2020-04-15T14:53:03-05:00 2019-06-30 061009205 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FLOOR BOSTON MA 02110 990 2018-07-01 060646888 SALISBURY SCHOOL INC SALI 8604355711 251 CANAAN RD SALISBURY CT 06068 MARK SCHMIDT BUSINESS MANAGER 8604355711 2020-04-13 1 LAURA J KENNEY P00202198 6177170831 2020-04-10 64.251.63.131 2020-04-13 19:40:40 ED P 212D4AA7D86991E97AAA9C7923B382683810470F 212D4AA7D86991E97AAA9C7923B382683810470F 2018 2021-01-29 14:40:06Z MARK SCHMIDT 251 CANAAN RD SALISBURY CT 06068 32359648 0 X WWW.SALISBURYSCHOOL.ORG X 1901 CT EDUCATION:SALISBURY SCHOOL IS AN INDEPENDENT BOY'S SECONDARY SCHOOL(GRADES 9 THROUGH 12) FOR BOARDING AND DAY STUDENTS. THESCHOOL RECRUITS STUDENTS FROM AROUND THE WORLD. 18 18 216 0 74968 0 6564857 8581386 20621117 20975403 3734037 2196535 230349 576366 31150360 32329690 4006565 4090144 0 0 11689982 11872100 0 0 1761154 10912873 11479586 26609420 27441830 4540940 4887860 184619023 186501463 56768042 52911596 127850981 133589867 EDUCATION:SALISBURY SCHOOL IS AN INDEPENDENT BOY'S SECONDARY SCHOOL (GRADES 9 THROUGH 12) FOR BOARDING AND DAY STUDENTS. THE SCHOOL RECRUITS FROM AROUND THE WORLD. 0 0 20996013 4090144 21177433 SALISBURY SCHOOL IS AN INDEPENDENT BOY'S SECONDARY SCHOOL(GRADES 9 THROUGH 12) FOR BOARDING AND DAY STUDENTS 117309 303069 SALISBURY SUMMER SCHOOL IS AN INDEPENDENT READING ANDENGLISH CO-ED SUMMER SCHOOL (GRADES 8 THROUGH 12) 21113322 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 60 0 1 216 1 1 1 0 0 0 0 1 1 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X JOSEPHINE LEARY 8604355711 251 CANAAN RD SALISBURY CT 06068 LISA W CALLAHAN VICE CHAIR 1.00 X X 0 0 0 CAMPBELL B LANGDON TREASURER 1.00 X X 0 0 0 DAVID C LEAVY VICE CHAIR 1.00 X X 0 0 0 RICHARD E RIEGEL III CHAIRMAN 1.00 X X 0 0 0 JAMES P TOWNSEND SECRETARY 1.00 X X 0 0 0 JOHN M COUZENS JR TRUSTEE 1.00 X 0 0 0 MICHAEL GANS TRUSTEE 1.00 X 0 0 0 JAMES W GERARD V TRUSTEE 1.00 X 0 0 0 PETER GROSS TRUSTEE 1.00 X 0 0 0 KENNETH HANAU TRUSTEE 1.00 X 0 0 0 ADELAIDE H HARRIS TRUSTEE 1.00 X 0 0 0 GWENDOLINE A HARRIS TRUSTEE 1.00 X 0 0 0 PATRICIA ISEN TRUSTEE 1.00 X 0 0 0 PETER KEEHN TRUSTEE 1.00 X 0 0 0 DANA MACY TRUSTEE 1.00 X 0 0 0 THOMAS D RUTHERFORD JR TRUSTEE 1.00 X 0 0 0 KATHERINE SHEPHERD TRUSTEE 1.00 X 0 0 0 WILLIAM SOUDER TRUSTEE 1.00 X 0 0 0 CHISHOLM CHANDLER HEADMASTER 40.00 X 374304 0 142855 MARK SCHMIDT CHIEF FINANCIAL OFFICER 40.00 X 237162 0 45705 HAROLD BROWN DIRECTOR OF DEVELOPMENT 40.00 X 199508 0 53615 ROBERT WYNNE ASSISTANT HEADMASTER 40.00 X 145906 0 112355 PETER GILBERT ASSISTANT HEADMASTER FOR ENROLLMENT 40.00 X 144950 0 105206 JOSEPHINE LEARY CONTROLLER 40.00 X 139763 0 10162 WILLIAM BOYER DIRECTOR OF BUILDINGS AND GROUNDS 40.00 X 111646 0 33544 ELECTRA TORTORELLA DIRECTOR OF DONOR RELATIONS 40.00 X 106599 0 38239 1459838 0 541681 9 0 1 0 UNITED CONSTRUCTION AND ENGINEERING INC PO BOX 1088 TORRINGTON CT 06790 CONSTRUCTION 2610931 RR HILTBRAND CONSTRUCTION LLC 575 NORTH MAIN STREET BRISTOL CT 06010 CONSTRUCTION 569344 HUESTIS TUCKER ARCHITECTS LLC 15 RESEARCH DRIVE WOODBRIDGE CT 06525 ARCHITECTS 396733 RIGA CONSTRUCTION LLC 277 ASHLEY FALLS ROAD CANAAN CT 06018 CONSTRUCTION 312618 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 02241 INVESTMENT ADVISORS 200000 8 8581386 716435 8581386 STUDENT TUITION & FEES 611600 19727589 19727589 AUXILIARY SERVICES 611600 944745 944745 SUMMER SCHOOL PROGRAM 611600 303069 303069 20975403 1111869 3671 1108198 1114624 0 29958 1114624 -29958 1084666 -29958 30 1114594 OTHER REVENUES 999999 576366 505099 71267 576366 32329690 21450544 74968 2222792 4090144 4090144 1595448 1056223 283502 255723 7446811 4784460 1887556 774795 601462 360215 167267 73980 988744 402770 414522 171452 1239635 1040609 130734 68292 144151 144151 81518 81518 418004 418004 498278 332536 107574 58168 85041 34807 49039 1195 446405 88701 280986 76718 390761 142568 162284 85909 2041326 1869654 163886 7786 194218 13646 114986 65586 59501 16568 16462 26471 1453799 1453799 2888376 2888376 242515 234658 5238 2619 STUDENT INCIDENTALS 2166426 1966560 118566 81300 SUPPLIES 357046 331954 13952 11140 GENERAL EXPENSES 12221 5074 7127 20 27441830 21113322 4567354 1761154 730539 447258 13483084 10689226 3241033 6967657 156374 921674 152646 173561 745509 673072 113345180 43133044 68252606 70212136 11142699 10942500 45783712 44545125 40930821 40929254 184619023 186501463 2600671 2075676 8572916 6569596 45594455 44266324 56768042 52911596 X 43035484 45455466 84815497 88134401 127850981 133589867 184619023 186501463 X 4887860 850105 921 X 0 1 X 1 0 X 12599247 4391448 3351368 6564857 8581386 35488306 12599247 4391448 3351368 6564857 8581386 35488306 675345 34812961 872748 661011 548290 838740 1111869 4032658 39520964 100908196 0.88090 0.87610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60275 X X X 0 57404092 528002 2465728 828950 1464046 418004 57686822 84199006 795530 3483085 851927 1845991 28375611 57404092 80530800 340806 6418972 2685732 405840 84199006 91675718 -6238580 -2157052 2405172 344114 80530800 85114115 8995430 131286 2228816 336297 91675718 0.35000 0.51100 0.13900 0 0 1306500 1306500 106264408 39586103 66678305 4621488 3546941 1074547 1152784 1152784 70212136 CLEARWATER FUND II 261713 F SANKATY CREDIT 46633 F DUNE REAL ESTATE II 525051 F REGIMENT 107427 F YORK 2051873 F HOPLITE 64422 F DUNE REAL ESTATE 43998 F SOUTHPOINT 2225819 F BURGUNDY 3880550 F TWO SIGMA 4860150 F BRECKINRIDGE 2924740 F GQG 6130552 F LEGAL & GENERAL 3558581 F MAHOUT 2245278 F KABOUTER INT'L OPPORTUNITIES 1673685 F KEMPNER INTERNATIONAL FUND 2846810 F MINERAL ACQUISITION PARTNERS, INC 1472809 F COMMON FUND - CAPITAL PARTNERS 1999 11974 F SANDERSON INTERNATION FUND 5055962 F OZ OVERSEAS FUND II 4768 F ALPHADYNE 1291442 F MW EUREKA 2026650 F LEVEL STRUCTURED 183625 F TRIVE CAPITAL 174837 F GREENSPRING 651788 F LEVEL EQUITY GROWTH 223988 F 44545125 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 40905065 DEPOSITS 24189 40929254 28469493 850105 921 851026 27618467 4711223 4711223 32329690 22730607 0 22730607 4711223 4711223 27441830 PART II, LINE 9: N PART III, LINE 4: THE SCHOOL'S LIBRARY RECEIVED A SHAKESPEARE BOOK COLLECTION DONATION TO BE USED FOR EDUCATIONAL PURPOSES. PART V, LINE 4: THE INTENDED USE OF THE SCHOOL'S ENDOWMENT IS TO SUPPORT THE OPERATIONS OF THE SCHOOL INCLUDING SCHOLARSHIPS TO STUDENTS AND PROFESSIONAL DEVELOPMENT TO FACULTY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE TRUSTS 921. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 4,711,223. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 4,711,223. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 LINE 3 THE STATEMENT OF NON-DISCRIMINATORY POLICY WAS POSTED THE HOMEPAGE OF THE SCHOOL'S WEBSITE. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES PROGRAM SERVICES RECRUITING 1850 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, PROGRAM SERVICES RECRUITING 9083 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES RECRUITING 1654 EAST ASIA AND THE PACIFIC FUNDRAISING FUNDRAISING 15531 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 15018969 IRELAND INVESTMENTS 2026650 0 0 0 0 0 0 17073737 0 17073737 1 0 1 1 1 0 PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR USING THE ACCRUAL BASIS OF ACCOUNTING. 1 FINANCIAL AID 105 4090144 FINANCIAL AID PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY SCHOOL AND STUDENT SERVICES (SSS) GUIDELINES WHICH PROVIDES A FINANCIAL AID NEED ANALYSIS BASED ON CONFIDENTIAL INFORMATION PROVIDED BY FAMILIES. THE SCHOLARSHIPS ARE AWARDED ON 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 0 1 0 0 0 0 0 0 0 CHISHOLM CHANDLER HEADMASTER 361504 0 0 0 12800 0 92500 0 50355 0 517159 0 0 0 MARK SCHMIDT CHIEF FINANCIAL OFFICER 237162 0 0 0 0 0 12500 0 33205 0 282867 0 0 0 HAROLD BROWN DIRECTOR OF DEVELOPMENT 199508 0 0 0 0 0 10353 0 43262 0 253123 0 0 0 ROBERT WYNNE ASSISTANT HEADMASTER 145906 0 0 0 0 0 15700 0 96655 0 258261 0 0 0 PETER GILBERT ASSISTANT HEADMASTER FOR ENROLLMENT 144950 0 0 0 0 0 15050 0 90156 0 250156 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES ON-CAMPUS HOUSING AND HOUSEKEEPING SERVICES TO THE HEADMASTER. THESE ARE NOT TREATED AS TAXABLE INCOME. THE SCHOOL ALSO PROVIDES CLUB DUES WHICH ARE REPORTED AS TAXABLE INCOME TO THE HEADMASTER. THE SCHOOL ALSO PROVIDES HOUSING TO OTHER LISTED EMPLOYEES, HAROLD BROWN, ROBERT WYNNE AND PETER GILBERT, WHICH IS NOT TREATED AS TAXABLE INCOME. PART I, LINE 4B THE HEADMASTER PARTICIPATES IN A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN. THE PLAN AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AND WILL VEST ON JUNE 30, 2021 IF THE HEADMASTER IS CONTINUOUSLY EMPLOYED BY THE SCHOOL THROUGH THAT DATE. A CHEFA 060806186 20774UYH2 2015-12-31 48194000 DEFEASE SERIES C 0 0 0 A 3531000 48194000 30249 465379 47684654 2009 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 1 0 0 0 0 1 A 1 SCHEDULE K, PART IV, LINE 2C THE SCHOOL RECEIVED A LETTER DATED JUNE 11, 2018 FROM CHEFA THAT CHEFA COMPLETED AN ARBITRAGE REBATE CALCULATION AND NO REBATE IS DUE. X 38 716435 FMV 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY TAX ADVISORS WITH INFORMATION PROVIDED BY MANAGEMENT. IT IS REVIEWED BY THE CFO, CONTROLLER AND AUDIT COMMITTEE. THE AUDIT COMMITTEE THEN MAKES ANY CHANGES AND APPROVES THE FORM 990. A COPY OF THE FORM 990 EXCLUDING SCHEDULE B, DONOR INFORMATION, IS PROVIDED TO ALL TRUSTEES BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED AT THE ANNUAL BOARD MEETING. THE SCHOOL ANNUALLY CERTIFIES THAT THERE ARE NO CONFLICTS. THE CONFLICT OF INTEREST POLICY COVERS TRUSTEES. THE SCHOOL'S EMPLOYEE POLICY AND PROCEDURE MANUAL INCLUDES A CONFLICT OF INTEREST POLICY THAT COVERS OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS OFFICER AND KEY EMPLOYEE COMPENSATION ANNUALLY AND PRESENTS A RECOMMENDATION AT THE SPRING MEETING. ABOPS COMPENSATION DATA IS USED FOR COMPARABILITY STUDIES. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AND ARE ON FILE IN THE BUSINESS OFFICE OF THE SCHOOL. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE TRUSTS 921.