2022-05-13T07:33:15-05:00 2021-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2020-07-01 060646906 SOUTH KENT SCHOOL CORPORATION SOUT 8609273539 40 BULLS BRIDGE ROAD SOUTH KENT CT 06785 LAWRENCE A SMITH HEAD OF SCHOOL 8609273539 2022-05-12 1 LAWRENCE SMITH 999009999 LORI ROTHE YOKOBOSKY CPA P01273422 9592007000 2022-05-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LAWRENCE A SMITH 40 BULLS BRIDGE ROAD SOUTH KENT CT 06785 17638497 0 X WWW.SOUTHKENTSCHOOL.ORG X 1923 CT SOUTH KENT SCHOOL, ESTABLISHED IN 1923, IS A COLLEGE-PREPARATORY SCHOOL FOR BOYS IN GRADES 9 THROUGH 12. WE DEVELOP YOUNG MEN WHO CAN EVOLVE AND ADAPT, BE GLOBALLY COMPETITIVE AND PREPARED TO MEET THE CHALLENGES POSED BY A CHANGING NATURAL ENVIRONMENT. THEIR TIME AT SOUTH KENT PREPARES OUR STUDENTS FOR SUCCESS AT EACH POINT IN THEIR LIFE. THREE PRINCIPLES DEFINE THE SCHOOL: SIMPLICITY OF LIFE, SELF-RELIANCE, AND DIRECTNESS OF PURPOSE.SOUTH KENT SCHOOL IS ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES AND HOLDS MEMBERSHIPS IN THE CUM LAUDE SOCIETY, THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE NATIONAL ASSOCIATION OF EPISCOPAL SCHOOLS, THE SECONDARY SCHOOL ADMISSION TEST BOARD, THE CONNECTICUT ASSOCIATION OF INDEPENDENT SCHOOLS, THE ASSOCIATION OF BOARDING SCHOOLS, THE INTERNATIONAL COALITION OF BOYS SCHOOLS AND THE NATIONAL ASSOCIATION FOR COLLEGE ADMISSION COUNSELING. 23 22 78 3 0 0 2463605 4603059 10090749 9164946 427933 222222 248743 361453 13231030 14351680 3428462 3218000 0 0 4446344 4143345 0 2862 339182 4884186 4889017 12758992 12253224 472038 2098456 33230576 39417469 15529928 17017137 17700648 22400332 X SOUTH KENT SCHOOL IS AN INDEPENDENT, COLLEGE-PREPARATORY SCHOOL FOR BOYS. SINCE ITS FOUNDING, SOUTH KENT HAS MAINTAINED TIES WITH THE EPISCOPAL CHURCH. THREE PRINCIPLES DEFINE THE SCHOOL: SIMPLICITY OF LIFE, SELF-RELIANCE, AND DIRECTNESS OF PURPOSE.WE OFFER, BY LIVING SIMPLY, AN UNCLUTTERED ENVIRONMENT FOR LIVELY AND RIGOROUS LEARNING.WE ENCOURAGE OUR STUDENTS TO BECOME SELF-RELIANT IN ORDER TO DEVELOP COMPETENCE AND SELF-ESTEEM.WE VALUE DIRECTNESS OF PURPOSE: WE WANT EACH STUDENT TO WELCOME THE CHALLENGE TO FOCUS HIS ENERGIES, TO SET GOALS, AND TO WORK TO MEET THEM. 0 0 9740928 3218000 9234824 A PRIVATE SECONDARY EDUCATIONAL INSTITUTION FOR APPROXIMATELY 170 BOARDING AND DAY STUDENTS (BOYS). THE SCHOOL PROVIDES AN ENVIRONMENT THAT ENCOURAGES INTELLECTUAL, CULTURAL AND ATHLETIC ACHIEVEMENT. 9740928 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 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 51 0 1 78 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 X CARRIE DEPUY 8609273539 40 BULLS BRIDGE ROAD SOUTH KENT CT 06785 ALEX THOMSON OUTGOING TRUSTEE (THRU 6/30/21) 1.00 X 0 0 0 ANNE H FUNNELL TRUSTEE 1.00 X 0 0 0 BHARAT MEDIRATTA TRUSTEE 1.00 X 0 0 0 CHARLES F WREAKS IV TRUSTEE 1.00 X 0 0 0 CHARLIE MERRILL TRUSTEE 1.00 X 0 0 0 CHRISTINE PINA TRUSTEE 1.00 X 0 0 0 CURTIS HIMY OUTGOING TRUSTEE (THRU 6/30/21) 1.00 X 0 0 0 DAVID POINTER TRUSTEE 1.00 X 0 0 0 DORELL WRIGHT OUTGOING TRUSTEE (THRU 6/30/21) 1.00 X 0 0 0 FITZ ROBERTSON TRUSTEE 1.00 X 0 0 0 HANI MS FARSI TRUSTEE 1.00 X 0 0 0 JAMES M GARNETT JR TREASURER 1.00 X X 0 0 0 JAMES R LOWE III TRUSTEE 1.00 X 0 0 0 JASON VELEZ TRUSTEE 1.00 X 0 0 0 JOHN P CAREY OUTGOING CHAIRPERSON (THRU 6/30/21) 1.00 X X 0 0 0 JOSHUA HANFLING TRUSTEE 1.00 X 0 0 0 LAWRENCE A SMITH SECRETARY/HEAD OF SCHOOL 40.00 X X 301291 0 67188 LINCOLN W DAY OUTGOING PRESIDENT (THRU 6/30/21) 1.00 X X 0 0 0 PETER HOPPER TRUSTEE 1.00 X 0 0 0 PETER RAMSEY TRUSTEE 1.00 X 0 0 0 SID STOCKDALE TRUSTEE 1.00 X 0 0 0 TIMOTHY RICHARDS TRUSTEE 1.00 X 0 0 0 WILLIAM ROWE OUTGOING VICE PRESIDENT (THRU 6/30/21) 1.00 X X 0 0 0 ANDREW M AIKEN CHIEF OPERATING OFFICER 40.00 X 163193 0 52781 CHRISTOPHER C FARR CHIEF ADVANCEMENT OFFICER 40.00 X 131420 0 6500 595904 0 126469 3 0 1 0 FLIK INDEPENDENT SCHOOLS PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 634968 PBM-PREFERRED BUILDING MAINTENANCE LLC 40 SOUTH END PLAZA NEW MILFORD CT 06776 CLEANING SERVICE 115633 2 1048514 3554545 193688 4603059 TUITION AND FEES 611710 8912798 8912798 AUXILIARY PROGRAMS 611710 252148 252148 9164946 303359 303359 291575 0 291575 291575 291575 3154215 3235352 -81137 -81137 -81137 103642 51465 52177 52177 OTHER INCOME 611710 17701 17701 17701 14351680 9234824 0 513797 3218000 3218000 510097 102019 212490 195588 2883942 2161122 713613 9207 522658 432560 84964 5134 226648 172613 44225 9810 34037 34037 34640 34640 2862 2862 69623 69623 209854 128584 68270 13000 50813 30121 20692 165953 61732 64076 40145 123845 92883 18577 12385 932154 792331 93215 46608 3777 1120 2177 480 36897 34607 418 1872 341076 306968 34108 972926 875633 97293 145443 145443 FOOD SERVICES 836512 836512 COVID EXPENSES 327061 327061 ATHLETICS 192869 192869 STUDENT ACTIVITIES 97101 97101 314436 204153 108192 2091 12253224 9740928 2173114 339182 3341622 4420846 310158 310312 278920 373641 38790 2795797 15034 15034 70517 56674 48795 60370 31376475 14364580 17924972 17011895 6366622 8999927 4653868 5153547 181278 219426 33230576 39417469 948859 550736 164097 126151 1421634 4859035 12488819 10966093 506519 515122 15529928 17017137 X 7972377 10600281 9728271 11800051 17700648 22400332 33230576 39417469 X 2098456 2569443 31785 X X 0 1 X 1 0 X 1907134 1799215 1280168 2463605 4603059 12053181 1907134 1799215 1280168 2463605 4603059 12053181 2657698 9395483 310819 624781 523070 466452 594934 2520056 56687 55580 77175 55580 0 245022 818947 310801 87814 19458 17701 1254721 16072980 50204407 0.58460 0.39940 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2016 AMOUNT: $ 49,305. 2017 AMOUNT: $ 50,699. 2018 AMOUNT: $ 41,985. 2019 AMOUNT: $ 16,280. INSURANCE PROCEEDS - 2016 AMOUNT: $ 769,642. 2017 AMOUNT: $ 260,102. 2018 AMOUNT: $ 45,829. OTHER INCOME - 2019 AMOUNT: $ 3,178. 2020 AMOUNT: $ 17,701. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9007701 1003809 1944731 11956241 9059933 224120 123648 400000 9007701 9199261 188989 285683 614000 9059933 8806768 690186 508307 806000 9199261 8234523 2361 919884 350000 8806768 0.32612 0.55904 0.11484 0 0 1431050 1431050 28218800 12874509 15344291 1044687 959936 84751 681938 530135 151803 17011895 U.S. FIXED INCOME FUNDS 2918940 C ALTERNATIVE ASSETS 2234607 C 5153547 POST RETIREMENT BENEFIT OBLIGATION 304208 DEFERRED COMPENSATION 210914 515122 X 13716750 2569443 -3186215 -616772 14333522 69623 -51465 18158 14351680 9017066 51465 51465 8965601 69623 3218000 3287623 12253224 PART V, LINE 4: THE SOUTH KENT SCHOOL HAS APPROXIMATELY 40 INDIVIDUAL ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF SCHOOL-RELATED PURPOSES. PART X, LINE 2: THE SCHOOL IS A PRIVATE NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND, AS SUCH, IS NOT SUBJECT TO FEDERAL OR STATE CORPORATION INCOME TAXES. 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 STATEMENT OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -3,218,000. NET ACTUARIAL LOSS ON POST RETIREMENT OBLIGATION 31,785. CHANGE IN FV SPLIT INTEREST PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -51,465. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 51,465. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,218,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 REQUIRED NOTICE PUBLISHED IN NEWSPAPER. SCHEDULE E, PART I, LINE 6 THE SCHOOL OBTAINED A $894,794 PAYCHECK PROTECTION PROGRAM LOAN ("PPP LOAN") IN APRIL 2020 FROM THE SMALL BUSINESS ADMINISTRATION ("SBA") WHICH WAS FORGIVEN IN FULL DURING FY 2021. 1 FINANCIAL AID 111 3218000 PART I, LINE 2: FINANCIAL AID IS GRANTED TO FAMILIES ON A NEED BASIS. IN ORDER TO OBJECTIVELY ESTABLISH FINANCIAL NEED, THE SCHOOL SUBSCRIBES TO THE SCHOOL AND STUDENT SERVICES (SSS). THE SSS PROVIDES A FINANCIAL NEEDS ANALYSIS USING OBJECTIVE CRITERIA APPLIED TO FINANCIAL INFORMATION PROVIDED BY THE FAMILIES. ONCE NEED IS ESTABLISHED, THE SCHOOL WILL DETERMINE THE APPROPRIATE AWARD AMOUNT. X 1 1 X 0 0 0 0 0 0 0 0 0 LAWRENCE A SMITH SECRETARY/HEAD OF SCHOOL 289891 0 2400 0 9000 0 23500 0 43688 0 368479 0 0 0 ANDREW M AIKEN CHIEF OPERATING OFFICER 147543 0 1250 0 14400 0 22150 0 30631 0 215974 0 0 0 PART I, LINE 1A THE HEADMASTER MUST RESIDE IN THE HEADMASTER'S RESIDENCE LOCATED ON THE SCHOOL'S CAMPUS IN ORDER FOR THE HEADMASTER TO EFFECTIVELY PERFORM PRESCRIBED DUTIES, INCLUDING, BUT NOT LIMITED TO, PROVIDING STUDENTS AND TEACHERS OFF HOURS WITH ACCESS TO LOCKED BUILDINGS AND OTHER CAMPUS VENUES WHEN NECESSARY, PROVIDING CAMPUS OVERSIGHT DURING EVENINGS AND WEEKENDS AND VACATIONS, AND PROVIDING CONVENIENT ADMINISTRATIVE PRESENCE AT SCHOOL EVENTS. THE HEADMASTER'S OCCUPATION OF THIS RESIDENCE IS A CONDITION OF HIS EMPLOYMENT BY THE SCHOOL AND IS FOR THE CONVENIENCE OF THE SCHOOL. AS A REPRESENTATIVE OF THE SCHOOL, THE HEADMASTER USES SAID HOUSE FOR MEETINGS OF DONORS, STUDENTS, TEACHERS, STAFF MEMBERS, ALUMNI, VISITING TEACHERS, SCHOLARS, TRUSTEES, AND SPEAKERS, AND FOR SUCH OTHER SCHOOL FUNCTIONS AND AFFAIRS AS SHALL BE APPROPRIATE FOR THE BEST INTEREST AND DEVELOPMENT OF THE SCHOOL. X 8 193688 FMV 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM 990 IS COMPLETED, IT IS FIRST REVIEWED BY THE SCHOOL'S INTERNAL MANAGEMENT AND OUTSIDE ADVISORS. FOLLOWING THAT REVIEW, THE FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES WHO WILL THEN REVIEW AND APPROVE THE FILING OF THE FORM FOR THE TAX YEAR. IN ORDER TO PROTECT THE PRIVACY OF ITS DONOR BASE, THE SCHOOL CHOOSES TO DISTRIBUTE TO THE BOARD A COPY OF FORM 990 WHICH EXCLUDES SCHEDULE B. ALL OTHER PAGES, SCHEDULES AND ATTACHMENTS ARE PROVIDED IN FULL TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CORPORATION, ITS TRUSTEES AND OFFICERS SHALL AT ALL TIMES TAKE SUCH STEPS AS ARE NECESSARY TO ENSURE NO CONFLICT OF INTEREST EXISTS OR OCCURS BETWEEN ANY TRUSTEE OR OFFICER OF THE CORPORATION AND THE CORPORATION OR ITS INTERESTS. ANY TRUSTEE WHO HAS ANY INTEREST, DIRECTLY OR INDIRECTLY, IN ANY ENTITY THAT CONTRACTS WITH OR OTHERWISE SERVES THE CORPORATION SHALL BE DISQUALIFIED FROM VOTING WITH REGARD TO SUCH RELATIONSHIP OR OTHERWISE ACTING IN ANY OFFICIAL CAPACITY ON BEHALF OF THE CORPORATION IN CONNECTION WITH SUCH RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED ANNUALLY AND INDEPENDENTLY BY THE BOARD OF TRUSTEES. COMPARABLE COMPENSATION DATA IS CONSIDERED DURING THE REVIEW, INCLUDING SALARY DATA FROM PRIOR YEARS' FORM 990 AND NAIS BENCHMARK DATA. A RECOMMENDATION IS THEN PROVIDED FOR APPROVAL BY THE FULL BOARD. SIMILARLY, SALARIES OF OTHER KEY EMPLOYEES ARE REVIEWED BY THE HEAD OF SCHOOL IN CONJUNCTION WITH COMPARABLE SALARY DATA DERIVED FROM VARIOUS SOURCES, INCLUDING NAIS BENCHMARK DATA AND FORM 990 OF SIMILAR INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE OFFICES OF THE SCHOOL. FORM 990, PART XI, LINE 9: ACTUARIAL LOSS ON POST-RETIREMENT BENEFIT OBLIGATION 31,785. FORM 990, PART XII LINE 2C: THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR.