2014-05-15T13:20:12-05:00 2013-06-30 271728945 O'CONNOR DAVIES LLP 15 ESSEX RD PARAMUS NJ 076521412 990 2012-07-01 061803490 CHRIST THE KING PREPARATORY SCHOOL CHRI 9734830033 239 WOODSIDE AVENUE NEWARK NJ 07104 FR ROBERT SANDOZ 9734830033 2014-05-15 1 BRIAN M FLYNN P00739850 2017129800 2012 2015-11-30 17:44:51Z FR ROBERT SANDOZ 239 WOODSIDE AVE NEWARK NJ 07104 2876656 0 X WWW.CTKPREP.ORG X 2006 NJ CHRIST THE KING PREPARATORY SCHOOL PROVIDES AN AFFORDABLE ALTERNATIVE FOR URBAN FAMILIES WHO WANT A SMALL, CATHOLIC, CO-EDUCATIONAL, COLLEGE PREPARATORY SECONDARY SCHOOL. THE HIGH SCHOOL ALSO ASSISTS STUDENTS THROUGH WORK PROGRAMS WITH CORPORATE SPONSORS AFFILIATED WITH THE CORPORATE INTERNSHIP PROGRAM (CIP). 21 21 47 35 0 0 892103 1093182 1193182 1559935 5 2 156425 155060 2241715 2808179 0 234555 0 0 1617080 1673678 0 0 164422 938057 959290 2555137 2867523 -313422 -59344 501277 595285 1154770 1308122 -653493 -712837 X CHRIST THE KING PREPARATORY SCHOOL PROVIDES AN AFFORDABLE ALTERNATIVE FOR URBAN FAMILIES WHO WANT A SMALL, CATHOLIC, CO-EDUCATIONAL, COLLEGE PREPARATORY SECONDARY SCHOOL. THE HIGH SCHOOL ALSO ASSISTS STUDENTS THROUGH WORK PROGRAMS WITH CORPORATE SPONSORS AFFILIATED WITH THE CORPORATE INTERNSHIP PROGRAM (CIP). CHRIST THE KING PREP HAS FOUR CLASSES, 9TH, 10TH, 11TH AND 12TH GRADES. THE MAJORITY OF THE STUDENTS COME FROM NEWARK, IRVINGTON, AND EAST ORANGE AND 90% ARE ELIGIBLE FOR THE FEDERAL FREE AND REDUCED LUNCH PROGRAM. 0 0 2372715 234555 1659386 PROVIDE AN AFFORDABLE ALTERNATIVE FOR ECONOMICALLY DISADVANTAGED URBAN FAMILIES WHO WANT THEIR CHILDREN TO ATTEND A SMALL, CATHOLIC, CO-EDUCATIONAL, COLLEGE PREPARATORY SECONDARY SCHOOL, WITH A STUDENT BODY OF 260. 2372715 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 12 0 47 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X CHRIS PATAREK 9734830033 239 WOODSIDE AVE NEWARK NJ 07104 X X FR ROBERT SANDOZ 40.00 X X 0 0 0 JUNE M INDERWIES 2.00 X X 0 0 0 SISTER NANCY GRASSIA OSF 2.00 X X 0 0 0 JACK BRENNAN 2.00 X 0 0 0 SR JEANNE AGANS 2.00 X 0 0 0 THOMAS CARVER 2.00 X 0 0 0 BRO RALPH DARMENTO FSC 2.00 X 0 0 0 JUDGE JOHN J GIBBONS 2.00 X 0 0 0 ARTHUR N MARTIN JRESQ 2.00 X 0 0 0 PATRICK W MCGOVERN ESQ 2.00 X 0 0 0 ALBERT TOBIA 2.00 X 0 0 0 KATHY MITCHELL WEAVER 2.00 X 0 0 0 JOHN B WILSON 2.00 X 0 0 0 RICHARD FONTE 2.00 X 0 0 0 MATHEW R GLOWSKI 2.00 X 0 0 0 SR GLORIA O'BRIEN 2.00 X 0 0 0 BROTHER DANIEL O'RIORDAN FMS 2.00 X 0 0 0 EDWARD J WATERFIELD 2.00 X 0 0 0 BOBET BENNETT-MARSHALL 2.00 X 0 0 0 MONIQUE MCKEON 2.00 X 0 0 0 MONICA OLIVER 2.00 X 0 0 0 0 0 0 0 0 0 0 MASCHIO'S FOOD SERVICE 525 E MAIN STREET CHESTER NJ 07930 CAFETERIA SERVICE 102620 1 192595 900587 10500 1093182 CORPORATE INTERNSHIP P 611710 894150 894150 TUITION AND FEES 611710 665785 665785 1559935 2 2 81930 192595 68477 13453 13453 12760 0 12760 12760 CAFETERIA 900099 99451 99451 OTHER REVENUE 900099 21723 21723 FEE INCOME 900099 7673 7673 128847 2808179 1659386 0 55611 234555 234555 1297809 1059437 115584 122788 261154 220623 16163 24368 114715 96911 7100 10704 32794 32794 20593 19984 243 366 1647 1647 87840 75874 5770 6196 5428 5428 110587 110587 40442 26842 13600 6092 1063 5029 8649 8649 57781 57781 32835 32835 STIPENDS 262585 144206 118379 CAFETERIA 97963 97963 STUDENT ACTIVITIES 97091 97091 MAINTENANCE AND REPAIR 52749 52749 44214 44214 2867523 2372715 330386 164422 122910 77760 21509 13886 94285 166110 5621 5925 557984 314241 256952 243743 70000 17861 501277 595285 570445 762863 7047 269815 223702 314510 314510 1154770 1308122 X -733190 -946691 79697 163854 70000 -653493 -712837 501277 595285 -59344 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 70000 70000 1.00000 0 0 218661 41246 177415 97789 92047 5742 241534 180948 60586 243743 BILDER SCHOLARSHIP FUND 70000 F 70000 LINE OF CREDIT PAYABLE 314510 314510 X 2813624 240000 240000 2573624 234555 234555 2808179 2872968 240000 240000 2632968 234555 234555 2867523 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. 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 HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2010. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 234,555. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 234,555. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 OUR PUBLICATIONS, ADS, AND OPEN HOUSE PROGRAMS CLEARLY STATE THAT WE DO NOT DISCRIMINATE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 CHRIST THE KING PREPARATORY SCHOOL RECEIVED FINANCIAL AID OR ASSISTANCE FROM THE GOVERNMENT FOR TITLE I AND FOOD PROGRAM. HOWEVER, NO FUNDS WERE DIRECTLY RECEIVED BY THE SCHOOL. CAFETERIA MONIES WERE SENT DIRECTLY TO THE FOOD SERVICE PROVIDER. THE TITLE 1 MONIES WERE SENT DIRECTLY TO THE NEWARK BOARD OF EDUCATION TO PAY FOR TEXTBOOKS, NURSING SERVICES, COUNSELING, TESTING AND OTHER SERVICES. 2012 GALA 222085 156995 65090 17700 1690 23268 CASINO NIGHT 52440 35600 16840 4368 1096 5142 15213 274525 192595 81930 22068 1096 6832 38481 68477 13453 0 SCHOLARSHIPS 188 234555 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: TUITION ASSISTANCE IS INTERNAL AID GIVEN TO STUDENTS BASED ON THEIR FINANCIAL NEED. THE ADJUSTMENT IS THEN MADE TO THEIR YEARLY TUITION. FINANCIAL NEED IS SET THROUGH THE ADMISSIONS OFFICE AFTER REVIEWING DOCUMENTS FROM PSAS (PRIVATE SCHOOL AID SERVICES) AN INDEPENDENT THIRD PARTY GROUP THAT THE PARENTS SUBMIT THEIR FINANCIAL INFORMATION TO FOR EVALUATION OF THEIR ABILITY TO PAY THE CTK TUITION. THE SCHOOL PREDSIDENT THEN APPROVES ALL TUITIONS AS THEY ARE SET. MONITORING OF THIS PROCESS IS DONE IN THE BUSINESS OFFICE THRU THE MASTER TUITION FILE. FORM 990, PART VI, SECTION A, LINE 6 THE ARCHDIOCESE OF NEWARK IS THE MEMBER OF CHRIST THE KING PREPARATORY SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A ACCORDING TO THE BYLAWS, THE MEMBERS HAVE THE AUTHORITY TO ELECT ONE OR MORE MEMBERS TO THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE ARCHDIOCESE OF NEWARK, THE MEMBER, HAS THE AUTHORITY TO APPROVE DECISIONS MADE BY THE GOVERNING BODY OF CHRIST THE KING PREPARATORY SCHOOL. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PREPARED BY THE CHRIST THE KING BUSINESS OFFICE AND THE AUDITING FIRM WHICH IS HIRED TO DO THE ANNUAL AUDIT. THE 990 IS PREPARED IN CONJUNCTION WITH THE SCHOOL ADMINISTRATION AND DEVELOPMENT OFFICE. THE 990 IS ALSO REVIEWED BY THE CTK PREP BOARD FINANCE COMMITTEE. IT IS THEN SUBMITTED ELECTRONICALLY TO THE FULL BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C CHRIST THE KING PREPARATORY SCHOOL CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE BUSINESS MANAGER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE BUSINESS MANAGER WILL NOTIFY MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE BUSINESS MANAGER AND BE REPORTED TO THE GOVERNING BODY. IF THE BUSINESS MANAGER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE ASKED TO RECUSE THEMSELVES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES OF CHRIST THE KING ESTABLISHES COMPENSATION FOR ADMINISTRATIVE POSITIONS BY USING THE GUIDELINES FOR SALARIES IN THE MOAS BUDGET GUIDELINES ESTABLISHED BY THE CRISTO REY NETWORK, BY THE CURRENT GUIDELINES AND COMPARABLE POSITIONS OF THE ARCHDIOCESE OF NEWARK AS PROVIDED BY THE OFFICE OF THE SUPERINTENDENT OF SCHOOLS OF THE ARCHDIOCESE OF NEWARK, AND BY COMPARISON WITH SIMILAR SURROUNDING SCHOOLS. COMPENSATION FOR CTK FACULTY IS DEFINED BY THE SALARY SCALE APPROVED BY THE BOARD OF TRUSTEES. THIS SALARY SCALE IS DEVELOPED FROM THE CURRENT SCHOOL SALARY SCALE AND COMPARABLE POSITIONS OF THE ARCHDIOCESE OF NEWARK ESTABLISHED BY THE OFFICE OF THE SUPERINTENDENT OF SCHOOLS OF THE ARCHDIOCESE OF NEWARK AND BY COMPARISON WITH THE SALARY SCALES AT SIMILAR SURROUNDING SCHOOLS AND SCHOOLS WITHIN THE CRISTO REY NETWORK. SALARIES FOR CTK STAFF AND SUPPORT PERSONNEL ARE DEFINED BY THE WAGE GUIDELINES ESTABLISHED BY SIMILAR POSITIONS FOR EMPLOYEES OF THE ARCHDIOCESE AND OTHER RELATED PROFESSIONAL EMPLOYERS. (E.G. SECRETARIES, MAINTENANCE, DRIVERS, NJSIAA). FORM 990, PART VI, SECTION C, LINE 19 CHRIST THE KING PREPARATORY SCHOOL MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON REQUEST. IT IS ALSO AVAILABLE ON A WEBSITE CALLED WWW.GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND OTHER POLICIES ARE AVAILABLE UPON WRITTEN REQUEST AT 239 WOODSIDE AVENUE, NEWARK, NJ 07104 OR BY CALLING THE ORGANIZATION DIRECTLY AT (973)483-0033. FORM 990, PART VII, SECTION A LINE 1A: CRIST THE KING PREPARATORY SCHOOL PAYS A STIPEND FOR THE PRESIDENT'S SERVICES TO THE SCHOOL. THE PRESIDENT DOES NOT RECEIVE THE STIPEND DIRECTLY BUT RATHER IT IS PAID TO HIS RELIGIOUS ORDER. FORM 990 PART XII LINE 2C THE ORGANIZATION HAS A FINANCE AND FACILITIES COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CHRIST THE KING WORK STUDY PROGRAM INC 239 WOODSIDE AVENUE NEWARK NJ 07104 208330169 STUDENT'S EARNINGS FROM THE WORK STUDY PROGRAM SUPPLEMENT TUITION AND FEES NJ 501(C)(3) 170(B)(1)(A)(II) CHRIST THE KING PREPARATORY SCHOOL 0 ARCHDIOCESE OF NEWARK 171 CLIFTON AVENUE NEWARK NJ 07104 221487308 CHURCH NJ 501(C)(3) 170(B)(1)(A)(I) N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0