2012-11-13T09:12:32-06:00 2012-06-30 061119283 COHNREZNICK LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2011-07-01 237073970 THE RAY SCHOOL CORPORATION CO BANK OF AMERICA RAYS 8606577027 200 GLASTONBURY BLVD 2ND FLOOR GLASTONBURY CT 06033 PATRICK STAFFARONI 8606577027 2012-11-12 1 FRANK SAMBOR P00073659 8606333000 2011 2016-02-24 21:20:13Z PATRICK STAFFARONI 200 GLASTONBURY BLVD 2ND FLOOR GLASTONBURY CT 06033 1003006 0 X N/A X 1941 CT SUPPORT OF EDUCATIONAL PROGRAMS IN THE TOWN OF EAST HADDAM 9 9 0 0 0 0 263668 263668 0 0 181227 106269 0 0 444895 369937 325536 309996 0 0 0 0 0 0 0 20453 21145 345989 331141 98906 38796 8760394 8356484 0 0 8760394 8356484 TO FUND THE VOCATIONAL PROGRAMS AT NATHAN-HALE RAY HIGH SCHOOL. 0 0 309996 263668 THE CORPORATION SUPPORTS AN EDUCATIONAL INSTITUTION OFFERING COURSES OF INSTRUCTION SIMILAR TO THOSE OF HIGH SCHOOL GRADE IN WHICH VOCATIONAL INSTRUCTION IS EMPHASIZED. 309996 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 X PATRICK STAFFARONI CO BNK OF AMERI 8609527380 777 MAIN STREET HARTFORD CT 06115 X PETER DEAN 1.00 X 0 0 0 LISA BERUBE 1.00 X 0 0 0 LISA DOMOROD 1.00 X 0 0 0 JIM CURTIN 1.00 X 0 0 0 SIOBHAN MORAN 1.00 X 0 0 0 PETER WESTON 1.00 X 0 0 0 RICHARD PARKER 1.00 X 0 0 0 PATRICK STAFFARONI 1.00 X 0 0 0 KATHLEEN MICHALSKI 1.00 X 0 0 0 0 0 0 0 0 0 0 0 263668 263668 34200 34200 705138 633069 72069 72069 72069 369937 0 0 106269 309996 309996 19461 19461 1684 1684 331141 309996 21145 0 1531146 1530561 7229248 6825923 8760394 8356484 0 0 X 1531937 1531295 7228457 6825189 8760394 8356484 8760394 8356484 X 38796 -442706 X X 0 1 1 X 0 X X X 0 0 0 TOWN OF EAST HADDAM BOARD OF EDUCATION 066001607 6 1 1 1 309996 1 309996 8760394 -33331 309996 21145 8395922 7623736 1482647 325536 20453 8760394 7110255 865144 333492 18171 7623736 8979907 1481525 350988 37139 7110255 1.00000 1 0 0 INTEREST RECEIVABLE 734 BENEFICIAL INTEREST IN ASSETS HELD IN TRUST AGREEMENT 6825189 6825923 369937 331141 38796 -39438 -403268 -442706 -403910 -72769 -39438 -403268 -442706 369937 0 369937 331141 0 331141 0 331141 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CORPORATION HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2012 AND 2011. THE CORPORATIONS U.S. FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2009 ARE CLOSED AND THE CORPORATION'S TRUSTEES CONTINUALLY EVALUATE EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE CORPORATION HAS 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. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET CHANGE IN BENEFICIAL INTEREST IN TRUST -403,268. THE AMOUNT PRESENT ON SCH. D, PART XI, LINE 8, AND PART XII, LINE 2D REPRESENTS THE NET CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD FOR TRUST AGREEMENT PART V, LINE 4: TO SUPPORT THE EDUCATIONAL PROGRAMS IN THE TOWN OF EAST HADDAM. 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 DURING SOLICITATION PERIODS, NONDISCRIMINATORY POLICIES ARE NOTED IN ADVERTISEMENTS AND SOLICITATION LETTERS. 1 TOWN OF EAST HADDAM BOARD OF ED 15 SCHOOL DR MOODUS CT 06469 066001607 501(C)(1) 309996 TO REIMBURSE THE BOARD OF EDUCATION TOWN OF EAST HADDAM FORVOCATIONAL EXPENSES AND CAPITAL PURCHASES PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ANNUAL BUDGETS ARE APPROVED BY THE BOARD OF DIRECTORS AND EXPENDITURES ARE MONITORED COMPARING ACTUAL EXPENSES TO BUDGETED EXPENSES. FORM 990, PART VI, SECTION A, LINE 8B OTHER COMMITTEE'S MAY ATTEND MEETINGS HELD(BOARD OF EDUCATION, SUPERINTENDENT OF SCHOOLS), HOWEVER THEY DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT 990 IS REVIEWED AND APPROVED BY THE BOARD TREASURER AND MADE AVAILABLE TO ALL BOARD MEMBERS THROUGH EMAIL FOR THEIR QUESTIONS OR COMMENTS. THE TAX RETURN IS THEN FINALIZED AND FILED WITHIN 15 DAYS. FORM 990, PART VI, SECTION B, LINE 12C THE CORPORATION PROVIDES GRANTS ONLY TO THE TOWN OF EAST HADDAM, BOARD OF EDUCATION AS DESCRIBED IN THE CORPORATIONS BY LAWS, THEREFORE, A CONFLICT OF INTEREST POLICY IS NOT REQUIRED. FORM 990, PART VI, SECTION C, LINE 19 THE RAY SCHOOL CORPORATION'S 990 IS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -39,438. NET CHANGE IN BENEFICIAL INTEREST IN TRUST -403,268. TOTAL TO FORM 990, PART XI, LINE 5: -442,706. FORM 990 PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.