2019-05-08T13:28:30-05:00 2018-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2017-07-01 131635286 THE SPENCE SCHOOL % ELYSE WATERHOUSE SPEN 2122895940 22 EAST 91ST STREET NEW YORK NY 10128 ELYSE WATERHOUSE DIRECTOR OF FINANCE 2129436822 2019-05-08 true CANDICE METH P01306891 2129498700 64.238.150.4 26505220191285000017 2019-05-08 P 0D6C64292980B01E221BB65597699A6824A41647 D611A41C46BF25E5A65C9B6AAB3989918C636A13 2017 2019-02-21 02:37:17Z ELLANOR BRIZENDINE 22 EAST 91ST STREET NEW YORK NY 10128 54841541 false X WWW.SPENCESCHOOL.ORG X 1928 NY TO PREPARE A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE. 25 25 391 200 116621 126987 7952434 12729991 36387724 38620100 12021066 2827269 578330 174753 56939554 54352113 5302229 5610333 0 0 28457285 30358597 0 0 2397918 14945158 15339777 48704672 51308707 8234882 3043406 312371569 316380748 21818985 23255046 290552584 293125702 WITH A COMMITMENT TO ACADEMIC EXCELLENCE AND PERSONAL INTEGRITY, THE SPENCE SCHOOL PREPARES A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE. false false 43533275 5610333 38620100 THE SPENCE SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL PROVIDING AN EDUCATION FOR 754 GIRLS IN GRADES KINDERGARTEN THROUGH 12. 43533275 true true false false false false false false false true true true false false false true true false true false true false false false false false false false true true true false false false false false false false false false false true false false false false false false false false true 117 0 true 391 true true true true CJ false false false false false false false false X 25 25 true false false false false false false true true false false true true true true true true true true false X ELYSE WATERHOUSE 6469436822 22 EAST 91ST STREET NEW YORK NY 10128 WILLIAM L JACOB III PRESIDENT 10.0 0.0 X X 0 0 0 BETSY PITTS VICE PRESIDENT 2.0 0.0 X X 0 0 0 LYON POLK VICE PRESIDENT 2.0 0.0 X X 0 0 0 KIMBERLY KRAVIS SECRETARY 2.0 0.0 X X 0 0 0 LAUREN KLEINBERG LEVY PRESIDENT OF THE ALUMNAE ASSOC 2.0 0.0 X X 0 0 0 ERICA DESAI PRESIDENT OF PARENT ASSOC 2.0 0.0 X X 0 0 0 GEORGE R BASON JR TRUSTEE 2.0 0.0 X 0 0 0 ARTHUR CHU TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL P CLIFFORD TRUSTEE 2.0 0.0 X 0 0 0 ANAND DESAI TRUSTEE 2.0 0.0 X 0 0 0 REBECCA DANZIGER GAMZON TRUSTEE 2.0 0.0 X 0 0 0 AMY GRIFFIN TRUSTEE 2.0 0.0 X 0 0 0 EMILIO HARRIS TRUSTEE 2.0 0.0 X 0 0 0 JENNIFER HOINE TRUSTEE 2.0 0.0 X 0 0 0 SONNY KALSI TRUSTEE 2.0 0.0 X 0 0 0 ADAM KLEIN TRUSTEE 2.0 0.0 X 0 0 0 ROBERT N LAUDER TRUSTEE 2.0 0.0 X 0 0 0 MEREDITH RUBEL LIPSHER TRUSTEE 2.0 0.0 X 0 0 0 RICHARD OLCOTT TRUSTEE 2.0 0.0 X 0 0 0 C CYBELE RAVER TRUSTEE 2.0 0.0 X 0 0 0 JAMES SHULMAN TRUSTEE 2.0 0.0 X 0 0 0 JOSE TAVAREZ TRUSTEE 2.0 0.0 X 0 0 0 THEODORE T WANG TRUSTEE 2.0 0.0 X 0 0 0 AKUEZUNKPA UDE WELCOME TRUSTEE 2.0 0.0 X 0 0 0 RAVI P YADAV TRUSTEE 2.0 0.0 X 0 0 0 ELLANOR N BRIZENDINE HEAD OF SCHOOL 40.0 0.0 X 766739 0 52326 ELYSE WATERHOUSE DIRECTOR FINANCE & OPERATIONS 40.0 0.0 X 461742 0 34127 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 40.0 0.0 X 257517 0 32012 MICHELE KRAUTHAMER HEAD OF UPPER SCHOOL 40.0 0.0 X 250362 0 35073 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 40.0 0.0 X 247357 0 31364 DOUG BROPHY ACADEMIC DEAN 40.0 0.0 X 290690 0 31731 CHRISTOPHER YORK INFORMATION SYSTEMS MANAGER 40.0 0.0 X 248806 0 31035 DANA CROWELL DIRECTOR OF COLLEGE COUNSELING 40.0 0.0 X 215784 0 33303 SUSAN PARKER DIRECTOR OF ADMISSIONS 40.0 0.0 X 214620 0 35834 MICHELE MURPHY DIR ACADEMIC PRGRMS/TECHNOLOGY 40.0 0.0 X 214514 0 37059 3168131 0 353864 99 false true false ROGERS PARTNERS PLC 100 READE STREET NEW YORK NY 10013 ARCHITECTURE DESIGN 1925249 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 PRE-CONSTRUCTION SVC 1646018 ZUBATKIN OWNER REPRESENTATION LLC 333 WEST 52ND STREET NEW YORK NY 10019 CONSTRUCTION MANAGER 651884 BUILDING MAINTENANCE SERVICE LLC 11 PENN PLAZA NEW YORK NY 10001 CLEANING SERVICES 359751 FRIEDMAN GOTBAUM LLP 568 BROADWAY NEW YORK NY 10012 LEGAL SERVICES 327415 5 778162 11951829 912720 12729991 TUITION 611710 37292611 37292611 AFTER SCHOOL PRGM 611710 888309 888309 MUSIC PROGRAM FEES 611710 199238 199238 STUDENT FEES 611710 97874 97874 OTHER PROGRAM SERVICE REVENUE 611710 142068 142068 38620100 1971874 1971874 0 0 179641 179641 0 179641 76640 103001 1344823 489428 855395 855395 44869 810526 0 0 0 0 0 0 0 0 0 PASS-THRU LOSS FROM LIMITED PARTNERSHIP K-1'S -4888 -4888 -4888 54352113 38620100 116621 2885401 0 5610333 5610333 0 0 2239143 1731450 507693 0 21616579 19649221 835835 1131523 1509940 1383966 57693 68281 3360342 3056537 158119 145686 1632593 1482294 81385 68914 0 83805 83805 55000 55000 0 0 188409 188409 992462 593932 324474 74056 280786 23642 257144 1148104 569625 219631 358848 550821 66635 446530 37656 0 1685933 1348746 337187 637440 591623 20374 25443 0 234146 220634 5916 7596 353169 353169 0 5205383 4164306 1041077 381417 305134 76283 FOOD SERVICE 581128 581128 AFTERSCHOOL PROGRAMS 878389 878389 CAMPAIGN EXPENSES 211271 211271 OTHER EXPENSES 1872114 1299322 561292 11500 51308707 43533275 5377514 2397918 1000 1000 42206639 46043478 21711603 14914531 660751 767262 0 0 0 0 8045 4615 0 0 2545714 2188220 219005457 55856148 161648137 163149309 56946767 65773856 26125177 23047358 0 0 0 0 517736 491119 312371569 316380748 1614709 2730481 0 0 8063145 8948833 12141131 11575732 0 0 0 0 0 0 0 0 0 0 21818985 23255046 X 163179868 165849569 63597967 62788718 63774749 64487415 290552584 293125702 312371569 316380748 X 3043406 3625334 -4095622 X false true X true false X 84878598 715693 6146023 3702000 88038314 80181532 957956 7264110 3525000 84878598 78307974 6333281 -1120723 3339000 80181532 77638918 2407031 1332025 3070000 78307974 67391297 3426029 10117592 3296000 77638918 0.04710 0.73250 0.22040 false false 30693288 30693288 169238068 48198118 121039950 8880212 7658030 1222182 10193889 0 10193889 163149309 HEDGE FUNDS 19434681 F PRIVATE EQUITY FUNDS 3612677 F 23047358 0 0 X 52178705 3625334 3625334 48553371 188409 5610333 5798742 54352113 49605587 4095622 4095622 45509965 188409 5610333 5798742 51308707 FORM 990, SCHEDULE D, PART V, LINE 4 THE SCHOOL'S ENDOWMENT CONSISTS OF BOTH INDIVIDUAL DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE ENDOWMENT FUNDS OF THE SCHOOL ARE INTENDED TO BE USED TO SUPPORT ITS LONG-TERM MISSION. FORM 990, SCHEDULE D, PART X, LINE 2 THE SCHOOL IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. FOR THE SCHOOL, THESE PROVISIONS COULD BE APPLICABLE TO THE INCURRENCE OF UNRELATED BUSINESS INCOME TAX ("UBIT") ATTRIBUTABLE TO CERTAIN OF THE SCHOOL'S INVESTMENTS AND RENTAL INCOME ACTIVITIES. HOWEVER, DUE TO THE SCHOOL'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. UBIT TAX EXPENSE REPORTED IN THE FINANCIAL STATEMENTS WAS $20,500 WHICH REPRESENTS THE SCHOOL'S ACCRUED TAX ON TRANSPORTATION BENEFITS AS REQUIRED BY THE TAX CUTS AND JOBS ACT OF 2017, AS WELL AS INVESTMENT INCOME AND RENTAL INCOME. FORM 990, SCHEDULE D, PART XI, LINE 4B AND PART XII, LINE 4B AMOUNT REPRESENTS FINANCIAL AID OF $5,610,333 WHICH WAS NETTED FOR FINANCIAL REPORTING PURPOSES. FORM 990, SCHEDULE D, PART XII, LINE 2D LOSS ON UNCOLLECTIBLE PLEDGES OF $4,095,622. true true true true true true true false false false false false false false false true false true FORM 990, SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE. FORM 990, SCHEDULE E, PART I, LINE 6A THE SCHOOL RECEIVES AN APPROPRIATION FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR THE PERFORMANCE OF MANDATED SERVICES AND FUNDING FOR SAFETY EQUIPMENT. Central America and the Caribbean Investments 7291185 7291185 7291185 true false false false true false FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (F) AMOUNT REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. FORM 990, SCHEDULE F, PART IV FORM 926: THE SCHOOL WAS A U.S. TRANSFEROR OF PROPERTY TO A FOREIGN CORPORATION DURING THE TAX YEAR, HOWEVER, THE SCHOOL DID NOT MEET THE MINIMUM FILING THRESHOLD REQUIREMENTS FOR THE FORM. FORM 8865: THE SCHOOL HAD AN OWNERSHIP INTEREST IN A FOREIGN PARTNERSHIP DURING THE TAX YEAR, HOWEVER THE SCHOOL DID NOT MEET THE REPORTING REQUIREMENTS FOR THIS FORM. true FINANCIAL AID PROVIDED TO STUDENTS 140 5610333 FAIR MARKET VALUE TUITION REDUCTION FORM 990, SCHEDULE I, PART I, LINE 2 THE SPENCE SCHOOL REQUESTS THAT FAMILIES APPLYING FOR NEED-BASED FINANCIAL AID ANNUALLY SUBMIT THE PARENTS' FINANCIAL STATEMENTS TO SCHOOL AND STUDENT SERVICES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ("NAIS"), AS WELL AS PROVIDE COPIES OF FINANCIAL INFORMATION, SUCH AS TAX RETURNS AND W-2 FORMS. ALL GRANTS OF FINANCIAL AID ARE APPLIED TO A RECIPIENT'S OUTSTANDING TUITION CHARGES. X X true true X X X X false true false false false false false false ELLANOR N BRIZENDINE HEAD OF SCHOOL 766739 0 0 0 0 0 40945 0 11381 0 819065 0 0 0 ELYSE WATERHOUSE DIRECTOR FINANCE & OPERATIONS 461742 0 0 0 0 0 22945 0 11182 0 495869 0 0 0 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 257517 0 0 0 0 0 20631 0 11381 0 289529 0 0 0 MICHELE KRAUTHAMER HEAD OF UPPER SCHOOL 250362 0 0 0 0 0 21169 0 13904 0 285435 0 0 0 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 247357 0 0 0 0 0 19983 0 11381 0 278721 0 0 0 DOUG BROPHY ACADEMIC DEAN 290690 0 0 0 0 0 20350 0 11381 0 322421 0 0 0 CHRISTOPHER YORK INFORMATION SYSTEMS MANAGER 248806 0 0 0 0 0 19853 0 11182 0 279841 0 0 0 DANA CROWELL DIRECTOR OF COLLEGE COUNSELING 215784 0 0 0 0 0 17956 0 15347 0 249087 0 0 0 SUSAN PARKER DIRECTOR OF ADMISSIONS 214620 0 0 0 0 0 16460 0 19374 0 250454 0 0 0 MICHELE MURPHY DIR ACADEMIC PRGRMS/TECHNOLOGY 214514 0 0 0 0 0 18368 0 18691 0 251573 0 0 0 FORM 990, SCHEDULE J, PART I LINE 1A THE SCHOOL PROVIDES HOUSING TO THE HEAD OF SCHOOL. THE HOUSING BENEFIT IS PART OF THE EMPLOYMENT CONTRACT OF THE HEAD OF SCHOOL. FORM 990, SCHEDULE J, PART I, LINE 4B THE SCHOOL MAINTAINS A SECTION 457(B) DEFERRED-COMPENSATION PLAN FOR ITS HEAD OF SCHOOL. THE SCHOOL PROVIDES ANNUAL CONTRIBUTIONS TO THE PLAN ON HER BEHALF. THE CONTRIBUTION FOR THE CURRENT YEAR WAS $18,000. A BUILD NYC RESOURCE CORPORATION 454040561 2013-09-25 14080000 EXPANSION/ACQUISITION OF SPACE false false false A 0 0 0 14080000 0 0 310784 0 0 0 0 0 false false true true A false false false false 0 false false false true A false false false false false false 0 false 0 false true A true X 64 912720 FMV false true true FORM 990, SCHEDULE M, PART I, LINE 32A THE SCHOOL USES A THIRD PARTY BROKER TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES ANAND DESAI AND ERICA DESAI ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11A THE FORMS 990, 990-T AND CT-13 ARE DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINES 12C CONFLICT OF INTEREST STATEMENTS ARE DISTRIBUTED ANNUALLY FOR COMPLETION TO ALL TRUSTEES AND KEY EMPLOYEES AT A BOARD MEETING AND COLLECTED AT THE END OF THE MEETING. THE ASSISTANT TO THE HEAD OF SCHOOL FOLLOWS UP WITH ANY TRUSTEES WHO WERE NOT PRESENT. FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED AND APPROVED BY THE OFFICERS OF THE BOARD OF TRUSTEES BASED UPON COMPARATIVE DATA PUBLISHED BY PEER SCHOOLS AND THEN RATIFIED BY THE BOARD OF TRUSTEES. THE HEAD OF SCHOOL ALSO HAS A WRITTEN EMPLOYMENT AGREEMENT. THE COMPENSATION OF THE DIRECTOR OF FINANCE AND OPERATIONS AND KEY EMPLOYEES IS REVIEWED BY THE HEAD OF SCHOOL AND THE PRESIDENT OF THE BOARD OF TRUSTEES. COMPARATIVE DATA FROM PEER SCHOOLS IS USED TO MAKE SURE COMPENSATION IS AT CURRENT MARKET RATES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THE FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 LOSS ON UNCOLLECTIBLE PLEDGES OF $4,095,622.