2020-05-05T09:26:27-05:00 2019-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2018-07-01 135562268 LITTLE RED SCHOOL HOUSE INC % JOSHUA MARKS LITT 2124775316 40 CHARLTON STREET NEW YORK NY 10014 JOSHUA MARKS CFO 2124775316 2020-04-14 true Catherine Bendall P00521196 7328281614 2020-04-14 65.124.179.195 22006220201265000078 2020-05-05 P B33CABB23D5CE3CA1C0C865BDA1C090BCD4BD5D7 18FE6C785C3AEB2541D61864D8FA083D365D364E 2018 2020-09-23 17:36:50Z PHIL KASSEN 40 CHARLTON STREET NEW YORK NY 10014 36415770 false X WWW.LREI.ORG X 1932 NY A leader in progressive education since 1921, LREI teaches children to be independent thinkers who work together to solve complex problems. See Schedule O for full statement. 33 30 392 200 0 0 4798333 4457454 30871263 31265031 81758 265811 74641 287173 35825995 36275469 6355813 6366437 0 0 19425626 20296715 0 0 1226744 8792207 9195251 34573646 35858403 1252349 417066 45535880 49568061 21624017 25312398 23911863 24255663 X A leader in progressive education since 1921, LREI teaches children to be independent thinkers who work together to solve complex problems. (SEE SCHEDULE O FOR full mission statement) false false 26582164 6366437 31552204 See Schedule O for LREI program description. 26582164 true true false false false false false false false true true false false false true true true false true false false 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 41 0 true 392 true false false false false false true true false false false false false false X 33 30 false false false false false false false true true false false true true true true true true true true false NY X JOSHUA MARKS 2124775316 40 CHARLTON STREET NEW YORK NY 10014 EUNU CHUN TRUSTEE 2.0 0.0 X 0 0 0 KEN CORNICK TRUSTEE 2.0 0.0 X 0 0 0 Francis Greenburger TRUSTEE 2.0 0.0 X 0 0 0 DAWN EIG Secretary 2.0 0.0 X X 0 0 0 James Harris Chair 2.0 0.0 X X 0 0 0 Dave Olsen Treasurer 2.0 0.0 X X 0 0 0 Sean Paroff TRUSTEE 2.0 0.0 X 0 0 0 Kasey Picayo TRUSTEE 2.0 0.0 X 0 0 0 Robert Rosenthal TRUSTEE 2.0 0.0 X 0 0 0 Susie Scher Trustee 2.0 0.0 X 0 0 0 Kent G Smith TRUSTEE 2.0 0.0 X 0 0 0 TAMAR GARGLE KRAKOWIAK TRUSTEE 2.0 0.0 X 0 0 0 WILNELIA GUTIERREZ TRUSTEE 2.0 0.0 X 0 0 0 Amy Zimmerman Trustee 2.0 0.0 X 0 0 0 ELIZABETH KURTZMAN TRUSTEE 2.0 0.0 X 0 0 0 TIM MERJOS TRUSTEE 2.0 0.0 X 0 0 0 BOAZ SIDIKARO TRUSTEE 0.0 0.0 X 0 0 0 JAMAL YOUNG TRUSTEE 2.0 0.0 X 0 0 0 EVE STUART TRUSTEE 0.0 0.0 X 0 0 0 KIMBROUGH TOWLES TRUSTEE 2.0 0.0 X 0 0 0 MARIET WESTERMANN Vice Chair 2.0 0.0 X X 0 0 0 JULIA HEATON TRUSTEE 2.0 0.0 X 0 0 0 CHARLIE HOMET TRUSTEE 2.0 0.0 X 0 0 0 PURVI PADIA TRUSTEE 2.0 0.0 X 0 0 0 Margaret Andrews Trustee & Math Teacher 37.0 0.0 X 130629 0 23899 Jane Belton Trustee & English Teacher 37.0 0.0 X 80201 0 63503 Daniele Dolin Trustee 2.0 0.0 X 0 0 0 Katherine Fleming Trustee 2.0 0.0 X 0 0 0 Alejandro Montoya Trustee 2.0 0.0 X 0 0 0 Anh-Van Nguyen Trustee 2.0 0.0 X 0 0 0 Yukie Ohta Trustee 2.0 0.0 X 0 0 0 Halee Sage Trustee 2.0 0.0 X 0 0 0 Alisa Soriano Trustee & Lower School Teacher 37.0 0.0 X 83069 0 19558 JOSHUA MARKS CFO 50.0 0.0 X 174110 0 27884 Phil Kassen DirectoR 60.0 0.0 X 328075 0 82958 MARK SILBERBERG DIRECTOR OF INNOVATION & TECH 50.0 0.0 X 176868 0 66450 Jennifer Weil Director of Advancement 50.0 0.0 X 85000 0 30922 TEMA TISCHLER HR & BUSINESS MANAGER 45.0 0.0 X 156403 0 29520 SANDRA K CHAPMAN DIR. OF DIVERSITY 45.0 0.0 X 147241 0 66735 MARY P YOUNG DIRECTOR OF ADMISSIONS 45.0 0.0 X 151131 0 26284 Cari Kosins Dir of Summer & Afterschool 45.0 0.0 X 126543 0 109231 1639270 0 546944 9 false true false CATER TO YOU 665 Broadway Suite 503 NEW YORK NY 10012 FOOD SERVICE 1114530 AUSTIN CO INC 20 CORPORATE WOODS BLVD ALBANY NY 12211 INSURANCE/CONSULTING 247774 Community Counseling Services PO Box 824885 PHILADELPHIA PA 19182 Fundraising 194000 ALBEIRO ESCUDERO PO BOX 690155 ELMHURST NY 11369 REPAIR SERVICES 210450 4 X 248763 450261 3758430 645553 4457454 TUITION 611710 29717625 29717625 AFTER SCHOOL PROGRAMS 611710 400596 400596 SUMMER CAMP FEES 611710 868481 868481 ACTIVITY FEES 611710 99112 99112 OTHER FEES 611710 179217 179217 31265031 265811 265811 0 0 182369 182369 0 182369 182369 0 140301 248763 140301 0 0 0 0 0 0 OTHER INCOME 900099 95891 95891 BAD DEBT RECOVERIES 900099 8913 8913 104804 36275469 31552204 265811 0 6366437 6366437 0 0 1461753 1125550 292350 43853 0 14750729 10145527 4126320 478882 557633 380094 159333 18206 2160733 1481673 608780 70280 1365867 947539 374228 44100 0 0 73171 73171 0 0 0 199785 199785 0 1119365 589324 416363 113678 396150 366998 29152 0 738850 512560 202434 23856 93621 93621 0 130708 105806 24902 535650 28770 505541 1339 0 1866896 1295116 511503 60277 213323 213323 SUMMER CAMP EXPENSE 558909 558909 LUNCH ROOM & FOOD SERVICE 1055087 1055087 STUDENT ACTIVITIES 634622 634622 AFTER SCHOOL PROGRAMS 639709 639709 939405 254822 312310 372273 35858403 26582164 8049495 1226744 X 3000 3000 14652809 4136171 4407541 4205740 83903 198855 0 0 0 0 0 0 0 0 128896 236362 50739861 20059387 25773309 30680474 0 10058227 0 0 0 0 184716 0 301706 49232 45535880 49568061 2370914 2430493 0 0 10494707 9598769 8737188 12695396 0 0 0 0 0 0 0 0 21208 587740 21624017 25312398 X 18755926 19299401 4521950 4956262 633987 0 23911863 24255663 45535880 49568061 X 417066 493266 -566532 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7081840 2665485 715063 715063 9747325 4590048 2697591 80585 286384 7081840 2505971 2327332 74036 317291 4590048 2450394 78077 55452 77952 2505971 2031091 411004 11204 2905 2450394 0.93500 0.06500 false false 857823 857823 48482262 19099959 29382303 288432 79326 209106 764762 672586 92176 346582 207516 139066 30680474 0 DERIVATIVE SWAP AGREEMENT 587740 587740 X 30402298 493266 493266 29909032 6366437 6366437 36275469 30058498 566532 566532 29491966 6366437 6366437 35858403 SCHEDULE D, PART XI & XII, LINE 4b SCHOLARSHIPS $6,366,437 SCHEDULE D, PART X, LINE 2 THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. THE SCHOOL HAD NO UNRECOGNIZED TAX BENEFITS AS OF AND FOR THE YEARS ENDED JUNE 30, 2019 AND 2018. THE SCHOOL HAS NO INCOME TAX RELATED PENALTIES OR INTEREST FOR THE PERIODS REPORTED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART V, LINE 4 THE OVERALL FINANCIAL OBJECTIVES OF THE BOARD DESIGNATED FUNDS ARE TO SUPPORT THE CURRENT AND FUTURE OPERATIONS OF THE SCHOOL AND TO PRESERVE AND ENHANCE THE PURCHASING POWER OF THE BOARD DESIGNATED FUNDS. THE BOARD IS RESPONSIBLE FOR THE INVESTMENT OF THE BOARD DESIGNATED ENDOWMENT FUNDS. true true false true true true true false false false false false false false false true false true SCHEDULE 3, LINE 3 LREI does not share its racially nondiscriminatory policy via a newspaper or broadcast media because LREI customarily draws students from local communities and follows a racially nondiscriminatory policy as to students and in every other respect. The LREI diversity statement is provided in all communications and is included with the mission statement on the LREI webpage at lrei.org true COMMUNITY COUNSELLING SERVICE CO PO Box 824885 Philadelphia PA 19182 CONSULTING false 194000 194000 NY Big Shindig 364744 261905 102839 102839 School Store 5025 -1730 6755 6755 1 19294 -11413 30707 30707 389063 248762 140301 140301 140301 true SCHOLARSHIPS 261 6366437 Book Value Scholarships PART I, LINE 2 All grants of financial aid or merit scholarships are allocated by "discoYnting" nominal tuition by the amount of the aid or scholarship. Therefore, no cash is given, but rather, for example, a student who would otherwise pay, say, $30,000 receives financial aid of $10,000 and therefore pays $20,000. All grants of financial aid are decided by LREI's Tuition Remission Committee and are based on an objective determination of financial need. The amount of any financial aid or scholarship is documented in the enrollment contract and both tuition and financial aid are entered into our A/R module so that we can track the net amount that must be paid by a particular student. X X X false false false false false false false false false TEMA TISCHLER HR & BUSINESS MANAGER 156403 14769 14751 185923 Phil Kassen DirectoR 328075 30128 52830 411033 MARK SILBERBERG DIRECTOR OF INNOVATION & TECH 176868 13620 52830 243318 SANDRA K CHAPMAN DIR. OF DIVERSITY 147241 13905 52830 213976 JOSHUA MARKS CFO 174110 15991 11893 201994 MARY P YOUNG DIRECTOR OF ADMISSIONS 151131 14391 11893 177415 Margaret Andrews Trustee & Math Teacher 130629 12006 11893 154528 Jennifer Weil Director of Advancement 85000 30922 115922 Allison Isbell High School Principle 115972 12988 38662 167622 Cari Kosins Dir of Summer & Afterschool 126543 13905 95326 235774 A BUILD NYC RESOURCE CORPORATION 454040561 2013-10-10 9650000 SEE PART VI A 1955803 1955803 9650000 0 0 0 193000 0 0 0 7501197 0 2013 true false true true A false false false false 0 false false false true A false true true true M&T Bank 10. true false false 0 false true A true Jane Belton Trustee 40937 Tution Remission Education Katherine Fleming Trustee 2000 Financial Aid Education WINIELIA GUTIERREZ Trustee 44325 Financial Aid Education Yukie Ohta Trustee 35860 Financial Aid Education JAMAL YOUNG Trustee 82840 Financial Aid Education PHIL KASSEN Director 40937 Tuition remissiom Education SCHEDULE L, PAGE 1, PART III NEED additional information here. X 18 645553 FMV false true false FORM 990, PART VI, SECTION B - POLICIES, #11B MANAGEMENT REVIEWS DRAFT COPIES OF THE 990 FOR ACCURACY BEFORE CIRCULATING A DRAFT COPY TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE FINANCE COMMITTEE REVIEWS THE DRAFT FOR ACCURACY AND THEN POSITIVELY RECOMMENDS THE DRAFT TO THE BOARD OF TRUSTEES, WHICH IN TURN REVIEWS AND DISCUSSES THE DRAFT AT A REGULARLY SCHEDULED BOARD MEETING. AFTER THIS GOVERNANCE PROCESS, THE 990 IS FINALIZED FOR FILING. FORM 990, PART VI, SECTION B - POLICIES, #15 A&B THE ORGANIZATION OBTAINS THE COMPENSATION DATA RELATING TO TOP MANAGEMENT OF SIMILAR ORGANIZATIONS WHEN CONSIDERING THE INITIAL SALARY AND BENEFITS OF KEY EMPLOYEES, AS WELL AS INCREASES ON COMPENSATION. THE ORGANIZATION ALSO REGULARLY CONSIDERS INDUSTRY TRENDS REGARDING MANAGEMENT PAY. ONCE THE APPROPRIATE DATA HAS BEEN OBTAINED, IT IS ANALYZED AND DEBATED AT A REGULARLY SCHEDULED MEETING OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. ACCORDINGLY, LREI SATISFIES THE IRS CRITERIA WITH RESPECT TO THE REBUTTABLE PRESUMPTION OF REASONABLENESS. FORM 990, PART VI, SECTION C- DISCLOSURE #19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION B- POLICIES, #12C LREI CIRCULATES ITS CONFLICT OF INTEREST AND WHISTLEBLOWER POLICY TO TRUSTEES ON AN ANNUAL BASIS. EACH TRUSTEE IS ASKED TO ACKNOWLEDGE RECEIPT OF THE POLICY AND TO INDICATE COMPLIANCE WITH IT. IF ANY CONFLICT OF INTEREST IS INDICATED ON THE ACKNOWLEDGEMENT, OR IF ANY CONFLICT OF INTEREST OTHERWISE ARISES, THE ISSUE IS ADDRESSED BY THE DIRECTOR OF LREI AND THE CHAIR OF THE BOARD OF TRUSTEES, WHO MAY CONSULT WITH DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE ON THE MATTER. FORM 990, PART III, LINE 1 A leader in progressive education since 1921, LREI teaches children to be independent thinkers who work together to solve complex problems. Students graduate from our diverse community as active participants in our democratic society, with the creativity, integrity, and courage to bring meaningful change to the world. FORM 990, PART III, LINE 4a At LREI (Little Red School House & Elisabeth Irwin High School) we understand that students learn best when they are engaged. Our 14 year progressive program is rooted in a fundamental love of learning and a connection to the real world. Our teachers, experts in their fields, encourage children to use their curiosity, compassion and imagination to think deeply and to participate in finding solutions to real problems. We understand that the world around us particularly our ever-vibrant home, New York City is the best place to learn. Youll find our students asking questions about green design at the High Line, filming a documentary on Coney Islands boardwalk and volunteering at the local food pantry weve partnered with for years. We provide a rich and challenging progressive program for bright, inquisitive students who bring a range of abilities and interests to their collective study of the world. Our school is a community built on understanding and respect for others. Like New York City, this community is diverse in every sense, with a variety of family structures and beliefs, as well as other, more familiar definitions of diversity (racial, ethnic, socio-economic, religious). Our interdisciplinary curriculum and school-wide social justice initiatives promote understanding of many cultures. As individual achievement is encouraged and rewarded, our program underscores the value of shared goals and cooperation in mastering difficult tasks. By the time LREI students graduate, they are ready to make their marks on their university campuses because they have learned to be active citizens in their school, city and global communities. to be active citizens in their school, city and global communities. to be active citizens in their school, city and global communities. FORM 990, PART XI, LINE 9 In connection with the issuance of the Revenue Bonds, Series 2013, in October 2013, the School has entered into an interest rate swap agreement with notional amounts indexed to the outstanding principal of the debt which resulted in an unrealized loss of $566,532 in fiscal year 2019.