2025-12-19T11:48:17-06:00 2025-06-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2024-07-01 590977808 GULF STREAM SCHOOL INC GULF 5612765225 3600 GULF STREAM ROAD GULF STREAM FL 33483 KERYN ENGELHARD CHIEF FINANCIAL OFFICER 5612765225 2025-12-19 1 1 JOHN CHENOWETH P01768153 5617989988 2024 2025-03-06 01:10:19Z KERYN ENGELHARD 3600 GULF STREAM ROAD GULF STREAM FL 33483 13321582 0 X WWW.GULFSTREAMSCHOOL.ORG X 1971 FL EDUCATION OF GRADES PRE-SCHOOL THROUGH EIGHTH GRADE. 15 15 109 105 0 0 2510466 2362894 9914244 10709513 87250 121164 -10553 32882 12501407 13226453 656067 719745 0 0 6669732 7400474 0 0 341525 3666826 4056104 10992625 12176323 1508782 1050130 33097931 36521964 2399819 2449846 30698112 34072118 EDUCATION OF GRADES PRE-SCHOOL THROUGH EIGHTH GRADE. 0 0 8201199 719745 10709513 COMPREHENSIVE EDUCATIONAL PROGRAM SERVING STUDENTS FROM PRE-SCHOOL THROUGH EIGHTH GRADE. 8201199 1 1 0 0 0 0 0 0 0 1 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 0 0 0 0 0 0 0 0 0 1 33 0 109 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X KERYN ENGELHARD 5612765225 3600 GULF STREAM ROAD GULF STREAM FL 33483 THOMAS GLANFIELD PRESIDENT 10.00 X X 0 0 0 CARLY BELLIS VICE PRESIDENT 10.00 X X 0 0 0 JOHN BACKER TREASURER 10.00 X X 0 0 0 ALEXIS RUDISILL SECRETARY 1.00 X X 0 0 0 KATHY FAZIO TRUSTEE 1.00 X 0 0 0 KATHY FONG TRUSTEE 1.00 X 0 0 0 CHARLES HAGY JR TRUSTEE 1.00 X 0 0 0 MARC JULIEN TRUSTEE 1.00 X 0 0 0 RASHMI KAR TRUSTEE 1.00 X 0 0 0 MITCH SINBERG TRUSTEE 1.00 X 0 0 0 THOMAS M STANLEY TRUSTEE 1.00 X 0 0 0 KAREN SWEETAPPLE TRUSTEE 1.00 X 0 0 0 KATIE ORTHWEIN TRUSTEE 1.00 X 0 0 0 DENISE BURNS TRUSTEE 1.00 X 0 0 0 KIRK KONERT TRUSTEE 1.00 X 0 0 0 DR DERICK SMITH HEAD OF SCHOOL 40.00 X 256605 0 32622 KERYN ENGELHARD CFO 40.00 X 163659 0 24161 CATHY ABRAMS ASSISTANT HEAD OF SCHOOL 40.00 X 140648 0 22279 CASEY WILSON DIRECTOR OF DEVELOPMENT 40.00 X 115451 0 20321 MICHAEL MAHADY DIRECTOR OF ADMISSIONS 40.00 X 120939 0 20738 ANITA BENSON DIRECTOR OF COUNSELING 40.00 X 128879 0 21303 BRYAN COOK TEACHER 40.00 X 106666 0 19648 1032847 0 161072 7 0 1 0 FLIK INTERNATIONAL GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 501040 NEWPORT CONSTRUCTION INC 3421 SW 38TH STREET WEST PARK FL 33023 CONSTRUCTION SERVICES 279443 HANDLE REFRIGERATION LLC 4128 WESTROADS DR UNIT 207 WEST PALM BEACH FL 33407 A/C 231569 LTG SPORTS TURF ONE 105 SWEENEYDALE AVENUE BAYSHORE NY 11706 LANDSCAPING 180408 CAMPBELL CREATIVE 103 NE 4TH STREET DELRAY BEACH FL 33444 FURNITURE 137830 8 56650 2306244 15500 2362894 TUITIONS AND FEES 611110 10157055 10157055 AUXILIARY 611110 552458 552458 10709513 121164 121164 18619 48460 -29841 -29841 -29841 109392 56650 46669 62723 62723 13226453 10709513 0 154046 719745 719745 454641 317997 136644 5359659 3748797 1610862 375568 262690 112878 787684 550943 236741 422922 295812 127110 19802 19802 57122 57122 60033 60033 60592 41635 9606 9351 560622 385222 88881 86519 220973 151838 35033 34102 560069 68135 491934 1166 801 185 180 703612 478456 218120 7036 423815 288194 131383 4238 SCHOOL LUNCHEONS 421083 289341 66758 64984 MISCELLANEOUS EXPENSE 314933 216400 49929 48604 CLASSROOM EXPENSES 259353 178210 41118 40025 PROFESSIONAL DEVELOPMEN 91704 91704 301225 206983 47756 46486 12176323 8201199 3633599 341525 1347071 1467237 723319 1562242 58231 7030 259472 219319 24387941 12921698 10902303 11466243 19761507 21766928 46028 32965 33097931 36521964 744989 711468 1608802 1705413 46028 32965 2399819 2449846 X 25460993 27371453 5237119 6700665 30698112 34072118 33097931 36521964 1050130 2323876 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18046077 1601247 2263868 1284472 20626720 18194787 1052135 1810915 3011760 18046077 16490597 553783 1981155 830748 18194787 19566495 85160 -2506608 654450 16490597 17095410 1607243 3921761 3057919 19566495 0.67515 0.32485 0 0 792889 792889 17051856 7950946 9100910 4364815 3936392 428423 2178381 1034360 1144021 11466243 LEASE LIABILITIES - CURRENT 27788 LEASE LIABILITIES - LONG TERM 5177 32965 X 14865680 2323876 95129 2419005 12446675 60033 719745 779778 13226453 11491674 95129 95129 11396545 60033 719745 779778 12176323 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO ASSIST THE SCHOOL IN MAINTAINING FINANCIAL STABILITY BY CREATING A POTENTIAL ONGOING SOURCE OF INCOME. FUNDS MAY BE DESIGNATED FOR ENDOWMENT BY DONORS OR BY THE BOARD OF TRUSTEES. THE ENDOWMENT SUPPORTS MANY PROGRAMS WITHIN THE SCHOOL INCLUDING FINANCIAL AID, FACULTY COMPENSATION AND CHAIRS, FACULTY DEVELOPMENT, STUDENT PROGRAMS, FACILITY MAINTENANCE AND FOR ANY OTHER PURPOSE DESIGNATED BY THE DONOR OR BY THE BOARD OF TRUSTEES. PART X, LINE 2: THE SCHOOL IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE SCHOOL IS REQUIRED TO OPERATE IN CONFORMITY WITH THE PROVISIONS OF THE IRC TO MAINTAIN ITS EXEMPT STATUS. MANAGEMENT ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. BASED ON ITS EVALUATION, MANAGEMENT DID NOT IDENTIFY ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE YEARS 2025 OR 2024. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 46,669. RENTAL EXPENSES - LINE 6B 48,460. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSIONS 719,745. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES - LINE 6B 48,460. FUNDRAISING EXPENSES 46,669. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSIONS 719,745. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE FOLLOWING STATEMENT IS INCLUDED IN THE ANNUAL BROCHURE AND LOCAL NEWSPAPER: GULF STREAM DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR OR NATIVE ORIGINS IN ITS ADMISSIONS, FINANCIAL AID, EDUCATION, OR ANY OTHER PROGRAM. GOLF & TENNIS 166042 56650 109392 46669 166042 56650 109392 46669 46669 62723 1 FINANCIAL AID/TUITION REMISSION 44 719745 FMV FINANCIAL AID AND TUITION REMISSION FOR STUDENTS WITH FINANCIAL NEEDS. PART I, LINE 2: GULF STREAM SCHOOL ENDEAVORS TO MAKE AVAILABLE NEED-BASED FINANCIAL AID TO QUALIFIED STUDENTS WHO ARE ACCEPTED TO THE SCHOOL. FINANCIAL AID ALLOWS DESERVING STUDENTS AN OPPORTUNITY FOR AN INDEPENDENT SCHOOL EDUCATION WHILE ENABLING THE SCHOOL TO ATTRACT FAMILIES AND STUDENTS WITH VARIED BACKGROUNDS AND INTERESTS. GULF STREAM SCHOOL SUBSCRIBES TO SMART AID FOR FINANCIAL AID. PARENTS APPLYING FOR TUITION ASSISTANCE MUST COMPLETE A CONFIDENTIAL STATEMENT OF NEED KNOWN AS THE PARENTS' FINANCIAL STATEMENT (PFS). ONCE THE PFS IS RECEIVED AND REVIEWED BY SMART AID, GULF STREAM SCHOOL RECEIVES A REPORT WHICH INCLUDES A RECOMMENDATION FOR A FINANCIAL AID AWARD. AS PART OF THE APPLICATION PROCESS, FAMILIES MUST UPLOAD SIGNED COPIES OF THEIR MOST RECENT IRS FORM 1040, INCLUDING ALL SCHEDULES AND SUPPORTING DATA WITH W-2S. X X 0 1 X X X 0 0 0 0 0 0 0 0 0 DR DERICK SMITH HEAD OF SCHOOL 256605 0 0 0 0 0 0 0 32622 0 289227 0 0 0 KERYN ENGELHARD CFO 163659 0 0 0 0 0 0 0 24161 0 187820 0 0 0 CATHY ABRAMS ASSISTANT HEAD OF SCHOOL 140648 0 0 0 0 0 0 0 22279 0 162927 0 0 0 ANITA BENSON DIRECTOR OF COUNSELING 128879 0 0 0 0 0 0 0 21303 0 150182 0 0 0 PART I, LINE 1A THE RESIDENCE OF THE HEAD OF SCHOOL IS PROVIDED FOR THE BENEFIT OF THE SCHOOL. THE RESIDENCE IS USED FOR THE FOLLOWING SCHOOL FUNCTIONS: COOKOUTS AND PICNICS FOR STUDENTS AND PARENTS; FACULTY ENTERTAINMENT; INDIVIDUAL COUNSELING OF STUDENTS AND PARENTS; ENTERTAINMENT AND HOUSING GUESTS; AND OTHER SIMILAR USE. THE PROPERTY IS AVAILABLE AT ALL TIMES FOR SUCH USE. THE DISCRETIONARY SPENDING ACCOUNT IS PROVIDED TO THE HEAD OF SCHOOL TO BE USED AT HIS DISCRETION. ALL OF THE ACTIVITY ON THIS ACCOUNT IS REVIEWED MONTHLY BY THE CFO. A MAJORITY OF THE EXPENSES ARE RELATED TO THE SCHOOL, TO UNDERWRITE THE STUDENT NEEDS OR THE RESIDENCE PROVIDED BY THE SCHOOL. THE HEAD OF SCHOOL AND CFO MEET MONTHLY TO VERIFY THAT ALL EXPENDITURES FROM THE ACCOUNT BENEFIT THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE RETURN HAS BEEN PROVIDED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF TRUSTEE MEMBERS SIGN THE CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY REQUIRES MEMBERS WHO HAVE A CONFLICT TO DISCLOSE IT TO THE OTHER MEMBERS AND ABSTAIN FROM VOTING ON THE ITEM IN WHICH THEY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES NEGOTIATES THE HEAD OF SCHOOLS ORIGINAL CONTRACT. THE BOARD OF TRUSTEES USES STATISTICAL INFORMATION FROM NAIS TO HELP DETERMINE THE HEAD OF SCHOOLS COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE SCHOOL'S OVERSIGHT POLICY HAS NOT CHANGED.