2022-04-13T14:07:13-05:00 2021-06-30 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2020-07-01 131635257 The Chapin School Ltd % JENNIE LEUNG C/O CHAPIN SCHL CHAP 2127442335 100 EAST END AVENUE NEW YORK NY 10028 SUZANNE FOGARTY HEAD OF SCHOOL 2125702335 2022-04-13 true SUZANNE FOGARTY 999009999 WILLIAM EPSTEIN P01307171 2129498700 2 2020 2022-09-23 18:48:47Z SUZANNE FOGARTY 100 EAST END AVENUE NEW YORK NY 10028 98064668 false X WWW.CHAPIN.EDU X 1929 NY 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. 26 25 281 400 0 0 11621526 10380640 42004557 44175804 584884 3637576 207571 214495 54418538 58408515 6233642 7155986 0 0 26038287 30060699 0 0 2666845 16873192 16702174 49145121 53918859 5273417 4489656 363091064 372266225 110860552 109702258 252230512 262563967 THE CHAPIN SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR YOUNG WOMEN IN GRADES K THROUGH 12. CHAPIN IS COMMITTED TO PREPARING YOUNG WOMEN TO THRIVE AND LEAD THROUGH THE PURSUIT OF ACADEMIC EXCELLENCE, PERSONAL INTEGRITY AND COMMUNITY RESPONSIBILITY. false false 42040987 7155986 44175804 THE SCHOOL MEETS THE EDUCATIONAL NEEDS OF 800 STUDENTS FROM KINDERGARTEN THROUGH 12TH GRADE, WITH AN INSTRUCTIONAL STAFF OF 131 AND THE ADDITIONAL SUPPORT OF 52 EMPLOYEES. GRANTS ARE GIVEN BY THE SCHOOL IN THE FORM OF FINANCIAL AID TO ELIGIBLE STUDENTS. DURING THE SCHOOL YEAR ENDED JUNE 30 2021, 168 ELIGIBLE STUDENTS WERE AWARDED SUCH SCHOLARSHIPS. 42040987 true true false false false false false false false true true true false false true true true false true false true false false false false false false false true true true false false false false false false false false false false true false false false false false false false false true 103 0 281 true false false false false false false false false false false false false X 26 25 false false false false false false false true true false false true true true true true true true true false NY X JENNIE LEUNG CO CHAPIN SCHL 2125702335 100 EAST END AVENUE NEW YORK NY 10028 Patricia Hayot Former Head of School 0.0 0.0 X 772258 0 23494 Suzanne Fogarty Head of School 40.0 0.0 X X 313084 0 93831 Marc Bogursky Chief Financial Officer 40.0 0.0 X 345437 0 42924 Natasha Brown Director of Advancement 40.0 0.0 X 300029 0 40316 MaryJo Quigley Associate Head of School 40.0 0.0 X 259483 0 39880 Mary Rafferty Head of Middle School 40.0 0.0 X 258488 0 37591 Ilana Pergam Director of Academic Programs 40.0 0.0 X 220107 0 36238 Thomas Palermo Director of Facilities 40.0 0.0 X 215987 0 38539 LeeAnn Black Chair 10.0 0.0 X X 0 0 0 Burwell Espy Schorr VICE CHAIR 5.0 0.0 X X 0 0 0 Robert Baynard Vice Chair, Finance 5.0 0.0 X X 0 0 0 Clarence Mitchell Secretary 5.0 0.0 X X 0 0 0 Alexa Bator Chae Assistant Secretary 5.0 0.0 X X 0 0 0 Denise Bailey-Castro Trustee 2.0 0.0 X 0 0 0 Dr Samantha Boardman Trustee 2.0 0.0 X 0 0 0 Melinda Cheng Trustee 2.0 0.0 X 0 0 0 James H Clark Trustee 2.0 0.0 X 0 0 0 Stephanie Coleman Trustee 2.0 0.0 X 0 0 0 Bettina Goldstein Decker Trustee 2.0 0.0 X 0 0 0 Cisco J del Valle Trustee 2.0 0.0 X 0 0 0 Christina S Diggs Trustee 2.0 0.0 X 0 0 0 Claudio Garcia Trustee 2.0 0.0 X 0 0 0 Brian J Higgins Trustee 2.0 0.0 X 0 0 0 Natalie Hutchinson Trustee 2.0 0.0 X 0 0 0 Mona Aboelnaga Kanaan Trustee 2.0 0.0 X 0 0 0 Farida Khan Trustee 2.0 0.0 X 0 0 0 Beth Kojima Trustee 2.0 0.0 X 0 0 0 Kim Karetsky Krinsky Trustee 2.0 0.0 X 0 0 0 William S Macklowe Trustee 2.0 0.0 X 0 0 0 Laurence Neubauer Trustee 2.0 0.0 X 0 0 0 Linda Gosden Robinson Trustee 2.0 0.0 X 0 0 0 Carolyn Rowan Trustee 2.0 0.0 X 0 0 0 Bara Tisch Trustee 2.0 0.0 X 0 0 0 2684873 0 352813 61 true true false JRM CONSTRUCTION MANAGEMENT LLC 242 WEST 32ND STREET NEW YORK NY 10018 CONSTRUCTION 25773737 ABM INDUSTRIES INC PO BOX 1534 NEW YORK NY 10008 ARCHITECTS 1530141 ARAMARK CORPORATION PO BOX 7790-4230 PHILADELPHIA PA 19182 FOOD SERVICE 1237449 LINEAR TECHNOLOGIES INC 259 WEST 30TH STREET NEW YORK NY 10001 DIGITAL TECHNOLOGIES 1118858 ACISCO INC 309 VISTA DRIVE JERICHO NY 11753 CONSTRUCTION 943389 24 613786 9766854 838051 10380640 TUITION INCOME 611710 43672395 43672395 TECHNOLOGY FEES 611710 283165 283165 OTHER STUDENT FEES 611710 220244 220244 44175804 754688 754688 0 0 0 0 0 42539041 39656153 2882888 2882888 2882888 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 214495 214495 214495 58408515 44390299 3637576 0 7155986 7155986 0 0 1999625 713143 843478 443004 0 22172455 17392493 3876296 903666 1742096 1304724 339378 97994 2480465 1857899 484102 138464 1666058 1247917 325251 92890 0 165260 165260 58000 58000 0 0 99221 99221 598097 436897 161200 0 1492649 161952 821094 509603 0 0 755265 616467 131778 7020 2267 1647 301 319 0 119295 2023 108817 8455 202098 165720 30315 6063 0 5744042 4710115 861606 172321 495175 406044 74276 14855 OTHER INSTRUCTIONAL EXPENSE 1413475 1413475 LUNCH ROOM EXPENSE 1660752 1660752 BUILDING AND MAINTENANCE 3699712 3033764 554957 110991 STUDENT ACTIVITIES 98522 98522 98344 98344 53918859 42040987 9211027 2666845 3448242 5904936 41445084 43138034 9100601 4675271 705399 364707 500000 0 0 0 0 0 0 0 54057 80904 335292165 71961950 240339077 263330215 50405755 34532796 15290904 18855389 0 0 0 0 1801945 1383973 363091064 372266225 11938766 11657094 0 0 6978196 7518916 89774539 88343075 0 0 0 0 0 0 0 0 2169051 2183173 110860552 109702258 X 225441509 239548620 26789003 23015347 252230512 262563967 363091064 372266225 X 4489656 6364073 -520274 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99195178 855433 9767812 43041086 66777337 113136873 921322 3710589 18573606 99195178 113041056 2144103 7122809 9171095 113136873 110382934 6347131 2548991 6238000 113041056 106680506 6635661 3474767 6408000 110382934 0.76000 0.18000 0.06000 false false 1264097 1264097 133863778 56528219 77335559 16956175 15433731 1522444 183208115 183208115 263330215 OFFSHORE HEDGE FUNDS 7448046 F OFFSHORE PORTFOLIO FUNDS 11407343 F 18855389 0 AND ANNUITY INCOME GIFTS 168376 ACCRUED BOND INTEREST 2014797 2183173 X 57517381 6364073 6364073 51153308 99221 7155986 7255207 58408515 47183926 520274 520274 46663652 99221 7155986 7255207 53918859 SCHEDULE D, PART V, LINE 4 USE OF ENDOWMENT FUNDS: 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. SCHEDULE D, 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. SCHEDULE D, PARTS XI AND XII, LINES 4B AMOUNTS INCLUDED IN FORM 990 NOT INCLUDED IN FINANCIAL STATEMENTS: SCHOLARSHIP EXPENSE $7,155,986 SCHEDULE D, PART XII, LINE 2D OTHER EXPENSE INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED IN FORM 990: BAD DEBT EXPENSE OF $520,274 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 PUBLICATION OF NONDISCRIMINATORY POLICY: 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 $613,786. Central America and the Caribbean 0 0 Investments NONE 18855389 0 0 0 0 18855389 18855389 false false false false true false Schedule F, PART IV, LINE 5 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. true STUDENT SCHOLARSHIPS 168 7155986 FMV Tuition reduction SCHEDULE I, 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 true true X X X X false true false false false false false false false Suzanne Fogarty Head of School 313084 0 0 0 0 0 82650 0 11181 0 406915 0 0 0 Marc Bogursky Chief Financial Officer 345437 0 0 0 0 0 29713 0 13211 0 388361 0 0 0 Natasha Brown Director of Advancement 300029 0 0 0 0 0 27270 0 13046 0 340345 0 0 0 Mary Rafferty Head of Middle School 258488 0 0 0 0 0 26410 0 11181 0 296079 0 0 0 MaryJo Quigley Associate Head of School 259483 0 0 0 0 0 28699 0 11181 0 299363 0 0 0 Thomas Palermo Director of Facilities 215987 0 0 0 0 0 24422 0 14117 0 254526 0 0 0 Ilana Pergam Director of Academic Programs 220107 0 0 0 0 0 23173 0 13065 0 256345 0 0 0 Patricia Hayot Former Head of School 772258 0 0 0 0 0 17904 0 5590 0 795752 0 321808 0 SCHEDULE J, 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. SCHEDULE J, PART I, LINE 4B THE SCHOOL MAINTAINS A DEFERRED COMPENSATION PLAN FOR ITS HEAD OF SCHOOL. DURING CALENDAR YEAR 2020, 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 SERIE false false false B NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 12008ELY0 2016-08-24 25000000 CIVIC FACILITY REVENUE BONDS SERIE false false false C NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 12008ENM4 2017-12-20 25000000 CIVIC FACILITY REVENUE BONDS SERIE false false false A 0 0 25000000 0 2250698 0 196838 0 0 22552464 0 0 2017 true false true true B 0 0 25000000 0 2250698 0 196838 0 0 22552464 0 0 2017 true false true true C 0 0 25000000 0 2250698 0 601868 0 0 22147434 0 0 2018 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false false false false false false 0 false 0 false true B false false false false false false 0 false 0 false true C false false false false false false 0 false 0 false true A true B true C true X 66 838051 COMPARABLE SALES false true true SCHEDULE M, PART I, LINE 9 THE AMOUNT DISCLOSED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. SCHEDULE M, PART I, LINE 32 THE SCHOOL USES CHARLES SCHWAB TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11A 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 15A AND 15B 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 AND 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 OTHER CHANGES IN NET ASSETS CONSISTS OF BAD DEBT EXPENSE OF $520,274.