2024-04-23T22:40:50-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 878 VETERANS MEMORIAL HWY 4TH FLOOR HAUPPAUGE NY 11788 990 2022-07-01 111633568 GREEN VALE SCHOOL GREE 5166212420 250 VALENTINES LANE OLD BROOKVILLE NY 11545 JESSE DOUGHERTY EDD HEAD OF SCHOOL 5166242420 2024-04-23 1 JESSE DOUGHERTY EDD XXX-XX-XXXX 1 MELISSA MODELSON P01603524 6314349500 2024-04-23 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JESSE DOUGHERTY EDD 250 VALENTINES LANE OLD BROOKVILLE NY 11545 21119403 0 X WWW.GREENVALESCHOOL.ORG X 1923 NY TO PROVIDE EDUCATION TO STUDENTS 19 19 200 50 0 0 2623908 2070996 14933561 16255034 1239046 1271086 24572 -400140 18821087 19196976 929150 933600 0 0 12323165 13270942 0 15000 292457 4817159 4492870 18069474 18712412 751613 484564 60458045 62578116 4134031 4166041 56324014 58412075 THE GREEN VALE SCHOOL PROVIDES A COMPLETE EDUCATIONAL PROGRAM FOR STUDENTS IN GRADES NURSERY THROUGH EIGHT. 0 0 14059882 933600 16252972 THE GREEN VALE SCHOOL IS AN EDUCATIONAL FACILITY FOR GRADE LEVELS NURSERY THROUGH GRADE EIGHT. STUDENT ENROLLMENT FOR THIS ACADEMIC YEAR WAS 465. 14059882 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 21 0 200 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X RICHARD HIRT 5166212420 250 VALENTINES LANE OLD BROOKVILLE NY 11545 CHRISTOPHER L GARCIA PRESIDENT 5.00 X X 0 0 0 TODD EDGAR VICE PRESIDENT 1.00 X X 0 0 0 JEFFREY L BUSCONI TREASURER 1.00 X X 0 0 0 KEARNEY H STANIFORD VICE PRESIDENT 1.00 X X 0 0 0 SHARON CRANE SECRETARY 1.00 X X 0 0 0 BRENDAN O'BRIEN TRUSTEE 1.00 X 0 0 0 JOHN KOSKI TRUSTEE 1.00 X 0 0 0 EMILY PIDOT TRUSTEE 1.00 X 0 0 0 JAMES BEARD TRUSTEE 1.00 X 0 0 0 KONRAD P SCHWARZ TRUSTEE 1.00 X 0 0 0 MELISSA A MEISTER TRUSTEE 1.00 X 0 0 0 MICHELLE ELLIOTT GOKEY TRUSTEE 1.00 X 0 0 0 WILLIAM MORTON TRUSTEE 1.00 X 0 0 0 VALERIE OHRSTROM TRUSTEE 1.00 X 0 0 0 EMMA QIN TRUSTEE 1.00 X 0 0 0 GWENDOLYN GILLIES TRUSTEE 1.00 X 0 0 0 HARI R RAJAN TRUSTEE 1.00 X 0 0 0 KATE DOERGE TRUSTEE 1.00 X 0 0 0 TAYLOR T ROBINSON TRUSTEE 1.00 X 0 0 0 DR JESSE DOUGHERTY HEAD OF SCHOOL 50.00 X 522911 0 138910 RICHARD HIRT DIRECTOR OF FINANCE 40.00 X 310804 0 23399 NARINDER BHALLA ASSOCIATE HEAD OF SCHOOL 40.00 X 195484 0 125010 MARKO PACIC DIRECTOR OF IT 40.00 X 161368 0 64527 SCOTT SAPERSTEIN DIRECTOR OF FACILITIES 40.00 X 139404 0 29132 ANNE TEWES CONTROLLER 40.00 X 146357 0 28565 JULIE ROONEY TEACHER 40.00 X 136700 0 11138 HEATHER WAGNER HEAD OF LOWER SCHOOL 40.00 X 133000 0 4282 LINDA S GARDINER FORMER ASST HEAD OF SCHOOL 0.00 X 151642 0 0 1897670 0 424963 13 1 1 0 DYNAMIC AIR CONDITIONING COMPANY 98 MAHAN STREET WEST BABYLON NY 11704 AIR CONDITION INSTALLATION 247677 PARSONS COMMERCIAL LLC 665 COMMERCIAL AVENUE GARDEN CITY NY 11530 FLOORING INSTALLATION 118741 2 833686 239495 997815 90789 2070996 TUITION 611710 15729902 15729902 AFTERNOON PROGRAMS 611710 161022 161022 STUDENT ACTIVITIES 611710 152631 152631 AUXILIARY INCOME 611710 93718 93718 PARENTS ASSOCIATION 611710 76157 76157 41604 41604 16255034 1289271 1289271 112754 0 112754 112754 112754 1086510 1104695 -18185 -18185 -18185 224789 833686 813224 -588435 -588435 2446 4508 -2062 -2062 MISCELLANEOUS INCOME 900099 77603 77603 77603 19196976 16252972 0 873008 933600 933600 1321840 1321840 9000895 7470960 1353935 176000 337087 296282 33825 6980 1877508 1549569 291434 36505 733612 545166 175603 12843 14515 14515 82950 82950 15000 15000 161994 161994 151233 23548 126886 799 114627 9046 105581 160469 51071 109398 205583 189557 16026 673162 621304 51858 44907 13469 31438 91180 36358 53965 857 1127546 1014791 112755 230610 230610 FOOD SERVICES 408765 408765 AUXILIARY SERVICES 392606 357338 32998 2270 STUDENT TRIPS & ACTIVIT 380946 380946 REPAIRS AND MAINTENANCE 108978 98080 10898 142799 60032 41564 41203 18712412 14059882 4360073 292457 3898513 3508053 356574 371721 1124409 225977 162125 388274 80000 0 39316409 17280928 22157317 22035481 30096063 33990599 1972969 2058011 610075 60458045 62578116 1548386 1304445 2585645 2641960 0 219636 4134031 4166041 X 48171651 50739688 8152363 7672387 56324014 58412075 60458045 62578116 X 484564 2444859 -841362 X X 0 1 X 1 0 X 2230605 1445417 1176550 2623908 2070996 9547476 2230605 1445417 1176550 2623908 2070996 9547476 389481 9157995 882946 835185 1910602 1334776 1402025 6365534 307836 273324 63168 644328 15686 31407 53109 40793 77603 218598 16775936 72004167 0.54590 0.52500 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: BAD DEBT RECOVERY - 2018 AMOUNT: $ 15,686. 2019 AMOUNT: $ 31,407. 2020 AMOUNT: $ 53,109. 2021 AMOUNT: $ 40,793. MISCELLANEOUS INCOME - 2022 AMOUNT: $ 77,603. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 30359025 3479578 11875 33826728 34370907 -3644779 367103 30359025 28545063 6257907 432063 34370907 27867355 860292 182584 28545063 27220819 1639361 992825 27867355 0.83934 0.15399 0.00667 0 0 214966 214966 37037429 15869786 21167643 769245 291364 477881 164140 59865 104275 1130629 1059913 70716 22035481 ERC LIABILITY 219636 219636 X 20564689 2444859 632217 3077076 17487613 161994 1547369 1709363 19196976 18476628 1473579 1473579 17003049 161994 1547369 1709363 18712412 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF SEVERAL DONOR-RESTRICTED ENDOWMENT FUNDS AND BOARD DESIGNATED FUNDS ESTABLISHED FOR EDUCATIONAL AND GENERAL OPERATIONS NEEDS 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: CENTENNIAL EXPENSES REPORTED ON PART VIII, LINE 8B: 603,109. GAIN ON DISPOSAL OF ASSETS REPORTED ON PART XI, LINE 9: 24,600. COGS REPORTED ON PART VIII, LINE 10B: 4,508. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED ON PART IX, LINE 2: 933,600. PARENTS ASSOCIATION EXPENSE REPORTED ON PART IX, LINE 24: 60,032. CENTENNIAL INCOME REPORTED ON PART VIII, LINE 8A: 553,737. PART XII, LINE 2D - OTHER ADJUSTMENTS: CENTENNIAL EXPENSES REPORTED ON PART VIII, LINE 8B: 603,109. WRITE OFF OF UNCOLLECTIBLE PLEDGES REPORTED ON PART XI, LINE 9: 865,962. COGS REPORTED ON PART VIII, LINE 10B: 4,508. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED ON PART IX, LINE 2: 933,600. PARENTS ASSOCIATION EXPENSE REPORTED ON PART IX, LINE 24: 60,032. CENTENNIAL INCOME REPORTED ON PART VIII, LINE 8A: 553,737. 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 NON DISCRIMINATION POLICY IN SEVERAL LOCAL NEWSPAPERS. IN ADDITION, THE SCHOOL DISCLOSES THE NON DISCRIMINATION POLICY UNDER THE ADMISSIONS SECTION OF ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED GOVERMENT AID FROM THE NYS DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 2058011 0 0 0 0 0 0 2058011 0 2058011 1 0 1 0 0 0 PART III ACCOUNTING METHOD: PART IV, FOREIN FORMS, LINE 1 & 3: THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 BECAUSE IT DOES NOT MEET THE APPLICABLE THRESHOLD OWNERSHIP REQUIREMENT. THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 926 BECAUSE IT DOES NOT MEET THE FILING REQUIREMENTS. CENTENNIAL 553737 434737 119000 407400 195709 ANNUAL GALA 504738 398949 105789 90789 50221 69105 1058475 833686 224789 90789 457621 264814 813224 -588435 1 FINANCIAL AID 49 933600 PART I, LINE 2: FINANCIAL AID IS DETERMINED BASED ON QUESTIONNAIRES COMPLETED BY FAMILIES AND SENT TO THE SCHOOL AND STUDENT SERVICES, A SUBSIDIARY OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE SCHOOL AND STUDENT SERVICES USES THE COMPLETED QUESTIONNAIRES TO DETERMINE WHICH FAMILIES SHOULD BE ELIGIBLE FOR FINANCIAL AID AND THE MAXIMUM AMOUNT OF TUITION THAT THE FAMILIES CAN AFFORD. THE DIRECTOR OF FINANCE AND THE HEAD OF SCHOOL DETERMINE THE AMOUNT OF NEED-BASED FINANCIAL AID TO BE PROVIDED TO EACH STUDENT. THE TUITION REQUESTS SENT TO THE STUDENTS RECEIVING FINANCIAL AID ARE FOR TUITION COSTS LESS THE AMOUNT OF FINANCIAL AID AWARDED. X 1 1 X X X X 1 0 0 0 0 0 0 1 0 DR JESSE DOUGHERTY HEAD OF SCHOOL 388000 0 50000 0 84911 0 30250 0 108660 0 661821 0 0 0 RICHARD HIRT DIRECTOR OF FINANCE 288304 0 22500 0 0 0 20335 0 3064 0 334203 0 0 0 NARINDER BHALLA ASSOCIATE HEAD OF SCHOOL 185484 0 10000 0 0 0 9950 0 115060 0 320494 0 0 0 MARKO PACIC DIRECTOR OF IT 161368 0 0 0 0 0 8080 0 56447 0 225895 0 0 0 ANNE TEWES CONTROLLER 140357 0 6000 0 0 0 10014 0 18551 0 174922 0 0 0 SCOTT SAPERSTEIN DIRECTOR OF FACILITIES 139404 0 0 0 0 0 3550 0 25582 0 168536 0 0 0 LINDA S GARDINER FORMER ASST HEAD OF SCHOOL 0 0 0 0 151642 0 0 0 0 0 151642 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, CERTAIN EMPLOYEES ARE REQUIRED BY CONTRACT TO LIVE ON CAMPUS AND ARE PROVIDED HOUSING OWNED BY THE SCHOOL. LISTED EMPLOYEES WHO RECEIVED HOUSING ARE: DR. JESSE DOUGHERTY $48,000, AND SCOTT SAPERSTEIN, $25,000. THE VALUE OF THIS HOUSING IS TREATED AS A NONTAXABLE BENEFITS. PART I, LINE 4A LINDA GARDINER RECEIVED $151,642 OF SEVERANCE PAY WHICH WAS REPORTED IN HER 2022 W-2. PART I, LINE 7 THE SCHOOL PAID DISCRETIONARY BONUSES TO CERTAIN INDIVIDUALS LISTED IN PART II AS REPORTED IN COLUMN B (II) FOR THE APPLICABLE INDIVIDUALS. X AUCTION ITEMS 196 90789 COST 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN B. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION 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 THE DIRECTOR OF FINANCE AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO ALL BOARD MEMBERS OF THE ORGANIZATION TO BE COMPARED AGAINST THE BOARD OF TRUSTEE APPROVED AUDITED FINANCIAL STATEMENT FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE THE EXISTENCE OF ANY RELATIONSHIP THEY DETERMINE TO BE A CONFLICT OF INTEREST INCLUDING ANY GENERAL AND COMMON SITUATIONS THAT LEAD, OR COULD LEAD, TO THE DEVELOPMENT OF A CONFLICT OR THE APPERANCE OF A CONFLICT. IF THE AFFECTED INDIVIDUAL IS A VOTING MEMBER OF THE BOARD OF DIRECTORS, SUCH INDIVIDUAL SHALL RECUSE HIMSELF OR HERSELF FROM PARTICIPATING IN SUCH VOTING AND CANNOT BE COUNTED FOR A QUOROM FOR SUCH VOTE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES ARE RESPONSIBLE FOR REVIEWING AND APPROVING THE HEAD OF SCHOOL'S COMPENSATION. THE BOARD OF TRUSTEES LOOKS AT COMPENSATION OF COMPARABLE EXECUTIVES IN BOTH THE PUBLIC AND PRIVATE EDUCATION SECTORS. IN ADDITION, THE SCHOOL HIRES AN OUTSIDE CONSULTANT TO PERFORM A SALARY COMPENSATION COMPARABILTIY ANALYSIS. THE LAST REVIEW WAS UNDERTAKEN IN 2023 AND WAS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GREEN VALE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST THROUGH THE BUSINESS OFFICE. FORM 990, PART XI, LINE 9: GAIN ON DISPOSAL OF ASSETS 24,600. WRITE-OFF OF UNCOLLECTIBLE PLEDGES -865,962. FORM 990, PART XII, LINE 2C: THE ORGANIZATION 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.