2012-05-14T11:25:01-05:00 2011-06-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174011 990 2010-07-01 135562167 Bank Street College of Education BANK 2128754621 610 West 112th Street New York NY 100251120 frank nuara 2012-05-14 2125990100 2010 2016-02-24 21:20:13Z ELIZABETH DICKEY 610 WEST 112TH STREET NEW YORK NY 10025 68557596 false X WWW.BNKST.EDU X 1916 NY Bank Street College of Education is an independent co-educational institution offering an elementary school and a graduate teachers college. 28 27 983 0 764785 -305255 12067763 13680380 39102733 40436845 1352313 1605385 1435952 1560352 53958761 57282962 6461313 6380379 0 0 31211566 34115683 0 0 1332187 12947209 15224577 50620088 55720639 3338673 1562323 62853556 67479423 26059105 26097152 36794451 41382271 X THE MISSION OF BANK STREET COLLEGE IS TO IMPROVE THE EDUCATION OF CHILDREN AND THEIR TEACHERS BY APPLYING TO THE EDUCATIONAL PROCESS ALL AVAILABLE KNOWLEDGE ABOUT LEARNING AND GROWTH, AND BY CONNECTING TEACHING AND LEARNING MEANINGFULLY TO THE OUTSIDE WORLD. IN SO DOING, WE SEEK TO STRENGTHEN NOT ONLY INDIVIDUALS, BUT THE COMMUNITY AS WELL, INCLUDING FAMILY, SCHOOL, AND THE LARGER SOCIETY IN WHICH ADULTS AND CHILDREN, IN ALL THEIR DIVERSITY, INTERACT AND LEARN. WE SEE IN EDUCATION THE OPPORTUNITY TO BUILD A BETTER SOCIETY. BANK STREET COLLEGE SUPPORTS THE ENTIRE SPECTRUM OF EDUCATION, SUPPORTING the founder LUCY SPRAGUE MITCHELL'S MISSION TO "KEEP ONE EVER A LEARNER." false false 20304636 6380379 19759189 BANK STREET COLLEGE OF EDUCATION IN NEW YORK CITY has two educational divisions. The graduate school PREPARes OUTSTANDING TEACHERS AND LEADERS IN SCHOOLS, MUSEUMS, AND OTHER EDUCATIONAL SETTINGS. OUR GRADUATE DEGREES IN EDUCATION PROVIDE OUR STUDENTS WITH A THOROUGH, RIGOROUS, HUMANISTIC FOUNDATION FOR THEIR CAREERS IN EARLY CHILDHOOD, ELEMENTARY, AS WELL AS EDUCATIONAL LEADERSHIP, MUSEUM EDUCATION, CHILD LIFE, AND READING AND LITERACY. WE TRAIN EDUCATORS TO FIND WAYS TO MAKE LEARNING VITAL, ACTIVE, AND CREATIVE FOR CHILDREN FROM DIVERSE BACKGROUNDS WHO COME TO THE CLASSROOM WITH THE BROAD RANGE OF LEARNING STYLES. 19314166 0 21098064 in CHILDREN'S PROGRAMs, BANK STREET HAS BEEN SERVING students FOR almost 100 years. IT DOES SO BY PROVIDING HIGH QUALITY EARLY CHILDHOOD PROGRAMS THROUGH AN ONSITE FAMILY CENTER AND AN INDEPENDENT DEMONSTRATION SCHOOL FOR CHILDREN, AS WELL AS THROUGH ITS AFTER SCHOOL AND SUMMER CAMP PROGRAMS. THE FAMILY CENTER, THE SCHOOL FOR CHILDREN, AFTER SCHOOL AND SUMMER CAMP ARE REFERRED TO AS "CHILDREN'S PROGRAMS" AT BANK STREET, AND ARE ADMINISTERED BY THE DEAN OF CHILDREN'S PROGRAMS. 9904700 0 650518 CONTINUING EDUCATION DIVISION "A GOOD LIFE IS A LEARNING LIFE," SAID LUCY SPRAGUE MITCHELL. THE DIVISION OF CONTINUING EDUCATION IS A LIVING EMBODIMENT OF THIS FOUNDING PRINCIPLE. WE BELIEVE LEARNING IS A LIFELONG ENDEAVOR THAT TRANSPIRES IN A MULTITUDE OF SETTINGS, INCLUDING CLASSROOMS, EARLY CHILDHOOD AND AFTER-SCHOOL PROGRAMS, COMMUNITY CENTERS, COMMUNITY COLLEGES, MUSEUMS, PARKS, PLAYGROUNDS, AND OTHER PLACES WHERE COMMUNITY PEOPLE GATHER. THROUGH SHORT-FORMAT COURSES AND WORKSHOPS, INSTITUTES, AND COMMUNITY OUTREACH, THE DIVISION OFFERS PROGRAMS THAT ARE DESIGNED TO INCREASE EDUCATIONAL OPPORTUNITIES FOR ALL STUDENTS, EDUCATORS, AND OTHER HELPING PROFESSIONALS, PARAPROFESSIONALS AND FAMILIES. THROUGH OUR VARIED PARTNERSHIPS AND COLLABORATIONS WITH SCHOOLS AND COMMUNITIES AS DIVERSE AS THE CITY ITSELF, WE WORK AT OUR HISTORICAL COMMITMENT TO BUILD A BETTER WORLD. 49523502 true true false true false false false false true true false false false true true true false true false false false false false true false false false true true false false false false false false false false false false false false false false false false false false true 361 0 true 983 true true true false false false false true true false false false false X 28 27 false false true false false false false true true false false true true true true true true true true false X X FRANK NUARA 2128754619 610 WEST 112TH STREET NEW YORK NY 10025 Anthony Asnes 1.0 X X 0 0 0 Suzanne Bratone Childs 1.0 X 0 0 0 Dr Bettye R Fletcher Comer 1.0 X 0 0 0 Gabriella De Ferrari 1.0 X 0 0 0 Catherine Doyle 1.0 X 0 0 0 Loren Eng 1.0 X 0 0 0 Yolanda C Ferrell-Brown 1.0 X 0 0 0 Felice Shapiro Friedman 1.0 X 0 0 0 Sarah Gund 1.0 X 0 0 0 Victoria Hamilton 1.0 X 0 0 0 Sue Kaplan 1.0 X X 0 0 0 Kenneth B Lerer 1.0 X 0 0 0 Adam H Litke 1.0 X 0 0 0 Christopher Mayer 1.0 X 0 0 0 Joel H Moser 1.0 X 0 0 0 Michael T Nettles 1.0 X 0 0 0 Dr Laura Parsons 1.0 X 0 0 0 Elizabeth S Pforzheimer 1.0 X X 0 0 0 Sandra Pinnavaia 1.0 X 0 0 0 Jennifer Russell 1.0 X 0 0 0 Margaret L Stevens 1.0 X X 0 0 0 Howard S Stein 1.0 X 0 0 0 Lynn G Straus 1.0 X X 0 0 0 Jeffrey I Sussman 1.0 X X 0 0 0 Norman R Walker 1.0 X 0 0 0 Kate R Whitney 1.0 X X 0 0 0 Debbie Zlotowitz 1.0 X 0 0 0 Barbara Dubitsky 1.0 X 0 0 0 John Finck 1.0 X 0 0 0 Elizabeth Gordon 1.0 X 0 0 0 Linda Lake 1.0 X 0 0 0 Judith Kalick-Russell 1.0 X 0 0 0 Elizabeth Dickey 40.0 X X 363295 0 43164 Alexis Wright 40.0 X 223333 0 36799 Jon Snyder 40.0 X 205213 0 36694 Frank Nuara 40.0 X 216514 0 25942 John Borden 40.0 X 203333 0 36195 Fern Khan 40.0 X 173584 0 22150 Virginia Casper 40.0 X 155142 0 24763 Barbara Coleman 40.0 X 193905 0 29805 Arlen Rauschkolb 40.0 X 158146 0 32406 Lesly Pierre 40.0 X 143658 0 30677 Rima Shore 40.0 X 137831 0 22975 Laura Guarino 40.0 X 132832 0 24375 2306786 0 365945 37 false true false FOUR STAR GENERAL CLEANING CORP 19 WEST 21ST STREET NEW YORK NY 10010 CLEANING 284939 GRANT THORNTON LLP 33570 TREASURY CENTER CHICAGO IL 606943500 ACCOUNTING 243898 JENZABAR INC PO BOX 845939 BOSTON MA 022845939 COMPUTER CONSULTING 138226 FABIANI COMPANY 1101 PENNSYLVANIA AVE NWSTE 700 WASHINGTON DC 20004 GOVERNMENT RELATIONS 116492 HLW INTERNATIONAL llp 115 FIFTH AVE NEW YORK NY 10003 ARCHITECTURE 111559 6 501430 10736213 2442737 13680380 TUITION AND FEES 611600 40436845 40436845 40436845 977575 977575 0 80917 80917 27431 27431 27431 27431 10314556 9686746 627810 627810 627810 268599 501430 254243 14356 14356 0 2204714 1333645 871069 764785 106284 INSURANCE RECOVERY 900099 12794 12794 OTHER INCOME 900099 553785 553785 566579 57282962 40436845 764785 2400952 0 6380379 6380379 0 0 1637949 1432222 161502 44225 0 25163637 22003084 2481135 679418 1460790 1277315 144034 39441 3689385 3225999 363773 99613 2163922 1892133 213363 58426 0 95060 83120 9373 2567 279897 244742 27598 7557 110000 96184 10846 2970 0 218368 190941 21531 5896 4131989 3613011 407414 111564 158553 138639 15633 4281 1497232 1309180 147627 40425 190270 166372 18761 5137 0 2756705 2410463 271811 74431 481892 421366 47515 13011 0 733042 640972 72278 19792 261319 228497 25766 7056 0 1628647 1424089 160585 43973 223740 195638 22061 6041 INDIRECT EXPENSES 865189 756521 85308 23360 MEMBERSHIP & OTHER FEES 119551 104535 11788 3228 BANK FEES 185863 162519 18326 5018 PAYROLL & PROCESSING FEES 132296 115680 13044 3572 OTHER EXPENSES 1154964 1009901 113878 31185 55720639 49523502 4864950 1332187 11580000 9530677 2216788 4472237 4237933 4920429 1306986 1103955 486888 388589 1379204 1614175 39843543 25134491 15226775 14709052 25165349 29562855 1253633 1177454 62853556 67479423 5244981 5667770 8580837 8673916 5694926 4935793 6538361 6819673 26059105 26097152 X 16583266 19773907 8254151 9515408 11957034 12092956 36794451 41382271 62853556 67479423 X 1562323 3025497 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 110000 110000 Schedule C, Part II-B The Bank Street College of Education has contracted with a consulting firm that undertakes certain lobbying activities related to the higher education industry. The company is Fabiani and Company and the College paid the organization $110,000 for the year ending June 30, 2011. In addition, The College is a member in various organizations that promote the needs of higher education as well as provide information to the industry (e.g. NACUBO). Several of these organizations allocate a portion of the annual dues to lobbying efforts and inform the College of the non-deductible portion of its dues in an annual letter. To date, the College has not received the required letters, and therefore, no dollar disclosure is included in Schedule C. Based on prior year amounts, the College is confident that the allocable portion of its dues allocated to lobbying activities is below $10,000. 12211043 135922 1893241 627689 13612517 11192837 197012 1072426 251232 12211043 12257718 742511 -1548431 125070 133891 11192837 0.05700 0.88700 0.05600 true false 767580 767580 17430887 14720591 2710296 10576644 4735133 5841511 6584758 3776804 2807954 4483674 1901963 2581711 14709052 0 POSTRETIREMENT HEALTH BENEFIT PLAN 5777672 CONDITIONAL ASSET RETIREMENT OBLIG 415104 REFUNDABLE GOVERNMENT LOAN PROGRAM 626897 6819673 57282962 55720639 1562323 3016412 9085 3025497 4587820 55515968 3016412 -5899283 -2882871 58398839 217768 -1333645 -1115877 57282962 50928148 1587888 1587888 49340260 6380379 6380379 55720639 ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 The College's endowment consists of a portfolio of actively managed funds established to provide both a source of operating funds as well as long-term financial stability. The endowment includes both donor restricted endowment funds and funds designated by the Board of Trustees to function as endowments or quasi endowments. Endowment funds may have purpose restrictions on use of the income. RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XII line 2d: tuition discounts & Scholarships $(6,380,379) Special event expense netted against special events revenue: 254,243 ADJUSTMENT OF POSTRETIREMENT HEALTH BENEFIT PLAN: 226,853 ----------- $(5,899,283) ============ line 4b: Costs of Goods Sold Reclassed from Expenses to Part VIII, Line 10(b): $1,333,645 RECONCILIATION OF EXPENSES FORM 990, SCHEDULE D, PART XIII Part XIII, Line 2d: Costs of Goods Sold Reclassed to Revenue on Part VIII, Line 10(b) $1,333,645 Special event expense netted against special events revenue: 254,243 ----------- $1,587,888 =========== Part XIII, Line 4d: tuition discounts & Scholarships $6,380,379 reconciliation of net assets FORM 990, SCHEDULE D, PART XI Line 8: ADJUSTMENT OF POSTRETIREMENT HEALTH BENEFIT PLAN: $226,853 investment expense: (217,768) --------- $ 9,085 ========= FIN 48 In July 2006, new guidance was issued governing "Accounting for Uncertainty in Income Taxes." ThIS standard clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This standard provides that the tax benefit from an uncertain tax position may be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained upon examination of the taxing authorities based solely on the technical merits of the tax position. The standard also provides guidance on measurement, classification, interest and penalties, and disclosure. The standard was effective for the College on July 1, 2008, and had no material impact on the accompanying financial statements. The College's tax years ended 2008, 2009, and 2010 are still open to audit for both federal and state purposes. The College has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. true true true true true true true false false false false false false false false true false true Schedule E, Part I Line 3: The College publicizes its non-discrimination policy in REGISTRATION MATERIALS, brochures and on its website. The College is committed to ensuring that it does not RACIALLY DISCRIMINATE AGAINST ANY individual. Line 6a: THE COLLEGE RECEIVES FEDERAL AND STATE EDUCATIONAL ASSISTANCE GRANTS SUCH AS PELL, BUNDY AND SIMILAR SOURCES. corp. dinner 494569 428329 66240 108711 92105 silent auction 259737 68418 191319 3500 1500 22242 1 15723 4683 11040 26185 0 0 770029 501430 268599 138396 1500 114347 254243 14356 true SCHOLARSHIPS 581 6380379 Schedule I, Part I, Line 1 The College provides scholarships to students matriculating at the College. All scholarships issued are applied directly against the student's tuition balance, therefore, the student can exercise no discretion in the use of the funds. Since all scholarships defray the cost of tuition, no further monitoring of the scholarships is required. X X true true X X X false false false false false false false false false Elizabeth Dickey 312500 0 0 0 50795 0 26187 0 16977 0 406459 0 0 0 Alexis Wright 203333 0 0 0 20000 0 15250 0 21549 0 260132 0 0 0 Jon Snyder 205213 0 0 0 0 0 15391 0 21303 0 241907 0 0 0 Frank Nuara 216514 0 0 0 0 0 16238 0 9704 0 242456 0 0 0 John Borden 203333 0 0 0 0 0 15250 0 20945 0 239528 0 0 0 Fern Khan 173584 0 0 0 0 0 13019 0 9131 0 195734 0 0 0 Virginia Casper 155142 0 0 0 0 0 10314 0 14449 0 179905 0 0 0 Barbara Coleman 193905 0 0 0 0 0 14542 0 15263 0 223710 0 0 0 Arlen Rauschkolb 158146 0 0 0 0 0 11861 0 20545 0 190552 0 0 0 Lesly Pierre 143658 0 0 0 0 0 10244 0 20433 0 174335 0 0 0 Rima Shore 137831 0 0 0 0 0 8491 0 14484 0 160806 0 0 0 Laura Guarino 132832 0 0 0 0 0 9962 0 14413 0 157207 0 0 0 Schedule J, part I line 1a - housing allowance The College provides an apartment allowance to the Dean of the Children's School, Alexis Wright. The apartment allowance is treated as a taxable fringe benefit and is included on Mr. Wright's Form W-2. For the year ending December 31, 2010, the allowance totaled $20,000. Line 1a - Health care dues the cost of the president's membership dues is included in the college's overall fringe benefit expenses. Governance Part VI, section a: governing body Line 4 - During the year, the following changes were made to the College's By-Laws: 1) delete from the charter the provision requiring that the successors to the board of trustees shall be chosen "by the members of the corporation", and substituting therefore a provision that "the corporation has no members and the powers and authority that could be exercised by members to choose successor trustees shall be exercised by the trustees; 2) to increase the maximum number of trustees on the board of trustees of the corporation to forty; and 3) To change the number of trustees required to fix the term of office and the number of trustees from three-quarters to two-thirds of all the members of the board of trustees. Part Vi, section B: policies Line 11 - The form 990 was prepared by the organization's Independent Accounting firm in conjunction with organization's Financial Department. The form 990 was provided to the audit committee for review and a copy was provided to the full Board of Trustees prior to its electronic filing with the Internal Revenue Service. Line 12 - Each officer, director, trustee and key employee of the College is required to annually disclose any conflicts of interest that arise by virtue of employment, board service, or position with the College. The College monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately. Line 15 - The College undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of its officers and key employees of the organization is reasonable given the market in which the College operates. The organization has established a Compensation Committee of independent persons that have no personal interest in the proposed compensation agreement. The compensation committee utilizes comparability and benchmarking surveys to ensure that the College compensates its executives commensurate with the market. The Compensation Committee will then set the compensation for the relevant executives and document the decision in the committee minutes. part vi, section c: disclosure Line 19 - The organization makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy will be available to the public upon request and at management's discretion. reconciliation of net assets Form 990, Part XI UNREALIZED GAIN: $3,016,412 ADJUSTMENT OF POSTRETIREMENT HEALTH BENEFIT PLAN: 226,853 Investment expense (217,768) ------------ $3,025,497 ============