2015-12-17T10:33:34-06:00 2015-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2014-07-01 111633485 FRIENDS ACADEMY FRIE 5166760393 270 DUCK POND ROAD LOCUST VALLEY NY 11560 ANN MARIE TIDONA DIRECTOR OF FINANCE 5166760393 2015-12-16 1 AARON SHAPIRO P01333816 2128674000 2014 2016-03-07 17:11:31Z ANN MARIE TIDONA 270 DUCK POND ROAD LOCUST VALLEY NY 11560 43947118 0 X WWW.FA.ORG X 1877 NY TO OPERATE AN INDEPENDENT ELEMENTARY AND SECONDARY SCHOOL LOCATED ON THE NORTH SHORE OF LONG ISLAND. 17 17 442 210 0 0 2398017 3176671 25090017 24516746 1155490 1508293 339655 305419 28983179 29507129 1483004 1536800 0 0 19483849 19271680 0 0 926183 7397693 8028784 28364546 28837264 618633 669865 92156705 93001260 24274390 23887532 67882315 69113728 X THE SCHOOL'S PHILOSOPHY IS BASED ON THE QUAKER PRINCIPLES OF INTEGRITY, SIMPLICITY, PATIENCE, MODERATION AND PEACEFUL RESOLUTION OF CONFLICT, AND A BELIEF THAT THE SILENCE AND SIMPLE MINISTRY OF THE "GATHERED MEETING" BRINGS THE PRESENCE OF GOD INTO THE MIDST OF BUSY LIVES. FRIENDS IS COMMITTED TO DEVELOPING A DIVERSE COMMUNITY WHOSE MEMBERS VALUE EXCELLENCE IN LEARNING AND GROWTH IN KNOWLEDGE AND SKILL, A GENUINE COMMITMENT TO SERVICE AND ETHICAL ACTION, AND A REALIZATION THAT EVERY LIFE IS TO BE EXPLORED, CELEBRATED AND ENJOYED IN THE SPIRIT OF THE SOCIETY OF FRIENDS. 0 0 23864579 1536800 23050669 INSTRUCTION AND STUDENT ACTIVITIES - SEE SCHEDULE OACADEMICS: AS A QUAKER SCHOOL, FRIENDS ENDORSES THE PRINCIPLE THAT ALL STUDENTS HAVE WORTH AND ABILITY, AND OUR ACADEMIC PROGRAM PROVIDES THE OPPORTUNITY FOR EACH STUDENT TO FIND HIS OR HER OWN VOICE AND ACHIEVE EXCELLENCE.CHARACTER EDUCATION: A CENTER PIECE OF OUR PROGRAM IS COMMUNITY SERVICE, ONE OF THE ESSENTIAL QUAKER TESTIMONIES. WE OFFER AGE APPROPRIATE SERVICE OPPORTUNITIES FOR ALL OF OUR STUDENTS AS WE TEACH THEM THAT INDIVIDUALS CAN MAKE A DIFFERENCE IN THE WORLD.COLLEGE PREPARATION: WE ARE COMMITTED TO PREPARING STUDENTS NOT ONLY FOR COLLEGE, BUT ALSO FOR RESPONSIBLE CITIZENSHIP. TO THAT END, BEYOND COMMUNITY SERVICE, WE NURTURE LEADERSHIP, CIVIC RESPONSIBILITY, AND COMMUNITY ESPECIALLY IN TERMS OF EQUALITY AND DIVERSITY. FRIENDS SERVED APPROXIMATELY 780 STUDENTS IN 2015. 185643 1466077 SUMMER PROGRAM - SEE SCHEDULE OSUMMER CAMP: EACH CAMP PROGRAM INCLUDES MANY ADDITIONAL OPTIONS AND COMBINATIONS TO BEST MEET THE NEEDS OF ALL OUR FAMILIES. CAMPERS WILL ENJOY OUR FABULOUS LUNCH PROGRAM AT NO ADDITIONAL COST. OUR AIR-CONDITIONED DINING SERVICE INCLUDES DAILY CHOICE OF HOT LUNCH, SANDWICHES, SALAD BAR, BAGEL STATION, FRESH FRUIT, AND DESSERT. FOOD IS PREPARED DAILY BY FLIK FOOD SERVICE WHICH SERVICES FRIENDS ACADEMY YEAR-ROUND. DURING LUNCHTIME, MILK, WATER, LEMONADE, FLAVORED WATER, ICED TEA, AND GATORADE ARE PROVIDED AS BEVERAGE CHOICES. FRIDAYS ARE SET ASIDE FOR EITHER BBQ'S OR SPECIAL THEMED LUNCHES. THROUGHOUT THE DAY, OVER 15 COOLERS OF WATER AND GATORADE ARE PLACED THROUGHOUT THE CAMPUS FOR USE BY OUR SPORTS PROGRAMS AND GENERAL CAMP PROGRAMS. WE OFFER MID-AFTERNOON SNACKS FOR OUR GENERAL CAMPERS AND ALL OUR CAMPERS END EACH DAY WITH DELICIOUS CHOICES OF ICE CREAM AND ICE POPS. 24050222 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 442 1 0 0 0 0 0 1 1 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANN MARIE TIDONA 5166760393 270 DUCK POND ROAD LOCUST VALLEY NY 11560 THOMAS HAWKINS CO-PRESIDENT 0.30 X X 0 0 0 SCOTT RECHLER CO-PRESIDENT 0.30 X X 0 0 0 FRANK INGRASSIA TREASURER 0.30 X X 0 0 0 DEBRA DEL VECCHIO TRUSTEE 0.30 X 0 0 0 PEGGY BRUCIA TRUSTEE 0.30 X 0 0 0 JEFFERY DANIELS TRUSTEE 0.30 X 0 0 0 STEPHEN FORTUNA TRUSTEE 0.30 X 0 0 0 CONCHITA HEFFRON TRUSTEE 0.30 X 0 0 0 ELIZABETH INGRASSIA TRUSTEE 0.30 X 0 0 0 ANDREW MENZIN TRUSTEE 0.30 X 0 0 0 JOSEPH PODBELA TRUSTEE 0.30 X 0 0 0 VICTORIA QUESADA MOORE TRUSTEE 0.30 X 0 0 0 ROBERT ROSENBAUM TRUSTEE 0.30 X 0 0 0 GEORGE TSUNIS TRUSTEE 0.30 X 0 0 0 ROBIN WACHTLER TRUSTEE 0.30 X 0 0 0 CRAIG WHITE TRUSTEE 0.30 X 0 0 0 CARL ASHKIN TRUSTEE 0.30 X 0 0 0 WILLIAM G MORRIS JR HEAD OF SCHOOL 40.00 X 319813 0 36500 ANN MARIE TIDONA DIRECTOR OF FINANCE 40.00 X 209865 0 47010 DEBORAH SCHOMAN US PRINCIPAL/ASSOC. HEAD 40.00 X 190943 0 20401 JAMES MICHALEK DIRECTOR OF DEVELOPMENT 40.00 X 147777 0 31538 NINA WAECHTER DIR OF ADMISSIONS & FINANCIAL AID 40.00 X 129253 0 31136 RON BASKIND DIRECTOR OF STUDENT LIFE 40.00 X 126139 0 38074 STEPHEN E RUBENACKER MS PRINCIPAL 40.00 X 115110 0 36915 1238900 0 241574 27 0 1 0 FLIK INDEPENDENT SCHOOL DINING PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 1085722 BROWN BROTHERS HARRIMAN 140 BROADWAY NEW YORK NY 10005 FINANCIAL SERVICES 498421 LOYAL BUILDING SERVICES 41A DEGNON BLVD BAY SHORE NY 11706 CUSTODIAL SERVICES 302700 DELL TRANSPORTATION CORP 20 HAVEN AVE PORT WASHINGTON NY 11050 TRANSPORATION 224423 COPELAND COATING COMPANY 3600 US ROUTE 20 PO BOX 595 NASSAU NY 12123 PAVING AND SURFACING 191580 13 214430 2962241 3176671 TUITION AND FEES 611710 22223063 22223063 SUMMER PROGRAM INCOME 611710 1466077 1466077 AUXILIARY SERVICES 611710 827606 827606 24516746 470318 470318 15224158 14186183 1037975 1037975 1037975 507264 214430 205073 302191 302191 23713 48733 -25020 -25020 28248 28248 28248 29507129 24516746 0 1813712 1536800 1536800 624838 624838 12507627 10760939 1323804 422884 643770 565172 64980 13618 4571386 3926299 512510 132577 924059 764197 134912 24950 43500 43500 370271 370271 616657 467839 73937 74881 58634 17231 41403 358372 244124 6507 107741 215240 215240 1426174 1304659 49537 71978 472535 470721 1814 439906 352724 18198 68984 285284 285284 1307198 1245760 61438 306551 289733 10062 6756 FOOD 840663 840663 CLASSROOM INSTRUCTION 688373 688373 CAPITAL SPENDING 231272 231272 SUMMER PROGRAM 185643 185643 182511 158073 24438 28837264 24050222 3860859 926183 X 7507371 6027322 36836 3909616 283238 247843 276572 335343 7826 2526 61433 12785 443816 240748 59086971 19103494 40282139 39983477 16183497 17928749 26958304 24204890 115673 107961 92156705 93001260 1563843 1477984 4475033 4111049 5983352 5759553 12252162 12538946 24274390 23887532 X 65645848 66675117 1021240 1070288 1215227 1368323 67882315 69113728 92156705 93001260 X 669865 24473 537075 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45115410 3095623 1162495 1356000 48017528 35607464 5527241 5188705 1208000 45115410 31985316 525779 4271369 1175000 35607464 32459945 1270485 -594114 1151000 31985316 28628143 627375 4287427 1083000 32459945 0.96000 0.03000 0.01000 0 0 961346 961346 52679292 16032729 36646563 3187353 2004590 1182763 2258980 1066175 1192805 39983477 HEDGE FUNDS 20596731 F LIMITED PARTNERSHIPS 3608159 F 24204890 POSTRETIREMENT BENEFITS PAYABLE 12538946 12538946 X 28210339 24473 166804 191277 28019062 1488067 1488067 29507129 26978926 -370271 -370271 27349197 1488067 1488067 28837264 PART V, LINE 4: THE DONOR RESTRICTED ENDOWMENT FUND ASSETS ARE TO BE HELD IN PERPETUITY. THE INCOME FROM THE ASSETS ARE USED TO SUPPORT THE ACADEMY'S GENERAL ACTIVITIES. PART X, LINE 2: THE ACADEMY 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: INVESTMENT FEES -370,271. POSTRETIREMENT BENEFIT ADJUSTMENT 537,075. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP - FINANCIAL AID 1,536,800. BOOK STORE EXPENSES -48,733. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES -370,271. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP - FINANCIAL AID 1,536,800. BOOK STORE EXPENSES -48,733. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS NONDISCRIMINATORY POLICY THROUGH ADVERTISEMENTS IN LOCAL NEWSPAPERS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FUNDS FROM THE CITY OF GLEN COVE AS A REIMBURSEMENT FOR LIBRARY BOOKS AND COMPUTER SOFTWARE PURCHASES AS WELL AS AID MONIES FROM NEW YORK STATE FOR TAKING DAILY ATTENDANCE BASED ON THE NUMBER OF STUDENTS ENROLLED. NORTH AMERICA - CANADA AND MEXICO, BUT BUT NOT THE UNITED STATES 0 0 INVESTMENTS 5772674 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 5278129 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 2534202 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 4545716 0 0 0 0 0 0 18130721 0 18130721 0 0 0 0 0 0 AUCTION 536928 203430 333498 8565 39325 22239 FALL FAIR 100528 11000 89528 22485 3505 46538 4 84238 84238 15500 19536 2275 25105 721694 214430 507264 24065 81346 5780 93882 205073 302191 1 FINANCIAL AID 81 1536800 FORM 990, PART III FRIENDS ACADEMY MAKES EVERY EFFORT TO ENSURE THAT EVERY STUDENT WHO WISHES TO ENROLL AND OR CURRENTLY ATTENDS HAS THE FINANCIAL ABILITY TO DO SO. THEREFORE, ONCE A STUDENT HAS BEEN ACCEPTED FOR ADMISSION, THE FINANCIAL AID COMMITTEE DETERMINES AWARDS ON THE BASIS OF DEMONSTRATED FINANCIAL NEED. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 WILLIAM G MORRIS JR HEAD OF SCHOOL 316265 0 0 0 3548 0 15900 0 20600 0 356313 0 0 0 ANN MARIE TIDONA DIRECTOR OF FINANCE 209562 0 0 0 303 0 20987 0 26023 0 256875 0 0 0 DEBORAH SCHOMAN US PRINCIPAL/ASSOC. HEAD 190452 0 0 0 491 0 19094 0 1307 0 211344 0 0 0 JAMES MICHALEK DIRECTOR OF DEVELOPMENT 147209 0 0 0 568 0 5911 0 25627 0 179315 0 0 0 NINA WAECHTER DIR OF ADMISSIONS & FINANCIAL AID 129148 0 0 0 105 0 5170 0 25966 0 160389 0 0 0 RON BASKIND DIRECTOR OF STUDENT LIFE 125718 0 0 0 421 0 12614 0 25460 0 164213 0 0 0 STEPHEN E RUBENACKER MS PRINCIPAL 115018 0 0 0 92 0 11511 0 25404 0 152025 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL HAS A DISCRETIONARY SPENDING ACCOUNT IN THE AMOUNT OF FIVE THOUSAND DOLLARS TO BE USED AT THE HEAD'S DISCRETION TO FURTHER THE ACTIVITIES OF THE SCHOOL. ADDITIONALLY, THE HEAD OF SCHOOL AS PART OF HIS EMPLOYMENT CONTRACT IS PROVIDED WITH MANDATORY ON-CAMPUS HOUSING AS WELL AS HOUSEKEEPING SERVICES. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 NONEAVAIL 2010-01-25 6500000 RENOVATION OF THE LOWER SCHOOL 0 0 0 A 6500000 95946 2010 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 2 FRANK INGRASSIA AND ELIZABETH INGRASSIA HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES RECEIVE AN ELECTRONIC FORM OF THE FINAL 990 BEFORE IT IS FILED WITH THE IRS. THE TRUSTEES REVIEW THE INFORMATION ON THEIR OWN AND ARE ASKED TO DIRECT ANY QUESTIONS TO THE HEAD OF THE SCHOOL AND DIRECTOR OF FINANCE. THE 990 IS DISCUSSED AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C FRIENDS ACADEMY MONITORS AND ENFORCES A CONFLICT OF INTEREST POLICY. THE POLICY CLEARLY IDENTIFIES AREAS OF POTENTIAL CONFLICT, REVIEW PROCEDURES, AND DISCLOSURE RESPONSIBILITIES. THE POLICY IS REVIEWED ANNUALLY AND EACH TRUSTEE AND OFFICER IS REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. THE POLICY CLEARLY STATES THAT WHERE A POTENTIAL CONFLICT OF INTEREST EXISTS, IT SHALL BE THE RESPONSIBILITY OF THE PERSON INVOLVED TO NOTIFY THE BOARD OF TRUSTEES OF THE CIRCUMSTANCES RESULTING IN THE POTENTIAL CONFLICT SO THAT THE BOARD OF TRUSTEES CAN PROVIDE GUIDANCE AND TAKE APPROPRIATE ACTION. AN OFFICER OR TRUSTEE WHO HAS A POTENTIAL CONFLICT OF INTEREST IN A DECISION-MAKING PROCESS SHALL RECUSE HIMSELF OR HERSELF FROM THE DECISION-MAKING PROCESS. FORM 990, PART VI, SECTION B, LINE 15 THE COMMITTEE ON COMPENSATION AND CONFLICTS CONSISTING OF FOUR BOARD MEMBERS HAVE THE AUTHORITY TO FIX THE HEAD OF SCHOOL'S SALARY. REASONABLE COMPENSATION IS DETERMINED BASED UPON PERFORMANCE AND COMPARISON OF COMPARABLE INSTITUTIONS. THE AFOREMENTIONED PROCESS WAS COMPLETED IN 2014 FOR 2015 SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: POST-RETIREMENT MEDICAL BENEFITS PLAN ADJUSTMENT 537,075. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.