2011-05-16T08:18:49-04:00 2010-06-30 MALONEY NOVOTNY LLC 1111 SUPERIOR AVENUE SUITE 700 CLEVELAND OH 44114 990 2009-07-01 340714451 LAUREL SCHOOL LAUR 2164641441 1 LYMAN CIRCLE SHAKER HEIGHTS OH 44122 LINDA HURLEY 2011-05-12 CHRISTOPHER B ANDERSON 2163630100 2009 2016-02-24 21:20:13Z ANN V KLOTZ 1 LYMAN CIRCLE SHAKER HEIGHTS OH 44122 33727141 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 27 276 100 0 0 2644832 8471334 12679447 13838803 -1653962 377095 0 5113 13670317 22692345 2023002 2286928 0 0 10578191 10414734 0 0 993827 6559671 5854028 19160864 18555690 -5490547 4136655 69234303 77174451 21737006 22795949 47497297 54378502 THE MISSION OF LAUREL SCHOOL IS TO INSPIRE EACH GIRL TO FULFILL HER PROMISE AND TO BETTER THE WORLD. false false 15249494 2286928 13838803 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. 15249494 true true false false false 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 true 38 0 true 276 true false false false false false true true false false false 27 27 false false false false true true false true true false false true true true true true true true false true true 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 Kevin M LaCroix 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 Timothy D Dixon 2.0 X 0 0 0 Sarah MacCracken Donnelly 2.0 X 0 0 0 Judith Embrescia 2.0 X 0 0 0 Jennifer Coleman Fluker 2.0 X 0 0 0 Cindy Schulze Flynn 2.0 X 0 0 0 Terri Garfinkel 2.0 X 0 0 0 Leslie McCormack Gathy 2.0 X 0 0 0 Lee Hoffman 2.0 X 0 0 0 Catherine S Hubben 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 Douglas Preiser 2.0 X 0 0 0 Lauren Rich Fine 2.0 X 0 0 0 Barbara Peterson Ruhlman 2.0 X 0 0 0 Nancy Phelps Seitz 2.0 X 0 0 0 Lois Nook Sussen 2.0 X 0 0 0 Lynette Jackson 2.0 X 0 0 0 Joanne Robbins 2.0 X 0 0 0 Ann V Klotz 40.0 X 213723 0 86541 Linda S Hurley 40.0 X 128654 0 15923 Deborah Farquhar Jones 40.0 X 129278 0 19010 471655 0 121474 3 false true false SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE 37 TOWSON MD 21204 FOOD SERVICES 549868 ALBERT M HIGLEY COMPANY 2926 CHESTER AVENUE CLEVELAND OH 44114 CONSTRUCTION MGMT 3479524 VAN AUKIN AKINS ARCHITECTS LLC 29325 CHAGRIN BLVD SUITE 205 CLEVELAND OH 44122 ARCHITECTURAL SVCS 111488 3 61478 406381 8003475 331304 8471334 TUITION AND FEES 900099 13441232 13441232 AUXILIARY OPERATIONS 900099 275176 275176 OTHER OPERATING REVENUE 900099 122395 122395 13838803 834923 834923 0 0 10523423 10981251 -457828 -457828 -457828 58658 61478 53545 5113 5113 0 0 0 22692345 13838803 382208 0 2286928 2286928 0 0 347508 276887 49395 21226 0 7776750 6196330 1105351 475069 83920 66865 11928 5127 1557815 1241230 221421 95164 648741 516902 92209 39630 0 49756 39645 7072 3039 25300 20158 3596 1546 0 0 0 0 290414 231395 41278 17741 302896 241340 43052 18504 331114 263824 47063 20227 0 0 30326 24163 4310 1853 0 0 701145 558655 99658 42832 0 1313626 1046666 186713 80247 102858 81955 14620 6283 EQUIP RENTAL & MAINT 360879 287540 51294 22045 FOOD SERVICE 531757 423691 75582 32484 OUTSIDE CONTRACTED SERVICES 323083 257424 45922 19737 UTILITIES 456735 363916 64918 27901 INSTRUCTIONAL SPECIAL EVENTS 238749 190230 33935 14584 795390 633750 113052 48588 18555690 15249494 2312369 993827 284691 401113 8858474 4801920 2199563 6304185 353766 250389 538305 535846 39575067 13744762 22328799 25830305 33914380 38061352 756325 989341 69234303 77174451 1382146 1854867 639518 341623 16000000 16000000 3715342 4599459 21737006 22795949 X 30249386 30306383 1253002 6862757 15994909 17209362 47497297 54378502 69234303 77174451 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31153302 1038415 3786729 886211 35092235 40388936 -7106327 2129307 31153302 0.52712 0.43281 0.04007 false false 2690685 2690685 20383981 8760022 11623959 2463482 1847686 615796 14036919 3137054 10899865 25830305 0 TUITION DEPOSITS 697902 GIFT ANNUITY LIABILITY 532635 AGENCY FUNDS 159237 INTEREST RATE SWAP LIABILITY 3209685 4599459 22692345 18555690 4136655 3655971 -911421 2744550 6881205 23149967 3655971 -911421 2744550 20405417 2286928 2286928 22692345 16268762 16268762 2286928 2286928 18555690 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 LIMITED TO 5% OF THE WEIGHTED AVERAGE MARKET VALUE OF THE ENDOWMENT FOR THE PREVIOUS 12 QUARTERS. 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: ($911,421) OTHER CHANGES IN REVENUE, PART XII, LINE 2D: CHANGE IN INTEREST RATE SWAP LIABILITY: ($911,421) 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: $2,286,928 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: $2,286,928 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. IN JULY, 2009, THE SCHOOL IMPLEMENTED NEW 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. THE IMPLEMENTATION DID NOT HAVE AN IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. THERE WERE NO UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2010. AS OF JUNE 30, 2010, THE SCHOOL'S INCOME TAX YEARS FROM 2006 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES. true true true 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. true true true true false false false false false false false false true false LAUREL SCHOOL RECEIVES FUNDING FROM THE STATE OF OHIO FOR SALARIES AND PROFESSIONAL FEES AND TO REIMBURSE THE SCHOOL FOR STATE-MANDATED SERVICES. true AUCTION 111279 61478 49801 50602 BAZAAR 8857 0 8857 2943 0 120136 61478 58658 53545 53545 5113 true SCHOLARSHIPS 217 2286928 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 X X false false false false false false false false false Ann V Klotz 213723 0 0 0 0 0 8808 0 77733 0 300264 0 0 0 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): $13,760; TUITION REMISSION FOR 3 CHILDREN: $56,483; CAR: $7,490; TOTAL: $77,733. CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY 341029691 186102AB5 2008-04-10 16000000 EDUCATIONAL FACILITY BONDS false false 16000000 0 0 1678902 271037 0 4925928 false false false false false false false true 0.00000 0.00000 0.00000 true false false false false false false X 0 N/A X 41 225414 FMV X 1 105890 FMV X SCHOOL MATERIALS 8 0 N/A 0 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 11A: 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.