2024-05-13T10:05:04-05:00 2023-06-30 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2022-07-01 132751872 DALTON SCHOOLS INC DALT 2124235200 108 EAST 89TH STREET NEW YORK NY 10128 MICHAEL HWANG CFO 2124235460 2024-05-13 1 MICHAEL HWANG 999009999 0 CANDICE METH P01306891 2129498700 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOSE MANUEL DE JESUS 108 EAST 89TH STREET NEW YORK NY 10128 118607844 0 X WWW.DALTON.ORG X 1919 NY TO PROVIDE AN EXCELLENT EDUCATION THAT MEETS EACH STUDENT'S INTERESTS, ABILITIES AND NEEDS. 27 25 645 100 12626 11376 11407279 25156404 74503350 77510848 11770353 6231965 715094 1878138 98396076 110777355 12337371 11996298 0 0 50127329 53783156 0 0 2997676 31201307 32792578 93666007 98572032 4730069 12205323 246644269 284093708 45199498 62127131 201444771 221966577 THE DALTON SCHOOL IS COMMITTED TO PROVIDING AN EXCELLENT EDUCATION THAT MEETS EACH STUDENT'S INTERESTS, ABILITIES AND NEEDS AND PROMOTES AN APPRECIATION FOR DIVERSITY IN OUR COMMUNITY AS AN INTEGRAL PART OF SCHOOL LIFE. 0 0 85337705 11996298 78888221 EDUCATIONAL INSTRUCTION FOR APPROXIMATELY 1,300 STUDENTS IN VARIOUS CLASSES FROM KINDERGARTEN THROUGH TWELFTH GRADE. 241355 MISCELLANEOUS SCHOOL ACTIVITIES 85337705 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 157 0 1 645 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL HWANG CFO 2124235460 108 EAST 89TH STREET NEW YORK NY 10128 ALAN KLEIN TRUSTEE 2.00 0.00 X 0 0 0 ALEXANDER ROBINSON TRUSTEE 2.00 0.00 X 0 0 0 ALICIN WILLIAMSON TRUSTEE 2.00 0.00 X 0 0 0 ALY JEDDY PRESIDENT 10.00 0.00 X X 0 0 0 ANGELICA ESTEVEZ TRUSTEE 2.00 0.00 X 0 0 0 ANNE-CARMENE ALMONORD TRUSTEE 2.00 0.00 X 0 0 0 ARIELA DUBLER TRUSTEE 2.00 0.00 X 0 0 0 ASHLEY SMYTH TRUSTEE 2.00 0.00 X 0 0 0 BECKA VARGUS KATZ TRUSTEE 2.00 0.00 X 0 0 0 BENJAMIN TENOVER TRUSTEE 2.00 0.00 X 0 0 0 BRUCE MENIN SECRETARY 2.00 0.00 X X 0 0 0 DAVID SAMBUR TRUSTEE 2.00 0.00 X 0 0 0 JOSE MANUEL DE JESUS HEAD OF SCHOOL 40.00 0.00 X X 613441 0 43041 DEIDRE STANLEY TRUSTEE 2.00 0.00 X 0 0 0 DURRE NABI TRUSTEE 2.00 0.00 X 0 0 0 ERICA KLEIN TRUSTEE 2.00 0.00 X 0 0 0 ISHAAN SETH TRUSTEE 2.00 0.00 X 0 0 0 JAMES SIMMONS TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER GLASSMAN TREASURER 2.00 0.00 X X 0 0 0 JOSEPH FRANKEN ALUMNI COUNCIL PRESIDENT 2.00 0.00 X 0 0 0 JUSTIN RICHARDSON TRUSTEE 2.00 0.00 X 0 0 0 LESLIE CHANG DALTON COUNCIL CHAIR 2.00 0.00 X 0 0 0 MICHELLE AWUKU-TATUM TRUSTEE 2.00 0.00 X 0 0 0 ROB SPEYER TRUSTEE 2.00 0.00 X 0 0 0 RONNIE ABRAMS TRUSTEE 2.00 0.00 X 0 0 0 SHEREE CHIOU TRUSTEE 2.00 0.00 X 0 0 0 SHIRA KOHN FACULTY REP & TEACHER 40.00 0.00 X 87868 0 37322 MICHAEL HWANG ASST HOS FOR OPERATIONS AND CFO 40.00 0.00 X 435537 0 58172 CELESTE HERRERA ASST HOS FOR ACAD ADMIN 40.00 0.00 X 443916 0 50807 GILLIAN TODD FIRST PROGRAM DIRECTOR 40.00 0.00 X 255962 0 31019 TRACY FEDONCHIK DIRECTOR OF MIDDLE SCHOOL 40.00 0.00 X 275662 0 62449 EDWARD FRISCHLING DIRECTOR OF ATHLETICS AND PE 40.00 0.00 X 337524 0 63886 ELISABETH KRENTS DIRECTOR OF ADMISSIONS 40.00 0.00 X 257540 0 62205 ELLEN C STEIN INTERIM HEAD OF SCHOOL 40.00 0.00 X 728610 0 51385 JOHN NEIERS DIRECTOR OF TECHNOLOGY 40.00 0.00 X 287298 0 47822 MARSHA YUAN DIRECTOR OF FINANCE 40.00 0.00 X 359839 0 37301 JAMES BEST FORMER HEAD OF SCHOOL 0.00 0.00 X 824000 0 473 4907197 0 545882 164 1 1 0 WIGDOR LLP 85 FIFTH AVE FL 5 NEW YORK NY 10003 LEGAL SERVICES 715000 SCHULTE ROTH & ZABEL LLP 919 THIRD AVENUE NEW YORK NY 10022 LEGAL SERVICES 221418 DEBORA TASCHER 65 BARLOW LANE RYE NY 10580 PSYCHOLOGIST 201813 JOSEPHINE DIAZ PHD 382 CENTRAL PARK WEST NEW YORK NY 10025 PSYCHOLOGIST 173125 VENABLE LLP 151 WEST 42ND STREET NEW YORK NY 10036 LEGAL SERVICES 140901 6 376278 3837590 20942536 14373713 25156404 TUITION REVENUE 611710 75916063 75916063 AFTER SCHOOL PROGRAMS 611710 955318 955318 DRIVER EDUCATION 611710 383463 383463 SUMMER SPORTS PROGRAM 611710 256004 256004 77510848 2691903 12626 2679277 368436 109026 259410 259410 259410 10941968 7401906 3540062 3540062 3540062 319557 376278 319557 0 REIMBURSED IMPROVEMENTS 900099 1000000 1000000 MISCELLANOUS SCHOOL ACTIVITIES 611710 425696 425696 MISCELLANEOUS INCOME 900099 193032 193032 1618728 110777355 79129576 12626 6478749 11996298 11996298 3341193 1617295 1436627 287271 37695681 33007986 3593318 1094377 4086039 3447637 500831 137571 5656061 4772359 693271 190431 3004182 2611152 298694 94336 656338 656338 116875 116875 94307 94307 2910447 2591152 195528 123767 3385134 2673651 296040 415443 869128 604603 209309 55216 3674127 3555313 112903 5911 2446449 2158123 253943 34383 386598 386598 5073828 4524508 392670 156650 857623 764742 66380 26501 REPAIRS AND MAINTENANCE 8016953 7161766 611312 243875 STUDENT CAFETERIA 3059853 2728576 236806 94471 RECRUITMENT 436162 388926 33759 13477 MEMBERSHIP DUES 240822 227127 7200 6495 567934 506491 43942 17501 98572032 85337705 10236651 2997676 18859781 9258024 12400475 30486843 6470612 3305478 431307 270613 1450593 801380 196118546 90240634 95721387 105877912 71974738 81795169 38734844 33341518 600532 18956771 246644269 284093708 12029636 8610431 20873534 23816805 12296328 10007153 0 19692742 45199498 62127131 X 102707402 119734511 98737369 102232066 201444771 221966577 246644269 284093708 X 12205323 9178497 -862014 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 123110057 2505736 15316153 5818454 135113492 138691899 2309462 -11800377 6090927 123110057 110683129 4534514 28609962 5135706 138691899 109294320 5820753 396511 4828455 110683129 106669887 4035425 3867669 5278661 109294320 0.32000 0.56000 0.12000 0 0 4361429 4361429 173278516 73422186 99856330 15466592 14339729 1126863 3012009 2478719 533290 105877912 OFFSHORE HEDGE FUNDS 27372298 F PRIVATE SECURITIES 5969220 F 33341518 RIGHT OF USE ASSETS 18771715 OTHER ASSSETS 185056 18956771 LEASE LIABILITY 19692742 19692742 X 107974273 9178497 109026 9287523 98686750 94307 11996298 12090605 110777355 87452467 971040 971040 86481427 94307 11996298 12090605 98572032 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF VARIOUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, CONSISTING OF BOTH BOARD DESIGNATED AND DONOR-RESTRICTED ENDOWMENT FUNDS. THE PURPOSES OF ALL OF THESE FUNDS INCLUDE SCHOLARSHIPS, STUDENT SUPPORT, FACULTY SUPPORT, AS WELL AS FACILITY UPGRADE AND MAINTENANCE. PART X, LINE 2: THE SCHOOL IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. FOR THE SCHOOL, THESE PROVISIONS COULD BE APPLICABLE TO THE INCURRENCE OF UNRELATED BUSINESS INCOME TAX ATTRIBUTABLE TO THE PASS-THROUGH INCOME AND LOSSES ON ITS ALTERNATIVE INVESTMENTS. BECAUSE OF THE SCHOOL'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT ANTICIPATED TO HAVE, A MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE NETTED AGAINST REVENUE PER FORM 990 109,026. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE PER FINANCIAL STATEMENTS AND REPORTED AS PART OF EXPENSES IN FORM 990. 11,996,298. PART XII, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN RESERVE OF UNCOLLECTIBLE PLEDGES REPORTED AS "OTHER CHANGES IN NET ASSETS" ON FORM 990, PART XI, LINE 9. 862,014. RENTAL EXPENSE NETTED AGAINST REVENUE PER FORM 990 109,026. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE PER FINANCIAL STATEMENTS AND REPORTED AS PART OF EXPENSES IN FORM 990. 11,996,298. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENTS AND SCHOOL PUBLICATIONS WHICH MAY BE INSPECTED AT THE SCHOOL'S PREMISES. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES AN ANNUAL GRANT FROM NYS MANDATED SERVICES. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 22509813 0 0 0 0 0 0 22509813 0 22509813 1 0 0 0 1 0 PART I, LINE 3: AMOUNT REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. PART III ACCOUNTING METHOD: DALTON BENEFIT 695835 376278 319557 319557 695835 376278 319557 319557 319557 0 1 FINANCIAL AID PROVIDED TO STUDENTS 247 11996298 FMV TUITION REDUCTION PART I, LINE 2: THE FINANCIAL AID COMMITTEE REVIEWS ALL APPLICATIONS FOR FINANCIAL AID. AFTER REVIEW OF APPLICATIONS, THE COMMITTEE DETERMINES THE AMOUNT OF AID THAT IS APPROPRIATE. THE COMMITTEE IS MADE UP OF SENIOR MANAGEMENT AND STAFF SUPPORT. ALL GRANTS OR FINANICAL AID ARE AUTOMATICALLY APPLIED TO TUITION. X 1 1 X X X X 1 1 0 0 0 0 0 0 0 JAMES BEST FORMER HEAD OF SCHOOL 0 0 0 0 824000 0 0 0 473 0 824473 0 0 0 ELLEN C STEIN INTERIM HEAD OF SCHOOL 728610 0 0 0 0 0 32533 0 18852 0 779995 0 0 0 JOSE MANUEL DE JESUS HEAD OF SCHOOL 613441 0 0 0 0 0 27450 0 15591 0 656482 0 0 0 CELESTE HERRERA ASST HOS FOR ACAD ADMIN 443916 0 0 0 0 0 34567 0 16240 0 494723 0 0 0 MICHAEL HWANG ASST HOS FOR OPERATIONS AND CFO 435537 0 0 0 0 0 27450 0 30722 0 493709 0 0 0 EDWARD FRISCHLING DIRECTOR OF ATHLETICS AND PE 337524 0 0 0 0 0 33271 0 30615 0 401410 0 0 0 MARSHA YUAN DIRECTOR OF FINANCE 359839 0 0 0 0 0 25492 0 11809 0 397140 0 0 0 TRACY FEDONCHIK DIRECTOR OF MIDDLE SCHOOL 275662 0 0 0 0 0 31757 0 30692 0 338111 0 0 0 JOHN NEIERS DIRECTOR OF TECHNOLOGY 287298 0 0 0 0 0 32102 0 15720 0 335120 0 0 0 ELISABETH KRENTS DIRECTOR OF ADMISSIONS 257540 0 0 0 0 0 31309 0 30896 0 319745 0 0 0 GILLIAN TODD FIRST PROGRAM DIRECTOR 255962 0 0 0 0 0 29283 0 1736 0 286981 0 0 0 PART I, LINES 4A-B FORMER HEAD OF SCHOOL RECEIVED A SEVERANCE PAYMENT DURING CALENDAR YEAR 2022. SCHEDULE J, PARTS I AND II COMPENSATION OF OFFICERS AND KEY EMPLOYEES WERE REVIEWED BY THE BOARD OF TRUSTEES USING COMPARABLE DATA AND CERTAIN OUTSIDE ORGANIZATIONS. THE HEAD OF SCHOOL'S COMPENSATION INCLUDED A HOUSING ALLOWANCE OF $67,500. THE SCHOOL MAINTAINS A DEFERRED COMPENSATION PLAN UNDER SECTION 457(B) OF THE INTERNAL REVENUE CODE FOR ITS KEY EMPLOYEES. THE SCHOOL DID NOT CONTRIBUTE TO THE 457(B) PLAN DURING CALENDAR YEAR 2022. X 42 373713 PUBLISHED MARKET QUOTES X 1 14000000 APPRAISED VALUE 0 1 1 PART I, COLUMN (B): REPRESENTS THE NUMBER OF CONTRIBUTIONS BY DONORS TO THE SCHOOL DURING THE FISCAL-YEAR. PART I, LINE 32B: THE SCHOOL ENGAGES AN OUTSIDE BROKER TO SELL DONATED SECURITIES ON THEIR BEHALF. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE AUDIT COMMITTEE. UPON APPROVAL, A NOTIFICATION IS SENT TO THE BOARD OF TRUSTEES, AND THE DRAFT OF THE FORM 990 IS DISTRIBUTED FOR A DETERMINED PERIOD OF TIME ON THE SECURE DALTON BOARD OF TRUSTEES INTRANET-SITE AND IS THEN APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE ASKED TO COMPLETE A FORMAL CONFLICT OF INTEREST FORM/QUESTIONNAIRE. THIS IS DONE ONCE A YEAR. THE FORMS ARE KEPT BY THE HEAD OF SCHOOL. THE HEAD OF SCHOOL AND THE COMPLETE BOARD REVIEW THE FORMS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL WAS REVIEWED BY THE BOARD USING COMPARABLE DATA FOR BENCHMARKING PURPOSES. THE SCHOOL'S COMMITTEE ON ADMINISTRATIVE COMPENSATION AND EQUITY ("CACE") REVIEWS ALL SALARIES OF ADMINISTRATIVE STAFF AT THE END OF EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND THE FINANCIAL STATEMENTS ARE AVAILABLE AT THE OFFICES OF THE DALTON SCHOOL UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS - INCREASE RESERVE FOR UNCOLLECTIBLE PLEDGES -862,014.