2022-03-08T14:11:32-06:00 2021-06-30 160765486 LUMSDEN & MCCORMICK LLP 369 FRANKLIN STREET BUFFALO NY 14202 990 2020-07-01 160755808 NICHOLS SCHOOL OF BUFFALO NICH 7163326300 1250 AMHERST STREET BUFFALO NY 14216 DANIEL DOLAN CFO 7163326300 2022-03-04 1 DANIEL DOLAN XXX-XX-XXXX SARAH M HOPKINS P02010701 7168563300 2022-03-04 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DANIEL DOLAN 1250 AMHERST STREET BUFFALO NY 14216 70803219 0 X NICHOLSSCHOOL.ORG X 1892 NY PRIVATE CO-EDUCATIONAL SECONDARY SCHOOL SERVING GRADES 5-12 WITH A 2020-21 ENROLLMENT OF 527 STUDENTS. 24 24 210 125 69331 0 4650399 22159342 13306576 15054110 1001691 4634659 133481 365583 19092147 42213694 3085968 3672367 0 0 9610900 9975863 48226 0 1181054 4559776 5187600 17304870 18835830 1787277 23377864 76264770 102003479 9186396 8202178 67078374 93801301 X OUR AIM IS TO TRAIN MINDS, BODIES AND HEARTS FOR THE WORK OF LIFE AND TO CARRY INTO ALL WE DO THE HIGHEST IDEALS OF CHARACTER AND SERVICE. 0 0 7658756 14381083 EDUCATION/FACULTY - NICHOLS SCHOOL'S EXCELLENCE BEGINS WITH ITS FACULTY. WE SPEND THE MAJORITY OF THE SCHOOL'S RESOURCES TO ENSURE WE RECRUIT, HIRE AND RETAIN THE HIGHEST QUALIFIED FACULTY. WE ALSO BELIEVE IN ON-GOING TRAINING FOR OUR FACULTY BY INVESTING IN A WIDE VARIETY OF CONTINUING EDUCATION PROGRAMS. THIS ENHANCES THEIR TEACHING ABILITIES AND RENEWS THEIR COMMITMENT TO THEIR FIELD. THIS ESTABLISHES THE SCHOOL AS A LEADER IN QUALITY EDUCATION WHICH ATTRACTS THE BEST AND BRIGHTEST STUDENTS NOT ONLY IN THE WNY AREA, BUT FROM AROUND THE WORLD. WE HAVE SEVERAL INTERNATIONAL STUDENTS AND EXCHANGE PROGRAMS. 3672367 3672367 FINANCIAL AID - NICHOLS SCHOOL PROVIDES FINANCIAL AID TO 46% OF ITS STUDENTS. THIS ENSURES DIVERSITY WITHIN THE STUDENT BODY AND PROVIDES THE OPPORTUNITY OF A PRIVATE SCHOOL EDUCATION TO THOSE WHO OTHERWISE MAY NOT BE ABLE TO AFFORD IT. THROUGH THE STRATEGIC PLANNING PROCESS AND THE FUNDS AVAILABLE THROUGH OUR ENDOWMENT, WE HAVE BEEN ABLE TO SUSTAIN OUR ENROLLMENT WHILE MAINTAINING OUR GOAL FOR THE PERCENTAGE OF FINANCIAL AID DOLLARS AVAILABLE AND THE PERCENTAGE OF STUDENTS RECEIVING THOSE DOLLARS. THIS PROCESS IS CRITICAL TO MAINTAINING A DIVERSE STUDENT POPULATION INTO THE FUTURE. 286784 FACILITIES - THE CAMPUS CONSISTS OF SIX SEPARATE BUILDINGS LINKED BY TREE LINED SIDEWALKS ON 30 ACRES OF CITY PROPERTY. THIS INCLUDES A PERFORMING ARTS CENTER AND AN ICE RINK. BY PROVIDING WELL MAINTAINED AND VARIED ACADEMIC, ARTS AND ATHLETIC FACILITIES, IT DEMONSTRATES THE SUPPORT AND COMMITMENT TO THE FACULTY, COACHES AND STUDENTS. 3872141 669569 OTHER PROGRAM SERVICES INCLUDE STUDENT SERVICES, ATHLETICS AND OTHER ACADEMIC EXPENSES AS DETAILED ON FORM 990 PART IX. 3872141 669569 15490048 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 65 0 1 210 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X DANIEL DOLAN 7163326300 1250 AMHERST STREET BUFFALO NY 14216 KATHERINE ROACH CHAIR 2.00 X X 0 0 0 W SCOTT SAPERSTON VICE-CHAIR 2.00 X X 0 0 0 NELSON S WALSH VICE-CHAIR 2.00 X X 0 0 0 JOHN DARBY TREASURER 2.00 X X 0 0 0 KRISTAN CARLSON ANDERSEN SECRETARY 2.00 X X 0 0 0 MELISSA BALBACH TRUSTEE 2.00 X 0 0 0 KATIE CAMPOS TRUSTEE 2.00 X 0 0 0 LISA CORRIN TRUSTEE 2.00 X 0 0 0 GREGORY DESAUTELS TRUSTEE 2.00 X 0 0 0 BRIGID DOHERTY TRUSTEE 2.00 X 0 0 0 ANDREW FORS TRUSTEE 2.00 X 0 0 0 ANTHONY HABIB TRUSTEE 2.00 X 0 0 0 BRIDGET LETT TRUSTEE 2.00 X 0 0 0 ALEXANDRA JEWETT MCPHERSON TRUSTEE 2.00 X 0 0 0 JEFFREY MEYER TRUSTEE 2.00 X 0 0 0 MATTHEW D MILLER TRUSTEE 2.00 X 0 0 0 MICHAEL F NEWMAN TRUSTEE 2.00 X 0 0 0 BONNIE PADWA TRUSTEE 2.00 X 0 0 0 MONTGOMERY POOLEY TRUSTEE 2.00 X 0 0 0 SCOTT SOCHA TRUSTEE 2.00 X 0 0 0 ALYSON SPAULDING TRUSTEE 2.00 X 0 0 0 ASHOK SUBRAMANIAN TRUSTEE 2.00 X 0 0 0 CYNTHIA VANCE TRUSTEE 2.00 X 0 0 0 THEODORE BK WALSH TRUSTEE 2.00 X 0 0 0 CHRISTOPHER D BURNER HEAD OF SCHOOL 50.00 X 379285 0 38290 DANIEL DOLAN CHIEF FINANCIAL OFFICER 50.00 X 160075 0 31880 RAMONE A ALEXANDER DIRECTOR OF INCLUSIVITY AND COMMUNITY BUILDING 50.00 X 101705 0 21520 ROBERT STEWART ATHLETIC DIRECTOR 50.00 X 108935 0 25640 LESLIE GARCIA DIRECTOR OF ADVANCEMENT 50.00 X 117865 0 12450 ARANYA MARITIME HEAD OF UPPER SCHOOL 50.00 X 119335 0 7060 MICHAEL SULLIVAN DIRECTOR OF TECHNOLOGY 50.00 X 116385 0 0 1103585 0 136840 8 0 1 0 SAGE DINING SERVICES INC 1402 YORK RD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 577357 RP OAK HILL BUILDING COMPANY 3556 LAKESHORE RD SUITE 620 BUFFALO NY 14219 BUILDING CONTRACTOR 251875 TIEDEMANN ADVISORS 520 MADISON AVENUE NEW YORK NY 10022 INVESTMENT ADVISOR 175498 GRAND TOURS 5355 JUNCTION ROAD LOCKPORT NY 14094 TRANSPORTATION SERVICES 122491 4 6300 1946610 20206432 12435575 22159342 TUITION AND FEES 900099 14381083 14381083 STUDENT SERVICES 611710 410058 410058 MANDATED SERVICES 900099 192363 192363 SERVICE CHARGES AND FEES 900099 70606 70606 15054110 367158 367158 384516 391979 -7463 -7463 -7463 32316694 28049193 4267501 4267501 4267501 357341 6300 57631 299710 299710 94727 90722 4005 4005 69331 69331 69331 42213694 15050652 69331 4934369 3672367 3672367 628030 166687 325601 135742 7518380 6195194 811317 511869 351989 281591 49279 21119 867879 694303 121503 52073 609585 487668 85342 36575 114690 114690 26400 26400 233380 233380 439515 379428 50020 10067 58378 39112 19266 880181 750464 97534 32183 360206 288165 50429 21612 315147 286784 18909 9454 83250 73449 9801 114375 64532 45756 4087 1384972 1260325 83098 41549 42618 38782 2557 1279 STUDENT SERVICES 757778 757778 PRINTING AND PUBLICATIO 223818 36607 187211 COMMUNITY ENGAGEMENT 96968 96968 STUDENT ATHLETIC ACTIVI 55924 55924 18835830 15490048 2164728 1181054 11427182 15084586 4681255 7770830 160585 54600 34028 34176 108397 96932 43795603 21387693 23052245 22407910 16754804 48752726 15036834 2007838 5009440 5793881 76264770 102003479 1523495 1492568 5222258 6249019 1946610 494033 460591 9186396 8202178 X 28345682 32017378 38732692 61783923 67078374 93801301 76264770 102003479 X 23377864 2485090 859973 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 113357 X X 0 31791638 1266189 7729393 702585 546435 233379 39304821 31705637 1619095 -132449 663293 559825 177527 31791638 29516729 1723305 1835968 653811 547211 169343 31705637 28480951 278980 2098157 649780 533251 158328 29516729 25771357 1680043 2311205 643595 510918 127141 28480951 0.09000 0.65000 0.26000 0 0 3018697 3018697 35206851 17513251 17693600 5349402 3767147 1582255 220653 107295 113358 22407910 RECEIVABLE FROM CHARITABLE TRUSTS 5793881 5793881 OTHER POST-EMPLOYMENT BENEFITS 390100 AGENCY FUNDS 20122 COMPUTER LEASE 50369 460591 42118719 2485090 -3051066 -565976 42684695 -471001 -471001 42213694 15395792 540332 540332 14855460 233380 3746990 3980370 18835830 PART III, LINE 4: ART WORK IS DISPLAYED THROUGHOUT THE SCHOOL TO ENHANCE THE ARTS AS PART OF THE OVERALL SCHOOL CURRICULUM. PART V, LINE 4: ENDOWMENT FUNDS ARE USED MAINLY TO PROVIDE FINANCIAL AID TO STUDENTS AND SUPPORT PROGRAMS OF THE SCHOOL, OR AS STIPULATED BY DONORS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE TRUSTS 929,304. CAMPAIGN EXPENSES -74,623. FINANCIAL AID -3,672,367. INVESTMENT MANAGEMENT FEES -233,380. PART XI, LINE 4B - OTHER ADJUSTMENTS: CAMPUS STORE COST OF GOODS SOLD -90,722. FUNDRAISING EXPENSES -57,631. RENTAL EXPENSES -391,979. PASSTHROUGH FROM FORMS K-1 69,331. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAMPUS STORE COST OF GOODS SOLD 90,722. FUNDRAISING EXPENSES 57,631. RENTAL EXPENSES 391,979. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,672,367. CAMPAIGN EXPENSES 74,623. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 OUR POLICY IS INCLUDED IN ALL PRINT ADS AND MATERIALS, INCLUDING ALL ADMISSION BROCHURES AND LITERATURE. AUCTION 363641 6300 357341 14960 42671 363641 6300 357341 14960 42671 57631 299710 1 FINANCIAL AID TO STUDENTS 261 0 3672367 FMV COST OF TUITION PART I, LINE 2: FINANCIAL AID POLICIES ARE DEFINED, ESTABLISHED AND REVIEWED ON A REGULAR BASIS BY THE FINANCIAL AID COMMITTEE. THE FINANCIAL AID COMMITTEE IS COMPRISED OF SEVERAL INDIVIDUALS INCLUDING THE HEAD OF SCHOOL, DIRECTOR OF FINANCIAL AID AND DIRECTOR OF ADMISSIONS. THE DISTRIBUTION OF FINANCIAL AID IS MONITORED BY THE COMMITTEE. ALL FAMILIES THAT ARE APPLYING FOR FINANCIAL AID MUST COMPLETE AN APPLICATION IN THE SSS FINANCIAL AID SYSTEM. THE COMMITTEE REVIEWS ALL SSS FORMS AND GRANTS AWARDS BASED UPON NEED AND AVAILABILITY OF FUNDS. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER D BURNER HEAD OF SCHOOL 304685 0 54600 0 20000 0 14090 0 24200 0 417575 0 0 0 DANIEL DOLAN CHIEF FINANCIAL OFFICER 149170 0 5000 0 5905 0 9935 0 21945 0 191955 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS PROVIDED WITH A HOUSING ALLOWANCE THAT IS INCLUDED AS PART OF HIS COMPENSATION. THIS ALLOWANCE IS PROVIDED AS IT IS EXPECTED THAT HE ENTERTAIN VARIOUS INDIVIDUALS (I.E. BOARD MEMBERS) IN HIS HOME AND BE AVAILABLE FOR DUTY AT ALL TIMES FOR THE CONVENIENCE OF THE SCHOOL AS PART OF HIS DUTIES AS HEAD OF SCHOOL. THE HEAD OF SCHOOL IS ALSO A MEMBER OF A LOCAL SOCIAL CLUB THAT IS USED 100% FOR BUSINESS PURPOSES TO ENTERTAIN CERTAIN INDIVIDUALS INCLUDING BOARD MEMBERS, DONORS, AND POTENTIAL DONORS. X 30 12435575 FMV 0 1 1 PART I, LINE 32B: IT IS THE SCHOOL'S POLICY TO SELL ALL STOCK GIFTS WHEN RECEIVED. THE STOCKS ARE SOLD THROUGH AN UNRELATED BROKER. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE SCHOOL'S INDEPENDENT PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE CONTROLLER. A DETAILED REVIEW IS CONDUCTED BY THE HEAD OF THE SCHOOL, CFO AND CONTROLLER AND IS THEN PROVIDED TO THE EXECUTIVE COMITTEE FOR APPROVAL. THE 990 IS THEN MADE AVAILABLE TO THE ENTIRE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES SIGN A WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY. KEY EMPLOYEES ALSO SIGN A CONFLICT OF INTEREST POLICY. FOR ALL OTHER EMPLOYEES, THERE IS A CONFLICT OF INTEREST POLICY IN THE EMPLOYEE HANDBOOK. THE EMPLOYEE HANDBOOK IS MAINTAINED ON THE SCHOOL'S PAYROLL SYSTEM COMPUTER NETWORK ACCESSIBLE BY ALL EMPLOYEES. IF A CONFLICT ARISES WITH A BOARD MEMBER, THE BOARD MEMBER WOULD ABSTAIN FROM VOTING ON THAT ISSUE. IF A CONFLICT ARISES WITH AN EMPLOYEE, THE AGREEMENT WOULD BE REVIEWED BY AN INDEPENDENT OFFICER OR KEY STAFF MEMBER. FORM 990, PART VI, SECTION B, LINE 15 SALARIES OF TOP MANAGEMENT OF THE SCHOOL ARE VALIDATED BY EXTERNAL SOURCES AND APPROVED BY THE APPROPRIATE COMMITTEE OF THE BOARD ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE STATED DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND MAY BE REVIEWED AT THE SCHOOL. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE TRUSTS 929,304. PASSTHROUGH FROM FORMS K-1 -69,331. FORM 990, PART XI, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.