2011-04-06T14:20:07-05:00 2010-06-30 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2009-07-01 135653140 Corlears School CORL 2127412800 324 West 15th street New York NY 10011 Robert Fantauzzi 2127412800 2011-04-05 1 FREDERICK H ROTHMAN 2128674000 2009 2016-02-24 21:20:13Z Robert Fantauzzi 324 West 15th street New York NY 10011 4430000 0 X www.corlearsschool.org X 1970 NY TO OPERATE NON-PROFIT PRIVATE SCHOOL for students aged 3-9. 13 13 46 25 0 0 3538916 655321 3582150 3680855 53358 20866 8570 11171 7182994 4368213 425902 530216 0 3000311 3048164 168299 0 135768 931145 844586 4525657 4422966 2657337 -54753 11151183 12845744 6225703 7941043 4925480 4904701 Corlears is a progressive school dedicated to the education of young children through the early elementary grades. The organization seeks to cultivate joy in learning through the active investigation of core curricular themes. The organization is committed to the stimulation of intellectual curiosity. We value creative problem solving and support the growth of socially aware students within a diverse, intimate and involved community. 0 0 2956340 3680855 CORLEARS SCHOOL IS AN INDEPENDENT PROGRESSIVE SCHOOL FOR STUDENTS AGES 3-9. IT OFFERS PRE-K THROUGH FOURTH GRADE EDUCATIONAL SERVICES FOR 147 STUDENTS. 2956340 1 1 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 1 18 0 1 46 1 0 0 0 0 0 1 1 0 0 0 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X Robert Fantauzzi Corlears School 2127412800 324 west 15th street New York NY 10011 Heather Myers 1.00 X X 0 0 0 Kristin Mooney 1.00 X X 0 0 0 sean Madden 1.00 X X 0 0 0 michael Embler 1.00 X X 0 0 0 storm baird 1.00 X 0 0 0 Noam Spanier 1.00 X 0 0 0 Elizabeth Cutler 1.00 X 0 0 0 sabrina coughlin 1.00 X 0 0 0 Jodi Hecht 1.00 X 0 0 0 Jodi Richard 1.00 X 0 0 0 Kecia Coby 1.00 X 0 0 0 Leslie Ellwood 1.00 X 0 0 0 Lee Kempler 1.00 X 0 0 0 Mary Ellen Kenny 40.00 X 100481 0 6698 Robert Fantauzzi 40.00 X 122565 0 7476 Jonathan Feldberg 40.00 X 105004 0 7476 Thya Merz 40.00 X 215245 0 22718 543295 0 44368 4 0 1 0 0 146565 508756 655321 Tuition & Fees 611710 3607275 3607275 After School 611710 69238 69238 Early Bird Child Care 611710 4342 4342 3680855 20838 20838 3325 8325 -5000 -5000 -5000 13428 13400 28 28 28 56233 146565 40062 16171 16171 4368213 3680855 0 32037 530216 530216 484541 229742 254799 1949600 1384284 477766 87550 128008 84879 38525 4604 283780 188168 85405 10207 202235 134098 60863 7274 60150 60150 5950 5950 22200 22200 7320 7320 113794 24013 83664 6117 4877 1350 3527 251011 140043 110968 16127 16047 80 53898 40588 13310 49456 33394 16062 5143 5143 Miscellaneous 136640 38349 78275 20016 amortization 111169 111169 bad debt 6851 6851 4422966 2956340 1330858 135768 250 250 1188891 2805948 2345994 1400894 14852 10141 2150000 1401568 38890 35689 7417524 1150617 4852061 6266907 284867 260394 275378 663953 11151183 12845744 588190 967274 1319346 1665061 4216667 5196208 101500 112500 6225703 7941043 X 2022643 3217805 2647833 1431892 255004 255004 4925480 4904701 11151183 12845744 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 255004 33683 33683 255004 255004 255004 1.00000 0 0 453000 453000 4693977 863623 3830354 339365 286994 52371 1931182 1931182 6266907 financing costs 663953 663953 Student bonds payable 112500 112500 4368213 4422966 -54753 33974 33974 -20779 3920358 33974 48387 82361 3837997 530216 530216 4368213 3941137 48387 48387 3892750 530216 530216 4422966 Part V, Line 4: Description of Intended Use of Endowment Funds: Part V Line 4- The school's endowment fund income is available for general operations. Part XII, Line 2d - Other Adjustments: direct cost of special events: 40062. rental expenses: 8325. Part XII, Line 4b - Other Adjustments: FINANCIAL AID AND SCHOLARSHIPS: 530216. Part XIII, Line 2d - Other Adjustments: direct cost of special events: 40062. rental expenses: 8325. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID AND SCHOLARSHIPS: 530216. 1 1 1 School's application & newspaper ad 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 annual auction 172221 135638 36583 29700 6883 book fair 30577 10927 19650 3479 202798 146565 56233 29700 10362 40062 16171 1 Financial Aid 58 530216 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Board annually meets to decide the tuition assistance being awarded for the year. All amounts are reviewed and approved in the following manner: Families are required to register and provide earnings data to a third party financial evaluator offered by the national association of independent schools. The tuition assistance committee reviews the information and makes a decision based upon need. This procedure is done annually in March. X X 0 0 0 0 0 0 0 0 0 Thya Merz 186030 0 0 0 29215 0 14997 0 7721 0 237963 0 0 0 Form 990, Part VI, Section B, line 11 Finance Director reviewed Form 990 and offered access to members of the Board executive committee. Form 990, Part VI, Section B, line 12c The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy. Annual completion of conflict of interest form is required by Board members and key employees. The statements are reviewed by a board of trustees and if conflict exist a determination will be made by the committee whether Corlears School can proceeed with a transaction based on the underlying facts and circumstances. Form 990, Part VI, Section C, line 19 Board strives to make minutes available and publicizes major board decision through numerous communication methods. Form 990 Part XI Line 2c The process did not change from prior year.