2019-05-07T12:23:15-05:00 2018-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2017-07-01 131635257 The Chapin School Ltd % MARC BOGURSKY C/O CHAPIN SCH CHAP 2124724690 100 EAST END AVENUE NEW YORK NY 10028 MARC G BOGURSKY CFO 2124724690 2019-05-07 true CANDICE METH P01306891 2129498700 64.238.150.4 26505220191275000011 2019-05-07 P 45E03A01E385EA2FD4321D9DC7B70482997C2D58 45E03A01E385EA2FD4321D9DC7B70482997C2D58 2017 2019-02-21 02:37:17Z Patricia Hayot Head of School 100 EAST END AVENUE NEW YORK NY 10028 98867475 false X WWW.CHAPIN.EDU X 1929 NY THE CHAPIN SCHOOL IS AN INDEPENDENT DAY School for young women in Grades K-12. Chapin's committed to preparing YOUNG WOMEN TO THRIVE/LEAD THROUGH THE PURSUIT Of Academic EXCELLENCE. 26 26 288 450 0 87099 15611892 20384759 35056602 36827419 7003238 4911485 135739 179694 57807471 62303357 5604954 6008267 0 0 23799587 26045764 152500 0 3089943 18336379 17048944 47893420 49102975 9914051 13200382 328479673 375673720 104772829 140536019 223706844 235137701 THE CHAPIN SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR YOUNG WOMEN IN GRADES K THROUGH 12. CHAPIN IS COMMITTED TO PREPARING YOUNG WOMEN TO THRIVE AND LEAD THROUGH THE PURSUIT OF ACADEMIC EXCELLENCE, PERSONAL INTEGRITY AND COMMUNITY RESPONSIBILITY. false false 36276564 6008267 36827419 THE SCHOOL MEETS THE EDUCATIONAL NEEDS OF APPROXIMATELY 793 STUDENTS FROM KINDERGARTEN THROUGH 12TH GRADE, WITH AN INSTRUCTIONAL STAFF OF 126 AND THE ADDITIONAL SUPPORT OF 61 EMPLOYEES. GRANTS ARE GIVEN BY THE SCHOOL IN THE FORM OF FINANCIAL AID TO ELIGIBLE STUDENTS. DURING THE SCHOOL YEAR ENDED JUNE 30 2018, 159 ELIGIBLE STUDENTS WERE AWARDED SUCH SCHOLARSHIPS. 36276564 true true false false false false false false false true true false false false true true true false true false true false false false false false false false true true true false false false false false true false false false false true false false false false false false false false true X 54 0 true 288 true true true false false false false false false false false false X 26 26 false false false false false false false true true false false true true true true true true true true false NY X MARC BOGURSKY CO CHAPIN SCH 2124724690 100 EAST END AVENUE NEW YORK NY 10028 LeeAnn Black Chair 20.0 0.0 X X 0 0 0 Linda B Brandi Vice Chair 10.0 0.0 X X 0 0 0 Robert Baynard Vice Chair, Finance 5.0 0.0 X X 0 0 0 Clarence Mitchell Secretary 5.0 0.0 X X 0 0 0 Alexa Bator Chae Assistant Secretary 5.0 0.0 X X 0 0 0 Denise Bailey-Castro Trustee 2.0 0.0 X 0 0 0 Melinda Cheng Trustee 2.0 0.0 X 0 0 0 James H Clark Trustee 2.0 0.0 X 0 0 0 Rodney S Cohen Trustee 2.0 0.0 X 0 0 0 Stephanie Coleman Trustee 2.0 0.0 X 0 0 0 Bettina Goldstein Decker Trustee 2.0 0.0 X 0 0 0 Christina Diggs Trustee 2.0 0.0 X 0 0 0 Claudio Garcia Trustee 2.0 0.0 X 0 0 0 Brian Higgins Trustee 2.0 0.0 X 0 0 0 Mona Aboelnaga Kanaan Trustee 2.0 0.0 X 0 0 0 Farida Khan Trustee 2.0 0.0 X 0 0 0 Beth Kojima Trustee 2.0 0.0 X 0 0 0 Kim Karetsky Krinsky Trustee 2.0 0.0 X 0 0 0 Eric Lane Trustee 2.0 0.0 X 0 0 0 William S Macklowe Trustee 2.0 0.0 X 0 0 0 Lawrence Neubauer Trustee 2.0 0.0 X 0 0 0 Nicholas Potter Trustee 2.0 0.0 X 0 0 0 Linda Gosden Robinson Trustee 2.0 0.0 X 0 0 0 Dr Samantha Boardman Rosen Trustee 2.0 0.0 X 0 0 0 Carolyn Rowan Trustee 2.0 0.0 X 0 0 0 Burwell Espy Schorr Trustee 2.0 0.0 X 0 0 0 Patricia Hayot Head of School 40.0 0.0 X 2054830 0 43939 Marc Bogursky Chief Financial Officer 40.0 0.0 X 131252 0 26605 Mary Jo Quigley Associate Head of School 40.0 0.0 X 243997 0 39204 Anne Borland Director Of Advancement 40.0 0.0 X 219569 0 37046 Mary Rafferty Head of Middle School 40.0 0.0 X 227060 0 37007 Ilana Pergam Director of Studies 40.0 0.0 X 190378 0 33798 Thomas Palermo Plant Director 40.0 0.0 X 194692 0 35302 3261778 0 252901 64 false true false JRM CONSTRUCTION 242 WEST 32ND STREET NEW YORK NY 10018 CONSTRUCTION 27008047 ABM JANITORIAL SVSC NEAST INC PO BOX 1534 NEW YORK NY 100081534 JANITORIAL SERVICES 2098504 ARAMARK CORPORATION PO BOX 7790-4230 PHILADELPHIA PA 19182 FOOD SERVICES 1740600 NK ARCHITECTS 95 WASHINGTON STREET MORRISTOWN NJ 07960 ARCHITECTS 1665080 SITE SAFETY LLC 21 WEST 38TH STREET NEW YORK NY 10018 SAFETY CONSULTANT 853354 38 545769 19838990 981756 20384759 TUITION INCOME 611710 35390330 35390330 LUNCHROOM INCOME 611710 1388510 1388510 APPLICATION FEE INCOME 611710 45579 45579 BUS SERVICES 611710 3000 3000 36827419 5096157 5096157 0 0 1750 1750 0 1750 1750 36329190 36513862 -184672 -184672 -184672 0 0 0 0 0 0 158805 50256 108549 108549 OTHER INCOME 900099 69395 69395 69395 62303357 37005363 4913235 0 6008267 6008267 0 0 2469137 876055 936041 657041 0 17951272 13398790 3196627 1355855 1691917 1076076 516305 99536 2457286 1382556 937129 137601 1476152 914378 468257 93517 0 106283 106283 107976 107976 0 0 121674 121674 388139 310198 77941 0 1261612 232393 794390 234829 0 0 846713 658240 109562 78911 16190 12516 2290 1384 0 169272 28624 115170 25478 1039631 852497 155945 31189 0 6426986 5270128 964048 192810 375318 375318 OTHER INSTRUCTIONAL EXPENSE 1031907 1031907 LUNCH ROOM EXPENSE 1577141 1577141 BUILDING AND MAINTENANCE 3461711 2838605 519255 103851 STUDENT ACTIVITIES 118391 118391 49102975 36276564 9736468 3089943 657247 8677442 64729853 58529911 21679385 19486526 1261324 1241989 500000 500000 0 0 0 0 0 0 298592 210218 229706509 54930842 139856912 174775667 81815223 93033985 16403518 17391367 0 0 0 0 1277619 1826615 328479673 375673720 8451865 11474968 0 0 4359233 5820656 91085731 122094512 0 0 0 0 0 0 0 0 876000 1145883 104772829 140536019 X 197044682 210427665 23565994 21588868 3096168 3121168 223706844 235137701 328479673 375673720 X 13200382 -1524034 -245491 X false true X true false X 56312134 6375234 2041333 6238000 58490701 52609706 6635661 3474767 6408000 56312134 53414593 25100 5424013 6254000 52609706 52690457 6779136 6055000 53414593 43569540 10000 14764917 5654000 52690457 0.95000 0.05000 0.00000 false false 1264097 1264097 133124541 42085082 91039459 14606360 12845760 1760600 80711511 80711511 174775667 0 AND ANNUITY INCOME GIFTS 166476 ACCRUED BOND INTEREST 979407 1145883 X 54699638 -1524034 50256 -1473778 56173416 121674 6008267 6129941 62303357 43268781 295747 295747 42973034 121674 6008267 6129941 49102975 SCHEDULE D PART V LINE 4 USE OF ENDOWMENT FUNDS: The School's Endowment Funds provide a predictable stream of funding to programs supported by its endowment, while seeking to maintain the purchasing power of the endowment. SCHEDULE D PART X LINE 2 Income Tax Uncertainties: The School is subject to the provisions of the Financial Accounting Standards Board's (the "FASB") Accounting Standards Codification ("ASC") Topic 740, Income Taxes, as it relates to accounting and reporting for uncertainty in income taxes. because of the School's general tax exempt status, management believes ASC Topic 740 has not had, and is not expected to have, a material impact on the School's financial statements. SCHEDULE D PART XI LINE 2D OTHER REVENUE INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED IN FORM 990: BOOK STORE EXPENSE $50,256 SCHEDULE D PART XI LINE 4B AMOUNTS INCLUDED IN FORM 990 NOT INCLUDED IN FINANCIAL STATEMENTS: SCHOLARSHIP EXPENSE $6,008,267 SCHEDULE D PART XII LINE 2D OTHER EXPENSE INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED IN FORM 990: BOOK STORE EXPENSE $50,256 AND BAD DEBT EXPENSES OF $245,491 TOTALING $295,747. SCHEDULE D PART XII LINE 4B EXPENSES INCLUDED IN FORM 990 NOT INCLUDED IN FINANCIAL STATEMENTS: SCHOLARSHIPS $6,008,267 true true true true true true true false false false false false false false false true false true SCHEDULE E PART I LINE 3 PUBLICATION OF NONDISCRIMINATORY POLICY: THE SCHOOL MAKES ALL INTERESTED PARTIES AWARE OF ITS NONDISCRIMINATION POLICY THROUGH NEWSPAPER ADVERTISEMENT, BROCHURES AND OTHER MEDIA. SCHEDULE E PART I LINE 6A ASSISTANCE FROM GOVERNMENT: THE SCHOOL RECEIVED FINANCIAL ASSISTANCE FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR MANDATED SERVICES. THE FINANCIAL ASSISTANCE AMOUNTED TO $545,769. Central America and the Caribbean Investments NONE 17391367 17391367 17391367 false false false false true false Schedule F, Part IV Foreign Investments: The School maintains investments in foreign partnerships. All related filings for these investments are completed appropriately and filed on a timely basis, when required. The threshold for reporting was not met in the current year. The foreign investments noted on Schedule F, PART I, Line 3 are reported based at their fair value using the accrual method in accordance the U.S. GAAP. true STUDENT SCHOLARSHIPS 159 6008267 FMV Tuition reduction Schedule I Part line 2 THE CHAPIN SCHOOL SUPPORTS ECONOMIC DIVERSITY THROUGH A FINANCIAL AID PROGRAM, AVAILABLE TO STUDENTS AT ALL GRADE LEVELS. THE PROGRAM, BASED SOLELY ON NEED, IS AVAILABLE TO ACADEMICALLY QUALIFIED STUDENTS. THE CHAPIN SCHOOL BELIEVES THAT THE PRIMARY FINANCIAL RESPONSIBILITY FOR A CHILD'S EDUCATION RESTS WITH THE PARENTS, TO THE FULL EXTENT THAT THEY ARE ABLE. THE GOAL OF THE FINANCIAL AID PROGRAM IS TO OFFSET THE DIFFERENCE BETWEEN THE COST OF ATTENDANCE AND A FAMILY'S AVAILABLE FINANCIAL RESOURCES. ADMISSIONS DECISIONS ARE MADE WITHOUT REGARD TO FINANCIAL NEED. LIKE MOST INDEPENDENT SCHOOLS, CHAPIN USES THE STANDARDIZED CALCULATION DERIVED BY THE SCHOOL AND STUDENT SERVICE ("SSS") FOR FINANCIAL AID, A DIVISION OF the NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, TO CALCULATE A FAMILY'S CONTRIBUTION TO THE COST OF A CHAPIN EDUCATION. THIS SYSTEM CONSIDERS GROSS TAXABLE AND NON-TAXABLE INCOME, ASSETS, LIABILITIES, FAMILY SIZE AND THE NUMBER OF STUDENTS IN TUITION-CHARGING SCHOOLS OR COLLEGES. AFTER AN ALLOWANCE FOR BASIC NECESSITIES AND REQUIRED TAXES, THE REMAINING FUNDS ARE CONSIDERED AVAILABLE FOR EDUCATION ON A SLIDING SCALE. EVERY FAMILY APPLYING FOR FINANCIAL AID BEGINS BY COMPLETING THE PARENTS' FINANCIAL STATEMENT (PFS). THE DATA IN THIS APPLICATION IS ANALYZED BY SSS AND A RECOMMENDATION OF FAMILY CONTRIBUTION IS REPORTED TO CHAPIN AND TO THE FAMILY. THE CHAPIN SCHOOL WILL REVIEW, RE-ANALYZE AND, IF NECESSARY, RE-COMPUTE THIS RECOMMENDATION IN ACCORDANCE WITH SCHOOL POLICIES, GEOGRAPHICAL LOCATION, COST-OF-LIVING DIFFERENCES, AND OTHER FACTORS TO DETERMINE THE AWARDS. X X X true true X X X X false true false false false false false true false Patricia Hayot Head of School 771693 0 758670 0 524467 0 31284 0 12655 0 2098769 0 0 0 Marc Bogursky Chief Financial Officer 131252 0 0 0 0 0 13950 0 12655 0 157857 0 0 0 Mary Jo Quigley Associate Head of School 243997 0 0 0 0 0 26549 0 12655 0 283201 0 0 0 Anne Borland Director Of Advancement 219569 0 0 0 0 0 24391 0 12655 0 256615 0 0 0 Mary Rafferty Head of Middle School 227060 0 0 0 0 0 24352 0 12655 0 264067 0 0 0 Ilana Pergam Director of Studies 190378 0 0 0 0 0 21143 0 12655 0 224176 0 0 0 Thomas Palermo Plant Director 194692 0 0 0 0 0 22647 0 12655 0 229994 0 0 0 PART I, LINES 1A, 4B AND 7: COMPENSATION: THE COMPENSATION COMMITTEE OF THE TRUSTEES DETERMINES THE ANNUAL INCREASE FOR THE HEAD OF THE SCHOOL. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR OTHER EMPLOYEES. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA. BONUS AND INCENTIVE COMPENSATION: ONE TIME END OF SERVICE CONTRACTUAL PAYMENT TO HEAD OF SCHOOL PER CONTRACT ENDING IN 2017. HEAD OF SCHOOL CONTRACT WAS EXTENDED FOR THREE YEARS THROUGH 2020 FOR THE BENEFIT OF THE SCHOOL. END OF SERVICE PAYMENT OBLIGATION HAS BEEN FULFILLED WITH THE 2017 PAYMENT. OTHER COMPENSATION: IN 2017, HEAD OF SCHOOL VESTED IN A MULTI-YEAR DEFERRED COMPENSATION PLAN TO WHICH CHAPN AND HEAD OF SCHOOL MADE CONTRIBUTIONS. HOUSING: CHAPIN REQUIRES ITS HEAD OF SCHOOL TO USE A SCHOOL OWNED RESIDENCE TO CONDUCT SCHOOL RELATED BUSINESS AND TO HOST FREQUENT SCHOOL RELATED ACTIVIES FOR THE CONVENIENCE OF THE SCHOOL. A NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 12008ELW4 2016-08-24 25000000 CIVIC FACILITY REVENUE BONDS Serie false false false B NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 12008ELX2 2016-08-24 25000000 CIVIC FACILITY REVENUE BONDS Serie false false false C NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 12008ELY0 2016-08-24 25000000 CIVIC FACILITY REVENUE BONDS Serie false false false D NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 12008ENM4 2017-12-20 25000000 CIVIC FACILITY REVENUE BONDS Serie false false false A 0 0 25000000 0 1156454 0 251127 0 0 23592419 0 0 2017 true false true true B 0 0 25000000 0 1156454 0 251127 0 0 23592419 0 0 2017 true false true true C 0 0 25000000 0 1156454 0 251127 0 0 23592419 0 0 2017 true false true true D 0 0 25000000 0 1156454 0 672205 0 0 23171341 0 0 2018 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false false false false false false 0 false 0 false true B false false false false false false 0 false 0 false true C false false false false false false 0 false 0 false true D false false false false true false 0 false 0 false true A true B true C true D true PATRICIA HAYOT Head of School - HOUSING MORTGAGE (Mortgage due 2021) X 500000 500000 false true true 500000 X 121 981756 FMV false true true Part I question 32 THE SCHOOL USES CHARLES SCHWAB TO SELL DONATED SECURITIES. FORM 990 PART I, Lines 7a, 7b and Part V, lines 3a and 3b UNRELATED BUSINESS INCOME TAX: DUE TO THE TAX CUTS AND JOBS ACT THE SCHOOL WAS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON THE DISALLOWED TRANSIT AND QUALIFIED PARKING BENEFITS AND ACCORDINGLY FILED FEDERAL FORM 990-T. FORM 990 PART VI SECTION B LINE 11A REVIEW OF FORM 990: The audit committee of the board has a meeting with the CHIEF FINANCIAL OFFICER to review the form 990 and its required attachments and schedules. During this meeting a thorough review of all financial and narrative information is undertaken to make sure all reports and schedules reflect the actual operating results of the school for the most recently completed fiscal year. A final draft copy of the form 990 is provided to the full board prior to its filing. After review, the CHIEF FINANCIAL OFFICER files the completed return with the internal revenue service. FORM 990 PART VI SECTION B LINE 12C CONFLICT OF INTEREST POLICY: TRUSTEES AND PROFESSIONAL STAFF ARE REQUIRED TO ATTEST ANNUALLY TO THEIR FAMILIARITY WITH THE SCHOOL'S POLICIES AND PROVIDE INFORMATION CONCERNING ANY POSSIBLE CONFLICT OF INTEREST. FORM 990 PART VI SECTION B LINE 15A AND 15B COMPENSATION: THE COMPENSATION COMMITTEE OF THE TRUSTEES DETERMINES THE ANNUAL INCREASE FOR THE HEAD OF THE SCHOOL. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR OTHER EMPLOYEES. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA. FORM 990 PART VI SECTION C LINE 18 AND 19 PUBLIC INSPECTION: THE SCHOOL MAKES ITS FORM 990, CHAR500, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST, OR THOSE SAME FORMS MAY BE OBTAINED THROUGH WWW.CHARITIESNYS.COM AND WWW.GUIDESTAR.ORG. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE DISTRIBUTED INTERNALLY AND ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990 PART XI LINE 9 OTHER CHANGES IN NET ASSETS CONSISTS OF BAD DEBT EXPENSES OF $245,491.