2020-07-14T07:40:01-05:00 2019-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2018-07-01 113752853 GRACE CHURCH SCHOOL GRAC 2124755609 86 FOURTH AVENUE NEW YORK NY 100035232 SUSAN AUSTIN CFO 2124755609 2020-07-10 1 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2020-07-10 100.1.21.12 2020-07-10 15:19:02 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 E99CEA45C307B5E011B655275064C3D25F8033D4 2018 2020-09-23 17:36:50Z SUSAN AUSTIN 86 FOURTH AVENUE NEW YORK NY 100035232 49450914 0 X WWW.GCSCHOOL.ORG X 2005 NY TO PROVIDE EXEMPLARY EDUCATION FOR CHILDREN REFLECTING ETHNIC, RELIGIOUS AND ECONOMIC DIVERSITY. 27 27 365 27 0 0 11656054 7520228 36159304 38308880 1590532 1625467 596684 534664 50002574 47989239 8132405 8270808 0 0 23515258 24588821 0 0 696997 12833222 15025215 44480885 47884844 5521689 104395 117814225 121293003 78754330 82168990 39059895 39124013 TO PROVIDE EXEMPLARY EDUCATION FOR CHILDREN REFLECTING THE ETHNIC, RELIGIOUS AND ECONOMIC DIVERSITY OF NEW YORK CITY, REGARDLESS OF A FAMILY'S ABILITY TO PAY TUITION. 0 0 43866367 8270808 38319987 GRACE CHURCH SCHOOL SEEKS A STUDENT BODY REFLECTIVE OF THE ETHNIC, RELIGIOUS AND ECONOMIC DIVERSITY OF OUR DOWNTOWN COMMUNITY. A STRUCTURED CURRICULUM, ENRICHED WITH BROAD OPPORTUNITIES FOR CREATIVE EXPRESSION, AIMS TO DEVELOP IN EACH CHILD MENTAL KEENNESS, PHYSICAL CONFIDENCE, PLEASURE IN LEARNING, AND THE SKILLS BASIC TO UNDERSTANDING ONE'S SELF AND THE WORLD. OUR STUDENTS ARE THOROUGHLY PREPARED IN ENGLISH, MATHEMATICS, FOREIGN LANGUAGES, SCIENCE, AND HISTORY. STUDIO ART, MUSIC EDUCATION, DRAMA AND PHYSICAL EDUCATION ARE INTEGRAL TO THE CURRICULUM. COMPUTER INSTRUCTION IS INTEGRATED WITH THE SCHOOL'S COURSE OF STUDY. 43866367 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 69 0 1 365 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SUSAN AUSTIN CFO 2124755609 86 FOURTH AVENUE NEW YORK NY 100035232 ALEXANDRA SCOTT TRUSTEE 1.00 X 0 0 0 ANN MELLOW TRUSTEE 1.00 X 0 0 0 BARBARA SIBLEY TRUSTEE 1.00 X 0 0 0 BELLE BURDEN DAVIS TRUSTEE 1.00 X 0 0 0 CAROLINA ESQUENAZI-SHAIO TRUSTEE 1.00 X 0 0 0 DANIEL BERGER TRUSTEE (OUTGOING) 1.00 X 0 0 0 DAVID HELLER TRUSTEE 1.00 X 0 0 0 DAVID SHEVLIN TREASURER 2.00 X X 0 0 0 DAVON RUSSELL TRUSTEE 1.00 X 0 0 0 DOMINIQUE SCHULTE TRUSTEE 1.00 X 0 0 0 ERIC BISCHOF TRUSTEE 1.00 X 0 0 0 ERIK SORENSEN TRUSTEE 1.00 X 0 0 0 FELICIA WASHINGTON TRUSTEE 1.00 X 0 0 0 FOLAKE OLOGUNJA TRUSTEE 1.00 X 0 0 0 GEORGE H WALKER TRUSTEE 1.00 X 0 0 0 GEORGE MAJOROS TRUSTEE 1.00 X 0 0 0 GREG GUSHEE TRUSTEE 1.00 X 0 0 0 JAMES BERMAN TRUSTEE (OUTGOING) 1.00 X 0 0 0 JANE HOFFMAN TRUSTEE (OUTGOING) 1.00 X 0 0 0 JIM BEST TRUSTEE 1.00 X 0 0 0 KARIN GREENFIELD-SANDERS SECRETARY 2.00 X X 0 0 0 KATE PLATT TRUSTEE 1.00 X 0 0 0 LEONA S CHAMBERLIN VICE CHAIR 2.00 X X 0 0 0 MARGARET TOWLES TRUSTEE (OUTGOING) 1.00 X 0 0 0 MELANIE WESTON TRUSTEE 1.00 X 0 0 0 MIYOUNG LEE VICE CHAIR 2.00 X X 0 0 0 OLIVIA DOUGLAS CHAIR 3.00 X X 0 0 0 PABLO LEGORRETA TRUSTEE (OUTGOING) 1.00 X 0 0 0 R MITCHELL THEISS TRUSTEE 1.00 X 0 0 0 RENEE NOEL TRUSTEE 1.00 X 0 0 0 ROBERT MCCAIN VICE CHAIR 2.00 X X 0 0 0 TOM GENIESSE ASSISTANT TREASURER 2.00 X X 0 0 0 FRANK KAMENAR CFO 40.00 X 265657 0 70634 GEORGE DAVISON HEAD OF SCHOOL 40.00 X 583431 0 65516 CAROL COLLET ASSISTANT HEAD OF SCHOOL 40.00 X 232702 0 50026 BARBARA HANEY HEAD OF LOWER SCHOOL 40.00 X 217197 0 27677 CHERYL KELLY HEAD OF EARLY CHILDHOOD 40.00 X 179019 0 76535 HUGO MAHABIR HEAD HIGH SCHOOL DIVISION 40.00 X 213173 0 55572 JOYCE KUH DIRECTOR OF DEVELOPMENT 40.00 X 212060 0 47745 MELANIE WHITE DIRECTOR OF COLLEGE COUNSE 40.00 X 213052 0 37439 2116291 0 431144 8 0 1 0 0 737866 628579 6153783 685851 7520228 TUITION AND TRIP FEES 611710 37406316 37406316 FORFEITED TUITION & OTHER FEES 611710 397280 397280 ANCILLARY REVENUE 611710 370777 370777 ATHLETIC PROGRAM 611710 83357 83357 APPLICATION FEES 611710 51150 51150 38308880 1318716 1318716 552983 0 552983 552983 552983 1653200 1346449 306751 306751 306751 85800 737866 115226 -29426 -29426 MISCELLANEOUS INCOME 900099 11107 11107 11107 47989239 38319987 0 2149024 8270808 8270808 1304335 285617 957618 61100 18324513 16864328 1143936 316249 1302420 1235735 46541 20144 2313914 2097844 176785 39285 1343639 1202295 118247 23097 4962 4962 177184 177184 676203 581808 88829 5566 5976 1800 4176 1623747 1430876 157324 35547 5454220 5403309 39938 10973 494265 494265 275320 271929 3391 1333377 1264558 53986 14833 1987767 1883673 81658 22436 289058 267819 14910 6329 FOOD COSTS 1584819 1423698 69837 91284 MISCELLANEOUS 506376 427511 38512 40353 INTERNSHIPS AND FACULTY 256915 256915 STAFF REC. AND DEV. 204544 189918 9001 5625 150482 11661 138821 47884844 43866367 3321480 696997 3408 6152 17285876 13114105 10198074 8179413 950779 1284726 266786 316857 80818310 26299995 48491698 54518315 34090683 32777120 5957292 8560701 569629 2535614 117814225 121293003 5347441 4123994 15773521 17097175 44924802 46780605 33563 12675003 14167216 78754330 82168990 X 23227358 25471803 8260561 6108720 7571976 7543490 39059895 39124013 117814225 121293003 X 104395 1451936 -1492213 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37630614 1888982 2062023 1653200 39928419 35553391 1210642 2318881 958500 493800 37630614 32685251 814137 3299603 822100 423500 35553391 33196661 1156655 -405440 810600 452025 32685251 31900149 1243614 936898 567500 316500 33196661 0.79020 0.20980 0 0 1000000 1000000 22351275 7176796 15174479 31499409 12727287 18772122 7680190 6395912 1284278 18287436 18287436 54518315 SEG PARTNERS 4882606 F SEG PARTNERS II 1790329 F GREAT JONES FUND 343141 F PROTEGE PARTNERS 397703 F NORTH HAVEN CREDIT PARTNERS II 589566 F RPI 557356 F 8560701 DEFERRED RENT 14167216 14167216 X 39500970 1451936 -8270808 -6818872 46319842 177184 1492213 1669397 47989239 39436852 0 39436852 177184 8270808 8447992 47884844 PART V, LINE 4: THE ENDOWMENT FUND PROVIDES AN ANNUAL INCOME OF 4.5% OF ITS MARKET VALUE AS OF THE PREVIOUS DECEMBER 31 FOR THE SUPPORT OF OPERATIONS, INCLUDING PROVIDING FINANCIAL AID TO CERTAIN STUDENTS. PART X, LINE 2: THE SCHOOL BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019, IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -8,270,808. PART XI, LINE 4B - OTHER ADJUSTMENTS: OCCUPANCY EXPENSE IN EXCESS OF LEASE PAYMENTS 1,492,213. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,270,808. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GRACE CHURCH SCHOOL PUBLISHES ITS NONDISCRIMINATORY POLICY ANNUALLY IN A NEWSPAPER, ON ITS WEBSITE, AND ON THE ADMISSIONS APPLICATION. SCHEDULE E, PART I, LINE 6 GRACE CHURCH SCHOOL IS A RECIPIENT OF A GRANT FROM THE NEW YORK STATE EDUCATION DEPARTMENT TO REIMBURSE NON-PUBLIC SCHOOLS FOR PERFORMING CERTAIN MANDATED SERVICES. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 397703 0 0 0 0 0 0 397703 0 397703 0 0 0 0 0 0 GALA 823666 737866 85800 60688 54538 823666 737866 85800 60688 54538 115226 -29426 1 STUDENT FINANCIAL AID 211 8270808 PART I, LINE 2: THE SCHOOL GRANTED NEEDS-BASED FINANCIAL AID TO 211 STUDENTS DURING THE YEAR ENDED JUNE 30, 2019. PARENTS ARE REQUIRED TO FILL OUT AN APPLICATION DEPICTING THEIR FINANCIAL POSITION ALONG WITH COPIES OF THEIR TAX RETURNS AND THE AMOUNT OF AID THEY ARE REQUESTING. A FINANCIAL AID COMMITTEE REVIEWS THE APPLICATIONS AND AWARDS THE GRANTS BASED ON VARIOUS CRITERIA. FUNDS ARE APPLIED TO NEEDED OUTSTANDING TUITION BILLS, THEREFORE, NO ADDITIONAL MONITORING IS REQUIRED. X 1 1 X X X 0 0 0 0 0 0 0 0 0 FRANK KAMENAR CFO 264421 0 0 0 1236 0 35284 0 35350 0 336291 0 0 0 GEORGE DAVISON HEAD OF SCHOOL 582243 0 0 0 1188 0 42352 0 23164 0 648947 0 0 0 CAROL COLLET ASSISTANT HEAD OF SCHOOL 232702 0 0 0 0 0 29245 0 20781 0 282728 0 0 0 BARBARA HANEY HEAD OF LOWER SCHOOL 216826 0 0 0 371 0 26428 0 1249 0 244874 0 0 0 CHERYL KELLY HEAD OF EARLY CHILDHOOD 165774 0 0 0 13245 0 26366 0 50169 0 255554 0 0 0 HUGO MAHABIR HEAD HIGH SCHOOL DIVISION 212915 0 0 0 258 0 20960 0 34612 0 268745 0 0 0 JOYCE KUH DIRECTOR OF DEVELOPMENT 212060 0 0 0 0 0 26923 0 20822 0 259805 0 0 0 MELANIE WHITE DIRECTOR OF COLLEGE COUNSE 212962 0 0 0 90 0 21142 0 16297 0 250491 0 0 0 PART I, LINE 1A GEORGE DAVISON RECEIVES A FIXED HOUSING ALLOWANCE UNDER HIS EMPLOYMENT CONTRACT AND IS INCLUDED IN PART II, (B), (I). A BUILD NYC RESOURCE CORPORATION 454040561 2017-09-20 49778355 SEE PART VI 0 0 0 A 49778355 38778355 421823 7541048 40000 2997129 1 0 0 1 A 0 1 1 1 0 0.00600 0.00600 0 0 1 A 0 1 1 0 1 0 0 0 1 A 1 X 22 685851 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMB (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THEN IS DISTRIBUTED TO THE AUDIT COMMITTEE AND MADE AVAILABLE TO THE FULL BOARD FOR REVIEW AT THE FOLLOWING FULL BOARD MEETING PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE DISTRIBUTED AT THE ANNUAL BOARD MEETING BY THE SECRETARY. FORMS ARE THEN REVIEWED FOR ANY POTENTIAL CONFLICT OF INTEREST ISSUES THAT MIGHT ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S CONTRACT IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD AND COMPARED TO A BENCHMARK OF COMPARABLE SCHOOLS. ALL OTHER TOP MANAGEMENT IS REVIEWED WITH THE BOARD CHAIR AND COMPARED TO COMPARABLE SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 A PRINTED COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OCCUPANCY EXPENSES IN EXCESS OF LEASE PAYMENTS -1,492,213. PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.