2020-07-15T09:05:27-05:00 2019-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2018-07-01 060646562 BRUNSWICK SCHOOL INC BRUN 2036255800 100 MAHER AVENUE GREENWICH CT 068305618 KATHLEEN HARRINGTON CHIEF FINANCIAL OFFICER 2036255800 2020-07-15 1 GARRETT M HIGGINS P00543209 2122862600 2020-07-11 68.175.34.111 2020-07-15 08:31:53 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B29914CEB47F2C50F9800CDE5B5AE22990D509AB 2018 2021-01-29 14:40:06Z KATHLEEN HARRINGTON 100 MAHER AVENUE GREENWICH CT 068305618 90106880 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. 30 30 375 300 0 -248233 41755230 14312644 40158750 43055579 4022568 9749462 1251172 408498 87187720 67526183 6046201 6800730 0 0 28273621 29607800 0 0 2557869 15490610 19229672 49810432 55638202 37377288 11887981 378078632 381523718 72866560 68429391 305212072 313094327 X BRUNSWICK SCHOOL, INC. (THE SCHOOL) IS A NOT FOR PROFIT DAY SCHOOL, FOUNDED IN 1902, FOR BOYS IN PRE KINDERGARTEN THROUGH TWELFTH GRADE. THE SCHOOL, WHICH IS LOCATED IN GREENWICH, CONNECTICUT, IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. THE PURPOSE OF THE SCHOOL IS TO EDUCATE THE "WHOLE BOY". IT WILL DO 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 37125074 6800730 41681005 EDUCATION FOR APPROXIMATELY 1,026 STUDENTS IN CLASSES FROM PRE-KINDERGARTEN THROUGH 12TH GRADE 4813935 0 ATHLETIC PROGRAMS 4682016 1528461 STUDENT SERVICES INCLUDING BOOKSTORE, AUXILIARY PROGRAMS, AND TRANSPORTATION 46621025 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 0 375 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 30 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 X KATHLEEN F HARRINGTON CFO 2036255800 100 MAHER AVENUE GREENWICH CT 06830 MR GREGORY BARTON HARTCH CHAIRMAN 8.00 X X 0 0 0 MR ROBERT F CARANGELO SECRETARY 4.00 X X 0 0 0 MS KERRY TYLER TREASURER 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 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 FRANK CARROLL TRUSTEE 2.00 X 0 0 0 MR ALBERTO J DELGADO TRUSTEE 2.00 X 0 0 0 MR MARK F DZIALGA TRUSTEE 2.00 X 0 0 0 MR PHILIP A HADLEY TRUSTEE 2.00 X 0 0 0 MS NISHA KUMAR BEHRINGER TRUSTEE 2.00 X 0 0 0 MR D SCOTT MACKESY TRUSTEE 2.00 X 0 0 0 MR D IAN MCKINNON TRUSTEE 2.00 X 0 0 0 MR ROBERT E MICHALIK TRUSTEE 2.00 X 0 0 0 MR THOMAS D O'MALLEY JR TRUSTEE 4.00 X 0 0 0 MR DOUGLAS I OSTROVER TRUSTEE 2.00 X 0 0 0 MR STEPHEN R PIERCE 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 MR AMERICO C NARDIS TRUSTEE 2.00 X 0 0 0 MR KEITH A PAGNANI TRUSTEE 2.00 X 0 0 0 MR R WILLETT COOK TRUSTEE 2.00 X 0 0 0 MR SEAN D CARNEY TRUSTEE 2.00 X 0 0 0 MRS JENNIFER C PRICE TRUSTEE 2.00 X 0 0 0 MRS PAMELA K KELLER TRUSTEE 2.00 X 0 0 0 MR THOMAS W PHILIP HEAD OF SCHOOL 70.00 X 995387 0 149376 MS KATHLEEN HARRINGTON CFO 65.00 X 294057 0 147109 MR THOMAS MURRAY DIRECTOR OF DEVELOPMENT 55.00 X 337947 0 136321 MRS GINA HURD DEAN OF ADMISSION 40.00 X 260238 0 56954 MR DAVID BRUCE DIRECTOR OF MIDDLE SCHOOL ADMISSION 40.00 X 204046 0 132185 MR AARON MONTGOMERY UPPER SCHOOL MATHEMATICS TEACHER 40.00 X 194230 0 122633 MR SUNIL GUPTA DIRECTOR OF TECHNOLOGY 40.00 X 174708 0 76718 MR DOUGLAS BURDETT DIRECTOR OF COLLEGE GUIDANCE 40.00 X 184330 0 106769 2644943 0 928065 71 0 1 0 FLIK COMPASS GROUP USA 1 ORCHARD ROAD ARMONK NY 10504 FOOD SERVICES 2108602 WHITEWATER INC 41 CENTRAL STREET AUBURN MA 01501 WATER TREATMENT 261857 FOLEY'S PUMP SERVICE INC 13 MIRY BROOK ROAD DANBURY CT 06810 WATER PUMP INSTALLATION / SERVICE 211559 CORPORATE CLEANING INC 85 PURCHASE STREET RYE NY 10580 CLEANING SERVICES 209231 REDNISS & MEAD INC 22 FIRST STREET STAMFORD CT 06905 CONSTRUCTION MANAGEMENT/CONTRACTING 186658 8 265187 14047457 813964 14312644 STUDENT TUITION 611710 41681005 41681005 AFTER SCHOOL PROGRAMS & OTHER FEE 611710 841844 841844 SUMMER PROGRAM 611710 532730 532730 43055579 858041 858041 1124551 921734 202817 202817 202817 29421160 20529739 8891421 8891421 8891421 430312 265187 378518 51794 51794 904593 750706 153887 153887 67526183 43209466 0 10004073 6800730 6800730 2083691 1667201 295836 120654 20976013 16783315 2978108 1214590 2018763 1615251 286618 116894 2754145 2203644 391025 159476 1775188 1420362 252036 102790 95553 95553 115230 115230 50250 50250 443219 346156 97063 73017 18254 18254 36509 354439 73047 221065 60327 487229 4062 347180 135987 2518159 2505211 9196 3752 474884 474884 1483950 1441620 23025 19305 7214024 6967647 167750 78627 382088 382088 STUDENT FOOD SERVICES 1822734 1822734 BLDG MAINT & CONTRACTS 1273712 1262377 8050 3285 EDUCATIONAL SUPPLIES 1152840 1152840 PROFESSIONAL DEVELOPMEN 454460 368733 61896 23831 833884 39113 409992 384779 55638202 46621025 6459308 2557869 19483106 19872442 37727865 51471802 8406566 8291098 305076 1133135 143503 131194 258992 423636 268807290 78357704 191661627 190449586 20163192 21230560 99846561 88444751 82144 75514 378078632 381523718 6835506 7063648 16351250 16468612 30485000 29020000 12265592 9000000 6929212 6877131 72866560 68429391 X 227052781 241517308 30760579 23434532 47398712 48142487 305212072 313094327 378078632 381523718 11887981 -4005726 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 123815761 1287448 5021195 3532558 126591846 129357023 2783278 8628653 16953193 123815761 112956829 8265781 11388545 3254132 129357023 113573765 4651834 -2652665 2616105 112956829 103453017 6971508 6047503 2898263 113573765 0.49610 0.36390 0.14000 0 0 29174053 29174053 191733787 51028919 140704868 25271498 19041226 6230272 22627952 8287559 14340393 190449586 MULTI-STRATEGY FUND 13693675 F PE LIMITED PARTNERSHIPS 28079034 F EQUITY STRATEGY FUND 46672042 F 88444751 ENROLLMENT DEPOSITS 5040304 ASSET RETIREMENT OBLIGATION 200691 UNAMORTIZED BOND PREMIUM 1636136 6877131 X 58341917 -4005726 1672440 -2333286 60675203 50250 6800730 6850980 67526183 50459662 1672440 1672440 48787222 50250 6800730 6850980 55638202 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 921,734. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 750,706. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 6,800,730. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 921,734. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 750,706. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 6,800,730. 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 THROUGH ITS INTERNET WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 45486987 0 0 0 0 0 0 45486987 0 45486987 1 0 1 1 1 0 SCHEDULE F, PART IV, LINE 3 : THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 AND FORM 8621 BECAUSE IT DOES NOT MEET THE APPLICABLE FILING THRESHOLD REQUIREMENT AND OWNERSHIP REQUIREMENT. SCHEDULE F, PART IV, LINE 1: FOREIGN CORPORATION FILINGS: THE ORGANIZATION IS REQUIRED TO FILE FORM 926 AND FORM 8865 BECAUSE IT HAS MET THE APPLICABLE FILING REQUIREMENTS. FASHION SHOW 230703 112575 118128 18977 20574 30454 57387 GOLF OUTING 169390 87980 81410 71125 4846 4 295406 64632 230774 13434 6151 24638 130932 695499 265187 430312 13434 90102 26725 55092 193165 378518 51794 1 FINANCIAL AID 179 6800730 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 386654 0 375000 0 233733 0 35750 0 113626 0 1144763 0 215000 0 MS KATHLEEN HARRINGTON CFO 228541 0 65000 0 516 0 90875 0 56234 0 441166 0 0 0 MR THOMAS MURRAY DIRECTOR OF DEVELOPMENT 231214 0 50000 0 56733 0 31525 0 104796 0 474268 0 0 0 MRS GINA HURD DEAN OF ADMISSION 241446 0 0 0 18792 0 34806 0 22148 0 317192 0 97105 0 MR DAVID BRUCE DIRECTOR OF MIDDLE SCHOOL ADMISSION 147786 0 0 0 56260 0 16991 0 115194 0 336231 0 0 0 MR AARON MONTGOMERY UPPER SCHOOL MATHEMATICS TEACHER 134316 0 0 0 59914 0 18027 0 104606 0 316863 0 0 0 MR SUNIL GUPTA DIRECTOR OF TECHNOLOGY 174192 0 0 0 516 0 23121 0 53597 0 251426 0 0 0 MR DOUGLAS BURDETT DIRECTOR OF COLLEGE GUIDANCE 166054 0 0 0 18276 0 47698 0 59071 0 291099 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO THE HEADMASTER AS HE IS REQUIRED TO LIVE ON CAMPUS. THE HOUSING BENEFIT IS PART OF HIS NON-TAXABLE COMPENSATION TOTALING $80,000. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). ACCORDING TO THEIR COMPENSATION AGREEMENTS THAT REQUIRE THEM TO LIVE ON CAMPUS AND BE AVAILABLE 24/7, THE FOLLOWING EMPLOYEES RECEIVED A NON-TAXABLE HOUSING BENEFIT. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D): - KATHLEEN HARRINGTON $33,000 - SUNIL GUPTA $33,000 THE HOUSING BENEFIT PROVIDED IS IN COMPLIANCE WITH REGS. SEC. 1.119-1(B) THAT STATES THAT THE HOUSING MUST BE ON THE ORGANIZATION'S PREMISES, THE ORGANIZATION IS PROVIDING HOUSING FOR THE ORGANIZATIONS BENEFIT RATHER THAN FOR THE EMPLOYEE'S CONVENIENCE, AND THE ORGANIZATION MUST REQUIRE THE EMPLOYEE TO ACCEPT THE HOUSING AS A CONDITION OF EMPLOYMENT. THE EMPLOYEES THAT RECEIVED A HOUSING BENEFIT NEED TO LIVE ON THE PREMISES IN ORDER TO PERFORM THEIR DUTIES AND THEREFORE THE HOUSING VALUE IS EXCLUDED FROM GROSS INCOME. THE FOLLOWING EMPLOYEES RECEIVED A TAXABLE HOUSING BENEFIT. THESE AMOUNTS WERE INCLUDED IN THE FORM 990, BOX 5 AND REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). - GINA HURD $18,000 - DOUGLAS BURDETT $18,000 - DAVID BRUCE $18,000 - THOMAS MURRAY $18,000 - AARON MONTGOMERY $15,833 PART I, LINE 4B LINE 4B NONQUALIFIED RETIREMENT PLAN - THE SCHOOL MAINTAINS A 457(F) DEFERRED COMPENSATION PLAN IN WHICH CERTAIN SENIOR EXECUTIVES PARTICIPATE. FUNDED AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. KATHLEEN HARRINGTON, GINA HURD AND DOUGLAS BURDETT PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT FUND 457(F) AND RECEIVED A FUNDING TO THEIR DEFERRED COMPENSATION UNDER A 457(F) PLAN IN THE AMOUNT OF $60,000, $15,000, AND $25,000 ACCORDINGLY. THESE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (C). THOMAS W. PHILIP RECEIVED DISTRIBUTION FROM HIS 457 (F) FUND IN THE AMOUNT OF $215,217. THIS AMOUNT IS TAXABLE, INCLUDED IN HIS 2018 FORM W-2 BOX 5 AND IS REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN B(III). THIS AMOUNT WAS ALSO REPORTED ON SCHEDULE J, COLUMN F AS COMPENSATION IN COLUMN B WAS REPORTED AS DEFERRED ON A PRIOR FORM 990. GINA HURD RECEIVED DISTRIBUTION FROM HIS 457 (F) FUND IN THE AMOUNT OF $97,105. THIS AMOUNT IS TAXABLE, INCLUDED IN HER 2018 FORM W-2 BOX 5 AND IS REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN B(III). THIS AMOUNT WAS ALSO REPORTED ON SCHEDULE J, COLUMN F AS COMPENSATION IN COLUMN B WAS REPORTED AS DEFERRED ON A PRIOR FORM 990. PART I, LINE 7 THE HEAD OF SCHOOL, THOMAS W. PHILIP, DIRECTOR OF DEVELOPMENT, THOMAS MURRAY AND THE CHIEF FINANCIAL OFFICER, KATHLEEN HARRINGTON, RECEIVED FROM THE ORGANIZATION A BONUS IN THE AMOUNT OF $375,000, $50,000 AND $65,000, 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 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 STATE OF 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 INCLUDES THE ISSUE PRICE IN THE AMOUNT OF $38,470,000 (PART I, LINE A, COLUMN (E)) PLUS INVESTOR'S PAID A $3,520,411 PREMIUM FOR THE NEW BONDS. TOTAL PROCEED IS $41,990,411. 80600 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 46 813964 AVG. SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. 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 TREASURER OF THE BOARD OF TRUSTEES WILL REVIEW THE ANNUAL FORM 990 RETURN PRIOR TO FILING. THIS REVIEW WILL BE NOTED AS AN AGENDA ITEM AT BOTH AN AUDIT/FINANCE COMMITTEE MEETING AND A BOARD OF TRUSTEE MEETING AND WILL BE DULY NOTED IN THE MINUTES. THE COMPLETED FORM 990 WILL BE MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES RECEIVES A COPY OF THE FORM 990 EITHER ELECTRONICALLY OR IN PAPER FORM, PER THEIR REQUEST OF THE BUSINESS OFFICE OR TREASURER. FORM 990, PART VI, SECTION B, LINE 12C EACH NEW PERSON SERVING AS A TRUSTEE, OFFICER OR KEY EMPLOYEE OF BRUNSWICK SCHOOL IS REQUIRED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. 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 AND THE COMPENSATION COMMITTEE MAKES THE FINAL DECISION FOR THE SALARY PACKAGE FOR THE FOLLOWING YEAR, ASSUMING CONTINUATION OF EMPLOYMENT. 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. ALSO, THE FEDERAL FORM 990 WHICH INCLUDES FINANCIAL AND OTHER DISCLOSURES IS AVAILABLE ON GUIDESTAR. 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. 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