2011-05-13T05:44:37-05:00 2010-06-30 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2009-07-01 135600423 Staten Island Academy STAT 7189878100 715 Todt Hill ROAD Staten Island NY 10304 angela m artale 7189878100 2011-05-12 1 FREDERICK H ROTHMAN 2128674000 2009 2016-02-24 21:20:13Z Angela M Artale 715 Todt Hill ROAD Staten Island NY 10304 11177858 0 X statenislandacademy.org X 1908 NY STATEN ISLAND ACADEMY IS A CO-ED, COLLEGE PREP SCHOOL FOR PRE-KINDERGARTEN THROUGH GRADE 12. THE ACADEMY BUILDS UPON ITS 125-YEAR TRADITION TO FOCUS ENTIRELY ON PROVIDING THE BEST FUTURE FOR CHILDREN. IT PROVIDES A WELCOMING MIX OF INSPIRING PEOPLE, CHALLENGING SCHOOLWORK, AND OPPORTUNITIES FOR EXPANDED LEARNING. THE ACADEMY IS BASED ON THE BELIEFS THAT STUDENTS SHOULD BE AT THE CENTER OF A WELL-ROUNDED EDUCATION, INSPIRING TEACHERS ARE THE KEY TO MAKING EDUCATION PERSONAL AND QUALITY EDUCATION IS A COLLABORATIVE EFFORT BETWEEN SCHOOL AND FAMILY. 24 22 222 99 0 0 666581 492419 10589023 9990950 127903 114173 197899 101533 11581406 10699075 1514385 1933573 0 6890189 6447230 0 413665 2885374 2549517 11289948 10930320 291458 -231245 11186901 11227538 5038465 4843800 6148436 6383738 Beginning our second century as a co-educational college preparatory school, Staten Island Academy is committed to providing a child-centered education of superior quality. Enrolling students in pre-Kindergarten through twelfth grade, our objective is educating the whole child, while fostering intellectual, creative, social and physical development. Within a collegial campus environment, in small classes, and through extracurricular activities, we encourage our students to participate actively in an educational community that promotes ethical leadership, self-reliance and critical thinking. Believing in the inherent strengths of a diverse citizenry, we celebrate the cultural differences, individual interests and personal talents of our student body. 0 0 7887473 1933573 9033088 Educational Program - SIA provides a comprehensive college preparatory program to students in grades pre-Kindergarten through 12. In addition to extensive academic offerings ranging from Latin to Calculus, the program includes extracurricular activities such as athletics, clubs, overnight trips, and before and after school child care. There were 359 students enrolled during the 2009-2010 school year. 36185 After School Programs - SIA offers an extended day program for students in Pre- K through grade 8. Students may also register for "adventures" sessions for a fee. These educational, art or sports sessions are held after school. 921677 Summer Programs - SIA offers academic enrichment opportunities in the Summer Institute for the Gifted (SIG). Our general summer program includes recreational activities, Sports Camps, Discovery Science, Bike for Life, Multi Media Computers and Instructional Swim, and a CIT program. 7887473 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 222 1 0 0 0 0 0 1 1 0 0 0 24 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NY X Angela M Artale 7189878100 715 Todt Hill Road Staten Island NY 10304 Steve W Pasko 1.00 X X 0 0 0 Vincent J Dugan 1.00 X X 0 0 0 Daniel L Master Jr 1.00 X X 0 0 0 Caroline Diamond Harriso 1.00 X X 0 0 0 Diane J Hulse 40.00 X X 274214 0 44662 Suzanne Stirn Ainslie 1.00 X 0 0 0 Jahnbaz Almas 1.00 X 0 0 0 Victor P Avis 1.00 X 0 0 0 Alan Bernstein 1.00 X 0 0 0 Elissa Carpenter 1.00 X 0 0 0 Robert S Cutrona Sr 1.00 X 0 0 0 Honorable Charles J D'A 1.00 X 0 0 0 Mr Joseph A Dezio 1.00 X 0 0 0 John J Fafian 1.00 X 0 0 0 Dina Marie Filippini 1.00 X 0 0 0 Dr J Geoffrey Pierson 1.00 X 0 0 0 Dr Devorah Lieberman 1.00 X 0 0 0 Lance P Meaney 1.00 X 0 0 0 David Ng 1.00 X 0 0 0 Dr Carolyn Raia 1.00 X 0 0 0 Colleen Kelleher Sorrent 1.00 X 0 0 0 Allan Weissglass 1.00 X 0 0 0 Ed Wiseman 1.00 X 0 0 0 Deborah Falcone 1.00 X 0 0 0 Angela M Artale 40.00 X 119439 0 13502 Eileen Corigliano 40.00 X 130410 0 14009 Michael B Jones 40.00 X 119094 0 13482 Darlene Crowe 40.00 X 115208 0 45329 Arthur Grinev 40.00 X 103442 0 30412 861807 0 161396 6 0 1 0 Culinart PO Box 4738 Houston TX 77210 Food Service 176626 ISLAND CHARTER Inc 380 Chelsea Road Staten Island NY 10314 transportation 135562 2 114134 102443 275842 492419 Student Tuition 611710 9033088 9033088 Summer Program 611600 921677 921677 After-School Program 611710 36185 36185 9990950 113632 113632 42304 6504 35800 35800 35800 428180 427639 541 541 541 13125 114134 44640 -31515 -31515 other Revenue 900099 53210 53210 Concession Sales 900099 44038 44038 97248 10699075 9990950 0 215706 1933573 1933573 471694 471694 4863554 3615497 983064 264993 174789 140535 23535 10719 540028 356109 156757 27162 397165 254611 123134 19420 20817 20817 234825 43528 154230 37067 167512 62995 104517 1044633 755994 245188 43451 252054 245818 6236 8417 8417 47688 34063 13625 362156 284292 77864 97773 2827 94946 Food service 160678 71389 89289 Parent League Expenses 56845 56845 Commencement Events 36004 25151 10853 Bad Debt 34469 34469 miscellaneous 21400 21400 4246 4246 10930320 7887473 2629182 413665 273405 139116 1177715 1365367 88984 75907 1312 204677 159553 205234 143362 11122306 6009099 5393001 5113207 3788352 4143409 42368 75997 13165 10308 11186901 11227538 824884 750537 3136120 3262563 1077461 830700 5038465 4843800 X 5796885 5835488 253423 279434 98128 268816 6148436 6383738 11186901 11227538 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3750867 31250 548360 170000 20817 4139660 4805547 30000 -839271 1000 225000 19409 3750867 0.93510 0.06490 0 0 92415 92415 7823711 3479592 4344119 717169 411521 305648 2489011 2117986 371025 5113207 10699075 10930320 -231245 457989 8558 466547 235302 9238553 457989 15062 473051 8765502 1933573 1933573 10699075 9003251 6504 6504 8996747 1933573 1933573 10930320 Part V, Line 4: Description of Intended Use of Endowment Funds: The Academy's permanently restricted net assets consist of endowment fund assets to be held in perpetuity. The income from the assets can be used to support the Academy's faculty education and scholarship program. Part X: Description of Uncertain Tax Positions Under FIN 48: effective july 1, 2009, the academy adopted the provision pertaining to uncertain tax positions (asc topic 740) and has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Part XI, Line 8 - Other Adjustments: gain on swap agreement: 8558. Part XII, Line 2d - Other Adjustments: Gain On Swap Agreement: 8558. rental expenses: 6504. Part XII, Line 4b - Other Adjustments: Financial Aid Scholarships: 1933573. Part XIII, Line 2d - Other Adjustments: rental expenses: 6504. Part XIII, Line 4b - Other Adjustments: financial aid Scholarships: 1933573. 1 1 1 Staten Island Academy is a member of ISAGNY (Independent Schools Admissions Association of Greater New York). This organization discloses and publicizes the nondiscrimination policy for all member schools. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 STATE AID FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION IS PROVIDED TO THE ORGANIZATION. 1 Gala 114401 102602 11799 15647 0 20071 3175 Academy Day 12858 11532 1326 5747 127259 114134 13125 15647 20071 8922 44640 -31515 1 Tuition grants 200 1933573 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Tuition Grants: Families who request financial aid are required to fill out a PFS (Parent Financial Statement) and submit it to the SSS (Student Services for Financial Aid). The PFS is sent directly to the Student Service for Financial Aid (SSS), which analyzes the information and provides the Academy with an estimated amount that the family can contribute towards their child or children's educational expenses. The parental contribution suggested by the SSS is used as a guide, but the Academy figures in a cost of living allowance for NYC and also verifies the home equity stated on the PFS. The Academy also requires the past two years of income tax returns and supporting documents to be given directly to the Director of Financial Aid. If a parent is self-employed, a copy of the applicable business tax return or schedule must be furnished to the school. in addition, a copy of the SSS Business/Farm Statement must be completed. Once all documentation is received, each file is reviewed by the Financial Aid committee and a decision is rendered. Currently, new students entering in grades 6 and 9 may take the William Winter Scholarship entrance exam and submit all required admission documents. Awards are based on test scores, grades, extracurricular activites, and interviews. Two new applicants to grade 6 and grade 9 are awarded a 50% scholarship award that is renewed annually. There is no GPA required to be maintained. X X X 1 0 X X X X 0 1 0 0 0 0 0 0 0 Diane J Hulse 243949 0 0 0 30265 0 37250 0 7412 0 318876 0 0 0 Darlene Crowe 109993 0 3095 0 2120 0 5700 0 39629 0 160537 0 0 0 Part I, Line 1a As per employment contract, the Head of School receives $15,000 per year for housing allowance, $5,200 per year for house cleaning and $5,200 per year for health club membership. The school also pays for membership to a country club for business use. These payments are treated as taxable compensation. Part I, Line 4a Part I, Line 4b: diane j. hulse, head of school - $25,000. Elissa Carpenter Loan for tuition for garrett carpenter X 1750 1312 0 0 1 1312 Form 990, Part VI, Section B, line 11 The 990 will be reviewed by management and the treasurer of the board of trustees prior to filing. It will also be made available to all board members for their review prior to filing. Form 990, Part VI, Section B, line 12c Prior to election or appointment of any board member, all members shall disclose in writing, to the best of their knowledge, any interest in any corporation or other organization which provides goods or professional or other services to the academy for a fee or other compensation. a copy of each disclosure statement shall be available to any trustee of the academy on request. if at any time during his or her term of service a member has any interest which may pose a conflict of interest, he or she shall promptly disclose the material facts of that interest in writing to the president of the board and chair of any board committee, if any, functioning as the audit committee of the board. when any matter in which a member has an interest comes before the board or any committee or sub-committee of the board for decision or approval, that interest shall be immediately disclosed to the board or the committee or sub-committee by that member, and the member shall recuse himself or herself from any discussion and/or vote relating thereto. Form 990, Part VI, Section B, line 15a The head of school is evaluated annually by the board. They research the salary and compensation for similar sized schools both locally and nationally. Data from NAIS is considered as well. This process was last done in 2010. Form 990, Part VI, Section C, line 19 These documents are available upon request. form 990, part xi, line 2c: The process has not changed from the prior year.