2011-12-15T12:00:09-06:00 2011-06-30 CROWE HORWATH LLP 330 E Jefferson Blvd PO Box 7 South Bend IN 466240007 990 2010-07-01 351019540 STANLEY CLARK SCHOOL INC STAN 5742914200 3123 Miami Street South Bend IN 46614 MELISSA GRUBB 2011-12-15 true 5742323992 2010 2016-02-24 21:20:13Z MELISSA GRUBB 3123 Miami Street South Bend IN 46614 8469933 false X WWW.STANLEYCLARK.ORG X 1958 IN TO PREPARE ACADEMICALLY QUALIFIED STUDENTS IN A TRADITIONAL SETTING FOR RESPONSIBLE, PRODUCTIVE, AND REWARDING LIVES THROUGH A CHALLENGING, MULTIFACETED EDUCATION IN A NURTURING ENVIRONMENT. 29 29 105 150 0 0 793301 1984837 4417627 4383328 152730 145752 -20097 -22237 5343561 6491680 763565 756535 0 0 3061673 2846112 0 0 363632 1879458 2104178 5704696 5706825 -361135 784855 15010120 15716256 6464471 5302782 8545649 10413474 X THE STANLEY CLARK SCHOOL PREPARES ACADEMICALLY QUALIFIED STUDENTS IN A TRADITIONAL SETTING FOR RESPONSIBLE, PRODUCTIVE, AND REWARDING LIVES THROUGH A CHALLENGING, MULTIFACETED EDUCATION IN A NURTURING ENVIRONMENT. false 4553377 756535 4383328 THE STANLEY CLARK SCHOOL (SCS) PLEDGES TO PROVIDE AN EXCELLENT FOUNDATION BY BALANCING COMPREHENSIVE PROGRAMS IN ACADEMICS, FINE ARTS, AND PHYSICAL EDUCATION/ATHLETICS TO: PREPARE STUDENTS FOR HIGHER EDUCATION BY DEVELOPING PERSONAL RESPONSIBILITY FOR STUDY SKILLS, CRITICAL THINKING, AND LIFELONG LEARNING; PROVIDE OPPORTUNITIES FOR THE DEVELOPMENT OF LEADERSHIP AND THE QUALITIES, TALENTS, AND INTERESTS OF ITS STUDENTS; BUILD A NURTURING ENVIRONMENT BY ACTIVELY PROMOTING EMPATHY, MUTUAL RESPECT, AND REACHING OUT TO OTHERS THROUGH SERVICE LEARNING; ENCOURAGE CREATIVITY, SELF-ESTEEM, AND THE ABILITY TO MAKE HEALTHY CHOICES; ENCOURAGE LIFE-LONG LEARNING AND CREATIVITY; VALUE DIVERSITY AND STRIVE TO REFLECT THE MAKEUP OF OUR SURROUNDING COMMUNITIES; RECOGNIZE THAT STUDENTS, PARENTS, FACULTY AND ADMINISTRATION MUST WORK TOGETHER TO REALIZE OUR MUTUAL GOALS; AND PROVIDE AN EXCELLENT FOUNDATION BY BALANCING COMPREHENSIVE PROGRAMS IN ACADEMICS, FINE ARTS, PHYSICAL EDUCATION/ATHLETICS AND TECHNOLOGY. (CONTINUED IN SCHEDULE O) 4553377 true true false false false false false false true true false false false true true true false true false false false false false true false false false true true true false false false false false false false false false false true false false false false false false false false false true 27 1 true 105 true false false false false false true true false false false false X 29 29 false false true false false false false true true false false false true true true true true true false false IN X ANN M GAZDICK 5742914200 3123 MIAMI STREET South Bend IN 46614 ROBERT G DOUGLASS 0 X 134031 0 0 DAVID WALSH 40 X 58170 0 13795 ANN M GAZDICK 40 X 79216 0 12283 JOHN T AXELBERG 1 X 0 0 0 MARZY BAUER 1 X 0 0 0 MOLLIE BERNARD 1 X 0 0 0 KATHY BREITOWICH DDS 1 X 0 0 0 LESLIE CALLAHAN 1 X X 0 0 0 ALICE COOPER 1 X 0 0 0 CYNTHIA DIAMOND 1 X 0 0 0 TRACY D GRAHAM 1 X 0 0 0 LISA VITE HAINES 1 X 0 0 0 MARK HARMAN 1 X 0 0 0 MICHAEL KENNEDY 1 X 0 0 0 VIRGINIA LAKE 1 X 0 0 0 ERIC MARION 1 X 0 0 0 CARMEN NANNI 1 X 0 0 0 ERNESTINE M RACLIN 1 X 0 0 0 WILLIAM J SCHMUHL JR 1 X 0 0 0 JOYCE F STIFEL 1 X 0 0 0 JANET E THOMPSON 1 X 0 0 0 CONNIE VARGA 1 X 0 0 0 WILLIAM J WILKINSON 1 X 0 0 0 FREDERICK D SCHEEL MD 1 X X 0 0 0 DAVID E BALLARD 1 X 0 0 0 BRAD C BEUTTER 1 X X 0 0 0 BETH GUDEMAN 1 X X 0 0 0 MICHAEL GARATONI 1 X 0 0 0 MELISSA GRUBB 40 X 73654 0 2697 MATT KAHN 1 X 0 0 0 VINCENT D ROUGEAU 1 X 0 0 0 STEPHANIE SCHURZ 1 X 0 0 0 DONNA LOCHMANDY 1 X 0 0 0 345071 0 28775 1 true true false 0 223321 1761516 73163 1984837 TUITION 4216675 4216675 7TH AND 8TH GRADE 58503 58503 TRANSPORTATION 75243 75243 EXTENDED DAY 25582 25582 ADMISSIONS TESTING 5500 5500 1825 1825 0 0 4383328 178722 178722 0 0 16502 16502 0 16502 16502 1869063 1902033 -32970 0 -32970 -32970 16347 223321 66120 -49773 -49773 13600 10100 3500 3500 0 MISCELLANEOUS 7534 7534 0 0 0 0 7534 6491680 4383328 0 123515 0 756535 756535 0 0 429989 165643 264346 0 1911532 1703392 139254 68886 33256 26739 5344 1173 294369 226852 58125 9392 176966 129418 42579 4969 0 12127 12127 33100 33100 0 0 29214 29214 80704 66371 14333 19943 19943 102284 43248 50246 8790 17650 17650 0 261351 255407 5944 0 0 0 252301 252301 0 545521 545521 41409 4273 37136 BAD DEBT EXPENSE 304000 40000 264000 EDUCATIONAL EXPENSES 217117 217117 VEHICLE MAINTENANCE 100169 100169 PROFESSIONAL DEVELOPMENT AND RECRUITING 55690 38210 17480 DUES, MEMBERSHIPS, AND SUBSCRIPTIONS 16000 3985 12015 15598 546 8630 6422 5706825 4553377 789816 363632 0 420624 435772 862611 856025 881169 1636447 39816 30199 21336 68787 12924951 7612277 5835662 5312674 6740123 7169386 0 0 0 0 208779 206966 15010120 15716256 373128 252900 711943 857833 5000000 3915000 40705 29087 338695 247962 6464471 5302782 X 3362554 4583241 3795914 4443052 1387181 1387181 8545649 10413474 15010120 15716256 X 784855 1082970 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 3637155 5300 618393 129906 4130942 2843890 655675 281952 0 144362 3637155 3952782 2390 -393035 0 718247 0 2843890 0.54730 0.33580 0.11690 false false 339527 339527 11396841 6665249 4731592 271941 180875 91066 916642 766153 150489 0 5312674 0 INTEREST RATE SWAP AGREEMENT 196078 OTHER LIABILITIES 51884 247962 6491680 5706825 784855 984842 98128 1082970 1867825 6815192 984842 98128 1082970 5732222 759458 759458 6491680 4947367 0 0 4947367 759458 759458 5706825 Intended uses of endowment funds Schedule D, Part V, Line 4 THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO SUPPLEMENT THE SCHOOL'S OPERATIONS, I.E. COMPENSATION, FINANCIAL AID, PROFESSIONAL DEVELOPMENT, ETC. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE SCHOOL IS EXEMPT FROM INCOME TAXES ON INCOME FROM RELATED ACTIVITIES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING STATE TAX LAW. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES. U.S. GAAP REQUIRES THAT A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. DUE TO ITS TAX-EXEMPT STATUS, THE SCHOOL IS NOT GENERALLY SUBJECT TO U.S. FEDERAL INCOME TAX OR STATE INCOME TAX. THE SCHOOL'S FORM 990 HAS NOT BEEN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE OR THE STATE OF INDIANA FOR THE LAST THREE YEARS. THE SCHOOL DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE OVER THE NEXT 12 MONTHS. THE SCHOOL RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE SCHOOL DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT JUNE 30, 2011 AND 2010. Other changes in net assets Schedule D, Part XI, Line 8 GAIN ON INTEREST RATE SWAP - 93830; INCREASE IN CSV OF LIFE INSURANCE POLICIES - 4298; Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d GAIN ON INTEREST RATE SWAP - 93830; INCREASE IN CSV OF LIFE INSURANCE POLICIES - 4298; Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b FINANCIAL AID - 756535; FUNDRAISING EXPENSES - 2923; Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b FINANCIAL AID - 756535; FUNDRAISING EXPENSES - 2923; true true true true true true true false false false false false false false false false true KALEIDOSCOPE 206008 190962 15046 43240 ART FOR THE MIND 33660 32359 1301 22880 0 239668 223321 16347 0 0 0 0 0 66120 66120 -49773 true FINANCIAL AID/TUITION ASSISTANCE 108 756535 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 FINANCIAL APPLICATIONS AND TAX FORM 1040, INCLUDING SUPPLEMENTAL SCHEDULES, ARE REQUIRED FROM ALL STUDENTS REQUESTING ASSISTANCE. THE HEAD OF SCHOOL AND BUSINESS MANAGER (ADMINISTRATION) REVIEW AND APPROVE ALL AWARD ALLOCATIONS. ALL FUNDS ARE CREDITED TO THE STUDENTS' ACCOUNTS TO ENSURE PROPER USE. X true true X X X true false false false false false false false false ROBERT G DOUGLASS 134031 0 0 0 0 0 0 0 0 0 134031 0 0 0 Discretionary spending account Schedule J, Part I, Line 1a THERE IS A DISCRETIONARY SPENDING ACCOUNT FOR THE HEAD OF SCHOOL FOR BUSINESS USE ONLY. COPIES OF ALL RECEIPTS MUST BE PROVIDED IN ORDER TO BE REIMBURSED, AND ALL EXPENSE REIMBURSEMENTS MUST BE APPROVED BY THE BOARD CHAIRMAN. Severance or change-of-control payment Schedule J, Part I, Line 4a ROBERT G. DOUGLASS, THE ORGANIZATION'S FORMER HEAD OF SCHOOL, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $128,341 FOR THE FISCAL YEAR ENDED JUNE 30, 2011. CITY OF SOUTH BEND INDIANA 356001201 836520FN1 2005-12-08 5000000 FACILITY ADDITIONS/NEW CONSTRUCTION false false false 1085000 0 5087636 0 0 0 100867 2232 0 4984537 0 0 2007 false false true true false false false false 0.0000 0.0000 0.0000 true false true true FIFTH THIRD BANK 7.0 false false false NA false true TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART II, LINE 3 GROSS PROCEEDS - $5,000,000 INVESTMENT EARNINGS ON PROCEEDS - $87,636 X 2 73163 MARKET VALUE 0 false true false PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4A (CONTINUED FROM PART III) SCS STUDENTS EXCEL IN STANDARDIZED TESTING WITH MOST CLASSES SCORING IN THE 90TH PERCENTILE OR ABOVE. THEY ARE PREPARED TO EXCEL IN HIGH SCHOOL, IN COLLEGE AND IN LIFE - ACADEMICALLY AND PERSONALLY. THEY LEAVE SCS WITH THE ABILITY TO SOLVE PROBLEMS, BE IMAGINATIVE THINKERS, ENTHUSIASTIC LEARNERS AND ADEPT IN EXPRESSING THEIR INDIVIDUAL POINT OF VIEW. THE ARTS ARE ALSO AN INTEGRAL PART OF THE CURRICULUM - AND DAILY LIFE - AT SCS, BEGINNING WITH PRESCHOOL AND CONTINUING THROUGH MIDDLE SCHOOL. THE SCHOOL'S EXTENSIVE ARTS PROGRAM ENHANCES EACH STUDENT'S INHERENT CREATIVE ABILITIES AND FOSTERS THE ABILITY TO PRESENT THEMSELVES AND THEIR WORK WITH CONFIDENCE. "WORK HARD, PLAY HARD" APTLY DESCRIBES A DAY AT SCS. PHYSICAL EDUCATION AND ATHLETICS ARE AN IMPORTANT PART OF EACH STUDENT'S EXPERIENCE. SCS LEARNING IN DEED IS A SERVICE-LEARNING INITIATIVE THAT ENGAGES STUDENTS FROM PRESCHOOL THROUGH EIGHTH GRADE IN HANDS-ON, MEANINGFUL COMMUNITY SERVICE PROJECTS. SCS LEARNING IN DEED COMBINES SERVICE AND LEARNING OBJECTIVES TO: - MEET REAL, DEFINED NEEDS IN OUR COMMUNITY, - PROMOTE STUDENT REFLECTION, - ACQUIRE VALUES, SKILLS, AND PRACTICAL KNOWLEDGE, AND - BRING TO LIFE CIVIC RESPONSIBILITY WHILE GAINING A DEEPER UNDERSTANDING OF THEMSELVES AND THEIR COMMUNITY. THERE WERE 322 STUDENTS ENROLLED AT SCS FOR THE 2010-2011 SCHOOL YEAR. THE GENDER SPLIT IS JUST ABOUT EQUAL ACROSS THE SCHOOL, 52% GIRLS AND 48% BOYS. THE STUDENTS COME FROM COMMUNITIES IN AND AROUND SOUTH BEND SUCH AS GRANGER, MISHAWAKA, ELKHART, GOSHEN, PLYMOUTH AND LAPORTE. AN ATTRIBUTE OF THE SCHOOL THAT AFFECTS THE STUDENT POPULATION IS THE LOYALTY OF THE ALUMNI FAMILIES. FOR EXAMPLE, THERE ARE CURRENTLY OVER 38 STUDENTS AT STANLEY CLARK WHO ARE CHILDREN OF ALUMNI, A TESTAMENT TO THE LIFE IMPACT OF THE SCS EXPERIENCE ON ITS GRADUATES. Significant changes to organizational documents Form 990, Part VI, Section A, Line 4 THE FOLLOWING CHANGES WERE MADE TO THE CURRENT BYLAWS AND APPROVED BY THE BOARD OF DIRECTORS ON JUNE 7, 2011: 1. THE NUMBER OF BOARD MEMBERS WILL BE REDUCED TO APPROXIMATELY 15-18 TRUSTEES BY JULY 1, 2014. 2. THE TRUSTEES' TERMS WERE REDUCED FROM 3 YEARS TO 2 YEARS. 3. THE NUMBER OF STANDING COMMITTEES WAS REDUCED AND THE RESPONSIBILITIES OF VARIOUS COMMITTEES WERE AMENDED. 4. VARIOUS LANGUAGE WAS STANDARDIZED AND CLARIFIED. 5. THE OFFICERS OF THE BOARD WERE GIVEN THE RESPONSIBILITY TO PERFORM THE PERFORMANCE REVIEWS FOR THE HEAD OF SCHOOL. 6. THE APPROVAL OF A BOARD VOTE WAS CHANGED TO INCLUDE THE VOTES OF ANY HONORARY TRUSTEES. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b A FINAL DRAFT OF THE FORM 990, EXCLUDING SCHEDULE B, IS PRESENTED BY OUR TAX ADVISORS TO THE ORGANIZATION'S FINANCE COMMITTEE. ONCE THE FINANCE COMMITTEE REVIEWS, A FINAL DRAFT (EXCLUDING SCHEDULE B) IS PROVIDED TO EACH MEMBER OF THE ORGANIZATION'S GOVERNING BODY AT A REGULARLY SCHEDULED BOARD MEETING. ONCE REVIEWED AND APPROVED BY THE GOVERNING BODY, IT IS THEN FILED WITH THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c CONFLICT OF INTEREST STATEMENTS ARE COMPLETED BY ALL BOARD MEMBERS AND OFFICERS ANNUALLY AND KEPT ON FILE BY THE HEAD OF SCHOOL'S ASSISTANT. THE BOARD CHAIR AND HEAD OF SCHOOL REVIEW THE STATEMENTS FOR POTENTIAL CONFLICTS. IN THE EVENT OF A CONFLICT THE MEMBER DOES NOT PARTICIPATE IN THE DELIBERATIONS OF THE TRANSACTION. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a AN EVALUATION OF THE HEAD OF SCHOOL IS PERFORMED ON AN ANNUAL BASIS BY THE EXECUTIVE COMMITTEE OF BOARD OF TRUSTEES. COMPARABILITY DATA IS OBTAINED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) SALARY COMPARISONS. WRITTEN DOCUMENTATION APPROVING ANY CHANGES IN COMPENSATION IS PERFORMED BY THE BOARD CHAIR. AN INTERIM HEAD OF SCHOOL WAS HIRED FOR JULY 1, 2009 THROUGH JUNE 30, 2010, WHILE THE SCHOOL UNDERWENT A SEARCH FOR A NEW HEAD OF SCHOOL. A NEW HEAD OF SCHOOL WAS HIRED EFFECTIVE JULY 1, 2010. IN ADDITION, IN JUNE 2011 THE EXECUTIVE COMMITTEE COMPLETED AND DOCUMENTED A PERFORMANCE EVALUATION FOR THE NEW HEAD OF SCHOOL FOR THE PERIOD JULY 1, 2011 THROUGH JUNE 30 2012. Public Disclosure Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS/KEY EMPLOYEES FORM 990, PART VI, SECTION B, LINE 15B AFTER THE BOARD OF DIRECTORS APPROVES THE ANNUAL BUDGET, THE ORGANIZATION'S HEAD OF SCHOOL REVIEWS AND APPROVES THE AMOUNT OF ALL OTHER EMPLOYEES' COMPENSATION, INCLUDING OTHER OFFICERS. COMPARABILITY DATA IS OBTAINED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) SALARY COMPARISONS. IN THE FUTURE, AN EVALUATION OF THE ORGANIZATION'S BUSINESS MANAGER IS TO BE PERFORMED BY THE EXECUTIVE COMMITTEE OF THE BOARD ON AN ANNUAL BASIS. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - 984842; GAIN ON INTEREST RATE SWAP - 93830; INCREASE IN CSV OF LIFE INSURANCE POLICIES - 4298;