2024-05-13T12:13:28-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2022-07-01 060733693 GREENS FARMS ACADEMY INC GREE 2032567543 35 BEACHSIDE AVENUE PO BOX 998 GREENS FARMS CT 068380998 JENNIFER CAMPBELL CHIEF FINANCE & OPERATING OFFICER 2032567543 2024-05-10 1 JENNIFER CAMPBELL 999009999 0 LAURA J KENNEY P00202198 6177170831 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNIFER CAMPBELL 35 BEACHSIDE AVENUE PO BOX 998 GREENS FARMS CT 068380998 54727691 0 X WWW.GFACADEMY.ORG X 1925 CT GFA ENGAGES STUDENTS AS PARTNERS IN AN INNOVATIVE, INCLUSIVE, AND GLOBALLY MINDED COMMUNITY TO PREPARE THEM FOR A LIFE OF PURPOSE. 24 22 383 215 106719 0 5008980 7577678 35747713 37864764 1769467 503005 564425 450545 43090585 46395992 5079966 5216255 0 0 24812673 25027969 54875 36359 2188990 11775500 12292587 41723014 42573170 1367571 3822822 150140692 158036789 20436837 19796114 129703855 138240675 GFA ENGAGES STUDENTS AS PARTNERS IN AN INNOVATIVE, INCLUSIVE, AND GLOBALLY MINDED COMMUNITY TO PREPARE THEM FOR A LIFE OF PURPOSE. 0 0 36026286 5210466 37794775 AT GFA, WE BELIEVE A PRE-KINDERGARTEN THROUGH 12TH GRADE EDUCATION CAN BE JOYFUL. WE INVITE OUR STUDENTS TO THINK BIG, QUESTION OFTEN AND STAY GROUNDED IN OUR CORE VALUES OF PASSION, INTEGRITY, EMPATHY, CURIOSITY, AND EXCELLENCE. STUDENTS ARE AT THE CENTER OF EVERYTHING, AS KNOWN AND ENGAGED PARTNERS IN THEIR OWN LEARNING. THEY TAKE PRIDE IN THEIR ACHIEVEMENTS, DEFINE WHAT EXCELLENCE MEANS FOR THEM, AND THEN RISE TO MEET IT. INNOVATION IS NOT A BUZZWORD AT GFA. HERE, THOUGHTFUL PROGRESS TRAVELS ALONGSIDE A LEGACY OF ACADEMIC STRENGTH. GFA PROUDLY HELPS SHAPE MEN AND WOMEN OF CHARACTER WHO WILL LEAVE THEIR MARK ON THE BROADER GLOBAL COMMUNITY. 1861375 0 6289 HORIZONS AT GFA - HORIZONS AT GFA HELPS UNDERSERVED BRIDGEPORT STUDENTS IN PRE-KINDERGARTEN THROUGH 12TH GRADE IMPROVE THEIR EDUCATIONAL OUTCOMES BY PROVIDING ACADEMIC INSTRUCTION, ENRICHMENT EXPERIENCES, MENTORING, AND EDUCATIONAL GUIDANCE IN A NURTURING COMMUNITY OF DEDICATED PROFESSIONALS. 50596 5789 63700 SUMMER PROGRAMS - THE GFA SUMMER PROGRAM OFFERS INNOVATIVE ACADEMIC COURSES, SUMMER SPORTS FOR YOUNG ATHLETES AND A FUN-FILLED SUMMER CAMP. 37938257 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 152 0 1 383 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 22 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X JENNIFER CAMPBELL 2032567543 35 BEACHSIDE AVENUE PO BOX 998 GREEN FARMS CT 068380998 DAVID DURKIN PRESIDENT/CHAIR 4.00 X X 0 0 0 SAMANTHA MOONEY VICE PRESIDENT/VICE CHAIR 4.00 X X 0 0 0 MICHAEL BLITZER TREASURER 4.00 X X 0 0 0 VANI BETTEGOWDA SECRETARY 4.00 X X 0 0 0 GIL AIKINS TRUSTEE 2.00 X 0 0 0 BARBARA CONA AMONE TRUSTEE 2.00 X 0 0 0 REBECCA BLISS TRUSTEE 2.00 X 0 0 0 WILLIAM L BUCKNALL TRUSTEE 2.00 X 0 0 0 SANFORD EWING TRUSTEE 2.00 X 0 0 0 ROGER FERRIS TRUSTEE 2.00 X 0 0 0 MEADE FOGEL TRUSTEE 2.00 X 0 0 0 SANDRA FROST TRUSTEE 2.00 X 0 0 0 ROOPALI HALL TRUSTEE 2.00 X 0 0 0 WARD K HORTON TRUSTEE 2.00 X 0 0 0 KRISTEN MCDONALD TRUSTEE 2.00 X 0 0 0 NADENE MCKENZIE-REID TRUSTEE 2.00 X 0 0 0 THOMAS MURPHY TRUSTEE 2.00 X 0 0 0 SEAN OBI TRUSTEE 2.00 X 0 0 0 KIM KELLER RAVEIS TRUSTEE 2.00 X 0 0 0 KATE ROTH TRUSTEE 2.00 X 0 0 0 DON SAN JOSE TRUSTEE 2.00 X 0 0 0 GREGG TENSER TRUSTEE 2.00 X 0 0 0 ANGELA TIMASHEV TRUSTEE 2.00 X 0 0 0 EMILY VON KOHORN TRUSTEE 2.00 X 0 0 0 ROBERT WHELAN HEAD OF SCHOOL 40.00 X 621612 0 163469 JENNIFER CAMPBELL CHIEF FINANCE & OPERATIONS 40.00 X 334805 0 84148 JOSEPH FLYNN DIRECTOR OF INSTITUTIONAL ADVANCEMENT 40.00 X 285497 0 54957 ANDREW JONES HEAD OF THE UPPER SCHOOL 40.00 X 169798 0 74149 ANDREW MEYER HEAD OF THE MIDDLE SCHOOL 40.00 X 181822 0 51792 ERIC LEE ATHLETIC DIRECTOR 40.00 X 172496 0 47305 RACHEL BOYER DIRECTOR OF COLLEGE GUIDANCE 40.00 X 155353 0 53249 ANN MILLER ADMISSION DIRECTOR 40.00 X 176185 0 15518 JANE VERLIN HEAD OF THE LOWER SCHOOL 40.00 X 149461 0 90727 MATHIEU FREEMAN US SCIENCE, RESEARCH DIRECTOR 40.00 X 153022 0 51848 BABATOPE AIYEGBO DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 146896 0 50589 SUZZANNA TEYAN ASSOCIATE HEAD OF SCHOOL 40.00 X 145677 0 25451 RAYMOND WEAVER III DIRECTOR OF CAMPUS PLANNING 40.00 X 158587 0 13951 2851211 0 777153 51 0 1 0 ROGER FERRIS PARTNERS LLC 11 WILTON ROAD WESTPORT CT 06880 ARCHITECTUAL SERVICES 1225926 CITRIN COOPERMAN ADVISORS LLC 50 ROCKERFELLER PLAZA NEW YORK NY 10020 ACCOUNTING CONSULTING SERVICES 137342 EVERSONBEST LLC 625 MADISON AVE NEW YORK NY 10022 FURNITURE SUPPLIER 131071 CONNECTICUT PO BOX 4110 DEPT 5261 WOBURN MA 018884110 TRANSPORTATION SERVICES 109096 4 498626 7079052 256632 7577678 TUITION & FEES 611110 37591818 37591818 STUDENT ACTIVITIES & YEARBOOK 611710 215035 215035 SUMMER SCHOOL TUITION 611110 57911 57911 37864764 755720 755720 77106 72312 4794 4794 4794 7825256 8077971 -252715 -252715 -252715 439335 498626 181416 257919 257919 VARIOUS FACILITIES USAGE 713940 106719 106719 PARENTS ASSOC. INCOME 900099 68569 68569 OTHER INCOME 900099 12544 12544 187832 46395992 37864764 106719 846831 5216255 5216255 2734713 1515624 621961 597128 16127149 14500980 882905 743264 1163790 1080182 39755 43853 3712125 3375635 176367 160123 1290192 1101889 95962 92341 79253 79253 137034 137034 36359 36359 84474 84474 398299 260229 120414 17656 361949 6540 172 355237 126242 124306 856 1080 497323 497323 2234100 2164559 50397 19144 221821 221821 136713 51371 1939 83403 3687201 3615326 71875 238395 233627 4768 STUDENT ACTIVITIES 1045780 1045780 DINING ROOM 869822 869822 HORIZONS PROGRAM 668963 668963 SCHOOL SUPPLIES 632074 629570 2504 873144 758455 75287 39402 42573170 37938257 2445923 2188990 662 575 23244342 24130499 139741 2263803 2051209 1784206 353339 224479 117951935 41315555 75155613 76636380 31788051 37689035 17407735 15002681 0 305131 150140692 158036789 4700046 3689591 15736791 16096523 10000 20436837 19796114 X 121903388 126895534 7800467 11345141 129703855 138240675 150140692 158036789 X 3822822 4579328 134670 X 0 1 X 1 0 X 4045567 3767955 4853430 5008980 7577678 25253610 4045567 3767955 4853430 5008980 7577678 25253610 3263486 21990124 956322 1287018 1308228 895100 832826 5279494 277235 257919 535154 139775 114842 133414 125443 81113 594587 31662845 172869155 0.69450 0.72590 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARENTS ASSOC INCOME - 2018 AMOUNT: $ 84,194. 2019 AMOUNT: $ 104,093. 2020 AMOUNT: $ 43,790. 2021 AMOUNT: $ 73,808. 2022 AMOUNT: $ 12,544. OTHER INCOME - 2018 AMOUNT: $ 55,581. 2019 AMOUNT: $ 10,749. 2020 AMOUNT: $ 89,624. 2021 AMOUNT: $ 51,635. 2022 AMOUNT: $ 68,569. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43742387 283396 3875263 203000 913201 84474 46700371 50116998 146360 -5161791 194200 1027297 137683 43742387 40093328 129518 11675514 189473 1591889 50116998 39234686 143253 950594 184038 51167 40093328 38582151 579487 1485198 160910 1205465 45775 39234686 0.85000 0.07000 0.08000 0 0 5725539 5725539 93444974 34948775 58496199 4564477 3157123 1407354 14216945 3209657 11007288 76636380 POINTER OFFSHORE, LTD 2223726 F DOLLAR SENIOR LOAN 26684 F BARON EMERGING MARKETS FUND 1069677 F HARBOURVEST 2019 1857789 F HARBOUR VEST 2020 1634341 F LBC CREDIT PARTNERS 611848 F DWS REAL ASSET INTL 1998375 F IRONWOOD INTERNATIONAL LTD 5580241 F 15002681 46080246 4579328 253728 4833056 41247190 84474 5064328 5148802 46395992 37543426 119058 119058 37424368 84474 5064328 5148802 42573170 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE SUPPORT FOR GREENS FARMS ACADEMY AND ITS MISSION OVER THE LONG TERM. IN DETERMINING INVESTMENT AND DRAW POLICIES, THE SCHOOL'S GOAL IS TO ENSURE THAT THE FUTURE GROWTH OF THE ENDOWMENT IS SUFFICIENT TO OFFSET NORMAL INFLATION PLUS REASONABLE SPENDING, THEREBY PRESERVING THE REAL (INFLATION-ADJUSTED) VALUE AND PURCHASING POWER OF THE FUND FOR FUTURE GENERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 72,312. FUNDRAISING EXPENSES 181,416. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,064,328. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 181,416. RENTAL EXPENSES 72,312. UNCOLLECTIBLE PLEDGES -134,670. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,064,328. 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 PUBLISHES A BROCHURE WHICH INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY. THE STATEMENT IS ALSO INCLUDED ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 12392454 0 0 0 0 0 0 12392454 0 12392454 1 0 1 1 0 0 PART III ACCOUNTING METHOD: X 1 THE ANGELETTI GROUP LLC 365 SOUTH STREET - SUITE 100 MORRISTOWN NJ 07960 FEASIBILITY STUDY 0 0 36359 0 36359 CT NY NJ CA FL HORIZONS FALL GALA 720435 381200 339235 25600 4510 24564 GOLF EVENT 217526 117426 100100 101457 25285 937961 498626 439335 127057 4510 49849 181416 257919 1 STUDENT FINANCIAL AID 141 5064328 TUITION SUPPLEMENTAL STUDENT AID FOR ACADEMIC NEEDS 110 146138 BOOKS, TRANSPORTATION, UNIFORMS, TRIPS, ATHLETICS SUMMER PROGRAM FINANCIAL AID 8 5789 SUMMER TUITION PROGRAM PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS BASED ON NEED AND IS DETERMINED UTILIZING SCHOOL AND CLARITY GUIDELINES WHICH PROVIDE A FINANCIAL AID NEED ANALYSIS BASED ON CONFIDENTIAL INFORMATION PROVIDED BY FAMILIES. THE SCHOLARSHIPS ARE AWARDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. ALL SCHOLARSHIPS ARE MADE DIRECTLY AS CREDITS AGAINST STUDENT ACCOUNTS AND NO CASH REFUNDS ARE ISSUED FOR ANY PURPOSE. ADDITIONAL AID MAY ALSO BE PROVIDED FOR SUPPLEMENTAL NEEDS SUCH AS BOOKS, TRANSPORTATION, AND REQUIRED EQUIPMENT. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 ROBERT WHELAN HEAD OF SCHOOL 577215 0 0 0 44397 0 25925 0 137544 0 785081 0 0 0 JENNIFER CAMPBELL CHIEF FINANCE & OPERATIONS 318933 0 0 0 15872 0 25925 0 58223 0 418953 0 0 0 JOSEPH FLYNN DIRECTOR OF INSTITUTIONAL ADVANCEMEN 261497 0 0 0 24000 0 22565 0 32392 0 340454 0 0 0 ANDREW JONES HEAD OF THE UPPER SCHOOL 169798 0 0 0 0 0 14794 0 59355 0 243947 0 0 0 JANE VERLIN HEAD OF THE LOWER SCHOOL 149461 0 0 0 0 0 13456 0 77271 0 240188 0 0 0 ANDREW MEYER HEAD OF THE MIDDLE SCHOOL 181822 0 0 0 0 0 15666 0 36126 0 233614 0 0 0 ERIC LEE ATHLETIC DIRECTOR 172496 0 0 0 0 0 13801 0 33504 0 219801 0 0 0 RACHEL BOYER DIRECTOR OF COLLEGE GUIDANCE 155353 0 0 0 0 0 12951 0 40298 0 208602 0 0 0 MATHIEU FREEMAN US SCIENCE, RESEARCH DIRECTOR 153022 0 0 0 0 0 12610 0 39238 0 204870 0 0 0 BABATOPE AIYEGBO DIRECTOR OF INFORMATION TECHNOLOGY 146896 0 0 0 0 0 12909 0 37680 0 197485 0 0 0 ANN MILLER ADMISSION DIRECTOR 176185 0 0 0 0 0 14598 0 920 0 191703 0 0 0 RAYMOND WEAVER III DIRECTOR OF CAMPUS PLANNING 138587 0 0 0 20000 0 11760 0 2191 0 172538 0 0 0 SUZZANNA TEYAN ASSOCIATE HEAD OF SCHOOL 145677 0 0 0 0 0 12066 0 13385 0 171128 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS PROVIDED WITH A RESIDENCE FOR PERSONAL AND BUSINESS USE. THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS, AND HOST EVENTS OPEN TO FACULTY, STUDENTS, AND CONSTITUENTS ON AVERAGE ONCE A WEEK. THE VALUE OF THE HOUSING IS REPORTED IN SCHEDULE J, PART II, COLUMN (D) AND IS TREATED AS NONTAXABLE. CLEANING SERVICES WERE PROVIDED FOR THE HEAD OF SCHOOL'S RESIDENCE. THIS WAS TREATED AS NONTAXABLE INCOME. 42460 FINANCIAL AID EDUCATION ROGER FERRIS PARTNERS LLC OWNER, ROGER FERRIS, IS A TRUSTEE 1225926 ARCHITECTURAL SERVICES 0 X 17 256632 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER OF DONATIONS OF PUBLICLY TRADED STOCK REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ACADEMY'S FORM 990 IS PREPARED BY THE SCHOOL'S TAX ADVISORS WITH INFORMATION PROVIDED BY MANAGEMENT. UPON REVIEW AND APPROVAL, THE FORM 990 IS REVIEWED WITH AND DISTRIBUTED TO THE HEAD OF SCHOOL, THE BOARD TREASURER & PRESIDENT AND THE CFO BEFORE SUBMITTING TO THE IRS. THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS TO REVIEW THROUGH A SECURE PORTAL. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH TRUSTEE, OFFICER, AND MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE GOVERNING BOARD SHALL SIGN A STATEMENT THAT AFFIRMS: HE OR SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTOOD THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE SCHOOL IS CHARITABLE, AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PERIODIC REVIEWS ARE COMPLETED TO DETERMINE, AT A MINIMUM: WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING, AND WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE SCHOOL'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES, AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT, OR AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL WAS EMPLOYED IN FISCAL 2022 UNDER A 3 YEAR CONTRACT RUNNING FROM JULY 1, 2021 UNTIL JUNE 30, 2024. THE COMPENSATION PACKAGE IN THE AGREEMENT WAS DETERMINED BY THE HEAD OF SCHOOL COMPENSATION COMMITTEE USING COMPARABLE COMPENSATION DATA FROM AREA PEER SCHOOLS AND RESULTS FROM THE ANNUAL HEAD OF SCHOOL PERFORMANCE REVIEW. THE HEAD OF SCHOOL IS EVALUATED ANNUALLY VERSUS GOALS MUTUALLY AGREED BY THE BOARD AND NAIS STANDARDS. THE HEAD OF SCHOOL REVIEWS COMPARABLE PEER DATA AND DETERMINES COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES WITHIN THE OVERALL COMPENSATION PARAMETERS / BUDGET SET BY THE BOARD. THESE COMPENSATION DELIBERATIONS AND DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY MAKES THE FORM 990 AVAILABLE UPON REQUEST AT THE ACADEMY'S PLACE OF BUSINESS. THE ACADEMY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES 134,670.