2017-05-12T12:18:44-05:00 2016-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2015-07-01 113752853 GRACE CHURCH SCHOOL GRAC 2124755609 86 FOURTH AVENUE NEW YORK NY 100035232 CPA CFO 2124755609 2017-05-12 1 ROBERT LYONS CPA P00227472 2125038800 2015 2021-01-29 14:40:06Z FRANK KAMENAR 86 FOURTH AVENUE NEW YORK NY 100035232 45770290 0 X WWW.GCSCHOOL.ORG X 2005 NY TO PROVIDE EXEMPLARY EDUCATION FOR CHILDREN REFLECTING ETHNIC, RELIGIOUS AND ECONOMIC DIVERSITY. 28 28 337 300 0 0 6448226 6726072 25855533 30993777 1000445 964307 478595 384216 33782799 39068372 5673428 7361840 0 0 18274533 20986594 0 0 673582 11451531 11248169 35399492 39596603 -1616693 -528231 101182841 100349531 63066254 66242847 38116587 34106684 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 36518210 7361840 30993777 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 2015-16 THE SCHOOL SERVED APPROXIMATELY 725 STUDENTS ON TWO CAMPUSES, THE EARLY CHILDHOOD AND ELEMENTARY DIVISIONS AT 86 FOURTH AVE, AND THE HIGH SCHOOL DIVISION AT 46 COOPER SQUARE. 36518210 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 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 45 0 337 1 0 0 0 0 0 1 1 0 0 0 0 X 28 28 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 LESLIE ABBEY TRUSTEE 1.00 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 JANE HOFFMAN TRUSTEE 1.00 X 0 0 0 PABLO LEGORRETA TRUSTEE 1.00 X 0 0 0 PAULA MADOFF 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 SANFORD M PELZ 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 DOUGLAS SKRYPEK 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 519606 0 78804 FRANK KAMENAR CFO 40.00 X 242719 0 54013 CAROL COLLET ASSISTANT HEAD OF SCHOOL 40.00 X 213493 0 40013 HUGO MAHABIR HEAD HIGH SCHOOL DIVISION 40.00 X 205218 0 36335 BARBARA HANEY HEAD OF LOWER SCHOOL 40.00 X 197646 0 24812 JOYCE KUH DIRECTOR OF DEVELOPMENT 40.00 X 194417 0 37489 MELANIE CHOUKRANE DIRECTOR OF COLLEGE COUNSELING 40.00 X 191808 0 14425 CHERYL KELLY HEAD OF EARLY CHILDHOOD 40.00 X 175182 0 55870 1940089 0 341761 43 0 1 0 FLIK PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 564846 MURPHY BURNHAM & BUTTRICK ARCHITECTS 48 WEST 37TH STREET 14TH FLOOR NEW YORK NY 10018 HIGH SCHOOL CONSTRUCTION 246850 CITY ELEVATOR 1384 BROADWAY NEW YORK NY NY 10018 ELEVATOR REPAIR 235203 SUNSHINE BUS TRANSPORTATION INC 4809 AVENUE N SUITE 194 BROOKLYN NY 11234 BUS TRANSPORTATION 178766 C&D RESTORATION INC 2017 47TH STREET NORTH BERGEN NJ 07047 ARCHITECTURAL SERV. 163706 8 760596 577869 5387607 461786 6726072 TUITION AND TRIP FEES 611710 30422942 30422942 ANCILLARY REVENUE 611710 376985 376985 FORFEITED TUITION & OTHER FEES 611710 152750 152750 APPLICATION FEES 611710 41100 41100 30993777 644539 644539 6900464 6580696 319768 319768 319768 121222 760596 121222 0 MISCELLANEOUS INCOME 900099 384216 384216 384216 39068372 30993777 0 1348523 7361840 7361840 1139320 253011 832417 53892 16033676 14748460 980126 305090 1023801 972042 33993 17766 1677622 1524509 122375 30738 1112175 984512 106067 21596 33622 33622 577754 504846 67382 5526 1239970 1174428 37153 28389 3540799 3508671 25200 6928 493241 493241 226634 225224 1410 1056109 1026671 23090 6348 2333421 2211149 95904 26368 288201 274451 9635 4115 FOOD COSTS 786629 719999 32153 34477 MISCELLANEOUS 353620 307065 2402 44153 PRINTING AND PUB. 124343 40371 1113 82859 STAFF REC. AND DEV. 95206 94077 695 434 98620 93643 74 4903 39596603 36518210 2404811 673582 15890498 15665120 6691190 6790131 430937 554317 383169 943201 61319802 19811289 42400746 41508513 30726578 29933130 3728090 4055737 931633 899382 101182841 100349531 2514425 2680730 13819146 14508117 39705140 40000000 330736 230347 6696807 8823653 63066254 66242847 X 17723475 12768214 4762248 4947010 15630864 16391460 38116587 34106684 101182841 100349531 X -528231 -1271825 -2209847 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33196661 1156655 -405440 810600 452025 32685251 31900149 1243614 936898 567500 316500 33196661 27412038 1217414 4035697 482000 283000 31900149 24417754 804369 2865915 419100 256900 27412038 23908308 811989 383457 411600 274400 24417754 0.50460 0.49540 0 0 1000000 1000000 35801515 13510535 22290980 17228216 1403276 15824940 6272733 4897478 1375255 1017338 1017338 41508513 DEFERRED RENT 8823653 8823653 X 30434707 -1271825 -1271825 31706532 7361840 7361840 39068372 32234763 0 32234763 7361840 7361840 39596603 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, 2016, 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 7,361,840. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,361,840. 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. GALA 881818 760596 121222 50200 3607 67415 881818 760596 121222 50200 3607 67415 121222 0 1 STUDENT FINANCIAL AID 217 7361840 PART I, LINE 2: THE SCHOOL GRANTED NEEDS-BASED FINANCIAL AID TO 217 STUDENTS DURING THE YEAR ENDED JUNE 30, 2016. 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 519606 0 0 0 0 0 46035 0 32769 0 598410 0 0 0 FRANK KAMENAR CFO 242719 0 0 0 0 0 31719 0 22294 0 296732 0 0 0 CAROL COLLET ASSISTANT HEAD OF SCHOOL 213493 0 0 0 0 0 26737 0 13276 0 253506 0 0 0 HUGO MAHABIR HEAD HIGH SCHOOL DIVISION 205218 0 0 0 0 0 10518 0 25817 0 241553 0 0 0 BARBARA HANEY HEAD OF LOWER SCHOOL 197646 0 0 0 0 0 24150 0 662 0 222458 0 0 0 JOYCE KUH DIRECTOR OF DEVELOPMENT 194417 0 0 0 0 0 24613 0 12876 0 231906 0 0 0 MELANIE CHOUKRANE DIRECTOR OF COLLEGE COUNSELING 191808 0 0 0 0 0 5776 0 8649 0 206233 0 0 0 CHERYL KELLY HEAD OF EARLY CHILDHOOD 175182 0 0 0 0 0 24651 0 31219 0 231052 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 40000000 3505586 253303 572486 5977293 33196917 2014 1 0 0 1 A 0 1 1 1 0 0.00500 0.00500 0 0 1 A 0 1 1 0 1 0 0 0 1 A 1 X 34 461786 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 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: LOSS ON UNCOLLECTIBLE ACCOUNTS -83,000. OCCUPANCY EXPENSES IN EXCESS OF LEASE PAYMENTS -2,126,847. PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR.