2020-05-26T13:17:31-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 4501 TAMIAMI TRAIL NORTH SUITE 200 NAPLES FL 341033548 990 2018-07-01 591058089 CANTERBURY SCHOOL INC CANT 2394814323 8141 COLLEGE PARKWAY FORT MYERS FL 33919 LAERTES MANUELIDIS TREASURER 2394814323 2020-04-15 1 AMELIA COOPER P00437898 2392628686 2020-04-15 67.137.57.251 2020-04-15 13:11:09 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3B3A1289959CA9CF172F1F64CBA6E277D3E8225D 2018 2020-09-22 18:59:49Z RICHARD KIRSCHNER 8141 COLLEGE PARKWAY FORT MYERS FL 33919 29500881 0 X WWW.CANTERBURYFORTMYERS.ORG X 1964 FL TO PROVIDE ACADEMIC EXCELLENCE WHILE EMPHASIZING CHARACTER, LEADERSHIP AND SERVICE. 22 22 228 100 0 0 1321456 6052382 15995138 17440008 565366 189088 84377 -43043 17966337 23638435 2961245 3237740 0 0 10703084 11415634 0 23298 605739 4143645 4812038 17807974 19488710 158363 4149725 30201765 32236169 23873508 22649325 6328257 9586844 X CANTERBURY SCHOOL IS PK3-12, COEDUCATIONAL, COLLEGE PREPARATORY DAY SCHOOL WITH APPROXIMATELY 650 STUDENTS. THE SCHOOL IS DEDICATED TO ACADEMIC EXCELLENCE WITHIN A CARING AND SUPPORTIVE COMMUNITY EMPHASIZING CHARACTER, LEADERSHIP AND SERVICE. 0 0 13673946 3237740 17524308 CANTERBURY HISTORY IS RICH IN LEADERSHIP AND VISION BY THOSE WHO HAVE COME BEFORE US AS DONORS, VISIONARIES AND VOLUNTEERS. TOGETHER THEY HAVE SET THE COURSE FOR WHAT CANTERBURY IS TODAY, A WELL-RESPECTED EDUCATIONAL INSTITUTION PRODUCING STUDENTS WHO ARE PREPARED FOR SUCCESS IN COLLEGE AND BEYOND.(CONTINUED ON SCHEDULE O).COURSE OF STUDIES:OUR STUDENTS PURSUE A RIGOROUS SCHEDULE OF COLLEGE PREPARATORY CLASSES FOR ALL FOUR YEARS IN THE UPPER SCHOOL. ALL CLASSES AT CANTERBURY SCHOOL ARE TAUGHT AT THE HONORS LEVEL, WITH ADVANCED PLACEMENT (AP) AND INDEPENDENT STUDIES PROVIDING EXTRA CHALLENGES. AP COURSES ARE PROVIDED IN ALL CORE SUBJECT AREAS. ENROLLMENT IN AP IS DETERMINED BY ACADEMIC DEPARTMENT POLICIES AND/OR PREREQUISITE COURSES.ATHLETICS AND EXTRACURRICULAR ACTIVITIES:ATHLETICS, CLUBS AND ORGANIZATIONS PLAY KEY ROLES IN STUDENT LIFE. CANTERBURY OFFERS AN ARRAY OF SPORTS FOR STUDENT PARTICIPATION INCLUDING: FOOTBALL, SOCCER, BASEBALL, BASKETBALL, VOLLEYBALL, SWIMMING, TENNIS, GOLF, CROSS- COUNTRY, TRACK AND FIELD AND LACROSSE. 75% OF OUR UPPER SCHOOL STUDENTS PARTICIPATE IN SPORTS.THERE ARE WELL OVER 20 ACTIVE CLUBS ON CAMPUS INCLUDING YEARBOOK, CHESS, MOCK TRIAL, AND MODEL UN. CLUB MEMBERS MEET ON A REGULAR BASIS THROUGHOUT THE YEAR. ADDITIONALLY, STUDENTS PARTICIPATE IN A VARIETY OF LOCAL, STATE, NATIONAL AND INTERNATIONAL SCHOLASTIC COMPETITIONS.STUDENTS DRAWN FROM: ALVA, BOKEELIA, BONITA SPRINGS, CAPE CORAL, ESTERO, FORT MYERS, FORT MYERS BEACH, LABELLE, LEHIGH ACRES, NAPLES, NORTH FORT MYERS, PORT CHARLOTTE, PUNTA GORDA, SANIBEL GRADUATES ACCEPTED TO FOUR-YEAR COLLEGES OR UNIVERSITIES: 100% AVERAGE CLASS SIZE: 16STUDENT/FACULTY RATIO: 10:1 FINANCIAL AID: FOR THE 2019-2020 SCHOOL YEAR, CANTERBURY SCHOOL PROVIDED APPROXIMATELY $3,600,000 OF FINANCIAL ASSISTANCE TO 30% OF THE STUDENT BODY. CANTERBURY SCHOOL ADHERES TO THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS' "PRINCIPLES OF GOOD PRACTICE FOR FINANCIAL AID."TUITION REMISSION: FOR THE 2019-2020 SCHOOL YEAR, CANTERBURY SCHOOL PROVIDED APPROXIMATELY $1,200,000 AS A TUITION REMISSION BENEFIT TO CHILDREN OF EMPLOYEES, ABOUT 8% OF THE STUDENT BODY.UPPER SCHOOL STUDENTS PARTICIPATING IN SPORTS: 75% PERCENTAGE OF FACULTY & ADMINISTRATION HOLDING ADVANCED DEGREES: 47%CLASS OF 2019 SAT AVERAGE OF HIGHEST SCORES: CRITICAL READING & WRITING: 634; MATH: 635CLASS OF 2019 ACT COMPOSITE SCORE: 26.5MASCOT: COUGAR ATHLETIC TEAMS: FOOTBALL, SOCCER, BASKETBALL, BASEBALL, VOLLEYBALL, SWIMMING, TENNIS, GOLF, CROSS-COUNTRY, TRACK & FIELD AND LACROSSE ACCREDITATIONS/MEMBERSHIPS:- NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS- FLORIDA COUNCIL OF INDEPENDENT SCHOOLS- SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS- SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS- NATIONAL ASSOCIATION OF COLLEGE ADMISSION COUNSELING- THE COLLEGE BOARDACADEMIC SOCIETIES:- CUM LAUDE SOCIETY- INTERNATIONAL THESPIAN SOCIETY- LA SOCIETE HONORAIRE DE FRANCAIS- MU ALPHA THETA MATHEMATICS HONOR SOCIETY- NATIONAL ENGLISH HONOR SOCIETY- NATIONAL HONOR SOCIETY- NATIONAL LATIN HONOR SOCIETY- RHO KAPPA, FCSS STUDENT HONOR SOCIETY- SCIENCE NATIONAL HONOR SOCIETY- SOCIEDAD HONORARIA HISPANICAPHILANTHROPY: THE SCHOOL RELIES ON TUITION AND PHILANTHROPIC SUPPORT. 13673946 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 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 8 0 228 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X SUSAN RYAN 2394814323 8141 COLLEGE PARKWAY FORT MYERS FL 33919 TODD CARUSO BOARD CHAIR 0.50 X X 0 0 0 LORI MAY VICE CHAIR 0.50 X X 0 0 0 MICHAEL DAMIANI SECRETARY 0.50 X X 0 0 0 LAERTES MANUELIDIS TREASURER 0.50 X X 0 0 0 RIE AIHARA TRUSTEE 0.50 X 0 0 0 ERIC APPLEGREN TRUSTEE 0.50 X 0 0 0 ED BELL TRUSTEE 0.50 X 0 0 0 RYAN BENSON TRUSTEE 0.50 X 0 0 0 SUZANNE BOY TRUSTEE 0.50 X 0 0 0 TOM BURT TRUSTEE 0.50 X 0 0 0 DOMINIC CAMERATTA TRUSTEE 0.50 X 0 0 0 JOE CATTI TRUSTEE 0.50 X 0 0 0 SUSAN CHICONE TRUSTEE 0.50 X 0 0 0 ELIZABETH DOSORETZ TRUSTEE 0.50 X 0 0 0 CHAUNCEY GOSS TRUSTEE 0.50 X 0 0 0 DAVID LUCAS TRUSTEE 0.50 X 0 0 0 MICHAEL PICKETT TRUSTEE 0.50 X 0 0 0 TAREK SALHAB TRUSTEE 0.50 X 0 0 0 DEENA SCHWARTZ TRUSTEE 0.50 X 0 0 0 AMY STANFILL TRUSTEE 0.50 X 0 0 0 SARA STENSRUD TRUSTEE 0.50 X 0 0 0 TRUDI WILLIAMS TRUSTEE 0.50 X 0 0 0 ELKE PODOLASEK MOTHERS CLUB REPRESENTATION 0.50 X 0 0 0 MICHEAL RUBENSTEIN ALUMNI ASSOCIATION REPRESENTATIVE 0.50 X 0 0 0 MARK MASCARELLI FATHERS CLUB REPRESENTATIVE 0.50 X 0 0 0 RICK KIRSCHNER HEAD OF SCHOOL 40.00 X 266269 0 39120 SUSAN RYAN CHIEF FINANCIAL OFFICER 40.00 X 178990 0 26406 GEORGE PAPPAS ASSOC. HEAD OF SCHOOL FOR ADVANCEMENT 40.00 X 118203 0 56848 FRANK TURCO ATHLETIC DIRECTOR 40.00 X 109890 0 25638 673352 0 148012 4 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD LUTHERVILLE MD 33548 CAFETERIA DINING SERVICE & CATERING 635914 ENTECH COMPUTER SERVICES 6338 PRESIDENTIAL COURT - SUITE 201 FORT MYERS FL 33919 OUTSOURCED TECHNOLOGY AND COMPUTER CONSU 320941 JSM SERVICES PO BOX 897 LUTZ FL 33548 ATHLETIC FIELD CONSTRUCTION & MAINTENANC 183768 3 410600 5641782 1233606 6052382 TUITION AND FEES 611110 16199012 16199012 AUXILIARY PROGRAMS 611110 1191601 1191601 STUDENT ACTIVITIES 611110 49395 49395 17440008 178197 178197 6668 0 6668 6668 6668 5595317 5584426 10891 10891 10891 88315 410600 229371 -141056 -141056 52011 48649 3362 3362 MISCELLANEOUS REVENUE 900099 83778 83778 SETTLEMENT REVENUE 900099 4205 4205 87983 23638435 17523786 0 62267 3237740 3237740 511341 481423 29918 7871479 6953350 501266 416863 430561 331175 93586 5800 2031084 797353 1221885 11846 571169 474870 76879 19420 45000 45000 17861 17861 37875 37875 23298 23298 35312 35312 364783 243649 90369 30765 19266 790 18476 486798 347100 97706 41992 209515 209515 285081 285081 118332 78116 23146 17070 76747 57220 16040 3487 923274 923274 997891 997891 304692 304507 185 STUDENT SUPPLIES 702569 702569 PUBLICATIONS, DUES & SU 49588 17337 28993 3258 MISCELLANEOUS 36535 20162 16220 153 100919 82434 16801 1684 19488710 13673946 5209025 605739 935904 1412306 202950 541287 425370 2172775 77790 104724 20283 53655 277852 253607 39009142 17628269 21444878 21380873 6816738 6316942 30201765 32236169 968210 1027755 3439333 3349924 18740052 16823839 133296 66375 592617 1381432 23873508 22649325 X 3339574 4218123 1630060 4010098 1358623 1358623 6328257 9586844 30201765 32236169 X 4149725 -891138 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1927047 105408 2032455 1785015 142032 1927047 1598210 186805 1785015 1597463 747 1598210 2412571 5000 26695 846803 1597463 0.71250 0.28750 0 0 8641930 8641930 24303853 12948659 11355194 827471 4337238 -3509767 5235888 342372 4893516 21380873 OBLIGATION UNDER INTEREST RATE SWAP AGREEMENTS 1225779 STUDENT ACTIVITIES FUNDS 35653 OTHER PAYABLE 120000 1381432 X 19678402 51163 -4059845 -4008682 23687084 -48649 -48649 23638435 16419815 168845 168845 16250970 3237740 3237740 19488710 PART V, LINE 4: PERMANENTLY RESTRICTED ENDOWMENT FUNDS ARE USED BASED ON THE SPECIFIC DONOR IMPOSED RESTRICTIONS OF EACH FUND. PART X, LINE 2: THE SCHOOL FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS AND AS A RESULT, EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAP AGREEMENT -822,105. FINANCIAL AID -3,237,740. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOOL STORE COST OF GOODS SOLD -48,649. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOOL STORE COST OF GOODS SOLD 48,649. BAD DEBT EXPENSE 120,196. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,237,740. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLISHES THE FOLLOWING NOTICE IN LOCAL NEWSPAPERS DURING THE PERIOD OF REGISTRATION FOR STUDENTS: THE CANTERBURY SCHOOL ADMITS STUDENTS OF ANY RACE, RELIGION, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, RELIGION, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. X 0 STARR SNEAD 1359 NORTH EDGEWATER DRIVE CHARLESTON SC 29407 CONSULTING 0 0 23298 -23298 23298 -23298 EXTRAVAGANZA 498915 410600 88315 178535 12506 404 37926 498915 410600 88315 178535 12506 404 37926 229371 -141056 1 FINANCIAL AID AND SCHOLARSHIPS 194 3149570 N/A N/A PART I, LINE 2: CANTERBURY SCHOOL ADHERES TO THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS' "PRINCIPLES OF GOOD PRACTICE FOR FINANCIAL AID". FINANCIAL AID GRANTS ARE OFFERED TO STUDENTS WHO HAVE BEEN ACCEPTED TO CANTERBURY SCHOOL AND WHOSE FAMILIES DEMONSTRATE FINANCIAL NEED. TO ASSESS THE LEVEL OF NEED, CANTERBURY SCHOOL USES THE CALCULATIONS OF THE SCHOOL AND STUDENT SERVICES (SSS) AS A GUIDELINE. THE FAMILY'S TOTAL INCOME, ASSETS AND SPECIAL CIRCUMSTANCES ARE TAKEN INTO CONSIDERATION. CANTERBURY SCHOOL'S FINANCIAL AID COMMITTEE REVIEWS ALL APPLICATIONS AND MAKES THE FINAL AWARD. DECISIONS ARE INFLUENCED BY THE AVAILABILITY OF SCHOOL RESOURCES, THE NUMBER OF QUALIFIED APPLICANTS, AND OVERALL BUDGETARY CONSTRAINTS. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 RICK KIRSCHNER HEAD OF SCHOOL 266269 0 0 0 0 0 12998 0 26122 0 305389 0 0 0 SUSAN RYAN CHIEF FINANCIAL OFFICER 178990 0 0 0 0 0 21583 0 4823 0 205396 0 0 0 GEORGE PAPPAS ASSOC. HEAD OF SCHOOL FOR ADVANCEMEN 118203 0 0 0 0 0 34585 0 22263 0 175051 0 0 0 PART I, LINE 1A RICK KIRSCHNER RECEIVED HOUSING ALLOWANCE FOR $26,000 THAT WAS INCLUDED IN HIS TAXABLE COMPENSATION. A LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 591793462 2009-10-02 20685000 CREDIT ENHANCEMENT AND LIQUIDITY 0 0 0 A 3861161 20685000 744 184256 0 0 0 0 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 SUNTRUST BANK 21.000000000000 0 0 0 0 1 A 1 X 6 1055071 PUBLICLY TRADED VALUE X AUCTION ITEMS 101 178535 FMV 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE SCHOOL IS MADE UP OF THE ELECTED OFFICERS OF THE BOARD OF TRUSTEES AND ACTS FOR AND ON BEHALF OF THE BOARD OF TRUSTEES. IT HAS THE FULL AUTHORITY OF THE BOARD OF TRUSTEES UNTIL THE NEXT GENERAL MEETING AND REPORTS ITS ACTIONS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD TREASURER REVIEWS A DRAFT OF THE TAX RETURN FOR ACCURACY AND COMPLETENESS PRIOR TO SIGNING AND FILING THE TAX RETURN. THE ENTIRE BOARD IS PROVIDED A COPY OF THE PUBLIC FILING COPY AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES IS COMMITTED TO AVOIDING CONFLICTS BETWEEN THE INTERESTS OF THE SCHOOL AND ANY PERSONAL INTEREST OF A TRUSTEE. A TRUSTEE MUST MANAGE HIS OR HER PERSONAL AND BUSINESS AFFAIRS LEGALLY AND ETHICALLY, SO AS TO AVOID AN ACTUAL OR PERCEIVED CONFLICT OF INTEREST. GENERALLY, A CONFLICT MAY ARISE WHEN 1) A TRUSTEE HAS AN EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST WHICH IMPAIRS, OR MIGHT APPEAR TO IMPAIR, HIS OR HER OBJECTIVITY IN SERVING THE SCHOOL; OR 2) A TRUSTEE MIGHT DERIVE, OR APPEAR TO DERIVE, A FINANCIAL OR OTHER MATERIAL BENEFIT FROM HIS OR HER BOARD SERVICE. ULTIMATELY, THE DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS RELIES ON EACH TRUSTEE'S SOUND JUDGMENT, HONESTY, AND ETHICS. WHEN A POTENTIAL CONFLICT OF INTEREST EXISTS OR IS BELIEVED TO EXIST, PROMPT DISCLOSURE TO THE CHAIR OR CO-CHAIR IS REQUIRED. RECUSAL OR ABSTENTION MAY BE REQUIRED. EACH TRUSTEE IS REQUIRED TO SIGN A COPY OF THIS POLICY ON AN ANNUAL BASIS. EACH TRUSTEE IS REQUIRED TO ABIDE BY THIS CODE OF CONDUCT/CONFLICT OF INTEREST POLICY AND WITH THE BY LAWS AT ALL TIMES. FAILURE TO DO SO SHALL RESULT IN REMOVAL FROM THE BOARD OF TRUSTEES. FURTHER, VIOLATION OF THIS POLICY OR OTHER POLICIES ADOPTED BY THE BOARD OF TRUSTEES MAY RESULT IN THE TRUSTEE'S REMOVAL FROM THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL (HEAD OF SCHOOL) IS BENCHMARKED AGAINST COMPARABLE POSITIONS AT PEER INSTITUTIONS AND REVIEWED BY THE BOARD OF TRUSTEES. COMPENSATION FOR KEY EMPLOYEES IS BENCHMARKED AGAINST COMPARABLE POSITIONS AT PEER INSTITUTIONS, USING THE DASL SURVERY WHICH IS COLLECTED ANNUALLY IN THE FALL BY NAIS. THE HEAD OF SCHOOL REVIEWS THE DATA TO DETERMINE SALARIES. THE MOST RECENT YEAR IN WHICH THIS PROCESS WAS COMPLETED WAS 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE SWAP AGREEMENT -822,105. BAD DEBT EXPENSE -120,196. UNREALIZED GAIN 51,163.