2022-05-02T11:01:50-05:00 2021-06-30 BKD LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2020-07-01 135653140 CORLEARS SCHOOL % ROBERT F FANTAUZZI CORL 2127412800 324 WEST 15TH STREET NEW YORK NY 10011 ROBERT FANTAUZZI DIRECTOR 2127412800 2021-09-28 true Robert Fantauzzi 999009999 Aaron Shapiro P01333816 2128674000 3 2020 2022-09-23 18:48:47Z ROBERT FANTAUZZI 324 WEST 15TH STREET NEW YORK NY 10011 8480680 false X WWW.CORLEARSSCHOOL.ORG X 1970 NY TO OPERATE A NON-PROFIT PRIVATE SCHOOL FOR STUDENTS AGED 2-10. 15 15 66 25 0 833801 2480626 6906995 5854599 6283 2539 120929 116286 7868008 8454050 1588596 1484328 0 0 4584109 4695906 0 0 212959 1691715 2052505 7864420 8232739 3588 221311 13299928 11947470 9739740 8165971 3560188 3781499 CORLEARS STUDENTS LEARN, PLAY AND GROW TOGETHER IN A SCHOOL DESIGNED FOR WHO THEY ARE AT AGES 2 THROUGH 10. DURING THESE CRUCIAL FORMATIVE YEARS, WE BUILD A FOUNDATION OF COMPASSION, CRITICAL THINKING, IMAGINATION AND LEADERSHIP, AND CULTIVATE A JOY AND CONFIDENCE IN LEARNING THAT SERVES OUR GRADUATES THROUGHOUT THEIR LIVES. false false 5876299 1484328 5854599 CORLEARS SCHOOL IS AN INDEPENDENT SCHOOL FOR STUDENTS AGED 2-10. IT PROVIDES NURSERY THROUGH FIFTH GRADE EDUCATIONAL SERVICES. CORLEARS SERVED 123 STUDENTS DURING THE 20-21 SCHOOL YEAR WITH A MISSION AS CORLEARS STUDENTS LEARN, PLAY AND GROW TOGETHER IN A SCHOOL DESIGNED FOR WHO THEY ARE. DURING THESE CRUCIAL FORMATIVE YEARS, WE BUILD A FOUNDATION OF COMPASSION, CRITICAL THINKING, IMAGINATION AND LEADERSHIP, AND CULTIVATE A JOY AND CONFIDENCE IN LEARNING THAT SERVES OUR GRADUATES THROUGHOUT THEIR LIVES. 5876299 true true false false false false false false false true true false false false true false true false true false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false true 30 0 66 true false false false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true false false NY X ROBERT F FANTAUZZI 2127412800 324 WEST 15 STREET NEW YORK NY 10011 DAVID EGOLF HEAD OF SCHOOL 40.0 0.0 X 265795 0 25433 ROBERT FANTAUZZI DIRECTOR, BUSINESS & FINANCE 40.0 0.0 X 186724 0 11852 THEA KABACINSKI DIRECTOR, ENROLLMENT MANAGEMEN 40.0 0.0 X 141150 0 17467 MANSI VASA DIRECTOR OF EQUITY & INCLUSION 40.0 0.0 X 119869 0 14520 BRANDON WEBER CHAIR 2.0 0.0 X X 0 0 0 JOEL STEINHAUS VICE CHAIR 2.0 0.0 X X 0 0 0 NICHOLAS SANTOIEMMA SECRETARY 2.0 0.0 X X 0 0 0 MAHESH SAIREDDY Treasurer 2.0 0.0 X X 0 0 0 JEFF WHYTE TRUSTEE 2.0 0.0 X 0 0 0 RENEE NICHOLSON TRUSTEE 2.0 0.0 X 0 0 0 CHRIS GRIMALDI TRUSTEE 2.0 0.0 X 0 0 0 CHRIS NICHOLSON TRUSTEE 2.0 0.0 X 0 0 0 DAVID COHEN TRUSTEE 2.0 0.0 X 0 0 0 FELICIA HARRIS TRUSTEE 2.0 0.0 X 0 0 0 Jackie Eckhouse Trustee 2.0 0.0 X 0 0 0 SAVITA BHARADWA TRUSTEE 2.0 0.0 X 0 0 0 DARSHA KING TRUSTEE 2.0 0.0 X 0 0 0 SARAH WASTON TRUSTEE 2.0 0.0 X 0 0 0 ELENA SELF TRUSTEE 2.0 0.0 X 0 0 0 713538 0 69272 4 false true false 0 1682831 797795 2480626 TUITION & FEES 611110 5850560 5850560 AFTER SCHOOL 611110 100 100 SUMMER SCHOOL 611110 3939 3939 5854599 2539 2539 0 0 0 0 0 0 126003 26630 99373 99373 0 0 0 0 0 0 MISCELLANEOUS 900099 16913 16913 16913 8454050 5854599 118825 0 1484328 1484328 0 0 557817 343323 192665 21829 0 3268913 2011937 1129055 127921 117936 72587 40734 4615 481100 296105 166168 18827 270140 166265 93304 10571 15500 15500 21182 21182 35016 35016 0 0 0 163765 46659 117106 0 653214 498590 154624 0 0 432579 389321 43258 116422 110692 5730 0 0 0 0 346308 311677 25973 8658 70127 52970 17157 FOOD 91845 91845 BAD DEBT 64561 64561 MISCELLANEOUS 41986 21448 20538 8232739 5876299 2143481 212959 941927 724637 1155847 533672 436395 220030 149312 78795 0 0 0 0 0 0 0 0 64710 25781 14841757 4477202 10551737 10364555 0 0 0 0 0 0 0 0 0 0 13299928 11947470 431541 420997 0 0 2365389 995382 6823060 6638842 0 0 0 0 0 0 0 0 119750 110750 9739740 8165971 X 3083321 3152113 476867 629386 3560188 3781499 13299928 11947470 221311 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61004 2539 2539 61004 61004 6283 6283 61004 61004 6490 6490 61004 61004 3659 3659 61004 61004 1355 1355 61004 1.00000 false false 453000 453000 12956422 3953579 9091472 549427 523623 25804 882908 794279 10364555 0 STUDENT BONDS PAYABLE 110750 110750 6969722 6969722 1484328 1484328 8454050 6748411 6748411 1484328 1484328 8232739 SCHEDULE D, PART V, LINE 4 TO ACCRUE INTEREST EARNINGS TO SUPPLEMENT EDUCATIONAL PROGRAMS. SCHEDULE D, PART X, LINE 2 ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Part XI, Line 4b Other Adjustments: Student Financial Aid 1,484,328 PART XII, LINE 4b Other Adjustments: Student Financial Aid 1,484,328 true true true true true true true false false false false false false false false false false true SCHEDULE E, PART I, LINE 3 WEBSITE, NEWSLETTER, EMPLOYMENT APPLICATION, PUBLISHED RECRUITMENT MATERIALS CCS FUND RAISIN false ANNUAL GALA 126003 126003 26630 0 126003 126003 26630 26630 99373 true Financial Aid 41 1484328 SCHEDULE I, PART I, LINE 2 THE BOARD ANNUALLY MEETS TO DECIDE THE FINANCIAL AID BEING AWARDED FOR THE YEAR. ALL AMOUNTS ARE REVIEWED AND APPROVED IN THE FOLLOWING MANNER: FAMILIES ARE REQUIRED TO REGISTER AND PROVIDE EARNINGS DATA TO A THIRD PARTY FINANCIAL EVALUATOR. THE FINANCIAL AID COMMITTEE REVIEWS THE INFORMATION AND MAKES A DECISION BASED UPON NEED. THIS PROCEDURE IS DONE ANNUALLY BY MARCH. X X X X false false false false false false false false false DAVID EGOLF HEAD OF SCHOOL 265795 0 0 0 0 0 16748 0 8685 0 291228 0 ROBERT FANTAUZZI DIRECTOR, BUSINESS & FINANCE 186724 0 0 0 0 0 11090 0 762 0 198576 0 THEA KABACINSKI DIRECTOR, ENROLLMENT MANAGEMEN 141150 0 0 0 0 0 8782 0 8685 0 158617 0 A BUILD NYC RESOURCE CORP 454040561 2012-07-18 10000000 REFINANCE OF TAXABLE MORTGAGE false false false A 0 0 10000000 0 0 0 199500 0 0 9800500 0 0 2022 false false true true A false false false false 0 false false false A false false false false false false 0 false 0 false true A true FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF BUSINESS AND FINANCE ALONG WITH THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAVE BEEN TASKED TO REVIEW THE FORM 990 AFTER COMPLETION BY INDEPENDENT TAX ACCOUNTANTS. ONCE THE COMMITTEE'S REVIEW IS COMPLETE, IT WILL BE PROVIDED TO THE FULL BOARD FOR REVIEW. IN THE EVENT THAT QUESTIONS ARISE DURING THE AUDIT COMMITTEE REVIEW OR BOARD REVIEW, AND THE DIRECTOR OF FINANCE IS UNABLE TO PROVIDE AN APPROPRIATE RESPONSE, THE TAX ACCOUNTANTS WILL BE REQUESTED TO PROVIDE FURTHER CLARIFICATION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. EACH YEAR EVERY MEMBER OF THE BOARD OF TRUSTEES, AS WELL AS OFFICERS OF THE ORGANIZATION CERTIFY THAT THEY HAVE READ THE POLICY AND AGREE TO BE BOUND BY ITS PROVISIONS. THE POLICY NOT ONLY CONTAINS DETAILED PROCEDURES FOR IDENTIFYING CONFLICT OF INTEREST AND RELATED PARTY TRANSACTIONS, BUT ALSO THE PROCESS BY WHICH THE BOARD REVIEWS AND POSSIBLY APPROVES SUCH TRANSACTIONS, AND THE STEPS TO BE TAKEN IF A PERSON SUBJECT TO THE POLICY FAILS TO COMPLY WITH IT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE HEAD OF SCHOOL'S COMPENSATION ANNUALLY BASED UPON THE CONTRACT REQUIREMENTS AND AN EXAMINATION OF DATA FROM COMPARABLE INSTITUTIONS TO DETERMINE REASONABLE COMPENSATION. THE AFOREMENTIONED PROCESS WAS LAST COMPLETED IN JULY 2019. THE PROCESS TO DETERMINE COMPENSATION OF KEY EMPLOYEES USES COMPARABLE DATA PROVIDED BY NAIS, THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE NAIS DATA MANAGEMENT ANNUAL COLLECTION PROCESS, KNOWN AS DASL, COLLECTS COMPARATIVE DATA FROM ALL OF THEIR MEMBER SCHOOLS IN THE FALL EACH YEAR. COMPARATIVE DATA CAN BE FILTERED TO SIMILAR SIZED SCHOOLS, GEOGRAPHY, GRADE RANGE, AND SPECIFIC AREAS OF NEW YORK CITY. DATA IS ACCESSED ONLINE AND DOWNLOADED TO EXCEL SHEETS FOR FURTHER COMPARISON AND REVIEW. THE DATA IS REVIEWED BY THE HEAD OF SCHOOL, WHO DETERMINES THE ANNUAL SALARIES FOR ALL KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST TO HEAD OF SCHOOL OR DIRECTOR OF BUSINESS FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST TO HEAD OF SCHOOL OR DIRECTOR OF BUSINESS