2011-02-10T11:09:10-06:00 2010-06-30 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2009-07-01 060646786 MISS PORTER'S SCHOOL MISS 8604093500 60 MAIN STREET FARMINGTON CT 060322232 MICHAEL J BERGIN 8604093500 2011-02-08 1 8605614000 2009 2016-02-24 21:20:13Z MICHAEL J BERGIN 60 MAIN STREET FARMINGTON CT 06032 47262044 0 X WWW.PORTERS.ORG X 1943 CT MISS PORTER'S SCHOOL EXCELS AT PREPARING YOUNG WOMEN FOR COLLEGE, FOR LEADERSHIP, AND FOR LIFE. OUR ATTENTIVE, DIVERSE BOARDING AND DAY COMMUNITY PROVIDES A DEMANDING CURRICULUM - ACADEMIC, ARTISTIC, ATHLETIC AND RESIDENTIAL. WE CHALLENGE OUR STUDENTS TO BECOME INFORMED, BOLD, RESOURCEFUL, AND ETHICAL GLOBAL CITIZENS. WE EXPECT OUR GRADUATES TO SHAPE A CHANGING WORLD. 32 31 273 345 -19017 0 3238727 4478784 13069666 13205077 2077035 5459519 267746 237860 18653174 23381240 3828804 3870793 0 10360600 10072622 0 1441144 8492334 8283921 22681738 22227336 -4028564 1153904 122536236 126860511 22608970 22495153 99927266 104365358 MISS PORTER'S SCHOOL EXCELS AT PREPARING YOUNG WOMEN FOR COLLEGE, FOR LEADERSHIP, AND FOR LIFE. OUR ATTENTIVE, DIVERSE BOARDING AND DAY COMMUNITY PROVIDES A DEMANDING CURRICULUM - ACADEMIC, ARTISTIC, ATHLETIC AND RESIDENTIAL. WE CHALLENGE OUR STUDENTS TO BECOME INFORMED, BOLD, RESOURCEFUL, AND ETHICAL GLOBAL CITIZENS. WE EXPECT OUR GRADUATES TO SHAPE A CHANGING WORLD. 0 0 16176751 3870793 13205077 INDEPENDENT SECONDARY SCHOOL WITH 205 BOARDING STUDENTS AND 117 DAY STUDENTS. 16176751 1 1 0 0 0 0 0 1 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 1 97 0 1 273 1 1 1 1 NT 0 0 0 1 1 0 0 0 32 31 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MICHAEL BERGIN 8604093500 60 MAIN STREET FARMINGTON CT 06032 BRUCE B BATES 5.00 X 0 0 0 ELIZABETH K BLAKE 3.00 X 0 0 0 FRASER B BEEDE 1.00 X 0 0 0 JEAN M CHAPIN 1.00 X 0 0 0 MICHAEL J CHESHIRE 4.00 X 0 0 0 ELISABETH C CARPENTIERI 1.00 X 0 0 0 LUCY PULLING CUTTING 1.00 X 0 0 0 ANNE MELISSA DOWLING 3.00 X 0 0 0 CLOVER M DRINKWATER 1.00 X 0 0 0 HARRY T DANIELS 1.00 X 0 0 0 THOMAS DUDECK 1.00 X 0 0 0 J MICHAEL MCQUADE 1.00 X 0 0 0 JANET ISHAM FIELD 3.00 X 0 0 0 ELIZABETH A GODDARD 1.00 X 0 0 0 ALEXANDRA E GOLINKIN 1.00 X 0 0 0 JUDY MILLIKEN HOLDEN 5.00 X 0 0 0 NANCY M HUGHES 5.00 X 0 0 0 GIRISH JHUNJHNUWALA 1.00 X 0 0 0 MIMI COLGATE KIRK 4.00 X 0 0 0 SHARON MCQUADE 1.00 X 0 0 0 ELIZABETH M MCLANAHAN 1.00 X 0 0 0 ANNE STILLMAN NORDEMAN 3.00 X 0 0 0 ANNE OBERRENDER NOYES 4.00 X 0 0 0 GAIER NOTMAN PALMISANO 3.00 X 0 0 0 CYNTHIA B QUEALY 1.00 X 0 0 0 S GREGG RENFREW 1.00 X 0 0 0 CYNTHIA MILLIKEN TAYLOR 3.00 X 0 0 0 ANITA BARKER WEEKS 5.00 X 0 0 0 CATHERINE WHITNEY WELLES 1.00 X 0 0 0 NANCY WHITE WHEELER 3.00 X 0 0 0 ARIEL M ZWANG 1.00 X 0 0 0 KATHERINE G WINDSOR 40.00 X 271033 0 111908 MICHAEL BERGIN 40.00 X 163310 0 60393 JULIA MCCORMACK 40.00 X 183769 0 41857 LAURA DANFORTH 40.00 X 166719 0 27770 784831 0 241928 4 0 1 0 CAMBRIDGE ASSOCIATES LLC PO BOX 10317 UNIONDALE NY 115550317 FINANCIAL CONSULTANTS 200000 CONTEMPO RESTORATION LLC 163 LARKSPUR LANE BRISTOL CT 06010 CONSTRUCTION 177698 2 19980 4458804 1238105 4478784 TUITION/BOARD 900099 13132822 13132822 STUDENT SERVICES INCOM 900099 67375 67375 LIFEGUARD CLASS 900099 4880 4880 13205077 1359426 1359426 27884857 23784764 4100093 4100093 4100093 0 19980 0 84583 96040 -11457 -11457 DAYCARE CENTER 624410 166275 166275 FACILITIES RENTAL 531120 113476 11417 102059 OTHER INVESTMENT INCOM 523000 -30434 -30434 249317 23381240 13205077 -19017 5716396 3870793 3870793 980530 448939 317137 214454 6766034 4911832 1229865 624337 607534 446869 107645 53020 1184541 702115 382410 100016 533983 371385 104488 58110 505889 505889 299053 299053 53292 53292 354109 354109 278070 3964 110197 163909 901015 680092 115694 105229 145874 86802 59009 63 1391952 1238837 153115 149652 68128 62144 19380 59058 43374 15464 220 834694 834694 1777571 1582038 195533 SPECIAL EVENTS 708513 605656 53163 49694 CONTRACT SERVICES 707401 523656 132458 51287 ROF EXPENSES 53128 52103 1025 MEMBERSHIP DUES 50646 34687 14534 1425 COST OF ISSUANCE 8281 8281 5723 -408 6131 22227336 16176751 4609441 1441144 3923578 6611992 1318696 1654062 7995962 6677763 113824 141372 19335 142980 65658 66183 807712 770833 53370947 22411539 31952234 30959408 48629713 58306465 27284767 21104723 424757 424730 122536236 126860511 993318 1005623 2872468 2739330 18571697 18555338 67349 75466 104138 119396 22608970 22495153 X 22228726 23533179 21203034 22587275 56495506 58244904 99927266 104365358 122536236 126860511 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 78075823 3819530 8711623 1286220 3927968 354109 85038679 104383947 3599381 -24283361 174247 5005493 444404 78075823 0.13000 0.65000 0.22000 0 0 916605 916605 46034337 17560592 28473745 0 6284471 4850947 1433524 135534 135534 30959408 ALTERNATIVE INVESTMENTS 21104723 F 21104723 POOLED INCOME/STUDENT ACTIVITY FUND 119396 119396 23381240 22227336 1153904 3282231 1957 3284188 4438092 22536566 3282231 -3870793 -588562 23125128 354109 -97997 256112 23381240 18098474 96040 96040 18002434 354109 3870793 4224902 22227336 Part IV, Line 2b: SECURITY DEPOSITS FOR HOUSING AND DORMS HELD IN ESCROW ACCOUNT Part V, Line 4: Description of Intended Use of Endowment Funds: TO SUPPORT THE MISSION OF THE SCHOOL. Part XI, Line 8 - Other Adjustments: STOCK VALUE DIFFERENCE BETWEEN SOLD AND GIFT VALUE: 1957. Part XII, Line 2d - Other Adjustments: FINANCIAL AID: -3870793. Part XII, Line 4b - Other Adjustments: BOOKSTORE COST OF GOODS SOLD: -96040. STOCK VALUE DIFFERENCE BETWEEN SOLD AND GIFT VALUE: -1957. Part XIII, Line 2d - Other Adjustments: BOOKSTORE COST OF GOODS SOLD: 96040. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID: 3870793. 1 1 1 MISS PORTER'S SCHOOL IS COMMITTED TO DIVERSITY IN ITS STUDENT BODY AND ADMITS QUALIFIED STUDENTS WITHOUT REGARD TO RACE, COLOR, NATIONAL ORIGIN, ANCESTRY, DISABILITY, SEXUAL ORIENTATION, OR ANY OTHER CLASS PROTECTED BY RELEVANT LAW. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SR. AUCTION 19980 19980 19980 19980 1 SCHOLARSHIPS FOR STUDENTS ATTENDING MISS PORTER'S 125 0 3803714 FMV REDUCTION IN TUITION TEXTBOOKS 13 6916 FMV MEDICAL INSURANCE PREMIUMS AND MEDICAL EXPENSES 4 4250 FMV TRAVEL AND REQUIRED TRIPS 39 17422 FMV CASH ASSISTANCE AND SCHOOL EXPENSES 40 38491 FMV Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: SCHOLARSHIPS ARE POSTED TO STUDENTS ACCOUNTS WHICH ARE REFLECTED IN THE GENERAL LEDGER. X X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 1 1 KATHERINE G WINDSOR 220000 0 0 0 51033 0 65355 0 46553 0 382941 0 0 0 MICHAEL BERGIN 176575 0 0 0 -13265 0 20910 0 39483 0 223703 0 0 0 JULIA MCCORMACK 186996 0 0 0 -3227 0 22710 0 19147 0 225626 0 0 0 LAURA DANFORTH 166374 0 0 0 345 0 19380 0 8390 0 194489 0 0 0 Part I, Line 1a TRAVEL FOR RELATIVE WHILE ATTENDING CONFERENCE. GROSS-UP IS PROVIDED FOR EDUCATION BENEFITS. CERTAIN EMPLOYEES ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. PART OF EMPLOYMENT CONTRACT INCLUDES MEMBERSHIP TO A COUNTRY CLUB AND HOUSECLEANING SERVICES. Part I, Line 4a THE HEAD OF SCHOOL PARTICIPATES IN A 457(F) PLAN. Part I, Line 8 THE CURRENT HEAD OF SCHOOL ENTERED INTO AN INITIAL 5-YEAR CONTRACT WITH MISS PORTER'S SCHOOL DURING THE 2008-2009 YEAR. STATE OF CT HEALTH & EDUCATIONAL FACILITIES AUTH 060806186 20774UDL6 2006-06-12 18620775 REFUND 8/15/99 BOND ISSUE AND CONSTRUCTION OF ATHLETIC FACILITY 0 0 18620775 8751011 622891 9246874 9246874 2008 0 1 1 1 0 0 0 0 1 0.03800 0.03800 1 0 0 0 0 0 0 X 16 0 X 0 X 0 X 62 1213102 FMV AT TIME OF TRANSFER X 13 0 X IBM COMPUTERS 1 25003 FMV X VARIOUS AUCTION ITEMS 24 0 0 1 1 Non Reporting of Revenue: Part I, Line 33: PART I LINE 1 - VARIOUS ART DONATIONS FOR AUCTION, PAINTING, STAINED GLASS, ETC. PART I LINE 4 - DONATED BOOKS VALUED UNDER $5,000 NOT RECORDED ON BOOKS PART 1 LINE 5 - HAND-KNIT SWEATER, LAMP, AFGHAN, TABLEWARE, POTTERY PART I LINE 9 - MERRILL LYNCH IS USED AS A BROKER TO SETTLE ALL STOCK CONTRIBUTIONS. PART I LINE 18 - MISS PORTER'S SCHOOL RINGS PART I LINE 26 - VARIOUS AUCTION ITEMS Form 990, Part VI, Section A, line 2 J. MICHAEL MCQUADE AND SHARON MCQUADE ARE TRUSTEES RELATED BY MARRIAGE. Form 990, Part VI, Section B, line 11 THE 990 IS PREPARED WITH EXTENSIVE REVIEW FROM INTERNAL MANAGEMENT. THE FORM 990 IS PROVIDED TO OUR AUDITOR FOR REVIEW, EDITS ARE MADE, AND IT IS THEN REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD, PER THE AUDIT COMMITTEE'S CHARTER. ALL TRUSTEES ARE PROVIDED COPIES (EXCLUDING SCHEDULE B) FOR FINAL REVIEW PRIOR TO FILING. Form 990, Part VI, Section B, line 12c EACH YEAR THE ASSISTANT TO THE HEAD OF SCHOOL DISTRIBUTES THE CONFLICT OF INTEREST POLICY TO EACH TRUSTEE AND KEY EMPLOYEE DURING THE OCTOBER TRUSTEE MEETING. PRIOR TO THE END OF THE MEETING, THE SIGNED POLICIES ARE COLLECTED BY THE ASSISTANT TO THE HEAD, AND SHE FOLLOWS UP DIRECTLY WITH ANY TRUSTEES OR KEY EMPLOYEES WHO WERE NOT IN ATTENDANCE TO ENSURE A SIGNED POLICY IS RECEIVED. ONCE ALL HAVE BEEN RECEIVED THEY ARE REVIEWED BY THE ASSOCIATE BUSINESS MANAGER AND ANY CONFLICTS ARE PRESENTED TO THE AUDIT COMMITTEE CHAIR FOR FOLLOW UP. ONCE THE REVIEW IS COMPLETE, THE FORMS ARE FILED IN THE BUSINESS OFFICE. DURING COMMITTEE MEETINGS TRUSTEES MUST ANNOUNCE IF A CONFLICT ARISES REGARDING THE SUBJECT BEING DISCUSSED. THEY CAN STATE THE CONFLICT AND CHOOSE TO RECUSE THEMSELVES FROM FURTHER CONVERSATION AND VOTING ON THE SUBJECT MATTER. Form 990, Part VI, Section B, line 15 A THREE PERSON SUBCOMMITTEE OF THE BOARD HAS BEEN FORMED TO PROVIDE OVERSIGHT AROUND THE HEAD OF SCHOOL'S COMPENSATION AND BENEFITS. THIS SUBCOMMITTEE INCLUDES THE PRESIDENT OF THE BOARD, VICE PRESIDENT, AND CHAIR OF THE AUDIT COMMITTEE. THE SUBCOMMITTEE UTILIZES COMPARATIVE COMPENSATION DATA FROM THE FORTY MEMBERS OF THE ABOPS, WITH A PARTICULAR EMPHASIS ON A SUBSET OF PEER SCHOOLS. THE PEER SCHOOL GROUP REFLECTS BOTH GEOGRAPHIC PEERS AS WELL AS SIMLARLY SIZED AND ENDOWED SCHOOLS. THE SUBCOMMITTEE CONDUCTS A THOROUGH PERFORMANCE REVIEW ON AN ANNUAL BASIS WITH AN EMPHASIS ON THE ATTAINMENT OF PERFORMANCE GOALS AND OBJECTIVES ESTABLISHED BY THE BOARD. THE HEAD OF SCHOOL APPROVES ALL SALARY INCREASES FOR HER SENIOR STAFF. THESE INCREASES ARE ALSO BASED UPON REVIEW OF POSITION DATA FROM ABOPS AS DESCRIBED ABOVE. ONCE DETERMINED, A ONE OVER ONE REVIEW BY A MEMBER OF THE COMPENSATION SUBCOMMITTEE TAKES PLACE FOR FINAL APPROVAL. Form 990, Part VI, Section C, line 19 ALL OF THE SCHOOL'S GOVERNING DOCUMENTS, THEIR CONFLICT OF INTEREST POLICY AND THE SCHOOL'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE BUSINESS OFFICE OVERSEES THE DISTRIBUTION OF REQUESTED DOCUMENTS. FORM 990, PART VI, LINE 1B, NUMBER OF VOTING MEMBERS THAT ARE INDEPENDENT: HEAD OF SCHOOL, KATE WINDSOR, PER BYLAWS IS A VOTING MEMBER OF THE BOARD OF TRUSTEES AND IS NOT CONSIDERED INDEPENDENT.