2014-02-11T09:44:47-06:00 2013-06-30 050487888 BATCHELOR FRECHETTE MCCRORY MICHAEL & CO PO BOX 156 PROVIDENCE RI 029010156 990 2012-07-01 050277258 ROCKY HILL SCHOOL INC ROCK 4018849070 530 IVES ROAD EAST GREENWICH RI 02818 EDWIN J SANTOS 4018849070 2014-02-10 1 GEORGE F WARNER P01238829 4016216200 2012 2015-11-30 17:44:51Z EDWIN J SANTOS 530 IVES ROAD EAST GREENWICH RI 02818 11093376 0 X WWW.ROCKYHILL.ORG X 1934 RI ROCKY HILL SCHOOL, INC. IS A CO-EDUCATIONAL COLLEGE PREPARATORY SCHOOL PROVIDING EDUCATION TO STUDENTS FROM PRESCHOOL THROUGH GRADE 12. 16 16 125 53 0 0 390881 400702 8176776 9099553 5447 61879 31678 110802 8604782 9672936 1714350 2538600 0 0 5473571 5444983 0 0 331494 2212816 2266608 9400737 10250191 -795955 -577255 9680656 9251283 5914355 6051019 3766301 3200264 X THE MISSION OF ROCKY HILL SCHOOL IS TO EDUCATE THE WHOLE CHILD - MIND, BODY, AND SPIRIT. AS A NURTURING SCHOOL COMMUNITY, WE ENCOURAGE OUR STUDENTS TO BECOME GOOD CITIZENS AND LIFE-LONG LEARNERS, GUIDING THEM AS THEY STRIVE FOR KNOWLEDGE AND SELF AWARENESS. 0 0 5938028 2538600 8204201 INSTRUCTIONAL SERVICES - PROGRAMS FOR STUDENTS IN NURSERY SCHOOL THROUGH GRADE TWELVE. 129060 205000 ENGLISH AS A SECOND LANGUAGE PROGRAM (ESL)- SINCE ROCKY HILL SCHOOL DOES NOT OFFER RESIDENTIAL HOUSING, THE INSTITUTION STILL PROVIDES INTERNATIONAL STUDENTS AN OPPORTUNITY TO ATTEND RHS FOR ONE OR MORE YEARS OR A DEGREE PROGRAM. THE STUDENTS ARE HOUSED WITH HOST FAMILIES, TYPICALLY MEMBERS OF THE ROCKY HILL SCHOOL COMMUNITY. THE ESL PROGRAM PROVIDES THE INTERNATIONAL STUDENTS WITH ENGLISH LANGUAGE TUTORING (GENERALLY ON A ONE ON ONE BASIS) AND OTHER NEEDED ACADEMIC SUPPORT. THE DEGREE STUDENTS MUST FULFILL THE SCHOOLS STANDARD ACADEMIC REQUIREMENTS, HOWEVER RIGOROUS, IN ORDER TO RECEIVE THEIR GRADUATION DIPLOMA. 247365 154880 ACADEMIC CENTER FOR ENRICHMENT (ACE)- THE PURPOSE OF THIS PROGRAM IS TO PROVIDE A SUPPORTIVE ENVIRONMENT IN ORDER TO HELP STUDENTS REACH THEIR FULL LEARNING POTENTIAL. THROUGH ENRICHMENT CLASSES, ACADEMIC SUPPORT, STUDY SKILLS, REMEDIAL TECHNIQUES, AND ACTIVE STUDENT PARTICIPATION, ACE STRIVES TO PRODUCE INDEPENDENT LEARNERS. 1906146 213064 ALL SCHOOL FACILITIES COSTS AND OTHER STUDENT SERVICES. 326639 238279 DINING FACILITIES 79855 84129 SUMMER ENRICHMENT ACADEMY (SEA)- THIS PROGRAM IS COMPRISED OF BOTH FULL AND HALF DAY PROGRAMS ALLOWING CHILDREN THE OPPORTUNITY TO CHOOSE A NUMBER OF EXCITING OFFERINGS AND GIVING FAMILIES THE FLEXIBILITY TO WORK AROUND BUSY SCHEDULES. 2312640 535472 8627093 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 12 0 125 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X MARK R BUCKLEY BUSINESS MANAGER 4018849070 530 IVES ROAD EAST GREENWICH RI 02818 W MICHAEL SULLIVAN PHD 2.00 X X 0 0 0 EDWIN J SANTOS 2.00 X X 0 0 0 ANDE FROST 2.00 X X 0 0 0 WILSON G SAVILLE II 2.00 X X 0 0 0 MITCHELL R EDWARDS 0.50 X 0 0 0 MARY GRANT 0.50 X 0 0 0 CHARLES P IACONO 0.50 X 0 0 0 JAMES LEHOUILLER 2.00 X X 0 0 0 MICHELE A NOTA 0.50 X 0 0 0 GORDANA NOVAKOVIC-PETTERUTI 1.50 X 0 0 0 STEPHEN G SOSCIA 1.50 X 0 0 0 STEPHEN F SIEGEL PHD 0.50 X 0 0 0 CEILEIDH SIEGEL 0.50 X 0 0 0 SUSAN WITHERS 0.50 X 0 0 0 JOAN OSOWA 0.50 X 0 0 0 MARY ANN HACKETT 0.50 X 0 0 0 WILLIAM JANIKIES 0.50 X 0 0 0 JONATHAN M SCHOENWALD PHD 40.00 X 171147 0 32962 MARK R BUCKLEY 40.00 X 132930 0 10421 304077 0 43383 2 0 1 0 FLIK PO BOX 417632 BOSTON MA 02241 CAFETERIA SERVICES 186828 M&J CONSTRUCTION & DESIGN LLC 117 WINDWARD LANE BRISTOL RI 02809 CONTRACTOR 148782 CENTRAL NURSERIES PO BOX 19477 JOHNSTON RI 02919 LANDSCAPING 109880 3 175761 224941 117010 400702 TUITION 611710 8204201 8204201 OTHER PROGRAMS 611710 451226 451226 ENGLISH AS A SECOND LANGUAGE PROG 611710 205000 205000 ACADEMIC CENTER FOR ENRICHMENT 611710 154880 154880 SUMMER ENRICHMENT PROGRAM 611710 84246 84246 9099553 55092 55092 1294016 8140 1282654 12715 11362 -4575 6787 6787 196264 175761 90221 106043 106043 39609 34850 4759 4759 9672936 9104312 0 167922 2538600 2538600 364250 364250 4090999 3491638 355131 244230 239242 186512 45454 7276 430267 291967 113621 24679 320225 256412 47241 16572 5566 5566 20400 20400 13297 13297 164386 159715 4671 28320 28320 87951 20146 60837 6968 34845 26469 8376 397171 397171 55268 53211 2042 15 210 210 126465 126465 470828 470828 81373 81373 DINING FACILITY 326639 326639 ASSEMBLIES 39015 39015 PERSONNEL RECRUITMENT 36668 36668 BAD DEBT EXPENSE 34000 34000 344206 268774 52264 23168 10250191 8627093 1291604 331494 25260 336537 455883 4963 25000 8865 3624 43984 16126 13918 128718 99315 12417499 5410424 7036905 7007075 1524126 1117667 413035 570761 51979 48198 9680656 9251283 777784 697492 1659261 1637780 3459003 3666309 18307 49438 5914355 6051019 X 2239805 1575494 395865 465800 1130631 1158970 3766301 3200264 9680656 9251283 X -577255 111383 -100165 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1937161 28377 177989 441800 13299 1688428 1980062 3339 5275 37200 14315 1937161 1671535 102729 257030 38750 12482 1980062 1191427 403348 88856 12096 1671535 2043451 4862 -329033 513460 14393 1191427 0.21860 0.68640 0.09500 0 0 24551 24551 10029749 3604773 6424976 1457273 1171762 285511 905926 633889 272037 7007075 OTHER 537042 F MONEY MARKET FUNDS 33719 F 570761 AGENCY FUNDS 10658 ENROLLMENT DEPOSITS 38780 49438 X 7668906 111383 49799 161182 7507724 2165212 2165212 9672936 8234943 49799 49799 8185144 2065047 2065047 10250191 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ROCKY HILL SCHOOLS ENDOWMENT CONSISTS OF 27 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF TRUSTEES OF THE SCHOOL HAS INTERPRETED THE UPMIFA 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 THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT AND THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE SCHOOL IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. THE SCHOOL CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1. THE DURATION AND PRESERVATION OF THE FUND 2. THE PURPOSES OF THE ORGANIZATION AND THE DONOR-RESTRICTED ENDOWMENT FUND 3. GENERAL ECONOMIC CONDITIONS 4. THE POSSIBLE EFFECT OF INFLATION AND DEFLATION 5. THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS 6. OTHER RESOURCES OF THE ORGANIZATION 7. THE INVESTMENT POLICIES OF THE ORGANIZATION DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: UNCERTAINTY IN ACCOUNTING FOR INCOME TAXES: WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF A TAX BENEFIT THAT IS MORE THAN 50 PERCENT LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED BENEFITS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. MANAGEMENT HAS DETERMINED THERE ARE NO UNCERTAIN TAX POSITIONS. THE OPEN TAX YEARS ARE 2010-2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD- BOOKSTORE 34,850. SPECIAL EVENTS 14,949. PART XI, LINE 4B - OTHER ADJUSTMENTS: FAIR MARKET VALUE OF ITEMS DONATED TO THE AUCTION 100,165. FINANCIAL AID 2,051,750. INVESTMENT MANAGEMENT FEES 13,297. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD- BOOKSTORE 34,850. SPECIAL EVENTS 14,949. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,051,750. INVESTMENT MANAGEMENT FEES 13,297. 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 THIS POLICY IS STATED IN SCHOOL PUBLICATIONS, CATALOGS, AND IN ALL FORMS OF ADVERTISING, AS IS REQUIRED BY NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS STANDARDS. PTL EVENTS 277421 137006 140415 59085 GOLF TOURNAMENT XII 92517 38755 53762 25843 4791 1 2087 0 2087 502 372025 175761 196264 25843 64378 90221 106043 1 FINANCIAL AID FOR STUDENTS ATTENDING ROCKY HILL SCHOOL. 128 2051750 VALUE OF TUITION REDUCTION APPROVED BY THE FINANCIAL AID COMMITTEE. REDUCTION OF GROSS TUITION. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS GIVEN TO STUDENTS BASED ON THE NEEDS OF THE STUDENT. THIS PROCESS IS MONITORED BY THE FINANCIAL AID COMMITTEE, CONSISTING OF THE BUSINESS MANAGER, HEAD OF SCHOOL AND THE DIRECTOR OF ADMISSIONS. EVERY STUDENT REQUESTING FINANCIAL AID IS REQUIRED TO SUBMIT THE NECESSARY FINANCIAL DATA AND FINANCIAL AID FORMS TO BE REVIEWED BY THE FINANCIAL AID COMMITTEE BEFORE ACCEPTANCE AND AWARD. ONCE FINANCIAL AID IS GRANTED, THE STUDENT IS BILLED FOR THE GROSS TUITION AND THE AMOUNT OF FINANCIAL AID AWARDED IS APPLIED TO THE APPROPRIATE ACCOUNT. THE STUDENT THEN REMITS THE NET AMOUNT OF THE TUITION DUE. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 JONATHAN M SCHOENWALD PHD 170967 0 0 0 180 0 9000 0 23962 0 204109 0 0 0 PART I, LINE 1A ROCKY HILL SCHOOL PROVIDES THE HEAD OF SCHOOL WITH A PERSONAL RESIDENCE AND HOUSE CLEANING SERVICE FOR THE RESIDENCE. USE OF THE PERSONAL RESIDENCE ON SCHOOL PROPERTY ALLOWS THE HEAD OF SCHOOL TO BE AVAILABLE AT VARIOUS TIMES OF DAY, NIGHT, AND WEEKENDS FOR SCHOOL ACTIVITIES, TO MEET WITH CURRENT AND PROSPECTIVE STUDENTS, FAMILIES, AND DONORS. USE OF THE RESIDENCE IS A CONDITION OF EMPLOYMENT AND IS PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER; THEREFORE, IT IS CONSIDERED A NON-TAXABLE BENEFIT. THE HEAD OF SCHOOL IS ALSO PROVIDED WITH A CREDIT CARD AND GAS CARD FOR BUSINESS USE. A RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION 521300173 2012-04-27 3200000 REFINANCE EXISTING DEBT AND RENOVATED AND EQUIPPED THE SCHOOLS' CAFETERIA 0 0 0 A 3200000 64000 185000 2951000 2012 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 0 0 0 1 FINANCIAL AID GRANT CHILDREN OF TRUSTEE 28000 FINANCIAL AID GRANT ASSISTANCE TO PROVIDE FINANCIAL AID TO CHILDREN OF TRUSTEE TUITION REMISSION CHILDREN OF EMPLOYEE 35050 TUITION REMISSION TO PROVIDE REDUCED TUITION TO CHILDREN OF EMPLOYEES X 4 16845 PUBLIC STOCK EXCHANGE X GOLF OUTING AUCTION 45 21294 FAIR MARKET VALUE X CATCH THE WAVE 60 78871 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT COPY OF THE FORM 990 WAS REVIEWED IN DEPTH BY THE FINANCE AND AUDIT COMMITTEE, AND DISEMINATED TO THE ENTIRE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING EACH TRUSTEE TO REVIEW AND SIGN A STATEMENT EXPLAINING THAT THEY ARE IN COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE CONSISTING OF THE PRESIDENT, VICE PRESIDENT, TREASURER AND SECRETARY REVIEWS THE COMPENSATION FOR THE HEAD OF SCHOOL ANNUALLY. COMPARATIVE COMPENSATION FOR OTHER HEAD OF SCHOOLS SIMILAR TO ROCKY HILL SCHOOL ARE USED AS A GUIDELINE TO ENSURE THE COMPENSATION BASE IS IN LINE WITH OTHER SCHOOLS. THE BUSINESS MANAGER ALSO PERIODICALLY PROVIDES THE EXECUTIVE COMMITTEE DATA FOR SALARIES OF OTHER HEADS OF SCHOOL BASED ON NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS DATA AND ALSO BASED ON THE REVIEW OF OTHER 990S FILED. ALL OTHER ADMINISTRATIVE EMPLOYEES REPORT TO THE HEAD OF SCHOOL AND ARE REVIEWED PERIODICALLY BY HIM. ALL FACULTY ARE REVIEWED BY DIVISION HEADS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: FAIR MARKET VALUE OF ITEMS DONATED TO THE AUCTION -100,165. FORM 990, PART XI,LINE 2C: THE FINANCE AND AUDIT COMMITTEE ARE RESPONSIBLE FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTING FIRM. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.