2025-04-25T19:18:10-05:00 2024-06-30 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2023-07-01 111630821 POLY PREP COUNTRY DAY SCHOOL POLY 7188369800 1 POLY PREP DRIVE BROOKLYN NY 11228 LYNDA CASARELLA CFO 7188369800 2025-05-15 1 1 MATTHEW PETROSKI P00853132 9257902600 2025-04-25 2023 2025-03-06 01:10:19Z JOHN RANKIN 1 POLY PREP DRIVE BROOKLYN NY 11228 90600628 0 X WWW.POLYPREP.ORG X 1854 NY THROUGH A PROGRESSIVE LIBERAL ARTS CURRICULUM AND AN ENRICHING CO-CURRICULAR PROGRAM, THE SCHOOL EDUCATES THE WHOLE STUDENT: MIND, BODY AND, ABOVE ALL CHARACTER. 17 17 441 100 210956 209956 6949364 6959355 65477315 70167246 670353 2286112 -107502 714998 72989530 80127711 10702193 11872269 0 0 37799066 40745310 0 0 2045332 24402344 26534311 72903603 79151890 85927 975821 196401369 206612106 87595748 99739968 108805621 106872138 TO PREPARE AND INSPIRE THE NEXT DIVERSE GENERATION OF LEADERS AND GLOBAL CITIZENS TO ACT WITH INTELLIGENCE, IMAGINATION, AND - ABOVE ALL - CHARACTER. WE EMPHASIZE ETHICAL DECISION-MAKING, PERSONAL RESPONSIBILITY, DEDICATED EFFORT, HONESTY, AND INTEGRITY. 0 0 62246077 11872269 70220896 THE SCHOOL PROVIDES ACADEMIC AND OTHER RELATED ACTIVITIES TO STUDENTS IN VARIOUS CLASSES FROM NURSERY THROUGH GRADE TWELVE. THE SCHOOL OPERATES AT TWO LOCATIONS IN BROOKLYN, NEW YORK. THE LOWER SCHOOL IS LOCATED IN PARK SLOPE AND SERVES APPROXIMATELY 250 CHILDREN FROM NURSERY THROUGH GRADE 4. THE MIDDLE AND UPPER SCHOOL, SITUATED ON A 25 ACRE CAMPUS IN DYKER HEIGHTS, SERVICES APPROXIMATELY 900 CHILDREN IN GRADES 5 THROUGH 12. 62246077 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 143 0 1 441 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X LYNDA CASARELLA CFO 7188369800 1 POLY PREP DRIVE BROOKLYN NY 11228 ANDREW FOOTE BOARD CHAIR 2.00 X X 0 0 0 LAURIE ROSENBLATT BOARD VICE CHAIR 2.00 X X 0 0 0 KAREEM RAYMOND BOARD TREASURER 2.00 X X 0 0 0 JENNIFER POWERS BOARD SECRETARY 2.00 X X 0 0 0 INDHIRA ARRINGTON TRUSTEE 2.00 X 0 0 0 MICHAEL CORRERA TRUSTEE 2.00 X 0 0 0 JOHN FOLEY TRUSTEE 2.00 X 0 0 0 JERRY HEDGLIN TRUSTEE 2.00 X 0 0 0 HANS HUMES TRUSTEE 2.00 X 0 0 0 THOMAS IANNELLI TRUSTEE 2.00 X 0 0 0 TAEK-GEUN KWON TRUSTEE 2.00 X 0 0 0 MICHAEL LIBURD TRUSTEE 2.00 X 0 0 0 JOHN MCPHETERS TRUSTEE 2.00 X 0 0 0 ELIZABETH SCHLESINGER TRUSTEE 2.00 X 0 0 0 IRWIN SIMON TRUSTEE 2.00 X 0 0 0 DANIELA VITALE-HOWELL TRUSTEE 2.00 X 0 0 0 MAX WILEY TRUSTEE 2.00 X 0 0 0 KYLE GRAHAM ASSOC. HOS, ENROLL. MGMT (THRU 04/24) 40.00 X 446925 0 121640 LYNDA CASARELLA CHIEF FINANCIAL OFFICER 40.00 X 333192 0 24307 JOHN RANKIN INTERIM HEAD OF SCHOOL 40.00 X 276251 0 27561 PEGGY COOK CHIEF ADV. OFFICER (THRU 12/23) 40.00 X 220516 0 40696 REBEKAH SOLLITTO ASSISTANT HOS, STRATEGIC INIT. 40.00 X 252131 0 173147 FRANCIS YASHARIAN HEAD OF LOWER SCHOOL 40.00 X 187892 0 69499 MATT STELLUTO HEAD OF OPERATIONS 40.00 X 213279 0 15050 MICHAL HERSHKOVITZ ASSISTANT HOS, ACADEMICS 40.00 X 220000 0 15400 VINCENT RUTUELO DIR. SAFETY & SECURITY (THRU 11/23) 40.00 X 163033 0 11545 RICHARD CORSO DIRECTOR OF ATHLETICS 40.00 X 174337 0 11688 KRISTEN DENAVER DIRECTOR OF BUSINESS OPERATIONS, FIN 40.00 X 175762 0 34904 CAROLYN QUIGLEY DIRECTOR OF EXTERNAL LEARNING 40.00 X 151933 0 48404 CHARLES POLIZANO HEAD OF TECHNOLOGY 40.00 X 164085 0 49277 AUDRIUS BARZDUKAS HEAD OF SCHOOL (THRU 06/23) 40.00 X 1170853 0 59300 4150189 0 702418 100 1 1 0 BENCHMARK BUILDERS LLC 469 SEVENTH AVE SUITE 501 NEW YORK NY 10018 CONSTRUCTION AND REPAIRS 5026500 DIMINO BUS SERVICE INC 1040 ROCKAWAY AVENUE BROOKLYN NY 11236 BUSING 2881729 CATER TO YOU 120 BROADWAY SUITE 1020 NEW YORK NY 10271 CATERING 2231856 SEYFARTH SHAW LLP 3807 COLLECTIONS CENTER DR CHICAGO IL 60693 LEGAL 946989 CADWALADER WICKERSHAM & TAFT LLP 200 LIBERTY STREET NEW YORK NY 10281 LEGAL 764588 30 1884374 5074981 187921 6959355 TUITION INCOME 611710 67009131 67009131 AUXILIARY ACTIVITIES 611710 2414229 2414229 STUDENT FEES 611710 577655 577655 OTHER PROGRAM ACTIVITI 611710 166231 166231 70167246 2042500 210956 1831544 52075 17250 34825 34825 34825 10699279 10455648 19 243631 -19 243612 243612 26523 0 26523 26523 LEGAL FEE REIMBURSEMEN 900099 600000 600000 MISCELLANEOUS INCOME 900099 53650 53650 653650 80127711 70220896 210956 2736504 11872269 11872269 3727525 3727525 28168912 21814361 5120615 1233936 1519174 1250438 182360 86376 5180178 4117326 866250 196602 2149521 1527665 528137 93719 2514252 415450 2098802 49500 49500 96034 96034 1080336 308178 746211 25947 1376801 1001151 275187 100463 722471 657449 65022 1645621 1481059 148106 16456 363335 286780 50608 25947 207740 126941 31735 49064 727429 654686 65469 7274 5104873 4594385 459439 51049 799843 719859 71986 7998 BUSING 4111804 4111804 BOOKS AND INSTRUCTIONAL 3296002 3296002 FOOD SERVICE 2880096 2607918 137259 134919 REPAIRS AND MAINTENANCE 1558174 1402356 140236 15582 79151890 62246077 14860481 2045332 29807747 21760417 20013571 12882700 4898538 3852028 33119686 39771575 523522 475362 147970072 54919230 75447939 93050842 20054728 23564880 12535638 11254302 196401369 206612106 4676228 5119321 56043996 64427895 26875524 25692752 0 4500000 87595748 99739968 X 73764679 76419839 35040942 30452299 108805621 106872138 196401369 206612106 X 975821 3490696 -6400000 X 0 1 X 1 0 X 5682492 11468853 11729446 6949364 6959355 42789510 5682492 11468853 11729446 6949364 6959355 42789510 5084825 37704685 975668 531667 638352 1049459 1883619 5078765 148909 209956 358865 265231 223533 207193 37298 680173 1413428 49640568 315157383 0.75960 0.75960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33071047 145775 4340089 1500000 36056911 32425828 307858 2337361 2000000 33071047 35885261 166225 -2875658 750000 32425828 33960006 55600 3872295 2002640 35885261 31857705 2210422 391879 500000 33960006 0.35443 0.46359 0.18198 0 0 10453745 10453745 109899829 51860829 58039000 13271212 3058401 10212811 14345286 14345286 93050842 CORPORATE BONDS 7077928 F HEDGE FUND 3026746 F REAL ESTATE FUND 1149628 F 11254302 EXTRAORDINARY NON-OPERATING LIABILITY 4500000 4500000 X 70512256 3490696 17250 3507946 67004310 96034 13027367 13123401 80127711 72445739 6017250 6017250 66428489 96034 12627367 12723401 79151890 PART V, LINE 4: USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE SCHOOL'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, CONSISTING OF THE BOARD DESIGNATED AND DONOR RESTRICTED FUNDS. THE PURPOSES OF ALL OF THESE FUNDS INCLUDE SCHOLARSHIPS, FACULTY SUPPORT, AS WELL AS FACILITY MAINTENANCE. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND FROM STATE AND LOCAL INCOME TAXES UNDER COMPARABLE LAWS. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2024. THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 17,250. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 12,627,367. LOSS ON UNCOLLECTABLE PLEDGES 400,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 17,250. EXTRAORDINARY NON-OPERATING EXPENSE 6,000,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 12,627,367. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S POLICY IS ADEQUATELY DESCRIBED IN VARIOUS PUBLICATIONS DISTRIBUTED BY THE SCHOOL AND AVAILABLE TO THE GENERAL PUBLIC. THERE IS ALSO A LINK OF THE NONDISCRIMINATORY POLICY ON THE ORGANIZATION'S WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FINANCIAL ASSISTANCE FROM THE NEW YORK STATE EDUCATION DEPARTMENT. 1 0 0 FINANCIAL AID 244 11145775 FMV DIRECT CREDIT TO STUDENT ACCOUNT OTHER ASSISTANCE TO STUDENTS - SPRING & INTERNATIONAL TRIPS, ENRICHMENT, SUMMER ENRICHMENT 228 726494 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: FAMILIES SEEKING FINANCIAL AID, IN ORDER TO DEFRAY THE COSTS OF TUITION, PROVIDED CERTAIN PERSONAL FINANCIAL DATA TO AN INDEPENDENT REVIEW ORGANIZATION. BASED ON THESE RESULTS, THE SCHOOL'S OFFICE OF FINANCIAL AID AWARDS SCHOLARSHIPS TO APPLICANTS WHO QUALIFY UNDER THE GUIDELINES ESTABLISHED BY THE TRUSTEES OF THE SCHOOL IN THE FORM OF NONCASH REDUCTIONS IN THE APPLICANTS' ANNUAL TUITION. X 1 1 X X X X X X 1 1 0 0 0 0 0 0 0 AUDRIUS BARZDUKAS HEAD OF SCHOOL (THRU 06/23) 593203 0 200000 0 377650 0 24597 0 34703 0 1230153 0 0 0 KYLE GRAHAM ASSOC. HOS, ENROLL. MGMT (THRU 04/24 386925 0 0 0 60000 0 23638 0 98002 0 568565 0 0 0 REBEKAH SOLLITTO ASSISTANT HOS, STRATEGIC INIT. 252131 0 0 0 0 0 18445 0 154702 0 425278 0 0 0 LYNDA CASARELLA CHIEF FINANCIAL OFFICER 303192 0 0 0 30000 0 21222 0 3085 0 357499 0 0 0 JOHN RANKIN INTERIM HEAD OF SCHOOL 276251 0 0 0 0 0 16183 0 11378 0 303812 0 0 0 PEGGY COOK CHIEF ADV. OFFICER (THRU 12/23) 220516 0 0 0 0 0 16100 0 24596 0 261212 0 0 0 FRANCIS YASHARIAN HEAD OF LOWER SCHOOL 187892 0 0 0 0 0 14073 0 55426 0 257391 0 0 0 MICHAL HERSHKOVITZ ASSISTANT HOS, ACADEMICS 220000 0 0 0 0 0 15400 0 0 0 235400 0 0 0 MATT STELLUTO HEAD OF OPERATIONS 213279 0 0 0 0 0 15050 0 0 0 228329 0 0 0 CHARLES POLIZANO HEAD OF TECHNOLOGY 164085 0 0 0 0 0 12425 0 36852 0 213362 0 0 0 KRISTEN DENAVER DIRECTOR OF BUSINESS OPERATIONS, FIN 175762 0 0 0 0 0 13120 0 21784 0 210666 0 0 0 CAROLYN QUIGLEY DIRECTOR OF EXTERNAL LEARNING 151933 0 0 0 0 0 11552 0 36852 0 200337 0 0 0 RICHARD CORSO DIRECTOR OF ATHLETICS 174337 0 0 0 0 0 11688 0 0 0 186025 0 0 0 VINCENT RUTUELO DIR. SAFETY & SECURITY (THRU 11/23) 163033 0 0 0 0 0 11545 0 0 0 174578 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES HOUSING FOR THE HOS, CHIEF ADVANCEMENT OFFICER AND HEAD OF ATHLETICS. THESE ARE INCLUDED IN TAXABLE WAGES. PART I, LINES 4A-B IN CALENDAR YEAR 2023, AUDRIUS BARZDUKAS, HEAD OF SCHOOL RECEIVED A SEVERANCE PAYMENT OF $377,650. THE SCHOOL MAINTAINS A 457(F) PLAN FOR THE HEAD OF SCHOOL. THERE WERE NO CONTRIBUTIONS MADE TO THE PLAN DURING THE YEAR. THERE WERE NO DISTRIBUTIONS IN CALENDAR YEAR 2023. X 1 80058 APPRAISAL X 12 107863 FMV 1 0 1 1 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE SCHOOL WILL HIRE A THIRD PARTY TO SELL DONATED BOOKS. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S DRAFT 990 IS REVIEWED BY A COMMITTEE OF THE BOARD BEFORE FILING. THE BOARD RECEIVED A PUBLIC DISCLOSURE COPY OF THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE ASKED TO COMPLETE A FORMAL CONFLICT-OF-INTEREST FORM/QUESTIONNAIRE. THIS IS DONE AT EACH YEAR'S FIRST BOARD MEETING AND MONITORED TO ASSURE COMPLIANCE. EACH TRUSTEE, OFFICER AND KEY PERSON OF THE SCHOOL SHALL PROMPTLY DISCLOSE ANY DIRECT OR INDIRECT FINANCIAL OR ANY OTHER INTEREST IN ANY PROPOSED OR EXISTING ARRANGEMENT WITH THE SCHOOL PRIOR TO THE START OF ANY NEGOTIATIONS WITH RESPECT TO SUCH MATTER. A DIRECT OR INDIRECT FINANCIAL INTEREST OR ANY OTHER INTEREST REQUIRED TO BE DISCLOSED UNDER THIS POLICY SHALL BE DISCLOSED IN WRITING TO THE CHAIRPERSON OF THE BOARD; SUCH DISCLOSURE SHALL INCLUDE ALL MATERIAL FACTS AND SUPPLY ANY REASON WHY THE ARRANGEMENT MIGHT BE OR NOT BE IN THE BEST INTEREST OF THE SCHOOL. THE CHAIRPERSON OF THE BOARD SHALL REFER THE ISSUE TO THE FULL BOARD, THE EXECUTIVE COMMITTEE, OR OTHER BOARD COMMITTEE HAVING DECISION-MAKING AUTHORITY OVER THE SUBSTANTIVE MATTER IN QUESTION (THE "COMMITTEE"). FOR EACH INTEREST DISCLOSED, THE BOARD OR COMMITTEE WILL DETERMINE WHETHER TO: A) TAKE ANY ACTION; B) ASSURE FULL DISCLOSURE TO THE BOARD AND OTHER INDIVIDUALS COVERED BY THE POLICY, C) ASK THE PERSON TO RECUSE HIMSELF OR HERSELF FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE BOARD, OR D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION; OR, IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE BOARD'S REMOVAL PROCEDURES. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A TRUSTEE, OFFICER OR KEY PERSON HAS FAILED TO DISCLOSE A DIRECT OR INDIRECT FINANCIAL OR ANY OTHER INTEREST SUBJECT TO THIS POLICY, IT SHALL INFORM THE TRUSTEE, OFFICER OR KEY PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE TRUSTEE, OFFICER OR KEY PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF SUCH INDIVIDUAL AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE TRUSTEE, OFFICER OR KEY PERSON HAS IN FACT FAILED TO DISCLOSE A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST SUBJECT TO THIS POLICY, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA IS ASCERTAINED THROUGH NEW YORK STATE ASSOCIATION OF INDEPENDENT SCHOOL DATABASES AND REPORTED TO THE COMPENSATION COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE AT THE OFFICES OF POLY PREP COUNTY DAY SCHOOL. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTABLE PLEDGES -400,000. EXTRAORDINARY NON-OPERATING EXPENSE -6,000,000.