2024-05-06T09:45:38-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 221487171 ELISABETH MORROW SCHOOL INC ELIS 2015685566 435 LYDECKER STREET ENGLEWOOD NJ 07631 MAREK BECK HEAD OF SCHOOL 2015685566 2024-05-06 1 MAREK BECK 999009999 1 MELISSA MODELSON P01603524 9143818900 2024-05-06 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MAREK BECK 435 LYDECKER STREET ENGLEWOOD NJ 07631 18911375 0 X WWW.ELISABETHMORROW.ORG X 1930 NJ TO PROVIDE CHALLENGING ACADEMIC PROGRAMS TO CHILDREN FROM 2 YEARS OLD TO 8TH GRADE. 16 16 228 184 0 0 2285701 1159093 16707147 17483429 9404 109720 645591 44815 19647843 18797057 2190831 2235269 0 0 13054844 13358520 0 0 620139 3647269 4212478 18892944 19806267 754899 -1009210 45882787 47261656 7309927 7948776 38572860 39312880 TO PROVIDE EXEMPLARY ACADEMICS AND CHARACTER DEVELOPMENT IN A DIVERSE AND INCLUSIVE CHILD-CENTERED COMMUNITY, INSPIRING STUDENTS TO BECOME CURIOUS SCHOLARS, ETHICAL LEADERS, AND GLOBAL CITIZENS. 0 0 15176342 2235269 17483429 THE ORGANIZATION OPERATES A PRIVATE PRIMARY SCHOOL PROGRAM FOR GRADES PRESCHOOL THROUGH GRADE EIGHT. 15176342 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 60 0 228 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 0 1 1 0 0 X MAREK BECK 2015685566 435 LYDECKER STREET ENGLEWOOD NJ 07631 ELIZABETH GABBAY PRESIDENT 2.00 X X 0 0 0 GREG AMERKANIAN 1ST VICE PRESIDENT 2.00 X X 0 0 0 JOSEPH AGRESTA JR 2ND VICE PRESIDENT 2.00 X X 0 0 0 ROBIN DILLARD 2ND VICE PRESIDENT 2.00 X X 0 0 0 OLIVER LENNOX 2ND VICE PRESIDENT 2.00 X X 0 0 0 DANA RANAWAT 2ND VICE PRESIDENT 2.00 X X 0 0 0 WENDI HOEBEN THOMPSON SECRETARY 2.00 X X 0 0 0 VICTOR ALVAREZ TREASURER 2.00 X X 0 0 0 CANDACE GONZALEZ TRUSTEE 2.00 X 0 0 0 JASON KIM TRUSTEE 2.00 X 0 0 0 SIMONA KORIK-BARRETT TRUSTEE 2.00 X 0 0 0 JAMIL MYRIE TRUSTEE 2.00 X 0 0 0 JENNIFER OSTFELD TRUSTEE 2.00 X 0 0 0 JEFFREY ROWBOTTOM TRUSTEE 2.00 X 0 0 0 GEORGE STAPHOS TRUSTEE 2.00 X 0 0 0 ALFONSO WALLER TRUSTEE 2.00 X 0 0 0 MAREK BECK HEAD OF SCHOOL 35.00 X 327247 0 105722 EDWARD PINGER INTERIM CFO/COO THRU NOV 22 35.00 X 235965 0 41767 MIKE VIRZI COO EFF NOV 2022 DIR. OF OPS & PLANNING THRU NOV 22 35.00 X 206329 0 27976 AMELIA GOLD ASSOCIATE HEAD OF SCHOOL 35.00 X 215810 0 113508 CAITLIN READ DIRECTOR OF ENROLLMENT MANAGEMENT 35.00 X 154428 0 47818 LEIGH A ASHBURN DIR. OF COMMUNICATIONS & MARKETING 35.00 X 142805 0 21313 ELENI SIDERIAS HEAD OF MIDDLE SCHOOL 35.00 X 177326 0 47743 JAMES KANAL ASSISTANT DIRECTOR OF THE ARTS 35.00 X 136686 0 5089 CHRISTO KAPSALIS DIR. OF ADMINISTRATIVE TECHNOLOGY 35.00 X 124843 0 18171 MAUREEN FONSECA FORMER HEAD OF SCHOOL 0.00 X 175000 0 0 1896439 0 429107 18 1 1 0 THE LEEGIS GROUP INC 277 WEST CLAY AVENUE ROSELLE PARK NJ 07204 GENERAL CONTRACTOR 2610900 RAINBOW TRANSPORTATION CO 51 LEGION DRIVE 1 BERGENFIELD NJ 07621 TRANSPORTATION 234810 PARTNERS FACILITY SERVICES INC PO BOX 2118 FLEMINGTON NJ 08822 PROFESSIONAL CLEANING SERVICES 180870 NUVU LLC 450 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 STUDIO LEARNING INSTRUCTION 180000 PROMENET INC 42 BROADWAY 16TH FLOOR NEW YORK NY 10004 IT SERVICES 106304 6 231449 30765 896879 54502 1159093 TUITION AND FEES 611710 16035956 16035956 AUXILIARY INCOME 611710 1447473 1447473 17483429 109720 109720 11675 0 11675 11675 11675 135065 231449 114318 20747 20747 OTHER REVENUE 900099 7787 7787 BAD DEBT RECOVERY 900099 4606 4606 12393 18797057 17483429 0 154535 2235269 2235269 1096936 252316 808138 36482 9395141 7497115 1528174 369852 464045 372792 73114 18139 1560000 1216233 283777 59990 842398 628525 181266 32607 72545 72545 62775 62775 51950 51950 304384 55356 248448 580 107820 21556 86264 158953 67263 69341 22349 247181 140978 87810 18393 151955 127642 22793 1520 773138 649436 115971 7731 132320 55014 75999 1307 PROGRAM COSTS 772161 770774 1387 STUDENT BUSING & TRANSP 401666 401666 CUSTODIAL SERVICES AND 341152 286573 51168 3411 OPERATIONS & MAINTENANC 254194 216738 35113 2343 380284 181096 153753 45435 19806267 15176342 4009786 620139 2421913 1116148 3688236 3799003 294462 155833 2794073 3129002 209686 159368 33842173 12697738 19769474 21144435 15620486 16596574 1084457 1161293 45882787 47261656 1628373 1391296 5681554 6480644 0 76836 7309927 7948776 X 28243160 28593838 10329700 10719042 38572860 39312880 45882787 47261656 -1009210 1749230 0 X X 0 1 X 0 0 X 2995920 1530798 4328976 2285701 1159093 12300488 2995920 1530798 4328976 2285701 1159093 12300488 2007013 10293475 401809 174011 3756 18259 121395 719230 20747 20747 17311 10902 186497 642713 12393 869816 13910281 84068836 0.74000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15620486 109231 1697580 830723 16596574 18658283 2800 -2271549 769048 15620486 9694634 10358 9326488 373197 11699916 9781186 9132 249152 344836 9694634 9336474 276370 568523 400181 9781186 0.37023 0.45109 0.17868 0 0 971800 971800 29065250 10145202 18920048 3570660 2552536 1018124 234463 234463 21144435 COMMON FUND LONG TERM INVESTMENTS 16596574 F 16596574 OPERATING LEASE OBLIGATIONS 76836 76836 X 17692806 1749230 79065 1828295 15864511 51650 2880896 2932546 18797057 16952786 79065 79065 16873721 51650 2880896 2932546 19806267 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF 21 FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THESE PURPOSES INCLUDE: PROVIDING FINANCIAL AID, FACULTY DEVELOPMENT, AND TECHNOLOGY SUPPORT FOR THE STUDENTS. 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 NETTED AGAINST REVENUE 2,880,896. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 2,880,896. 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 ADVERTISES ITS NON DISCRIMINATORY POLICY IN A NEWSPAPER. THE POLICY IS ALSO MADE ACCESSIBLE ON THE SCHOOL'S INTERNET HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED ASSISTANCE FROM THE STATE OF NEW JERSEY. GALA 366514 231449 135065 9607 37000 2000 65711 366514 231449 135065 9607 37000 2000 65711 114318 20747 1 DISCOUNTED TUITION 88 2235269 PART I, LINE 2: THE ELISABETH MORROW SCHOOL USES SCHOOL AND STUDENT SERVICES (SSS/TADS) TO PROCESS FINANCIAL AID APPLICATIONS. PARENTS OF STUDENTS COMPLETE THE FINANCIAL STATEMENT FORM AND SUBMIT IT TO SSS ALONG WITH THE REQUIRED COPIES OF TAX RETURNS AND PROOF OF INCOME AND MORTGAGE AND BANK STATEMENTS. SSS/TADS PREPARES A NEED ANALYSIS REPORT WHICH SUGGESTS THE AMOUNT FAMILIES CAN CONTRIBUTE TOWARD EDUCATIONAL COSTS. X 1 0 X X X X 1 0 0 0 0 0 0 1 0 MAREK BECK HEAD OF SCHOOL 285790 0 41250 0 207 0 14750 0 90972 0 432969 0 0 0 AMELIA GOLD ASSOCIATE HEAD OF SCHOOL 214125 0 1478 0 207 0 22750 0 90758 0 329318 0 0 0 EDWARD PINGER INTERIM CFO/COO THRU NOV 22 217544 0 10980 0 7441 0 11289 0 30478 0 277732 0 0 0 MIKE VIRZI COO EFF NOV 2022 DIR. OF OPS & PLANNING THRU NOV 22 199644 0 6478 0 207 0 10239 0 17737 0 234305 0 0 0 ELENI SIDERIAS HEAD OF MIDDLE SCHOOL 175767 0 1478 0 81 0 8903 0 38840 0 225069 0 0 0 CAITLIN READ DIRECTOR OF ENROLLMENT MANAGEMENT 152869 0 1478 0 81 0 8303 0 39515 0 202246 0 0 0 MAUREEN FONSECA FORMER HEAD OF SCHOOL 0 0 0 0 175000 0 0 0 0 0 175000 0 0 0 LEIGH A ASHBURN DIR. OF COMMUNICATIONS & MARKETING 141237 0 1478 0 90 0 7265 0 14048 0 164118 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS PROVIDED WITH A PERSONAL RESIDENCE. USE OF THE PERSONAL RESIDENCE ON SCHOOL PROPERTY ALLOWS THE HEAD OF SCHOOL TO BE AVAILABLE AT VARIOUS TIMES OF THE DAY, NIGHT, AND WEEKENDS FOR SCHOOL ACTIVITIES; AND TO MEET WITH CURRENT AND PROSPECTIVE STUDENTS, FAMILIES, AND DONORS. USE OF THE RESIDENCE IS A CONDITION OF HIS EMPLOYMENT AND THE BENEFITS ARE PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER. THE BENEFITS ARE TREATED AS NON-TAXABLE UNDER IRC SECTION 119, AND IS INCLUDED IN THE AMOUNT REPORTED IN PART II, COLUMN (D). PART I, LINE 4A MAUREEN FONSECA RECEIVED SEVERANCE PAYMENTS IN THE AMOUNT OF $175,000 DURING CALENDAR YEAR 2022 WHICH WERE INCLUDED IN HER FORM W-2. PART I, LINE 7 THE ORGANIZATION PAID DISCRETIONARY BONUSES TO CERTAIN INDIVIDUALS LISTED IN PART II AS REPORTED IN COLUMN B(II) FOR THE APPLICABLE INDIVIDUALS. X 4 14236 AVG. SELLING PRICE X TEXTBOOKS & SUPPLIES 1 30765 COST X AUCTION ITEMS 27 9501 COST 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS THEN PROVIDED TO ALL MEMBERS OF THE FINANCE COMMITTEE FOR THEIR REVIEW. ALL MEMBERS OF THE BOARD OF TRUSTEES RECEIVE A COMPLETE COPY OF THE 990, WITH THE EXCEPTION OF SCHEDULE B, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH APPLIES TO ITS OFFICERS, TRUSTEES, AND KEY EMPLOYEES. SUCH PERSONS ARE REQUIRED TO DISCLOSE ANNUALLY, AND AS THEY MAY ARISE, ANY INTEREST THAT COULD GIVE RISE TO A CONFLICT. DISCLOSURES ARE REVIEWED BY THE ORGANIZATION'S BOARD OF TRUSTEES WHO MAKES THE DETERMINATION AS TO WHETHER THE TRANSACTION INVOLVES A SUBSTANTIAL FINANCIAL INTEREST AND WHETHER TO APPROVE THE TRANSACTION. THE INTERESTED PERSON MUST ABSTAIN FROM THE DISCUSSION AND VOTE ON THE TRANSACTION, AGREEMENT OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE HEAD OF SCHOOL SALARY WITH GUIDANCE FROM NAIS DATA AND PEER SCHOOL DATA WITH CONSIDERATION FOR LOCATION AND SIZE. ANNUAL ADJUSTMENTS IN THE HOS COMPENSATION ARE DETERMINED ON MEETING THE MUTUALLY AGREED HOS GOALS, RESULTS FROM BOARD OF TRUSTEE EVALUATION AND THE EXECUTIVE COMMITTEE EVALUATION. COMPENSATION OF KEY EMPLOYEES IS DETERMINED DURING THE HIRING PROCESS BY THE HOS WITH COMPARABLE MULTI-YEAR DATA OF SIMILAR ORGANIZATIONS AVAILABLE (NAIS DATA). ANNUAL ADJUSTMENTS FOR KEY EMPLOYEE COMPENSATION IS MADE BY THE HOS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S ENTIRE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.