2020-02-18T11:07:04-06:00 2019-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2018-07-01 042105838 WILBRAHAM AND MONSON ACADEMY WILB 4135966811 423 MAIN STREET WILBRAHAM MA 01095 BRIAN P EASLER HEAD OF SCHOOL 4135966811 2020-02-14 1 PATRICIA MCGOWAN P00184514 9592007000 2020-02-14 209.59.242.22 2020-02-14 14:56:39 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3A16AF227DFFBEB6A54D665AEE301AB9EC7A606C 2018 2020-09-23 17:36:50Z BRIAN P EASLER 423 MAIN STREET WILBRAHAM MA 01095 27984911 0 X WWW.WMA.US X 1971 MA WILBRAHAM & MONSON ACADEMY IS A TRANSFORMATIONAL EXPERIENCE WHERE STUDENTS BECOME CHALLENGE-SEEKING CITIZENS AND LEADERS OF AN EVOLVING WORLD. 16 16 253 0 0 0 4633627 3879748 20427433 20585135 97884 -216944 707907 345171 25866851 24593110 4155400 4351450 0 0 11904266 11161945 0 0 1188311 6519967 7631742 22579633 23145137 3287218 1447973 36152378 37946412 13553120 13792691 22599258 24153721 WILBRAHAM & MONSON ACADEMY IS A TRANSFORMATIONAL EXPERIENCE WHERE STUDENTS BECOME CHALLENGE-SEEKING CITIZENS AND LEADERS OF AN EVOLVING WORLD. 0 0 17379549 4351450 20644953 PRIVATE CO-EDUCATIONAL SECONDARY SCHOOL ENROLLMENT OF APPROXIMATELY 401 STUDENTS. PROGRAM SERVICE EXPENSES INCLUDE INSTRUCTIONAL, SCHOLARSHIP, LIBRARY, AND INFIRMARY. WITHIN A CARING AND SUPPORTIVE ENVIRONMENT, THE ACADEMY MAKES AVAILABLE AN ABUNDANT OFFERING OF CURRICULAR AND EXTRACURRICULAR EXPERIENCES. ALL MEMBERS OF THE COMMUNITY ARE ENCOURAGED TO DEVELOP THEIR TALENTS BY MEANS OF THE ACADEMY'S MENTORING PHILOSOPHY CENTRALLY IMPORTANT TO THE SCHOOL'S MISSION. 17379549 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 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 13 0 1 253 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X KIM DAVIS 4135966811 423 MAIN ST WILBRAHAM MA 01095 SCOTT B JACOBS CHAIR 1.00 X X 0 0 0 JAMES E LACROSSE VICE CHAIR 1.00 X X 0 0 0 MARK R SHENKMAN VICE CHAIR 1.00 X X 0 0 0 DAVID A REEVES TREASURER 1.00 X X 0 0 0 KRISTA HANSON SECRETARY 1.00 X X 0 0 0 ANDREW MELE TRUSTEE 1.00 X 0 0 0 BARRY M MALONEY TRUSTEE 1.00 X 0 0 0 BONNIE FAULKNER RYAN TRUSTEE 1.00 X 0 0 0 CAITLIN S FLYNN TRUSTEE 1.00 X 0 0 0 CHRISTOPHER ANTONACCI TRUSTEE 1.00 X 0 0 0 CRAIG RUBIN TRUSTEE 1.00 X 0 0 0 JUDITH A KNAPP TRUSTEE 1.00 X 0 0 0 K IVAN F GOTHNER TRUSTEE 1.00 X 0 0 0 LINDA B GRIFFIN TRUSTEE 1.00 X 0 0 0 RAYMOND ANTON TRUSTEE 1.00 X 0 0 0 TIMOTHY J MARINI TRUSTEE 1.00 X 0 0 0 BRIAN P EASLER HEAD OF SCHOOL 40.00 X 382201 0 63648 KIM DAVIS CHIEF FINANCIAL OFFICER 40.00 X 192996 0 35194 DONALD NICHOLSON DIRECTOR OF ATHLETICS 40.00 X 110654 0 39248 JOHN BOOZANG DIRECTOR OF COLLEGE COUNSE 40.00 X 104337 0 28677 KATE GAW DIRECTOR OF ADMISSION & FI 40.00 X 134309 0 22363 MARK AIMONE DIRECTOR OF ADVANCEMENT 40.00 X 203048 0 51282 1127545 0 240412 6 0 1 0 COMPASS GROUP PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 1474697 FONTAINE BROS INC 510 COTTAGE STREET SPRINGFIELD MA 01104 CONTRACTOR 503496 FLANSBURGH ARCHITECTS 77 N WASHINGTON ST BOSTON MA 02114 ARCHITECT 444974 ATALIAN GLOBAL SERVICES PO BOX 412096 BOSTON MA 02241 CLEANING SERVICE 304318 RENE L COTE SONS INC 896 MAIN ST HOLYOKE MA 01040 CONTRACTORS - VARIOUS PROJECTS 202566 6 3879748 1401787 3879748 TUITION AND FEES 611710 20516177 20516177 SUPPORTING SERVICES 611710 68958 68958 20585135 64244 64244 5941 5941 174144 31757 142387 142387 142387 1789345 1101275 1789345 1382463 0 -281188 -281188 -281188 248054 188236 59818 59818 OTHER SUPPORT SERVICES 611710 120861 120861 INSURANCE SETTLEMENT PROCEEDS 900099 16164 16164 137025 24593110 20644953 0 68409 4351450 4351450 680694 65288 506593 108813 7527266 5949072 1037714 540480 497382 411216 53818 32348 1883926 1424644 314913 144369 572677 424547 103459 44671 43513 43513 63157 63157 50 50 884469 643845 240624 488183 65413 322793 99977 127878 60362 30617 36899 168037 383 143242 24412 2071749 1879264 186758 5727 419586 286121 47282 86183 199883 199883 1293561 880717 395365 17479 254824 254824 DEPARTMENT EXPENSES 904223 531558 343279 29386 REPAIRS AND MAINTENANCE 467257 405669 44021 17567 BAD DEBTS 245372 245372 23145137 17379549 4577277 1188311 2307286 4403917 3336975 2918616 53084 40633 14040 111873 128665 120880 158985 293827 35507298 17218099 17434068 18289199 11200705 11334934 288837 286388 128715 146145 1101018 0 36152378 37946412 1331976 1767144 5781749 5876311 4040000 3900000 1697859 1402347 701536 846889 13553120 13792691 X 13364751 13943876 5650031 6726111 3584476 3483734 22599258 24153721 36152378 37946412 X 1447973 373299 -266808 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10644024 168351 374413 422420 10764368 8965537 1440427 648248 410188 10644024 8453184 156115 756359 400121 8965537 9094971 335690 -603744 373733 8453184 10354031 136347 -1039448 51745 304214 9094971 0.38300 0.28100 0.33600 0 0 4890498 4890498 26568012 15615482 10952530 2062218 1314232 747986 1986570 288385 1698185 18289199 SWAP CONTRACT LIABILITY 789172 DEFERRED OBLIGATIONS 12301 CAPITAL LEASE 45416 846889 X 20580974 373299 12830 -4430022 -4043893 24624867 -31757 -31757 24593110 19026511 12830 219993 232823 18793688 4351450 4351450 23145138 PART V, LINE 4: INVESTMENT RETURN FROM THE ACADEMY'S ENDOWMENT IS APPROPRIATED ANNUALLY, IN ACCORDANCE WITH THE BOARD APPROVED SPENDING POLICY, TO UNDERWRITE A PORTION OF THE ACADEMY'S ANNUAL OPERATING BUDGET, INCLUDING FINANCIAL AID AWARDS, FACULTY COMPENSATION AND PROFESSIONAL DEVELOPMENT AND OTHER QUALIFYING OPERATING EXPENSES. PART X, LINE 2: THE ACADEMY HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2019 AND 2018. THE ACADEMY'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2016 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE ACADEMY 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 STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 188,236. CHANGE IN VALUE OF INTEREST RATE SWAP -266,808. FINANCIAL AID -4,351,450. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -31,757. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 188,236. RENTAL EXPENSES 31,757. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,351,450. 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 ACADEMY DOES NOT DISCRIMINATE AGAINST APPLICANTS OR STUDENTS ON THE BASIS OF RACE, SEX, CREED, RELIGION, HANDICAP OR NATIONAL ORIGIN. THIS POLICY APPLIES TO ALL ASPECTS OF THE ADMISSIONS POLICY, THE AWARDING OF FINANCIAL AID, AND TO SCHOOL LIFE IN GENERAL. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT TRAVEL 54000 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES STUDENT TRAVEL 21000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDENT TRAVEL 61000 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES STUDENT TRAVEL 39000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDENT RECRUITING 24000 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDENT RECRUITING 59000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDENT RECRUITING 37000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES STUDENT RECRUITING 7000 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 PROGRAM SERVICES STUDENT RECRUITING 6000 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES ALUMNI RELATIONS, FUNDRAISING 47000 0 0 0 0 0 0 302000 53000 355000 0 0 0 0 0 0 1 FINANCIAL AID TO STUDENTS 188 4351450 FAIR VALUE FINANCIAL AID AWARDED AS A REDUCTION OF TUITION CHARGE PART I, LINE 2: FAMILIES INTERESTED IN RECEIVING FINANCIAL AID NOTIFY THE ADMISSION OFFICE AND SUBMIT AN APPLICATION THROUGH SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID ("SSS"). SSS WILL ESTIMATE THE FAMILY CONTRIBUTION AMOUNT USING FINANCIAL INFORMATION SUBMITTED BY THE FAMILY DURING THE APPLICATION PROCESS. THE ACADEMY USES THIS ESTIMATE AS A GUIDE, ALONG WITH FINANCIAL INFORMATION PROVIDED BY THE FAMILY, TO DETERMINE THE AMOUNT OF THE AWARD TO THE STUDENT. FINANCIAL AID IS NOT A CASH GRANT AWARD. ACTUAL FINANCIAL AID AWARDS ARE REFLECTED AS CREDITS TOWARDS TUITION. X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 BRIAN P EASLER HEAD OF SCHOOL 336382 0 40000 0 5819 0 46000 0 17648 0 445849 0 0 0 KIM DAVIS CHIEF FINANCIAL OFFICER 192996 0 0 0 0 0 16431 0 18763 0 228190 0 0 0 KATE GAW DIRECTOR OF ADMISSION & FI 134309 0 0 0 0 0 13568 0 8795 0 156672 0 0 0 MARK AIMONE DIRECTOR OF ADVANCEMENT 203048 0 0 0 0 0 14636 0 36646 0 254330 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL, AS A CONDITION OF EMPLOYMENT IN ORDER TO PROPERLY DISCHARGE HIS RESPONSIBILITIES, AND FOR THE CONVENIENCE OF THE ACADEMY, IS REQUIRED TO MAINTAIN HIS RESIDENCE IN A HOME OWNED BY THE ACADEMY AND SITUATED ON THE ACADEMY'S CAMPUS. THE ESTIMATED PERSONAL USE VALUE IS INCLUDED ON PART II, COLUMN D AS A NONTAXABLE BENEFIT. MARK AIMONE, DON NICHOLSON AND JOHN BOOZANG ARE ALSO PROVIDED HOUSING. IN ADDITION, THE HEAD OF SCHOOL AND MARK AIMONE ARE PROVIDED WITH A VEHICLE FOR BUSINESS USE. THE TAXABLE LEASE VALUE IS INCLUDED IN THEIR 2018 FORM W-2 AS OTHER REPORTABLE COMPENSATION. PART I, LINE 7 HEAD OF SCHOOL RECEIVED A BOARD APPROVED CALENDAR YEAR BONUS OF $40,000 WHICH WAS INCLUDED IN HIS 2018 W2. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2010-03-04 4940000 TO REFINANCE 2006 BONDS USED TO CONSTRUCT AN ATHLETIC FIELD HOUSE AND FIELDS 0 0 0 A 1040000 4940000 70200 4869800 1 0 1 1 A 0 0 0 0 1 1 MORGAN STANLEY 30.000000000000 0 0 0 0 0 A 1 X 13 1135903 FMV X WINDOWS 1 245000 FAIR VALUE X OTHER 18 20884 FAIR VALUE 0 1 1 PART I, COLUMN (B): NUMBER REPORTED IN COLUMN B OF SCHEDULE M REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: THE SCHOOL MAINTAINS AN ACCOUNT WITH A FINANCIAL INSTITUTION THROUGH WHICH IT LIQUIDATES DONATED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS REVIEWED BY THE CURRENT CHAIR OF THE BOARD, CURRENT CHAIR OF THE FINANCE COMMITTEE AND CHIEF FINANCIAL OFFICER PRIOR TO SUBMISSION. THE TAX RETURN IS THEN MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES. IN ORDER TO PROTECT THE PRIVACY OF THE ACADEMY'S DONOR POPULATION, MANAGEMENT DISTRIBUTES FORM 990 EXCLUDING SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C THE CHAIR OF THE BOARD IS KEPT INFORMED OF ANY CONFLICTS OF INTEREST BY BOARD MEMBERS. BOARD MEMBERS ARE EXCUSED FROM ANY DISCUSSIONS AT MEETINGS WHERE THEY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE DETERMINES THE SALARIES OF THE HEAD OF SCHOOL AND OFFICERS BASED UPON COMPARATIVE SALARIES FOR SIMILAR POSITIONS AND DUTIES FROM DATA COLLECTED FROM PEER INSTITUTIONS. REASONABLE AND COMPETITIVE SALARIES ARE BASED ON THE DATA COLLECTED. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -266,808. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.