2022-04-18T08:30:20-05:00 2021-06-30 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2020-07-01 131635286 THE SPENCE SCHOOL SPEN 2122895940 22 EAST 91ST STREET NEW YORK NY 10128 ELYSE WATERHOUSE DIR. OF FIN. AND OP. 2122895940 2022-04-14 1 ELYSE WATERHOUSE 999009999 WILLIAM EPSTEIN P01307171 2129498700 2022-04-14 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z ELLANOR BRIZENDINE 22 EAST 91ST STREET NEW YORK NY 10128 141736627 0 X WWW.SPENCESCHOOL.ORG X 1928 NY TO PREPARE A DIVERSE COMMUNITY OF GIRLS/YOUNG WOMEN FOR THE TRANSFORMATION OF SELF AND THE WORLD. 25 25 360 200 28735 0 26815489 7020707 42661632 45304843 3215059 20668406 -16475 -16390 72675705 72977566 6501004 7083432 0 0 33062220 36106014 98239 5100 2087025 13188577 15608919 52850040 58803465 19825665 14174101 336674392 416454517 24863313 68195388 311811079 348259129 WITH A COMMITMENT TO ACADEMIC EXCELLENCE AND PERSONAL INTEGRITY, THE SPENCE SCHOOL PREPARES A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE. 0 0 50996579 7083432 45304843 THE SPENCE SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL PROVIDING AN EDUCATION FOR GIRLS IN GRADES KINDERGARTEN THROUGH 12. 50996579 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 101 0 360 1 1 1 1 CJ 0 0 0 0 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ELYSE WATERHOUSE 6469436822 22 EAST 91ST STREET NEW YORK NY 10128 WILLIAM L JACOB III PRESIDENT 10.00 X X 0 0 0 ANAND DESAI VICE PRESIDENT 2.00 X X 0 0 0 KIMBERLY KRAVIS VICE PRESIDENT 2.00 X X 0 0 0 AKUEZUNKPA UDE WELCOME VICE PRESIDENT 2.00 X X 0 0 0 ARTHUR CHU SECRETARY 2.00 X X 0 0 0 ERICA DESAI TRUSTEE 2.00 X 0 0 0 GEORGE R BASON JR TRUSTEE 2.00 X 0 0 0 LAUREN KLEINBERG LEVY TRUSTEE 2.00 X 0 0 0 MICHAEL P CLIFFORD TRUSTEE 2.00 X 0 0 0 VANESSA CORNELL TRUSTEE 2.00 X 0 0 0 AMY GRIFFIN TRUSTEE 2.00 X 0 0 0 SONNY KALSI TRUSTEE 2.00 X 0 0 0 MEREDITH RUBEL LIPSHER TRUSTEE 2.00 X 0 0 0 C CYBELE RAVER TRUSTEE 2.00 X 0 0 0 JAMES SHULMAN TRUSTEE 2.00 X 0 0 0 JOSE TAVAREZ TRUSTEE 2.00 X 0 0 0 JUDITH JOSEPH JENKINS TRUSTEE 2.00 X 0 0 0 STACEY ST ROSE TRUSTEE 2.00 X 0 0 0 HANNAH O BOZIAN TRUSTEE 2.00 X 0 0 0 ALEXIS MCGILL JOHNSON TRUSTEE 2.00 X 0 0 0 AHRIN MISHAN TRUSTEE 2.00 X 0 0 0 ANYA HERZ SHIVA TRUSTEE 2.00 X 0 0 0 BRYCE MARKUS TRUSTEE 2.00 X 0 0 0 CARLOS FIERRO TRUSTEE 2.00 X 0 0 0 JOSEPH DRAYTON TRUSTEE 2.00 X 0 0 0 ELLANOR N BRIZENDINE HEAD OF SCHOOL 40.00 X 930151 0 58118 ELYSE WATERHOUSE DIRECTOR OF FINANCE&OPERAT 40.00 X 531167 0 39330 MICHELE KRAUTHAMER HEAD OF UPPER SCHOOL 40.00 X 302403 0 18067 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 40.00 X 282374 0 37127 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 40.00 X 281874 0 37127 ERIC ZAHLER DIRECTOR OF TEACHING 40.00 X 285104 0 37127 CHRISTOPHER YORK INFO. SYSTEMS MANAGER 40.00 X 278306 0 36384 MICHELE MURPHY DIRECTOR OF CURRICULUM 40.00 X 263804 0 48734 DANA CROWELL CO-DIR. OF COLLEGE COUNSEL 40.00 X 247968 0 43613 ELIZABETH PILI CO-DIR. OF COLLEGE COUNSEL 40.00 X 251758 0 35941 3654909 0 391568 111 0 1 0 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION SVCS. 26219628 ZUBATKIN OWNER REPRESENTATION LLC 333 WEST 52ND STREET NEW YORK NY 10019 CONSTRUCTION MGMT. 578873 ROGERS PARTNERS PLC 100 READE STREET NEW YORK NY 10013 ARCHITECTURE DESIGN 540785 GREEN ONE Q CORP PO BOX 580065 FLUSHING NY 10013 CLEANING SERVICES 274665 NEW YORK GREEN ROOFS LLC 63 MEADOW STREET BROOKLYN NY 11206 CONSTRUCTION SVCS. 161918 9 560983 6459724 2016185 7020707 TUITION 611710 44468203 44468203 OTHER PROGRAM SERVICE REVENUE 611710 348362 348362 MUSIC PROGRAM FEES 611710 287325 287325 STUDENT FEES 611710 200953 200953 45304843 1989109 1989109 87438358 68759061 18679297 18679297 45125 18634172 PASS THRU LOSS-LTD. PARTNERSHIP -16390 -16390 -16390 72977566 45304843 28735 20623281 7083432 7083432 2517737 1947240 570497 25322810 23019325 1015350 1288135 2078158 1895429 103328 79401 4188843 3820524 208274 160045 1998466 1822744 99366 76356 205907 205907 69000 69000 64161 64161 5100 5100 173036 173036 677016 363746 219928 93342 254685 124782 12480 117423 1363834 1061479 257473 44882 830065 526823 259211 44031 2209503 1765412 442019 2072 335286 327784 3409 4093 482819 339926 39204 103689 423404 338723 84681 6547419 5237935 1309484 450881 360705 90176 OTHER EXPENSES 1064466 503133 492877 68456 FOOD SERVICE 457437 457437 58803465 50996579 5719861 2087025 1500 1500 18607697 48555228 15405387 12058019 1182874 4439785 6703 9091 2327227 996684 283167459 71918882 197277062 211248577 73265487 86594537 28067570 52054456 532885 496640 336674392 416454517 4070740 2579809 10344293 25907197 10448280 39708382 24863313 68195388 X 151922144 209160622 159888935 139098507 311811079 348259129 336674392 416454517 X 14174101 22521649 -247700 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 64161 64161 0 PART II-B, LINE 1: LOBBYING ACTIVITIES: AMOUNT REPRESENTS PAYMENTS TO CONSULTANT FOR GOVERNMENT AND COMMUNITY RELATIONS. 109817217 2070764 42975870 4532000 150331851 90144262 21641691 2267264 4236000 109817217 88038314 989682 5047266 3931000 90144262 84878598 715693 6146023 3702000 88038314 80181532 957956 7264110 3525000 84878598 0.08580 0.59330 0.32090 0 0 30693288 30693288 242402348 62617082 179785266 10071823 9301800 770023 211248577 HEDGE FUNDS 11288020 F PRIVATE EQUITY FUNDS 40766436 F 52054456 X 88242747 22521649 22521649 65721098 173036 7083432 7256468 72977566 51794697 247700 247700 51546997 173036 7083432 7256468 58803465 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF BOTH INDIVIDUAL DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE ENDOWMENT FUNDS OF THE SCHOOL ARE INTENDED TO BE USED TO SUPPORT ITS LONG-TERM MISSION. 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, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. FOR THE SCHOOL, THESE PROVISIONS COULD BE APPLICABLE TO THE INCURRENCE OF UNRELATED BUSINESS INCOME TAX ATTRIBUTABLE TO CERTAIN OF THE SCHOOL'S PASS-THROUGH INVESTMENT ACTIVITIES AND RENTAL INCOME ACTIVITIES. HOWEVER, DUE TO THE SCHOOL'S GENERAL TAX-EXEMPT STATUS, 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 - OTHER ADJUSTMENTS: FINANCIAL AID WHICH WAS NETTED FOR FINANCIAL REPORTING PURPOSES. 7,083,432. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGES. 247,700. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID WHICH WAS NETTED FOR FINANCIAL REPORTING PURPOSES. 7,083,432. 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 PUBLICIZES ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES AN APPROPRIATION FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR THE PERFORMANCE OF MANDATED SERVICES AND FUNDING FOR SAFETY EQUIPMENT. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 43964253 0 0 0 0 0 0 43964253 0 43964253 1 0 0 0 1 0 PART I, LINE 3: AMOUNT REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: PART IV, LINES 1 AND 5: FORM 926: THE SCHOOL WAS A U.S. TRANSFEROR OF PROPERTY TO FOREIGN CORPORATIONS DURING THE TAX YEAR. FORM 8865: THE SCHOOL HAD AN OWNERSHIP INTEREST IN FOREIGN PARTNERSHIPS DURING THE TAX YEAR. 1 FINANCIAL AID PROVIDED TO STUDENTS 140 7083432 FAIR MARKET VALUE TUITION REDUCTION PART I, LINE 2 THE SPENCE SCHOOL REQUESTS THAT FAMILIES APPLYING FOR NEED-BASED FINANCIAL AID ANNUALLY SUBMIT THE PARENTS' FINANCIAL STATEMENTS TO SCHOOL AND STUDENT SERVICES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ("NAIS"), AS WELL AS PROVIDE COPIES OF FINANCIAL INFORMATION, SUCH AS TAX RETURNS AND W-2 FORMS. ALL GRANTS OF FINANCIAL AID ARE APPLIED TO A RECIPIENT'S OUTSTANDING TUITION CHARGES. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 ELLANOR N BRIZENDINE HEAD OF SCHOOL 930151 0 0 0 0 0 43791 0 14327 0 988269 0 0 0 ELYSE WATERHOUSE DIRECTOR OF FINANCE&OPERAT 531167 0 0 0 0 0 25746 0 13584 0 570497 0 0 0 ERIC ZAHLER DIRECTOR OF TEACHING 285104 0 0 0 0 0 22800 0 14327 0 322231 0 0 0 MICHELE KRAUTHAMER HEAD OF UPPER SCHOOL 302403 0 0 0 0 0 11150 0 6917 0 320470 0 0 0 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 282374 0 0 0 0 0 22800 0 14327 0 319501 0 0 0 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 281874 0 0 0 0 0 22800 0 14327 0 319001 0 0 0 CHRISTOPHER YORK INFO. SYSTEMS MANAGER 278306 0 0 0 0 0 22800 0 13584 0 314690 0 0 0 MICHELE MURPHY DIRECTOR OF CURRICULUM 263804 0 0 0 0 0 22800 0 25934 0 312538 0 0 0 DANA CROWELL CO-DIR. OF COLLEGE COUNSEL 247968 0 0 0 0 0 23266 0 20347 0 291581 0 0 0 ELIZABETH PILI CO-DIR. OF COLLEGE COUNSEL 251758 0 0 0 0 0 21614 0 14327 0 287699 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES HOUSING TO THE HEAD OF SCHOOL. THE HOUSING BENEFIT IS PART OF THE EMPLOYMENT CONTRACT OF THE HEAD OF SCHOOL. PART I, LINE 3 COMPENSATION: A SUBCOMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE ANNUAL COMPENSATION FOR THE HEAD OF THE SCHOOL. A COMPENSATION COMMITTEE COMPRISED OF STAFF AND BOARD MEMBERS RECOMMENDS TO THE BOARD AN OVERALL PERCENTAGE FOR COMPENSATION INCREASES. THE COMMITTEE THEN ALLOCATES TO THE SALARY SCALE FOR TEACHING STAFF. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR NON-TEACHING STAFF WITHIN THE OVERALL INCREASE APPROVED. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA. PART I, LINE 4B THE SCHOOL MAINTAINS A SECTION 457(B) DEFERRED-COMPENSATION PLAN FOR ITS HEAD OF SCHOOL. THE AMOUNT CONTRIBUTED TO THE PLAN BY THE SCHOOL WAS $18,045. A BUILD NYC RESOURCE CORPORATION 454040561 2013-09-25 14080000 EXPANSION/ACQUISITION OF SPACE 0 0 0 A 14080000 310784 13769216 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 1 A 1 SEE SUPP INFORMATION BOARD MEMBERS 105793 GRANTS PART III, LINE 1: AS PART OF THE SCHOOL'S EFFORTS TO SUPPORT ECONOMIC DIVERSITY AND TO PROVIDE ASSISTANCE TO ANY AND ALL COMMUNITY MEMBERS WITH DEMONSTRATED NEED, DURING THE 20-21 SCHOOL YEAR, THE SCHOOL PROVIDED AN AGGREGATE OF $105,793 IN FINANCIAL AID TO THREE BOARD OF TRUSTEES MEMBERS. X 54 2016185 COMPARABLE SALES 0 1 1 PART I, COLUMN (B): THE AMOUNT REPORTED REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: THE SCHOOL USES A THIRD PARTY BROKER TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES ANAND DESAI AND ERICA DESAI ARE HUSBAND AND WIFE AND TRUSTEES JOSEPH DRAYTON AND STACEY ST. ROSE ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B THE FORMS 990, 990-T AND CT-13 ARE DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE DISTRIBUTED ANNUALLY FOR COMPLETION TO ALL TRUSTEES AND KEY EMPLOYEES AT A BOARD MEETING AND COLLECTED AT THE END OF THE MEETING. THE ASSISTANT TO THE HEAD OF SCHOOL FOLLOWS UP WITH ANY TRUSTEES WHO WERE NOT PRESENT. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED AND APPROVED BY THE OFFICERS OF THE BOARD OF TRUSTEES BASED UPON COMPARATIVE DATA PUBLISHED BY PEER SCHOOLS AND THEN RATIFIED BY THE BOARD OF TRUSTEES. THE HEAD OF SCHOOL ALSO HAS A WRITTEN EMPLOYMENT AGREEMENT. THE COMPENSATION OF THE DIRECTOR OF FINANCE AND OPERATIONS AND KEY EMPLOYEES IS REVIEWED BY THE HEAD OF SCHOOL AND THE PRESIDENT OF THE BOARD OF TRUSTEES. COMPARATIVE DATA FROM PEER SCHOOLS IS USED TO MAKE SURE COMPENSATION IS AT CURRENT MARKET RATES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THE FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGES -247,700.