2018-11-15T13:58:27-06:00 2018-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2017-07-01 020222147 KIMBALL UNION ACADEMY KIMB 6034693211 PO BOX 188 MERIDEN NH 037700188 ROBERT BLAKE CFO 6034693211 2018-11-14 1 W JAY SIMMS P00435321 6036530044 2018-11-13 216.107.201.226 2018-11-14 08:28:42 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7E797A795B2BB7BC55F5A79F99305C6DABDD9FB5 2017 2019-02-21 02:37:17Z ROBERT BLAKE MAIN STREET MERIDEN NH 03770 27124769 0 X WWW.KUA.ORG X 1813 NH SECONDARY EDUCATION 18 18 200 0 131694 -85019 1495083 5245194 19112278 19861052 1716751 978850 199601 192607 22523713 26277703 4242604 4973630 0 0 9036213 9661259 0 0 1014583 8692191 8807894 21971008 23442783 552705 2834920 82398001 88659658 28990040 30654683 53407961 58004975 KIMBALL UNION ACADEMY PREPARES STUDENTS FOR THE CHALLENGES OF TOMORROW'S WORLD BY INSPIRING ACADEMIC MASTERY, CREATIVITY, RESPONSIBILITY, AND LEADERSHIP. 0 0 20032325 4973630 19861052 PRIVATE HIGH SCHOOL THAT SERVES 253 BOARDING STUDENTS AND 86 DAY STUDENTS. 20032325 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 67 0 1 200 1 1 1 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 40.00 X 358006 0 120468 ROBERT BLAKE CFO 40.00 X 156328 0 40348 DAVID WEIDMAN ASSISTANT HEAD OF SCHOOL 40.00 X 104527 0 31484 HUNTER ULF CHIEF OPERATING OFFICER 40.00 X 125493 0 32712 POLLY ANTOL DIRECTOR OF ADVANCEMENT 40.00 X 115696 0 63120 860050 0 288132 5 0 1 0 SAGE DINING SERVICESINC 1402 YORK RD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 1319804 MAK'S TRUCKING & ESCAVATING 990 ROUTE 120 MERIDEN NH 03770 SNOW REMOVAL AND ROAD WORK 151243 EXPRESS CLEANING LLC 216 BUTTERNUT RD WHITE RIVER JUNCTION VT 05001 CLEANING 111974 VERMONT CUSTOM HOME IMPROVEMENTS 105 KIERMAN RD PERKINSVILLE VT 05151 ROOF INSTALLATION/REPAIRS 104816 4 5245194 292105 5245194 TUITION 611710 18472526 18472526 PROGRAM SUPPORT 611710 1187350 1187350 SUMMER PROGRAMS 611710 201176 201176 19861052 770473 770473 17580 0 17580 17580 17580 817017 2236 610876 0 206141 2236 208377 208377 201801 236190 -34389 -34389 CHILD CARE FEES - NON- 624410 91824 91824 CHILD CARE FEES - KUA 624410 77722 77722 ATHLETIC FACILITY RENT 713940 39870 39870 209416 26277703 19861052 131694 1039763 4973630 4973630 1115694 1115694 6622249 5486168 648746 487335 533938 418631 78136 37171 875531 662150 154588 58793 513847 348338 134579 30930 81715 81715 170977 170977 112155 112155 116848 37291 48125 31432 868714 868714 134774 67617 29747 37410 5113 1245 3868 505114 505114 2344693 2344693 124281 84991 39290 EDUCATIONAL EXPENSES 2244410 2202195 15650 26565 PLANT EXPENSE 606827 606827 SCHOOL- GENERAL 421072 417378 454 3240 DEVELOPMENT 365499 70138 295361 705702 654073 45283 6346 23442783 20032325 2395875 1014583 4743851 9338832 1501068 1221389 6681133 7732588 135512 159741 318245 370189 63929137 27252075 37556525 36677062 28818288 30397702 271739 300520 2371640 2461635 82398001 88659658 1366794 1224718 12021340 13738688 12074272 12924229 403270 399243 3124364 2367805 28990040 30654683 X 36251882 39511255 3382039 4489154 13774040 14004566 53407961 58004975 82398001 88659658 X 2834920 1064538 697556 X 0 1 X 1 0 X 29859377 173945 1770144 725000 31078466 27469130 114026 2946221 670000 29859377 23648168 3147294 1255668 582000 27469130 23664320 303432 180416 500000 23648168 20358559 866811 2903410 500000 23664320 0.46000 0.45000 0.09000 1 0 4184601 4184601 42126137 25120021 17006116 13459102 62155 13396947 3791595 2069899 1721696 367702 367702 36677062 CAPITAL LEASE 208848 RETIREMENT OBLIGATION 661856 DEFERRED COMPENSATION 151363 INTEREST RATE SWAP 1345738 2367805 X 23088442 1064538 -4082822 -3018284 26106726 170977 170977 26277703 18491428 236190 236190 18255238 170977 5016568 5187545 23442783 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 -4,973,630. INTEREST RATE SWAP 697,556. COST OF GOODS SOLD 236,190. BAD DEBT TEMP NA -42,938. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 236,190. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,973,630. BAD DEBT TEMP NA 42,938. 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 167 4973630 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 308006 0 50000 0 0 0 27000 0 93468 0 478474 0 0 0 ROBERT BLAKE CFO 156328 0 0 0 0 0 16140 0 24208 0 196676 0 0 0 HUNTER ULF CHIEF OPERATING OFFICER 125493 0 0 0 0 0 13150 0 19562 0 158205 0 0 0 POLLY ANTOL DIRECTOR OF ADVANCEMENT 115696 0 0 0 0 0 12650 0 50470 0 178816 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 12050000 14657301 232108 1069529 375193 930471 2015 0 0 0 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 ADMISSIONS ASSOCIATE 37521 GAYLE SCHAFER, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE HEAD OF THE SCHOOL, MICHAEL J. SCHAFER. 0 THOMAS KARDEL TEACHER 57605 THOMAS KARDEL, AN EMPLOYEE OF THE SCHOOL, IS THE HUSBAND OF THE SCHOOL'S ASSISTANT HEADMASTER 0 X 1 5000 FMV X 6 259360 FMV X EQUIPMENT 3 27746 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 A COMPENSATION 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 697,556. ROUNDING