2023-05-15T12:01:16-05:00 2022-06-30 363168081 SIKICH LLP 274 WHITE POND DRIVE AKRON OH 443201118 990 2021-07-01 340714451 LAUREL SCHOOL LAUR 2164641441 1 LYMAN CIRCLE SHAKER HEIGHTS OH 44122 ANDREA AUSPERK CHIEF FINANCIAL OFFICER 2164641441 2023-05-09 1 ANDREA AUSPERK XXX-XX-XXXX JILL M BOYLE CPA P01246734 3308646661 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ANN V KLOTZ 1 LYMAN CIRCLE SHAKER HEIGHTS OH 44122 52139503 0 X WWW.LAURELSCHOOL.ORG X 1926 OH THE MISSION OF LAUREL SCHOOL IS TO INSPIRE EACH GIRL TO FULFILL HER PROMISE AND TO BETTER THE WORLD. 28 28 279 60 261088 210331 8047021 10076383 15439615 16277407 7067599 8413946 0 0 30554235 34767736 4213607 4200734 0 0 12619866 12533905 54850 181475 742814 7680515 8334550 24568838 25250664 5985397 9517072 93663141 86712318 24101772 19923079 69561369 66789239 THE MISSION OF LAUREL SCHOOL IS TO INSPIRE EACH GIRL TO FULFILL HER PROMISE AND TO BETTER THE WORLD. 0 0 16369760 4200734 16277407 LAUREL SCHOOL FOUNDED IN 1896, IS A NATIONALLY-RECOGNIZED COLLEGE PREPARATORY, INDEPENDENT DAY SCHOOL FOR GIRLS, KINDERGARTEN THROUGH GRADE 12, WITH A COEDUCATIONAL EARLY CHILDHOOD PROGRAM. LAUREL SCHOOL HAS TWO CAMPUSES AFFORDING STUDENTS OPPORTUNITIES TO LEARN IN TRADITIONAL SETTINGS SUCH AS LABS, STUDIOS, AND LIBRARIES, AS WELL AS IN OUR UNIQUE ENVIRONMENTAL CLASSROOMS. THE LYMAN CIRCLE CAMPUS IS HOME TO ALL FOUR ACADEMIC DIVISIONS. THE BUTLER CAMPUS IS EXTENSIVE ATHLETIC FACILITIES AND OPPORTUNITIES FOR OUTDOOR EDUCATION AND LEADERSHIP-BUILDING PROGRAMS. LAUREL SCHOOL HAS APPROXIMATELY 547 STUDENTS ENROLLED IN 2021-22 AND 538 IN 2022-23. 16369760 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 69 0 279 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANDREA AUSPERK 2164641441 1 LYMAN CIRCLE SHAKER HEIGHTS OH 44122 MEGAN LUM MEHALKO CHAIR 2.00 X X 0 0 0 SUSAN SHONS LURIA SECRETARY 2.00 X X 0 0 0 BETHANY BRYANT TREASURER 2.00 X X 0 0 0 ZAHRAH AZHAR DIRECTOR 2.00 X 0 0 0 KRISTINE SWAILS BRYAN DIRECTOR 2.00 X 0 0 0 GAUSIA CHOWDHURY DIRECTOR 2.00 X 0 0 0 ALISA S T COWEN DIRECTOR 2.00 X 0 0 0 ANNE R DALTON DIRECTOR 2.00 X 0 0 0 KAREN MCCARTAN DESANTIS DIRECTOR 2.00 X 0 0 0 ERICA LEE MARKUM DENNINGS DIRECTOR 2.00 X 0 0 0 MEGAN EMBRESCIA DIRECTOR 2.00 X 0 0 0 NATALIE LINSALATA GREENE DIRECTOR 2.00 X 0 0 0 APRIL HAWKINS DIRECTOR 2.00 X 0 0 0 ELIZABETH HORVITZ DIRECTOR 2.00 X 0 0 0 PEG SCHUMANN IPPOLITO DIRECTOR 2.00 X 0 0 0 CAREY JAROS DIRECTOR 2.00 X 0 0 0 KATHLEEN JEAVONS DIRECTOR 2.00 X 0 0 0 MICHAEL ANNE JOHNSON DIRECTOR 2.00 X 0 0 0 JACK KOCH DIRECTOR 2.00 X 0 0 0 ANITA J LEE DIRECTOR 2.00 X 0 0 0 LYNNE SHEFFLER MEGERIAN DIRECTOR 2.00 X 0 0 0 CHAUNDRA KING MONDAY DIRECTOR 2.00 X 0 0 0 BRIAN ROBBINS DIRECTOR 2.00 X 0 0 0 ELIZABETH SHEELER DIRECTOR 2.00 X 0 0 0 BRIAN RUBENSTEIN DIRECTOR 2.00 X 0 0 0 KIM E SIMPSON DIRECTOR 2.00 X 0 0 0 LAURENCE TALLEY DIRECTOR 2.00 X 0 0 0 SUZANNE SCHULZE TAYLOR DIRECTOR 2.00 X 0 0 0 ANN V KLOTZ HEAD OF SCHOOL 40.00 X 533280 0 39845 ANDREA AUSPERK CHIEF FINANCIAL OFFICER 40.00 X 136656 0 19673 MARY ANN FLETCHER DIR. OF FACILITIES 40.00 X 102562 0 14653 ALLISON GRANT DIR. OF HUMAN RESOURCES 40.00 X 105813 0 21563 878311 0 95734 4 0 1 0 TIAA-CREF PO BOX 105316 ATLANTA GA 30348 403(B) 1108449 KEY2BUSINESS 127 PUBLIC SQUARE CLEVELAND OH 44114 CREDIT CARDS 732575 PIPER SANDLER MAIL STATION J09STR 800 NICOLLET M MINNEAPOLIS MN 55402 SWAP 589192 AVI FOODSYSTEMS 2590 ELM ROAD NE WARREN OH 44483 FOOD SERVICE 546000 PRECIOUS CARGO TRANSPORTATION INC PO BOX 23617 CHAGRIN FALLS OH 44023 TRANSPORTATION 187927 13 2581864 7494519 163076 10076383 TUITION AND FEES 611600 15303787 15303787 AUXILIARY SERVICES 900099 567306 567306 OTHER OPERATION REVENUE 900099 406314 406314 16277407 2542664 261088 2281576 23243049 17371767 5871282 5871282 5871282 34767736 16277407 261088 8152858 4200734 4200734 756096 459785 263418 32893 8707717 5377202 3080678 249837 296804 180488 103404 12912 2107136 1281358 734109 91669 666152 405090 232082 28980 49711 49711 181475 181475 226120 226120 30549 30549 228624 192517 36107 237192 45452 166671 25069 604462 326 604136 61206 61206 277973 8249 269724 98536 2216 96241 79 911268 683451 227817 1216081 729649 486432 184072 184072 EQUIP RENTAL & MAINT 1402275 846761 555514 FOOD SERVICE 869414 869414 OUTSIDE SERVICES 847715 517028 325803 4884 SCHOOL PROGRAM EXPENSES 686554 571890 81549 33115 402798 190667 166337 45794 25250664 16369760 8138090 742814 3464916 5330987 2228055 3613858 2131206 971164 171371 220343 605309 602500 51316817 30907279 20633714 20409538 52044547 43185867 11378531 11551102 1005492 826959 93663141 86712318 1329435 1074607 1446559 1261598 15527840 15537782 5797938 2049092 24101772 19923079 X 29626741 25717096 39934628 41072143 69561369 66789239 93663141 86712318 X 9517072 -14104406 1815204 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58972098 351082 -5082483 4097709 51385320 47994749 351082 15472713 4846446 58972098 50249993 259755 -11218 2503781 47994749 53009066 140502 2260753 5160328 50249993 52592402 152644 3687429 3423409 53009066 0.38000 0.43000 0.19000 0 0 2986819 2986819 43677877 27595403 16082474 3930259 3311876 618383 721862 721862 20409538 LIMITED PARTNERSHIPS 11551102 F 11551102 TUITION DEPOSITS 11242 INTEREST RATE SWAP LIABILITY 1814272 REFUNDABLE ADVANCES 223578 2049092 X 16236476 -14104406 -14104406 30340882 226120 4200734 4426854 34767736 20823810 0 20823810 226120 4200734 4426854 25250664 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS - DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE SPENT IN COMPLIANCE WITH THE DONOR'S RESTRICTIONS APPLICABLE TO THE FUNDS BEING DISTRIBUTED. ANNUAL DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE DETERMINED USING A MIXED SPENDING RULE OF 80 PERCENT OF THE PRIOR YEAR SPENDING AND 20 PERCENT OF THE 5 PERCENT SPENDING RATE TIMES THE ENDOWMENT MARKET VALUE. ALL EXPENDITURES FROM THE ENDOWMENT FUNDS ARE USED TO FURTHER THE EDUCATIONAL PURPOSES OF THE SCHOOL. PART X, LINE 2: THE SCHOOL IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE CURRENT PROVISIONS OF THE INTERNAL REVENUE CODE, SECTION 501(C)(3). THEREFORE, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED IN THE STATEMENTS. THE SCHOOL IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 4,200,734. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 4,200,734. PART V LINE 1 COLUMN (C) THE PART V ENDOWMENT FUNDS PRIOR YEAR COLUMN WAS CHANGED TO REFLECT CHANGES IN THE ENDOWMENT STATEMENT ON THE FINANCIAL STATEMENTS BETWEEN FISCAL YEAR 2020 AND FISCAL YEAR 2021. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL FORMS OF ADVERTISING HAVE A CALL TO ACTION LEADING PEOPLE TO OUR WEBSITE WHERE THE INFORMATION IS STATED. ADDITIONALLY, ONCE A FAMILY INQUIRES AND RECEIVES AN ADMISSIONS PACKET, THEY RECEIVE THE VIEWBOOK THAT ALSO INCLUDES THE E&I STATEMENT. SCHEDULE E, PART I, LINE 6 ASSISTANCE FROM GOVERNMENTAL AGENCY - LAUREL SCHOOL RECEIVES FUNDING FROM THE STATE OF OHIO FOR SALARIES AND PROFESSIONAL FEES AND TO REIMBURSE THE SCHOOL FOR STATE-MANDATED SERVICES. X X X X 1 S & J ALLEN LLC 99 FOXHALL DRIVE CHAGRIN FALLS OH 44022 DEVELOPMENT CONSULTING 0 258986 134850 124136 GONSEN GERBER 1776 LEGACY CIRCLE SUITE 100 NAPERVILLE IL 60563 CAMPAIGN CONSULTANT 0 0 46625 0 258986 181475 124136 1 SCHOLARSHIPS (ASSISTANCE/AID) 243 4200734 PART I, LINE 2: MONITORING USE OF GRANT FUNDS - THE SCHOOL CREDITS THE BILLING ACCOUNT OF EACH RECIPIENT FOR THE AMOUNT OF THE SCHOLARSHIP IN THIS WAY, THE SCHOOL IS ASSURED THAT THE SCHOLARSHIPS ARE USED FOR THE INTENDED PURPOSE OF DEFRAYING EDUCATIONAL EXPENSES FOR EACH RECIPIENT. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ANN V KLOTZ HEAD OF SCHOOL 513780 0 0 0 19500 0 13716 0 26129 0 573125 0 0 0 ANDREA AUSPERK CHIEF FINANCIAL OFFICER 136656 0 0 0 0 0 2952 0 16721 0 156329 0 0 0 PART I, LINE 1A BENEFITS PROVIDED TO CERTAIN INDIVIDUALS - THE SCHOOL PROVIDES A HOUSE TO THE HEAD OF SCHOOL, ANN KLOTZ, BECAUSE SHE CONDUCTS A SUBSTANTIAL AMOUNT OF SCHOOL BUSINESS IN HER RESIDENCE. THE HOUSE IS ON THE SCHOOL'S SHAKER HEIGHTS CAMPUS AND BECAUSE OF THE SUBSTANTIAL BUSINESS USE OF THE RESIDENCE, THE SCHOOL DOES NOT TREAT THIS BENEFIT AS TAXABLE TO MS. KLOTZ. A CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY 341029691 186102AB5 2008-04-10 16000000 EDUCATIONAL FACILITY BONDS 0 0 0 A 16000000 271037 6546571 9105000 53307 2011 1 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 1 1 1 PIPER JAFFRAY 30.000000000000 0 0 0 0 0 A 0 X 25 163076 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW - THE BOARD OF TRUSTEES HAS DELEGATED THE RESPONSIBILITY TO REVIEW FORM 990 PRIOR TO ITS FILING TO THE AUDIT/FINANCE COMMITTEE. THE INDEPENDENT ACCOUNTING FIRM ASSISTS WITH THIS REVIEW. DISTRIBUTION OF FORM 990 TO GOVERNING BODY - THE SCHOOL DISTRIBUTES A COPY OF FORM 990 TO ALL BOARD MEMBERS BUT REDACTS THE NAMES AND ADDRESSES OF DONORS FROM SCHEDULE B. THE SCHOOL HAS CHOSEN NOT TO DISCLOSE THE IDENTITY OF ITS DONORS, PARTICULARLY IN CASES IN WHICH THE DONOR WANTS TO REMAIN ANONYMOUS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - CONFLICTS ARE IDENTIFIED VIA THE ANNUAL DISCLOSURE DOCUMENTS. SUCH CONFLICTS ARE SHARED WITH THE BOARD OF TRUSTEES AS APPROPRIATE. WHEN A CONFLICT ARISES, THE AFFECTED INDIVIDUAL IS NOT PERMITTED TO PARTICIPATE IN THE DISCUSSIONS OR TO VOTE ON THE MATTER. THE APPROVAL OR REJECTION OF THE TRANSACTION IS MADE BY PERSON WHO ARE INDEPENDENT OF THE INDIVIDUAL WITH THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL - THE COMPENSATION OF THE HEAD OF THE SCHOOL IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE USES COMPARABILITY DATA IN THEIR DELIBERATIONS AND DOCUMENTS THEIR DECISION-MAKING PROCESS IN THE MINUTES. THE BOARD MEMBERS MAKING THE COMPENSATION DECISION ARE INDEPENDENT OF THE HEAD OF THE SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, OR CONFLICT POLICY AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST -173,817. CHANGE IN RATE SWAP LIABILITIES 1,906,297. CHANGE IN VALUE OF ANNUITIES 82,724.