2016-05-10T11:58:38-05:00 2015-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2014-07-01 060655480 AVON OLD FARMS SCHOOL INC AVON 8604044100 500 OLD FARMS ROAD AVON CT 06001 ROBERT A ORENSTEIN CHIEF FINANCIAL OFFICER 8604044100 2016-05-03 1 JOHN TOSCANO P00358542 9592007000 2014 2016-08-17 19:52:53Z KENNETH H LAROCQUE 500 OLD FARMS ROAD AVON CT 06001 44748445 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. 25 25 244 0 205550 -17166 4116555 4049051 20255764 20995488 2756941 2918241 1260865 1278580 28390125 29241360 4251962 4250209 0 0 12361894 13430265 0 0 2137558 10176223 9323091 26790079 27003565 1600046 2237795 111764656 112157282 36747092 37599021 75017564 74558261 AVON OLD FARMS 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 20959074 4250209 21370603 INDEPENDENT SECONDARY SCHOOL WITH 306 BOARDING STUDENTS AND 109 DAY STUDENTS. 20959074 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 1 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 1 112 0 1 244 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 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 BRIAN B CONROY DIRECTOR 0.50 2.00 X 0 0 0 JORGE E CONSUEGRA JR OUT-GOING DIRECTOR 0.50 X 0 0 0 JAMES W CORRIGAN DIRECTOR 0.50 X 0 0 0 J STRATFORD R DENNIS DIRECTOR 0.50 X 0 0 0 JOHN EDWARDS DIRECTOR 0.50 X 0 0 0 JEROLD T GARVEY DIRECTOR 0.50 X 0 0 0 MATTHEW H GATES 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 SECRETARY 1.00 X 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 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 PATRICK RYAN 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 FERN WACHTER OUT-GOING 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 387157 0 93865 ROBERT A ORENSTEIN CHIEF FINANCIAL OFFICER 50.00 X 199736 0 59260 JOHN T GARDNER ASSOCIATE HEADMASTER 50.00 X 173557 0 68891 HENRY E FLANAGAN JR DEAN 50.00 X 133857 0 44911 JAMES M DETORA PROVOST 50.00 X 122386 0 55996 PETER M EVANS PRINCIPLE GIFT OFFICER 50.00 X 110548 0 59569 BRENDON WELKER DIRECTOR OF ADMISSION 50.00 X 110536 0 62408 1237777 0 444900 11 0 1 0 FLIK PO BOX 417632 BOSTON MA 022417632 FOOD SUPPLIER 1308932 SOLIDUS 1280 BLUE HILLS AVENUE BLOOMFIELD CT 06002 CONSTRUCTION SERVICES 376802 CONNECTICUT BOILER & REPAIR 694 OAKWOOD AVENUE WEST HARTFORD CT 06110 BOILER REPAIR AND INSTALLATION 250316 E & R LAUNDRY 80 ROSS AVENUE MANCHESTER NH 03103 LAUNDRY SERVICE 192856 COMMUNITY COUNSELING SERVICE 10 HIGH STREET BOSTON MA 02110 CONSULTANT FOR DEVELOPMENT 174062 9 74325 3974726 373304 4049051 TUITION AND FEES 611110 20853297 20853297 SUMMER SCHOOL TUITION 611110 111939 111939 LEARNING CENTER REVENUE 611110 30252 30252 20995488 919200 919200 88681 0 88681 88681 88681 17261064 3500 15265523 0 1995541 3500 1999041 1999041 100608 74325 54436 46172 46172 286907 187126 99781 99781 SUMMER CAMP TUITIONS 611710 435850 230300 205550 HOCKEY RINK AND SQUASH REVENUE 713910 369077 369077 MISCELLANEOUS INCOME 900099 115485 115485 123534 45034 78500 1043946 29241360 21370603 205550 3616156 4250209 4250209 728613 231368 358424 138821 8419722 6036534 1407258 975930 1014613 733900 162902 117811 2587122 1802306 476284 308532 680195 469335 129237 81623 28238 28238 51500 51500 101158 101158 1295707 1031540 80227 183940 32653 9573 23080 476336 146892 234369 95075 378546 246055 94637 37854 1751433 1488718 175143 87572 345872 203615 85407 56850 1016471 914824 101647 2112461 1901215 211246 FOOD SERVICE 627606 584371 26272 16963 STUDENT SUPPLIES AND EX 582858 574556 7211 1091 STUDENT ACTIVITIES 144401 144401 ATHLETICS 121941 121941 255910 67721 152693 35496 27003565 20959074 3906933 2137558 1335139 1404529 5435432 7000973 4388152 3606246 69646 69210 87234 74293 274919 110447 104915015 50260835 55621286 54654180 44097173 44795720 455675 441684 111764656 112157282 715796 485916 8044038 9678435 24606000 23927000 3381258 3507670 36747092 37599021 X 58188864 57967292 8181107 7626912 8647593 8964057 75017564 74558261 111764656 112157282 X 2237795 -2505057 -192041 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 91 0 1443026 36785 1526515 1093983 42936589 1 1 46828750 1443027 422486 1563300 47130963 40576492 1682325 5975837 1405904 46828750 32412955 6317740 3017848 1172051 40576492 33067652 392401 87477 1134575 32412955 29036819 693120 4479841 1142128 33067652 0.73900 0.17900 0.08200 0 1 1 5020662 5020662 91865570 42915922 48949648 8028783 7344913 683870 54654180 INTEREST RATE SWAP AGREEMENT 3447876 CAPITAL LEASE 59794 3507670 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, 2015 AND 2014. THE SCHOOL'S U.S. FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2012 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 18000 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES STUDENT RECRUITING 16000 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES STUDENT RECRUITING 4000 NORTH AMERICA 0 0 PROGRAM SERVICES STUDENT RECRUITING 2000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT RECRUITING 1000 0 0 0 0 0 0 41000 0 41000 0 0 0 0 0 0 PARENTS' DINNER/AUCTION 154215 74325 79890 16217 38219 154215 74325 79890 16217 38219 54436 25454 1 SCHOLARSHIPS/STUDENT AID 150 4250209 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 352157 0 35000 0 0 0 45650 0 48215 0 481022 0 0 0 ROBERT A ORENSTEIN CHIEF FINANCIAL OFFICER 199736 0 0 0 0 0 35250 0 24010 0 258996 0 0 0 JOHN T GARDNER ASSOCIATE HEADMASTER 173557 0 0 0 0 0 26000 0 42891 0 242448 0 0 0 HENRY E FLANAGAN JR DEAN 133857 0 0 0 0 0 20650 0 24261 0 178768 0 0 0 JAMES M DETORA PROVOST 122386 0 0 0 0 0 15750 0 40246 0 178382 0 0 0 PETER M EVANS PRINCIPLE GIFT OFFICER 110548 0 0 0 0 0 17438 0 42131 0 170117 0 0 0 BRENDON WELKER DIRECTOR OF ADMISSION 110536 0 0 0 0 0 17063 0 45345 0 172944 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 2014. 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 679000 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 40 FAIR VALUE X 1 18000 FAIR VALUE X 12 284535 FAIR VALUE X VARIOUS DONATED AUCTION ITEMS 3 27094 FAIR VALUE X RECEPTION AND MISCELLANOUS COSTS 6 18510 FAIR VALUE 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS 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 11 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 -163,039. PROVISION FOR UNCOLLECTIBLE PLEDGES -29,002. 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 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0