2013-02-14T09:42:43-06:00 2012-06-30 EISNERAMPER LLP 750 ROUTE 202 SOUTH SUITE 500 BRIDGEWATER NJ 08807 990 2011-07-01 221487185 Far Brook School % DONNA CHAHALIS FARB 9733793442 52 Great Hills Road Short Hills NJ 07078 TONY STOVALL 2012-11-15 true DOUGLAS TAPP CPA 9082185002 2011 2016-03-07 17:11:31Z MARY SUE FISHER 52 GREAT HILLS ROAD short hills NJ 07078 11283104 false X www.farbrook.org X 1948 NJ CO-ED INDEPENDENT DAY SCHOOL PROVIDING EDUCATION TO STUDENTS IN GRADES NURSERY THROUGH GRADE 8. 18 17 74 300 0 556189 757269 5871525 6190801 419540 342649 255384 214391 7102638 7505110 546318 568850 0 0 5288402 5496993 0 0 411627 1446073 1473222 7280793 7539065 -178155 -33955 12489760 12230388 1178680 1089811 11311080 11140577 CO-EDUCATIONAL INDEPENDENT DAY SCHOOL PROVIDING EDUCATION TO STUDENTS IN GRADES NURSERY THROUGH GRADE 8. OUR PURPOSE IS TO CREATE A SUPPORTIVE AND CARING COMMUNITY THAT CHERISHES LOVE OF LEARNING, CREATIVITY, AND INDIVIDUALITY. false false 5675565 568850 6405192 EDUCATION - A FAR BROOK EDUCATION TAKES PLACE IN AN ENVIRONMENT OF NATURAL BEAUTY AND INTIMACY, WHERE CHARACTER AND CITIZENSHIP ARE VALUED AS MUCH AS ACHIEVEMENT, PROCESS AS MUCH AS PRODUCT. IMPLICIT IN OUR PHILOSOPHY IS THE GOAL OF BRINGING STUDENTS TO THEIR HIGHEST LEVEL OF ACADEMIC AND PERSONAL COMPETENCY, BOTH FOR THEIR PRESENT AND IN PREPARATION FOR THEIR FUTURE EDUCATION. IT IS OUR DESIRE TO TOUCH THE LIFE OF EVERY CHILD SO THAT HE OR SHE MAY LIVE LIFE WISELY AND WITH GREAT JOY. GRANTS-FAR BROOK AWARDS FINANCIAL AID TO QUALIFIED FAMILIES AND TUITION REMISSION TO ELIGIBLE EMPLOYEES. THESE REPRESENT A DIRECT REDUCTION IN TUITION CHARGES AND PAYMENTS OTHERWISE OWED TO THE SCHOOL. THEY DO NOT TAKE THE FORM OF PAYMENTS TO THE RECIPIENTS. 5675565 true true false false false false false false false true true true false false false true true false true false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true 32 0 true 74 true false false false false false false false false false false false X 18 17 false false true false true true true true true false false true true true true true true true true false X X DONNA CHAHALIS 9733793442 52 Great Hills Road Short Hills NJ 07078 Carol Chartouni 5.0 X Alice Davison 5.0 X Janine Kane 5.0 X Chris Susko 5.0 X Tom Kligerman 5.0 X Michelle Swittenberg 5.0 X Kate Lee 5.0 X Bradford Wiley 5.0 X Barbara Pagos 5.0 X Tommaso Zanobini 5.0 X Anne-Marie Kim 5.0 X Megan McCall 40.0 X 58572 13642 Elyse N Post 5.0 X Marybeth Leithead 5.0 X Mary Sue Fisher 10.0 X 0 0 Jeff Kronthal 5.0 X Tony Stovall 5.0 X Carmine Fanelle 5.0 X Amy Ziebarth 50.0 X 233930 42816 James Benz 50.0 X 122779 54452 Donna Chahalis 50.0 X 137680 20926 Paula Levin 50.0 X 123792 13210 Mary Wearn Wiener 0.0 X 125000 10000 801753 0 155046 5 true true false 0 757269 24855 757269 TUITION AND FEES 611710 6186801 6186801 TRANSPORTATION FEES 611710 4000 4000 6190801 163437 163437 0 0 3957206 3777994 179212 179212 179212 0 0 0 OTHER INCOME 900099 214391 214391 214391 7505110 6405192 342649 0 568850 568850 0 0 329300 64300 265000 0 3820139 2874339 702200 243600 284417 214067 52275 18075 733908 580323 121939 31646 329229 247717 60531 20981 0 4752 4752 8290 8290 0 0 23096 23096 0 59930 47846 12084 75303 39158 26356 9789 97407 82362 9740 5305 0 288218 251188 28822 8208 0 0 63860 55010 7650 1200 0 0 285601 242761 32130 10710 49549 49549 SCHOOL SUPPLIES, TRIPS 243257 243257 TRANSPORTATION 42961 42961 FOOD 76444 76444 AFTER SCHOOL PROGRAM 92828 92828 61726 11697 50029 7539065 5675565 1451873 411627 874059 686820 0 0 85817 200997 3058 32717 0 0 0 0 0 0 0 0 22100 90697 7174740 3674205 3630965 3500535 7091009 6256362 782752 1462260 0 0 0 0 0 0 12489760 12230388 540420 343084 0 0 638260 746727 0 0 0 0 0 0 0 0 0 0 0 0 1178680 1089811 X 6959297 6685715 804528 893324 3547255 3561538 11311080 11140577 12489760 12230388 X -33955 -136548 X X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4806021 14283 39446 43181 126419 4690150 4317936 23004 629879 42582 122216 4806021 3708759 6449 769509 44317 122464 4317936 4587427 59934 -773500 43060 122042 3708759 0.14000 0.76000 0.10000 false false 73300 73300 6559636 3166418 3393218 541804 507787 34017 3500535 STRUCTURED SEC & FUND OF FUNDS 1462260 F 1462260 0 0 7505110 7539065 -33955 -136548 -136548 -170503 6799712 -136548 -136548 6936260 568850 568850 7505110 6970215 6970215 568850 568850 7539065 PART XII, LINE 4B: OTHER ADJUSTMENTS: FINANCIAL AID EXPENSES NOT INCLUDED ON FORM 990, PART VIII, LINE 2G 568,850 PART XIII, LINE 4B: OTHER ADJUSTMENTS: ADDITIONAL EXPENSE WHEN INCLUDING FINANCIAL AID EXPENSE 568,850 PART V, LINE 4: ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE SCHOOL MUST HOLD IN PERPETUITY AS WELL AS BOARD-DESIGNATED FUNDS. THE INVESTMENT OBJECTIVE OF THE ENDOWMENT FUNDS IS TO EARN AN EXPECTED RETURN THAT WILL (I) COVER THE DESIRED ANNUAL ALLOCATION TO THE OPERATING BUDGET (AS DETERMINED BY THE BOARD OF TRUSTEES), EXPECTED INFLATION, AND INVESTMENT FEES AND (II) PROVIDE LONG-TERM PRINCIPAL APPRECIATION. PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") INTERPRETATION REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS, IN ACCORDANCE WITH ACCOUNTING FOR INCOME TAXES. THE SCHOOL RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX-RELATED INTEREST AND PENALTIES RECORDED FOR YEAR ENDED JUNE 30, 2012. THE INCOME TAX RETURNS OF THE SCHOOL FOR JUNE 30, 2011, 2010 AND 2009 ARE SUBJECT TO EXAMINATION BY THE IRS AND OTHER VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. true true true true true true true false false false false false false false false false false true PART 1, LINE 3: THE SCHOOL PUBLISHES ITS RACIALLY NON-DISCRIMINATORY POLICY IN LOCAL NEWSPAPERS. true Financial Aid 34 568850 PART 1, LINE 2: FINANCIAL AID IS GRANTED TO STUDENTS ACCORDING TO NEED WHICH IS DETERMINED BY AN APPLICATION PROCESS. X true true X X X false false false false false false false false false Amy Ziebarth 233930 11500 31316 276746 James Benz 122779 9801 44651 177231 Donna Chahalis 137680 14300 6626 158606 Mary Wearn Wiener 125000 10000 135000 FORM 990, PART I, Line 1: DESCRIPTION OF ORGANIZATION MISSION: OUR PURPOSE IS TO CREATE A SUPPORTIVE AND CARING COMMUNITY THAT CHERISHES LOVE OF LEARNING, CREATIVITY, AND INDIVIDUALITY. FORM 990, PART VI, SECTION A, Line 4: THE BOARD OF TRUSTEES AMENDED THE SCHOOL'S BYLAWS TO INCORPORATE A WRITTEN NONDISCRIMINATION POLICY. THIS AMENDMENT BECAME EFFECTIVE ON JULY 20,2011 FORM 990, PART VI,SECTION A, Line 6: THE SCHOOL'S MEMBERS ARE THE PARENTS AND LEGAL GUARDIANS OF THE CHILDREN ENROLLED IN THE SCHOOL. FORM 990, PART VI, SECTION A, Line 7A: THESE MEMBERS ELECT THE BOARD OF TRUSTEES ANNUALLY. FORM 990,PART VI, SECTION A, Line 7B: THE SCHOOL'S BYLAWS PROVIDE MEMBERS WITH THE RIGHT TO VOTE WITH RESPECT TO (A) THE ELECTION AND RECALL OF TRUSTEES; (B) AMENDMENTS TO THE BYLAWS; AND (C) AMENDMENTS TO THE CERTIFICATE OF INCORPORATION. FORM 990, PART VI, SECTION B, Line 11: THE AUDIT COMMITTEE AND TREASURER REVIEW THE 990 AND RECOMMENDS FOR BOARD APPROVAL. FORM 990, PART VI, SECTION B, Line 12C: THE BOARD HAS A CONFLICT OF INTEREST POLICY FOR ITS MEMBERS WHICH REQUIRES WRITTEN DISCLOSURE EACH YEAR OF ACTUAL AND POTENTIAL CONFLICTS BASED ON DEFINITIONS CONTAINED IN THE POLICY. THERE IS AN ONGOING OBLIGATION TO UPDATE DISCLOSURES IF CIRCUMSTANCES CHANGE. FORM 990, PART VI, SECTION B, Line 15: The Board reviews and sets the Head's compensation in a process that considers comparable pay data. The Board's decision is documented in accordance with its normal practice. FORM 990, PART VI, SECTION C, Line 19: THE ORGANIZATION MAKES ITS ANNUAL REPORT, WHICH INCLUDES FINANCIAL STATEMENTS, AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO ITS MEMBERS UPON REQUEST. FORM 990, PART XII, Line 2C: THERE HAVE BEEN NO CHANGES TO THESE PROCESSES DURING THE TAX YEAR. FORM 990, PART XI, Line 5: Other changes in net assets or fund balances Net unrealized gains on investments -136,548