2017-05-08T10:53:45-05:00 2016-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2015-07-01 131740472 MASTERS SCHOOL MAST 9144796400 49 CLINTON AVENUE DOBBS FERRY NY 10522 CPA HEAD OF SCHOOL 9144796400 2017-05-08 1 ROBERT R LYONS CPA P00227472 2125038800 2015 2021-01-29 14:40:06Z LAURA DANFORTH 49 CLINTON AVENUE DOBBS FERRY NY 10522 41326232 0 X WWW.MASTERSNY.ORG X 1877 NY THE MASTERS SCHOOL CELEBRATES ACTIVE PARTICIPATION, DEEP UNDERSTANDING, AND MEANINGFUL CONNECTION. A COMMUNITY OF DIVERSE INDIVIDUALS, WE GATHER TO LEARN, TO STRIVE, TO DARE, TO DO - TO BE A POWER FOR GOOD IN THE WORLD. 25 25 270 25 0 0 17768851 4131260 31976017 33907688 1132567 1288776 0 0 50877435 39327724 5475590 5488912 0 0 17415489 18920620 0 0 1894826 11192802 10501325 34083881 34910857 16793554 4416867 131267349 131139444 43246836 40385445 88020513 90753999 X THE MASTERS SCHOOL CELEBRATES ACTIVE PARTICIPATION, DEEP UNDERSTANDING, AND MEANINGFUL CONNECTION. A COMMUNITY OF DIVERSE INDIVIDUALS, WE GATHER TO LEARN, TO STRIVE, TO DARE, TO DO - TO BE A POWER FOR GOOD IN THE WORLD. 0 0 28974451 5488912 33907688 WHAT DISTINGUISHES MASTERS IS ITS UNIQUE COMBINATION OF QUALITIES: THE WAY OUR TEACHERS CHALLENGE STUDENTS ACADEMICALLY EVEN WHILE MAKING THEM FEEL AT HOME; THE WAY WE BRING TOGETHER BOARDING STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE WORLD WITH DAY STUDENTS TO INTRODUCE DIVERSE PERSPECTIVES INTO THE CONVERSATION; THE WAY WE ENABLE STUDENTS TO REALIZE THEIR GREATEST POTENTIAL ACROSS SO MANY DISCIPLINES-ACADEMIC, ATHLETIC, ARTISTIC-TO BECOME THEIR BEST SELVES. THIS DYNAMIC MELDING OF DEMANDING AND WELCOMING IS WHAT MAKES A MASTERS EDUCATION SO POWERFUL AND TRANSFORMATIVE. THE BOARD OF TRUSTEES APPROVED A NEW MISSION AND BELIEFS STATEMENT AND STRATEGIC PLAN ON NOVEMBER 1, 2014. WITH OUR NEW HEAD OF SCHOOL LAURA DANFORTH EFFECTIVE JULY 1, 2015, WE ARE EXPLORING THE WAYS WE CAN EVEN MORE EFFECTIVELY NURTURE AND EDUCATE OUR 670-STRONG STUDENT BODY ON OUR 96 ACRE CAMPUS CLOSE TO NEW YORK CITY. 28974451 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 84 0 270 1 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ED BIDDLE 9144796400 49 CLINTON AVENUE DOBBS FERRY NY 10522 TRACY TANG LIMPE BOARD CHAIR 2.00 X X 0 0 0 EDITH C CHAPIN VICE CHAIR 2.00 X X 0 0 0 J KEITH MORGAN TREASURER 2.00 X X 0 0 0 BETH NOLAN SECRETARY 2.00 X X 0 0 0 JONATHAN CLAY TRUSTEE 1.00 X 0 0 0 MICHAEL D'ANGELO TRUSTEE 1.00 X 0 0 0 MICHELLE DELONG TRUSTEE 1.00 X 0 0 0 KAREN FEINBERG DORSEY TRUSTEE 1.00 X 0 0 0 LUCINDA EMMETT TRUSTEE 1.00 X 0 0 0 MICHAEL GREENE TRUSTEE 1.00 X 0 0 0 ALEXANDRA HERZAN TRUSTEE 1.00 X 0 0 0 SHEREE HOLLIDAY TRUSTEE 1.00 X 0 0 0 CLAY LIFFLANDER TRUSTEE 1.00 X 0 0 0 SYDNEY SHAFROTH MACY TRUSTEE 1.00 X 0 0 0 EDGAR M MASTERS TRUSTEE 1.00 X 0 0 0 KERYN MATHAS TRUSTEE 1.00 X 0 0 0 SUSAN FOLLETT MORRIS TRUSTEE 1.00 X 0 0 0 CHRISTINE NEIKIRK TRUSTEE 1.00 X 0 0 0 M SUZANNE PAXTON TRUSTEE 1.00 X 0 0 0 JANET PIETSCH TRUSTEE 1.00 X 0 0 0 ELIZABETH RIEGELMAN TRUSTEE 1.00 X 0 0 0 RALPH ROSENBERG TRUSTEE 1.00 X 0 0 0 LYNN PILZER SOBEL TRUSTEE 1.00 X 0 0 0 DIANA DAVIS SPENCER TRUSTEE 1.00 X 0 0 0 SHAN ZHU TRUSTEE 1.00 X 0 0 0 STEPHEN FEDER TRUSTEE (FORMER) 1.00 X 0 0 0 ELISE GRIFFIN TRUSTEE (FORMER) 1.00 X 0 0 0 MINDY MEADS TRUSTEE (FORMER) 1.00 X 0 0 0 LAURA DANFORTH HEAD OF SCHOOL 40.00 X 153477 0 16260 MAUREEN FONSECA HEAD OF SCHOOL (FORMER) 40.00 X 367244 0 19489 EDWARD BIDDLE DIRECTOR OF BUSINESS & FINANCE 40.00 X 187979 0 801 TIMOTHY KANE ASSOCIATE DIRECTOR OF INST 40.00 X 210228 0 23093 ANDREA BOTERO ASSOCIATE HEAD FOR FACULTY 40.00 X 143109 0 18597 DANIEL PEREIRA DIRECTOR OF TECHNOLOGY 40.00 X 130565 0 14153 KEITH HOLTON DIR OF ENROLLMENT AND FIN. AID 40.00 X 128254 0 13390 RICHARD M IVES UPPER SCHOOL HEAD 40.00 X 115481 0 12127 1436337 0 117910 15 0 1 0 SHAWMUT DESIGN AND CONSTRUCTION 3 EAST 54TH STREET NEW YORK NY 10022 GENERAL CONSTRUCTION 5709285 ARAMARK CORPORATION 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICES 2167280 PETER GISOLFI ASSOCIATES 566 WARBURTON AVENUE HASTINGS ON HUDSON NY 10706 ARCHITECT AND DESIGN 419880 HB COMMUNICATIONS 1130 GLOBE AVE MOUNTAINSIDE NJ 07092 AUDIO/VISUAL 306855 GLOBAL TRANSPORTATION INC 59 PORTLAND PLACE 1E YOUNKERS NY 10703 TRANSPORTATION SERVICES 278782 16 4131260 249508 4131260 TUITION AND FEES 611110 31621932 31621932 OTHER SERVICES 900099 1539779 1539779 AUXILIARY ACTIVITY 900099 745977 745977 33907688 1374770 1374770 1912514 1998508 -85994 -85994 -85994 39327724 33907688 0 1288776 5488912 5488912 594376 51911 455946 86519 14139045 11325181 1707814 1106050 1199317 941642 154586 103089 1953929 1562423 264793 126713 1033953 800707 149898 83348 158920 158920 555243 331015 221470 2758 104996 104996 215450 98444 116865 141 111884 111884 1122053 1089955 21837 10261 474292 446949 23484 3859 232766 131472 101294 940742 940742 2047017 1988458 39839 18720 339005 329341 6575 3089 FOOD 1372907 1372907 REPAIRS AND MAINTENANCE 699195 680439 12760 5996 ALUMNI AND DEVELOPMENT 542290 261791 28677 251822 INSTRUCTION 515923 515923 1068642 616239 359942 92461 34910857 28974451 4041580 1894826 12677777 5878183 6011133 5690245 8761124 7523352 134882 91659 54792 58389 823724 834455 96922353 27944836 62958975 68977517 38628208 41023950 1216734 1061694 131267349 131139444 5517732 3852449 6234104 5327996 31495000 31205000 43246836 40385445 X 40470066 52340678 20410660 4561420 27139787 33851901 88020513 90753999 131267349 131139444 4416867 -1683381 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39616909 1887930 -569706 1035908 39899225 32792401 7806186 -84003 897675 39616909 26508609 3262664 3619694 598566 32792401 23751304 945212 2330314 518221 26508609 26913827 83864 -218554 3027833 23751304 0.25290 0.69300 0.05410 0 0 3354306 3354306 83736531 20203375 63533156 8979528 7741461 1238067 851988 851988 68977517 X 31996511 -1683381 -1683381 33679892 158920 5488912 5647832 39327724 29263025 0 29263025 158920 5488912 5647832 34910857 PART V, LINE 4: ENDOWMENT FUNDS ARE RESTRICTED TO INVESTMENT IN PERPETUITY WITH INVESTMENT RETURN PRINCIPALLY AVAILABLE FOR GENERAL OPERATIONS. EARNINGS ON ONE PERMANENTLY RESTRICTED DONATION ARE TO BE USED FOR THE SCHOOL'S PLANT MAINTENANCE EXPENSES. THE SCHOOL'S ENDOWMENT CONSISTS OF A NUMBER OF INDIVIDUAL FUNDS, ESTABLISHED FOR A VARIETY OF PURPOSES AND CONSISTING OF BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. PART X, LINE 2: THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2016 AND 2015, IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,488,912. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,488,912. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PUBLICIZED IN THE NEW YORK TIMES SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED $397,515 FROM THE STATE OF NEW YORK. 1 SCHOLARSHIPS 181 5488912 FAIR MARKET VALUE PART I, LINE 2: THE CALCULATION OF EACH STUDENT'S GRANT ELIGIBILITY IS DOCUMENTED AND STORED IN THE STUDENT'S ADMISSION FILE. SELECTION CRITERIA IS DETAILED IN A PROCEDURES MANUAL AND POSTED PUBLICLY ON THE SCHOOL'S WEBSITE. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 LAURA DANFORTH HEAD OF SCHOOL 153477 0 0 0 0 0 15000 0 1260 0 169737 0 0 0 MAUREEN FONSECA HEAD OF SCHOOL (FORMER) 195744 0 0 0 171500 0 19369 0 120 0 386733 0 0 0 EDWARD BIDDLE DIRECTOR OF BUSINESS & FINANCE 187979 0 0 0 0 0 0 0 801 0 188780 0 0 0 TIMOTHY KANE ASSOCIATE DIRECTOR OF INST 210228 0 0 0 0 0 22292 0 801 0 233321 0 0 0 ANDREA BOTERO ASSOCIATE HEAD FOR FACULTY 143109 0 0 0 0 0 17914 0 683 0 161706 0 0 0 A DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 2013-06-19 32000000 PURCHASE AND CONSTRUCTION OF BUILDINGS 0 0 0 A 32000000 593854 17303913 14102233 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 1 0 0 0 0 0 1 A 1 X 13 249508 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 EACH BOARD MEMBER IS PROVIDED A COPY OF FORM 990 FOR REVIEW PRIOR TO THE FILING OF THE RETURN. COMMENTS AND QUESTIONS ARE HEARD AT REGULARLY SCHEDULED BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE BOARD OF TRUSTEES, THE HEAD OF SCHOOL, THE MEMBERS OF THE LEADERSHIP TEAM AND KEY EMPLOYEES OF THE MASTERS SCHOOL. A CONFLICT OF INTEREST OR POTENTIAL CONFLICT MUST BE DISCLOSED TO THE CHAIR OF THE BOARD WHO THEN REFERS THE MATTER TO THE EXECUTIVE COMMITTEE OF THE BOARD. THE BOARD REQUIRES DISCLOSURE OF ANY POSSIBLE PERSONAL, FAMILY OR BUSINESS RELATIONSHIP THAT COULD GIVE RISE TO A CONFLICT INVOLVING THE SCHOOL. IF A CONFLICT EXISTS, THE INDIVIDUAL WILL REFRAIN FROM PARTICIPATING IN ANY CONSIDERATION OF TRANSACTIONS INVOLVING THE CONFLICT. IN ADDITION, THEY CAN NOT PARTICIPATE IN ANY DISCUSSION REGARDING THE MATTERS AND CAN NOT VOTE OR BE PRESENT DURING THE VOTE REGARDING THE MATTER. THE POLICY AND DISCLOSURE STATEMENT ARE DISTRIBUTED ANNUALLY AND MUST BE COMPLETED AND SIGNED. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS IN PLACE A COMPENSATION REVIEW COMMITTEE, WHICH REPORTS TO THE BOARD OF TRUSTEES. COMPARABILITY DATA USED ARE PEER COMPARISONS, INDUSTRY GUIDELINES AND AVERAGES. THE COMPENSATION MUST BE APPROVED BY THE COMMITTEE AS WELL AS MANAGEMENT OFFICIALS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. PART XI, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR.