2019-02-14T14:57:27-06:00 2018-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2017-07-01 060646805 THE RECTORY SCHOOL INC RECT 8609287759 528 POMFRET STREET POMFRET CT 06258 FREDERICK W WILLIAMS HEADMASTER 8609287759 2019-02-13 1 JOHN TOSCANO P00358542 9592007000 2019-02-12 209.59.242.22 2019-02-13 08:45:50 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F24B6D3385F3FA890345F252A724CA8B89BEABDE 2017 2019-02-21 02:37:17Z FREDERICK W WILLIAMS 528 POMFRET STREET POMFRET CT 06258 32461372 0 X WWW.RECTORYSCHOOL.ORG X 1935 CT TO PROVIDE STUDENTS, FROM EARLY CHILDHOOD THROUGH MIDDLE SCHOOL, WITH AN ENRICHED AND SUPPORTIVE ACADEMIC, SOCIAL AND ETHICAL COMMUNITY THAT ADDRESSES INDIVIDUAL LEARNING STYLES, APTITUDES AND NEEDS WHILE PROMOTING PERSONAL SELF-WORTH AND ACCOUNTABILITY. THE SCHOOL COMMUNITY LIVES THE RECTORY SCHOOL CREED: RESPONSIBILITY, RESPECT, HONESTY, AND COMPASSION. 21 21 182 0 0 0 1296208 2811732 12723334 13321165 653241 1420668 89506 107530 14762289 17661095 2159551 2391582 0 0 7671305 8102056 0 0 716899 4762544 5026899 14593400 15520537 168889 2140558 40104344 41395372 13149938 12500641 26954406 28894731 TO PROVIDE STUDENTS, FROM EARLY CHILDHOOD THROUGH MIDDLE SCHOOL, WITH AN ENRICHED AND SUPPORTIVE ACADEMIC, SOCIAL AND ETHICAL COMMUNITY THAT ADDRESSES INDIVIDUAL LEARNING STYLES, APTITUDES AND NEEDS WHILE PROMOTING PERSONAL SELF-WORTH AND ACCOUNTABILITY. 0 0 12191149 2391582 13373943 PROVIDE CO-EDUCATIONAL SERVICES AND SUPPORT TO APPROXIMATELY 247 STUDENTS IN GRADES 5 THROUGH 9 IN AN INDEPENDENT BOARDING AND DAY SCHOOL SETTING. 12191149 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 36 0 1 182 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X TONYA RAYMENT 8609286025 528 POMFRET STREET POMFRET CT 06258 BLAIR F BIGELOW TRUSTEE 1.00 X 0 0 0 LISA T CANTER MD TRUSTEE 1.00 X 0 0 0 DANIEL J DE NUCCIO TRUSTEE 1.00 X 0 0 0 NATHAN FOLLANSBEE TRUSTEE 1.00 X 0 0 0 GEORGE D GROOM SECRETARY 1.00 X X 0 0 0 LAURENCE N HALE II CHAIRMAN 1.00 X X 0 0 0 NATHANIEL P HAMILTON JR TRUSTEE 1.00 X 0 0 0 WILLIAM P LOFTUS III TRUSTEE 1.00 X 0 0 0 WILLIAM T LOOS TRUSTEE 1.00 X 0 0 0 JEFFREY LUPIENT TREASURER 1.00 X X 0 0 0 JOHN FRAMPTON MAYBANK JR TRUSTEE 1.00 X 0 0 0 PATRICIA MULCAHY TRUSTEE 1.00 X 0 0 0 JO ANN MORELLI SURIANO TRUSTEE 1.00 X 0 0 0 KATHLEEN R NAUMANN TRUSTEE 1.00 X 0 0 0 KATE R SALOP VICE CHAIR 1.00 X X 0 0 0 NATASHA HARVEY SWAN TRUSTEE 1.00 X 0 0 0 KEVIN M TUBRIDY TRUSTEE 1.00 X 0 0 0 MICHAEL WANG TRUSTEE 1.00 X 0 0 0 JOHNNY L L WELLS TRUSTEE 1.00 X 0 0 0 VAN H WILSHIRE TRUSTEE 1.00 X 0 0 0 ELIZABETH H ZIMMERMANN TRUSTEE 1.00 X 0 0 0 FREDERICK W WILLIAMS HEADMASTER 50.00 X 219232 0 83789 TONYA RAYMENT CHIEF FINANCIAL OFFICER 50.00 X 119864 0 22819 LISA HART DIRECTOR OF ACADEMICS 50.00 X 104207 0 68132 FRED NAGLE DIRECTOR OF DEVELOPMENT 50.00 X 122572 0 34598 565875 0 209338 4 0 1 0 FLIK INDEPENDENT SCHOOL DINING COMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 DINING SERVICES 696878 LUPACHINO & SALVATORE INC 15 NORTHWOOD DRIVE BLOOMFIELD CT 06002 CONSTRUCTION SERVICES 649660 E&R LAUNDRY & DRY CLEANERS 80 ROSS AVE MANCHESTER NH 03103 LAUNDRY SERVICES 143478 EAST COAST OUTDOOR LIVING LLC 776 GREENVILLE AVENUE JOHNSTON RI 02919 CONSTRUCTION SERVICES 126653 LEGENDS LIMOUSINE SERVICE 309 FLANDERS ROAD EAST LYME CT 06333 AIRPORT TRANSPORTATION FOR STUDENTS 105506 5 25928 2785804 202941 2811732 TUITION AND FEES 611710 12522206 12522206 AUXILIARY PROGRAMS 611710 798959 798959 13321165 270887 270887 15905405 14755624 1149781 1149781 1149781 5633 25928 7514 -1881 -1881 49082 37139 11943 11943 FEES, DEPOSITS AND OTHER INCOME 611710 97468 40835 56633 97468 17661095 13373943 0 1475420 2391582 2391582 419700 27761 280897 111042 71481 56470 11437 3574 5502330 4379396 805309 317625 252540 198911 37810 15819 1431353 1231425 193306 6622 424652 314577 85965 24110 21488 21488 61874 61874 102333 102333 298724 157306 141418 65800 512 65288 216091 1986 175820 38285 144975 108731 21746 14498 694005 589904 69401 34700 110938 37860 40512 32566 5767 5767 236823 213141 23682 1027958 925162 102796 113322 113322 FOOD 792798 792798 EXPERIENTIAL LEARNING 181362 181362 STUDENT SERVICES AND AC 180848 180848 EDUCATIONAL SUPPLIES AN 157944 157944 613849 243473 252318 118058 15520537 12191149 2612489 716899 4720015 4082000 1111561 1113735 528603 706084 99236 286025 16335 18047 86550 83634 34934259 16427288 18973807 18506971 14568237 16553166 0 45710 40104344 41395372 610071 529675 5688796 5401010 6463026 6291375 388045 278581 13149938 12500641 X 16448873 16417617 4048602 4049850 6456931 8427264 26954406 28894731 40104344 41395372 X 2140558 -241315 41082 X X 0 1 X 1 0 X 14497991 1743785 1056189 508000 16789965 12961359 453507 1558125 475000 14497991 12791290 1019888 -374819 475000 12961359 10273369 2947850 -104929 325000 12791290 9116589 293481 1188299 325000 10273369 0.32000 0.47000 0.21000 0 0 32208352 14332415 17875937 2199107 1672242 526865 526800 422631 104169 18506971 CUSTODIAL LIABILITIES 278581 278581 X 15011600 -241315 -2350500 -2591815 17603415 102333 -44653 57680 17661095 13071275 44653 44653 13026622 102333 2391582 2493915 15520537 PART V, LINE 4: EARNINGS FROM THE SCHOOL'S ENDOWMENT FUNDS ARE UTILIZED TO SATISFY DONOR RESTRICTIONS ON THE USE OF THE EARNINGS, IF ANY, AND TO SUPPORT THE SCHOOL'S OPERATIONS. PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "IRC") AND, AS SUCH, IS NOT SUBJECT TO FEDERAL OR STATE CORPORATION INCOME TAXES. THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2018 OR 2017. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2015 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE SCHOOL HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP AGREEMENT 157,832. FINANCIAL AID -2,391,582. PROVISION FOR UNCOLLECTIBLE PLEDGES -116,750. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -7,514. COST OF GOODS SOLD -37,139. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 37,139. SPECIAL EVENTS EXPENSE 7,514. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,391,582. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 STATEMENT OF NON-DISCRIMINATORY POLICY IS PUBLISHED IN LOCAL AND REGIONAL NEWSPAPERS AS WELL AS ON THE SCHOOL'S WEBSITE. GOLF TOURNAMENT 31561 25928 5633 5704 1810 31561 25928 5633 5704 1810 7514 -1881 1 1 FINANCIAL AID 79 0 2391582 FAIR VALUE FINANCIAL AID PART I, LINE 2: FINANCIAL AID IS GRANTED TO FAMILIES ON A NEED BASIS. APPLICATION FORMS MUST BE FILED WITH THE SCHOOL SCHOLARSHIP SERVICE OF PRINCETON, NEW JERSEY. X X X 1 0 X X X X X 0 0 0 0 0 0 0 1 0 FREDERICK W WILLIAMS HEADMASTER 198300 0 13000 0 7932 0 10620 0 73169 0 303021 0 0 0 LISA HART DIRECTOR OF ACADEMICS 103911 0 0 0 296 0 5132 0 63000 0 172339 0 0 0 FRED NAGLE DIRECTOR OF DEVELOPMENT 122221 0 0 0 351 0 6098 0 28500 0 157170 0 0 0 PART I, LINE 1A THE HEAD AND HEAD'S FAMILY MUST RESIDE IN THE HEADMASTER'S RESIDENCE IN ORDER FOR THE HEAD TO EFFECTIVELY PERFORM PRESCRIBED DUTIES, INCLUDING, BUT NOT LIMITED TO, PROVIDING STUDENTS AND TEACHERS OFF HOURS WITH ACCESS TO LOCKED BUILDINGS AND OTHER CAMPUS VENUES WHEN NECESSARY, PROVIDING CAMPUS OVERSIGHT DURING EVENINGS AND WEEKENDS AND VACATIONS, AND PROVIDING COVENIENT ADMINISTRATIVE PRESENCE AT SCHOOL EVENTS. THE HEAD'S OCCUPATION OF THIS RESIDENCE IS A CONDITION OF HIS EMPLOYMENT BY THE SCHOOL AND IS FOR THE CONVENIENCE OF THE SCHOOL. AS A REPRESENTATIVE OF THE SCHOOL, THE HEAD USES SAID HOUSE FOR MEETINGS OF DONORS, STUDENTS, TEACHERS, STAFF MEMBERS, ALUMNI, VISITING TEACHERS, SCHOLARS, TRUSTEES, AND SPEAKERS, AND FOR SUCH OTHER SCHOOL FUNCTIONS AND AFFAIRS AS SHALL BE APPROPRIATE FOR THE BEST INTEREST AND DEVELOPMENT OF THE SCHOOL. PART I, LINE 7 THE HEADMASTER IS ELIGIBLE FOR A DISCRETIONNARY BONUS BASED ON CERTAIN PERFORMANCE MEASURES AS DEFINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2012-01-05 7500000 REFUNDING OF SERIES A BONDS ISSUED NOV 2000 AND FOR BUILDINGS AND STRUCTURE 0 0 0 A 1035620 7500000 150000 7350000 1 0 1 1 A 0 0 0 0 1 1 RBS CITIZENS NA 10.000000000000 0 0 0 0 1 A 0 MARCIA WILLIAMS SPOUSE OF THE SCHOOL'S HEADMASTER 71481 COMPENSATION FOR DATABASE ADMINISTRATIVE SERVICES 0 X 3 202941 FAIR MARKET VALUE 0 0 1 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: THE SCHOOL MAINTAINS AN ACCOUNT WITH A FINANCIAL INSTITUTION THROUGH WHICH GIFTS OF APPRECIATED SECURITIES ARE LIQUIDATED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE PRIOR TO BEING PRESENTED TO THE FULL BOARD FOR ITS REVIEW AND APPROVAL. THE APPROPRIATE OFFICER OF THE SCHOOL IS INFORMED OF THE APPROVAL AND THE FORM IS FILED ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C THE IDENTIFICATION AND SUCCESSFUL RESOLUTION OF CONFLICTS AND POTENTIAL CONFLICTS DEPENDS ON COMPLETE AND TIMELY DISCLOSURE. DISCLOSURE WILL OCCUR THROUGH AN ANNUAL WRITTEN STATEMENT AND THE NOTIFICATION TO THE BOARD CHAIR OF OTHER ACTUAL OR POTENTIAL CONFLICTS, AS THEY ARISE. ALL FINANCIAL AND MATERIAL FACTS RELATING TO POTENTIAL CONFLICT OF INTERESTS SHALL BE DISCLOSED. ANNUALLY, EACH BOARD AND COMMITTEE MEMBER SHALL SIGN AND FILE A DISCLOSURE STATEMENT THAT SHALL BE KEPT WITH THE RECORDS OF THE BOARD. PRIOR TO APPOINTMENT, ALL FUTURE BOARD AND COMMITTEE MEMBERS SHALL DO LIKEWISE. SIGNING OF A DISCLOSURE STATEMENT ACKNOWLEDGES THAT A PERSON HAS RECEIVED, READ AND UNDERSTANDS, AND COMPLIES WITH THE POLICY AS IT RELATES TO MEMBERSHIP ON AND ACTIONS OF THE BOARD AND COMMITTEES. DISCLOSURE STATEMENTS SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE WHICH SHALL RECOMMEND ACTION BY THE BOARD, IF NECESSARY. WHENEVER A POTENTIAL CONFLICT ARISES THAT HAS NOT BEEN IDENTIFIED ON A DISCLOSURE FORM, IT SHALL BE DISCLOSED TO THE CHAIR OF TO THE EXECUTIVE COMMITTEE IN A TIMELY FASHION, AND MADE A PART OF THE RECORD OF THE BOARD. WHENEVER NECESSARY, THE BOARD SHALL TAKE APPROPRIATE ACTION WITH RESPECT TO PERSONS WHO ARE IN VIOLATION OF THIS POLICY. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER OF THE BOARD OR A COMMITTEE HAS FAILED TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS, EITHER IN WRITING OR, AT A LATER DATE, TO THE CHAIR, IT SHALL INFORM THE PERSON OF ITS BELIEF AND AFFORD THE PERSON AN OPPORTUNITY TO PROVIDE AN EXPLANATION. IF, AFTER HEARING THE EXPLANATION OF THE PERSON AND MAKING FURTHER INVESTIGATION DEEMED NECESSARY UNDER THE CIRCUMSTANCES, IT IS DECIDED THAT THE PERSON FAILED TO DISCLOSE IN A PROPER FASHION THE ACTUAL OR POTENTIAL CONFLICT, THE BOARD SHALL TAKE APPROPRIATE CORRECTIVE OR DISCIPLINARY ACTION. THE BOARD, THROUGH ITS EXECUTIVE COMMITTEE, SHALL UNDERTAKE PERIODIC REVIEWS TO DETERMINE COMPLIANCE WITH THIS POLICY. IT SHALL REPORT ITS FINDINGS TO THE FULL BOARD AND INCLUDE RECOMMENDATIONS FOR REVISION, WHERE NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL'S EXECUTIVE COMMITTEE REVIEWS THE SALARY AND BENEFITS OF THE HEADMASTER IN COMPARISON TO THE SALARIES OF THE HEADS OF SCHOOLS OF SIMILAR SIZE. THE HEADMASTER'S CONTRACT IS PRESENTED TO THE BOARD FOR OVERALL APPROVAL. THE HEADMASTER AND THE EXECUTIVE COMMITTEE REVIEW THE SALARY OF THE DIRECTOR OF FINANCE IN COMPARISON TO THE SALARIES OF INDIVIDUALS IN SIMILAR POSITIONS AT PEER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 157,832. PROVISION FOR UNCOLLECTIBLE PLEDGES -116,750. FORM 990 PART XII LINE 2C: THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.