2017-05-09T10:45:31-05:00 2016-06-30 061325235 Dylewsky Goldberg & Brenner LLC 30 Oak Street Stamford CT 06905 990 2015-07-01 134013334 Carmel Academy CARM 2038639663 270 Lake Ave Greenwich CT 068304518 Nora Anderson Head of School 2038639663 2017-05-09 1 Lawrence Goldberg P01246920 2039758830 2015 2021-01-29 14:40:06Z Nora Anderson 270 Lake Ave Greenwich CT 068304518 10588537 0 X www.carmelacademy.com X 1997 NY Carmel Academy provides a meaningful Jewish day school experience for all children. 21 21 139 100 0 0 2908421 2679627 5419879 6696869 16786 37954 1002888 1174087 9347974 10588537 0 1400450 0 0 6207911 6516622 0 0 392353 3400133 3218504 9608044 11135576 -260070 -547039 28996652 28218018 16655703 16389943 12340949 11828075 X Carmel Academy is an educational institution that stretches each child's intellect and creativity; that is passionate about Jewish identity and values; that is committed to the betterment of our world and a strong bond with the State of Israel. Our faculty models it ... our students live it. 0 0 8444945 1400450 6696869 Carmel Academy is a forward-thinking private school for children of all Jewish affiliations, offering each of its students an exceptional, challenging and creative educational experience from kindergarten through eighth grade. Accredited with distinction by the Connecticut Association of Independent Schools, Carmel Academy's multi-disciplinary educational approach encourages its students to make connections between the classroom and the world. Experienced, passionate master teachers bring the school's educational philosophy to life, instilling creativity, critical thinking and a joy of learning in each student. With the benefits of a low student-teacher ratio and a dynamic, differentiated learning environment, students master the knowledge essential to continue on to the finest secondary schools, as well as to think critically and in a broader scope. The school's expert educational leadership designed Carmel Academy's dual curriculum from the ground up - incorporating only the highest in national standards - to integrate general and Judaic knowledge throughout the day. Set on a beautiful, historic 17-acre campus in Greenwich, CT, Carmel Academy is equipped with the infrastructure and technology to make it an unrivaled 21st century educational institution. With its central Greenwich location, Carmel attracts students throughout Fairfield and Westchester Counties, as well Riverdale and Manhattan. The school offers state-of-the-art laboratory and computer resources, as well as award winning enrichment programs to foster excellence in science, technology, engineering and mathematics (STEM). Children enjoy a wide-array of extracurricular activities and interscholastic team sports.As part of Carmel Academy's commitment to providing a meaningful Jewish day school experience for all children, the school offers a special education program for children with language-based learning disabilities. PALS (Providing Alternative Learning Strategies) gives children with special needs the tools to maximize their academic potential, while at the same time affording them the myriad benefits of a Jewish education.Carmel Academy provides an excellent foundation for long-term academic success, while fostering a deep love and connection to a common Jewish identity through history and culture, prayer and text, Zionism and Hebrew as a modern, living language. 8444945 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 81 0 1 139 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X The Organization 2038639663 270 Lake Ave Greenwich CT 068304518 Gloria Bieler Director 1.00 X 0 0 0 Emanuel Citron Director 1.00 X 0 0 0 Pam Feldstein Director 1.00 X 0 0 0 Eric Goldschmidt Director 1.00 X 0 0 0 Ivan Horak Director 1.00 X 0 0 0 Gilad Kalter Director 1.00 X 0 0 0 Guy Levy Director 1.00 X 0 0 0 Robye Margolius Director 1.00 X 0 0 0 Jeffrey Maron Director 1.00 X 0 0 0 David Messer Director 1.00 X 0 0 0 Sheldon Pang Director 1.00 X 0 0 0 Walter Primoff Director 1.00 X 0 0 0 Stuart Roth Director 1.00 X 0 0 0 Cori SaNogueira Director 1.00 X 0 0 0 Rochelle Tarlowe Director 1.00 X 0 0 0 Noah Yechiely Director 1.00 X 0 0 0 Laurel Asness Vice President 8.00 X 0 0 0 Evan Levy President 16.00 X 0 0 0 Jonathan Malkin Treasurer 8.00 X 0 0 0 Yale Paprin Vice President 8.00 X 0 0 0 Adam Safer Secretary 8.00 X 0 0 0 Nora Anderson Head of School 40.00 X 162951 0 34064 Risa Vine Chief Financial Officer 40.00 X 73355 0 73800 236306 0 107864 1 0 1 0 Beth Torah Kosher Caterers llc 106-06 Queens Blvd Forest Hills NY 11375 Catering services 136488 1 2679627 118780 2679627 Student tuition & fees 611600 6517260 6517260 Other Programs 611600 179609 179609 6696869 37179 37179 1174087 0 1174087 1174087 1174087 775 0 775 775 775 10588537 6696869 0 1212041 1400450 1400450 368986 289460 67707 11819 4846645 3802068 889336 155241 939367 775240 139735 24392 361624 283685 66356 11583 15000 15000 54929 54929 58679 58679 260019 148035 111984 61297 61297 8566 8566 522543 409922 95884 16737 801036 628392 146986 25658 145034 145034 Repairs & Maintenance 510230 400262 93625 16343 Auxiliary Services 341558 267944 62674 10940 Instructional 234187 183714 42972 7501 Change in value of inte 163564 163564 41862 3808 37899 155 11135576 8444945 2298278 392353 1706251 988148 7661 5303 774732 793147 84686 186854 118837 121289 32385962 8221894 24685074 24164068 1400763 1904983 218648 54226 28996652 28218018 671948 609673 696911 623891 3239000 3239000 11903300 11452892 144544 464487 16655703 16389943 X 12099589 11718675 241360 109400 12340949 11828075 28996652 28218018 -547039 34165 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6230568 6230568 24307003 6614265 17692738 1400809 1217440 183369 447582 390189 57393 24164068 Investments 1904983 F 1904983 Interest payable 170464 Interest rate swap agreement liability 294023 464487 X 10619532 30995 30995 10588537 0 10588537 11166571 30995 30995 11135576 0 11135576 Part X, Line 2: The School evaluates all significant tax positions as required by accounting principles generally accepted in the United States of America. As of June 30, 2016, the School does not believe that it has taken any positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next year. 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The academy is a Jewish day school and primarily publicizes in the Jewish community. It has a non-discriminatory policy and there are minority Jewish students that apply and attend. Schedule E, Part I, Line 4 We don't maintain a complete or accurate record of racial composition of the student body. We do not track or record ethnicity for faculty or staff. 1 Need based financial aid 138 1400450 Schedule I, Part III Assistance decisions are guided by financial data submitted by parents to the Director of Finance and Operations. This financial information, along with the names of families who ultimately receive tuition assistance, is kept confidential and not shared with any member of the Carmel Academy community. Tuition assistance is awarded annually and for one year at a time. X X X 0 0 0 0 0 0 0 0 0 Nora Anderson Head of School 162951 0 0 0 0 0 11564 0 22500 0 197015 0 0 0 A Colorado Educational and Cultural Facilities Authority 840896727 999999999 2014-02-05 12000000 To refinance borrower debt from FJC and The Conduit Foundation 0 0 0 A 12000000 239000 11761000 2021 0 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 M&T Trust Company 7.000000000000 0 0 0 0 0 A 0 Conduit Foundation To purchase the campus at 270 Lake Ave X 11980000 3239000 0 1 1 3239000 NA N/A 54000 Scholarship/Financial Aid Skadden Arps A Partner of Skadden Arps is a board member. 19150 In-Kind-Legal services 0 Sky Advertising Employee of Sky Advertising is the spouse of an officer on the board 30995 Discounted services 0 X 5 118780 FMV 0 0 0 Form 990, Part VI, Section B, line 11 The audit committee reviews the form 990 and supplies its comments. Once the return is final the organization provides the governing body with a copy of the form 990 prior to it being filed with the IRS. Form 990, Part VI, Section B, line 12c The board members are required to sign the COI statement annually. Form 990, Part VI, Section B, line 15 The Finance Committee Chair and President of the School have the ability to extend the Head of School contract annually or based on a predetermined term. During the negotiation process, they consider other comparable local HOS school compensation packages when they are available. The Head of School negotiates all other highly compensated employee packages. Form 990, Part VI, Section C, line 19 The organization makes its form 990 available on guidestar.org. In addition, the governing documents, conflict of interest policy, financial statements and form 990 are available upon request. Form 990, Part XII, Line 2C Carmel Academy has an audit committee that assumes the responsibility for overseeing the audit. This process has not changed from previous years.