2023-01-17T11:26:20-06:00 2022-06-30 061009205 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2021-07-01 042103636 WALNUT HILL CENTER FOR THE ARTS INC WALN 5086534312 12 HIGHLAND STREET NATICK MA 01760 JANE SEGALE CFO 5086505015 2023-01-11 1 JANE SEGALE 999009999 JOHN TOSCANO P00358542 8605614000 2023-01-11 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z WALNUT HILL SCHOOL FOR THE ARTS ERIC BARBER 12 HIGHLAND STREET NATICK MA 01760 32726529 0 X WWW.WALNUTHILLARTS.ORG X 1893 MA WALNUT HILL CENTER FOR THE ARTS EDUCATES AND TRAINS CREATIVE AND INTELLECTUALLY CURIOUS YOUNG ARTISTS TO MAKE AN ENDURING IMPACT ON THE WORLD. 28 28 219 40 0 0 1510765 1667218 17878175 20131052 3815209 646113 1610943 125198 24815092 22569581 3593154 3893396 0 0 8959118 10003116 0 0 650135 7216396 8208206 19768668 22104718 5046424 464863 71366440 69571380 26148923 26795181 45217517 42776199 WALNUT HILL CENTER FOR THE ARTS TRANSFORMS LIVES, BUILDS COMMUNITY AND EXPANDS CULTURE THROUGH THE ARTS. 0 0 10913621 3893396 19421777 INSTRUCTIONAL EXPENSES RELATED TO EDUCATING STUDENTS IN GRADES 9 THROUGH 12 WHILE AT SCHOOL. THE SCHOOL ENROLLED APPROXIMATELY 290 STUDENTS DURING THE FALL AND SPRING SEMESTERS. WALNUT HILL STUDENTS IMMERSE THEMSELVES DEEPLY IN THEIR ART, GUIDED BY HIGHLY ACCOMPLISHED PROFESSIONAL ARTISTS WHO HAVE DEDICATED THEMSELVES TO SUPPORTING YOUNG PEOPLE ON THEIR ARTISTIC JOURNEYS. THIS TIME SPENT MASTERING AN ARTISTIC DISCIPLINE IS BALANCED BY ENGAGEMENT IN A RIGOROUS COLLEGE-PREPARATORY CURRICULUM THAT CHALLENGES STUDENTS TO ASK BIG QUESTIONS, SOLVE COMPLEX PROBLEMS, AND EXPLORE TRADITIONAL ACADEMIC SUBJECTS THROUGH INNOVATIVE, HANDS-ON LESSONS. 5286169 169678 STUDENT ACTIVITIES, THEATER AND MUSIC PRODUCTIONS, TUTORING, DORM LIFE AND FOOD SERVICE AND STUDENT CLUBS. THE SCHOOL ENROLLED APPROXIMATELY 290 STUDENTS DURING THE FALL AND SPRING SEMESTERS. OF THE 290 STUDENTS, APPROXIMATELY 210 STUDENTS LIVED ON-CAMPUS. 1085861 662544 SUMMER AND OTHER PROGRAM EXPENSES FOR UNENROLLED STUDENTS, SUCH AS THE COMMUNITY ARTS PROGRAM. THE SUMMER PROGRAMS ENROLLED APPROXIMATELY 58 STUDENTS AMONG MANY DIFFERENT PROGRAMS SUCH AS DANCE, VISUAL ARTS, MUSIC, WRITING AND THEATER. 17285651 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 49 0 1 219 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X JANE SEGALE 5086505015 12 HIGHLAND STREET NATICK MA 01760 ANTONIO VIVA HEAD OF SCHOOL 40.00 X 345870 0 23590 JANE SEGALE CFO 40.00 X 166131 0 20834 TOBEY FOSSEY DIRECTOR OF DEVELOPMENT 40.00 X 172967 0 6129 SUSANNE CARPENTER ASSISTANT HEAD OF SCHOOL 40.00 X 163662 0 5793 JEANNE O'ROURKE CHIEF CREATIVE OFFICER 40.00 X 128834 0 18139 ELIZABETH L MINNUCCI DIRECTOR OF HEALTH SERVICES 40.00 X 109335 0 16558 JENNIFER ELOWITCH DIRECTOR OF MUSIC 40.00 X 104384 0 4610 JANET EMERY PATTILLO TRUSTEE/ASSISTANT CLERK 5.00 X X 0 0 0 JENNIFER TOOLIN MCAULIFFE TRUSTEE/CHAIR 5.00 X X 0 0 0 LISA ROTHMAN TRUSTEE/CLERK 5.00 X X 0 0 0 KAREN MCKEEL CALBY TRUSTEE/VICE CHAIR 5.00 X X 0 0 0 LINDA WISNEWSKI TRUSTEE/TREASURER 5.00 X X 0 0 0 ELIZABETH P MCCLENDON TRUSTEE 5.00 X 0 0 0 DEBORAH MANKIW TRUSTEE 5.00 X 0 0 0 KRISTINE VAN AMSTERDAM TRUSTEE 5.00 X 0 0 0 AMY LAWRENCE WHEELER TRUSTEE 5.00 X 0 0 0 PATRICIA L DAVIDSON TRUSTEE 5.00 X 0 0 0 MATTHEW ROBERT GLASS TRUSTEE 5.00 X 0 0 0 HAESUN PAIK TRUSTEE 5.00 X 0 0 0 ERIC IAN HERBST TRUSTEE 5.00 X 0 0 0 KATHARINE O'CONNELL TRUSTEE 5.00 X 0 0 0 DAVID EDELMAN TRUSTEE 5.00 X 0 0 0 JOHN I WILLIAMS JR TRUSTEE 5.00 X 0 0 0 PAULA NICOLE DRAKE TRUSTEE 5.00 X 0 0 0 BETSY KESSLER TRUSTEE 5.00 X 0 0 0 JOHN SEBASTIAN PAOLELLA TRUSTEE 5.00 X 0 0 0 DERRICK HARKINS TRUSTEE 5.00 X 0 0 0 EVANGELINE DELGADO TRUSTEE 5.00 X 0 0 0 BENNY IBARRA DE LLANO TRUSTEE 5.00 X 0 0 0 ANTHONY WILLIAMS TRUSTEE 5.00 X 0 0 0 JORDAN MCCULLOUGH TRUSTEE 5.00 X 0 0 0 JUSTINE HAND TRUSTEE 5.00 X 0 0 0 NICOLE GAKIDIS TRUSTEE 5.00 X 0 0 0 JEFFREY FLOWERS TRUSTEE 5.00 X 0 0 0 BEIYAN LIP TRUSTEE 5.00 X 0 0 0 1191183 0 95653 10 0 1 0 SODEXO INC & AFFILIATES P O BOX 360170 PITTSBURGH PA 15251 FOOD SERVICE 1608989 POIRIER & SPRINGER INC 17E STERLING ROAD BILLERICA MA 01862 CONSTRUCTION 534949 NEW ENGLAND CONSERVATORY OF MUSIC 290 HUNTINGTON AVENUE BOSTON MA 02115 EDUCATION-MUSIC 374026 CITY WIDE OF BOSTON 293 BOSTON POST RD MARLBOROUGH MA 01752 CLEANING 338338 4WALL ENTERTAINMENT INC 3165 W SUNSET ROAD LAS VEGAS NV 89118 CONSTRUCTION 305822 9 1667218 157803 1667218 TUITION AND FEES 611600 19313796 19313796 COMMUNITY ART 611600 572685 572685 SUMMER PROGRAMS 611600 89909 89909 STUDENT ACTIVITIES 611600 81259 81259 OTHER 611600 73403 73403 20131052 429346 429346 177797 142990 34807 34807 32556 2251 10076995 42385 9902613 0 174382 42385 216767 216767 201736 111345 90391 90391 22569581 20253999 0 648364 3893396 3893396 901013 713496 187517 7431170 6136121 1051186 243863 341328 279164 51157 11007 781391 584531 156783 40077 548214 394714 120607 32893 96854 96854 55665 55665 85410 85410 553613 18904 534709 118027 1450 116577 48848 1125 16548 31175 228029 77031 150823 175 1328157 1181366 142299 4492 50207 25669 24538 79442 31162 48280 363390 363390 1729360 1609987 115720 3653 181409 168886 12140 383 FOOD SERVICE 1344732 1344732 INSTRUCTIONAL PROGRAM E 636485 606566 29919 SUPPLIES 453480 390584 62129 767 EVENTS 244003 107629 81303 55071 611095 458303 138268 14524 22104718 17285651 4168932 650135 1250539 1196490 5279830 5874160 145328 98426 6238570 6810194 10384 26411 20428 362346 247466 56322213 26667585 29583409 29654628 21406698 19769175 663910 147500 6399015 5752913 71366440 69571380 1637844 1522546 13921814 15253042 9960459 9472018 601325 529617 27481 17958 26148923 26795181 X 23647357 23557793 21570160 19218406 45217517 42776199 71366440 69571380 X 464863 -2699093 -207088 X X 0 1 X 1 0 X 1812154 1857748 1279453 3114965 1667218 9731538 1812154 1857748 1279453 3114965 1667218 9731538 392420 9339118 520278 502057 560686 374121 607143 2564285 12295823 96021815 0.75950 0.61100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19045363 423572 -1918729 235589 454016 16860601 15654015 74444 3316904 19045363 16793636 87387 -567915 218722 440371 15654015 20012707 260115 708924 200001 3988109 16793636 18653960 2084548 131007 594794 20012707 0.22897 0.77103 0.00000 0 0 101810 101810 2294740 45654301 22560006 25389035 1882874 1008650 874224 6388488 3098929 3289559 29654628 PERPETUAL TRUST 4845784 ASSETS OF SPLIT INTEREST AGREEMENTS 907129 5752913 DUE TO LIFE BENEFICIARIES OF SPLIT INTEREST AGREEMENTS 17958 17958 15940574 -2699093 -3846149 -6545242 22485816 83765 83765 22569581 18381892 254335 254335 18127557 83765 3893396 3977161 22104718 PART V, LINE 4: THE SCHOOL'S INTENDED USE OF ENDOWMENT FUNDS INCLUDES SCHOLARSHIP, FINANCIAL AID, FACULTY DEVELOPMENT, INVESTMENT IN PLANT AND VARIOUS OPERATIONAL NEEDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 111,345. RENTAL EXPENSES 142,990. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -207,088. FINANCIAL AID -3,893,396. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 111,345. RENTAL EXPENSES 142,990. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,893,396. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS POSTED ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. 1 FINANCIAL AID 98 3893396 FMV REDUCTION IN TUITION PART I, LINE 2: FINANCIAL AID AWARDS ARE APPLIED DIRECTLY TO THE STUDENT'S OUTSTANDING TUITION BILL. CASH PAYMENTS ARE NOT MADE DIRECTLY TO RECIPIENTS. SCHOLARSHIPS ARE PROVIDED TO STUDENTS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 ANTONIO VIVA HEAD OF SCHOOL 274475 0 38000 0 33395 0 10277 0 13313 0 369460 0 0 0 JANE SEGALE CFO 163131 0 3000 0 0 0 7521 0 13313 0 186965 0 0 0 TOBEY FOSSEY DIRECTOR OF DEVELOPMENT 169967 0 3000 0 0 0 6129 0 0 0 179096 0 0 0 SUSANNE CARPENTER ASSISTANT HEAD OF SCHOOL 160662 0 3000 0 0 0 5793 0 0 0 169455 0 0 0 PART I, LINE 1A THE SCHOOL REQUIRES THAT THE HEAD OF SCHOOL LIVE ON CAMPUS IN SCHOOL PROVIDED HOUSING. IT IS NOT CONSIDERED A TAXABLE BENEFIT AS THE HOUSE IS AVAILABLE TO CONDUCT SCHOOL BUSINESS IN, EVEN IF THE HEAD IS NOT THERE. IN ADDITION, WHILE THE HEAD IS IN THE HOUSING, HE IS AVAILABLE TO ASSIST THE NEEDS OF THE SCHOOL SHOULD THEY ARISE OUTSIDE OF NORMAL BUSINESS HOURS. DUE TO THE RESIDENTIAL COMPONENT OF THE SCHOOL, IT IS CRITICAL THAT THE HEAD BE AVAILABLE AND PRESENT AS MUCH AS POSSIBLE. THE HOUSING PROVIDED TO THE HEAD OF SCHOOL IS CLEANED WEEKLY AND INCLUDES HIS PERSONAL LIVING SPACE. THE CLEANING SERVICES ARE INCLUDED IN THE HEAD OF SCHOOL'S W-2. PART I, LINE 7 THE BOARD APPROVED $3,000 BONUSES TO ALL FULL TIME EMPLOYEES AND A $38,000 BONUS TO THE HEAD OF SCHOOL. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2014-01-30 13160000 TO PAY OFF THE 2002 & 2006 SERIES BONDS 0 0 0 A 3597392 13160000 89489 1425511 11645000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/01/2019 IVY CREATIVE LLC COMPANY OWNED BY HUSBAND OF CFO 17360 THE HEAD OF SCHOOL AND THE DEVELOPMENT OFFICE ENGAGED THE ORGANIZATION TO PRODUCE VIDEOS FOR THE SCHOOL. 0 X 4 157803 FMV AT DONATION DATE 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR "SECURITIES-PUBLICLY TRADED" REPRESENTS THE NUMBER OF INDIVIDUALS WHO DONATED THE SECURITIES. FORM 990, PART I, ITEM C DBA: WALNUT HILL SCHOOL FOR THE ARTS DBA: WALNUT HILL COMMUNITY ACADEMY FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE GOVERNING BODY HAVE NOT RECEIVED A COPY OF THE FORM 990 PRIOR TO ITS FILING. THE BOARD OF TRUSTEES HAS APPOINTED THE RESPONSIBILITY OF OBTAINING AND REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE HAS RECEIVED A COPY OF THE FORM 990, IN ITS ENTIRETY (WITH THE EXCEPTION OF SCHEDULE B - SCHEDULE OF CONTRIBUTORS), AND REVIEWED IT FOR COMPLETENESS AND ACCURACY, PRIOR TO IT BEING FILED. THE FORM 990 IS MADE AVAILABLE TO THE BOARD ONCE IT IS APPROVED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE STATEMENT THAT INDICATES THAT THEY HAVE READ, UNDERSTOOD AND AGREE TO THE SCHOOL'S CONFLICT OF INTEREST POLICY. FURTHER, THE TRUSTEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS (AS DEFINED IN THE POLICY) AND/OR NOTIFY THE HEAD OF SCHOOL IF ANY ADDITIONAL ISSUES ARISE THROUGHOUT THE YEAR. THE POLICY IS ENFORCED AND MONITORED BY THE HEAD OF SCHOOL AND/OR THE BOARD OF TRUSTEES. TRUSTEES WHO FAIL TO COMPLETE THE ANNUAL DISCLOSURE FORM ARE ASKED TO VERBALLY CONFIRM THE INFORMATION IN THE ANNUAL DISCLOSURE STATEMENT AND ALSO DISCUSS ANY POTENTIAL CONFLICTS AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES WILL DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL AND OTHER OFFICERS USING THE FOLLOWING CRITERIA: 1. THE TRANSACTION IS APPROVED BY AN AUTHORIZED BODY OF THE ORGANIZATION, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST CONCERNING THE TRANSACTION. 2. PRIOR TO MAKING ITS DETERMINATION, THE AUTHORIZED BODY OBTAINED AND RELIED UPON APPROPRIATE DATA AS TO COMPARABILITY. 3. THE AUTHORIZED BODY ADEQUATELY DOCUMENTS THE BASIS FOR DETERMINATION CONCURRENTLY WITH MAKING THAT DETERMINATION. THE DOCUMENTATION WILL INCLUDE: -THE TERMS OF THE APPROVED TRANSACTION AND THE DATE APPROVED; -THE MEMBERS OF THE AUTHORIZED BODY WHO WERE PRESENT DURING DEBATE ON THE TRANSACTION THAT WAS APPROVED AND THOSE WHO VOTED ON IT; -THE COMPARABILITY DATA OBTAINED AND RELIED UPON BY THE AUTHORIZED BODY AND HOW THE DATA WAS OBTAINED; -ANY ACTIONS BY A MEMBER OF THE AUTHORIZED BODY HAVING A CONFLICT OF INTEREST; AND -DOCUMENTATION OF THE BASIS FOR THE DETERMINATION BEFORE THE LATER OF THE NEXT MEETING OF THE AUTHORIZED BODY OR 60 DAYS AFTER THE FINAL ACTIONS OF THE AUTHORIZED BODY ARE TAKEN AND APPROVAL OF RECORDS AS REASONABLE, ACCURATE AND COMPLETE WITHIN A REASONABLE TIME THEREAFTER. THIS PROCESS WAS LAST UTILIZED IN THE FALL OF 2021 TO DETERMINE THE COMPENSATION FOR THE NEW HEAD OF SCHOOL WHO BEGAN HIS TENURE JULY 1, 2022. IT RESULTED IN A THREE- YEAR CONTRACT THROUGH JULY 2025. EACH YEAR, THE COMPENSATION COMMITTEE, A SUB-COMMITTEE OF THE GOVERNANCE COMMITTEE, REVIEWS THE HEAD OF SCHOOL'S COMPENSATION PER THE CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -207,088. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THE PROCESS FROM THE PRIOR YEAR.