2019-05-13T13:50:12-05:00 2018-06-30 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2017-07-01 210688891 CHAPIN SCHOOL CHAP 6099242449 4101 PRINCETON PIKE PRINCETON NJ 08540 BARBARA PASTERIS HEAD OF SCHOOL 6099242449 2019-05-13 1 BRIDGET HARTNETT P01429163 9739949494 2019-05-13 96.225.92.15 2019-05-13 12:49:34 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4C84F2E4754EDABD1601D80A9BA97309DA3F6D80 2017 2020-04-17 16:48:07Z BARBARA PASTERIS 4101 PRINCETON PIKE PRINCETON NJ 08540 11721066 0 X WWW.CHAPINSCHOOL.ORG X 1951 NJ CHAPIN SHARES A COMMITMENT TO EACH CHILD'S ACADEMIC, EMOTIONAL, ETHICAL, CREATIVE, PHYSICAL, AND SOCIAL DEVELOPMENT. IN SMALL CLASSES THAT PROMOTE ACTIVE LEARNING, DEDICATED FACULTY CREATE ENVIRONMENTS WHERE CRITICAL THINKING, EFFECTIVE COMMUNICATION, CREATIVITY AND CURIOSITY FLOURISH. ENCOUNTERING CHALLENGES THAT LEAD TO SUCCESS, STUDENTS DEVELOP A POSITIVE SENSE OF SELF. A STRONG COMMITMENT TO CHAPIN'S FIVE VIRTUES (RESPECT, RESPONSIBILITY, HONESTY, KINDNESS, AND PERSEVERANCE) FOSTER AN ENVIRONMENT FOR CHARACTER DEVELOPMENT THAT COMPLEMENTS OUR RIGOROUS ACADEMIC PROGRAMS. 23 23 114 103 0 436 753241 1455974 8550100 7746804 212557 376427 9165 -14132 9525063 9565073 2266210 1927770 0 0 5534467 5082436 0 0 143474 2628753 2598677 10429430 9608883 -904367 -43810 24692811 23754605 11318115 10333069 13374696 13421536 X CHAPIN IS DEDICATED TO THE BELIEF THAT LIFELONG HABITS OF THE MIND AND HEART ARE FORMED IN THE ELEMENTARY AND MIDDLE SCHOOL YEARS. CHAPIN PROVIDES A RICHLY TEXTURED EDUCATION THAT INSPIRES ACADEMIC ACHIEVEMENT AND BUILDS STRENGTH OF CHARACTER. WITHIN A DIVERSE, CARING AND SUPPORTIVE COMMUNITY, WE PREPARE OUR STUDENTS TO MEET THE FUTURE WITH SKILL, CONFIDENCE, DETERMINATION AND GENEROSITY OF SPIRIT. 0 0 7563656 1927770 7746804 FIRST, WE BELIEVE THAT CHAPIN IS A PLACE TO LEARN ABOUT BEING A GOOD STUDENT AND A GOOD PERSON. WE HAVE HIGH ACADEMIC EXPECTATIONS AND STUDENTS RISE TO THE CHALLENGE IN AN ATMOSPHERE OF WARMTH AND CARING. CHAPIN'S COMFORTABLE ENVIRONMENT ENCOURAGES STDUENTS TO ASK QUESTIONS, TAKE RISKS, AND MAKE THE MISTAKES NECESSARY FOR LEARNING TO TAKE PLACE. OUR ACADEMIC PROGRAM IS DEMANDING, AND IT WORKS. WE HAVE A PROVEN TRACK RECORD OF SUCCESS IN SECONDARY SCHOOL PLACEMENT. 7563656 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 1 0 0 0 1 0 0 0 0 0 0 0 0 1 14 0 1 114 1 1 1 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X THE ORGANIZATION 6099242449 4101 PRINCETON PIKE PRINCETON NJ 08540 CHRISTIANA FOGLIO PRESIDENT 4.00 X X 0 0 0 PHIROZE RAO VICE PRESIDENT 4.00 X X 0 0 0 JEFFREY RUSSO TREASURER 4.00 X X 0 0 0 BENJAMIN BICKFORD SECRETARY 4.00 X X 0 0 0 CATHY BATTERMAN TRUSTEE 2.00 X 0 0 0 CHETAN BHARGIRI TRUSTEE 2.00 X 0 0 0 DINA BREWER CHARTER TRUSTEE 2.00 X 0 0 0 ANDERS EVJU TRUSTEE 2.00 X 0 0 0 JAMIE GRISWOLD CHARTER TRUSTEE 2.00 X 0 0 0 ANJNA KUMAR TRUSTEE 2.00 X 0 0 0 JOANNA GORDON MARTIN CHARTER TRUSTEE 2.00 X 0 0 0 DAVID LAWS TRUSTEE 2.00 X 0 0 0 GEORGE MCCLELLAN TRUSTEE 2.00 X 0 0 0 KRISTIN MCLAUGHLIN TRUSTEE 2.00 X 0 0 0 AMY PRICE TRUSTEE 2.00 X 0 0 0 MARYANNE QUINN TRUSTEE 2.00 X 0 0 0 DEBORAH PEREIRA REPKO TRUSTEE 2.00 X 0 0 0 SUKHI HOTHI-SANGHA TRUSTEE 2.00 X 0 0 0 PATRIZIA THOMAS TRUSTEE 2.00 X 0 0 0 PETER TSAHALIS TRUSTEE 2.00 X 0 0 0 JAMES WALTERS TRUSTEE 2.00 X 0 0 0 PETER WILBY CHARTER TRUSTEE 2.00 X 0 0 0 SEAN WOODROFFE CHARTER TRUSTEE 2.00 X 0 0 0 ANDREA CORPENING PA PRESIDENT 2.00 X 0 0 0 BARBARA PASTERIS HEAD OF SCHOOL 50.00 X 142337 0 22819 MARK LEDERER DIRECTOR OF TECHNOLOGY & CURRICULUM 45.00 X 110227 0 15907 SHANA LINDSEY HEAD OF LOWER SCHOOL 45.00 X 103764 0 12912 GILBERTO OLVERA HEAD OF UPPER SCHOOL 45.00 X 103560 0 5175 459888 0 56813 4 0 1 0 0 125435 1330539 466614 1455974 TUITION 611110 7383565 7383565 LUNCH PROGRAM 611110 150769 150769 AFTER SCHOOL PROGRAM 611110 83981 83981 PARENT ASSOCIATION 611110 49053 49053 CLUBS 611110 16735 16735 62701 62701 7746804 69996 69996 29000 5170 23830 23830 23830 2403862 2097431 306431 306431 306431 15430 125435 53392 -37962 -37962 9565073 7746804 0 362295 1927770 1927770 224264 22426 179412 22426 3743483 2992929 724025 26529 194143 159690 33671 782 616174 494583 115906 5685 304372 223688 76650 4034 3641 3641 25950 25950 34354 34354 7197 7197 119437 113465 5972 7989 7839 150 41363 41363 126662 101330 18999 6333 13031 10806 2225 242489 242489 1027702 822162 154155 51385 135173 135173 AUXILLARY 251960 251960 REPAIRS & MAINTENANCE 204665 204665 OTHER EXPENSES 148774 50182 78264 20328 ACTIVITY/PROGRAM EXPENS 106096 106096 102194 102194 9608883 7563656 1901753 143474 1239883 804116 79712 286588 303218 847113 46611 94200 14128 14128 115626 115640 28283790 9975758 19161237 18308032 3670502 2998897 61894 285891 24692811 23754605 934761 709927 1977662 1805668 8405692 7762112 0 55362 11318115 10333069 X 9867210 9802291 228244 191643 3279242 3427602 13374696 13421536 24692811 23754605 X -43810 -133347 223997 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3456970 1053593 176768 1101968 3585363 3677764 409084 367749 997627 3456970 5236898 1106 -81610 1478630 3677764 5341094 159387 126624 341309 48898 5236898 5738518 945960 571573 1886419 28538 5341094 0.03250 0.95540 0.01210 0 0 1980125 1980125 22286553 6725687 15560866 781118 589542 191576 3075952 2558529 517423 160042 102000 58042 18308032 CAPITAL LEASE OBLIGATIONS 55362 55362 X 7833838 -133347 47323 282559 196535 7637303 1927770 1927770 9565073 7786998 47323 58562 105885 7681113 1927770 1927770 9608883 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO FURTHER THE MISSION AND PROGRAMS OF THE ORGANIZATION IN ACCORDANCE WITH DONOR RESTRICTIONS. PART X, LINE 2: THE SCHOOL FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING 2018 AND 2017. AT JUNE 30, 2018 AND 2017, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 53,392. BUILDING USE EXPENSES 5,170. GAIN ON INTEREST RATE SWAP 223,997. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,927,770. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 53,392. BUILDING USE EXPENSES 5,170. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,927,770. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 YES, THE ORGANIZATION HAS PUBLICIZED ITS POLICY THROUGH AN OUTSIDE ORGANIZATION, THE NJAIS, THAT HANDLES THE BROADCAST. GALA 103946 88821 15125 8800 29 700 23683 RUNATHON 36919 36614 305 1477 18703 140865 125435 15430 8800 1506 700 42386 53392 -37962 1 FINANCIAL AID TO STUDENTS 94 1927770 FMV FINANCIAL AID TO STUDENTS PART I, LINE 2: GRANTS ARE REDUCTIONS OF TUITION OWED TO THE SCHOOL BY STUDENTS. NO FUNDS ARE RELEASED. NEED BASED SCHOLARSHIPS ARE CREDITED TO INDIVIDUAL STUDENT ACCOUNTS,REDUCING THE AMOUNT DUE. RECIPIENTS ARE REQUIRED TO FILE A FINANCIAL STATEMENT WITH AN INDEPENDENT AGENCY WHO EVALUATES THE STATEMENT AND MAKES A RECOMMENDATION TO THE SCHOOL OF THE AMOUNT OF SCHOLARSHIP THE APPLICANT SHOULD RECEIVE. THE SCHOOL CONSIDERS THE RECOMMENDATION TOGETHER WITH THE TOTAL FUNDS AVAILABLE FOR SCHOLARSHIPS AND MAKES AWARDS ACCORDINGLY BASED UPON THE NEED OF THE STUDENT AND THE AVAILABILITY OF FUNDS. X X 0 0 0 0 0 0 0 0 0 BARBARA PASTERIS HEAD OF SCHOOL 142337 0 0 0 0 0 14937 0 7882 0 165156 0 0 0 A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 2016-02-19 8200000 REFINANCE EXISTING LOAN FOR SCHOOL ADDITION 0 0 0 A 8200000 115520 8084750 2015 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 0 VARIOUS TRUSTEES BOARD MEMBER 85350 FINANCIAL AID/SCHOLARSHIP PROVIDE SUPPORT TO ALLOW FINANCIALLY NEEDY TO ATTEND THE SCHOOL. X 100 FMV X 50 FMV X 4 443212 FMV X 1 23152 FMV X ELIPTICAL MACHINE 1 100 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE SCHOOL, WHO ARE PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED AT THE SCHOOL, ARE INVITED TO ATTEND ANNUAL MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES REVIEWS THE SCHOOL'S AUDITED FINANCIAL STATEMENTS AND FORM 990. THE REVIEW IS ASSIGNED BY THE BOARD OF TRUSTEES TO THE BOARD'S FINANCE COMMITTEE, WHICH APPROVES THE FINANCIAL STATEMENTS AND THE FORM 990 UPON SUCCESSFUL COMPLETION. THE FULL BOARD RECEIVES COPIES OF FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE TRUSTEES REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES THE HEAD OF SCHOOL'S COMPENSATION, WHO ESTABLISHES AN ACCEPTABLE COMPENSATION RANGE FOR THE OFFICERS BASED UPON INFORMATION OBTAINED FROM COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 223,997. FORM 990, PART XII, LINE 2C, OVERSIGHT OF AUDIT NO CHANGE IN ITS OVERSIGHT PROCESS OR SELECTION PROCESS FROM THE PRIOR YEAR.