2017-02-03T12:35:18-06:00 2016-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2015-07-01 060646805 The Rectory School Inc RECT 8609287759 528 Pomfret Street Pomfret CT 06258 FREDERICK W WILLIAMS HEADMASTER 8609287759 2017-02-03 1 JOHN TOSCANO P00358542 9592007000 2015 2021-01-29 14:40:06Z FREDERICK W WILLIAMS 528 Pomfret Street Pomfret CT 06258 15682462 0 X www.rectoryschool.org X 1935 CT To provide students, from early childhood through middle school, with an enriched and supportive academic, social and ethical community that addresses individual learning styles, aptitudes and needs while promoting personal self-worth and accountability. The school community lives The Rectory School Creed: Responsibility, Respect, Honesty, and Compassion. 21 20 173 0 0 0 4564849 1933277 11903160 12313895 695974 656989 147581 168915 17311564 15073076 1902304 1968416 0 0 7014932 7310349 0 0 677225 4630455 4344223 13547691 13622988 3763873 1450088 37542585 38616635 12043558 12889020 25499027 25727615 To provide students, from early childhood through middle school, with an enriched and supportive academic, social and ethical community that addresses individual learning styles, aptitudes and needs while promoting personal self-worth and accountability. 0 0 10773853 1968416 12453833 PROVIDE CO-EDUCATIONAL SERVICES AND SUPPORT TO APPROXIMATELY 243 STUDENTS IN GRADES 5 THROUGH 9 IN AN INDEPENDENT BOARDING AND DAY SCHOOL SETTING. 10773853 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 38 0 1 173 1 0 0 0 0 0 1 1 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X Tonya Rayment 8609286025 528 Pomfret Street Pomfret CT 06258 Blair F Bigelow Trustee 1.00 X 0 0 0 William C Blind Jr Trustee 1.00 X 0 0 0 Lisa T Canter MD Trustee 1.00 X 0 0 0 Jinho Cho Trustee 1.00 X 0 0 0 Daniel J De Nuccio Trustee 1.00 X 0 0 0 Crista F Durand Treasurer 1.00 X X 0 0 0 Matthew A Green Trustee 1.00 X 0 0 0 George D Groom Trustee 1.00 X 0 0 0 Laurence N Hale II Chairman 1.00 X X 0 0 0 Nathaniel P Hamilton Jr Trustee 1.00 X 0 0 0 Bradford Hastings Secretary 1.00 X X 0 0 0 William P Loftus III Trustee 1.00 X 0 0 0 William T Loos Trustee 1.00 X 0 0 0 Jeffrey Lupient Trustee 1.00 X 0 0 0 John Frampton Maybank Jr Trustee 1.00 X 0 0 0 Jo Ann Morelli Suriano Trustee 1.00 X 0 0 0 Kathleen R Naumann Vice Chairperson 1.00 X X 0 0 0 Kate R Salop Trustee 1.00 X 0 0 0 Kevin M Tubridy Trustee 1.00 X 0 0 0 Johnny L L Wells Trustee 1.00 X 0 0 0 Elizabeth H Zimmermann Trustee 1.00 X 0 0 0 Frederick W Williams Headmaster 50.00 X 214972 0 74290 Tonya Rayment Chief Financial Officer 50.00 X 104567 0 17554 NANCY GINGRAS DIRECTOR OF DEVELOPMENT 50.00 X 112516 0 27493 432055 0 119337 3 0 1 0 CHARTWELLS po box 417632 boston MA 022417632 dining services 438346 flik independent school dining po box 417632 boston MA 022417632 dining services 282205 karl norton architect llc 25 ledgebrook drive mansfield CT 06250 construction services 210768 e&r laundry & dry cleaners 80 ross ave manchester NH 03103 laundry services 136652 legends limosine service po box 213 east lyme CT 06333 limousine services 117338 5 25994 1907283 777836 1933277 TUITION AND FEES 611710 11509086 11509086 AUXILIARY PROGRAMS 611710 804809 804809 12313895 149704 149704 1051856 544571 507285 507285 507285 9696 25994 11692 -1996 -1996 9450 1123 8327 8327 64343 52000 12343 12343 FEES, DEPOSITS AND OTHER INCOME 611710 150241 127595 22646 150241 15073076 12453833 0 685966 1968416 1968416 368160 24234 246993 96933 5026236 3850404 857645 318187 236821 179025 42162 15634 1290527 1057358 183306 49863 388605 269673 98864 20068 4197 4197 42375 42375 4276 4276 215020 155638 51649 7733 49269 2041 47228 163009 1444 132562 29003 147840 110880 22176 14784 665680 565828 66568 33284 107202 40749 41595 24858 5534 5534 250300 225270 25030 952563 857307 95256 98248 98248 food 705744 705744 STUDENT SERVICES AND AC 181005 181005 EXPERIENTIAL LEARNING 175870 175870 EDUCATIONAL SUPPLIES AN 165303 165303 410788 237664 106246 66878 13622988 10773853 2171910 677225 4985565 4817219 1527217 1908200 1192055 969894 51362 86651 19550 17759 96119 94616 32085686 14434969 16791352 17650717 12879365 13071579 37542585 38616635 601887 835051 4235771 4856534 6788198 6628577 417702 568858 12043558 12889020 X 14817741 15469757 5806037 4285992 4875249 5971866 25499027 25727615 37542585 38616635 X 1450088 -1020624 -200876 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12791290 1019888 -374819 475000 12961359 10273369 2947850 -104929 325000 12791290 9116589 293481 1188299 325000 10273369 8290484 7975 1143130 325000 9116589 8447188 39497 103799 300000 8290484 0.35800 0.43100 0.21100 0 0 27985003 12601146 15383857 2130902 1479040 651862 1969781 354783 1614998 17650717 INTEREST RATE SWAP AGREEMENT 355976 CUSTODIAL LIABILITIES 212882 568858 X 11943699 -1020624 -2169292 -3189916 15133615 4276 -64815 -60539 15073076 11715111 64815 64815 11650296 4276 1968416 1972692 13622988 Part V, Line 4: Earnings from the School's endowment funds are utilized to satisfy donor restrictions on the use of the earnings, if any, and to support the School's operations. Part X, Line 2: The School had no uncertain tax positions at June 30, 2016 or 2015. The School'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 statements of financial position. Part XI, Line 2d - Other Adjustments: change in value of swap agreement -200,876. FINANCIAL AID -1,968,416. Part XI, Line 4b - Other Adjustments: FUNDRAISING EXPENSES -12,815. COST OF GOODS SOLD -52,000. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD 52,000. SPECIAL EVENTS EXPENSE 12,815. Part XII, Line 4b - Other Adjustments: FINANCIAL AID 1,968,416. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 STATEMENT OF NON-DISCRIMINATORY POLICY IS PUBLISHED IN LOCAL AND REGIONAL NEWSPAPERS AS WELL AS ON THE SCHOOL'S WEBSITE. golf tournament 35690 25994 9696 10136 45 1511 35690 25994 9696 10136 45 1511 11692 -1996 9450 1123 0 9450 1123 1123 8327 CT 1 0 0 0 tonya rayment chief financial offi 528 pomfret street pomfret CT 06258 0 tonya rayment Chief Financial Offi 0 accounting for gaming results X 0 1 FINANCIAL AID 80 1968416 FAIR VALUE FINANCIAL AID Part I, Line 2: FINANCIAL AID IS GRANTED TO FAMILIES ON A NEED BASIS. APPLICATION FORMS MUST BE FILED WITH THE SCHOOL SCHOLARSHIP SERVICE OF PRINCETON, NEW JERSEY. X X X 1 0 X X X X X 0 0 0 0 0 0 0 1 0 Frederick W Williams Headmaster 190111 0 12000 0 12861 0 9814 0 64476 0 289262 0 0 0 Part I, Line 1a THE HEAD AND HEAD'S FAMILY MUST RESIDE IN THE HEADMASTER'S RESIDENCE IN ORDER FOR THE HEAD TO EFFECTIVELY PERFORM PRESCRIBED DUTIES, INCLUDING, BUT NOT LIMITED TO, PROVIDING STUDENTS AND TEACHERS OFF HOURS WITH ACCESS TO LOCKED BUILDINGS AND OTHER CAMPUS VENUES WHEN NECESSARY, PROVIDING CAMPUS OVERSIGHT DURING EVENINGS AND WEEKENDS AND VACATIONS, AND PROVIDING COVENIENT ADMINISTRATIVE PRESENCE AT SCHOOL EVENTS. THE HEAD'S OCCUPATION OF THIS RESIDENCE IS A CONDITION OF HIS EMPLOYMENT BY THE SCHOOL AND IS FOR THE CONVENIENCE OF THE SCHOOL. AS A REPRESENTATIVE OF THE SCHOOL, THE HEAD USES SAID HOUSE FOR MEETINGS OF DONORS, STUDENTS, TEACHERS, STAFF MEMBERS, ALUMNI, VISITING TEACHERS, SCHOLARS, TRUSTEES, AND SPEAKERS, AND FOR SUCH OTHER SCHOOL FUNCTIONS AND AFFAIRS AS SHALL BE APPROPRIATE FOR THE BEST INTEREST AND DEVELOPMENT OF THE SCHOOL. Part I, Line 7 THE HEADMASTER IS ELIGIBLE FOR A DISCRETIONNARY BONUS BASED ON CERTAIN PERFORMANCE MEASURES AS DEFINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2012-01-05 7500000 REFUNDING OF SERIES A BONDS ISSUED NOV 2000 AND FOR BUILDINGS AND STRUCTURE 0 0 0 A 683720 7500000 150000 7350000 1 0 1 1 A 0 0 0 0 1 1 RBS CITIZENS NA 10.000000000000 0 0 0 0 1 A 0 various children of board of trustee members 13000 financial aid MARCIA WILLIAMS SPOUSE OF THE SCHOOL'S HEADMASTER 50584 COMPENSATION FOR DATABASE ADMINISTRATIVE SERVICES 0 X 6 777836 fair market value 0 0 1 Part I, Column (b): THE AMOUNT IN COLUMN B REPRESENTS NUMBER OF CONTRIBUTions. Part I, Line 32b: The School maintains an account with a financial institution through which gifts of appreciated securities are liquidated. Form 990, Part VI, Section B, line 11 THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE PRIOR TO BEING PRESENTED TO THE FULL BOARD FOR ITS REVIEW AND APPROVAL. THE APPROPRIATE OFFICER OF THE SCHOOL IS INFORMED OF THE APPROVAL AND THE FORM IS FILED ELECTRONICALLY. Form 990, Part VI, Section B, line 12c The identification and successful resolution of conflicts and potential conflicts depends on complete and timely disclosure. Disclosure will occur through an annual written statement and the notification to the board chair of other actual or potential conflicts, as they arise. All financial and material facts relating to potential conflict of interests shall be disclosed. Annually, each board and committee member shall sign and file a disclosure statement that shall be kept with the records of the board. Prior to appointment, all future board and committee members shall do likewise. Signing of a disclosure statement acknowledges that a person has received, read and understands, and complies with the policy as it relates to membership on and actions of the board and committees. Disclosure statements shall be reviewed by the executive committee which shall recommend action by the board, if necessary. Whenever a potential conflict arises that has not been identified on a disclosure form, it shall be disclosed to the chair of to the executive committee in a timely fashion, and made a part of the record of the board. Whenever necessary, the board shall take appropriate action with respect to persons who are in violation of this policy. If the board has reasonable cause to believe that a member of the board or a committee has failed to disclose actual or potential conflicts, either in writing or, at a later date, to the chair, it shall inform the person of its belief and afford the person an opportunity to provide an explanation. If, after hearing the explanation of the person and making further investigation deemed necessary under the circumstances, it is decided that the person failed to disclose in a proper fashion the actual or potential conflict, the board shall take appropriate corrective or disciplinary action. The board, through its executive committee, shall undertake periodic reviews to determine compliance with this policy. It shall report its findings to the full board and include recommendations for revision, where necessary. Form 990, Part VI, Section B, line 15 THE SCHOOL'S EXECUTIVE COMMITTEE REVIEWS THE SALARY AND BENEFITS OF THE HEADMASTER IN COMPARISON TO THE SALARIES OF THE HEADS OF SCHOOLS OF SIMILAR SIZE. THE HEADMASTER'S CONTRACT IS PRESENTED TO THE BOARD FOR OVERALL APPROVAL. THE HEADMASTER AND THE EXECUTIVE COMMITTEE REVIEW THE SALARY OF THE DIRECTOR OF FINANCE IN COMPARISON TO THE SALARIES OF INDIVIDUALS IN SIMILAR POSITIONS AT PEER SCHOOLS. Form 990, Part VI, Section C, line 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, line 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -200,876. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.