2025-05-13T09:29:49-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2023-07-01 060646961 WESTOVER SCHOOL INC WEST 2037582423 1237 WHITTEMORE ROAD MIDDLEBURY CT 06762 PHIL SALMON CFOO 2037582423 2025-05-12 1 1 JOHN TOSCANO P00358542 8605614000 2025-05-07 2023 2025-03-06 01:10:19Z POLLY OPPMANN FREDLUND 1237 WHITTEMORE ROAD MIDDLEBURY CT 06762 181358792 0 X WWW.WESTOVER.ORG X 1909 CT WESTOVER SCHOOL EMPOWERS YOUNG WOMEN TO LEAD LIVES OF CONSEQUENCE. 17 17 138 250 626421 410755 3985901 2681549 11042515 9631369 5557823 5575631 11725 12440 20597964 17900989 5347780 4426573 0 0 6365154 7752293 0 0 1358925 8069939 9161332 19782873 21340198 815091 -3439209 104957732 106381795 21509055 25074507 83448677 81307288 WESTOVER SCHOOL EMPOWERS YOUNG WOMEN TO LEAD LIVES OF CONSEQUENCE. 0 0 14038751 4426573 9643809 THE PROGRAM SERVICES RENDERED ARE THOSE ASSOCIATED WITH COLLEGE PREP INSTITUTIONS FOR APPROXIMATELY 149 ENROLLED YOUNG WOMEN DURING THE TAX YEAR ENDED JUNE 30, 2024. THESE INCLUDE: PROVIDING AN ENVIRONMENT SUITABLE FOR THE EDUCATION, DORMITORY SERVICE, TEXTBOOKS AND SUPPLIES AND ATHLETIC FACILITIES INCLUDING USE OF THE FACILITIES BY OTHER ORGANIZATIONS FOR THE SAME PURPOSE. 14038751 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 68 0 1 138 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 X THE ORGANIZATION 2035774505 1237 WHITTEMORE RD MIDDLEBURY CT 06762 FREDLUND POLLY HEAD OF SCHOOL (AS OF 07/23) 40.00 X 152858 0 35567 PHIL SALMON CFOO (AS OF 08/23) 40.00 X 108312 0 28124 HOAGLAND ALISON PRESIDENT 1.00 X X 0 0 0 WILLIAMS LATA VICE-PRESIDENT 1.00 X X 0 0 0 DASILVA TATIANA SECRETARY 1.00 X X 0 0 0 CARPENTER SUSANNE TREASURER 1.00 X X 0 0 0 ATCHINSON GRETA BOARD MEMBER 1.00 X 0 0 0 BERGER ALISA BOARD MEMBER 1.00 X 0 0 0 COOPER AARON BOARD MEMBER 1.00 X 0 0 0 EDWARDS CAROLINE CAMPBELL BOARD MEMBER 1.00 X 0 0 0 ETHIE RITA BOARD MEMBER 1.00 X 0 0 0 FOSTER XIANIA BOARD MEMBER 1.00 X 0 0 0 FRANCIS MARRA BOARD MEMBER 1.00 X 0 0 0 NELSON JUSTIN BOARD MEMBER (THRU 10/23) 1.00 X 0 0 0 POINDEXTER BECCA BOARD MEMBER 1.00 X 0 0 0 PREVIN FLETCHER BOARD MEMBER 1.00 X 0 0 0 SABATINI JENNIFER BOARD MEMBER 1.00 X 0 0 0 SAVOYE CARLTON BOARD MEMBER 1.00 X 0 0 0 SENICH KAREN BOARD MEMBER 1.00 X 0 0 0 SOLBERG KARSTEN BOARD MEMBER 1.00 X 0 0 0 RISNER MARY CHIEF DEVELOPMENT OFFICER 40.00 X 204486 0 70919 RICHARD MATZINGER CONTROLLER 40.00 X 166929 0 43071 COPPLOA MICHAEL DIRECTOR OF FACILITIES 40.00 X 136097 0 2067 HILL JEN DIRECTOR OF HEALTH 40.00 X 102797 0 49727 EERA SHARMA CHIEF ACADEMIC OFFICER 40.00 X 120000 0 6000 MONTEGOMERY ARCHIBALD IV FORMER INTERIM HEAD OF SCHOOL 40.00 X 178063 0 12558 1169542 0 248033 9 1 1 0 SMG PO BOX 53 BRATTLEBORO VT 05302 HOUSEKEEPING 276301 LUNAN'S LANDSCAPING 98 EAST LITCHFIELD ROAD SOUTH LITCHFIELD CT 06759 LANDSCAPING 162030 SSC PO BOX 135 BRATTLEBORO VT 05302 SECURITY 146490 ARMANINO PO BOX 398285 SAN FRANCISCO CA 94139 ACCOUNTING, PAYROLL, HR 138059 4 2681549 294813 2681549 TUITION AND FEES 611710 9551391 9551391 AUXILIARY PROGRAMS AND FEES 611710 79978 79978 9631369 310642 625847 -315205 168673710 163408721 5264989 5264989 574 5264415 28105 49082 -20977 -20977 MISCELLANEOUS 900099 33417 33417 33417 17900989 9643809 626421 4949210 30000 30000 4396573 4396573 630465 55465 538025 36975 5523935 3807437 1240331 476167 260496 171104 64073 25319 927311 718286 112829 96196 410086 256028 124467 29591 164896 164896 150240 150240 245348 245348 2410724 376305 1748660 285759 137980 20522 109626 7832 1767359 1041221 559604 166534 121904 46127 68550 7227 572755 337433 181353 53969 1544345 909835 488991 145519 253182 149159 80166 23857 STUDENT SERVICES AND AC 1622722 1622216 506 OTHER EXPENSES 87298 87298 0 BAD DEBT EXPENSE 64857 64857 PROFESSIONAL DEVELOPMEN 17722 13742 3980 21340198 14038751 5942522 1358925 371316 36373 1429612 141214 61139 42652 2333853 13426 45778 50094 25116 296532 60649223 23229008 37814087 37420215 31225058 5546697 35240592 59243653 2120 104957732 106381795 777497 1522421 1024301 4481545 19272910 18734750 13465 420882 335791 21509055 25074507 X 17149424 16136199 66299253 65171089 83448677 81307288 104957732 106381795 X -3439209 1838168 -540348 X X 0 1 X 1 0 X 3400113 3363653 3654575 4041728 2681549 17141618 3400113 3363653 3654575 4041728 2681549 17141618 4697627 12443991 427290 581473 702116 827500 -315205 2223174 89489 626421 715910 20080702 52622951 0.61970 0.84620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70311938 68122 7223604 8235941 69367723 71638136 214427 5156426 6697051 70311938 79125904 536349 -4824117 3200000 71638136 64169985 4349487 16799598 6193166 79125904 66712150 404821 46180 2993166 64169985 0.09060 0.90570 0.00370 0 0 1047600 1047600 51970764 18313352 33657412 4901569 3608400 1293169 2729290 1307256 1422034 37420215 ALTERNATIVE INVESTMENTS 59243653 F 59243653 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 263074 FINANCE LEASE LIABILITIES 72717 335791 X 15146318 1838168 1838168 13308150 245348 4347491 4592839 17900989 16747359 0 16747359 245348 4347491 4592839 21340198 PART V, LINE 4: THE ENDOWMENT IS INTENDED TO SUPPORT THE OPERATIONS OF THE SCHOOL, INCLUDING PROVIDING A SOURCE OF FUNDING FOR FINANCIAL AID. PART X, LINE 2: THE SCHOOL QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; HOWEVER, THE SCHOOL IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2024 AND 2023. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2021 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 STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,396,573. COST OF GOODS SOLD -49,082. PROVISION FOR LOSSES ON STUDENT LOANS PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,396,573. COST OF GOODS SOLD -49,082. 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 RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN BROCHURES AND CATALOGS PERTAINING TO STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. IT IS ALSO PUBLISHED IN VARIOUS NEWSPAPER ADVERTISING. CENTRAL AMERICAN AND THE CARIBBEAN 0 0 INVESTMENTS 7407885 0 0 0 0 0 0 7407885 0 7407885 0 0 0 0 0 0 PART I, LINE 3: FOREIGN INVESTMENTS ARE VARIOUS FUNDS HELD AS PART OF THE SCHOOL'S ENDOWMENT. 1 TOWN OF MIDDLEBURY 1212 WHITTEMORE ROARD MIDDLEBURY CT 06762 TOWN OF MIDDLEBURY 30000 0 CONTRIBUTION 1 FINANCIAL AID AND SCHOLARSHIPS 95 4396573 CASH VALUE OF TUITION AND FEES FINANCIAL AID AND SCHOLARSHIPS APPLIED TO THE STUDENTS' ACCOUNTS PART I, LINE 2: FINANCIAL ASSISTANCE IS AVAILABLE IN THE FORM OF NEED-BASED AID AND PAYMENT PLANS. AN OBJECTIVE NEEDS-ANALYSIS SYSTEM IS USED BY THE SCHOOL AS A BASIC GUIDELINE TO PROVIDE CONSISTENCY IN ASSESSING NEED. WESTOVER THE CLARITY APPLICATION TO DETERMINE A FAMILY'S LEVEL OF FINANCIAL NEED. X 0 0 X X X 0 0 0 0 0 0 0 1 1 0 FREDLUND POLLY HEAD OF SCHOOL (AS OF 07/23) 152633 0 0 0 225 0 11250 0 24317 0 188425 0 0 0 RISNER MARY CHIEF DEVELOPMENT OFFICER 183561 0 19635 0 1290 0 28601 0 42318 0 275405 0 0 0 RICHARD MATZINGER CONTROLLER 166452 0 0 0 477 0 9323 0 33748 0 210000 0 0 0 HILL JEN DIRECTOR OF HEALTH 102659 0 0 0 138 0 5645 0 44082 0 152524 0 0 0 MONTEGOMERY ARCHIBALD IV FORMER INTERIM HEAD OF SCHOOL 175000 0 0 0 3063 0 6058 0 6500 0 190621 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES THE HEAD OF SCHOOL AND CHIEF FINANCIAL AND OPERATING OFFICER WITH HOUSING ON THE SCHOOL'S CAMPUS, AS THEY ARE REQUIRED BY THEIR EMPLOYMENT AGREEMENTS TO RESIDE ON CAMPUS AS A CONDITION OF EMPLOYMENT. THE VALUE OF THIS HOUSING IS INCLUDED AS A NONTAXABLE BENEFIT. PART I, LINE 3 THE SCHOOL HAS A COMPENSATION COMMITTEE THAT IS CHAIRED BY THE PRESIDENT OF THE BOARD OF TRUSTEES. THE COMMITTEE REVIEWS STATISTICAL DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND SURVEYS OF CT INDEPENDENT SCHOOLS TO PROVIDE COMPARATIVE DATA. IN DETERMINING COMPENSATION, A PERFORMANCE REVIEW IS ALSO COMPLETED. PART I, LINE 7 A BONUS WAS PAID, AS APPROVED BY THE HEAD OF SCHOOL, TO THE CHIEF DEVELOPMENT OFFICER BASED ON PERFORMANCE. PART I, LINE 8 THE HEAD OF SCHOOL IS IN HER INITIAL EMPLOYMENT AGREEMENT, WHICH IS EFFECTIVE THROUGH JUNE 30, 2026. A CT HEALTH & EDUCATIONAL FACILITIES- SERIES C & D 060806186 2017-06-13 21330000 FUNDING THE RENOVATION OF MAIN BLDG & CONSTRUCTION OF STUDENT CENTER 0 1 0 A 2244713 21330000 6710335 199372 14420273 1 0 0 1 A 0 0 0 0 0 0 1 A 1 1 0 0 0 1 A 0 X 12 294813 FAIR VALUE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT INCLUDED IN PART I COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES TO WHICH THE BOARD HAD DELEGATED BROAD AUTHORITY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE SCHOOL'S CHIEF FINANCIAL AND OPERATING OFFICER. A COMPLETE DRAFT, EXCLUDING SCHEDULE B, IS MADE AVAILABLE TO THE ENTIRE BOARD THROUGH THE PORTAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST POLICY. ANY MATTERS DISCLOSED ARE REVIEWED AND RESOLVED BY THE EXECUTIVE LEADERSHIP OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE SCHOOL HAS A COMPENSATION COMMITTEE THAT IS CHAIRED BY THE PRESIDENT OF THE BOARD OF TRUSTEES. THE COMMITTEE REVIEWS STATISTICAL DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND SURVEYS OF CT INDEPENDENT SCHOOLS TO PROVIDE COMPARATIVE DATA. IN DETERMINING COMPENSATION, A PERFORMANCE REVIEW IS ALSO COMPLETED. THE RESULTS ARE DOCUMENTED IN WRITING AND FORWARDED TO THE CHIEF FINANCIAL AND OPERATING OFFICER. A COPY IS MAINTAINED IN THE INDIVIDUALS' PERSONNEL FILE. THIS PROCESS WAS LAST UNDERTAKEN IN 2022, WHILE FINALIZING THE HEAD OF SCHOOL'S INITIAL EMPLOYMENT AGREEMENT. FORM 990, PART VI, SECTION C, LINE 18 THE SCHOOL MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: 2023 AUDIT ADJUSTMENTS IMPACTING OPENING NET ASSETS (NOT PRIOR PER ADJUST) -540,348. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR.