2018-05-02T11:46:23-05:00 2017-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2016-07-01 060655480 AVON OLD FARMS SCHOOL INC AVON 8604044100 500 OLD FARMS ROAD AVON CT 06001 ROBERT A ORENSTEIN chief financial officer 8604044100 2018-05-01 1 JOHN TOSCANO P00358542 9592007000 2018-04-11 209.3.217.20 2018-05-01 12:19:41 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 896C1F5B5D42EC59A37A0D46A5820AA48C1A79ED 2016 2021-01-29 14:40:06Z kenneth h larocque 500 OLD FARMS ROAD AVON CT 06001 46009038 0 X WWW.AVONOLDFARMS.COM X 1927 CT TO BE THE BEST SCHOOL FOR BOYS BY CULTIVATING YOUNG MEN OF INTEGRITY AND BY PROVIDING A STRUCTURED, SUPPORTIVE, LEARNING ENVIRONMENT THAT ENCOURAGES SELF-DISCOVERY AND SOCIAL RESPONSIBILITY. 24 24 246 0 137867 -46217 9306546 7356766 22038983 22493900 538064 2049056 1268768 1205494 33152361 33105216 4253298 4451766 0 0 14155081 14393638 314500 108000 2414125 9779039 10071603 28501918 29025007 4650443 4080209 115211978 123310014 39043191 37821629 76168787 85488385 AVON OLD FARMS SCHOOL STRIVES TO BE THE BEST COLLEGE PREPARATORY SCHOOL FOR BOYS BY CULTIVATING YOUNG MEN OF INTEGRITY, WHO HONOR WISDOM, JUSTICE, INCLUSION, SERVICE, AND THE PURSUIT OF TRUTH. 0 0 22228052 4451766 22926143 INDEPENDENT SECONDARY SCHOOL WITH 306 BOARDING STUDENTS AND 99 DAY STUDENTS. 22228052 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 127 0 1 246 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROBERT A ORENSTEIN 8604044103 500 Old Farms Road Avon CT 06001 William P Austin Co-Vice Chairman 1.00 X X 0 0 0 Brett Browchuk Director 0.50 X 0 0 0 Andrew Caputo Director 0.50 X 0 0 0 Martin I Cole Chairman 1.00 2.00 X X 0 0 0 James W Corrigan Director 0.50 X 0 0 0 Maria de la Cruz Director 0.50 X 0 0 0 J Stratford R Dennis Director 0.50 X 0 0 0 Chris Drew Secretary 1.00 2.00 X X 0 0 0 John Edwards Director 0.50 X 0 0 0 Jerold T Garvey out-going Director 0.50 X 0 0 0 Dee Gordon Director 0.50 X 0 0 0 Richard H Gordon Director 0.50 X 0 0 0 Dean C Graham Director 0.50 2.00 X 0 0 0 Clayton Johnson Director 1.00 X 0 0 0 Neal Keating Director 0.50 X 0 0 0 John Maxwell Director 0.50 X 0 0 0 Wade L McDevitt Director 0.50 X 0 0 0 Brendan L McKernan Co-Vice Chairman/Treasurer 1.00 X X 0 0 0 Andre Napoli out-going Director 0.50 X 0 0 0 John A Nolan Director 0.50 X 0 0 0 Kathryn A Ordway Director 0.50 X 0 0 0 Henry B Smith Director 0.50 X 0 0 0 Janice Story Director 0.50 X 0 0 0 Norbert Williamson Director 0.50 X 0 0 0 Kenneth Winemaster Director 0.50 X 0 0 0 Linda Preston Woodwell Director 0.50 X 0 0 0 Kenneth H LaRocque Headmaster 50.00 X 384797 0 104963 Robert A Orenstein CFO 50.00 X 219074 0 64467 John T Gardner Associate Headmaster 50.00 X 187692 0 72701 Peter M Evans Principle Gifts Officer 50.00 X 127918 0 61294 Jacqueline Morr Controller 50.00 X 111075 0 83131 Debra Case Director of Technology 50.00 X 109467 0 36945 Jim Detora Director of Developmnet 50.00 X 129699 0 62500 1269722 0 486001 11 0 1 0 Petra Construction 98 Rebeschi Drive North Haven CT 06473 Construction Services 1552582 Flik PO Box 417632 Boston MA 022417632 Food Supplier 1310481 Talcott View Development 11 Lordship Road East Granby CT 06026 Contruction Services 366856 E & R Laundry 80 Ross Avenue Manchester NH 03103 Laundry Service 275097 Ludowici Roof Tile PO Box 69 New Lexington OH 43764 Roof tile supplier 195972 12 66683 7290083 702357 7356766 Tuition and fees 611110 22339794 22339794 summer school tuition 611110 107500 107500 learning center revenu 611110 46606 46606 22493900 914581 914581 108583 0 108583 108583 108583 13789759 12655284 1134475 1134475 1134475 90352 66683 47442 42910 42910 332269 201096 131173 131173 summer camp tuitions 611710 384704 246837 137867 HOCKEY RINK and squash 713910 339634 339634 miscellaneous income 900099 116737 116737 81753 54233 27520 922828 33105216 22926143 137867 2684440 4451766 4451766 757445 231397 387211 138837 8966885 6265575 1582243 1119067 1083701 761234 184320 138147 2872494 1943829 556997 371668 713113 477786 142623 92704 48180 48180 60182 60182 108000 108000 104660 104660 1385776 1266120 107699 11957 54435 6570 44952 2913 447959 143650 215302 89007 446124 289981 111531 44612 2023249 1719762 202325 101162 456175 238429 116340 101406 946520 851868 94652 1992968 1793671 199297 STUDENT SUPPLIES AND EX 710480 691550 14344 4586 FOOD SERVICE 624361 582927 18501 22933 STUDENT ACTIVITIES 163541 163541 MISCELLANEOUS EXPENSES 157585 80280 63142 14163 449408 268116 128329 52963 29025007 22228052 4382830 2414125 1695488 1290661 7012740 8935690 7855593 8028586 33753 4137 1000 69333 72646 126532 294212 109012456 54233207 53934315 54779249 44055531 49491131 427693 413702 115211978 123310014 709993 545777 10264157 11569186 23220000 22486000 4849041 3220666 39043191 37821629 X 55640971 62067266 9506108 12085315 11021708 11335804 76168787 85488385 115211978 123310014 X 4080209 4359311 880078 X X 0 1 X 1 0 X 4664550 4116555 4049051 9306546 7356766 29493468 4664550 4116555 4049051 9306546 7356766 29493468 1925894 27567574 662801 797516 1007881 1081519 1023164 4572881 46436 96940 93724 116842 32737 386679 2289558 610432 663670 613190 574243 4751093 39204121 108176670 0.70320 0.65180 X Schedule A, Part II, Line 10, Explanation of Other Income: hockey rink and squash revenue - 2012 Amount: $ 310,366. 2013 Amount: $ 337,305. 2014 Amount: $ 369,077. 2015 Amount: $ 364,373. 2016 Amount: $ 339,634. miscellaneous - 2013 Amount: $ 157,758. 2014 Amount: $ 115,485. 2015 Amount: $ 132,123. 2016 Amount: $ 116,737. other revenue - 2012 Amount: $ 144,531. fundraising - 2012 Amount: $ 106,903. 2013 Amount: $ 115,369. 2014 Amount: $ 100,608. 2015 Amount: $ 98,204. 2016 Amount: $ 90,352. insurance proceeds - 2012 Amount: $ 1,727,758. 2014 Amount: $ 78,500. 2015 Amount: $ 18,490. 2016 Amount: $ 27,520. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 95 21460 2303657 49190 2834299 1280281 48096432 1 1 46553212 2325117 6843741 2883489 52838581 47130963 2108569 -1028992 1657328 46553212 46828750 1443027 422486 1563300 47130963 40576492 1682325 5975837 1405904 46828750 32412955 6317740 3017848 1172051 40576492 0.72700 0.18900 0.08400 0 1 1 5020662 5020662 95517691 46622837 48894854 7318386 7017824 300562 1155717 592546 563171 54779249 INTEREST RATE SWAP AGREEMENT 3220666 3220666 X Part V, Line 4: INCOME FROM THE SCHOOL'S ENDOWMENT FUND IS APPROPRIATED FOR STUDENT FINANCIAL AID, FACULTY SALARIES AND BENEFITS AS WELL AS OTHER OPERATING EXPENSES OF THE SCHOOL, IN ACCORDANCE WITH DONOR-IMPOSED RESTRICTIONS AND THE SCHOOL'S BOARD APPROVED SPENDING POLICY. Part X, Line 2: the school has no unrecognized tax benefits at June 30, 2017 and 2016. 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. 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 nondiscriminatory policy is published in all school catalogues and brochures. East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 program services student recruiting 41900 South America - Argentina, Bolivia, Brazil, Chile, columbia, ecuador 0 0 program services STUDENT RECRUITING 11146 Middle East and north africa - Algeria, Bahrain, Djibouti, egypt 0 0 program services student recruiting 7094 North america - canada and mexico, but not the united states 0 0 program services Student recruiting 15600 0 0 0 0 0 0 75740 0 75740 0 0 0 0 0 0 X X X X X 1 Community Counselling Service Co LLC 10 High Street Suite 401 Boston MA 02110 Campaign Consulting 0 0 33000 -33000 NOrtheast Scholastic Services 604 Bartram Court Flourtown PA 19031 donor base cultivation consultant 0 0 75000 -75000 108000 -108000 CT PARENTS' DINNER/AUCTION 157035 66683 90352 18900 28542 157035 66683 90352 18900 28542 47442 42910 1 scholarships/student aid 137 4451766 FMV scholarships & grants are provided to students via a waiver of tuition, fees and other charges. Part I, Line 2: all financial aid recipients are required to complete a financial aid statement and provide the necessary supporting documentation. X 0 0 X X X X 0 0 0 0 0 0 0 1 0 Kenneth H LaRocque Headmaster 347197 0 37600 0 0 0 52613 0 52350 0 489760 0 0 0 Robert A Orenstein CFO 219074 0 0 0 0 0 36334 0 28133 0 283541 0 0 0 John T Gardner Associate Headmaster 183692 0 4000 0 0 0 26513 0 46188 0 260393 0 0 0 Peter M Evans Principle Gifts Officer 124918 0 3000 0 0 0 18537 0 42757 0 189212 0 0 0 Jacqueline Morr Controller 111075 0 0 0 0 0 16913 0 66218 0 194206 0 0 0 Jim Detora Director of Developmnet 120699 0 9000 0 0 0 18731 0 43769 0 192199 0 0 0 Part I, Line 1a THE SCHOOL REQUIRES THAT CERTAIN SENIOR LEADERSHIP RESIDE ON CAMPUS AS A CONDITION OF EMPLOYMENT FOR THE SAFETY AND SUPERVISION OF ITS STUDENTS, FACULTY AND OTHER CONSTITUENCIES WITHIN THE SCHOOL COMMUNITY OUTSIDE OF NORMAL BUSINESS HOURS. THESE RESIDENCES ALSO SERVE AS LOCATIONS FOR VARIOUS SCHOOL-RELATED EVENTS. Part I, Line 7 at the discretion of the board of directors and based upon the individual's performance as compared to expectations set by the board of directors, the headmaster was awarded a bonus during calendar year 2016. A state of connecticut health and educational facilities authority 060806186 2013-11-01 24606000 Refunding of Series A and B tax exempt bond issues and related costs 0 0 0 A 2120000 24606000 345297 24260703 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 bank of america na 29.300000000000 1 0 0 0 0 A 1 X 19 673815 fair value X various donated auction items 5 28542 fair value 0 1 1 Part I, Column (b): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. Part I, Line 32b: THE SCHOOL MAINTAINS ACCOUNTS WITH THIRD PARTY FINANCIAL INSTITUTIONS WHICH ARE USED TO LIQUIDATE GIFTS OF MARKETABLE SECURITIES. Form 990, Part VI, Section A, line 2 Dee and Richard H. Gordon are directors who are related through marriage. Form 990, Part VI, Section B, line 11b the school's 990 is first reviewed by the cfo and controller. once any necessary edits have been made, the return is then provided to the treasurer and the finance committee for further review and approval. it is made available to the full board before it is filed. Form 990, Part VI, Section B, line 12c ON AN ANNUAL BASIS, THE SECRETARY SHALL SEND TO EACH PERSON WHO IS A DIRECTOR OR OFFICER OF THE SCHOOL, AND TO THOSE KEY EMPLOYEES OF THE SCHOOL AS THE BOARD MAY DETERMINE, A COPY OF THIS POLICY REGARDING CONFLICT OF INTEREST, TOGETHER WITH A QUESTIONNAIRE INQUIRING AS TO CONFLICTS. ALL OTHER EMPLOYEES WILL BE MADE AWARE OF THE POLICY FROM THE DIRECTOR OF HUMAN RESOURCES, AND THEY SHOULD DISCLOSE ANY CONFLICTS OF INTEREST. IT SHALL BE THE DUTY OF EACH DIRECTOR, OFFICER AND KEY EMPLOYEE, AS THE CASE MAY BE, TO INFORM THE SECRETARY AND THE HEADMASTER OF ANY AND ALL CHANGES IN THE INFORMATION SET FORTH IN THE QUESTIONNAIRE OR OTHERWISE UPDATE THE SECRETARY IN A TIMELY FASHION. WHEN IN DOUBT AS TO WHETHER A CONFLICT OF INTEREST EXISTS, OR MAY EXIST, IT SHALL BE THE DUTY OF EACH PERSON TO INFORM THE SECRETARY OR HEADMASTER FOR CLARIFICATION. Form 990, Part VI, Section B, line 15 AVON OLD FARMS COMPENSATION GOAL PROVIDES A TOTAL COMPENSATION PROGRAM WHICH RECOGNIZES INDIVIDUAL PERFORMANCE AND MAINTAINS A COMPETITIVE MARKET POSITION. THE SCHOOL'S HUMAN RESOURCES DEPARTMENT UTILIZES THE FOLLOWING FACTORS TO ESTABLISH EMPLOYEE PAY LEVELS AND BENEFITS INCLUDING: MARKET SURVEY OF COMPARABLE POSITIONS AT COMPARABLE PRIVATE SCHOOLS, PERFORMANCE EVALUATIONS, REGIONAL COST OF LIVING DIFFERENTIALS, AS WELL AS RECRUITMENT AND RETENTION EXPERIENCE. THE BOARD'S EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE EXECUTIVE AND KEY EMPLOYEES' COMPENSATION PACKAGES ANNUALLY. Form 990, Part VI, Section C, line 19 THE SCHOOL PROVIDES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 UPON REQUEST. Form 990, Part XI, line 9: CHANGE IN VALUE OF SWAP AGREEMENT 1,596,412. PROVISION FOR UNCOLLECTIBLE PLEDGES -716,334. form 990, part XII, line 2c: There were no changes to the School's oversight or selection processes during the tax year. AVON OLD FARMS SCHOOL FOUNDATION 500 OLD FARMS ROAD AVON CT 06001 066386828 FORMED FOR THE PURPOSE OF OPERATING AS A SUPPORTING ORG. FOR THE SCHOOL. CT 501(c)(3) TYPE 1 avon old farms school inc 1 THE RIDDLE TRUST 500 OLD FARMS ROAD AVON CT 06001 066074707 PROVIDE FINANCIAL SUPPORT TO AVON OLD FARMS SCHOOL. CT 4947 (A)(1) CHARITABLE TRUST avon old farms school inc 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0