2013-02-12T07:53:28-06:00 2012-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2011-07-01 221500475 BLAIR ACADEMY BLAI 9083626121 PO BOX 600 BLAIRSTOWN NJ 07825 JAMES FRICK 9083626121 2013-02-12 1 MARTIN MAUCH P00764633 2159798800 2013-02-12 2011 2016-02-25 16:41:14Z T CHANDLER HARDWICK PO BOX 600 BLAIRSTOWN NJ 07825 51713834 0 X WWW.BLAIR.EDU X 1848 NJ BLAIR ACADEMY SEEKS TO ENROLL TALENTED YOUNG MEN AND WOMEN FROM DIVERSE BACKGROUNDS. IN A RESIDENTIAL SETTING, BLAIR ACADEMY IS COMMITTED TO PROVIDE A LIBERAL ARTS EDUCATION AND TO PROMOTE THE DEVELOPMENT OF PERSONAL AND INTELLECTUAL DISCIPLINE AS PREPARATION FOR CONTINUED STUDY AT SELECTIVE COLLEGES AND FOR A LIFE OF RESPONSIBLILTY AND SERVICE. 32 31 207 50 694484 -29374 4949824 12645007 20277992 20880221 2949124 2522919 724157 746501 28901097 36794648 3906353 4027758 0 0 11034151 11469729 0 0 1960190 11027752 10694534 25968256 26192021 2932841 10602627 140072280 147927521 27978206 29838083 112094074 118089438 X BLAIR ACADEMY IS A COEDUCATIONAL BOARDING SCHOOL LOCATED 65 MILES WEST OF NEW YORK CITY IN THE FOOTHILLS OF THE POCONO MOUNTAINS. IN ITS 163RD YEAR, BLAIR CONTINUES TO OFFER A SUPERIOR ACADEMIC COLLEGE-PREPARATORY PROGRAM WHILE HOLDING FIRMLY TO ITS TRADITION OF BEING A COMMUNITY FULLY FOCUSED ON THE DEVELOPMENT OF EACH INDIVIDUAL STUDENT. IN THIS ENVIRONMENT, STUDENTS LEARN TO ADVOCATE FOR THEMSELVES, BECOME SERVICE-MINDED, AND DEVELOP THE LEADERSHIP SKILLS NECESSARY FOR SUCCESS IN COLLEGE AND BEYOND. 0 0 22129744 4027758 20880221 PRIVATE CO-EDUCATIONAL BOARDING SECONDARY SCHOOL 22129744 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 53 0 1 207 1 1 1 0 0 0 0 0 0 0 0 0 X 32 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X JAMES A FRICK 9083626121 BLAIR ACADEMY BLAIRSTOWN NJ 07825 T CHANDLER HARDWICK 40.00 X 295065 0 63805 JAMES P JENKINS 5.00 X X 0 0 0 WM MITCHELL JENNINGS JR 5.00 X X 0 0 0 ANNE E CRAMER 5.00 X X 0 0 0 JOHN E ALDEN JR 5.00 X 0 0 0 JOHN C BOGLE 5.00 X 0 0 0 JAMES H CHESTNUTT 5.00 X 0 0 0 KEVIN L CLAYTON 5.00 X 0 0 0 JAYMEL E CONNOR 5.00 X 0 0 0 WAYNE P CROWDER 5.00 X 0 0 0 CRAIG U DANA 5.00 X 0 0 0 ROBERT C DUGHI 5.00 X 0 0 0 JORDAN M EHMANN 5.00 X 0 0 0 CLEMENT A FUREY 5.00 X 0 0 0 AISHA D GAYLE 5.00 X 0 0 0 RICHARD R GRABER 5.00 X 0 0 0 REV DAVID G HARVEY 5.00 X 0 0 0 DR J BROOKS HOFFMAN 5.00 X 0 0 0 DAVID C HULL JR 5.00 X 0 0 0 DAVID JANUSZEWSKI 5.00 X 0 0 0 REV SHERRY KARASIK 5.00 X 0 0 0 SUSAN KAHN BERMAN 5.00 X 0 0 0 DOUGLAS W KIMMELMAN 5.00 X 0 0 0 JAMES D KRUGMAN 5.00 X 0 0 0 JOHN H LEWIS JR 5.00 X 0 0 0 MARIANNE LIEBERMAN 5.00 X 0 0 0 G DAVID MACEWEN 5.00 X 0 0 0 STACEY W MCCONNELL 5.00 X 0 0 0 DONALD H MCCREE JR 5.00 X 0 0 0 MARK D MOON 5.00 X 0 0 0 ROBERT A NEFF 5.00 X 0 0 0 KEITH RAUSCHENBACH 5.00 X 0 0 0 DOMINICK V ROMANO 5.00 X 0 0 0 MICHAEL S RULLE 5.00 X 0 0 0 ERIK O RYD 5.00 X 0 0 0 W JEFFREY SEUBEL 5.00 X 0 0 0 HERBERT J SIEGEL 5.00 X 0 0 0 ROBERT G SIGETY 5.00 X 0 0 0 ALEXANDER J SLOANE 5.00 X 0 0 0 GEORGE T STERN 5.00 X 0 0 0 WILLIAM R TIMKEN 5.00 X 0 0 0 HOBART D VAN DEUSEN 5.00 X 0 0 0 DAVID D WAKEFIELD 5.00 X 0 0 0 AMELIA C WOLFE 5.00 X 0 0 0 REV RICHARD E WRIGHT 5.00 X 0 0 0 JAMES YOUNGELSON 5.00 X 0 0 0 S ARNOLD ZIMMERMAN 5.00 X 0 0 0 DOMINICK J ROMANO 5.00 X 0 0 0 CORAY S KIRBY 5.00 X 0 0 0 STEPHANIE I ROGEN 5.00 X 0 0 0 JAMES A FRICK 40.00 X 198566 0 82513 SELDEN D BACON JR 40.00 X 114454 0 77834 LEWIS M STIVAL 40.00 X 105101 0 42124 SUSAN K HABERMAN 40.00 X 102281 0 22890 815467 0 289166 5 0 1 0 ELITE COMMERCIAL 84 BELCHER ROAD BLAIRSTOWN NJ 07825 CONSTRUCTION-HOUSING 504726 AMERADA HESS PO BOX 905216 CHARLOTTE NC 28290 HEATING OIL - UTILITIES 402668 FIRST ENERGY PO BOX 3622 AKRON OH 44309 ELECTRIC-UTILITIES 285078 COOPER'S OIL PO BOX 149 PHILLIPSBURG NJ 08865 HEATING OIL - UTILITIES 247788 WILLIS OF NEW JERSEY PO BOX 415672 BOSTON MA 02241 COMMERCIAL INSURANCE 225652 14 12645007 740177 12645007 TUITION/FEES 611600 20291464 20291464 SUPPORT SERVICES 611710 588757 588757 20880221 1486632 1486632 27401 0 27401 27401 27401 15955473 14919186 1036287 1036287 1036287 SUMMER PROGRAMS 611710 618827 618827 MISCELLANEOUS 900099 52017 52017 GOLF & TENNIS 713910 48256 48256 719100 36794648 20932238 694484 2522919 4027758 4027758 677057 677057 7361361 6128371 560026 672964 559216 513577 45639 2286559 1704868 412670 169021 585536 456690 78696 50150 20471 20471 54175 54175 3316411 2746235 64323 505853 2125265 2125265 85553 52539 33014 793812 793812 2009486 2009486 245428 245428 CUSTODIAL SERVICES 735914 735914 MISCELLANEOUS 677782 28028 256776 392978 OUTSIDE SERVICES 591090 500519 90571 PROPERTY TAXES 39147 39147 26192021 22129744 2102087 1960190 1434500 3090305 3268728 7945860 692522 662075 1091665 934448 86637561 26260196 60410690 60377365 49901250 52245617 20438194 20025254 2834731 2646597 140072280 147927521 859316 937259 2682754 3159396 22230305 21677244 2205831 4064184 27978206 29838083 X 61891681 60734207 17174143 21052816 33028250 36302415 112094074 118089438 140072280 147927521 X 10602627 -4607263 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 67513073 3908356 -3375228 68046201 55961503 2268937 9282633 67513073 49379759 2663529 3918215 55961503 62915279 3263766 -16799286 49379759 0.28860 0.53350 0.17790 0 0 1553144 1553144 77842847 20886483 56956364 6198640 5373713 824927 1042930 1042930 60377365 ALTERNATIVE INVESTMENTS 20025254 F 20025254 INTEREST RATE SWAP AGREEMENT 4064184 4064184 36794648 26192021 10602627 -2560776 -2046487 -4607263 5995364 30206114 -2560776 -2560776 32766890 4027758 4027758 36794648 22164263 0 22164263 4027758 4027758 26192021 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEAR (2009-2011) OR EXPECTED TO BE TAKEN IN THE ACADEMY'S 2012 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF PERPETUAL TRUST -188,134. CHANGE IN VALUE OF INTEREST RATE SWAP -1,858,353. TOTAL TO SCHEDULE D, PART XI, LINE 8: -2,046,487. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED AGAINST STUDENT TUITION AND FEES ON FINANCIAL STATEMENTS 4,027,758. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED AGAINST STUDENT TUITION AND FEES ON FINANCIAL STATEMENTS 4,027,758. 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 NEWSPAPER ADVERTISEMENT AS WELL AS A STATEMENT IN ALL APPROPRIATE PUBLICATIONS (SEE CATALOGUE). 1 NEED BASED FINANCIAL ASSISTANCE 110 4027758 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: STUDENT AID AMOUNTS ARE APPLIED AGAINST TUITION COSTS. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 T CHANDLER HARDWICK 295065 0 0 0 0 0 30000 0 33805 0 358870 0 0 0 JAMES A FRICK 198566 0 0 0 0 0 19050 0 63463 0 281079 0 0 0 SELDEN D BACON JR 114454 0 0 0 0 0 11000 0 66834 0 192288 0 0 0 NJ ECONOMIC DEVELOPMENT AUTHORITY 222045817 645912062 2007-10-01 23355000 REFUND PRIOR ISSUE 1995 BONDS AND 1999 BONDS. CONSTRUCT ATHLETIC FACILITY. 0 0 0 23355000 510046 7815828 342996 14686130 2009 0 1 1 1 0 0 0 0 0 0 1 1 WACHOVIA 30.000000000000 0 0 0 0 0 X 53 740177 SALE OF STOCK 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION USES THE SERVICES OF AN OUTSIDE BROKERAGE TO RECEIVE AND SELL STOCK GIFTS. FORM 990, PART VI, SECTION A, LINE 2 HEADMASTER CHANDLER HARDWICK AND DIRECTOR OF STRATEGIC PLANNING MONIE HARDWICK ARE HUSBAND & WIFE. FORM 990, PART VI, SECTION B, LINE 11 THE 990 REVIEW PROCESS INVOLVES A THOROUGH REVIEW BY THE EXECUTIVE COMMITTEE AND BUDGET/AUDIT COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO SUBMISSION OF THE RETURN. ANY QUESTIONS OR CONCERNS THAT ARISE FROM THIS REVIEW ARE BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE. THE COMPLETED 990 TAX RETURN IS SHARED WITH THE ENTIRE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C EACH INDIVIDUAL OF THE BOARD OF TRUSTEES ANNUALLY RECEIVES A COPY OF THE CONFLICT OF INTEREST POLICY AND IS REQUIRED TO REVIEW THE POLICY AND REPORT ANY POSSIBLE CONFLICTS. COPIES OF ALL CONFLICT OF INTEREST RESPONSES ARE SENT TO SECRETARY OF THE BOARD FOR REVIEW AND RESPONSE IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE COMPENSATION OF THE HEADMASTER IN RELATION TO A PEER GROUP OF SCHOOLS AND BASED UPON THIS ANALYSIS IN CONJUNCTION WITH A BI-ANNUAL PERFORMANCE EVALUATION THE COMPENSATION LEVEL IS ESTABLISHED. THE COMPENSATION LEVEL ESTABLISED BY THE COMMITTEE, FOR THE HEADMASTER, IS SHARED WITH THE REMAINDER OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE ALSO REVIEWS ALL ADMINISTRATIVE/KEY EMPLOYEE SALARIES THAT ARE ESTABLISHED BY THE HEADMASTER IN COMPARISON TO A PEER GROUP TO ENSURE THAT THEY ARE COMPARABLE AND COMMENSURATE WITH THE JOB RESPONSIBILITIES OF EACH INDIVIDUAL. ANY CONCERNS BY THE COMMITTEE ARE BROUGHT TO THE ATTENTION OF THE HEADMASTER. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,560,776. CHANGE IN VALUE OF PERPETUAL TRUST -188,134. CHANGE IN VALUE OF INTEREST RATE SWAP -1,858,353. TOTAL TO FORM 990, PART XI, LINE 5: -4,607,263. FORM 990, PART XI, LINE 2C THE BUDGET COMMITTEE OVERSEES THE AUDIT AND SELECTS THE AUDITORS AT THEIR MEETING IN MAY.