GULLIVER PREPARATORY SCHOOL INC: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization: GULLIVER PREPARATORY SCHOOL INC (EIN 65-0900712)
Tax period: 2009-07-01 to 2010-06-30
Filed: 2011-01-27
IRS object ID: 201130279349300403
Schema version: 2009v1.7
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule I
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-01-27T08:39:59-06:00	Timestamp
Tax Period End Date	2010-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VERDEJA & DE ARMAS LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	255 ALHAMBRA CIR STE 424	AddressLine1
City	CORAL GABLES	City
State	FL	State
ZIP Code	331345108	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2009-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	650900712	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	GULLIVER SCHOOLS INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	GULL	NameControl
Phone	3056666333	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1500 SAN REMO AVENUE	AddressLine1
Address Line2	ROOM/SUITE 400	AddressLine2
City	MIAMI	City
State	FL	State
ZIP Code	33146	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JOSE FUENTE	Name
Title	CHIEF FINANCIAL OFFICER	Title
Phone	3056666333	Phone
Date Signed	2011-01-27	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	OCTAVIO A VERDEJA	Name
Phone	3054463177	Phone
Date Prepared	2011-01-27	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2009	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	JOSE FUENTE	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1500 SAN REMO AVENUE SUITE 400	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33146	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	55739928	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.GULLIVERSCHOOLS.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1999	YearFormation
State Legal Domicile	FL	StateLegalDomicile
Activity Or Mission Description	TO EDUCATE THE WHOLE CHILD BY ENSURING AN OUTSTANDING DYNAMIC LEARNING ENVIRONMENT WHICH RECOGNIZES AND NURTURES THE UNIQUE TALENTS AND GIFTS OF EACH STUDENT.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	587	TotalNbrEmployees
Total Nbr Volunteers	10	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	1737883	ContributionsGrantsPriorYear
Contributions Grants Current Year	2197387	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	50020775	ProgramServiceRevenuePriorYear
Program Service Revenue CY	52167752	ProgramServiceRevenueCY
Investment Income Prior Year	301951	InvestmentIncomePriorYear
Investment Income Current Year	95321	InvestmentIncomeCurrentYear
Other Revenue Prior Year	267041	OtherRevenuePriorYear
Other Revenue Current Year	262856	OtherRevenueCurrentYear
Total Revenue Prior Year	52327650	TotalRevenuePriorYear
Total Revenue Current Year	54723316	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	4294223	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	4928981	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	26330864	SalariesEtcPriorYear
Salaries Etc Current Year	27310686	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	643086	TotalFundrsngExpCurrentYear
Other Expense Prior Year	17327584	OtherExpensePriorYear
Other Expenses Current Year	18523113	OtherExpensesCurrentYear
Total Expenses Prior Year	47952671	TotalExpensesPriorYear
Total Expenses Current Year	50762780	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	4374979	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	3960536	RevenuesLessExpensesCY
Total Assets BOY	72491512	TotalAssetsBOY
Total Assets EOY	75265695	TotalAssetsEOY
Total Liabilities BOY	49695432	TotalLiabilitiesBOY
Total Liabilities EOY	49385158	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	22796080	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	25880537	NetAssetsOrFundBalancesEOY
Mission Description	TO EDUCATE THE WHOLE CHILD BY ENSURING AN OUTSTANDING DYNAMIC LEARNING ENVIRONMENT WHICH RECOGNIZES AND NURTURES THE UNIQUE TALENTS AND GIFTS OF EACH STUDENT.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	42829925	Expense
Grants	4928981	Grants
Description	SUCCESSFULLY OPERATED A PRIVATE SCHOOL WHICH PROVIDES EDUCATIONAL SERVICES TO STUDENTS FROM PRIMARY THROUGH TWELFTH GRADE FOR AN ENTIRE SCHOOL YEAR.	Description
Total Program Service Expense	42829925	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Balance Sheet Amounts Reported	true	BalanceSheetAmountsReported
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	true	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	99	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	587	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Filed Lieu1041	false	FiledLieu1041
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	true	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	FL	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	GULLIVER SCHOOLS INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	3056666333	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1500 SAN REMO AVE STE 400	AddressLine1
City	CORAL GABLES	City
State	FL	State
ZIP Code	33146	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (9 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Highest Compensated EmployeeHighestCompensatedEmployee
JEFFREY BARTEL
CHAIRMAN	1.00	X	0	0	0
EMILIO NUNEZ
TRUSTEE	1.00	X	0	0	0
BILL KERDYK
TRUSTEE	1.00	X	0	0	0
ABIGAIL WATTS-FITZGERALD
SECRETARY	1.00	X	0	0	0
LIBBY WITHERSPOON
TREASURER	1.00	X	0	0	0
SARAH NESBITT ARTECONA
TRUSTEE	1.00	X	0	0	0
BARRY S GOULD
TRUSTEE	1.00	X	0	0	0
CRAIG HOWARD
ASST. HEAD	40.00		117126	0	0	X
CHARLES BALES
ASSOC. HEAD.	40.00		109567	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	226693	TotalReportableCompFromOrg
Number Individuals GT100 K	2	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
OLA CONSTRUCTION GROUP
13097 SW 133RD CT	MIAMI	FL	33186	CONTRACTOR	2954310
SCHOOL MANAGEMENT SYSTEMS
1500 SAN REMO AVE 400	MIAMI	FL	33146	MANAGEMENT COM.	2341608
PCI DEVELOPMENT GROUP
16445 SW 74 CT	MIAMI	FL	33157	CONTRACTOR	1513878
EURO AMERICAN PROGRAMS
445 HOWELL AVE	BROOKSVILLE	FL	34601	TRAVEL/TOUR AGE	556342
VOLKER STENKEWITZ CORP
16540 SW 97TH ST	MIAMI	FL	33196	ELECTRICIAN	332291

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	10	NumberOfContractorsGT100K
All Other Contributions	2197387	AllOtherContributions
Total Contributions	2197387	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION REVENUES	44584888	44584888
SCHOOL FEES	5028753	5028753
SUMMER SCHOOL/CAMP	2350882	2350882
OTHER REVENUES	203229	203229

Field	Value	IRS element (for citing)
Total Program Service Revenue	52167752	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	95321	TotalRevenueColumn
Exclusion	$95,321	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	1279468	GrossSalesOfInventory
Cost Of Goods Sold	1016612	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	262856	TotalRevenueColumn
Exclusion	$262,856	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	54723316	TotalRevenueColumn
Related Or Exempt Function Income	52167752	RelatedOrExemptFunctionIncome
Exclusion	$358,177	ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	4928981	Total
Program Services	4928981	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	22314164	Total
Program Services	20889501	ProgramServices
Management And General	1090399	ManagementAndGeneral
Fundraising	334264	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	302001	Total
Program Services	294039	ProgramServices
Management And General	7903	ManagementAndGeneral
Fundraising	59	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	3128747	Total
Program Services	2689962	ProgramServices
Management And General	419739	ManagementAndGeneral
Fundraising	19046	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1565774	Total
Program Services	1480557	ProgramServices
Management And General	72813	ManagementAndGeneral
Fundraising	12404	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	2416960	Total
Management And General	2416960	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	210330	Total
Program Services	17397	ProgramServices
Management And General	192933	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	37700	Total
Management And General	37700	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	665657	Total
Program Services	513271	ProgramServices
Management And General	123272	ManagementAndGeneral
Fundraising	29114	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	107166	Total
Program Services	88406	ProgramServices
Management And General	15359	ManagementAndGeneral
Fundraising	3401	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	528515	Total
Program Services	228827	ProgramServices
Management And General	183496	ManagementAndGeneral
Fundraising	116192	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	131025	Total
Program Services	104206	ProgramServices
Management And General	22178	ManagementAndGeneral
Fundraising	4641	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	60536	Total
Program Services	53046	ProgramServices
Management And General	5831	ManagementAndGeneral
Fundraising	1659	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	98807	Total
Program Services	18979	ProgramServices
Management And General	79828	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	2866840	Total
Program Services	2866840	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	1080960	Total
Program Services	1080960	ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	FundraisingFundraising	Management And GeneralManagementAndGeneral
MISCELLANEOUS EXPENSES	2643842	2655644	-11802
EDUCATION	1842925	1838945	3980
LOSS ON DERIVATIVE FIN.	1211624			1211624
REPAIRS & MAINTENANCE	1099570	131487	2090	965993
UTILITIES	840424	723386	116192	846

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	2680232	Total
Program Services	2225491	ProgramServices
Management And General	442895	ManagementAndGeneral
Fundraising	11846	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	50762780	Total
Program Services	42829925	ProgramServices
Management And General	7289769	ManagementAndGeneral
Fundraising	643086	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	29028422	BOY
EOY	25860928	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	907397	BOY
EOY	1939564	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1892	BOY
EOY	14466	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	727326	BOY
EOY	95367	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	467106	BOY
EOY	499945	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	56483205	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	14291675	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	36546591	BOY
EOY	42191530	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	4812778	BOY
EOY	4663895	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	72491512	BOY
EOY	75265695	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	2875356	BOY
EOY	1705354	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	15278720	BOY
EOY	15827069	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	27100000	BOY
EOY	26500000	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	4441356	BOY
EOY	5352735	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	49695432	BOY
EOY	49385158	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	20647432	BOY
EOY	22761254	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1290186	BOY
EOY	2216263	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	858462	BOY
EOY	903020	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	22796080	BOY
EOY	25880537	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	72491512	BOY
EOY	75265695	EOY

Field	Value	IRS element (for citing)
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	858462	BeginningOfYearBalance
Contributions	4035104	Contributions
Investment Earnings Or Losses	-110946	InvestmentEarningsOrLosses
End Of Year Balance	4782620	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	825082	BeginningOfYearBalance
Contributions	26506	Contributions
Investment Earnings Or Losses	6874	InvestmentEarningsOrLosses
End Of Year Balance	858462	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.81310	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.18690	PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	12224204	OtherCostOrOtherBasis
Book Value	12224204	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	22168935	OtherCostOrOtherBasis
Depreciation	3577981	Depreciation
Book Value	18590954	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	10275840	OtherCostOrOtherBasis
Depreciation	3173354	Depreciation
Book Value	7102486	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5020351	OtherCostOrOtherBasis
Depreciation	2838128	Depreciation
Book Value	2182223	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	6793875	OtherCostOrOtherBasis
Depreciation	4702212	Depreciation
Book Value	2091663	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	42191530	TotalOfBookValueLandBuildings

Other Assets OtherAssets (5 entries)

DescriptionDescription	Book ValueBookValue
GOODWILL, NET	3964907
DEFERRED DEBT COSTS, NET	378083
DUE FROM SMSI	158430
MISCELLANEOUS RECEIVABLES	131518
SECURITY DEPOSIT LEASE	30957

Field	Value	IRS element (for citing)
Total Book Value Other Assets	4663895	TotalBookValueOtherAssets
Total Revenue	54723316	TotalRevenue
Total Expenses	50762780	TotalExpenses
Excess Or Deficit For Year	3960536	ExcessOrDeficitForYear
Net Unrealized GL On Investments	35300	NetUnrealizedGLOnInvestments
Other	-$911,379	OtherAmount
Total Adjustments	-876079	TotalAdjustments
Excess Or Deficit Per FS	3084457	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	48918256	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	35300	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	35300	RevenueNotRptdF990
Revenue Subtotal	48882956	RevenueSubtotal
Other Revenues Not Included	5840360	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	5840360	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	54723316	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	45833799	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	45833799	ExpensesSubtotal
Other Expenses Not Included	4928981	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	4928981	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	50762780	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	SPECIFIC ASSISTANCE TO INDIVIDUALS-REVENUE -4,928,981 UNREALIZED LOSS ON DERIVATIVE FINANCIAL INSTRUMENTS -911,379 SPECIFIC ASSISTANCE TO INDIVIDUALS-EXPENSES 4,928,981
REVENUE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 4B	SPECIFIC ASSISTANCE TO INDIVIDUALS-REVENUE 4,928,981 UNREALIZED LOSS ON DERIVATIVE FINANCIAL INSTRUMENTS 911,379
EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 4B	SPECIFIC ASSISTANCE TO INDIVIDUALS-EXPENSES 4,928,981

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Pub Via Broadcast Media Expln	THE NON-DISCRIMINATORY STATEMENT IS INCLUDED IN THE ADMISSIONS PACKET. IT IS STATED ON THE APPLICATION DIRECTLY BELOW WHERE PARENTS SIGN AND IT IS ALSO STATED IN VARIOUS PARTS OF THE ADMISSIONS PACKET.	PubViaBroadcastMediaExpln
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	false	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	false	RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)

Type Of GrantTypeOfGrant	Amount Of Cash GrantAmountOfCashGrant	Method Of ValuationMethodOfValuation
DISCOUNT FAMILY	2847913	BOOK
FINANCIAL AID	2081068	BOOK

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Field	Value	IRS element (for citing)
Name Person	JAIME PROSPER	NamePerson

Field	Value	IRS element (for citing)
Relationship	SR. MANAGEMENT	Relationship
Amount Of Transaction	1513878	AmountOfTransaction
Description Of Transaction	CONSTRUCTION	DescriptionOfTransaction
Sharing Of Revenues	false	SharingOfRevenues

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
MANAGEMENT DELEGATED	FORM 990, PAGE 6, PART VI, LINE 3	GULLIVER SCHOOLS, INC. HAS AN AGREEMENT WITH SCHOOLS MANAGEMENT, INC. ("SMSI") TO PROVIDE, ACCOUNTING, LEGAL, HUMAN RESOURCE AND OTHER MANAGEMENT SERVICES. SMSI HAS UNDER ITS EMPLOYMENT THE KEY MANAGEMENT PERSONNEL OF THE SCHOOL. THE SCHOOLS RENEWS THE MANAGEMENT CONTRACT WITH SMSI ON A BIANNUAL BASIS.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11	THE CFO AND EXECUTIVE DIRECTOR WILL EXAMINE THIS RETURN, INCLUDING ACCOMPANYING SCHEDULES AND STATEMENTS PRIOR TO FILING THE RETURN.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	THE TRUSTEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AND ARE REQUIRED TO SIGN A STATEMENT TO THAT AFFECT EACH YEAR.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	OFFICERS AND TOP OFFICIALS ARE NOT COMPENSATED; HOWEVER, THE BOARD OF DIRECTORS REGULARLY REVIEWS THE COMPENSATION & PERFORMANCE OF THE MANAGEMENT COMPANY.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	OFFICERS AND TOP OFFICIALS ARE NOT COMPENSATED; HOWEVER, THE BOARD OF DIRECTORS REGULARLY REVIEWS THE COMPENSATION & PERFORMANCE OF THE MANAGEMENT COMPANY.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	IT IS AVAILABLE UPON REQUEST.