2024-04-24T10:08:20-05:00 2023-06-30 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2022-07-01 131635286 THE SPENCE SCHOOL SPEN 2122895940 22 EAST 91ST STREET NEW YORK NY 10128 BRUCE OREM DIRECTOR OF FINANCE & OP. 2122895940 2024-04-28 1 BRUCE OREM 999009999 0 WILLIAM EPSTEIN P01307171 2129498700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z FELICIA A WILKS 22 EAST 91ST STREET NEW YORK NY 10128 73996314 0 X WWW.SPENCESCHOOL.ORG X 1928 NY TO PREPARE A DIVERSE COMMUNITY OF GIRLS/YOUNG WOMEN FOR THE TRANSFORMATION OF SELF AND THE WORLD. 24 24 388 200 339003 0 9669716 6093282 48660302 49201094 2851089 2017525 1904038 745766 63085145 58057667 7244955 7798750 0 0 37173011 40527912 6750 599 2585124 19663296 19944812 64088012 68272073 -1002867 -10214406 392567317 386719759 58401368 58981598 334165949 327738161 WITH A COMMITMENT TO ACADEMIC EXCELLENCE AND PERSONAL INTEGRITY, THE SPENCE SCHOOL PREPARES A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE. 0 0 57620014 7798750 49201094 THE SPENCE SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL PROVIDING AN EDUCATION FOR GIRLS IN GRADES KINDERGARTEN THROUGH 12. 57620014 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 133 0 388 1 1 1 1 CJ 0 0 0 0 0 0 0 0 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BRUCE OREM 2122895940 22 EAST 91ST STREET NEW YORK NY 10128 WILLIAM L JACOB III PRESIDENT 10.00 X X 0 0 0 ANAND DESAI VICE PRESIDENT 2.00 X X 0 0 0 KIMBERLY KRAVIS VICE PRESIDENT 2.00 X X 0 0 0 AKUEZUNKPA UDE WELCOME VICE PRESIDENT 2.00 X X 0 0 0 ARTHUR CHU SECRETARY 2.00 X X 0 0 0 HEATHER BERGER TRUSTEE 2.00 X 0 0 0 MICHAEL P CLIFFORD TRUSTEE 2.00 X 0 0 0 VANESSA CORNELL TRUSTEE 2.00 X 0 0 0 ERICA DESAI TRUSTEE 2.00 X 0 0 0 JOSEPH DRAYTON TRUSTEE 2.00 X 0 0 0 JUDITH JOSEPH JENKINS TRUSTEE 2.00 X 0 0 0 ALEXIS MCGILL JOHNSON TRUSTEE 2.00 X 0 0 0 DANA WALLACH JONES TRUSTEE 2.00 X X 0 0 0 KATHRYN KOCH TRUSTEE 2.00 X 0 0 0 MEREDITH RUBEL LIPSHER TRUSTEE 2.00 X 0 0 0 BRYCE MARKUS TRUSTEE 2.00 X 0 0 0 AHRIN MISHAN TRUSTEE 2.00 X 0 0 0 C CYBELE RAVER TRUSTEE 2.00 X 0 0 0 ANYA HERZ SHIVA TRUSTEE 2.00 X X 0 0 0 JAMES SHULMAN TRUSTEE 2.00 X 0 0 0 EMILY SPEYER TRUSTEE 2.00 X 0 0 0 JOSE TAVAREZ TRUSTEE 2.00 X 0 0 0 BROOKE WILLIAMS TRUSTEE 2.00 X 0 0 0 DARYL WOUT TRUSTEE 2.00 X 0 0 0 ELLANOR N BRIZENDINE HEAD OF SCHOOL (THRU 6/30/22) 40.00 X 740093 0 147686 ELYSE WATERHOUSE DIR. OF FIN. & OP. (THRU 6/30/22) 40.00 X 560169 0 42178 FELICIA WILKS HEAD OF SCHOOL (AS OF 7/1/22) 40.00 X 381500 0 77912 BRUCE OREM DIRECTOR OF FIN. & OP. (AS OF 7/1/22) 40.00 X 240000 0 20342 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 40.00 X 305324 0 43160 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 40.00 X 303674 0 43160 RACHAEL FLORES HEAD OF UPPER SCHOOL 40.00 X 235529 0 53247 ERIC ZAHLER DIR. OF TEACHING / LEARNING 40.00 X 304024 0 43160 MICHELE MURPHY DIRECTOR OF CURRICULUM 40.00 X 290616 0 56650 ELIZABETH PILI CO-DIR. OF COLLEGE COUNSEL 40.00 X 272246 0 38993 EMILY FINCKE DIRECTOR OF DEVELOPMENT 40.00 X 275666 0 42076 SUSAN PARKER DIRECTOR OF ADMISSIONS 40.00 X 269107 0 50199 4177948 0 658763 119 0 1 0 GREEN ONE Q CORP PO BOX 580065 FLUSHING NY 10013 CLEANING SERVICES 719454 BALDOR SPECIALTY FOODS 155 FOOD CENTER DR BRONX NY 10474 FOOD SERVICES 298596 SUPERME PERFORMANCE LLC 77 SANDS STREET BROOKLYN NY 11201 COACHING SERVICES 255684 MARIO'S TRANSPORTATION INC 225 60TH STREET BROOKLYN NY 11220 TRANSPORTATION 232705 CUSTOM COACH & LIMO LLC 7061 ROUTE 35 SOUTH SOUTH AMBOY NJ 08879 TRANSPORTATION 230835 7 443756 5649526 1647024 6093282 TUITION 611710 46931845 46931845 AFTERSCHOOL PROGRAM 611710 1011999 1011999 MUSIC PROGRAM FEES 611710 473704 473704 STUDENT FEES 611710 457038 457038 OTHER PROGRAM SERVICE REVENUE 611710 326508 326508 49201094 2471033 2471033 849967 429872 420095 420095 -9777 429872 15021161 34106 15508775 0 -487614 34106 -453508 23109 -476617 SQUASH MEMBERSHIP AND OTHER 531390 377908 377908 PASS THRU LOSS-LTD PARTNERSHIPS 525990 -52237 -52237 325671 58057667 49201094 339003 2424288 7798750 7798750 3073220 2208029 865191 28644984 25329544 1922278 1393162 2185098 1931349 170495 83254 4484977 3964149 349946 170882 2139633 1891163 166948 81522 306581 306581 91849 91849 599 599 256286 256286 1284162 865793 265998 152371 451285 139043 14486 297756 846860 708468 99175 39217 976493 282549 615808 78136 2673488 2149405 521089 2994 854859 789418 42473 22968 1120030 786093 134131 199806 628745 502996 125749 6621295 5297036 1324259 569899 455919 113980 OTHER EXPENSES 2562104 1819434 680213 62457 FOOD SERVICE 700876 700876 68272073 57620014 8066935 2585124 1538 2035 46713957 32365335 9468902 4753065 856428 575964 16243 21397 2572175 3259594 286824931 85188213 206659535 201636718 72329281 95198074 53095269 48081981 853989 825596 392567317 386719759 2073385 2050899 25932983 26535699 30395000 30395000 58401368 58981598 X 201645635 194912831 132520314 132825330 334165949 327738161 392567317 386719759 X -10214406 3936306 -149688 X 0 1 X 1 0 X 139930945 1362898 5089731 -6111000 140272574 150331851 5188559 -10431969 5157496 139930945 109817217 2070764 42975870 4532000 150331851 90144262 21641691 2267264 4236000 109817217 88038314 989682 5047266 3931000 90144262 0.06068 0.68255 0.25677 0 0 30693288 30693288 244952249 75556015 169396234 11179394 9632198 1547196 201636718 HEDGE FUNDS 6766659 F PRIVATE EQUITY FUNDS 41315322 F 48081981 X 53938937 3936306 3936306 50002631 256286 7798750 8055036 58057667 60366725 149688 149688 60217037 256286 7798750 8055036 68272073 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF BOTH INDIVIDUAL DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE ENDOWMENT FUNDS OF THE SCHOOL ARE INTENDED TO BE USED TO SUPPORT ITS LONG-TERM MISSION. PART X, LINE 2: THE SCHOOL IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. FOR THE SCHOOL, THESE PROVISIONS COULD BE APPLICABLE TO THE INCURRENCE OF UNRELATED BUSINESS INCOME TAX ATTRIBUTABLE TO CERTAIN OF THE SCHOOL'S PASS-THROUGH INVESTMENT ACTIVITIES AND RENTAL INCOME ACTIVITIES. HOWEVER, DUE TO THE SCHOOL'S GENERAL TAX-EXEMPT STATUS, ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID WHICH WAS NETTED FOR FINANCIAL REPORTING PURPOSES. 7,798,750. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGES 149,688. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID WHICH WAS NETTED FOR FINANCIAL REPORTING PURPOSES. 7,798,750. 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 PUBLICIZES ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES AN APPROPRIATION FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR THE PERFORMANCE OF MANDATED SERVICES AND FUNDING FOR SAFETY EQUIPMENT. IN ADDITION, THE SCHOOL RECEIVED A GRANT FROM NYC FOR SECURITY SERVICES THROUGH THE DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES (DCAS) AS PART OF THE NONPUBLIC SCHOOL SECURITY REIMBURSEMENT PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 8218395 0 0 0 0 0 0 8218395 0 8218395 1 0 0 0 1 0 PART I, LINE 3: AMOUNT REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: PART IV, LINES 1: FORM 926: THE SCHOOL WAS A U.S. TRANSFEROR OF PROPERTY TO A FOREIGN CORPORATION DURING THE TAX YEAR. PART IV, LINES 5: FORM 8865: THE SCHOOL HAD AN OWNERSHIP INTEREST IN FOREIGN PARTNERSHIPS DURING THE TAX YEAR. 1 FINANCIAL AID PROVIDED TO STUDENTS 155 7798750 FAIR MARKET VALUE TUITION REDUCTION PART I, LINE 2 THE SPENCE SCHOOL REQUESTS THAT FAMILIES APPLYING FOR NEED-BASED FINANCIAL AID ANNUALLY SUBMIT THE PARENTS' FINANCIAL STATEMENTS TO SCHOOL AND STUDENT SERVICES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ("NAIS"), AS WELL AS PROVIDE COPIES OF FINANCIAL INFORMATION, SUCH AS TAX RETURNS AND W-2 FORMS. ALL GRANTS OF FINANCIAL AID ARE APPLIED TO A RECIPIENT'S OUTSTANDING TUITION CHARGES. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 ELLANOR N BRIZENDINE HEAD OF SCHOOL (THRU 6/30/22) 740093 0 0 0 0 0 132086 0 15600 0 887779 0 0 0 ELYSE WATERHOUSE DIR. OF FIN. & OP. (THRU 6/30/22) 560169 0 0 0 0 0 27560 0 14618 0 602347 0 0 0 FELICIA WILKS HEAD OF SCHOOL (AS OF 7/1/22) 381500 0 0 0 0 0 77160 0 752 0 459412 0 0 0 KAREN SULLIVAN HEAD OF MIDDLE SCHOOL 305324 0 0 0 0 0 27560 0 15600 0 348484 0 0 0 MICHELE MURPHY DIRECTOR OF CURRICULUM 290616 0 0 0 0 0 27560 0 29090 0 347266 0 0 0 ERIC ZAHLER DIR. OF TEACHING / LEARNING 304024 0 0 0 0 0 27560 0 15600 0 347184 0 0 0 ELIZABETH CAUSEY HEAD OF LOWER SCHOOL 303674 0 0 0 0 0 27560 0 15600 0 346834 0 0 0 SUSAN PARKER DIRECTOR OF ADMISSIONS 269107 0 0 0 0 0 25358 0 24841 0 319306 0 0 0 EMILY FINCKE DIRECTOR OF DEVELOPMENT 275666 0 0 0 0 0 25701 0 16375 0 317742 0 0 0 ELIZABETH PILI CO-DIR. OF COLLEGE COUNSEL 272246 0 0 0 0 0 23393 0 15600 0 311239 0 0 0 RACHAEL FLORES HEAD OF UPPER SCHOOL 235529 0 0 0 0 0 21090 0 32157 0 288776 0 0 0 BRUCE OREM DIRECTOR OF FIN. & OP. (AS OF 7/1/22 240000 0 0 0 0 0 19590 0 752 0 260342 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES HOUSING TO THE HEAD OF SCHOOL. THE HOUSING BENEFIT IS PART OF THE EMPLOYMENT CONTRACT OF THE HEAD OF SCHOOL. PART I, LINE 3 COMPENSATION: A SUBCOMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE ANNUAL COMPENSATION FOR THE HEAD OF THE SCHOOL. A COMPENSATION COMMITTEE COMPRISED OF STAFF AND BOARD MEMBERS RECOMMENDS TO THE BOARD AN OVERALL PERCENTAGE FOR COMPENSATION INCREASES. THE COMMITTEE THEN ALLOCATES TO THE SALARY SCALE FOR TEACHING STAFF. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR NON-TEACHING STAFF WITHIN THE OVERALL INCREASE APPROVED. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA. PART I, LINE 4B THE SCHOOL MAINTAINS BOTH THE SECTION 457(B) AND 457(F) DEFERRED-COMPENSATION PLANS FOR ITS HEAD OF SCHOOL. THE AMOUNT CONTRIBUTED TO THESE PLANS BY THE SCHOOL WAS $157,176. A BUILD NYC RESOURCE CORPORATION 454040561 2022-02-28 30395000 EXPANSION/ACQUISITION OF SPACE 0 0 0 A 30395000 836666 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 1 A 1 SEE SUPP INFORMATION BOARD MEMBERS 50880 GRANTS FINANCIAL AID PART III, LINE 1: AS PART OF THE SCHOOL'S EFFORTS TO SUPPORT ECONOMIC DIVERSITY AND TO PROVIDE ASSISTANCE TO ANY AND ALL COMMUNITY MEMBERS WITH DEMONSTRATED NEED, DURING THE 22-23 SCHOOL YEAR, THE SCHOOL PROVIDED AN AGGREGATE OF $50,880 IN FINANCIAL AID TO TWO BOARD OF TRUSTEES MEMBERS. X 48 1647024 COMPARABLE SALES 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED REPRESENTS THE NUMBER OF CONTRIBUTIONS. GENERAL DISCLOSURE: THE HEAD OF SCHOOL, ELLANOR BRIZENDINE, AND DIRECTOR OF FINANCE & OPERATIONS, ELYSE WATERHOUSE, RETIRED WITH AN EFFECTIVE DATE OF JUNE 30, 2022. ACCORDINGLY, THE REPLACEMENT HEAD OF SCHOOL, FELICIA A. WILKS, AND DIRECTOR OF FINANCE & OPERATIONS, BRUCE OREM, WERE HIRED EFFECTIVE JULY 1, 2022. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES ANAND DESAI AND ERICA DESAI ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B THE FORMS 990, 990-T AND APPLICABLE STATE FILINGS ARE DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE DISTRIBUTED ANNUALLY FOR COMPLETION TO ALL TRUSTEES AND KEY EMPLOYEES AT A BOARD MEETING AND COLLECTED AT THE END OF THE MEETING. THE ASSISTANT TO THE HEAD OF SCHOOL FOLLOWS UP WITH ANY TRUSTEES WHO WERE NOT PRESENT. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED AND APPROVED BY THE OFFICERS OF THE BOARD OF TRUSTEES BASED UPON COMPARATIVE DATA PUBLISHED BY PEER SCHOOLS AND THEN RATIFIED BY THE BOARD OF TRUSTEES. THE HEAD OF SCHOOL ALSO HAS A WRITTEN EMPLOYMENT AGREEMENT. THE COMPENSATION OF THE DIRECTOR OF FINANCE AND OPERATIONS AND KEY EMPLOYEES IS REVIEWED BY THE HEAD OF SCHOOL AND THE PRESIDENT OF THE BOARD OF TRUSTEES. COMPARATIVE DATA FROM PEER SCHOOLS IS USED TO MAKE SURE COMPENSATION IS AT CURRENT MARKET RATES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THE FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGES. -149,688.