2012-05-11T14:22:49-04:00 2011-06-30 WithumSmithBrown PC 465 South St Ste 200 Morristown NJ 079606497 990 2010-07-01 221815493 The Red Oaks School Inc REDO 9735397853 21 Cutler Street Morristown NJ 07960 SHAI KOPELD 2012-05-11 Anthony J Panico 9738989494 2010 2016-02-24 21:20:13Z MARILYN E STEWART 21 CUTLER STREET MORRISTOWN NJ 07960 3341863 false X WWW.REDOAKSSCHOOL.ORG X 1965 NJ TO OPERATE A MONTESSORI SCHOOL, PRESCHOOL TO 6TH GRADE with, APPROXIMATELY 167 STUDENTS. TO PROMOTE A LOVE OF LEARNING, A STRONG SOCIAL CONSCIENCE AND A SPIRIT OF DISCOVERY IN CHILDREN. 16 16 43 0 0 0 231430 224225 3339354 3047863 474 508 0 8000 3571258 3280596 0 2598 0 0 2245165 2278202 0 0 73803 1121956 961948 3367121 3242748 204137 37848 2274676 2318084 616663 622223 1658013 1695861 THE MISSION OF THE RED OAKS SCHOOL IS TO LAY THE FOUNDATION FOR STUDENTS TO BE ENGAGED GLOBAL CITIZENS, EQUIPPED WITH 21ST CENTURY SKILLS. OUR DYNAMIC CURRICULUM IS BASED ON CORE MONTESSORI PRINCIPLES, ENHANCED BY CURRENT EDUCATIONAL RESEARCH. THE RED OAKS SCHOOL PROVIDES A CULTURALLY DIVERSE ENVIRONMENT IN WHICH STUDENTS DEVELOP A LOVE OF LEARNING, A STRONG SOCIAL CONSCIENCE, AND A SPIRIT OF DISCOVERY AS THEY PURSUE THEIR FULL ACADEMIC AND PERSONAL POTENTIAL. false false 2370069 0 3047863 EXPENSES INCURRED IN FULFILLING ITS MISSION IN LAYING THE FOUNDATION FOR STUDENTS TO BE ENGAGED GLOBAL CITIZENS, EQUIPPED WITH 21ST CENTURY SKILLS. OUR DYNAMIC CURRICULUM IS BASED ON CORE MONTESSORI PRINCIPLES, ENHANCED BY CURRENT EDUCATIONAL RESEARCH. THE RED OAKS SCHOOL PROVIDES A CULTURALLY DIVERSE ENVIRONMENT IN WHICH STUDENTS DEVELOP A LOVE OF LEARNING, A STRONG SOCIAL CONSCIENCE, AND A SPIRIT OF DISCOVERY AS THEY PURSUE THEIR FULL ACADEMIC AND PERSONAL POTENTIAL. 2370069 true true false false false false false false false true false false false false true true false true false false false false false true false false false false true false false false false false false false false false false false false false false false false false false true 23 0 true 43 true false false false false false true true false false false false X 16 16 false false false false false false false true true false false false true true true true true true false false NJ X ROSE DITCHKO 9735397853 21 CUTLER STREET MORRISTOWN NJ 07960 MICHAEL MOONEY 5.0 X X 0 0 0 WENDY SUPRON 5.0 X X 0 0 0 JANET DAVIS 5.0 X X 0 0 0 SHAI KOPELD 5.0 X X 0 0 0 KAREN BENTON 3.0 X 0 0 0 ANNE CAROLAN 3.0 X 0 0 0 LYNN CASTRATARO 3.0 X 0 0 0 FRED DOUGLAS 3.0 X 0 0 0 ANNEMARIE FELDMAN 3.0 X 0 0 0 CHRISTINE GOLDTHWAITE 3.0 X 0 0 0 FARAH JAN 3.0 X 0 0 0 TARA OLIVO MOORE 3.0 X 0 0 0 MARYANN REILLY 3.0 X 0 0 0 CHRISTINE ST PETER 3.0 X 0 0 0 TINA TERRACIANO 3.0 X 0 0 0 BARTON WARNER 3.0 X 0 0 0 MARILYN E STEWART 50.0 X 223301 0 54697 223301 0 54697 1 false true false NONE 0 91642 132583 224225 TUITION 611710 2808343 2808343 OTHER PROGRAM SERVICE REVENUE 611710 210358 210358 PARENTS ASSOCIATION 611710 29162 29162 3047863 508 508 0 0 0 61267 91642 61267 0 8000 8000 8000 0 0 3280596 3047863 8508 2598 2598 0 0 0 277998 277998 0 1524772 1281976 184966 57830 0 0 475432 358082 101377 15973 0 0 70699 70699 0 0 0 0 37586 30338 7248 93608 22052 71556 52994 52994 0 0 0 0 0 0 0 109022 109022 39734 39734 ENROLLMENT 139635 139635 REPAIRS AND MAINTENANCE 125665 125665 ACADEMIC INSTRUCTION 100481 100481 CONSULTANTS 41844 41844 UTILITIES 34829 34829 115851 70553 45298 3242748 2370069 798876 73803 859052 877428 493183 493310 5473 10069 99413 104493 26773 38266 2429012 1634494 780660 794518 10122 0 2274676 2318084 319801 252764 296862 369459 616663 622223 X 1407995 1445525 250018 250336 0 0 1658013 1695861 2274676 2318084 37848 X false true true X false X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15000 15000 1066983 870152 196831 644881 185045 459836 583405 480348 103057 118743 98949 19794 794518 0 0 3280596 3242748 37848 37848 3341863 61267 61267 3280596 3280596 3304015 61267 61267 3242748 3242748 TEXT OF FIN 48 AUDITED FINANCIAL STATEMENT FOOTNOTE SCHEDULE D, PART X AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE ORGANIZATION FOR THE YEARS ENDED June 30, 2011 AND JUNE 30, 2010; RESPECTIVELY. THE FOLLOWING FOOTNOTE IS INCLUDED IN THE ORGANIZATION'S YEAR ENDED JUNE 30, 2011 AUDITED FINANCIAL STATEMENTS THAT REPORTS THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX PROVISIONS UNDER FIN 48: ROS followed the provisions of authoritative guidance on accounting for uncertainty in income taxes for the years ended June 30, 2011 and 2010. Under this guidance, tax positions are evaluated for recognition using a more-likely-than-not threshold, and those tax positions requiring recognition are measured at the largest amount of tax benefit that is greater than 50 percent likely of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. ROS has evaluated the likelihood of their tax exempt status being challenged as remote. Accordingly, ROS has not included any income tax provisions or any potential liabilities for taxes on unrelated business income, including interest and penalties, in the financial statements related to potential violations of their tax exempt status. ROS has no open years prior to 2007. There are no income tax related interest or penalties reflected in these financial statements. RECONCILIATION OF REVENUE SCHEDULE D, PART XII; LINE 2D FUNDRAISING EXPENSES - $61,267. RECONCILIATION OF EXPENSES SCEDULE D, PART XIII; LINE 2D FUNDRAISING EXPENSES - $61,267. true true true true true true true false false false false false false false false false false true NON DISCRIMINATORY POLICY SCHEDULE E; PART I, LINE 3 The Red Oaks School provides a culturally diverse environment in which students develop a love of learning, a strong social conscience, and a spirit of discovery as they pursue their full academic and personal potential. At Red Oaks children grow up in a global community. They learn to understand and appreciate cultural differences and the shared human values of peace, independence, human dignity, and our interconnectedness with each other and with this planet that sustains us. We have created a positive sense of identity, mutual consideration, and concern among students and faculty that truly defines us as a caring multicultural community. THE RACIALLY NON-DISCRIMINATORY AND COMMUNITY POLICIES OF THE RED OAKS SCHOOL ARE DISCLOSED ON THE ORGANIZATIONS ADMISSIONS PACKET AND WEBSITE, WWW.REDOAKSSCHOOL.ORG. GALA 152909 91642 61267 21525 2250 37492 0 152909 91642 61267 21525 2250 37492 61267 X X false false false false false false false false false MARILYN E STEWART 217301 0 0 0 6000 0 43019 0 11678 0 277998 0 0 0 DISCLOSURE INFORMATION CORE FORM, PART VI, SECTION B; QUESTION 11b THE FORM 990 WAS MADE AVAILABLE TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. PRIOR TO THIS, FORM 990 WAS PROVIDED TO THE ORGANIZATION'S TREASURER AND FINANCE COMMITTEE FOR REVIEW BY ITS MEMBERS. THE FINANCE COMMITTEE HAS THE RESPONSIBILITY TO OVERSEE, REVIEW AND APPROVAL OF THE FEDERAL FORM 990, INCLUDING THE PREPARATION, REVIEW AND FILING PROCESS. AS PART OF THE TAX RETURN PREPARATION PROCESS, THE ORGANIZATION HAS HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN THE NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS FROM THE ORGANIZATION TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S TREASURER AND FINANCE COMMITTEE AND OTHER PERSONNEL FOR THEIR REVIEW. THE ORGANIZATION'S TREASURER AND FINANCE COMMITTEE REVIEWED THE DRAFT AND WHERE NECESSARY DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE AND A FINAL RETURN WAS FURNISHED TO THE ORGANIZATION. DISCLOSURE INFORMATION CORE FORM, PART VI, SECTION B; QUESTION 12 THE ORGANIZATION MAINTAINS THE WRITTEN CONFLICT OF INTEREST POLICY AS APPROVED BY THE ORGANIZATION'S BOARD. THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND MANAGEMENT PERSONNEL ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION FOR REVIEW AND A SUMMARY OF THE RESULTS ARE COMPLETED AND DISCUSSED WITH INDIVIDUALS AS NEEDED. DISCLOSURE INFORMATION CORE FORM, PART VI, SECTION B; QUESTION 15 THE ORGANIZATION'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE ("COMMITTEE"). THE COMMITTEE HAS ADOPTED AN EXECUTIVE COMPENSATION PHILOSOPHY WHICH IT FOLLOWS WHEN IT REVIEWS AND APPROVES OF THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S HEAD OF SCHOOL. THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE HEAD OF SCHOOL WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE'S REVIEW IS DONE EVERY THREE YEARS AND ENSURES THAT THE "TOTAL COMPENSATION" OF SENIOR MANAGEMENT OF THE HEAD OF SCHOOL IS REASONABLE. THE ACTIONS TAKEN BY THE COMMITTEE ENABLE THE ORGANIZATION TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 4958 WITH RESPECT TO THE HEAD OF SCHOOL. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2. THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES EACH OF WHO ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMMITTEE RELIED UPON APPROPRIATE COMPARABLE DATA; SPECIFICALLY THE COMMITTEE UTILIZED THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT THAT SPECIALIZES IN "HEAD OF SCHOOL" COMPENSATION. IN ADDITION, THE ORGANIZATION UTILIZED COMPENSATION DATA COMPILED BY THE NEW JERSEY ASSOCIATION OF INDEPENDENT SCHOOLS FOR FAIR MARKET VALUE BENCHMARKING PURPOSES. THE COMMITTEE ADEQUATELY DOCUMENTED ITS BASIS FOR ITS DETERMINATION THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE EXECUTIVE COMMITTEE MEETINGS DURING WHICH THE HEAD OF SCHOOL COMPENSATION AND BENEFITS WAS REVIEWED AND SUBSEQUENTLY APPROVED. DISCLOSURE INFORMATION CORE FORM, PART VI, SECTION C; QUESTION 19 THE ORGANIZATION'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY SECRETARY OF STATE. IN ADDITION, THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS CORE FORM, PART XII; QUESTION 2 AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE ORGANIZATION FOR THE YEARS ENDED JUNE 30, 2011 AND JUNE 30, 2010; RESPECTIVELY, AND ISSUED A CERTIFIED AUDITED FINANCIAL STATEMENT. AN UNQUALIFIED OPINION WAS ISSUED BY THE INDEPENDENT CPA FIRM EACH YEAR. THE ORGANIZATION'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT AUDITOR.