TAFT SCHOOL CORPORATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- TAFT SCHOOL CORPORATION (EIN 06-0646921)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-02-12
- IRS object ID
- 201330439349300408
- Schema version
- 2011v1.5
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-02-12T07:52:29-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 221478099 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 180 GLASTONBURY BOULEVARD | AddressLine1 |
| City | GLASTONBURY | City |
| State | CT | State |
| ZIP Code | 06033 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 060646921 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE TAFT SCHOOL CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TAFT | NameControl |
| Phone | 8609457777 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 WOODBURY RD | AddressLine1 |
| City | WATERTOWN | City |
| State | CT | State |
| ZIP Code | 06795 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GILBERT T THORNFELDT | Name |
| Title | ASSISTANT TREASURER | Title |
| Phone | 8609457777 | Phone |
| Date Signed | 2013-02-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN TOSCANO CPA | Name |
| PTIN | P00358542 | PTIN |
| Phone | 8606333000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | GILBERT T THORNFELDT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 WOODBURY RD | AddressLine1 |
| City | WATERTOWN | City |
| State | CT | State |
| ZIP Code | 06795 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 40991364 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.TAFTSCHOOL.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1930 | YearFormation |
| State Legal Domicile | CT | StateLegalDomicile |
| Activity Or Mission Description | THE MISSION OF THE SCHOOL IS TO EDUCATE THE WHOLE STUDENT. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 35 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 34 | NbrIndependentVotingMembers |
| Total Nbr Employees | 396 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 308215 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -9724 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 15906138 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 8552416 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 27070457 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 27958094 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 11239191 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3292017 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 767869 | OtherRevenuePriorYear |
| Other Revenue Current Year | 651052 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 54983655 | TotalRevenuePriorYear |
| Total Revenue Current Year | 40453579 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 5682903 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 6301072 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 18513061 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 19474823 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2822921 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 16280988 | OtherExpensePriorYear |
| Other Expenses Current Year | 16813725 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 40476952 | TotalExpensesPriorYear |
| Total Expenses Current Year | 42589620 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 14506703 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -2136041 | RevenuesLessExpensesCY |
| Total Assets BOY | 336611954 | TotalAssetsBOY |
| Total Assets EOY | 332773550 | TotalAssetsEOY |
| Total Liabilities BOY | 48767811 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 54503819 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 287844143 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 278269731 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MISSION OF THE SCHOOL IS TO EDUCATE THE WHOLE STUDENT. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 35687511 | Expense |
| Grants | 6301072 | Grants |
| Revenue | 28175158 | Revenue |
| Description | PROVIDE EDUCATIONAL SERVICES AND SUPPORT FOR APPROXIMATELY 577 STUDENTS IN GRADES NINE THROUGH POST-GRADUATE IN A BOARDING AND DAY SETTING. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INSTITUTIONAL SUPPORT | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 35687511 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 94 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 396 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 35 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 34 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GILBERT T THORNFELDT CFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8609457770 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 WOODBURY RD | AddressLine1 |
| City | WATERTOWN | City |
| State | CT | State |
| ZIP Code | 06795 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (43 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| RODMAN W MOORHEAD III | ||||||||
| CHAIRMAN | 0.50 | X | X | 0 | 0 | 0 | ||
| GRANT A PORTER | ||||||||
| VICE CHAIRMAN | 0.50 | X | X | 0 | 0 | 0 | ||
| IRENE C CHU | ||||||||
| SECRETARY | 0.50 | X | X | 0 | 0 | 0 | ||
| HOLCOMBE T GREEN III | ||||||||
| TREASURER | 0.50 | X | X | 0 | 0 | 0 | ||
| WILLIAM R MACMULLEN | ||||||||
| PRESIDENT/HEADMASTER | 40.00 | X | X | 285832 | 0 | 151837 | ||
| JONATHAN D ALBERT | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| J HORD ARMSTRONG III | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| DRUMMOND C BELL III | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| HENRY G BRAUER | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| JENNIFER L BURNS PHD | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| JOHN W DAYTON | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| JONATHAN M HARRIS | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| SARKIS D IZMIRLIAN | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| JAMES A JACOBSON | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| JAY F KREHBIEL | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| KARIN KUKRAL | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| LESLIE H LANAHAN | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| LESLIE B LITTLEJOHN | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| GEORGE B MOORE | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| NANCY N O'NEILL | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| DONALD PASCAL | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| MARIS PASCAL | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| E MARC PINTO | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| LEXI BROWNELL REESE | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| G CARTER SENDAOUI | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| DYLAN T SIMONDS | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| KAREN L STEVENSON | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| HANK L TORBERT | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| STEVEN B TURNER | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| ARCHBOLD D VAN BEUREN | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| ABRA PRENTICE WILKIN | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| JOHN P WOLD | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| IVY KWOK WU | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| YI-MING YANG | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| JOANNE K ZIESING | ||||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |||
| GILBERT T THORNFELDT | ||||||||
| ASST TREASURER/ASST SECR | 40.00 | X | 178497 | 0 | 44433 | |||
| CHRISTOPHER R LATHAM | ||||||||
| DIR. OF DEVELOPMENT | 40.00 | 201096 | 0 | 63842 | X | |||
| FREDERICK WANDELT | ||||||||
| ASST TO HEAD ALUM AF | 40.00 | 153167 | 0 | 27346 | X | |||
| ELIZABETH WELCH | ||||||||
| ASST. DIR. OF DEVELOPMENT | 40.00 | 110928 | 0 | 36903 | X | |||
| JAMES SHEPARD | ||||||||
| DIRECTOR OF FACILITIES | 40.00 | 106030 | 0 | 72108 | X | |||
| DAVID HOSTAGE | ||||||||
| TEACHER | 40.00 | 108306 | 0 | 21534 | X | |||
| H WILLIAM DAVIS | ||||||||
| ASST TO HEADMASTER | 40.00 | 102453 | 0 | 56737 | X | |||
| TERRANCE GIFFEN | ||||||||
| DIR. OF COLLEGE COUNSELING | 40.00 | 102267 | 0 | 19390 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1348576 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 494130 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BUSHKA LUMBER & MILLWORK LLC | |||||
| 305 FAIRFIELD AVE | WATERBURY | CT | 06708 | CONSTRUCTION SERVICES | 3989511 |
| ARAMARK CORPORATION | |||||
| PO BOX 91337 | CHICAGO | IL | 60693 | FOOD SERVICE | 2269487 |
| NEW PROVIDENCE ASSET MANAGEMENT | |||||
| 650 FIFTH AVE 16TH FLOOR | NEW YORK | NY | 10001 | INVESTMENT MANAGEMENT | 801352 |
| ASTRO ELECTRIC | |||||
| 680 RIVERSIDE STREET | WATERBURY | CT | 06708 | CONSTRUCTION SERVICES | 475621 |
| CHUBB FIRE AND SECURITY LLC | |||||
| 55 ROBINSON ROAD | ORANGE | CT | 06477 | CONSTRUCTION SERVICES | 420000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 12 | NumberOfContractorsGT100K |
| All Other Contributions | 8552416 | AllOtherContributions |
| Noncash Contributions | 388756 | NoncashContributions |
| Total Contributions | 8552416 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| STUDENT TUITION | 611110 | 25575550 | 25575550 |
| PROGRAM FEES | 611110 | 2382544 | 2382544 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 27958094 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 780023 | TotalRevenueColumn |
| Exclusion | $780,023 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2530244 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 18250 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2530244 | Securities |
| Other | -18250 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2511994 | TotalRevenueColumn |
| Exclusion | $2,511,994 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 736599 | GrossSalesOfInventory |
| Cost Of Goods Sold | 519535 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 217064 | TotalRevenueColumn |
| Related Or Exempt Function Income | 217064 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|
| HOCKEY RINK | 532000 | 308215 | 308215 | |
| INSURANCE ROCEEDS | 900099 | 125773 | $125,773 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 433988 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 40453579 | TotalRevenueColumn |
| Related Or Exempt Function Income | 28175158 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 308215 | UnrelatedBusinessRevenue |
| Exclusion | $3,417,790 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6301072 | Total |
| Program Services | 6301072 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 827157 | Total |
| Management And General | 569277 | ManagementAndGeneral |
| Fundraising | 257880 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13698775 | Total |
| Program Services | 11850690 | ProgramServices |
| Management And General | 687895 | ManagementAndGeneral |
| Fundraising | 1160190 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1124557 | Total |
| Program Services | 986898 | ProgramServices |
| Management And General | 50246 | ManagementAndGeneral |
| Fundraising | 87413 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2783534 | Total |
| Program Services | 2427051 | ProgramServices |
| Management And General | 118355 | ManagementAndGeneral |
| Fundraising | 238128 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1040800 | Total |
| Program Services | 877438 | ProgramServices |
| Management And General | 65304 | ManagementAndGeneral |
| Fundraising | 98058 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26644 | Total |
| Management And General | 26644 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52150 | Total |
| Management And General | 52150 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1263396 | Total |
| Program Services | 1263396 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3246272 | Total |
| Program Services | 2814753 | ProgramServices |
| Management And General | 219167 | ManagementAndGeneral |
| Fundraising | 212352 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 437996 | Total |
| Program Services | 437996 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2076540 | Total |
| Program Services | 2024003 | ProgramServices |
| Management And General | 40493 | ManagementAndGeneral |
| Fundraising | 12044 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 241184 | Total |
| Program Services | 82311 | ProgramServices |
| Management And General | 79596 | ManagementAndGeneral |
| Fundraising | 79277 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 560073 | Total |
| Program Services | 560073 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3788497 | Total |
| Program Services | 3648527 | ProgramServices |
| Management And General | 118270 | ManagementAndGeneral |
| Fundraising | 21700 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 376530 | Total |
| Management And General | 376530 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices | FundraisingFundraising |
|---|---|---|---|---|
| GENERAL AND ADMINISTRAT | 1675261 | 1675261 | ||
| INSTRUCTION | 1220913 | 1220913 | ||
| STUDENT SERVICES | 959481 | 959481 | ||
| DEVELOPMENT | 655879 | 655879 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 232909 | Total |
| Program Services | 232909 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42589620 | Total |
| Program Services | 35687511 | ProgramServices |
| Management And General | 4079188 | ManagementAndGeneral |
| Fundraising | 2822921 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9130366 | BOY |
| EOY | 10663323 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25909982 | BOY |
| EOY | 21265661 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1352575 | BOY |
| EOY | 5754723 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 226130 | BOY |
| EOY | 269026 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 522345 | BOY |
| EOY | 548593 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 150416029 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 55169689 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89907951 | BOY |
| EOY | 95246340 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72912136 | BOY |
| EOY | 61775651 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 136065548 | BOY |
| EOY | 134820253 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 584921 | BOY |
| EOY | 2429980 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 336611954 | BOY |
| EOY | 332773550 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1974303 | BOY |
| EOY | 973021 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4369162 | BOY |
| EOY | 13914681 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36730505 | BOY |
| EOY | 34260851 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 979601 | BOY |
| EOY | 887083 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4714240 | BOY |
| EOY | 4468183 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48767811 | BOY |
| EOY | 54503819 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129265458 | BOY |
| EOY | 123126046 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21879296 | BOY |
| EOY | 17844293 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 136699389 | BOY |
| EOY | 137299392 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 287844143 | BOY |
| EOY | 278269731 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 336611954 | BOY |
| EOY | 332773550 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -2136041 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -7438371 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 207779471 | BeginningOfYearBalance |
| Contributions | 1385239 | Contributions |
| Investment Earnings Or Losses | -1940858 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3447110 | GrantsOrScholarships |
| Other Expenditures | 7052890 | OtherExpenditures |
| Administrative Expenses | 1263396 | AdministrativeExpenses |
| End Of Year Balance | 195460456 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 181456442 | BeginningOfYearBalance |
| Contributions | 6967550 | Contributions |
| Investment Earnings Or Losses | 28996471 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2704233 | GrantsOrScholarships |
| Other Expenditures | 5568819 | OtherExpenditures |
| Administrative Expenses | 1367940 | AdministrativeExpenses |
| End Of Year Balance | 207779471 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 162545494 | BeginningOfYearBalance |
| Contributions | 3842646 | Contributions |
| Investment Earnings Or Losses | 25624923 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2875757 | GrantsOrScholarships |
| Other Expenditures | 6241972 | OtherExpenditures |
| Administrative Expenses | 1438892 | AdministrativeExpenses |
| End Of Year Balance | 181456442 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 195239490 | BeginningOfYearBalance |
| Contributions | 1850411 | Contributions |
| Investment Earnings Or Losses | -23657275 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3039079 | GrantsOrScholarships |
| Other Expenditures | 6570985 | OtherExpenditures |
| Administrative Expenses | 1277068 | AdministrativeExpenses |
| End Of Year Balance | 162545494 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.31000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.68000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.01000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8211293 | OtherCostOrOtherBasis |
| Book Value | 8211293 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 127488290 | OtherCostOrOtherBasis |
| Depreciation | 47743533 | Depreciation |
| Book Value | 79744757 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8828127 | OtherCostOrOtherBasis |
| Depreciation | 7426156 | Depreciation |
| Book Value | 1401971 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5888319 | OtherCostOrOtherBasis |
| Book Value | 5888319 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 95246340 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PRIVATE EQUITIES AND ALTERNATIVE INVESTMENTS | Description |
| Book Value | 134820253 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 134820253 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS | Description |
| Amount | $4,468,183 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4468183 | TotalOfAmounts |
| Total Revenue | 40453579 | TotalRevenue |
| Total Expenses | 42589620 | TotalExpenses |
| Excess Or Deficit For Year | -2136041 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -4931888 | NetUnrealizedGLOnInvestments |
| Other | -$2,506,483 | OtherAmount |
| Total Adjustments | -7438371 | TotalAdjustments |
| Excess Or Deficit Per FS | -9574412 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 25970275 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -4931888 | NetUnrealizedGainsInvestments |
| Other Revenues | -8614185 | OtherRevenues |
| Revenue Not Rptd F990 | -13546073 | RevenueNotRptdF990 |
| Revenue Subtotal | 39516348 | RevenueSubtotal |
| Investment Expenses Not Included | 1263396 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -326165 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 937231 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 40453579 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 35544687 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 519535 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 519535 | ExpensesNotRptdF990 |
| Expenses Subtotal | 35025152 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 1263396 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 6301072 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 7564468 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 42589620 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 1A: | THE SCHOOL HAS A COLLECTION OF ARTWORK WHICH IS ON PUBLIC DISPLAY THROUGHOUT ITS CAMPUS BUILDINGS. THE SCHOOL FOLLOWS A POLICY OF NOT CAPITALIZING THE COLLECTION OF ARTWORK IN ITS FINANCIAL STATEMENTS. ACCORDINGLY, NO COLLECTION ITEMS ARE RECOGNIZED AS ASSETS, WHETHER THEY ARE PURCHASED OR RECEIVED AS A CONTRIBUTION. PURCHASES OF COLLECTION ITEMS REDUCE NET ASSETS IN THE PERIOD OF PURCHASE. PROCEEDS FROM SALES OR INSURANCE RECOVERIES ARE RECORDED AS INCREASES IN NET ASSETS WHEN RECEIVED. NO ITEMS WERE PURCHASED FOR OR REMOVED FROM THE COLLECTION IN 2012 OR 2011. | |
| PART III, LINE 4: | COLLECTIONS ARE COMPRISED OF VARIOUS PAINTINGS AND SCULPTURES THAT ARE ON DISPLAY THROUGHTOUT THE SCHOOL FOR THE CULTURAL ENRICHMENT OF ITS STUDENT BODY. | |
| PART V, LINE 4: | RESTRICTED ENDOWMENT FUNDS ARE USED IN ACCORDANCE WITH DONOR-IMPOSED STIPULATIONS. UNRESTRICTED ENDOWMENT FUNDS, INCLUDING BOARD DESIGNATED FUNDS, ARE USED IN ACCORDANCE WITH THE SPENDING POLICY APPROVED BY THE BOARD OF TRUSTEES. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | THE SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2012 AND 2011. 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 STATEMENTS OF FINANCIAL POSITION. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -813,113. IMPAIRMENT LOSS -1,500,000. BOOK VS TAX DIFFERENCE -193,370. TOTAL TO SCHEDULE D, PART XI, LINE 8: -2,506,483. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -813,113. FINANCIAL AID -6,301,072. IMPAIRMENT LOSS -1,500,000. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| BOOK VS. TAX DIFFERENCE 193,370. COST OF GOODS SOLD -519,535. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| COST OF GOODS SOLD 519,535. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| FINANCIAL AID 6,301,072. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | NEWSPAPER MEDIA | Explanation |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN - | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConducted |
| Total Expenditures | 76139977 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 76139977 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 76139977 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 1 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 1 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | STUDENT FINANCIAL AID | TypeOfGrant |
| Number Of Recipients | 197 | NumberOfRecipients |
| Amount Of Cash Grant | 0 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 6301072 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | TUITION AND FEES ASSISTANCE | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: ALL FINANCIAL AID RECIPIENTS ARE REQUIRED TO COMPLETE A FINANCIAL AID STATEMENT AND PROVIDE THE NECESSARY SUPPORTING DOCUMENTATION. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM R MACMULLEN | |||||||||||||
| 285832 | 0 | 0 | 0 | 0 | 0 | 29400 | 0 | 122437 | 0 | 437669 | 0 | 0 | 0 |
| GILBERT T THORNFELDT | |||||||||||||
| 178497 | 0 | 0 | 0 | 0 | 0 | 18907 | 0 | 25526 | 0 | 222930 | 0 | 0 | 0 |
| CHRISTOPHER R LATHAM | |||||||||||||
| 201096 | 0 | 0 | 0 | 0 | 0 | 24955 | 0 | 38887 | 0 | 264938 | 0 | 0 | 0 |
| FREDERICK WANDELT | |||||||||||||
| 153167 | 0 | 0 | 0 | 0 | 0 | 18520 | 0 | 8826 | 0 | 180513 | 0 | 0 | 0 |
| JAMES SHEPARD | |||||||||||||
| 106030 | 0 | 0 | 0 | 0 | 0 | 11247 | 0 | 60861 | 0 | 178138 | 0 | 0 | 0 |
| H WILLIAM DAVIS | |||||||||||||
| 102453 | 0 | 0 | 0 | 0 | 0 | 13051 | 0 | 43686 | 0 | 159190 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | AS THE SCHOOL OPERATES AS A BOARDING SCHOOL WITH APPROXIMATELY 472 STUDENTS RESIDING ON CAMPUS, CERTAIN INDIVIDUALS ARE REQUIRED TO RESIDE ON CAMPUS. THE VALUE OF SCHOOL HOUSING PROVIDED FOR THIS PURPOSE MEETS THE REQUIREMENT FOR TAX EXEMPTION UNDER IRC SECTION 119, AND ACCORDINGLY, IS INCLUDED IN NON-TAXABLE BENEFITS. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY | |||||||
| 060806186 | 20774UG74 | 2008-08-13 | 17738135 | DEFEASE SERIES F AND SERIES D | 0 | 0 | 0 |
| CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY | |||||||
| 060806186 | 2077415Q8 | 2008-12-23 | 8500000 | CONSTRUCTION OF DINING HALL | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Amount Bond DefeasedAmountBondDefeased | Amount In Reserve FundAmountInReserveFund | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Total ProceedsTotalProceeds | Capital ExpendituresCapitalExpenditures |
|---|---|---|---|---|---|---|---|---|---|---|
| 17738135 | 1649647 | 15758283 | 330205 | 2008 | 1 | 0 | 1 | 1 | ||
| 215170 | 2009 | 0 | 0 | 1 | 1 | 8500000 | 8284830 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs | Engage Bond Counsel ContractsEngageBondCounselContracts |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 | |
| 0 | 0 | 1 | 0 | 1 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 1 | 0 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fed Tax Requirements Compliance | X | FedTaxRequirementsCompliance |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| O & G INDUSTRIES INC | |||
| GREGORY ONEGLIA, FORMER TRUSTEE (2009) & AN OWNER OF O & G INDUSTRIES, INC. | 183106 | PROVIDED CONSTRUCTION SERVICES TO THE SCHOOL | 0 |
| MEREDITH THORNFELDT | |||
| SPOUSE OF AN OFFICER | 20848 | EMPLOYEE COMPENSATION | 0 |
| PAMELA MACMULLEN | |||
| SPOUSE OF AN OFFICER | 72700 | EMPLOYEE COMPENSATION | 0 |
Schedule M IRS990ScheduleM
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 450000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | SPONSOR EVENT | 3 | 29170 | COST |
| X | LANTERNS | 1 | 6750 | COST |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | THE SCHOOL MAY CONTRACT WITH THIRD PARTIES, SUCH AS A REAL ESTATE BROKER, TO ACT AS A BROKER AGENT FOR THE SALE OF REAL ESTATE. THE SCHOOL ALSO MAINTAINS AN ACCOUNT WITH A FINANCIAL INSTITUTION THROUGH WHICH IT LIQUIDATES DONATED SECURITIES. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | TWO TRUSTEES, DONALD PASCAL AND MARIS PASCAL ARE MARRIED TO EACH OTHER. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ASSISTANT TREASURER AND THE CONTROLLER REVIEW A COPY OF THE DRAFT FORM 990, WHICH IS FIRST REVIEWED BY THE SCHOOL'S EXTERNAL AUDITORS. THE FORM 990 IS EMAILED TO ALL AUDIT COMMITTEE MEMBERS SEVERAL DAYS IN ADVANCE OF A SCHEDULED AUDIT AND RISK COMMITTEE MEETING. HIGHLIGHTS OF THE FORM 990 ARE SUBSEQUENTLY PRESENTED TO THE BOARD OF TRUSTEES AT A REGULARLY SCHEDULED MEETING FOR FULL BOARD DISCUSSION AND COMMENT. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE SCHOOL HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO SIGN A COPY OF THE CONFLICT OF INTEREST STATEMENT. ISSUES THAT PRESENT A POTENTIAL CONFLICT OF INTEREST RELATED TO ANY CURRENT TRUSTEE, OFFICER OR KEY EMPLOYEE ARE BROUGHT TO THE ATTENTION OF THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND INCLUSION IN BOARD MINUTES. THE TRUSTEE, OFFICER OR KEY EMPLOYEE THAT IS IDENTIFIED AS POSSIBLY HAVING A CONFLICT OF INTEREST IS ASKED TO RECUSE THEMSELVES FROM THE MEETING AND DISCUSSION OF THE ISSUE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE HEADMASTER/PRESIDENT OF THE CORPORATION IS DETERMINED BY THE GOVERNANCE COMMITTEE, INDEPENDENTLY OF THAT INDIVIDUAL, BASED UPON SURVEY DATA COLLECTED RELATED TO THE COMPENSATION OF THE HEADS OF SCHOOLS FROM 39 COMPARABLE BOARDING SCHOOLS. COMPENSATION FOR KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT OF THE CORPORATION, INDEPENDENTLY OF THOSE INDIVIDUALS, BASED UPON COMPENSATION DATA SURVEYED FROM THOSE SAME 39 SCHOOLS AND REVIEWED BY THE GOVERNANCE COMMITTEE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE TAFT SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -4,931,888. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -813,113. IMPAIRMENT LOSS -1,500,000. BOOK VS TAX DIFFERENCE -193,370. TOTAL TO FORM 990, PART XI, LINE 5: -7,438,371. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C | THE SCHOOL HAS NOT CHANGED EITHER ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. |