2026-05-14T19:09:09-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2024-07-01 061229222 KING SCHOOL INC KING 2033223496 1450 NEWFIELD AVENUE STAMFORD CT 06905 STEPHEN SCHAFER CHIEF FIN. & OPERATIONS OFFICE 2033223496 2026-05-14 1 1 JOHN TOSCANO P00358542 8605614000 2026-05-13 2024 2025-03-06 01:10:19Z CAROL MAOZ 1450 NEWFIELD AVENUE STAMFORD CT 06905 70336249 0 X WWW.KINGSCHOOLCT.ORG X 1988 CT KING SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY SCHOOL SERVING THE STAMFORD, CT AREA. 25 25 405 97 9681 0 5929992 2683827 39368492 41972542 2169429 4691409 536397 343246 48004310 49691024 4926870 5431132 0 0 24508857 25931757 0 0 986444 14812698 15319205 44248425 46682094 3755885 3008930 124220823 129787002 41505434 41472673 82715389 88314329 X KING SCHOOL PREPARES STUDENTS TO THRIVE IN A RAPIDLY CHANGING WORLD. OUR STUDENTS ARE IMMERSED IN AN ENGAGING AND INNOVATIVE CURRICULUM ANCHORED IN AN INQUIRY-BASED APPROACH THAT FOSTERS CURIOSITY, INTELLECTUAL GROWTH, AND CHARACTER DEVELOPMENT. AT KING, INDIVIDUAL ACCOMPLISHMENT COMPLEMENTS A DEEP SENSE OF BELONGING. WE EMBRACE DIVERSITY IN ALL ITS FORMS, NURTURING EVERY STUDENT TO LEARN AND GROW IN A COLLABORATIVE AND SUPPORTIVE COMMUNITY. GUIDED BY DEDICATED EDUCATORS AND A COMMITMENT TO ACADEMIC EXCELLENCE, KING STUDENTS BECOME INVESTED IN THEIR JOURNEY, DEVELOP A LIFELONG LOVE OF LEARNING, AND ARE WELL-EQUIPPED TO SUCCEED IN COLLEGE AND BEYOND. THEY GRADUATE WITH A GLOBAL MINDSET, A STRONG SENSE OF SOCIAL RESPONSIBILITY, AND THE CONFIDENCE TO PURSUE LIVES OF PURPOSE. 0 0 34887702 5431132 42135876 KING SCHOOL IS A NONPROFIT, INDEPENDENT, COEDUCATIONAL DAY SCHOOL SERVING MORE THAN 700 STUDENTS IN GRADES PRE-K THROUGH 12. KING PREPARES STUDENTS FOR COLLEGE AND FUTURE LEADERSHIP ROLES IN AN EVOLVING GLOBAL SOCIETY WITH A RIGOROUS STUDENT-CENTERED EDUCATION THAT FOSTERS INTELLECTUAL CURIOSITY, CREATIVITY, AND PERSONAL GROWTH. THE SCHOOL AWARDED APPROXIMATELY $5.3 MILLION IN FINANCIAL AID TO ENSURE ACCESS TO A QUALITY EDUCATION FOR STUDENTS FROM A RANGE OF SOCIO-ECONOMIC BACKGROUNDS. THE SCHOOL OFFERS MORE THAN 50 STUDENT CLUBS AND ORGANIZATIONS, ENCOURAGING LEADERSHIP, CREATIVITY, AND COMMUNITY ENGAGEMENT. THE SCHOOL'S ARTS AND ATHLETICS PROGRAMS PROVIDE OPPORTUNITIES FOR CREATIVE EXPRESSION AND PHYSICAL DEVELOPMENT, WITH TEAMS COMPETING AT REGIONAL AND STATE LEVELS.KING SCHOOL STUDENTS CONTRIBUTED OVER 300 HOURS OF COMMUNITY SERVICE, SUPPORTING LOCAL, NATIONAL AND INTERNATIONAL NONPROFITS, ENVIRONMENTAL INITIATIVES, AND UNDERSERVED COMMUNITIES. 34887702 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 121 0 1 405 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X STEPHEN SCHAFER 2033223496 1450 NEWFIELD AVENUE STAMFORD CT 06905 MI-SUN FREEMAN BOARD CHAIR 25.00 X X 0 0 0 LINDSAY ZAKEN VICE CHAIR 5.00 X X 0 0 0 PETER RESNICK SECOND VICE CHAIR 5.00 X X 0 0 0 JESSICA DEMMO SECRETARY 5.00 X X 0 0 0 NANCY HEATON TREASURER 5.00 X X 0 0 0 THOMAS KING AT LARGE 2.00 X 0 0 0 DOUG PERLMAN SECOND AT LARGE 2.00 X 0 0 0 ERIC GERSTER THIRD AT LARGE 2.00 X 0 0 0 MATTHEW ALLARD TRUSTEE 2.00 X 0 0 0 LAUREN BELLMARE TRUSTEE 2.00 X 0 0 0 WENDY BEURKET TRUSTEE 2.00 X 0 0 0 SANDY BURGOYNE TRUSTEE 2.00 X 0 0 0 AYA DESIMONE TRUSTEE 2.00 X 0 0 0 AHMED FATTOUH TRUSTEE 2.00 X 0 0 0 KIRBY GRABOWSKI LIM TRUSTEE 2.00 X 0 0 0 ROBERT KAY TRUSTEE 2.00 X 0 0 0 DANIEL KNIJNIK TRUSTEE 2.00 X 0 0 0 ARA LOVITT TRUSTEE 2.00 X 0 0 0 TOD PERKINS TRUSTEE 2.00 X 0 0 0 GOD-IS RIVERA TRUSTEE 2.00 X 0 0 0 THOMAS RYAN TRUSTEE 2.00 X 0 0 0 DAVID SCHULTZ TRUSTEE 2.00 X 0 0 0 RACHELLE SPIELVOGEL TRUSTEE 2.00 X 0 0 0 MARTIN SULLIVAN TRUSTEE 2.00 X 0 0 0 DANIEL VILLALON TRUSTEE 2.00 X 0 0 0 CAROL MAOZ HEAD OF SCHOOL 40.00 X 597578 0 140919 STEPHEN SCHAFER CHIEF FIN. & OPERATING OFFICER 40.00 X 363525 0 58913 MARNIE SADLOWSKY ASSOC. HEAD/HEAD OF UPPER SCHOOL 40.00 X 235316 0 46853 SANDY LIZAIRE-DUFF HEAD OF LOWER SCHOOL 40.00 X 228084 0 61000 JANINE NEWMAN ASSOC. HEAD/DIR OF ADMISSION 40.00 X 216847 0 50510 JOSHUA DEITCH HEAD OF MIDDLE SCHOOL 40.00 X 202987 0 13737 CRAIG TUNKS DIR OF TECH INTEGRATION & INNOVATION 40.00 X 187185 0 34460 2031522 0 406392 56 0 1 0 TURNER CONSTRUCTION COMPANY 6 CORPORATE DRIVE SUITE 820 SHELTON CT 06484 CONSTRUCTION 3376172 ASD CONSTRUCTION LLC 470 NAUGATUCK AVENUE MILFORD CT 06460 CONSTRUCTION 1497596 COMPASS GROUP PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 1393466 IBS-BUILDING SERVICE CONTRACTOR INC 36-06 43RD AVE LONG ISLAND CITY NY 11101 CLEANING SERVICES 551448 PETER GISOLFI ASSOCIATES LLP 566 WARBURTON AVE HASTINGS ON HUDSON NY 10706 ARCHITECT SERVICES 427946 15 2683827 320973 2683827 TUITION & PROGRAM FEES 611600 38886109 38886109 OTHER STUDENT FEES 611600 1634061 1634061 FOOD SERVICE INCOME 611600 999200 999200 SUMMER INSTITUTE FEES 611600 271129 271129 PARENT ASSOCIATION INCOME 611600 182043 182043 41972542 1822608 9681 1812927 23400 0 23400 23400 23400 23369131 22750 20520069 3011 2849062 19739 2868801 2868801 149796 122145 27651 27651 OTHER INCOME 611600 292195 135683 156512 292195 49691024 42135876 9681 4861640 13544 13544 5417588 5417588 1108241 1108241 18242775 13920155 3847158 475462 1089223 795653 263716 29854 4134001 3300964 756151 76886 1357517 982228 341741 33548 109333 109333 124971 124971 226027 226027 350101 71417 249209 29475 555353 26677 491392 37284 821699 216431 604598 670 3117397 1641138 1451387 24872 217518 217518 2848522 2473074 375448 421032 280255 136194 4583 STUDENT ACTIVITIES AND 3610043 3610043 DINING COSTS 1156474 1156474 PARENT ASSOCIATION EXPE 192733 192733 1568002 571810 722382 273810 46682094 34887702 10807948 986444 282597 42970 7701590 6100595 1116963 751495 26727525 26306838 561316 578381 82412557 43449305 34188287 38963252 36208989 29313117 16160805 26323741 1272751 1406613 124220823 129787002 4228042 3747187 32110184 32861064 5167208 4864422 41505434 41472673 X 72853116 79305713 9862273 9008616 82715389 88314329 124220823 129787002 3008930 2590010 0 X X 0 1 X 1 0 X 4229021 2740811 3273121 5929992 2683827 18856772 4229021 2740811 3273121 5929992 2683827 18856772 18856772 394198 944078 1353933 1525537 1836327 6054073 10210 14214 9681 34105 244932 240360 234244 542365 156512 1418413 26363363 183744561 0.71530 0.72350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING EVENTS - 2022 AMOUNT: $ 32,525. 2023 AMOUNT: $ 259,130. PARENT ASSOCIATION DUES AND OTHER INCOME - 2020 AMOUNT: $ 244,932. 2021 AMOUNT: $ 240,360. OTHER INCOME - 2022 AMOUNT: $ 201,719. 2023 AMOUNT: $ 283,235. 2024 AMOUNT: $ 156,512. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 47564090 89725 5971970 159166 862722 52603897 42419210 605597 5503448 142791 821374 47564090 38722649 463808 4083729 132488 718488 42419210 42162093 1160540 -3762406 112344 725234 38722649 30308340 4968779 7249529 103392 261086 77 42162093 0.84570 0.15430 0.00000 0 0 220000 220000 71563284 36208586 35354698 8915272 7240719 1674553 1714001 1714001 38963252 ALTERNATIVE INVESTMENTS 26323741 F 26323741 X 46699810 2590010 -5477342 -2887332 49587142 226027 -122145 103882 49691024 41100870 122145 122145 40978725 226027 5477342 5703369 46682094 PART V, LINE 4: THE PRIMARY USE OF THE ENDOWMENT IS TO PROVIDE SCHOLARSHIPS TO ELIGIBLE STUDENTS AND SUPPORT SCHOOL OPERATIONS. PART X, LINE 2: THE SCHOOL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. TO THE BEST OF OUR KNOWLEDGE, THE SCHOOL DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS, GRANTS, AND TUITION REMISSION -5,477,342. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOOD SOLD -122,145. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD 122,145. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS, GRANTS, AND TUITION REMISSION 5,477,342. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS STATED ON EVERY PAGE ON OUR WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 9866000 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 1121000 EUROPE 0 0 INVESTMENTS 8287000 0 0 0 0 0 0 19274000 0 19274000 1 0 1 0 1 0 FORM 990, SCHEDULE F, PART I THE INVESTMENTS LISTED IN PART I ARE PART OF THE SCHOOL'S ENDOWMENT PORTFOLIO. 1 ORPHANED STARFISH FOUNDATION INC 55 EXCHANGE PLACE 402 NEW YORK NY 10005 311782130 501(C)(3) 6772 0 N/A N/A KING CARES 5K DONATION BOYS & GIRLS CLUB OF STAMFORD INC 347 STILLWATER AVENUE STAMFORD CT 06902 060646911 501(C)(3) 6772 0 N/A N/A KING CARES 5K DONATION 2 0 FINANCIAL ACCESS AND SCHOLARSHIPS 177 5417588 FMV REDUCTION IN TUITION AND SUMMER INSTITUTE FEES PART I, LINE 2: FINANCIAL ACCESS APPLICATIONS MUST BE SUBMITTED THROUGH OUR PARTNER CLARITY. BASED ON THE FINANCIAL INFORMATION PROVIDED IN THE CLARITY APPLICATION, CLARITY WILL RECOMMEND WHAT A FAMILY CAN CONTRIBUTE TOWARDS THEIR EDUCATIONAL EXPENSES. THE FINANCIAL ACCESS COMMITTEE USES THE RECOMMENDATIONS MADE BY CLARITY TO INFORM AN EQUITABLE FINANCIAL ACCESS DECISION-MAKING PROCESS. IN ADDITION TO PARTNERING WITH CLARITY, KING SCHOOL CONSULTS WITH MISSION ENROLLMENT, A CONFIDENTIAL THIRD-PARTY COMPANY THAT SUPPORTS OUR FINANCIAL ACCESS REVIEW COMMITTEE AND HELPS OPTIMIZE THE FAIR AND EQUITABLE DISTRIBUTION OF FINANCIAL AID. X 1 1 X X X 0 0 0 0 0 0 0 1 0 CAROL MAOZ HEAD OF SCHOOL 550078 0 47500 0 0 0 40550 0 100369 0 738497 0 0 0 STEPHEN SCHAFER CHIEF FIN. & OPERATING OFFICER 360251 0 2500 0 774 0 35769 0 23144 0 422438 0 0 0 SANDY LIZAIRE-DUFF HEAD OF LOWER SCHOOL 204274 0 0 0 23810 0 10773 0 50227 0 289084 0 0 0 MARNIE SADLOWSKY ASSOC. HEAD/HEAD OF UPPER SCHOOL 232431 0 2000 0 885 0 22738 0 24115 0 282169 0 0 0 JANINE NEWMAN ASSOC. HEAD/DIR OF ADMISSION 214562 0 2000 0 285 0 18814 0 31696 0 267357 0 0 0 CRAIG TUNKS DIR OF TECH INTEGRATION & INNOVATION 186806 0 0 0 379 0 10281 0 24179 0 221645 0 0 0 JOSHUA DEITCH HEAD OF MIDDLE SCHOOL 195832 0 7000 0 155 0 10371 0 3366 0 216724 0 0 0 PART I, LINE 1A AS HEAD OF SCHOOL, CAROL MAOZ WAS PROVIDED WITH ON-CAMPUS HOUSING. THIS HOUSING IS REQUIRED BY THE NATURE OF THE POSITION AND AS A CONDITION OF EMPLOYMENT AND IS TREATED AS A NON-TAXABLE BENEFIT. PART I, LINE 7 BONUSES ARE PAID ON EITHER A CONTRACTUAL ARRANGEMENT OR A DISCRETIONARY BASIS. DISCRETIONARY BONUSES ARE BASED ON INDIVIDUAL PERFORMANCE, STRATEGIC CONTRIBUTIONS, AND OTHER QUALITATIVE FACTORS. ALL DISCRETIONARY BONUSES ARE APPROVED BY THE HEAD OF SCHOOL AND REVIEWED BY THE CHIEF FINANCIAL AND OPERATING OFFICER TO ENSURE REASONABLENESS AND COMPLIANCE WITH APPLICABLE REGULATIONS. THE HEAD OF SCHOOL'S BONUS IS PAID IN ACCORDANCE WITH HER EMPLOYMENT CONTRACT, WHICH IS APPROVED BY THE BOARD. A CHEFA 2023 SERIES C 060806186 2023-04-27 5612000 REFINANCING SERIES C 2023 BOND ISSUANCE 0 0 0 A 615000 5612000 111500 5500500 2003 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 PART II, LINE 11 OTHER SPENT PROCEEDS RELATES TO REFINANCING OF PRIOR BOND X 8 174908 FAIR MARKET VALUE X PLAYGROUND EQUIP. 1 146065 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN PART I COLUMN (B) REPRESENTS THE NUMBER OF GIFTS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1A SUBJECT TO ANY PRIOR LIMITATIONS IMPOSED BY THE BOARD AND THOSE CONTAINED IN THE BY-LAWS, THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER TO TRANSACT ALL REGULAR BUSINESS OF KING DURING THE INTERIM BETWEEN THE MEETINGS OF THE BOARD, AND ITS ACTIONS SHALL HAVE THE SAME FORCE AND EFFECT AS ACTION OF THE BOARD, PROVIDED, HOWEVER, THE EXECUTIVE COMMITTEE MAY NOT: (1) FILL VACANCIES ON THE BOARD; (2) ADOPT, AMEND OR REPEAL THE BY-LAWS; (3) APPROVE A PLAN OF MERGER; (4) APPROVE A SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL, OF THE PROPERTY OF KING EXCEPT AS PROVIDED IN SECTION 33- 1101(E)(5) OF THE ACT; OR (5) APPROVE A PROPOSAL TO DISSOLVE. IT IS THE EXPECTATION OF THE BOARD THAT, EXCEPT AS PROVIDED IN THE BY-LAWS, THE EXECUTIVE COMMITTEE SHALL ACT ON BEHALF OF THE BOARD ONLY IN UNUSUAL AND PRESSING CIRCUMSTANCES, AS DETERMINED AT THE DISCRETION OF THE CHAIRPERSON. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE AND EXECUTIVE COMMITTEE REVIEW THE ENTIRE 990. FOLLOWING THEIR REVIEW AND APPROVAL, THE BOARD IS PROVIDED WITH THE PUBLIC INSPECTION COPY OF THE RETURN PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND OFFICERS ARE OBLIGATED TO SIGN A CONFLICT OF INTEREST STATEMENT. POTENTIAL CONFLICTS MUST BE REPORTED TO THE CHAIR OF THE TRUSTEESHIP COMMITTEE OF THE BOARD OF TRUSTEES. MEMBERS OF THE TRUSTEESHIP COMMITTEE WILL BE DESIGNATED BY THE CHAIR OF THE TRUSTEESHIP COMMITTEE TO INVESTIGATE POTENTIAL CONFLICT SITUATIONS OF BOTH INTEREST AND COMMITMENT AND, IF APPROPRIATE, PROVIDE RECOMMENDATIONS FOR CORRECTIVE ACTION. RECOMMENDATIONS ARE TO BE BROUGHT FORWARD BY THE CHAIR OF THE TRUSTEESHIP COMMITTEE TO THE CHAIR OF THE BOARD OF TRUSTEES AND HEAD OF SCHOOL AS HE OR SHE DEEMS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND IS BASED ON COMPETITIVE COMPENSATION DATA FROM SEVERAL SOURCES, EXPERIENCE, A PERFORMANCE APPRAISAL, AND OTHER DOCUMENTATION. THIS PROCESS WAS LAST COMPLETED IN 2024. ON AN ANNUAL BASIS, THE HEAD OF SCHOOL DETERMINES THE COMPENSATION FOR MANAGEMENT OFFICIALS UTILIZING THE OVERALL SALARY INCREASE POOL APPROVED BY THE BOARD OF TRUSTEES, COMPARABLE SALARY DATA, EXPERIENCE, A PERFORMANCE APPRAISAL, AND OTHER DOCUMENTATION. IN ADDITION, THE CHIEF FINANCIAL AND OPERATING OFFICER AND THE HEAD OF SCHOOL REVIEW COMPARABLE DATA OF OTHER MANAGEMENT OFFICIALS. TAKING THIS DATA INTO CONSIDERATION, THE HEAD OF SCHOOL WILL THEN DETERMINE THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS ARE MADE AVAILABLE BY REQUEST AT MANAGEMENT'S DISCRETION. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.