2011-10-17T11:25:53-05:00 2011-06-30 PICCERELLI GILSTEIN & CO LLP 144 WESTMINSTER STREET PROVIDENCE RI 029032282 990 2010-07-01 050259101 THE WHEELER SCHOOL WHEE 4014218100 216 HOPE STREET PROVIDENCE RI 029062246 GARY ESPOSITO 4014218100 2011-10-04 1 WILLIAM J PICCERELLI 4018310200 2010 2016-03-07 17:11:31Z GARY ESPOSITO 216 HOPE STREET PROVIDENCE RI 029062246 30204922 0 X WWW.WHEELERSCHOOL.ORG X 1889 RI THE SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR GIRLS AND BOYS FROM NURSERY THROUGH GRADE TWELVE. 23 23 532 100 0 0 2237338 6673977 21370491 22451764 13991 287670 -146061 -114200 23475759 29299211 3206026 3467264 0 0 13476911 13788445 0 0 1551617 4552405 5746719 21235342 23002428 2240417 6296783 49862639 58379182 8219530 7715838 41643109 50663344 X THE SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR GIRLS AND BOYS FROM NURSERY THROUGH GRADE TWELVE. CENTRAL TO THE SCHOOL'S PHILOSOPHY IS THE ASSUMPTION THAT ALL STUDENTS AND TEACHERS 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. WE BELIEVE THAT ALL THOSE WHO PARTICIPATE IN THE WHEELER EXPERIENCE WILL RECOGNIZE, CELEBRATE AND RESPECT THAT EACH MEMBER OF THE WHEELER COMMUNITY IS UNIQUE AS A LEARNER AND AS A PERSON,UNDERSTAND THAT THE HUMAN MIND IS CAPABLE OF THINKING AND CREATING IN MANY DIFFERENT WAYS, AND OUR MULTI-FACETED CURRICULUM ENCOURAGES EACH STUDENT TO EXPLORE HIS OR HER STRENGTHS AND WEAKNESSES IN THE CONTEXT OF A SUPPORTIVE ENVIRONMENT. OUR GOAL IS TO BUILD RELATIONSHIPS BASED ON APPRECIATION AND TRUST. 0 0 15719606 3441463 21807307 EDUCATIONAL SERVICES TO STUDENTS ATTENDING NURSERY THROUGH 12TH GRADE. THE WHEELER SCHOOL ENROLLED 794 STUDENTS FOR THE YEAR. 95 STUDENTS GRADUATED FROM THE CLASS OF 2011 AND 99% OF THOSE STUDENTS PURSUED A COLLEGE EDUCATION. STRIDES WERE MADE TO INSTITUTE NEW CURRICULUM IN ALL DIVISIONS OF THE SCHOOL, 15% OF EMPLOYEES PARTICIPATED IN SCHOOL SUPPORTED PROFESSIONAL DEVELOPMENT PROGRAMS, $1.1 MILLION OF CONSTRUCTION PROJECTS WERE COMPLETED WITH DONOR GIFTS, AND A STRONG VOLUNTEER GROUP OF OVER 100 HELPED THE SCHOOL ACHIEVE ITS ANNUAL GIVING GOALS. 355614 25801 453000 SUMMER CAMP - THE 2010 SUMMER CAMP ENROLLED AN AVERAGE OF 155 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 COVER THE COST OF THE PROGRAM EXPENSES. BOTH GOALS WERE MET. 65207 0 191457 DAYCARE - THE AFTER SCHOOL PROGRAM SERVICES WHEELER STUDENTS ONLY IN GRADES K THROUGH 4, EVERY SCHOOL DAY, FROM 3:00 PM TO 5:30 PM. ON AVERAGE 43 STUDENTS WERE ENROLLED PER DAY. AGE APPROPRIATE ACTIVITIES WERE OFFERED EVERY DAY AND A NEW PLAYGROUND STRUCTURE WAS PUT IN PLACE AT THE START OF THE SCHOOL YEAR FOR ALL PARTICIPANTS TO ENJOY. 16140427 1 1 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 0 0 1 0 0 0 0 0 0 0 0 0 1 31 0 532 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 MA X X GARY ESPOSITO BUSINESS MANAGER 4014218100 THE WHEELER SCHOOL 216 HOPE ST PROVIDENCE RI 029062246 ALAN LITWIN 5.00 X X 0 0 0 H BROCKENBROUGH MANVILLE 5.00 X X 0 0 0 GARY ESPOSITO 50.00 X X 170465 0 27704 KATHERINE PELSON 5.00 X X 0 0 0 LAURIE FLYNN 50.00 X X 74274 0 12080 DEBRAH ALLINSON 2.00 X 0 0 0 PRINCESS BOMBA 2.00 X 0 0 0 STEPHANIE CHAFEE 2.00 X 0 0 0 RENEE EVANGELISTA 2.00 X 0 0 0 MARY MAGUIRE NOEL 2.00 X 0 0 0 KENNETH MANCINI 2.00 X 0 0 0 DAN MILLER 50.00 X X 293559 0 112492 GEOFFREY O'HARA 2.00 X 0 0 0 LISA PRYOR 2.00 X 0 0 0 BARRY SLOANE 2.00 X 0 0 0 ANDREW HIRSCH 2.00 X 0 0 0 DOUGLAS MANCOSH 2.00 X 0 0 0 MERIDITH CURREN 5.00 X X 0 0 0 ABBOT B STANAHAN 2.00 X 0 0 0 KIMBERLY ZWETCHKENBAUM 2.00 X 0 0 0 JACKIE BESHAR 2.00 X 0 0 0 DENNIS COLEMAN 2.00 X 0 0 0 HELENA FOULKES 2.00 X 0 0 0 MARY GAGNON 2.00 X 0 0 0 RORY SMITH 2.00 X 0 0 0 CLIFF WHITE 2.00 X 0 0 0 JUDITH POIRIER 45.00 X 108106 0 15916 GEOFF LIGGETT 45.00 X 51988 0 19474 MARK HARRIS 45.00 X 95034 0 28578 YOUNG UN 45.00 X 96700 0 43025 DAN HAHN 45.00 X 96877 0 18615 NEELTJE HENNEMAN 45.00 X 107247 0 14455 753651 0 182647 4 0 1 0 SHAWMUT DESIGN AND CONSTRUCTION 560 HARRISON AVENUE BOSTON MA 02118 DESIGN AND CONSTRUCTION 1166347 SAGE DINING SERVICES INC 222 BOSLEY AVENUE STE B-7 TOWSON MD 21204 CAFETERIA SERVICES 530533 ED WOJCIK ARCHITECT LTD ONE RICHMOND SQUARE PROVIDENCE RI 02906 ARCHITECTURAL/DESIGN WORK 192410 GUY ABELSON 314 BENEFIT STREET PROVIDENCE RI 02903 CATERER 122059 4 255477 30530 6387970 411321 6673977 EDUCATION 611710 21713428 21713428 SUMMER CAMP 713990 453000 453000 DAYCARE 624410 191457 191457 FINANCE CHARGES 611710 74726 74726 MISCELLANEOUS 611710 19153 19153 22451764 348738 348738 16467 16467 19635 36011 -16376 -16376 -16376 501457 501457 77535 0 -77535 -77535 -77535 95534 255477 169876 -74342 -74342 97350 120832 -23482 -23482 29299211 22428373 0 196861 3467264 3467264 1226647 366574 646556 213517 10160678 7343130 2263846 553702 567659 429072 113412 25175 999062 756159 198778 44125 834399 603205 185760 45434 14389 14389 43254 43254 52419 52419 285216 31103 218399 35714 342583 8306 334277 669062 319575 236739 112748 34699 27826 6873 334123 241972 74041 18110 187483 159084 23743 4656 2739 2739 20164 17577 2587 390035 390035 1185373 858447 262679 64247 150780 107853 34855 8072 CAFETERIA OUTSIDE SERVI 513552 513552 MISCELLANEOUS 145142 33727 109185 2230 FIELD TRIPS 124843 124843 OUTSIDE REPAIRS, SERVIC 120717 93192 22116 5409 ACADEMICS 112766 112766 1017380 540038 395728 81614 23002428 16140427 5310384 1551617 5225 4351035 3227811 1339732 2275250 1032787 1149317 44806 26207 65803 71223 295392 370486 43050565 12600220 28688757 30450345 13959251 20714966 79851 93577 49862639 58379182 1509387 1219002 1631156 1921257 4620893 4099788 35484 41280 422610 434511 8219530 7715838 X 28030035 31325578 4147934 4721830 9465140 14615936 41643109 50663344 49862639 58379182 X 6296783 2723453 X X 0 1 1 X 0 X THE SCHOOL IS NOT REQUIRED TO FILE SCHEDULE A, HOWEVER, IT DOES MEET THE 33 1/3% SUPPORT TEST. AS A RESULT, SCHEDULE B ONLY INCLUDES DONORS WHO MADE CONTRIBUTIONS GREATER THAN 2% OF TOTAL CONTRIBUTIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 14380851 5216327 3055782 470180 52419 22130361 11630173 1369380 1424000 42702 14380851 13448470 258679 -2041596 35380 11630173 0.16710 0.66050 0.17240 0 0 758181 758181 37764792 10507526 27257266 1709046 1070275 638771 456089 2362457 1022419 1796127 30450345 ENROLLMENT DEPOSITS 369750 DEFERRED COMPENSATION 64761 434511 29299211 23002428 6296783 2723453 2723453 9020236 32347803 2723453 2723453 29624350 -325139 -325139 29299211 23327567 325139 325139 23002428 0 23002428 PART IV, LINE 2B: STUDENT RAISED FUNDS ARE HELD BY THE SCHOOL. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS INTENDED PURPOSES ARE: GENERAL OPERATIONS, LIBRARY, FACULTY SALARY, MISCELLANEOUS SUPPORT OF SCHOOL ACTIVITIES, PROFESSIONAL DEVELOPMENT, CAPITAL PROJECTS, SUMMERBRIDGE PROGRAM, AND FINANCIAL AID, MINORITY INTEREST AND SUMMER PROGRAM. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE SCHOOL'S MANAGEMENT TO INTERNALLY MONITOR POSITIONS TAKEN BY THE SCHOOL TO DETERMINE WHETHER ANY ARE UNCERTAIN. A TAX POSITION IS TAKEN IF IT IS DETERMINED THAT THE POSITION WILL "MORE-LIKELY-THAN-NOT" BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE SCHOOL'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL, AND HAS CONCLUDED THAT AS OF JUNE 30, 2011, THERE WERE NO UNCERTAIN POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS NOT CURRENTLY SUBJECT TO AUDITS FOR ANY TAX PERIODS. THE SCHOOL'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2006. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVENTORY COST OF GOODS SOLD -120,832. RENTAL EXPENSES -36,011. LOSS ON SALE OF FIXED ASSETS -77,535. FUNDRAISING EXPENSES -169,876. FMV OF DONATED AUCTION ITEMS - FUNDRAISING EVENT 79,115. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 169,876. INVENTORY COST OF GOODS SOLD 120,832. RENTAL EXPENSES 36,011. LOSS ON SALE OF FIXED ASSETS 77,535. COST OF DONATED AUCTION ITEMS SOLD - FUNDRAISING EVENT -79,115. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE WHEELER SCHOOL RECEIVES FINANCIAL AID FROM THE FOLLOWING FEDERAL SOURCES: TITLE II. TOTAL RECEIVED IN 2010/2011 WAS $30,530. BIG EVENT 351011 255477 95534 169876 351011 255477 95534 169876 169876 -74342 1 FINANCIAL AID 160 2268002 FINANCIAL AID ALLOWED TOWARD THE STUDENT'S TUITION FOR WHEELER SCHOOL TUITION REMISSION 48 1146025 TUITION REMISSION REDUCING AMOUNT OF THE STUDENT'S TUITION FOR WHEEL SCHOOL EDUCATIONAL FEES AND BOOKS 38 27436 EDUCATIONAL FEES AND BOOKS WAIVED AND SUPPLIED FOR THE STUDENT RECREATION 118 25801 CAMP FEES WAIVED FOR THE CAMPERS PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 WITH THE SCHOOL. X 1 0 X X X X X 0 1 0 0 0 0 0 0 0 GARY ESPOSITO 170465 0 0 0 0 0 12138 0 15566 0 198169 0 85500 0 DAN MILLER 269859 0 0 0 23700 0 16800 0 95692 0 406051 0 119100 0 PART I, LINE 1A HOUSING IS PROVIDED TO THE HEAD OF SCHOOL. PART I, LINE 4B DEFERRED COMPENSATION TO THE HEAD OF SCHOOL. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 050259101 2010-12-01 4245000 THE ORIGINAL BOND ISSUED WAS USED TO FINANCE THE EXPANSION OF THE ATHLETIC 0 0 0 84374 4160626 0 0 0 0 X 18 2920 APPRAISAL X 14 332207 AVG HIGH & LOW OF DAY X 5 4255 RETAIL VALUE X GIFT CARDS 8 1910 VALUE ON GIFT CARD X TICKETS 20 11447 RETAIL PRICE X FACILITY STAY 10 20275 RETAIL PRICE X PHOTOS 7 1880 RETAIL PRICE X MISC 12 4132 DONOR VALUE X LESSONS 6 3255 RETAIL VALUE X JEWELRY 6 1390 RETAIL VALUE X BASKETS 4 970 RETAIL VALUE X PARTY 2 10000 RETAIL VALUE X WINE 1 2700 RETAIL VALUE X SIGNED MEMORABELIA 3 930 RETAIL VALUE X TOURS 5 6500 RETAIL VALUE X GOLFS 4 1900 RETAIL VALUE X EVENTS 8 4650 DONOR ESTIMATE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS DISTRIBUTED AND REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WHO SUBSEQUENTLY COMMUNICATED 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 2009-2010 HEAD SALARY, INCLUDING DEFERRED COMPENSATION, FROM BENCHMARK SCHOOLS. THE DATA WAS REVIEWED AND THE COMMITTEE RECOMMENDED COMPENSATION LEVELS. THE COMMITTEE THEN APPROVED THE 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 BENCHMARK RESEARCH, A CONSULTING FIRM THAT FOR A FEE GATHERS BENCHMARK DATA ON SIMILARLY SIZED SCHOOLS. THERE WAS A 4% INCREASE TO THE SALARY POOL IN THE 2010/2011 FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, AND THE FINANCIAL STATEMENTS OF THE SCHOOL ARE MADE AVAILABLE TO THE PUBLIC ON GUIDESTAR.COM. THE CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,723,453. COMMITTEES OVERSIGHT OF AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.