2012-07-12T09:00:57-05:00 2011-08-31 JH COHN LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2010-09-01 060646805 THE RECTORY SCHOOL INC RECT 8609287759 528 POMFRET STREET POMFRET CT 06258 FREDERICK W WILLIAMS 8609287759 2012-07-10 1 8606333000 2010 2016-02-24 21:20:13Z FREDERICK W WILLIAMS 528 POMFRET STREET POMFRET CT 06258 14346732 0 X WWW.RECTORYSCHOOL.ORG X 1935 CT TO PROVIDE STUDENTS, FROM EARLY CHILDHOOD THROUGH MIDDLE SCHOOL, WITH AN ENRICHED AND SUPPORTIVE ACADEMIC, SOCIAL AND ETHICAL COMMUNITY THAT ADDRESSES INDIVIDUAL LEARNING STYLES, APTITUDES AND NEEDS WHILE PROMOTING PERSONAL SELF-WORTH AND ACCOUNTABILITY. THE SCHOOL COMMUNITY LIVES THE RECTORY SCHOOL CREED: RESPONSIBILITY, RESPECT, HONESTY, AND COMPASSION. 15 15 170 0 0 0 888293 957881 8600477 9971174 823139 760708 39728 104012 10351637 11793775 1531120 1441281 0 0 4877300 5155816 0 0 444576 3772758 4365555 10181178 10962652 170459 831123 28282506 30131179 13241345 13927018 15041161 16204161 TO PROVIDE STUDENTS, FROM EARLY CHILDHOOD THROUGH MIDDLE SCHOOL, WITH AN ENRICHED AND SUPPORTIVE ACADEMIC, SOCIAL AND ETHICAL COMMUNITY THAT ADDRESSES INDIVIDUAL LEARNING STYLES, APTITUDES AND NEEDS WHILE PROMOTING PERSONAL SELF-WORTH AND ACCOUNTABILITY. 0 0 8946681 1441281 9989955 PROVIDE CO-EDUCATIONAL SERVICES AND SUPPORT TO APPROXIMATELY 250 STUDENTS IN GRADES 5 THROUGH 9 IN AN INDEPENDENT BOARDING AND DAY SCHOOL SETTING. 8946681 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 28 0 1 170 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X MAGGIE WARD 8609286025 528 POMFRET STREET POMFRET CT 06258 HENRY S WOODBRIDGE JR 5.00 X X 0 0 0 JUDITH K MITCHELL 5.00 X X 0 0 0 KATHLEEN R LEVEILLE 5.00 X X 0 0 0 MICHAEL J ANGELIDES 5.00 X X 0 0 0 DOUGLAS A AMES 1.00 X 0 0 0 WILLIAM C BLIND 1.00 X 0 0 0 CHRISTOPHER D BURNER 1.00 X 0 0 0 GARFIELD W DANENHOWER MD 1.00 X 0 0 0 JOHN GRAY 1.00 X 0 0 0 MICHAEL C KEMPNER 1.00 X 0 0 0 EDWARD D KRATOVIL 1.00 X 0 0 0 NAMSOO LEE 1.00 X 0 0 0 JOAN LOOS 1.00 X 0 0 0 GLEN C SMITH 1.00 X 0 0 0 HENRY B SMITH 1.00 X 0 0 0 FREDERICK W WILLIAMS 50.00 X 170428 0 69071 MAGGIE C WARD 50.00 X 59919 0 9768 NANCY A GINGRAS 50.00 X 105528 0 17628 THOMAS F ARMY X 172437 0 15964 508312 0 112431 3 1 1 0 CHARTWELLS POBOX 91337 CHICAGO IL 606931337 FOOD SERVICES 582906 MICHAEL WOLCHESKY PO BOX 79 POMFRET CENTER CT 062590079 CONSTRUCTION SERVICES 235294 E & R LAUNDRY & DRY CLEANERS 565 GOLD STREET MANCHESTER NH 03103 LAUNDRY SERVICES 127762 3 8017 949864 19613 957881 TUITION AND FEES 611710 9103645 9103645 AUXILIARY PROGRAMS 611710 867529 867529 9971174 414811 414811 2745712 2399815 345897 345897 345897 41347 8017 36351 4996 4996 135572 116791 18781 18781 OTHER INCOME 611710 80235 80235 80235 11793775 9989955 0 845939 1441281 1441281 310140 20438 259046 30656 3689903 2995214 452645 242044 161133 130603 18419 12111 714700 587951 91251 35498 279940 207698 54762 17480 10725 10725 19525 19525 22897 22897 864742 778268 86474 58336 809 56063 1464 174593 10721 129836 34036 158612 142751 15861 730723 657651 73072 88878 57019 23099 8760 7080 7080 336617 302955 33662 923180 830862 92318 92735 92735 STUDENT SERVICES AND AC 286830 286830 EDUCATIONAL SUPPLIES AN 227741 227741 EXPERIENTIAL LEARNING 137761 137761 ATHLETICS SUPPLIES AND 92590 92590 DEVELOPMENT EVENTS AND 54988 54988 77002 37538 31925 7539 10962652 8946681 1571395 444576 600 294524 4416508 4247407 196096 230918 577972 764901 202572 89809 119344 276526 26882650 11340198 16001457 15542452 6427321 8310033 340636 374609 28282506 30131179 440151 473476 6545646 6992140 5805000 5610000 238999 153648 211549 697754 13241345 13927018 X 10211103 11069775 2863734 3149275 1966324 1985111 15041161 16204161 28282506 30131179 X 831123 331877 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7521637 115949 1084602 275000 8447188 7109410 676745 647337 876745 35110 7521637 9199806 500000 -1812611 742500 35285 7109410 0.47000 0.53000 0 0 23341952 9330901 14011051 3040381 1595843 1444538 500317 413454 86863 15542452 INTEREST RATE SWAP AGREEMENT 126055 CUSTODIAL LIABILITIES 534652 OBLIGATIONS UNDER CAPITAL LEASES 37047 697754 11793775 10962652 831123 420489 -174106 85494 331877 1163000 10952371 420489 202285 622774 10329597 22897 1441281 1464178 11793775 9615265 116791 116791 9498474 22897 1441281 1464178 10962652 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: EARNINGS FROM THE SCHOOL'S ENDOWMENT FUNDS ARE UTILIZED TO SATISFY DONOR RESTRICTIONS ON THE USE OF THE EARNINGS, IF ANY, AND TO SUPPORT THE SCHOOL'S OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS AT AUGUST 31, 2011. THE SCHOOL'S U.S. FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2008 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 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 85,494. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP 85,494. COST OF GOODS SOLD 116,791. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,441,281. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 116,791. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,441,281. 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 STATEMENT OF NON-DISCRIMINATORY POLICY IS PUBLISHED IN LOCAL AND REGIONAL NEWSPAPERS AS WELL AS ON THE SCHOOL'S WEBSITE. AUCTION 22550 2137 20413 25210 GOLF TOURNAMENT 26814 5880 20934 11141 49364 8017 41347 36351 36351 4996 1 FINANCIAL AID 96 1441281 FAIR VALUE FINANCIAL AID PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS GRANTED TO FAMILIES ON A NEED BASIS. APPLICATION FORMS MUST BE FILED WITH THE SCHOOL SCHOLARSHIP SERVICE OF PRINCETON, NEW JERSEY. X X X 1 0 X X X X X 1 0 0 0 0 0 0 0 0 FREDERICK W WILLIAMS 170428 0 0 0 0 0 8000 0 61071 0 239499 0 0 0 THOMAS F ARMY 172437 0 0 0 0 0 8509 0 7455 0 188401 0 0 0 PART I, LINE 1A THE HEAD AND HEAD'S FAMILY MUST RESIDE IN THE HEADMASTER'S RESIDENCE IN ORDER FOR THE HEAD TO EFFECTIVELY PERFORM PRESCRIBED DUTIES, INCLUDING, BUT NOT LIMITED TO, PROVIDING STUDENTS AND TEACHERS OFF HOURS WITH ACCESS TO LOCKED BUILDINGS AND OTHER CAMPUS VENUES WHEN NECESSARY, PROVIDING CAMPUS OVERSIGHT DURING EVENINGS AND WEEKENDS AND VACATIONS, AND PROVIDING COVENIENT ADMINISTRATIVE PRESENCE AT SCHOOL EVENTS. THE HEAD'S OCCUPATION OF THIS RESIDENCE IS A CONDITION OF HIS EMPLOYMENT BY THE SCHOOL AND IS FOR THE CONVENIENCE OF THE SCHOOL. AS A REPRESENTATIVE OF THE SCHOOL, THE HEAD USES SAID HOUSE FOR MEETINGS OF DONORS, STUDENTS, TEACHERS, STAFF MEMBERS, ALUMNI, VISITING TEACHERS, SCHOLARS, TRUSTEES, AND SPEAKERS, AND FOR SUCH OTHER SCHOOL FUNCTIONS AND AFFAIRS AS SHALL BE APPROPRIATE FOR THE BEST INTEREST AND DEVELOPMENT OF THE SCHOOL. PART I, LINE 4A THE FORMER HEADMASTER RECEIVES DEFERRED COMPENSATION PAYMENTS AS A RETIREMENT BENEFIT FROM THE SCHOOL. TOTAL BENEFITS PAID DURING THE 2010 CALENDAR YEAR WERE $188,401. MARCIA WILLIAMS SPOUSE OF THE SCHOOL'S HEADMASTER 12901 COMPENSATION FOR DATABASE ADMINISTRATIVE SERVICES 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE PRIOR TO BEING PRESENTED TO THE FULL BOARD FOR ITS REVIEW AND APPROVAL. THE APPROPRIATE OFFICER OF THE SCHOOL IS INFORMED OF THE APPROVAL AND THE FORM IS FILED ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C THE IDENTIFICATION AND SUCCESSFUL RESOLUTION OF CONFLICTS AND POTENTIAL CONFLICTS DEPENDS ON COMPLETE AND TIMELY DISCLOSURE. DISCLOSURE WILL OCCUR THROUGH AN ANNUAL WRITTEN STATEMENT AND THE NOTIFICATION TO THE BOARD CHAIR OF OTHER ACTUAL OR POTENTIAL CONFLICTS, AS THEY ARISE. ALL FINANCIAL AND MATERIAL FACTS RELATING TO POTENTIAL CONFLICT OF INTERESTS SHALL BE DISCLOSED. ANNUALLY, EACH BOARD AND COMMITTEE MEMBER SHALL SIGN AND FILE A DISCLOSURE STATEMENT THAT SHALL BE KEPT WITH THE RECORDS OF THE BOARD. PRIOR TO APPOINTMENT, ALL FUTURE BOARD AND COMMITTEE MEMBERS SHALL DO LIKEWISE. SIGNING OF A DISCLOSURE STATEMENT ACKNOWLEDGES THAT A PERSON HAS RECEIVED, READ AND UNDERSTANDS, AND COMPLIES WITH THE POLICY AS IT RELATES TO MEMBERSHIP ON AND ACTIONS OF THE BOARD AND COMMITTEES. DISCLOSURE STATEMENTS SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE WHICH SHALL RECOMMEND ACTION BY THE BOARD, IF NECESSARY. WHENEVER A POTENTIAL CONFLICT ARISES THAT HAS NOT BEEN IDENTIFIED ON A DISCLOSURE FORM, IT SHALL BE DISCLOSED TO THE CHAIR OF TO THE EXECUTIVE COMMITTEE IN A TIMELY FASHION, AND MADE A PART OF THE RECORD OF THE BOARD. WHENEVER NECESSARY, THE BOARD SHALL TAKE APPROPRIATE ACTION WITH RESPECT TO PERSONS WHO ARE IN VIOLATION OF THIS POLICY. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER OF THE BOARD OR A COMMITTEE HAS FAILED TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS, EITHER IN WRITING OR, AT A LATER DATE, TO THE CHAIR, IT SHALL INFORM THE PERSON OF ITS BELIEF AND AFFORD THE PERSON AN OPPORTUNITY TO PROVIDE AN EXPLANATION. IF, AFTER HEARING THE EXPLANATION OF THE PERSON AND MAKING FURTHER INVESTIGATION DEEMED NECESSARY UNDER THE CIRCUMSTANCES, IT IS DECIDED THAT THE PERSON FAILED TO DISCLOSE IN A PROPER FASHION THE ACTUAL OR POTENTIAL CONFLICT, THE BOARD SHALL TAKE APPROPRIATE CORRECTIVE OR DISCIPLINARY ACTION. THE BOARD, THROUGH ITS EXECUTIVE COMMITTEE, SHALL UNDERTAKE PERIODIC REVIEWS TO DETERMINE COMPLIANCE WITH THIS POLICY. IT SHALL REPORT ITS FINDINGS TO THE FULL BOARD AND INCLUDE RECOMMENDATIONS FOR REVISION, WHERE NECESSARY. FORM 990, PART VI, SECTION B, LINE 15A THE SCHOOL'S EXECUTIVE COMMITTEE REVIEWS THE SALARY AND BENEFITS OF THE HEADMASTER IN COMPARISON TO THE SALARIES OF THE HEADS OF SCHOOLS OF SIMILAR SIZE. THE HEADMASTER'S CONTRACT IS PRESENTED TO THE BOARD FOR OVERALL APPROVAL. THE HEADMASTER AND THE EXECUTIVE COMMITTEE REVIEW THE SALARY OF THE DIRECTOR OF FINANCE IN COMPARISON TO THE SALARIES OF INDIVIDUALS IN SIMILAR POSITIONS AT PEER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12A: THE SCHOOL IS IN THE PROCESS OF CREATING A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 420,489. PRIOR PERIOD ADJUSTMENTS: -174,106. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 85,494. TOTAL TO FORM 990, PART XI, LINE 5: 331,877. FORM 990, PART XII, LINE 2C: THE SCHOOL DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR.