2015-11-03T09:05:45-06:00 2015-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2014-07-01 050259101 THE WHEELER SCHOOL WHEE 4014218100 216 HOPE STREET PROVIDENCE RI 029062246 GARY ESPOSITO BUSINESS MANAGER 4014218100 2015-11-02 1 JOHN TOSCANO P00358542 9592007000 2014 2016-03-07 17:11:31Z GARY ESPOSITO 216 HOPE STREET PROVIDENCE RI 029062246 32078368 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. 21 21 582 250 0 0 6432547 2393498 26543098 27026454 -109368 557470 -177881 1071246 32688396 31048668 4708216 3319577 0 0 16129630 18586284 37737 0 1367807 6363845 6866877 27239428 28772738 5448968 2275930 85169605 86762008 12269892 10622637 72899713 76139371 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 20902494 3319577 27186932 EDUCATIONAL SERVICES TO STUDENTS ATTENDING NURSERY THROUGH 12TH GRADE. THE SCHOOL ENROLLED 830 STUDENTS FOR THE YEAR OF WHICH 82 STUDENTS GRADUATED FROM THE CLASS OF 2015 AND 100% OF THOSE GRADUATING PURSUED A COLLEGE GRADUATION. 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 WHICH INVOLVED THE CONSTRUCTION OF A NEW CENTER FOR PERFORMING ARTS AND THE RENOVATION OF WHEELER HALL HOME OF THE THEATER AND VISUAL ARTS CLASSROOMS. 266696 402308 SUMMER CAMP - THE 2014 SUMMER CAMP ENROLLED AN AVERAGE OF 117 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. 134908 271241 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. ON AVERAGE 50 STUDENTS WERE ENROLLED PER DAY. AGE APPROPRIATE ACTIVITIES WERE OFFERED EVERY DAY. 21304098 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 27 0 1 582 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 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 MEREDITH CURREN PRESIDENT 5.00 X X 0 0 0 JAMES LOUSARIAN VICE PRESIDENT 5.00 X X 0 0 0 CLIFF WHITE TREASURER 5.00 X X 0 0 0 ABBOT STRANAHAN SECRETARY 5.00 X X 0 0 0 DAVID BEDRICK BOARD MEMBER 2.00 X 0 0 0 JACKY BESHAR BOARD MEMBER 2.00 X 0 0 0 FABIO CELADON BOARD MEMBER 2.00 X 0 0 0 CAROL CIMILLUCA BOARD MEMBER 2.00 X 0 0 0 PAMELA CLANCY BOARD MEMBER 2.00 X 0 0 0 DENNIS COLEMAN BOARD MEMBER 2.00 X 0 0 0 HELENA FOULKES 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 ETIENNE MECHREFE BOARD MEMBER 2.00 X 0 0 0 JAYASHREE NIMMAGADDA 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 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 LYNN WILLIAMS BOARD MEMBER 2.00 X 0 0 0 DAN MILLER HEAD OF SCHOOL 50.00 X 365980 0 122920 GARY ESPOSITO ASS'T TREASURER/BUSINESS MANAGER 50.00 X 205594 0 34410 LAURIE FLYNN ASSISTANT SECRETARY 50.00 X 86413 0 14787 PATRICIA MCLAUGHLIN DIRECTOR OF INSTITUTIONAL ADVANCEMENT 50.00 X 158026 0 19054 KATHLEEN WILSON DIRECTOR OF FINANCIAL OPERATIONS 50.00 X 130462 0 30364 JUDITH POIRIER ASSISTANT HEAD OF SCHOOL 50.00 X 125593 0 30701 NEELTJE HENNEMAN HEAD OF UPPER SCHOOL 50.00 X 124796 0 16728 MARK HARRIS DIRECTOR OF AERIE PROGRAM 50.00 X 118137 0 30824 1315001 0 299788 7 0 1 0 DCK NORTH AMERICA LLC 1600 MARKET ST 32ND FLOOR PHILADELPHIA PA 19103 CONSTRUCTION 4948181 SAGE DINING SERVICES 1402 YORK RD STE 100 LUTHERVILLE MD 21093 DINING SERVICES 587340 SITE SPECIFIC LLC 45 DIKE STREET PROVIDENCE RI 02909 MAJOR RENOVATIONS 427464 TREMBLAY'S BUS CO INC 284 MYRTLE STREET NEW BEDFORD MA 02746 BUS TRANSPORTATION 193624 ANNA BEHA ARCHITECTS INC 33 KINGSTON STREET BOSTON MA 02111 ARCHITECTURAL SERVICES 134186 8 64507 2328991 276209 2393498 TUITION AND FEES 611710 26352905 26352905 SUMMER CAMP 713990 402308 402308 DAYCARE 624410 271241 271241 27026454 533988 533988 104290 0 104290 104290 104290 885674 860642 1550 25032 -1550 23482 23482 174138 64507 117591 56547 56547 63643 49917 13726 13726 AUXILLARY PROGRAMS 611710 820301 820301 MISCELLANEOUS 900099 76382 76382 896683 31048668 27860481 0 794689 3319577 3319577 815214 564888 250326 12951708 9823132 2548076 580500 827336 613970 188345 25021 3093963 2736020 279369 78574 898063 585145 264156 48762 29381 29381 56628 56628 82883 82883 870996 677492 157378 36126 64903 3769 61134 686764 271291 285938 129535 44930 28844 16086 507003 23463 481244 2296 38126 3703 23682 10741 21927 18503 3424 235359 235359 2203584 1873046 330538 160425 136361 24064 STUDENT SERVICES AND AC 311119 311119 TRANSPORTATION 186283 186283 ACADEMICS 174368 174368 MISCELLANEOUS 163430 82783 74086 6561 1028768 453732 440229 134807 28772738 21304098 6100833 1367807 241095 555073 7488832 4418236 3112077 2639861 932103 987504 38925 16942 76030 74686 493333 388233 62072620 17285703 41155308 44786917 31499680 32432731 385697 132222 76128 85169605 86762008 2763534 1701425 2005926 1996953 6767400 6126847 41754 60213 83017 608261 737199 12269892 10622637 X 40567609 47002262 15758099 11998190 16574005 17138919 72899713 76139371 85169605 86762008 2275930 963728 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 30763152 492207 1428519 13184 1024845 31645849 25996262 403072 5315287 11000 885674 76795 30741152 22348117 689236 3760427 735377 66141 25996262 22130361 644103 -68793 298850 58704 22348117 14380851 5216327 3055782 470180 52419 22130361 0.16700 0.54100 0.29200 0 0 332315 332315 57113431 15321332 41792099 871021 291216 579805 3276878 1431771 1845107 478975 241384 237591 44786917 ENROLLMENT DEPOSITS 379000 DEFERRED COMPENSATION 358199 737199 X 28722585 963728 -3319577 -2355849 31078434 82883 -112649 -29766 31048668 25482927 112649 112649 25370278 82883 3319577 3402460 28772738 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, 2015 OR 2014. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2012 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 -3,319,577. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES - BOOKSTORE -49,917. FUNDRAISING EXPENSES -62,732. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - BOOKSTORE 49,917. FUNDRAISING EXPENSES 62,732. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,319,577. 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 238645 64507 174138 117591 238645 64507 174138 117591 117591 56547 1 FINANCIAL AID 194 3281994 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 37583 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 358780 0 0 0 7200 0 18200 0 104720 0 488900 0 0 0 GARY ESPOSITO ASS'T TREASURER/BUSINESS MANAGER 200594 0 5000 0 0 0 14284 0 20126 0 240004 0 0 0 PATRICIA MCLAUGHLIN DIRECTOR OF INSTITUTIONAL ADVANCEMEN 158026 0 0 0 0 0 11098 0 7956 0 177080 0 0 0 KATHLEEN WILSON DIRECTOR OF FINANCIAL OPERATIONS 130462 0 0 0 0 0 9100 0 21264 0 160826 0 0 0 JUDITH POIRIER ASSISTANT HEAD OF SCHOOL 125593 0 0 0 0 0 9573 0 21128 0 156294 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 DAN MILLER PARTICIPATES IN AN UNFUNDED DEFERRED COMPENSATION PLAN WHICH IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. CERTAIN AMOUNTS CREDITED TO THE PLAN ANNUALLY BY THE SCHOOL. THE ANNUAL AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN C. PART I, LINE 7 GARY ESPOSITO RECEIVED A BONUS PAYMENT IN 2014 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 380309 3619691 4000000 0 0 1 1 B 764044 2507156 3271200 2013 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 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 13136 PART-TIME TEACHER AT SCHOOL 0 X 28 206016 FAIR MARKET VALUE X DONATED AUCTION ITEMS 0 54859 X SPECIAL EVENT SUPPLIES 2 15334 FAIR MARKET VALUE 0 1 1 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 2010-2011 HEAD SALARY, INCLUDING DEFERRED COMPENSATION, FROM BENCHMARK SCHOOLS. THE DATA WAS REVIEWED AND THE COMMITTEE RECOMMENDED COMPENSATION LEVELS. TEH COMMITTEE THEN APPROVED A 4 YEAR COMPENSATION PACKAGE. FOR OTHER EMPLOYEES, IN HIS CAPACITY AS 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 2014/2015 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.