2020-07-14T12:36:17-05:00 2019-06-30 160765486 LUMSDEN & MCCORMICK LLP 369 FRANKLIN STREET BUFFALO NY 14202 990 2018-07-01 160755808 NICHOLS SCHOOL OF BUFFALO NICH 7163326300 1250 AMHERST STREET BUFFALO NY 14216 DANIEL DOLAN CFO 7163326300 2020-07-14 1 JAMES M DUNN JR CPA P00029032 7168563300 2020-07-13 72.231.185.159 2020-07-14 11:03:46 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 637293C823CA2A572E14DAE0907BA01A185D2AC9 2018 2021-01-29 14:40:06Z DANIEL DOLAN 1250 AMHERST STREET BUFFALO NY 14216 21988206 0 X NICHOLSSCHOOL.ORG X 1892 NY PRIVATE CO-EDUCATIONAL SCHOOL SERVING GRADES 5-12 WITH A 2018-19 ENROLLMENT OF 537 STUDENTS. 24 24 205 125 10890 -30566 4834163 4065828 13709611 13511908 591366 1426286 682987 374700 19818127 19378722 2751327 2921895 0 0 9851850 9202577 57856 55700 969696 5435737 4983456 18096770 17163628 1721357 2215094 69305557 73611341 7141128 7415076 62164429 66196265 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 6903793 12788693 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 ENHACES 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. 2921895 2921895 FINANCIAL AID - NICHOLS SCHOOL PROVIDES FINANCIAL AID TO 37% 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. 323154 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. 3796676 1007221 OTHER PROGRAM SERVICES INCLUDE STUDENT SERVICES, ATHLETICS AND OTHER ACADEMIC EXPENSES AS DETAILED ON FORM 990 PART IX. 3796676 1007221 13945518 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 0 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 76 0 1 205 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 JEFFREY MEYER CHAIR 2.00 X X 0 0 0 MARSHA KOELMEL VICE-CHAIR 2.00 X X 0 0 0 A SCOTT WEBER VICE-CHAIR 2.00 X X 0 0 0 ALAN ELIA TREASURER 2.00 X X 0 0 0 KATHERINE ROACH SECRETARY 2.00 X X 0 0 0 KRISTAN CARLSON ANDERSEN 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 JOHN DARBY TRUSTEE 2.00 X 0 0 0 STEPHEN FOLEY TRUSTEE 2.00 X 0 0 0 GARTHFIELD GIBSON TRUSTEE 2.00 X 0 0 0 ADAM GREENBERGER TRUSTEE 2.00 X 0 0 0 ANTHONY HABIB TRUSTEE 2.00 X 0 0 0 CHRISTOPHER HAMILL TRUSTEE 2.00 X 0 0 0 AMY BLUM HOUSTON TRUSTEE 2.00 X 0 0 0 MEG HUNTER TRUSTEE 2.00 X 0 0 0 ALEXANDRA JEWETT MCPHERSON 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 W SCOTT SAPERSTON TRUSTEE 2.00 X 0 0 0 CYNTHIA BAIRD STARK 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 NELSON S WALSH TRUSTEE 2.00 X 0 0 0 WILLIAM CLOUGH HEAD OF SCHOOL 50.00 X 335220 0 36600 DANIEL DOLAN CHIEF FINANCIAL OFFICER 50.00 X 136070 0 29790 ARANYA MARITIME HEAD OF UPPER SCHOOL 50.00 X 114500 0 6750 MICHAEL SULLIVAN DIRECTOR OF TECHNOLOGY 50.00 X 110830 0 4410 ROBERT STEWART ATHLETIC DIRECTOR 50.00 X 102980 0 24545 LESLIE GARCIA DIRECTOR OF ADVANCEMENT 50.00 X 104515 0 5185 MARY ROCKWELL FORMER ASSISTANT HEAD OF SCHOOL 0.00 X 140835 0 670 1044950 0 107950 7 1 1 0 RP OAK HILL BUILDING COMPANY INC 3556 LAKESHORE ROAD SUITE 620 BUFFALO NY 14219 BUILDING CONTRACTOR 1745840 SAGE DINING SERVICES INC 1402 YORK RD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 680305 CROWELL MORING PO BOX 75509 BALTIMORE MD 21275 LEGAL SERVICES 289533 TIEDEMANN ADVISORS 520 MADISON AVE NEW YORK NY 10022 INVESTMENT ADVISORS 169343 GRAND TOURS 5355 JUNCTION ROAD LOCKPORT NY 14094 TRANSPORTATION SERVICES 157383 6 26625 4039203 527026 4065828 TUITION AND FEES 900099 12788693 12788693 MANDATED SERVICES/TITLE FUNDS 900099 431531 431531 STUDENT CHARGES AND STUDENT INSUR 900099 117948 117948 STUDENT SERVICES AND PUBLICATIONS 611710 110976 110976 SUMMER PROGRAM 900099 62760 62760 13511908 697268 697268 660864 423233 237631 237631 237631 2646046 1917028 729018 729018 729018 150412 26625 73923 76489 76489 6625 3310 3315 3315 214737 191990 22747 22747 34518 23628 10890 34518 19378722 13795914 10890 1506090 2921895 2921895 559605 201012 340434 18159 7025528 5609838 982313 433377 330917 264733 46328 19856 728800 583040 102032 43728 557727 446181 78082 33464 47745 47745 27800 27800 55700 55700 169343 169343 348669 189305 159364 66327 44439 21888 599336 533328 55043 10965 250749 200599 35105 15045 659533 604894 36456 18183 166210 151528 7246 7436 100302 55128 38969 6205 1260808 1147336 75648 37824 81214 78114 2067 1033 STUDENT SERVICES 785368 785368 PRINTING AND PUBLICATIO 163896 36991 0 126905 COMMUNITY ENGAGEMENT 119928 119928 STUDENT ATHLETIC ACTIVI 101859 101859 34369 34369 17163628 13945518 2248414 969696 9869485 8689626 3368709 3817172 84350 36693 84266 76966 17151 90145 43404679 19285125 21697037 24119554 16888013 18772094 12628716 12933543 4667830 5075548 69305557 73611341 1584817 1832925 5029464 5012052 25880 0 500967 570099 7141128 7415076 X 27410851 28403729 10682328 12149456 24071250 25643080 62164429 66196265 69305557 73611341 X 2215094 536487 1280255 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 113357 X X 0 29516729 1723305 1835968 653811 547211 169343 31705637 28480951 278980 2098157 649780 533251 158328 29516729 25771357 1680043 2311205 643595 510918 127141 28480951 26884467 819291 -619316 672506 522051 118528 25771357 27603283 555873 -53483 640726 497585 82895 26884467 0.09000 0.72000 0.19000 0 0 3018697 3018697 31200379 15172855 16027524 5337043 4004975 1332068 3848560 107295 3741265 24119554 POOLED INVESTMENT AND PRIVATE EQUITY FUNDS 12933543 F 12933543 RECEIVABLE FROM CHARITABLE REMAINDER TRUSTS 5075548 5075548 OTHER POST-EMPLOYMENT BENEFITS 422500 AGENCY FUNDS 49488 COMPUTER LEASES 98111 570099 18698622 536487 -1898153 -1361666 20060288 -681566 -681566 19378722 14666786 692456 692456 13974330 169343 3019955 3189298 17163628 PART III, LINE 4: ARTWORK 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 REMAINDER TRUST 1,291,145. CAMPAIGN EXPENSES -98,060. FINANCIAL AID -2,921,895. INVESTMENT MANAGMENT FEES -169,343. PART XI, LINE 4B - OTHER ADJUSTMENTS: CAMPUS STORE COST OF GOODS SOLD -191,990. FUNDRAISING EXPENSES -77,233. RENTAL EXPENSES -423,233. PASSTHROUGH FROM FORMS K-1 10,890. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAMPUS STORE COST OF GOODS SOLD 191,990. FUNDRAISING EXPENSES 77,233. RENTAL EXPENSES 423,233. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,921,895. CAMPAIGN EXPENSES 98,060. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OUR POLICY IS INCLUDED IN ALL PRINT ADS AND MATERIALS, INCLUDING ALL ADMISSION BROCHURES AND LITERATURE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES NYS MANDATED SERVICES FUNDS AND TITLE FUNDS ADMINISTERED THROUGH THE BUFFALO PUBLIC SCHOOLS. THE FUNDS ARE SUBJECT TO VARIOUS COMPLIANCE AND FINANCIAL AUDITS BY THE FUNDING SOURCE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 5789000 0 0 0 0 0 0 5789000 0 5789000 0 0 0 0 1 0 X X X X X 1 MARTS & LUNDY 1200 WALL STREET LYNDHURST NJ 07071 CAMPAIGN CONSULTUNG 0 0 55700 -55700 55700 -55700 NY DINNER/AUCTION 160518 20625 139893 21500 6085 30470 DINNER/AUCTION 16519 6000 10519 7000 0 8868 177037 26625 150412 28500 6085 39338 73923 76489 1 FINANCIAL AID TO STUDENTS 201 2921895 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 FAST FINANCIAL AID SYSTEM. THE COMMITTEE REVIEWS ALL FAST 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 WILLIAM CLOUGH HEAD OF SCHOOL 283030 0 10000 0 42190 0 14735 0 21865 0 371820 0 0 0 DANIEL DOLAN CHIEF FINANCIAL OFFICER 134970 0 0 0 1100 0 8760 0 21030 0 165860 0 0 0 MARY ROCKWELL FORMER ASSISTANT HEAD OF SCHOOL 136975 0 0 0 3860 0 150 0 520 0 141505 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 25 527026 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 SCHOOL, CFO AND CONTROLLER AND IS THEN PROVIDED TO THE EXECUTIVE COMMITTEE 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 REMAINDER TRUSTS 1,291,145. INCOME PASSED THROUGH LIMITED PARTNERSHIP -10,890. FORM 990, PART XI, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.