GULFSTREAM SCHOOL INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
GULFSTREAM SCHOOL INC (EIN 59-0977808)
Tax period
2011-07-01 to 2012-06-30
Filed
2012-12-18
IRS object ID
201213539349300806
Schema version
2011v1.2
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-12-18T11:33:27-06:00Timestamp
Tax Period End Date2012-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN141918990EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1TEMPLETON & COMPANY LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1222 LAKEVIEW AVENUE SUITE 1200AddressLine1
CityWEST PALM BEACHCity
StateFLState
ZIP Code33401ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN590977808EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1GULF STREAM SCHOOL INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlGULFNameControl
Phone5612765225Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line13600 GULF STREAM ROADAddressLine1
CityGULF STREAMCity
StateFLState
ZIP Code33483ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameGREG YOUNGName
TitlePRESIDENTTitle
Phone5612765225Phone
Date Signed2012-12-12DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameISABELLA LUNSFORDCPAName
PTINP00642327PTIN
Phone5617989988Phone
Date Prepared2012-12-12DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonGREG YOUNGNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line13600 GULF STREAM ROADAddressLine1
CityGULF STREAMCity
StateFLState
ZIP Code33483ZIPCode
FieldValueIRS element (for citing)
Gross Receipts5703856GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.GULFSTREAMSCHOOL.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1971YearFormation
State Legal DomicileFLStateLegalDomicile
Activity Or Mission DescriptionEDUCATION OF GRADES PRE-SCHOOL THROUGH EIGHTH GRADE.ActivityOrMissionDescription
Nbr Voting Members Governing Body18NbrVotingMembersGoverningBody
Nbr Independent Voting Members18NbrIndependentVotingMembers
Total Nbr Employees61TotalNbrEmployees
Total Nbr Volunteers175TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year609556ContributionsGrantsPriorYear
Contributions Grants Current Year555997ContributionsGrantsCurrentYear
Program Service Revenue Prior Year4923365ProgramServiceRevenuePriorYear
Program Service Revenue CY4904905ProgramServiceRevenueCY
Investment Income Prior Year204461InvestmentIncomePriorYear
Investment Income Current Year207083InvestmentIncomeCurrentYear
Other Revenue Prior Year2818OtherRevenuePriorYear
Other Revenue Current Year-3957OtherRevenueCurrentYear
Total Revenue Prior Year5740200TotalRevenuePriorYear
Total Revenue Current Year5664028TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year387510GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY326408GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year3155188SalariesEtcPriorYear
Salaries Etc Current Year3317239SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year23515TotalFundrsngExpCurrentYear
Other Expense Prior Year1318286OtherExpensePriorYear
Other Expenses Current Year1418895OtherExpensesCurrentYear
Total Expenses Prior Year4860984TotalExpensesPriorYear
Total Expenses Current Year5062542TotalExpensesCurrentYear
Revenues Less Expenses Prior Year879216RevenuesLessExpensesPriorYear
Revenues Less Expenses CY601486RevenuesLessExpensesCY
Total Assets BOY17029465TotalAssetsBOY
Total Assets EOY18140546TotalAssetsEOY
Total Liabilities BOY584918TotalLiabilitiesBOY
Total Liabilities EOY1123685TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY16444547NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY17016861NetAssetsOrFundBalancesEOY
Mission DescriptionEDUCATION OF GRADES PRE-SCHOOL THROUGH EIGHTH GRADE.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense3924194Expense
Grants326408Grants
Revenue4904905Revenue
DescriptionCOMPREHENSIVE EDUCATIONAL PROGRAM SERVING STUDENTS FROM PRE-SCHOOL THROUGH EIGHTH GRADE.Description
Total Program Service Expense3924194TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School1School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals1GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person1GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10962NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees61NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members18NbrVotingGoverningBodyMembers
Number Independent Voting Members18NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledFLStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1PAT SCULLENBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number5612765225TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line13600 GULF STREAM ROADAddressLine1
CityGULF STREAMCity
StateFLState
ZIP Code33483ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (19 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationKey EmployeeKeyEmployee
ANNE GAUDREE
TREASURER12.00XX000
ROBERT DOCKERTY
TRUSTEE12.00X000
CHARLES FRANKEL III
TRUSTEE1.00X000
KENNETH KALEEL
TRUSTEE1.00X000
ROGER KUMAR JR
TRUSTEE1.00X000
RONALD LUSK
TRUSTEE1.00X000
LISA MORGAN
SECRETARY1.00XX000
ROBYN QUAID
TRUSTEE1.00X000
KAREN SWEETAPPLE
VICE PRESIDENT1.00XX000
GREG YOUNG
PRESIDENT12.00XX000
SHIELDS FERBER JR
TRUSTEE1.00X000
HILARY LYNCH
TRUSTEE1.00X000
KATHY SCHILLING-COLLETTA MD
TRUSTEE1.00X000
DR KEVIN ROSS
TRUSTEE1.00X000
MARY ALICE UNDERWOOD
TRUSTEE1.00X000
DEVON COUGHLIN
TRUSTEE1.00X000
WILLIAM SHANNON
TRUSTEE1.00X000
PENNY KOSINSKI
TRUSTEE1.00X000
JOSEPH J ZALUSKI
HEAD OF SCHOOL40.00167035032398X
FieldValueIRS element (for citing)
Total Reportable Comp From Org167035TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation32398TotalOtherCompensation
Number Individuals GT100 K1NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
All Other Contributions555997AllOtherContributions
Total Contributions555997TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITIONS AND FEES61111047456934745693
AUXILIARY611110156170156170
SUMMER CAMP PROGRAM61111030423042
FieldValueIRS element (for citing)
Total Program Service Revenue4904905TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column207083TotalRevenueColumn
Exclusion$207,083ExclusionAmount

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real31255Real

Less Rental Expenses LessRentalExpenses

FieldValueIRS element (for citing)
Real39828Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real-8573Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column-8573TotalRevenueColumn
Exclusion-$8,573ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TRUSTEE DUES INCOME61111041254125
MISCELLANEOUS INCOME611110491491
FieldValueIRS element (for citing)
Total Other Revenue4616TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column5664028TotalRevenueColumn
Related Or Exempt Function Income4909521RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$198,510ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total326408Total
Program Services326408ProgramServices

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total2612200Total
Program Services2099196ProgramServices
Management And General513004ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total154543Total
Program Services124484ProgramServices
Management And General30059ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total358702Total
Program Services288934ProgramServices
Management And General69768ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total191794Total
Program Services154490ProgramServices
Management And General37304ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total22409Total
Management And General22409ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total27245Total
Management And General27245ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total96890Total
Program Services24581ProgramServices
Management And General72309ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total447166Total
Program Services360192ProgramServices
Management And General86974ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total7468Total
Management And General7468ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total10997Total
Management And General10997ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total345873Total
Program Services278601ProgramServices
Management And General67272ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total150012Total
Program Services120835ProgramServices
Management And General29177ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
SUPPLIES7640176401
STAFF DEVELOPMENT23948192904658
FUNDRAISING EXPENSES2351523515
EQUIPMENT RENTAL/MAINT.2038320383

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total166588Total
Program Services50782ProgramServices
Management And General115806ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total5062542Total
Program Services3924194ProgramServices
Management And General1114833ManagementAndGeneral
Fundraising23515Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY2914203BOY
EOY3806945EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY236964BOY
EOY154789EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY4950BOY
EOY65720EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY17038BOY
EOY10006EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY56891BOY
EOY70419EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis11901377LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec5692386LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY6240097BOY
EOY6208991EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY7559322BOY
EOY7823676EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY17029465BOY
EOY18140546EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY437881BOY
EOY468430EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY147037BOY
EOY655255EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY584918BOY
EOY1123685EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY14651204BOY
EOY15455016EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY953093BOY
EOY721595EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY840250BOY
EOY840250EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY16444547BOY
EOY17016861EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY17029465BOY
EOY18140546EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses601486ReconcilationRevenueExpenses
Reconcilation Other Changes-29172ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance7016868BeginningOfYearBalance
Contributions76890Contributions
Investment Earnings Or Losses150950InvestmentEarningsOrLosses
Other Expenditures281870OtherExpenditures
End Of Year Balance6962838EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance6216689BeginningOfYearBalance
Contributions293132Contributions
Investment Earnings Or Losses1117435InvestmentEarningsOrLosses
Other Expenditures610388OtherExpenditures
End Of Year Balance7016868EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance5207164BeginningOfYearBalance
Contributions515661Contributions
Investment Earnings Or Losses778839InvestmentEarningsOrLosses
Other Expenditures284975OtherExpenditures
End Of Year Balance6216689EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance5873448BeginningOfYearBalance
Contributions370452Contributions
Investment Earnings Or Losses-785347InvestmentEarningsOrLosses
Other Expenditures251499OtherExpenditures
End Of Year Balance5207164EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.78000BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.12000PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.10000TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis191651OtherCostOrOtherBasis
Book Value191651BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis9663049OtherCostOrOtherBasis
Depreciation3979246Depreciation
Book Value5683803BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis268991OtherCostOrOtherBasis
Depreciation225324Depreciation
Book Value43667BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis1777686OtherCostOrOtherBasis
Depreciation1487816Depreciation
Book Value289870BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings6208991TotalOfBookValueLandBuildings
Total Revenue5664028TotalRevenue
Total Expenses5062542TotalExpenses
Excess Or Deficit For Year601486ExcessOrDeficitForYear
Net Unrealized GL On Investments-29172NetUnrealizedGLOnInvestments
Total Adjustments-29172TotalAdjustments
Excess Or Deficit Per FS572314ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt5321315TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments-29172NetUnrealizedGainsInvestments
Other Revenues39828OtherRevenues
Revenue Not Rptd F99010656RevenueNotRptdF990
Revenue Subtotal5310659RevenueSubtotal
Investment Expenses Not Included26961InvestmentExpensesNotIncluded
Other Revenues Not Included326408OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt353369RevenueNotRptdOnFinStmt
Total Revenue Per Form9905664028TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt4749001TotExpensesEtcAuditedFinclStmt
Other Expenses Included39828OtherExpensesIncluded
Expenses Not Rptd F99039828ExpensesNotRptdF990
Expenses Subtotal4709173ExpensesSubtotal
Investment Expenses Not Included226961InvestmentExpensesNotIncluded2
Other Expenses Not Included326408OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt353369ExpensesNotRptdOnFinStmt
Total Expenses Per Form9905062542TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:PART V, LINE 4:THE PURPOSE OF THE ENDOWMENT IS TO ASSIST THE SCHOOL IN MAINTAINING FINANCIAL STABILITY. THE MAIN FUNCTION OF THE ENDOWMENT FUND IS TO HELP MINIMIZE TUITION INCREASES THAT MIGHT OTHERWISE BE REQUIRED AS EDUCATIONAL COSTS RISE.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:PART X:THE SCHOOL HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE SCHOOL IS REQUIRED TO OPERATE IN CONFORMITY WITH THE PROVISIONS OF THE IRC TO MAINTAIN ITS EXEMPT STATUS. MANAGEMENT ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. BASED ON ITS EVALUATION, MANAGEMENT DID NOT IDENTIFY ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE YEARS 2012 OR 2011. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2008.
PART XII, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES - LINE 6B 39,828.
PART XII, LINE 4B - OTHER ADJUSTMENTS:SCHOLARSHIPS 326,408.
PART XIII, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES - LINE 6B 39,828.
PART XIII, LINE 4B - OTHER ADJUSTMENTS:SCHOLARSHIPS 326,408.
FORM 990, SCHEDULE D, PART V, LINE 4, THE PURPOSE OF THE ENDOWMENT FUND IS TO ASSIST THE SCHOOL IN MAINTAINING FINANCIAL STABILITY. THE MAIN FUNCTION OF THE ENDOWMENT FUND IS THE HELP MINIMIZE TUITION INCREASES THAT MIGHT OTHERWISE BE REQUIRED AS EDUCATIONAL COSTS RISE.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy Stmt1NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc1PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media1PolicyPublViaBroadcastMedia
Maint Racial Composition Records1MaintRacialCompositionRecords
Maint Scholarships Records1MaintScholarshipsRecords
Maint Copies Of Brochures Etc1MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations1MaintCopiesOfAllSolicitations
Discriminate Race Students Rights0DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies0DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty0DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships0DiscriminateRaceScholarships
Discriminate Race Educ Policies0DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog0DiscriminateRaceAthleticProg
Discriminate Race Other Acty0DiscriminateRaceOtherActy
Government Financial Aid Received0GovernmentFinancialAidReceived
Government Financial Aid Revoked0GovernmentFinancialAidRevoked
Compliance With Rev Proc75501ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

FieldValueIRS element (for citing)
IdentifierEXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATIONIdentifier
Return ReferenceSCHEDULE E, PART I, LINE 3ReturnReference
ExplanationTHE FOLLOWING STATEMENT IS INCLUDED IN THE ANNUAL BROCHURE: GULF STREAM DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR OR NATIVE ORIGINS IN ITS ADMISSIONS, FINANCIAL AID, EDUCATION, OR ANY OTHER PROGRAM.Explanation

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantSCHOLARSHIPSTypeOfGrant
Number Of Recipients35NumberOfRecipients
Amount Of Cash Grant326408AmountOfCashGrant
Method Of ValuationFMVMethodOfValuation

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierPROCEDURE FOR MONITORING GRANTS IN THE U.S.:Identifier
Return ReferencePART I, LINE 2:ReturnReference
ExplanationSCHEDULE I, PART I, LINE 2: GULF STREAM SCHOOL ENDEAVORS TO MAKE AVAILABLE NEED-BASED FINANCIAL AID TO QUALIFIED STUDENTS WHO ARE ACCEPTED TO THE SCHOOL. FINANCIAL AID ALLOWS DESERVING STUDENTS AN OPPORTUNITY FOR AN INDEPENDENT SCHOOL EDUCATION WHILE ENABLING THE SCHOOL TO ATTRACT FAMILIES AND STUDENTS WITH VARIED BACKGROUNDS AND INTERESTS. GULF STREAM SCHOOL SUBSCRIBES TO THE PRINCIPLES AND SERVICES OF SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS). PARENTS APPLYING FOR FINANCIAL AID MUST COMPLETE THE CONFIDENTIAL STATEMENT OF NEED KNOWN AS THE PARENTS' FINANCIAL STATEMENT (PFS). ONCE THE PFS IS RECEIVED AND REVIEWED BY SSS, GULF STREAM RECEIVES A REPORT WHICH INCLUDES A RECOMMENDATION FOR A FINANCIAL AID AWARD. FAMILIES MUST ALSO PROVIDE THE SCHOOL WITH SIGNED COPIES OF THEIR MOST RECENT IRS FORM 1040, INCLUDING ALL SCHEDULES, AND SUPPORTING DATA WITH W-2S.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Discretionary Spending AccountXDiscretionarySpendingAccount
Housing Allowance Or ResidenceXHousingAllowanceOrResidence
Written Policy Re T And E Expenses0WrittenPolicyReTAndEExpenses
Substantiation Required0SubstantiationRequired
Compensation CommitteeXCompensationCommittee
Written Employment ContractXWrittenEmploymentContract
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

FieldValueIRS element (for citing)
Name PersonJOSEPH J ZALUSKINamePerson
Base Compensation Filing Org159535BaseCompensationFilingOrg
Comp Based On Related Orgs0CompBasedOnRelatedOrgs
Bonus Filing Org7500BonusFilingOrg
Bonus Related Orgs0BonusRelatedOrgs
Other Compensation Filing Org0OtherCompensationFilingOrg
Other Compensation Related Orgs0OtherCompensationRelatedOrgs
Deferred Comp Filing Org11287DeferredCompFilingOrg
Deferred Comp Related Orgs0DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org21111NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs0NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org199433TotalCompensationFilingOrg
Total Compensation Related Orgs0TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org0CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs0CompReportPrior990RelatedOrgs

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePART I, LINE 1AReturnReference
ExplanationTHE RESIDENCE OF THE HEAD OF SCHOOL IS PROVIDED FOR THE BENEFIT OF THE SCHOOL. THE RESIDENCE IS USED FOR THE FOLLOWING SCHOOL FUNCTIONS: COOKOUTS AND PICNICS FOR STUDENTS AND PARENTS; FACULTY ENTERTAINMENT; INDIVIDUAL COUNSELING OF STUDENTS AND PARENTS; ENTERTAINMENT AND HOUSING GUESTS; AND OTHER SIMILAR USE. THE PROPERTY IS AVAILABLE AT ALL TIMES FOR SUCH USE. THE DISCRETIONARY SPENDING ACCOUNT IS PROVIDED TO THE HEAD OF SCHOOL TO BE USED AT HIS DISCRETION. ALL OF THE ACTIVITY ON THIS ACCOUNT IS REVIEWED MONTHLY BY THE BUSINESS MANAGER. A MAJORITY OF THE EXPENSES ARE RELATED TO THE SCHOOL, TO UNDERWRITE THE STUDENT NEEDS OR THE RESIDENCE PROVIDED BY THE SCHOOL. THE HEAD OF SCHOOL AND BUSINESS MANAGER MEET MONTHLY TO VERIFY THAT ALL EXPENDITURES FROM THE ACCOUNT BENEFIT THE SCHOOL.Explanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part III Form990ScheduleLPartIII

FieldValueIRS element (for citing)
Name Of Interested PersonRONALD LUSKNameOfInterestedPerson
Relationship With OrganizationTRUSTEERelationshipWithOrganization
Amount Of Grant11370AmountOfGrant
Type Of AssistanceFINCL AIDTypeOfAssistance

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION B, LINE 11A COPY OF THE RETURN HAS BEEN PROVIDED TO THE BOARD.
FORM 990, PART VI, SECTION B, LINE 12CALL BOARD OF TRUSTEE MEMBERS SIGN THE CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY REQUIRES MEMBERS WHO HAVE A CONFLICT TO DISCLOSE IT TO THE OTHER MEMBERS AND ABSTAIN FROM VOTING ON THE ITEM IN WHICH THEY HAVE A CONFLICT.
FORM 990, PART VI, SECTION B, LINE 15ATHE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES NEGOTIATES THE HEAD OF SCHOOLS ORIGINAL CONTRACT. THE BOARD OF TRUSTEES USES STATISTICAL INFORMATION FROM NAICS TO HELP DETERMINE THE HEAD OF SCHOOLS COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
FORM 990, PART XI, LINE 5:NET UNREALIZED LOSSES ON INVESTMENTS: -29,172.CHANGES IN NET ASSETS OR FUND BALANCES:

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