2011-05-16T20:52:33-05:00 2010-06-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174011 990 2009-07-01 135562167 Bank Street College of Education BANK 2128754621 610 West 112th Street New York NY 100251120 FRANK NUARA 2011-05-16 2125990100 2009 2016-02-24 21:20:13Z ELIZABETH DICKEY 610 WEST 112TH STREET NEW YORK NY 10025 80021970 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. 29 28 1005 0 945169 -35444 12171599 12067763 35893075 39102733 588882 1352313 188241 1435952 48841797 53958761 5959817 6461313 0 0 32609575 31211566 0 0 1345716 10036798 12947209 48606190 50620088 235607 3338673 57496077 62853556 25601495 26059105 31894582 36794451 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 LUCY SPRAGUE MITCHELL'S MISSION TO "KEEP ONE EVER A LEARNER." false false 18246071 6461313 18946587 BANK STREET COLLEGE GRADUATE SCHOOL OF EDUCATION IN NEW YORK CITY is A SPECIAL PLACE DEDICATED TO PREPARING INDIVIDUALS TO BECOME 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, AND MIDDLE SCHOOL EDUCATION, 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. 17643113 0 19452182 CHILDREN'S PROGRAM - BANK STREET HAS BEEN SERVING CHILDREN FOR NEARLY ALL OF ITS HISTORY. 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. 9047750 0 703964 CONTINUING EDUCATION DIVISION "A GOOD LIFE IS A LEARNING LIFE," SAID LUCY SPRAGUE MITCHELL, BANK STREET'S FOUNDER. THE DIVISION OF CONTINUING EDUCATION IS A LIVING EMBODIMENT OF THIS FOUNDING PRINCIPLE. WE BELIEVE LEARNING IS A LIFELONG ENDEAVOR THAT TRANSPIRES IN A MULTITUTE 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. 44936934 true true false true false 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 true 166 0 true 1005 true true true false false false false true true false false false 29 28 false false false false false false false true true false false true true true true true true true true false 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 Yolanda C Ferrell-Brown 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 Gail Koff 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 Michael 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 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 Elizabeth D Dickey 1.0 X X 296928 0 33891 Catherine Doyle 1.0 X 0 0 0 Loren Eng 1.0 X 0 0 0 Felice Shapiro Friedman 1.0 X 0 0 0 Joel Moser 1.0 X 0 0 0 Howard Stein 1.0 X 0 0 0 John S Borden 40.0 X 188369 0 26211 Fern J Khan 40.0 X 171359 0 12890 Frank Nuara 40.0 X 209393 0 15971 Jon D Snyder 40.0 X 178829 0 25544 Alexis Wright 40.0 X 109303 0 12263 Arlen E Raushkolb 40.0 X 168459 0 25124 Barbara Coleman 40.0 X 144083 0 16798 Lesly Pierre 40.0 X 149402 0 23062 Andrea Spencer 40.0 X 138885 0 14187 Lou Palefsky 40.0 X 114069 0 20663 1869079 0 226604 27 false true false GRANT THORNTON 666 THIRD AVENUE NEW YORK NY 10017 Auditors 139230 1 507111 8337112 3223540 12067763 TUITION AND FEES 611600 39102733 39102733 39102733 658999 658999 0 139279 139279 20762 20762 20762 20762 25363803 24670489 693314 693314 693314 149323 507111 301816 -152493 -152493 0 2117811 1090904 1026907 945169 81738 INSURANCE RECOVERY 900099 112967 112967 OTHER REVENUE 900099 288530 288530 401497 53958761 39102733 945169 1843096 0 6461313 6461313 0 0 1292236 1139752 117077 35407 0 23437827 19940942 2789155 707730 1442894 1272633 130726 39535 3032128 2674337 274711 83080 2006481 1769716 181787 54978 0 115687 102036 10481 3170 179830 163401 12614 3815 50000 50000 0 214491 189181 19433 5877 1982101 1881852 65030 35219 150939 136892 10159 3888 2231418 2108717 79906 42795 88870 67686 20702 482 0 2713155 2339271 322511 51373 366924 348201 15029 3694 0 774051 539062 38294 196695 294878 260082 26716 8080 0 1643770 1449805 148926 45039 228675 201954 20516 6205 INDIRECT EXPENSES 672312 672312 MEMBERSHIP & OTHER FEES 332580 276618 49366 6596 BANK FEES 205782 200183 4299 1300 OTHER EXPENSES 701746 690988 0 10758 50620088 44936934 4337438 1345716 1022352 11580000 8812154 2216788 2750402 4237933 1584169 1306986 450142 486888 1229578 1379204 38786779 23560004 16464898 15226775 22906946 25165349 1246120 1253633 1029316 0 57496077 62853556 4400026 5244981 10247265 8580837 6421062 5694926 4533142 6538361 25601495 26059105 X 15455343 16583266 4679217 8254151 11760022 11957034 31894582 36794451 57496077 62853556 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 50000 50000 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 $50,000 for the year ending June 30, 2010. 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. 11192837 197013 1072426 251232 12211044 12257718 742511 -1548431 125070 133891 11192837 0.05497 0.94503 true false 767580 767580 17430889 12430889 5000000 10047051 6129115 3917936 6209550 3754133 2455417 4331709 1245867 3085842 15226775 0 POSTRETIREMENT HEALTH BENEFIT PLAN 5498650 CONDITIONAL ASSET RETIREMENT 397229 REFUNDABLE GOVERNMENT LOAN PROGRAM 642482 6538361 53958761 50620088 3338673 1113457 -1707571 -594114 2744559 49789134 1113457 301816 1415273 48373861 214491 5370409 5584900 53958761 47044575 3100291 3100291 43944284 214491 6461313 6675804 50620088 ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XII line 2d: Special event expense netted against special events revenue: $301,816 ========= line 4b: Scholarships $6,461,313 Costs of Goods Sold Reclassed from Expenses to Part VIII, Line 10(b) ($1,090,904) ------------ Total $5,307,409 =========== RECONCILIATION OF EXPENSES FORM 990, SCHEDULE D, PART XIII Part XIII, Line 2d: Adjustments to post retirement benefit plan $1,707,571 Costs of Goods Sold Reclassed to Revenue on Part VIII, Line 10(b) $1,090,904 Special event expense netted against special events revenue: $ 301,816 ----------- Total $3,100,291 =========== Part XIII, Line 4d: Scholarships $6,461,313 reconciliation of net assets FORM 990, SCHEDULE D, PART XI Line 8: funded status of postretirement benefit plan $-1,707,571 ============ FIN 48 In July 2006, new guidance was issued governing "Accounting for Uncertainty in Income Taxes." The new 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, and 2009 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 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. true true true true false false false false false false false false true false THE COLLEGE RECEIVES FEDERAL AND STATE EDUCATIONAL ASSISTANCE GRANTS SUCH AS PELL, BUNDY AND SIMILAR SOURCES. true corp dinner 415733 358543 57190 89948 93058 silent auction 197094 121891 75203 75203 1 43607 26677 16930 43479 128 656434 507111 149323 133427 168389 301816 -152493 true SCHOLARSHIPS 337 6461313 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 true true X X X false false false false false false false false false John S Borden 188369 0 0 0 0 0 15000 0 11211 0 214580 0 0 0 Elizabeth D Dickey 296928 0 0 0 0 0 27375 0 6516 0 330819 0 0 0 Fern J Khan 171359 0 0 0 0 0 12890 0 0 0 184249 0 0 0 Frank Nuara 209393 0 0 0 0 0 15971 0 0 0 225364 0 0 0 Jon D Snyder 178829 0 0 0 0 0 14057 0 11487 0 204373 0 0 0 Arlen E Raushkolb 168459 0 0 0 0 0 13637 0 11487 0 193583 0 0 0 Barbara Coleman 144083 0 0 0 0 0 11077 0 5721 0 160881 0 0 0 Lesly Pierre 149402 0 0 0 0 0 11575 0 11487 0 172464 0 0 0 Andrea Spencer 138885 0 0 0 0 0 8466 0 5721 0 153072 0 0 0 Schedule J, part I 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 Ms. Wright's Form W-2. For the year ending December 31, 2009, the allowance totaled $20,000. Policies Form 990, part VI, section B 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 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 wiil then set the compensation for the relevant executives and document the decision in the committee minutes. Disclosure Form 990, Part VI, Section C 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.