2012-05-08T18:20:57-05:00 2011-06-30 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2010-07-01 111743680 THE KNOX SCHOOL KNOX 6316861600 541 LONG BEACH ROAD ST JAMES NY 11780 GEORGE K ALLISON 6316861600 2012-05-04 1 FREDERICK H ROTHMAN 2128674000 2010 2016-02-24 21:20:13Z GEORGE K ALLISON 541 LONG BEACH ROAD ST JAMES NY 11780 6846272 0 X WWW.KNOXSCHOOL.ORG X 1953 NY THE KNOX SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION INCORPORATED IN 1953 UNDER THE LAWS OF THE STATE OF NEW YORK. THE SCHOOL IS A NONSECTARIAN, INDEPENDENT, MULTICULTURAL, COED DAY AND BOARDING COLLEGE PREPARATORY SCHOOL THAT SERVES 125 STUDENTS IN GRADES 6 THROUGH 12. HOME TO MANY INTERNATIONAL STUDENTS, THE DIVERSE COMMUNITY OFFERS A NURTURING AND CARING ENVIRONMENT TO LIVE, LEARN AND GROW. IN ADDITION TO ITS WELL-ESTABLISHED EQUESTRIAN PROGRAM AND BEAUTIFUL WATERFRONT CAMPUS, THE SCHOOL PROVIDES STUDENTS WITH MANY OPPORTUNITIES TO PARTICIPATE IN A WIDE VARIETY OF SPORTS, CLUBS AND LEADERSHIP ROLES.THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL IS SUPPORTED PRIMARILY BY TUITION AND FEES. 12 11 202 0 0 0 246817 332993 6120815 6343022 6444 7271 29954 55893 6404030 6739179 507923 631432 0 0 3642560 3863875 0 0 311090 3008129 3069340 7158612 7564647 -754582 -825468 5455994 6482104 2723782 4575360 2732212 1906744 TO PROVIDE THE OPPORTUNITY FOR CAPABLE STUDENTS TO EXCEL WITHIN A LIBERAL ARTS PROGRAM INFUSED WITH ARTISTIC AND ATHLETIC PURSUITS, IN PREPARATION FOR HIGHER EDUCATION AT SELECTIVE COLLEGES AND UNIVERSITIES. 0 0 4941609 631432 5279229 SERVING 125 STUDENTS IN A COLLEGE PREPARATORY CURRICULUM OVER THREE TRIMESTER. FACULTY AND STAFF OF 67 FULL AND PARTTIME 805005 991788 KNOX SCHOOL SUMMER ADVENTURES AN EIGHT WEEK SUMMER PROGRAM SERVING 557 CAMPERS. PROGRAMS INCLUDE BASEBALL, RIDING, TENNIS, WATER ADVENTURES AND CLASSROOM INSTRUCTION. 251453 83965 EQUESTRIAN PROGRAM SERVES BETWEEN 40-45 STUDENTS WHO COMPETE IN 5-6 COMPETITIONS EACH YEAR. WE ALSO OFFER A WEEKEND PROGRAM TO LOCAL CHILDREN. 5998067 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 202 1 0 0 0 0 1 0 1 1 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X SANTA OLSEN CONTROLLER 6316861600 541 LONG BEACH ROAD ST JAMES NY 11780 ANTHONY HERMANN 1.00 X X 0 0 0 EILEEN REINA 1.00 X X 0 0 0 HENRY TREVOR 1.00 X X 0 0 0 JACK ESTERLING 1.00 X X 0 0 0 DIANE BRISKIN 1.00 X 0 0 0 DR SARA COEN 1.00 X 0 0 0 BENJAMIN W CILENTO 1.00 X 0 0 0 PELOPS DAMANIOS 1.00 X 0 0 0 FRANK C HUNTINGTON 1.00 X 0 0 0 SUSAN HAMBRECHT 1.00 X 0 0 0 ANDRES S PAGAN 1.00 X 0 0 0 MARK MANDRAKOS 1.00 X 0 0 0 MICHAEL SULLIVAN 1.00 X 0 0 0 GEORGE ALLISON 40.00 X 206054 0 17773 JACK HUNDLEY 40.00 X 101065 0 6259 307119 0 24032 2 0 1 0 CULINART INC 175 SUNNYSIDE BLVD PLAINVIEW NY 11803 FOOD SERVICES 469237 FIRST STUDENT PO BOX 932 SHOREHAM NY 11788 TRANSPORTATION 111854 2 17970 315023 5318 332993 TUITION AND FEES 611710 4921339 4921339 SUMMER PROGRAM REVENUE 611710 991788 991788 AUXILIARY SERVICES 611710 416845 416845 TRANSPORTATION 480000 13050 13050 6343022 7873 7873 3500 3500 3500 3500 11598 12200 -602 -602 -602 45790 17970 35374 10416 10416 51390 59519 -8129 -8129 MISCELLANEOUS REVENUE 900099 25096 25096 STUDENT SERVICES 900099 25010 25010 50106 6739179 6354982 0 51204 631432 631432 351625 351625 2846330 2296343 368719 181268 93414 81930 5754 5730 305836 239900 49159 16777 266670 199603 53108 13959 28805 28805 36000 36000 154161 151480 2012 669 162949 162463 486 882481 497255 306366 78860 541893 506225 30487 5181 197572 192169 1990 3413 303931 291774 9118 3039 169551 162768 5087 1696 FOOD SERVICE 395884 395884 ADMISSIONS COMMISSION 167718 167718 DUES AND FEES 20310 13397 6913 OTHER 8085 7726 347 12 7564647 5998067 1255490 311090 919754 1028455 1020598 1198368 95382 99802 7344 13447 92687 82589 154466 170873 9246960 5358390 3153563 3888570 12200 0 5455994 6482104 156914 497168 2566868 3078192 1000000 2723782 4575360 X 1543166 545889 195066 366875 993980 993980 2732212 1906744 5455994 6482104 -825468 0 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1048554 13742 1062296 961666 45072 41816 1048554 939822 21844 961666 0.99040 0.00960 0 0 320151 320151 5881710 3876538 2005172 1995809 1481852 513957 1049290 1049290 3888570 6739179 7564647 -825468 0 -825468 6156331 0 6156331 582848 582848 6739179 6981799 59519 59519 6922280 642367 642367 7564647 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S PERMANENTLY RESTRICTED NET ASSETS CONSIST OF ENDOWMENT FUND ASSETS TO BE HELD IN PERPETUITY. THE INCOME FROM THE ASSETS CAN BE USED TO SUPPORT THE SCHOOL'S GENERAL PURCHASES AS WELL AS THE SCHOOL'S CAPITAL FUND, FACULTY ENROLLMENT, AND SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: UNCERTAINTY IN INCOME TAXES - THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2008 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 631,432. FUNRAISING EXPENSES 10,935. BOOKSTORE COST OF GOODS SOLD -59,519. PART XIII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE- COST OF GOODS SOLD 59,519. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 631,432. FUNDRAISING EXPENSES 10,935. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 PROMOTIONAL LITERATURE AS WELL AS NEWSPAPER ADVERTISMENTS IN THE SMITHTOWN NEWS INCLUDES STATEMENT OF THE SCHOOL'S NONDISCRIMINATION POLICIES. GOLF TOURNAMENT 63760 17970 45790 9000 7236 19138 63760 17970 45790 9000 7236 19138 35374 10416 1 SCHOLARSHIPS AND TUITION ASSISTANCE 26 631432 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS ARE AWARDED BY THE SCHOLARSHIP COMMITTEE BASED ON THE NEEDS OF THE SCHOOL. THE COMMITTEE IS COMPRISED OF THE ASSISTANT HEADMASTER FOR EXTERNAL AFFAIR'S AND ENROLLMENT AND THE ASSOCIATE HEADMASTER. FAMILIES SEEKING EITHER NEED BASED AID OR SCHOLARSHIP SUBMIT THE REQUIRED INFORMATION TO FAST, THE AID COMPONENT OF INDEPENDENT SCHOOL MANAGEMENT. BASED ON THIS INFORMATION AND THE SUPPLEMENTAL INFORMATION PROVIDED TO THE COMMITTEE BY THE PARENTS, SCHOLARSHIPS ARE AWARDED. SCHOLARSHIPS ARE GIVEN EACH YEAR WITHIN THE BOARD APPROVED BUDGET. THE ASSOCIATE HEADMASTER (CFO) VERIFIES THE AWARDS AND THEY ARE ALSO FULLY AUDITED BY AN INDEPENDENT ACCOUNTING FIRM DURING THE ANNUAL AUDIT. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 GEORGE ALLISON 206054 0 0 0 0 0 10780 0 6993 0 223827 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES ON-CAMPUS HOUSING AS A REQUIREMENT OF EMPLOYMENT. THIS IS A NON-TAXABLE BENEFIT. IN ADDITION HE RECEIVES MEMBERSHIP TO A BEACH CLUB WHICH IS REFLECTED AS A TAXABLE BENEFIT. SANDRA HUNDLEY OFFICER'S WIFE 34525 SANDRA IS MARRIED TO JACK HUNDLEY AND WORKED FOR THE SCHOOL AS AN ESL (ENGLISH SECOND LANGUAGE) TEACHER DURING FISCAL YEAR 2010. 0 FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, THE 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, FOR REVIEW AND APPROVAL. A COPY OF THE FINAL 990 IS THEN MADE AVAILABLE TO THE ENTIRE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD EXPECTS THAT TRUSTEES, ADMINISTRATORS, FACULTY, STAFF AND OTHER EMPLOYEES OF THE SCHOOL WILL ABIDE BY THE CONFLICT OF INTEREST POLICY. THE BOARD OF TRUSTEES AFFIRMS THAT THE TRUSTEES, OFFICERS, ADMINISTRATORS, FACULTY, STAFF, AND OTHER EMPLOYEES OF THE SCHOOL HAVE AN OBLIGATION TO EXERCISE THEIR AUTHORITY AND TO CARRY OUT THE DUTIES OF THEIR RESPECTIVE POSITIONS FOR THE SOLE BENEFIT OF THE SCHOOL. THEY SHOULD AVOID PLACING THEMSELVES IN POSITIONS IN WHICH THEIR PERSONAL INTERESTS ARE, OR MAY BE, IN CONFLICT WITH THE INTERESTS OF THE SCHOOL. WHERE A POTENTIAL CONFLICT OF INTEREST EXISTS, IT SHALL BE THE RESPONSIBILITY OF THE PERSON INVOLVED OR ANY OTHER PERSON WITH KNOWLEDGE TO NOTIFY THE BOARD OF TRUSTEES OF THE CIRCUMSTANCES RESULTING IN THE POTENTIAL CONFLICT SO THAT THE BOARD OF TRUSTEES CAN PROVIDE SUCH GUIDANCE AND TAKE SUCH ACTION AS IT SHALL DEEM APPROPRIATE. AREAS OF POTENTIAL CONFLICT OF INTEREST ARE: FINANCIAL INTERESTS, INSIDE INFORMATION, CONFLICTING INTERESTS OTHER THAN FINANCIAL, AND GIFTS AND FAVORS. NO TRUSTEE WHO DIRECTLY OR INDIRECTLY IS INVOLVED IN A POTENTIAL CONFLICT OF INTEREST SHALL BE COUNTED IN DETERMINING THE EXISTENCE OF QUORUM AT ANY MEETING OF THE BOARD WHERE THE POTENTIAL CONFLICT IS CONSIDERED, NOR SHALL THE TRUSTEE VOTE ON ANY ACTION OF THE BOARD REGARDING THAT POTENTIAL CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.