2026-05-13T08:34:26-05:00 2025-06-30 991445194 TSS ADVISORS LLC 19 MORGAN DRIVE LEBANON NH 03766 990 2024-07-01 020222147 KIMBALL UNION ACADEMY KIMB 6034692160 PO BOX 188 MERIDEN NH 037700188 GERARD MURPHY CFO 6034692160 2026-05-05 1 0 MITCHELL R STAGNONE CPA P02371855 6036530044 2026-05-04 2024 2025-03-06 01:10:19Z GERARD MURPHY MAIN STREET MERIDEN NH 03770 43033789 0 X WWW.KUA.ORG X 1813 NH SECONDARY EDUCATION 21 19 197 41 147717 0 4691455 6031561 24561438 26689710 2097289 2492552 252126 240698 31602308 35454521 6771551 7265984 0 0 12137051 12478611 0 0 1747781 11253804 12158683 30162406 31903278 1439902 3551243 146211530 146435229 40782586 31057034 105428944 115378195 OUR MISSION IS TO CREATE A DEEP SENSE OF BELONGING FOR EVERY MEMBER OF OUR COMMUNITY. THROUGH INTENTIONALLY DESIGNED EXPERIENCES AND CHALLENGES, OUR STUDENTS DEVELOP THE KNOWLEDGE, VOICE, AND CHARACTER TO LIVE WITH PURPOSE AND INTEGRITY. 0 0 26735094 7265984 26689710 PRIVATE HIGH SCHOOL THAT SERVES 276 BOARDING STUDENTS AND 81 DAY STUDENTS. 26735094 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 149 0 1 197 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 19 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NH X X GERARD MURPHY 6034692000 KIMBALL UNION ACADEMY MERIDEN NH 037700188 DAVID ALLYN TRUSTEE 1.00 X 0 0 0 EDWARD HILD VICE CHAIR 1.00 X X 0 0 0 GLENN POGUST SECRETARY 1.00 X X 0 0 0 JADIHEL TAVERAS TRUSTEE THROUGH APRIL 2025 1.00 X 0 0 0 JENNIFER BORISLOW TRUSTEE 1.00 X 0 0 0 KARLA RADKE TRUSTEE 1.00 X 0 0 0 MOLLY STEFFEY CHAIR OF THE BOARD 1.00 X X 0 0 0 ROBIN GRONLUND TRUSTEE 1.00 X 0 0 0 STEPHEN TAYLOR TRUSTEE THROUGH APRIL 2025 1.00 X 0 0 0 VIVA HARDIGG TRUSTEE 1.00 X 0 0 0 DAVID BARRETTE TRUSTEE 1.00 X 0 0 0 SCOTT HAMNER TRUSTEE 1.00 X 0 0 0 NEERAJ GARG TRUSTEE 1.00 X 0 0 0 KEITH MILNE TREASUER 1.00 X X 0 0 0 SHELDON STANSFIELD TRUSTEE 1.00 X 0 0 0 BRIAN BODELL TRUSTEE 1.00 X 0 0 0 JOSHUA MANDEL TRUSTEE 1.00 X 0 0 0 RYAN MCPADDEN TRUSTEE 1.00 X 0 0 0 SARAH GILES TRUSTEE 1.00 X 0 0 0 DAVID POND TRUSTEE 1.00 X 0 0 0 WIL BARKER TRUSTEE AS OF APRIL 2025 1.00 X 0 0 0 JUSTINE FAHEY TRUSTEE AS OF APRIL 2025 1.00 X 0 0 0 NELS OJARD TRUSTEE AS OF APRIL 2025 1.00 X 0 0 0 CHANDLER SONG TRUSTEE AS OF APRIL 2025 1.00 X 0 0 0 STEVE SURGENOR TRUSTEE AS OF APRIL 2025 1.00 X 0 0 0 TYLER LEWIS HEAD OF SCHOOL 40.00 X 448277 0 194569 GERARD MURPHY CFO 40.00 X 178788 0 60632 STACEY SUMMERFIELD DIRECTOR OF INSTITUTIONAL 40.00 X 200796 0 62833 LARRY OSMER DIRECTOR OF CAPITAL PROJEC 40.00 X 115428 0 41914 ADAM STEINBERG DEPUTY DIRECTOR OF DEVELOPMENT 40.00 X 120124 0 51412 JOSHUA LABOVE DIRECTOR OF ENROLLMENT MANAGEMENT 40.00 X 109738 0 71926 TRICIA MCKEON DIRECTOR OF MARKETING AND COMM. 40.00 X 101975 0 89674 1275126 0 572960 7 0 1 0 REARCH COMPANY INC 88 TECHNOLOGY PARK WAY SOUTH BURLINGTON VT 05403 CONSTRUCTION 8592060 SAGE DINING SERVICES 1402 YORK RD LUTHERVILLE MD 21093 DINING SERVICES 1791449 ALPINE ENVIRONMENTAL INC 275 BILLERICA RS STE 2B CHELMSFORD MA 01824 LEAD ABATEMENT 751587 EXPRESS CLEANING LLC 216 BUTTERNUT ROAD WHITE RIVER JCT VT 05001 CLEANING 389732 VERMONT INTEGRATED ARCHITECTURE PC PO BOX 862 MIDDLEBURY VT 05753 ARCHITECTURAL, ENGINEERING, DESIGN 208178 5 80267 913332 5037962 239856 6031561 TUITION 611710 25153700 25153700 PROGRAM SUPPORT 611710 1360656 1360656 SUMMER PROGRAMS 611710 175354 175354 26689710 1931892 1931892 36087 0 36087 36087 36087 7727736 61605 7220410 8271 507326 53334 560660 560660 10020 80267 12248 -2228 -2228 314394 338339 -23945 -23945 CHILD CARE FEES - NON- 624410 124600 124600 CHILD CARE FEES - KUA 624410 83067 83067 ATHLETIC FACILITY RENT 713940 23117 23117 230784 35454521 26689710 147717 2585533 7265984 7265984 766898 383449 383449 8766895 6711521 1159944 895430 797407 599452 119906 78049 1491872 1112019 237523 142330 655539 482417 112997 60125 27495 27495 90181 90181 79615 79615 1964611 1442912 321890 199809 112035 86386 25649 1557972 1151061 274407 132504 310863 275408 6325 29130 1523734 1432245 72016 19473 233814 190142 15436 28236 695764 652522 34038 9204 2948289 2765051 144236 39002 167505 1854 165651 FOOD AND DINING 2126174 1948010 68574 109590 ATHLETIC EXPENSES 221314 221314 MEMBERSHIP DUES 61643 13347 43397 4899 BAD DEBTS 37674 37674 31903278 26735094 3420403 1747781 3260574 3170681 6659072 6382393 2559570 1644834 10462123 4325769 182384 216279 376157 314993 93555773 42595124 47937354 50960649 72089712 76484132 2684584 2935499 146211530 146435229 3149298 1545313 17154246 10141300 19300083 17801183 281551 240327 897408 1328911 40782586 31057034 X 73480768 81169003 31948176 34209192 105428944 115378195 146211530 146435229 X 3551243 6386976 11032 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69087680 1214298 8209116 2441000 76070094 62503212 927087 8579381 2922000 69087680 58363682 405444 6007086 2273000 62503212 63965145 1571056 -5739519 1433000 58363682 53009559 89838 12038748 1173000 63965145 0.69347 0.21522 0.09131 1 0 1888311 1888311 84381821 37719414 46662407 3453978 2931357 522621 3831663 1944353 1887310 50960649 INTEREST RATE SWAP 201363 RETIREMENT OBLIGATION 902548 DINING CONTRACT REBATE 225000 1328911 X 34857517 6386976 -6904365 -517389 35374906 79615 79615 35454521 24908266 350587 350587 24557679 79615 7265984 7345599 31903278 PART V, LINE 4: KIMBALL UNION ACADEMY USES THEIR ENDOWMENT FUNDS FOR ACADEMICS, THE EQUESTRIAN PROGRAM, DEPARTMENT MANAGER SALARIES, FINANCIAL AID, BUILDING MAINTENANCE, BOOKS, AND OPERATING SUPPORT. PART X, LINE 2: THE ACADEMY QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACADEMY REPORTS CERTAIN PROGRAM SUPPORTING REVENUE, SUCH AS ITS HOCKEY FACILITY AND DAY CARE CENTER, ON FORM 990-T SUBJECT TO EXCISE TAX. IN ADDITION, THE ACADEMY FILES A BUSINESS ENTERPRISE TAX RETURN IN NEW HAMPSHIRE. THE ACADEMY HAS ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. SUBTOPIC 740-10 ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORELIKELY- THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ACADEMY HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS. IF THE ACADEMY INCURS INTEREST OR PENALTIES AS A RESULT OF UNRECOGNIZED TAX POSITIONS, THE POLICY IS TO CLASSIFY INTEREST ACCRUED WITH INTEREST EXPENSE AND PENALTIES THEREON WITH MANAGEMENT AND GENERAL EXPENSES. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -7,265,984. INTEREST RATE SWAP -117,317. COST OF GOODS SOLD 338,339. CHANGE IN VALUE OF BENEFICIAL INTEREST 128,349. FUNDRAISING EVENTS 12,248. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 338,339. FUNDRAISING EVENTS 12,248. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,265,984. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 KIMBALL UNION ACADEMY'S NONDISCRIMINATORY POLICY IS PUBLISHED ON ITS WEBSITE, ON ITS APPLICATION AND EMPLOYMENT DOCUMENTS, AND IN EMPLOYMENT ADS. THE NONDISCRIMINATORY POLICY IS ALSO INCLUDED IN THEIR ADMISSIONS MATERIALS, INCLUDING THEIR APPLICATION FOR ADMISSION. EVERY STUDENT HAS AN ANNUAL CONTRACT WITH THE SCHOOL THAT CLEARLY STATES THE SCHOOL'S NONDISCRIMINATORY POLICY. 0 0 0 0 0 0 0 0 0 FINANCIAL AID EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 2 72400 FINANCIAL AID FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 27500 FINANCIAL AID FINANCIAL AID NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 15 920322 FINANCIAL AID FINANCIAL AID RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 1 18700 FINANCIAL AID 0 0 0 0 0 0 DAY OF GIVING 64223 63533 690 167 45 AUCTION 25486 16734 8752 10925 83 678 89709 80267 9442 10925 250 723 11898 -2456 1 FINANCIAL AID 145 6227362 FINANCIAL AID PART I LINE 2 THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT THE BUSINESS OFFICE OF KIMBALL UNION ACADEMY. THE AMOUNT OF FINANCIAL AID AWARDED IS CREDITED TO EACH RECIPIENT'S ACCOUNT AND THE NET AMOUNT DUE TO THE SCHOOL IS THEN BILLED TO THE STUDENT. X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 TYLER LEWIS HEAD OF SCHOOL 348021 0 92500 0 7756 0 84500 0 110069 0 642846 0 0 0 STACEY SUMMERFIELD DIRECTOR OF INSTITUTIONAL 200464 0 0 0 332 0 21785 0 41048 0 263629 0 0 0 GERARD MURPHY CFO 178351 0 0 0 437 0 19520 0 41112 0 239420 0 0 0 TRICIA MCKEON DIRECTOR OF MARKETING AND COMM. 101708 0 0 0 267 0 11975 0 77699 0 191649 0 0 0 JOSHUA LABOVE DIRECTOR OF ENROLLMENT MANAGEMENT 109594 0 0 0 144 0 12200 0 59726 0 181664 0 0 0 ADAM STEINBERG DEPUTY DIRECTOR OF DEVELOPMENT 119319 0 0 0 805 0 11200 0 40212 0 171536 0 0 0 LARRY OSMER DIRECTOR OF CAPITAL PROJEC 114744 0 0 0 684 0 12180 0 29734 0 157342 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO A MAJORITY OF THE FACULTY, TO THE EXTENT ON-CAMPUS HOUSING IS AVAILABLE, IN ORDER FOR THE FACULTY TO FULFILL THEIR LOCO PARENTIS RESPONSIBILITIES. A NHHEFA 020279866 664614TA7 2015-08-27 14657301 REFINANCE EXISTING BONDS AND RENOVATIONS 0 0 0 B NHHEFA 020279866 2024-02-15 7500000 FINANCING OF EDUCATIONAL FACILITIES 0 0 0 A 14657301 232108 2000000 375193 2015 0 0 1 1 B 7500000 131006 96063 7272931 2024 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 1 0 0 1 1 UNITED BANK 10.000000000000 0 0 0 0 0 B 0 1 0 0 1 0 0 0 0 A 1 B 1 RENEE LEWIS TEACHER/ASSISTANT COACH 23700 RENEE LEWIS, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE HEAD OF SCHOOL. 0 FIRST POINT POWER LLC BUSINESS OWNER 250000 BOARD MEMBER, THROUGH 04/2024, IS 52% OWNER 0 X 5 221748 FMV X IN KIND 4 18108 FMV 0 1 1 PART I, LINE 32B: THE ORGANIZATION'S GIFTS OF STOCK ARE TRANSFERRED TO A BROKERAGE HOUSE FOR IMMEDIATE SALE. REAL ESTATE GIFTS NOT CORE TO THE MISSION OF THE ACADEMY ARE PLACED WITH A QUALIFIED, LOCAL REAL ESTATE BROKER AND PLACED FOR SALE. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT AUDITORS DISCUSSED PREPARATION OF THE FORM 990 WITH THE ORGANIZATION'S AUDIT COMMITTEE IN DETAIL. A DRAFT COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD FOR TRUSTEE INSPECTION BEFORE FILING. THE CFO AND THE AUDIT COMMITTEE CHAIR ALSO BRIEF THE TRUSTEES ON KEY ELEMENTS OF THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH TRUSTEE, PRIOR TO TAKING A POSITION ON THE BOARD, TO SUBMIT IN WRITING ANY POSSIBLE CONFLICTS. THE ORGANIZATION REQUIRES EACH TRUSTEE TO UPDATE THE LISTS ANNUALLY. TRUSTEES HAVING A FINANCIAL INTEREST IN THE TRANSACTION AT HAND ARE NOT ALLOWED TO VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE. THE COMMITTEE PERIODICALLY HIRES A THIRD-PARTY EXPERT TO REVIEW, BENCHMARK, AND ASSIST IN THE NEGOTIATION OF THE HEAD'S CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. FORM 990 LINE 8B KUA'S COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE FULL BOARD. KUA'S COMMITTEES MAKE RECOMMENDATIONS AND ONLY THE FULL BOARD VOTES TO ACT. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP ADJUSTMENT -117,317. CHANGE IN VALUE OF BENEFICIAL INTEREST 128,349.