2019-05-10T08:40:45-05:00 2018-06-30 061009205 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FLOOR BOSTON MA 02110 990 2017-07-01 060646888 SALISBURY SCHOOL INC SALI 8604355711 251 CANAAN RD SALISBURY CT 06068 MARK SCHMIDT BUSINESS MANAGER 8604355711 2019-05-10 1 LAURA J KENNEY P00202198 6177170831 2019-05-09 64.251.63.131 2019-05-10 00:13:28 ED P 7B14BF2BF8F8AC217E314A41F868DB69370B8F6F C2A8F68C24BA4106533A6CD8C72FD917E7C6626D 2017 2019-02-21 02:37:17Z MARK SCHMIDT 251 CANAAN RD SALISBURY CT 06068 31186864 0 X WWW.SALISBURYSCHOOL.ORG X 1901 CT EDUCATION:SALISBURY SCHOOL IS AN INDEPENDENT BOY'S SECONDARY SCHOOL(GRADES 9 THROUGH 12) FOR BOARDING AND DAY STUDENTS. THESCHOOL RECRUITS STUDENTS FROM AROUND THE WORLD. 24 24 223 0 45787 0 3351368 6564857 19918469 20621117 2015147 3734037 271699 230349 25556683 31150360 4323150 4006565 0 0 10834589 11689982 0 0 1619409 10730716 10912873 25888455 26609420 -331772 4540940 225253100 184619023 105476644 56768042 119776456 127850981 EDUCATION:SALISBURY SCHOOL IS AN INDEPENDENT BOY'S SECONDARY SCHOOL (GRADES 9 THROUGH 12) FOR BOARDING AND DAY STUDENTS. THE SCHOOL RECRUITS FROM AROUND THE WORLD. 0 0 20705516 4006565 20488791 SALISBURY SCHOOL IS AN INDEPENDENT BOY'S SECONDARY SCHOOL(GRADES 9 THROUGH 12) FOR BOARDING AND DAY STUDENTS 165632 370250 SALISBURY SUMMER SCHOOL IS AN INDEPENDENT READING ANDENGLISH CO-ED SUMMER SCHOOL (GRADES 8 THROUGH 12) 20871148 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 66 0 223 1 1 1 0 0 0 0 1 1 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X JOSEPHINE LEARY 8604355711 251 CANAAN RD SALISBURY CT 06068 JOHN W CHILDS TRUSTEE 1.00 X 0 0 0 DONNA CORBAT TRUSTEE 1.00 X 0 0 0 NATHANIEL B DAY TRUSTEE 1.00 X 0 0 0 MICHAEL GANS TRUSTEE 1.00 X 0 0 0 JAMES W GERARD TRUSTEE 1.00 X 0 0 0 LEE B SPENCER JR CHAIRMAN 1.00 X X 0 0 0 PETER GROSS TRUSTEE 1.00 X 0 0 0 KENNETH HANAU TRUSTEE 1.00 X 0 0 0 ANNE HARRIS TRUSTEE 1.00 X 0 0 0 PATRICIA ISEN TRUSTEE 1.00 X 0 0 0 CAMPBELL LANGDON TRUSTEE 1.00 X 0 0 0 DAVID LEAVY TRUSTEE 1.00 X 0 0 0 CHARLES LYNCH SECRETARY 1.00 X X 0 0 0 DANA MACY TRUSTEE 1.00 X 0 0 0 RICHARD E RIEGAL III TRUSTEE 1.00 X 0 0 0 T WILLIAMS ROBERTS III VICE CHAIRMAN AND TREASURER 1.00 X X 0 0 0 THOMAS D RUTHERFORD JR TRUSTEE 1.00 X 0 0 0 AMANDA D RUTLEDGE TRUSTEE 1.00 X 0 0 0 J WOOD RUTTER TRUSTEE 1.00 X 0 0 0 J ANTON SCHIFFENHAUS TRUSTEE 1.00 X 0 0 0 KATHERINE SHEPHERD TRUSTEE 1.00 X 0 0 0 WILLIAM SOUDER TRUSTEE 1.00 X 0 0 0 JAMES P TOWNSEND TRUSTEE 1.00 X 0 0 0 MARITA K WONG TRUSTEE 1.00 X 0 0 0 CHISHOLM CHANDLER HEADMASTER 40.00 X 366338 0 140632 MARK SCHMIDT CHIEF FINANCIAL OFFICER 40.00 X 225058 0 43357 HAROLD BROWN DIRECTOR OF DEVELOPMENT 40.00 X 220009 0 50055 ROBERT WYNNE DIR. OF COLLEGE ADV 40.00 X 141690 0 110132 PETER GILBERT DIRECTOR OF ADMISSIONS 40.00 X 139688 0 105484 ANTHONY FRAENKEL DIRECTOR OF DINING SERVICES 40.00 X 121466 0 38437 JOSEPHINE LEARY CONTROLLER 40.00 X 133013 0 13287 WILLIAM BOYER DIRECTOR OF BUILDINGS AND 40.00 X 103980 0 41765 1451242 0 543149 8 0 1 0 UNITED CONSTRUCTION AND ENGINEERING INC PO BOX 1088 TORRINGTON CT 06790 CONSTRUCTION 1662144 HUESTIS TUCKER ARCHITECTS LLC 15 RESEARCH DRIVE WOODBRIDGE CT 06525 ARCHITECTS 231363 RR HILTBRAND CONSTRUCTION LLC 575 NORTH MAIN STREET BRISTOL CT 06010 CONSTRUCTION 228628 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 02241 INVESTMENT ADVISORS 200000 4 27500 6537357 696540 6564857 STUDENT TUITION & FEES 611600 19279475 19279475 AUXILIARY SERVICES 611600 971392 971392 SUMMER SCHOOL PROGRAM 611600 370250 370250 20621117 838740 -19507 858247 2895361 64 2895297 2895297 -64 2895361 28865 27500 36440 -7575 -7575 OTHER REVENUES 999999 237924 172566 65358 237924 31150360 20793683 45787 3746033 4006565 4006565 1059613 527073 282093 250447 7545399 5243697 1747315 554387 554937 332352 154328 68257 1939051 1467993 324057 147001 590982 418796 120625 51561 34290 34290 35915 35915 429652 429652 631566 385964 89686 155916 53761 39680 12637 1444 439677 140247 236810 62620 287870 74267 140560 73043 1782230 1502094 274898 5238 162663 6357 87444 68862 72153 27428 18435 26290 1445552 1445552 2750955 2750955 255787 247500 2762 5525 STUDENT INCIDENTALS 2081598 1869975 102869 108754 SUPPLIES 420448 369646 18564 32238 GENERAL EXPENSES 28756 15007 5923 7826 26609420 20871148 4118863 1619409 1263111 730539 15953117 13483084 2474234 3241033 100126 156374 188677 152646 678654 745509 108603144 40350538 68327043 68252606 8293240 11142699 42716349 45783712 85258549 40930821 225253100 184619023 2746983 2600671 8120589 8572916 47034000 45594455 33863 0 47541209 0 105476644 56768042 X 47605068 43035484 72171388 84815497 119776456 127850981 225253100 184619023 X 4540940 313597 -3807728 7027716 X 0 1 X 1 0 X 8553239 12599247 4391448 3351368 6564857 35460159 8553239 12599247 4391448 3351368 6564857 35460159 1023879 34436280 927408 872748 661011 548290 838740 3848197 39308356 98165550 0.87610 X 60275 60275 X X X 84199006 795530 3483085 851927 1845991 28375611 57404092 80530800 340806 6418972 2685732 405840 84199006 91675718 -6238580 -2157052 2405172 344114 80530800 85114115 8995430 131286 2228816 336297 91675718 76832690 3296357 7407150 2077149 344933 85114115 0.35350 0.50450 0.14200 0 0 1306500 1306500 102171327 37006606 65164721 4453691 3343932 1109759 671626 671626 68252606 CLEARWATER FUND II 305082 F SANKATY CREDIT 70066 F DUNE REAL ESTATE II 556906 F REGIMENT 203769 F YORK 2100381 F HOPLITE 2581068 F DUNE REAL ESTATE 60844 F SOUTHPOINT 2035288 F BURGUNDY 3501293 F TWO SIGMA 4297042 F BRECKINRIDGE 2833323 F GQG 5550593 F LEGAL & GENERAL 3223512 F MAHOUT 2357849 F KABOUTER INT'L OPPORTUNITIES 1816836 F KEMPNER INTERNATIONAL FUND 2724138 F DISCOVERY GLOBAL OPPORTUNITIES FUND 1546156 F MINERAL ACQUISITION PARTNERS, INC 1420256 F COMMON FUND - CAPITAL PARTNERS 1999 44574 F SANDERSON INTERNATION FUND 5244757 F OZ OVERSEAS FUND II 8360 F ALPHADYNE 1139851 F MW EUREKA 2000000 F LEVEL STRUCTURED 8744 F TRIVE CAPITAL 3066 F GREENSPRING 149958 F 45783712 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 40904144 DEPOSITS 26677 40930821 33771163 313597 7027716 7341313 26429850 4720510 4720510 31150360 21888910 0 21888910 4720510 4720510 26609420 PART III, LINE 4: THE SCHOOL'S LIBRARY RECEIVED A SHAKESPEARE BOOK COLLECTION DONATION TO BE USED FOR EDUCATIONAL PURPOSES. PART V, LINE 4: THE INTENDED USE OF THE SCHOOL'S ENDOWMENT IS TO SUPPORT THE OPERATIONS OF THE SCHOOL INCLUDING SCHOLARSHIPS TO STUDENTS AND PROFESSIONAL DEVELOPMENT TO FACULTY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE TRUSTS 7,027,716. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,720,510. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,720,510. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 LINE 3 STATEMENT OF NON-DISCRIMINATORY POLICY WAS PUBLISHED IN THE HARTFORD COURANT. NORTH AMERICA PROGRAM SERVICES RECRUITING 895 EAST ASIA AND THE PACIFIC PROGRAM SERVICES RECRUITING 37452 CENTRAL AMERICAN AND CARRIBEAN INVESTMENTS 18809747 0 0 0 0 0 0 18848094 0 18848094 1 0 1 0 0 0 FALL GOLF CLASSIC 56365 27500 28865 28750 7690 56365 27500 28865 28750 7690 36440 -7575 1 FINANCIAL AID 108 4006565 FINANCIAL AID FINANCIAL AID PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY SCHOOL AND STUDENT SERVICES (SSS) GUIDELINES WHICH PROVIDES A FINANCIAL AID NEED ANALYSIS BASED ON CONFIDENTIAL INFORMATION PROVIDED BY FAMILIES. THE SCHOLARSHIPS ARE AWARDED ON 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 X X 1 1 X X X 0 1 0 0 0 0 0 0 0 CHISHOLM CHANDLER HEADMASTER 353538 0 0 0 12800 0 92000 0 48632 0 506970 0 0 0 MARK SCHMIDT CHIEF FINANCIAL OFFICER 225058 0 0 0 0 0 11875 0 31482 0 268415 0 0 0 HAROLD BROWN DIRECTOR OF DEVELOPMENT 220009 0 0 0 0 0 10125 0 39930 0 270064 0 0 0 ROBERT WYNNE DIR. OF COLLEGE ADV 141690 0 0 0 0 0 15200 0 94932 0 251822 0 0 0 PETER GILBERT DIRECTOR OF ADMISSIONS 139688 0 0 0 0 0 14650 0 90834 0 245172 0 0 0 ANTHONY FRAENKEL DIRECTOR OF DINING SERVICES 101466 0 0 0 20000 0 10988 0 27449 0 159903 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES ON-CAMPUS HOUSING AND HOUSEKEEPING SERVICES TO THE HEADMASTER. THESE ARE NOT TREATED AS TAXABLE INCOME. THE SCHOOL ALSO PROVIDES CLUB DUES WHICH ARE REPORTED AS TAXABLE INCOME TO THE HEADMASTER. THE SCHOOL ALSO PROVIDES HOUSING TO OTHER LISTED EMPLOYEES, HAROLD BROWN, ROBERT WYNNE AND PETER GILBERT, WHICH IS NOT TREATED AS TAXABLE INCOME. PART I, LINE 4B THE HEADMASTER PARTICIPATES IN A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN. THE PLAN AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AND WILL VEST ON JUNE 30, 2021 IF THE HEADMASTER IS CONTINUOUSLY EMPLOYED BY THE SCHOOL THROUGH THAT DATE. A CHEFA 060806186 20774UYH2 2015-12-31 48194000 DEFEASE SERIES C 0 0 0 A 2192000 48194000 30249 465379 47684654 2009 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 1 1 0 0 0 0 0 A 0 SCH K, PART IV, LINE 2C THE SCHOOL RECEIVED A LETTER DATED JUNE 11, 2018 FROM CHEFA THAT CHEFA COMPLETED AN ARBITRAGE REBATE CALCULATION AND NO REBATE IS DUE. X 35 636265 FMV X 1 60275 APPRAISAL 1 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY TAX ADVISORS WITH INFORMATION PROVIDED BY MANAGEMENT. IT IS REVIEWED BY THE CFO, CONTROLLER AND AUDIT COMMITTEE. THE AUDIT COMMITTEE THEN MAKES ANY CHANGES AND APPROVES THE FORM 990. A COPY OF THE FORM 990 EXCLUDING SCHEDULE B, DONOR INFORMATION, IS PROVIDED TO ALL TRUSTEES BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED AT THE ANNUAL BOARD MEETING. THE SCHOOL ANNUALLY CERTIFIES THAT THERE ARE NO CONFLICTS. THE CONFLICT OF INTEREST POLICY COVERS TRUSTEES. THE SCHOOL'S EMPLOYEE POLICY AND PROCEDURE MANUAL INCLUDES A CONFLICT OF INTEREST POLICY THAT COVERS OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS OFFICER AND KEY EMPLOYEE COMPENSATION ANNUALLY AND PRESENTS A RECOMMENDATION AT THE SPRING MEETING. ABOPS COMPENSATION DATA IS USED FOR COMPARABILITY STUDIES. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AND ARE ON FILE IN THE BUSINESS OFFICE OF THE SCHOOL. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE TRUSTS 7,027,716. SCHEDULE D, PART V, LINE 1F THIS ENDOWMENT AMOUNT INCLUDES A PRIOR YEAR ACCOUNTING RESTATEMENT REGARDING RECLASSIFICATION OF CHARITABLE REMAINDER TRUSTS.