2020-01-27T16:21:28-06:00 2019-06-30 061271935 TRACY E FILLOW CPA 23 SOUTH MAIN ST PO BOX 799 KENT CT 06757 990 2018-07-01 060726595 MARVELWOOD SCHOOL INC MARV 8609275316 476 SKIFF MT RD PO BOX 3001 KENT CT 067573001 RICHARD BECKER CHIEF FINANCIAL OFFICER 8609275316 2020-01-27 1 TRACY E FILLOW CPA P00634557 8609274848 2020-01-16 X 71.9.149.217 2020-01-27 17:13:09 ES P 166EDB290FD66DA8F7D70AE16AA65BEB5D2D629F DF7010956892DEE04A7FB91F550A3C282B027DF8 2018 2020-11-19 02:30:22Z BLYTHE EVERETT 476 SKIFF MOUNTAIN ROAD KENT CT 06757 13944850 0 X WWW.MARVELWOOD.ORG X 1956 CT MARVELWOOD IS A BOARDING SCHOOL PROVIDING COLLEGE-PREPARATORY EDUCATION TO APPROX. 130 STUDENTS. 10 10 76 150 0 0 480878 2697477 8210970 7867281 149479 246683 175561 52505 9016888 10863946 1424112 1359200 0 0 4184972 3642776 0 0 577234 4148218 4724181 9757302 9726157 -740414 1137789 18210593 17456943 10674154 8795568 7536439 8661375 X MARVELWOOD'S MISSION IS TO PROVIDE THE PATH THAT LEADS TOPERSONAL GROWTH AND ACADEMIC SUCCESS FOR YOUNG PEOPLEWILLING TO GET INVOLVED IN THEIR OWN EDUCATION ANDCOMMITTED TO THE CHALLENGE OF PREPARING FOR COLLEGE.THE SCHOOL IS AN OPTIMISTIC PLACE THAT PROVIDES A STRUCTURED,SUPPORTIVE AND CHALLENGING ENVIRONMENT, CELEBRATES DIVERSITY,AND AWAKENS UNTAPPED POTENTIAL. 0 0 7871128 1359200 7917431 MARVELWOOD PROVIDES SECONDARY SCHOOL EDUCATION TO APPROXIMATELY 130, PRIMARILY BOARDING, STUDENTS. NONACADEMIC PROGRAMS INCLUDE WEEKLY COMMUNITY SERVICE, VISUAL AND PERFORMING ARTS ELECTIVES AND INTERSCHOLASTIC AND NONCOMPETITIVE SPORTS. THE SCHOOL PROVIDES A STRUCTURED, SUPPORTIVE AND CHALLENGING ENVIRONMENT FOR COLLEGE PREPARATORY EDUCATION. 7871128 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 51 0 76 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 0 0 X THE ORGANIZATION 8609275316 476 SKIFF MT RD PO BOX 3001 KENT CT 067573001 TIMOTHY K CARPENTER CHAIR 2.00 X X 0 0 0 MARK ESPOSITO VICE CHAIR, DEVELOPMENT CH 2.00 X X 0 0 0 FRANK MOORE TREASURER, FINANCE CHAIR 2.00 X X 0 0 0 ELLEN MCALLISTER SECRETARY 2.00 X X 0 0 0 WILLIAM W DENNETT ADMISSIONS COMMITTEE CHAIR 2.00 X 0 0 0 PETER TACY BOARD MEMBER 2.00 X 0 0 0 PATRICK G DUFFY BOARD MEMBER 2.00 X 0 0 0 ROBERT H BAYNE BOARD MEMBER 2.00 X 0 0 0 PETER B SOMMERFIELD BOARD MEMBER 2.00 X 0 0 0 RICHARD L HODDESON BOARD MEMBER 2.00 X 0 0 0 BLYTHE EVERETT INTERIM HEAD OF SCHOOL 40.00 X 91907 0 26711 RICHARD BECKER CHIEF FINANCIAL OFFICER 40.00 X 127417 0 30868 PAUL TINES ASST HEAD OF SCHOOL ADVANC 40.00 X 110828 0 28028 ART GOODEARL FORMER HEADMASTER 0.00 X 177399 0 14149 507551 0 99756 3 1 1 0 PREFERRED MAINTENANCE LLC 40 SOUTH END PLAZA NEW MILFORD CT 06776 HOUSEKEEPING 151703 1 2309 2695168 2065780 2697477 TUITION & FEES 900099 7867281 7867281 7867281 134103 134103 3157131 16159 3060710 0 96421 16159 112580 16159 96421 17658 20194 -2536 -2536 OTHER INCOME 900099 33991 33991 FACILITY RENTAL 721000 21050 21050 55041 10863946 7917431 0 249038 1359200 1359200 530419 123729 309980 96710 2458069 1947347 267077 243645 54897 40905 6922 7070 336944 248257 51476 37211 262447 198189 39435 24823 9104 9104 33000 33000 20256 20256 515764 433623 82141 39826 39826 138752 42958 67953 27841 103873 58729 33040 12104 896641 833876 44832 17933 211076 84729 83079 43268 254268 236470 12713 5085 683901 636028 34195 13678 269333 260614 6228 2491 FOOD & KITCHEN SERVICES 659589 613418 32979 13192 LOSS ON DISPOSAL 216902 216902 STUDENT ACTIVITIES 198577 198577 TEACHING MATERIALS 147140 147140 326179 190437 103559 32183 9726157 7871128 1277795 577234 4151799 2291953 187521 187521 33854 17566 8755 8755 53986 62891 18560028 7472443 10885801 11087585 2452801 3356448 436076 444224 18210593 17456943 1104088 161335 3127844 2394144 6229281 6071570 212941 168519 10674154 8795568 X 3731910 2954304 2613986 2959754 1190543 2747317 7536439 8661375 18210593 17456943 X 1137789 79987 -92840 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2824511 1550000 210446 17990 832035 3734932 2862581 211930 6825 243175 2824511 2600805 71965 261776 1857 70108 2862581 2608802 92450 -7997 2454 89996 2600805 2486334 147084 72468 2675 94409 2608802 0.04590 0.73560 0.21850 0 0 1115711 1115711 14791742 5871279 8920463 1935537 1601164 334373 717038 717038 11087585 STUDENT MISC. ACCOUNTS-CREDITS 160118 RESERVE FOR OTHER LIABILITIES 5000 SECURITY DEPOSIT 3401 168519 X 10634129 79987 -210190 -130203 10764332 99614 99614 10863946 9104054 20194 20194 9083860 20256 622041 642297 9726157 PART V, LINE 4: MARVELWOOD HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ARE INTENDED TO PROVIDE AT LEAST A 5% RETURN TO OPERATIONS OF THE SCHOOL. PORTIONS OF ENDOWMENT EARNINGS ARE RESTRICTED FOR FACULTY SALARIES, SCHOLARSHIPS, STUDENT RECREATION & SUPPORT. THE REMAINDER IS AVAILABLE FOR GENERAL OPERATIONS OF THE SCHOOL. PART X, LINE 2: THE SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITY. THE SCHOOL HAS DETERMINED THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO OR DISCLOSURES IN THE FINANCIAL STATEMENTS. TAX RETURNS FILED FOR YEARS ENDING JUNE 30, 2016 AND LATER ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE GOVERNMENT TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE REMAINDER RECEIVABLE 6,774. COST OF GOODS SOLD 20,194. LOSS ON ASSET DISPOSAL REPORTED AS LOSS ON FINANCIAL STATEMENT -216,902. INVESTMENT EXPENSES NET WITH INCOME ON FINANCIAL STATEMENT -20,256. PART XI, LINE 4B - OTHER ADJUSTMENTS: ACTUAL GAIN ON THE SALE OF INVESTED SECURITIES 99,614. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 20,194. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON ASSET DISPOSAL REPORTED AS EXPENSE ON FORM 990 216,902. WRITE OFF OF ACHITECT AND ENGINEERING CONSTRUCTION IN PROGRESS 405,139. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE FOLLOWING STATEMENT WAS PUBLISHED IN THE HARTFORD COURANT NEWSPAPER ON NOVEMBER 11, 2018: "THE SCHOOLS LISTED BELOW(INCLUDING MARVELWOOD SCHOOL) ADMIT STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. THEY DO NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF THEIR EDUCATIONAL POLICIES, ADDMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS." SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED A REIMBURSEMENT TYPE GRANT FROM THE REGION 1 REGIONAL SCHOOL SERVICES CENTER. THIS GRANT WAS USED FOR FACULTY DEVELOPMENT. THE TOTAL RECEIVED FOR THE YEAR ENDED JUNE 30, 2019 WAS $2,309. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 FUNDRAISING 2486 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 ADMISSIONS 6270 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 FUNDRAISING 16213 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 ADMISSIONS 15578 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 ADMISSIONS 2193 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 ADMISSIONS 2015 0 0 0 0 0 0 44755 0 44755 0 0 0 0 0 0 1 FINANCIAL AID TO STUDENTS ATTENDING MARVELWOOD SCHOOL 40 1359200 FAIR MARKET VALUE DOLLAR FOR DOLLAR REDUCTION OF TUITION AND FEES. PART I, LINE 2: MARVELWOOD SCHOOL AWARDS FINANCIAL AID BASED ON FINANCIAL NEED. THE SCHOOL USES AN OBJECTIVE METHODOLOGY PROVIDED BY AN INDEPENDENT SERVICE FOR CALCULATING A FAMILY'S ABILITY TO CONTRIBUTE TO EDUCATION EXPENSES. FINANCIAL AID IS AWARDED ANNUALLY FOR ONE YEAR, THEREFORE, FINANCIAL AID REQUESTS MUST BE MADE EACH YEAR. FINANCIAL AID IS A DOLLAR FOR DOLLAR REDUCTION IN TUITION; NO CASH IS DISTRIBUTED. THEREFORE, IT IS NOT NECESSARY FOR THE SCHOOL TO MONITOR THE AWARD TO ENSURE PROPER USE. X 0 0 X X X 0 0 0 0 0 0 0 0 0 RICHARD BECKER CHIEF FINANCIAL OFFICER 127417 0 0 0 0 0 4110 0 26758 0 158285 0 0 0 ART GOODEARL FORMER HEADMASTER 177399 0 0 0 0 0 5474 0 8675 0 191548 0 0 0 PART I, LINE 1A THE FORMER HEAD OF SCHOOL, CURRENT HEAD OF SCHOOL, CURRENT CHIEF FINANCIAL OFFICER AND ASST. HEAD OF SCHOOL FOR ADVANCEMENT ARE PROVIDED HOUSING ON CAMPUS FOR THE CONVENIENCE OF MARVELWOOD SCHOOOL, INC. PART I, LINE 3 THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE HEADMASTER, THE ASST HEAD OF SCHOOL FOR ADVANCEMENT AND THE CHIEF FINANCIAL OFFICER. THE BOARD OF DIRECTORS CONSIDERS THE COMPENSATION AT OTHER AREA SCHOOLS BY REFERENCE TO THEIR FORM 990S AND OTHER INFOMATION. A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 000000000 2017-12-28 6328000 REFINANCE DEBT AND BUILDING RENOVATION 0 0 0 A 252000 6328000 126560 2000976 4200464 2018 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 0 0 0 1 A 1 X 9 2060831 STOCK MARKET QUOTE X BILLIARDS 1 2650 ESTIMATE X DRONE 1 1300 ESTIMATE X SUPPLIES 1 1000 ESTIMATE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S POLICY IS TO HAVE FORM 990 REVIEWED BY THE CHIEF FINANCIAL OFFICER PRIOR TO FILING WITH THE IRS. THE CHIEF FINANCIAL OFFICER DISCUSSES THE DOCUMENT IN DETAIL WITH THE CPA PREPARER, WHO MAKES CHANGES PURSUANT TO THAT REVIEW & DISCUSSION AND FINALIZES THE FILING COPY. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION'S CONFLICT OF INTEREST POLICY STATES THAT ALL TRUSTEES MUST DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME AND THAT NO TRUSTEE SHALL PARTICIPATE IN DISCUSSIONS AND DELIBERATIONS OR VOTE ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A PERFORMANCE OF THE ORGANIZATION'S CEO/HEAD OF SCHOOL IS EVALUATED ANNUALLY BY THE BOARD PRESIDENT AND AT LEAST TWO MEMBERS OF THE EXECUTIVE COMMITTEE. BASE COMPENSATION IS PAID ACCORDING TO A FIVE YEAR CONTRACT. INCREASES IN THE BASE SALARY AMOUNT ARE CONSIDERED AND DETERMINED ANNUALLY BY THE BOARD BASED ON A PERFORMANCE REVIEW, THE SCHOOL'S FINANCES AND OTHER RELEVANT FACTORS. THE COMPENSATION OF ALL OTHER EMPLOYEES IS DETERMINED BY THE HEADMASTER AND THE BOARD THROUGH THE NORMAL BUDGETARY PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER RECEIVABLE 6,774. ACTUAL INVESTED SECURITIES SALES REPORTED ON FORM 990 -99,614.