2024-05-09T19:28:26-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 222170151 THE VILLAGE SCHOOL INC VILL 2014456160 100 W PROSPECT STREET WALDWICK NJ 07463 MARY LYNCH CHAIRMAN 2014456160 2024-05-09 1 MARY LYNCH XXX-XX-XXXX 1 MELISSA MODELSON P01603524 9143818900 2024-05-08 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAURA DYKSTRA 100 W PROSPECT STREET WALDWICK NJ 07463 7247665 0 X WWW.THEVILLAGESCHOOL.NET X 1977 NJ OUR MISSION, IN PARTNERSHIP WITH TEACHERS, PARENTS AND STUDENTS, IS TO NURTURE A LIFELONG LOVE OF LEARNING. OUR "WHOLE CHILD" FOCUS CREATES SELF-MOTIVATED, CREATIVE CRITICAL THINKERS AND KIND, RESPONSIBLE GLOBAL CITIZENS. WE ARE UNFLAGGING IN OUR COMMITMENT TO OUR STUDENTS AND STRIVE TO CREATE AN EXCEPTIONAL AND AUTHENTIC MONTESSORI ENVIRONMENT, SO THAT EACH STUDENT MAY ACHIEVE THEIR MAXIMUM POTENTIAL. 8 8 65 25 0 0 321519 419443 4115622 5725068 0 30041 0 59753 4437141 6234305 0 320811 0 0 3295841 3814913 0 0 72015 1351315 1687246 4647156 5822970 -210015 411335 14884221 14672742 7406300 6769734 7477921 7903008 X OUR MISSION, IN PARTNERSHIP WITH TEACHERS, PARENTS AND STUDENTS, IS TO NURTURE A LIFELONG LOVE OF LEARNING. OUR "WHOLE CHILD" FOCUS CREATES SELF-MOTIVATED, CREATIVE CRITICAL THINKERS AND KIND, RESPONSIBLE GLOBAL CITIZENS. WE ARE UNFLAGGING IN OUR COMMITMENT TO OUR STUDENTS AND STRIVE TO CREATE AN EXCEPTIONAL AND AUTHENTIC MONTESSORI ENVIRONMENT, SO THAT EACH STUDENT MAY ACHIEVE THEIR MAXIMUM POTENTIAL. 0 0 4272417 320811 5725068 ENSURE ALL PROGRAMS OFFER THE HIGHEST QUALITY EDUCATION ACCORDING TO MONTESSORI STANDARDS. INCREASED INNOVATION, QUALITY ASSURANCE COMMUNICATION ACROSS THE SCHOOL COMMUNITY, AND FULL ENROLLMENT.THE VILLAGE SCHOOL IS GUIDED BY THE THEORY AND PRACTICE OF THE MONTESSORI PHILOSOPHY AND BELIEVES THAT IT IS FUNDAMENTALLY IMPORTANT TO:1. FOSTER A LIFELONG LOVE OF LEARNING.2. IMPART A CHALLENGING CURRICULUM THAT SUPPORTS AND RESPECTS INDIVIDUAL LEARNING STYLES IN MULTI-AGE CLASSROOMS.3. EDUCATE THE WHOLE CHILD BY RECOGNIZING AND RESPECTING THE PHYSICAL, EMOTIONAL, AND INTELLECTUAL INDIVIDUALITY OF EACH CHILD.4. NURTURE IN EACH CHILD CREATIVITY, INDEPENDENCE, SELF-CONFIDENCE, AND THE JOY OF DISCOVERY.5. PROVIDE WELL-STRUCTURED ENVIRONMENTS, ORDER AND ORIENTATION IN CLASSROOMS, PROPER SEQUENCING OF MATERIALS, AND A CONSISTENT EDUCATIONAL APPROACH.6. ENCOURAGE SENSITIVITY AND AWARENESS FOR ALL PEOPLE AND CULTURES AS WELL AS FOR THE GLOBAL ENVIRONMENT.7. AFFIRM AND SUPPORT THE VALUE OF FAMILY-SCHOOL PARTNERSHIPS BY ENCOURAGING ACTIVE FAMILY INVOLVEMENT.8. DEVELOP A SENSE OF COMMUNITY IN AND OUT OF CLASSROOMS BY ENCOURAGING COOPERATIVE LEARNING, PROBLEM SOLVING, AND COMMUNITY SERVICE. 4272417 1 1 0 0 0 0 0 0 1 0 1 0 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 27 0 65 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NJ X LAURA DYKSTRA HEAD OF SCHOOL 2014456160 100 W PROSPECT STREET WALDWICK NJ 07463 MARY LYNCH CHAIRMAN 2.00 X X 0 0 0 VICKEN ASTOURIAN TRUSTEE 1.00 X 0 0 0 RONALD CARR TRUSTEE 1.00 X 0 0 0 SUSAN GLANCY TRUSTEE 1.00 X 0 0 0 MANNY HABER TRUSTEE 1.00 X 0 0 0 DIANA KANIUGA TRUSTEE 1.00 X 0 0 0 KENNETH MIAO TRUSTEE 1.00 X 0 0 0 ANN MARIE SNYDER TRUSTEE 1.00 X 0 0 0 LAURA DYKSTRA HEAD OF SCHOOL 40.00 X 150774 0 463 EUNICE ARMSTRONG DIRECTOR OF FINANCE & OPERATIONS 40.00 X 64500 0 3120 MARILYN LARKIN FORMER FOUNDING DIRECTOR 0.00 X 124417 0 0 DADMARA DESANTIS FORMER SCHOOL DIRECTOR 0.00 X 124417 0 0 464108 0 3583 1 1 1 0 P & F CLEANING SERVICES LLC 6112 MONROE PLACE WEST NEW YORK NY 07093 FACILITY CLEANING SERVICES 102825 1 86936 332507 37756 419443 TUITION AND FEES 611600 5465976 5465976 STUDENT PROGRAMS 611600 259092 259092 5725068 32783 32783 60695 0 60695 60695 60695 979001 981743 -2742 -2742 -2742 18630 86936 25872 -7242 -7242 12045 5745 6300 6300 6234305 5725068 0 89794 2783 2783 318028 318028 277120 65250 197370 14500 2859725 2377347 452916 29462 418840 384719 32428 1693 259228 202198 54438 2592 3365 673 2524 168 15000 3000 11250 750 273565 65955 194901 12709 4420 3978 442 84452 4620 77522 2310 52286 10457 39215 2614 95340 95340 6866 5352 1514 5000 3898 1102 193027 193027 396092 316874 79218 173703 138962 31267 3474 INSTRUCTIONAL SUPPLIES 270592 235191 35401 REPAIRS AND MAINTENANCE 76047 41770 34277 MISCELLANEOUS EXPENSES 16195 16195 STAFF AND STUDENT APPRE 15277 15277 6019 4718 1301 5822970 4272417 1478538 72015 1855483 806135 0 1043482 30549 20977 0 36188 15104465 4385250 11136252 10719215 1861937 2023457 0 23288 14884221 14672742 341785 390637 2171364 1662043 31000 31000 4397469 4134934 464682 551120 7406300 6769734 X 7477921 7903008 7477921 7903008 14884221 14672742 X 411335 176673 -141975 -20946 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1280561 1280561 11122860 3034951 8087909 2265237 1018107 1247130 121251 121251 0 314556 210941 103615 10719215 DEFERRED COMPENSATION 527832 OPERATING LEASE LIABILITY 23288 551120 X 5871885 176673 31617 208290 5663595 570710 570710 6234305 5283877 31617 31617 5252260 570710 570710 5822970 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FOR VENDORS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE VENDORS AFTER THEIR RENTAL AGREEMENT HAS EXPIRED. 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: FUNDRAISING EVENT EXPENSES REPORTED ON PART VIII 31,617. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION NETTED AGAINST REVENUE 570,710. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED ON PART VIII 31,617. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION NETTED AGAINST REVENUE 570,710. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT OF THE SCHOOL'S NONDISCRIMINATORY POLICY IS PROVIDED IN NEWSPAPER ADVERTISEMENTS AND BROCHURES TO THE PUBLIC AS WELL AS POSTED ON THE SCHOOL'S HOMEPAGE. ANNUAL GALA 105566 86936 18630 21833 3275 764 105566 86936 18630 21833 3275 764 25872 -7242 1 SCHOLARSHIPS AND FINANCIAL AID 59 318028 PART I, LINE 2: THE VILLAGE SCHOOL IS COMMITTED TO MAINTAINING A DIVERSE AND INCLUSIVE COMMUNITY. AS PART OF THAT COMMITMENT, THE SCHOOL HAS ESTABLISHED A NEED-BASED FINANCIAL AID PROGRAM. FINANCIAL AID FUNDS ARE GENERATED FROM THE SCHOOL'S OPERATING BUDGET, ANNUAL GIVING AND OTHER FUND-RAISING ACTIVITIES. FINANCIAL AID AWARDS CAN PROVIDE UP TO 50% OF THE TOTAL TUITION THROUGH A COMBINATION OF SCHOLARSHIP AND WORK CREDITS WITH PARENTS PAYING AT LEAST 50% OF THE TUITION. THE FINANCIAL AID COMMITTEE, UNDER THE SUPERVISION OF THE HEAD OF SCHOOL, DETERMINES ELIGIBILITY. THE COMMITTEE CONSISTS OF THE DIRECTOR OF FINANCIAL AID, DIRECTOR OF ADMISSIONS, AND THE DIRECTOR OF FINANCE. THE BOARD OF TRUSTEES SETS THE SHORT- AND LONG-TERM SCHOOL BUDGETS, WHICH INCLUDE THE FINANCIAL AID BUDGET. FINANCIAL AID IS BASED SOLELY ON FINANCIAL NEED. TO DETERMINE THE FAIREST AND MOST EQUITABLE FAMILY CONTRIBUTION, THE SCHOOL USES SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID (S.S.S.) BASED IN PRINCETON, NEW JERSEY. X X X 1 0 0 0 0 0 0 1 0 LAURA DYKSTRA HEAD OF SCHOOL 127037 0 5000 0 18737 0 0 0 463 0 151237 0 0 0 DADMARA DESANTIS FORMER SCHOOL DIRECTOR 0 0 0 0 124417 0 0 0 0 0 124417 0 0 0 MARILYN LARKIN FORMER FOUNDING DIRECTOR 0 0 0 0 124417 0 0 0 0 0 124417 0 0 0 PART I, LINE 4A DADMARA DESANTIS, FORMER SCHOOL DIRECTOR AND MARILYN LARKIN, FOUNDING DIRECTOR, BOTH RECEIVED A SEVERANCE PAYMENT OF $93,244 INCLUDED IN THEIR 2022 W-2S. PART I, LINE 7 LAURA DYKSTRA, HEAD OF SCHOOL, RECEIVED A BOARD DISCRETIONARY BONUS INCLUDED IN HER 2022 FORM W-2. X 2 37756 AVG. SELLING PRICE 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 A, LINE 8B THE BOARD ACTED AS A WHOLE ON ALL MATTERS AND NO COMMITTEE WAS APPOINTED DURING THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE 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. AFTER THE FORM 990 HAS BEEN PREPARED, THE RETURN IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE. WHEN THE FORM IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE VILLAGE SCHOOL INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL DIRECTORS, OFFICERS, AND EMPLOYEES ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CHAIRPERSON OF THE BOARD WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE BOARD OR COMMITTEE WILL INFORM THE MEMBER OF THE BASIS OF SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO RESPOND. THE BOARD OR COMMITTEE WILL DISCLOSE THE CONFLICT OF INTEREST AND HOW THE CONFLICT WAS HANDLED. THE PERSON WITH THE ACTUAL CONFLICT OF INTEREST WILL BE PROHIBITED FROM VOTING ON THE MATTER THAT GIVES RISE TO THE CONFLICT. IF THERE HAS BEEN SUBSTANTIAL AND REPEATED FAILURES TO DISCLOSE ACTUAL CONFLICTS OF INTEREST, THE BOARD MAY TAKE APPROPRIATE DISCLIPLINARY AND CORRECTIVE ACTION, INCLUDING REMOVAL OF THE MEMBER. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION ENGAGED A COMPENSATION CONSULTANT TO REVIEW THE TWO DIRECTORS' COMPENSATION. 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 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 OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL -20,946. FORM 990, PART XI, LINE 8, PRIOR PERIOD ADJUSTMENT: DURING THE YEAR ENDED JUNE 30, 2023, THE SCHOOL REINVESTIGATED ITS PRIOR YEAR ACCOUNT BALANCES. AS A RESULT, THE SCHOOL DETERMINED CERTAIN ADJUSTMENTS WERE REQUIRED TO PROPERLY REPORT THE ACTIVITY DURING FISCAL YEAR ENDED JUNE 30, 2022. THESE ADJUSTMENTS RESULTED IN A PRIOR PERIOD ADJUSTMENT OF $(141,975). THE ADJUSTMENTS AFFECTED THE FOLLOWING AREAS: INVESTMENTS, DEFERRED TUITION, DEFERRED COMPENSATION, FINANCIAL AID, AND SALARIES AND WAGES.