2022-05-16T08:46:50-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 29 SOUTH MAIN STREET WEST HARTFORD CT 06107 990 2020-07-01 060646960 TRUSTEES OF WESTMINSTER SCHOOL INC TRUS 8604083000 995 HOPMEADOW STREET SIMSBURY CT 06070 JULIE COLLINS CHIEF FINANCIAL OFFICER 8604083000 2022-05-11 1 JULIE COLLINS XXX-XX-XXXX JOHN TOSCANO P00358542 8605614000 2022-05-11 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z WILLIAM VN PHILIP 995 HOPMEADOW STREET SIMSBURY CT 06070 46927052 0 X WWW.WESTMINSTER-SCHOOL.ORG X 1935 CT PROVIDE EDUCATIONAL PROGRAMS AND RELATED ACTIVITIES TO STUDENTS IN GRADES 9 THROUGH 12. 31 30 212 389 42190 14424 8702380 20607220 23766920 25070603 2500881 721019 501878 110090 35472059 46508932 5768470 6240105 0 0 14861918 14825419 13215 6000 2994565 15894724 16003932 36538327 37075456 -1066268 9433476 227893500 266021202 69385126 72502164 158508374 193519038 PROVIDE EDUCATIONAL PROGRAMS AND RELATED ACTIVITES TO STUDENTS IN GRADES 9 THROUGH 12. 0 0 31089202 6240105 25060093 PROVISION OF EDUCATIONAL PROGRAMS AND RELATED ACTIVITIES TO STUDENTS IN GRADES 9 THROUGH 12 (APPROXIMATELY 413 STUDENTS) 31089202 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 74 0 1 212 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 X JULIE COLLINS 8604083000 995 HOPMEADOW STREET SIMSBURY CT 06070 STEPHEN W BAILEY TRUSTEE 1.00 X 0 0 0 ELIZABETH GAILUN BAIRD TRUSTEE 1.00 X 0 0 0 BETH C BAKER OUTGOING TRUSTEE 1.00 X 0 0 0 WILLIAM L BECKFORD TRUSTEE 1.00 X 0 0 0 ELLEN GERRY BREED OUTGOING TRUSTEE 1.00 X 0 0 0 WILLIAM D BREWER TRUSTEE 1.00 X 0 0 0 CURTIS F BROCKELMAN JR TRUSTEE 2.00 X 0 0 0 ZOOEY BROWN OUTGOING TRUSTEE 1.00 X 0 0 0 CHRISTOPHER J CAMPBELL TRUSTEE 1.00 X 0 0 0 RENEE L CARREL TRUSTEE 2.00 X 0 0 0 JOHN A COSENTINO JR OUTGOING TRUSTEE 1.00 X 0 0 0 EDWARD V DARDANI JR TRUSTEE 2.00 X 0 0 0 LORI P DURHAM TREASURER 1.00 X X 0 0 0 MADELEINE EKHOLM TRUSTEE 1.00 X 0 0 0 JACQUELINE FERRO TRUSTEE 1.00 X 0 0 0 COLIN S FLINN TRUSTEE 1.00 X 0 0 0 HEATHER FRAHM OUTGOING TRUSTEE 1.00 X 0 0 0 EUNICE J HAN-VAN VREDENBURCH TRUSTEE 1.00 X 0 0 0 POWELL W HOLLY III TRUSTEE 1.00 X 0 0 0 ROBERT T HORSFORD TRUSTEE 2.00 X 0 0 0 DAVID H HOVEY JR TRUSTEE 2.00 X 0 0 0 MARTIN R IRANI TRUSTEE 2.00 X 0 0 0 MOYAHOENA OGILVIE JOHNSON VICE CHAIR 2.00 X X 0 0 0 MARTIN KELLY TRUSTEE 1.00 X 0 0 0 JEFFREY E KELTER OUTGOING TRUSTEE 1.00 X 0 0 0 DAVID W KISTLER TRUSTEE 1.00 X 0 0 0 BERNHARD L KOHN JR OUTGOING TRUSTEE 1.00 X 0 0 0 HAE-YOUNG LEE OUTGOING TRUSTEE 1.00 X 0 0 0 JANE KESSLER LENNOX TRUSTEE 1.00 X 0 0 0 DOUGLAS F LONDAL OUTGOING TRUSTEE 1.00 X 0 0 0 BRYAN MARTIN TRUSTEE 1.00 X 0 0 0 THOMAS W MCCARGO TRUSTEE 1.00 X 0 0 0 ANDREW D MCCULLOUGH JR SECRETARY 2.00 X X 0 0 0 IAN M MORTON TRUSTEE 1.00 X 0 0 0 MARY M PECK TRUSTEE 1.00 X 0 0 0 C BRADFORD RAYMOND CHAIRMAN 4.00 X X 0 0 0 SUSAN M RYAN TRUSTEE 1.00 X 0 0 0 THOMAS D SARGENT II TRUSTEE 2.00 X 0 0 0 KIRSTEN SICHLER WEBB TRUSTEE 1.00 X 0 0 0 SARA L WHITELEY OUTGOING TRUSTEE 1.00 X 0 0 0 BENJAMIN D WILLIAMS IV TRUSTEE 1.00 X 0 0 0 WILLIAM VN PHILIP HEAD OF SCHOOL 40.00 X 379975 0 56756 JULIE COLLINS CHIEF FINANCIAL OFFICER 40.00 X 198296 0 48814 NEWELL GRANT DIR OF ADVANCEMENT, ASST SECRETARY 40.00 X 155236 0 50298 PETER SMITH MEDICAL DIRECTOR 40.00 X 148586 0 42691 SHANNON E O'SHAUGHNESSY DIR OF ADVANCEMENT OPERATIONS 40.00 X 150206 0 57849 MILES E BAILEY DEAN OF ADMISSIONS 40.00 X 153156 0 42899 CAROL J KIRSCH ASSISTANT BUSINESS MANAGER 40.00 X 147143 0 41001 MARK H DE KANTER ASSOCIATE HEAD OF SCHOOL 40.00 X 136322 0 40893 1468920 0 381201 24 0 1 0 FLIK COMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 1411973 BARTLETT BRAINARD EACOTT INC 70 GRIFFIN ROAD SOUTH BLOOMFIELD CT 06002 CONTRACTOR 228419 BUILDING ONE FACILITY SERVICES LLC 57 OZICK DRIVE SUITE A DURHAM CT 06422 CLEANING SERVICE 184547 BLACKBAUD INC PO BOX 844827 BOSTON MA 022844827 SOFTWARE SERVICES 149702 CARNEY SANDOE & ASSOCIATES INC 5070 HIGHWAY A1A SUITE 260 VERO BEACH FL 32963 HIRING SERVICES 146178 7 232709 20374511 2891056 20607220 TUITION AND FEES 611110 24878255 24878255 OTHER STUDENT SERVICE FEES 611110 192348 192348 25070603 877728 877728 202634 359343 -156709 -156709 -156709 48267 58777 -10510 -10510 RENTAL OF FACILITIES - CAMPS 721000 23543 23543 HOCKEY RINK 900099 18647 18647 78410 78410 120600 46508932 25060093 42190 799429 120000 120000 6120105 6120105 1640445 76337 1006320 557788 110505 74439 36066 9246878 7663873 391705 1191300 601086 339322 111760 150004 2515114 2051580 172037 291497 711391 524619 79743 107029 137966 137966 64283 64283 6000 6000 654751 654751 68407 68407 294993 286143 5900 2950 86515 83920 1730 865 2233660 2166650 44673 22337 70247 51495 3883 14869 1693892 1643075 33878 16939 5756236 5583549 115125 57562 337645 327516 6753 3376 ACADEMIC DEPARTMENT PRO 1539489 1418954 111263 9272 DINING SERVICES 1437738 1394606 28755 14377 INSTITUTIONAL EXPENSES 708890 687623 14178 7089 FUNDRAISING AND MARKETI 529329 26747 551 502031 389891 380242 6435 3214 37075456 31089202 2991689 2994565 1514815 1796855 22223125 27914184 10084778 18011504 11912585 12142289 174969 166921 1468029 1134105 160740 134441 287960 79781 176182499 90244726 90825118 85937773 11211102 14750972 77158853 102877263 871426 1075114 227893500 266021202 1698040 1959321 18194473 20145079 46851349 49924488 0 0 2641264 473276 69385126 72502164 X 103491933 114923817 55016441 78595221 158508374 193519038 227893500 266021202 X 9433476 28717623 -3140435 X X 0 1 X 1 0 X 15377509 6001995 11911777 8702380 20607220 62600881 15377509 6001995 11911777 8702380 20607220 62600881 16640348 45960533 1075561 1208990 1672702 1219337 877728 6054318 173236 160302 85888 73176 42190 534792 231553 498281 252130 93459 78411 1153834 70343825 117393726 0.65340 0.65880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 231,553. 2017 AMOUNT: $ 498,281. 2018 AMOUNT: $ 252,130. 2019 AMOUNT: $ 93,459. 2020 AMOUNT: $ 78,411. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 106599488 14855327 28610593 905906 4144094 145015408 103043563 4146597 4459328 832308 4217692 106599488 103395635 4957557 90371 878662 4521338 103043563 100780840 681995 5804773 759664 3112309 103395635 91422835 2238373 11219632 578900 3521100 100780840 0.52560 0.47440 0.00000 0 0 11463875 11463875 150942410 77610464 73331946 13581505 12634262 947243 194709 194709 85937773 EQUITIES 58588022 F HEDGED EQUITY 25962159 F PRIVATE EQUITY 1287813 F ABSOLUTE RETURN 17039269 F 102877263 LIABILITY UNDER SPLIT INTEREST 473276 473276 66666745 28717623 -7905059 20812564 45854181 654751 654751 46508932 29777109 58777 58777 29718332 654751 6702373 7357124 37075456 PART V, LINE 4: ENDOWMENT FUNDS SUPPORT SCHOLARSHIPS, FACULTY ENRICHMENT, INSTRUCTION, STUDENT ACTIVITIES, AND LIBRARY AND CAPITAL IMPROVEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CAMPUS STORE EXPENSES 58,777. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 346,734. GAIN ON SWAP 70,765. FINANCIAL AID/TUITION REMISSION NETTED WITH REVENUE -6,702,373. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -1,678,962. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAMPUS STORE EXPENSES 58,777. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION 6,702,373. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WESTMINSTER SCHOOL'S NONDISCRIMINATORY POLICY IS INCLUDED IN INTERNAL AND EXTERNAL COMMUNICATIONS, IN ADDITION TO ITS DISCLOSURE AT THE BOTTOM OF EVERY PAGE OF THE WEBSITE. SCHEDULE E, PART I, LINE 6 DURING THE FISCAL YEAR ENDED JUNE 30, 2021, THE SCHOOL RECEIVED $232,709 IN FUNDS UNDER THE EMERGENCY ASSISTANCE TO NON-PUBLIC SCHOOLS (EANS) RELIEF PROGRAM, PROVIDED THROUGH THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS (CRRSA) ACT, 2021. THE FUNDING WAS PROVIDED AS REIMBURSMENT FOR QUALIFYING EXPENDITURES RELATED TO ENSURING A SAFE ENVIRONMENT FOR THE SCHOOL'S STUDENTS, FACULTY AND STAFF. THE SCHOOL DOES NOT OTHERWISE RECEIVE ANY FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT AGENCY. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 26121377 0 0 0 0 0 0 26121377 0 26121377 0 0 1 1 0 1 PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 3: THE EXPENSES ARE ACCOUNTED FOR USING THE ACCRUAL METHOD OF ACCOUNTING AS REPORTED IN THE FINANCIAL STATEMENTS. X X X X X 0 COMMUNITY COUNSELLING SERVICE CO LLC 527 MADISON AVENUE 5TH FLOOR NEW YORK NY 10022 FUNDRAISING CONSULTING 0 0 6000 0 6000 CT 1 TOWN OF SIMSBURY 933 HOPMEADOW STREET SIMSBURY CT 06070 SECTION 115 120000 0 CHARITABLE CONTRIBUTION 1 SCHOLARSHIPS 143 0 6005158 FMV TUITION ASSISTANCE SUPPLEMENTAL FINANCIAL AID 32 0 114947 FMV BOOKS, FEES, HEALTH INSURANCE AND ADDITIONAL INCIDENTAL EXPENSES FOR QUALIFIED STUDENTS ON THE BASIS OF NEED. PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY SCHOOL AND STUDENT SERVICES GUIDELINES WHICH PROVIDES A FINANCIAL AID NEED ANALYSIS BASED ON CONFIDENTIAL INFORMATION PROVIDED BY FAMILIES. THE SCHOLARSHIPS ARE AWARDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. ALL SCHOLARSHIPS ARE MADE DIRECTLY AS CREDITS AGAINST STUDENT ACCOUNTS AND NO CASH REFUNDS ARE ISSUED FOR ANY PURPOSE. X 1 1 X X X 0 1 0 0 0 0 0 0 0 WILLIAM VN PHILIP HEAD OF SCHOOL 378463 0 1512 0 0 0 33018 0 23738 0 436731 0 0 0 JULIE COLLINS CHIEF FINANCIAL OFFICER 196789 0 1507 0 0 0 23269 0 25545 0 247110 0 0 0 SHANNON E O'SHAUGHNESSY DIR OF ADVANCEMENT OPERATIONS 145699 0 4507 0 0 0 27443 0 30406 0 208055 0 0 0 NEWELL GRANT DIR OF ADVANCEMENT, ASST SECRETARY 152729 0 2507 0 0 0 27443 0 22855 0 205534 0 0 0 MILES E BAILEY DEAN OF ADMISSIONS 150649 0 2507 0 0 0 17443 0 25456 0 196055 0 0 0 PETER SMITH MEDICAL DIRECTOR 145779 0 1507 0 1300 0 14215 0 28476 0 191277 0 0 0 CAROL J KIRSCH ASSISTANT BUSINESS MANAGER 145636 0 1507 0 0 0 17269 0 23732 0 188144 0 0 0 MARK H DE KANTER ASSOCIATE HEAD OF SCHOOL 133481 0 1541 0 1300 0 15519 0 25374 0 177215 0 0 0 PART I, LINE 1A CERTAIN EMPLOYEES ARE REQUIRED TO LIVE ON CAMPUS. THE VALUE OF THIS HOUSING IS INCLUDED IN NONTAXABLE BENEFITS. PART I, LINE 4B WILLIAM V.N. PHILIP, NEWELL GRANT, AND SHANNON O'SHAUGHNESSY PARTICIPATE IN A SECTION 457(F) PLAN, THE BENEFITS FROM WHICH ARE SUBJECT TO VESTING SCHEDULES. A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 20774Y5U2 2014-09-24 20605385 REFUND SERIES E 0 0 0 B STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 20774Y7P6 2019-04-11 9031319 REFUND SERIES F & SERIES G 0 0 0 C STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2021-01-06 19832940 REFUND SERIES I & SERIES J 0 0 0 A 18880000 21070686 344671 20726015 0 1 1 1 B 9050798 3119 180543 8867136 1 0 1 1 C 19905887 222847 19683040 1 0 1 1 A 1 1 0 0 0.00000 0.00000 0.00000 1 0 1 B 0 0 0 0 0.00500 0.00000 0.00500 1 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 1 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORI DATE THE REBATE COMPUTATION WAS PERFORMED: 09/24/2019 PART II, LINE 3 THE DIFFERENCE BETWEEN THE BOND ISSUE PRICE AND THE BOND PROCEEDS IS DUE TO INVESTMENT EARNINGS ON THE BOND PROCEEDS. W THOMAS EARL FORMER EMPLOYEE MORTGAGE X 232000 166921 0 1 1 166921 JENNIFER PHILIP HEAD OF SCHOOL'S SPOUSE 36066 COMPENSATION 0 ERIKA BREWER TRUSTEE'S SPOUSE 74439 COMPENSATION 0 X 80 2891056 FMV 0 0 1 0 PART I, LINE 32B: PART 1 LINE 9 - PUBLICLY TRADED SECURITIES FROM 80 DONORS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED INTERNALLY AND REVIEWED BY INTERNAL MANAGEMENT. THE FORM 990 IS REVIEWED BY OUTSIDE TAX PREPARER. PRIOR TO FILING A COPY IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES. SCHEDULE B - SCHEDULE OF CONTRIBUTORS - IS NOT INCLUDED. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT/QUESTIONNAIRE IS MAILED TO ALL BOARD OF TRUSTEE MEMBERS IN THE FALL. THE FORMS ARE RETURNED IN A STAMPED SELF ADDRESSED ENVELOPE TO THE HEADMASTER'S ASSISTANT. IF THERE IS AN ACTUAL OR POTENTIAL CONFLICT IT IS DISCLOSED TO AN OFFICER OF THE ORGANIZATION SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DETERMINATION - FOR THE HEADMASTER - THE CHAIRMAN OF THE BOARD ANUALLY PERFORMS A PERFORMANCE REVIEW AND SETS GOALS WITH THE HEADMASTER. COMPARABILITY DATA FROM SCHOOLS OF SIMILAR TYPE ARE REVIEWED. COMPENSATION IS SET FROM THIS REVIEW. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FOR ALL OTHER EMPLOYEES - THE BOARD APPROVES OVERALL SALARY PACKAGES FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PROVIDED WHEN REQUESTED. FORM 990, PART XI, LINE 9: CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -1,678,962. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 346,734. LOSS ON BOND FINANCING -1,878,972. GAIN ON SWAP 70,765. PART XI, LINE 2C THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER TRUST (2) CHARITABLE TRUST CT T 1 POOLED INCOME FUND (1) POOLED INCOME FUND CT T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0