2021-04-27T16:09:33-05:00 2020-06-30 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2019-07-01 210688891 CHAPIN SCHOOL CHAP 6099242449 4101 PRINCETON PIKE PRINCETON NJ 08540 BARBARA PASTERIS HEAD OF SCHOOL 6099242449 2021-04-27 1 BRIDGET HARTNETT P01429163 9739949494 2021-04-27 2019 2022-09-23 18:48:47Z BARBARA PASTERIS 4101 PRINCETON PIKE PRINCETON NJ 08540 9904439 0 X WWW.CHAPINSCHOOL.ORG X 1951 NJ CHAPIN SHARES A COMMITMENT TO EACH CHILD'S ACADEMIC, EMOTIONAL, ETHICAL, CREATIVE, PHYSICAL, AND SOCIAL DEVELOPMENT. IN SMALL CLASSES THAT PROMOTE ACTIVE LEARNING, DEDICATED FACULTY CREATE ENVIRONMENTS WHERE CRITICAL THINKING, EFFECTIVE COMMUNICATION, CREATIVITY AND CURIOSITY FLOURISH. ENCOUNTERING CHALLENGES THAT LEAD TO SUCCESS, STUDENTS DEVELOP A POSITIVE SENSE OF SELF. A STRONG COMMITMENT TO CHAPIN'S FIVE VIRTUES (RESPECT, RESPONSIBILITY, HONESTY, KINDNESS, AND PERSEVERANCE) FOSTER AN ENVIRONMENT FOR CHARACTER DEVELOPMENT THAT COMPLEMENTS OUR RIGOROUS ACADEMIC PROGRAMS. 20 20 115 60 0 0 648323 1400757 7533175 7473594 164827 5256 70341 82840 8416666 8962447 1971540 1956888 0 0 5033927 5148223 0 0 241333 2746184 2404319 9751651 9509430 -1334985 -546983 22059782 21488985 10371374 10724698 11688408 10764287 X CHAPIN IS DEDICATED TO THE BELIEF THAT LIFELONG HABITS OF THE MIND AND HEART ARE FORMED IN THE ELEMENTARY AND MIDDLE SCHOOL YEARS. CHAPIN PROVIDES A RICHLY TEXTURED EDUCATION THAT INSPIRES ACADEMIC ACHIEVEMENT AND BUILDS STRENGTH OF CHARACTER. WITHIN A DIVERSE, CARING AND SUPPORTIVE COMMUNITY, WE PREPARE OUR STUDENTS TO MEET THE FUTURE WITH SKILL, CONFIDENCE, DETERMINATION AND GENEROSITY OF SPIRIT. 0 0 6821024 1956888 7473594 CHAPIN PROVIDES A RICHLY TEXTURED EDUCATION THAT INSPIRES ACADEMIC ACHIEVEMENT AND BUILDS STRENGTH OF CHARACTER. WITHIN A DIVERSE, CARING AND SUPPORTIVE COMMUNITY, WE PREPARE OUR STUDENTS TO MEET THE FUTURE WITH SKILL, CONFIDENCE, DETERMINATION AND GENEROSITY OF SPIRIT. THROUGH A STEAM CROSS-DISCIPLINARY CURRICULUM, ENRICHED MATH AND LANGUAGE ARTS, AND DISCUSSION BASED CLASSES; CHAPIN SHARES A COMMITMENT TO EACH CHILD'S ACADEMIC, EMOTIONAL, ETHICAL, CREATIVE, PHYSICAL, AND SOCIAL DEVELOPMENT -- FROM EXPLORERS THROUGH GRADE 8. 6821024 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 12 0 1 115 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X THE ORGANIZATION 6099242449 4101 PRINCETON PIKE PRINCETON NJ 08540 CHRIS FOGLIO CHARTER TRUSTEE 2.00 X 0 0 0 PHIROZE RAO PRESIDENT 4.00 X X 0 0 0 JEFFREY RUSSO TRUSTEE 2.00 X 0 0 0 BEN BICKFORD CHARTER TRUSTEE 2.00 X 0 0 0 CHETAN BHARGIRI TREASURER 4.00 X X 0 0 0 PAUL ALFIERI TRUSTEE 2.00 X 0 0 0 MICHELLE BAJWA TRUSTEE 2.00 X 0 0 0 RAYMOND CABOT TRUSTEE 2.00 X 0 0 0 DAVID LAWS TRUSTEE 2.00 X 0 0 0 GEORGE MCCLELLAN VICE PRESIDENT 4.00 X X 0 0 0 KRISTIN MCLAUGHLIN TRUSTEE 2.00 X 0 0 0 MARYANNE QUINN SECRETARY 4.00 X X 0 0 0 DEBORAH PEREIRA REPKO TRUSTEE 2.00 X 0 0 0 VANI PENDYALA TRUSTEE 2.00 X 0 0 0 SUKHI HOTHI-SANGHA TRUSTEE 2.00 X 0 0 0 ROY CODDINGTON TRUSTEE 2.00 X 0 0 0 THEO CHENG TRUSTEE 2.00 X 0 0 0 JAMES WALTERS TRUSTEE 2.00 X 0 0 0 STACEY SHAH TRUSTEE 2.00 X 0 0 0 PETER WILBY ADVISORY TRUSTEE 2.00 X 0 0 0 EVE GOLFINOPOULOS EX OFFICIO/PARENTS ASSOCIATION PRESIDENT 2.00 X 0 0 0 BARBARA PASTERIS HEAD OF SCHOOL 50.00 X 204750 0 23596 MARK LEDERER DIRECTOR OF TECHNOLOGY & C 45.00 X 120000 0 19638 SHANA LINDSEY HEAD OF LOWER SCHOOL 45.00 X 111100 0 13193 GILBERTO OLVERA HEAD OF UPPER SCHOOL 45.00 X 111100 0 5555 546950 0 61982 4 0 1 0 0 23033 1377724 261849 1400757 TUITION 611110 7295215 7295215 AFTER SCHOOL PROGRAM 611110 78585 78585 LUNCH PROGRAM 611110 27079 27079 PARENT ASSOCIATION 611110 26933 26933 CLUBS 611110 17127 17127 28655 28655 7473594 61452 61452 74114 8540 65574 65574 65574 870091 926287 -56196 -56196 -56196 21250 23033 7165 14085 14085 MISCELLANEOUS 900099 3181 3181 3181 8962447 7473594 0 88096 1956888 1956888 229168 192279 27651 9238 3757079 3156975 451711 148393 178515 147882 22193 8440 693758 574711 86251 32796 289703 239991 36017 13695 20918 20918 27425 27425 17312 17312 8380 8380 83783 83783 16322 4491 10933 898 109468 71757 27440 10271 123351 115950 7401 26659 23316 3093 250 224570 224570 1091392 1091392 106057 15048 91009 REPAIRS & MAINTENANCE 273602 273602 SUPPLIES 114495 114495 OTHER EXPENSES 85056 47929 19775 17352 AUXILLARY 73454 73454 2075 2075 9509430 6821024 2447073 241333 910991 1349020 514832 398733 401285 805057 69320 83590 14128 14128 6624 7988 28507588 12119068 17328438 16388520 2814164 2441949 22059782 21488985 649576 524964 2293251 1874694 7328101 7084916 100446 1240124 10371374 10724698 X 8550175 8926153 3138233 1838134 11688408 10764287 22059782 21488985 X -546983 20073 -397211 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3004431 33508 1327484 1710455 3585363 15117 72588 668637 3004431 3456970 1053593 176768 1101968 3585363 3677764 409084 367749 997627 3456970 5236898 1106 -81610 1478630 3677764 0.03000 0.97000 0 0 1980125 1980125 22421640 8276824 14144816 781119 663267 117852 3258103 3112376 145727 66601 66601 0 16388520 CAPITAL LEASE OBLIGATIONS 31067 INTEREST-RATE SWAP LIABILITY 424257 REFUNDABLE ADVANCES 784800 1240124 X 6666755 20073 10238 -351803 -321492 6988247 17312 1956888 1974200 8962447 7590876 10238 45408 55646 7535230 1974200 1974200 9509430 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO FURTHER THE MISSION AND PROGRAMS OF THE ORGANIZATION IN ACCORDANCE WITH DONOR RESTRICTIONS. PART X, LINE 2: THE SCHOOL FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING 2020 AND 2019. AT JUNE 30, 2020 AND 2019, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 7,165. BUILDING USE EXPENSES 8,540. LOSS ON INTEREST RATE SWAP -367,508. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,956,888. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 7,165. BUILDING USE EXPENSES 8,540. BAD DEBT 29,703. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,956,888. INVESTMENT FEES 17,312. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 YES, THE ORGANIZATION HAS PUBLICIZED ITS POLICY THROUGH AN OUTSIDE ORGANIZATION, THE NJAIS, THAT HANDLES THE BROADCAST. AUCTION 22625 1375 21250 6496 RUNATHON 21658 21658 669 44283 23033 21250 7165 7165 14085 1 FINANCIAL AID TO STUDENTS 98 1956888 FMV FINANCIAL AID TO STUDENTS PART I, LINE 2: GRANTS ARE REDUCTIONS OF TUITION OWED TO THE SCHOOL BY STUDENTS. NO FUNDS ARE RELEASED. NEED BASED SCHOLARSHIPS ARE CREDITED TO INDIVIDUAL STUDENT ACCOUNTS,REDUCING THE AMOUNT DUE. RECIPIENTS ARE REQUIRED TO FILE A FINANCIAL STATEMENT WITH AN INDEPENDENT AGENCY WHO EVALUATES THE STATEMENT AND MAKES A RECOMMENDATION TO THE SCHOOL OF THE AMOUNT OF SCHOLARSHIP THE APPLICANT SHOULD RECEIVE. THE SCHOOL CONSIDERS THE RECOMMENDATION TOGETHER WITH THE TOTAL FUNDS AVAILABLE FOR SCHOLARSHIPS AND MAKES AWARDS ACCORDINGLY BASED UPON THE NEED OF THE STUDENT AND THE AVAILABILITY OF FUNDS. X X 0 0 0 0 0 0 0 0 0 BARBARA PASTERIS HEAD OF SCHOOL 204750 0 0 0 0 0 15356 0 8240 0 228346 0 0 0 A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 2016-02-19 8200000 REFINANCE EXISTING LOAN FOR SCHOOL ADDITION 0 0 0 A 8200000 115520 8084750 2015 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 0 VARIOUS TRUSTEES BOARD MEMBER 59740 FINANCIAL AID/SCHOLARSHIP PROVIDE SUPPORT TO ALLOW FINANCIALLY NEEDY TO ATTEND THE SCHOOL. X 2 211903 FMV X 1 15510 FMV X RADIOS & F&F 1 17800 FMV X SECURITY CAMERA 1 9559 FMV X COMPUTER EQUIPMENT 1 7077 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE SCHOOL, WHO ARE PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED AT THE SCHOOL, ARE INVITED TO ATTEND ANNUAL MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES REVIEWS THE SCHOOL'S AUDITED FINANCIAL STATEMENTS AND FORM 990. THE REVIEW IS ASSIGNED BY THE BOARD OF TRUSTEES TO THE BOARD'S FINANCE COMMITTEE, WHICH APPROVES THE FINANCIAL STATEMENTS AND THE FORM 990 UPON SUCCESSFUL COMPLETION. THE FULL BOARD RECEIVES COPIES OF FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE TRUSTEES REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN THE CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES THE HEAD OF SCHOOL'S COMPENSATION, WHO ESTABLISHES AN ACCEPTABLE COMPENSATION RANGE FOR THE OFFICERS BASED UPON INFORMATION OBTAINED FROM COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP -367,508. BAD DEBT -29,703. FORM 990, PART XII, LINE 2C, OVERSIGHT OF AUDIT NO CHANGE IN ITS OVERSIGHT PROCESS OR SELECTION PROCESS FROM THE PRIOR YEAR.