2023-05-12T10:46:29-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2021-07-01 061229222 KING SCHOOL INC KING 2033223496 1450 NEWFIELD AVENUE STAMFORD CT 06905 STEPHEN SCHAFER CHIEF FIN. & OPERATIONS OFFICER 2033223496 2023-05-10 1 STEPHEN SCHAFER 999009999 NICOLE LEE P01307175 8605614000 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z STEPHEN SCHAFER 1450 NEWFIELD AVENUE STAMFORD CT 06905 54509899 0 X WWW.KINGSCHOOLCT.ORG X 1988 CT KING SCHOOL, INC. IS AN INDEPENDENT, COLLEGE PREPARATORY SCHOOL SERVING THE STAMFORD, CT AREA. 27 27 347 51 0 0 4229021 2740811 32444093 33649645 373287 4641287 262531 145589 37308932 41177332 4251470 4399564 0 0 21397801 22109225 0 0 892867 11090250 11526498 36739521 38035287 569411 3142045 114064346 109827604 37908383 38776756 76155963 71050848 X KING IS DEDICATED TO PREPARING ITS STUDENTS TO THRIVE IN A RAPIDLY CHANGING WORLD. WE PROVIDE AN EXCELLENT, PROGRESSIVE EDUCATION, GROUNDED IN THE TRADITIONAL DISCIPLINES OF THE ARTS AND SCIENCES, COMMITTED TO THE NURTURING OF INDIVIDUAL POTENTIAL, AND DESIGNED TO PROMOTE CRITICAL THINKING AND REASONED REFLECTION. USING RICH AND INNOVATIVE METHODS, OUR TEACHERS FACILITATE EACH STUDENT'S FULLEST ACADEMIC AND PERSONAL ACHIEVEMENT. WE CHAMPION THE DEVELOPMENT OF CHARACTER, SELF-CONFIDENCE, AND TALENT THROUGH CHALLENGING INTELLECTUAL, CREATIVE, ATHLETIC, LEADERSHIP, AND SERVICE OPPORTUNITIES. KING BELIEVES THAT INDIVIDUAL ACCOMPLISHMENT MUST GO HAND IN HAND WITH RESPECT FOR OTHERS. OUR CULTURE OF RESPECT FOSTERS COLLABORATION AS WELL AS INDEPENDENCE. WE EMBRACE HUMAN AND CULTURAL DIVERSITY. WE VALUE RESPONSIBLE CITIZENSHIP. KING GRADUATES ARE EQUIPPED TO SUCCEED IN COLLEGE AND TO PURSUE LIVES OF ONGOING INQUIRY, LEARNING, ACCOMPLISHMENT, PERSONAL FULFILLMENT AND SOCIAL RESPONSIBILITY. 0 0 30573226 4399564 33649645 PROVIDED COLLEGE PREPARATORY EDUCATION FOR APPROXIMATELY 700 CHILDREN AGES PRE-SCHOOL THROUGH GRADE 12. EDUCATIONAL PROGRAMS INCLUDE BOTH TRADITIONAL ACADEMIC YEAR AS WELL AS SUMMER PROGRAMS. 30573226 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 61 0 1 347 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X STEPHEN SCHAFER KING SCHOOL INC 2033223496 1450 NEWFIELD AVENUE STAMFORD CT 06905 KAREN ESHOO HEAD OF SCHOOL (THRU 06/2021) 40.00 X 400327 0 67217 STEPHEN SCHAFER CHIEF FINANCIAL AND OPERATING OFFICER 40.00 X 337713 0 16000 CAROL MAOZ HEAD OF SCHOOL (AS OF 07/2021) 40.00 X 203808 0 52981 KIMBERLY LEEKER ASSOC. HEAD OF FINANCE (THRU 08/2021) 40.00 X 297771 0 37845 SANDY LIZAIRE-DUFF HEAD OF LOWER SCHOOL 40.00 X 196584 0 51211 MICAH HAUBEN DEAN OF ATHLETICS 40.00 X 160222 0 80095 MARNIE SADLOWSKY ASSOC. HEAD/HEAD OF UPPER 40.00 X 203616 0 36083 JANINE NEWMAN DIRECTOR OF ADMISSION 40.00 X 182862 0 37702 JOSHUA DEITCH HEAD OF MIDDLE SCHOOL 40.00 X 163492 0 9578 THOMAS KING BOARD CHAIR 25.00 X X 0 0 0 MI-SUN FREEMAN VICE CHAIR 5.00 X X 0 0 0 ERIC GERSTER SECOND VICE CHAIR 5.00 X X 0 0 0 ROBERT HOLTZ TREASURER 5.00 X X 0 0 0 DANIEL OZIZMIR SECRETARY 5.00 X X 0 0 0 THOMAS J CONHEENEY FIRST AT LARGE 2.00 X 0 0 0 DOUGLAS PERLMAN SECOND AT LARGE 2.00 X 0 0 0 PETER RESNICK THIRD AT LARGE 2.00 X 0 0 0 JESSICA DEMMO FOURTH AT LARGE 2.00 X 0 0 0 MATTHEW ALLARD TRUSTEE 2.00 X 0 0 0 NANCY ARMSTRONG TRUSTEE 2.00 X 0 0 0 MATTHEW BARLOW TRUSTEE 2.00 X 0 0 0 KYLE MISCIA CLARK TRUSTEE 2.00 X 0 0 0 ELLA COHEN TRUSTEE 2.00 X 0 0 0 WEI DU TRUSTEE 2.00 X 0 0 0 AHMED FATTOUH TRUSTEE 2.00 X 0 0 0 STACEY GAINE TRUSTEE 2.00 X 0 0 0 NANCY HEATON TRUSTEE 2.00 X 0 0 0 GREG JANSEN TRUSTEE 2.00 X 0 0 0 OKTAY KURBANOV TRUSTEE 2.00 X 0 0 0 BRIAN O'CALLAGHAN TRUSTEE 2.00 X 0 0 0 TODD RAKER TRUSTEE 2.00 X 0 0 0 AMADEU RIBEIRO TRUSTEE 2.00 X 0 0 0 GOD-IS RIVERA TRUSTEE 2.00 X 0 0 0 KISHAUNA SOLJOUR TRUSTEE 2.00 X 0 0 0 RACHELLE SPIELVOGEL TRUSTEE 2.00 X 0 0 0 LORENZO WYATT TRUSTEE 2.00 X 0 0 0 2146395 0 388712 34 0 1 0 SODEXO INC & AFFILIATES PO BOX 81049 WOBURN MA 018131049 FACILITIES MAINTENANCE 1308828 FLIK INDEPENDENT SCHOOLS BY CHARTWELL PO BOX 9337 CHICAGO IL 606931337 FOOD SERVICES 942800 SPRINTURF LLC 146 FAIRCHILD STREET SUITE 150 DANIEL ISLAND SC 29492 CONSTRUCTION 508860 ASD CONSTRUCTION 150 AVON ST STRATFORD CT 06615 CONSTRUCTION 359063 LWV ADVISORS 67 MONROE AVENUE PITTSFORD NY 14534 INVESTMENT ADVISORS 170663 8 469480 2271331 298406 2740811 TUITION & PROGRAM FEES 611600 33649645 33649645 33649645 926602 926602 17476 0 17476 17476 17476 16779579 13064894 3714685 3714685 3714685 155426 469480 267673 -112247 -112247 PARENT ASSOCIATION INCOME 611600 240360 240360 240360 41177332 33649645 0 4786876 4399564 4399564 1300825 1300825 15021946 13254880 1341603 425463 763191 651348 92362 19481 3968738 2966034 937881 64823 1054525 862664 161559 30302 53429 53429 185131 185131 184268 184268 302195 90929 209916 1350 836801 514912 161936 159953 880194 880194 2594766 1922617 480654 191495 137020 137020 2997150 2697435 299715 438489 438489 EDUCATIONAL & LIBRARY 1667076 1667076 ATHLETIC SUPPLIES 665573 665573 OTHER EXPENSES 485869 485869 SERVICE CONTRACTS 98537 98537 38035287 30573226 6569194 892867 3218123 2383772 10493682 9477504 2077023 1210340 20610995 21728148 656962 415618 70280110 35598036 34883430 34682074 32451375 27597406 8519903 11203087 1152853 1129655 114064346 109827604 4041543 4758911 27263844 28257849 6154996 5759996 448000 37908383 38776756 X 68554341 63921857 7601622 7128991 76155963 71050848 114064346 109827604 3142045 -8247160 0 X 0 1 X 1 0 X 4529384 4403959 5735196 4229021 2740811 21638371 4529384 4403959 5735196 4229021 2740811 21638371 2389039 19249332 695876 903937 531422 394198 944078 3469511 249400 317241 265030 244932 240360 1316963 26424845 155532627 0.72850 0.74190 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: NET INCOME FROM FUNDRAISING EVENTS PARENT ASSOCIATION DUES AND OTHER INCOME OTHER RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 42162093 1160540 -3762406 112344 725234 0 38722649 30308340 4968779 7249529 103392 261086 77 42162093 28868784 1917478 135060 4556 608398 28 30308340 27003130 1452937 962693 549896 80 28868784 24937693 1206271 1351484 492218 100 27003130 0.85744 0.12284 0.01972 0 0 220000 220000 61589650 29199922 32389728 8226932 6398114 1828818 243528 243528 34682074 ALTERNATIVE INVESTMENTS 11203087 C 11203087 27592082 -8247160 267673 -7979487 35571569 184268 5421495 5605763 41177332 32697197 267673 267673 32429524 184268 5421495 5605763 38035287 PART V, LINE 4: THE INTENTION OF THE SCHOLARSHIP ENDOWMENT IS TO PROVIDE NEED-BASED SCHOLARSHIPS TO ELIGIBLE STUDENTS IN A SUSTAINABLE MANNER. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 267,673. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION REMISSION 1,021,931. SCHOLARSHIPS AND GRANTS IN AID 4,399,564. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 267,673. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REMISSION 1,021,931. SCHOLARSHIPS AND GRANTS IN AID 4,399,564. 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 NONDISCRIMINATORY POLICY IS STATED ON EVERY PAGE ON OUR WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 7916155 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 1790932 0 0 0 0 0 0 9707087 0 9707087 1 0 1 0 0 0 PART III ACCOUNTING METHOD: GALA 550053 427978 122075 172952 16750 27208 VIKINGS CUP 74853 41502 33351 120 46172 4471 624906 469480 155426 120 46172 172952 16750 31679 267673 -112247 1 FINANCIAL AID AND SCHOLARSHIPS 144 4399564 PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY SCHOOL AND STUDENT SERVICES (SSS) GUIDELINES WHICH PROVIDE A FINANCIAL AID NEED ANALYSIS BASED ON CONFIDENTIAL INFORMATION PROVIDED BY FAMILIES. THE SCHOLARSHIPS ARE AWARDED ON 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 1 0 0 0 0 0 0 1 1 0 KAREN ESHOO HEAD OF SCHOOL (THRU 06/2021) 399913 0 0 0 414 0 9070 0 58147 0 467544 0 0 0 STEPHEN SCHAFER CHIEF FINANCIAL AND OPERATING OFFICE 332299 0 5000 0 414 0 14500 0 1500 0 353713 0 0 0 CAROL MAOZ HEAD OF SCHOOL (AS OF 07/2021) 188808 0 15000 0 0 0 9403 0 43578 0 256789 0 0 0 KIMBERLY LEEKER ASSOC. HEAD OF FINANCE (THRU 08/2021 221237 0 75000 0 1534 0 26100 0 11745 0 335616 0 0 0 SANDY LIZAIRE-DUFF HEAD OF LOWER SCHOOL 196338 0 0 0 246 0 9340 0 41871 0 247795 0 0 0 MICAH HAUBEN DEAN OF ATHLETICS 160014 0 0 0 208 0 8280 0 71815 0 240317 0 0 0 MARNIE SADLOWSKY ASSOC. HEAD/HEAD OF UPPER 203202 0 0 0 414 0 19085 0 16998 0 239699 0 0 0 JANINE NEWMAN DIRECTOR OF ADMISSION 182607 0 0 0 255 0 11676 0 26026 0 220564 0 0 0 JOSHUA DEITCH HEAD OF MIDDLE SCHOOL 163371 0 0 0 121 0 8078 0 1500 0 173070 0 0 0 PART I, LINE 1A AS HEAD OF SCHOOL, KAREN ESHOO WAS PROVIDED WITH ON-CAMPUS HOUSING FROM JANUARY 1, 2021 TO JUNE 30, 2021. THIS HOUSING IS REQUIRED BY THE NATURE OF THE POSITION AND AS A CONDITION OF EMPLOYMENT AND IS TREATED AS A NON-TAXABLE BENEFIT. AS HEAD OF SCHOOL, CAROL MAOZ WAS PROVIDED WITH ON-CAMPUS HOUSING FROM JULY 1, 2021 TO DECEMBER 31, 2021. THIS HOUSING IS REQUIRED BY THE NATURE OF THE POSITION AND AS A CONDITION OF EMPLOYMENT AND IS TREATED AS A NON-TAXABLE BENEFIT. CAROL MAOZ WAS PROVIDED A TAX INDEMNIFICATION/GROSS-UP PAYMENT FOR MOVING EXPENSES IN 2021. PART I, LINE 4A THE SCHOOL HAS ENTERED INTO A CONFIDENTIAL EMPLOYMENT SEPARATION AGREEMENT WITH ONE OR MORE EMPLOYEES DURING FISCAL YEAR 2022. AMOUNTS ASSOCIATED WITH THESE AGREEMENTS ARE REPORTED AS PART OF THE TOTALS IN SCHEDULE J. PART I, LINE 7 BONUSES ARE AWARDED BASED ON THE ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS. PART I, LINE 8 KAREN ESHOO'S INITIAL HEAD OF SCHOOL CONTRACT WITH THE SCHOOL ENDED JUNE 2021. CAROL MAOZ IS IN YEAR 1 OF HER 3 YEAR INITIAL HEAD OF SCHOOL CONTRACT WITH THE SCHOOL. A CHEFA 060806186 2013-04-30 9100000 REFINANCING SERIES A BOND ISSUE 0 0 0 A 3285000 9100000 99056 9000944 2003 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CHEFA DATE THE REBATE COMPUTATION WAS PERFORMED: 02/15/2021 PART II, LINE 11 OTHER SPENT PROCEEDS RELATES TO REFINANCING OF PRIOR BOND X 17 298406 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN PART I COLUMN (B) REPRESENTS THE NUMBER OF STOCK GIFTS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL ACT ON BEHALF OF THE BOARD ONLY IN UNUSUAL AND PRESSING CIRCUMSTANCES, AS DETERMINED IN THE DISCRETION OF THE CHAIR. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE AND EXECUTIVE COMMITTEE REVIEW THE ENTIRE 990. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND OFFICERS ARE OBLIGATED TO SIGN A CONFLICT OF INTEREST STATEMENT. POTENTIAL CONFLICTS MUST BE REPORTED TO THE CHAIR OF THE TRUSTEESHIP COMMITTEE OF THE BOARD OF TRUSTEES. MEMBERS OF THE TRUSTEESHIP COMMITTEE WILL BE DESIGNATED BY THE CHAIR OF THE TRUSTEESHIP COMMITTEE TO INVESTIGATE POTENTIAL CONFLICT SITUATIONS OF BOTH INTEREST AND COMMITMENT AND, IF APPROPRIATE, PROVIDE RECOMMENDATIONS FOR CORRECTIVE ACTION. RECOMMENDATIONS ARE TO BE BROUGHT FORWARD BY THE CHAIR OF THE TRUSTEESHIP COMMITTEE TO THE CHAIR OF THE BOARD OF TRUSTEES AND HEAD OF SCHOOL AS HE OR SHE DEEMS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, ACCORDING TO THE PHILOSOPHY AND PROCESS OUTLINED IN THE COMPENSATION PHILOSOPHY. COMPETITIVE COMPENSATION DATA FROM SEVERAL SOURCES, EXPERIENCE AND A PERFORMANCE APPRAISAL ARE UTILIZED IN THE COMPENSATION DETERMINATION AND DOCUMENTATION. THE HEAD OF SCHOOL DETERMINES THE COMPENSATION FOR KEY EMPLOYEES AND SENIOR ADMINISTRATORS UTILIZING THE OVERALL SALARY INCREASE POOL APPROVED BY THE BOARD OF TRUSTEES AS A BASE. IN ADDITION, COMPETITIVE SALARY DATA, EXPERIENCE AND A PERFORMANCE APPRAISAL ARE UTILIZED FOR DETERMINING COMPENSATION AS WELL AS DOCUMENTATION. IN ADDITION, THE CFOO AND THE HEAD OF SCHOOL REVIEW COMPARABLE DATA AND DISCUSS PERFORMANCE OF ALL KEY EMPLOYEES. TAKING THIS DATA INTO CONSIDERATION, THE HEAD OF SCHOOL WILL THEN DETERMINE THE COMPENSATION FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS ARE MADE AVAILABLE BY REQUESTS AT MANAGEMENT'S DISCRETION.