All Souls School

“The organization uses trinet hr corporation ("trinet"), a professional employer organization ("peo"), which provides professional employer services to the school. In the peo relationship, trinet and the school share certain responsibilities and allocate other employer responsibilities individually. Individuals reported on form 990, part vii, section a are paid by the peo. Fees incurred to trinet for peo services in fy2021 were $30,682.”

“All souls 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, it is reviewed by the business manager, board treasurer, and executive director. Once management is comfortable with the return, the return is filed with the internal revenue service. The return is then distributed to board members electronically after the return is filed.”

“The schools has a written conflict of interest policy, which is monitored and enforced annually. The board currently mandates that all members of the governing body, officers, and key employees annually sign a conflict of interest statement and disclose any potential or actual conflicts that may exist to the audit committee. An interested person may make a presentation to the board or authorized committee but after the presentation, he/she must leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The board or authorized committee is responsible for determining whether a conflict of interest exists and for determining whether a more advantageous transaction can be obtained without giving rise to a conflict of interest. The minutes of the board or authorized committee must: 1) include the financial interest in the transaction, agreement or arrangement, 2) states that the interest was not present during the final deliberation or vote, 3) state that the interest conflicted, if a trustee, abstained from voting on the conflict transaction, 4) describe the action taken and 5) describe any consideration of alternative transaction.”

“The board of trustees reviews and determines compensation of the executive director. Market analysis is performed using comparability data from forms 990 of other organizations and industry surveys, including salary levels of member schools part of the new york state association of independent schools. This process was documented in the board minutes and last undertaken in 2020.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the form 1023, financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

“All souls school, an early childhood day school founded in 1965, celebrates and builds upon each child's strengths, interests, and experiences in an intentional, diverse, and nurturing community that fosters experimentation, a love of learning, and respect for others. Our highly experienced and credentialed faculty is committed to nurturing a sense of wonder and to discovering each child's capabilities and ways of learning. This approach creates the foundation for provisioning the classroom and for curriculum planning. Play is understood as a child's academic searching and an expression of intelligence and growth. Through the process of their engagement with play, and the project approach to learning - from inquiry, discussion, activity and reflection, to documentation - children can realize endless possibilities for discovering meaning and relationships. In order to achieve this, they are given time and space for exploration and further involvement. Each child is appreciated for his or her contributions to the process. One-on-one, small group and whole class learning takes place within and beyond the walls of the school, incorporating the natural world and introducing children to broader social and environmental contexts. As they participate fully in their classroom community, children are encouraged to reflect on their work and to become thoughtful, active, and responsible learners. Our teaching is influenced by several educational theories: the bank street or the developmental-interaction approach holds as a basic belief that children want to understand the world and how it works. Teachers consider each child's development and growth and strive to create an environment that is responsive to where each child is intellectually, socially, emotionally, and physically. Interaction refers to the interface within the child of emotions and intellectual development. Interaction also refers to the relationships the child has with the other children, teachers, materials and ideas present in the carefully designed classroom and school. Reggio emilia is a small town in northern italy. In 1991 newsweek labeled the early childhood schools in reggio emilia as the "best in the world." central to the reggio approach is that children are seen as competent: their ideas and questions are worthy of being used as a basis for curriculum design. The environment of the school and classroom is seen as "the third teacher," as children learn so much from where and with whom they spend their time in school. Teachers and children reflect often on their work, separately and together, and there is documentation of the processes of the work. Emergent curriculum also considers children's interests and incorporates teacher goals within the work. Some curriculum arises from what is happening in the world around the school and in the children's lives. As a result of children's questions teachers create specific curriculum that builds upon the topic of interest. Overarching these ideas is the belief that children learn and gain self-confidence through experiences with each other, with teachers and with materials. We stress the importance of the life of the child within a group because we believe that society is continuously changing and children need the skills of living in a group to work well with others.”

“The organization has a committee that is responsible for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”

“During the preparation of the 2021 financial statements, the school identified an error in the accounting for the depreciation on its leasehold improvements and revenue recognition of the nonrefundable deposits on fiscal year august 31, 2021 tuition. The school restated its 2020 financial statements in order to properly reflect the assets, liabilities, and change in net assets related to this error. This caused a prior period adjustment of $502,304.”