2013-04-30T16:48:46-05:00 2012-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2011-07-01 135653140 CORLEARS SCHOOL CORL 2127412800 324 WEST 15TH STREET NEW YORK NY 10011 ROBERT FANTAUZZI 2127412800 2013-04-25 1 FREDERICK H ROTHMAN P01275277 2128674000 2011 2016-03-07 17:11:31Z ROBERT FANTAUZZI 324 WEST 15TH STREET NEW YORK NY 10011 6126142 0 X WWW.CORLEARSSCHOOL.ORG X 1970 NY TO OPERATE NON-PROFIT PRIVATE SCHOOL FOR STUDENTS AGED 3-9. 18 17 61 48 0 0 874959 532980 4330041 5102366 15516 10945 17629 20463 5238145 5666754 623603 742233 0 0 3306290 3763402 0 0 117900 1471784 1805527 5401677 6311162 -163532 -644408 16368254 16434871 11556987 12274782 4811267 4160089 X CORLEARS IS A PROGRESSIVE SCHOOL DEDICATED TO THE EDUCATION OF YOUNG CHILDREN THROUGH THE EARLY ELEMENTARY GRADES. THE ORGANIZATION SEEKS TO CULTIVATE JOY IN LEARNING THROUGH THE ACTIVE INVESTIGATION OF CORE CURRICULAR THEMES. THE ORGANIZATION IS COMMITTED TO THE STIMULATION OF INTELLECTUAL CURIOSITY. WE VALUE CREATIVE PROBLEM SOLVING AND SUPPORT THE GROWTH OF SOCIALLY AWARE STUDENTS WITHIN A DIVERSE, INTIMATE AND INVOLVED COMMUNITY. 0 0 4277559 742233 5102366 CORLEARS SCHOOL IS AN INDEPENDENT PROGRESSIVE SCHOOL FOR STUDENTS AGES 3-10. IT OFFERS PRE-K THROUGH FOURTH GRADE EDUCATIONAL SERVICES FOR 165 STUDENTS. 4277559 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 61 1 0 0 0 0 0 1 1 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 X ROBERT FANTAUZZI CORLEARS SCHOOL 2127412800 324 WEST 15TH STREET NEW YORK NY 10011 HEATHER MYERS 1.00 X X 0 0 0 SEAN MADDEN 1.00 X X 0 0 0 MICHAEL EMBLER 1.00 X X 0 0 0 NOAM SPANIER 1.00 X 0 0 0 SABRINA COUGHLIN 1.00 X 0 0 0 JODI HECHT 1.00 X 0 0 0 JODI RICHARD 1.00 X 0 0 0 LESLIE ELLWOOD 1.00 X 0 0 0 LEE KEMPLER 1.00 X 0 0 0 JULIE SALOMON 1.00 X 0 0 0 JO BURNSIDE 1.00 X 0 0 0 TOVA FERRO 1.00 X 0 0 0 STEVE CONDOS 1.00 X 0 0 0 ALFRED STEINER 1.00 X 0 0 0 DAKHIL HAUSIF 1.00 X 0 0 0 DARREN SEIRER 1.00 X 0 0 0 LAURIE GILMORE 1.00 X 0 0 0 ELIZABETH CUTLER 1.00 X 0 0 0 THYA MERZ 40.00 X 208429 0 24922 MEDARD THOMAS 40.00 X 65384 0 14072 ROBERT FANTAUZZI 40.00 X 130752 0 18529 404565 0 57523 2 0 1 0 0 173117 359863 532980 TUITION & FEES 611710 5055930 5055930 AFTER SCHOOL 611710 42950 42950 EARLY BIRD CHILD CARE 611710 3486 3486 5102366 10896 10896 388840 388791 49 49 49 87458 173117 70597 16861 16861 3505 0 3505 3505 OTHER INCOME 900099 97 97 97 5666754 5102366 0 31408 742233 742233 550923 277758 236127 37038 2471527 1621734 818425 31368 125181 83355 40680 1146 388729 249010 132016 7703 227042 143290 78792 4960 4760 4760 26800 26800 19135 19135 2115 2115 304472 59169 245177 126 3261 414 2847 714053 576524 137529 23544 23544 86740 60687 26053 423804 381424 42380 5143 5143 191700 39282 116859 35559 6311162 4277559 1915703 117900 1086785 594241 1613295 1479106 901022 364890 16447 14768 1402388 1401000 25489 22706 14248980 1916414 10890736 12332566 337638 225594 94454 16368254 16434871 484836 495094 1884258 1926520 9051643 9702918 136250 150250 11556987 12274782 X 4556263 3905085 255004 255004 4811267 4160089 16368254 16434871 X -644408 -6770 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 255004 2939 2939 255004 255004 37625 37625 255004 255004 33683 33683 255004 255004 255004 1.00000 0 0 453000 453000 12604627 1177396 11427231 380633 335658 44975 810720 403360 407360 12332566 STUDENT BONDS PAYABLE 150250 150250 5666754 6311162 -644408 -6770 -6770 -651178 4988348 -6770 70597 63827 4924521 742233 742233 5666754 5639526 70597 70597 5568929 742233 742233 6311162 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PART V LINE 4- THE SCHOOL'S ENDOWMENT FUND INCOME IS AVAILABLE FOR GENERAL OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2009 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES DIRECT COST OF SPECIAL EVENTS 70,597. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS 742,233. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENTS 70,597. RENTAL EXPENSES PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS 742,233. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 SCHOOL'S APPLICATION & NEWSPAPER AD ANNUAL AUCTION 225047 173117 51930 39875 750 14810 BOOK FAIR 11443 11443 4883 2 24085 24085 10279 260575 173117 87458 39875 750 29972 70597 16861 1 FINANCIAL AID 30 742233 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE BOARD ANNUALLY MEETS TO DECIDE THE TUITION ASSISTANCE BEING AWARDED FOR THE YEAR. ALL AMOUNTS ARE REVIEWED AND APPROVED IN THE FOLLOWING MANNER: FAMILIES ARE REQUIRED TO REGISTER AND PROVIDE EARNINGS DATA TO A THIRD PARTY FINANCIAL EVALUATOR OFFERED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE TUITION ASSISTANCE COMMITTEE REVIEWS THE INFORMATION AND MAKES A DECISION BASED UPON NEED. THIS PROCEDURE IS DONE ANNUALLY IN MARCH. X X 0 0 0 0 0 0 0 0 0 THYA MERZ 208171 0 0 0 258 0 15575 0 9347 0 233351 0 0 0 NOAM SPANIER BOARD MEMBER 58800 RENTED SPACE 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE DIRECTOR REVIEWS THE FORM 990 AND OFFERS ACCESS TO MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. ANNUAL COMPLETION OF CONFLICT OF INTEREST FORMS ARE REQUIRED BY BOARD MEMBERS AND OFFICERS AND SUBSEQUENTLY REVIEWED BY A BOARD OF TRUSTEES. IF A CONFLICT EXISTS, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. A DETERMINATION WILL THEN BE MADE BY THE COMMITTEE WHETHER CORLEARS SCHOOL CAN PROCEEED WITH THE TRANSACTION BASED ON THE UNDERLYING FACTS AND CIRCUMSTANCES. FORM 990, PART VI, SECTION C, LINE 19 BOARD STRIVES TO MAKE MINUTES AVAILABLE AND PUBLICIZES MAJOR BOARD DECISION THROUGH NUMEROUS COMMUNICATION METHODS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -6,770. FORM 990, PART XII, LINE 2C THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.