2013-05-13T14:40:03-05:00 2012-06-30 271728945 O'CONNOR DAVIES LLP 15 ESSEX RD PARAMUS NJ 076521412 990 2011-07-01 061803490 CHRIST THE KING PREPARATORY SCHOOL CHRI 9734830033 239 WOODSIDE AVENUE NEWARK NJ 07104 FR ROBERT SANDOZ 9734830033 2013-05-13 1 BRIAN M FLYNN P00739850 2017129800 2011 2016-02-24 21:20:13Z FR ROBERT SANDOZ 239 WOODSIDE AVE NEWARK NJ 07104 2294234 0 X WWW.CTKPREP.ORG X 2006 NJ CHRIST THE KING PREPARATORY SCHOOL PROVIDES AN AFFORDABLE ALTERNATIVE FOR URBAN FAMILIES WHO WANT A SMALL, CATHOLIC, CO-EDUCATIONAL, COLLEGE PREPARATORY SECONDARY SCHOOL. THE HIGH SCHOOL ALSO ASSISTS STUDENTS THROUGH WORK PROGRAMS WITH CORPORATE SPONSORS AFFILIATED WITH THE CORPORATE INTERNSHIP PROGRAM (CIP). 18 18 51 35 0 0 1194101 892103 1068473 1193182 216 5 142611 156425 2405401 2241715 0 0 0 0 1629061 1617080 0 0 155735 1109404 938057 2738465 2555137 -333064 -313422 756152 501277 1096223 1154770 -340071 -653493 X CHRIST THE KING PREPARATORY SCHOOL PROVIDES AN AFFORDABLE ALTERNATIVE FOR URBAN FAMILIES WHO WANT A SMALL, CATHOLIC, CO-EDUCATIONAL, COLLEGE PREPARATORY SECONDARY SCHOOL. THE HIGH SCHOOL ALSO ASSISTS STUDENTS THROUGH WORK PROGRAMS WITH CORPORATE SPONSORS AFFILIATED WITH THE CORPORATE INTERNSHIP PROGRAM (CIP). CHRIST THE KING PREP HAS FOUR CLASSES, 9TH, 10TH, 11TH AND 12TH GRADES. THE MAJORITY OF THE STUDENTS COME FROM NEWARK, IRVINGTON, AND EAST ORANGE AND 90% ARE ELIGIBLE FOR THE FEDERAL FREE AND REDUCED LUNCH PROGRAM. 0 0 1756399 1342519 TO PROVIDE AN AFFORDABLE ALTERNATIVE FOR ECONOMICALLY DISADVANTAGED URBAN FAMILIES WHO WANT THEIR CHILDREN TO ATTEND A SMALL, CATHOLIC, CO-EDUCATIONAL, COLLEGE PREPARATORY SECONDARY SCHOOL. 1756399 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 9 0 1 51 1 0 0 0 0 0 1 1 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X CHRIS PATAREK 9734830033 239 WOODSIDE AVE NEWARK NJ 07104 X X JACK BRENNAN 2.00 X 0 0 0 SR JEANNE AGANS 2.00 X 0 0 0 JUNE M INDERWIES 2.00 X X 0 0 0 THOMAS CARVER 2.00 X 0 0 0 BRO RALPH DARMENTO FSC 2.00 X 0 0 0 JUDGE JOHN J GIBBONS 2.00 X 0 0 0 ARTHUR N MARTIN JRESQ 2.00 X 0 0 0 MSGR WILLIAM J REILLY 2.00 X 0 0 0 PATRICK W MCGOVERN ESQ 2.00 X 0 0 0 ALBERT TOBIA 2.00 X 0 0 0 KATHY MITCHELL WEAVER 2.00 X 0 0 0 JOHN B WILSON 2.00 X 0 0 0 FR ROBERT SANDOZ 40.00 X X 0 0 0 RICHARD FONTE 2.00 X 0 0 0 MATHEW R GLOWSKI 2.00 X 0 0 0 SR GLORIA O'BRIEN 2.00 X 0 0 0 BROTHER DANIEL O'RIORDAN FMS 2.00 X 0 0 0 EDWARD J WATERFIELD 2.00 X 0 0 0 0 0 0 0 0 0 0 0 95555 796548 4600 892103 CORPORATE INTERNSHIP P 611710 817300 817300 TUITION INCOME NET OF 611710 375882 375882 1193182 5 5 59607 95555 52519 7088 7088 CAFETERIA 900099 102165 102165 OTHER REVENUE 900099 47172 47172 149337 2241715 1342519 0 7093 1280457 1047218 113748 119491 227221 185832 20185 21204 109402 89474 9718 10210 38692 38692 16449 16449 4216 4216 111401 3338 108063 82467 82467 2807 304 2503 10781 10781 68476 68476 STIPENDS 238730 140826 97904 CAFETERIA 106057 106057 MAINTENANCE AND REPAIR 72396 72396 STUDENT ACTIVITIES 59112 59112 126473 107789 13854 4830 2555137 1756399 643003 155735 340319 122910 55818 21509 58348 94285 2026 5621 513412 256460 299641 256952 756152 501277 465602 570445 226921 269815 403700 314510 1096223 1154770 X -385228 -733190 45157 79697 -340071 -653493 756152 501277 -313422 0 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 209756 30461 179295 209593 168047 41546 94063 57952 36111 256952 2241715 2555137 -313422 -313422 2481715 240000 240000 2241715 0 2241715 2795137 240000 240000 2555137 0 2555137 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2009. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 OUR PUBLICATIONS, ADS, AND OPEN HOUSE PROGRAMS CLEARLY STATE THAT WE DO NOT DISCRIMINATE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 CHRIST THE KING PREPARATORY SCHOOL RECEIVED FINANCIAL AID OR ASSISTANCE FROM THE GOVERNMENT FOR TITLE I AND FOOD PROGRAM. HOWEVER, NO FUNDS WERE DIRECTLY RECEIVED BY THE SCHOOL. CAFETERIA MONIES WERE SENT DIRECTLY TO THE FOOD SERVICE PROVIDER. THE TITLE 1 MONIES WERE SENT DIRECTLY TO THE NEWARK BOARD OF EDUCATION TO PAY FOR TEXTBOOKS, NURSING SERVICES, COUNSELING, TESTING AND OTHER SERVICES. PRESIDENT'S GALA 106575 76025 30550 15700 2844 6911 CASINO NIGHT 42087 19530 22557 8100 10841 495 5631 1 6500 6500 1997 155162 95555 59607 23800 10841 3339 14539 52519 7088 FORM 990, PART VI, SECTION A, LINE 6 THE ARCHDIOCESE OF NEWARK IS THE MEMBER OF CHRIST THE KING PREPARATORY SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A ACCORDING TO THE BYLAWS, THE MEMBERS HAVE THE AUTHORITY TO ELECT ONE OR MORE MEMBERS TO THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE ARCHDIOCESE OF NEWARK, THE MEMBER, HAS THE AUTHORITY TO APPROVE DECISIONS MADE BY THE GOVERNING BODY OF CHRIST THE KING PREPARATORY SCHOOL. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PREPARED BY THE CHRIST THE KING BUSINESS OFFICE AND THE AUDITING FIRM WHICH IS HIRED TO DO THE ANNUAL AUDIT. THE 990 IS PREPARED IN CONJUNCTION WITH THE SCHOOL ADMINISTRATION AND DEVELOPMENT OFFICE. THE 990 IS ALSO REVIEWED BY THE CTK PREP BOARD FINANCE COMMITTEE. IT IS THEN SUBMITTED TO THE FULL BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C CHRIST THE KING PREPARATORY SCHOOL CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE BUSINESS MANAGER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE BUSINESS MANAGER WILL NOTIFY MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE BUSINESS MANAGER AND BE REPORTED TO THE GOVERNING BODY. IF THE BUSINESS MANAGER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE ASKED TO RECUSE THEMSELVES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES OF CHRIST THE KING ESTABLISHES COMPENSATION FOR ADMINISTRATIVE POSITIONS BY USING THE GUIDELINES FOR SALARIES IN THE MOAS BUDGET GUIDELINES ESTABLISHED BY THE CRISTO REY NETWORK, BY THE CURRENT GUIDELINES AND COMPARABLE POSITIONS OF THE ARCHDIOCESE OF NEWARK AS PROVIDED BY THE OFFICE OF THE SUPERINTENDENT OF SCHOOLS OF THE ARCHDIOCESE OF NEWARK, AND BY COMPARISON WITH SIMILAR SURROUNDING SCHOOLS. COMPENSATION FOR CTK FACULTY IS DEFINED BY THE SALARY SCALE APPROVED BY THE BOARD OF TRUSTEES. THIS SALARY SCALE IS DEVELOPED FROM THE CURRENT SCHOOL SALARY SCALE AND COMPARABLE POSITIONS OF THE ARCHDIOCESE OF NEWARK ESTABLISHED BY THE OFFICE OF THE SUPERINTENDENT OF SCHOOLS OF THE ARCHDIOCESE OF NEWARK AND BY COMPARISON WITH THE SALARY SCALES AT SIMILAR SURROUNDING SCHOOLS AND SCHOOLS WITHIN THE CRISTO REY NETWORK. SALARIES FOR CTK STAFF AND SUPPORT PERSONNEL ARE DEFINED BY THE WAGE GUIDELINES ESTABLISHED BY SIMILAR POSITIONS FOR EMPLOYEES OF THE ARCHDIOCESE AND OTHER RELATED PROFESSIONAL EMPLOYERS. (E.G. SECRETARIES, MAINTENANCE, DRIVERS, NJSIAA). FORM 990, PART VI, SECTION C, LINE 19 CHRIST THE KING PREPARATORY SCHOOL MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON REQUEST. IT IS ALSO AVAILABLE ON A WEBSITE CALLED WWW.GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND OTHER POLICIES ARE AVAILABLE UPON WRITTEN REQUEST AT 239 WOODSIDE AVENUE, NEWARK, NJ 07104 OR BY CALLING THE ORGANIZATION DIRECTLY AT (973)483-0033. FORM 990, PART VII, SECTION A LINE 1A: CRIST THE KING PREPARATORY SCHOOL PAYS A STIPEND FOR THE PRESIDENT'S SERVICES TO THE SCHOOL. THE PRESIDENT DOES NOT RECEIVE THE STIPEND DIRECTLY BUT RATHER IT IS PAID TO HIS RELIGIOUS ORDER. FORM 990 PART XII LINE 2C THE ORGANIZATION HAS A FINANCE AND FACILITIES COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CHRIST THE KING WORK STUDY PROGRAM INC 239 WOODSIDE AVENUE NEWARK NJ 07104 208330169 STUDENT'S EARNINGS FROM THE WORK STUDY PROGRAM SUPPLEMENT TUITION AND FEES NJ 501(C)(3) 170(B)(1)(A)(II) CHRIST THE KING PREPARATORY SCHOOL 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0