2015-05-13T08:11:17-05:00 2014-06-30 061009205 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2013-07-01 060646687 KENT SCHOOL KENT 8609276046 PO BOX 2006 KENT CT 06757 JEFFREY D CATALDO ASSISTANT TREASURER & CFO 8609276046 2015-05-11 1 ELIZABETH SOLECKI P00235171 8605614000 2015-05-11 2013 2016-03-07 17:11:31Z JEFFREY D CATALDO PO BOX 2006 KENT CT 06757 43822738 0 X WWW.KENT-SCHOOL.EDU X 1906 CT NON-PROFIT, INDEPENDENT, PREPATORY SCHOOL; EDUCATING APP. 520 BOARDING AND 50 DAY STUDENTS. 28 27 283 0 35824 -77092 6174759 2550861 30405900 31521647 2287309 4842517 103457 117300 38971425 39032325 7498325 7382580 0 0 16401814 16349165 0 0 1702908 13422630 14262747 37322769 37994492 1648656 1037833 162082048 158172517 59468858 45822450 102613190 112350067 ESTABLISH AND MAINTAIN A SCHOOL WHICH SHALL PROVIDE FOR BOYS AND GIRLS OF ABILITY AND CHARACTER AN ACADEMIC COURSE OF INSTRUCTION. SIMPLICITY OF LIFE, SELF-RELIANCE, AND DIRECTNESS OF PURPOSE ARE TO BE ESPECIALLY ENCOURAGED. 0 0 31906698 7382580 31487297 INDEPENDENT, CO-EDUCATIONAL PREPATORY SCHOOL; EDUCATING BOTH BOARDING AND DAY STUDENTS. SIMPLICITY OF LIFE, SELF-RELIANCE AND DIRECTNESS OF PURPOSE ARE TO BE ESPECIALLY ENCOURAGED IN BOTH BOY AND GIRL STUDENTS. 31906698 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 63 0 1 283 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 X 28 27 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X JEFFREY D CATALDO BUSINESS MGR CFO & ASST TREASURER 8609276046 PO BOX 2006 KENT CT 067570640 DAVID C CLAPP VICE PRESIDENT & TRUSTEE 2.00 X X 0 0 0 ROBERT S ANDERSON TREASURER & TRUSTEE 2.00 X X 0 0 0 CATHLEEN P BLACK TRUSTEE 2.00 X 0 0 0 ANDREW A BOGLE TRUSTEE 2.00 X 0 0 0 FREDERIC A BOURKE III TRUSTEE 2.00 X 0 0 0 JOHN HARVEY TRUSTEE 2.00 X 0 0 0 PETER PATCH TRUSTEE 2.00 X 0 0 0 WILLIAM G CAREY III TRUSTEE 2.00 X 0 0 0 ALAN S S CHUANG TRUSTEE 2.00 X 0 0 0 THOMAS CRAIG TRUSTEE 2.00 X 0 0 0 SIR RICHARD B DEARLOVE TRUSTEE 2.00 X 0 0 0 ANN DICKINSON TRUSTEE 2.00 X 0 0 0 ALICE C FRELINGHUYSEN TRUSTEE 2.00 X 0 0 0 PETER W GETSINGER TRUSTEE 2.00 X 0 0 0 THOMAS L HARRISON TRUSTEE 2.00 X 0 0 0 ROBERT F HOERLE TRUSTEE 2.00 X 0 0 0 HENRIK VANDERLIP TRUSTEE 2.00 X 0 0 0 HELEN M PARDOE TRUSTEE 2.00 X 0 0 0 WILLIAM C PETTY III TRUSTEE 2.00 X 0 0 0 LORD JONATHAN ROTHMERMERE TRUSTEE 2.00 X 0 0 0 LYNN DOE SHIPWAY TRUSTEE 2.00 X 0 0 0 REV E DON TAYLOR TRUSTEE 2.00 X 0 0 0 BRUCE N WHITMAN TRUSTEE 2.00 X 0 0 0 KIMBERLY BRAINARD NAYLOR TRUSTEE 2.00 X 0 0 0 RENE A LACERTE TRUSTEE 2.00 X 0 0 0 WILLIAM W WURTS TRUSTEE 2.00 X 0 0 0 BENJAMIN WARING PARTRIDGE III PRESIDENT & TRUSTEE 2.00 X X 0 0 0 MAGALEN C WEBERT TRUSTEE 2.00 X 0 0 0 RICHARDSON W SCHELL SECRETARY & HEADMASTER 60.00 X 359947 0 119551 JEFFREY D CATALDO ASST. TREASURER & CFO 50.00 X 204093 0 104803 MARC CLOUTIER ASST. SECRETARY & DIR OF DEVELOP. 50.00 X 138485 0 72621 ADAM FISCHER FUNDRAISER 50.00 X 119794 0 65905 KENT ALLEY FUNDRAISER 50.00 X 103326 0 57891 KATHERINE SULLIVAN DIRECTOR OF ADMISSIONS 50.00 X 106735 0 17064 CATHERINE MAZZA DEAN OF STUDENTS 50.00 X 114137 0 65814 TODD MARBLE DIRECTOR OF ATHLETICS 50.00 X 101398 0 34454 THOMAS B SIDES FORMER OFFICER 50.00 X 150524 0 27328 1398439 0 565431 9 1 1 0 ABM JANITORIAL SERVICES PO BOX 1534 NEW YORK NY 10008 CLEANING SERVICE 692923 WILLIAM C GAWEL PO BOX 31 KENT CT 06757 EXCAVATION 488489 SLAM COLLABORATIVE INC PO BOX 12 BRATTLEBORO VT 05302 ARCHITECTS 476347 WILLIAM PEROTTI PO BOX 248 EAST CANNAN CT 06024 PLUMBING/HEATING/HVAC 260681 SUPERIOR ROOFING 1029 KINGS HWY SAUGERTIES NY 12477 ROOFING 197730 9 8169 2542692 379224 2550861 TUITION & RELATED SERV. 611710 30673044 30673044 OTHER PROGRAM RELATED FEES 611710 655495 655495 SUMMER RENTAL INCOME 531190 158758 158758 MEMBERSHIP DUES 713940 34350 34350 31521647 1022212 1474 1020738 8360029 4539724 3820305 3820305 3820305 367989 250689 117300 117300 39032325 31487297 35824 4958343 7382580 7382580 1005480 212829 527367 265284 64250 64250 10656507 8913249 1088001 655257 1632780 1390971 162646 79163 2193547 1930913 161991 100643 796601 635859 101559 59183 246707 246707 69138 69138 619555 619555 195024 144085 50939 12639 12639 1399639 1036263 236878 126498 117339 60372 7439 49528 2982492 2982492 473984 303223 74324 96437 62638 62638 1177974 1177974 3013696 2832874 150685 30137 243655 243655 EQUIP. RENTAL & MAINT. 1202263 1143289 58974 FOOD 578692 578692 1867312 1116783 572389 178140 37994492 31906698 4384886 1702908 20758897 11552378 6668761 5245720 6602846 1357308 292868 294700 3962307 255907 116689386 52180920 57985659 64508466 50365219 59449290 14701307 14824640 744184 684108 162082048 158172517 2789656 2174362 20365527 10227526 32994296 31503145 3319379 1917417 59468858 45822450 X 50160614 52813683 9671872 15419656 42780704 44116728 102613190 112350067 162082048 158172517 X 1037833 7397858 1301186 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59788594 1778186 9657527 4185000 67039307 55822436 1261351 6642807 3938000 59788594 59690734 654696 -864994 3658000 55822436 52804510 628572 9985652 3728000 59690734 51220227 814066 4564585 3794368 52804510 0.19000 0.62000 0.19000 0 0 705348 705348 94581748 35711900 58869848 11808180 9958863 1849317 9594110 6510157 3083953 64508466 ALTERNATIVE INVESTMENTS 13108195 F REAL ESTATE 250000 F SPLIT INTEREST AGREEMENTS 1466445 F 14824640 ACCRUED PENSION EXPENSE 1171051 POOLED INCOME FUND LIABILITY 344046 LIABILITY UNDER SPLIT INTEREST AGREEMENTS 402320 1917417 37943440 7397858 -8737432 -1339574 39283014 -250689 -250689 39032325 28206563 -1050496 -1050496 29257059 8737433 8737433 37994492 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO SUPPORT THE SCHOOL'S MISSION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION -8,124,580. INVESTMENT FEES -612,853. ROUNDING 1. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS -250,689. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS 250,689. CHANGE IN PENSION LIABILITY -1,301,186. ROUNDING 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION 8,124,580. INVESTMENT FEES 612,853. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A NOTICE OF OUR NONDISCRIMINATORY POLICY AS TO STUDENTS WAS PUBLISHED IN THE HARTFORD COURANT SCHEDULE E, PART I, LINE 6 KENT SCHOOL RECEIVES A GRANT FROM THE REGION 1 SCHOOL DISTRICT. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 FUNDRAISING 7500 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM ADMISSIONS 7800 SUB-SAHARAN AFRICA 0 0 PROGRAM ADMISSIONS 1600 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 FUNDRAISING 1000 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM ADMISSIONS 61000 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM ADMISSIONS 13000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 2442836 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 35959 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM ADMISSIONS 1848 0 0 0 0 0 0 2570695 1848 2572543 0 0 1 0 1 0 1 STUDENT FINANCIAL AID 219 7382580 FAIR VALUE WAIVE TUITION, FEES, AND OTHER CHARGES FOR THOSE STUDENTS WHO QUALIFY FOR AID. PART I, LINE 2: FINANCIAL AID IS PROVIDED VIA A WAIVER OF TUITION, FEES, AND OTHER CHARGES. X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 RICHARDSON W SCHELL SECRETARY & HEADMASTER 358872 0 0 0 1075 0 96161 0 23390 0 479498 0 0 0 JEFFREY D CATALDO ASST. TREASURER & CFO 199993 0 0 0 4100 0 22688 0 82115 0 308896 0 0 0 MARC CLOUTIER ASST. SECRETARY & DIR OF DEVELOP. 138485 0 0 0 0 0 44659 0 27962 0 211106 0 0 0 ADAM FISCHER FUNDRAISER 119794 0 0 0 0 0 13233 0 52672 0 185699 0 0 0 KENT ALLEY FUNDRAISER 103326 0 0 0 0 0 11990 0 45901 0 161217 0 0 0 CATHERINE MAZZA DEAN OF STUDENTS 114137 0 0 0 0 0 42680 0 23134 0 179951 0 0 0 THOMAS B SIDES FORMER OFFICER 121524 0 0 0 29000 0 13200 0 14128 0 177852 0 0 0 PART I, LINE 1A BUSINESS CLASS TRAVEL IS PROVIDED FOR THE HEADMASTER ON CERTAIN EUROPEAN TRIPS. CERTAIN EMPLOYEES, INCLUDING THE HEADMASTER, ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. A CLEANING SERVICE IS PROVIDED FOR THE HEADMASTER'S RESIDENCE. A CHEFA 060806186 20774LJ97 2004-10-06 21725000 REFUND EXISTING DEBT 0 0 0 B CHEFA 060806186 2013-03-28 17490000 REFUND EXISTING DEBT & ISSUANCE OF NEW DEBT 0 0 0 A 22982518 22228726 344792 409000 2004 0 1 1 1 B 17490000 786281 9335000 155000 7213719 2014 0 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.01000 0.01000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CHEFA DATE THE REBATE COMPUTATION WAS PERFORMED: 10/05/2009 BETTINA CLOUTIER SPOUSE OF AN OFFICER 64250 EMPLOYMENT 0 BENJAMIN WARING PARTRIDGE PRESIDENT & TRUSTEE 229200 RENTAL PAYMENTS 0 SCHEDULE L, PART IV: IN MARCH OF 2013 THE SCHOOL ENTERED INTO A 60 MONTH LEASE FOR A BUILDING AND SURROUNDING PROPERTY WITH A SINGLE MEMBER LLC OWNED BY A MEMBER OF THE BOARD OF TRUSTEES.EMPLOYMENT OF INTERESTED PERSONS IS REVIEWED AND APPROVED AS APPROPRIATE BASED ON THE INDIVIDUAL'S ABILITY TO PERFORM THE JOB. X 38 364224 FMV X HORSES 1 15000 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION CONSIST OF THE HEADMASTER AND THE CURRENT MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION VOTE ON THE TRUSTEE NOMINATIONS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS VOTE ON AND APPROVE DECISIONS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 AND ALL RELATED SCHEDULES ARE REVIEWED WITH THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT CHAIR HAS RESPONSIBILITY FOR ENSURING BOTH ACCURATE AND COMPLETE FINANCIAL AND TAX DISCLOSURE. ONCE FORM 990 IS APPROVED BY THE AUDIT CHAIR, FORM 990, EXCLUDING THE SCHEDULE B, IS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE SCHOOL SURVEYS THE FULL BOARD OF TRUSTEES TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. THE PROCESS IS REVIEWED BY BOTH THE HEADMASTER'S OFFICE AND THE BUSINESS MANAGER'S OFFICE TO CONFIRM NO CONFLICT OF INTEREST OR TO REVIEW THE POSSIBLE CONFLICT AND RESOLVE AS APPROPRIATE. ALL CONFLICTS MUST BE VOTED ON AND APPROVED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE WILL CONSIDER THE SKILL SET OF THE HEAD OF SCHOOL, THE EXPERIENCE LEVEL OF THE HEAD OF SCHOOL AND WILL BENCHMARK CURRENT COMPENSATION AND PROPOSED COMPENSATION AGAINST OTHER HEADMASTERS IN OUR PEER GROUP. FURTHER, THE COMMITTEE, IF IT DEEMS APPROPRIATE, WILL LOOK TO THE ADVICE OF A 3RD PARTY CONSULTANT TO VALIDATE COMPENSATION. THE COMMITEE WILL THEN MAKE A RECOMMENDATION AS TO THE COMPENSATION WHICH WILL BE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FOR OTHER OFFICERS AND KEY EMPLOYEES, THE BUSINESS MANAGER AND THE HEADMASTER WILL REVIEW COMPENSATION IN CONJUNCTION WITH JOB RESPONSIBILITY, SKILL SET AND EXPERIENCE. THE JOB WILL THEN BE BENCHMARKED AGAINST OTHER POSITIONS AT OTHER SCHOOLS WITHIN OUR PEER GROUP. THE PROPOSED COMPENSATION WILL THEN BE DISCUSSED AS NECESSARY WITH MEMBERS OF THE BOARD'S EXECUTIVE COMMITTEE. IN THE RECENT PAST, A 3RD PARTY CONSULTANT HAS NOT BEEN USED TO SET THE COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S BY LAWS, CERTIFICATE OF INCORPORATION, AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND ALL TAX RELATED DOCUMENTATION WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 1,301,186. PART VII, SECTION A - COMPENSATION: THE KENT SCHOOL HAS DISCLOSED THE VALUE OF HOUSING AS A NONTAXABLE BENEFIT ON PART VII, SECTION A AND ON SCHEDULE J. HOWEVER, THE KENT SCHOOL DOES NOT CONSIDER THE HOUSING TO BE AN EMPLOYEE BENEFIT. HOUSING IS A CONDITION OF EMPLOYMENT THAT IS REQUIRED AND NECESSARY TO ALLOW CERTAIN EMPLOYEES TO PERFORM THEIR JOB RESPONSIBILITIES.