2023-03-16T19:41:50-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2021-07-01 060646805 THE RECTORY SCHOOL INC RECT 8609287759 528 POMFRET STREET POMFRET CT 06258 TONYA RAYMENT CHIEF FINANCIAL OFFICER 8609287759 2023-03-08 1 TONYA RAYMENT 999009999 JOHN TOSCANO P00358542 8605614000 2023-03-08 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z FREDERICK W WILLIAMS 528 POMFRET STREET POMFRET CT 06258 30519475 0 X WWW.RECTORYSCHOOL.ORG X 1935 CT TO PROVIDE STUDENTS, FROM EARLY CHILDHOOD THROUGH MIDDLE SCHOOL, WITH AN ENRICHED AND SUPPORTIVE ACADEMIC, SOCIAL AND ETHICAL COMMUNITY THAT ADDRESSES INDIVIDUAL LEARNING STYLES, APTITUDES AND NEEDS WHILE PROMOTING PERSONAL SELF-WORTH AND ACCOUNTABILITY. 22 22 167 0 0 0 3225068 11835113 14192644 13834884 1024165 1637435 495877 176961 18937754 27484393 2320839 2159611 0 0 9183473 8898449 0 0 834525 5703313 6054673 17207625 17112733 1730129 10371660 48042903 61030805 11882257 19108656 36160646 41922149 X TO PROVIDE STUDENTS, FROM EARLY CHILDHOOD THROUGH MIDDLE SCHOOL, WITH AN ENRICHED AND SUPPORTIVE ACADEMIC, SOCIAL AND ETHICAL COMMUNITY THAT ADDRESSES INDIVIDUAL LEARNING STYLES, APTITUDES AND NEEDS WHILE PROMOTING PERSONAL SELF-WORTH AND ACCOUNTABILITY. THE SCHOOL COMMUNITY LIVES THE RECTORY SCHOOL CREED: RESPONSIBILITY, RESPECT, HONESTY, AND COMPASSION. 0 0 13230377 2159611 13980271 PROVIDE CO-EDUCATIONAL SERVICES AND SUPPORT TO APPROXIMATELY 220 STUDENTS IN GRADES 5 THROUGH 9 IN AN INDEPENDENT BOARDING AND DAY SCHOOL SETTING. 13230377 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 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 0 0 0 1 35 0 1 167 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X TONYA RAYMENT 8609286025 528 POMFRET STREET POMFRET CT 06258 JO ANN MORELLI SURIANO CHAIR 1.00 X X 0 0 0 WILLIAM T LOOS OUTGOING VICE CHAIR 1.00 X X 0 0 0 ELIZABETH H ZIMMERMANN SECRETARY/VICE CHAIR 1.00 X X 0 0 0 HENRY B EATON SECRETARY 1.00 X X 0 0 0 JAMES H LEACH TREASURER 1.00 X X 0 0 0 JAMES E BELL III TRUSTEE 1.00 X 0 0 0 LISA T CANTER MD TRUSTEE 1.00 X 0 0 0 SHEILA J CLANCY TRUSTEE 1.00 X 0 0 0 DANIEL J DE NUCCIO TRUSTEE 1.00 X 0 0 0 NATHAN FOLLANSBEE TRUSTEE 1.00 X 0 0 0 LAURENCE N HALE II TRUSTEE 1.00 X 0 0 0 NATHANIEL P HAMILTON JR TRUSTEE 1.00 X 0 0 0 KEVIN T LEWIS TRUSTEE 1.00 X 0 0 0 WILLIAM P LOFTUS III TRUSTEE 1.00 X X 0 0 0 LLOYD W MONTGOMERY TRUSTEE 1.00 X 0 0 0 PATRICIA MULCAHY TRUSTEE 1.00 X 0 0 0 DANIELLE REILLY TRUSTEE 1.00 X 0 0 0 NATASHA HARVEY SWANN TRUSTEE 1.00 X 0 0 0 XIN TANG TRUSTEE 1.00 X 0 0 0 KEVIN M TUBRIDY TRUSTEE 1.00 X 0 0 0 JOHNNY LL WELLS TRUSTEE 1.00 X 0 0 0 VAN H WILSHIRE TRUSTEE 1.00 X 0 0 0 FREDERICK W WILLIAMS HEAD OF SCHOOL 50.00 X 248251 0 94355 TONYA RAYMENT CHIEF FINANCIAL OFFICER 50.00 X 152000 0 24586 REBECCA PAGITT-MUNGAI DIRECTOR OF LEARNING SERVICES 40.00 X 106793 0 60796 FREDERICK NAGLE DIRECTOR OF DEVELOPMENT 40.00 X 125088 0 36967 LISA HART DIRECTOR OF ACADEMICS 40.00 X 136024 0 20904 LESLEY GIBBS DIRECTOR OF ADMISSIONS 40.00 X 113644 0 28475 GLENN AMES ASSISTANT HEAD OF SCHOOL/D 40.00 X 111592 0 2203 993392 0 268286 8 0 1 0 FLIK INDEPENDENT SCHOOL DINING PO BOX 417632 BOSTON MA 02241 DINING SERVICES 755703 1 11835113 946476 11835113 TUITION AND FEES 611710 13391634 13391634 AUXILIARY PROGRAMS 611710 443250 443250 13834884 705934 705934 3682480 239364 2977400 12943 705080 226421 931501 931501 62106 44739 17367 17367 FEES, DEPOSITS AND OTHER INCOME 611710 159594 128020 31574 159594 27484393 13980271 0 1669009 2159611 2159611 495707 31715 368846 95146 99248 99248 5898097 4695788 1091643 110666 252122 220281 23184 8657 1691001 1392221 253263 45517 462274 343079 98634 20561 12348 12348 55250 55250 83379 83379 309213 172555 128269 8389 54581 597 52588 1396 171375 2528 156161 12686 297741 253080 44661 1109071 942710 110907 55454 49726 21749 24267 3710 185644 167080 18564 1067369 960632 106737 153355 153355 FOOD SERVICE 922423 922423 SPECIAL EVENTS AND ACTI 391542 39817 10259 341466 EDUCATIONAL SUPPLIES AN 337042 337042 STUDENT SERVICES AND AC 286732 286732 567882 280737 255516 31629 17112733 13230377 3047831 834525 5182614 5861009 1168695 1207257 197648 2961624 121433 4944403 19695 28508 204188 268698 36947438 19683920 16844057 17263518 24304573 28495788 48042903 61030805 1126600 1300419 4509749 11578785 5737372 5609444 508536 620008 11882257 19108656 X 18224493 16024622 17936153 25897527 36160646 41922149 48042903 61030805 X 10371660 -4549397 32705 -93465 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23315767 3508772 -3141994 800000 22882545 19038712 129364 4829498 681807 23315767 19327420 65884 310408 665000 19038712 16789965 2672561 364894 500000 19327420 14497991 1743785 1056189 508000 16789965 0.23932 0.76068 0.00000 0 0 31861585 16995544 14866041 1747457 1304080 443377 3338396 1384296 1954100 17263518 CUSTODIAL LIABILITIES 620008 620008 20671340 -4549397 32705 -2212982 -6729674 27401014 83379 83379 27484393 14909837 40094 40094 14869743 83379 2159611 2242990 17112733 PART V, LINE 4: EARNINGS FROM THE SCHOOL'S ENDOWMENT FUNDS ARE UTILIZED TO SATISFY DONOR RESTRICTIONS ON THE USE OF THE EARNINGS, IF ANY, AND TO SUPPORT THE SCHOOL'S OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -2,159,611. COST OF GOODS SOLD 44,739. CHANGE IN VALUE OF INTEREST RATE SWAP 53,819. LOSS ON BOND REFUNDING -147,284. CAMPAIGN EXPENSES -4,645. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 44,739. CAMPAIGN EXPENSES -4,645. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,159,611. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 STATEMENT OF NON-DISCRIMINATORY POLICY IS PUBLISHED IN LOCAL AND REGIONAL NEWSPAPERS AS WELL AS ON THE SCHOOL'S WEBSITE. 1 FINANCIAL AID 102 2159611 FMV FINANCIAL AID PART I, LINE 2: FINANCIAL AID IS GRANTED TO FAMILIES ON A NEED BASIS. APPLICATION FORMS MUST BE FILED WITH THE SCHOOL SCHOLARSHIP SERVICE OF PRINCETON, NEW JERSEY. X X X 1 0 X X X X 0 0 0 0 0 0 0 1 0 FREDERICK W WILLIAMS HEAD OF SCHOOL 247219 0 0 0 1032 0 5076 0 89279 0 342606 0 0 0 TONYA RAYMENT CHIEF FINANCIAL OFFICER 151162 0 406 0 432 0 3077 0 21509 0 176586 0 0 0 REBECCA PAGITT-MUNGAI DIRECTOR OF LEARNING SERVICES 106043 0 433 0 317 0 2289 0 58507 0 167589 0 0 0 FREDERICK NAGLE DIRECTOR OF DEVELOPMENT 124274 0 433 0 381 0 2621 0 34346 0 162055 0 0 0 LISA HART DIRECTOR OF ACADEMICS 130219 0 433 0 5372 0 2604 0 18300 0 156928 0 0 0 PART I, LINE 1A THE HEAD AND HEAD'S FAMILY MUST RESIDE IN THE HEAD OF SCHOOL'S RESIDENCE IN ORDER FOR THE HEAD TO EFFECTIVELY PERFORM PRESCRIBED DUTIES, INCLUDING, BUT NOT LIMITED TO, PROVIDING STUDENTS AND TEACHERS OFF HOURS WITH ACCESS TO LOCKED BUILDINGS AND OTHER CAMPUS VENUES WHEN NECESSARY, PROVIDING CAMPUS OVERSIGHT DURING EVENINGS AND WEEKENDS AND VACATIONS, AND PROVIDING COVENIENT ADMINISTRATIVE PRESENCE AT SCHOOL EVENTS. THE HEAD'S OCCUPATION OF THIS RESIDENCE IS A CONDITION OF HIS EMPLOYMENT BY THE SCHOOL AND IS FOR THE CONVENIENCE OF THE SCHOOL. AS A REPRESENTATIVE OF THE SCHOOL, THE HEAD USES SAID HOUSE FOR MEETINGS OF DONORS, STUDENTS, TEACHERS, STAFF MEMBERS, ALUMNI, VISITING TEACHERS, SCHOLARS, TRUSTEES, AND SPEAKERS, AND FOR SUCH OTHER SCHOOL FUNCTIONS AND AFFAIRS AS SHALL BE APPROPRIATE FOR THE BEST INTEREST AND DEVELOPMENT OF THE SCHOOL. PART I, LINE 7 THE LISTED EMPLOYEES RECEIVED DISCRETIONNARY BONUSES BASED ON CERTAIN PERFORMANCE MEASURES DETERMINED AND APPROVED BY THE HEAD OF SCHOOL. A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2021-12-17 10000000 REFUNDING OF SERIES B BONDS AND FOR CONSTRUCTION COSTS 0 0 0 A 67180 5918000 199272 5800368 4000360 1 0 1 1 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, SCHEDULE K, PART II, LINE 3 THE SERIES C ISSUE IS COMPRISED OF A SERIES C-1, THE PROCEEDS FROM WHICH WERE USED TO REFUND THE SERIES B BONDS AND PAY CERTAIN ISSUANCE COSTS, AND SERIES C-2, THE PROCEEDS FROM WHICH WILL BE USED FOR CONSTRUCTION COSTS. THE DIFFERENCE BETWEEN THE TOTAL ISSUE PRICE OF $10,000,000 AND THE TOTAL PROCEEDS REPORTED ON LINE 3 REPRESENTS THE PORTION OF THE SERIES C-2 BOND PROCEEDS WHICH HAS NOT YET BEEN DRAWN DOWN UPON AS OF JUNE 30, 2022.. MARCIA WILLIAMS SPOUSE OF HEAD OF SCHOOL 99248 COMPENSATION FOR EMPLOYMENT AS DATABASE ADMINISTRATOR & TECHNOLOGY SUPPORT 0 X 10 946476 FAIR VALUE 0 0 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN PART I COLUMN (B) REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE PRIOR TO BEING PRESENTED TO THE FULL BOARD FOR ITS REVIEW AND APPROVAL. THE APPROPRIATE OFFICER OF THE SCHOOL IS INFORMED OF THE APPROVAL AND THE FORM IS FILED ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C THE IDENTIFICATION AND SUCCESSFUL RESOLUTION OF CONFLICTS AND POTENTIAL CONFLICTS DEPENDS ON COMPLETE AND TIMELY DISCLOSURE. DISCLOSURE WILL OCCUR THROUGH AN ANNUAL WRITTEN STATEMENT AND THE NOTIFICATION TO THE BOARD CHAIR OF OTHER ACTUAL OR POTENTIAL CONFLICTS, AS THEY ARISE. ALL FINANCIAL AND MATERIAL FACTS RELATING TO POTENTIAL CONFLICT OF INTERESTS SHALL BE DISCLOSED. ANNUALLY, EACH BOARD AND COMMITTEE MEMBER SHALL SIGN AND FILE A DISCLOSURE STATEMENT THAT SHALL BE KEPT WITH THE RECORDS OF THE BOARD. PRIOR TO APPOINTMENT, ALL FUTURE BOARD AND COMMITTEE MEMBERS SHALL DO LIKEWISE. SIGNING OF A DISCLOSURE STATEMENT ACKNOWLEDGES THAT A PERSON HAS RECEIVED, READ AND UNDERSTANDS, AND COMPLIES WITH THE POLICY AS IT RELATES TO MEMBERSHIP ON AND ACTIONS OF THE BOARD AND COMMITTEES. DISCLOSURE STATEMENTS SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE WHICH SHALL RECOMMEND ACTION BY THE BOARD, IF NECESSARY. WHENEVER A POTENTIAL CONFLICT ARISES THAT HAS NOT BEEN IDENTIFIED ON A DISCLOSURE FORM, IT SHALL BE DISCLOSED TO THE CHAIR OF TO THE EXECUTIVE COMMITTEE IN A TIMELY FASHION, AND MADE A PART OF THE RECORD OF THE BOARD. WHENEVER NECESSARY, THE BOARD SHALL TAKE APPROPRIATE ACTION WITH RESPECT TO PERSONS WHO ARE IN VIOLATION OF THIS POLICY. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER OF THE BOARD OR A COMMITTEE HAS FAILED TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS, EITHER IN WRITING OR, AT A LATER DATE, TO THE CHAIR, IT SHALL INFORM THE PERSON OF ITS BELIEF AND AFFORD THE PERSON AN OPPORTUNITY TO PROVIDE AN EXPLANATION. IF, AFTER HEARING THE EXPLANATION OF THE PERSON AND MAKING FURTHER INVESTIGATION DEEMED NECESSARY UNDER THE CIRCUMSTANCES, IT IS DECIDED THAT THE PERSON FAILED TO DISCLOSE IN A PROPER FASHION THE ACTUAL OR POTENTIAL CONFLICT, THE BOARD SHALL TAKE APPROPRIATE CORRECTIVE OR DISCIPLINARY ACTION. THE BOARD, THROUGH ITS EXECUTIVE COMMITTEE, SHALL UNDERTAKE PERIODIC REVIEWS TO DETERMINE COMPLIANCE WITH THIS POLICY. IT SHALL REPORT ITS FINDINGS TO THE FULL BOARD AND INCLUDE RECOMMENDATIONS FOR REVISION, WHERE NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL'S EXECUTIVE COMMITTEE REVIEWS THE SALARY AND BENEFITS OF THE HEAD OF SCHOOL IN COMPARISON TO THE SALARIES OF THE HEADS OF SCHOOLS OF SIMILAR SIZE. THE HEAD OF SCHOOL'S CONTRACT IS PRESENTED TO THE BOARD FOR OVERALL APPROVAL. THE HEAD OF SCHOOL AND THE EXECUTIVE COMMITTEE REVIEW THE SALARY OF THE CHIEF FINANCIAL OFFICER IN COMPARISON TO THE SALARIES OF INDIVIDUALS IN SIMILAR POSITIONS AT PEER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON BOND REFINANCING -147,284. CHANGE IN VALUE OF SWAP AGREEMENT 53,819. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.