2018-04-24T12:57:19-05:00 2017-06-30 EisnerAmper LLP 750 Third Avenue New York NY 100172703 990 2016-07-01 131635286 THE SPENCE SCHOOL % ELYSE WATERHOUSE SPEN 2122895940 22 EAST 91ST STREET NEW YORK NY 10128 ELYSE WATERHOUSE DIRECTOR OF FINANCE 2129436822 2018-04-24 true CANDICE METH P01306891 2129498700 64.238.150.10 26368720181145000008 2018-04-24 P BA9B730043CFBE02C044A3824E7B5D64939582C4 BA9B730043CFBE02C044A3824E7B5D64939582C4 2016 2021-01-29 14:40:06Z ELLANOR BRIZENDINE 22 EAST 91ST STREET NEW YORK NY 10128 97405561 false X WWW.SPENCESCHOOL.ORG X 1928 NY TO PREPARE A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE. 26 26 384 200 150599 105010 22978710 7952434 34373980 36387724 4225652 12021066 552384 578330 62130726 56939554 4843907 5302229 0 0 27112047 28457285 216000 0 2091290 14290156 14945158 46462110 48704672 15668616 8234882 316738014 312371569 29609478 21818985 287128536 290552584 WITH A COMMITMENT TO ACADEMIC EXCELLENCE AND PERSONAL INTEGRITY, THE SPENCE SCHOOL PREPARES A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE. false false 41237315 5302229 36387724 THE SPENCE SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL PROVIDING AN EDUCATION FOR 747 GIRLS IN GRADES KINDERGARTEN THROUGH 12. 41237315 true true false false false false false false false true true true false false false true true false true false true false false false false false false false true true true false false false false false false false false false false true false false false false false false false false true 104 0 true 384 true true false false false false false false false false false X 26 26 true false false false false false false true true false false true true true true true true true true false X ELYSE WATERHOUSE 6469436822 22 EAST 91ST STREET NEW YORK NY 10128 WILLIAM L JACOB III PRESIDENT 10.0 0.0 X X 0 0 0 BETSY PITTS VICE PRESIDENT 2.0 0.0 X X 0 0 0 LYON POLK VICE PRESIDENT 2.0 0.0 X X 0 0 0 KIMBERLY KRAVIS SECRETARY 2.0 0.0 X X 0 0 0 ANYA HERZ SHIVA PRESIDENT OF THE ALUMNAE ASSOC 2.0 0.0 X X 0 0 0 ERICA DESAI PRESIDENT OF PARENT ASSOC 2.0 0.0 X X 0 0 0 GABRIELA P BARON TRUSTEE 2.0 0.0 X 0 0 0 GEORGE R BASON JR TRUSTEE 2.0 0.0 X 0 0 0 NORM CHAMP TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL P CLIFFORD TRUSTEE 2.0 0.0 X 0 0 0 ANAND DESAI TRUSTEE 2.0 0.0 X 0 0 0 REBECCA DANZIGER GAMZON TRUSTEE 2.0 0.0 X 0 0 0 AMY GRIFFIN TRUSTEE 2.0 0.0 X 0 0 0 EMILIO HARRIS TRUSTEE 2.0 0.0 X 0 0 0 JENNIFER HOINE TRUSTEE 2.0 0.0 X 0 0 0 SONNY KALSI TRUSTEE 2.0 0.0 X 0 0 0 PETER W KEEGAN TRUSTEE 2.0 0.0 X 0 0 0 ADAM KLEIN TRUSTEE 2.0 0.0 X 0 0 0 ROBERT N LAUDER TRUSTEE 2.0 0.0 X 0 0 0 SCOTT C NUTTALL TRUSTEE 2.0 0.0 X 0 0 0 RICHARD OLCOTT TRUSTEE 2.0 0.0 X 0 0 0 C CYBELE RAVER TRUSTEE 2.0 0.0 X 0 0 0 JAMES SHULMAN TRUSTEE 2.0 0.0 X 0 0 0 THEODORE T WANG TRUSTEE 2.0 0.0 X 0 0 0 AKUEZUNKPA UDE WELCOME TRUSTEE 2.0 0.0 X 0 0 0 RAVI P YADAV TRUSTEE 2.0 0.0 X 0 0 0 ELLANOR N BRIZENDINE HEAD OF SCHOOL 40.0 0.0 X 758007 0 52359 ELYSE WATERHOUSE DIRECTOR FINANCE & OPERATIONS 40.0 0.0 X 451517 0 34160 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 40.0 0.0 X 236697 0 33045 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 40.0 0.0 X 238429 0 33045 MICHELE KRAUTHAMER HEAD OF UPPER SCHOOL 40.0 0.0 X 226291 0 33783 CARRIE HINRICHS DIRECTOR OF ADVANCEMENT 40.0 0.0 X 259457 0 34052 DOUG BROPHY ACADEMIC DEAN 40.0 0.0 X 272610 0 35262 CHRISTOPHER YORK IT SYSTEMS MANAGER 40.0 0.0 X 237688 0 32692 DANA CROWELL DIRECTOR COLLEGE COUNSELING 40.0 0.0 X 201648 0 34106 ERIC ZAHLER DIR TEACHING/LEARNING PRTNRSHP 40.0 0.0 X 201166 0 28521 3083510 0 351025 77 false true false ROGERS PARTNERS PLC 100 READE STREET NEW YORK NY 10013 ARCHITECTURE DESIGN 2294294 ZUBATKIN OWNER REPRESENTATION LLC 333 WEST 52ND STREET NEW YORK NY 10019 CONSTRUCTION MGMT 486598 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 PRE-CONSTRUCTION SVC 350000 BUILDING MAINTENANCE SERVICE LLC 11 PENN PLAZA NEW YORK NY 10001 CLEANING SERVICES 295161 BRILLIANT TRANSPORTATION 242 5TH AVENUE NEW YORK NY 10001 TRANSPORTATION 239989 5 228253 7724181 717466 7952434 TUITION 611710 35263024 35263024 AFTER SCHOOL PROGRAM 611710 787210 787210 MUSIC PROGRAM FEES 611710 204730 204730 STUDENT FEES 611710 123535 123535 OTHER 611710 9225 9225 36387724 1199572 26239 1173333 0 0 578330 578330 0 578330 98330 480000 51287501 40466007 10821494 10821494 26030 10795464 0 0 0 0 0 0 0 0 0 0 56939554 36387724 150599 12448797 0 5302229 5302229 0 0 2099042 1609338 489704 0 20565521 18786059 775661 1003801 1478586 1352789 59208 66589 2743326 2492125 132601 118600 1570810 1423802 81248 65760 0 70712 70712 13335 13335 0 0 276183 276183 123086 123086 303246 303246 4567509 2935410 1230085 402014 375332 74234 301098 0 1647401 1317921 329480 15439 15439 0 93625 93625 368454 368454 0 5180270 4144216 1036054 368594 294875 73719 FOOD SERVICE 562558 562558 AFTERSCHOOL PROGRAMS 848134 848134 CAMPAIGN EXPENSES 131280 131280 48704672 41237315 5376067 2091290 1000 1000 46242281 42206639 30074509 21711603 331134 660751 0 0 0 0 4117 8045 0 0 2486374 2545714 212389396 50741259 162670285 161648137 52544230 56946767 21867792 26125177 0 0 0 0 516292 517736 316738014 312371569 1924601 1614709 0 0 15024160 8063145 12660717 12141131 0 0 0 0 0 0 0 0 0 0 29609478 21818985 X 163085965 163179868 61222751 63597967 62819820 63774749 287128536 290552584 316738014 312371569 X 8234882 -4432663 -378171 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80181532 957956 7264110 3525000 84878598 78307974 6333281 -1120723 3339000 80181532 77638918 2407031 1332025 3070000 78307974 67391297 3426029 10117592 3296000 77638918 56330384 8365778 3181143 486008 67391297 0.04740 0.75140 0.20120 false false 30693288 30693288 168335458 43964426 124371032 13360650 6776833 6583817 161648137 LP'S AND OFFSHORE FUNDS 26125177 F 26125177 0 0 X 46830149 -4432663 -4432663 51262812 276183 5400559 5676742 56939554 43406101 378171 378171 43027930 276183 5400559 5676742 48704672 FORM 990, SCHEDULE D, PART V, LINE 4 THE SCHOOL'S ENDOWMENT CONSISTS OF BOTH INDIVIDUAL DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE ENDOWMENT FUNDS OF THE SCHOOL ARE INTENDED TO BE USED TO SUPPORT ITS LONG-TERM MISSION. FORM 990, SCHEDULE D, PART X, LINE 2 THE SCHOOL IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. FOR THE SCHOOL, THESE PROVISIONS COULD BE APPLICABLE TO THE INCURRENCE OF UNRELATED BUSINESS INCOME TAX ATTRIBUTABLE TO CERTAIN OF THE SCHOOL'S INVESTMENTS AND RENTAL INCOME ACTIVITIES. HOWEVER, DUE TO THE SCHOOL'S GENERAL TAX-EXEMPT STATUS, 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 4B AND PART XII, LINE 4B AMOUNT REPRESENTS FINANCIAL AID OF $5,302,229 AND BUILDING USE FEES OF $98,330 TOTALING $5,400,559 WHICH WERE NETTED FOR FINANCIAL REPORTING PURPOSES. SCHEDULE D, PART XII, LINE 4A LOSS ON UNCOLLECTIBLE PLEDGES OF $378,171. true true true true true true true false false false false false false false false true false true FORM 990, SCHEDULE E, PART 1, LINE 3 THE SCHOOL PUBLICIZES ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE. FORM 990, SCHEDULE E, PART 1, LINE 6A THE SCHOOL RECEIVES AN APPROPRIATION FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR THE PERFORMANCE OF MANDATED SERVICES AND FUNDING FOR SAFETY EQUIPMENT. Central America and the Caribbean Investments 10007051 10007051 10007051 true false false true true false SCHEDULE F, PART 1, LINE 3, COLUMN F AMOUNT REPORTED ON THE ACCRUAL METHOD OF ACCOUNTING. SCHEDULE F, PART IV FORM 926: THE SCHOOL WAS A U.S. TRANSFEROR OF PROPERTY TO A FOREIGN CORPORATION DURING THE TAX YEAR, HOWEVER THE SCHOOL DID NOT MEET THE REPORTING REQUIREMENTS FOR THIS FORM. FORM 8621: THE SCHOOL HAD AN OWNERSHIP INTEREST IN A PASSIVE FOREIGN INVESTMENT PARTNERSHIP DURING THE TAX YEAR, HOWEVER THE SCHOOL DID NOT MEET THE REPORTING REQUIREMENTS FOR THIS FORM. FORM 8865: THE SCHOOL HAD AN OWNERSHIP INTEREST IN A FOREIGN PARTNERSHIP DURING THE TAX YEAR, HOWEVER THE SCHOOL DID NOT MEET THE REPORTING REQUIREMENTS FOR THIS FORM. true FINANCIAL AID PROVIDED TO STUDENTS 143 5302229 FAIR MARKET VALUE TUITION REDUCTION GRANTS AND OTHER ASSISTANCE THE SPENCE SCHOOL REQUESTS THAT FAMILIES APPLYING FOR NEED-BASED FINANCIAL AID ANNUALLY SUBMIT THE PARENTS' FINANCIAL STATEMENTS TO SCHOOL AND STUDENT SERVICES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ("NAIS"), AS WELL AS PROVIDE COPIES OF FINANCIAL INFORMATION, SUCH AS TAX RETURNS AND W-2 FORMS. ALL GRANTS OF FINANCIAL AID ARE APPLIED TO A RECIPIENT'S OUTSTANDING TUITION CHARGES. X X true true X X X X false true false false false false false false false ELLANOR N BRIZENDINE HEAD OF SCHOOL 758007 0 0 0 0 0 40945 0 11414 0 810366 0 0 0 ELYSE WATERHOUSE DIRECTOR FINANCE & OPERATIONS 451517 0 0 0 0 0 22945 0 11215 0 485677 0 0 0 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 236697 0 0 0 0 0 21631 0 11414 0 269742 0 0 0 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 238429 0 0 0 0 0 21631 0 11414 0 271474 0 0 0 MICHELE KRAUTHAMER HEAD OF UPPER SCHOOL 226291 0 0 0 0 0 19846 0 13937 0 260074 0 0 0 CARRIE HINRICHS DIRECTOR OF ADVANCEMENT 259457 0 0 0 0 0 22839 0 11215 0 293511 0 0 0 DOUG BROPHY ACADEMIC DEAN 272610 0 0 0 0 0 23848 0 11414 0 307872 0 0 0 CHRISTOPHER YORK IT SYSTEMS MANAGER 237688 0 0 0 0 0 21477 0 11215 0 270380 0 0 0 DANA CROWELL DIRECTOR COLLEGE COUNSELING 201648 0 0 0 0 0 18726 0 15380 0 235754 0 0 0 ERIC ZAHLER DIR TEACHING/LEARNING PRTNRSHP 201166 0 0 0 0 0 17107 0 11414 0 229687 0 0 0 SCHEDULE J, PART I, LINE 1A THE SCHOOL PROVIDES HOUSING TO THE HEAD OF SCHOOL AS OUTLINED IN HER EMPLOYMENT CONTRACT. SCHEDULE J, PART I, LINE 4B THE SCHOOL MAINTAINS A SECTION 457(B) DEFERRED-COMPENSATION PLAN FOR ITS HEAD OF SCHOOL. THE SCHOOL PROVIDES ANNUAL CONTRIBUTIONS TO THE PLAN ON HER BEHALF. THE CONTRIBUTION FOR THE CURRENT YEAR WAS $18,045. A BUILD NYC RESOURCE CORPORATION 454040561 2013-09-25 14080000 EXPANSION/ACQUISITION OF SPACE false false false A 0 0 0 14080000 0 0 310784 0 0 0 0 0 false false true true A false false false false 0 false false false true A false false false false false false 0 false 0 true A true X 62 717466 FMV false true true Part I line 32A The SCHOOL USES A THIRD PARTY BROKER TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES ANAND DESAI AND ERICA DESAI ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11A THE FORMS 990, 990-T AND CT-13 ARE DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE DISTRIBUTED ANNUALLY FOR COMPLETION TO ALL TRUSTEES AT A BOARD MEETING AND COLLECTED AT THE END OF THE MEETING. THE ASSISTANT TO THE HEAD OF SCHOOL FOLLOWS UP WITH ANY TRUSTEES WHO WERE NOT PRESENT. FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED AND APPROVED BY THE OFFICERS OF THE COMPENSATION COMMITTTEE BASED UPON COMPARATIVE DATA PUBLISHED BY PEER SCHOOLS AND THEN RATIFIED BY THE BOARD OF TRUSTEES. THE HEAD OF SCHOOL ALSO HAS A WRITTEN EMPLOYMENT AGREEMENT. THE COMPENSATION OF THE DIRECTOR OF FINANCE AND OPERATIONS AND KEY EMPLOYEES IS REVIEWED BY THE HEAD OF SCHOOL AND THE PRESIDENT OF THE BOARD OF TRUSTEES. COMPARATIVE DATA FROM PEER SCHOOLS IS USED TO MAKE SURE COMPENSATION IS AT CURRENT MARKET RATES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THE FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 LOSS ON UNCOLLECTIBLE PLEDGES OF $378,171.