2020-11-11T14:27:04-06:00 2020-06-30 061009205 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 2720 WEST HARTFORD CT 061272000 990 2019-07-01 060646805 THE RECTORY SCHOOL INC RECT 8609287759 528 POMFRET STREET POMFRET CT 06258 FREDERICK W WILLIAMS HEADMASTER 8609287759 2020-11-11 1 JOHN TOSCANO P00358542 8605614000 2020-11-11 64.251.63.131 2020-11-11 13:35:32 ES P 9F3B9057DC4C1AB93FF6CCB85D8B21EC61D194BB 9F3B9057DC4C1AB93FF6CCB85D8B21EC61D194BB 2019 2021-01-29 14:40:06Z FREDERICK W WILLIAMS 528 POMFRET STREET POMFRET CT 06258 18369730 0 X WWW.RECTORYSCHOOL.ORG X 1935 CT TO PROVIDE STUDENTS, FROM EARLY CHILDHOOD THROUGH MIDDLE SCHOOL, WITH AN ENRICHED AND SUPPORTIVE ACADEMIC, SOCIAL AND ETHICAL COMMUNITY THAT ADDRESSES INDIVIDUAL LEARNING STYLES, APTITUDES AND NEEDS WHILE PROMOTING PERSONAL SELF-WORTH AND ACCOUNTABILITY. 22 22 186 5 154395 0 3701194 1607410 13826278 14755084 -98986 26936 241447 292253 17669933 16681683 2309211 2669936 0 0 8661940 9184646 0 0 647503 5407192 5141012 16378343 16995594 1291590 -313911 44383931 42844286 13865396 12365240 30518535 30479046 X TO PROVIDE STUDENTS, FROM EARLY CHILDHOOD THROUGH MIDDLE SCHOOL, WITH AN ENRICHED AND SUPPORTIVE ACADEMIC, SOCIAL AND ETHICAL COMMUNITY THAT ADDRESSES INDIVIDUAL LEARNING STYLES, APTITUDES AND NEEDS WHILE PROMOTING PERSONAL SELF-WORTH AND ACCOUNTABILITY. THE SCHOOL COMMUNITY LIVES THE RECTORY SCHOOL CREED: RESPONSIBILITY, RESPECT, HONESTY, AND COMPASSION. 0 0 13616732 2669936 14844362 PROVIDE CO-EDUCATIONAL SERVICES AND SUPPORT TO APPROXIMATELY 260 STUDENTS IN GRADES 5 THROUGH 9 IN AN INDEPENDENT BOARDING AND DAY SCHOOL SETTING. 13616732 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 44 0 1 186 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X TONYA RAYMENT 8609286025 528 POMFRET STREET POMFRET CT 06258 FREDERICK W WILLIAMS HEADMASTER 50.00 X 261271 0 101834 TONYA RAYMENT CHIEF FINANCIAL OFFICER 50.00 X 140081 0 24065 FRED NAGLE DIR. OF DEVELOPMENT 40.00 X 132763 0 6597 LISA HART DIR. OF ACADEMICS 40.00 X 122779 0 37395 GLEN AMES ASST. HEADMASTER/DIR.MIDDLE SCHOOL 40.00 X 106297 0 60578 JAMES E BELL TRUSTEE 1.00 X 0 0 0 LISA T CANTER MD TRUSTEE 1.00 X 0 0 0 SHEILA J CLANCY TRUSTEE 1.00 X 0 0 0 DANIEL J DE NUCCIO TRUSTEE 1.00 X 0 0 0 HENRY B EATON TRUSTEE 1.00 X 0 0 0 NATHAN FOLLANSBEE TRUSTEE 1.00 X 0 0 0 GEORGE D GROOM SECRETARY 1.00 X X 0 0 0 LAURENCE N HALE II TRUSTEE 1.00 X 0 0 0 NATHANIEL P HAMILTON JR TRUSTEE 1.00 X 0 0 0 NATASHA HARVEY SWANN TRUSTEE 1.00 X 0 0 0 JAMES H LEACH TREASURER 1.00 X 0 0 0 KEVIN T LEWIS TRUSTEE 1.00 X 0 0 0 WILLIAM P LOFTUS III TRUSTEE 1.00 X X 0 0 0 WILLIAM T LOOS VICE CHAIR 1.00 X X 0 0 0 PATRICIA MULCAHY TRUSTEE 1.00 X 0 0 0 LLOYD W MONTGOMERY III TRUSTEE 1.00 X 0 0 0 JO ANN MORELLI SURIANO CHAIR 1.00 X X 0 0 0 XIN TANG TRUSTEE 1.00 X 0 0 0 KEVIN M TUBRIDY TRUSTEE 1.00 X 0 0 0 JOHNNY L L WELLS TRUSTEE 1.00 X 0 0 0 VAN H WILSHIRE TRUSTEE 1.00 X 0 0 0 ELIZABETH H ZIMMERMANN TRUSTEE 1.00 X 0 0 0 763191 0 230469 5 0 1 0 FLIK INDEPENDENT SCHOOL DINING PO BOX 417632 BOSTON MA 02241 DINING SERVICES 985442 FULLERTON CONSTRUCTION PO BOX 482 DAYVILLE CT 06241 CONSTRUCTION 135066 NORTH EAST BUILDERS ROOFING CO 105 EASTFORD ROAD EASTFORD CT 06242 CONSTRUCTION 129890 E&R LAUNDRY & DRY CLEANERS 80 ROSS AVE MANCHESTER NH 03103 STUDENT LAUNDRY 127035 4 1607410 1607410 TUITION AND FEES 611710 14009489 14009489 AUXILIARY PROGRAMS 611710 745595 745595 14755084 450133 450133 1228500 1626276 25421 -397776 -25421 -423197 -423197 49679 36350 13329 13329 SUMMER RENTAL 900099 154395 154395 FEES, DEPOSITS AND OTH 611710 124529 75949 48580 278924 16681683 14844362 154395 75516 2669936 2669936 454470 29210 337631 87629 86346 86346 6064929 4783169 991170 290590 279751 218448 47301 14002 1822483 1588297 212442 21744 476667 359106 95327 22234 27720 27720 60610 60610 66560 66560 236208 123941 98247 14020 47076 453 46623 210966 2449 166954 41563 187687 159534 28153 947053 804995 94705 47353 95627 34617 32889 28121 244152 219737 24415 1057272 951545 105727 120370 120370 FOOD SERVICE 666902 666902 EDUCATIONAL SUPPLIES AN 360242 360242 STUDENT SERVICES AND AC 254470 254470 SPECIAL EVENTS AND ACTI 178307 73936 45615 58756 379790 229399 128900 21491 16995594 13616732 2731359 647503 5525578 4737315 1115913 1167642 307061 303521 103585 9501 11809 18428 103760 61972 35859252 18470058 17881521 17389194 19334704 19156713 44383931 42844286 701471 745511 6711743 3622698 6113384 5928813 338798 2068218 13865396 12365240 X 15908282 15816912 14610253 14662134 30518535 30479046 44383931 42844286 X -313911 330446 26084 -82108 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19327420 65884 310408 665000 19038712 16789965 2672561 364894 500000 19327420 14497991 1743785 1056189 508000 16789965 12961359 453507 1558125 475000 14497991 12791290 1019888 -374819 475000 12961359 0.28580 0.71420 0 0 31432795 15326748 16106047 2236025 1829525 406500 2190432 1313785 876647 17389194 CUSTODIAL LIABILITIES 333574 INTEREST RATE SWAP AGREEMENT 145144 REFUNDABLE ADVANCE 1589500 2068218 14255959 330446 26084 36350 392880 13863079 66560 2752044 2818604 16681683 14295448 36350 36350 14259098 66560 2669936 2736496 16995594 PART V, LINE 4: EARNINGS FROM THE SCHOOL'S ENDOWMENT FUNDS ARE UTILIZED TO SATISFY DONOR RESTRICTIONS ON THE USE OF THE EARNINGS, IF ANY, AND TO SUPPORT THE SCHOOL'S OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 36,350. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,669,936. CHANGE IN VALUE OF INTEREST RATE SWAP 70,858. PROVISION FOR UNCOLLECTIBLE PLEDGES 11,250. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 36,350. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,669,936. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 STATEMENT OF NON-DISCRIMINATORY POLICY IS PUBLISHED IN LOCAL AND REGIONAL NEWSPAPERS AS WELL AS ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 ON APRIL 10, 2020, THE SCHOOL RECEIVED A PAYCHECK PROTECTION PROGRAM LOAN OF $1,589,500 GRANTED BY THE SMALL BUSINESS ADMINISTRATION UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT. THE SCHOOL DOES NOT OTHERWISE RECEIVE GOVERNMENT FINANCIAL ASSISTANCE. 1 FINANCIAL AID 102 2669936 FMV FINANCIAL AID PART I, LINE 2 FINANCIAL AID IS GRANTED TO FAMILIES ON A NEED BASIS. APPLICATION FORMS MUST BE FILED WITH THE SCHOOL SCHOLARSHIP SERVICE OF PRINCETON, NEW JERSEY. X X X 1 0 X X X X 0 0 0 0 0 0 0 1 0 FREDERICK W WILLIAMS HEADMASTER 234944 0 17850 0 8477 0 12078 0 89756 0 363105 0 0 0 TONYA RAYMENT CHIEF FINANCIAL OFFICER 132104 0 433 0 7544 0 6803 0 17262 0 164146 0 0 0 LISA HART DIR. OF ACADEMICS 121895 0 433 0 451 0 6095 0 31300 0 160174 0 0 0 GLEN AMES ASST. HEADMASTER/DIR.MIDDLE SCHOOL 105560 0 433 0 304 0 5278 0 55300 0 166875 0 0 0 PART I, LINE 1A THE HEAD AND HEAD'S FAMILY MUST RESIDE IN THE HEADMASTER'S RESIDENCE IN ORDER FOR THE HEAD TO EFFECTIVELY PERFORM PRESCRIBED DUTIES, INCLUDING, BUT LOCKED BUILDINGS AND OTHER CAMPUS VENUES WHEN NECESSARY, PROVIDING CAMPUS COVENIENT ADMINISTRATIVE PRESENCE AT SCHOOL EVENTS. THE HEAD'S OCCUPATION THE CONVENIENCE OF THE SCHOOL. AS A REPRESENTATIVE OF THE SCHOOL, THE HEAD NOT LIMITED TO, PROVIDING STUDENTS AND TEACHERS OFF HOURS WITH ACCESS TO OVERSIGHT DURING EVENINGS AND WEEKENDS AND VACATIONS, AND PROVIDING OF THIS RESIDENCE IS A CONDITION OF HIS EMPLOYMENT BY THE SCHOOL AND IS FOR USES SAID HOUSE FOR MEETINGS OF DONORS, STUDENTS, TEACHERS, STAFF MEMBERS, ALUMNI, VISITING TEACHERS, SCHOLARS, TRUSTEES, AND SPEAKERS, AND FOR SUCH OTHER SCHOOL FUNCTIONS AND AFFAIRS AS SHALL BE APPROPRIATE FOR THE BEST INTEREST AND DEVELOPMENT OF THE SCHOOL. PART I, LINE 7 THE HEADMASTER IS ELIGIBLE FOR A DISCRETIONNARY BONUS BASED ON CERTAIN PERFORMANCE MEASURES AS DEFINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2012-01-05 7500000 REFUNDING OF SERIES A BONDS ISSUED NOV 2000 AND FOR BUILDINGS AND STRUCTURE 0 0 0 A 1412880 7500000 150000 7350000 1 0 1 1 A 0 0 0 0 1 1 RBS CITIZENS NA 10.000000000000 0 0 0 0 1 A 0 MARCIA WILLIAMS SPOUSE OF THE SCHOOL'S HEADMASTER 86346 COMPENSATION FOR EMPLOYMENT AS ASSOCIATE DIRECTOR OF DEVELOPMENT. 0 X SITE SURVEY AND DESIGN 1 26084 FMV 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE PRIOR TO BEING PRESENTED TO THE FULL BOARD FOR ITS REVIEW AND APPROVAL. THE APPROPRIATE OFFICER OF THE SCHOOL IS INFORMED OF THE APPROVAL AND THE FORM IS FILED ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C THE IDENTIFICATION AND SUCCESSFUL RESOLUTION OF CONFLICTS AND POTENTIAL CONFLICTS DEPENDS ON COMPLETE AND TIMELY DISCLOSURE. DISCLOSURE WILL OCCUR THROUGH AN ANNUAL WRITTEN STATEMENT AND THE NOTIFICATION TO THE BOARD CHAIR OF OTHER ACTUAL OR POTENTIAL CONFLICTS, AS THEY ARISE. ALL FINANCIAL AND MATERIAL FACTS RELATING TO POTENTIAL CONFLICT OF INTERESTS SHALL BE DISCLOSED. ANNUALLY, EACH BOARD AND COMMITTEE MEMBER SHALL SIGN AND FILE A DISCLOSURE STATEMENT THAT SHALL BE KEPT WITH THE RECORDS OF THE BOARD. PRIOR TO APPOINTMENT, ALL FUTURE BOARD AND COMMITTEE MEMBERS SHALL DO LIKEWISE. SIGNING OF A DISCLOSURE STATEMENT ACKNOWLEDGES THAT A PERSON HAS RECEIVED, READ AND UNDERSTANDS, AND COMPLIES WITH THE POLICY AS IT RELATES TO MEMBERSHIP ON AND ACTIONS OF THE BOARD AND COMMITTEES. DISCLOSURE STATEMENTS SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE WHICH SHALL RECOMMEND ACTION BY THE BOARD, IF NECESSARY. WHENEVER A POTENTIAL CONFLICT ARISES THAT HAS NOT BEEN IDENTIFIED ON A DISCLOSURE FORM, IT SHALL BE DISCLOSED TO THE CHAIR OF TO THE EXECUTIVE COMMITTEE IN A TIMELY FASHION, AND MADE A PART OF THE RECORD OF THE BOARD. WHENEVER NECESSARY, THE BOARD SHALL TAKE APPROPRIATE ACTION WITH RESPECT TO PERSONS WHO ARE IN VIOLATION OF THIS POLICY. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER OF THE BOARD OR A COMMITTEE HAS FAILED TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS, EITHER IN WRITING OR, AT A LATER DATE, TO THE CHAIR, IT SHALL INFORM THE PERSON OF ITS BELIEF AND AFFORD THE PERSON AN OPPORTUNITY TO PROVIDE AN EXPLANATION. IF, AFTER HEARING THE EXPLANATION OF THE PERSON AND MAKING FURTHER INVESTIGATION DEEMED NECESSARY UNDER THE CIRCUMSTANCES, IT IS DECIDED THAT THE PERSON FAILED TO DISCLOSE IN A PROPER FASHION THE ACTUAL OR POTENTIAL CONFLICT, THE BOARD SHALL TAKE APPROPRIATE CORRECTIVE OR DISCIPLINARY ACTION. THE BOARD, THROUGH ITS EXECUTIVE COMMITTEE, SHALL UNDERTAKE PERIODIC REVIEWS TO DETERMINE COMPLIANCE WITH THIS POLICY. IT SHALL REPORT ITS FINDINGS TO THE FULL BOARD AND INCLUDE RECOMMENDATIONS FOR REVISION, WHERE NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL'S EXECUTIVE COMMITTEE REVIEWS THE SALARY AND BENEFITS OF THE HEADMASTER IN COMPARISON TO THE SALARIES OF THE HEADS OF SCHOOLS OF SIMILAR SIZE. THE HEADMASTER'S CONTRACT IS PRESENTED TO THE BOARD FOR OVERALL APPROVAL. THE HEADMASTER AND THE EXECUTIVE COMMITTEE REVIEW THE SALARY OF THE DIRECTOR OF FINANCE IN COMPARISON TO THE SALARIES OF INDIVIDUALS IN SIMILAR POSITIONS AT PEER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PROVISION FOR UNCOLLECTIBLE PLEDGES -11,250. CHANGE IN VALUE OF SWAP AGREEMENT -70,858. FORM 990 PART XII LINE 2C: THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.