2020-07-14T16:18:29-05:00 2019-08-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP ONE PENN PLAZA SUITE 3000 NEW YORK NY 10119 990 2018-09-01 270753913 BLUE SCHOOL BLUE 2122286341 241 WATER STREET NEW YORK NY 10038 MICHAEL JACKSON CFO 2122286341 2020-07-14 1 PATRICK YU CPA P00675982 2126976900 X 148.75.192.64 2020-07-14 09:06:53 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 45D50D8E3994CEF8BF8842BFE43A81B55B26F885 2018 2020-11-19 02:30:22Z MICHAEL JACKSON 241 WATER STREET NEW YORK NY 10038 16412622 0 X WWW.BLUESCHOOL.ORG X 2008 NY BLUE SCHOOL'S MISSION IS TO DEVELOP AND SHARE AN INQUIRY-BASED APPROACH TO EDUCATION THAT FOSTERS CREATIVITY, PROMOTES ACADEMIC EXCELLENCE, NURTURES HUMAN RELATIONSHIPS AND INSPIRES A LIFELONG PASSION FOR LEARNING. 17 17 127 150 0 0 560110 3377812 11317449 12139213 -4010444 24486 291130 741382 8158245 16282893 2766721 3671251 0 0 8197057 9405173 0 0 960273 6336234 11917865 17300012 24994289 -9141767 -8711396 135384318 103676028 153172739 130106845 -17788421 -26430817 BLUE SCHOOL'S MISSION IS TO DEVELOP AND SHARE AN INQUIRY-BASED APPROACH TO EDUCATION THAT FOSTERS CREATIVITY, PROMOTES ACADEMIC EXCELLENCE, NURTURES HUMAN RELATIONSHIPS AND INSPIRES A LIFELONG PASSION FOR LEARNING. 0 0 19454016 3671251 12139213 BLUE SCHOOL IS A N-8 SCHOOL IN DOWNTOWN MANHATTAN. SPANNING THE FOUNDATIONAL FIRST DECADE OF LIFE, THE BLUE SCHOOL EDUCATION PROVIDES FOR A RICH AND UNIQUE RANGE OF INTEGRATED ACADEMIC, SOCIAL AND ARTISTIC EXPERIENCES. THROUGH OUR COMMITMENT TO COMMUNITY, CREATIVITYAND ACADEMIC VIGOR, BLUE SCHOOL NURTURES A FERTILE IMAGINATION, A KEEN INTELLECT, A BIG HEART AND AN INSATIABLE PASSION FOR LEARNING. 19454016 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 41 0 127 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID LEVIN-CONTROLLER 2122286341 241 WATER STREET NEW YORK NY 10038 RENEE ROLLERI CHAIR, CO-FOUNDER 30.00 0.00 X X 0 0 0 MATTHEW R GOLDMAN VICE CHAIR, CO-FOUNDER 30.00 0.00 X X 0 0 0 ERIC HUANG SECRETARY 5.00 0.00 X X 0 0 0 STEPHEN R WILSON TREASURER 5.00 0.00 X X 0 0 0 JENNIFER LAMBERTS STANTON TRUSTEE, CO-FOUNDER 2.00 0.00 X 0 0 0 BELGIES ANAN TRUSTEE 2.00 0.00 X 0 0 0 LORA APPLETON TRUSTEE 2.00 0.00 X 0 0 0 JULIAN BARROWCLIFFE TRUSTEE 2.00 0.00 X 0 0 0 DAVID BEAL TRUSTEE 2.00 0.00 X 0 0 0 ROBERT CUDNEY TRUSTEE 2.00 0.00 X 0 0 0 ERIN ISAKOV TRUSTEE 2.00 0.00 X 0 0 0 REBECCA LISICA TRUSTEE 2.00 0.00 X 0 0 0 HOZEFA LOKHANDWALA TRUSTEE 2.00 0.00 X 0 0 0 PETER MASTERSON TRUSTEE 2.00 0.00 X 0 0 0 KATE QUARFORDT TRUSTEE 2.00 0.00 X 0 0 0 LILAH FISHER WISE TRUSTEE 2.00 0.00 X 0 0 0 ILARIA WOODWARD TRUSTEE 2.00 0.00 X 0 0 0 VIRGINIA FARRAR HEAD OF SCHOOL 40.00 0.00 X 303500 0 28550 SUSAN ROBERSON FORMER CFO TO 11/23/18 40.00 0.00 X 206043 0 0 MICHAEL JACKSON CFO AS OF 3/4/19 40.00 0.00 X 0 0 0 LAUREN KARDOS DIRECTOR - MIDDLE SCHOOL DIVISION 40.00 0.00 X 170287 0 23250 LAURA CAMIEN DIRECTOR - ADVANCEMENT 40.00 0.00 X 161867 0 22754 PATRICIA A LYNCH DIRECTOR - PRIMARY DIVISION 40.00 0.00 X 146390 0 22120 DAWN WILLAIMS DIRECTOR - ADMISSIONS 40.00 0.00 X 133587 0 21810 ASHLEY FAYE HUGHES DRIECTOR - OPERATIONS 40.00 0.00 X 132920 0 33655 1254594 0 152139 10 0 1 0 REIDY CONTRACTING GROUP 120 W 31ST ST 7TH FLOOR NEW YORK NY 10001 GENERAL CONTRACTOR 3494682 EAST WIND SECURITIES 135 WEST 50 STREET NEW YORK NY 10020 INVESTMENT ADVISORY SERVICES 260000 IBS DIRECT TOTAL 36-06 43RD AVENUE LONG ISLAND CITY NY 11101 CLEANING SERVICES 171396 ROCKWELL ARCHITECTURE 5 UNION SQUARE WEST NEW YORK NY 10003 ARCHITECTURAL SERVICES 140649 CBRE PO BOX 848844 LOS ANGELES NY 90084 CONSTRUCTION MANAGEMENT 101500 5 123138 111342 3143332 3377812 TUITION & FEES 611600 12139213 12139213 12139213 20290 20290 437779 0 437779 437779 437779 4196 0 4196 4196 4196 129729 123138 129729 0 ADMINISTRATION FEES 900099 220000 220000 FAMILY ASSOCIATION FEES 900099 37310 37310 OTHER INCOME 900099 28396 28396 17897 17897 303603 16282893 12442816 0 462265 3671251 3671251 478498 217378 245593 15527 6691669 5360009 1020900 310760 165727 128912 29273 7542 1527926 1188513 269883 69530 541353 421097 95621 24635 17654 11256 5675 723 648983 648983 108300 108300 471035 225077 227602 18356 272427 272427 296697 109114 164735 22848 97249 60210 32626 4413 2311274 1797848 397971 115455 5043 2582 1346 1115 68073 56964 7447 3662 4231103 3291206 728541 211356 2044268 1590155 351996 102117 301690 202385 86308 12997 FACILITY 670437 520398 116620 33419 CLASSROOM SUPPLIES 224531 224531 AUXILARY SERVICES 63344 63344 PROFESSIONAL DEVELOPMEN 52491 39359 7314 5818 33266 33266 24994289 19454016 4580000 960273 3599724 1209103 50000 628572 41071 108102 295305 210305 73753403 4521397 69692074 69232006 61706144 32287940 135384318 103676028 960135 914375 6741240 5769956 47458494 51238210 1800000 1800000 5481991 7482502 4215718 0 86515161 62901802 153172739 130106845 X -17838421 -27024817 50000 594000 -17788421 -26430817 135384318 103676028 X -8711396 69090 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4865039 4865039 39320626 2755011 36565615 27604209 911075 26693134 1135968 281505 854463 827561 573806 253755 69232006 DUE FROM RELATED ORGANIZATIONS 25289799 SECURITY DEPOSITS & OTHER ASSETS 313241 ASSETS WHOSE USE IS LIMITED 6684900 32287940 CAPITAL LEASE PAYABLE 8628425 DUE TO RELATED ORGANIZATIONS 46510161 DEFERRED RENT PAYABLE 2959183 BOND INTEREST PAYABLE 1879400 SECURITY DEPOSITS & OTHER LIABILITIES 91965 DEFERRED GAIN ON SALE 2832668 62901802 X 13013915 402363 402363 12611552 3671251 3671251 16282803 21725401 402363 402363 21323038 3671251 3671251 24994289 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES PRESCRIBES RECOGNITION THRESHOLDS THAT MUST BE MET BEFORE A TAX POSITION IS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS AND PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. UNDER ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AN ENTITY MAY ONLY RECOGNIZE OR CONTINUE TO RECOGNIZE TAX POSITIONS THAT MEET A MORE-LIKELY-THAN-NOT THRESHOLD. ALL RELATED INTEREST AND PENALTIES WOULD BE EXPENSED AS INCURRED. THE ORGANIZATION HAS EVALUATED ITS TAX POSITION FOR THE YEARS ENDED AUGUST 31, 2019 AND 2018, AND DOES NOT BELIEVE IT HAS ANY UNCERTAIN TAX POSITIONS THAT WOULD QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 3,671,251. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 3,671,251. 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 BLUE SCHOOL IS A MEMBER OF THE INDEPENDENT SCHOOLS ADMISSIONS ASSOCIATION OF GREATER NEW YORK (ISAAGNY), WHICH PUBLISHES THE FOLLOWING STATEMENT ON ITS WEBSITE: "ISAAGNY MEMBER SCHOOLS ADMIT STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. THEY DO NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL ADMINISTERED PROGRAMS." SPRING FLING 252867 123138 129729 58500 135 71094 252867 123138 129729 58500 135 71094 129729 0 1 FINANCIAL AID 117 3671251 X X 0 0 0 0 0 0 0 0 0 VIRGINIA FARRAR HEAD OF SCHOOL 303500 0 0 0 0 0 12422 0 16128 0 332050 0 0 0 SUSAN ROBERSON FORMER CFO TO 11/23/18 206043 0 0 0 0 0 0 0 0 0 206043 0 0 0 LAUREN KARDOS DIRECTOR - MIDDLE SCHOOL DIVISION 170287 0 0 0 0 0 7122 0 16128 0 193537 0 0 0 LAURA CAMIEN DIRECTOR - ADVANCEMENT 161867 0 0 0 0 0 6626 0 16128 0 184621 0 0 0 PATRICIA A LYNCH DIRECTOR - PRIMARY DIVISION 146390 0 0 0 0 0 5992 0 16128 0 168510 0 0 0 DAWN WILLAIMS DIRECTOR - ADMISSIONS 133587 0 0 0 0 0 5682 0 16128 0 155397 0 0 0 ASHLEY FAYE HUGHES DRIECTOR - OPERATIONS 132920 0 0 0 0 0 5602 0 28053 0 166575 0 0 0 A BUILD NYC RESOURCE CORPORATION 454040561 12008ELZ7 2016-12-21 49339413 PURCHASE AND RENOVATION OF COMMERCIAL CONDO FOR THE SCHOOL'S EXPANSION. 0 0 0 B BUILD NYC 2018 SERIES 454040561 2018-09-27 3955120 CONTINUING RENOVATION AND CAPITAL IMRPOVEMENTS OF SCHOOL UNITS 0 0 0 A 49339413 3511075 5126272 17076629 23625437 2018 0 0 1 1 B 3955120 372738 79102 3503280 2018 0 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 1 0.19350 1 0 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 0 A 0 B 0 SCHEDULE K SUPPLENTAL INFORMATION THE ORGANIZATION IS IN THE PROCESS OF DRAFTING AND IMPLEMENTING WRITTEN POST-ISSUANCE TAX PROCEDURES, INCLUDING PROCEDURES REGARDING NON-QUALIFIED BONDS UNDER REGULATION SECTIONS 1.141-12 AND 1.145-2, PROCEDURES TO MONITOR THE REQUIREMENTS OF SECTION 148, AND PROCEDURES REGARDING VOLUNTARY CLOSING AGREEMENTS IF SELF-REMEDIATION IS NOT AVAILABLE. MATT GOLDMANRENEE ROLLERI BOARD MEMBER RENOVATIONS X 1800000 1800000 0 1 1 1800000 ASHLEY HUGHES DIRECTOR OF OPERATIONS 11925 STAFF DISCOUNT ON TUITION KAREN KIPPLER FACULTY 11725 STAFF DISCOUNT ON TUITION ANNA PADGETT FACULTY 11925 STAFF DISCOUNT ON TUITION CORRIE PICKERING FACULTY 8525 STAFF DISCOUNT ON TUITION ERIN ISAKOV BOARD MEMBER 499168 ORGANIZATION LEASES A CONDOMINIUM 0 FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP - BOARD CHAIR - RENEE ROLLERI AND VICE CHAIR - MATTHEW GOLDMAN ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S POLICY IS TO PRESENT THE FORM 990 TO ITS BOARD OF TRUSTEES INCLUDING ALL REQUIRED SUPPLEMENTAL SCHEDULES. EACH MEMBER OF THE BOARD OF TRUSTEES WILL RECEIVE A COPY OF THE FORM 990 PRIOR TO THE SUBMISSION OF THE FORM TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE SCHOOL OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE SCHOOL'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FURTHER, WHEN CONDUCTING THE PERIODIC REVIEWS AS PROVIDED FOR IN ARTICLE VII, THE SCHOOL MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. IF OUTSIDE EXPERTS ARE USED, THEIR USE SHALL NOT RELIEVE THE GOVERNING BOARD OF ITS RESPONSIBILITY FOR ENSURING PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL AND THE EXECUTIVE DIRECTOR'S SALARIES ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES VARIOUS OF ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: AMORTIZED GAIN ON SALE OF FIXED ASSETS 69,090. 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