2021-05-06T14:06:28-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2019-07-01 060646566 CANTERBURY SCHOOL INC CANT 8602103800 101 ASPETUCK AVENUE NEW MILFORD CT 06776 STEPHEN CARLETON BUSINESS MANAGER 8602103800 2021-05-01 1 LAURA J KENNEY P00202198 6177170831 2021-05-01 2019 2022-09-23 18:48:47Z RACHEL STONE 101 ASPETUCK AVENUE NEW MILFORD CT 06776 32557255 0 X WWW.CBURY.ORG X 1915 CT EDUCATIONAL ORGANIZATION 22 22 198 250 282693 0 9974619 7969953 18523992 18945215 500540 -107008 556995 404198 29556146 27212358 5135802 5120591 0 0 10822885 11012974 54180 1235 1478830 8548640 8017544 24561507 24152344 4994639 3060014 84044997 91620870 20617227 24773513 63427770 66847357 CANTERBURY IS A COLLEGE PREPARATORY, COEDUCATIONAL BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES 9-12. 0 0 18375991 5120591 18945215 INSTRUCTION OF APPROXIMATELY 328 STUDENTS IN GRADES 9-12, INCLUDING STUDENT SERVICES RELATED TO EDUCATION PROGRAMS, LODGING AND MEALS. 18375991 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 67 0 1 198 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X STEPHEN CARLETON BUSINESS MANAGER 8602103806 CANTERBURY SCHOOL 101 ASPETUCK AVE NEW MILFORD CT 06776 RACHEL STONE HEAD OF SCHOOL/TREASURER 40.00 X 302923 0 127521 PETER COTIER ASSOC HEAD OF SCHOOL/ASST SECRETARY 40.00 X 145111 0 130062 STEPHEN CARLETON BUSINESS MANAGER 40.00 X 181250 0 71480 MATTHEW MULHERN DIRECTOR OF ADMISSION 40.00 X 131607 0 100489 JOHN MOYLAN DIRECTOR OF FACILITIES 40.00 X 121295 0 28641 MATTHEW GLASER DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 121820 0 27793 JAMES STONE DIRECTOR OF ATHLETICS 40.00 X 117675 0 8393 JENNIFER LOPRINZO ASSOC DIR ADVANCEMENT/SR DIR ALUM RELATION 40.00 X 110008 0 7176 ROBERT STEERS PRESIDENT 1.00 X X 0 0 0 JOHN DONOVAN VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL CARRETTA SECRETARY 1.00 X X 0 0 0 DOROTHY ALPERT TRUSTEE 1.00 X 0 0 0 KEITH ANGELL TRUSTEE 1.00 X 0 0 0 CAROL LOVELL CARMODY TRUSTEE 1.00 X 0 0 0 KAREN CASEY TRUSTEE 1.00 X 0 0 0 HAROLD T CLARK III TRUSTEE 1.00 X 0 0 0 JAY CLARKE TRUSTEE 1.00 X 0 0 0 MATTHEW DWYER JR TRUSTEE 1.00 X 0 0 0 DOUGLAS FAMIGLETTI TRUSTEE 1.00 X 0 0 0 KEVIN FEE TRUSTEE 1.00 X 0 0 0 LAWRENCE P FISHER II TRUSTEE 1.00 X 0 0 0 SEAN FLANAGAN TRUSTEE 1.00 X 0 0 0 ANNA FLIK TRUSTEE 1.00 X 0 0 0 THEODORE HOLLANDER TRUSTEE 1.00 X 0 0 0 NANCY MULHEREN TRUSTEE 1.00 X 0 0 0 H NICHOLAS RAGLAND JR TRUSTEE 1.00 X 0 0 0 NICOLE D'AMOUR SCHNEIDER TRUSTEE 1.00 X 0 0 0 LAUREN J STEERS TRUSTEE 1.00 X 0 0 0 PETER J TUCKER TRUSTEE 1.00 X 0 0 0 NELL WILLIAMS TRUSTEE 1.00 X 0 0 0 1231689 0 501555 9 0 1 0 BURLINGTON CONSTRUCTION CO INC 450 NEW LITCHFIELD ST TORRINGTON CT 06790 CONSTRUCTION 8471587 THE SLAM COLLABORATIVE INC 80 GLASTONBURY BLVD GLASTONBURY CT 06033 ARCHITECT 331604 SUREPATH CONSTRUCTION SERVICES LLC PO BOX 9 MARLBORO NJ 07746 CONSTRUCTION 173692 TOWN OF NEW MILFORD 70 WEST RIVER STREET MILFORD CT 06460 FEES 119172 ALLIED UNIVERSAL SECURITY SERVICES 111 FOUNDERS PLAZA HARTFORD CT 06108 SECURITY SERVICE 113972 6 5350 7964603 5689020 7969953 TUITION 611710 18729965 18729965 MISC STUDENT CHARGES 611710 215250 215250 18945215 656365 10354 646011 96315 0 96315 96315 96315 4414466 5177839 -763373 -763373 -763373 53065 5350 21600 31465 31465 127437 145458 -18021 -18021 POOL RINK, FIELD HOUSE 713940 268750 268750 ALUMNI EVENT 713990 22100 22100 SUMMER CAMPS 713940 3589 3589 294439 27212358 18945215 282693 14497 5120591 5120591 990248 116032 808028 66188 127128 127128 7134696 5284661 1159302 690733 2193774 1769627 297344 126803 567128 391669 123584 51875 15396 15396 61812 61812 1235 1235 178777 178777 199071 69451 129620 171231 151760 19471 373553 109249 93414 170890 425597 310561 89210 25826 943939 788914 109013 46012 159440 102861 38439 18140 124771 61507 46774 16490 608729 547856 60873 2225114 1891347 222511 111256 350562 262922 87640 PLANT COSTS 651557 472692 176456 2409 INCIDENTALS 410108 273309 97972 38827 FOOD SERVICE COSTS 339145 339145 0 0 LOSS BOND REFUNDING 268275 0 268275 0 510467 336469 81323 92675 24152344 18375991 4297523 1478830 12150796 11977279 5785235 1888731 418781 430721 99223 103817 517838 449451 79657002 36670798 34305997 42986204 16417930 18349219 14349197 15435448 84044997 91620870 898455 1754443 2193621 1421643 16784818 18980670 301034 275437 1934800 439299 406520 20617227 24773513 X 19157170 18632875 44270600 48214482 63427770 66847357 84044997 91620870 3060014 359573 0 X X 0 1 X 1 0 X 5636522 3202405 11235057 9974619 7969953 38018556 5636522 3202405 11235057 9974619 7969953 38018556 17808357 20210199 556093 483244 739674 595024 742326 3116361 41627 94369 79234 55150 50153 320533 81966 81966 41537416 70422485 0.48660 0.50870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30735586 1610891 262463 477206 522794 176407 31432533 31124377 967002 1178491 755213 1594787 184284 30735586 31377854 751408 1638040 730070 1769930 142925 31124377 28876963 3225280 2080624 2700000 105013 31377854 28196828 5035721 -1238323 3000000 117263 28876963 0.20300 0.79700 0.00000 0 0 2079063 2079063 56102035 32150735 23951300 3337452 2880327 457125 18138452 1639736 16498716 42986204 HEDGE FUND 13122718 F SPLIT-INTEREST AGREEMENTS 2312730 F 15435448 LIABILITY UNDER SPLIT INTEREST AGREEMENTS 406520 406520 22418021 359573 145458 505031 21912990 178777 5120591 5299368 27212358 18998434 145458 145458 18852976 178777 5120591 5299368 24152344 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUND IS TO SUPPORT THE CURRENT AND FUTURE OPERATIONS OF THE SCHOOL THROUGH THE DISBURSEMENT TO THE SCHOOL'S OPERATING FUND OF A PORTION OF THE ENDOWMENT'S INTEREST, DIVIDENDS, AND REALIZED AND UNREALIZED CAPITAL GAINS. THE LEVEL OF THOSE DISBURSEMENTS, KNOWN AS THE "SPENDING RATE", FROM THE ENDOWMENT TO THE OPERATING FUND IS DETERMINED BY THE BOARD OF TRUSTEES. ALL ENDOWMENT RETURNS IN EXCESS OF THOSE DISBURSED TO THE OPERATING FUND ARE REINVESTED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 145,458. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,120,591. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 145,458. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,120,591. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CANTERBURY SCHOOL ADVERTISES ITS POLICY OF NONDISCRIMINATION ON THE BASIS OF RACE, RELIGION, NATIONAL ORIGIN, GENDER OR SEXUAL ORIENTATION ON ITS WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 6 DURING FISCAL YEAR ENDED JUNE 30, 2020 THE SCHOOL RECEIVED A PAYCHECK PROTECTION PLAN LOAN GRANTED BY THE U.S. DEPARTMENT OF TREASURY THROUGH THE SMALL BUSINESS ADMINISTRATION UNDER THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT (CARES ACT.) FALL BENEFIT AUCTION 58415 5350 53065 7737 7903 5960 58415 5350 53065 7737 7903 5960 21600 31465 1 FINANCIAL AID FOR TUITION 179 5120591 BOOK FINANCIAL ASSISTANCE PART I, LINE 2: FINANCIAL AID IS PROVIDED THROUGH A REDUCTION OF THE TUITION CHARGES AND IS AWARDED ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 RACHEL STONE HEAD OF SCHOOL/TREASURER 302923 0 0 0 0 0 34234 0 93287 0 430444 0 0 0 PETER COTIER ASSOC HEAD OF SCHOOL/ASST SECRETARY 145111 0 0 0 0 0 14511 0 115551 0 275173 0 0 0 STEPHEN CARLETON BUSINESS MANAGER 181250 0 0 0 0 0 10875 0 60605 0 252730 0 0 0 MATTHEW MULHERN DIRECTOR OF ADMISSION 131607 0 0 0 0 0 7896 0 92593 0 232096 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. CERTAIN OTHER HIGHLY COMPENSATED EMPLOYEES ARE ALSO PROVIDED ON CAMPUS HOUSING. THE VALUE OF THE HOUSING IS REPORTED AS NONTAXABLE IN SCHEDULE J, PART II, COLUMN (D). CLEANING SERVICES PROVIDED FOR THE HEAD OF SCHOOL RESIDENCE USED FOR SCHOOL BUSINESS PURPOSES IS NOT TREATED AS TAXABLE INCOME, BUT PERSONAL CLEANING SERVICES WERE TREATED AS TAXABLE. THE HEAD OF SCHOOL WAS ALSO PROVIDED SOCIAL CLUB INITIATION FEES AND DUES. THE CLUB WAS USED SOLELY FOR SCHOOL BUSINESS PURPOSES IN FISCAL YEAR ENDED JUNE 30, 2020. DUES WERE NOT TREATED AS TAXABLE INCOME, BUT INITIATION FEES WERE DEEMED TAXABLE. A CHEFA 060806186 2020-01-30 19122000 PRIMARILY REFINANCING OF SERIES C AND D BOND ISSUANCES ALONG W/ NEW PROJECTS 0 0 0 A 19122000 142475 1918320 17061205 2020 1 0 1 1 A 0 1 0 0 0.00000 0.00750 0.00750 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 JAMES STONE SPOUSE OF HEAD OF SCHOOL 127128 EMPLOYMENT 0 X 33 5689020 FMV 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF SHARES DONATED. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES ROBERT STEERS AND LAUREN STEERS ARE MARRIED AND HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B AGENDAS ARE KEPT AS A RECORD OF THE COMMITTEES' ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY TAX ADVISORS OF AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. THERE IS A SUBSET OF THE AUDIT COMMITTEE INCLUDING THE CHAIR OF THE AUDIT COMMITTEE, THE VICE PRESIDENT OF THE BOARD AND AN ADDITIONAL TRUSTEE, THAT REVIEWS AND APPROVES THE FORM 990. THE FORM 990 IS THEN PROVIDED TO ALL VOTING MEMBERS OF THE BOARD BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST QUESTIONNAIRES ARE CIRCULATED TO THE TRUSTEES ANNUALLY AND MAINTAINED BY THE HEAD OF SCHOOL'S ASSISTANT. EMPLOYEES ARE BOUND BY A CONFLICT OF INTEREST POLICY INCLUDED IN THE EMPLOYEE HANDBOOK. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL WAS ORIGINALLY SET BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WITH INPUT FROM AN OUTSIDE PLACEMENT CONSULTANT, COMPARABLE DATA FROM OTHER SCHOOLS OF SIMILAR SIZE AND A SURVEY OF MARKET CONDITIONS. THE BOARD OF TRUSTEES COMPENSATION COMMITTEE REVIEWS CURRENT DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND OTHER INFORMATION AND ADJUSTS THE HEAD OF SCHOOL'S COMPENSATION PACKAGE ANNUALLY. THE COMPENSATION DELIBERATIONS AND DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE TO THE OVERSIGHT PROCESS OF THE FINANCIAL STATEMENT AUDIT IN THE CURRENT YEAR. CHARITABLE REMAINDER TRUSTS (6) SPLIT INTEREST AGREEMENTS CT CANTERBURY SCHOOL T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0