2022-05-04T12:28:01-05:00 2021-06-30 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2020-07-01 131623919 THE CALHOUN SCHOOL CALH 2124976500 433 WEST END AVENUE NEW YORK NY 10024 STEVEN SOLNICK HEAD OF SCHOOL 2124976500 2022-04-26 1 STEVEN SOLNICK 999009999 CANDICE METH P01306891 2129498700 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z STEVEN SOLNICK 433 WEST END AVENUE NEW YORK NY 10024 42488510 0 X WWW.CALHOUN.ORG X 1941 NY THE CALHOUN SCHOOL IS A PROGRESSIVE, INDEPENDENT, COEDUCATIONAL (CONTINUED IN SCHEDULE O)COLLEGE PREPARATORY SCHOOL WITH STUDENTS RANGING FROM THREE-YEAR-OLDS TO TWELFTH GRADERS. 23 23 264 150 0 0 2503583 6314721 35250214 32830503 77137 416103 0 0 37830934 39561327 7096901 9112660 0 0 21708804 22226216 0 0 924400 8908035 9275086 37713740 40613962 117194 -1052635 69066641 66556667 43815469 39288570 25251172 27268097 THE CALHOUN SCHOOL IS A PROGRESSIVE, INDEPENDENT, COEDUCATIONAL COLLEGE PREPARATORY SCHOOL WITH APPROXIMATELY 609 STUDENTS, RANGING FROM THREE-YEAR-OLDS TO TWELFTH GRADERS. 0 0 26367329 9112660 32673341 CALHOUN'S GOAL IS TO INSPIRE A PASSION FOR LEARNING THROUGH A PROGRESSIVE APPROACH TO EDUCATION THAT VALUES INTELLECTUAL PURSUIT, CREATIVITY, DIVERSITY, AND COMMUNITY INVOLVEMENT. 26367329 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 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 26 0 1 264 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X DOROTHY LAMONACA INTERIM CFO 2124976500 433 WEST END AVENUE NEW YORK NY 10024 JON BRAYSHAW CHAIR 2.00 X X 0 0 0 MICHAEL CONBOY VICE CHAIR 2.00 X X 0 0 0 JONATHAN BAUMAN TRUSTEE 2.00 X 0 0 0 DAVID ELSBERG TRUSTEE 2.00 X 0 0 0 KAREN GREENE SECRETARY 2.00 X X 0 0 0 TERRY HAAS TRUSTEE 2.00 X 0 0 0 SCOTT HIRSCH TRUSTEE 2.00 X 0 0 0 WALTER LEVITCH TRUSTEE 2.00 X 0 0 0 JASON MCINTOSH TRUSTEE 2.00 X 0 0 0 BARBARA PYLES TRUSTEE 2.00 X 0 0 0 CLAUDIA SINGLETON TRUSTEE 2.00 X 0 0 0 JAY SUGARMAN TRUSTEE 2.00 X 0 0 0 CHRISTINE TAYLOR TRUSTEE 2.00 X 0 0 0 DALE ALLSOPP TRUSTEE 2.00 X 0 0 0 AARON DUNN TRUSTEE 2.00 X 0 0 0 LETISHA GARY TRUSTEE 2.00 X 0 0 0 LEIGH GERSTENBLATT TRUSTEE 2.00 X 0 0 0 DYLON HIXON TREASURER 2.00 X X 0 0 0 KATE ROCHE HOPE TRUSTEE 2.00 X 0 0 0 CHAD KESSLER TRUSTEE 2.00 X 0 0 0 HANH LIVINGSTON TRUSTEE 2.00 X 0 0 0 EDWARD NEWMAN TRUSTEE 2.00 X 0 0 0 LOUISE LITT TRUSTEE 2.00 X 0 0 0 STEVEN SOLNICK HEAD OF SCHOOL 40.00 X 778149 0 70810 BRENDAN DOYLE DIRECTOR OF FINANCE 40.00 X 219941 0 41384 ERIC OSORIO ASSOCIATE HEAD OF SCHOOL 40.00 X 209469 0 16194 LAWRENCE MITCHELL DIR. OF DEVELOPMENT 40.00 X 203713 0 24054 ALISON ROTHSCHILD DIRECTOR OF LOWER SCHOOL 40.00 X 199109 0 14701 DANIEL ISQUITH DIRECTOR OF UPPER SCHOOL 40.00 X 182842 0 22645 ANDREW HUME DIRECTOR OF ENROLLMENT 40.00 X 180810 0 21804 LISA BIANCHI MERRITT DIR. OF COLLEGE COUNSELING 40.00 X 166962 0 37667 JONATHAN HAFF DIR. OF TECH AND BLDG OPS 40.00 X 185169 0 8509 2326164 0 257768 49 0 1 0 EMERALD SERVICES INC ONE FAIRCHILD COURT PLAINVIEW NY 11803 MAINTENANCE 1170039 ACTIVE INTERNET TECHNOLOGIES LLC PO BOX 783838 PHILADELPHIA PA 19178 IT SERVICE 156600 SUMMIT SECURITY SERVICES INC PO BOX 392812 PITTSBURGH PA 15251 SECURITY 132920 RALPH W PLOTKE INC 48 WEST JEFRYN BLVD DEER PARK NY 11729 ROOFING 128011 EISNERAMPER LLP 733 THIRD AVENUE NEW YORK NY 10017 ACCOUNTING SERVICE 104382 5 649280 3878462 1786979 390679 6314721 TUITION, ADMISSION, REGISTRATION 611710 32673341 32673341 AFTERSCHOOL PROGRAM 611710 93462 93462 OTHER INCOME 611170 43927 43927 SUMMER CARE INCOME 611710 18499 18499 THEATRE PRODUCTIONS INCOME 611710 1274 1274 32830503 346013 346013 2997273 2927183 70090 70090 70090 0 649280 0 0 39561327 32830503 0 416103 9112660 9112660 1565472 958860 559565 47047 16367621 10025259 5850467 491895 906585 555288 324051 27246 2146589 1314798 767280 64511 1239949 759476 443209 37264 24071 24071 107382 107382 46871 46871 771597 763733 7864 2472860 746662 1682238 43960 2620487 1605063 936671 78753 97809 45860 51949 894909 894909 1662901 1018536 594390 49975 263292 263292 STUDENT CAFETERIA 312907 224867 12155 75885 40613962 26367329 13322233 924400 9075813 2214076 3239825 5254305 2183820 1459782 468503 358580 282631 478330 69586160 31719126 39133180 37867034 14682869 18924560 69066641 66556667 2545958 2261120 10108204 9161939 27620307 27865511 3541000 43815469 39288570 X 10028493 8584664 15222679 18683433 25251172 27268097 69066641 66556667 X -1052635 3206599 -137039 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15195695 407738 3575831 522815 18656449 16158927 585881 37560 1586673 15195695 15515817 568373 515777 441040 16158927 14424685 949328 536272 394468 15515817 9964068 4853790 928354 1321527 14424685 0.83000 0.17000 0 0 4837227 4837227 60786925 27833875 32953050 3962008 3885251 76757 37867034 X 33608395 3206599 3206599 30401796 46871 9112660 9159531 39561327 31591470 0 31591470 46871 8975621 9022492 40613962 PART V, LINE 4: THE SCHOOL'S ENDOWMENT GENERATES A PREDICTABLE STREAM OF REVENUE THAT HELPS FUND ITS PROGRAMS, AS WELL AS FUND FINANCIAL AID. PART X, LINE 2: THE SCHOOL IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. DUE TO THE SCHOOL'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. PART XI LINE 4B FINANCIAL AID OF $9,112,660, NETTED AGAINST REVENUE PER AUDITED FINANCIAL STATEMENTS, INCLUDED IN EXPENSES PER FORM 990. PART XII LINE 4B FINANCIAL AID OF $9,112,660 NETTED AGAINST REVENUE PER AUDITED FINANCIAL STATEMENTS, INCLUDED IN EXPENSES PER FORM 990, AND LOSS ON UNCOLLECTIBLE ACCOUNTS INCLUDED WITH EXPENSES ON FINANCIAL STATEMENTS, BUT CONSIDERED A RECONCILING ITEM OT NET ASSETS FOR TAX PURPOSES, OF ($137,039) = $8,975,621. 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 IS A MEMBER OF THE INDEPENDENT SCHOOLS ADMISSIONS ASSOCIATION OF GREATER NEW YORK (ISAAGNY). ISAAGNY PUBLISHES ITS RACIALLY NON-DISCRIMINATION POLICY, LISTING EACH MEMBER SCHOOL, EACH YEAR IN THE NY METRO DAILY NEWSPAPER. THE POLICY WAS PUBLISHED IN THE JULY 21, 2020 ISSUE OF THE NEWSPAPER. THE POLICY IS ALSO POSTED ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 QUESTION 6A: THE SCHOOL RECEIVED $337,462, GOVERNMENT FUNDING FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION. ANNUAL BENEFIT 649280 649280 649280 649280 1 FINANCIAL AID PROVIDED TO STUDENTS 236 9112660 FMV TUITION REDUCTION PART I, LINE 2: THE CALHOUN SCHOOL'S FINANCIAL AID COMMITTEE REVIEWS PARENT FINANCIAL STATEMENTS, INCLUDING INDIVIDUAL TAX RETURNS, AND AWARDS STUDENTS SCHOLARSHIPS ON THE BASIS OF FINANCIAL NEED. X 1 1 X X X X 0 1 0 0 0 0 0 1 0 STEVEN SOLNICK HEAD OF SCHOOL 608149 0 0 0 170000 0 46436 0 24374 0 848959 0 44040 0 BRENDAN DOYLE DIRECTOR OF FINANCE 219941 0 0 0 0 0 17010 0 24374 0 261325 0 0 0 LAWRENCE MITCHELL DIR. OF DEVELOPMENT 203713 0 0 0 0 0 15545 0 8509 0 227767 0 0 0 ERIC OSORIO ASSOCIATE HEAD OF SCHOOL 209469 0 0 0 0 0 16194 0 0 0 225663 0 0 0 ALISON ROTHSCHILD DIRECTOR OF LOWER SCHOOL 199109 0 0 0 0 0 14701 0 0 0 213810 0 0 0 DANIEL ISQUITH DIRECTOR OF UPPER SCHOOL 182842 0 0 0 0 0 13748 0 8897 0 205487 0 0 0 LISA BIANCHI MERRITT DIR. OF COLLEGE COUNSELING 166962 0 0 0 0 0 13293 0 24374 0 204629 0 0 0 ANDREW HUME DIRECTOR OF ENROLLMENT 180810 0 0 0 0 0 13295 0 8509 0 202614 0 0 0 JONATHAN HAFF DIR. OF TECH AND BLDG OPS 185169 0 0 0 0 0 0 0 8509 0 193678 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDED ADDITIONAL BENEFITS TO ITS HEAD OF SCHOOL INCLUDING THE FOLLOWING: HOUSING ALLOWANCE AND DEPENDENT EDUCATION ALLOWANCE. PART I, LINE 3 DETERMINATION OF COMPENSATION: THE SCHOOL HAS AN EXECUTIVE COMMITTEE WHICH SETS THE COMPENSATION FOR THE HEAD OF SCHOOL BASED ON COMPARABLE DATA FOR PEER INSTITUTIONS AND OTHER THIRD-PARTY SOURCES. HEAD OF SCHOOL SETS THE COMPENSATION FOR KEY EMPLOYEES ALSO BASED ON COMPARABLE DATA OBTAINED FOR PEER INSTITUTIONS AND OTHER THIRD-PARTY SOURCES. THE HEAD OF SCHOOL HAS A WRITTEN EMPLOYMENT CONTRACT SIGNED BY THE BOARD CHAIRMAN. PART I, LINE 4B DURING FISCAL-YEAR 2018, THE SCHOOL ENTERED INTO DEFERRED-COMPENSATION PLANS WITH THE HEAD OF SCHOOL UNDER SECTIONS 457(B) AND 457(F) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE DEFERRED COMPENSATION PLANS WERE $25,256 DURING 2020. THE PLAN UNDER SECTION 457(F) ENDED ON JUNE 30, 2020. PART I, LINE 7 BONUSES FOR STAFF (WITH THE EXCEPTION OF THE HEAD OF SCHOOL) ARE RECOMMENDED BY THE HEAD OF SCHOOL AND APPROVED BY THE BOARD OF TRUSTEES. BONUS FOR THE HEAD OF SCHOOL IS APPROVED AT THE DISCRETION OF THE BOARD OF TRUSTEES. A BUILD NYC RESOURCE CORPORATION 454040561 2013-09-30 32840000 THE CALHOUN SCHOOL PROJECT 0 0 0 A 30295000 32840000 775814 1769186 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 X 62 360686 PUBLISHED MARKET QUOTES X SEE PART II 68 29993 COMPARABLE SALES 0 1 1 PART I, COLUMN (B): THE SCHOOL RECEIVED 62 STOCK SECURITIES FROM VARIOUS DONORS DURING FISCAL YEAR 2021. OTHER NONCASH CONTRIBUTIONS THERE WERE 68 ITEMS DONATED FOR AUCTION WHICH WERE RECORDED AT FAIR VALUE TOTALING $29,993. PART I, LINE 32B: AN AUCTIONEER WAS HIRED WITH FIXED FEE FOR THE ANNUAL BENEFIT EVENT. FORM 990, PART VI, SECTION B, LINE 11B THE FULL BOARD IS GIVEN A COPY OF THE FORM 990 AND RELATED SCHEDULES FOR THEIR REVIEW. QUESTIONS AND COMMENTS FROM ANY TRUSTEE ARE ADDRESSED PRIOR TO THE SUBMISSION OF THE FORM 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL HAS A CONFLICT OF INTEREST POLICY THAT IS SIGNED ANNUALLY BY KEY EMPLOYEES AND MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS AN EXECUTIVE COMMITTEE WHICH SETS THE COMPENSATION FOR THE HEAD OF SCHOOL BASED ON COMPARABLE DATA FOR PEER INSTITUTIONS AND OTHER THIRD-PARTY SOURCES. THE HEAD OF SCHOOL SETS THE COMPENSATION FOR KEY EMPLOYEES ALSO BASED ON COMPARABLE DATA OBTAINED FROM PEER INSTITUTIONS AND OTHER THIRD-PARTY SOURCES. THE HEAD OF SCHOOL HAS A WRITTEN EMPLOYMENT CONTRACT SIGNED BY THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS 990 AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST, OR THE 990 CAN ALSO BE OBTAINED THROUGH GUIDESTAR.ORG (NOW CALLED CANDID). THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE DISTRIBUTED INTERNALLY AND ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE RECEIVABLES -137,039.