2026-05-06T20:39:58-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-07-01 133091539 ABRAHAM JOSHUA HESCHEL SCHOOL ABRA 2122467717 20 WEST END AVENUE NEW YORK NY 10023 ALAN SCHEFEN CFO 2127841234 2025-11-17 1 1 MELISSA MODELSON P01603524 9143818900 2026-05-01 2024 2025-03-06 01:10:19Z ARIELA R DUBLER 20 WEST END AVENUE NEW YORK NY 10023 131131953 0 X WWW.HESCHEL.ORG X 1981 NY THE ABRAHAM JOSHUA HESCHEL SCHOOL IS AN INDEPENDENT JEWISH DAY SCHOOL (CONTINUED ON SCHEDULE O)WHICH INCLUDES STUDENTS FROM A WIDE RANGE OF JEWISH BACKGROUNDS, PRACTICES AND BELIEFS. 21 21 367 275 -7414 0 6827228 8505338 55695155 57938283 4307181 12813480 -148300 -133761 66681264 79123340 16660765 17247910 0 0 39369689 41156274 101485 96792 1581094 11812996 12482658 67944935 70983634 -1263671 8139706 176011189 181367742 21129095 22657399 154882094 158710343 X THE ABRAHAM JOSHUA HESCHEL SCHOOL IS AN INDEPENDENT JEWISH DAY SCHOOL WHICH INCLUDES STUDENTS FROM A WIDE RANGE OF JEWISH BACKGROUNDS, PRACTICES AND BELIEFS. (SEE SCHEDULE O FOR CONTINUATION) 0 0 64322606 17247910 57938283 THE ABRAHAM JOSHUA HESCHEL SCHOOL IS COMMITTED TO IDENTIFYING, TEACHING, AND APPLYING A FULL RANGE OF STANDARDS THAT HAVE FOUND EXPRESSION IN JEWISH TRADITION AND WHICH PROMOTE THE DEVELOPMENT OF OUR STUDENTS INTO CIVICALLY RESPONSIBLE AND SPIRITUALLY SENSITIVE HUMAN BEINGS. THE EDUCATIONAL PHILOSOPHY OF THE ABRAHAM JOSHUA HESCHEL SCHOOL IS GROUNDED IN A STRONG CURRICULUM WHICH REQUIRES EACH STUDENT TO SEEK PERSONAL MEANING IN THAT CURRICULUM. OUR CONCERN FOR THE WHOLE CHILD IS REFLECTED IN ATTENTION TO AND THE BALANCE BETWEEN INTELLECTUAL AND EMOTIONAL GROWTH. WE EMPHASIZE VALUES AND MORAL EDUCATION. WE VIEW CONCERN FOR THE CHILD'S EMOTIONAL DEVELOPMENT, THE QUALITY OF RELATIONSHIPS AMONG STUDENTS AND STAFF, AND REACHING OUT TO OTHERS AS CRITICAL COMPONENTS OF SUCH AN EDUCATION. SEE SCHEDULE O.OUR EDUCATIONAL PROGRAM IS DESIGNED TO DEVELOP SKILLS OF INQUIRY AND EXPRESSION, AND TO FOSTER UNDERSTANDING OF THE SELF AND OTHERS. WE PROVIDE MODELS OF EXCELLENCE IN OUR STAFF AND PROGRAM AND EMPHASIZE THE IMPORTANCE OF HARD WORK IN THE PURSUIT OF ACHIEVEMENT. GOALS FOR EACH SCHOOL YEAR ARE VIEWED IN THE CONTEXT OF OUR LONGER RANGE VISION OF EDUCATION AS A DEVELOPMENTAL PROCESS. 64322606 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 47 0 367 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ALAN SCHEFEN 2122467717 20 WEST END AVENUE NEW YORK NY 10023 BEN ARCHIBALD PRESIDENT 4.00 X X 0 0 0 DAN SENOR VICE PRESIDENT 4.00 X X 0 0 0 JACOB W BUCHDAHL VICE PRESIDENT 4.00 X X 0 0 0 EMILY CASLOW GINDI SECRETARY 4.00 X X 0 0 0 GEULA SOLOMON TREASURER 4.00 X X 0 0 0 SAMUEL E GOODMAN TRUSTEE 2.00 X 0 0 0 SARA HARRIS TRUSTEE 2.00 X 0 0 0 ADAM GITLIN TRUSTEE 2.00 X 0 0 0 LAURA GUTTMAN TRUSTEE 2.00 X 0 0 0 AMY KALMANOFSKY TRUSTEE 2.00 X 0 0 0 IVAN LEHON TRUSTEE 2.00 X 0 0 0 WESLEY LEPATNER TRUSTEE 2.00 X 0 0 0 ADINA LEWITTES TRUSTEE 2.00 X 0 0 0 JONATHAN LEWINSOHN TRUSTEE 2.00 X 0 0 0 DAVID MAYMAN TRUSTEE 2.00 X 0 0 0 TREVOR MORRISON TRUSTEE 2.00 X 0 0 0 ETHAN ORLINSKY TRUSTEE 2.00 X 0 0 0 STEFANIE RUCH TRUSTEE 2.00 X 0 0 0 ESTHER SAFRA SZAJMAN TRUSTEE 2.00 X 0 0 0 CORY WISHENGRAD TRUSTEE 2.00 X 0 0 0 LORI ZBAR TRUSTEE 2.00 X 0 0 0 ARIELA DUBLER HEAD OF SCHOOL 40.00 X 670675 0 61474 ALAN SCHEFEN CHIEF FINANCIAL OFFICER 40.00 X 419442 0 58549 SUSAN KARDOS DIR OF INST. ADVANCEMENT THRU MAR 2025 40.00 X 337769 0 130121 LINDA HOLOF-SAPOSH ASSISTANT HEAD OF SCHOOL 40.00 X 430548 0 64640 SHARON SHOROFSKY MACK LOWER SCHOOL HEAD 40.00 X 322676 0 98388 LORI SKOPP MIDDLE SCHOOL HEAD 40.00 X 354699 0 93734 DOROTHY DENBURG DIRECTOR OF COLLEGE COUNSELING 40.00 X 303691 0 60770 RICHARD WISNIEWSKI DIRECTOR OF FACILITIES 40.00 X 278131 0 108719 3117631 0 676395 119 0 1 0 ELIOR CTY LLC 120 BROADWAY SUITE 1020 NEW YORK NY 10271 FOOD SERVICES 1524593 HUNTLEIGH USA CORPORATION 5956 SHERRY LANE DALLAS TX 75225 SECURITY 621245 BROWNIN TRANSPORTATION INC 5 SUNRISE PLAZA SUITE 101 VALLEY STREAM NY 11580 BUSING 166149 FIVE STAR CATERERS INC 383 MINNISINK ROAD TOTOWA NJ 07512 CATERING 159040 RAINBOW TRANSPORTATION 51 LEGION DRIVE BERGENFIELD NJ 07621 STUDENT BUSING 157622 15 1069136 2005689 5430513 168708 8505338 TUITION AND FEES 611710 57023257 57023257 AUXILIARY ACTIVITIES 611710 915026 915026 57938283 1651331 -8399 1659730 15830 0 15830 15830 15830 62870691 51708542 11162149 11162149 985 11161164 150480 1069136 300071 -149591 -149591 79123340 57938283 -7414 12687133 17247910 17247910 1471895 460742 708981 302172 30333088 27755029 2065958 512101 2068994 1901637 134275 33082 5057902 4529509 430879 97514 2224395 1973970 196548 53877 8214 8214 78050 78050 96792 96792 117478 117478 841216 692838 148378 62638 62638 519548 346589 100780 72179 268287 241458 18780 8049 1100888 972056 25767 103065 623790 623790 94601 94601 8925 8925 3942973 3745824 157719 39430 425847 425847 FOOD SERVICE 1750793 1750793 REPAIRS & MAINTENANCE 845129 428924 233824 182381 INSTRUCTIONAL SUPPLIES 566509 566509 AFTERSCHOOL PROGRAM 506756 506756 721016 483671 156893 80452 70983634 64322606 5079934 1581094 5216479 5485365 2622543 4641852 1394007 1724716 1405101 1435902 1053127 340512 164574351 66597519 101604939 97976832 57033378 50266744 5681615 19495819 176011189 181367742 6885500 6873459 12802468 14153072 158920 153920 1282207 1476948 21129095 22657399 X 141620959 144919284 13261135 13791059 154882094 158710343 176011189 181367742 X 8139706 -4954250 642793 X X 0 1 X 1 0 X 6551239 12577222 10429549 6827228 8505338 44890576 6551239 12577222 10429549 6827228 8505338 44890576 2327273 42563303 574902 1940324 1376945 1570704 1675560 7138435 57922 57922 52086933 259937936 0.81720 0.82130 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: BAD DEBT RECOVERY - 2021 AMOUNT: $ 57,922. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 59333471 869000 7381864 67584335 53025367 1527279 6982299 2201474 59333471 52393720 101800 4380459 3850612 53025367 60709756 13250 -8329286 52393720 45785263 3878778 11045715 60709756 0.82085 0.17915 0 0 24363059 24363059 131793338 58632160 73161178 8417954 7965359 452595 97976832 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 722204 C INVESTMENT IN LIMITED PARTNERSHIPS 18773615 C 19495819 457 DEFERRED COMPENSATION LIABILITY 1476948 1476948 X 57209202 -4954250 414416 674269 -3865565 61074767 117478 17931095 18048573 79123340 53380953 414416 30269 444685 52936268 117478 17929888 18047366 70983634 PART IV, LINE 2B: THE SCHOOL REQUIRED FAMILIES TO HAVE A DEPOSIT ON ACCOUNT WHEN THEY INITIALLY JOINED THE SCHOOL. ONCE THE CHILD GRADUATES, THE DEPOSIT IS EITHER RETURNED TO THE FAMILY OR REALLOCATED TO CAMPAIGN FUND WITH THE FAMILIES PERMISSION. THIS REQUIREMENT HAS BEEN DISCONTINUED SINCE FISCAL YEAR 2015. PART V, LINE 4: THE ENDOWMENT FUNDS ARE HELD BY THE SCHOOL TO SUPPORT THE FOLLOWING ACTIVITIES: SCHOLARSHIPS AND FINANCIAL AID; FACULTY ENRICHMENT FUND, AND GENERAL OPERATING PURPOSES. 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, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: EFFECT OF CHANGE IN POST-RETIREMENT BENEFIT LIABILITY 30,269. RECOVERY OF BAD DEBT EXPENSE REPORTED ON PART XI, LINE 9 644,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID INCLUDED ON PART IX, LINE 2 17,833,096. GRANTWRITING SERVICES REPORTED ON PART IX, LINE 11E 96,792. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 1,207. PART XII, LINE 2D - OTHER ADJUSTMENTS: EFFECT OF CHANGE IN POST-RETIREMENT BENEFIT LIABILITY 30,269. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID INCLUDED ON PART IX, LINE 2 17,833,096. GRANTWRITING SERVICES REPORTED ON PART IX, LINE 11E 96,792. 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 ABRAHAM JOSHUA HESCHEL SCHOOL ADMISSIONS MATERIALS AND APPLICATIONS FOR FINANCIAL AID INCLUDE A STATEMENT OF THE SCHOOL'S NONDISCRIMINATION POLICY. HUMAN RESOURCES INCLUDES A NONDISCRIMINATION STATEMENT ON ALL RECRUITMENT MATERIALS WITH THE SCHOOL. THE SCHOOL ONLY SOLICITS LOCALLY - NO GENERAL MEDIA PUBLICATIONS. THE SCHOOL HAS PUBLISHED ITS NOTICE OF NONDISCRIMINATORY POLICY ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECIEVED THE FOLLOWING ASSISTANCE FROM A GOVERNMENTAL AGENCY: NYS MANDATED SERVICES, NYC SECURITY GUARD PROGRAM, AND NYS SCHOOL SAFETY EQUIPMENT GRANT. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 11603646 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 444332 0 0 0 0 0 0 12047978 0 12047978 1 0 1 1 1 0 SCHEDULE F, PART IV: THE SCHOOL IS NOT REQUIRED TO FILE FORMS 5471, 8621, AND 8865 BECAUSE IT DOES NOT MEET THE APPLICABLE OWNERSHIP THRESHOLD OR OTHER FILING REQUIREMENTS. THE SCHOOL IS REQUIRED TO FILE FORM 926 BECAUSE IT DOES MEET THE APPLICABLE OWNERSHIP THRESHOLD OR OTHER FILING REQUIREMENTS. X X X X X X X 1 YESHIVA CONSULTING SERVICES 24 NORTH APPLE STREET LAKEWOOD NJ 08701 GRANTWRITING 0 1382739 96792 1285947 1382739 96792 1285947 NY BENEFIT DINNER 1219616 1069136 150480 224370 1645 74056 1219616 1069136 150480 224370 1645 74056 300071 -149591 1 NEED-BASED FINANCIAL AID 539 17247910 PART I, LINE 2: THE GOAL OF ADMITTING A DIVERSE POPULATION OF HIGHLY QUALIFIED STUDENTS IMPLIES A COMMITMENT TO SUBSTANTIAL FINANCIAL AID. FINANCIAL AID AWARDS ARE OFFERED ON THE BASIS OF A FAMILY'S DEMONSTRATED NEED AND THE RELATIVE NEED OF THE OTHER FAMILIES APPLYING. APPLICATIONS FOR RENEWAL MUST BE FILED ONLINE BY THE FAMILIES EACH YEAR USING CLARITY FINANCIAL AID. THE APPLICATION IS THEN FORWARDED TO THE HESCHEL SCHOOL ALONG WITH A GENERAL RECOMMENDATION ON A FAMILY'S ABILITY TO PAY FOR EDUCATION. THE FINANCIAL AID COMMITTEE USES THE ASSESSMENT AS A GUIDE IN ALLOCATING FINANCIAL AID AWARDS. OTHER FACTORS ARE ALSO USED WHEN DETERMINING THE FINANCIAL NEED OF A FAMILY SUCH AS THE NUMBER OF CHILDREN IN TUITION-CHARGING SCHOOLS, ALL SOURCES OF INCOME, SAVINGS, INVESTMENTS, AND ASSETS. X X X 0 0 0 0 0 0 0 1 0 ARIELA DUBLER HEAD OF SCHOOL 612725 0 0 0 57950 0 31050 0 30424 0 732149 0 0 0 LINDA HOLOF-SAPOSH ASSISTANT HEAD OF SCHOOL 430053 0 0 0 495 0 30912 0 33728 0 495188 0 0 0 ALAN SCHEFEN CHIEF FINANCIAL OFFICER 388937 0 0 0 30505 0 30912 0 27637 0 477991 0 0 0 SUSAN KARDOS DIR OF INST. ADVANCEMENT THRU MAR 2025 306774 0 0 0 30995 0 21628 0 108493 0 467890 0 0 0 LORI SKOPP MIDDLE SCHOOL HEAD 324199 0 0 0 30500 0 30901 0 62833 0 448433 0 0 0 SHARON SHOROFSKY MACK LOWER SCHOOL HEAD 322676 0 0 0 0 0 30906 0 67482 0 421064 0 0 0 RICHARD WISNIEWSKI DIRECTOR OF FACILITIES 240469 0 37600 0 62 0 28659 0 80060 0 386850 0 0 0 DOROTHY DENBURG DIRECTOR OF COLLEGE COUNSELING 302738 0 0 0 953 0 27770 0 33000 0 364461 0 0 0 PART I, LINE 7 DIRECTOR OF FACILITIES INCLUDED IN SCHEDULE J, PART II RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2024 WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN THEIR 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. X 14 168708 AVG. SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. FORM 990, PART III, LINE 1: THE ABRAHAM JOSHUA HESCHEL SCHOOL IS AN INDEPENDENT JEWISH DAY SCHOOL NAMED IN MEMORY OF ONE OF THE GREAT JEWISH LEADERS, TEACHERS, AND ACTIVISTS OF THE 20TH CENTURY AND DEDICATED TO THE VALUES THAT CHARACTERIZED RABBI HESCHELS LIFE: INTELLECTUAL EXPLORATION, INTEGRITY, LOVE OF THE JEWISH PEOPLE AND TRADITION, AND A COMMITMENT TO SOCIAL JUSTICE. THE HESCHEL SCHOOL IS A PLURALISTIC, EGALITARIAN COMMUNITY THAT INCLUDES STUDENTS FROM A WIDE RANGE OF JEWISH BACKGROUNDS, PRACTICES AND BELIEFS. BOYS AND GIRLS, MEN AND WOMEN PARTICIPATE EQUALLY IN ALL ASPECTS OF THE SCHOOLS RELIGIOUS, INTELLECTUAL, AND COMMUNAL LIFE. THE HESCHEL SCHOOL REGARDS THE TEXTS OF THE JEWISH TRADITION AND THE HISTORY OF THE JEWISH PEOPLE AS FUNDAMENTAL RESOURCES FOR DEVELOPING IDEAS, BELIEFS, BEHAVIORS AND VALUES TO SHAPE AND INSPIRE THE LIVES OF INDIVIDUALS IN OUR TIME. IN AN OPEN AND ENGAGING ACADEMIC SETTING, THE SCHOOLS CURRICULUM INTERWEAVES THE BEST OF BOTH JEWISH AND GENERAL KNOWLEDGE AND CULTURE THROUGHOUT THE SCHOOL DAY. THE SCHOOL'S APPROACH TO EDUCATION IS GOVERNED BY PROFOUND RESPECT FOR STUDENTS. IT NURTURES THEIR CURIOSITY, CULTIVATES THEIR IMAGINATION, ENCOURAGES CREATIVE EXPRESSION, VALUES THEIR INITIATIVE, AND ENGENDERS CRITICAL THINKING SKILLS. THE SCHOOL IS COMMITTED TO THE DEVELOPMENT OF THE WHOLE CHILD AND SUPPORTS EACH STUDENT'S INTELLECTUAL, EMOTIONAL, SOCIAL, PHYSICAL, AND SPIRITUAL GROWTH. IN ADDITION, THE SCHOOL SEEKS TO CREATE AN ENVIRONMENT THAT ENCOURAGES THE PROFESSIONAL AND PERSONAL GROWTH OF TEACHERS, ADMINISTRATORS, AND STAFF. AMONG THE CENTRAL GOALS OF THE ABRAHAM JOSHUA HESCHEL SCHOOL ARE THE FOLLOWING: (I) FOSTERING A LIFELONG LOVE OF LEARNING. THE SCHOOL SEEKS TO DEVELOP THE UNDERSTANDING THAT THE DISCOVERY OF PERSONAL MEANING AND THE GROWTH OF INDIVIDUAL IDENTITY CAN EMERGE FROM THE RIGORS OF STUDY. (II) CREATING AN ENVIRONMENT OF INTELLECTUAL CHALLENGE AND ACADEMIC EXCELLENCE. (III) CREATING AN ETHICAL LEARNING COMMUNITY THAT INSPIRES ITS STUDENTS TO BECOME RESPONSIBLE, ACTIVE, COMPASSIONATE CITIZENS, AND LEADERS IN THE JEWISH AND WORLD COMMUNITIES. (IV) CULTIVATING THE SPIRITUAL LIVES OF ITS STUDENTS AND THE NURTURING OF THEIR COMMITMENT TO JEWISH VALUES. THE SCHOOL HELPS STUDENTS LEARN ABOUT AND RESPECT A RANGE OF JEWISH PRACTICES AND ENCOURAGES THEM TO EMBODY THESE TRADITIONS IN THE WAY THEY LIVE THEIR LIVES; STUDENTS LEARN THE SKILLS THAT ENABLE THEM TO PARTICIPATE FULLY IN JEWISH LIFE. (V) BUILDING OF BRIDGES BETWEEN DIFFERENT SECTORS OF THE JEWISH COMMUNITY, AND BETWEEN THE JEWISH COMMUNITY AND OTHER COMMUNITIES, AS EXPRESSIONS OF OUR RELIGIOUS IMPERATIVE TO UNITE HUMAN BEINGS THROUGH JUSTICE, SHARED HUMANITY, AND MUTUAL RESPECT. (VI) FOSTERING IN ITS STUDENTS A DEEP COMMITMENT TO AND A LIFELONG RELATIONSHIP WITH THE STATE OF ISRAEL AND ITS LANGUAGE, CULTURE AND PEOPLE, IN RECOGNITION OF THE CENTRALITY OF THE STATE OF ISRAEL TO JEWISH IDENTITY AND TO THE JEWISH PEOPLE. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, THE FORM 990 IS ELECTRONICALLY SENT TO THE AUDIT COMMITTEE FOR ANY COMMENTS. ANY COMMENTS ARE THEN SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND SENT TO THE BOARD OF TRUSTEES FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EVERY OFFICER AND TRUSTEE IS REQUIRED TO COMPLETE AND SUBMIT TO THE BOARD OF TRUSTEES A WRITTEN DISCLOSURE STATEMENT ADDRESSING GENERAL AND COMMON SITUATIONS THAT LEAD, OR COULD LEAD, TO THE DEVELOPMENT OF A CONFLICT OR THE APPEARANCE OF A CONFLICT. IF THE AFFECTED INDIVIDUAL IS A VOTING MEMBER OF THE BOARD OF TRUSTEES, SUCH INDIVIDUAL SHALL RECUSE HIMSELF OR HERSELF FROM PARTICIPATING IN SUCH VOTING AND CANNOT BE COUNTED FOR A QUORUM FOR SUCH VOTE. THIS POLICY IS MONITORED AND ENFORCED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED BY A SUB-COMMITTEE OF THE BOARD OF TRUSTEES. THIS SUB COMMITTEE UTILIZES COMPARABLE DATA AS WELL AS ANNUAL PERFORMANCE EVALUATION TO ARRIVE AT AN APPROPRIATE LEVEL OF COMPENSATION FOR THE HEAD OF SCHOOL AS STIPULATED IN HER EMPLOYMENT CONTRACT. COMPENSATION INCREASES ARE GENERALLY DETERMINED THROUGH THE BUDGET PROCESS EACH YEAR. THIS REVIEW PROCESS IS DONE EVERY FIVE YEARS AS THE EMPLOYMENT CONTRACT IS RENEWED. THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE SCHOOL AND ITS BOARD USING COMPARABLE COMPENSATION DATA AND ANNUAL REVIEWS OF ITS EMPLOYEES IN ORDER TO DETERMINE THE APPROPRIATE LEVEL OF COMPENSATION. THIS REVIEW PROCESS WAS LAST COMPLETED THIS FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES AND IS AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, AND BY-LAWS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: RECOVERY OF WRITE OFF OF UNCOLLECTIBLE PLEDGE 644,000. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -1,207. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.