2015-12-17T15:58:01-06:00 2015-06-30 061271935 TRACY E FILLOW CPA 23 SOUTH MAIN ST PO BOX 799 KENT CT 06757 990 2014-07-01 060726595 MARVELWOOD SCHOOL INC MARV 8609275316 476 SKIFF MT RD PO BOX 3001 KENT CT 067573001 RICHARD BECKER CHIEF FINANCIAL OFFICER 8609275316 2015-12-16 1 TRACY E FILLOW CPA P00634557 8609274848 2015-12-10 X 2014 2016-03-07 17:11:31Z ARTHUR F GOODEARL JR 476 SKIFF MOUNTAIN ROAD KENT CT 06757 10821251 0 X WWW.MARVELWOOD.ORG X 1956 CT MARVELWOOD IS A BOARDING SCHOOL PROVIDING COLLEGE-PREPARATORY EDUCATION TO APPROX. 160 STUDENTS. 12 12 88 166 185648 -4524 425396 712436 8554438 9314460 138314 114560 229054 222748 9347202 10364204 1152472 1219063 0 0 3847035 4072598 0 0 703280 4232384 4634885 9231891 9926546 115311 437658 16368808 16347229 9424706 9004297 6944102 7342932 X MARVELWOOD'S MISSION IS TO PROVIDE THE PATH THAT LEADS TOPERSONAL GROWTH AND ACADEMIC SUCCESS FOR YOUNG PEOPLEWILLING TO GET INVOLVED IN THEIR OWN EDUCATION ANDCOMMITTED TO THE CHALLENGE OF PREPARING FOR COLLEGE.THE SCHOOL IS AN OPTIMISTIC PLACE THAT PROVIDES A STRUCTURED,SUPPORTIVE AND CHALLENGING ENVIRONMENT, CELEBRATES DIVERSITY,AND AWAKENS UNTAPPED POTENTIAL. 0 0 7820903 1219063 9336435 MARVELWOOD PROVIDES SECONDARY SCHOOL EDUCATION TO APPROXIMATELY 160, PRIMARILY BOARDING, STUDENTS. NONACADEMIC PROGRAMS INCLUDE WEEKLY COMMUNITY SERVICE, VISUAL AND PERFORMING ARTS ELECTIVES AND INTERSCHOLASTIC AND NONCOMPETITIVE SPORTS. THE SCHOOL PROVIDES A STRUCTURED, SUPPORTIVE AND CHALLENGING ENVIRONMENT FOR COLLEGE PREPARATORY EDUCATION. 7820903 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 67 0 88 1 1 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 0 0 X RICHARD BECKER 8609270047 476 SKIFF MOUNTAIN ROAD KENT CT 06757 TIMOTHY K CARPENTER CHAIR 2.00 X X 0 0 0 MARK ESPOSITO VICE CHAIR, DEV. COMM.CHAIR 2.00 X X 0 0 0 ROBERT F OBER JR SECRETARY, PROGRAM COMM. CHAIR 2.00 X X 0 0 0 ANN WURZER THOMSON TREASURER, FINANCE COMM. CHAIR 2.00 X X 0 0 0 EUN OK HAN BOARD MEMBER 2.00 X 0 0 0 SARAH D'AGOSTINO CHRISTENSEN BOARD MEMBER 2.00 X 0 0 0 WILLIAM W DENNETT ADMISSIONS COMMITTEE CHAIR 2.00 X 0 0 0 FRANK MOORE BOARD MEMBER 2.00 X 0 0 0 ELLEN MCALLISTER BOARD MEMBER 2.00 X 0 0 0 PETER TACY BOARD MEMBER 2.00 X 0 0 0 PATRICK G DUFFY BOARD MEMBER 2.00 X 0 0 0 RICHARD L HODDESON BOARD MEMBER 2.00 X 0 0 0 ARTHUR GOODEARL HEADMASTER 40.00 X 174011 0 44129 RICHARD BECKER CHIEF FINANCIAL OFFICER 40.00 X 127881 0 32141 301892 0 76270 2 0 1 0 BELL ELECTRICAL CONTRACTORS LLC 885 NEW HARWINTON ROAD TORRINGTON CT 06790 ELECTICAL CONTRACTOR 139191 PREFERRED MAINTENANCE LLC 40 SOUTH END PLAZA NEW MILFORD CT 06776 HOUSEKEEPING 132917 2 2643 709793 77187 712436 TUITION & FEES 900099 9314460 9314460 9314460 108577 108577 279804 273821 5983 5983 5983 81621 104651 -23030 -23030 116730 78575 38155 38155 FACILITY RENTAL 721000 185648 185648 INSURANCE BENEFIT 900099 12868 12868 COMMISSIONS 900099 4390 4390 4717 4717 207623 10364204 9336435 185648 129685 1219063 1219063 345833 345833 2899821 2193669 358746 347406 91072 62486 15893 12693 443654 317821 74193 51640 292218 220133 46349 25736 3384 3384 26760 26760 24334 24334 107204 28433 78396 375 41246 41246 205705 38220 87250 80235 135544 76489 40580 18475 1543102 1435085 77155 30862 214219 111440 48883 53896 1784 1659 89 36 626138 580764 32884 12490 323148 319815 2381 952 FOOD & KITCHEN SERVICES 657309 611297 32866 13146 STUDENT ACTIVITIES 289430 289430 0 0 TEACHING MATERIALS 179936 179936 0 0 DUES, SEMINARS & FEES 68084 22685 25630 19769 187558 112478 39511 35569 9926546 7820903 1402363 703280 109345 3553136 2418662 200000 0 74848 49040 72779 59657 68886 97448 15939069 5780393 9812046 10158676 2138597 3003711 448516 450690 16368808 16347229 172995 168745 3850427 3494860 5140603 5092521 260681 248171 9424706 9004297 X 4329312 4430240 1448220 1740606 1166570 1172086 6944102 7342932 16368808 16347229 X 437658 -38188 -640 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2486334 147084 72468 2675 94409 2608802 2170462 62631 316300 1845 61214 2486334 1959909 58152 210553 1750 56402 2170462 1958161 71239 1748 2301 68938 1959909 1422575 359005 235486 1902 57003 1958161 0.31970 0.44920 0.23110 0 0 1115711 1115711 12723132 4242000 8481132 1910992 1538393 372599 189234 189234 10158676 STUDENT MISC. ACCOUNTS-CREDITS 239785 RESERVE FOR OTHER LIABILITIES 5000 OTHER EMPLOYEE BENEFIT LIABILITY 3386 248171 10418370 -38188 124354 86166 10332204 32000 32000 10364204 10019540 118838 118838 9900702 25844 25844 9926546 PART V, LINE 4: MARVELWOOD HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ARE INTENDED TO PROVIDE AT LEAST A 5% RETURN TO OPERATIONS OF THE SCHOOL. PORTIONS OF ENDOWMENT EARNINGS ARE RESTRICTED FOR FACULTY SALARIES, SCHOLARSHIPS, STUDENT RECREATION & SUPPORT. THE REMAINDER IS AVAILABLE FOR GENERAL OPERATIONS OF THE SCHOOL. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE REMAINDER RECEIVABLE 5,516. COST OF GOODS SOLD 78,575. SPECIAL EVENTS EXPENSE 40,263. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON ASSET DISPOSAL REPORTED AS EXPENSE ON FORM 990 25,844. ACTUAL GAIN ON THE SALE OF INVESTED SECURITIES 6,156. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 78,575. SPECIAL EVENTS EXPENSE 40,263. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON ASSET DISPOSAL REPORTED AS EXPENSE ON FORM 990 25,844. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE FOLLOWING STATEMENT WAS PUBLISHED IN THE HARTFORD COURANT NEWSPAPER ON NOVEMBER 16,2014: "THE SCHOOLS LISTED BELOW(INCLUDING MARVELWOOD SCHOOL) ADMIT STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. THEY DO NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF THEIR EDUCATIONAL POLICIES, ADDMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS." SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED A REIMBURSEMENT TYPE GRANT FROM THE REGION 1 REGIONAL SCHOOL SERVICES CENTER. THIS GRANT WAS USED FOR FACULTY DEVELOPMENT. THE TOTAL RECEIVED FOR THE YEAR ENDED JUNE 30, 2015 WAS $2,643. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 ADMISSIONS 4481 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 ADMISSIONS 10601 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 FUNDRAISING 27886 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 ADMISSIONS 2792 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 ADMISSIONS 5158 0 0 0 0 0 0 50918 0 50918 0 0 0 0 0 0 AUCTION 70221 70221 8949 6058 77147 GOLF OUTINGS 11400 11400 12497 81621 81621 8949 6058 89644 104651 -23030 1 FINANCIAL AID TO STUDENTS ATTENDING MARVELWOOD SCHOOL 47 0 1219063 FAIR MARKET VALUE DOLLAR FOR DOLLAR REDUCTION OF TUITION AND FEES. PART I, LINE 2: MARVELWOOD SCHOOL AWARDS FINANCIAL AID BASED ON FINANCIAL NEED. THE SCHOOL USES AN OBJECTIVE METHODOLOGY PROVIDED BY AN INDEPENDENT SERVICE FOR CALCULATING A FAMILY'S ABILITY TO CONTRIBUTE TO EDUCATION EXPENSES. FINANCIAL AID IS AWARDED ANNUALLY FOR ONE YEAR, THEREFORE, FINANCIAL AID REQUESTS MUST BE MADE EACH YEAR. FINANCIAL AID IS A DOLLAR FOR DOLLAR REDUCTION IN TUITION; NO CASH IS DISTRIBUTED. THEREFORE, IT IS NOT NECESSARY FOR THE SCHOOL TO MONITOR THE AWARD TO ENSURE PROPER USE. X 0 0 X X X 0 0 0 0 0 0 0 0 0 ARTHUR GOODEARL HEADMASTER 174011 0 0 0 0 0 8838 0 35291 0 218140 0 0 0 RICHARD BECKER CHIEF FINANCIAL OFFICER 127881 0 0 0 0 0 6492 0 25649 0 160022 0 0 0 PART I, LINE 1A THE HEADMASTER AND THE CHIEF FINANCIAL OFFICER ARE PROVIDED HOUSING ON CAMPUS FOR THE CONVENIENCE OF MARVELWOOD SCHOOOL, INC. PART I, LINE 3 THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION AND NEGOTIATES THE EMPLOYEMENT CONTRACT OF THE HEADMASTER. THE BOARD CONSIDERS THE COMPENSATION OF HEADMASTERS AT OTHER AREA SCHOOLS BY REFERENCE TO THEIR FORM 990S AND OTHER INFOMATION. X 4 12799 STOCK MARKET QUOTE X AUCTION ITEMS 117 64388 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S POLICY IS TO HAVE FORM 990 REVIEWED BY THE CHIEF FINANCIAL OFFICER PRIOR TO FILING WITH THE IRS. THE CHIEF FINANCIAL OFFICER DISCUSSES THE DOCUMENT IN DETAIL WITH THE CPA PREPARER, WHO MAKES CHANGES PURSUANT TO THAT REVIEW & DISCUSSION AND FINALIZES THE FILING COPY. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION'S CONFLICT OF INTEREST POLICY STATES THAT ALL TRUSTEES MUST DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTERST AT THE EARLIEST PRACTICABLE TIME AND THAT NO TRUSTEE SHALL PARTICIPATE IN DISCUSSIONS AND DELIBERATIONS OR VOTE ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A PERFORMANCE OF THE ORGANIZATION'S CEO/HEADMASTER IS EVALUATED ANNUALLY BY THE BOARD PRESIDENT AND AT LEAST TWO MEMBERS OF THE EXECUTIVE COMMITTEE. BASE COMPENSATION IS PAID ACCORDING TO A FIVE YEAR CONTRACT. INCREASES IN THE BASE SALARY AMOUNT ARE CONSIDERED AND DETERMINED ANNUALLY BY THE BOARD BASED ON A PERFORMANCE REVIEW, THE SCHOOL'S FINANCES AND OTHER RELEVANT FACTORS. THE COMPENSATION OF ALL OTHER EMPLOYEES IS DETERMINED BY THE HEADMASTER AND THE BOARD THROUGH THE NORMAL BUDGETARY PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER RECEIVABLE 5,516. ACTUAL INVESTED SECURITIES SALES REPORTED ON FORM 990 -6,156.