2024-04-23T13:32:25-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 221489901 FAR HILLS COUNTRY DAY SCHOOL FARH 9087660622 ROUTE 202 PO BOX 8 FAR HILLS NJ 07931 LORI FITZGIBBON CFO 9087660622 2024-04-23 1 LORI FITZGIBBON XXX-XX-XXXX 1 EVA MRUK P00543254 9143818900 2024-04-23 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GEORGIA ZAISER ROUTE 202 PO BOX 8 FAR HILLS NJ 07931 13261979 0 X WWW.FHCDS.ORG X 1929 NJ THROUGH ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT, FAR HILLS COUNTRY DAY SCHOOL PROVIDES EACH CHILD BRILLIANT BEGINNINGS FOR SUCCESS IN THE MODERN WORLD. FAR HILLS COUNTRY DAY SCHOOL PROVIDES A CURRICULUM THAT SUPPORTS ACADEMIC EXCELLENCE AS WELL AS EMOTIONAL INTELLIGENCE. FAR HILLS ALSO PROVIDES A CHARACTER-BASED EDUCATION THROUGH THE PILLARS OF CHARACTER: RESPECT, RESPONSIBILITY, LEADERSHIP, KINDNESS, HONESTY. THE FIVE PILLARS OF CHARACTER PERMEATE EVERYDAY LIFE AT FAR HILLS. OUR COMMITMENT TO THE PILLARS IS FUNDAMENTAL TO MAKING OUR COMMUNITY STRONG AND THE WORLD A BETTER PLACE. 18 16 119 50 0 0 2081933 1739591 11079270 11030150 13627 124753 196096 235633 13370926 13130127 1932940 1846106 0 0 6560856 7085746 0 0 826058 4761204 4650713 13255000 13582565 115926 -452438 48085636 48123885 7504212 7068143 40581424 41055742 X THROUGH ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT, FAR HILLS COUNTRY DAY SCHOOL PROVIDES EACH CHILD BRILLIANT BEGINNINGS FOR SUCCESS IN THE MODERN WORLD. 0 0 9853145 1846106 10799969 INSTRUCTIONAL SERVICESFAR HILLS COUNTRY DAY SCHOOL CHALLENGES STUDENTS TO THINK INDEPENDENTLY AND ACHIEVE CONFIDENTLY. THE SCHOOL'S SHARED GROWTH MINDSET CONTRIBUTES TO ITS EXPERIENTIAL, STUDENT-CENTERED APPROACH TO LEARNING, ITS WELCOMING COMMUNITY OF FAMILIES, AND ITS FOCUS ON DEVELOPING INDIVIDUAL STRENGTHS. AT FAR HILLS, STUDENTS ARE EMPOWERED TO GROW INWARD, OUTWARD, AND UPWARD AND GRADUATE PREPARED TO LEAD AT THE COUNTRY'S MOST COMPETITIVE SECONDARY SCHOOLS. THE ACADEMIC JOURNEY STARTS IN PRESCHOOL AND CONTINUES THROUGH GRADE 8. STUDENTS EXPLORE AND STUDY A VARIETY OF SUBJECTS, INCLUDING MATH, SCIENCE, LANGUAGE ARTS, STEAM, ART, SOCIAL STUDIES, AND HISTORY, AND MORE! WE INVITE YOU TO TAKE A DEEP DIVE INTO THE FAR HILLS COUNTRY DAY SCHOOL CURRICULUM BY VIEWING THE CURRICULUM GUIDE BELOW, OR BY CLICKING THE BUTTON THAT SAYS "EXPLORE OUR CURRICULUM" TO SEARCH BY GRADE LEVEL AND SUBJECT.THE SCHOOL PROVIDED 279 ENROLLED STUDENTS WITH EDUCATIONAL SERVICES, PROGRAMMING, AND OTHER STUDENT-CENTERED OFFERINGS DURING FY2023. THE SCHOOL ALSO PROVIDED 279 ENROLLED STUDENTS WITH LUNCH, SNACKS, ETC. DURING FY2023. 159710 140103 OTHER AUXILIARY SERVICES AFTER SCHOOL CARE, ENRICHMENT WORKSHOPS, HOMEWORK CLUB, SUMMER PROGRAMS. 76285 90078 MUSIC CONSERVATORYTHE SCHOOL OFFERS A MUSIC PROGRAM AVAILABLE TO ALL ENROLLED STUDENTS WITH AN AVERAGE OF 53 REGISTERED FOR MUSIC LESSONS IN THE FALL AND SPRING. 10089140 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 20 0 119 1 0 1 EI 0 0 0 1 1 0 0 0 0 0 0 X 18 16 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X LORI FITZGIBBON CFO 9087660622 ROUTE 202 PO BOX 8 FAR HILLS NJ 07931 GEORGIA ZAISER HEAD OF SCHOOL 60.00 X X 279014 0 60511 JOE FERRARO CHAIR 15.00 X X 0 0 0 COLLEEN MCCLOSKEY VICE-CHAIR 5.00 X X 0 0 0 MICHAEL VOLLERO TREASURER 5.00 X X 0 0 0 ALISON MEYER SECRETARY 5.00 X X 0 0 0 ROHAN ARJUN TRUSTEE 5.00 X 0 0 0 DIANE CALELLO TRUSTEE 5.00 X 0 0 0 GAVIN EVANS TRUSTEE 5.00 X 0 0 0 CRAIG HALL TRUSTEE 5.00 X 0 0 0 DR TIM ISGRO TRUSTEE 5.00 X 0 0 0 PRISCILLA MILLER TRUSTEE 5.00 X 0 0 0 MICHAEL MORAIS TRUSTEE 5.00 X 0 0 0 LIZ MORRISON TRUSTEE 5.00 X 0 0 0 MICHAEL PETILLO TRUSTEE 5.00 X 0 0 0 YVONNE PREVIDI TRUSTEE 5.00 X 0 0 0 MITCHELL REITER MD TRUSTEE 5.00 X 0 0 0 LAURA VAN ROOYEN TRUSTEE 5.00 X 0 0 0 CLAYTON WALTON TRUSTEE 5.00 X 0 0 0 RAEL WELSH TRUSTEE, THRU 11/29/22 5.00 X 0 0 0 LORI A FITZGIBBON CFO 50.00 X 162104 0 22009 PATRICIA BARRY DIRECTOR OF LOWER SCHOOL 50.00 X 130192 0 21321 LINDA CORCORAN DIR. ENGAGEMENT AND PHILANTHROPY 50.00 X 121428 0 25682 MANNY MERCADO DIRECTOR OF FACILITIES 50.00 X 116114 0 25251 RONALD M SANSONE DIRECTOR OF ATHLETICS 50.00 X 106853 0 24740 EDWARD J THOMPSON DIRECTOR DIR. OPS & SECONDARY SCHOOL PLACE. 50.00 X 107257 0 10301 1022962 0 189815 8 0 1 0 JOSEPH A NATOLI CONSTRUCTION CORPORATIO 293 CHANGE BRIDGE ROAD PINE BROOK NJ 07058 CONSTRUCTION SERVICES 1568363 BROCK & COMPANY INC 257 GREAT VALLY PARKWAY MALVERN PA 19355 FOOD SERVICES 469865 DUBLIN MAINTENANCE CONTRACTORS PO BOX 575 MADISON NJ 07940 JANITORIAL SERVICES 235151 TLP CLIMATE CONTROL SYSTEMS INC 400 RIKE DRIVE MILLSTONE TOWNSHIP NJ 08535 MAINTENANCE SERVICES 214022 ACTIVE INTERNET TECHNOLOGIES LLC PO BOX 783838 PHILADELPHIA PA 191783838 WEBSITE DESIGN SERVICES 123436 5 246330 104856 1388405 192052 1739591 TUITION AND FEES 611600 10189027 10189027 AUXILIARY SERVICES 611600 841123 841123 11030150 124753 124753 56020 9260 46760 46760 46760 202087 246330 98401 103686 103686 65255 24191 41064 41064 OTHER REVENUE 900099 19575 19575 REBATES & REWARDS 900099 19492 19492 REFUNDS 900099 5056 5056 44123 13130127 11030150 0 360386 1846106 1846106 490402 121883 277108 91411 5294487 3517267 1294892 482328 116834 78956 27509 10369 770591 563796 150498 56297 413432 260889 111676 40867 37814 37814 70000 70000 114190 75655 35358 3177 113759 113759 409840 409099 635 106 267544 248816 16053 2675 599449 449587 143868 5994 42056 40008 1966 82 33278 33278 127764 100188 27576 1477429 1108068 354583 14778 201956 151467 48469 2020 FOOD SERVICES 452809 452809 REPAIRS AND MAINTENANCE 239901 179926 57576 2399 STUDENT SUPPORT AND ACT 125738 125738 PROGRAMS, WORKSHOPS AND 119587 119587 217599 92258 11786 113555 13582565 10089140 2667367 826058 3372170 39641 1566866 4821167 803836 784505 1067768 956574 52578 212330 45896006 18698140 27693670 27197866 13240450 14062542 288298 49260 48085636 48123885 1216641 820301 2332712 2466591 3954859 3781251 7504212 7068143 X 35504011 36484239 5077413 4571503 40581424 41055742 48085636 48123885 X -452438 823751 241500 -138495 X X 0 1 X 1 0 X 1372662 5103773 2116446 2081933 1739591 12414405 1372662 5103773 2116446 2081933 1739591 12414405 1659002 10755403 51375 52795 16211 63294 180773 364448 475990 56918 329629 30456 144750 1037743 122448 44123 166571 13983167 53976411 0.76920 0.77270 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REBATES REWARDS - 2021 AMOUNT: $ 93,175. 2022 AMOUNT: $ 19,492. REFUNDS - 2021 AMOUNT: $ 29,167. 2022 AMOUNT: $ 5,056. OTHER REVENUE - 2021 AMOUNT: $ 106. 2022 AMOUNT: $ 19,575. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14034040 64900 824038 820238 14102740 15962979 125400 -1692756 361583 14034040 12077290 160850 3726645 1806 15962979 12535405 157742 -165810 450047 12077290 12884496 393377 480582 1223050 12535405 0.74658 0.20531 0.04812 0 0 1031029 1031029 41974153 16770130 25204023 2871875 1910325 961550 18949 17685 1264 27197866 INVESTMENT IN LIMITED PARTNERSHIP 14062542 F 14062542 X 11935133 823751 241500 9260 1074511 10860622 2269505 2269505 13130127 11460815 9260 9260 11451555 2131010 2131010 13582565 PART V, LINE 4: THE PURPOSE OF THE SCHOOL'S ENDOWMENT IS TO SUPPORT THE LONG TERM FINANCIAL STABILITY OF THE ORGANIZATION. 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: RENTAL EXPENSES INCLUDED ON PART VIII, LINE 6B 9,260. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIP INCLUDED ON PART IX, LINE 2 1,846,106. TUITION REMISSION INCLUDED ON PART IX, LINE 9 193,684. LOSS ON DISPOSAL OF ASSETS 138,495. RECLASS INDIRECT SPECIAL EVENTS EXPENSES TO PART IX 91,220. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED ON PART VIII, LINE 6B 9,260. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIP INCLUDED ON PART IX, LINE 2 1,846,106. TUITION REMISSION INCLUDED ON PART IX, LINE 9 193,684. RECLASS INDIRECT SPECIAL EVENTS EXPENSES TO PART IX 91,220. 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 PUBLISHES ITS NON-DISCRIMINATION POLICY IN A NJAIS MEMBER SCHOOLS' ADVERTISEMENT IN THE STAR LEDGER ANNUALLY. IT IS ALSO POSTED ON OUR WEBSITE'S HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED ASSISTANCE FROM THE STATE OF NJ TO SUPPORT THE FUNDING OF BOOKS, INFORMATION TECHNOLOGY, SCHOOL NURSE SUPPORT, AND SECURITY FUNDING FOR SECURITY GUARDS. THIS FUNDING IS FOR ALL STUDENTS IN THE STATE OF NJ AND IS PART OF A STATE APPROPRIATION WITH A PER STUDENT AMOUNT FOR EACH CATEGORY. GOLF OUTING 249645 204735 44910 3498 30480 15013 4966 GALA & AUCTION 190345 41595 148750 27779 11800 3616 2 8427 8427 1249 448417 246330 202087 3498 30480 42792 16766 4865 98401 103686 65255 7180 17011 1 0.80000 65255 7180 17011 24191 41064 NJ 1 0 1 0 1.00000 KEVIN HEARNE PO BOX 8 FAR HILLS NJ 07931 0 EILEEN GROSS 1240 THE GAMING MANAGER ORGANIZED THE RAFFLE, FILED STATE PAPERWORK, OVERSAW THE RAFFLE AND VOLUNTEERS FOR THE ENTIRE GALA. X 0 1 FINANCIAL ASSISTANCE 78 1829106 LOUIS STARR SCHOLARSHIP 1 17000 PART I, LINE 2: FINANCIAL ASSISTANCE THE SCHOOL FOLLOWS A FORMAL PROCESS TO DETERMINE THE ALLOCATION OF AVAILABLE MONIES FOR FINANCIAL ASSISTANCE. THE SCHOOL USES THIRD PARTY COMPANY THAT PROVIDES FINANCIAL AID ASSESSMENT SERVICES, IN THIS PROCESS. EACH FAMILY SUBMITS AN APPLICATION TO THE THIRD PARTY TOGETHER WITH THE FAMILY'S FINANCIAL SUPPORTING DOCUMENTATION, INCLUDING BUT NOT LIMITED TO THEIR COMPLETED 1040. THE THIRD PARTY DETERMINES AND MAKES RECOMMENDATIONS TO THE SCHOOL AS TO SUITABILITY FOR CONSIDERATION FOR FINANCIAL ASSISTANCE. THE SCHOOL REVIEWS THE RECOMMENDATIONS AND MAKES AWARDS BASED ON THE RECOMMENDATIONS AND AVAILABLE MONIES. THE STUDENT'S TUITION BILL IS REDUCED BY THE AMOUNT OF THE FINANCIAL AID AWARDED. LOUIS STARR SCHOLARSHIP THE TOP MATHEMATICS ACHIEVER STUDENT IS AWARDED WITH THE LOUIS STARR SCHOLARSHIP. THE STUDENT'S TUITION BILL IS REDUCED BY THE AMOUNT OF THE SCHOLARSHIP AWARDED. X 0 0 X X X X 0 0 0 0 0 0 0 0 0 GEORGIA ZAISER HEAD OF SCHOOL 270614 0 0 0 8400 0 6865 0 53646 0 339525 0 0 0 LORI A FITZGIBBON CFO 162104 0 0 0 0 0 4241 0 17768 0 184113 0 0 0 PATRICIA BARRY DIRECTOR OF LOWER SCHOOL 130192 0 0 0 0 0 3375 0 17946 0 151513 0 0 0 PART I, LINE 1A AS OUTLINED IN AN EMPLOYMENT AGREEMENT WITH THE SCHOOL, THE HEAD OF SCHOOL, IS REQUIRED TO RESIDE ON CAMPUS TO MEET THE ONGOING NEEDS OF THE SCHOOL COMMUNITY. THE SCHOOL PROVIDED THE HEAD OF SCHOOL WITH A HOUSING ALLOWANCE IN THE AMOUNT OF $40,500. THE HOUSING ALLOWANCE WAS TREATED AS NONTAXABLE COMPENSATION AND REPORTED ON SCHEDULE J, PART II, COLUMN B(III). 42800 FINANCIAL ASSISTANCE TUITION AID X 16363 COST X 6 120361 AVG. SELLING PRICE X SECURITY EQUIPMENT 1 45451 COST X TECHNOLOGY EQUIPMENT 1 9877 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN PART I, COLUMN (B) IS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION UPDATED ITS BYLAWS FOR THE FOLLOWING CHANGES: 1. UPDATED THE DEEMED RESIGNATION REQUIREMENTS FOR A TRUSTEE 2. CLARIFIED THE PROCESS FOR THE RECOMMENDATION AND APPOINTMENT OF BOARD TRUSTEES FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE BOARD OF TRUSTEES DELEGATES THE REVIEW OF THE FORM 990 TO THE FINANCE COMMITTEE. THE FINANCE COMMITTEE REVIEWS AND APPROVES THE PUBLIC INSPECTION COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C FAR HILLS COUNTRY DAY SCHOOL HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES. EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE MUST ANNUALLY SIGN AND SUBMIT THE CONFLICT OF INTEREST STATEMENT TO THE CFO AND ASSISTANT TO THE HEAD OF SCHOOL DISCLOSING THEIR AWARENESS OF THE POLICY AND DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST. IF A POTENTIAL OR ACTUAL CONFLICT IS DISCLOSED AT ANY TIME, THE BOARD WILL REVIEW THE MATERIAL FACTS AND CIRCUMSTANCES AND FOLLOW-UP ON THE NON-COMPLIANCE. IF IT IS ESTABLISHED THAT AN ACTUAL CONFLICT EXISTS, THE INDIVIDUAL WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DISCUSSIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL THE CONFLICT IS RESOLVED. ANY DISCUSSION REGARDING THE CONFLICT OF INTEREST TRANSACTION IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETINGS, REFLECTING THE CONFLICT OF INTEREST THAT WAS DISCLOSED, THE NAME OF THE INTERESTED PERSON, AND THE FINAL DETERMINATION AND DECISION. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION IS ESTABLISHED BY THE BOARD OF TRUSTEES GOVERNANCE COMMITTEE AND BOARD CHAIR. IN DETERMINING THE HEAD OF SCHOOL'S COMPENSATION, THE COMMITTEE USE AN ASSESSMENT SURVEY OF THE HEAD OF SCHOOL AND COMPENSATION STUDY OF SIMILAR POSITIONS IN THE SAME GEOGRAPHIC AREA. THE COMPENSATION DECISION DOCUMENTED IN THE RECORDS OF THE ORGANIZATION. THIS PROCESS WAS LAST COMPLETED IN FISCAL YEAR 2022. FOR OTHER OFFICERS, THE HEAD OF SCHOOL REGULARLY REVIEWS THE PUBLISHED SALARY RANGES IN THE SAME GEOGRAPHIC AREA FOR SIMILAR POSITIONS. COMPENSATION FOR OTHER OFFICERS IS DETERMINED BY THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST OR BY CALLING. THE FORM 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF ASSETS -138,495. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.