2024-05-06T11:45:47-05:00 2023-06-30 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2022-07-01 111630821 POLY PREP COUNTRY DAY SCHOOL POLY 7188369800 1 POLY PREP DRIVE BROOKLYN NY 11228 LYNDA CASARELLA CFO 7188369800 2024-05-01 1 LYNDA CASARELLA 999009999 1 MATTHEW PETROSKI P00853132 9257902600 2024-05-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN RANKIN 1 POLY PREP DRIVE BROOKLYN NY 11228 93060139 0 X WWW.POLYPREP.ORG X 1854 NY THROUGH A PROGRESSIVE LIBERAL ARTS CURRICULUM AND AN ENRICHING CO-CURRICULAR PROGRAM, THE SCHOOL EDUCATES THE WHOLE STUDENT: MIND, BODY AND, ABOVE ALL CHARACTER. 17 17 414 100 149909 148909 11729446 6949364 63219492 65477315 1207652 670353 219928 -107502 76376518 72989530 10042383 10702193 0 0 33905946 37799066 0 0 2122039 23766402 24402344 67714731 72903603 8661787 85927 174200532 196401369 67812723 87595748 106387809 108805621 THE SCHOOL'S MISSION IS TO PREPARE STUDENTS TO SUCCEED IN COLLEGE AND LIFE AS OUTSTANDING LEADERS, INCISIVE THINKERS, AND EXEMPLARY CITIZENS. 0 0 57988894 10702193 65495169 THE SCHOOL PROVIDES ACADEMIC AND OTHER RELATED ACTIVITIES TO STUDENTS IN VARIOUS CLASSES FROM NURSERY THROUGH GRADE TWELVE. THE SCHOOL OPERATES AT TWO LOCATIONS IN BROOKLYN, NEW YORK. THE LOWER SCHOOL IS LOCATED IN PARK SLOPE AND SERVES APPROXIMATELY 250 CHILDREN FROM NURSERY THROUGH GRADE 4. THE MIDDLE AND UPPER SCHOOL, SITUATED ON A 25 ACRE CAMPUS IN DYKER HEIGHTS, SERVICES APPROXIMATELY 900 CHILDREN IN GRADES 5 THROUGH 12. 57988894 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 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 134 0 1 414 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X LYNDA CASARELLA CFO 7188369800 1 POLY PREP DRIVE BROOKLYN NY 11228 ANDREW FOOTE BOARD CHAIR 2.00 X X 0 0 0 LAURIE ROSENBLATT BOARD VICE CHAIR 2.00 X X 0 0 0 KAREEM RAYMOND BOARD TREASURER 2.00 X X 0 0 0 JENNIFER POWERS BOARD SECRETARY 2.00 X X 0 0 0 INDHIRA ARRINGTON TRUSTEE 2.00 X 0 0 0 MICHAEL CORRERA TRUSTEE 2.00 X 0 0 0 JOHN FOLEY TRUSTEE 2.00 X 0 0 0 NICHOLAS GRAVANTE ESQ TRUSTEE (THRU 02/23) 2.00 X 0 0 0 JERRY HEDGLIN TRUSTEE 2.00 X 0 0 0 HANS HUMES TRUSTEE 2.00 X 0 0 0 THOMAS IANNELLI TRUSTEE 2.00 X 0 0 0 TAEK-GEUN KWON TRUSTEE 2.00 X 0 0 0 SANG LEE TRUSTEE (THRU 06/23) 2.00 X 0 0 0 MICHAEL LIBURD TRUSTEE 2.00 X 0 0 0 JOHN MCPHETERS TRUSTEE 2.00 X 0 0 0 CASSANDRA METZ TRUSTEE (THRU 06/23) 2.00 X 0 0 0 ELIZABETH SCHLESINGER TRUSTEE 2.00 X 0 0 0 IRWIN SIMON TRUSTEE 2.00 X 0 0 0 DANIELA VITALE-HOWELL TRUSTEE 2.00 X 0 0 0 ELIZABETH WIATT TRUSTEE (THRU 06/23) 2.00 X 0 0 0 MAX WILEY TRUSTEE 2.00 X 0 0 0 AUDRIUS BARZDUKAS HEAD OF SCHOOL 40.00 X 631961 0 71859 KYLE GRAHAM ASSOCIATE HOS, ENROLLMENT MGMT 40.00 X 359403 0 113206 LYNDA CASARELLA CHIEF FINANCIAL OFFICER 40.00 X 281250 0 36292 PEGGY COOK CHIEF ADVANCEMENT OFFICER 40.00 X 218694 0 36442 REBEKAH SOLLITTO ASSISTANT HOS, STRATEGIC INIT. 40.00 X 216138 0 156416 FRANCIS YASHARIAN HEAD OF LOWER SCHOOL 40.00 X 183400 0 79601 MATT STELLUTO HEAD OF OPERATIONS 40.00 X 211421 0 14234 MICHAL HERSHKOVITZ ASSISTANT HOS, ACADEMICS 40.00 X 218500 0 26595 VINCENT RUTUELO DIRECTOR OF SAFETY & SECURITY 40.00 X 171029 0 11847 RICHARD CORSO DIRECTOR OF ATHLETICS 40.00 X 156811 0 40999 KRISTEN DENAVER DIR. OF BUSINESS OPS, FIN 40.00 X 168771 0 30241 CAROLYN QUIGLEY DIRECTOR OF EXTERNAL LEARNING 40.00 X 144109 0 43173 JOHN RANKIN INTERDISCIPLINARY STUDIES FACULTY 40.00 X 132028 0 18961 3093515 0 679866 69 0 1 0 THE LANDTEK GROUP INC 105 SWEENEYDALE AVENUE BAY SHORE NY 11706 CONSTRUCTION AND REPAIRS 6634025 DIMINO BUS SERVICE INC 1040 ROCKAWAY AVENUE BROOKLYN NY 11236 BUSING 3846111 BENCHMARK BUILDERS LLC 469 SEVENTH AVE SUITE 501 NEW YORK NY 10018 CONSTRUCTION AND REPAIRS 2408049 ELIOR INC 665 BROADWAY SUITE 503 NEW YORK NY 10012 FOOD FOR SCHOOL 2307081 TITAN CONSTRUCTION MANAGEMENT INC I WORLD TRADE CENTER ST 8500 NEW YORK NY 10007 CONSTRUCTION AND REPAIRS 2220562 31 210608 583518 6155238 483738 6949364 TUITION INCOME 611710 63778446 63778446 AUXILIARY ACTIVITIES 611710 1287624 1287624 STUDENT FEES 611710 303263 303263 OTHER PROGRAM ACTIVITI 611710 107982 107982 65477315 1199368 149909 1049459 74095 26615 47480 47480 47480 18980824 19509839 -529015 -529015 -529015 336175 210608 534155 -197980 -197980 5700 0 5700 5700 19444 0 19444 19444 MISCELLANEOUS INCOME 900099 17854 17854 17854 72989530 65495169 149909 395088 10702193 10702193 3057940 2787083 270857 26346160 20877428 4595059 873673 1486961 1061244 352870 72847 4888627 4078120 658538 151969 2019378 1457587 483035 78756 2254881 600193 1654688 117097 117097 151937 151937 863499 23897 674578 165024 1323164 866496 264844 191824 811246 738234 73012 1454397 1308956 130897 14544 448089 359868 63506 24715 158701 86191 21548 50962 434064 390657 39066 4341 4431048 3987944 398794 44310 660760 594684 59468 6608 BUSING 3891482 3891482 BOOKS AND INSTRUCTIONAL 3089241 3089241 FOOD SERVICE 2841291 2550176 134220 156895 REPAIRS AND MAINTENANCE 1471447 1324303 132430 14714 72903603 57988894 12792670 2122039 22370173 29807747 16108087 20013571 5043933 4898538 33959303 33119686 470877 523522 126895039 51447100 65604366 75447939 12452777 20054728 18191016 12535638 174200532 196401369 5078278 4676228 54165050 56043996 8569395 26875524 67812723 87595748 X 72647097 73764679 33740712 35040942 106387809 108805621 174200532 196401369 X 85927 2381885 -50000 X 0 1 X 1 0 X 4317643 5682492 11468853 11729446 6949364 40147798 4317643 5682492 11468853 11729446 6949364 40147798 5396329 34751469 1324112 975668 531667 638352 1049459 4519258 148909 148909 197548 265231 223533 207193 37298 930803 45746768 297679567 0.75960 0.73140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32425828 307858 2337361 2000000 33071047 35885261 166225 -2875658 750000 32425828 33960006 55600 3872295 2002640 35885261 31857705 2210422 391879 500000 33960006 31069726 157741 2015053 1384815 31857705 0.35460 0.50104 0.14436 0 0 7078745 7078745 100415734 48805947 51609787 11432543 2641153 8791390 7968017 7968017 75447939 CORPORATE BONDS 8637112 F HEDGE FUND 2693643 F REAL ESTATE FUND 1204883 F 12535638 X 64392985 2381885 -11410648 -9028763 73421748 101937 -534155 -432218 72989530 61975173 560770 560770 61414403 101937 11387263 11489200 72903603 PART V, LINE 4: USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE SCHOOL'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, CONSISTING OF THE BOARD DESIGNATED AND DONOR RESTRICTED FUNDS. THE PURPOSES OF ALL OF THESE FUNDS INCLUDE SCHOLARSHIPS, FACULTY SUPPORT, AS WELL AS FACILITY MAINTENANCE. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND FROM STATE AND LOCAL INCOME TAXES UNDER COMPARABLE LAWS. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2023. THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION -11,387,263. LOSS ON UNCOLLECTABLE PLEDGES -50,000. RENT EXPENSE 26,615. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -534,155. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 26,615. SPECIAL EVENT EXPENSES 534,155. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 11,387,263. 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'S POLICY IS ADEQUATELY DESCRIBED IN VARIOUS PUBLICATIONS DISTRIBUTED BY THE SCHOOL AND AVAILABLE TO THE GENERAL PUBLIC. THERE IS ALSO A LINK OF THE NONDISCRIMINATORY POLICY ON THE ORGANIZATION'S WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FINANCIAL ASSISTANCE FROM THE NEW YORK STATE EDUCATION DEPARTMENT. ANNUAL GALA 546783 210608 336175 45514 80780 77329 330532 546783 210608 336175 45514 80780 77329 330532 534155 -197980 1 FINANCIAL AID 179 10702193 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: FAMILIES SEEKING FINANCIAL AID, IN ORDER TO DEFRAY THE COSTS OF TUITION, PROVIDED CERTAIN PERSONAL FINANCIAL DATA TO AN INDEPENDENT REVIEW ORGANIZATION. BASED ON THESE RESULTS, THE SCHOOL'S OFFICE OF FINANCIAL AID AWARDS SCHOLARSHIPS TO APPLICANTS WHO QUALIFY UNDER THE GUIDELINES ESTABLISHED BY THE TRUSTEES OF THE SCHOOL IN THE FORM OF NONCASH REDUCTIONS IN THE APPLICANTS' ANNUAL TUITION. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 AUDRIUS BARZDUKAS HEAD OF SCHOOL 631961 0 0 0 0 0 41850 0 30009 0 703820 0 0 0 KYLE GRAHAM ASSOCIATE HOS, ENROLLMENT MGMT 344403 0 0 0 15000 0 32724 0 80482 0 472609 0 0 0 REBEKAH SOLLITTO ASSISTANT HOS, STRATEGIC INIT. 216138 0 0 0 0 0 14614 0 141802 0 372554 0 0 0 LYNDA CASARELLA CHIEF FINANCIAL OFFICER 281250 0 0 0 0 0 36225 0 67 0 317542 0 0 0 FRANCIS YASHARIAN HEAD OF LOWER SCHOOL 183400 0 0 0 0 0 13436 0 66165 0 263001 0 0 0 PEGGY COOK CHIEF ADVANCEMENT OFFICER 218694 0 0 0 0 0 15157 0 21285 0 255136 0 0 0 MICHAL HERSHKOVITZ ASSISTANT HOS, ACADEMICS 218500 0 0 0 0 0 26595 0 0 0 245095 0 0 0 MATT STELLUTO HEAD OF OPERATIONS 211421 0 0 0 0 0 14234 0 0 0 225655 0 0 0 KRISTEN DENAVER DIR. OF BUSINESS OPS, FIN 168771 0 0 0 0 0 12556 0 17685 0 199012 0 0 0 RICHARD CORSO DIRECTOR OF ATHLETICS 156811 0 0 0 0 0 11364 0 29635 0 197810 0 0 0 CAROLYN QUIGLEY DIRECTOR OF EXTERNAL LEARNING 144109 0 0 0 0 0 11108 0 32065 0 187282 0 0 0 VINCENT RUTUELO DIRECTOR OF SAFETY & SECURITY 171029 0 0 0 0 0 11847 0 0 0 182876 0 0 0 JOHN RANKIN INTERDISCIPLINARY STUDIES FACULTY 132028 0 0 0 0 0 9081 0 9880 0 150989 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES HOUSING FOR THE HOS, CHIEF ADVANCEMENT OFFICER AND HEAD OF ATHLETICS. NO GROSS UP PAYMENTS ARE REQUIRED. THESE ARE INCLUDED IN TAXABLE WAGES. PART I, LINE 4B THE SCHOOL MAINTAINS A 457(F) PLAN FOR THE HEAD OF SCHOOL. A CONTRIBUTION OF $20,500 WAS MADE TO THE PLAN DURING THE YEAR. THERE WERE NO DISTRIBUTIONS IN CALENDAR YEAR 2022. X 11 91100 FMV X 7740 X 22 331428 FMV X OTHER DONATED ITEMS 20 42550 FMV X AUCTION OF EVENT TICKETS 6 10920 FMV 0 0 1 1 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE, AND NOT THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE SCHOOL WILL HIRE A THIRD PARTY TO SELL DONATED BOOKS. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S DRAFT 990 IS REVIEWED BY A COMMITTEE OF THE BOARD BEFORE FILING. THE BOARD RECEIVED A PUBLIC DISCLOSURE COPY OF THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE ASKED TO COMPLETE A FORMAL CONFLICT-OF-INTEREST FORM/QUESTIONNAIRE. THIS IS DONE AT EACH YEAR'S FIRST BOARD MEETING AND MONITORED TO ASSURE COMPLIANCE. EACH TRUSTEE, OFFICER AND KEY PERSON OF THE SCHOOL SHALL PROMPTLY DISCLOSE ANY DIRECT OR INDIRECT FINANCIAL OR ANY OTHER INTEREST IN ANY PROPOSED OR EXISTING ARRANGEMENT WITH THE SCHOOL PRIOR TO THE START OF ANY NEGOTIATIONS WITH RESPECT TO SUCH MATTER. A DIRECT OR INDIRECT FINANCIAL INTEREST OR ANY OTHER INTEREST REQUIRED TO BE DISCLOSED UNDER THIS POLICY SHALL BE DISCLOSED IN WRITING TO THE CHAIRPERSON OF THE BOARD; SUCH DISCLOSURE SHALL INCLUDE ALL MATERIAL FACTS AND SUPPLY ANY REASON WHY THE ARRANGEMENT MIGHT BE OR NOT BE IN THE BEST INTEREST OF THE SCHOOL. THE CHAIRPERSON OF THE BOARD SHALL REFER THE ISSUE TO THE FULL BOARD, THE EXECUTIVE COMMITTEE, OR OTHER BOARD COMMITTEE HAVING DECISION-MAKING AUTHORITY OVER THE SUBSTANTIVE MATTER IN QUESTION (THE "COMMITTEE"). FOR EACH INTEREST DISCLOSED, THE BOARD OR COMMITTEE WILL DETERMINE WHETHER TO: A) TAKE ANY ACTION; B) ASSURE FULL DISCLOSURE TO THE BOARD AND OTHER INDIVIDUALS COVERED BY THE POLICY, C) ASK THE PERSON TO RECUSE HIMSELF OR HERSELF FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE BOARD, OR D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION; OR, IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE BOARD'S REMOVAL PROCEDURES. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A TRUSTEE, OFFICER OR KEY PERSON HAS FAILED TO DISCLOSE A DIRECT OR INDIRECT FINANCIAL OR ANY OTHER INTEREST SUBJECT TO THIS POLICY, IT SHALL INFORM THE TRUSTEE, OFFICER OR KEY PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE TRUSTEE, OFFICER OR KEY PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF SUCH INDIVIDUAL AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE TRUSTEE, OFFICER OR KEY PERSON HAS IN FACT FAILED TO DISCLOSE A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST SUBJECT TO THIS POLICY, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA IS ASCERTAINED THROUGH NEW YORK STATE ASSOCIATION OF INDEPENDENT SCHOOL DATABASES AND REPORTED TO THE COMPENSATION COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE AT THE OFFICES OF POLY PREP COUNTY DAY SCHOOL. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTABLE PLEDGES -50,000.