2020-04-22T13:37:26-05:00 2019-06-30 BKD LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2018-07-01 135653140 Corlears School % ROBERT FANTAUZZI CORL 2127412800 324 West 15th Street New York NY 10011 ROBERT FANTAUZZI DIRECTOR 2127412800 2020-05-15 true Aaron Shapiro P01333816 2128674000 216.117.82.118 26511920201135000000 2020-04-22 P 639FA2D2E9C7514468448168538C7F6B167F33D6 8BAB167CC20738F3D1E6B133BEB8A02CA90C437F 2018 2021-01-29 14:40:06Z CORLEARS SCHOOL ROBERT FANTAUZZI 324 WEST 15TH STREET NEW YORK NY 10011 7827467 false X WWW.CORLEARSSCHOOL.ORG X 1970 NY TO OPERATE A NON-PROFIT PRIVATE SCHOOL FOR STUDENTS AGED 2-10. 18 18 58 50 0 0 1581175 1028001 6131174 6728345 5081 8462 -10372 -30459 7707058 7734349 1763551 1712580 0 0 3924919 4338771 168250 0 220081 1497926 1683266 7354646 7734617 352412 -268 13252194 12936980 9695326 9380380 3556868 3556600 CORLEARS STUDENTS LEARN, PLAY AND GROW TOGETHER IN A SCHOOL DESIGNED FOR WHO THEY ARE AT AGES 2 THROUGH 10. DURING THESE CRUCIAL FORMATIVE YEARS, WE BUILD A FOUNDATION OF COMPASSION, CRITICAL THINKING, IMAGINATION AND LEADERSHIP, AND CULTIVATE A JOY AND CONFIDENCE IN LEARNING THAT SERVES OUR GRADUATES THROUGHOUT THEIR LIVES. false false 5900375 1712580 6728345 CORLEARS SCHOOL IS AN INDEPENDENT PROGRESSIVE SCHOOL FOR STUDENTS AGED 2-10. IT PROVIDES NURSERY THROUGH FIFTH GRADE EDUCATIONAL SERVICES. CORLEARS SERVED 151 STUDENTS DURING THE 18-19 SCHOOL YEAR WITH A MISSION OF CORLEARS STUDENTS LEARN, PLAY AND GROW TOGETHER IN A SCHOOL DESIGNED FOR WHO THEY ARE. DURING THESE CRUCIAL FORMATIVE YEARS, WE BUILD A FOUNDATION OF COMPASSION, CRITICAL THINKING, IMAGINATION AND LEADERSHIP, AND CULTIVATE A JOY AND CONFIDENCE IN LEARNING THAT SERVES OUR GRADUATES THROUGHOUT THEIR LIVES. 5900375 true true false false false false false false false true true false false false true false true false true false false false false false true false false false true true true false false false false false false false false false true false false false false false false false false false true 27 0 58 true false false false false false true true false false false false false false X 18 18 false false false false false false false true true false false true true true true true true true false false NY X ROBERT FANTAUZZI 2127412800 324 WEST 15TH STREET NEW YORK NY 10011 X JO BURNSIDE CHAIR 3.0 0.0 X X 0 0 0 JOEL STEINHAUS Vice Chair 3.0 0.0 X X 0 0 0 MARY SANTAMARINA Secretary 3.0 0.0 X X 0 0 0 STEPHANIE CONNOR Treasurer 3.0 0.0 X X 0 0 0 JACKIE ECKHOUSE TRUSTEE 3.0 0.0 X 0 0 0 LEE KEMPLER TRUSTEE 3.0 0.0 X 0 0 0 BRANDON WEBER TRUSTEE 3.0 0.0 X 0 0 0 MORGAN KAVANAGH Trustee 3.0 0.0 X 0 0 0 CHRIS NICHOLSON TRUSTEE 3.0 0.0 X 0 0 0 SYLVIE FAN TRUSTEE 3.0 0.0 X 0 0 0 LIONEL SHOCKNESS TRUSTEE 3.0 0.0 X 0 0 0 NICK SANTOIEMMA TRUSTEE 3.0 0.0 X 0 0 0 DAHLIA FISCHBEIN TRUSTEE 3.0 0.0 X 0 0 0 DAVID COHEN TRUSTEE 3.0 0.0 X 0 0 0 JEFF WHYTE TRUSTEE 3.0 0.0 X 0 0 0 STEPHEN MEYER TRUSTEE 3.0 0.0 X 0 0 0 RENE NICHOLSON TRUSTEE 3.0 0.0 X 0 0 0 SABRINA COUGHLIN TRUSTEE 3.0 0.0 X 0 0 0 DAVID EGOLF HEAD OF SCHOOL 40.0 0.0 X 241740 0 23349 ROBERT FANTAUZZI DIRECTOR OF Business 40.0 0.0 X 171147 0 10170 AMY MARIE RIVERA ASSISTANT HEAD OF SCHOOL 40.0 0.0 X 117634 0 16886 THEA Hubert DIRECTOR OF ADMISSIONS 40.0 0.0 X 141720 0 18348 672241 0 68753 4 false true false 0 222776 805225 1028001 TUITION & FEES 611110 6315306 6315306 AFTER SCHOOL 611110 228201 228201 EARLY BIRD CHILD CARE 611110 6878 6878 SUMMER SCHOOL 611110 177960 177960 6728345 8462 8462 0 0 0 0 0 0 34875 222776 91768 -56893 -56893 3340 1350 1990 1990 0 0 0 MISCELLANEOUS 900099 24444 24444 24444 7734349 6728345 -21997 0 1712580 1712580 0 0 457763 68860 320046 68857 0 3016206 2133981 818856 63369 113370 84870 27183 1317 505559 325882 162765 16912 245873 157007 79828 9038 15000 15000 13295 13295 4400 4400 0 0 0 99126 91996 7130 0 366704 310955 55749 0 0 461337 415203 46134 113920 112678 1242 0 0 0 0 336473 302826 25235 8412 68125 52296 15829 FOOD 131241 131241 OTHER 73645 21469 52176 7734617 5900375 1614161 220081 726307 712379 1056517 795987 442669 580996 69499 78713 0 0 0 0 0 0 0 0 43923 63609 14491011 3785715 10913279 10705296 0 0 0 0 0 0 0 0 0 0 13252194 12936980 378402 380728 0 0 2045929 1879733 7161495 6997169 0 0 0 0 0 0 0 0 109500 122750 9695326 9380380 X 2985001 2998733 510863 496863 61004 61004 3556868 3556600 13252194 12936980 -268 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61004 6490 6490 61004 61004 3659 3659 61004 61004 1355 1355 61004 61004 715 715 61004 255004 32 194000 32 61004 1.00000 false false 453000 453000 12816063 3298842 9517221 524813 486873 37940 697135 697135 10705296 0 STUDENT BONDS PAYABLE 122750 122750 6021769 6021769 1712580 1712580 7734349 6022037 6022037 1712580 1712580 7734617 Part V, Line 4 The School's endowment fund income is available for general operations. Part XI, Line 4b Other Adjustments: Student Financial Aid 1,712,580 Part XII, Line 4b Other Adjustments: Student Financial Aid 1,712,580 true true true true true true true false false false false false false false false false false true SCHEDULE E, PART I, LINE 3 WEBSITE, NEWSLETTERS, ENROLLMENT APPLICATIONS NY ANNUAL AUCTION 257651 222776 34875 37695 10316 43757 0 257651 222776 34875 37695 10316 43757 91768 -56893 NY 324 WEST 15 STREET NEW YORK NY 10011 true Financial Aid 41 1712580 Part I Description of Procedure for Monitoring Use of Funds. The Board annually meets to decide the financial aid being awarded for the year. All amounts are reviewed and approved in the following manner: Families are required to register and provide earnings data to a third party financial evaluator. The financial aid committee reviews the information and makes a decision based upon need. This procedure is done annually by march. X X X X false false false false false false false false false DAVID EGOLF HEAD OF SCHOOL 241740 0 0 14504 8845 265089 ROBERT FANTAUZZI DIRECTOR OF Business 170751 0 396 10170 0 181317 THEA Hubert DIRECTOR OF ADMISSIONS 141720 0 0 8503 9845 160068 A BUILD NYC RESOURCE CORP 454040561 2012-07-18 10000000 REFINANCE OF TAXABLE MORTGAGE false false false A 0 0 10000000 0 0 0 199500 0 0 9800500 0 0 2022 false false true true A false false false false 0 false false false A false false false false false false 0 false 0 false true A true NOAM SPANIER FORMER BOARD MEMBER 88400 APARTMENT RENT false DESCRIPTION OF TRANSACTION LEASE OF APARTMENTS FROM Company IN WHICH HE IS A SHAREHOLDER FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF BUSINESS AND FINANCE ALONG WITH THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAVE BEEN TASKED TO REVIEW THE FORM 990 AFTER COMPLETION BY INDEPENDENT TAX ACCOUNTANTS. ONCE THE COMMITTEE'S REVIEW IS COMPLETE, IT WILL BE PROVIDED TO THE FULL BOARD FOR REVIEW. IN THE EVENT THAT QUESTIONS ARISE DURING THE AUDIT COMMITTEE REVIEW OR BOARD REVIEW, AND THE DIRECTOR OF FINANCE IS UNABLE TO PROVIDE AN APPROPRIATE RESPONSE, THE TAX ACCOUNTANTS WILL BE REQUESTED TO PROVIDE FURTHER CLARIFICATION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. EACH YEAR EVERY MEMBER OF THE BOARD OF TRUSTEES, AS WELL AS OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION CERTIFY THAT THEY HAVE READ THE POLICY AND AGREE TO BE BOUND BY ITS PROVISIONS. THE POLICY NOT ONLY CONTAINS DETAILED PROCEDURES FOR IDENTIFYING CONFLICT OF INTEREST AND RELATED PARTY TRANSACTIONS, BUT ALSO THE PROCESS BY WHICH THE BOARD REVIEWS AND POSSIBLY APPROVES SUCH TRANSACTIONS, AND THE STEPS TO BE TAKEN IF A PERSON SUBJECT TO THE POLICY FAILS TO COMPLY WITH IT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE HEAD OF SCHOOL'S COMPENSATION ANNUALLY BASED UPON THE CONTRACT REQUIREMENTS AND AN EXAMINATION OF DATA FROM COMPARABLE INSTITUTIONS TO DETERMINE REASONABLE COMPENSATION. THE AFOREMENTIONED PROCESS WAS Last COMPLETED IN 2016 and subsequently in July 2019. THE PROCESS TO DETERMINE COMPENSATION OF KEY EMPLOYEES USES COMPARABLE DATA PROVIDED BY NAIS, THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE NAIS DATA MANAGEMENT ANNUAL COLLECTION PROCESS, KNOWN AS DASL, COLLECTS COMPARATIVE DATA FROM ALL 0F THEIR MEMBER SCHOOLS IN THE FALL EACH YEAR. COMPARATIVE DATA CAN BE FILTERED TO SIMILAR SIZED SCHOOLS, GEOGRAPHY, GRADE RANGE, AND SPECIFIC AREAS OF NEW YORK CITY. DATA IS ACCESSED ONLINE AND DOWNLOADED TO EXCEL SHEETS FOR FURTHER COMPARISON AND REVIEW. THE DATA IS REVIEWED BY THE HEAD OF SCHOOL, WHO DETERMINES THE ANNUAL SALARIES FOR ALL KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST TO HEAD OF SCHOOL OR DIRECTOR OF BUSINESS