2016-11-14T12:30:06-06:00 2016-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPA PC 19 MORGAN DRIVE LEBANON NH 03766 990 2015-07-01 020222147 KIMBALL UNION ACADEMY KIMB 6034693211 PO BOX 188 MERIDEN NH 037700188 ROBERT BLAKE CFO 6034693211 2016-11-01 1 W JAY SIMMS P00435321 6036530044 2016-10-31 2015 2017-02-10 21:41:12Z ROBERT BLAKE MAIN STREET MERIDEN NH 03770 27959228 0 X WWW.KUA.ORG X 1813 NH SECONDARY EDUCATION 14 13 198 0 131661 -111526 2745486 4726852 16870917 18160214 1621524 876064 220136 185265 21458063 23948395 3566113 3962003 0 0 8042093 8764436 0 0 1059329 9120312 8852129 20728518 21578568 729545 2369827 72260277 74566993 23822159 24608503 48438118 49958490 KIMBALL UNION ACADEMY PREPARES STUDENTS FOR THE CHALLENGES OF TOMORROW'S WORLD BY INSPIRING ACADEMIC MASTERY, CREATIVITY, RESPONSIBILITY, AND LEADERSHIP. 0 0 18281582 3962003 18160214 PRIVATE HIGH SCHOOL THAT SERVES 248 BOARDING STUDENTS AND 94 DAY STUDENTS. 18281582 1 1 0 0 0 0 0 0 0 1 1 0 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 1 1 1 0 0 0 0 0 0 0 0 1 71 0 1 198 1 1 1 0 0 0 0 0 0 0 0 0 X 14 13 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 CHRISTOPHER BURNS TRUSTEE 1.00 X 0 0 0 PHILLIP R DEGUIRE TREASURER 1.00 X X 0 0 0 ROBERT P FITZGERALD JR 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 CATHERINE PIPAS MD TRUSTEE 1.00 X 0 0 0 HANS OLSEN 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 ROBERT YH SHI TRUSTEE 1.00 X 0 0 0 MICHAEL SCHAFER HEAD OF SCHOOL 40.00 X 352049 0 112954 ROBERT BLAKE CFO 40.00 X 132000 0 31401 JOSEPH WILLIAMS ASSISTANT HEAD OF SCHOOL 40.00 X 116768 0 124868 HUNTER ULF CHIEF OPERATING OFFICER 40.00 X 125000 0 23495 GREGORY POLLARD DIRECTOR OF DEVELOPMENT 40.00 X 115770 0 96341 841587 0 389059 5 0 1 0 DR MAX CLEANING INC 3 HARTHORNE AVE W LEBANON NH 03784 CLEANING SERVICES 161755 MAK'S TRUCKING AND EXCAVATION LLC 909 ROUTE 120 MERIDEN NH 03770 TRUCKING AND LANDSCAPING SERVICES 111210 2 4726852 124392 4726852 TUITION 611710 16878570 16878570 PROGRAM SUPPORT 611710 1024220 1024220 SUMMER PROGRAMS 611710 257424 257424 18160214 848597 848597 8200 0 8200 8200 8200 3822326 8725 3791948 11636 30378 -2911 27467 27467 186692 207249 -20557 -20557 CHILD CARE FEES - NON- 624410 81754 81754 CHILD CARE FEES - KUA 624410 65961 65961 ATHLETIC FACILITY RENT 713940 49907 49907 197622 23948395 18160214 131661 929668 3962003 3962003 907029 907029 5764691 4979629 270921 514141 500376 433190 22460 44726 1131229 926740 108804 95685 461111 352056 72705 36350 63235 63235 138903 138903 112835 112835 198300 76470 30384 91446 893872 893872 140833 69447 25056 46330 14545 2770 11775 524516 524516 2217209 2217209 102639 69010 33629 EDUCATIONAL EXPENSES 2314566 2314566 PLANT EXPENSE 441670 441670 SCHOOL- GENERAL 397418 182851 211327 3240 UNAMORTIZED BOND ISSUAN 219837 219837 1071751 722748 121592 227411 21578568 18281582 2237657 1059329 6188931 4977740 2380151 2000925 342879 961978 189794 138822 215016 222464 60072160 23722028 36025827 36350132 24280353 25598293 1833077 2094434 804249 2222205 72260277 74566993 1182578 1676818 7120897 6095963 12290000 12279566 507127 442344 2721557 4113812 23822159 24608503 X 29729860 30694674 6204024 4998450 12504234 14265366 48438118 49958490 72260277 74566993 X 2369827 -1261675 1729164 -1316944 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25668137 3147294 1255668 582000 29489099 25684289 303432 180416 500000 25668137 22378528 866811 2903410 500000 25684289 14253374 7159012 1466142 500000 22378528 13889800 978760 34814 650000 14253374 0.40600 0.48370 0.11030 1 0 4154494 4154494 38458931 21494277 16964654 12417875 119995 12297880 3659407 2107756 1551651 1381453 1381453 36350132 CAPITAL LEASE 252085 RETIREMENT OBLIGATION 501856 DEFERRED COMPENSATION 117789 INTEREST RATE SWAP 3242082 4113812 17476118 -1261675 -5071699 -6333374 23809492 138903 138903 23948395 17393168 207249 207249 17185919 138903 4253745 4392648 21578567 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 XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID ADDITION TO GROSS UP TUITION -3,962,003. INTEREST RATE SWAP -1,316,946. COST OF GOODS SOLD 207,249. ROUNDING 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 207,249. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,962,003. PROVISION FOR DOUBTFUL PLEDGES 71,905. UNAMORTIZED BOND ISSUANCE COSTS 219,837. 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 150 3962003 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 300979 0 50000 0 1070 0 26500 0 86454 0 465003 0 0 0 ROBERT BLAKE CFO 132000 0 0 0 0 0 8700 0 22701 0 163401 0 0 0 JOSEPH WILLIAMS ASSISTANT HEAD OF SCHOOL 115770 0 0 0 998 0 11600 0 113268 0 241636 0 0 0 HUNTER ULF CHIEF OPERATING OFFICER 125000 0 0 0 0 0 5288 0 18207 0 148495 0 0 0 GREGORY POLLARD DIRECTOR OF DEVELOPMENT 115770 0 0 0 0 0 15145 0 81196 0 212111 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 30500 GAYLE SCHAFER, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE HEAD OF THE SCHOOL, MICHAEL J. SCHAFER. 0 BARBARA POLLARD ASSISTANT ATHLETIC DIRECTOR 28344 BARBARA POLLARD, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE SCHOOL'S DIRECTOR OF DEVELOPMENT, GREG POLLARD. 0 ALLAN FERGUSON FORMER TRUSTEE 13500 MR. FERGUSON SOLD HIS 14.29% INTEREST IN A REAL ESTATE LLC FOR FAIR MARKET VALUE BASED UPON AN APPRAISAL. 0 EILEEN WILIAMS COMMUNICATIONS ASSOCIATE 21462 EILEEN WILLIAMS, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE SCHOOL'S ASSISTANT HEAD OF SCHOOL. 0 X 3 38496 FMV X GIFTS-IN-KIND 7 85896 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 11 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 -1,316,946. ROUNDING 2.