2016-04-13T12:02:23-05:00 2015-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2014-07-01 131635257 The Chapin School Ltd % JAY MATHEWS C/O THE SCHOOL CHAP 2124724690 100 EAST END AVENUE NEW YORK NY 10028 Jay Mathews Director of Finance 2124724690 2016-04-13 true 212-949-8700 P00736879 2129498700 2014 2016-08-17 19:52:53Z PATRICIA HAYOT HEAD OF SCHOOL 100 EAST END AVENUE NEW YORK NY 10028 103163522 false X WWW.CHAPIN.EDU X 1929 NY THE CHAPIN SCHOOL IS AN INDEPENDENT DAY School for young women in Grades K-12. Chapin's committed to preparing YOUNG WOMEN TO THRIVE/LEAD THROUGH THE PURSUIT Of Academic EXCELLENCE. 20 20 251 150 0 8048196 42693409 29428231 30725115 8209593 10471307 200281 189635 45886301 84079466 4876702 5211060 0 0 20117129 20999526 146062 363000 2148336 12402256 12706590 37542149 39280176 8344152 44799290 203292205 238224372 31306116 30707428 171986089 207516944 THE CHAPIN SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR YOUNG WOMEN IN GRADES K THROUGH 12. CHAPIN IS COMMITTED TO PREPARING YOUNG WOMEN TO THRIVE AND LEAD THROUGH THE PURSUIT OF ACADEMIC EXCELLENCE, PERSONAL INTEGRETY AND COMMUNITY RESPONSIBILITY. false false 29521864 5211060 30725115 THE SCHOOL MEETS THE EDUCATIONAL NEEDS OF APPROXIMATELY 751 STUDENTS FROM KINDERGARTEN THROUGH 12TH GRADE, WITH AN INSTRUCTIONAL STAFF OF 130 AND ADDITIONAL SUPPORT OF 68 EMPLOYEES. GRANTS ARE GIVEN BY THE SCHOOL IN THE FORM OF FINANCIAL AID TO ELIGIBLE STUDENTS. DURING THE SCHOOL YEAR ENDED JUNE 30, 2015, 157 ELIGIBLE STUDENTS WERE AWARDED SUCH SCHOLARSHIPS. 29521864 true true false false false false false false false true true true false false true true true false true false true false false true true false false false true true true false false false false false true false false false false true false false false false false false false false true 100 0 true 251 true false true CJ false false false true true false false false false X 20 20 false false false false false false false true true false false true true true true true true true true false NY X JAY MATHEWS CO THE SCHOOL 2124724690 100 EAST END AVENUE NEW YORK NY 10028 X Linden Havemeyer Wise Chair 15.0 0.0 X X 0 0 0 Tanya Ryk Friedman Secretary 5.0 0.0 X X 0 0 0 LeeAnn Black Vice Chair 5.0 0.0 X X 0 0 0 Linda B Brandi Vice Chair 5.0 0.0 X X 0 0 0 Robert Baynard Trustee 2.0 0.0 X 0 0 0 Shelley Sporleder Carr Trustee 2.0 0.0 X 0 0 0 Stephanie Coleman Trustee 2.0 0.0 X 0 0 0 Brian Higgins Trustee 2.0 0.0 X 0 0 0 Lea Paine Highet Trustee 5.0 0.0 X 0 0 0 Sandra J Horbach Trustee 2.0 0.0 X 0 0 0 Mona Aboelnaga Kanaan TRUSTEE 2.0 0.0 X 0 0 0 Eric Lane Trustee 2.0 0.0 X 0 0 0 Clarence Mitchell Trustee 2.0 0.0 X 0 0 0 NP Narvekar Trustee 2.0 0.0 X 0 0 0 Lawrence Neubauer TRUSTEE 2.0 0.0 X 0 0 0 Betty Noel-Pierre TRUSTEE 2.0 0.0 X 0 0 0 Linda Gosden Robinson TRUSTEE 2.0 0.0 X 0 0 0 Stuart Rothenberg TRUSTEE 5.0 0.0 X 0 0 0 Burwell Schorr TRUSTEE 2.0 0.0 X 0 0 0 Jerry Thomas III TRUSTEE 5.0 0.0 X 0 0 0 Patricia Hayot Head of School 40.0 0.0 X 590004 0 40616 Jay Matthews Director of Finance 40.0 0.0 X 260660 0 41237 Mary Jo Quigley Assistant Head of School 40.0 0.0 X 212770 0 35318 Mary Rafferty Division Head 40.0 0.0 X 184970 0 31665 IIana Pergam Director of Studies 40.0 0.0 X 175730 0 30519 Thomas Palermo Director of Facilities 40.0 0.0 X 185420 0 31775 Michael Maloy Head of Upper School 40.0 0.0 X 174335 0 30290 1783889 0 241420 38 false true false N K ARCHITECTS 95 Washington Street MORRISTOWN NJ 07960 CONSTRUCTION 2057505 FRED BRENOWITZ 309 Vista Drive JERICHO NJ 11753 BUILDING MAINTENANCE 1582054 ARAMARK CORPORATION PO Box 7790-4230 PHILADELPHIA PA 19182 FOOD SERVICE 1379260 ABM JANITORIAL SVCS NEAST INC PO Box 1534 NEW YORK NY 100081534 JANITORIAL SERVICE 1272050 Community Counseling Service 461 Fifth Avenue NEW YORK NY 10017 Fundraising 278062 17 728280 273247 41691882 3067923 42693409 TUITION INCOME 611710 29463480 29463480 LUNCHROOM INCOME 611710 1216630 1216630 APPLICATION FEE INCOME 611710 45005 45005 30725115 1611026 1396306 0 0 42025 42025 0 42025 42025 27554134 18693853 8860281 8860281 8860281 347549 728280 347549 0 0 149497 42654 106843 106843 OTHER INCOME 900099 15767 15767 SETTLEMENT PROCEEDS 900099 25000 25000 40767 84079466 30725115 10446222 0 5211060 5211060 0 0 847760 234840 436790 176130 0 15296120 11922842 2564465 808813 1473775 980095 419695 73985 2142876 1260831 786868 95177 1238995 772810 407848 58337 0 68336 68336 76575 76575 0 363000 363000 214720 214720 247846 244326 3520 103575 103575 1317145 242781 858222 216142 72658 72658 0 693812 614914 39449 39449 35130 35130 0 158104 158104 1096700 899294 164505 32901 0 3536105 2899606 530416 106083 216513 216513 OTHER INSTRUCTIONAL EXPENSE 1080537 1080537 LUNCH ROOM EXPENSE 1382811 1382811 BUILDING AND MAINTENANCE 2374128 1946785 356119 71224 MISCELLANEOUS 31895 31895 39280176 29521864 7609976 2148336 463159 533773 3897862 11639944 1845203 25809691 740763 980897 500000 500000 0 0 0 0 0 0 393255 308003 108990671 37712256 60298519 71278415 117171205 111522115 16513807 14320388 0 0 0 0 1468432 1331146 203292205 238224372 3580542 3730667 0 0 4930970 4379245 22335000 21855000 0 0 0 0 0 0 0 0 459604 742516 31306116 30707428 X 165310806 177397242 3629215 27073634 3046068 3046068 171986089 207516944 203292205 238224372 X 44799290 -8966135 -302300 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52690457 6779136 6055000 53414593 43569540 10000 14764917 5654000 52690457 36723686 50000 11954854 5159000 43569540 35646401 40000 5552285 4515000 36723686 30742104 9098297 4194000 35646401 0.94300 0.05700 false false 1264097 1264097 83207343 29154538 54052805 10666727 8557718 2109009 13852504 13852504 71278415 OFFSHORE HEDGE FUNDS 14320388 F 14320388 0 POST RETIREMENT BENEFIT OLIBGATION 95000 AND ANNUITY INCOME GIFTS 164585 ACCRUED BOND INTEREST 181503 DUE TO BROKER 301428 742516 X 69730205 -8966135 42654 -8923481 78653686 214720 5211060 5425780 84079466 34199350 344954 344954 33854396 214720 5211060 5425780 39280176 SCHEDULE D PART V LINE 4 USE OF ENDOWMENT FUNDS: The School's Endowment Funds provide a predictable stream of funding to programs supported by its endowment, while seeking to maintain the purchasing power of the endowment. SCHEDULE D PART X LINE 2 Income Tax Uncertainties: 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 accouting and reporting for uncertainty in income taxes. because of the School's general tax exempt status, ASC Topic 740 has not had, and is not expected to have, a material impact on the School's financial statements. SCHEDULE D PART XI LINE 2D OTHER REVENUE INCLUDED IN FINANCIAL STMTS NOT INCLUDED ON FORM 990: BOOK STORE EXPENSE $ 42,654 SCHEDULE D PART XI LINE 4B AMOUNTS INCLUDED IN FORM 990 NOT INCLUDED IN FINANCIAL STATEMENTS: SCHOLARSHIP EXPENSE $ 5,211,060 SCHEDULE D PART XII LINE 2D OTHER EXPENSE INCLUDED IN FINANCIAL STMTS NOT INCLUDED IN FORM 990: BOOK STORE EXPENSE $ 42,654 LOSSES ON UNCOLLECTIBLE PLEDGES $ 302,300 SCHEDULE D PART XII LINE 4B EXPENSES INCLUDED ON FORM 990 NOT INCLUDED IN FINANCIAL STATEMENTS: SCHOLARSHIPS $ 5,211,060 true true true true true true true false false false false false false false false true false true SCHEDULE E PART I LINE 3 PUBLICATION OF NONDISCRIMINATORY POLICY THE SCHOOL MAKES ALL INTERESTED PARTIES AWARE OF ITS NONDISCRIMINATION POLICY THROUGH NEWSPAPER ADVERTISEMENT, BROCHURES AND OTHER MEDIA. SCHEDULE E PART 1 LINE 6A ASSISTANCE FROM GOVERNMENT THE SCHOOL RECEIVED FINANCIAL ASSISTANCE FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR MANDATED SERVICES. THE FINANCIAL ASSISTANCE AMOUNTED TO $237,204. Central America and the Caribbean Investments NONE 14320388 14320388 14320388 false false false false true false Schedule F, Part IV Foreign Investments: The School maintains investments in foreign partnerships. All related filings for these investments are completed appropriately and filed on a timely basis. X X X X X true COMMUNITY COUNSELING SERVICE CO LL 461 FIFTH AVENUE THIRD FLOOR NEW YORK NY 10017 CAP CAMP PLANNING false 363000 363000 NY benefit dinner 1075829 728280 347549 98490 178350 70709 0 1075829 728280 347549 98490 178350 70709 347549 true STUDENT SCHOLARSHIPS 159 5211060 FMV Tuition reduction Schedule I Part line 2 THE CHAPIN SCHOOL SUPPORTS ECONOMIC DIVERSITY THROUGH A FINANCIAL AID PROGRAM, AVAILABLE TO STUDENTS AT ALL GRADE LEVELS. THE PROGRAM, BASED SOLELY ON NEED, IS AVAILABLE TO ACADEMICALLY QUALIFIED STUDENTS. THE CHAPIN SCHOOL BELIEVES THAT THE PRIMARY FINANCIAL RESPONSIBILITY FOR A CHILD'S EDUCATION RESTS WITH THE PARENTS, TO THE FULL EXTENT THAT THEY ARE ABLE. THE GOAL OF THE FINANCIAL AID PROGRAM IS TO OFFSET THE DIFFERENCE BETWEEN THE COST OF ATTENDANCE AND A FAMILY'S AVAILABLE FINANCIAL RESOURCES. ADMISSIONS DECISIONS ARE MADE WITHOUT REGARD TO FINANCIAL NEED. LIKE MOST INDEPENDENT SCHOOLS, CHAPIN USES THE STANDARDIZED CALCULATION DERIVED BY THE SCHOOL AND STUDENT SERVICE ("SSS") FOR FINANCIAL AID, A DIVISION OF NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, TO CALCULATE A FAMILY'S CONTRIBUTION TO THE COST OF A CHAPIN EDUCATION. THIS SYSTEM CONSIDERS GROSS TAXABLE AND NON-TAXABLE INCOME, ASSETS, LIABILITIES, FAMILY SIZE AND THE NUMBER OF STUDENTS IN TUITION-CHARGING SCHOOLS OR COLLEGES. AFTER AN ALLOWANCE FOR BASIC NECESSITIES AND REQUIRED TAXES, THE REMAINING FUNDS ARE CONSIDERED AVAILABLE FOR EDUCATION ON A SLIDING SCALE. EVERY FAMILY APPLYING FOR FINANCIAL AID BEGINS BY COMPLETING THE PARENTS' FINANCIAL STATEMENT (PFS). THE DATA IN THIS APPLICATION IS ANALYZED BY SSS AND A RECOMMENDATION OF FAMILY CONTRIBUTION IS REPORTED TO CHAPIN AND TO THE FAMILY. THE CHAPIN SCHOOL WILL REVIEW, RE-ANALYZE AND, IF NECESSARY, RE-COMPUTE THIS RECOMMENDATION IN ACCORDANCE WITH SCHOOL POLICIES, GEOGRAPHICAL LOCATION, COST-OF-LIVING DIFFERENCES, AND OTHER FACTORS TO DETERMINE THE AWARDS. X true true X X X X false true false false false false false false false Patricia Hayot Head of School 587100 0 0 0 2904 0 29355 0 11261 0 630620 0 0 0 Jay Matthews Director of Finance 260660 0 0 0 0 0 29976 0 11261 0 301897 0 0 0 Mary Jo Quigley Assistant Head of School 212770 0 0 0 0 0 24057 0 11261 0 248088 0 0 0 Mary Rafferty Division Head 184970 0 0 0 0 0 20404 0 11261 0 216635 0 0 0 IIana Pergam Director of Studies 175730 0 0 0 0 0 19258 0 11261 0 206249 0 0 0 Thomas Palermo Director of Facilities 185420 0 0 0 0 0 20514 0 11261 0 217195 0 0 0 Michael Maloy Head of Upper School 174335 0 0 0 0 0 19029 0 11261 0 204625 0 0 0 Part I COMPENSATION: THE COMPENSATION COMMITTEE OF THE TRUSTEES DETERMINES THE ANNUAL INCREASE FOR THE HEAD OF THE SCHOOL and other officers, directors, and key employees. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR OTHER EMPLOYEES. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA. A NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438BT4 2006-12-22 7625000 CIVIC FACILITY REVENUE BONDS false false false B NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438BUI 2006-12-22 32375000 CIVIC FACILITY REVENUE BONDS false false false A 5760000 0 0 7625000 0 0 0 0 0 7625000 0 0 2009 false false true true B 12385000 0 0 32375000 0 0 0 0 0 32375000 0 0 2009 false false true true A false false false false 0.00000 0.00000 0.00000 false false false true B false false false false 0 false false false true A true false false 0 false 0 false true B true false false 0 false 0 false true A true B true PATRICIA HAYOTT HOUSING MORTGAGE X 500000 500000 false true true 500000 X 61 3067923 FMV false true false FORM 8868 FORM 8868: APPLICATION FOR EXTENSION OF TIME TO FILE FOR AN EXEMPT ORGANIZATION WAS ELECTRONICALLY FILED. FORM 990 PART VI SECTION B LINE 11A REVIEW OF FORM 990: The audit committee of the board has a meeting with the Director of Finance to review the form 990 and its required attachments and schedules. During this meeting a thorough review of all financial and narrative information is undertaken to make sure all reports and schedules reflect the actual operating results of the school for the most recently completed fiscal year. A final draft copy of the form 990 is provided to the full board prior to its filing. After review, the Director of Finance files the completed return with the internal revenue service. FORM 990 PART VI SECTION B LINE 12C CONFLICT OF INTEREST POLICY: TRUSTEES AND PROFESSIONAL STAFF ARE REQUIRED TO ATTEST ANNUALLY TO THEIR FAMILIARITY WITH THE SCHOOL'S POLICIES AND PROVIDE INFORMATION CONCERNING ANY POSSIBLE CONFLICT OF INTEREST. FORM 990 PART VI SECTION B LINE 15A AND 15B COMPENSATION: THE COMPENSATION COMMITTEE OF THE TRUSTEES DETERMINES THE ANNUAL INCREASE FOR THE HEAD OF THE SCHOOL and other officers, directors, and key employees. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR OTHER EMPLOYEES. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA. FORM 990 PART VI SECTION C LINE 18 AND 19 PUBLIC INSPECTION: THE SCHOOL MAKES ITS FORM 990, CHAR500, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST, OR THOSE SAME FORMS MAY BE OBTAINED THROUGH WWW.CHARITIESNY.COM AND WWW.GUIDESTAR.ORG. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE DISTRIBUTED INTERNALLY AND ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990 PART XI LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: $-302,300 REPRESENTS LOSSES ON UNCOLLECTIBLE PLEDGES.