2021-05-17T18:17:24-05:00 2020-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2019-07-01 060646562 BRUNSWICK SCHOOL INC BRUN 2036255800 100 MAHER AVENUE GREENWICH CT 068305618 KATHLEEN HARRINGTON CHIEF FINANCIAL OFFICER 2036255800 2021-05-17 1 GARRETT M HIGGINS P00543209 9143818900 2021-05-17 2019 2022-09-23 18:48:47Z THOMAS W PHILIP 100 MAHER AVENUE GREENWICH CT 068305618 113165493 0 X WWW.BRUNSWICKSCHOOL.ORG X 1932 CT BRUNSWICK IS AN INDEPENDENT COLLEGE-PREPARATORY DAY SCHOOL FOR BOYS IN GRADES PRE-K THROUGH 12. STUDENTS SUCCEED BY ANNUALLY ADVANCING MATRICULATION, CULMINATING WITH A 100% PLACEMENT RECORD FOR SENIOR BOYS AT NATIONALLY RECOGNIZED, HIGHLY COMPETITIVE COLLEGES AND UNIVERSITIES. BRUNSWICK SCHOOL HOLDS LONG-STANDING ACCREDITATION BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES. 28 28 397 300 0 -188899 14312644 17554237 43055579 44194677 9749462 6386134 408498 502603 67526183 68637651 6800730 7536734 0 0 29607800 30957813 0 0 2575615 19229672 18861730 55638202 57356277 11887981 11281374 381523718 379344850 68429391 60488276 313094327 318856574 X BRUNSWICK SCHOOL, INC. IS A DAY SCHOOL FOR BOYS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE. THE PURPOSE OF THE SCHOOL IS TO EDUCATE THE "WHOLE BOY". IT DOES SO BY HELPING BOYS AND YOUNG MEN - WITHOUT REGARD TO CULTURE, ETHNICITY OR RELIGION - ACQUIRE THE PERSONAL, INTELLECTUAL AND PHYSICAL TRAINING THAT WILL BEST ENABLE THEM TO GROW INTO RESPONSIBLE ADULTS WHO CAN MAKE SIGNIFICANT AND LASTING CONTRIBUTIONS TO SOCIETY. SINCE 1902, BRUNSWICK SCHOOL HAS BEEN, IN THE WORDS OF GEORGE CARMICHAEL, ITS FOUNDER, "ABLY AND GENEROUSLY PREPARING BOYS FOR LIFE." 0 0 37329387 7536734 43208765 EDUCATION FOR APPROXIMATELY 1,045 STUDENTS IN CLASSES FROM PRE-KINDERGARTEN THROUGH 12TH GRADE, INCLUDING COMPENSATION FOR THE OVER 240 FACULTY, ADMINISTRATORS AND SCHOOL SUPPORT STAFF, STUDENT FOOD SERVICE AND ACADEMIC BUILDING UPKEEP. 5447404 1327108 STUDENT SERVICES INCLUDING AUXILIARY PROGRAMS, AFTER-SCHOOL PROGRAMS, BOOKSTORE, AND TRANSPORTATION, INCLUDING COMPENSATION FOR AUXILIARY PROGRAM AND STUDENT SUPPORT PERSONNEL. 4726758 ATHLETIC PROGRAMS INCLUDING FACILITY AND PLAYING FIELD MAINTENANCE, REPAIR AND UPKEEP. 47503549 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 130 0 397 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA IL MA NH NJ NY PA VA X KATHLEEN F HARRINGTON CFO 2036255800 100 MAHER AVENUE GREENWICH CT 06830 MR THOMAS W PHILIP HEAD OF SCHOOL 70.00 X 1026702 0 201782 MR THOMAS MURRAY CHIEF ADVANCEMENT OFFICER 55.00 X 348942 0 140991 MS KATHLEEN HARRINGTON CHIEF FINANCIAL OFFICER 65.00 X 310082 0 150691 MR DAVID BRUCE DIR OF MS ADMISSION & DIR. OF FIN. AID 40.00 X 217782 0 130243 MR AARON MONTGOMERY UPPER SCH OOL MATH TEACHER & SWIM PRGM DIR. 40.00 X 199414 0 135043 MR DOUGLAS BURDETT ASST HEAD OF SCHOOL & DIR. OF COLLEGE GUIDANCE 40.00 X 189673 0 112007 MR SUNIL GUPTA DIRECTOR OF TECHNOLOGY 40.00 X 179436 0 82880 MR JUAN MONTANEZ DIR SUMMER PRGMS, MS PHYS ED, BASEBALL PRGM DIR. 40.00 X 171803 0 46590 MR THOMAS D O'MALLEY JR CHAIRMAN 8.00 X X 0 0 0 MR ROBERT F CARANGELO SECRETARY 4.00 X X 0 0 0 MRS KIMBERLY C AUGUSTINE TRUSTEE 2.00 X 0 0 0 MR RICHARD AXILROD TRUSTEE 2.00 X 0 0 0 MR JOSYL L BARCHUE TRUSTEE 2.00 X 0 0 0 MS NISHA KUMAR BEHRINGER TRUSTEE 2.00 X X 0 0 0 MR WILLIAM R BERKLEY JR TRUSTEE 2.00 X 0 0 0 MR MICHAEL BINGLE TRUSTEE 2.00 X 0 0 0 MR TODD L BOEHLY TRUSTEE 2.00 X 0 0 0 MRS EMILY W BURNS TRUSTEE 2.00 X 0 0 0 MR DAVID M BUTLER TRUSTEE 2.00 X 0 0 0 MR SEAN D CARNEY TRUSTEE 2.00 X 0 0 0 MR FRANK CARROLL TRUSTEE 2.00 X 0 0 0 MR R WILLETT COOK TRUSTEE 2.00 X 0 0 0 MR ALBERTO J DELGADO TRUSTEE 2.00 X 0 0 0 MR PHILIP A HADLEY TRUSTEE 2.00 X 0 0 0 MRS PAMELA K KELLER TRUSTEE 2.00 X 0 0 0 MR THOMAS D LEHRMAN TRUSTEE 2.00 X 0 0 0 MR D SCOTT MACKESY TRUSTEE 2.00 X 0 0 0 MR STEVEN A MARKS TRUSTEE 2.00 X 0 0 0 MR ROBERT E MICHALIK TRUSTEE 2.00 X 0 0 0 MR AMERICO C NARDIS TRUSTEE 2.00 X 0 0 0 MRS ELIZABETH A O'REILLY TRUSTEE 2.00 X 0 0 0 MR DOUGLAS I OSTROVER TRUSTEE 2.00 X 0 0 0 MR KEITH A PAGNANI TRUSTEE 2.00 X 0 0 0 MR JAMES H RITMAN TRUSTEE 2.00 X 0 0 0 MR ANDREI MG SAUNDERS TRUSTEE 2.00 X 0 0 0 DR THOMAS WILSON TRUSTEE 2.00 X 0 0 0 2643834 0 1000227 70 0 1 0 WHITE CONTRACTORS PO BOX 484 OLD GREENWICH CT 06870 CONSTRUCTION MANAGEMENT 2523080 FLIK COMPASS GROUP USA 1 ORCHARD ROAD ARMONK NY 10504 FOOD SERVICES 2015741 AP CONSTRUCTION COMPANY 707 SUMMER STREET STAMFORD CT 06901 CONSTRUCTION MANAGEMENT 775146 CUMMINGS & LOCKWOOD LLC 6 LANDMARK SQUARE STAMFORD CT 06901 LEGAL SERVICES 375898 WHITEWATER INC 41 CENTRAL STREET AUBURN MA 01501 WATER TREATMENT 299780 13 10000 90122 17454115 1286046 17554237 STUDENT TUITION 611710 43208765 43208765 AFTER SCHOOL PROGRAMS & FEES 611710 886286 886286 SUMMER PROGRAM 611710 99626 99626 44194677 1193069 1193069 1065941 911555 154386 154386 154386 48025601 42832536 5193065 5193065 5193065 240351 90122 233330 7021 7021 891617 550421 341196 341196 68637651 44535873 0 6547541 7536734 7536734 2244767 160620 1663737 420410 21833321 18928109 1964352 940860 1805653 1697998 31795 75860 3261651 2702108 378177 181366 1812421 1460665 251109 100647 367589 367589 98768 98768 384224 384224 525341 4408 205796 315137 160567 33478 100372 26717 457677 75883 266070 115724 471023 322087 148936 2249500 2234151 15349 328572 328572 1360480 1326361 18559 15560 7300683 7051338 169771 79574 404511 404511 STUDENT FOOD SERVICES 1509190 1509190 BLDG MAINT & CONTRACTS 1130895 1121342 9553 EDUCATIONAL SUPPLIES 960977 960977 0 FINANCE COSTS 466853 378 466475 684880 371237 158819 154824 57356277 47503549 7277113 2575615 5619923 1043967 65724321 69521145 8291098 10645763 1133135 276240 131194 158701 423636 381882 278998188 85623165 190449586 193375023 21230560 16697654 88444751 84199592 75514 3044883 381523718 379344850 7063648 7106309 16468612 16110273 29020000 27490000 9000000 2250000 6877131 7531694 68429391 60488276 X 241517308 242273169 71577019 76583405 313094327 318856574 381523718 379344850 11281374 -5519127 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 126591846 915844 167809 3721140 123954359 123815761 1287448 5021195 3532558 126591846 129357023 2783278 8628653 16953193 123815761 112956829 8265781 11388545 3254132 129357023 113573765 4651834 -2652665 2616105 112956829 0.49070 0.37910 0.13020 0 0 30710373 30710373 193821787 58736426 135085361 26387323 11231632 15155691 28078705 15655107 12423598 193375023 MULTI-STRATEGY FUND 17816438 F PE LIMITED PARTNERSHIPS 35509055 F EQUITY STRATEGY FUND 30874099 F 84199592 ENROLLMENT DEPOSITS 5646830 ASSET RETIREMENT OBLIGATION 200691 UNAMORTIZED BOND PREMIUM 1684173 7531694 X 56659542 -5519127 1461976 -4057151 60716693 384224 7536734 7920958 68637651 50897295 1461976 1461976 49435319 384224 7536734 7920958 57356277 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF OVER 100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND AMOUNTS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE SCHOOL HAS ADOPTED AN INVESTMENT POLICY AND A SPENDING POLICY, APPROVED BY THE SCHOOL'S BOARD OF TRUSTEES. FOR DONOR-RESTRICTED ENDOWMENT ASSETS, THE POLICIES ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO DONOR-RESTRICTED PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE RELATED ENDOWMENT ASSETS. ENDOWMENT ASSETS ARE INVESTED WITH A MODERATE LEVEL OF INVESTMENT RISK IN ACCORDANCE WITH AN ASSET ALLOCATION STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE SCHOOL TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES AN EMPHASIS ON ALTERNATIVE INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE SPENDING POLICY CALLS FOR ANNUAL WITHDRAWALS FROM THE DONOR-RESTRICTED FUNDS FOR DONOR-RESTRICTED PURPOSES CALCULATED BASED UPON BOTH HISTORIC MARKET VALUES AND INFLATION ADJUSTED HISTORIC APPROPRIATIONS. IN ADDITION, THERE ARE ANNUAL WITHDRAWALS FROM BOARD-DESIGNATED FUNDS FOR THE SCHOOL'S LONG TERM DEBT SERVICE. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (THE CODE). THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED AND ACCORDINGLY BELIEVES THAT ITS INCOME TAX POSITIONS ARE CONSISTENT WITH ITS EXEMPTION. CONTRIBUTIONS MADE TO THE SCHOOL ARE QUALIFIED FOR THE MAXIMUM TAX DEDUCTION ALLOWABLE UNDER THE CODE. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE SCHOOL'S PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 911,555. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 550,421. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 7,536,734. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 911,555. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 550,421. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 7,536,734. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A GENERAL STATEMENT OF NON-DISCRIMINATION IS INCLUDED IN ALL ADVERTISEMENTS, IN NEWSPAPERS OF GENERAL CIRCULATION, AND OTHER PRINTED MEDIA RELATING TO THE RECRUITMENT OF STUDENTS AND EMPLOYEES. THE SCHOOL ALSO PUBLICIZED ITS RACIALLY NONDISCRIMINATION POLICY ON THE ADMISSIONS PAGE OF THE SCHOOL'S WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 52548818 0 0 0 0 0 0 52548818 0 52548818 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 3 : THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 OR FORM 8621 BECAUSE IT DOES NOT MEET THE APPLICABLE FILING THRESHOLD OR OWNERSHIP REQUIREMENTS. SCHEDULE F, PART IV, LINE 1: THE ORGANIZATION IS REQUIRED TO FILE, AND IS FILING, FORMS 926 AND 8865. MAYFAIR 74200 74200 30904 BOOKFAIR 58997 58997 45439 4 197276 90122 107154 4713 16330 7500 15325 113119 330473 90122 240351 4713 16330 7500 15325 189462 233330 7021 1 FINANCIAL AID 195 7536734 PART I, LINE 2: THE SCHOOL GRANTS FINANCIAL AID AWARDS IN A NONDISCRIMINATORY AND OBJECTIVE MANNER TO STUDENTS WHO DEMONSTRATE FINANCIAL NEED. STUDENTS SEEKING AID ARE REQUIRED TO COMPLETE THE SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID (SSS) APPLICATION. THE SCHOOL USES THE ANALYSIS OF SSS IN DETERMINING THE AMOUNT OF EACH STUDENT'S FINANCIAL AID AWARD. THE STUDENT'S TUITION BILL IS REDUCED BY THE AMOUNT OF THE FINANCIAL AID AWARDED. THE SCHOOL GRANTS TUITION REMISSION TO STUDENTS OF FULL-TIME FACULTY AND ADMINISTRATORS WHO DEMONSTRATE FINANCIAL NEED. X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 MR THOMAS W PHILIP HEAD OF SCHOOL 386186 0 400000 0 240516 0 36400 0 165382 0 1228484 0 240000 0 MR THOMAS MURRAY CHIEF ADVANCEMENT OFFICER 236952 0 50000 0 61990 0 32175 0 108816 0 489933 0 0 0 MS KATHLEEN HARRINGTON CHIEF FINANCIAL OFFICER 234566 0 75000 0 516 0 91850 0 58841 0 460773 0 0 0 MR DAVID BRUCE DIR OF MS ADMISSION & DIR. OF FIN. AID 150245 0 0 0 67537 0 17528 0 112715 0 348025 0 0 0 MR AARON MONTGOMERY UPPER SCH OOL MATH TEACHER & SWIM PRGM DIR. 137610 0 0 0 61804 0 18529 0 116514 0 334457 0 0 0 MR DOUGLAS BURDETT ASST HEAD OF SCHOOL & DIR. OF COLLEGE GUIDANCE 171157 0 0 0 18516 0 48413 0 63594 0 301680 0 0 0 MR SUNIL GUPTA DIRECTOR OF TECHNOLOGY 178920 0 0 0 516 0 23790 0 59090 0 262316 0 0 0 MR JUAN MONTANEZ DIR SUMMER PRGMS, MS PHYS ED, BASEBALL PRGM DIR 158883 0 0 0 12920 0 16571 0 30019 0 218393 0 0 0 PART I, LINE 1A HOUSING BENEFITS PROVIDED TO THE HEAD OF SCHOOL, CHIEF FINANCIAL OFFICER, AND DIRECTOR OF TECHNOLOGY, AND ARE TREATED AS NON-TAXABLE COMPENSATION UNDER INTERNAL REVENUE CODE SECTION 119. THESE PERSONS ARE REQUIRED TO LIVE ON SCHOOL PREMISES AS A CONDITION OF THEIR EMPLOYMENT, AND THE HOUSING BENEFITS ARE PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER. THE AMOUNTS ARE INCLUDED IN PART II, COLUMN (D). - THOMAS PHILIP - $130,000. - KATHLEEN HARRINGTON - $33,000 - SUNIL GUPTA - $33,000 HOUSING BENEFITS PROVIDED TO THE FOLLOWING REPORTED EMPLOYEES ARE TREATED AS TAXABLE COMPENSATION. THE AMOUNTS ARE INCLUDED IN PART II, COLUMN B(III). - DOUGLAS BURDETT - $18,000 - DAVID BRUCE - $18,000 - THOMAS MURRAY -$18,000 - AARON MONTGOMERY - $12,800 - JUAN MONTANEZ - $12,800 PART I, LINE 4B THOMAS PHILIP, KATHLEEN HARRINGTON, AND DOUGLAS BURDETT PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. EMPLOYER CONTRIBUTIONS TO THESE PLANS ARE LISTED BELOW, AND ARE INCLUDED IN PART II, COLUMN D: KATHLEENN HARRINGTON - 60,000 DOUGLAS BURDETT - $25,000 THOMAS W. PHILIP RECEIVED A DISTRIBUTION FROM THE PLAN IN THE AMOUNT OF $240,000. THIS AMOUNT IS INCLUDED IN PART II, COLUMN B(III), AS WELL AS REPORTED IN COLUMN (F) AS REPORTED AS DEFERRED COMPENSATION ON PRIOR FORM 990. PART I, LINE 7 THE HEAD OF SCHOOL, THOMAS W. PHILIP, CHIEF ADVANCEMENT OFFICER, THOMAS MURRAY AND THE CHIEF FINANCIAL OFFICER, KATHLEEN HARRINGTON, RECEIVED FROM THE ORGANIZATION A BONUS IN THE AMOUNT OF $400,000, $50,000 AND $75,000, ACCORDINGLY. THE BONUSES WERE BASED ON THE DISCRETION OF THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE BONUSES WERE BASED UPON A REVIEW OF THEIR PERFORMANCES, AND APPROVED BY THE COMPENSATION COMMITTEE PRIOR TO BEING AWARDED. SCHEDULE J, PART II COLUMN D: NONTAXABLE BENEFITS REPORTED IN COLUMN (E) INCLUDE CONTRIBUTIONS TO EMPLOYEE HEALTH AND OTHER BENEFIT PLANS FOR ALL EMPLOYEES, AND TUITION BENEFITS FOR EMPLOYEES WITH CHILDREN ATTENDING THE SCHOOL AND/OR GREENWICH ACADEMY, ITS SISTER SCHOOL. A CT HEALTH AND EDUCATIONAL FACILITIES AUTHOR 060806186 20774LZV0 2012-03-29 38470000 REFUNDING 1 0 0 A 40325000 41990411 41903852 576414 2005 1 1 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF ISSUE ON LINE 3 ALSO INCLUDES THE $3,520,411 PREMIUM PAID FOR THE BONDS. 82400 FINANCIAL AID SEE PART V SCHEDULE L, PART III (E) PURPOSE OF ASSISTANCENEED-BASED TUITION ASSISTANCE GRANTS OR OTHER ASSISTANCE BENEFITTING INTERESTED PERSONS STUDENTS OF TRUSTEES AND OFFICERS RECEIVING FINANCIAL AID FOLLOW THE SAME NEED-BASED ASSESSMENT AS OTHER STUDENTS RECEIVING FINANCIAL AID AS DESCRIBED ON SCHEDULE I, PART IV. X 55 1286046 AVG. SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN COLUMN (B). PART I, LINE 32B: GIFT ACCEPTANCE POLICY THE SCHOOL EMPLOYS A GIFT ACCEPTANCE POLICY THAT ASSURES COMPLETE, ACCURATE AND CONSISTENT REPORTING OF GIFTS AND PLEDGES, COMPLIES WITH INTERNAL REVENUE SERVICE REGULATIONS AND ACCEPTABLE BUSINESS PRACTICES, PROTECTS THE SCHOOL'S REPUTATION AND TAX EXEMPT STATUS AND UPHOLDS ETHICAL GIVING STANDARDS AND AVOIDS REAL OR PERCEIVED CONFLICTS OF INTEREST. THE POLICY APPLIES TO THE DEVELOPMENT OFFICE STAFF AND ALL OTHER PERSONS INVOLVED IN SOLICITING, DOCUMENTING, ADMINISTERING, AND ACKNOWLEDGING GIFTS MADE FOR THE BENEFIT OF BRUNSWICK SCHOOL. THE POLICY IS DESIGNED TO ENSURE THAT DONORS FIND THE PROCESS OF GIVING EASY, UNDERSTANDABLE, AND CONSISTENT; THAT GIFTS ARE APPROPRIATE TO THE MISSION AND PRIORITIES OF THE SCHOOL; THAT NO GIFTS IMPOSE UNANTICIPATED FINANCIAL BURDENS ON THE SCHOOL; AND THAT IF GIFTS ARE RESTRICTED OR INTENDED FOR LONG-TERM USE, DOCUMENTATION OF THE PURPOSE FULFILLMENT IS MAINTAINED AND COMMUNICATED TO THE DONOR. FORM 990, PART III, LINE 1 CONTINUED: THROUGH A RICH AND RIGOROUS COLLEGE PREPARATORY CURRICULUM, THE SCHOOL STRIVES FOR THE FULLEST INTELLECTUAL DEVELOPMENT OF EVERY YOUNG MAN. THE SCHOOL'S ACADEMIC PROGRAMS SEEK TO INSTILL IN EACH STUDENT A DESIRE TO LEARN, TO CHALLENGE EACH BOY TO FULFILL HIS OWN UNIQUE POTENTIAL, TO FOSTER CRITICAL THINKING SKILLS AND TO DEVELOP THE CREATIVE AND INDEPENDENT QUALITIES OF MIND NECESSARY TO INTELLECTUAL MATURITY AND INCREASED SELF-CONFIDENCE. THE SCHOOL ALSO BELIEVES THAT A COMPLETE EDUCATION MUST INCLUDE LESSONS THAT TAKE PLACE OUTSIDE THE CLASSROOM. THROUGH ATHLETICS, ARTS AND SERVICE TO THE COMMUNITY, EVERY STUDENT IS ENCOURAGED TO DEVELOP HIS TALENTS TO THE FULLEST, TO UNDERSTAND THE OBLIGATION TO SHARE THEM GENEROUSLY, TO TAKE RISKS TO ENSURE GROWTH AND TO REFUSE TO ACCEPT A NARROW DEFINITION OF HIMSELF. AND AS ITS YOUNG MEN GROW IN AN ATMOSPHERE OF TRUST, CARE AND MUTUAL RESPECT, THE SCHOOL ACCEPTS THAT ITS OVERRIDING OBJECTIVE IS TO FOSTER THE DEVELOPMENT OF STRONG CHARACTER. THE SCHOOL STRIVES TO INSTILL IN ITS STUDENTS THE VALUES OF HONESTY, INTEGRITY, COMPASSION AND TOLERANCE AND TO DEVELOP IN EACH STUDENT A SENSE OF RESPONSIBILITY TO HIMSELF, TO THOSE AROUND HIM, TO THE SCHOOL COMMUNITY AND TO THE GREATER SOCIETY. THE SCHOOL BELIEVES, ABOVE ALL ELSE, THAT IT IS THE STRENGTH OF A YOUNG MAN'S CHARACTER AND THE DEPTH OF HIS SPIRIT THAT DETERMINE AND DEFINE ALL GENUINE AND LASTING SUCCESS. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS THEN REVIEWED BY THE SCHOOL'S CHIEF FINANCIAL OFFICER BEFORE BEING REVIEWED BY THE TREASURER OF THE BOARD OF TRUSTEES. THIS REVIEW IS DISCUSSED AT THE AUDIT/FINANCE COMMITTEE MEETING AND THE BOARD OF TRUSTEES MEETING AND IS DOCUMENTED IN THE MINUTES. THE COMPLETED FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C EACH PERSON SERVING AS A TRUSTEE, OFFICER OR KEY EMPLOYEE OF BRUNSWICK SCHOOL SHALL ANNUALLY COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM, IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE PERSON AND/OR HIS OR HER IMMEDIATE FAMILY IS INVOLVED THAT HE OR SHE BELIEVES COULD GIVE RISE TO A CONFLICT OF INTEREST. THE CHAIR OF THE BOARD OF TRUSTEES AND THE HEAD OF SCHOOL SHALL REVIEW EACH DISCLOSURE FORM AND DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST IT SHALL BE DISCLOSED TO THE BOARD OF TRUSTEES, OR ITS AUDIT AND FINANCE COMMITTEE, AND MADE A MATTER OF RECORD THROUGH AN APPROVED PROCEDURE. THE PRIOR APPROVAL OF THE BOARD OF TRUSTEES OR AUDIT AND FINANCE COMMITTEE SHALL BE REQUIRED FOR ANY BUSINESS ARRANGEMENT OR TRANSACTION INVOLVING A TRUSTEE OR KEY EMPLOYEE WHICH MAY CONSTITUTE A CONFLICT OF INTEREST. APPROVAL SHALL BE GRANTED ONLY IF THE ARRANGEMENT OR TRANSACTION IS FULLY DISCLOSED AND IS DETERMINED TO BE ON TERMS WHICH ARE FAIR TO AND IN THE BEST INTERESTS OF BRUNSWICK SCHOOL. ANY TRUSTEE HAVING A CONFLICT OF INTEREST SHALL NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER, AND SHALL NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE BOARD OR COMMITTEE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (COMPRISED OF TRUSTEES WITH NO CONFLICT OF INTEREST WITH REGARD TO INDIVIDUALS UNDER REVIEW) HIRES A CONSULTANT EVERY YEAR TO REVIEW COMPARABLE PACKAGES FOR THE HEAD OF SCHOOL, THE CHIEF FINANCIAL OFFICER, AND THE EXECUTIVE DIRECTOR OF DEVELOPMENT. THE CONSULTANT PRESENTS DATA FOR COMPARABLE POSITIONS BOTH LOCALLY AND NATIONALLY, INCLUDING FORMS 990 OF OTHER ORGANIZATIONS AND COMPENSATION STUDIES/SURVYES. THE COMPENSATION COMMITTEE MAKES THE FINAL DECISION OF THE SALARY PACKAGES FOR THE FOLLOWING YEAR, ASSUMING CONTINUATION OF EMPLOYMENT. THE DECISION IS APPROVED BY THE COMMITTEE AND DOCUMENTED. THE HEAD OF SCHOOL DETERMINES THE COMPENSATION OF OTHER EMPLOYEES BASED ON EXPERIENCE, CURRENT PERFORMANCE AND COMPARABLE LOCAL AND NATIONAL POSITIONS USING FAIRCHESTER AND NAIS STATISTICS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. BRUNSWICK SCHOOL HOLDINGS LLC 25 PATTERSON AVENUE GREENWICH CT 068305618 060646562 FACULTY HOUSING CT 14760 2099187 BRUNSWICK SCHOOL INC BRUNSWICK SCHOOL HOLDINGS I LLC 151 RIVER RD GREENWICH CT 068305618 060646562 ATHLETIC FACILITY CT 71400 5931594 BRUNSWICK SCHOOL INC BRUNSWICK SCHOOL HOLDINGS II LLC 9 RIVERSVILLE RD GREENWICH CT 068305618 060646562 FACULTY HOUSING CT 73800 5850157 BRUNSWICK SCHOOL INC BRUNSWICK SHERWOOD HOLDINGS LLC SHERWOOD PLACE GREENWICH CT 068305618 060646562 FACULTY HOUSING CT 145200 7942210 BRUNSWICK SCHOOL INC BRUNSWICK 81 NORTHFIELD LLC 81 NORTHFIELD STREET GREENWICH CT 068305618 060646562 FACULTY HOUSING CT 762288 BRUNSWICK SCHOOL INC