2026-04-28T11:54:04-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-07-01 465652622 THE QUAD PREPARATORY SCHOOL QUAD 6466493913 25 PINE STREET 4TH FLOOR NEW YORK NY 10005 KIMBERLY BUSI HEAD OF SCHOOL 6466493913 2026-04-28 1 1 MELISSA MODELSON P01603524 9143818900 2026-04-27 2024 2025-03-06 01:10:19Z KIMBERLY BUSI 25 PINE STREET 4TH FLOOR NEW YORK NY 10005 31291496 0 X WWW.QUADPREP.ORG X 2014 NY THE ORGANIZATION IS AN ALTERNATIVE COLLEGE PREPARATORY SCHOOL DEDICATED TO THE EDUCATION OF TWICE EXCEPTIONAL STUDENTS WITH SOCIAL LEARNING DIFFERENCES. THEIR VISION IS TO ALLOW STUDENTS TO EXPERIENCE EDUCATION AS THE TRANSFORMATIVE EXPERIENCE EVERY CHILD DESERVES. 13 12 287 250 0 0 2190414 2270731 25235367 28544479 201936 294891 92744 75634 27720461 31185735 0 0 0 0 19358175 21432620 0 0 521538 9062514 8652140 28420689 30084760 -700228 1100975 62477578 59380890 68625407 64427744 -6147829 -5046854 X THE QUAD PREPARATORY SCHOOL TRANSFORMS THE LIVES OF TWICE EXCEPTIONAL PEOPLE, THOSE WHO ARE GIFTED AND LEARN DIFFERENTLY BY REDEFINING THE EXPERIENCE OF SCHOOL. OUR PERSONALIZED MODEL FULLY INTEGRATES SOCIAL AND EMOTIONAL LEARNING WITH CHALLENGING ACADEMICS, EMPOWERING OUR STUDENTS TO RISE TO THE LEVEL OF THEIR EXTRAORDINARY TALENTS. THROUGH OUR INNOVATIVE PROGRAMS WE ARE LEADING A LARGER MOVEMENT IN SERVICE OF BOTH TWICE EXCEPTIONAL PEOPLE AND SOCIETY AT LARGE. 0 0 24977399 0 28544479 THE QUAD PREPARATORY SCHOOL ISN'T JUST A SCHOOL, IT IS THE EPICENTER OF A LARGER MOVEMENT, WITH IMPLICATIONS FAR WIDER REACHING THAN THE SUCCESSES WE HAVE WITH OUR STUDENTS. THE QUAD PREP COMMITMENT IS TO SHARE ITS PRACTICES WITH OTHERS ON A LOCAL, NATIONAL AND EVEN INTERNATIONAL SCALE. THE QUAD PREPARATORY SCHOOL IS A KEY PARTNER OF THE 2E STUDY CENTER AT THE QUAD - THE FIRST AND ONLY CENTER OF 2E EXCELLENCE IN NEW YORK CITY. QUAD PREP IS ALSO COMMITTED TO EDUCATING AND TRAINING EDUCATORS, CLINICIANS AND PARENTS THROUGH: "HOSTING "BREAKTHROUGHS IN TWICE EXCEPTIONAL EDUCATION", AN ANNUAL, NATIONAL CONFERENCE, AND "HOSTING AND COCREATING THE CERTIFICATE PROGRAM IN "MEETING THE NEEDS OF TWICE EXCEPTIONAL CHILDREN", THE EAST COAST'S FIRST AND ONLY POSTGRADUATE CERTIFICATION PROGRAM OF ITS KIND. 24977399 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 52 0 287 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X ELMER DETRES 6466493913 25 PINE STREET 4TH FLOOR NEW YORK NY 10005 KIMBERLY BUSI HEAD OF SCHOOL 40.00 X X 493074 0 37425 MARK MCFADDEN PRESIDENT 1.00 X X 0 0 0 MARCUS MABRY VICE PRESIDENT 1.00 X X 0 0 0 MARILYN KLINE SECRETARY 1.00 X X 0 0 0 ALAN CARR DIRECTOR 1.00 X 0 0 0 RAY CHAN DIRECTOR 1.00 X 0 0 0 ADAM FALK DIRECTOR 1.00 X 0 0 0 STEPHANIE HODOR DIRECTOR 1.00 X 0 0 0 RACHEL LAVINE DIRECTOR 1.00 X 0 0 0 PAUL LEVINSOHN DIRECTOR 1.00 X 0 0 0 DAVID ORR DIRECTOR 1.00 X 0 0 0 JASON PIKE DIRECTOR 1.00 X 0 0 0 SCOTT REISINGER DIRECTOR 1.00 X 0 0 0 ELMER DETRES CHIEF FINANCIAL OFFICER 40.00 X 208113 0 23730 CAROL STARMACK CHIEF OPERATING OFFICER 24.00 X 180221 0 8703 FRANCISCO CORNEJO ASSISTANT HEAD OF SCHOOL 40.00 X 207359 0 10965 NICOLE CAVALIERE CO-HEAD OF SCHOOL, ACADEMIC 40.00 X 171346 0 1663 BARI SCHWARTZ CO-HEAD OF SCHOOL, CLINICAL 40.00 X 161795 0 1554 CHRISTINE VUOLO UPPER SCHOOL CO-HEAD, CLINICAL 40.00 X 158924 0 9649 EMILY VIZZA CHIEF LEARNING OUTCOMES OFFICER 40.00 X 171277 0 26708 JESSICA SMITH CHIEF ADV. & COMM. OFFICER 40.00 X 152186 0 20302 1904295 0 140699 13 0 1 0 SAFETY BUILDING SECURITY SERVICES L 5 WEST 37TH STREET 803 NEW YORK NY 10018 BUILDING CLEANING SERVICES 232814 ANNA CHRISTODOULOU 169 HUDSON STREET APT 4S NEW YORK NY 10013 CONSULTING SERVICES 215250 TRINET INC 9000 TOWN CENTER PARKWAY BRADENTON FL 34202 PAYROLL SERVICES 138784 PEACE OF MIND TECHNOLOGIES 330 WEST 38TH STREET SUITE 611 NEW YORK NY 10018 BUILDING SECURITY SERVICES 120828 PRESTIGE EMPLOYEE ADMINISTRATORS LLC 538 BROADHOLLOW ROAD SUITE 311 MELVILLE NY 11747 PAYROLL SERVICES 120578 6 1062107 1208624 19861 2270731 TUITION REVENUE 611600 28544479 28544479 28544479 294909 294909 50015 0 50015 50015 50015 19843 19861 -18 -18 -18 98084 1062107 85900 12184 12184 MISC. INCOME 900099 13435 13435 13435 31185735 28544479 0 370525 1153029 304122 740668 108239 17316210 15294389 1870855 150966 123040 118452 4454 134 1035644 890021 132175 13448 1804697 1530383 249048 25266 22952 22952 55500 55500 818953 373373 431632 13948 28363 28363 601796 493511 89915 18370 198429 182536 14429 1464 5465608 4634835 754254 76519 77853 66161 10615 1077 1010 1010 258375 219102 35656 3617 709117 601332 97858 9927 162527 137823 22429 2275 EVENT EXPENSES 120665 20937 5395 94333 PROFESSIONAL DEVELOPMEN 62163 62163 REPAIRS AND MAINTENANCE 55718 47249 7689 780 MISC OPERATING EXPENSES 13111 11936 1175 30084760 24977399 4585823 521538 2213083 3453680 4043308 4094584 404865 231762 1949087 1573871 88671 151595 9738323 4752698 5477701 4985625 48300863 44889773 62477578 59380890 993197 926187 12281864 11515653 5306583 4981462 50043763 47004442 68625407 64427744 X -6463640 -5415551 315811 368697 -6147829 -5046854 62477578 59380890 1100975 0 X X 0 1 X 1 0 X 2568069 1801026 1588466 2190414 2270731 10418706 2568069 1801026 1588466 2190414 2270731 10418706 830145 9588561 15521 0 86379 254006 344924 700830 0 0 0 32901 12184 45085 118127 85183 23900 8393 13435 249038 11413659 112205813 0.84010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 118,127. 2021 AMOUNT: $ 85,183. 2022 AMOUNT: $ 23,900. 2023 AMOUNT: $ 8,393. 2024 AMOUNT: $ 13,435. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8617208 3897286 4719922 604023 431299 172724 517092 424113 92979 4985625 OPERATING ROU ASSET 42530020 FINANCE LEASE ROU ASSET 58329 SECURITY DEPOSITS 2301424 44889773 OPERATING LEASE LIABILITY 47004442 47004442 X 31185735 0 31185735 0 31185735 30084760 0 30084760 0 30084760 PART X, LINE 2: THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2022. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMANTORY POLICY WITHIN ITS APPLICATION AND ON ITS INTERNET WEBSITE HOMEPAGE. ANNUAL GALA 1160191 1062107 98084 72000 1000 12900 1160191 1062107 98084 72000 1000 12900 85900 12184 X X X X 0 0 0 0 0 0 0 0 0 KIMBERLY BUSI HEAD OF SCHOOL 493074 0 0 0 0 0 5282 0 32143 0 530499 0 0 0 ELMER DETRES CHIEF FINANCIAL OFFICER 208113 0 0 0 0 0 0 0 23730 0 231843 0 0 0 FRANCISCO CORNEJO ASSISTANT HEAD OF SCHOOL 207359 0 0 0 0 0 1709 0 9256 0 218324 0 0 0 EMILY VIZZA CHIEF LEARNING OUTCOMES OFFICER 171277 0 0 0 0 0 3287 0 23421 0 197985 0 0 0 CAROL STARMACK CHIEF OPERATING OFFICER 180221 0 0 0 0 0 3326 0 5377 0 188924 0 0 0 NICOLE CAVALIERE CO-HEAD OF SCHOOL, ACADEMIC 171346 0 0 0 0 0 1650 0 13 0 173009 0 0 0 JESSICA SMITH CHIEF ADV. & COMM. OFFICER 152186 0 0 0 0 0 3046 0 17256 0 172488 0 0 0 CHRISTINE VUOLO UPPER SCHOOL CO-HEAD, CLINICAL 158924 0 0 0 0 0 1819 0 7830 0 168573 0 0 0 BARI SCHWARTZ CO-HEAD OF SCHOOL, CLINICAL 161795 0 0 0 0 0 0 0 1554 0 163349 0 0 0 FORM 990, PART I, LINE 5, AND PART V, LINE 2A: THE SCHOOL CONTRACTED WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR SERVICES, INCLUDING BUT NOT LIMITED TO, PAYROLL, TIMEKEEPING, EMPLOYEE BENEFITS, HR ADMINISTRATION AND WORKFORCE REGULATORY COMPLIANCE NEEDS. AS THE EMPLOYER OF RECORD FOR TAX PURPOSES, FORMS W-2 AND W-3 ARE ISSUED BY THE PEO AND FILED UNDER THE PEO'S FEDERAL EIN. IN THIS CO-EMPLOYMENT ARRANGEMENT, THE SCHOOL IS THE COMMON LAW EMPLOYER AND, ACCORDINGLY, COMPENSATION IS REPORTED ON FORM 990, PART VII, SECTION A AND PART IX, LINES 5-10. FORM 990, PART VI, SECTION A, LINE 2 ADAM FALK AND MARILYN KLINE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. AFTER THE FORM 990 HAS BEEN PREPARED, A COPY IS REVIEWED BY MANAGEMENT WITH THE AUDIT/FINANCE COMMITTEE AND WHEN IT IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION COMPARABLES WERE PREPARED AND REVIEWED BY THE EXECUTIVE COMMITTEE IN EXECUTIVE SESSION. THE COMMITTEE OF THE BOARD OF DIRECTORS EXAMINES THE MOST RECENTLY AVAILABLE 990 DOCUMENTS (FROM NYC AREA NYSAIS ACCREDITED SCHOOLS, CATEGORIZING INSTITUTIONS BY POPULATION SERVED (GENERAL EDUCATION AND SPECIAL EDUCATION), OVERALL OPERATING BUDGET, AND POPULATION SIZE. HEAD OF SCHOOL COMPENSATION WAS RECORDED (REPORTABLE AND TOTAL) AND ESCALATED AT 2.5% PER YEAR TO DETERMINE A COMPENSATION RATE. THE COMMITTEE CALCULATED CORRESPONDING PERCENTILES AND AGREED TO USE THE 50TH PERCENTILE FOR 16-25MM SCHOOLS AS THE BENCHMARK FOR THE CONTRACT RENEWAL NEGOTIATION. THE STAFF UTILIZES A SIMILAR PROCESS IN SETTING COMPENSATION LEVELS FOR PROFESSIONAL, TEACHING, AND CLINICAL ROLES WITHIN THE ORGANIZATION. WHERE POSSIBLE, WE LOOK TO AVAILABLE 990 DOCUMENTS AS WELL AS NAIS, NYSAIS, AND NYGIS REPORTING, PLUS COMPARISON TO FOUR TO FIVE PEER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.