TILTON SCHOOL: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- TILTON SCHOOL (EIN 02-0222239)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-06-08
- IRS object ID
- 202031609349300963
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-06-08T11:35:28-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 020327524 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATHAN WECHSLER & COMPANY PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 COMMERCIAL STREET 4TH FLOOR | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 020222239 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TILTON SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TILT | BusinessNameControlTxt |
| Phone | 6032864342 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 SCHOOL STREET | AddressLine1Txt |
| City | TILTON | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03276 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PETER SALIBA | PersonNm |
| Person Title | HEAD OF SCHOOL | PersonTitleTxt |
| Phone | 6032864342 | PhoneNum |
| Signature | 2020-04-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KELLI D'AMORE | PreparerPersonNm |
| PTIN | P01402985 | PTIN |
| Phone | 6032245357 | PhoneNum |
| Preparation | 2020-04-29 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 74.220.235.65 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-04-29 | IPDt |
| IP Tm | 17:46:54 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 73FDDD8B789F469B4970B84E6D7B266D755F8C2C | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 7C3A9D47381CD6E41CE6D8ADEE397C132DEDFB20 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PETER SALIBA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 SCHOOL STREET | AddressLine1Txt |
| City | TILTON | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03276 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $21,627,288 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.TILTONSCHOOL.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1845 | FormationYr |
| Legal Domicile State | NH | LegalDomicileStateCd |
| Activity Or Mission | AN INDEPENDENT, COEDUCATIONAL, PREPARATORY SCHOOL SERVING STUDENTS GRADES 9-12 AND POST-GRADUATES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 27 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 27 | VotingMembersIndependentCnt |
| Total Employee | 153 | TotalEmployeeCnt |
| Total Volunteers | 81 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,397,543 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,010,121 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $14,688,040 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $15,016,182 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$104,617 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,289,366 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $15,980,966 | PYTotalRevenueAmt |
| CY Total Revenue | $18,315,669 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,713,526 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $5,323,287 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,839,506 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,454,162 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,085,566 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,653,041 | PYOtherExpensesAmt |
| CY Other Expenses | $6,876,897 | CYOtherExpensesAmt |
| PY Total Expenses | $18,206,073 | PYTotalExpensesAmt |
| CY Total Expenses | $18,654,346 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,225,107 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$338,677 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $41,320,351 | TotalAssetsBOYAmt |
| Total Assets EOY | $41,726,951 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $21,780,856 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $23,386,706 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $19,539,495 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $18,340,245 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TILTON SCHOOL CHALLENGES STUDENTS TO NAVIGATE A WORLD MARKED BY DIVERSITY AND CHANGE. TILTON'S COMMUNITY CULTIVATES THE CURIOSITY, SKILLS, KNOWLEDGE, UNDERSTANDING, CHARACTER AND INTEGRITY REQUISITE FOR THE PASSIONATE PURSUIT OF LIFELONG SUCCESS AND SERVICE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $16,219,876 | ExpenseAmt |
| Grant | $5,323,287 | GrantAmt |
| Revenue | $15,016,182 | RevenueAmt |
| Desc | TILTON SCHOOL IS AN INDEPENDENT, COEDUCATIONAL, COLLEGE PREPARATORY SCHOOL SERVING STUDENTS FROM 9TH THROUGH 12TH GRADE AND POST-GRADUATES. TILTON'S STUDENT BODY OF 255 CONSISTS OF 58 DAY STUDENTS AND 197 BOARDING STUDENTS FROM 19 STATES AND 14 COUNTRIES. ALTHOUGH THE TILTON EXPERIENCE IS DIFFERENT FOR EVERY STUDENT, IT INSPIRES AND ENCOURAGES ALL STUDENTS TO TRY NEW THINGS, LEARN NEW SKILLS, AND SET NEW GOALS.STUDENTS AT TILTON ARE CHALLENGED TO EMBRACE AND NAVIGATE A WORLD MARKED BY DIVERSITY AND CHANGE. THROUGH THE QUALITY OF HUMAN RELATIONSHIPS, THE TILTON COMMUNITY CULTIVATES IN ITS STUDENTS THE CURIOSITY, SKILLS, KNOWLEDGE, UNDERSTANDING, CHARACTER AND INTEGRITY REQUISITE FOR THE PURSUIT OF LIFELONG PERSONAL SUCCESS AND SERVICE. | Desc |
| Total Program Service Expenses | $16,219,876 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 44 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 153 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 27 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 27 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELIZABETH SHEEHAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6032861722 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TILTON SCHOOL 30 SCHOOL STREET | AddressLine1Txt |
| City | TILTON | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03276 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (32 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JIANWEN DOU | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| NICHOLAS CHRISSIS | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| J TERRILL JUDD | |||||||
| FIRST VICE CHAIR | 10.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JOHN MORTON | |||||||
| SECOND VICE CHAIR | 10.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PETER SALIBA | |||||||
| HEAD OF SCHOOL | 40.00 | Yes (X) | $248,801 | $0 | $157,608 | Yes (X) | |
| MARK MCAULIFFE | |||||||
| TREASURER | 10.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JAMIE ROME | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ELLEN H FINN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SHARON SPANOS | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ATTY MARK S RUDD | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDREA TECCE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DENNIS GAUDET | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MELANIE MARKEN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR WALTER F CAMMACK | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTOPHER HAMBLET | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID MCELHINNY | |||||||
| CHAIR | 20.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JASON SCHLOSSBERG | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN SHAUGHNESSY | |||||||
| SECRETARY | 10.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| HAROLD BAILEY JR | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MATTHEW MASIELLO | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KRISTEN VASLET KUPPERMAN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT PATTEN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TYSON CONRAD | |||||||
| FACULTY REPRESENTATIVE | 40.00 | Yes (X) | $49,808 | $0 | $30,485 | ||
| LARRY BARTELL | |||||||
| TRSUTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BERNICE BRADIN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD GRELLIER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DUANE LOWENSTEIN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SIGNE KURIAN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ELIZABETH WORCESTER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ELIZABETH SHEEHAN | |||||||
| DIRECTOR OF FINANCE AND OP | 40.00 | $138,557 | $0 | $26,880 | Yes (X) | ||
| KATHERINE SAUNDERS | |||||||
| DIRECTOR OF ADMISSIONS | 40.00 | $119,870 | $0 | $66,399 | Yes (X) | ||
| CHRISTINE LOUIS | |||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | $122,780 | $0 | $55,777 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $679,816 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $337,149 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $2,010,121 | AllOtherContributionsAmt |
| Noncash Contributions | $313,897 | NoncashContributionsAmt |
| Total Contributions | $2,010,121 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 900099 | $14,177,349 | $14,177,349 |
| ANCILLARY PROGRAM SERVICES | 900099 | $577,095 | $577,095 |
| INTERNATIONAL EDUCATION CONSULTIN | 541900 | $184,841 | $184,841 |
| SUMMER PROGRAMS | 900099 | $76,897 | $76,897 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $15,016,182 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $468,596 | TotalRevenueColumnAmt |
| Exclusion | $468,596 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,132,389 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,311,419 | SecuritiesAmt |
| Other | $200 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $820,970 | SecuritiesAmt |
| Other | -$200 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $820,770 | TotalRevenueColumnAmt |
| Exclusion | $820,770 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,315,669 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,016,182 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,289,366 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,323,287 | TotalAmt |
| Program Services | $5,323,287 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $502,628 | TotalAmt |
| Program Services | $185,877 | ProgramServicesAmt |
| Management And General | $147,817 | ManagementAndGeneralAmt |
| Fundraising | $168,934 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,627,241 | TotalAmt |
| Program Services | $3,974,677 | ProgramServicesAmt |
| Management And General | $221,322 | ManagementAndGeneralAmt |
| Fundraising | $431,242 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $263,254 | TotalAmt |
| Program Services | $213,277 | ProgramServicesAmt |
| Management And General | $19,021 | ManagementAndGeneralAmt |
| Fundraising | $30,956 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $724,782 | TotalAmt |
| Program Services | $577,595 | ProgramServicesAmt |
| Management And General | $67,033 | ManagementAndGeneralAmt |
| Fundraising | $80,154 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $336,257 | TotalAmt |
| Program Services | $274,027 | ProgramServicesAmt |
| Management And General | $23,685 | ManagementAndGeneralAmt |
| Fundraising | $38,545 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,592 | TotalAmt |
| Management And General | $67,592 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,787 | TotalAmt |
| Management And General | $59,787 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,946 | TotalAmt |
| Management And General | $23,946 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,864,626 | TotalAmt |
| Program Services | $1,555,939 | ProgramServicesAmt |
| Management And General | $178,730 | ManagementAndGeneralAmt |
| Fundraising | $129,957 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,484 | TotalAmt |
| Program Services | $113,984 | ProgramServicesAmt |
| Management And General | $1,500 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,065 | TotalAmt |
| Management And General | $178,065 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,647 | TotalAmt |
| Management And General | $133,647 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $866,399 | TotalAmt |
| Program Services | $790,997 | ProgramServicesAmt |
| Management And General | $57,371 | ManagementAndGeneralAmt |
| Fundraising | $18,031 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,271 | TotalAmt |
| Program Services | $59,747 | ProgramServicesAmt |
| Fundraising | $43,524 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $658,079 | TotalAmt |
| Program Services | $600,807 | ProgramServicesAmt |
| Management And General | $43,576 | ManagementAndGeneralAmt |
| Fundraising | $13,696 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,406,264 | TotalAmt |
| Program Services | $1,285,719 | ProgramServicesAmt |
| Management And General | $91,719 | ManagementAndGeneralAmt |
| Fundraising | $28,826 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,230 | TotalAmt |
| Program Services | $90,594 | ProgramServicesAmt |
| Management And General | $6,571 | ManagementAndGeneralAmt |
| Fundraising | $2,065 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROGRAM SUPPLIES | $401,591 | $401,591 | ||
| TUITION REMISSION | $349,250 | $349,250 | ||
| PROVISION FOR UNCOLLECT | $156,321 | $118,922 | $24,374 | $13,025 |
| ATHLETICS | $130,456 | $130,456 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $262,889 | TotalAmt |
| Program Services | $173,130 | ProgramServicesAmt |
| Management And General | $3,148 | ManagementAndGeneralAmt |
| Fundraising | $86,611 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,654,346 | TotalAmt |
| Program Services | $16,219,876 | ProgramServicesAmt |
| Management And General | $1,348,904 | ManagementAndGeneralAmt |
| Fundraising | $1,085,566 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,746,558 | BOYAmt |
| EOY | $2,470,659 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $899,012 | BOYAmt |
| EOY | $816,400 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,688 | BOYAmt |
| EOY | $424,504 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,920 | BOYAmt |
| EOY | $24,247 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,268 | BOYAmt |
| EOY | $50,729 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,927 | BOYAmt |
| EOY | $55,982 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $345,006 | BOYAmt |
| EOY | $479,681 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $39,775,719 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $17,994,979 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,003,750 | BOYAmt |
| EOY | $21,780,740 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,220,688 | BOYAmt |
| EOY | $14,940,911 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $537,793 | BOYAmt |
| EOY | $432,469 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $306,741 | BOYAmt |
| EOY | $250,629 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,320,351 | BOYAmt |
| EOY | $41,726,951 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,025,122 | BOYAmt |
| EOY | $1,068,883 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,707,354 | BOYAmt |
| EOY | $4,757,717 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,444,070 | BOYAmt |
| EOY | $13,913,926 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,485 | BOYAmt |
| EOY | $59,841 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,515,825 | BOYAmt |
| EOY | $3,586,339 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,780,856 | BOYAmt |
| EOY | $23,386,706 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,999,212 | BOYAmt |
| EOY | $8,595,503 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,715,074 | BOYAmt |
| EOY | $4,896,421 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,825,209 | BOYAmt |
| EOY | $4,848,321 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,539,495 | BOYAmt |
| EOY | $18,340,245 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,320,351 | BOYAmt |
| EOY | $41,726,951 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$338,677 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $330,424 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,190,997 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,584,076 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,410,162 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,089,604 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,397,543 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,010,121 | CurrentTaxYearAmt |
| Total | $8,491,506 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,584,076 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,410,162 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,089,604 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,397,543 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,010,121 | CurrentTaxYearAmt |
| Total | $8,491,506 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $702,596 | SubstantialContributorsTotAmt |
| Public Support Total170 | $7,788,910 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $229,466 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $289,951 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $431,220 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,067,949 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $468,596 | CurrentTaxYearAmt |
| Total | $2,487,182 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $10,978,688 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $70,335,463 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.70950 | PublicSupportCY170Pct |
| Public Support PY170 | 0.67650 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,671,797 | BeginningYearBalanceAmt |
| Contributions | $153,588 | ContributionsAmt |
| Investment Earnings Or Losses | $1,594,686 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $341,670 | GrantsOrScholarshipsAmt |
| Other Expenditures | $846,915 | OtherExpendituresAmt |
| Administrative Expenses | $23,946 | AdministrativeExpensesAmt |
| End Year Balance | $17,207,540 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,547,862 | BeginningYearBalanceAmt |
| Contributions | $295,480 | ContributionsAmt |
| Investment Earnings Or Losses | $1,026,022 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $338,556 | GrantsOrScholarshipsAmt |
| Other Expenditures | $834,011 | OtherExpendituresAmt |
| Administrative Expenses | $25,000 | AdministrativeExpensesAmt |
| End Year Balance | $16,671,797 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,660,481 | BeginningYearBalanceAmt |
| Contributions | $340,076 | ContributionsAmt |
| Investment Earnings Or Losses | $1,747,775 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $325,295 | GrantsOrScholarshipsAmt |
| Other Expenditures | $852,942 | OtherExpendituresAmt |
| Administrative Expenses | $22,233 | AdministrativeExpensesAmt |
| End Year Balance | $16,547,862 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,049,577 | BeginningYearBalanceAmt |
| Contributions | $175,979 | ContributionsAmt |
| Investment Earnings Or Losses | $341,794 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $233,580 | GrantsOrScholarshipsAmt |
| Other Expenditures | $597,310 | OtherExpendituresAmt |
| Administrative Expenses | $75,979 | AdministrativeExpensesAmt |
| End Year Balance | $15,660,481 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,277,752 | BeginningYearBalanceAmt |
| Contributions | $120,578 | ContributionsAmt |
| Investment Earnings Or Losses | $590,966 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $224,500 | GrantsOrScholarshipsAmt |
| Other Expenditures | $568,463 | OtherExpendituresAmt |
| Administrative Expenses | $146,756 | AdministrativeExpensesAmt |
| End Year Balance | $16,049,577 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.48710 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.27150 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.24140 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,972,840 | OtherCostOrOtherBasisAmt |
| Book Value | $7,972,840 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $25,929,855 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,427,807 | DepreciationAmt |
| Book Value | $12,502,048 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,306,721 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,567,172 | DepreciationAmt |
| Book Value | $739,549 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $566,303 | OtherCostOrOtherBasisAmt |
| Book Value | $566,303 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $21,780,740 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PRESENT VALUE OBLIGATION OF CHARITABLE GIFT ANNUITIES | $197,956 |
| INTEREST RATE SWAP CONTRACT | $3,388,383 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,586,339 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $12,117,863 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $330,424 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $10,000 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$1,190,997 | OtherRevenueAmt |
| Revenue Not Reported | -$850,573 | RevenueNotReportedAmt |
| Revenue Subtotal | $12,968,436 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $23,946 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $5,323,287 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $5,347,233 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $18,315,669 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $13,317,113 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $10,000 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $10,000 | ExpensesNotReportedAmt |
| Expenses Subtotal | $13,307,113 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $23,946 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $5,323,287 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $5,347,233 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $18,654,346 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | FOR GENERATIONS, TILTON SCHOOL HAS MAINTAINED A STABLE ENDOWMENT THROUGH THE GENEROSITY OF GRATEFUL ALUMNI AND ALUMNAE, FRIENDS AND BENEFACTORS THAT HAVE BELIEVED IN THE MISSION OF THE SCHOOL TO ADVANCE THE PASSIONATE PURSUIT OF LIFELONG LEARNING. THE ENDOWMENT HELPS SUSTAIN THE SCHOOL ANNUALLY WITH A DRAW BASED ON A SPENDING POLICY IN LINE WITH UPMIFA TO LEND SUPPORT TO THE OPERATING BUDGET. IN ORDER FOR THE ENDOWMENT FUNDS TO BE AVAILABLE FOR PERPETUITY, THE FUNDS ARE INVESTED WITH APPROPRIATE ASSET ALLOCATIONS THAT ARE REVIEWED THROUGHOUT THE YEAR BASED ON CLEAR GUIDELINES AND OBJECTIVES FOR PRESERVATION OF CAPITAL AND GROWTH FOR LONG TERM VIABILITY, BALANCING ITS POSITIVE IMPACT ON TILTON SCHOOL STUDENTS TODAY AND IN THE FUTURE. WITH CAREFUL STEWARDSHIP, THE ENDOWMENT FUNDS ARE SPENT IN ACCORDANCE WITH DONOR INTENTS AND HAVE ENABLED THE SCHOOL WITH ASSISTANCE FOR A BROAD ARRAY OF ACTIVITIES SUCH AS FINANCIAL AID, MERIT SCHOLARSHIPS, ENRICHMENT PROGRAMS FOR FACULTY, CONTINUED EDUCATION FOR FACULTY, THEATRE, ARTS, ATHLETICS AND ENHANCEMENTS TO BUILDINGS EACH YEAR. |
| PART X, LINE 2: | THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAXES BY VIRTUE OF ITS ONGOING EXEMPTION FROM FEDERAL INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ACCORDINGLY, MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2016. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -3,957. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -114,125. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -1,072,915. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID TO STUDENTS (TUITION IS SHOWN NET ON FINANCIAL REPORT) 5,323,287. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID (NET WITH TUITION ON FINANCIAL REPORT) 5,323,287. |
| PART VI, LINE 1B: | THE COSTS BASIS AND ACCUMULATED DEPRECIATION FOR BUILDINGS INCLUDES BOTH BUILDINGS AND BUILDING IMPROVEMENTS. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL'S NON-DISCRIMINATION POLICY IS CLEARLY STATED IN ITS PROMOTIONAL CATALOG AND IS AVAILABLE ON THE WEBSITE. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | 159 STUDENTS WERE AWARDED FINANCIAL AID AND SCHOLARSHIPS FOR THE YEAR. | GrantTypeTxt |
| Recipient | 159 | RecipientCnt |
| Cash Grant | $5,323,287 | CashGrantAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | TUITION REDUCTION | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | SCHOLARSHIPS AND FINANCIAL AID PROVIDE ASSISTANCE TO STUDENTS WHO COULD NOT OTHERWISE AFFORD TO ATTEND THE SCHOOL. FINANCIAL AID IS BASED ON FINANCIAL NEED. SCHOLARSHIPS AND FINANCIAL AID ARE OFFERED AS A TUITION REDUCTION ONLY AND ARE NON-REFUNDABLE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PETER SALIBA | ||||||||||||||
| HEAD OF SCHOOL | $248,801 | $0 | $0 | $0 | $0 | $0 | $22,873 | $0 | $134,735 | $0 | $406,409 | $0 | $0 | $0 |
| ELIZABETH SHEEHAN | ||||||||||||||
| DIRECTOR OF FINANCE AND OP | $138,557 | $0 | $0 | $0 | $0 | $0 | $11,704 | $0 | $15,176 | $0 | $165,437 | $0 | $0 | $0 |
| KATHERINE SAUNDERS | ||||||||||||||
| DIRECTOR OF ADMISSIONS | $119,870 | $0 | $0 | $0 | $0 | $0 | $5,988 | $0 | $60,411 | $0 | $186,269 | $0 | $0 | $0 |
| CHRISTINE LOUIS | ||||||||||||||
| DIRECTOR OF DEVELOPMENT | $122,780 | $0 | $0 | $0 | $0 | $0 | $6,505 | $0 | $49,272 | $0 | $178,557 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | THE HEAD OF SCHOOL AS CHIEF EXECUTIVE OFFICER IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT FOR A BOARDING SCHOOL. THE SCHOOL PROVIDES A HOME FOR THE HEAD OF SCHOOL AND HIS FAMILY AS PART OF HIS SALARY ARRANGEMENT. THE VALUATION OF THE HOUSING BENEFIT IS DETERMINED THROUGH DATA COMPARISON WITH SIMILAR SCHOOLS IN THE INDEPENDENT SCHOOLS ASSOCIATION OF NORTHERN NEW ENGLAND OF WHICH TILTON SCHOOL IS A MEMBER. THE SCHOOL DOES PROVIDE PERSONAL MAID SERVICE FOR THE HOME OF THE HEAD OF SCHOOL. AS THE HOME IS OFTEN USED FOR MEETINGS AND FUNDRAISING ACTIVITIES, CLEANING SERVICES ARE PROVIDED THROUGH THE SCHOOL'S HOUSEKEEPING DIVISION. THE VALUATION OF THIS SERVICE HAS BEEN COMPUTED BY DETERMINING THE NUMBER OF PERSONNEL ASSIGNED TO THIS TASK AND THE HOURS PER WEEK. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY - SERIES 2017A | ||||||||
| A | 020279866 | 644614NX3 | 2017-12-01 | $13,676,000 | TO REFINANCE 2006 BOND ISSUE AND FOR CAPITAL EXPENSES RELATED TO BUILDINGS | 0 | 0 | 0 |
| NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY - SERIES 2017B | ||||||||
| B | 020279866 | 644614NX3 | 2017-12-01 | $2,000,000 | FOR CAPITAL EXPENSES | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|
| A | $307,848 | $13,676,000 | $262,235 | $13,413,765 | 2018 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $794,970 | $794,970 | 2018 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | Yes (1) | 0 | 0 |
| B | 0 | 0 | 0 | 0 | Yes (1) | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Business Name Line2HedgeProviderName/BusinessNameLine2Txt | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Term Of GICTermOfGICPct | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BOSTON PRIVATE | |||||||||||||||
| A | 0 | Yes (1) | 0 | 0 | Yes (1) | Yes (1) | TRUST | 30.000000000000 | 0 | 0 | Yes (1) | 4.620000000000 | Yes (1) | 0 | 0 |
| BOSTON PRIVATE | |||||||||||||||
| B | 0 | Yes (1) | 0 | 0 | Yes (1) | Yes (1) | TRUST | 30.000000000000 | 0 | 0 | Yes (1) | 3.150000000000 | Yes (1) | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K SUPPLENTAL INFORMATION | FormAndLineReferenceDesc |
| Explanation | PROCEEDS OF ISSUE ON THE SERIES 2017B BOND DIFFERS FROM THE TOTAL ISSUE PRICE AS THE REMAINING PROCEEDS WILL BE DRAWN AT A LATER DATE FOR CAPITAL EXPENDITURES IN ACCORDANCE WITH THE BOND DISBURSEMENT AGREEMENT. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RACHEL SALIBA | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | OFFICER FAMILY MEMBER | RelationshipDescriptionTxt |
| Transaction | $38,205 | TransactionAmt |
| Transaction | EMPLOYEE | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 8 | ContributionCnt |
| Noncash Contributions Rpt F990 | $287,643 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | OTHER | 15 | $18,512 | FMV |
| Yes (X) | EVENT PRIZES | 15 | $5,405 | FMV |
| Yes (X) | ATHLETIC EQUIPMENT | 2 | $2,337 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | POLICY: TILTON SCHOOL RECOGNIZES THAT THE GOVERNANCE ROLE OF ITS BOARD OF TRUSTEES INCLUDES THE ANNUAL REVIEW OF FORM 990(RETURN OF ORGANIZATIONS EXEMPT FROM TAXATION). ACCORDINGLY, TILTON SCHOOL REQUIRES REVIEW OF THE FORM 990 BY THE BOARD OF TRUSTEES PRIOR TO ITS FILING ON AN ANNUAL BASIS. SCHEDULE B IS RECEIVED BY THE AUDIT COMMITTEE ONLY. THIS COMMITTEE RECOMMENDS APPROVAL TO THE FULL BOARD. PROCEDURES: 1. SENIOR MANAGEMENT OF TILTON SCHOOL IS RESPONSIBLE FOR THE TIMELY PREPARATION OF FORM 990. 2. THE COMPLETED FORM 990 WILL BE PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE A DETAILED AND CONSCIENTIOUS REVIEW BY ALL MEMBERS OF THE COMMITTEE. ALL QUESTIONS, CONCERNS, ETC. OF THE AUDIT COMMITTEE WILL BE ADDRESSED BY THE DIRECTOR OF FINANCE & OPERATIONS AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. 3. ALL MEMBERS OF THE BOARD OF TRUSTEES WILL BE INVITED TO REVIEW THE COMPLETED FORM 990 IN ADVANCE OF FILING DEADLINE VIA THE TRUSTEE PORTAL OF THE SCHOOL'S WEBSITE AT WWW.TILTONSCHOOL.ORG. SHOULD A TRUSTEE NOT HAVE WEBSITE ACCESS, THEY MAY REQUEST AN ELECTRONIC COPY VIA EMAIL OR HARD COPY VIA US MAIL TO REVIEW. ALL QUESTIONS, CONCERNS, ETC. OF THE MEMBERS OF THE BOARD OF TRUSTEES WILL BE ADDRESSED BY THE DIRECTOR OF FINANCE & OPERATIONS AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. 4. AFTER ALL OF THE INPUT FROM THE BOARD OF TRUSTEES AND THE AUDIT COMMITTEE HAS BEEN APPROPRIATELY ADDRESSED, SENIOR MANAGEMENT OF TILTON SCHOOL WILL FILE THE FINAL FORM 990 AS REQUIRED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF TRUSTEES REVIEW AND EXECUTE A CONFLICT OF INTEREST POLICY ANNUALLY. THE BOARD CHAIR IS CHARGED WITH ENSURING COMPLIANCE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE POLICY ON THE PROCESS OF DETERMINING COMPENSATION OF TILTON SCHOOL APPLIES TO THE COMPENSATION OF THE FOLLOWING PERSONS EMPLOYED BY TILTON SCHOOL: 1. TILTON SCHOOL EMPLOYED EXECUTIVE BY TITLE: HEAD OF SCHOOL 2. OTHER OFFICERS OR KEY EMPLOYEES OF TILTON SCHOOL BY TITLE: (N/A) THE PROCESS OF DETERMINING COMPENSATION INCLUDES THE FOLLOWING ELEMENTS: (1) REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES AS RECOMMENDED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES; (2) USE OF INDUSTRY DATA AS TO COMPARABLE COMPENSATION; (3) REVIEW AND APPROVAL BY AN INDEPENDENT COMPENSATION SPECIALIST; (4) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. 1. REVIEW AND APPROVAL: THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AS RECOMMENDED AND PRESENTED BY THE COMPENSATION COMMITTEE. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT IS NOT INVOLVED IN THIS REVIEW AND APPROVAL. 2. USE OF INDUSTRY DATA AS TO COMPARABLE COMPENSATION: ANNUALLY THE COMPENSATION COMMITTEE REQUESTS INDUSTRY DATA ON COMPARABLE SALARY THAT IS PROVIDED BY THE DIRECTOR OF FINANCE AND OPERATIONS. THE SCHOOL PARTICIPATES IN SALARY SURVEYS OF ITS NATIONAL AND LOCAL INDEPENDENT SCHOOL ASSOCIATIONS ANNUALLY IN ORDER TO OBTAIN COMPARABLE DATA AND REMAIN CURRENT IN THE INDUSTRY TRENDS. 3. REVIEW AND APPROVAL BY AN INDEPENDENT COMPENSATION SPECIALIST: THE BOARD OF TRUSTEES FROM TIME-TO-TIME MAY HIRE AN INDEPENDENT COMPENSATION SPECIALIST TO REVIEW AND APPROVE THE COMPENSATION PACKAGE OF THE CHIEF EMPLOYED EXECUTIVE (HEAD OF SCHOOL) AND OTHER KEY EMPLOYEES WHEN APPROPRIATE AND NOT REQUIRED ANNUALLY. THIS REVIEW HELPS TO ENSURE THAT APPROPRIATE COMPARABLE DATA IS USED AND THE WRITTEN SALARY ARRANGEMENT IS PROPERLY MANAGED BY THE SCHOOL. 4. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING: THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING BY THE BOARD OF TRUSTEES WITH RESPECT TO MEETINGS, CONVERSATIONS, DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. THE COMPENSATION ARRANGEMENT DOES RESULT IN A WRITTEN, FORMAL CONTRACT SIGNED BY THE CHAIR OF THE BOARD OF TRUSTEES AND THE CHIEF EXECUTIVE OFFICER. |
| FORM 990, PART VI, SECTION C, LINE 19 | TILTON SCHOOL'S 990 IS AVAILABLE ON-LINE AT WWW.GUIDESTAR.ORG. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS AND THE FORM 990 ARE AVAILABLE FOR INSPECTION AT THE SCHOOL. |
| FORM 990, PART IX, LINE 11G | FOOD SERVICES: PROGRAM SERVICE EXPENSES 1,006,853. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,006,853. CAPITAL CAMPAIGN: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 117,024. TOTAL EXPENSES 117,024. ATHLETIC FIELDS: PROGRAM SERVICE EXPENSES 56,953. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 56,953. SAFETY AND SECURITY: PROGRAM SERVICE EXPENSES 103,174. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 103,174. GROUNDS: PROGRAM SERVICE EXPENSES 86,759. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 86,759. COMMENCEMENT: PROGRAM SERVICE EXPENSES 37,228. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,228. OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 264,972. MANAGEMENT AND GENERAL EXPENSES 178,730. FUNDRAISING EXPENSES 12,933. TOTAL EXPENSES 456,635. |
| FORM 990, PART IX, LINE 24E | MAINTENANCE SUPPLIES: PROGRAM SERVICE EXPENSES 88,693. MANAGEMENT AND GENERAL EXPENSES 3,148. FUNDRAISING EXPENSES 989. TOTAL EXPENSES 92,830. DEVELOPMENT SUPPLIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 85,622. TOTAL EXPENSES 85,622. ADMISSIONS SUPPLIES: PROGRAM SERVICE EXPENSES 84,437. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 84,437. |
| FORM 990, PART XI, LINE 9: | CURRENT YEAR DECREASE IN CSV OF LIFE INSURANCE -3,957. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -114,125. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -1,072,915. |
| FORM 990, PART XI, LINE 2C | THE SCHOOL'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND RECOMMENDS THE INDEPENDENT AUDITOR. THE FULL BOARD OF TRUSTEES VOTES TO ACCEPT THE AUDIT AND THE INDEPENDENT AUDITOR. THERE HAVE BEEN NO CHANGES IN THIS PROCESS FROM THE PRIOR YEAR. |
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