2023-05-14T22:03:32-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2021-07-01 060653119 THE LOOMIS INSTITUTE D/B/A THE LOOMIS CHAFFEE SCHOOL LOOM 8606876000 BATCHELDER ROAD WINDSOR CT 06095 RICHARD ESPOSITO CFO 8606876000 2023-05-11 1 RICHARD ESPOSITO 999009999 LAURA J KENNEY P00202198 6177170831 2023-05-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z RICHARD ESPOSITO BATCHELDER ROAD WINDSOR CT 06095 115071311 0 X WWW.LOOMIS.ORG X 1874 CT EDUCATION OF HIGH SCHOOL (GRADES 9-12) BOYS AND GIRLS IN A BOARDING AND DAY SCHOOL FORMAT FOR THE PURPOSE OF COLLEGE PREPARATION AND PLACEMENT. 25 23 443 544 355903 0 15917163 10982112 40463907 45024708 9556381 14160303 90936 135128 66028387 70302251 8561707 10050948 0 0 23881407 26305114 0 0 4177809 25292972 29267688 57736086 65623750 8292301 4678501 445458169 428670853 90870091 88935234 354588078 339735619 EDUCATION OF HIGH SCHOOL (GRADES 9-12) BOYS AND GIRLS IN A BOARDING AND DAY SCHOOL FORMAT FOR THE PURPOSE OF COLLEGE PREPARATION AND PLACEMENT. 0 0 50440417 10050948 45024708 EDUCATION OF HIGH SCHOOL (GRADES 9-12) BOYS AND GIRLS IN A BOARDING AND DAY SCHOOL FORMAT FOR THE PURPOSE OF COLLEGE PREPARATION AND PLACEMENT. 50440417 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 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 1 1 1 0 0 1 96 0 1 443 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 25 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X RICHARD ESPOSITO 8606876226 4 BATCHELDER RD WINDSOR CT 06095 SHEILA A CULBERT HEAD OF SCHOOL 40.00 X X 1731629 0 268954 COURTNEY A ACKEIFI TRUSTEE 1.00 X 0 0 0 BRUCE D ALEXANDER TRUSTEE 1.00 X 0 0 0 KATHERINE H BALLARD TRUSTEE 1.00 X 0 0 0 NEVILLE S BOWERS TRUSTEE 1.00 X 0 0 0 JOHN M BUSSEL TRUSTEE 1.00 X 0 0 0 CYNTHIA CITRONE TRUSTEE 1.00 X 0 0 0 ERIK A CLIETTE TRUSTEE 1.00 X 0 0 0 KEITH O COWAN TRUSTEE 1.00 X 0 0 0 AMY L EDWARDS-SWEET TRUSTEE 1.00 X 0 0 0 GARDNER F GILLESPIE TRUSTEE 1.00 X 0 0 0 JOHN T KELLER TRUSTEE 1.00 X 0 0 0 JONATHAN M KELLY TRUSTEE 1.00 X 0 0 0 RACHEL D KORT TRUSTEE 1.00 X 0 0 0 DOUGLAS W LYONS TRUSTEE 1.00 X 0 0 0 DUNCAN AL MACLEAN TRUSTEE 1.00 X 0 0 0 REGINALD R PAIGE SR TRUSTEE 1.00 X 0 0 0 ELIZABETH S RICHMOND TRUSTEE 1.00 X 0 0 0 DAVID A ROGAN TRUSTEE 1.00 X 0 0 0 MARY BUCKSBAUM SCANLAN TRUSTEE 1.00 X 0 0 0 HARVEY J STRUTHERS JR TRUSTEE 1.00 X 0 0 0 JAMES R WALKER TRUSTEE 1.00 X 0 0 0 JAMES L WIDDOES TRUSTEE 1.00 X 0 0 0 FRIDOLF A HANSON TRUSTEE 1.00 X 0 0 0 KENDRA N WALLACE TRUSTEE 1.00 X 0 0 0 RICHARD ESPOSITO CHIEF FINANCIAL OFFICER 40.00 X 301285 0 95126 NATHAN FOLLANSBEE DIRECTOR OF EXTERNAL AFFAI 40.00 X 267441 0 69065 TIMOTHY STRUTHERS DIRECTOR OF DEVELOPMENT 40.00 X 183426 0 88615 WEBSTER TRENCHARD ASSOCIATE HEADMASTER 40.00 X 163973 0 130653 AMY THOMPSON DEAN OF ENROLLMENT 40.00 X 144360 0 82069 LYNN PETRILLO DIRECTOR OF COMMUNICATION 40.00 X 149423 0 35145 JULIA KNIGHT BUSINESS MANAGER 40.00 X 154686 0 17246 3096223 0 786873 19 0 1 0 NEWFIELD CONSTRUCTION INC 225 NEWFIELD AVE HARTFORD CT 06106 CONSTRUCTION SERVICES 13040136 FLIK COMPASS GROUP PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 1753363 CAMBRIDGE ASSOCIATES PO BOX 83232 CHICAGO IL 60691 INVESTMENT CONSULTANT 725856 BOWIE GRIDLEY ARCHITECTS 1010 WISCONSIN AVENUE SUITE 400 WASHINGTON DC 20007 CONSTRUCTION SERVICES 589177 ALL STATE CONSTRUCTION INC PO BOX 805 449 COOKE STREET FARMINGTON CT 06034 CONSTRUCTION SERVICES 154877 7 609151 10372961 449583 10982112 TUITION AND FEES 611110 44247118 44247118 SUMMER PROGRAMS 611110 423374 423374 STUDENT ACTIVITIES 611110 348616 348616 FACILITY RENTAL 611110 5600 5600 45024708 2411250 -96048 2507298 56039951 44290898 11749053 11749053 22977 11726076 613290 478162 135128 135128 70302251 44595734 355903 14368502 10050948 10050948 2726842 1671784 561022 494036 282490 282490 17308987 16427212 269824 611951 1699408 1592135 21134 86139 2868829 2707619 27239 133971 1418558 1309297 35613 73648 70381 70381 54600 54600 5519997 5519997 112040 24113 87927 583226 583226 5939105 5394321 326870 217914 1804490 1804490 6538026 3922816 1307605 1307605 727384 727384 FOOD SERVICES 3558221 3427735 130486 GENERAL 2022746 1612149 255252 155345 INSTRUCTIONAL 1741175 1741175 DEVELOPMENT 596297 596297 65623750 50440417 11005524 4177809 8438894 7581460 7053305 4744618 10869187 11028955 380828 309262 289481 116650 262800477 101220525 150529785 161579952 71398760 71363408 194866069 165358599 1631860 6587949 445458169 428670853 4792594 5650029 21605560 21066122 63974938 61742512 496999 476571 90870091 88935234 X 197089814 188501002 157498264 151234617 354588078 339735619 445458169 428670853 4678501 -19530960 0 X 0 1 X 1 0 X 18003283 11372122 9590996 15917163 10982112 65865676 18003283 11372122 9590996 15917163 10982112 65865676 14882868 50982808 2051749 2526413 1997495 1747902 2507298 10830857 172984 73832 113475 90936 135128 586355 77282888 208916469 0.65970 0.63310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 260910589 4469360 14916041 3906776 16072106 230485027 208933756 3338739 57060614 3831532 4590988 260910589 214161278 4265036 1459012 3717704 7233866 208933756 214073469 6639016 8360863 3453199 11458871 214161278 204415531 7682299 11809599 3284960 6549000 214073469 0.37840 0.46910 0.15250 0 0 620594 620594 217686258 76799963 140886295 16798558 14927367 1871191 27695067 9493195 18201872 161579952 INFLATION HEDGING 3856991 F GLOBAL EQUITY 55361260 F FLEXIBLE CAPITAL 23219057 F ABSOLUTE RETURN 30399362 F PRIVATE EQUITY 51427990 F REAL ESTATE 349000 F SPLIT-INTEREST AGREEMENTS 744939 F 165358599 ANNUITY PAYABLE 353573 AGENCY FUNDS 44078 ASSET RETIREMENT OBLIGATION 78920 476571 35678508 -19530960 478162 -19052798 54731306 5519997 10050948 15570945 70302251 50530967 478162 478162 50052805 5519997 10050948 15570945 65623750 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE RELIABLE AND GROWING SUPPORT FOR THE ONGOING OPERATIONS OF THE SCHOOL. THE PURPOSE OF THE INVESTMENT COMMITTEE IS TO INVEST THE ENDOWMENT TO PRODUCE TWO RESULTS: 1. PROVIDE A RELIABLE AND GROWING STREAM OF SPENDABLE FUNDS. 2. PROTECT AGAINST PERMANENT CAPITAL LOSS, WHILE PRESERVING AND GROWING THE REAL VALUE OF THE CORPUS OVER TIME. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF GOODS SOLD 478,162. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 10,050,948. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF GOODS SOLD 478,162. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 10,050,948. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS DESCRIBED IN SCHOOL REGISTRATION MATERIALS AND PROMINENTLY DISPLAYED IN VARIOUS LOOMIS WEBPAGES INCLUDING THE HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE LOOMIS INSTITUTE RECEIVED ASSISTANCE OF $609,151 FROM THE STATE OF CONNECTICUT DURING THE FISCAL YEAR ENDED JUNE 30, 2022, THROUGH THE EMERGENCY ASSISTANCE FOR NON-PUBLIC SCHOOLS (EANS) PROGRAM. THE EANS PROGRAM IS FUNDED THROUGH THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT TO ASSIST SCHOOLS WITH RECOVERING FROM THE HARDSHIPS OF THE COVID-19 PANDEMIC. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 97009682 EUROPEAN INVESTMENTS 359622 0 0 0 0 0 0 97369304 0 97369304 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 FINANCIAL AID 206 10050948 REDUCTION IN TUITION PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED AS DETERMINED BY THE LOOMIS CHAFFEE SCHOOL. THE SCHOOL UTILIZES THE STANDARDIZED FINANCIAL AID NEED-ANALYSIS FROM THE SCHOOL AND STUDENT SERVICES GUIDELINES, WHICH INCLUDES CONFIDENTIAL INFORMATION PROVIDED BY FAMILIES. THE SCHOLARSHIPS ARE AWARDED IN A NONDISCRIMINATORY MANNER. ALL SCHOLARSHIPS ARE MADE DIRECTLY AS CREDITS AGAINST STUDENT ACCOUNTS AND NO CASH REFUNDS ARE ISSUED FOR ANY PURPOSE. X X 1 1 X X X 0 1 0 0 0 0 0 1 0 SHEILA A CULBERT HEAD OF SCHOOL 507238 0 0 0 1224391 0 237950 0 31004 0 2000583 0 1224391 0 RICHARD ESPOSITO CHIEF FINANCIAL OFFICER 286285 0 15000 0 0 0 59000 0 36126 0 396411 0 0 0 NATHAN FOLLANSBEE DIRECTOR OF EXTERNAL AFFAI 247441 0 20000 0 0 0 54000 0 15065 0 336506 0 0 0 WEBSTER TRENCHARD ASSOCIATE HEADMASTER 148973 0 15000 0 0 0 46942 0 83711 0 294626 0 0 0 TIMOTHY STRUTHERS DIRECTOR OF DEVELOPMENT 183426 0 0 0 0 0 21016 0 67599 0 272041 0 0 0 AMY THOMPSON DEAN OF ENROLLMENT 144360 0 0 0 0 0 15458 0 66611 0 226429 0 0 0 LYNN PETRILLO DIRECTOR OF COMMUNICATION 149423 0 0 0 0 0 17165 0 17980 0 184568 0 0 0 JULIA KNIGHT BUSINESS MANAGER 154686 0 0 0 0 0 16710 0 536 0 171932 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. CERTAIN OFFICERS AND OTHER HIGHLY COMPENSATED EMPLOYEES ARE ALSO PROVIDED HOUSING AS A CONDITION OF THEIR EMPLOYMENT. THE VALUE OF THE HOUSING IS REPORTED AS NONTAXABLE IN SCHEDULE J, PART II, COLUMN D. THE HOUSE WHERE THE HEAD OF SCHOOL RESIDES IS USED FOR MULTIPLE SCHOOL EVENTS. CLEANING SERVICES ARE PROVIDED FOR SCHOOL EVENTS. THIS IS NOT TREATED AS A TAXABLE BENEFIT. PART I, LINE 4B THE SCHOOL PROVIDES THE HEAD OF SCHOOL WITH A NONQUALIFIED DEFERRED COMPENSATION PLAN. THE PLAN HAS A SUBSTANTIAL RISK OF FORFEITURE. THE HEAD OF SCHOOL RECEIVED $1,224,391, WHICH IS THE ACCUMULATION OF 9 YEARS OF CONTRIBUTIONS AND INVESTMENT GAINS FROM HER SECTION 457(F) PLAN FOR AMOUNTS THAT VESTED AND ARE TAXABLE, AS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). THIS IS ALSO REPORTED IN SCHEDULE J, PART II, COLUMN (F) BECAUSE THE SCHOOL REPORTED DEFERRED COMPENSATION AMOUNTS IN PRIOR YEARS. SHEILA CULBERT, RICHARD ESPOSITO, NATHAN FOLLANSBEE AND WEBSTER TRENCHARD PARTICIPATE IN A 457(F) PLAN. IN CALENDAR YEAR 2021, THESE PARTICIPANTS RECEIVED 457(F) PLAN CONTRIBUTIONS AS FOLLOWS: SHEILA CULBERT $189,000 RICHARD ESPOSITO $30,000 NATHAN FOLLANSBEE $25,000 WEBSTER TRENCHARD $28,000 VESTING OF THE 2021 CONTRIBUTION PROVIDED TO WEBSTER TRENCHARD OCCURRED ON JUNE 30, 2022. THE 457(F) PLAN INCLUDES A VESTING SCHEDULE AND A SUBSTANTIAL RISK OF FORFEITURE. PART I, LINE 7 PERFORMANCE MERIT BONUSES WERE PAID TO RICHARD ESPOSITO, NATHAN FOLLANSBEE AND WEBSTER TRENCHARD IN 2021. A CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 20774L7J8 2005-10-15 37325541 SERIES F - REFINANCING PART OF SERIES C AND ALL OF SERIES D 0 0 0 B CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2020-09-18 39872475 SERIES K-1 - REFINANCING OF SERIES H, I AND J AND PART OF NEW CONSTRUCTION 0 0 0 A 18335541 37325541 521818 462497 36341226 2005 0 1 1 1 B 250000 39872475 546263 8966859 30359353 2020 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00630 0.00630 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/27/2020 TIMOTHY STRUTHERS TRUSTEE'S SON 282490 EMPLOYMENT 0 X 58 449583 FAIR VALUE 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B TRUSTEES AND MANAGEMENT REVIEW THE PREPARED FORM 990, EXCLUDING THE SCHEDULE B LIST OF CONTRIBUTORS, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL SENIOR ADMINISTRATORS AND TRUSTEES ARE REQUIRED TO DISCLOSE AND SIGN CONFLICT OF INTEREST AGREEMENTS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES AND EXECUTIVE COMMITTEE MEMBERS MEET ANNUALLY TO REVIEW THE HEAD OF SCHOOL'S COMPENSATION THROUGH THE USE OF COMPARABLE DATA AND OTHER SOURCES. THE COMPENSATION DELIBERATIONS AND DECISIONS ARE DOCUMENTED. IN 2021, THE HEAD OF SCHOOL RECEIVED $1,224,391, WHICH IS THE ACCUMULATION OF 9 YEARS OF CONTRIBUTIONS AND INVESTMENT GAINS FROM HER SECTION 457(F) PLAN FOR AMOUNTS THAT VESTED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO BE VIEWED IN THE CFO'S OFFICE. THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. ADC CORPORATION 4 BATCHELDER ROAD WINDSOR CT 06095 060986152 REAL ESTATE RENTAL CT THE LOOMIS INSTITUTE C 19273 569486 1.00000 1 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 ADC CORPORATION A 18282 APPLICABLE FEDERAL RATE ADC CORPORATION D 476086 CASH