2017-05-01T12:06:47-05:00 2016-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2015-07-01 060655480 AVON OLD FARMS SCHOOL INC AVON 8604044100 500 OLD FARMS ROAD AVON CT 06001 ROBERT A ORENSTEIN chief financial officer 8604044100 2017-04-28 1 JOHN TOSCANO P00358542 9592007000 2015 2021-01-29 14:40:06Z kenneth h larocque 500 OLD FARMS ROAD AVON CT 06001 41179156 0 X WWW.AVONOLDFARMS.COM X 1927 CT TO BE THE BEST SCHOOL FOR BOYS BY CULTIVATING YOUNG MEN OF INTEGRITY AND BY PROVIDING A STRUCTURED, SUPPORTIVE, LEARNING ENVIRONMENT THAT ENCOURAGES SELF-DISCOVERY AND SOCIAL RESPONSIBILITY. 25 25 249 0 275255 -13734 4049051 9306546 20995488 22038983 2918241 538064 1278580 1268768 29241360 33152361 4250209 4253298 0 0 13430265 14155081 0 314500 2603661 9323091 9779039 27003565 28501918 2237795 4650443 112157282 115211978 37599021 39043191 74558261 76168787 AVON OLD FARMS SCHOOL STRIVES TO BE THE BEST COLLEGE PREPARATORY SCHOOL FOR BOYS BY CULTIVATING YOUNG MEN OF INTEGRITY, WHO HONOR WISDOM, JUSTICE, INCLUSION, SERVICE, AND THE PURSUIT OF TRUTH. 0 0 21691778 4253298 22395500 INDEPENDENT SECONDARY SCHOOL WITH 307 BOARDING STUDENTS AND 103 DAY STUDENTS. 21691778 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 125 0 1 249 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROBERT A ORENSTEIN 8604044103 500 Old Farms Road Avon CT 06001 William P Austin Co-Vice Chairman 1.00 X X 0 0 0 Brett Browchuk Director 0.50 X 0 0 0 Andrew Caputo Director 0.50 X 0 0 0 Martin I Cole Chairman 1.00 2.00 X X 0 0 0 Brian B Conroy OUT-GOINg Director 0.50 2.00 X 0 0 0 James W Corrigan Director 0.50 X 0 0 0 MARIA DE LA CRUZ DIrector 0.50 X 0 0 0 J Stratford R Dennis Director 0.50 X 0 0 0 CHRISTOPHER DREW DIRector 0.50 1.00 X 0 0 0 John Edwards Director 0.50 X 0 0 0 Jerold T Garvey Director 0.50 X 0 0 0 Matthew H Gates OUT-GOINg Director 0.50 X 0 0 0 Dee Gordon Director 0.50 X 0 0 0 Richard H Gordon Director 0.50 X 0 0 0 Dean C Graham Director 0.50 2.00 X 0 0 0 Clayton Johnson Secretary 1.00 X X 0 0 0 JOHN MAXWELL DIrector 0.50 X 0 0 0 Wade L McDevitt Director 0.50 X 0 0 0 Brendan L McKernan Co-Vice Chairman/Treasurer 1.00 X X 0 0 0 Andre Napoli Director 0.50 X 0 0 0 John A Nolan Director 0.50 X 0 0 0 Kathryn A Ordway Director 0.50 X 0 0 0 Patrick Ryan OUT-GOINg Director 0.50 X 0 0 0 Henry B Smith Director 0.50 X 0 0 0 Janice Story Director 0.50 X 0 0 0 Norbert Williamson Director 0.50 X 0 0 0 Kenneth Winemaster Director 0.50 X 0 0 0 Linda Preston Woodwell Director 0.50 X 0 0 0 kenneth h larocque headmaster 50.00 X 394278 0 96757 robert a orenstein chief financial officer 50.00 X 209005 0 62762 john t gardner associate headmaster 50.00 X 182928 0 71665 james m detora provost 50.00 X 125755 0 58626 CHRISTOPHER HAMPTON DIRECTOR OF DEVELOPMENT 50.00 X 122980 0 64820 peter m evans principal giftS officer 50.00 X 116078 0 63543 brendon welker director of admission 50.00 X 115530 0 64833 1266554 0 483006 14 0 1 0 Flik PO Box 417632 Boston MA 022417632 Food Supplier 1326319 Community Counseling Service 10 High Street Boston MA 02110 Consultant for Development 346500 TALCOTT VIEW DEVELOPMENT INC 11 LORDSHIP ROAD EAST GRANBY CT 06026 construction services 235644 ANDRUS ARCHITECTURE 11629 NORTHLAND DR SUITE 200 ROCKFORD MI 49431 ARCHITECTURAL PLANS 206077 E & R Laundry 80 Ross Avenue Manchester NH 03103 Laundry Service 198689 8 69461 9237085 159102 9306546 Tuition and fees 611110 21907383 21907383 summer school tuition 611110 103500 103500 learning center revenu 611110 28100 28100 22038983 1000092 1000092 81427 0 81427 81427 81427 7308745 7770773 -462028 -462028 -462028 98204 69461 57621 40583 40583 321240 198401 122839 122839 summer camp tuitions 611710 457649 182394 275255 HOCKEY RINK and squash 713910 364373 364373 miscellaneous income 900099 132123 132123 69774 51284 18490 1023919 33152361 22395500 275255 1175060 4253298 4253298 728873 226610 366298 135965 8956641 6304004 1518287 1134350 1097134 780249 177342 139543 2675369 1836549 492630 346190 697064 474004 132442 90618 72883 72883 46877 46877 314500 314500 99000 99000 1141145 1039196 83093 18856 95489 7829 51656 36004 487274 159935 219872 107467 367451 238843 91863 36745 2068188 1757960 206819 103409 381932 214637 86986 80309 972368 875131 97237 1997449 1797704 199745 FOOD SERVICE 670627 631464 28590 10573 STUDENT SUPPLIES AND EX 600165 581261 8743 10161 ATHLETICS 153522 153522 MISCELLANEOUS EXPENSES 143191 69308 65986 7897 481478 290274 160130 31074 28501918 21691778 4206479 2603661 1404529 1695488 7000973 7012740 3606246 7855593 69210 33753 1000 74293 69333 110447 126532 106174554 52240239 54654180 53934315 44795720 44055531 441684 427693 112157282 115211978 485916 709993 9678435 10264157 23927000 23220000 3507670 4849041 37599021 39043191 X 57967292 55640971 7626912 9506108 8964057 11021708 74558261 76168787 112157282 115211978 X 4650443 -1518641 -1521276 X X 0 1 X 1 0 X 3948694 4664550 4116555 4049051 9306546 26085396 3948694 4664550 4116555 4049051 9306546 26085396 2820747 23264649 613116 662801 797516 1007881 1081519 4162833 193240 46436 96940 93724 116842 547182 721544 2289558 610432 663670 613190 4898394 35693805 104148356 0.65180 X Schedule A, Part II, Line 10, Explanation of Other Income: hockey rink and squash revenue - 2011 Amount: $ 263,918. 2012 Amount: $ 310,366. 2013 Amount: $ 337,305. 2014 Amount: $ 369,077. 2015 Amount: $ 364,373. miscellaneous - 2013 Amount: $ 157,758. 2014 Amount: $ 115,485. 2015 Amount: $ 132,123. other revenue - 2011 Amount: $ 161,957. 2012 Amount: $ 144,531. fundraising - 2011 Amount: $ 141,632. 2012 Amount: $ 106,903. 2013 Amount: $ 115,369. 2014 Amount: $ 100,608. 2015 Amount: $ 98,204. insurance proceeds - 2011 Amount: $ 154,037. 2012 Amount: $ 1,727,758. 2014 Amount: $ 78,500. 2015 Amount: $ 18,490. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 47130963 2108569 -1028992 1657328 46553212 46828750 1443027 422486 1563300 47130963 40576492 1682325 5975837 1405904 46828750 32412955 6317740 3017848 1172051 40576492 33067652 392401 87477 1134575 32412955 0.73500 0.19400 0.07100 0 1 1 5020662 5020662 92171256 45683258 46487998 7318386 6004537 1313849 1664250 552444 1111806 53934315 INTEREST RATE SWAP AGREEMENT 4817078 CAPITAL LEASE 31963 4849041 X Part V, Line 4: INCOME FROM THE SCHOOL'S ENDOWMENT FUND IS APPROPRIATED FOR STUDENT FINANCIAL AID, FACULTY SALARIES AND BENEFITS AS WELL AS OTHER OPERATING EXPENSES OF THE SCHOOL, IN ACCORDANCE WITH DONOR-IMPOSED RESTRICTIONS AND THE SCHOOL'S BOARD APPROVED SPENDING POLICY. Part X, Line 2: the school has no unrecognized tax benefits at June 30, 2016 and 2015. the school's u.s. federal information returns prior to fiscal year 2013 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. if the school had unrelated business income taxes, it would recognize interest and penalties associated with any tax matters as part of the income tax provision and include accrued interest and penalties with the related tax liability in the statement of financial position. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The nondiscriminatory policy is published in all school catalogues and brochures. East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 program services student recruiting 32481 Central America and the Caribbean 0 0 program services STUDENT RECRUITING 16089 Russia and Neighboring States - Armenia, Azerbijan, Belarus, 0 0 program services student recruiting 1856 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 program services Student recruiting 4676 0 0 0 0 0 0 55102 0 55102 0 0 0 0 0 0 X X X X X 1 Community Counselling Service Co LLC 10 High Street Suite 401 Boston MA 02110 Campaign Consulting 0 0 293500 0 NOrtheast Scholastic Services 604 Bartram Court Flourtown PA 19031 donor base cultivation consultant 0 0 21000 0 314500 CT PARENTS' DINNER/AUCTION 167665 69461 98204 8259 49362 167665 69461 98204 8259 49362 57621 40583 1 scholarships/student aid 145 4253298 FMV scholarships & grants are provided to students via a waiver of tuition, fees and other charges. Part I, Line 2: all financial aid recipients are required to complete a financial aid statement and provide the necessary supporting documentation. X 0 0 X X X X 0 0 0 0 0 0 0 1 0 kenneth h larocque headmaster 357128 0 37150 0 0 0 46575 0 50182 0 491035 0 0 0 robert a orenstein chief financial officer 209005 0 0 0 0 0 37053 0 25709 0 271767 0 0 0 john t gardner associate headmaster 178928 0 4000 0 0 0 27000 0 44665 0 254593 0 0 0 james m detora provost 125755 0 0 0 0 0 16781 0 41845 0 184381 0 0 0 CHRISTOPHER HAMPTON DIRECTOR OF DEVELOPMENT 122980 0 0 0 0 0 19075 0 45745 0 187800 0 0 0 peter m evans principal giftS officer 116078 0 0 0 0 0 18125 0 45418 0 179621 0 0 0 brendon welker director of admission 115530 0 0 0 0 0 17888 0 46945 0 180363 0 0 0 Part I, Line 1a THE SCHOOL REQUIRES THAT CERTAIN SENIOR LEADERSHIP RESIDE ON CAMPUS AS A CONDITION OF EMPLOYMENT FOR THE SAFETY AND SUPERVISION OF ITS STUDENTS, FACULTY AND OTHER CONSTITUENCIES WITHIN THE SCHOOL COMMUNITY OUTSIDE OF NORMAL BUSINESS HOURS. THESE RESIDENCES ALSO SERVE AS LOCATIONS FOR VARIOUS SCHOOL-RELATED EVENTS. Part I, Line 7 at the discretion of the board of directors and based upon the individual's performance as compared to expectations set by the board of directors, the headmaster was awarded a bonus during calendar year 2015. A state of connecticut health and educational facilities authority 060806186 2013-11-01 24606000 Refunding of Series A and B tax exempt bond issues and related costs 0 0 0 A 1386000 24606000 345297 24260703 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 bank of america na 29.300000000000 1 0 0 0 0 A 1 X 16 123866 fair value X various donated auction items 3 35239 fair value 0 1 1 Part I, Column (b): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. Part I, Line 32b: THE SCHOOL MAINTAINS ACCOUNTS WITH THIRD PARTY FINANCIAL INSTITUTIONS WHICH ARE USED TO LIQUIDATE GIFTS OF MARKETABLE SECURITIES. Form 990, Part VI, Section A, line 2 Dee and Richard H. Gordon are directors who are related through marriage. Form 990, Part VI, Section B, line 11 the school's 990 is first reviewed by the cfo and controller. once any necessary edits have been made, the return is then provided to the treasurer and the finance committee for further review and approval. it is made available to the full board before it is filed. Form 990, Part VI, Section B, line 12c ON AN ANNUAL BASIS, THE SECRETARY SHALL SEND TO EACH PERSON WHO IS A DIRECTOR OR OFFICER OF THE SCHOOL, AND TO THOSE KEY EMPLOYEES OF THE SCHOOL AS THE BOARD MAY DETERMINE, A COPY OF THIS POLICY REGARDING CONFLICT OF INTEREST, TOGETHER WITH A QUESTIONNAIRE INQUIRING AS TO CONFLICTS. ALL OTHER EMPLOYEES WILL BE MADE AWARE OF THE POLICY FROM THE DIRECTOR OF HUMAN RESOURCES, AND THEY SHOULD DISCLOSE ANY CONFLICTS OF INTEREST. IT SHALL BE THE DUTY OF EACH DIRECTOR, OFFICER AND KEY EMPLOYEE, AS THE CASE MAY BE, TO INFORM THE SECRETARY AND THE HEADMASTER OF ANY AND ALL CHANGES IN THE INFORMATION SET FORTH IN THE QUESTIONNAIRE OR OTHERWISE UPDATE THE SECRETARY IN A TIMELY FASHION. WHEN IN DOUBT AS TO WHETHER A CONFLICT OF INTEREST EXISTS, OR MAY EXIST, IT SHALL BE THE DUTY OF EACH PERSON TO INFORM THE SECRETARY OR HEADMASTER FOR CLARIFICATION. Form 990, Part VI, Section B, line 15 AVON OLD FARMS COMPENSATION GOAL PROVIDES A TOTAL COMPENSATION PROGRAM WHICH RECOGNIZES INDIVIDUAL PERFORMANCE AND MAINTAINS A COMPETITIVE MARKET POSITION. THE SCHOOL'S HUMAN RESOURCES DEPARTMENT UTILIZES THE FOLLOWING FACTORS TO ESTABLISH EMPLOYEE PAY LEVELS AND BENEFITS INCLUDING: MARKET SURVEY OF COMPARABLE POSITIONS AT COMPARABLE PRIVATE SCHOOLS, PERFORMANCE EVALUATIONS, REGIONAL COST OF LIVING DIFFERENTIALS, AS WELL AS RECRUITMENT AND RETENTION EXPERIENCE. THE BOARD'S EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE EXECUTIVE AND KEY EMPLOYEES' COMPENSATION PACKAGES ANNUALLY. Form 990, Part VI, Section C, line 19 THE SCHOOL PROVIDES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 UPON REQUEST. Form 990, Part XI, line 9: CHANGE IN VALUE OF SWAP AGREEMENT -1,369,202. PROVISION FOR UNCOLLECTIBLE PLEDGES -152,074. form 990, part XII, line 2c: There were no changes to the School's oversight or selection processes during the tax year. AVON OLD FARMS SCHOOL FOUNDATION 500 OLD FARMS ROAD AVON CT 06001 066386828 FORMED FOR THE PURPOSE OF OPERATING AS A SUPPORTING ORG. FOR THE SCHOOL. CT 501(c)(3) TYPE 1 avon old farms school inc 1 THE RIDDLE TRUST 500 OLD FARMS ROAD AVON CT 06001 066074707 PROVIDE FINANCIAL SUPPORT TO AVON OLD FARMS SCHOOL. CT 4947 (A)(1) CHARITABLE TRUST avon old farms school inc 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0