2015-05-14T13:12:59-05:00 2014-06-30 061325235 Dylewsky Goldberg & Brenner LLC 30 Oak Street Stamford CT 06905 990 2013-07-01 134013334 Carmel Academy Inc CARM 2038639663 270 Lake Ave Greenwich CT 068304518 Nora Anderson Head of School 2038639663 2015-05-14 1 Scott M Brenner P01247233 2039758830 2015-05-14 2013 2016-02-25 16:41:14Z Nora Anderson 270 Lake Ave Greenwich CT 068304518 10324049 0 X www.carmelacademy.com X 1997 NY Carmel Academy provides a meaningful Jewish day school experience for all children. 24 24 131 100 0 0 2660255 4277802 4585367 5261819 0 0 708940 784428 7954562 10324049 0 0 0 0 5526134 5653127 0 0 411016 3341734 3993295 8867868 9646422 -913306 677627 28317576 29300871 16222100 16663637 12095476 12637234 X Carmel Academy is an educational institution that stretches each child's intellect and creativity; that is passionate about Jewish identity and values; that is committed to the betterment of our world and a strong bond with the State of Israel. Our faculty models it ... our students live it. 0 0 6641211 6046247 Carmel Academy is a forward-thinking private school for children of all Jewish affiliations, offering each of its students an exceptional, challenging and creative educational experience from kindergarten through eighth grade. Accredited with distinction by the Connecticut Association of Independent Schools, Carmel Academy's multi-disciplinary educational approach encourages its students to make connections between the classroom and the world. Experienced, passionate master teachers bring the school's educational philosophy to life, instilling creativity, critical thinking and a joy of learning in each student. With the benefits of a low student-teacher ratio and a dynamic, differentiated learning environment, students master the knowledge essential to continue on to the finest secondary schools, as well as to think critically and in a broader scope. The school's expert educational leadership designed Carmel Academy's dual curriculum from the ground up - incorporating only the highest in national standards - to integrate general and Judaic knowledge throughout the day. Set on a beautiful, historic 17-acre campus in Greenwich, CT, Carmel Academy is equipped with the infrastructure and technology to make it an unrivaled 21st century educational institution. With its central Greenwich location, Carmel attracts students throughout Fairfield and Westchester Counties, as well Riverdale and Manhattan. The school offers state-of-the-art laboratory and computer resources, as well as award winning enrichment programs to foster excellence in science, technology, engineering and mathematics (STEM). Children enjoy a wide-array of extracurricular activities and interscholastic team sports.As part of Carmel Academy's commitment to providing a meaningful Jewish day school experience for all children, the school offers a special education program for children with language-based learning disabilities. PALS (Providing Alternative Learning Strategies) gives children with special needs the tools to maximize their academic potential, while at the same time affording them the myriad benefits of a Jewish education.Carmel Academy provides an excellent foundation for long-term academic success, while fostering a deep love and connection to a common Jewish identity through history and culture, prayer and text, Zionism and Hebrew as a modern, living language. 6641211 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 64 0 1 131 1 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X The Organization 2038639663 270 Lake Ave Greenwich CT 068304518 Laurel Asness Director 1.00 X 0 0 0 Gloria Bieler Director 1.00 X 0 0 0 Adam Chill Director 1.00 X 0 0 0 Emanuel Citron Director 1.00 X 0 0 0 Ivan Horak Director 1.00 X 0 0 0 Allon Ivri Director 1.00 X 0 0 0 Gilad Kalter Director 1.00 X 0 0 0 Evan Levy Director 1.00 X 0 0 0 Guy Levy Director 1.00 X 0 0 0 Robye Margolius Director 1.00 X 0 0 0 Jeffrey Maron Director 1.00 X 0 0 0 Doreen Nusbaum Director 1.00 X 0 0 0 Sheldon Pang Director 1.00 X 0 0 0 Yale Paprin Director 1.00 X 0 0 0 Walter Primoff Director 1.00 X 0 0 0 Stuart Roth Director 1.00 X 0 0 0 Iris Tratt Director 1.00 X 0 0 0 Noah Yechiely Director 1.00 X 0 0 0 Christopher Young Director 1.00 X 0 0 0 Pam Feldstein Vice President 8.00 X 0 0 0 Eric Goldschmidt Vice President 8.00 X 0 0 0 Jonathan Malkin Treasurer 8.00 X 0 0 0 David Messer President 8.00 X 0 0 0 Adam Safer Secretary 8.00 X 0 0 0 Nora Anderson Head of School 40.00 X 144857 0 22807 Risa Vine Chief Financial Officer 40.00 X 71413 0 5862 Bobbie Powers Director of Educational Re 40.00 X 140688 0 0 Seth Young Director of Development 40.00 X 126395 0 0 483353 0 28669 3 0 1 0 0 4277802 30331 4277802 Student tuition & fees 611600 5106216 5106216 Other Programs 611600 155603 155603 5261819 784428 0 784428 784428 784428 10324049 6046247 0 0 168387 132407 30112 5868 4577126 3599103 818507 159516 588057 462403 105160 20494 319557 251275 57145 11137 18800 18800 27921 27921 93582 93582 263771 147100 116671 65740 65740 9083 9083 676593 532021 120992 23580 847743 666601 151598 29544 122008 122008 Repairs & Maintenance 729589 573693 130469 25427 Loss on refinancing of 555337 555337 Auxiliary Services 321892 253111 57563 11218 Instructional 206168 162115 36868 7185 55068 8482 46210 376 9646422 6641211 2594195 411016 901914 3131518 803100 697186 563309 37854 109860 16680 24625 31848417 6660034 25854401 25188383 6441 283176 28317576 29300871 545780 763850 799325 727450 10876995 3079818 4000000 12000000 0 92519 16222100 16663637 X 10766471 12085552 1329005 551682 12095476 12637234 28317576 29300871 X 677627 -135869 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6230568 6230568 23949742 5139293 18810449 1287654 1144492 143162 380453 376249 4204 25188383 Interest payable 8068 Interest rate swap agreement liability 84451 92519 X 10389788 65739 65739 10324049 0 10324049 9848030 65739 135869 201608 9646422 0 9646422 Part X, Line 2: The School evaluates all significant tax positions as required by accounting principles generally accepted in the United States of America. As of June 30, 2014, the School does not believe that it has taken any positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next year. The School is no longer subject to audits by the applicable taxing authorities for the period prior to 2011. Part XII, Line 2d - Other Adjustments: Change in value of interest rate cap and swap 135,869. 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The academy is a Jewish day school and primarily publicizes in the Jewish community. It has a non-discriminatory policy and there are minority Jewish students that apply and attend. Schedule E, Part I, Line 4 We don't maintain a complete or accurate record of racial composition of the student body. We do not track or record ethnicity for faculty or staff. X X X 0 0 0 0 0 0 0 0 0 Nora Anderson Head of School 144857 0 0 0 0 0 10345 0 12462 0 167664 0 0 0 A Colorado Educational and Cultural Facilities Authority 840896727 999999999 2014-02-05 12000000 To refinance borrower debt from FJC and The Conduit Foundation 0 0 0 A 12000000 239000 11761000 2021 0 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 M&T Trust Company 7.000000000000 0 0 0 0 0 Conduit Foundation To purchase the campus at 270 Lake Ave X 11980000 3079818 0 1 1 3079818 Skadden Arps A Partner of Skadden Arps is a board member. 65739 In-Kind-Legal services 0 Sky Advertising Employee of Sky Advertising is the spouse of an officer on the board 27000 Discounted services 0 X 1 5600 FMV X 2 24731 FMV 0 0 0 Form 990, Part VI, Section B, line 11 The audit committee reviews the form 990 and supplies its comments. Once the return is final the organization provides the governing body with a copy of the form 990 prior to it being filed with the IRS. Form 990, Part VI, Section B, line 12c Each board member signs a conflict of interest statement annually. Form 990, Part VI, Section B, line 15 Comparable data from local schools is given to the board executive committee annually for review. Form 990, Part VI, Section C, line 19 The organization makes its form 990 available on guidestar.org. In addition, the governing documents, conflict of interest policy, financial statements and form 990 are available upon request. Form 990, Part XI, line 9: Change in value of interest rate cap and swap -135,869. Form 990, Part XII, Line 2C Carmel Academy has an audit committee that assumes the responsibility for overseeing the audit. This process has not changed from previous years.