2016-02-11T09:50:59-06:00 2015-06-30 061009205 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2014-07-01 060733693 GREENS FARMS ACADEMY INC GREE 2032567543 35 BEACHSIDE AVENUE PO BOX 998 GREENS FARMS CT 068380998 RUSSELL FRIEDSON CHIEF FINANCE & OPERATIONS OFFICER 2032567543 2016-02-11 1 ELIZABETH SOLECKI P00235171 8605614000 2016-02-11 2014 2016-08-17 19:52:53Z RUSSELL FRIEDSON 35 BEACHSIDE AVENUE PO BOX 998 GREENS FARMS CT 068380998 38070465 0 X WWW.GFACADEMY.ORG X 1925 CT GFA ENGAGES STUDENTS AS PARTNERS IN AN INNOVATIVE, INCLUSIVE, AND GLOBALLY MINDED COMMUNITY TO PREPARE THEM FOR A LIFE OF PURPOSE. 23 21 352 896 0 0 5403719 6090389 25562779 26946212 1110309 2882018 175201 154091 32252008 36072710 2512225 2616324 0 0 15729713 16537145 51000 0 1453132 9055580 9461703 27348518 28615172 4903490 7457538 116690225 123651561 22917880 23561614 93772345 100089947 GFA ENGAGES STUDENTS AS PARTNERS IN AN INNOVATIVE, INCLUSIVE, AND GLOBALLY MINDED COMMUNITY TO PREPARE THEM FOR A LIFE OF PURPOSE. 0 0 24397562 2616324 26731547 EDUCATING STUDENTS IN GRADES PRE-K THROUGH TWELVE IN ACADEMICS, ATHLETICS, AND THE ARTS. 951988 4240 HORIZONS AT GFA - HORIZONS AT GFA HELPS UNDERSERVED BRIDGEPORT STUDENTS IN PRE-KINDERGARTEN THROUGH 12TH GRADE IMPROVE THEIR EDUCATIONAL OUTCOMES BY PROVIDING ACADEMIC INSTRUCTION, ENRICHMENT EXPERIENCES, MENTORING, AND EDUCATIONAL GUIDANCE IN A NURTURING COMMUNITY OF DEDICATED PROFESSIONALS. 146827 210425 SUMMER PROGRAMS - OFFERED AS A COMBINATION OF ACADEMIC COURSE AND SUMMER ENRICHMENT PROGRAMS INCLUDING A TRADITIONAL DAY CAMP AND SPORTS PROGRAM. 25496377 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 118 0 1 352 1 0 0 0 0 0 1 1 0 0 0 0 X 23 21 1 1 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 X RUSSELL FRIEDSON 2032567543 35 BEACHSIDE AVENUE PO BOX 998 GREENS FARMS CT 068380998 SHELLEY GOLDSMITH CO-PRESIDENT 4.00 X X 0 0 0 TRICIA VANACORE CO-PRESIDENT 4.00 X X 0 0 0 STEPHEN LAWRENCE CO-VICE-PRESIDENT 4.00 X X 0 0 0 MICHAEL BERMAN CO-VICE-PRESIDENT 4.00 X X 0 0 0 ZACHARY ZEITLIN TREASURER 4.00 X X 0 0 0 KARA BOHNSACK SECRETARY 4.00 X X 0 0 0 HENRY BACKE JR TRUSTEE 2.00 X 0 0 0 CAROLYN COHEN TRUSTEE 2.00 X 0 0 0 ROGER FERRIS TRUSTEE 2.00 X 0 0 0 MICHAEL GREENBERG TRUSTEE 2.00 X 0 0 0 RICHARD HOLZINGER TRUSTEE 2.00 X 0 0 0 ARLENE HOWARD TRUSTEE 2.00 X 0 0 0 MARTHA LORD TRUSTEE 2.00 X 0 0 0 MOLLY MCGRATH TRUSTEE 2.00 X 0 0 0 DAVID MURPHY TRUSTEE 2.00 X 0 0 0 J JEFFREY NIXON TRUSTEE 2.00 X 0 0 0 MICHAEL RINTOUL TRUSTEE 2.00 X 0 0 0 JOSH SAMUELSON TRUSTEE 2.00 X 0 0 0 NEENA SINGH TRUSTEE 2.00 X 0 0 0 NANCY SOULE TRUSTEE 2.00 X 0 0 0 PETER TAUCK TRUSTEE 2.00 X 0 0 0 JAMES WOLFE TRUSTEE 2.00 X 0 0 0 JANET HARTWELL HEAD OF SCHOOL 40.00 X 423145 0 109284 RUSSELL FRIEDSON CHEIF FINANCE & OPERATIONS OFFICER 40.00 X 185631 0 71362 CHRISTOS KOLOVOS ASSISTANT HEAD OF SCHOOL 40.00 X 150470 0 20238 RUSSELL HATCH HEAD OF THE UPPER SCHOOL 40.00 X 148721 0 32345 JENNIFER KLEIN DIRECTOR OF ADVANCEMENT 40.00 X 145500 0 17018 CONSTANCE SHAPIRO HEAD OF THE LOWER SCHOOL 40.00 X 139624 0 31652 ANDREW MEYER HEAD OF THE MIDDLE SCHOOL 40.00 X 121600 0 31657 STEPHANIE WHITNEY DIRECTOR OF ADMISSION 40.00 X 120924 0 31806 1435615 0 345362 19 0 1 0 AP CONSTRUCTION 707 SUMMER ST STAMFORD CT 06901 CONSTRUCTION 1583093 FERRIS ASSOCIATES 11 WILTON RD WESTPORT CT 06880 ARCHITECTURAL SERVICES 873139 CHARTWELLS DINING SERVICES PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 581081 GREENLEAF ENERGY SOLUTIONS LLC 119 HAWLEY RD UNIT 201 OXFORD CT 06478 LIGHTING SERVICES 176955 PLAZA DESIGN LLC 177 POST RD EAST 203 WESTPORT CT 06880 DESIGN, PHOTOGRAPHY, PRINTING 152081 6 246614 5843775 729229 6090389 TUITION & FEES 611110 26403841 26403841 STUDENT ACTIVITIES & YEARBOOK 611710 262354 262354 SUMMER SCHOOL TUITION 611110 210425 210425 SCHOOL STORE REVENUE 611110 69592 69592 26946212 592462 592462 65940 32123 33817 33817 33817 4157981 1868425 2289556 2289556 2289556 97207 246614 97207 0 PARENTS ASSOC. INCOME 900099 95502 95502 OTHER INCOME 900099 24772 24772 120274 36072710 26946212 0 3036109 2616324 2616324 924352 924352 11421135 10397088 257920 766127 866430 778158 30932 57340 2374602 2184226 74551 115825 950626 809093 81914 59619 50773 50773 53367 53367 108087 84111 23976 291979 248530 43449 600265 597161 3104 380488 380488 2511708 2448973 52717 10018 116099 38520 10450 67129 1968016 1928656 39360 91015 89195 1820 HORIZONS PROGRAM 951988 951988 STUDENT ACTIVITIES 654496 654496 DINING ROOM 595847 595847 ATHLETICS 423404 423404 664171 270119 16978 377074 28615172 25496377 1665663 1453132 48907 68917 21717889 22657774 3768359 3731769 43548 76344 28383 27774 269752 247511 70156097 18120345 47168168 52035752 38290272 35242418 5354947 9563302 116690225 123651561 3914715 4476647 9797614 10295035 9205551 8789932 22917880 23561614 X 83017090 89214336 7494910 7561230 3260345 3314381 93772345 100089947 116690225 123651561 X 7457538 -1503769 363833 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40702817 418010 1223786 1150807 41193806 34977258 286160 5708130 258454 10277 40702817 30061047 2358085 2812518 251377 3015 34977258 30049691 61258 192871 242773 30061047 25346206 3588549 4375185 3260249 30049691 0.87180 0.07460 0.05360 0 0 3047131 3047131 50776267 16606885 34169382 1871981 745386 1126595 14460718 768074 13692644 52035752 FORESTER OFFSHORE, LTD. 4011797 F GOLDENTREE HIGH YIELD PARTNERS 52321 F POINTER OFFSHORE, LTD 4562942 F JP MORGAN GOLD 936242 F 9563302 32240344 -1503769 8400 -2466327 -3961696 36202040 -129330 -129330 36072710 26286581 8400 129337 137737 26148844 2466328 2466328 28615172 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE SUPPORT FOR GREENS FARMS ACADEMY AND ITS MISSION OVER THE LONG TERM. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -2,466,328. ROUNDING 1. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -97,207. RENTAL EXPENSES -32,123. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 97,207. RENTAL EXPENSES 32,123. ROUNDING 7. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,466,328. 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 SCHOOL PUBLISHES A BROCHURE WHICH INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY. THE SCHOOL ALSO ADVERTISES ITS RACIALLY NONDISCRIMINATORY POLICY IN THE NEW YORK TIMES EACH YEAR. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 8627061 0 0 0 0 0 0 8627061 0 8627061 1 0 0 1 0 0 HORIZONS GOLF 206198 147567 58631 6360 27693 24577 HORIZONS FALL 137623 99047 38576 12322 26255 343821 246614 97207 18682 27693 50832 97207 0 1 STUDENT FINANCIAL AID 96 0 2577385 FMV FINANCIAL AID IS PROVIDED THROUGH TUITION REDUCTION. OTHER ASSISTANCE INCLUDES BOOKS, TRANSPORTATION, REQUIRED TRIPS, REQUIRED ATHLETIC UNIFORMS, MOUTHGUARDS & FEES, COLLEGE GUIDANCE FEES, USE OF LAPTOPS, YEARBOOKS, PROMS, CLASS PHOTOS (LOWER SCHOOL) & THE SMART TUITION PAYMENT PLAN PROCESSING FEE. SCHOLARSHIPS 4 38939 0 NEED BASED SCHOLARSHIPS TO FORMER STUDENTS PART I, LINE 2: THE GFA SCHOLARSHIP COMMITTEE NOMINATES AND SELECTS STUDENTS WITH BOTH NOTABLE ACADEMIC ACHIEVEMENT AND DOCUMENTED FINANCIAL NEED TO RECEIVE A GFA SCHOLARSHIP TO ALLOW THEM TO ATTEND THE COLLEGE OF THEIR CHOICE. TO QUALIFY, CANDIDATES MUST MEET THE CRITERIA SPECIFIED BY THE SCHOLARSHIP COMMITTEE. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JANET HARTWELL HEAD OF SCHOOL 423145 0 0 0 0 0 19500 0 89784 0 532429 0 0 0 RUSSELL FRIEDSON CHEIF FINANCE & OPERATIONS OFFICER 185631 0 0 0 0 0 14700 0 56662 0 256993 0 0 0 CHRISTOS KOLOVOS ASSISTANT HEAD OF SCHOOL 150470 0 0 0 0 0 11325 0 8913 0 170708 0 0 0 RUSSELL HATCH HEAD OF THE UPPER SCHOOL 148721 0 0 0 0 0 11752 0 20593 0 181066 0 0 0 JENNIFER KLEIN DIRECTOR OF ADVANCEMENT 145500 0 0 0 0 0 11288 0 5730 0 162518 0 0 0 CONSTANCE SHAPIRO HEAD OF THE LOWER SCHOOL 139624 0 0 0 0 0 10722 0 20930 0 171276 0 0 0 ANDREW MEYER HEAD OF THE MIDDLE SCHOOL 121600 0 0 0 0 0 9450 0 22207 0 153257 0 0 0 STEPHANIE WHITNEY DIRECTOR OF ADMISSION 120924 0 0 0 0 0 9563 0 22243 0 152730 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS PROVIDED WITH A RESIDENCE FOR PERSONAL AND BUSINESS USE. THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS, AND HOST EVENTS OPEN TO FACULTY, STUDENTS, AND CONSTITUENTS ON AVERAGE ONCE A WEEK. 76310 FINANCIAL AID FINANCIAL AID FERRIS ASSOCIATES OWNER, ROGER FERRIS, IS A TRUSTEE 743859 ARCHITECTURAL SERVICES 0 X 26 728874 FMV X POWER STRIP 1 355 FMV 0 0 1 1 PART I, LINE 32B: AN INDEPENDENT BROKER RECEIVES AND LIQUIDATES ALL STOCK DONATIONS ON BEHALF OF GREENS FARMS ACADEMY, INC. FORM 990, PART VI, SECTION A, LINE 2 SOME TRUSTEES HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER. FORM 990, PART VI, SECTION A, LINE 3 THE ACADEMY DELEGATES CONTROL OVER MANAGEMENT DUTIES IN REGARDS TO ITS OUTSOURCED FOOD SERVICE TO CHARTWELLS/FLIK INDEPENDENT SCHOOL DINING, ALTHOUGH THIS DOES NOT RELATE TO ITS CORE BUSINESS OF EDUCATION. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 GFA'S FORM 990 FILING AND DISTRIBUTION POLICY: 1. THE BUSINESS OFFICE WILL GATHER THE INFORMATION REQUESTED BY THE SCHOOL'S AUDITORS NEEDED TO COMPLETE THE FORM. INFORMATION WILL BE GATHERED AND/OR CONFIRMED FROM ALL RELEVANT AREAS OF THE SCHOOL, INCLUDING: BUSINESS OFFICE, ADMISSIONS, FINANCIAL AID, DEVELOPMENT, AND PROGRAM. 2. THE INITIAL DRAFT OF THE FORM WILL BE PREPARED BY THE SCHOOL'S AUDITORS. 3. THE CFO/COO AND CONTROLLER WILL REVIEW THE DRAFT FORM AND HAVE ANY INITIAL CORRECTIONS/CHANGES MADE. 4. AFTER INITIAL CORRECTIONS, IF ANY, A PROPOSED FINAL DRAFT WILL BE REVIEWED BY THE TREASURER, HEAD OF SCHOOL, CFO, AND CONTROLLER. ONCE APPROVED AS IS (OR WITH CORRECTIONS) THE FORM WILL BE FILED WITH THE IRS. THIS REVIEW WILL INCLUDE ALL SCHEDULES, INCLUDING SCHEDULE B - SCHEDULE OF CONTRIBUTORS. 5. AFTER FILING, A COPY OF THE FORM, EXCLUDING THE NAMES AND ADDRESSES OF CONTRIBUTORS, WILL BE DISTRIBUTED TO THE EXECUTIVE COMMITTEE. 6. THE SCHOOL WILL MAKE A COPY OF THE FORM, EXCLUDING THE NAMES AND ADDRESSES OF CONTRIBUTORS, AVAILABLE TO ALL OTHERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH TRUSTEE, OFFICER, AND MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE GOVERNING BOARD SHALL SIGN A STATEMENT THAT AFFIRMS: THEY HAVE RECEIVED A COPY OF THE COI POLICY, HAVE READ AND UNDERSTOOD THE POLICY, HAVE AGREED TO COMPLY WITH THE POLICY, AND UNDERSTAND THAT THE SCHOOL IS CHARITABLE, AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PERIODIC REVIEWS ARE COMPLETED TO DETERMINE, AT A MINIMUM: WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING, AND WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE SCHOOL'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES, AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT, OR AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY THE EXECUTIVE COMMITTEE USING COMPARABLE COMPENSATION DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE BOARD APPROVES AGGREGATE INCREASES. THE HEAD OF SCHOOL IS PROVIDED COMPARABLE DATA. THE HEAD OF SCHOOL REVIEWS DATA AND MAKES A DETERMINATION FOR ALL COMPENSATION OTHER THAN HER OWN, WITHIN OVERALL COMPENSATION PARAMETERS SET BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY MAKES THE FORM 990 AVAILABLE UPON REQUEST AT THE ACADEMY'S PLACE OF BUSINESS. THE ACADEMY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENTS 363,839. ROUNDING -6.