2013-05-07T10:31:24-05:00 2012-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2011-07-01 131635257 The Chapin School Ltd % JAY MATTHEWS DIR OF FINANCE CHAP 2124724690 100 EAST END AVENUE NEW YORK NY 10028 Jay Mathews 2013-05-06 true JULIE FLOCH 2129498700 2011 2016-02-25 16:41:14Z PATRICIA HAYOT HEAD OF SCHOOL 100 EAST END AVENUE NEW YORK NY 10028 46728083 false X WWW.CHAPIN.EDU X 1929 NY The Chapin School is an independent day school for young women in grades K through 12. Chapin is committed to preparing women to thrive and lead through academic excellence, integrity and responsibility. 23 23 248 150 0 7552898 6496261 25202960 26741618 13144125 5401364 256967 150320 46156950 38789563 3971094 4368094 0 0 16792955 17905227 18000 23000 1522377 13297408 13866011 34079457 36162332 12077493 2627231 195738976 195472348 46948414 46484868 148790562 148987480 X 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 20266653 4368094 26741618 THE SCHOOL MEETS THE EDUCATIONAL NEED OF APPROXIMATELY 726 STUDENTS FROM KINDERGARTEN THROUGH 12TH GRADE, WITH AN INSTRUCTIONAL STAFF OF 120 AND ADDITIONAL SUPPORT OF 67 EMPLOYEES. GRANTS ARE GIVEN BY THE SCHOOL IN THE FORM OF FINANCIAL AID TO ELIGIBLE STUDENTS. DURING THE SCHOOL YEAR ENDED JUNE 30, 2012, 145 ELIGIBLE STUDENTS WERE AWARDED SUCH SCHOLARSHIPS. 20266653 true true false false false false false false false true true true false false true true true false true false true false false true false 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 false true 54 0 248 true false false false false false false false false false false X 23 23 false false false false false false false true true false false true true true true true true true true false NY X JAY MATTHEWS DIR OF FINANCE 2124724690 100 EAST END AVENUE NEW YORK NY 10028 X LINDEN HAVEMEYER WISE 15.0 X X 0 0 0 LINDA B BRANDI 5.0 X X 0 0 0 JOSEPH L RICE 5.0 X X 0 0 0 TANYA RYK FRIEDMAN 5.0 X X 0 0 0 ROBERT BAYNARD 8.0 X 0 0 0 JESSIE M BELLER 2.0 X 0 0 0 LEEANN BLACK 5.0 X 0 0 0 SCOTT L BOK 2.0 X 0 0 0 SHELLEY SPORLEDER CARR 2.0 X 0 0 0 SASKIA EVANS 5.0 X 0 0 0 LISA HESS 2.0 X 0 0 0 LEA PAINE HIGHET 5.0 X 0 0 0 SANDRA J HORBACH 2.0 X 0 0 0 MONA ABOELNAGA KANAAN 2.0 X 0 0 0 JAMES MARTIN 5.0 X 0 0 0 FRANK R MORI 2.0 X 0 0 0 NP NARVEKAR 2.0 X 0 0 0 JOANNE PRAGER 2.0 X 0 0 0 LINDA GOSDEN ROBINSON 2.0 X 0 0 0 STUART ROTHENBERG 5.0 X 0 0 0 ROBERT F X SILLERMAN 2.0 X 0 0 0 JERRY THOMAS III 5.0 X ROSEMARY H YEOH 2.0 X 0 0 0 PATRICIA HAYOT 50.0 X 383508 0 130448 JAY MATHEWS 50.0 X 233440 0 34899 MARY JO QUIGLEY 40.0 X 193764 0 29435 MARY RAFFERTY 40.0 X 162357 0 25766 SARA ADLER 40.0 X 160476 0 25482 THOMAS PALERMO 40.0 X 159306 0 26224 ILANA PERGAM 40.0 X 159631 0 25048 JONATHAN MAMELOK 40.0 X 150573 0 24612 DIANE SPILLIOS 40.0 X 147697 0 24222 THERESE CRUITE 40.0 X 105587 0 19059 MICHELLE CAYWOOD 40.0 X 129330 0 21044 BARBARA LUTZ 40.0 X 127075 0 21935 EUGENE GARDINO 40.0 X 126714 0 21379 BRENDA PHILIP 40.0 X 123266 0 20541 LYNNE SCHALMAN 40.0 X 120781 0 20279 2483505 0 470373 33 false true false MJB CONSTRUCTION INC 156 BLOOMFIELD AVE VERONA NJ 07044 BUILDING MAINTENANCE 325447 FRED BRENOWITZ 309 VISTA DRIVE JERICHO NY 11753 BUILDING MAINTENANCE 279233 JOHN BRISTOL CO 48 WALL STREET NEW YORK NY 10005 INVESTMENT MANAGEMEN 215332 JOHNSON CONTROLS INC PO BOX 905240 CHARLOTTE NC 28290 BUILDING MAINTENANCE 188405 ACTION GRAPHICS INC 600 RYERSON ROAD LINCLON PARK NJ 07035 PRINTING SERVICE 167650 6 106275 6389986 1269460 6496261 TUITION INCOME 611710 25431850 25431850 LUNCHROOM INCOME 611710 1089690 1089690 SCHOOL BUS FEE INCOME 611710 144610 144610 APPLICATION FEE INCOME 611710 39704 39704 OTHER STUDENT SERVICES 611710 35764 35764 26741618 2243918 2243918 0 0 12025 12025 12025 12025 11036747 7879301 3157446 3157446 3157446 0 0 137600 59219 78381 78381 OTHER INCOME 900099 34914 34914 ARBITRATION SETTLEMENT 900099 25000 25000 59914 38789563 26741618 5551684 0 4368094 4368094 0 0 2615802 1210317 1093537 311948 0 11372438 9024453 1728770 619215 1258941 831089 358214 69638 1523282 861151 589974 72157 1134764 695328 381174 58262 0 60448 60448 77710 77710 0 23000 23000 753645 753645 484729 484729 97077 97077 1184972 204581 748231 232160 183508 183508 0 601456 523616 38920 38920 416796 293431 123365 0 98297 98297 1903310 1903310 0 3810738 3810738 148760 148760 OTHER INSTRUCTIONAL EXPENSE 885674 885674 LUNCH ROOM EXPENSE 1151380 1151380 BUILDING AND MAINTENANCE 1891228 1891228 MISCELLANEOUS 82252 82252 34031 34031 36162332 20266653 14373302 1522377 825479 681483 3512015 4447711 15352941 12231184 383772 435456 500000 500000 0 0 0 0 0 0 409721 276752 90613408 29122452 64015619 61490956 95812725 99653352 13363369 14267226 0 0 0 0 1563335 1488228 195738976 195472348 3203992 3533063 0 0 4051261 4294725 38750000 38080000 0 0 0 0 0 0 0 0 943161 577080 46948414 46484868 X 128658388 132629304 17186106 13372108 2946068 2986068 148790562 148987480 195738976 195472348 X 2627231 -2430313 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35646401 40000 5552285 4515000 36723686 30742104 9098297 4194000 35646401 31076062 40000 3690042 4064000 30742104 43644304 40000 -8436384 4171858 31076062 0.91870 0.08130 false false 1264097 1264097 79638440 21624839 58013601 9710871 7497613 2213258 61490956 OFFSHORE HEDGE FUNDS 14267226 F 14267226 0 POST RETIREMENT BENEFIT OLIBGATION 95000 AND ANNUITY INCOME GIFTS 166648 ACCRUED BOND INTEREST 315432 577080 38789563 36162332 2627231 -2430313 -2430313 196918 31296730 -2430313 59219 -2371094 33667824 753645 4368094 5121739 38789563 31099812 59219 59219 31040593 753645 4368094 5121739 36162332 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 740-10-05, RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE SCHOOL'S GENERAL-TAX EXEMPT STATUS, ASC 740-10-05 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. SCHEDULE D PART XII LINE 2D OTHER REVENUE INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED ON FORM 990 BOOK STORE EXPENSE $ 59,219 SCHEDULE D PART XII LINE 4B AMOUNTS INCLUDED IN FORM 990 NOT INCLUDED IN FINANCIAL STATEMENTS SCHOLARSHIP EXPENSE $ 4,368,094 SCHEDULE D PART XIII LINE 2D OTHER EXPENSE INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED IN FORM 990 BOOK STORE EXPENSE $ 59,219 SCHEDULE D PART XIII LINE 4B EXPENSES INCLUDED ON FORM 990 NOT INCLUDED IN FINANCIAL STATEMENTS SCHOLARSHIPS $ 4,368,094 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 $106,275. Central America and the Caribbean Investments NONE 14267226 14267226 14267226 false false false false false false X X X X X true Prospect Research Research 80 EIGHTH AVENUE SUITE 1010 NEW YORK NY 10011 CAP CAMP RESEARCH false 0 23000 0 0 23000 0 NY true STUDENT SCHOLARSHIPS 145 4368094 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 NECESSETIES 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 383508 0 0 0 0 0 87500 0 42948 0 513956 0 82500 0 JAY MATHEWS 233440 0 0 0 0 0 0 0 34899 0 268339 0 0 0 MARY JO QUIGLEY 193764 0 0 0 0 0 0 0 29435 0 223199 0 0 0 MARY RAFFERTY 162357 0 0 0 0 0 0 0 25766 0 188123 0 0 0 SARA ADLER 160476 0 0 0 0 0 0 0 25482 0 185958 0 0 0 THOMAS PALERMO 159306 0 0 0 0 0 0 0 26244 0 185550 0 0 0 ILANA PERGAM 159631 0 0 0 0 0 0 0 25048 0 184679 0 0 0 JONATHAN MAMELOK 150573 0 0 0 0 0 0 0 24612 0 175185 0 0 0 DIANE SPILLIOS 147697 0 0 0 0 0 0 0 24222 0 171919 0 0 0 MICHELLE CAYWOOD 129330 0 0 0 0 0 0 0 21044 0 150374 0 0 0 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438BT4 2006-12-22 7625000 CIVIC FACILITY REVENUE BONDS false false false NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438BUI 2006-12-22 32375000 CIVIC FACILITY REVENUE BONDS false false false 0 0 7625000 0 0 0 0 0 0 7625000 0 0 2009 false false true true 0 0 32375000 0 0 0 0 0 0 32375000 0 0 2019 false false true true false false false false 0.00000 0.00000 0.00000 true false false false false 0.00000 0.00000 0.00000 true false false false 0 false false false 0 false false false false false 0 false false false 0 false false PATRICIA HAYOTT HOUSING MORTGAGE X 500000 500000 false true true 500000 X 66 1269460 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. After this review, the Directors of Finance and the head of the audit committee provides a summary presentation to the executive committee of the board. 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. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR OTHER EMPLOYEES. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS AND IN THE AREA. FORM 990 PART VI SECTION C LINE 18 AND 19 PUBLIC INSPECTION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990 Part 12 Reconciliation of Net Assets Line 5 Other changes in net assets or fund balances UNREALIZED GAINS $ (2,430,313)