2015-04-30T13:17:15-05:00 2014-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2013-07-01 060655480 AVON OLD FARMS SCHOOL INC AVON 8604044100 500 OLD FARMS ROAD AVON CT 06001 ROBERT A ORENSTEIN CHIEF FINANCIAL OFFICER 8604044100 2015-04-28 1 JOHN TOSCANO P00358542 9592007000 2013 2016-03-07 17:11:31Z KENNETH H LAROCQUE 500 OLD FARMS ROAD AVON CT 06001 43877046 0 X WWW.AVONOLDFARMS.COM X 1927 CT SEE SCHEDULE O. 26 26 235 22 170013 0 4664550 4116555 19427835 20255764 1733441 2756941 2695062 1260865 28520888 28390125 4045508 4251962 0 0 11535508 12361894 0 0 1848410 9538752 10176223 25119768 26790079 3401120 1600046 107261618 111764656 36602618 36747092 70659000 75017564 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 20961165 4251962 20709790 INDEPENDENT SECONDARY SCHOOL WITH 306 BOARDING STUDENTS AND 109 DAY STUDENTS. 20961165 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 85 0 1 235 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROBERT A ORENSTEIN 8604044229 500 OLD FARMS ROAD AVON CT 06001 BRIAN B CONROY CHAIRMAN 1.00 X X 0 0 0 MARTIN I COLE CO-VICE CHAIRMAN 1.00 X X 0 0 0 BRENDAN L MCKERNAN CO-VICE CHAIRMAN/TREASURER 1.00 X X 0 0 0 JEROLD T GARVEY SECRETARY 1.00 X X 0 0 0 SARA ARNELL DIRECTOR 0.50 X 0 0 0 WILLIAM P AUSTIN DIRECTOR 0.50 X 0 0 0 ANDREW CAPUTO DIRECTOR 0.50 X 0 0 0 JORGE E CONSUEGRA JR 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 VINCENT J DOWLING JR DIRECTOR 0.50 X 0 0 0 JOHN EDWARDS DIRECTOR 0.50 X 0 0 0 MATTHEW H GATES DIRECTOR 0.50 X 0 0 0 JOSEPH S GIANNAMORE OUTGOING 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 X 0 0 0 CLAYTON JOHNSON DIRECTOR 0.50 X 0 0 0 WADE MCDEVITT DIRECTOR 0.50 X 0 0 0 ARMOUR N MELLON 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 JANICE STORY DIRECTOR 0.50 X 0 0 0 DON W TOREY OUTGOING DIRECTOR 0.50 X 0 0 0 FERN WACHTER DIRECTOR 0.50 X 0 0 0 NORBERT WILLIAMSON DIRECTOR 0.50 X 0 0 0 LINDA PRESTON WOODWELL DIRECTOR 0.50 X 0 0 0 KENNETH H LAROCQUE HEADMASTER 50.00 X 378435 0 91954 ROBERT A ORENSTEIN CHIEF FINANCIAL OFFICER 50.00 X 206842 0 42739 JOHN T GARDNER PROVOST 50.00 X 168610 0 67172 HENRY E FLANAGAN JR ADMISSIONS, ALUMNI & DEV., 50.00 X 143761 0 46809 JAMES M DETORA PROVOST 50.00 X 136442 0 54060 DANIEL J SEIDEN DIRECTOR OF DEVELOPMENT 50.00 X 117103 0 33433 BRENDAN WELKER DIRECTOR OF ADMISSIONS 50.00 X 109275 0 61022 1260468 0 397189 10 0 1 0 FLIK PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 912173 HARTFORD PROVISION COMPANY PO BOX 150473 HARTFORD CT 06115 FOOD SUPPLIER 293594 KRONENBERGER & SONS RESTORATION 175 INDUSTRIAL PARK ROAD MIDDLETOWN CT 06457 CONSTRUCTION SERVICES 275031 ATRION NETWORKING CORPORATION PO BOX 842083 BOSTON MA 02284 IT SUPPORT 125874 C & M CONTRACTING 759 CHIEF JUSTICE CUSHING HWY STE COHASSET MA 02025 CONSTRUCTION SERVICES 117997 5 73817 4042738 438070 4116555 TUITION AND FEES 611110 20226159 20226159 LEARNING CENTER REVENUE 611110 29605 29605 20255764 727010 727010 70506 0 70506 70506 70506 17261064 3500 15234633 0 2026431 3500 2029931 2029931 115369 73817 44112 71257 71257 320724 208176 112548 112548 SUMMER CAMP TUITIONS 611710 511491 341478 170013 HOCKEY RINK REVENUE 713910 337305 337305 MISCELLANEOUS INCOME 900099 157758 157758 1006554 28390125 20709790 170013 3393767 4251962 4251962 720171 233108 347198 139865 7923913 5695987 1340037 887889 972531 703261 156601 112669 2119258 1482134 386355 250769 626021 431954 118944 75123 58131 58131 60385 60385 90232 90232 1197350 1029268 113435 54647 51374 7914 43460 437556 134962 206693 95901 319525 207691 79881 31953 1797639 1527993 179764 89882 380272 207297 126345 46630 1448593 1303734 144859 2236320 2012688 223632 FOOD SERVICE 613323 568487 18586 26250 STUDENT SUPPLIES AND EX 602810 591419 10095 1296 SETTLEMENT EXPENSES 200000 200000 CAPITAL PROJECTS 196488 196488 486225 374818 75871 35536 26790079 20961165 3980504 1848410 2531846 1335139 3993385 5435432 4889580 4388152 78815 69646 134645 87234 174635 274919 103769659 48148373 57435587 55621286 32295579 44097173 5584346 143200 455675 107261618 111764656 576519 715796 7628689 8044038 24958002 24606000 3439408 3381258 36602618 36747092 X 54949041 58188864 7600662 8181107 8109297 8647593 70659000 75017564 107261618 111764656 X 1600046 2863354 -104836 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 91 51777 1630547 31470 1374434 1042684 42702784 1 1 40576492 1682325 5975837 1405904 46828750 32412955 6317740 3017848 1172051 40576492 33067652 392401 87477 1134575 32412955 29036819 693120 4479841 1142128 33067652 25346685 805939 3999455 1115260 29036819 0.74700 0.16600 0.08700 0 1 1 5020662 5020662 91159169 40982667 50176502 7589828 7165706 424122 55621286 INTEREST RATE SWAP AGREEMENT 3284837 CAPITAL LEASE 96421 3381258 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, 2014 AND 2013. THE SCHOOL'S U.S. FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2011 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. SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT RECRUITING 2946 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDENT RECRUITING 11783 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT RECRUITING 11701 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDENT RECRUITING 4994 0 0 0 0 0 0 31424 0 31424 0 0 0 0 0 0 PARENTS' DINNER/AUCTION 118280 73817 44463 44112 118280 73817 44463 44112 44112 351 1 SCHOLARSHIPS/STUDENT AID 158 4251962 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 329583 0 35000 0 13852 0 44815 0 47139 0 470389 0 0 0 ROBERT A ORENSTEIN CHIEF FINANCIAL OFFICER 181842 0 25000 0 0 0 19600 0 23139 0 249581 0 0 0 JOHN T GARDNER PROVOST 168610 0 0 0 0 0 25115 0 42057 0 235782 0 0 0 HENRY E FLANAGAN JR ADMISSIONS, ALUMNI & DEV., 143761 0 0 0 0 0 23095 0 23714 0 190570 0 0 0 JAMES M DETORA PROVOST 134442 0 2000 0 0 0 14625 0 39435 0 190502 0 0 0 DANIEL J SEIDEN DIRECTOR OF DEVELOPMENT 112103 0 5000 0 0 0 17483 0 15950 0 150536 0 0 0 BRENDAN WELKER DIRECTOR OF ADMISSIONS 109275 0 0 0 0 0 16474 0 44548 0 170297 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 AND CHIEF FINANCIAL OFFICER WERE AWARDED BONUSES DURING CALENDAR YEAR 2013. 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 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 26 392293 FAIR VALUE X VARIOUS DONAT 17 29783 FAIR VALUE X RECEPTION AND 6 11814 X SQUASH EQUIPM 1 4180 0 1 1 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 I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: 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. 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 21,522. PROVISION FOR UNCOLLECTIBLE PLEDGES -126,358. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS NOT CHANGED ITS 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