2024-05-07T11:09:46-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2022-07-01 060646566 CANTERBURY SCHOOL INC CANT 8602103800 101 ASPETUCK AVENUE NEW MILFORD CT 06776 STEPHEN CARLETON CHIEF FINANCIAL OFFICER 8602103800 2024-05-02 1 STEPHEN CARLETON 999009999 0 LAURA J KENNEY P00202198 6177170831 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RACHEL STONE 101 ASPETUCK AVENUE NEW MILFORD CT 06776 29381761 0 X WWW.CBURY.ORG X 1915 CT EDUCATIONAL ORGANIZATION 20 20 203 250 171479 0 5598580 5743226 19792902 21265252 1149634 710830 435301 507124 26976417 28226432 5507511 5376615 0 0 11111454 12191120 0 41736 1657835 9571634 10252146 26190599 27861617 785818 364815 95644179 98249171 22397269 22207768 73246910 76041403 CANTERBURY IS A COLLEGE PREPARATORY, COEDUCATIONAL BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES 9-12. 0 0 20780384 5376615 21265252 INSTRUCTION OF APPROXIMATELY 335 STUDENTS IN GRADES 9-12, INCLUDING STUDENT SERVICES RELATED TO EDUCATION PROGRAMS, LODGING AND MEALS. 20780384 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 79 0 1 203 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 20 1 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 CANTERBURY SCHOOL 101 ASPETUCK AVE NEW MILFORD CT 06776 ROBERT H STEERS PRESIDENT 1.00 X X 0 0 0 JOHN A DONOVAN VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL R CARRETTA SECRETARY (THRU 05/2023) 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 CAROL LOVELL CARMODY TRUSTEE 1.00 X 0 0 0 KAREN B CASEY TRUSTEE (THRU 05/2023) 1.00 X 0 0 0 HAROLD T CLARK III TRUSTEE 1.00 X 0 0 0 MATTHEW P DWYER JR TRUSTEE 1.00 X 0 0 0 DOUGLAS FAMIGLETTI 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 ANNA FLIK 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 MARY COLEMAN LYNN TRUSTEE 1.00 X 0 0 0 NANCY MULHEREN TRUSTEE 1.00 X 0 0 0 H NICHOLAS RAGLAND JR TRUSTEE 1.00 X 0 0 0 NICOLE D'AMOUR SCHNEIDER TRUSTEE 1.00 X 0 0 0 LAUREN J STEERS TRUSTEE 1.00 X 0 0 0 PETER J TUCKER TRUSTEE (THRU 05/2023) 1.00 X 0 0 0 NELL WILLIAMS TRUSTEE 1.00 X 0 0 0 RACHEL STONE HEAD OF SCHOOL/TREASURER 40.00 X 344437 0 224272 PETER COTIER ASSOC HEAD OF SCHOOL/ASST 40.00 X 144018 0 64909 STEPHEN CARLETON CHIEF FINANCIAL OFFICER 40.00 X 190797 0 36478 RICHARD HENDERSON CHIEF ADVANCEMENT OFFICER 40.00 X 179899 0 83916 JOHN MOYLAN DIRECTOR OF FACILITIES 40.00 X 122245 0 32555 SUSAN ROBERTS ASSOC HEAD OF SCHOOL FOR ACADEMICS 40.00 X 111189 0 113907 MATTHEW GLASER DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 120180 0 31679 JAMES STONE DIRECTOR OF ATHLETICS 40.00 X 120134 0 7813 1332899 0 595529 11 0 1 0 BURLINGTON CONSTRUCTION CO INC 450 NEW LITCHFIELD ST TORRINGTON CT 06790 CONSTRUCTION 2087214 JC MERRITT INC 387 LITCHFIELD RD SUIT B NEW MILFORD CT 06776 CONSTRUCTION 369954 B&D CONTROLLED AIR CORPORATION 180 SUNNY VALLEY RD 13 NEW MILFORD CT 06776 MAINTENANCE SERVICES 167489 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY 165488 RICHARD GILES 161 PAPER MILL RD NEW MILFORD CT 06776 PHOTOGRAPHY SERVICES 103438 5 5743226 126101 5743226 TUITION 611710 20940979 20940979 MISC STUDENT CHARGES 611710 312940 312940 STUDENT SERVICES 611710 11333 11333 21265252 779835 13179 766656 129689 0 129689 129689 129689 918635 913408 74232 5227 -74232 -69005 -69005 267105 167689 99416 99416 POOL RINK, FIELD HOUSE 713940 158300 158300 MISCELLANEOUS REVENUE 713940 119719 119719 278019 28226432 21265252 171479 1046475 5376615 5376615 1038585 126006 832763 79816 128865 128865 8221455 5832774 1723643 665038 2142863 1766763 257171 118929 659352 453888 160268 45196 66502 66502 73328 73328 41736 41736 210306 210306 228885 64565 164320 161518 161518 363708 160826 112493 90389 437993 273669 78483 85841 1061372 947560 66535 47277 338795 126961 136127 75707 126567 50950 53575 22042 513196 461876 51320 2965967 2521072 296597 148298 424064 424064 PLANT COSTS 988633 749434 235879 3320 FOOD SERVICE COSTS 816993 816993 SPECIAL EVENTS 279470 108125 171345 1194849 813442 318506 62901 27861617 20780384 5423398 1657835 5951675 7801295 763294 1918114 1271107 283676 108120 115173 572132 738632 91162513 44521147 46604058 46641366 20716574 21810890 19657219 18915542 0 24483 95644179 98249171 1308436 1530921 2140550 2605721 18272830 17530702 221353 211284 39170 414930 329140 22397269 22207768 X 38515832 39651952 34731078 36389451 73246910 76041403 95644179 98249171 364815 2429678 0 X 0 1 X 1 0 X 9974619 7969953 7213537 5598580 5743226 36499915 9974619 7969953 7213537 5598580 5743226 36499915 12253857 24246058 595024 742326 627901 1237603 909524 4112378 55150 50153 5093 110396 40722689 78918657 0.59540 0.55410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37933441 1243863 3109400 877614 958526 233163 40217401 37695267 3409438 -1218736 826019 894088 232421 37933441 31432533 1085741 6974548 739724 855867 201964 37695267 30735586 1610891 262463 477206 522794 176407 31432533 31124377 967002 1178491 755213 1594787 184284 30735586 0.20786 0.74900 0.04314 0 0 1400733 1400733 72389080 39386519 33002561 4325743 3449608 876135 13046957 1685020 11361937 46641366 HEDGE FUND 17954466 F SPLIT-INTEREST AGREEMENTS 961076 F 18915542 LIABILITY UNDER SPLIT INTEREST AGREEMENTS 329140 329140 25008826 2429678 89037 2518715 22490111 210306 5526015 5736321 28226432 22214333 89037 89037 22125296 210306 5526015 5736321 27861617 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. 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 89,037. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,376,615. UNCOLLECTABLE PLEDGES 149,400. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 89,037. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,376,615. UNCOLLECTABLE PLEDGES 149,400. 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. 1 SHAFF FUNDRAISING GROUP LLC 2 ALABAMA CT TOWSON MD 21204 ANNUAL FUND CONSULTANT 0 0 36894 0 36894 1 FINANCIAL AID FOR TUITION 181 5376615 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 1 1 X X X 0 1 0 0 0 0 0 0 0 RACHEL STONE HEAD OF SCHOOL/TREASURER 344437 0 0 0 0 0 45666 0 178606 0 568709 0 0 0 RICHARD HENDERSON CHIEF ADVANCEMENT OFFICER 179899 0 0 0 0 0 10794 0 73122 0 263815 0 0 0 STEPHEN CARLETON CHIEF FINANCIAL OFFICER 190797 0 0 0 0 0 19080 0 17398 0 227275 0 0 0 SUSAN ROBERTS ASSOC HEAD OF SCHOOL FOR ACADEMICS 111189 0 0 0 0 0 11119 0 102788 0 225096 0 0 0 PETER COTIER ASSOC HEAD OF SCHOOL/ASST 144018 0 0 0 0 0 14402 0 50507 0 208927 0 0 0 JOHN MOYLAN DIRECTOR OF FACILITIES 122245 0 0 0 0 0 7335 0 25220 0 154800 0 0 0 MATTHEW GLASER DIRECTOR OF INFORMATION TECHNOLOGY 120180 0 0 0 0 0 7211 0 24468 0 151859 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. THE CLUB WAS USED SOLELY FOR SCHOOL BUSINESS PURPOSES IN FISCAL YEAR ENDED JUNE 30, 2023. DUES WERE NOT TREATED AS TAXABLE INCOME. PART I, LINE 4B THE SCHOOL HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN DESIGNED TO PROVIDE BENEFITS TO THE HEAD OF SCHOOL. THERE WAS A $25,000 CONTRIBUTION MADE TO THE PLAN DURING THE YEAR. A CHEFA 060806186 2020-01-30 19122000 PRIMARILY REFINANCING OF SERIES C AND D BOND ISSUANCES ALONG W/ NEW PROJECTS 0 0 0 A 1494210 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 JAMES STONE SPOUSE OF HEAD OF SCHOOL 128865 EMPLOYMENT 0 X 14 126101 FMV 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 2 TRUSTEES ROBERT STEERS AND LAUREN STEERS ARE MARRIED AND HAVE A FAMILY RELATIONSHIP. 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 COMPENSATION FOR THE HEAD OF SCHOOL WAS ORIGINALLY SET BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WITH INPUT FROM AN OUTSIDE PLACEMENT CONSULTANT, COMPARABLE DATA FROM OTHER SCHOOLS OF SIMILAR SIZE AND A SURVEY OF MARKET CONDITIONS. THE BOARD OF TRUSTEES COMPENSATION COMMITTEE REVIEWS CURRENT DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND OTHER INFORMATION AND ADJUSTS THE HEAD OF SCHOOL'S COMPENSATION PACKAGE ANNUALLY. THE COMPENSATION DELIBERATIONS AND DECISIONS ARE DOCUMENTED. THE PROCESS WAS LAST UNDERTAKEN IN MAY 2023. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. CHARITABLE REMAINDER TRUSTS (5) 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