2024-05-09T15:38:00-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 221487185 FAR BROOK SCHOOL FARB 9733793442 52 GREAT HILLS ROAD SHORT HILLS NJ 07078 CHRISTOPHER BURNS TREASURER 9733793442 2024-05-09 1 CHRISTOPHER BURNS 999009999 1 MELISSA MODELSON P01603524 9143818900 2024-05-08 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z AMY ZIEBARTH 52 GREAT HILLS ROAD SHORT HILLS NJ 07078 12803393 0 X WWW.FARBROOK.ORG X 1948 NJ CO-EDUCATIONAL INDEPENDENT DAY SCHOOL PROVIDING EDUCATION TO STUDENTS IN GRADES NURSERY THROUGH GRADE EIGHT. OUR PURPOSE IS TO CREATE A SUPPORTIVE AND CARING COMMUNITY THAT CHERISHES LOVE OF LEARNING CREATIVITY, AND INDIVIDUALITY. 14 12 154 50 0 0 855435 844339 10694029 11432534 223219 315901 -4138 15969 11768545 12608743 1171578 932234 0 0 7109828 7333911 0 0 828589 2872332 3343526 11153738 11609671 614807 999072 26977636 28719978 6532851 6468271 20444785 22251707 X TO CREATE A SUPPORTIVE AND CARING COMMUNITY THAT CHERISHES LOVE OF LEARNING, CREATIVITY, AND INDIVIDUALITY, AND THAT PROVIDES TEACHERS AND STUDENTS WITH BOTH SUPPORT AND FREEDOM TO TAKE RISKS IN ORDER TO REACH THEIR FULL POTENTIAL. A FAR BROOK EDUCATION TAKES PLACE IN AN ENVIRONMENT OF NATURAL BEAUTY AND INTIMACY, WHERE CHARACTER AND CITIZENSHIP ARE VALUED AS MUCH AS ACHIEVEMENT. IMPLICIT IN OUR PHILOSOPHY IS THE GOAL OF BRINGING STUDENTS TO THEIR HIGHEST LEVEL OF ACADEMIC AND PERSONAL COMPETENCY, BOTH FOR THEIR PRESENT AND IN PREPARATION FOR THEIR FUTURE EDUCATION. IT IS OUR DESIRE TO TOUCH THE LIFE OF EVERY CHILD SO THAT HE OR SHE MAY LIVE LIFE WISELY AND WITH GREAT JOY. 0 0 8462908 932234 11432534 FAR BROOK SCHOOL IS AN INDEPENDENT DAY SCHOOL LOCATED IN SHORT HILLS, NEW JERSEY. THE SCHOOL PROVIDES ELEMENTARY EDUCATION FOR BOYS AND GIRLS IN NURSERY THROUGH GRADE EIGHT.OUR APPROACH TO EDUCATION EMBRACES THE FOLLOWING TENETS OF PROGRESSIVE EDUCATION:1. THEME-BASED CURRICULUM: TEACHING THROUGH THEMES EMPHASIZES DEPTH OVER BREADTH, ALLOWING STUDENTS TO BECOME EXPERTS ON THAT TOPIC.2. HANDS-ON LEARNING: LEARNING IS EXPERIENTIAL AND ACTIVE. STUDENTS CONSTRUCT THEIR OWN KNOWLEDGE THROUGH MEANINGFUL EXPERIENCES, GUIDED BY PASSIONATE EDUCATORS.3. AN APPRECIATION FOR NATURE: FAR BROOK'S UNIQUE WOODED CAMPUS PROVIDES AN OPPORTUNITY FOR LEARNING WITHOUT WALLS. AT FAR BROOK, A BIRD'S NEST DISCOVERED IN A TREE BECOMES A SCIENCE LESSON; A SOUND HEARD IN OUR WETLANDS HABITAT BECOMES A POEM.4. COLLABORATION: COLLABORATION IS EMPHASIZED. STUDENTS LEARN TO WORK WITH OTHERS FROM DIVERSE GRADES, EXPERIENCES, LEARNING STYLES, AND THINKING, WHETHER SOLVING A PROBLEM IN ALGEBRA, ACTING ON STAGE, BUILDING A BENCH IN WOODSHOP, OR PASSING THE BALL ON THE SOCCER FIELD.5. LEARNING THROUGH THE ARTS: INTEGRATING THE ARTS WITH ACADEMICS, TECHNOLOGY, AND PHYSICAL EDUCATION HAS BEEN AT THE HEART OF FAR BROOK'S PHILOSOPHY SINCE 1948. EXPERIENCED FACULTY SPARK CURIOSITY ABOUT OUR WORLD AND INSPIRE STUDENTS TO EXAMINE COMPLEX QUESTIONS AND MAKE CONNECTIONS ACROSS DISCIPLINES.6. SOCIAL JUSTICE: A FAR BROOK EDUCATION TEACHES CHILDREN TO NOT ONLY BE EXCELLENT LEARNERS, BUT EXCELLENT PEOPLE. STUDENTS FIND THEIR VOICE AND THE CONFIDENCE TO BECOME CHANGEMAKERS, COMPASSIONATE LEADERS, AND ETHICAL CITIZENS.FAR BROOK'S IMPACT LASTS A LIFETIME. 8462908 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 63 0 154 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MINELLY SALADIN 9733793442 52 GREAT HILLS ROAD SHORT HILLS NJ 07078 MARC SCHWARTZ PRESIDENT & CHAIR 10.00 X X 0 0 0 CHRISTOPHER BURNS TREASURER 5.00 X X 0 0 0 RENEE SEKINO WOLFE SECRETARY 5.00 X X 0 0 0 DIANE BAKST TRUSTEE 5.00 X 0 0 0 KENYANNA BELL TRUSTEE 5.00 X 0 0 0 LOURDES BLANCO TRUSTEE 5.00 X 0 0 0 NADINE BURNETT TRUSTEE 5.00 X 0 0 0 ALICE DAVISON TRUSTEE 5.00 X 0 0 0 JESSICA HOWE TRUSTEE THROUGH SEPT 2022/FACULTY MEMBER 40.00 X 56248 0 5625 ADAM KEIL TRUSTEE 5.00 X 0 0 0 TANYA NICHOLSON MILLER TRUSTEE 5.00 X 0 0 0 DOAK SERGENT TRUSTEE 5.00 X 0 0 0 HARSH SULE TRUSTEE 5.00 X 0 0 0 AMY YIN TRUSTEE 5.00 X 0 0 0 ALISON ULLRICH TRUSTEE/FACULTY MEMBER 40.00 X 75864 0 48186 AMY ZIEBARTH HEAD OF SCHOOL 50.00 X 347951 0 46671 MINELLY SALADIN DIRECTOR OF FINANCE AND OPERATIONS 50.00 X 191464 0 21671 SUZANNE GLATT DIRECTOR OF DEVELOPMENT 50.00 X 152153 0 28071 NICOLE ENGELKE DIRECTOR OF UPPER SCHOOL 50.00 X 161497 0 16132 MELISSA WILLIAMS DIRECTOR OF STRATEGIC OPERATIONS 40.00 X 132138 0 26825 MARY E LACEY DIRECTOR OF DIVERSITY 50.00 X 143782 0 14360 EMILIA ITHEN DIRECTOR OF ENROLLMENT 40.00 X 118322 0 27271 1379419 0 234812 10 0 1 0 0 844339 844339 TUITION 611110 10387667 10387667 CAMP PROGRAM 611110 749339 749339 AFTER SCHOOL PROGRAM 611110 273525 273525 DIVERSITY CONFERENCE 611110 22003 22003 11432534 318197 318197 15547 0 15547 15547 15547 192354 194650 -2296 -2296 -2296 OTHER INCOME 900099 422 422 422 12608743 11432534 0 331870 932234 932234 732033 230304 421635 80094 4812402 3494218 907598 410586 216399 167380 31881 17138 982931 672794 223926 86211 590146 399456 138706 51984 67023 67023 28250 28250 30000 30000 166911 107781 57351 1779 151148 51106 100042 205116 117087 24812 63217 158885 75504 73487 9894 111652 107396 4256 65768 65768 112427 61171 46985 4271 163839 163839 765212 653448 111764 64372 58581 5791 ACADEMIC PROGRAM 370147 370147 CLASSROOM SUPPLIES 363774 363774 REPAIRS & MAINTENANCE 202796 184688 18108 AFTERSCHOOL PROGRAM 111359 111359 204847 74873 126601 3373 11609671 8462908 2318174 828589 552666 490851 4092126 2198118 942098 733548 356690 0 338278 91946 21602434 8530163 12542835 13072271 8152943 12133244 26977636 28719978 1018799 912671 1821001 2087724 3693051 3467876 6532851 6468271 X 13182603 14486025 7262182 7765682 20444785 22251707 26977636 28719978 999072 807850 0 X X 0 1 X 1 0 X 1922963 938891 1965858 854028 844339 6526079 1922963 938891 1965858 854028 844339 6526079 617908 5908171 220975 191385 185977 243226 333744 1175307 29652 685 5444 611 422 36814 7738200 47515767 0.76350 0.74530 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 29,652. 2019 AMOUNT: $ 685. 2020 AMOUNT: $ 5,444. 2021 AMOUNT: $ 611. 2022 AMOUNT: $ 422. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7143408 247547 928197 295525 8023627 6863780 28460 -861327 179392 5851521 5668567 79000 1274003 157790 6863780 5572002 52475 193363 149273 5668567 5257789 201849 244337 131973 5572002 0.18350 0.59720 0.21930 0 0 73300 73300 20412573 7669083 12743490 1063943 861080 202863 52618 52618 13072271 X 11815214 807850 807850 11007364 30000 1571379 1601379 12608743 10008292 0 10008292 30000 1571379 1601379 11609671 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO PRODUCE REVENUE TO HELP SUPPORT THE ORGANIZATION'S PROGRAMS AND INITIATIVES. 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 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION RECLASSED TO PART IX 1,571,379. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION RECLASSED TO PART IX 1,571,379. 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 IS A MEMBER OF THE NJ ASSOCIATION OF INDEPENDENT SCHOOLS (NJAIS). NJAIS PUBLISHES ITS RACIAL NON-DISCRIMINATORY POLICY, LISTING EACH MEMBER SCHOOL, EACH YEAR IN THE NEW JERSEY METRO DAILY NEWSPAPER. 1 SCHOLARSHIPS 50 932234 PART I, LINE 2: SCHOLARSHIPS ARE PROVIDED BASED ON FINANCIAL NEED AND MERIT. A COMMITTEE OF THE BOARD OF TRUSTEES MEETS TO DETERMINE FUNDING. ACADEMIC PERFORMANCE OF SCHOLARSHIP RECIPIENTS IS MONITORED TO ENSURE THAT REQUIREMENTS ARE MET. SCHOLARSHIPS ARE APPLIED DIRECTLY AGAINST THE STUDENT'S ACCOUNT WHEN AWARDED. X X X X 0 0 0 0 0 0 0 1 0 AMY ZIEBARTH HEAD OF SCHOOL 332771 0 15000 0 180 0 33277 0 13394 0 394622 0 0 0 MINELLY SALADIN DIRECTOR OF FINANCE AND OPERATIONS 191284 0 0 0 180 0 14346 0 7325 0 213135 0 0 0 SUZANNE GLATT DIRECTOR OF DEVELOPMENT 151973 0 0 0 180 0 15197 0 12874 0 180224 0 0 0 NICOLE ENGELKE DIRECTOR OF UPPER SCHOOL 161317 0 0 0 180 0 16132 0 0 0 177629 0 0 0 MELISSA WILLIAMS DIRECTOR OF STRATEGIC OPERATIONS 131958 0 0 0 180 0 10162 0 16663 0 158963 0 0 0 MARY E LACEY DIRECTOR OF DIVERSITY 143602 0 0 0 180 0 14360 0 0 0 158142 0 0 0 PART I, LINE 7 THE HEAD OF SCHOOL RECEIVED A BOARD DISCRETIONARY BONUS INCLUDED IN HER 2022 FORM W-2. 34906 FINANCIAL AID DISCOUNTED TUITION FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS A PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE AUDIT COMMITTEE AND 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 THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO THE BOARD OF TRUSTEES. TRUSTEES HAVE A DUTY TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST WITH THE BOARD. AFTER DISCLOSURE OF ANY CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, THE BOARD WILL MAKE A DETERMINATION ON WHETHER TO APPROVE THE CONTRACT OR TRANSACTION. A PERSON WHO HAS A CONFLICT OF INTEREST MAY NOT PARTICIPATE IN THE BOARD'S DISCUSSION ON THE MATTER, EXCEPT TO DISCLOSE MATERIAL FACTS, AND MAY NOT VOTE ON THE CONTRACT OR TRANSACTION. THE DISCUSSION AND DELIBERATION IS TO BE REFLECTED IN THE MINUTES OF THE MEETING. EACH TRUSTEE IS REQUIRED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. IN ADDITION, EACH TRUSTEE IS REQUIRED TO COMPLETE AN ANNUAL QUESTIONNAIRE TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. THE DISCLOSURE FORMS ARE PROVIDED TO THE CHAIR OF THE BOARD, WHO IS RESPONSIBLE FOR THE IMPLEMENTATION OF THE POLICY. 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 JERSEY ASSOCIATION OF INDEPENDENT SCHOOLS. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE CONTEMPORANEOUSLY DOCUMENTED IN THE SCHOOLS' RECORDS. THE COMPENSATION OF THE DIRECTOR OF FINANCE AND OPERATIONS IS DETERMINED BY UTILIZING COMPARABILITY DATA FROM MEMBER SCHOOLS PART OF THE NEW JERSEY ASSOCIATION OF INDEPENDENT SCHOOLS. ANNUALLY, THE BOARD OF TRUSTEES APPROVES THE COMPENSATION INCREASES. THE APPROVAL IS DOCUMENTED IN AN EMPLOYEE AGREEMENT. THE PROCESS AS OUTLINED ABOVE WAS LAST CONDUCTED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG AND SIMILAR WEBSITES. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.