TILTON SCHOOL: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- TILTON SCHOOL (EIN 02-0222239)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-11-12
- IRS object ID
- 201333169349302578
- Schema version
- 2012v2.1
- 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 I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-12T07:15:21-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 020327524 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATHAN WECHSLER & COMPANY PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 COMMERCIAL STREET SUITE 401 | AddressLine1 |
| City | CONCORD | City |
| State | NH | State |
| ZIP Code | 03301 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 020222239 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TILTON SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TILT | NameControl |
| Phone | 6032864342 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 SCHOOL STREET | AddressLine1 |
| City | TILTON | City |
| State | NH | State |
| ZIP Code | 03276 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PETER SALIBA | Name |
| Title | HEAD OF SCHOOL | Title |
| Phone | 6032864342 | Phone |
| Date Signed | 2013-11-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KELLI D'AMORE CPA | Name |
| PTIN | P01402985 | PTIN |
| Phone | 6032245357 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | PETER SALIBA | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 SCHOOL STREET | AddressLine1 |
| City | TILTON | City |
| State | NH | State |
| ZIP Code | 03276 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 14351644 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.TILTONSCHOOL.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1845 | YearFormation |
| State Legal Domicile | NH | StateLegalDomicile |
| Activity Or Mission Description | TILTON SCHOOL IS AN INDEPENDENT, COEDUCATIONAL, COLLEGE PREPARATORY SCHOOL SERVING STUDENTS FROM 9TH TO 12TH GRADE AND POST-GRADUATES. TILTON'S STUDENT BODY OF 252 CONSISTS OF 63 DAY STUDENTS AND 189 BOARDING STUDENTS FROM 23 STATES AND 17 COUNTRIES. ALTHOUGH THE TILTON EXPERIENCE IS DIFFERENT FOR EVERY STUDENT, IT CHALLENGES ALL STUDENTS TO TRY NEW THINGS, LEARN NEW SKILLS, AND SET NEW GOALS.TILTON SCHOOL FOR OVER 160 YEARS HAS BELIEVED IN AND SEEN THE POWER OF POTENTIAL - THE IDEA THAT EVERY STUDENT HAS THE ABILITY TO ACHIEVE, TO EXCEL, TO UNCOVER THEIR INNATE SKILLS AND DEVELOP NEW ONES. THE POWER OF POTENTIAL IS ABOUT BOTH THE OUTCOME AND PROCESS - A PROCESS OF DISCOVERY, OF CHALLENGE, OF YOUNG ADULTS STRETCHING AND ACCOMPLISHING BEYOND THEIR IMAGINATION OR PRECONCEIVED NOTION OF THEIR CAPABILITIES. STUDENTS LEAVE TILTON WITH THE SKILLS, KNOWLEDGE, AND VALUES ESSENTIAL TO A LIFE OF PERSONAL AND PROFESSIONAL SUCCESS AND WITH A COMMITMENT TO SERVE OTHERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 27 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 25 | NbrIndependentVotingMembers |
| Total Nbr Employees | 145 | TotalNbrEmployees |
| Total Nbr Volunteers | 125 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1325537 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2661963 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 11593969 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 11489204 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 201160 | InvestmentIncomePriorYear |
| Investment Income Current Year | 200477 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 13120666 | TotalRevenuePriorYear |
| Total Revenue Current Year | 14351644 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2661701 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2430973 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4969220 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 5265785 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 608182 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 6306080 | OtherExpensePriorYear |
| Other Expenses Current Year | 5622958 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 13937001 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13319716 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -816335 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1031928 | RevenuesLessExpensesCY |
| Total Assets BOY | 37211959 | TotalAssetsBOY |
| Total Assets EOY | 38888470 | TotalAssetsEOY |
| Total Liabilities BOY | 23062208 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 21178337 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 14149751 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 17710133 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TILTON SCHOOL IS AN INDEPENDENT, COEDUCATIONAL, COLLEGE PREPARATORY SCHOOL SERVING STUDENTS FROM 9TH TO 12TH GRADE AND POST-GRADUATES. TILTON'S STUDENT BODY OF 252 CONSISTS OF 63 DAY STUDENTS AND 189 BOARDING STUDENTS FROM 23 STATES AND 17 COUNTRIES. ALTHOUGH THE TILTON EXPERIENCE IS DIFFERENT FOR EVERY STUDENT, IT CHALLENGES ALL STUDENTS TO TRY NEW THINGS, LEARN NEW SKILLS, AND SET NEW GOALS.FOR OVER 160 YEARS TILTON SCHOOL HAS BELIEVED IN AND SEEN THE POWER OF POTENTIAL - THE IDEA THAT EVERY STUDENT HAS THE ABILITY TO ACHIEVE, TO EXCEL, TO UNCOVER THEIR INNATE SKILLS AND DEVELOP NEW ONES. THE POWER OF POTENTIAL IS ABOUT BOTH THE OUTCOME AND PROCESS - A PROCESS OF DISCOVERY, OF CHALLENGE, OF YOUNG ADULTS STRETCHING AND ACCOMPLISHING BEYOND THEIR IMAGINATION OR PRECONCEIVED NOTION OF THEIR CAPABILITIES. STUDENTS LEAVE TILTON WITH THE SKILLS, KNOWLEDGE, AND VALUES ESSENTIAL TO A LIFE OF PERSONAL AND PROFESSIONAL SUCCESS AND WITH A COMMITMENT TO SERVE OTHERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 9088594 | Expense |
| Grants | 2430973 | Grants |
| Revenue | 11489204 | Revenue |
| Description | PRIVATE SECONDARY SCHOOL WHICH SERVICED 252 STUDENTS DURING THE LAST YEAR, TEACHING SUBJECTS SIMILAR TO THOSE TAUGHT IN PUBLIC SCHOOLS. | Description |
| Total Program Service Expense | 9088594 | 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 | 0 | 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 | 1 | 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 | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | 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 |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 48 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 145 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| 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 | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| 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 | 27 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 25 | 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 | 0 | 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 | NH | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELIZABETH SHEEHAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6032861722 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TILTON SCHOOL 30 SCHOOL STREET | AddressLine1 |
| City | TILTON | City |
| State | NH | State |
| ZIP Code | 03276 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (28 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | FormerFormer |
|---|---|---|---|---|---|---|---|
| KIRK WHEALE | |||||||
| BOARD CHAIR | 25.00 | X | X | 0 | 0 | 0 | |
| TYSON L CONRAD | |||||||
| FACULTY TRUSTEE | 40.00 | X | 37312 | 0 | 6953 | ||
| SARAH BIRD | |||||||
| FIRST VICE CHAIR | 10.00 | X | X | 0 | 0 | 0 | |
| PETER C SALIBA | |||||||
| HEAD OF SCHOOL | 40.00 | X | X | 106769 | 0 | 13889 | |
| J TERRILL JUDD | |||||||
| SECOND VICE CHAIR | 10.00 | X | X | 0 | 0 | 0 | |
| MARK MCAULIFFE | |||||||
| SECRETARY | 10.00 | X | X | 0 | 0 | 0 | |
| JAMIE ROME | |||||||
| TREASURER | 10.00 | X | X | 0 | 0 | 0 | |
| DONNA WELCH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ELLEN H FINN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| SHARON SPANOS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| TIMOTHY CLOUDMAN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| LARRY BARTELL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOHN MORTON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| LAWRENCE O'ROURKE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD AMMONS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ATTY MARK S RUDD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DR ROBERT WILSON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JAMES M SALTER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| PHILIP HAMBLET | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| ROBERT GRAHAM | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ROBERT RORISTON | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| THOMAS CALLAHAN | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| CHARLES PATTEN | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| DENIS GAUDET | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| STEPHEN ANDERSON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MICHAEL MAYO | |||||||
| TRUSTEE & ALUMNI ASSOC. | 20.00 | X | 0 | 0 | 0 | ||
| BRIDGET PLISKIN | |||||||
| TRUSTEE & PARENT'S ASSOCIA | 1.00 | X | 0 | 0 | 0 | ||
| JAMES R CLEMENTS - SEE SCH O | |||||||
| RETIRING HEAD OF SCHOOL | 1.00 | 448824 | 0 | 20625 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 592905 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 41467 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 2661963 | AllOtherContributions |
| Noncash Contributions | 30802 | NoncashContributions |
| Total Contributions | 2661963 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 900099 | 11069073 | 11069073 |
| ANCILLARY SERVICES | 900099 | 390651 | 390651 |
| SUMMER PROGRAMS | 900099 | 29480 | 29480 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 11489204 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 198877 | TotalRevenueColumn |
| Exclusion | $198,877 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1600 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1600 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1600 | TotalRevenueColumn |
| Exclusion | $1,600 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14351644 | TotalRevenueColumn |
| Related Or Exempt Function Income | 11489204 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $200,477 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2430973 | Total |
| Program Services | 2430973 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 273847 | Total |
| Program Services | 68462 | ProgramServices |
| Management And General | 95846 | ManagementAndGeneral |
| Fundraising | 109539 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4001581 | Total |
| Program Services | 2391019 | ProgramServices |
| Management And General | 1367962 | ManagementAndGeneral |
| Fundraising | 242600 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 190136 | Total |
| Program Services | 109787 | ProgramServices |
| Management And General | 65089 | ManagementAndGeneral |
| Fundraising | 15260 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 490517 | Total |
| Program Services | 290928 | ProgramServices |
| Management And General | 168933 | ManagementAndGeneral |
| Fundraising | 30656 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 309704 | Total |
| Program Services | 178828 | ProgramServices |
| Management And General | 106020 | ManagementAndGeneral |
| Fundraising | 24856 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29440 | Total |
| Management And General | 29440 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45228 | Total |
| Management And General | 45228 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115899 | Total |
| Management And General | 115899 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 718589 | Total |
| Management And General | 718589 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1136032 | Total |
| Program Services | 1136032 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66544 | Total |
| Management And General | 66544 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| OPRTN & MAINT. OF PLANT | 1081945 | 1081945 | |
| ANCILLARY SERVICES | 857940 | 857940 | |
| ADMINISTRATIVE & OTHER | 631993 | 631993 | |
| STUDENT SERVICES | 222816 | 222816 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 716532 | Total |
| Program Services | 319864 | ProgramServices |
| Management And General | 211397 | ManagementAndGeneral |
| Fundraising | 185271 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13319716 | Total |
| Program Services | 9088594 | ProgramServices |
| Management And General | 3622940 | ManagementAndGeneral |
| Fundraising | 608182 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1171969 | BOY |
| EOY | 1121930 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2261659 | BOY |
| EOY | 3253950 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38347 | BOY |
| EOY | 46815 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58698 | BOY |
| EOY | 62486 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 316975 | BOY |
| EOY | 290754 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28297 | BOY |
| EOY | 43766 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 271967 | BOY |
| EOY | 225516 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 31274080 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 10385751 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21093242 | BOY |
| EOY | 20888329 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3918397 | BOY |
| EOY | 4624194 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7498805 | BOY |
| EOY | 7884011 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 553603 | BOY |
| EOY | 446719 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37211959 | BOY |
| EOY | 38888470 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 777171 | BOY |
| EOY | 779450 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1808644 | BOY |
| EOY | 1739458 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15750000 | BOY |
| EOY | 15395000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114464 | BOY |
| EOY | 89615 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4611929 | BOY |
| EOY | 3174814 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23062208 | BOY |
| EOY | 21178337 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5606885 | BOY |
| EOY | 7916621 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4149189 | BOY |
| EOY | 5328266 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4393677 | BOY |
| EOY | 4465246 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14149751 | BOY |
| EOY | 17710133 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37211959 | BOY |
| EOY | 38888470 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1031928 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 1346798 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 1181656 | 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 |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| 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
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 13954717 | BeginningOfYearBalance |
| Contributions | 398978 | Contributions |
| Investment Earnings Or Losses | 1477735 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 213755 | GrantsOrScholarships |
| Other Expenditures | 541372 | OtherExpenditures |
| Administrative Expenses | 115899 | AdministrativeExpenses |
| End Of Year Balance | 14960404 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 14575170 | BeginningOfYearBalance |
| Contributions | 238205 | Contributions |
| Investment Earnings Or Losses | -8614 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 214672 | GrantsOrScholarships |
| Other Expenditures | 528047 | OtherExpenditures |
| Administrative Expenses | 107325 | AdministrativeExpenses |
| End Of Year Balance | 13954717 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 14570289 | BeginningOfYearBalance |
| Contributions | 197011 | Contributions |
| Investment Earnings Or Losses | 632188 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 219683 | GrantsOrScholarships |
| Other Expenditures | 526655 | OtherExpenditures |
| Administrative Expenses | 77980 | AdministrativeExpenses |
| End Of Year Balance | 14575170 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 13892434 | BeginningOfYearBalance |
| Contributions | 1205511 | Contributions |
| Investment Earnings Or Losses | 272471 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 216217 | GrantsOrScholarships |
| Other Expenditures | 561713 | OtherExpenditures |
| Administrative Expenses | 22197 | AdministrativeExpenses |
| End Of Year Balance | 14570289 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15164832 | BeginningOfYearBalance |
| Contributions | 977578 | Contributions |
| Investment Earnings Or Losses | -1447075 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 250455 | GrantsOrScholarships |
| Other Expenditures | 531831 | OtherExpenditures |
| Administrative Expenses | 20615 | AdministrativeExpenses |
| End Of Year Balance | 13892434 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.47750 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.28380 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.23870 | 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 | 4281046 | OtherCostOrOtherBasis |
| Book Value | 4281046 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 23077945 | OtherCostOrOtherBasis |
| Depreciation | 9792899 | Depreciation |
| Book Value | 13285046 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3681765 | OtherCostOrOtherBasis |
| Depreciation | 592852 | Depreciation |
| Book Value | 3088913 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 233324 | OtherCostOrOtherBasis |
| Book Value | 233324 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 20888329 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| CHARITABLE TRUST | 129647 | F |
| CHARITABLE GIFT ANNUITIES | 775324 | F |
| HSBC - PARTNERS CAPITAL | 2404071 | F |
| TIFF INVESTMENTS | 1249680 | F |
| HIGH VISTA INVESTMENTS | 3325289 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 7884011 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| PRESENT VALUE OBLIGATION OF CHARITABLE GIFT ANNUITIES | $433,122 |
| INTEREST RATE SWAP CONTRACT | $2,741,692 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3174814 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 14354559 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1346798 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 21333 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 1181656 | OtherRevenues |
| Revenue Not Rptd F990 | 2549787 | RevenueNotRptdF990 |
| Revenue Subtotal | 11804772 | RevenueSubtotal |
| Investment Expenses Not Included | 115899 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 2430973 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2546872 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 14351644 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 10794177 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 21333 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 21333 | ExpensesNotRptdF990 |
| Expenses Subtotal | 10772844 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 115899 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 2430973 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2546872 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 13319716 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | FOR GENERATIONS, TILTON SCHOOL HAS MAINTAINED A STABLE ENDOWMENT THROUGH THE GENEROSITY OF GRATEFUL ALUMNI AND ALUMNAE, FRIENDS AND BENEFACTORS THAT HAVE BELIEVED IN THE MISSION OF THE SCHOOL TO ADVANCE THE PASSIONATE PURSUIT OF LIFELONG LEARNING. THE ENDOWMENT HELPS SUSTAIN THE SCHOOL ANNUALLY WITH A DRAW BASED ON A SPENDING POLICY IN LINE WITH UPMIFA TO LEND SUPPORT TO THE OPERATING BUDGET. IN ORDER FOR THE ENDOWMENT FUNDS TO BE AVAILABLE FOR PERPETUITY, THE FUNDS ARE INVESTED WITH APPROPRIATE ASSET ALLOCATIONS THAT ARE REVIEWED THROUGHOUT THE YEAR BASED ON CLEAR GUIDELINES AND OBJECTIVES FOR PRESERVATION OF CAPITAL AND GROWTH FOR LONG TERM VIABILITY, BALANCING ITS POSITIVE IMPACT ON TILTON SCHOOL STUDENTS TODAY AND IN THE FUTURE. WITH CAREFUL STEWARDSHIP, THE ENDOWMENT FUNDS ARE SPENT IN ACCORDANCE WITH DONOR INTENTS AND HAVE ENABLED THE SCHOOL WITH ASSISTANCE FOR A BROAD ARRAY OF ACTIVITIES SUCH AS FINANCIAL AID, MERIT SCHOLARSHIPS, ENRICHMENT PROGRAMS FOR FACULTY, CONTINUED EDUCATION FOR FACULTY, THEATRE, ARTS, ATHLETICS AND ENHANCEMENTS TO BUILDINGS EACH YEAR. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAXES BY VIRTUE OF ITS ONGOING EXEMPTION FROM FEDERAL INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO.48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC 740). ACCORDINGLY, MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2010. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 1,807. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -335,907. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 1,515,756. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID TO STUDENTS (TUITION IS SHOWN NET ON FINANCIAL REPORT) 2,430,973. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID (NET WITH TUITION ON FINANCIAL REPORT) 2,430,973. | |
| PART VI, LINE 1B: THE COSTS BASIS AND ACCUMULATED DEPRECIATION FOR BUILDINGS INCLUDES BOTH BUILDINGS AND BUILDING IMPROVEMENTS. |
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 | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE SCHOOL'S NON-DISCRIMINATION POLICY IS CLEARLY STATED IN ITS PROMOTIONAL CATALOG AND IS AVAILABLE ON THE WEBSITE. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | GOVERNMENTAL FINANCIAL ASSISTANCE HAS NOT BEEN PREVIOUSLY REVOKED OR SUSPENDED. THE SCHOOL RECEIVES FEDERAL FUNDS FOR THE BREAKFAST PROGRAM. THE SCHOOL RECEIVED $1,997 FROM THE STATE OF NEW HAMPSHIRE. |
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 | 120 STUDENTS WERE AWARDED FINANCIAL AID AND SCHOLARSHIPS FOR THE YEAR. | TypeOfGrant |
| Number Of Recipients | 120 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 2430973 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | TUITION REDUCTION | 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: SCHOLARSHIPS AND FINANCIAL AID PROVIDE ASSISTANCE TO STUDENTS WHO COULD NOT OTHERWISE AFFORD TO ATTEND THE SCHOOL. FINANCIAL AID IS BASED ON FINANCIAL NEED. SCHOLARSHIPS AND FINANCIAL AID ALSO INCLUDES 18 STUDENTS WHO RECEIVED MERIT BASED SCHOLARSHIPS AND 27 STUDENTS WHO RECEIVED BOTH MERIT BASED SCHOLARSHIPS AND NEED BASED AID. SCHOLARSHIPS AND FINANCIAL AID ARE OFFERED AS A TUITION REDUCTION ONLY AND ARE NON-REFUNDABLE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JAMES R CLEMENTS - SEE SCH O | NamePerson |
| Title | RETIRING HEAD OF SCHOOL | Title |
| Base Compensation Filing Org | 115653 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 20000 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 313171 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 8966 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 11659 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 469449 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | THE HEAD OF SCHOOL AS CHIEF EXECUTIVE OFFICER IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT FOR A BOARDING SCHOOL. THE SCHOOL PROVIDES A HOME FOR THE HEAD OF SCHOOL AND HIS FAMILY AS PART OF HIS SALARY ARRANGEMENT. THE VALUATION OF THE HOUSING BENEFIT IS DETERMINED THROUGH DATA COMPARISON WITH SIMILAR SCHOOLS IN THE INDEPENDENT SCHOOLS ASSOCIATION OF NORTHERN NEW ENGLAND OF WHICH TILTON SCHOOL IS A MEMBER. THE SCHOOL DOES PROVIDE PERSONAL MAID SERVICE FOR THE HOME OF THE HEAD OF SCHOOL. AS THE HOME IS OFTEN USED FOR MEETINGS AND FUNDRAISING ACTIVITIES, CLEANING SERVICES ARE PROVIDED THROUGH THE SCHOOL'S HOUSEKEEPING DIVISION. THE VALUATION OF THIS SERVICE HAS BEEN COMPUTED BY DETERMINING THE NUMBER OF PERSONNEL ASSIGNED TO THIS TASK AND THE HOURS PER WEEK. |
| PART I, LINE 4A | JAMES R. CLEMENTS, THE RETIRING HEAD OF SCHOOL'S REPORTABLE COMPENSATION FOR 2012 REPRESENTS WAGES PAID FROM 1/1/12-6/30/12, PAYMENT OF 457(F) DEFERRED COMPENSATION PLAN REQUIRED UPON END OF SERVICE AND INCENTIVE AWARD FOR HIS SERVICE TO TILTON SCHOOL FOR 14 YEARS. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY - SERIES 2006 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 020279866 | IssuerEIN |
| CUSIP Number | 644614NX3 | CUSIPNumber |
| Date Issued | 2006-02-23 | DateIssued |
| Issue Price | 17000000 | IssuePrice |
| Description Of Purpose | TO REFINANCE 1999 BOND ISSUE AND FOR CAPITAL EXPENSES RELATED TO BUILDINGS | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | 17000000 | TotalProceeds |
| Refunding Escrow | 2499326 | RefundingEscrow |
| Issuance Costs From Proceeds | 234283 | IssuanceCostsFromProceeds |
| Capital Expenditures | 14260522 | CapitalExpenditures |
| Amount Unspent | 5869 | AmountUnspent |
| Year Of Subst Completion | 2007 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 0 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Bond Iss Meet Prvt Security Pay Test | 1 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 0 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiled |
| Rebate Not Due Yet | 0 | RebateNotDueYet |
| Exception To Rebate | 0 | ExceptionToRebate |
| No Rebate Due | 0 | NoRebateDue |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOVEREIGN BANK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 30.000000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 1 | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITIGROUP FINANCIAL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of GIC | 1.830000000000 | TermOfGIC |
| Regulatory Safe Harbor Satisfied | 1 | RegulatorySafeHarborSatisfied |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqs |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 9 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 30802 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION MISSION STATEMENT | FORM 990, PART I, LINE 1 | TILTON SCHOOL CHALLENGES STUDENTS TO EMBRACE AND NAVIGATE A WORLD MARKED BY DIVERSITY AND CHANGE. THROUGH THE QUALITY OF HUMAN RELATIONSHIPS, TILTON SCHOOL'S FACULTY CULTIVATES IN ITS STUDENTS THE CURIOSITY, THE SKILLS, THE KNOWLEDGE AND UNDERSTANDING, THE CHARACTER AND THE INTEGRITY REQUISITE FOR THE PASSIONATE PURSUIT OF LIFELONG PERSONAL SUCCESS AND SERVICE. |
| ORGANIZATION MISSION STATEMENT | FORM 990, PART III, LINE 1 | TILTON SCHOOL CHALLENGES STUDENTS TO EMBRACE AND NAVIGATE A WORLD MARKED BY DIVERSITY AND CHANGE. THROUGH THE QUALITY OF HUMAN RELATIONSHIPS, TILTON SCHOOL'S FACULTY CULTIVATES IN ITS STUDENTS THE CURIOSITY, THE SKILLS, THE KNOWLEDGE AND UNDERSTANDING, THE CHARACTER AND THE INTEGRITY REQUISITE FOR THE PASSIONATE PURSUIT OF LIFELONG PERSONAL SUCCESS AND SERVICE. |
| FORM 990, PART VI, SECTION A, LINE 2 | BOARD MEMBERS SARAH BIRD AND ROBERT RORISTON HAVE A FAMILY RELATIONSHIP. | |
| FORM 990, PART VI, SECTION B, LINE 11 | POLICY: TILTON SCHOOL RECOGNIZES THAT THE GOVERNANCE ROLE OF ITS BOARD OF TRUSTEES INCLUDES THE ANNUAL REVIEW OF FORM 990(RETURN OF ORGANIZATIONS EXEMPT FROM TAXATION). ACCORDINGLY, TILTON SCHOOL REQUIRES REVIEW OF THE FORM 990 BY THE BOARD OF TRUSTEES PRIOR TO ITS FILING ON AN ANNUAL BASIS. SCHEDULE B IS RECEIVED BY THE AUDIT COMMITTEE ONLY. THIS COMMITTEE RECOMMENDS APPROVAL TO THE FULL BOARD. PROCEDURES: 1. SENIOR MANAGEMENT OF TILTON SCHOOL IS RESPONSIBLE FOR THE TIMELY PREPARATION OF FORM 990. 2. THE COMPLETED FROM 990 WILL BE PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE A DETAILED AND CONSCIENTIOUS REVIEW BY ALL MEMBERS OF THE COMMITTEE. ALL QUESTIONS, CONCERNS, ETC. OF THE AUDIT COMMITTEE WILL BE ADDRESSED BY THE DIRECTOR OF FINANCE & OPERATIONS AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. 3. ALL MEMBERS OF THE BOARD OF TRUSTEES WILL BE INVITED TO REVIEW THE COMPLETED FORM 990 IN ADVANCE OF FILING DEADLINE VIA THE TRUSTEE PORTAL OF THE SCHOOL'S WEBSITE AT WWW.TILTONSCHOOL.ORG. SHOULD A TRUSTEE NOT HAVE WEBSITE ACCESS, THEY MAY REQUEST AN ELECTRONIC COPY VIA EMAIL OR HARD COPY VIA US MAIL TO REVIEW. ALL QUESTIONS, CONCERNS, ETC. OF THE MEMBERS OF THE BOARD OF TRUSTEES WILL BE ADDRESSED BY THE DIRECTOR OF FINANCE & OPERATIONS AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. 4. AFTER ALL OF THE INPUT FROM THE BOARD OF TRUSTEES AND THE AUDIT COMMITTEE HAS BEEN APPROPRIATELY ADDRESSED, SENIOR MANAGEMENT OF TILTON SCHOOL WILL FILE THE FINAL FORM 990 AS REQUIRED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF TRUSTEES REVIEW AND EXECUTE A CONFLICT OF INTEREST POLICY ANNUALLY. THE BOARD CHAIR IS CHARGED WITH ENSURING COMPLIANCE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE POLICY ON THE PROCESS OF DETERMINING COMPENSATION OF TILTON SCHOOL APPLIES TO THE COMPENSATION OF THE FOLLOWING PERSONS EMPLOYED BY TILTON SCHOOL: 1. TILTON SCHOOL EMPLOYED EXECUTIVE BY TITLE: HEAD OF SCHOOL 2. OTHER OFFICERS OR KEY EMPLOYEES OF TILTON SCHOOL BY TITLE: (N/A) THE PROCESS OF DETERMINING COMPENSATION INCLUDES THE FOLLOWING ELEMENTS: (1) REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES AS RECOMMENDED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES; (2) USE OF INDUSTRY DATA AS TO COMPARABLE COMPENSATION; (3) REVIEW AND APPROVAL BY AN INDEPENDENT COMPENSATION SPECIALIST; (4) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. 1. REVIEW AND APPROVAL: THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AS RECOMMENDED AND PRESENTED BY THE COMPENSATION COMMITTEE. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT IS NOT INVOLVED IN THIS REVIEW AND APPROVAL. 2. USE OF INDUSTRY DATA AS TO COMPARABLE COMPENSATION: ANNUALLY THE COMPENSATION COMMITTEE REQUESTS INDUSTRY DATA ON COMPARABLE SALARY THAT IS PROVIDED BY THE DIRECTOR OF FINANCE AND OPERATIONS. THE SCHOOL PARTICIPATES IN SALARY SURVEYS OF ITS NATIONAL AND LOCAL INDEPENDENT SCHOOL ASSOCIATIONS ANNUALLY IN ORDER TO OBTAIN COMPARABLE DATA AND REMAIN CURRENT IN THE INDUSTRY TRENDS. 3. REVIEW AND APPROVAL BY AN INDEPENDENT COMPENSATION SPECIALIST: THE BOARD OF TRUSTEES FROM TIME-TO-TIME MAY HIRE AN INDEPENDENT COMPENSATION SPECIALIST TO REVIEW AND APPROVE THE COMPENSATION PACKAGE OF THE CHIEF EMPLOYED EXECUTIVE (HEAD OF SCHOOL) AND OTHER KEY EMPLOYEES WHEN APPROPRIATE AND NOT REQUIRED ANNUALLY. THIS REVIEW HELPS TO ENSURE THAT APPROPRIATE COMPARABLE DATA IS USED AND THE WRITTEN SALARY ARRANGEMENT IS PROPERLY MANAGED BY THE SCHOOL. 4. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING: THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING BY THE BOARD OF TRUSTEES WITH RESPECT TO MEETINGS, CONVERSATIONS, DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. THE COMPENSATION ARRANGEMENT DOES RESULT IN A WRITTEN, FORMAL CONTRACT SIGNED BY THE CHAIR OF THE BOARD OF TRUSTEES AND THE CHIEF EXECUTIVE OFFICER. | |
| FORM 990, PART VI, SECTION C, LINE 19 | TILTON SCHOOL'S 990 IS AVAILABLE ON-LINE AT WWW.GUIDESTAR.ORG. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS AND THE FORM 990 ARE AVAILABLE FOR INSPECTION AT THE SCHOOL. | |
| FORM 990, PART VII, SECTION A | JAMES R. CLEMENTS, THE RETIRING HEAD OF SCHOOL'S REPORTABLE COMPENSATION FOR 2012 REPRESENTS WAGES PAID FROM 1/1/12-6/30/12, PAYMENT OF 457(F) DEFERRED COMPENSATION PLAN REQUIRED UPON END OF SERVICE AND INCENTIVE AWARD FOR HIS SERVICE TO TILTON SCHOOL FOR 14 YEARS. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 9: | CURRENT YEAR INCREASE IN CSV OF LIFE INSURANCE 1,807. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -335,907. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 1,515,756. |
| FORM 990, PART XI, LINE 2C | THE SCHOOL'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND RECOMMENDS THE INDEPENDENT AUDITOR. THE FULL BOARD OF TRUSTEES VOTES TO ACCEPT THE AUDIT AND THE INDEPENDENT AUDITOR. THERE HAVE BEEN NO CHANGES IN THIS PROCESS FROM THE PRIOR YEAR. |
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