2024-05-07T14:24:51-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-07-01 131945827 THE EPISCOPAL SCHOOL IN THE CITY OF NEW YORK EPIS 2128799764 35 EAST 69TH STREET NEW YORK NY 10021 SUSAN A SHEAHAN DIRECTOR/HEAD OF SCHOOL 2128799764 2024-04-15 1 SUSAN SHEAHAN XXX-XX-XXXX 1 EVA MRUK P00543254 2122862600 2024-05-07 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUSAN A SHEAHAN 35 EAST 69TH STREET NEW YORK NY 10021 19145249 0 X WWW.EPISCOPALSCHOOL.ORG X 1961 NY TO PROVIDE A TRADITIONAL EARLY CHILDHOOD EDUCATION IN A WARM AND WELCOMING ENVIRONMENT, AND TO OFFER EACH CHILD A STRONG FOUNDATION FOR ONGOING EDUCATION AND FOR LIFE. 16 16 44 240 -45892 0 1151737 1372205 4514970 4993247 1040494 217208 -6407 6160 6700794 6588820 76500 93500 0 0 5205052 5553335 0 0 291817 1136419 1077650 6417971 6724485 282823 -135665 101721677 112263967 4815881 5093797 96905796 107170170 X THE MISSION OF THE EPISCOPAL SCHOOL IS TO PROVIDE A TRADITIONAL EARLY CHILDHOOD EDUCATION IN A WARM AND WELCOMING ENVIRONMENT, AND TO OFFER EACH CHILD A STRONG FOUNDATION FOR ONGOING EDUCATION AND FOR LIFE. WE SEEK TO HELP EACH CHILD DEVELOP SOCIALLY, EMOTIONALLY, INTELLECTUALLY AND PHYSICALLY IN A STRUCTURED AND NURTURING PROGRAM. WE ENCOURAGE OUR STUDENTS TO BE CURIOUS, RESPONSIBLE AND INDEPENDENT, AND TO ENJOY LEARNING. WE STRIVE TO MAINTAIN A HEALTHY BALANCE BETWEEN A NONCOMPETITIVE, SUPPORTIVE ENVIRONMENT AND A CHALLENGING EXPERIENCE THROUGH WHICH CHILDREN DEVELOP CORE VALUES AND A POSITIVE IMAGE OF THEMSELVES AND OF SCHOOL. 0 0 4196615 93500 4994792 THE SCHOOL PROVIDES OPPORTUNITIES FOR EACH CHILD TO GROW AND LEARN THROUGH A VARIETY OF STRUCTURED ACTIVITIES AND FREE PLAY EXPERIENCES. OUR AGE-APPROPRIATE CURRICULUM ALLOWS CHILDREN TO EXPLORE IDEAS AND DEVELOP SKILLS THROUGH ART, MUSIC, DRAMATIC PLAY, CREATIVE MOVEMENT AND COOKING. FIELD TRIPS, INTERACTIVE SCIENCE EXPERIENCES AND READINESS ACTIVITIES IN READING AND MATH FURTHER ENHANCE THE PROGRAM.EXPERIENCES AND ACTIVITIES ARE INDIVIDUALIZED TO MEET THE NEEDS OF EACH CHILD AT HIS OR HER OWN STAGE OF DEVELOPMENT. THE EPISCOPAL SCHOOL BELIEVES THAT ITS ULTIMATE PURPOSE IS TO GIVE YOUNG CHILDREN THE FINEST PREPARATION FOR LIFE BY FOSTERING SELF-CONFIDENCE AND ENTHUSIASM FOR LEARNING.THE SCHOOL SERVED BOYS AND GIRLS AGES 2 YEARS AND 5 MONTHS THROUGH 5 YEARS OLD. CLASSES ARE HELD FROM MID-SEPTEMBER THROUGH EARLY JUNE, MONDAY THROUGH FRIDAY. THE CHILDREN ATTEND THE THREE-HOUR PROGRAM IN EITHER THE MORNING OR AFTERNOON SESSION.DURING FY2023, THE SCHOOL PROVIDED EDUCATION FOR 200 STUDENTS.THE SCHOOL ALSO OFFERED CAMP FOR CURRENTLY ENROLLED CHILDREN. CAMP, STAFFED BY CURRENT TEACHERS AND EXPERIENCED COUNSELORS, IS HELD MONDAY THROUGH FRIDAY THE FIRST THREE WEEKS OF JUNE.DURING FY2023, THE SCHOOL PROVIDED CAMP FOR 117 CAMPERS. 4196615 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 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 15 0 44 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X SUSAN A SHEAHAN 2128799764 35 EAST 69TH STREET NEW YORK NY 10021 THOMAS E L DEWEY ESQ PRESIDENT 2.00 X X 0 0 0 CHARLES P DURKIN III VICE PRESIDENT 2.00 X X 0 0 0 RICHARD L N WEAVER VICE PRESIDENT 1.00 X X 0 0 0 JOHN D'A TYREE TREASURER 1.00 X X 0 0 0 KARIN A DEMASI ESQ SECRETARY 1.00 X X 0 0 0 DR AMANDA BELLOWS TRUSTEE 1.00 X 0 0 0 ELLEN S CROMACK TRUSTEE 1.00 X 0 0 0 DR SARAH DALY TRUSTEE 1.00 X 0 0 0 ANNE L DANNACHER TRUSTEE 1.00 X 0 0 0 MARC DE SAINT PHALLE TRUSTEE 1.00 X 0 0 0 ROBERT C DUCOMMUN TRUSTEE 1.00 X 0 0 0 MICHAEL GILBANE TRUSTEE 1.00 X 0 0 0 TODD HERLIHY TRUSTEE 1.00 X 0 0 0 JOHN G TROIANO TRUSTEE 1.00 X 0 0 0 DEBORAH VAN ECK TRUSTEE 1.00 X 0 0 0 GEORGE A WEBSTER TRUSTEE 1.00 X 0 0 0 SUSAN SHEAHAN DIRECTOR/HEAD OF SCHOOL 40.00 X 394243 0 73668 ANNE HOLM DIRECTOR OF DEVELOPMENT 40.00 X 183586 0 39767 LINDSAY DAVIS BUSINESS MANAGER 40.00 X 189403 0 55347 JANE ARNOLD DIRECTOR OF ADMISSIONS 40.00 X 168278 0 59030 JESSIE LEVY PLACEMENT COORDINATOR 40.00 X 144769 0 31115 CHRISTOPHER MINARICH MUSIC TEACHER 40.00 X 134723 0 29838 1215002 0 288765 10 0 1 0 COMMONFUND 15 OLD DANBURY ROAD WILTON CT 06897 INVESTMENT MANAGEMENT SERVICES 145676 EMERALD SERVICES ONE FAIRCHILD COURT SUITE 100 PLAINVIEW NY 11803 BUILDING CLEANING 112005 2 97371 204670 1070164 26660 1372205 TUITION 611600 4753500 4753500 SUMMER PROGRAM FEES 611600 227925 227925 APPLICATION FEES 611710 11822 11822 4993247 222130 -86354 308484 12490843 12495765 -4922 -4922 40462 -45384 50304 97371 57069 -6765 -6765 5140 3595 1545 1545 BOOK SALE 900099 11380 11380 11380 6588820 4994792 -45892 267715 93500 93500 468896 468896 3809232 2622061 991443 195728 274272 175940 78868 19464 648604 517704 115040 15860 352331 249839 89836 12656 10082 10082 59496 59496 100056 100056 87554 24416 63138 78944 78944 89608 89608 163174 153169 9090 915 31596 31596 80005 75099 4457 449 REPAIRS AND MAINT. 249547 241080 7693 774 OTHER DIRECT OPERATING 37810 37810 DEVELOPMENT EXPENSE 31119 31119 CLASSROOM / REMOTE 24127 24127 34532 19680 14852 6724485 4196615 2236053 291817 2701557 2795041 6092590 5617750 0 15800 155638 203793 8055530 7642368 465909 413162 92305983 103218421 101721677 112263967 607681 610907 4208200 4482890 4815881 5093797 X 90390919 100315254 6514877 6854916 96905796 107170170 101721677 112263967 -135665 10400039 0 X X 0 1 X 1 0 X 1344836 1129029 974111 1151737 1372205 5971918 1344836 1129029 974111 1151737 1372205 5971918 5971918 1317617 458432 23545 34444 308484 2142522 11380 11380 8125820 23716399 0.73490 0.67270 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: BOOK SALE - 2022 AMOUNT: $ 11,380. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6514877 92094 845379 597434 6854916 8781412 50260 -1772612 544183 6514877 6826700 75260 2422911 543459 8781412 7217397 30542 70231 491470 6826700 6948559 106340 742518 580020 7217397 0.00000 0.63044 0.36956 0 0 35483 35483 6899815 6738640 161175 1120232 903728 216504 413162 ALTERNATIVE STRATEGIES 10161340 F EQUITY FUNDS 63819603 F FIXED INCOME FUNDS 20083483 F PRIVATE EQUITY FUNDS 9153995 F 103218421 X 16752898 10400039 3595 10403634 6349264 100056 139500 239556 6588820 6488524 3595 3595 6484929 100056 139500 239556 6724485 PART V, LINE 4: THE SCHOOL MAINTAINS VARIOUS DONOR-RESTRICTED FUNDS WHOSE PURPOSE IS TO PROVIDE LONG-TERM SUPPORT FOR ITS PROGRAMS. PART X, LINE 2: THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAS 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 PERIODS PRIOR TO JUNE 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED ON PART VIII, LINE 10B 3,595. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID INCLUDED ON PART IX, LINE 2 93,500. TUITION REMISSION INCLUDED ON PART IX, LINE 9 46,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED ON PART VIII, LINE 10B 3,595. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID INCLUDED ON PART IX, LINE 2 93,500. TUITION REMISSION INCLUDED ON PART IX, LINE 9 46,000. 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 PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN NEWSPAPERS OF GENERAL CIRCULATION, OTHER PRINTED MEDIA, AND ADVERTISEMENTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 10161340 0 0 0 0 0 0 10161340 0 10161340 1 0 1 1 0 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 2: THE ORGANIZATION IS REQUIRED TO FILE FORM 926 BECAUSE IT MEETS THE APPLICABLE OWNERSHIP THRESHOLD OR OTHER FILING REQUIREMENTS. SCHEDULE F, PART IV, LINE 3: THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 BECAUSE IT DOES NOT MEET THE APPLICABLE OWNERSHIP THRESHOLD OR OTHER FILING REQUIREMENTS. SCHEDULE F, PART IV, LINE 4: THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 8621 BECAUSE IT DOES NOT MEET THE APPLICABLE OWNERSHIP THRESHOLD OR OTHER FILING REQUIREMENTS. ANNUAL BENEFIT 147675 97371 50304 34200 900 21969 147675 97371 50304 34200 900 21969 57069 -6765 1 TUITION ASSISTANCE 7 93500 PART I, LINE 2: THE SCHOOL GRANTS TUITION ASSISTANCE TO STUDENTS WHO DEMONSTRATE FINANCIAL NEED. STUDENTS SEEKING AID ARE REQUIRED TO COMPLETE THE SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID (SSS) APPLICATION. THE SCHOOL USED THE ANALYSIS OF SSS IN DETERMINING THE AMOUNT OF EACH STUDENT'S FINANCIAL AID AWARD. THE STUDENT'S TUITION BILL IS REDUCED BY THE AMOUNT OF THE FINANCIAL AID AWARDED. X X X 0 0 0 0 0 0 0 1 0 SUSAN SHEAHAN DIRECTOR/HEAD OF SCHOOL 359877 0 31000 0 3366 0 53904 0 19764 0 467911 0 0 0 LINDSAY DAVIS BUSINESS MANAGER 183403 0 6000 0 0 0 18806 0 36541 0 244750 0 0 0 JANE ARNOLD DIRECTOR OF ADMISSIONS 167278 0 1000 0 0 0 17743 0 41287 0 227308 0 0 0 ANNE HOLM DIRECTOR OF DEVELOPMENT 182586 0 1000 0 0 0 18989 0 20778 0 223353 0 0 0 JESSIE LEVY PLACEMENT COORDINATOR 143769 0 1000 0 0 0 13511 0 17604 0 175884 0 0 0 CHRISTOPHER MINARICH MUSIC TEACHER 133723 0 1000 0 0 0 13354 0 16484 0 164561 0 0 0 PART I, LINE 7 INDIVIDUALS RECEIVED A BOARD APPROVED PERFORMANCE BONUS, WHICH WAS TREATED AS TAXABLE COMPENSATION. X 7 26660 AVG. SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. ONCE THE DIRECTOR OF SCHOOL AND BUSINESS MANAGER HAVE COMPLETED THEIR REVIEW, ALL MEMBERS OF THE BOARD OF TRUSTEES REVIEW AND APPROVE PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY, WHICH THE BOARD OF TRUSTEES MONITORS AND ENFORCES. EACH OFFICER, TRUSTEE AND KEY EMPLOYEE OF THE SCHOOL IS REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE INTERESTED PERSON IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBERS OF THE COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE INTERESTED PERSON IS NOT PRESENT AT ANY POINT WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON BY THE BOARD OR COMMITTEE MEMBERS. THE MINUTES OF THE MEETINGS OF THE BOARD INCLUDE: A) THE NAMES OF THE INTERESTED PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE BOARD'S OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED, AND B) THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDING. FORM 990, PART VI, SECTION B, LINE 15A A PERFORMANCE REVIEW IS CONDUCTED ANNUALLY FOR THE DIRECTOR. THE PROCESS INCLUDES A REVIEW BY EACH TRUSTEE SUBMITTED TO THE BOARD PRESIDENT, WHO REVIEWS THE EVALUATIONS WITH THE EXECUTIVE COMMITTEE AND CONDUCTS THE REVIEW WITH AT LEAST ONE OTHER TRUSTEE. THE COMMITTEE ALSO MAKES RECOMMENDATIONS WITH RESPECT TO THE DIRECTOR'S COMPENSATION AND REPORTS THE FINDINGS AND RECOMMENDATIONS TO THE BOARD. PART OF THE COMMITTEE'S ANNUAL COMPENSATION REVIEW INCLUDES REVIEWING COMPARABLE COMPENSATION DATA FOR AT LEAST THREE DIRECTOR OR HEAD OF SCHOOL POSITIONS IN NEW YORK CITY. THE REVIEW WAS IN JULY 2022 FOR FISCAL YEAR JULY 1, 2022, TO JUNE 30, 2023. 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 POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. THE ORGANIZATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS A COMMITTEE WHICH IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND THE OVERSIGHT OF THE ORGANIZATION'S FINANCIAL STATEMENTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.