2026-05-15T11:59:32-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-07-01 060646566 CANTERBURY SCHOOL INC CANT 8602103800 101 ASPETUCK AVENUE NEW MILFORD CT 06776 STEPHEN CARLETON CHIEF FINANCIAL OFFICER 8602103800 2026-05-13 1 1 LAURA J KENNEY P00202198 6177170831 2026-05-13 2024 2025-03-06 01:10:19Z SUZANNE ROBERTS 101 ASPETUCK AVENUE NEW MILFORD CT 06776 33018717 0 X WWW.CBURY.ORG X 1915 CT EDUCATIONAL ORGANIZATION 20 20 205 150 15813 0 4546291 6662613 22569435 23578907 1514983 1426902 543548 463364 29174257 32131786 5514525 5973200 0 0 13541450 13566077 56739 99034 1747390 10553173 10740890 29665887 30379201 -491630 1752585 101626076 107514568 21830232 22116294 79795844 85398274 CANTERBURY IS A COLLEGE PREPARATORY, COEDUCATIONAL BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES 9-12. 0 0 22806548 5973200 23578907 INSTRUCTION OF APPROXIMATELY 341 STUDENTS IN GRADES 9-12, INCLUDING STUDENT SERVICES RELATED TO EDUCATION PROGRAMS, LODGING AND MEALS. 22806548 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 83 0 1 205 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X STEPHEN CARLETON CHIEF FINANCIAL OFFICER 8602103800 101 ASPETUCK AVE NEW MILFORD CT 06776 H NICHOLAS RAGLAND JR PRESIDENT 1.00 X X 0 0 0 JOHN A DONOVAN VICE PRESIDENT 1.00 X X 0 0 0 MARY COLEMAN LYNN SECRETARY 1.00 X X 0 0 0 CAROL LOVELL CARMODY TREASURER 1.00 X X 0 0 0 DOROTHY L ALPERT TRUSTEE 1.00 X 0 0 0 KEITH G ANGELL TRUSTEE 1.00 X 0 0 0 HAROLD T CLARK III TRUSTEE 1.00 X 0 0 0 DOUGLAS FAMIGLETTI TRUSTEE 1.00 X 0 0 0 HOLLY FEDORCIK TRUSTEE 1.00 X 0 0 0 LAWRENCE P FISHER II TRUSTEE 1.00 X 0 0 0 SEAN F FLANAGAN TRUSTEE 1.00 X 0 0 0 THEODORE C HOLLANDER TRUSTEE 1.00 X 0 0 0 JEREMIAH E KEEFE TRUSTEE 1.00 X 0 0 0 STEPHEN M KESSING TRUSTEE 1.00 X 0 0 0 NANCY MULHEREN TRUSTEE 1.00 X 0 0 0 NICOLE D'AMOUR SCHNEIDER TRUSTEE 1.00 X 0 0 0 JUSTIN TOWEY TRUSTEE 1.00 X 0 0 0 DONALD F VINCENT JR TRUSTEE 1.00 X 0 0 0 NELL P WILLIAMS TRUSTEE 1.00 X 0 0 0 ROBERT L WILLIAMS TRUSTEE 1.00 X 0 0 0 SUZANNE ROBERTS INTERIM HEAD OF SCHOOL 40.00 X 217597 0 166270 STEPHEN CARLETON CHIEF FINANCIAL OFFICER 40.00 X 202552 0 60058 PETER J COTIER ASSISTANT SECRETARY 40.00 X 159667 0 82439 RICHARD HENDERSON JR CHIEF ADVANCEMENT OFF (UNTIL 01/25) 40.00 X 193880 0 75426 DAVID TUTTLE DIRECTOR OF BUSINESS DEVELOPMENT 40.00 X 150095 0 22416 MATTHEW GLASER DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 126710 0 41109 ALBERT DELLORCO ASST HEAD OF SCHOOL FOR ENROLLMENT 40.00 X 118649 0 73666 JOHN MOYLAN II DIRECTOR OF FACILITIES 40.00 X 114127 0 33922 JENNIFER LOPRINZO DIR OF MARKETING AND COMMUNICATIONS 40.00 X 111238 0 12275 RACHEL STONE HEAD OF SCHOOL (UNTIL 06/24) 40.00 X 248127 0 59154 1642642 0 626735 11 1 1 0 BURLINGTON CONSTRUCTION CO INC 450 NEW LITCHFIELD ST TORRINGTON CT 06790 CONSTRUCTION 1812152 MARTIN CONSTRUCTION 19 WHITLOCK AVE PLANTSVILLE CT 06479 CONSTRUCTION 222833 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY 164969 OVAL TENNIS INC PO BOX 189 SOMERS NY 10589 CONSTRUCTION 151470 R&S CONSTRUCTION SERVICES INC PO BOX 121 MIDDLEBURY CT 06762 CONSTRUCTION 146420 9 6662613 259664 6662613 TUITION 611710 23239989 23239989 MISC STUDENT CHARGES 611710 326921 326921 STUDENT SERVICES 611710 11997 11997 23578907 1407823 -61292 1469115 140217 0 140217 140217 140217 749179 2891 732991 0 16188 2891 19079 19079 287441 153940 133501 133501 MISCELLANEOUS REVENUE 713940 100819 100819 POOL RINK, FIELD HOUSE 713940 77105 77105 SPECIAL EVENTS 900099 11722 11722 189646 32131786 23578907 15813 1874453 5973200 5973200 1396735 65858 1215890 114987 152627 152627 8863338 6668116 1567268 627954 2441422 2011897 286458 143067 711955 490928 171229 49798 51705 51705 66490 66490 99034 99034 255767 255767 195286 45986 149300 162869 162869 479362 161892 204921 112549 407118 259161 81713 66244 1137398 1031174 56682 49542 398958 167139 163350 68469 165771 70987 65734 29050 477433 429690 47743 3129394 2659985 312939 156470 502634 502634 PLANT COSTS 1052105 798437 249369 4299 FOOD SERVICE COSTS 815786 815786 ATHLETICS 263884 263884 SPECIAL EVENTS 253759 110901 142858 925171 628900 213202 83069 30379201 22806548 5825263 1747390 8442422 7812112 1264364 2866819 261343 212437 125776 132724 598301 523396 96999291 50554487 44785844 46444804 25662382 27215573 20395813 22213580 89831 93123 101626076 107514568 1696462 1290671 2616369 3895355 16768518 15985744 357547 485794 391336 458730 21830232 22116294 X 40280935 43975610 39514909 41422664 79795844 85398274 101626076 107514568 X 1752585 3856732 -6887 X 0 1 X 1 0 X 7213537 5598580 5743226 4546291 6662613 29764247 7213537 5598580 5743226 4546291 6662613 29764247 6102899 23661348 627901 1237603 909524 1633479 1593144 6001651 5093 5093 18350 11722 30072 35801063 106944290 0.66090 0.61830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2023 AMOUNT: $ 18,350. 2024 AMOUNT: $ 11,722. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45062434 726546 4897644 948167 1136408 253482 48348567 40217401 1844651 5230758 905024 1063114 262238 45062434 37933441 1243863 3109400 877614 958526 233163 40217401 37695267 3409438 -1218736 826019 894088 232421 37933441 31432533 1085741 6974548 739724 855867 201964 37695267 0.23560 0.64110 0.12330 0 0 1534433 1534433 78704204 44786646 33917558 5070235 3970473 1099762 11690419 1797368 9893051 46444804 HEDGE FUND 21128405 F SPLIT-INTEREST AGREEMENTS 1085175 F 22213580 LIABILITY UNDER SPLIT INTEREST AGREEMENTS 357113 LEASE LIABILITIES 101617 458730 29927076 3856732 167524 4024256 25902820 255766 5973200 6228966 32131786 24324646 174411 174411 24150235 255766 5973200 6228966 30379201 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUND IS TO SUPPORT THE CURRENT AND FUTURE OPERATIONS OF THE SCHOOL THROUGH THE DISBURSEMENT TO THE SCHOOL'S OPERATING FUND OF A PORTION OF THE ENDOWMENT'S INTEREST, DIVIDENDS, AND REALIZED AND UNREALIZED CAPITAL GAINS. THE LEVEL OF THOSE DISBURSEMENTS, KNOWN AS THE "SPENDING RATE", FROM THE ENDOWMENT TO THE OPERATING FUND IS DETERMINED BY THE BOARD OF TRUSTEES IN KEEPING WITH ESTABLISHED INVESTMENT POLICY STATEMENT. ALL ENDOWMENT RETURNS IN EXCESS OF THOSE DISBURSED TO THE OPERATING FUND ARE REINVESTED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 153,940. UNCOLLECTABLE PLEDGES 20,471. SPLIT INTEREST AGREEMENT -6,887. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,973,200. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 153,940. UNCOLLECTABLE PLEDGES 20,471. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,973,200. 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 CANTERBURY SCHOOL ADVERTISES ITS POLICY OF NONDISCRIMINATION ON THE BASIS OF RACE, RELIGION, NATIONAL ORIGIN, GENDER OR SEXUAL ORIENTATION ON ITS WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 4 CANTERBURY SCHOOL DOES NOT TRACK THE RACIAL COMPOSITION OF THE APPLICANTS AND/OR STUDENTS. X X X X 1 SHAFF FUNDRAISING GROUP 3 ALABAMA CT TOWSON MD 21204 ANNUAL FUND CONSULTING 0 0 13000 0 COMMUNITY COUNSELLING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 19182 DATA ANALYSIS AND ANALYTICS 0 0 30000 0 43000 CT 1 FINANCIAL AID FOR TUITION 184 5973200 N/A N/A PART I, LINE 2: FINANCIAL AID IS PROVIDED THROUGH A REDUCTION OF THE TUITION CHARGES AND IS AWARDED ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. X X X X 1 1 X X X 1 1 0 0 0 0 0 0 1 1 SUZANNE ROBERTS INTERIM HEAD OF SCHOOL 217597 0 0 0 0 0 22743 0 143527 0 383867 0 0 0 RACHEL STONE HEAD OF SCHOOL (UNTIL 06/24) 191518 0 0 0 56609 0 10938 0 48216 0 307281 0 0 0 RICHARD HENDERSON JR CHIEF ADVANCEMENT OFF (UNTIL 01/25) 193880 0 0 0 0 0 12388 0 63038 0 269306 0 0 0 STEPHEN CARLETON CHIEF FINANCIAL OFFICER 202552 0 0 0 0 0 21719 0 38339 0 262610 0 0 0 PETER J COTIER ASSISTANT SECRETARY 159667 0 0 0 0 0 17025 0 65414 0 242106 0 0 0 ALBERT DELLORCO ASST HEAD OF SCHOOL FOR ENROLLMENT 118649 0 0 0 0 0 7740 0 65926 0 192315 0 0 0 DAVID TUTTLE DIRECTOR OF BUSINESS DEVELOPMENT 150095 0 0 0 0 0 9182 0 13234 0 172511 0 0 0 MATTHEW GLASER DIRECTOR OF INFORMATION TECHNOLOGY 126710 0 0 0 0 0 10453 0 30656 0 167819 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. CERTAIN OTHER HIGHLY COMPENSATED EMPLOYEES ARE ALSO PROVIDED ON CAMPUS HOUSING. THE VALUE OF THE HOUSING IS REPORTED AS NONTAXABLE IN SCHEDULE J, PART II, COLUMN (D). CLEANING SERVICES PROVIDED FOR THE HEAD OF SCHOOL RESIDENCE USED FOR SCHOOL BUSINESS PURPOSES IS NOT TREATED AS TAXABLE INCOME, BUT PERSONAL CLEANING SERVICES WERE TREATED AS TAXABLE. THE HEAD OF SCHOOL WAS ALSO PROVIDED SOCIAL CLUB DUES. DUES FOR THE PERIOD OF JULY-OCTOBER 2024 WERE TREATED AS TAXABLE INCOME. THE ORGANIZATION ASSUMED RACHEL STONE'S TAX LIABILITY FOR AMOUNTS REPORTABLE UPON VESTING OF HER SECTION 457(F) PLAN. THE 2024 GROSS UP AMOUNT WAS $4,114. THIS IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). AN ADDITIONAL AMOUNT OF $15,563 WAS TAXABLE IN 2024 FOR TAX FILING AMENDMENTS AND STATE TAX LIABILITIES ASSOCIATED WITH 2023 VESTING. PART I, LINES 4A-B THE FORMER HEAD OF SCHOOL'S COMPENSATION INCLUDES $40,000 UPON SEPARATION FROM SERVICES AS PER AN AGREEMENT. RACHEL STONE'S COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III) INCLUDED $12,495 FOR THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN; TERMS AND CONDITIONS WERE AS FOLLOWS: THE SCHOOL HAS A SECTION 457(F) PLAN TO PROVIDE BENEFITS TO THE HEAD OF SCHOOL. THIS AMOUNT REPRESENTS THE PRESENT VALUE OF $25,000 WHICH VESTED AS OF JUNE 30, 2024. PART I, LINE 8 SUZANNE ROBERTS IS IN HER INITIAL EMPLOYMENT AGREEMENT AS INTERIM HEAD OF SCHOOL OF CANTERBURY SCHOOL EFFECTIVE AS OF MAY 1, 2024, FOR AN INITIAL TERM OF 14 MONTHS. A CHEFA 060806186 2020-01-30 19122000 PRIMARILY REFINANCING OF SERIES C AND D BOND ISSUANCES ALONG W/ NEW PROJECTS 0 0 0 A 3068663 19122000 142475 1918320 17061205 2020 1 0 1 1 A 0 1 0 0 0.00000 0.00750 0.00750 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 CHRISTOPHER ROBERTS SEE PART V 84172 SEE PART V 0 JAMES STONE SEE PART V 68455 SEE PART V 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: CHRISTOPHER ROBERTS(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SPOUSE OF INTERIM HEAD OF SCHOOL(D) DESCRIPTION OF TRANSACTION: COMPENSATION AND BENEFITS(A) NAME OF PERSON: JAMES STONE(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SPOUSE OF HEAD OF SCHOOL(D) DESCRIPTION OF TRANSACTION: COMPENSATION AND BENEFITS X 21 259664 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF DONATIONS, NOT THE NUMBER OF SHARES OF STOCK DONATED. FORM 990, PART VI, SECTION A, LINE 8B AGENDAS ARE KEPT AS A RECORD OF THE COMMITTEES' ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY TAX ADVISORS OF AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. THERE IS A SUBSET OF THE AUDIT COMMITTEE INCLUDING THE CHAIR OF THE AUDIT COMMITTEE, THE VICE PRESIDENT OF THE BOARD AND AN ADDITIONAL TRUSTEE, THAT REVIEWS AND APPROVES THE FORM 990. THE FORM 990 IS THEN PROVIDED TO ALL VOTING MEMBERS OF THE BOARD BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST QUESTIONNAIRES ARE CIRCULATED TO THE TRUSTEES ANNUALLY AND MAINTAINED BY THE HEAD OF SCHOOL'S ASSISTANT. EMPLOYEES ARE BOUND BY A CONFLICT OF INTEREST POLICY INCLUDED IN THE EMPLOYEE HANDBOOK. FORM 990, PART VI, SECTION B, LINE 15A EACH SPRING THE HEAD OF SCHOOL HAS A REVIEW WITH THE COMPENSATION COMMITTEE OF THE BOARD. THAT REVIEW INCLUDES AN ASSESSMENT OF THE HEAD OF SCHOOL'S PERFORMANCE BASED ON PRE-ESTABLISHED GOALS AND A SURVEY OF THE BOARD OF TRUSTEES. EVERY FEW YEARS THE COMPENSATION COMMITTEE ALSO PERFORMS A SURVEY OR INTERVIEWS WITH DIRECT REPORTS OF THE HEAD OF SCHOOL, WHICH IS INCLUDED IN THE REVIEW. ALL OF THESE DATA POINTS ARE THEN REVIEWED BY THE BOARD OF TRUSTEES FOLLOWED BY A FORMAL MEETING WITH THE HEAD OF SCHOOL. IN DETERMINING COMPENSATION, THE BOARD CONSIDERS FACTORS SUCH AS PERFORMANCE (FROM THE REVIEW), INFLATION, COMPARABLE COMPETITIVE SETS OF HEAD OF SCHOOLS, AND ANY SUCH MATERIAL THAT MAY CONTRIBUTE TO A POSITIVE OUTCOME. THE HEAD OF SCHOOL DETERMINES COMPENSATION FOR ALL OTHER OFFICERS AND KEY EMPLOYEES OF THE SCHOOL. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: SPLIT INTEREST AGREEMENT -6,887. CHARITABLE REMAINDER TRUSTS (4) SPLIT INTEREST AGREEMENTS CT CANTERBURY SCHOOL T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0