2013-02-13T13:58:28-07:00 2012-06-30 160765486 Lumsden & McCormick LLP 369 Franklin Street Buffalo NY 14202 990 2011-07-01 160755808 Nichols School of Buffalo NICH 7163326300 1250 Amherst Street Buffalo NY 14216 Richard Bryan 7163326300 2013-02-15 1 James Dunn P00029032 7168563300 2013-02-01 2011 2016-03-07 17:11:31Z Richard C Bryan 1250 Amherst Street Buffalo NY 14216 17366716 0 X www.nicholsschool.org X 1892 NY Private co-ed secondary school serving grades 5-12 with a 2011-12 enrollment of 580 students. 24 24 234 150 0 0 2349491 1783962 10784376 11581087 2067908 615157 569158 513497 15770933 14493703 1966479 2081109 0 0 8241062 8195683 0 0 619074 3615054 4391681 13822595 14668473 1948338 -174770 65411992 64352187 8793537 9221052 56618455 55131135 Our aim is to train minds, bodies and hearts for the work of life and to carry into all we do the highest ideals of character and service. 0 0 5636211 11007592 Education/Faculty - Nichols School's excellence begins with its faculty. We spend the majority of the School's resources to ensure we recruit, hire and retain the highest qualified faculty. We also believe in on-going training for our faculty by investing in a wide variety of continuing education programs. This enhances their teaching abilities and renews their commitment to their field. This established the School as a leader in quality education which attracts the best and brightest students not only in the WNY area, but from around the world. We have several international students and exchange programs. 2081109 0 Financial Aid - Nichols School provides financial aid to 30% of its students. This ensures diversity within the student body and provides the opportunity of a private school education to those who otherwise may not be able to afford it. Through the strategic planning process and the funds available through our endowment, we have been able to sustain our enrollment while maintaining our goal for the percentage of financial aid dollars available and the percentage of students receiving those dollars. This process is critical to maintaining a diverse student population into the future. 613537 0 Facilities - The campus consists of six separate buildings linked by tree lined sidewalks on 30 acres of city property. This includes a performing arts center and an ice rink. In January 2010, we opened a new 24,000 square foot state of the art sustainable math and science building. In 2011, the Upper School arts space was expanded and relocated to areas with increased natural lighting. Student space was also expanded. By providing well maintained and varied academic, arts and athletic facilities, it demonstrates the support and commitment to the faculty, coaches and students. 1560956 923448 Other program services include student services, athletics and academic expenses as detailed on Form 990, Part IX. 1560956 0 923448 9891813 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 45 0 1 234 1 0 0 0 0 0 1 1 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X Daniel Dolan 7163326300 1250 Amherst Street Buffalo NY 14216 Kristan Andersen 2 X 0 0 0 Charles Balbach 2 X 0 0 0 David Brason 2 X 0 0 0 Lise Buyer 2 X 0 0 0 Ramey Griffin Caulkins 2 X 0 0 0 Tom Donahoe 2 X X 0 0 0 James Ennis 2 X X 0 0 0 John Farmelo 2 X 0 0 0 Annette Holzman Fitch 2 X 0 0 0 Garth Gibson 2 X 0 0 0 Jane Cox Hettrick 2 X X 0 0 0 Jeremy Jacobs 2 X 0 0 0 Edwin Johnston III 2 X X 0 0 0 Jennifer McNamara 2 X 0 0 0 Jeffrey Meyer 2 X 0 0 0 Donald Miller 2 X 0 0 0 Larry Montani 2 X X 0 0 0 Alexandra Montante 2 X 0 0 0 James Newman 2 X 0 0 0 David Pfalzgraf 2 X 0 0 0 Hugh Russ III 2 X 0 0 0 Michael Walsh 2 X 0 0 0 Jon Williams 2 X 0 0 0 Sasha Yerkovich 2 X 0 0 0 Richard Bryan 50 X 250340 0 20235 Daniel Dolan 50 X 97150 0 41390 347490 0 61625 1 0 1 0 Kirst Construction Inc 7170 Boston State Rd Boston NY 14110 Construction 341102 Sage Dining Services Inc 1402 York Rd Suite 100 Lutherville MD 21093 Food Services 314105 Murray Roofing Co Inc 600 Cayuga Creek Rd Cheektowaga NY 14227 Roofing Services 275100 3 0 0 23725 0 0 1760237 456819 1783962 Tuition Fees 900099 11007592 11007592 0 0 Fees from Government Agencies 900099 260407 260407 0 0 Services Charges/Student Insurance 900099 128907 128907 0 0 Student Services & Publications 611710 119636 119636 0 0 Summer Programs 900099 63670 63670 0 0 875 875 0 0 11581087 738667 0 0 738667 0 0 0 0 0 0 0 0 620607 0 391725 0 228882 0 228882 228882 0 0 2034304 0 2031144 126670 3160 -126670 -123510 0 0 -123510 240893 23725 79310 161583 0 161583 296133 244164 51969 51969 0 0 Food Services 900099 44220 44220 0 0 26843 24882 0 1961 71063 14493703 11931040 0 778701 0 2081109 2081109 402165 402165 6319550 4641701 1314625 363224 272481 201797 54893 15791 689620 437450 221976 30194 511867 355263 128804 27800 12503 12503 26990 26990 56553 56553 2409 2409 63361 63361 295976 105723 185706 4547 175720 175720 943902 613537 283170 47195 142498 135212 7286 250804 219205 26601 4998 130880 320 130560 1075553 1075553 70780 45476 25304 Student Services 681282 681282 0 Professional Fees and Dues 139127 0 139127 Athletics 130440 130440 0 Development & Publications 119897 0 0 119897 73006 67578 0 5428 14668473 9891813 4157586 619074 5768158 6621989 5086667 3070838 32706 58977 15590 89484 88716 259077 288283 35637808 11049785 24909230 24588023 16739116 18223955 8970724 7951333 3541240 3460073 65411992 64352187 1156253 1390643 3930521 4421472 3285416 2947642 421347 461295 8793537 9221052 X 30046166 29703698 7524021 5905815 19048268 19521622 56618455 55131135 65411992 64352187 X -174770 -1312550 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 105072 0 0 X X 0 25709840 670978 -491587 565859 454596 107390 24761386 19899400 3266994 3575000 542990 381679 106885 25709840 17756990 782423 2355468 520503 369732 105246 19899400 20027139 1443727 -2561593 587300 432550 132433 17756990 0.22 0.71 0.07 0 0 0 3018697 3018697 0 28713024 8248553 20464471 0 0 0 0 0 3657323 2690224 967099 0 248764 111008 137756 24588023 Money Market Funds 2090928 F Pooled Investment Funds 5860405 F 7951333 Cash Surrender Value of Donated Life Insurance 25904 Receivable from Charitable Remainder Trust 3434169 3460073 Accrued Post Retirement Obligation 425700 Agency Funds 35595 461295 14493703 14668473 -174770 -1284321 0 0 0 -28229 -1312550 -1487320 11758690 -1284321 0 0 -2165891 -3450212 15208902 0 -715199 -715199 14493703 13246010 0 0 0 715199 715199 12530811 56553 2081109 2137662 14668473 SchD_P03_S00_L04 Schedule D, Part III, Line 4 Art work is displayed throughout the School to enhance the arts as part of the overall school curriculum. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowment funds are used mainly to provide financial aid to students and support programs of the school, or as stipulated by donors. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in value of charitable remainder trust: -28,229 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Change in value of charitable remainder trust: -28,229; Financial Aid: -2,081,109; Investment management fees: -56,553 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Campus store cost of goods sold: -244,164; Fundraising expenses: -79,310; Rental expenses: -391,725 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Campus store cost of goods sold: 244,164; Fundraising expenses: 79,310; Rental expenses: 391,725 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Financial aid: 2,081,109 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Our policy is included in all print ads and materials, including all admission brochures and materials. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The School received NYS Mandated Services Funds and Title Funds administered through the Buffalo Public Schools. The funds are subject to various compliance and financial audits by the funding source. Dinner/Auction 226761 23725 203036 0 0 0 22646 0 44240 Dinner/Auction 32698 0 32698 0 0 0 0 0 9475 1 5159 0 5159 0 0 0 0 0 2949 264618 23725 240893 0 0 0 22646 0 56664 79310 161583 1 Financial Aid for Students 212 2081109 Cost of Tuition SchI_P01_S00_L02 Schedule I, Part I, Line 2 The distribution of financial aid is monitored by the Financial Aid Committee, comprised of several individuals including the Headmaster, CFO, Director of Financial Aid and Director of Admissions. All families that are applying for financial aid must complete an application in the FAST financial aid system. The Committee reviews all FAST forms and grants awards based upon need and availability of funds. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Richard Bryan 209950 0 18650 0 21740 0 12790 0 7445 0 270575 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The Headmaster is provided with a housing allowance that is included as part of his compensation. This allowance is provided as it is expected that he entertain various individuals (ie-Board members/donors) in his home as part of his duties as Headmaster. X 22 456819 FMV 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b It is the School's policy to sell all stock gifts when received. The stocks are sold through an unrelated broker. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Headmaster, CFO and Controller are responsible for the review and approval of Form 990. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Board of Trustees sign a written conflict of interest policy annually. Key employees also sign a conflict of interest policy. For all other employees, there is a conflict of interest policy in the employee handbook. The employee handbook is maintained on the School's computer network, which is accessible by all employees. If a conflict arises with a board member, the board member would abstain from voting on that issue. If a conflict arises with an employee, the agreement would be reviewed by an independent officer or key staff member. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Salaries of top management of the School are validated by external sources and approved by the appropriate committee of the Board annually. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The stated documents are available to the public upon request and may be reviewed at the School. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized loss on investments: -1,284,321; Change in value of charitable remainder trusts: -28,229