2013-05-14T14:08:39-05:00 2012-06-30 271728945 O'CONNOR DAVIES LLP ONE STAMFORD LANDING STAMFORD CT 06902 990 2011-07-01 060646562 BRUNSWICK SCHOOL INC BRUN 2036255815 100 MAHER AVENUE GREENWICH CT 068305618 STEVEN H DUDLEY 2036255815 2013-05-09 1 GARRETT M HIGGINS P00543209 2033232400 2013-05-09 2011 2016-02-24 21:20:13Z STEVEN H DUDLEY 100 MAHER AVENUE GREENWICH CT 068305618 63935121 0 X WWW.BRUNSWICKSCHOOL.ORG X 1932 CT BRUNSWICK IS AN INDEPENDENT COLLEGE-PREPARATORY DAY SCHOOL FOR BOYS IN GRADES PRE-K THROUGH 12. STUDENTS SUCCEED BY ANNUALLY ADVANCING MATRICULATION, CULMINATING WITH A 100% PLACEMENT RECORD FOR SENIOR BOYS AT NATIONALLY RECOGNIZED, HIGHLY COMPETITIVE COLLEGES AND UNIVERSITIES. BRUNSWICK SCHOOL HOLDS LONG-STANDING ACCREDITATION BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES. 29 29 333 200 0 0 10089333 13468668 30602845 31650313 3183836 1933613 570915 401767 44446929 47454361 4568302 4685469 0 0 20542580 21529169 0 0 1901301 13448495 16085948 38559377 42300586 5887552 5153775 233900460 240030236 59423693 62386932 174476767 177643304 X SEE SCHEDULE O 0 0 28283357 4685469 30901179 EDUCATION FOR APPROXIMATELY 940 STUDENTS IN CLASSES FROM PRE-KINDERGARTEN THROUGH 12TH GRADE 4501232 569268 REQUIRED ATHLETIC AND VOLUNTARY SUMMER PROGRAMS 1785345 410921 STUDENT SERVICES INCLUDING FOOD SERVICE AND BOOKSTORE. 34569934 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 1 89 0 333 1 1 1 0 0 0 0 1 1 0 0 0 0 X 29 29 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA IL MA NH NJ NY PA VA X X STEVEN H DUDLEY DIRECTOR OF FINANCE 2036255815 99 MAHER AVENUE GREENWICH CT 06830 MR WILLIAM A DURKIN III 8.00 X X 0 0 0 MRS W ROBERT DAHL 4.00 X X 0 0 0 MR B CORT DELANY 4.00 X X 0 0 0 MR W PRESTON BALDWIN III 2.00 X 0 0 0 MRS JAMES BETTER 2.00 X 0 0 0 MR MICHAEL P CASTINE 2.00 X 0 0 0 MR MATTHEW DESALVO 2.00 X 0 0 0 MR JOHN R HARVEY 2.00 X 0 0 0 MR ANDREW JACOBSON 2.00 X 0 0 0 MR DAVID B MACFARLANE 4.00 X 0 0 0 MR IAN MCKINNON 2.00 X 0 0 0 MR SANJEEV K MEHRA 4.00 X 0 0 0 MR IAN C MURRAY 2.00 X 0 0 0 MR SHEPHERD MURRAY 2.00 X 0 0 0 MR MICHAEL J ODRICH 2.00 X 0 0 0 MR THOS D O'MALLEY JR 4.00 X 0 0 0 MRS ANDREW P PEISCH 2.00 X 0 0 0 MR CLIFTON S ROBBINS 4.00 X 0 0 0 MR WILLIAM A SCHNEIDER 2.00 X 0 0 0 MRS MARK STITZER 2.00 X 0 0 0 MR TRACY R WOLSTENCROFT 4.00 X 0 0 0 DR MARK CAMEL 2.00 X 0 0 0 MR CARLOS HERNANDEZ 2.00 X 0 0 0 MR PHILIP FP PIERCE 2.00 X 0 0 0 MR MICHAEL TROY 2.00 X 0 0 0 MR JOHN S WEINBERG 2.00 X 0 0 0 MR ROBERT F CARANGELO 2.00 X 0 0 0 DR SCOTT V HAIG 2.00 X 0 0 0 MR GREGORY B HARTCH 2.00 X 0 0 0 MR THOMAS W PHILIP 40.00 X 405978 0 244654 MR STEVEN H DUDLEY 40.00 X 285841 0 68483 MR THOMAS MURRAY 40.00 X 208317 0 35002 MR SUNIL GUPTA 40.00 X 158254 0 34861 MR DOUGLAS BURDETT 40.00 X 151450 0 96936 MR ANDREW HALL 40.00 X 148194 0 55969 MR TIMOTHY F OSTRYE 40.00 X 138309 0 34352 MR STEPHEN DUENNEBIER 40.00 X 136528 0 32545 1632871 0 602802 35 0 1 0 CHARTWELLS DINING SERVICES 91337 COLLECTIONS DRIVE CHICAGO IL 60693 DINING SERVICES 1388539 DUNNING ENTERPRISES INC 11 BUCKLEY AVENUE PORT CHESTER NY 10573 CLEANING SERVICE 401100 CHARLIE HORTON JR LANDSCAPING INC PO BOX 271 PORT CHESTER NY 10573 LANDSCAPING 258695 EDUCATION LAB ARCHITECTS LLC 60 FAIRVIEW AVENUE STAMFORD CT 06902 ARCHITECTS 240499 TRI-STATE CUSTOM HOMES LLC 185 HENRY STREET STAMFORD CT 06902 CONSTRUCTION MANAGEMENT/CONTRACTING 224128 12 622442 12846226 390822 13468668 STUDENT TUITION 900099 30626722 30626722 AFTER SCHOOL PROGRAMS 611710 685378 685378 SUMMER PROGRAM 611710 338213 338213 31650313 718793 718793 734690 512428 222262 222262 222262 16109639 14894819 1214820 1214820 1214820 464416 622442 534025 -69609 -69609 770543 539488 231055 231055 OTHER REVENUE 900099 18059 18059 18059 47454361 31881368 0 2104325 4685469 4685469 1311718 68441 981675 261602 15339909 13057722 1570178 712009 1330708 1242642 32890 55176 2357724 2157109 126467 74148 1189110 994554 129043 65513 41162 41162 71285 71285 41518 41518 134355 108661 25640 54 89445 50402 39043 954320 426518 289568 238234 239133 218498 1275 19360 978047 876930 100366 751 296552 294484 1814 254 142704 115049 10892 16763 1926599 1926599 4601963 4519260 46105 36598 123243 94354 28808 81 BLDG MAINT & CONTRACTS 2335723 2319572 14166 1985 DEBT FINANCING LOSS 2057771 2057771 CATERING 1154513 1146530 7002 981 ANNUAL CAMPAIGN EXPENSE 456365 95423 360942 441250 317542 105901 17807 42300586 34569934 5829351 1901301 5869556 14103236 17017748 6478958 9031352 11855992 394530 342084 20000 148232 174996 262089 260978 157299944 39498619 112635290 117801325 36242236 30831498 50730411 57460555 1549016 720614 233900460 240030236 3676750 4254453 11446027 11767396 40325000 38175000 604000 3975916 7586083 59423693 62386932 X 143376181 144003236 10008609 11874416 21091977 21765652 174476767 177643304 233900460 240030236 X 5153775 -1987238 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 83986974 1217582 -167970 4551571 80485015 74402682 3352524 8201857 1970089 83986974 82736143 3991889 5028243 258814 17065254 29525 74402682 92784624 2940211 -9334222 312060 3306635 35775 82736143 0.68820 0.24600 0.06580 0 0 12404990 12404990 120932375 27205467 93726908 14071393 9883604 4187789 9891186 2409548 7481638 117801325 COMMODITY STRATEGY FUND 2230303 F EQUITY STRATEGY FUND 32631327 F MULTI-STRATEGY FUND 17814580 F PRIVATE EQUITY LIMITED PARTNERSHIPS 4784345 F 57460555 ENROLLMENT DEPOSITS 3645800 ASSET RETIREMENT OBLIGATION 480526 UNAMORTIZED BOND PREMIUM 3459757 7586083 47454361 42300586 5153775 -1987238 -1987238 3166537 41792052 -1987238 1051916 -935322 42727374 41518 4685469 4726987 47454361 38625515 1051916 1051916 37573599 41518 4685469 4726987 42300586 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF OVER 81 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND AMOUNTS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE SCHOOL HAS ADOPTED AN INVESTMENT POLICY AND A SPENDING POLICY, APPROVED BY THE SCHOOL'S BOARD OF TRUSTEES. FOR DONOR-RESTRICTED ENDOWMENT ASSETS, THE POLICIES ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO DONOR-RESTRICTED PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE RELATED ENDOWMENT ASSETS. ENDOWMENT ASSETS ARE INVESTED WITH A MODERATE LEVEL OF INVESTMENT RISK IN ACCORDANCE WITH AN ASSET ALLOCATION STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE SCHOOL TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES AN EMPHASIS ON ALTERNATIVE INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE SPENDING POLICY CALLS FOR ANNUAL WITHDRAWALS FROM THE DONOR-RESTRICTED FUNDS FOR DONOR-RESTRICTED PURPOSES CALCULATED AS FOUR PERCENT OF THE AVERAGE MARKET VALUE OF THE DONOR-RESTRICTED FUNDS OVER THE MOST RECENT THREE-YEAR PERIOD. IN ADDITION, THERE ARE ANNUAL WITHDRAWALS FROM BOARD-DESIGNATED FUNDS FOR THE SCHOOL'S LONG TERM DEBT SERVICE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (THE CODE). THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED AND ACCORDINGLY BELIEVES THAT ITS INCOME TAX POSITIONS ARE CONSISTENT WITH ITS EXEMPTION. CONTRIBUTIONS MADE TO THE SCHOOL ARE QUALIFIED FOR THE MAXIMUM TAX DEDUCTION ALLOWABLE UNDER THE CODE. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE SCHOOL'S PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. THE SCHOOL DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDED JUNE 30, 2012 AND 2011. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 512,428. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 539,488. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 4,685,469. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 512,428. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 539,488. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 4,685,469. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 IN ALL OPEN HOUSE ADVERTISEMENTS: NEWSPAPER, BROADCAST AND OTHER MEDIA. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENTS 51709260 0 0 0 0 0 0 51709260 0 51709260 1 0 0 1 1 0 BENEFIT 820731 567367 253364 96531 83772 64277 85522 BOOK FAIR 67992 67992 521 248 49356 3 198135 55075 143060 2929 19127 11471 120271 1086858 622442 464416 99981 102899 75996 255149 534025 -69609 1 FINANCIAL AID 158 4685469 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE SCHOOL GRANTS FINANCIAL AID AWARDS TO STUDENTS WHO DEMONSTRATE FINANCIAL NEED. STUDENTS SEEKING AID ARE REQUIRED TO COMPLETE THE SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID (SSS) APPLICATION. THE SCHOOL USES THE ANALYSIS OF SSS IN DETERMINING THE AMOUNT OF EACH STUDENT'S FINANCIAL AID AWARD. THE STUDENT'S TUITION BILL IS REDUCED BY THE AMOUNT OF THE FINANCIAL AID AWARDED. X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 MR THOMAS W PHILIP 322450 0 50000 0 33528 0 112271 0 132383 0 650632 0 28290 0 MR STEVEN H DUDLEY 237789 0 0 0 48052 0 56850 0 11633 0 354324 0 0 0 MR THOMAS MURRAY 189167 0 0 0 19150 0 19660 0 15342 0 243319 0 0 0 MR SUNIL GUPTA 141224 0 0 0 17030 0 15965 0 18896 0 193115 0 0 0 MR DOUGLAS BURDETT 134570 0 0 0 16880 0 32458 0 64478 0 248386 0 0 0 MR ANDREW HALL 136114 0 0 0 12080 0 17767 0 38202 0 204163 0 0 0 MR TIMOTHY F OSTRYE 137793 0 0 0 516 0 18287 0 16065 0 172661 0 0 0 MR STEPHEN DUENNEBIER 124112 0 0 0 12416 0 17203 0 15342 0 169073 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO THE HEADMASTER AS HE IS REQUIRED TO LIVE ON CAMPUS. THE HOUSING BENEFIT IS PART OF HIS NON-TAXABLE COMPENSATION TOTALING $80,000. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). THE FOLLOWING EMPLOYEES RECEIVED A TAXABLE HOUSING BENEFIT. THIS AMOUNT WAS INCLUDED IN SCHEDULE J, PART II, COLUMN (B) III. - STEVEN H. DUDLEY: $25,260 - THOMAS MURRAY: $16,850 - SUNIL GUPTA: $16,850 - ANDREW HALL: $11,900 - DOUGLAS BURDETT: $16,700 - STEPHEN DUENNBIER: $11,900 PART I, LINE 4B NONQUALIFIED RETIREMENT PLAN - THE SCHOOL MAINTAINS A 457(F) DEFERRED COMPENSATION PLAN IN WHICH CERTAIN SENIOR EXECUTIVES PARTICIPATE. FUNDED AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. PAYMENTS INCLUDED IN 2011 W-2 WERE AS FOLLOWS: THOMAS W. PHILIP $28,290 THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B) III. THE FOLLOWING INDIVIDUALS RECEVIE CONTRIBUTIONS TO A NON-QUALIFIED 457(F) PLAN AS FOLLOWS: THOMAS W. PHILIP, $80,421 STEVEN H. DUDLEY, $25,000 DOUGLAS BURDETT, $15,000 THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (C). PART I, LINE 7 THE HEADMASTER OF THE SCHOOL, THOMAS W. PHILIP RECEIVED A BONUS OF $50,000 FROM THE ORGANIZATION. THE BONUS WAS BASED ON THE DISCRETION OF THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE BONUS WAS BASED UPON A REVIEW OF THE HEADMASTER'S PERFORMANCE, AND APPROVED BY THE COMPENSATION COMMITTEE PRIOR TO BEING AWARDED. SUPPLEMENTAL INFORMATION PART III SCHEDULE J, PART II COLUMN D - NONTAXABLE BENEFITS INCLUDE CONTRIBUTIONS TO EMPLOYEE HEALTH AND OTHER BENEFIT PLANS FOR ALL EMPLOYEES, AND TUITION BENEFITS FOR EMPLOYEES WITH CHILDREN ATTENDING PRE-K THROUGH TWELFTH GRADE. STATE OF CT HEALTH AND EDUCATIONAL FACILITIES AUTHOR 060806186 20774LZV0 2012-03-29 38470000 BOND REFINANCING 1 1 0 40325000 41990411 41903852 576414 2005 1 1 1 1 0 0 0 0 1 0 1 0 0 0 0 LONE PINE CAPITAL LLC MRS. W. ROBERT DAHL, TRUSTEE OF ORG & SENIOR OFFICER OF LONE PINE CAPITAL 132121 DURING 2012 AND 2011, LONE PINE CAPITAL, LLC (LPC), AN INVESTMENT COMPANY THAT MANAGES A PORTION OF THE SCHOOL'S INVESTMENT PORTFOLIO TOTALING $7,510,630 AND $6,801,263, RESPECTIVELY, IS AFFILIATED WITH A MEMBER OF THE SCHOOL'S BOARD OF TRUSTEES, MRS. W. ROBERT DAHL. MRS. W. ROBERT DAHL SERVES AS A MANAGING DIRECTOR OF LPC. LPC RECEIVED MANAGEMENT FEES OF $132,121 AND $189,741 DURING 2012 AND 2011, RESPECTIVELY. 0 X 39 390822 FMV AT TIME OF DONATION 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE SCHOOL HAS AN ACCOUNT AT UBS TO HANDLE ALL GIFTS OF PUBLICLY TRADED SECURITIES. THE SCHOOL'S INSTRUCTIONS TO UBS IS TO SELL ALL SECURITIES IMMEDIATELY AND TRANSFER THE PROCEEDS AS DIRECTED BY MANAGEMENT. SCHOOL'S MISSION FORM 990, PART III, LINE 1: BRUNSWICK SCHOOL, INC. (THE SCHOOL) IS A NOT FOR PROFIT DAY SCHOOL, FOUNDED IN 1902, FOR BOYS IN PRE KINDERGARTEN THROUGH TWELFTH GRADE. THE SCHOOL, WHICH IS LOCATED IN GREENWICH, CONNECTICUT, IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. THE PURPOSE OF THE SCHOOL IS TO EDUCATE THE "WHOLE BOY". IT WILL DO SO BY HELPING BOYS AND YOUNG MEN - WITHOUT REGARD TO CULTURE, ETHNICITY OR RELIGION - ACQUIRE THE PERSONAL, INTELLECTUAL AND PHYSICAL TRAINING THAT WILL BEST ENABLE THEM TO GROW INTO RESPONSIBLE ADULTS WHO CAN MAKE SIGNIFICANT AND LASTING CONTRIBUTIONS TO SOCIETY. SINCE 1902, BRUNSWICK SCHOOL HAS BEEN, IN THE WORDS OF GEORGE CARMICHAEL, ITS FOUNDER, "ABLY AND GENEROUSLY PREPARING BOYS FOR LIFE." THROUGH A RICH AND RIGOROUS COLLEGE PREPARATORY CURRICULUM, THE SCHOOL STRIVES FOR THE FULLEST INTELLECTUAL DEVELOPMENT OF EVERY YOUNG MAN. THE SCHOOL'S ACADEMIC PROGRAMS SEEK TO INSTILL IN EACH STUDENT A DESIRE TO LEARN, TO CHALLENGE EACH BOY TO FULFILL HIS OWN UNIQUE POTENTIAL, TO FOSTER CRITICAL THINKING SKILLS AND TO DEVELOP THE CREATIVE AND INDEPENDENT QUALITIES OF MIND NECESSARY TO INTELLECTUAL MATURITY AND INCREASED SELF-CONFIDENCE. THE SCHOOL ALSO BELIEVES THAT A COMPLETE EDUCATION MUST INCLUDE LESSONS THAT TAKE PLACE OUTSIDE THE CLASSROOM. THROUGH ATHLETICS, ARTS AND SERVICE TO THE COMMUNITY, EVERY STUDENT IS ENCOURAGED TO DEVELOP HIS TALENTS TO THE FULLEST, TO UNDERSTAND THE OBLIGATION TO SHARE THEM GENEROUSLY, TO TAKE RISKS TO ENSURE GROWTH AND TO REFUSE TO ACCEPT NARROW DEFINITION OF HIMSELF. AND AS ITS YOUNG MEN GROW IN AN ATMOSPHERE OF TRUST, CARE AND MUTUAL RESPECT, THE SCHOOL ACCEPTS THAT ITS OVERRIDING OBJECTIVE IS TO FOSTER THE DEVELOPMENT OF STRONG CHARACTER. THE SCHOOL STRIVES TO INSTILL IN ITS STUDENTS THE VALUES OF HONESTY, INTEGRITY, COMPASSION AND TOLERANCE AND TO DEVELOP IN EACH STUDENT A SENSE OF RESPONSIBILITY TO HIMSELF, TO THOSE AROUND HIM, TO THE SCHOOL COMMUNITY AND TO THE GREATER SOCIETY. THE SCHOOL BELIEVES, ABOVE ALL ELSE, THAT IT IS THE STRENGTH OF A YOUNG MAN'S CHARACTER AND THE DEPTH OF HIS SPIRIT THAT DETERMINE AND DEFINE ALL GENUINE AND LASTING SUCCESS. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING ARE THE OFFICERS, DIRECTORS, TRUSTEES, OR KEY EMPLOYEES OF THE SCHOOL THAT HAVE A FAMILY RELATIONSHIP OR A BUSINESS RELATIONSHIP WITH ANOTHER OFFICER, DIRECTOR, TRUSTEE, OR KEY EMPLOYEE: BUSINESS RELATIONSHIP: MR. SANJEEV K. MEHRA MR. TRACY R. WOLSTENCROFT MR. JOHN WEINBERG FAMILY & BUSINESS RELATIONSHIP: MR. IAN C. MURRAY MR. SHEPHERD MURRAY FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER OF THE BOARD OF TRUSTEES WILL REVIEW THE ANNUAL FORM 990 RETURN PRIOR TO FILING. THIS REVIEW WILL BE NOTED AS AN AGENDA ITEM AT BOTH AN AUDIT/FINANCE COMMITTEE MEETING AND A BOARD OF TRUSTEE MEETING AND WILL BE DULY NOTED IN THE MINUTES. THE COMPLETED FORM 990 WILL BE MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES RECEIVE A COPY OF THE FORM 990 EITHER ELECTRONICALLY OR IN PAPER FORM, PER THEIR REQUEST OF THE BUSINESS OFFICE OR TREASURER. FORM 990, PART VI, SECTION B, LINE 12C EACH NEW PERSON SERVING AS A TRUSTEE, OFFICER OR KEY EMPLOYEE OF BRUNSWICK SCHOOL IS REQUIRED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. EACH PERSON SERVING AS A TRUSTEE, OFFICER OR KEY EMPLOYEE OF BRUNSWICK SCHOOL SHALL ANNUALLY COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM, IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE PERSON AND/OR HIS OR HER IMMEDIATE FAMILY IS INVOLVED THAT HE OR SHE BELIEVES COULD GIVE RISE TO A CONFLICT OF INTEREST. THE CHAIR OF THE BOARD OF TRUSTEES AND THE HEADMASTER SHALL REVIEW EACH DISCLOSURE FORM AND DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST IT SHALL BE DISCLOSED TO THE BOARD OF TRUSTEES, OR ITS AUDIT AND FINANCE COMMITTEE, AND MADE A MATTER OF RECORD THROUGH AN APPROVED PROCEDURE. THE PRIOR APPROVAL OF THE BOARD OF TRUSTEES OR AUDIT AND FINANCE COMMITTEE SHALL BE REQUIRED FOR ANY BUSINESS ARRANGEMENT OR TRANSACTION INVOLVING A TRUSTEE OR KEY EMPLOYEE WHICH MAY CONSTITUTE A CONFLICT OF INTEREST. APPROVAL SHALL BE GRANTED ONLY IF THE ARRANGEMENT OR TRANSACTION IS FULLY DISCLOSED AND IS DETERMINED TO BE ON TERMS WHICH ARE FAIR TO AND IN THE BEST INTERESTS OF BRUNSWICK SCHOOL. ANY TRUSTEE HAVING A CONFLICT OF INTEREST SHALL NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER, AND SHALL NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE BOARD OR COMMITTEE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (COMPRISED OF TRUSTEES WITH NO CONFLICT OF INTEREST WITH REGARD TO INDIVIDUALS UNDER REVIEW) HIRES A CONSULTANT EVERY OTHER YEAR TO REVIEW COMPARABLE PACKAGES FOR THE HEADMASTER AND ASSISTANT HEADMASTER/DIRECTOR OF FINANCE. THE CONSULTANT PRESENTS DATA FOR COMPARABLE POSITIONS BOTH LOCALLY AND NATIONALLY AND THE COMPENSATION COMMITTEE MAKES THE FINAL DECISION FOR THE SALARY PACKAGE OVER THE 2-YEAR TIME FRAME, ASSUMING CONTINUATION OF EMPLOYMENT. THIS PROCESS WAS LAST DONE IN 2012. THE HEADMASTER DETERMINES THE COMPENSATION OF KEY EMPLOYEES BASED ON EXPERIENCE, CURRENT PERFORMANCE AND COMPARABLE LOCAL AND NATIONAL POSITIONS USING FAIRCHESTER AND NAIS STATISTICS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, THE FEDERAL FORM 990 WHICH INCLUDES FINANCIAL AND OTHER DISCLOSURES IS AVAILABLE ON GUIDESTAR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,987,238. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. GIFT ACCEPTANCE POLICY SCHEDULE M, LINE 31: THE SCHOOL EMPLOYS A GIFT ACCEPTANCE POLICY THAT ASSURES COMPLETE, ACCURATE AND CONSISTENT REPORTING OF GIFTS AND PLEDGES, COMPLIES WITH INTERNAL REVENUE SERVICE REGULATIONS AND ACCEPTABLE BUSINESS PRACTICES, PROTECTS THE SCHOOL'S REPUTATION AND TAX EXEMPT STATUS AND UPHOLDS ETHICAL GIVING STANDARDS AND AVOIDS REAL OR PERCEIVED CONFLICTS OF INTEREST. THE POLICY APPLIES TO THE DEVELOPMENT OFFICE STAFF AND ALL OTHER PERSONS INVOLVED IN SOLICITING, DOCUMENTING, ADMINISTERING, AND ACKNOWLEDGING GIFTS MADE FOR THE BENEFIT OF BRUNSWICK SCHOOL. THE POLICY IS DESIGNED TO ENSURE THAT DONORS FIND THE PROCESS OF GIVING EASY, UNDERSTANDABLE, AND CONSISTENT; THAT GIFTS ARE APPROPRIATE TO THE MISSION AND PRIORITIES OF THE SCHOOL; THAT NO GIFTS IMPOSE UNANTICIPATED FINANCIAL BURDENS ON THE SCHOOL; AND THAT IF GIFTS ARE RESTRICTED OR INTENDED FOR LONG-TERM USE, DOCUMENTATION OF THE PURPOSE FULFILLMENT IS MAINTAINED AND COMMUNICATED TO THE DONOR. BRUNSWICK SCHOOL HOLDINGS LLC 100 MAHER AVENUE GREENWICH CT 068305618 060646562 FACULTY HOUSING CT 13560 2050146 BRUNSWICK SCHOOL INC BRUNSWICK SCHOOL HOLDINGS I LLC 100 MAHER AVENUE GREENWICH CT 068305618 060646562 ATHLETIC FACILITY CT 168676 3122467 BRUNSWICK SCHOOL INC BRUNSWICK SCHOOL HOLDINGS II LLC 100 MAHER AVENUE GREENWICH CT 068305618 060646562 FACULTY HOUSING CT 54720 5850157 BRUNSWICK SCHOOL INC BRUNSWICK SHERWOOD HOLDINGS LLC 100 MAHER AVENUE GREENWICH CT 068305618 060646562 FACULTY HOUSING CT 116040 6103847 BRUNSWICK SCHOOL INC BRUNSWICK 81 NORTHFIELD LLC 100 MAHER AVENUE GREENWICH CT 068305618 060646562 FACULTY HOUSING CT 0 762288 BRUNSWICK SCHOOL INC