2020-05-14T13:12:29-05:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2018-07-01 381360536 UNIVERSITY LIGGETT SCHOOL UNIV 3138844444 1045 COOK ROAD GROSSE POINTE WOODS MI 482362590 ANCA MITCHELL DIRECTOR OF FINANCE 3138844444 2020-05-13 1 TROY E MARINE CPA P00187863 4147775500 2020-05-13 104.190.122.166 2020-05-13 22:42:08 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F6719D0144B06E6FC05F7FF323A3B40607EDAFB2 2018 2020-09-23 17:36:50Z ANCA MITCHELL 1045 COOK ROAD GROSSE POINTE WOODS MI 482362590 22444040 0 X WWW.ULS.ORG X 1923 MI ELEMENTARY & SECONDARY EDUCATION: PRE-SCHOOL THROUGH GRADE 12, CO-ED, COLLEGE PREPARATORY EDUCATION FOR 292 BOYS AND 305 GIRLS. STUDENTS OF COLOR COMPRISE 30% OF THE SCHOOL POPULATION. THE SCHOOL'S MISSION IS TO PROVIDE A FOUNDATION OF ACADEMIC EXCELLENCE IN A DIVERSE EDUCATIONAL ENVIRONMENT. FINANCIAL AID AWARDS ARE GRANTED TO 32% OF THE STUDENT POPULATION. 24 24 273 62 0 26393 3525090 3394961 14327985 15264120 4154722 1026942 652278 653265 22660075 20339288 2947140 3997995 0 0 11744882 12419735 44000 36550 1361074 5396876 5998525 20132898 22452805 2527177 -2113517 54130737 54977729 14389747 16912217 39740990 38065512 X OUR MISSION IS TO EMPOWER STUDENTS TO DEVELOP INTELLECTUAL CURIOSITY, LEADERSHIP AND CONFIDENCE TO CONTRIBUTE TO A COMPLEX AND CHANGING WORLD. WE CHALLENGE STUDENTS TO EXCEL AND TO ACHIEVE THEIR HIGHEST POTENTIAL. WE CREATE OPPORTUNITIES FOR DISCOVERY AND ACHIEVEMENT BY DEVELOPING A FACULTY WHO FOSTER THE STRENGTHS OF EACH STUDENT THROUGH THE CURRICULUM FOR UNDERSTANDING. WE TEACH AND PRACTICE THE VALUES OF RESPECT AND RESPONSIBILITY IN AN EMOTIONALLY AND PHYSICALLY SAFE ENVIRONMENT. 0 0 18580323 3997995 15264120 AT THE CENTER OF THAT BELIEF IS LIGGETT'S CURRICULUM, WHICH ALLOWS STUDENTS TO DRIVE THE PROCESS OF THEIR OWN ACADEMIC GROWTH. FROM PRE-K3 THROUGH 12TH GRADE, STUDENTS BECOME ACTIVE PARTICIPANTS IN THEIR LEARNING EXPERIENCE. THEY DISCOVER THEIR PASSIONS. THEY UNCOVER QUESTIONS. THEY PROPOSE ANSWERS. AND, IN DOING SO, THEY TURN INFORMATION INTO UNDERSTANDING. THIS FORWARD-THINKING APPROACH ALLOWS STUDENTS TO APPLY THEIR LEARNING, ABSORB IT AND THEN DEMONSTRATE WHAT THEY HAVE LEARNED, BOTH INSIDE THE CLASSROOM AND OUT. OUR GUIDING PHILOSOPHY COMPRISES FIVE CORE TENETS - CRITICAL THINKING, CREATIVITY, TEAMWORK, ADAPTABILITY AND UNIVERSALISM. BEGINNING IN PREKINDERGARTEN, THE CURRICULUM COVERS THREE PHASES OF LEARNING AND DEVELOPMENT IN THE LOWER, MIDDLE AND UPPER SCHOOLS. 18580323 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 14 3 1 273 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X ANCA MITCHELL 3138844444 1045 COOK ROAD GROSSE POINTE WOODS MI 482362590 CONNIE AHEE TRUSTEE 10.00 X 0 0 0 GLORIA BUTLER MILLER TRUSTEE 10.00 X 0 0 0 KENNETH A FRUEHAUF TRUSTEE 10.00 X 0 0 0 LOUANA GHAFARI SECRETARY - TRUSTEE 10.00 X X 0 0 0 JASON PATRICK HALL TRUSTEE 10.00 X 0 0 0 TOMASINE MARX TREASURER - TRUSTEE 10.00 X X 0 0 0 JAMES MESTDAGH TRUSTEE 10.00 X 0 0 0 MATTHEW MOROUN TRUSTEE 10.00 X 0 0 0 DAVID NICHOLSON PRESIDENT - TRUSTEE 10.00 X X 0 0 0 THOMAS ROBINSON TRUSTEE 10.00 X 0 0 0 SHEMA SPIVEY TRUSTEE 10.00 X 0 0 0 JOHN W STROH III PRESIDENT EMERITUS - TRUSTEE 10.00 X X 0 0 0 ANNE WIDLAK VICE PRESIDENT - TRUSTEE 10.00 X X 0 0 0 JAY FITZGERALD TRUSTEE 10.00 X 0 0 0 PATRICK MANSFIELD TRUSTEE 10.00 X 0 0 0 WILLIAM BRUSILOW TRUSTEE 10.00 X 0 0 0 J LEWIS COOPER III TRUSTEE 10.00 X 0 0 0 ANTHONY ALCANTARA TRUSTEE 10.00 X 0 0 0 AIMEE COWHER TRUSTEE 10.00 X 0 0 0 KAREN FOX TRUSTEE 10.00 X 0 0 0 RICHARD DAHLING TRUSTEE 10.00 X 0 0 0 REBECCA D'ARCY O'REILLY TRUSTEE 10.00 X 0 0 0 SAVARIOR MOSS-SERVICE TRUSTEE 10.00 X 0 0 0 MARCIE LEE TAYLOR TRUSTEE 10.00 X 0 0 0 CHRISTIAN BRONK HEAD OF SCHOOL 60.00 X 266858 0 84684 KELLEY HAMILTON DIRECTOR OF DEVELOPMENT 60.00 X 183412 0 71576 MARGARET DETTLINGER ASSC. HEAD OF LOWER SCHOOL 60.00 X 141296 0 9436 PHILLIP MOSS DEPARTMENT CHAIR CREATIVE & PERFORMING ARTS 60.00 X 110499 0 20258 ROBERT BUTLER ASSC. HEAD OF MIDDLE SCHOOL 60.00 X 130282 0 64088 STEPHEN DUNN ASSC. HEAD OF UPPER SCHOOL 60.00 X 134108 0 42608 STEPHANIE SIKORA DIRECTOR OF ENROLLMENT MANAGEMENT 60.00 X 109040 0 93189 1075495 0 385839 8 0 1 0 BRAUN CONSTRUCTION GROUP 39395 W 12 MILE RD SUITE 100 FARMINGTON HILLS MI 48331 CONSTRUCTION GROUP 3128130 BDH CATERING INC 1045 COOK ROAD GROSS POINTE WOODS MI 482362509 FOOD SERVICE CATERING 804366 CBTS 1095 CROOKS ROAD SUITE 100 TROY MI 48084 AUDIO VISUAL 356765 ABM PO BOX 74008829 CHICAGO IL 606748829 BUILDING AND CUSTODIAL MANAGER 301319 BLACKBAUD PO BOX 930256 ATLANTA GA 311930256 SOFTWARE COMPANY 135920 5 45975 3348986 216856 3394961 TUITION REVENUE 611110 14436229 14436229 SCHOOL LUNCH REVENUE 611110 733731 733731 SCHOOL BOOKSTORE 611600 50106 50106 TRANSPORTATION & OTHER 611600 32884 32884 11170 11170 15264120 1001285 1001285 312076 231287 80789 80789 80789 1800000 700 1775043 0 24957 700 25657 25657 248612 45975 98422 150190 150190 SUMMER CAMP 611430 345410 345410 MISCELLANEOUS REVENUE 611110 45162 45162 AFTER SCHOOL CARE 611600 31714 31714 422286 20339288 15264120 0 1680207 3997995 3997995 606530 166371 166371 273788 7760141 6616492 836797 306852 3462989 2416839 758215 287935 590075 438211 113167 38697 -851 -851 37700 37700 36550 36550 28522 28522 67403 59623 7780 149839 149839 1136198 819104 66314 250780 388441 369218 19223 86647 62174 3129 21344 555558 489020 52315 14223 2079257 1830229 195796 53232 141136 124233 13290 3613 TAX PAID 5543 5543 SCHOOL LUNCH PROGRAM 704134 619801 66306 18027 CONSULTANTS 580989 514540 18196 48253 SUMMER PROGRAMS 56473 56473 -18464 -18464 22452805 18580323 2511408 1361074 773549 1938278 1928162 2541223 2304831 130247 47322 15409 43118 84772 266403 49178469 24738895 23335815 24439574 25179145 25696026 142415 242177 54130737 54977729 3245161 1312531 1623311 1950114 24984 4657 9173930 13414754 322361 230161 14389747 16912217 X 11922126 15935425 9941909 0 17876955 22130087 39740990 38065512 54130737 54977729 X -2113517 227700 210339 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 25321560 3555211 1236999 3997995 290229 25825546 24803524 2614493 1029398 2947140 178715 25321560 23158923 2534528 2755445 3427074 218298 24803524 24210995 3154991 -638227 3324190 244646 23158923 24113045 3632802 -84852 3415058 34942 24210995 0.22000 0.68000 0.10000 1 0 203124 203124 41777023 21028061 20748962 7198322 3710834 3487488 24439574 CONDITIONAL ASSET RETIREMENT OBLIGATION 230161 230161 X 17114269 227700 33750 540048 801498 16312771 28522 3997995 4026517 20339288 18789747 33750 329709 363459 18426288 28522 3997995 4026517 22452805 PART IV, LINE 2B: STUDENT ACTIVITY DETAIL PART V, LINE 4: TO SUPPORT FACULTY TEACHING AND INCREASE AFFORDABILITY FOR STUDENTS. PART X, LINE 2: THE SCHOOL HAS RECEIVED NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST RATE SWAP GAIN 210,339. RENTAL EXPENSES 231,287. FUNDRAISING EXPENSES 98,422. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 3,997,995. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 231,287. FUNDRAISING EXPENSES 98,422. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 3,997,995. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 COPIES OF ALL DISPLAY ADVERTISEMENTS AND TEXT COPY OF RADIO & TV ADVERTISEMENTS ARE RETAINED IN THE ADMISSIONS AND PUBLICATIONS OFFICE AT 1045 COOK ROAD, GROSSE POINTE WOODS, MI. ALL ITEMS ARE AVAILABLE FOR PUBLIC INSPECTION DURING REGULAR BUSINESS HOURS. THE SCHOOL CONTINUES TO MEET CRITERIA OF REV PROC 75-50, 1975-2, C-B 586 4 03 (2)(C) X X X X X X 1 COBBLESTONE SOLUTIONS LLC 29488 WOODWARD STE 241 ROYAL OAK MI 48073 PROFESSIONAL FUNDRAISING CONSULTANT FOR CAMPAIGN 0 1237511 23100 1214411 LITTLE IDEAS LLC 1834 NORWOOD GROSSE POINTE WOODS MI 48236 PROFESSIONAL FUNDRAISING CONSULTANT FOR NON-GOVERNMENTAL GRA 0 50000 13450 36550 1287511 36550 1250961 LIGGETT KNIGHT 234167 45975 188192 90749 SPRING RAFFLE 60420 60420 7673 294587 45975 248612 98422 98422 150190 1 SEE SCHEDULE I, PART IV 195 3997995 PART I, LINE 2: ASSISTANCE DECISIONS ARE BASED UPON A FAMILY'S ABILITY TO PAY FOR THE COST OF EDUCATION. PARENTS ARE EXPECTED TO CONTRIBUTE TOWARD TUITION CHARGES UP TO THE EXTENT THEY ARE CAPABLE, AND WE EXPECT ALL FAMILIES WILL CONTRIBUTE SOME PORTION OF THE COST OF THEIR CHILD'S EDUCATION. ULS USES THE SERVICES OF THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS), IN PRINCETON NEW JERSEY, TO DETERMINE THE PARENTS' EXPECTED CONTRIBUTION TOWARD TUITION CHARGES. FAMILIES APPLYING FOR AID MUST FILE A PARENTS' FINANCIAL STATEMENT (PFS) WITH SSS. IN MAKING A FA AWARD, ULS REVIEWS THE REPORT OF FINANCIAL NEED WHICH IS PROVIDED BY SSS, ALTERS ITS DETERMINATION WHERE APPROPRIATE AND ATTEMPTS TO FUND A SIGNIFICANT PORTION OF THE DIFFERENCE BETWEEN TUITION AND THE PARENTS' EXPECTED CONTRIBUTION. FA AWARDS CARRY NO OBLIGATION TO BE REPAID BY THE FAMILY RECEIVING THE AWARD. STUDENTS ON FINANCIAL ASSISTANCE ARE EXPECTED, LIKE ALL STUDENTS AT ULS, TO MAINTAIN A HIGH ACADEMIC AVERAGE, TO BE GOOD CITIZENS OF THE SCHOOL COMMUNITY, AND TO CONTRIBUTE TO THE SCHOOL'S EXTRACURRICULAR ACTIVITIES. FA IS AWARDED ON A YEARLY BASIS AND FAMILIES MUST FILE A PFS EVERY YEAR THEY DESIRE ASSISTANCE. PURPOSES OF THE FINANCIAL ASSISTANCE PROGRAM (FAP): TO SUPPORT THE MISSION OF THE SCHOOL IN ATTRACTING A DIVERSE AND TALENTED STUDENT BODY; TO ENHANCE THE SCHOOL'S ENVIRONMENT BY ENABLING STUDENTS FROM DIVERSE ECONOMIC AND CULTURAL BACKGROUNDS TO ENROLL; TO ASSIST FAMILIES WITH THE INCREASING BURDEN OF TUITION FOR TWO OR MORE CHILDREN; TO MAKE IT POSSIBLE FOR ULS TO SEEK OUT PROSPECTIVE STUDENTS OF THE GREATEST POTENTIAL AND PROMISE ELIGIBILITY FOR FA AWARDS: A) CANDIDATES MUST MEET ALL ADMISSION REQUIREMENTS AND BE APPROVED BY THE ADMISSION COMMITTEE WITHOUT REGARD TO ECONOMIC STATUS. B) ESTABLISHED FINANCIAL NEED, AS SHOWN BY THE SSS APPLICATION AND MOST RECENT 1040 TAX RETURN. C) STUDENTS ENTERING GRADES SIX THROUGH 12 ARE ELIGIBLE TO APPLY FOR FINANCIAL ASSISTANCE. FAMILIES WITH STUDENTS IN LOWER GRADES MAY APPLY IF TEMPORARY OR EXTENUATING CIRCUMSTANCES DICTATE FINANCIAL NEED. D) CANDIDATES SHOULD POSSESS THE PERSONAL QUALIFICATIONS THAT PREDICT A SATISFACTORY SOCIAL ADJUSTMENT TO ULS AND AN ABILITY AND DESIRE TO USE THE SCHOOL'S PREPARATION FOR FURTHER EDUCATION. E) THE CANDIDATE AND HIS/HER PARENTS MUST BE IN GOOD STANDING WITH THE SENDING SCHOOL. PROCEDURES FOR AWARDING FA: A) IN ADDITION TO ALL OTHER REQUIREMENTS FOR ADMISSION, A PARENT'S FINANCIAL STATEMENT MUST BE SUBMITTED TO THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID. THIS APPLICATION REQUESTS INFORMATION PERTAINING TO THE FAMILY'S ABILITY TO PAY FOR INDEPENDENT EDUCATION B) THE FAMILY MUST SUPPLY THE DIRECTOR OF ADMISSIONS AND FA WITH THE PRECEDING YEAR'S TAX FORMS. THESE FORMS ARE USED TO VERIFY INFORMATION SUPPLIED ON THE SSS APPLICATION AND IDENTIFY EXTENUATING CIRCUMSTANCES. C) ONCE ALL REQUIRED MATERIALS ARE SUBMITTED AND THE FAMILY HAS DEMONSTRATED NEED, ULS OFFERS A FA AWARD. TYPICALLY, AWARDS RANGE FROM 60 TO 80 PERCENT OF THE FAMILY'S DEMONSTRATED NEED, AND NO MORE THAN 80 PERCENT OF THE TUITION COST. FINANCIAL ASSISTANCE RENEWALS: A) STUDENTS RECEIVING FA MUST MEET THE PUBLISHED ACADEMIC AND CITIZENSHIP REQUIREMENTS OF THEIR DIVISION TO BE ELIGIBLE FOR RENEWAL. B) THE STUDENT'S ATTITUDE TOWARD AND GENERAL CONTRIBUTION TO THE SCHOOL AND HIS/HER WILLINGNESS TO ACHIEVE TO THE BEST OF HIS/HER ABILITY ARE IMPORTANT CONSIDERATIONS IN THE RENEWAL PROCESS. C) UNLESS A FAMILY'S FINANCIAL SITUATION HAS CHANGED SIGNIFICANTLY WITHIN THE PAST YEAR, THEY MAY EXPECT TO RECEIVE A SIMILAR AWARD. D) THE PARENTS' SUPPORT OF AND COOPERATION WITHIN THE SCHOOL COMMUNITY ARE ALSO AN IMPORTANT CONSIDERATION IN THE RENEWAL PROCESS. E) FAMILIES MUST REAPPLY FOR FA EACH YEAR. RETURNING STUDENTS REQUESTING ASSISTANCE FOR THE FIRST TIME: A)THE FA OFFICE ACCEPTS APPLICATIONS FROM FAMILIES WHO HAVE NOT RECEIVED FINANCIAL ASSISTANCE IN THE PAST. B) IF IT IS POSSIBLE TO MEET THE FAMILY'S FINANCIAL NEED WITHOUT EXCEEDING THE BUDGETED FUNDS FOR RETURNING FAMILIES. C) IF IT IS NOT POSSIBLE TO MEET THE FAMILY'S FINANCIAL NEED, ULS MAY OFFER LESS THAN THE FAMILY QUALIFIES FOR OR WE MAY PLACE THE STUDENT'S NAME ON A WAITING LIST FOR FINANCIAL AID THAT MAY BECOME AVAILABLE DURING THE SPRING OR SUMMER MONTHS. D) IT IS OUR EXPECTATION THAT FAMILIES WHO BEGIN AT ULS PAYING THE FULL TUITION WILL CONTINUE TO DO SO, UNLESS THE ENROLLMENT OF MULTIPLE SIBLINGS OR UNFORESEEN CIRCUMSTANCES MAKE THAT IMPOSSIBLE. ADMISSION ACCEPTANCE AND FINANCIAL ASSISTANCE AWARDS: A) ALTHOUGH THE ADMISSION APPLICATION AND FINANCIAL APPLICATION PROCESSES OCCUR SIMULTANEOUSLY APPLICANTS FOR ADMISSION TO ULS ARE REVIEWED ON A NEED-BLIND BASIS. B) ONCE ACCEPTED, APPLICANTS DEMONSTRATING FINANCIAL NEED WILL BE OFFERED A FINANCIAL ASSISTANCE AWARD FOR THE UPCOMING SCHOOL YEAR. THE STUDENT'S ENROLLMENT AT ULS WILL DEPEND UPON THE FAMILY'S ACCEPTANCE OF THE FA AWARD AND WILLINGNESS TO PAY THE REMAINING AMOUNT OF TUITION. C) IF THE DEMONSTRATED FINANCIAL NEED OF ACCEPTED APPLICANTS EXCEEDS THE BUDGETED AMOUNTS FOR NEW STUDENTS, SOME STUDENTS WILL BE PLACED ON A WAITING LIST FOR FA. D) IN NO CASE WILL AN APPLICANT FOR ULS BE DENIED ADMISSION BECAUSE OF FINANCIAL NEED. E) ALTHOUGH IT IS EXTREMELY DIFFICULT FOR A FAMILY TO RECEIVE AN ACCEPTANCE LETTER AND A LETTER DENYING FA OR ONE WHICH PLACES THE STUDENT ON THE FA WAITING LIST, WE CANNOT PRESUME THAT A FAMILY WILL NOT BE ABLE TO FIND ANOTHER WAY TO ATTEND ULS. FINANCIAL AID WAITING LIST: A) THE FA WAITING LIST IS NOT RANKED; ASSISTANCE AWARDS MADE FROM THE WAITING LIST WILL BE MADE ACCORDING TO ULS' ENROLLMENT NEEDS. CONSIDERATION IS ALSO GIVEN TO THE CURRENT DISTRIBUTION OF FINANCIAL AID BY GRADE. B) FUNDS MAY BECOME AVAILABLE ANYTIME BETWEEN APRIL 10 AND THE BEGINNING OF SCHOOL IN SEPTEMBER. C) FAMILIES ARE NOT REQUIRED TO SUBMIT AN ENROLLMENT AGREEMENT AND DEPOSIT IN ORDER TO REMAIN ON THE WAITING LIST. HOWEVER, ULS CANNOT GUARANTEE THAT A PLACE WILL BE AVAILABLE IF AND WHEN ASSISTANCE BECOMES AVAILABLE. D) IF A FAMILY ON THE FA WAITING LIST WISHES TO SUBMIT A SIGNED ENROLLMENT AGREEMENT AND DEPOSIT IN ORDER TO RESERVE A SPACE FOR THEIR CHILD, THEY MAY DO SO. HOWEVER, IT MUST BE UNDERSTOOD THAT UNDER THESE CIRCUMSTANCES, THE FAMILY IS RESPONSIBLE FOR THE ENTIRE TUITION SHOULD NO FA BECOME AVAILABLE FOR THEM AT A LATER DATE. SEPARATED AND DIVORCED PARENTS: A) FA AT ULS IS BASED ON NEED, NOT ON A WILLINGNESS OR UNWILLINGNESS TO PAY. IT IS OUR BELIEF THAT DIVORCED OR SEPARATED PARENTS RETAIN THE OBLIGATION TO CONTRIBUTE TO THE EDUCATION OF THEIR CHILDREN WHETHER OR NOT THERE IS A LEGAL AGREEMENT BETWEEN THEM TO DO SO. B) ULS DOES NOT STRICTLY ADHERE TO A DIVORCE SETTLEMENT'S STIPULATION WHICH OUTLINES THE EXACT AMOUNT EACH PARENT MUST CONTRIBUTE TOWARD EDUCATIONAL COSTS, OR WHICH PARENT IS RESPONSIBLE FOR HOW LONG. INSTEAD, WE REQUIRE EACH PARENT TO CONTRIBUTE AS MUCH AS OUR CALCULATIONS SHOW THEY CAN AFFORD. THIS AMOUNT MAY BE MORE, OR LESS, THAN THE AMOUNT GIVEN IN THE COURT'S DECISION. C) THE RESOURCES OF BOTH NATURAL PARENTS ARE CONSIDERED IN CASES WHERE A DIVORCE A SEPARATION HAS TAKEN PLACE. THE AVAILABILITY OF COMPLETE INFORMATION FROM BOTH PARENTS IS ESSENTIAL TO ASSURE FAIR ASSESSMENT OF THE FAMILY CONTRIBUTION. D) A FINANCIAL STATEMENT FOR PARENTS WHO ARE SEPARATED OR DIVORCED MUST BE SUBMITTED BY THE NON-CUSTODIAL PARENT IN CASES WHERE THE PARENT IS ACTIVELY INVOLVED IN THE STUDENT'S LIFE. E) LACK OF FA APPLICATIONS OR COPIES OF 1040 TAX FORMS FROM EITHER NATURAL PARENT MAY RESULT IN NO FA BEING AWARDED. F) THE DIRECTOR OF ADMISSION MAY WAIVE THE REQUIREMENT OF FINANCIAL INFORMATION FROM THE NON-CUSTODIAL PARENT WHEN THE NONCUSTODIAL PARENT'S WHEREABOUTS IS UNKNOWN OR WHEN THE NON-CUSTODIAL PARENT HAS GIVEN NO FINANCIAL SUPPORT TO THE STUDENT FOR SEVERAL YEARS AND HAS MADE NO CONTACT WITH THE STUDENT DURING THIS TIME. G) IF EITHER OF THE NATURAL PARENTS REMARRIES, ULS WILL TAKE INTO CONSIDERATION THE OBLIGATIONS OF THE PARENT TO HIS OR HER NEW FAMILY. WE WILL INCLUDE IN THE CALCULATIONS THE RESOURCES OF THE STEPPARENT, KEEPING IN MIND THE OBLIGATION OF THE STEPPARENT TO HIS OR HER NATURAL CHILDREN. PROCEDURES OBTAIN A PARENTS' FINANCIAL STATEMENT (PFS) FROM THE SCHOOL'S ADMISSIONS OFFICE: PFS FORMS ARE MAILED TO ULS FAMILIES CURRENTLY RECEIVING FA AND APPLICANTS IN JANUARY. CAREFULLY COMPLETE THE PFS AND SEND IT WITH THE APPROPRIATE FEE TO SSS IN PRINCETON, NEW JERSEY. SUPPLY THE ADMISSIONS OFFICE WITH A COPY OF IRS FORM 1040 AND RELATED SCHEDULE. IF APPLICABLE, THE STUDENT'S NONCUSTODIAL PARENT MUST FILE A FINANCIAL STATEMENT FOR PARENTS WHO ARE SEPARATED OR DIVORCED IN ADMISSION OFFICE. DEADLINES: MARCH 1 FOR RENEWALS; APRIL 1 FOR NEW APPLICATIONS. REQUESTS RECEIVED AFTER THESE DATES ARE SUBJECT TO AVAILABLE FUNDS: APRIL 15, 1970, NOVEMBER 1, 1996. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 CHRISTIAN BRONK HEAD OF SCHOOL 263858 0 0 0 3000 0 16095 0 68589 0 351542 0 0 0 KELLEY HAMILTON DIRECTOR OF DEVELOPMENT 180124 0 0 0 3288 0 12420 0 59156 0 254988 0 0 0 MARGARET DETTLINGER ASSC. HEAD OF LOWER SCHOOL 141296 0 0 0 0 0 8748 0 688 0 150732 0 0 0 ROBERT BUTLER ASSC. HEAD OF MIDDLE SCHOOL 130282 0 0 0 0 0 8045 0 56043 0 194370 0 0 0 STEPHEN DUNN ASSC. HEAD OF UPPER SCHOOL 134108 0 0 0 0 0 8569 0 34039 0 176716 0 0 0 STEPHANIE SIKORA DIRECTOR OF ENROLLMENT MANAGEMENT 109040 0 0 0 0 0 7170 0 86019 0 202229 0 0 0 PART I, LINE 1A HEALTH, SOCIAL CLUB OR INITIATION FEES AS A CONTRACTUAL CONDITION OF EMPLOYMENT. PART I, LINE 1B THE HEAD OF SCHOOL'S SALARY IS APPROVED BY THE EXECUTIVE COMMITTEE. X 11 216856 FMV 0 1 1 PART I, LINE 32B: INVESTMENTS ARE PUBLICALLY TRADED AND SOLD THROUGH MORGAN STANLEY SMITH BARNEY. FORM 990, PART VI, SECTION A, LINE 1 IN THE ABSENCE OF LIMITATIONS IMPOSED BY THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL THE POWERS OF THE BOARD WITH REGARD TO THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE SCHOOL WHEN THE BOARD IS NOT IN SESSION; REPORT ANY ACTION SO TAKEN TO THE BOARD; AND REPORT TO THE BOARD AT EVERY ANNUAL OR REGULAR MEETING THE PROCEEDINGS AND ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SINCE THE LAST BOARD MEETING. THE EXECUTIVE COMMITTEE SHALL NOT (A)BUY, SELL, OR OTHERWISE DISPOSE OF ASSETS OF THE SCHOOL HAVING VALUE IN EXCESS OF ONE HUNDRED THOUSAND DOLLARS ($100,000), WITHOUT FIRST OBTAINING AUTHORIZATION FROM A MAJORITY OF THE BOARD AT A REGULAR OR SPECIAL MEETING; (B)TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OR THE BYLAWS; (C)TAKE ANY ACTION THAT HAS BEEN RESERVED TO THE BOARD BY BOARD ACTION; (D)REMOVE OR APPOINT THE HEAD; OR (E)DISPOSE OF ANY REAL PROPERTY. THE EXECUTIVE COMMITTEE MAY FORMULATE FURTHER RULES AND REGULATIONS REGARDING THE CONDUCT OF ITS BUSINESS. THE SECRETARY SHALL DISTRIBUTE OR CAUSE TO BE DISTRIBUTED THE MINUTES OF THE MEETINGS OF THE EXECUTIVE COMMITTEE TO ALL TRUSTEES AFTER EACH COMMITTEE MEETING. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT, VICE PRESIDENT, SECRETARY AND TREASURER AND THE CHAIRPERSONS OF THE VARIOUS STANDING COMMITTEES OF THE BOARD. A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A QUORUM, BUT THE AFFIRMATIVE VOTE OF THE MAJORITY OF THE WHOLE COMMITTEE SHALL BE NECESSARY TO APPROVE ANY ACTION. THE PRESIDENT SHALL SERVE AS CHAIRMAN OF THE EXECUTIVE COMMITTEE. ALL MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE ENTITLED TO VOTE. EXECUTIVE COMMITTEE MEMBERS: -DAVID NICHOLSON -ANNE WIDLAK -TOMASINE MARX -JAY FITZGERALD -LOUANA GHAFARI -TOM ROBINSON FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED DURING THE FISCAL YEAR REFLECTING THE FOLLOWING CHANGES: - ADJUSTED THE TRUSTEE TERM LENGTH LIMITS AND DEFINED THE RESTRICTION OF PERSONS WHOSE IMMEDIATE FAMILY (I.E. SPOUSE, PARENT OR CHILD) IS EMPLOYED BY THE SCHOOL FROM SERVING AS A TRUSTEE; - IMPOSED THE REQUIREMENT TO HAVE UNANIMOUS CONSENT BY ALL BOARD OR COMMITTEE MEMBERS AS APPLICABLE FOR TAKING ACTION WITHOUT A FORMAL MEETING; - EXPANDED THE AUTHORITY AND DUTIES OF THE EXECUTIVE COMMITTEE TO: REQUIRE PERMISSION OF THE BOARD FOR PURCHASES OR DISPOSITIONS IN EXCESS OF A SET AMOUNT; RENDER ADVICE ON PERSONNEL MATTERS; PROVIDE ORIENTATION FOR AND SUPPORT TO THE HEAD OF SCHOOL; CONDUCT AND PRODUCE A WRITTEN REVIEW OF PERFORMANCE OF THE HEAD AT LEAST ANNUALLY; AND REVIEW THE HEAD'S COMPENSATION, INCLUDING MAKING RECOMMENDATIONS TO THE BOARD FOR CHANGES TO COMPENSATION OR TO EXTEND OR TERMINATE THE HEAD'S CONTRACT WITH THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 8B THE EXECUTIVE COMMITTEE DOES NOT KEEP MINUTES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PROVIDED TO THE BOARD OF TRUSTEES ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES SUB COMMITTEE CALLED THE COMMITTEE ON TRUSTEES IS CHARGED WITH MONITORING THE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS CONSISTS OF COMPARABILITY WITH NAIS COMPENSATION BENCHMARKS. SPECIFICALLY, THE EXECUTIVE COMMITTEE REVIEWED SALARY RANGES OF HEADS AT ALL NAIS SCHOOLS, ALL ISACS SCHOOLS, AND SUBGROUPS INCLUDING DAY SCHOOLS WITH SIMILAR STUDENT BODIES AND ANNUAL REVENUE. THE APPOINTMENT OF THE HEAD OF SCHOOL IS DOCUMENTED IN THE MEETING MINUTES AND COMPENSATION LEVELS ARE OUTLINED IN THE EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 PROVIDED UPON REQUEST. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP GAIN 210,339.