2018-05-15T10:45:35-05:00 2017-06-30 132907212 FRENDEL BROWN & WEISSMAN LLP CPA'S 655 THIRD AVE-SUITE 1400 NEW YORK NY 10017 990 2016-07-01 132910511 LA SCUOLA D ITALIA-GUGLIELMO MARCONI LASC 2123693290 12 EAST 96TH STREET NEW YORK NY 10128 STEFANO ACUNTO CHAIRMAN 2123693290 2018-05-15 1 JOHN P CIFICHIELLO P00046244 2128679630 2018-05-15 38.140.20.122 2018-05-15 11:45:26 ED P 080C5FEF385A100FF3EED5CA28A6221EA120BB93 9F058254C66F448001FA7880266EBE8681C1E050 2016 2021-01-29 14:40:06Z STEFANO ACUNTO 12 EAST 96TH STREET NEW YORK NY 10128 6764536 0 X WWW.LASCUOLADITALIA.ORG X 1977 NY EDUCATIONAL INSTITUITION - BILINGUAL AND BICULTURAL (ITALIAN/ENGLISH} SCHOOL FOR CHILDREN PRE-K THROUGH HIGH SCHOOL. 14 14 85 14 0 0 236446 273625 5923429 6169436 50005 18370 118471 177747 6328351 6639178 0 0 0 0 4626670 4346319 0 0 0 1831222 2756261 6457892 7102580 -129541 -463402 81917353 81366780 74388913 74381966 7528440 6984814 PROVIDE A COMPLETE BILINGUAL AND BICULTURAL EDUCATION (ITALIAN AND ENGLISH) WHICH CONFORMS TO THE ITALIAN MINISTRY SYSTEM FOR CHILDREN IN GRADES PREK THROUGH 12. 0 0 5089758 6169436 PROVIDE A COMPLETE BILINGUAL AND BICULTURAL EDUCATION (ITALIAN AND ENGLISH) WHICH CONFORMS TO THE ITALIAN MINISTRY SYSTEM FOR CHILDREN IN GRADES PREK THROUGH 12. 5089758 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 85 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARIA PALANDRA 2123693290 12 EAST 96 STREET NEW YORK NY 10128 X STEVE ACUNTO CHAIRPERSON 5.00 0.00 X X 0 0 0 PIERA PALAZZOLO FALZONE VICE CHAIRPERSON 5.00 0.00 X X 0 0 0 ROSEMARIE GALLINA-SANTANGELO SECRETARY 5.00 0.00 X X 0 0 0 RICHARD MAROTTA TREASURER 5.00 0.00 X X 0 0 0 CHARLES ADAMS TRUSTEE 5.00 0.00 X 0 0 0 ROSALIA AGRESTI TRUSTEE 5.00 0.00 X 0 0 0 FRANCESCO BARDAZZI TRUSTEE 5.00 0.00 X 0 0 0 MARCO BIANCHI TRUSTEE 5.00 0.00 X 0 0 0 VALENTINO GALLO TRUSTEE 5.00 0.00 X 0 0 0 DOMINIC MASSARO TRUSTEE 5.00 0.00 X 0 0 0 GABRIEL MONZON-CORTARELLI ESQGABR TRUSTEE 5.00 0.00 X 0 0 0 TOM PECORA TRUSTEE 5.00 0.00 X 0 0 0 FRANCESCA VERGAFRANCESCA VERGA TRUSTEE 5.00 0.00 X 0 0 0 ALESSANDRO ZAMPEDRI TRUSTEE 5.00 0.00 X 0 0 0 MARIA PALANDRA HEAD OF SCHOOL 40.00 0.00 X 272925 0 0 272925 0 0 1 0 1 0 ALSTON & BIRD LLP 90 PARK AVENUE NEW YORK NY 100161387 LEGAL 299188 CHRYSALIS MANAGEMENT LLC 135 CROSSWAYS PARK DR WOODBURY NY 11797 FINANCIAL ADVISORY CONSULTING 272699 KISNA OFFICE CLEANING SERVICE CORP PO BOX 250137 BROOKLYN NY 11225 CLEANING SERVICES 129185 3 54490 219135 273625 TUITION 611110 5638146 5638146 REGISTRATION FEES 611110 383100 383100 AFTER SCHOOL FEES 611110 133879 133879 APPLICATION FEES 611110 7770 7770 LATE PAYMENT FEES 611110 6541 6541 6169436 18370 18370 301508 54490 125358 176150 176150 MISCELLANEOUS 900009 1597 1597 1597 6639178 6169436 0 196117 263850 263850 3433413 2901536 531877 65769 51614 14155 274914 215747 59167 308373 242005 66368 613784 613784 45638 45638 395354 77023 318331 25680 25680 53363 15287 38076 53606 53606 424820 424820 28641 28641 20960 20960 524210 524210 92991 92991 BAD DEBT EXPENSE 135274 135274 TEXT BOOKS AND SUBSCRIP 105082 105082 PROFESSIONAL DEVELOPMEN 52997 52997 PAYROLL PROCESSING CHAR 36226 28256 7970 147635 147635 7102580 5089758 2012822 0 1306641 1625270 91774 96899 5000 4067 90111 65898 78394785 4208510 65940900 74186275 14482927 5388371 81917353 81366780 197961 498837 1826013 1279370 70329939 72538759 2035000 65000 74388913 74381966 X 7478220 6984814 50220 0 7528440 6984814 81917353 81366780 -463402 -80224 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 958000 958000 3790584 3342349 448235 400102 258092 142010 376931 365882 11049 72869168 242187 72626981 74186275 SECURITY DEPOSITS 99617 BOND ISSUANCE COSTS 4215108 PROJECT FUND 1073646 5388371 RESERVE FOR BAD-DEBT 65000 65000 X 6639178 0 6639178 0 6639178 7102580 0 7102580 0 7102580 PART X, LINE 2: THE SCHOOL ADOPTED THE RPOVISIONS OF ASC 740, "INCOME TAXES", ON JULY 1, 2009. UNDER ASC 740, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE IMPLEMENTATION OF ASC 740 HAD NO IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE SCHOOL HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE SCHOOL HAS FILED IRS FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEARS ENDED JUNE 30, 2017 AND 2016, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENT OF ACTIVITIES. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY A TAXING AUTHORITY. AS OF JUNE 30, 2016, THE SCHOOL WAS NOT SUBJECT TO ANY EXAMINATION BY A TAXING AUTHORITY. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISING, ADMISSION BROCHURES AND PUBLICATIONS STATE THAT THE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, RELIGION OR PHYSICAL DISABILITY. ANNUAL GALA 355998 54490 301508 62250 18975 44133 355998 54490 301508 62250 18975 44133 125358 176150 X 1 1 X X X 0 0 0 0 0 0 0 0 0 MARIA PALANDRA HEAD OF SCHOOL 236925 0 0 0 36000 0 0 0 0 0 272925 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE FOR MARIA PALANDRA APPROVED BY THE BOARD OF DIRECTORS. A BUILD NYC RESOURCE CORPORATION 454040561 12008EKD7 2015-09-11 57940000 FINANCING OF THE ACQUISITION, RENOVATIONS 0 0 0 B BUILD NYC RESOURCE CORPORATION 454040561 12008EKE5 2015-09-11 17465000 FINANCING OF THE ACQUISITION, RENOVATIONS 0 0 0 A 56124224 5282951 1054508 50964098 263698 0 0 0 1 B 14078432 1518338 349300 12491739 79313 0 0 0 1 A 0 0 0 0 1 0 0 B 0 0 0 0 1 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND THEN REVIEWED BY THE FINANCE DEPARTMENT. THE BOARD FO TRUSTEED ARE PROVIDED A COPY OF THE FORM 990 FOR REVIEW AND COMMENTS BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY AND ASKED TO ANNUALLY SIGN A DOCUMENT THAT THEY AGREE TO DISCLOSE IF THEY BELIEVE A CONFLICT EXISTS, AND ABIDE BY THE POLICIES DETAILED IN THE POLICY FOR HANDLING SUCH CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES USES COMPARABLE SALARY DATA FOR THE POSITION OF HEAD OF THE SCHOOL IN SETTING COMPENSATION ANNUALLY. NO OTHER OFFICERS OR KEY EMPLOYEES RECEIVE COMPENSATION FROM THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ROGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS.