2025-04-16T14:48:52-05:00 2024-06-30 812950760 SAX LLP 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2023-07-01 221723807 MONTCLAIR COOPERATIVE SCHOOL INC MONT 9737834955 65 CHESTNUT STREET MONTCLAIR NJ 07042 ANA YOUNGHUSBAND HEAD OF SCHOOL 9737834955 2025-04-16 1 0 MARQUS WHITE P00053187 9734726250 2025-04-16 2023 2025-03-06 01:10:19Z ANA YOUNGHUSBAND 65 CHESTNUT STREET MONTCLAIR NJ 07042 3767666 0 X WWW.MONTCLAIRCOOP.ORG X 1963 NJ THE PURPOSE FOR WHICH THIS CORPORATION WAS FORMED IS TO OPERATE AND MAINTAIN ONE OR MORE NON PROFIT, NON SECTARIAN COOPERATIVE EDUCATIONAL FACILITIES INCLUDING WITHOUT LIMITATION, NURSERY SCHOOLS, KINDERGARTENS, ELEMENTARY AND JUNIOR HIGH SCHOOLS. 11 11 67 80 0 0 145038 336953 3219149 3321412 17861 50108 7593 -3051 3389641 3705422 283756 330687 0 0 2488145 2579246 0 0 703 930577 1023744 3702478 3933677 -312837 -228255 2975111 2511932 1218441 935955 1756670 1575977 X THE MONTCLAIR COOPERATIVE SCHOOL IS A COMMUNITY OF STUDENTS, TEACHERS, AND PARENTS WHO ARE DEDICATED TO CREATING A DIVERSE AND NURTURING ENVIRONMENT WHERE CHILDREN FLOURISH INTELLECTUALLY AND WHERE THEY DEVELOP EXCEPTIONAL SOCIAL SKILLS ALONG WITH A DEEP SENSE OF COMMUNITY RESPONSIBILITY. 0 0 3037643 302791 3040210 EDUCATIONAL PROGRAM: THE MONTCLAIR COOPERATIVE SCHOOL IS AN INDEPENDENT, PRIVATE, NON PROFIT ORGANIZATION WITH APPROXIMATELY 132 STUDENTS IN GRADES EARLY AGES-8. THE TUITION REVENUES ENABLE US TO ACCOMPLISH OUR PRIMARY PURPOSE OF CREATING A RICH AND REWARDING ENVIRONMENT FOR OUR CHILDREN. $302,791 IN FINANCIAL AID WAS AWARDED TO ASSIST FAMILIES WHO DEMONSTRATE FINANCIAL NEED. 102173 518 97298 THE MONTCLAIR COOPERATIVE SCHOOL INCORPORATES DAY & OVERNIGHT TRIPS INTO THE CURRICULUM FOR EACH GRADE. DAY TRIPS INCLUDE CULTURAL, EDUCATIONAL & SEASONAL PROGRAMS & EVENTS. OVERNIGHT TRIPS INCLUDE STAYS AT CAMP FAIRVIEW, KROKA EXPEDITIONS IN VERMONT IN WHICH CHILDREN EXPLORE A WILDERNESS ADVENTURE, EXTENDED COMMUNITY BASED TRIPS TO THE SOUTHWEST IN THE UNITED STATES TO PLACES OF HISTORICAL SIGNIFICANCE. 63281 20689 64758 THE AFTER SCHOOL PROGRAM TYPICALLY OPERATES FROM 3:15 P.M.-6:00 P.M. EVERY DAY THAT THE SCHOOL IS IN SESSION WITH THE EXCEPTION OF THOSE SPECIFIED ON THE SCHOOL CALENDAR. ON HALF DAYS, THE PROGRAM OPERATES FROM 12:30-6:00 PM. THE CHILDREN GATHER IN OUR MULTI-PURPOSE ROOM WHICH IS SET UP WITH BLOCKS, ARTS AND CRAFTS, BOARD GAMES, PUZZLES, JEWELRY MAKING, COOKING AND DRAMATIC PLAY. WHEN WEATHER PERMITS, THE CHILDREN PLAY OUTSIDE. 65924 6689 119146 OTHER PROGRAMS SUCH AS THE BEFORE SCHOOL PROGRAM, AFTER SCHOOL ENRICHMENT, CAMP CO-OP, CHESS CAMP, DAY TRIPS, AND OTHER SUMMER CAMP: THESE ARE ACTIVITIES THAT CREATE A RICH AND REWARDING LEARNING ENVIRONMENT FOR THE STUDENTS.SOCCER & FITNESS CLASSES:BOTH PROGRAMS FOCUS MOSTLY ON TECHNICALSKILLS, BALANCE AND COORDINATION USING FUN AND EXCITING GAMES. 65924 6689 119146 3269021 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 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 35 0 1 67 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X JENNIFER VISCONTI BUSINESS MANAGER & DONNA ELLWOOD FINANCE MANAGER 9737834955 65 CHESTNUT STREET MONTCLAIR NJ 07042 TAMARA MATA BOARD CHAIR 1.00 X 0 0 0 CARI LEHMAN VICE CHAIR OF FINANCE 1.00 X 0 0 0 DARA GOLDBERG SPAR BOARD SECRETARY 1.00 X 0 0 0 LESLEY HAYES VICE CHAIR OF MEMEBERSHIP 1.00 X 0 0 0 PAIGE FISHER VICE CHAIR STRATEGIC PLANN 1.00 X 0 0 0 JSAHNA SIMMONS VICE CHAIR DIVERSITY, EQUI 1.00 X 0 0 0 MURAT KILAVUZ MEMBER AT LARGE 1.00 X 0 0 0 ERIC CIOE PENA MEMBER AT LARGE 1.00 X 0 0 0 ANDREA BLUMENTHAL COMMUNITY MEMBER 1.00 X 0 0 0 HAL WILLIAMS COMMUNITY MEMBER 1.00 X 0 0 0 TANYA DUNBAR COMMUNITY MEMBER 1.00 X 0 0 0 ANA YOUNGHUSBAND HEAD OF SCHOOL 40.00 X 152250 0 12000 152250 0 12000 1 0 1 0 0 51822 219830 65301 9183 336953 TUITION 611600 3040210 3040210 FEES AND OTHER PROGRAM 611600 281202 281202 3321412 34844 34844 6897 0 6897 6897 6897 29460 14196 15264 15264 15264 38060 51822 48048 -9988 -9988 OTHER INCOME 900099 40 40 40 3705422 3321412 0 47057 330687 330687 175740 57198 118542 2050659 1664303 385771 585 45857 45845 12 111855 94511 17324 20 195135 137984 57114 37 13018 13018 28400 28400 158976 148956 10020 9365 7218 2144 3 60530 57504 3026 16706 15921 785 140021 133020 7001 83984 65151 18811 22 DIRECT EDUCATION EXPENS 387377 387377 REPAIRS & MAINTENANCE 87331 67747 19561 23 BAD DEBTS 22000 22000 EQUIPMENT LEASES 9990 9490 500 6046 4691 1354 1 3933677 3269021 663953 703 43267 7476 1330832 790489 54172 43279 56748 21552 1816143 960266 908533 855877 563875 788687 17684 4572 2975111 2511932 264682 208499 816721 656845 120306 70611 16732 0 1218441 935955 X 1668704 1489233 87966 86744 1756670 1575977 2975111 2511932 X -228255 46862 700 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59000 59000 59000 59000 59000 59000 1.00000 0 0 18175 18175 72699 72699 0 1196698 572765 623933 215971 166612 49359 312600 148190 164410 855877 X 3505741 46862 7500 48748 103110 3402631 302791 302791 3705422 3686434 7500 48048 55548 3630886 302791 302791 3933677 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF ONE FUND ESTABLISHED IN PERPETUITY UNDER DONOR RESTRICTED PURPOSES. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE PERMANENTLY RESTRICTED AMOUNT OF NET ASSETS WITH DONOR RESTRICTIONS REPRESENTS CONTRIBUTIONS TO THE ENDOWMENT FUND. THE ORGANIZATION HAS ESTABLISHED AN ENDOWMENT POLICY CONSISTENT WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("UPMIFA"). THE EARNINGS OF THE FUNDS ARE RESTRICTED OR UNRESTRICTED BASED ON DIRECTIVES FROM THE DONOR. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE ORGANIZATION FILES AN INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL TAX AUTHORITIES UNLESS THE ORGANIZATION WAS ENGAGED IN ACTIVITIES THAT WOULD GENERATE UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT RECOVERY 700. SPECIAL EVENTS EXPENSES 48,048. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 302,791. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 48,048. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 302,791. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINARY POLICY IS STATED IN THE BROCHURES AND APPLICATIONS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FUNDING FROM THE MONTCLAIR BOARD OF EDUCATION FOR SUPPLEMENTING NURSES SALARY, PURCHASE OF TEXTBOOKS, SECURITY MEASURES AND EQUIPMENT AND PROFESSIONAL DEVELOPMENT. ANNUAL GALA 41757 12382 29375 850 47198 CO-OP FUND 39440 39440 1 8685 0 8685 89882 51822 38060 850 47198 48048 -9988 1 FINANCIAL AID FOR TRIPS 518 FINANCIAL NEED BASE AID TUITION ASSISTANCE 302791 FINANCIAL NEED BASE AID FINANCIAL ASSISTANCE FOR AFTER CARE 20689 FINANCIAL NEED BASE AID FINANCIAL ASSISTANCE FOR CAMP, BSP 6689 FINANCIAL NEED BASE AID PART I, LINE 2: THE FINANCIAL AID APPLICATION PROCESS IS OPEN TO ALL FAMILIES WITH CHILDREN IN GRADES 1-8. THE SCHOOL UTILIZES TADS, A THIRD PARTY SERVICE TO OBTAIN THE DATA AND SUPPORTING DOCUMENTATION FROM APPLICANTS AND THEY CALCULATE A RECOMMENDED AWARD BASED ON NEED AND AVAILABLE FUNDS. THE MEMBERS OF THE FINANCIAL AID COMMITTEE ARE THE HEAD OF THE SCHOOL, THE BUSINESS MANAGER AND THE DIRECTOR OF ADMISSIONS. THIS COMMITTEE REVIEWS THE RECOMMENDATIONS AND MAKES THE FINAL AWARDS TO FAMILIES. X 0 0 0 0 0 0 0 0 0 ANA YOUNGHUSBAND HEAD OF SCHOOL 152250 0 0 0 0 0 12000 0 0 0 164250 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 A MEMBER SHALL BE DEFINED AS ANY PARENT OR OTHER PERSON RESPONSIBLE FOR THE WELFARE OF A CHILD ENROLLED IN THE SCHOOL. SUCH MEMBERS SHALL HAVE THE RIGHT SUBMIT AN ADVISORY VOTE ON THE ANNUAL BUDGET. FINAL APPROVAL IS MADE BY THE BOARD OF TRUSTEES. MEMBERS MAY HOLD APPOINTED OR ELECTED OFFICE IN THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A - ELECTION OF BOARD CHAIR: CONDUCTED BY COMMITTEE ON TRUSTEES AT A REGULARLY SCHEDULED BOARD MEETING, HELD DURING THE MONTH THAT PRECEDES BOARD ELECTIONS. - OFFICERS AND MEMBERS AT LARGE: ELECTION BY THE GENERAL MEMBERSHIP IS CONDUCTED BY A NOMINATING COMMITTEE DURING THE LATTER PART OF APRIL, VIA A SECRET BALLOT. - COMMUNITY MEMBERS: ARE APPOINTED BY THE BOARD CHAIR SUBJECT TO CONFIRMATION BY A MAJORITY OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED BY THE ENTITY'S INDEPENDENT ACCOUNTING FIRM TO THE AUDIT COMMITTEE AND OR FINANCE COMMITTEE, WHO THEN PRESENT IT TO THE BOARD OF TRUSTEES FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ACCORDING TO THE ORGANIZATION BYLAWS NO TRUSTEE OR MEMBER OR HIS/HER IMMEDIATE FAMILY OR AN ENTITY OWNED BY ANY SUCH INDIVIDUAL MAY DO BUSINESS WITH THE SCHOOL UNLESS THE FACTS OF THE PARTICULAR TRANSACTION HAVE BEEN FULLY DISCLOSED AND THE TRANSACTION HAS BEEN EXPRESSLY AUTHORIZED BY A MAJORITY OF THE TRUSTEES. THE AFFECTED TRUSTEE SHALL NOT VOTE OR DEBATE ON SAID MATTER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION: THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS COMPENSATION PACKAGES AND ESTABLISHES COMPENSATION BASED ON WRITTEN EMPLOYMENT CONTRACTS FOR THE HEAD OF SCHOOL ONLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT RECOVERY 700. FORM 990, PART XI, QUESTION 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE REVIEW. FORM 990, PART VI, QUESTION 13 IN JUNE 28, 2023, THE MONTCLAIR COOPERATIVE SCHOOL WAS REACCREDITED BY NJAIS. FORM 990, PART VI, QUESTION 14 A RECORDS RETENTION POLICY IS INCORPORATED INTO THE NEW EMPLOYEE HANDBOOK BASED UPON THE LEGAL ADVICE OF A PROBONO PARTNERSHIP WITH WHICH THE ORGANIZATION WORKS.