2017-05-15T15:35:50-05:00 2016-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2015-07-01 060646562 BRUNSWICK SCHOOL INC BRUN 2036255815 100 MAHER AVENUE GREENWICH CT 068305618 KATHLEEN HARRINGTON CHIEF FINANCIAL OFFICER 2036255815 2017-05-15 1 GARRETT M HIGGINS P00543209 2122862600 2017-05-15 2015 2021-01-29 14:40:06Z KATHLEEN HARRINGTON 100 MAHER AVENUE GREENWICH CT 068305618 64571256 0 X WWW.BRUNSWICKSCHOOL.ORG X 1932 CT BRUNSWICK IS AN INDEPENDENT COLLEGE-PREPARATORY DAY SCHOOL FOR BOYS IN GRADES PRE-K THROUGH 12. STUDENTS SUCCEED BY ANNUALLY ADVANCING MATRICULATION, CULMINATING WITH A 100% PLACEMENT RECORD FOR SENIOR BOYS AT NATIONALLY RECOGNIZED, HIGHLY COMPETITIVE COLLEGES AND UNIVERSITIES. BRUNSWICK SCHOOL HOLDS LONG-STANDING ACCREDITATION BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES. 30 30 357 300 18466 0 15400405 15755291 35964750 36973784 3964375 1977654 368517 384989 55698047 55091718 5415579 5493762 0 0 24598663 25686860 0 0 2392272 14044164 14458319 44058406 45638941 11639641 9452777 303417757 305205801 63038985 60078907 240378772 245126894 X SEE SCHEDULE O 0 0 30997476 5493762 36011818 EDUCATION FOR APPROXIMATELY 960 STUDENTS IN CLASSES FROM PRE-KINDERGARTEN THROUGH 12TH GRADE 4278475 752477 REQUIRED ATHLETIC AND VOLUNTARY SUMMER PROGRAMS 3005370 444296 STUDENT SERVICES INCLUDING FOOD SERVICE AND BOOKSTORE. 38281321 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 115 0 357 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 30 30 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA IL MA NH NJ NY PA VA X X KATHLEEN F HARRINGTON CHIEF FINANCIAL OFFICER 2036255815 99 MAHER AVENUE GREENWICH CT 06830 MR GREGORY BARTON HARTCH CHAIRMAN 8.00 X X 0 0 0 MR ROBERT F CARANGELO SECRETARY 4.00 X X 0 0 0 MS KERRY TYLER TREASURER 4.00 X X 0 0 0 MR RICHARD AXILROD TRUSTEE 2.00 X 0 0 0 MS JAMES F BELL IV TRUSTEE 2.00 X 0 0 0 MR WILLIAM R BERKLEY JR TRUSTEE 2.00 X 0 0 0 MRS NANCY M BETTER TRUSTEE 2.00 X 0 0 0 MR MICHAEL BINGLE TRUSTEE 2.00 X 0 0 0 MR TODD L BOEHLY TRUSTEE 2.00 X 0 0 0 MR MARK CAMEL TRUSTEE 4.00 X 0 0 0 MR FRANK CARROLL TRUSTEE 2.00 X 0 0 0 MS CHRISTINE J CHAO TRUSTEE 2.00 X 0 0 0 MR MARK F DZIALGA TRUSTEE 2.00 X 0 0 0 MR PHILIP A HADLEY TRUSTEE 2.00 X 0 0 0 MR CARLOS HERNANDEZ TRUSTEE 2.00 X 0 0 0 MS NISHA KUMAR BEHRINGER TRUSTEE 2.00 X 0 0 0 MR ANTHONY MANN TRUSTEE 2.00 X 0 0 0 MR ROBERT E MICHALIK TRUSTEE 2.00 X 0 0 0 MR D IAN MCKINNON TRUSTEE 2.00 X 0 0 0 MR THOMAS D O'MALLEY JR TRUSTEE 4.00 X 0 0 0 MR DOUGLAS I OSTROVER TRUSTEE 2.00 X 0 0 0 MS SUZANNE PEISCH TRUSTEE 2.00 X 0 0 0 MR PHILIP F PIERCE TRUSTEE 2.00 X 0 0 0 MR STEPHEN R PIERCE TRUSTEE 2.00 X 0 0 0 MS JEANNIE W ROSE TRUSTEE 2.00 X 0 0 0 MR DAVID SALOMON TRUSTEE 2.00 X 0 0 0 MR WILLIAM A SCHNEIDER TRUSTEE 4.00 X 0 0 0 MR SCOTT STUART TRUSTEE 2.00 X 0 0 0 MR MICHAEL A TROY TRUSTEE 4.00 X 0 0 0 MR TYLER J WOLFRAM TRUSTEE 2.00 X 0 0 0 MR THOMAS W PHILIP HEADMASTER 40.00 X 444419 0 394078 MS KATHLEEN HARRINGTON CFO 40.00 X 207875 0 73052 MR THOMAS MURRAY DIRECTOR OF DEVELOPMENT 40.00 X 280464 0 127924 MR TIMOTHY F OSTRYE DIRECTOR OF ATHLETICS 40.00 X 156484 0 37723 MR SUNIL GUPTA DIRECTOR OF TECHNOLOGY 40.00 X 182043 0 42266 MR ANDREW HALL CHAIR OF VISUAL & PERFORMI 40.00 X 155724 0 50446 MR DOUGLAS BURDETT DIRECTOR OF COLLEGE GUIDAN 40.00 X 170739 0 116157 MRS GINA HURD DEAN OF ADMISSIONS 40.00 X 151294 0 50114 1749042 0 891760 53 0 1 0 FLIK COMPASS GROUP PO BOX 417632 BOSTON MA 02241 DINING SERVICE 1338489 TURNER CONSTRUCTION 440 WHEELERS FARM ROAD MILLFORD CT 06461 CONSTRUCTION MANAGEMENT/CONTRACTING 1250000 AP CONSTRUCTION COMPANY 707 SUMMER STREET STAMFORD CT 06901 CONSTRUCTION MGT/CONTRACTING 656824 GREEN RIDGE BUILDING GROUP LLC 8 SHELTER DRIVE STAMFORD CT 06901 CONSTRUCTION MANAGEMENT/CONTRACTING 252612 FLAGSHIP PRESS INC 150 FLAGSHIP DRIVE ANDOVER MA 01845 GRAPHIC DESIGNER 168478 7 558585 15196706 800197 15755291 STUDENT TUITION 611710 35736654 35736654 AFTER SCHOOL PROGRAMS & OTHER FEE 611710 719460 719460 SUMMER PROGRAM 611710 517670 517670 36973784 339993 18466 321527 821729 732540 89189 89189 89189 8241569 1150000 6582447 1171461 1659122 -21461 1637661 1637661 472955 558585 419984 52971 52971 807913 573106 234807 234807 OTHER REVENUE 900099 8022 8022 8022 55091718 37208591 18466 2109370 5493762 5493762 1512149 1223087 195774 93288 18648606 14830125 2591940 1226541 1521035 1241048 190955 89032 2448563 2031461 265875 151227 1556507 1291287 177115 88105 37379 37379 83047 83047 41512 41512 178254 133594 44660 28711 10819 7388 10504 1765254 943061 520168 302025 116885 11819 94116 10950 939202 837371 101114 717 292387 292387 320223 299367 10169 10687 1337706 1337706 5206764 5113192 52164 41408 268881 268881 BLDG MAINT & CONTRACTS 1511503 1501051 9167 1285 CATERING 1388109 1388109 ANNUAL CAMPAIGN EXPENSE 405039 89591 31847 283601 OTHER DIRECT OPERATING 360430 170334 120626 69470 177033 42150 121451 13432 45638941 38281321 4965348 2392272 12046230 19673480 40281121 31606977 17326295 14448439 340777 209763 168284 168284 160382 213655 194563598 59436402 135569362 135127196 26993931 24553689 69981596 78794687 549779 409631 303417757 305205801 5142570 5706306 13853194 13083651 34570000 33265000 2104000 604000 7369221 7419950 63038985 60078907 X 184505486 185307465 14916194 15434509 40957092 44384920 240378772 245126894 303417757 305205801 9452777 -4704655 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 113573765 4651834 -2652665 2616105 112956829 103453017 6971508 6047503 2898263 113573765 91565910 4361532 10198057 2672482 103453017 80485015 3947384 9815611 2682100 91565910 83986974 1217582 -167970 4551571 80485015 0.56880 0.34260 0.08860 0 0 18012348 18012348 134117745 39413405 94704340 19788567 15397933 4390634 22644938 4625064 18019874 135127196 EQUITY STRATEGY FUND 45401301 F MULTI-STRATEGY FUND 19882040 F PE LIMITED PARTNERSHIPS 13511346 F 78794687 ENROLLMENT DEPOSITS 4657195 ASSET RETIREMENT OBLIGATION 200691 UNAMORTIZED BOND PREMIUM 2562064 7419950 X 46178896 -4704655 1327107 -3377548 49556444 41512 5493762 5535274 55091718 41430774 1327107 1327107 40103667 41512 5493762 5535274 45638941 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF OVER 81 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND AMOUNTS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE SCHOOL HAS ADOPTED AN INVESTMENT POLICY AND A SPENDING POLICY, APPROVED BY THE SCHOOL'S BOARD OF TRUSTEES. FOR DONOR-RESTRICTED ENDOWMENT ASSETS, THE POLICIES ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO DONOR-RESTRICTED PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE RELATED ENDOWMENT ASSETS. ENDOWMENT ASSETS ARE INVESTED WITH A MODERATE LEVEL OF INVESTMENT RISK IN ACCORDANCE WITH AN ASSET ALLOCATION STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE SCHOOL TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES AN EMPHASIS ON ALTERNATIVE INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE SPENDING POLICY CALLS FOR ANNUAL WITHDRAWALS FROM THE DONOR-RESTRICTED FUNDS FOR DONOR-RESTRICTED PURPOSES CALCULATED AS FOUR PERCENT OF THE AVERAGE MARKET VALUE OF THE DONOR-RESTRICTED FUNDS OVER THE MOST RECENT THREE-YEAR PERIOD. IN ADDITION, THERE ARE ANNUAL WITHDRAWALS FROM BOARD-DESIGNATED FUNDS FOR THE SCHOOL'S LONG TERM DEBT SERVICE. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (THE CODE). THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED AND ACCORDINGLY BELIEVES THAT ITS INCOME TAX POSITIONS ARE CONSISTENT WITH ITS EXEMPTION. CONTRIBUTIONS MADE TO THE SCHOOL ARE QUALIFIED FOR THE MAXIMUM TAX DEDUCTION ALLOWABLE UNDER THE CODE. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE SCHOOL'S PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. THE SCHOOL DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDED JUNE 30, 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 732,540. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 573,106. OTHER SELLING EXPENSES REPORTED ON PART VIII, LINE 7B 21,461. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 5,493,762. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 732,540. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 573,106. OTHER SELLING EXPENSES REPORTED ON PART VIII, LINE 7B 21,461. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 5,493,762. 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 GENERAL STATEMENT OF NON-DISCRIMINATION IS INCLUDED IN ALL ADVERTISEMENTS, IN NEWSPAPERS OF GENERAL CIRCULATION, AND OTHER PRINTED MEDIA RELATING TO THE RECRUITMENT OF STUDENTS AND EMPLOYEES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 53782080 0 0 0 0 0 0 53782080 0 53782080 1 0 1 1 1 0 SCHEDULE F, PART IV, LINE 3 : THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 AND FORM 8621 BECAUSE IT DOES NOT MEET THE APPLICABLE FILING THRESHOLD REQUIREMENT AND OWNERSHIP REQUIREMENT. BENEFIT 751303 481943 269360 86957 101854 55935 MAYFAIR 57825 57825 20000 1023 5 222412 76642 145770 2426 1479 9533 3285 137492 1031540 558585 472955 2426 1479 96490 125139 194450 419984 52971 1 FINANCIAL AID 159 5493762 PART I, LINE 2: THE SCHOOL GRANTS FINANCIAL AID AWARDS TO STUDENTS WHO DEMONSTRATE FINANCIAL NEED. STUDENTS SEEKING AID ARE REQUIRED TO COMPLETE THE SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID (SSS) APPLICATION. THE SCHOOL USES THE ANALYSIS OF SSS IN DETERMINING THE AMOUNT OF EACH STUDENT'S FINANCIAL AID AWARD. THE STUDENT'S TUITION BILL IS REDUCED BY THE AMOUNT OF THE FINANCIAL AID AWARDED. THE SCHOOL GRANTS TUITION REMISSION TO STUDENTS OF FULL-TIME FACULTY AND ADMINISTRATORS WHO DEMONSTRATE FINANCIAL NEED. X 1 1 X X X X 1 1 0 0 0 0 0 1 0 MR THOMAS W PHILIP HEADMASTER 365304 0 55000 0 24115 0 244450 0 149628 0 838497 0 0 0 MS KATHLEEN HARRINGTON CFO 177599 0 30000 0 276 0 49253 0 23799 0 280927 0 0 0 MR THOMAS MURRAY DIRECTOR OF DEVELOPMENT 222054 0 35000 0 23410 0 30212 0 97712 0 408388 0 0 0 MR TIMOTHY F OSTRYE DIRECTOR OF ATHLETICS 155692 0 0 0 792 0 20163 0 17560 0 194207 0 0 0 MR SUNIL GUPTA DIRECTOR OF TECHNOLOGY 163767 0 0 0 18276 0 20995 0 21271 0 224309 0 0 0 MR ANDREW HALL CHAIR OF VISUAL & PERFORMI 137448 0 0 0 18276 0 19803 0 30643 0 206170 0 0 0 MR DOUGLAS BURDETT DIRECTOR OF COLLEGE GUIDAN 148043 0 0 0 22696 0 35385 0 80772 0 286896 0 0 0 MRS GINA HURD DEAN OF ADMISSIONS 132778 0 0 0 18516 0 32798 0 17316 0 201408 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO THE HEADMASTER AS HE IS REQUIRED TO LIVE ON CAMPUS. THE HOUSING BENEFIT IS PART OF HIS NON-TAXABLE COMPENSATION TOTALING $80,000. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). THE FOLLOWING EMPLOYEES RECEIVED A TAXABLE HOUSING BENEFIT. THESE AMOUNTS WERE INCLUDED IN THE FORM 990, BOX 5 AND REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). - THOMAS MURRAY: $18,000 - SUNIL GUPTA: $18,000 - ANDREW HALL: $12,800 - DOUGLAS BURDETT: $18,000 - GINA HURD: $18,000 AUTOMOBILE ALLOWANCE THE AUTOMOBILE ALLOWANCE FOR HEADMASTER THOMAS W. PHILIP IN THE AMOUNT OF $6,089 IS A PART OF HIS COMPENSATION AGREEMENT AND IS REFLECTED IN AS A PART OF TAXABLE INCOME AND INCLUDED IN HIS 2015 FORM W-2, BOX 5. THIS AMOUNT IS REPORTED ON FORM 990, PART II, COLUMN B(III). PART I, LINES 4A-B LINE 4B NONQUALIFIED RETIREMENT PLAN - THE SCHOOL MAINTAINS A 457(F) DEFERRED COMPENSATION PLAN IN WHICH CERTAIN SENIOR EXECUTIVES PARTICIPATE. FUNDED AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THOMAS W. PHILIP, KATHLEEN HARRINGTON, DOUGLAS BURDETT AND GINA HURD PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT FUND 457(F) AND RECEIVED A FUNDING TO THEIR DEFERRED COMPENSATION UNDER A 457(F) PLAN IN THE AMOUNT OF $210,000, $25,000, $15,000, AND $15,000 ACCORDINGLY. THESE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (C). THOMAS W. PHILIP RECEIVED FUNDING/CONTRIBUTION TO HIS DEFERRED COMPENSATION UNDER 457(B) PLAN TOTALING $17,750. THIS AMOUNT IS TAXABLE, INCLUDED IN HIS 2015 FORM W-2, BOX 5 AND IS REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J, PART III, COLUMN B(III). PART I, LINE 7 THE HEADMASTER OF THE SCHOOL, THOMAS W. PHILIP, DIRECTOR OF DEVELOPMENT, THOMAS MURRAY AND THE CHIEF FINANCIAL OFFICER, KATHLEEN HARRINGTON, RECEIVED FROM THE ORGANIZATION A BONUS IN THE AMOUNT OF $55,000, $35,000 AND $30,000, ACCORDINGLY. THE BONUSES WERE BASED ON THE DISCRETION OF THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE BONUSES WERE BASED UPON A REVIEW OF THEIR PERFORMANCES, AND APPROVED BY THE COMPENSATION COMMITTEE PRIOR TO BEING AWARDED. SCHEDULE J, PART II COLUMN D: NONTAXABLE BENEFITS INCLUDE CONTRIBUTIONS TO EMPLOYEE HEALTH AND OTHER BENEFIT PLANS FOR ALL EMPLOYEES, AND TUITION BENEFITS FOR EMPLOYEES WITH CHILDREN ATTENDING PRE-K THROUGH TWELFTH GRADE. A STATE OF CT HEALTH AND EDUCATIONAL FACILITIES AUTHOR 060806186 20774LZV0 2012-03-29 38470000 BOND REFINANCING 1 1 0 A 40325000 41990411 41903852 576414 2005 1 1 1 1 A 0 0 0 0 0 0 1 A 0 1 1 0 0 0 0 0 0 A 0 SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF ISSUE INCLUDES THE ISSUE PRICE IN THE AMOUNT OF $38,470,000 (PART I, LINE A, COLUMN (E)) PLUS INVESTOR'S PAID A $3,520,411 PREMIUM FOR THE NEW BONDS. TOTAL PROCEED IS $41,990,411. X 66 800197 FMV AT TIME OF DONATION 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN PART 1, COLUMN (B) OF SCHEDULE M. SCHEDULE M, LINE 31 GIFT ACCEPTANCE POLICY THE SCHOOL EMPLOYS A GIFT ACCEPTANCE POLICY THAT ASSURES COMPLETE, ACCURATE AND CONSISTENT REPORTING OF GIFTS AND PLEDGES, COMPLIES WITH INTERNAL REVENUE SERVICE REGULATIONS AND ACCEPTABLE BUSINESS PRACTICES, PROTECTS THE SCHOOL'S REPUTATION AND TAX EXEMPT STATUS AND UPHOLDS ETHICAL GIVING STANDARDS AND AVOIDS REAL OR PERCEIVED CONFLICTS OF INTEREST. THE POLICY APPLIES TO THE DEVELOPMENT OFFICE STAFF AND ALL OTHER PERSONS INVOLVED IN SOLICITING, DOCUMENTING, ADMINISTERING, AND ACKNOWLEDGING GIFTS MADE FOR THE BENEFIT OF BRUNSWICK SCHOOL. THE POLICY IS DESIGNED TO ENSURE THAT DONORS FIND THE PROCESS OF GIVING EASY, UNDERSTANDABLE, AND CONSISTENT; THAT GIFTS ARE APPROPRIATE TO THE MISSION AND PRIORITIES OF THE SCHOOL; THAT NO GIFTS IMPOSE UNANTICIPATED FINANCIAL BURDENS ON THE SCHOOL; AND THAT IF GIFTS ARE RESTRICTED OR INTENDED FOR LONG-TERM USE, DOCUMENTATION OF THE PURPOSE FULFILLMENT IS MAINTAINED AND COMMUNICATED TO THE DONOR. FORM 990, PART III, LINE 1: BRUNSWICK SCHOOL, INC. (THE SCHOOL) IS A NOT FOR PROFIT DAY SCHOOL, FOUNDED IN 1902, FOR BOYS IN PRE KINDERGARTEN THROUGH TWELFTH GRADE. THE SCHOOL, WHICH IS LOCATED IN GREENWICH, CONNECTICUT, IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. THE PURPOSE OF THE SCHOOL IS TO EDUCATE THE "WHOLE BOY". IT WILL DO SO BY HELPING BOYS AND YOUNG MEN - WITHOUT REGARD TO CULTURE, ETHNICITY OR RELIGION - ACQUIRE THE PERSONAL, INTELLECTUAL AND PHYSICAL TRAINING THAT WILL BEST ENABLE THEM TO GROW INTO RESPONSIBLE ADULTS WHO CAN MAKE SIGNIFICANT AND LASTING CONTRIBUTIONS TO SOCIETY. SINCE 1902, BRUNSWICK SCHOOL HAS BEEN, IN THE WORDS OF GEORGE CARMICHAEL, ITS FOUNDER, "ABLY AND GENEROUSLY PREPARING BOYS FOR LIFE." THROUGH A RICH AND RIGOROUS COLLEGE PREPARATORY CURRICULUM, THE SCHOOL STRIVES FOR THE FULLEST INTELLECTUAL DEVELOPMENT OF EVERY YOUNG MAN. THE SCHOOL'S ACADEMIC PROGRAMS SEEK TO INSTILL IN EACH STUDENT A DESIRE TO LEARN, TO CHALLENGE EACH BOY TO FULFILL HIS OWN UNIQUE POTENTIAL, TO FOSTER CRITICAL THINKING SKILLS AND TO DEVELOP THE CREATIVE AND INDEPENDENT QUALITIES OF MIND NECESSARY TO INTELLECTUAL MATURITY AND INCREASED SELF-CONFIDENCE. THE SCHOOL ALSO BELIEVES THAT A COMPLETE EDUCATION MUST INCLUDE LESSONS THAT TAKE PLACE OUTSIDE THE CLASSROOM. THROUGH ATHLETICS, ARTS AND SERVICE TO THE COMMUNITY, EVERY STUDENT IS ENCOURAGED TO DEVELOP HIS TALENTS TO THE FULLEST, TO UNDERSTAND THE OBLIGATION TO SHARE THEM GENEROUSLY, TO TAKE RISKS TO ENSURE GROWTH AND TO REFUSE TO ACCEPT NARROW DEFINITION OF HIMSELF. AND AS ITS YOUNG MEN GROW IN AN ATMOSPHERE OF TRUST, CARE AND MUTUAL RESPECT, THE SCHOOL ACCEPTS THAT ITS OVERRIDING OBJECTIVE IS TO FOSTER THE DEVELOPMENT OF STRONG CHARACTER. THE SCHOOL STRIVES TO INSTILL IN ITS STUDENTS THE VALUES OF HONESTY, INTEGRITY, COMPASSION AND TOLERANCE AND TO DEVELOP IN EACH STUDENT A SENSE OF RESPONSIBILITY TO HIMSELF, TO THOSE AROUND HIM, TO THE SCHOOL COMMUNITY AND TO THE GREATER SOCIETY. THE SCHOOL BELIEVES, ABOVE ALL ELSE, THAT IT IS THE STRENGTH OF A YOUNG MAN'S CHARACTER AND THE DEPTH OF HIS SPIRIT THAT DETERMINE AND DEFINE ALL GENUINE AND LASTING SUCCESS. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING ARE THE OFFICERS, DIRECTORS, TRUSTEES, OR KEY EMPLOYEES OF THE SCHOOL THAT HAVE A FAMILY RELATIONSHIP OR A BUSINESS RELATIONSHIP WITH ANOTHER OFFICER, DIRECTOR, TRUSTEE, OR KEY EMPLOYEE: BUSINESS RELATIONSHIP EXISTS BETWEEN MR. SANJEEV K. MEHRA, MR. PHILIP F.P. PIERCE AND MR. MICHAEL A. TROY. FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER OF THE BOARD OF TRUSTEES WILL REVIEW THE ANNUAL FORM 990 RETURN PRIOR TO FILING. THIS REVIEW WILL BE NOTED AS AN AGENDA ITEM AT BOTH AN AUDIT/FINANCE COMMITTEE MEETING AND A BOARD OF TRUSTEE MEETING AND WILL BE DULY NOTED IN THE MINUTES. THE COMPLETED FORM 990 WILL BE MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES RECEIVES A COPY OF THE FORM 990 EITHER ELECTRONICALLY OR IN PAPER FORM, PER THEIR REQUEST OF THE BUSINESS OFFICE OR TREASURER. FORM 990, PART VI, SECTION B, LINE 12C EACH NEW PERSON SERVING AS A TRUSTEE, OFFICER OR KEY EMPLOYEE OF BRUNSWICK SCHOOL IS REQUIRED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. EACH PERSON SERVING AS A TRUSTEE, OFFICER OR KEY EMPLOYEE OF BRUNSWICK SCHOOL SHALL ANNUALLY COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM, IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE PERSON AND/OR HIS OR HER IMMEDIATE FAMILY IS INVOLVED THAT HE OR SHE BELIEVES COULD GIVE RISE TO A CONFLICT OF INTEREST. THE CHAIR OF THE BOARD OF TRUSTEES AND THE HEADMASTER SHALL REVIEW EACH DISCLOSURE FORM AND DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST IT SHALL BE DISCLOSED TO THE BOARD OF TRUSTEES, OR ITS AUDIT AND FINANCE COMMITTEE, AND MADE A MATTER OF RECORD THROUGH AN APPROVED PROCEDURE. THE PRIOR APPROVAL OF THE BOARD OF TRUSTEES OR AUDIT AND FINANCE COMMITTEE SHALL BE REQUIRED FOR ANY BUSINESS ARRANGEMENT OR TRANSACTION INVOLVING A TRUSTEE OR KEY EMPLOYEE WHICH MAY CONSTITUTE A CONFLICT OF INTEREST. APPROVAL SHALL BE GRANTED ONLY IF THE ARRANGEMENT OR TRANSACTION IS FULLY DISCLOSED AND IS DETERMINED TO BE ON TERMS WHICH ARE FAIR TO AND IN THE BEST INTERESTS OF BRUNSWICK SCHOOL. ANY TRUSTEE HAVING A CONFLICT OF INTEREST SHALL NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER, AND SHALL NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE BOARD OR COMMITTEE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (COMPRISED OF TRUSTEES WITH NO CONFLICT OF INTEREST WITH REGARD TO INDIVIDUALS UNDER REVIEW) HIRES A CONSULTANT EVERY OTHER YEAR TO REVIEW COMPARABLE PACKAGES FOR THE HEADMASTER AND ASSISTANT HEADMASTER/DIRECTOR OF FINANCE. THE CONSULTANT PRESENTS DATA FOR COMPARABLE POSITIONS BOTH LOCALLY AND NATIONALLY AND THE COMPENSATION COMMITTEE MAKES THE FINAL DECISION FOR THE SALARY PACKAGE OVER THE 2-YEAR TIME FRAME, ASSUMING CONTINUATION OF EMPLOYMENT. THIS PROCESS WAS LAST UNDERTAKEN IN 2016. THE HEADMASTER DETERMINES THE COMPENSATION OF KEY EMPLOYEES BASED ON EXPERIENCE, CURRENT PERFORMANCE AND COMPARABLE LOCAL AND NATIONAL POSITIONS USING FAIRCHESTER AND NAIS STATISTICS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, THE FEDERAL FORM 990 WHICH INCLUDES FINANCIAL AND OTHER DISCLOSURES IS AVAILABLE ON GUIDESTAR. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. BRUNSWICK SCHOOL HOLDINGS LLC 25 PATTERSON AVENUE GREENWICH CT 068305618 060646562 FACULTY HOUSING CT 14760 2099187 BRUNSWICK SCHOOL INC BRUNSWICK SCHOOL HOLDINGS I LLC 151 RIVER RD GREENWICH CT 068305618 060646562 ATHLETIC FACILITY CT 5600 3122467 BRUNSWICK SCHOOL INC BRUNSWICK SCHOOL HOLDINGS II LLC 9 RIVERSVILLE RD GREENWICH CT 068305618 060646562 FACULTY HOUSING CT 73800 5850157 BRUNSWICK SCHOOL INC BRUNSWICK SHERWOOD HOLDINGS LLC SHERWOOD PLACE GREENWICH CT 068305618 060646562 FACULTY HOUSING CT 145200 7942210 BRUNSWICK SCHOOL INC BRUNSWICK 81 NORTHFIELD LLC 81 NORTHFIELD STREET GREENWICH CT 068305618 060646562 FACULTY HOUSING CT 0 762288 BRUNSWICK SCHOOL INC