2013-11-08T11:22:59-06:00 2013-06-30 061009205 BLUM SHAPIRO & COMPANY PC 1 PINE HILL DRIVE SUITE 301 QUINCY MA 021697431 990 2012-07-01 042103636 WALNUT HILL SCHOOL FOR THE ARTS WALN 5086534312 12 HIGHLAND STREET NATICK MA 01760 LAURA RUTHERFORD 5086505015 2013-11-06 1 KEVIN T WHITE P00097855 7819821001 2013-11-04 2012 2016-02-25 16:41:14Z ANTONIO VIVA 12 HIGHLAND STREET NATICK MA 01760 22312326 0 X WWW.WALNUTHILLARTS.ORG X 1893 MA TO EDUCATE TALENTED, ACCOMPLISHED AND INTELLECTUALLY ENGAGED YOUNG ARTISTS FROM ALL OVER THE WORLD. THE SCHOOL DOES SO IN A DIVERSE, HUMANE AND ETHICAL COMMUNITY. 21 21 270 150 0 0 1454027 1420362 14581762 16002619 658611 1276754 73987 19093 16768387 18718828 3120506 3219866 0 0 6818847 7199349 0 0 510234 6090442 6566950 16029795 16986165 738592 1732663 49442013 51315846 24098427 23350588 25343586 27965258 THE MISSION OF WALNUT HILL IS TO EDUCATE TALENTED, ACCOMPLISHED AND INTELLECTUALLY ENGAGED YOUNG ARTISTS FROM ALL OVER THE WORLD. THE SCHOOL DOES SO IN A DIVERSE, HUMANE AND ETHICAL COMMUNITY. 0 0 8438070 3121748 12082631 INSTRUCTIONAL EXPENSES RELATED TO EDUCATING THE STUDENTS WHILE AT SCHOOL. THE SCHOOL ENROLLED APPROXIMATELY 299 STUDENTS DURING THE FALL AND SPRING SEMESTERS. 3857084 2900700 STUDENT ACTIVITIES, THEATER AND MUSIC PRODUCTIONS, TUTORING, DORM LIFE AND FOOD SERVICE AND STUDENT CLUBS. THE SCHOOL ENROLLED APPROXIMATELY 299 STUDENTS DURING THE FALL AND SPRING SEMESTERS. OF THE 299 STUDENTS, APPROXIMATELY 235 STUDENTS LIVED ON-CAMPUS. 1069014 98118 1019288 SUMMER AND OTHER PROGRAM EXPENSES FOR UNENROLLED STUDENTS, SUCH AS THE COMMUNITY ARTS PROGRAM. THE SUMMER PROGRAMS ENROLLED APPROXIMATELY 222 STUDENTS AMONG MANY DIFFERENT PROGRAMS SUCH AS DANCE, VISUAL ARTS, MUSIC, WRITING AND THEATER. 13364168 1 1 0 0 0 1 0 0 0 1 1 0 0 1 1 0 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 36 0 1 270 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 1 1 0 MA X LAURA RUTHERFORD CFO 5086505015 12 HIGHLAND STREET NATICK MA 01760 LYNDA K BECK 5.00 X 0 0 0 CATHERINE T CHAN 5.00 X 0 0 0 MATAN CHOREV 5.00 X 0 0 0 JENNIFER CAUDLE 5.00 X 0 0 0 SANDRA E DELBRIDGE 5.00 X 0 0 0 RALPH FARRIS 5.00 X 0 0 0 BRUCE FIGUEROA 5.00 X 0 0 0 LENIRA FLECK 5.00 X 0 0 0 CHARLOTTE I HALL 5.00 X 0 0 0 JUSTINE HAND 5.00 X 0 0 0 OAKES HUNNEWELL 5.00 X 0 0 0 KATHRYN COOK 5.00 X 0 0 0 ALLISON PERRY IANTOSCA 5.00 X 0 0 0 CHERYL B MAROTTO 5.00 X 0 0 0 DOROTHY NEUBERGER 5.00 X 0 0 0 HAE SUN PAIK 5.00 X 0 0 0 MICHELE RIGGI 5.00 X 0 0 0 DAVID KIM 5.00 X 0 0 0 CHARLES THACHER 5.00 X 0 0 0 PETER TOLLMAN 5.00 X 0 0 0 ELIZABETH P MCCLENDON 5.00 X X 0 0 0 ANNE M MORGAN 5.00 X X 0 0 0 HUGH GELCH 5.00 X X 0 0 0 PATRICIA L DAVIDSON 5.00 X X 0 0 0 JANET EMERY PATTILLO 5.00 X X 0 0 0 LAURA RUTHERFORD 40.00 X 126725 0 20440 ANTONIO VIVA 40.00 X 177864 0 49856 BRUCE SMITH 40.00 X 116793 0 7746 JULIE FAULSTICH 40.00 X 111644 0 11167 533026 0 89209 4 0 1 0 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15122 FOOD SERVICE 519053 FLIK (COMPASS GROUP USA) PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICE 453197 NEW ENGLAND CONSERVATORY OF MUSIC 290 HUNTINGTON AVE BOSTON MA 02115 EDUCATION - MUSIC 310730 MATTHEW CONSTRUCTION COMPANY INC 4 MECHANIC ST NATICK MA 017603460 CONSTRUCTION 220333 MS PAINTING 218 EAST UNION STREET ASHLAND MA 01721 PAINTING 201586 7 151150 1269212 86089 1420362 TUITION AND FEES 611600 14633072 14633072 SUMMER PROGRAMS 611600 1019288 1019288 STUDENT ACTIVITIES 611600 151500 151500 OTHER 611600 138151 138151 RENTAL - PROG. RELATED 611600 60608 60608 16002619 547426 547426 4066627 3337299 729328 729328 729328 52600 151150 108865 -56265 -56265 222692 147334 75358 75358 18718828 16002619 0 1295847 2881891 2881891 337975 337975 619969 120385 300571 199013 5422807 4275381 1005342 142084 224426 171341 48616 4469 475675 342491 108570 24614 456472 314966 114118 27388 8847 8847 30000 30000 2405 2405 70856 2501 63332 5023 85074 28333 56741 294670 37604 208762 48304 194722 194722 1640606 1321180 314160 5266 169912 43918 105520 20474 61153 28940 28021 4192 1198053 1017866 177431 2756 96783 66622 24444 5717 FOOD SERVICE 1197433 1197433 INSTRUCTIONAL PROGRAM E 817711 817711 OTHER EXPENSE 223228 60677 141617 20934 SUMMER PROGRAM EXPENSE 113901 113901 361596 183052 178544 16986165 13364168 3111763 510234 1534046 367955 5635165 6670835 831192 372439 122139 85675 89992 55438 59798 498583 482321 35824816 14886876 20013795 20937940 14814801 15987360 2294740 2294740 3642114 3966791 49442013 51315846 867339 1340282 7539065 7710248 12270000 11965000 98501 88315 3323522 2246743 24098427 23350588 X 11687388 13465340 4279453 4797372 9376745 9702546 25343586 27965258 49442013 51315846 X 1732663 226911 662098 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 35000 391452 0 0 17109541 423066 1049553 300060 18282100 15969532 719117 606043 185151 17109541 10863832 3551995 1593705 40000 15969532 5663623 4637757 595252 32800 10863832 6248899 752267 -1304743 32800 5663623 0.47450 0.34820 0.17730 0 0 101810 101810 31656697 12577332 19079365 3197755 1924151 1273604 868554 385393 483161 20937940 PERPETUAL TRUST 3325595 ASSETS OF SPLIT INTEREST AGREEMENTS 641196 3966791 DUE TO LIFE BENEFICIARIES OF SPLIT INTEREST AGREEMENTS 43226 FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 2203517 2246743 16570486 226911 -2522587 -2295676 18866162 -147334 -147334 18718828 13948814 182515 182515 13766299 3219866 3219866 16986165 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S INTENDED USE OF ENDOWMENT FUNDS INCLUDES SCHOLARSHIP, FINANCIAL AID, FACULTY DEVELOPMENT, INVESTMENT IN PLANT AND VARIOUS OPERATIONAL NEEDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET REALIZED & UNREALIZED GAIN ON SWAP 652,954. FINANCIAL AID -3,219,866. INCREASE IN VALUE OF SPLIT INTEREST 44,325. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE -147,334. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 147,334. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 35,181. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,219,866. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 PUBLISHED NON-DISCRIMINATORY POLICY IN REGIONAL NEWSPAPERS 1 ASIA 0 0 RECRUITING FOR PROGRAM ENROLLMENT 17659 ASIA 0 0 PROGRAM ACTIVITIES ART SHOW AND FUNDRAISING MEETINGS 52978 SOUTH AMERICA 0 0 PROGRAM ACTIVITIES AND RECRUITING FOR PROGRAM ENROLLMENT DANCE MASTER CLASSES 10017 0 0 0 0 0 0 80654 0 80654 FINANCIAL AID EAST ASIA AND THE PACIFIC 16 288575 APPLIED TO STUDENT TUITION CHARGES FINANCIAL AID NORTH AMERICA, CANADA, AND MEXICO 1 5000 APPLIED TO STUDENT TUITION CHARGES FINANCIAL AID SOUTH AMERICA 2 35200 APPLIED TO STUDENT TUITION CHARGES FINANCIAL AID EUROPE 3 9200 APPLIED TO STUDENT TUITION CHARGES 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE FUNDS AWARDED TO INDIVIDUALS OUTSIDE THE UNITED STATES REPRESENT FINANCIAL AID WHICH IS APPLIED BY THE SCHOOL DIRECTLY TO THE TUITION CHARGES OWED TO THE SCHOOL. THE INDIVIDUAL DOES NOT DIRECTLY RECEIVE THESE FUNDS. METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: THE METHOD USED TO ACCOUNT FOR EXPENDITURES DISCLOSED IN THIS SCHEDULE IS THE ACCRUAL BASIS, CONSISTENT WITH THE AUDITED FINANCIAL STATEMENTS IN ACCORDANCE WITH GAAP. PROCEDURES FOR GRANT ELIGIBILITY SCHEDULE F, PART I, LINE 1: THE ORGANIZATION USES FINANCIAL RECORDS FOR ALL FAMILIES THAT REQUEST ASSISTANCE AND UTILIZE THE COMPASSIST TOOL PROVIDED BY NAIS TO HELP DETERMINE THE AMOUNT OF ASSISTANCE REQUIRED BY A FAMILY. ALL DETERMINATIONS ARE MADE BY THE FINANCIAL AID COMMITTEE USING THE COMPASSIST CALCULATION, FINANCIAL RECORDS, AND ANY OTHER INFORMATION AVAILABLE. ANNUAL GALA 203750 151150 52600 14397 39024 32833 22611 203750 151150 52600 14397 39024 32833 22611 108865 -56265 1 FINANCIAL AID 197 2881891 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID AWARDS ARE APPLIED DIRECTLY TO THE STUDENT'S OUTSTANDING TUITION BILL. CASH PAYMENTS ARE NOT MADE DIRECTLY TO RECIPIENTS. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 ANTONIO VIVA 177864 0 0 0 0 0 11100 0 38756 0 227720 0 0 0 PART I, LINE 1A THE SCHOOL REQUIRES THAT THE HEAD OF SCHOOL LIVE ON CAMPUS IN SCHOOL PROVIDED HOUSING. IT IS NOT CONSIDERED A TAXABLE BENEFIT AS THE HOUSE IS AVAILABLE TO CONDUCT SCHOOL BUSINESS IN, EVEN IF THE HEAD IS NOT THERE. IN ADDITION, WHILE THE HEAD IS IN THE HOUSING, HE IS AVAILABLE TO ASSIST THE NEEDS OF THE SCHOOL SHOULD THEY ARISE OUTSIDE OF NORMAL BUSINESS HOURS. DUE TO THE RESIDENTIAL COMPONENT OF THE SCHOOL, IT IS CRITICAL THAT THE HEAD BE AVAILABLE AND PRESENT AS MUCH AS POSSIBLE. THE SCHOOL OWNS A JEEP THAT IS RESERVED FOR USE BY THE HEAD OF SCHOOL. THE CURRENT HEAD OF SCHOOL ALSO OWNS AN AUTO THAT IS USED FOR PERSONAL USE. WHILE USING THE SCHOOL'S JEEP, THE HEAD OF SCHOOL IS AVAILABLE FOR SCHOOL BUSINESS VIA PHONE OR EMAIL. ANY USE OF THE SCHOOL'S JEEP WHILE THE HEAD OF SCHOOL IS NOT AVAILABLE IS TO BE REPORTED TO THE BUSINESS OFFICE. A MASSACHUSETTS STATE DEVELOPMENT FINANCE AGENCY 043438140 57583RE84 2006-10-12 6000000 TO ASSIST IN FINANCING THE NEW DORMITORY PROJECT 0 0 0 A 135000 6000000 187072 5812928 2008 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 1 1 MORGAN STANLEY 29.900000000000 0 0 0 NA 0 0 0 A 0 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASSACHUSETTS STATE DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/26/2013 ANTONIO VIVA HEAD OF SCHOOL OFFICER ALLOWS THE HEAD OF SCHOOL TO PUT A DOWN PAYMENT ON A HOUSE. X 90000 89992 0 1 1 89992 THE SCHOOL ISSUED A PERSONAL LOAN TO THE HEAD OF SCHOOL IN THE AMOUNT OF $90,000. THE WRITTEN AGREEMENT INCLUDES A STATED INTEREST RATE OF 6% WITH PAYMENT TERMS OVER 10 YEARS. THE LOAN WILL BE DUE IN FULL IN THE EVENT EMPLOYMENT BETWEEN THE HEAD OF SCHOOL AND THE SCHOOL IS TERMINATED FOR ANY REASON. THIS TRANSACTION WAS APPROVED BY THE BOARD OF TRUSTEES. THE HEAD OF SCHOOL IS STILL REQUIRED TO LIVE ON CAMPUS IN ACCORDANCE WITH HIS EMPLOYMENT AGREEMENT. X 8 86089 FMV AT DONATION DATE 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR "SECURITIES-PUBLICLY TRADED" REPRESENTS THE NUMBER OF INDIVIDUAL SECURITIES DONATED. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF NOT LESS THAN FIVE NOR MORE THAN TWELVE TRUSTEES, AND SHALL INCLUDE THE PRESIDENT, VICE PRESIDENT, TREASURER AND CLERK, ALL OF WHICH ARE MEMBERS OF THE GOVERNING BODY. THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE GOVERNING BODY EXCEPT FOR THE ELECTION OF TRUSTEES, ELECTION OF OFFICERS, SELECTION OF THE HEAD OF SCHOOL OR AMENDMENT OF THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 ALL MEMBERS OF THE GOVERNING BODY HAVE NOT RECEIVED A COPY OF THE 990 PRIOR TO ITS FILING. THE BOARD OF TRUSTEES HAS APPOINTED THE RESPONSIBILITY OF OBTAINING AND REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE HAS RECEIVED A COPY OF THE FORM 990, IN ITS ENTIRETY (WITH THE EXCEPTION OF SCHEDULE B), AND REVIEWED IT FOR COMPLETENESS AND ACCURACY, PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE STATEMENT THAT INDICATES THAT THEY HAVE READ, UNDERSTOOD AND AGREE TO THE SCHOOL'S CONFLICT OF INTEREST POLICY. FURTHER, THE TRUSTEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS (AS DEFINED IN THE POLICY) AND/OR NOTIFY THE HEAD OF SCHOOL IF ANY ADDITIONAL ISSUES ARISE THROUGHOUT THE YEAR. THE POLICY IS ENFORCED AND MONITORED BY THE HEAD OF SCHOOL AND/OR THE BOARD OF TRUSTEES. TRUSTEES WHO FAIL TO COMPLETE THE ANNUAL DISCLOSURE FORM ARE ASKED TO VERBALLY CONFIRM THE INFORMATION IN THE ANNUAL DISCLOSURE STATEMENT AND ALSO DISCUSS ANY POTENTIAL CONFLICTS AT THE NEXT BOARD MEETING. AT JUNE 30, 2013, THE POLICY APPLIED ONLY TO TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES WILL DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL AND OTHER OFFICERS USING THE FOLLOWING CRITERIA: 1. THE TRANSACTION IS APPROVED BY AN AUTHORIZED BODY OF THE ORGANIZATION, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST CONCERNING THE TRANSACTION. 2. PRIOR TO MAKING ITS DETERMINATION, THE AUTHORIZED BODY OBTAINED AND RELIED UPON APPROPRIATE DATA AS TO COMPARABILITY. 3. THE AUTHORIZED BODY ADEQUATELY DOCUMENTS THE BASIS FOR DETERMINATION CONCURRENTLY WITH MAKING THAT DETERMINATION. THE DOCUMENTATION WILL INCLUDE: -THE TERMS OF THE APPROVED TRANSACTION AND THE DATE APPROVED; -THE MEMBERS OF THE AUTHORIZED BODY WHO WERE PRESENT DURING DEBATE ON THE TRANSACTION THAT WAS APPROVED AND THOSE WHO VOTED ON IT; -THE COMPARABILITY DATA OBTAINED AND RELIED UPON BY THE AUTHORIZED BODY AND HOW THE DATA WAS OBTAINED; -ANY ACTIONS BY A MEMBER OF THE AUTHORIZED BODY HAVING A CONFLICT OF INTEREST; AND -DOCUMENTATION OF THE BASIS FOR THE DETERMINATION BEFORE THE LATER OF THE NEXT MEETING OF THE AUTHORIZED BODY OR 60 DAYS AFTER THE FINAL ACTIONS OF THE AUTHORIZED BODY ARE TAKEN AND APPROVAL OF RECORDS AS REASONABLE, ACCURATE AND COMPLETE WITHIN A REASONABLE TIME THEREAFTER. THIS POLICY WAS LAST UTILIZED IN THE SPRING OF 2013 TO DETERMINE THE HEAD OF SCHOOL'S FY14 SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: REALIZED AND UNREALIZED GAINS ON INTEREST RATE SWAP 652,954. LOSS ON FIXED ASSET DISPOSAL -35,181. UNREALIZED GAIN ON SPLIT INTEREST 44,325.