2016-02-22T08:59:19-06:00 2015-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2014-07-01 221500475 BLAIR ACADEMY BLAI 9083626121 PO BOX 600 BLAIRSTOWN NJ 07825 JAMES FRICK ASSISTANT TREASURER 9083626121 2016-02-22 1 STACY CULLEN P00974308 2159798800 2016-02-22 2014 2016-08-17 19:52:53Z CHRISTOPHER FORTUNATO PO BOX 600 BLAIRSTOWN NJ 07825 63393469 0 X WWW.BLAIR.EDU X 1848 NJ BLAIR ACADEMY SEEKS TO ENROLL TALENTED YOUNG MEN AND WOMEN FROM DIVERSE BACKGROUNDS. IN A RESIDENTIAL SETTING, BLAIR ACADEMY IS COMMITTED TO PROVIDE A LIBERAL ARTS EDUCATION AND TO PROMOTE THE DEVELOPMENT OF PERSONAL AND INTELLECTUAL DISCIPLINE AS PREPARATION FOR CONTINUED STUDY AT SELECTIVE COLLEGES AND FOR A LIFE OF RESPONSIBLILTY AND SERVICE. 24 24 223 0 654771 -245723 6385120 8669111 22777269 23906943 2940341 12038521 622267 703330 32724997 45317905 4826353 5165695 0 0 12481405 13482586 0 0 2470950 11538286 11512447 28846044 30160728 3878953 15157177 180040826 181789403 33132511 32561107 146908315 149228296 X BLAIR ACADEMY IS A COEDUCATIONAL BOARDING SCHOOL LOCATED 65 MILES WEST OF NEW YORK CITY IN THE FOOTHILLS OF THE POCONO MOUNTAINS. IN ITS 163RD YEAR, BLAIR CONTINUES TO OFFER A SUPERIOR ACADEMIC COLLEGE-PREPARATORY PROGRAM WHILE HOLDING FIRMLY TO ITS TRADITION OF BEING A COMMUNITY FULLY FOCUSED ON THE DEVELOPMENT OF EACH INDIVIDUAL STUDENT. IN THIS ENVIRONMENT, STUDENTS LEARN TO ADVOCATE FOR THEMSELVES, BECOME SERVICE-MINDED, AND DEVELOP THE LEADERSHIP SKILLS NECESSARY FOR SUCCESS IN COLLEGE AND BEYOND. 0 0 25127263 5165695 23906943 BLAIR ACADEMY SERVES 460 STUDENTS FROM 26 COUNTRIES AND 23 DIFFERENT STATES. BLAIR OFFERS A RICH AND CHALLENGING CURRICULUM, WORLD CLASS PROGRAMS FOR ATHLETES AND ARTISTS OF ALL ABILITIES AND AN ARRAY OF MEANINGFUL LEADERSHIP, TRAVEL, AND SERVICE OPPORTUNITIES. WE INVEST IN DISCOVERING AND UNDERSTANDING OUR STUDENTS' TALENTS, INTERESTS AND PERSONALITIES. 25127263 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 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 0 0 0 0 1 44 0 1 223 1 1 1 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X JAMES A FRICK 9083626121 BLAIR ACADEMY BLAIRSTOWN NJ 07825 DOUGLAS W KIMMELMAN CHAIRMAN 5.00 X X 0 0 0 DOMINICK J ROMANO VICE CHAIRMAN AND TREASURE 5.00 X X 0 0 0 ANNE E CRAMER SECRETARY 5.00 X X 0 0 0 EMMANUEL BELLO TRUSTEE 5.00 X 0 0 0 LAI YUEN CHIANG TRUSTEE 5.00 X 0 0 0 SINGLETON A COX TRUSTEE 5.00 X 0 0 0 RICHARD R GRABER TRUSTEE 5.00 X 0 0 0 REV DAVID G HARVEY TRUSTEE 5.00 X 0 0 0 DAVID G JANUSZEWKSI TRUSTEE 5.00 X 0 0 0 JAMES P JENKINS TRUSTEE 5.00 X 0 0 0 SUSAN R KAHN BERMAN TRUSTEE 5.00 X 0 0 0 CORAY S KIRBY TRUSTEE 5.00 X 0 0 0 MARIANNE LIEBERMAN TRUSTEE 5.00 X 0 0 0 G DAVID MACEWEN TRUSTEE 5.00 X 0 0 0 MARK D MOON TRUSTEE 5.00 X 0 0 0 KEITH H RAUSCHENBACH TRUSTEE 5.00 X 0 0 0 MARIA V SAVETTIERE TRUSTEE 5.00 X 0 0 0 ROBIN J SCHEMAN TRUSTEE 5.00 X 0 0 0 CORNELIUS E SIGETY TRUSTEE 5.00 X 0 0 0 ROBERT G SIGETY TRUSTEE 5.00 X 0 0 0 ALEXANDER J SLOANE TRUSTEE 5.00 X 0 0 0 HOBART D VAN DEUSEN TRUSTEE 5.00 X 0 0 0 RICHARD W WENNER TRUSTEE 5.00 X 0 0 0 AMELIA C WOLFE TRUSTEE 5.00 X 0 0 0 CHRISTOPHER FORTUNATO HEAD OF SCHOOL 40.00 X 326458 0 55437 JAMES A FRICK ASST. TREASURER AND ASST. 40.00 X 309457 0 91652 SELDEN D BACON JR FACULTY 40.00 X 128243 0 68298 LEWIS M STIVAL FACULTY 40.00 X 114495 0 47189 RYAN PAGOTTO FACULTY 40.00 X 128755 0 50908 RACHEL E STONE STAFF 40.00 X 114560 0 33739 CARA MOHLMANN FACULTY 40.00 X 118285 0 31433 T CHANDLER HARDWICK FORMER HEADMASTER 0.00 X 120000 0 0 1360253 0 378656 12 1 1 0 DAMON G DOUGLAS COMPANY 28 WORLDS FAIR DRIVE SUITE A SOMERSET NJ 08873 CONSTRUCTION 8208094 SAGE DINING 1402 YORK ROAD LUTHERVILLETIMONIUM MD 21093 FOOD SERVICE 2403290 SODEXO 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE 501552 THE BMC GROUP 156 PARK AVENUE RUTHERFORD NJ 07070 CONSTRUCTION 493647 CSI INTERNATIONAL 6700 N ANDREWS AVENUE FT LAUDERDALE FL 33309 HOUSEKEEPING SERVICES 416132 17 8669111 727817 8669111 TUITION/FEES 611600 23390990 23390990 SUPPORT SERVICES 611710 515953 515953 23906943 991445 991445 20340 0 20340 20340 20340 29122640 18075564 11047076 11047076 11047076 SUMMER PROGRAMS 611710 579084 579084 GOLF & TENNIS 713910 55347 55347 48559 48559 682990 45317905 23955502 654771 12038521 5165695 5165695 704030 704030 8830630 7083083 879436 868111 653649 574101 79548 2612929 1888210 422155 302564 681348 515213 102990 63145 26981 26981 41750 41750 3882584 3283884 44078 554622 1806057 1806057 165171 87381 77790 676019 676019 2348784 2348784 277366 277366 CUSTODIAL SERVICES 781290 781290 OUTSIDE SERVICES 678758 587501 91257 PROPERTY TAXES 47901 47901 779786 23428 322445 433913 30160728 25127263 2562515 2470950 8485023 10083102 7942073 7930609 588061 592404 1118349 1339039 105792263 33072146 64353718 72720117 61573511 52548862 33207201 33892185 2772890 2683085 180040826 181789403 1823804 1369441 3232965 3492837 25486122 27698829 2589620 0 33132511 32561107 X 76699270 79832366 31943616 28822808 38265429 40573122 146908315 149228296 180040826 181789403 X 15157177 -12529384 -307812 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88892362 3670594 -4131059 88431897 76455976 1634046 10802340 88892362 68046201 1651476 6758299 76455976 67513073 3908356 -3375228 68046201 55961503 2268937 9282633 67513073 0.30560 0.45880 0.23560 0 0 1553144 1553144 83617290 26846507 56770783 7256163 6225639 1030524 13365666 13365666 72720117 ALTERNATIVE INVESTMENTS 33892185 F 33892185 X 27622826 -12529384 -12529384 40152210 5165695 5165695 45317905 24995033 0 24995033 5165695 5165695 30160728 PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (JUNE 30, 2012 - JUNE 30, 2014) OR EXPECTED TO BE TAKEN IN THE ACADEMY'S TAX RETURN FOR THE YEAR ENDED JUNE 30, 2015 AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED AGAINST STUDENT TUITION AND FEES ON FINANCIAL STATEMENTS 5,165,695. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED AGAINST STUDENT TUITION AND FEES ON FINANCIAL STATEMENTS 5,165,695. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENT AS WELL AS A STATEMENT IN ALL APPROPRIATE PUBLICATIONS (SEE CATALOGUE). 1 NEED BASED FINANCIAL ASSISTANCE 169 5165695 PART I, LINE 2: STUDENT AID AMOUNTS ARE APPLIED AGAINST TUITION COSTS. X X X X X 1 1 X X X 1 0 0 0 0 0 0 0 0 CHRISTOPHER FORTUNATO HEAD OF SCHOOL 326458 0 0 0 0 0 19500 0 35937 0 381895 0 0 0 JAMES A FRICK ASST. TREASURER AND ASST. 309457 0 0 0 0 0 21823 0 69829 0 401109 0 0 0 SELDEN D BACON JR FACULTY 128243 0 0 0 0 0 12300 0 55998 0 196541 0 0 0 LEWIS M STIVAL FACULTY 114495 0 0 0 0 0 11375 0 35814 0 161684 0 0 0 RYAN PAGOTTO FACULTY 128755 0 0 0 0 0 13000 0 37908 0 179663 0 0 0 T CHANDLER HARDWICK FORMER HEADMASTER 120000 0 0 0 0 0 0 0 0 0 120000 0 0 0 PART I, LINE 4A FORMER HEADMASTER T. CHANDLER HARDWICK RECEIVED A SEVERANCE STIPEND OF $120,000 A NJ ECONOMIC DEVELOPMENT AUTHORITY 222045817 2014-10-29 19825000 REFUND PRIOR ISSUE 2007 BONDS. CONSTRUCT ATHLETIC FACILITY. 0 0 0 B NJ ECONOMIC DEVELOPMENT AUTHORITY 222045817 2013-05-21 10000000 FUND THE CONSTRUCTION OF TWO NEW DORMITORIES AND SIX NEW FACULTY RESIDENCES 0 0 0 A 19825000 19825000 0 1 1 1 B 5000000 153 121018 4878829 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 X 46 727817 SALE OF STOCK 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES THE SERVICES OF AN OUTSIDE BROKERAGE TO RECEIVE AND SELL STOCK GIFTS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 REVIEW PROCESS INVOLVES A THOROUGH REVIEW BY THE EXECUTIVE COMMITTEE AND BUDGET/AUDIT COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO SUBMISSION OF THE RETURN. ANY QUESTIONS OR CONCERNS THAT ARISE FROM THIS REVIEW ARE BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE. THE COMPLETED 990 TAX RETURN IS SHARED WITH THE ENTIRE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C EACH INDIVIDUAL OF THE BOARD OF TRUSTEES ANNUALLY RECEIVES A COPY OF THE CONFLICT OF INTEREST POLICY AND IS REQUIRED TO REVIEW THE POLICY AND REPORT ANY POSSIBLE CONFLICTS. COPIES OF ALL CONFLICT OF INTEREST RESPONSES ARE SENT TO SECRETARY OF THE BOARD FOR REVIEW AND RESPONSE IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE COMPENSATION OF THE HEADMASTER IN RELATION TO A PEER GROUP OF SCHOOLS AND BASED UPON THIS ANALYSIS IN CONJUNCTION WITH A BI-ANNUAL PERFORMANCE EVALUATION THE COMPENSATION LEVEL IS ESTABLISHED. THE COMPENSATION LEVEL ESTABLISED BY THE COMMITTEE, FOR THE HEADMASTER, IS SHARED WITH THE REMAINDER OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE ALSO REVIEWS ALL ADMINISTRATIVE/KEY EMPLOYEE SALARIES THAT ARE ESTABLISHED BY THE HEADMASTER IN COMPARISON TO A PEER GROUP TO ENSURE THAT THEY ARE COMPARABLE AND COMMENSURATE WITH THE JOB RESPONSIBILITIES OF EACH INDIVIDUAL. ANY CONCERNS BY THE COMMITTEE ARE BROUGHT TO THE ATTENTION OF THE HEADMASTER. 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 VALUE OF PERPETUAL TRUST -56,664. LOSS ON PAYOFF OF INTEREST RATE SWAP -251,148. FORM 990, PART XI, LINE 2C THE BUDGET COMMITTEE OVERSEES THE AUDIT AND SELECTS THE AUDITORS AT THEIR MEETING IN MAY.