2022-05-12T16:57:44-05:00 2021-06-30 135565207 KPMG LLP 1601 MARKET STREET PHILADELPHIA PA 19103 990 2020-07-01 135562167 BANK STREET COLLEGE OF EDUCATION BANK 2128754400 610 WEST 112TH STREET NEW YORK NY 100251120 APARNA MURALIDHARAN CFO 2128754400 2022-05-11 1 APARNA MURALIDHARAN 999009999 TESS FANNING P02033722 2672567000 2022-05-11 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z SHAEL POLAKOW-SURANSKY 610 WEST 112TH STREET NEW YORK NY 100251120 85870513 0 X WWW.BANKSTREET.EDU X 1931 NY BANK STREET COLLEGE OF EDUCATION IS AN INDEPENDENT CO-EDUCATIONAL INSTITUTION. SEE SCHEDULE O. 29 28 780 1000 174583 0 16173838 20549952 46779539 47853585 770852 4435662 726851 429960 64451080 73269159 8688061 11516075 0 0 45129232 42412362 0 0 2437471 14990131 16779570 68807424 70708007 -4356344 2561152 91645236 101176489 44425104 39742059 47220132 61434430 X BANK STREET COLLEGE OF EDUCATION IS AN INDEPENDENT CO-EDUCATIONAL INSTITUTION. FOR MORE INFORMATION, SEE SCHEDULE O.THE MISSION OF BANK STREET COLLEGE IS TO IMPROVE THE EDUCATION OF CHILDREN AND THEIR TEACHERS BY APPLYING TO THE EDUCATION PROCESS ALL AVAILABLE KNOWLEDGE ABOUT LEARNING AND GROWTH, AND BY CONNECTING TEACHING AND LEARNING MEANINGFULLY TO THE OUTSIDE WORLD. IN SO DOING, WE SEEK TO STRENGTHEN NOT ONLY INDIVIDUALS, BUT THE COMMUNITY AS WELL, INCLUDING FAMILY, SCHOOL, AND THE LARGER SOCIETY IN WHICH ADULTS AND CHILDREN, IN ALL THEIR DIVERSITY, INTERACT AND LEARN. WE SEE IN EDUCATION THE OPPORTUNITY TO BUILD A BETTER SOCIETY. 0 0 23447960 3116342 24830035 SCHOOL FOR CHILDREN - BANK STREET HAS BEEN SERVING STUDENTS FOR 100 YEARS BY PROVIDING HIGH QUALITY EARLY CHILDHOOD PROGRAMS WHICH INCLUDE AN INDEPENDENT PROGRESSIVE SCHOOL FOR CHILDREN, AN ONSITE FAMILY CENTER AND AFTER SCHOOL AND SUMMER CAMP PROGRAMS. THE FAMILY CENTER, THE SCHOOL FOR CHILDREN, AFTER SCHOOL AND SUMMER CAMP ARE REFERRED TO AS CHILDREN'S PROGRAMS AT BANK STREET, AND ARE ADMINISTERED BY THE DEAN OF CHILDREN'S PROGRAMS. 17339599 7151973 16796060 GRADUATE SCHOOL - BANK STREET'S GRADUATE SCHOOL OF EDUCATION OFFERS MASTER'S PROGRAMS THAT INTEGRATE DIRECT EXPERIENCE WITH CHILDREN, TEACHERS AND FAMILIES, EXPLORATION AND EXAMINATION OF THEORY AND OBSERVATION AND REFLECTION. OUR GRADUATE DEGREES IN EDUCATION PROVIDE OUR STUDENTS WITH A THOROUGH, RIGOROUS, HUMANISTIC FOUNDATION FOR THEIR CAREERS IN EARLY CHILDHOOD, ELEMENTARY, AS WELL AS EDUCATIONAL LEADERSHIP, MUSEUM EDUCATION, CHILD LIFE, AND READING AND LITERACY. WE PREPARE EDUCATORS TO FIND WAYS TO MAKE LEARNING VITAL, ACTIVE, AND CREATIVE. 11075905 1247760 6396862 BSEC - THE BANK STREET EDUCATION CENTER PARTNERS WITH SCHOOLS, SCHOOL SYSTEMS, STATES, AND COMMUNITITES TO FOSTER POSITIVE LEARNING OUTCOMES FOR STUDENTS AND EDUCATORS AND TO ADVANCE PRACTICE AND POLICY IN THE FIELD OF EDUCATION NATIONWIDE. FOR MORE INFORMATION, SEE SCHEDULE O.OUR WORK AIMS TO IMPROVE THE CARE AND EDUCATION OF STUDENTS FROM BIRTH THROUGH HIGHER EDUCATION BY STRENGTHENING AND ENABLING THE SUCCESS OF THE ADULTS WHO SUPPORT THEM. THROUGH A DISTINCT SET OF SPECIALIZED PROGRAMS AND PARTNERSHIPS, THE BANK STREET EDUCATION CENTER IS BUILDING AN EVIDENCE BASE TO INFORM LOCAL PRACTICE AND ADDRESS SOME OF THE NATION'S DEEPEST ORGANIZATIONAL CHALLENGES CURRENTLY HINDERING EFFECTIVE AND EQUITABLE TEACHING AND LEARNING FOR ALL. 2076727 90230 AUXILIARY ACTIVITIES 2076727 90230 53940191 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 95 0 1 780 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X ERIN FLANSBURG 2129613358 610 WEST 112TH ST NEW YORK NY 10025 SHAEL POLAKOW-SURANSKY PRESIDENT & TRUSTEE 35.00 0.00 X X 517243 0 206883 ANTHONY ASNES TRUSTEE 1.00 0.00 X 0 0 0 CHARLES R BENDIT TRUSTEE 1.00 0.00 X 0 0 0 JAY CHAKRAPANI TRUSTEE 1.00 0.00 X 0 0 0 JONATHAN COLE TRUSTEE 1.00 0.00 X 0 0 0 YOLANDA C FERRELL-BROWN TRUSTEE AND CHAIR 1.00 0.00 X X 0 0 0 FELICE FRIEDMAN TRUSTEE 1.00 0.00 X 0 0 0 OFELIA GARCIA TRUSTEE 1.00 0.00 X 0 0 0 RUSSELL GRANET TRUSTEE (JOINED 7/1/20) 1.00 0.00 X 0 0 0 VICTORIA HAMILTON TRUSTEE 1.00 0.00 X 0 0 0 MARGARET HONEY TRUSTEE 1.00 0.00 X 0 0 0 JOSH ISAY TRUSTEE (LEFT 9/30/20) 1.00 0.00 X 0 0 0 KRISTEN KANE TRUSTEE 1.00 0.00 X 0 0 0 FERN KHAN TRUSTEE 1.00 0.00 X 0 0 0 KENNETH LERER TRUSTEE 1.00 0.00 X 0 0 0 LISA LEWIN TRUSTEE (JOINED 7/1/20) 1.00 0.00 X 0 0 0 ADAM LITKE TRUSTEE 1.00 0.00 X 0 0 0 REBECCA MAI TRUSTEE 1.00 0.00 X 0 0 0 ADAM MAX TRUSTEE (LEFT 7/31/20) 1.00 0.00 X 0 0 0 DAVID ORR TRUSTEE (JOINED 7/1/20) 1.00 0.00 X 0 0 0 ELIZABETH S PFORZHEIMER TRUSTEE AND VICE CHAIR 1.00 0.00 X X 0 0 0 SANDRA PINNAVAIA TRUSTEE 1.00 0.00 X 0 0 0 CAMILLA RAB TRUSTEE 1.00 0.00 X 0 0 0 CLAUDIA ROMO EDELMAN TRUSTEE (LEFT 7/31/20) 1.00 0.00 X 0 0 0 BARBARA SCHATZ TRUSTEE 1.00 0.00 X 0 0 0 ANNE V SHUTKIN TRUSTEE AND SECRETARY 1.00 0.00 X X 0 0 0 JEFFREY Q SMITH TRUSTEE 1.00 0.00 X 0 0 0 HOWARD S STEIN TRUSTEE AND TREASURER 1.00 0.00 X X 0 0 0 JEFFREY I SUSSMAN TRUSTEE AND VICE CHAIR 1.00 0.00 X X 0 0 0 KEVIN WOODRUFF TRUSTEE (LEFT 6/30/21) 1.00 0.00 X 0 0 0 ROSE KLEIN YOUNG TRUSTEE 1.00 0.00 X 0 0 0 WENDY VAN AMSON TRUSTEE 1.00 0.00 X 0 0 0 DEBBIE ZLOTOWITZ TRUSTEE 1.00 0.00 X 0 0 0 JUSTIN TYACK CHIEF OPERATING OFFICER 35.00 0.00 X 311047 0 32895 APARNA MURALIDARHAN CHIEF FINANCIAL OFFICER 35.00 0.00 X 112474 0 28448 DOUGLAS KNECHT DEAN, SCHOOL FOR CHILDREN 35.00 0.00 X 252379 0 67041 JED LIPPARD UNTIL 83120 DEAN, SCHOOL FOR CHILDREN 35.00 0.00 X 251845 0 81880 MARCELA HAHN ASSOCIATE VP, DERO 35.00 0.00 X 215810 0 31922 CECELIA TRAUGH DEAN, GRAD SCHOOL 35.00 0.00 X 209582 0 57146 TRACY FRAY-OLIVER DIRECTOR, BANK ST ED CENTER 35.00 0.00 X 195476 0 29895 LAURA GUARINO ASSOCIATE DEAN, SCHOOL FOR CHILDREN 35.00 0.00 X 182171 0 31513 PREETI FIBIGER DIVISION HEAD, SCHOOL FOR CHILDREN 35.00 0.00 X 167200 0 9050 SULEYNI ABREU ADMINISTRATIVE OFFICER, CAO OFFICE 35.00 0.00 X 164733 0 32971 EMILY SHARROCK DEP. EXEC. DIRECTOR, BANK ST ED CENTER 35.00 0.00 X 159832 0 25006 ERIN FLANSBURG CONTROLLER 35.00 0.00 X 159428 0 31074 2899220 0 665724 73 0 1 0 JOHN GALLIN & SON INC 102 MADISON AVE NEW YORK NY 10016 RENOVATION SERVICES 3036284 METEOR LEARNING INC 301 EDGEWATER PL STE 210 WAKEFIELD MA 18880 ONLINE LEARN CONS 1290616 DRIVESTREAM INC 45610 WOODLAND ROAD STE 150 STERLING VA 20166 PAYROLL CONSULTING 373131 MACRO CONSULTANTS LLC 1040 AVE OF THE AMERICAS 15TH FL NEW YORK NY 10018 PROJECT MANAGEMENT 360868 BLACKBAUD 2000 DANIEL ISLAND DR CHARLESTON SC 29492 CONSULTING 303473 19 1243009 12816624 6490319 249674 20549952 TUITION AND FEES 611600 39018076 39018076 PROF DEVELOPMENT FEES 611430 8769774 8769774 AUXILIARY ACTIVITIES 722320 65735 65735 47853585 1014768 1014768 10159 10159 15995167 12574273 3420894 3420894 3420894 2500 1243009 16886 -14386 -14386 184778 10195 174583 174583 FEES-WORKSHOPS/CONF 611710 108410 108410 EXPENSE RECOVERY 900099 13595 13595 137599 137599 259604 73269159 48113189 174583 4431435 1247760 1247760 10268315 10268315 2635387 1008390 1333461 293536 30515141 23236157 6097177 1181807 1737623 1323136 347191 67296 5230624 3982927 1045120 202577 2293587 1746482 458277 88828 236624 15000 221624 225045 49600 175445 80204 80204 162540 162540 4882579 3380270 1292679 209630 235335 195142 39768 425 1122042 716502 293380 112160 420665 161510 259155 3849093 2828281 900126 120686 15594 6539 7519 1536 320310 152414 160764 7132 718679 528079 168066 22534 2962898 2177112 692886 92900 347624 257347 79263 11014 BANK FEES 209634 124351 61720 23563 MEMBERSHIP FEES 116370 72375 42148 1847 874334 462502 411832 70708007 53940191 14330345 2437471 2512281 5091287 2759125 2377948 6491896 4893800 2775953 2143861 27916 27916 360668 964209 1068301 65197810 36115110 28716305 29082700 46185350 55585013 300137 260362 551396 645301 91645236 101176489 6305424 6170452 5780135 6439292 18116489 18902909 14223056 8229406 44425104 39742059 X 4313587 8782869 42906545 52651561 47220132 61434430 91645236 101176489 X 2561152 6944054 4709092 X 0 1 X 1 1 1 X 11234896 11487832 12287786 16173838 20549952 71734304 11234896 11487832 12287786 16173838 20549952 71734304 12696230 59038074 913449 1084076 5298622 1189927 1024927 9511001 359865 601411 781164 660838 262104 2665382 83910687 244332572 0.70360 0.67430 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 359,865. 2017 AMOUNT: $ 601,411. 2018 AMOUNT: $ 781,164. 2019 AMOUNT: $ 660,838. 2020 AMOUNT: $ 262,104. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 80204 80204 0 PART II-B, LINE 1: BANK STREET COLLEGE OF EDUCATION HIRED A CONSULTING FIRM THAT SPECIALIZES IN LOBBYING ACTIVITIES RELATED TO THE HIGHER EDUCATION INDUSTRY. THE COLLEGE PAID $78,000 TO LOBBYING CONSULTANTS DURING THE YEAR ENDED JUNE 30, 2021. IN ADDITION, THE COLLEGE IS A MEMBER OF VARIOUS ORGANIZATIONS THAT PROMOTE THE NEEDS OF HIGHER EDUCATION, AS WELL AS PROVIDE INFORMATION TO THE INDUSTRY (E.G. NACUBO). APPROXIMATELY 7% OF ANNUAL DUES IS ATTRIBUTED TO LOBBYING ACTIVITIES AND INCLUDED IN LINE 1J. 29299081 78566 7427977 1775946 35029678 30583675 75641 -252193 1108042 29299081 29601528 253285 1775390 1046528 30583675 28507697 217869 1796370 920408 29601528 24745894 1247615 3435054 344218 576648 28507697 0.03106 0.96894 0 0 767580 767580 13293528 10128293 3165235 37160338 14959944 22200394 13864913 11026873 2838040 111451 111451 29082700 POSTRETIREMENT HEALTH BENEFIT PLAN 7078715 CONDITIONAL ASSET RETIREMENT OBLIG 506750 REFUNDABLE GOVT LOAN PROGRAM 643941 8229406 X 70208276 6944054 -10144294 -3200240 73408516 162540 -301897 -139357 73269159 55993978 -4407195 -4407195 60401173 162540 10144294 10306834 70708007 PART V, LINE 4: ENDOWMENT FUNDS THE COLLEGE'S ENDOWMENT CONSISTS OF A PORTFOLIO OF FUNDS ESTABLISHED TO PROVIDE BOTH A SOURCE OF OPERATING FUNDS AS WELL AS LONG-TERM FINANCIAL STABILITY. THE ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. ENDOWMENT FUNDS MAY HAVE PURPOSE RESTRICTIONS ON USE OF THE INCOME. PART X, LINE 2: UNCERTAIN TAX POSITIONS THE COLLEGE IS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND THEREFORE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (A) OF THE CODE AND A SIMILAR PROVISION OF THE STATE OF NEW YORK INCOME TAX LAW. ACCORDINGLY, THE COLLEGE IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. THE COLLEGE RECOGNIZES THE BENEFITS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. NO PROVISION FOR INCOME TAXES WAS REQUIRED IN 2021 OR 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND SCHOLARSHIPS -10,144,294. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED AS EXPENSES ON FINANCIAL -10,195. DIRECT COSTS OF FUNDRAISING EVENTS INCLUDED AS EXPENSES ON FINANCIAL -16,886. STIPEND/FELLOWSHIP INCLUDED IN PART IX -220,000. TUITION REIMBURSEMENTS INCLUDED IN PART VIII -54,816. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED AS EXPENSES ON FINANCIAL 10,195. TUITION REIMBURSEMENTS INCLUDED AS EXPENSES ON FINANCIAL 54,816. DIRECT COSTS OF FUNDRAISING EVENTS INCLUDED AS EXPENSES ON FINANCIAL 16,886. ADJUSTMENT FOR CHANGE IN FV OF INTEREST RATE SWAP -466,787. ADJUSTMENT FOR POST RETIREMENT HEALTH BENEFITS -4,242,305. STIPEND/FELLOWSHIP INCLUDED IN PART VIII 220,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND SCHOLARSHIPS 10,144,294. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEE SUPPLEMENTAL PAGE RACIALLY NONDISCRIMINATORY POLICY & GOVERNMENT ASSISTANCE SCHEDULE E, PART I THE COLLEGE PUBLICIZES ITS NON-DISCRIMINATION POLICY IN REGISTRATION MATERIALS, BROCHURES AND ON ITS WEBSITE. THE COLLEGE IS COMMITTED TO ENSURING THAT IT DOES NOT RACIALLY DISCRIMINATE AGAINST ANY INDIVIDUAL. THE COLLEGE RECEIVES FEDERAL AND STATE EDUCATIONAL ASSISTANCE GRANTS SUCH AS PELL, BUNDY AND SIMILAR SOURCES. EUROPE 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 50004 0 0 0 0 0 0 50004 0 50004 0 0 0 0 0 0 PART III ACCOUNTING METHOD: PART I, LINE 3, COLUMN (F) METHOD OF REPORTING EXPENDITURES ACCRUAL METHOD. VIRTUAL FUNDRAISING CALL 1245509 1243009 2500 16886 1245509 1243009 2500 16886 16886 -14386 1 YONKERS PUBLIC SCHOOLS 1 LARKIN CTR YONKERS NY 107012756 136007340 YPS 829760 SCHOOL IMPROVEMENT INITIATIVE THE FUND FOR PUBLIC SCHOOLS INC 52 CHAMBERS ST NEW YORK NY 10007 112656137 501(C)(3) 418000 SCHOOL IMPROVEMENT INITIATIVE 2 0 SCHOLARSHIPS 546 10268315 PART I, LINE 1 AND 2 GRANT ELIGIBILITY & MONITORING THE COLLEGE PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE COLLEGE. ALL SCHOLARSHIPS ISSUED ARE APPLIED DIRECTLY AGAINST THE STUDENT'S TUITION BALANCE; THEREFORE, THE STUDENT CAN EXERCISE NO DISCRETION IN THE USE OF THE FUNDS. SINCE ALL SCHOLARSHIPS DEFRAY COST OF TUITION, NO FURTHER MONITORING OF THE SCHOLARSHIPS IS REQUIRED. PART I, LINE 2 PROGRAM MANAGERS WORK DIRECTLY WITH THE GRANTEES RECEIVING GRANT FUNDS AND MONITOR THE FUNDS ACCORDING TO THE GRANT AGREEMENT. MONITORING INCLUDES CONDUCTING REGULAR CONTACT/WORKING SESSIONS WITH THE GRANTEE OR DIRECT ASSISTANCE WITH THE IMPLEMENTATION OF THE GRANT ACTIVITIES. PART II PROGRAM MANAGERS WORK DIRECTLY WITH GRANTEES RECEIVING GRANT FUNDS AND MONITOR THE FUNDS ACCORDING TO THE GRANT AGREEMENT. MONITORING INCLUDES CONDUCTING REGULAR CONTACT/WORKING SESSIONS WITH THE GRANTEE OR DIRECT ASSISTANCE WITH THE IMPLEMENTATION OF THE GRANT ACTIVITIES. X 1 1 X X X 0 0 0 0 0 0 0 0 0 SHAEL POLAKOW-SURANSKY PRESIDENT & TRUSTEE 479055 0 0 0 38188 0 36443 0 170440 0 724126 0 0 0 JUSTIN TYACK CHIEF OPERATING OFFICER 311047 0 0 0 0 0 17813 0 15082 0 343942 0 0 0 JED LIPPARD UNTIL 83120 DEAN, SCHOOL FOR CHILDREN 221064 0 0 0 30781 0 17633 0 64247 0 333725 0 0 0 DOUGLAS KNECHT DEAN, SCHOOL FOR CHILDREN 238172 0 0 0 14207 0 17633 0 49408 0 319420 0 0 0 CECELIA TRAUGH DEAN, GRAD SCHOOL 209582 0 0 0 0 0 14069 0 43077 0 266728 0 0 0 MARCELA HAHN ASSOCIATE VP, DERO 215810 0 0 0 0 0 12715 0 19207 0 247732 0 0 0 TRACY FRAY-OLIVER DIRECTOR, BANK ST ED CENTER 195476 0 0 0 0 0 12452 0 17443 0 225371 0 0 0 LAURA GUARINO ASSOCIATE DEAN, SCHOOL FOR CHILDREN 182171 0 0 0 0 0 13945 0 17568 0 213684 0 0 0 SULEYNI ABREU ADMINISTRATIVE OFFICER, CAO OFFICE 164733 0 0 0 0 0 10500 0 22471 0 197704 0 0 0 ERIN FLANSBURG CONTROLLER 159428 0 0 0 0 0 10403 0 20671 0 190502 0 0 0 EMILY SHARROCK DEP. EXEC. DIRECTOR, BANK ST ED CENT 159832 0 0 0 0 0 10195 0 14811 0 184838 0 0 0 PREETI FIBIGER DIVISION HEAD, SCHOOL FOR CHILDREN 167200 0 0 0 0 0 8563 0 487 0 176250 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE THE COLLEGE PROVIDED HOUSING TO THE PRESIDENT, SHAEL POLAKOW-SURANSKY. THE HOUSING PROVIDED WAS FOR THE CONVENIENCE OF THE COLLEGE AND IS TREATED AS A NONTAXABLE BENEFIT. THE PROVIDED HOUSING WAS NOT INCLUDED IN THE PRESIDENT'S IRS FORM W-2. A DASNY SERIES 2017A 146000293 000000000 2017-02-17 18000000 CAPITAL PROJ., REFUND 2002 BOND 0 0 0 A 1680130 18000000 348229 15767727 1884044 2020 1 0 1 1 A 0 0 1 1 0 0 0 1 A 0 1 0 0 1 1 PEOPLE'S UNITED BANK 0.298000000000 0 0 0 1 A 1 SCHEDULE K, PART III, LINE 3A THE MANAGEMENT AND SERVICE CONTRACTS WERE REVIEWED AND IT WAS DETERMINED THE CONTRACTS DO NOT RESULT IN PRIVATE BUSINESS USE. X 10 249674 SEE PART II 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS THE NUMBER OF CONTRIBUTIONS IS REPORTED. SCHEDULE M, PART I, LINE 9, COLUMN (D) METHOD OF DETERMINING NONCASH AMOUNT MEAN MARKET PRICE ON DATE OF CONTRIBUTION. FORM 990, PART I, LINE 1, BRIEF DESCRIPTION OF ORGANIZATION'S MISSION BANK STREET COLLEGE OF EDUCATION IS AN INDEPENDENT CO-EDUCATIONAL INSTITUTION COMPRISED OF A SCHOOL FOR CHILDREN, A GRADUATE SCHOOL OF TEACHER'S EDUCATION, INNOVATION, POLICY AND RESEARCH INITIATIVES, FAMILY CENTER AND CHILDCARE SERVICES AND PROFESSIONAL DEVELOPMENT. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW THE FORM 990 WAS PREPARED BY THE COLLEGE'S INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE COLLEGE'S FINANCIAL DEPARTMENT. THE FORM 990 WAS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND A COPY WAS PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY EACH OFFICER AND TRUSTEE OF THE COLLEGE IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF EMPLOYMENT OR BOARD SERVICE WITH THE COLLEGE. THE COLLEGE MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. ANYONE REFERENCED ABOVE WHO DISCLOSES A CONFLICT OF INTEREST WILL BE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISION MAKING PROCESS RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 OFFICER COMPENSATION REVIEW THE COLLEGE UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND OTHER OFFICERS OF THE COLLEGE IS REASONABLE GIVEN THE MARKET IN WHICH THE COLLEGE OPERATES; THE COMPENSATION EVALUATIONS TAKE PLACE ANNUALLY. THE COLLEGE HAS ESTABLISHED A COMPENSATION COMMITTEE OF TRUSTEES THAT ARE INDEPENDENT PERSONS WITH NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION AGREEMENT. THE COMPENSATION COMMITTEE UTILIZES COMPARABILITY AND BENCHMARKING SURVEYS TO ENSURE THAT THE COLLEGE COMPENSATES ITS EXECUTIVES COMMENSURATE WITH THE MARKET. THE COMPENSATION COMMITTEE WILL THEN SET THE COMPENSATION FOR THE RELEVANT EXECUTIVES AND CONTEMPORANEOUSLY DOCUMENT THE DECISION IN THE COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENT REVIEW POLICY THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 466,787. ADJUSTMENT FOR POSTRETIREMENT HEALTH BENEFIT PLAN 4,242,305. DE MINIMIS SAFE HARBOR ELECTION BANK STREET COLLEGE OF EDUCATION HEREBY MAKES THE DE MINIMIS SAFE HARBOR ELECTION UNDER SECTION 1.263(A)-1(F) OF THE TREASURY REGULATIONS, EFFECTIVE FOR THE TAX YEAR ENDING JUNE 30, 2021. TAXPAYER HAS AN APPLICABLE FINANCIAL STATEMENT FOR THE YEAR OF THE ELECTION. THIS ELECTION PERMITS THE TAXPAYER TO DEDUCT FOR TAX PURPOSES ANY ITEM DEDUCTED UNDER ITS BOOK POLICY THAT DOES NOT EXCEED $5,000 PER INVOICE (OR PER ITEM, AS SUBSTANTIATED BY THE INVOICE) OR ITEMS HAVING AN ECONOMIC USEFUL LIFE OF TWELVE MONTHS OR LESS AS DESCRIBED IN SECTION 1.263(A)-1(F)(1)(I). TAXPAYER NAME: BANK STREET COLLEGE OF EDUCATION ADDRESS: 610 WEST 112TH STREET, NEW YORK, NY 10025-1120 TAXPAYER IDENTIFICATION NUMBER: 13-5562167