2024-05-07T17:29:42-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2022-07-01 050258900 LINCOLN SCHOOL LINC 4013319696 301 BUTLER AVENUE PROVIDENCE RI 029065545 SOPHIE G LAU HEAD OF SCHOOL 4013319696 2024-05-07 1 SOPHIE LAU XXX-XX-XXXX 1 EVA MRUK P00543254 4016216200 2024-05-07 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SOPHIE G LAU 301 BUTLER AVENUE PROVIDENCE RI 029065545 20468630 0 X WWW.LINCOLNSCHOOL.ORG X 1884 RI TO PROVIDE AN INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR GIRLS WHERE HIGH ACADEMIC AND ETHICAL STANDARDS CHALLENGE STUDENTS FROM NURSERY THROUGH GRADE TWELVE TO NURTURE THEIR SPECIAL TALENTS AND INTERESTS. 24 21 221 193 0 0 1842711 3949423 15824533 16113407 28155 105692 136920 188834 17832319 20357356 4706676 4785858 0 0 9639432 9775732 0 0 504391 4277863 4790005 18623971 19351595 -791652 1005761 34680001 37381230 4876364 5233926 29803637 32147304 LINCOLN SCHOOL'S DYNAMIC ACADEMIC PROGRAM, ROOTED IN QUAKER PRINCIPLES, EDUCATES GIRLS TO FEARLESSLY EMBRACE THE OPPORTUNITIES AND RESPONSIBILITIES OF FULL CITIZENSHIP IN A COMPLEX WORLD. 0 0 16615337 4785858 13667958 INSTRUCTIONAL SERVICES - PROGRAMS FOR STUDENTS IN NURSERY SCHOOL THROUGH GRADE TWELVE. 101438 0 2220291 INFANT TODDLER CARE - INFANT AND TODDLER DAYCARE SERVICES. 5791 0 289783 ENRICHMENT AND EXTENDED DAY - PROGRAMS DESIGNED FOR STUDENTS TO PARTICIPATE IN EXTRACURRICULAR ACTIVITIES AND EXTENDED DAY CARE AFTER SCHOOL HOURS. 121604 0 0 121604 16844170 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 40 0 221 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X BRENDA L KONOPELKO CFO 4013319696 301 BUTLER AVENUE PROVIDENCE RI 029065545 RUSSELL CAREY CHAIR 2.00 X X 0 0 0 KIM SPRAGUE ANDERSON VICE CHAIR 2.00 X X 0 0 0 KATHRIN PAGONIS BELLIVEAU VICE CHAIR, THRU 05/2023 2.00 X X 0 0 0 NANCY NAHIGIAN TAVITIAN VICE CHAIR 2.00 X X 0 0 0 JANE PALESTINE JAMIESON PAST CHAIR 2.00 X X 0 0 0 JIM CASEY SECRETARY 2.00 X X 0 0 0 CHRISTOPHER DOWNS TREASURER 2.00 X X 0 0 0 SIRAJ AMANULLAH TRUSTEE 2.00 X 0 0 0 PATRICIA SAMORS BENTON TRUSTEE 2.00 X 0 0 0 SARAH BOUVIER TRUSTEE 2.00 X 0 0 0 DAVE CALDWELL JR TRUSTEE 2.00 X 0 0 0 CAROLINE CANNING TRUSTEE 2.00 X 0 0 0 JOANNE CHANG TRUSTEE 2.00 X 0 0 0 SARAH CONDE TRUSTEE 2.00 X 0 0 0 JOAN COUNTRYMAN TRUSTEE 2.00 X 0 0 0 MARGARET FIELD KELLY TRUSTEE 2.00 X 0 0 0 KIRSTEN E KENNEY TRUSTEE 2.00 X 0 0 0 LETICIA LOPES TRUSTEE 2.00 X 0 0 0 BRENDAN MCNALLY TRUSTEE 2.00 X 0 0 0 MIH-HO CHA NEENAN TRUSTEE 2.00 X 0 0 0 LIZ NEWTON TRUSTEE 2.00 X 0 0 0 KATHRYN RAMSTAD TRUSTEE 2.00 X 0 0 0 JAI-ME POTTER RUTLEDGE TRUSTEE 2.00 X 0 0 0 DENIS ROCHE TRUSTEE 2.00 X 0 0 0 SOPHIE G LAU HEAD OF SCHOOL 50.00 X 300176 0 67270 BRENDA L KONOPELKO CHIEF FINANCIAL OFFICER 50.00 X 166379 0 18648 MOLLY GARRISON DIRECTOR OF ADVANCEMENT 40.00 X 155770 0 28443 PETER BROOKS DIRECTOR OF UPPER SCHOOL 40.00 X 121987 0 14476 DEBORAH ELWELL HANNEY DIRECTOR OF MIDDLE SCHOOL 40.00 X 130775 0 33058 KIMBERLY A LOUGH DIRECTOR OF LITTLE SCHOOL 40.00 X 111312 0 5438 SUSAN A FARNUM DIRECTOR OF ADMISSIONS 40.00 X 117010 0 10251 1103409 0 177584 7 0 1 0 FLIK COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 DINING SERVICES 443342 DESLANDES CONSTRUCTION INC 126 BELLOWS STREET WARWICK RI 02888 CONSTRUCTION SERVICES 183884 2 31902 3917521 37094 3949423 TUITION AND FEES 611710 13603333 13603333 INFANT TODDLER CARE 611710 2220291 2220291 CAMPS REVENUE 611710 184120 184120 ENRICHMENT PROGRAMS 611710 105663 105663 16113407 105692 105692 54630 0 54630 54630 54630 103790 103790 0 9416 7484 1932 1932 INTERNATIONAL SCHOOL TRIPS 611710 64625 64625 MISCELLANEOUS INCOME 611710 47014 47014 BOOK FESTIVAL 611710 20633 20633 132272 20357356 16178032 0 229901 4785858 4785858 541725 482135 48755 10835 7756 6383 1082 291 7142029 5845039 1020649 276341 272450 222677 39154 10619 1155344 1049717 83133 22494 656428 544424 88278 23726 12112 12112 16850 16850 81857 81857 375921 135539 186311 54071 52621 850 51771 445107 256993 132194 55920 176187 176187 222592 203843 16450 2299 118787 112932 1989 3866 135848 135848 1155878 1058514 85423 11941 94058 84125 8715 1218 OTHER PROGRAM EXPENSES 769004 769004 MEALS - DINING ROOM 456510 456510 BUILDING MAINTENANCE 401399 367588 29665 4146 OUTSIDE PROGRAMS 112853 112853 162421 37151 98646 26624 19351595 16844170 2003034 504391 1380943 32265 285014 4210900 205851 197421 67055 97690 4543 3457 60177 38599 32172673 16422416 16382443 15750257 2166605 2191790 14127370 14858851 34680001 37381230 1120674 1142128 846333 1161932 2895383 2827421 13974 102445 4876364 5233926 X 11432207 10895514 18371430 21251790 29803637 32147304 34680001 37381230 X 1005761 116899 1221007 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2062815 0 128975 111235 2080555 2052355 100077 -89617 0 2062815 1536719 112683 464640 61687 2052355 1330693 100000 165906 59880 1536719 1193575 0 137118 0 1330693 0.00000 1.00000 0.00000 1 0 331046 331046 26939371 12455903 14483468 2768203 2043335 724868 2134053 1923178 210875 15750257 BENEFICIAL INTEREST IN ASSETS HELD BY A COMMUNITY FOUNDATION 14769709 RIGHT-OF-USE ASSET, OPERATING LEASES 89142 14858851 POSTRETIREMENT BENEFITS OTHER THAN PENSIONS 13303 OPERATING LEASE LIABILITIES 89142 102445 X 16255171 116899 1221007 1337906 14917265 81857 5358234 5440091 20357356 13911504 0 13911504 81857 5358234 5440091 19351595 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF ONE FUND AT VANGUARD AND ONE FUND AT RHODE ISLAND FOUNDATION, BOTH ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT IS HELD AND ADMINISTERED BY THE RHODE ISLAND FOUNDATION. 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: CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD IN COMMUNITY FOUNDATION 1,221,007. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED ON PART IX, LINE 2 4,785,858. TUITION REMISSION REPORTED ON PART IX, LINE 9 572,376. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED ON PART IX, LINE 2 4,785,858. TUITION REMISSION REPORTED ON PART IX, LINE 9 572,376. 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 PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS INTERNET HOMEPAGE AND THROUGH A NEWSPAPER OF GENERAL CIRCULATION. 1 FINANCIAL AID FOR ATTENDING STUDENTS 210 4785858 PART I, LINE 2: FINANCIAL AID IS GIVEN TO STUDENTS BASED ON THE NEEDS OF THE FAMILIES. THIS PROCESS IS MONITORED BY THE HEAD OF SCHOOL, DIRECTOR OF ADMISSION AND FINANCIAL AID, AND THE CFO. EVERY FAMILY REQUESTING FINANCIAL AID IS REQUIRED TO SUBMIT THE NECESSARY FINANCIAL DATA AND FINANCIAL AID FORMS TO BE REVIEWED BY THE HEAD OF SCHOOL, DIRECTOR OF ADMISSION AND FINANCIAL AID AND CFO BEFORE ACCEPTANCE AND AWARD. ONCE FINANCIAL AID IS GRANTED, THE FAMILY IS BILLED FOR THE NET TUITION (GROSS TUITION LESS THE APPLIED FINANCIAL AID) AND THE AMOUNT OF FINANCIAL AID AWARDED IS APPLIED TO THE APPROPRIATE ACCOUNT. X X 1 1 X X X 0 0 0 0 0 0 0 1 0 SOPHIE G LAU HEAD OF SCHOOL 277129 0 17047 0 6000 0 14270 0 53000 0 367446 0 0 0 BRENDA L KONOPELKO CHIEF FINANCIAL OFFICER 162279 0 4100 0 0 0 8303 0 10345 0 185027 0 0 0 MOLLY GARRISON DIRECTOR OF ADVANCEMENT 151692 0 4078 0 0 0 8258 0 20185 0 184213 0 0 0 DEBORAH ELWELL HANNEY DIRECTOR OF MIDDLE SCHOOL 127782 0 2993 0 0 0 6061 0 26997 0 163833 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS PROVIDED WITH A RESIDENCE ON THE UPPER TWO FLOORS OF A HOUSE THAT IS OWNED BY LINCOLN SCHOOL. THE BOTTOM FLOOR OF THE RESIDENCE IS USED BY THE HEAD TO ENTERTAIN CURRENT AND POTENTIAL STUDENTS AND THEIR FAMILIES, CONSTITUENTS OF THE SCHOOL, SUBSTANTIAL AND/OR POTENTIAL CONTRIBUTORS AND OTHERS WHO HAVE A DIRECT BUSINESS RELATIONSHIP WITH THE SCHOOL, AS WELL AS SCHOOL ACTIVITIES INCLUDING FACULTY AND/OR STAFF MEETINGS AND EVENTS. THE HOUSING BENEFIT IS TREATED AS NONTAXABLE COMPENSATION UNDER SECTION 119 OF THE INTERNAL REVENUE CODE, AS IT IS ON SCHOOL PREMISES, INCLUDED IN THE EMPLOYMENT CONTRACT, AND FOR THE CONVENIENCE OF LINCOLN SCHOOL. THE VALUE OF THE HOUSING BENEFIT OF $36,000 IS INCLUDED IN PART II, COLUMN (D) NONTAXABLE BENEFITS, FOR SOPHIE G. LAU IN CALENDAR YEAR 2022. PART I, LINE 7 INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2022, WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN THEIR 2022 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. 61200 FINANCIAL AID TUITION X 4 30844 AVG. SELLING PRICE X ART SUPPLIES 4 6000 COST X SCIENCE SUPPLIES 1 250 COST 0 0 1 0 PART I, COLUMN (B): THE SCHOOL IS REPORTING THE NUMBER OF CONTRIBUTORS ON COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS REVIEWED BY THE CFO AND ELECTRONICALLY SENT TO THE BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH COVERS TRUSTEES, OFFICERS, ADMINISTRATORS, AND FACULTY. TRUSTEES ARE REQUIRED TO ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE TRUSTEE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. THE INTERESTED PERSON MUST DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR DELEGATED COMMITEE, WHO DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS. A PERSON WHO HAS A CONFLICT OF INTEREST IS RECUSED FROM PARTICIPATING IN THE BOARD OR COMMITTEE'S DISCUSSION AND DECISION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING THE COMPENSATION OF THE HEAD OF SCHOOL INCLUDES A REVIEW OF PERFORMANCE, THE USE OF COMPARABLE DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD, AND CONTEMPORANEOUS DOCUMENTATION. THE PROCESS LAST OCCURRED IN MAY 2022. THE COMPENSATION OF THE ORGANIZATION'S CHIEF FINANCIAL OFFICER IS REVIEWED ANNUALLY BY THE HEAD OF SCHOOL AND IS SET NOT TO EXCEED GUIDELINES SET BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL 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. IN ADDITION, THE FORM 990, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND BY-LAWS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD IN COMMUNITY FOUNDATION 1,221,007. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.