2021-05-12T16:58:09-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2019-07-01 061229222 KING SCHOOL INC KING 2033223496 1450 NEWFIELD AVENUE STAMFORD CT 06905 STEPHEN SCHAFER CHIEF FIN. & OPERATIONS OFFICER 2033223496 2021-05-12 1 LAURA J KENNEY P00202198 6177170831 2021-05-07 2019 2022-09-23 18:48:47Z STEPHEN SCHAFER 1450 NEWFIELD AVENUE STAMFORD CT 06905 71998045 0 X WWW.KINGSCHOOLCT.ORG X 1988 CT KING SCHOOL, INC. IS AN INDEPENDENT, COLLEGE PREPARATORY SCHOOL SERVING THE STAMFORD, CT AREA. 24 24 357 140 0 0 4403959 5735196 29953844 30893983 904933 487848 317067 305680 35579803 37422707 3935537 3925343 0 0 19295117 19952037 0 0 1027418 10347489 10277941 33578143 34155321 2001660 3267386 83256780 85798562 17985600 17291704 65271180 68506858 X KING IS DEDICATED TO PREPARING ITS STUDENTS TO THRIVE IN A RAPIDLY CHANGING WORLD. WE PROVIDE AN EXCELLENT, PROGRESSIVE EDUCATION, GROUNDED IN THE TRADITIONAL DISCIPLINES OF THE ARTS AND SCIENCES, COMMITTED TO THE NURTURING OF INDIVIDUAL POTENTIAL, AND DESIGNED TO PROMOTE CRITICAL THINKING AND REASONED REFLECTION. USING RICH AND INNOVATIVE METHODS, OUR TEACHERS FACILITATE EACH STUDENT'S FULLEST ACADEMIC AND PERSONAL ACHIEVEMENT. WE CHAMPION THE DEVELOPMENT OF CHARACTER, SELF-CONFIDENCE, AND TALENT THROUGH CHALLENGING INTELLECTUAL, CREATIVE, ATHLETIC, LEADERSHIP, AND SERVICE OPPORTUNITIES. KING BELIEVES THAT INDIVIDUAL ACCOMPLISHMENT MUST GO HAND IN HAND WITH RESPECT FOR OTHERS. OUR CULTURE OF RESPECT FOSTERS COLLABORATION AS WELL AS INDEPENDENCE. WE EMBRACE HUMAN AND CULTURAL DIVERSITY. WE VALUE RESPONSIBLE CITIZENSHIP. KING GRADUATES ARE EQUIPPED TO SUCCEED IN COLLEGE AND TO PURSUE LIVES OF ONGOING INQUIRY, LEARNING, ACCOMPLISHMENT, PERSONAL FULFILLMENT AND SOCIAL RESPONSIBILITY. 0 0 27208488 3925343 30893983 PROVIDED COLLEGE PREPARATORY EDUCATION FOR APPROXIMATELY 700 CHILDREN AGES PRE-SCHOOL THROUGH GRADE 12. EDUCATIONAL PROGRAMS INCLUDE BOTH TRADITIONAL ACADEMIC YEAR AS WELL AS SUMMER CAMP PROGRAMS. 27208488 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 57 0 1 357 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X STEPHEN SCHAFER KING SCHOOL INC 2033223496 1450 NEWFIELD AVENUE STAMFORD CT 06905 KAREN ESHOO HEAD OF SCHOOL 40.00 X 467354 0 137729 KIMBERLY LEEKER ASSOC. HEAD OF FINANCE 40.00 X 355771 0 76406 LAUREN FREDETTE DIRECTOR OF DEVELOPMENT 40.00 X 158314 0 76085 MARNIE SADLOWSKI ASSOC. HEAD/HEAD OF UPPER SCHOOLS 40.00 X 194399 0 38812 MICAH HAUBEN DEAN OF ATHLETICS 40.00 X 152697 0 74443 AMY VORNBERG HEAD OF LOWER SCHOOL 40.00 X 170420 0 29435 JANINE NEWMAN DIRECTOR OF ADMISSION 40.00 X 151941 0 34244 THOMAS KING PRESIDENT 25.00 X X 0 0 0 DOUGLAS PERLMAN VICE PRESIDENT 5.00 X X 0 0 0 DANIEL OZIZMIR SECOND VICE PRESIDENT 5.00 X X 0 0 0 ROBERT HOLTZ TREASURER 5.00 X X 0 0 0 CARMEN FAILLA SECRETARY 5.00 X X 0 0 0 THOMAS J CONHEENEY FIRST AT LARGE 2.00 X 0 0 0 MI-SUN FREEMAN SECOND AT LARGE 2.00 X 0 0 0 ERIC GERSTER THIRD AT LARGE 2.00 X 0 0 0 MATTHEW ALLARD TRUSTEE 2.00 X 0 0 0 CLAUDE AMADEO TRUSTEE 2.00 X 0 0 0 NANCY ARMSTRONG TRUSTEE 2.00 X 0 0 0 KYLE CLARK TRUSTEE 2.00 X 0 0 0 ELLA COHEN TRUSTEE 2.00 X 0 0 0 JESSICA DRBUL TRUSTEE 2.00 X 0 0 0 STACEY GAINE TRUSTEE 2.00 X 0 0 0 RICHARD GOLDMAN TRUSTEE 2.00 X 0 0 0 NANCY HEATON TRUSTEE 2.00 X 0 0 0 GREG JANSEN TRUSTEE 2.00 X 0 0 0 MIRIAM KAGGWA-MWENDA TRUSTEE 2.00 X 0 0 0 LYNN KING TRUSTEE 2.00 X 0 0 0 EDWARD MULE TRUSTEE 2.00 X 0 0 0 TODD RAKER TRUSTEE 2.00 X 0 0 0 PETER RESNICK TRUSTEE 2.00 X 0 0 0 ALISA SAVITZ TRUSTEE 2.00 X 0 0 0 JOHN STANISE TRUSTEE 2.00 X 0 0 0 GEORGE BEAU TAYLOR TRUSTEE 2.00 X 0 0 0 1650896 0 467154 24 0 1 0 SODEXO INC & AFFILIATES PO BOX 81049 WOBURRN MA 018131049 FACILITIES MAINTENANCE 1413134 FLIK INDEPENDENT SCHOOLS BY CHARTWELL PO BOX 9337 CHICAGO IL 606931337 FOOD SERVICES 898381 CLARK COMPANIES PO BOX 427 DELHI NY 13753 CONSTRUCTION 815523 ASD CONSTRUCTION 150 AVON ST STRATFORD CT 06615 CONSTRUCTION/REMODELING 301454 SYSTEMS AND SERVICES 7 DUBOIS ST STAMFORD CT 06905 TECHNOLOGY 207709 17 5735196 1065008 5735196 TUITION & PROGRAM FEES 611600 30893983 30893983 30893983 490772 490772 40650 0 40650 40650 40650 34572414 34575338 -2924 -2924 -2924 PA DUES AND OTHER INCO 611600 206514 206514 OTHER REVENUE 611600 58516 58516 265030 37422707 30893983 0 793528 3925343 3925343 992677 992677 14023473 12061444 1498260 463769 753715 667261 62103 24351 3221429 2343306 793509 84614 960743 789446 138225 33072 118256 118256 108503 108503 142194 142194 564993 70203 494790 752909 410077 115949 226883 508046 508046 1968077 1574461 386907 6709 22540 18032 4508 167155 58504 108651 2833631 2550268 283363 461871 161655 300216 EDUCATIONAL & LIBRARY 1394392 1394392 ATHLETIC SUPPLIES 395246 395246 SERVICE CONTRACTS 137238 48033 89205 DEVELOPMENT EXPENSES 100692 100692 602198 232771 282099 87328 34155321 27208488 5919415 1027418 2087699 4791910 11144965 9877541 1181973 2270404 137461 102792 561246 748557 63480098 29729074 34455127 33751024 25911561 26233252 6949520 7016127 827228 1006955 83256780 85798562 2860964 3885138 7746641 6413570 6909995 6534996 468000 458000 17985600 17291704 X 58830949 58813407 6440231 9693451 65271180 68506858 83256780 85798562 3267386 -31708 0 X X 0 1 X 1 0 X 3629351 2959762 4529384 4403959 5735196 21257652 3629351 2959762 4529384 4403959 5735196 21257652 2192783 19064869 679603 496149 695876 903937 531422 3306987 494358 122844 249400 317241 265030 1448873 26013512 143758064 0.73290 0.78450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: NET INCOME FROM FUNDRAISING EVENTS PA DUES AND OTHER INC OTHER RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 28868784 1917478 135060 4556 608398 28 30308340 27003130 1452937 962693 549896 80 28868784 24937693 1206271 1351484 492218 100 27003130 20712508 1722640 2686301 183356 400 24937693 19866308 2168332 -621807 700000 325 20712508 0.99400 0.00600 0 0 220000 220000 55596683 24595715 31000968 7663415 5133359 2530056 33751024 ALTERNATIVE INVESTMENTS 7016127 C 7016127 32430251 -31708 -31708 32461959 142194 4818554 4960748 37422707 29194573 0 29194573 142194 4818554 4960748 34155321 PART V, LINE 4: THE INTENTION OF THE SCHOLARSHIP ENDOWMENT IS TO PROVIDE NEED-BASED SCHOLARSHIPS TO ELIGIBLE STUDENTS IN A SUSTAINABLE MANNER. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION REMISSION 893,211. SCHOLARSHIPS ($96,371) & GRANTS IN AID ($3,828,972) 3,925,343. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REMISSION 893,211. SCHOLARSHIPS ($96,371) & GRANTS IN AID ($3,828,972) 3,925,343. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ONCE A YEAR, IN CONJUNCTION WITH OTHER AREA INDEPENDENT SCHOOLS, THE SCHOOL PLACES AN ADVERTISEMENT IN THE NEW YORK TIMES LISTING THE NON-DISCRIMINATORY POLICY. IN ADDITION, THE POLICY IS CLEARLY STATED IN ALL ADMISSION MATERIALS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 3945965 0 0 0 0 0 0 3945965 0 3945965 1 0 1 0 0 0 PART III ACCOUNTING METHOD: 1 FINANCIAL ACCESS AND SCHOLARSHIPS 120 3901646 FMV REDUCTION IN TUITION FUNDS TO SUPPORT FACULTY PROFESSIONAL GROWTH & DEVELOPMENT 4 23697 FMV PROFESSIONAL GROWTH AND DEVELOPMENT SUPPORT PART I, LINE 2: FINANCIAL ACCESS IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY SCHOOL AND STUDENT SERVICES (SSS) GUIDELINES WHICH PROVIDE A FINANCIAL ACCESS NEED ANALYSIS BASED ON CONFIDENTIAL INFORMATION PROVIDED BY FAMILIES. THE SCHOLARSHIPS ARE AWARDED ON AN OBJECTIVE AND NONDISCRIMINATORY MANNER. ALL SCHOLARSHIPS ARE MADE DIRECTLY AS CREDITS AGAINST STUDENT ACCOUNTS AND NO CASH REFUNDS ARE ISSUED FOR ANY PURPOSE. X 1 1 X X X X 0 0 0 0 0 0 0 1 1 1 KAREN ESHOO HEAD OF SCHOOL 423754 0 43031 0 569 0 53799 0 83930 0 605083 0 0 0 KIMBERLY LEEKER ASSOC. HEAD OF FINANCE 354205 0 0 0 1566 0 49665 0 26741 0 432177 0 0 0 LAUREN FREDETTE DIRECTOR OF DEVELOPMENT 158112 0 0 0 202 0 8129 0 67956 0 234399 0 0 0 MARNIE SADLOWSKI ASSOC. HEAD/HEAD OF UPPER SCHOOLS 193982 0 0 0 417 0 18176 0 20636 0 233211 0 0 0 MICAH HAUBEN DEAN OF ATHLETICS 152568 0 0 0 129 0 7902 0 66541 0 227140 0 0 0 AMY VORNBERG HEAD OF LOWER SCHOOL 169805 0 0 0 615 0 8863 0 20572 0 199855 0 0 0 JANINE NEWMAN DIRECTOR OF ADMISSION 151815 0 0 0 126 0 7868 0 26376 0 186185 0 0 0 PART I, LINE 1A KAREN ESHOO IS PROVIDED WITH ON-CAMPUS HOUSING. THIS HOUSING IS REQUIRED BY THE NATURE OF THE POSITION AND IS A CONDITION OF EMPLOYMENT AND IS TREATED AS A NONTAXABLE BENEFIT. PART I, LINE 7 BONUSES ARE AWARDED BASED ON THE ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS. PART I, LINE 8 KAREN ESHOO IS IN YEAR 2 OF HER INITIAL 3 YEAR CONTRACT WITH THE SCHOOL. A CHEFA 060806186 2013-04-30 9100000 REFINANCING SERIES A BOND ISSUE 0 0 0 A 2500000 9100000 99056 9000944 2003 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CHEFA DATE THE REBATE COMPUTATION WAS PERFORMED: 02/15/2021 PART II, LINE 11 OTHER SPENT PROCEEDS RELATES TO REFINANCING OF PRIOR BOND X 19 1065008 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL ACT ON BEHALF OF THE BOARD ONLY IN UNUSUAL AND PRESSING CIRCUMSTANCES, AS DETERMINED IN THE DISCRETION OF THE PRESIDENT. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEE THOMAS KING AND TRUSTEE LYNN KING ARE SPOUSES. FORM 990, PART VI, SECTION A, LINE 4 THE MOST SIGNIFICANT CHANGES INCLUDE ADDING THE FOLLOWING LANGUAGE: ALLOWING THE CHAIRPERSON TO APPOINT PERSONS WHO ARE NON-BOARD MEMBERS, INCLUDING PARENT VOLUNTEERS, AND/OR EX-OFFICIO (TOGETHER, "NON-TRUSTEE COMMITTEE MEMBERS") TO ANY COMMITTEE OF THE BOARD OTHER THAN THE EXECUTIVE COMMITTEE AND SUCH NON-TRUSTEE COMMITTEE MEMBERS SHALL COUNT, FOR PURPOSES OF SUCH STANDING ADVISORY COMMITTEE, IN DETERMINING A QUORUM, AND THEY SHALL BE ENTITLED TO VOTE ON STANDING ADVISORY COMMITTEE MATTERS; ALL BOARD COMMITTEE APPOINTMENTS, INCLUDING THE EXECUTIVE COMMITTEE, SHALL BE FOR A ONE-YEAR TERM THAT ALIGNS WITH KING'S FISCAL YEAR; NO TIME LIMIT ON CONSECUTIVE NUMBER OF TERMS AN INDIVIDUAL MAY SERVE ON ANY BOARD COMMITTEE; PRESENCE OF AT LEAST THE NUMBER OF COMMITTEE MEMBERS EQUAL TO A MAJORITY OF THE COMMITTEE SHALL BE REQUIRED TO CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS AND ACT OF THE AFFIRMATIVE VOTES OF A MAJORITY OF THE COMMITTEE MEMBERS PRESENT AT A MEETING FOR WHICH THE QUORUM IS PRESENT SHALL BE THE ACT OF THE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEW THE ENTIRE FORM 990. THE FORM 990, INCLUDING SCHEDULE B WITH THE NAMES REDACTED IS THEN DISTRIBUTED, REVIEWED AND APPROVED BY THE ENTIRE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND OFFICERS ARE OBLIGATED TO SIGN A CONFLICT OF INTEREST STATEMENT. POTENTIAL CONFLICTS MUST BE REPORTED TO THE CHAIR OF THE TRUSTEESHIP COMMITTEE OF THE BOARD OF TRUSTEES. MEMBERS OF THE TRUSTEESHIP COMMITTEE WILL BE DESIGNATED BY THE CHAIR OF THE TRUSTEESHIP COMMITTEE TO INVESTIGATE POTENTIAL CONFLICT SITUATIONS OF BOTH INTEREST AND COMMITMENT AND, IF APPROPRIATE, PROVIDE RECOMMENDATIONS FOR CORRECTIVE ACTION. RECOMMENDATIONS ARE TO BE BROUGHT FORWARD BY THE CHAIR OF THE TRUSTEESHIP COMMITTEE TO THE CHAIR OF THE BOARD OF TRUSTEES AND HEAD OF SCHOOL AS HE OR SHE DEEMS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, ACCORDING TO THE PHILOSOPHY AND PROCESS OUTLINED IN THE COMPENSATION PHILOSOPHY. COMPETITIVE COMPENSATION DATA FROM SEVERAL SOURCES, EXPERIENCE AND A PERFORMANCE APPRAISAL ARE UTILIZED IN THE COMPENSATION DETERMINATION AND DOCUMENTATION. THE HEAD OF SCHOOL DETERMINES THE COMPENSATION FOR KEY EMPLOYEES AND SENIOR ADMINISTRATORS UTILIZING THE OVERALL SALARY INCREASE POOL APPROVED BY THE BOARD OF TRUSTEES AS A BASE. IN ADDITION, COMPETITIVE SALARY DATA, EXPERIENCE AND A PERFORMANCE APPRAISAL ARE UTILIZED FOR DETERMINING COMPENSATION AS WELL AS DOCUMENTATION. IN ADDITION, THE CFOO AND THE HEAD OF SCHOOL REVIEW COMPARABLE DATA AND DISCUSS PERFORMANCE OF ALL KEY EMPLOYEES. TAKING THIS DATA INTO CONSIDERATION, THE HEAD OF SCHOOL WILL THEN DETERMINE THE COMPENSATION FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS ARE MADE AVAILABLE BY REQUESTS AT MANAGEMENT'S DISCRETION. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED IN THE CURRENT YEAR.