2013-05-10T16:21:28-05:00 2012-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2011-07-01 131623878 ALLEN-STEVENSON SCHOOL ALLE 2122886710 132 EAST 78TH STREET NEW YORK NY 10075 DAVID R TROWER 2122886710 2013-05-08 1 FREDERICK H ROTHMAN P01275277 2128674000 2011 2016-02-24 21:20:13Z DAVID R TROWER 132 EAST 78TH STREET NEW YORK NY 10075 25821263 0 X WWW.ALLEN-STEVENSON.ORG X 1904 NY TO PROVIDE CONTINUOUS EDUCATION FOR BOYS FROM KINDERGARTEN THROUGH 9TH GRADE. 25 24 222 24 0 0 7040932 4293894 16615266 17449768 465182 573448 315774 479442 24437154 22796552 1790177 1795682 0 0 13545309 14379339 0 0 832966 5471741 5244409 20807227 21419430 3629927 1377122 64425875 61505442 25493116 21770086 38932759 39735356 TO PROVIDE CONTINUOUS EDUCATION FOR BOYS FROM KINDERGARTEN THROUGH 9TH GRADE 0 0 16801347 1795682 17449768 ALLEN-STEVENSON'S VIGOROUS, PRE-SECONDARY PROGRAM OF ACADEMICS, ATHLETICS AND THE ARTS TEACHES BOYS TO VALUE THE GRATIFYING PROCESS BY WHICH EXCELLENCE IS ATTAINED. BY CREATING A JOYFUL, SAFE ENVIRONMENT FOR LEARNING, THE SCHOOL SEEKS TO ENSURE A PRODUCTIVE, DIVERSE COMMUNITY OF LEARNERS. WE CHALLENGE OUR STUDENTS TO TAKE SUITABLE RISKS, LEARN FROM THEIR MISTAKES, AND SUPPORT EACH OTHER. ULTIMATELY, WE ENCOURAGE BOYS TO MOVE THROUGH LIFE STRONGLY AND RIGHTLY-WITH CONFIDENCE, KNOWLEDGE, ENTHUSIASM, RESILIENCE AND RESPECT FOR ALL. THE SCHOOL PROVIDES A CONTINUOUS EDUCATION PROGRAM FOR BOYS FROM KINDERGARTEN THROUGH 9TH GRADE. THE SCHOOL PROVIDED EDUCATION TO MORE THAN 400 BOYS IN 2012. 16801347 1 1 0 0 0 0 0 1 0 1 1 1 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 0 1 24 0 222 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X HARRIS STEIN BUSINESS MANAGER CO ALLEN-STEVENSON SCHOOL 2126060889 132 EAST 78TH STREET NEW YORK NY 10075 RONALD S ROLFE 5.00 X X 0 0 0 THOMAS H LISTER 3.00 X X 0 0 0 LISA PAGLIARO SELZ 1.00 X X 0 0 0 DAVID R TROWER 50.00 X X 555291 0 50031 DANA B COWIN 1.00 X 0 0 0 ALEXANDER G GELLERT 1.00 X 0 0 0 MARK I GREENE 1.00 X 0 0 0 MICHAEL GOULD 1.00 X 0 0 0 JOHN J HANNAN 1.00 X 0 0 0 JOSHUA HARRIS 1.00 X 0 0 0 PETER B KELLNER 1.00 X 0 0 0 MICHAEL S KLEIN 1.00 X 0 0 0 DAVID H KOCH 1.00 X 0 0 0 PAUL A LEFF 1.00 X 0 0 0 PABLO G LEGORRETA 1.00 X 0 0 0 DUANE A NICHOLSON 1.00 X 0 0 0 DANG T PHAN 1.00 X 0 0 0 AMY L ROBBINS 1.00 X 0 0 0 ALEXANDER G ROEPERS 1.00 X 0 0 0 SUELLYN PRESTON SCULL 1.00 X 0 0 0 DANIEL H STERN 1.00 X 0 0 0 ALEXANDRA WALLACE 1.00 X 0 0 0 SIMON WASSERBERGER 1.00 X 0 0 0 LEONARD A WILF 1.00 X 0 0 0 F SHIUAN WU 1.00 X 0 0 0 C HARRIS STEIN 50.00 X 188089 0 45860 SUSAN L ETESS 50.00 X 229863 0 24503 NEAL KAMSLER 50.00 X 167774 0 25334 JOSEPH FORESTA 50.00 X 162375 0 22063 MARY RICHTER 50.00 X 162295 0 23967 KIMBERLY KYTE 50.00 X 156279 0 25579 1621966 0 217337 9 0 1 0 US BANK PO BOX 86 LOCKBOX SVCS MINNEAPOLIS MN 55486 TRUST FINANCE MANAGEMENT 661627 ED LOWE'S EXEC- YOU- VAN RIVERDALE STATION PO BOX 1015 RIVERDALE NY 10471 BUS SERVICES 186470 AJ LITHOGRAPHERS INC 44 WEST 28TH STREET NEW YORK NY 10001 PRINTERS 126876 SENIOR SYSTEMS INC 201 BOSTON POST ROAD WEST SUITE 10 MARLBOROUGH MA 01752 ADMINISTRATIVE SOFTWARE 110008 4 98364 4195530 107340 4293894 TUITION 611710 15822761 15822761 AFTER SCHOOL PROGRAMS 611710 557503 557503 MUSIC LESSONS 611710 481883 481883 ADMISSION & OTHER FEES 611710 383215 383215 NEW YORK STATE MANDATE 611710 24782 24782 179624 179624 17449768 380909 380909 122360 8550 113810 113810 113810 3012274 2819735 192539 192539 192539 560288 98364 196426 363862 363862 INSURANCE PROCEEDS 900099 1770 1770 1770 22796552 17449768 0 1052890 1795682 1795682 887769 887769 10514343 8765419 1330604 418320 980635 797935 144619 38081 1238814 990432 201114 47268 757778 607549 121234 28995 45850 45850 65945 65945 22637 22637 159403 2688 137440 19275 1083923 816320 207179 60424 418938 416969 1969 193281 193281 105504 73889 24105 7510 239120 227164 11956 1864709 1447613 348285 68811 100662 52664 47998 STUDENT ACTIVITIES 686932 579650 107282 BAD DEBT 93642 93642 MEMBERSHIP DUES 36637 36637 127226 34092 56134 37000 21419430 16801347 3785117 832966 12914691 11688553 1749758 997028 393364 483329 158017 248990 48351845 16816331 33072895 31535514 9392479 10025577 5631439 5469845 1113232 1056606 64425875 61505442 1800715 2047477 5663436 5495320 17430000 13750000 510538 457933 88427 19356 25493116 21770086 X 36864730 38230310 1448187 885204 619842 619842 38932759 39735356 64425875 61505442 X 1377122 -574525 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 23241588 296855 -71108 24794 23442541 17080809 3794260 2391313 24794 23241588 15503412 337666 1281452 41721 17080809 19770139 100119 -2662366 1704480 15503412 0.97200 0.02600 0.00200 0 0 976530 976530 43327184 14395326 28931858 4019605 2421005 1598600 28526 28526 31535514 LIMITED PARTNERSHIPS 5469845 F 5469845 SECURITY DEPOSITS PAYABLE 4200 INSURANCE PREMIUM PAYABLE 15156 19356 22796552 21419430 1377122 -574525 -574525 802597 20402235 -574525 8550 -565975 20968210 65945 1762397 1828342 22796552 19599638 8550 8550 19591088 65945 1762397 1828342 21419430 PART III, LINE 4: IN ITS LIBRARY, THE SCHOOL EXHIBITS AN HISTORICAL MAP DATING BACK TO 1755, WHICH SHOWS THE 13 COLONIES AND LANDS USED AS "LAND GRANTS" BY THE REVOLUTIONARY GOVERNMENTS AS A METHOD OF OBTAINING MILITARY SERVICES. THE MAP IS AN EDUCATIONAL TOOL OF THE SCHOOL IN PROVIDING A QUALITY EDUCATION TO ITS STUDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2008 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES OFFSET AGAINST RENTAL INCOME 8,550. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,762,397. PART XIII, LINE 2D - OTHER ADJUSTMENTS: OCCUPANCY EXPENSES OFFSET AGAINST RENTAL INCOME 8,550. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,762,397. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ALLEN-STEVENSON SCHOOL IS ONE OF MANY SCHOOLS WHO ARE LISTED IN THE INDEPENDENT SCHOOL ADMISSIONS ASSOCIATION OF GREATER NEW YORK ADVERTISEMENT THAT STATES NON-DISCRIMINATORY POLICY TOWARDS STUDENT ACCEPTANCES. ADDITIONALLY, LISTED ON ALL MARKETING MATERIALS AND ON OUR WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 ALLEN-STEVENSON SCHOOL RECEIVES FUNDS FROM NEW YORK STATE MANDATED SERVICES. SPRING BENEFIT 658652 98364 560288 50539 89935 43883 12069 658652 98364 560288 50539 89935 43883 12069 196426 363862 1 FINANCIAL AID/ SCHOLARSHIPS 60 1795682 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE SCHOOL GRANTS FINANCIAL AID SCHOLARSHIPS TO THOSE FAMILIES WHO CANNOT AFFORD THE FULL TUITION. THE PROCESS FOR DETERMINING THE SCHOLARSHIP AWARD IS AS FOLLOWS: THE BUSINESS MANAGER SETS THE BUDGET FOR THE TOTAL AMOUNT OF SCHOLARSHIPS TO BE AWARDED. THE FINANCE COMMITTEE REVIEWS THE BUDGETS PRIOR TO BOARD APPROVAL. IN OCTOBER, THE PERSONAL FINANCIAL AID REQUEST FORMS ARE SENT TO THE PARENTS AT THEIR REQUEST OR OBTAINED ON-LINE. THE PARENTS ARE REQUESTED TO COMPLETE THE ON-LINE APPLICATION FOR FINANCIAL AID FROM TADSFA TOGETHER WITH THEIR PRIOR YEARS FINANCIAL INFORMATION AND ANY AMOUNT THEY CAN PAY TOWARDS TUITION, BASED ON THE PFS FORMS SUBMITTED BY THE FAMILIES. TADS WILL CALCULATE THE AMOUNT EACH FAMILY CAN AFFORD TO CONTRIBUTE TOWARDS TUITION. TADSFA WILL THEN SEND THESE CALCULATIONS TO THE INDIVIDUAL AS WELL AS THE SCHOOL. IN DECEMBER, THE DIRECTOR OF ADMISSIONS WILL REVIEW THE DOCUMENTS PROVIDED BY THE FAMILIES AND TADSFA, AND CREATE A SPREADSHEET OF POTENTIAL SCHOLARSHIPS TO BE GRANTED TO EACH STUDENT. THIS SPREADSHEET IS THEN REVIEWED BY THE FINANCIAL AID COMMITTEE CONSISTING OF THE HEADMASTER, DIRECTOR OF ADMISSIONS, AND FOUR BOARD MEMBERS. THE BUSINESS MANAGER REVIEWS THE SPREADSHEET AND SENDS OUT THE AWARD LETTERS TO THE FAMILIES. CHANGES MAY OCCUR IF THERE SEEM TO BE INCONSISTENCIES IN THE FINANCIAL DATA SUBMITTED. (AS ALL APPLICANTS MUST SUBMIT THEIR COMPLETED 1040 TAX RETURNS AND BUSINESS RETURNS IF APPLICABLE). ONCE APPROVED BY THE COMMITTEE, A LETTER OF APPROVAL IS MAILED TO THE FAMILY THAT MUST BE ACCEPTED BY THE PARENT. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DAVID R TROWER 547890 0 0 0 7401 0 24150 0 25881 0 605322 0 0 0 C HARRIS STEIN 186236 0 0 0 1853 0 17810 0 28050 0 233949 0 0 0 SUSAN L ETESS 228646 0 0 0 1217 0 20639 0 3864 0 254366 0 0 0 NEAL KAMSLER 166491 0 0 0 1283 0 15060 0 10274 0 193108 0 0 0 JOSEPH FORESTA 161773 0 0 0 602 0 14596 0 7467 0 184438 0 0 0 MARY RICHTER 161119 0 0 0 1176 0 14423 0 9544 0 186262 0 0 0 KIMBERLY KYTE 140902 0 0 0 15377 0 14160 0 11419 0 181858 0 0 0 PART I, LINE 1A PART I, LINE 1B: AS HEADMASTER OF ALLEN-STEVENSON SCHOOL, THE SCHOOL REIMBURSES MR. DAVID TROWER THE COST OF HIS DUES FOR HIS CLUB MEMBERSHIP TO THE UNION CLUB AS PER HIS CONTRACT. SOCIAL CLUB DUES ARE NON-TAXABLE BY VIRTUE OF BEING A WORKING CONDITION FRINGE UNDER IRC SECTION 132. THE HEADMASTER USES THE MEMBERSHIP PRIMARILY AND EXCLUSIVELY FOR SCHOOL PURPOSES. NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 134084797 64971CV43 2004-03-05 24000000 RENOVATE FACILITY 0 0 0 10920000 24345926 430000 50000 23865926 2006 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/05/2006 PART II, LINE 3 - THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. NOTE REGARDING THE REBATE COMPUTATION: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS. NO FURTHER REBATE CALCULATIONS WERE NECESSARY. X 8 107340 SELLING PRICE 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT REVIEWS THE 990 TO OBTAIN AN UNDERSTANDING OF THE REPORTING REQUIREMENTS AND TO ENSURE IT IS ACCURATE AND COMPLETE. SUBSEQUENTLY, A COPY OF THE DRAFT 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR THEIR REVIEW. THE AUDIT COMMITTEE WILL MEET WITH MANAGEMENT TO DISCUSS THE 990 AND RESOLVE ANY QUESTIONS THAT MAY ARISE. THE DRAFT 990 WILL THEN BE DISTRIBUTED TO THE BOARD FOR REVIEW AND COMMENTS. THEREAFTER, THE 990 WILL BE FILED. THE PROCESS OCCURS ANNUALLY AND WAS LAST UNDERTAKEN DURING THE 2011 FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND ALL OTHER EMPLOYEES SIGN A CONFLICT OF INTEREST POLICY STATEMENT ANNUALLY WHICH ARE REVIEWED BY MANAGEMENT AND THE BOARD OF TRUSTEES AUDIT COMMITTEE. IF A CONFLICT APPEARS TO EXIST; MANAGEMENT AND THE BOARD OF TRUSTEES AUDIT COMMITTEE WILL MEET WITH THE INDIVIDUAL TO OBTAIN ALL THE FACTS. IF A CONFLICT IS IDENTIFIED, THE INDIVIDUAL TO WHOM IT PERTAINS MUST REFRAIN FROM PARTICIPATING IN THE DECISION MAKING CONCERNING THE MATTER THAT GAVE RISE TO THE CONFLICT. ADDITIONALLY, AN EMPLOYEE WHO RECOMMENDS A VENDOR TO THE SCHOOL MUST DISCLOSE TO THE BUSINESS MANAGER AND THE HEAD OF SCHOOL WHETHER HE OR SHE HAS A RELATIONSHIP WITH THAT VENDOR. IF APPROVED AS APPROPRIATE, THAT VENDOR MUST PROVIDE THE SCHOOL WITH A MINIMUM OF THREE PROFESSIONAL REFERENCES. ADDITIONALLY, THERE WILL BE A BIDDING PROCESS WHERE TWO ADDITIONAL OUTSIDE INDEPENDENT VENDORS WILL BE ASKED TO BID ON THE JOB OR SERVICE AS WELL. FORM 990, PART VI, SECTION B, LINE 15 THE BUSINESS MANAGER OBTAINS INFORMATION FROM NAIS, NYC GUILD SCHOOLS AND NYSAIS THAT SHOWS DETAILED SALARY FIGURES FOR VARIOUS POSITIONS OF 14 SCHOOLS. THE THREE SCHOOL GROUPS ARE USED FOR COMPARISON OF CURRENT SALARIES TO ALLEN-STEVENSON SCHOOL'S HIGHLY COMPENSATED AND KEY EMPLOYEES SUCH AS HEAD OF SCHOOL, BUSINESS MANAGER, DIVISION HEADS, DIRECTOR OF ADMISSIONS, FACILITIES DIRECTOR, DIRECTOR OF ATHLETICS, AND DIRECTOR OF DEVELOPMENT. THE COMPENSATION COMMITTEE, MADE UP OF 7 BOARD MEMBERS, REVIEWS THE HEAD'S RECOMMENDATION OF THE SALARIES OF THE ABOVE LISTED POSITIONS FOR FAIRNESS AND APPROPRIATENESS. THIS PROCESS WAS LAST COMPLETED THIS YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS FORM 990 AS WELL AS THE FINANCIAL STATEMENTS AND FACULTY AND STAFF HANDBOOKS AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENT IS SUBMITTED TO MSRB AND IS ELECTRONICALLY POSTED AS THIS IS A COVENANT OF THE NYC IDA BOND DOCUMENTS. FINANCIALS ARE REQUIRED TO BE AVAILABLE TO IDA BOND PURCHASERS AND THE LETTER OF CREDIT BANK PROVIDING THE BONDS CREDIT ENHANCEMENT. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -574,525. OVERSIGHT OF AUDIT AND SELECTION OF ACCOUNTANTS FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OF THE AUDIT PROCESS OR THE SELECTION OF ITS ACCOUNTANTS FROM THE PRIOR YEAR.