2015-10-23T09:22:34-05:00 2015-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPA PC 19 MORGAN DRIVE LEBANON NH 03766 990 2014-07-01 020222147 KIMBALL UNION ACADEMY KIMB 6034693211 PO BOX 188 MERIDEN NH 037700188 ROBERT BLAKE CFO 6034693211 2015-10-21 1 JAMES N GODFREY CPA P00913422 6036530044 2015-10-13 2014 2016-02-25 16:41:14Z ROBERT BLAKE MAIN STREET MERIDEN NH 03770 21662382 0 X WWW.KUA.ORG X 1813 NH SECONDARY EDUCATION 20 19 206 0 174870 -106114 4047534 2745486 15886305 16870917 2019153 1621524 178921 220136 22131913 21458063 3658028 3566113 0 0 7579882 8042093 0 0 957515 10317783 9120312 21555693 20728518 576220 729545 73201300 72260277 24114253 23822159 49087047 48438118 KIMBALL UNION ACADEMY PREPARES STUDENTS FOR THE CHALLENGES OF TOMORROW'S WORLD BY INSPIRING ACADEMIC MASTERY, CREATIVITY, RESPONSIBILITY, AND LEADERSHIP. 0 0 16678365 3566113 16870917 PRIVATE HIGH SCHOOL THAT SERVES 233 BOARDING STUDENTS AND 102 DAY STUDENTS. 16678365 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 0 1 0 0 0 0 0 0 0 0 1 70 0 1 206 1 1 1 0 0 0 0 0 0 0 0 0 X 20 19 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 WILLIAM A BLACK BOARD CHAIR 1.00 X X 0 0 0 DAVID G POND VICE CHAIR 1.00 X X 0 0 0 ROB SNOW TREASURER 1.00 X X 0 0 0 KATHRYN F MUNRO SECRETARY 1.00 X X 0 0 0 MICHAEL BORISLOW TRUSTEE 1.00 X 0 0 0 CHRISTOPHER BURNS TRUSTEE 1.00 X 0 0 0 WILLIAM BARKER TRUSTEE 1.00 X 0 0 0 PHILLIP R DEGUIRE TRUSTEE 1.00 X 0 0 0 ALLAN FERGUSON TRUSTEE 1.00 X 0 0 0 ROBERT P FITZGERALD JR TRUSTEE 1.00 X 0 0 0 ELLA SMITH TRUSTEE 1.00 X 0 0 0 KRIS GRAHAM TRUSTEE 1.00 X 0 0 0 PETER CROWELL 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 ROBIN A SCHILTKAMP 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 MICHAEL SCHAFER HEAD OF SCHOOL 40.00 X 336287 0 151470 ROBERT BLAKE CFO 40.00 X 82202 0 11989 GREGORY POLLARD DIRECTOR OF DEVELOPMENT 40.00 X 142810 0 113861 561299 0 277320 2 0 1 0 0 2745486 1117350 2745486 TUITION 611710 15341642 15341642 PROGRAM SUPPORT 611710 991183 991183 SUMMER PROGRAMS 611710 538092 538092 16870917 802707 802707 9500 0 9500 9500 9500 784352 34465 0 0 784352 34465 818817 818817 192590 204319 -11729 -11729 CHILD CARE FEES - NON- 624410 102913 102913 ATHLETIC FACILITY RENT 713940 71957 71957 CHILD CARE FEES - KUA 624410 47495 47495 222365 21458063 16870917 174870 1666790 3566113 3566113 544259 544259 5799491 4664395 603506 531590 461625 364350 55751 41524 795000 621228 102972 70800 441718 328365 75930 37423 66130 66130 133453 133453 119036 119036 181872 77399 29122 75351 934655 934655 166142 78324 23900 63918 14162 3947 10215 514490 514490 2221049 2221049 84174 54560 29614 EDUCATIONAL EXPENSES 1649977 1649977 BAD DEBT EXPENSE 1204655 1204655 PLANT EXPENSE 505737 505737 SCHOOL- GENERAL 354612 140452 210965 3195 970168 834288 2166 133714 20728518 16678365 3092638 957515 5808692 6188931 4190617 2380151 336292 342879 174674 189794 121872 215016 58137381 22111554 36513565 36025827 23907646 24280353 1345902 1833077 802040 804249 73201300 72260277 1101472 1182578 7272840 7120897 12570000 12290000 532568 507127 2637373 2721557 24114253 23822159 X 29988029 29729860 6761928 6204024 12337090 12504234 49087047 48438118 73201300 72260277 X 729545 -1236144 -142330 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25684289 303432 180416 500000 25668137 22378528 866811 2903410 500000 25684289 14253374 7159012 1466142 500000 22378528 13889800 978760 34814 650000 14253374 12179790 636473 1573537 500000 13889800 0.36840 0.48720 0.14440 0 0 4090094 4090094 37908065 19663539 18244526 12276289 102844 12173445 3648251 2345171 1303080 214682 214682 36025827 CAPITAL LEASE 255301 RETIREMENT OBLIGATION 421856 DEFERRED COMPENSATION 119264 INTEREST RATE SWAP 1925136 2721557 16584342 -1236144 -3504124 -4740268 21324610 133453 133453 21458063 17233271 204319 204319 17028952 133453 3566113 3699566 20728518 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 -3,566,113. INTEREST RATE SWAP -142,330. COST OF GOODS SOLD 204,319. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING COST OF GOODS SOLD 204,319. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,566,113. 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 148 3566113 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 290217 0 45000 0 1070 0 26000 0 125470 0 487757 0 0 0 GREGORY POLLARD DIRECTOR OF DEVELOPMENT 142810 0 0 0 0 0 14843 0 99018 0 256671 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 2007-10-01 10000000 STUDENT CENTER RENOVATIONS & DEFERRED MAINTENANCE PROJECTS 0 0 0 B NHHEFA 020279866 664614TA7 2013-09-20 3200000 MILLER BUILDING 0 0 0 A 10000000 203481 6792761 3003758 2008 0 0 1 1 B 3200000 35103 3164897 2014 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 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 GAYLE SCHAFER ADMISSIONS ASSOCIATE 29600 GAYLE SCHAFER, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE HEAD OF THE SCHOOL, MICHAEL J. SCHAFER. 0 BARBARA POLLARD ASSITANT ATHLETIC DIRECTOR 28000 BARBARA POLLARD, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE SCHOOL'S DIRECTOR OF DEVELOPMENT, GREG POLLARD. 0 X 44 980417 FMV X GIFTS-IN-KIND 8 136393 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 -142,330.