2023-12-22T14:06:00-06:00 2021-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2020-07-01 135600423 STATEN ISLAND ACADEMY STAT 7189878100 715 TODT HILL RD STATEN ISLAND NY 10304 EILEEN F CORIGLIANO HEAD OF SCHOOL 7189878100 2023-08-15 1 EILEEN CORIGLIANO XXX-XX-XXXX GARRETT M HIGGINS P00543209 9143818900 2023-12-13 0 AAL1 IAL1 2020 2023-04-26 12:10:37Z X EILEEN F CORIGLIANO 715 TODT HILL RD STATEN ISLAND NY 10304 12887555 0 X STATENISLANDACADEMY.ORG X 1908 NY STATEN ISLAND ACADEMY (SIA) IS AN INDEPENDENT, CO-EDUCATIONAL, COLLEGE PREP SCHOOL FOR PRE-K THROUGH GRADE 12. 22 18 136 36 1737 0 511105 609687 13320173 11674643 70955 45520 208450 70170 14110683 12400020 3280618 2724192 0 0 8251941 8424937 0 0 383455 2191245 1955332 13723804 13104461 386879 -704441 22863224 27282336 5149326 7725301 17713898 19557035 X THE MISSION OF STATEN ISLAND ACADEMY'S PATRICK ACADEMIC RESOURCE CENTER (PARC) IS TO SUPPORT OUR LEARNING COMMUNITY-AT-LARGE BY ENSURING THAT ALL STUDENTS ARE ASSISTED IN PURSUIT OF THEIR GOALS OF INTELLECTUAL CHALLENGE, ACADEMIC INDEPENDENCE AND TO BECOME LIFELONG LEARNERS. 0 0 9926471 2724192 11649833 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. THE PATRICK ACADEMIC RESOURCE CENTER (PARC) WAS LAUNCHED IN SEPTEMBER 2013. IT IS A CUSTOM-DESIGNED, FULLY EQUIPPED RESOURCE CENTER STAFFED BY 2 FULL-TIME LEARNING SPECIALISTS. IT SUPPORTS AND REFLECTS AWARENESS OF DIVERSELEARNING STYLES SERVING STUDENTS FROM PRE-K THROUGH GRADE 12. 61819 17560 SUMMER PROGRAM - SIA OFFERS ACADEMIC ENRICHMENT OPPORTUNITIES IN THE TALENTED AND GIFTED PROGRAM. OUR GENERAL SUMMER PROGRAM RUNS FROM LATE JUNE THROUGH LATE AUGUST AND SERVES CHILDREN AGES 3-15. THE SUMMER PROGRAM INCLUDES HEALTH, FITNESS, SCIENCE, MATH, WRITING, COMPUTERS, AND RECREATION. 55116 7250 AFTER SCHOOL PROGRAM - SIA OFFERS AN EXTENDED DAY PROGRAM FOR STUDENTS IN PRE-K THROUGH GRADE 8 BEFORE AND AFTER THE REGULAR SCHOOL DAY. STUDENTS MAY ALSO REGISTER FOR ADVENTURES SESSIONS FOR A FEE. THE PROGRAMS PROVIDE AFTER SCHOOL CARE, HOMEWORK HELP, ENRICHMENT, AND RECREATIONAL CLASSES AFTER THE REGULAR SCHOOL DAY. 10043406 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 1 26 0 136 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 NY X X EILEEN CORIGLIANO 7189878100 715 TODT HILL RD STATEN ISLAND NY 10304 X TIMOTHY C HARRISON PRESIDENT 1.00 X X 0 0 0 JOSEPH PUMA VICE PRESIDENT 1.00 X X 0 0 0 FRANK SCARANGELLO TREASURER 1.00 X X 0 0 0 ANITA W LAREMONT SECRETARY 1.00 X X 0 0 0 ROBERT ANNICHARICO TRUSTEE 1.00 X 0 0 0 LORENZO ANSUINI TRUSTEE 1.00 X 0 0 0 ANGELA ARDOLIC TRUSTEE 1.00 X 0 0 0 VICTOR P AVIS TRUSTEE 1.00 X 0 0 0 JAMES BARBARIA TRUSTEE 1.00 X 0 0 0 ELIZABETH BIFULCO TRUSTEE 1.00 X 0 0 0 STEVEN I CAPLAN TRUSTEE 1.00 X 0 0 0 JOAN CUSACK TRUSTEE 1.00 X 0 0 0 ERIC DELACRUZ TRUSTEE 1.00 X 0 0 0 ALLISON FACTOR TRUSTEE 1.00 X 0 0 0 JULIO VINCENT GAMBUTO TRUSTEE 1.00 X 0 0 0 MARK GLADSTEIN TRUSTEE 1.00 X 0 0 0 ROBERT KLEINAU TRUSTEE 1.00 X 0 0 0 MARINA MUNDY TRUSTEE 1.00 X 0 0 0 DENISE ROSSILLI TRUSTEE 1.00 X 0 0 0 MICHELLE SAVINO TRUSTEE/TEACHER 40.00 X 53105 0 27894 BHARATH SITHIAN TRUSTEE 1.00 X 0 0 0 DAMIAN SLATTERY TRUSTEE 1.00 X 0 0 0 JACQUELINE ANZUREZ CFO 40.00 X 205864 0 71192 ALBERT CAUZ HEAD OF SCHOOL 40.00 X 422922 0 156388 EILEEN CORIGLIANO ASST. HEAD OF SCHOOL 40.00 X 214955 0 29432 LEA PRENDERGAST HEAD OF LOWER SCHOOL 40.00 X 109251 0 5615 CAROLINE CRANE DIRECTOR OF ADMISSIONS 40.00 X 116101 0 19589 FRANK CRANE HEAD OF UPPER SCHOOL 40.00 X 118215 0 65000 DARLENE CROWE DIR. OF ATHLETICS & CAMP 40.00 X 130346 0 23108 ARTHUR GRINEV DIRECTOR OF IT 40.00 X 144761 0 55685 1515520 0 453903 10 0 1 0 0 121646 488041 149283 609687 TUITION FEES 611710 11649833 11649833 SUMMER CAMP 611710 17560 17560 AFTER SCHOOL PROGRAM 611710 7250 7250 11674643 2301 -1123 3424 487588 444369 43219 43219 2860 40359 36216 121646 33366 2850 2850 25000 9800 15200 15200 MISCELLANEOUS 900099 37224 37224 REIMBURSEMENTS 900099 13900 13900 TAX REFUND 900099 996 996 52120 12400020 11674643 1737 113953 2724192 2724192 1062165 767732 250589 43844 1465 1465 5363226 3876131 1265653 221442 235371 159210 65848 10313 1290692 879175 355299 56218 472018 322374 129131 20513 33238 33238 64360 64360 35439 35439 72551 35630 36895 26 72552 9944 59032 3576 265518 179010 83251 3257 77080 77080 206381 180761 24240 1380 32404 30051 2353 2159 2159 335610 293948 39418 2244 168552 147777 19656 1119 REPAIRS AND MAINTENANCE 156030 134503 20478 1049 COVID-19 EXPENSES 139387 122040 16371 976 EDUCATIONAL SUPPLIES 93663 93663 BAD DEBT EXPENSE 87276 87276 113132 8720 86914 17498 13104461 10043406 2677600 383455 5479979 7986785 2177428 2189955 1017644 719304 266452 76435 156354 182728 14452991 9728106 4437019 4724885 8978765 10913548 334277 488408 15306 288 22863224 27282336 1113114 1098008 2582006 4112449 1454206 2514844 5149326 7725301 X 13744427 15167451 3969471 4389584 17713898 19557035 22863224 27282336 -704441 2547576 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 734561 15100 178837 5531 922967 710991 15201 11326 2957 734561 633647 25300 55112 3068 710991 574389 574389 509921 6825 62718 5075 574389 0.57140 0.42860 0 0 92415 92415 8473283 4933739 3539544 4006221 3710315 295906 1881072 1084052 797020 4724885 PAYCHECK PROTECTION PROGRAM LOAN 2477212 CAPITAL LEASES 35705 EMPLOYEE LOANS 1927 2514844 X 11639689 2547576 2547576 9092113 35439 3272468 3307907 12400020 9796553 0 9796553 35439 3272468 3307907 13104460 PART V, LINE 4: THE ACADEMY'S ENDOWMENT SHALL BE USED FOR THE FACULTY EDUCATION ATHLETIC MEMORIAL AND SCHOLARSHIP PROGRAM. PART X, LINE 2: THE ACADEMY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ACADEMY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ACADEMY IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOD TO JUNE 30, 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION REMISSION REPORTED ON PART IX, LINE 9 548,276. FINANCIAL AID REPORTED ON PART IX, LINE 2 2,724,192. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REMISSION REPORTED ON PART IX, LINE 9 548,276. FINANCIAL AID REEPORTED ON PART IX, LINE 2 2,724,192. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL POSTS ITS NONDISCRIMINATORY POLICY ON ITS HOMEPAGE. IN ADDITION, 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. AUCTION 104635 80419 24216 11411 GOLF OUTING 53227 41227 12000 14700 7255 157862 121646 36216 14700 18666 33366 2850 25000 9500 300 1 1.00000 25000 9500 300 9800 15200 NY 1 0 0 0 1.00000 TERESA PELOSI 715 TODT HILL ROAD STATEN ISLAND NY 10304 0 TERESA PELOSI 1792 TERESA PELOSI'S RESPONSIBILITIES INCLUDE RECORDKEEPING, MONEY COUNTING, AND MAKING THE BANK DEPOSITS FOR THE GAMING OPERATION. X 0 1 MERIT SCHOLARSHIPS 32 922230 TUITION DISCOUNTS 32 48545 FINANCIAL AID 167 1751667 PART I, LINE 2: STATEN ISLAND ACADEMY FOLLOWS SPECIFIC GUIDELINES, POLICIES, AND PROCEDURES TO DETERMINE NEED BASED FINANCIAL AID AWARDS, SCHOLARSHIPS, AND FACULTY GRANTS. AWARDS BASED ON FINANCIAL NEED ARE DETERMINED BY ASSESSMENT OF THE 555 APPLICATION, TAX RETURNS, AND RELATED FINANCIAL DOCUMENTATION. SCHOLARSHIPS ARE DETERMINED BY ASSESSMENT OF PERFORMANCE ON THE SCHOLARSHIP EXAM AND THEN ADMISSIONS APPLICATION. THE FINANCIAL AID COMMITTEE DETERMINES SCHOLARSHIP RECIPIENTS. FACULTY GRANTS ARE SUBJECT TO SCHOOL POLICY APPROVED BY THE BOARD OF TRUSTEES. X X 0 0 X X X X 0 0 0 0 0 0 0 1 0 ALBERT CAUZ HEAD OF SCHOOL 371422 0 32000 0 19500 0 21146 0 135242 0 579310 0 0 0 JACQUELINE ANZUREZ CFO 205864 0 0 0 0 0 10293 0 60899 0 277056 0 0 0 EILEEN CORIGLIANO ASST. HEAD OF SCHOOL 214955 0 0 0 0 0 10748 0 18684 0 244387 0 0 0 ARTHUR GRINEV DIRECTOR OF IT 144761 0 0 0 0 0 7344 0 48341 0 200446 0 0 0 FRANK CRANE HEAD OF UPPER SCHOOL 118215 0 0 0 0 0 6363 0 58637 0 183215 0 0 0 DARLENE CROWE DIR. OF ATHLETICS & CAMP 130346 0 0 0 0 0 6517 0 16591 0 153454 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, ALBERT CAUZ, 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 MAINTENANCE AND REPAIRS, CLEANING, UPKEEP OF THE GROUNDS, UTILITIES AND OTHER SIMILAR EXPENDITURES. THE HOUSING AND THE UPKEEP OF THE RESIDENCE IS NONTAXABLE TO THE INDIVIDUAL. THE VALUE OF THE HOUSING WAS $48,000 FOR CALENDAR YEAR 2020. PART I, LINE 7 THE FOLLOWING INDIVIDUALS RECEIVED A DISCRETIONARY BONUS IN THEIR W-2: ALBERT CAUZ $32,000 SCHEDULE J, PART II, COLUMN D: ALBERT CAUZ, FRANK CRANE, AND ARTHUR GRINEV RECEIVED TUITION REMISSION FROM THE ORGANIZATION FOR THEIR CHILDREN THAT ATTENDED STATEN ISLAND ACADEMY, WHICH IS ALSO BEING REPORTED IN COLUMN D. IN THE CALENDAR YEAR 2020, ALBERT CAUZ RECEIVED $26,343, FRANK CRANE RECEIVED $26,343, AND ARTHUR GRINEV RECEIVED $48,341 IN TUITION REMISSION. 57028 FINANCIAL AID DISCOUNTED TUITION BOB MIMS HEATING AIR CONDITIONING FRANK SCARANGELLO, BOARD MEMBER IS A 50% OWNER 148800 PROVIDED HVAC MAINTENANCE 0 X 3 149283 AVG. SELLING PRICE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B STATEN ISLAND ACADEMY HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO ELECTION OR APPOINTMENT OF ANY BOARD MEMBER AND OFFICERS, THEY 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. BOARD MEMBERS AND OFFICERS ARE ALSO REQUIRED TO SUBMIT A CONFLICT OF INTEREST QUESTIONNAIRE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL IS EVALUATED ANNUALLY BY THE BOARD OF TRUSTEES. COMPENSATION DATA FROM NY STATE ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) FOR SIMILAR INDEPENDENT SCHOOLS IS CONSIDERED. THIS PROCESS WAS DONE IN FISCAL 2017 TO APPROVE THE FISCAL 2018 CONTRACT FOR SALARY, WHICH IS A 10 YEAR CONTRACT FOR THE HEAD OF SCHOOL. 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 FORM 1023, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART VII, SECTION A: MICHELLE SAVINO IS NOT RECEIVING COMPENSATION AS PAYMENT FOR BEING A BOARD MEMBER. SHE IS A TEACHER AT THE SCHOOL AND RECEIVES COMPENSATION FOR THOSE SERVICES PROVIDED. NO COMPENSATION WAS PROVIDED TO AN INDIVIDUAL FOR SERVICES AS A BOARD MEMBER. FORM 990, PART XII, LINE 2C: THE ACADEMY HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. FORM 990, LINE B, AMENDED RETURN: AT THE TIME OF THE ORIGINAL FILING, THE AUDITED FINANCIAL STATEMENTS WERE NOT READY. DUE TO THE ISSUANCE OF THE FINANCIAL STATEMENTS, THE RETURN HAS BEEN AMENDED, AND THE FOLLOWING SECTIONS CHANGED: 1. PAGE 1, BOX G: GROSS RECEIPTS WAS UPDATED TO REFLECT THE UPDATED REVENUE REPORTED IN PART VIII. 2. PART I, LINES 8-22 (CURRENT YEAR): THESE AMOUNTS WERE UPDATED TO REFLECT THE CHANGES REPORTED IN THEIR RESPECTIVE PARTS OF THE RETURN. 3. PART III, LINE 4A, 4B, 4C: THE TOTAL PROGRAM EXPENSES AND REVENUE WERE UPDATED TO AGREE TO PART VIII AND PART IX. 4. PART IV, LINE 11F AND 12A: CHECKED YES BASED ON THE ISSUANCE OF THE AUDITED FINANCIAL STATEMENTS. 5. PART VIII: STATEMENT OF REVENUE WAS UPDATED TO AGREE TO THE AUDITED FINANCIAL STATEMENTS. 6. PART IX, STATEMENT OF FUNCTIONAL EXPENSES: WAS UPDATED TO AGREE WITH THE REVISED FUNCTIONAL ALLOCATION INCLUDED IN THE ISSUED FINANCIAL STATEMENTS. 7. PART X: THE BALANCE SHEET WAS UPDATED TO AGREE TO THE ISSUED FINANCIAL STATEMENTS. 8. PART XI: THE RECONCILIATION OF NET ASSETS WAS REVISED TO AGREE TO THE UPDATED STATEMENT OF REVENUE AND STATEMENT OF FUNCTIONAL EXPENSES. A PRIOR PERIOD ADJUSTMENT WAS ADDED TO ADJUST FOR THE CHANGE IN OPENING NET ASSETS WHICH WAS RESTATED AS PART OF THE ISSUED FINANCIAL STATEMENTS. 9. PART XII, LINE 2B: THIS QUESTION WAS UPDATED TO REFLECT THAT AUDITED FINANCIAL STATEMENTS WERE PREPARED. 11. THE FOLLOWING SECTIONS IN SCHEDULE D WERE UPDATED TO AGREE WITH THE CHANGES FROM THE ISSUED FINANCIAL STATEMENTS: PART V, VI, PART IX, PART X, PART XI, PART XII AND PART XIII. 12. SCHEDULE G WAS UPDATED TO REFLECT THE CHANGES IN AUDITED FINANCIAL STATEMENTS.