CHICAGO WALDORF SCHOOL: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- CHICAGO WALDORF SCHOOL (EIN 36-6095133)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-05-16
- IRS object ID
- 201621379349304562
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-16T12:01:51-05:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 S RIVERSIDE PLAZA 9TH FLOOR | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 366095133 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHICAGO WALDORF SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHIC | BusinessNameControlTxt |
| Phone | 7734652662 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1300 WEST LOYOLA AVENUE | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60626 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LEUKOS GOODWIN | PersonNm |
| Person Title | ADMINISTRATIVE DIRECTOR | PersonTitleTxt |
| Phone | 7734652662 | PhoneNum |
| Signature | 2016-05-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KIM HAUMANN | PreparerPersonNm |
| PTIN | P01506476 | PTIN |
| Phone | 3122071040 | PhoneNum |
| Preparation | 2016-05-16 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LEUKOS GOODWIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1300 WEST LOYOLA AVENUE | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60626 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,339,016 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CHICAGOWALDORF.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1959 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | PROVIDING AND PROMOTING WALDORF EDUCATION FROM PRE-SCHOOL THROUGH THE TWELFTH GRADE AND OPERATION OF PROMOTIONAL ACTIVITIES IN THE GREATER COMMUNITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 83 | TotalEmployeeCnt |
| Total Volunteers | 250 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $637,567 | PYContributionsGrantsAmt |
| CY Contributions Grants | $736,146 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $6,462,928 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,527,169 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,284 | PYInvestmentIncomeAmt |
| CY Investment Income | $13,595 | CYInvestmentIncomeAmt |
| PY Other Revenue | $31,061 | PYOtherRevenueAmt |
| CY Other Revenue | $16,880 | CYOtherRevenueAmt |
| PY Total Revenue | $7,140,840 | PYTotalRevenueAmt |
| CY Total Revenue | $7,293,790 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,858,411 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,852,057 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,815,269 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,892,135 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $162,429 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,705,414 | PYOtherExpensesAmt |
| CY Other Expenses | $1,955,473 | CYOtherExpensesAmt |
| PY Total Expenses | $6,379,094 | PYTotalExpensesAmt |
| CY Total Expenses | $6,699,665 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $761,746 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $594,125 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,877,241 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,437,356 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,061,449 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,038,074 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,815,792 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,399,282 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDING AND PROMOTING WALDORF EDUCATION FROM PRE-SCHOOL THROUGH THE TWELFTH GRADE AND OPERATION OF PROMOTIONAL ACTIVITIES IN THE GREATER COMMUNITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $5,568,248 | ExpenseAmt |
| Grant | $1,852,057 | GrantAmt |
| Revenue | $6,527,169 | RevenueAmt |
| Desc | EDUCATIONAL PROGRAM AND SCHOOL CONSISTING OF APPROX. 355 STUDENTS, GRADES PRE-SCHOOL THROUGH TWELFTH GRADE. | Desc |
| Total Program Service Expenses | $5,568,248 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 55 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 83 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALICIA LARRIEU-WARD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7738288453 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1300 W LOYOLA | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60626 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| VALERIE COLIS | ||||||
| PRESIDENT AND CHAIR | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MIKE ROSENTHAL | ||||||
| VICE PRESIDENT & PERMANENT CAMPUS COMMITTEE CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOHN FIGIEL | ||||||
| VICE PRESIDENT & CAPITAL CAMPAIGN COMMITTE CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| KEVIN HINTON | ||||||
| TREASURER & FINANCE COMMITTEE CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SUSAN MUDD | ||||||
| SECRETARY & COMMITTEE ON TRUSTEES CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LEUKOS GOODWIN | ||||||
| ADMINISTRATIVE DIRECTOR | 40.00 | Yes (X) | Yes (X) | $69,979 | $0 | $49,875 |
| COLLEEN EVERHART-MASSE | ||||||
| COLLEGE OF TEACHERS CHAIR | 40.00 | Yes (X) | $30,436 | $0 | $8,458 | |
| CYNTHIA TREVILLION | ||||||
| FACULTY TRUSTEE | 40.00 | Yes (X) | $51,395 | $0 | $3,590 | |
| FRANCES VIG | ||||||
| FACULTY TRUSTEE | 40.00 | Yes (X) | $53,246 | $0 | $4,487 | |
| GORDON EDWARDS | ||||||
| MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| LEE BOYCE | ||||||
| MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| MEGAN CUMMINS | ||||||
| MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| KEVIN ROONEY | ||||||
| MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| FRANK VERCIGLIO | ||||||
| INCLUSION & DIVERSITY CO-CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| SHERYL WANDLER | ||||||
| PTO LIASION & DEVELOPMENT COMMITTEE CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT WILD | ||||||
| AUDIT COMMITTEE CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| DANA HEDGEDORN | ||||||
| ENROLLMENT COMMITTEE CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $205,056 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $66,410 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $452,550 | FundraisingAmt |
| All Other Contributions | $283,596 | AllOtherContributionsAmt |
| Total Contributions | $736,146 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 611710 | $6,458,421 | $6,458,421 |
| MISCELLANEOUS INCOME | 900099 | $68,038 | $68,038 |
| AUXILIARY ENTERPRISES | 900099 | $710 | $710 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,527,169 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,595 | TotalRevenueColumnAmt |
| Exclusion | $13,595 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,200 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,200 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,200 | TotalRevenueColumnAmt |
| Exclusion | $1,200 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $60,906 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $452,550 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $45,226 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,680 | TotalRevenueColumnAmt |
| Exclusion | $15,680 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,293,790 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,527,169 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $30,475 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,852,057 | TotalAmt |
| Program Services | $1,852,057 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $288,042 | TotalAmt |
| Program Services | $224,046 | ProgramServicesAmt |
| Management And General | $60,030 | ManagementAndGeneralAmt |
| Fundraising | $3,966 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,276,402 | TotalAmt |
| Program Services | $1,812,382 | ProgramServicesAmt |
| Management And General | $421,725 | ManagementAndGeneralAmt |
| Fundraising | $42,295 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $145,657 | TotalAmt |
| Program Services | $105,651 | ProgramServicesAmt |
| Management And General | $40,006 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $182,034 | TotalAmt |
| Program Services | $144,928 | ProgramServicesAmt |
| Management And General | $37,073 | ManagementAndGeneralAmt |
| Fundraising | $33 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $507 | TotalAmt |
| Management And General | $507 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,050 | TotalAmt |
| Management And General | $35,050 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,273 | TotalAmt |
| Management And General | $17,273 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,096 | TotalAmt |
| Program Services | $108,096 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,278 | TotalAmt |
| Program Services | $36,953 | ProgramServicesAmt |
| Management And General | $93,466 | ManagementAndGeneralAmt |
| Fundraising | $859 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,601 | TotalAmt |
| Management And General | $11,601 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $506,793 | TotalAmt |
| Program Services | $403,508 | ProgramServicesAmt |
| Management And General | $93,909 | ManagementAndGeneralAmt |
| Fundraising | $9,376 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,355 | TotalAmt |
| Program Services | $32,130 | ProgramServicesAmt |
| Management And General | $7,478 | ManagementAndGeneralAmt |
| Fundraising | $747 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,202 | TotalAmt |
| Program Services | $86,947 | ProgramServicesAmt |
| Management And General | $20,235 | ManagementAndGeneralAmt |
| Fundraising | $2,020 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,238 | TotalAmt |
| Program Services | $11,257 | ProgramServicesAmt |
| Management And General | $49,981 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| ACADEMIC SUPPLIES | $469,097 | $469,097 | ||
| REPAIRS AND MAINTENANCE | $148,184 | $117,984 | $27,459 | $2,741 |
| BAD DEBT EXPENSES | $115,624 | $115,624 | ||
| DEVELOPMENT EXPENSE | $100,392 | $100,392 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,783 | TotalAmt |
| Program Services | $47,588 | ProgramServicesAmt |
| Management And General | $53,195 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,699,665 | TotalAmt |
| Program Services | $5,568,248 | ProgramServicesAmt |
| Management And General | $968,988 | ManagementAndGeneralAmt |
| Fundraising | $162,429 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $772,621 | BOYAmt |
| EOY | $984,999 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,811 | BOYAmt |
| EOY | $405,469 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $548,997 | BOYAmt |
| EOY | $660,802 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $156,687 | BOYAmt |
| EOY | $52,707 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,735 | BOYAmt |
| EOY | $27,529 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,626,850 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,687,950 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $904,800 | BOYAmt |
| EOY | $938,900 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $432,590 | BOYAmt |
| EOY | $366,950 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,877,241 | BOYAmt |
| EOY | $3,437,356 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,733 | BOYAmt |
| EOY | $47,883 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $290,974 | BOYAmt |
| EOY | $318,144 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $695,742 | BOYAmt |
| EOY | $672,047 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,061,449 | BOYAmt |
| EOY | $1,038,074 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $719,622 | BOYAmt |
| EOY | $850,466 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $933,547 | BOYAmt |
| EOY | $1,427,837 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $162,623 | BOYAmt |
| EOY | $120,979 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,815,792 | BOYAmt |
| EOY | $2,399,282 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,877,241 | BOYAmt |
| EOY | $3,437,356 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $594,125 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$10,635 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $178,363 | BeginningYearBalanceAmt |
| Contributions | $505 | ContributionsAmt |
| Investment Earnings Or Losses | $105 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $178,973 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $171,263 | BeginningYearBalanceAmt |
| Contributions | $5,678 | ContributionsAmt |
| Investment Earnings Or Losses | $1,422 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $178,363 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $166,013 | BeginningYearBalanceAmt |
| Contributions | $5,140 | ContributionsAmt |
| Investment Earnings Or Losses | $110 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $171,263 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $159,021 | BeginningYearBalanceAmt |
| Contributions | $5,262 | ContributionsAmt |
| Investment Earnings Or Losses | $1,730 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $166,013 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $139,414 | BeginningYearBalanceAmt |
| Contributions | $12,234 | ContributionsAmt |
| Investment Earnings Or Losses | $7,373 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $159,021 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.67600 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.32400 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $137,000 | OtherCostOrOtherBasisAmt |
| Book Value | $137,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $840,960 | OtherCostOrOtherBasisAmt |
| Depreciation | $261,243 | DepreciationAmt |
| Book Value | $579,717 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $570,365 | OtherCostOrOtherBasisAmt |
| Depreciation | $204,828 | DepreciationAmt |
| Book Value | $365,537 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,078,525 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,221,879 | DepreciationAmt |
| Book Value | -$143,354 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $938,900 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $5,966,549 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$10,635 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$10,635 | RevenueNotReportedAmt |
| Revenue Subtotal | $5,977,184 | RevenueSubtotalAmt |
| Other Revenues Not Included | $1,316,606 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,316,606 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $7,293,790 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,383,059 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $5,383,059 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,316,606 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,316,606 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,699,665 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | FOR THE 2014 TAX YEAR, THE SCHOOL HAD THREE ENDOWMENT FUNDS: (1) THE DINAH AND VICTOR LAZAR FUND IS SPECIALLY DESIGNATED TO OFFSET TUITION ADJUSTMENTS (FINANCIAL AID); (2) THE ELIZABETH LAUDER EARLY ENDOWMENT FUND, WHICH IS DESIGNATED FOR USE FOR SUPPORT AND EXPENSES OF THE HIGH SCHOOL WOMEN'S BASKETBALL TEAM; (3) THE RUSCITTI ENDOWMENT FUND, WHICH IS DESIGNATED FOR USE IN SUPPORT OF THE SCHOOL'S ATHLETIC PROGRAM. |
| PART X, LINE 2: | ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL, AND HAS CONCLUDED THAT AS OF JUNE 30, 2015 AND 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FELLOWSHIPS 968,876. SIBLING DISCOUNTS 346,948. ANNUAL FUND EXPENSES 782. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FELLOWSHIPS 968,876. SIBLING DISCOUNTS 346,948. ANNUAL FUND EXPENSES 782. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | BROCHURE STATES: "AN INDEPENDENT CENTER OF QUALITY EDUCATION FOR CHILDREN OF ALL RACES AND CREEDS." | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | SPRING PARTY | Event1Nm |
| Gross Receipts Event1 | $473,935 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $452,550 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $21,385 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $32,364 | OtherDirectExpensesEvent1Amt |
| Event2 | HOLIDAY / MAYFAIR | Event2Nm |
| Gross Receipts Event2 | $39,521 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $39,521 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $12,862 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $513,456 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $452,550 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $60,906 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $45,226 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $45,226 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $15,680 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|
| TUITION ADJUSTMENT (FINANCIAL AID) | 117 | $870,127 | FMV | REDUCED TUITION |
| TUITION REMISSION | 39 | $536,233 | FMV | REDUCED TUITION |
| SIBLING DISCOUNTS | 107 | $346,948 | FMV | REDUCED TUITION |
| SCHOLARSHIPS | 14 | $98,749 | FMV | REDUCED TUITION |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | A FACULTY & STAFF TUITION ADJUSTMENT COMMITTEE, USING FINANCIAL DATA FROM AN OBJECTIVE OUTSIDE SOURCE, AWARDS ALL FINANCIAL AID AND SCHOLARSHIPS. GRANTS ARE NON-MONETARY, INVOLVING REDUCTION IN TUITION COST. | ExplanationTxt |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TRUSTEES | PersonNm |
| Relationship With Org | TRUSTEES AND FAMILY MEMBERS | RelationshipWithOrgTxt |
| Cash Grant | $54,376 | CashGrantAmt |
| Type Of Assistance | TUITION ADJUSTMENTS AND SCHOLARSHIPS | TypeOfAssistanceTxt |
| Assistance Purpose | TUITION ADJUSTMENTS AND SCHOLARSHIPS | AssistancePurposeTxt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE L, PART III | FormAndLineReferenceDesc |
| Explanation | FOR CONFIDENTIALITY PURPOSES THE NAMES OF INDIVIDUALS RECEIVING TUITION ADJUSTMENTS ARE NOT DISCLOSED. THE PROCESS FOR DETERMINING TUITION ADJUSTMENT IS DESCRIBED IN THE FOLLOWING PARAGRAPH AND THE PROCESS FOR DETERMINING ELIGIBILITY FOR ANY TUITION ADJUSTMENT IS THE SAME FOR TRUSTEE FAMILY MEMBERS AS IT IS FOR ANY OTHER INDIVIDUAL RECEIVING ADJUSTMENT.THE ANNUAL AMOUNT OF TUITION ADJUSTMENT IS ESTABLISHED AT APPROXIMATELY 21% OF THE TOTAL TUITION REVENUE BUDGET. THE OPPORTUNITY FOR TUITION ADJUSTMENT (REDUCTION IN TUITION AMOUNT) IS AVAILABLE TO THE FAMILIES OF ALL STUDENTS. ANY INDIVIDUALS WHO DESIRE TUITION ADJUSTMENT MUST FILE AN APPLICATION WITH AN OUTSIDE FINANCIAL AID PROGRAM VENDOR. THE PROGRAM ASSESSES INCOME, ASSETS AND DEBT, DETERMINING A FAMILY'S ABILITY TO PAY TUITION AND RECOMMENDING A TUITION ASSISTANCE AWARD. THE SCHOOL'S TUITION ADJUSTMENT COMMITTEE (COMPRISED OF STAFF & FACULTY MEMBERS) USES THIS INFORMATION TO MAKE INDIVIDUAL AWARDS BASED UPON THE DEMONSTRATED NEED OF THE FAMILY AND THE AVAILABILITY OF FUNDS FOR AWARDS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK QUESTIONS DIRECTLY TO ORGANIZATION MANAGEMENT. |
| FORM 990, PART VI, SECTION B, LINE 12C | MEETINGS ARE HELD REGULARLY AND THE CONFLICT OF INTEREST POLICY IS DISCUSSED AND ENFORCED. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE EVALUATION REVIEW AND COMPENSATION SETTING OF THE ADMINISTRATIVE DIRECTOR. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE SCHOOL'S ADMINISTRATIVE OFFICE AND ARE AVAILABLE FOR INSPECTION OR COPYING UPON REQUEST. THE INFORMATION SUMMARIZING THE FINANCIAL STATEMENT IS ALSO INCLUDED IN THE SCHOOL'S ANNUAL REPORT WHICH IS AVAILABLE ON THE SCHOOL'S WEBSITE. |
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