2025-05-13T15:28:31-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 29 SOUTH MAIN STREET WEST HARTFORD CT 06107 990 2023-07-01 060646960 TRUSTEES OF WESTMINSTER SCHOOL INC TRUS 8604083000 995 HOPMEADOW STREET SIMSBURY CT 06070 JULIE COLLINS CHIEF FINANCIAL OFFICER 8604083000 2025-05-13 1 1 JOHN TOSCANO P00358542 8605614000 2025-05-05 2023 2025-03-06 01:10:19Z ELAINE WHITE 995 HOPMEADOW STREET SIMSBURY CT 06070 63284452 0 X WWW.WESTMINSTER-SCHOOL.ORG X 1935 CT PROVIDE EDUCATIONAL PROGRAMS AND RELATED ACTIVITIES TO STUDENTS IN GRADES 9 THROUGH 12. 23 23 253 459 109742 0 5938530 8657795 28821213 29457012 5976059 7135455 257869 259811 40993671 45510073 6279969 6646292 0 0 16188682 17740098 36930 39570 3175592 18039126 18396006 40544707 42821966 448964 2688107 245440097 252666482 72082634 70444018 173357463 182222464 PROVIDE EDUCATIONAL PROGRAMS AND RELATED ACTIVITES TO STUDENTS IN GRADES 9 THROUGH 12. 0 0 36166075 6646292 29527351 PROVISION OF EDUCATIONAL PROGRAMS AND RELATED ACTIVITIES TO STUDENTS IN GRADES 9 THROUGH 12 (APPROXIMATELY 430 STUDENTS) 36166075 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 126 0 1 253 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X JULIE COLLINS 8604083000 995 HOPMEADOW STREET SIMSBURY CT 06070 RENEE L CARREL CHAIR 1.00 X X 0 0 0 SARA L WHITELEY SECRETARY 1.00 X X 0 0 0 IAN MORTON TREASURER 1.00 X 0 0 0 JEFFREY H ARTIS TRUSTEE 1.00 X 0 0 0 STEPHEN W BAILEY TRUSTEE 1.00 X 0 0 0 ELIZABETH GAILU BAIRD TRUSTEE 1.00 X 0 0 0 WILLIAM L BECKFORD TRUSTEE 1.00 X 0 0 0 WILLIAM D BREWER OUTGOING TRUSTEE 1.00 X 0 0 0 CHRISTOPHER J CAMPBELL TRUSTEE 1.00 X 0 0 0 HARVEY CHARLES DEMOVICK III TRUSTEE 1.00 X 0 0 0 S COLIN DOWLING TRUSTEE 1.00 X 0 0 0 EUNICE J HAN TRUSTEE 1.00 X 0 0 0 POWELL W HOLLY III TRUSTEE 1.00 X 0 0 0 MARTIN R IRANI TRUSTEE 1.00 X 0 0 0 MARTIN KELLY OUTGOING TRUSTEE 1.00 X 0 0 0 KATHEREINE B KELTER TRUSTEE 1.00 X 0 0 0 DAVID W KISTLER TRUSTEE 1.00 X 0 0 0 SHANNON LANZONE TRUSTEE 1.00 X 0 0 0 PHILIP LAUDERDALE TRUSTEE 1.00 X 0 0 0 BRYAN MARTIN TRUSTEE 1.00 X 0 0 0 THOMAS W MCCARGO OUTGOING TRUSTEE 1.00 X 0 0 0 MARY MINNS PECK TRUSTEE 1.00 X 0 0 0 GARY L SIMPSON TRUSTEE 1.00 X 0 0 0 HELEN SUN LIN OUTGOING TRUSTEE 1.00 X 0 0 0 KIRSTEN SICHLER WEBB TRUSTEE 1.00 X 0 0 0 BENJAMIN D WILLIAMS IV TRUSTEE 1.00 X 0 0 0 ELAINE WHITE HEAD OF SCHOOL 40.00 X 380514 0 112488 JULIE COLLINS CHIEF FINANCIAL OFFICER, ASST TREASU 40.00 X 280118 0 95580 NEWELL GRANT DIR OF ADVANCEMENT, ASST SECRETARY 40.00 X 170529 0 81591 SHANNON E O'SHAUGHESSY DIR OF ADVANCEMENT OPERATIONS 40.00 X 162929 0 61505 JESSICA KEOUGH ASSOCIATE HEAD OF SCHOOL 40.00 X 142230 0 77598 MILES E BAILEY DEAN OF ADMISSIONS 40.00 X 179287 0 96113 PHIL RYAN DIRECTOR OF FACILITIES & SECURITY OPS 40.00 X 139909 0 11686 WILLARD SISTARE DIRECTOR OF STUDIES 40.00 X 151019 0 42717 1606535 0 579278 21 0 1 0 FLIK PO BOX 417632 BOSTON MA 022417632 DINING 2401560 RAD CORP 171 VFW DRIVE ROCKLAND MA 02370 CONSTRUCTION/FACILITIES 2190630 BARTLETT BRAINARD EACOTT INC 70 GRIFFIN ROAD SOUTH BLOOMFIELD CT 06002 CONSTRUCTION/FACILITIES 1012691 BUILDING ONE FACILITY SERVICES LLC 57 OZICK DRIVE SUITE A DURHAM CT 06422 CLEANING SERVICES/FACILITIES 551030 MODERN MECHANICAL SERVICES INC PO BOX 444 FARMINGTON CT 06034 FACILITIES 342631 13 8657795 1212963 8657795 TUITION AND FEES 611110 28900471 28900471 STUDENT ACTIVITES AND FEES 611110 556541 556541 29457012 4515088 4515088 20252219 17631852 2620367 2620367 2620367 212866 142527 70339 70339 HOCKEY RINK 713940 104995 104995 OTHER REVENUES 611710 79730 79730 RENTAL OF FACILITIES - CAMPS 721000 4747 4747 189472 45510073 29527351 109742 7215185 6646292 6646292 1054279 188894 496756 368629 64324 26950 37374 12252610 9480219 1371557 1400834 1038429 768578 132307 137544 2469875 2058977 184342 226556 860581 608758 128125 123698 109658 109658 75283 75283 39570 39570 591045 591045 103826 56228 47598 97224 94115 2073 1036 3009000 2918730 60180 30090 678955 489174 45412 144369 1527145 1481331 30543 15271 5938403 5760251 118768 59384 496040 481159 9921 4960 ACADEMIC DEPARTMENT PRO 2558603 2517567 37879 3157 DINING SERVICES 2135957 2071529 42952 21476 FUNDRAISING AND MARKETI 748644 200287 548357 AUXILIARY SERVICES 234694 228403 4194 2097 91529 88633 1930 966 42821966 36166075 3480299 3175592 1910729 3270333 40942825 40872830 11523615 10815933 12852306 10827380 149860 141033 749675 700742 159864 165488 100638 162698 187018381 107593980 79520989 79424401 15786118 20766655 80661093 84298424 1082385 1220565 245440097 252666482 1688086 2227846 21954434 20863422 47944089 46848418 496025 504332 72082634 70444018 X 103097041 104837443 70260422 77385021 173357463 182222464 245440097 252666482 X 2688107 5957340 219554 X X 0 1 X 1 0 X 8702380 20607220 5063105 5938530 8657795 48969030 8702380 20607220 5063105 5938530 8657795 48969030 10498876 38470154 1219337 877728 1109965 6004657 4515088 13726775 73176 42190 204186 21358 109742 450652 93459 78411 37282 170381 79730 459263 63605720 134931778 0.60480 0.63340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUES - 2019 AMOUNT: $ 93,459. 2020 AMOUNT: $ 78,411. 2021 AMOUNT: $ 37,282. 2022 AMOUNT: $ 170,381. 2023 AMOUNT: $ 79,730. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 127520557 5639841 11568692 1384788 4315212 139029090 120548987 1365425 11031145 1314381 4110619 127520557 145015408 2078268 -21359689 916644 4268356 120548987 106599488 14855327 28610593 905906 4144094 145015408 103043563 4146597 4459328 832308 4217692 106599488 0.50590 0.49410 0.00000 0 0 4530322 4530322 155441185 91906476 63534709 15592771 9219414 6373357 11454103 6468090 4986013 79424401 EQUITIES 36244964 F HEDGED EQUITY 19480441 F PRIVATE EQUITY 8754755 F ABSOLUTE RETURN 19818264 F 84298424 LIABILITY UNDER SPLIT INTEREST 504332 504332 43771357 5957340 -7247538 -1290198 45061555 591045 -142527 448518 45510073 34906356 142527 142527 34763829 591045 7467092 8058137 42821966 PART V, LINE 4: ENDOWMENT FUNDS SUPPORT SCHOLARSHIPS, FACULTY ENRICHMENT, INSTRUCTION, STUDENT ACTIVITIES, AND LIBRARY AND CAPITAL IMPROVEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 129,873. FINANCIAL AID/TUITION REMISSION NETTED WITH REVENUE -7,467,092. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 89,681. PART XI, LINE 4B - OTHER ADJUSTMENTS: CAMPUS STORE EXPENSES -142,527. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAMPUS STORE EXPENSES 142,527. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION NETTED WITH REVENUE 7,467,092. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WESTMINSTER SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN INTERNAL AND EXTERNAL COMMUNICATIONS, IN ADDITION TO ITS DISCLOSURE AT THE BOTTOM OF EVERY PAGE OF THE WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 24934540 0 0 0 0 0 0 24934540 0 24934540 1 0 0 0 1 0 SCHEDULE F, PART I, LINE 3: INVESTMENTS REPORTED ARE HELD AS PART OF THE SCHOOL'S ENDOWMENT. X X X X X 1 COMMUNITY COUNSELLING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 191824885 FUNDRAISING CONSULTING 0 0 6570 -6570 BIG PHILANTRHOPY LLC 7917 HAMPTON LAKE DR TAMPA FL 33647 FUNDRAISING CONSULTING 0 0 33000 -33000 39570 -39570 CT 1 SCHOLARSHIPS 146 6389327 FMV TUITION ASSISTANCE SUPPLEMENTAL FINANCIAL AID 44 256965 FMV BOOKS, FEES, HEALTH INSURANCE AND ADDITIONAL INCIDENTAL EXPENSES FOR QUALIFIED STUDENTS ON THE BASIS OF NEED. PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY SCHOOL AND STUDENT SERVICES GUIDELINES WHICH PROVIDES 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. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 ELAINE WHITE HEAD OF SCHOOL 380002 0 512 0 0 0 41250 0 71238 0 493002 0 0 0 JULIE COLLINS CHIEF FINANCIAL OFFICER, ASST TREASU 279606 0 512 0 0 0 35876 0 59704 0 375698 0 0 0 MILES E BAILEY DEAN OF ADMISSIONS 169780 0 507 0 9000 0 22209 0 73904 0 275400 0 0 0 NEWELL GRANT DIR OF ADVANCEMENT, ASST SECRETARY 170022 0 507 0 0 0 22209 0 59382 0 252120 0 0 0 SHANNON E O'SHAUGHESSY DIR OF ADVANCEMENT OPERATIONS 162388 0 541 0 0 0 22209 0 39296 0 224434 0 0 0 JESSICA KEOUGH ASSOCIATE HEAD OF SCHOOL 136689 0 541 0 5000 0 17651 0 59947 0 219828 0 0 0 WILLARD SISTARE DIRECTOR OF STUDIES 146933 0 541 0 3545 0 18698 0 24019 0 193736 0 0 0 PHIL RYAN DIRECTOR OF FACILITIES & SECURITY OP 137489 0 1420 0 1000 0 11686 0 0 0 151595 0 0 0 PART I, LINE 1A CERTAIN EMPLOYEES ARE REQUIRED TO LIVE ON CAMPUS FOR THE CONVENIENCE OF THE SCHOOL AS A CONDITION OF EMPLOYMENT. THE VALUE OF THIS HOUSING IS INCLUDED IN NONTAXABLE BENEFITS. UNDER THE TERMS OF HER EMPLOYMENT AGREEMENT, THE SCHOOL WILL PAY FOR THE HEAD OF SCHOOL'S MEMBERSHIP IN AN APPROPRIATE CLUB FOR PURPOSES OF CONDUCTING SCHOOL BUSINESS AND OTHER ACTIVITIES NECESSARY FOR THE HEAD OF SCHOOL TO CARRY OUT HER RESPONSIBILITIES. A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 20774Y5U2 2014-09-24 20605385 REFUND SERIES E 0 0 0 B STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 20774Y7P6 2019-04-11 9031319 REFUND SERIES F & SERIES G 0 0 0 C STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2021-01-06 19832940 REFUND SERIES I & SERIES J 0 0 0 A 20115000 21070686 344671 20726015 0 1 1 1 B 9050798 3119 180543 8867136 1 0 1 1 C 780000 19905887 172947 19732940 1 0 1 1 A 1 1 0 0 1 0 1 B 0 0 0 0 0.00400 0.00400 1 0 1 C 0 0 1 1 0 1 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORI DATE THE REBATE COMPUTATION WAS PERFORMED: 09/24/2019 PART II, LINE 3 THE DIFFERENCE BETWEEN THE BOND ISSUE PRICE AND THE BOND PROCEEDS IS DUE TO INVESTMENT EARNINGS ON THE BOND PROCEEDS. W THOMAS EARL FORMER CFO MORTGAGE X 232000 141033 0 1 1 141033 BENJAMIN COLLINS SON OF THE CFO 37374 COMPENSATION AS ACCOUNTS PAYABLE ADMINISTRATOR. 0 CHRISTOPHER WHITE SPOUSE OF THE HEAD OF SCHOOL 26950 COMPENSATION AS SCHOOL ATHLETICS EMPLOYEE 0 X 29 1212963 FMV 0 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN PART I COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE THE GENERAL SUPERVISION OF THE AFFAIRS OF THE CORPORATION. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE MAY EXERCISE ALL POWERS OF THE BOARD OF TRUSTEES EXCEPT THOSE SPECIFICALLY DELEGATED TO OTHER COMMITTEES AND THOSE POWERS BY LAW OR UNDER THE BY-LAWS ARE RESERVED EXCLUSIVELY TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED INTERNALLY AND REVIEWED BY INTERNAL MANAGEMENT. THE FORM 990 IS REVIEWED BY OUTSIDE TAX PREPARER. PRIOR TO FILING A COPY IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES. SCHEDULE B - SCHEDULE OF CONTRIBUTORS - IS NOT INCLUDED. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT/QUESTIONNAIRE IS PROVIDED TO ALL BOARD OF TRUSTEE MEMBERS IN THE FALL. THE FORMS ARE RETURNED TO THE HEAD'S OFFICE. IF THERE IS AN ACTUAL OR POTENTIAL CONFLICT IT IS DISCLOSED TO AN OFFICER OF THE ORGANIZATION SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DETERMINATION - FOR THE HEAD OF SCHOOL - THE CHAIR OF THE BOARD ANUALLY PERFORMS A PERFORMANCE REVIEW AND SETS GOALS WITH THE HEAD OF SCHOOL. COMPARABILITY DATA FROM SCHOOLS OF SIMILAR TYPE ARE REVIEWED. COMPENSATION IS SET FROM THIS REVIEW. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FOR ALL OTHER EMPLOYEES - THE BOARD APPROVES OVERALL SALARY PACKAGES FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PROVIDED WHEN REQUESTED. FORM 990, PART XI, LINE 9: CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 89,681. CHANGE IN VALUATION OF SPLIT-INTEREST AGREEMENTS 129,873. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. CHARITABLE REMAINDER TRUST (2) CHARITABLE TRUST CT TRUSTEES OF WESTMINSTER SCHOOL INC T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0