2021-05-11T13:01:38-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 29 SOUTH MAIN STREET WEST HARTFORD CT 06107 990 2019-07-01 060646960 TRUSTEES OF WESTMINSTER SCHOOL INC TRUS 8604083000 995 HOPMEADOW STREET SIMSBURY CT 06070 JULIE COLLINS CHIEF FINANCIAL OFFICER 8604083000 2021-05-07 1 JOHN TOSCANO P00358542 8605614000 2021-05-07 2019 2022-09-23 18:48:47Z WILLIAM VN PHILIP 995 HOPMEADOW STREET SIMSBURY CT 06070 53007848 0 X WWW.WESTMINSTER-SCHOOL.ORG X 1935 CT PROVIDE EDUCATIONAL PROGRAMS AND RELATED ACTIVITIES TO STUDENTS IN GRADES 9 THROUGH 12. 33 32 212 390 235583 64958 11911777 8702380 23424046 23766920 1229069 2500881 708729 501878 37273621 35472059 5051990 5768470 0 0 14972932 14861918 24930 13215 3008291 16862685 15894724 36912537 36538327 361084 -1066268 220478431 227893500 63330666 69385126 157147765 158508374 PROVIDE EDUCATIONAL PROGRAMS AND RELATED ACTIVITES TO STUDENTS IN GRADES 9 THROUGH 12. 0 0 31022736 5768470 23939756 PROVISION OF EDUCATIONAL PROGRAMS AND RELATED ACTIVITIES TO STUDENTS IN GRADES 9 THROUGH 12 (APPROXIMATELY 395 STUDENTS) 31022736 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 1 112 0 1 212 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 33 32 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 WILLIAM VN PHILIP HEAD OF SCHOOL 40.00 X 370086 0 141849 JULIE COLLINS CHIEF FINANCIAL OFFICER 40.00 X 242612 0 81821 NANCY SPENCER ASSISTANT HEAD OF SCHOOL 40.00 X 169958 0 74628 NEWELL GRANT DIR OF ADVANCEMENT, ASST SECRETARY 40.00 X 162583 0 75402 MILES E BAILEY DEAN OF ADMISSIONS 40.00 X 152123 0 67482 PETER SMITH MEDICAL DIRECTOR 40.00 X 156541 0 43106 CAROL KIRSCH ASSISTANT BUSINESS MANAGER 40.00 X 156268 0 43441 SHANNON E O'SHAUGHNESSY DIRECTOR OF ADVANCEMENT OPERATIONS 40.00 X 144203 0 61402 STEPHEN W BAILEY TRUSTEE 1.00 X 0 0 0 BETH C BAKER TRUSTEE 1.00 X 0 0 0 WILLIAM D BREWER TRUSTEE 1.00 X 0 0 0 ELLEN GERRY BREED TRUSTEE 1.00 X 0 0 0 CURTIS F BROCKELMAN JR TRUSTEE 2.00 X 0 0 0 ZOOEY BROWN 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 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 1.00 X X 0 0 0 JEFFREY E KELTER TRUSTEE 1.00 X 0 0 0 DAVID W KISTLER TRUSTEE 1.00 X 0 0 0 BERNHARD L KOHN JR TRUSTEE 1.00 X 0 0 0 HAE-YOUNG LEE TRUSTEE 1.00 X 0 0 0 JANE KESSLER LENNOX TRUSTEE 1.00 X 0 0 0 DOUGLAS F LONDAL 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 1554374 0 589131 20 0 1 0 FLIK INDEPENDENT SCHOOL DINING 2 INTERNATIONAL DRIVE RYE BROOK NY 10573 DINING SERVICES 2296859 BARTLETT BRAINARD EACOTT INC 70 GRIFFIN ROAD SOUTH BLOOMFIELD CT 06002 RENOVATION SERVICES 178127 MACRI ASSOCIATES INC 15 INDUSTRIAL DRIVE AVON CT 06001 MECHANICAL SERVICES 167938 BLACKBAUD INC PO BOX 930256 ATLANTA GA 31193 SOFTWARE SERVICES 136996 SIFCO INC 2643 DAY HILL ROAD WINDSOR CT 06095 PAINTING SERVICES 131451 8 8702380 1698865 8702380 TUITION AND FEES 611110 23714415 23714415 OTHER STUDENT SERVICE 611110 52505 52505 23766920 1219337 1219337 18676540 17389924 5072 1286616 -5072 1281544 1281544 131710 140793 -9083 -9083 ALL OTHER REVENUE 900099 166331 166331 HOCKEY RINK 900099 145053 145053 FACILITIES RENTAL - CA 721000 106118 15588 90530 93459 93459 510961 35472059 23939756 235583 2594340 120000 120000 5648470 5648470 921806 41669 493841 386296 107935 35108 72827 9433028 7699020 619620 1114388 942779 775390 57102 110287 2711554 2253358 155761 302435 744816 561459 73415 109942 193721 193721 70485 70485 13215 13215 547778 547778 73233 73233 253975 246356 5080 2539 50904 49377 1018 509 2149708 2085216 42994 21498 463353 358287 27133 77933 1797246 1743329 35945 17972 5966947 5787939 119339 59669 307546 298320 6151 3075 DINING SERVICES 1326965 1287156 26539 13270 ACADEMIC DEPARTMENT PRO 1254991 1233719 19636 1636 FUNDRAISING AND MARKETI 726125 30262 624 695239 AUXILIARY SERVICES 313063 308345 3145 1573 398684 386723 7973 3988 36538327 31022736 2507300 3008291 916023 1514815 20016627 22223125 12214609 10084778 11912585 406933 174969 1468029 158470 160740 385088 287960 175336894 84511776 95534919 90825118 9379402 11211102 79327104 77158853 2139256 871426 220478431 227893500 1595898 1698040 8470595 18194473 47809566 46851349 3352370 0 2102237 2641264 63330666 69385126 X 102981805 103491933 54165960 55016441 157147765 158508374 220478431 227893500 X -1066268 2050865 376012 X X 0 1 X 1 0 X 22554771 15377509 6001995 11911777 8702380 64548432 22554771 15377509 6001995 11911777 8702380 64548432 16468763 48079669 870326 1075561 1208990 1672702 1219337 6046916 284449 173236 160302 85888 73176 777051 532960 231553 498281 252130 93459 1608383 72980782 113215362 0.65880 0.60770 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 532,960. 2016 AMOUNT: $ 231,553. 2017 AMOUNT: $ 498,281. 2018 AMOUNT: $ 252,130. 2019 AMOUNT: $ 93,459. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 103043563 4146597 4459328 832308 4217692 106599488 103395635 4957557 90371 878662 4521338 103043563 100780840 681995 5804773 759664 3112309 103395635 91422835 2238373 11219632 578900 3521100 100780840 93950196 3800952 -2228313 629273 3470727 91422835 0.57960 0.42040 0.00000 0 0 11391842 11391842 150623996 72680127 77943869 13315936 11831649 1484287 5120 5120 90825118 EQUITIES 42912247 F HEDGED EQUITY 17083922 F PRIVATE EQUITY 613334 F ABSOLUTE RETURN 16549350 F 77158853 LIABILITY UNDER SPLIT INTEREST 516322 INTEREST RATE SWAP 2124942 2641264 31182331 2050865 544310 2595175 28587156 547778 6337125 6884903 35472059 29821722 140793 140793 29680929 547778 6309620 6857398 36538327 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 140,793. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 398,445. LOSS ON ASSET DISPOSAL 5,072. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION 6,309,620. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 27,505. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAMPUS STORE EXPENSES 140,793. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION 6,309,620. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WESTMINSTER SCHOOL'S NONDISCRIMINATORY POLICY IS INCLUDED IN INTERNAL AND EXTERNAL COMMUNICATIONS, AND AT THE BOTTOM OF EVERY PAGE OF THE WEBSITE. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES RECRUITMENT OF STUDENTS 8597 EUROPE 0 0 PROGRAM SERVICES RECRUITMENT OF STUDENTS 18189 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 FUNDRAISING 13943 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 17641567 NORTH AMERICA 0 0 PROGRAM SERVICES RECRUITMENT OF STUDENTS 1250 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING 5749 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RECRUITMENT OF STUDENTS 21053 0 0 0 0 0 0 17710348 0 17710348 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 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 CONSULTING ON IN HOUSE FUNDRAISING 0 0 6660 0 KATHERINE DOUB 24 MOUNTAIN ARROW DRIVE CAMDEN ME 04843 FUNDRAISING CONSULTING 0 0 6555 0 13215 CT 1 TOWN OF SIMSBURY 933 HOPMEADOW STREET SIMSBURY CT 06070 SECTION 115 120000 0 CHARITABLE CONTRIBUTION 1 SCHOLARSHIPS 131 5546163 FMV TUITION ASSISTANCE SUPPLEMENTAL FINANCIAL AID 39 102307 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 369881 0 205 0 0 0 95000 0 46849 0 511935 0 0 0 JULIE COLLINS CHIEF FINANCIAL OFFICER 242407 0 205 0 0 0 30625 0 51196 0 324433 0 0 0 NANCY SPENCER ASSISTANT HEAD OF SCHOOL 169755 0 203 0 0 0 21875 0 52753 0 244586 0 0 0 NEWELL GRANT DIR OF ADVANCEMENT, ASST SECRETARY 154000 0 203 0 8380 0 29250 0 46152 0 237985 0 0 0 MILES E BAILEY DEAN OF ADMISSIONS 151920 0 203 0 0 0 19250 0 48232 0 219605 0 0 0 PETER SMITH MEDICAL DIRECTOR 154500 0 203 0 1838 0 16222 0 26884 0 199647 0 0 0 CAROL KIRSCH ASSISTANT BUSINESS MANAGER 146550 0 203 0 9515 0 18956 0 24485 0 199709 0 0 0 SHANNON E O'SHAUGHNESSY DIRECTOR OF ADVANCEMENT OPERATIONS 144000 0 203 0 0 0 29250 0 32152 0 205605 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 2015-04-30 5556000 REFUND SERIES D 0 0 0 C STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2015-08-19 10000000 CONSTRUCT DINING HALL & STUDENT AND FACULTY RESIDENCES 0 0 0 D STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 20774Y7P6 2019-04-11 9031319 REFUND SERIES F & SERIES G 0 0 0 A 1890000 21070686 344671 20726015 0 1 1 1 B 2539000 5556184 111103 5445081 1 0 1 1 C 10015935 131171 9884764 2017 0 0 1 1 D 9050798 3119 180543 8867136 1 0 1 1 A 1 1 0 0 0.00100 0.00000 0.00100 1 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 1 0 1 C 0 0 1 1 0 0.00400 0.00000 0.00400 1 0 1 D 0 0 0 0 0.01400 0.00000 0.01400 1 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORI DATE THE REBATE COMPUTATION WAS PERFORMED: 09/24/2019 ISSUER NAME: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORI DATE THE REBATE COMPUTATION WAS PERFORMED: 04/30/2020 PART II, LINE 3: THE DIFFERENCE BETWEEN THE BOND PRICE AND THE BOND PROCEEDS IS DUE TO INVESTMENT EARNINGS ON THE PROCEEDS. W THOMAS EARL FORMER EMPLOYEE MORTGAGE X 232000 174969 0 1 1 174969 JENNIFER PHILIP HEAD OF SCHOOL'S SPOUSE 35108 COMPENSATION PAID FOR MARKETING & EVENTS AND ATHLETIC COACHING. 0 ERIKA BREWER TRUSTEE'S SPOUSE 72827 COMPENSATION PAID AS DIRECTOR OF PARENT GIVING. 0 X 97 1632107 FMV X 1 OTC STOCK - 1350 SHARES INVESTOR AB IVSBF 1 66758 BIGCHARTS.COM/YAHOO 0 0 1 0 PART I, LINE 32B: PART 1 LINE 9 - PUBLICLY TRADED SECURITIES FROM 97 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 HEAD OF SCHOOL'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 HEAD OF SCHOOL - THE CHAIRMAN OF THE BOARD ANUALLY PERFORMS A PERFORMANCE REVIEW AND SETS GOALS WITH THE HEAD OF SCHOOL. 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 398,445. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -27,505. LOSS ON ASSET DISPOSAL 5,072. 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