2018-05-14T14:46:15-05:00 2017-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2016-07-01 060646961 Westover School INC WEST 2037582423 1237 WHITTEMORE ROAD MIDDLEBURY CT 067620847 JULIE FAULSTICH HEAD OF SCHOOL 2037582423 2018-05-14 1 JOHN TOSCANO P00358542 9592007000 2018-05-12 2016 2022-09-23 18:48:47Z JULIE FAULSTICH 1237 WHITTEMORE ROAD MIDDLEBURY CT 067620847 24413290 0 X www.westoverschool.org X 1909 CT THE MISSION OF WESTOVER SCHOOL IS TO PROVIDE AN ENVIRONMENT THAT INSPIRES THE INTELLECTUAL ARTIST, ATHLETE, AND PHILOSOPHER IN EACH STUDENT. WESTOVER CHALLENGES YOUNG WOMEN TO THINK INDEPENDENTLY, TO EMBRACE DIVERSITY, AND TO GROW INTELLECTUALLY AND SPIRITUALLY. 21 20 133 253 468206 -28010 2244067 3471240 9639227 9729943 3097531 293101 254844 558740 15235669 14053024 3579675 3634500 0 0 6846962 6975343 0 36731 1498221 5914578 5835097 16341215 16481671 -1105546 -2428647 85521295 106831434 13014581 28598283 72506714 78233151 THE MISSION OF WESTOVER SCHOOL IS TO PROVIDE AN ENVIRONMENT THAT INSPIRES THE INTELLECTUAL, ARTIST, ATHLETE, AND PHILOSOPHER IN EACH STUDENT. WESTOVER CHALLENGES YOUNG WOMEN TO THINK INDEPENDENTLY, TO EMBRACE DIVERSITY, AND TO GROW INTELLECTUALLY AND SPIRITUALLY. 0 0 11075365 3634500 9735813 The program services rendered are those associated with college prep institutions. These include: providing an environment suitable for the education, dormitory service, textbooks and supplies and athletic facilities including use of the facilities by other organizations for the same purpose. 11075365 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 61 0 1 133 1 1 1 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CT X KATHLEEN CHERY 2037582423 WHITTEMORE RD Middlebury CT 06762 ELEANOR ACHESON VICE PRESIDENT 1.00 X X 0 0 0 DOMENICK CALABRESE Board Member 1.00 X 0 0 0 CAROLINE DEMIRS CALIO Board Member 1.00 X 0 0 0 FREDERICK M CLARK Board Member 1.00 X 0 0 0 SUSAN CLARK PRESIDENT 1.00 X X 0 0 0 CHRISTINE MULDOWNEY DAHL Board Member 1.00 X 0 0 0 LISA DETWILER SECRETARY 1.00 X X 0 0 0 WILLIAM DONOVAN Board Member 1.00 X 0 0 0 JENNIFER GOLD Board Member 1.00 X 0 0 0 CAROL GOLDBURG Board Member 1.00 X 0 0 0 JUDITH LESAGE GRASSI TREASURER 1.00 X X 0 0 0 LILY HURLIMANN Board Member 1.00 X 0 0 0 ROBIN CRUZ MCCLEARN Board Member 1.00 X 0 0 0 MICHAEL PAOLUCCI Board Member 1.00 X 0 0 0 MOLLY A PARKER Board Member 1.00 X 0 0 0 DR DIVYA SINGH Board Member 1.00 X 0 0 0 C ELIZBETH SPENCER Board Member 1.00 X 0 0 0 STARR WHITE SNEAD Board Member 1.00 X 0 0 0 BLAIR D STAMBAUGH VICE PRESIDENT 1.00 X X 0 0 0 MAURA TANSELY Board Member 1.00 X 0 0 0 JULIE FAULSTICH HEAD OF SCHOOL 40.00 X X 245419 0 42743 Kathleen Chery Chief Operating officer 40.00 X 86971 0 31225 Barbara Sabia Director of Development 40.00 X 150548 0 34585 Stephen H Ladd former business manager 40.00 X 153681 0 14309 636619 0 122862 3 1 1 0 OMR Architects Inc 543 Massachusetts Ave Acton MA 01720 Design and Architecture 1842938 Aramark 1101 Market Street Philadelphia PA 19107 Food Services 1047352 American Enviromental Inc 18 Canal Street Holyoke MA 01040 Environmental testing and remediation 461762 All Phase Home Improvement 93 Melbourne Court Naugatuck CT 06770 renovation and construction services 163097 Cynthia Westerman 25 Seaver St Wellesley MA 02481 Project Mngr of Construction Project 143949 6 3471240 337809 3471240 Tuition and Fees 611600 9729943 9729943 9729943 785521 33086 752435 9865002 10357422 -492420 -492420 -492420 8714 2844 5870 5870 summer program 611710 435120 435120 other income 900099 117750 117750 552870 14053024 9735813 468206 377765 3634500 3634500 658997 40823 590959 27215 5004649 3207389 1129566 667694 284735 175334 65218 44183 634109 454639 117390 62080 392853 228068 117555 47230 161342 161342 61846 61846 36731 36731 107567 107567 244484 157691 73251 13542 170768 13373 156062 1333 160298 53230 79848 27220 302383 146810 85200 70373 566641 323284 163228 80129 200927 68248 72459 60220 31579 20580 10999 343171 195788 98855 48528 783241 446860 225623 110758 221831 131989 60260 29582 food services 1081855 1081855 capital expenditures 294366 167944 84796 41626 departmental supplies 272582 250735 21847 repairs and maintenance 253258 159152 63120 30986 576958 137653 351513 87792 16481671 11075365 3908085 1498221 432188 2766193 420045 1328590 1198044 116216 230236 540765 342398 47278 40412 158742 82643 43807704 14755394 23832647 29052310 57576198 41019357 511942 20660519 477121 499608 11019277 85521295 106831434 1079224 2727268 1522655 1568834 6965000 20811513 3094909 3000000 111988 118389 240805 372279 13014581 28598283 X 24467811 16291063 1524858 16605038 46514045 45337050 72506714 78233151 85521295 106831434 X -2428647 8972925 -477952 -339889 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57576151 624029 9196831 2878808 64518203 63615379 275963 -3036155 2767047 58088140 63102121 3039304 1258617 3784663 63615379 55073234 4536271 7686416 4193800 63102121 50170884 3784420 5990437 3338789 56606952 0.08100 0.67500 0.24400 0 0 1047600 1047600 29723907 11269356 18454551 3048543 2412635 635908 9987654 1073403 8914251 29052310 alternative investments 20660519 F 20660519 Funds Held by Bond TTEE 11019277 11019277 LIABILITY UNDER SPLIT INTEREST AGREEMENT 372279 372279 X 18636630 8972925 32770 9005695 9630935 107567 4314522 4422089 14053024 12432241 2844 2844 12429397 107567 3944707 4052274 16481671 Part X, Line 2: The School had no uncertain tax positions at June 30, 2017. The School's federal information returns prior to fiscal year 2014 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 statement of financial position. Part XI, Line 2d - Other Adjustments: provision for uncollectible contributions receivable 29,926. cost of goods sold 2,844. Part XI, Line 4b - Other Adjustments: financial aid 3,634,500. loss on defeasance 337,676. summer program expenses 235,207. provision for losses on student loans 75,000. change in value of split-interest agreements 32,139. Part XII, Line 2d - Other Adjustments: cost of goods sold 2,844. Part XII, Line 4b - Other Adjustments: FINANCIAL AID 3,634,500. summer program expenses 235,207. provision for losses on student loans 75,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 the school's racially nondiscriminatory policy is included in brochures and catalogs pertaining to student admissions, programs and scholarships. it is also published in various NEWSPAPER ADVERTISING. Central America and the Caribbean 0 0 investments 13800000 0 0 0 0 0 0 13800000 0 13800000 0 0 1 1 1 0 part I, line 3 the investments reported in this section relate to holdings included in the School's endowment portfolio. X X X 0 grenzebach glier and associates inc po box 775324 chicago IL 60677 development consulting services 0 0 36731 0 36731 1 FINANCIAL AID AND SCHOLARSHIPS 131 3634500 cash value financial aid and scholarships applied to the students' accounts. Part I, Line 2: Financial assistance is available in the form of need-based aid and payment plans. An objective needs-analysis system is used by the School as a basic guideline to provide consistency in assessing need. Westover subscribes to the principals and services of the School and Student Service for Financial Aid (SSS). X X 0 0 1 0 0 0 0 0 0 0 1 0 JULIE FAULSTICH HEAD OF SCHOOL 245419 0 0 0 0 0 17500 0 25243 0 288162 0 0 0 Barbara Sabia Director of Development 150548 0 0 0 0 0 10864 0 23721 0 185133 0 0 0 Stephen H Ladd former business manager 0 0 0 0 153681 0 6540 0 7769 0 167990 0 0 0 Part I, Line 4a the amount reported in part II for Stephen H. Ladd represents payment in accordance with his severance agreement through the calendar year ended December 31, 2016. PART 1, LINE 1A: THE SCHOOL PROVIDES HOUSING FOR THE HEAD OF SCHOOL and various other members of management SO THAT THEY MAY PERFORM THEIR DUTIES AND BE AVAILABLE FOR FUNDRAISING AND OTHER SOCIAL ACTIVITIES ASSOCIATED WITH A PRIVATE SECONDARY boarding SCHOOL. PERSONAL SERVICES ARE PROVIDED FOR THE UPKEEP AND MAINTENANCE OF THE RESIDENCE AND ITS GROUNDS. A CT HEALTH & EDUCATIONAL FACILITIES - SERIES C & D 060806186 2017-06-13 21330000 FUNDING THE RENOVATION OF MAIN BLDG & CONSTRUCTION OF NEW STUDENT CENTER 0 1 0 A 21330000 6710355 199372 14420273 1 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 X 11 337809 FMV 0 1 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 which is used to liquidate gifts of marketable securities. Form 990, Part VI, Section B, line 11b FORM 990 IS REVIEWED BY THE school's chief operating officer and controller. a complete draft, excluding Schedule B, is MADE AVAILABLE TO THE entire BOARD prior to filing. Form 990, Part VI, Section B, line 12c THE TRUSTEES, officers AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST POLICY. any matters disclosed are reviewed and resolved by the executive leadership of the board. Form 990, Part VI, Section B, line 15a THE SCHOOL HAS A COMPENSATION COMMITTEE THAT IS CHAIRED BY THE PRESIDENT OF THE BOARD OF TRUSTEES. THE COMMITTEE REVIEWS STATISTICAL DATA FROM THE NATIONAL ASSOCIATION of INDEPENDENT SCHOOLS AND SURVEYS OF CT INDEPENDENT SCHOOLS TO PROVIDE COMPARATIVE DATA. IN DETERMINING COMPENSATION, A PERFORMANCE REVIEW IS ALSO COMPLETED. THE RESULTS ARE documented IN WRITING and forwarded TO THE chief operating officer. A COPY IS MAINTAINED IN THE individuals' PERSONNEL FILE. Form 990, Part VI, Section C, line 19 the school makes these documents available upon request. Form 990, Part XI, line 9: change in value of split-interest agreements -32,139. LOSS ON DEFEASANCE -337,676. provision for uncollectible contributions receivable 29,926. form 990, part XII, line 2c: The Organization has not changed its oversight or selection processes during the tax year. WESTOVER WATER INC 1237 WHITTEMORE RD MIDDLEBUY CT 06762 WATER UTILITY CT N/A C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0