2012-05-09T09:36:07-04:00 2011-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2010-07-01 131635257 The Chapin School Ltd CHAP 2124724690 100 EAST END AVENUE NEW YORK NY 10028 JAY MATHEWS 2125704984 2012-05-08 2129498700 2010 2016-02-24 21:20:13Z JAY MATTHEWS DIR OF FINANCE 100 EAST END AVENUE NEW YORK NY 10028 94792862 false X WWW.CHAPIN.EDU X 1929 NY The Chapin School is an independent day school for young women in grades K through 12. Chapin is committed to preparing women to thrive and lead through academic excellence, integrity and responsibility. 23 23 226 150 0 0 6280838 7552898 23124580 25202960 -1311010 13144125 115126 256967 28209534 46156950 3553554 3971094 0 0 16749108 16792955 18073 18000 1579705 14137763 13297408 34458498 34079457 -6248964 12077493 178631499 195738976 47660278 46948414 130971221 148790562 The Chapin School is an independent day school for young women in grades K through 12. Chapin is committed to preparing young women to thrive and lead through the pursuit of acdemic excellence, personal integrity and community responsibility. false false 21240466 3971094 25202960 THE SCHOOL MEETS THE EDUCATIONAL NEED OF APPROXIMATELY 713 STUDENTS FROM KINDERGARTEN THROUGH 12TH GRADE, WITH AN INSTRUCTIONAL STAFF OF 123 AND ADDITIONAL SUPPORT STAFF OF 65 EMPLOYEES. GRANTS ARE GIVEN BY THE SCHOOL IN THE FORM OF FINANCIAL AID TO ELIGIBLE STUDENTS. DURING THE SCHOOL YEAR ENDED JUNE 30, 2011, 142 ELIGIBLE STUDENTS WERE AWARDED SUCH SCHOLARSHIPS. 21240466 true true false false false false false false true true true false false true true true false true false true false false true false false false false true true true false false false false false true false false false false true false false false false false false false false false true 64 0 226 true false false CJ false false false false false false false false X 23 23 false false false false false false false true true false false true true true true true true true true false NY X JAY MATHEWS CO THE SCHOOL 2124724690 100 EAST END AVENUE NEW YORK NY 10028 Linden Havemeyer Wise 15.0 X X 0 0 0 Linda B Brandi 5.0 X X 0 0 0 Joseph L Rice 5.0 X X 0 0 0 Dorothy Whitmarsh Sprague 5.0 X X 0 0 0 Tanya Ryk Friedman 5.0 X X 0 0 0 LeeAnn Black 5.0 X 0 0 0 Scott L Bok 2.0 X 0 0 0 Shelley Sporleder Carr 2.0 X 0 0 0 Ruby Anyimi Ditchfield-Agboh 2.0 X 0 0 0 Andrea Hagan 8.0 X 0 0 0 Lisa Hess 2.0 X 0 0 0 Lee Paine Highet 5.0 X 0 0 0 Sandra J Horbach 2.0 X 0 0 0 James P Martin 5.0 X 0 0 0 Frank R Mori 2.0 X 0 0 0 Nirmal Narvekar 2.0 X 0 0 0 Brooke Garber Neidich 2.0 X 0 0 0 Joanne Blodgett Prager 2.0 X 0 0 0 Linda Gosden Robinson 2.0 X 0 0 0 Stuart Rothenberg 5.0 X 0 0 Robert F X Sillerman 2.0 X 0 0 0 Jerry Thomas III 5.0 X 0 0 0 Rosemary H Yeoh 2.0 X 0 0 0 Patricia T Hayot 50.0 X 354900 0 120073 Jay Mathews 50.0 X 225494 0 31464 Sara E Adler 40.0 X 155084 0 24863 Theresa Cruite 40.0 X 96763 0 17728 Thomas Palermo 40.0 X 152544 0 25428 Ilana Pergam Previdi 40.0 X 153351 0 24336 Mary Jo Quigley 40.0 X 181497 0 28628 Mary Rafferty 40.0 X 156256 0 24981 Diane Spillios 40.0 X 156297 0 24899 Michelle Caywood 40.0 X 121511 0 20447 Eugene Gardino 40.0 X 123543 0 21055 Barbara Lutz 40.0 X 123666 0 21385 Jonathan Mamelok 40.0 X 145671 0 24135 Vera Bullock 40.0 X 122368 0 20779 2268945 0 430201 30 false true false JOHNSON CONTROLS PO BOX 905240 CHARLOTTE NC 28290 BUILDING MAINTENANCE 319878 MJB CONSTRUCTION 156 BLOOMFIELD AVENUE VERONA NJ 07044 Building Maintenance 319470 QP Trans Corp 165 Wolcott Street BROOKLYN NY 11231 Bus service 265523 Action Graphics Inc 600 Ryerson Road LINCOLN PARK NJ 07035 Printing service 181552 Academy Bus Company 11 Patterson Avenue HOBOKEN NJ 07030 Bus Service 167721 10 180045 7372853 1211744 7552898 TUITION INCOME 611710 23917740 23917740 LUNCHROOM INCOME 611710 1056560 1056560 SCHOOL BUS FEE INCOME 611710 203060 203060 APPLICATION FEE INCOME 611710 25600 25600 25202960 1853938 18539938 0 0 3400 3400 3400 3400 59864126 47710309 863630 12153817 -863630 11290187 11290187 0 0 129980 61973 68007 68007 OTHER INCOME 900099 15560 15560 ARBITRATION SETTLEMENT 900099 170000 170000 185560 46156950 25202960 30087092 0 3971094 3971094 0 0 2349754 1190801 1011415 147538 0 10753804 8527117 1566613 660074 1206570 803287 342504 60779 1400296 784177 556786 59333 1082531 665794 366361 50376 0 99772 99772 73000 73000 0 18000 18000 616840 616840 454237 454237 95102 95102 1244106 269225 766590 208291 79920 63236 16684 0 475357 398377 38490 38490 422139 244069 178070 0 94294 94294 1934990 1934990 0 3733264 2421711 1086515 225038 139783 139783 OTHER INSTRUCTIONAL EXPENSE 848139 848139 LUNCH ROOM EXPENSE 1053439 1053439 BUILDING AND MAINTENANCE 1837082 1837082 MISCELLANEOUS 95944 95944 34079457 21240466 11259286 1579705 336431 825479 3161376 3512015 19587335 15352941 589244 383772 500000 500000 255931 409721 90020752 26005133 67492179 64015619 72881499 95812725 12399042 13363369 1428462 1563335 178631499 195738976 3325302 3203992 3785404 4051261 39390000 38750000 1159572 943161 47660278 46948414 X 107089747 128658388 20935406 17186106 2946068 2946068 130971221 148790562 178631499 195738976 X 12077493 5741848 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30742104 9098297 4194000 35646401 31076062 40000 3690042 4064000 30742104 43644304 40000 -8436384 4171858 31076062 0.92000 0.08000 false false 1264097 1264097 78768918 19357149 59411769 9987737 6647984 3339753 64015619 ALTERNATIVE INVESTMENTS 13363369 F 13363369 0 POST RETIREMENT BENEFIT OLIBGATIONS 95000 DUE TO BROKERS 359982 AND ANNUITY INCOME GIFTS 167387 ACCRUED BOND INTEREST 320792 943161 46156950 34079457 12077493 5741848 5741848 17819341 48236467 5741848 61973 5803821 42432646 616840 3107464 3724304 46156950 30417126 61973 61973 30355153 616840 3107464 3724304 34079457 SCHEDULE D PART V LINE 4 USE OF ENDOWMENT FUNDS The School's Endowment Funds provide a predictable stream of funding to programs supported by its endowment, while seeking to maintain the purchasing power of the endowment. SCHEDULE D PART X LINE 2 INCOME TAX UNCERTAINTIES THE SCHOOL IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL STANDARDS BOARD'S ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10-05 RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE SCHOOL'S GENERAL-TAX EXEMPT STATUS, ASC 740-10-05 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. SCHEDULE D PART XII LINE 2D OTHER REVENUE INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED ON FORM 990 BOOK STORE EXPENSE $ 61,973 SCHEDULE D PART XII LINE 4B AMOUNTS INCLUDED IN FORM 990 NOT INCLUDED IN FINANCIAL STATEMENTS SCHOLARSHIP EXPENSE $ 3,971,094 LOSS ON DISPOSAL OF EQUIPMENT -863,630 ------------ TOTAL OTHER $ 3,107,464 SCHEDULE D PART XIII LINE 2D OTHER EXPENSE INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED IN FORM 990 BOOK STORE EXPENSE $ 61,973 SCHEDULE D PART XIII LINE 4B EXPENSES INCLUDED ON FORM 990 NOT INCLUDED IN FINANCIAL STATEMENTS SCHOLARSHIPS $ 3,971,094 LOSS ON DISPOSAL OF EQUIPMENT 863,630 ------------ TOTAL OTHER $ 3,107,464 true true true true true true true false false false false false false false false true false true SCHEDULE E PART I LINE 3 PUBLICATION OF NONDISCRIMINATORY POLICY THE SCHOOL MAKES ALL INTERESTED PARTIES AWARE OF ITS NONDISCRIMINATION POLICY THROUGH NEWSPAPER ADVERTISEMENT, BROCHURES AND OTHER MEDIA. SCHEDULE E PART 1 LINE 6A ASSISTANCE FROM GOVERNMENT THE SCHOOL RECEIVED FINANCIAL ASSISTANCE FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR MANDATED SERVICES. THE FINANCIAL ASSISTANCE AMOUNTED TO $180,045. Central America and the Caribbean 0 0 Investments NONE 13363369 0 0 0 0 13363369 13363369 false false false false false false X X X X X true Prospect Research Research CAP CAMP RESEARCH false 0 18000 0 0 18000 0 NY true STUDENT SCHOLARSHIPS 142 3971094 FMV Tuition reduction Schedule I Part line 2 THE CHAPIN SCHOOL SUPPORTS ECONOMIC DIVERSITY THROUGH A FINANCIAL AID PROGRAM, AVAILABLE TO STUDENTS AT ALL GRADE LEVELS. THE PROGRAM, BASED SOLELY ON NEED, IS AVAILABLE TO ACADEMICALLY QUALIFIED STUDENTS. THE CHAPIN SCHOOL BELIEVES THAT THE PRIMARY FINANCIAL RESPONSIBILITY FOR A CHILD'S EDUCATION RESTS WITH THE PARENTS, TO THE FULL EXTENT THAT THEY ARE ABLE. THE GOAL OF THE FINANCIAL AID PROGRAM IS TO OFFSET THE DIFFERENCE BETWEEN THE COST OF ATTENDANCE AND A FAMILY'S AVAILABLE FINANCIAL RESOURCES. ADMISSIONS DECISIONS ARE MADE WITHOUT REGARD TO FINANCIAL NEED. LIKE MOST INDEPENDENT SCHOOLS, CHAPIN USES THE STANDARDIZED CALCULATION DERIVED BY THE SCHOOL AND STUDENT SERVICE ("SSS") FOR FINANCIAL AID A DIVISION OF NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, TO CALCULATE A FAMILY'S CONTRIBUTION TO THE COST OF A CHAPIN EDUCATION. THIS SYSTEM CONSIDERS GROSS TAXABLE AND NON-TAXABLE INCOME, ASSETS, LIABILITIES, FAMILY SIZE AND THE NUMBER OF STUDENTS IN TUITION-CHARGING SCHOOLS OR COLLEGES. AFTER AN ALLOWANCE FOR BASIC NECESSETIES AND REQUIRED TAXES, THE REMAINING FUNDS ARE CONSIDERED AVAILABLE FOR EDUCATION ON A SLIDING SCALE. EVERY FAMILY APPLYING FOR FINANCIAL AID BEGINS BY COMPLETING THE PARENTS' FINANCIAL STATEMENT (PFS). THE DATA IN THIS APPLICATION IS ANALYZED BY SSS AND A RECOMMENDATION OF FAMILY CONTRIBUTION IS REPORTED TO CHAPIN AND TO THE FAMILY. THE CHAPIN SCHOOL WILL REVIEW, RE-ANALYZE AND, IF NECESSARY, RE-COMPUTE THIS RECOMMENDATION IN ACCORDANCE WITH SCHOOL POLICIES, GEOGRAPHICAL LOCATION, COST-OF-LIVING DIFFERENCES, AND OTHER FACTORS TO DETERMINE THE AWARDS. X true true X X X X false true false false false false false false false Patricia T Hayot 354900 0 0 0 0 0 82500 0 37573 0 474973 0 Jay Mathews 225494 0 0 0 0 0 0 0 31464 0 256958 0 Sara E Adler 155084 0 0 0 0 0 0 0 24863 0 179947 0 Thomas Palermo 152544 0 0 0 0 0 0 0 25428 0 177972 0 Ilana Pergam Previdi 153351 0 0 0 0 0 0 0 24336 0 177687 0 Mary Jo Quigley 181497 0 0 0 0 0 0 0 28628 0 210125 0 Mary Rafferty 156256 0 0 0 0 0 0 0 24891 0 181147 0 Diane Spillios 156297 0 0 0 0 0 0 0 24889 0 181186 0 Jonathan Mamelok 145671 0 0 0 0 0 0 0 24135 0 169806 0 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438BT4 2006-12-22 7625000 CIVIC FACILITY REVENUE BONDS, false false false NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438BUI 2006-12-22 32375000 CIVIC FACILITY REVENUE BONDS, false false false 7625000 7625000 2009 false false true true 32375000 32375000 2019 false false true true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true false false false false false false false false false false false false false false false false PATRICIA HAYOTT HOUSING MORTGAGE X 500000 500000 false true true 500000 X 72 1211744 FMV 0 false true false FORM 8868 FORM 8868 - APPLICATION FOR EXTENSION OF TIME TO FILE FOR AN EXEMPT ORGANIZATION WAS PAPER FILED. FORM 990 PART VI SECTION B LINE 11A REVIEW OF FORM 990 The audit committee of the board has a meeting with the Director of Finance to review the form 990 and its required attachments and schedules. During this meeting a thorough review of all financial and narrative information is undertaken to make sure all reports and schedules reflect the actual operating results of the school for the most recently completed fiscal year. After this review, the Directors of Finance and the head of the audit committee provides a summary presentation to the executive committee of the board. The Director of Finance files the completed return with the internal revenue service. FORM 990 PART VI SECTION B LINE 12C CONFLICT OF INTEREST POLICY TRUSTEES AND PROFESSIONAL STAFF ARE REQUIRED TO ATTEST ANNUALLY TO THEIR FAMILIARITY WITH THE SCHOOL'S POLICIES AND PROVIDE INFORMATION CONCERNING ANY POSSIBLE CONFLICT OF INTEREST. FORM 990 PART VI SECTION B LINE 15A AND 15B COMPENSATION THE COMPENSATION COMMITTEE OF THE TRUSTEES DETERMINES THE ANNUAL INCREASE FOR THE HEAD OF THE SCHOOL. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR OTHER EMPLOYEES. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS AND IN THE AREA. FORM 990 PART VI SECTION C LINE 18 AND 19 PUBLIC INSPECTION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990 Part 12 Reconciliation of Net Assets Line 5 Other changes in net assets or fund balances UNREALIZED GAINS $ 5,741,848 ----------- TOTAL OTHER CHANGES IN NET ASSETS $ 5,741,848