2018-05-14T11:00:15-05:00 2017-08-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2016-09-01 131393610 THE TOWN SCHOOL INC TOWN 2122884383 540 EAST 76TH STREET NEW YORK NY 10021 FREDA GIMPEL CFO 2122884383 2018-05-14 1 ROBERT LYONS CPA P00227472 2125038800 2016 2022-09-23 18:48:47Z FREDA GIMPEL 540 EAST 76TH STREET NEW YORK NY 10021 65881241 0 X WWW.THETOWNSCHOOL.ORG X 1913 NY THE TOWN SCHOOL IS COMMITTED TO ELEMENTARY COEDUCATION, SERVING STUDENTS IN NURSERY THROUGH EIGHTH GRADE. AS WE EMBRACE HIGH ACADEMIC AND ETHICAL STANDARDS FOR EACH STUDENT, WE ARE GUIDED BY OUR SCHOOL MOTTO, "LET THERE BE JOY IN LEARNING." TOWN'S PROGRAM BALANCES THE TRADITIONAL AND THE INNOVATIVE, EMPHASIZING EXCELLENCE IN ACADEMICS AND A THOROUGH EXPOSURE TO THE ARTS AND PHYSICAL EDUCATION. WE TEACH CHILDREN TO THINK CREATIVELY, READ CRITICALLY AND REASON LOGICALLY, STRESSING THE VALUE OF BOTH INDIVIDUAL LEARNING AND COLLABORATION. WE ARE COMMITTED TO DIVERSITY, TEACHING STUDENTS TO BE INCLUSIVE AND TO RESPECT THEMSELVES AND OTHERS. STUDENTS LEAVE TOWN AS WELL-ROUNDED, ARTICULATE, RESILIENT AND MORALLY RESPONSIBLE INDIVIDUALS. THEY ARE PREPARED TO MEET THE CHALLENGES OF A DEMANDING SECONDARY EDUCATION AND CONTINUE ON THE PATH OF LIFELONG LEARNING. 23 20 167 60 0 0 1668317 1643786 17607198 18194337 767948 728765 0 0 20043463 20566888 1983750 2316000 0 0 13365476 13748483 0 0 872766 4378519 4295404 19727745 20359887 315718 207001 60123469 58940927 15374836 10921156 44748633 48019771 X THE TOWN SCHOOL IS COMMITTED TO ELEMENTARY COEDUCATION, SERVING STUDENTS IN NURSERY THROUGH EIGHTH GRADE. AS WE EMBRACE HIGH ACADEMIC AND ETHICAL STANDARDS FOR EACH STUDENT, WE ARE GUIDED BY OUR SCHOOL MOTTO, LET THERE BE JOY IN LEARNING. TOWN'S PROGRAM BALANCES THE TRADITIONAL AND THE INNOVATIVE, EMPHASIZING EXCELLENCE IN ACADEMICS AND A THOROUGH EXPOSURE TO THE ARTS AND PHYSICAL EDUCATION. WE TEACH CHILDREN TO THINK CREATIVELY, READ CRITICALLY AND REASON LOGICALLY, STRESSING THE VALUE OF BOTH INDIVIDUAL LEARNING AND COLLABORATION. WE ARE COMMITTED TO DIVERSITY, TEACHING STUDENTS TO BE INCLUSIVE AND TO RESPECT THEMSELVES AND OTHERS. STUDENTS LEAVE TOWN AS WELL-ROUNDED, ARTICULATE, RESILIENT AND MORALLY RESPONSIBLE INDIVIDUALS. THEY ARE PREPARED TO MEET THE CHALLENGES OF A DEMANDING SECONDARY EDUCATION AND CONTINUE ON THE PATH OF LIFELONG LEARNING. 0 0 16947420 2316000 18194337 THE TOWN SCHOOL'S PROGRAM BALANCES THE TRADITIONAL AND THE INNOVATIVE, EMPHASIZING EXCELLENCE IN ACADEMICS AND A THOROUGH EXPOSURE TO THE ARTS AND PHYSICAL EDUCATION. TOWN IS COMMITTED TO DIVERSITY, TEACHING STUDENTS TO BE INCLUSIVE AND TO RESPECT THEMSELVES AND OTHERS. EMBRACING THE IDEA THAT CHILDREN LEARN DIFFERENTLY THAN HIGH SCHOOL STUDENTS OR ADULTS, THE TOWN SCHOOL IS COMMITTED TO THEIR NURSERY THROUGH EIGHTH GRADE (N-8) STRUCTURE. TOWN'S CURRICULA AND TEACHING METHODS ARE DIFFERENT FROM THOSE OF OTHER PROGRAMS, BALANCING THE RIGHT COMBINATION OF ACADEMIC CHALLENGE AND NURTURING SUPPORT AT EACH GRADE LEVEL. THE EMPHASIS IS ON DISCOVERY, EXPLORATION, AND SOCIAL GROWTH INHERENT IN CHILDREN, ENABLED BY A CLASSROOM SETUP AND TEACHING STYLE THAT EMPOWERS STUDENTS TO SPEAK UP AND PARTICIPATE. THE TEACHERS, WHO SERVE AS MENTORS AND FACILITATORS RATHER THAN LECTURERS, APPRECIATE THE UNIQUENESS OF CHILDHOOD AND FOSTER THE INDIVIDUALITY OF EVERY STUDENT. STUDENTS GRADUATE FROM TOWN AS WELL-ROUNDED, ARTICULATE, RESILIENT, AND MORALLY RESPONSIBLE INDIVIDUALS. THEY ARE PREPARED TO MEET THE CHALLENGES OF A DEMANDING SECONDARY EDUCATION AND CONTINUE ON THE PATH OF LIFELONG LEARNING. THE TOWN SCHOOL FACULTY TO STUDENT RATIO IS ONE TO SIX, INCLUDING MATH AND READING SPECIALISTS, GUIDANCE COUNSELORS, AND A DIRECTOR OF DIVERSITY. THE RIVERFRONT BUILDING PROVIDES THE IDEAL ENVIRONMENT FOR WELCOMING AND ENRICHING CHILDREN'S NATURAL CURIOSITY. FACILITIES INCLUDE THREE CONNECTED BUILDINGS HOUSING A STATE-OF-THE-ART LIBRARY/TECHNOLOGY CENTER IN THE HEART OF THE SCHOOL, RECENTLY RENOVATED STATE-OF-THE-ART SCIENCE LABS, ROOMY LIGHT-FILLED CLASSROOMS, MANY OF WHICH HAVE RIVER VIEWS, FULLY EQUIPPED ART CLASSROOMS, A LARGE GYM, TWO LARGE PLAY TERRACES, AND A LARGE AUDITORIUM. THE TOWN SCHOOL RECOGNIZES THE IMPORTANCE OF THE RELATIONSHIP BETWEEN PARENTS AND THEIR CHILD'S SCHOOL. TOWN OFFERS A PARENT EDUCATON PROGRAM TO INTRODUCE THE TOWN CURRICULUM AND THE DEVELOPMENTAL NEEDS OF CHILDREN AT EACH GRADE LEVEL. IN ADDITION, THE TOWN SCHOOL OPERATES SUMMER SCHOOL, AFTER SCHOOL PROGRAMS (INCLUDING CLUBHOUSE, POSTSCRIPT, AND INDIVIDUAL INSTRUMENTAL LESSONS), AND DAY CARE PROGRAMS THAT ENHANCE THE REGULAR SCHOOL CURRICULUM PROVIDED TO THE STUDENTS. THE TOWN SCHOOL IS ACCREDITED BY THE NEW YORK STATE ASSOCIATION OF INDEPENDENT SCHOOLS. 16947420 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 71 0 167 1 0 0 0 0 0 1 1 0 0 0 0 X 23 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X FREDA GIMPEL 2122884383 540 EAST 76TH STREET NEW YORK NY 10021 MARC STERN CHAIR 5.00 X X 0 0 0 VALERIE RUSSO VICE CHAIR 1.00 X X 0 0 0 NITIN KHAKEE SECRETARY 1.00 X X 0 0 0 JENNIFER SAUL RICH TREASURER 1.00 X X 0 0 0 JONATHAN BILZIN TRUSTEE 1.00 X 0 0 0 JIEUN CHOE TRUSTEE 1.00 X 0 0 0 FRANK CHEN TRUSTEE 1.00 X 0 0 0 PETER EVANS TRUSTEE 1.00 X 0 0 0 MARNI GUTKIN TRUSTEE 1.00 X 0 0 0 ANDREW HOFER TRUSTEE 1.00 X 0 0 0 HEATHER GREER TRUSTEE 1.00 X 0 0 0 JAVAID KHAN TRUSTEE 1.00 X 0 0 0 KARYN KORNFELD TRUSTEE 1.00 X 0 0 0 PHINEAS LAMBERT TRUSTEE 1.00 X 0 0 0 DANA LADDEN TRUSTEE 1.00 X 0 0 0 SALLY KLINGENSTEIN MARTELL TRUSTEE 1.00 X 0 0 0 LISA MORSE TRUSTEE 1.00 X 0 0 0 JACQUELINE Y PELZER TRUSTEE 1.00 X 0 0 0 JEFFREY STAFFORD TRUSTEE 1.00 X 0 0 0 LIZZIE TISCH TRUSTEE 1.00 X 0 0 0 JOHNNY COOK FACULTY TRUSTEE 40.00 X 113528 0 24084 JANIE VANCE FACULTY TRUSTEE 40.00 X 104509 0 30868 ANTHONY G FEATHERSTON IV HEAD OF SCHOOL 40.00 X X 369264 0 211405 FREDA GIMPEL CFO 40.00 X 251380 0 40830 MELISSA BAUMAN DIRECTOR OF DEVELOPMENT 40.00 X 195294 0 33760 ODETTE MUSKIN HEAD OF NURSERY/KINDERGART 40.00 X 167975 0 31032 WILLIAM MCCARTNEY TEACHER/DEAN 40.00 X 143031 0 42235 TAMARA SCHURDAK HEAD OF UPPER SCHOOL 40.00 X 169755 0 23596 KENNETH HIGGINS DEAN & MUSIC TEACHER 40.00 X 151107 0 35079 DAVID WOOD HEAD OF LOWER SCHOOL 40.00 X 159565 0 28657 1825408 0 501546 10 0 1 0 CATER TO YOU 665 BROADWAY SUITE 503 NEW YORK NY 10012 FOOD SERVICE 337153 ARCHSTONE BUILDERS LLC 242 WEST 30TH STREET NEW YORK NY 10010 CONSTRUCTION CONTRACTOR 114264 2 206612 163421 1273753 66139 1643786 TUITION 611710 17642154 17642154 SUMMER SCHOOL PRGM 611710 365500 365500 AFTER SCHOOL PRGM 611710 105939 105939 DAYCARE PRGM 611710 55539 55539 APPLICATION FEES 611710 25205 25205 18194337 553622 553622 45405092 45229949 175143 175143 175143 84404 206612 84404 0 20566888 18194337 0 728765 2316000 2316000 1266360 531689 412032 322639 9466834 8310677 995816 160341 684851 628754 36743 19354 1579718 1383731 122125 73862 750720 644266 64955 41499 12604 12604 294592 238342 56250 366800 33935 248061 84804 216971 173567 43404 654947 523958 98242 32747 141052 112841 21158 7053 EDUCATIONAL MATERIALS 754783 754783 TECHNOLOGY 414024 331219 62104 20701 AUXILIARY PROGRAM 350495 350495 FOOD SERVICE 312935 312935 776201 538570 184115 53516 20359887 16947420 2539701 872766 5717136 5517538 61600 27000 4887097 0 229557 332228 17284914 6937428 10370444 10347486 30126189 28167875 8731446 14548800 60123469 58940927 431652 489545 14943184 10431611 15374836 10921156 X 41778798 45139939 684631 594628 2285204 2285204 44748633 48019771 60123469 58940927 207001 3064137 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38283364 3792902 1510000 40566266 38265263 1403916 1385815 38283364 41587488 -1882763 1439462 38265263 36518367 1057467 5204412 1192758 41587488 34851234 216885 2946650 1496402 36518367 0.94260 0.05630 0.00110 0 0 210000 210000 14945110 5494505 9450605 811381 739340 72041 1318423 703583 614840 10347486 OTHER INVESTMENTS 14548800 F 14548800 X 21315025 3064137 3064137 18250888 2316000 2316000 20566888 18043887 0 18043887 2316000 2316000 20359887 PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR FACULTY PROFESSIONAL DEVELOPMENT AND STUDENT FINANCIAL AID. PART X, LINE 2: THE SCHOOL BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 2017, 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 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,316,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,316,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS NON-DISCRIMINATION POLICY IN VARIOUS SCHOOL PUBLICATIONS. SCHEDULE E, PART I, LINE 6 TOWN SCHOOL RECEIVES FINANCIAL ASSISTANCE FROM NEW YORK STATE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 13306891 0 0 0 0 0 0 13306891 0 13306891 1 0 1 0 0 0 PARENT ASSOCIATION AUCTION 291016 206612 84404 84404 291016 206612 84404 84404 84404 0 1 FINANCIAL AID 77 2316000 FMV INTERNALLY DIRECTED SCHOLARSHIPS PART I, LINE 2: ALL GRANTEES ARE STUDENTS WHO ATTEND THE SCHOOL, AND THEIR AWARDS DEFRAY THEIR DIRECT EDUCATIONAL EXPENSES. AS SUCH, THE PROGRESS OF THE GRANTEES IS MONITORED BY TEACHERS AND ADMINISTRATORS ON A DAILY BASIS. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 ANTHONY G FEATHERSTON IV HEAD OF SCHOOL 369264 0 0 0 0 0 14840 0 196565 0 580669 0 0 0 FREDA GIMPEL CFO 251380 0 0 0 0 0 25460 0 15370 0 292210 0 0 0 MELISSA BAUMAN DIRECTOR OF DEVELOPMENT 195294 0 0 0 0 0 19579 0 14181 0 229054 0 0 0 ODETTE MUSKIN HEAD OF NURSERY/KINDERGART 167975 0 0 0 0 0 17017 0 14015 0 199007 0 0 0 WILLIAM MCCARTNEY TEACHER/DEAN 143031 0 0 0 0 0 15928 0 26307 0 185266 0 0 0 TAMARA SCHURDAK HEAD OF UPPER SCHOOL 169755 0 0 0 0 0 9576 0 14020 0 193351 0 0 0 KENNETH HIGGINS DEAN & MUSIC TEACHER 151107 0 0 0 0 0 15812 0 19267 0 186186 0 0 0 DAVID WOOD HEAD OF LOWER SCHOOL 159565 0 0 0 0 0 9280 0 19377 0 188222 0 0 0 PART I, LINE 1A PURSUANT TO AN AGREEMENT WITH THE HEAD OF SCHOOL AS A CONDITION OF HIS EMPLOYMENT UNDER CODE SECTION 119 OF THE INTERNAL REVENUE CODE OF 1986, HE IS REQUIRED TO RESIDE IN THE VICINITY OF THE SCHOOL. AS SUCH, HIS HOUSING HAS BEEN INCLUDED IN THE NONTAXABLE BENEFITS. THE FACILITIES SERVE AS AN EXTENSION OF THE SCHOOL'S MEETING AREA. X 7 66139 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE, THEN PROVIDED TO THE BOARD OF DIRECTORS FOR COMMENT AND REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS NOTIFY THE CHAIR IMMEDIATELY UPON NONCOMPLIANCE OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL USES ITS COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY, AND APPROVAL BY THE BOARD THROUGH ITS COMPENSATION COMMITTEE TO DETERMINE THE COMPENSATION OF THE CEO. THE CEO THEN DETERMINES THE COMPENSATION FOR ALL OTHERS UTILIZING INDUSTRY AND PEER GROUP COMPARATIVE DATA. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII LINE 2C PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.