2022-02-18T08:27:39-06:00 2021-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2020-07-01 060646786 MISS PORTER'S SCHOOL INC MISS 8604093500 60 MAIN STREET FARMINGTON CT 060322232 MICHAEL J BERGIN CFO 8604093500 2022-02-15 1 MICHAEL BERGIN 999009999 JOHN TOSCANO P00358542 8605614000 2022-02-15 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL J BERGIN 60 MAIN STREET FARMINGTON CT 060322232 85128542 0 X WWW.PORTERS.ORG X 1943 CT MISS PORTER'S SCHOOL EXCELS AT PREPARING YOUNG WOMEN FOR COLLEGE, FOR LEADERSHIP, AND FOR LIFE. OUR ATTENTIVE, DIVERSE BOARDING AND DAY COMMUNITY PROVIDES A DEMANDING CURRICULUM - ACADEMIC, ARTISTIC, ATHLETIC AND RESIDENTIAL. WE CHALLENGE OUR STUDENTS TO BECOME INFORMED, BOLD, RESOURCEFUL AND ETHICAL GLOBAL CITIZENS. WE EXPECT OUR GRADUATES TO SHAPE A CHANGING WORLD. 25 24 243 304 44790 0 6665661 10992709 19743329 19764125 16053521 5060584 362847 306459 42825358 36123877 4362022 4722594 0 0 14452928 15538741 0 0 3009435 10604510 11645591 29419460 31906926 13405898 4216951 187780731 239110560 21496339 29046177 166284392 210064383 MISS PORTER'S SCHOOL EDUCATES YOUNG WOMEN TO BECOME INFORMED, BOLD, RESOURCEFUL AND ETHICAL GLOBAL CITIZENS. WE EXPECT OUR GRADUATES TO SHAPE A CHANGING WORLD. 0 0 21703089 4722594 19750024 INDEPENDENT SECONDARY SCHOOL WITH 215 BOARDING AND 117 DAY STUDENTS. IN ADDITION, AUXILIARY PROGRAMS ARE HOSTED BY THE SCHOOL ON-LINE OR IN THE SUMMER SERVING 154 STUDENTS. 21703089 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 100 0 1 243 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X MICHAEL J BERGIN 8604093500 60 MAIN STREET FARMINGTON CT 060322232 KATHERINE G WINDSOR HEAD OF SCHOOL 40.00 X X 633477 0 224629 GAYLYNN BURROUGHS VICE CHAIR OF THE BOARD 5.00 X X 0 0 0 DR KIMBERLY BOWERS CAPRIO TRUSTEE 1.00 X 0 0 0 SARAH CLARK SECRETARY 5.00 X X 0 0 0 SOPHIE BASS CROMMETT TRUSTEE 1.00 X 0 0 0 ILONA RAND DOTSON TRUSTEE 2.00 X 0 0 0 ALTHEA BEATON DUCARD TRUSTEE 3.00 X 0 0 0 ELIZABETH GORMAN TRUSTEE 1.00 X 0 0 0 DIANA HOBSON TRUSTEE 1.00 X 0 0 0 MAUREEN HUNTER TRUSTEE 1.00 X 0 0 0 ALISON KEATING TRUSTEE 1.00 X 0 0 0 LISA KUNSTADTER TRUSTEE 2.00 X 0 0 0 SARAH KLISH LIU TRUSTEE 3.00 X 0 0 0 MARTIN NANCE TRUSTEE 3.00 X 0 0 0 ELIZABETH DENNY ONEGLIA TRUSTEE 2.00 X 0 0 0 MARTHA POMERANTZ TRUSTEE 3.00 X 0 0 0 AMANI REED TRUSTEE 2.00 X 0 0 0 REMY SCHWARTZ TRUSTEE 1.00 X 0 0 0 LISA TOWNSON SEAMAN TRUSTEE 3.00 X 0 0 0 TIA SILAS TRUSTEE 1.00 X 0 0 0 NANCY SIMPKINS CHAIR OF THE BOARD 5.00 X X 0 0 0 ASHLEY JONES TAGATAC TRUSTEE 1.00 X 0 0 0 CLAIRE THEOBALD TREASURER 5.00 X X 0 0 0 JONATHAN USICH TRUSTEE 1.00 X 0 0 0 JANET WILLIAMSON TRUSTEE 1.00 X 0 0 0 MICHAEL BERGIN CFO/COO 40.00 X 341917 0 99009 CHRISTINE PINA CHIEF ADVANCEMENT OFFICER 40.00 X 280847 0 92385 ELIZABETH SCHMITT CHIEF ENROLLMENT AND STUDE 40.00 X 176456 0 93671 TIMOTHY QUINN CHIEF ACADEMIC OFFICER AND 40.00 X 148167 0 81614 CHRISTINA DIEGUEZ-KUO CAMPAIGN DIRECTOR 40.00 X 147370 0 15338 RICHARD HIGLEY DIR. OF FACILITIES SERVICES 40.00 X 135293 0 38516 1863527 0 645162 8 0 1 0 O & G INDUSTRIES INC 112 WALL STREET TORRINGTON CT 06790 CONSTRUCTION 5177919 CENTERBROOK ARCHITECTS & PLANNERS LLP PO BOX 955 CENTERBROOK CT 06409 ARCHITECTURAL SERVICES 1382908 CONSTRUX CO LLC PO BOX 341229 HARTFORD CT 06134 CONSTRUCTION 1027033 BROCK AND COMPANY INC 257 GREAT VALLEY PARKWAY MALVERN PA 19355 FOOD SERVICES 1020490 CONTEMPO RESTORATION REMODELING & PAINT PO BOX 1454 FARMINGTON CT 06034 CONSTRUCTION 642875 14 702056 10290653 1595141 10992709 TUITION & FEES 611110 19605694 19605694 PROGRAM SUPPORTING REVENUES 611110 100741 100741 AUXILIARY INCOME 611110 57690 57690 19764125 1333932 6934 1326998 37440 0 37440 37440 36500 940 52672318 48945666 3726652 3726652 1356 3725296 44898 58999 -14101 -14101 DAY CARE INCOME 624410 283120 283120 283120 36123877 19750024 44790 5336354 X 4722594 4722594 1953049 877799 928950 146300 9495238 5649928 1959264 1886046 1048418 616964 236013 195441 2341696 1361810 661824 318062 700340 400414 175261 124665 113512 113512 58250 58250 430964 430964 3686442 2733224 707644 245574 1177539 863672 271714 42153 221715 186126 31745 3844 1049035 860209 188826 31386 25113 6273 69433 56254 9422 3757 1100610 403346 697264 3049521 2500607 548914 282518 231665 50853 DEPARTMENTAL EVENTS AND 202168 110977 67281 23910 MEMBERSHIP DUES 99906 42021 38202 19683 ROF EXPENSES 69088 60366 8722 0 BAD DEBTS 2140 0 2140 0 1364 1364 31906926 21703089 7194402 3009435 1150275 808284 9154638 6012240 3939253 3438682 53597 751241 181458 182629 78215 94904 618276 774373 102575913 47169431 39278476 55406482 61657562 68635344 71668981 102234269 0 772112 187780731 239110560 1468885 2239135 3305726 3903630 16199141 22387999 55824 47882 466763 467531 21496339 29046177 X 43513084 58938036 122771308 151126347 166284392 210064383 187780731 239110560 X 4216951 38814073 748967 X X 0 1 X 1 0 X 4912616 4981433 9004108 6665661 10992709 36556527 4912616 4981433 9004108 6665661 10992709 36556527 9435295 27121232 439833 726539 2383907 1387776 1327938 6265993 253556 140341 170622 136858 44790 746167 261250 294650 320153 243838 283120 1403011 44971698 94996009 0.60310 0.66420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: DAYCARE CENTER - 2016 AMOUNT: $ 249,973. 2017 AMOUNT: $ 284,035. 2018 AMOUNT: $ 320,153. 2019 AMOUNT: $ 243,838. 2020 AMOUNT: $ 283,120. FUNDRAISING PROCEEDS - 2016 AMOUNT: $ 11,277. 2017 AMOUNT: $ 10,615. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 133438654 525132 43430587 1204099 5238196 170952078 129307370 889724 9519282 1297183 4980539 133438654 123778495 4184297 7376024 986443 5045003 129307370 114889758 2273869 12547145 964728 4967549 123778495 105878901 1126780 13519395 937505 4697813 114889758 0.15610 0.84390 0.00000 0 0 1923792 1923792 82377261 36127876 46249385 11352851 8805171 2547680 6922009 2236384 4685625 55406482 OPPORTUNISTIC - FIXED INCOME 4351877 F LARGE CAP EQUITY FUNDS 26495332 F INTERNATIONAL EQUITY FUNDS 8947136 F FUND OF FUNDS 26652433 F PRIVATE EQUITY 30158890 F PRIVATE CREDIT 1246774 F REAL ASSETS 231827 F REAL ESTATE - OPEN ENDED 4150000 F 102234269 STUDENT ACTIVITY FUNDS 71481 ANNUITIES PAYABLE 396050 467531 X 70592358 38814073 895464 39709537 30882821 430964 4810092 5241056 36123877 26812367 58999 58999 26753368 430964 4722594 5153558 31906926 PART IV, LINE 2B: SECURITY DEPOSITS FOR HOUSING ARE HELD IN AN ESCROW ACCOUNT. PART V, LINE 4: INCOME FROM ENDOWMENT FUNDS IS DRAWN IN ACCORDANCE WITH THE SCHOOL'S SPENDING POLICY AND USED IN ACCORDANCE WITH DONOR - IMPOSED STIPULATIONS OR, IN THE ABSENCE THEREOF, TO SUPPORT THE SCHOOL'S GENERAL OPERATING EXPENSES, INCLUDING SALARIES, FINANCIAL AID AND FACILITIES MAINTENANCE. PART X, LINE 2: THE SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2021 AND 2020. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2018 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 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 58,999. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 64,353. CHANGE IN VALUE OF INTEREST RATE SWAP 772,112. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,722,594. PROVISION FOR UNCOLLECTIBLE PLEDGES 87,498. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 58,999. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,722,594. 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 STATEMENT ON NONDISCRIMINATION IS PUBLISHED YEAR-ROUND ON THE SCHOOL'S WEBSITE. ALL PRINT ADVERTISEMENTS INCLUDE AN ABRIDGED VERSION OF THIS POLICY. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES SOFTWARE, EQUIPMENT 80 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES RESIDENTIAL SOFTWARE BOARDINGWARE INTERNATIONAL 8960 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES PUBLICATION NOUVELLES-DECOUVERTES 4000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 40631240 0 0 0 0 0 0 40644280 0 40644280 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 3(D) INVESTMENTS INCLUDED IN THIS SECTION RELATE TO INVESTMENT HOLDINGS INCLUDED IN THE SCHOOL'S ENDOWMENT PORTFOLIO. 1 SCHOLARSHIPS FOR STUDENTS ATTENDING MPS 162 4649903 FMV REDUCTION IN TUITION MEDICAL INSURANCE PREMIUMS AND EXPENSES 3 6060 FMV CASH ASSISTANCE AND SCHOOL EXPENSES 63 66631 FMV PART I, LINE 2: FINANCIAL AID IS DETERMINED THROUGH THE ANALYSIS OF A FAMILY'S FINANCIAL RESOURCES, INCLUDING INCOME AND ASSETS. TO DETERMINE AWARDS, THE FINANCIAL AID COMMITTEE EVALUATES FINANCIAL INFORMATION AND STRIVES TO MAKE FAIR AND OBJECTIVE FINANCIAL AID DECISIONS BASED ON THE NEEDS ANALYSIS CALCULATED BY THE SCHOOL AND STUDENT SERVICES SYSTEM (SSS) FOR FINANCIAL ASSISTANCE, A SERVICE OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. SSS PROVIDES PORTER'S WITH A REPORT OF FAMILY CONTRIBUTION WHICH IS USED AS A GUIDE. HOWEVER, THE SCHOOL COMPLETES AN INDEPENDENT CALCULATION FOR EVERY APPLICATION. X X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 KATHERINE G WINDSOR HEAD OF SCHOOL 383578 0 0 0 249899 0 152137 0 72492 0 858106 0 0 0 MICHAEL BERGIN CFO/COO 253838 0 0 0 88079 0 33142 0 65867 0 440926 0 0 0 CHRISTINE PINA CHIEF ADVANCEMENT OFFICER 280847 0 0 0 0 0 35239 0 57146 0 373232 0 0 0 ELIZABETH SCHMITT CHIEF ENROLLMENT AND STUDE 176456 0 0 0 0 0 20115 0 73556 0 270127 0 0 0 TIMOTHY QUINN CHIEF ACADEMIC OFFICER AND 138613 0 1000 0 8554 0 15165 0 66449 0 229781 0 0 0 RICHARD HIGLEY DIR. OF FACILITIES SERVICES 135293 0 0 0 0 0 13754 0 24762 0 173809 0 0 0 CHRISTINA DIEGUEZ-KUO CAMPAIGN DIRECTOR 147370 0 0 0 0 0 15071 0 267 0 162708 0 0 0 PART I, LINE 1A GROSS-UP IS PROVIDED FOR EDUCATION BENEFITS, CERTAIN EMPLOYEES ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. PART OF EMPLOYEE CONTRACT INCLUDES MEMBERSHIP TO A COUNTRY CLUB, HOUSECLEANING SERVICES. PART I, LINE 4B THE HEAD OF SCHOOL PARTICIPATES IN A 457(F) PLAN. A ST CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060646786 2020-07-15 43748428 REFUND 8-18-15 BOND ISSUE AND PROCEEDS FOR CONSTRUCTION AND RENOVATIONS 0 0 0 A 338969 43748428 566665 6502113 16772631 19907018 2021 0 1 0 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 A 1 SCHEDULE K, PART IV, LINE 2C THERE IS NO ARBITRAGE. KATHERINE G WINDSOR HEAD OF SCHOOL PART OF COMPENSATION PACKAGE X 180000 180000 0 1 1 KATHERINE G WINDSOR HEAD OF SCHOOL COMPUTER X 2046 1449 0 0 1 MICHAEL J BERGIN CFO COMPUTER X 2500 208 0 0 1 MICHAEL J BERGIN CFO COMPUTER X 2500 972 0 0 1 182629 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: NAME OF PERSON: MICHAEL J. BERGINCOMPUTER LOANS ARE ENTERED INTO IN ACCORDANCE WITH THE SCHOOL'S POLICY AS OUTLINED IN THE EMPLOYEE HANDBOOK AS SUCH, BOARD APPROVAL WAS NOT NEEDED. X 38 1595141 FMV 0 1 0 PART I, COLUMN (B): ALL AMOUNTS IN COLUMN B REPRESENT THE NUMBER DONORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE SCHOOL'S INDEPENDENT AUDIT FIRM WITH EXTENSIVE REVIEW FROM INTERNAL BUSINESS OFFICE STAFF AND SENIOR MANAGEMENT. A DRAFT IS REVIEWED BY THE AUDIT AND RISK COMMITTEE OF THE BOARD, PER THE AUDIT AND RISK COMMITTEE'S CHARTER. ALL TRUSTEES ARE PROVIDED COPIES FOR FINAL REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ASSISTANT TO THE HEAD OF SCHOOL DISTRIBUTES THE CONFLICT OF INTEREST POLICY TO EACH TRUSTEE AND KEY EMPLOYEE IN ADVANCE OF THE OCTOBER TRUSTEE MEETING. THE SIGNED POLICIES ARE REVIEWED BY THE ASSOCIATE CONTROLLER AND ANY CONFLICTS ARE PRESENTED TO THE AUDIT AND RISK COMMITTEE CHAIR FOR FOLLOW UP. COMPLETED FORMS ARE FILED IN THE BUSINESS OFFICE. DURING COMMITTEE MEETINGS, TRUSTEES MUST ANNOUNCE IF A CONFLICT ARISES REGARDING THE SUBJECT BEING DISCUSSED. THE TRUSTEE CAN DESCRIBE THE CONFLICT AND CHOOSE TO RECUSE THEMSELVES FROM FURTHER CONVERSATION AND VOTING ON THE SUBJECT MATTER. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT COMMITTEE OF THE BOARD PROVIDES OVERSIGHT TO THE HEAD OF SCHOOL'S COMPENSATION AND BENEFITS. THIS COMMITTEE INCLUDES THE CHAIR OF THE BOARD AND TWO OTHER TRUSTEES. THE COMMITTEE'S RECOMMENDATIONS REGARDING THE HEAD OF SCHOOL'S COMPENSATION AND BENEFITS ARE SUBJECT TO APPROVAL BY THE EXECUTIVE COMMITTEE AND/OR THE FULL BOARD. THE COMMITTEE UTILIZES COMPARATIVE COMPENSATION DATA REGARDING PEER SCHOOLS, INCLUDING DATA FROM THE FORTY MEMBERS OF THE ASSOCIATION OF BUSINESS OFFICERS OF PREPARATORY SCHOOLS (ABOPS), WITH A PARTICULAR EMPHASIS ON A SUBSET OF PEER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THE SCHOOL'S GOVERNING DOCUMENTS, ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE BUSINESS OFFICE OVERSEES THE DISTRIBUTION OF REQUESTED DOCUMENTS. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 2,733,224. MANAGEMENT AND GENERAL EXPENSES 707,644. FUNDRAISING EXPENSES 245,574. TOTAL EXPENSES 3,686,442. FORM 990, PART XI, LINE 9: CHANGE IN VALUATION OF SPLIT-INTEREST AGREEMENTS 64,353. PROVISION FOR UNCOLLECTIBLE PLEDGES -87,498. CHANGE IN SWAP VALUE 772,112. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES TO THE SCHOOL'S OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR. 78 GARDEN STREET LLC 60 MAIN STREET FARMINGTON CT 06032 FACULTY HOUSING CT 0 476410 MISS PORTER'S SCHOOL INC 2 MILL LANE LLC 60 MAIN STREET FARMINGTON CT 06032 FACULTY HOUSING CT 0 763052 MISS PORTER'S SCHOOL INC