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Nonprofiteer
← COMMUNITY SCHOOL FOUNDATION INC

Form 990 for tax year 2022

Filed by COMMUNITY SCHOOL FOUNDATION INC.

Totals

Total revenue
$433,743
Total expenses
$50,147
Contributions and grants received
$24,000
Grants paid
$0
Program service revenue
$0
Investment income
$409,743
Other revenue
$0
Total assets, end of year
$17,387,906
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$17,387,906
Program services expenses (Part IX)
$0
Management and general expenses
$50,147
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $24,000

  • 3 · Investment income

    total $295,741 · excluded $295,741

  • 7a · Gross sales of assets other than inventory

    securities $15,885,469

  • 7b · Less cost or other basis and sales expenses

    securities $15,771,467

  • 7c · Gain or loss

    securities $114,002

  • 7d · Net gain or loss

    total $114,002 · excluded $114,002

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $50,147 · management and general $50,147

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    end of year $16,514,139

  • 12 · Investments: other securities

    beginning of year $6,668 · end of year $872,714

  • 15 · Other assets

    beginning of year $15,894,971 · end of year $1,053

  • 27 · Net assets without donor restrictions

    beginning of year $9,478,306 · end of year $10,812,742

  • 28 · Net assets with donor restrictions

    beginning of year $6,423,333 · end of year $6,575,164

Mission and programs · 2022

Mission

THE COMMUNITY SCHOOL FOUNDATION WAS ESTABLISHED TO GROW AND PRESERVE AN ENDOWMENT FOR THE BENEFIT OF COMMUNITY SCHOOL OF NAPLES (CSN) AND ITS STUDENTS. CSN IS KNOWN FOR ITS COMPREHENSIVE COLLEGE PREPARATORY PROGRAM THAT BLENDS RIGOR WITH A COMMITMENT TO (SEE SCHEDULE O) INDIVIDUAL GROWTH AND DEVELOPMENT. FROM PK3 TO 12TH GRADE, OVER 800 STUDENTS TAKE PART IN A CURRICULUM THAT REFLECTS THE HIGHEST STANDARDS OF INDEPENDENT SCHOOLS, ON A 77-ACRE CAMPUS, INCLUDING A MEDIA CENTER, FIELD HOUSE, PLAYING FIELDS AND OVER 20 ACADEMIC BUILDINGS. ADVANCED PLACEMENT COURSES ARE AVAILABLE IN EVERY CURRICULAR AREA. OF OUR DEDICATED, EXPERIENCED FACULTY, MORE THAN HALF HAVE ADVANCED DEGREES. CLASS SIZES ARE SMALL, ALLOWING FOR CLOSE RELATIONSHIPS WITH FACULTY AND ONGOING ASSESSMENT. STUDENTS MAY PARTICIPATE IN NUMEROUS ACTIVITIES INVOLVING MUSIC, THE ARTS, SPORTS, MATHCOUNTS AND MU ALPHA THETA, MODEL CONGRESS, MODEL UN, AND FOREIGN LANGUAGE COMPETITIONS.

Activities or mission (Part I)

TO GROW AND PRESERVE AN ENDOWMENT FOR THE COMMUNITY SCHOOL OF NAPLES

  • COMMUNITY SCHOOL FOUNDATION, INC. (FOUNDATION) PROVIDES FINANCIAL SUPPORT TO THE COMMUNITY SCHOOL OF NAPLES, INC. (CSN). CSN IS AN INDEPENDENT, PK3 TO 12 COLLEGE PREPARATORY DAY SCHOOL, ESTABLISHED IN 1982 WITH A CURRENT STUDENT POPULATION OF OVER 975. CSN IS COMMITTED TO ACADEMIC EXCELLENCE AND PROVIDES STUDENTS WITH A BROAD RANGE OF PERSONAL OPPORTUNITIES WITHIN A CARING AND RESPECTFUL ENVIRONMENT. CSN PREPARES STUDENTS TO BECOME INDEPENDENT THINKERS AND LIFELONG LEARNERS WHO STRIVE TO REALIZE THEIR FULL POTENTIAL. THE FOUNDATION RECEIVES TUITION ASSESSMENTS FROM NEW CSN STUDENTS EACH YEAR.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Domenic Ferrante

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • John Allen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 10 related

  • Chad Ott

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Tom McAuley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Andrew Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • John Quinn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Julie Schmelzle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Dr David Watson

    HEAD OF SCHOOL

    Total calculated
    $501,039
    From this org
    $0
    From related orgs
    $451,940
    Other
    $49,099
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,219 related
    Bonus
    $0 + $88,959 related
    Other
    $0 + $62,762 related
    Deferred
    $0 + $22,875 related
    Nontaxable benefits
    $0 + $26,224 related
    Filer's total
    $0 + $501,039 related

  • Paul Selvidio

    CHIEF FINANCIAL OFFICER

    Total calculated
    $315,697
    From this org
    $0
    From related orgs
    $296,172
    Other
    $19,525
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,700 related
    Bonus
    $0 + $61,780 related
    Other
    $0 + $692 related
    Deferred
    $0 + $18,141 related
    Nontaxable benefits
    $0 + $1,384 related
    Filer's total
    $0 + $315,697 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
DR. DAVID WATSON RECEIVES THESE TYPES OF BENEFITS. REIMBURSEMENT FOR ANY ALLOWANCE EXPENSES WERE APPROVED BY THE CFO AND NOT INCLUDED IN HIS TAXABLE INCOME. DR. WATSON RECEIVED A HOUSING ALLOWANCE OF $52,789 AND A $11,370 CAR ALLOWANCE WHICH WERE ALL INCLUDED IN HIS TAXABLE INCOME.
PART I, LINE 3
THE COMPENSATION OF THE HEAD OF SCHOOL IS DETERMINED BY THE RELATED ORGANIZATION. THE COMPENSATION IS COMPARED TO OTHER SIMILAR SCHOOLS FROM SURVEYS AVAILABLE ONLINE, ALONG WITH COST OF LIVING AND THE APPROVED BUDGETS, WHICH ARE BASED ON ENROLLMENT. COMPENSATION IS ALSO COMPARED TO THE COMPENSATION STATISTICS FROM THE NAIS AND FROM FCIS (NATIONAL AND FLORIDA PRIVATE SCHOOL ORGANIZATIONS).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349308366

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