2015-05-01T07:56:06-05:00 2014-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2013-07-01 131635257 The Chapin School Ltd % JAY MATHEWS C/O THE SCHOOL CHAP 2124724690 100 EAST END AVENUE Suite NEW YORK NY 10028 Jay Mathews Director of Finance 2125704984 2015-05-01 true JULIE FLOCH P00736879 2125704984 2013 2016-03-07 17:11:31Z PATRICIA HAYOT HEAD OF SCHOOL 100 EAST END AVENUE NEW YORK NY 10028 51783992 false X WWW.CHAPIN.EDU X 1929 NY THE CHAPIN SCHOOL IS AN INDEPENDENT DAY School for young women in Grades K-12. Chapin's committed to preparing YOUNG WOMEN TO THRIVE/LEAD THROUGH THE PURSUIT Of Academic EXCELLENCE. 24 24 241 150 0 7383744 8048196 27733115 29428231 5347205 8209593 117130 200281 40581194 45886301 4706854 4876702 0 0 20002925 20117129 25000 146062 1865009 11607457 12402256 36342236 37542149 4238958 8344152 194445946 203292205 32682973 31306116 161762973 171986089 THE CHAPIN SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR YOUNG WOMEN IN GRADES K THROUGH 12. CHAPIN IS COMMITTED TO PREPARING YOUNG WOMEN TO THRIVE AND LEAD THROUGH THE PURSUIT OF ACADEMIC EXCELLENCE, PERSONAL INTEGRETY AND COMMUNITY RESPONSIBILITY. false false 27832332 4876702 29428231 THE SCHOOL MEETS THE EDUCATIONAL NEEDS OF APPROXIMATELY 730 STUDENTS FROM KINDERGARTEN THROUGH 12TH GRADE, WITH AN INSTRUCTIONAL STAFF OF 123 AND ADDITIONAL SUPPORT OF 69 EMPLOYEES. GRANTS ARE GIVEN BY THE SCHOOL IN THE FORM OF FINANCIAL AID TO ELIGIBLE STUDENTS. DURING THE SCHOOL YEAR ENDED JUNE 30, 2014, 153 ELIGIBLE STUDENTS WERE AWARDED SUCH SCHOLARSHIPS. 27832332 true true false false false false false false false true true true false false true true true false true false true false false true false false false false true true true false false false false false true false false false false true false false false false false false false false true 74 0 241 true false false false false false false false false false false X 24 24 false false false false false false false true true false false true true true true true true true true false NY X JAY MATHEWS CO THE SCHOOL 2124724690 100 EAST END AVENUE NEW YORK NY 10028 X Linden Havemeyer Wise Chair 15.0 X X 0 0 0 Tanya Ryk Friedman Secretary 5.0 X X 0 0 0 LeeAnn Black Vice Chair 5.0 X X 0 0 0 Linda B Brandi Vice Chair 5.0 X X 0 0 0 Bettina Decker Trustee 5.0 X 0 0 0 Brian Higgins Trustee 2.0 X 0 0 0 Burwell Schorr Trustee 2.0 X 0 0 0 Clarence Mitchell Trustee 2.0 X 0 0 0 James Martin VICE CHAIR 5.0 X X 0 0 0 Jerry Thomas III Trustee 5.0 X 0 0 0 Jessie M Beller Trustee 2.0 X 0 0 0 Lawrence Neubauer Trustee 2.0 X 0 0 0 Lea Paine Highet Trustee 5.0 X 0 0 0 Linda Gosden Robinson Trustee 2.0 X 0 0 0 Melissa Rice Trustee 5.0 X 0 0 0 Mona Aboelnaga Kanaan Trustee 2.0 X 0 0 0 NARV Narvekar TRUSTEE 2.0 X 0 0 0 Robert Baynard Trustee 2.0 X 0 0 0 Sandra J Horbach Trustee 2.0 X 0 0 0 Scott L Bok Trustee 2.0 X 0 0 0 Shelley Sporleder Carr Trustee 2.0 X 0 0 0 Stephanie Coleman Trustee 2.0 X 0 0 0 Stuart Rothenberg Trustee 5.0 X 0 0 0 ERIC LANE TRUSTEE 2.0 X 0 0 0 Patricia Hayot Head of School 40.0 X 2428471 0 39543 Jay Mathews Director of Finance 40.0 X 251800 0 38813 Mary Jo Quigley Asst Head of School 40.0 X 214088 0 32856 Anne Borland Director of Advancement 40.0 X 189561 0 31094 Thomas Palermo Director of Facilities 40.0 X 169920 0 29454 Mary Rafferty Division Head 40.0 X 173784 0 28960 Ilana Pergam Director of Studies 40.0 X 177636 0 28249 3605260 0 228969 39 false true false ARAMARK CORPORATION PO BOX 7790-4230 PHILADELPHIA PA 19182 FOOD SERVICE 1298934 ABM JANITORIAL SERVICES N EAST INC PO BOX 1534 NEW YORK NY 100081534 JANITORIAL SERVICES 998579 JRM CONSTRUCTION MANAGEMENT 242 WEST 36TH STREET NEW YORK NY 10018 BUILDING MAINTENANCE 615485 FRED BRENOWITZ 309 VISTA DRIVE JERICHO NY 11753 BUILDING MAINTENANCE 409029 ACTION GRAPHICS INC 600 RYERSON ROAD LINCOLN PARK NJ 07035 PRINTING SERVICE 198884 7 237204 7810992 1546992 8048196 TUITION INCOME 611710 28190513 28190513 LUNCHROOM INCOME 611710 1170280 1170280 APPLICATION FEE INCOME 611710 39808 39808 OTHER STUDENT SERVICES 611710 130 130 SETTLEMENT PROCEEDS 611710 27500 27500 29428231 1859436 1859436 0 0 29925 29925 0 29925 29925 12187814 5837667 6350147 6350157 6350157 0 0 152708 60024 88684 88684 OTHER INCOME 900099 81672 81672 81672 45886301 29428231 8409874 0 4876702 4876702 0 0 2238345 951007 971723 315615 0 13257120 10580108 2070645 606367 1414188 939802 405757 68629 1956071 1133849 739422 82800 1251405 741523 455732 54150 0 93044 93044 55068 55068 0 146062 146062 198912 198912 661505 634730 26775 92375 92375 1239878 190098 807343 242437 60724 60724 0 658354 584498 36928 36928 35871 35871 0 139363 139363 1123900 921598 168585 33717 0 3303493 2708864 495524 99105 198699 198699 OTHER INSTRUCTIONAL EXPENSE 1224923 1224923 LUNCH ROOM EXPENSE 1263630 1263630 BUILDING AND MAINTENANCE 2001642 1641347 300246 60049 MISCELLANEOUS 37216 37216 13659 13659 37542149 27832332 7844808 1865009 470655 463159 5050978 3897862 10567894 1845203 444862 740763 500000 500000 0 0 0 0 0 0 266403 393255 94510906 34212387 60569899 60298519 99834114 117171205 15277469 16513807 0 0 0 0 1463672 1468432 194445946 203292205 4944681 3580542 0 0 4205277 4930970 23075000 22335000 0 0 0 0 0 0 0 0 458015 459604 32682973 31306116 X 146806090 165310806 11920815 3629215 3036068 3046068 161762973 171986089 194445946 203292205 X 8344152 9534962 -7655998 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43569540 10000 14764917 5654000 52690457 36723686 50000 11954854 5159000 43569540 35646401 40000 5552285 4515000 36723686 30742104 9098297 4194000 35646401 31076062 40000 3690042 4064000 30742104 0.93030 0.06970 false false 1264097 1264097 81636182 26497642 55138540 10120705 7714750 2405955 1489927 0 1489927 60298519 OFFSHORE HEDGE FUNDS 16513807 F 16513807 0 POST RETIREMENT BENEFIT OLIBGA 95000 AND ANNUITY INCOME GIFTS 179261 ACCRUED BOND INTEREST 185343 459604 X 50409673 9534962 64024 9598986 40810687 198912 4876702 5075614 45886301 40186557 7720022 7720022 32466535 198912 4876702 5075614 37542149 SCHEDULE D PART V LINE 4 USE OF ENDOWMENT FUNDS The School's Endowment Funds provide a predictable stream of funding to programs supported by its endowment, while seeking to maintain the purchasing power of the endowment. SCHEDULE D PART X LINE 2 INCOME TAX UNCERTAINTIES THE SCHOOL IS SUBJECT TO THE PROVISIONS OF the FASB's ASC TOPIC 740-10-05, Income Taxes, RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE SCHOOL'S GENERAL-TAX EXEMPT STATUS, ASC TOPIC 740-10-05 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. The School is no longer subject to examination for years prior to 2010. SCHEDULE D PART XI LINE 2D OTHER REVENUE INCLUDED IN FINANCIAL STMTS NOT INCLUDED ON FORM 990 BOOK STORE EXPENSE $ 64,024 SCHEDULE D PART XI LINE 4B AMOUNTS INCLUDED IN FORM 990 NOT INCLUDED IN FINANCIAL STATEMENTS SCHOLARSHIP EXPENSE $ 4,876,702 SCHEDULE D PART XII LINE 2D OTHER EXPENSE INCLUDED IN FINANCIAL STMTS NOT INCLUDED IN FORM 990 BOOK STORE EXPENSE $ 64,024 LOSSES ON UNCOLLECTIBLE PLEDGES $7,655,998 SCHEDULE D PART XII LINE 4B EXPENSES INCLUDED ON FORM 990 NOT INCLUDED IN FINANCIAL STATEMENTS SCHOLARSHIPS $ 4,876,702 true true true true true true true false false false false false false false false true false true SCHEDULE E PART I LINE 3 PUBLICATION OF NONDISCRIMINATORY POLICY THE SCHOOL MAKES ALL INTERESTED PARTIES AWARE OF ITS NONDISCRIMINATION POLICY THROUGH NEWSPAPER ADVERTISEMENT, BROCHURES AND OTHER MEDIA. SCHEDULE E PART 1 LINE 6A ASSISTANCE FROM GOVERNMENT THE SCHOOL RECEIVED FINANCIAL ASSISTANCE FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR MANDATED SERVICES. THE FINANCIAL ASSISTANCE AMOUNTED TO $237,204. Central America and the Caribbean Investments NONE 14024730 North America Investments NONE 2489077 16513807 16513807 false false false false false false X X X X X true COMMUNITY COUNSELING SERVICE CO LL 461 5TH AVENUE 3RD FLOOR NEW YORK NY 10017 CAP CAMP PLANNING false 146062 146062 NY true STUDENT SCHOLARSHIPS 153 4876702 FMV Tuition reduction Schedule I Part line 2 THE CHAPIN SCHOOL SUPPORTS ECONOMIC DIVERSITY THROUGH A FINANCIAL AID PROGRAM, AVAILABLE TO STUDENTS AT ALL GRADE LEVELS. THE PROGRAM, BASED SOLELY ON NEED, IS AVAILABLE TO ACADEMICALLY QUALIFIED STUDENTS. THE CHAPIN SCHOOL BELIEVES THAT THE PRIMARY FINANCIAL RESPONSIBILITY FOR A CHILD'S EDUCATION RESTS WITH THE PARENTS, TO THE FULL EXTENT THAT THEY ARE ABLE. THE GOAL OF THE FINANCIAL AID PROGRAM IS TO OFFSET THE DIFFERENCE BETWEEN THE COST OF ATTENDANCE AND A FAMILY'S AVAILABLE FINANCIAL RESOURCES. ADMISSIONS DECISIONS ARE MADE WITHOUT REGARD TO FINANCIAL NEED. LIKE MOST INDEPENDENT SCHOOLS, CHAPIN USES THE STANDARDIZED CALCULATION DERIVED BY THE SCHOOL AND STUDENT SERVICE ("SSS") FOR FINANCIAL AID, A DIVISION OF NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, TO CALCULATE A FAMILY'S CONTRIBUTION TO THE COST OF A CHAPIN EDUCATION. THIS SYSTEM CONSIDERS GROSS TAXABLE AND NON-TAXABLE INCOME, ASSETS, LIABILITIES, FAMILY SIZE AND THE NUMBER OF STUDENTS IN TUITION-CHARGING SCHOOLS OR COLLEGES. AFTER AN ALLOWANCE FOR BASIC NECESSETIES AND REQUIRED TAXES, THE REMAINING FUNDS ARE CONSIDERED AVAILABLE FOR EDUCATION ON A SLIDING SCALE. EVERY FAMILY APPLYING FOR FINANCIAL AID BEGINS BY COMPLETING THE PARENTS' FINANCIAL STATEMENT (PFS). THE DATA IN THIS APPLICATION IS ANALYZED BY SSS AND A RECOMMENDATION OF FAMILY CONTRIBUTION IS REPORTED TO CHAPIN AND TO THE FAMILY. THE CHAPIN SCHOOL WILL REVIEW, RE-ANALYZE AND, IF NECESSARY, RE-COMPUTE THIS RECOMMENDATION IN ACCORDANCE WITH SCHOOL POLICIES, GEOGRAPHICAL LOCATION, COST-OF-LIVING DIFFERENCES, AND OTHER FACTORS TO DETERMINE THE AWARDS. X true true X X X X false true false false false false false false false Patricia Hayot Head of School 553371 0 0 0 1875100 0 29739 0 9804 0 2468014 0 1875100 0 Jay Mathews Director of Finance 251800 0 0 0 0 0 29009 0 9804 0 290613 0 0 0 Mary Jo Quigley Asst Head of School 214088 0 0 0 0 0 23052 0 9804 0 246944 0 0 0 Anne Borland Director of Advancement 189561 0 0 0 0 0 21290 0 9804 0 220655 0 0 0 Thomas Palermo Director of Facilities 169920 0 0 0 0 0 19650 0 9804 0 199374 0 0 0 Mary Rafferty Division Head 173784 0 0 0 0 0 19156 0 9804 0 202744 0 0 0 Ilana Pergam Director of Studies 177636 0 0 0 0 0 18445 0 9804 0 205885 0 0 0 Part II, Column F The distribution of $1,875,100 to the Head of School represents all of the contributions made over the term of a ten-year deferred compensation plan for the Head of School, along with investment appreciation. The Board of Trustees created the plan to provide a competitive long-term compensation plan for the Head of School, and was advised by an independent consulting firm with extensive experience in structuring incentive compensation arrangements for the heads of independent schools. The distribution was required by the ten-year plan at the end of its term and by applicable IRS regulations and consisted of the aggregate of: (1) $691,000 in personal contributions by the Head of School, (2) $650,000 in contributions by the school and (3) $534,100 in investment appreciation on the combined contributions The Head of School was required to pay Federal, New York State and New York City taxes on the $1,875,000 payment in 2013 at ordinary income tax rates. The Head of School's annual personal contributions to the plan were previously reported as compensation in the school's Form 990 for each year during which these contributions were made. A NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438BT4 2006-12-22 7625000 CIVIC FACILITY REVENUE BONDS false false false B NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438BUI 2006-12-22 32375000 CIVIC FACILITY REVENUE BONDS false false false A 4540000 0 7625000 0 0 0 0 0 0 7625000 0 0 2009 false false true true B 12385000 0 32375000 0 0 0 0 0 0 32375000 0 0 2009 false false true true A false false false false 0.00000 0.00000 0.00000 true false false true B false false false false 0 true false false true A true false false 0 false 0 false true B true false false 0 false 0 false true A true B true PATRICIA HAYOTT Head of School HOUSING MORTGAGE X 500000 500000 false true true 500000 X 85 1546992 FMV false true false FORM 8868 FORM 8868 - APPLICATION FOR EXTENSION OF TIME TO FILE FOR AN EXEMPT ORGANIZATION WAS ELECTRONICALLY FILED. FORM 990 PART VI SECTION B LINE 11A REVIEW OF FORM 990 The audit committee of the board has a meeting with the Director of Finance to review the form 990 and its required attachments and schedules. During this meeting a thorough review of all financial and narrative information is undertaken to make sure all reports and schedules reflect the actual operating results of the school for the most recently completed fiscal year. After this review, the Director of Finance files the completed return with the internal revenue service. FORM 990 PART VI SECTION B LINE 12C CONFLICT OF INTEREST POLICY TRUSTEES AND PROFESSIONAL STAFF ARE REQUIRED TO ATTEST ANNUALLY TO THEIR FAMILIARITY WITH THE SCHOOL'S POLICIES AND PROVIDE INFORMATION CONCERNING ANY POSSIBLE CONFLICT OF INTEREST. FORM 990 PART VI SECTION B LINE 15A AND 15B COMPENSATION THE COMPENSATION COMMITTEE OF THE TRUSTEES DETERMINES THE ANNUAL INCREASE FOR THE HEAD OF THE SCHOOL. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR OTHER EMPLOYEES. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA. FORM 990 PART VI SECTION C LINE 18 AND 19 PUBLIC INSPECTION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990 PART XI LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES $7,655,998 REPRESENTS LOSSES ON UNCOLLECTIBLE PLEDGES.