2013-05-06T14:06:42-05:00 2012-06-30 221478099 COHNREZNICK LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2011-07-01 060655480 AVON OLD FARMS SCHOOL INC AVON 8604044100 500 OLD FARMS ROAD AVON CT 06001 ROBERT ORENSTEIN 8604044100 2013-05-06 1 JOHN TOSCANO CPA P00358542 8606333000 2011 2016-03-07 17:11:31Z KENNETH LAROCQUE 500 OLD FARMS ROAD AVON CT 06001 35489398 0 X WWW.AVONOLDFARMS.COM X 1927 CT SEE SCHEDULE O. 23 23 226 23 193240 -64343 5011035 3948694 17980375 18612442 838373 806410 856404 1107806 24686187 24475352 3482612 3822661 0 0 10532227 10982110 0 0 1521150 9530216 9672843 23545055 24477614 1141132 -2262 106272839 102591576 36422402 38246750 69850437 64344826 TO BE THE BEST SCHOOL FOR BOYS BY CULTIVATING YOUNG MEN OF INTEGRITY AND BY PROVIDING A STRUCTURED, SUPPORTIVE LEARNING ENVIRONMENT THAT ENCOURAGES SELF-DISCOVERY AND SOCIAL RESPONSIBILITY. 0 0 19876285 3822661 18900687 INDEPENDENT SECONDARY SCHOOL WITH 307 BOARDING STUDENTS AND 99 DAY STUDENTS. 19876285 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 1 114 0 1 226 1 1 1 0 0 0 0 1 1 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LISA MARAIA 8604044229 500 OLD FARMS ROAD AVON CT 06001 BRIAN B CONROY 1.00 X X 0 0 0 MARTIN I COLE 1.00 X X 0 0 0 JEROLD T GARVEY 1.00 X X 0 0 0 SARA ARNELL 0.50 X 0 0 0 WILLIAM P AUSTIN 0.50 X 0 0 0 JORGE E CONSUEGRA JR 0.50 X 0 0 0 JAMES W CORRIGAN 0.50 X 0 0 0 J STRATFORD R DENNIS 0.50 X 0 0 0 VINCENT J DOWLING JR 0.50 X 0 0 0 JOSEPH S GIANNAMORE 0.50 X 0 0 0 DEE GORDON 0.50 X 0 0 0 RICHARD H GORDON 0.50 X 0 0 0 DEAN C GRAHAM 0.50 X 0 0 0 WADE MCDEVITT 0.50 X 0 0 0 BRENDAN L MCKERNAN 0.50 X 0 0 0 ARMOUR N MELLON 0.50 X 0 0 0 JOHN A NOLAN 0.50 X 0 0 0 KATHRYN A ORDWAY 0.50 X 0 0 0 NELSON PELTZ 0.50 X 0 0 0 PATRICK RYAN 0.50 X 0 0 0 DON W TOREY 0.50 X 0 0 0 FERN WACHTER 0.50 X 0 0 0 LINDA PRESTON WOODWELL 0.50 X 0 0 0 KENNETH H LAROCQUE 50.00 X 327401 0 103573 STACY S RUWE 50.00 X 220381 0 60422 GLENN SIEBER 50.00 X 41480 0 29185 PETER M EVANS 50.00 X 164593 0 72058 HENRY E FLANAGAN JR 50.00 X 136387 0 50264 JOHN T GARDNER 50.00 X 145314 0 66062 1035556 0 381564 5 0 1 0 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 547052 CLARK COMPANIES 41155 STATE HWY 10 PO BOX 427 DELHI NY 13753 CONSTRUCTION SERVICES 492671 HONEYWELL INTERNATIONAL INC BUILDING SOLUTIONS 12490 COLLECTIO CHICAGO IL 60693 CONTRACTING SERVICES 436399 ATRION NETWORKING CORPORATION 30 SERVICE AVENUE WARWICK RI 02886 TECHNOLOGY SERVICES 272052 POIRIER HOMES LLC 1 OLD MOUNTAIN RD FARMINGTON CT 06032 CONSTRUCTION SERVICES 213787 8 27723 3920971 244689 3948694 TUITION AND FEES 611110 18576983 18576983 LEARNING CENTER REVENU 611110 35459 35459 18612442 573749 573749 39367 0 39367 39367 39367 10910079 3800 10641243 39975 268836 -36175 232661 232661 141632 27723 134590 7042 7042 320765 198238 122527 122527 SUMMER CAMP TUITION 611710 358958 165718 193240 HOCKEY RINK REVENUE 713910 263918 263918 INSURANCE PROCEEDS 900099 154037 154037 161957 161957 938870 24475352 18900687 193240 1432731 3822661 3822661 707263 205183 378971 123109 7081816 5408176 904845 768795 858826 640884 131160 86782 1765424 1317566 256223 191635 568781 415210 91005 62566 118557 118557 55040 55040 60857 60857 1058321 879069 170978 8274 25409 4316 21093 477724 191685 207490 78549 302871 196866 75718 30287 1660851 1411723 166085 83043 273765 221770 6175 45820 1017665 915899 101766 2229289 2006360 222929 STUDENT SUPPLIES AND EX 660394 634543 23012 2839 CAPITAL PROJECTS 576074 576074 FOOD SERVICE 527866 510989 10144 6733 MISCELLANEOUS EXPENSES 241403 217352 18944 5107 386757 299959 59187 27611 24477614 19876285 3080179 1521150 657845 2368860 6323232 6073830 8659406 5732851 7365 51675 154903 161213 256508 149081 101859978 43835979 59553839 58023999 25275274 24744392 5241267 5142475 143200 143200 106272839 102591576 955858 572306 6504948 6743400 26298002 25643002 2663594 5288042 36422402 38246750 X 51177712 48403070 12174237 8050332 6498488 7891424 69850437 64344826 106272839 102591576 X -2262 -5503349 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33067652 392401 87477 1134575 32412955 29036819 693120 4479841 1142128 33067652 25346685 805939 3999455 1115260 29036819 28589991 3609757 -5592967 1260096 25346685 0.72000 0.21000 0.07000 0 1 1 5020662 5020662 89373451 37101159 52272292 7252454 6734820 517634 213411 213411 58023999 HEDGE FUNDS 5142475 F 5142475 DERIVATIVE 5288042 5288042 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: INCOME FROM THE SCHOOL'S ENDOWMENT FUNDS IS APPROPRIATED FOR STUDENT FINANCIAL AID, FACULTY SALARIES AND BENEFITS AS WELL AS OTHER OPERATING EXPENSES OF THE SCHOOL, IN ACCORDANCE WITH DONOR-IMPOSED RESTRICTIONS AND THE SCHOOL'S BOARD APPROVED SPENDING POLICY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL'S U.S. FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2009 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 STATEMENT OF FINANCIAL POSITION. 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 THE NONDISCRIMINATORY POLICY IS PUBLISHED IN ALL SCHOOL CATALOGUES AND BROCHURES. PARENTS' DINNER/AUCTION 151975 27723 124252 134590 151975 27723 124252 134590 134590 -10338 1 SCHOLARSHIPS/STUDENT AIDS 143 3822661 FMV SCHOLARSHIPS & GRANTS ARE PROVIDED TO STUDENTS VIA A WAIVER OF TUITION, FEES AND OTHER CHARGES. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL FINANCIAL AID RECIPIENTS ARE REQUIRED TO COMPLETE A FINANCIAL AID STATEMENT AND PROVIDE THE NECESSARY SUPPORTING DOCUMENTATION. X 0 0 X X X X 1 0 0 0 0 0 0 0 0 KENNETH H LAROCQUE 327401 0 0 0 0 0 43660 0 59913 0 430974 0 0 0 STACY S RUWE 101465 0 0 0 118916 0 20923 0 39499 0 280803 0 0 0 PETER M EVANS 164593 0 0 0 0 0 25760 0 46298 0 236651 0 0 0 HENRY E FLANAGAN JR 136387 0 0 0 0 0 22660 0 27604 0 186651 0 0 0 JOHN T GARDNER 145314 0 0 0 0 0 23560 0 42502 0 211376 0 0 0 PART I, LINE 1A THE SCHOOL REQUIRES THAT ITS SENIOR LEADERSHIP RESIDE ON CAMPUS AS A CONDITION OF EMPLOYMENT FOR THE SAFETY AND SUPERVISION OF ITS STUDENTS, FACULTY AND OTHER CONSTITUENCIES WITHIN THE SCHOOL COMMUNITY. PART I, LINE 4A EFFECTIVE AUGUST 2, 2011, THE SCHOOL ENTERED INTO A SEPARATION AGREEMENT WITH STACY S. RUWE, CFO. PAYMENT TERMS OF THE AGREEMENT INCLUDED TOTAL PAYMENTS OF $125,166. THE SCHOOL MADE PAYMENTS TOTALLING $118,916 DURING 2011 AND $6,250 DURING 2012, IN SATISFACTION OF THE PAYMENT TERMS OF THE SEPARATION AGREEMENT. STATE OF CONNECTICUT HEALTH AND EDUCATION FACILITIES AUTHORITY 060806186 20774L2A2 2005-05-12 21670000 BUILDING CONSTRUCTION 0 0 0 STATE OF CONNECTICUT HEALTH AND EDUCATION FACILITIES AUTHORITY 060806186 20774UCE3 2006-03-09 7000000 BUILDING CONSTRUCTION 0 0 0 2320998 19349002 2006 0 0 1 1 706000 6294000 2007 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 1 1 BANK OF AMERICA NA 29.200000000000 1 0 0 0 1 0 1 1 BANK OF AMERICA NA 29.300000000000 1 0 0 0 1 POIRIER HOMES LLC OWNER OF BUSINESS IS RELATED TO CURRENT DIRECTOR 295282 GENERAL CONTRACTING SERVICES 0 X 7 126294 FAIR VALUE X VARIOUS DONATED AUCTION ITEMS 325 118395 FAIR VALUE 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE SCHOOL MAINTAINS ACCOUNTS WITH THIRD PARTY FINANCIAL INSTITUTIONS WHICH ARE USED TO LIQUIDATE GIFTS OF MARKETABLE SECURITIES. ORGANIZATION MISSION STATEMENT FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: TO BE THE BEST SCHOOL FOR BOYS BY CULTIVATING YOUNG MEN OF INTEGRITY AND BY PROVIDING A STRUCTURED, SUPPORTIVE, LEARNING ENVIRONMENT THAT ENCOURAGES SELF-DISCOVERY AND SOCIAL RESPONSIBILITY. FORM 990, PART VI, SECTION A, LINE 2 DEE AND RICHARD H. GORDON ARE DIRECTORS WHO ARE RELATED THROUGH MARRIAGE. FORM 990, PART VI, SECTION B, LINE 11 THE SCHOOL'S 990 IS FIRST REVIEWED BY THE CFO AND CONTROLLER. ONCE ANY NECESSARY EDITS HAVE BEEN MADE, THE RETURN IS THEN PROVIDED TO THE TREASURER AND THE FINANCE COMMITTEE FOR FURTHER REVIEW AND APPROVAL. IT IS MADE AVAILABLE TO THE FULL BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE SECRETARY SHALL SEND TO EACH PERSON WHO IS A DIRECTOR OR OFFICER OF THE SCHOOL, AND TO THOSE KEY EMPLOYEES OF THE SCHOOL AS THE BOARD MAY DETERMINE, A COPY OF THIS POLICY REGARDING CONFLICT OF INTEREST, TOGETHER WITH A QUESTIONNAIRE INQUIRING AS TO CONFLICTS. ALL OTHER EMPLOYEES WILL BE MADE AWARE OF THE POLICY FROM THE DIRECTOR OF HUMAN RESOURCES, AND THEY SHOULD DISCLOSE ANY CONFLICTS OF INTEREST. IT SHALL BE THE DUTY OF EACH DIRECTOR, OFFICER AND KEY EMPLOYEE, AS THE CASE MAY BE, TO INFORM THE SECRETARY AND THE HEADMASTER OF ANY AND ALL CHANGES IN THE INFORMATION SET FORTH IN THE QUESTIONNAIRE OR OTHERWISE UPDATE THE SECRETARY IN A TIMELY FASHION. WHEN IN DOUBT AS TO WHETHER A CONFLICT OF INTEREST EXISTS, OR MAY EXIST, IT SHALL BE THE DUTY OF EACH PERSON TO INFORM THE SECRETARY OR HEADMASTER FOR CLARIFICATION. FORM 990, PART VI, SECTION B, LINE 15 AVON OLD FARMS COMPENSATION GOAL PROVIDES A TOTAL COMPENSATION PROGRAM WHICH RECOGNIZES INDIVIDUAL PERFORMANCE AND MAINTAINS A COMPETITIVE MARKET POSITION. THE SCHOOL'S HUMAN RESOURCES DEPARTMENT UTILIZES THE FOLLOWING FACTORS TO ESTABLISH EMPLOYEE PAY LEVELS AND BENEFITS INCLUDING: MARKET SURVEY OF COMPARABLE POSITIONS AT COMPARABLE PRIVATE SCHOOLS, PERFORMANCE EVALUATIONS, REGIONAL COST OF LIVING DIFFERENTIALS, AS WELL AS RECRUITMENT AND RETENTION EXPERIENCE. THE BOARD'S EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE EXECUTIVE AND KEY EMPLOYEES' COMPENSATION PACKAGES ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL PROVIDES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -849,546. CHANGE IN VALUE OF SWAP AGREEMENT -2,656,522. PROVISION FOR UNCOLLECTIBLE PLEDGES -1,997,281. TOTAL TO FORM 990, PART XI, LINE 5: -5,503,349. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS NOT CHANGED ITS PROCESSES DURING THE TAX YEAR. AVON OLD FARMS SCHOOL FOUNDATION 500 OLD FARMS ROAD AVON CT 06001 066386828 FORMED FOR THE PURPOSE OF OPERATING AS A SUPPORTING ORG. FOR THE SCHOOL. CT 501(C)(3) TYPE 1 AVON OLD FARMS SCHOOL INC 0 THE RIDDLE TRUST 500 OLD FARMS ROAD AVON CT 06001 066074707 PROVIDE FINANCIAL SUPPORT TO AVON OLD FARMS SCHOOL. CT 4947 (A)(1) CHARITABLE TRUST AVON OLD FARMS SCHOOL INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0