2023-05-14T08:37:38-05:00 2022-06-30 135565207 KPMG LLP 1601 MARKET STREET PHILADELPHIA PA 19103 990 2021-07-01 135562167 BANK STREET COLLEGE OF EDUCATION BANK 2128754400 610 WEST 112TH STREET NEW YORK NY 100251120 APARNA MURALIDHARAN CFO 2128754400 2023-05-12 1 APARNA MURALIDHARAN 999009999 TESS FANNING P02033722 2672567000 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z SHAEL POLAKOW-SURANSKY 610 WEST 112TH STREET NEW YORK NY 100251120 76454189 0 X WWW.BANKSTREET.EDU X 1931 NY BANK STREET COLLEGE OF EDUCATION IS AN INDEPENDENT CO-EDUCATIONAL INSTITUTION. SEE SCHEDULE O. 32 31 784 1000 0 0 20549952 13302839 47853585 53471900 4435662 1387407 429960 568371 73269159 68730517 11516075 16629617 0 0 42412362 44106636 0 0 2645262 16779570 17029561 70708007 77765814 2561152 -9035297 101176489 88772006 39742059 39968170 61434430 48803836 X BANK STREET COLLEGE OF EDUCATION IS AN INDEPENDENT CO-EDUCATIONAL INSTITUTION. FOR MORE INFORMATION, SEE SCHEDULE O.THE MISSION OF BANK STREET COLLEGE IS TO IMPROVE THE EDUCATION OF CHILDREN AND THEIR TEACHERS BY APPLYING TO THE EDUCATION PROCESS ALL AVAILABLE KNOWLEDGE ABOUT LEARNING AND GROWTH, AND BY CONNECTING TEACHING AND LEARNING MEANINGFULLY TO THE OUTSIDE WORLD. IN SO DOING, WE SEEK TO STRENGTHEN NOT ONLY INDIVIDUALS, BUT THE COMMUNITY AS WELL, INCLUDING FAMILY, SCHOOL, AND THE LARGER SOCIETY IN WHICH ADULTS AND CHILDREN, IN ALL THEIR DIVERSITY, INTERACT AND LEARN. WE SEE IN EDUCATION THE OPPORTUNITY TO BUILD A BETTER SOCIETY. 0 0 23776664 8106216 26747105 SCHOOL FOR CHILDREN - BANK STREET HAS BEEN SERVING STUDENTS FOR 100 YEARS BY PROVIDING HIGH QUALITY EARLY CHILDHOOD PROGRAMS WHICH INCLUDE AN INDEPENDENT PROGRESSIVE SCHOOL FOR CHILDREN, AN ONSITE FAMILY CENTER AND AFTER SCHOOL AND SUMMER CAMP PROGRAMS. THE FAMILY CENTER, THE SCHOOL FOR CHILDREN, AFTER SCHOOL AND SUMMER CAMP ARE REFERRED TO AS CHILDREN'S PROGRAMS AT BANK STREET, AND ARE ADMINISTERED BY THE DEAN OF CHILDREN'S PROGRAMS. 22431518 7704188 22387329 GRADUATE SCHOOL - BANK STREET'S GRADUATE SCHOOL OF EDUCATION OFFERS MASTER'S PROGRAMS THAT INTEGRATE DIRECT EXPERIENCE WITH CHILDREN, TEACHERS AND FAMILIES, EXPLORATION AND EXAMINATION OF THEORY AND OBSERVATION AND REFLECTION. OUR GRADUATE DEGREES IN EDUCATION PROVIDE OUR STUDENTS WITH A THOROUGH, RIGOROUS, HUMANISTIC FOUNDATION FOR THEIR CAREERS IN EARLY CHILDHOOD, ELEMENTARY, AS WELL AS EDUCATIONAL LEADERSHIP, MUSEUM EDUCATION, CHILD LIFE, AND READING AND LITERACY. WE PREPARE EDUCATORS TO FIND WAYS TO MAKE LEARNING VITAL, ACTIVE, AND CREATIVE. 16100761 819213 4348778 BSEC - THE BANK STREET EDUCATION CENTER PARTNERS WITH SCHOOLS, SCHOOL SYSTEMS, STATES, AND COMMUNITITES TO FOSTER POSITIVE LEARNING OUTCOMES FOR STUDENTS AND EDUCATORS AND TO ADVANCE PRACTICE AND POLICY IN THE FIELD OF EDUCATION NATIONWIDE. FOR MORE INFORMATION, SEE SCHEDULE O. 1963128 656665 AUXILIARY ACTIVITIES 1963128 656665 64272071 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 128 0 1 784 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X APARNA MURALIDHARAN 2128754400 610 WEST 112TH ST NEW YORK NY 10025 SHAEL POLAKOW-SURANSKY PRESIDENT 35.00 0.00 X X 513562 0 256906 ANTHONY ASNES TRUSTEE 1.00 0.00 X 0 0 0 CHARLES R BENDIT TRUSTEE 1.00 0.00 X 0 0 0 JAY CHAKRAPANI TRUSTEE 1.00 0.00 X 0 0 0 JESSICA CHARLES STAFF ASSOC. TRUSTEE (START 06/22) 1.00 0.00 X 133574 0 13896 JONATHAN COLE TRUSTEE 1.00 0.00 X 0 0 0 NANCIE COOPER TRUSTEE (START 11/4/21) 1.00 0.00 X 0 0 0 PAUL ELLIS TRUSTEE (START 06/2/22) 1.00 0.00 X 0 0 0 YOLANDA C FERRELL-BROWN TRUSTEE 1.00 0.00 X 0 0 0 FELICE FRIEDMAN TRUSTEE 1.00 0.00 X 0 0 0 OFELIA GARCIA TRUSTEE 1.00 0.00 X 0 0 0 RUSSELL GRANET TRUSTEE 1.00 0.00 X 0 0 0 VICTORIA HAMILTON TRUSTEE AND CHAIR 1.00 0.00 X X 0 0 0 MARGARET HONEY TRUSTEE 1.00 0.00 X 0 0 0 KRISTEN KANE TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER KELLEN TRUSTEE (START 06/2/22) 1.00 0.00 X 0 0 0 FERN KHAN TRUSTEE 1.00 0.00 X 0 0 0 KENNETH LERER TRUSTEE 1.00 0.00 X 0 0 0 LISA LEWIN TRUSTEE AND SECRETARY 1.00 0.00 X X 0 0 0 ADAM LITKE TRUSTEE 1.00 0.00 X 0 0 0 REBECCA MAI TRUSTEE 1.00 0.00 X 0 0 0 DAVID ORR TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH S PFORZHEIMER TRUSTEE AND VICE CHAIR 1.00 0.00 X X 0 0 0 SANDRA PINNAVAIA TRUSTEE 1.00 0.00 X 0 0 0 CAMILLA RAB TRUSTEE (LEFT 06/2/22) 1.00 0.00 X 0 0 0 BARBARA SCHATZ TRUSTEE 1.00 0.00 X 0 0 0 ANNE V SHUTKIN TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY Q SMITH TRUSTEE 1.00 0.00 X 0 0 0 HOWARD S STEIN TRUSTEE AND TREASURER 1.00 0.00 X X 0 0 0 JEFFREY I SUSSMAN TRUSTEE AND VICE CHAIR 1.00 0.00 X X 0 0 0 ROSE KLEIN YOUNG TRUSTEE 1.00 0.00 X 0 0 0 WENDY VAN AMSON TRUSTEE 1.00 0.00 X 0 0 0 DEBBIE ZLOTOWITZ TRUSTEE 1.00 0.00 X 0 0 0 JUSTIN TYACK CHIEF OPERATING OFFICER 35.00 0.00 X 307111 0 34124 APARNA MURALIDARHAN CHIEF FINANACIAL OFFICER 35.00 0.00 X 203844 0 47874 DOUGLAS KNECHT DEAN, SCHOOL FOR CHILDREN 35.00 0.00 X 351068 0 75905 MARCELA HAHN ASSOCIATE VP, DARO 35.00 0.00 X 215807 0 32981 CECELIA TRAUGH DEAN, GRAD SCHOOL 35.00 0.00 X 213674 0 47143 TRACY FRAY-OLIVER DIRECTOR, BANK ST ED CENTER 35.00 0.00 X 218975 0 30836 SULEYNI ABREU ADMINISTRATIVE OFFICER, CAO OFFICE 35.00 0.00 X 166005 0 16406 ERIN FLANSBURG CONTROLLER 35.00 0.00 X 164289 0 27251 EMILY SHARROCK DEPUTY EXECUTIVE DIRECTOR, BANK ST ED CENTER 35.00 0.00 X 162373 0 27173 SAARA MAHJOURI UPPER SCHOOL DIVISION HEAD, SCHOOL FOR CHILDREN 35.00 0.00 X 160676 0 25425 KAREN DEMOSS PROGRAM DIRECTOR, SUSTAINABLE FUNDING PROJECT/PREP 35.00 0.00 X 154750 0 25267 2965708 0 661187 82 0 1 0 METEOR LEARNING INC 50 MALL ROAD STE 205 BURLINGTON MA 01803 ONLINE LEARNING CONSULTING SERVICES 2024788 SKYLINE RESTORATION INC 11-20 37TH AVENUE LONG ISLAND CITY NY 11101 CONSTRUCTION SERVICES PROVIDED 755182 SHERIDAN RESTORATION CORP 1511 SHERIDAN AVENUE APT A31 BRONX NY 10547 PERSONNEL SUPPORT 297520 JENZABAR INC PO BOX 55018 BOSTON MA 02205 CUSTOM SUPPPORT FOR VARIOUS INTERFACES 250972 BLACKBAUD PO BOX 930256 ATLANTA GA 31193 IMPLEMENTATION SERVICES AND SUPPORT 248841 16 643811 3110699 9548329 115089 13302839 TUITION AND FEES 611600 46479552 46479552 PROF DEVELOPMENT FEES 611430 6591838 6591838 AUXILIARY ACTIVITIES 722320 400510 400510 53471900 1180874 1180874 10837 10837 7815712 7609179 206533 206533 206533 4050 643811 114493 -110443 -110443 FEES-WORKSHOPS/CONF 611710 198055 198055 EXPENSE RECOVERY 900099 16328 16328 453594 453594 667977 68730517 54139877 0 1287801 819213 819213 15810404 15810404 2821313 1078270 1435415 307628 31675221 26114322 4278537 1282362 1657533 1366537 223891 67105 5563623 4531046 794459 238118 2388946 1969543 322687 96716 104319 3200 101119 230437 42000 188437 55525 55525 82937 82937 5172030 4219889 707510 244631 264333 256201 5700 2432 1094741 792372 205753 96616 246623 166979 77028 2616 4047448 3081343 821166 144939 112965 108784 2332 1849 703149 554866 142653 5630 687021 523033 139386 24602 2711453 2064243 550113 97097 385179 385179 BANK FEES 276230 186688 60299 29243 MEMBERSHIP FEES 128078 73543 51605 2930 727093 509595 216750 748 77765814 64272071 10848481 2645262 5091287 2415258 2377948 1260665 4893800 7359682 2143861 1720007 27916 1068301 741860 67001690 38826564 29082700 28175126 55585013 45886580 260362 300717 645301 912111 101176489 88772006 6170452 7962923 6439292 6357382 18902909 17088023 2000000 8229406 6559842 39742059 39968170 X 8782869 4334169 52651561 44469667 61434430 48803836 101176489 88772006 X -9035297 -6970867 3375570 X 0 1 X 1 1 1 X 11487832 12287786 16173838 20549952 13302839 73802247 11487832 12287786 16173838 20549952 13302839 73802247 12188720 61613527 1084076 5298622 1189927 1024927 1191711 9789263 601411 781164 660838 262104 667978 2973495 86565005 247879190 0.71180 0.70360 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 601,411. 2018 AMOUNT: $ 781,164. 2019 AMOUNT: $ 660,838. 2020 AMOUNT: $ 262,104. 2021 AMOUNT: $ 667,978. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 55525 55525 0 PART II-B, LINE 1: OTHER ACTIVITIES BANK STREET COLLEGE OF EDUCATION HIRED A CONSULTING FIRM THAT SPECIALIZES IN LOBBYING ACTIVITIES RELATED TO THE HIGHER EDUCATION INDUSTRY. THE COLLEGE PAID $55,993 TO LOBBYING CONSULTANTS DURING THE YEAR ENDED JUNE 30, 2022. IN ADDITION, THE COLLEGE IS A MEMBER OF VARIOUS ORGANIZATIONS THAT PROMOTE THE NEEDS OF HIGHER EDUCATION, AS WELL AS PROVIDE INFORMATION TO THE INDUSTRY (E.G. NACUBO). APPROXIMATELY 7% OF ANNUAL DUES IS ATTRIBUTED TO LOBBYING ACTIVITIES AND INCLUDED IN LINE 1J. X X 35029678 0 -3616300 1503420 29909958 29299081 78566 7427977 1775946 35029678 30583675 75641 -252193 1108042 29299081 29601528 253285 1775390 1046528 30583675 28507697 217869 1796370 920408 29601528 0.03105 0.96895 0 0 767581 767581 13293528 10304449 2989079 37462138 16802773 20659365 14081637 11719342 2362295 1396806 1396806 28175126 POSTRETIREMENT HEALTH BENEFIT PLAN 5390260 CONDITIONAL ASSET RETIREMENT OBLIG 529599 REFUNDABLE GOVT LOAN PROGRAM 639983 6559842 X 46369066 -6970867 -15810404 -22781271 69150337 82937 -502756 -419819 68730518 58999660 -2872814 -2872814 61872474 82937 15810404 15893341 77765815 PART V, LINE 4: ENDOWMENT FUNDS THE COLLEGE'S ENDOWMENT CONSISTS OF A PORTFOLIO OF ACTIVELY MANAGED FUNDS ESTABLISHED TO PROVIDE BOTH A SOURCE OF OPERATING FUNDS AS WELL AS LONG-TERM FINANCIAL STABILITY. THE ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. ENDOWMENT FUNDS MAY HAVE PURPOSE RESTRICTIONS ON USE OF THE INCOME. PART X, LINE 2: UNCERTAIN TAX POSITIONS THE COLLEGE IS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND THEREFORE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (A) OF THE CODE AND A SIMILAR PROVISION OF THE STATE OF NEW YORK INCOME TAX LAW. ACCORDINGLY, THE COLLEGE IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. THE COLLEGE RECOGNIZES THE BENEFITS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. NO PROVISION FOR INCOME TAXES WAS REQUIRED IN 2022 OR 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND SCHOLARSHIPS -15,810,404. PART XI, LINE 4B - OTHER ADJUSTMENTS: STIPEND/FELLOWSHIP INCLUDED IN PART IX -318,000. TUITION REIMBURSEMENTS INCLUDED IN PART IX -70,263. DIRECT COSTS OF FUNDRAISING EVENTS INCLUDED AS EXPENSES ON FINANCIAL -114,493. PART XII, LINE 2D - OTHER ADJUSTMENTS: TUITION REIMBURSEMENTS INCLUDED IN PART VIII 70,263. STIPEND/FELLOWSHIP INCLUDED IN PART VIII 318,000. SPECIAL EVENT EXPENSE INCLUDED IN PART VIII 114,493. ADJUSTMENT FOR CHANGE IN FV OF INTEREST RATE SWAP -1,687,115. ADJUSTMENT FOR POST RETIREMENT HEALTH BENEFITS -1,688,455. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND SCHOLARSHIPS INCLUDED IN PART IX 15,810,404. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEE SUPPLEMENTAL PAGE RACIALLY NONDISCRIMINATORY POLICY & GOVERNMENT ASSISTANCE SCHEDULE E, PART I: THE COLLEGE PUBLICIZES ITS NON-DISCRIMINATION POLICY IN REGISTRATION MATERIALS, BROCHURES AND ON ITS WEBSITE. THE COLLEGE IS COMMITTED TO ENSURING THAT IT DOES NOT RACIALLY DISCRIMINATE AGAINST ANY INDIVIDUAL. THE COLLEGE RECEIVES FEDERAL AND STATE EDUCATIONAL ASSISTANCE GRANTS SUCH AS PELL, BUNDY AND SIMILAR SOURCES. VIRTUAL FUNDRAISING CALL 647861 643811 4050 35000 10000 18830 50663 647861 643811 4050 35000 10000 18830 50663 114493 -110443 1 YONKERS PUBLIC SCHOOLS 1 LARKIN CTR YONKERS NY 107012756 136007340 YPS 623560 0 SCHOOL IMPROVEMENT INITIATIVE MINNESOTA STATE COLLEGE & UNIVERSITIES 30 7TH STREET EAST STE 350 ST PAUL MN 55101 411687554 501(C)(3) 40000 0 PREPARED TO TEACH INITIATIVE WESTERN WASHINGTON UNIVERSITY FOUNDATION 516 HIGH STREET MS 9034 BELLINGHAM WA 98225 916073519 501(C)(3) 11700 0 PREPARED TO TEACH INITIATIVE UNIVERSITY OF SOUTH DAKOTA GRANTS ACCOUNTING 1030 VERMILLION SD 57069 466000364 501(C)(3) 48000 0 PREPARED TO TEACH INITIATIVE UNIVERSITY OF NEW MEXICO CONTRACT GRANT ACCOUNTING 1700 LOMAS NE STE 2100 ALBUQUERQUE NM 87131 856000642 501(C)(3) 36571 0 PREPARED TO TEACH INITIATIVE THE CANISIUS COLLEGE OF BUFFALO 2001 MAIN ST BUFFALO NY 14208 160743942 501(C)(3) 15000 0 PREPARED TO TEACH INITIATIVE UNIVERSITY OF NORTHERN COLORADO 501 20TH STREET CAMPUS BOX 44 GREELEY CO 806396900 846000546 501(C)(3) 20000 0 PREPARED TO TEACH INITIATIVE CENTRAL NEW MEXICO COMMUNITY COLLEGE 525 BUENA VISTA SE ALBUQUERQUE NM 87106 850172915 501(C)(3) 20000 0 PREPARED TO TEACH INITIATIVE 8 SCHOLARSHIPS 682 15810404 PART I, LINE 2: GRANT ELIGIBILITY & MONITORING THE COLLEGE PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE COLLEGE. ALL SCHOLARSHIPS ISSUED ARE APPLIED DIRECTLY AGAINST THE STUDENT'S TUITION BALANCE; THEREFORE, THE STUDENT CAN EXERCISE NO DISCRETION IN THE USE OF THE FUNDS. SINCE ALL SCHOLARSHIPS DEFRAY COST OF TUITION, NO FURTHER MONITORING OF THE SCHOLARSHIPS IS REQUIRED. PART I, LINE 2: PROGRAM MANAGERS WORK DIRECTLY WITH GRANTEES RECEIVING GRANT FUNDS AND MONITOR THE FUNDS ACCORDING TO THE GRANT AGREEMENT. MONITORING INCLUDES CONDUCTING REGULAR CONTACT/WORKING SESSIONS WITH THE GRANTEE OR DIRECT ASSISTANCE WITH THE IMPLEMENTATION OF THE GRANT ACTIVITIES. X 1 1 X X X 0 0 0 0 0 0 0 0 0 SHAEL POLAKOW-SURANSKY PRESIDENT 474640 0 0 0 38922 0 36125 0 220781 0 770468 0 0 0 DOUGLAS KNECHT DEAN, SCHOOL FOR CHILDREN 311257 0 0 0 39811 0 20419 0 55486 0 426973 0 0 0 JUSTIN TYACK CHIEF OPERATING OFFICER 307111 0 0 0 0 0 19232 0 14892 0 341235 0 0 0 CECELIA TRAUGH DEAN, GRAD SCHOOL 213674 0 0 0 0 0 14096 0 33047 0 260817 0 0 0 APARNA MURALIDARHAN CHIEF FINANACIAL OFFICER 203844 0 0 0 0 0 13547 0 34327 0 251718 0 0 0 TRACY FRAY-OLIVER DIRECTOR, BANK ST ED CENTER 218975 0 0 0 0 0 13917 0 16919 0 249811 0 0 0 MARCELA HAHN ASSOCIATE VP, DARO 215807 0 0 0 0 0 13920 0 19061 0 248788 0 0 0 ERIN FLANSBURG CONTROLLER 164289 0 0 0 0 0 10499 0 16752 0 191540 0 0 0 EMILY SHARROCK DEPUTY EXECUTIVE DIRECTOR, BANK ST E 162373 0 0 0 0 0 10382 0 16791 0 189546 0 0 0 SAARA MAHJOURI UPPER SCHOOL DIVISION HEAD, SCHOOL F 160676 0 0 0 0 0 10092 0 15333 0 186101 0 0 0 SULEYNI ABREU ADMINISTRATIVE OFFICER, CAO OFFICE 166005 0 0 0 0 0 10696 0 5710 0 182411 0 0 0 KAREN DEMOSS PROGRAM DIRECTOR, SUSTAINABLE FUNDIN 154750 0 0 0 0 0 10017 0 15250 0 180017 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE THE COLLEGE PROVIDED HOUSING TO THE PRESIDENT, SHAEL POLAKOW-SURANSKY. THE HOUSING PROVIDED WAS FOR THE CONVENIENCE OF THE COLLEGE AND IS TREATED AS A NONTAXABLE BENEFIT. THE PROVIDED HOUSING WAS NOT INCLUDED IN THE PRESIDENT'S IRS FORM W-2. A DASNY SERIES 2017A 146000293 000000000 2017-02-17 18000000 CAPITAL PROJ., REFUND 2002 BOND 0 0 0 A 2186035 18000000 348229 15871154 1884044 2020 1 0 1 1 A 0 0 1 1 0 0 0 1 A 0 1 0 0 1 1 PEOPLE'S UNITED BANK 0.298000000000 0 0 0 1 A 1 SCHEDULE K, PART III, LINE 3A: THE MANAGEMENT AND SERVICE CONTRACTS WERE REVIEWED AND IT WAS DETERMINED THE CONTRACTS DO NOT RESULT IN PRIVATE BUSINESS USE. X 10 115089 SEE PART II 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS THE NUMBER OF CONTRIBUTIONS IS REPORTED. SCHEDULE M, PART I, LINE 9, COLUMN (D): METHOD OF DETERMINING NONCASH AMOUNT MEAN MARKET PRICE ON DATE OF CONTRIBUTION. FORM 990, PART I, LINE 1, BRIEF DESCRIPTION OF ORGANIZATION'S MISSION: BANK STREET COLLEGE OF EDUCATION IS AN INDEPENDENT CO-EDUCATIONAL INSTITUTION COMPRISED OF A SCHOOL FOR CHILDREN, A GRADUATE SCHOOL OF TEACHER'S EDUCATION, INNOVATION, POLICY AND RESEARCH INITIATIVES, FAMILY CENTER AND CHILDCARE SERVICES AND PROFESSIONAL DEVELOPMENT. FORM 990, PART III LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS OUR WORK AIMS TO IMPROVE THE CARE AND EDUCATION OF STUDENTS FROM BIRTH THROUGH HIGHER EDUCATION BY STRENGTHENING AND ENABLING THE SUCCESS OF THE ADULTS WHO SUPPORT THEM. THROUGH A DISTINCT SET OF SPECIALIZED PROGRAMS AND PARTNERSHIPS, THE BANK STREET EDUCATION CENTER IS BUILDING AN EVIDENCE BASE TO INFORM LOCAL PRACTICE AND ADDRESS SOME OF THE NATION'S DEEPEST ORGANIZATIONAL CHALLENGES CURRENTLY HINDERING EFFECTIVE AND EQUITABLE TEACHING AND LEARNING FOR ALL. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW THE FORM 990 WAS PREPARED BY THE COLLEGE'S INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE COLLEGE'S FINANCIAL DEPARTMENT. THE FORM 990 WAS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND A COPY WAS PROVIDED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY EACH OFFICER AND TRUSTEE OF THE COLLEGE IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF EMPLOYMENT OR BOARD SERVICE WITH THE COLLEGE. THE COLLEGE MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. ANYONE REFERENCED ABOVE WHO DISCLOSES A CONFLICT OF INTEREST WILL BE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISION MAKING PROCESS RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 OFFICER COMPENSATION REVIEW THE COLLEGE UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND OTHER OFFICERS OF THE COLLEGE IS REASONABLE GIVEN THE MARKET IN WHICH THE COLLEGE OPERATES; THE MOST RECENT EVALUATION TOOK PLACE IN SEPTEMBER 2021. THE COLLEGE HAS ESTABLISHED A COMPENSATION COMMITTEE OF TRUSTEES THAT ARE INDEPENDENT PERSONS WITH NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION AGREEMENT. THE COMPENSATION COMMITTEE UTILIZES COMPARABILITY AND BENCHMARKING SURVEYS TO ENSURE THAT THE COLLEGE COMPENSATES ITS EXECUTIVES COMMENSURATE WITH THE MARKET. THE COMPENSATION COMMITTEE WILL THEN SET THE COMPENSATION FOR THE RELEVANT EXECUTIVES AND DOCUMENT THE DECISION IN THE COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENT REVIEW POLICY THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,687,115. ADJUSTMENT FOR POSTRETIREMENT HEALTH BENEFIT PLAN 1,688,455. DE MINIMIS SAFE HARBOR ELECTION: BANK STREET COLLEGE OF EDUCATION HEREBY MAKES THE DE MINIMIS SAFE HARBOR ELECTION UNDER SECTION 1.263(A)-1(F) OF THE TREASURY REGULATIONS, EFFECTIVE FOR THE TAX YEAR ENDING JUNE 30, 2022. TAXPAYER HAS AN APPLICABLE FINANCIAL STATEMENT FOR THE YEAR OF THE ELECTION. THIS ELECTION PERMITS THE TAXPAYER TO DEDUCT FOR TAX PURPOSES ANY ITEM DEDUCTED UNDER ITS BOOK POLICY THAT DOES NOT EXCEED $5,000 PER INVOICE (OR PER ITEM, AS SUBSTANTIATED BY THE INVOICE) OR ITEMS HAVING AN ECONOMIC USEFUL LIFE OF TWELVE MONTHS OR LESS AS DESCRIBED IN SECTION 1.263(A)-1(F)(1)(I). TAXPAYER NAME: BANK STREET COLLEGE OF EDUCATION ADDRESS: 610 WEST 112TH STREET, NEW YORK, NY 10025-1120 TAXPAYER IDENTIFICATION NUMBER: 13-5562167