REECE SCHOOL: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- REECE SCHOOL (EIN 13-1626154)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-05
- IRS object ID
- 202631259349302833
- Schema version
- 2024v5.5
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-05T17:12:58-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331374517 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE SUITE 301 | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 105281633 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131626154 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE REECE SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | REEC | BusinessNameControlTxt |
| Phone | 2122894872 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 EAST 104TH STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10029 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DUNCAN LESTER | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 2122894872 | PhoneNum |
| Signature | 2026-05-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MELISSA MODELSON | PreparerPersonNm |
| PTIN | P01603524 | PTIN |
| Phone | 9143818900 | PhoneNum |
| Preparation | 2026-04-29 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DUNCAN LESTER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 EAST 104TH STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10029 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $14,522,269 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.REECESCHOOL.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1948 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | THE SCHOOL'S MOST SIGNIFICANT ACTIVITIES IN THE YEAR WERE THE FOLLOWING SERVICES TO THE COMMUNITY THAT ENCOMPASSED THE FIVE BOROUGHS OF NEW YORK CITY: A COMPREHENSIVE ACADEMIC AND THERAPEUTIC SCHOOL AGE PROGRAM FOR 90 INTELLECTUALLY CAPABLE, PSYCHOLOGICALLY FRAGILE CHILDREN AGES 5 - 13, INCLUDING BOTH ACADEMIC AND RELATED SERVICES IN SPEECH, OT, COUNSELING, AND INDEPENDENT LIVING. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 154 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $50,360 | PYContributionsGrantsAmt |
| CY Contributions Grants | $158,154 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $12,206,978 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,313,863 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $72,582 | PYOtherRevenueAmt |
| CY Other Revenue | $50,252 | CYOtherRevenueAmt |
| PY Total Revenue | $12,329,920 | PYTotalRevenueAmt |
| CY Total Revenue | $14,522,269 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,792,387 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,238,760 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $6,059 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,847,487 | PYOtherExpensesAmt |
| CY Other Expenses | $4,337,630 | CYOtherExpensesAmt |
| PY Total Expenses | $12,639,874 | PYTotalExpensesAmt |
| CY Total Expenses | $14,576,390 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$309,954 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$54,121 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $22,786,616 | TotalAssetsBOYAmt |
| Total Assets EOY | $21,891,587 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $22,076,285 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $21,282,132 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $710,331 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $609,455 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE REECE SCHOOL PROVIDES AN ACADEMIC LOWER AND UPPER SCHOOL SPECIAL EDUCATION PROGRAM FOR CHILDREN WHO REQUIRE MORE SUPPORT THAN CAN BE PROVIDED IN A TRADITIONAL PUBLIC SCHOOL SETTING. REECE STUDENTS ARE ACADEMICALLY CAPABLE BUT MAY BE PSYCHOLOGICALLY FRAGILE OR FACE CHALLENGES THAT IMPACT THEIR ABILITY TO FULLY ACCESS THEIR EDUCATION IN THEIR CURRENT PLACEMENT. OUR MISSION IS TO EMPOWER EACH STUDENT TO REACH THEIR FULL POTENTIAL IN A NURTURING, STRUCTURED, AND SUPPORTIVE ENVIRONMENT. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $12,940,165 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $14,313,863 | RevenueAmt |
| Desc | THE REECE SCHOOL SERVES ACADEMICALLY CAPABLE STUDENTS WHO MAY BE PSYCHOLOGICALLY FRAGILE OR HAVE CHALLENGES THAT INTERFERE WITH THEIR ABILITY TO SUCCEED IN A TRADITIONAL SCHOOL ENVIRONMENT. OUR STUDENTS MAY HAVE SPEECH AND LANGUAGE IMPAIRMENTS, EMOTIONAL OR LEARNING DISABILITIES, AUTISM CLASSIFICATIONS, OR OTHER SPECIAL NEEDS. AT REECE, EACH CHILD RECEIVES INDIVIDUALIZED ACADEMIC, SOCIAL, AND EMOTIONAL SUPPORT WITHIN A WELL-STRUCTURED, CARING, AND INCLUSIVE SETTING. OUR GOAL IS TO FOSTER GROWTH, CONFIDENCE, AND SUCCESS FOR EVERY STUDENT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $198,973 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | THE REECE SCHOOL OFFERS A RANGE OF SUPPLEMENTAL PROGRAMS FUNDED BY IDEA GRANTS FROM FEDERAL AGENCIES. THESE PROGRAMS, WHICH ARE NOT INCLUDED IN THE NYSED TUITION RATE, ARE DESIGNED TO SUPPORT STUDENT DEVELOPMENT BEYOND THE TRADITIONAL SCHOOL DAY. THEY INCLUDE:- SATURDAY PROGRAMS - FAMILY ENGAGEMENT INITIATIVES - SOCIAL SKILLS TRAINING - CURRICULUM DEVELOPMENT PROJECTS - SPORTS TEAMS AND ACTIVITY CLUBS THESE ENHANCEMENTS SUPPORT OUR MISSION BY ADDRESSING THE DIVERSE NEEDS OF OUR STUDENTS AND FAMILIES, FOSTERING WELL-ROUNDED GROWTH AND ENGAGEMENT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $13,139,138 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 8 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 154 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAULO SOUZA | PersonNm |
| Phone | 2122894872 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 EAST 104TH STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10029 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ANDREAS KAMPOURIS | ||||||||
| PRESIDENT/CHAIRMAN | 0.50 | 0.60 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MARK MAGILL | ||||||||
| SECRETARY | 0.50 | 0.60 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BELLA CANARTE | ||||||||
| TREASURER | 0.50 | 0.60 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LAUREN ALPERIN | ||||||||
| BOARD MEMBER | 0.50 | 0.60 | Yes (X) | $0 | $0 | $0 | ||
| KRISTEN DUFFY | ||||||||
| BOARD MEMBER | 0.50 | 0.60 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD ISSACS | ||||||||
| BOARD MEMBER | 0.50 | 0.60 | Yes (X) | $0 | $0 | $0 | ||
| DUNCAN LESTER | ||||||||
| EXECUTIVE DIRECTOR | 40.00 | 0.60 | Yes (X) | $278,064 | $0 | $48,969 | ||
| PAULO SOUZA | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | 0.60 | Yes (X) | $201,510 | $0 | $5,983 | ||
| ASHLEY L GARTNER | ||||||||
| CURRICULUM COORDINATOR | 37.50 | 0.00 | $137,123 | $0 | $20,737 | Yes (X) | ||
| KAREN SULLIVAN | ||||||||
| SOCIAL SKILLS COORDINATOR | 37.50 | 0.00 | $128,177 | $0 | $20,564 | Yes (X) | ||
| ERICA CORVIN | ||||||||
| CLINICAL COORDINATOR | 37.50 | 0.00 | $125,740 | $0 | $3,741 | Yes (X) | ||
| JACLYN LOPRESTI | ||||||||
| SPEECH THERAPIST | 37.50 | 0.00 | $111,038 | $0 | $19,544 | Yes (X) | ||
| THOMAS BOYLE | ||||||||
| CURRICULUM UPPER SCHOOL | 37.50 | 0.00 | $108,746 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,090,398 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $119,538 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 11 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HIBUILD LLC | |||||
| 23 OAK TAVERN CIRCLE | BRANCHBURG | NJ | 08876 | CONSTRUCTION SERVICES | $223,890 |
| HUNTLEIGH USA CORPORATION | |||||
| 545 E JOHN CARPENTER FREEWAY SUIT | IRVING | TX | 75062 | SECURITY SERVICES | $193,747 |
| AFFIRMED TECHNOLOGIES | |||||
| 13711 131 AVENUE | JAMAICA | NY | 11436 | INFO TECH SERVICES | $186,067 |
| PKF O'CONNOR DAVIES LLP | |||||
| 500 MAMARONECK AVENUE | HARRISON | NY | 10528 | AUDIT AND TAX SERVICES | $158,010 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $158,154 | GovernmentGrantsAmt |
| Total Contributions | $158,154 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TUITION | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $14,313,863 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,313,863 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,313,863 | TotalProgramServiceRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| OTHER INCOME | 900099 | $40,819 | $40,819 |
| BAD DEBT RECOVERY | 900099 | $9,433 | $9,433 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $50,252 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,522,269 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,313,863 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $50,252 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $563,088 | TotalAmt |
| Program Services | $512,577 | ProgramServicesAmt |
| Management And General | $50,511 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $182,432 | TotalAmt |
| Program Services | $182,432 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,780,183 | TotalAmt |
| Program Services | $7,061,869 | ProgramServicesAmt |
| Management And General | $718,314 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,084 | TotalAmt |
| Program Services | $115,944 | ProgramServicesAmt |
| Management And General | $10,140 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $812,737 | TotalAmt |
| Program Services | $747,374 | ProgramServicesAmt |
| Management And General | $65,363 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $774,236 | TotalAmt |
| Program Services | $711,970 | ProgramServicesAmt |
| Management And General | $62,266 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,853 | TotalAmt |
| Management And General | $39,853 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,335 | TotalAmt |
| Management And General | $131,335 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $448,208 | TotalAmt |
| Program Services | $321,128 | ProgramServicesAmt |
| Management And General | $127,080 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,594 | TotalAmt |
| Program Services | $13,594 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $414,166 | TotalAmt |
| Program Services | $392,696 | ProgramServicesAmt |
| Management And General | $16,219 | ManagementAndGeneralAmt |
| Fundraising | $5,251 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,648 | TotalAmt |
| Program Services | $63,648 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,304,082 | TotalAmt |
| Program Services | $2,304,082 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,300 | TotalAmt |
| Program Services | $45,300 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,814 | TotalAmt |
| Program Services | $65,814 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $143,446 | TotalAmt |
| Program Services | $26,422 | ProgramServicesAmt |
| Management And General | $116,920 | ManagementAndGeneralAmt |
| Fundraising | $104 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,956 | TotalAmt |
| Program Services | $87,879 | ProgramServicesAmt |
| Management And General | $46,373 | ManagementAndGeneralAmt |
| Fundraising | $704 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,300 | TotalAmt |
| Program Services | $44,481 | ProgramServicesAmt |
| Management And General | $46,819 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| REPAIRS AND MAINTENANCE | $282,019 | $282,019 |
| STUDENT ACTIVITIES | $159,539 | $159,539 |
| FOOD EXPENSES | $370 | $370 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,576,390 | TotalAmt |
| Program Services | $13,139,138 | ProgramServicesAmt |
| Management And General | $1,431,193 | ManagementAndGeneralAmt |
| Fundraising | $6,059 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $165,804 | BOYAmt |
| EOY | $130,134 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,088 | BOYAmt |
| EOY | $118,814 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,057,076 | BOYAmt |
| EOY | $2,462,751 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,711,227 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,304,980 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,971 | BOYAmt |
| EOY | $406,247 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,045,677 | BOYAmt |
| EOY | $18,773,641 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,786,616 | BOYAmt |
| EOY | $21,891,587 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,441,604 | BOYAmt |
| EOY | $1,340,033 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,519,715 | BOYAmt |
| EOY | $1,630,696 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,114,966 | BOYAmt |
| EOY | $18,311,403 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,076,285 | BOYAmt |
| EOY | $21,282,132 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $710,331 | BOYAmt |
| EOY | $609,455 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $710,331 | BOYAmt |
| EOY | $609,455 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,786,616 | BOYAmt |
| EOY | $21,891,587 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$54,121 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$46,755 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $91,738 | OtherCostOrOtherBasisAmt |
| Book Value | $91,738 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,910 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,910 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,316,180 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,111,702 | DepreciationAmt |
| Book Value | $204,478 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $293,399 | OtherCostOrOtherBasisAmt |
| Depreciation | $183,368 | DepreciationAmt |
| Book Value | $110,031 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $406,247 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RIGHT OF USE ASSET | $17,343,340 |
| DUE FROM THE REECE FOUNDATION | $660,020 |
| INTEREST IN THE NET ASSETS OF THE FOUNDATION | $174,244 |
| SECURITY DEPOSIT | $150,000 |
| LEASE COMMISSION | $446,037 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $18,773,641 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| OPERATING LEASE LIABILITY | $18,186,658 |
| DUE TO LOCAL SCHOOL BOARD | $40,480 |
| DEFERRED COMPENSATION LIABILITY | $27,975 |
| DUE TO RELATED PARTIES | $56,290 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $18,311,403 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $14,527,136 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $14,300 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $14,300 | RevenueNotReportedAmt |
| Revenue Subtotal | $14,512,836 | RevenueSubtotalAmt |
| Other Revenues Not Included | $9,433 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $9,433 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $14,522,269 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,581,257 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $14,300 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $14,300 | ExpensesNotReportedAmt |
| Expenses Subtotal | $14,566,957 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $9,433 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $9,433 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $14,576,390 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | BAD DEBT RECOVERY 9,433. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | BAD DEBT RECOVERY 9,433. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS AVAILABLE ON ITS WEBSITE FOR PUBLIC VIEWING. |
| SCHEDULE E, PART I, LINE 6 | THE SCHOOL RECEIVES TUITION AND GRANT SUPPORT FROM THE NYS DEPARTMENT OF HEALTH AND THE NEW YORK CITY DEPARTMENT OF EDUCATION. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DUNCAN LESTER | ||||||||||||||
| EXECUTIVE DIRECTOR | $277,290 | $0 | $0 | $0 | $774 | $0 | $9,077 | $0 | $39,892 | $0 | $327,033 | $0 | $0 | $0 |
| PAULO SOUZA | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $201,510 | $0 | $0 | $0 | $0 | $0 | $5,983 | $0 | $0 | $0 | $207,493 | $0 | $0 | $0 |
| ASHLEY L GARTNER | ||||||||||||||
| CURRICULUM COORDINATOR | $137,123 | $0 | $0 | $0 | $0 | $0 | $4,115 | $0 | $16,622 | $0 | $157,860 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| CHARLOTTE LESTER | |||
| DAUGHTER OF EXECUTIVE DIRECTOR | $77,560 | EMPLOYMENT ARRANGEMENT | 0 |
| ALEXANDER SOUZA | |||
| SON OF CFO | $52,680 | EMPLOYMENT ARRANGEMENT | 0 |
| MARINA SOUZA | |||
| DAUGHTER OF CFO | $49,392 | EMPLOYMENT ARRANGEMENT | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION'S SOLE MEMBER IS THE ELLEN REECE LEGACY CORP. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S SOLE MEMBER HAS THE AUTHORITY TO ELECT DIRECTORS OF THE GOVERNING BOARD. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING ACTIONS REQUIRE THE APPROVAL OF THE ORGANIZATION'S SOLE MEMBER: ELECTION OF BOARD MEMBERS; ELECTION AND REMOVAL OF OFFICERS; AND AMENDING THE BY-LAWS. |
| 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, IT IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE. 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 | AT THE ANNUAL MEETING OF THE BOARD, THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE OFFICERS AND TRUSTEES. ANNUALLY, EACH OFFICER AND TRUSTEE IS REQUIRED TO SIGN A STATEMENT INDICATING WHETHER CONFLICTS MAY EXIST, INCLUDING AN AGREEMENT TO DISCLOSE ANY CONFLICTS THAT MAY ARISE IN THE INTERM. IN ADDITION TO THE ANNUAL STATEMENTS REQUIRED BY THIS POLICY, A TRUSTEE, OFFICER, KEY EMPLOYEE, OR DESIGNATED PROFESSIONAL STAFF MEMBER, MUST DISCLOSE TO THE AUDIT COMMITTEE THE EXISTENCE OF A PERSONAL INTEREST THAT MAY GIVE RISE TO A CONFLICT OF INTEREST, AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE AUDIT COMMITTEE. A KEY EMPLOYEE (OR ANY PROFESSIONAL STAFF MEMBER DESIGNATED BY THE BOARD) MAY DISCLOSE THIS INTEREST TO THE EXECUTIVE DIRECTOR WHO MAY ADDRESS THE ISSUE DIRECTLY OR REFER IT TO THE AUDIT COMMITTEE, BUT IF THE EXECUTIVE DIRECTOR DEALS DIRECTLY WITH THE REPORT OF A CONFLICTING INTEREST, HE WILL REPORT HIS DETERMINATION TO THE AUDIT COMMITTEE PRIOR TO THE NEXT MEETING OF THE BOARD. AT A REGULAR OR SPECIAL MEETING OF THE AUDIT COMMITTEE, THE INTERESTED TRUSTEE OR OFFICER (OR, UPON REFERRAL OF THE EXECUTIVE DIRECTOR, THE KEY EMPLOYEE OR OTHER DESIGNATED PROFESSIONAL) SHALL DISCLOSE THE FINANCIAL OR OTHER PERSONAL INTEREST GIVING RISE TO THE CONFLICT AND ALL MATERIAL FACTS. THE FOLLOWING CONDITIONS WILL APPLY: A) THE INTERESTED INDIVIDUAL SHALL NOT ATTEMPT TO INFLUENCE THE COMMITTEE DELIBERATION OR VOTING RELATED TO THE TRANSACTION OR ARRANGEMENT. B) AFTER THE PRESENTATION, THE INTERESTED INDIVIDUAL SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, ANY SUCH TRANSACTION OR ARRANGEMENT. C) AFTER REVIEW, THE AUDIT COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS, WHETHER A CONFLICT OF INTEREST EXISTS AND WHETHER THE TRANSACTION OR ARRANGEMENT INVOLVING A POSSIBLE CONFLICT OF INTEREST IS IN THE CORPORATION'S BEST INTEREST AND WHETHER IT IS FAIR AND REASONABLE. IT SHALL THEN MAKE ITS DECISION AS TO WHETHER TO APPROVE THE PROPOSED TRANSACTION OR ARRANGEMENT. BECAUSE THE CORPORATION RELIES UPON TRUSTEES WHO ARE ACTIVELY ENGAGED IN THE COMMUNITY, IT IS NOT UNUSUAL FOR ITS TRUSTEES TO BE ON THE VOLUNTEER GOVERNING BOARDS OF NOT FOR PROFIT ORGANIZATIONS WITH WHICH THE CORPORATION MAY UNDERTAKE TRANSACTIONS. IN SUCH CASES, THE TRUSTEE MUST DISCLOSE THE RELATIONSHIP, MAY PRESENT ANY RELEVANT INFORMATION, BUT MUST LEAVE THE ROOM FOR DISCUSSION AND VOTING UPON THAT PARTICULAR TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE SCHOOL'S LABOR AND HR MATTERS ARE REVIEWED BY REECE LEGAL COUNSEL. A REVIEW OF THE EXECUTIVE DIRECTOR'S AND CFO'S COMPENSATION AND MEDICAL BENEFITS IS CONDUCTED BY THE BOARD OF TRUSTEES' COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE ALSO REVIEWS A COMPENSATION SURVEY FOR HEALTH BENEFITS AND REGIONAL NUMBERS ISSUED BY NYSED IS CONSIDERED TO GUIDE COMPENSATION. THE BOARD CALCULATES THE EXECUTIVE SALARIES BASED ON THE RSU (RATE SETTING UNIT) METHODOLOGY AND THE EXECUTIVE COMPENSATION SURVEY, AND PUT THEIR DETERMINATION IN A FIVE-YEAR CONTRACT. THE BOARD ALSO REVIEWS THE COUNSEL'S REPORT AND VOTES ON THE RECOMMENDATION. APPROVAL OF THE FINAL DETERMINATION OF COMPENSATION FOR THE OFFICERS IS DOCUMENTED IN THE BOARD MINUTES. EVERY YEAR NYS EDUCATION DEPARTMENTS GIVES SPECIAL EDUCATION SCHOOLS WITH TREND-FACTOR (RAISE) RATES TO THE SCHOOLS TUITION. THESE RATES ARE PASSED ALONG TO EMPLOYEE COMPENSATION COSTS AS COMPENSATION RAISE METHODOLOGY. THE LAST TREND FACTOR RATES USED FOR THE COMPENSATION RAISES WAS IN 2024. |
| 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 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. |
| FORM 990, PART XI, LINE 9: | CHANGE IN THE INTEREST OF THE FOUNDATION -46,755. |
| FORM 990, PART XII, LINE 2C: | THE SCHOOL HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS SELECTION PROCESS HAS NOT CHANGED FROM PRIOR YEARS. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| THE REECE FOUNDATION CORP | |||||||||||
| 25 EAST 104TH STREET | NEW YORK | NY | 10029 | 822408511 | SUPPORT THE MISSION OF THE REECE SCHOOL | NY | 501(C)(3) | LINE 7 | THE ELLEN REECE LEGACY CORP | 0 | |
| THE ELLEN REECE LEGACY CORP | |||||||||||
| 25 EAST 104TH STREET | NEW YORK | NY | 10029 | 852586255 | OWNER OF REAL PROPERTY | NY | 501(C)(3) | LINE 12B, II | 0 | N/A | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |