2022-11-15T08:19:17-06:00 2022-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2021-07-01 020222147 KIMBALL UNION ACADEMY KIMB 6034692160 PO BOX 188 MERIDEN NH 037700188 GERARD MURPHY CFO 6034692160 2022-11-14 1 GERARD MURPHY 999009999 W JAY SIMMS P00435321 6036530044 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z GERARD MURPHY MAIN STREET MERIDEN NH 03770 33518757 0 X WWW.KUA.ORG X 1813 NH SECONDARY EDUCATION 17 17 192 17 49252 0 3843176 5843740 20832386 22749828 1852579 1547320 119261 140398 26647402 30281286 5713860 5583618 0 0 10070386 10935129 0 0 1472089 8507738 9507043 24291984 26025790 2355418 4255496 123763402 121447571 31962960 31458072 91800442 89989499 KIMBALL UNION ACADEMY PREPARES STUDENTS FOR THE CHALLENGES OF TOMORROW'S WORLD BY INSPIRING ACADEMIC MASTERY, CREATIVITY, RESPONSIBILITY, AND LEADERSHIP. 0 0 20941815 5583618 22749828 PRIVATE HIGH SCHOOL THAT SERVES 258 BOARDING STUDENTS AND 87 DAY STUDENTS. 20941815 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 72 0 1 192 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 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 ANDREA STERN TRUSTEE 1.00 X 0 0 0 CHRISTOPHER BURNS CHAIR OF THE BOARD 1.00 X X 0 0 0 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 TRUSTEE 1.00 X 0 0 0 JADIHEL TAVERAS TRUSTEE 1.00 X 0 0 0 JENNIFER BORISLOW TRUSTEE 1.00 X 0 0 0 KARLA RADKE SECRETARY 1.00 X X 0 0 0 MOLLY STEFFEY VICE 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 1.00 X 0 0 0 STEPHEN TAYLOR TRUSTEE 1.00 X 0 0 0 VIVA HARDIGG TRUSTEE 1.00 X 0 0 0 ROBERT BLAKE CFO 40.00 X 172568 0 59044 TYLER LEWIS HEAD OF SCHOOL 40.00 X 424316 0 122768 DAVID WEIDMAN ASSISTANT HEAD OF SCHOOL 40.00 X 119052 0 44175 HUNTER ULF CHIEF OPERATING OFFICER 40.00 X 150521 0 44909 SHERWOOD HASKINS SENIOR PHILANTHROPIC ADVISOR 40.00 X 180214 0 17654 1046671 0 288550 5 0 1 0 SAGE DINING SERVICES 1402 YORK RD LUTHERVILLE MD 21093 DINING SERVICES 1312973 WINDOWS AND DOORS BY BROWNELL CO CANMAR 8 GLEN ROAD BOX 27 WEST LEBANON NH 03784 WINDOW INSTALLATION/REPLACEMENT 339720 EXPRESS CLEANING LLC 216 BUTTERNUT ROAD WHITE RIVER JCT VT 05001 CLEANING 276516 MAKS TRUCKING AND EXCAVATION LLC 909 ROUTE 120 MERIDEN NH 03770 CONSTRUCTION 153643 SENTINEL ALARM SYSTEMS PO BOX 793 LEBANON NH 03766 CONSTRUCTION 105624 5 2614882 3228858 292886 5843740 TUITION 611710 21425000 21425000 PROGRAM SUPPORT 611710 1203549 1203549 SUMMER PROGRAMS 611710 121279 121279 22749828 2202839 2202839 27810 0 27810 27810 27810 2287056 2941475 1100 -654419 -1100 -655519 -655519 267080 294896 -27816 -27816 CHILD CARE FEES - KUA 624410 91152 91152 CHILD CARE FEES - NON- 624410 42895 42895 ATHLETIC FACILITY RENT 713940 6357 6357 140404 30281286 22749828 49252 1638466 5583618 5583618 753289 376645 376644 7702632 5559864 1348079 794689 697367 499736 127763 69868 1200778 854661 228506 117611 581063 408366 118194 54503 43228 43228 58343 58343 109932 109932 1462473 921139 410706 130628 73677 41500 32177 1296635 886445 267562 142628 245586 206437 14897 24252 1508 1508 1223737 1143833 62854 17050 98822 42969 45207 10646 461533 431246 23824 6463 2497767 2333854 128937 34976 78624 78624 FOOD AND DINING 1538864 1384387 90022 64455 ATHLETIC EXPENSES 139299 139299 BAD DEBTS 111671 111671 MEMBERSHIP DUES 65344 14637 46387 4320 26025790 20941815 3611886 1472089 9419324 1387380 7336693 1476338 1171065 8722546 11805542 189027 249869 567074 423995 70776191 34749116 36342245 36027075 64421954 60849029 2624894 2196923 123763402 121447571 992244 1038163 14711051 15872698 12948656 12609731 274800 361996 3036209 1575484 31962960 31458072 X 68223976 67723268 23576466 22266231 91800442 89989499 123763402 121447571 X 4255496 -7040978 974539 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63965145 1571056 -5739519 1433000 58363682 53009559 89838 12038748 1173000 63965145 51944184 98203 1794770 827598 53009559 31078466 20077547 2437036 1648865 51944184 29859377 173945 1770144 725000 31078466 0.71100 0.24320 0.04580 1 0 1888311 1888311 63017504 31039264 31978240 3082431 2263781 818650 2787945 1446071 1341874 36027075 INTEREST RATE SWAP 903828 RETIREMENT OBLIGATION 671656 1575484 X 18816193 -7040978 -4314183 -11355161 30171354 109932 109932 30281286 20627136 294896 294896 20332240 109932 5583618 5693550 26025790 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 OPERATION OF 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 "MORE-LIKELY-THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. THE ACADEMY HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -5,583,618. INTEREST RATE SWAP 1,418,310. COST OF GOODS SOLD 294,896. CHANGE IN VALUE OF BENEFICIAL INTEREST -443,771. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 294,896. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,583,618. 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 186 5583618 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 318221 0 104980 0 1115 0 29000 0 93768 0 547084 0 0 0 ROBERT BLAKE CFO 167876 0 2730 0 1962 0 18122 0 40922 0 231612 0 0 0 SHERWOOD HASKINS SENIOR PHILANTHROPIC ADVISOR 171539 0 1500 0 7175 0 17154 0 500 0 197868 0 0 0 HUNTER ULF CHIEF OPERATING OFFICER 146588 0 2325 0 1608 0 15432 0 29477 0 195430 0 0 0 DAVID WEIDMAN ASSISTANT HEAD OF SCHOOL 114770 0 3000 0 1282 0 12172 0 32003 0 163227 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 18468 RENEE LEWIS, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE HEAD OF SCHOOL. 0 FIRST POINT POWER LLC BUSINESS OWNER 151000 BOARD MEMBER IS 52% OWNER 0 X 5 289006 FMV X IN KIND 3 3880 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 1,418,310. CHANGE IN VALUE OF BENEFICIAL INTEREST -443,771. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.