2019-04-25T13:10:40-05:00 2018-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2017-07-01 113752853 GRACE CHURCH SCHOOL GRAC 2124755609 86 FOURTH AVENUE NEW YORK NY 100035232 FRANK KAMENAR CFO 2124755609 2019-04-19 1 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2019-04-19 47.19.112.226 2019-04-19 08:10:59 ED P CE55B992A4E7BB938BB83E29A744DC585541D033 C9F00FD95E436BC684235A774996A9E8B56183B1 2017 2020-01-14 16:20:31Z FRANK KAMENAR 86 FOURTH AVENUE NEW YORK NY 100035232 57202351 0 X WWW.GCSCHOOL.ORG X 2005 NY TO PROVIDE EXEMPLARY EDUCATION FOR CHILDREN REFLECTING ETHNIC, RELIGIOUS AND ECONOMIC DIVERSITY. 28 28 343 28 0 151001 7108075 11656054 33512611 36159304 1010817 1590532 435753 596684 42067256 50002574 7709453 8132405 0 0 22136327 23515258 0 0 665405 12504797 12833222 42350577 44480885 -283321 5521689 103115653 117814225 68922250 78754330 34193403 39059895 TO PROVIDE EXEMPLARY EDUCATION FOR CHILDREN REFLECTING THE ETHNIC, RELIGIOUS AND ECONOMIC DIVERSITY OF NEW YORK CITY, REGARDLESS OF A FAMILY'S ABILITY TO PAY TUITION. 0 0 40713581 8132405 36435947 GRACE CHURCH SCHOOL SEEKS A STUDENT BODY REFLECTIVE OF THE ETHNIC, RELIGIOUS AND ECONOMIC DIVERSITY OF OUR DOWNTOWN COMMUNITY. A STRUCTURED CURRICULUM, ENRICHED WITH BROAD OPPORTUNITIES FOR CREATIVE EXPRESSION, AIMS TO DEVELOP IN EACH CHILD MENTAL KEENNESS, PHYSICAL CONFIDENCE, PLEASURE IN LEARNING, AND THE SKILLS BASIC TO UNDERSTANDING ONE'S SELF AND THE WORLD. OUR STUDENTS ARE THOROUGHLY PREPARED IN ENGLISH, MATHEMATICS, FOREIGN LANGUAGES, SCIENCE, AND HISTORY. STUDIO ART, MUSIC EDUCATION, DRAMA AND PHYSICAL EDUCATION ARE INTEGRAL TO THE CURRICULUM. COMPUTER INSTRUCTION IS INTEGRATED WITH THE SCHOOL'S COURSE OF STUDY. 40713581 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 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 59 0 1 343 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X FRANK KAMENAR CFO 2124755609 86 FOURTH AVENUE NEW YORK NY 100035232 ALEXANDRA SCOTT TRUSTEE 1.00 X 0 0 0 ANN MELLOW TRUSTEE 1.00 X 0 0 0 BARBARA SIBLEY TRUSTEE 1.00 X 0 0 0 BELLE BURDEN DAVIS TRUSTEE 1.00 X 0 0 0 CAROLINA ESQUENAZI-SHAIO TRUSTEE 1.00 X 0 0 0 DANIEL BERGER TRUSTEE 1.00 X 0 0 0 DAVID SHEVLIN TREASURER 2.00 X X 0 0 0 DAVON RUSSELL TRUSTEE 1.00 X 0 0 0 DOMINIQUE SCHULTE TRUSTEE 1.00 X 0 0 0 ERIC BISCHOF TRUSTEE 1.00 X 0 0 0 ERIK SORENSEN TRUSTEE 1.00 X 0 0 0 FELICIA WASHINGTON TRUSTEE 1.00 X 0 0 0 FOLAKE OLOGUNJA TRUSTEE 1.00 X 0 0 0 GEORGE H WALKER TRUSTEE 1.00 X 0 0 0 GEORGE MAJOROS TRUSTEE 1.00 X 0 0 0 GREG GUSHEE TRUSTEE 1.00 X 0 0 0 JAMES BERMAN TRUSTEE 1.00 X 0 0 0 JANE HOFFMAN TRUSTEE 1.00 X 0 0 0 KARIN GREENFIELD-SANDERS SECRETARY 2.00 X X 0 0 0 KATE PLATT TRUSTEE 1.00 X 0 0 0 LEONA S CHAMBERLIN VICE CHAIR 2.00 X X 0 0 0 MARGARET TOWLES TRUSTEE 1.00 X 0 0 0 MIYOUNG LEE VICE CHAIR 2.00 X X 0 0 0 OLIVIA DOUGLAS CHAIR 3.00 X X 0 0 0 PABLO LEGORRETA TRUSTEE 1.00 X 0 0 0 R MITCHELL THEISS TRUSTEE 1.00 X 0 0 0 ROBERT MCCAIN VICE CHAIR 2.00 X X 0 0 0 TOM GENIESSE ASSISTANT TREASURER 2.00 X X 0 0 0 FRANK KAMENAR CFO 40.00 X 259280 0 44072 GEORGE DAVISON HEAD OF SCHOOL 40.00 X 553648 0 55718 CAROL COLLET ASSISTANT HEAD OF SCHOOL 40.00 X 225871 0 28388 BARBARA HANEY HEAD OF LOWER SCHOOL 40.00 X 208841 0 26306 CHERYL KELLY HEAD OF EARLY CHILDHOOD 40.00 X 177763 0 49536 HUGO MAHABIR HEAD HIGH SCHOOL DIVISION 40.00 X 206680 0 37409 JOYCE KUH DIRECTOR OF DEVELOPMENT 40.00 X 206985 0 26137 MELANIE WHITE DIRECTOR OF COLLEGE COUNSE 40.00 X 207742 0 13448 2046810 0 281014 50 0 1 0 0 955465 472720 10227869 305828 11656054 TUITION AND TRIP FEES 611710 35585816 35585816 ANCILLARY REVENUE 611710 376879 376879 FORFEITED TUITION & OTHER FEES 611710 143359 143359 APPLICATION FEES 611710 53250 53250 36159304 1283781 1283781 362984 0 362984 362984 362984 7378985 7072234 306751 306751 306751 84600 955465 127543 -42943 -42943 MISCELLANEOUS INCOME 900099 276643 276643 276643 50002574 36435947 0 1910573 8132405 8132405 1255843 281896 916482 57465 17571551 16130822 1131946 308783 1260989 1194449 46351 20189 2133126 1937968 157816 37342 1293749 1152478 118126 23145 25287 25287 190610 190610 603408 539224 59784 4400 8231 5203 28 3000 1510123 1330239 121406 58478 4397855 4343570 44104 10181 454840 454840 241568 239916 1652 1212313 1150420 48553 13340 2186467 2071968 89820 24679 285839 270391 10367 5081 FOOD COSTS 848750 752875 35620 60255 MISCELLANEOUS 432867 331563 64818 36486 INTERNSHIPS AND FACULTY 227685 227685 STAFF REC. AND DEV. 170886 164176 4129 2581 36493 1493 35000 44480885 40713581 3101899 665405 0 3408 15127030 17285876 7247332 10198074 786496 950779 870406 266786 72803926 24312228 41838353 48491698 32420761 34090683 4825275 5957292 0 569629 103115653 117814225 4006216 5347441 15421997 15773521 38428790 44924802 129957 33563 10935290 12675003 68922250 78754330 X 20643039 23227358 6076507 8260561 7473857 7571976 34193403 39059895 103115653 117814225 X 5521689 1236517 -1891714 X X 0 1 X 1 0 X 35553391 1210642 2318881 958500 493800 37630614 32685251 814137 3299603 822100 423500 35553391 33196661 1156655 -405440 810600 452025 32685251 31900149 1243614 936898 567500 316500 33196661 27412038 1217414 4035697 482000 283000 31900149 0.79980 0.20020 0 0 1000000 1000000 36371188 11659507 24711681 17250165 6458811 10791354 6918694 6193910 724784 11263879 11263879 48491698 SEG PARTNERS 3756010 F SEG PARTNERS II 372272 F GREAT JONES FUND 301850 F PROTEGE PARTNERS 421776 F NORTH HAVEN CREDIT PARTNERS II 578038 F RPI 527346 F 5957292 DEFERRED RENT 12675003 12675003 X 42916076 1236517 -8132405 -6895888 49811964 190610 190610 50002574 36309871 152001 152001 36157870 190610 8132405 8323015 44480885 PART V, LINE 4: THE ENDOWMENT FUND PROVIDES AN ANNUAL INCOME OF 4.5% OF ITS MARKET VALUE AS OF THE PREVIOUS DECEMBER 31 FOR THE SUPPORT OF OPERATIONS, INCLUDING PROVIDING FINANCIAL AID TO CERTAIN STUDENTS. PART X, LINE 2: THE SCHOOL BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2018, IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -8,132,405. PART XII, LINE 2D - OTHER ADJUSTMENTS: TRANSPORTATION BENEFITS NON DEDUCTIBLE 152,001. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,132,405. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GRACE CHURCH SCHOOL PUBLISHES ITS NONDISCRIMINATORY POLICY ANNUALLY IN A NEWSPAPER, ON ITS WEBSITE, AND ON THE ADMISSIONS APPLICATION. SCHEDULE E, PART I, LINE 6 GRACE CHURCH SCHOOL IS A RECIPIENT OF A GRANT FROM THE NEW YORK STATE EDUCATION DEPARTMENT TO REIMBURSE NON-PUBLIC SCHOOLS FOR PERFORMING CERTAIN MANDATED SERVICES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 999814 0 0 0 0 0 0 999814 0 999814 0 0 0 0 0 0 GALA 1040065 955465 84600 54401 73142 1040065 955465 84600 54401 73142 127543 -42943 1 STUDENT FINANCIAL AID 215 8132405 0 PART I, LINE 2: THE SCHOOL GRANTED NEEDS-BASED FINANCIAL AID TO 215 STUDENTS DURING THE YEAR ENDED JUNE 30, 2018. PARENTS ARE REQUIRED TO FILL OUT AN APPLICATION DEPICTING THEIR FINANCIAL POSITION ALONG WITH COPIES OF THEIR TAX RETURNS AND THE AMOUNT OF AID THEY ARE REQUESTING. A FINANCIAL AID COMMITTEE REVIEWS THE APPLICATIONS AND AWARDS THE GRANTS BASED ON VARIOUS CRITERIA. FUNDS ARE APPLIED TO NEEDED OUTSTANDING TUITION BILLS, THEREFORE, NO ADDITIONAL MONITORING IS REQUIRED. X 1 1 X X X 0 0 0 0 0 0 0 0 0 FRANK KAMENAR CFO 257302 0 0 0 1978 0 34256 0 9816 0 303352 0 0 0 GEORGE DAVISON HEAD OF SCHOOL 462460 0 0 0 91188 0 55718 0 0 0 609366 0 0 0 CAROL COLLET ASSISTANT HEAD OF SCHOOL 225871 0 0 0 0 0 28388 0 0 0 254259 0 0 0 BARBARA HANEY HEAD OF LOWER SCHOOL 208470 0 0 0 371 0 25657 0 649 0 235147 0 0 0 CHERYL KELLY HEAD OF EARLY CHILDHOOD 160881 0 0 0 16882 0 25575 0 23961 0 227299 0 0 0 HUGO MAHABIR HEAD HIGH SCHOOL DIVISION 206422 0 0 0 258 0 22310 0 15099 0 244089 0 0 0 JOYCE KUH DIRECTOR OF DEVELOPMENT 206985 0 0 0 0 0 26137 0 0 0 233122 0 0 0 MELANIE WHITE DIRECTOR OF COLLEGE COUNSE 207652 0 0 0 90 0 13448 0 0 0 221190 0 0 0 PART I, LINE 1A GEORGE DAVISON RECEIVES A FIXED HOUSING ALLOWANCE UNDER HIS EMPLOYMENT CONTRACT AND IS INCLUDED IN PART II, (B), (I). PART II, COLUMN (B) (III) THE AMOUNT IN THIS COLUMN FOR KELLY CHERYL REPRESENTS CONTRIBUTION OF $16,120 TO 457(B) PLAN. A BUILD NYC RESOURCE CORPORATION 454040561 2017-09-20 49778355 SEE PART VI 0 0 0 A 49778355 38778355 421823 7541048 40000 2997129 1 0 0 1 A 0 1 1 1 0 0.00600 0.00600 0 0 1 A 0 1 1 0 1 0 0 0 1 A 1 PART I(F) THE BONDS WERE ISSUED TO MAKE A LOAN TO THE BORROWER TO FINANCE THE CAPITAL PROJECTS AND FOR THE REISSUANCE OF THE SERIES 2013 BONDS (DATED 7/1/13). PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2(B): THE CURRENT REFUNDING PORTION OF THE BOND ISSUE HAS MET THE 6-MONTH EXCEPTION TO REBATE. X 18 305828 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THEN IS DISTRIBUTED TO THE AUDIT COMMITTEE AND MADE AVAILABLE TO THE FULL BOARD FOR REVIEW AT THE FOLLOWING FULL BOARD MEETING PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD SECRETARY AT THE BOARD'S ANNUAL MEETING REQUESTS TRUSTEES TO SIGN THE CONFLICT OF INTEREST FORM AND RETURN IT FOR HIS REVIEW AND FILING. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S CONTRACT IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD AND COMPARED TO A BENCHMARK OF COMPARABLE SCHOOLS. ALL OTHER TOP MANAGEMENT IS REVIEWED WITH THE BOARD CHAIR AND COMPARED TO COMPARABLE SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 A PRINTED COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OCCUPANCY EXPENSES IN EXCESS OF LEASE PAYMENTS -1,739,713. NON DEDUCTIBLE TRANSPORTATION BENEFITS -152,001. PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM PRIOR YEAR.