2024-06-24T12:51:41-05:00 2023-08-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-09-01 132539267 ALL SOULS SCHOOL ALLS 2128615232 1157 LEXINGTON AVENUE NEW YORK NY 10075 DR JENNIFER VEST EXECUTIVE DIRECTOR 2128615232 2024-06-24 1 DR JENNIFER VEST XXX-XX-XXXX 1 EVA MRUK P00543254 9143818900 2024-06-24 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR JENNIFER VEST 1157 LEXINGTON AVENUE NEW YORK NY 10075 5604576 0 X WWW.ALLSOULSSCHOOLNYC.ORG X 1965 NY ALL SOULS SCHOOL, AN EARLY CHILDHOOD DAY SCHOOL FOUNDED IN 1965, CELEBRATES AND BUILDS UPON EACH CHILD'S STRENGTHS, INTERESTS, AND EXPERIENCES IN AN INTENTIONAL, DIVERSE, AND NURTURING COMMUNITY THAT FOSTERS EXPERIMENTATION, A LOVE OF LEARNING, AND RESPECT FOR OTHERS. 16 16 24 115 0 0 833833 452891 2972850 3068275 1236340 1282266 24331 -9312 5067354 4794120 156300 153500 0 0 2332869 2516171 0 0 344015 1314003 1656209 3803172 4325880 1264182 468240 13838868 23796409 3117168 13137241 10721700 10659168 X SEE SCHEDULE O. 0 0 2802941 153500 3068275 ALL SOULS SCHOOL OPERATES AN EARLY CHILDHOOD DAY SCHOOL FOR CHILDREN BETWEEN THE AGE OF 2 AND 5 YEARS OLD. CHILDREN ARE EDUCATED IN A CLASSROOM ENVIRONMENT THAT FACILITATES INTELLECTUAL INQUIRY AND DISCOVERY, HARMONIOUS SOCIAL INTERACTIONS, AND MEANINGFUL IN-DEPTH PROJECTS. ALL SOULS SCHOOL SERVED APPROXIMATELY 103 STUDENTS IN THE 2022-23 SCHOOL YEAR AND IS SUPPORTED PRIMARILY BY TUITION AND FEES. 2802941 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 27 0 24 1 0 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 0 1 1 1 1 1 1 0 0 X NOUBAR TOROSSIAN 2128615232 1157 LEXINGTON AVENUE NEW YORK NY 10075 INSUNG CHO CHAIR 5.00 X X 0 0 0 GREGORY GIBSON VICE CHAIR 5.00 X X 0 0 0 ANDREA FRIEDMAN VOORHIS SECRETARY 5.00 X X 0 0 0 JOHN KEHOE TREASURER 5.00 X X 0 0 0 ELLEN BIRNBAUM TRUSTEE 1.00 X 0 0 0 CHARLES BISENIUS TRUSTEE 1.00 X 0 0 0 DR KAVITA DHARMARAJAN TRUSTEE 1.00 X 0 0 0 DR GALEN GUENGERICH TRUSTEE 1.00 X 0 0 0 JONINA HERTER TRUSTEE 1.00 X 0 0 0 ALFRED HUANG TRUSTEE 1.00 X 0 0 0 KAY JOSEPH TRUSTEE 1.00 X 0 0 0 DR ILYA LAUFER TRUSTEE 1.00 X 0 0 0 JENNIFER LLAMAS TRUSTEE 1.00 X 0 0 0 SHASHANK PATEL TRUSTEE 1.00 X 0 0 0 EUGENE RIBEIRO TRUSTEE 1.00 X 0 0 0 LITA TANDON TRUSTEE 1.00 X 0 0 0 DR JENNIFER VEST EXECUTIVE DIRECTOR 40.00 X 239263 0 40468 SUSAN HESS ASSISTANT DIRECTOR 40.00 X 132123 0 24171 ELISE TEICHERT HEAD TEACHER 40.00 X 130595 0 23904 SUSAN MALONE DIRECTOR OF ADMISSIONS 40.00 X 128090 0 23920 630071 0 112463 4 0 1 0 SPK LEWIS CONSTRUCTION LLC 35 WEST 36TH STREET 5E NEW YORK NY 10018 CONSTRUCTION SERVICES 2079372 ANDREW BARTLE ARCHITECTS PC 45 EAST 20TH STREET 5TH FL NEW YORK NY 10003 ARCHITECTURAL SERVICES 458653 2 98922 53100 300869 452891 TUITION 611710 2998575 2998575 AUXILLARY SERVICES 611710 69700 69700 3068275 280 280 2013556 731570 1281986 1281986 1281986 68718 98922 78886 -10168 -10168 OTHER REVENUE 900099 856 856 856 4794120 3068275 0 1272954 153500 153500 302038 30204 226528 45306 1624372 1142091 353435 128846 66349 53270 8592 4487 358152 232449 95025 30678 165260 102493 48053 14714 1251 497 589 165 40525 40525 13557 13557 276121 129284 142435 4402 3527 1399 1662 466 104768 42517 49379 12872 27830 8056 17092 2682 779688 633727 75980 69981 7355 551 6621 183 283346 232345 25500 25501 59237 59237 STAFF DEVELOPMENT 22519 20376 2143 0 MISCELLAENOUS EXPENSES 18765 7590 9218 1957 REPAIRS AND MAINTENANCE 13143 10776 1197 1170 FOOD 4577 1816 2156 605 4325880 2802941 1178924 344015 959532 606279 2342382 1566887 612182 299920 48943 49781 4633721 374754 1304705 4258967 114627 138021 8456497 7194155 0 9682399 13838868 23796409 443837 435571 2216319 2381020 457012 10320650 3117168 13137241 X 10674844 10616279 46856 42889 10721700 10659168 13838868 23796409 468240 -530772 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4472939 269921 4203018 160782 104833 55949 4258967 POOLED INVESTMENT 2752772 F ALTERNATIVE INVESTMENT 4441383 F 7194155 RIGHT OF USE ASSET - OPERATING LEASE, NET 9682399 9682399 DEFERRED COMPENSATION PAYABLE 138021 LEASE LIABILITY, OPERATING LEASE 10182629 10320650 X 4096291 -530772 -530772 4627063 13557 153500 167057 4794120 4158823 0 4158823 13557 153500 167057 4325880 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 AUGUST 31, 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIPS AND FINANCIAL AID TO PART IX 153,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIPS AND FINANCIAL AID TO PART IX 153,500. 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 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. THE SCHOOL'S NON-DISCRIMINATORY POLICY IS AVAILABLE ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED STATE FUNDING RELATED TO THE NEW YORK CHILD STABILIZATION GRANT. ANNUAL BENEFIT 167640 98922 68718 36900 16358 25628 167640 98922 68718 36900 16358 25628 78886 -10168 1 FINANCIAL AID/TUITION ASSISTANCE 7 153500 PART I, LINE 2: THE SCHOOL GRANTS FINANCIAL AID/TUITION ASSISTANCE TO STUDENTS WHO DEMONSTRATE FINANCIAL NEED. STUDENTS SEEKING AID ARE REQUIRED TO COMPLETE THE APPLICATIONS ON TADS. THE TUITION ASSISTANCE COMMITTEE REVIEWS APPLICATIONS AND TAX DOCUMENTS AND REWARDS BASED ON THE NEED CALCULATED INDEPENDENTLY BY TADS. 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 DR JENNIFER VEST EXECUTIVE DIRECTOR 224333 0 14613 0 317 0 22650 0 17818 0 279731 0 0 0 SUSAN HESS ASSISTANT DIRECTOR 130113 0 1916 0 94 0 6506 0 17665 0 156294 0 0 0 ELISE TEICHERT HEAD TEACHER 124837 0 4600 0 1158 0 6242 0 17662 0 154499 0 0 0 SUSAN MALONE DIRECTOR OF ADMISSIONS 125249 0 1713 0 1128 0 6262 0 17658 0 152010 0 0 0 PART I, LINE 7 INDIVIDUALS REPORTED ON FORM 990, PART VII, SECTION A RECEIVED BOARD DISCRETIONARY BONUS IN THEIR 2022 FORM W-2. FORM 990, PART III, LINE 1 ALL SOULS SCHOOL, AN EARLY CHILDHOOD DAY SCHOOL FOUNDED IN 1965, CELEBRATES AND BUILDS UPON EACH CHILD'S STRENGTHS, INTERESTS, AND EXPERIENCES IN AN INTENTIONAL, DIVERSE, AND NURTURING COMMUNITY THAT FOSTERS EXPERIMENTATION, A LOVE OF LEARNING, AND RESPECT FOR OTHERS. OUR HIGHLY EXPERIENCED AND CREDENTIALED FACULTY IS COMMITTED TO NURTURING A SENSE OF WONDER AND TO DISCOVERING EACH CHILD'S CAPABILITIES AND WAYS OF LEARNING. THIS APPROACH CREATES THE FOUNDATION FOR PROVISIONING THE CLASSROOM AND FOR CURRICULUM PLANNING. PLAY IS UNDERSTOOD AS A CHILD'S ACADEMIC SEARCHING AND AN EXPRESSION OF INTELLIGENCE AND GROWTH. THROUGH THE PROCESS OF THEIR ENGAGEMENT WITH PLAY, AND THE PROJECT APPROACH TO LEARNING - FROM INQUIRY, DISCUSSION, ACTIVITY AND REFLECTION, TO DOCUMENTATION - CHILDREN CAN REALIZE ENDLESS POSSIBILITIES FOR DISCOVERING MEANING AND RELATIONSHIPS. IN ORDER TO ACHIEVE THIS, THEY ARE GIVEN TIME AND SPACE FOR EXPLORATION AND FURTHER INVOLVEMENT. EACH CHILD IS APPRECIATED FOR HIS OR HER CONTRIBUTIONS TO THE PROCESS. ONE-ON-ONE, SMALL GROUP AND WHOLE CLASS LEARNING TAKES PLACE WITHIN AND BEYOND THE WALLS OF THE SCHOOL, INCORPORATING THE NATURAL WORLD AND INTRODUCING CHILDREN TO BROADER SOCIAL AND ENVIRONMENTAL CONTEXTS. AS THEY PARTICIPATE FULLY IN THEIR CLASSROOM COMMUNITY, CHILDREN ARE ENCOURAGED TO REFLECT ON THEIR WORK AND TO BECOME THOUGHTFUL, ACTIVE, AND RESPONSIBLE LEARNERS. OUR TEACHING IS INFLUENCED BY SEVERAL EDUCATIONAL THEORIES: THE BANK STREET OR THE DEVELOPMENTAL-INTERACTION APPROACH HOLDS AS A BASIC BELIEF THAT CHILDREN WANT TO UNDERSTAND THE WORLD AND HOW IT WORKS. TEACHERS CONSIDER EACH CHILD'S DEVELOPMENT AND GROWTH AND STRIVE TO CREATE AN ENVIRONMENT THAT IS RESPONSIVE TO WHERE EACH CHILD IS INTELLECTUALLY, SOCIALLY, EMOTIONALLY, AND PHYSICALLY. INTERACTION REFERS TO THE INTERFACE WITHIN THE CHILD OF EMOTIONS AND INTELLECTUAL DEVELOPMENT. INTERACTION ALSO REFERS TO THE RELATIONSHIPS THE CHILD HAS WITH THE OTHER CHILDREN, TEACHERS, MATERIALS AND IDEAS PRESENT IN THE CAREFULLY DESIGNED CLASSROOM AND SCHOOL. REGGIO EMILIA IS A SMALL TOWN IN NORTHERN ITALY. IN 1991 NEWSWEEK LABELED THE EARLY CHILDHOOD SCHOOLS IN REGGIO EMILIA AS THE "BEST IN THE WORLD." CENTRAL TO THE REGGIO APPROACH IS THAT CHILDREN ARE SEEN AS COMPETENT: THEIR IDEAS AND QUESTIONS ARE WORTHY OF BEING USED AS A BASIS FOR CURRICULUM DESIGN. THE ENVIRONMENT OF THE SCHOOL AND CLASSROOM IS SEEN AS "THE THIRD TEACHER," AS CHILDREN LEARN SO MUCH FROM WHERE AND WITH WHOM THEY SPEND THEIR TIME IN SCHOOL. TEACHERS AND CHILDREN REFLECT OFTEN ON THEIR WORK, SEPARATELY AND TOGETHER, AND THERE IS DOCUMENTATION OF THE PROCESSES OF THE WORK. EMERGENT CURRICULUM ALSO CONSIDERS CHILDREN'S INTERESTS AND INCORPORATES TEACHER GOALS WITHIN THE WORK. SOME CURRICULUM ARISES FROM WHAT IS HAPPENING IN THE WORLD AROUND THE SCHOOL AND IN THE CHILDREN'S LIVES. AS A RESULT OF CHILDREN'S QUESTIONS TEACHERS CREATE SPECIFIC CURRICULUM THAT BUILDS UPON THE TOPIC OF INTEREST. OVERARCHING THESE IDEAS IS THE BELIEF THAT CHILDREN LEARN AND GAIN SELF-CONFIDENCE THROUGH EXPERIENCES WITH EACH OTHER, WITH TEACHERS AND WITH MATERIALS. WE STRESS THE IMPORTANCE OF THE LIFE OF THE CHILD WITHIN A GROUP BECAUSE WE BELIEVE THAT SOCIETY IS CONTINUOUSLY CHANGING AND CHILDREN NEED THE SKILLS OF LIVING IN A GROUP TO WORK WELL WITH OTHERS. FORM 990, PART I, LINE 5, AND PART V, LINE 2A: THE ORGANIZATION CONTRACTED WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR SERVICES, INCLUDING BUT NOT LIMITED TO, PAYROLL, TIMEKEEPING, EMPLOYEE BENEFITS, HR ADMINISTRATION AND WORKFORCE REGULATORY COMPLIANCE NEEDS. AS THE EMPLOYER OF RECORD FOR TAX PURPOSES, FORMS W-2 AND W-3 ARE ISSUED BY THE PEO AND FILED UNDER THE PEO'S FEDERAL EIN. IN THIS CO-EMPLOYMENT ARRANGEMENT, THE ORGANIZATION IS THE COMMON LAW EMPLOYER AND, ACCORDINGLY, COMPENSATION IS REPORTED ON FORM 990, PART VII, SECTION A AND PART IX, LINES 5-10. FORM 990, PART VI, SECTION B, LINE 11B ALL SOULS SCHOOL 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, IT IS REVIEWED BY THE BUSINESS MANAGER, BOARD TREASURER, AND EXECUTIVE DIRECTOR. ONCE MANAGEMENT IS COMFORTABLE WITH THE RETURN, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. THE RETURN IS THEN DISTRIBUTED TO BOARD MEMBERS ELECTRONICALLY AFTER THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOLS HAS A WRITTEN CONFLICT OF INTEREST POLICY, WHICH IS MONITORED AND ENFORCED ANNUALLY. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF THE GOVERNING BODY, OFFICERS, AND KEY EMPLOYEES ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST TO THE AUDIT COMMITTEE. AN INTERESTED PERSON MAY MAKE A PRESENTATION TO THE BOARD OR AUTHORIZED COMMITTEE BUT AFTER THE PRESENTATION, HE/SHE MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE BOARD OR AUTHORIZED COMMITTEE IS RESPONSIBLE FOR DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS AND FOR DETERMINING WHETHER A MORE ADVANTAGEOUS TRANSACTION CAN BE OBTAINED WITHOUT GIVING RISE TO A CONFLICT OF INTEREST. THE MINUTES OF THE BOARD OR AUTHORIZED COMMITTEE MUST: 1) INCLUDE THE FINANCIAL INTEREST IN THE TRANSACTION, AGREEMENT OR ARRANGEMENT, 2) STATES THAT THE INTEREST WAS NOT PRESENT DURING THE FINAL DELIBERATION OR VOTE, 3) STATE THAT THE INTEREST CONFLICTED, IF A TRUSTEE, ABSTAINED FROM VOTING ON THE CONFLICT TRANSACTION, 4) DESCRIBE THE ACTION TAKEN AND 5) DESCRIBE ANY CONSIDERATION OF ALTERNATIVE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES REVIEWS AND DETERMINES COMPENSATION OF THE EXECUTIVE DIRECTOR. 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 YORK STATE ASSOCIATION OF INDEPENDENT SCHOOLS. THIS PROCESS WAS DOCUMENTED IN THE BOARD MINUTES AND LAST UNDERTAKEN IN 2022. 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 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. 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.