LAUREL SCHOOL: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- LAUREL SCHOOL (EIN 34-0714451)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-15
- IRS object ID
- 201301359349303520
- Schema version
- 2011v1.5
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-15T11:58:04-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MALONEY NOVOTNY LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 SUPERIOR AVENUE SUITE 700 | AddressLine1 |
| City | CLEVELAND | City |
| State | OH | State |
| ZIP Code | 44114 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 340714451 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAUREL SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % LINDA S HURLEY | InCareOfName |
| Name Control | LAUR | NameControl |
| Phone | 2164641441 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 LYMAN CIRCLE | AddressLine1 |
| City | SHAKER HEIGHTS | City |
| State | OH | State |
| ZIP Code | 44122 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LINDA HURLEY | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Date Signed | 2013-05-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHRISTOPHER B ANDERSON | Name |
| Phone | 2163630100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ANN V KLOTZ | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 LYMAN CIRCLE | AddressLine1 |
| City | SHAKER HEIGHTS | City |
| State | OH | State |
| ZIP Code | 44122 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 35341490 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LAURELSCHOOL.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1926 | YearFormation |
| State Legal Domicile | OH | StateLegalDomicile |
| Activity Or Mission Description | THE MISSION OF LAUREL SCHOOL IS TO INSPIRE EACH GIRL TO FULFILL HER PROMISE AND TO BETTER THE WORLD. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 28 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 28 | NbrIndependentVotingMembers |
| Total Nbr Employees | 333 | TotalNbrEmployees |
| Total Nbr Volunteers | 100 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 4489857 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3910855 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 14663872 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 15488927 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2587485 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1035336 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 8412 | OtherRevenuePriorYear |
| Other Revenue Current Year | 22943 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 21749626 | TotalRevenuePriorYear |
| Total Revenue Current Year | 20458061 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2377945 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2475341 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11139165 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 11943539 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1202573 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 6642347 | OtherExpensePriorYear |
| Other Expenses Current Year | 6991086 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 20159457 | TotalExpensesPriorYear |
| Total Expenses Current Year | 21409966 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1590169 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -951905 | RevenuesLessExpensesCY |
| Total Assets BOY | 82735085 | TotalAssetsBOY |
| Total Assets EOY | 80196171 | TotalAssetsEOY |
| Total Liabilities BOY | 21807281 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 24511520 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 60927804 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 55684651 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF LAUREL SCHOOL IS TO INSPIRE EACH GIRL TO FULFILL HER PROMISE AND TO BETTER THE WORLD. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 17397411 | Expense |
| Grants | 2475341 | Grants |
| Revenue | 15488927 | Revenue |
| Description | LAUREL SCHOOL, FOUNDED IN 1896, IS A NATIONALLY-RECOGNIZED COLLEGE PREPARATORY, INDEPENDENT DAY SCHOOL FOR GIRLS, KINDERGARTEN THROUGH GRADE 12, WITH A COEDUCATIONAL EARLY CHILDHOOD PROGRAM. LAUREL SCHOOL HAS TWO CAMPUSES AFFORDING STUDENTS OPPORTUNITIES TO LEARN IN TRADITIONAL SETTINGS SUCH AS LABS, STUDIOS, AND LIBRARIES, AS WELL AS IN OUR UNIQUE ENVIRONMENTAL CLASSROOMS. THE LYMAN CIRCLE CAMPUS IS HOME TO ALL FOUR ACADEMIC DIVISIONS. THE BUTLER CAMPUS FEATURES EXTENSIVE ATHLETIC FACILITIES AND OPPORTUNITIES FOR OUTDOOR EDUCATION AND LEADERSHIP-BUILDING PROGRAMS. LAUREL SCHOOL HAS APPROXIMATELY 660 STUDENTS ENROLLED. | Description |
| Total Program Service Expense | 17397411 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 40 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 333 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 28 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 28 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LINDA S HURLEY | NamePerson |
| Telephone Number | 2164641441 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 LYMAN CIRCLE | AddressLine1 |
| City | SHAKER HEIGHTS | City |
| State | OH | State |
| ZIP Code | 44122 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (31 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Kenneth C Moore | |||||||
| Chair | 6.0 | X | X | 0 | 0 | 0 | |
| Elizabeth Embrescia | |||||||
| Vice Chair | 4.0 | X | X | 0 | 0 | 0 | |
| Deborah Chisholm Hull | |||||||
| Secretary | 4.0 | X | X | 0 | 0 | 0 | |
| Douglas Preiser | |||||||
| Treasurer | 4.0 | X | X | 0 | 0 | 0 | |
| Linda Abraham-Silver | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Teresa Beasley | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Shannon Blackwell | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Tim Curtiss | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Daniel LDeSantis | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Timothy D Dixon | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Sarah MacCracken Donnelly | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Judith Embrescia | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Lee Hoffman | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Carey Jaros | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Anne Conway Juster | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Bettina Katz | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Terry Horvitz Kovel | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Paige Lauster | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Bruce Mavec | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| John McCue | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Paul Meeker | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Jacquelyn Nance | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Melissa O'Dwyer | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Victoria Anderson Patacca | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Nancy Phelps Seitz | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Lois Nook Sussen | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Elizabeth Hosler Voudouris | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Lynette Jackson | |||||||
| President, Alumnae Assoc | 2.0 | X | 0 | 0 | 0 | ||
| Ann V Klotz | |||||||
| Head of School | 60.0 | X | 245875 | 0 | 76801 | ||
| Linda S Hurley | |||||||
| Chief Financial Officer | 50.0 | X | 132431 | 0 | 14749 | ||
| Deborah Farquhar Jones | |||||||
| Dir of Development | 50.0 | 133901 | 0 | 14706 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 512207 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 106256 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SAGE DINING SERVICES INC | |||||
| 222 BOSLEY AVENUE SUITE 37 | TOWSON | MD | 21204 | FOOD SERVICES | 632501 |
| ALBERT M HIGLEY COMPANY | |||||
| 2926 CHESTER AVENUE | CLEVELAND | OH | 44114 | CONSTRUCTION MGMT | 2058310 |
| STREET DIXON RICK ARCHITECTURE P | |||||
| 107 KENNER AVENUE | NASHVILLE | TN | 37205 | ARCHITECTURAL SVCS | 172604 |
| WILLO TRANSPORTATION | |||||
| 34799 CURTIS BLVD UNIT A | EASTLAKE | OH | 44095 | TRANSPORTATION SVCS | 137851 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Fundraising Events | 93376 | FundraisingEvents |
| Government Grants | 495107 | GovernmentGrants |
| All Other Contributions | 3322372 | AllOtherContributions |
| Noncash Contributions | 515269 | NoncashContributions |
| Total Contributions | 3910855 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 900099 | 14952569 | 14952569 |
| AUXILIARY OPERATIONS | 900099 | 394317 | 394317 |
| OTHER OPERATING REVENUE | 900099 | 142041 | 142041 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 15488927 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 768531 | TotalRevenueColumn |
| Exclusion | $768,531 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 15086338 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 14819533 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 266805 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 266805 | TotalRevenueColumn |
| Exclusion | $266,805 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 86839 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 93376 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 63896 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 22943 | TotalRevenueColumn |
| Exclusion | $22,943 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 20458061 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15488927 | RelatedOrExemptFunctionIncome |
| Exclusion | $1,058,279 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2475341 | Total |
| Program Services | 2475341 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 409296 | Total |
| Program Services | 322560 | ProgramServices |
| Management And General | 60741 | ManagementAndGeneral |
| Fundraising | 25995 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8816814 | Total |
| Program Services | 6948388 | ProgramServices |
| Management And General | 1308454 | ManagementAndGeneral |
| Fundraising | 559972 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 121802 | Total |
| Program Services | 95990 | ProgramServices |
| Management And General | 18076 | ManagementAndGeneral |
| Fundraising | 7736 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1920858 | Total |
| Program Services | 1513797 | ProgramServices |
| Management And General | 285064 | ManagementAndGeneral |
| Fundraising | 121997 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 674769 | Total |
| Program Services | 531774 | ProgramServices |
| Management And General | 100139 | ManagementAndGeneral |
| Fundraising | 42856 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 275 | Total |
| Program Services | 217 | ProgramServices |
| Management And General | 41 | ManagementAndGeneral |
| Fundraising | 17 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36985 | Total |
| Program Services | 29147 | ProgramServices |
| Management And General | 5489 | ManagementAndGeneral |
| Fundraising | 2349 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37500 | Total |
| Program Services | 29553 | ProgramServices |
| Management And General | 5565 | ManagementAndGeneral |
| Fundraising | 2382 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 290892 | Total |
| Program Services | 229247 | ProgramServices |
| Management And General | 43170 | ManagementAndGeneral |
| Fundraising | 18475 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 349853 | Total |
| Program Services | 275713 | ProgramServices |
| Management And General | 51920 | ManagementAndGeneral |
| Fundraising | 22220 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 398302 | Total |
| Program Services | 313895 | ProgramServices |
| Management And General | 59110 | ManagementAndGeneral |
| Fundraising | 25297 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29590 | Total |
| Program Services | 23320 | ProgramServices |
| Management And General | 4391 | ManagementAndGeneral |
| Fundraising | 1879 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 690679 | Total |
| Program Services | 544313 | ProgramServices |
| Management And General | 102500 | ManagementAndGeneral |
| Fundraising | 43866 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1594536 | Total |
| Program Services | 1256628 | ProgramServices |
| Management And General | 236636 | ManagementAndGeneral |
| Fundraising | 101272 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97402 | Total |
| Program Services | 76761 | ProgramServices |
| Management And General | 14455 | ManagementAndGeneral |
| Fundraising | 6186 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| EQUIP RENTAL & MAINT | 655567 | 516642 | 97289 | 41636 |
| FOOD SERVICE | 605290 | 477019 | 89828 | 38443 |
| OUTSIDE CONTRACTED SERVICES | 465807 | 367095 | 69128 | 29584 |
| UTILITIES | 313241 | 246860 | 46486 | 19895 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1425167 | Total |
| Program Services | 1123151 | ProgramServices |
| Management And General | 211500 | ManagementAndGeneral |
| Fundraising | 90516 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21409966 | Total |
| Program Services | 17397411 | ProgramServices |
| Management And General | 2809982 | ManagementAndGeneral |
| Fundraising | 1202573 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1334488 | BOY |
| EOY | 1397471 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1497052 | BOY |
| EOY | 548327 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4766871 | BOY |
| EOY | 5755985 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 213905 | BOY |
| EOY | 103995 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 506042 | BOY |
| EOY | 606217 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 43316318 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 16344642 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25779699 | BOY |
| EOY | 26971676 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45958373 | BOY |
| EOY | 43866680 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2678655 | BOY |
| EOY | 945820 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82735085 | BOY |
| EOY | 80196171 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1425838 | BOY |
| EOY | 1444098 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 419289 | BOY |
| EOY | 280863 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16000000 | BOY |
| EOY | 16000000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3962154 | BOY |
| EOY | 6786559 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21807281 | BOY |
| EOY | 24511520 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32536016 | BOY |
| EOY | 28840557 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8412945 | BOY |
| EOY | 6509916 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19978843 | BOY |
| EOY | 20334178 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60927804 | BOY |
| EOY | 55684651 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82735085 | BOY |
| EOY | 80196171 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -951905 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -4291248 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 41024695 | BeginningOfYearBalance |
| Contributions | 1263918 | Contributions |
| Investment Earnings Or Losses | -542606 | InvestmentEarningsOrLosses |
| Other Expenditures | 1444957 | OtherExpenditures |
| End Of Year Balance | 40301050 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 35092235 | BeginningOfYearBalance |
| Contributions | 642204 | Contributions |
| Investment Earnings Or Losses | 6778002 | InvestmentEarningsOrLosses |
| Other Expenditures | 1487746 | OtherExpenditures |
| End Of Year Balance | 41024695 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 31153302 | BeginningOfYearBalance |
| Contributions | 1038415 | Contributions |
| Investment Earnings Or Losses | 3786729 | InvestmentEarningsOrLosses |
| Other Expenditures | 886211 | OtherExpenditures |
| End Of Year Balance | 35092235 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 40388936 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -7106327 | InvestmentEarningsOrLosses |
| Other Expenditures | 2129307 | OtherExpenditures |
| End Of Year Balance | 31153302 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.51023 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.42921 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.06056 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2690685 | OtherCostOrOtherBasis |
| Book Value | 2690685 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 27018497 | OtherCostOrOtherBasis |
| Depreciation | 10477862 | Depreciation |
| Book Value | 16540635 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2789015 | OtherCostOrOtherBasis |
| Depreciation | 1922444 | Depreciation |
| Book Value | 866571 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10818121 | OtherCostOrOtherBasis |
| Depreciation | 3944336 | Depreciation |
| Book Value | 6873785 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 26971676 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| TUITION DEPOSITS | $872,745 |
| GIFT ANNUITY LIABILITY | $453,249 |
| AGENCY FUNDS | $161,301 |
| INTEREST RATE SWAP LIABILITY | $5,299,264 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 6786559 | TotalOfAmounts |
| Total Revenue | 20458061 | TotalRevenue |
| Total Expenses | 21409966 | TotalExpenses |
| Excess Or Deficit For Year | -951905 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1594567 | NetUnrealizedGLOnInvestments |
| Other | -$2,696,681 | OtherAmount |
| Total Adjustments | -4291248 | TotalAdjustments |
| Excess Or Deficit Per FS | -5243153 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 13691472 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1594567 | NetUnrealizedGainsInvestments |
| Other Revenues | -2696681 | OtherRevenues |
| Revenue Not Rptd F990 | -4291248 | RevenueNotRptdF990 |
| Revenue Subtotal | 17982720 | RevenueSubtotal |
| Other Revenues Not Included | 2475341 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2475341 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 20458061 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 18934625 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 18934625 | ExpensesSubtotal |
| Other Expenses Not Included | 2475341 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2475341 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 21409966 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| INTENDED USES OF ENDOWMENT FUNDS, | PART V, LINE 4: | DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE SPENT IN COMPLIANCE WITH THE DONOR'S RESTRICTIONS APPLICABLE TO THE FUNDS BEING DISTRIBUTED. ANNUAL DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE DETERMINED USING A MIXED SPENDING RULE OF 80 PERCENT OF THE PRIOR YEAR SPENDING AND 20 PERCENT OF THE 5 PERCENT SPENDING RATE TIMES THE ENDOWMENT MARKET VALUE. ALL EXPENDITURES FROM THE ENDOWMENT FUNDS ARE USED TO FURTHER THE EDUCATIONAL PURPOSES OF THE SCHOOL. |
| OTHER CHANGE IN NET ASSETS, | PART XI, LINE 8: | CHANGE IN INTEREST RATE SWAP LIABILITY: ($2,696,681) |
| OTHER CHANGES IN REVENUE, | PART XII, LINE 2D: | CHANGE IN INTEREST RATE SWAP LIABILITY: ($2,696,681) |
| OTHER CHANGES IN REVENUE, | PART XII, LINE 4B: | STUDENT FINANCIAL AID, WHICH WAS SHOWN ON FINANCIAL STATEMENTS AS A REDUCTION OF REVENUE INSTEAD OF BEING SHOWN AS AN EXPENSE: $2,475,341 |
| OTHER CHANGES IN EXPENSES, | PART XIII, LINE 4B: | STUDENT FINANCIAL AID, WHICH WAS SHOWN ON FINANCIAL STATEMENTS AS A REDUCTION OF REVENUE INSTEAD OF BEING SHOWN AS AN EXPENSE: $2,475,341 |
| FIN 48 (ASC 740) FOOTNOTE, | PART X, LINE 2: | THE SCHOOL IS A NON-PROFIT ORGANIZATION THAT IS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS IMPLEMENTED PROVISIONS OF "ACCOUNTING FOR INCOME TAXES" WHICH CLARIFY THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE PROVISIONS PRESCRIBE CERTAIN CRITERIA FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THESE PROVISIONS ALSO PROVIDE GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THERE WERE NO UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2012. AS OF JUNE 30, 2012, THE SCHOOL'S INCOME TAX YEARS FROM 2008 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PUBLICATION OF RACIALLY NON-DISCRIMINATORY POLICY, | LINE 3: | LAUREL SCHOOL PUBLISHES NOTICES OF ITS RACIALLY NON-DISCRIMINATORY POLICY IN ITS ADMISSION MATERIALS AND IN ITS SCHOOL MAGAZINE WHICH IS DISTRIBUTED TO CURRENT AND PROSPECTIVE STUDENTS. |
| ASSISTANCE FROM GOVERNMENTAL AGENCY, | LINE 6A: | LAUREL SCHOOL RECEIVES FUNDING FROM THE STATE OF OHIO FOR SALARIES AND PROFESSIONAL FEES AND TO REIMBURSE THE SCHOOL FOR STATE-MANDATED SERVICES. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 171855 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 93376 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 78479 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 5700 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 54814 | OtherDirectExpensesEvent1 |
| Name Of Event2 | BAZAAR | NameOfEvent2 |
| Gross Receipts Event2 | 8360 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 8360 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 3382 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 180215 | GrossReceiptsTotal |
| Charitable Contributions Total | 93376 | CharitableContributionsTotal |
| Gross Revenue Total Events | 86839 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 5700 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 58196 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 63896 | DirectExpenseSummaryEvents |
| Net Income Summary | 22943 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 251 | NumberOfRecipients |
| Amount Of Cash Grant | 2475341 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | MONITORING USE OF GRANT FUNDS, | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | THE SCHOOL CREDITS THE BILLING ACCOUNT OF EACH RECIPIENT FOR THE AMOUNT OF THE SCHOLARSHIP. IN THIS WAY, THE SCHOOL IS ASSURED THAT THE SCHOLARSHIPS ARE USED FOR THE INTENDED PURPOSE OF DEFRAYING EDUCATIONAL EXPENSES FOR EACH RECIPIENT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Payments For Use Of Residence | X | PaymentsForUseOfResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Ann V Klotz | NamePerson |
| Base Compensation Filing Org | 245875 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 5010 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 71791 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 322676 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| BENEFITS PROVIDED TO CERTAIN INDIVIDUALS, | PART I, LINE 1A: | THE SCHOOL PROVIDES A HOUSE TO THE HEAD OF SCHOOL, ANN KLOTZ, BECAUSE SHE CONDUCTS A SUBSTANTIAL AMOUNT OF SCHOOL BUSINESS IN HER RESIDENCE. THE HOUSE IS ON THE SCHOOL'S SHAKER HEIGHTS CAMPUS. BECAUSE OF THE SUBSTANTIAL BUSINESS USE OF THE RESIDENCE, THE SCHOOL DOES NOT TREAT THIS BENEFIT AS TAXABLE TO MS. KLOTZ. |
| ADDITIONAL INFORMATION REGARDING NONTAXABLE BENEFITS, | PART II, COLUMN D: | THE AMOUNT OF NONTAXABLE BENEFITS SHOWN IN COLUMN D FOR MS. KLOTZ CONSISTS OF THE FOLLOWING: CONTRIBUTIONS TO WELFARE PLANS (MEDICAL, DENTAL, LIFE, DISABILITY): $15,393; TUITION REMISSION FOR 2 CHILDREN: $48,964; CAR: $7,434; TOTAL: $71,791. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 341029691 | IssuerEIN |
| CUSIP Number | 186102AB5 | CUSIPNumber |
| Date Issued | 2008-04-10 | DateIssued |
| Issue Price | 16000000 | IssuePrice |
| Description Of Purpose | EDUCATIONAL FACILITY BONDS | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 0 | AmountRetired |
| Amount Bond Defeased | 0 | AmountBondDefeased |
| Total Proceeds | 16000000 | TotalProceeds |
| Amount In Reserve Fund | 0 | AmountInReserveFund |
| Capitalized Interest | 0 | CapitalizedInterest |
| Refunding Escrow | 0 | RefundingEscrow |
| Issuance Costs From Proceeds | 271037 | IssuanceCostsFromProceeds |
| Credit Enhancement | 0 | CreditEnhancement |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 6345330 | CapitalExpenditures |
| Other Spent Proceeds | 9105000 | OtherSpentProceeds |
| Amount Unspent | 252039 | AmountUnspent |
| Year Of Subst Completion | 2011 | YearOfSubstCompletion |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | false | FinalAllocationMade |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | false | VariableRateIssue |
| Hedge Identified In Books And Recds | true | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PIPER JAFFRAY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 30. | TermOfHedge |
| Superintegrated Hedge | false | SuperintegratedHedge |
| Hedge Terminated | false | HedgeTerminated |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 48 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 514204 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | ATHLETIC MATERIALS | 2 | 604 | FMV |
| X | PROGRAM MATERIALS | 8 | 461 | FMV |
| X | OTHER | 8 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| USE OF THIRD PARTIES, | PART I, LINE 32B: | DONORS MAKING A GIFT OF SECURITIES TO LAUREL SCHOOL ARE DIRECTED TO TRANSFER THEIR SHARES OF STOCK TO THE SCHOOL'S ACCOUNT AT UBS FINANCIAL SERVICES. UBS IS INSTRUCTED TO SELL ALL SECURITIES TRANSFERRED TO THE ACCOUNT AND TO FORWARD THE PROCEEDS TO THE SCHOOL. THE FEES CHARGED BY UBS ARE AT FAIR MARKET VALUE AND ARE IN ACCORDANCE WITH FEES CHARGED TO OTHER UBS CLIENTS. |
| REASON FOR NOT BOOKING REVENUE, | PART I, LINE 33: | ITEMS DONATED WERE USED ITEMS THAT WERE NOT MATERIAL IN VALUE. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| MEMBERS OF THE CORPORATION, | FORM 990, PART VI, LINE 6: | THE MEMBERS OF THE CORPORATION ARE THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS IS COMPRISED OF THE MEMBER DIRECTORS, EX-OFFICIO DIRECTORS, AND DIRECTORS EMERITAE/I. |
| POWERS OF THE MEMBERS OF THE CORPORATION, | FORM 990, PART VI, LINE 7A: | THE AUTHORITY OF THE SCHOOL IS EXERCISED BY THE BOARD OF DIRECTORS. THE DIRECTORS' PRIMARY DUTIES INCLUDE THE HIRING AND EVALUATION OF THE HEAD OF SCHOOL, THE SETTING OF GENERAL INSTITUTIONAL POLICIES, FINANCIAL OVERSIGHT, STRATEGIC PLANNING, FUND RAISING, AND ASSESSMENT OF THE SCHOOL'S EFFECTIVENESS IN MANIFESTING THE MISSION OF LAUREL. |
| FORM 990 REVIEW, | FORM 990, PART VI, LINE 11B: | THE BOARD OF TRUSTEES HAS DELEGATED THE RESPONSIBILITY TO REVIEW FORM 990 PRIOR TO ITS FILING TO THE AUDIT/FINANCE COMMITTEE. THE INDEPENDENT ACCOUNTING FIRM ASSISTS WITH THIS REVIEW. |
| MONITORING AND ENFORCEMENT OF CONFLICT POLICY, | FORM 990, PART VI, LINE 12C: | CONFLICTS ARE IDENTIFIED VIA THE ANNUAL DISCLOSURE DOCUMENTS. SUCH CONFLICTS ARE SHARED WITH THE BOARD OF TRUSTEES AS APPROPRIATE. WHEN A CONFLICT ARISES, THE AFFECTED INDIVIDUAL IS NOT PERMITTED TO PARTICIPATE IN THE DISCUSSIONS OR TO VOTE ON THE MATTER. THE APPROVAL OR REJECTION OF THE TRANSACTION IS MADE BY PERSONS WHO ARE INDEPENDENT OF THE INDIVIDUAL WITH THE CONFLICT. |
| COMPENSATION REVIEW AND APPROVAL, | FORM 990, PART VI, LINE 15: | THE COMPENSATION OF THE HEAD OF THE SCHOOL IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE USES COMPARABILITY DATA IN THEIR DELIBERATIONS AND DOCUMENTS THEIR DECISION-MAKING PROCESS IN THE MINUTES. THE BOARD MEMBERS MAKING THE COMPENSATION DECISION ARE INDEPENDENT OF THE HEAD OF THE SCHOOL. |
| AVAILABILITY OF DOCUMENTS, | FORM 990, PART VI, LINE 19: | THE SCHOOL DOES NOT MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, OR CONFLICT POLICY AVAILABLE TO THE GENERAL PUBLIC. |
| BOARD APPROVAL OF POLICIES, | FORM 990, PART VI, LINES 13, 14, AND 16: | LAUREL SCHOOL'S MANAGEMENT HAS DEVELOPED AND IMPLEMENTED A WRITTEN WHISTLEBLOWER POLICY, A DOCUMENT RETENTION POLICY, AND A POLICY FOR JOINT VENTURES. THESE POLICIES WERE NOT APPROVED BY THE BOARD OF TRUSTEES BY THE END OF THE FISCAL YEAR. AS SUCH, THE SCHOOL IS REQUIRED TO ANSWER THESE QUESTIONS "NO" IN PART VI OF FORM 990 EVEN THOUGH SUCH POLICIES ARE IN PLACE. |
| OTHER CHANGES IN NET ASSETS, | FORM 990, PART XI, LINE 5: | UNREALIZED LOSS ON INVESTMENTS: ($1,594,567); CHANGE IN INTEREST RATE SWAP LIABILITY: ($2,696,681); TOTAL ADJUSTMENT: ($4,291,248) |
| DISTRIBUTION OF FORM 990 TO GOVERNING BODY, | FORM 990, PART VI, LINE 11A: | THE SCHOOL DISTRIBUTES A COPY OF FORM 990 TO ALL BOARD MEMBERS BUT REDACTS THE NAMES AND ADDRESSES OF DONORS FROM SCHEDULE B. THE SCHOOL HAS CHOSEN NOT TO DISCLOSE THE IDENTITY OF ITS DONORS, PARTICULARLY IN CASES IN WHICH THE DONOR WANTS TO REMAIN ANONYMOUS. AS SUCH, WE ARE REQUIRED TO ANSWER THE QUESTION IN LINE 11A "NO" EVEN THOUGH THE BOARD RECEIVES ALL OF FORM 990 EXCEPT FOR DONORS' NAMES AND ADDRESSES. |
| CHANGES TO ORGANIZING DOCUMENTS, | FORM 990, PART VI, LINE 4: | THE BOARD OF DIRECTORS AMENDED ITS CODE OF REGULATIONS TO, AMONG OTHER THINGS, CHANGE THE MEMBERSHIP PROVISIONS OF THE CORPORATION. THE MEMBERS OF THE CORPORATION NOW ARE SOLELY THE BOARD OF DIRECTORS. OTHER CHANGES INCLUDED AN INCREASE IN THE MAXIMUM NUMBER OF DIRECTORS FROM 28 TO 30. |
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