MASTERS SCHOOL: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- MASTERS SCHOOL (EIN 13-1740472)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-15
- IRS object ID
- 201241369349302519
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T10:43:36-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARKS PANETH & SHRON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 622 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131740472 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MASTERS SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MAST | NameControl |
| Phone | 9144796400 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 49 CLINTON AVENUE | AddressLine1 |
| City | DOBBS FERRY | City |
| State | NY | State |
| ZIP Code | 10522 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LEWIS WYMAN | Name |
| Title | DIR OF BUS/FIN | Title |
| Phone | 9144796400 | Phone |
| Date Signed | 2012-05-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT R LYONS CPA | Name |
| Phone | 2125038800 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MAUREEN FONSECA | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 49 CLINTON AVENUE | AddressLine1 |
| City | DOBBS FERRY | City |
| State | NY | State |
| ZIP Code | 10522 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 36572934 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MASTERSNY.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1877 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 24 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 189 | TotalNbrEmployees |
| Total Nbr Volunteers | 307 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3186698 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6999951 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 22294681 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 23449560 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 487399 | InvestmentIncomePriorYear |
| Investment Income Current Year | 419183 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -4644 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 25964134 | TotalRevenuePriorYear |
| Total Revenue Current Year | 30868694 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3829228 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 4071647 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 12128116 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 12571259 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 936838 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7280953 | OtherExpensePriorYear |
| Other Expenses Current Year | 8246117 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 23238297 | TotalExpensesPriorYear |
| Total Expenses Current Year | 24889023 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2725837 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5979671 | RevenuesLessExpensesCY |
| Total Assets BOY | 65801080 | TotalAssetsBOY |
| Total Assets EOY | 75101248 | TotalAssetsEOY |
| Total Liabilities BOY | 21941843 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 21806329 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 43859237 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 53294919 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 17213644 | Expense |
| Revenue | 23449560 | Revenue |
| Description | 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. | Description |
| Total Program Service Expense | 17213644 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 1 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 113 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 189 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 24 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LEWIS WYMAN | NamePerson |
| Telephone Number | 9144796431 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 49 CLINTON AVENUE | AddressLine1 |
| City | DOBBS FERRY | City |
| State | NY | State |
| ZIP Code | 10522 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (29 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| EDITH CHAPIN | ||||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | |||
| SPARK CREMIN | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JOHN DIMLING | ||||||||
| VICE CHAIR | 2.00 | X | 0 | 0 | 0 | X | ||
| MARILYN DIMLING | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| MICHAEL GREENE | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| ELISE GRIFFIN | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| LUSYD KOURIDES | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| TRACY LIMPE | ||||||||
| BOARD CHAIR | 2.00 | X | 0 | 0 | 0 | X | ||
| SYDNEY MACY | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| EDGAR 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 MORRIS | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| CHRIS NEIKIRK | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| BETH NOLAN | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | X | ||
| JOHN PECKHAM | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| PENNEY RIEGELMAN | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| RALPH ROSENBERG | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| NANCY SEAMAN | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| LYNN SOBEL | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DIANA SPENCER | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| PENN WYROUGH | ||||||||
| TREASURER | 2.00 | X | 0 | 0 | 0 | X | ||
| SUZY WELCH | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| MAUREEN FONSECA | ||||||||
| HEAD OF SCHOOL | 40.00 | X | 297875 | 0 | 61186 | X | ||
| LEWIS WYMAN | ||||||||
| CFO | 40.00 | 186266 | 0 | 26437 | X | |||
| SOPHIA PRIMPS | ||||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | 174615 | 0 | 30874 | X | |||
| MARY SCHELLHORN | ||||||||
| ASSOC. HEAD FOR ENROLLMENT | 40.00 | 154624 | 0 | 16447 | X | |||
| LINDA SMITH-SHEARER | ||||||||
| MAJOR GIFTS OFFICER | 40.00 | 124480 | 0 | 13309 | X | |||
| CHRIS FROST | ||||||||
| UPPER SCHOOL HEAD | 40.00 | 121864 | 0 | 31040 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1059724 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 179293 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ARAMARK | |||||
| PO BOX 198532 | ATLANTA | GA | 30384 | FOOD SERVICES | 1372528 |
| DEROSA SPORTS CONSTRUCTION INC | |||||
| PO BOX 107 | MAMARONECK | NY | 10543 | CONSTRUCTION MANAGER | 226756 |
| PETER GISOLFI & ASSOCIATES | |||||
| 566 WARBURTON AVENUE | HASTINGS | NY | 10706 | ARCHITECTURAL | 203425 |
| LUZON ENVIRONMENTAL SERVICES | |||||
| PO BOX 1070 | WOODRIDGE | NY | 12789 | CONTRACTOR | 180849 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| All Other Contributions | 6999951 | AllOtherContributions |
| Noncash Contributions | 405610 | NoncashContributions |
| Total Contributions | 6999951 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611110 | 22474040 | 22474040 |
| OTHER SERVICES | 900099 | 512748 | 512748 |
| AUXILIARY ACTIVITY | 900099 | 462772 | 462772 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 23449560 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 346542 | TotalRevenueColumn |
| Exclusion | $346,542 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5776881 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5704240 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 72641 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 72641 | TotalRevenueColumn |
| Exclusion | $72,641 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 30868694 | TotalRevenueColumn |
| Related Or Exempt Function Income | 23449560 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $419,183 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4071647 | Total |
| Program Services | 4071647 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10063798 | Total |
| Program Services | 6405103 | ProgramServices |
| Management And General | 3068695 | ManagementAndGeneral |
| Fundraising | 590000 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 903126 | Total |
| Program Services | 574794 | ProgramServices |
| Management And General | 275385 | ManagementAndGeneral |
| Fundraising | 52947 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 877958 | Total |
| Program Services | 558776 | ProgramServices |
| Management And General | 267711 | ManagementAndGeneral |
| Fundraising | 51471 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 726377 | Total |
| Program Services | 442038 | ProgramServices |
| Management And General | 243621 | ManagementAndGeneral |
| Fundraising | 40718 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 128721 | Total |
| Management And General | 128721 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 259069 | Total |
| Management And General | 259069 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111672 | Total |
| Management And General | 111672 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35695 | Total |
| Management And General | 35695 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52368 | Total |
| Management And General | 52368 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 172648 | Total |
| Program Services | 134415 | ProgramServices |
| Management And General | 38233 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 158557 | Total |
| Program Services | 57750 | ProgramServices |
| Management And General | 100807 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 842611 | Total |
| Program Services | 842611 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1424319 | Total |
| Program Services | 1424319 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 192031 | Total |
| Program Services | 192031 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices | FundraisingFundraising |
|---|---|---|---|---|
| UTILITIES | 1076736 | 1076736 | ||
| FOOD PROGRAMS | 905272 | 905272 | ||
| INSTRUCTION | 725749 | 25417 | 700332 | |
| BUILDING EXPENSES | 389973 | 389973 | ||
| FUND RAISING/ALUMNAE | 304375 | 14155 | 162798 | 127422 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1466321 | Total |
| Program Services | 741758 | ProgramServices |
| Management And General | 650283 | ManagementAndGeneral |
| Fundraising | 74280 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24889023 | Total |
| Program Services | 17213644 | ProgramServices |
| Management And General | 6738541 | ManagementAndGeneral |
| Fundraising | 936838 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1948917 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7967576 | BOY |
| EOY | 7889149 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 617163 | BOY |
| EOY | 3774398 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118830 | BOY |
| EOY | 161631 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62248 | BOY |
| EOY | 62588 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 294007 | BOY |
| EOY | 389142 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 52398441 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 19531839 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32949637 | BOY |
| EOY | 32866602 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23193690 | BOY |
| EOY | 27691571 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 597929 | BOY |
| EOY | 317250 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65801080 | BOY |
| EOY | 75101248 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1083825 | BOY |
| EOY | 1035832 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3435544 | BOY |
| EOY | 3641740 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15305000 | BOY |
| EOY | 14910000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2117474 | BOY |
| EOY | 2218757 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21941843 | BOY |
| EOY | 21806329 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24952169 | BOY |
| EOY | 26794843 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2091460 | BOY |
| EOY | 9455583 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16815608 | BOY |
| EOY | 17044 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43859237 | BOY |
| EOY | 53294919 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65801080 | BOY |
| EOY | 75101248 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 5979671 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 3456011 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Donor Advised Contributions | 277614 | DonorAdvisedContributions |
| Grants Paid From Donor Funds | 0 | GrantsPaidFromDonorFunds |
| Aggregate DAF Value | 27518702 | AggregateDAFValue |
| Disclosed Orgs Legal Control | 1 | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | 1 | DisclosedForCharitablePurposes |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 23169867 | BeginningOfYearBalance |
| Contributions | 277614 | Contributions |
| Investment Earnings Or Losses | 4104937 | InvestmentEarningsOrLosses |
| Administrative Expenses | 33716 | AdministrativeExpenses |
| End Of Year Balance | 27518702 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 20817090 | BeginningOfYearBalance |
| Contributions | 242628 | Contributions |
| Investment Earnings Or Losses | 2139510 | InvestmentEarningsOrLosses |
| Administrative Expenses | 29361 | AdministrativeExpenses |
| End Of Year Balance | 23169867 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 26168679 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -4530530 | InvestmentEarningsOrLosses |
| Other Expenditures | 790000 | OtherExpenditures |
| Administrative Expenses | 31059 | AdministrativeExpenses |
| End Of Year Balance | 20817090 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.28100 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.61900 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3354306 | OtherCostOrOtherBasis |
| Book Value | 3354306 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 39068659 | OtherCostOrOtherBasis |
| Depreciation | 11854570 | Depreciation |
| Book Value | 27214089 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3773424 | OtherCostOrOtherBasis |
| Depreciation | 3215831 | Depreciation |
| Book Value | 557593 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6202052 | OtherCostOrOtherBasis |
| Depreciation | 4461438 | Depreciation |
| Book Value | 1740614 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 32866602 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| INTEREST RATE SWAP LIABILITY | $2,125,496 |
| DISCOUNT ON FUTURE INTEREST OF SPLIT-INTEREST AGREEMENTS | $77,773 |
| CHARITABLE GIFT ANNUITIES PAYABLE | $15,488 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2218757 | TotalOfAmounts |
| Total Revenue | 30868694 | TotalRevenue |
| Total Expenses | 24889023 | TotalExpenses |
| Excess Or Deficit For Year | 5979671 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 3708302 | NetUnrealizedGLOnInvestments |
| Investment Expenses | -33716 | InvestmentExpenses |
| Other | -$218,575 | OtherAmount |
| Total Adjustments | 3456011 | TotalAdjustments |
| Excess Or Deficit Per FS | 9435682 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 30471633 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 3708302 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 3708302 | RevenueNotRptdF990 |
| Revenue Subtotal | 26763331 | RevenueSubtotal |
| Investment Expenses Not Included | 33716 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 4071647 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 4105363 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 30868694 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 21035951 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 243559 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 243559 | ExpensesNotRptdF990 |
| Expenses Subtotal | 20792392 | ExpensesSubtotal |
| Other Expenses Not Included | 4096631 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 4096631 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 24889023 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | 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. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | EFFECTIVE JULY 1, 2009, THE SCHOOL APPLIES THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. THE ADOPTION OF ASC TOPIC 740 DID NOT HAVE AN EFFECT ON THE SCHOOL'S FINANCIAL POSITION AS OF JULY 1, 2010 OR THE SCHOOL'S RESULTS OF OPERATIONS AND CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2011. THE SCHOOL IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2008. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | INVENTORIES 24,984. SWAP INTEREST EXPENSE -119,301. RESTRICTED EXPENSE RELEASE -124,258. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID AWARDS 4,071,647. INVENTORY SALES | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | RESTRICTED EXPENSES RELEASED 124,258. SWAP INTEREST EXPENSE 119,301. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID AWARDS 4,071,647. INVENTORIES 24,984. | |
| THE SCHOOL APPLIES THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISION FOR UNCERTAIN TAX POSITIONS. THE ADOPTION OF ASC TOPIC 740 DID NOT HAVE AN EFFECT ON THE SCHOOL'S FINANCIAL POSITION AS OF JULY 1, 2010 OR THE SCHOOL'S RESULTS OF OPERATIONS AND CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2011. THE SCHOOL IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | PUBLICIZED IN THE NEW YORK TIMES |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE ORGANIZATION RECEIVED $144,018 FROM THE STATE OF NEW YORK. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 147 | NumberOfRecipients |
| Amount Of Cash Grant | 4071647 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MAUREEN FONSECA | |||||||||||||
| 297875 | 0 | 0 | 0 | 0 | 0 | 29788 | 0 | 31398 | 0 | 359061 | 0 | 179531 | 0 |
| LEWIS WYMAN | |||||||||||||
| 186266 | 0 | 0 | 0 | 0 | 0 | 18627 | 0 | 7720 | 0 | 212613 | 0 | 106698 | 0 |
| SOPHIA PRIMPS | |||||||||||||
| 174615 | 0 | 0 | 0 | 0 | 0 | 17462 | 0 | 13412 | 0 | 205489 | 0 | 102352 | 0 |
| MARY SCHELLHORN | |||||||||||||
| 154624 | 0 | 0 | 0 | 0 | 0 | 15462 | 0 | 985 | 0 | 171071 | 0 | 85536 | 0 |
| CHRIS FROST | |||||||||||||
| 121864 | 0 | 0 | 0 | 0 | 0 | 12186 | 0 | 18854 | 0 | 152904 | 0 | 0 | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 20 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 405610 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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. | |
| 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 12C | |
| 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 B, LINE 15 | |
| THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 3,708,302. INVESTMENT EXPENSES: -33,716. INVENTORIES 24,984. SWAP INTEREST EXPENSE -119,301. RESTRICTED EXPENSE RELEASE -124,258. TOTAL TO FORM 990, PART XI, LINE 5: 3,456,011. | FORM 990, PART XI, LINE 5: |
| PROCESS HAS NOT CHANGED FROM PRIOR YEAR. | PART XI, LINE 2C |