2024-11-14T10:07:13-06:00 2024-06-30 921397405 TSS ADVISORS LLC 19 MORGAN DRIVE LEBANON NH 03766 990 2023-07-01 020222147 KIMBALL UNION ACADEMY KIMB 6034692160 PO BOX 188 MERIDEN NH 037700188 GERARD MURPHY CFO 6034692160 2024-11-14 1 0 MITCHELL R STAGNONE CPA P02371855 6036530044 2024-11-13 2023 2024-10-15 13:58:12Z GERARD MURPHY MAIN STREET MERIDEN NH 03770 39003357 0 X WWW.KUA.ORG X 1813 NH SECONDARY EDUCATION 19 19 199 25 126385 0 3507807 4691455 23297255 24561438 1004784 2097289 223135 252126 28032981 31602308 5798194 6771551 0 0 11726041 12137051 0 0 1890937 10499746 11253804 28023981 30162406 9000 1439902 127439171 146211530 31000486 40782586 96438685 105428944 OUR MISSION IS TO CREATE A DEEP SENSE OF BELONGING FOR EVERY MEMBER OF OUR COMMUNITY. THROUGH INTENTIONALLY DESIGNED EXPERIENCES AND CHALLENGES, OUR STUDENTS DEVELOP THE KNOWLEDGE, VOICE, AND CHARACTER TO LIVE WITH PURPOSE AND INTEGRITY. 0 0 24060443 6771551 24561438 PRIVATE HIGH SCHOOL THAT SERVES 268 BOARDING STUDENTS AND 77 DAY STUDENTS. 24060443 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 144 0 1 199 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NH X X GERARD MURPHY 6034692000 KIMBALL UNION ACADEMY MERIDEN NH 037700188 CHRISTOPHER YOSHIDA TRUSTEE THROUGH APRIL 2024 1.00 X 0 0 0 CLYDE NEVILLE TRUSTEE 1.00 X 0 0 0 DAVID ALLYN TRUSTEE 1.00 X 0 0 0 DONALD LOWERY TRUSTEE 1.00 X 0 0 0 EDWARD HILD VICE CHAIR 1.00 X 0 0 0 GLENN POGUST SECRETARY 1.00 X X 0 0 0 JADIHEL TAVERAS TRUSTEE 1.00 X 0 0 0 JENNIFER BORISLOW TRUSTEE 1.00 X 0 0 0 KARLA RADKE TRUSTEE 1.00 X X 0 0 0 MOLLY STEFFEY CHAIR OF THE BOARD 1.00 X X 0 0 0 PETER SCHIEFFELIN TREASURER THROUGH APRIL 2024 1.00 X X 0 0 0 ROBIN GRONLUND TRUSTEE 1.00 X 0 0 0 STEPHEN TAYLOR TRUSTEE 1.00 X 0 0 0 VIVA HARDIGG TRUSTEE 1.00 X 0 0 0 DAVID BARRETTE TRUSTEE 1.00 X 0 0 0 SCOTT HAMNER TRUSTEE 1.00 X 0 0 0 NEERAJ GARG TRUSTEE 1.00 X 0 0 0 KEITH MILNE TRUSTEE 1.00 X 0 0 0 SHELDON STANSFIELD TRUSTEE 1.00 X 0 0 0 BRIAN BODELL TRUSTEE AS OF APRIL 2024 1.00 X 0 0 0 JOSHUA MANDEL TRUSTEE AS OF APRIL 2024 1.00 X 0 0 0 RYAN MCPADDEN TRUSTEE AS OF APRIL 2024 1.00 X 0 0 0 SARAH GILES TRUSTEE AS OF APRIL 2024 1.00 X 0 0 0 DAVID POND TRUSTEE AS OF APRIL 2024 1.00 X 0 0 0 TYLER LEWIS HEAD OF SCHOOL 40.00 X 433938 0 165963 GERARD MURPHY CFO 40.00 X 173040 0 54614 THOMAS KARDEL ASSISTANT HEAD OF SCHOOL 40.00 X 114905 0 33622 STACEY SUMMERFIELD DIRECTOR OF INSTITUTIONAL ADVANCEMENT 40.00 X 195153 0 65419 LARRY OSMER DIRECTOR OF CAPITAL PROJECTS 40.00 X 113855 0 30002 TIMOTHY WHITEHEAD ASSOCIATE DIRECTOR ADVANCEMENT 40.00 X 110344 0 16782 1141235 0 366402 6 0 1 0 REARCH COMPANY INC 88 TECHNOLOGY PARK WAY SOUTH BURLINGTON VT 05403 CONSTRUCTION 4906952 SAGE DINING SERVICES 1402 YORK RD LUTHERVILLE MD 21093 DINING SERVICES 1704431 VERMONT INTEGRATED ARCHITECTURE PC PO BOX 862 MIDDLEBURY VT 05753 ARCHITECTURAL, ENGINEERING, DESIGN 960574 EXPRESS CLEANING LLC 216 BUTTERNUT ROAD WHITE RIVER JCT VT 05001 CLEANING 432496 COMMUNITY COUNSELING SERVICE CO LLC 155 FEDERAL STREET SUITE 1303 BOSTON MA 02110 CONSULTING 303386 5 4691455 208422 4691455 TUITION 611710 23124260 23124260 PROGRAM SUPPORT 611710 1277707 1277707 SUMMER PROGRAMS 611710 159471 159471 24561438 1794275 1794275 47417 0 47417 47417 47417 7405688 3600 7043871 62403 361817 -58803 303014 303014 301995 294775 7220 7220 CHILD CARE FEES - NON- 624410 106656 106656 CHILD CARE FEES - KUA 624410 71104 71104 ATHLETIC FACILITY RENT 713940 19729 19729 197489 31602308 24561438 126385 2223030 6771551 6771551 715156 357578 357578 8657140 6214876 1548090 894174 854839 608302 165053 81484 1280637 906963 253556 120118 629279 440126 132624 56529 143700 143700 64384 64384 83653 83653 2014050 1194910 461805 357335 78814 53124 25690 1638600 1047968 435746 154886 243347 228172 2000 13175 1311908 1218530 67085 26293 192395 109586 57069 25740 487223 455172 25096 6955 2664947 2489637 137268 38042 117615 117615 FOOD AND DINING 1946525 1738235 93743 114547 ATHLETIC EXPENSES 166286 166286 MEMBERSHIP DUES 53752 12822 39271 1659 BAD DEBTS 46605 46605 30162406 24060443 4211026 1890937 1730904 3260574 9138254 6659072 533601 2559570 9557103 10462123 190205 182384 344505 376157 87623288 39685934 37685037 47937354 65906250 72089712 2353312 2684584 127439171 146211530 1789741 3149298 15625407 17154246 12257637 19300083 322092 281551 1005609 897408 31000486 40782586 X 70081752 73480768 26356933 31948176 96438685 105428944 127439171 146211530 X 1439902 7151604 398753 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62503212 927087 8579381 2922000 69087680 58363682 405444 6007086 2273000 62503212 63965145 1571056 -5739519 1433000 58363682 53009559 89838 12038748 1173000 63965145 51944184 98203 1794770 827598 53009559 0.70163 0.21939 0.07898 1 0 1888311 1888311 66778390 35209418 31568972 3279613 2707773 571840 15676974 1768743 13908231 47937354 INTEREST RATE SWAP 84046 RETIREMENT OBLIGATION 813362 897408 X 32592236 7151604 -6078023 1073581 31518655 83653 83653 31602308 23601977 294775 294775 23307202 83653 6771551 6855204 30162406 PART V, LINE 4: KIMBALL UNION ACADEMY USES THEIR ENDOWMENT FUNDS FOR ACADEMICS, THE EQUESTRIAN PROGRAM, DEPARTMENT MANAGER SALARIES, FINANCIAL AID, BUILDING MAINTENANCE, BOOKS, AND OPERATING SUPPORT. PART X, LINE 2: THE ACADEMY QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACADEMY REPORTS CERTAIN PROGRAM SUPPORTING REVENUE, SUCH AS ITS HOCKEY FACILITY AND DAY CARE CENTER, ON FORM 990-T SUBJECT TO EXCISE TAX. IN ADDITION, THE ACADEMY FILES A BUSINESS ENTERPRISE TAX RETURN IN NEW HAMPSHIRE. THE ACADEMY HAS ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. SUBTOPIC 740-10 ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORELIKELY- THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ACADEMY HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS. IF THE ACADEMY INCURS INTEREST OR PENALTIES AS A RESULT OF UNRECOGNIZED TAX POSITIONS, THE POLICY IS TO CLASSIFY INTEREST ACCRUED WITH INTEREST EXPENSE AND PENALTIES THEREON WITH MANAGEMENT AND GENERAL EXPENSES. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -6,771,551. INTEREST RATE SWAP 236,515. COST OF GOODS SOLD 294,775. CHANGE IN VALUE OF BENEFICIAL INTEREST 123,219. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 39,019. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 294,775. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,771,551. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 KIMBALL UNION ACADEMY'S NONDISCRIMINATORY POLICY IS PUBLISHED ON ITS WEBSITE, ON ITS APPLICATION AND EMPLOYMENT DOCUMENTS, AND IN EMPLOYMENT ADS. THE NONDISCRIMINATORY POLICY IS ALSO INCLUDED IN THEIR ADMISSIONS MATERIALS, INCLUDING THEIR APPLICATION FOR ADMISSION. EVERY STUDENT HAS AN ANNUAL CONTRACT WITH THE SCHOOL THAT CLEARLY STATES THE SCHOOL'S NONDISCRIMINATORY POLICY. 0 0 0 0 0 0 0 0 0 FINANCIAL AID RUSSIA AND NEIGHBORING STATES 1 18700 FINANCIAL AID FINANCIAL AID EAST ASIA AND THE PACIFIC 1 24000 FINANCIAL AID FINANCIAL AID SUB-SAHARAN AFRICA 1 73700 FINANCIAL AID FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) 1 23700 FINANCIAL AID FINANCIAL AID NORTH AMERICA 7 434400 FINANCIAL AID 0 0 0 0 0 0 1 FINANCIAL AID 153 6197051 FINANCIAL AID PART I LINE 2 THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT THE BUSINESS OFFICE OF KIMBALL UNION ACADEMY. THE AMOUNT OF FINANCIAL AID AWARDED IS CREDITED TO EACH RECIPIENT'S ACCOUNT AND THE NET AMOUNT DUE TO THE SCHOOL IS THEN BILLED TO THE STUDENT. X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 TYLER LEWIS HEAD OF SCHOOL 334383 0 90000 0 9555 0 79999 0 85964 0 599901 0 0 0 STACEY SUMMERFIELD DIRECTOR OF INSTITUTIONAL ADVANCEMEN 194834 0 0 0 319 0 21025 0 44394 0 260572 0 0 0 GERARD MURPHY CFO 172621 0 0 0 419 0 9620 0 44994 0 227654 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO A MAJORITY OF THE FACULTY, TO THE EXTENT ON-CAMPUS HOUSING IS AVAILABLE, IN ORDER FOR THE FACULTY TO FULFILL THEIR LOCO PARENTIS RESPONSIBILITIES. A NHHEFA 020279866 664614TA7 2015-08-27 14657301 REFINANCE EXISTING BONDS AND RENOVATIONS 0 0 0 B NHHEFA 020279866 2024-02-15 7500000 FINANCING OF EDUCATIONAL FACILITIES 0 0 0 A 14657301 232108 2000000 375193 2015 0 0 1 1 B 7500000 131006 96063 6199543 1073388 2024 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 1 0 0 1 1 UNITED BANK 10.000000000000 0 0 0 0 0 B 0 1 0 0 1 0 0 0 0 A 1 B 1 RENEE LEWIS TEACHER/ASSISTANT COACH 50400 RENEE LEWIS, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE HEAD OF SCHOOL. 0 FIRST POINT POWER LLC BUSINESS OWNER 190000 BOARD MEMBER IS 52% OWNER 0 X 6 195513 FMV X IN KIND 4 12910 FMV 0 1 1 PART I, LINE 32B: THE ORGANIZATION'S GIFTS OF STOCK ARE TRANSFERRED TO A BROKERAGE HOUSE FOR IMMEDIATE SALE. REAL ESTATE GIFTS NOT CORE TO THE MISSION OF THE ACADEMY ARE PLACED WITH A QUALIFIED, LOCAL REAL ESTATE BROKER AND PLACED FOR SALE. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT AUDITORS DISCUSSED PREPARATION OF THE FORM 990 WITH THE ORGANIZATION'S AUDIT COMMITTEE IN DETAIL. A DRAFT COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD FOR TRUSTEE INSPECTION BEFORE FILING. THE CFO AND THE AUDIT COMMITTEE CHAIR ALSO BRIEF THE TRUSTEES ON KEY ELEMENTS OF THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH TRUSTEE, PRIOR TO TAKING A POSITION ON THE BOARD, TO SUBMIT IN WRITING ANY POSSIBLE CONFLICTS. THE ORGANIZATION REQUIRES EACH TRUSTEE TO UPDATE THE LISTS ANNUALLY. TRUSTEES HAVING A FINANCIAL INTEREST IN THE TRANSACTION AT HAND ARE NOT ALLOWED TO VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE. THE COMMITTEE PERIODICALLY HIRES A THIRD-PARTY EXPERT TO REVIEW, BENCHMARK, AND ASSIST IN THE NEGOTIATION OF THE HEAD'S CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. FORM 990 LINE 8B KUA'S COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE FULL BOARD. KUA'S COMMITTEES MAKE RECOMMENDATIONS AND ONLY THE FULL BOARD VOTES TO ACT. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP ADJUSTMENT 236,515. CHANGE IN VALUE OF BENEFICIAL INTEREST 123,219. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 39,019.