SALISBURY SCHOOL INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- SALISBURY SCHOOL INC (EIN 06-0646888)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-04-03
- IRS object ID
- 201410939349300041
- Schema version
- 2012v2.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-04-03T16:44:31-07:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | O'CONNELL PACE & COMPANY PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 609 FARMINGTON AVE STE 201 | AddressLine1 |
| City | HARTFORD | City |
| State | CT | State |
| ZIP Code | 06105 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 060646888 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SALISBURY SCHOOL INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SALI | NameControl |
| Phone | 8604355711 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ROUTE 44 | AddressLine1 |
| City | SALISBURY | City |
| State | CT | State |
| ZIP Code | 06068 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN MAGIERA | Name |
| Title | TREASURER | Title |
| Phone | 8604355711 | Phone |
| Date Signed | 2014-04-03 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM CLARK | Name |
| Phone | 8602473917 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOHN MAGIERA | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 251 CANAAN RD | AddressLine1 |
| City | SALISBURY | City |
| State | CT | State |
| ZIP Code | 06068 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 34666611 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.salisburyschool.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1901 | YearFormation |
| State Legal Domicile | CT | StateLegalDomicile |
| Activity Or Mission Description | Education: Salisbury School is an independent boy's secondary school (grades 9 thru 12) for boarding and day students. The school recruits students from around the world. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 25 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 223 | TotalNbrEmployees |
| Total Nbr Volunteers | 80 | TotalNbrVolunteers |
| Total Gross UBI | 86259 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 58999 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5479023 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 9899250 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 16606821 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 17285996 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1338410 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2977468 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 487236 | OtherRevenuePriorYear |
| Other Revenue Current Year | 445897 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 23911490 | TotalRevenuePriorYear |
| Total Revenue Current Year | 30608611 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3219988 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3289320 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 9244945 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 9644533 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1272077 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 10601700 | OtherExpensePriorYear |
| Other Expenses Current Year | 10625237 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 23066633 | TotalExpensesPriorYear |
| Total Expenses Current Year | 23559090 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 844857 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 7049521 | RevenuesLessExpensesCY |
| Total Assets BOY | 176008374 | TotalAssetsBOY |
| Total Assets EOY | 187174149 | TotalAssetsEOY |
| Total Liabilities BOY | 80805970 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 82945176 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 95202404 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 104228973 | NetAssetsOrFundBalancesEOY |
| Mission Description | Education: | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 18446420 | Expense |
| Grants | 3289320 | Grants |
| Revenue | 16132899 | Revenue |
| Description | SALISBURY SCHOOL IS AN INDEPENDENT BOY'S SECONDARY SCHOOL (GRADES 9 THRU 12) FOR BOARDING AND DAY STUDENTS | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 463644 | Expense |
| Revenue | 463644 | Revenue |
| Description | SALISBURY SUMMER SCHOOL IS AN INDEPENDENT READING AND ENGLISH CO-ED SUMMER SCHOOL (GRADES 8 THRU 12) | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 18910064 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 47 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 223 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 25 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOSEPHINE LEARY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8604355711 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 251 CANAAN RD | AddressLine1 |
| City | SALISBURY | City |
| State | CT | State |
| ZIP Code | 06068 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (6 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Institutional TrusteeInstitutionalTrustee | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|---|
| SEE ATTACHED LIST | |||||||||
| of unpaid trustees | 0.00 | X | 0 | 0 | 0 | ||||
| CHISHOLM CHANDLER | |||||||||
| Headmaster | 40.00 | 277800 | 0 | 36345 | X | X | X | X | |
| JOHN MAGIERA | |||||||||
| Treasurer & Bus. Mgr. | 40.00 | 216000 | 0 | 27646 | X | X | X | ||
| DIRCK BARHYDT | |||||||||
| Dir. of Development | 40.00 | 170750 | 0 | 8538 | X | X | |||
| ROBERT WYNNE | |||||||||
| Dir. of College Adv | 40.00 | 122550 | 0 | 22095 | X | ||||
| PETER GILBERT | |||||||||
| Director of Admissions | 40.00 | 106000 | 0 | 20445 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 893100 | TotalReportableCompFromOrg |
| Total Other Compensation | 115069 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| NITED CONSTRUCTION AND ENGINEERING | |||||
| BOX 1088 | TORRINGTON | CT | 06790 | Contractor | 1008113 |
| AETNA | |||||
| BOX 88863 | CHICAGO | IL | 60695 | Health insurance | 407517 |
| CL&P | |||||
| PO BOX 150493 | HARTFORD | CT | 06115 | Electricty | 412604 |
| LINDELL FUELS | |||||
| PO BOX 609 | CANAAN | CT | 06018 | Fuel | 457849 |
| SYSCO CT | |||||
| BOX 4003 | ROCKY HILL | CT | 06067 | Food | 296850 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 15 | NumberOfContractorsGT100K |
| All Other Contributions | 9899250 | AllOtherContributions |
| Noncash Contributions | 1315831 | NoncashContributions |
| Total Contributions | 9899250 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn |
|---|---|---|
| Student Tuition & Fees | 611600 | 16596543 |
| Auxiliary Services | 611600 | 689453 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 17285996 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 862624 | TotalRevenueColumn |
| Exclusion | $862,624 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6172844 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4058000 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2114844 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2114844 | TotalRevenueColumn |
| Exclusion | $2,114,844 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Other revenues | Description |
| Business Code | 999999 | BusinessCode |
| Total Revenue Column | 445897 | TotalRevenueColumn |
| Related Or Exempt Function Income | 359638 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 86259 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 445897 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 30608611 | TotalRevenueColumn |
| Related Or Exempt Function Income | 17645634 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 86259 | UnrelatedBusinessRevenue |
| Exclusion | $2,977,468 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3289320 | Total |
| Program Services | 3289320 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 737079 | Total |
| Program Services | 314145 | ProgramServices |
| Management And General | 243646 | ManagementAndGeneral |
| Fundraising | 179288 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6819905 | Total |
| Program Services | 4826163 | ProgramServices |
| Management And General | 1420564 | ManagementAndGeneral |
| Fundraising | 573178 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 493721 | Total |
| Program Services | 493721 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1066646 | Total |
| Program Services | 575256 | ProgramServices |
| Management And General | 367577 | ManagementAndGeneral |
| Fundraising | 123813 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 527182 | Total |
| Program Services | 375375 | ProgramServices |
| Management And General | 100473 | ManagementAndGeneral |
| Fundraising | 51334 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 312991 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 312991 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 702695 | Total |
| Program Services | 555808 | ProgramServices |
| Management And General | 131623 | ManagementAndGeneral |
| Fundraising | 15264 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35738 | Total |
| Program Services | 24364 | ProgramServices |
| Management And General | 11374 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 522576 | Total |
| Program Services | 161001 | ProgramServices |
| Management And General | 180838 | ManagementAndGeneral |
| Fundraising | 180737 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 162610 | Total |
| Program Services | 33728 | ProgramServices |
| Management And General | 91456 | ManagementAndGeneral |
| Fundraising | 37426 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1258352 | Total |
| Program Services | 1150248 | ProgramServices |
| Management And General | 107527 | ManagementAndGeneral |
| Fundraising | 577 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 321347 | Total |
| Program Services | 174070 | ProgramServices |
| Management And General | 92168 | ManagementAndGeneral |
| Fundraising | 55109 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2281925 | Total |
| Program Services | 2281925 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2516322 | Total |
| Program Services | 2516322 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 191615 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 191615 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Supplies | 519620 | 441126 | 23143 | 55351 |
| Student incidentals | 1285269 | 1208637 | 76632 | 0 |
| General expenses | 514177 | 488855 | 25322 | 0 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23559090 | Total |
| Program Services | 18910064 | ProgramServices |
| Management And General | 3376949 | ManagementAndGeneral |
| Fundraising | 1272077 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1165077 | BOY |
| EOY | 1731921 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13474878 | BOY |
| EOY | 18583657 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3073216 | BOY |
| EOY | 2824229 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 277447 | BOY |
| EOY | 288070 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 263422 | BOY |
| EOY | 237313 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 738496 | BOY |
| EOY | 798451 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 95861967 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 27176262 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69501233 | BOY |
| EOY | 68685705 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43108887 | BOY |
| EOY | 46396224 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44405718 | BOY |
| EOY | 47628579 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 176008374 | BOY |
| EOY | 187174149 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2557575 | BOY |
| EOY | 2897664 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6445359 | BOY |
| EOY | 7178703 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48160000 | BOY |
| EOY | 48160000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23643036 | BOY |
| EOY | 24708809 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80805970 | BOY |
| EOY | 82945176 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44979178 | BOY |
| EOY | 46762830 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26573387 | BOY |
| EOY | 31779166 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23649839 | BOY |
| EOY | 25686977 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95202404 | BOY |
| EOY | 104228973 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 176008374 | BOY |
| EOY | 187174149 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 7049521 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 1977048 | ReconciliationUnrealizedInvest |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| Public Support Total170 | 0 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Pertcentage170 | 0 | PublicSupportPertcentage170 |
| Public Support Total509 | 0 | PublicSupportTotal509 |
| Public Support Percentage509 | 0 | PublicSupportPercentage509 |
| Investment Income Percentage | 0 | InvestmentIncomePercentage |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 67793894 | BeginningOfYearBalance |
| Contributions | 6269159 | Contributions |
| Investment Earnings Or Losses | 4954341 | InvestmentEarningsOrLosses |
| Other Expenditures | 1871713 | OtherExpenditures |
| Administrative Expenses | 312991 | AdministrativeExpenses |
| End Of Year Balance | 76832690 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 69570134 | BeginningOfYearBalance |
| Contributions | 1039264 | Contributions |
| Investment Earnings Or Losses | -761258 | InvestmentEarningsOrLosses |
| Other Expenditures | 1752113 | OtherExpenditures |
| Administrative Expenses | 302133 | AdministrativeExpenses |
| End Of Year Balance | 67793894 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 58456610 | BeginningOfYearBalance |
| Contributions | 6931440 | Contributions |
| Investment Earnings Or Losses | 6324789 | InvestmentEarningsOrLosses |
| Other Expenditures | 1848500 | OtherExpenditures |
| Administrative Expenses | 294205 | AdministrativeExpenses |
| End Of Year Balance | 69570134 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 39475034 | BeginningOfYearBalance |
| Contributions | 16317760 | Contributions |
| Investment Earnings Or Losses | 4643778 | InvestmentEarningsOrLosses |
| Other Expenditures | 1683188 | OtherExpenditures |
| Administrative Expenses | 296774 | AdministrativeExpenses |
| End Of Year Balance | 58456610 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 48157209 | BeginningOfYearBalance |
| Contributions | 1439601 | Contributions |
| Investment Earnings Or Losses | -7894151 | InvestmentEarningsOrLosses |
| Other Expenditures | 1961613 | OtherExpenditures |
| Administrative Expenses | 266012 | AdministrativeExpenses |
| End Of Year Balance | 39475034 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.27000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.33000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.40000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1306500 | OtherCostOrOtherBasis |
| Book Value | 1306500 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 91700266 | OtherCostOrOtherBasis |
| Depreciation | 24956537 | Depreciation |
| Book Value | 66743729 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2855201 | OtherCostOrOtherBasis |
| Depreciation | 2219725 | Depreciation |
| Book Value | 635476 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 68685705 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (21 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Stock Held For Sale | 30070 | F |
| Scout Capital Fund, Ltd | 2392304 | F |
| Brencourt Multi Strategy | 74677 | F |
| Davidson Kempner International | 3002659 | F |
| Neuberger and Berman Genesis Fund | 1346147 | F |
| Mineral Acquisition Partners | 2348310 | F |
| Spinnaker Global Strategic Fund | 1980612 | F |
| Common Fund - Capital Partners | 173316 | F |
| Sanderson International Fund | 3976387 | F |
| OZ Overseas Fund II | 2492070 | F |
| Clearwater Fund III | 855436 | F |
| Sankaty Credit Opportunities | 615446 | F |
| Dune Real Estate Parallel Fund | 968830 | F |
| Tortoise Fund Equities | 1646876 | F |
| Conatus Capital Overseas Ltd | 1708845 | F |
| Regiment Capital Special Situation | 578171 | F |
| York European Opportunities Unit Tr | 1551752 | F |
| Cambridge Fund | 15986306 | F |
| Anchor Capital | 1722953 | F |
| Dune Capital Management, LP | 755328 | F |
| Southpoint Capital Advisors | 2189729 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 46396224 | TotalOfBookValueSecurities |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Assets held in charitable remainder trusts | 47599463 |
| Deposits | 29116 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 47628579 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Liability under trust agreemenets | Description |
| Amount | $24,708,809 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 24708809 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 30608611 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 30608611 | RevenueSubtotal |
| Total Revenue Per Form990 | 30608611 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 23559090 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 23559090 | ExpensesSubtotal |
| Total Expenses Per Form990 | 23559090 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt X Line 2 | The School adopted the provisions of Accounting for Uncertainty |
| IN INCOME TAXES. THE STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE- LIKELY-THAN-NOT FOR RECOGNITION OF TAX BENEFITS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ADOPTION OF THIS STANDARD DID NOT HAVE AN IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. | |
| Pt V Line 4 | Scholarship and other program related expenses |
| Pt XI Line 4b |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | false | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Line 3 | Identifier |
| Explanation | STATEMENT OF NON-DISCRIMINATORY POLICY WAS PUBLISHED IN THE HARTFORD COURANT | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
| Total Nbr Of501 C3 And Govt Grants | 0 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Financial aid and tuition remission | TypeOfGrant |
| Number Of Recipients | 94 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 3289320 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | financial aid | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Pt I Line 2 | Identifier |
| Explanation | Assistance is granted based on the need of each individual student. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg |
|---|---|---|---|
| CHISHOLM CHANDLER | |||
| 265000 | 12800 | 36345 | 314145 |
| JOHN MAGIERA | |||
| 200000 | 16000 | 27646 | 243646 |
| DIRCK BARHYDT | |||
| 170750 | 8538 | 179288 | |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Pt I Line 4b | Identifier |
| Explanation | deferred compensation plan | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHEFA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 060806186 | IssuerEIN |
| CUSIP Number | 20774UYH2 | CUSIPNumber |
| Date Issued | 2008-05-22 | DateIssued |
| Issue Price | 48160000 | IssuePrice |
| Description Of Purpose | Capital projects | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | 48160000 | TotalProceeds |
| Amount In Reserve Fund | 4524066 | AmountInReserveFund |
| Capitalized Interest | 1542293 | CapitalizedInterest |
| Issuance Costs From Proceeds | 331484 | IssuanceCostsFromProceeds |
| Capital Expenditures | 47828516 | CapitalExpenditures |
| Year Of Subst Completion | 2009 | YearOfSubstCompletion |
| Current Refunding | false | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Non Qualified Bond Remed Procdrs | true | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiled |
| No Rebate Due | true | NoRebateDue |
| Variable Rate Issue | false | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Written Proc To Monitor Reqs | true | WrittenProcToMonitorReqs |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | Part IV, line 2c - May 22, 2013 | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 42 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1315831 | NoncashContribsRptdF990 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (16 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI, Line 11b | The School provides a copy of the Federal Form 990 |
| to the audit committee. The committee reviews the Form 990 | |
| and supporting documents before filing. This committee | |
| then makes any needed changes and approves the Form 990. | |
| Pt VI, Line 12c | The School annually certifies that there are no |
| conflicts. | |
| Pt VI, Line 15a | The Compensation Committee reviews key employee |
| compensation annually and presents a recommendation | |
| at the spring meeting. ABOPS compensation data | |
| is used for comparability studies. | |
| Pt VI, Line 19 | All documents are available upon request and are on |
| file in the business office of the School. | |
| Pt VI, Line 15b | The Compensation Committee reviews key employee |
| compensation annually and presents a recommendation | |
| at the spring meeting. ABOPS compensation data | |
| is used for comparability studies. |