2021-02-10T14:28:12-06:00 2020-06-30 390859910 BAKER TILLY US LLP 125 BAYLIS ROAD SUITE 300 MELVILLE NY 11747 990 2019-07-01 116112414 THE STONY BROOK SCHOOL STON 6317511800 1 CHAPMAN PARKWAY STONY BROOK NY 117901799 PAULINE W BEROL CFO 6317511800 2021-02-10 1 ELLEN M LABITA CPA P00140777 6317527400 X 2019 2022-09-23 18:48:47Z PAULINE W BEROL 1 CHAPMAN PARKWAY STONY BROOK NY 117901799 29087250 0 X WWW.STONYBROOKSCHOOL.ORG X 1922 NY THE STONY BROOK SCHOOL IS AN INDEPENDENT COLLEGE PREPARATORY SCHOOL (GRADES 7 - 12). 11 11 218 15 152 -98 3561021 2171350 18241904 19655136 503527 702627 209860 156908 22516312 22686021 3483693 3634801 0 0 9225912 9973600 0 0 1020014 7029381 6533713 19738986 20142114 2777326 2543907 62837262 64418387 9076418 8529757 53760844 55888630 X THE STONY BROOK SCHOOL IS AN INDEPENDENT COLLEGE PREPARATORY SCHOOL (GRADES 7-12) THAT EXISTS TO CHALLENGE YOUNG MEN AND WOMEN TO KNOW JESUS CHRIST AS LORD, TO LOVE OTHERS AS THEMSELVES, AND TO GROW IN KNOWLEDGE AND SKILL, IN ORDER THAT THEY MAY SERVE THE WORLD THROUGH THEIR CHARACTER AND LEADERSHIP. 0 0 15522225 3634801 19133734 EDUCATION OF BOARDING AND DAY STUDENTS IN GRADES 7-12. ENROLLMENT IS APPROXIMATELY 416 STUDENTS. 2374290 521402 EDUCATION PROGRAMS INCLUDING TUTORIAL, ACADEMIC CLASSES, SPORTS, MARINE PROGRAMS, AND COMPUTER COURSES FOR STUDENTS DURING SIX WEEKS IN THE SUMMER. 17896515 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 47 0 218 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X PAULINE W BEROL CFO 6317511800 1 CHAPMAN PARKWAY STONY BROOK NY 117901799 JOSHUA CRANE HEAD OF SCHOOL 60.00 0.00 X 299123 0 38867 PAULINE W BEROL CFO 50.00 0.00 X 140982 0 49441 GREGG GUNDERSON DIRECTOR OF FACILITIES 50.00 0.00 X 138441 0 49250 LUKE LAYOW DIRECTOR OF ADVANCEMENT 50.00 0.00 X 126731 0 48372 YURI FRANCES DIRECTOR OF ADMISSIONS 50.00 0.00 X 120952 0 22027 S MICHAEL KOH PRESIDENT & CHAIR 4.00 0.00 X X 0 0 0 ELAINE M KANAS VICE-CHAIR 4.00 0.00 X X 0 0 0 HENRY HO SECRETARY 4.00 0.00 X X 0 0 0 BRUCE D BOHUNY TRUSTEE 2.00 0.00 X 0 0 0 SHARON A BOTTOMLEY TRUSTEE 2.00 0.00 X 0 0 0 IAN HAYNES TRUSTEE 2.00 0.00 X 0 0 0 CHRISTINE KANG TRUSTEE 2.00 0.00 X 0 0 0 REBECCA SWANSON TRUSTEE 2.00 0.00 X 0 0 0 BRADLEY KIRK TRUSTEE 3.00 0.00 X 0 0 0 CHRISTOPHER LEVY TRUSTEE 2.00 0.00 X 0 0 0 WENDELYNE HORST MURPHY TRUSTEE 2.00 0.00 X 0 0 0 826229 0 207957 5 0 1 0 ALLIED UNIVERSAL PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY GUARD 318791 ALL ISLAND MECHANICAL PO BOX 289 RONKONKOMA NY 11779 MECHANICAL CONTRACTOR 263175 STAFFORD ASSOCIATES 21 BENNETTS ROAD SUITE 200 SETAUKET NY 11733 NETWORK MANAGEMENT 250351 STRIKE FORCE OF NORTH AMERICA CORP 648 MIDDLE COUNTRY RD9 ST JAMES NY 11780 CUSTODIAL SERVICES 243194 DESERT AIRE N120 W18485 FREISTADT ROAD GERMANTOWN WI 53022 POOL DEHUMIDIFICATION 150854 5 2171350 90785 2171350 TUITION 611710 18395177 18395177 STUDENT FEES 611710 738557 738557 SUMMER PROGRAMS 611710 521402 521402 19655136 508153 508153 6570875 6376401 194474 194474 152 194322 30739 24828 5911 5911 FACILITY USE 900099 32888 32888 BAD DEBT RECOVERY 900099 28404 28404 VARIOUS REBATES 900099 26992 26992 62713 62713 150997 22686021 19655136 152 859383 3634801 3634801 539416 115835 307746 115835 5519109 4944129 209969 365011 357872 318037 14354 25481 3116830 2847773 81880 187177 440373 377802 30287 32284 75410 75410 39700 39700 73921 73921 67168 67168 886410 690649 83285 112476 52857 52857 272814 118578 98775 55461 429797 377432 31134 21231 659269 623581 17848 17840 178354 126801 15794 35759 42380 32355 10019 6 4776 4161 615 554211 521241 8689 24281 FOOD SERVICE 1108279 1108279 SECURITY AND CUSTODIAL 656741 635535 10993 10213 INSTRUCTIONAL MATERIAL 451970 451970 REPAIRS & MAINTENANCE 276810 263226 6811 6773 702846 576063 116597 10186 20142114 17896515 1225585 1020014 1068312 1080491 6421782 7761665 345262 236033 102817 116594 50264 16877 263393 266573 37254929 0 36073192 37254929 16865209 16220352 1540317 1394358 106714 70515 62837262 64418387 868747 782426 8050702 7622133 38408 0 118561 125198 9076418 8529757 X 35183890 37890907 18576954 17997723 53760844 55888630 62837262 64418387 2543907 -416121 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17588532 107573 83866 340000 17439971 17255458 76194 764880 508000 17588532 16517770 59820 1266868 483475 105525 17255458 15300200 275643 1404427 292183 170317 16517770 14812993 645382 -158175 15300200 0.00510 0.83980 0.15510 0 0 508612 508612 26597414 26597414 8170752 8170752 1978151 1978151 37254929 AGENCY FUNDS 82458 CHARITABLE GIFT ANNUITIES 42740 125198 X 18592759 -416121 -67168 -483289 19076048 3609973 3609973 22686021 16464973 24828 24828 16440145 67168 3634801 3701969 20142114 PART V, LINE 4: UTILIZED TO FUND VARIOUS PROGRAM ACTIVITIES WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES -67,168. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 3,634,801. COST OF GOODS SOLD -24,828. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 24,828. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 3,634,801. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ADMISSIONS OFFICE PUBLISHES THE NON-DISCRIMINATORY POLICY AT LEAST ANNUALLY IN SEVERAL LOCAL NEWPAPERS SERVING SUFFOLK COUNTY AND LONG ISLAND. THE POLICY IS ALSO INCLUDED IN THE SCHOOL VIEWBOOK WHICH IS THE PRIMARY ADMISSIONS PUBLICATION. 1 FINANCIAL AID 205 3634801 PARENT FINANCIAL STATEMENTS ASSESSED TADS. NEED BASED FINANCIAL AID. PART I, LINE 2: GRANTS ARE IN THE FORM OF NON-CASH SCHOLARSHIPS OR FINANCIAL AID USED SOLELY TO REDUCE TUITION. X 1 1 X X X 0 0 0 0 0 0 0 1 0 JOSHUA CRANE HEAD OF SCHOOL 249123 0 50000 0 0 0 0 0 38867 0 337990 0 0 0 PAULINE W BEROL CFO 140982 0 0 0 0 0 10574 0 38867 0 190423 0 0 0 GREGG GUNDERSON DIRECTOR OF FACILITIES 138441 0 0 0 0 0 10383 0 38867 0 187691 0 0 0 LUKE LAYOW DIRECTOR OF ADVANCEMENT 126731 0 0 0 0 0 9505 0 38867 0 175103 0 0 0 PART I, LINE 1A THE SCHOOL IS A BOARDING-DAY SCHOOL THAT OPERATES 24/7 AND AS SUCH REQUIRES THE HEADMASTER AND ALL FACULTY AND KEY ADMINISTRATORS TO LIVE ON CAMPUS IN SCHOOL OWNED HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE INSTITUTION IN CARRYING OUT ITS MISSION AND PURPOSE. PART I, LINE 3 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE TO CONDUCT A PERFORMANCE REVIEW OF THE HEADMASTER (CEO) AND DISCUSS THE TERMS OF THE ANNUAL EMPLOYMENT CONTRACT HE/SHE WILL RECEIVE. GUIDANCE IS PROVIDED FOR SETTING COMPENSATION FROM EDUCATIONAL SALARY INFORMATION OBTAINED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS FOR SCHOOLS OF COMPARABLE SIZE AND HEADS WITH COMPARABLE EXPERIENCE. THE PRESIDENT OF THE BOARD THEN NEGOTIATES THE CONTRACT WITH THE HEADMASTER AND INFORMS THE EXECUTIVE COMMITTEE WHEN IT IS FINALIZED. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED ANNUALLY BY THE HEADMASTER OF THE SCHOOL BASED ON EMPLOYEE PERFORMANCE REVIEWS AND SALARY RANGES FOR ADMINISTRATIVE POSITIONS OBTAINED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. PART I, LINE 7 THE COMPENSATION AND BONUS (IF APPLICABLE) IS DETERMINED ANNUALLY BY THE CHAIR OF THE BOARD OF TRUSTEES IN CONSULTATION WITH THE ENTIRE BOARD AND IS BASED ON PERFORMANCE REVIEWS AND SALARY RANGES FOR HEAD OF SCHOOLS OBTAINED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. X 11 90785 NYSE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 3 THE MANAGEMENT OF THE FOOD SERVICE OPERATION AT THE SCHOOL IS CONTRACTED OUT TO SAGE DINING SERVICES, INC. THE MANAGEMENT OF THE CUSTODIAL SERVICE AT THE SCHOOL IS CONTRACTED OUT TO STRIKEFORCE. FORM 990, PART VI, SECTION B, LINE 11B AN ADHOC COMMITTEE COMPRISED OF MEMBERS OF THE EXECUTIVE AND FINANCE/AUDIT COMMITTEES OF THE BOARD OF TRUSTEES MEETS WITH THE PARTNER OF THE AUDITING FIRM TO REVIEW THE COMPLETED FORM 990 AND APPROVE THE FORM FOR FILING ON BEHALF OF THE BOARD. BOARD OF TRUSTEE MEMBERS WILL RECEIVE COPIES OF THE FORM 990 THAT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE CONFLICT OF INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE POTENTIAL CONFLICT OF INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF TRUSTEES OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE BOARD OF TRUSTEES OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE SCHOOL'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE TO CONDUCT A PERFORMANCE REVIEW OF THE HEADMASTER (CEO) AND DISCUSS THE TERMS OF THE ANNUAL EMPLOYMENT CONTRACT HE/SHE WILL RECEIVE. GUIDANCE IS PROVIDED FOR SETTING COMPENSATION FROM EDUCATIONAL SALARY INFORMATION OBTAINED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS FOR SCHOOLS OF COMPARABLE SIZE AND HEADS WITH COMPARABLE EXPERIENCE. THE PRESIDENT OF THE BOARD THEN NEGOTIATES THE CONTRACT WITH THE HEADMASTER AND INFORMS THE EXECUTIVE COMMITTEE WHEN IT IS FINALIZED. 15B - THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED ANNUALLY BY THE HEADMASTER OF THE SCHOOL BASED ON EMPLOYEE PERFORMANCE REVIEWS AND SALARY RANGES FOR ADMINISTRATIVE POSITIONS OBTAINED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT PUBLISHED. THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL BOARD MEMBERS AND IS INCLUDED IN THE GENERAL EMPLOYEE HANDBOOK. IF A PERSON WANTED TO SEE DOCUMENTS, POLICY, AND/OR FINANCIAL STATEMENTS, THEY WOULD BE MADE AVAILABLE FOR REVIEW IN THE BUSINESS OFFICE OF THE SCHOOL. GENERAL NOTE: INVESTMENT SUB-COMMITTEE GENERAL NOTE: MANAGEMENT OF THE ENDOWMENT PORTFOLIO HAS BEEN OUTSOURCED TO AN INVESTMENT MANAGER SINCE 2017 AND IS OVERSEEN BY A FORMAL INVESTMENT SUB-COMMITTEE ESTABLISHED AT THE BOARD LEVEL IN 1999. THE MAJORITY OF THE MEMBERS OF THE SUB-COMMITTEE ARE ALL PROFESSIONALS IN THE INVESTMENT BUSINESS. A FORMAL ENDOWMENT INVESTMENT POLICY TO GUIDE THE BOARD IN IT'S FIDUCIARY RESPONSIBILITIES WAS ENACTED IN 2000 AND REVISED SEVERAL TIMES TO ADAPT TO CHANGING MARKET CONDITIONS, MOST RECENTLY IN SEPTEMBER, 2015. THE ENDOWMENT INVESTMENT POLICY ALSO AUTHORIZES AN ANNUAL DRAW OF BETWEEN 4% AND 5% OF THE AVERAGE ENDOWMENT MARKET VALUE OF PERMANENT CORPUS OVER A ROLLING PERIOD OF 12 QUARTERS (3 YEARS). THE INVESTMENTS IN THE CHARITABLE GIFT ANNUITY FUND ARE INVESTED IN SEVERAL MUTUAL FUNDS / ETF AND ARE GUIDED BY AN CHARITABLE GIFT ANNUITY FUND INVESTMENT POLICY SEEKING TO MEET ALL LEGAL RESERVE REQUIREMENTS AS WELL AS PROVIDE FUNDING FOR ANNUITY OBLIGATIONS. THE CHARITABLE GIFT ANNUITY FUND POLICY WAS ESTABLISHED IN 2005 AND UPDATED IN 2007.