2017-02-07T07:36:59-06:00 2016-06-30 061009205 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2015-07-01 060689699 ETHEL WALKER SCHOOL INC ETHE 8606584467 230 BUSHY HILL ROAD SIMSBURY CT 06070 GREGORY JANDREAU CHIEF FINANCIAL OFFICER 8606584467 2017-02-01 1 ELIZABETH SOLECKI P00235171 8605614000 2017-02-01 2015 2021-01-29 14:40:06Z GREGORY JANDREAU 230 BUSHY HILL ROAD SIMSBURY CT 06070 23831703 0 X WWW.ETHELWALKER.ORG X 1911 CT THE ETHEL WALKER SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY, BOARDING AND DAY SCHOOL FOR GIRLS IN GRADES SIX THROUGH TWELVE. SINCE 1911, THE ETHEL WALKER SCHOOL HAS EXCELLED AT PREPARING STUDENTS TO MAKE A DIFFERENCE IN THE WORLD. MEMBERS OF THIS DIVERSE COMMUNITY ARE DEDICATED TO SCHOLARSHIP, THE ARTS, ATHLETICS, WELLNESS, AND SERVICE. THE SATISFACTION OF ACHIEVEMENT AND JOY OF FRIENDSHIP ARE FUNDAMENTAL PRINCIPLES AS THE SCHOOL EMPOWERS GIRLS TO LEAD WITH INTEGRITY, CONFIDENCE, COURAGE, AND CONVICTION. 18 17 159 0 56285 -60053 13539117 7289197 13037190 13132562 1270821 254445 -135812 95910 27711316 20772114 4069466 4579220 0 0 8454970 7884401 0 0 952187 6721993 7736995 19246429 20200616 8464887 571498 81762490 88882874 23304903 30029884 58457587 58852990 X THE ETHEL WALKER SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY, BOARDING AND DAY SCHOOL FOR GIRLS IN GRADES SIX THROUGH TWELVE. SINCE 1911, THE ETHEL WALKER SCHOOL HAS EXCELLED AT PREPARING STUDENTS TO MAKE A DIFFERENCE IN THE WORLD. MEMBERS OF THIS DIVERSE COMMUNITY ARE DEDICATED TO SCHOLARSHIP, THE ARTS, ATHLETICS, WELLNESS, AND SERVICE. THE SATISFACTION OF ACHIEVEMENT AND JOY OF FRIENDSHIP ARE FUNDAMENTAL PRINCIPLES AS THE SCHOOL EMPOWERS GIRLS TO LEAD WITH INTEGRITY, CONFIDENCE, COURAGE, AND CONVICTION. 0 0 11742703 12549843 INSTRUCTION OF STUDENTS AND SUPPORT SERVICES FOR INSTRUCTION PROGRAMS 4579220 4579220 FINANCIAL AID 1512768 594164 ATHLETIC PROGRAMS/RIDING INSTRUCTION 17834691 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 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 98 0 1 159 1 1 1 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X GREGORY JANDREAU CFO 8606584467 BUSHY HILL ROAD SIMSBURY CT 06070 RENEE ALEXANDER TRUSTEE 1.00 X 0 0 0 STUART M BELL TRUSTEE 1.00 X 0 0 0 MARGOT CAMPBELL BOGERT TRUSTEE 1.00 X 0 0 0 CHRISTOPHER L BRIGHAM TRUSTEE 1.00 X 0 0 0 ELIZABETH ROCKWELL CESARE TRUSTEE 1.00 X 0 0 0 KEVIN CHESSEN TRUSTEE 1.00 X 0 0 0 SARAH GATES COLLEY TRUSTEE 1.00 X 0 0 0 DARRELL CRATE TRUSTEE 1.00 X 0 0 0 AMY PAUL TRUSTEE 1.00 X 0 0 0 AMANDA PITMAN TRUSTEE 1.00 X 0 0 0 LETITIA MCCLURE POTTER TRUSTEE 1.00 X 0 0 0 SARAH HOUSE DENBY TRUSTEE 1.00 X 0 0 0 HARRIET BLEES DEWEY TRUSTEE 1.00 X 0 0 0 LEANDER ALTIFOIS DOLPHIN TRUSTEE 1.00 X 0 0 0 CECILY CHILTON MATTHAI TRUSTEE 1.00 X 0 0 0 CURTIS MEWBOURNE TRUSTEE 1.00 X 0 0 0 LAURA MOUNTCASTLE TRUSTEE 1.00 X 0 0 0 G PETER O'NEILL TRUSTEE 1.00 X 0 0 0 THOMAS REGAN TRUSTEE 1.00 X 0 0 0 KATHERINE O'BRIEN ROHN TRUSTEE 1.00 X 0 0 0 EMILY WICK TRUSTEE 1.00 X 0 0 0 FREDERICK DEREK WEIRDSMA TRUSTEE 1.00 X 0 0 0 STEPHEN DUNN INTERIM HEAD OF SCHOOL 40.00 X X 153246 0 51703 STEPHEN REYNOLDS CHIEF OPERATING OFFICER 40.00 X 132824 0 42841 GREG JANDREAU CHIEF FINANCIAL OFFICER 40.00 X 123298 0 0 ELIZABETH CROMWELL SPEERS FORMER OFFICER 0.00 X 235140 0 40937 644508 0 135481 4 1 1 0 CE FLOYD COMPANY INC 101 CENTERPOINT DRIVE MIDDLETOWN CT 06457 CONSTRUCTION 7827696 FLIK INTERNATIONAL CORP COMPASS GROUP U PO BOX 91337 CHICAGO IL 606931337 DINING SERVICE 871356 OMR ARCHITECTS INC 543 MASSACHUSETTS AVE WEST ACTON MA 01720 ARCHITECTS 343708 SODEXO OPERATIONS LLC PO BOX 360170 PITTSBURGH PA 152516170 FACILITIES MANAGEMENT 290658 STRATEGIC BUILDING SOLUTIONS LLC 135 NEW ROAD MADISON CT 06443 PROJECT MANAGER 208242 6 7289197 1893966 7289197 STUDENT TUITION 611110 12424456 12424456 AUXILLARY SERVICES 611110 708106 686994 21112 13132562 250426 250426 37311 2138 35173 35173 35173 3000000 2995981 4019 4019 4019 89650 61470 28180 28180 OTHER INCOME 900099 32557 32557 32557 20772114 13144007 56285 282625 4579220 4579220 538780 219600 319180 50000 50000 5264803 4143996 543991 576816 236560 184412 31147 21001 1377295 1137073 143688 96534 416963 304039 73008 39916 84651 84651 267407 213421 28802 25184 730668 730668 45045 28236 229 16580 23895 17865 6030 717416 717416 1852803 1852803 LOSS ON REFINANCING OF 1549342 1549342 CONTRACT HELP 438960 438960 PURCHASED SERVICES 419367 332908 71851 14608 OTHER RIDING EXPENSES 288984 288984 1318457 1045748 117191 155518 20200616 17834691 1413738 952187 1038965 27494 3073007 2548413 1079414 739212 49038 43705 58702 29099 73735762 29763713 29619937 43972049 28324683 22434406 17914530 18589908 604214 498588 81762490 88882874 2006118 2710833 4642348 4682873 16209347 21450000 447090 1186178 23304903 30029884 X 19932587 24022648 19808836 16337217 18716164 18493125 58457587 58852990 81762490 88882874 X 571498 -137785 -38310 X 0 1 X 1 0 X 7476902 3641894 5746018 13539117 7289197 37693128 7476902 3641894 5746018 13539117 7289197 37693128 9741209 27951919 301264 240388 224212 255090 250426 1271380 66129 9324 75453 101104 103904 89655 87996 89650 472309 39512270 62587042 0.70740 0.69110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17459586 151643 132264 1100000 16643493 17209594 550923 506897 807828 17459586 15799900 202053 1927641 720000 17209594 15916681 1203000 1369608 2689389 15799900 17317593 114088 1515000 15916681 0.35000 0.61000 0.04000 1 0 47496616 21601631 25894985 6864053 5544607 1319446 19375093 2617475 16757618 43972049 BENEFICIAL INTEREST IN A CHARITABLE TRUST HELD BY THIRD PARTY 1589908 F BENEFICIAL INTEREST IN CHARITABLE AND PERPETUAL TRUSTS 17000000 F 18589908 OBLIGATIONS UNDER CAPITAL LEASES 7774 NOTES PAYABLE 1841 FAIR VALUE OF INTEREST RATE SWAP 1176563 1186178 15281600 -137785 -5352729 -5490514 20772114 0 20772114 14886197 0 14886197 5314419 5314419 20200616 PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUND CONSISTS OF APPROXIMATELY 90 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION ASSISTANCE -5,314,416. CHANGE IN BENEFICIAL INTEREST IN TRUSTS 760,000. RENTAL EXPENSES 2,138. UNREALIZED LOSS ON INTEREST RATE SWAP -800,453. ROUNDING 2. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION ASSISTANCE 5,314,416. ROUNDING 3. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ETHEL WALKER SCHOOL ADVERTISES IN BOTH INTERNAL AND EXTERNAL PUBLICATIONS ITS POLICY OF NONDISCRIMINATION ON THE BASIS OF RACE, COLOR, RELIGION, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN. 1 FINANCIAL AID FOR TUITION 137 4579220 FMV FINANCIAL AID PART I, LINE 2: FINANCIAL AID IS PROVIDED VIA A REDUCTION OF THE TUITION CHARGES. X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 STEPHEN DUNN INTERIM HEAD OF SCHOOL 153246 0 0 0 0 0 9375 0 42328 0 204949 0 0 0 STEPHEN REYNOLDS CHIEF OPERATING OFFICER 132824 0 0 0 0 0 7969 0 34872 0 175665 0 0 0 ELIZABETH CROMWELL SPEERS FORMER OFFICER 185140 0 0 0 50000 0 11108 0 29829 0 276077 0 0 0 PART I, LINE 1A CERTAIN EMPLOYEES, INCLUDING THE HEAD OF SCHOOL, ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. PART I, LINE 4B ELIZABETH SPEERS, THE FORMER HEAD OF SCHOOL, PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN, AND RECEIVED A PAYOUT FROM THE PLAN OF $50,000 OF DEFERRED COMPENSATION DURING THE YEAR. A STATE OF CT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2016-06-14 13145000 REFUND CURRENT BOND ISSUE AND CONSTRUCTION OF NEW ATHLETIC FACILITY 0 0 0 B STATE OF CT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2013-04-03 8665000 CONSTRUCTION OF NEW DORM AND OTHER CAPITAL MAINTENANCE PROJECTS 0 0 0 A 13145000 7979251 262900 4902849 2017 0 1 1 1 B 360000 8665000 165000 8500000 2014 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0 0 1 B 0 0 0 0 0.02000 0.02000 0 0 1 A 0 1 0 0 0 1 FIRST NIAGARA 13.500000000000 0 0 0 0 1 B 0 0 0 1 0 1 FIRST NIAGARA 16.750000000000 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART IV, LINE 2C: NO FUNDS WERE SUBJECT TO THE REBATE CALCULATION. X 32 1641466 FMV X HORSES 2 252500 INDEPENDENT APPRAISA 2 0 1 0 PART I, LINE 32B: THE SCHOOL USES A BROKER TO SELL GIFTS OF SECURITIES. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF THE ETHEL WALKER SCHOOL DIRECTS THAT THE FISCAL MANAGEMENT COMMITTEE REVIEW AND APPROVE THE FINAL VERSION WITH FULL AUTHORITY OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEE AND KEY EMPLOYEES NEED TO COMPLETE AN ANNUAL DISCLOSURE FORM WHICH IS REVIEWED BY THE DIRECTOR OF FINANCE. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL ENGAGED AN OUTSIDE CONSULTANT, HUGH MALLON, FOR A THREE YEAR CONTRACT REVIEW TO DETERMINE HEAD OF SCHOOL COMPENSATION. THIS WAS THE THIRD AND FINAL YEAR OF THE 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. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN TRUSTS 760,000. UNREALIZED LOSS ON INTEREST RATE SWAP -800,453. RENTAL EXPENSES 2,138. ROUNDING 5. ETHEL WALKER CHARITABLE AND EDUCATIONAL FOUNDATION 230 BUSHY HILL ROAD SIMSBURY CT 060702698 060679139 PRIVATE FOUNDATION CT 501(C)(3) PF 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ETHEL WALKER CHARITABLE AND EDUCATIONAL FOUNDATION C 267795 FMV