org X 1970 GA THE MISSION OF THE CHILDREN'S SCHOOL IS TO ENRICH MINDS AND INSPIRE DREAMS. 16 14 121 25 0 220844 1326023 10187581 9368991 217069 289110 20045 0 10645539 10984124 1210096 1195479 0 0 6667228 6168872 0 0 406891 3003725 2894797 10881049 10259148 -235510 724976 23505965 24667730 10253712 10091585 13252253 14576145 X THE MISSION OF THE CHILDREN'S SCHOOL IS TO ENRICH MINDS AND INSPIRE DREAMS. THE CHILDREN'S SCHOOL IS A PROGRESSIVE ELEMENTARY SCHOOL SERVING STUDENTS FROM AGE 3 THROUGH EIGHTH GRADE IN A DIVERSE COMMUNITY IN MIDTOWN ATLANTA. GROUNDED IN PRINCIPLES OF EXCELLENCE, INNOVATION AND PLAY, THE CHILDREN'S SCHOOL GRADUATES PASSION-DRIVEN YOUNG ADULTS WHO LEAD LIVES OF PURPOSE IN AN INTERCONNECTED WORLD. false false 7576124 1195479 9254533 ELEMENTARY SCHOOL EDUCATION SERVICES PROVIDED TO 362 STUDENTS FROM AGE 3 - GRADE 8 FOR 175 INSTRUCTIONAL DAYS. THE CHILDREN'S SCHOOL'S CURRICULUM STRIVES TO INSTILL IN EACH CHILD THE CONFIDENCE TO TAKE RESPONSIBILITY FOR THEIR EDUCATION AT AN EARLY AGE. WE INCORPORATE A HANDS-ON APPROACH TO LEARNING, ENCOURAGING CREATIVITY AND SELF-RELIANCE. SCHOLASTIC RECORDS PROVE STUDENTS REALIZE NOT ONLY ACADEMIC POTENTIAL BUT ALSO STRENGTHENED SELF-IMAGE, EMOTIONAL SKILLS AND LIFELONG LEARNING SKILLS. 82574 100868 THE EXTENDED DAY AND SUMMER LEARNING PROGRAM (EDSL) INCLUDES DISCOVERY & EPIC OPEN UNTIL 6 PM EACH SCHOOL DAY, SERVING UP TO 60 STUDENTS; AN ENRICHMENT PROGRAM, OFFERING OVER 4 CLASSES SERVING 21 STUDENTS IN TWO SESSIONS; A VIBRANT PERFORMING ARTS PROGRAM, WITH CHORUS, BAND, TCS PLAYERS, JR. PLAYERS, AND LEGO ROBOTICS IN WHICH 118 STUDENTS PARTICIPATE. 11125 13590 TCS SUMMER CAMP OFFERS SEVERAL PROGRAMS SERVING CHILDREN FROM 3 YEARS OLD - 8TH GRADE. DISCOVERY SUMMER CAMP IS GEARED FOR STUDENTS UP TO RISING 3RD GRADERS AND IS DESIGNED TO KEEP BRAINS BUZZING AND HANDS MOVING AND IS THE PERFECT BALANCE OF PLAY AND EDUCATION. DISCOVER CAMPS OFFER 7 WEEKLY THEMED SUMMER SESSIONS, WITH APPROXIMATELY 120-150 STUDENTS PARTICIPATING IN EACH SESSION. INNOVATOR'S PLAYGROUND SERVES RISING THIRD THROUGH EIGHTH GRADERS AND IS A SPACE WHERE PLAY, PASSION AND PURPOSE CONVERGE. THE CAMPS OFFER CHALLENGE-BASED PROGRAMMING WITH ACCESS TO THE LATEST TECHNOLOGY, DESIGN THINKING AND PROJECT AND PASSION-BASED LEARNING IN 5 SESSIONS. TCS SUMMER BRIDGE CAMP IS FOR RISING KINDERGARTENERS THROUGH RISING THIRD GRADERS AND IS OPEN ONLY TO STUDENTS OF TCS. FEATURING A LOW STUDENT/TEACHER RATIO AND INDIVIDUALIZED CURRICULUM, SUMMER BRIDGE HELPS LEARNING LAST ALL SUMMER IN FOUR WEEKLY SESSIONS. 7669823 true true false false false false false false false true true false false false true true false true true false false false false false false false false false true true false false false false true false false false false false false false false false false false false true 57 0 true 121 true false false false false false true true false false false false false false X 16 14 false false false false false false false true true false false true true true true true true true true false GA X ROSLYN BENJAMIN 4048736985 345 TENTH STREET NE Atlanta GA 30309 X Nishant Mehta Head of School/President&CEO 50.0 0.0 X 181829 0 29074 Erika Ellison Asst Head - Business Operation 50.0 0.0 X 149719 0 11749 Vernon Broyles Asst Head of School for academ 50.0 0.0 X 134253 0 15664 Roslyn Benjamin HEAD OF SCHOOL/PRESIDENT & CEO 50.0 0.0 X 137300 0 9469 Nicole Butts Asst Head-School for Advanceme 50.0 0.0 X 118877 0 6050 Kathleen Cole Director of Human Resources 50.0 0.0 X 105235 0 15565 Tim Campbell Controller 50.0 0.0 X 72827 0 11579 Kristen Barnett VICE CHAIR 1.0 0.0 X 0 0 0 Cynthia Livingston BOARD MEMBER 1.0 0.0 X 0 0 0 Jane Gore SECRETARY 1.0 0.0 X 0 0 0 John Bell BOARD Chair 1.0 0.0 X 0 0 0 Jennifer Burns Board Member 1.0 0.0 X 0 0 0 Amy Hayes Board Member 1.0 0.0 X 0 0 0 Damian Kavanagh Board Member 1.0 0.0 X 0 0 0 Doris Lee Board Member 1.0 0.0 X 0 0 0 Mike Ryan Board Member 1.0 0.0 X 0 0 0 Laura Melton TREASURER 1.0 0.0 X 0 0 0 Kate Nazzaro Board Member 1.0 0.0 X 0 0 0 Ryan Greene BOARD MEMBER 1.0 0.0 X 0 0 0 Kerri Murphy BOARD MEMBER 1.0 0.0 X 0 0 0 Fabienne Lauture BOARD MEMBER 1.0 0.0 X 0 0 0 Latresa McLawhorn Ryan BOARD MEMBER 1.0 0.0 X 0 0 0 Marc Sullivan BOARD MEMBER 1.0 0.0 X 0 0 0 900040 0 99150 6 false true false TECHNICAL MANAGEMENT SERVICES 515 CARTER RD GRIFFIN GA 30224 FACILITIES MGMT 375022 INFINITY 1040 BOULEVARD SE STE H ATLANTA GA 30312 INFORMATION TECH 141553 HANOVER INSURANCE COMPANY 1 CONCOURSE PKWY NE STE700 ATLANTA GA 30328 INSURANCE 135463 3 X 0 1020234 305789 1326023 TUITION 9254533 9254533 DISCOVERY PROGRAM AND CAMP 114458 114458 9368991 31580 31580 0 0 0 0 0 2931401 51349 2725220 206181 51349 257530 257530 0 0 0 0 0 0 0 0 0 0 10984124 9368991 289110 0 1195479 1195479 0 0 477063 350928 103284 22851 0 4726658 3476930 1023321 226407 125490 92310 27169 6011 481788 354403 104307 23078 357873 263251 77480 17142 0 35486 35486 45950 45950 0 0 19183 19183 31708 1821 26318 3569 26011 5266 20745 355302 174027 107443 73832 392772 298507 94265 0 764986 581434 183552 7602 7602 0 0 32661 32661 0 655518 498194 157324 126027 96453 29574 SCHOOL ACTIVITIES 94865 94865 MATERIALS & SUPPLIES 77457 77457 BAD DEBT - TUITION 62822 15077 47745 PROFESSIONAL DEVELOPMENT 60507 37442 9809 13256 105940 48377 57563 10259148 7669823 2182434 406891 X 3554740 3962592 403472 137201 75000 620000 5434032 5628933 0 0 0 0 0 0 0 0 43827 40144 19923283 9789088 10717834 10134195 3277060 4144665 0 0 0 0 0 0 0 0 23505965 24667730 1766230 591036 0 0 6166823 7106429 0 0 0 0 0 0 1705000 1705000 0 0 615659 689120 10253712 10091585 X 12436740 13313101 815513 1263044 13252253 14576145 23505965 24667730 724976 598916 X X false true X true false X 2525398 1323089 348978 220844 1326023 5744332 0 0 2525398 1323089 348978 220844 1326023 5744332 838176 4906156 52919 58160 66373 66054 31580 275086 0 10475 421 91 0 10987 6030405 46948632 0.81357 0.76629 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3348803 55259 729162 4133224 3327171 29231 22541 30140 3348803 3147411 15241 180655 16136 3327171 6868420 7300 208442 4435 3932316 3147411 4339172 2418062 317313 93401 112726 6868420 0.86290 0.11730 0.01980 false false 895349 895349 8830041 6103183 2726858 8320813 2115020 6205793 1664854 1358659 306195 212224 212224 0 10134195 0 OTHER LIABILITIES 689120 689120 X 10505787 598916 598916 9906871 19183 1058070 1077253 10984124 9181895 9181895 19183 1058070 1077253 10259148 Schedule D, Part V, Question 4 THE CHILDREN'S SCHOOL ENDOWMENT IS INTENDED TO PROVIDE SUPPORT TO THE SCHOOL IN PERPETUITY. EACH YEAR, AT LEAST 10% OF ALL COLLECTIONS FROM THE ANNUAL FUND AND ANY CAPITAL CAMPAIGN, NET OF EXPENSES, SHALL BE DESIGNATED BY THE BOARD AS BOARD DESIGNATED ENDOWMENT FUNDS. AT THE TIME THAT THE ENDOWMENT FUND REACHES $1,000,000, AN INVESTMENT MANAGER WAS TO INVEST THE PORTFOLIO, WITH A GOAL TO PRESERVE THE REAL PURCHASING POWER OF THE ASSETS AND MAXIMIZE YIELD ON INVESTMENT WHILE DIVERSIFYING RISK. THE OBJECTIVE IS TO ATTAIN A REAL TOTAL RETURN OF AT LEAST 5% OVER THE LONG TERM. AFTER THE FUND REACHES $2,000,000, THE DISTRIBUTION OF SPENDABLE INCOME TO SUPPORT OPERATION OF THE SCHOOL WILL BE 0-5% OF THE AVERAGE MARKET VALUE FOR THE PRECEDING 12 QUARTERS. Schedule D, Part X, Question 2 TCS is a not-for-profit organization that is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Association is included in TCS's consolidated income tax return. The School annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the School meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In the normal course of business, the School is subject to examination by the federal and state taxing authorities. In general, the School is no longer subject to tax examinations for tax years ending before June 30, 2018. Schedule D, Part XI, Question 4b $1,058,070 was originally included as an expense in the revenue section of the audit, because it was the amount by which tuition income was reduced due to grants. Schedule D, Part XII, Question 4b $1,058,070 was originally included as an expense in the revenue section of the audit, because it was the amount by which tuition income was reduced due to grants. true true true true true true true false false false false false false false false false false true Schedule E, Question 3 NONDISCRIMINATORY POLICY IS PUBLISHED IN VARIOUS LOCAL NEWSPAPERS AND JOURNALS DURING THE PERIOD OF SOLICITATION FOR STUDENTS. THE POLICY IS ALSO PUBLISHED ON THE ORGANIZATION'S WEBSITE AND IN ADMISSION BROCHURES. true Need Based Financial Assistance 106 1195479 FMV Financial Aid Schedule I, Part I, Question 2 The Children's School uses TADS to calculate need of individuals who apply. From this information, we add information the family provides directly to the school on our form. In addition, we require the individuals to provide copies of tax returns, W-2's, 1099's and any other income form. Based on need, we award financial aid, giving priority to returning students. X X X X X false true false false false false false true false Nishant Mehta Head of School/President&CEO 151424 30405 19605 9903 211337 Erika Ellison Asst Head - Business Operation 142800 6300 619 4577 8043 162339 Schedule J, Part I, Question 4b The Children's School maintains a nonqualified plan for key employees. Total expense the year ending June 30, 2021 was $12,000. This amount was reported as deferred compensation. Schedule J, Part I, Question 7 The Children's School executive committee assesses performance each year based on assessment criteria. Based on this evaluation, the board awards a bonus, based on performance, with a cap of the total amount that can be awarded. Board Member 5000 FINANCIAL AID FINANCIAL ASSISTANCE Form 990, Part VI, Question 11B The Children's School Head of School and finance committee reviewed the Form 990 in its entirety. The Board is given access to the tax return prior to filing. Form 990, Part VI, Question 12C The Children's School has a written conflict of interest policy that is updated and signed by all employees, trustees and major independent contractors annually. Copies of this policy are kept in the business officer's office. Form 990, Part VI, Question 15a & 15b THE COMPENSATION FOR THE HEAD OF THE SCHOOL IS SET BY CONTRACT AND IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS USES BOARD SOURCE, AND THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) BENCHMARKING REPORTS TO DETERMINE IF THE COMPENSATION IS COMPETITIVE. IN ADDITION, THE BOARD REVIEWS THE SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS AND LOCAL COMPETITIVE SCHOOL SALARIES AND BENEFITS BY COMPARING OTHER COMPENSATION THROUGH THE 990 REPORTING ON GUIDESTAR. THE HEAD OF SCHOOL SETS THE SALARIES FOR THE BUSINESS MANAGER, THE ASSOCIATE HEAD OF SCHOOL AND THE DIRECTOR OF HUMAN RESOURCES. THESE SALARIES ARE REVIEWED AGAINST COMPARABLE SCHOOLS THROUGH GUIDESTAR AND BENCHMARKING THROUGH NAIS. Form 990, Part VI, Question 19 The Children's School maintains its governing documents, conflict of interest policy and financial statement on site in the Business Managers office. These documents are made available to the public, school's donors, bank officers, and parents for review in the office upon request. Form 990, Part VIII, Line 1e IN APRIL 2020, THE SCHOOL OBTAINED A SMALL BUSINESS ADMINISTRATION LOAN UNDER THE PAYCHECK PROTECTION PROGRAM ("PPP") IN THE AMOUNT OF $1,020,234. THE PPP LOAN BORE INTEREST AT 1.00% AND FOLLOWED THE REPAYMENT TERMS OUTLINED BY THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITIES ACT (THE "CARES ACT") AND THE PAYCHECK PROTECTION PROGRAM FLEXIBILTY ACT ("PPPFA"). IN AUGUST 2021, THE SCHOOL OBTAINED PPPFA LOAN FORGIVENESS AND RECOGNIZED THE FUNDS AS REVENUE IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. Form 990, Part XII, Line 2b, Consolidation For tax purposes, The Children's School is consolidated with a disregarded association, The Children's School Parents' Association, and treated as one, combined legal entity.