2018-11-05T07:59:21-06:00 2018-06-30 061009205 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FLOOR BOSTON MA 02110 990 2017-07-01 042103636 WALNUT HILL SCHOOL FOR THE ARTS WALN 5086534312 12 HIGHLAND STREET NATICK MA 01760 JANE SEGALE CFO 5086505015 2018-11-02 1 LAURA J KENNEY P00202198 6172211944 2018-11-02 64.251.63.131 2018-11-02 15:53:23 ED P 7B14BF2BF8F8AC217E314A41F868DB69370B8F6F AE4F84C66CF7EFD26554BEC15325CB8203138E58 2017 2018-06-14 16:35:46Z ANTONIO VIVA 12 HIGHLAND STREET NATICK MA 01760 28342878 0 X WWW.WALNUTHILLARTS.ORG X 1893 MA TO EDUCATE TALENTED, ACCOMPLISHED AND INTELLECTUALLY ENGAGED YOUNG ARTISTS FROM ALL OVER THE WORLD. THE SCHOOL DOES SO IN A DIVERSE, HUMANE AND ETHICAL COMMUNITY. 28 28 295 140 0 0 3353968 1812154 18094707 18930376 1394627 791352 -8324 57369 22834978 21591251 3621617 3780005 0 0 8379609 9528638 0 0 868535 8448060 6713108 20449286 20021751 2385692 1569500 59842124 60513662 23035384 21194373 36806740 39319289 THE MISSION OF WALNUT HILL IS TO EDUCATE TALENTED, ACCOMPLISHED AND INTELLECTUALLY ENGAGED YOUNG ARTISTS FROM ALL OVER THE WORLD. THE SCHOOL DOES SO IN A DIVERSE, HUMANE AND ETHICAL COMMUNITY. 0 0 10428044 3707805 14542093 INSTRUCTIONAL EXPENSES RELATED TO EDUCATING STUDENTS IN GRADES 9 THROUGH 12 WHILE AT SCHOOL. THE SCHOOL ENROLLED APPROXIMATELY 296 STUDENTS DURING THE FALL AND SPRING SEMESTERS. WALNUT HILL STUDENTS IMMERSE THEMSELVES DEEPLY IN THEIR ART, GUIDED BY HIGHLY ACCOMPLISHED PROFESSIONAL ARTISTS WHO HAVE DEDICATED THEMSELVES TO SUPPORTING YOUNG PEOPLE ON THEIR ARTISTIC JOURNEYS. THIS TIME SPENT MASTERING AN ARTISTIC DISCIPLINE IS BALANCED BY ENGAGEMENT IN A RIGOROUS COLLEGE-PREPARATORY CURRICULUM THAT CHALLENGES STUDENTS TO ASK BIG QUESTIONS, SOLVE COMPLEX PROBLEMS, AND EXPLORE TRADITIONAL ACADEMIC SUBJECTS THROUGH INNOVATIVE, HANDS-ON LESSONS. 4319843 3533270 STUDENT ACTIVITIES, THEATER AND MUSIC PRODUCTIONS, TUTORING, DORM LIFE AND FOOD SERVICE AND STUDENT CLUBS. THE SCHOOL ENROLLED APPROXIMATELY 296 STUDENTS DURING THE FALL AND SPRING SEMESTERS. OF THE 296 STUDENTS, APPROXIMATELY 230 STUDENTS LIVED ON-CAMPUS. 943677 72200 855013 SUMMER AND OTHER PROGRAM EXPENSES FOR UNENROLLED STUDENTS, SUCH AS THE COMMUNITY ARTS PROGRAM. THE SUMMER PROGRAMS ENROLLED APPROXIMATELY 182 STUDENTS AMONG MANY DIFFERENT PROGRAMS SUCH AS DANCE, VISUAL ARTS, MUSIC, WRITING AND THEATER. 15691564 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 48 0 1 295 1 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X JANE SEGALE 5086505015 12 HIGHLAND STREET NATICK MA 01760 CATHERINE T CHAN TRUSTEE 5.00 X 0 0 0 MATAN CHOREV TRUSTEE 5.00 X 0 0 0 CHARLOTTE I HALL TRUSTEE 5.00 X 0 0 0 JUSTINE HAND TRUSTEE 5.00 X 0 0 0 OAKES HUNNEWELL TRUSTEE 5.00 X 0 0 0 ANNE M MORGAN TRUSTEE 5.00 X 0 0 0 CHARLES THACHER TRUSTEE 5.00 X 0 0 0 PETER TOLLMAN TRUSTEE 5.00 X 0 0 0 JENNY TOOLIN MCAULIFFE TRUSTEE 5.00 X 0 0 0 STEPHEN OLER TRUSTEE 5.00 X 0 0 0 MOLLY TOWER BYRNES TRUSTEE 5.00 X 0 0 0 AMINI KAJUNJU TRUSTEE 5.00 X 0 0 0 KAREN MCKEEL CALBY TRUSTEE 5.00 X 0 0 0 JORDAN MCCULLOUGH TRUSTEE 5.00 X 0 0 0 JOHN SEBASTIAN PAOLELLA TRUSTEE A/O 7/17 5.00 X 0 0 0 ROBERT GORDON TRUSTEE 5.00 X 0 0 0 KATE HUTTER TRUSTEE 5.00 X 0 0 0 BETSY KESSLER TRUSTEE 5.00 X 0 0 0 LAURA THIELKE TRUSTEE 5.00 X 0 0 0 DAVID EDELMAN TRUSTEE A/O 7/17 5.00 X 0 0 0 KATHARINE DUNSON O'CONNELL TRUSTEE A/O 7/17 5.00 X 0 0 0 LINDA WISNEWSKI TRUSTEE 5.00 X 0 0 0 LISA ROTHMAN TRUSTEE 5.00 X 0 0 0 ELIZABETH P MCCLENDON TRUSTEE/PRESIDENT 5.00 X X 0 0 0 HUGH GELCH TRUSTEE/VICE PRESIDENT 5.00 X X 0 0 0 JEFF FLOWERS TRUSTEE/TREASURER 5.00 X X 0 0 0 PATRICIA L DAVIDSON TRUSTEE/CLERK 5.00 X X 0 0 0 JANET EMERY PATTILLO TRUSTEE/ASSISTANT CLERK 5.00 X X 0 0 0 ANTONIO VIVA HEAD OF SCHOOL 40.00 X 255540 0 67307 JANE SEGALE CFO 40.00 X 73732 0 12963 MARIE LONGO CHIEF ADVANCEMENT OFFICER 40.00 X 169496 0 13608 SUSANNE CARPENTER DIR. OF ADMISSIONS/ ASST. HOS 40.00 X 142835 0 10238 JAMES WOODSIDE DIRECTOR OF ARTISTIC STUDIES 40.00 X 103330 0 16738 CAROLE ALLEN-SCANNELL DIRECTOR OF MAJOR AND PLANNED GIFTS 40.00 X 102598 0 7621 847531 0 128475 5 0 1 0 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICES 1571444 MATTHEW CONSTRUCTION COMPANY INC PO BOX 2580 NATICK MA 017600019 CONSTRUCTION 380665 NEW ENGLAND CONSERVATORY OF MUSIC 290 HUNTINGTON AVENUE BOSTON MA 02115 EDUCATION/MUSIC 375191 UG2 LLC PO BOX 5972 SPRINGFIELD MA 011015972 CLEANING AND FACILITIES 272244 MS PAINTING 218 EAST UNION STREET ASHLAND MA 01721 CONSTRUCTION 228167 9 1812154 163746 1812154 TUITION AND FEES 611600 17641372 17641372 SUMMER PROGRAMS 611600 855013 855013 STUDENT ACTIVITIES 611600 189871 189871 COMMUNITY ART 611600 167067 167067 OTHER 611600 47798 47798 29255 29255 18930376 520278 520278 6879545 6578925 29546 300620 -29546 271074 271074 200525 143156 57369 57369 21591251 18930376 0 848721 3780005 3780005 674673 487594 187079 7440157 6175740 1063808 200609 361619 295785 57982 7852 506941 401734 77634 27573 545248 403484 114502 27262 13092 13092 49180 49180 81478 81478 59220 59220 40650 40650 1073870 906697 145732 21441 58851 1579 55519 1753 154201 13738 96479 43984 48162 813 47349 455981 455981 1629197 1516738 109018 3441 121610 113216 8138 256 FOOD SERVICE 1356690 1356690 0 0 INSTRUCTIONAL PROGRAM E 625650 573265 48385 4000 CAPITAL CAMPAIGN EXPENS 290463 290463 OTHER EXPENSE 258613 9124 240434 9055 396200 142956 209477 43767 20021751 15691564 3461652 868535 4884062 4604224 13166 0 409790 309060 135460 152111 50947 40951 28136 24384 204697 277901 52752060 20467459 32200853 32284601 16224954 17717967 1041704 0 4648355 5102463 59842124 60513662 1148265 866677 9443624 8410215 11753577 11336720 632608 559209 57310 21552 23035384 21194373 X 19182267 20964254 5417448 5713441 12207025 12641594 36806740 39319289 59842124 60513662 1569500 943049 0 X 0 1 X 1 0 X 3864475 3495297 2307426 3353968 1812154 14833320 3864475 3495297 2307426 3353968 1812154 14833320 3837887 10995433 552141 468563 411722 465451 520278 2418155 17251475 88443755 0.63740 0.61390 X 18653960 2084548 131007 594794 20012707 17695979 1768647 810666 18653960 18953139 -546160 711000 17695979 18562846 659449 436844 706000 18953139 18282100 330295 1929370 1978919 18562846 0.37000 0.42000 0.21000 0 0 101810 101810 2294740 45304919 18184533 29415126 3442692 1036142 2406550 1607899 1246784 361115 32284601 PERPETUAL TRUST 4105336 ASSETS OF SPLIT INTEREST AGREEMENTS 997127 5102463 DUE TO LIFE BENEFICIARIES OF SPLIT INTEREST AGREEMENTS 21552 21552 18529467 943049 143156 1086205 17443262 77521 4070468 4147989 21591251 16016918 143156 143156 15873762 77521 4070468 4147989 20021751 PART V, LINE 4: THE SCHOOL'S INTENDED USE OF ENDOWMENT FUNDS INCLUDES SCHOLARSHIP, FINANCIAL AID, FACULTY DEVELOPMENT, INVESTMENT IN PLANT AND VARIOUS OPERATIONAL NEEDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 143,156. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,780,005. CAPITAL CAMPAIGN EXPENSES 290,463. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 143,156. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,780,005. CAPITAL CAMPAIGN EXPENSES 290,463. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PUBLISHED NON-DISCRIMINATORY POLICY IN REGIONAL NEWSPAPERS ASIA 0 0 PROGRAM ACTIVITIES PARENT MEETINGS, PROSPECTIVE STUDENTS AND FUNDRAISING MEETINGS 58547 0 0 0 0 0 0 58547 0 58547 0 0 0 0 0 0 PART I, LINE 3: THE METHOD USED TO ACCOUNT FOR EXPENDITURES DISCLOSED IN THIS SCHEDULE IS THE ACCRUAL BASIS, CONSISTENT WITH THE AUDITED FINANCIAL STATEMENTS IN ACCORDANCE WITH GAAP. 1 FINANCIAL AID 150 3780005 PART I, LINE 2: FINANCIAL AID AWARDS ARE APPLIED DIRECTLY TO THE STUDENT'S OUTSTANDING TUITION BILL. CASH PAYMENTS ARE NOT MADE DIRECTLY TO RECIPIENTS. SCHOLARSHIPS ARE PROVIDED TO STUDENTS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ANTONIO VIVA HEAD OF SCHOOL 255540 0 0 0 0 0 14171 0 53136 0 322847 0 0 0 MARIE LONGO CHIEF ADVANCEMENT OFFICER 169496 0 0 0 0 0 12015 0 1593 0 183104 0 0 0 SUSANNE CARPENTER DIR. OF ADMISSIONS/ ASST. HOS 142835 0 0 0 0 0 9980 0 258 0 153073 0 0 0 PART I, LINE 1A THE SCHOOL REQUIRES THAT THE HEAD OF SCHOOL LIVE ON CAMPUS IN SCHOOL PROVIDED HOUSING. IT IS NOT CONSIDERED A TAXABLE BENEFIT AS THE HOUSE IS AVAILABLE TO CONDUCT SCHOOL BUSINESS IN, EVEN IF THE HEAD IS NOT THERE. IN ADDITION, WHILE THE HEAD IS IN THE HOUSING, HE IS AVAILABLE TO ASSIST THE NEEDS OF THE SCHOOL SHOULD THEY ARISE OUTSIDE OF NORMAL BUSINESS HOURS. DUE TO THE RESIDENTIAL COMPONENT OF THE SCHOOL, IT IS CRITICAL THAT THE HEAD BE AVAILABLE AND PRESENT AS MUCH AS POSSIBLE. THE HOUSING PROVIDED TO THE HEAD OF SCHOOL IS CLEANED WEEKLY AND INCLUDES HIS PERSONAL LIVING SPACE. THE HEAD OF SCHOOL HAS A DISCRETIONARY SPENDING ACCOUNT FOR UNBUDGETED SCHOOL RELATED ITEMS. HE IS ACCOUNTABLE FOR THE EXPENSES AND THEY ARE REVIEWED BY THE CFO. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2014-01-30 13160000 TO PAY OFF THE 2002 & 2006 SERIES BONDS 0 0 0 A 1723977 13160000 89489 1425511 11645000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 1 A 1 PART II, LINE 11 THE $13,070,511 IS MADE UP OF $11,645,000 WHICH WAS USED TO REFINANCE THE 2002 AND 2006 PREVIOUSLY ISSUED BONDS AND $1,425,511. THE $1,425,511 WAS USED FOR FACILITY IMPROVEMENTS AND EXPANSION PROJECTS. ANTONIO VIVA HEAD OF SCHOOL OFFICER ALLOWS THE HEAD OF SCHOOL TO PUT A DOWN PAYMENT ON A HOUSE. X 90000 40951 0 1 1 40951 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS THE SCHOOL ISSUED A PERSONAL LOAN TO THE HEAD OF SCHOOL IN THE AMOUNT OF $90,000. THE WRITTEN AGREEMENT INCLUDES A STATED INTEREST RATE OF 6% (OR, IF LOWER, THE MAXIMUM RATE ALLOWABLE BY LAW) WITH PAYMENT TERMS OVER 10 YEARS. THE LOAN WILL BE DUE IN FULL IN THE EVENT EMPLOYMENT BETWEEN THE HEAD OF SCHOOL AND THE SCHOOL IS TERMINATED FOR ANY REASON. THIS TRANSACTION WAS APPROVED BY THE BOARD OF TRUSTEES. THE HEAD OF SCHOOL IS STILL REQUIRED TO LIVE ON CAMPUS IN ACCORDANCE WITH HIS EMPLOYMENT AGREEMENT. X 14 163746 FMV AT DONATION DATE 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR "SECURITIES-PUBLICLY TRADED" REPRESENTS THE NUMBER OF INDIVIDUALS WHO THE DONATED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE GOVERNING BODY HAVE NOT RECEIVED A COPY OF THE FORM 990 PRIOR TO ITS FILING. THE BOARD OF TRUSTEES HAS APPOINTED THE RESPONSIBILITY OF OBTAINING AND REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE HAS RECEIVED A COPY OF THE FORM 990, IN ITS ENTIRETY (WITH THE EXCEPTION OF SCHEDULE B), AND REVIEWED IT FOR COMPLETENESS AND ACCURACY, PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE STATEMENT THAT INDICATES THAT THEY HAVE READ, UNDERSTOOD AND AGREE TO THE SCHOOL'S CONFLICT OF INTEREST POLICY. FURTHER, THE TRUSTEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS (AS DEFINED IN THE POLICY) AND/OR NOTIFY THE HEAD OF SCHOOL IF ANY ADDITIONAL ISSUES ARISE THROUGHOUT THE YEAR. THE POLICY IS ENFORCED AND MONITORED BY THE HEAD OF SCHOOL AND/OR THE BOARD OF TRUSTEES. TRUSTEES WHO FAIL TO COMPLETE THE ANNUAL DISCLOSURE FORM ARE ASKED TO VERBALLY CONFIRM THE INFORMATION IN THE ANNUAL DISCLOSURE STATEMENT AND ALSO DISCUSS ANY POTENTIAL CONFLICTS AT THE NEXT BOARD MEETING. AT JUNE 30, 2018, THE POLICY APPLIED TO TRUSTEES AS WELL AS SENIOR MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES WILL DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL AND OTHER OFFICERS USING THE FOLLOWING CRITERIA: 1. THE TRANSACTION IS APPROVED BY AN AUTHORIZED BODY OF THE ORGANIZATION, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST CONCERNING THE TRANSACTION. 2. PRIOR TO MAKING ITS DETERMINATION, THE AUTHORIZED BODY OBTAINED AND RELIED UPON APPROPRIATE DATA AS TO COMPARABILITY. 3. THE AUTHORIZED BODY ADEQUATELY DOCUMENTS THE BASIS FOR DETERMINATION CONCURRENTLY WITH MAKING THAT DETERMINATION. THE DOCUMENTATION WILL INCLUDE: -THE TERMS OF THE APPROVED TRANSACTION AND THE DATE APPROVED; -THE MEMBERS OF THE AUTHORIZED BODY WHO WERE PRESENT DURING DEBATE ON THE TRANSACTION THAT WAS APPROVED AND THOSE WHO VOTED ON IT; -THE COMPARABILITY DATA OBTAINED AND RELIED UPON BY THE AUTHORIZED BODY AND HOW THE DATA WAS OBTAINED; -ANY ACTIONS BY A MEMBER OF THE AUTHORIZED BODY HAVING A CONFLICT OF INTEREST; AND -DOCUMENTATION OF THE BASIS FOR THE DETERMINATION BEFORE THE LATER OF THE NEXT MEETING OF THE AUTHORIZED BODY OR 60 DAYS AFTER THE FINAL ACTIONS OF THE AUTHORIZED BODY ARE TAKEN AND APPROVAL OF RECORDS AS REASONABLE, ACCURATE AND COMPLETE WITHIN A REASONABLE TIME THEREAFTER. THIS PROCESS WAS LAST UTILIZED IN THE SPRING OF 2015 TO DETERMINE THE HEAD OF SCHOOL'S COMPENSATION. IT RESULTED IN A MULTI- YEAR CONTRACT THROUGH 2020. EACH YEAR, THE EXECUTIVE COMMITTEE REVIEWS THE HEAD OF SCHOOL'S COMPENSATION PER THE CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.