2021-04-21T11:50:58-05:00 2020-06-30 EISNERAMPER LLP 733 THIRD AVENUE NEW YORK NY 100172703 990 2019-07-01 131635286 THE SPENCE SCHOOL % ELYSE WATERHOUSE SPEN 2122895940 22 EAST 91ST STREET NEW YORK NY 10128 ELYSE WATERHOUSE DIRECTOR OF FINANCE 2129436822 2021-04-14 true WILLIAM EPSTEIN P01307171 2129498700 2019 2022-09-23 18:48:47Z ELLANOR BRIZENDINE 22 EAST 91ST STREET NEW YORK NY 10128 76177728 false X WWW.SPENCESCHOOL.ORG X 1928 NY TO PREPARE A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE. 28 28 379 200 5403 34310 5861372 26815489 40726481 42661632 3278021 3215059 79721 -16475 49945595 72675705 5824956 6501004 0 0 31174332 33062220 79188 98239 1884838 15460400 13188577 52538876 52850040 -2593281 19825665 319595733 336674392 26850266 24863313 292745467 311811079 WITH A COMMITMENT TO ACADEMIC EXCELLENCE AND PERSONAL INTEGRITY, THE SPENCE SCHOOL PREPARES A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE. false false 46226549 6501004 42661632 THE SPENCE SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL PROVIDING AN EDUCATION FOR GIRLS IN GRADES KINDERGARTEN THROUGH 12. 46226549 true true false true false false false false false true true true false false false true true false true false true false false true true false false false true true true false false false false false false true false false false true false false false false false false false false true 136 0 379 true true true true CJ false false false false false false false false false false X 28 28 true false false false false false false true true false false true true true true true true true true false X ELYSE WATERHOUSE 6469436822 22 EAST 91ST STREET NEW YORK NY 10128 X ELLANOR N BRIZENDINE HEAD OF SCHOOL 40.0 0.0 X 886860 0 55755 ELYSE WATERHOUSE DIRECTOR of FINANCE&OPERATIONS 40.0 0.0 X 502267 0 37365 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 40.0 0.0 X 268649 0 37131 MICHELE KRAUTHAMER HEAD OF UPPER SCHOOL 40.0 0.0 X 268513 0 36816 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 40.0 0.0 X 267949 0 37131 CHRISTOPHER YORK INFORMATION SYSTEMS MANAGER 40.0 0.0 X 265887 0 36442 ERIC ZAHLER DIRECTOR OF TEACHING AND LEARN 40.0 0.0 X 263854 0 36620 MICHELE MURPHY DIR ACADEMIC PRGRMS/TECHNOLOGY 40.0 0.0 X 250379 0 46187 SUSAN PARKER DIRECTOR OF ADMISSIONS 40.0 0.0 X 232807 0 44253 DANA CROWELL CO-DIR. OF COLLEGE COUNSELING 40.0 0.0 X 234405 0 39175 WILLIAM L JACOB III PRESIDENT 10.0 0.0 X X 0 0 0 RAVI P YADAV VICE PRESIDENT 2.0 0.0 X X 0 0 0 ADAM KLEIN vice president 2.0 0.0 X X 0 0 0 KIMBERLY KRAVIS SECRETARY 2.0 0.0 X X 0 0 0 LAUREN KLEINBERG LEVY trustee 2.0 0.0 X 0 0 0 ERICA DESAI TRUSTEE 2.0 0.0 X 0 0 0 GEORGE R BASON JR TRUSTEE 2.0 0.0 X 0 0 0 ARTHUR CHU TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL P CLIFFORD TRUSTEE 2.0 0.0 X 0 0 0 ANAND DESAI TRUSTEE 2.0 0.0 X 0 0 0 REBECCA DANZIGER GAMZON TRUSTEE 2.0 0.0 X 0 0 0 AMY GRIFFIN TRUSTEE 2.0 0.0 X 0 0 0 EMILIO HARRIS TRUSTEE 2.0 0.0 X 0 0 0 JENNIFER HOINE TRUSTEE 2.0 0.0 X 0 0 0 SONNY KALSI TRUSTEE 2.0 0.0 X 0 0 0 MEREDITH RUBEL LIPSHER TRUSTEE 2.0 0.0 X 0 0 0 C CYBELE RAVER TRUSTEE 2.0 0.0 X 0 0 0 JAMES SHULMAN TRUSTEE 2.0 0.0 X 0 0 0 JOSE TAVAREZ TRUSTEE 2.0 0.0 X 0 0 0 AKUEZUNKPA UDE WELCOME TRUSTEE 2.0 0.0 X 0 0 0 ALLYSON MITCHELL WATERMAN TRUSTEE 2.0 0.0 X 0 0 0 HANNAH O BOZIAN TRUSTEE 2.0 0.0 X 0 0 0 ALEXIS Mcgill JOHNSON TRUSTEE 2.0 0.0 X 0 0 0 AHRIN MISHAN TRUSTEE 2.0 0.0 X 0 0 0 ANYA Herz SHIVA TRUSTEE 2.0 0.0 X 0 0 0 BRYCE MARKUS TRUSTEE 2.0 0.0 X 0 0 0 CARLOS FIERRO TRUSTEE 2.0 0.0 X 0 0 0 JOSEPH DRAYTON TRUSTEE 2.0 0.0 X 0 0 0 3441570 0 406875 96 false true false gilbane building company 7 jackson walkway PROVIDENCE RI 02903 construction svcs. 18896624 rogers partners plc 100 Reade Street NEW YORK NY 10013 architecture design 1147661 ZUBATKIN OWNER REPRESENTATION LLC 333 WEST 52ND STREET NEW YORK NY 10019 CONSTRUCTION mgmt. 564405 TRIDENT CONTRACTING 147 WEST 35TH STREEt NEW YORK NY 10001 CONSTRUCTION Svcs. 607960 Schulte Roth Zabel LLP PO Box 11839 NEWARK NJ 07101 Legal services 465604 22 334240 421728 26059521 1621125 26815489 TUITION 611710 40976308 40976308 AFTER SCHOOL PRGM 611710 608096 608096 MUSIC PROGRAM FEES 611710 287505 287505 STUDENT FEES 611710 231958 231958 OTHER PROGRAM SERVICE REVENUE 611710 557765 557765 42661632 2222377 2222377 0 0 46550 46550 0 46550 46550 4494705 3502023 992682 992682 21878 970804 0 334240 0 0 0 0 0 0 0 0 PASS-THRU LOSS FROM LIMITED PARTNERSHIPS -63025 -63025 -63025 72675705 42661632 5403 3193181 0 6501004 6501004 0 0 2674121 2075931 598190 0 0 23490701 21477099 880453 1133149 1965621 1792787 97733 75101 3343697 3049691 166252 127754 1588080 1448442 78961 60677 0 182621 182621 69000 69000 51000 51000 98239 98239 149537 149537 671878 544099 121779 6000 320874 125670 9983 185221 1068710 949951 92468 26291 893415 406856 438598 47961 0 1768120 1459815 301858 6447 505885 475126 18354 12405 0 621422 466741 71454 83227 323694 258955 64739 0 4777270 3821816 955454 391555 313244 78311 FOOD SERVICE 458138 458138 OTHER EXPENSES 935458 601184 311908 22366 52850040 46226549 4738653 1884838 1500 1500 41818045 18607697 8511999 15405387 523459 1182874 0 0 0 0 6945 6703 0 0 2373595 2327227 262733098 65456036 173898989 197277062 68599452 73265487 23299749 28067570 0 0 0 0 562000 532885 319595733 336674392 6163404 4070740 0 0 9642202 10344293 11044660 10448280 0 0 0 0 0 0 0 0 0 0 26850266 24863313 X 153168004 151922144 139577463 159888935 292745467 311811079 319595733 336674392 X 19825665 -658882 -101171 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false false false false false false false false true 51000 51000 Form 990, Schedule C, Part II-B, Line 1i Lobbying activities: Amount represents payments to consultant for government and community relations. 90144262 21641691 2267264 4236000 109817217 88038314 989682 5047266 3931000 90144262 84878598 715693 6146023 3702000 88038314 80181532 957956 7264110 3525000 84878598 78307974 6333281 -1120723 3339000 80181532 0.03560 0.79330 0.17110 false false 30693288 30693288 169921980 56601424 113320556 9424357 8854612 569745 52693473 52693473 197277062 HEDGE FUNDS 15237566 F PRIVATE EQUITY FUNDS 12830004 F 28067570 0 0 X 65366282 -658882 -658882 66025164 149537 6501004 6650541 72675705 46300670 101171 101171 46199499 149537 6501004 6650541 52850040 FORM 990, SCHEDULE D, PART V, LINE 4 THE SCHOOL'S ENDOWMENT CONSISTS OF BOTH INDIVIDUAL DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE ENDOWMENT FUNDS OF THE SCHOOL ARE INTENDED TO BE USED TO SUPPORT ITS LONG-TERM MISSION. FORM 990, SCHEDULE D, PART X, LINE 2 The School is subject to the provisions of the Financial Accounting Standards Board's (the "FASB") Accounting Standards Codification ("ASC") Topic 740, Income Taxes, as it relates to accounting and reporting for uncertainty in income taxes. For the School, these provisions could be applicable to the incurrence of unrelated business income tax ("UBIT") attributable to certain of the School's pass-through investment activities and rental income activities. However, due to the School's general tax-exempt status, ASC Topic 740 has not had, and is not expected to have, a material impact on the School's financial statements. FORM 990, SCHEDULE D, PART XI, LINE 4B AND PART XII, LINE 4B AMOUNT REPRESENTS FINANCIAL AID OF $6,501,004 WHICH WAS NETTED FOR FINANCIAL REPORTING PURPOSES. FORM 990, SCHEDULE D, PART XII, LINE 2D LOSS ON UNCOLLECTIBLE PLEDGES OF $101,171. true true true true true true true false false false false false false false false true false true FORM 990, SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE. FORM 990, SCHEDULE E, PART I, LINE 6A THE SCHOOL RECEIVES AN APPROPRIATION FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR THE PERFORMANCE OF MANDATED SERVICES AND FUNDING FOR SAFETY EQUIPMENT. Central America and the Caribbean Investments 7573491 7573491 7573491 true false false false true false FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (F) AMOUNT REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. FORM 990, SCHEDULE F, PART IV FORM 926: THE SCHOOL WAS A U.S. TRANSFEROR OF PROPERTY TO A FOREIGN CORPORATION DURING THE TAX YEAR. FORM 8865: THE SCHOOL HAD AN OWNERSHIP INTEREST IN A FOREIGN PARTNERSHIP DURING THE TAX YEAR. true COMMUNITY COUNSELLING Svcs PLANNING CAMPAIGN false 90139 wealthengine inc planning campaign false 8100 98239 Special Event 334240 334240 0 334240 334240 true FINANCIAL AID PROVIDED TO STUDENTS 143 6501004 FAIR MARKET VALUE TUITION REDUCTION FORM 990, SCHEDULE I, PART I, LINE 2 THE SPENCE SCHOOL REQUESTS THAT FAMILIES APPLYING FOR NEED-BASED FINANCIAL AID ANNUALLY SUBMIT THE PARENTS' FINANCIAL STATEMENTS TO SCHOOL AND STUDENT SERVICES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ("NAIS"), AS WELL AS PROVIDE COPIES OF FINANCIAL INFORMATION, SUCH AS TAX RETURNS AND W-2 FORMS. ALL GRANTS OF FINANCIAL AID ARE APPLIED TO A RECIPIENT'S OUTSTANDING TUITION CHARGES. X X true true X X X X false true false false false false false false ELLANOR N BRIZENDINE HEAD OF SCHOOL 886860 0 0 0 0 0 43342 0 12413 0 942615 0 0 0 ELYSE WATERHOUSE DIRECTOR of FINANCE&OPERATIONS 502267 0 0 0 0 0 25342 0 12023 0 539632 0 0 0 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 268649 0 0 0 0 0 24718 0 12413 0 305780 0 0 0 MICHELE KRAUTHAMER HEAD OF UPPER SCHOOL 268513 0 0 0 0 0 24793 0 12023 0 305329 0 0 0 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 267949 0 0 0 0 0 24718 0 12413 0 305080 0 0 0 CHRISTOPHER YORK INFORMATION SYSTEMS MANAGER 265887 0 0 0 0 0 24419 0 12023 0 302329 0 0 0 SUSAN PARKER DIRECTOR OF ADMISSIONS 232807 0 0 0 0 0 21759 0 22494 0 277060 0 0 0 MICHELE MURPHY DIR ACADEMIC PRGRMS/TECHNOLOGY 250379 0 0 0 0 0 24957 0 21230 0 296566 0 0 0 DANA CROWELL CO-DIR. OF COLLEGE COUNSELING 234405 0 0 0 0 0 22076 0 17099 0 273580 0 0 0 ERIC ZAHLER DIRECTOR OF TEACHING AND LEARN 263854 0 0 0 0 0 24207 0 12413 0 300474 0 0 0 FORM 990, SCHEDULE J, PART I LINE 1A THE SCHOOL PROVIDES HOUSING TO THE HEAD OF SCHOOL. THE HOUSING BENEFIT IS PART OF THE EMPLOYMENT CONTRACT OF THE HEAD OF SCHOOL. FORM 990, SCHEDULE J, PART I, LINE 4B THE SCHOOL MAINTAINS A SECTION 457(B) DEFERRED-COMPENSATION PLAN FOR ITS HEAD OF SCHOOL. THE SCHOOL PROVIDES ANNUAL CONTRIBUTIONS TO THE PLAN ON HER BEHALF. THE CONTRIBUTION FOR THE CURRENT YEAR WAS approximately $18,000. A BUILD NYC RESOURCE CORPORATION 454040561 2013-09-25 14080000 EXPANSION/ACQUISITION OF SPACE false false false A 0 0 14080000 0 0 0 310784 0 0 13770000 0 0 false false true true A false false false false 0 false false false true A false false false false false false 0 false 0 false true A true SEE SUPP INFORMATION BOARD OF TRUSTEES MEMBER 39244 grants financial aid FORM 990, SCHEDULE L, PART III, LINE 1 AS PART OF THE SCHOOL'S EFFORTS TO SUPPORT ECONOMIC DIVERSITY AND TO PROVIDE ASSISTANCE TO ANY AND ALL COMMUNITY MEMBERS WITH DEMONSTRATED NEED, DURING THE 19-20 SCHOOL YEAR, THE SCHOOL PROVIDED AN AGGREGATE OF $39,244 IN FINANCIAL AID TO A BOARD OF TRUSTEES MEMBER. X 47 1621125 FMV false true true FORM 990, SCHEDULE M, PART I, LINE 32A THE SCHOOL USES A THIRD PARTY BROKER TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES ANAND DESAI AND ERICA DESAI ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11A THE FORMS 990, 990-T AND CT-13 ARE DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINES 12C CONFLICT OF INTEREST STATEMENTS ARE DISTRIBUTED ANNUALLY FOR COMPLETION TO ALL TRUSTEES AND KEY EMPLOYEES AT A BOARD MEETING AND COLLECTED AT THE END OF THE MEETING. THE ASSISTANT TO THE HEAD OF SCHOOL FOLLOWS UP WITH ANY TRUSTEES WHO WERE NOT PRESENT. FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED AND APPROVED BY THE OFFICERS OF THE BOARD OF TRUSTEES BASED UPON COMPARATIVE DATA PUBLISHED BY PEER SCHOOLS AND THEN RATIFIED BY THE BOARD OF TRUSTEES. THE HEAD OF SCHOOL ALSO HAS A WRITTEN EMPLOYMENT AGREEMENT. THE COMPENSATION OF THE DIRECTOR OF FINANCE AND OPERATIONS AND KEY EMPLOYEES IS REVIEWED BY THE HEAD OF SCHOOL AND THE PRESIDENT OF THE BOARD OF TRUSTEES. COMPARATIVE DATA FROM PEER SCHOOLS IS USED TO MAKE SURE COMPENSATION IS AT CURRENT MARKET RATES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THE FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 LOSS ON UNCOLLECTIBLE PLEDGES OF $101,171.