2017-11-07T13:38:22-06:00 2017-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPA PC 19 MORGAN DRIVE LEBANON NH 03766 990 2016-07-01 020222147 KIMBALL UNION ACADEMY KIMB 6034693211 PO BOX 188 MERIDEN NH 037700188 ROBERT BLAKE CFO 6034693211 2017-10-20 1 W JAY SIMMS P00435321 6036530044 2017-10-18 2016 2022-09-23 18:48:47Z ROBERT BLAKE MAIN STREET MERIDEN NH 03770 23456177 0 X WWW.KUA.ORG X 1813 NH SECONDARY EDUCATION 16 15 208 0 117337 -90070 4726852 1495083 18160214 19112278 876064 1716751 185265 199601 23948395 22523713 3962003 4242604 0 0 8764436 9036213 0 0 954453 8852129 8692191 21578568 21971008 2369827 552705 74566993 82398001 24608503 28990040 49958490 53407961 KIMBALL UNION ACADEMY PREPARES STUDENTS FOR THE CHALLENGES OF TOMORROW'S WORLD BY INSPIRING ACADEMIC MASTERY, CREATIVITY, RESPONSIBILITY, AND LEADERSHIP. 0 0 19003072 4242604 19112278 PRIVATE HIGH SCHOOL THAT SERVES 250 BOARDING STUDENTS AND 93 DAY STUDENTS. 19003072 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 54 0 1 208 1 1 1 0 0 0 0 0 0 0 0 0 X 16 15 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 MICHAEL SCHAFER HEAD OF SCHOOL 40.00 X 348297 0 115457 ROBERT BLAKE CFO 40.00 X 155269 0 38713 DAVID WEIDMAN ASSISTANT HEAD OF SCHOOL 40.00 X 100833 0 28002 HUNTER ULF CHIEF OPERATING OFFICER 40.00 X 119344 0 31282 723743 0 213454 4 0 1 0 PREFERRED MECHANICAL SERVICESINC 223 CENTER STREET PEMBROKE MA 02359 CONSTRUCTION 1656990 SAGE DINING SERVICESINC 1402 YORK RD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 1407135 ESTES & GALLUP PO BOX 240 LYME NH 03768 CONSTRUCTION 1072041 THE SLAM COLLABORATIVEINC SOMERSET SQ 80 GLASTONBURY BLVD GLASTONBURY CT 06033 DESIGN AND PROFESSIONAL SERVICES 187274 DR MAX CLEANINGINC 3 HAWTHORNE AVE WEST LEBANON NH 03784 CLEANING 182360 5 1495083 122187 1495083 TUITION 611710 17818717 17818717 PROGRAM SUPPORT 611710 1076627 1076627 SUMMER PROGRAMS 611710 216934 216934 19112278 787366 787366 8862 0 8862 8862 8862 1357098 290761 713327 5147 643771 285614 929385 929385 186118 213990 -27872 -27872 CHILD CARE FEES - KUA 624410 101274 101274 CHILD CARE FEES - NON- 624410 82917 82917 ATHLETIC FACILITY RENT 713940 34420 34420 218611 22523713 19112278 117337 1799015 4242604 4242604 887227 887227 6126315 5289237 370818 466260 480914 411465 33197 36252 1054169 818475 163583 72111 487588 367841 87339 32408 67421 67421 158556 158556 152932 152932 116651 27685 53054 35912 840717 840717 139369 83534 16962 38873 13448 2622 10826 501733 501733 2272517 2272517 112936 68905 44031 EDUCATIONAL EXPENSES 2234592 2180251 18173 36168 PLANT EXPENSE 702430 702430 SCHOOL- GENERAL 464476 238864 221981 3631 DEVELOPMENT 279654 51474 228180 634759 591230 38871 4658 21971008 19003072 2013483 954453 4977740 4743851 2000925 1501068 961978 6681133 138822 135512 222464 318245 62910527 25354002 36350132 37556525 25598293 28818288 2094434 271739 2222205 2371640 74566993 82398001 1676818 1366794 6095963 12021340 12279566 12074272 442344 403270 4113812 3124364 24608503 28990040 X 30694674 36251882 4998450 3382039 14265366 13774040 49958490 53407961 74566993 82398001 X 552705 1697977 1198789 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29489099 114026 2287722 670000 31220847 25668137 3147294 1255668 582000 29489099 25684289 303432 180416 500000 25668137 22378528 866811 2903410 500000 25684289 14253374 7159012 1466142 500000 22378528 0.49000 0.44000 0.07000 1 0 4184601 4184601 41522064 23303248 18218816 12486012 44846 12441166 3745978 2005908 1740070 971872 971872 37556525 CAPITAL LEASE 361265 RETIREMENT OBLIGATION 581856 DEFERRED COMPENSATION 137949 INTEREST RATE SWAP 2043294 3124364 X 21233308 1697977 -2829826 -1131849 22365157 158556 158556 22523713 17783837 213990 213990 17569847 158556 4242604 4401160 21971007 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 -4,242,604. INTEREST RATE SWAP 1,198,788. COST OF GOODS SOLD 213,990. ROUNDING PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 213,990. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,242,604. 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 148 4242604 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 298297 0 50000 0 0 0 26500 0 88957 0 463754 0 0 0 ROBERT BLAKE CFO 155269 0 0 0 0 0 15000 0 23713 0 193982 0 0 0 HUNTER ULF CHIEF OPERATING OFFICER 119344 0 0 0 0 0 12500 0 18782 0 150626 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 1760878 2015 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 UNITED BANK 10.000000000000 0 0 0 0 0 A 1 GAYLE SCHAFER ADMISSIONS ASSOCIATE 31853 GAYLE SCHAFER, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE HEAD OF THE SCHOOL, MICHAEL J. SCHAFER. 0 THOMAS KARDEL TEACHER 56563 THOMAS KARDEL, AN EMPLOYEE OF THE SCHOOL, IS THE HUSBAND OF THE SCHOOL'S ASSISTANT HEADMASTER 0 X 7 122187 FMV 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 REVIEW THE FORM 990 WITH THE ORGANIZATION'S AUDIT COMMITTEE IN DETAIL. THE AUDIT COMMITTEE CHAIR THEN BRIEFS THE BOARD ON THE KEY ELEMENTS OF THE FORM 990 AND PROVIDES THE BOARD MEMBERS WITH A COPY OF THE FORM 990 PRIOR TO ITS 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 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 1,198,788. ROUNDING 1.