2025-05-15T09:04:09-05:00 2024-06-30 873707167 CBIZ ADVISORS LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2023-07-01 113752853 GRACE CHURCH SCHOOL GRAC 2124755609 86 FOURTH AVENUE NEW YORK NY 100035232 SUSAN AUSTIN CFO 2124755609 2025-05-15 1 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2025-05-08 2023 2025-03-06 01:10:19Z SUSAN AUSTIN 86 FOURTH AVENUE NEW YORK NY 100035232 58645518 0 X WWW.GCSCHOOL.ORG X 2005 NY TO PROVIDE EDU. FOR CHILDREN ROOTED IN INTELLECTUAL EXCELLENCE AND ETHICAL VIRTUE. 28 28 387 100 0 0 4925513 4603561 49369897 51401009 1054903 1326196 17324 342549 55367637 57673315 9502993 9692309 0 0 30552633 32035726 0 0 1327073 19183547 19659709 59239173 61387744 -3871536 -3714429 190844537 189590592 165845254 163602030 24999283 25988562 GRACE CHURCH SCHOOL TEACHES SKILLS OF INTELLECTUAL EXCELLENCE AND HABITS OF ETHICAL VIRTUE, BELIEVING THAT THESE QUALITIES DEPEND UPON EACH OTHER TO FIND THEIR FULLEST EXPRESSION IN GOOD LIVES, WELL LIVED. 0 0 55657886 9692309 51401009 GRACE CHURCH SCHOOL SEEKS STUDENTS WHO ARE ABLE TO THRIVE IN OUR RIGOROUS PROGRAM, AND THE SCHOOL OFFERS FINANCIAL ASSISTANCE TO SUPPORT THE SOCIOECONOMIC DIVERSITY THAT ENHANCES THE ACADEMIC AND ETHICAL AMBITIONS OF ITS MISSION. OUR CURRICULUM, GROUNDED IN TRADITION AND OPEN TO INNOVATION, HELPS STUDENTS BUILD A STRONG FOUNDATION OF KNOWLEDGE, A COMMAND OF WORDS AND NUMBERS, AND A SENSE OF PURPOSE IN THEIR PURSUITS AS SCHOLARS, ARTISTS, ATHLETES, AND CITIZENS. OUR STUDENTS ARE THOROUGHLY PREPARED IN SCIENCE, ENGLISH, MATHEMATICS, FOREIGN LANGUAGES, PERFORMING AND STUDIO ARTS, HISTORY, TECHNOLOGY, AND PHYSICAL EDUCATION. 55657886 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 69 0 1 387 1 1 1 0 0 0 0 1 1 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 0 0 X SUSAN AUSTIN CFO 2124755609 86 FOURTH AVENUE NEW YORK NY 100035232 ALAN REAGAN TRUSTEE 1.00 X 0 0 0 ANN MELLOW VICE CHAIR (OUTGOING) 2.00 X X 0 0 0 AVANI MEHTA SOOD TRUSTEE (INCOMING) 1.00 X 0 0 0 CAMILLE ORME TRUSTEE 1.00 X 0 0 0 DAMIAN ZUNINO TRUSTEE 1.00 X 0 0 0 DOMINIQUE SCHULTE SECRETARY 1.00 X X 0 0 0 DONNA GARBAN TRUSTEE 1.00 X 0 0 0 DOUGLAS ARMER TRUSTEE 1.00 X 0 0 0 ELIZABETH KIPP-GIUSTI TRUSTEE 1.00 X 0 0 0 FELICIA WILKS TRUSTEE (INCOMING) 1.00 X 0 0 0 GEORGE MAJOROS VICE CHAIR & TREASURER 1.00 X X 0 0 0 GREG GUSHEE TRUSTEE 1.00 X 0 0 0 JAKE SIEWERT TRUSTEE 1.00 X 0 0 0 JAN ABERNATHY TRUSTEE 1.00 X 0 0 0 JIM BEST TRUSTEE (OUTGOING) 1.00 X 0 0 0 JOHN HALL TRUSTEE (INCOMING) 1.00 X 0 0 0 KENJI YOSHINO TRUSTEE 1.00 X 0 0 0 KIRBY CHIN TRUSTEE 1.00 X 0 0 0 MARGARET CROTTY TRUSTEE 1.00 X 0 0 0 MARTHA HIRSCHMAN TRUSTEE 1.00 X 0 0 0 MELANIE WESTON CHAIR 1.00 X X 0 0 0 MERRITT TILNEY TRUSTEE 1.00 X 0 0 0 MONICA LAI TRUSTEE 1.00 X 0 0 0 OJAY OBINANI TRUSTEE 1.00 X 0 0 0 PETER GILMAN TRUSTEE (INCOMING) 1.00 X 0 0 0 RENEE NOEL TRUSTEE (OUTGOING) 1.00 X 0 0 0 REV DONALD WARING TRUSTEE 1.00 X 0 0 0 RICHARD BUERY TRUSTEE (OUTGOING) 1.00 X 0 0 0 ROBERT PENNOYER HEAD OF SCHOOL 40.00 X X 569908 0 150685 SHYAMLI MILAM TRUSTEE 1.00 X 0 0 0 TED GOLDTHORPE TRUSTEE 1.00 X 0 0 0 VALERIE TOSCANO TRUSTEE 1.00 X 0 0 0 GEORGE DAVISON HEAD OF SCHOOL (OUTGOING) 40.00 X 377520 0 0 SUSAN AUSTIN CHIEF FINANCIAL OFFICER 40.00 X 282513 0 31988 SAARA MAHJOURI ASSISTANT HEAD OF SCHOOL 40.00 X 224580 0 28740 ELSA HEPNER HEAD OF THE MIDDLE SCHOOL 40.00 X 198593 0 40661 MARGERY HELLMOLD DIRECTOR OF ADMISSIONS 40.00 X 226295 0 43669 MELANIE WHITE DIR OF COLLEGE COUNSELING 40.00 X 253220 0 46784 LORRY PERRY HEAD OF HIGH SCHOOL 40.00 X 241272 0 7910 SARAH ADLER HEAD OF EARLY CHILDHOOD DI 40.00 X 184575 0 40642 2558476 0 391079 90 0 1 0 B & S CLEANING SERVICES 16 ARDEN ST NEW YORK NY 10040 CLEANING SERVICES 311514 SCHULTE ROTH & ZABEL LLP 919 3RD AVE NEW YORK NY 10022 LEGAL SERVICES 237517 PATTERSON BELKNAP WEBB & TYLER LLP 1133 6TH AVE NEW YORK NY 10036 LEGAL SERVICES 111192 3 1092974 3510587 1275263 4603561 TUITION AND TRIP FEES 611710 49804860 49804860 FORFEITED TUITION & OTHER FEES 611710 897934 897934 ANCILLARY REVENUE 611710 638040 638040 APPLICATION FEES 611710 60175 60175 51401009 1326196 1326196 409190 0 409190 409190 409190 905562 1092974 972203 -66641 -66641 57673315 51401009 0 1668745 9692309 9692309 1589927 1589927 23393211 21661123 1015893 716195 1719501 1590383 87175 41943 3443289 2950584 414890 77815 1889798 1597847 249811 42140 219881 219881 188188 188188 794755 663684 121509 9562 2000 2000 2063577 1840197 59927 163453 8512711 8252361 70844 189506 496761 496761 192308 189265 3043 1359450 1289265 55057 15128 2356388 2232990 96801 26597 427984 395548 21971 10465 FOOD COSTS 1743288 1637678 82296 23314 MISC. EXPENSE 594708 483742 110966 INTERNSHIPS AND FACULTY 401140 401140 STAFF REC. AND DEV. 306570 281009 14606 10955 61387744 55657886 4402785 1327073 6940 7172 13071206 11342146 1660334 1216561 1729570 2009375 280918 191086 87550009 38114869 50449730 49435140 22199587 24832859 20152775 21593767 81293477 78962486 190844537 189590592 5436490 4402232 20554885 22328161 41465159 40009074 98388720 96862563 165845254 163602030 X 15658536 16479003 9340747 9509559 24999283 25988562 190844537 189590592 -3714429 4703708 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42699300 2169703 5641894 2903513 47607384 40824878 186450 3841056 2153084 42699300 47656173 971034 -4652559 3149770 40824878 39467406 2004432 11677649 5493314 47656173 39928419 1234244 -178757 1516500 39467406 0.81050 0.18950 1 0 1000000 1000000 39351650 9411924 29939726 17445295 6861483 10583812 9385313 8879402 505911 20367751 12962060 7405691 49435140 GOLDMAN SACHS 3221999 F MAKENA 4270556 F OTHER ALTERNATIVES 2301900 F SEG PARTNERS 8655649 F SEG PARTNERS II 3143663 F 21593767 DEFERRED BOND ISSUANCE 233138 SECURITY DEPOSIT 20674 OTHER ASSETS 445513 RESTRICTED CASH 1941235 OPERATING LEASE RIGHT-OF-USE ASSETS 76174572 FINACE LEASE RIGHT-OF-USE ASSETS 147354 78962486 OPEARATING LEASE LIABILITIES 96711661 FINANCE LEASE LIABILITIES 150902 96862563 X 52496526 4703708 -9692309 -4988601 57485127 188188 188188 57673315 51507247 0 51507247 188188 9692309 9880497 61387744 PART V, LINE 4: THE ENDOWMENT FUND PROVIDES AN ANNUAL INCOME OF 4.5% OF ITS MARKET VALUE AS OF THE AVERAGE OF THE PREVIOUS THREE YEARS FOR THE SUPPORT OPERATIONS, INCLUDING PROVIDING FINANCIAL AID TO CERTAIN STUDENTS. PART X, LINE 2: THE SCHOOL BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023, IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE -9,692,309. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE 9,692,309. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GRACE CHURCH SCHOOL PUBLISHES ITS NONDISCRIMINATORY POLICY ANNUALLY ON ITS WEBSITE AND ON ITS ADMISSIONS APPLICATION. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED FINANCIAL AID FROM NEW YORK CITY DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 1067943 0 0 0 0 0 0 1067943 0 1067943 0 0 0 0 0 0 AUCTION BENEFIT 1998536 1092974 905562 18360 130347 823496 1998536 1092974 905562 18360 130347 823496 972203 -66641 1 STUDENT FINANCIAL AID 198 9692309 FMV NEEDS-BASED FINANCIAL AID PART I, LINE 2: THE SCHOOL GRANTED NEEDS-BASED FINANCIAL AID TO 198 STUDENTS DURING THE YEAR ENDED JUNE 30, 2024. PARENTS AND GUARDIANS ARE REQUIRED TO FILL OUT AN APPLICATION DISCLOSING THEIR FINANCIAL POSITION ALONG WITH COPIES OF THEIR TAX RETURNS AND THE AMOUNT OF AID THEY ARE REQUESTING. A FINANCIAL AID COMMITTEE REVIEWS THE APPLICATIONS AND AWARDS THE GRANTS BASED ON VARIOUS CRITERIA. FUNDS ARE APPLIED TO NEEDED OUTSTANDING TUITION BILLS, THEREFORE, NO ADDITIONAL MONITORING IS REQUIRED. X 1 1 X X X 0 1 0 0 0 0 0 0 0 ROBERT PENNOYER HEAD OF SCHOOL 479728 0 0 0 90180 0 133207 0 17478 0 720593 0 0 0 GEORGE DAVISON HEAD OF SCHOOL (OUTGOING) 116758 0 0 0 260762 0 0 0 0 0 377520 0 0 0 SUSAN AUSTIN CHIEF FINANCIAL OFFICER 281739 0 0 0 774 0 14510 0 17478 0 314501 0 0 0 MELANIE WHITE DIR OF COLLEGE COUNSELING 252962 0 0 0 258 0 29306 0 17478 0 300004 0 0 0 MARGERY HELLMOLD DIRECTOR OF ADMISSIONS 225899 0 0 0 396 0 28057 0 15612 0 269964 0 0 0 SAARA MAHJOURI ASSISTANT HEAD OF SCHOOL 224520 0 0 0 60 0 11262 0 17478 0 253320 0 0 0 LORRY PERRY HEAD OF HIGH SCHOOL 241212 0 0 0 60 0 7910 0 0 0 249182 0 0 0 ELSA HEPNER HEAD OF THE MIDDLE SCHOOL 198539 0 0 0 54 0 25049 0 15612 0 239254 0 0 0 SARAH ADLER HEAD OF EARLY CHILDHOOD DI 184317 0 0 0 258 0 23164 0 17478 0 225217 0 0 0 PART I, LINE 1A ROBERT PENNOYER RECEIVES A FIXED HOUSING ALLOWANCE FOR $90,000 UNDER HIS EMPLOYMENT CONTRACT AND IT IS INCLUDED IN PART II, COLUMN (B)(III). PART I, LINE 4B GEORGE DAVISON, HEAD OF SCHOOL (OUTGOING) RECEIVED A DISTRIBUTION OF $260,000 FROM A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AND IT IS REPORTED IN COLUMN B(III). ROBERT PENNOYER, HEAD OF SCHOOL, RECEIVED A CONTRIBUTION TO 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN OF $100,000 AND THAT'S REPORTED ON PART II, COLUMN C. A BUILD NYC RESOURCE CORPORATION 454040561 2017-09-20 49778355 SEE PART VI 0 0 0 A 9769281 49778355 38778355 421823 10538177 40000 2018 1 0 0 1 A 0 1 1 1 0 0.02200 0.02200 0 0 1 A 0 1 1 0 1 0 0 0 1 A 1 PART I(F): THE BONDS WERE ISSUED TO MAKE A LOAN TO THE BORROWER TO FINANCE THE CAPITAL PROJECTS AND FOR THE REISSUANCE OF THE SERIES 2013 BONDS (DATED 7/1/13). PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2(B): THE CURRENT REFUNDING PORTION OF THE BOND ISSUE HAS MET THE 6-MONTH EXCEPTION TO REBATE. X 4637 453951 FMV X AUCTION ITEMS 261 821312 FMV 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF ITEMS AND SHARES CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THEN IT IS DISTRIBUTED TO THE AUDIT COMMITTEE AND MADE AVAILABLE TO THE FULL BOARD FOR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE DISTRIBUTED AT THE ANNUAL BOARD MEETING BY THE SECRETARY. THEY ARE SIGNED BY ALL VOTING MEMBERS, SENIOR ADMIN STAFF, DEPARTMENT AND DIVISION HEADS. THE BOARD FORMS ARE THEN REVIEWED FOR ANY POTENTIAL CONFLICT OF INTEREST ISSUES THAT MIGHT ARISE. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S CONTRACT IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND COMPARED TO A BENCHMARK OF COMPARABLE SCHOOLS UPON RENEWAL OF CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 A PRINTED COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.