GORDON SCHOOL: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- GORDON SCHOOL (EIN 05-0258876)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-15
- IRS object ID
- 201201369349304345
- Schema version
- 2010v3.4
- 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 I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T13:12:44-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTIVO MONACELLI LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 EXCHANGE TERRACE | AddressLine1 |
| City | PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02903 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050258876 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE GORDON SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GORD | NameControl |
| Phone | 4014343833 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 MAXFIELD AVENUE | AddressLine1 |
| City | EAST PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02914 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TOM CICATIELLO | Name |
| Title | BUSINESS MANAGER | Title |
| Phone | 4014343833 | Phone |
| Date Signed | 2012-05-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HELDER M MEDEIROSCPAPFSMST | Name |
| Phone | 4012737600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | TOM CICATIELLO | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 MAXFIELD AVENUE | AddressLine1 |
| City | EAST PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02914 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 16046495 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.GORDONSCHOOL.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1929 | YearFormation |
| State Legal Domicile | RI | StateLegalDomicile |
| Activity Or Mission Description | EDUCATIONAL SERVICES FOR CHILDREN (NURSERY THROUGH GRADE 8). | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 27 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 26 | NbrIndependentVotingMembers |
| Total Nbr Employees | 125 | TotalNbrEmployees |
| Total Nbr Volunteers | 300 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 519538 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2806330 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 9205152 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 9603388 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -44742 | InvestmentIncomePriorYear |
| Investment Income Current Year | 406803 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 31204 | OtherRevenuePriorYear |
| Other Revenue Current Year | 34701 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 9711152 | TotalRevenuePriorYear |
| Total Revenue Current Year | 12851222 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1616244 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1762449 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6169801 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6402218 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 462020 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2343213 | OtherExpensePriorYear |
| Other Expenses Current Year | 2479113 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 10129258 | TotalExpensesPriorYear |
| Total Expenses Current Year | 10643780 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -418106 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2207442 | RevenuesLessExpensesCY |
| Total Assets BOY | 16058665 | TotalAssetsBOY |
| Total Assets EOY | 19181433 | TotalAssetsEOY |
| Total Liabilities BOY | 3050305 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3020130 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 13008360 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 16161303 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE GORDON SCHOOL IS A RACIALLY DIVERSE NURSERY THROUGH EIGHTH GRADE COEDUCATIONAL INDEPENDENT SCHOOL IN EAST PROVIDENCE, RHODE ISLAND. CHILD BY CHILD, THE GORDON SCHOOL COMMUNITY CULTIVATES SUCCESSFUL STUDENTS BY INSPIRING JOYFUL LEARNING, ENCOURAGING INTELLECTUAL LEADERSHIP, FOSTERING AN EMPATHIC SPIRIT AND STIMULATING A DRIVE FOR POSITIVE SOCIETAL IMPACT. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 8499972 | Expense |
| Grants | 1762449 | Grants |
| Revenue | 9603388 | Revenue |
| Description | PROVIDING EDUCATIONAL SERVICES FOR CHILDREN (NURSERY TO GRADE 8) | Description |
| Total Program Service Expense | 8499972 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 85 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 125 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 27 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 26 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TOM CICATIELLO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4014343833 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 MAXFIELD AVENUE | AddressLine1 |
| City | EAST PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02914 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (30 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 |
|---|---|---|---|---|---|---|---|
| BERNIE BUONANNO | |||||||
| CHAIR | 8.00 | X | X | 0 | 0 | 0 | |
| ANDREW CAMPBELL | |||||||
| VICE CHAIR | 4.00 | X | X | 0 | 0 | 0 | |
| MICHAEL COSTELLO | |||||||
| TRUSTEE | 6.00 | X | 0 | 0 | 0 | ||
| PEYTON GIBSON | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| KERRI HAYES | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| JANE JOUKOWSKY | |||||||
| VICE CHAIR | 4.00 | X | X | 0 | 0 | 0 | |
| CORRYN LANGMUIR | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| PAM REDFERN | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| SUSANNA BECKWITH | |||||||
| VICE CHAIR | 6.00 | X | X | 0 | 0 | 0 | |
| RALPH WALES | |||||||
| HEAD OF SCHOOL | 55.00 | X | X | 394306 | 0 | 51824 | |
| EILEEN CRADDOCK | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| CHRIS FAY | |||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | ||
| MICHAEL HAMILTON | |||||||
| SECRETARY | 4.00 | X | X | 0 | 0 | 0 | |
| DESIREE IVEY | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| ROSE MALKIN | |||||||
| TRUSTEE | 6.00 | X | 0 | 0 | 0 | ||
| ROBIN BOSS | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| BOB FINE | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| GEORGE MATOUK | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| IRENE PAPPAS | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| ALEX REMPIS | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| HARRY ROMAIN | |||||||
| TREASURER | 6.00 | X | X | 0 | 0 | 0 | |
| JOHN TREVOR | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| JASON PINA | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| JOANNA SALTONSTALL | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| SUSAN TAYLOR | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| FLOSSIE CRISP | |||||||
| TRUSTEE | 6.00 | X | 0 | 0 | 0 | ||
| DAVID BOURNS | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| THOMAS CICATIELLO | |||||||
| BUSINESS MANAGER | 48.00 | X | 126716 | 0 | 20228 | ||
| MARYANNE PIERI | |||||||
| DIR. OF LS | 40.00 | 142635 | 0 | 16729 | X | ||
| KIMBERLY RIDLEY | |||||||
| DIR. OF DIVERSITY | 40.00 | 123586 | 0 | 8834 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 787243 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 97615 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 2806330 | AllOtherContributions |
| Noncash Contributions | 698020 | NoncashContributions |
| Total Contributions | 2806330 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION AND RELATED FE | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 9603388 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9603388 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 9603388 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 229980 | TotalRevenueColumn |
| Exclusion | $229,980 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 63396 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 53201 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 10195 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10195 | TotalRevenueColumn |
| Exclusion | $10,195 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3318895 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3142072 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 176823 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 176823 | TotalRevenueColumn |
| Exclusion | $176,823 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTEREST ON A/R | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 24506 | TotalRevenueColumn |
| Exclusion | $24,506 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 24506 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12851222 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9603388 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $441,504 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1762449 | Total |
| Program Services | 1762449 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 877621 | Total |
| Program Services | 293337 | ProgramServices |
| Management And General | 584284 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4327699 | Total |
| Program Services | 3672331 | ProgramServices |
| Management And General | 448094 | ManagementAndGeneral |
| Fundraising | 207274 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 299712 | Total |
| Program Services | 255750 | ProgramServices |
| Management And General | 43962 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 539216 | Total |
| Program Services | 440880 | ProgramServices |
| Management And General | 56881 | ManagementAndGeneral |
| Fundraising | 41455 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 357970 | Total |
| Program Services | 292756 | ProgramServices |
| Management And General | 65214 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5020 | Total |
| Management And General | 5020 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18000 | Total |
| Management And General | 18000 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32649 | Total |
| Management And General | 32649 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45368 | Total |
| Management And General | 45368 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39083 | Total |
| Management And General | 39083 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 554903 | Total |
| Program Services | 420394 | ProgramServices |
| Management And General | 134509 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10777 | Total |
| Program Services | 2778 | ProgramServices |
| Management And General | 7999 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 519477 | Total |
| Program Services | 441284 | ProgramServices |
| Management And General | 78193 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17829 | Total |
| Program Services | 16045 | ProgramServices |
| Management And General | 1784 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19461 | Total |
| Management And General | 19461 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 380025 | Total |
| Program Services | 342022 | ProgramServices |
| Management And General | 38003 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42099 | Total |
| Management And General | 42099 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising |
|---|---|---|---|
| STUDENT SERVICES | 274351 | 274351 | |
| CENTENNIAL CAMPAIGN | 171939 | 171939 | |
| FACULTY SERVICES | 113275 | 113275 | |
| GENERAL OPERATIONS | 77454 | 77454 | |
| EDUCATIONAL CONSULTANTS | 42400 | 42400 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115003 | Total |
| Program Services | 52466 | ProgramServices |
| Management And General | 21185 | ManagementAndGeneral |
| Fundraising | 41352 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10643780 | Total |
| Program Services | 8499972 | ProgramServices |
| Management And General | 1681788 | ManagementAndGeneral |
| Fundraising | 462020 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4206 | BOY |
| EOY | 7438 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2062299 | BOY |
| EOY | 1646410 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 269931 | BOY |
| EOY | 1727296 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53439 | BOY |
| EOY | 187760 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127371 | BOY |
| EOY | 65747 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 11410366 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4306578 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6899671 | BOY |
| EOY | 7103788 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6641748 | BOY |
| EOY | 8442994 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16058665 | BOY |
| EOY | 19181433 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 689170 | BOY |
| EOY | 735709 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2014830 | BOY |
| EOY | 1890661 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 346305 | BOY |
| EOY | 393760 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3050305 | BOY |
| EOY | 3020130 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7094496 | BOY |
| EOY | 7458863 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 877427 | BOY |
| EOY | 2967134 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5036437 | BOY |
| EOY | 5735306 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13008360 | BOY |
| EOY | 16161303 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16058665 | BOY |
| EOY | 19181433 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2207442 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 945501 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | 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
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6383140 | BeginningOfYearBalance |
| Contributions | 698869 | Contributions |
| Investment Earnings Or Losses | 1260907 | InvestmentEarningsOrLosses |
| Other Expenditures | 176084 | OtherExpenditures |
| End Of Year Balance | 8166832 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 5904796 | BeginningOfYearBalance |
| Contributions | 225450 | Contributions |
| Investment Earnings Or Losses | 700952 | InvestmentEarningsOrLosses |
| Other Expenditures | 448058 | OtherExpenditures |
| End Of Year Balance | 6383140 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7361318 | BeginningOfYearBalance |
| Contributions | 226966 | Contributions |
| Investment Earnings Or Losses | -1683488 | InvestmentEarningsOrLosses |
| End Of Year Balance | 5904796 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.16690 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.70230 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.13090 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 495835 | OtherCostOrOtherBasis |
| Book Value | 495835 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 728865 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 8470550 | OtherCostOrOtherBasis |
| Depreciation | 3068631 | Depreciation |
| Book Value | 6130784 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 336653 | OtherCostOrOtherBasis |
| Depreciation | 293923 | Depreciation |
| Book Value | 42730 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 37814 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 1340649 | OtherCostOrOtherBasis |
| Depreciation | 944024 | Depreciation |
| Book Value | 434439 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 7103788 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | VARIOUS MUTUAL FUNDS AND SECURITIES | Description |
| Book Value | 8442994 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 8442994 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEPOSITS | $176,800 |
| DEFERRED COMPENSATION | $216,960 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 393760 | TotalOfAmounts |
| Total Revenue | 12851222 | TotalRevenue |
| Total Expenses | 10643780 | TotalExpenses |
| Excess Or Deficit For Year | 2207442 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 945501 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 945501 | TotalAdjustments |
| Excess Or Deficit Per FS | 3152943 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 12714148 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 945501 | NetUnrealizedGainsInvestments |
| Other Revenues | 53201 | OtherRevenues |
| Revenue Not Rptd F990 | 998702 | RevenueNotRptdF990 |
| Revenue Subtotal | 11715446 | RevenueSubtotal |
| Investment Expenses Not Included | 32649 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 1103127 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1135776 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 12851222 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 9561205 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 53201 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 53201 | ExpensesNotRptdF990 |
| Expenses Subtotal | 9508004 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 32649 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 1103127 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1135776 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 10643780 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | ENDOWMENT FUNDS ARE USED TO PROVIDE STUDENTS WITH FINANCIAL AID AND SUPPORT VARIOUS SCHOOL PROGRAMS. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | SATISFACTION OF PROGRAM RESTRICTION -481,968. NET ASSETS RELEASED FROM RESTRICTION 481,968. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RECLASS LINE 6B RENTAL EXPENSES 53,201. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | TUITION INCOME SHOWN NET OF FINCNIAL AID ON FINANCIAL STATEMENTS 1,103,127. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | RECLASS LINE 6B RENTAL EXPENSES 53,201. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID NETTED AGAINST TUITION INCOME ON FINANCIAL STATEMENTS 1,103,127. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | THE POLICY IS DESCRIBED IN ALL MEDIA, INTERVIEWS, BROCHURES, APPLICATIONS, ADMISSIONS AND ASSISTANCE MATERIAL. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|
| FINANCIAL AID | 122 | 1229051 | PUBLISHED TUITION RATES | TUITION CREDIT |
| TUITION REMISSION | 26 | 533398 | PUBLISHED TUITION RATES | TUITION CREDIT |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE BOARD APPROVES THE TOTAL FINANCIAL AID AVAILABLE FOR THE YEAR AND DETERMINES THE INDIVIDUAL AWARDS TO BE GIVEN OUT TO STUDENTS BASED ON THE NEEDS OF THE STUDENT. ONCE AN AWARD IS GRANTED, AN ACCEPTANCE LETTER IS SIGNED BY THE PARENTS LISTING THE AMOUNT OF THE AWARD. ACCOUNTING POSTS AWARDS TO STUDENTS ACCOUNTS SO THAT EACH STUDENT IS BILLED THE GROSS TUITION LESS THE AMOUNT OF THE AWARD. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RALPH WALES | |||||||||||||
| 289997 | 0 | 0 | 0 | 104309 | 0 | 15000 | 0 | 36824 | 0 | 446130 | 0 | 0 | 0 |
| MARYANNE PIERI | |||||||||||||
| 142635 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16729 | 0 | 159364 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | PER THE EMPLOYMENT CONTRACT, THE ORGANIZATION GROSS-UP TAX PAYMENTS ON CERTAIN TAXABLE FRINGE BENEFITS FOR THE HEAD OF SCHOOL. PER THE EMPLOYMENT CONTRACT, THE SCHOOL PAYS MONTHLY DUES AT A SOCIAL CLUB FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL IS RESPONSIBLE FOR ANY PERSONAL EXPENSES RELATED TO HIS PERSONAL USE OF THE CLUB. |
| PART I, LINE 4B | RALPH WALES - $15,000 DEFERRED COMPENSATION |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 12 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 698020 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MEAN MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | PRIOR TO THE FILING OF THE FORM 990, ELECTRONIC FILES OF THE TAX RETURN ARE PROVIDED TO THE CHAIR, TREASURER AND ASSISTANT TREASURER. ALL QUESTIONS OR COMMENTS ARE POSED TO THE BUSINESS MANAGER WHO SUMMARIZES THE QUESTIONS AND COMMENTS INTO ONE DOCUMENT AND RESPONDS ELECTRONICALLY TO THE CHAIR, TREASURER AND ASSISTANT TREASURER. THIS PROCESS ALLOWS THE THREE GOVERNING BOARD MEMBERS TO SEE ALL QUESTIONS AND COMMENTS VOICED BY THEIR COLLEAGUES. ONCE ALL QUESTIONS AND COMMENTS ARE ADDRESSED TO THE CHAIR, TREASURER AND ASSISTANT TREASURER'S SATISFACTION, THE BUSINESS MANAGER IS AUTHORIZED TO FILE THE FORM 990. AT THE NEXT REGULARLY SCHEDULED MEETING, THE CHAIR ANNOUNCES THE COMPLETION OF THE ABOVE REVIEW AND INVITES ALL BOARD MEMBERS TO REVIEW THE COMPLETED FORM 990 IF THEY SO WISH. | |
| ALL BUSINESS DEALINGS AND FINANCIAL TRANSACTIONS ARE PROCESSED/EXECUTED THROUGH THE BUSINESS OFFICE. THE CULTURE OF THE SCHOOL AND THE MANNER IN WHICH IT CONDUCTS ITS BUSINESS IS ONE OF TRANSPARENCY. TO AVOID ANY PERCEIVED OR ACTUAL CONFLICTS OF INTEREST THE SCHOOL AVOIDS ALL TRANSACTIONS OR BUSINESS DEALINGS THAT MIGHT INFER OR ACTUALLY BE A CONFLICT OF INTEREST. ALL MAJOR CONTRACTS OR LARGE PURCHASES ARE SENT OUT TO BID IN THE FORM OF A REQUEST FOR PROPOSAL. IN ALL CASES, OFFICERS, TRUSTEES, EMPLOYEES AND KEY EMPLOYEES ARE EXCLUDED FROM SUCH INVITATIONS. | FORM 990, PART VI, SECTION B, LINE 12C | |
| HEAD OF SCHOOL/EXECUTIVE DIRECTOR: THE COMPENSATION AND BENEFIT PACKAGE FOR THE HEAD OF SCHOOL IS DETERMINED BY A COMPENSATION COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE INCLUDES THE CHAIR OF THE BOARD AND OTHER CURRENT AND FORMER TRUSTEES WHO HAVE PROFESSIONAL EXPERIENCE IN INDEPENDENT SCHOOLS, LABOR LAW OR INDUSTRY. IN SETTING THE COMPENSATION AND BENEFIT PACKAGE FOR THE HEAD, THE COMPENSATION COMMITTEE REVIEWS AND ASSESSES LOCAL AND REGIONAL MARKET DATA SUPPLIED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS), THE HEAD'S PERFORMANCE AND THE LEADERSHIP NEEDS OF THE SCHOOL IN FURTHERING ITS MISSION. PERIODICALLY, THE SCHOOL WILL ENGAGE THE SERVICES OF AN INDEPENDENT CONTRACTOR WHO HAS SPECIFIC EXPERTISE IN THE EXECUTIVE COMPENSATION PROGRAMS AT EDUCATIONAL INSTITUTIONS. THE COMPENSATION COMMITTEE DOCUMENTS THE BASIS FOR ITS DETERMINATION WHICH INCLUDES; - THE TERMS OF THE APPROVED COMPENSATION AND BENEFIT PLAN AND THE DATE APPROVED. - THE MEMBERS OF THE COMMITTEE WHO PARTICIPATED IN THE DECISION - THE COMPARABLE DATA OBTAINED AND RELIED UPON. - DISCLOSURE OF ANY CONFLICTS OF INTEREST ON THE COMMITTEE (IF ANY). - BASIS FOR THE APPROVED COMPENSATION AND BENEFIT PACKAGE. THE CHAIR PRESENTS THE GENERAL TERMS OF THE HEAD'S CONTRACT TO THE BOARD IN EXECUTIVE SESSION. ALL FINANCIAL RAMIFICATIONS OF THE HEAD'S COMPENSATION ARE INCLUDED IN THE SCHOOL'S OPERATING BUDGET WHICH IS APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. TOP MANAGEMENT OFFICIALS: EACH YEAR AFTER CONSIDERING THE INDIVIDUAL'S PERFORMANCE, LOCAL AND NATIONAL MARKET ANALYSIS SUPPLIED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) AND BUDGETARY CONSTRAINTS, THE HEAD OF SCHOOL ASSESSES AND SETS THE COMPENSATION FOR EACH TOP MANAGEMENT OFFICIAL. THE RATIONALE FOR THE DECISION IS DOCUMENTED IN THE BUDGETARY NOTES MAINTAINED IN THE BUSINESS OFFICE. | FORM 990, PART VI, SECTION B, LINE 15 | |
| ALL DOCUMENTS ARE KEPT IN THE BUSINESS OFFICE OF THE SCHOOL AND ARE AVAILABLE UPON REQUEST. FORM 990 IS ALSO AVAILABLE ON GUIDESTAR. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 945,501. SATISFACTION OF PROGRAM RESTRICTION -481,968. NET ASSETS RELEASED FROM RESTRICTION 481,968. TOTAL TO FORM 990, PART XI, LINE 5: 945,501. | FORM 990, PART XI, LINE 5: |
| AUDIT COMMITTEE | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. | FORM 990, PART XI, LINE 2C |
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