2012-05-14T15:13:21-05:00 2011-06-30 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2010-07-01 060733693 GREENS FARMS ACADEMY INC GREE 2032567543 35 BEACHSIDE AVENUE PO BOX 998 GREENS FARMS CT 068380998 RUSSELL FRIEDSON 2032567543 2012-05-14 1 ELIZABETH SOLECKI 8605614000 2010 2016-02-24 21:20:13Z RUSSELL FRIEDSON 35 BEACHSIDE AVENUE GREENS FARMS CT 06838 41337038 0 X WWW.GFACADEMY.ORG X 1925 CT TO EDUCATE STUDENTS TO BECOME CRITICAL, INDEPENDENT THINKERS AND ENCOURAGE THEIR PASSIONS THAT WILL SUSTAIN THEM TO BECOME LIFE-LONG LEARNERS. WE TEACH RESPECT FOR DIFFERENCES AND ENCOURAGE COMMUNITY SERVICE. 24 23 333 865 0 0 4254090 4707523 21200805 22018951 688586 818762 88964 68543 26232445 27613779 2193170 2255378 0 0 12700927 13311378 0 0 1139892 7510429 8082979 22404526 23649735 3827919 3964044 88080083 96985033 23179478 23867477 64900605 73117556 TO EDUCATE STUDENTS TO BECOME CRITICAL, INDEPENDENT THINKERS AND ENCOURAGE THEIR PASSIONS THAT WILL SUSTAIN THEM TO BECOME LIFE-LONG LEARNERS. WE TEACH RESPECT FOR DIFFERENCES AND ENCOURAGE COMMUNITY SERVICE. 0 0 20457560 2255378 21830183 EDUCATING STUDENTS IN GRADES K THROUGH TWELVE IN ACADEMICS, ATHLETICS, AND THE ARTS. 523729 4945 HORIZONS AT GFA - AN ACADEMIC ENRICHMENT PROGRAM FOR UNDERSERVED YOUTH FROM NEARBY BRIDGEPORT. INTERACTIVE SUMMER PROGRAM FOR SIX WEEKS, AND THEN ELEVEN SATURDAY MORNINGS IN THE SPRING AND FALL. 207531 183823 SUMMER PROGRAMS - OFFERED AS A COMBINATION OF ACADEMIC COURSE AND SUMMER ENRICHMENT PROGRAMS INCLUDING A TRADITIONAL DAY CAMP. 21188820 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 96 0 1 333 1 0 0 0 0 0 1 1 0 0 0 0 X 24 23 1 1 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 X RUSSELL FRIEDSON GREENS FARMS ACADEMY INC 2032567543 35 BEACHSIDE AVENUE GREENS FARMS CT 06838 JILL BIRINYI 2.00 X X 0 0 0 STEPHEN LAWRENCE 2.00 X X 0 0 0 ROGER TARIKA 2.00 X X 0 0 0 KARA BOHNSACK 2.00 X X 0 0 0 MOIRA HINTSA 2.00 X X 0 0 0 MICHAEL BERMAN 2.00 X 0 0 0 ROBERTA CONROY 2.00 X 0 0 0 VINCENT D'AGOSTINO 2.00 X 0 0 0 ROGER FERRIS 2.00 X 0 0 0 SHELLEY GOLDSMITH 2.00 X 0 0 0 LORI HASHIZUME 2.00 X 0 0 0 TERRY HOGAN 2.00 X 0 0 0 RICK HOLZINGER 2.00 X 0 0 0 BRIAN LIZOTTE 2.00 X 0 0 0 MARTHA LORD 2.00 X 0 0 0 SARA JUDGE MCCALPIN 2.00 X 0 0 0 MOLLY MCGRATH 2.00 X 0 0 0 DAVID MCKANE 2.00 X 0 0 0 DAVID MURPHY 2.00 X 0 0 0 AMER NIMR 2.00 X 0 0 0 JEFF NIXON 2.00 X 0 0 0 TRICIA VANACORE 2.00 X 0 0 0 SHERRON VELEZ 2.00 X 0 0 0 JANET HARTWELL 40.00 X 286208 0 94728 RUSSELL FRIEDSON 40.00 X 138685 0 77468 CONSTANCE SHAPIRO 40.00 X 123919 0 26968 JOHN ELMORE 40.00 X 121621 0 46534 KAREN CAWTHORN 40.00 X 116156 0 45556 LYNNE LAUKHUF 40.00 X 114210 0 12006 PATIENCE FANELLA 40.00 X 105870 0 14673 1006669 0 317933 10 0 1 0 PLAZA DESIGN LLC 1771 POST ROAD EAST 203 WESTPORT CT 06880 DESIGN/PHOTOGRAPHY & PRINTING 139467 DAVID KEITH 111 RYEGATE ROAD FAIRFIELD CT 06824 FACILITIES PAINTING 107248 2 559877 4147646 347290 4707523 TUITION & FEES 611110 21383625 21383625 TRANSPORTATION FEES 480000 237917 237917 STUDENT ACTIVITIES 611710 184486 184486 SUMMER SCHOOL TUITION 611110 183823 183823 YEARBOOK SALES 611710 29100 29100 22018951 700124 700124 68580 40646 27934 27934 27934 13531449 13412811 118638 118638 118638 308805 559877 269802 39003 39003 OTHER INCOME 900099 1606 1606 1606 27613779 22018951 0 887305 5990 5990 2249388 2249388 424893 424893 9622073 8594866 372943 654264 732234 648910 45517 37807 1739951 1541953 108159 89839 792227 677726 62911 51590 27279 27279 61844 61844 255684 136479 58446 60759 181872 15278 166594 678786 651495 9277 18014 260561 260561 2313432 2252424 49262 11746 255068 255068 65231 35244 1708 28279 1606749 1574614 32135 95948 94029 1919 STUDENT ACTIVITIES 588628 588628 HORIZONS PROGRAM 523729 523729 DINING ROOM 504760 504760 ATHLETIC 372917 372917 FEES 85590 77031 8559 204901 127730 56171 21000 23649735 21188820 1321023 1139892 88911 124385 14354576 17342522 2544931 2303915 23636 8334 311134 881539 56830296 12116628 43596024 44713668 22546486 28223722 4614385 3386948 88080083 96985033 4694945 4764989 7878420 8813004 10606113 10289484 23179478 23867477 X 57561553 65103552 4037842 4655518 3301210 3358486 64900605 73117556 88080083 96985033 X 3964044 4252907 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25346206 3588549 4543125 3260249 30217631 23239432 3523390 3177581 4594197 25346206 26371419 1901005 -4817809 -215183 23239432 0.85810 0.09180 0.05010 0 0 3047131 3047131 47847831 11179148 36668683 1533620 840059 693561 4401714 97421 4304293 44713668 27613779 23649735 3964044 4020676 232231 4252907 8216951 29848250 4020676 4400 -2101053 1924023 27924227 -310448 -310448 27613779 21631299 4400 78215 82615 21548684 2101051 2101051 23649735 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE SUPPORT FOR GREENS FARMS ACADEMY AND ITS MISSION OVER THE LONG TERM. PART XI, LINE 8 - OTHER ADJUSTMENTS: ROUNDING -2. UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 232,233. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -2,101,053. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -269,802. RENTAL EXPENSES -40,646. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 269,802. RENTAL EXPENSES 40,646. UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT -232,233. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,101,053. ROUNDING -2. 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 THE SCHOOL ADVERTISES THROUGH ITS BROCHURE WHICH INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY. THE SCHOOL ALSO ADVERTISES ITS RACIALLY NONDISCRIMINATORY POLICY IN THE NEW YORK TIMES EACH YEAR. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3386948 0 0 0 0 0 0 3386948 0 3386948 0 0 0 1 0 0 GALA AUCTION 547250 413263 133987 23521 50455 11575 48436 HORIZONS GOLF 153490 104967 48523 2512 23316 13146 4168 5381 2 68988 41647 27341 9603 9979 769728 559877 209851 2512 46837 73204 15743 63796 202092 7759 1 PARTNERS IN HEALTH 888 COMMONWEALTH AVE 3RD FL BOSTON MA 02115 043567502 501(C)(3) 5990 CHARITABLE DONATION 1 FINANCIAL AID 100 2218788 FMV FINANCIAL AID IS PROVIDED THROUGH TUITION REDUCTION. OTHER ASSISTANCE INCLUDES BOOKS, TRANSPORTATION, REQUIRED TRIPS, REQUIRED ATHLETIC UNIFORMS, MOUTHGUARDS & FEES, COLLEGE GUIDANCE FEES, USE OF LAPTOPS, YEARBOOKS, PROMS, CLASS PHOTOS (LOWER SCHOOL) & TUITION MANAGEMENT SYSTEMS PAYMENT PLAN PROCESSING FEE. SCHOLARSHIPS 2 30600 FMV SCHOLARSHIPS ARE PROVIDED THROUGH TUITION REDUCTION. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JANET HARTWELL 286208 0 0 0 0 0 18375 0 76353 0 380936 0 0 0 RUSSELL FRIEDSON 138685 0 0 0 0 0 11316 0 66152 0 216153 0 0 0 CONSTANCE SHAPIRO 123919 0 0 0 0 0 9423 0 17545 0 150887 0 0 0 JOHN ELMORE 121621 0 0 0 0 0 9750 0 36784 0 168155 0 0 0 KAREN CAWTHORN 116156 0 0 0 0 0 9758 0 35798 0 161712 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS PROVIDED WITH A RESIDENCE FOR PERSONAL AND BUSINESS USE. THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS, AND HOSTS EVENTS OPEN TO FACULTY, STUDENTS, AND CONSTITUENTS ON AVERAGE ONCE A WEEK. VARIOUS 72484 MATTHEW HINTSA FAMILY MEMBER OF MOIRA HINTSA, TRUSTEE 36979 EMPLOYMENT 0 X 39 330140 MARKET VALUE X VARIOUS GOODS 3 17150 DONOR APPRAISAL 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE SCHOOL USES AN INDEPENDENT BROKER TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 SOME TRUSTEES HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER. FORM 990, PART VI, SECTION A, LINE 3 THE ACADEMY DELEGATES CONTROL OVER MANAGEMENT DUTIES IN REGARDS TO ITS OUTSOURCED FOOD SERVICE, ALTHOUGH THIS DOES NOT RELATE TO ITS CORE BUSINESS OF EDUCATION. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 GFA'S FORM 990 FILING AND DISTRIBUTION POLICY: 1. THE BUSINESS OFFICE WILL GATHER THE INFORMATION REQUESTED BY THE SCHOOL'S AUDITORS NEEDED TO COMPLETE THE FORM. INFORMATION WILL BE GATHERED AND/OR CONFIRMED FROM ALL RELEVANT AREAS OF THE SCHOOL, INCLUDING: BUSINESS OFFICE, ADMISSIONS, FINANCIAL AID, DEVELOPMENT, AND PROGRAM. 2. THE INITIAL DRAFT OF THE FORM WILL BE PREPARED BY THE SCHOOL'S AUDITORS. 3. THE CFO/COO AND CONTROLLER WILL REVIEW THE DRAFT FORM AND HAVE ANY INITIAL CORRECTIONS/CHANGES MADE. 4. AFTER INITIAL CORRECTIONS, IF ANY, A PROPOSED FINAL DRAFT WILL BE REVIEWED BY THE TREASURER, HEAD OF SCHOOL, CFO, AND CONTROLLER. ONCE APPROVED AS IS (OR WITH CORRECTIONS) THE FORM WILL BE FILED WITH THE IRS. THIS REVIEW WILL INCLUDE ALL SCHEDULES, INCLUDING SCHEDULE B - SCHEDULE OF CONTRIBUTORS. 5. AFTER FILING, A COPY OF THE FORM, EXCLUDING THE NAMES AND ADDRESSES OF CONTRIBUTORS, WILL BE DISTRIBUTED TO THE EXECUTIVE COMMITTEE. 6. THE SCHOOL WILL MAKE A COPY OF THE FORM, EXCLUDING THE NAMES AND ADDRESSES OF CONTRIBUTORS, AVAILABLE TO ALL OTHERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH TRUSTEE, OFFICER, AND MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE GOVERNING BOARD SHALL SIGN A STATEMENT THAT AFFIRMS: THEY HAVE RECEIVED A COPY OF THE COI POLICY, HAVE READ AND UNDERSTOOD THE POLICY, HAVE AGREED TO COMPLY WITH THE POLICY, AND UNDERSTAND THAT THE SCHOOL IS CHARITABLE, AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PERIODIC REVIEWS ARE COMPLETED TO DETERMINE, AT A MINIMUM: WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING, AND WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE SCHOOL'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES, AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT, OR AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY THE EXECUTIVE COMMITTEE USING COMPARABLE COMPENSATION DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE BOARD APPROVES AGGREGATE INCREASES. THE HEAD OF SCHOOL IS PROVIDED COMPARABLE DATA. THE HEAD OF SCHOOL REVIEWS DATA AND MAKES A DETERMINATION FOR ALL COMPENSATION OTHER THAN HER OWN, WITHIN OVERALL COMPENSATION PARAMETERS SET BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY MAKES THE FORM 990 AVAILABLE UPON REQUEST AT THE ACADEMY'S PLACE OF BUSINESS. THE ACADEMY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 4,020,676. ROUNDING -2. UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 232,233. TOTAL TO FORM 990, PART XI, LINE 5: 4,252,907.