2019-12-04T10:23:53-06:00 2019-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2018-07-01 131623878 ALLEN-STEVENSON SCHOOL ALLE 2122886710 132 EAST 78TH STEET NEW YORK NY 10075 DAVID R TROWER HEADMASTER 2122886710 2019-12-04 1 GARRETT M HIGGINS P00543209 2122862600 2019-12-04 4.15.211.182 2019-12-04 08:25:40 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4F9F0882E2C1046A9DC4DC01D0F262469E3815E0 2018 2020-04-17 16:48:07Z DAVID R TROWER 132 EAST 78TH STEET NEW YORK NY 10075 45953791 0 X WWW.ALLEN-STEVENSON.ORG X 1904 NY TO PROVIDE CONTINUOUS EDUCATION FOR BOYS FROM KINDERGARTEN THROUGH 9TH GRADE. 22 21 272 262 0 151269 8595308 7955242 21450473 22283096 1082562 3543407 13033 -53574 31141376 33728171 2122958 2212267 0 0 17173453 17855339 246750 22500 1575547 7260727 6609485 26803888 26699591 4337488 7028580 105600262 119153656 16610449 27470837 88989813 91682819 X ALLEN-STEVENSON'S DISTINCTIVE "ENLIGHTENED TRADITIONAL" APPROACH EDUCATES BOYS TO BECOME SCHOLARS AND GENTLEMEN. IN THE BELIEF THAT THERE ARE MANY WAYS TO BE A BOY, THE SCHOOL OFFERS AN ONGOING COMMITMENT TO EACH STUDENT AND USES THE BEST INSIGHTS AND TOOLS AVAILABLE TO UNDERSTAND HIM AS A WHOLE PERSON. WE INSPIRE IN EACH BOY AN APPRECIATION OF RESPONSIBLE CITIZENSHIP AND A LIFELONG LOVE OF LEARNING. 0 0 17329583 2004850 20335000 3 A'S:ALLEN-STEVENSON'S VIGOROUS PROGRAM OF ACADEMICS, ATHLETICS AND THE ARTS ("THE 3 A'S") TEACHES BOYS TO VALUE THE GRATIFYING PROCESS BY WHICH EXCELLENCE IS ATTAINED. WE CHALLENGE OUR STUDENTS TO TAKE SUITABLE RISKS, LEARN FROM THEIR MISTAKES, AND SUPPORT EACH OTHER. THE SCHOOL PROVIDED THIS PROGRAM TO 415 BOYS IN 2018 FROM KINDERGARTEN TO 9TH GRADE, WITH 135 FACULTY AND STAFF. 696865 117395 909502 AFTER SCHOOL PROGRAM (ALLIGATOR SOUP):ALLEN-STEVENSON OFFERS A WONDERFULLY DIVERSE AND ENGAGING AFTER SCHOOL PROGRAM FOR KINDERGARTEN THROUGH FOURTH GRADE. IN ADDITION, THERE IS A MIDDLE SCHOOL PROGRAM FOR BOYS IN FIFTH AND SIXTH GRADES. 445035 66186 540982 INSTRUMENTAL MUSIC PROGRAM:ALLEN-STEVENSON OFFERS A MUSIC PROGRAM THAT PROVIDES MUSIC ENRICHMENT FOR APPROXIMATELY 220 INSTRUMENTAL STUDENTS, WITH A STAFF OF 12 INSTRUMENTAL INSTRUCTORS. 1712207 23836 497612 ALLEN-STEVENSON PROVIDES NUMEROUS OTHER PROGRAMS, WHICH SUPPORT AND ENHANCE THE ALLEN-STEVENSON EXPERIENCE AND COMMUNITY, AND INCLUDE BUT ARE NOT LIMITED TO: A SUMMER DAY PROGRAM, YEARBOOK, GILBERT & SULLIVAN, BIRTHDAY PARTIES, ETC. 1712207 23836 497612 20183690 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 94 0 272 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X HYDEE BRESSLER DIRECTOR OF FINANCE 2122886710 132 EAST 78TH STEET NEW YORK NY 10075 DAVID R TROWER HEADMASTER 50.00 X X 716975 0 100369 MARK I GREENE PRESIDENT 5.00 X X 0 0 0 RONALD S ROLFE PRESIDENT EMERITUS 5.00 X X 0 0 0 ALEXANDER KLABIN VP & TREASURER 3.00 X X 0 0 0 LISA PAGLIANO SELZ SECRETARY 3.00 X X 0 0 0 PAQUITA Y DAVIS-FRIDAY TRUSTEE THRU 05/2019 1.00 X 0 0 0 KERIANNE FLYNN TRUSTEE 1.00 X 0 0 0 KENNETH M GARSCHINA TRUSTEE 1.00 X 0 0 0 STEPHANIE DRESCHER GORMAN TRUSTEE 1.00 X 0 0 0 JOSHUA HARRIS TRUSTEE 1.00 X 0 0 0 MONICA KEANY TRUSTEE 1.00 X 0 0 0 PETER KELLNER TRUSTEE 1.00 X 0 0 0 RASHIDA LA LANDE TRUSTEE 1.00 X 0 0 0 DANIEL LASCANO TRUSTEE THRU 05/2019 1.00 X 0 0 0 JAMIE MAGID TRUSTEE 1.00 X 0 0 0 GREG MONDRE TRUSTEE 1.00 X 0 0 0 METIN NEGRIN TRUSTEE 1.00 X 0 0 0 LARA OBOLER TRUSTEE 1.00 X 0 0 0 SCOTT PARROT TRUSTEE 1.00 X 0 0 0 ANUPAMA POOLE TRUSTEE 1.00 X 0 0 0 AIMA RAZA TRUSTEE 1.00 X 0 0 0 ELIZABETH STEINBERG TRUSTEE 1.00 X 0 0 0 JAY WILKINS TRUSTEE 1.00 X 0 0 0 JAMES WILSON TRUSTEE 1.00 X 0 0 0 HYDEE BASSEL DIR OF FINANCE & OPERATION 40.00 X 250944 0 74762 SUSAN ETESS DIR OF ADMISSIONS 40.00 X 261871 0 26912 STEVEN COHEN UPPER SCHOOL HEAD 40.00 X 170693 0 26373 KIMBERLY KYTE MIDDLE SCHOOL HEAD 40.00 X 187135 0 33771 STEPHEN M WARNER LOWER SCHOOL HEAD 40.00 X 193222 0 57077 KATHERINE DUCKWORTH-SCHACHTER DIRECTOR OF DEVELOPMENT 40.00 X 187888 0 65242 WINIFRED BARNES DIRECTOR OF ORGANIZATIONAL INITIATIVES 40.00 X 186493 0 45458 ANDREW C ZEVON DIRECTOR OF TECHNOLOGY 40.00 X 200263 0 20346 RICHARD ALIFANO ATHLETIC DIRECTOR 40.00 X 195234 0 47357 DAVID KERSEY TEACHER/ALUM RELATIONS 40.00 X 171923 0 16116 MICHELE V DEMKO MUSIC DEPARTMENT CHAIR 40.00 X 174956 0 16850 ANNE RUSSO-MEYER LEARNING RESOURCE CENTER 40.00 X 163249 0 49314 3060846 0 579947 39 0 1 0 PAV-LAK CONTRACTING 325 MARCUS BOULEVARD HAUPPAUGE NY 11778 CONSTRUCTION MGMT 14065597 KLIMENT HALSBAND ARCHITECTS LLP 322 EIGHTH AVENUE NEW YORK NY 10001 ARCHITECTURE SERVICES FOR BUILDING PROJE 446091 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICE 423489 DOMANI INSPECTION SERVICES 226 EAST MERRICK RD VALLEY STREAM NY 11580 CONSTRUCTION CONTRACTOR 340259 SCHOLASTIC TRANSPORTATION 5912 AVENUE N PO BOX 4628 BROOKLYN NY 11234 SCHOOL BUS SERVICE 283091 19 112750 239480 7603012 154424 7955242 TUITION & FEES 611710 20335000 20335000 AFTER SCHOOL PROGRAM 611710 909502 909502 MUSIC LESSONS 611710 540982 540982 ADMISSIONS AND FEES 611710 285643 285643 AUXILIARY PROGRAMS 611710 211969 211969 22283096 597053 597053 14933604 764 11988014 0 2945590 764 2946354 2946354 122137 112750 237606 -115469 -115469 REFUNDS AND REBATES 900099 54135 54135 OTHER REVENUE 900099 7760 7760 61895 33728171 22283096 0 3489833 2212267 2212267 2661759 1302809 851717 507233 11784718 9675263 1651898 457557 925643 793151 128066 4426 1439542 1032915 213440 193187 1043677 831803 177326 34548 9537 9537 69780 69780 22500 22500 35000 35000 48762 8202 11660 28900 516020 21165 351421 143434 204159 103549 94189 6421 1075623 779637 193545 102441 3720 3720 93833 66564 26044 1225 131278 8294 122654 330 1577499 770638 759193 47668 156121 109285 40591 6245 UBI TAX EXPENSES 32361 24806 5498 2057 STUDENT SERVICE 741947 741947 INSTRUCTION 598839 598839 AUXILIARY PROGRAM 589898 589898 725108 512658 198795 13655 26699591 20183690 4940354 1575547 5087733 4053362 15053674 24481184 7492637 5064209 1380415 1661224 765529 787795 96419030 23252539 53347439 73166491 22206868 9733653 203922 112314 62045 93424 105600262 119153656 5590112 8458656 5411130 5805281 5491491 13028164 117716 178736 16610449 27470837 X 47495465 49302575 38683578 39330789 2810770 3049455 88989813 91682819 105600262 119153656 X 7028580 -2783103 -1552471 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X EDUCATION 0 27662841 240372 759540 231385 35000 28396368 26037740 97195 1848451 285545 35000 27662841 22215443 1437020 2839674 419397 35000 26037740 21864619 551834 -77691 123319 22215443 22251194 281965 -165650 502890 21864619 0.85420 0.10740 0.03840 0 0 8188062 8188062 39797301 20101873 19695428 17940 17940 0 4110567 3132726 977841 44305160 44305160 73166491 DEFERRED COMPENSATION 178736 178736 X 28717287 -2783103 19486 -2763617 31480904 35000 2212267 2247267 33728171 26024281 1571957 1571957 24452324 35000 2212267 2247267 26699591 PART III, LINE 4: IN ITS LIBRARY, THE SCHOOL EXHIBITS A HISTORICAL MAP DATING BACK TO 1755, WHICH SHOWS THE 13 COLONIES AND LANDS USED AS "LAND GRANTS" BY REVOLUTIONARY GOVERNMENTS AS A METHOD OF OBTAINING MILITARY SERVICES. THE MAP IS AN EDUCATIONAL TOOL OF THE SCHOOL IN PROVIDING A QUALITY EDUCATION TO ITS STUDENTS. PART V, LINE 4: THE OBJECTIVE OF THE SCHOOL IS TO MAINTAIN THE PRINCIPAL ENDOWMENT FUNDS AT THE ORIGINAL AMOUNT DESIGNATED BY THE DONOR. THE INVESTMENT POLICY TO ACHIEVE THIS OBJECTIVE IS TO INVEST IN A DIVERSIFIED PORTFOLIO. INTEREST EARNED IN RELATION TO THE ENDOWMENT FUNDS IS RECORDED AS TEMPORARILY RESTRICTED INCOME AND THE SPENDING ALLOCATION MAY BE TRANSFERRED TO THE CURRENT OPERATING BUDGET UP TO THE PERCENTAGE ALLOCATION AMOUNT OF THE CURRENT SPENDING POLICY. ORGANIZATION MADE A CORRECTION TO FY2017 BOARD-DESIGNATED ENDOWMENT FUND TO PROPERLY REFLECT AN ADDITION OF OPERATING SURPLUS FROM FY2017. PART X, LINE 2: THE 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, 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASSED DIRECT EXPENSES OF SPECIAL EVENT 19,486. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED AGAINST REVENUE 2,212,267. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE-OFF OF PLEDGE RECEIVABLE 235,278. LOSS ON DISPOSAL OF ASSET 1,317,193. RECLASSED DIRECT EXPENSES OF SPECIAL EVENT 19,486. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED AGAINST REVENUE 2,212,267. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALLEN STEVENSON SCHOOL IS ONE OF MANY SCHOOLS WHO IS LISTED IN THE INDEPENDENT SCHOOL ADMISSIONS ASSOCIATION OF GREATER NEW YORK (ISAAGNY) ADVERTISEMENT THAT STATES ITS NON-DISCRIMINATORY POLICY TOWARDS STUDENT ACCEPTANCES. ITS NON-DISCRIMINATORY POLICY IS ALSO INCLUDED IN ALL MARKETING MATERIALS AND ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 ALLEN-STEVENSON SCHOOL RECEIVES FUNDS FROM NEW YORK STATE DEPARTMENT OF EDUCATION. X X X X X X X 1 COMMUNITY COUNSELING SERVICES CO LLC PO BOX 824885 PHILADELPHIA NY 191824885 CAPITAL CAMPAIGN CONSULTING 0 0 22500 -22500 22500 -22500 NY ALLEN-STEVENSON SPRING BENEFIT 218304 112750 105554 66030 4906 13325 133859 ICE SKATING PARTY 16583 16583 19486 234887 112750 122137 85516 4906 13325 133859 237606 -115469 SCHEDULE G, PART I, LINE 2B, COLUMN (V) EXPLANATION FOR PAYMENT TO COMMUNITY COUNSELING SERVICES CO., LLC: CCS PROVIDES EXECUTIVE CONSULTING FOR THE CAPITAL CAMPAIGN AND SUPPORTS THE SCHOOL'S HEADMASTER IN HIS FUNDRAISING EFFORTS. THE SCHOOL HAD A MONTHLY RETAINER RELATIONSHIP WITH CCS IN AMOUNT OF $7,500. 1 FINANCIAL AID/SCHOLARSHIPS 62 2212267 PART I, LINE 2: THE SCHOOL GRANTS FINANCIAL AID SCHOLARSHIPS TO THOSE FAMILIES WHO CANNOT AFFORD THE FULL TUITION. THE PROCESS FOR DETERMINING THE SCHOLARSHIP AWARD IS AS FOLLOWS: THE DIRECTOR OF FINANCE & OPERATIONS SETS THE BUDGET FOR THE TOTAL AMOUNT OF SCHOLARSHIPS TO BE AWARDED. THE FINANCE COMMITTEE REVIEWS THE BUDGET PRIOR TO BOARD APPROVAL. IN OCTOBER, AN EMAIL NOTIFICATION IS SENT TO FAMILIES WITH A LINK TO TADS.COM ("TADS"), AND PROMPTING FAMILIES TO LOG ON AND SUBMIT THROUGH TADS A FINANCIAL AID APPLICATION, ALONG WITH THEIR PRIOR YEAR'S TAX RETURNS AND INFORMATION ABOUT WHAT AMOUNT THEY CAN PAY TOWARD TUITION. BASED ON THE FORM AND DOCUMENTATION SUBMITTED BY THE FAMILIES, TADS WILL CALCULATE THE AMOUNT EACH FAMILY CAN AFFORD TO CONTRIBUTE TOWARDS TUITION. THIS INFORMATION IS REVIEWED BY THE DIRECTOR OF ADMISSIONS, WHO CREATES A SPREADSHEET OF POTENTIAL SCHOLARSHIPS TO BE GRANTED TO EACH STUDENT. THE DIRECTOR OF FINANCE & OPERATIONS REVIEWS THE SPREADSHEET, A SUMMARY OF WHICH, IS ALSO SHARED WITH THE FINANCIAL AID COMMITTEE OF THE BOARD ONCE THE RECOMMENDED ALLOCATIONS ARE COMPLETED. AWARD LETTERS ARE SENT TO THE FAMILIES THAT MUST BE ACCEPTED BY THE PARENT. CHANGES MAY OCCUR IF THERE SEEMS TO BE INCONSISTENCIES IN THE FINANCIAL DATA SUBMITTED (AS ALL APPLICANTS MUST SUBMIT THEIR COMPLETED 1040 TAX RETURNS AND BUSINESS RETURNS IF APPLICABLE). X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DAVID R TROWER HEADMASTER 714992 0 0 0 1983 0 59455 0 40914 0 817344 0 0 0 HYDEE BASSEL DIR OF FINANCE & OPERATION 248755 0 0 0 2189 0 23426 0 51336 0 325706 0 0 0 SUSAN ETESS DIR OF ADMISSIONS 259666 0 0 0 2205 0 23589 0 3323 0 288783 0 0 0 STEVEN COHEN UPPER SCHOOL HEAD 169590 0 0 0 1103 0 15134 0 11239 0 197066 0 0 0 KIMBERLY KYTE MIDDLE SCHOOL HEAD 171170 0 0 0 15965 0 17398 0 16373 0 220906 0 0 0 STEPHEN M WARNER LOWER SCHOOL HEAD 175601 0 0 0 17621 0 18343 0 38734 0 250299 0 0 0 KATHERINE DUCKWORTH-SCHACHTER DIRECTOR OF DEVELOPMENT 186318 0 0 0 1570 0 18593 0 46649 0 253130 0 0 0 WINIFRED BARNES DIRECTOR OF ORGANIZATIONAL INITIATIV 185026 0 0 0 1467 0 17843 0 27615 0 231951 0 0 0 ANDREW C ZEVON DIRECTOR OF TECHNOLOGY 198802 0 0 0 1461 0 17791 0 2555 0 220609 0 0 0 RICHARD ALIFANO ATHLETIC DIRECTOR 193686 0 0 0 1548 0 18423 0 28934 0 242591 0 0 0 DAVID KERSEY TEACHER/ALUM RELATIONS 171120 0 0 0 803 0 14651 0 1465 0 188039 0 0 0 MICHELE V DEMKO MUSIC DEPARTMENT CHAIR 173851 0 0 0 1105 0 15158 0 1692 0 191806 0 0 0 ANNE RUSSO-MEYER LEARNING RESOURCE CENTER 162076 0 0 0 1173 0 15645 0 33669 0 212563 0 0 0 PART I, LINE 1A THE SCHOOL REIMBURSES MR. DAVID TROWER, AS HEADMASTER OF THE SCHOOL, THE COST OF HIS DUES FOR CLUB MEMBERSHIP TO THE UNION CLUB AS PER HIS CONTRACT. SOCIAL CLUB DUES ARE NON TAXABLE BY VIRTUE OF BEING A WORKING CONDITION FRINGE UNDER IRC SECTION 132. THE HEADMASTER USES THE MEMBERSHIP EXCLUSIVELY FOR SCHOOL PURPOSES. IN ADDITION, CERTAIN TAXABLE BENEFITS THAT THE SCHOOL PAYS FOR THE HEADMASTER ARE GROSSED UP AND INCLUDED ON SCHEDULE J, PART II, COLUMN B, III. PART I, LINE 4B DAVID R. TROWER, SCHOOL HEADMASTER, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN 457(F) AND RECEIVED CONTRIBUTION TO HIS DEFERRED COMPENSATION UNDER A 457(F) PLAN TOTALING $50,000. DAVID R. TROWER DID NOT RECEIVE A DISTRIBUTION IN 2018. 19000 FINANCIAL AID NEED-BASED SCHOLARSHIPS X 1 3800 COST X 1250 COST X 7 66770 AVG. SELLING PRICE X 3 2426 COST X 1 800 COST X ENTERTAINMENT/TICKET/OTHER 64 79378 COST 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE FORM 990 TO OBTAIN AN UNDERSTANDING OF THE REPORTING REQUIREMENTS AND TO ENSURE IT IS ACCURATE AND COMPLETE. SUBSEQUENTLY, A COPY OF THE FORM 990 (WITHOUT SCHEDULE B) IS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE DISCUSSES THE FORM 990 WITH MANAGEMENT AND RESOLVES ANY QUESTIONS THAT ARISE. THE PUBLIC INSPECTION COPY OF THE FORM 990 IS THEN DISTRIBUTED, EITHER ELECTRONICALLY OR BY HARD COPY, TO THE BOARD FOR REVIEW AND COMMENT. IN ORDER TO ENSURE CONFIDENTIALITY OF OUR DONORS, THE DONOR LIST (SCHEDULE B) IS NOT INCLUDED IN THE DISTRIBUTION. THE FORM 990 IS FILED ONCE THE BOARD'S COMMENTS ARE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND ALL OTHER EMPLOYEES SIGN A CONFLICT OF INTEREST POLICY STATEMENT ANNUALLY, WHICH IS REVIEWED BY MANAGEMENT. IF A CONFLICT APPEARS TO EXIST, MANAGEMENT AND THE BOARD OF TRUSTEES AUDIT COMMITTEE WILL MEET WITH THE INDIVIDUAL TO OBTAIN ALL THE FACTS. IF A CONFLICT IS IDENTIFIED, THE INDIVIDUAL TO WHOM IT PERTAINS MUST REFRAIN FROM PARTICIPATING IN THE DECISION MAKING CONCERNING THE MATTER THAT GAVE RISE TO THE CONFLICT. ADDITIONALLY, AN EMPLOYEE WHO RECOMMENDS A VENDOR TO THE SCHOOL MUST DISCLOSE TO THE DIRECTOR OF FINANCE AND OPERATIONS AND THE HEAD OF SCHOOL WHETHER HE OR SHE HAS A RELATIONSHIP WITH THAT VENDOR. IF APPROVED AS APPROPRIATE, THAT VENDOR MUST PROVIDE THE SCHOOL WITH A MINIMUM OF THREE PROFESSIONAL REFERENCES. ADDITIONALLY, THERE WILL BE A BIDDING PROCESS WHERE TWO ADDITIONAL OUTSIDE INDEPENDENT VENDORS WILL BE ASKED TO BID ON THE JOB OR SERVICE AS WELL. FORM 990, PART VI, SECTION B, LINE 15 THE DIRECTOR OF FINANCE AND OPERATIONS OBTAINS INFORMATION FROM THE DASL SYSTEM THAT SHOWS DETAILED SALARY FIGURES FOR VARIOUS POSITIONS IN DIFFERENT COHORTS. THREE SCHOOL GROUPS ARE USED FOR COMPARISON OF CURRENT SALARIES TO ALLEN-STEVENSON SCHOOL'S HIGHLY COMPENSATED AND KEY EMPLOYEES SUCH AS HEAD OF SCHOOL, THE DIRECTOR OF FINANCE AND OPERATIONS, DIVISION HEADS, DIRECTOR OF ADMISSIONS, FACILITIES DIRECTOR, DIRECTOR OF ATHLETICS, AND DIRECTOR OF DEVELOPMENT. THE PERSONNEL AND COMPENSATION COMMITTEE, MADE UP OF 4 BOARD MEMBERS, REVIEWS THE HEAD'S RECOMMENDATION OF THE SALARIES OF THE ABOVE LISTED POSITIONS, EXCEPT FOR HIS OWN SALARY, FOR FAIRNESS AND APPROPRIATENESS. THE HEADMASTER'S SALARY IS RECOMMENDED BY THE PRESIDENT OF THE BOARD, AND APPROVED BY THE OTHER MEMBERS OF THE COMPENSATION COMMITTEE. THE MEETINGS OF THE COMPENSATION COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED. THIS PROCESS WAS LAST COMPLETED JANUARY 2019. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS FORM 990 AVAILABLE FOR PUBLICATION INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FORM 990, CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FACULTY AND STAFF HANDBOOKS ARE AVAILABLE UPON REQUEST AT 132 EAST 78TH STREET, NEW YORK, NY 10075. FORM 990, PART XI, LINE 9: WRITE-OFF OF PLEDGE RECEIVABLE -235,278. LOSS ON DISPOSAL OF ASSETS -1,317,193. FORM 990, PART XII, LINE 2C: THE PROCESS FOR ASSUMING RESPONSIBILITY OVER THE AUDIT OF THE ORGANIZATION AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED SINCE THE PRIOR YEAR.