BETA

RIVERSTONE COMMUNITY SCHOOL INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
RIVERSTONE COMMUNITY SCHOOL INC (EIN 84-1373475)
Tax period
2013-07-01 to 2014-06-30
Filed
2014-11-25
IRS object ID
201443299349300104
Schema version
2013v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2014-11-25T11:17:32-06:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN264022510PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HARRIS & CO PLLCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12289 S BONITO WAY STE 100AddressLine1
CityMERIDIANCity
StateIDState
ZIP Code83642ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN841373475EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RIVERSTONE INTERNATIONAL SCHOOL INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlRIVEBusinessNameControlTxt
Phone2084245000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15521 WARM SPRINGS AVEAddressLine1
CityBOISECity
StateIDState
ZIP Code83716ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKURT LIEBICHPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2084245000PhoneNum
Signature2014-11-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOSH TYREEPreparerPersonNm
PTINP01431021PTIN
Phone2083338965PhoneNum
Preparation2014-11-14PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKURT LIEBICHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15521 WARM SPRINGS AVEAddressLine1
CityBOISECity
StateIDState
ZIP Code83716ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$4,893,120GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.RIVERSTONESCHOOL.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1996FormationYr
Legal Domicile StateIDLegalDomicileStateCd
Activity Or MissionTHE SCHOOL IS A UNIQUE INDEPENDENT SCHOOL THAT OFFERS AN EDUCATION BASED ON THE WORLD-RENOWNED PROGRAMS AND THE PHILOSOPHY OF THE INTERNATIONAL BACCALAUREATE ORGANIZATION. THROUGH A STRONG FOUNDATION BUILT ON THE FIVE PILLARS OF ACADEMIC EXCELLENCE, INTERNATIONAL UNDERSTANDING, COMMUNITY AND SERVICE, LEADERSHIP BY EXAMPLE, AND OUTDOOR EDUCATION, THE SCHOOL KNOWS AND NURTURES EVERY CHILD AND ENSURES THAT THEY REACH THEIR POTENTIAL IN A RESPECTFUL ENVIRONMENT.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee75TotalEmployeeCnt
Total Volunteers200TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$421,909PYContributionsGrantsAmt
CY Contributions Grants$206,759CYContributionsGrantsAmt
PY Program Service Revenue$3,908,811PYProgramServiceRevenueAmt
CY Program Service Revenue$4,501,630CYProgramServiceRevenueAmt
PY Investment Income$13,267PYInvestmentIncomeAmt
CY Investment Income$16,472CYInvestmentIncomeAmt
PY Other Revenue$102,849PYOtherRevenueAmt
CY Other Revenue$132,859CYOtherRevenueAmt
PY Total Revenue$4,446,836PYTotalRevenueAmt
CY Total Revenue$4,857,720CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,468,847PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,800,607CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$100,376CYTotalFundraisingExpenseAmt
PY Other Expenses$1,673,637PYOtherExpensesAmt
CY Other Expenses$1,873,601CYOtherExpensesAmt
PY Total Expenses$4,142,484PYTotalExpensesAmt
CY Total Expenses$4,674,208CYTotalExpensesAmt
PY Revenues Less Expenses$304,352PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$183,512CYRevenuesLessExpensesAmt
Total Assets BOY$8,418,608TotalAssetsBOYAmt
Total Assets EOY$8,215,107TotalAssetsEOYAmt
Total Liabilities BOY$6,149,951TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,762,938TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,268,657NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,452,169NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE SCHOOL IS A UNIQUE INDEPENDENT SCHOOL THAT OFFERS AN EDUCATION BASED ON THE WORLD-RENOWNED PROGRAMS AND THE PHILOSOPHY OF THE INTERNATIONAL BACCALAUREATE ORGANIZATION. THROUGH A STRONG FOUNDATION BUILT ON THE FIVE PILLARS OF ACADEMIC EXCELLENCE, INTERNATIONAL UNDERSTANDING, COMMUNITY AND SERVICE, LEADERSHIP BY EXAMPLE, AND OUTDOOR EDUCATION, THE SCHOOL KNOWS AND NURTURES EVERY CHILD AND ENSURES THAT THEY REACH THEIR POTENTIAL IN A RESPECTFUL ENVIRONMENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,045,240ExpenseAmt
Revenue$4,501,630RevenueAmt
DescPRIVATE SCHOOLING PROGRAM DEDICATED TO ACADEMIC EXCELLENCE AND GROWTH OF ITS STUDENTS; APPROXIMATELY 332 STUDENTS SERVED.Desc
Total Program Service Expenses$4,045,240TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee75EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1
FieldValueIRS element (for citing)
Phone2084245000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15521 WARM SPRINGS AVEAddressLine1
CityBOISECity
StateIDState
ZIP Code83716ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
KURT LIEBICH
CHAIR/TRUSTEE4.00Yes (X)$0$0$0
MORTON HARDWICK
VICE CHAIR/TRUSTEE2.00Yes (X)$0$0$0
PETER WACHTELL
TREASURER/TRUSTEE2.00Yes (X)$0$0$0
MARK LIEBICH
SECRETARY/TRUSTEE2.00Yes (X)$0$0$0
BRIAN BAVA
TRUSTEE1.00Yes (X)$0$0$0
MICHAEL BERGMANN
TRUSTEE1.00Yes (X)$0$0$0
JENNIFER DYE
TRUSTEE1.00Yes (X)$0$0$0
MICKEY MYHRE
TRUSTEE1.00Yes (X)$0$0$0
WILL NORTHROP
TRUSTEE1.00Yes (X)$0$0$0
NICOLE TOELDTE
TRUSTEE1.00Yes (X)$0$0$0
JEFF RUSSELL
TRUSTEE1.00Yes (X)$0$0$0
BEN SCHWARTZMAN
TRUSTEE1.00Yes (X)$0$0$0
ROBERT CARIGNAN
HEAD OF SCHOOL50.00$90,000$0$8,496Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$90,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$8,496TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$206,759AllOtherContributionsAmt
Noncash Contributions$3,493NoncashContributionsAmt
Total Contributions$206,759TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611110$4,346,932$4,346,932
STUDENT ACTIVITIES611110$151,498$151,498

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,200TotalRevenueColumnAmt
Related Or Exempt Func Income$3,200RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$4,501,630TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,472TotalRevenueColumnAmt
Exclusion$16,472ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$168,259FundraisingGrossIncomeAmt
Fundraising Direct Expenses$35,400FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$132,859TotalRevenueColumnAmt
Exclusion$132,859ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,857,720TotalRevenueColumnAmt
Related Or Exempt Func Income$4,501,630RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$149,331ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$108,858TotalAmt
Program Services$85,486ProgramServicesAmt
Management And General$20,139ManagementAndGeneralAmt
Fundraising$3,233FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,204,951TotalAmt
Program Services$1,908,336ProgramServicesAmt
Management And General$231,143ManagementAndGeneralAmt
Fundraising$65,472FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$285,881TotalAmt
Program Services$247,109ProgramServicesAmt
Management And General$30,283ManagementAndGeneralAmt
Fundraising$8,489FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$200,917TotalAmt
Program Services$173,190ProgramServicesAmt
Management And General$21,761ManagementAndGeneralAmt
Fundraising$5,966FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$14,422TotalAmt
Management And General$14,422ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$89,302TotalAmt
Management And General$89,302ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$45,737TotalAmt
Management And General$45,737ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$176,017TotalAmt
Program Services$163,998ProgramServicesAmt
Management And General$12,019ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$79,544TotalAmt
Program Services$63,038ProgramServicesAmt
Management And General$12,954ManagementAndGeneralAmt
Fundraising$3,552FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$24,697TotalAmt
Program Services$24,697ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$32,480TotalAmt
Program Services$32,480ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$237,014TotalAmt
Program Services$206,139ProgramServicesAmt
Management And General$24,232ManagementAndGeneralAmt
Fundraising$6,643FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$236,454TotalAmt
Program Services$203,823ProgramServicesAmt
Management And General$25,610ManagementAndGeneralAmt
Fundraising$7,021FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$93,455TotalAmt
Program Services$93,455ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
FACULTY REMISSION$234,398$234,398
REPAIRS$183,072$183,072
STUDENT ACTIVITIES$119,127$119,127
OUTDOOR ACTIVITIES$103,023$103,023

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$204,859TotalAmt
Program Services$203,869ProgramServicesAmt
Management And General$990ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,674,208TotalAmt
Program Services$4,045,240ProgramServicesAmt
Management And General$528,592ManagementAndGeneralAmt
Fundraising$100,376FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$122,430BOYAmt
EOY$88,418EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$114,649BOYAmt
EOY$74,473EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$41,241BOYAmt
EOY$25,668EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$35,062BOYAmt
EOY$99,849EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$25,644BOYAmt
EOY$27,253EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,412,427LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,665,642LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$7,958,502BOYAmt
EOY$7,746,785EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$121,080BOYAmt
EOY$152,661EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,418,608BOYAmt
EOY$8,215,107EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$361,312BOYAmt
EOY$387,151EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$584,019BOYAmt
EOY$636,906EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$621,000BOYAmt
EOY$667,575EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$4,120,000BOYAmt
EOY$3,933,000EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$360,300BOYAmt
EOY$18,962EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$103,320BOYAmt
EOY$119,344EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,149,951BOYAmt
EOY$5,762,938EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,119,985BOYAmt
EOY$2,424,354EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$148,672BOYAmt
EOY$27,815EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,268,657BOYAmt
EOY$2,452,169EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,418,608BOYAmt
EOY$8,215,107EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$183,512ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,368,000OtherCostOrOtherBasisAmt
Book Value$1,368,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,748,728OtherCostOrOtherBasisAmt
Depreciation$1,043,904DepreciationAmt
Book Value$5,704,824BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$721,188OtherCostOrOtherBasisAmt
Depreciation$155,543DepreciationAmt
Book Value$565,645BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$574,511OtherCostOrOtherBasisAmt
Depreciation$466,195DepreciationAmt
Book Value$108,316BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$7,746,785TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescINTEREST RATE SWAPDesc
Amt$119,344Amt
FieldValueIRS element (for citing)
Total Liability$119,344TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$4,893,120TotalRevEtcAuditedFinclStmtAmt
Other Revenue$35,400OtherRevenueAmt
Revenue Not Reported$35,400RevenueNotReportedAmt
Revenue Subtotal$4,857,720RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,857,720TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,709,608TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$35,400OtherExpensesIncludedAmt
Expenses Not Reported$35,400ExpensesNotReportedAmt
Expenses Subtotal$4,674,208ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,674,208TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:UNCERTAIN TAX POSITIONS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2014 OR 2013. THE SCHOOL FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE SCHOOL IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2010.
PART XI, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENTS EXPENSE NETTED AGAINST REVENUES 35,400.
PART XII, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENTS EXPENSE NETTED AGAINST REVENUES 35,400.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationNONDISCRIMINATORY POLICY PUBLISHED IN LOCAL NEWSPAPER.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Name Of Event1AUCTIONNameOfEvent1Amt
Gross Receipts Event1$168,259GrossReceiptsEvent1Amt
Gross Revenue Event1$168,259GrossRevenueEvent1Amt
Rent Facility Costs Event1$1,250RentFacilityCostsEvent1Amt
Food And Beverage Event1$3,138FoodAndBeverageEvent1Amt
Entertainment Event1$750EntertainmentEvent1Amt
Other Direct Expenses Event1$30,262OtherDirectExpensesEvent1Amt
Gross Receipts Total$168,259GrossReceiptsTotalAmt
Gross Revenue Total Events$168,259GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$1,250RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$3,138FoodAndBeverageTotalEventsAmt
Entertainment Total Events$750EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$30,262OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$35,400DirectExpenseSummaryEventsAmt
Net Income Summary$132,859NetIncomeSummaryAmt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WACHTELL FAMILY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Relationship With OrgBOARD MEMBERRelationshipWithOrgTxt
Loan PurposeLAND PURCHASELoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$621,000OriginalPrincipalAmt
Balance Due$667,575BalanceDueAmt
Default0DefaultInd
Board Or Committee ApprovalYes (1)BoardOrCommitteeApprovalInd
Written AgreementYes (1)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$667,575TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2TWO MEMBERS OF THE BOARD OF TRUSTEES, KURT LIEBICH AND MARK LIEBICH, HAVE A FAMILY RELATIONSHIP. ONE MEMBER OF THE BOARD OF TRUSTEES, PETER WACHTELL, DOES NOT QUALIFY AS INDEPENDENT DUE TO HIS AFFILIATION WITH THE WACHTELL FAMILY FOUNDATION, WHICH HOLDS A LOAN AS REPORTED ON SCHEDULE L.
FORM 990, PART VI, SECTION B, LINE 11A COPY OF FORM 990 IS DISTRIBUTED TO ALL TRUSTEES. THE TRUSTEES REVIEW THE FORM 990 BEFORE FILING AND REPORT ANY ITEMS OF CONCERN. THE BOARD OF TRUSTEES VOTES TO APPROVE THE FILING OF FORM 990.
FORM 990, PART VI, SECTION B, LINE 12CTHE BOARD CHAIR MONITORS THE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. IF ANY TRUSTEES BELIEVE A CONFLICT OF INTEREST EXISTS, THEY ARE EXCLUDED FROM COMMENTING AND VOTING ON THE ISSUE.
FORM 990, PART VI, SECTION B, LINE 15KEY EMPLOYEE EMPLOYMENT CONTRACTS ARE APPROVED BY THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS MAINTAINED AT THE ORGANIZATION'S PLACE OF BUSINESS AND MADE AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2C:PROCESS HAS NOT CHANGED FROM PRIOR YEAR.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.