2023-05-15T22:24:00-05:00 2022-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2021-07-01 060646562 BRUNSWICK SCHOOL INC BRUN 2036255800 100 MAHER AVENUE GREENWICH CT 068305618 KATHLEEN HARRINGTON CHIEF FINANCIAL OFFICER 2036255800 2023-05-15 1 KATHLEEN HARRINGTON 999009999 GARRETT M HIGGINS P00543209 2122862600 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z THOMAS W PHILIP 100 MAHER AVENUE GREENWICH CT 068305618 91623847 0 X WWW.BRUNSWICKSCHOOL.ORG X 1932 CT BRUNSWICK IS AN INDEPENDENT COLLEGE-PREPARATORY DAY SCHOOL FOR BOYS IN GRADES PRE-K THROUGH 12. STUDENTS SUCCEED BY ANNUALLY ADVANCING MATRICULATION, CULMINATING WITH A 100% PLACEMENT RECORD FOR SENIOR BOYS AT NATIONALLY RECOGNIZED, HIGHLY COMPETITIVE COLLEGES AND UNIVERSITIES. BRUNSWICK SCHOOL HOLDS LONG-STANDING ACCREDITATION BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES. 30 30 363 300 50171 5595 10363417 18564888 46467254 48684220 6200319 9037066 479856 634641 63510846 76920815 8096764 8987770 0 0 30786050 33466436 0 0 3275743 19710424 21117563 58593238 63571769 4917608 13349046 416319503 401852938 57638870 54829566 358680633 347023372 X BRUNSWICK SCHOOL, INC. IS A DAY SCHOOL FOR BOYS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE. THE PURPOSE OF THE SCHOOL IS TO EDUCATE THE "WHOLE BOY". IT DOES SO BY HELPING BOYS AND YOUNG MEN - WITHOUT REGARD TO CULTURE, ETHNICITY OR RELIGION - ACQUIRE THE PERSONAL, INTELLECTUAL AND PHYSICAL TRAINING THAT WILL BEST ENABLE THEM TO GROW INTO RESPONSIBLE ADULTS WHO CAN MAKE SIGNIFICANT AND LASTING CONTRIBUTIONS TO SOCIETY. SINCE 1902, BRUNSWICK SCHOOL HAS BEEN, IN THE WORDS OF GEORGE CARMICHAEL, ITS FOUNDER, "ABLY AND GENEROUSLY PREPARING BOYS FOR LIFE." 0 0 40855259 8987770 47181940 EDUCATION PROGRAM EXPENSES SUPPORT THE OVER 1,000 STUDENTS WHO MATRICULATED FROM PRE-KINDERGARTEN THROUGH GRADE 12 DURING THE YEAR. OUR STUDENTS LEARN AT OUR CENTRAL GREENWICH CAMPUS ALONG WITH TWO MORE SUBURBAN GREENWICH CAMPUSES. OVER 250 FACULTY, ADMINISTRATORS AND SCHOOL STAFF SUPPORT THE EDUCATION OF THE WHOLE BOY IN KEEPING WITH THE SCHOOL'S PURPOSE. 5990926 0 ATHLETICS ARE AN ESSENTIAL PART OF THE SCHOOL'S MISSION OF EDUCATING THE WHOLE BOY AND ALL OF OUR BOYS PARTICIPATE IN ATHLETIC AND GOOD SPORTSMANSHIP ENDEAVORS DURING THE ACADEMIC DAY. BOYS IN GRADES 7 AND ABOVE PARTICIPATE IN INTERSCHOLASTIC COMPETITIONS AFTER-SCHOOL. FITNESS AND MANY SPORTS ARE SUPPORTED AT THE SUBURBAN GREENWICH CAMPUSES, WHICH INCLUDE A HOCKEY RINK, A NATATORIUM, A SQUASH FACILITY, TENNIS COURTS, A TRACK AND FIELD FACILITY AND INDOOR GYMS AND MANY NATURAL GRASS AND SYNTHETIC FIELDS WITH ORGANIC INFILL. A BOATHOUSE THAT SUPPORTS THE SCHOOL'S CREW PROGRAM IS SITUATED ALONG THE BYRAM RIVER IN GREENWICH. THE SAILING PROGRAM IS RUN ALONG THE LONG-ISLAND SOUND. 5491657 0 1799422 STUDENT SERVICES INCLUDE THE EFFORTS MADE BY THE FOLLOWING DEPARTMENTS: COLLEGE GUIDANCE, HEALTH AND WELLNESS, EXPERIENTIAL LEARNING, AFTER-SCHOOL AND SUMMER PROGRAMMING, STUDENT TRANSPORTATION AND THE BOOKSTORE. THESE DEPARTMENTS COMPLETE AND SUPPORT THE LEARNING OUTSIDE THE TRADITIONAL CLASSROOM AND BEYOND THE ACADEMIC YEAR. FACULTY ALONG WITH OTHER PROFESSIONALS ENCOURAGE AND PROVIDE OPPORTUNITIES FOR BRUNSWICK BOYS TO DEVELOP THE CREATIVE AND INDEPENDENT QUALITIES OF MIND NECESSARY FOR INTELLECTUAL MATURITY AND INCREASED SELF-CONFIDENCE. 52337842 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 112 0 363 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA IL MA NH NJ NY PA VA X X KATHLEEN F HARRINGTON CFO 2036255800 100 MAHER AVENUE GREENWICH CT 06830 MR THOMAS W PHILIP HEAD OF SCHOOL 70.00 X 1015754 0 704643 MR THOMAS MURRAY CHIEF ADVANCEMENT OFFICER 55.00 X 370716 0 153054 MS KATHLEEN HARRINGTON CHIEF FINANCIAL OFFICER 65.00 X 325144 0 159626 MR KARL PATRICK ANDREN CHIEF OPERATING OFFICER 40.00 X 259716 0 185957 MR DAVID BRUCE DIR OF MS ADMISSION & DIR. OF FIN. AID 40.00 X 230770 0 133794 MR DOUGLAS BURDETT DIRECTOR OF COLLEGE GUIDANCE 40.00 X 195876 0 129439 MR AARON MONTGOMERY MATH TEACHER & SWIM PROGRAM DIR. 40.00 X 208025 0 94675 MR SUNIL GUPTA DIRECTOR OF TECHNOLOGY 40.00 X 189386 0 84794 MR WILLIAM R BERKLEY JR CHAIRMAN 8.00 X X 0 0 0 MR ROBERT F CARANGELO SECRETARY 4.00 X X 0 0 0 MS NISHA KUMAR BEHRINGER TREASURER 4.00 X X 0 0 0 MRS KIMBERLY C AUGUSTINE TRUSTEE 2.00 X 0 0 0 MR JOSYL L BARCHUE TRUSTEE 2.00 X 0 0 0 MR PETER P BEVACQUA TRUSTEE 2.00 X 0 0 0 MR MICHAEL BINGLE TRUSTEE 2.00 X 0 0 0 MR TODD L BOEHLY TRUSTEE 2.00 X 0 0 0 MRS EMILY W BURNS TRUSTEE 2.00 X 0 0 0 MR DAVID M BUTLER TRUSTEE 2.00 X 0 0 0 MR SEAN D CARNEY TRUSTEE 2.00 X 0 0 0 MR FRANK CARROLL TRUSTEE 2.00 X 0 0 0 MR CHRISTOPHER L COLLINS TRUSTEE 2.00 X 0 0 0 MR R WILLETT COOK TRUSTEE 2.00 X 0 0 0 MR SCOTT A DAHNKE TRUSTEE 2.00 X 0 0 0 MR ALBERTO J DELGADO TRUSTEE 2.00 X 0 0 0 MR ADAM B DOLDER TRUSTEE 2.00 X 0 0 0 MS COLLEEN M FERGUSON TRUSTEE 2.00 X 0 0 0 MS DARBY B FOX TRUSTEE 2.00 X 0 0 0 MR BRANDON P HALL TRUSTEE 2.00 X 0 0 0 MRS PAMELA K KELLER TRUSTEE 2.00 X 0 0 0 MRS JENNIFER A KLEIN TRUSTEE 2.00 X 0 0 0 MR THOMAS D LEHRMAN TRUSTEE 2.00 X 0 0 0 MR AMERICO C NARDIS TRUSTEE 2.00 X 0 0 0 MR THOMAS D O'MALLEY JR TRUSTEE 2.00 X 0 0 0 MRS ELIZABETH A O'REILLY TRUSTEE 2.00 X 0 0 0 MR KEITH A PAGNANI TRUSTEE 2.00 X 0 0 0 MR JAMES H RITMAN TRUSTEE 2.00 X 0 0 0 MR ANDREI MG SAUNDERS TRUSTEE 2.00 X 0 0 0 DR THOMAS WILSON TRUSTEE 2.00 X 0 0 0 2795387 0 1645982 76 0 1 0 FLIK COMPASS GROUP USA 1 ORCHARD ROAD ARMONK NY 10504 FOOD SERVICES 4316220 CONNOR CONTRACTING INC 1100 US ROUTE 2 BERLIN VT 05603 CONSTRUCTION MANAGEMENT 1721102 CORPORATE CLEANING INC 85 PURCHASE STREET RYE NY 10580 CLEANING SERVICES 722674 WHITEWATER INC 41 CENTRAL STREET AUBURN MA 01501 WATER TREATMENT 722185 CIC HEALTH LLC ONE BROADWAY 14TH FLOOR CAMBRIDGE MA 02142 MEDICAL TESTING SERVICES 580105 43 10000 152910 18401978 1415698 18564888 STUDENT TUITION 611710 47181940 47181940 SUMMER & AFTER SCHOOL PROGRAMS 611710 992291 992291 STUDENT ACTIVITY FEES 611710 509989 509989 48684220 303557 50171 253386 1256546 1250964 5582 5582 5582 21135823 12402314 8733509 8733509 8733509 581468 152910 252685 328783 328783 1094211 797069 297142 297142 OTHER REVENUE 900099 3134 3134 3134 76920815 48981362 50171 9324394 8987770 8987770 2145812 306118 1446597 393097 24247779 20205987 2681077 1360715 1460260 1137051 226604 96605 3720855 2936905 545503 238447 1891730 1473020 293560 125150 107103 107103 90925 4450 86475 385000 385000 747811 297885 449926 16537 16537 566868 94312 281609 190947 480002 308369 171633 1814688 1792591 18645 3452 588469 588469 953319 953319 7617894 7357680 177171 83043 607334 607334 STUDENT FOOD SERVICES 2112242 2112242 BLDG MAINT & CONTRACTS 1596690 1585181 9711 1798 EDUCATIONAL SUPPLIES 1274134 1274134 PUBLICATIONS AND PRINTI 367351 76829 152812 137710 1791196 1451784 332729 6683 63571769 52337842 7958184 3275743 443930 2350646 74516325 62300899 7124131 9954024 118214 325419 144417 142571 235851 292760 286642941 100619006 189346104 186023935 23463446 16144574 119702684 124172984 1224401 145126 416319503 401852938 7132911 6868147 22945119 22589132 25880000 24190000 1680840 1182287 57638870 54829566 X 266103611 255298460 92577022 91724912 358680633 347023372 416319503 401852938 13349046 -25006307 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 170439981 6476222 -15645497 3822334 157448372 123954358 11508705 38745876 3768958 170439981 126591846 915844 167809 3721141 123954358 123815761 1287448 5021195 3532558 126591846 129357023 2783278 8628653 16953193 123815761 0.50399 0.33705 0.15896 0 0 30697847 30697847 196178014 65314269 130863745 28935973 26878584 2057389 30831107 8426153 22404954 186023935 MULTI-STRATEGY FUND 7821079 F PRIVATE EQUITY LIMITED PARTNERSHIPS 71135239 F EQUITY STRATEGY FUND 45216666 F 124172984 ASSET RETIREMENT OBLIGATION 200691 UNAMORTIZED BOND PREMIUM 981596 1182287 X 44589771 -25006307 2048033 -22958274 67548045 385000 8987770 9372770 76920815 56247032 2048033 2048033 54198999 385000 8987770 9372770 63571769 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF OVER 130 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND AMOUNTS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE EARNINGS ON THE ENDOWMENT ARE USED TO SUPPORT VARIOUS PURPOSES INCLUDING FINANCIAL AID AND FACULTY SALARY SUPPORT. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (THE CODE). THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED AND ACCORDINGLY BELIEVES THAT ITS INCOME TAX POSITIONS ARE CONSISTENT WITH ITS EXEMPTION. CONTRIBUTIONS MADE TO THE SCHOOL ARE QUALIFIED FOR THE MAXIMUM TAX DEDUCTION ALLOWABLE UNDER THE CODE. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE SCHOOL'S PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 1,250,964. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 797,069. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 8,987,770. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 1,250,964. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 797,069. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 8,987,770. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A GENERAL STATEMENT OF NON-DISCRIMINATION IS INCLUDED IN ALL ADVERTISEMENTS, IN NEWSPAPERS OF GENERAL CIRCULATION, AND OTHER PRINTED MEDIA RELATING TO THE RECRUITMENT OF STUDENTS AND EMPLOYEES. THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN NEWSPAPERS OF GENERAL CIRCULATION AND ON ITS INTERNET WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 78748849 0 0 0 0 0 0 78748849 0 78748849 0 0 0 0 0 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 3 : THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 OR FORM 8621 BECAUSE IT DOES NOT MEET THE APPLICABLE FILING THRESHOLD OR OWNERSHIP REQUIREMENTS. SCHEDULE F, PART IV, LINE 1: THE ORGANIZATION IS REQUIRED TO FILE, AND IS FILING, FORMS 926 AND 8865. BENEFIT 538479 72600 465879 14294 45160 38800 18942 BOOKFAIR 28905 0 28905 19708 4 166994 80310 86684 115781 734378 152910 581468 14294 45160 38800 154431 252685 328783 1 FINANCIAL AID 221 8987770 PART I, LINE 2: THE SCHOOL GRANTS FINANCIAL AID AWARDS IN A NONDISCRIMINATORY AND OBJECTIVE MANNER TO STUDENTS WHO DEMONSTRATE FINANCIAL NEED. STUDENTS SEEKING AID ARE REQUIRED TO COMPLETE THE SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID (SSS) APPLICATION. THE SCHOOL USES THE ANALYSIS OF SSS IN DETERMINING THE AMOUNT OF EACH STUDENT'S FINANCIAL AID AWARD. THE STUDENT'S TUITION BILL IS REDUCED BY THE AMOUNT OF THE FINANCIAL AID AWARDED. X 1 1 X X X X X 1 1 0 0 0 0 0 1 0 MR THOMAS W PHILIP HEAD OF SCHOOL 365238 0 200000 0 450516 0 536400 0 168243 0 1720397 0 450000 0 MR THOMAS MURRAY CHIEF ADVANCEMENT OFFICER 245252 0 60000 0 65464 0 33313 0 119741 0 523770 0 0 0 MS KATHLEEN HARRINGTON CHIEF FINANCIAL OFFICER 244628 0 80000 0 516 0 98313 0 61313 0 484770 0 0 0 MR KARL PATRICK ANDREN CHIEF OPERATING OFFICER 224988 0 0 0 34728 0 31012 0 154945 0 445673 0 0 0 MR DAVID BRUCE DIR OF MS ADMISSION & DIR. OF FIN. AID 158863 0 0 0 71907 0 18389 0 115405 0 364564 0 0 0 MR DOUGLAS BURDETT DIRECTOR OF COLLEGE GUIDANCE 177360 0 0 0 18516 0 49362 0 80077 0 325315 0 0 0 MR AARON MONTGOMERY MATH TEACHER & SWIM PROGRAM DIR. 140660 0 0 0 67365 0 19481 0 75194 0 302700 0 0 0 MR SUNIL GUPTA DIRECTOR OF TECHNOLOGY 188870 0 0 0 516 0 24921 0 59873 0 274180 0 0 0 PART I, LINE 1A HOUSING BENEFITS PROVIDED TO THE HEAD OF SCHOOL, CHIEF FINANCIAL OFFICER, AND THE DIRECTOR OF TECHNOLOGY, AND ARE TREATED AS NON-TAXABLE COMPENSATION UNDER INTERNAL REVENUE CODE SECTION 119. THESE PERSONS ARE REQUIRED TO LIVE ON SCHOOL PREMISES AS A CONDITION OF THEIR EMPLOYMENT, AND THE HOUSING BENEFITS ARE PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER. THE AMOUNTS ARE INCLUDED IN PART II, COLUMN (D). - THOMAS PHILIP - $130,000. - KATHLEEN HARRINGTON - $33,000 - SUNIL GUPTA - $33,000 HOUSING BENEFITS PROVIDED TO THE FOLLOWING REPORTED EMPLOYEES ARE TREATED AS TAXABLE COMPENSATION. THE AMOUNTS ARE INCLUDED IN PART II, COLUMN B(III). - DAVID BRUCE - $18,000 - DOUGLASS BURDETT- $18,000 - AARON MONTGOMERY- $12,800 - KARK PATRICK ANDREN - $18,000 PART I, LINES 4A-B THOMAS PHILIP, KATHLEEN HARRINGTON, AND DOUGLAS BURDETT PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. EMPLOYER CONTRIBUTIONS TO THIS PLAN ARE LISTED BELOW, AND ARE INCLUDED IN PART II, COLUMN C: THOMAS PHILIP - $500,000 KATHLEEN HARRINGTON - $65,000 DOUGLAS BURDETT - $25,000 THOMAS W. PHILIP RECEIVED A DISTRIBUTION FROM THE PLAN IN THE AMOUNT OF $450,000. THIS AMOUNT IS INCLUDED IN PART II, COLUMN B(III), AS WELL AS REPORTED IN COLUMN (F) AS REPORTED AS DEFERRED COMPENSATION ON PRIOR FORM 990. PART I, LINE 7 THE ORGANIZATION PAID BONUSES IN 2021. THE BONUSES WERE DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, BASED UPON A REVIEW OF THEIR PERFORMANCES, AND WERE APPROVED BY THE COMMITTEE PRIOR TO THEIR AWARD. SCHEDULE J, PART II COLUMN D: NONTAXABLE BENEFITS REPORTED IN COLUMN (E) INCLUDE CONTRIBUTIONS TO EMPLOYEE HEALTH, RETIREMENT AND OTHER BENEFIT PLANS FOR ALL EMPLOYEES, AND TUITION BENEFITS FOR EMPLOYEES WITH CHILDREN ATTENDING THE SCHOOL AND/OR GREENWICH ACADEMY, ITS SISTER SCHOOL. A CT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 20774LZV0 2012-03-29 38470000 TO REFUND 1999 AND 2003 BOND ISSUES. 1 0 0 A 12590000 40325000 41990411 41903852 576414 2005 1 1 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF ISSUE ON LINE 3 ALSO INCLUDES THE $3,520,411 PREMIUM PAID FOR THE BONDS. 44100 FINANCIAL AID SEE PART V SCHEDULE L, PART III: (E) PURPOSE OF ASSISTANCE:NEED-BASED TUITION ASSISTANCEGRANTS OR OTHER ASSISTANCE BENEFITTING INTERESTED PERSONS:STUDENTS OF TRUSTEES AND OFFICERS RECEIVING FINANCIAL AID FOLLOW THE SAME NEED-BASED ASSESSMENT AS OTHER STUDENTS RECEIVING FINANCIAL AID. X 42 1415698 AVG. SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN COLUMN (B). SCHEDULE M, LINE 31: GIFT ACCEPTANCE POLICY THE SCHOOL EMPLOYS A GIFT ACCEPTANCE POLICY THAT ASSURES COMPLETE, ACCURATE AND CONSISTENT REPORTING OF GIFTS AND PLEDGES, COMPLIES WITH INTERNAL REVENUE SERVICE REGULATIONS AND ACCEPTABLE BUSINESS PRACTICES, PROTECTS THE SCHOOL'S REPUTATION AND TAX EXEMPT STATUS AND UPHOLDS ETHICAL GIVING STANDARDS AND AVOIDS REAL OR PERCEIVED CONFLICTS OF INTEREST. THE POLICY APPLIES TO THE DEVELOPMENT OFFICE STAFF AND ALL OTHER PERSONS INVOLVED IN SOLICITING, DOCUMENTING, ADMINISTERING, AND ACKNOWLEDGING GIFTS MADE FOR THE BENEFIT OF BRUNSWICK SCHOOL. THE POLICY IS DESIGNED TO ENSURE THAT DONORS FIND THE PROCESS OF GIVING EASY, UNDERSTANDABLE, AND CONSISTENT; THAT GIFTS ARE APPROPRIATE TO THE MISSION AND PRIORITIES OF THE SCHOOL; THAT NO GIFTS IMPOSE UNANTICIPATED FINANCIAL BURDENS ON THE SCHOOL; AND THAT IF GIFTS ARE RESTRICTED OR INTENDED FOR LONG-TERM USE, DOCUMENTATION OF THE PURPOSE FULFILLMENT IS MAINTAINED AND COMMUNICATED TO THE DONOR. FORM 990, PART III, LINE 1 CONTINUED: THROUGH A RICH AND RIGOROUS COLLEGE PREPARATORY CURRICULUM, THE SCHOOL STRIVES FOR THE FULLEST INTELLECTUAL DEVELOPMENT OF EVERY YOUNG MAN. THE SCHOOL'S ACADEMIC PROGRAMS SEEK TO INSTILL IN EACH STUDENT A DESIRE TO LEARN, TO CHALLENGE EACH BOY TO FULFILL HIS OWN UNIQUE POTENTIAL, TO FOSTER CRITICAL THINKING SKILLS AND TO DEVELOP THE CREATIVE AND INDEPENDENT QUALITIES OF MIND NECESSARY FOR INTELLECTUAL MATURITY AND INCREASED SELF-CONFIDENCE. THE SCHOOL ALSO BELIEVES THAT A COMPLETE EDUCATION MUST INCLUDE LESSONS THAT TAKE PLACE OUTSIDE THE CLASSROOM. THROUGH ATHLETICS, ARTS AND SERVICE TO THE COMMUNITY, EVERY STUDENT IS ENCOURAGED TO DEVELOP HIS TALENTS TO THE FULLEST, TO UNDERSTAND THE OBLIGATION TO SHARE THEM GENEROUSLY, TO TAKE RISKS TO ENSURE GROWTH AND TO REFUSE TO ACCEPT A NARROW DEFINITION OF HIMSELF. AND AS ITS YOUNG MEN GROW IN AN ATMOSPHERE OF TRUST, CARE AND MUTUAL RESPECT, THE SCHOOL ACCEPTS THAT ITS OVERRIDING OBJECTIVE IS TO FOSTER THE DEVELOPMENT OF STRONG CHARACTER. THE SCHOOL STRIVES TO INSTILL IN ITS STUDENTS THE VALUES OF HONESTY, INTEGRITY, COMPASSION AND TOLERANCE AND TO DEVELOP IN EACH STUDENT A SENSE OF RESPONSIBILITY TO HIMSELF, TO THOSE AROUND HIM, TO THE SCHOOL COMMUNITY AND TO THE GREATER SOCIETY. THE SCHOOL BELIEVES, ABOVE ALL ELSE, THAT IT IS THE STRENGTH OF A YOUNG MAN'S CHARACTER AND THE DEPTH OF HIS SPIRIT THAT DETERMINE AND DEFINE ALL GENUINE AND LASTING SUCCESS. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS THEN REVIEWED BY THE SCHOOL'S CHIEF FINANCIAL OFFICER BEFORE BEING REVIEWED BY THE TREASURER OF THE BOARD OF TRUSTEES. THIS REVIEW IS DISCUSSED AT THE AUDIT/FINANCE COMMITTEE MEETING AND THE BOARD OF TRUSTEES MEETING AND IS DOCUMENTED IN THE MINUTES. THE COMPLETED FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C EACH PERSON SERVING AS A TRUSTEE, OFFICER OR KEY EMPLOYEE OF BRUNSWICK SCHOOL SHALL ANNUALLY COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM, IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE PERSON AND/OR HIS OR HER IMMEDIATE FAMILY IS INVOLVED THAT HE OR SHE BELIEVES COULD GIVE RISE TO A CONFLICT OF INTEREST. THE CHAIR OF THE BOARD OF TRUSTEES AND THE HEAD OF SCHOOL SHALL REVIEW EACH DISCLOSURE FORM AND DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST IT SHALL BE DISCLOSED TO THE BOARD OF TRUSTEES, OR ITS AUDIT AND FINANCE COMMITTEE, AND MADE A MATTER OF RECORD THROUGH AN APPROVED PROCEDURE. THE PRIOR APPROVAL OF THE BOARD OF TRUSTEES OR AUDIT AND FINANCE COMMITTEE SHALL BE REQUIRED FOR ANY BUSINESS ARRANGEMENT OR TRANSACTION INVOLVING A TRUSTEE OR KEY EMPLOYEE WHICH MAY CONSTITUTE A CONFLICT OF INTEREST. APPROVAL SHALL BE GRANTED ONLY IF THE ARRANGEMENT OR TRANSACTION IS FULLY DISCLOSED AND IS DETERMINED TO BE ON TERMS WHICH ARE FAIR TO AND IN THE BEST INTERESTS OF BRUNSWICK SCHOOL. ANY TRUSTEE HAVING A CONFLICT OF INTEREST SHALL NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER, AND SHALL NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE BOARD OR COMMITTEE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (COMPRISED OF TRUSTEES WITH NO CONFLICTS OF INTEREST WITH REGARD TO INDIVIDUALS UNDER REVIEW) HIRES A CONSULTANT EVERY YEAR TO REVIEW COMPARABLE PACKAGES FOR THE HEAD OF SCHOOL, THE CHIEF FINANCIAL OFFICER, AND THE CHIEF ADVANCEMENT OFFICER. THE CONSULTANT PRESENTS DATA FOR COMPARABLE POSITIONS BOTH LOCALLY AND NATIONALLY, INCLUDING FORMS 990 OF OTHER ORGANIZATIONS AND COMPENSATION STUDIES/SURVEYS. THE COMPENSATION COMMITTEE MAKES THE FINAL DECISION OF THE PERFORMANCE-BASED COMPENSATION OF THE CURRENT YEAR AND SETS THE ANNUAL SALARY FOR THE FOLLOWING YEAR, ASSUMING CONTINUATION OF EMPLOYMENT. THE DECISION IS APPROVED BY THE COMMITTEE AND DOCUMENTED. THE PROCESS WAS LAST CONDUCTED IN 2022. THE HEAD OF SCHOOL DETERMINES THE COMPENSATION OF OTHER EMPLOYEES BASED ON EXPERIENCE, CURRENT PERFORMANCE AND COMPARABLE LOCAL AND NATIONAL POSITIONS USING NAIS STATISTICS AND COMPARABLE LOCAL AND NATIONAL DATA USING AVAILABLE STATISTICS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. 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