2015-04-10T10:36:03-05:00 2014-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2013-07-01 131740472 MASTERS SCHOOL MAST 9144796400 49 CLINTON AVENUE DOBBS FERRY NY 10522 MAUREEN FONSECA HEAD OF SCHOOL 9144796400 2015-04-10 1 ROBERT R LYONS CPA P00227472 2125038800 2013 2016-02-25 16:41:14Z MAUREEN FONSECA 49 CLINTON AVENUE DOBBS FERRY NY 10522 41837285 0 X WWW.MASTERSNY.ORG X 1877 NY THE MISSION OF THE MASTERS SCHOOL IS TO PROVIDE THE CHALLENGING ACADEMIC ENVIRONMENT THAT, FOR OVER A CENTURY, HAS ENCOURAGED CRITICAL, CREATIVE AND INDEPENDENT HABITS OF THOUGHT AS WELL AS A LIFELONG PASSION FOR LEARNING. THE MASTERS SCHOOL PROMOTES AND CELEBRATES ACADEMIC ACHIEVEMENT, ARTISTIC DEVELOPMENTS, ETHICAL AWARENESS, TECHNOLOGICAL LITERACY, ATHLETIC ENDEAVOR AND PERSONAL GROWTH. THE SCHOOL STRIVES TO MAINTAIN A DIVERSE COMMUNITY THAT ENCOURAGES STUDENTS TO PARTICIPATE ACTIVELY IN DECISIONS AFFECTING THEIR LIVES AND TO DEVELOP AN APPRECIATION OF THEIR RESPONSIBILITIES IN THE LARGER WORLD. 23 22 298 240 0 0 5150455 4783730 26403391 29272028 405753 1046939 0 0 31959599 35102697 4753861 5040906 0 0 14600564 15940476 0 0 998284 8954200 10357046 28308625 31338428 3650974 3764269 103677816 111612367 37705449 39259016 65972367 72353351 X THE MISSION OF THE MASTERS SCHOOL IS TO PROVIDE THE CHALLENGING ACADEMIC ENVIRONMENT THAT, FOR OVER A CENTURY, HAS ENCOURAGED CRITICAL, CREATIVE AND INDEPENDENT HABITS OF THOUGHT AS WELL AS A LIFE-LONG PASSION FOR LEARNING. THE MASTERS SCHOOL PROMOTES AND CELEBRATES ACADEMIC ACHIEVEMENT, ARTISTIC DEVELOPMENTS, ETHICAL AWARENESS, TECHNOLOGICAL LITERACY, ATHLETIC ENDEAVOR AND PERSONAL GROWTH. THE SCHOOL STRIVES TO MAINTAIN A DIVERSE COMMUNITY THAT ENCOURAGES STUDENTS TO PARTICIPATE ACTIVELY IN DECISIONS AFFECTING THEIR LIVES AND TO DEVELOP AN APPRECIATION OF THEIR RESPONSIBILITIES IN THE LARGER WORLD. 0 0 20956602 5040906 29272028 EDUCATIONAL PROGRAMS FOR GRADES 5 THROUGH 12: THE MASTERS SCHOOL PROVIDES A CHALLENGING ACADEMIC ENVIRONMENT THAT ENCOURAGES CRITICAL, CREATIVE, AND INDEPENDENT HABITS OF THOUGHT AND A LIFELONG PASSION FOR LEARNING. THE MASTERS SCHOOL PROMOTES AND CELEBRATES ACADEMIC ACHIEVEMENT, ARTISTIC DEVELOPMENT, ETHICAL ACTION, ATHLETIC ENDEAVOR, AND PERSONAL GROWTH. THE SCHOOL MAINTAINS A DIVERSE COMMUNITY THAT ENCOURAGES STUDENTS TO PARTICIPATE ACTIVELY IN DECISIONS AFFECTING THEIR LIVES AND TO DEVELOP AN APPRECIATION OF THEIR RESPONSIBILITIES TO THE LARGER WORLD. IN JULY 2000, MAUREEN FONSECA BECAME THE HEAD OF SCHOOL. GUIDED BY AN AMBITIOUS STRATEGIC PLAN, THE MASTERS SCHOOL HAS EXPERIENCED MEASURED GROWTH AND DRAMATIC SUCCESSES. THE SCHOOL'S LARGEST ENROLLMENT, 590 TALENTED AND DIVERSE STUDENTS, WAS REACHED IN 2010. THE CAMPUS HAS EXPANDED TO INCLUDE MORRIS HALL, A STATE-OF-THE-ART SCIENCE AND TECHNOLOGY CENTER, A SEPARATE MIDDLE SCHOOL BUILDING, EIGHTEEN NEW FACULTY APARTMENTS, A DIGITAL LANGUAGE LABORATORY, AND THE ACADEMIC AREAS OF MASTERS HALL HAVE BEEN COMPLETELY REFURBISHED. 20956602 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 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 99 0 298 1 0 0 0 0 0 1 1 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LEW WYMAN 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 FRANK COOPER III TRUSTEE (FORMER) 1.00 X 0 0 0 MAUREEN FONSECA HEAD OF SCHOOL 40.00 X X 354990 0 67124 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 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 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 JOHN DIMLING TRUSTEE (FORMER) 1.00 X 0 0 0 SUSAN CREMIN TRUSTEE (FORMER) 1.00 X 0 0 0 MARILYN O DIMLING TRUSTEE (FORMER) 1.00 X 0 0 0 JOHN R PECKMAN TRUSTEE (FORMER) 1.00 X 0 0 0 NANCY SEAMAN TRUSTEE (FORMER) 1.00 X 0 0 0 SUZY WELCH TRUSTEE (FORMER) 1.00 X 0 0 0 ROBERT ROONEY DIR OF BUS AND FIN (FORMER) 40.00 X 84883 0 14208 CHRISTINE SCHWEGEL DIR OF BUS AND FIN (FORMER) 40.00 X 87825 0 11001 TIMOTHY KANE ASSOCIATE DIRECTOR OF INSTITUTIONAL ADVANCEMENT 40.00 X 198666 0 33947 SOPHIA PRIMPS DIRECTOR OF CAPITAL GIFTS 40.00 X 143708 0 30351 ANDREA BOTERO ASSOCIATE HEAD FOR FACULTY AFFAIRS 40.00 X 126863 0 13468 DANIEL PEREIRA DIRECTOR OF TECHNOLOGY 40.00 X 119505 0 22335 KEVIN VERSEN DIRECTOR OF ATHLETICS 40.00 X 105865 0 24354 EVERETT WILSON HEAD OF MIDDLE SCHOOL 40.00 X 102481 0 11499 1324786 0 228287 7 0 1 0 SHAWMUT DESIGN AND CONSTRUCTION 3 EAST 54TH STREET NEW YORK NY 10022 GENERAL CONSTRUCTION 5844874 ARAMARK CORPORATION 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICES 1913324 PETER GISOLFI ASSOCIATES 566 WARBURTON AVENUE HASTINGS ON HUDSON NY 10706 ARCHITECT AND DESIGN 720684 JJDK CONTRACTING 18 NICHOLAS WAY MAHOPAC NY 10541 GENERAL CONSTRUCTION 292521 GLOBAL TRANSPORATION INC 59 PORTLAND PLACE 1E YONKERS NY 10703 TRANSPORTATION SERVICES 272985 5 127576 4656154 417637 4783730 TUITION AND FEES 611110 27945496 27945496 AUXILIARY ACTIVITY 900099 832094 832094 OTHER SERVICES 900099 494438 494438 29272028 490478 490478 7216921 6660460 556461 556461 556461 74128 127576 74128 0 35102697 29272028 0 1046939 5040906 5040906 1035112 596039 439073 11698102 7993334 3486598 218170 943935 648818 284408 10709 1398144 900373 461371 36400 865183 542641 282488 40054 63000 63000 152331 152331 285146 285146 81528 81528 148738 66514 82224 104106 104106 1475586 1475586 326469 150489 175980 123367 59411 63956 875376 875376 1690782 1690782 271338 271338 FOOD PROGRAMS 1114285 1114285 INSTRUCTION 796892 764929 31963 BUILDING EXPENSES 649752 649752 FUND RAISING/ALUMNAE 401345 210897 18380 172068 1797005 626509 1088686 81810 31338428 20956602 9383542 998284 24708543 22656741 5773230 5857226 5789859 4445340 192134 197855 31291 51500 937659 808443 67366056 24223836 36392300 43142220 29330047 33631810 522753 821232 103677816 111612367 1904298 1595361 3723624 5805726 32000000 31780000 77527 77929 37705449 39259016 X 31886575 33389794 16089242 20927995 17996550 18035562 65972367 72353351 103677816 111612367 X 3764269 2767363 -150648 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26508609 3328607 3619694 598566 32858344 23751304 945212 2330314 518221 26508609 26913827 83864 -218554 3027833 23751304 23169867 277614 3466346 26913827 20817090 242628 2139510 29361 23169867 0.34220 0.54890 0.10890 0 0 3354306 3354306 46822365 15201556 31620809 8056825 6356194 1700631 9132560 2666086 6466474 43142220 DISCOUNT ON FUTURE INTEREST OF SPLIT-INTEREST AGREEMENTS 65336 CHARITABLE GIFT ANNUITIES PAYABLE 12593 77929 X 37717729 2767363 2767363 34950366 152331 152331 35102697 31336745 150648 150648 31186097 152331 152331 31338428 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, 2014 AND 2013, IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY UNCERTAIN TAX POSITIONS. THE SCHOOL IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEAR ENDED JUNE 30, 2011 AND PRIOR YEARS. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE ACCOUNTS 150,648. 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 $203,331 FROM THE STATE OF NEW YORK. GALA 201704 127576 74128 74128 201704 127576 74128 74128 74128 0 1 SCHOLARSHIPS 176 5040906 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 354990 0 0 0 0 0 35499 0 31625 0 422114 0 0 0 TIMOTHY KANE ASSOCIATE DIRECTOR OF INSTITUTIONAL 198666 0 0 0 0 0 19867 0 14080 0 232613 0 0 0 SOPHIA PRIMPS DIRECTOR OF CAPITAL GIFTS 143708 0 0 0 0 0 14371 0 15980 0 174059 0 0 0 A DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 2013-06-19 32000000 PURCHASE AND CONSTRUCTION OF BUILDINGS 0 0 0 A 32000000 10894059 593854 6409854 14102233 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 X 39 417637 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 HEAD'S COUNCIL AND MANAGEMENT OF THE MASTERS SCHOOL. A CONFLICT OF INTEREST OR POTENTIAL CONFLICT WILL BE DISCLOSED ANNUALLY. THE BOARD REQUIRES ANNUAL REVIEW OF THE POLICY, DISCLOSURE OF ANY POSSIBLE PERSONAL, FAMILY OR BUSINESS RELATIONSHIP THAT COULD GIVE RISE TO A CONFLICT INVOLVING THE SCHOOL AND THEY MUST ACKNOWLEDGE THIS BY A SIGNATURE. 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 MATTER 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 -150,648. PART XI, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR.