2025-05-14T12:07:14-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2023-07-01 060646566 CANTERBURY SCHOOL INC CANT 8602103800 101 ASPETUCK AVENUE NEW MILFORD CT 06776 STEPHEN CARLETON CHIEF FINANCIAL OFFICER 8602103800 2025-05-12 1 1 LAURA J KENNEY P00202198 6177170831 2025-05-12 2023 2025-03-06 01:10:19Z RACHEL STONE 101 ASPETUCK AVENUE NEW MILFORD CT 06776 29329193 0 X WWW.CBURY.ORG X 1915 CT EDUCATIONAL ORGANIZATION 17 17 206 250 151696 0 5743226 4546291 21265252 22569435 710830 1514983 507124 543548 28226432 29174257 5376615 5514525 0 0 12191120 13541450 41736 56739 1918550 10252146 10553173 27861617 29665887 364815 -491630 98249171 101626076 22207768 21830232 76041403 79795844 CANTERBURY IS A COLLEGE PREPARATORY, COEDUCATIONAL BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES 9-12. 0 0 22078743 5514525 22569435 INSTRUCTION OF APPROXIMATELY 335 STUDENTS IN GRADES 9-12, INCLUDING STUDENT SERVICES RELATED TO EDUCATION PROGRAMS, LODGING AND MEALS. 22078743 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 70 0 1 206 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X STEPHEN CARLETON CHIEF FINANCIAL OFFICER 8602103800 CANTERBURY SCHOOL 101 ASPETUCK AVE NEW MILFORD CT 06776 H NICHOLAS RAGLAND JR PRESIDENT (AS OF 10/23), TRUSTEE 1.00 X X 0 0 0 ROBERT H STEERS PRESIDENT (UNTIL 10/23) 1.00 X X 0 0 0 JOHN A DONOVAN VICE PRESIDENT 1.00 X X 0 0 0 MARY COLEMAN LYNN SECRETARY (AS OF 10/23) 1.00 X X 0 0 0 CAROL LOVELL CARMODY TREASURER (AS OF 10/23), TRUSTEE 1.00 X X 0 0 0 DOROTHY L ALPERT TRUSTEE 1.00 X 0 0 0 KEITH G ANGELL TRUSTEE 1.00 X 0 0 0 HAROLD T CLARK III TRUSTEE 1.00 X 0 0 0 MATTHEW P DWYER JR TRUSTEE (UNTIL 10/23) 1.00 X 0 0 0 DOUGLAS FAMIGLETTI TRUSTEE 1.00 X 0 0 0 LAWRENCE P FISHER II TRUSTEE 1.00 X 0 0 0 SEAN F FLANAGAN TRUSTEE 1.00 X 0 0 0 ANNA FLIK TRUSTEE (UNTIL 4/24) 1.00 X 0 0 0 THEODORE C HOLLANDER TRUSTEE 1.00 X 0 0 0 JEREMIAH E KEEFE TRUSTEE 1.00 X 0 0 0 STEPHEN M KESSING TRUSTEE 1.00 X 0 0 0 NANCY MULHEREN TRUSTEE 1.00 X 0 0 0 NICOLE D'AMOUR SCHNEIDER TRUSTEE 1.00 X 0 0 0 LAUREN J STEERS TRUSTEE (UNTIL 10/23) 1.00 X 0 0 0 DONALD F VINCENT JR TRUSTEE 1.00 X 0 0 0 NELL WILLIAMS TRUSTEE 1.00 X 0 0 0 RACHEL STONE HEAD OF SCHOOL/TREASURER 40.00 X 386891 0 206266 PETER COTIER ASSOC HEAD OF SCHOOL/ASST 40.00 X 157569 0 71958 STEPHEN CARLETON CHIEF FINANCIAL OFFICER 40.00 X 194500 0 45770 RICHARD HENDERSON CHIEF ADVANCEMENT OFFICER 40.00 X 186664 0 87974 JOHN MOYLAN DIRECTOR OF FACILITIES 40.00 X 125834 0 34621 JAMES STONE DIRECTOR OF ATHLETICS 40.00 X 125049 0 8108 MATTHEW GLASER DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 126428 0 28792 DAVID TUTTLE DIRECTOR OF RECRUITMENT & EXTERNAL RELATION 40.00 X 144664 0 8882 1447599 0 492371 12 0 1 0 BURLINGTON CONSTRUCTION CO INC 450 NEW LITCHFIELD ST TORRINGTON CT 06790 CONSTRUCTION 510589 R&S CONSTRUCTION SERVICES INC 2072 STRAITS TURNPIKE MIDDLEBURY CT 06762 CONSTRUCTION 152976 B&D CONTROLLED AIR CORPORATION 180 SUNNY VALLEY RD 13 NEW MILFORD CT 06776 MAINTENANCE SERVICES 151747 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY 148535 ACTIVE INTERNET TECHNOLOGIES LLC PO BOX 783838 PHILADELPHIA PA 19178 COMMUNICATIONS SOFTWARE 130844 6 4546291 579956 4546291 TUITION 611710 22219074 22219074 MISC STUDENT CHARGES 611710 326279 326279 STUDENT SERVICES 611710 24082 24082 22569435 1499978 2498 1497480 135999 0 135999 135999 135999 15005 0 15005 15005 15005 281546 154936 126610 126610 POOL RINK, FIELD HOUSE 713940 149198 149198 MISCELLANEOUS REVENUE 713940 113391 113391 SPECIAL EVENTS 900099 18350 18350 280939 29174257 22569435 151696 1906835 5514525 5514525 1037034 117771 841654 77609 135308 135308 9103685 6450972 1803371 849342 2568224 2079665 324298 164261 697199 476993 161464 58742 62759 62759 74768 74768 56739 56739 265008 265008 107085 31610 75475 160237 160237 378144 159336 131341 87467 412267 290041 79344 42882 1030182 920191 64192 45799 424216 168068 145924 110224 143231 44097 75127 24007 489523 440571 48952 3021060 2567901 302106 151053 463971 463971 PLANT COSTS 1198280 910173 284269 3838 FOOD SERVICE COSTS 820866 820866 SPECIAL EVENTS 306149 117523 188626 ATHLETICS 285877 285877 909550 547255 304334 57961 29665887 22078743 5668594 1918550 7801295 8442422 1918114 1264364 283676 261343 115173 125776 738632 598301 92312028 47526184 46641366 44785844 21810890 25662382 18915542 20395813 24483 89831 98249171 101626076 1530921 1696462 2605721 2616369 17530702 16768518 211284 357547 329140 391336 22207768 21830232 X 39651952 40280935 36389451 39514909 76041403 79795844 98249171 101626076 -491630 4246071 0 X 0 1 X 1 0 X 7969953 7213537 5598580 5743226 4546291 31071587 7969953 7213537 5598580 5743226 4546291 31071587 8629467 22442120 742326 627901 1237603 909524 1633479 5150833 50153 5093 55246 18350 18350 36296016 83126660 0.61830 0.59120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2023 AMOUNT: $ 18,350. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40217401 1844651 5230758 905024 1063114 262238 45062434 37933441 1243863 3109400 877614 958526 233163 40217401 37695267 3409438 -1218736 826019 894088 232421 37933441 31432533 1085741 6974548 739724 855867 201964 37695267 30735586 1610891 262463 477206 522794 176407 31432533 0.22980 0.68150 0.08870 0 0 1400733 1400733 74798695 42077357 32721338 4664683 3684192 980491 11447917 1764635 9683282 44785844 HEDGE FUND 19394845 F SPLIT-INTEREST AGREEMENTS 1000968 F 20395813 LIABILITY UNDER SPLIT INTEREST AGREEMENTS 295585 LEASE LIABILITIES 95751 391336 27795731 4246071 154936 4401007 23394724 265008 5514525 5779533 29174257 24041290 154936 154936 23886354 265008 5514525 5779533 29665887 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUND IS TO SUPPORT THE CURRENT AND FUTURE OPERATIONS OF THE SCHOOL THROUGH THE DISBURSEMENT TO THE SCHOOL'S OPERATING FUND OF A PORTION OF THE ENDOWMENT'S INTEREST, DIVIDENDS, AND REALIZED AND UNREALIZED CAPITAL GAINS. THE LEVEL OF THOSE DISBURSEMENTS, KNOWN AS THE "SPENDING RATE", FROM THE ENDOWMENT TO THE OPERATING FUND IS DETERMINED BY THE BOARD OF TRUSTEES. ALL ENDOWMENT RETURNS IN EXCESS OF THOSE DISBURSED TO THE OPERATING FUND ARE REINVESTED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 154,936. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,514,525. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 154,936. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,514,525. 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 CANTERBURY SCHOOL ADVERTISES ITS POLICY OF NONDISCRIMINATION ON THE BASIS OF RACE, RELIGION, NATIONAL ORIGIN, GENDER OR SEXUAL ORIENTATION ON ITS WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 4 CANTERBURY SCHOOL DOES NOT TRACK THE RACIAL COMPOSITION OF THE APPLICANTS AND/OR STUDENTS. X X X X 1 SHAFF FUNDRAISING GROUP LLC 2 ALABAMA CT TOWNSON MD 21204 ANNUAL FUND CONSULTANT 0 0 56739 0 56739 CT 1 FINANCIAL AID FOR TUITION 176 5514525 PART I, LINE 2: FINANCIAL AID IS PROVIDED THROUGH A REDUCTION OF THE TUITION CHARGES AND IS AWARDED ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. X X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 RACHEL STONE HEAD OF SCHOOL/TREASURER 336135 0 0 0 50756 0 48213 0 158053 0 593157 0 0 0 RICHARD HENDERSON CHIEF ADVANCEMENT OFFICER 186664 0 0 0 0 0 11200 0 76774 0 274638 0 0 0 STEPHEN CARLETON CHIEF FINANCIAL OFFICER 194500 0 0 0 0 0 19450 0 26320 0 240270 0 0 0 PETER COTIER ASSOC HEAD OF SCHOOL/ASST 157569 0 0 0 0 0 15757 0 56201 0 229527 0 0 0 JOHN MOYLAN DIRECTOR OF FACILITIES 125834 0 0 0 0 0 7550 0 27071 0 160455 0 0 0 MATTHEW GLASER DIRECTOR OF INFORMATION TECHNOLOGY 126428 0 0 0 0 0 7586 0 21206 0 155220 0 0 0 DAVID TUTTLE DIRECTOR OF RECRUITMENT & EXTERNAL R 144664 0 0 0 0 0 0 0 8882 0 153546 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. CERTAIN OTHER HIGHLY COMPENSATED EMPLOYEES ARE ALSO PROVIDED ON CAMPUS HOUSING. THE VALUE OF THE HOUSING IS REPORTED AS NONTAXABLE IN SCHEDULE J, PART II, COLUMN (D). CLEANING SERVICES PROVIDED FOR THE HEAD OF SCHOOL RESIDENCE USED FOR SCHOOL BUSINESS PURPOSES IS NOT TREATED AS TAXABLE INCOME, BUT PERSONAL CLEANING SERVICES WERE TREATED AS TAXABLE. THE HEAD OF SCHOOL WAS ALSO PROVIDED SOCIAL CLUB DUES. THE CLUB WAS USED SOLELY FOR SCHOOL BUSINESS PURPOSES IN FISCAL YEAR ENDED JUNE 30, 2024. DUES WERE NOT TREATED AS TAXABLE INCOME. THE ORGANIZATION ASSUMED RACHEL STONE'S TAX LIABILITY FOR AMOUNTS REPORTABLE UPON VESTING OF HER SECTION 457F PLAN. THE 2023 GROSS UP AMOUNT WAS $12,850. THERE WAS AN ADDITIONAL AMOUNT FOR 2024 GROSS UP ON VESTING OF $4,236. SHE VESTED AS OF 12/31/23 AND $37,906 IS REPORTED AS 2023 TAXABLE COMPENSATION TO HER. THIS IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 4B THE SCHOOL HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN DESIGNED TO PROVIDE BENEFITS TO THE HEAD OF SCHOOL. THERE WAS A $25,000 CONTRIBUTION MADE TO HER SECTION 457(F) PLAN DURING THE YEAR. A CHEFA 060806186 2020-01-30 19122000 PRIMARILY REFINANCING OF SERIES C AND D BOND ISSUANCES ALONG W/ NEW PROJECTS 0 0 0 A 2271142 19122000 142475 1918320 17061205 2020 1 0 1 1 A 0 1 0 0 0.00000 0.00750 0.00750 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 JAMES STONE SEE PART V 135308 SEE PART V 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: JAMES STONE(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SPOUSE OF HEAD OF SCHOOL(D) DESCRIPTION OF TRANSACTION: COMPENSATION AND BENEFITS X 23 579956 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF DONATIONS, NOT THE NUMBER OF SHARES OF STOCK DONATED. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES ROBERT STEERS AND LAUREN STEERS ARE MARRIED AND HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B AGENDAS ARE KEPT AS A RECORD OF THE COMMITTEES' ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY TAX ADVISORS OF AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. THERE IS A SUBSET OF THE AUDIT COMMITTEE INCLUDING THE CHAIR OF THE AUDIT COMMITTEE, THE VICE PRESIDENT OF THE BOARD AND AN ADDITIONAL TRUSTEE, THAT REVIEWS AND APPROVES THE FORM 990. THE FORM 990 IS THEN PROVIDED TO ALL VOTING MEMBERS OF THE BOARD BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST QUESTIONNAIRES ARE CIRCULATED TO THE TRUSTEES ANNUALLY AND MAINTAINED BY THE HEAD OF SCHOOL'S ASSISTANT. EMPLOYEES ARE BOUND BY A CONFLICT OF INTEREST POLICY INCLUDED IN THE EMPLOYEE HANDBOOK. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. CHARITABLE REMAINDER TRUSTS (4) SPLIT INTEREST AGREEMENTS CT CANTERBURY SCHOOL T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0