2021-05-12T09:49:11-05:00 2020-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2019-07-01 221487185 FAR BROOK SCHOOL FARB 9733793442 52 GREAT HILLS ROAD SHORT HILLS NJ 07078 CHRISTOPHER BURNS TREASURER 9733793442 2021-05-12 1 GARRETT M HIGGINS P00543209 9143818900 2021-05-12 2019 2022-09-23 18:48:47Z AMY ZIEBARTH 52 GREAT HILLS ROAD SHORT HILLS NJ 07078 10173014 0 X WWW.FARBROOK.ORG X 1948 NJ CO-EDUCATIONAL INDEPENDENT DAY SCHOOL PROVIDING EDUCATION TO STUDENTS IN GRADES NURSERY THROUGH GRADE EIGHT. OUR PURPOSE IS TO CREATE A SUPPORTIVE AND CARING COMMUNITY THAT CHERISHES LOVE OF LEARNING CREATIVITY, AND INDIVIDUALITY. 15 14 85 300 0 0 1922963 938891 8350379 8296940 210504 268922 31219 14710 10515065 9519463 1295087 1319826 0 0 6545075 6444203 0 0 475898 2385793 2059293 10225955 9823322 289110 -303859 24718108 25225751 6065725 6689507 18652383 18536244 X TO CREATE A SUPPORTIVE AND CARING COMMUNITY THAT CHERISHES LOVE OF LEARNING, CREATIVITY, AND INDIVIDUALITY, AND THAT PROVIDES TEACHERS AND STUDENTS WITH BOTH SUPPORT AND FREEDOM TO TAKE RISKS IN ORDER TO REACH THEIR FULL POTENTIAL. A FAR BROOK EDUCATION TAKES PLACE IN AN ENVIRONMENT OF NATURAL BEAUTY AND INTIMACY, WHERE CHARACTER AND CITIZENSHIP ARE VALUED AS MUCH AS ACHIEVEMENT. IMPLICIT IN OUR PHILOSOPHY IS THE GOAL OF BRINGING STUDENTS TO THEIR HIGHEST LEVEL OF ACADEMIC AND PERSONAL COMPETENCY, BOTH FOR THEIR PRESENT AND IN PREPARATION FOR THEIR FUTURE EDUCATION. IT IS OUR DESIRE TO TOUCH THE LIFE OF EVERY CHILD SO THAT HE OR SHE MAY LIVE LIFE WISELY AND WITH GREAT JOY. 0 0 7323973 1319826 8296940 FAR BROOK SCHOOL IS AN INDEPENDENT DAY SCHOOL LOCATED IN SHORT HILLS, NEW JERSEY, AND WAS INCORPORATED IN 1948 UNDER THE LAWS OF THE STATE OF NEW JERSEY. THE SCHOOL PROVIDES ELEMENTARY EDUCATION FOR BOYS AND GIRLS IN NURSERY THROUGH GRADE EIGHT. 7323973 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 72 0 85 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MINELLY SALADIN 9733793442 52 GREAT HILLS ROAD SHORT HILLS NJ 07078 AMY ZIEBARTH HEAD OF SCHOOL 50.00 X 342787 0 32599 MINELLY SALADIN DIRECTOR OF FINANCE 50.00 X 170456 0 13410 SUZANNE GLATT DIRECTOR OF DEVELOPMENT 50.00 X 140301 0 29516 NICOLE ENGELKE DIRECTOR OF UPPER SCHOOL 50.00 X 152787 0 13474 MARY E LACEY DIRECTOR OF DIVERSITY 50.00 X 136907 0 13761 VALERIE MCENTEE FACULTY MEMBER 40.00 X 107853 0 21942 EDWARD SOLECKI FACULTY MEMBER 40.00 X 108427 0 13886 ROBERTO OLAZAGASTI TRUSTEE/FACULTY MEMBER 40.00 X 76168 0 45579 MARC SCHWARTZ PRESIDENT & CHAIR 10.00 X X 0 0 0 CHRISTOPHER BURNS TREASURER 5.00 X X 0 0 0 DOAK SERGENT SECRETARY 5.00 X X 0 0 0 DIANE BAKST TRUSTEE 5.00 X 0 0 0 CARMINE FANELLE TRUSTEE 5.00 X 0 0 0 GREG HOFFMAN TRUSTEE 5.00 X 0 0 0 ROBERT KELLY TRUSTEE 5.00 X 0 0 0 LEAH KRONTHAL TRUSTEE 5.00 X 0 0 0 KRISSY MANNELLO TRUSTEE 5.00 X 0 0 0 TANYA NICHOLSON MILLER TRUSTEE 5.00 X 0 0 0 ELYSE N POST TRUSTEE 5.00 X 0 0 0 HARSH SULE TRUSTEE 5.00 X 0 0 0 RENEE SEKINO WOLFE TRUSTEE 5.00 X 0 0 0 AMY YIN TRUSTEE 5.00 X 0 0 0 1235686 0 184167 12 0 1 0 ROCKY CLEANERS LLC 11 STRAIT LANE WARREN NJ 07059 CLEANING SERVICES 142650 1 938891 938891 TUITION 611110 8171692 8171692 AFTER SCHOOL PROGRAM 611110 57291 57291 CAMP PROGRAM 611110 30688 30688 DIVERSITY CONFERENCE 611110 23433 23433 SPORTS PROGRAM 611110 6900 6900 6936 6936 8296940 177360 177360 14025 0 14025 14025 14025 745113 653551 91562 91562 91562 OTHER INCOME 900099 685 685 685 9519463 8296940 0 283632 1319826 1319826 682932 110579 572353 4315170 3212891 836210 266069 284041 217544 48839 17658 689860 591272 81511 17077 472200 315549 131038 25613 19728 19728 24727 24727 41125 41125 20719 20719 123705 99328 24377 45344 429 44915 108351 33989 50880 23482 67843 27274 33429 7140 79773 72597 7176 68628 68628 65348 56139 7919 1290 197477 197477 578235 501529 76706 47966 43651 4315 CLASSROOM SUPPLIES 180206 180206 REPAIRS & MAINTENANCE 170071 149617 20454 DONOR CULTIVATION 71908 71908 AFTERSCHOOL PROGRAM 58708 58708 89431 66740 21945 746 9823322 7323973 2023451 475898 253534 444415 1888851 2538435 2104140 1909363 54608 44567 268989 188062 19298653 6665937 12999713 12632716 7148273 7468193 24718108 25225751 794992 693233 957165 848098 4313568 4113776 0 1034400 6065725 6689507 X 9788528 11051924 8863855 7484320 18652383 18536244 24718108 25225751 X -303859 101844 85876 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5572002 52475 193363 149273 5668567 5257789 201849 244337 131973 5572002 6074008 7366 478921 1368806 5191489 5317848 219901 748216 211957 6074008 5370357 136860 21104 210473 5317848 0.77360 0.22640 0 0 73300 73300 18439106 6028913 12410193 786247 637024 149223 12632716 PAYCHECK PROTECTION PROGRAM LOAN 1034400 1034400 X 7854292 101844 101844 7752448 20719 1746296 1767015 9519463 8056307 0 8056307 20719 1746296 1767015 9823322 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO PRODUCE REVENUE TO HELP SUPPORT THE ORGANIZATION'S PROGRAMS AND INITIATIVES. 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 EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2017. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECLASSED TO PART IX, LINE 2 1,746,296. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECLASSED TO PART IX, LINE 2 1,746,296. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL IS A MEMBER OF THE NJ ASSOCIATION OF INDEPENDENT SCHOOLS (NJAIS). NJAIS PUBLISHES ITS RACIAL NON-DISCRIMINATORY POLICY, LISTING EACH MEMBER SCHOOL, EACH YEAR IN THE NEW JERSEY METRO DAILY NEWSPAPER. 1 SCHOLARSHIPS 48 1319826 PART I, LINE 2: SCHOLARSHIPS ARE PROVIDED BASED ON FINANCIAL NEED AND MERIT. A COMMITTEE OF THE BOARD OF TRUSTEES MEETS TO DETERMINE FUNDING. ACADEMIC PERFORMANCE OF SCHOLARSHIP RECIPIENTS IS MONITORED TO ENSURE THAT REQUIREMENTS ARE MET. SCHOLARSHIPS ARE APPLIED DIRECTLY AGAINST THE STUDENT'S ACCOUNT WHEN AWARDED. X X X X 0 0 0 0 0 0 0 1 0 AMY ZIEBARTH HEAD OF SCHOOL 332787 0 10000 0 0 0 32500 0 99 0 375386 0 0 0 MINELLY SALADIN DIRECTOR OF FINANCE 170456 0 0 0 0 0 8571 0 4839 0 183866 0 0 0 SUZANNE GLATT DIRECTOR OF DEVELOPMENT 140301 0 0 0 0 0 11094 0 18422 0 169817 0 0 0 NICOLE ENGELKE DIRECTOR OF UPPER SCHOOL 152787 0 0 0 0 0 13375 0 99 0 166261 0 0 0 MARY E LACEY DIRECTOR OF DIVERSITY 136907 0 0 0 0 0 13662 0 99 0 150668 0 0 0 PART I, LINE 7 AMY ZIEBARTH RECIEVED A TAXABLE DISCRETIONARY BONUS IN 2019. FORM 990, PART V, LINE 2A: THE ORGANIZATION UTILIZES THE SERVICES OF A PROFESSIONAL EMPLOYER ORGANIZATION ("PEO") AND W-2 FORMS ARE ISSUED UNDER THE EIN OF THE PEO. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS A PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE AUDIT COMMITTEE AND TREASURER REVIEW THE FORM 990 AND MAKE A RECOMMENDATION TO THE BOARD TO APPROVE THE RETURN. THE BOARD IS PROVIDED A PUBLIC INSPECTION COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS (SCHEDULE B IS REDACTED FROM THE COPY REVIEWED BY THE BOARD). FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO THE BOARD OF TRUSTEES. TRUSTEES HAVE A DUTY TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST WITH THE BOARD. AFTER DISCLOSURE OF ANY CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, THE BOARD WILL MAKE A DETERMINATION ON WHETHER TO APPROVE THE CONTRACT OR TRANSACTION. A PERSON WHO HAS A CONFLICT OF INTEREST MAY NOT PARTICIPATE IN THE BOARD'S DISCUSSION ON THE MATTER, EXCEPT TO DISCLOSE MATERIAL FACTS, AND MAY NOT VOTE ON THE CONTRACT OR TRANSACTION. THE DISCUSSION AND DELIBERATION IS TO BE REFLECTED IN THE MINUTES OF THE MEETING. EACH TRUSTEE IS REQUIRED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. IN ADDITION, EACH TRUSTEE IS REQUIRED TO COMPLETE AN ANNUAL QUESTIONNAIRE TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. THE DISCLOSURE FORMS ARE PROVIDED TO THE CHAIR OF THE BOARD, WHO IS RESPONSIBLE FOR THE IMPLEMENTATION OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND DETERMINES COMPENSATION OF THE HEAD OF SCHOOL. MARKET ANALYSIS IS PERFORMED USING COMPARABILITY DATA FROM FORMS 990 OF OTHER ORGANIZATIONS AND INDUSTRY SURVEYS, INCLUDING SALARY LEVELS OF MEMBER SCHOOLS PART OF THE NEW JERSEY ASSOCIATION OF INDEPENDENT SCHOOLS. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE CONTEMPORANEOUSLY DOCUMENTED IN THE SCHOOLS' RECORDS. THE COMPENSATION OF THE DIRECTOR OF FINANCE AND OTHER EMPLOYEES OF THE ORGANIZATION IS REVIEWED BY THE BOARD OF TRUSTEES. COMPARABILITY DATA FROM MEMBER SCHOOLS PART OF THE NEW JERSEY ASSOCIATION OF INDEPENDENT SCHOOLS IS UTILIZED IN THE PROCESS. ANNUALLY, THE BOARD OF TRUSTEES APPROVES THE COMPENSATION INCREASES. THE PROCESS AS OUTLINED ABOVE WAS LAST CONDUCTED IN 2020. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG AND SIMILAR WEBSITES. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 8: IN 2020, THE SCHOOL RESTATED ITS 2019 FINANCIAL STATEMENTS IN ORDER TO PROPERLY REFLECT THE ASSETS, LIABILITIES AND CHANGE IN NET ASSETS AS OF AND FOR THE YEAR ENDED JUNE 30, 2019 AS WELL AS NET ASSETS AS OF JUNE 30, 2018. THE FOLLOWING ACCOUNTS WERE ADJUSTED: CONTRIBUTIONS RECEIVABLE ACCOUNTS PAYABLE AND ACCRUED EXPENSES TUITION AND FEES RECEIVED IN ADVANCE