2015-05-07T10:58:47-05:00 2014-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2013-07-01 131635261 TREVOR DAY SCHOOL TREV 2124263300 11 EAST 89TH STREET NEW YORK NY 10128 STEVEN DUDLEY CFO 2124263300 2015-05-06 1 ISRAEL TANNENBAUM P01589203 2128674000 2013 2016-02-25 16:41:14Z STEVEN DUDLEY 11 EAST 89TH STREET NEW YORK NY 10128 38389185 0 X WWW.TREVOR.ORG X 1932 NY TO OPERATE AN INDEPENDENT DAY SCHOOL FOR NURSERY THROUGH 12TH GRADE. 22 16 340 73 0 0 5993594 4839403 32198406 32906339 258486 229658 -20904 287361 38429582 38262761 4444370 4894029 0 0 19666940 21109358 137522 153192 975230 7530645 8483297 31779477 34639876 6650105 3622885 167685525 176258387 98107520 103734158 69578005 72524229 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 2014, THE SCHOOL SERVED 809 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 27174842 4894029 32959203 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 2014 THE SCHOOL SERVED 809 STUDENTS ON ITS THREE CAMPUSES. 27174842 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 1 114 0 340 1 0 0 0 0 0 1 1 0 0 0 0 X 22 16 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 566 COLUMBUS AVENUE NEW YORK NY 10024 SALLY A ROCKER PRESIDENT 10.00 X X 0 0 0 MARY KAY 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 PAMELA J CLARKE HEAD OF SCHOOL 40.00 X X 371696 0 92949 GEORGE C BIDDLE TRUSTEE 2.00 X 0 0 0 DAVID BLOOM TRUSTEE 2.00 X 0 0 0 ROBERTA B RAFALOFF 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 MARYL SNOW ZEGAR 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 ZAID RAMADAN TRUSTEE 2.00 X 0 0 0 GLENN MARKMAN TRUSTEE 2.00 X 0 0 0 WILLIAM F TRUFFA CFO 40.00 X 220969 0 11430 LISA ALBERTI ASSISTANT HEAD 40.00 X 172674 0 31852 PATRICIA PARK DIRECTOR OF DEVELOPMENT 40.00 X 172907 0 51771 DANIEL FEIGIN DIRECTOR OF HIGH AND MIDDLE SCHOOL 40.00 X 184807 0 16425 CRAIG STOLZBERG DIRECTOR OF ATHLETICS 40.00 X 138030 0 39574 STEVEN SCHECHTER DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 118583 0 5796 KATHLEEN ROBERTS DIRECTOR OF UPPER SCHOOL COUNSELING 40.00 X 118504 0 6220 ARINA JEWELL LOWER SCHOOL DIRECTOR 40.00 X 135306 0 5526 LISA LANZI DIRECTOR OF OPERATIONS 40.00 X 136709 0 6112 1770185 0 267655 10 0 1 0 COMPUTER INTEGRATED SERVICES COMPANY OF 561 SEVENTH AVENUE NEW YORK NY 10018 INFORMATION TECHNOLOGY 747709 PETER GISOLFI 566 WARBURTON AVENUE HUDSON NY 10706 ARCHITECTURAL 593661 SCHULTE ROTH AND ZABEL LLP 919 3RD AVENUE NEW YORK NY 10022 LEGAL 220429 CRANE MARKETING 831 CHRISTOPHER ROBIN ROAD ALPHARETTA GA 30005 MARKETING 218356 VVV LLC 117 EAST 31ST STREET NEW YORK NY 10016 OWNERS REP (CONSTRUCTION) 212001 6 215503 555322 4068578 4839403 TUITION & FEES 611600 31752246 31752246 AUXILIARY 611600 899797 899797 EDUCATION AND GENERAL 611600 254296 254296 32906339 229658 229658 38755 38755 0 322166 215503 87669 234497 234497 OTHER INCOME 900099 52864 52864 52864 38262761 32959203 0 464155 4894029 4894029 1372221 1157331 167960 46930 15726811 12562027 2606959 557825 867462 688346 154536 24580 1866010 1485677 326874 53459 1276854 1019955 219923 36976 231083 231083 37350 37350 153192 153192 1025915 552996 472919 9490 9490 1516164 718621 763693 33850 222927 222927 1781819 1326676 400526 54617 352594 313825 36891 1878 20331 8933 10802 596 35000 35000 894075 688438 205637 418764 418764 FOOD 441429 441429 PROFESSIONAL DEV. 234367 234367 ALTERNATIVE EDUCATION 217716 217716 1044273 606549 426397 11327 34639876 27174842 6489804 975230 275 876 59318802 47759801 180699 253889 259677 122818 126343279 16458315 83529743 109884964 21699647 15210901 2696682 3025138 167685525 176258387 7373894 9934462 11373839 11508761 65500000 65500000 12500000 12500000 1359787 4290935 98107520 103734158 X 56149100 56908728 4254567 6145484 9174338 9470017 69578005 72524229 167685525 176258387 X 3622885 2254487 -2931148 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16656037 295679 2372934 19324650 12883896 2917770 1298314 236414 16656037 17370781 150907 -387792 12883896 14987100 165623 2218058 17370781 8632831 5247743 1319786 213260 14987100 0.22000 0.55000 0.23000 0 0 27040768 27040768 27529108 11683458 15845650 2926881 2912629 14252 1830950 1830950 0 67015572 31278 66984294 109884964 SWAP PAYABLE 4290935 4290935 X 35749643 2254487 126424 2380911 33368732 4894029 4894029 38262761 29872271 126424 126424 29745847 4894029 4894029 34639876 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, 2011 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENT 87,669. RENT EXPENSE 38,755. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,894,029. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENT 87,669. RENT EXPENSE 38,755. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,894,029. 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 MONIES FROM NYS BOARD OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN - 1 1 INVESTMENTS 1957533 CENTRAL AMERICA AND THE CARIBBEAN - 1 1 INVESTMENTS 1063580 2 2 0 0 2 2 3021113 0 3021113 0 0 1 0 0 0 X X X X X X 1 LISA J KASSEL 350 CENTRAL PARK WEST NEW YORK NY 10025 CAPITAL CAMPAIGN 0 0 93696 0 SOPHIE DEWANI 106 RIDGE ST 4A NEW YORK NY 10002 ANNUAL FUND AND CAMPAIGN ACTIVITIES 0 0 48400 0 WASHBOURN CARMICHEAL 131 MYSTIC DRIVE OSSINING NY 10562 CAPITAL CAMPAIGN 0 0 11096 0 153192 NY FALL FESTIVAL 537669 215503 322166 70000 17669 537669 215503 322166 70000 17669 87669 234497 1 FINANCIAL AID 153 4894029 FINANCIAL AID GIVEN TO 153STUDENTS. 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 1 0 0 0 0 0 0 0 PAMELA J CLARKE HEAD OF SCHOOL 371696 0 0 0 0 0 30553 0 62396 0 464645 0 0 0 WILLIAM F TRUFFA CFO 220969 0 0 0 0 0 7853 0 3577 0 232399 0 0 0 LISA ALBERTI ASSISTANT HEAD 172674 0 0 0 0 0 7843 0 24009 0 204526 0 0 0 PATRICIA PARK DIRECTOR OF DEVELOPMENT 172907 0 0 0 0 0 16455 0 35316 0 224678 0 0 0 DANIEL FEIGIN DIRECTOR OF HIGH AND MIDDLE SCHOOL 184807 0 0 0 0 0 7575 0 8850 0 201232 0 0 0 CRAIG STOLZBERG DIRECTOR OF ATHLETICS 138030 0 0 0 0 0 5974 0 33600 0 177604 0 0 0 PART I, LINE 1A PAMELA J. CLARKE RECEIVED EMPLOYER-PROVIDED HOUSING IN THE AMOUNT OF $50,000. THE VALUE OF THE HOUSING WAS NONTAXABLE PURSUANT TO THE CONVENIENCE PROVISION IN INTERNAL REVENUE CODE SECTION 119. PART I, LINE 4B THE SCHOOL CONTRIBUTES $177,525 ANNUALLY TO A 457(F) PENSION PLAN FOR PAMELA J. CLARKE, HEAD OF SCHOOL. 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. PART IV, COLUMN A, LINE 4C SWAP 1: 7.0, SWAP 2: 2.9 FRIENDS OF TREVOR DAY LLC ENTITY CONTROLLED BY TRUSTEES OPERATIONS X 12500000 12500000 0 1 1 12500000 PART II FRIENDS OF TREVOR DAY, LLC IS OWNED BY 5 PARTNERS, MARK GALLOGLY, WES EDENS, JOSEPH GROMEK, RAY IWANAWSKI, AND DAVID BLOOM, ALL OF WHOM ARE EITHER TRUSTEES OR SPOUSES OF TRUSTEES. 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 REVIEWS 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 AN AMENDED FOUR YEAR EMPLOYMENT CONTRACT, EFFECTIVE JULY 2010, AND RUNNING THROUGH JUNE 30, 2014 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 XI, LINE 9: CHANGE IN VALUE OF SWAP AGREEMENT -2,931,148. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.