2023-12-22T14:08:32-06:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 116044973 PORTLEDGE SCHOOL PORT 5166711475 355 DUCK POND ROAD LOCUST VALLEY NY 11560 SIMON A WILLIAMS HEAD OF SCHOOL 5166711475 2023-12-22 1 SIMON WILLIAMS 999009999 1 EVA MRUK P00543254 9143818900 2023-12-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SIMON A WILLIAMS 355 DUCK POND ROAD LOCUST VALLEY NY 11560 25200662 0 X WWW.PORTLEDGE.ORG X 1965 NY PORTLEDGE SCHOOL PROVIDES EDUCATION AND EXTRA-CURRICULAR PROGRAMMING FOR STUDENTS IN NURSERY TO 12TH GRADE. 18 16 307 49 0 0 3611186 2209018 20367782 21885252 105161 262736 125438 295474 24209567 24652480 3193897 3362675 0 0 14064963 15227958 0 0 662494 5151159 5223686 22410019 23814319 1799548 838161 33192625 35750915 14800420 16085319 18392205 19665596 X PORTLEDGE SCHOOL OFFERS A COMPETITIVE COLLEGE PREPARATORY PROGRAM IN A WARM, INCLUSIVE COMMUNITY. STUDENTS ARE INSPIRED TO REALIZE THEIR INDIVIDUAL POTENTIAL BY DEVELOPING THE CRITICAL THINKING SKILLS AND MORAL COURAGE NECESSARY FOR LIFELONG LEARNING IN AN INCREASINGLY COMPLEX WORLD. 0 0 18939651 3362675 21963940 THE PORTLEDGE SCHOOL PROVIDES EDUCATIONAL SERVICES FOR NURSERY THROUGH GRADE 12 ACADEMIC INSTRUCTION, AFTER SCHOOL PROGRAMS THAT INCLUDE SPORTS, ARTS, AND TYPICALLY A SUMMER PROGRAM. HOWEVER DUE TO COVID-19 THE SUMMER PROGRAM WAS NOT OFFERED IN FISCAL YEAR 2023. DURING ITS FISCAL YEAR THE ORGANIZATION SERVED 544 STUDENTS.PORTLEDGE SCHOOL HAS THE FOLLOWING PROGRAMS:FOR CHILDREN IN PRE-KINDERGARTEN THROUGH EIGHTH GRADE, AFTER SCHOOL ADVENTURES PROVIDE MANY OPPORTUNITIES FOR CREATIVE LEARNING AND MAKING NEW FRIENDS BEYOND THE SCHOOL DAY. OUR SUMMER ADVENTURES PROGRAM IS OPEN TO PORTLEDGE AND NON-PORTLEDGE STUDENTS. THE PROGRAM OFFERINGS ARE WIDE AND VARIED AND COVER ATHLETICS, THE ARTS, TECHNOLOGY AND SCIENCE. NEW PROGRAMS ARE DEVELOPED CONTINUOUSLY TO MEET THE EXPANDING INTERESTS OF OUR STUDENTS, INCLUDING NANOTECHNOLOGY AT NEW YORK INSTITUTE OF TECHNOLOGY AND NEUROSCIENCE AT WINTHROP HOSPITAL FOR UPPER SCHOOL-AGE STUDENTS. 18939651 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 29 0 307 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 16 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X RAMONA OWENS CFO 5166711475 355 DUCK POND ROAD LOCUST VALLEY NY 11560 MARY ELLEN MOONEY PRESIDENT 8.00 X X 0 0 0 CLAUDE A BAHNIK VICE PRESIDENT 6.00 X X 0 0 0 LINDSEY BARNETT VICE PRESIDENT 6.00 X X 0 0 0 DONALD D WILSON TREASURER 6.00 X X 0 0 0 DONNA BURKE SECRETARY 4.00 X X 0 0 0 ANDREA CARLSEN TRUSTEE 2.00 X 0 0 0 JOEL FRIEDMAN TRUSTEE 2.00 X 0 0 0 MICHAEL GLANZBERG TRUSTEE 2.00 X 0 0 0 PETER GUO TRUSTEE 2.00 X 0 0 0 YONG LEE TRUSTEE 2.00 X 0 0 0 AMY LITTMAN TRUSTEE 2.00 X 0 0 0 LUIS MARCOS TRUSTEE 2.00 X 0 0 0 DR KEVIN MERCIER TRUSTEE 2.00 X 0 0 0 KATIE ROTOLO TRUSTEE 2.00 X 0 0 0 DAVID SCHAMIS TRUSTEE 2.00 X 0 0 0 DORTHE TATE TRUSTEE 2.00 X 0 0 0 ELIZABETH VENUTI TRUSTEE 2.00 X 0 0 0 SHAWNEE WARFIELD TRUSTEE 2.00 X 0 0 0 SIMON A WILLIAMS HEAD OF SCHOOL 40.00 X 540085 0 122379 RAMONA OWENS CHIEF FINANCIAL OFFICER FROM 9.22 40.00 X 60814 0 724 CHRIS DISIMILE MS/US DIVISION HEAD 40.00 X 174671 0 75772 KAREN CROWLEY ASST. HEAD OF SCHOOL 40.00 X 206770 0 59500 SARALYN LAWN LOWER SCHOOL DIVISION HEAD 40.00 X 179992 0 76286 TARA ASKELAND ADVANCEMENT DIRECTOR 40.00 X 159354 0 40089 MICHAEL COOPE ADMISSIONS DIRECTOR 40.00 X 163783 0 46160 SARAH SCHWAM CONTROLLER/DIRECTOR OF OPERATIONS 40.00 X 202818 0 80557 PETER COX DIRECTOR OF INFORMATION TECH 40.00 X 128297 0 70098 PATRICIA RIGG INTERNATIONAL BACCALAUEATE COOR. 40.00 X 113426 0 72625 TRACI DOUGLAS DIRECTOR OF DEI 40.00 X 131450 0 33471 RICHARD FIOTO MAINTENANCE DIRECTOR 40.00 X 120150 0 6265 MORGAN NEEMS DIRECTOR OF HUMAN RESOURCES 40.00 X 116209 0 0 BETTY FUCHS FORMER CHIEF FINANCIAL OFFICER 0.00 X 133294 0 13055 2431113 0 696981 19 1 1 0 DHI CONSTRUCTION 300 MARCUS AVENUE SUITE 1W12 LAKE SUCCESS NY 11402 CONSTRUCTION SERVICES 1604300 CULINART GROUP 175 SUNNYSIDE BLVD SUITE 200 PLAINVIEW NY 11803 FOOD SERVICES 700411 PETER GISOLFI ASSOCIATES 566 WARBURTON AVENUE HASTINGS ON HUDSON NY 10706 ARCHITECT SERVICES 367415 BOCCIA 168 BROADWAY AVE GARDEN CITY PARK NY 11040 CONSTRUCTION SERVICES 268875 SAHN WARD BRAFF KOBLENZ PLLC 333 EARLE OVINGTON BLVD SUITE 601 UNIONDALE NY 11553 LEGAL 111087 6 274924 587225 1346869 158818 2209018 TUITION 611710 21297929 21297929 AUXILIARY SERVICES 611710 587323 587323 21885252 262403 262403 172122 0 172122 172122 172122 248307 247974 333 333 333 219306 274924 174642 44664 44664 204254 125566 78688 78688 24652480 21963940 0 479522 3362675 3362675 2378870 415144 1751659 212067 110096 110096 9540197 8420951 988835 130411 424272 374245 45190 4837 1955598 1687882 217936 49780 818925 625648 170708 22569 21832 16375 4366 1091 61915 46436 12383 3096 269486 229648 39549 289 64018 50977 13041 404827 313117 77060 14650 295492 295492 325521 244141 81380 556035 407575 148460 72774 7997 48272 16505 142656 102774 31906 7976 1031586 777908 202942 50736 314678 236008 62936 15734 FOOD EXPENSES 677699 508657 134735 34307 INSTRUCTIONAL EXPENSES 493421 456214 3480 33727 REPAIRS AND MAINTENANCE 369175 296055 58495 14625 MISCELLANEOUS EXPENSES 40594 4613 35981 81977 44924 37053 23814319 18939651 4212174 662494 1984557 1060063 8606934 8509173 1261104 1090076 352668 531354 570424 298838 32577092 13866110 16106550 18710982 3075661 4528691 1234727 1021738 33192625 35750915 1648623 1899853 8468583 9436951 4683214 4748515 14800420 16085319 X 8733697 9266205 9658508 10399391 18392205 19665596 33192625 35750915 838161 438563 -3333 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3271391 794093 534732 4600216 3470388 325689 -524686 3271391 2775232 30276 766941 102061 3470388 2657105 10000 104959 93000 2775232 2529784 112600 32319 17598 2657105 0.25118 0.28104 0.46778 0 0 120800 120800 23903813 9863862 14039951 3975976 3404569 571407 4576503 597679 3978824 18710982 X 21034006 438563 235278 673841 20360165 4292315 4292315 24652480 19760615 238611 238611 19522004 4292315 4292315 23814319 PART V, LINE 4: EARNINGS ON THE ENDOWMENT FUNDS SHALL BE USED TO PROVIDE FOR BUILDINGS AND GROUNDS, FACULTY COMPENSATION AND STUDENT SCHOLARSHIPS. PART X, LINE 2: THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 125,566. RECLASS OF SPECIAL EVENT EXPENSES TO PART VIII, LINE 8B 109,712. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF TUITION EXPENSE TO PART IX 4,292,315. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 125,566. WRITE OFF CAPITAL CAMPAIGN PLEDGES RECEIVABLES 3,333. RECLASS OF SPECIAL EVENT EXPENSES TO PART VIII, LINE 8B 109,712. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF TUITION EXPENSE TO PART IX 4,292,315. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS NONDISCRIMINATORY POLICY ON THE HOMEPAGE OF ITS WEBSITE. THE SCHOOL IS A MEMBER OF THE NY STATE ASSOCIATION OF INDEPENDENT SCHOOLS (NYSAIS). NYSAIS PUBLISHES ITS RACIAL NON-DISCRIMINATORY POLICY AND LISTS EACH MEMBER SCHOOL, ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED FUNDING FROM NYS DEPARTMENT OF EDUCATION AND THE FEDERAL EMERGENCY MANAGEMENT SERVICES. ANNUAL GALA 471173 256942 214231 37975 2000 121519 CHAMPIONS FOR CHARITY 16857 16857 1 6200 1125 5075 13148 494230 274924 219306 37975 2000 134667 174642 44664 1 FINANCIAL AID 154 3007457 MERIT SCHOLARSHIPS 44 219998 TUITION DISCOUNTS 17 135220 PART I, LINE 2: RECIPIENTS OF FINANCIAL ASSISTANCE ARE NOT GIVEN FUNDS BUT RECEIVE A DISCOUNT ON THEIR TUITION PRICE. THEREFORE, THEY ARE UNABLE TO USE THE FUNDS FOR ANY OTHER PURPOSE. INTERESTED APPLICANTS FOR FINANCIAL ASSISTANCE MUST COMPLETE AN APPLICATION THROUGH SMART AID WHICH DETERMINES THE LEVEL OF NEED OF A FAMILY. AWARDS AMOUNTS ARE DETERMINED BY THE FINANCIAL ASSISTANCE COMMITTEE AFTER REVIEW OF THE APPLICATION. X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 SIMON A WILLIAMS HEAD OF SCHOOL 441085 0 87000 0 12000 0 53005 0 69374 0 662464 0 0 0 SARAH SCHWAM CONTROLLER/DIRECTOR OF OPERATIONS 202818 0 0 0 0 0 7000 0 73557 0 283375 0 0 0 KAREN CROWLEY ASST. HEAD OF SCHOOL 206770 0 0 0 0 0 9660 0 49840 0 266270 0 0 0 SARALYN LAWN LOWER SCHOOL DIVISION HEAD 179992 0 0 0 0 0 9025 0 67261 0 256278 0 0 0 CHRIS DISIMILE MS/US DIVISION HEAD 174671 0 0 0 0 0 5478 0 70294 0 250443 0 0 0 MICHAEL COOPE ADMISSIONS DIRECTOR 150783 0 13000 0 0 0 11467 0 34693 0 209943 0 0 0 TARA ASKELAND ADVANCEMENT DIRECTOR 159354 0 0 0 0 0 8360 0 31729 0 199443 0 0 0 PETER COX DIRECTOR OF INFORMATION TECH 128297 0 0 0 0 0 6768 0 63330 0 198395 0 0 0 PATRICIA RIGG INTERNATIONAL BACCALAUEATE COOR. 113426 0 0 0 0 0 6231 0 66394 0 186051 0 0 0 TRACI DOUGLAS DIRECTOR OF DEI 131450 0 0 0 0 0 13272 0 20199 0 164921 0 0 0 BETTY FUCHS FORMER CHIEF FINANCIAL OFFICER 133294 0 0 0 0 0 5834 0 7221 0 146349 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, SIMON OWEN-WILLIAMS, THE HEAD OF SCHOOL, MAINTAINS A PRINCIPAL RESIDENCE ON CAMPUS WHICH IS INCLUDED AS PART OF HIS NONTAXABLE BENEFITS. THE SCHOOL ALSO PROVIDED THE HEAD OF SCHOOL'S RESIDENCE WITH HOUSEHOLD SERVICES AND UPKEEP, INCLUDING UTILITIES, CLEANING, LANDSCAPING, LAWN MAINTENANCE, AND OTHER SIMILAR EXPENDITURES. THE HOUSING AND THE UPKEEP OF THE RESIDENCE IS NONTAXABLE TO THE INDIVIDUAL. IN ADDITION, THE HEAD OF SCHOOL'S CAR WAS GROSSED UP FOR TAXES. PART I, LINE 7 CERTAIN INDIVIDUALS RECEIVED BONUSES LISTED IN PART II, COLUMN B(II) THAT WERE DISCRETIONARY AND INCLUDED IN TAXABLE WAGES. IN ADDITION, A FIXED BONUS OF $42,000 WAS PAID IN THE HEAD OF SCHOOL, AND IS ALSO BEING INCLUDED IN PART II (COLUMN B). A NASSAU COUNTY LOCAL ECONOMIC ASSISTANCE 274291221 000000000 2023-05-16 5800000 ATHLETIC & WELLNESS CENTER AND RENOVATE CAMPUS 0 0 0 B NASSAU COUNTY LOCAL ECONOMIC ASSISTANCE 274291221 000000000 2021-09-23 5210000 REFINANCING 2018 MORTGAGE & CAMPUS DEFERRED MAINTENANCE 0 0 0 A 5800000 196587 5603413 0 0 0 1 B 117592 5210000 10968 1000000 4199032 2022 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 1 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 0 B 0 95242 FINANCIAL AID REDUCED TUITION CANDACE MARY OWEN-WILLIAMS FAMILY MEMBER OF HEAD OF SCHOOL 110096 EMPLOYMENT 0 X 4 44657 AVG. SELLING PRICE X AUCTION GIFT ITEMS 198 109712 COST X EQUIPMENT 1 4449 COST 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. FORM 990, PART VI, SECTION A, LINE 2 KEVIN MERCIER AND CLAUDE BAHNIK HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS A PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE FINANCE COMMITTEE AND THE TREASURER REVIEW THE FORM 990 AND MAKE A RECOMMENDATION TO THE BOARD TO APPROVE THE RETURN. THE BOARD IS PROVIDED A PUBLIC INSPECTION COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS (SCHEDULE B IS REDACTED FROM THE COPY REVIEWED BY THE BOARD). FORM 990, PART VI, SECTION B, LINE 12C PORTLEDGE SCHOOL HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IT REGULARLY MONITORS AND ENFORCES. THE TRUSTEE IS EXPECTED TO DISCLOSE IN WRITING THE EXISTENCE OF THE CONFLICT IF A CONFLICT ARISES. THE ORGANIZATION REQUIRES EACH TRUSTEE TO SIGN AND DISCLOSE ANY CONFLICT EACH YEAR TO STAY IN COMPLIANCE TO ENSURE THAT THEY ARE EXERCISING THEIR DUTIES TO THE ORGANIZATION IN GOOD FAITH. IF A CONFLICT SHOULD ARISE IT WILL BE REVIEWED BY THE GOVERNANCE COMMITTEE. THE GOVERNANCE COMMITTEE WILL REVIEW THE CONFLICT AND RECOMMEND TO THE BOARD WHETHER ANY ACTION SHOULD BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND DETERMINES COMPENSATION OF THE HEAD OF SCHOOL. MARKET ANALYSIS IS PERFORMED USING COMPARABILITY DATA FROM FORMS 990 OF OTHER ORGANIZATIONS AND INDUSTRY SURVEYS, INCLUDING SALARY LEVELS OF MEMBER SCHOOLS PART OF THE NEW YORK STATE ASSOCIATION OF INDEPENDENT SCHOOLS AND NATIONAL BUSINESS OFFICERS ASSOCIATION. THE DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES FOR RECORDS. THIS PROCESS IS REVIEWED EVERY THREE YEARS. THE OTHER EMPLOYEES COMPENSATION IS REVIEWED BY THE HEAD OF SCHOOL WITH CONSULTATION OF THE CHIEF FINANCIAL OFFICER. DURING THIS PROCESS, COMPARABILITY DATE FROM THE NEW YORK STATE ASSOCIATION OF INDEPENDENT SCHOOLS AND NATIONAL BUSINESS OFFICERS ASSOCIATION IS USED IN THE PROCESS. THIS PROCESS WAS LAST UNDERTAKEN IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST.