2022-05-11T14:28:49-05:00 2021-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2020-07-01 111630821 POLY PREP COUNTRY DAY SCHOOL POLY 7188369800 1 POLY PREP DRIVE BROOKLYN NY 11228 LYNDA CASARELLA CFO 7188369800 2022-05-11 1 LYNDA CASARELLA 999009999 MATTHEW PETROSKI P00853132 9257902600 2022-05-11 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z X AUDRIUS BARZDUKAS 1 POLY PREP DRIVE BROOKLYN NY 11228 79869924 0 X WWW.POLYPREP.ORG X 1854 NY THROUGH A PROGRESSIVE LIBERAL ARTS CURRICULUM AND AN ENRICHING CO-CURRICULAR PROGRAM, THE SCHOOL EDUCATES THE WHOLE STUDENT: MIND, BODY AND, ABOVE ALL CHARACTER. 27 26 699 100 0 0 5682492 11468853 57826121 58456486 3145563 3973274 253481 225101 66907657 74123714 9072653 10015443 0 0 32124786 32869096 0 0 2005298 16851995 19360716 58049434 62245255 8858223 11878459 119755317 168140721 32494701 66169493 87260616 101971228 THE SCHOOL'S MISSION IS TO PREPARE STUDENTS TO SUCCEED IN COLLEGE AND LIFE AS OUTSTANDING LEADERS, INCISIVE THINKERS, AND EXEMPLARY CITIZENS. 0 0 49459293 10015443 58680019 THE SCHOOL PROVIDES ACADEMIC AND OTHER RELATED ACTIVITIES TO STUDENTS IN VARIOUS CLASSES FROM NURSERY THROUGH GRADE TWELVE. THE SCHOOL OPERATES AT TWO LOCATIONS IN BROOKLYN, NEW YORK. THE LOWER SCHOOL IS LOCATED IN PARK SLOPE AND SERVES APPROXIMATELY 255 CHILDREN FROM NURSERY THROUGH GRADE 4. THE MIDDLE AND UPPER SCHOOL, SITUATED ON A 25 ACRE CAMPUS IN DYKER HEIGHTS, SERVICES APPROXIMATELY 875 CHILDREN IN GRADES 5 THROUGH 12. 49459293 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 84 0 1 699 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X LYNDA CASARELLA CFO 7188369800 1 POLY PREP DRIVE BROOKLYN NY 11228 NICHOLAS A GRAVANTE BOARD CHAIR 2.00 X X 0 0 0 ARNOLD F MASCALI BOARD VICE-CHAIR 2.00 X X 0 0 0 ROBIN BRAMWELL-STEWART TREASURER 2.00 X X 0 0 0 ANDREW S FOOTE SECRETARY 2.00 X X 0 0 0 INDHIRA ARRINGTON TRUSTEE 2.00 X 0 0 0 LAWRENCE S BRANDMAN TRUSTEE 2.00 X 0 0 0 JEANNE M CLOPPSE TRUSTEE 2.00 X 0 0 0 MICHAEL A CORRERA TRUSTEE 2.00 X 0 0 0 GARY E HANNA TRUSTEE 2.00 X 0 0 0 HANS HUMES TRUSTEE 2.00 X 0 0 0 THOMAS IANNELLI TRUSTEE 2.00 X 0 0 0 SANG LEE TRUSTEE 2.00 X 0 0 0 MICHAEL LIBURD TRUSTEE 2.00 X 0 0 0 STEPHEN MAHARAM TRUSTEE 2.00 X 0 0 0 KRISTERFOR T MASTRONARDI TRUSTEE 2.00 X 0 0 0 CASSANDRA W METZ TRUSTEE 2.00 X 0 0 0 JENNIFER POWERS TRUSTEE 2.00 X 0 0 0 JENNIFER J RAMBERG TRUSTEE 2.00 X 0 0 0 KAREEM RAYMOND TRUSTEE 2.00 X 0 0 0 JOHN J REGAN TRUSTEE 2.00 X 0 0 0 LAURIE T ROSENBLATT TRUSTEE 2.00 X 0 0 0 WADE E SAADI TRUSTEE 2.00 X 0 0 0 ROBERT G SABBAGH TRUSTEE 2.00 X 0 0 0 ELIZABETH R SCHLESINGER TRUSTEE 2.00 X 0 0 0 IRWIN SIMON TRUSTEE 2.00 X 0 0 0 DANIELA VITALE-HOWELL TRUSTEE 2.00 X 0 0 0 MAXWELL T WILEY TRUSTEE 2.00 X 0 0 0 AUDRIUS BARZDUKAS HEAD OF SCHOOL 35.00 X 737226 0 112243 KYLE GRAHAM ASSOCIATE HOS, ENROLLMENT MGMT 35.00 X 223085 0 53374 HUNG BUI - TO AUG 2020 ASSISTANT HEAD OF SCHOOL, ACADEMICS 35.00 X 209977 0 15106 LYNDA CASARELLA CHIEF FINANCIAL OFFICER 35.00 X 181532 0 10052 MICHAL HERSHKOVITZ ASSISTANT HEAD OF SCHOOL, ACADEMICS 35.00 X 190000 0 13300 MATT STELLUTO HEAD OF OPERATIONS 35.00 X 188079 0 15232 FRANCIS YASHARIAN HEAD OF LOWER SCHOOL 35.00 X 171090 0 33798 JOHN RANKIN ASSISTANT PRINCIPAL 35.00 X 183938 0 26292 LORI REDELL REGISTRAR, UPPER SCHOOL MATH TEACHER 35.00 X 157802 0 38098 VINCENT RUTUELO DIRECTOR OF SAFETY & SECURITY 35.00 X 155530 0 10887 KRISTEN DENAVER DIRECTOR OF BUSINESS OPERATIONS, FINANCE 35.00 X 158007 0 41090 RICHARD CORSO DIRECTOR OF ATHLETICS 35.00 X 146197 0 41266 2702463 0 410738 64 0 1 0 DIMINO BUS SERVICE INC 1040 ROCKAWAY AVENUE BROOKLYN NY 11236 TRANSPORTATION 2072641 CATER TO YOU 665 BROADWAY SUITE 503 NEW YORK NY 10012 CATERING SERVICES 801290 TITAN CONTRACTING CORP I WORLD TRADE CENTER ST 8500 NEW YORK NY 10007 CONSTRUCTION AND REPAIR SERVICES 434552 IAG ELECTRIC INC 516 INDUSTRIAL LOOP SUITE 201 STATEN ISLAND NY 10309 ELECTRICAL INSTALLATION SERVICES 306303 DELL MARKETING LP PO BOX 643561 PITTBURGH PA 15264 IT SERVICES 293510 20 6427092 5041761 370384 11468853 TUITION INCOME 611710 57798002 57798002 STUDENT FEES 611710 522147 522147 AUXILIARY ACTIVITIES 611710 136337 136337 58456486 531667 531667 5700783 3487034 5326336 419874 374447 3067160 3441607 3441607 1568 0 1568 1568 MISCELLANEOUS INCOME 900099 139968 139968 TIAA REVENUE SHARING 900099 83565 83565 223533 74123714 58680019 0 3974842 10015443 10015443 2346092 2057084 289008 23957905 18560581 4529734 867590 1322696 1018824 250969 52903 3389613 2516010 738560 135043 1852790 1316778 455231 80781 1402657 388510 1014147 131837 131837 37500 37500 641838 370557 271281 667089 413502 137835 115752 640906 576815 57682 6409 1853815 1668334 166945 18536 258246 210489 37145 10612 84142 39824 9956 34362 371608 334447 33445 3716 3753889 3378500 337850 37539 566678 510010 51001 5667 COVID-19 TENTS/TESTING 3117213 2805492 280549 31172 BUSING 2474248 2474248 STUDENT PROGRAMS/AUXILI 1811910 1811910 FOOD SERVICE 1446730 1331713 70090 44927 100410 87863 12547 62245255 49459293 10780664 2005298 15313026 10218688 12647188 31732574 1113202 1958139 123432 31020824 286925 482826 110697425 51793940 60164582 58903485 29586258 13311430 0 20512755 520704 0 119755317 168140721 3716277 4289223 10188134 53322301 9200000 8557969 3560000 0 5830290 0 32494701 66169493 X 60934273 71738970 26326343 30232258 87260616 101971228 119755317 168140721 X 11878459 2970153 -138000 X X 0 1 X 1 0 X 5088767 4377858 4317643 5682492 11468853 30935613 5088767 4377858 4317643 5682492 11468853 30935613 1778374 29157239 1003572 850566 1324112 975668 531667 4685585 3691473 455510 197548 265231 223533 4833295 40454493 264096683 0.72070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33960006 55600 3872295 2002640 35885261 31857705 2210422 391879 500000 33960006 31069726 157741 2015053 1384815 31857705 29055664 1166003 1848059 1000000 31069726 27699670 701126 2059123 1404255 29055664 0.36104 0.44854 0.19043 0 0 6753745 6753745 89452963 41134756 48318207 13727968 10659184 3068784 762749 762749 58903485 CORPORATE BONDS 17680161 F HEDGE FUND 2099751 F REAL ESTATE FUND 732843 F 20512755 X 66761655 2970153 -10332212 -7362059 74123714 0 74123714 52051043 0 52051043 10194212 10194212 62245255 PART V, LINE 4: USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE SCHOOL'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, CONSISTING OF THE BOARD DESIGNATED AND DONOR RESTRICTED FUNDS. THE PURPOSES OF ALL OF THESE FUNDS INCLUDE SCHOLARSHIPS, FACULTY SUPPORT, AS WELL AS FACILITY MAINTENANCE. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND FROM STATE AND LOCAL INCOME TAXES UNDER COMPARABLE LAWS. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2021. THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION -10,194,212. LOSS ON UNCOLLECTABLE PLEDGES -138,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 10,194,212. 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'S POLICY IS ADEQUATELY DESCRIBED IN VARIOUS PUBLICATIONS DISTRIBUTED BY THE SCHOOL AND AVAILABLE TO THE GENERAL PUBLIC. THERE IS ALSO A LINK OF THE NONDISCRIMINATORY POLICY ON THE ORGANIZATION'S WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FINANCIAL ASSISTANCE FROM THE NEW YORK STATE EDUCATION DEPARTMENT. 1 FINANCIAL AID 245 10015443 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: FAMILIES SEEKING FINANCIAL AID, IN ORDER TO DEFRAY THE COSTS OF TUITION, PROVIDED CERTAIN PERSONAL FINANCIAL DATA TO AN INDEPENDENT REVIEW ORGANIZATION. BASED ON THESE RESULTS, THE SCHOOL'S OFFICE OF FINANCIAL AID AWARDS SCHOLARSHIPS TO APPLICANTS WHO QUALIFY UNDER THE GUIDELINES ESTABLISHED BY THE TRUSTEES OF THE SCHOOL IN THE FORM OF NONCASH REDUCTIONS IN THE APPLICANTS' ANNUAL TUITION. X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 AUDRIUS BARZDUKAS HEAD OF SCHOOL 645084 0 0 0 92142 0 69950 0 42293 0 849469 0 0 0 KYLE GRAHAM ASSOCIATE HOS, ENROLLMENT MGMT 223085 0 0 0 0 0 16275 0 37099 0 276459 0 0 0 HUNG BUI - TO AUG 2020 ASSISTANT HEAD OF SCHOOL, ACADEMICS 196347 0 0 0 13630 0 14146 0 960 0 225083 0 0 0 JOHN RANKIN ASSISTANT PRINCIPAL 183938 0 0 0 0 0 13201 0 13091 0 210230 0 0 0 FRANCIS YASHARIAN HEAD OF LOWER SCHOOL 171090 0 0 0 0 0 6489 0 27309 0 204888 0 0 0 MATT STELLUTO HEAD OF OPERATIONS 188079 0 0 0 0 0 13301 0 1931 0 203311 0 0 0 MICHAL HERSHKOVITZ ASSISTANT HEAD OF SCHOOL, ACADEMICS 190000 0 0 0 0 0 13300 0 0 0 203300 0 0 0 KRISTEN DENAVER DIRECTOR OF BUSINESS OPERATIONS, FIN 158007 0 0 0 0 0 11647 0 29443 0 199097 0 0 0 LORI REDELL REGISTRAR, UPPER SCHOOL MATH TEACHER 157802 0 0 0 0 0 11652 0 26446 0 195900 0 0 0 LYNDA CASARELLA CHIEF FINANCIAL OFFICER 161532 0 20000 0 0 0 9917 0 135 0 191584 0 0 0 RICHARD CORSO DIRECTOR OF ATHLETICS 146197 0 0 0 0 0 10977 0 30289 0 187463 0 0 0 VINCENT RUTUELO DIRECTOR OF SAFETY & SECURITY 155530 0 0 0 0 0 10887 0 0 0 166417 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES AS ADDITIONAL BENEFIT FOR ITS HEAD OF SCHOOL A HOUSING ALLOWANCE AND GROSS UP PAYMENTS FOR TUITION. THESE ARE INCLUDED IN TAXABLE WAGES. PART I, LINE 4B THE SCHOOL MAINTAINS A 457F PLAN FOR THE HEAD OF SCHOOL. IN 2020, THE SCHOOL ACCRUED $ 50,000 CONSTRIBUTION TO THE 457(F) PLAN. PART I, LINE 7 THE HEAD OF SCHOOL AWARDED A NON-FIXED DISCRETIONARY BONUS TO THE CFO. IT WAS A ONE TIME BONUS. A BUILD NYC RESOURCE CORPORATION BONDS 454040561 GLA111565 2013-09-11 5000000 REFINANCE OF A PRIOR BOND ISSUE 0 0 0 B BUILD NYC RESOURCE CORPORATION BONDS 454040561 TSA322358 2013-09-11 5000000 REFINANCE OF A PRIOR BOND ISSUE 0 0 0 A 600000 5000000 198614 2008 1 0 1 1 B 600000 5000000 198614 2008 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 A 0 B 0 HOLLY E HANNA SPOUSE OF CURRENT TRUSTEE OF THE SCHOOL 38025 EMPLOYMENT 0 X 12 158558 FMV X COVID-19 TESTS 1 130826 FMV X BOOKS 1 81000 FMV 0 0 1 1 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE, NOT THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE SCHOOL WILL HIRE A THIRD PARTY TO SELL DONATED BOOKS. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S DRAFT 990 IS REVIEWED BY A COMMITTEE OF THE BOARD BEFORE FILING. THE BOARD RECEIVED A PUBLIC DISCLOSURE COPY OF THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE ASKED TO COMPLETE A FORMAL CONFLICT-OF-INTEREST FORM/QUESTIONNAIRE. THIS IS DONE AT EACH YEAR'S FIRST BOARD MEETING AND MONITORED TO ASSURE COMPLIANCE. EACH TRUSTEE, OFFICER AND KEY PERSON OF THE SCHOOL SHALL PROMPTLY DISCLOSE ANY DIRECT OR INDIRECT FINANCIAL OR ANY OTHER INTEREST IN ANY PROPOSED OR EXISTING ARRANGEMENT WITH THE SCHOOL PRIOR TO THE START OF ANY NEGOTIATIONS WITH RESPECT TO SUCH MATTER. A DIRECT OR INDIRECT FINANCIAL INTEREST OR ANY OTHER INTEREST REQUIRED TO BE DISCLOSED UNDER THIS POLICY SHALL BE DISCLOSED IN WRITING TO THE CHAIRPERSON OF THE BOARD; SUCH DISCLOSURE SHALL INCLUDE ALL MATERIAL FACTS AND SUPPLY ANY REASON WHY THE ARRANGEMENT MIGHT BE OR NOT BE IN THE BEST INTEREST OF THE SCHOOL. THE CHAIRPERSON OF THE BOARD SHALL REFER THE ISSUE TO THE FULL BOARD, THE EXECUTIVE COMMITTEE, OR OTHER BOARD COMMITTEE HAVING DECISION-MAKING AUTHORITY OVER THE SUBSTANTIVE MATTER IN QUESTION (THE "COMMITTEE"). FOR EACH INTEREST DISCLOSED, THE BOARD OR COMMITTEE WILL DETERMINE WHETHER TO: A) TAKE ANY ACTION; B) ASSURE FULL DISCLOSURE TO THE BOARD AND OTHER INDIVIDUALS COVERED BY THE POLICY, C) ASK THE PERSON TO RECUSE HIMSELF OR HERSELF FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE BOARD, OR D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION; OR, IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE BOARD'S REMOVAL PROCEDURES. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A TRUSTEE, OFFICER OR KEY PERSON HAS FAILED TO DISCLOSE A DIRECT OR INDIRECT FINANCIAL OR ANY OTHER INTEREST SUBJECT TO THIS POLICY, IT SHALL INFORM THE TRUSTEE, OFFICER OR KEY PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE TRUSTEE, OFFICER OR KEY PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF SUCH INDIVIDUAL AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE TRUSTEE, OFFICER OR KEY PERSON HAS IN FACT FAILED TO DISCLOSE A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST SUBJECT TO THIS POLICY, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA IS ASCERTAINED THROUGH NEW YORK STATE ASSOCIATION OF INDEPENDENT SCHOOL DATABASES AND REPORTED TO THE COMPENSATION COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE AT THE OFFICES OF POLY PREP COUNTY DAY SCHOOL. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTABLE PLEDGES -138,000. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.