2012-05-15T14:27:09-05:00 2011-06-30 MALONEY NOVOTNY LLC 1111 SUPERIOR AVENUE SUITE 700 CLEVELAND OH 44114 990 2010-07-01 340714451 LAUREL SCHOOL LAUR 2164641441 1 LYMAN CIRCLE SHAKER HEIGHTS OH 44122 LINDA HURLEY 2012-05-14 CHRISTOPHER B ANDERSON 2163630100 2010 2016-02-24 21:20:13Z ANN V KLOTZ 1 LYMAN CIRCLE SHAKER HEIGHTS OH 44122 40000341 false X WWW.LAURELSCHOOL.ORG X 1926 OH THE MISSION OF LAUREL SCHOOL IS TO INSPIRE EACH GIRL TO FULFILL HER PROMISE AND TO BETTER THE WORLD. 27 27 274 100 0 0 8471334 4489857 13838803 14663872 377095 2587485 5113 8412 22692345 21749626 2286928 2377945 0 0 10414734 11139165 0 0 1103685 5854028 6642347 18555690 20159457 4136655 1590169 77174451 82735085 22795949 21807281 54378502 60927804 THE MISSION OF LAUREL SCHOOL IS TO INSPIRE EACH GIRL TO FULFILL HER PROMISE AND TO BETTER THE WORLD. false false 16418948 2377945 14663872 LAUREL SCHOOL, FOUNDED IN 1896, IS A NATIONALLY-RECOGNIZED COLLEGE PREPARATORY, INDEPENDENT DAY SCHOOL FOR GIRLS, KINDERGARTEN THROUGH GRADE 12, WITH A COEDUCATIONAL EARLY CHILDHOOD PROGRAM. LAUREL SCHOOL HAS TWO CAMPUSES AFFORDING STUDENTS OPPORTUNITIES TO LEARN IN TRADITIONAL SETTINGS SUCH AS LABS, STUDIOS, AND LIBRARIES, AS WELL AS IN OUR UNIQUE ENVIRONMENTAL CLASSROOMS. THE LYMAN CIRCLE CAMPUS IS HOME TO ALL FOUR ACADEMIC DIVISIONS. THE BUTLER CAMPUS FEATURES EXTENSIVE ATHLETIC FACILITIES AND OPPORTUNITIES FOR OUTDOOR EDUCATION AND LEADERSHIP-BUILDING PROGRAMS. LAUREL SCHOOL HAS APPROXIMATELY 660 STUDENTS ENROLLED. 16418948 true true false false false false false false true true false false false true true true false true false false false false false true false false false true true true false false false false false false false false false false true false false false false false false false false false true 37 0 true 274 true false false false false false true true false false false false X 27 27 false false false false true true false true true false false false true true true false false true false false X LINDA S HURLEY 2164641441 1 LYMAN CIRCLE SHAKER HEIGHTS OH 44122 Anne Conway Juster 2.0 X X 0 0 0 Kenneth Moore 2.0 X 0 0 0 Deborah Chisholm Hull 2.0 X X 0 0 0 Douglas Preiser 2.0 X X 0 0 0 Linda Abraham-Silver 2.0 X 0 0 0 Teresa Beasley 2.0 X 0 0 0 Jamie Belkin 2.0 X 0 0 0 Shannon Blackwell 2.0 X 0 0 0 Tim Curtiss 2.0 X 0 0 0 Daniel L DeSantis 2.0 X 0 0 0 Timothy D Dixon 2.0 X 0 0 0 Sarah MacCracken Donnelly 2.0 X 0 0 0 Elizabeth Embrescia 2.0 X 0 0 0 Judith Embrescia 2.0 X 0 0 0 Cindy Schulze Flynn 2.0 X 0 0 0 Leslie McCormack Gathy 2.0 X 0 0 0 Lee Hoffman 2.0 X 0 0 0 Bettina Katz 2.0 X 0 0 0 Kevin M LaCroix 2.0 X 0 0 0 Paige Lauster 2.0 X 0 0 0 Bruce Mavec 2.0 X 0 0 0 John McCue 2.0 X 0 0 0 Paul Meeker 2.0 X 0 0 0 Lauren Rich Fine 2.0 X 0 0 0 Nancy Phelps Seitz 2.0 X 0 0 0 Lois Nook Sussen 2.0 X 0 0 0 Elizabeth Hosler Voudouris 2.0 X 0 0 0 Lynette Jackson 2.0 X 0 0 0 Melissa O'Dwyer 2.0 X 0 0 0 Ann V Klotz 40.0 X 226366 0 89276 Linda S Hurley 40.0 X 129758 0 13854 Deborah Farquhar Jones 40.0 X 130194 0 15439 486318 0 118569 3 false true false SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE 37 TOWSON MD 21204 FOOD SERVICES 582244 ALBERT M HIGLEY COMPANY 2926 CHESTER AVENUE CLEVELAND OH 44114 CONSTRUCTION MGMT 933792 STREET DIXON RICK ARCHITECTURE P 107 KENNER AVENUE NASHVILLE TN 37205 ARCHITECTURAL SVCS 157737 3 76725 554834 3858298 1920025 4489857 TUITION AND FEES 900099 14162923 14162923 AUXILIARY OPERATIONS 900099 306898 306898 OTHER OPERATING REVENUE 900099 194051 194051 14663872 1096287 1096287 0 0 19677600 18186402 1491198 1491198 1491198 72725 76725 64313 8412 8412 0 0 0 21749626 14663872 2595897 0 2377945 2377945 0 0 413748 326712 61355 25681 0 8137147 6425421 1206659 505067 110000 86860 16312 6828 1832873 1447311 271797 113765 645397 509632 95706 40059 0 61737 48750 9155 3832 38541 30434 5715 2392 0 0 0 0 311126 245678 46137 19311 323386 255359 47955 20072 409031 322987 60656 25388 0 0 40085 31653 5944 2488 0 0 705852 557369 104671 43812 0 1381108 1090579 204805 85724 97688 77139 14486 6063 EQUIP RENTAL & MAINT 522549 412626 77489 32434 FOOD SERVICE 561647 443499 83287 34861 OUTSIDE CONTRACTED SERVICES 456172 360212 67646 28314 UTILITIES 501840 396273 74418 31149 INSTRUCTIONAL SPECIAL EVENTS 321217 253646 47633 19938 910368 718863 134998 56507 20159457 16418948 2636824 1103685 401113 1334488 4801920 1497052 6304185 4766871 250389 213905 535846 506042 40824703 15045004 25830305 25779699 38061352 45958373 989341 2678655 77174451 82735085 1854867 1425838 341623 419289 16000000 16000000 4599459 3962154 22795949 21807281 X 30306383 32536016 6862757 8412945 17209362 19978843 54378502 60927804 77174451 82735085 X 1590169 4959133 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35092235 642204 6778002 1487746 41024695 31153302 1038415 3786729 886211 35092235 40388936 -7106327 2129307 31153302 0.52665 0.38694 0.08641 false false 2690685 2690685 24406990 9556630 14850360 2832954 1964730 868224 10894074 3523644 7370430 25779699 0 TUITION DEPOSITS 684750 GIFT ANNUITY LIABILITY 505237 AGENCY FUNDS 169584 INTEREST RATE SWAP LIABILITY 2602583 3962154 21749626 20159457 1590169 4352031 607102 4959133 6549302 24330814 4352031 607102 4959133 19371681 2377945 2377945 21749626 17781512 17781512 2377945 2377945 20159457 INTENDED USES OF ENDOWMENT FUNDS, PART V, LINE 4: DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE SPENT IN COMPLIANCE WITH THE DONOR'S RESTRICTIONS APPLICABLE TO THE FUNDS BEING DISTRIBUTED. ANNUAL DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE DETERMINED USING A MIXED SPENDING RULE OF 80 PERCENT OF THE PRIOR YEAR SPENDING AND 20 PERCENT OF THE 5 PERCENT SPENDING RATE TIMES THE ENDOWMENT MARKET VALUE. ALL EXPENDITURES FROM THE ENDOWMENT FUNDS ARE USED TO FURTHER THE EDUCATIONAL PURPOSES OF THE SCHOOL. OTHER CHANGE IN NET ASSETS, PART XI, LINE 8: CHANGE IN INTEREST RATE SWAP LIABILITY: $607,102 OTHER CHANGES IN REVENUE, PART XII, LINE 2D: CHANGE IN INTEREST RATE SWAP LIABILITY: $607,102 OTHER CHANGES IN REVENUE, PART XII, LINE 4B: STUDENT FINANCIAL AID, WHICH WAS SHOWN ON FINANCIAL STATEMENTS AS A REDUCTION OF REVENUE INSTEAD OF BEING SHOWN AS AN EXPENSE: $2,377,945 OTHER CHANGES IN EXPENSES, PART XIII, LINE 4B: STUDENT FINANCIAL AID, WHICH WAS SHOWN ON FINANCIAL STATEMENTS AS A REDUCTION OF REVENUE INSTEAD OF BEING SHOWN AS AN EXPENSE: $2,377,945 FIN 48 FOOTNOTE, PART X, LINE 2: THE SCHOOL IS A NON-PROFIT ORGANIZATION THAT IS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS IMPLEMENTED PROVISIONS OF "ACCOUNTING FOR INCOME TAXES" WHICH CLARIFY THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE PROVISIONS PRESCRIBE CERTAIN CRITERIA FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THESE PROVISIONS ALSO PROVIDE GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THERE WERE NO UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2011. AS OF JUNE 30, 2011, THE SCHOOL'S INCOME TAX YEARS FROM 2007 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES. true true true true true true true false false false false false false false false true false true PUBLICATION OF RACIALLY NON-DISCRIMINATORY POLICY, LINE 3: LAUREL SCHOOL PUBLISHES NOTICES OF ITS RACIALLY NON-DISCRIMINATORY POLICY IN ITS ADMISSION MATERIALS AND IN ITS SCHOOL MAGAZINE WHICH IS DISTRIBUTED TO CURRENT AND PROSPECTIVE STUDENTS. ASSISTANCE FROM GOVERNMENTAL AGENCY, LINE 6A: LAUREL SCHOOL RECEIVES FUNDING FROM THE STATE OF OHIO FOR SALARIES AND PROFESSIONAL FEES AND TO REIMBURSE THE SCHOOL FOR STATE-MANDATED SERVICES. AUCTION 142031 76725 65306 61614 BAZAAR 7419 7419 2699 0 149450 76725 72725 64313 64313 8412 true SCHOLARSHIPS 217 2377945 MONITORING USE OF GRANT FUNDS, PART I, LINE 2: THE SCHOOL CREDITS THE BILLING ACCOUNT OF EACH RECIPIENT FOR THE AMOUNT OF THE SCHOLARSHIP. IN THIS WAY, THE SCHOOL IS ASSURED THAT THE SCHOLARSHIPS ARE USED FOR THE INTENDED PURPOSE OF DEFRAYING EDUCATIONAL EXPENSES FOR EACH RECIPIENT. X true true X X X false false false false false false false false false Ann V Klotz 226366 0 0 0 0 0 4513 0 84763 0 315642 0 0 0 BENEFITS PROVIDED TO CERTAIN INDIVIDUALS, PART I, LINE 1A: THE SCHOOL PROVIDES A HOUSE TO THE HEAD OF SCHOOL, ANN KLOTZ, BECAUSE SHE CONDUCTS A SUBSTANTIAL AMOUNT OF SCHOOL BUSINESS IN HER RESIDENCE. THE HOUSE IS ON THE SCHOOL'S SHAKER HEIGHTS CAMPUS. BECAUSE OF THE SUBSTANTIAL BUSINESS USE OF THE RESIDENCE, THE SCHOOL DOES NOT TREAT THIS BENEFIT AS TAXABLE TO MS. KLOTZ. ADDITIONAL INFORMATION REGARDING NONTAXABLE BENEFITS, PART II, COLUMN D: THE AMOUNT OF NONTAXABLE BENEFITS SHOWN IN COLUMN D FOR MS. KLOTZ CONSISTS OF THE FOLLOWING: CONTRIBUTIONS TO WELFARE PLANS (MEDICAL, DENTAL, LIFE, DISABILITY): $14,432; TUITION REMISSION FOR 3 CHILDREN: $62,940; CAR: $7,391; TOTAL: $84,763. CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY 341029691 186102AB5 2008-04-10 16000000 EDUCATIONAL FACILITY BONDS false false false 0 0 16000000 0 0 0 271037 0 0 6345330 9105000 254512 2011 true false false false false false false true 0.00000 0.00000 0.00000 true false false true PIPER JAFFRAY 30. false false false false false X 0 N/A X 374 FMV X 42 114192 FMV X 2 1793941 FMV X GRAND PIANO 1 6500 FMV X AIRFARE 2 5018 FMV X OTHER 3 0 FMV 1 false true true USE OF THIRD PARTIES, PART I, LINE 32B: DONORS MAKING A GIFT OF SECURITIES TO LAUREL SCHOOL ARE DIRECTED TO TRANSFER THEIR SHARES OF STOCK TO THE SCHOOL'S ACCOUNT AT UBS FINANCIAL SERVICES. UBS IS INSTRUCTED TO SELL ALL SECURITIES TRANSFERRED TO THE ACCOUNT AND TO FORWARD THE PROCEEDS TO THE SCHOOL. THE FEES CHARGED BY UBS ARE AT FAIR MARKET VALUE AND ARE IN ACCORDANCE WITH FEES CHARGED TO OTHER UBS CLIENTS. REASON FOR NOT BOOKING REVENUE, PART I, LINE 33: ITEMS DONATED WERE USED ITEMS THAT WERE NOT MATERIAL IN VALUE. MEMBERS OF THE CORPORATION, FORM 990, PART VI, LINE 6: ANY PERSON INTERESTED IN EDUCATION SHALL BECOME A MEMBER OF THE CORPORATION UPON ELECTION TO MEMBERSHIP BY 3/4 OF THE MEMBERS PRESENT AT AN ANNUAL MEETING OF THE MEMBERS OF THE CORPORATION. POWERS OF THE MEMBERS OF THE CORPORATION, FORM 990, PART VI, LINE 7A: MEMBER-TRUSTEES ARE CHOSEN FROM THE MEMBERS OF THE CORPORATION. THERE SHALL BE NO LESS THAN 20 AND NO MORE THAN 28 TRUSTEES, SERVING A TERM OF 3 YEARS. THE BOARD OF TRUSTEES ELECTS A CHAIR OF THE BOARD, CHAIR-ELECT, SECRETARY, AND TREASURER. FORM 990 REVIEW, FORM 990, PART VI, LINE 11B: THE BOARD OF TRUSTEES HAS DELEGATED THE RESPONSIBILITY TO REVIEW FORM 990 PRIOR TO ITS FILING TO THE AUDIT/FINANCE COMMITTEE. THE INDEPENDENT ACCOUNTING FIRM ASSISTS WITH THIS REVIEW. MONITORING AND ENFORCEMENT OF CONFLICT POLICY, FORM 990, PART VI, LINE 12C: CONFLICTS ARE IDENTIFIED VIA THE ANNUAL DISCLOSURE DOCUMENTS. SUCH CONFLICTS ARE SHARED WITH THE BOARD OF TRUSTEES AS APPROPRIATE. WHEN A CONFLICT ARISES, THE AFFECTED INDIVIDUAL IS NOT PERMITTED TO PARTICIPATE IN THE DISCUSSIONS OR TO VOTE ON THE MATTER. THE APPROVAL OR REJECTION OF THE TRANSACTION IS MADE BY PERSONS WHO ARE INDEPENDENT OF THE INDIVIDUAL WITH THE CONFLICT. COMPENSATION REVIEW AND APPROVAL, FORM 990, PART VI, LINE 15: THE COMPENSATION OF THE HEAD OF THE SCHOOL IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE USES COMPARABILITY DATA IN THEIR DELIBERATIONS AND DOCUMENTS THEIR DECISION-MAKING PROCESS IN THE MINUTES. THE BOARD MEMBERS MAKING THE COMPENSATION DECISION ARE INDEPENDENT OF THE HEAD OF THE SCHOOL. AVAILABILITY OF DOCUMENTS, FORM 990, PART VI, LINE 19: THE SCHOOL DOES NOT MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, OR CONFLICT POLICY AVAILABLE TO THE GENERAL PUBLIC. BOARD APPROVAL OF POLICIES, FORM 990, PART VI, LINES 13, 14, AND 16: LAUREL SCHOOL'S MANAGEMENT HAS DEVELOPED AND IMPLEMENTED A WRITTEN WHISTLEBLOWER POLICY, A DOCUMENT RETENTION POLICY, AND A POLICY FOR JOINT VENTURES. THESE POLICIES WERE NOT APPROVED BY THE BOARD OF TRUSTEES BY THE END OF THE FISCAL YEAR. AS SUCH, THE SCHOOL IS REQUIRED TO ANSWER THESE QUESTIONS "NO" IN PART VI OF FORM 990 EVEN THOUGH SUCH POLICIES ARE IN PLACE. OTHER CHANGES IN NET ASSETS, FORM 990, PART XI, LINE 5: UNREALIZED GAIN ON INVESTMENTS: $4,352,031; CHANGE IN INTEREST RATE SWAP LIABILITY: $607,102; TOTAL ADJUSTMENT: $4,959,133 DISTRIBUTION OF FORM 990 TO GOVERNING BODY, FORM 990, PART VI, LINE 11A: THE SCHOOL DISTRIBUTES A COPY OF FORM 990 TO ALL BOARD MEMBERS BUT REDACTS THE NAMES AND ADDRESSES OF DONORS FROM SCHEDULE B. THE SCHOOL HAS CHOSEN NOT TO DISCLOSE THE IDENTITY OF ITS DONORS, PARTICULARLY IN CASES IN WHICH THE DONOR WANTS TO REMAIN ANONYMOUS. AS SUCH, WE ARE REQUIRED TO ANSWER THE QUESTION IN LINE 11A "NO" EVEN THOUGH THE BOARD RECEIVES ALL OF FORM 990 EXCEPT FOR DONORS' NAMES AND ADDRESSES.