2014-05-14T13:49:30-05:00 2013-06-30 061009205 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2012-07-01 060646687 KENT SCHOOL KENT 8609276000 PO BOX 2006 KENT CT 06757 JEFFREY D CATALDO 8609276046 2014-05-13 1 ELIZABETH SOLECKI P00235171 8605614000 2012 2015-11-30 17:44:51Z JEFFREY D CATALDO PO BOX 2006 KENT CT 06757 43855267 0 X WWW.KENT-SCHOOL.EDU X 1906 CT NON-PROFIT, INDEPENDENT, PREPATORY SCHOOL; EDUCATING APP. 520 BOARDING AND 50 DAY STUDENTS. 28 27 273 0 39490 -65150 3604886 6174759 28658511 30405900 1015386 2287309 164608 103457 33443391 38971425 7075330 7498325 0 0 15351888 16401814 32000 0 1492759 14416204 13422630 36875422 37322769 -3432031 1648656 147685402 162082048 53558320 59468858 94127082 102613190 ESTABLISH AND MAINTAIN A SCHOOL WHICH SHALL PROVIDE FOR BOYS AND GIRLS OF ABILITY AND CHARACTER AN ACADEMIC COURSE OF INSTRUCTION. SIMPLICITY OF LIFE, SELF-RELIANCE, AND DIRECTNESS OF PURPOSE ARE TO BE ESPECIALLY ENCOURAGED. 0 0 31438061 7498325 30366410 INDEPENDENT, CO-EDUCATIONAL PREPATORY SCHOOL; EDUCATING BOTH BOARDING AND DAY STUDENTS. SIMPLICITY OF LIFE, SELF-RELIANCE AND DIRECTNESS OF PURPOSE ARE TO BE ESPECIALLY ENCOURAGED IN BOTH BOY AND GIRL STUDENTS. 31438061 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 70 0 1 273 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 X 28 27 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X JEFFREY D CATALDO BUSINESS MGR CFO & ASST TREASURER 8609276046 PO BOX 2006 KENT CT 067570640 BENJAMIN WARING PARTRIDGE IV 2.00 X X 0 0 0 DAVID C CLAPP 2.00 X X 0 0 0 ROBERT S ANDERSON 2.00 X X 0 0 0 CATHLEEN P BLACK 2.00 X 0 0 0 ANDREW A BOGLE 2.00 X 0 0 0 FREDERIC A BOURKE III 2.00 X 0 0 0 JOHN HARVEY 2.00 X 0 0 0 PETER PATCH 2.00 X 0 0 0 WILLIAM G CAREY III 2.00 X 0 0 0 ALAN S S CHUANG 2.00 X 0 0 0 HILTON B CLARK 2.00 X 0 0 0 THOMAS CRAIG 2.00 X 0 0 0 SIR RICHARD B DEARLOVE 2.00 X 0 0 0 ANN DICKINSON 2.00 X 0 0 0 ALICE C FRELINGHUYSEN 2.00 X 0 0 0 PETER W GETSINGER 2.00 X 0 0 0 THOMAS L HARRISON 2.00 X 0 0 0 ROBERT F HOERLE 2.00 X 0 0 0 HENRIK VANDERLIP 2.00 X 0 0 0 HELEN M PARDOE 2.00 X 0 0 0 WILLIAM C PETTY III 2.00 X 0 0 0 LORD JONATHAN ROTHMERMERE 2.00 X 0 0 0 LYNN DOE SHIPWAY 2.00 X 0 0 0 REV E DON TAYLOR 2.00 X 0 0 0 BRUCE N WHITMAN 2.00 X 0 0 0 KIMBERLY BRAINARD NAYLOR 2.00 X 0 0 0 RENE A LACERTE 2.00 X 0 0 0 WILLIAM W WURTS 2.00 X 0 0 0 RICHARDSON W SCHELL 60.00 X 351126 0 135940 JEFFREY D CATALDO 50.00 X 181801 0 90896 MARC CLOUTIER 50.00 X 135127 0 66406 ADAM FISCHER 50.00 X 113816 0 102013 KENT ALLEY 50.00 X 100357 0 22111 KATHERINE SULLIVAN 50.00 X 100309 0 13199 CATHERINE MAZZA 50.00 X 110675 0 49632 THOMAS B SIDES 50.00 X 246123 0 36660 1339334 0 516857 8 1 1 0 ABM JANITORIAL SERVICES PO BOX 1534 NEW YORK NY 10008 CLEANING SERVICE 562804 APEX TECHNOLOGIES 2158 PLAINFIELD PIKE SUITE 1 CRANSTON RI 02921 IT NET/INFRASTRUCTURE 441055 ALLIED PRINTING PO BOX 34 BRATTLEBORO VT 05302 PRINTING SERVICES 256369 SLAM COLLABORATIVE PO BOX 12 BRATTLEBORO VT 05302 ARCHITECTS 241840 WILLIAM C GAWEL PO BOX 31 KENT CT 06757 EXCAVATION 183164 10 3517 6171242 401444 6174759 TUITION & RELATED SERV. 611710 29292837 29292837 OTHER PROGRAM RELATED FEES 611710 917781 917781 SUMMER RENTAL INCOME 531190 155792 155792 MEMBERSHIP DUES 713940 39490 39490 30405900 1040730 1040730 5888983 4642404 1246579 1246579 1246579 344895 241438 103457 103457 38971425 30366410 39490 2390766 7498325 7498325 960154 206186 497529 256439 311935 311935 10449087 8789586 1069479 590022 1939751 1627963 220048 91740 1951867 1760568 117178 74121 789020 619796 115336 53888 111092 111092 69536 69536 510608 510608 206578 138807 44021 23750 21197 21197 1340452 998778 240864 100810 133069 70451 9616 53002 2805342 2805342 297771 227091 50654 20026 38524 38524 1313746 1313746 3062642 2878884 153132 30626 221525 221525 EQUIP. RENTAL & MAINT. 899378 874676 24702 FOOD 537732 537732 1853438 1090130 603497 159811 37322769 31438061 4391949 1492759 15792508 20758897 6237564 6668761 6601433 6602846 253947 292868 4227979 3962307 107194283 49208624 56085232 57985659 44395126 50365219 13287113 14701307 804500 744184 147685402 162082048 2352152 2789656 19908065 20365527 26150447 32994296 5147656 3319379 53558320 59468858 X 36149869 50160614 17904022 9671872 40073191 42780704 94127082 102613190 147685402 162082048 X 1648656 5019603 1817849 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55822436 1261351 6054143 3938000 59199930 59690734 654696 -864994 3658000 55822436 52804510 628572 9985652 3728000 59690734 51220227 814066 4564585 3794368 52804510 65861541 781086 -11315041 4107359 51220227 0.24000 0.68000 0.08000 0 0 705348 705348 86341387 33187307 53154080 11732869 9608444 2124425 8414679 6412873 2001806 57985659 ALTERNATIVE INVESTMENTS 12641163 F REAL ESTATE 649265 F SPLIT INTEREST AGREEMENTS 1410879 F 14701307 ACCRUED PENSION EXPENSE 2523677 POOLED INCOME FUND LIABILITY 323218 LIABILITY UNDER SPLIT INTEREST AGREEMENTS 472484 3319379 35441016 5019603 -8791450 -3771847 39212863 -241438 -241438 38971425 26954908 -1576411 -1576411 28531319 8791450 8791450 37322769 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO SUPPORT THE SCHOOL'S MISSION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION -8,288,825. INVESTMENT FEES -502,625. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS -241,438. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS 241,438. CHANGE IN PENSION LIABILITY -1,817,849. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION 8,288,825. INVESTMENT FEES 502,625. 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 A NOTICE OF OUR NONDISCRIMINATORY POLICY AS TO STUDENTS WAS PUBLISHED IN THE HARTFORD COURANT EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 KENT SCHOOL RECEIVES A GRANT FROM THE REGION 1 SCHOOL DISTRICT. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING 12800 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM ADMISSION 13400 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 35959 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM ADMISSION 1000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM ADMISSION 33000 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 PROGRAM ADMISSION 6000 SOUTH AMERICA 0 0 PROGRAM ADMISSION 4000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3148731 0 0 0 0 0 0 3254890 0 3254890 0 0 1 0 1 0 1 STUDENT FINANCIAL AID 224 0 7498325 FAIR VALUE WAIVE TUITION, FEES, AND OTHER CHARGES FOR THOSE STUDENTS WHO QUALIFY FOR AID. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS PROVIDED VIA A WAIVER OF TUITION, FEES, AND OTHER CHARGES. X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 RICHARDSON W SCHELL 351126 0 0 0 0 0 112986 0 22954 0 487066 0 0 0 JEFFREY D CATALDO 181801 0 0 0 0 0 20625 0 70271 0 272697 0 0 0 MARC CLOUTIER 135127 0 0 0 0 0 39038 0 27368 0 201533 0 0 0 ADAM FISCHER 113816 0 0 0 0 0 13467 0 88546 0 215829 0 0 0 CATHERINE MAZZA 110675 0 0 0 0 0 26862 0 22770 0 160307 0 0 0 THOMAS B SIDES 246123 0 0 0 0 0 27289 0 9371 0 282783 0 0 0 PART I, LINE 1A BUSINESS CLASS TRAVEL IS PROVIDED FOR THE HEADMASTER ON CERTAIN EUROPEAN TRIPS. CERTAIN EMPLOYEES, INCLUDING THE HEADMASTER, ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. A CLEANING SERVICE IS PROVIDED FOR THE HEADMASTER'S RESIDENCE. A CHEFA 060806186 20774LJ97 2004-10-06 21725000 REFUND EXISTING DEBT 0 0 0 B CHEFA 060806186 2013-03-28 17490000 REFUND EXISTING DEBT & ISSUANCE OF NEW DEBT 0 0 0 A 22982518 22228726 344792 409000 2004 0 1 1 1 B 17490000 6846310 9335000 155000 1153690 2014 0 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.01970 0.01970 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 BETTINA CLOUTIER SPOUSE OF AN OFFICER 61374 EMPLOYMENT 0 BENJAMIN WARING PARTRIDGE PRESIDENT & TRUSTEE 57300 RENTAL PAYMENTS 0 SCHEDULE L, PART IV: IN MARCH OF 2013 THE SCHOOL ENTERED INTO A 60 MONTH LEASE FOR A BUILDING AND SURROUNDING PROPERTY WITH A SINGLE MEMBER LLC OWNED BY A MEMBER OF THE BOARD OF TRUSTEES.EMPLOYMENT OF INTERESTED PERSONS IS REVIEWED AND APPROVED AS APPROPRIATE BASED ON THE INDIVIDUAL'S ABILITY TO PERFORM THE JOB. X 42 356444 FMV X HORSES 3 45000 LOWER OF FMV/APPRAISAL 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION CONSIST OF THE HEADMASTER AND THE CURRENT MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION VOTE ON THE TRUSTEE NOMINATIONS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS VOTE ON AND APPROVE DECISIONS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 AND ALL RELATED SCHEDULES ARE REVIEWED WITH THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. SUCH COMMITTEE HAS RESPONSIBILITY FOR ENSURING BOTH ACCURATE AND COMPLETE FINANCIAL AND TAX DISCLOSURE. ONCE FORM 990 IS APPROVED BY THE AUDIT COMMITTEE, FORM 990, EXCLUDING THE SCHEDULE B, IS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE SCHOOL SURVEYS THE FULL BOARD OF TRUSTEES TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. THE PROCESS IS REVIEWED BY BOTH THE HEADMASTER'S OFFICE AND THE BUSINESS MANAGER'S OFFICE TO CONFIRM NO CONFLICT OF INTEREST OR TO REVIEW THE POSSIBLE CONFLICT AND RESOLVE AS APPROPRIATE. ALL CONFLICTS MUST BE VOTED ON AND APPROVED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE WILL CONSIDER THE SKILL SET OF THE HEAD OF SCHOOL, THE EXPERIENCE LEVEL OF THE HEAD OF SCHOOL AND WILL BENCHMARK CURRENT COMPENSATION AND PROPOSED COMPENSATION AGAINST OTHER HEADMASTERS IN OUR PEER GROUP. FURTHER, THE COMMITTEE, IF IT DEEMS APPROPRIATE, WILL LOOK TO THE ADVICE OF A 3RD PARTY CONSULTANT TO VALIDATE COMPENSATION. THE COMMITEE WILL THEN MAKE A RECOMMENDATION AS TO THE COMPENSATION WHICH WILL BE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FOR OTHER OFFICERS AND KEY EMPLOYEES, THE BUSINESS MANAGER AND THE HEADMASTER WILL REVIEW COMPENSATION IN CONJUNCTION WITH JOB RESPONSIBILITY, SKILL SET AND EXPERIENCE. THE JOB WILL THEN BE BENCHMARKED AGAINST OTHER POSITIONS AT OTHER SCHOOLS WITHIN OUR PEER GROUP. THE PROPOSED COMPENSATION WILL THEN BE DISCUSSED AS NECESSARY WITH MEMBERS OF THE BOARD'S EXECUTIVE COMMITTEE. IN THE RECENT PAST, A 3RD PARTY CONSULTANT HAS NOT BEEN USED TO SET THE COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S BY LAWS, CERTIFICATE OF INCORPORATION, AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND ALL TAX RELATED DOCUMENTATION WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 1,817,849. COMPENSATION: PART VII, SECTION A THE KENT SCHOOL HAS DISCLOSED THE VALUE OF HOUSING AS A NONTAXABLE BENEFIT ON PART VII, SECTION A AND ON SCHEDULE J. HOWEVER, THE KENT SCHOOL DOES NOT CONSIDER THE HOUSING TO BE AN EMPLOYEE BENEFIT. HOUSING IS A CONDITION OF EMPLOYMENT THAT IS REQUIRED AND NECESSARY TO ALLOW CERTAIN EMPLOYEES TO PERFORM THEIR JOB RESPONSIBILITIES.