2020-11-13T15:49:42-06:00 2020-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2019-07-01 112611384 THE BERKELEY CARROLL SCHOOL BERK 7185346579 152 STERLING PLACE BROOKLYN NY 11217 LISA YVETTE WALLER PHD HEAD OF SCHOOL 7185346579 2020-11-13 1 GARRETT M HIGGINS P00543209 9143818900 2020-11-11 24.190.81.120 2020-11-13 15:49:37 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9616F4B14A694591D1E716C270910E6FA5556DA3 2019 2021-01-29 14:40:06Z LISA YVETTE WALLER PHD 152 STERLING PLACE BROOKLYN NY 11217 51665457 0 X WWW.BERKELEYCARROLL.ORG X 1982 NY TO PROVIDE PRIMARY AND SECONDARY EDUCATION THROUGH A DEMANDING CURRICULUM AND VIBRANT CIVIC LIFE TO STUDENTS FROM PRESCHOOL THROUGH GRADE 12, WHERE DEVOTED TEACHERS CHALLENGE AND ENGAGE TALENTED STUDENTS. 25 25 481 350 0 0 3112716 2117875 46781961 48441469 336455 420557 -243898 -445446 49987234 50534455 7637697 8440123 0 0 26474624 27611860 0 0 1407218 11781365 10507705 45893686 46559688 4093548 3974767 78874729 85571746 41837991 45219919 37036738 40351827 X A PASSION FOR LEARNING IS AT THE HEART OF BERKELEY CARROLL. THE SCHOOL IS A CREATIVE AND INTELLECTUAL COMMUNITY WHERE DEVOTED TEACHERS CHALLENGE AND ENGAGE TALENTED STUDENTS. OUR DEMANDING CURRICULUM AND VIBRANT CIVIC LIFE PREPARE OUR DIVERSE GRADUATES FOR SUCCESS IN COLLEGE AND FOR THE GREATER ENDEAVOR - A LIFE OF CRITICAL, ETHICAL, AND GLOBAL THINKING. 0 0 40889678 8440123 46339871 THE BERKELEY CARROLL SCHOOL PROVIDES PRIMARY AND SECONDARY EDUCATION TO ITS STUDENTS FROM PRESCHOOL THROUGH TWELFTH GRADE. THE SCHOOL HAD 978 STUDENTS IN THE FY 2019/2020. 747364 1643339 THE SCHOOL OFFERS TWO SUMMER PROGRAMS THAT RUN FROM JULY THROUGH AUGUST OF EACH YEAR. EACH PROGRAM HAD APPROXIMATELY 200-600 CHILDREN IN THE FY 2019/2020 YEAR. 507646 458259 THE SCHOOL OPERATES AN ATHLETIC CENTER THAT OFFERS AFTERSCHOOL AND WEEKEND GYM AND SWIMMING CLASSES TO ITS STUDENTS AND THE COMMUNITY. 42144688 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 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 1 147 0 481 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ARUNIE DIAS 7185346579 152 STERLING PLACE BROOKLYN NY 11217 ROBERT VITALO FORMER HEAD OF SCHOOL 0.00 X 796337 0 22391 LISA WALLER HEAD OF SCHOOL 60.00 X 379461 0 46463 ARUNIE DIAS CHIEF FINANCIAL OFFICER 60.00 X 228517 0 28494 JANE MOORE DIRECTOR OF UPPER SCHOOL 50.00 X 211090 0 32726 BRANDON CLARKE ASSISTANT HEAD FOR PROGRAM 50.00 X 211546 0 27440 AMANDA PIKE DIRECTOR OF LOWER SCHOOL 40.00 X 187778 0 21008 BRANDIE MALENDEZ-PINTI DIR. OF DIVERSITY AND INCLUSION 40.00 X 164332 0 43107 LINDA ADAMS DIR. OF STRATEGIC COMMUNICATION 40.00 X 183389 0 21470 ANNE FENTON DIR. OF CAMPUS OPERATION 40.00 X 157576 0 41389 CAROLYN MIDDLETON DIR. OF COLLEGE COUNSELLING 40.00 X 169562 0 21638 PAMELA CUNNINGHAM DIRECTOR OF DEVELOPMENT 40.00 X 151929 0 26724 ANNE GUNNING DIRECTOR OF PE 40.00 X 156151 0 8889 JOSEPH POLIZZOTTO CHAIR 10.00 X X 0 0 0 CHARLES RUBLE IV VICE CHAIR 10.00 X X 0 0 0 SUSAN MARCINEK SECRETARY 10.00 X X 0 0 0 PRASHANT MUPPARAPU TREASURER 3.00 X X 0 0 0 ANDREW FABENS TRUSTEE 3.00 X 0 0 0 ANTHONY CORNICELLO TRUSTEE 3.00 X 0 0 0 DENISE GAMBLE TRUSTEE 3.00 X 0 0 0 KATYA JESTIN TRUSTEE 3.00 X 0 0 0 SARADA KRISHNAMURTHY TRUSTEE 3.00 X 0 0 0 MICHAEL WEAVER TRUSTEE 3.00 X 0 0 0 VIRGINIA FREIRE TRUSTEE 3.00 X 0 0 0 ERIC EVE TRUSTEE 3.00 X 0 0 0 LIISA FIEDELHOLTZ TRUSTEE 3.00 X 0 0 0 JULIE KAY TRUSTEE 3.00 X 0 0 0 JAMES MORGANO TRUSTEE 3.00 X 0 0 0 CHRISSY BEVERAGE TRUSTEE 3.00 X 0 0 0 ROBERT DUNPHY TRUSTEE 3.00 X 0 0 0 JULIE KWON TRUSTEE 3.00 X 0 0 0 TINA NOVOGRATZ TRUSTEE 3.00 X 0 0 0 MORAD MASJEDI TRUSTEE 3.00 X 0 0 0 DENNIS MASEL TRUSTEE 3.00 X 0 0 0 JOEL STECKEL TRUSTEE 3.00 X 0 0 0 COLBY SYNESAEL TRUSTEE 3.00 X 0 0 0 ALEXA ROBINSON TRUSTEE 3.00 X 0 0 0 JAMES SHIPP TRUSTEE 3.00 X 0 0 0 2997668 0 341739 51 1 1 0 ARJ TRANSPORTATION 431 N COURTLAND STREET EAST STROUDSBURG PA 18301 BUS SERVICE 1072089 FLIK INTERNATIONAL CORP CHARTWELLS COMPASS GROUP POBOX BOSTON MA 02241 FOOD SERVICES 1025672 J A JENNING INC 211 E 43RD STREET STE 1400 NEW YORK NY 10017 CONSTRUCTION CONTRACTOR 476610 EUROSTRUCT INC 228 RUSSELL STREET BROOKLYN NY 11222 CONSTRUCTION CONTRACTOR 385665 FAME CONSTRUCTION INC 23-88 BKLYN QUEENS EXPWY W ASTORIA NY 11103 CONSTRUCTION CONTRACTOR 372560 12 149353 513038 1455484 161343 2117875 STUDENT TUITION AND FEES 611600 45982761 45982761 AUXILIARY SERVICES 900099 2437333 2437333 FEES/FINANCE CHARGES 900099 21375 21375 48441469 420557 420557 427807 885744 -457937 -457937 -457937 214154 149353 245258 -31104 -31104 MISCELLANEOUS INCOME 900099 43595 43595 43595 50534455 48441469 0 -24889 8440123 8440123 1907616 1762315 80150 65151 21157694 19546140 888957 722597 1101489 990329 58065 53095 1828139 1686588 66436 75115 1616922 1495825 64114 56983 138141 55258 82883 78195 7819 66466 3910 184585 97048 78742 8795 70198 61420 2926 5852 600171 515003 44180 40988 503705 396214 77063 30428 451646 337968 94016 19662 820270 819801 94 375 761051 497813 210590 52648 2604828 1848510 605054 151264 344536 253627 72727 18182 UBI TAX 8900 8900 INSTRUCTION 2320217 2319300 917 REPAIR AND MAINTENANCE 803781 512822 255554 35405 PROFESSIONAL DEVELOPMEN 403398 345501 52107 5790 414083 146364 206741 60978 46559688 42144688 3007782 1407218 2963141 1698611 5655382 15461067 872783 417377 573734 662762 794232 537739 82276546 27763174 56231692 54513372 11293709 12267978 490056 12840 78874729 85571746 3693510 3248274 8811804 7718758 22466677 21927183 5282167 10213727 1583833 2111977 41837991 45219919 X 29240063 32790582 7796675 7561245 37036738 40351827 78874729 85571746 X 3974767 341427 -1001105 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11137780 813562 605960 201799 12355503 9990447 623639 711356 187662 11137780 9056435 328262 774405 168655 9990447 6800148 1475276 997647 216636 9056435 6697975 205089 49079 151995 6800148 0.46360 0.35350 0.18290 0 0 2826000 2826000 73134904 23589912 49544992 6112991 4173262 1939729 202651 202651 54513372 INTEREST RATE SWAP AGREEMENT 2106559 DEFERRED COMPENSATION 5418 2111977 X 42320398 341427 885744 1227171 41093227 9441228 9441228 50534455 39005309 885744 885744 38119565 8440123 8440123 46559688 PART V, LINE 4: THE SCHOOL'S ENDOWMENT IS USED TO PROVIDE FINANCIAL AID FOR NEED BASED STUDENTS, PROFESSIONAL DEVELOPMENT FOR FACULTY AND STAFF, AND TO SUPPORT OTHER INSTRUCTIONAL PROGRAMS. PART X, LINE 2: TTHE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII LINE 6B 885,744. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID NETTED AGAINST REVENUE 8,440,123. UNREALIZED LOSS ON INTEREST RATE SWAP 1,001,105. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII LINE 6B 885,744. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID NETTED AGAINST REVENUE 8,440,123. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS NONDISCRIMINATION POLICY IN ALL ARENAS THAT THE SCHOOL ADVERTISES DURING ITS ADMISSIONS SEASON. THE SCHOOL ALSO ANNUALLY PUBLISHES ITS NONDISCRIMINATION POLICY IN THE EMPLOYEE HANDBOOK AND STUDENT PARENT HANDBOOK AND POSTS THE POLICY ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES AN ANNUAL GRANT FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION BASED ON THE ATTENDANCE OF THE SCHOOL BODY. (MANDATED AID) BENEFIT 293507 97089 196418 39834 91788 5872 73262 GOLF OUTING 70000 52264 17736 23433 11069 363507 149353 214154 63267 91788 5872 84331 245258 -31104 1 SCHOLARSHIPS AND FINANCIAL AID 243 8440123 PART I, LINE 2: STUDENT AID IS AWARDED ON AN ANNUAL BASIS BASED ON THE NEED OF THE FAMILY. THE FOLLOWING PROCEDURES ARE FOLLOWED WHEN GRANTING AID: PARENTS START THE APPLICATION PROCESS BY SUBMITTING AN APPLICATION TO TADS (TUITION AID DATA SERVICES) WHICH PROVIDES AN INDEPENDENT OPINION OF AN APPROPRIATE NEEDBASED AWARD AMOUNT TO THE SCHOOL. THE SCHOOL'S FINANCIAL AID COMMITTEE THEN REVIEWS THE APPLICATION AND OTHER RELEVANT DOCUMENTATION, ALONG WITH THE RECOMMENDATION BY TADS AND DETERMINES THE FINANCIAL AID AMOUNT TO BE AWARDED TO EACH STUDENT. ONCE AID IS GRANTED, THE AID IS APPLIED TO THE STUDENT'S ENROLLMENT CONTRACT AND ANY OTHER AUXILIARY SERVICES, REDUCING THE TOTAL AMOUNT OF TUITION AND/OR AUXILIARY SERVICES TO BE PAID BY THE FAMILY TO THE SCHOOL. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 ROBERT VITALO FORMER HEAD OF SCHOOL 281633 0 0 0 514704 0 6325 0 16066 0 818728 0 478379 0 LISA WALLER HEAD OF SCHOOL 296838 0 0 0 82623 0 30000 0 16463 0 425924 0 0 0 ARUNIE DIAS CHIEF FINANCIAL OFFICER 228517 0 0 0 0 0 18600 0 9894 0 257011 0 0 0 JANE MOORE DIRECTOR OF UPPER SCHOOL 211090 0 0 0 0 0 13193 0 19533 0 243816 0 0 0 BRANDON CLARKE ASSISTANT HEAD FOR PROGRAM 211546 0 0 0 0 0 17094 0 10346 0 238986 0 0 0 AMANDA PIKE DIRECTOR OF LOWER SCHOOL 187778 0 0 0 0 0 18539 0 2469 0 208786 0 0 0 BRANDIE MALENDEZ-PINTI DIR. OF DIVERSITY AND INCLUSION 164332 0 0 0 0 0 10755 0 32352 0 207439 0 0 0 LINDA ADAMS DIR. OF STRATEGIC COMMUNICATION 183389 0 0 0 0 0 11164 0 10306 0 204859 0 0 0 ANNE FENTON DIR. OF CAMPUS OPERATION 157576 0 0 0 0 0 10379 0 31010 0 198965 0 0 0 CAROLYN MIDDLETON DIR. OF COLLEGE COUNSELLING 169562 0 0 0 0 0 10500 0 11138 0 191200 0 0 0 PAMELA CUNNINGHAM DIRECTOR OF DEVELOPMENT 151929 0 0 0 0 0 15586 0 11138 0 178653 0 0 0 ANNE GUNNING DIRECTOR OF PE 156151 0 0 0 0 0 0 0 8889 0 165040 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL, LISA WALLERS, RECEIVED AN ANNUAL HOUSING ALLOWEANCE PAYABLE MONTHLY, IN THE AMOUNT OF $60,000 DURING 2019 INCLUDED IN HER W-2. THE HEAD OF SCHOOL ALSO RECEIVED GROSS-UP PAYMENT OF $13,123 DURING 2019 INCLUDED IN HER W-2 FOR MOVING EXPENSES. THE FORMER HEAD OF SCHOOL, ROBERT VITALO, RECEIVED AN ANNUAL HOUSING ALLOWANCE PAYABLE MONTHLY, IN THE AMOUNT OF $30,000 DURING 2019 INCLUDED IN HIS W-2. PART I, LINE 4B LISA WALLER PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED PLAN. THE ORGANZIATION CONTRIBUTED $5,500 TO LISA WALLER'S 457(F) PLAN DURING 2019. THE FORMER HEAD OF SCHOOL, ROBERT VITALO, RECEIVED $478,379 DISTRIBUTION FROM HIS 457(F) PLAN DURING 2019 INCLUDED IN HIS W-2. A BUILD NYC RESOURCE CORPORATION 454040561 2014-06-03 25380000 PROVIDE FUNDS TO REFUND PRIOR ISSUE AND ALSO CONSTRUCT SCHOOL BUILDINGS 0 0 0 A 3225000 25380000 475121 24904879 2013 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 CITIZENS BANK 8.000000000000 0 0 0 0 1 A 1 X 9 161343 AVG. SELLING PRICE 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS REVIEWED BY THE CFO AND HEAD OF SCHOOL FOR ACCURACY AND COMPLETENESS. THEN, A COPY OF THE DRAFT FORM 990 IS POSTED TO DILIGENT (BOARD DOCUMENT SOFTWARE) FOR REVIEW BY THE FINANCE COMMITTEE WHO APPROVES THE DRAFT AT THE FINANCE COMMITTEE MEETING. THE APPROVED DRAFT IS THEN POSTED TO DILIGENT TO BE REVIEWED BY ALL BOARD MEMBERS WHO APPROVE THE FINAL DRAFT AT THE BOARD MEETING BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL EMPLOYEES, OFFICERS AND TRUSTEES OF THE SCHOOL. THE CFO ROUTINELY REVIEW ALL VENDOR CONTRACTS FOR ALL MATERIAL ITEMS, INCLUDING POTENTIAL CONFLICTS OF INTEREST. THE POLICY IS DETAILED IN THE EMPLOYEE HANDBOOK, AND ALL EMPLOYEES ARE REQUIRED TO SIGN AN ACKNOWLEDGEMENT ANNUALLY OF ALL POLICIES, INCLUDING THE CONFLICT OF INTEREST POLICY. IN ADDITION, ALL TRUSTEES SUBMIT WRITTEN STATEMENTS ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE POLICY. WITH THE EXCEPTION OF THE HEAD OF SCHOOL, ANY POTENTIAL CONFLICT INVOLVING AN EMPLOYEE WOULD BE BROUGHT TO THE HEAD OF SCHOOL. IF THE POTENTIAL CONFLICT INVOLVES THE HEAD OF SCHOOL OR A TRUSTEE, THE MATTER WOULD BE BROUGHT TO THE ATTENTION OF THE CHAIR OF THE BOARD OF TRUSTEES. A PERSON WITH A CONFLICT OF INTEREST MAY MAKE A PRESENTATION AT A BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE CONFLICT OF INTEREST. IN ADDITION, ONLY PERSONS WHO ARE INDEPENDENT TRUSTEES AS DEFINED IN THE BYLAWS MAY VOTE ON THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 HEAD OF SCHOOL: WHENEVER AN EMPLOYMENT CONTRACT FOR THE HEAD OF SCHOOL IS PREPARED, AN AD HOC COMMITTEE OF THE BOARD OF TRUSTEES IS FORMED. IN ADDITION, AN INDEPENDENT CONSULTANT IS HIRED TO PROVIDE INDEPENDENT RESEARCH AND COMPARABILITY DATA. THE SCHOOL'S LAW FIRM GETS INVOLVED IN PROVIDING THE EXACT LANGUAGE FOR THE CONTRACT, AMOUNTS AND METHODS OF COMPENSATION. APPROVAL FOR THIS PROCESS IS DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES. REVIEW OF THIS POLICY WAS LAST UNDERTAKEN IN 2019. ALL OTHER EMPLOYEES: ALL OTHER EMPLOYMENT CONTRACTS ARE DETERMINED BY THE HEAD OF SCHOOL WHO REFERS TO THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, MARKET COMPARABILITY DATA, YEARS OF EXPERIENCE, EDUCATION AND QUALIFICATIONS WHEN DECIDING ON ALL COMPENSATION AND BENEFITS. APPROVAL OF THIS POLICY IS DOCUMENTED IN THE FINANCE AND BOARD MINUTES. REVIEW OF THIS PROCESS WAS LAST UNDERTAKEN IN 2019. FORM 990, PART VI, SECTION C, LINE 19 THE EXEMPT ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT 152 STERLING PLACE, BROOKLYN, NY 11217 OR BY CALLING THE ORGANIZATION DIRECTLY AT 718-534-6579. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP -1,001,105. PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.