2011-02-03T13:47:51-06:00 2010-06-30 Lumsden & McCormick LLP 403 Main St Suite 430 Buffalo NY 14203 990 2009-07-01 160755808 NICHOLS SCHOOL OF BUFFALO NICH 7168758212 1250 AMHERST STREET BUFFALO NY 14216 RICHARD C BRYAN 7168758212 2011-02-02 1 James M Dunn Jr 7168563300 2009 2016-02-24 21:20:13Z RICHARD C BRYAN 1250 AMHERST STREET BUFFALO NY 14216 16307464 0 X NICHOLSSCHOOL.ORG X 1892 NY PRIVATE CO-ED SECONDARY SCHOOL SERVING GRADES 5-12 WITH A 2009-10 ENROLLMENT OF 586 STUDENTS. 24 24 230 100 0 0 4437483 2613040 10654348 10947045 -1195948 553949 884029 528961 14779912 14642995 1866195 1955907 0 8598829 8022227 0 801229 3592557 3837342 14057581 13815476 722331 827519 61516845 64191382 12902064 12577382 48614781 51614000 OUR AIM IS TO TRAIN MINDS, BODIES AND HEARTS FOR THE WORK OF LIFE AND TO CARRY INTO ALL WE DO THE HIGHEST IDEALS OF CHARACTER AND SERVICE. 0 0 5479890 10393809 EDUCATION/FACULTY - NICHOLS SCHOOL'S EXCELLENCE BEGINS WITH ITS FACULTY. WE SPEND THE MAJORITY OF THE SCHOOL'S RESOURCES TO ENSURE WE RECRUIT, HIRE AND RETAIN THE HIGHEST QUALIFIED FACULTY. WE ALSO BELIEVE IN ON-GOING TRAINING FOR OUR FACULTY BY INVESTING IN A WIDE VARIETY OF CONTINUING EDUCATION PROGRAMS. THIS ENHANCES THEIR TEACHING ABILITIES AND RENEWS THEIR COMMITMENT TO THEIR FIELD. THIS ESTABLISHED THE SCHOOL AS A LEADER IN QUALITY EDUCATION WHICH ATTRACTS THE BEST AND BRIGHTEST STUDENTS NOT ONLY IN THE WNY AREA, BUT FROM AROUND THE WORLD. WE HAVE SEVERAL INTERNATIONAL STUDENTS AND EXCHANGE PROGRAMS. 1955907 FINANCIAL AID - NICHOLS SCHOOL PROVIDES FINANCIAL AID TO 30% OF ITS STUDENTS. THIS ENSURES DIVERSITY WITHIN THE STUDENT BODY AND PROVIDES THE OPPORTUNITY OF A PRIVATE SCHOOL EDUCATION TO THOSE WHO OTHERWISE MAY NOT BE ABLE TO AFFORD IT. THROUGH THE STRATEGIC PLANNING PROCESS AND THE FUNDS AVAILABLE THROUGH OUR ENDOWMENT, WE HAVE BEEN ABLE TO SUSTAIN OUR ENROLLMENT WHILE MAINTAINING OUR GOAL FOR THE PERCENTAGE OF FINANCIAL AID DOLLARS AVAILABLE AND THE PERCENTAGE OF STUDENTS RECEIVING THOSE DOLLARS. THIS PROCESS IS CRITICAL TO MAINTAINING A DIVERSE STUDENT POPULATION INTO THE FUTURE. 437198 FACILITIES - THE CAMPUS CONSISTS OF SIX SEPARATE BUILDINGS LINKED BY TREE LINED SIDEWALKS ON 25 ACRES OF CITY PROPERTY. THIS INCLUDES A PERFORMING ARTS CENTER AND AN ICE RINK. IN JANUARY 2010, WE OPENED A NEW 24,000 SQUARE FOOT STATE OF THE ART SUSTAINABLE MATH & SCIENCE BUILDING. BY PROVIDING WELL MAINTAINED AND VARIED ACADEMIC, ARTS AND ATHLETIC FACILITIES, IT DEMONSTRATES THE SUPPORT AND COMMITMENT TO THE FACULTY, COACHES AND STUDENTS. 986286 912834 OTHER PROGRAM SERVICES INCLUDE STUDENT SERVICES, ATHLETICS, AND ACADEMIC EXPENSES AS DETAILED ON FORM 990, PART IX. 986286 912834 8859281 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 30 0 230 1 0 0 0 0 0 1 1 0 0 0 0 0 0 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X DANIEL DOLAN 7168758212 1250 amherst street buffalo NY 14216 ROBERT L BATTEL 2.00 X 0 0 0 LISE J BUYER 2.00 X 0 0 0 RAMEY GRIFFIN CAULKINS 2.00 X 0 0 0 JEFFREY S MEYER 2.00 X 0 0 0 TOM DONAHOE 2.00 X X 0 0 0 CORNELIA DOPKINS 2.00 X 0 0 0 JAMES S ENNIS 2.00 X 0 0 0 JOHN FARMELO 2.00 X 0 0 0 JENNIFER MCNAMARA 2.00 X 0 0 0 DR ROBERT J GENCO 2.00 X 0 0 0 DR LIVELEEN GILL 2.00 X 0 0 0 WILLIAM G GISEL JR 2.00 X X 0 0 0 CLAY W HAMLIN III 2.00 X 0 0 0 JANE COX HETTRICK 2.00 X X 0 0 0 DR CAROL JACKSON-GIBSON 2.00 X 0 0 0 JEREMY M JACOBS JR 2.00 X X 0 0 0 EDWIN M JOHNSTON 2.00 X 0 0 0 LARRY A MONTANI 2.00 X 0 0 0 JAMES D NEWMAN 2.00 X 0 0 0 FREDERICK G PIERCE II 2.00 X X 0 0 0 ALEXANDRA MONTANTE 2.00 X 0 0 0 JON M WILLIAMS 2.00 X 0 0 0 SASHA YERKOVICH 2.00 X 0 0 0 DR VALERIE ZINGAPAN 2.00 X 0 0 0 RICHARD C BRYAN 50.00 X X X 227410 0 16625 DANIEL DOLAN 50.00 X 91900 0 23860 ELIZABETH GURNEY 50.00 X 127760 0 28000 JOHN MUNRO 50.00 X 114400 0 40190 561470 0 108675 3 0 1 0 R&P OAK HILL DEVELOPMENT LLC 3556 LAKESHORE RD STE 620 HAMBURG NY 14075 BUILDING CONTRACTOR 5335914 FINGER LAKES TECHNOLOGY GROUP PO BOX 200841 PITTSBURGH PA 15251 COMPUTER NETWORK CONTRACTOR 372743 RAYMOND E KELLEY INC 33 MAIN ST BOWMANSVILLE NY 14206 BUILDING CONTRACTOR 358187 JOS A SANDERS & SONS INC PO BOX 814 BUFFALO NY 14240 BUILDING CONTRACTOR 321872 KIRST CONSTRUCTION INC 7170 BOSTON STATE RD BOSTON NY 14110 BUILDING CONTRACTOR 140652 7 2613040 523367 2613040 TUITION FEES 900099 10393809 10393809 FEES FROM GOVNT AGENCI 900099 230963 230963 SERVICE CHG/STUDENT in 900099 142235 142235 STUDENT SERVICES & PUB 611710 106628 106628 SUMMER PROGRAMS 900099 71640 71640 1770 1770 10947045 748271 748271 597812 341062 256750 256750 256750 808164 828709 173777 -20545 -173777 -194322 -194322 228699 61101 167598 167598 279214 259820 19394 19394 FOOD SERVICES 900099 61985 61985 INCOME FROM DONATED IN 900099 1765 1765 21469 21469 85219 14642995 11306643 0 723312 1955907 1955907 374772 374772 6269850 4572043 1309676 388131 291027 213310 59609 18108 572819 338879 205172 28768 513759 355658 127908 30193 6860 6860 22620 22620 50000 50000 37292 37292 60699 60699 298383 116606 176315 5462 95251 95251 672612 437198 201783 33631 131847 115553 16294 155881 125236 23290 7355 264478 264478 997100 997100 71783 46674 25109 STUDENT SERVICES 307885 307885 CAMPAIGN EXPENSES 174229 174229 ATHLETICS 154839 154839 DEVELOPMENT & PUBLICATI 115352 115352 PROFESSIONAL FEES AND D 100738 100738 119493 119493 13815476 8859281 4154966 801229 8541772 6624416 8366316 6428452 32304 11664 100587 87891 277080 311607 36715544 10423298 22034765 26292246 10803912 12203282 7263967 7696118 4096142 4535706 61516845 64191382 2799810 1210631 3890421 3871406 5600841 7063110 610992 432235 12902064 12577382 X 24856100 29311910 7116551 4966979 16642130 17335111 48614781 51614000 61516845 64191382 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 105072 X X 0 17756990 782423 2355468 520503 369732 105246 19899400 20027139 1443727 -2561593 587300 432550 132433 17756990 0.27000 0.69000 0.04000 0 0 3148697 3148697 29541180 7449917 22091263 3690554 2752180 938374 335113 221201 113912 26292246 MONEY MARKET FUNDS 611006 F POOLED INVESTMENT FUNDS 7085112 F 7696118 CASH SURRENDER VALUE OF DONATED LIFE INSURANCE 22190 RECEIVABLE FROM CHARITABLE REMAINDER TRUST 4513516 4535706 ACCRUED POST RETIREMENT OBLIGATION 409100 AGENCY FUNDS 23135 432235 14642995 13815476 827519 1613631 558069 2171700 2999219 15470771 1613631 -1447838 165793 15304978 -661983 -661983 14642995 12471552 661983 661983 11809569 50000 1955907 2005907 13815476 Part III, Line 4: Part III, line 4: ART WORK IS DISPLAYED THROUGHOUT THE SCHOOL TO ENHANCE THE ARTS AS PART OF THE OVERALL SCHOOL CURRICULUM. Part V, Line 4: Description of Intended Use of Endowment Funds: Part V, line 4: ENDOWMENT FUNDS ARE USED MAINLY TO PROVIDE FINANCIAL AID TO STUDENTS AND SUPPORT PROGRAMS OF THE SCHOOL, OR AS STIPULATED BY DONORS. Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST: 437799. GAIN ON INTEREST RATE SWAP: 120270. Part XII, Line 2d - Other Adjustments: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST: 437799. gAIN ON INTEREST RATE SWAP: 120270. FINANCIAL AID: -1955907. INVESTMENT MANAGMENT FEES: -50000. Part XII, Line 4b - Other Adjustments: CAMPUS STORE COST OF GOODS SOLD: -259820. FUNDRAISING EXPENSES: -61101. RENTAL EXPENSES: -341062. Part XIII, Line 2d - Other Adjustments: CAMPUS STORE COST OF GOODS SOLD: 259820. FUNDRAISING EXPENSES: 61101. RENTAL EXPENSES: 341062. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID: 1955907. 1 1 1 OUR POLICY IS INCLUDED IN ALL PRINT ADS & MATERIALS, INCLUDING ALL ADMISSION BROCHURES & MATERIALS. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE SCHOOL RECEIVED NYS MANDATED SERVICES FUNDS AND TITLE FUNDS ADMINISTERED THROUGH THE BUFFALO PUBLIC SCHOOLS. THE FUNDS ARE SUBJECT TO VARIOUS COMPLIANCE AND FINANCIAL AUDITS BY THE FUNDING SOURCE. 1 DINNER/AUCTION 191559 191559 50115 DINNER/AUCTION 29830 29830 6920 1 7310 7310 4066 228699 228699 61101 61101 167598 1 FINANCIAL AID FOR STUDENTS 173 1955907 Other Information: Part IV: THE DISTRIBUTION OF FINANCIAL AID IS MONITORED BY THE FINANCIAL AID COMMITEE, COMPRISED OF SEVERAL INDIVIDUALS INCLUDING THE HEADMASTER, CFO, AND DIRECTOR OF ADMISSIONS. ALL FAMILIES THAT ARE APPLYING FOR FINANCIAL AID MUST COMPLETE THE "SCHOOL AND STUDENT SERVICE" (SSS) FORMS TO VALIDATE NEED BASED AID. THE COMMITTEE REVIEWS ALL SSS FORMS AND GRANTS AWARDS BASED UPON NEED AND AVAILABILITY OF FUNDS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 RICHARD C BRYAN 193810 0 0 0 33600 0 10970 0 5655 0 244035 0 0 0 ELIZABETH GURNEY 116300 0 0 0 11460 0 7490 0 20510 0 155760 0 0 0 JOHN MUNRO 109640 0 0 0 4760 0 6915 0 33275 0 154590 0 0 0 Part I, Line 1a THE HEADMASTER IS PROVIDED WITH A HOUSING ALLOWANCE THAT IS INCLUDED AS PART OF HIS COMPENSATION. THIS ALLOWANCE IS PROVIDED AS IT IS EXPECTED THAT HE ENTERTAINS VARIOUS INDIVIDUALS (I.E. BOARD MEMBERS/DONORS) IN HIS HOME AS PART OF HIS DUTIES AS HEADMASTER. X 37 523367 FMV 0 0 1 1 Method for Determining Number of Contributors: Part I, Column (b): WE ARE REPORTING THE NUMBER OF STOCK GIFTS RECEIVED. Third Party Use: Part I, Line 32b: IT IS THE SCHOOL'S POLICY TO SELL ALL STOCK GIFTS WHEN RECEIVED. THE STOCKS ARE SOLD THROUGH AN UNRELATED BROKER. Form 990, Part VI, Section B, line 11 THE 990 IS PREPARED BY THE CONTROLLER AND THEN REVIEWED BY THE CFO, HEADMASTER AND THE INDEPENDENT OUTSIDE AUDITORS. IT IS THEN GIVEN TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THIS PROCESS MAY OCCUR BEFORE OR AFTER THE 990 FILING DEPENDENT UPON THE TIMING OF THE BOARD MEETING. Form 990, Part VI, Section B, line 12c THE BOARD OF TRUSTEES SIGN A WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY. FOR EMPLOYEES, THERE IS A CONFLICT OF INTEREST POLICY IN THE EMPLOYEE HANDBOOK. THE EMPLOYEE HANDBOOK IS MAINTAINED ON THE SCHOOL'S COMPUTER NETWORK, WHICH IS ACCESSIBLE BY ALL EMPLOYEES. Form 990, Part VI, Section B, line 15 SALARIES OF THE TOP MANAGEMENT OF THE SCHOOL ARE VALIDATED BY SEVERAL EXTERNAL SOURCES AND APPROVED BY THE APPROPRIATE COMMITTEE OF THE BOARD. Form 990, Part VI, Section C, line 19 THE STATED DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND MAY BE REVIEWED AT THE SCHOOL. FORM 990, PART XI, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.