2019-11-13T05:38:58-06:00 2019-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2018-07-01 020222147 KIMBALL UNION ACADEMY KIMB 6034693211 PO BOX 188 MERIDEN NH 037700188 ROBERT BLAKE CFO 6034693211 2019-11-08 1 W JAY SIMMS P00435321 6036530044 2019-11-08 216.107.201.226 2019-11-08 11:56:42 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 E125F4664CA59E986E126FDFBB4724C3AED932BF 2018 2020-04-17 16:48:07Z ROBERT BLAKE MAIN STREET MERIDEN NH 03770 46644472 0 X WWW.KUA.ORG X 1813 NH SECONDARY EDUCATION 18 18 210 0 169479 0 5245194 21485205 19861052 20752408 978850 1343523 192607 214021 26277703 43795157 4973630 4934903 0 0 9661259 9726320 0 0 1015554 8807894 9161320 23442783 23822543 2834920 19972614 88659658 109898930 30654683 31089232 58004975 78809698 KIMBALL UNION ACADEMY PREPARES STUDENTS FOR THE CHALLENGES OF TOMORROW'S WORLD BY INSPIRING ACADEMIC MASTERY, CREATIVITY, RESPONSIBILITY, AND LEADERSHIP. 0 0 19250675 4934903 22095931 PRIVATE HIGH SCHOOL THAT SERVES 253 BOARDING STUDENTS AND 86 DAY STUDENTS. 19250675 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 79 0 1 210 1 1 1 0 0 0 0 0 0 0 0 0 X 18 18 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 DAVID G POND VICE CHAIR 1.00 X X 0 0 0 ROB SNOW BOARD CHAIR 1.00 X X 0 0 0 MICHAEL BORISLOW SECRETARY 1.00 X X 0 0 0 PHIL DEGUIRE TREASURER 1.00 X X 0 0 0 CHRISTOPHER BURNS TRUSTEE 1.00 X 0 0 0 LILA HUWILER TRUSTEE 1.00 X 0 0 0 KONRAD GESNER TRUSTEE 1.00 X 0 0 0 KRISTIN GRAHAM TRUSTEE 1.00 X 0 0 0 WALTER SULLIVAN TRUSTEE 1.00 X 0 0 0 PETER SCHIEFFELIN TRUSTEE 1.00 X 0 0 0 ANDREA STERN TRUSTEE 1.00 X 0 0 0 GLENN POGUST TRUSTEE 1.00 X 0 0 0 JOSEPH THIBERT TRUSTEE 1.00 X 0 0 0 WILLIAM ELLIOT TRUSTEE 1.00 X 0 0 0 CHRISTOPHER YOSHIDA TRUSTEE 1.00 X 0 0 0 DAVID ALLYN TRUSTEE 1.00 X 0 0 0 MOLLY BOURNE TRUSTEE 1.00 X 0 0 0 CATHERINE PIPAS TRUSTEE 1.00 X 0 0 0 MICHAEL SCHAFER HEAD OF SCHOOL (FORMER) 40.00 X 344417 0 133792 ROBERT BLAKE CFO 40.00 X 167514 0 41975 DAVID WEIDMAN ASSISTANT HEAD OF SCHOOL 40.00 X 119770 0 34271 HUNTER ULF CHIEF OPERATING OFFICER 40.00 X 133356 0 33329 POLLY ANTOL DIRECTOR OF ADVANCEMENT 40.00 X 132514 0 63869 PAMELA CLARKE INTERIM HEAD OF SCHOOL 40.00 X 112466 0 40573 LINDSEY RATLIFF DIRECTOR OF ADMISSION 40.00 X 97648 0 63896 1107685 0 411705 6 0 1 0 TODD OSGOOD CONSTRUCTION 524 JOHN STARK HIGHWAY NEWPORT NH 03754 CONSTRUCTION 468500 DARIO R DACRUZ EXPRESS CLEANING 216 BUTTERNUT RD WHITE RIVER JUNCTION VT 05001 CLEANING 252321 ARC MECHANICAL 229 DEPOT ST BRADFORD VT 05033 CONSTRUCTION 195852 MAK'S TRUCKING & ESCAVATING 909 ROUTE 120 MERIDEN NH 03770 EVACUATION 108900 4 21485205 70956 21485205 TUITION 611710 19098742 19098742 PROGRAM SUPPORT 611710 1362287 1362287 SUMMER PROGRAMS 611710 291379 291379 20752408 1346393 1346393 58891 0 58891 58891 58891 2315767 277403 2340074 255966 -24307 21437 -2870 -2870 238926 253275 -14349 -14349 CHILD CARE FEES - NON- 624410 81867 81867 CHILD CARE FEES - KUA 624410 60510 60510 ATHLETIC FACILITY RENT 713940 27102 27102 169479 43795157 22095931 169479 44542 4934903 4934903 941654 941654 6471766 5004665 948879 518222 546898 424889 78025 43984 1241369 933430 216380 91559 524633 383240 104133 37260 42530 42530 77123 77123 187357 187357 69948 24517 45431 357320 252886 50172 54262 1366062 1284727 63673 17662 296081 195353 65192 35536 523679 490762 25942 6975 2319469 2173674 114902 30893 133621 78784 53751 1086 FOOD AND DINING 1444979 1300313 47045 97621 CONTRACTED SERVICES 979101 691201 269490 18410 PLANT EXPENSES 438706 341432 85965 11309 GENERAL SCHOOL 359694 193281 136622 29791 565650 542618 2048 20984 23822543 19250675 3556314 1015554 9338832 5749435 1221389 1025727 7732588 7596561 159741 163553 370189 419854 67796092 29330192 36677062 38465900 30397702 54056330 300520 0 2461635 2421570 88659658 109898930 1224718 1058336 13738688 13016659 12924229 13583002 399243 439372 2367805 2991863 30654683 31089232 X 39511255 60956075 4489154 4485751 14004566 13367872 58004975 78809698 88659658 109898930 X 19972614 1587540 -755431 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31078466 20077547 2437036 1648865 51944184 29859377 173945 1770144 725000 31078466 27469130 114026 2946221 670000 29859377 23648168 3147294 1255668 582000 27469130 23664320 303432 180416 500000 23648168 0.69900 0.25700 0.04400 1 0 1893263 1893263 59711678 26549610 33162068 4043139 2780582 1262557 2148012 2148012 38465900 CAPITAL LEASE 96497 RETIREMENT OBLIGATION 661856 DEFERRED COMPENSATION 132340 INTEREST RATE SWAP 2101170 2991863 X 39757780 1587540 -5437560 -3850020 43607800 187357 187357 43795157 18953057 253275 253275 18699782 187357 4935404 5122761 23822543 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 -4,934,903. INTEREST RATE SWAP -755,432. COST OF GOODS SOLD 253,275. BAD DEBT ENDOWMENT -500. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 253,275. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,934,903. BAD DEBT TEMP NA 500. ROUNDING 1. 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 178 4934903 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 MICHAEL SCHAFER HEAD OF SCHOOL (FORMER) 344417 0 0 0 0 0 27500 0 106292 0 478209 0 0 0 ROBERT BLAKE CFO 167514 0 0 0 0 0 17093 0 24882 0 209489 0 0 0 DAVID WEIDMAN ASSISTANT HEAD OF SCHOOL 119770 0 0 0 0 0 12500 0 21771 0 154041 0 0 0 HUNTER ULF CHIEF OPERATING OFFICER 133356 0 0 0 0 0 13938 0 19391 0 166685 0 0 0 POLLY ANTOL DIRECTOR OF ADVANCEMENT 132514 0 0 0 0 0 14443 0 49426 0 196383 0 0 0 PAMELA CLARKE INTERIM HEAD OF SCHOOL 112466 0 0 0 0 0 7920 0 32653 0 153039 0 0 0 LINDSEY RATLIFF DIRECTOR OF ADMISSION 97648 0 0 0 0 0 10908 0 52988 0 161544 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 GAYLE SCHAFER MARKETING ASSOCIATE 28349 GAYLE SCHAFER, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE HEAD OF THE SCHOOL, MICHAEL J. SCHAFER. 0 THOMAS KARDEL TEACHER 66596 THOMAS KARDEL, AN EMPLOYEE OF THE SCHOOL, IS THE HUSBAND OF THE SCHOOL'S ASSISTANT HEADMASTER 0 X 1 55056 FMV X EQUIPMENT 2 15900 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 -755,432. ROUNDING 1.