2018-04-17T12:40:23-05:00 2017-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2016-07-01 113752853 GRACE CHURCH SCHOOL GRAC 2124755609 86 FOURTH AVENUE NEW YORK NY 100035232 CPA CFO 2124755609 2018-04-17 1 ROBERT LYONS CPA P00227472 2125038800 69.74.165.34 2018-04-17 11:39:06 ED P 1423E06F9E6F9EFDA19AB3AABD1FE32D0EF26F97 D485E2372F9A3E228BF0E00A17368979B0DA0859 2016 2021-01-29 14:40:06Z FRANK KAMENAR 86 FOURTH AVENUE NEW YORK NY 100035232 50360834 0 X WWW.GCSCHOOL.ORG X 2005 NY TO PROVIDE EXEMPLARY EDUCATION FOR CHILDREN REFLECTING ETHNIC, RELIGIOUS AND ECONOMIC DIVERSITY. 27 27 347 300 0 0 6726072 7108075 30993777 33512611 964307 1010817 384216 435753 39068372 42067256 7361840 7709453 0 0 20986594 22136327 0 0 701179 11248169 12504797 39596603 42350577 -528231 -283321 100349531 103115653 66242847 68922250 34106684 34193403 X TO PROVIDE EXEMPLARY EDUCATION FOR CHILDREN REFLECTING THE ETHNIC, RELIGIOUS AND ECONOMIC DIVERSITY OF NEW YORK CITY, REGARDLESS OF A FAMILY'S ABILITY TO PAY TUITION. 0 0 38877620 7709453 33512611 GRACE CHURCH SCHOOL SEEKS A STUDENT BODY REFLECTIVE OF THE ETHNIC, RELIGIOUS AND ECONOMIC DIVERSITY OF OUR DOWNTOWN COMMUNITY AND MAINTAINS A POLICY OF NEED-BLIND ADMISSIONS. A STRUCTURED CURRICULUM, ENRICHED WITH BROAD OPPORTUNITIES FOR CREATIVE EXPRESSION, AIMS TO DEVELOP IN EACH CHILD MENTAL KEENNESS, PHYSICAL CONFIDENCE, PLEASURE IN LEARNING, AND THE SKILLS BASIC TO UNDERSTANDING ONE'S SELF AND THE WORLD. OUR STUDENTS ARE THOROUGHLY PREPARED IN ENGLISH, MATHEMATICS, FOREIGN LANGUAGES, SCIENCE, AND HISTORY. STUDIO ART, MUSIC EDUCATION, DRAMA AND PHYSICAL EDUCATION ARE INTEGRAL TO THE CURRICULUM. COMPUTER INSTRUCTION IS INTEGRATED WITH THE SCHOOL'S COURSE OF STUDY. IN 2016-17 THE SCHOOL SERVED APPROXIMATELY 745 STUDENTS ON TWO CAMPUSES, THE EARLY CHILDHOOD AND ELEMENTARY DIVISIONS AT 86 FOURTH AVE, AND THE HIGH SCHOOL DIVISION AT 46 COOPER SQUARE. 38877620 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 51 0 347 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X FRANK KAMENAR CFO 2124755609 86 FOURTH AVENUE NEW YORK NY 100035232 ELYCE ARONS CHAIR 3.00 X X 0 0 0 LEONA S CHAMBERLIN VICE CHAIR 2.00 X X 0 0 0 MIYOUNG LEE VICE CHAIR 2.00 X X 0 0 0 ROBERT MCCAIN VICE CHAIR 2.00 X X 0 0 0 CYNTHIA GRAHAM TREASURER 2.00 X X 0 0 0 KARIN GREENFIELD-SANDERS SECRETARY 2.00 X X 0 0 0 DANIEL BERGER TRUSTEE 1.00 X 0 0 0 JAMES BERMAN TRUSTEE 1.00 X 0 0 0 ERIC BISCHOF TRUSTEE 1.00 X 0 0 0 BELLE BURDEN-DAVIS TRUSTEE 1.00 X 0 0 0 OLIVIA DOUGLAS TRUSTEE 1.00 X 0 0 0 TOM GENIESSE TRUSTEE 1.00 X 0 0 0 GREG GUSHEE TRUSTEE 1.00 X 0 0 0 JANE HOFFMAN TRUSTEE 1.00 X 0 0 0 PABLO LEGORRETA TRUSTEE 1.00 X 0 0 0 GEORGE MAJOROS TRUSTEE 1.00 X 0 0 0 ANN MELLOW TRUSTEE 1.00 X 0 0 0 FOLAKE OLOGUNJA TRUSTEE 1.00 X 0 0 0 KATE PLATT TRUSTEE 1.00 X 0 0 0 DAVON RUSSELL TRUSTEE 1.00 X 0 0 0 SCOTT SABBAGH TRUSTEE 1.00 X 0 0 0 ALEXANDRA SCOTT TRUSTEE 1.00 X 0 0 0 DAVID SHEVLIN TRUSTEE 1.00 X 0 0 0 BARBARA SIBLEY TRUSTEE 1.00 X 0 0 0 ERIK SORENSEN TRUSTEE 1.00 X 0 0 0 R MITCHELL THEISS TRUSTEE 1.00 X 0 0 0 MARGARET TOWLES TRUSTEE 1.00 X 0 0 0 GEORGE DAVISON HEAD OF SCHOOL 40.00 X 549238 0 72647 FRANK KAMENAR CFO 40.00 X 249755 0 55324 CAROL COLLET ASSISTANT HEAD OF SCHOOL 40.00 X 219580 0 40378 HUGO MAHABIR HEAD HIGH SCHOOL DIVISION 40.00 X 208009 0 42207 BARBARA HANEY HEAD OF LOWER SCHOOL 40.00 X 202015 0 25557 JOYCE KUH DIRECTOR OF DEVELOPMENT 40.00 X 200947 0 38203 MELANIE WHITE DIRECTOR OF COLLEGE COUNSE 40.00 X 202558 0 15358 CHERYL KELLY HEAD OF EARLY CHILDHOOD 40.00 X 176844 0 59449 2008946 0 349123 51 0 1 0 FLIK PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 809589 MURPHY BURNHAM & BUTTRICK ARCHITECTS 48 WEST 37TH STREET 14TH FLOOR NEW YORK NY 10018 CONSTRUCTION 442817 SEAMUS HENCHY AND ASSOCIATES 145 HUDSON STREET NEW YORK NY NY 10013 CONSTRUCTION 214831 SUNSHINE BUS TRANSPORTATION INC 4809 AVENUE N SUITE 194 BROOKLYN NY 11234 BUS TRANSPORTATION 199090 7 OCEAN GROUP INC 2351 WHITE OAK CT EAST ELMHURST NY 11370 MAINTENANCE 184105 5 715150 549966 5842959 438723 7108075 TUITION AND TRIP FEES 611710 32855868 32855868 ANCILLARY REVENUE 611710 344258 344258 FORFEITED TUITION & OTHER FEES 611710 266810 266810 APPLICATION FEES 611710 45675 45675 33512611 674905 674905 8504971 8169059 335912 335912 335912 124519 715150 124519 0 MISCELLANEOUS INCOME 900099 435753 435753 435753 42067256 33512611 0 1446570 7709453 7709453 1228649 265562 905920 57167 16759065 15450582 972123 336360 1087051 1040081 33428 13542 1913024 1745031 140360 27633 1148538 1020358 110646 17534 20970 20970 549813 477076 67332 5405 1127288 1087338 38687 1263 4380871 4348745 25202 6924 396432 396432 313285 311616 1669 1144426 1086121 45738 12567 2314472 2193269 95079 26124 312032 292834 12660 6538 FOOD COSTS 848048 766191 36889 44968 MISCELLANEOUS 434420 242141 159128 33151 INTERNSHIPS AND FACULTY 214852 214852 TELEPHONE AND POSTAGE 147853 114418 2147 31288 300035 115520 103800 80715 42350577 38877620 2771778 701179 15665120 15127030 6790131 7247332 554317 786496 943201 870406 63964114 22125761 41508513 41838353 29933130 32420761 4055737 4825275 899382 0 100349531 103115653 2680730 4006216 14508117 15421997 40000000 38428790 230347 129957 8823653 10935290 66242847 68922250 X 21784804 20643039 4947010 6076507 7374870 7473857 34106684 34193403 100349531 103115653 X -283321 2481675 -2111635 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32685251 814137 3299603 822100 423500 35553391 33196661 1156655 -405440 810600 452025 32685251 31900149 1243614 936898 567500 316500 33196661 27412038 1217414 4035697 482000 283000 31900149 24417754 804369 2865915 419100 256900 27412038 0.79540 0.20460 0 0 1000000 1000000 36338588 10985172 25353416 17234842 5654971 11579871 6576652 5485618 1091034 2814032 2814032 41838353 DEFERRED RENT 10935290 10935290 X 36839478 2481675 2481675 34357803 7709453 7709453 42067256 34641124 0 34641124 7709453 7709453 42350577 PART V, LINE 4: THE ENDOWMENT FUND PROVIDES AN ANNUAL INCOME OF 4% OF ITS MARKET VALUE AS OF THE PREVIOUS DECEMBER 31 FOR THE SUPPORT OF OPERATIONS, INCLUDING PROVIDING FINANCIAL AID TO CERTAIN STUDENTS. PART X, LINE 2: THE SCHOOL BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 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 7,709,453. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,709,453. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GRACE CHURCH SCHOOL PUBLISHES ITS NONDISCRIMINATORY POLICY ANNUALLY IN A NEWSPAPER, ON ITS WEBSITE, AND ON THE ADMISSIONS APPLICATION. SCHEDULE E, PART I, LINE 6 GRACE CHURCH SCHOOL IS A RECIPIENT OF A GRANT FROM THE NEW YORK STATE EDUCATION DEPARTMENT TO REIMBURSE NON-PUBLIC SCHOOLS FOR PERFORMING CERTAIN MANDATED SERVICES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 379947 0 0 0 0 0 0 379947 0 379947 0 0 0 0 0 0 GALA 839669 715150 124519 50200 3916 2500 67903 839669 715150 124519 50200 3916 2500 67903 124519 0 1 STUDENT FINANCIAL AID 217 7709453 PART I, LINE 2: THE SCHOOL GRANTED NEEDS-BASED FINANCIAL AID TO 217 STUDENTS DURING THE YEAR ENDED JUNE 30, 2017. PARENTS ARE REQUIRED TO FILL OUT AN APPLICATION DEPICTING THEIR FINANCIAL POSITION ALONG WITH COPIES OF THEIR TAX RETURNS AND THE AMOUNT OF AID THEY ARE REQUESTING. A FINANCIAL AID COMMITTEE REVIEWS THE APPLICATIONS AND AWARDS THE GRANTS BASED ON VARIOUS CRITERIA. X 1 1 X X X 0 0 0 0 0 0 0 0 0 GEORGE DAVISON HEAD OF SCHOOL 549238 0 0 0 0 0 45579 0 27068 0 621885 0 0 0 FRANK KAMENAR CFO 249755 0 0 0 0 0 32969 0 22355 0 305079 0 0 0 CAROL COLLET ASSISTANT HEAD OF SCHOOL 219580 0 0 0 0 0 27550 0 12828 0 259958 0 0 0 HUGO MAHABIR HEAD HIGH SCHOOL DIVISION 208009 0 0 0 0 0 16338 0 25869 0 250216 0 0 0 BARBARA HANEY HEAD OF LOWER SCHOOL 202015 0 0 0 0 0 24906 0 651 0 227572 0 0 0 JOYCE KUH DIRECTOR OF DEVELOPMENT 200947 0 0 0 0 0 25375 0 12828 0 239150 0 0 0 MELANIE WHITE DIRECTOR OF COLLEGE COUNSE 202558 0 0 0 0 0 6002 0 9356 0 217916 0 0 0 CHERYL KELLY HEAD OF EARLY CHILDHOOD 176844 0 0 0 0 0 25148 0 34301 0 236293 0 0 0 PART I, LINE 1A GEORGE DAVISON RECEIVES A FIXED HOUSING ALLOWANCE UNDER HIS EMPLOYMENT CONTRACT AND IS INCLUDED IN PART II, (B), (I). A BUILD NYC RESOURCE CORPORATION 454040561 2013-07-01 40000000 REFUNDING OF A PRIOR ISSUE AND BANK LOAN; FINANCE THE IMPROVEMENTS OF FACILI 0 0 0 A 975549 40000000 409 253303 572486 5977293 33196917 2014 1 0 0 1 A 0 1 1 1 0 0.00300 0.00300 0 0 1 A 0 1 1 0 1 0 0 0 1 A 1 PART I (F) THE PROCEEDS OF THIS BOND ISSUE WERE USED TO REFUND THE SERIES 2006 (DATED 6/28/2006) AND THE M&T LOAN (DATED 6/21/2011). PART III, LINE 7 AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRVIATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE SCHOOL HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2(B) THE CURRENT REFUNDING PORTION OF THE BONS ISSUE HAS MET THE 6-MONTH EXCEPTION TO REBATE. X 54 438723 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS DISTRIBUTED TO THE AUDIT COMMITTEE AND MADE AVAILABLE TO THE FULL BOARD FOR REVIEW AT THE FOLLOWING FULL BOARD MEETING PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD SECRETARY AT THE BOARD'S ANNUAL MEETING REQUESTS TRUSTEES TO SIGN THE STATEMENT AND RETURN FOR REVIEW AND FILING. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S CONTRACT IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD AND COMPARED TO A BENCHMARK OF COMPARABLE SCHOOLS. ALL OTHER TOP MANAGEMENT IS REVIEWED WITH THE BOARD CHAIR AND COMPARED TO COMPARABLE SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 A PRINTED COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OCCUPANCY EXPENSES IN EXCESS OF LEASE PAYMENTS -2,111,635. PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR.