2012-03-06T10:43:31-06:00 2011-06-30 Capossela Cohen LLC 368 Center Street Southport CT 06890 990 2010-07-01 060646765 New Canaan Country School Inc NEWC 2039720771 PO Box 997 New Canaan CT 068400997 JOHN ZIAC 2039720771 2012-03-01 1 Nathaniel S Yordon CPA 2032547000 2012-03-01 2010 2016-02-24 21:20:13Z Timothy Bazemore PO Box 997 New Canaan CT 068400997 34292170 0 X www.countryschool.net X 1916 CT The mission of the New Canaan Country School is to guide students to reach their intellectual, creative, moral and physical potential. The organization values the imagination and curiosity of children and respects childhood as an integral part of life. The organization's teachers set high academic standards and challenge students to question, think, collaborate, and act with integrity. The school works in partnership with families to teach personal, social and environmental responsibility and to create a community that honors diversity and our common humanity. New Canaan Country School inspires students to be lifelong learners with the courage and confidence to make a positive contribution to the world. 24 21 283 500 -4811 -5348 4480918 4189258 15512383 16651677 1075430 3521019 79708 -34677 21148439 24327277 31000 23000 0 0 14319464 14944450 0 0 1244178 6935971 7348830 21286435 22316280 -137996 2010997 74454071 75459879 14702390 10990198 59751681 64469681 New Canaan Country School, Inc. is an elementary school grades Pre K-9 and is accredited by the Connecticut Association of Independent Schools. 0 0 16777107 16640442 Education expenses incurred for the primary education of 621 students. 1271850 23000 11235 Horizons Student Enrichment Program - full scholarship year-round program that provides academic instruction and recreation for 409 low income inner-city youths and adults. 18048957 1 1 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 151 0 1 283 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X John Ziac 2039720771 545 Ponus Ridge Road New Canaan CT 068400997 Timothy R Bazemore 70.00 X X 295582 0 158568 Linda C Marshall 10.00 X 0 0 0 John M Teitler 10.00 X 0 0 0 Stephen H Frank 10.00 X 0 0 0 Steven E Rogers 10.00 X 0 0 0 Morten Arntzen 5.00 X 0 0 0 Malanie J Blandon 5.00 X 0 0 0 Pablo E Calderini 5.00 X 0 0 0 Samuel A Caulfield 5.00 X 0 0 0 Janet K Defrino 5.00 X 0 0 0 Daniel J DiBiasio 5.00 X 0 0 0 Walter C Johnson 5.00 X 0 0 0 Matthew Pendo 5.00 X 0 0 0 Kara Ingraham Prawl 5.00 X 0 0 0 Heather B Raker 5.00 X 0 0 0 Ashraf R Rizvi 5.00 X 0 0 0 Robert L Rohn 5.00 X 0 0 0 Susan S Schulz 5.00 X 0 0 0 Judson Staniar 5.00 X 0 0 0 John W Stevens 5.00 X 0 0 0 Joseph P Toce Jr 5.00 X 0 0 0 Karen Wood 5.00 X 0 0 0 Caryn R Purcell 40.00 X 87099 0 21317 Maria A Sette 40.00 X 64739 0 15735 John Ziac 50.00 X 136781 0 76850 Anne L Carlson 50.00 X 122544 0 60576 Frances E Irvine 50.00 X 122568 0 48778 Kathleen Holz 40.00 X 104616 0 72513 Bruce Lemoine 40.00 X 80434 0 64621 Tim Delehaunty 40.00 X 123568 0 118818 Tom Giggi 40.00 X 130063 0 27495 1187560 0 600650 16 0 1 0 Dattco Inc 583 South Street New Britian CT 06051 Transportation 949402 Flick International PO Box 91337 Chicago IL 60693 Food Service 482184 Cebulski Construction Co 651 Lindley Street Bridgeport CT 06606 Construction Contractor 263511 Chartwells Dining Service PO Box 91337 Chicago IL 60693 Food Service 127037 J&A Mechanical Services 15 Hilltop Avenue Stamford CT 06907 HVAC Maintenance and Repair 117672 16 506790 494008 3188460 443852 4189258 Tuition & Fees 611710 15083033 15083033 Transportation 611710 640454 640454 Cafeteria 611710 516837 516837 Faculty Housing 611710 224321 224321 Miscellaneous 611710 187032 187032 16651677 538326 538326 12815450 9829426 3331 2986024 -3331 2982693 2982693 102270 506790 132136 -29866 -29866 UBTI - Pass-through En 523000 -4811 -4811 -4811 24327277 16651677 -4811 3491153 23000 23000 965604 526575 216222 222807 10836359 9215968 1151531 468860 711654 587780 103841 20033 1587667 1334440 124719 128508 843166 700341 95520 47305 4140 4140 69500 69500 188138 188138 366621 235375 120408 10838 326599 11498 115258 199843 277286 42072 179085 56129 188074 120031 41519 26524 817537 671942 137401 8194 3382 3382 156128 145695 10433 30288 30288 1621249 1391381 218068 11800 60105 39285 20340 480 Auxiliary Services 1777609 1777609 Instructional Support 701559 701559 Retiree Health Benefits 598485 494118 64892 39475 Bad Debts 116013 116013 Uncollectible Pledges/R 46117 46117 22316280 18048957 3023145 1244178 1234 1066 8647790 7188907 2170683 1105571 210754 226436 159541 198423 48492892 18374968 28452815 30117924 7154291 9904596 27536963 26596956 120000 120000 74454071 75459879 1481819 1527347 1878812 2154478 6690962 1378313 4650797 5930060 14702390 10990198 X 26264102 25864875 2051259 1036675 31436320 37568131 59751681 64469681 74454071 75459879 X 2010997 2707003 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31436320 199108 7400382 1279542 188137 37568131 28771145 322502 3782295 1338076 101546 31436320 36445512 417219 -6478360 1363090 250136 28771145 0.40000 0.60000 0 0 4550627 4550627 40812147 16343531 24468616 542880 434205 108675 2587238 1597232 990006 30117924 Common Fund Capital Partners 1999, L.P. 109718 F Common Fund Capital Partners 2000, L.P. 1018214 F Bluestem Partners, L.P. 2529285 F Endowment Venture Partners II, L.P. 9475 F Lone Pine Cascade, L.P. 2012765 F Forester Partners, L.P. 1467384 F Blackrock Private Capital Off-shore, L.P. 807191 F Common Fund Multi-Strategy Bond Fund 1933337 F Common Fund Multi-Strategy Equity Fund 16709338 F Common Fund Multi-Strategy Intermediate Term Fund 249 F 26596956 Accrued Post-retirement health care benefits 5930060 5930060 24327277 22316280 2010997 3556004 -849001 2707003 4718000 30983491 3556004 3288347 6844351 24139140 188137 188137 24327277 25416490 3288347 3288347 22128143 188137 188137 22316280 Part XI, Line 8 - Other Adjustments: Post Retiremement Health Benfit Adjustment (FASB 158) -849,001. Part XII, Line 2d - Other Adjustments: Interfund management fee 75,000. Fundraising expenses netted against revenue 132,136. Financial Aid 3,081,211. Part XIII, Line 2d - Other Adjustments: Interfund management fee 75,000. Fundraising expenses netted against revenue 132,136. Financial Aid 3,081,211. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The School annually places an advertisement in a major regional newspaper announcing its racially nondiscriminatory policy. This policy is also included on the School's website, and in all printed marketing materials and employee handbooks. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The School receives government assistance from the Town of New Canaan for transportation services in the amount of $311,220 as well as $102,788 for a nursing subsidy under Town Statute 10-217a. Horizons Spring Benefit 609060 509790 99270 132136 609060 509790 99270 132136 132136 -32866 1 College Scholarships 20 23000 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The New Canaan Country School grants need based academic College Scholarships to eligible students. The school monitors eligibility of the awards by requiring the students receiving the awards to submit reciepts for the funds disbursed, providing sufficient evidence the funds were utilized for "qualified education" expenses as determined by the Internal Revenue Code. Additionally, before additional awards are made, the students must submit college transcripts which are futher reviewed in order to confirm the academic merit which the scholarships are awarded upon. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 Timothy R Bazemore 295582 0 0 0 0 0 97364 0 61204 0 454150 0 451782 0 John Ziac 136781 0 0 0 0 0 62973 0 13877 0 213631 0 216222 0 Anne L Carlson 122544 0 0 0 0 0 38364 0 22212 0 183120 0 185620 0 Frances E Irvine 122568 0 0 0 0 0 31798 0 16980 0 171346 0 160430 0 Kathleen Holz 104616 0 0 0 0 0 26658 0 45855 0 177129 0 178629 0 Tim Delehaunty 123568 0 0 0 0 0 12360 0 106458 0 242386 0 198074 0 Tom Giggi 130063 0 0 0 0 0 12806 0 14689 0 157558 0 138325 0 Lisa Bazemore Employee 61700 Wages 0 Joshua Ziac Employee 98000 Wages 0 X 19 443852 Mean of High/Low 0 1 0 Form 990, Part VI, Section B, line 11 New Canaan Country School recognizes that the governance role of its Board of Trustees includes the annual review of the Form 990. Accordingly, the School requires review of the Form 990 by the Board of Trustees prior to its filing on an annual basis. 1. The School's external auditors, Capossela Cohen, LLC are responsible for the timely preparation of Form 990. To facilitate this process, the Accounting Department of the School shall provide accurate and timely information as it becomes requested by the audit firm. 2. The completed Form 990 will be provided to a committee of the Board of Trustees comprised of Board Officers and the Audit Committee sufficiently in advance of the filing deadline to enable a detailed and conscienctious review by all members of the committee. All questions and concerns of the members of the committee will be addressed by the Business Manager and Controller and incorporated into the Form 990 as deemed appropriate. A committee meeting of the committee members shall be scheduled if deemed appropriate. 3. All members of the Board of Trustees will be invited to review the completed Form 990, available in the Business Office, in advance of the filing dealine. All questions or concerns of the members of the Board of Trustees will be addressed by the Business Manager and Controller and incorporated into Form 990 as appropriate. 4. After all input from the Board of Trustees and sub-committees have been appropriately addressed, senior management of the School will file the final Form 990 as required. Form 990, Part VI, Section B, line 12c Officers, directors, key employees and trustees are required to disclose annually interests that could give rise to conflicts of interest. A complete list of vendors which the Organization carries on business with is furnished to these individuals. They are required to review the list and indicate if there is any personal, family or business relationship with such vendors. Form 990, Part VI, Section B, line 15 The Chief Financial Officer compiles comparative compensation information from Heads of School on a regional and national level. This information is considered by the Faculty Life Committe as well as the Executive Committe of the Board of Trustees who make all decisions on determining compensation. Minutes from these meetings are retained in writing and are kept confidential. Form 990, Part VI, Section C, line 19 The organization makes these items available to the public upon request. Annual Reports and other information regarding the organization's committees, management, annual giving campaigns, endowment funding, and scholarship assistance can be accessed from the School's website, Countryschool.net. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 3,556,004. Post Retiremement Health Benfit Adjustment (FASB 158) -849,001. Total to Form 990, Part XI, Line 5: 2,707,003. There have been no changes to the review and oversight process of the annual audited financial statements. Form 990, Part X Line 29: Permanently Restricted Assets The organization has included Board Designated segregations in permanently restricted assets. Board designated segregations absent specific donor restrictions should be reported as unrestricted support.