BETA

RAY SCHOOL CORPORATION: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
RAY SCHOOL CORPORATION (EIN 23-7073970)
Tax period
2013-07-01 to 2014-06-30
Filed
2014-11-12
IRS object ID
201443169349303499
Schema version
2013v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2014-11-12T15:41:05-06:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237073970EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE RAY SCHOOL CORPORATION CO US TRUSTBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlRAYSBusinessNameControlTxt
Phone8602444878PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line199 FOUNDERS PLAZA 5TH FLOORAddressLine1
CityEAST HARTFORDCity
StateCTState
ZIP Code06108ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPATRICK STAFFARONIPersonNm
Person TitleTREASURERPersonTitleTxt
Phone8602444878PhoneNum
Signature2014-11-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
PTINP00852868PTIN
Phone8606333000PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerPATRICK STAFFARONIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line199 FOUNDERS PLAZA 5TH FLOORAddressLine1
CityEAST HARTFORDCity
StateCTState
ZIP Code06108ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$1,251,790GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1941FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionSUPPORT OF EDUCATIONAL PROGRAMS IN THE TOWN OF EAST HADDAMActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$250,274PYContributionsGrantsAmt
CY Contributions Grants$258,583CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$231,430PYInvestmentIncomeAmt
CY Investment Income$295,447CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$481,704PYTotalRevenueAmt
CY Total Revenue$554,030CYTotalRevenueAmt
PY Grants And Similar Paid$315,960PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$306,504CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$20,947PYOtherExpensesAmt
CY Other Expenses$22,587CYOtherExpensesAmt
PY Total Expenses$336,907PYTotalExpensesAmt
CY Total Expenses$329,091CYTotalExpensesAmt
PY Revenues Less Expenses$144,797PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$224,939CYRevenuesLessExpensesAmt
Total Assets BOY$8,831,433TotalAssetsBOYAmt
Total Assets EOY$9,742,518TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,831,433NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,742,518NetAssetsOrFundBalancesEOYAmt
MissionTO FUND THE VOCATIONAL PROGRAMS AT NATHAN-HALE RAY HIGH SCHOOL.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$306,504ExpenseAmt
Grant$306,504GrantAmt
Revenue$258,583RevenueAmt
DescTHE CORPORATION SUPPORTS AN EDUCATIONAL INSTITUTION OFFERING COURSES OF INSTRUCTION SIMILAR TO THOSE OF HIGH SCHOOL GRADE IN WHICH VOCATIONAL INSTRUCTION IS EMPHASIZED.Desc
Total Program Service Expenses$306,504TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PATRICK STAFFARONI CO US TRUSTBusinessNameLine1
FieldValueIRS element (for citing)
Phone8602444878PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line199 FOUNDERS PLAZA 5TH FLOORAddressLine1
CityEAST HARTFORDCity
StateCTState
ZIP Code06108ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
PETER DEAN
MEMBER1.00Yes (X)$0$0$0
LISA MCNULTY
MEMBER1.00Yes (X)$0$0$0
LISA DOMOROD
MEMBER1.00Yes (X)$0$0$0
JIM CURTIN
MEMBER1.00Yes (X)$0$0$0
SIOBHAN MORAN
MEMBER1.00Yes (X)$0$0$0
PETER WESTON
PRESIDENT1.00$0$0$0Yes (X)
RICHARD PARKER
VICE PRESIDENT1.00$0$0$0Yes (X)
PATRICK STAFFARONI
SECRETARY/TREASURER1.00$0$0$0Yes (X)
KATHLEEN MICHALSKI
VICE PRESIDENT1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$258,583AllOtherContributionsAmt
Total Contributions$258,583TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$41,430TotalRevenueColumnAmt
Exclusion$41,430ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$951,777SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$697,760SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$254,017SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$254,017TotalRevenueColumnAmt
Exclusion$254,017ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$554,030TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$295,447ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$306,504TotalAmt
Program Services$306,504ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$21,758TotalAmt
Management And General$21,758ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$829TotalAmt
Management And General$829ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$329,091TotalAmt
Program Services$306,504ProgramServicesAmt
Management And General$22,587ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,659,949BOYAmt
EOY$1,825,052EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$7,171,484BOYAmt
EOY$7,917,466EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,831,433BOYAmt
EOY$9,742,518EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,660,778BOYAmt
EOY$1,826,225EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,170,655BOYAmt
EOY$7,916,293EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,831,433BOYAmt
EOY$9,742,518EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,831,433BOYAmt
EOY$9,742,518EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$224,939ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$59,492NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$745,638OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type3 Non FuncYes (X)SupportingOrgType3NonFuncInd
CertificationYes (X)CertificationInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1TOWN OF EAST HADDAM BOARD OF EDUCATIONBusinessNameLine1
FieldValueIRS element (for citing)
EIN066001607EIN
Organization Type6OrganizationTypeDesc
Governing Document ListedYes (1)GoverningDocumentListedInd
Supported Org NotifiedYes (1)SupportedOrgNotifiedInd
US OrganizedYes (1)USOrganizedInd
Support$306,504SupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$306,504SupportSumAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,831,433BeginningYearBalanceAmt
Investment Earnings Or Losses$1,240,176InvestmentEarningsOrLossesAmt
Grants Or Scholarships$306,504GrantsOrScholarshipsAmt
Administrative Expenses$22,587AdministrativeExpensesAmt
End Year Balance$9,742,518EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,356,484BeginningYearBalanceAmt
Investment Earnings Or Losses$811,856InvestmentEarningsOrLossesAmt
Grants Or Scholarships$315,960GrantsOrScholarshipsAmt
Administrative Expenses$20,947AdministrativeExpensesAmt
End Year Balance$8,831,433EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,760,394BeginningYearBalanceAmt
Investment Earnings Or Losses-$72,769InvestmentEarningsOrLossesAmt
Grants Or Scholarships$309,996GrantsOrScholarshipsAmt
Administrative Expenses$21,145AdministrativeExpensesAmt
End Year Balance$8,356,484EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,623,736BeginningYearBalanceAmt
Investment Earnings Or Losses$1,482,647InvestmentEarningsOrLossesAmt
Grants Or Scholarships$325,536GrantsOrScholarshipsAmt
Administrative Expenses$20,453AdministrativeExpensesAmt
End Year Balance$8,760,394EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,110,255BeginningYearBalanceAmt
Investment Earnings Or Losses$865,144InvestmentEarningsOrLossesAmt
Grants Or Scholarships$333,492GrantsOrScholarshipsAmt
Administrative Expenses$18,171AdministrativeExpensesAmt
End Year Balance$7,623,736EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
INTEREST RECEIVABLE$1,173
BENEFICIAL INTEREST IN ASSETS HELD IN TRUST AGREEMENT$7,916,293
FieldValueIRS element (for citing)
Total Book Value Other Assets$7,917,466TotalBookValueOtherAssetsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,240,176TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$59,492NetUnrealizedGainsInvstAmt
Other Revenue$745,638OtherRevenueAmt
Revenue Not Reported$686,146RevenueNotReportedAmt
Revenue Subtotal$554,030RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$554,030TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$329,091TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$329,091ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$329,091TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE CORPORATION HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2014 AND 2013. THE CORPORATION'S U.S. FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2011 ARE CLOSED AND THE CORPORATION'S TRUSTEES CONTINUALLY EVALUATE EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE CORPORATION HAS 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:NET CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD FOR TRUST AGREEMENT 745,638.
PART V, LINE 4TO SUPPORT THE EDUCATIONAL PROGRAMS IN THE TOWN OF EAST HADDAM.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1TOWN OF EAST HADDAM BOARD OF EDBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line115 SCHOOL DRAddressLine1
CityMOODUSCity
StateCTState
ZIP Code06469ZIPCode
FieldValueIRS element (for citing)
Recipient EIN066001607RecipientEIN
IRC Section501(C)(1)IRCSectionDesc
Cash Grant$306,504CashGrantAmt
Purpose Of GrantTO REIMBURSE THE BOARD OF EDUCATION ? TOWN OF EAST HADDAM FORVOCATIONAL EXPENSES AND CAPITAL PURCHASESPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total Other Org1TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationANNUAL BUDGETS ARE APPROVED BY THE BOARD OF DIRECTORS AND EXPENDITURES ARE MONITORED COMPARING ACTUAL EXPENSES TO BUDGETED EXPENSES.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8BOTHER COMMITTEE'S MAY ATTEND MEETINGS HELD(BOARD OF EDUCATION, SUPERINTENDENT OF SCHOOLS), HOWEVER THEY DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11THE DRAFT 990 IS REVIEWED AND APPROVED BY THE BOARD TREASURER AND MADE AVAILABLE TO ALL BOARD MEMBERS THROUGH EMAIL FOR THEIR QUESTIONS OR COMMENTS. THE TAX RETURN IS THEN FINALIZED AND FILED WITHIN 15 DAYS.
FORM 990, PART VI, SECTION B, LINE 12CTHE CORPORATION PROVIDES GRANTS ONLY TO THE TOWN OF EAST HADDAM, BOARD OF EDUCATION AS DESCRIBED IN THE CORPORATION?S BY LAWS, THEREFORE, A CONFLICT OF INTEREST POLICY IS NOT REQUIRED.
FORM 990, PART VI, SECTION C, LINE 19THE RAY SCHOOL CORPORATION'S 990 IS AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:NET CHANGE IN BENEFICIAL INTEREST IN TRUST 745,638.
FORM 990, PART XII, LINE 2CNO CHANGE FROM PRIOR YEAR

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