2016-10-27T08:55:02-05:00 2016-06-30 221478099 COHNREZNICK LLP 350 Church Street 12th floor Hartford CT 06103 990 2015-07-01 050259101 The Wheeler School WHEE 4014218100 216 HOPE STREET PROVIDENCE RI 029062246 gary esposito BUSINESS MANAGER 4014218100 2016-10-26 1 JOHN TOSCANO P00358542 9592007000 2015 2017-02-10 21:41:12Z GARY ESPOSITO 216 HOPE STREET PROVIDENCE RI 029062246 32631233 0 X WWW.WHEELERSCHOOL.ORG X 1889 RI FOUNDED IN 1889, THE WHEELER SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR GIRLS AND BOYS FROM NURSERY THROUGH GRADE TWELVE IN PROVIDENCE, RHODE ISLAND. 22 22 579 250 0 0 2393498 1865860 27026454 27939489 557470 465596 1071246 852751 31048668 31123696 3319577 3722110 0 0 18586284 19185619 0 0 1356556 6866877 7293182 28772738 30200911 2275930 922785 86685880 86232004 10546509 9998910 76139371 76233094 X FOUNDED IN 1889, THE WHEELER SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR GIRLS AND BOYS FROM NURSERY THROUGH GRADE TWELVE IN PROVIDENCE, RHODE ISLAND. CENTRAL TO THE SCHOOL'S PHILOSOPHY IS THE ASSUMPTION THAT ALL OF US, STUDENTS AND TEACHERS ALIKE, CAN AND SHOULD CONTRIBUTE TO AND DRAW FROM THE EXTRAORDINARY ENERGY AND VITALITY WHICH IS CHARACTERISTIC OF THIS COMMUNITY. ALTHOUGH PREPARATION FOR COLLEGE IS A PRIMARY GOAL OF THE UPPER SCHOOL, OUR PROGRAM IN ALL DIVISIONS IS INTENDED TO BE BOTH ACADEMICALLY RIGOROUS AND DEVELOPMENTALLY APPROPRIATE. 0 0 22546627 3722110 27887959 EDUCATIONAL SERVICES TO STUDENTS ATTENDING NURSERY THROUGH 12TH GRADE. THE SCHOOL ENROLLED 825 STUDENTS FOR THE YEAR OF WHICH 95 STUDENTS GRADUATED FROM THE CLASS OF 2016 AND 100% OF THOSE GRADUATING PURSUED A COLLEGE EDUCATION. ADMINISTRATION AND FACULTY PARTICIPATED IN SCHOOL SUPPORTED PROFESSIONAL DEVELOPMENT PROGRAMS. A STRONG VOLUNTEER GROUP OF OVER 250 HELPED THE SCHOOL ACHIEVE ITS ANNUAL GIVING GOALS. THE RELATIONSHIP OF TECHNOLOGY AND CURRICULUM WAS A MAJOR INITIATIVE IN ALL DIVISIONS OF THE SCHOOL. A CAPITAL IMPROVEMENT PROJECT WAS STARTED TO RENOVATE AND REFURBISH ANGELL BUILDING, HOME TO THE LOWER SCHOOL FOR GRADES NURSERY THROUGH 5TH GRADE. 286957 459463 SUMMER CAMP - THE 2015 SUMMER CAMP ENROLLED AN AVERAGE OF 162 CAMPERS PER WEEK OVER THE COURSE OF AN 8-WEEK CAMP PERIOD. NEW PROGRAM INITIATIVES ATTRACTED CHILDREN NEW TO THE CAMP AND THE MARKET AREA FROM WHICH CHILDREN WERE DRAWN WAS EXPANDED AS A RESULT OF ENHANCED MARKETING EFFORTS. THE GOAL OF THE CAMP IS TO INTRODUCE PARENTS AND CHILDREN TO WHEELER AND TO PROVIDE NON-TUITION REVENUE TO SUPPORT ANNUAL OPERATIONS. 151922 293977 DAYCARE AND AFTER SCHOOL PROGRAMS SERVICE WHEELER STUDENTS IN NURSERY THROUGH GRADE 8. OPTIONS ARE AVAILABLE EVERY SCHOOL DAY FROM 11:30 AM TO 3:00 PM AND 3:00 PM TO 5:30 PM. APPROXIMATELY 60 STUDENTS WERE ENROLLED PER DAY IN AGE APPROPRIATE ACTIVITIES. 22985506 1 1 0 0 0 0 0 0 1 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 0 0 1 0 1 0 0 0 0 0 0 0 0 1 41 0 1 579 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 MA X GARY ESPOSITO 4014218100 216 HOPE STREET PROVIDENCE RI 029062246 KONIQUE BALLAH BOARD MEMBER 2.00 X 0 0 0 DAVID BEDRICK BOARD MEMBER 2.00 X 0 0 0 JACKY BESHAR BOARD MEMBER 2.00 X 0 0 0 CAROL CIMILLUCA BOARD MEMBER 2.00 X 0 0 0 DENNIS COLEMAN BOARD MEMBER 2.00 X 0 0 0 MEREDITH CURREN PRESIDENT 5.00 X X 0 0 0 STACY EMANUEL BOARD MEMBER 2.00 X 0 0 0 BARBARA GAINES BOARD MEMBER 2.00 X 0 0 0 JAMES KASE BOARD MEMBER 2.00 X 0 0 0 JAMES LOUSARIAN VICE PRESIDENT 5.00 X X 0 0 0 JAYASHREE NIMMAGADDA BOARD MEMBER 2.00 X 0 0 0 JUDITH REMONDI BOARD MEMBER 2.00 X 0 0 0 RONALD ROTONDO BOARD MEMBER 2.00 X 0 0 0 ALISIA ST FLORIAN BOARD MEMBER 2.00 X 0 0 0 KENNETH SHIMBERG BOARD MEMBER 2.00 X 0 0 0 REBECCA SPENCER BOARD MEMBER 2.00 X 0 0 0 ABBOT STRANAHAN SECRETARY 5.00 X X 0 0 0 RAYMOND URITESCU BOARD MEMBER 2.00 X 0 0 0 AL VERRECCHIA BOARD MEMBER 2.00 X 0 0 0 KEN VOLPE BOARD MEMBER 2.00 X 0 0 0 CLIFF WHITE TREASURER 5.00 X X 0 0 0 LYNN WILLIAMS BOARD MEMBER 2.00 X 0 0 0 DAN MILLER HEAD OF SCHOOL 50.00 X 595903 0 98666 GARY ESPOSITO ASS'T TREASURER/BUSINESS Manager 50.00 X 209339 0 35751 LAURIE FLYNN ASSISTANT SECRETARY 50.00 X 88235 0 15514 PATRICIA MCLAUGHLIN DIRECTOR OF INSTITUTIONAL advancement 50.00 X 163766 0 19961 KATHLEEN WILSON DIRECTOR OF FINANCIAL OPERations 50.00 X 138583 0 32572 JUDITH POIRIER ASSISTANT HEAD OF SCHOOL 50.00 X 130756 0 31497 NEELTJE HENNEMAN HEAD OF UPPER SCHOOL 50.00 X 129332 0 17551 MARK HARRIS DIRECTOR OF AERIE PROGRAM 50.00 X 122345 0 32443 1578259 0 283955 13 0 1 0 SITE SPECIFIC LLC 45 DIKE STREET PROVIDENCE RI 02909 MAJOR RENOVATIONS - ANGELL HALL 1144556 SAGE DINING SERVICES 1402 YORK RD STE 100 LUTHERVILLE MD 21093 STUDENT UNION - DINING SERVICES 601017 CAPE & ISLAND CORP PO BOX 1100 POCASSET MA 02559 TENNIS COURT REPLACEMENT 510619 HR CONCEPTS LLC 111 CHARLES STREET MANCHESTER NH 03101 PAYROLL SERVICES 314646 CHASE CARD SERVICES PO BOX 15153 WILMINGTON DE 19886 MERCHANT SERVICES 274112 9 187143 1678717 89660 1865860 TUITION AND FEES 611710 27186049 27186049 SUMMER CAMP 713990 459463 459463 DAYCARE 624410 293977 293977 27939489 562748 562748 120921 0 120921 120921 120921 1268121 1220945 144328 47176 -144328 -97152 -97152 83714 187143 105480 -21766 -21766 55090 36784 18306 18306 AUXILLARY PROGRAMS 611710 683604 683604 MISCELLANEOUS 900099 51686 51686 735290 31123696 28641399 0 616437 3722110 3722110 1061807 807374 254433 13146002 10551705 2025945 568352 849242 645285 175723 28234 3103023 2799193 233442 70388 1025545 706946 262044 56555 67131 67131 53750 53750 81470 81470 1016693 702327 283751 30615 63729 2963 60766 727852 291556 287383 148913 49554 31639 17915 468736 24220 442243 2273 35843 4306 25108 6429 15962 14627 1335 174938 174938 2540451 2159383 381068 178303 151558 26745 STUDENT SERVICES AND AC 318689 318689 TRANSPORTATION 191657 191657 MISCELLANEOUS 189134 85725 101816 1593 ACADEMICS 158195 158195 961095 438049 396376 126670 30200911 22985506 5858849 1356556 555073 1674778 4418236 3113494 2639861 2323616 987504 1257513 16942 16216 74686 71824 388233 507858 64188507 19528545 44786917 44659962 32432731 32020120 385697 586623 86685880 86232004 1701425 1730875 1996953 2242270 6050719 5406912 60213 60392 737199 558461 10546509 9998910 X 47002262 47883531 11998190 11127840 17138919 17221723 76139371 76233094 86685880 86232004 922785 -829062 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 31672217 1245860 -321046 1145688 31451343 30763152 505390 1428520 1024845 31672217 25996262 403072 5315287 896674 76795 30741152 22348117 689236 3760427 735377 66141 25996262 22130361 644103 -68793 298850 58704 22348117 0.19700 0.54800 0.25500 0 0 332315 332315 58638362 16982594 41655768 3349629 1897594 1452035 1868201 648357 1219844 44659962 ENROLLMENT DEPOSITS 386500 DEFERRED COMPENSATION 171961 558461 X 26633318 -829062 -3722110 -4551172 31184490 81470 -142264 -60794 31123696 26539595 142264 142264 26397331 81470 3722110 3803580 30200911 Part IV, Line 2b: student raised funds are held by the School. Part V, Line 4: ENDOWMENT FUNDS INTENDED PURPOSES ARE: GENERAL OPERATIONS, LIBRARY, FACULTY SALARY, MISCELLANEOUS SUPPORT OF SCHOOL ACTIVITIES, PROFESSIONAL DEVELOPMENT, BREAKTHOUGH PROVIDENCE, AND FINANCIAL AND MINORITY AID. 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: FINANCIAL AID -3,722,110. Part XI, Line 4b - Other Adjustments: COST OF SALES - BOOKSTORE -36,784. FUNDRAISING EXPENSES -105,480. Part XII, Line 2d - Other Adjustments: COST OF SALES - BOOKSTORE 36,784. FUNDRAISING EXPENSES 105,480. Part XII, Line 4b - Other Adjustments: FINANCIAL AID 3,722,110. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 POLICY IS DESCRIBED ON THE SCHOOL'S WEBSITE, IN THE PARENT DIRECTORY, ON EVERY APPLICATION FOR ADMISSIONS, IN EVERY ISSUE OF THE SCHOOL'S COMMUNITY MAGAZINE, AND ON THE OPEN HOUSE FLYERS. BIG EVENT 270857 187143 83714 29233 11829 64418 270857 187143 83714 29233 11829 64418 105480 -21766 1 FINANCIAL AID 200 3678530 FAIR MARKET VALUE FINANCIAL AID GRANTED TO STUDENTS WHO HAVE DEMONSTRATED NEED VIA THE COMPLETION OF A FINANCIAL AID APPLICATION AND SUBMISSION OF SUPPORTING DOCUMENTS. EDUCATIONAL FEES AND BOOKS 53 43580 FAIR MARKET VALUE FINANCIAL SUPPORT TOWARDS FEES AND BOOK COSTS GRANTED TO THOSE STUDENTS WHO HAVE DEMONSTRATED NEED OF AT LEAST 65% Part I, Line 2: THE TUITION, BOOKS, EDUCATIONAL FEES AND RECREATION ARE ALL USED DIRECTLY AT THE SCHOOL. THE ACCOUNTING SYSTEM MAINTAINS THE FINANCIAL RECORDS BY STUDENT TO ENSURE THE GRANTS ARE USED BY THE APPROPRIATE STUDENT. THE TUITION, ETC. IS NONREFUNDABLE. THEREFORE, ANY UNUSED GRANT WOULD REMAIN WITHIN THE SCHOOL. X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 DAN MILLER HEAD OF SCHOOL 355873 0 0 0 240030 0 18550 0 80116 0 694569 0 0 0 GARY ESPOSITO ASS'T TREASURER/BUSINESS Manager 204339 0 5000 0 0 0 14869 0 20882 0 245090 0 0 0 PATRICIA MCLAUGHLIN DIRECTOR OF INSTITUTIONAL advancemen 163766 0 0 0 0 0 11500 0 8461 0 183727 0 0 0 KATHLEEN WILSON DIRECTOR OF FINANCIAL OPERations 138583 0 0 0 0 0 9800 0 22772 0 171155 0 0 0 JUDITH POIRIER ASSISTANT HEAD OF SCHOOL 130756 0 0 0 0 0 9920 0 21577 0 162253 0 0 0 MARK HARRIS DIRECTOR OF AERIE PROGRAM 122345 0 0 0 0 0 9090 0 23353 0 154788 0 0 0 Part I, Line 1a DAN MILLER AS HEAD OF SCHOOL, AS A CONDITION OF EMPLOYMENT IN ORDER TO PROPERLY DISCHARGE HIS RESPONSIBILITIES, AND FOR THE CONVENIENCE OF THE SCHOOL, IS REQUIRED TO MAINTAIN HIS RESIDENCE IN A local home which is contiguous to campus and is OWNED BY THE SCHOOL. Part I, Line 4b THE HEAD OF SCHOOL RECEIVED A DISTRIBUTION FROM A NON-QUALIFIED RETIREMENT PLAN IN WHICH HE WAS A PARTICIPANT. THE DISTRIBUTION WAS INCLUDED IN HIS 2015 FORM W-2 AND IS INCLUDED IN OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(III). Part I, Line 7 GARY ESPOSITO RECEIVED A BONUS PAYMENT IN 2015 WHICH WAS APPROVED BY THE HEAD OF SCHOOL. A RI HEALTH AND EDUCATIONAL BUILDING CORP SERIES 2013B 521300173 2013-09-18 4000000 construction of community and performing arts center 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2013-08-01 3271200 0 0 0 A 606261 4000000 4000000 0 0 1 1 B 1195204 3271200 3271200 2013 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 JOANNA F MILLER SPOUSE OF HEAD OF SCHOOL 12348 part-time TEACHER AT SCHOOL 0 megan devendorf daughter of business manager 14300 summer curriculum/program specialist 0 Mary Jean Volpe spouse of trustee 600 compensation for substitute teaching 0 X 11 26716 fair market value X donated auction items 66 62944 fair market 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 AN ACCOUNT WITH A FINANCIAL INSTITUTION WHICH IS USED TO LIQUIDATE CONTRIBUTED SECURITIES. Form 990, Part VI, Section B, line 11 A COPY OF THE FORM 990 WITH CONTRIBUTOR NAMES AND ADDRESSES OMITTED ON SCHEDULE B, IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING. ADDITIONALLY, THE FORM IS PRESENTED BY OUR AUDITORS TO THE EXECUTIVE/FINANCE COMMITTEE OF THE BOARD OF TRUSTEES WHO SUBSEQUENTLY APPROVES THE FORM 990 AND COMMUNICATES TO THE ENTIRE BOARD OF TRUSTEES THAT THEY APPROVED THE FORM 990 FOR FILING. Form 990, Part VI, Section B, line 12c THE SCHOOL'S CONFLICT OF INTEREST POLICY ALONG WITH ALL BOARD POLICIES ARE DISTRIBUTED AND EXPLAINED TO ALL NEW BOARD MEMBERS AT THE ANNUAL BOARD OF TRUSTEES ORIENTATION. THE DOCUMENTATION INCLUDES A DETAIL EXPLANATION OF THE POLICY AND ACTIONS TO BE TAKEN IF A CONFLICT SHOULD ARISE. Form 990, Part VI, Section B, line 15 THE BOARD OF TRUSTEES, AS REPRESENTED BY THE EXECUTIVE COMMITTEE, OBTAINED COMPENSATION COMPARABILITY DATA FOR THE HEAD'S POSITION. THE MEMBERS WHO PARTICIPATED DID NOT HAVE ANY PERSONAL INTEREST IN THE COMPENSATION ARRANGEMENT. THE COMPARABILITY DATA WAS THE 2014-2015 HEAD SALARY AND EMPLOYEE BENEFITS, INCLUDING DEFERRED COMPENSATION, FROM THE BENCHMARK/INDEX GROUP SCHOOLS. THE DATA WAS REVIEWED AND THE COMMITTEE RECOMMENDED COMPENSATION LEVELS. THE COMMITTEE THEN APPROVED A 2 YEAR CONTRACT. FOR OTHER EMPLOYEES, IN HIS CAPACITY AS THE CHIEF EXECUTIVE OFFICER, THE HEAD OF SCHOOL IS AUTHORIZED BY THE BOARD TO SET COMPENSATION LEVELS FOR ALL EMPLOYEES EXCLUDING HIMSELF. THE SALARY "POOL" FOR EMPLOYEE COMPENSATION IS APPROVED BY THE BOARD ANNUALLY AS PART OF THE ANNUAL OPERATING BUDGET APPROVAL PROCESS. THE ACTUAL COMPENSATION LEVEL ASSIGNED TO EACH EMPLOYEE IS BASED ON BENCHMARK STATISTICS OBTAINED ANNUALLY FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND INDEX BENCHMARK DATA ON SIMILARLY SIZED SCHOOLS. THERE WAS A 4% INCREASE TO THE SALARY POOL IN THE 2015/2016 FISCAL YEAR. Form 990, Part VI, Section C, line 19 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.