2016-05-04T14:10:57-05:00 2015-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2014-07-01 131635261 TREVOR DAY SCHOOL TREV 2124263300 312 EAST 95TH STREET NEW YORK NY 10128 STEVEN DUDLEY CFO 2124263300 2016-05-03 1 AARON SHAPIRO P01333816 2128674000 2014 2016-08-17 19:52:53Z X STEVEN DUDLEY 312 EAST 95TH STREET NEW YORK NY 10128 79292889 0 X WWW.TREVOR.ORG X 1932 NY TO OPERATE AN INDEPENDENT DAY SCHOOL FOR NURSERY THROUGH 12TH GRADE. 21 18 340 142 0 0 4839403 6926344 32906339 33998154 229658 13907153 287361 197203 38262761 55028854 4894029 4900673 0 0 21109358 21284290 153192 113373 1029467 8483297 9620219 34639876 35918555 3622885 19110299 176258387 181945302 103734158 92396208 72524229 89549094 X TREVOR DAY SCHOOL BUILDS AN ACTIVITY-BASED SETTING TO EDUCATE EACH STUDENT FOR ACADEMIC EXCELLENCE AND PERSONAL INTEGRITY IN A DIVERSE CO-EDUCATIONAL COMMUNITY THAT EMPHASIZES RESPONSIBILITY, STIMULATES COLLABORATION, AND PROMOTES MUTUAL RESPECT. IN 2015, THE SCHOOL SERVED 803 STUDENTS ON ITS THREE CAMPUSES - THE EARLY CHILDHOOD DIVISION AT 11 EAST 89TH STREET, THE ELEMENTARY DIVSION AT 4 EAST 90TH STREET, AND THE MIDDLE AND HIGH SCHOOL DIVSIONS AT 1 WEST 88TH STREET. 0 0 28065044 4900673 33998154 PROVIDED EDUCATION IN AN ACTIVITY-BASED SETTING IN ORDER TO EDUCATE EACH STUDENT FOR ACADEMIC EXCELLENCE AND PERSONAL INTEGRITY IN A DIVERSE CO-EDUCATIONAL COMMUNITY THAT EMPHASIZES RESPONSIBILITY, STIMULATES COLLABORATION, AND PROMOTES MUTUAL RESPECT. IN 2015 THE SCHOOL SERVED 803 STUDENTS ON ITS TWO CAMPUSES. 28065044 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 118 0 340 1 0 0 0 0 0 1 1 0 0 0 0 X 21 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X STEVEN DUDLEY 2124263331 312 EAST 95TH STREET NEW YORK NY 10128 X SALLY A ROCKER PRESIDENT 10.00 X X 0 0 0 MARYKAY COYLE VICE-PRESIDENT 2.00 X X 0 0 0 ANDREW GORDON TREASURER 2.00 X X 0 0 0 RAYMOND J IWANOWSKI SECRETARY 2.00 X X 0 0 0 SCOTT R REISINGER HEAD OF SCHOOL 40.00 X X 260642 0 38547 GEORGE C BIDDLE TRUSTEE 2.00 X 0 0 0 DAVID MORGAN TRUSTEE 2.00 X 0 0 0 ANNA V RAYTCHEVA TRUSTEE 2.00 X 0 0 0 DERRICK CEPHAS TRUSTEE 2.00 X 0 0 0 ERIC A COLE TRUSTEE 2.00 X 0 0 0 JOSEPH GROMEK TRUSTEE 2.00 X 0 0 0 ANNE HAUBENSTRICKER TRUSTEE 2.00 X 0 0 0 DAVID S NELSON TRUSTEE 2.00 X 0 0 0 ANN O'CONNOR TRUSTEE 2.00 X 0 0 0 OLAF OLAFSSON TRUSTEE 2.00 X 0 0 0 LAUREL S SKARBINSKI TRUSTEE 2.00 X 0 0 0 ALEXIS STRONGIN TRUSTEE 2.00 X 0 0 0 ELIZABETH WEISS TRUSTEE 2.00 X 0 0 0 PAUL HARMAN TRUSTEE 2.00 X 0 0 0 ALEXIS CRESPIN TRUSTEE 2.00 X 0 0 0 ZEAD RAMADAN TRUSTEE 2.00 X 0 0 0 STEVEN DUDLEY CFO 40.00 X 131869 0 35157 DANIEL FEIGIN HS & MS DIRECTOR 40.00 X 211874 0 35180 LISA ALBERTI ELEMENTARY SCHOOL DIRECTOR 40.00 X 200795 0 30631 LISA LANZI DIRECTOR OF OPERATIONS 40.00 X 147097 0 19888 PATRICIA PARK DIRECTOR OF DEVELOPMENT 40.00 X 142038 0 19480 CRAIG STOLZBERG DIRECTOR OF ATHLETICS 40.00 X 137106 0 17319 KATHLEEN ROBERTS DIRECTOR OF HS COUNSELING 40.00 X 125930 0 21623 STEVEN SCHECHTER DIRECTOR OF IT 40.00 X 124151 0 26328 PAMELA J CLARKE HEAD OF SCHOOL 40.00 X 1138968 0 180525 WILLIAM F TRUFFA CFO 40.00 X 130933 0 0 2751403 0 424678 35 1 1 0 JT MAGEN 44 WEST 28TH STREET NEW YORK NY 10011 CONSTRUCTION 22660476 QWEST CONTRACTING CORP 153 WEST 27TH STREET NEW YORK NY 10001 CONSTRUCTION 1729136 ROGER PARTNERS 100 READE STREET NEW YORK NY 10013 ARCHITECT 697789 PETER GISOLFI ASSOCIATES LLC 566 WARBURTON AVENUE NEW YORK NY 10706 ARCHITECT 310785 VVA LLC 117 EAST 31ST STREET NEW YORK NY 10016 OWNER'S REP CONSTRUCTION 203026 7 391126 505506 6029712 6926344 TUITION & FEES 611600 33044139 33044139 AUXILIARY 611600 853310 853310 EDUCATION AND GENERAL 611600 100705 100705 33998154 300918 300918 58400 58400 0 20519815 17057450 20205226 3765804 314589 13291646 13606235 13606235 387523 391126 234605 152918 152918 OTHER INCOME 900099 44285 44285 44285 55028854 33998154 0 14104356 4900673 4900673 1401393 1181935 171531 47927 15874771 12085833 3113392 675546 755697 600682 128134 26881 2018788 1714539 251670 52579 1233641 976346 205360 51935 91905 91905 49450 49450 113373 113373 838946 555254 283692 1368052 525776 805059 37217 151062 151062 1797252 1370452 408243 18557 378404 341043 36248 1113 16981 16581 400 210989 170684 40305 2680884 2064281 616603 359084 359084 FOOD 361082 361082 PROFESSIONAL DEV. 211345 211345 ALTERNATIVE EDUCATION 180498 180498 BAD DEBT 60409 60409 863876 656978 202559 4339 35918555 28065044 6824044 1029467 876 1154 47759801 30860607 3000000 253889 427514 122818 128496 140022120 10455578 109884964 129566542 15210901 14059923 3025138 3901066 176258387 181945302 9934462 3999983 11508761 12567703 65500000 65500000 12500000 4545454 4290935 5783068 103734158 92396208 X 56908728 74437195 6145484 5279911 9470017 9831988 72524229 89549094 176258387 181945302 X 19110299 -593301 -1492133 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19324650 361971 -53980 665539 18967102 16656037 295679 2372934 19324650 12883896 2917770 1298314 236414 16656037 17370781 150907 -387792 12883896 14987100 165623 2218058 17370781 0.21790 0.51840 0.26370 0 0 23327272 23327272 112966975 10424512 102542463 3727873 31066 3696807 129566542 SWAP PAYABLE 5783068 5783068 X 49827885 -593301 293005 -300296 50128181 4900673 4900673 55028854 32803020 1785138 1785138 31017882 4900673 4900673 35918555 PART V, LINE 4: FACULTY SUPPORT, FINANCIAL AID AND OTHER SCHOOL PROGRAMS. PART X, LINE 2: THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2012 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENT 234,605. RENT EXPENSE 58,400. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,900,673. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENT 234,605. RENT EXPENSE 58,400. CHANGE IN VALUE OF SWAP AGREEMENT 1,492,133. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,900,673. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 FULL PAGE ADVERTISEMENT IS TAKEN OUT ANNUALY IN METRO NEW YORK BY ISAAGNY (INDEPENDENT SCHOOLS ADMISSIONS ASSOCIATION OF GREATER NEW YORK). TREVOR DAY SCHOOL IS A MEMBER OF ISAAGNY AND NAMED IN THE ADVERTISEMENT. SCHEDULE E, PART I, LINE 6 MANDATED SERVICES PAYMENTS FROM NYS BOARD OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN - INVESTMENTS 2010950 CENTRAL AMERICA AND THE CARIBBEAN - INVESTMENTS 1046040 CENTRAL AMERICA AND THE CARIBBEAN - INVESTMENTS 280000 CENTRAL AMERICA AND THE CARIBBEAN - INVESTMENTS 280000 CENTRAL AMERICA AND THE CARIBBEAN - INVESTMENTS 280000 0 0 0 0 0 0 3896990 0 3896990 0 0 1 0 0 0 X X X X X X 1 LISA J KASSEL 350 CENTRAL PARK WEST NEW YORK NY 10025 GENERAL DONOR CULTIVATION 0 0 92320 0 WASHBOURN CARMICHEAL 131 MYSTIC DRIVE OSSINING NY 10562 FUNDRAISING COUNSEL 0 0 21053 0 113373 NY FALL FESTIVAL 778649 391126 387523 145229 35284 54092 778649 391126 387523 145229 35284 54092 234605 152918 1 FINANCIAL AID 148 4900673 FINANCIAL AID GIVEN TO 148 STUDENTS. PART 1 LINE 1 FINANCIAL AID IS PROVIDED TO QUALIFIED FAMILIES THAT ARE UNABLE TO PAY FULL TUITION. AWARDS ARE BASED ON A PERCENTAGE OF TUITION. CONSEQUENTLY, THE AMOUNT OF FINANCIAL AID GIVEN EACH YEAR CAN VARY A LOT. IN ORDER TO QUALIFY FOR FINANCIAL AID, A FAMILY MUST SUBMIT AN ANNUAL PERSONAL FINANCIAL STATEMENT TO SCHOOL AND STUDENT SERVICES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, WHICH TREVOR DAY SCHOOL USES TO DETERMINE EACH INDIVIDUAL'S AID. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 SCOTT R REISINGER HEAD OF SCHOOL 238765 0 0 0 21877 0 28146 0 10401 0 299189 0 0 0 STEVEN DUDLEY CFO 131869 0 0 0 0 0 15672 0 19485 0 167026 0 0 0 DANIEL FEIGIN HS & MS DIRECTOR 211874 0 0 0 0 0 13572 0 21608 0 247054 0 0 0 LISA ALBERTI ELEMENTARY SCHOOL DIRECTOR 200795 0 0 0 0 0 13867 0 16764 0 231426 0 0 0 LISA LANZI DIRECTOR OF OPERATIONS 147097 0 0 0 0 0 9004 0 10884 0 166985 0 0 0 PATRICIA PARK DIRECTOR OF DEVELOPMENT 142038 0 0 0 0 0 6110 0 13370 0 161518 0 0 0 CRAIG STOLZBERG DIRECTOR OF ATHLETICS 137106 0 0 0 0 0 8938 0 8381 0 154425 0 0 0 STEVEN SCHECHTER DIRECTOR OF IT 124151 0 0 0 0 0 8201 0 18127 0 150479 0 0 0 PAMELA J CLARKE HEAD OF SCHOOL 1138968 0 0 0 0 0 180525 0 0 0 1319493 0 543703 0 WILLIAM F TRUFFA CFO 130933 0 0 0 0 0 0 0 0 0 130933 0 0 0 PART I, LINE 1A SCOTT REISINGER RECEIVED EMPLOYER-PROVIDED HOUSING IN THE AMOUNT OF $46,879. THE VALUE OF THE HOUSING WAS TAXABLE. A DORMITORY AUTHORITY - STATE OF NEW YORK 146000293 2011-07-29 65500000 PART VI 0 0 0 A 65563511 1025459 1310000 38228052 25000000 2014 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 1 1 1 SEE PART VI 0 0 0 0 0 A 0 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: DORMITORY AUTHORITY - STATE OF NEW YORK DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2014 NOTE REGARDING THE REBATE COMPUTATION: SINCE THE BOND PROCEEDS HAVE BEEN SPENT AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. PART I, LINE A, COLUMN (F) CONSTRUCT FACILITY & REFUND TAXABLE LOAN PART II, LINE 3 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. PART IV, COLUMN A, LINE 4B SWAP 1: RBS CITIZENS, N.A., SWAP 2: RBS CITIZENS, N.A., SWAP 3: CITIZENS BANK OF PENNSYLVANIA, SWAP 4: CITIZENS BANK OF PENNSYLVANIA PART IV, COLUMN A, LINE 4C SWAP 1: 7.0, SWAP 2: 2.9, SWAP 3: 14.1, SWAP 4: 10.0 FRIENDS OF TREVOR DAY LLC ENTITY CONTROLLED BY TRUSTEES OPERATIONS X 12500000 4545454 0 1 1 4545454 PART II JOSEPH GROMEK AND REY IWANAWSKI ARE PARTNERS OF FRIENDS OF TREVOR DAY, LLC. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS DISTRIBUTED TO THE FULL BOARD WITH THE EXCEPTION OF SCHEDULE B, IN CONFORMITY WITH THE BOARD'S DESIRE TO MAINTAIN THE CONFIDENTIALITY OF THE INFORMATION CONTAINED THEREIN. THE FULL BOARD IS GIVEN THE OPTION OF RECEIVING THIS INFORMATION, UPON THEIR REQUEST. EACH TRUSTEE REVIEWED A DRAFT OF THE 990 FOR COMMENTS. THESE COMMENTS ARE REVIEWED AND ACTED ON PRIOR TO FINAL SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C REVIEW OF POTENTIAL OR ACTUAL CONFLICT: THE COMMITTEE ON TRUSTEES SHALL REVIEW INITIALLY AND ANNUALLY ALL TRANSACTIONS THAT MAY ARISE OR DO EXIST BETWEEN THE SCHOOL AND INDIVIDUALS WITH ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. NO OFFICER OF THE SCHOOL OR MEMBER OF THE BOARD OF TRUSTEES WHO HAS SUCH AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST SHALL PARTICIPATE IN THE COMMITTEE'S REVIEW OF ANY SUCH TRANSACTION. THE COMMITTEE ON TRUSTEES SHALL TRANSMIT ITS RECOMMENDATIONS CONCERNING THE APPROPRIATENESS OF ANY SUCH TRANSACTIONS TO THE FULL BOARD OF TRUSTEES, WHICH SHALL DETERMINE WHETHER OR NOT TO PROCEED WITH SUCH TRANSACTION. DISCLOSURE: UPON ADOPTION OF THIS CONFLICT OF INTEREST POLICY, ALL OFFICERS AND TRUSTEES SHALL COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM PRIOR TO THEIR FURTHER PARTICIPATION IN THE AFFAIRS OF THE SCHOOL. SUBSEQUENTLY ELECTED TRUSTEES AND OFFICERS SUBSEQUENTLY APPOINTED SHALL COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM PRIOR TO THEIR FIRST PARTICIPATION IN THE AFFAIRS OF THE SCHOOL. DISCLOSURE FORMS SHALL BE UPDATED ANNUALLY, OR SOONER, IF CHANGED CIRCUMSTANCES REQUIRE DISCLOSURE. IN ADDITION, PERSONS SUBJECT TO THIS POLICY ARE EXPECTED TO UPDATE THE DISCLOSURE FORM AT ANY TIME DURING THE YEAR THAT THE INFORMATION REQUESTED ON THE FORM CHANGES. DISCLOSURES SHOULD BE SUBMITTED TO THE CHAIR, COMMITTEE ON TRUSTEES, WHO WILL BE THE CONFLICT OF INTEREST OFFICER, AND WILL ADMINISTER THIS POLICY. ACTUAL OR POTENTIAL CONFLICTS OF A MATERIAL NATURE SHALL BE REPORTED TO THE BUSINESS OFFICE OF THE SCHOOL. THE CHAIR OF THE COMMITTEE OF TRUSTEES IS CHARGED WITH ADMINISTERING ANY CONFLICTS OF INTEREST WHICH ARISE FROM THE BOARD FILLING OUT THE DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE HEAD OF SCHOOL IS BASED ON FOUR YEAR EMPLOYMENT CONTRACT, EFFECTIVE JULY 2014, AND RUNNING THROUGH JUNE 30, 2018 THE SALARY IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD, SUBJECT TO FULL BOARD APPROVAL, AFTER RESEARCHING COMPARATIVE DATA OF HEADS OF SCHOOLS COMPENSATION AS PREPARED BY INDUSTRY ASSOCIATIONS SUCH AS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS). THE SALARY OF THE HEAD IS FURTHER REVIEWED FORMALLY, ON A YEAR TO YEAR BASIS, ON THE BASIS OF THE BOARD'S EXPECTATIONS AND OVERALL PERFORMANCE OF THE HEAD. COMPENSATION OF ALL OTHER OFFICERS IS DETERMINED BY THE BOARD BASED ON COMPARATIVE DATA FOR THE SAME POSITION WITHIN SIMILAR ORGANIZATIONS. DATA FROM THE NEW YORK STATE ASSOCIATION OF INDEPENDENT SCHOOLS (NYSAIS) AND THE SERVICES OF EXECUTIVE COMPENSATION CONCEPTS LTD ARE USED. FORM 990, PART VI, SECTION C, LINE 19 TREVOR DAY SCHOOL DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A: PAMELA J. CLARKE IS THE FORMER HEAD OF SCHOOL. HER COMPENSATION INCLUDES A SEVERANCE PACKAGE, AS WELL AS A 457(F) DISTRIBUTION OF $721,228. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SWAP AGREEMENT -1,492,133. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.