2023-03-02T13:12:31-06:00 2022-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2021-07-01 111630821 POLY PREP COUNTRY DAY SCHOOL POLY 7188369800 1 POLY PREP DRIVE BROOKLYN NY 11228 LYNDA CASARELLA CFO 7188369800 2023-03-01 1 LYNDA CASARELLA 999009999 MATTHEW PETROSKI P00853132 9257902600 2023-03-01 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z AUDRIUS BARZDUKAS 1 POLY PREP DRIVE BROOKLYN NY 11228 88361288 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. 25 24 687 100 0 0 11468853 11729446 58456486 63219492 3973274 1207652 225101 219928 74123714 76376518 10015443 10042383 0 0 32869096 33905946 0 0 2151537 19360716 23766402 62245255 67714731 11878459 8661787 168140721 174200532 66169493 67812723 101971228 106387809 THE SCHOOL'S MISSION IS TO PREPARE STUDENTS TO SUCCEED IN COLLEGE AND LIFE AS OUTSTANDING LEADERS, INCISIVE THINKERS, AND EXEMPLARY CITIZENS. 0 0 54379106 10042383 63421880 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 255 CHILDREN FROM NURSERY THROUGH GRADE 4. THE MIDDLE AND UPPER SCHOOL, SITUATED ON A 25 ACRE CAMPUS IN DYKER HEIGHTS, SERVICES APPROXIMATELY 890 CHILDREN IN GRADES 5 THROUGH 12. 54379106 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 102 0 1 687 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 24 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 ARNOLD MASCALI BOARD VICE CHAIR 2.00 X X 0 0 0 ROBIN BRAMWELL-STEWART BOARD TREASURER 2.00 X X 0 0 0 CASSANDRA METZ BOARD SECRETARY 2.00 X X 0 0 0 INDHIRA ARRINGTON TRUSTEE 2.00 X 0 0 0 JEANNE CLOPPSE TRUSTEE 2.00 X 0 0 0 MICHAEL CORRERA TRUSTEE 2.00 X 0 0 0 NICHOLAS GRAVANTE ESQ TRUSTEE 2.00 X 0 0 0 GARRY HANNA ESQ 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 SANG LEE TRUSTEE 2.00 X 0 0 0 MICHAEL LIBURD TRUSTEE 2.00 X 0 0 0 STEPHEN MAHARAM TRUSTEE 2.00 X 0 0 0 JENNIFER POWERS TRUSTEE 2.00 X 0 0 0 JENNIFER RAMBERG TRUSTEE 2.00 X 0 0 0 KAREEM RAYMOND TRUSTEE 2.00 X 0 0 0 LAURIE ROSENBLATT TRUSTEE 2.00 X 0 0 0 WADE SAADI JR 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 ELIZABETH WIATT TRUSTEE 2.00 X 0 0 0 MAX WILEY TRUSTEE 2.00 X 0 0 0 AUDRIUS BARZDUKAS HEAD OF SCHOOL 40.00 X 950828 0 97350 KYLE GRAHAM ASSOCIATE HOS, ENROLLMENT 40.00 X 260474 0 69974 LYNDA CASARELLA CHIEF FINANCIAL OFFICER 40.00 X 238871 0 26832 PEGGY COOK CHIEF ADVANCEMENT OFFICER 40.00 X 200867 0 40977 REBEKAH SOLLITTO ASST. HOS, STRATEGIC INITIATIVES 40.00 X 189300 0 44334 FRANCIS YASHARIAN HEAD OF LOWER SCHOOL 40.00 X 174219 0 36377 MATT STELLUTO HEAD OF OPERATIONS 40.00 X 193816 0 15625 MICHAL HERSHKOVITZ ASSISTANT HOS, ACADEMICS 40.00 X 202000 0 26070 VINCENT RUTUELO DIRECTOR OF SAFETY & SECUR 40.00 X 160408 0 11159 RICHARD CORSO DIRECTOR OF ATHLETICS 40.00 X 149760 0 41768 KRISTEN DENAVER DIRECTOR OF BUSINESS OPERATIONS 40.00 X 166015 0 36691 CAROYLN QUIGLEY DIRECTOR OF EXTERNAL LEARNING 40.00 X 149185 0 44445 JOHN RANKIN INTERDISCIPLINARY STUDIES FACULTY 40.00 X 159230 0 25370 HUNG BUI ASSOCIATE HOS/ COO (FORMER) 0.00 X 116550 0 0 3311523 0 516972 77 1 1 0 DIMINO BUS SERVICE INC 1040 ROCKAWAY AVENUE BROOKLYN NY 11236 BUSING 3041456 CATER TO YOU 665 BROADWAY SUITE 503 NEW YORK NY 10012 FOOD FOR SCHOOL 1848585 SAGE AND COOMBE ARCHITECTS LLP 12-16 VESTRY STREET 5TH FLOOR NEW YORK NY 10013 CONSTRUCTION AND REPAIRS 1087816 TITAN CONTRACTING CORP TOTAL I WORLD TRADE CENTER ST 8500 NEW YORK NY 10007 CONSTRUCTION AND REPAIRS 1033543 SEYFARTH SHAW LLP 3807 COLLECTIONS CENTER DR CHICAGO IL 60693 LEGAL SERVICES 635450 29 1135623 10593823 864276 11729446 TUITION INCOME 611710 59751516 59751516 AUXILIARY ACTIVITIES 611710 2920085 2920085 STUDENT FEES 611710 388663 388663 OTHER PROGRAM ACTIVITI 611710 159228 159228 63219492 601592 601592 18380 5645 12735 12735 12735 12585185 11979125 606060 606060 606060 4805 0 4805 4805 TIAA REVENUE SHARING 900099 169192 169192 MISCELLANEOUS INCOME 900099 33196 33196 202388 76376518 63421880 0 1225192 10042383 10042383 2893597 2610272 283325 23739377 18772560 4104476 862341 1375760 988826 318787 68147 4036333 3276450 636375 123508 1860879 1282713 492318 85848 1576271 393428 1182843 68250 68250 186829 186829 530331 20290 341274 168767 1142771 707858 229431 205482 845176 760658 76066 8452 3328878 2995990 299599 33289 301827 226255 39927 35645 517622 465860 46586 5176 3919433 3527490 352749 39194 637887 574098 57410 6379 BUSING 3685892 3685892 STUDENT PROGRAMS AND AC 3479744 3479744 FOOD SERVICE 2588775 2246322 118228 224225 BOOKS AND INSTRUCTIONAL 635732 635732 320984 296557 22668 1759 67714731 54379106 11184088 2151537 10218688 22370173 31732574 16108087 1958139 5043933 31020824 33959303 482826 470877 113860950 48256584 58903485 65604366 13311430 12452777 20512755 18191016 168140721 174200532 4289223 5078278 53322301 54165050 8557969 8569395 66169493 67812723 X 71738970 72647097 30232258 33740712 101971228 106387809 168140721 174200532 X 8661787 -3967423 -277783 X 0 1 X 1 0 X 4377858 4317643 5682492 11468853 11729446 37576292 4377858 4317643 5682492 11468853 11729446 37576292 5963394 31612898 850566 1324112 975668 531667 619972 4301985 455510 197548 265231 223533 202388 1344210 43222487 281457762 0.73140 0.72070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35885261 166225 -2875658 750000 32425828 33960006 55600 3872295 2002640 35885261 31857705 2210422 391879 500000 33960006 31069726 157741 2015053 1384815 31857705 29055664 1166003 1848059 1000000 31069726 0.35782 0.50151 0.14067 0 0 7078745 7078745 93808192 46020163 47788029 10500190 2236421 8263769 2473823 2473823 65604366 CORPORATE BONDS 15006075 F HEDGE FUND 2075761 F REAL ESTATE FUND 1109180 F 18191016 X 61459644 -3967423 -10825122 -14792545 76252189 124329 124329 76376518 57043063 5645 5645 57037418 124329 10552984 10677313 67714731 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, 2022. THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION -10,552,984. LOSS ON UNCOLLECTABLE PLEDGES -277,783. RENT EXPENSE 5,645. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 5,645. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 10,552,984. 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 FINANCIAL AID 237 10042383 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 1 1 0 0 0 0 0 1 0 AUDRIUS BARZDUKAS HEAD OF SCHOOL 609637 0 125000 0 216191 0 71350 0 26000 0 1048178 0 216191 0 KYLE GRAHAM ASSOCIATE HOS, ENROLLMENT 260474 0 0 0 0 0 36500 0 33474 0 330448 0 0 0 LYNDA CASARELLA CHIEF FINANCIAL OFFICER 228871 0 10000 0 0 0 26750 0 82 0 265703 0 0 0 PEGGY COOK CHIEF ADVANCEMENT OFFICER 200867 0 0 0 0 0 14492 0 26485 0 241844 0 0 0 REBEKAH SOLLITTO ASST. HOS, STRATEGIC INITIATIVES 179300 0 10000 0 0 0 12656 0 31678 0 233634 0 0 0 MICHAL HERSHKOVITZ ASSISTANT HOS, ACADEMICS 202000 0 0 0 0 0 26070 0 0 0 228070 0 0 0 FRANCIS YASHARIAN HEAD OF LOWER SCHOOL 174219 0 0 0 0 0 13043 0 23334 0 210596 0 0 0 MATT STELLUTO HEAD OF OPERATIONS 193816 0 0 0 0 0 13632 0 1993 0 209441 0 0 0 KRISTEN DENAVER DIRECTOR OF BUSINESS OPERATIONS 166015 0 0 0 0 0 12035 0 24656 0 202706 0 0 0 CAROYLN QUIGLEY DIRECTOR OF EXTERNAL LEARNING 144185 0 5000 0 0 0 10836 0 33609 0 193630 0 0 0 RICHARD CORSO DIRECTOR OF ATHLETICS 149760 0 0 0 0 0 11196 0 30572 0 191528 0 0 0 JOHN RANKIN INTERDISCIPLINARY STUDIES FACULTY 159230 0 0 0 0 0 11423 0 13947 0 184600 0 0 0 VINCENT RUTUELO DIRECTOR OF SAFETY & SECUR 160408 0 0 0 0 0 11159 0 0 0 171567 0 0 0 HUNG BUI ASSOCIATE HOS/ COO (FORMER) 0 0 0 0 116550 0 0 0 0 0 116550 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES HOUSING FOR THE HOS, CHIEF ADVANCEMENT OFFICER AND HEAD OF ATHLETICS. NO GROSS UP PAYMENTS ARE REQUIRED. THESE ARE INCLUDED IN TAXABLE WAGES. PART I, LINES 4A-B THE SCHOOL PAID SEVERANCE OF $116,550 TO FORMER ASSISTANT HEAD OF SCHOOL. THE SCHOOL MAINTAINS A 457F PLAN FOR THE HEAD OF SCHOOL. IN JUNE 2021, A CONTRIBUTION OF $50,000 WAS MADE TO THE PLAN DURING THE YEAR. A DISTRIBUTION OF $216,191 WAS MADE IN TAX YEAR 2021. PART I, LINE 7 THE BOARD OF TRUSTEES AWARDED A NON-FIXED DISCRETIONARY BONUS OF $125,000 TO AUDRIUS BARZDUKAS, HEAD OF SCHOOL. THE HEAD OF SCHOOL AWARDED A NON-FIXED DISCRETIONARY BONUS OF $10,000 BONUS TO LYNDA CASARELLA, CHIEF FINANCIAL OFFICER, A $10,000 BONUS TO REBEKAH SOLLITTO, ASSISTANT HEAD OF SCHOOL, AND A $5,000 BONUS TO CAROLYN QUIGLEY, DIRECTOR OF EXTERNAL LEARNING, DURING THE YEAR. THESE DECISIONS ARE MADE ON AN ANNUAL BASIS. HOLLY E HANNA SPOUSE OF CURRENT TRUSTEE OF THE SCHOOL 39626 EMPLOYMENT 0 X 20 848326 FMV X COVID TESTS 1 10000 FMV X OFFICE CHAIRS 1 5950 FMV 0 0 1 1 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE, AND 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 -277,783.