2020-04-08T15:25:04-05:00 2019-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2018-07-01 131635257 The Chapin School Ltd % MARC BOGURSKY C/O CHAPIN SCH CHAP 2125704984 100 EAST END AVENUE NEW YORK NY 10028 MARC G BOGURSKY CFO 2125704984 2020-04-07 true WILLIAM EPSTEIN P01307171 2129498700 64.238.150.4 26505220200995000024 2020-04-08 P 8B157416A116837EC6BFC69048563AD0574ECD35 8B157416A116837EC6BFC69048563AD0574ECD35 2018 2020-09-22 18:59:49Z Patricia Hayot Head of School 100 EAST END AVENUE NEW YORK NY 10028 79867850 false X WWW.CHAPIN.EDU X 1929 NY THE CHAPIN SCHOOL IS AN INDEPENDENT DAY School for young women in Grades K-12. Chapin's committed to preparing YOUNG WOMEN TO THRIVE/LEAD THROUGH THE PURSUIT Of Academic EXCELLENCE. 26 25 282 450 0 0 20384759 15596270 36827419 39753369 4911485 7375995 179694 275340 62303357 63000974 6008267 6468143 0 0 26045764 25242238 0 0 2904155 17048944 17963143 49102975 49673524 13200382 13327450 375673720 385906342 140536019 141927986 235137701 243978356 THE CHAPIN SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR YOUNG WOMEN IN GRADES K THROUGH 12. CHAPIN IS COMMITTED TO PREPARING YOUNG WOMEN TO THRIVE AND LEAD THROUGH THE PURSUIT OF ACADEMIC EXCELLENCE, PERSONAL INTEGRITY AND COMMUNITY RESPONSIBILITY. false false 37607054 6468143 39753369 THE SCHOOL MEETS THE EDUCATIONAL NEEDS OF APPROXIMATELY 800 STUDENTS FROM KINDERGARTEN THROUGH 12TH GRADE, WITH AN INSTRUCTIONAL STAFF OF 109 AND THE ADDITIONAL SUPPORT OF 59 EMPLOYEES. GRANTS ARE GIVEN BY THE SCHOOL IN THE FORM OF FINANCIAL AID TO ELIGIBLE STUDENTS. DURING THE SCHOOL YEAR ENDED JUNE 30 2019, 172 ELIGIBLE STUDENTS WERE AWARDED SUCH SCHOLARSHIPS. 37607054 true true false false false false false false false true true false false false true true true false true false true false false true false false false false true true true false false false false false true false false false false true false false false false false false false false true 63 0 282 true false false false false false false false false false false false false X 26 25 false false false false false false false true true false false true true true true true true true true false NY X MARC BOGURSKY CO CHAPIN SCH 2125704984 100 EAST END AVENUE NEW YORK NY 10028 LeeAnn Black Chair 20.0 0.0 X X 0 0 0 Robert Baynard Vice Chair, Finance 5.0 0.0 X X 0 0 0 Clarence Mitchell Secretary 5.0 0.0 X X 0 0 0 Alexa Bator Chae Assistant Secretary 5.0 0.0 X X 0 0 0 Denise Bailey-Castro Trustee 2.0 0.0 X 0 0 0 Melinda Cheng Trustee 2.0 0.0 X 0 0 0 James H Clark Trustee 2.0 0.0 X 0 0 0 Rodney S Cohen Trustee 2.0 0.0 X 0 0 0 Stephanie Coleman Trustee 2.0 0.0 X 0 0 0 Bettina Goldstein Decker Trustee 2.0 0.0 X 0 0 0 Christina Diggs Trustee 2.0 0.0 X 0 0 0 Claudio Garcia Trustee 2.0 0.0 X 0 0 0 Brian J Higgins Trustee 2.0 0.0 X 0 0 0 Mona Aboelnaga Kanaan Trustee 2.0 0.0 X 0 0 0 Beth Kojima Trustee 2.0 0.0 X 0 0 0 Kim Krinsky Trustee 2.0 0.0 X 0 0 0 Eric Lane Trustee 2.0 0.0 X 0 0 0 William S Macklowe Trustee 2.0 0.0 X 0 0 0 Joanna McClure Trustee 2.0 0.0 X 0 0 0 Lawrence Neubauer Trustee 2.0 0.0 X 0 0 0 Linda Gosden Robinson Trustee 2.0 0.0 X 0 0 0 Dr Samantha Boardman Rosen Trustee 2.0 0.0 X 0 0 0 Carolyn Rowan Trustee 2.0 0.0 X 0 0 0 Burwell Espy Schorr Trustee 2.0 0.0 X 0 0 0 Bara Tisch Trustee 2.0 0.0 X 0 0 0 Patricia Hayot Head of School 40.0 0.0 X X 865070 0 143364 Marc Bogursky Chief Financial Officer 40.0 0.0 X 283151 0 43364 Mary Jo Quigley Associate Head of School 40.0 0.0 X 237676 0 39043 Mary Rafferty Head of Middle School 40.0 0.0 X 234640 0 36770 Anne Borland Director of Development 40.0 0.0 X 207385 0 30950 Thomas Palermo Plant Director 40.0 0.0 X 200287 0 34821 Ilana Pergam Director of Studies 40.0 0.0 X 197596 0 33592 2225805 0 361904 77 false true false JRM CONSTRUCTION MANAGEMNT LLC 242 WEST 32ND STREET NEW YORK NY 10018 CONSTRUCTION 40216616 ARAMARK CORPORATION PO BOX 7790-4230 PHILADELPHIA PA 19182 FOOD SERVICES 1644992 NK ARCHITECTS 95 WASHINGTON STREET MORRISTOWN NJ 07960 ARCHITECTS 1405350 ABM INDUSTRIES INC PO BOX 1534 NEW YORK NY 100081534 ARCHITECTS 1337612 SITE SAFETY LLC 21 WEST 38TH STREET NEW YORK NY 10018 SAFETY CONSULTANT 931849 39 580947 15015323 904673 15596270 TUITION INCOME 611710 37479825 37479825 LUNCHROOM INCOME 611710 1461450 1461450 TECHNOLOGY FEES 611710 310110 310110 CLASS TRIP FEES 611710 223925 223925 ATHLETIC FEES 611710 166800 166800 111259 111259 39753369 3835862 3835862 0 0 900 900 0 900 900 20367608 16827475 3540133 3540133 3540133 0 0 0 0 0 0 119003 39401 79602 79602 OTHER INCOME 900099 194838 194838 194838 63000974 40027809 7376895 0 6468143 6468143 0 0 1291250 386500 614875 289875 0 18284305 13935071 3058403 1290831 1877094 1370278 356648 150168 2443172 1220674 1103135 119363 1346417 982885 255819 107713 0 218474 218474 69385 69385 60000 60000 0 65514 65514 608472 525509 82963 0 1597136 219324 999815 377997 0 0 868922 615049 183833 70040 14399 10903 1994 1502 0 229973 109436 90513 30024 973055 797905 145958 29192 0 6074111 4980771 911117 182223 422511 346459 63377 12675 OTHER INSTRUCTIONAL EXPENSE 1274736 1274736 LUNCH ROOM EXPENSE 1471120 1471120 BUILDING AND MAINTENANCE 3319641 2722106 497946 99589 STUDENT ACTIVITIES 246083 246083 449611 449611 49673524 37607054 9162315 2904155 8677442 4528762 58529911 48562920 19486526 12990760 1241989 1417152 500000 500000 0 0 0 0 0 0 210218 324997 278375121 60846085 174775667 217529036 93033985 83690642 17391367 14557088 0 0 0 0 1826615 1804985 375673720 385906342 11474968 12648451 0 0 5820656 7288758 122094512 120968071 0 0 0 0 0 0 0 0 1145883 1022706 140536019 141927986 X 210427665 213052043 21588868 19067484 3121168 11858829 235137701 243978356 375673720 385906342 X 13327450 -2950482 -1536313 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 113041056 2144103 7122809 9171095 113136873 110382934 6347131 2548991 6238000 113041056 106680506 6635661 3474767 6408000 110382934 107485393 25100 5424013 6254000 106680506 106761257 6779136 6055000 107485393 0.87000 0.10000 0.03000 false false 1264097 1264097 133579019 46972791 86606228 14772946 13873294 899652 128759059 128759059 217529036 0 AND ANNUITY INCOME GIFTS 161412 ACCRUED BOND INTEREST 861294 1022706 X 53556236 -2950482 39401 -2911081 56467317 65514 6468143 6533657 63000974 44715581 1575714 1575714 43139867 65514 6468143 6533657 49673524 SCHEDULE D, PART V, LINE 4 USE OF ENDOWMENT FUNDS: The School's Endowment Funds provide a predictable stream of funding to programs supported by its endowment, while seeking to maintain the purchasing power of the endowment. SCHEDULE D, PART X, LINE 2 Income Tax Uncertainties: 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. Since the School has always recorded any potential tax liabilities and due to its general not-for-profit status, ASC Topic 740 has not had, and is not anticipated to have, a material impact on the School's financial statements. SCHEDULE D, PART XI, LINE 2D OTHER REVENUE INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED IN FORM 990: BOOK STORE EXPENSE $39,401 SCHEDULE D, PARTS XI AND XII, LINES 4B AMOUNTS INCLUDED IN FORM 990 NOT INCLUDED IN FINANCIAL STATEMENTS: SCHOLARSHIP EXPENSE $6,468,143 SCHEDULE D, PART XII, LINE 2D OTHER EXPENSE INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED IN FORM 990: BOOK STORE EXPENSE $39,401 AND BAD DEBT EXPENSES OF $1,536,313 TOTALING $1,575,714 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 PUBLICATION OF NONDISCRIMINATORY POLICY: THE SCHOOL MAKES ALL INTERESTED PARTIES AWARE OF ITS NONDISCRIMINATION POLICY THROUGH NEWSPAPER ADVERTISEMENT, BROCHURES AND OTHER MEDIA. SCHEDULE E, PART I, LINE 6A ASSISTANCE FROM GOVERNMENT: THE SCHOOL RECEIVED FINANCIAL ASSISTANCE FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR MANDATED SERVICES. THE FINANCIAL ASSISTANCE AMOUNTED TO $580,947. Central America and the Caribbean 0 0 Investments NONE 14557088 0 0 0 0 14557088 14557088 false false false false true false Schedule F, PART IV, LINE 5 Foreign Investments: The School maintains investments in foreign partnerships. All related filings for these investments are completed appropriately and filed on a timely basis, when required. The foreign investments noted on Schedule F, PART I, Line 3 are reported based at their fair value using the accrual method in accordance the U.S. GAAP. X X X X X true COMMUNITY COUNSELING SERVICE CO LL CAP CAMP PLANNING false 60000 60000 NY true STUDENT SCHOLARSHIPS 172 6468143 FMV Tuition reduction SCHEDULE I, PART I, LINE 2 THE CHAPIN SCHOOL SUPPORTS ECONOMIC DIVERSITY THROUGH A FINANCIAL AID PROGRAM, AVAILABLE TO STUDENTS AT ALL GRADE LEVELS. THE PROGRAM, BASED SOLELY ON NEED, IS AVAILABLE TO ACADEMICALLY QUALIFIED STUDENTS. THE CHAPIN SCHOOL BELIEVES THAT THE PRIMARY FINANCIAL RESPONSIBILITY FOR A CHILD'S EDUCATION RESTS WITH THE PARENTS, TO THE FULL EXTENT THAT THEY ARE ABLE. THE GOAL OF THE FINANCIAL AID PROGRAM IS TO OFFSET THE DIFFERENCE BETWEEN THE COST OF ATTENDANCE AND A FAMILY'S AVAILABLE FINANCIAL RESOURCES. ADMISSIONS DECISIONS ARE MADE WITHOUT REGARD TO FINANCIAL NEED. LIKE MOST INDEPENDENT SCHOOLS, CHAPIN USES THE STANDARDIZED CALCULATION DERIVED BY THE SCHOOL AND STUDENT SERVICE ("SSS") FOR FINANCIAL AID, A DIVISION OF the NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, TO CALCULATE A FAMILY'S CONTRIBUTION TO THE COST OF A CHAPIN EDUCATION. THIS SYSTEM CONSIDERS GROSS TAXABLE AND NON-TAXABLE INCOME, ASSETS, LIABILITIES, FAMILY SIZE AND THE NUMBER OF STUDENTS IN TUITION-CHARGING SCHOOLS OR COLLEGES. AFTER AN ALLOWANCE FOR BASIC NECESSITIES AND REQUIRED TAXES, THE REMAINING FUNDS ARE CONSIDERED AVAILABLE FOR EDUCATION ON A SLIDING SCALE. EVERY FAMILY APPLYING FOR FINANCIAL AID BEGINS BY COMPLETING THE PARENTS' FINANCIAL STATEMENT (PFS). THE DATA IN THIS APPLICATION IS ANALYZED BY SSS AND A RECOMMENDATION OF FAMILY CONTRIBUTION IS REPORTED TO CHAPIN AND TO THE FAMILY. THE CHAPIN SCHOOL WILL REVIEW, RE-ANALYZE AND, IF NECESSARY, RE-COMPUTE THIS RECOMMENDATION IN ACCORDANCE WITH SCHOOL POLICIES, GEOGRAPHICAL LOCATION, COST-OF-LIVING DIFFERENCES, AND OTHER FACTORS TO DETERMINE THE AWARDS. X X X true true X X X X false true false false false false false false false Patricia Hayot Head of School 865070 0 0 0 0 0 131889 0 11475 0 1008434 0 0 0 Marc Bogursky Chief Financial Officer 283151 0 0 0 0 0 31889 0 11475 0 326515 0 0 0 Mary Jo Quigley Associate Head of School 237676 0 0 0 0 0 27568 0 11475 0 276719 0 0 0 Mary Rafferty Head of Middle School 234640 0 0 0 0 0 25295 0 11475 0 271410 0 0 0 Anne Borland Director of Development 207385 0 0 0 0 0 19475 0 11475 0 238335 0 0 0 Thomas Palermo Plant Director 200287 0 0 0 0 0 23346 0 11475 0 235108 0 0 0 Ilana Pergam Director of Studies 197596 0 0 0 0 0 22117 0 11475 0 231188 0 0 0 SCHEDULE J, PART I, LINE 1A COMPENSATION: THE COMPENSATION COMMITTEE OF THE TRUSTEES DETERMINES THE ANNUAL INCREASE FOR THE HEAD OF THE SCHOOL. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR OTHER EMPLOYEES. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA. HOUSING: CHAPIN REQUIRES ITS HEAD OF SCHOOL TO USE A SCHOOL OWNED RESIDENCE TO CONDUCT SCHOOL RELATED BUSINESS AND TO HOST FREQUENT SCHOOL RELATED ACTIVITIES FOR THE CONVENIENCE OF THE SCHOOL. SCHEDULE J, PART I, LINE 4B THE SCHOOL MAINTAINS A DEFERRED COMPENSATION PLAN FOR ITS HEAD OF SCHOOL. DURING CALENDAR YEAR 2018, THE SCHOOL CONTRIBUTED $100,000 TO THIS PLAN. A NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 12008ELW4 2016-08-24 25000000 CIVIC FACILITY REVENUE BONDS Serie false false false B NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 12008ELX2 2016-08-24 25000000 CIVIC FACILITY REVENUE BONDS Serie false false false C NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 12008ELY0 2016-08-24 25000000 CIVIC FACILITY REVENUE BONDS Serie false false false D NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 12008ENM4 2017-12-20 25000000 CIVIC FACILITY REVENUE BONDS Serie false false false A 0 0 25000000 0 1790939 0 206164 0 0 0 23002897 0 2017 true false true true B 0 0 25000000 0 1790939 0 206164 0 0 0 23002897 0 2017 true false true true C 0 0 25000000 0 1790939 0 206164 0 0 0 23002897 0 2017 true false true true D 0 0 25000000 0 1790939 0 648226 0 0 0 22560835 0 2018 true false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false false false false false false 0 false 0 false true B false false false false false false 0 false 0 false true C false false false false false false 0 false 0 false true D false false false false false false 0 false 0 false true A true B true C true D true PATRICIA HAYOT Head of School - HOUSING MORTGAGE (Mortgage due 2021) X 500000 500000 false true true 500000 X 74 904673 FMV false true true SCHEDULE M, PART I, LINE 32 THE SCHOOL USES CHARLES SCHWAB TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11A REVIEW OF FORM 990: The audit committee of the board confers with the CHIEF FINANCIAL OFFICER to review the form 990 and its required attachments and schedules. A thorough review of all financial and narrative information is undertaken to make sure all reports and schedules reflect the actual operating results of the school for the most recently completed fiscal year. A final draft copy of the form 990 is provided to the full board prior to its filing. After review, the CHIEF FINANCIAL OFFICER files the completed return with the internal revenue service. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: TRUSTEES AND PROFESSIONAL STAFF ARE REQUIRED TO ATTEST ANNUALLY TO THEIR FAMILIARITY WITH THE SCHOOL'S POLICIES AND PROVIDE INFORMATION CONCERNING ANY POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A AND 15B COMPENSATION: THE COMPENSATION COMMITTEE OF THE TRUSTEES DETERMINES THE ANNUAL INCREASE FOR THE HEAD OF THE SCHOOL. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR OTHER EMPLOYEES. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA. FORM 990, PART VI, SECTION C, LINE 18 AND 19 PUBLIC INSPECTION: THE SCHOOL MAKES ITS FORM 990, CHAR500, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST, OR THOSE SAME FORMS MAY BE OBTAINED THROUGH WWW.CHARITIESNYS.COM AND WWW.GUIDESTAR.ORG. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE DISTRIBUTED INTERNALLY AND ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS CONSISTS OF BAD DEBT EXPENSES OF $1,536,313.