2016-05-13T09:00:55-05:00 2015-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2014-07-01 131623878 ALLEN-STEVENSON SCHOOL ALLE 2122886710 132 EAST 78TH STEET NEW YORK NY 10075 DAVID R TROWER HEADMASTER 2122886710 2016-05-13 1 GARRETT M HIGGINS P00543209 2122862600 2016-05-13 2014 2016-08-17 19:52:53Z DAVID R TROWER 132 EAST 78TH STEET NEW YORK NY 10075 48578651 0 X WWW.ALLEN-STEVENSON.ORG X 1904 NY TO PROVIDE CONTINUOUS EDUCATION FOR BOYS FROM KINDERGARTEN THROUGH 9TH GRADE. 24 23 228 328 8216 0 9387519 17155689 18096782 18581376 975729 4947220 114793 92890 28574823 40777175 1686199 1738880 0 0 15280530 15702303 0 231000 1464630 6178013 5479985 23144742 23152168 5430081 17625007 71244127 82088352 13916032 13744297 57328095 68344055 X ALLEN-STEVENSON'S DISTINCTIVE "ENLIGHTENED TRADITIONAL" APPROACH EDUCATES BOYS TO BECOME SCHOLARS AND GENTLEMEN. IN THE BELIEF THAT THERE ARE MANY WAYS TO BE A BOY, THE SCHOOL OFFERS AN ONGOING COMMITMENT TO EACH STUDENT AND USES THE BEST INSIGHTS AND TOOLS AVAILABLE TO UNDERSTAND HIM AS A WHOLE PERSON. WE INSPIRE IN EACH BOY AN APPRECIATION OF RESPONSIBLE CITIZENSHIP AND A LIFELONG LOVE OF LEARNING. 0 0 16059945 1616280 17056000 3 AS:ALLEN-STEVENSON'S VIGOROUS PROGRAM OF ACADEMICS, ATHLETICS AND THE ARTS ("THE 3 AS") TEACHES BOYS TO VALUE THE GRATIFYING PROCESS BY WHICH EXCELLENCE IS ATTAINED. WE CHALLENGE OUR STUDENTS TO TAKE SUITABLE RISKS, LEARN FROM THEIR MISTAKES, AND SUPPORT EACH OTHER. THE SCHOOL PROVIDED THIS PROGRAM TO 417 BOYS IN 2014 FROM KINDERGARTEN TO 9TH GRADE, WITH 144 FACULTY AND STAFF. 614139 59283 624147 AFTER SCHOOL PROGRAM (ALLIGATOR SOUP):ALLEN-STEVENSON OFFERS A WONDERFULLY DIVERSE AND ENGAGING AFTER SCHOOL PROGRAM FOR KINDERGARTEN THROUGH FOURTH GRADE. IN ADDITION, THERE IS A MIDDLE SCHOOL PROGRAM FOR BOYS IN FIFTH AND SIXTH GRADES. 464057 55154 453963 INSTRUMENTAL MUSIC PROGRAM:ALLEN-STEVENSON OFFERS A MUSIC PROGRAM THAT PROVIDES MUSIC ENRICHMENT FOR APPROXIMATELY 220 INSTRUMENTAL STUDENTS, WITH A STAFF OF 14 INSTRUMENTAL INSTRUCTORS. 131423 8163 447266 OTHER PROGRAMS:ALLEN-STEVENSON PROVIDES NUMEROUS OTHER PROGRAMS, WHICH SUPPORT AND ENHANCE THE ALLEN-STEVENSON EXPERIENCE AND COMMUNITY, AND INCLUDE BUT ARE NOT LIMITED TO: A SUMMER DAY PROGRAM, YEARBOOK, GILBERT & SULLIVAN, BIRTHDAY PARTIES, ETC. 131423 8163 447266 17269564 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 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 47 0 228 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X HYDEE BRESSLER DIRECTOR OF FINANCE 2122886710 132 EAST 78TH STEET NEW YORK NY 10075 DAVID R TROWER HEAD MASTER 50.00 X X 628118 0 117924 MARK I GREENE PRESIDENT 5.00 X X 0 0 0 RONALD S ROLFE PRESIDENT EMERITUS 5.00 X X 0 0 0 JOSHUA HARRIS VP & TREASURER 3.00 X X 0 0 0 LISA PAGLIANO SELZ SECRETARY 3.00 X X 0 0 0 DANA B COWIN TRUSTEE 1.00 X 0 0 0 ALEXANDRA WALLACE CREED TRUSTEE 1.00 X 0 0 0 PAQUITA Y DAVIS-FRIDAY TRUSTEE 1.00 X 0 0 0 KENNETH M GARSCHINA TRUSTEE 1.00 X 0 0 0 ALEXANDER G GELLERT TRUSTEE 1.00 X 0 0 0 FREDDA GOLDBERG TRUSTEE 1.00 X 0 0 0 STEPHANIE DRESCHER GORMAN TRUSTEE 1.00 X 0 0 0 GEORGE HALL TRUSTEE 1.00 X 0 0 0 PETER KELLNER TRUSTEE 1.00 X 0 0 0 MICHAEL S KLEIN TRUSTEE 1.00 X 0 0 0 DANIEL LASCANO TRUSTEE 1.00 X 0 0 0 PAUL A LEFF TRUSTEE 1.00 X 0 0 0 PABLO G LEGORRETA TRUSTEE 1.00 X 0 0 0 JAMIE MAGID TRUSTEE 1.00 X 0 0 0 METIN NEGRIN TRUSTEE 3.00 X 0 0 0 LARA OBOLER TRUSTEE 1.00 X 0 0 0 DANG T PHAN TRUSTEE 1.00 X 0 0 0 ALEXANDER ROEPERS TRUSTEE 1.00 X 0 0 0 SUELLYN PRESTON SCULL TRUSTEE 1.00 X 0 0 0 CARL HARRIS STEIN BUSINESS MANAGER THROUGH JULY 2014 50.00 X 121913 0 40366 HYDEE BASSEL DIR OF FINANCE & OPERATIONS 50.00 X 94723 0 27452 SUSAN ETESS LS HEAD 40.00 X 260195 0 49518 NEAL KAMSLER US HEAD 40.00 X 182468 0 29097 KIMBERLY KYTE MS HEAD 40.00 X 168497 0 27395 DAVID SMITH DIR OF DEVELOPMENT 40.00 X 199127 0 25406 RICH ALIFANO DIR OF ATHLETICS 40.00 X 170852 0 49152 ANDY ZEVON TECHNOLOGY MANAGER 40.00 X 168819 0 20492 MICHELE DEMKO MUSIC DEPT HEAD 40.00 X 158604 0 16469 CASPER CALDAROLA DIR OF COMMUNICATION 40.00 X 158092 0 36232 RANDOLPH SCHRADE DIR OF ORCHESTRA 40.00 X 152658 0 35619 2464066 0 475122 29 0 1 0 KLIMENT HALSBAND ARCHITECTS LLP 322 EIGHT AVENUE NEW YORK NY 10001 ARCHITECTURE SERVICES FOR BUILDING PROJE 1195865 COMMUNITY COUNSELING SERVICES PO BOX 824885 PHILADELPHIA PA 191824885 CAPITAL CAMPAIGN GUIDANCE 231000 NETCONNECT INC 101 TYRELLLAN AVENUE SUITE 410 STATEN ISLAND NY 10309 COMPUTER NETWORK SERVICES 170849 SCHOOL BUS BY SUPERIOR 957 DEAN STREET BROOKLYN NY 11238 BUS SERVICES 160160 KIDS IN SPORTS 1420 SECOND AVENUE NEW YORK NY 10021 ENRICHMENT ACTIVITY 157567 12 10000 298162 185134 16662393 450920 17155689 TUITION & FEES 611710 17057987 17057987 AFTER SCHOOL PROGRAM 611710 624147 624147 MUSIC LESSONS 611710 453963 453963 ADMISSIONS AND FEES 611710 278128 278128 AUXILIARY PROGRAMS 611710 167151 167151 18581376 196006 8216 187790 60250 0 60250 60250 60250 12292832 7541618 4751214 4751214 4751214 174836 298162 259858 -85022 -85022 OTHER REVENUE 900999 59902 59902 REFUNDS AND REBATES 900999 30593 30593 NEIGHBOR CONTRUCTION PROPERTY USE 900099 27167 27167 117662 40777175 18581376 8216 5031894 1738880 1738880 1958426 722294 1025110 211022 10824381 9102251 1211269 510861 804680 691893 75195 37592 1156126 922541 163222 70363 958690 737327 165657 55706 15272 15272 99452 99452 231000 231000 90430 90430 140309 33856 106453 589280 170734 352602 65944 255738 36707 219031 481940 422230 51749 7961 40485 33959 6526 76404 56957 15472 3975 23742 23742 1708642 1196049 444247 68346 48335 33835 12567 1933 STUDENT ACTIVITIES 1115659 1074170 3673 37816 REPAIRS & MAINTENANCE 566552 235163 318129 13260 BAD DEBT 84341 84341 MEMBERSHIP DUES 75220 60319 12914 1987 68184 34255 44 33885 23152168 17269564 4417974 1464630 2160482 4091956 7803071 20965272 3766727 11547240 1981327 334273 121613 166146 57266033 20984860 37440074 36281173 13367974 4516148 3591401 3190951 1011458 995193 71244127 82088352 2353167 2552924 2740356 3163515 8335000 7630000 385605 239932 101904 157926 13916032 13744297 X 47482495 45051626 7160990 20575854 2684610 2716575 57328095 68344055 71244127 82088352 X 17625007 -5007450 -1601597 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X EDUCATION 0 22251194 281965 -165650 502890 21864619 21440669 235475 3000794 2425744 22251194 21096932 71970 1846225 1574458 21440669 23241588 296855 -71108 24794 2345609 21096932 17080809 3794260 2391313 24794 23241588 0.87410 0.12430 0.00160 0 0 8188062 8188062 40523810 16639207 23884603 60440 60440 0 4753601 4285213 468388 3740120 3740120 36281173 DEFERRED COMPENSATION 157926 157926 X 33946881 -5007450 6466 -5000984 38947865 90430 1738880 1829310 40777175 21332358 9500 9500 21322858 90430 1738880 1829310 23152168 PART III, LINE 4: IN ITS LIBRARY, THE SCHOOL EXHIBITS A HISTORICAL MAP DATING BACK TO 1755, WHICH SHOWS THE 13 COLONIES AND LANDS USED AS "LAND GRANTS" BY REVOLUTIONARY GOVERNMENTS AS A METHOD OF OBTAINING MILITARY SERVICES. THE MAP IS AN EDUCATIONAL TOOL OF THE SCHOOL IN PROVIDING A QUALITY EDUCATION TO ITS STUDENTS. PART V, LINE 4: THE OBJECTIVE OF THE SCHOOL IS TO MAINTAIN THE PRINCIPAL ENDOWMENT FUNDS AT THE ORIGINAL AMOUNT DESIGNATED BY THE DONOR. THE INVESTMENT POLICY TO ACHIEVE THIS OBJECTIVE IS TO INVEST IN A DIVERSIFIED PORTFOLIO. INTEREST EARNED IN RELATION TO THE ENDOWMENT FUNDS IS RECORDED AS TEMPORARILY RESTRICTED INCOME AND THE SPENDING ALLOCATION MAY BE TRANSFERRED TO THE CURRENT OPERATING BUDGET UP TO THE PERCENTAGE ALLOCATION AMOUNT OF THE CURRENT SPENDING POLICY. INSTEAD OF ADJUSTING THE BEGINNING OF YEAR ENDOWMENT NET ASSETS FOR 2014 OF $502,828 TO REFLECT CHANGES IN ENDOWMENT, THIS CHANGE IS REFLECTED IN OTHER EXPENDITURE FOR 2014. PART X, LINE 2: 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 HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: PLEDGE RECEIVABLE ADJUSTMENT 6,466. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED AGAINST REVENUE 1,738,880. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE-OFF OF UNCOLLECTIBLE REVENUES 9,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED AGAINST REVENUE 1,738,880. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALLEN STEVENSON SCHOOL IS ONE OF MANY SCHOOLS WHO ARE LISTED IN THE INDEPENDENT SCHOOL ADMISSIONS ASSOCIATION OF GREATER NEW YORK ADVERTISEMENT THAT STATES NON-DISCRIMINATORY POLICY TOWARDS STUDENT ACCEPTANCES. ADDITIONALLY LISTED ON ALL MARKETING MATERIALS AND ON OUR WEBSITE. SCHEDULE E, PART I, LINE 6 ALLEN-STEVENSON SCHOOL RECEIVES FUNDS FROM NEW YORK STATE DEPARTMENT OF EDUCATION. X X X X X 1 COMMUNITY COUNSELING SERVICES CO LLC PO BOX 824885 PHILADELPHIA NY 191824885 CAPITAL CAMPAIGN SERVICES 0 13742168 231000 13511168 13742168 231000 13511168 ALLEN-STEVENSON SPRING BENEFIT 447881 297304 150577 54240 45540 131269 ICE SKATING PARTY 25117 858 24259 12900 13564 2345 472998 298162 174836 12900 67804 45540 133614 259858 -85022 SCHEDULE G, PART I, LINE 2B, COLUMN (V) EXPLANATION FOR PAYMENT TO COMMUNITY COUNSELING SERVICES CO., LLC (CCS: CCS PROVIDES OVERALL FUND-RAISING PLAN, STRATEGIES AND TIMETABLE, MANAGE AND COORDINATE DAY-TO-DAY FUND-RAISING ACTIVITIES, DEVELOP, TRACK, AND MANAGE DONOR PROSPECT LIST, CONDUCT PROSPECT RESEARCH ON TOP PROSPECTIVE DONORS, ANALYZE MONTHLY FUND-RAISING PROGRESS AND DELIVER MONTHLY PROGRESS REPORTS, AND ETC. CCS CHARGES A FEE OF $99,000 PAYABLE IN THREE MONTHLY INSTALLMENTS PLUS ANY REIMBURSABLE EXPENDITURE. 1 FINANCIAL AID/SCHOLARSHIPS 46 1738880 PART I, LINE 2: THE SCHOOL GRANTS FINANCIAL AID SCHOLARSHIPS TO THOSE FAMILIES WHO CANNOT AFFORD THE FULL TUITION. THE PROCESS FOR DETERMINING THE SCHOLARSHIP AWARD IS AS FOLLOWS: THE DIRECTOR OF FINANCE & OPERATIONS SETS THE BUDGET FOR THE TOTAL AMOUNT OF SCHOLARSHIPS TO BE AWARDED. THE FINANCE COMMITTEE REVIEWS THE BUDGET PRIOR TO BOARD APPROVAL. IN OCTOBER, AN EMAIL NOTIFICATION IS SENT TO FAMILIES WITH A LINK TO TADS, AND PROMPTING FAMILIES TO LOG ON AND SUBMIT THROUGH TADS A FINANCIAL AID APPLICATION, ALONG WITH THEIR PRIOR YEAR'S TAX RETURNS AND INFORMATION ABOUT WHAT AMOUNT THEY CAN PAY TOWARD TUITION. BASED ON THE FORM AND DOCUMENTATION SUBMITTED BY THE FAMILIES, TADS WILL CALCULATE THE AMOUNT EACH FAMILY CAN AFFORD TO CONTRIBUTE TOWARDS TUITION. THIS INFORMATION IS REVIEWED BY THE DIRECTOR OF ADMISSIONS, WHO CREATES A SPREADSHEET OF POTENTIAL SCHOLARSHIPS TO BE GRANTED TO EACH STUDENT. THE DIRECTOR OF FINANCE & OPERATIONS REVIEWS THE SPREADSHEET, WHICH IS ALSO SHARED WITH THE FINANCIAL AID COMMITTEE. ONCE APPROVED, THE ADMISSIONS OFFICE SENDS OUT THE AWARD LETTERS TO THE FAMILIES THAT MUST BE ACCEPTED BY THE PARENT. CHANGES MAY OCCUR IF THERE SEEMS TO BE INCONSISTENCIES IN THE FINANCIAL DATA SUBMITTED (AS ALL APPLICANTS MUST SUBMIT THEIR COMPLETED 1040 TAX RETURNS AND BUSINESS RETURNS IF APPLICABLE). X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DAVID R TROWER HEAD MASTER 617755 0 0 0 10363 0 82466 0 35458 0 746042 0 0 0 CARL HARRIS STEIN BUSINESS MANAGER THROUGH JULY 2014 117912 0 0 0 4001 0 11395 0 28971 0 162279 0 0 0 SUSAN ETESS LS HEAD 246914 0 0 0 13281 0 47952 0 1566 0 309713 0 0 0 NEAL KAMSLER US HEAD 179133 0 0 0 3335 0 16304 0 12793 0 211565 0 0 0 KIMBERLY KYTE MS HEAD 163675 0 0 0 4822 0 15422 0 11973 0 195892 0 0 0 DAVID SMITH DIR OF DEVELOPMENT 198347 0 0 0 780 0 17867 0 7539 0 224533 0 0 0 RICH ALIFANO DIR OF ATHLETICS 169236 0 0 0 1616 0 15965 0 33187 0 220004 0 0 0 ANDY ZEVON TECHNOLOGY MANAGER 168128 0 0 0 691 0 14887 0 5605 0 189311 0 0 0 MICHELE DEMKO MUSIC DEPT HEAD 157110 0 0 0 1494 0 13709 0 2760 0 175073 0 0 0 CASPER CALDAROLA DIR OF COMMUNICATION 155522 0 0 0 2570 0 14566 0 21666 0 194324 0 0 0 RANDOLPH SCHRADE DIR OF ORCHESTRA 151223 0 0 0 1435 0 13660 0 21959 0 188277 0 0 0 PART I, LINE 1A THE SCHOOL REIMBURSES MR. DAVID TROWER, AS HEADMASTER OF THE SCHOOL, THE COST OF HIS DUES FOR CLUB MEMBERSHIP TO THE UNION CLUB AS PER HIS CONTRACT. SOCIAL CLUB DUES ARE NON TAXABLE BY VIRTUE OF BEING A WORKING CONDITION FRINGE UNDER IRC SECTION 132. THE HEADMASTER USES THE MEMBERSHIP EXCLUSIVELY FOR SCHOOL PURPOSES. IN ADDITION, CERTAIN TAXABLE BENEFITS THAT THE SCHOOL PAYS FOR THE HEADMASTER ARE GROSSED UP AND INCLUDED ON SCHEDULE J, PART II, COLUMN B, III. PART I, LINE 4B DAVID R. TROWER, SCHOOL HEADMASTER, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN 457(F) AND RECEIVED DEFERRED COMPENSATION UNDER A 457(F) PLAN TOTALING $50,000. A NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 134084797 64971CV43 2004-03-05 24000000 RENOVATE FACILITY 0 0 0 A 17040000 24345926 430000 50000 23865926 2006 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 0 0 0 0 A 0 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, LINE 2A AND 2C: NOTE REGARDING REBATE COMPUTATION: SINCE THE BOND PROCEEDS SATISFIED A SPENDING EXCEPTION AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO REBATE CALCULATIONS ARE NECESSARY. X 10 333155 FMV X 1 9700 FMV X ENTERTAINMENT/TICKET/OTHER 14 108065 FMV 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT REVIEWS THE 990 TO OBTAIN AN UNDERSTANDING OF THE REPORTING REQUIREMENTS AND TO ENSURE IT IS ACCURATE AND COMPLETE. SUBSEQUENTLY, A COPY OF THE DRAFT 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR THEIR REVIEW. THE AUDIT COMMITTEE WILL DISCUSS THE 990 WITH MANAGEMENT AND RESOLVE ANY QUESTIONS THAT MAY ARISE. THE DRAFT 990 WILL THEN BE DISTRIBUTED, EITHER ELECTRONICALLY OR BY HARD COPY, TO THE BOARD FOR REVIEW AND COMMENTS. THEREAFTER, THE 990 WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND ALL OTHER EMPLOYEES SIGN A CONFLICT OF INTEREST POLICY STATEMENT ANNUALLY, WHICH IS REVIEWED BY MANAGEMENT. IF A CONFLICT APPEARS TO EXIST, MANAGEMENT AND THE BOARD OF TRUSTEES AUDIT COMMITTEE WILL MEET WITH THE INDIVIDUAL TO OBTAIN ALL THE FACTS. IF A CONFLICT IS IDENTIFIED, THE INDIVIDUAL TO WHOM IT PERTAINS MUST REFRAIN FROM PARTICIPATING IN THE DECISION MAKING CONCERNING THE MATTER THAT GAVE RISE TO THE CONFLICT. ADDITIONALLY, AN EMPLOYEE WHO RECOMMENDS A VENDOR TO THE SCHOOL MUST DISCLOSE TO THE THE DIRECTOR OF FINANCE AND OPERATIONS AND THE HEAD OF SCHOOL WHETHER HE OR SHE HAS A RELATIONSHIP WITH THAT VENDOR. IF APPROVED AS APPROPRIATE, THAT VENDOR MUST PROVIDE THE SCHOOL WITH A MINIMUM OF THREE PROFESSIONAL REFERENCES. ADDITIONALLY, THERE WILL BE A BIDDING PROCESS WHERE TWO ADDITIONAL OUTSIDE INDEPENDENT VENDORS WILL BE ASKED TO BID ON THE JOB OR SERVICE AS WELL. FORM 990, PART VI, SECTION B, LINE 15 THE THE DIRECTOR OF FINANCE AND OPERATIONS OBTAINS INFORMATION FROM NAIS, NYC GUILD SCHOOLS AND NYSAIS THAT SHOWS DETAILED SALARY FIGURES FOR VARIOUS POSITIONS OF 14 SCHOOLS. THE THREE SCHOOL GROUPS ARE USED FOR COMPARISON OF CURRENT SALARIES TO ALLEN-STEVENSON SCHOOL'S HIGHLY COMPENSATED AND KEY EMPLOYEES SUCH AS HEAD OF SCHOOL, THE DIRECTOR OF FINANCE AND OPERATIONS, DIVISION HEADS, DIRECTOR OF ADMISSIONS, FACILITIES DIRECTOR, DIRECTOR OF ATHLETICS, AND DIRECTOR OF DEVELOPMENT. THE COMPENSATION COMMITTEE, MADE UP OF 4 BOARD MEMBERS, REVIEWS THE HEAD'S RECOMMENDATION OF THE SALARIES OF THE ABOVE LISTED POSITIONS, EXCEPT FOR HIS OWN SALARY, FOR FAIRNESS AND APPROPRIATENESS. THE HEADMASTER'S SALARY IS RECOMMENDED BY THE PRESIDENT OF THE BOARD, AND APPROVED BY THE OTHER MEMBERS OF THE COMPENSATION COMMITTEE. THE MEETINGS OF THE COMPENSATION COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED. THIS PROCESS WAS LAST COMPLETED MAY 2015. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FORM 990, CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FACULTY AND STAFF HANDBOOKS ARE AVAILABLE UPON REQUEST AT 132 EAST 78TH STREET, NEW YORK, NY 10075. THE FINANCIAL STATEMENTS ARE ALSO SUBMITTED TO MSRB AND ELECTRONICALLY POSTED AS THIS IS A COVENANT OF THE NYC IDA BOND DOCUMENTS. FINANCIALS ARE REQUIRED TO BE AVAILABLE TO IDA BOND PURCHASERS AND THE LETTER OF CREDIT BANK PROVIDING THE BONDS CREDIT ENHANCEMENT. FORM 990, PART XI, LINE 9: WRITE-OFF OF UNCOLLECTIBLE REVENUES -9,500. WRITE-OFF OF BUILDING -1,598,563. PLEDGE RECEIVABLE ADJUSTMENT 6,466. FORM 990, PART XII, LINE 2C: THE PROCESS FOR ASSUMING RESPONSIBILITY OVER THE AUDIT OF THE ORGANIZATION AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED SINCE THE PRIOR YEAR.