2012-05-11T15:28:31-05:00 2011-06-30 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2010-07-01 131623878 ALLEN-STEVENSON SCHOOL ALLE 2122886710 132 EAST 78TH STREET NEW YORK NY 10075 DAVID R TROWER 2122886710 2012-05-11 1 FREDERICK H ROTHMAN 2128674000 2010 2016-02-24 21:20:13Z DAVID R TROWER 132 EAST 78TH STREET NEW YORK NY 10075 26030755 0 X WWW.ALLEN-STEVENSON.ORG X 1904 NY TO PROVIDE CONTINUOUS EDUCATION FOR BOYS FROM KINDERGARTEN THROUGH 9TH GRADE. 25 24 209 0 7083 0 2829383 7040932 16214251 16615266 701347 465182 86554 315774 19831535 24437154 1703388 1790177 0 0 13133582 13545309 0 0 758913 5738541 5471741 20575511 20807227 -743976 3629927 61697561 64425875 28911501 25493116 32786060 38932759 TO PROVIDE CONTINUOUS EDUCATION FOR BOYS FROM KINDERGARTEN THROUGH 9TH GRADE 0 0 16463784 1790177 16615266 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 APPROXIMATELY 400 STUDENTS IN 2011. 16463784 1 1 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 22 0 1 209 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 0 0 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 DEAN I LANDIS 1.00 X X 0 0 0 JEFFREY GBEERS 1.00 X X 0 0 0 DAVID R TROWER 50.00 X X 533859 0 48683 MARIE BITETTI 1.00 X 0 0 0 SUSAN DE MENIL 1.00 X 0 0 0 MOLLY O'NEIL FRANK 1.00 X 0 0 0 ALEXANDER G GELLERT 1.00 X 0 0 0 MICHAEL GOULD 1.00 X 0 0 0 JOHN H 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 LISA PAGLIANO SELZ 1.00 X 0 0 0 SIMON WASSERBERGER 1.00 X 0 0 0 LEONARD A WILF 1.00 X 0 0 0 C HARRIS STEIN 50.00 X 177266 0 42929 MARY RICHTER 50.00 X 156449 0 21847 JOSEPH FORESTA 50.00 X 159940 0 19956 SUSAN L ETESS 50.00 X 228112 0 21796 NEAL KAMSLER 50.00 X 164233 0 23669 KIM KYTE 50.00 X 152560 0 23387 1572419 0 202267 24 0 1 0 US BANK PO BOX 86 LOCKBOX SVCS MINNEAPOLIS MN 55486 TRUST FINANCE MANAGEMENT 646772 ALLIED IRISH BANK 405 PARK AVENUE NEW YORK NY 10022 SWAP & LOC PROVIDER FOR IDA BONDS 292606 ED LOWE'S EXEC- YOU- VAN RIVERDALE STATION PO BOX 1015 RIVERDALE NY 10471 BUS SERVICES 215550 R3 ELECTRICAL INC 540 PORT RICHMOND AVENUE STATEN ISLAND NY 10302 ELECTRICAL CONTRACTORS 195250 KIDS IN SPORTS PO BOX G GRACIE STATION NY 10028 DEVELOPMENTAL SPORTS PROGRAM 134040 9 105600 6935332 66374 7040932 TUITION 611710 15187851 15187851 AFTER SCHOOL PROGRAMS 611710 579952 579952 MUSIC LESSONS 611710 414980 414980 ADMISSION & OTHER FEES 611710 204702 204702 NEW YORK STATE MANDATE 611710 125126 125126 102655 102655 16615266 285262 7083 278179 85150 11045 74105 74105 74105 1676739 1496819 179920 179920 179920 323840 105600 85737 238103 238103 INSURANCE PROCEEDS 900099 3566 3566 3566 24437154 16615266 7083 773873 1790177 1790177 1879044 653227 1034635 191182 9262183 7987621 1086007 188555 827846 642056 157574 28216 859101 666297 163523 29281 717135 556191 136501 24443 44500 44500 58402 58402 50362 50362 156488 7972 126133 22383 931342 717292 158126 55924 541230 532503 8727 203388 203388 120039 84756 26870 8413 647542 615165 32377 1784860 1384822 339284 60754 102404 53973 48431 STUDENT ACTIVITIES 651047 545850 105197 MISCELLANEOUS 124294 22494 57235 44565 MEMBERSHIP DUES 42056 42056 BAD DEBT 13787 13787 20807227 16463784 3584530 758913 12975448 12914691 859903 1749758 501025 393364 184936 158017 48073143 15000248 34249817 33072895 5171330 9392479 6601244 5631439 1153858 1113232 61697561 64425875 1869017 1800715 4838629 5663436 21575000 17430000 418107 510538 210748 88427 28911501 25493116 X 31518908 36864730 647310 1448187 619842 619842 32786060 38932759 61697561 64425875 X 3629927 2516772 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 17080809 3794260 2391313 24794 23241588 15503412 337666 1281452 41721 17080809 19770139 100119 -2662366 1704480 15503412 0.97000 0.02700 0.00300 0 0 976530 976530 43259899 12885320 30374579 3823229 2114928 1708301 13485 13485 33072895 LIMITED PARTNERSHIP 5631439 F 5631439 SECURITY DEPOSITS PAYABLE 6050 INSURANCE PREMIUM PAYABLE 82377 88427 24437154 20807227 3629927 2399725 117047 2516772 6146699 25022488 2399725 11045 2410770 22611718 58402 1767034 1825436 24437154 18992836 11045 11045 18981791 58402 1767034 1825436 20807227 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 XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP AGREEMENT 117,047. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES OFFSET AGAINST RENTAL INCOME 11,045. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,767,034. PART XIII, LINE 2D - OTHER ADJUSTMENTS: OCCUPANCY EXPENSES OFFSET AGAINST RENTAL INCOME 11,045. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,767,034. 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 RECEIVES FUNDS FROM NEW YORK STATE MANDATED SERVICES. SPRING BENEFIT 429440 105600 323840 12474 58725 1200 13338 429440 105600 323840 12474 58725 1200 13338 85737 238103 1 FINANCIAL AID/ SCHOLARSHIPS 58 1767034 TUITION ASSISTANCE 0 23143 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 TREASURER'S COMMITTEE REVIEWS THE BUDGETS PRIOR TO BOARD APPROVAL. IN OCTOBER, THE PERSONAL FINANCIAL AID REQUEST FORMS ARE SENT TO THE PARENTS AT THEIR REQUEST, AND THE PERSONAL FINANCIAL STATEMENT (PFS) FORMS ARE E-MAILED TO ALL THE REQUESTING FAMILIES. PARENTS ARE REQUESTED TO COMPLETE THE FORMS AND MAIL THEM BACK TO THE SCHOOL AND COMPLETE THE ON- LINE APPLICATION FOR FINANCIAL AID (SSSFA) TOGETHER WITH THEIR PRIOR YEARS FINANCIAL INFORMATION AND AN AMOUNT THEY CAN PAY TOWARDS TUITION. BASED ON THE PFS FORMS SUBMITTED BY THE FAMILIES, SSSFA WILL CALCULATE THE AMOUNT EACH FAMILY CAN AFFORD TO CONTRIBUTE TOWARDS TUITION. SSSFA WILL THEN SEND THESE CALCULATIONS TO THE SCHOOL. IN DECEMBER, THE DIRECTOR OF ADMISSIONS WILL REVIEW THE DOCUMENTS PROVIDED BY THE FAMILIES AND SSSFA, 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 AWARDS PRIOR TO THE AWARD LETTERS GOING OUT 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 533859 0 0 0 0 0 27873 0 20810 0 582542 0 0 0 C HARRIS STEIN 177266 0 0 0 0 0 16781 0 26148 0 220195 0 0 0 MARY RICHTER 156449 0 0 0 0 0 13847 0 8000 0 178296 0 0 0 JOSEPH FORESTA 159940 0 0 0 0 0 15428 0 4528 0 179896 0 0 0 SUSAN L ETESS 228112 0 0 0 0 0 20423 0 1373 0 249908 0 0 0 NEAL KAMSLER 164233 0 0 0 0 0 14553 0 9116 0 187902 0 0 0 KIM KYTE 152560 0 0 0 0 0 13752 0 9635 0 175947 0 0 0 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. NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 134084797 64971CV43 2004-03-05 24000000 RENOVATE FACILITY 0 0 0 7230000 24345926 430000 50000 23865926 2006 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 X 8 66374 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 APPROVAL. UPON REQUEST FROM THE BOARD THE 990 WILL BE FILED. THE PROCESS OCCURS ANNUALLY AND WAS LAST UNDERTAKEN DURING THE 2010 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. THE BUSINESS MANAGER OBTAINS DATA FROM NAIS, NYC GUILD SCHOOLS & NYSAIS THAT SHOWS DETAIL SALARY FIGURES FOR VARIOUS POSITIONS OF 14 SCHOOLS. THE THREE SCHOOL GROUPS ARE USED FOR COMPARISON OF CURRENT SALARIES TO ALLEN-STEVENSON'S KEY EMPLOYEES SUCH AS HEAD OF SCHOOL, UPPER SCHOOL HEAD, MIDDLE SCHOOL HEAD, BUSINESS MANAGER, DIRECTOR OF ADMISSIONS, FACILITIES DIRECTOR & DIRECTOR OF DEVELOPMENT. THE COMPENSATION COMMITTEE, MADE UP OF SEVEN BOARD MEMBERS, REVIEWS THE HEAD'S RECOMMENDATION OF SALARY. THE COMMITTEE DETERMINES THE HEADMASTER'S SALARY AND COMMENTS ON ALL THE OTHER SALARIES FOR FAIRNESS AND APPROPRIATENESS. THIS PROCESS WAS LAST COMPLETED FOR FISCAL YEAR 2010. 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 GAINS ON INVESTMENTS: 2,399,725. CHANGE IN VALUE OF SWAP AGREEMENT 117,047. TOTAL TO FORM 990, PART XI, LINE 5: 2,516,772.