2019-05-06T08:48:43-05:00 2018-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2017-07-01 135562167 BANK STREET COLLEGE OF EDUCATION % ALPHA CONTEH BANK 2128754400 610 WEST 112TH STREET NEW YORK NY 100251120 ALPHA CONTEH CFO 2128754400 2019-05-02 true PHILLIP GROFF P01247783 2127589700 2019-05-02 167.68.102.5 13407320191265000000 2019-05-06 P 573050DA0AC538F42DF3383732D2D77BCBEED550 AFEA06DAC1DDF6D531D2F23B3B3D0DBE7939107D 2017 2019-02-21 02:37:17Z SHAEL POLAKOW-SURANSKY PRES 610 WEST 112TH STREET NEW YORK NY 10025 98826188 false X www.bankstreet.edu X 1931 NY Bank Street college of education is an independent co-educational institution. For more information, see Schedule O. 28 27 1006 1000 412659 -635183 11234896 11487832 49925282 49690154 2757692 7171436 1856264 756045 65774134 69105467 6966236 8652771 0 0 43794469 44977049 0 0 1848546 14033892 14207543 64794597 67837363 979537 1268104 89363602 97845326 29958859 40553463 59404743 57291863 X BANK STREET COLLEGE OF EDUCATION IS AN INDEPENDENT CO-EDUCATIONAL INSTITUTION. FOR MORE INFORMATION, SEE SCHEDULE O. false false 23020298 5227580 26693494 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. 17793667 2917126 22141582 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. 7430408 503065 651076 INNOVATION, POLICY & RESEARCH - THROUGH OUR INNOVATION, POLICY & RESEARCH, BANK STREET HAS BROADENED ITS IMPACT AND HAS FILLED AN ESSENTIAL NICHE IN THE WORLD OF EDUCATION BY FULFILLING FOUR DISTINCTIVE YET MUTUALLY INTERDEPENDENT FUNCTIONS. CREATING CONSTRUCTIVE ENVIRONMENT FOR CHILDREN THROUGH ITS EXCELLENCE IN OUR LIBERTY LEADS AND HEAD START PROGRAMS, INFLUENCING POLICY THAT SUPPORTS THE GROWTH AND DEVELOPMENT OF CHILDREN, DEVELOPING EDUCATIVE MATERIALS FOR CHILDREN AND ADULTS AND LASTLY BY MERGING THEORY AND PRACTICE. 1976950 5000 471675 50221323 true true false true false false false false false true true false false false true true true false true false true false false false true false false true true true true false false false true false false false true false false false false false false false false true 1281 0 true 1006 true true true false false false false true true false false false false X 28 27 false false false false false false false true true false false true true true true true true true true false NY X ALPHA CONTEH 2129613370 610 WEST 112TH STREET NEW YORK NY 10025 SHAEL POLAKOW-SURANSKY PRESIDENT & TRUSTEE 40.0 0.0 X X 451370 0 193377 ANTHONY ASNES TRUSTEE 1.0 0.0 X 0 0 0 CHARLES R BENDIT TRUSTEE 1.0 0.0 X 0 0 0 JAY CHAKRAPANI TRUSTEE 1.0 0.0 X 0 0 0 TIFFANI CHAMBERS TRUSTEE (END: 12/2017) 1.0 0.0 X 0 0 0 JONATHAN COLE TRUSTEE 1.0 0.0 X 0 0 0 YOLANDA C FERRELL-BROWN TRUSTEE AND CHAIR 1.0 0.0 X X 0 0 0 FELICE FRIEDMAN TRUSTEE 1.0 0.0 X 0 0 0 SARAH GUND TRUSTEE 1.0 0.0 X 0 0 0 VICTORIA HAMILTON TRUSTEE 1.0 0.0 X 0 0 0 MARGARET HONEY TRUSTEE (BEGAN: 3/16/2017) 1.0 0.0 X 0 0 0 JOSH ISAY TRUSTEE 1.0 0.0 X 0 0 0 KRISTEN KANE TRUSTEE 1.0 0.0 X 0 0 0 SUE KAPLAN TRUSTEE AND VICE CHAIR 1.0 0.0 X X 0 0 0 KENNETH LERER TRUSTEE 1.0 0.0 X 0 0 0 ADAM LITKE TRUSTEE 1.0 0.0 X 0 0 0 REBECCA MAI TRUSTEE (BEGAN: 6/8/2017) 1.0 0.0 X 0 0 0 ADAM MAX TRUSTEE (BEGAN: 10/4/2017) 1.0 0.0 X 0 0 0 ELIZABETH S PFORZHEIMER TRUSTEE AND VICE CHAIR 1.0 0.0 X X 0 0 0 SANDRA PINNAVAIA TRUSTEE 1.0 0.0 X 0 0 0 CAMILLA RAB TRUSTEE 1.0 0.0 X 0 0 0 CLAUDIA GONZALEZ-ROMO TRUSTEE 1.0 0.0 X 0 0 0 ANNE V SHUTKIN TRUSTEE AND SECRETARY 1.0 0.0 X X 0 0 0 JEFFREY Q SMITH TRUSTEE 1.0 0.0 X 0 0 0 HOWARD S STEIN TRUSTEE AND TREASURER 1.0 0.0 X X 0 0 0 JEFFREY I SUSSMAN TRUSTEE AND VICE CHAIR 1.0 0.0 X X 0 0 0 KEVIN WOODRUFF TRUSTEE 1.0 0.0 X 0 0 0 ROSE KLEIN YOUNG TRUSTEE 1.0 0.0 X 0 0 0 DEBBIE ZLOTOWITZ TRUSTEE 1.0 0.0 X 0 0 0 JUSTIN TYACK CHIEF OPERATING OFFICER 40.0 0.0 X 289211 0 27301 MARION KOWALSKI CHIEF FINANACIAL OFFICER 40.0 0.0 X 148927 0 16871 JED LIPPARD DEAN, SCHOOL FOR CHILDREN 40.0 0.0 X 380275 0 68333 SONJA CARTER VICE PRESIDENT, DERO 40.0 0.0 X 232670 0 16027 JOSHUA THOMASES DEAN, IPR 40.0 0.0 X 204963 0 36855 CECELIA TRAUGH DEAN, GRAD SCHOOL 35.0 0.0 X 215742 0 26919 BARBARA COLEMAN ASSOCIATE DEAN, GRAD SCHOOL 35.0 0.0 X 192915 0 29928 LAURA GUARINO ASSOC. DEAN, SCH FOR CHILDREN 35.0 0.0 X 199811 0 28155 DOUGLAS KNECHT DIRECTOR, BANK ST ED CENTER 35.0 0.0 X 194044 0 44047 SHARON RYAN DIRECTOR, NON SCHOLARSHIP ENDO 35.0 0.0 X 152716 0 11474 JEANNETTE COREY DIR., FC PRESCHOOL INT. CTR 35.0 0.0 X 169452 0 24211 2832096 0 523498 69 false true false BRFRIES ASSOCIATES LLC 34 WEST 32ND STREET NEW YORK NY 10001 CONSTRUCTION 1488198 Marvel Architects PLLC 145 HUDSON STREET NEW YORK NY 10013 ARCHITECTURE SRVS 617528 MACRO CONSULTANTS LLC 1040 AVE OF THE AMERICAS 15TH FL NEW YORK NY 10018 PROJECT MANAGEMENT 522466 LILKER ASSOCIATES CONSULTING ENGINE 1001 AVENUE OF THE AMERICAS NEW YORK NY 10018 ENGINEERING CONSULT. 518992 BOND SCHOENECK KING PLLC 600 THIRD AVENUE 22ND FLOOR NEW YORK NY 10013 LEGAL SERVICES 158250 5 921208 3277350 7289274 80373 11487832 TUITION AND FEES 611600 41030428 41030428 PROFESSIONAL DEVELOPMENT FEES 611430 8188050 8188050 AUXILLIARY ACTIVITIES 722320 471676 471676 49690154 1044552 1044552 0 12108 12108 27416 27416 0 27416 27416 34557591 28430707 6126884 6126884 6126884 333738 921208 297549 36189 36189 0 0 0 1405124 992465 412659 412659 OTHER INCOME 900099 267673 267673 267673 69105467 49957827 412659 7247149 500000 500000 8152771 8152771 0 0 2676685 430551 2053011 193123 0 32302887 25172432 6158589 971866 1699965 1324720 324100 51145 5819953 4535275 1109579 175099 2477559 1930670 472349 74540 0 65609 65609 187099 50399 136700 75215 75215 0 352168 352168 2238892 1269818 818948 150126 202531 33510 166679 2342 1632390 1141193 413298 77899 420077 83176 336821 80 0 3147507 1816282 1331225 391104 321839 65191 4074 0 1498022 1386413 99468 12141 630693 326892 285332 18469 0 2636819 1485470 1086356 64993 270875 270875 BANK FEES 238762 186003 23112 29647 MEMBERSHIP FEES 120665 72763 46414 1488 OTHER EXPENSES 99115 1146 76455 21514 67837363 50221323 15767494 1848546 8723720 5883550 1969147 3931788 6851786 4242359 3306866 2021270 0 0 0 0 27916 27916 345939 253193 1877526 1888067 57125238 27560550 21487836 29564688 44286824 46655715 0 0 335648 371391 0 0 150394 3005389 89363602 97845326 5233505 5209798 0 0 6565470 6173564 8492092 19095664 0 0 0 0 0 0 0 0 9667792 10074437 29958859 40553463 X 16893480 16523714 18392000 16789640 24119263 23978509 59404743 57291863 89363602 97845326 X 1268104 -3860697 479713 X false true X true true true X 15990160 10756362 16819189 11234896 11487832 66288439 0 0 15990160 10756362 16819189 11234896 11487832 66288439 10874814 55413625 761545 918987 1001419 913449 1084076 4679476 0 740484 527096 391660 359865 601411 2620516 73588431 240785052 0.75302 0.78034 X false true false false false false false false true 75215 75215 false OTHER ACTIVITIES FORM 990, SCHEDULE C, PART 11-B, LINE 1J BANK STREET COLLEGE OF EDUCATION HIRED A CONSULTING FIRM THAT SPECIALIZES IN LOBBYING ACTIVITIES RELATED TO THE HIGHER EDUCATION INDUSTRY. THE COLLEGE INCURRED $75,000 OF EXPENSES TO LOBBYING CONSULTANTS DURING THE YEAR ENDED JUNE 30, 2018. 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 ANNUALS DUES IS ATTRIBUTED TO LOBBYING ACTIVITIES AND INCLUDED IN LINE 1J. 28507697 217869 1796370 920408 29601528 24745894 1247615 3435054 344218 576648 28507697 20938933 5506356 -970216 342948 386231 24745894 19655798 1686924 237814 322099 319504 20938933 16893822 770289 2651019 323073 336259 19655798 0.03168 0.80091 0.16741 false false 0 767581 767581 0 13070544 9563919 3506625 0 30812795 9532960 21279835 0 6799654 4943726 1855928 0 5674664 3519945 2154719 29564688 0 POSTRETIREMENT HEALTH BENEFIT PLAN 8877644 CONDITIONAL ASSET RETIREMENT OBLIG 564900 REFUNDABLE GOVERNMENT LOAN PROGRAM 631893 10074437 X 58059100 -3860697 -8161072 -12021769 70080869 349198 -1324600 -975402 69105467 60171980 844887 844887 59327093 349198 8161072 8510270 67837363 Endowment funds Form 990, Schedule D, Part V, line 4 THE COLLEGE'S ENDOWMENT CONSISTS OF A PORTFOLIO OF ACTIVELY MANAGED 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. UNCERTAIN TAX POSITIONS FORM 990, SCHEDULE D, PART X, LINE 2 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 2018 OR 2017. RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XI LINE 2, D - $(8,161,072) TUITION DISCOUNTS AND SCHOLARSHIPS LINE 4, B - $(992,465) COST OF GOODS SOLD INCLUDED AS EXPENSES ON FINANCIAL $(34,586) TUITION REIMBURSEMENTS INCLUDED IN PART IX $(297,549) DIRECT COSTS OF FUNDRAISING EVENTS INCLUDED AS EXPENSES ON FINANCIAL ------------ $(1,324,600) TOTAL RECONCILIATION OF EXPENSES FORM 990, SCHEDULE D, PART XII LINE 2, D - $992,465 COST OF GOODS SOLD INCLUDED IN PART VIII $34,586 TUITION REIMBURSEMENTS INCLUDED IN PART VIII $297,549 SPECIAL EVENT EXPENSE INCLUDED IN PART VIII $(124,635) ADJUSTMENT FOR POST RETIREMENT HEALTH BENEFITS $(770,078) ADJUSTMENT FOR CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $415,000 WRITE OFF OF UNCOLLECTIBLE PLEDGE ----------------- $844,887 TOTAL LINE 4, B - $8,161,072 TUITION DISCOUNTS AND SCHOLARSHIPS true true true true true true true false false false false false false false false true false true 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. Sub-Saharan Africa Program Services PROFESSIONAL DEVELOP. 119228 Middle East and North Africa Program Services PROFESSIONAL DEVELOP. 44691 163919 163919 false false false false false true Trustees Dinner 1027708 921208 106500 210710 13626 SFC Benefits 227238 227238 72155 1058 2 1254946 921208 333738 282865 14684 297549 36189 true SYRACUSE CITY SCHOOL DISTRICT 1005 WEST FAYETTE SCHOOL SYRACUSE NY 13204 156010157 SCSD 183333 NY NETWORK COLLAB ROCHESTER CITY SCHOOLS DISTRICT 131 WEST BROAD STREET ROCHESTER NY 14614 166002010 RCSD 116667 NY NETWORK COLLAB YONKERS PUBLIC SCHOOLS ONE LARKIN CENTER YONKERS NY 16301 136007340 YPS 116667 NY NETWORK COLLAB UTICA CITY SCHOOL DISTRICT 106 MEMORIAL PARKWAY UTICA NY 13501 156002667 UCSD 83333 NY NETWORK COLLAB 4 Scholarships 501 8152771 GRANT ELIGIBILITY & MONITORING SCHEDULE I, PART I, LINE 1 AND 2 THE COLLEGE PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE COLLEGE AND THE SCHOOL FOR CHILDREN. 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 THE COST OF TUITION, NO FURTHER MONITORING OF THE SCHOLARSHIPS IS REQUIRED. SCHEDULE I, 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. X true true X X X false false false false false false false true false SHAEL POLAKOW-SURANSKY PRESIDENT & TRUSTEE 437710 0 0 0 13660 0 34875 0 158502 0 644747 0 0 0 JUSTIN TYACK CHIEF OPERATING OFFICER 289211 0 0 0 0 0 16875 0 10426 0 316512 0 0 0 MARION KOWALSKI CHIEF FINANACIAL OFFICER 148927 0 0 0 0 0 9753 0 7118 0 165798 0 0 0 JED LIPPARD DEAN, SCHOOL FOR CHILDREN 298864 0 7500 0 73911 0 23483 0 44850 0 448608 0 0 0 SONJA CARTER VICE PRESIDENT, DERO 232670 0 0 0 0 0 14629 0 1398 0 248697 0 0 0 JOSHUA THOMASES DEAN, IPR 204963 0 0 0 0 0 13394 0 23461 0 241818 0 0 0 CECELIA TRAUGH DEAN, GRAD SCHOOL 215742 0 0 0 0 0 13654 0 13265 0 242661 0 0 0 BARBARA COLEMAN ASSOCIATE DEAN, GRAD SCHOOL 192915 0 0 0 0 0 14857 0 15071 0 222843 0 0 0 LAURA GUARINO ASSOC. DEAN, SCH FOR CHILDREN 199811 0 0 0 0 0 15214 0 12941 0 227966 0 0 0 DOUGLAS KNECHT DIRECTOR, BANK ST ED CENTER 194044 0 0 0 0 0 12941 0 31106 0 238091 0 0 0 SHARON RYAN DIRECTOR, NON SCHOLARSHIP ENDO 152716 0 0 0 0 0 8924 0 2550 0 164190 0 0 0 JEANNETTE COREY DIR., FC PRESCHOOL INT. CTR 139794 0 0 0 29658 0 9005 0 15206 0 193663 0 0 0 SCHEDULE J, 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. NONFIXED PAYMENT SCHEDULE J, PART I, LINE 7 JED LIPPARD RECIEVED A NONFIXED BONUS PAYMENT BASED ON THE ACCOMPLISHMENT OF PERFORMANCE-RELATED GOALS AND APPROVAL BY THE BOARD OF TRUSTEES. THIS BONUS IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II). A DASNY SERIES 2017A 146000293 000000000 2017-02-17 18000000 CAPITAL PROJ., REFUND 2002 BOND false false false A 194669 0 18000000 0 0 0 348229 0 0 14667850 1884044 1099877 true false false A false false true true false 0 false false false true A false true false false true true PEOPLE'S UNITED BANK 0.298 false false false 0 true A true 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. 44331 FINANCIAL AID OFFSET TUITION X 18 80373 SEE PART II false true false NUMBER OF CONTRIBUTIONS PART I, COLUMN (B) THE NUMBER OF CONTRIBUTIONS IS REPORTED. METHOD OF DETERMINING NONCASH AMOUNT PART I, LINE 9, COLUMN (D) MEAN MARKET PRICE ON DATE OF CONTRIBUTION. BRIEF DESCRIPTION OF ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 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 I, LINE 7B UNRELATED BUSINESS TAXABLE INCOME FROM FORM 990-T THE AMOUNT REPORTED ON PART I, LINE 7B INCLUDES CERTAIN FRINGE BENEFIT EXPENSES SUBJECT TO UNRELATED BUSINESS TAXABLE INCOME UNDER IRC SECTION 512(A)(7) AMOUNTS THAT ARE NOT CLASSIFIED AS REVENUE AND, THEREFORE, NOT REPORTED AS SUCH ON FORM 990, PART VIII. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 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. FORM 990, PART III, LINE 4D 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. 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. FORM 990 REVIEW FORM 990, PART VI, LINE 11B 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. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C 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. OFFICER COMPENSATION REVIEW FORM 990, PART VI, LINE 15 A/B 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 MOST RECENT EVALUATION TOOK PLACE IN MARCH 2017. 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 DOCUMENT THE DECISION IN THE COMMITTEE MINUTES. DOCUMENT REVIEW POLICY FORM 990, PART VI, LINE 19 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.GULDESTAR.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. RECONCILIATION OF NET ASSETS FORM 990, PART XI LINE 9 $ 770,078 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $ 124,635 ADJUSTMENT FOR POSTRETIREMENT HEALTH BENEFIT PLAN ($ 415,000) WRITE-OFF OF UNCOLLECTIBLE PLEDGE ------------- $ 479,713 TOTAL 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, 2018. 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