2016-05-16T11:15:39-05:00 2015-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2014-07-01 131740472 MASTERS SCHOOL MAST 9144796400 49 CLINTON AVENUE DOBBS FERRY NY 10522 LAURA DANFORTH HEAD OF SCHOOL 9144796400 2016-05-16 1 ROBERT R LYONS CPA P00227472 2125038800 2014 2016-08-17 19:52:53Z LAURA DANFORTH 49 CLINTON AVENUE DOBBS FERRY NY 10522 56009691 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. 23 23 314 240 0 0 4783730 17768851 29272028 31976017 1046939 1132567 0 0 35102697 50877435 5040906 5475590 0 0 15940476 17415489 0 0 998509 10357046 11192802 31338428 34083881 3764269 16793554 111612367 131267349 39259016 43246836 72353351 88020513 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 22424346 5475590 31976017 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. NEW ADDITIONS TO OUR 670-STRONG STUDENT BODY, AND 96 ACRE CAMPUS, INCLUDE HEAD OF SCHOOL LAURA DANFORTH, EFFECTIVE JULY 1, 2015, AND THE COMPLETION OF THE 75,000 SQUARE FOOT FONSECA CENTER, A NEW HOME FOR OUR ARTS AND ATHLETICS PROGRAMS. 22424346 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 95 0 314 1 0 0 0 0 0 0 0 0 0 0 X 23 23 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 RALPH ROSENBERG VICE CHAIR 2.00 X X 0 0 0 STEPHEN FEDER TREASURER 2.00 X X 0 0 0 BETH NOLAN SECRETARY 2.00 X X 0 0 0 EDITH C CHAPIN TRUSTEE 1.00 X 0 0 0 JONATHAN CLAY TRUSTEE 1.00 X 0 0 0 MICHAEL GREENE TRUSTEE 1.00 X 0 0 0 ELISE GRIFFIN 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 LUSYD KOURIDES TRUSTEE (FORMER) 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 MINDY MEADS TRUSTEE 1.00 X 0 0 0 JERRIE MILLER TRUSTEE (FORMER) 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 ELIZABETH RIEGELMAN 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 KERYN MATHAS TRUSTEE 1.00 X 0 0 0 J KEITH MORGAN TRUSTEE 1.00 X 0 0 0 SHAN ZHU TRUSTEE 1.00 X 0 0 0 MAUREEN FONSECA HEAD OF SCHOOL 40.00 X 601122 0 38872 ROBERT ROONEY DIR OF BUS AND FIN (FORMER 40.00 X 83857 0 18009 LEWIS WYMAN DIR OF BUS AND FIN (FORMER) 40.00 X 151269 0 15928 TIMOTHY KANE ASSOCIATE DIRECTOR OF INST 40.00 X 207487 0 37324 SOPHIA PRIMPS DIRECTOR OF CAPITAL GIFTS 40.00 X 139102 0 21960 ANDREA BOTERO ASSOCIATE HEAD FOR FACULTY 40.00 X 134908 0 14159 DANIEL PEREIRA DIRECTOR OF TECHNOLOGY 40.00 X 122710 0 19431 KEITH HOLTON DIR OF ENROLLMENT AND FINCL AID 40.00 X 120585 0 43585 RICHARD M IVES UPPER SCHOOL HEAD 40.00 X 109706 0 11557 1670746 0 220825 8 0 1 0 SHAWMUT DESIGN AND CONSTRUCTION 3 EAST 54TH STREET NEW YORK NY 10022 GENERAL CONSTRUCTION 14623835 ARAMARK CORPORATION 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICES 1692433 PETER GISOLFI ASSOCIATES 566 WARBURTON AVENUE HASTINGS ON HUDSON NY 10706 ARCHITECT AND DESIGN 966107 GLOBAL TRANSPORATION INC 59 PORTLAND PLACE 1E YONKERS NY 10703 TRANSPORTATION SERVICES 417622 JJDK CONTRACTING 18 NICHOLAS WAY MAHOPAC NY 10541 GENERAL CONSTRUCTION 370772 10 17768851 636101 17768851 TUITION AND FEES 611110 29926436 29926436 AUXILIARY ACTIVITY 900099 1194842 1194842 OTHER SERVICES 900099 854739 854739 31976017 628347 628347 5636476 5132256 504220 504220 504220 50877435 31976017 0 1132567 5475590 5475590 1547259 1290278 256981 12507976 8298516 3839372 370088 1075238 696484 351205 27549 1319726 909034 362788 47904 965290 581112 342958 41220 79595 79595 165998 165998 301617 301617 129117 129117 207403 102334 105069 103598 103598 1211553 1211553 517686 157326 360360 245037 131804 113233 947259 947259 1673983 1673983 358022 358022 FOOD PROGRAMS 1235575 1235575 INSTRUCTION 946034 922443 23591 BUILDING EXPENSES 597366 597366 FUND RAISING/ALUMNAE 563577 340486 16326 206765 1909382 594378 1267002 48002 34083881 22424346 10661026 998509 22656741 12677777 5857226 6011133 4445340 8761124 197855 134882 51500 54792 808443 823724 88856794 25897819 43142220 62958975 33631810 38628208 821232 1216734 111612367 131267349 1595361 5517732 5805726 6234104 31780000 31495000 77929 0 39259016 43246836 X 33389794 40470066 20927995 20410660 18035562 27139787 72353351 88020513 111612367 131267349 X 16793554 -1085485 -40907 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32858344 3428711 -84003 897675 35305377 26508609 3328607 3619694 598566 32858344 23751304 945212 2330314 518221 26508609 26913827 83864 -218554 3027833 23751304 23169867 277614 3466346 26913827 0.30910 0.60770 0.08320 0 0 3354306 3354306 47756873 18588783 29168090 8558702 7309036 1249666 29186913 29186913 62958975 X 49625952 -1085485 -1085485 50711437 165998 165998 50877435 33958790 40907 40907 33917883 165998 165998 34083881 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, 2015 AND 2014, IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY UNCERTAIN TAX POSITIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE ACCOUNTS 40,907. 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 $448,278 FROM THE STATE OF NEW YORK. 1 SCHOLARSHIPS 192 5475590 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 MAUREEN FONSECA HEAD OF SCHOOL 376122 0 0 0 225000 0 37612 0 1260 0 639994 0 0 0 LEWIS WYMAN DIR OF BUS AND FIN (FORMER) 151269 0 0 0 0 0 15127 0 801 0 167197 0 0 0 TIMOTHY KANE ASSOCIATE DIRECTOR OF INST 207487 0 0 0 0 0 20748 0 16576 0 244811 0 0 0 SOPHIA PRIMPS DIRECTOR OF CAPITAL GIFTS 139102 0 0 0 0 0 13910 0 8050 0 161062 0 0 0 KEITH HOLTON DIR OF ENROLLMENT AND FINCL AID 120585 0 0 0 0 0 12058 0 31527 0 164170 0 0 0 A DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 2013-06-19 32000000 PURCHASE AND CONSTRUCTION OF BUILDINGS 0 0 0 A 32000000 1380586 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 73 636101 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. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE ACCOUNTS -40,907. PART XI, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR.