2020-07-06T05:36:57-05:00 2019-06-30 061009205 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FLOOR BOSTON MA 02128 990 2018-07-01 060646687 KENT SCHOOL KENT 8609276046 PO BOX 2006 KENT CT 06757 JEFFREY D CATALDO ASSISTANT TREASURER & CFO 8609276046 2020-07-02 1 LAURA J KENNEY P00202198 6177170831 2020-06-22 64.251.63.131 2020-07-02 13:09:15 ED P 212D4AA7D86991E97AAA9C7923B382683810470F F655607A01BC9414CB150F5C2D5B642F4B7C09E6 2018 2021-01-29 14:40:06Z JEFFREY D CATALDO PO BOX 2006 KENT CT 06757 55302669 0 X WWW.KENT-SCHOOL.EDU X 1906 CT NON-PROFIT, INDEPENDENT, PREPARATORY SCHOOL; EDUCATING APP. 520 BOARDING AND 50 DAY STUDENTS. 28 27 298 50 -22253 0 9856381 5696034 37832280 39061528 5180608 6034844 92578 73496 52961847 50865902 8349547 8161890 0 0 18676999 18867020 0 0 2698192 15547215 18171428 42573761 45200338 10388086 5665564 188586255 199678302 52633997 54355889 135952258 145322413 ESTABLISH AND MAINTAIN A SCHOOL WHICH SHALL PROVIDE FOR BOYS AND GIRLS OF ABILITY AND CHARACTER AN ACADEMIC COURSE OF INSTRUCTION. SIMPLICITY OF LIFE, SELF-RELIANCE, AND DIRECTNESS OF PURPOSE ARE TO BE ESPECIALLY ENCOURAGED. 0 0 35382897 8161890 39027353 INDEPENDENT, CO-EDUCATIONAL PREPARATORY SCHOOL; EDUCATING BOTH BOARDING AND DAY STUDENTS. SIMPLICITY OF LIFE, SELF-RELIANCE AND DIRECTNESS OF PURPOSE ARE TO BE ESPECIALLY ENCOURAGED IN BOTH BOY AND GIRL STUDENTS. 35382897 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 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 1 1 0 0 0 1 91 0 1 298 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 X 28 27 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X JEFFREY D CATALDO ASST TREAS BUSINESS MANAGER & CFO 8609276046 PO BOX 2006 KENT CT 067570640 ROBERT S ANDERSON TREASURER & TRUSTEE 2.00 X X 0 0 0 FREDERIC A BOURKE III TRUSTEE 2.00 X 0 0 0 JOHN HARVEY TRUSTEE 2.00 X 0 0 0 SIR RICHARD B DEARLOVE TRUSTEE 2.00 X 0 0 0 ALICE C FRELINGHUYSEN TRUSTEE 2.00 X 0 0 0 PETER W GETSINGER TRUSTEE 2.00 X 0 0 0 ROBERT F HOERLE TRUSTEE 2.00 X 0 0 0 HENRIK VANDERLIP TRUSTEE 2.00 X 0 0 0 HELEN M PARDOE TRUSTEE 2.00 X 0 0 0 LORD JONATHAN ROTHERMERE TRUSTEE 2.00 X 0 0 0 LYNN DOE SHIPWAY VICE PRESIDENT AND TRUSTEE 2.00 X X 0 0 0 KIMBERLY BRAINARD NAYLOR TRUSTEE 2.00 X 0 0 0 RENE A LACERTE TRUSTEE 2.00 X 0 0 0 WILLIAM W WURTS TRUSTEE 2.00 X 0 0 0 BENJAMIN WARING PARTRIDGE IV PRESIDENT & TRUSTEE 2.00 X X 0 0 0 MAGALEN C WEBERT TRUSTEE 2.00 X 0 0 0 N ROGAN DONELLY TRUSTEE 2.00 X 0 0 0 DR ERNEST W FRANKLIN IV TRUSTEE 2.00 X 0 0 0 AMY MACARTNEY FREIDENRICH TRUSTEE 2.00 X 0 0 0 JAMES A LAWRENCE TRUSTEE 2.00 X 0 0 0 JAMES MCNULTY TRUSTEE 2.00 X 0 0 0 HAKAN N WOHLIN TRUSTEE 2.00 X 0 0 0 DONALD J HERREMA TRUSTEE 2.00 X 0 0 0 ANN DICKINSON TRUSTEE 2.00 X 0 0 0 MELISSA ENTWISTLE ARONSON TRUSTEE 2.00 X 0 0 0 JESSE B KIMBALL TRUSTEE 2.00 X 0 0 0 JOHN I WILLIAMS JR TRUSTEE 2.00 X 0 0 0 WILLIAM C PETTY III TRUSTEE 2.00 X 0 0 0 RICHARDSON W SCHELL SECRETARY & HEADMASTER 60.00 X 429897 0 158535 JEFFREY D CATALDO ASST. TREASURER & CFO 50.00 X 288149 0 117557 KATHLEEN NADIRE ASST. SECRETARY & DIR OF DEVELOPMENT 50.00 X 156881 0 35372 CATHERINE MAZZA DEAN OF STUDENTS 50.00 X 150006 0 57100 TODD MARBLE DIRECTOR OF PLANNED GIVING 50.00 X 129137 0 39588 DIANA YAMMIN DIRECTOR OF STUDIES 50.00 X 118720 0 19272 JOSEPH WOLINSKI DIRECTOR OF FACILITIES 50.00 X 107789 0 39769 BRIAN SULLIVAN DIRECTOR OF ADMISSIONS 50.00 X 109160 0 30967 1489739 0 498160 14 0 1 0 US FOODSERVICE PO BOX 642554 PITTSBURGH PA 15264 FOOD DISTRIBUTOR 820240 SIEMENS INDUSTRY INC PO BOX 2134 CAROL STREAM IL 601322134 SYSTEMS MANUFACTURER 737960 ABM JANITORIAL SERVICES PO BOX 1534 NEW YORK NY 10008 CLEANING SERVICE 713675 ALLIED PRINTING SERVICES INC 1 ALLIED WAY MANCHESTER CT 06045 PRINT SERVICES 193638 APEX TECHNOLOGY GROUP 2158 PLAINFIELD PIKE CRANSTON RI 02921 TECHNOLOGY SUPPORT SERVICES 175515 17 5696034 1030131 5696034 TUITION & RELATED SERV. 611710 38387379 38387379 OTHER PROGRAM RELATED FEES 611710 442168 442168 SUMMER RENTAL INCOME 531190 197806 197806 MEMBERSHIP DUES 713940 34175 34175 39061528 2225985 -163103 2389088 8153108 4344249 3808859 3808859 106675 3702184 166014 92518 73496 73496 50865902 39027353 -22253 6164768 8161890 8161890 1149573 226397 638421 284755 130808 130808 12181923 10150671 1104218 927034 1169357 1019849 89518 59990 3290385 2908060 210115 172210 944974 752088 112076 80810 262501 262501 70110 70110 479319 479319 34560 34560 23383 23383 255132 73985 67435 113712 210473 95714 25942 88817 4936439 4585509 139995 210935 491222 371990 66445 52787 18489 18489 759952 710000 49952 3461921 3299211 162710 361829 361829 EQUIP. RENTAL & MAINT. 1399502 1211774 139995 47733 FOOD 720182 688762 31420 BAD DEBT EXPENSE 150000 150000 CATALOGUE 17547 17547 4518867 978642 3111967 428258 45200338 35382897 7119249 2698192 19620258 21040746 4685266 4035696 428912 243512 171594 161250 927901 1018554 128547256 68537921 59734889 60009335 78052702 88738513 24964733 24430696 188586255 199678302 2371310 5412322 21092706 21084726 27107098 25670997 2062883 2187844 52633997 54355889 X 55122874 55971038 15951171 20552213 64878213 68799162 135952258 145322413 188586255 199678302 X 5665564 3910360 -205769 X 0 1 X 1 0 X 6568663 3606371 7589153 9856381 5696034 33316602 6568663 3606371 7589153 9856381 5696034 33316602 6147922 27168680 1322229 1131283 1461568 1698391 2225985 7839456 397150 414903 143699 150809 166014 1272575 42428633 179899863 0.64030 0.65030 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SALE OF INVENTORY - 2014 AMOUNT: $ 397,150. 2015 AMOUNT: $ 414,903. 2016 AMOUNT: $ 143,699. 2017 AMOUNT: $ 150,809. 2018 AMOUNT: $ 166,014. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 89590339 4021741 8454089 627659 1828341 99610169 76832377 7585549 7759413 365268 2221732 89590339 65436705 5996522 7889150 175465 2314535 76832377 67427989 2363278 -1170840 806601 2377121 65436705 67039307 3822485 271431 649156 3056078 67427989 0.16200 0.65500 0.18300 0 0 799348 799348 103852486 49497477 54355009 13831805 12010677 1821128 10063617 7029767 3033850 60009335 ALTERNATIVE INVESTMENTS 19042434 F REAL ESTATE 4350000 F SPLIT INTEREST AGREEMENTS 1038262 F 24430696 ACCRUED PENSION EXPENSE 1677056 POOLED INCOME FUND LIABILITY 154812 LIABILITY UNDER SPLIT INTEREST AGREEMENTS 355976 2187844 45001738 4028527 92518 4121045 40880693 479319 9505890 9985209 50865902 35631583 416454 416454 35215129 479319 9505890 9985209 45200338 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO SUPPORT THE SCHOOL'S EDUCATIONAL MISSION, INCLUDING SUPPORT OF SCHOLARSHIPS, STUDENT SERVICES, FACULTY, ACADEMIC AND EXTRACURRICULAR PROGRAMS, FACILITIES, AND GENERAL ADMINISTRATION OF THE SCHOOL. THE SCHOOL'S INVESTMENT POLICY HAS THE OBJECTIVE OF PROVIDING A PREDICTABLE STREAM OF FUNDING TO SCHOOL PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN PURCHASING POWER OF THE ENDOWMENT ASSETS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD 92,518. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION 9,505,890. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD 92,518. CHANGE IN PENSION LIABILITY 323,936. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION 9,505,890. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A NOTICE OF OUR NONDISCRIMINATORY POLICY AS TO STUDENTS WAS PUBLISHED IN THE HARTFORD COURANT. IN ADDITION, WE POST A NONDISCRIMINATION STATEMENT ON OUR WEBSITE. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM ADMISSIONS/ATHLETICS 65567 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM ADMISSIONS 38893 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM ADMISSIONS 29497 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM ADMISSIONS 10792 NORTH AMERICA (CANADA/MEXICO) 0 0 PROGRAM ADMISSIONS 2481 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 5857460 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 9700 0 0 0 0 0 0 6014390 0 6014390 0 0 1 0 1 1 1 STUDENT FINANCIAL AID 221 8161890 WAIVE TUITION, FEES, AND OTHER CHARGES FOR THOSE STUDENTS WHO QUALIFY FOR AID. PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY THE SCHOOL'S GUIDELINES WHICH PROVIDE 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 X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 RICHARDSON W SCHELL SECRETARY & HEADMASTER 428347 0 0 0 1550 0 110143 0 48392 0 588432 0 0 0 JEFFREY D CATALDO ASST. TREASURER & CFO 283449 0 0 0 4700 0 31240 0 86317 0 405706 0 0 0 KATHLEEN NADIRE ASST. SECRETARY & DIR OF DEVELOPMENT 156881 0 0 0 0 0 17001 0 18371 0 192253 0 0 0 CATHERINE MAZZA DEAN OF STUDENTS 150006 0 0 0 0 0 50244 0 6856 0 207106 0 0 0 TODD MARBLE DIRECTOR OF PLANNED GIVING 129137 0 0 0 0 0 14575 0 25013 0 168725 0 0 0 PART I, LINE 1A BUSINESS CLASS TRAVEL IS PROVIDED FOR THE HEADMASTER ON CERTAIN EUROPEAN TRIPS. CERTAIN OFFICERS AND OTHER EMPLOYEES, INCLUDING THE HEADMASTER, ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. A CLEANING SERVICE IS PROVIDED FOR THE NONRESIDENT AREAS OF THE HEADMASTER'S RESIDENCE USED FOR ENTERTAINING. THESE ARE ALL TREATED AS NONTAXABLE BENEFITS. PART I, LINE 4B THE SCHOOL PROVIDES THE HEADMASTER WITH A NONQUALIFIED DEFERRED COMPENSATION PLAN. THE PLAN HAS A SUBSTANTIAL RISK OF FORFEITURE. NO AMOUNTS WERE CONTRIBUTED INTO THIS PLAN FOR FISCAL YEAR 2019. A CHEFA 060806186 2017-05-16 18800000 REFUND EXISTING DEBT & ISSUANCE OF NEW DEBT FOR BUILDING AND EQUIPMENT. 0 0 0 B CHEFA 060806186 20774YTY3 2014-11-13 12765386 REFUND EXISTING DEBT 0 0 0 A 18800000 18800000 2017 1 0 1 1 B 6130386 12765386 255243 12510143 2004 1 0 1 1 A 0 0 0 0 0.01000 0.00000 0.01000 0 0 1 B 0 0 0 0 0.01000 0.00000 0.01000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 PART II, LINE 11 - OTHER SPENT PROCEEDS: OTHER SPENT PROCEEDS WERE USED TO REFUND A PRIOR ISSUE. BEN NADIRE SPOUSE OF OFFICER 130808 COMPENSATION 0 SCHEDULE L, PART IV: EMPLOYMENT OF INTERESTED PERSONS IS REVIEWED AND APPROVED AS APPROPRIATE BASED ON THE INDIVIDUAL'S ABILITY TO PERFORM THE JOB. X 106 1015131 FMV X HORSE 1 15000 FMV 1 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS LISTED (106) REPRESENTS THE NUMBER OF DONATIONS OF PUBLICLY-TRADED STOCK. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION CONSIST OF THE HEADMASTER AND THE CURRENT MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION VOTE ON THE TRUSTEE NOMINATIONS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS VOTE ON AND APPROVE DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND ALL RELATED SCHEDULES ARE REVIEWED WITH THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT CHAIR HAS RESPONSIBILITY FOR ENSURING BOTH ACCURATE AND COMPLETE FINANCIAL AND TAX DISCLOSURE. ONCE FORM 990 IS APPROVED BY THE AUDIT CHAIR, FORM 990, EXCLUDING THE SCHEDULE B, IS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE SCHOOL SURVEYS THE FULL BOARD OF TRUSTEES TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. THE PROCESS IS REVIEWED BY BOTH THE HEADMASTER'S OFFICE AND THE BUSINESS MANAGER'S OFFICE TO CONFIRM NO CONFLICT OF INTEREST OR TO REVIEW THE POSSIBLE CONFLICT AND RESOLVE AS APPROPRIATE. ALL CONFLICTS MUST BE VOTED ON AND APPROVED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE HEADMASTER IS DETERMINED BY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE WILL CONSIDER THE SKILL SET OF THE HEADMASTER, THE EXPERIENCE LEVEL OF THE HEADMASTER AND WILL BENCHMARK CURRENT COMPENSATION AND PROPOSED COMPENSATION AGAINST OTHER HEADS OF SCHOOL IN OUR PEER GROUP. FURTHER, THE COMMITTEE, IF IT DEEMS APPROPRIATE, WILL LOOK TO THE ADVICE OF A THIRD PARTY CONSULTANT TO VALIDATE COMPENSATION. THE COMMITTEE WILL THEN MAKE A RECOMMENDATION AS TO THE COMPENSATION WHICH WILL BE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FOR OTHER OFFICERS AND KEY EMPLOYEES, THE BUSINESS MANAGER AND THE HEADMASTER WILL REVIEW COMPENSATION IN CONJUNCTION WITH JOB RESPONSIBILITY, SKILL SET AND EXPERIENCE. THE JOB WILL THEN BE BENCHMARKED AGAINST OTHER POSITIONS AT OTHER SCHOOLS WITHIN OUR PEER GROUP. THE PROPOSED COMPENSATION WILL THEN BE DISCUSSED AS NECESSARY WITH MEMBERS OF THE BOARD'S EXECUTIVE COMMITTEE. IN THE RECENT PAST, A THIRD PARTY CONSULTANT HAS NOT BEEN USED TO SET THE COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES. THE REVIEW AND APPROVAL OF THE COMPENSATION OCCURS ANNUALLY, IN ADVANCE OF THE START OF EACH FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S BY LAWS, CERTIFICATE OF INCORPORATION, AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND ALL TAX RELATED DOCUMENTATION WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY -323,936. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 118,167. POOLED INCOME FUND CHARITABLE TRUST CT T 1 CHARITABLE REMAINDER TRUST CHARITABLE TRUST CT T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0