2011-05-11T20:18:31-05:00 2010-06-30 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2009-07-01 131623878 ALLEN-STEVENSON SCHOOL ALLE 2122886710 132 EAST 78TH STREET NEW YORK NY 10075 David R Trower 2122886710 2011-05-11 1 FREDERICK H ROTHMAN 2128674000 2009 2016-02-24 21:20:13Z David R Trower 132 EAST 78TH STREET NEW YORK NY 10075 22689860 0 X WWW.ALLEN-STEVENSON.org X 1904 NY TO PROVIDE CONTINUOUS EDUCATION FOR BOYS FROM KINDERGARTEN THROUGH 9TH GRADE 25 24 224 0 -6081 -6331 2909686 2829383 15575083 16214251 -59408 701347 80311 86554 18505672 19831535 1535795 1703388 0 12854093 13133582 0 801354 5731835 5738541 20121723 20575511 -1616051 -743976 62434882 61697561 29648410 28911501 32786472 32786060 TO PROVIDE CONTINUOUS EDUCATION FOR BOYS FROM KINDERGARTEN THROUGH 9TH GRADE 0 0 15666944 1703388 16214251 ALLEN-STEVENSON'S VIGOROUS, PRE-SECONDARY PROGRAM OF ACADEMICS, ATHLETICS AND THE ARTS TEACHES BOYS TO VALUE THE GRATIFYING PROCESS BY WHICH EXCELLENCE IS ATTAINED. BY CREATING A JOYFUL, SAFE ENVIRONMENT FOR LEARNING, THE SCHOOL SEEKS TO ENSURE A PRODUCTIVE, DIVERSE COMMUNITY OF LEARNERS. WE CHALLENGE OUR STUDENTS TO TAKE SUITABLE RISKS, LEARN FROM THEIR MISTAKES, AND SUPPORT EACH OTHER. ULTIMATELY, WE ENCOURAGE BOYS TO MOVE THROUGH LIFE STRONGLY AND RIGHTLY-WITH CONFIDENCE,KNOWLEDGE,ENTHUSIASM, RESILIENCE AND RESPECT FOR ALL. THE SCHOOL PROVIDES A CONTINUOUS EDUCATION PROGRAM FOR BOYS FROM KINDERGARTEN THROUGH 9TH GRADE. THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 400 STUDENTS IN FISCAL YEAR 2010. 15666944 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 23 0 1 224 1 1 1 0 0 0 0 1 1 0 0 0 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X HARRIS STEIN BUSINESS MANAGER CO ALLEN-STEVENSON SCHOOL 2126060889 132 EAST 78TH STREET NEW YORK NY 10075 David R TRower 50.00 X X 522427 0 42454 RONALD S ROLFE 5.00 X X 0 0 0 COLIN R KnUDSEN 3.00 X X 0 0 0 JEFFREY G BEERS 1.00 X X 0 0 0 DEAN i LANDIS 1.00 X X 0 0 0 paul leff 1.00 X 0 0 0 lEONARD A WILF 1.00 X 0 0 0 Alex gellert 1.00 X 0 0 0 Thoman A Lister 1.00 X 0 0 0 Susan de Menil 1.00 X 0 0 0 Suellyn Preston Scull 1.00 X 0 0 0 Simon Wasserberger 1.00 X 0 0 0 Peggy Bewkes 1.00 X 0 0 0 MOLLY O'NEIL FRANK 1.00 X 0 0 0 michael gould 1.00 X 0 0 0 lisa pagliaro selz 1.00 X 0 0 0 JOSEPH F WAYLAND 1.00 X 0 0 0 JOHN J HANNAN 1.00 X 0 0 0 pETER b kellner 1.00 X 0 0 0 Duane a nicholson 1.00 X 0 0 0 David H Koch 1.00 X 0 0 0 BEATRICE H MITCHELL 1.00 X 0 0 0 ASHOK NAYYAR 1.00 X 0 0 0 Amy L Robbins 1.00 X 0 0 0 Alix R O'Mara 1.00 X 0 0 0 John Pariseau 50.00 X 265831 0 40642 C Harris Stein 50.00 X 172563 0 39726 Mary Richter 50.00 X 151530 0 23192 Joseph Foresta 50.00 X 161605 0 23623 susan L etess 50.00 X 213775 0 24845 Neal Kamsler 50.00 X 160141 0 23226 1647872 0 217708 21 0 1 0 US Bank PO Box 86 Lockbox SvcSD5 Minneapolis MN 55486 Trust Finance Management 629600 Allied Irish Bank 405 Park Avenue New York NY 10022 SWAP & LOC PROVIDER FOR IDA BondS 358808 Ed Lowe's Exec-You-Van Riverdale Station PO Box 1015 Riverdale NY 10471 Bus Services 185715 R3 Electrical Inc 541 Port Richmond Avenue Staten Island NY 10302 electric contractors 165250 Kids in Sports POBox G Gracie Station NY 10028 developmental sports program 138703 5 243119 2586264 126886 2829383 TUITION 611710 14527659 14527659 AFTER SCHOOL PROGRAMS 611710 603309 603309 MUSIC LESSONS 611710 417755 417755 ADMISSION & OTHER FEES 611710 350854 350854 new york state mandate 611710 191123 191123 123551 123551 16214251 179661 179661 80110 10188 69922 69922 69922 3209602 2687916 521686 521686 521686 179550 243119 160221 19329 19329 Insurance Proceeds 900099 3384 3384 UBI FROM PARTNERSHIPS 525990 -6081 -6081 -2697 19831535 16214251 -6081 793982 1703388 1703388 1109652 649357 460295 9578703 7433793 1748135 396775 731121 562963 153535 14623 1016507 806813 181923 27771 697599 537151 146496 13952 43000 43000 80932 80932 46050 45608 442 160955 13392 131373 16190 945233 617799 240439 86995 499212 448490 42843 7879 226246 226246 92798 61804 26755 4239 717545 544076 146523 26946 1896203 1435997 389085 71121 98510 40246 56271 1993 STUDENT ACTIVITIES 664372 561702 102670 bad debt 127745 127745 miscellaneous 104750 23727 51265 29758 Membership Dues 34990 34990 20575511 15666944 4107213 801354 13109665 12975448 1503831 859903 335688 501025 229805 184936 47513831 13264014 35613188 34249817 3354347 5171330 7085874 6601244 1202484 1153858 62434882 61697561 1811107 1869017 5100497 4838629 22205000 21575000 256966 418107 274840 210748 29648410 28911501 X 30953166 31518908 1213464 647310 619842 619842 32786472 32786060 62434882 61697561 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 15503412 337666 1281452 41721 17080809 19770139 100119 -2662366 1704480 15503412 0.96000 0.04000 0 0 976530 976530 42947347 11387860 31559487 3428054 1876154 1551900 161900 161900 34249817 limited partnerships 6601244 F 6601244 SECURITY DEPOSITS PAYABLE 8650 insurance premium payable 85051 swap contract 117047 210748 19831535 20575511 -743976 661037 82527 743564 -412 18745541 661037 10188 671225 18074316 80932 1676287 1757219 19831535 18822399 10188 10188 18812211 80932 1682368 1763300 20575511 Part III, Line 4: In its library, the School exhibits an historical map dating back to 1755, which shows the 13 colonies and lands used as "land grants" by the revolutionary governments as a method of obtaining military services. The map is an educational tool of the school in providing a quality education to its students. Part X: Description of Uncertain Tax Positions Under FIN 48: Effective July 1, 2009, the School adopted the provision pertaining to uncertain tax positions and has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Part XI, Line 8 - Other Adjustments: cHANGE IN VALUE OF SWAP AGREEMENT: 76446. UBI ON PARTNERSHIPS: 6081. Part XII, Line 2d - Other Adjustments: RENTAL EXPENSES OFFSET AGAINST RENTAL INCOME: 10188. Part XII, Line 4b - Other Adjustments: financial aid: 1682368. UBI FROM PARTNERSHIPS: -6081. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES OFFSET AGAINST RENTAL INCOME: 10188. Part XIII, Line 4b - Other Adjustments: financial aid: 1682368. 1 1 1 Allen-Stevenson School is one of many schools who are listed in the Independent School Admissions Association of Greater New York advertisement that states non-discriminatory policy towards student acceptances. Additionally, listed on all marketing materials and on our website. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SPRING BENEFIT 360659 221909 138750 31798 41323 25341 13955 GOLF OUTING 62010 21210 40800 47542 262 0 422669 243119 179550 79340 41323 25341 14217 160221 19329 1 Financial Aid/ Scholarships 1682368 Tuition Assistance 21020 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The school grants financial aid scholarships to those families who cannot afford the full tuition. The process for determining the scholarship award is as follows: The Business Manager sets the budget for the total amount of scholarships to be awarded. The Treasurer's committee reviews the budgets prior to Board Approval. In October, the personal financial aid request forms are sent to the parents at their request,and the personal financial statement (PFS) forms are e-mailed to all the requesting families. Parents are requested to complete the forms and mail them back to the school and complete the on- line application for financial aid (SSSFA) together with their prior years financial information and an amount they can pay towards tuition. Based on the PFS forms submitted by the families, SSSFA will calculate the amount each family can afford to contribute towards tuition. SSSFA will then send these calculations to the school. In December, the Director of Admissions will review the documents provided by the families and SSSFA, and create a spreadsheet of potential scholarships to be granted to each student. This spreadsheet is then reviewed by the Financial Aid Committee consisting of the Head Master, Director of Admissions, and four board members. The Business Manager reviews the awards prior to the award letters going out to the families. Changes may occur if there seem to be inconsistencies in the financial data submitted. (as all applicants must submit their completed 1040 tax returns and business returns if applicable). Once approved by the committee, a letter of approval is mailed to the family that must be accepted by the parent. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 David R TRower 522427 0 0 0 0 0 22364 0 20090 0 564881 0 0 0 John Pariseau 265831 0 0 0 0 0 22364 0 18278 0 306473 0 0 0 C Harris Stein 172563 0 0 0 0 0 16164 0 23562 0 212289 0 0 0 Mary Richter 151530 0 0 0 0 0 13364 0 9828 0 174722 0 0 0 Joseph Foresta 161605 0 0 0 0 0 20758 0 2865 0 185228 0 0 0 susan L etess 213775 0 0 0 0 0 21697 0 3148 0 238620 0 0 0 Neal Kamsler 160141 0 0 0 0 0 14189 0 9037 0 183367 0 0 0 Part I, Line 1a as headmaster of allen-stevenson school, the school reimburses Mr. David Trower the cost of his dues for his club membership to the union club as per his contract. This is a taxable benefit. X 9 126886 Selling price 0 0 0 Method for Determining Number of Contributors: Part I, Column (b): THE NUMBER OF CONTRIBUTORS REPRESENTS THE NUMBER OF ITEMS RECEIVED. Form 990, Part VI, Section B, line 11 Management reviews the 990 to obtain an understanding of the reporting requirements and to ensure it is accurate and complete. Subsequently, a copy of the draft 990 is provided to the audit committee for their review. The audit committee will meet with management to discuss the 990 and resolve any questions that may arise. The draft 990 will then be distributed to the Board for review and approval. Upon request from the Board the 990 will be filed. The process occurs annually and was last undertaken during the 2009 fiscal year. Form 990, Part VI, Section B, line 12c Board members, officers, key employees and all other employees sign a conflict of interest policy statement annually which are reviewed by management and the Board of Trustees Audit Committee. If a conflict appears to exist; management and the Board of Trustees Audit Committee will meet with the individual to obtain all the facts. If a conflict is identified, the individual to whom it pertains must refrain from participating in the decision making concerning the matter that gave rise to the conflict. Additionally, an employee who recommends a vendor to the school must disclose to the business manager and the head of school whether he or she has a relationship with that vendor. If approved as appropriate, that vendor must provide the school with a minimum of three professional references. Additionally, there will be a bidding process where two additional outside independent vendors will be asked to bid on the job or service as well. Form 990, Part VI, Section B, line 15 The Business Manager obtains data from NAIS, NYC Guild Schools & NYSAIS that shows detail salary figures for various positions of 14 schools. The three School Groups are used for comparison of current salaries to Allen-Stevenson's key employees such as Head of School, Upper School Head, Middle School Head, Business Manager, Director of Admissions, Facilities Director & Director of Development. The Compensation Committee, made up of seven Board Members, reviews the Head's recommendaton of salary. The committee determines the Head Master's salary and comments on all the other salaries for fairness and appropriateness. THIS PROCESS WAS LAST COMPLETED FOR FISCAL YEAR 2010. Form 990, Part VI, Section C, line 19 The school makes its form 990 as well as the financial statements and faculty and staff handbooks available upon request. The financial statement is submitted to MSRB and is electronically posted as this is a covenant of the NYC IDA Bond Documents. Financials are required to be available to IDA bond purchasers and the letter of credit bank providing the bonds credit enhancement. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.The school makes its form 990 as well as the financial statements and faculty and staff handbooks available upon request. The financial statement is submitted to MSRB and is electronically posted as this is a covenant of the NYC IDA Bond Documents. Financials are required to be available to IDA bond purchasers and the letter of credit bank providing the bonds credit enhancement.