2023-11-14T14:33:46-06:00 2023-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PLLC 19 MORGAN DRIVE LEBANON NH 03766 990 2022-07-01 020222147 KIMBALL UNION ACADEMY KIMB 6034692160 PO BOX 188 MERIDEN NH 037700188 GERARD MURPHY CFO 6034692160 2023-11-13 1 GERARD MURPHY 999009999 0 MITCHELL R STAGNONE CPA P02371855 6036530044 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GERARD MURPHY MAIN STREET MERIDEN NH 03770 37930726 0 X WWW.KUA.ORG X 1813 NH SECONDARY EDUCATION 19 19 191 19 121748 0 5843740 3507807 22749828 23297255 1547320 1004784 140398 223135 30281286 28032981 5583618 5798194 0 0 10935129 11726041 0 0 1660738 9507043 10499746 26025790 28023981 4255496 9000 121447571 127439171 31458072 31000486 89989499 96438685 OUR MISSION IS TO CREATE A DEEP SENSE OF BELONGING FOR EVERY MEMBER OF OUR COMMUNITY. THROUGH INTENTIONALLY DESIGNED EXPERIENCES AND CHALLENGES, OUR STUDENTS DEVELOP THE KNOWLEDGE, VOICE, AND CHARACTER TO LIVE WITH PURPOSE AND INTEGRITY. 0 0 22620373 5798194 23297255 PRIVATE HIGH SCHOOL THAT SERVES 258 BOARDING STUDENTS AND 83 DAY STUDENTS. 22620373 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 118 0 1 191 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X GERARD MURPHY 6034692000 KIMBALL UNION ACADEMY MERIDEN NH 037700188 CHRISTOPHER YOSHIDA TRUSTEE 1.00 X 0 0 0 CLYDE NEVILLE TRUSTEE 1.00 X 0 0 0 DAVID ALLYN TRUSTEE 1.00 X 0 0 0 DONALD LOWERY TRUSTEE 1.00 X 0 0 0 EDWARD HILD TRUSTEE 1.00 X 0 0 0 GLENN POGUST SECRETARY 1.00 X X 0 0 0 JADIHEL TAVERAS TRUSTEE 1.00 X 0 0 0 JENNIFER BORISLOW TRUSTEE 1.00 X 0 0 0 KARLA RADKE VICE CHAIR OF THE BOARD 1.00 X X 0 0 0 MOLLY STEFFEY CHAIR OF THE BOARD 1.00 X X 0 0 0 PETER SCHIEFFELIN TREASURER 1.00 X X 0 0 0 ROBIN GRONLUND TRUSTEE 1.00 X 0 0 0 SETH SHORTLIDGE TRUSTEE THRU MAY 2023 1.00 X 0 0 0 STEPHEN TAYLOR TRUSTEE 1.00 X 0 0 0 VIVA HARDIGG TRUSTEE 1.00 X 0 0 0 DAVID BARRETTE TRUSTEE 1.00 X 0 0 0 SCOTT HAMNER TRUSTEE AS OF MAY 2023 1.00 X 0 0 0 NEERAJ GARG TRUSTEE 1.00 X 0 0 0 KEITH MILNE TRUSTEE AS OF MAY 2023 1.00 X 0 0 0 SHELDON STANSFIELD TRUSTEE AS OF MAY 2023 1.00 X 0 0 0 TYLER LEWIS HEAD OF SCHOOL 40.00 X 371907 0 116985 GERARD MURPHY CFO AS OF JULY 2022 40.00 X 86462 0 20755 THOMAS KARDEL ASSISTANT HEAD OF SCHOOL 40.00 X 109415 0 24848 STACEY SUMMERFIELD DIRECTOR OF INSTITUTIONAL ADVANCEMENT 40.00 X 196192 0 62353 BROOKE HERNDON DEPUTY DIRECTOR DEVELOPMENT 40.00 X 114412 0 40879 TIMOTHY WHITEHEAD ASSOC. DIRECTOR ADVANCEMENT 40.00 X 102043 0 15225 ROBERT BLAKE FORMER CFO 0.00 X 159636 0 32580 1140067 0 313625 6 1 1 0 SAGE DINING SERVICES 1402 YORK RD LUTHERVILLE MD 21093 DINING SERVICES 1574333 DEW CONSTRUCTION CORP 277 BLAIR PARK RD STE 130 WILLISTON VT 05495 CONSTRUCTION 716104 EXPRESS CLEANING LLC 216 BUTTERNUT ROAD WHITE RIVER JCT VT 05001 CLEANING 464504 MAKS TRUCKING AND EXCAVATION LLC 909 ROUTE 120 MERIDEN NH 03770 CONSTRUCTION 316220 ALEXANDER CONCRETE LLC 31 RIDGEWOOD DR WILMOT NH 03287 CONSTRUCTION 210700 5 3507807 276900 3507807 TUITION 611710 21739560 21739560 PROGRAM SUPPORT 611710 1394433 1394433 SUMMER PROGRAMS 611710 163262 163262 23297255 1527131 1527131 40845 0 40845 40845 40845 9019183 9508758 32772 -489575 -32772 -522347 -522347 333151 356215 -23064 -23064 CHILD CARE FEES - NON- 624410 106407 106407 CHILD CARE FEES - KUA 624410 83606 83606 ATHLETIC FACILITY RENT 713940 15341 15341 205354 28032981 23297255 121748 1106171 5798194 5798194 707497 353749 353748 8087168 5994888 1371393 720887 688945 503062 127567 58316 1629301 1185264 307755 136282 613130 441719 121712 49699 60779 60779 88917 88917 65997 65997 1749813 977819 410672 361322 59674 49099 10575 1387748 942208 324857 120683 237231 226091 20 11120 1695 1695 1371799 1280848 71719 19232 157319 98407 43094 15818 501164 467856 26265 7043 2567205 2396589 134539 36077 99605 99605 FOOD AND DINING 1849781 1644019 81968 123794 ATHLETIC EXPENSES 169489 169489 BAD DEBTS 79317 79317 MEMBERSHIP DUES 52213 10060 41688 465 28023981 22620373 3742870 1660738 1387380 1730904 7336693 9138254 1171065 533601 11805542 9557103 249869 190205 423995 344505 74853727 37168690 36027075 37685037 60849029 65906250 2196923 2353312 121447571 127439171 1038163 1789741 15872698 15625407 12609731 12257637 361996 322092 1575484 1005609 31458072 31000486 X 67723268 70081752 22266231 26356933 89989499 96438685 121447571 127439171 X 9000 5747278 692908 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58363682 405444 6007086 2273000 62503212 63965145 1571056 -5739519 1433000 58363682 53009559 89838 12038748 1173000 63965145 51944184 98203 1794770 827598 53009559 31078466 20077547 2437036 1648865 51944184 0.71551 0.22770 0.05682 1 0 1888311 1888311 65397438 33062634 32334804 3250286 2491062 759224 4317692 1614994 2702698 37685037 INTEREST RATE SWAP 320561 RETIREMENT OBLIGATION 685048 1005609 X 28965191 5747278 -4749071 998207 27966984 65997 65997 28032981 22516005 356215 356215 22159790 65997 5798194 5864191 28023981 PART V, LINE 4: KIMBALL UNION ACADEMY USES THEIR ENDOWMENT FUNDS FOR ACADEMICS, THE EQUESTRIAN PROGRAM, DEPARTMENT MANAGER SALARIES, FINANCIAL AID, BUILDING MAINTENANCE, BOOKS, AND OPERATING SUPPORT. PART X, LINE 2: THE ACADEMY QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACADEMY REPORTS CERTAIN PROGRAM SUPPORTING REVENUE, SUCH AS ITS HOCKEY FACILITY AND DAY CARE CENTER, ON FORM 990-T SUBJECT TO EXCISE TAX. IN ADDITION, THE ACADEMY FILES A BUSINESS ENTERPRISE TAX RETURN IN NEW HAMPSHIRE. THE ACADEMY HAS ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. SUBTOPIC 740-10 ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORELIKELY- THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ACADEMY HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS. IF THE ACADEMY INCURS INTEREST OR PENALTIES AS A RESULT OF UNRECOGNIZED TAX POSITIONS, THE POLICY IS TO CLASSIFY INTEREST ACCRUED WITH INTEREST EXPENSE AND PENALTIES THEREON WITH MANAGEMENT AND GENERAL EXPENSES. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -5,798,194. INTEREST RATE SWAP 583,267. COST OF GOODS SOLD 356,215. CHANGE IN VALUE OF BENEFICIAL INTEREST 59,641. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 50,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 356,215. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,798,194. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 KIMBALL UNION ACADEMY'S NONDISCRIMINATORY POLICY IS PUBLISHED ON ITS WEBSITE, ON ITS APPLICATION AND EMPLOYMENT DOCUMENTS, AND IN EMPLOYMENT ADS. THE NONDISCRIMINATORY POLICY IS ALSO INCLUDED IN THEIR ADMISSIONS MATERIALS, INCLUDING THEIR APPLICATION FOR ADMISSION. EVERY STUDENT HAS AN ANNUAL CONTRACT WITH THE SCHOOL THAT CLEARLY STATES THE SCHOOL'S NONDISCRIMINATORY POLICY. 1 FINANCIAL AID 158 5798194 FINANCIAL AID PART I LINE 2 THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT THE BUSINESS OFFICE OF KIMBALL UNION ACADEMY. THE AMOUNT OF FINANCIAL AID AWARDED IS CREDITED TO EACH RECIPIENT'S ACCOUNT AND THE NET AMOUNT DUE TO THE SCHOOL IS THEN BILLED TO THE STUDENT. X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 TYLER LEWIS HEAD OF SCHOOL 315364 0 45000 0 11543 0 30500 0 86485 0 488892 0 0 0 STACEY SUMMERFIELD DIRECTOR OF INSTITUTIONAL ADVANCEMEN 195873 0 0 0 319 0 21025 0 41328 0 258545 0 0 0 ROBERT BLAKE FORMER CFO 83694 0 75000 0 942 0 9388 0 23192 0 192216 0 0 0 BROOKE HERNDON DEPUTY DIRECTOR DEVELOPMENT 114002 0 0 0 410 0 12229 0 28650 0 155291 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO A MAJORITY OF THE FACULTY, TO THE EXTENT ON-CAMPUS HOUSING IS AVAILABLE, IN ORDER FOR THE FACULTY TO FULFILL THEIR LOCO PARENTIS RESPONSIBILITIES. A NHHEFA 020279866 664614TA7 2015-08-27 14657301 REFINANCE EXISTING BONDS AND RENOVATIONS 0 0 0 A 14657301 232108 2000000 375193 2015 0 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 1 1 UNITED BANK 10.000000000000 0 0 0 0 0 A 1 RENEE LEWIS TEACHER/ASSISTANT COACH 41000 RENEE LEWIS, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE HEAD OF SCHOOL. 0 FIRST POINT POWER LLC BUSINESS OWNER 129000 BOARD MEMBER IS 52% OWNER 0 X 11 266661 FMV X IN KIND 5 10239 FMV 0 1 1 PART I, LINE 32B: THE ORGANIZATION'S GIFTS OF STOCK ARE TRANSFERRED TO A BROKERAGE HOUSE FOR IMMEDIATE SALE. REAL ESTATE GIFTS NOT CORE TO THE MISSION OF THE ACADEMY ARE PLACED WITH A QUALIFIED, LOCAL REAL ESTATE BROKER AND PLACED FOR SALE. FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT AUDITORS DISCUSSED PREPARATION OF THE FORM 990 WITH THE ORGANIZATION'S AUDIT COMMITTEE IN DETAIL. A DRAFT COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD FOR TRUSTEE INSPECTION BEFORE FILING. THE CFO AND THE AUDIT COMMITTEE CHAIR ALSO BRIEF THE TRUSTEES ON KEY ELEMENTS OF THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH TRUSTEE, PRIOR TO TAKING A POSITION ON THE BOARD, TO SUBMIT IN WRITING ANY POSSIBLE CONFLICTS. THE ORGANIZATION REQUIRES EACH TRUSTEE TO UPDATE THE LISTS ANNUALLY. TRUSTEES HAVING A FINANCIAL INTEREST IN THE TRANSACTION AT HAND ARE NOT ALLOWED TO VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE. THE COMMITTEE PERIODICALLY HIRES A THIRD-PARTY EXPERT TO REVIEW, BENCHMARK, AND ASSIST IN THE NEGOTIATION OF THE HEAD'S CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP ADJUSTMENT 583,267. CHANGE IN VALUE OF BENEFICIAL INTEREST 59,641. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 50,000.