2020-11-06T11:23:17-06:00 2020-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2019-07-01 020222147 KIMBALL UNION ACADEMY KIMB 6034692160 PO BOX 188 MERIDEN NH 037700188 ROBERT BLAKE CFO 6034692160 2020-11-06 1 W JAY SIMMS P00435321 6036530044 2020-11-05 216.107.201.226 2020-11-06 07:45:29 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7E797A795B2BB7BC55F5A79F99305C6DABDD9FB5 2019 2021-01-29 14:40:06Z ROBERT BLAKE MAIN STREET MERIDEN NH 03770 31882076 0 X WWW.KUA.ORG X 1813 NH SECONDARY EDUCATION 16 16 203 0 135589 0 21485205 2974122 20752408 20835430 1343523 5917372 214021 146207 43795157 29873131 4934903 5864724 0 0 9726320 10061510 0 0 822357 9161320 8653032 23822543 24579266 19972614 5293865 109898930 112647553 31089232 34004330 78809698 78643223 KIMBALL UNION ACADEMY PREPARES STUDENTS FOR THE CHALLENGES OF TOMORROW'S WORLD BY INSPIRING ACADEMIC MASTERY, CREATIVITY, RESPONSIBILITY, AND LEADERSHIP. 0 0 20182711 5864724 26752802 PRIVATE HIGH SCHOOL THAT SERVES 249 BOARDING STUDENTS AND 90 DAY STUDENTS. 20182711 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 87 0 1 203 1 1 1 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X ROBERT BLAKE 6034692000 KIMBALL UNION ACADEMY MERIDEN NH 037700188 MOLLY STEFFEY VICE CHAIR OF THE BOARD 1.00 X X 0 0 0 CHRISTOPHER BURNS CHAIR OF THE BOARD 1.00 X X 0 0 0 PETER SCHIEFFELIN TREASURER 1.00 X X 0 0 0 KARLA RADKE SECRETARY 1.00 X X 0 0 0 ALLYN DAVID TRUSTEE 1.00 X 0 0 0 JENNIFER BORISLOW TRUSTEE 1.00 X 0 0 0 ROBIN GRONLUND TRUSTEE 1.00 X 0 0 0 VIVA HARDIGG TRUSTEE 1.00 X 0 0 0 EDWARD HILD TRUSTEE 1.00 X 0 0 0 DONALD LOWERY TRUSTEE 1.00 X 0 0 0 CLYDE NEVILLE TRUSTEE 1.00 X 0 0 0 JILL SHEPARD TRUSTEE 1.00 X 0 0 0 ANDREA STERN TRUSTEE 1.00 X 0 0 0 JADIHEL TAVERAS TRUSTEE 1.00 X 0 0 0 STEPHEN TAYLOR TRUSTEE 1.00 X 0 0 0 CHRISTOPHER YOSHIDA TRUSTEE 1.00 X 0 0 0 CATHY PIPAS TRUSTEE 1.00 X 0 0 0 GLENN POGUS TRUSTEE 1.00 X 0 0 0 LILA HUWILER TRUSTEE 1.00 X 0 0 0 ROBERT BLAKE CFO 40.00 X 172954 0 38481 DAVID WEIDMAN ASSISTANT HEAD OF SCHOOL 40.00 X 113866 0 31805 HUNTER ULF CHIEF OPERATING OFFICER 40.00 X 141680 0 32186 POLLY ANTOL DIRECTOR OF ADVANCEMENT 40.00 X 134461 0 59667 LINDSEY RATLIFF DIRECTOR OF ADMISSION 40.00 X 98836 0 59622 TYLER LEWIS HEAD OF SCHOOL 40.00 X 162617 0 65456 MICHAEL SCHAFER HEAD OF SCHOOL (FORMER) 40.00 X 185209 0 87977 PAMELA CLARKE INTERIM HEAD OF SCHOOL (FORMER) 40.00 X 168189 0 40159 1177812 0 415353 7 1 1 0 SAGE DINING SERVICES 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 1428172 ESTES & GALLUP INC PO BOX 240 LYME NH 03768 CONSTRUCTION 1404925 TODD OSGOOD CONSTRUCTION LLC 524 JOHN STARK HIGHWAY NEWPORT NH 03773 CONSTRUCTION 773640 EXPRESS CLEANING LLC 216 BUTTERNUT ROAD WHITE RIVER JCT VT 05001 CLEANING 243050 MAK'S TRUCKING & ESCAVATION LLC 909 ROUTE 120 MERIDEN NH 03770 TRUCKING/EXCAVATION 170750 5 2974122 46355 2974122 TUITION 611710 19461100 19461100 PROGRAM SUPPORT 611710 1118839 1118839 SUMMER PROGRAMS 611710 255491 255491 20835430 1366356 1366356 43285 0 43285 43285 43285 6352773 6500 1616762 191495 4736011 -184995 4551016 4551016 168021 200688 -32667 -32667 CHILD CARE FEES - NON- 624410 63048 63048 CHILD CARE FEES - KUA 624410 43813 43813 ATHLETIC FACILITY RENT 713940 28728 28728 135589 29873131 26752802 135589 10618 5864724 5864724 592544 187320 405224 7040237 5422033 1195653 422551 605085 467847 101359 35879 1285813 968861 244116 72836 537831 397387 110935 29509 91681 91681 1157641 1080841 61741 15059 519752 485200 27780 6772 2361682 2204681 126232 30769 92343 65384 22597 4362 OTHER CONTRACTED SERVIC 1797927 969719 748819 79389 SUPPLIES AND OTHER OPER 1418931 961820 383146 73965 FOOD AND DINING 1213075 1106894 54915 51266 24579266 20182711 3574198 822357 5749435 7555552 1025727 2004389 7596561 8261962 163553 164817 419854 237602 68313333 30676878 38465900 37636455 54056330 54638296 2421570 2148480 109898930 112647553 1058336 1031748 13016659 13423791 13583002 13275019 439372 2236336 2991863 4037436 31089232 34004330 X 60956075 58812695 17853623 19830528 78809698 78643223 109898930 112647553 X 5293865 -4271105 -1189234 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51944184 98203 1794770 827598 53009559 31078466 20077547 2437036 1648865 51944184 29859377 173945 1770144 725000 31078466 27469130 114026 2946221 670000 29859377 23648168 3147294 1255668 582000 27469130 0.70240 0.04720 0.25040 1 0 1888311 1888311 61596939 27607266 33989673 4247044 3069612 1177432 581039 581039 37636455 CAPITAL LEASE 57795 DEFERRED COMPENSATION 27381 INTEREST RATE SWAP 3290404 RETIREMENT OBLIGATION 661856 4037436 X 18657075 -4271105 -6853270 -11124375 29781450 91681 91681 29873131 18823550 200689 200689 18622861 91681 5864724 5956405 24579266 PART V, LINE 4: KIMBALL UNION ACADEMY USES THEIR ENDOWMENT FUNDS FOR ACADEMICS, THE EQUESTRIAN PROGRAM, DEPARTMENT MANAGER SALARIES, FINANCIAL AID, BUILDING MAINTENANCE, BOOKS, AND OPERATING SUPPORT. PART X, LINE 2: THE ACADEMY QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACADEMY REPORTS OPERATION OF ITS HOCKEY FACILITY AND DAY CARE CENTER ON FORM 990-T SUBJECT TO EXCISE TAX. IN ADDITION, THE ACADEMY FILES A BUSINESS ENTERPRISE TAX RETURN IN NEW HAMPSHIRE. THE ACADEMY HAS ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. SUBTOPIC 740-10 ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORE-LIKELY-THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. THE ACADEMY HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID ADDITION TO GROSS UP TUITION -5,864,724. INTEREST RATE SWAP -1,189,234. COST OF GOODS SOLD 200,688. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 200,688. ROUNDING 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,864,724. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 KIMBALL UNION ACADEMY'S NONDISCRIMINATORY POLICY IS PUBLISHED ON ITS WEBSITE, ON ITS APPLICATION AND EMPLOYMENT DOCUMENTS, AND IN EMPLOYMENT ADS. THE NONDISCRIMINATORY POLCY IS ALSO INCLUDED IN OUR ADMISSIONS MATERIALS, INCLUDING OUR APPLICATION FOR ADMISSION. EVERY STUDENT HAS AN ANNUAL CONTRACT WITH THE SCHOOL THAT CLEARLY STATES THE SCHOOL'S NONDISCRIMINATORY POLICY. 1 FINANCIAL AID 172 5864724 FMV FINANCIAL AID FORM 990I-4 LINE 60 THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT BUSINESS OFFICE OF KIMBALL UNION ACADEMY. X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 ROBERT BLAKE CFO 172954 0 0 0 0 0 17793 0 20688 0 211435 0 0 0 HUNTER ULF CHIEF OPERATING OFFICER 141680 0 0 0 0 0 14788 0 17398 0 173866 0 0 0 POLLY ANTOL DIRECTOR OF ADVANCEMENT 134461 0 0 0 0 0 14732 0 44935 0 194128 0 0 0 LINDSEY RATLIFF DIRECTOR OF ADMISSION 98836 0 0 0 0 0 11181 0 48441 0 158458 0 0 0 TYLER LEWIS HEAD OF SCHOOL 162617 0 0 0 0 0 14046 0 51410 0 228073 0 0 0 MICHAEL SCHAFER HEAD OF SCHOOL (FORMER) 185209 0 0 0 0 0 16062 0 71915 0 273186 0 0 0 PAMELA CLARKE INTERIM HEAD OF SCHOOL (FORMER) 148189 0 20000 0 0 0 14300 0 25859 0 208348 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO A MAJORITY OF THE FACULTY, TO THE EXTENT ON-CAMPUS HOUSING IS AVAILABLE, IN ORDER FOR THE FACULTY TO FULFILL THEIR LOCO PARENTIS RESPONSIBILITIES. A NHHEFA 020279866 664614TA7 2015-08-27 14657301 REFINANCE EXISTING BONDS AND RENOVATIONS 0 0 0 A 14657301 232108 2000000 375193 2015 0 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 1 0 UNITED BANK 10.000000000000 0 0 0 0 0 A 1 THOMAS KARDEL TEACHER 80457 THOMAS KARDEL, AN EMPLOYEE OF THE SCHOOL, IS THE HUSBAND OF THE SCHOOL'S ASSISTANT HEADMASTER 0 RENEE LEWIS LEARNING SPECIALIST AND COACH 7511 RENEE LEWIS, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE HEAD OF SCHOOL. 0 X 1 40813 FMV X EQUIPMENT 2 5542 COST 0 1 1 PART I, LINE 32B: THE ORGANIZATION'S GIFTS OF STOCK ARE TRANSFERRED TO A BROKERAGE HOUSE FOR IMMEDIATE SALE. REAL ESTATE GIFTS NOT CORE TO THE MISSION OF THE ACADEMY ARE PLACED WITH A QUALIFIED, LOCAL REAL ESTATE BROKER AND PLACED FOR SALE. FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT AUDITORS DISCUSSED PREPARATION OF THE FORM 990 WITH THE ORGANIZATION'S AUDIT COMMITTEE IN DETAIL. A DRAFT COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD FOR TRUSTEE INSPECTION BEFORE FILING. THE CFO AND THE AUDIT COMMITTEE CHAIR ALSO BRIEF THE TRUSTEES ON KEY ELEMENTS OF THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH TRUSTEE, PRIOR TO TAKING A POSITION ON THE BOARD, TO SUBMIT IN WRITING ANY POSSIBLE CONFLICTS. THE ORGANIZATION REQUIRES EACH TRUSTEE TO UPDATE THE LISTS ANNUALLY. TRUSTEES HAVING A FINANCIAL INTEREST IN THE TRANSACTION AT HAND ARE NOT ALLOWED TO VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE. THE COMMITTEE PERIODICALLY HIRES A THIRD-PARTY EXPERT TO REVIEW, BENCHMARK, AND ASSIST IN THE NEGOTIATION OF THE HEAD'S CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP ADJUSTMENT -1,189,234.