2022-04-27T10:16:40-05:00 2021-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2020-07-01 060655480 AVON OLD FARMS SCHOOL INC AVON 8604044100 500 OLD FARMS ROAD AVON CT 06001 ROBERT A ORENSTEIN CHIEF FINANCIAL OFFICER 8604044100 2022-04-25 1 ROBERT ORENSTEIN 999009999 LORI ROTHE YOKOBOSKY CPA P01273422 9592007000 2022-04-25 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JAMES DETORA 500 OLD FARMS ROAD AVON CT 06001 48987227 0 X WWW.AVONOLDFARMS.COM X 1927 CT TO BE THE BEST SCHOOL FOR BOYS BY CULTIVATING YOUNG MEN OF INTEGRITY AND BY PROVIDING A STRUCTURED, SUPPORTIVE, LEARNING ENVIRONMENT THAT ENCOURAGES SELF-DISCOVERY AND SOCIAL RESPONSIBILITY. 22 22 206 0 16021 0 5892297 7867923 25336850 25059557 2159275 3625324 911369 669719 34299791 37222523 5054866 4878129 0 0 15682434 14655878 0 0 1438491 10020353 10040248 30757653 29574255 3542138 7648268 131582577 152492503 35391586 35326136 96190991 117166367 AVON OLD FARMS SCHOOL STRIVES TO BE THE BEST COLLEGE PREPARATORY SCHOOL FOR BOYS BY CULTIVATING YOUNG MEN OF INTEGRITY, WHO HONOR WISDOM, JUSTICE, INCLUSION, SERVICE, AND THE PURSUIT OF TRUTH. 0 0 23471667 4878129 25210196 INDEPENDENT SECONDARY SCHOOL WITH 299 BOARDING STUDENTS AND 100 DAY STUDENTS. 23471667 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 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 1 1 0 0 0 1 107 0 1 206 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROBERT A ORENSTEIN 8604044103 500 OLD FARMS ROAD AVON CT 06001 GLENN SIEBER DIRECTOR 1.00 X 0 0 0 DEAN C GRAHAM CO-VICE CHAIRMAN 1.00 2.00 X X 0 0 0 WILLIAM P AUSTIN CO-VICE CHAIRMAN / TREASURER 1.00 X X 0 0 0 CHRIS DREW SECRETARY 1.00 2.00 X X 0 0 0 ANDREW CAPUTO DIRECTOR(OUTGOING) 0.50 X 0 0 0 MARTIN I COLE CHAIRMAN 1.00 2.00 X X 0 0 0 BRIAN CONROY DIRECTOR 0.50 X 0 0 0 JAMES W CORRIGAN DIRECTOR 0.50 X 0 0 0 J STRATFORD R DENNIS DIRECTOR 0.50 X 0 0 0 JOHN EDWARDS DIRECTOR 0.50 X 0 0 0 DEE GORDON DIRECTOR 0.50 X 0 0 0 RICHARD H GORDON DIRECTOR 0.50 X 0 0 0 CLAYTON JOHNSON DIRECTOR 0.50 X 0 0 0 NEAL KEATING DIRECTOR 0.50 X 0 0 0 WADE KIRBY DIRECTOR 0.50 X 0 0 0 IRA LEESFIELD DIRECTOR(OUTGOING) 0.50 X 0 0 0 JOHN MAXWELL DIRECTOR(OUTGOING) 0.50 X 0 0 0 WADE L MCDEVITT DIRECTOR 0.50 X 0 0 0 BRENDAN L MCKERNAN DIRECTOR(OUTGOING) 0.50 X 0 0 0 BRADLEY MORRIS DIRECTOR 0.50 X 0 0 0 JOHN A NOLAN DIRECTOR 0.50 X 0 0 0 NELSON PELTZ DIRECTOR(OUTGOING) 0.50 X 0 0 0 HENRY B SMITH DIRECTOR 0.50 X 0 0 0 JOHN WENDLER DIRECTOR 0.50 X 0 0 0 MILTON WILLIAMS DIRECTOR 0.50 X 0 0 0 NORBERT WILLIAMSON DIRECTOR 0.50 X 0 0 0 KENNETH WINEMASTER DIRECTOR 0.50 X 0 0 0 JAMES DETORA HEAD OF SCHOOL 50.00 X 311769 0 104956 ROBERT A ORENSTEIN CFO 50.00 X 255826 0 81284 ROBERT DULLY DIRECTOR OF COMMUNICATIONS 50.00 X 136000 0 20155 ROBERT WHITTY ASSOCIATE HEAD OF SCHOOL 50.00 X 125098 0 60679 JOHN GARDNER ASSOCIATE HEADMASTER 50.00 X 126141 0 24736 CHRIS WEBB DIRECTOR OF ADVANCEMENT 50.00 X 135530 0 72811 ROBERT DOWLING PROVOST 50.00 X 134672 0 121786 1225036 0 486407 16 0 1 0 COMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 FOOD PREPARATION 1238323 STANLEY WEISEN INC 290 PROSPECT AVE HARTFORD CT 06106 WINDOW REPLACEMENT 418241 TALCOTT VIEW DEVELOPMENT INC 11 LORDSHIP RD EAST GRANBY CT 06026 CONSTRUCTION PROJECTS 351504 OMNI ENVIRONMENTAL LLC PO BOX 1001 SALEM NH 03079 CONSTRUCTION PROJECTS 196500 E & R LAUNDRY 80 ROSS AVE MANCHESTER NH 03103 CAMPUS LAUNDRY SERVICE 181353 9 2665833 5202090 457670 7867923 TUITION AND FEES 611110 24880847 24880847 SUMMER SCHOOL TUITION 611110 178710 178710 25059557 1307272 1307272 72372 0 72372 72372 72372 13931356 11613304 2318052 2318052 2318052 242639 151400 91239 91239 HOCKEY RINK AND SQUASH 713910 238174 238174 MISCELLANEOUS INCOME 900099 164247 164247 SUMMER SCHOOL TUITION 611710 75421 59400 16021 28266 28266 506108 37222523 25210196 16021 4128383 4878129 4878129 729185 196857 414215 118113 9514601 7007826 1829331 677444 1208018 901363 217304 89351 2419902 1737951 491875 190076 784172 556762 164676 62734 52611 52611 40580 40580 146014 146014 552744 416990 67715 68039 22203 1450 20753 342335 125376 154438 62521 426413 277168 106603 42642 1845167 1568392 184517 92258 189983 170643 16265 3075 853101 767791 85310 2483012 2234711 248301 FOOD SERVICE 1533308 1523216 4148 5944 MISCELLANEOUS EXPENSES 814581 499791 311889 2901 STUDENT SUPPLIES & EXP 381600 373461 8029 110 STUDENT ACTIVITIES 145260 145260 211336 88530 99523 23283 29574255 23471667 4664097 1438491 1029935 1323110 6548980 10601071 7597280 7086008 60730 2107525 94876 77693 614763 108256 124680661 63058654 62073657 61622007 53190627 69209095 371729 357738 131582577 152492503 690995 826551 7909395 9700268 22700670 21834670 4090526 2964647 35391586 35326136 X 71347021 87177539 24843970 29988828 96190991 117166367 131582577 152492503 X 7648268 12246273 1080835 X X 0 1 X 1 0 X 7356766 7203340 7299032 5886196 7867923 35613257 7356766 7203340 7299032 5886196 7867923 35613257 3112761 32500496 1023164 1114654 1397329 1223278 1379644 6138069 32737 29036 27405 17063 0 106241 574243 594140 500666 485726 490087 2644862 44502429 123156808 0.73030 0.71560 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: HOCKEY RINK AND SQUASH REVENUE - 2016 AMOUNT: $ 339,634. 2017 AMOUNT: $ 345,720. 2018 AMOUNT: $ 314,277. 2019 AMOUNT: $ 345,420. 2020 AMOUNT: $ 238,174. MISCELLANEOUS - 2016 AMOUNT: $ 116,737. 2017 AMOUNT: $ 121,146. 2018 AMOUNT: $ 87,319. 2019 AMOUNT: $ 140,306. 2020 AMOUNT: $ 164,247. OTHER REVENUE - 2017 AMOUNT: $ 6,095. 2020 AMOUNT: $ 59,400. FUNDRAISING - 2016 AMOUNT: $ 90,352. 2017 AMOUNT: $ 110,278. 2018 AMOUNT: $ 99,070. INSURANCE PROCEEDS - 2016 AMOUNT: $ 27,520. 2017 AMOUNT: $ 10,901. BAD DEBT RECOVERY - 2020 AMOUNT: $ 28,266. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 5526 2025834 2874724 66331879 1 1 57072964 2504155 17390523 755644 2033822 74178176 56749719 1720261 2135543 3532559 57072964 57118513 2847460 2582938 692417 5106775 56749719 52838581 2299340 3712879 646090 1086197 57118513 46553212 2325117 6843741 2883489 52838581 0.70400 0.22300 0.07300 0 1 1 5020662 5020662 109231864 54943261 54288603 9138755 8115393 1023362 1289380 1289380 61622007 INTEREST RATE SWAP AGREEMENT 2964647 2964647 X PART V, LINE 4: INCOME FROM THE SCHOOL'S ENDOWMENT FUND IS APPROPRIATED FOR STUDENT FINANCIAL AID, FACULTY SALARIES AND BENEFITS AS WELL AS OTHER OPERATING EXPENSES OF THE SCHOOL, IN ACCORDANCE WITH DONOR-IMPOSED RESTRICTIONS AND THE SCHOOL'S BOARD APPROVED SPENDING POLICY. PART X, LINE 2: THE SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2021 AND 2020. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2018 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE SCHOOL HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. 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 NONDISCRIMINATORY POLICY IS PUBLISHED IN ALL SCHOOL CATALOGUES AND BROCHURES AS WELL AS ON THE SCHOOL WEBSITE. 1 SCHOLARSHIPS/STUDENT AID 187 4878129 FMV SCHOLARSHIPS & GRANTS ARE PROVIDED TO STUDENTS VIA A WAIVER OF TUITION, FEES AND OTHER CHARGES. PART I, LINE 2: ALL FINANCIAL AID RECIPIENTS ARE REQUIRED TO COMPLETE A FINANCIAL AID STATEMENT AND PROVIDE THE NECESSARY SUPPORTING DOCUMENTATION. X 0 0 X X X 0 0 0 0 0 0 0 1 0 JAMES DETORA HEAD OF SCHOOL 305769 0 6000 0 0 0 49115 0 55841 0 416725 0 0 0 ROBERT A ORENSTEIN CFO 255826 0 0 0 0 0 46125 0 35159 0 337110 0 0 0 ROBERT DOWLING PROVOST 118394 0 13500 0 2778 0 18234 0 103552 0 256458 0 0 0 CHRIS WEBB DIRECTOR OF ADVANCEMENT 134194 0 0 0 1336 0 20625 0 52186 0 208341 0 0 0 ROBERT WHITTY ASSOCIATE HEAD OF SCHOOL 123919 0 0 0 1179 0 18638 0 42041 0 185777 0 0 0 ROBERT DULLY DIRECTOR OF COMMUNICATIONS 134000 0 0 0 2000 0 20155 0 0 0 156155 0 0 0 JOHN GARDNER ASSOCIATE HEADMASTER 114891 0 10000 0 1250 0 15855 0 8881 0 150877 0 0 0 PART I, LINE 1A THE SCHOOL REQUIRES THAT CERTAIN SENIOR LEADERSHIP RESIDE ON CAMPUS AS A CONDITION OF EMPLOYMENT FOR THE SAFETY AND SUPERVISION OF ITS STUDENTS, FACULTY AND OTHER CONSTITUENCIES WITHIN THE SCHOOL COMMUNITY OUTSIDE OF NORMAL BUSINESS HOURS. THESE RESIDENCES ALSO SERVE AS LOCATIONS FOR VARIOUS SCHOOL-RELATED EVENTS. PART I, LINE 7 AT THE DISCRETION OF THE BOARD OF DIRECTORS AND BASED UPON THE INDIVIDUAL'S PERFORMANCE AS COMPARED TO EXPECTATIONS SET BY THE BOARD OF DIRECTORS, THE HEADMASTER AND MEMBERS OF THE EXECUTIVE TEAM WERE AWARDED A BONUS DURING CALENDAR YEAR 2020. A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2013-11-01 24606000 REFUNDING OF SERIES A AND B TAX EXEMPT BOND ISSUES AND RELATED COSTS 0 0 0 A 5389000 24606000 345297 24260703 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 BANK OF AMERICA NA 29.300000000000 1 0 0 0 0 A 1 X 21 457670 FAIR VALUE 0 1 1 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: THE SCHOOL MAINTAINS ACCOUNTS WITH THIRD PARTY FINANCIAL INSTITUTIONS WHICH ARE USED TO LIQUIDATE GIFTS OF MARKETABLE SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 DEE AND RICHARD H. GORDON, DIRECTORS, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S 990 IS FIRST REVIEWED BY THE CFO AND CONTROLLER. ONCE ANY NECESSARY EDITS HAVE BEEN MADE, THE RETURN IS THEN PROVIDED TO THE TREASURER AND THE FINANCE COMMITTEE FOR FURTHER REVIEW AND APPROVAL. IT IS MADE AVAILABLE TO THE FULL BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE SECRETARY SHALL SEND TO EACH PERSON WHO IS A DIRECTOR OR OFFICER OF THE SCHOOL, AND TO THOSE KEY EMPLOYEES OF THE SCHOOL AS THE BOARD MAY DETERMINE, A COPY OF THIS POLICY REGARDING CONFLICT OF INTEREST, TOGETHER WITH A QUESTIONNAIRE INQUIRING AS TO CONFLICTS. ALL OTHER EMPLOYEES WILL BE MADE AWARE OF THE POLICY FROM THE DIRECTOR OF HUMAN RESOURCES, AND THEY SHOULD DISCLOSE ANY CONFLICTS OF INTEREST. IT SHALL BE THE DUTY OF EACH DIRECTOR, OFFICER AND KEY EMPLOYEE, AS THE CASE MAY BE, TO INFORM THE SECRETARY AND THE HEADMASTER OF ANY AND ALL CHANGES IN THE INFORMATION SET FORTH IN THE QUESTIONNAIRE OR OTHERWISE UPDATE THE SECRETARY IN A TIMELY FASHION. WHEN IN DOUBT AS TO WHETHER A CONFLICT OF INTEREST EXISTS, OR MAY EXIST, IT SHALL BE THE DUTY OF EACH PERSON TO INFORM THE SECRETARY OR HEADMASTER FOR CLARIFICATION. FORM 990, PART VI, SECTION B, LINE 15 AVON OLD FARMS COMPENSATION GOAL PROVIDES A TOTAL COMPENSATION PROGRAM WHICH RECOGNIZES INDIVIDUAL PERFORMANCE AND MAINTAINS A COMPETITIVE MARKET POSITION. THE SCHOOL'S HUMAN RESOURCES DEPARTMENT UTILIZES THE FOLLOWING FACTORS TO ESTABLISH EMPLOYEE PAY LEVELS AND BENEFITS INCLUDING: MARKET SURVEY OF COMPARABLE POSITIONS AT COMPARABLE PRIVATE SCHOOLS, PERFORMANCE EVALUATIONS, REGIONAL COST OF LIVING DIFFERENTIALS, AS WELL AS RECRUITMENT AND RETENTION EXPERIENCE. THE BOARD'S EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE EXECUTIVE AND KEY EMPLOYEES' COMPENSATION PACKAGES ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL PROVIDES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SWAP AGREEMENT 1,125,879. PROVISION FOR UNCOLLECTIBLE PLEDGES -45,044. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THE SCHOOL'S OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR. AVON OLD FARMS SCHOOL FOUNDATION 500 OLD FARMS ROAD AVON CT 06001 066386828 FORMED FOR THE PURPOSE OF OPERATING AS A SUPPORTING ORG. FOR THE SCHOOL. CT 501(C)(3) LINE 12A, I AVON OLD FARMS SCHOOL INC 1 THE RIDDLE TRUST 500 OLD FARMS ROAD AVON CT 06001 066074707 PROVIDE FINANCIAL SUPPORT TO AVON OLD FARMS SCHOOL. CT 4947 (A)(1) CHARITABLE TRUST AVON OLD FARMS SCHOOL INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0