2015-02-13T13:30:23-06:00 2014-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2013-07-01 221500475 BLAIR ACADEMY BLAI 9083626121 PO BOX 600 BLAIRSTOWN NJ 07825 JAMES FRICK ASSISTANT TREASURER 9083626121 2015-02-13 1 STACY CULLEN P00974308 2159798800 2015-02-13 2013 2016-02-25 16:41:14Z CHRISTOPHER FORTUNATO PO BOX 600 BLAIRSTOWN NJ 07825 41440993 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. 31 31 224 29 666103 -194099 7357289 6385120 21788037 22777269 2407525 2940341 740273 622267 32293124 32724997 4529075 4826353 0 0 12006148 12481405 0 0 1984744 11148862 11538286 27684085 28846044 4609039 3878953 164489727 180040826 33026502 33132511 131463225 146908315 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 24559981 4826353 22777269 BLAIR ACADEMY SERVES 458 STUDENTS FROM 24 COUNTRIES AND 22 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. 24559981 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 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 59 0 224 1 1 1 0 0 0 0 0 0 0 0 0 X 31 31 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 JOHN E ALDEN JR TRUSTEE 5.00 X 0 0 0 EMMANUEL BELLO TRUSTEE 5.00 X 0 0 0 REV SHERRY A BLACKMAN TRUSTEE 5.00 X 0 0 0 KEVIN CLAYTON TRUSTEE 5.00 X 0 0 0 SEAN COLLINS TRUSTEE 5.00 X 0 0 0 JAYMEL CONNOR TRUSTEE 5.00 X 0 0 0 WAYNE P CROWDER TRUSTEE 5.00 X 0 0 0 ANTHONY DADDINO TRUSTEE 5.00 X 0 0 0 JORDAN EHMANN TRUSTEE 5.00 X 0 0 0 AISHA D GAYLE TURNER 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 HULL JR 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 CORY S KIRBY TRUSTEE 5.00 X 0 0 0 HON JOEL A KOBERT 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 DONALD H MCCREE JR TRUSTEE 5.00 X 0 0 0 STACEY MCCONNELL TRUSTEE 5.00 X 0 0 0 MARK D MOON TRUSTEE 5.00 X 0 0 0 KEITH H RAUSCHENBACH TRUSTEE 1.00 X 0 0 0 STEPHANIE I ROGEN TRUSTEE 1.00 X 0 0 0 ROBERT G SIGETY TRUSTEE 1.00 X 0 0 0 ALEXANDER J SLOANE TRUSTEE 1.00 X 0 0 0 AMELIA C WOLFE TRUSTEE 1.00 X 0 0 0 CHRISTOPHER FORTUNATO HEAD OF SCHOOL 40.00 X 149172 0 28142 JAMES A FRICK ASST. TREASURER AND ASST. SECRETARY 40.00 X 302308 0 71235 T CHANDLER HARDWICK HEADMASTER 40.00 X 266923 0 44519 SELDEN D BACON JR FACULTY 40.00 X 123692 0 84276 LEWIS M STIVAL FACULTY 40.00 X 111017 0 26354 RYAN PAGOTTO FACULTY 40.00 X 121025 0 27491 DEBRA GORDON STAFF 40.00 X 102576 0 17505 CARA MOHLMANN FACULTY 40.00 X 113275 0 12214 1289988 0 311736 9 0 1 0 SODEXO 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE 2756187 DAMON G DOUGLAS COMPANY 28 WORLDS FAIR DRIVE SUITE A SOMERSET NJ 08873 CONSTRUCTION 1338637 ELITE COMMERCIAL 804 WEST MEEKER ST STE 201 KENT WA 98032 CONSTRUCTION 842658 SJ FUEL COMPANY 601 UNION ST BROOKLYN NY 11215 HEATING OIL 674494 R&W CONCRETE 935 WEST 6TH STREET LANSDALE PA 19446 CONSTRUCTION 345600 12 6385120 661887 6385120 TUITION/FEES 611600 22304783 22304783 SUPPORT SERVICES 611710 472486 472486 22777269 1545443 1545443 34179 0 34179 34179 34179 10110894 8715996 1394898 1394898 1394898 SUMMER PROGRAMS 611710 575177 575177 GOLF & TENNIS 713910 56747 56747 -43836 -43836 588088 32724997 22733433 666103 2940341 4826353 4826353 881827 881827 7824946 6664615 530430 629901 597862 557250 40612 2539943 1883434 495292 161217 636827 494666 95408 46753 34447 34447 42950 42950 3408410 2818136 32932 557342 2351210 2351210 108596 55183 53413 919624 919624 2298761 2298761 247744 247744 CUSTODIAL SERVICES 799258 799258 OUTSIDE SERVICES 644917 554752 90165 PROPERTY TAXES 45381 45381 636988 21400 210247 405341 28846044 24559981 2301319 1984744 10593293 8485023 8381710 7942073 729122 588061 787671 1118349 95077080 30723362 61656984 64353718 54874750 61573511 24690919 33207201 2775278 2772890 164489727 180040826 850422 1823804 3366631 3232965 26094183 25486122 2715266 2589620 33026502 33132511 X 68001779 76699270 26158929 31943616 37302517 38265429 131463225 146908315 164489727 180040826 X 3878953 11202669 363468 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76455976 1634046 10802340 88892362 68046201 1651476 6758299 76455976 67513073 3908356 -3375228 68046201 55961503 2268937 9282633 67513073 49379759 2663529 3918215 55961503 0.30590 0.43050 0.26360 0 0 1553144 1553144 82838372 24798069 58040303 6804611 5925293 879318 3880953 3880953 64353718 ALTERNATIVE INVESTMENTS 33207201 F 33207201 INTEREST RATE SWAP AGREEMENT 2589620 2589620 X 39101313 11202669 11202669 27898644 4826353 4826353 32724997 24019691 0 24019691 4826353 4826353 28846044 PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (JUNE 30, 2011 - JUNE 30, 2013) OR EXPECTED TO BE TAKEN IN THE ACADEMY'S TAX RETURN FOR THE YEAR ENDED JUNE 30, 2014 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 4,826,353. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED AGAINST STUDENT TUITION AND FEES ON FINANCIAL STATEMENTS 4,826,353. 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 4826353 PART I, LINE 2: STUDENT AID AMOUNTS ARE APPLIED AGAINST TUITION COSTS. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER FORTUNATO HEAD OF SCHOOL 149172 0 0 0 0 0 11250 0 16892 0 177314 0 0 0 JAMES A FRICK ASST. TREASURER AND ASST. SECRETARY 302308 0 0 0 0 0 21150 0 50085 0 373543 0 0 0 T CHANDLER HARDWICK HEADMASTER 266923 0 0 0 0 0 15000 0 29519 0 311442 0 0 0 SELDEN D BACON JR FACULTY 123692 0 0 0 0 0 11900 0 72376 0 207968 0 0 0 A NJ ECONOMIC DEVELOPMENT AUTHORITY 222045817 645912062 2007-10-01 23355000 REFUND PRIOR ISSUE 1995 BONDS AND 1999 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 23355000 510046 7815828 342996 14686130 2009 0 1 1 1 B 5000000 4272153 2821 121018 727847 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 1 WACHOVIA 30.000000000000 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 X 50 661887 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 237,822. CHANGE IN VALUE OF INTEREST RATE SWAP 125,646. FORM 990, PART XI, LINE 2C THE BUDGET COMMITTEE OVERSEES THE AUDIT AND SELECTS THE AUDITORS AT THEIR MEETING IN MAY.