2023-05-15T07:18:57-05:00 2022-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 290 W MT PLEASANT AVENUE 3310 LIVINGSTON NJ 07039 990 2021-07-01 042105838 WILBRAHAM AND MONSON ACADEMY WILB 4135966811 423 MAIN STREET WILBRAHAM MA 01095 BRIAN P EASLER HEAD OF SCHOOL 4135966811 2023-05-10 1 BRIAN EASLER 999009999 PAULA VUKSIC P00360739 9732180500 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z BRIAN P EASLER 423 MAIN STREET WILBRAHAM MA 01095 22207971 0 X WWW.WMA.US X 1971 MA WILBRAHAM & MONSON ACADEMY IS A TRANSFORMATIONAL EXPERIENCE WHERE STUDENTS BECOME CHALLENGE-SEEKING CITIZENS AND LEADERS OF AN EVOLVING WORLD. 18 18 162 0 8 0 4141776 3496037 17096837 18370572 206183 29209 385828 184851 21830624 22080669 3392500 3713250 0 0 11058653 11238784 0 0 1125997 7324626 7908732 21775779 22860766 54845 -780097 44588037 43404683 18465279 19234034 26122758 24170649 WILBRAHAM & MONSON ACADEMY IS A TRANSFORMATIONAL EXPERIENCE WHERE STUDENTS BECOME CHALLENGE-SEEKING CITIZENS AND LEADERS OF AN EVOLVING WORLD. 0 0 16928854 3713250 18572994 PRIVATE CO-EDUCATIONAL SECONDARY SCHOOL WITH ENROLLMENT OF APPROXIMATELY 375 BOARDING AND DAY STUDENTS. PROGRAM SERVICE EXPENSES INCLUDE INSTRUCTIONAL, SCHOLARSHIP, AND STUDENT SERVICES. WITHIN A CARING AND SUPPORTIVE ENVIRONMENT, THE ACADEMY MAKES AVAILABLE AN ABUNDANT OFFERING OF CURRICULAR AND EXTRACURRICULAR EXPERIENCES. ALL MEMBERS OF THE SCHOOL COMMUNITY ARE ENCOURAGED TO DEVELOP THEIR TALENTS BY MEANS OF THE ACADEMY'S MENTORING PHILOSOPHY CENTRALLY IMPORTANT TO THE SCHOOL'S MISSION. 16928854 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 14 0 1 162 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X KIM DAVIS 4135966811 423 MAIN ST WILBRAHAM MA 01095 SCOTT B JACOBS CHAIR 1.00 X X 0 0 0 JAMES E LACROSSE VICE CHAIR 1.00 X X 0 0 0 MARK R SHENKMAN VICE CHAIR 1.00 X X 0 0 0 DAVID A REEVES TREASURER 1.00 X X 0 0 0 KRISTA HANSON SECRETARY 1.00 X X 0 0 0 RAYMOND ANTON TRUSTEE 1.00 X 0 0 0 CHRISTOPHER ANTONACCI TRUSTEE 1.00 X 0 0 0 JOHN BAKER TRUSTEE 1.00 X 0 0 0 BONNIE FAULKNER RYAN TRUSTEE 1.00 X 0 0 0 CAITLIN S FLYNN TRUSTEE 1.00 X 0 0 0 LINDA B GRIFFIN TRUSTEE 1.00 X 0 0 0 WILLIAM R GUERIN TRUSTEE 1.00 X 0 0 0 ROBERT F LITTLE TRUSTEE 1.00 X 0 0 0 BARRY M MALONEY TRUSTEE 1.00 X 0 0 0 ANDREW P MELE TRUSTEE 1.00 X 0 0 0 STEPHANIE ROBBINS TRUSTEE 1.00 X 0 0 0 CRAIG A RUBIN TRUSTEE 1.00 X 0 0 0 PAUL J SULLIVAN TRUSTEE 1.00 X 0 0 0 BRIAN P EASLER HEAD OF SCHOOL 40.00 X 457397 0 66038 KIM DAVIS CHIEF FINANCIAL OFFICER 40.00 X 220856 0 25755 MARK AIMONE DIRECTOR OF ADVANCEMENT 40.00 X 220085 0 54506 KATE GAW DIRECTOR OF ADMISSION & FI 40.00 X 155806 0 16531 DONALD NICHOLSON DIRECTOR OF ATHLETICS 40.00 X 116364 0 38362 JOHN BOOZANG DIRECTOR OF COLLEGE COUNSE 40.00 X 111788 0 26321 WALTER SWANSON DIRECTOR 40.00 X 101701 0 30653 KEVIN KANE DIRECTOR 40.00 X 101004 0 35903 1485001 0 294069 8 0 1 0 COMPASS GROUP FLIK PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 1316724 ABLE SERVICES AN ABM COMPANY DEPT 38841 PO BOX 3900 SAN FRANCISCO CA 941390001 CLEANING SERVICES 367145 CIC HEALTH ONE BROADWAY 14TH FLOOR CAMBRIDGE MA 02142 COVID TESTING 226212 EMPIRE HISTORICAL RESTORATION INC 3 PODUNK ROAD STURBRIDGE MA 01566 CONTRACTORS - VARIOUS PROJECTS 118700 RENE L COTE SONS INC 896 MAIN STREET HOLYOKE MA 01040 CONTRACTORS - VARIOUS PROJECTS 104831 10 3496037 1073971 3496037 TUITION AND FEES 611710 18370572 18370572 18370572 12798 8 12790 15170 15402 -232 -232 -232 17571 1160 16411 16411 16411 156719 110740 45979 45979 MISCELLANEOUS INCOME 900099 139104 139104 139104 22080669 18555423 8 29201 X 3713250 3713250 1040766 734365 226993 79408 7176555 5063781 1565220 547554 665076 469278 145054 50744 1771390 1249894 386343 135153 584997 412774 127589 44634 15032 15032 39000 39000 2427542 2344574 77633 5335 583097 188073 269730 125294 220143 45280 140116 34747 158509 107431 51078 707665 661339 39013 7313 181429 115210 57872 8347 6845 6845 266852 266852 1488969 1069186 401340 18443 261017 261017 ACADEMIC/STUDENT EXP 864158 518836 331957 13365 REPAIRS AND MAINTENANCE 409407 327525 77300 4582 BAD DEBT 266671 266671 FURNITURE & FIXTURE 12396 8644 3752 22860766 16928854 4805915 1125997 966098 3088713 2872031 2155934 7037 23025 4988587 4789147 97954 84178 335165 360207 41930543 20790153 21667615 21140390 13085994 11272154 435519 365951 132037 124984 44588037 43404683 1522408 1321020 9336824 12023691 3600000 3440000 2571174 1983335 1434873 465988 18465279 19234034 X 17191896 16202711 8930862 7967938 26122758 24170649 44588037 43404683 X -780097 -1497403 325391 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13008993 176482 -1497404 502926 11185145 10195433 522275 2766100 474815 13008993 10764368 65981 174382 460534 10195433 10644024 168351 374413 422420 10764368 8965537 1440427 648248 410188 10644024 0.33000 0.62000 0.05000 0 0 5017437 5017437 32973095 18206828 14766267 2209970 2191510 18460 1730041 391815 1338226 21140390 SWAP LIABILITY 395987 DUE TO ENDOWMENT 60001 DUE TO CAPITAL PROJECTS FUND 10000 465988 X 17321549 -1497403 -3387859 -4885262 22206811 -126142 -126142 22080669 19273658 126142 126142 19147516 3713250 3713250 22860766 PART V, LINE 4: INVESTMENT RETURN FROM THE ACADEMY'S ENDOWMENT IS APPROPRIATED ANNUALLY, IN ACCORDANCE WITH THE BOARD APPROVED SPENDING POLICY, TO UNDERWRITE A PORTION OF THE ACADEMY'S ANNUAL OPERATING BUDGET, INCLUDING FINANCIAL AID AWARDS, FACULTY COMPENSATION AND PROFESSIONAL DEVELOPMENT AND OTHER QUALIFYING OPERATING EXPENSES. PART X, LINE 2: THE ACADEMY IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE ACADEMY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME, IF ANY. THE ACADEMY ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC INCOME TAXES. THE TOPIC PRESCRIBES A RECOGNITION THRESHHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TOPIC ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE ACADEMY FILES INFORMATIONAL TAX RETURNS IN THE U.S. FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. MANAGEMENT BELIEVES THAT THE ACADEMY HAS NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -3,713,250. CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -74,343. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 399,734. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD (CAMPUS STORE) -110,740. RENTAL EXPENSE -15,402. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD (CAMPUS STORE) 110,740. RENTAL EXPENSE 15,402. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,713,250. 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 ACADEMY PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE HOMEPAGE AT ALL TIMES DURING THE YEAR. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDENT RECRUITING 33520 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 PROGRAM SERVICES STUDENT RECRUITING 10880 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDENT RECRUITING 24055 0 0 0 0 0 0 68455 0 68455 4 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 FINANCIAL AID TO STUDENTS 179 3713250 FAIR VALUE FINANCIAL AID AWARDED AS A REDUCTION OF TUTION CHARGE PART I, LINE 2: FAMILIES INTERESTED IN RECEIVING FINANCIAL AID NOTIFY THE ADMISSION OFFICE AND SUBMIT AN APPLICATION THROUGH SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID ("SSS"). SSS WILL ESTIMATE THE FAMILY CONTRIBUTION AMOUNT USING FINANCIAL INFORMATION SUBMITTED BY THE FAMILY DURING THE APPLICATION PROCESS. THE ACADEMY USES THIS ESTIMATE AS A GUIDE, ALONG WITH FINANCIAL INFORMATION PROVIDED BY THE FAMILY, TO DETERMINE THE AMOUNT OF THE AWARD TO THE STUDENT. X 0 0 X X X X 0 0 0 0 0 0 0 0 0 BRIAN P EASLER HEAD OF SCHOOL 457121 0 0 0 276 0 40500 0 25538 0 523435 0 0 0 MARK AIMONE DIRECTOR OF ADVANCEMENT 219569 0 0 0 516 0 11536 0 42970 0 274591 0 0 0 KIM DAVIS CHIEF FINANCIAL OFFICER 220580 0 0 0 276 0 11478 0 14277 0 246611 0 0 0 KATE GAW DIRECTOR OF ADMISSION & FI 155290 0 0 0 516 0 8024 0 8507 0 172337 0 0 0 DONALD NICHOLSON DIRECTOR OF ATHLETICS 115801 0 0 0 563 0 6315 0 32047 0 154726 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL, AS A CONDITION OF EMPLOYMENT IN ORDER TO PROPERLY DISCHARGE HIS RESPONSIBILITIES, AND FOR THE CONVENIENCE OF THE ACADEMY, IS REQUIRED TO MAINTAIN HIS RESIDENCE IN A HOME OWNED BY THE ACADEMY AND SITUATED ON THE ACADEMY'S CAMPUS. THE ESTIMATED PERSONAL USE VALUE IS INCLUDED ON PART II, COLUMN D AS A NONTAXABLE BENEFIT. MARK AIMONE, DON NICHOLSON AND JOHN BOOZANG ARE ALSO PROVIDED HOUSING. IN ADDITION, THE HEAD OF SCHOOL AND MARK AIMONE ARE PROVIDED WITH A VEHICLE FOR BUSINESS USE. THE TAXABLE LEASE VALUE IS INCLUDED IN THEIR 2020 FORM W-2 AS OTHER REPORTABLE COMPENSATION. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2010-03-04 4940000 TO REFINANCE 2006 BONDS USED TO CONSTRUCT AN ADDITION TO THE FIELD HOUSE 0 0 0 A 1500000 4940000 70200 4869800 1 0 1 1 A 0 0 0 0 1 1 MORGAN STANLEY 30.000000000000 0 0 0 0 1 A 1 X 964 FMV X 1058260 FMV X VARIOUS OTHER SUPPLIES 0 10549 FMV 0 0 1 PART I, LINE 32B: THE SCHOOL MAINTAINS AN ACCOUNT WITH A FINANCIAL INSTITUTION THROUGH WHICH IT LIQUIDATES DONATED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS REVIEWED BY THE CURRENT CHAIR OF THE BOARD, CURRENT CHAIR OF THE FINANCE COMMITTEE AND CHIEF FINANCIAL OFFICER PRIOR TO SUBMISSION. THE TAX RETURN IS THEN MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES. IN ORDER TO PROTECT THE PRIVACY OF THE ACADEMY'S DONOR POPULATION, MANAGEMENT DISTRIBUTES FORM 990 EXCLUDING SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C THE CHAIR OF THE BOARD IS KEPT INFORMED OF ANY CONFLICTS OF INTEREST BY BOARD MEMBERS. BOARD MEMBERS ARE EXCUSED FROM ANY DISCUSSIONS AT MEETINGS WHERE THEY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE DETERMINES THE SALARIES OF THE HEAD OF SCHOOL AND OFFICERS BASED UPON COMPARATIVE SALARIES FOR SIMILAR POSITIONS AND DUTIES FROM DATA COLLECTED FROM PEER INSTITUTIONS. REASONABLE AND COMPETITIVE SALARIES ARE BASED ON THE DATA COLLECTED. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 2,344,574. MANAGEMENT AND GENERAL EXPENSES 77,633. FUNDRAISING EXPENSES 5,335. TOTAL EXPENSES 2,427,542. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -74,343. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 399,734. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.