SAINT ANNS SCHOOL: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- SAINT ANNS SCHOOL (EIN 11-2606681)
- Tax period
- 2016-08-01 to 2017-07-31
- Filed
- 2018-05-23
- IRS object ID
- 201821439349300047
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-23T14:12:51-05:00 | ReturnTs |
| Tax Period End | 2017-07-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'Connor Davies LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 665 Fifth Avenue | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-08-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 112606681 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAINT ANN'S SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SAIN | BusinessNameControlTxt |
| Phone | 7185221660 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 129 PIERREPONT STREET | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11201 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Mindy Schefen | PersonNm |
| Person Title | Head of School | PersonTitleTxt |
| Phone | 7185221660 | PhoneNum |
| Signature | 2018-05-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Garrett M Higgins | PreparerPersonNm |
| PTIN | P00543209 | PTIN |
| Phone | 2122862600 | PhoneNum |
| Preparation | 2018-05-23 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Vincent Tompkins | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 129 PIERREPONT STREET | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $87,447,631 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SAINTANNSNY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1965 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | See Schedule O | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 541 | TotalEmployeeCnt |
| Total Volunteers | 29 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,382,359 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,054,687 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $45,882,469 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $47,386,238 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,123,004 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,611,797 | CYInvestmentIncomeAmt |
| PY Other Revenue | $56,612 | PYOtherRevenueAmt |
| CY Other Revenue | $67,342 | CYOtherRevenueAmt |
| PY Total Revenue | $55,444,444 | PYTotalRevenueAmt |
| CY Total Revenue | $58,120,064 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $9,812,061 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $10,609,833 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $30,406,630 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $32,094,182 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $853,046 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,531,375 | PYOtherExpensesAmt |
| CY Other Expenses | $7,494,214 | CYOtherExpensesAmt |
| PY Total Expenses | $47,750,066 | PYTotalExpensesAmt |
| CY Total Expenses | $50,198,229 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $7,694,378 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,921,835 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $107,054,326 | TotalAssetsBOYAmt |
| Total Assets EOY | $134,229,935 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $27,636,499 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $46,715,342 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $79,417,827 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $87,514,593 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | See Schedule O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $42,097,587 | ExpenseAmt |
| Grant | $10,405,523 | GrantAmt |
| Revenue | $45,633,455 | RevenueAmt |
| Desc | See Schedule O for Instructional and Educational ProgramsThrough our administration, faculty, and student support staff, we accomplish the goals as stated in the School's Mission Statement. This includes: salary and benefits for faculty and direct costs associated with educational programs. Scholarships and Other Assistance:For fiscal year 2017 we budgeted approximately $6 million for scholarships. 248 students out of an enrollment of 1,086 (23%) received scholarship aid allowing the school to meet its objective of maintaining a diverse student population. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,703,239 | ExpenseAmt |
| Grant | $204,310 | GrantAmt |
| Revenue | $1,752,783 | RevenueAmt |
| Desc | See schedule O for Co-curricular activitiesCo-curricular activities, such as trips, Model Congress, magazines, student publications, and student-generated endeavors ranging from the artistic and scientific to recreational arts, make a substantial contribution to the culture of the school and its success in achieving its stated mission. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $43,800,826 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 141 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 541 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINDY SCHEFEN DIRECTOR OF FINANCECFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7185221660 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 129 PIERREPONT STREET | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11201 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| Jonathan Weld | |||||||
| President | 7.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Eliot Nolen | |||||||
| Vice President | 7.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Marc Mayer | |||||||
| Treasurer | 7.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Dan Bergner | |||||||
| Secretary | 7.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Marjorie Coleman | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Carmine Capossela | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Stephen Cassell | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Anthony Charuvastra | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Peter Davidson | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Kira Von Eichel | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Alex Goor | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Patti Greaney-Giraldi | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Michael Haddad | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Carolyn Katz | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Michael Pollack | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Daniel Stone | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Cliff Thomas | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Laura Walker | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Mary P Watson | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Jide Zeitlin | |||||||
| Trustee | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Mindy Schefen | |||||||
| Director of Finance/CFO | 40.00 | Yes (X) | $239,028 | $0 | $16,780 | ||
| Vincent Tompkins | |||||||
| Head of School | 40.00 | Yes (X) | $544,193 | $0 | $190,948 | ||
| Jason Asbury | |||||||
| Associate Head of School | 40.00 | $205,735 | $0 | $29,972 | Yes (X) | ||
| Alex Darrow | |||||||
| Head of High School | 40.00 | $139,152 | $0 | $89,384 | Yes (X) | ||
| Gabrielle Howard | |||||||
| Head of Lower School | 40.00 | $162,522 | $0 | $27,795 | Yes (X) | ||
| Jessica Gorman | |||||||
| Director of Development | 40.00 | $142,281 | $0 | $17,405 | Yes (X) | ||
| Melissa Kantor | |||||||
| Dean of Faculty | 40.00 | $151,883 | $0 | $165,963 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,584,794 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $538,247 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 40 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| shawmut woodworking & supplies inc | |||||
| 3 east 54th street | new york | NY | 10022 | construction | $7,506,162 |
| yorke construction corporation | |||||
| 140 west 31sy street 4th floor | new york | NY | 10001 | construction | $6,182,282 |
| marvel architects | |||||
| 145 hudson street | new york | NY | 10013 | architect | $1,415,795 |
| jc Food Consultants | |||||
| 636 Kenwood Road | ridgewood | NJ | 07450 | food | $654,947 |
| HUDSON MERIDIAN CONSTRUCTION GROUP | |||||
| 40 RECTOR STREET 18TH FLOOR | new york | NY | 10006 | construction | $623,826 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 14 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $246,230 | FundraisingAmt |
| All Other Contributions | $3,808,457 | AllOtherContributionsAmt |
| Noncash Contributions | $362,456 | NoncashContributionsAmt |
| Total Contributions | $4,054,687 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION INCOME | 611600 | $44,227,085 | $44,227,085 |
| mandated service income | 611600 | $1,391,107 | $1,391,107 |
| auxillary programs | 611600 | $741,353 | $741,353 |
| edu. school trips program | 611600 | $437,597 | $437,597 |
| summer school | 611600 | $345,595 | $345,595 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $243,501 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $243,501 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $47,386,238 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $541,315 | TotalRevenueColumnAmt |
| Exclusion | $541,315 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $29,449,216 | SecuritiesAmt |
| Other | $5,888,700 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $29,255,633 | SecuritiesAmt |
| Other | $11,801 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $193,583 | SecuritiesAmt |
| Other | $5,876,899 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,070,482 | TotalRevenueColumnAmt |
| Exclusion | $6,070,482 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $41,100 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $246,230 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $60,133 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$19,033 | TotalRevenueColumnAmt |
| Exclusion | -$19,033 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| insurance dividends | 900099 | $38,159 | $38,159 |
| rebates | 900099 | $26,204 | $26,204 |
| miscellaneous | 900099 | $11,172 | $11,172 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,840 | TotalRevenueColumnAmt |
| Exclusion | $10,840 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $86,375 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $58,120,064 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $47,386,238 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,679,139 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,000 | TotalAmt |
| Program Services | $8,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,601,833 | TotalAmt |
| Program Services | $10,601,833 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,053,016 | TotalAmt |
| Program Services | $242,008 | ProgramServicesAmt |
| Management And General | $730,338 | ManagementAndGeneralAmt |
| Fundraising | $80,670 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $121,425 | TotalAmt |
| Program Services | $121,425 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,621,964 | TotalAmt |
| Program Services | $21,414,450 | ProgramServicesAmt |
| Management And General | $2,742,887 | ManagementAndGeneralAmt |
| Fundraising | $464,627 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $999,834 | TotalAmt |
| Program Services | $873,257 | ProgramServicesAmt |
| Management And General | $107,710 | ManagementAndGeneralAmt |
| Fundraising | $18,867 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,230,069 | TotalAmt |
| Program Services | $2,750,469 | ProgramServicesAmt |
| Management And General | $427,711 | ManagementAndGeneralAmt |
| Fundraising | $51,889 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,067,874 | TotalAmt |
| Program Services | $1,756,182 | ProgramServicesAmt |
| Management And General | $269,303 | ManagementAndGeneralAmt |
| Fundraising | $42,389 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,494 | TotalAmt |
| Program Services | $49,380 | ProgramServicesAmt |
| Management And General | $8,329 | ManagementAndGeneralAmt |
| Fundraising | $1,785 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $181,838 | TotalAmt |
| Management And General | $181,838 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,500 | TotalAmt |
| Management And General | $49,500 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $599,497 | TotalAmt |
| Program Services | $286,699 | ProgramServicesAmt |
| Management And General | $308,422 | ManagementAndGeneralAmt |
| Fundraising | $4,376 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,473 | TotalAmt |
| Program Services | $18,934 | ProgramServicesAmt |
| Management And General | $41,539 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $620,715 | TotalAmt |
| Program Services | $384,075 | ProgramServicesAmt |
| Management And General | $174,614 | ManagementAndGeneralAmt |
| Fundraising | $62,026 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $297,934 | TotalAmt |
| Program Services | $146,931 | ProgramServicesAmt |
| Management And General | $136,310 | ManagementAndGeneralAmt |
| Fundraising | $14,693 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,144,962 | TotalAmt |
| Program Services | $1,078,378 | ProgramServicesAmt |
| Management And General | $55,487 | ManagementAndGeneralAmt |
| Fundraising | $11,097 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $514,637 | TotalAmt |
| Program Services | $511,787 | ProgramServicesAmt |
| Management And General | $2,113 | ManagementAndGeneralAmt |
| Fundraising | $737 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,061 | TotalAmt |
| Management And General | $4,061 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,972,763 | TotalAmt |
| Program Services | $1,795,214 | ProgramServicesAmt |
| Management And General | $157,821 | ManagementAndGeneralAmt |
| Fundraising | $19,728 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $340,029 | TotalAmt |
| Program Services | $282,224 | ProgramServicesAmt |
| Management And General | $47,604 | ManagementAndGeneralAmt |
| Fundraising | $10,201 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| food | $471,038 | $431,331 | $39,707 | |
| STUDENT ACT & AUX SVCS | $430,327 | $359,038 | $10,731 | $60,558 |
| INSTRUCTIONAL COSTS | $426,619 | $426,619 | ||
| repairs and maintenance | $315,327 | $262,592 | $43,332 | $9,403 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,000 | TotalAmt |
| Management And General | $5,000 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,198,229 | TotalAmt |
| Program Services | $43,800,826 | ProgramServicesAmt |
| Management And General | $5,544,357 | ManagementAndGeneralAmt |
| Fundraising | $853,046 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,627,534 | BOYAmt |
| EOY | $19,393,990 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,571,892 | BOYAmt |
| EOY | $16,951,072 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,496,723 | BOYAmt |
| EOY | $11,058,281 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $303,296 | BOYAmt |
| EOY | $383,514 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $647,407 | BOYAmt |
| EOY | $922,157 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $83,418,120 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $24,291,996 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,734,688 | BOYAmt |
| EOY | $59,126,124 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,572,412 | BOYAmt |
| EOY | $26,366,739 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,374 | BOYAmt |
| EOY | $28,058 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,054,326 | BOYAmt |
| EOY | $134,229,935 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,426,439 | BOYAmt |
| EOY | $7,862,583 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,800,905 | BOYAmt |
| EOY | $17,898,530 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,409,155 | BOYAmt |
| EOY | $20,954,229 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,636,499 | BOYAmt |
| EOY | $46,715,342 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,409,226 | BOYAmt |
| EOY | $54,539,198 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,079,608 | BOYAmt |
| EOY | $24,435,818 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,928,993 | BOYAmt |
| EOY | $8,539,577 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,417,827 | BOYAmt |
| EOY | $87,514,593 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,054,326 | BOYAmt |
| EOY | $134,229,935 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $7,921,835 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,207,014 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,032,083 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,815,180 | BeginningYearBalanceAmt |
| Contributions | $410,584 | ContributionsAmt |
| Investment Earnings Or Losses | $1,831,098 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $688,402 | OtherExpendituresAmt |
| End Year Balance | $18,368,460 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,929,485 | BeginningYearBalanceAmt |
| Contributions | $353,314 | ContributionsAmt |
| Investment Earnings Or Losses | $445,489 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $304,358 | OtherExpendituresAmt |
| End Year Balance | $9,423,930 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,406,743 | BeginningYearBalanceAmt |
| Contributions | $951,824 | ContributionsAmt |
| Investment Earnings Or Losses | -$85,281 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $343,801 | OtherExpendituresAmt |
| End Year Balance | $8,929,485 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,024,454 | BeginningYearBalanceAmt |
| Contributions | $200,000 | ContributionsAmt |
| Investment Earnings Or Losses | $461,823 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $279,534 | OtherExpendituresAmt |
| End Year Balance | $8,406,743 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,848,332 | BeginningYearBalanceAmt |
| Contributions | $1,042,236 | ContributionsAmt |
| Investment Earnings Or Losses | $374,705 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $240,819 | OtherExpendituresAmt |
| End Year Balance | $8,024,454 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.07780 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.45400 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.46820 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,394,400 | OtherCostOrOtherBasisAmt |
| Book Value | $1,394,400 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $40,592,711 | OtherCostOrOtherBasisAmt |
| Depreciation | $21,638,184 | DepreciationAmt |
| Book Value | $18,954,527 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,134,373 | OtherCostOrOtherBasisAmt |
| Depreciation | $703,166 | DepreciationAmt |
| Book Value | $431,207 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,333,507 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,844,401 | DepreciationAmt |
| Book Value | $489,106 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $37,963,129 | OtherCostOrOtherBasisAmt |
| Depreciation | $106,245 | DepreciationAmt |
| Book Value | $37,856,884 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $59,126,124 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $47,981,051 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,207,014 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $112,930 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $1,319,944 | RevenueNotReportedAmt |
| Revenue Subtotal | $46,661,107 | RevenueSubtotalAmt |
| Other Revenues Not Included | $11,458,957 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $11,458,957 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $58,120,064 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $39,884,285 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $112,930 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $112,930 | ExpensesNotReportedAmt |
| Expenses Subtotal | $39,771,355 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $10,426,874 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $10,426,874 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $50,198,229 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: | The school classifies as permanently restricted net assets (a) the original value of all gifts donated to the permanent endowment, and (b) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. Objectives for donor restrictive endowments funds are generating income to support the schools activities and preservation of capital. Investment earnings are to be used for their temporarily restricted purposes. |
| 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 examination by the applicable taxing jurisdictions for tax years prior to July 31, 2014. |
| Part XI, Line 4b - Other Adjustments: | scholarships netted against revenue 10,388,176. LOSS ON DISPOSAL OF FIXED ASSETS 1,032,083. special event expense reclass to part ix 38,698. |
| Part XII, Line 4b - Other Adjustments: | scholarships netted against revenue 10,388,176. special event expense reclass to part ix 38,698. |
| Part V, Line 1a: | In Fiscal Year 2017 the significant increase from ending net assets from prior year reported in Part V, Column (b), Line 1g and beginning net assets from current year reported in Part V, Column (a), Line 1a, is due to the fact that the School classified an allocation of assets from were previously not identified as endowment assets. The School determined that these assets should be classified as endowment assets and therefore the increase in temporarily restricted endowment assets is reported. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule E, Part I, Line 3 | FormAndLineReferenceDesc |
| Explanation | The school's non-discriminatory policies are available on its website, included in the School's catalogue, curriculum book, applications materials, the faculty and staff handbook and advertised annually in the local press. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | RegionTxt |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $28,058 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $28,058 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $28,058 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE F, PART IV, LINE 1: | THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 926 BECAUSE IT DOES NOT MEET THE APPLICABLE FILING THRESHOLD REQUIREMENT. |
| SCHEDULE F, PART IV, LINE 3: | THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 BECAUSE IT DOES NOT MEET THE APPLICABLE THRESHOLD OWNERSHIP OR OTHER FILING REQUIREMENTS. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | spring benefit | Event1Nm |
| Gross Receipts Event1 | $287,330 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $246,230 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $41,100 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $5,000 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $14,225 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $40,908 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $287,330 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $246,230 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $41,100 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $5,000 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $14,225 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $40,908 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $60,133 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$19,033 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ACADEMY FOR TEACHERS INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 WEST 90TH STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10024 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 454681404 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $7,000 | CashGrantAmt |
| Purpose Of Grant | GENERAL PROGRAM SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Scholarships-Returning Students | 248 | $6,049,131 |
| tuition assistance | 123 | $4,284,594 |
| non-tuition Scholarships | 107 | $124,288 |
| trip scholarships | 38 | $82,265 |
| summer school scholarships | 32 | $61,555 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | Saint Ann's School awards grants to students in the form of scholarships. The scholarship is a reduction of the tuition charge for the academic year. Families applying for financial aid submit an application to the School Scholarship Service (SSS) of the National Association of Independent Schools. The SSS performs an analysis of income, assets, and liabilities in order to arrive at an estimated amount which they consider the family can afford for independent education. These data are sent to Saint Ann's and used by administrators in their decision making. The administration's overall decisions are reviewed by a Board committee to whom the Board has delegated authority to approve financial aid awards. Each year the school accepts several applicants from Prep for Prep, an organization that prepares and supports economically disadvantaged minority students seeking an independent school education. These students are granted substantial need-based financial aid, which reduces the family's contribution often to less than $2,500 annually. For fiscal year 2017 we budgeted approximately $6 million for scholarships and other assistance to students. 248 students out of an enrollment of 1,086 (23%) received scholarship aid, allowing the school to fulfill its objective of maintaining a diverse student population. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mindy Schefen | ||||||||||||||
| Director of Finance/CFO | $196,046 | $0 | $20,000 | $0 | $22,982 | $0 | $16,220 | $0 | $560 | $0 | $255,808 | $0 | $0 | $0 |
| Vincent Tompkins | ||||||||||||||
| Head of School | $464,921 | $0 | $0 | $0 | $79,272 | $0 | $15,332 | $0 | $175,616 | $0 | $735,141 | $0 | $0 | $0 |
| Jason Asbury | ||||||||||||||
| Associate Head of School | $150,862 | $0 | $20,000 | $0 | $34,873 | $0 | $14,854 | $0 | $15,118 | $0 | $235,707 | $0 | $0 | $0 |
| Alex Darrow | ||||||||||||||
| Head of High School | $138,999 | $0 | $0 | $0 | $153 | $0 | $9,465 | $0 | $79,919 | $0 | $228,536 | $0 | $0 | $0 |
| Gabrielle Howard | ||||||||||||||
| Head of Lower School | $157,902 | $0 | $0 | $0 | $4,620 | $0 | $10,855 | $0 | $16,940 | $0 | $190,317 | $0 | $0 | $0 |
| Jessica Gorman | ||||||||||||||
| Director of Development | $142,205 | $0 | $0 | $0 | $76 | $0 | $8,685 | $0 | $8,720 | $0 | $159,686 | $0 | $0 | $0 |
| Melissa Kantor | ||||||||||||||
| Dean of Faculty | $151,708 | $0 | $0 | $0 | $175 | $0 | $10,854 | $0 | $155,109 | $0 | $317,846 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | As a condition of his employment, in order to fulfill the contractual obligations of his employment, Vincent Tompkins is provided with housing by the organization. The value of the housing provided in calendar year 2016 was $121,800. In addition, Vincent Tompkins, Mindy Schefen, and Jason Asbury received a gross-up payment of $56,307, $18,943, and $16,750 respectively in their 2016 W-2s. |
| Part I, Line 7 | The following employees received non-fixed payments from the organization: Vincent Tompkins, Mindy Schefen, Jason Asbury, and Gabrielle Howard. The payments made to Vincent Tompkins and Gabrielle Howard were for taxable fringe benefits such as parking that was paid by the organization, and not included in the employee's contract nor determined by a fixed amount. The payments made to Mindy Schefen and Jason Asbury were discretionary bonuses based on their performance. |
| Schedule J, Part II, Column D: | Vincent Tompkins, Melissa Kantor and Alex Darrow received tuition remission from the organization for their children that attend Saint Ann's School, which is also being reported in Column D. In 2016, Vincent Tompkins received $24,537, Melissa Kantor received $125,465, and Alex Darrow received $50,967 in family tuition remission. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | build nyc resource corporation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 444040561 | BondIssuerEIN |
| Bond Issued | 2015-09-10 | BondIssuedDt |
| Issue Price | $30,000,000 | IssuePriceAmt |
| Purpose | Renovation of School Facilities | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $30,000,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $50,000 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $21,749,551 | CapitalExpendituresAmt |
| Unspent | $8,250,449 | UnspentAmt |
| Current Refunding | 0 | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | 0 | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part V, Written Procedures: | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL HAS ESTABLISHED WRITTEN PROCEDURES TO IDENTIFY AND RESOLVE NON-COMPLIANCE, ON A TIMELY BASIS, TO PRESERVE THE PREFERENTIAL STATUS OF ITS TAX EXEMPT BONDS. HOWEVER, THE WRITTEN PROCEDURES HAVE NOT BEEN ADOPTED BY THE BOARD DURING THE FISCAL YEAR JULY 31, 2017. THE PROCEDURES SHALL BE OFFICIALLY ADOPTED AND FOLLOWED DURING THE FISCAL YEAR JULY 31, 2018. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Drew McGhee | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Spouse of Peter Davidson, trustee | RelationshipDescriptionTxt |
| Transaction | $121,425 | TransactionAmt |
| Transaction | Compensation | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTEREST PERSONS: | FormAndLineReferenceDesc |
| Explanation | (A) NAME OF PERSON: DREW MCGHEE(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SPOUSE OF PETER DAVIDSON, TRUSTEE(D) DESCRIPTION OF TRANSACTION: DREW MCGHEE IS A TEACHER AT THE SCHOOL. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 22 | ContributionCnt |
| Noncash Contributions Rpt F990 | $362,456 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AVG. SELLING PRICE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Column (b): | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 1, PART I, LINE 1: | At Saint Ann's school we educate children in academic disciplines and the arts from Preschool through 12th grade. Through the efforts of more than two hundred and sixty faculty and staff, we engage curious, self-motivated students in an educational journey, instilling a love of learning that remains with them throughout their lives. |
| FORM 990, PAGE 2, PART III, LINE 1: | Saint Ann's school is an independent, non-sectarian day school offering instruction to over a thousand students in preschool through 12th grade. We believe education is a rich and subtle exploration and questioning of the world, not a means to an end. Since 1965 Saint Ann's School has brought together gifted children and passionate teachers in a fierce pursuit of knowledge, skill and artistry. We cultivate a joy for learning through a deep and rigorous curriculum, in which the arts are an essential presence. So that every child will flourish, we eschew grades and rankings in favor of ongoing dialogue and teacher reports. At Saint Ann's we offer our dreams to those who will share theirs with us. Saint Ann's education imparts the best of human traditions and discoveries while nurturing intellectual adventure. We seek to inculcate certain habits of mind that begin fundamentally with a love of learning for its own sake, and from that create a trajectory that equips each student with the capacity and confidence to make informed judgments about his or her course of study. The curriculum is, therefore, dynamic and flexible, even as it reflects our persistent ideals as a community of learners. Our students are given great freedom - certainly to achieve, also to trust themselves and to find deep satisfaction in learning for its own sake. In anecdotal reports, the classroom, at sports events, or on stage, we hold central the celebration of our students. Teachers at Saint Ann's are chosen for their strong intellectual and artistic interests and their commitment to the education of our children. Faculty are given the opportunity to communicate their enthusiasm, to use whatever they find practical in an effort to draw out the most authentic and exceptional work from their students. Our teachers' leadership in the classroom and out arises from their intellect, accomplishment, and profound sense of humanity. Our curriculum is a realm of possibilities where we meet our students. It is a substantive and dynamic means to engage every child. It is flexible and responsive, so that whenever feasible, our students undertake accelerated or specialized work in subject areas ranging from music to calculus to Chinese, based upon talents and interests rather than age or grade. We are a genuine community, operating seven days a week, constantly reinvented as our members move from role to role, sustained by a commitment to each other and to the ongoing symposium that is our school. The growth and success of Saint Ann's owe much to the faithfulness with which we adhere to our educational philosophy: that education is, in the last analysis, a celebration of life and that life is wondrous, ephemeral, and for those reasons, sacred. |
| Form 990, Part VI, Section B, line 11b | The Director of Finance/CFO as well as the Controller and other school administrators are responsible for the preparation and submission of the draft Form 990. This first draft is emailed to a team consisting of the Head of School, the auditors, the President of the Board, the Audit Committee and the Treasurer (the only participant who is not a member of the audit committee) for review and comment. The Director of Finance/CFO coordinates the flow of information between the school and its auditors. The auditors respond with an open items list for the school's administration to address. The school addresses the open items and the next draft is sent to the auditors, President of the Board, members of the Audit Committee and the Treasurer. Once all of the auditors' open items and any issues raised by school officials have been addressed, the draft is returned to the auditors for review by their exempt organization tax and advisory services group. This group in turn generates a list of open items that the school's administration responds to. Once this final draft is complete, the auditors present it to a meeting of the full Audit Committee. A redacted draft of the 990 is distributed to the Board of Trustees for review and discussion prior to filing. The Director of Finance/CFO or the Head of School receives authority from the Audit Committee acting on the authority assigned to them by the Board of Trustees to submit the Form 990. A full copy is made available to the Board upon completion of the return. |
| Form 990, Part VI, Section B, line 12c | The conflict of interest policy applies as follows: Any trustee, officer, member of the core administration, or member of a committee with powers delegated by the governing Board, who has a direct or indirect financial interest, as defined by the school's Conflict of Interest Policy, is an interested person. If a person is an interested person with respect to any affiliate of the organization, he or she is an interested person with respect to all affiliates. Duty to disclose: In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the trustees and members of committees with powers delegated by the governing Board, or to others considering the proposed transaction or arrangement. Determining whether a conflict of interest exists: After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing Board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining Board or committee members shall decide if a conflict of interest exists. Procedures for addressing the conflict of interest: The Chairperson of the governing Board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence the governing Board or committee shall determine whether the school can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under the circumstances not producing a conflict of interest, the governing Board or committee shall determine by a majority vote of the disinterested trustees whether the transaction or arrangement is in the school's best interest, for its own benefit and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. Annual statements Each trustee, officer and member of a committee with powers delegated by the governing Board, as well as member of administration (as applicable) shall annually sign a statement that affirms such person: - has received a copy of the conflict-of-interest policy; - has read and understands the policy - has agreed to comply with the policy, and - understands the school is charitable and, in order to maintain its federal tax exemption, it must engage primarily in activities that accomplish one or more of its tax-exempt purposes. Periodic reviews To ensure the school operates in a manner consistent with charitable purpose and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. Such periodic reviews shall, at a minimum, include the following subjects: - Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining; and - whether partnerships, joint ventures, and arrangements with management organizations conform to the school's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes, and do not result in inurnment, impermissible private benefit, or in an excess-benefit transaction. Trustees' annual disclosure forms are reviewed by the Chair of the Audit Committee to determine if a conflict exists and if so, how it is to be managed. Trustees are required to recuse themselves from any decision as to which they have a conflict. |
| Form 990, Part VI, Section B, line 15 | The Head of School's compensation is decided according to terms specified in his contract. The full Board (independent directors) using its independent research approves the compensation of the Head of School. The Head of School sets all other compensation, including salaries of every employee, subject to the review and approval of the finance committee and the President of the Board when the annual budget is fixed. The Head of School, the President of the Board, Treasurer and senior administrators receive NYSAIS and Guild of Independent Schools survey data regarding salaries. The Head of School uses these data when setting salary levels. The compensation process occurs annually. The compensation review process was last undertaken in May 2016. |
| Form 990, Part VI, Section C, line 19 | The school makes its governing documents, conflict of interest policy, and financial statements available upon request or for inspection at the school's Finance Office. The School's Whistleblower Policy is published in the faculty handbook annually. It also makes its Form 990 available for public inspection as required under section 6104 of the Internal Revenue Code. The Form 990 is also available on guidestar.org and similar websites. |
| Form 990, Part XI, line 9: | LOSS ON DISPOSAL OF FIXED ASSETS -1,032,083. |
| Form 990, Part XII, Line 2c: | The President and Treasurer of the Board of Directors as well as the audit committee, Director of Finance/CFO, and the Controller of Saint Ann's school assume responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. The process has not changed significantly from the prior year. |
Comments