2012-05-15T12:57:53-05:00 2011-06-30 WISS & COMPANY LLP 354 EISENHOWER PARKWAY LIVINGSTON NJ 07039 990 2010-07-01 223744812 THE WILLOW SCHOOL FKA THE GRETCHEN W JOHNSON ELEMENTARY SCHOOL INC WILL 9084709500 1150 POTTERSVILLE ROAD GLADSTONE NJ 07934 MARK BIEDRON 9084709500 2012-05-15 1 MATTHEW E BARBIERI 9739949400 2010 2016-02-24 21:20:13Z DAVID DONOVAN 127 MAIN STREET CHESTER NJ 07930 4847307 0 X WWW.WILLOWSCHOOL.ORG X 2001 NJ TO OPERATE A SCHOOL FOR THE EDUCATION, TRAINING AND SOCIALIZATION OF CHILDREN IN THE GRADES OF KINDERGARDEN THROUGH EIGHTH. THE WILLOW SCHOOL, A SMALL, INDEPENDENT CO-EDUCATIONAL DAY SCHOOL FOR STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE, IS COMMITTED TO COMBINING ACADEMIC EXCELLENCE AND THE JOY OF LEARNING AND EXPERIENCING THE WONDER OF THE NATURAL WORLD. MASTERY OF THE ENGLISH LANGUAGE IS AN ESSENTIAL ELEMENT IN AN INTEGRATED CURRICULUM THAT HELPS STUDENTS COMPREHEND THE PATTERNS OF HOW THINGS ARE CONNECTED AND PREPARES THEM FOR ALL AREAS OF THEIR SECONDARY EDUCATION. THE SCHOOL IS DEDICATED TO MAINTAINING AN ENVIRONMENT WHERE RESPECT FOR THE INDIVIDUAL, AN OUTSTANDING FACULTY, AND AN UNDERSTANDING OF PLACE FOSTER INDEPENDENT THINKING, CREATIVITY, RESPONSIBILITY, AND INTEGRITY. THE WILLOW SCHOOL EDUCATION ENABLES CHILDREN TO DEVELOP AN ETHICAL APPROACH TO ALL RELATIONSHIPS, TO REALIZE THEIR FULL POTENTIAL, AND TO BELIEVE IN THEIR POWER TO EFFECT POSITIVE CHANGE. 13 12 53 30 0 0 3422089 1969044 2254200 2586406 9553 8694 307904 206081 5993746 4770225 404723 391219 0 0 2395001 2488287 0 0 92760 1214116 1271862 4013840 4151368 1979906 618857 20463896 19771676 7530684 6148338 12933212 13623338 X THE WILLOW SCHOOL, A SMALL, INDEPENDENT CO-EDUCATIONAL DAY SCHOOL FOR STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE, IS COMMITTED TO COMBINING ACADEMIC EXCELLENCE AND THE JOY OF LEARNING AND TO EXPERIENCING THE WONDER OF THE NATURAL WORLD. MASTERY OF THE ENGLISH LANGUAGE IS AN ESSENTIAL ELEMENT IN AN INTEGRATED CURRICULUM THAT HELPS STUDENTS COMPREHEND THE PATTERNS OF HOW THINGS ARE CONNECTED AND PREPARES THEM FOR ALL AREAS OF THEIR SECONDARY EDUCATION. THE SCHOOL IS DEDICATED TO MAINTAINING AN ENVIRONMENT WHERE RESPECT FOR THE INDIVIDUAL, AN OUTSTANDING FACULTY, AND AN UNDERSTANDING OF PLACE FOSTER INDEPENDENT THINKING, CREATIVITY, RESPONSIBILITY, AND INTEGRITY. THE WILLOW SCHOOL EDUCATION ENABLES CHILDREN TO DEVELOP AN ETHICAL APPROACH TO ALL RELATIONSHIPS, TO REALIZE THEIR FULL POTENTIAL, AND TO BELIEVE IN THEIR POWER TO EFFECT POSITIVE CHANGE. 0 0 3408366 391219 2660756 THE WILLOW SCHOOL OFFERS AN INTEGRATED CURRICULUM WHICH ALLOWS STUDENTS TO LEARN MATERIAL IN GREAT DEPTH AS WELL AS TO SEE THE CONNECTIONS THAT NATURALLY EXIST AMONG SUBJECT AREAS. THE PRIMARY DEVICE FOR INTEGRATION OF THE CURRICULUM IS THE DEVELOPMENT OF COMMUNICATION SKILLS USING THE ENGLISH LANGUAGE. PARALLEL TO THAT USAGE IS THE STUDY OF FRENCH FROM KINDERGARTEN THROUGH FOURTH GRADE, AND A CHOICE OF SPANISH OR FRENCH FROM FIFTH THROUGH EIGHTH GRADES. WHILE THE DISCIPLINES OF MATHEMATICS AND SCIENCE, AND OF LANGUAGE AND SOCIAL STUDIES, ARE OFTEN CONNECTED AT THE WILLOW SCHOOL, IT IS ALSO IMPORTANT FOR CHILDREN TO LEARN, FOR INSTANCE, HOW SCIENTIFIC AND TECHNOLOGICAL ADVANCES HAVE SHAPED THE WAYS HUMANS RELATE TO EACH OTHER OR HOW THE USE OF MATHEMATICS DETERMINES THE DESIGN OF MUSIC AND ARCHITECTURE. ALL LEARNING IS SPIRAL, AS THE CHILD RETURNS TO SKILLS AND SUBJECT MATTER ONCE PRESENTED BUT NOW MORE COMPLEX AND CHALLENGING.THE SCHOOL EDUCATES 207 STUDENTS AND PROVIDES TUITION GRANTS FOR 30 STUDENTS. 3408366 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 12 1 1 53 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 NJ X LINDA RITTHALER 9084709500 1150 POTTERSVILLE ROAD GLADSTONE NJ 07934 DAVID DONOVAN 1.00 X X 0 0 0 M'LOU ARNETT 1.00 X X 0 0 0 JEAN SCOTT 1.00 X X 0 0 0 BRENDAN BINDER 1.00 X X 0 0 0 RSCOTT THOMPSON 1.00 X 0 0 0 ANTHONY SBLENDORIO 1.00 X 0 0 0 EUGENE KALKIN 1.00 X 0 0 0 DANIEL MCCARTHY 1.00 X 0 0 0 JEFFREY AMMEEN 1.00 X 0 0 0 GRETCHEN BIEDRON 1.00 X 0 0 0 ADAM FISCHER III 1.00 X 0 0 0 BRAD GANO 1.00 X 0 0 0 ANDREW RUBENSTEIN 1.00 X 0 0 0 KATE BURKE WALSH 40.00 X 172483 0 37399 172483 0 37399 1 0 1 0 NOURISH TO FLORISH PO BOX 181 PEAPACK NJ 07977 CATERER FOR LUNCH 134343 1 1969044 18363 1969044 SCHOOL PROG. TUITION 611600 2550073 2550073 AFTER SCHOOL CARE 611600 28015 28015 SUMMER CAMP 611600 8318 8318 2586406 8609 8609 32493 32493 32493 32493 10148 10063 85 85 85 198750 67019 131731 131731 MISCELLANEOUS 611600 41857 41857 41857 4770225 2660756 0 140425 391219 391219 209882 167906 41976 1782492 1436656 298043 47793 82137 64917 15098 2122 230406 182991 41572 5843 183370 149273 29895 4202 200 200 19749 19749 2440 2440 21767 2177 19590 34048 12566 21482 61369 52164 7978 1227 1606 1606 3239 3239 135794 115425 17653 2716 453717 385659 58983 9075 48729 41420 6335 974 REPAIRS & MAINTENANCE 187166 159091 24332 3743 LUNCH PROGRAM 105444 105444 GENERAL INSTRUCTION SUP 54127 54127 STUDENT ACTIVITIES 32567 32567 PROFESSIONAL DEVELOPMEN 32416 19916 12500 77484 34848 30011 12625 4151368 3408366 650242 92760 17461 14559 1139575 1452462 3060408 2232470 2769 9581 23891 23605 18528349 2916786 15836064 15611563 248909 319678 134819 107758 20463896 19771676 919481 368973 6400000 5539000 39000 172203 240365 7530684 6148338 X 8801530 8279773 3564972 4776855 566710 566710 12933212 13623338 20463896 19771676 X 618857 71269 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 259402 71331 330733 233921 25481 259402 622556 -74011 314624 233921 1.00000 0 0 1144899 1144899 17097813 2852437 14245376 112840 64349 48491 172797 172797 15611563 STUDENT DEPOSITS 240365 240365 4770225 4151368 618857 71269 71269 690126 4464797 71269 14522 85791 4379006 391219 391219 4770225 3774671 14522 14522 3760149 391219 391219 4151368 PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 391,219. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 391,219. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE WILLOW SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE BASED ON RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 STATE OF NEW JERSEY DEPARTMENT OF EDUCATION LENDS A SPECIFIC DOLLAR VALUE ANNUALLY TOWARDS TEXTBOOKS WHICH THE WILLOW STUDENTS BORROW FROM THE PUBLIC SCHOOL DISTRICT. THE WILLOW SCHOOL IS ALSO ENTITLED TO RECEIVE FUNDS FOR NURSING ANNUALLY AT AMOUNTS SPECIFIED ANNUALLY. ANNUAL FUND/ANNUAL GALA 198750 198750 67019 198750 198750 67019 67019 131731 1 TUITION ASSISTANCE 30 391219 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: CRITERIA FOR AWARDING FINANCIAL AID THE WILLOW SCHOOL ABIDES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS' PRINCIPLES OF GOOD PRACTICE FOR FINANCIAL AID ADMINISTRATION. IN ACCORDANCE WITH THESE PRACTICES, THE WILLOW SCHOOL AWARDS FINANCIAL AID GRANTS BASED UPON THE FINANCIAL NEED OF A FAMILY. THESE GRANTS ARE SUPPORTED BY THE SCHOOLS' BUDGET AND DEMONSTRATE THE SCHOOLS' COMMITMENT TO ENROLL A SOCIO-ECONOMICALLY DIVERSE STUDENT POPULATION. THE WILLOW SCHOOL USES TUITION AID DATA SERVICES (TADS) FOR TUITION ASSISTANCE TO DETERMINE A FAMILY'S ELIGIBILITY FOR FINANCIAL AID. COPIES OF A FAMILY'S CURRENT YEAR TAX FORMS ARE DUE ON APRIL 15TH FOR VERIFICATION. TADS REPORTS WILL PROVIDE THE WILLOW SCHOOL FINANCIAL AID COMMITTEE WITH CONFIDENTIAL, SECURE, AND DETAILED INFORMATION TO ENABLE US TO MAKE FAIR AND EQUITABLE DECISIONS ON FINANCIAL AID AWARDS. PARENTS ARE REQUIRED TO COMPLETE A PARENT'S FINANCIAL STATEMENT (PFS) ANNUALLY. IN ORDER TO RECEIVE PRIORITY CONSIDERATION, CURRENT FAMILIES MUST ADHERE TO AND COMPLETE THE ENTIRE FINANCIAL AID PROCEDURE BY THE STATED DEADLINES. FOR PARENTS WHO ARE SEPARATED, DIVORCED, OR HAVE NEVER BEEN MARRIED; THE WILLOW SCHOOL REQUIRES THAT A COMPLETE FINANCIAL AID APPLICATION BE SUBMITTED BY EACH PARENT (IRS 1040, PFS). FAILURE TO SUBMIT ALL FORMS WILL RESULT IN DELAYING THE REVIEW OF A STUDENTS APPLICATION AND WILL BE CONSIDERED INCOMPLETE. IT IS EXPECTED THAT PARENTS, GUARDIANS, DOMESTIC PARTNERS, AND/OR STEP-PARENTS OF WILLOW SCHOOL STUDENTS, PLAY AN APPROPRIATE ROLE IN FINANCING A STUDENTS EDUCATION. NOTE: IF YOU HAVE NOT COMPLETED YOUR TAX RETURNS, CHECK THE ESTIMATED BOX ON THE PFS. A COPY OF FINAL TAXES IS REQUIRED BEFORE AN AWARD IS OFFICIAL. NON-WORKING PARENTS THE WILLOW SCHOOL ASSUMES THAT ALL ADULT FAMILY MEMBERS WILL WORK TO CONTRIBUTE TO THE INVESTMENT OF A WILLOW SCHOOL EDUCATION. FAMILIES WITH PRE-SCHOOL AGED CHILDREN OR UNUSUAL SITUATIONS SHOULD MAKE THE FINANCIAL AID COMMITTEE AWARE OF THEIR CIRCUMSTANCES. IN EVALUATING THE AMOUNT OF AID NEEDED TO MEET TUITION COSTS, THE FINANCIAL AID COMMITTEE CONSIDERS THE FAMILYS OTHER CHILDREN (AGES AND THE SCHOOLS THEY ATTEND), ADDITIONAL DEPENDENTS, ALL SOURCES OF INCOME, PRIORITY OF SPENDING, DEBTS AND EXPENSES. RENEWAL IS BASED ON CONTINUED FINANCIAL NEED; TAX RETURNS MUST BE SUBMITTED EACH YEAR. ALL FINANCIAL AID AWARDS ARE CONTINGENT UPON PAYMENT IN FULL OF THE PRIOR YEARS ACCOUNT. COMPUTATION OF FAMILY CONTRIBUTION IN DETERMINING WHETHER OR NOT A FAMILY IS ELIGIBLE, A NUMBER OF FACTORS ARE CONSIDERED SUCH AS: FAMILY SIZE, PARENTS AGE, UNUSUAL EXPENSES, AND RETIREMENT PROVISIONS. IT SHOULD BE CLEARLY UNDERSTOOD THAT LIFESTYLE CHOICES THAT RESULT IN INCREASED EXPENSES OR DECREASED INCOME CANNOT BE UNDERWRITTEN BY THE FINANCIAL AID PROGRAM AT THE WILLOW SCHOOL. UPON RECEIVING THE RECOMMENDATION FROM TADS, WE RESERVE THE RIGHT TO ACCEPT THEIR RECOMMENDATION OR AMEND IT USING DOCUMENTATION THAT IS MORE EXTENSIVE DOCUMENTATION. APPEALS APPEALS TO THE FINANCIAL AID COMMITTEE MUST BE MADE PRIOR TO RETURNING THE SIGNED ENROLLMENT CONTRACT. ALL APPEALS MUST BE MADE IN WRITING WITH A FULL EXPLANATION OF ANY UNUSUAL CIRCUMSTANCES AND INFORMATION NOT ADDRESSED DURING THE INITIAL PROCESS. THE APPEAL WILL BE REVIEWED BY THE COMMITTEE AND THE DECISION WILL BE SUBMITTED TO THE FAMILY IN WRITING. IF A FAMILYS CIRCUMSTANCE CHANGES DRAMATICALLY AFTER ENROLLMENT CONTRACTS ARE SUBMITTED, PLEASE CONTACT THE BUSINESS OFFICE TO DISCUSS. CONFIDENTIALITY ALL FINANCIAL AID RECORDS AT THE WILLOW SCHOOL ARE KEPT STRICTLY CONFIDENTIAL. THESE RECORDS ARE REVIEWED BY THE DIRECTOR OF BUSINESS AND FINANCE, THE DIRECTOR OF ADMISSIONS AND THE HEAD OF SCHOOL TO DETERMINE ELIGIBILITY. ALL FINANCIAL AID AWARDS ARE HIGHLY CONFIDENTIAL BETWEEN THE FAMILY AND THE SCHOOL. THE MEMBERS OF THE FINANCIAL AID COMMITTEE CONSIDER FINANCIAL AID AWARDS CONFIDENTIAL AND FAMILIES ARE NOT TO DISCUSS FINANCIAL AID INFORMATION WITH ANY OTHER PARTY OTHER THAN A MEMBER OF THE FINANCIAL AID COMMITTEE. X X 0 0 0 0 0 0 0 0 0 KATE BURKE WALSH 172483 0 0 0 0 0 8624 0 28775 0 209882 0 0 0 CAPE BRANCH FOUNDATION FINANCE PURCHASE AND CONSTRUCTION OF SCHOOL BUILDINGS X 4000000 4000000 0 1 1 CAPE BRANCH FOUNDATION REFINANCE THIRD PARTY DEBT X 2400000 600000 0 1 1 THE ELM FOUNDATION FINANCE CONSTRUCTION X 939000 939000 0 1 1 5539000 FORM 990, PART VI, SECTION A, LINE 2 CAPE BRANCH FOUNDATION AND THE ELM FOUNDATION IS A FAMILY FOUNDATION CONNECTED TO THE FOUNDER OF THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 4 THEY BY-LAWS WERE CHANGED TO STATE THAT ONE OF THE FOUNDERS OF THE SCHOOL WILL ALWAYS BE A MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 RETURN IS REVIEWED BY KATE WALSH - HEAD OF SCHOOL AND MARK BIEDRON - DIRECTOR OF ADVANCEMENT REVIEW. THE 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS THEIR REVIEW AND APPROVAL. AFTER THE REVIEW, THE 990 IS SIGNED BY BRENDAN BINDER, TREASURER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MONITORS CONFLICTS BY REVIEWING ALL VENDORS FOR ANY DIRECT RELATIONSHIP THAT MAY GIVE RISE TO A CONFLICT TO ANY OF THE BOARD MEMBERS AND OR ANY OTHER INDIVIDUALS HAVING INFLUENCE OVER THE BOARD. INDIVIDUALS MUST DECLARE ANY POTENTIAL CONFLICT IN WRITING TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/ EXECUTIVE DIRECTOR: 1. WRITTEN EMPLOYMENT CONTRACT 2. COMPENSATION SURVEY OR STUDY FORM 990, PART VI, SECTION C, LINE 18 FORM 990, PART VI, SECTION C, LINE 19: THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE KEPT AT THE ORGANIZATION'S LOCATION AND CAN BE VIEWED BY ANY INQUIRING PARTY DURING NORMAL OFFICE HOURS. HARD COPIES ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC AFTER A REQUEST IS MADE IN WRITING. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 71,269. AUDIT RESPONSIBILITY FORM 990, PAGE 12, PART XII,LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. FOR FISCAL YEAR 2011, THE ORGANIZATION DID NOT CHANGE ITS SELECTION OF AN INDEPENDENT ACCOUNTANT. CAPE BRANCH FOUNDATION C/O DBF 5 INDEPENDENCE WAY PRINCETON NJ 08540 226054886 PRIVATE NON OPERATING FOUNDATION NJ 501 (C) (3) PF 0 THE ELM FOUNDATION P O BOX 327 OLDWICK NJ 08858 562583850 PRIVATE NON OPERATING FOUNDATION NJ 501 (C) (3) PF 0 SOLID WOOD CONSTRUCTION LLC PO BOX 327 OLDWICK NJ 08858 223550835 REAL ESTATE CONSTRUCTION NJ N/A 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 CAPE BRANCH FOUNDATION E 4600000 LOAN AGREEMENT THE ELM FOUNDATION E 939000 CASH