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        <ExplanationTxt>THE AGENCY IS A QUALIFIED NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, EXEMPT FROM FEDERAL INCOME TAXES. THE AGENCY HAS ADDRESSED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR INCOME TAXES. IN THAT REGARD, THE SCHOOL HAS EVALUATED ITS TAX POSITIONS, EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS AND BELIEVES THAT NO PROVISION FOR INCOME TAXES IS NECESSARY, AT THIS TIME, TO COVER ANY UNCERTAIN TAX POSITIONS.</ExplanationTxt>
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        <ExplanationTxt>THE EXECUTIVE DIRECTOR REVIEWS ALL OF THE FINANCIAL INFORMATION OF THOSE APPLYING FOR FINANCIAL AID AND MAKES A DETERMINATION, BASED ON NEED, WHO WILL RECEIVE A SCHOLARSHIP AND FOR HOW MUCH. UPON APPROVAL, THE TUITION PAYMENT FOR THE INDIVIDUAL IS REDUCED BY THE FINANCIAL AID AWARD AMOUNT.</ExplanationTxt>
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        <PersonNm>BRIAN KOSCUISZKA</PersonNm>
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        <FormAndLineReferenceDesc>PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE DIRECTOR/CEO IS COMPENSATED BY THE RELATED ENTITY, GREENWICH HOUSE, INC.</ExplanationTxt>
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        <Desc>AUCTION ITEMS</Desc>
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        <MethodOfDeterminingRevenuesTxt>COMPARABLE SALES</MethodOfDeterminingRevenuesTxt>
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        <FormAndLineReferenceDesc>PART I, COLUMN (B):</FormAndLineReferenceDesc>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>GREENWICH HOUSE INC. IS THE SOLE MEMBER OF BARROW STREET NURSERY SCHOOL.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>GREENWICH HOUSE, INC. IS THE SOLE MEMBER OF THE CORPORATION. THE MEMBER MAY ESTABLISH CRITERIA FOR MEMBERSHIP AND SELECT ADDITIONAL MEMBERS, IN THEIR SOLE DISCRETION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE INDEPENDENT ACCOUNTANT PREPARES THE FORM 990 AND MANAGEMENT REVIEWS THE RETURN. A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO SUBMISSION TO THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THE CHAIR OF THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR REVIEW THE ANSWERS TO DETERMINE IF A CONFLICT EXISTS. ANY MEMBER WITH A CONFLICT OF INTEREST IS EXCLUDED FROM DISCUSSIONS AND VOTING ON ANY MATTER PERTAINING TO THE MEMBER'S CONFLICT OF INTEREST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
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</Return>