2014-03-03T12:00:28-06:00 2013-06-30 061415579 Capossela Cohen LLC 368 Center Street Southport CT 06890 990 2012-07-01 060646765 New Canaan Country School Inc NEWC 2039720771 PO Box 997 New Canaan CT 068400997 Jennifer Campbell 2039720771 2014-02-20 1 Nathaniel S Yordon CPA P00045695 2032547000 2014-02-20 2012 2015-11-30 17:44:51Z Timothy Bazemore PO Box 997 New Canaan CT 068400997 31110819 0 X www.countryschool.net X 1916 CT The mission of the New Canaan Country School is to guide students to reach their intellectual, creative, moral and physical potential. The organization values the imagination and curiosity of children and respects childhood as an integral part of life. The organization's teachers set high academic standards and challenge students to question, think, collaborate, and act with integrity. The school works in partnership with families to teach personal, social and environmental responsibility and to create a community that honors diversity and our common humanity. New Canaan Country School inspires students to be lifelong learners with the courage and confidence to make a positive contribution to the world. 24 21 308 375 20769 19769 3870060 3892341 18309593 19802040 7432686 2229793 37075 80832 29649414 26005006 21300 17250 0 0 15691565 17966596 0 0 1341540 8206119 7955352 23918984 25939198 5730430 65808 76151339 78378326 11871060 12544763 64280279 65833563 New Canaan Country School, Inc. is an elementary school grades Pre K-9 and is accredited by the Connecticut Association of Independent Schools. 0 0 19913586 19790235 Education expenses incurred for the primary education of 649 students. 1284112 17250 11805 Horizons Student Enrichment Program - full scholarship year-round program that provides academic instruction and recreation for 406 low income inner-city youths. 21197698 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 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 167 0 1 308 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Jennifer Campbell 2039720771 545 Ponus Ridge Road New Canaan CT 068400997 Timothy R Bazemore 70.00 X X 357558 0 146361 John M Teitler 10.00 X 0 0 0 Karen K Wood 10.00 X 0 0 0 Steven E Rogers 10.00 X 0 0 0 Randall M Salvatore 10.00 X 0 0 0 Melanie J Blandon 10.00 X 0 0 0 Alice Burnham 5.00 X 0 0 0 Gary D Engle 5.00 X 0 0 0 Julie S Halloran 5.00 X 0 0 0 Thomas H McGlade 5.00 X 0 0 0 Sean J McManus 5.00 X 0 0 0 Lizanne G Megrue 5.00 X 0 0 0 Tina C Miller 5.00 X 0 0 0 James P Parmelee 5.00 X 0 0 0 Matthew M Pendo 5.00 X 0 0 0 Kara Ingraham Prawl 5.00 X 0 0 0 Ashraf R Rizvi 5.00 X 0 0 0 Susan S Schulz 5.00 X 0 0 0 Lisa B Sparks 5.00 X 0 0 0 Judson Staniar 5.00 X 0 0 0 Joseph P Toce Jr 5.00 X 0 0 0 Stephanie Bowling Ziegler 5.00 X 0 0 0 Raphael Elkind 40.00 X 83706 0 66727 Mollie Kirkland 40.00 X 90746 0 28753 John Ziac 50.00 X 203902 0 41736 Kathleen Holz 40.00 X 129864 0 62145 Bruce Lemoine 40.00 X 112016 0 43944 Tim Delehaunty 40.00 X 134307 0 69188 Tom Giggi 40.00 X 138929 0 27021 Nancy Hayes 40.00 X 163075 0 32495 1414103 0 518370 27 0 1 0 Dattco Inc 583 South Street New Britain CT 06051 Transportation 982754 Flik International PO Box 91337 Chicago IL 60693 Food Service 493406 Cebulski Construction Co 651 Lindley Street Bridgeport CT 06606 Construction Contractor 253704 Carmine Caratozzolo 30 Strawberry Hill New Canaan CT 06840 Construction Contractor 144524 Ameri-Kleen Inc PO Box 2167 Watsonville CA 95077 Janitorial 142680 12 468840 469593 2953908 151906 3892341 Tuition & Fees 611710 18193688 18193688 Transportation 611710 657224 657224 Cafeteria 611710 529673 529673 Faculty Housing 611710 235908 235908 Miscellaneous 611710 185547 185547 19802040 885090 885090 108540 100452 8088 8088 8088 5400697 824492 4676553 203933 724144 620559 1344703 1344703 176850 468840 124875 51975 51975 UBTI - Pass-through Entities 523000 20769 20769 20769 26005006 19802040 20769 2289856 17250 17250 920014 618818 253746 47450 12043755 10161826 1228283 653646 922062 763621 122275 36166 3142921 2556438 350265 236218 937844 782595 102860 52389 10870 10870 82500 82500 113726 113726 379381 238402 124957 16022 269999 106960 163039 330703 39877 250735 40091 182848 100723 48390 33735 1160113 952774 195720 11619 4832 4832 221862 200411 21451 18902 18902 1629445 1394581 222806 12058 71367 47457 23331 579 Auxiliary Services 1911836 1911836 Retiree Health Benefits 760945 636164 91085 33696 Instructional Support 756023 756023 Bad Debts 50000 50000 25939198 21197698 3399960 1341540 37040 39077 9172586 11274067 648627 425903 329380 225697 212637 237447 49752567 21355152 29427265 28397415 27265051 28102975 8938753 9555745 120000 120000 76151339 78378326 848670 1824729 2163852 2332962 2526491 1290000 6332047 7097072 11871060 12544763 X 26803806 25587019 627298 879634 36849175 39366910 64280279 65833563 76151339 78378326 X 65808 1663605 -176129 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36849175 250282 3820703 1439524 113726 39366910 37568131 227265 498344 1307640 136925 36849175 31436320 199108 7400382 1279542 188137 37568131 28771145 322502 3782295 1338076 101546 31436320 36445512 417219 -6478360 1363090 250136 28771145 0.40000 0.60000 0 0 1333589 3215039 4548628 1085536 40560384 18819461 22826459 601598 446078 155520 2956421 2089613 866808 28397415 Common Fund Capital Partners 1999, L.P. 62091 F Common Fund Capital Partners 2000, L.P. 707272 F Bluestem Partners, L.P. 2389383 F Lone Pine Cascade, L.P. 2755481 F Forester Partners, L.P. 2701887 F Blackrock Private Capital Off-shore, L.P. 939631 F 9555745 Accrued Post-retirement health care benefits 7097072 7097072 X 27864844 1663605 309959 1973564 25891280 113726 113726 26005006 26130799 305327 305327 25825472 113726 113726 25939198 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The School is a qualified organization exempt from income tax under Section 501(c)(3) of the Internal Revenue Code. The School accounts for uncertain tax positions pursuant to the provisions set forth by accounting standards. These standards apply to all income tax positions and provides for a two-step approach of recognition and measurement. The first step involves assessing whether the tax position is more likely than not to be sustained upon examination based upon its technical merits. The second step involves measurement of the amount to recognize. Tax positions that meet the more likely than not threshold are measured at the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate finalization with the taxing authority. The School believes that its income tax filing positions and deductions will be sustained on audit and does not anticipate any adjustments that will result in a material adverse effect on the Schools financial condition, results of operations or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded pursuant to accounting standards. Tax years dating back to 2009 are open for examination by federal and state authorities. Part XI, Line 2d - Other Adjustments: Interfund management fee 80,000. Fundraising expenses netted against revenue 124,875. Provision for Uncolectible Pledge 4,632. Rental expenses Part VIII Line 6 b 100,452. Part XII, Line 2d - Other Adjustments: Interfund management fee 80,000. Fundraising expenses netted against revenue 124,875. Rental expenses Part VII Line 6 b 100,452. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The School annually places an advertisement in a major regional newspaper announcing its racially nondiscriminatory policy. This policy is also included on the School's website, and in all printed marketing materials and employee handbooks. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The School receives government assistance from the Town of New Canaan for transportation services in the amount of $305,900 as well as $105,693 for a nursing subsidy under Town Statute 10-217a. Horizons Annual Benefit 645690 468840 176850 124875 645690 468840 176850 124875 124875 51975 1 College Scholarships 18 17250 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The New Canaan Country School grants need based academic College Scholarships to eligible students. The school monitors eligibility of the awards by requiring the students receiving the awards to submit receipts for the funds disbursed, providing sufficient evidence the funds were utilized for "qualified education" expenses as determined by the Internal Revenue Code. Additionally, before additional awards are made, the students must submit college transcripts which are futher reviewed in order to confirm the academic merit which the scholarships are awarded upon. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 Timothy R Bazemore 357558 0 0 0 0 0 73384 0 72977 0 503919 0 0 0 Raphael Elkind 83706 0 0 0 0 0 7461 0 59266 0 150433 0 0 0 John Ziac 203902 0 0 0 0 0 19534 0 22202 0 245638 0 0 0 Kathleen Holz 129864 0 0 0 0 0 12044 0 50101 0 192009 0 0 0 Bruce Lemoine 112016 0 0 0 0 0 10349 0 33595 0 155960 0 0 0 Tim Delehaunty 134307 0 0 0 0 0 10954 0 58234 0 203495 0 0 0 Tom Giggi 138929 0 0 0 0 0 10498 0 16523 0 165950 0 0 0 Nancy Hayes 163075 0 0 0 0 0 14924 0 17571 0 195570 0 0 0 Lisa Bazemore Employee 66000 Wages 0 Joshua Ziac Employee 102750 Wages 0 X 15 151906 Mean of High/Low 0 1 0 Form 990, Part VI, Section B, line 11 New Canaan Country School recognizes that the governance role of its Board of Trustees includes the annual review of the Form 990. Accordingly, the School requires review of the Form 990 by the Board of Trustees prior to its filing on an annual basis. 1. The School's external auditors, Capossela Cohen, LLC are responsible for the timely preparation of Form 990. To facilitate this process, the Accounting Department of the School shall provide accurate and timely information as it becomes requested by the audit firm. 2. The completed Form 990 will be provided to a committee of the Board of Trustees comprised of Board Officers and the Audit Committee sufficiently in advance of the filing deadline to enable a detailed and conscienctious review by all members of the committee. All questions and concerns of the members of the committee will be addressed by the Business Manager and Controller and incorporated into the Form 990 as deemed appropriate. A committee meeting of the committee members shall be scheduled if deemed appropriate. 3. All members of the Board of Trustees will be invited to review the completed Form 990, available in the Business Office, in advance of the filing dealine. All questions or concerns of the members of the Board of Trustees will be addressed by the Business Manager and Controller and incorporated into Form 990 as appropriate. 4. After all input from the Board of Trustees and sub-committees have been appropriately addressed, senior management of the School will file the final Form 990 as required. Form 990, Part VI, Section B, line 12c Officers, directors, key employees and trustees are required to disclose annually interests that could give rise to conflicts of interest. A complete list of vendors which the Organization carries on business with is furnished to these individuals. They are required to review the list and indicate if there is any personal, family or business relationship with such vendors. Form 990, Part VI, Section B, line 15 The Chief Financial Officer compiles comparative compensation information from Heads of School on a regional and national level. This information is considered by the Faculty Life Committe as well as the Executive Committe of the Board of Trustees who make all decisions on determining compensation. Minutes from these meetings are retained in writing and are kept confidential. Form 990, Part VI, Section C, line 19 The organization makes these items available to the public upon request. Annual Reports and other information regarding the organization's committees, management, annual giving campaigns, endowment funding, and scholarship assistance can be accessed from the School's website, Countryschool.net. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Post Retiremement Health Benfit Adjustment (FASB 158) -180,761. Provision for Uncollectible Pledges 4,632. There have been no changes to the process relating to audit oversight.