2025-06-12T09:17:14-05:00 2024-07-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2023-08-01 112606681 SAINT ANN'S SCHOOL SAIN 7185221660 129 PIERREPONT STREET BROOKLYN NY 11201 BIANCA ROBERSON CFO 7185221660 2025-06-12 1 1 MELISSA MODELSON P01603524 2122862600 2025-06-11 2023 2025-03-06 01:10:19Z KENYATTE A REID 129 PIERREPONT STREET BROOKLYN NY 11201 109276726 0 X WWW.SAINTANNSNY.ORG X 1965 NY SEE SCHEDULE O 19 19 519 87 -2845 0 8489955 8689416 60273936 64205644 1236839 3838425 232022 213780 70232752 76947265 13263765 13860754 0 0 41585335 45437127 0 0 1656194 14334165 16129648 69183265 75427529 1049487 1519736 206080278 214284347 102733503 103434132 103346775 110850215 X SEE SCHEDULE O 0 0 58589032 13685780 62111283 SEE SCHEDULE O FOR INSTRUCTIONAL AND EDUCATIONAL PROGRAMSTHROUGH OUR ADMINISTRATION, FACULTY, AND STUDENT SUPPORT STAFF, WE ACCOMPLISH THE GOALS AS STATED IN THE SCHOOL'S MISSION STATEMENT. THIS INCLUDES: SALARY AND BENEFITS FOR FACULTY AND DIRECT COSTS ASSOCIATED WITH EDUCATIONAL PROGRAMS. SCHOLARSHIPS AND OTHER ASSISTANCE: DURING THE FISCAL YEAR WE PROVIDED FINANCIAL AID TO OVER 30% OF OUR STUDENT BODY, ALLOWING THE SCHOOL TO MEET ITS OBJECTIVE OF CREATING A TALENTED AND SOCIO-ECONOMICALLY DIVERSE STUDENT POPULATION. 2186959 174974 2094361 SEE SCHEDULE O FOR AUXILIARY PROGRAMSAUXILIARY PROGRAMS, SUCH AS TRIPS, FOOD SERVICES, MAGAZINES, STUDENT PUBLICATIONS, AND STUDENT-GENERATED ENDEAVORS RANGING FROM THE ARTISTIC AND SCIENTIFIC TO RECREATIONAL ARTS, MAKE A SUBSTANTIAL CONTRIBUTION TO THE CULTURE OF THE SCHOOL AND ITS SUCCESS IN ACHIEVING ITS STATED MISSION. 60775991 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 0 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 1 136 0 519 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BIANCA ROBERSON CFO 7185221660 129 PIERREPONT STREET BROOKLYN NY 11201 MINO CAPOSSELA PRESIDENT, THRU JULY 2024 5.00 X X 0 0 0 CRYSTAL BOBB-SEMPLE VICE PRESIDENT 5.00 X X 0 0 0 TONY CHARUVASTRA SECRETARY 5.00 X X 0 0 0 DANIEL STONE TREASURER 5.00 X X 0 0 0 ALANIA CHOU TRUSTEE 3.00 X 0 0 0 ALEX KING TRUSTEE 3.00 X 0 0 0 ALICE GOLDMAN REITE TRUSTEE 3.00 X 0 0 0 ANTHONY CHARUVASTRA TRUSTEE, THRU JULY 2024 3.00 X 0 0 0 ASHLEY MATHIS TRUSTEE 3.00 X 0 0 0 CAROLYN KATZ TRUSTEE 3.00 X 0 0 0 CHINYERE ODIM TRUSTEE 3.00 X 0 0 0 CLIFF THOMAS TRUSTEE, THRU JULY 2024 3.00 X 0 0 0 DAN BERGNER TRUSTEE, THRU JULY 2024 3.00 X 0 0 0 FIONA MACINTOSH TRUSTEE 3.00 X 0 0 0 IA ANDREWS TRUSTEE 3.00 X 0 0 0 JARED DELLA VALLE TRUSTEE 3.00 X 0 0 0 JOSH EPSTEIN TRUSTEE 3.00 X 0 0 0 JULIE KAHR TRUSTEE 3.00 X 0 0 0 KAVITA PATEL TRUSTEE 3.00 X 0 0 0 KIT TOLLERSON TRUSTEE 3.00 X 0 0 0 LUKE FICTHORN TRUSTEE 3.00 X 0 0 0 MARY WATSON TRUSTEE 3.00 X 0 0 0 SHAHED FAKHARI LARSON TRUSTEE, THRU JULY 2024 3.00 X 0 0 0 TAMARA BELINFANTI TRUSTEE 3.00 X 0 0 0 BIANCA ROBERSON CFO 40.00 X 311913 0 79387 KENYATTE REID HEAD OF SCHOOL 40.00 X 393272 0 184167 MELISSA KANTOR DEAN OF FACULTY 40.00 X 234929 0 182640 JASON ASBURY ASSOCIATE HEAD OF SCHOOL 40.00 X 270655 0 61450 MAUREEN R YUSUF-MORALES HEAD OF THE UPPER MIDDLE SCHOOL 40.00 X 211445 0 307486 DAVID SMITH DIR. OF ADVANCEMENT THRU AUG 2023 40.00 X 160508 0 34844 LAYNE KAMINSKY DIR OF CAMPUS FACILITIES & CAPITAL MGMT 40.00 X 185754 0 27393 GILLIAN BAINE HEAD OF THE LOWER SCHOOL 40.00 X 191481 0 33145 MARINA M THOMPSON DIR OF PEOPLE & ORGANIZATIONAL DEVELOPMENT 40.00 X 188374 0 25852 VINCENT TOMPKINS FORMER HEAD OF SCHOOL THRU JULY 2023 0.00 X 873639 0 132561 3021970 0 1068925 99 1 1 0 YORKE CONSTRUCTION CORPORATION 140 WEST 31ST STREET NEW YORK NY 10001 CONSTRUCTION 4329491 NYC MAINTENANCE & RESTORATION INC 330 STANLEY AVENUE STATEN ISLAND NY 10301 CONSTRUCTION 950347 ARCHITECTURE RESEARCH OFFICE 170 VARICK STREET NEW YORK NY 10013 CONSTRUCTION 780520 NEW YORK INSULATION INC 58-48 59TH STREET MASPETH NY 11378 CONSTRUCTION 584928 GIBSON DUNN & CRUTCHER LLP PO BOX 840723 LOS ANGELES CA 900840723 LEGAL SERVICES 429819 23 1430727 7258689 427902 8689416 TUITION INCOME 611600 62111283 62111283 AUXILLARY PROGRAMS 611600 2094361 2094361 64205644 2010093 -2845 2012938 6120 0 6120 6120 6120 27431031 6726762 27262896 5066565 168135 1660197 1828332 1828332 INSURANCE DIVIDENDS/CLAIMS 900099 128803 128803 MISCELLANEOUS 900099 78857 78857 207660 76947265 64205644 -2845 4055050 5400 5400 13855354 13855354 1877189 453666 1021838 401685 32982361 26116972 6382158 483231 1578185 1235150 309412 33623 6063361 4723592 1200684 139085 2936031 2260293 601932 73806 379101 379101 66950 66950 34420 34420 1669717 400945 975895 292877 896889 597487 226831 72571 596178 422399 163866 9913 4741252 4343730 348038 49484 257634 41614 182810 33210 3961044 3381869 569127 10048 643792 464935 175086 3771 REPAIRS AND MAINTENANCE 929767 822570 101495 5702 FOOD 701903 701903 STUDENT ACT & AUX SVCS 568878 526094 42784 INSTRUCTIONAL COSTS 497508 422018 71086 4404 184615 184615 75427529 60775991 12995344 1656194 6150095 5723002 34867935 35928265 7016161 6327961 152914 140660 1006661 486982 117197422 42946022 71957117 74251400 17761130 21216351 34266905 38752944 32901360 31456782 206080278 214284347 3215839 4211064 26466064 27457596 38447410 37620250 34604190 34145222 102733503 103434132 X 69729316 73331904 33617459 37518311 103346775 110850215 206080278 214284347 X 1519736 6008204 -24500 X X 0 1 X 1 0 X 9859288 8556762 13100156 8489955 8689416 48695577 9859288 8556762 13100156 8489955 8689416 48695577 1084490 47611087 964623 748351 946399 1181018 2019058 5859449 212226 400478 75567 224951 207660 1120882 55675908 291061048 0.85510 0.86100 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE SETTLEMENTS - 2019 AMOUNT: $ 90,096. 2020 AMOUNT: $ 80,225. 2021 AMOUNT: $ 46,561. 2022 AMOUNT: $ 217,822. 2023 AMOUNT: $ 128,803. OTHER - 2019 AMOUNT: $ 58,504. 2020 AMOUNT: $ 135,462. 2021 AMOUNT: $ 29,006. 2022 AMOUNT: $ 7,129. 2023 AMOUNT: $ 78,857. RECOVERY OF BAD DEBT - 2020 AMOUNT: $ 184,791. IRS REIMBURSEMENTS - 2019 AMOUNT: $ 63,626. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53196290 1810366 6758826 1776334 59989148 48046276 2095700 4419272 1364958 53196290 32424693 21575255 -4670539 1283133 48046276 24333695 3164913 5856029 929944 32424693 19995691 3417834 1849323 929153 24333695 0.53470 0.20170 0.26360 0 0 1394400 1394400 100429115 38834656 61594459 1506992 1467889 39103 3342835 2272728 1070107 10524080 370749 10153331 74251400 ALTERNATIVE INVESTMENTS/LIMITED PARTNERSHIPS 38752944 F 38752944 RIGHT OF USE ASSETS - FINANCE LEASE 31070076 RIGHT OF USE ASSETS - OPERATING LEASE 386706 31456782 DEFERRED COMPENSATION AND 457 PLANS 897926 LEASE LIABILITY, OPERATING LEASE 403131 LEASE LIABILITY, FINANCE LEASE 32844165 34145222 X 69163389 6008204 18496 6026700 63136689 34420 13776156 13810576 76947265 61659949 18496 24500 42996 61616953 34420 13776156 13810576 75427529 PART V, LINE 4: THE SCHOOL CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF ALL GIFTS DONATED TO THE PERMANENT ENDOWMENT, AND (B) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. OBJECTIVES FOR DONOR RESTRICTIVE ENDOWMENTS FUNDS ARE GENERATING INCOME TO SUPPORT THE SCHOOLS ACTIVITIES AND PRESERVATION OF CAPITAL. INVESTMENT EARNINGS ARE TO BE USED FOR THEIR TEMPORARILY RESTRICTED PURPOSES. PART X, LINE 2: THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR TAX YEARS PRIOR TO JULY 31, 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE 13,733,372. FUNDRAISING EXPENSES REPORTED ON PART IX 42,784. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE-OFF OF UNCOLLECTIBLE PLEDGES REPORTED ON PART XI, LINE 9 24,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE 13,733,372. FUNDRAISING EXPENSES REPORTED ON PART IX 42,784. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NON-DISCRIMINATORY POLICY IS AVAILABLE ON ITS WEBSITE, INCLUDED IN THE SCHOOL'S CATALOGUE, CURRICULUM BOOK, APPLICATIONS MATERIALS, AND THE FACULTY AND STAFF HANDBOOK. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED FUNDING FROM NYS EDUCATION DEPARTMENT. 1 SCHOLARSHIPS-RETURNING STUDENTS 267 9710156 TUITION ASSISTANCE 88 3849740 NON-TUITION SCHOLARSHIPS 38 120484 AUXILIARY PROGRAM SCHOLARSHIPS 229 174974 PART I, LINE 2: SAINT ANN'S SCHOOL AWARDS GRANTS TO STUDENTS IN THE FORM OF SCHOLARSHIPS AND TUITION ASSISTANCE. THE SCHOLARSHIP IS A REDUCTION OF THE TUITION CHARGE FOR THE ACADEMIC YEAR. FAMILIES APPLYING FOR FINANCIAL AID SUBMIT AN APPLICATION TO THE CLARITY SYSTEM THE SYSTEM GENERATES AN ANALYSIS OF INCOME, ASSETS, AND LIABILITIES IN ORDER TO ARRIVE AT AN ESTIMATED AMOUNT THAT THE FAMILY CAN AFFORD TO CONTRIBUTE TOWARDS TUITION. THE SCHOOL GRANTS AID TO FAMILIES BASED UPON THE ASSESSMENT AS WELL A REVIEW OF ADDITIONAL INFORMATION PROVIDED ON THE APPLICATION. THE AWARD REDUCES THE FAMILIES' CONTRIBUTION TO TUITION AS WELL AS OTHER SCHOOL PROGRAMS. FAMILIES CAN ALSO APPLY FOR ADDITIONAL AID FOR AUXILIARY PROGRAMS AND SERVICES. X 1 1 X X X 1 1 0 0 0 0 0 1 0 VINCENT TOMPKINS FORMER HEAD OF SCHOOL THRU JULY 2023 411994 0 0 0 461645 0 23292 0 109269 0 1006200 0 434577 0 KENYATTE REID HEAD OF SCHOOL 282699 0 400 0 110173 0 118384 0 65783 0 577439 0 0 0 MAUREEN R YUSUF-MORALES HEAD OF THE UPPER MIDDLE SCHOOL 205291 0 5974 0 180 0 236601 0 70885 0 518931 0 0 0 MELISSA KANTOR DEAN OF FACULTY 232798 0 400 0 1731 0 15744 0 166896 0 417569 0 0 0 BIANCA ROBERSON CFO 271203 0 25400 0 15310 0 37118 0 42269 0 391300 0 0 0 JASON ASBURY ASSOCIATE HEAD OF SCHOOL 244841 0 25400 0 414 0 36637 0 24813 0 332105 0 0 0 GILLIAN BAINE HEAD OF THE LOWER SCHOOL 191081 0 400 0 0 0 11461 0 21684 0 224626 0 0 0 MARINA M THOMPSON DIR OF PEOPLE & ORGANIZATIONAL DEVELOPMENT 187262 0 400 0 712 0 17735 0 8117 0 214226 0 0 0 LAYNE KAMINSKY DIR OF CAMPUS FACILITIES & CAPITAL MGMT 185222 0 400 0 132 0 10523 0 16870 0 213147 0 0 0 DAVID SMITH DIR. OF ADVANCEMENT THRU AUG 2023 160249 0 0 0 259 0 21051 0 13793 0 195352 0 0 0 PART I, LINE 1A AS A CONDITION OF HIS EMPLOYMENT, IN ORDER TO FULFILL THE CONTRACTUAL OBLIGATIONS OF HIS EMPLOYMENT, VINCENT TOMPKINS IS PROVIDED WITH HOUSING BY THE ORGANIZATION. THE VALUE OF THE HOUSING PROVIDED IN CALENDAR YEAR 2023 IS $77,848, WHICH IS REPORTED AS A NON-TAXABLE BENEFIT. THE NEW HEAD OF SCHOOL, KENYATTE REID, RECIEVED A HOUSING ALLOWANCE OF $90,000 WHICH WAS TAXABLE AND REPORTED IN HIS W-2 FOR CALENDAR YEAR 2023. PART I, LINES 4A-B VINCENT TOMPKINS RECEIVED A SEVERANCE PAYMENT DURING 2023. THE SCHOOL PAID $288,750 DURING CALENDAR YEAR 2023 FOR SEVERANCE WHICH WAS INCLUDED IN HIS 2023 FORM W-2. VINCENT TOMPKINS PARTICIPATED IN SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN DURING 2023. THE SCHOOL DISTRIBUTED $145,827 DURING CALENDAR YEAR 2023 WHICH WAS INCLUDED IN HIS 2023 FORM W-2. KENYATTE REID PARTICIPATED IN SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN DURING 2023. THE SCHOOL CONTRIBUTED $100,000 DURING CALENDAR YEAR 2023 TO THE PLAN. PART I, LINE 7 EMPLOYEES RECEIVED DISCRETIONARY BONUSES INCLUDED IN THEIR W-2 DURING THE YEAR. SCHEDULE J, PART II, COLUMN D: MELISSA KANTOR, AND MAUREEN REZWANNA YUSUF-MORALES RECEIVED TUITION REMISSION FROM THE ORGANIZATION FOR THEIR CHILDREN THAT ATTEND SAINT ANN'S SCHOOL, WHICH IS ALSO BEING REPORTED IN COLUMN D. IN CALENDAR YEAR 2023, MELISSA KANTOR RECEIVED $115,300, AND MAUREEN REZWANA YUSUF-MORALES RECEIVED $65,820 IN TUITION REMISSION. A BUILD NYC RESOURCE CORPORATION 454040561 000000000 2021-06-14 28005873 REISSUANCE OF 2015 BOND 0 0 0 B BUILD NYC RESOURCE CORPORATION 454040561 000000000 2021-06-30 11500000 RENOVATION OF SCHOOL FACILITIES 0 0 0 A 759744 28005873 28005873 2018 1 0 1 1 B 11500000 200000 11300000 2023 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 1 1.00000 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 0 X 18 427902 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE NUMBER REPORTED IN PART I, COLUMN (B) IS THE NUMBER OF CONTRIBUTORS. FORM 990, PAGE 1, PART I, LINE 1: AT SAINT ANN'S SCHOOL WE EDUCATE CHILDREN IN ACADEMIC DISCIPLINES AND THE ARTS FROM PRESCHOOL THROUGH 12TH GRADE. THROUGH THE EFFORTS OF OVER THREE HUNDRED AND FIFTY FACULTY AND STAFF, WE ENGAGE CURIOUS, SELF-MOTIVATED STUDENTS IN AN EDUCATIONAL JOURNEY, INSTILLING A LOVE OF LEARNING THAT REMAINS WITH THEM THROUGHOUT THEIR LIVES. FORM 990, PAGE 2, PART III, LINE 1: SAINT ANN'S EXISTS TO NURTURE THE WONDER OF CHILDREN. UNFETTERED BY GRADES, TEACHERS AND STUDENTS EMBARK ON JOURNEYS OF DISCOVERY IN WHICH THE ARTS ARE CENTRAL. THROUGH AN AMBITIOUS CURRICULUM AND A CULTURE OF INQUIRY, WE QUESTION THE WORLD. WE INVITE EACH OTHER TO TAKE RISKS, PURSUE KNOWLEDGE FOR ITS OWN SAKE, AND CELEBRATE GROWTH. WE SEEK TO CREATE A COMMUNITY ROOTED IN TRUST AND EQUITY. HERE, EVERY SUBJECT IS AN ART AND EVERY CHILD IS AN ARTIST. A SAINT ANN'S EDUCATION IMPARTS THE BEST OF HUMAN TRADITIONS AND DISCOVERIES WHILE NURTURING INTELLECTUAL ADVENTURE. OUR STUDENTS ARE GIVEN GREAT FREEDOM - CERTAINLY TO ACHIEVE, ALSO TO TRUST THEMSELVES AND TO FIND DEEP SATISFACTION IN LEARNING FOR ITS OWN SAKE. IN ANECDOTAL REPORTS, THE CLASSROOM, AT SPORTS EVENTS, OR ON STAGE, WE HOLD CENTRAL THE CELEBRATION OF OUR STUDENTS. TEACHERS AT SAINT ANN'S ARE CHOSEN FOR THEIR STRONG INTELLECTUAL AND ARTISTIC INTERESTS AND THEIR COMMITMENT TO THE EDUCATION OF OUR CHILDREN. FACULTY ARE GIVEN THE OPPORTUNITY TO COMMUNICATE THEIR ENTHUSIASM, TO USE WHATEVER THEY FIND PRACTICAL IN AN EFFORT TO DRAW OUT THE MOST AUTHENTIC AND EXCEPTIONAL WORK FROM THEIR STUDENTS. OUR TEACHERS' LEADERSHIP IN THE CLASSROOM AND OUT ARISES FROM THEIR INTELLECT, ACCOMPLISHMENT, AND PROFOUND SENSE OF HUMANITY. OUR CURRICULUM IS A REALM OF POSSIBILITIES WHERE WE MEET OUR STUDENTS. IT IS A SUBSTANTIVE AND DYNAMIC MEANS TO ENGAGE EVERY CHILD. IT IS FLEXIBLE AND RESPONSIVE, SO THAT WHENEVER FEASIBLE, OUR STUDENTS UNDERTAKE ACCELERATED OR SPECIALIZED WORK IN SUBJECT AREAS RANGING FROM MUSIC TO CALCULUS TO CHINESE, BASED UPON TALENTS AND INTERESTS RATHER THAN AGE OR GRADE. WE ARE A GENUINE COMMUNITY, OPERATING SEVEN DAYS A WEEK, CONSTANTLY REINVENTED AS OUR MEMBERS MOVE FROM ROLE TO ROLE, SUSTAINED BY A COMMITMENT TO EACH OTHER AND TO THE ONGOING SYMPOSIUM THAT IS OUR SCHOOL. THE GROWTH AND SUCCESS OF SAINT ANN'S OWE MUCH TO THE FAITHFULNESS WITH WHICH WE ADHERE TO OUR EDUCATIONAL PHILOSOPHY: THAT EDUCATION IS, IN THE LAST ANALYSIS, A CELEBRATION OF LIFE AND THAT LIFE IS WONDROUS, EPHEMERAL, AND FOR THOSE REASONS, SACRED. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER (CFO) AS WELL AS THE CONTROLLER AND OTHER SCHOOL ADMINISTRATORS ARE RESPONSIBLE FOR THE PREPARATION AND SUBMISSION OF THE FORM 990. THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND SENT OVER TO THE SCHOOL FOR ITS INITIAL REVIEW. THIS RETURN IS REVIEWED BY THE SCHOOL ADMINISTRATION, THE PRESIDENT OF THE BOARD, THE CHAIR OF THE AUDIT AND RISK COMMITTEE, AND THE TREASURER FOR REVIEW AND COMMENT. THE CONTROLLER COORDINATES THE FLOW OF INFORMATION BETWEEN THE SCHOOL AND ITS AUDITORS. ONCE THIS FINAL RETURN IS COMPLETE, THE AUDITORS PRESENT A REDACTED COPY OF THE FORM 990 TO THE THE FULL AUDIT AND RISK COMMITTEE. A FULL COPY OF THE 990 IS DISTRIBUTED TO THE BOARD OF TRUSTEES FOR REVIEW AND DISCUSSION PRIOR TO FILING. THE CFO OR THE HEAD OF SCHOOL RECEIVES AUTHORITY FROM THE AUDIT AND RISK COMMITTEE, ACTING ON THE AUTHORITY ASSIGNED TO THEM BY THE BOARD OF TRUSTEES, TO SUBMIT THE FORM 990. A FULL COPY IS MADE AVAILABLE TO THE BOARD UPON COMPLETION OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES AS FOLLOWS: ANY TRUSTEE, OFFICER, MEMBER OF THE SCHOOL'S CORE ADMINISTRATION, OR MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE GOVERNING BOARD, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, AS DEFINED BY THE SCHOOL'S CONFLICT OF INTEREST POLICY, IS AN INTERESTED PERSON. IF A PERSON IS AN INTERESTED PERSON WITH RESPECT TO ANY AFFILIATE OF THE ORGANIZATION, HE OR SHE IS AN INTERESTED PERSON WITH RESPECT TO ALL AFFILIATES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBERS OF COMMITTEES WITH POWERS DELEGATED BY THE GOVERNING BOARD, OR TO OTHERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE SCHOOL CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER THE CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE SCHOOL'S BEST INTEREST, FOR ITS OWN BENEFIT AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. EACH TRUSTEE, OFFICER AND MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE GOVERNING BOARD, AS WELL AS MEMBER OF THE ADMINISTRATION (AS APPLICABLE) SHALL ANNUALLY SIGN A CONFLICT OF DISCLOSURE STATEMENT. TRUSTEES' ANNUAL DISCLOSURE FORMS ARE REVIEWED BY THE CHAIR OF THE AUDIT AND RISK COMMITTEE TO DETERMINE IF A CONFLICT EXISTS AND IF SO, HOW IT IS TO BE MANAGED. TRUSTEES ARE REQUIRED TO RECUSE THEMSELVES FROM ANY DECISION IN WHICH THEY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS DECIDED ACCORDING TO TERMS SPECIFIED IN HIS CONTRACT. THE FULL BOARD (INDEPENDENT DIRECTORS) USING ITS INDEPENDENT RESEARCH AND AN INDEPENDENT CONSULTANT AT TIMES APPROVES THE COMPENSATION OF THE HEAD OF SCHOOL. THE HEAD OF SCHOOL SETS ALL OTHER COMPENSATION, INCLUDING SALARIES OF EVERY EMPLOYEE, SUBJECT TO THE OVERSIGHT OF THE FINANCE COMMITTEE AND THE PRESIDENT OF THE BOARD WHEN THE ANNUAL BUDGET IS FIXED. THE HEAD OF SCHOOL, THE PRESIDENT OF THE BOARD, TREASURER AND SENIOR ADMINISTRATORS RECEIVE NYSAIS SURVEY DATA REGARDING SALARIES. THE HEAD OF SCHOOL USES THIS DATA WHEN SETTING SALARY LEVELS. THE COMPENSATION PROCESS OCCURS ANNUALLY. THE COMPENSATION REVIEW PROCESS WAS LAST UNDERTAKEN IN MAY 2023. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR INSPECTION AT THE SCHOOL'S FINANCE OFFICE. THE SCHOOL'S WHISTLEBLOWER POLICY IS PUBLISHED IN THE FACULTY HANDBOOK ANNUALLY. IT ALSO MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG AND SIMILAR WEBSITES. FORM 990, PART XI, LINE 9: WRITE-OFF OF UNCOLLECTIBLE PLEDGES -24,500. FORM 990: PART XII, LINE 2C: THE PRESIDENT AND TREASURER OF THE BOARD OF TRUSTEES AS WELL AS THE AUDIT AND RISK COMMITTEE CHAIR AND CFO OF SAINT ANN'S SCHOOL ASSUME RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED SIGNIFICANTLY FROM THE PRIOR YEAR.