2018-05-15T19:04:02-05:00 2017-06-30 271728945 PKF O'Connor Davies LLP 300 Tice Boulevard Suite 315 Woodcliff Lake NJ 07677 990 2016-07-01 061803490 Christ the king preparatory school CHRI 9734830033 239 woodside avenue newark NJ 07104 FR ROBERT SANDOZ PRESIDENT 9734830033 2018-05-15 1 Brian M Flynn P00739850 2017129800 2018-05-15 47.19.39.42 2018-05-15 18:55:31 ED P 5FBDCBD040DC1AD11941E9056BDD8F8313149616 1663D609695E051852AB3536C4752EAC6B3A3A8B 2016 2021-01-29 14:40:06Z FR ROBERT SANDOZ 239 woodside avenue newark NJ 07104 3314838 0 X www.cristoreynewark.org X 2006 NJ CHRIST THE KING PREPARATORY SCHOOL PROVIDES AN AFFORDABLE ALTERNATIVE FOR URBAN FAMILIES WHO WANT A SMALL, CATHOLIC, CO-EDUCATIONAL, COLLEGE PREPARATORY SECONDARY SCHOOL. THE HIGH SCHOOL ALSO ASSISTS STUDENTS THROUGH WORK PROGRAMS WITH CORPORATE SPONSORS AFFILIATED WITH THE CORPORATE INTERNSHIP PROGRAM (CIP). 19 18 57 30 0 0 1045414 1287524 2067143 1932748 2311 1492 113352 18244 3228220 3240008 252805 195204 0 0 2172756 2199514 0 0 176837 918738 1016557 3344299 3411275 -116079 -171267 780323 707817 1691902 1784657 -911579 -1076840 X CHRIST THE KING PREPARATORY SCHOOL PROVIDES AN AFFORDABLE ALTERNATIVE FOR URBAN FAMILIES WHO WANT A SMALL, CATHOLIC, CO-EDUCATIONAL, COLLEGE PREPARATORY SECONDARY SCHOOL. THE HIGH SCHOOL ALSO ASSISTS STUDENTS THROUGH WORK PROGRAMS WITH CORPORATE SPONSORS AFFILIATED WITH THE CORPORATE INTERNSHIP PROGRAM (CIP). CHRIST THE KING PREP HAS FOUR CLASSES, 9TH, 10TH, 11TH AND 12TH GRADES. THE MAJORITY OF THE STUDENTS COME FROM NEWARK, IRVINGTON, AND EAST ORANGE AND 90% ARE ELIGIBLE FOR THE FEDERAL FREE AND REDUCED LUNCH PROGRAM. 0 0 2851133 195204 1932748 Provide an affordable alternative for economically disadvantaged urban families who want their children to attend a small, catholic, co-educational, college preparatory secondary school. christ the king preparatory school serves 260 students. 2851133 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 57 1 0 0 0 0 0 1 1 0 0 0 0 X 19 18 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X chris paterek 9734830033 239 WOODSIDE AVE NEWARK NJ 07104 X fr robert sandoz president 40.00 X X 0 0 0 june m inderwies Chairman 10.00 X X 0 0 0 Patrick McGovern Vice-Chairman 2.00 X X 0 0 0 mathew R Glowski Treasurer 5.00 X X 0 0 0 john Brennan mEMBER 5.00 X 0 0 0 john B WILSON mEMBER 5.00 X 0 0 0 Theresa Donohue mEMBER 2.00 X 0 0 0 Arthur Martin mEMBER 2.00 X 0 0 0 Alison Banks-Moore mEMBER 2.00 X 0 0 0 John O'Neill mEMBER 2.00 X 0 0 0 Monica Oliver mEMBER 2.00 X 0 0 0 Thomas Carver mEMBER 2.00 X 0 0 0 Monique Mckeon mEMBER 2.00 X 0 0 0 Sister Gloria O'Brien mEMBER 2.00 X 0 0 0 Karen Sheehy mEMBER 2.00 X 0 0 0 Edward Waterfield mEMBER 2.00 X 0 0 0 Bobet Bennet-Marshall mEMBER 2.00 X 0 0 0 Anthony Bastardi MemBER 2.00 X 0 0 0 ANGELO DEL RUSSO MEMBER 2.00 X 0 0 0 sister nancy grassia osf secretary 2.00 X 0 0 0 chris paterek business manager 40.00 X 72121 0 11918 72121 0 11918 0 0 0 0 0 238105 15000 1034419 1287524 corporate internship p 611710 1101765 1101765 TUITION and fees 611710 726556 726556 cafteria services 611710 104427 104427 1932748 1197 1197 295 0 295 295 295 45656 238105 51959 -6303 -6303 31396 22871 8525 8525 OTHER REVENUE 900099 10762 10762 Fee income 900099 5260 5260 16022 3240008 1932748 0 19736 195204 195204 85453 66627 12321 6505 1672606 1304115 241155 127336 274502 214027 39577 20898 166953 130172 24071 12710 36225 36225 16811 15427 906 478 2051 2051 129607 115007 5690 8910 708 708 81038 81038 48185 39155 9030 3615 693 2922 8649 8649 59897 59897 40045 40045 STIPENDS 173247 173247 STUDENT activities 142510 142510 MAINTENANCE AND REPAIR 101318 101318 CAFETERIA 101141 101141 71510 71510 3411275 2851133 383305 176837 2500 1482 185434 189964 69044 37877 85281 127287 2330 5450 746118 491109 314906 255009 120828 90748 780323 707817 1114762 1190632 262630 279515 314510 314510 1691902 1784657 X -1199418 -1538491 214693 388505 73146 73146 -911579 -1076840 780323 707817 -171267 6006 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 73146 7338 7338 73146 73146 73146 71112 2034 73146 70000 1112 8120 8120 71112 70000 70000 1.00000 0 0 218661 79669 138992 203134 181220 21914 324323 230220 94103 255009 other receivables 4300 Assets held by Community Foundation of New Jersey 86448 90748 Line of credit - archdiocese of newark 314510 314510 X 3290810 6006 240000 246006 3044804 195204 195204 3240008 3456071 240000 240000 3216071 195204 195204 3411275 Part V, Line 4: The purpose of the fund shall be to provide scholarships for students currently attending CTK who are in need of tuition assistance. This scholarship is used to fund his or her high school preparatory education at CTK. 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 has no uncertain tax positions that would require financial statement recognition. The School is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to fiscal 2014. Part XI, Line 4b - Other Adjustments: Financial Aid Netted Against Revenue 195,204. Part XII, Line 4b - Other Adjustments: Financial Aid Netted Against Revenue 195,204. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Our publications, ads, and open house programs clearly state that we do not discriminate. Ads taken out in newspaper direct the public to our racially nondiscriminatory policy on our website. Schedule E, Part I, Line 6 CHRIST THE KING PREPARATORY SCHOOL RECEIVED FINANCIAL AID OR ASSISTANCE FROM THE GOVERNMENT FOR TITLE I AND FOOD PROGRAM. HOWEVER, NO FUNDS WERE DIRECTLY RECEIVED BY THE SCHOOL. CAFETERIA MONIES WERE SENT DIRECTLY TO THE FOOD SERVICE PROVIDER. THE TITLE 1 MONIES WERE SENT DIRECTLY TO THE NEWARK BOARD OF EDUCATION TO PAY FOR TEXTBOOKS, NURSING SERVICES, COUNSELING, TESTING AND OTHER SERVICES. President's Gala 266596 220940 45656 4500 18180 2350 11094 Golf Outing 17165 17165 15835 283761 238105 45656 4500 18180 2350 26929 51959 -6303 31396 3623 1360 17888 1 1.00000 31396 3623 1360 17888 22871 8525 NJ 1 0 1 0 1.00000 Chris Paterek 239 Woodside Avenue Newark NJ 07104 0 Chris Paterek 0 Recordkeeping and money counting. X 0 1 Scholarships/Tuition assistance 160 195204 Part I, Line 2: Tuition Assistance is internal aid given to students based on their financial need. The adjustment is then made to their yearly tuition. Financial need is set through the Admissions Office after reviewing documents from PSAS (Private School Aid Services) an independent third party group that the parents submit their financial information to for evaluation of their ability to pay the CTK tuition. The School predsident then approves all tuitions as they are set. Monitoring of this process is done in the Business office thru the Master Tuition File. Form 990, Part VI, Section A, line 4 Article II - the bylaws have been amended to specifically outline the purpose of the school. Article III, Section 1 - Member was changed from the Vicar for education of the archdiocese of newark to the secretary for education of the archdiocese of newark. Article III, Section 5 - Members shall have the right to give prior approval or ratify certain actions of the board of trustees including real estate, by-laws, deviation from the capital or operating budget, and consolidation. Article V, section 1 - the minimum number of trustees changed from fifteen to twenty, the number of seats reserved for endorsing congregations changed to three, and the archbishop will appoint at least fifteen of the members. Article V, section 4 - the board of trustees has the power to make or alter any by-law or by-laws, or any other rule or regulation governing the board of trustees by a two-thirds vote, subject to member approval. Article V, Section 8 and Article VII - members will be considered eligible to vote if 'live electronically'. Article VI - The development and finance committee and the executive committee were established as standing committees. Non-voting consultants who are not trustees can be appointed to committees to assist them in fulfilling their responsibilities. Form 990, Part VI, Section A, line 6 There shall be four (4) members of this corporation consisting of the following officials in the roman catholic archdiocese of newark and their respective successors in office: the archbishop of newark, the vicar general, moderator of the curia and chancellor of the archdiocese of newark, the secretary for education of the archdiocese of newark, and the vice-chancellor of the archdiocese of newark. Form 990, Part VI, Section A, line 7a The members will appoint nine (9) individuals to the Board of Trustees, or if the Board of Trustees is comprised of more than fifteen (15) trustees, the members shall appoint half the Board's trustees plus two (2). Form 990, Part VI, Section A, line 7b The members, by majority vote, shall have sole authority on behalf of the corporation to: (a) purchase, sell, lease or encumber real estate;(b) amend the certificate of Incorporation and Bylaws; (c) authorize the merger and dissolution of the corporation; (d) elect and remove members of the board of trustees; (e) elect the president, vice president, secretary and treasurer of the corporation; (f) approve contracts, purchases and acquisitions not within the approved budget of any fiscal year, the cost or value of which exceeds a specified dollar amount as provided in the bylaws; (g)receive no less frequently than annual reports from the president of the high school and the president of the corporation; and (h) schedule, hold and conduct meetings of the members. The members of the corporation shall have the exclusive authority to amend the certificate of incorporation and the members may remove the trustees, with or without cause. Form 990, Part VI, Section B, line 11b The 990 is prepared by the auditing firm which is hired to do the annual audit. The 990 is prepared in conjunction with the School Administration and development office. The 990 is also reviewed by the CTK Prep Board Finance Committee. It is then submitted electronically to the full board for review and approval. Form 990, Part VI, Section B, line 12c Christ the King Preparatory School currently has in place a conflict of interest policy which it annually monitors and enforces. The board currently mandates that all members of management and the governing body annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. The signed conflict of interest policy is submitted to the Business Manager who reviews the signed attestations for potential or actual conflicts. If a potential or actual conflict of interest exists, the Business Manager will notify member of management or the governing body about such conflict and investigate the conflict. The results of the investigation will be summarized and documented by the Business Manager and be reported to the governing body. If the Business Manager establishes that an actual conflict exists, the member of management or the governing body will be asked to recuse themselves. Form 990, Part VI, Section B, line 15 The board of trustees of christ the king establishes compensation for administrative positions by using the guidelines for salaries in the MOAS budget guidelines established by the Cristo Rey Network, by the current guidelines and comparable positions of the Archdiocese of Newark as provided by the Office of the Superintendent of Schools of the Archdiocese of Newark, and by comparison with similar surrounding schools. Compensation for CTK Faculty is defined by the salary scale approved by the board of trustees. This salary scale is developed from the current school salary scale and comparable positions of the Archdiocese of Newark established by the Office of the Superintendent of Schools of the Archdiocese of Newark and by comparison with the salary scales at similar surrounding schools and schools within the Cristo Rey Network. Salaries for CTK staff and support personnel are defined by the wage guidelines established by similar positions for employees of the Archdiocese and other related professional employers. (e.g. secretaries, maintenance, drivers, NJSIAA). The process was last undertaken in 2016. Form 990, Part VI, Section C, line 19 Christ the King Preparatory School makes its Forms 990 and 1023 as well as the financial statements, conflict of interest policy and other policies are available upon written request at 239 Woodside Avenue, Newark, NJ 07104 or by calling the organization directly at (973)483-0033. Form 990, part vii, section a line 1a: Crist the king preparatory school pays a stipend for the president's services to the school. The president does not receive the stipend directly but rather it is paid to his religious order. Form 990 part XII line 2c The organization has a Finance and Facilities committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year. archdiocese of newark 171 clifton avenue newark NJ 07104 221487308 church NJ 501(c)(3) 1 N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0