2017-01-23T10:47:30-06:00 2015-06-30 271728945 PKF O'CONNOR DAVIES LLP 15 ESSEX RD PARAMUS NJ 076521412 990 2014-07-01 061803490 CHRIST THE KING PREPARATORY SCHOOL CHRI 9734830033 239 WOODSIDE AVENUE NEWARK NJ 07104 FR ROBERT SANDOZ PRESIDENT 9734830033 2016-11-03 1 BRIAN M FLYNN P00739850 2017129800 2014 2021-01-29 14:40:06Z FR ROBERT SANDOZ 239 WOODSIDE AVE NEWARK NJ 07104 3320776 0 X WWW.CTKPREP.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). 23 23 56 30 0 0 962179 1224040 1729964 1882894 9311 2084 149114 152959 2850568 3261977 245404 275215 0 0 1739978 1961898 0 0 181731 895066 1063694 2880448 3300807 -29880 -38830 623964 553155 1366681 1344540 -742717 -791385 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 2926817 275215 2006133 PROVIDE AN AFFORDABLE ALTERNATIVE FOR ECONOMICALLY DISADVANTAGED URBAN FAMILIES WHO WANT THEIR CHILDREN TO ATTEND A SMALL, CATHOLIC, CO-EDUCATIONAL, COLLEGE PREPARATORY SECONDARY SCHOOL, WITH A STUDENT BODY OF 260. 2926817 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 56 1 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X X CHRIS PATAREK 9734830033 239 WOODSIDE AVE NEWARK NJ 07104 X X FR ROBERT SANDOZ PRESIDENT 40.00 X X 0 0 0 JUNE M INDERWIES CHAIR 2.00 X X 0 0 0 SISTER NANCY GRASSIA OSF SECRETARY 2.00 X X 0 0 0 JACK BRENNAN MEMBER 2.00 X 0 0 0 THOMAS CARVER MEMBER 2.00 X 0 0 0 JUDGE JOHN J GIBBONS MEMBER 2.00 X 0 0 0 ARTHUR N MARTIN JRESQ MEMBER 2.00 X 0 0 0 PATRICK W MCGOVERN ESQ MEMBER 2.00 X 0 0 0 ALBERT TOBIA MEMBER 2.00 X 0 0 0 JOHN B WILSON MEMBER 2.00 X 0 0 0 RICHARD FONTE MEMBER 2.00 X 0 0 0 MATHEW R GLOWSKI MEMBER 2.00 X 0 0 0 SR GLORIA O'BRIEN MEMBER 2.00 X 0 0 0 BROTHER DANIEL O'RIORDAN FMS MEMBER 2.00 X 0 0 0 EDWARD J WATERFIELD MEMBER 2.00 X 0 0 0 BOBET BENNETT-MARSHALL MEMBER 2.00 X 0 0 0 MONIQUE MCKEON MEMBER 2.00 X 0 0 0 MONICA OLIVER MEMBER 2.00 X 0 0 0 SRTERESA BRUNO MEMBER 2.00 X 0 0 0 ANTHONY BASTARDI MEMBER 2.00 X 0 0 0 TAMMY SMITH MEMBER 2.00 X 0 0 0 THOMAS HART MEMBER 2.00 X 0 0 0 ELIZABETH BUTLER MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 MASCHIO'S FOOD SERVICES 525 E MAIN STREET CHESTER NJ 07920 CAFETERIA SERVICE 100461 1 214659 1009381 1224040 CORPORATE INTERNSHIP P 611710 1107300 1107300 TUITION AND FEES 611710 775594 775594 1882894 2084 2084 58799 214659 58799 0 13427 0 13427 13427 CAFETERIA 900099 123239 123239 OTHER REVENUE 900099 9583 9583 FEE INCOME 900099 6710 6710 139532 3261977 2006133 0 31804 275215 275215 1518198 1276995 108777 132426 309675 261702 19076 28897 134025 113263 8256 12506 26499 26499 18724 17881 335 508 1606 1606 120163 110619 2150 7394 202 202 92647 92647 47599 34089 13510 3199 3199 8649 8649 30582 30582 31792 31792 STIPENDS 263247 263247 MAINTENANCE AND REPAIR 143379 143379 STUDENT ACTIVITIES 113904 113904 CAFETERIA 101517 101517 59985 59985 3300807 2926817 192259 181731 2500 2500 137700 58095 67440 89750 75228 63352 2608 10150 617316 379689 255690 237627 82798 91681 623964 553155 779933 952123 272238 77907 314510 314510 1366681 1344540 X -985803 -1139210 163854 274679 79232 73146 -742717 -791385 623964 553155 -38830 -2336 -7502 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 71112 2034 73146 70000 1112 8120 8120 71112 70000 70000 1.00000 0 0 218661 57803 160858 108764 98045 10719 289891 223841 66050 237627 OTHER RECEIVABLES 11455 ASSETS HELD BY COMMUNITY FOUNDATION OF NEW JERSEY 80226 91681 X 3224426 -2336 240000 237664 2986762 275215 275215 3261977 3265592 240000 240000 3025592 275215 275215 3300807 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 IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. 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 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 275,215. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 275,215. 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. 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. 2014 GALA 204534 172958 31576 30576 CASINO NIGHT 2015 55539 35054 20485 1075 10720 7190 3 13385 6647 6738 9238 273458 214659 58799 1075 10720 47004 58799 0 0 SCHOLARSHIP 174 275215 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 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 VICAR 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 ANNUALLY 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 11 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). FORM 990, PART VI, SECTION C, LINE 19 CHRIST THE KING PREPARATORY SCHOOL MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON REQUEST. IT IS ALSO AVAILABLE ON A WEBSITE CALLED WWW.GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION 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) 170(B)(1)(A)(I) N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1