2020-07-10T15:14:02-05:00 2019-06-30 061009205 BLUM SHAPIRO & CO PC 29 SOUTH MAIN STREET WEST HARTFORD CT 06107 990 2018-07-01 060646960 TRUSTEES OF WESTMINSTER SCHOOL INC TRUS 8604083000 995 HOPMEADOW STREET SIMSBURY CT 06070 JULIE COLLINS CHIEF FINANCIAL OFFICER 8604083000 2020-07-10 1 JOHN TOSCANO P00358542 8605614000 2020-07-10 64.251.63.131 2020-07-10 14:41:32 ED P 9F3B9057DC4C1AB93FF6CCB85D8B21EC61D194BB B49528270D5C596423F272EFB472E66EFBF6AFC8 2018 2020-09-22 18:59:49Z WILLIAM VN PHILIP 995 HOPMEADOW STREET SIMSBURY CT 06070 40146099 0 X WWW.WESTMINSTER-SCHOOL.ORG X 1935 CT PROVIDE EDUCATIONAL PROGRAMS AND RELATED ACTIVITIES TO STUDENTS IN GRADES 9 THROUGH 12. 32 31 228 364 321461 84888 6001995 11911777 22635454 23424046 3035818 1229069 725852 708729 32399119 37273621 4498555 5051990 0 0 14550470 14972932 18465 24930 3225443 15879514 16862685 34947004 36912537 -2547885 361084 223176788 220478431 64308758 63330666 158868030 157147765 PROVIDE EDUCATIONAL PROGRAMS AND RELATED ACTIVITES TO STUDENTS IN GRADES 9 THROUGH 12. 0 0 31193496 5051990 23632715 PROVISION OF EDUCATIONAL PROGRAMS AND RELATED ACTIVITIES TO STUDENTS IN GRADES 9 THROUGH 12 (APPROXIMATELY 405 STUDENTS) 31193496 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 112 0 1 228 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 X JULIE COLLINS 8604083030 995 HOPMEADOW STREET SIMSBURY CT 06070 STEPHEN W BAILEY TRUSTEE 1.00 X 0 0 0 BETH C BAKER TRUSTEE 1.00 X 0 0 0 ELLEN GERRY BREED TRUSTEE THROUGH SEPT 2018 1.00 X 0 0 0 WILLIAM D BREWER TRUSTEE 1.00 X 0 0 0 CURTIS F BROCKELMAN JR TRUSTEE 1.00 X 0 0 0 SUSANNA S BROWN TRUSTEE 1.00 X 0 0 0 RENEE L CARREL TRUSTEE 1.00 X 0 0 0 JOHN A COSENTINO JR TRUSTEE 1.00 X 0 0 0 EDWARD V DARDANI JR TRUSTEE 1.00 X 0 0 0 LORI P DURHAM TREASURER 1.00 X X 0 0 0 MADELEINE EKHOLM TRUSTEE 1.00 X 0 0 0 JACQUELINE FERRO TRUSTEE 1.00 X 0 0 0 COLIN S FLINN TRUSTEE 1.00 X 0 0 0 HEATHER FRAHM TRUSTEE 1.00 X 0 0 0 POWELL W HOLLY III TRUSTEE 1.00 X 0 0 0 ROBERT T HORSFORD TRUSTEE 1.00 X 0 0 0 DAVID H HOVEY JR TRUSTEE 1.00 X 0 0 0 MARTIN R IRANI TRUSTEE 1.00 X 0 0 0 MOYAHOENA OGILVIE JOHNSON VICE CHAIR 1.00 X X 0 0 0 JEFFREY E KELTER TRUSTEE 1.00 X 0 0 0 BERNHARD L KOHN JR TRUSTEE 1.00 X 0 0 0 HAE-YOUNG LEE TRUSTEE 1.00 X 0 0 0 JANE KESSLER LENNOX TRUSTEE 1.00 X 0 0 0 DOUGLAS F LONDAL TRUSTEE 1.00 X 0 0 0 BRYAN MARTIN TRUSTEE 1.00 X 0 0 0 THOMAS W MCCARGO TRUSTEE 1.00 X 0 0 0 ANDREW D MCCULLOUGH JR SECRETARY 1.00 X X 0 0 0 S BRADY MELL TRUSTEE THROUGH SEPT 2018 1.00 X 0 0 0 C BRADFORD RAYMOND CHAIRMAN 1.00 X X 0 0 0 SUSAN M RYAN TRUSTEE 1.00 X 0 0 0 THOMAS D SARGENT II TRUSTEE 1.00 X 0 0 0 KIRSTEN SICHLER WEBB TRUSTEE 1.00 X 0 0 0 SARA L WHITELEY TRUSTEE 1.00 X 0 0 0 BENJAMIN D WILLIAMS IV TRUSTEE 1.00 X 0 0 0 WILLIAM VN PHILIP HEADMASTER 40.00 X 363397 0 73547 NEWELL GRANT DIR OF ADVANCEMENT, ASST SECRETARY 40.00 X 145203 0 62721 JULIE COLLINS CHIEF FINANCIAL OFFICER 40.00 X 119256 0 36769 NANCY SPENCER ASSISTANT HEADMASTER 40.00 X 167803 0 65620 PETER SMITH MEDICAL DIRECTOR 40.00 X 147438 0 34411 WILLARD SISTARE DIRECTOR OF STUDIES 40.00 X 135568 0 48073 JON DEVEAUX SENIOR ADVANCEMENT DIRECTOR 40.00 X 148498 0 62622 CAROL KIRSCH ASSISTANT BUSINESS MANAGER 40.00 X 138992 0 38634 W THOMAS EARL FORMER CFO 40.00 X 318404 0 3694 1684559 0 426091 13 1 1 0 FLIK HOSPITALITY GROUP 3 INTERNATIONAL DRIVE RYE BROOK NY 10573 DINING SERVICE 2125223 BARTLETT BRAINARD EACOTT INC 70 GRFFIN RD SOUTH BLOOMFIELD CT 06002 RENOVATION SERVICES 663728 DATTCO INC 583 SOUTH STREET NEW BRITIAN CT 06051 TRANSPORTATION SERVICE 121922 BSN SPORTS LLC PO BOX 660176 DALLAS TX 752660176 SPORTING EQUIPMENT 109581 ALLIED PRINTING SERVICES LLC PO BOX 350 MANCHESTER CT 06045 PRINTING SERVICE 102486 5 11911777 2048817 11911777 TUITION AND FEES 611110 23361528 23361528 OTHER STUDENT SERVICE 611110 62518 62518 23424046 1746233 73531 1672702 2217798 2734962 -517164 -517164 -517164 170710 137516 33194 33194 MISCELLANEOUS INCOME 900099 252130 252130 HOCKEY RINK 900099 145401 145401 RENTAL OF FACILITIES - 721000 102529 102529 175475 175475 675535 37273621 23632715 321461 1407668 120000 120000 4931990 4931990 968812 48175 482456 438181 246231 100935 145296 9925969 8036784 694844 1194341 928083 755204 57262 115617 2132381 1672632 184154 275595 771456 578592 77146 115718 480354 480354 127142 127142 57832 57832 24930 24930 435354 420943 9607 4804 58684 58684 242625 235346 4853 2426 61872 60016 1237 619 2221133 2154500 44422 22211 612080 425688 27541 158851 1806967 1752758 36139 18070 5887911 5711274 117758 58879 273185 264989 5464 2732 DINING SERVICES 1734559 1682522 34691 17346 ACADEMIC DEPARTMENT PRO 1051100 1035022 14841 1237 FUNDRAISING AND MARKETI 591096 37945 782 552369 AUXILIARY SERVICES 406123 393940 8123 4060 814668 774241 26950 13477 36912537 31193496 2493598 3225443 1000955 916023 16743565 20016627 10516906 12214609 440279 406933 163054 158470 302068 385088 174163316 78628397 99784836 95534919 13381191 9379402 78997385 79327104 1846549 2139256 223176788 220478431 1746994 1595898 8135048 8470595 49746097 47809566 3352370 3352370 1328249 2102237 64308758 63330666 X 105651074 102981805 30127747 27761561 23089209 26404399 158868030 157147765 223176788 220478431 X 361084 -1217615 -863734 X X 0 1 X 1 0 X 11949445 22554771 15377509 6001995 11911777 67795497 11949445 22554771 15377509 6001995 11911777 67795497 20971985 46823512 295749 1007937 1179069 1306812 1746233 5535800 292004 284449 173236 160302 247930 1157921 498129 725755 419089 669737 252130 2564840 77054058 109001064 0.60770 0.56880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 103395635 4957557 90371 878662 4521338 103043563 100780840 681995 5804773 759664 3112309 103395635 91422835 2238373 11219632 578900 3521100 100780840 93950196 3800952 -2228313 629273 3470727 91422835 91550892 2014918 4384386 563014 3436986 93950196 0.60000 0.24000 0.16000 0 0 11319677 11319677 150026530 67620421 82406109 12681334 11007976 1673358 135775 135775 95534919 ALTERNATIVE INVESTMENTS 79327104 F 79327104 LIABILITY UNDER SPLIT INTEREST 502536 INTEREST RATE SWAP 1599701 2102237 29301311 -1217615 58879 137516 -1021220 30322531 480354 6470736 6951090 37273621 30726415 58879 137516 196395 30530020 480354 5902163 6382517 36912537 PART V, LINE 4: ENDOWMENT FUNDS SUPPORT SCHOLARSHIPS, FACULTY ENRICHMENT, INSTRUCTION, STUDENT ACTIVITIES, AND LIBRARY AND CAPITAL IMPROVEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CAMPUS STORE EXPENSES 137,516. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION 5,902,163. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 568,573. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAMPUS STORE EXPENSES 137,516. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION 5,902,163. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WESTMINSTER SCHOOL'S NONDISCRIMINATORY POLICY IS INCLUDED IN INTERNAL AND EXTERNAL COMMUNICATIONS, AND AT THE BOTTOM OF EVERY PAGE OF THE WEBSITE. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICE RECRUITMENT OF STUDENTS 33760 EUROPE 0 0 PROGRAM SERVICE RECRUITMENT OF STUDENTS 9309 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 FUNDRAISING 14407 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES RECRUITMENT OF STUDENTS 3707 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 15343624 MIDDLE EAST 0 0 PROGRAM SERVICES RECRUITMENT OF STUDENTS 6606 0 0 0 0 0 0 15411413 0 15411413 0 0 1 1 0 1 SCHEDULE F, PART I, LINE 3: THE EXPENSES ARE ACCOUNTED FOR USING THE ACCRUAL METHOD OF ACCOUNTING AS REPORTED IN THE FINANCIAL STATEMENTS. X X X X X 0 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 CONSULTING ON IN HOUSE FUNDRAISING 0 0 24930 0 24930 CT 1 TOWN OF SIMSBURY 933 HOPMEADOW STREET SIMSBURY CT 06070 SECTION 115 120000 0 CHARITABLE CONTRIBUTION 1 SCHOLARSHIPS 115 4931990 FMV TUITION ASSISTANCE PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY SCHOOL AND STUDENT SERVICES GUIDELINES WHICH PROVIDES A FINANCIAL AID NEED ANALYSIS BASED ON CONFIDENTIAL INFORMATION PROVIDED BY FAMILIES. THE SCHOLARSHIPS ARE AWARDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. ALL SCHOLARSHIPS ARE MADE DIRECTLY AS CREDITS AGAINST STUDENT ACCOUNTS AND NO CASH REFUNDS ARE ISSUED FOR ANY PURPOSE. X 1 1 X X X 0 1 0 0 0 0 0 0 1 0 WILLIAM VN PHILIP HEADMASTER 363397 0 0 0 0 0 94738 0 38809 0 496944 0 0 0 NEWELL GRANT DIR OF ADVANCEMENT, ASST SECRETARY 145203 0 0 0 0 0 28750 0 43971 0 217924 0 0 0 JULIE COLLINS CHIEF FINANCIAL OFFICER 119256 0 0 0 0 0 15000 0 21769 0 156025 0 0 0 NANCY SPENCER ASSISTANT HEADMASTER 167803 0 0 0 0 0 21625 0 43995 0 233423 0 0 0 PETER SMITH MEDICAL DIRECTOR 147438 0 0 0 0 0 14440 0 19971 0 181849 0 0 0 WILLARD SISTARE DIRECTOR OF STUDIES 135568 0 0 0 0 0 16750 0 31323 0 183641 0 0 0 JON DEVEAUX SENIOR ADVANCEMENT DIRECTOR 148498 0 0 0 0 0 18750 0 43872 0 211120 0 0 0 CAROL KIRSCH ASSISTANT BUSINESS MANAGER 138992 0 0 0 0 0 18663 0 19971 0 177626 0 0 0 W THOMAS EARL FORMER CFO 156459 0 0 0 161945 0 2500 0 1194 0 322098 0 150000 0 PART I, LINE 1A CERTAIN EMPLOYEES ARE REQUIRED TO LIVE ON CAMPUS. THE VALUE OF THIS HOUSING IS INCLUDED IN NONTAXABLE BENEFITS. PART I, LINE 4B WILLIAM V.N. PHILIP, W. THOMAS EARL, AND NEWELL GRANT PARTICIPATE IN A SECTION 457(F) PLAN, THE BENEFITS FROM WHICH ARE SUBJECT TO VESTING SCHEDULES. PART I, LINE 8 THE CFO IS IN HER INITIAL CONTRACT. A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 20774Y5U2 2014-09-24 20605385 REFUND SERIES E 0 0 0 B STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2015-04-30 5556000 REFUND SERIES D 0 0 0 C STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2015-08-19 10000000 CONSTRUCT DINING HALL & STUDENT AND FACULTY RESIDENCES 0 0 0 D STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 20774Y7P6 2019-04-11 9031319 REFUND SERIES F & SERIES G 0 0 0 A 1015000 21070686 344671 20726015 0 1 1 1 B 2071000 5556184 111103 5445081 1 0 1 1 C 10015935 131171 9884764 2017 0 0 1 1 D 9050798 3119 3656630 180543 5210506 1 0 0 1 A 1 1 0 0 0.00100 0.00100 1 0 1 B 0 0 1 1 0 0.01300 0.01300 1 0 1 C 0 0 1 1 0 0.02500 0.02500 1 0 1 D 0 0 1 1 0 0.02100 0.02100 1 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 PART II, LINE 3: THE DIFFERENCE BETWEEN THE BOND PRICE AND THE BOND PROCEEDS IS DUE TO INVESTMENT EARNINGS ON THE PROCEEDS. W THOMAS EARL EMPLOYEE MORTGAGE X 232000 182571 0 1 1 W GRAHAM COLE RETIRED HEADMASTER MORTGAGE X 200000 40428 0 1 1 JON DEVEAUX EMPLOYEE MORTGAGE X 250000 183934 0 1 1 406933 VIRGINIA EARL SPOUSE OF FORMER CHIEF FINANCIAL OFFICER 92408 COMPENSATION PAID AS CAMPUS STORE MANAGER 0 JENNIFER PHILIP HEADMASTER'S SPOUSE 34108 COMPENSATION PAID FOR MARKETING & EVENTS AND ATHLETIC COACHING 0 ERIKA BREWER SPOUSE OF BOARD MEMBER 119715 COMPENSATION PAID AS DIRECTOR OF PARENT GIVING 0 X 70 2048817 FMV 0 0 1 0 PART I, LINE 32B: PART 1 LINE 9 - PUBLICLY TRADED SECURITIES FROM 70 DONORS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED INTERNALLY AND REVIEWED BY INTERNAL MANAGEMENT. THE FORM 990 IS REVIEWED BY OUTSIDE TAX PREPARER. PRIOR TO FILING A COPY IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES. SCHEDULE B - SCHEDULE OF CONTRIBUTORS - IS NOT INCLUDED. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT/QUESTIONNAIRE IS MAILED TO ALL BOARD OF TRUSTEE MEMBERS IN THE FALL. THE FORMS ARE RETURNED IN A STAMPED SELF ADDRESSED ENVELOPE TO THE HEADMASTER'S ASSISTANT. IF THERE IS AN ACTUAL OR POTENTIAL CONFLICT IT IS DISCLOSED TO AN OFFICER OF THE ORGANIZATION SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DETERMINATION - FOR THE HEADMASTER - THE CHAIRMAN OF THE BOARD ANUALLY PERFORMS A PERFORMANCE REVIEW AND SETS GOALS WITH THE HEADMASTER. COMPARABILITY DATA FROM SCHOOLS OF SIMILAR TYPE ARE REVIEWED. COMPENSATION IS SET FROM THIS REVIEW. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FOR ALL OTHER EMPLOYEES - THE BOARD APPROVES OVERALL COMPENSATION PACKAGES FOR ALL OTHER EMPLOYEES. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PROVIDED WHEN REQUESTED. FORM 990, PART XI, LINE 9: LOSS ON BOND REFINANCING -295,161. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -568,573. PART XI, LINE 2C THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER TRUST (2) CHARITABLE TRUST CT T 1 POOLED INCOME FUND (1) POOLED INCOME FUND CT T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0