2013-11-12T12:18:45-06:00 2013-06-30 020476956 TYLER SIMMS & STSAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2012-07-01 020222147 KIMBALL UNION ACADEMY KIMB 6034693211 PO BOX 188 MERIDEN NH 037700188 JAMES E GRAY 6034693211 2013-11-04 1 JAMES N GODFREY CPA P00913422 6036530044 2013-11-04 2012 2016-02-24 21:20:13Z JAMES E GRAY MAIN STREET MERIDEN NH 03770 30229636 0 X WWW.KUA.ORG X 1813 NH SECONDARY EDUCATION 19 18 224 0 155832 -65557 2408004 13979926 14022993 15193022 -6271 262655 215546 170705 16640272 29606308 3937870 3813267 0 0 6577096 7060130 0 0 1273188 7752129 8822485 18267095 19695882 -1626823 9910426 55226368 66452145 19422257 18894355 35804111 47557790 TO DISCOVER WITH EACH STUDENT THE RIGHT PATH TO ACADEMIC MASTERY, TO CREATIVITY, AND TO RESPONSIBILITY. 0 0 16264035 3813267 15193022 PRIVATE HIGH SCHOOL THAT SERVES 219 BOARDING STUDENTS AND 103 DAY STUDENTS. 16264035 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 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 64 0 1 224 1 1 1 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NH X X JAMES E GRAY 6034692000 KIMBALL UNION ACADEMY MERIDEN NH 037700188 WILLIAM A BLACK 1.00 X X 0 0 0 DAVID G POND 1.00 X X 0 0 0 ROB SNOW 1.00 X X 0 0 0 KATHRYN F MUNRO 1.00 X X 0 0 0 MICHAEL BORISLOW 1.00 X 0 0 0 PETER CROWELL 1.00 X 0 0 0 WILLIAM BARKER 1.00 X 0 0 0 PHILLIP R DEGUIRE 1.00 X 0 0 0 ALLAN FERGUSON 1.00 X 0 0 0 ROBERT P FITZGERALD JR 1.00 X 0 0 0 CHRISTOPHER K BURNS 1.00 X 0 0 0 KRIS GRAHAM 1.00 X 0 0 0 TIMOTHY J HERBERT 1.00 X 0 0 0 DONALD E LOWERY 1.00 X 0 0 0 CATHERINE PIPAS MD 1.00 X 0 0 0 HANS OLSEN 1.00 X 0 0 0 GLEN POGUST 1.00 X 0 0 0 ROBIN A SCHILTKAMP 1.00 X 0 0 0 MICHAEL SCHAFER 40.00 X 293226 0 164726 JAMES E GRAY 40.00 X 145418 0 58838 GREGORY POLLARD 40.00 X 143000 0 116101 581644 0 339665 3 0 1 0 MAK'S TRUCKING & EXCAVATING LLC 909 ROUTE 120 MERIDEN NH 03770 TRUCKING/EXCAVATING 142992 1 13979926 4151841 13979926 TUITION 611710 13740712 13740712 PROGRAM SUPPORT 611710 912222 912222 SUMMER PROGRAMS 611710 540088 540088 15193022 326066 326066 200 0 200 200 200 352624 0 416035 352624 -416035 -63411 -63411 178049 207293 -29244 -29244 CHILD CARE FEES - NON- 624410 109014 109014 ATHLETIC FACILITY RENT 713940 46818 46818 CHILD CARE FEES - KUA 624410 43917 43917 199749 29606308 15193022 155832 277528 3813267 3813267 514502 514502 5002621 4150303 602058 250260 407799 221199 148900 37700 740748 380189 295761 64798 394460 193304 168210 32946 66359 66359 105765 105765 68797 68797 217335 72616 35939 108780 884965 884965 187559 119590 24626 43343 15530 2564 12966 406909 406909 2054419 2054419 79004 45972 33032 EDUCATIONAL EXPENSES 1373054 1373054 PROVISIONS FOR BAD DEBT 844901 844901 DEVELOPMENT 586196 136044 450152 PLANT EXPENSE 452093 452093 1479599 1043849 150541 285209 19695882 16264035 2158659 1273188 3243295 5083848 1385310 7741485 349379 422424 194749 165476 82493 97420 51009861 18186182 32368623 32823679 12030008 13963926 3090117 5423860 2482394 730027 55226368 66452145 829829 843423 4856617 5485924 9800000 9590000 621139 574399 3314672 2400609 19422257 18894355 X 23823551 29220704 616345 6337932 11364215 11999154 35804111 47557790 55226368 66452145 X 9910426 899178 944075 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14253374 7159012 1466142 500000 22378528 13889800 978760 34814 650000 14253374 12179790 636473 1573537 500000 13889800 11607682 824486 387622 640000 12179790 7928503 1037161 -2642671 653000 11607682 0.35140 0.53610 0.11250 0 0 4090094 4090094 31081312 15812592 15268720 11538460 93635 11444825 3454184 2279955 1174229 845811 845811 32823679 CASH AND CASH EQUIVALENTS 5423860 F 5423860 CAPITAL LEASE 180168 RETIREMENT OBLIGATION 261856 DEFERRED COMPENSATION 94697 INTEREST RATE SWAP 1768218 DEFERRED RENT LIFE ESTATE 95670 2400609 27146423 899178 -3669333 -2770155 29916578 105765 -416035 -310270 29606308 15392744 -384106 -384106 15776850 105765 3813267 3919032 19695882 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: KIMBALL UNION ACADEMY USES THEIR ENDOWMENT FUNDS FOR ACADEMICS, THE EQUESTRIAN PROGRAM, DEPARTMENT MANAGER SALARIES, FINANCIAL AID, BUILDING MAINENTANCE, BOOKS, AND OPERATING SUPPORT. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -3,813,267. PROVISION FOR DOUBTFUL PLEDGES -800,141. INTEREST RATE SWAP 944,075. PART XI, LINE 4B - OTHER ADJUSTMENTS: NON OPERATING LOSS -416,035. PART XII, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR DOUBTFUL PLEDGES -800,141. NON OPERATING LOSS 416,035. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,813,267. 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 KIMBALL UNION ACADEMY'S NONDISCRIMINATORY POLICY IS PUBLISHED ON ITS WEBSITE, ON ITS APPLICATION AND EMPLOYMENT DOCUMENTS, AND IN EMPLOYMENT ADS. THE NONDISCRIMINATORY POLCY IS ALSO INCLUDED IN OUR ADMISSIONS MATERIALS, INCLUDING OUR APPLICATION FOR ADMISSION. EVERY STUDENT HAS AN ANNUAL CONTRACT WITH THE SCHOOL THAT CLEARLY STATES THE SCHOOL'S NONDISCRIMINATORY POLICY. COSTA RICA 0 0 PROGRAM SERVICES STUDENTS STUDYING ABROAD. 28003 0 0 0 0 0 0 28003 0 28003 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: ACTUAL COST 1 FINANCIAL AID 165 3813267 FMV FINANCIAL AID THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT BUSINESS OFFICE OF KIMBALL UNION ACADEMY. X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL SCHAFER 286015 0 7211 0 0 0 28602 0 136124 0 457952 0 0 0 JAMES E GRAY 145418 0 0 0 0 0 14542 0 44296 0 204256 0 0 0 GREGORY POLLARD 143000 0 0 0 0 0 14300 0 101801 0 259101 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO A MAJORITY OF THE FACULTY, TO THE EXTENT ON-CAMPUS HOUSING IS AVAILABLE, IN ORDER FOR THE FACULTY TO FULFILL THEIR LOCO PARENTIS RESPONSIBILITIES. A NHHEFA 020279866 644614TA7 2007-10-01 10000000 STUDENT CENTER RENOVATIONS & DEFERRED MAINENTANCE PROJECTS 0 0 0 A 10000000 203481 6792761 3003758 2008 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 GAYLE SCHAFER ADMISSIONS ASSOCIATE 28000 GAYLE SCHAFER, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE HEAD OF THE SCHOOL, MICHAEL J. SCHAFER. 0 MARY GRAY TEACHER 50506 MARY GRAY, AN EMPLOYEE AT THE SCHOOL, IS THE WIFE OF THE SCHOOL'S CFO, JAMES E. GRAY. 0 X 7 4125896 FMV X GIFTS-IN-KIND 6 25945 FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION'S GIFTS OF STOCK ARE TRANSFERRED TO A BROKERAGE HOUSE FOR IMMEDIATE SALE. REAL ESTATE GIFTS NOT CORE TO THE MISSION OF THE ACADEMY ARE PLACED WITH A QUALIFIED, LOCAL REAL ESTATE BROKER AND PLACED FOR SALE. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY OTHER COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE INDEPENDENT AUDITORS REVIEW THE FORM 990 WITH THE ORGANIZATION'S AUDIT COMMITTEE IN DETAIL. THE AUDIT COMMITTEE CHAIR THEN BRIEFS THE BOARD ON THE KEY ELEMENTS OF THE FORM 990 AND PROVIDES THE BOARD MEMBERS WITH A COPY OF THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH TRUSTEE, PRIOR TO TAKING A POSITION ON THE BOARD, TO SUBMIT IN WRITING ANY POSSIBLE CONFLICTS. THE ORGANIZATION REQUIRES EACH TRUSTEE TO UPDATE THE LISTS ANNUALLY. TRUSTEES HAVING A FINANCIAL INTEREST IN THE TRANSACTION AT HAND ARE NOT ALLOWED TO VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A COMPENSATION COMMITTEE. THE COMMITTEE HIRES A THIRD-PARTY EXPERT TO REVIEW, BENCHMARK, AND ASSIST IN THE NEGOTIATION OF THE HEAD'S CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: INTEREST RATE SWAP 944,075.