2023-02-10T09:19:46-06:00 2022-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2021-07-01 060646786 MISS PORTER'S SCHOOL INC MISS 8604093500 60 MAIN STREET FARMINGTON CT 060322232 MICHAEL J BERGIN CFO/COO 8604093500 2023-02-06 1 MICHAEL BERGIN 999009999 JOHN TOSCANO P00358542 8605614000 2023-02-06 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z KATHERINE G WINDSOR 60 MAIN STREET FARMINGTON CT 060322232 94556970 0 X WWW.PORTERS.ORG X 1943 CT MISS PORTER'S SCHOOL EXCELS AT PREPARING YOUNG WOMEN FOR COLLEGE, FOR LEADERSHIP, AND FOR LIFE. OUR ATTENTIVE, DIVERSE BOARDING AND DAY COMMUNITY PROVIDES A DEMANDING CURRICULUM - ACADEMIC, ARTISTIC, ATHLETIC AND RESIDENTIAL. WE CHALLENGE OUR STUDENTS TO BECOME INFORMED, BOLD, RESOURCEFUL AND ETHICAL GLOBAL CITIZENS. WE EXPECT OUR GRADUATES TO SHAPE A CHANGING WORLD. 25 23 232 323 152123 0 10992709 6450238 19764125 21368548 5060584 15380361 306459 435718 36123877 43634865 4722594 4833313 0 0 15538741 14683548 0 0 3050098 11645591 13295463 31906926 32812324 4216951 10822541 239110560 215294054 29046177 31305326 210064383 183988728 MISS PORTER'S SCHOOL EDUCATES YOUNG WOMEN TO BECOME INFORMED, BOLD, RESOURCEFUL AND ETHICAL GLOBAL CITIZENS. WE EXPECT OUR GRADUATES TO SHAPE A CHANGING WORLD. 0 0 23705594 4833313 21364982 INDEPENDENT SECONDARY SCHOOL WITH 222 BOARDERS AND 116 DAY STUDENTS, 33 SUMMER PROGRAM PARTICIPANTS AND 37 PORTER'S GLOBAL SUMMER ONLINE STUDENTS 23705594 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 105 0 1 232 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 25 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X MICHAEL J BERGIN 8604093500 60 MAIN STREET FARMINGTON CT 060322232 KATHERINE G WINDSOR HEAD OF SCHOOL 40.00 X X 1257071 0 339695 NANCY SIMPKINS CHAIR OF THE BOARD 5.00 X X 0 0 0 SARAH KLISH LIU VICE CHAIR OF THE BOARD 5.00 X X 0 0 0 AMANI REED SECRETARY 5.00 X X 0 0 0 CLAIRE THEOBALD TREASURER 5.00 X X 0 0 0 DR KIMBERLY BOWERS CAPRIO INDIVIDUAL TRUSTEE 1.00 X 0 0 0 ROBIN DIAMONTE INDIVIDUAL TRUSTEE 2.00 X 0 0 0 MISHONE DONELSON INDIVIDUAL TRUSTEE 1.00 X 0 0 0 CLOVER DRINKWATER INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ILONA RAND DOTSON INDIVIDUAL TRUSTEE 1.00 X 0 0 0 ALTHEA BEATON DUCARD INDIVIDUAL TRUSTEE 3.00 X 0 0 0 ELIZABETH GORMAN INDIVIDUAL TRUSTEE 1.00 X 0 0 0 DIANA HOBSON INDIVIDUAL TRUSTEE 1.00 X 0 0 0 SHARIFAH HOLDER INDIVIDUAL TRUSTEE 1.00 X 0 0 0 MAUREEN HUNTER INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ALISON KEATING INDIVIDUAL TRUSTEE 1.00 X 0 0 0 LISA KUNSTADTER INDIVIDUAL TRUSTEE 3.00 X 0 0 0 CAMERON LANPHIER INDIVIDUAL TRUSTEE 1.00 X 0 0 0 MARTIN NANCE INDIVIDUAL TRUSTEE 1.00 X 0 0 0 ELIZABETH DENNY ONEGLIA INDIVIDUAL TRUSTEE 3.00 X 0 0 0 MARTHA POMERANTZ INDIVIDUAL TRUSTEE 3.00 X 0 0 0 TIA SILAS INDIVIDUAL TRUSTEE 1.00 X 0 0 0 PRAPAVADEE SOPHONPANICH INDIVIDUAL TRUSTEE 1.00 X 0 0 0 LISA TOWNSON INDIVIDUAL TRUSTEE 3.00 X 0 0 0 JANET WILLIAMSON INDIVIDUAL TRUSTEE 2.00 X 0 0 0 MICHAEL J BERGIN CFO/COO 40.00 X 406612 0 104167 CHRISTINE PINA CHIEF ADVANCEMENT OFFICER 40.00 X 314341 0 75199 ELIZABETH SCHMITT CHIEF ENROLLMENT AND STUDE 40.00 X 175286 0 92613 TIMOTHY QUINN CHIEF ACADEMIC OFFICER AND 40.00 X 156418 0 83321 CHRISTINA DIEGUEZ-KUO CAMPAIGN DIRECTOR 40.00 X 148749 0 15439 DIANE JOHNSON CHIEF COMMUNICATIONS AND PUBLIC HEALTH OFFICER 40.00 X 146597 0 45009 2605074 0 755443 10 0 1 0 O & G INDUSTRIES INC 112 WALL STREET TORRINGTON CT 06790 CONSTRUCTION 9424014 BROCK AND COMPANY INC 257 GREAT VALLEY PARKWAY MALVERN PA 19355 FOOD SERVICES 1367141 CONSTRUX CO LLC PO BOX 341229 HARTFORD CT 06134 CONSTRUCTION 1037530 MIZZY CONSTRUCTION INC 463 EAST MAIN STREET PLAINVILLE CT 06062 CONSTRUCTION 938970 AIR TEMP MECHANICAL SERVICES INC 360 CAPTAIN LEWIS DR SOUTHINGTON CT 06489 HVAC 812874 20 6450238 1063459 6450238 TUITION & FEES 611110 21186225 21186225 PROGRAM SUPPORTING REVENUES 611110 133814 133814 AUXILIARY INCOME 611110 48509 48509 21368548 3405967 22079 3383888 120016 0 120016 120016 112961 7055 62834384 50635336 224654 12199048 -224654 11974394 17083 11957311 58549 62115 -3566 -3566 DAY CARE INCOME 624410 319268 319268 319268 43634865 21364982 152123 15667522 4833313 4833313 1732528 358855 829215 544458 9133055 5896833 1677217 1559005 846200 525391 163409 157400 2295110 1227089 803987 264034 676655 390502 154848 131305 21908 2191 17526 2191 86000 8600 68800 8600 469254 469254 4069506 3416917 474134 178455 26288 10652 12052 3584 1337120 985884 267672 83564 205125 95481 85518 24126 1250370 1075318 175052 493596 442676 36717 14203 75742 52546 14161 9035 687783 581938 105845 3640292 3167054 473238 322041 280176 41865 DEPARTMENTAL EVENTS AND 473413 296759 132261 44393 MEMBERSHIP DUES 102209 48524 30808 22877 ALL OTHER EXPENSES 31282 5468 22946 2868 ROF EXPENSES 3534 3427 107 32812324 23705594 6056632 3050098 808284 517493 6012240 8503610 3438682 2462811 751241 10217 182629 180669 94904 89917 774373 1145011 109347840 50718287 55406482 58629553 68635344 58288408 102234269 82913581 772112 2552784 239110560 215294054 2239135 2183599 3903630 4105101 22387999 24522696 47882 48165 467531 445765 29046177 31305326 X 58938036 62189285 151126347 121799443 210064383 183988728 239110560 215294054 X 10822541 -38509794 1611598 X X 0 1 X 1 0 X 4981433 9004108 6665661 10992709 6450238 38094149 4981433 9004108 6665661 10992709 6450238 38094149 9390605 28703544 726539 2383907 1387776 1327938 3390943 9217103 140341 170622 136858 44790 152123 644734 294650 320153 243838 283120 319268 1461029 49417015 98325146 0.58080 0.60310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: DAYCARE CENTER - 2017 AMOUNT: $ 284,035. 2018 AMOUNT: $ 320,153. 2019 AMOUNT: $ 243,838. 2020 AMOUNT: $ 283,120. 2021 AMOUNT: $ 319,268. FUNDRAISING PROCEEDS - 2017 AMOUNT: $ 10,615. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 170952078 1577252 -23386760 1060994 5809800 142271776 133438654 525132 43430587 1204099 5238196 170952078 129307370 889724 9519282 1297183 4980539 133438654 123778495 4184297 7376024 986443 5045003 129307370 114889758 2273869 12547145 964728 4967549 123778495 0.16120 0.83880 0.00000 0 0 2127857 2127857 85588895 38691534 46897361 12764162 9300332 3463830 8866926 2726421 6140505 58629553 LARGE CAP EQUITY FUNDS 18334314 F INTERNATIONAL EQUITY FUNDS 6837651 F FUND OF FUNDS 23136570 F PRIVATE EQUITY 27062249 F PRIVATE CREDIT 3504632 F REAL ASSETS 334945 F REAL ESTATE - OPEN ENDED 3703220 F 82913581 STUDENT ACTIVITY FUNDS 72044 ANNUITIES PAYABLE 373721 445765 X 1496217 -38509794 -3159600 -41669394 43165611 469254 469254 43634865 27571872 62115 62115 27509757 469254 4833313 5302567 32812324 PART IV, LINE 2B: SECURITY DEPOSITS FOR HOUSING ARE HELD IN AN ESCROW ACCOUNT. PART V, LINE 4: INCOME FROM ENDOWMENT FUNDS IS DRAWN IN ACCORDANCE WITH THE SCHOOL'S SPENDING POLICY AND USED IN ACCORDANCE WITH DONOR - IMPOSED STIPULATIONS OR, IN THE ABSENCE THEREOF, TO SUPPORT THE SCHOOL'S GENERAL OPERATING EXPENSES, INCLUDING SALARIES, FINANCIAL AID AND FACILITIES MAINTENANCE. PART X, LINE 2: THE SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2022 AND 2021. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2019 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE SCHOOL HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -4,833,313. COST OF SALES 62,115. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -87,331. CHANGE IN VALUE OF INTEREST RATE SWAP 1,780,672. PROVISION FOR UNCOLLECTIBLE PLEDGES -81,743. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 62,115. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,833,313. 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'S STATEMENT ON NONDISCRIMINATION IS PUBLISHED YEAR-ROUND ON THE SCHOOL'S WEBSITE. ALL PRINT ADVERTISEMENTS INCLUDE AN ABRIDGED VERSION OF THIS POLICY. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 36436000 0 0 0 0 0 0 36436000 0 36436000 1 0 0 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 3(D) INVESTMENTS INCLUDED IN THIS SECTION RELATE TO INVESTMENT HOLDINGS INCLUDED IN THE SCHOOL'S ENDOWMENT PORTFOLIO. 1 SCHOLARSHIPS FOR STUDENTS ATTENDING MPS 159 4760208 FMV REDUCTION IN TUITION MEDICAL INSURANCE PREMIUMS AND EXPENSES 3 8130 FMV CASH ASSISTANCE AND SCHOOL EXPENSES 61 64975 FMV PART I, LINE 2: FINANCIAL AID IS DETERMINED THROUGH THE ANALYSIS OF A FAMILY'S FINANCIAL RESOURCES, INCLUDING INCOME AND ASSETS. TO DETERMINE AWARDS, THE FINANCIAL AID COMMITTEE EVALUATES FINANCIAL INFORMATION AND STRIVES TO MAKE FAIR AND OBJECTIVE FINANCIAL AID DECISIONS BASED ON THE NEEDS ANALYSIS CALCULATED BY THE SCHOOL AND STUDENT SERVICES SYSTEM (SSS) FOR FINANCIAL ASSISTANCE, A SERVICE OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. SSS PROVIDES PORTER'S WITH A REPORT OF FAMILY CONTRIBUTION WHICH IS USED AS A GUIDE. HOWEVER, THE SCHOOL COMPLETES AN INDEPENDENT CALCULATION FOR EVERY APPLICATION. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 KATHERINE G WINDSOR HEAD OF SCHOOL 633357 0 0 0 623714 0 265250 0 74445 0 1596766 0 0 0 MICHAEL J BERGIN CFO/COO 316692 0 0 0 89920 0 36360 0 67807 0 510779 0 0 0 CHRISTINE PINA CHIEF ADVANCEMENT OFFICER 314341 0 0 0 0 0 36360 0 38839 0 389540 0 0 0 ELIZABETH SCHMITT CHIEF ENROLLMENT AND STUDE 175286 0 0 0 0 0 20299 0 72314 0 267899 0 0 0 TIMOTHY QUINN CHIEF ACADEMIC OFFICER AND 139661 0 1000 0 15757 0 15268 0 68053 0 239739 0 0 0 DIANE JOHNSON CHIEF COMMUNICATIONS AND PUBLIC HEAL 146597 0 0 0 0 0 15726 0 29283 0 191606 0 0 0 CHRISTINA DIEGUEZ-KUO CAMPAIGN DIRECTOR 148749 0 0 0 0 0 15172 0 267 0 164188 0 0 0 PART I, LINE 1A GROSS-UP IS PROVIDED FOR EDUCATION BENEFITS, CERTAIN EMPLOYEES ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. PART OF EMPLOYEE CONTRACT INCLUDES MEMBERSHIP TO A COUNTRY CLUB, HOUSECLEANING SERVICES. PART I, LINE 4B THE HEAD OF SCHOOL PARTICIPATES IN A 457(F) PLAN. PART I, LINE 7 EMPLOYEES RECEIVE BONUSES AT THE DISCRETION OF THE HEAD OF SCHOOL. A ST CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060646786 2020-07-15 43748428 REFUND 8-18-15 BOND ISSUE AND PROCEEDS FOR CONSTRUCTION AND RENOVATIONS 0 0 0 A 716043 43748428 566665 8994995 16772631 17980802 2021 0 1 0 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 A 1 SCHEDULE K, PART IV, LINE 2C THERE IS NO ARBITRAGE KATHERINE G WINDSOR HEAD OF SCHOOL PART OF COMPENSATION PACKAGE X 180000 180000 0 1 1 KATHERINE G WINDSOR HEAD OF SCHOOL COMPUTER X 2046 426 0 0 1 MICHAEL J BERGIN CFO COMPUTER X 1458 243 0 0 1 180669 15000 SCHOLARSHIP SCHOLARSHIP SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: NAME OF PERSON: MICHAEL J. BERGINCOMPUTER LOAN WAS ENTERED INTO IN ACCORDANCE WITH THE SCHOOL'S POLICY AS OUTLINED IN THE EMPLOYEE HANDBOOK AS SUCH, BOARD APPROVAL WAS NOT NEEDED. X 35 1063459 FMV 0 1 0 FORM 990, SCHEDULE M, PART I, COLUMM (B) ALL AMOUNTS INCLUDED IN COLUMN (B) REPRESENT THE NUMBER OF DONORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE SCHOOL'S INDEPENDENT AUDIT FIRM WITH EXTENSIVE REVIEW FROM INTERNAL BUSINESS OFFICE STAFF AND SENIOR MANAGEMENT. ONCE EDITS ARE MADE, IT IS REVIEWED BY THE AUDIT AND RISK COMMITTEE OF THE BOARD, PER THE AUDIT AND RISK COMMITTEE'S CHARTER. ALL TRUSTEES ARE PROVIDED COPIES FOR FINAL REVIEW PRIOR TO FILING. FOR THE FISCAL YEAR ENDED JUNE 30, 2022, THE BOARD RECEIVED A FULL COPY OF THE FORM 990 AND RELATED SCHEDULES, EXCLUDING SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ASSISTANT TO THE HEAD OF SCHOOL DISTRIBUTES THE CONFLICT OF INTEREST POLICY TO EACH TRUSTEE AND KEY EMPLOYEE IN ADVANCE OF THE OCTOBER TRUSTEE MEETING. THE SIGNED POLICIES ARE REVIEWED BY THE ASSOCIATE CONTROLLER AND ANY CONFLICTS ARE PRESENTED TO THE AUDIT AND RISK COMMITTEE CHAIR FOR FOLLOW UP. COMPLETED FORMS ARE FILED IN THE BUSINESS OFFICE. DURING COMMITTEE MEETINGS, TRUSTEES MUST ANNOUNCE IF A CONFLICT ARISES REGARDING THE SUBJECT BEING DISCUSSED. THE TRUSTEE CAN DESCRIBE THE CONFLICT AND CHOOSE TO RECUSE THEMSELVES FROM FURTHER CONVERSATION AND VOTING ON THE SUBJECT MATTER. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT THREE PERSON COMMITTEE OF THE BOARD HAS BEEN FORMED TO ESTABLISH AND PROVIDE OVERSIGHT AROUND THE HEAD OF SCHOOL'S COMPENSATION AND BENEFITS. THIS COMMITTEE INCLUDES THE CHAIR OF THE BOARD AND TWO OTHER TRUSTEES, WHICH IN THIS REPORTING YEAR WERE THE TREASURER AND VICE CHAIR OF THE BOARD. THE COMMITTEE'S RECOMMENDATIONS REGARDING THE HEAD OF SCHOOL'S COMPENSATION AND BENEFITS ARE SUBJECT TO APPROVAL BY THE EXECUTIVE COMMITTEE AND/OR THE FULL BOARD. THE COMMITTEE UTILIZES COMPARATIVE COMPENSATION DATA REGARDING PEER SCHOOLS, INCLUDING DATA FROM THE FORTY MEMBERS OF THE ASSOCIATION OF BUSINESS OFFICERS OF PREPARATORY SCHOOLS (ABOPS), WITH A PARTICULAR EMPHASIS ON A SUBSET OF PEER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THE SCHOOL'S GOVERNING DOCUMENTS, ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE BUSINESS OFFICE OVERSEES THE DISTRIBUTION OF REQUESTED DOCUMENTS. FORM 990, PART XI, LINE 9: CHANGE IN VALUATION OF SPLIT-INTEREST AGREEMENTS -87,331. PROVISION FOR UNCOLLECTIBLE PLEDGES -81,743. CHANGE IN SWAP VALUE 1,780,672. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES TO THE SCHOOL'S OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR 78 GARDEN STREET LLC 60 MAIN STREET FARMINGTON CT 06032 FACULTY HOUSING CT 345716 MISS PORTER'S SCHOOL INC 2 MILL LANE LLC 60 MAIN STREET FARMINGTON CT 06032 FACULTY HOUSING CT 848569 MISS PORTER'S SCHOOL INC CHARITABLE REMAINDER TRUSTS (6) TRUST CT T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0