2026-07-14T11:16:49-05:00 2025-08-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-09-01 132539267 ALL SOULS SCHOOL ALLS 2128615232 1157 LEXINGTON AVENUE NEW YORK NY 10075 DR JENNIFER VEST EXECUTIVE DIRECTOR 2128615232 2026-07-14 1 1 EVA MRUK P00543254 9143818900 2026-07-14 2024 2025-03-06 01:10:19Z DR JENNIFER VEST 1157 LEXINGTON AVENUE NEW YORK NY 10075 5267672 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. 14 14 34 115 0 0 1044386 1126884 3357388 3918373 30658 14721 23452 -28508 4455884 5031470 98680 103375 0 0 2929811 3357706 48000 23100 124072 1736783 1663495 4813274 5147676 -357390 -116206 24548131 25653620 12828959 13017879 11719172 12635741 X SEE SCHEDULE O. 0 0 3615507 103375 3916672 ALL SOULS SCHOOL OFFERS AN EARLY CHILDHOOD DAY SCHOOL FOR CHILDREN FROM INFANCY TO FIVE YEARS OLD. THE PROGRAM PROVIDES A DYNAMIC CLASSROOM ENVIRONMENT DESIGNED TO FOSTER INTELLECTUAL CURIOSITY, MEANINGFUL DISCOVERY, AND COLLABORATIVE SOCIAL INTERACTIONS. THROUGH ENGAGING, IN-DEPTH PROJECTS, CHILDREN DEVELOP FOUNDATIONAL SKILLS THAT SUPPORT THEIR GROWTH. IN THE 2024-25 SCHOOL YEAR, ALL SOULS SCHOOL SERVED APPROXIMATELY 135 STUDENTS AND OPERATES PRIMARILY THROUGH TUITION AND FEES. 3615507 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 25 0 34 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 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 GREGORY GIBSON CHAIR 5.00 X X 0 0 0 LITA TANDON VICE-CHAIR 5.00 X X 0 0 0 SHASHANK PATEL TREASURER 5.00 X X 0 0 0 KELLY GRIMMETT SECRETARY 5.00 X X 0 0 0 ELLEN BIRNBAUM TRUSTEE 1.00 X 0 0 0 DR KAVITA DHARMARAJAN TRUSTEE 1.00 X 0 0 0 JONINA HERTER TRUSTEE 1.00 X 0 0 0 ANNEKA KAMEL TRUSTEE 1.00 X 0 0 0 JOEL KARANSKY TRUSTEE 1.00 X 0 0 0 JOHN KEHOE TRUSTEE 1.00 X 0 0 0 MATTHEW LITTLE TRUSTEE 1.00 X 0 0 0 AMY MALONE TRUSTEE 1.00 X 0 0 0 GAURAV MIRCHANDANI TRUSTEE 1.00 X 0 0 0 IVY NUNZIATA TRUSTEE 1.00 X 0 0 0 DR JENNIFER VEST EXECUTIVE DIRECTOR 40.00 X 256414 0 45346 NOUBAR TOROSSIAN DIRECTOR OF FINANCE 40.00 X 114920 0 24445 ELISE TEICHERT HEAD TEACHER 40.00 X 143028 0 28696 SUSAN HESS ASSISTANT DIRECTOR 40.00 X 151961 0 28485 SUSAN MALONE DIRECTOR OF ADMISSIONS 40.00 X 147992 0 28217 814315 0 155189 5 0 1 0 0 96289 1030595 151462 1126884 TUITION 611710 3794446 3794446 AUXILLARY SERVICES 611710 111802 111802 PARENT ASSOCIATION DUE 611710 12125 12125 3918373 11962 11962 19500 19500 0 0 118702 115943 2759 2759 2759 69280 96289 96622 -27342 -27342 535 0 535 535 2436 4137 -1701 -1701 5031470 3916672 0 -12086 103375 103375 455531 314499 133980 7052 2131213 1471391 626831 32991 76972 53140 22639 1193 448161 315528 125992 6641 245829 169716 72303 3810 35907 35907 23100 23100 789 789 246428 166241 75785 4402 4557 4557 92372 48209 39615 4548 43028 1351 41677 734824 661188 73636 17414 13514 3900 303265 248676 27295 27294 69805 69805 STAFF DEVELOPMENT 45023 36309 8714 OTHER OPERATING/PA EXPE 33497 30698 2799 REPAIRS AND MAINTENANCE 28744 25884 2860 FOOD 7842 1500 6342 5147676 3615507 1408097 124072 171730 328659 1412491 2878755 527454 579154 51638 50268 5017872 978034 4287972 4039838 177809 208669 8610736 8642969 9308301 8925308 24548131 25653620 21016 8018 2679258 3106852 10128685 9903009 12828959 13017879 X 11368922 12356507 350250 279234 11719172 12635741 24548131 25653620 -116206 1032775 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4852978 845006 4007972 164894 133028 31866 4039838 POOLED INVESTMENT 2593206 F ALTERNATIVE INVESTMENT 6049763 F 8642969 RIGHT OF USE ASSET - OPERATING LEASE, NET 8925308 8925308 DEFERRED COMPENSATION PAYABLE 208669 LEASE LIABILITY, OPERATING LEASE 9694340 9903009 X 5987724 1032775 47431 1080206 4907518 789 123163 123952 5031470 5071155 47431 47431 5023724 789 123163 123952 5147676 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, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD INCLUDED ON PART VIII, LINE 10B 4,137. SPECIAL EVENT EXPENSES INCLUDED ON PART VIII, LINE 8B 43,294. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID INCLUDED ON PART IX, LINE 2 103,375. TUITION REMISSION INCLUDED ON PART IX, LINE 9 19,788. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD INCLUDED ON PART VIII, LINE 10B 4,137. SPECIAL EVENT EXPENSES INCLUDED ON PART VIII, LINE 8B 43,294. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID INCLUDED ON PART IX, LINE 2 103,375. TUITION REMISSION INCLUDED ON PART IX, LINE 9 19,788. 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 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. X X X X X 1 SEAN COLLINS 26 COUNTRY CLUB DR PORT WASHINGTON NY 11050 FUNDRAISING/STRATEGIC PLANNING 0 525000 23100 501900 525000 23100 501900 NY ANNUAL BENEFIT 165569 96289 69280 36900 3750 55972 165569 96289 69280 36900 3750 55972 96622 -27342 SCHEDULE G, PART I, LINE 2B, COLUMN (V) SEAN COLLINS WAS RETAINED TO DEVELOP A COMPREHENSIVE FUNDRAISING PLAN AND CONDUCT DONOR RESEARCH AND PROSPECT MANAGEMENT TO BUILD AND MAINTAIN RELATIONSHIPS WITH DONORS AND STAKEHOLDERS TO SUPPORT THE ORGANIZATION'S MISSION. THE AGREEMENT PROVIDES FOR MONTHLY RETAINER AS WELL AS THE REIMBURSEMENT OF EXPENSES IF PRE-APPROVED BY THE ORGANIZATION. 1 FINANCIAL AID/TUITION ASSISTANCE 5 103375 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 242000 0 14143 0 271 0 24200 0 21146 0 301760 0 0 0 SUSAN HESS ASSISTANT DIRECTOR 149950 0 1893 0 118 0 7498 0 20987 0 180446 0 0 0 SUSAN MALONE DIRECTOR OF ADMISSIONS 145300 0 1743 0 949 0 7265 0 20952 0 176209 0 0 0 ELISE TEICHERT HEAD TEACHER 140016 0 2040 0 972 0 7001 0 21695 0 171724 0 0 0 PART I, LINE 7 INDIVIDUALS REPORTED ON FORM 990, PART VII, SECTION A RECEIVED BOARD APPROVED DISCRETIONARY BONUSES IN THEIR 2024 FORM W-2. X 2 102035 AVG. SELLING PRICE X 1 600 COST X TICKETS/OTHER 52 48827 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN B OF SCHEDULE M. 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. DURING FY2025, THE SCHOOL TERMINATED ITS RELATIONSHIP WITH THE PEO. 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 DIRECTOR OF FINANCE, BOARD TREASURER, AND EXECUTIVE DIRECTOR. ONCE MANAGEMENT IS COMFORTABLE WITH THE RETURN, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. THE RETURN IS DISTRIBUTED TO BOARD MEMBERS ELECTRONICALLY BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL 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) STATE THAT THE INTERESTED PERSON WAS NOT PRESENT DURING THE FINAL DELIBERATION OR VOTE, 3) STATE THAT THE INTEREST CONFLICTED, IF A TRUSTEE, THE INDIVIDUAL 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 2024. 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 BYLAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST.