2022-05-05T15:11:20-05:00 2021-06-30 020354851 MELANSON PC 9 EXECUTIVE PARK DRIVE MERRIMACK NH 03054 990 2020-07-01 030179305 PUTNEY SCHOOL INC PUTN 8023876215 418 HOUGHTON BROOK ROAD PUTNEY VT 053468675 RANDALL D SMITH CFO 8023876245 2022-05-05 1 RANDALL SMITH 999009999 SHERYL L STEPHENS-BURKE CPA P00085224 6038821111 2022-05-05 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOSHUA LAUGHLIN 418 HOUGHTON BROOK ROAD PUTNEY VT 053468675 27742410 0 X WWW.PUTNEYSCHOOL.ORG X 1935 VT INDEPENDENT, COEDUCATIONAL BOARDING AND DAY SECONDARY SCHOOL 23 22 210 152 0 0 2382430 11391912 13858276 12844713 765095 624855 0 0 17005801 24861480 3372241 3401500 0 0 7784053 7707891 0 0 759482 5461126 5843480 16617420 16952871 388381 7908609 50084358 65148933 3177113 4590484 46907245 60558449 X THE ORGANIZATION IS COMMITTED TO DEVELOPING EACH STUDENT'S FULL INTELLECTUAL, ARTISTIC AND PHYSICAL POTENTIAL. STUDENTS ARE ENCOURAGED TO CHALLENGE THEMSELVES INTELLECTUALLY, TO PURSUE RIGOROUS LEARNING FOR ITS OWN SAKE, TO ACTIVELY PARTICIPATE IN AND APPRECIATE THE ARTS, TO CONTRIBUTE MEANINGFULLY TO THE WORK PROGRAM THAT SUSTAINS THE SCHOOL COMMUNITY AND THE FARM ON WHICH IT IS LOCATED, TO ENGAGE IN VIGOROUS ATHLETICS, AND TO DEVELOP A SOCIAL CONSCIOUSNESS AND WORLD VIEW THAT WILL PROVIDE THE FOUNDATION FOR LIFE-LONG MORAL AND INTELLECTUAL GROWTH. (ADOPTED 06/08/97) 0 0 12286074 3401500 12844713 THE PUTNEY SCHOOL PROVIDES AN EDUCATIONAL PROGRAM FOR APPROXIMATELY 239 HIGH SCHOOL STUDENTS IN A COEDUCATIONAL BOARDING SCHOOL SETTING. 12286074 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 38 0 1 210 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 VT X THE ORGANIZATION 8023876245 PUTNEY SCHOOL ELM LEA FARM PUTNEY VT 05346 JOSHUA LAUGHLIN CHAIR 1.00 X 0 0 0 KATY WOLFE CLERK 1.00 X 0 0 0 JOHN BIDWELL TRUSTEE 1.00 X 0 0 0 ELIZABETH BLAYLOCK VICE CHAIR 1.00 X 0 0 0 REBECCA GEARY TRUSTEE 1.00 X 0 0 0 THOMAS STEELE-MALEY TRUSTEE 1.00 X 0 0 0 JOHN MACINTOSH TRUSTEE 1.00 X 0 0 0 PAUL FEARER TRUSTEE 1.00 X 0 0 0 HEATHER FREEDMAN TRUSTEE 1.00 X 0 0 0 JENNIFER JUST TRUSTEE 1.00 X 0 0 0 THAO MATLOCK TRUSTEE 1.00 X 0 0 0 BRECK MONTAGUE TRUSTEE 1.00 X 0 0 0 MARY MONTAGUE TRUSTEE 1.00 X 0 0 0 NKOMO MORRIS TRUSTEE 1.00 X 0 0 0 BOB RAYNOLDS TRUSTEE 1.00 X 0 0 0 CHARLIE YOUNG TRUSTEE 1.00 X 0 0 0 IRA WENDER VICE CHAIR 1.00 X 0 0 0 EMILY JONES HEAD OF SCHOOL/TRUSTEE 40.00 X X 200000 0 19816 NATASHA BYUS TRUSTEE 1.00 X 0 0 0 DANIEL GARCIA GALILI FACULTY/TRUSTEE 1.00 X 42400 0 21427 EMILY DIXON FACULTY/TRUSTEE 1.00 X 41000 0 9238 CORINNE BYUS STUDENT TRUSTEE 1.00 X 0 0 0 EMMA DING STUDENT TRUSTEE 1.00 X 0 0 0 RANDALL SMITH TREASURER/CFO 40.00 X 160100 0 27148 443500 0 77629 2 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES LLC 2400 ANSYS DRIVE SUITE 404 CANONSBURG PA 15317 DINING HALL SERVICE 640163 GRAHAM-PELTON ASSOCIATES INC 101 FEDERAL STREET BOSTON MA 02110 FUNDRAISING CONSULTANTS 204150 SOLARIS ENERGY LLC 430 N COLLEGE AVE SUITE 440 FORT COLLINS CO 80524 SOLAR ENGERGY CONSTRUCTION 113128 3 1582153 9809759 264129 11391912 TUITION AND FEES 611110 12406609 12406609 TUTORING 611110 237702 237702 OTHER REVENUE 900099 129601 129601 LAND USE REVENUE 900099 70801 70801 12844713 83129 83129 3422656 2880930 541726 541726 541726 24861480 12844713 0 624855 3272400 3272400 129100 129100 747418 194761 552657 5290078 4288034 609484 392560 352234 282168 40174 29892 892360 760163 79654 52543 425801 323622 75402 26777 72464 72464 46322 46322 162716 162716 216829 32912 183917 122621 122621 133082 6074 78301 48707 238421 121095 98411 18915 935893 935893 56369 47340 8615 414 8434 199 8235 50245 50245 1261662 1261662 319546 319546 RESIDENTIAL EXPENSES 1275388 1275388 INSTRUCTIONAL EXPENSES 355802 355802 MISCELLANEOUS 293651 287894 5757 LAND USE EXPENSES 238371 238371 55664 55664 16952871 12286074 3907315 759482 3688054 6725613 433005 2327776 97296 123231 120743 111188 121691 108811 38125400 22435926 16773095 15689474 28850474 40062840 50084358 65148933 93519 237076 1191281 2567760 1690622 1589487 201691 196161 3177113 4590484 X 22925459 29987649 23981786 30570800 46907245 60558449 50084358 65148933 7908609 5742595 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 72.00 1 0 X X 0 32043820 8542754 6204734 1121400 45669908 28997975 3541172 126979 1472306 32043820 26397342 2100564 1177673 677604 28997975 24397737 953345 1390364 344104 26397342 22047493 2166539 2084724 1901019 24397737 0.33000 0.26000 0.41000 0 0 93652 93652 32263269 18397459 13865810 5521510 4038467 1483043 246969 246969 15689474 OTHER LIABILITIES 196161 196161 27039859 5742595 5742595 21297264 162716 3401500 3564216 24861480 13388655 0 13388655 162716 3401500 3564216 16952871 PART III, LINE 1A: COLLECTIONS: THE SCHOOL'S COLLECTION IS COMPRISED OF VARIOUS ART OBJECTS THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. THE SCHOOL IS CURRENTLY IN THE PROCESS OF CATALOGING EACH PIECE. EACH ITEM IS CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION, ARE PERFORMED REGULARLY. THE SCHOOL HAS NOT ADOPTED A POLICY TO CAPITALIZE ITS COLLECTIONS; THEREFORE, IN ACCORDANCE WITH FASB 116, CONTRIBUTIONS OF ARTWORK ARE NOT RECOGNIZED IN REVENUE. IN THE EVENT OF THE SALE OF CONTIBUTED ARTWORK, THE SCHOOL RECOGNIZES THE PROCEEDS AND INCREASES THE APPROPRIATE CLASS OF NET ASSETS. PART V, LINE 4: SEE DETAILED DESCRIPTION OF THE INTENDED USE OF ENDOWMENT FUNDS ON THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCED BY FINANCIAL AID 3,401,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REDUCTIONS AGAINST TUITION 3,401,500. 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 POLICY IS STATED IN LITERATURE AND BROCHURES PROVIDED TO ALL CURRENT AND POTENTIAL STUDENTS. IT IS ALSO PUBLISHED IN LOCAL NEWSPAPERS AND ON THE SCHOOL'S WEBSITE. 0 0 0 0 0 0 0 0 0 0 FINANCIAL AID GIVEN BY THE ORGANIZATION TO FOREIGN STUDENTS ATTENDING THE SCHOOL. GUATEMALA 1 45000 REDUCTION IN TUITION FOR STUDENTS WHO QUALIFY FOR FINANCIAL AID. FMV FINANCIAL AID GIVEN BY THE ORGANIZATION TO FOREIGN STUDENTS ATTENDING THE SCHOOL. SWEDEN 1 66100 REDUCTION IN TUITION FOR STUDENTS WHO QUALIFY FOR FINANCIAL AID. FMV FINANCIAL AID GIVEN BY THE ORGANIZATION TO FOREGIN STUDENTS ATTENDING THE SCHOOL. ITALY 1 20000 REDUCTION IN TUITION FOR STUDENTS WHO QUALIFY FOR FINANCIAL AID. FMV 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 0 FINANCIAL AID GIVEN BY THE ORGANIZATION TO STUDENTS ATTENDING THE SCHOOL. 106 3272400 FMV REDUCTION IN TUITION FOR STUDENTS WHO QUALIFY FOR FINANCIAL AID. SCHEDULE I - PARTY IV THE SCHOOL PROVIDES SIGNIFICANT AMOUNTS OF TUITION DEUCTIONS AND DISCOUNTS TO ITS STUDENTS. X 1 1 X 0 0 0 0 0 0 0 0 0 EMILY JONES HEAD OF SCHOOL/TRUSTEE 200000 0 0 0 0 0 9816 0 10000 0 219816 0 0 0 RANDALL SMITH TREASURER/CFO 160100 0 0 0 0 0 19143 0 8005 0 187248 0 0 0 X 3252 257353 FAIR MARKET VALUE X OTHER DONATIONS 25 6776 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES MARY AND BRECK MONTAGUE HAVE A FAMILY RELATIONSHIP. THE TWO TRUSTEES ARE HUSBAND AND WIFE. TRUSTEES NATASHA BYUS AND CORINNE BYUS ARE MOTHER AND DAUGHTER. CORINNE IS A STUDENT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ASSISTANT HEAD OF SCHOOL/CFO AND DIRECTOR OF FINANCE. THEN IT IS PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL, AFTER WHICH THE AUDIT COMMITTEE RECOMMENDS APPROVAL BY THE FULL BOARD. IF NECESSARY THE EXECUTIVE COMMITTEE CAN ACT ON BEHALF OF THE BOARD IN APPROVING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REVIEWS THE POLICY EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S SALARY IS DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND IS AVAILABLE FOR REVIEW BY ANY SCHOOL BOARD MEMBER. EXECUTIVE COMPENSATION FOR ALL EMPLOYEES, OTHER THEN THE HEAD OF SCHOOL, IS SET BY SCHOOL MANANGEMENT. MANAGEMENT INCREASES ARE TIED TO STAFF AND FACULTY INCREASES. THERE IS ALSO A SCALE ASSOCIATED WITH TIME SERVED FOR FACULTY. TO SET SALARIES, A COMPARISON IS DONE BETWEEN SIMILAR POSITIONS AT SCHOOLS IN THE INDEPENDENT SCHOOL ASSOCIATION OF NORTHERN NEW ENGLAND (ISANNE). OUR GOAL IS TO HAVE MANAGEMENT AT OR NEAR THE MEDIAN OF THEIR PEER GROUP. 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.