2014-04-28T08:34:46-05:00 2013-06-30 271728945 O'CONNOR DAVIES LLP ONE STAMFORD LANDING STAMFORD CT 06902 990 2012-07-01 060662125 THE FAIRFIELD COUNTRY DAY SCHOOL CORPORATION FAIR 2032592723 2970 BRONSON ROAD FAIRFIELD CT 06430 OFFICER 2032592723 2014-04-28 1 BRUCE BLASNIK P00733345 2033232400 2014-04-18 2012 2015-11-30 17:44:51Z MAUREEN BARTOLOMEO 2970 BRONSON ROAD FAIRFIELD CT 06430 12448674 0 X WWW.FAIRFIELDCOUNTRYDAY.ORG X 1936 CT ELEMENTARY SCHOOL EDUCATION 21 21 117 0 0 0 2629508 1933609 8132335 8610721 190103 341211 822 76587 10952768 10962128 889600 1083500 0 0 5009056 5249493 197500 171179 584698 3384416 3397126 9480572 9901298 1472196 1060830 22502245 26176392 3067724 5294170 19434521 20882222 X THE FAIRFIELD COUNTRY DAY SCHOOL CORPORATION (THE "SCHOOL") WAS FORMED IN 1936 TO EDUCATE BOYS IN SOUTHWESTERN CONNECTICUT FROM KINDERGARTEN THROUGH NINTH GRADE. THE SCHOOL PROVIDES AN EDUCATIONAL COMMUNITY DEDICATED TO THE PERSONAL GROWTH AND INTELLECTUAL DEVELOPMENT OF BOYS. A BALANCED AND CHALLENGING PROGRAM IS DESIGNED TO HELP EACH STUDENT EXPAND HIS DESIRE AND ABILITY TO ACQUIRE KNOWLEDGE, STIMULATE HIS CURIOSITY AND CREATIVITY, AND ENHANCE HIS SELF-ESTEEM AND RESPECT FOR OTHERS. EACH BOY'S INDIVIDUAL DEVELOPMENT IS ENCOURAGED IN AN ENVIRONMENT THAT ANTICIPATES THE FUTURE WHILE APPRECIATING THE PAST. 0 0 8235404 1083500 8610721 K THRU NINTH GRADE EDUCATION OF APPROXIMATELY 260 STUDENTS.GRANTS AND ALLOCATIONS IN THE FORM OF FINANCIAL AID TO STUDENTS IN NEED. 8235404 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 33 0 117 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X MAUREEN BARTOLOMEO 2032592723 2970 BRONSON ROAD FAIRFIELD CT 06430 JAMES D HAAS 4.00 X X 0 0 0 MARK BEAUDOIN 4.00 X X 0 0 0 ELIZABETH SOLAZZO 4.00 X X 0 0 0 ALAN B OFFENBERG 4.00 X X 0 0 0 GERRY PEARCE 1.00 X 0 0 0 TERILYN ESSE 1.00 X 0 0 0 CHERYL L BUNDY 1.00 X 0 0 0 DAN ZELSON 1.00 X 0 0 0 JAMES B VOSE 1.00 X 0 0 0 JAMES CONZELMAN III 1.00 X 0 0 0 JENNIFER POLING 1.00 X 0 0 0 KATHLEEN GARVEY 1.00 X 0 0 0 LAWRENCE G FOLEY 1.00 X 0 0 0 MICHAEL PALIOTTA 1.00 X 0 0 0 PATRICK J SHAW 1.00 X 0 0 0 SHEILA CLANCY 1.00 X 0 0 0 STEPHANIE B FROST 1.00 X 0 0 0 VIRGINIA CARGILL 1.00 X 0 0 0 SIMON FENNER 1.00 X 0 0 0 KEVIN HARMON 1.00 X 0 0 0 BRIAN MCGRATH 1.00 X 0 0 0 JOHN MUNRO 40.00 X 251009 0 75136 MAUREEN BARTOLOMEO 40.00 X 165147 0 30289 CLIFFORD PAIGE 40.00 X 130220 0 26527 RICHARD RUNKEL 40.00 X 127057 0 26160 DEBORAH SULLINGER 40.00 X 111633 0 17789 BRAD FALLON 40.00 X 111648 0 23432 896714 0 199333 6 0 1 0 CE FLOYD INC 306 INDUSTRIAL PARL RD MIDDLETOWN CT 06457 CONSTRUCTION CONTRACTOR 2937972 CONNECTICARE INC PO BOX 416191 BOSTON MA 02241 HEALTH INSURANCE 422255 ASH CREEK ENTERPRISES 1110 BROADBRIDGE AVE STRATFORD CT 06615 IT SERVICES 373918 FLIK INDEPENDENT SCHOOLS COMPASS GROUP PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 338962 COMMUNITY COUNSELING SERVICES CO LLC PO BOX 27462 NEW YORK NY 10087 DEVELOPMENT CONSULTING 227500 7 106980 1826629 1933609 TUITION AND FEES 611110 8137400 8137400 SUMMER PROGRAM INCOME 611710 384255 384255 OTHER SCHOOL PROGRAM INCOME 611710 89066 89066 8610721 159021 159021 1613692 1431502 182190 182190 182190 33125 106980 26287 6838 6838 98506 28757 69749 69749 10962128 8610721 0 417798 1083500 1083500 505766 178582 267657 59527 3689937 3301194 210939 177804 254818 227972 14567 12279 494622 442512 28275 23835 304350 272287 17398 14665 25245 25245 41503 41503 171179 171179 42657 42657 204062 177024 27038 121700 121700 762341 635120 127097 124 46738 46738 593840 592705 768 367 31693 31693 73272 73272 1064821 1057900 4685 2236 121326 121326 AUXILIARY EXPENSES 251532 251532 MISCELLANEOUS EXPENSES 16396 15076 338 982 9901298 8235404 1081196 584698 990304 1644059 505589 32489 1943793 2013800 75199 23714 7731 11734 375545 399974 26409070 10963401 12979966 15445669 5624118 6604953 22502245 26176392 1146767 582670 1211801 1307462 709156 3404038 3067724 5294170 X 13226969 16493679 3728767 1778593 2478785 2609950 19434521 20882222 22502245 26176392 1060830 386871 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1.90 0 0 0 1 0 1.00 0 1 6049776 170165 718547 327316 41992 6569180 6275845 155165 -68625 270217 42392 6049776 5627925 127730 1188200 621788 46222 6275845 5162231 432542 479046 417690 28204 5627925 6343914 976470 -1688316 17875 145419 31636 5437138 0.41120 0.39730 0.19150 0 0 1774732 1774732 22193329 9342053 12851276 1461850 907520 554330 979159 713828 265331 15445669 X 10222842 386871 386871 9835971 42657 1083500 1126157 10962128 8775141 0 8775141 42657 1083500 1126157 9901298 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUNDS CONSIST OF DONOR-RESTRICTED FUNDS ESTABLISHED FOR VARIOUS PURPOSES AS WELL AS BOARD-DESIGNATED FUNDS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES ARE CLASSIFIED AND REPORTED BASED UPON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE SCHOOL HAS CLASSIFIED ITS BOARD DESIGNATED ENDOWMENT AS UNRESTRICTED NET ASSETS AND ITS DONOR-RESTRICTED ENDOWMENT AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IN THE FINANCIAL STATEMENTS. THE BOARD OF TRUSTEES HAS INTERPRETED THE CONNECTICUT UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("CUPMIFA") AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE SCHOOL CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF THE GIFTS DONATED TO THE PERMANENT ENDOWMENT (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ARE CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE SCHOOL IN A MANNER CONSISTENT WITH THE STANDARD PRUDENCE PRESCRIBED BY CUPMIFA. IN ACCORDANCE WITH CUPMIFA, THE SCHOOL CONSIDERS THE VARIOUS FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS INCLUDING THE PURPOSE OF THE SCHOOL AND THE DONOR-RESTRICTED ENDOWMENT FUND, GENERAL ECONOMIC CONDITIONS, THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS AND OTHER SCHOOL RESOURCES. THE SCHOOL HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO FIVE PERCENT OF ITS ENDOWMENT FUND'S TOTAL AVERAGE MARKET VALUE OF INVESTMENTS OVER THE THREE YEARS PRECEDING THE FISCAL YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE SCHOOL CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG TERM, THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW. THIS IS CONSISTENT WITH THE SCHOOL'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM, AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO FISCAL 2010. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,083,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,083,500. CONSERVATION EASEMENTS - PART II, LINE 2. THE SCHOOL HAS NOT INCURRED ANY REVENUE OR EXPENSES RELATED TO THE EASEMENT HELD IN THE CURRENT FISCAL YEAR. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 A DISCLAIMER STATING THAT THE SCHOOL HAS A NON RACIALLY DISCRIMINATORY POLICY IS INCLUDED IN ITS PUBLICITY AND OPEN HOUSE HANDOUT MATERIALS. X X X X X X 1 CCS 451 FIFTH AVENUE NEW YORK NY 10017 STRATEGIC FUNDRAISING CONSULTING, FEASIBILITY STUDIES AND O 0 0 171179 -171179 171179 -171179 CT FUNDRAISER 2013 140105 106980 33125 5637 12670 7980 140105 106980 33125 5637 12670 7980 26287 6838 1 SCHOLARSHIPS 49 1083500 VALUE OF TUITION REDUCTION OR DIRECT OFFSET OF TUITION PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE SCHOOL GRANTS FINANCIAL AID AWARDS TO STUDENTS WHO DEMONSTRATE FINANCIAL NEED. STUDENTS SEEKING AID ARE REQUIRED TO COMPLETE THE SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID (SSS) APPLICATION. THE SCHOOL USES THE ANALYSIS OF SSS IN DETERMINING THE AMOUNT OF EACH STUDENT'S FINANCIAL AID AWARD. THE STUDENT'S TUITION BILL IS REDUCED BY THE AMOUNT OF THE FINANCIAL AID AWARDED. NO AMOUNTS ARE PAID OUT TO INDIVIDUALS DIRECTLY. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JOHN MUNRO 251009 0 0 0 0 0 16070 0 59066 0 326145 0 0 0 MAUREEN BARTOLOMEO 165147 0 0 0 0 0 17402 0 12887 0 195436 0 0 0 CLIFFORD PAIGE 130220 0 0 0 0 0 13799 0 12728 0 156747 0 0 0 RICHARD RUNKEL 127057 0 0 0 0 0 13450 0 12710 0 153217 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO THE HEADMASTER AS HE IS REQUIRED TO LIVE ON CAMPUS. THE HOUSING BENEFIT IS PART OF HIS NON-TAXABLE COMPENSATION TOTALING $46,000. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). SUPPLEMENTAL INFORMATION PART III SCHEDULE J, PART II COLUMN D - NONTAXABLE BENEFITS INCLUDE CONTRIBUTIONS TO EMPLOYEE HEALTH AND OTHER BENEFIT PLANS FOR ALL EMPLOYEES. MARGAROT PEARCE HEAD OF MIDDLE SCH WIFE TO A TRUSTEE OF THE SCHOOL AND EMPLOYED BY THE SCHOOL AS A TEACHER 64400 MARGAROT PEARCE, HEAD OF MIDDLE SCHOOL AND TEACHER AT THE SCHOOL IS MARRIED TO GERRY PEARCE, A TRUSTEE OF THE SCHOOL. MARGAROT AS A TEACHER AT THE SCHOOL RECEIVED TUITION REMISSION FOR THEIR TWO SONS FOR THE SCHOOL YEAR 2012-2013. 0 X 3 76177 FAIR VALUE UPON DONATION 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 FAIRFIELD COUNTRY DAY SCHOOL CIRCULATES AN EMAIL TO ALL TRUSTEES PRIOR TO THE TREASURER SIGNING OFF ON THE FORM 990 OFFERING TRUSTEES THE OPPORTUNITY TO REVIEW THE FORM 990 AT THE BUSINESS OFFICE AT THE SCHOOL. THE TREASURER REVIEWS THE FORM 990 BEFORE FILING AND SIGNING. THERE WERE NO CHANGES TO THE FORM BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C FAIRFIELD COUNTRY DAY SCHOOL HAS A WRITTEN CONFLICT OF INTEREST POLICY IN THE BOARD HANDBOOK. ALL TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM AT THE BEGINNING OF THE YEAR. THE FORM REQUIRES THE TRUSTEE TO INDICATE ANY POTENTIAL CONFLICTS. IF A CONFLICT IS INDICATED, THE EXECUTIVE COMMITTEE REVIEWS THE POTENTIAL CONFLICT AND DETERMINES ANY RESTRICTIONS ON THE ACTIVITY OR THE BOARD MEMBER'S PARTICIPATION. FORM 990, PART VI, SECTION B, LINE 15 FAIRFIELD COUNTRY DAY SCHOOL UTILIZES THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL STATISTIC REPORTS FOR HEADMASTER AND BUSINESS MANAGER COMPENSATION SETTING. EVERY YEAR DATA IS ANALYZED RELATIVE TO PEER SCHOOL COMPENSATION PACKAGES BEFORE COMPENSATION IS SET FOR THESE TWO POSITIONS. THE EXECUTIVE COMMITTEE SETS THESE SALARIES. THIS PROCESS TAKES PLACE EVERY YEAR IN MAY, LAST DONE IN MAY 2012. FORM 990, PART VI, SECTION C, LINE 19 FAIRFIELD COUNTRY DAY SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. OVERSIGHT OF THE AUDIT FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.