2024-05-14T15:27:42-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2022-07-01 060646888 SALISBURY SCHOOL INC SALI 8604355711 251 CANAAN RD SALISBURY CT 06068 VAFA VAHID CHIEF FINANCIAL OFFICER 8604355711 2024-05-13 1 VAFA VAHID 999009999 0 JOHN TOSCANO P00358542 8605614000 2024-05-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM WEBB 251 CANAAN RD SALISBURY CT 06068 36426256 0 X WWW.SALISBURYSCHOOL.ORG X 1901 CT EDUCATION: SALISBURY SCHOOL IS AN INDEPENDENT BOY'S SECONDARY SCHOOL (GRADES 9 THROUGH 12) FOR BOARDING AND DAY STUDENTS. THE SCHOOL RECRUITS STUDENTS FROM AROUND THE WORLD. 24 24 226 24 -17512 0 9906508 9076133 22113292 23280215 4758309 3203486 10955 2750 36789064 35562584 4409114 4501700 0 0 12822649 13711820 0 0 1821629 10927885 12515488 28159648 30729008 8629416 4833576 219008162 231447981 50816856 51698850 168191306 179749131 X SALISBURY SCHOOL WAS FOUNDED TO INSTILL A VIBRANT ENTHUSIASM FOR LEARNING AND THE SELF-CONFIDENCE NEEDED FOR INTELLECTUAL, PHYSICAL, MORAL AND SPIRITUAL DEVELOPMENT. THOUGH WE ARE A NON-DENOMINATIONAL SCHOOL OPEN TO BOYS OF ALL BELIEF SYSTEMS, SPIRITUAL EXPLORATION IS ONE OF OUR CORE TRADITIONS.BUILT ON ESSENTIAL CORE VALUES, THE SCHOOL'S UNIQUE CULTURE PROMOTES BROTHERHOOD, CREATIVITY, EMPATHY, HUMILITY, INTEGRITY, LEADERSHIP AND RESPECT. SALISBURY GRADUATES ARE MEN OF CHARACTER AND PROMISE WHO ARE PREPARED TO MEET THE CHALLENGES OF COLLEGE AND ADULTHOOD AND TO MAKE A DIFFERENCE IN AN ENTREPRENEURIAL, TECHNOLOGICAL AND COSMOPOLITAN WORLD. 0 0 23049958 4501700 23280215 SALISBURY SCHOOL IS AN INDEPENDENT BOY'S SECONDARY SCHOOL (GRADES 9 THROUGH 12) FOR APPROXIMATELY 313 BOARDING AND DAY STUDENTS. 23049958 1 1 0 0 0 0 0 1 0 1 1 1 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 77 0 1 226 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X JOSEPHINE LEARY 8604355711 251 CANAAN ROAD SALISBURY CT 06068 WILLLIAM WEBB HEAD OF SCHOOL (STARTED 7/1/2022) 40.00 X 229879 0 61109 VAFA VAHID CHIEF FINANCIAL OFFICER (STARTED 7/1/2022) 40.00 X 167917 0 0 ROBERT WYNNE ASSOCIATE HEAD OF SCHOOL 40.00 X 336975 0 132269 PETER GILBERT ASSISTANT HEAD OF SCHOOL FOR INSTITUTIONAL ADVANCE 40.00 X 251706 0 74156 JOSEPHINE LEARY BUSINESS MANAGER 40.00 X 245258 0 22500 WILLIAM WARDER DIRECTOR OF ADMISSIONS 40.00 X 124242 0 53054 ELECTRA TORTORELLA DIRECTOR OF LEADERSHIP AND PLANNED GIVING 40.00 X 122663 0 41357 ANTHONY FRAENKEL DIRECTOR OF DINING SERVICES 40.00 X 122755 0 40613 WILLIAM BOYER DIRECTOR OF BUILDINGS & GROUNDS 40.00 X 130614 0 28332 CHISHOLM CHANDLER HEAD OF SCHOOL- FORMER 40.00 X 456538 0 167754 CAMPBELL LANGDON CO-CHAIR 1.00 X X 0 0 0 DAVID LEAVY CO-CHAIR 1.00 X X 0 0 0 MATTHEW BARZUN VICE CHAIR 1.00 X X 0 0 0 ROBERT ZABEL VICE CHAIR 1.00 X X 0 0 0 GREGORY JOHNSON TREASURER 1.00 X X 0 0 0 JOHN LAMBROS VICE TREASURER 1.00 X X 0 0 0 DAVID MATHUS SECRETARY 1.00 X X 0 0 0 REVEREND WILLIAM DANAHER VICE SECRETARY 1.00 X X 0 0 0 BAOPEND BAI TRUSTEE 1.00 X 0 0 0 ERIC BOMMER OUTGOING TRUSTEE 1.00 X 0 0 0 LISA CALLAHAN OUTGOING TRUSTEE 1.00 X 0 0 0 MATTHEW CASSIN TRUSTEE 1.00 X 0 0 0 JOHN COLEMAN TRUSTEE 1.00 X 0 0 0 JOHN COUZENS TRUSTEE 1.00 X 0 0 0 BRADFORD DIMEO TRUSTEE 1.00 X 0 0 0 DAVID FRIEDMAN TRUSTEE 1.00 X 0 0 0 MICHAEL GANS TRUSTEE 1.00 X 0 0 0 KENNETH HANAU TRUSTEE 1.00 X 0 0 0 ADELAIDE HARRIS TRUSTEE 1.00 X 0 0 0 PATRICIA ISEN TRUSTEE 1.00 X 0 0 0 ARRMANDO JIMENEZ TRUSTEE 1.00 X 0 0 0 PETER KEEHN TRUSTEE 1.00 X 0 0 0 HARRIET MARSHALL TRUSTEE 1.00 X 0 0 0 CHRISTOPHER MERRILL TRUSTEE 1.00 X 0 0 0 TIMOTHY REES TRUSTEE 1.00 X 0 0 0 WHITNEY ROBINSON TRUSTEE 1.00 X 0 0 0 J WOOD RUTTER OUTGOING TRUSTEE 1.00 X 0 0 0 JAMES TOWNSEND OUTGOING TRUSTEE 1.00 X 0 0 0 MARITA WONG OUTGOING TRUSTEE 1.00 X 0 0 0 2188547 0 621144 11 1 1 0 BURLINGTON CONSTRUCTION 450 NEW LITCHFIELD STREET TORRINGTON CT 06790 CONSTRUCTION CONTRACTOR 793365 UCE FINE BUILDERS INC 111 THOMASTON ROAD LITCHFIELD CT 06759 CONSTRUCTION CONTRACTOR 584172 GINSBERG'S FOODS ROUTE 66 PO BOX 1150 HUDSON NY 12534 FOOD SERVICES 472568 ENTERPRISE BUILDERS INC 46 SHEPARD DRIVE NEWINGTON CT 06111 CONSTRUCTION CONTRACTOR 391668 US FOODSERVICE INC PO BOX 642554 PITTSBURGH PA 15264 FOOD SERVICES 337933 16 9076133 515138 9076133 STUDENT TUITION & FEES 611600 22162561 22162561 AUXILIARY SERVICES 611600 821880 821880 STUDENT ATHLETICS AND INCIDENTALS 611600 295774 295774 23280215 946365 -20818 967183 3120793 863672 2257121 2257121 556 2256565 OTHER REVENUES 900099 2750 2750 2750 35562584 23280215 -17512 3223748 4501700 4501700 1569272 1244910 324362 237625 53431 184194 9182864 7041279 1527087 614498 632576 421125 124962 86489 1345253 1203167 48830 93256 744230 509896 173010 61324 300443 300443 79118 79118 417928 417928 1472512 849313 574703 48496 106154 47683 615 57856 582597 115254 285470 181873 388537 79190 210473 98874 1771428 1549322 219637 2469 179783 6344 104642 68797 81899 9262 30297 42340 698845 698845 3018156 2920368 65192 32596 387243 374697 8364 4182 STUDENT INCIDENTALS 2507479 2251156 170249 86074 SUPPLIES 502873 409457 77537 15879 MISCELLANEOUS 20493 8469 9760 2264 30729008 23049958 5857421 1821629 4357803 4163877 12030265 10418769 4999756 5767776 805420 980148 168060 158659 621951 865303 126931524 54928260 67898447 72003264 5744607 6692271 65493643 71330305 56888210 59067609 219008162 231447981 1924761 2666032 7035702 8529338 41856393 40503480 50816856 51698850 X 52340932 53891197 115850374 125857934 168191306 179749131 219008162 231447981 X 4833576 3038353 3685896 X 0 1 X 1 0 X 8581386 5187267 7529924 9906508 9076133 40281218 8581386 5187267 7529924 9906508 9076133 40281218 4925944 35355274 1108198 921890 1896174 708801 967183 5602246 59957 59957 45943421 108203857 0.76950 0.77930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 75276034 2736673 5521897 929274 2191798 80413532 73099402 6040858 -1073093 825405 1965728 75276034 56546184 1741583 17511635 828685 1871315 73099402 57686822 826393 732969 804802 1895198 56546184 57404092 528002 2465728 828950 1464046 418004 57686822 0.32360 0.67640 0.00000 0 0 1306500 1306500 113796873 50422727 63374146 3925033 3297942 627091 7903118 1207591 6695527 72003264 GLOBAL EQUITY 17918579 F HEDGE FUNDS 22191181 F PRIVATE EQUITY 27057795 F OIL AND GAS 849607 F REAL ESTATE 161686 F DOMESTIC EQUITY 3151457 F 71330305 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 56314156 DEPOSITS 29385 RESTRICTED CASH 2406039 DEFERRED COMPENSATION PLAN 318029 59067609 37367205 3038353 -815804 2222549 35144656 417928 417928 35562584 25809380 0 25809380 417928 4501700 4919628 30729008 PART III, LINE 4: THE SCHOOL HOLDS A SHAKESPEARE BOOK COLLECTION AND A PATRICK HUGHES OIL PAINTING, WHICH WERE DONATED WITH THE INTENTION THAT THEY BE USED FOR EDUCATIONAL PURPOSES. PART V, LINE 4: THE INTENDED USE OF THE SCHOOL'S ENDOWMENT IS TO SUPPORT THE OPERATIONS OF THE SCHOOL INCLUDING SCHOLARSHIPS TO STUDENTS AND PROFESSIONAL DEVELOPMENT TO FACULTY. PART XI, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR UNCOLLECTIBLE PLEDGES 98,089. CHANGE IN VALUE OF CHARITABLE TRUSTS 3,587,807. FINANCIAL AID -4,501,700. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,501,700. 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 STATEMENT OF NON-DISCRIMINATORY POLICY WAS POSTED ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 30992000 0 0 0 0 0 0 30992000 0 30992000 1 0 0 1 1 0 PART III ACCOUNTING METHOD: SCH F, PART I, 3(F) THE LISTED INVESTMENTS ARE PART OF THE SCHOOL'S ENDOWMENT 1 FINANCIAL AID 117 4493290 FMV FINANCIAL ASSISTANCE PROVIDED AS A REDUCTION TO TUITION CHARGES SUPPLEMENTAL AID 6 8410 FMV BOOKS, HEALTH INSURANCE PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY SCHOOL AND STUDENT SERVICES (SSS) GUIDELINES WHICH PROVIDES A FINANCIAL AID NEED ANALYSIS BASED ON CONFIDENTIAL INFORMATION PROVIDED BY FAMILIES. THE SCHOLARSHIPS ARE AWARDED ON AN OBJECTIVE AND NONDISCRIMINATORY MANNER. ALL SCHOLARSHIPS ARE MADE DIRECTLY AS CREDITS AGAINST STUDENT ACCOUNTS AND NO CASH REFUNDS ARE ISSUED FOR ANY PURPOSE. X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 WILLLIAM WEBB HEAD OF SCHOOL (STARTED 7/1/2022) 185319 0 0 0 44560 0 34625 0 26484 0 290988 0 0 0 VAFA VAHID CHIEF FINANCIAL OFFICER (STARTED 7/1 151667 0 0 0 16250 0 0 0 0 0 167917 0 0 0 ROBERT WYNNE ASSOCIATE HEAD OF SCHOOL 336837 0 0 0 138 0 80500 0 51769 0 469244 0 0 0 PETER GILBERT ASSISTANT HEAD OF SCHOOL FOR INSTITU 250944 0 0 0 762 0 50500 0 23656 0 325862 0 0 0 JOSEPHINE LEARY BUSINESS MANAGER 225000 0 0 0 20258 0 22500 0 0 0 267758 0 0 0 WILLIAM WARDER DIRECTOR OF ADMISSIONS 124152 0 0 0 90 0 6600 0 46454 0 177296 0 0 0 ELECTRA TORTORELLA DIRECTOR OF LEADERSHIP AND PLANNED G 122267 0 0 0 396 0 10123 0 31234 0 164020 0 0 0 ANTHONY FRAENKEL DIRECTOR OF DINING SERVICES 122359 0 0 0 396 0 13200 0 27413 0 163368 0 0 0 WILLIAM BOYER DIRECTOR OF BUILDINGS & GROUNDS 128285 0 0 0 2329 0 13500 0 14832 0 158946 0 0 0 CHISHOLM CHANDLER HEAD OF SCHOOL- FORMER 192352 0 0 0 264186 0 85500 0 82254 0 624292 0 179786 0 PART I, LINE 1A THE SCHOOL PROVIDED TUITION REIMBURSEMENT, AUTO ALLOWANCE AND MOVING EXPENSE REIMBURSEMENT TO THE HEAD OF SCHOOL. THESE ITEMS ARE INCLUDED AS OTHER REPORTABLE COMPENSATION. INCLUDED IN OTHER REPORTABLE COMPENSATION OF THE FORMER HEAD OF SCHOOL ARE A HOUSING ALLOWANCE, AUTO ALLOWANCE, CLUB DUES AND DEFERRED COMPENSATION PAYMENT. THE SCHOOL PROVIDED HOUSING TO THE CHIEF FINANCIAL OFFICER, WHICH IS INCLUDED IN OTHER REPORTABLE COMPENSATION. PART I, LINE 4B NAME: CHISHOLM CHANDLER, DESCRIPTION: 457F, CURRENT YEAR AMOUNT: $179,786. PLAN DESCRIPTION: 457F PAYOUT AND $65000 CONTRIBUTION NAME: ROBERT WYNNE, DESCRIPTION: 457F, CURRENT YEAR AMOUNT: $50,000. PLAN DESCRIPTION: 457F SCHOOL CONTRIBUTION NAME: PETER GILBERT, DESCRIPTION: 457F, CURRENT YEAR AMOUNT: $25,000. PLAN DESCRIPTION: 457F SCHOOL CONTRIBUTION NAME: WILLLIAM WEBB, DESCRIPTION: 457F, CURRENT YEAR AMOUNT: $25,000. PLAN DESCRIPTION: 457F SCHOOL CONTRIBUTION A STATE OF CONNECTICUT HEALTH AND EDUCATION FACILITIES AUTHORITY 060806186 2020-12-11 43601000 REFUND SERIES D BONDS 0 0 0 A 2816000 43601000 321738 43601000 2020 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 AMY WYNNE SPOUSE OF ASSOCIATE HEAD OF SCHOOL 46249 SALARIES PAID FOR ROLES AS ASSISTANT LIBRARIAN AND LEARNING CENTER INSTRUCTOR 0 CAROLINE GILBERT SPOUSE OF ASSISTANT HEAD OF SCHOOL FOR INSTITUTIONAL ADVANCEMENT 7182 SALARIES PAID FOR LEARNING CENTER INSTRUCTOR 0 X 28 515138 FMV 0 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN PART I COLUMN (A) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL DISCHARGE THE DUTIES OF THE BOARD DURING INTERVALS BETWEEN BOARD MEETINGS, SUBJECT TO SUCH LIMITATIONS AS MAY BE IMPOSED BY RESOLUTION OF THE BOARD; PROVIDED, HOWEVER, THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO ELECT OR REMOVE AN OFFICER, ADOPT A PLAN OF MERGER OR CONSOLIDATION, AUTHORIZE THE SALE, LEASE, EXCHANGE, OR MORTGAGE OF THE PROPERTY AND ASSETS OF THE CORPORATION, AUTHORIZE THE VOLUNTARY DISSOLUTION OF THE CORPORATION OR REVOKE PROCEEDINGS THEREFORE, OR ADOPT A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY TAX ADVISORS WITH INFORMATION PROVIDED BY MANAGEMENT. IT IS REVIEWED BY THE CFO, CONTROLLER AND AUDIT COMMITTEE. THE AUDIT COMMITTEE THEN MAKES ANY CHANGES AND APPROVES THE FORM 990. A COPY OF THE FORM 990 EXCLUDING SCHEDULE B, DONOR INFORMATION, IS PROVIDED TO ALL TRUSTEES BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED AT THE ANNUAL BOARD MEETING. THE SCHOOL ANNUALLY CERTIFIES THAT THERE ARE NO CONFLICTS. THE CONFLICT OF INTEREST POLICY COVERS TRUSTEES. THE SCHOOL'S EMPLOYEE POLICY AND PROCEDURE MANUAL INCLUDES A CONFLICT OF INTEREST POLICY THAT COVERS OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS OFFICER AND KEY EMPLOYEE COMPENSATION ANNUALLY AND PRESENTS A RECOMMENDATION AT THE SPRING MEETING. ABOPS COMPENSATION DATA IS USED FOR COMPARABILITY STUDIES. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AND ARE ON FILE IN THE BUSINESS OFFICE OF THE SCHOOL. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE TRUSTS 3,587,807. PROVISION FOR UNCOLLECTABLE PLEDGES 98,089. CHARITABLE REMAINDER TRUSTS (6) TRUST CT SALISBURY SCHOOL T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0