2012-11-14T15:44:58-06:00 2012-06-30 060530830 SEWARD AND MONDE CPA'S 296 STATE STREET NORTH HAVEN CT 064732165 990 2011-07-01 061492527 RIDGEFIELD ACADEMY INC RIDG 2038941800 223 WEST MOUNTAIN ROAD RIDGEFIELD CT 06877 JAMES P HEUS 2038941800 2012-11-12 THOMAS F LYDEN P01215353 2032489341 2011 2016-02-24 21:20:13Z JAMES P HEUS 223 WEST MOUNTAIN ROAD RIDGEFIELD CT 06877 16421741 0 X WWW.RIDGEFIELDACADEMY.ORG X 1975 CT TO PROVIDE EDUCATIONAL AND OTHER STUDENT PROGRAMS TO CHILDREN. 21 21 203 0 0 0 1377650 537944 12099924 12907046 412792 160691 300249 257115 14190615 13862796 545802 640209 626201 699837 7273873 8018202 0 0 325226 4061615 4030377 12507491 13388625 1683124 474171 32501776 32782252 21192699 22157539 11309077 10624713 X THE MISSION OF RIDGEFIELD ACADEMY IS TO EDUCATE AND ENCOURAGE STUDENTS TO BECOME KNOWLEDGEABLE, INDEPENDENT THINKERS WHO ARE PASSIONATE ABOUT LEARNING AND EMBRACE NEW CHALLENGES WITH CONFIDENCE AND ENTHUSIASM. THE SCHOOL STRIVES TO EQUIP CHILDREN WITH THE SKILLS, KNOWLEDGE, AND VALUES NECESSARY FOR SUCCESS IN SCHOOL AND IN LIFE. 0 0 11505075 640209 12045207 INSTRUCTION OF APPROXIMATELY 693 PRE-SCHOOL AND ELEMENTARY SCHOOL AGED CHILDREN BY APPROXIMATELY 109 QUALIFIED INSTRUCTORS 103432 191458 CONDUCTING SUMMER CAMP PROGRAMS 29456 302838 CONDUCTING AN AFTER SCHOOL PROGRAM FOR STUDENTS 417957 366900 AUXILIARY SERVICES 417957 366900 12055920 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 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 0 1 21 0 1 203 1 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 X MR LARRY MCDOWELL 2038941800 223 WEST MOUNTAIN ROAD RIDGEFIELD CT 06877 TIMOTHY BIRCH 8.00 X X 0 0 0 BARBARA FURLO 4.00 X 0 0 0 AL BARTOSIC 7.00 X 0 0 0 JILL BORNSTEIN 10.00 X X 0 0 0 JANE DAVIS-BUNT 4.00 X 0 0 0 MATT DUFFY 4.00 X 0 0 0 HOWARD TURNER 4.00 X 0 0 0 CARLETON HENRICH 4.00 X 0 0 0 TOM MARTIN 4.00 X 0 0 0 VALERIE JENSEN 6.00 X 0 0 0 THOMAS MAIN 2.00 X 0 0 0 JANE NIELSEN 2.00 X 0 0 0 DOMINIC RISPOLI 8.00 X X 0 0 0 SCOTT LINKE 9.00 X 0 0 0 JOHN BERISFORD 4.00 X 0 0 0 MARK BAKER 4.00 X 0 0 0 DR PAUL CHU 3.00 X X 0 0 0 GERALD GARAVEL 6.00 X 0 0 0 CHRISTINE CHURCHILL 4.00 X 0 0 0 ERIC HEATON 4.00 X 0 0 0 KRISTINA LARSON 4.00 X 0 0 0 JAMES P HEUS 50.00 X 238205 0 130771 LARRY MCDOWELL 50.00 X 144634 0 18888 JOSEPH PERRY JR 50.00 X 106162 0 8619 TARA SIMEONIDIS 50.00 X 102263 0 8094 591264 0 166372 4 0 1 0 PUSTOLA & ASSOCIATES 185 MEADOW STREET NAUGATUCK CT 06770 CONSTRUCTION 435609 SYSCO CONNECTICUT LLC PO BOX 4003 ROCKY HILL CT 06067 FOOD SERVICE 144079 2 537944 54031 537944 TUITION AND FEES 900099 12045207 12045207 AUXILIARY SERVICES 722210 366900 366900 OTHER PROGRAMS 611710 302838 302838 SUMMER PROGRAMS 900099 191458 191458 MISCELLANEOUS REVENUES 900099 643 643 12907046 202744 202744 13350 0 13350 13350 13350 2399568 2441621 -42053 -42053 -42053 361089 117324 243765 243765 13862796 12907046 0 417806 640209 640209 699837 699837 550443 304617 206249 39577 6118944 5606186 326511 186247 207920 191659 10752 5509 577938 560862 11675 5401 562957 498743 48130 16084 37727 37727 163044 163044 1200025 1092552 67506 39967 88253 88253 719970 635423 84547 139538 139538 620060 558054 62006 900322 765274 135048 MISCELLANEOUS 75501 20315 22745 32441 PROFESSIONAL FEES 32310 32310 BAD DEBTS 29785 29785 MEALS & ENTERTAINMENT 23842 23842 13388625 12055920 1007479 325226 455609 422564 11992908 11908821 797043 229041 154325 32037 19750 93595 314503 20207628 6074373 13411756 14133255 4804923 5166487 791617 555794 32501776 32782252 925153 1104895 7733227 7523153 11025000 10760000 24126 24210 1485193 2745281 21192699 22157539 X 9737469 9382562 961898 292747 609710 949404 11309077 10624713 32501776 32782252 X 474171 -1158535 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 608512 339694 1059 949265 250155 351610 6747 608512 41795 204100 4324 64 250155 51418 2000 -10046 1577 41795 1.00000 0 0 2000000 2000000 16433475 4868427 11565048 1403177 922327 480850 370976 283619 87357 14133255 INTEREST RATE SWAP 2745281 2745281 13862796 13388625 474171 101553 -1260088 -1158535 -684364 13403737 101553 117324 218877 13184860 37727 640209 677936 13862796 12828013 117324 117324 12710689 37727 640209 677936 13388625 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: FURTHERANCE OF THE ORGANIZATION'S EXEMPT PURPOSE AND DONOR STIPULATIONS. PART XI, LINE 8 - OTHER ADJUSTMENTS: INTEREST RATE SWAP HEDGE ADJUSTMENT -1,260,088. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT - AUCTION 117,324. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS 640,209. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT - AUCTION 117,324. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS 640,209. 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 NOTED IN GENERAL PUBLICATIONS AND ADVERTISEMENTS AUCTION 361089 361089 117324 361089 361089 117324 117324 243765 1 FINANCIAL AID TO STUDENTS 47 640209 FAIR MARKET VALUE REDUCTION OF TUITION COST CHARGED TO STUDENT PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION MAINTAINS A LISTING OF ALL SCHOLARSHIP RECIPIENTS AND AMOUNTS AWARDED TO EACH STUDENT. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 JAMES P HEUS 238205 0 0 0 0 0 60000 0 70771 0 368976 0 0 0 LARRY MCDOWELL 144634 0 0 0 0 0 11868 0 7020 0 163522 0 0 0 PART I, LINE 1A ON-CAMPUS HOUSING IS PROVIDED TO THE HEAD OF SCHOOL. PART I, LINE 4B PART I, LINE 4B: JAMES P. HEUS $45,000 THE ABOVE AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN C. STATE OF CT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2077AL2Z7 2005-06-01 12000000 TO PURCHASE APPROXIMATELY 42 ACRE RIDGEFIELD CAMPUS 0 0 0 12000000 250000 11750000 2006 0 0 0 0 0 0 0 0 0 0 1 1 MORGAN STANLEY 20.000000000000 0 0 0 0 0 JAMES P HEUS SALARY ADVANCE X 25000 19750 0 1 0 19750 X 5 54031 FAIR MARKET VALUE 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): 5 IS THE NUMBER OF ACTUAL CONTRIBUTIONS MADE. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE UPDATED IN 2012 TO ENACT VARIOUS CHANGES INCLUDING THE MINIMUM AND MAXIMUM NUMBER OF ALLOWABLE TRUSTEES, AND BOARD MEMBER VOTING POWERS. THERE WERE ALSO CHANGES TO THE COMMITTEES OF THE BOARD, AND THE BOARD'S ABILITY TO CREATE TASK FORCES AND COMMITTEES. IN ADDITION THERE WAS CLARIFICATION OF PREVIOUSLY APPROVED BOARD POLICIES. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY OTHER COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 IN ACCORDANCE WITH A BOARD RESOLUTION, THE TREASURER REVIEWS AND APPROVES THE FORM 990 PRIOR TO THE FILING OF THE RETURN. IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS PROVIDED TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, ALL BOARD MEMBERS AND TOP MANAGEMENT OFFICIALS ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST POLICY. ALL POTENTIAL ISSUES ARE REVIEWED AND RESOLVED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES PERFORMS AN EVALUATION OF THE HEAD OF SCHOOL EACH YEAR. THE COMPENSATION COMMITTEE REVIEWS THE RESULTS OF THE EVALUATION AND MAKES RECOMMENDATIONS FOR COMPENSATION, WHICH ARE VOTED UPON BY THE BOARD AT THE JUNE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE PHOTOCOPIED AND MAILED TO INDIVIDUALS OR ORGANIZATIONS UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 101,553. INTEREST RATE SWAP HEDGE ADJUSTMENT -1,260,088. TOTAL TO FORM 990, PART XI, LINE 5: -1,158,535.