2014-04-07T13:33:44-05:00 2013-06-30 221478099 COHNREZNICK LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2012-07-01 060646805 RECTORY SCHOOL INC RECT 8609287759 528 POMFRET STREET POMFRET CT 06258 FREDERICK W WILLIAMS 8609287759 2014-04-04 1 JOHN TOSCANO P00358542 8606333000 2012 2015-11-30 17:44:51Z FREDERICK W WILLIAMS 528 POMFRET STREET POMFRET CT 06258 22191197 0 X WWW.RECTORYSCHOOL.ORG X 1935 CT TO PROVIDE STUDENTS, FROM EARLY CHILDHOOD THROUGH MIDDLE SCHOOL, WITH AN ENRICHED AND SUPPORTIVE ACADEMIC, SOCIAL AND ETHICAL COMMUNITY THAT ADDRESSES INDIVIDUAL LEARNING STYLES, APTITUDES AND NEEDS WHILE PROMOTING PERSONAL SELF-WORTH AND ACCOUNTABILITY. THE SCHOOL COMMUNITY LIVES THE RECTORY SCHOOL CREED: RESPONSIBILITY, RESPECT, HONESTY, AND COMPASSION. 18 18 161 0 0 0 743585 2183863 10155490 11158213 543143 374395 171164 105490 11613382 13821961 1406468 1598506 0 0 5033147 6180777 0 0 529734 4164790 4707231 10604405 12486514 1008977 1335447 27226477 31010962 10751307 12088978 16475170 18921984 TO PROVIDE STUDENTS, FROM EARLY CHILDHOOD THROUGH MIDDLE SCHOOL, WITH AN ENRICHED AND SUPPORTIVE ACADEMIC, SOCIAL AND ETHICAL COMMUNITY THAT ADDRESSES INDIVIDUAL LEARNING STYLES, APTITUDES AND NEEDS WHILE PROMOTING PERSONAL SELF-WORTH AND ACCOUNTABILITY. 0 0 9784040 1598506 11204596 PROVIDE CO-EDUCATIONAL SERVICES AND SUPPORT TO APPROXIMATELY 264 STUDENTS IN GRADES 5 THROUGH 9 IN AN INDEPENDENT BOARDING AND DAY SCHOOL SETTING. 9784040 1 1 0 0 0 0 0 0 0 1 1 0 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 0 0 1 0 0 0 0 0 0 0 0 0 0 1 33 0 1 161 1 0 0 0 0 0 1 1 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X TONYA RAYMENT 8609286025 528 POMFRET STREET POMFRET CT 06258 JUDITH K MITCHELL 5.00 X X 0 0 0 EDWARD D KRATOVIL 5.00 X X 0 0 0 MICHAEL J ANGELIDES 5.00 X X 0 0 0 KATHLEEN R LEVEILLEE 5.00 X X 0 0 0 CHRISTOPHER D BURNER 1.00 X 0 0 0 CHRISTA DURAND 1.00 X 0 0 0 DANIEL J DE NUCCIO 1.00 X 0 0 0 DREW D FOX 1.00 X 0 0 0 GLEN C SMITH 1.00 X 0 0 0 HAROLD SEGALAS 1.00 X 0 0 0 JAMES TURNER 1.00 X 0 0 0 JOHN F MAYBANK JR 1.00 X 0 0 0 LAURENCE N HALE 1.00 X 0 0 0 MATTHEW A GREEN 1.00 X 0 0 0 MICHAEL C KEMPNER 1.00 X 0 0 0 NAMSOO LEE 1.00 X 0 0 0 WALTER CHO 1.00 X 0 0 0 WILLIAM C BLIND 1.00 X 0 0 0 FREDERICK W WILLIAMS 50.00 X 185704 0 56470 TONYA G RAYMENT 50.00 X 70371 0 10401 NANCY A GINGRAS 50.00 X 107106 0 23884 VINCENT RICCI 50.00 X 100074 0 4916 463255 0 95671 3 0 1 0 CHARTWELLS POBOX 91337 CHICAGO IL 606931337 FOOD SERVICES 674218 ROSE CONSTRUCTION 348 ORCHARD HILL ROAD POMFRET CT 06259 CONSTRUCTION SERVICES 533570 KARL NORTON ARCHITECT 25 LEDGEBROOK DRIVE MANSFIELD CT 06250 ARCHITECT 170239 E & R LAUNDRY & DRY CLEANERS 565 GOLD STREET MANCHESTER NH 03103 LAUNDRY SERVICES 130671 LEGENDS LIMOUSINE SERVICE PO BOX 213 EAST LYME CT 06333 TRANSPORTATION 121420 5 7523 2176340 11392 2183863 TUITION AND FEES 611710 10202903 10202903 AUXILIARY PROGRAMS 611710 955310 955310 11158213 248944 248944 8377081 8250347 1283 126734 -1283 125451 125451 40067 7523 59428 -19361 -19361 74785 58178 16607 16607 FEES, DEPOSITS AND OTHER INCOME 611710 108244 29776 78468 108244 13821961 11204596 0 433502 1598506 1598506 303742 21408 250224 32110 4319936 3418548 635559 265829 194094 148011 32291 13792 1022451 697204 298923 26324 340554 253591 66595 20368 29015 29015 51200 51200 85650 85650 274454 221765 38825 13864 75778 2189 73589 176348 3294 137692 35362 166952 125214 25043 16695 841997 715697 84200 42100 116657 48603 36116 31938 10259 10259 269172 242255 26917 981962 883766 98196 67265 67265 FOOD 617415 617415 EDUCATIONAL SUPPLIES AN 201979 201979 STUDENT SERVICES AND AC 166893 166893 EXPERIENTIAL LEARNING 159214 159214 415021 258488 125181 31352 12486514 9784040 2172740 529734 1260172 3232570 3882 375516 114145 1230918 65071 83546 24180 28229 129929 99315 27882308 12436328 15251260 15445980 8287844 9114093 2089994 1400795 27226477 31010962 608055 687355 2080320 3776475 7450560 7300140 27710 15286 584662 309722 10751307 12088978 X 11449217 12405432 3003842 4469441 2022111 2047111 16475170 18921984 27226477 31010962 X 1335447 816646 294721 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8290484 7975 1143130 325000 9116589 8447188 39497 103799 300000 8290484 7521637 115949 1084602 275000 8447188 7109410 676745 647337 876745 35110 7521637 9199806 500000 -1812611 742500 35285 7109410 0.47500 0.21500 0.31000 0 0 24502997 10288152 14214845 2773990 1865738 908252 605321 282438 322883 15445980 INTEREST RATE SWAP AGREEMENT 51320 CUSTODIAL LIABILITIES 237394 OBLIGATIONS UNDER CAPITAL LEASES 21008 309722 X 13355386 816646 -1303785 -487139 13842525 85650 -106214 -20564 13821961 10908572 106214 106214 10802358 85650 1598506 1684156 12486514 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: EARNINGS FROM THE SCHOOL'S ENDOWMENT FUNDS ARE UTILIZED TO SATISFY DONOR RESTRICTIONS ON THE USE OF THE EARNINGS, IF ANY, AND TO SUPPORT THE SCHOOL'S OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2013. THE SCHOOL'S U.S. FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2010 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 STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP AGREEMENT 294,721. FINANCIAL AID -1,598,506. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -48,036. COST OF GOODS SOLD -58,178. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 58,178. SPECIAL EVENTS EXPENSE 48,036. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,598,506. 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 STATEMENT OF NON-DISCRIMINATORY POLICY IS PUBLISHED IN LOCAL AND REGIONAL NEWSPAPERS AS WELL AS ON THE SCHOOL'S WEBSITE. AUCTION 21280 7523 13757 30612 GOLF TOURNAMENT 26310 26310 9621 19195 47590 7523 40067 59428 59428 -19361 1 FINANCIAL AID 62 1598506 FAIR VALUE FINANCIAL AID PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS GRANTED TO FAMILIES ON A NEED BASIS. APPLICATION FORMS MUST BE FILED WITH THE SCHOOL SCHOLARSHIP SERVICE OF PRINCETON, NEW JERSEY. X X X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 FREDERICK W WILLIAMS 166396 0 0 0 19308 0 8605 0 47865 0 242174 0 0 0 PART I, LINE 1A THE HEAD AND HEAD'S FAMILY MUST RESIDE IN THE HEADMASTER'S RESIDENCE IN ORDER FOR THE HEAD TO EFFECTIVELY PERFORM PRESCRIBED DUTIES, INCLUDING, BUT NOT LIMITED TO, PROVIDING STUDENTS AND TEACHERS OFF HOURS WITH ACCESS TO LOCKED BUILDINGS AND OTHER CAMPUS VENUES WHEN NECESSARY, PROVIDING CAMPUS OVERSIGHT DURING EVENINGS AND WEEKENDS AND VACATIONS, AND PROVIDING COVENIENT ADMINISTRATIVE PRESENCE AT SCHOOL EVENTS. THE HEAD'S OCCUPATION OF THIS RESIDENCE IS A CONDITION OF HIS EMPLOYMENT BY THE SCHOOL AND IS FOR THE CONVENIENCE OF THE SCHOOL. AS A REPRESENTATIVE OF THE SCHOOL, THE HEAD USES SAID HOUSE FOR MEETINGS OF DONORS, STUDENTS, TEACHERS, STAFF MEMBERS, ALUMNI, VISITING TEACHERS, SCHOLARS, TRUSTEES, AND SPEAKERS, AND FOR SUCH OTHER SCHOOL FUNCTIONS AND AFFAIRS AS SHALL BE APPROPRIATE FOR THE BEST INTEREST AND DEVELOPMENT OF THE SCHOOL. A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2012-01-05 7500000 REFUNDING OF SERIES A BONDS ISSUED NOV 2000 AND FOR BUILDINGS AND STRUCTURE 0 0 0 A 199860 7300140 150000 5529437 1820563 1 0 1 1 A 0 0 0 0 1 1 RBS CITIZENS NA 10.000000000000 0 0 0 0 1 A 0 MARCIA WILLIAMS SPOUSE OF THE SCHOOL'S HEADMASTER 34998 COMPENSATION FOR DATABASE ADMINISTRATIVE SERVICES $34,998 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE PRIOR TO BEING PRESENTED TO THE FULL BOARD FOR ITS REVIEW AND APPROVAL. THE APPROPRIATE OFFICER OF THE SCHOOL IS INFORMED OF THE APPROVAL AND THE FORM IS FILED ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C THE IDENTIFICATION AND SUCCESSFUL RESOLUTION OF CONFLICTS AND POTENTIAL CONFLICTS DEPENDS ON COMPLETE AND TIMELY DISCLOSURE. DISCLOSURE WILL OCCUR THROUGH AN ANNUAL WRITTEN STATEMENT AND THE NOTIFICATION TO THE BOARD CHAIR OF OTHER ACTUAL OR POTENTIAL CONFLICTS, AS THEY ARISE. ALL FINANCIAL AND MATERIAL FACTS RELATING TO POTENTIAL CONFLICT OF INTERESTS SHALL BE DISCLOSED. ANNUALLY, EACH BOARD AND COMMITTEE MEMBER SHALL SIGN AND FILE A DISCLOSURE STATEMENT THAT SHALL BE KEPT WITH THE RECORDS OF THE BOARD. PRIOR TO APPOINTMENT, ALL FUTURE BOARD AND COMMITTEE MEMBERS SHALL DO LIKEWISE. SIGNING OF A DISCLOSURE STATEMENT ACKNOWLEDGES THAT A PERSON HAS RECEIVED, READ AND UNDERSTANDS, AND COMPLIES WITH THE POLICY AS IT RELATES TO MEMBERSHIP ON AND ACTIONS OF THE BOARD AND COMMITTEES. DISCLOSURE STATEMENTS SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE WHICH SHALL RECOMMEND ACTION BY THE BOARD, IF NECESSARY. WHENEVER A POTENTIAL CONFLICT ARISES THAT HAS NOT BEEN IDENTIFIED ON A DISCLOSURE FORM, IT SHALL BE DISCLOSED TO THE CHAIR OF TO THE EXECUTIVE COMMITTEE IN A TIMELY FASHION, AND MADE A PART OF THE RECORD OF THE BOARD. WHENEVER NECESSARY, THE BOARD SHALL TAKE APPROPRIATE ACTION WITH RESPECT TO PERSONS WHO ARE IN VIOLATION OF THIS POLICY. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER OF THE BOARD OR A COMMITTEE HAS FAILED TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS, EITHER IN WRITING OR, AT A LATER DATE, TO THE CHAIR, IT SHALL INFORM THE PERSON OF ITS BELIEF AND AFFORD THE PERSON AN OPPORTUNITY TO PROVIDE AN EXPLANATION. IF, AFTER HEARING THE EXPLANATION OF THE PERSON AND MAKING FURTHER INVESTIGATION DEEMED NECESSARY UNDER THE CIRCUMSTANCES, IT IS DECIDED THAT THE PERSON FAILED TO DISCLOSE IN A PROPER FASHION THE ACTUAL OR POTENTIAL CONFLICT, THE BOARD SHALL TAKE APPROPRIATE CORRECTIVE OR DISCIPLINARY ACTION. THE BOARD, THROUGH ITS EXECUTIVE COMMITTEE, SHALL UNDERTAKE PERIODIC REVIEWS TO DETERMINE COMPLIANCE WITH THIS POLICY. IT SHALL REPORT ITS FINDINGS TO THE FULL BOARD AND INCLUDE RECOMMENDATIONS FOR REVISION, WHERE NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL'S EXECUTIVE COMMITTEE REVIEWS THE SALARY AND BENEFITS OF THE HEADMASTER IN COMPARISON TO THE SALARIES OF THE HEADS OF SCHOOLS OF SIMILAR SIZE. THE HEADMASTER'S CONTRACT IS PRESENTED TO THE BOARD FOR OVERALL APPROVAL. THE HEADMASTER AND THE EXECUTIVE COMMITTEE REVIEW THE SALARY OF THE DIRECTOR OF FINANCE IN COMPARISON TO THE SALARIES OF INDIVIDUALS IN SIMILAR POSITIONS AT PEER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 294,721. FORM 990, PART XI, LINE 2C THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR.