2020-05-11T12:20:00-05:00 2019-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2018-07-01 131635286 THE SPENCE SCHOOL % ELYSE WATERHOUSE SPEN 2122895940 22 EAST 91ST STREET NEW YORK NY 10128 ELYSE WATERHOUSE DIRECTOR OF FINANCE 2129436822 2020-04-20 true WILLIAM EPSTEIN P01307171 2129498700 64.238.150.4 26505220201325000020 2020-05-11 P 45E03A01E385EA2FD4321D9DC7B70482997C2D58 45A53ABA3C8FB34A8A5CF5610FD815000D7E05EB 2018 2020-09-23 17:36:50Z ELLANOR BRIZENDINE 22 EAST 91ST STREET NEW YORK NY 10128 73116589 false X WWW.SPENCESCHOOL.ORG X 1928 NY TO PREPARE A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE. 29 29 366 200 95104 68731 12729991 5861372 38620100 40726481 2827269 3278021 174753 79721 54352113 49945595 5610333 5824956 0 0 30358597 31174332 0 79188 2297841 15339777 15460400 51308707 52538876 3043406 -2593281 316380748 319595733 23255046 26850266 293125702 292745467 WITH A COMMITMENT TO ACADEMIC EXCELLENCE AND PERSONAL INTEGRITY, THE SPENCE SCHOOL PREPARES A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE. false false 44692875 5824956 40726481 THE SPENCE SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL PROVIDING AN EDUCATION FOR GIRLS IN GRADES KINDERGARTEN THROUGH 12. 44692875 true true false true false false false false false true true true false false false true true false true false true false false true false false false false true true true false false false false false false false false false false true false false false false false false false false true 133 0 366 true true true true CJ false false false false false false false false false false X 29 29 true false false false false false false true true false false true true true true true true true true false X ELYSE WATERHOUSE 6469436822 22 EAST 91ST STREET NEW YORK NY 10128 X WILLIAM L JACOB III PRESIDENT 10.0 0.0 X X 0 0 0 BETSY PITTS VICE PRESIDENT 2.0 0.0 X X 0 0 0 ADAM KLEIN vice president 2.0 0.0 X X 0 0 0 KIMBERLY KRAVIS SECRETARY 2.0 0.0 X X 0 0 0 LAUREN KLEINBERG LEVY trustee 2.0 0.0 X 0 0 0 ERICA DESAI TRUSTEE 2.0 0.0 X 0 0 0 GEORGE R BASON JR TRUSTEE 2.0 0.0 X 0 0 0 ARTHUR CHU TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL P CLIFFORD TRUSTEE 2.0 0.0 X 0 0 0 ANAND DESAI TRUSTEE 2.0 0.0 X 0 0 0 REBECCA DANZIGER GAMZON TRUSTEE 2.0 0.0 X 0 0 0 AMY GRIFFIN TRUSTEE 2.0 0.0 X 0 0 0 EMILIO HARRIS TRUSTEE 2.0 0.0 X 0 0 0 JENNIFER HOINE TRUSTEE 2.0 0.0 X 0 0 0 SONNY KALSI TRUSTEE 2.0 0.0 X 0 0 0 ROBERT N LAUDER TRUSTEE 2.0 0.0 X 0 0 0 MEREDITH RUBEL LIPSHER TRUSTEE 2.0 0.0 X 0 0 0 RICHARD OLCOTT TRUSTEE 2.0 0.0 X 0 0 0 C CYBELE RAVER TRUSTEE 2.0 0.0 X 0 0 0 JAMES SHULMAN TRUSTEE 2.0 0.0 X 0 0 0 JOSE TAVAREZ TRUSTEE 2.0 0.0 X 0 0 0 THEODORE T WANG TRUSTEE 2.0 0.0 X 0 0 0 AKUEZUNKPA UDE WELCOME TRUSTEE 2.0 0.0 X 0 0 0 RAVI P YADAV TRUSTEE 2.0 0.0 X 0 0 0 ALLYSON MITCHELL WATERMAN TRUSTEE 2.0 0.0 X 0 0 0 HANNAH O BOZIAN TRUSTEE 2.0 0.0 X 0 0 0 ALEXIS Mcgill JOHNSON TRUSTEE 2.0 0.0 X 0 0 0 AHRIN MISHAN TRUSTEE 2.0 0.0 X 0 0 0 ANYA Herz SHIVA TRUSTEE 2.0 0.0 X 0 0 0 ELLANOR N BRIZENDINE HEAD OF SCHOOL 40.0 0.0 X 845622 0 30413 ELYSE WATERHOUSE DIRECTOR FINANCE & OPERATIONS 40.0 0.0 X 478833 0 45598 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 40.0 0.0 X 259984 0 35790 MICHELE KRAUTHAMER HEAD OF UPPER SCHOOL 40.0 0.0 X 260020 0 35400 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 40.0 0.0 X 256974 0 35789 clifford YORK INFORMATION SYSTEMS MANAGER 40.0 0.0 X 255238 0 35233 SUSAN PARKER DIRECTOR OF ADMISSIONS 40.0 0.0 X 224000 0 43092 MICHELE MURPHY DIR ACADEMIC PRGRMS/TECHNOLOGY 40.0 0.0 X 227563 0 43612 PATRICIA CAROCCI DIRECTOR OF ADVANCEMENT 40.0 0.0 X 314166 0 34129 ERIC ZAHLER DIRECTOR OF TEACHING AND LEARN 40.0 0.0 X 231351 0 33095 3353751 0 372151 93 false true false ROGERS PARTNERS PLC 100 READE STREET NEW YORK NY 10013 ARCHITECTURE DESIGN 1071160 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 construction svcs. 11902321 ZUBATKIN OWNER REPRESENTATION LLC 333 WEST 52ND STREET NEW YORK NY 10019 CONSTRUCTION mgmt. 582399 BUILDING MAINTENANCE SERVICE LLC 11 PENN PLAZA NEW YORK NY 10001 CLEANING SERVICES 386813 TRIDENT CONTRACTING 147 WEST 35TH STREEY NEW YORK NY 10001 CONSTRUCTION Svcs. 387832 7 407702 5453670 802628 5861372 TUITION 611710 38909304 38909304 AFTER SCHOOL PRGM 611710 836201 836201 MUSIC PROGRAM FEES 611710 215400 215400 STUDENT FEES 611710 676230 676230 OTHER PROGRAM SERVICE REVENUE 611710 89346 89346 40726481 2397145 2397145 0 0 88968 88968 0 88968 88968 24051870 23170994 880876 880876 15383 865493 0 0 0 0 0 0 0 0 0 PASS-THRU LOSS FROM LIMITED PARTNERSHIPS -9247 -9247 -9247 49945595 40726481 95104 3262638 0 5824956 5824956 0 0 2420765 1872521 548244 0 22121936 20012668 867602 1241666 1537439 1420961 38983 77495 3444344 3129532 156638 158174 1649848 1496276 79870 73702 0 516463 516463 55000 55000 23517 23517 79188 79188 157167 157167 766605 521318 210551 34736 478244 103936 23430 350878 981881 830939 119212 31730 560115 73746 440509 45860 0 1825230 1493605 322296 9329 636266 592806 23840 19620 0 896915 680987 108776 107152 337503 337503 0 5037205 4029764 1007441 419162 335330 83832 FOOD SERVICE 601498 601498 AFTERSCHOOL PROGRAMS 985223 985223 OTHER EXPENSES 1182406 686809 427286 68311 52538876 44692875 5548160 2297841 1000 1500 46043478 41818045 14914531 8511999 767262 523459 0 0 0 0 4615 6945 0 0 2188220 2373595 234621387 60722398 163149309 173898989 65773856 68599452 23047358 23299749 0 0 0 0 491119 562000 316380748 319595733 2730481 6163404 0 0 8948833 9642202 11575732 11044660 0 0 0 0 0 0 0 0 0 0 23255046 26850266 X 165849569 153168004 62788718 74102887 64487415 65474576 293125702 292745467 316380748 319595733 X -2593281 2253478 -40432 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false false false false false false false false true 23517 23517 Form 990, Schedule C, Part II-B, Line 1i Lobbying activities: Amount represents payments to consultant for government and community relations. 88038314 989682 5047266 3931000 90144262 84878598 715693 6146023 3702000 88038314 80181532 957956 7264110 3525000 84878598 78307974 6333281 -1120723 3339000 80181532 77638918 2407031 1332025 3070000 78307974 0.04660 0.72630 0.22710 false false 30693288 30693288 169764687 52624769 117139918 8802232 8097629 704603 25361180 25361180 173898989 HEDGE FUNDS 14696532 F PRIVATE EQUITY FUNDS 8603217 F 23299749 0 0 X 46216950 2253478 2253478 43963472 157167 5824956 5982123 49945595 46597185 40432 40432 46556753 157167 5824956 5982123 52538876 FORM 990, SCHEDULE D, PART V, LINE 4 THE SCHOOL'S ENDOWMENT CONSISTS OF BOTH INDIVIDUAL DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE ENDOWMENT FUNDS OF THE SCHOOL ARE INTENDED TO BE USED TO SUPPORT ITS LONG-TERM MISSION. FORM 990, SCHEDULE D, PART X, LINE 2 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. For the School, these provisions could be applicable to the incurrence of unrelated business income tax ("UBIT") attributable to certain of the School's pass-through investment activities and rental income activities. However, due to the School's general tax-exempt status, ASC Topic 740 has not had, and is not expected to have, a material impact on the School's financial statements. FORM 990, SCHEDULE D, PART XI, LINE 4B AND PART XII, LINE 4B AMOUNT REPRESENTS FINANCIAL AID OF $5,824,956 WHICH WAS NETTED FOR FINANCIAL REPORTING PURPOSES. FORM 990, SCHEDULE D, PART XII, LINE 2D LOSS ON UNCOLLECTIBLE PLEDGES OF $40,432. true true true true true true true false false false false false false false false true false true FORM 990, SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE. FORM 990, SCHEDULE E, PART I, LINE 6A THE SCHOOL RECEIVES AN APPROPRIATION FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR THE PERFORMANCE OF MANDATED SERVICES AND FUNDING FOR SAFETY EQUIPMENT. Central America and the Caribbean Investments 7177898 7177898 7177902 true false false false true false FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (F) AMOUNT REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. FORM 990, SCHEDULE F, PART IV FORM 926: THE SCHOOL WAS A U.S. TRANSFEROR OF PROPERTY TO A FOREIGN CORPORATION DURING THE TAX YEAR. FORM 8865: THE SCHOOL HAD AN OWNERSHIP INTEREST IN A FOREIGN PARTNERSHIP DURING THE TAX YEAR. true COMMUNITY COUNSELLING SERVIC PLANNI PLANNING CAMPAIGN false 70000 wealthengine inc planning campaign false 9188 79188 true FINANCIAL AID PROVIDED TO STUDENTS 139 5824956 FAIR MARKET VALUE TUITION REDUCTION FORM 990, SCHEDULE I, PART I, LINE 2 THE SPENCE SCHOOL REQUESTS THAT FAMILIES APPLYING FOR NEED-BASED FINANCIAL AID ANNUALLY SUBMIT THE PARENTS' FINANCIAL STATEMENTS TO SCHOOL AND STUDENT SERVICES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ("NAIS"), AS WELL AS PROVIDE COPIES OF FINANCIAL INFORMATION, SUCH AS TAX RETURNS AND W-2 FORMS. ALL GRANTS OF FINANCIAL AID ARE APPLIED TO A RECIPIENT'S OUTSTANDING TUITION CHARGES. X X true true X X X X false true false false false false false false ELLANOR N BRIZENDINE HEAD OF SCHOOL 845622 0 0 0 0 0 18000 0 12413 0 876035 0 0 0 ELYSE WATERHOUSE DIRECTOR FINANCE & OPERATIONS 478833 0 0 0 0 0 33575 0 12023 0 524431 0 0 0 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 259984 0 0 0 0 0 23377 0 12413 0 295774 0 0 0 MICHELE KRAUTHAMER HEAD OF UPPER SCHOOL 260020 0 0 0 0 0 23377 0 12023 0 295420 0 0 0 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 256974 0 0 0 0 0 23377 0 12412 0 292763 0 0 0 clifford YORK INFORMATION SYSTEMS MANAGER 255238 0 0 0 0 0 23210 0 12023 0 290471 0 0 0 SUSAN PARKER DIRECTOR OF ADMISSIONS 224000 0 0 0 0 0 20598 0 22494 0 267092 0 0 0 MICHELE MURPHY DIR ACADEMIC PRGRMS/TECHNOLOGY 227563 0 0 0 0 0 22282 0 21230 0 271075 0 0 0 PATRICIA CAROCCI DIRECTOR OF ADVANCEMENT 314166 0 0 0 0 0 22106 0 12023 0 348295 0 0 0 ERIC ZAHLER DIRECTOR OF TEACHING AND LEARN 231351 0 0 0 0 0 20682 0 12413 0 264446 0 0 0 FORM 990, SCHEDULE J, PART I LINE 1A THE SCHOOL PROVIDES HOUSING TO THE HEAD OF SCHOOL. THE HOUSING BENEFIT IS PART OF THE EMPLOYMENT CONTRACT OF THE HEAD OF SCHOOL. FORM 990, SCHEDULE J, PART I, LINE 4B THE SCHOOL MAINTAINS A SECTION 457(B) DEFERRED-COMPENSATION PLAN FOR ITS HEAD OF SCHOOL. THE SCHOOL PROVIDES ANNUAL CONTRIBUTIONS TO THE PLAN ON HER BEHALF. THE CONTRIBUTION FOR THE CURRENT YEAR WAS approximately $18,000. A BUILD NYC RESOURCE CORPORATION 454040561 2013-09-25 14080000 EXPANSION/ACQUISITION OF SPACE false false false A 0 0 0 14080000 0 0 310784 0 0 0 0 0 false false true true A false false false false 0 false false false true A false false false false false false 0 false 0 false true A true X 55 802628 FMV false true true FORM 990, SCHEDULE M, PART I, LINE 32A THE SCHOOL USES A THIRD PARTY BROKER TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES ANAND DESAI AND ERICA DESAI ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11A THE FORMS 990, 990-T AND CT-13 ARE DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINES 12C CONFLICT OF INTEREST STATEMENTS ARE DISTRIBUTED ANNUALLY FOR COMPLETION TO ALL TRUSTEES AND KEY EMPLOYEES AT A BOARD MEETING AND COLLECTED AT THE END OF THE MEETING. THE ASSISTANT TO THE HEAD OF SCHOOL FOLLOWS UP WITH ANY TRUSTEES WHO WERE NOT PRESENT. FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED AND APPROVED BY THE OFFICERS OF THE BOARD OF TRUSTEES BASED UPON COMPARATIVE DATA PUBLISHED BY PEER SCHOOLS AND THEN RATIFIED BY THE BOARD OF TRUSTEES. THE HEAD OF SCHOOL ALSO HAS A WRITTEN EMPLOYMENT AGREEMENT. THE COMPENSATION OF THE DIRECTOR OF FINANCE AND OPERATIONS AND KEY EMPLOYEES IS REVIEWED BY THE HEAD OF SCHOOL AND THE PRESIDENT OF THE BOARD OF TRUSTEES. COMPARATIVE DATA FROM PEER SCHOOLS IS USED TO MAKE SURE COMPENSATION IS AT CURRENT MARKET RATES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THE FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 LOSS ON UNCOLLECTIBLE PLEDGES OF $40,432.