2013-11-01T09:57:52-05:00 2013-06-30 221478099 COHNREZNICK LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2012-07-01 060646964 WILLIAMS MEMORIAL INSTITUTE WILL 8604435333 182 MOHEGAN AVENUE NEW LONDON CT 06320 KATHLEEN TRAMMELL 8604435333 2013-11-01 1 JOHN TOSCANO CPA P00358542 8606333000 2012 2015-11-30 17:44:51Z THE WILLIAMS SCHOOL MARK FADER 182 MOHEGAN AVENUE NEW LONDON CT 06320 7457305 0 X WWW.WILLIAMSSCHOOL.ORG X 1891 CT THE SCHOOL PROVIDES EDUCATIONAL SERVICES TO STUDENTS AT THE SECONDARY SCHOOL LEVEL. 28 25 100 0 0 0 385580 385106 6773033 6694517 133231 188934 352292 30623 7644136 7299180 1244182 1252266 0 0 4138546 3932647 0 0 278325 1842547 1836145 7225275 7021058 418861 278122 15682997 16251764 6125257 5916994 9557740 10334770 TO FOSTER THE INTELLECTUAL, MORAL, AESTHETIC, AND PHYSICAL DEVELOPMENT OF YOUNG MEN AND WOMEN IN PREPARATION FOR COLLEGE, A LIFETIME OF LEARNING, AND ACTIVE PARTICIPATION IN A CHANGING SOCIETY. 0 0 5794015 1252266 6694517 WILLIAMS MEMORIAL INSTITUTE'S PRIMARY PROGRAM SERVICE IS EDUCATION FOR APPROXIMATELY 241 STUDENTS FROM GRADES SEVEN THROUGH TWELVE. 5794015 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 17 0 1 100 1 0 0 0 0 0 0 0 0 0 0 X 28 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X KATHLEEN TRAMMELL DIRECTOR OF FINA 8604435333 182 MOHEGAN AVENUE NEW LONDON CT 06320 MARK FADER 40.00 X X 151937 0 52306 GREGG BENSON 2.00 X X 0 0 0 BRUCE GOLDSTEIN 1.00 X X 0 0 0 JEFFREY BROWN 1.00 X X 0 0 0 SCOTT GIBSON 1.00 X X 0 0 0 JOHN BRODZINSKI 1.00 X 0 0 0 HOLLY CHEESEMAN 1.00 X 0 0 0 DAVID COOK 1.00 X 0 0 0 STEPHEN DICICCO 1.00 X 0 0 0 PATRICK DOHERTY 1.00 X 0 0 0 JOHN CATLETT 1.00 X 0 0 0 ETHAN GOLLER 1.00 X 0 0 0 AMY KING 1.00 X 0 0 0 KATHERINE ROSEN LEISER 1.00 X 0 0 0 JOSEPH MADAUS 1.00 X 0 0 0 MARISSA MILLS 1.00 X 0 0 0 ALISON SMITH MARCINEK 1.00 X 0 0 0 PAUL MARONI 1.00 X 0 0 0 RONALD MENEO 1.00 X 0 0 0 JOHN PAGNOZZI 1.00 X 0 0 0 WILLIAM PIENDIAZ 1.00 X 0 0 0 STEVEN POWELL 1.00 X 0 0 0 CARL REISER 1.00 X 0 0 0 BETH SANDRI 1.00 X 0 0 0 TERRY SMITH 1.00 X 0 0 0 KITTY STALSBURG 1.00 X 0 0 0 WILLIAM VERHOEFF 1.00 X 0 0 0 JOSHUA WELCH 1.00 X 0 0 0 KATHLEEN TRAMMELL 40.00 X 104845 0 10840 256782 0 63146 2 0 1 0 M & J BUS COMPANY PO BOX 801 OLD SAYBROOK CT 06475 TRANSPORTATION 136646 1 40450 344656 26751 385106 TUITION AND FEES 611000 6393916 6393916 AUXILIARY SERVICES 611000 300601 300601 6694517 147549 147549 32350 0 32350 32350 32350 169408 128023 41385 41385 41385 28375 40450 30102 -1727 -1727 7299180 6694517 0 219557 1252266 1252266 331446 331446 2706425 2342790 220635 143000 226268 198938 13030 14300 457316 381235 46621 29460 211192 166327 33925 10940 4031 4031 16975 16975 16882 16882 141408 116262 25146 92086 59578 18738 13770 47512 13739 33773 92747 83472 7420 1855 7983 4556 3367 60 97898 88108 7832 1958 636624 572962 50930 12732 47666 42900 3813 953 OTHER INSTRUCTIONAL 174317 171947 1580 790 TRANSPORTATION 135785 135785 CAFETERIA EXPENSE 101712 95609 5086 1017 EQUIPMENT RENTAL AND MA 97192 92827 3492 873 125327 74094 29762 21471 7021058 5794015 948718 278325 494397 291493 969064 1182309 5900 1140 205 4694 3545 24083 79974 15599289 6554419 9124980 9044870 4851458 5417549 213181 225919 15682997 16251764 476040 505056 977884 991651 4425000 4270000 150000 100000 96333 50287 6125257 5916994 X 8130504 8706810 229651 412735 1197585 1215225 9557740 10334770 15682997 16251764 X 278122 445882 53026 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3412935 19340 431947 135000 3729222 3675123 31494 -2459 291223 3412935 2518949 766750 524424 135000 3675123 2282848 14133 221968 2518949 2901865 24213 -531180 -112050 2506948 0.58500 0.32600 0.08900 0 0 1339666 1339666 11185845 4711707 6474138 1467797 1138841 328956 1605981 703871 902110 9044870 DEFERRED COMPENSATION 50287 50287 X 6548847 445882 72933 518815 6030032 16882 1252266 1269148 7299180 5771817 19907 19907 5751910 16882 1252266 1269148 7021058 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS, SALARIES AND OTHER OPERATING EXPENSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2010 ARE CLOSED AND MANAGEMENT CONTINUALLY EVAULUATES 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON SWAP AGREEMENT 53,026. SPECIAL EVENTS EXPENSES 19,907. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,252,266. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 19,907. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,252,266. 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 INCLUDED IN ALL ADMISSIONS ADVERTISING, PUBLISHING IN LOCAL NEWSPAPERS AUCTION 68825 40450 28375 30102 68825 40450 28375 30102 30102 -1727 1 FINANCIAL AID 93 1252266 FAIR VALUE TUITION DISCOUNT BASED ON NEED. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: WILLIAMS USES SCHOOL AND STUDENT SERVICES (SSS) TO PROCESS FINANCIAL AID APPLICATIONS. SSS IS A SERVICE OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS). BASED ON THE FINANCIAL INFORMATION PROVIDED, SSS PROVIDES THE SCHOOL WITH AN ESTIMATED AMOUNT EACH FAMILY CAN CONTRIBUTE TO EDUCATIONAL EXPENSES. THE FINANCIAL AID COMMITTEE AND THE BOARD OF TRUSTEES APPROVE THE AMOUNTS TO BE AWARDED. X X X X 0 0 0 0 0 0 0 0 0 MARK FADER 151937 0 0 0 0 0 16130 0 36176 0 204243 0 0 0 DISCLOSURE NOT REQUIRED PER IRS DISCLOSURE NOT REQUIRED PER IRS 36000 FINANCIAL AID DISCLOSURE NOT REQUIRED PER IRS DISCLOSURE NOT REQUIRED PER IRS 18000 FINANCIAL AID X 8 16556 FAIR VALUE X DONATED AUCTION ITEMS 84 10195 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED FOR ACCURACY AND COMPLETENESS BY THE HEAD OF SCHOOL, BUSINESS MANAGER AND THE FINANCE COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF TRUSTEES. THE FINANCE COMMITTEE IS INVOLVED IN BOTH THE FINANCIAL REPORTING AND INVESTMENTS OF THE SCHOOL ON A MONTHLY BASIS AND THEREFORE HAS KNOWLEDGE OF THE SCHOOL'S OPERATIONS. THE DRAFT FORM WITHOUT SCHEDULE B IS PROVIDED TO ALL TRUSTEES FOR QUESTIONS AND COMMENTS PRIOR TO FILING. SCHEDULE B IS NOT INCLUDED DUE TO SENSITIVITY OF DONOR INFORMATION. SCHEDULE B IS MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CERTIFICATES OF ACKNOWLEDGEMENT ARE REQUIRED FROM OFFICERS, TRUSTEES, AND KEY EMPLOYEES TO IDENTIFY POTENTIAL CONFLICT OF INTERESTS. IN ADDITION, THE BUSINESS OFFICE MONITORS THE USAGE OF VENDORS AND CONTRACTORS TO ENSURE INDEPENDENCE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY REVIEW OF PEER SCHOOL'S SALARY BANDS AS WELL AS THROUGH CONSULTATION WITH THE CONNECTICUT ASSOCIATION OF INDEPENDENT SCHOOLS. COMPENSATION FOR THE DIRECTOR OF FINANCE AND OPERATIONS IS DETERMINED BY THE HEAD OF SCHOOL THROUGH BENCHMARKING OF STATISTICS COMPILED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS). FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON SWAP AGREEMENT 53,026. FORM 990, PART XI, LINE 2C THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR.