2021-11-12T05:44:28-06:00 2021-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2020-07-01 020222147 KIMBALL UNION ACADEMY KIMB 6034692160 PO BOX 188 MERIDEN NH 037700188 ROBERT BLAKE CFO 6034692160 2021-11-09 1 ROBERT BLAKE 999009999 W JAY SIMMS P00435321 6036530044 2021-11-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ROBERT BLAKE MAIN STREET MERIDEN NH 03770 29764376 0 X WWW.KUA.ORG X 1813 NH SECONDARY EDUCATION 17 17 183 0 114882 0 2974122 3843176 20835430 20832386 5917372 1852579 146207 119261 29873131 26647402 5864724 5713860 0 0 10061510 10070386 0 0 765882 8653032 8507738 24579266 24291984 5293865 2355418 112647553 123763402 34004330 31962960 78643223 91800442 KIMBALL UNION ACADEMY PREPARES STUDENTS FOR THE CHALLENGES OF TOMORROW'S WORLD BY INSPIRING ACADEMIC MASTERY, CREATIVITY, RESPONSIBILITY, AND LEADERSHIP. 0 0 19993691 5713860 22684965 PRIVATE HIGH SCHOOL THAT SERVES 258 BOARDING STUDENTS AND 88 DAY STUDENTS. 19993691 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 48 0 1 183 1 1 1 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X ROBERT BLAKE 6034692000 KIMBALL UNION ACADEMY MERIDEN NH 037700188 MOLLY STEFFEY VICE CHAIR OF THE BOARD 1.00 X X 0 0 0 CHRISTOPHER BURNS CHAIR OF THE BOARD 1.00 X X 0 0 0 PETER SCHIEFFELIN TREASURER 1.00 X X 0 0 0 KARLA RADKE SECRETARY 1.00 X X 0 0 0 ALLYN DAVID TRUSTEE 1.00 X 0 0 0 JENNIFER BORISLOW TRUSTEE 1.00 X 0 0 0 ROBIN GRONLUND TRUSTEE 1.00 X 0 0 0 VIVA HARDIGG TRUSTEE 1.00 X 0 0 0 EDWARD HILD TRUSTEE 1.00 X 0 0 0 DONALD LOWERY TRUSTEE 1.00 X 0 0 0 CLYDE NEVILLE TRUSTEE 1.00 X 0 0 0 ANDREA STERN TRUSTEE 1.00 X 0 0 0 JADIHEL TAVERAS TRUSTEE 1.00 X 0 0 0 STEPHEN TAYLOR TRUSTEE 1.00 X 0 0 0 CHRISTOPHER YOSHIDA TRUSTEE 1.00 X 0 0 0 GLENN POGUS TRUSTEE 1.00 X 0 0 0 SETH SHORTLIDGE TRUSTEE 1.00 X 0 0 0 ROBERT BLAKE CFO 40.00 X 186866 0 42490 DAVID WEIDMAN ASSISTANT HEAD OF SCHOOL 40.00 X 124424 0 34258 HUNTER ULF CHIEF OPERATING OFFICER 40.00 X 156814 0 35541 POLLY ANTOL DIRECTOR OF ADVANCEMENT 40.00 X 92029 0 31685 LINDSEY RATLIFF DIRECTOR OF ADMISSION 40.00 X 106410 0 63441 TYLER LEWIS HEAD OF SCHOOL 40.00 X 337998 0 103207 SHERWOOD HASKINS INTERIM DIRECTOR OF ADVANCEMENT 40.00 X 76474 0 11470 1081015 0 322092 5 0 1 0 SAGE DINING SERVICES PO BOX 188 MERIDEN NH 03770 DINING SERVICES 1048423 EXPRESS CLEANING LLC 216 BUTTERNUT ROAD WHITE RIVER JCT VT 05001 CLEANING 199994 HOME PARTNERS PO BOX 14 WILDER VT 05088 EXTERIOR PAINTING 184750 HIGH MEADOW BUILDERS 160 MECHANIC STREET LEBANON NH 03766 CONSTRUCTION 182909 ARC MECHANICAL CONTRACTORS INC PO BOX 724 BRADFORD VT 05033 CONSTRUCTION 166889 5 1898827 1944349 65158 3843176 TUITION 611710 20726200 20726200 PROGRAM SUPPORT 611710 997144 997144 SUMMER PROGRAMS 611710 8975 8975 COVID-19 REFUNDS 611710 -899933 -899933 20832386 1280739 1280739 23280 0 23280 23280 23280 3432615 2442483 418292 990132 -418292 571840 571840 237298 256199 -18901 -18901 CHILD CARE FEES - KUA 624410 76971 76971 CHILD CARE FEES - NON- 624410 37911 37911 114882 26647402 22684965 114882 4379 5713860 5713860 718598 244730 473868 7247158 5519807 1287412 439939 607232 463717 107550 35965 948769 715967 178027 54775 548629 401000 117456 30173 57260 57260 72055 72055 105417 105417 1117501 1045000 58122 14379 466699 439726 20891 6082 2502642 2332243 138138 32261 SUPPLIES AND OTHER OPER 1526372 1000993 473642 51737 OTHER CONTRACTED SERVIC 1432837 926930 413741 92166 FOOD AND DINING 1226955 1189718 28832 8405 24291984 19993691 3532411 765882 7555552 9419324 2004389 1476338 8261962 8722546 164817 189027 237602 567074 68612783 32270538 37636455 36342245 54638296 64421954 2148480 2624894 112647553 123763402 1031748 992244 13423791 14711051 13275019 12948656 2236336 274800 4037436 3036209 34004330 31962960 X 58812695 68223976 19830528 23576466 78643223 91800442 112647553 123763402 X 2355418 9833535 968266 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53009559 89838 12038748 1173000 63965145 51944184 98203 1794770 827598 53009559 31078466 20077547 2437036 1648865 51944184 29859377 173945 1770144 725000 31078466 27469130 114026 2946221 670000 29859377 0.70820 0.21310 0.07870 1 0 1888311 1888311 62281758 29011090 33270668 4381108 3259448 1121660 61606 61606 36342245 CAPITAL LEASE 28274 DEFERRED COMPENSATION 56102 INTEREST RATE SWAP 2322138 RETIREMENT OBLIGATION 629695 3036209 X 31739160 9833535 -4636360 5197175 26541985 105417 105417 26647402 18581941 256199 256199 18325742 105417 5860825 5966242 24291984 PART V, LINE 4: KIMBALL UNION ACADEMY USES THEIR ENDOWMENT FUNDS FOR ACADEMICS, THE EQUESTRIAN PROGRAM, DEPARTMENT MANAGER SALARIES, FINANCIAL AID, BUILDING MAINTENANCE, BOOKS, AND OPERATING SUPPORT. PART X, LINE 2: THE ACADEMY QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACADEMY REPORTS OPERATION OF ITS HOCKEY FACILITY AND DAY CARE CENTER ON FORM 990-T SUBJECT TO EXCISE TAX. IN ADDITION, THE ACADEMY FILES A BUSINESS ENTERPRISE TAX RETURN IN NEW HAMPSHIRE. THE ACADEMY HAS ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. SUBTOPIC 740-10 ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORE-LIKELY-THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. THE ACADEMY HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID ADDITION TO GROSS UP TUITION -5,713,860. INTEREST RATE SWAP 968,266. COST OF GOODS SOLD 256,199. LIFE INSURANCE PREMIUMS -146,965. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 256,199. ROUNDING PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,713,860. LIFE INSURANCE PREMIUMS 146,965. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 KIMBALL UNION ACADEMY'S NONDISCRIMINATORY POLICY IS PUBLISHED ON ITS WEBSITE, ON ITS APPLICATION AND EMPLOYMENT DOCUMENTS, AND IN EMPLOYMENT ADS. THE NONDISCRIMINATORY POLCY IS ALSO INCLUDED IN OUR ADMISSIONS MATERIALS, INCLUDING OUR APPLICATION FOR ADMISSION. EVERY STUDENT HAS AN ANNUAL CONTRACT WITH THE SCHOOL THAT CLEARLY STATES THE SCHOOL'S NONDISCRIMINATORY POLICY. 1 FINANCIAL AID 154 5713860 FMV FINANCIAL AID FORM 990I-4 LINE 60 THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT BUSINESS OFFICE OF KIMBALL UNION ACADEMY. X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 TYLER LEWIS HEAD OF SCHOOL 324797 0 160 0 13041 0 28516 0 74691 0 441205 0 0 0 ROBERT BLAKE CFO 181668 0 3160 0 2038 0 18900 0 23590 0 229356 0 0 0 HUNTER ULF CHIEF OPERATING OFFICER 152632 0 2510 0 1672 0 16096 0 19445 0 192355 0 0 0 LINDSEY RATLIFF DIRECTOR OF ADMISSION 103873 0 2410 0 127 0 11180 0 52261 0 169851 0 0 0 DAVID WEIDMAN ASSISTANT HEAD OF SCHOOL 119807 0 3410 0 1207 0 12660 0 21598 0 158682 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO A MAJORITY OF THE FACULTY, TO THE EXTENT ON-CAMPUS HOUSING IS AVAILABLE, IN ORDER FOR THE FACULTY TO FULFILL THEIR LOCO PARENTIS RESPONSIBILITIES. A NHHEFA 020279866 664614TA7 2015-08-27 14657301 REFINANCE EXISTING BONDS AND RENOVATIONS 0 0 0 A 14657301 232108 2000000 375193 2015 0 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 1 1 UNITED BANK 10.000000000000 0 0 0 0 0 A 1 THOMAS KARDEL TEACHER 89488 THOMAS KARDEL, AN EMPLOYEE OF THE SCHOOL, IS THE HUSBAND OF THE SCHOOL'S ASSISTANT HEADMASTER 0 RENEE LEWIS LEARNING SPECIALIST AND COACH 13679 RENEE LEWIS, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE HEAD OF SCHOOL. 0 X 4 65158 FMV 0 1 1 PART I, LINE 32B: THE ORGANIZATION'S GIFTS OF STOCK ARE TRANSFERRED TO A BROKERAGE HOUSE FOR IMMEDIATE SALE. REAL ESTATE GIFTS NOT CORE TO THE MISSION OF THE ACADEMY ARE PLACED WITH A QUALIFIED, LOCAL REAL ESTATE BROKER AND PLACED FOR SALE. FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT AUDITORS DISCUSSED PREPARATION OF THE FORM 990 WITH THE ORGANIZATION'S AUDIT COMMITTEE IN DETAIL. A DRAFT COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD FOR TRUSTEE INSPECTION BEFORE FILING. THE CFO AND THE AUDIT COMMITTEE CHAIR ALSO BRIEF THE TRUSTEES ON KEY ELEMENTS OF THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH TRUSTEE, PRIOR TO TAKING A POSITION ON THE BOARD, TO SUBMIT IN WRITING ANY POSSIBLE CONFLICTS. THE ORGANIZATION REQUIRES EACH TRUSTEE TO UPDATE THE LISTS ANNUALLY. TRUSTEES HAVING A FINANCIAL INTEREST IN THE TRANSACTION AT HAND ARE NOT ALLOWED TO VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE. THE COMMITTEE PERIODICALLY HIRES A THIRD-PARTY EXPERT TO REVIEW, BENCHMARK, AND ASSIST IN THE NEGOTIATION OF THE HEAD'S CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP ADJUSTMENT 968,266.