2018-05-14T14:56:12-05:00 2017-06-30 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2016-07-01 210688891 CHAPIN SCHOOL CHAP 6099242449 4101 PRINCETON PIKE PRINCETON NJ 08540 Barbara Pasteris Head of School 6099242449 2018-05-14 1 Bridget Hartnett P01429163 9739949494 2018-04-09 2016 2022-09-23 18:48:47Z BARBARA PASTERIS 4101 PRINCETON PIKE PRINCETON NJ 08540 9958808 0 X www.chapinschool.org X 1951 NJ Chapin shares a commitment to each child's academic, emotional, ethical, creative, physical, and social development. In small classes that promote active learning, dedicated faculty create environments where critical thinking, effective communication, creativity and curiosity flourish. Encountering challenges that lead to success, students develop a positive sense of self. A strong commitment to Chapin's five virtues (respect, responsibility, honesty, kindness, and perseverance) foster an environment for character development that complements our rigorous academic programs. 21 21 114 110 0 0 664417 753241 8760209 8550100 242098 212557 30622 9165 9697346 9525063 2593700 2266210 0 0 5385864 5534467 0 0 168018 2933974 2628753 10913538 10429430 -1216192 -904367 24707856 24692811 10700909 11318115 14006947 13374696 X Chapin is dedicated to the belief that lifelong habits of the mind and heart are formed in the elementary and middle school years. Chapin provides a richly textured education that inspires academic achievement and builds strength of character. Within a diverse, caring and supportive community, we prepare our students to meet the future with skill, confidence, determination and generosity of spirit. 0 0 7956170 2266210 8550100 First, we believe that school is a place to learn about being a good student. We have high academic expectations and students rise to the challenge in an atmosphere of warmth and caring. Chapin's comfortable, safe environment encourages students to ask questions, take risks, and to make the mistakes necessary for learning to take place. Our academic program is demanding, and it works. We have a proven track record of success in secondary school placement. 7956170 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 14 0 1 114 1 0 1 EI 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X The Organization 6099242449 4101 PRINCETON PIKE PRINCETON NJ 08540 JAMIE GRISWOLD Charter Trustee 2.00 X 0 0 0 CHRISTIANA FOGLIO President 4.00 X X 0 0 0 ANJNA KUMAR truSTEE 2.00 X 0 0 0 JEFFREY RUSSO TREASURER 4.00 X X 0 0 0 CATHY BATTERMAN TRUSTEE 2.00 X 0 0 0 BENJAMIN BICKFORD TRUSTEE 2.00 X 0 0 0 DINA BREWER charter Trustee 2.00 X 0 0 0 KATE BRICKER Secretary 4.00 X X 0 0 0 ANDERS EVJU TRUSTEE 2.00 X 0 0 0 JOANNA GORDON MARTIN Vice President 4.00 X X 0 0 0 KRISTIN MCLAUGHLIN TRUSTEE 2.00 X 0 0 0 GEORGE MCCLELLAN TRUSTEE 2.00 X 0 0 0 AMY PRICE TRUSTEE 2.00 X 0 0 0 PHIROZE RAO TRUSTEE 2.00 X 0 0 0 DRSUKHI HOTHI-SANGHA TRUSTEE 2.00 X 0 0 0 Lisa Winick Advisory Trustee 2.00 X 0 0 0 PATRIZIA THOMAS TRUSTEE 2.00 X 0 0 0 MARYANNE QUINN TRUSTEE 2.00 X 0 0 0 SEAN WOODROFFE charter Trustee 2.00 X 0 0 0 JAMES WALTERS TRUSTEE 2.00 X 0 0 0 PETER TSAHALIS TRUSTEE 2.00 X 0 0 0 PAMELA FIANDER HOS (Through 5/22/17) 50.00 X 298213 0 14691 BARBARA PASTERIS Asst HOS (Through 5/22/17) HOS (Effective 5/23/17 50.00 X 142337 0 23272 MARK LEDERER DIRECTOR OF TECHNOLOGY 45.00 X 110227 0 16360 SHANA LINDSEY HEAD OF LOWER SCHOOL 45.00 X 103764 0 13365 GILBERTO OLVERA HEAD OF UPPER SCHOOL 45.00 X 103560 0 5628 758101 0 73316 5 0 1 0 0 101331 651910 219800 753241 TUITION 611110 8110001 8110001 Lunch Program 611110 157728 157728 After School Program 611110 95548 95548 Parent Association 611110 39782 39782 Clubs 611110 16117 16117 130924 130924 8550100 56406 56406 28800 4113 24687 24687 24687 548264 392113 156151 156151 156151 21997 101331 37519 -15522 -15522 9525063 8550100 0 221722 2266210 2266210 318784 31878 255027 31879 4193865 3054123 1098966 40776 194481 155220 38089 1172 527870 456721 68123 3026 299467 228687 67241 3539 3631 3631 38600 38600 35969 35969 7216 7216 121395 115325 6070 8403 8253 150 49051 49051 181211 144968 27182 9061 18239 16424 1815 249298 249298 972491 777992 145874 48625 137392 137392 Auxillary 269194 269194 Repairs & Maintenance 182002 182002 Other Expenses 179523 69594 86059 23870 Supplies 98540 98540 76598 76598 10429430 7956170 2305242 168018 600006 1239883 72675 79712 730422 303218 16143 46611 14128 14128 136313 115626 28110545 8949308 19956088 19161237 3182081 3670502 0 61894 24707856 24692811 705534 934761 1017765 1977662 8977610 8405692 10700909 11318115 X 10429342 9867210 318533 228244 3259072 3279242 14006947 13374696 24707856 24692811 -904367 272116 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3677764 409084 367749 997627 3456970 5236898 1106 -81610 1478630 3677764 5341094 159387 126624 341309 48898 5236898 5738518 945960 571573 1886419 28538 5341094 5402289 577345 505699 717452 29363 5738518 0.03860 0.94860 0.01280 0 0 1980125 1980125 22255686 5971290 16284396 781118 551912 229206 2997974 2338909 659065 95642 87197 8445 19161237 X 7604694 272116 32093 41632 345841 7258853 2266210 2266210 9525063 8236945 32093 41632 73725 8163220 2266210 2266210 10429430 Part V, Line 4: The intended use of the Organization's endowment funds is to further the mission and programs of the Organization in accordance with donor restrictions. Part X, Line 2: The School follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the School's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken, or expected to be taken, in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The School's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense. No interest and penalties were recorded during 2017 and 2016. At June 30, 2017 and 2016, there are no significant income tax uncertainties. Part XI, Line 2d - Other Adjustments: Special Event Expenses 37,519. Building Use Expenses 4,113. Part XI, Line 4b - Other Adjustments: Scholarships 2,266,210. Part XII, Line 2d - Other Adjustments: Special Event Expenses 37,519. Building Use Expenses 4,113. Part XII, Line 4b - Other Adjustments: Scholarships 2,266,210. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 YES, OUTSIDE ORGANIZATIONS THAT WORK FOR ALL OF THE SCHOOLS FOR BROADCASTING, THE NJAIS AND THE ADVIS. Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Investments 456613 0 0 0 0 0 0 456613 0 456613 0 0 0 1 0 0 GALA 108320 86733 21587 1438 1949 13000 900 17581 RUNATHON 15008 14598 410 1917 449 285 123328 101331 21997 1438 3866 13000 449 900 17866 37519 -15522 1 FINANCIAL AID TO STUDENTS 106 2266210 FMV FINANCIAL AID TO STUDENTS Part I, Line 2: GRANTS ARE REDUCTIONS OF TUITION OWED TO THE SCHOOL BY STUDENTS. NO FUNDS ARE RELEASED. NEED BASED SCHOLARSHIPS ARE CREDITED TO INDIVIDUAL STUDENT ACCOUNTS,REDUCING THE AMOUNT DUE. RECIPIENTS ARE REQUIRED TO FILE A FINANCIAL STATEMENT WITH AN INDEPENDENT AGENCY WHO EVALUATES THE STATEMENT AND MAKES A RECOMMENDATION TO THE SCHOOL OF THE AMOUNT OF SCHOLARSHIP THE APPLICANT SHOULD RECEIVE. THE SCHOOL CONSIDERS THE RECOMMENDATION TOGETHER WITH THE TOTAL FUNDS AVAILABLE FOR SCHOLARSHIPS AND MAKES AWARDS ACCORDINGLY BASED UPON THE NEED OF THE STUDENT AND THE AVAILABILITY OF FUNDS. X 1 1 X X 0 0 0 0 0 0 0 0 0 PAMELA FIANDER HOS (Through 5/22/17) 298213 0 0 0 0 0 6656 0 8035 0 312904 0 0 0 BARBARA PASTERIS Asst HOS (Through 5/22/17) HOS (Effe 142337 0 0 0 0 0 14937 0 8335 0 165609 0 0 0 Part I, Line 1a The previous Head of School resided in a home owned by the School located on the School's property in accordance with an employment contract through May of 2017. A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 2016-02-19 8200000 REFINANCE EXISTING LOAN FOR SCHOOL ADDITION 0 0 0 A 8200000 115520 8084750 2015 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 0 Various Trustees Board Member 72900 FINANCIAL AID/SCHOLARSHIP Provide Support to allow financially needy to attend the School. X 50 FMV X 4 183564 FMV X 1 24390 FMV X Supplies 2 10546 FMV X Small furniture and equipment 3 1250 FMV 0 1 0 Form 990, Part VI, Section A, line 6 MEMBERS OF THE SCHOOL, WHO ARE PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED AT THE SCHOOL, ARE INVITED TO ATTEND ANNUAL MEETINGS. Form 990, Part VI, Section B, line 11b THE BOARD OF TRUSTEES REVIEWS THE SCHOOL'S AUDITED FINANCIAL STATEMENTS AND FORM 990. THE REVIEW IS ASSIGNED BY THE BOARD OF TRUSTEES TO THE BOARD'S FINANCE COMMITTEE, WHICH APPROVES THE FINANCIAL STATEMENTS AND THE FORM 990 UPON SUCCESSFUL COMPLETION. THE FULL BOARD RECEIVES COPIES OF FORM 990 PRIOR TO FILING. Form 990, Part VI, Section B, line 12c ANNUALLY THE TRUSTEES REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY. Form 990, Part VI, Section B, line 15 ANNUALLY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES THE HEAD OF SCHOOL'S COMPENSATION, WHO ESTABLISHES AN ACCEPTABLE COMPENSATION RANGE FOR THE OFFICERS BASED UPON INFORMATION OBTAINED FROM COMPARABLE ORGANIZATIONS. Form 990, Part VI, Section C, line 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, part xii, line 2c, oversight of audit No change in its oversight process or selection process from the prior year.