2016-05-10T06:33:32-05:00 2015-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2014-07-01 131635286 THE SPENCE SCHOOL % ELYSE WATERHOUSE SPEN 6469436822 22 EAST 91ST STREET NEW YORK NY 10128 ELYSE WATERHOUSE DIRECTOR OF FINANCE AND OPERATIONS 6469436822 2016-05-15 true JULIE FLOCH P00736879 2129498700 2014 2016-08-17 19:52:53Z ELLANOR BRIZENDINE 22 EAST 91ST STREET NEW YORK NY 10128 52472087 false X WWW.SPENCESCHOOL.ORG X 1928 NY TO PREPARE A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE. 26 26 355 200 348048 256367 8300116 11655243 30687452 32517177 5585723 2411341 550213 562846 45123504 47146607 4474916 4559711 0 0 23904696 25500288 0 0 1779394 13932563 14185571 42312175 44245570 2811329 2901037 301732579 307085081 27538102 30694792 274194477 276390289 WITH A COMMITMENT TO ACADEMIC EXCELLENCE AND PERSONAL INTEGRITY, THE SPENCE SCHOOL PREPARES A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE. false false 37516597 4559711 32517177 THE SPENCE SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL FOR GIRLS IN GRADES KINDERGARTEN THROUGH 12. 37516597 true true false false false false false false false true true true false false false true true false true false true false false false false false false false true true true false false false false false true false false false true true false false false false false false false false true 102 0 true 355 true true true CJ VI false false false false false false false false X 26 26 false false false false false false false true true false false true true true true true true true true false X ELYSE WATERHOUSE 6469436822 22 EAST 91ST STREET NEW YORK NY 10128 WILLIAM A JACOB III PRESIDENT 10.0 0.0 X X 0 0 0 BETSY PITTS VICE PRESIDENT 2.0 0.0 X X 0 0 0 LYON POLK VICE PRESIDENT 2.0 0.0 X X 0 0 0 FRANKLIN SPEYER VICE PRESIDENT 2.0 0.0 X X 0 0 0 LAURIE MANDELBAUM SECRETARY 2.0 0.0 X X 0 0 0 ANYA HERZ SHIVA PRESIDENT OF THE ALUMNAE ASSOC 2.0 0.0 X X 0 0 0 MICHELLE HOCK PRESIDENT OF PARENT ASSOC 2.0 0.0 X X 0 0 0 GABRIELA P BARON TRUSTEE 2.0 0.0 X 0 0 0 GEORGE R BASON JR TRUSTEE 2.0 0.0 X 0 0 0 NORM CHAMP TRUSTEE (as of 3/11/15) 2.0 0.0 X 0 0 0 MICHAEL CLIFFORD TRUSTEE (as of 12/2/14) 2.0 0.0 X 0 0 0 ANAND DESAI TRUSTEE 2.0 0.0 X 0 0 0 REBECCA DANZINGER GAMZON TRUSTEE 2.0 0.0 X 0 0 0 AMY GRIFFIN TRUSTEE 2.0 0.0 X 0 0 0 EMILIO HARRIS TRUSTEE 2.0 0.0 X 0 0 0 JENNIFER HOINE TRUSTEE 2.0 0.0 X 0 0 0 ROBBIE HUFFINES TRUSTEE 2.0 0.0 X 0 0 0 SONNY KALSI TRUSTEE 2.0 0.0 X 0 0 0 ADAM KLEIN TRUSTEE 2.0 0.0 X 0 0 0 KIMBERLY KRAVIS TRUSTEE 2.0 0.0 X 0 0 0 ROBERT N LAUDER TRUSTEE 2.0 0.0 X 0 0 0 SCOTT C NUTTALL TRUSTEE 2.0 0.0 X 0 0 0 RICHARD OLCOTT TRUSTEE 2.0 0.0 X 0 0 0 SHEILA ROBINSON TRUSTEE 2.0 0.0 X 0 0 0 THEODORE T WANG TRUSTEE 2.0 0.0 X 0 0 0 RAVI P YADAV TRUSTEE 2.0 0.0 X 0 0 0 ELLANOR N BRIZENDINE HEAD OF SCHOOL 40.0 0.0 X 642774 0 51566 ELYSE WATERHOUSE DIRECTOR FINANCE & OPERATIONS 40.0 0.0 X 347788 0 33889 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 40.0 0.0 X 211089 0 30669 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 40.0 0.0 X 212941 0 30669 MICHELE KRAUTHAMER HEAD OF UPPER SCHOOL 40.0 0.0 X 187861 0 30380 DOUG BROPHY ACADEMIC DEAN 40.0 0.0 X 238770 0 31885 CHRISTOPHER YORK INFORMATION SYSTEMS MANAGER 40.0 0.0 X 218233 0 30820 CARRIE HINRICHS DIRECTOR OF ADVANCEMENT 40.0 0.0 X 213214 0 29738 SUSAN PARKER DIRECTOR OF ADMISSIONS 40.0 0.0 X 167830 0 34744 DANA CROWELL DIRECTOR OF COLLEGE COUNSELING 40.0 0.0 X 163548 0 30367 2604048 0 334727 69 false true false SCHULTE ROTH ZABEL LLP 913 THIRD AVENUE NEW YORK NY 10022 LEGAL SERVICES 152345 1 115913 11539330 1369381 11655243 TUITION 611710 31446911 31446911 AFTER SCHOOL PRGM 611710 735489 735489 MUSIC PROGRAM FEES 611710 223125 223125 STUDENT FEES 611710 111652 111652 32517177 1251821 25468 1226353 0 0 562846 562846 0 562846 82846 480000 6485000 5325480 1159520 1159520 239734 919786 0 0 0 0 47146607 32517177 348048 2626139 0 4559711 4559711 0 0 1844850 1447805 397045 0 18220881 16699573 662405 858903 1288116 1192795 42224 53097 2722690 2496390 119100 107200 1423751 1302982 66339 54430 0 41233 41233 65111 65111 0 0 239331 239331 78557 78557 217181 217181 4273849 2746845 1175674 351330 294757 31785 262972 0 1634481 1307585 326896 18697 18697 0 53209 53209 397772 397772 0 5197999 4158399 1039600 317674 254139 63535 FOOD SERVICE 495325 495325 BAD DEBTS 23428 23428 CHANGE ALLOW DOUBTFUL ACCT -46912 -46912 AFTERSCHOOL PROGRAM 770054 770054 113825 113825 44245570 37516597 4949579 1779394 600 1000 31052656 39080188 26268637 24369629 531381 545917 74253 39567 0 0 17737 11806 0 0 1307706 2401182 206157902 40302997 169405999 165854905 38608167 41516195 33916030 32720970 0 0 0 0 549413 543722 301732579 307085081 1958324 1826180 0 0 11867176 15675218 13712602 13193394 0 0 0 0 0 0 0 0 0 0 27538102 30694792 X 166053306 164339038 50895609 52561685 57245562 59489566 274194477 276390289 301732579 307085081 2901037 -705225 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77638918 2407031 1332025 3070000 78307974 67391297 3426029 10117592 3296000 77638918 56330384 8365778 3181143 486008 67391297 90548045 1082091 -7765752 27534000 56330384 72670600 11260579 10389866 3773000 90548045 0.01280 0.75969 0.22751 false false 30693288 30693288 167645608 35562680 132082928 7819006 4740317 3078689 165854905 ALTERNATIVE INVESTMENTS 27929870 F 27929870 0 0 X 41559494 -705225 -705225 42264719 239331 4642557 4881888 47146607 39363682 39363682 239331 4642557 4881888 44245570 FORM 990, SCHEDULE D, PART V, LINE 4 THE SCHOOL'S ENDOWMENT CONSISTS OF BOTH INDIVIDUAL DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE ENDOWMENT FUNDS OF THE SCHOOL ARE INTENDED TO BE USED TO SUPPORT ITS LONG-TERM MISSION. FORM 990, SCHEDULE D, PART X, LINE 2 THE SCHOOL IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. FOR THE SCHOOL, THESE PROVISIONS COULD BE APPLICABLE TO THE INCURRENCE OF UNRELATED BUSINESS INCOME TAX ATTRIBUTABLE TO CERTAIN OF THE SCHOOL'S INVESTMENTS AND RENTAL INCOME ACTIVITIES. HOWEVER, DUE TO THE SCHOOL'S GENERAL TAX-EXEMPT STATUS, ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. FORM 990 XI, RECONCILATION OF REVENUE AND EXPENSES AMOUNT REPRESENTS FINANCIAL AID OF $4,559,711 AND BUILDING USE FEES OF $82,846 TOTALING $4,642,557 WHICH WERE NETTED FOR FINANCIAL REPORTING PURPOSES. true true true true true true true false false false false false false false false true false true FORM 990, SCHEDULE E, PART 1, LINE 3 THE SCHOOL PUBLICIZES ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE. FORM 990, SCHEDULE E, PART 1, LINE 6A THE SCHOOL RECEIVES AN APPROPRIATION FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR THE PERFORMANCE OF MANDATED SERVICES. Central America and the Caribbean Investments 4462893 4462893 4462893 true false false true true false FORM 990, SCHEDULE F, PART IV FORM 926: THE SCHOOL WAS A U.S. TRANSFEROR OF PROPERTY TO A FOREIGN CORPORATION DURING THE TAX YEAR, HOWEVER, THE SCHOOL DID NOT MEET THE MINIMUM FILING THRESHOLD REQUIREMENTS FOR THE FORM. FORM 8621: THE SCHOOL WAS AN INDIRECT SHAREHOLDER OF A PASSIVE FOREIGN INVESTMENT COMPANY OR QUALIFIED ELECTING FUND DURING THE YEAR, HOWEVER, THE SCHOOL DID NOT MEET THE REPORTING REQUIREMENTS FOR THIS FORM. FORM 8865: THE SCHOOL HAD AN OWNERSHIP INTEREST IN A FOREIGN PARTNERSHIP DURING THE TAX YEAR, HOWEVER THE SCHOOL DID NOT MEET THE REPORTING REQUIREMENTS FOR THIS FORM. true FINANCIAL AID PROVIDED TO STUDENTS 137 4559711 FAIR MARKET VALUE TUITION REDUCTION GRANTS AND OTHER ASSISTANCE THE SPENCE SCHOOL REQUESTS THAT FAMILIES APPLYING FOR NEED-BASED FINANCIAL AID ANNUALLY SUBMIT THE PARENTS' FINANCIAL STATEMENTS TO SCHOOL AND STUDENT SERVICES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ("NAIS"), AS WELL AS PROVIDE COPIES OF FINANCIAL INFORMATION, SUCH AS TAX RETURNS AND W-2 FORMS. ALL GRANTS OF FINANCIAL AID ARE APPLIED TO A RECIPIENTS OUTSTANDING TUITION CHARGES. X X true true X X X X false false false false false false false false false ELLANOR N BRIZENDINE HEAD OF SCHOOL 642774 0 0 0 0 0 39990 0 11576 0 694340 0 0 0 ELYSE WATERHOUSE DIRECTOR FINANCE & OPERATIONS 347788 0 0 0 0 0 22490 0 11399 0 381677 0 0 0 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 211089 0 0 0 0 0 19094 0 11575 0 241758 0 0 0 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 212941 0 0 0 0 0 19094 0 11575 0 243610 0 0 0 MICHELE KRAUTHAMER HEAD OF UPPER SCHOOL 187861 0 0 0 0 0 16339 0 14041 0 218241 0 0 0 DOUG BROPHY ACADEMIC DEAN 238770 0 0 0 0 0 20486 0 11399 0 270655 0 0 0 CHRISTOPHER YORK INFORMATION SYSTEMS MANAGER 218233 0 0 0 0 0 19421 0 11399 0 249053 0 0 0 CARRIE HINRICHS DIRECTOR OF ADVANCEMENT 213214 0 0 0 0 0 18339 0 11399 0 242952 0 0 0 SUSAN PARKER DIRECTOR OF ADMISSIONS 167830 0 0 0 0 0 15439 0 19305 0 202574 0 0 0 DANA CROWELL DIRECTOR OF COLLEGE COUNSELING 163548 0 0 0 0 0 14953 0 15414 0 193915 0 0 0 PART I LINE 1A and PART 1 LINE 4A THE SCHOOL PROVIDES HOUSING TO THE HEAD OF SCHOOL UNDER TERMS OUTLINED IN HER EMPLOYMENT AGREEMENT WITH THE SCHOOL. PERSONAL SERVICES - PERSONAL SERVICES ARE FOR HOUSEKEEPING SERVICES AT THE HEAD OF SCHOOL'S HOME. IN ADDITION, THE SCHOOL HAS A NOTE RECEIVABLE FROM THE HEAD OF SCHOOL, WHICH IS SCHEDULED TO BE FULLY REPAID IN 2016. SEE SCHEDULE L. A BUILD NYC RESOURCE CORPORATION 454040561 2013-09-25 14080000 EXPANSION/ACQUISITION OF SPACE false false false A 0 0 14080000 0 0 0 310384 0 0 0 0 0 false false true true A false false false false 0 false false false true A false false false false false false 0 false 0 A true ELLANOR BRIZENDINE HEAD OF SCHOOL HOUSING LOAN X 150000 39567 false true true 39567 X 86 1380975 FV false true true Part I line 32 The brokers hired by the School sell the donated stocks upon receipt. FORM 8868 APPLICATION FOR EXTENSION OF TIME TO FILE FOR AN EXEMPT ORGANIZATION WAS ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 11A THE FORMS 990, 990T AND CT 13 ARE DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE DISTRIBUTED ANNUALLY FOR COMPLETION TO ALL TRUSTEES AT A BOARD MEETING AND COLLECTED AT THE END OF THE MEETING. THE ASSISTANT TO THE HEAD OF SCHOOL FOLLOWS UP WITH ANY TRUSTEES WHO WERE NOT PRESENT. FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED AND APPROVED BY THE OFFICERS OF THE BOARD OF TRUSTEES BASED UPON COMPARATIVE DATA PUBLISHED BY PEER SCHOOLS. THE COMPENSATION OF THE DIRECTOR OF FINANCE AND OPERATIONS AND KEY EMPLOYEES IS REVIEWED BY THE HEAD OF SCHOOL AND THE PRESIDENT OF THE BOARD OF TRUSTEES. COMPARATIVE DATA FROM PEER SCHOOLS IS USED TO MAKE SURE COMPENSATION IS AT CURRENT MARKET RATES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THE 990 AVAILABLE TO THE PUBLIC UPON REQUEST.