2012-03-30T14:56:53-05:00 2011-06-30 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2010-07-01 221500475 BLAIR ACADEMY BLAI 9083626121 PO BOX 600 BLAIRSTOWN NJ 07825 JAMES FRICK 9083626121 2012-03-30 1 STEVEN W HIPP CPA 2159798800 2012-03-30 2010 2016-02-24 21:20:13Z T CHANDLER HARDWICK PO BOX 600 BLAIRSTOWN NJ 07825 34280770 0 X WWW.BLAIR.EDU X 1848 NJ BLAIR ACADEMY SEEKS TO ENROLL TALENTED YOUNG MEN AND WOMEN FROM DIVERSE BACKGROUNDS. IN A RESIDENTIAL SETTING, BLAIR ACADEMY IS COMMITTED TO PROVIDE A LIBERAL ARTS EDUCATION AND TO PROMOTE THE DEVELOPMENT OF PERSONAL AND INTELLECTUAL DISCIPLINE AS PREPARATION FOR CONTINUED STUDY AT SELECTIVE COLLEGES AND FOR A LIFE OF RESPONSIBLILTY AND SERVICE. 37 36 240 0 623990 -144522 5877854 4949824 19305680 20277992 1474368 2949124 576131 724157 27234033 28901097 3588502 3906353 0 0 10722404 11034151 0 0 1786852 10068005 11027752 24378911 25968256 2855122 2932841 127857318 140072280 28450088 27978206 99407230 112094074 X BLAIR ACADEMY IS A COEDUCATIONAL BOARDING SCHOOL LOCATED 65 MILES WEST OF NEW YORK CITY IN THE FOOTHILLS OF THE POCONO MOUNTAINS. IN ITS 163RD YEAR, BLAIR CONTINUES TO OFFER A SUPERIOR ACADEMIC COLLEGE-PREPARATORY PROGRAM WHILE HOLDING FIRMLY TO ITS TRADITION OF BEING A COMMUNITY FULLY FOCUSED ON THE DEVELOPMENT OF EACH INDIVIDUAL STUDENT. IN THIS ENVIRONMENT, STUDENTS LEARN TO ADVOCATE FOR THEMSELVES, BECOME SERVICE-MINDED, AND DEVELOP THE LEADERSHIP SKILLS NECESSARY FOR SUCCESS IN COLLEGE AND BEYOND. 0 0 22380245 3906353 20227992 PRIVATE CO-EDUCATIONAL BOARDING SECONDARY SCHOOL 22380245 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 47 0 1 240 1 1 1 0 0 0 0 0 0 0 0 0 X 37 36 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X JAMES A FRICK 9083626121 BLAIR ACADEMY BLAIRSTOWN NJ 07825 JAMES P JENKINS 5.00 X X 0 0 0 WM MITCHELL JENNINGS JR 5.00 X X 0 0 0 ANNE E CRAMER 5.00 X X 0 0 0 JOHN E ALDEN JR 5.00 X 0 0 0 JOHN C BOGLE 5.00 X 0 0 0 JAMES H CHESTNUTT 5.00 X 0 0 0 KEVIN L CLAYTON 5.00 X 0 0 0 JAYMEL E CONNOR 5.00 X 0 0 0 WAYNE P CROWDER 5.00 X 0 0 0 ANTHONY F DADDINO 5.00 X 0 0 0 CRAIG U DANA 5.00 X 0 0 0 ROBERT C DUGHI 5.00 X 0 0 0 JORDAN M EHMANN 5.00 X 0 0 0 CLEMENT A FUREY 5.00 X 0 0 0 AISHA D GAYLE 5.00 X 0 0 0 RICHARD R GRABER 5.00 X 0 0 0 MADISON GROSE 5.00 X 0 0 0 REV DAVID G HARVEY 5.00 X 0 0 0 DR J BROOKS HOFFMAN 5.00 X 0 0 0 DAVID C HULL JR 5.00 X 0 0 0 HYUN SEOK HWANG 5.00 X 0 0 0 REV SHERRY KARASIK 5.00 X 0 0 0 CAROL R KIMMELMAN 5.00 X 0 0 0 DOUGLAS W KIMMELMAN 5.00 X 0 0 0 JOEL A KOBERT 5.00 X 0 0 0 JAMES D KRUGMAN 5.00 X 0 0 0 JOHN H LEWIS JR 5.00 X 0 0 0 MARIANNE LIEBERMAN 5.00 X 0 0 0 G DAVID MACEWEN 5.00 X 0 0 0 STACEY W MCCONNELL 5.00 X 0 0 0 DONALD H MCCREE JR 5.00 X 0 0 0 MARK D MOON 5.00 X 0 0 0 ROBERT A NEFF 5.00 X 0 0 0 KEITH RAUSCHENBACH 5.00 X 0 0 0 DOMINICK V ROMANO 5.00 X 0 0 0 MICHAEL S RULLE 5.00 X 0 0 0 ERIK O RYD 5.00 X 0 0 0 W JEFFREY SEUBEL 5.00 X 0 0 0 HERBERT J SIEGEL 5.00 X 0 0 0 ROBERT G SIGETY 5.00 X 0 0 0 ALEXANDER J SLOANE 5.00 X 0 0 0 GEORGE T STERN 5.00 X 0 0 0 WILLIAM R TIMKEN 5.00 X 0 0 0 HOBART D VAN DEUSEN 5.00 X 0 0 0 DAVID D WAKEFIELD 5.00 X 0 0 0 AMELIA C WOLFE 5.00 X 0 0 0 REV RICHARD E WRIGHT 5.00 X 0 0 0 JAMES YOUNGELSON 5.00 X 0 0 0 S ARNOLD ZIMMERMAN 5.00 X 0 0 0 T CHANDLER HARDWICK 40.00 X 283892 0 60402 JAMES A FRICK 40.00 X 185807 0 77782 SELDEN D BACON JR 40.00 X 107254 0 56636 DAVID T LOW 40.00 X 169059 0 36331 746012 0 231151 4 0 1 0 VAN WINGERDEN ASSOCIATES 47 AUGUSTA HILL ROAD AUGUSTA NJ 07822 CONSTRUCTION-CAMPUS INTERIOR 914827 AMERADA HESS 1 HESS PLAZA WOODBRIDGE NJ 07095 HEATING OIL - UTILITIES 450821 FIRST ENERGY 76 SOUTH MAIN STREET AKRON OH 44308 ELECTRIC-UTILITIES 300033 WIRE'S ELECTRIC 107 W VALLEY VIEW AVENUE HACKETTSTOWN NJ 07840 ELECTRIC-CONSTRUCTION UPGRADE 250365 JERSEY CENTRAL POWER & LIGHT 300 MADISON AVENUE MORRISTOWN NJ 07962 ELECTRIC-UTILITIES 247335 5 4949824 450938 4949824 TUITION/FEES 611600 19696848 19696848 SUPPORT SERVICES 611710 581144 581144 20277992 1503226 1503226 26224 26224 26224 26224 6825571 5379673 1445898 1445898 1445898 SUMMER PROGRAMS 611710 549624 549624 MISCELLANEOUS 900099 100167 100167 GOLF & TENNIS 713910 48142 48142 697933 28901097 20378159 623990 2949124 3906353 3906353 677057 677057 7123863 5946517 478609 698737 499989 455814 44175 2169972 1749022 249583 171367 563270 439574 72044 51652 72704 72704 49975 49975 3906666 3305795 78643 522228 2176782 2176782 99023 56356 42667 819531 819531 2004966 2004966 206702 206702 CUSTODIAL SERVICES 721915 721915 OUTSIDE SERVICES 475681 378945 96736 MISCELLANEOUS 390932 42775 188867 159290 PROPERTY TAXES 102875 102875 25968256 22380245 1801159 1786852 1532932 1434500 4416890 3268728 528892 692522 871939 1091665 84661400 24250710 59648461 60410690 43984717 49901250 14452053 20438194 2421434 2834731 127857318 140072280 906518 859316 2366596 2682754 22758366 22230305 2418608 2205831 28450088 27978206 X 53047461 61891681 14464043 17174143 31895726 33028250 99407230 112094074 127857318 140072280 X 2932841 9754003 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55961503 2268937 9282633 67513073 49379759 2663529 3918215 55961503 62915279 3263766 -16799286 49379759 0.30500 0.48920 0.20580 0 0 1553144 1553144 76782782 19098285 57684497 5984289 5152425 831864 341185 341185 60410690 ALTERNATIVE INVESTMENTS 20438194 F 20438194 INTEREST RATE SWAP AGREEMENT 2205831 2205831 28901097 25968256 2932841 9127936 626067 9754003 12686844 34122680 9127936 9127936 24994744 3906353 3906353 28901097 22061903 0 22061903 3906353 3906353 25968256 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEAR (2008-2010) OR EXPECTED TO BE TAKEN IN THE ACADEMY'S 2011 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF PERPETUAL TRUST 413,290. CHANGE IN VALUE OF INTEREST RATE SWAP 212,777. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED AGAINST STUDENT TUITION AND FEES ON FINANCIAL STATEMENTS 3,906,353. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED AGAINST STUDENT TUITION AND FEES ON FINANCIAL STATEMENTS 3,906,353. 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 NEWSPAPER ADVERTISEMENT AS WELL AS A STATEMENT IN ALL APPROPRIATE PUBLICATIONS (SEE CATALOGUE). CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 0 0 0 0 0 0 0 0 0 0 0 0 1 NEED BASED FINANCIAL ASSISTANCE 3906353 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: STUDENT AID AMOUNTS ARE APPLIED AGAINST TUITION COSTS. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 T CHANDLER HARDWICK 283892 0 0 0 0 0 28750 0 31652 0 344294 0 0 0 JAMES A FRICK 185807 0 0 0 0 0 17750 0 60032 0 263589 0 0 0 SELDEN D BACON JR 107254 0 0 0 0 0 10600 0 46036 0 163890 0 0 0 DAVID T LOW 169059 0 0 0 0 0 15230 0 21101 0 205390 0 0 0 NJ ECONOMIC DEVELOPMENT AUTHORITY 222045817 645912062 2007-10-01 23355000 REFUND PRIOR ISSUE 1995 BONDS AND 1999 BONDS. CONSTRUCT ATHLETIC FACILITY. 0 0 0 2009 1 1 1 1 0 0 0 0 0 0 1 1 WACHOVIA 30.000000000000 0 0 0 0 0 X 41 450938 SALE OF STOCK 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION USES THE SERVICES OF AN OUTSIDE BROKERAGE TO RECEIVE AND SELL STOCK GIFTS. FORM 990, PART VI, SECTION A, LINE 2 HEADMASTER CHANDLER HARDWICK AND DIRECTOR OF STRATEGIC PLANNING MONIE HARDWICK ARE HUSBAND & WIFE FORM 990, PART VI, SECTION B, LINE 11 THE 990 REVIEW PROCESS INVOLVES A THOROUGH REVIEW BY THE EXECUTIVE COMMITTEE AND BUDGET/AUDIT COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO SUBMISSION OF THE RETURN. ANY QUESTIONS OR CONCERNS THAT ARISE FROM THIS REVIEW ARE BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE. THE COMPLETED 990 TAX RETURN IS SHARED WITH THE ENTIRE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C EACH INDIVIDUAL OF THE BOARD OF TRUSTEES ANNUALLY RECEIVES A COPY OF THE CONFLICT OF INTEREST POLICY AND IS REQUIRED TO REVIEW THE POLICY AND REPORT ANY POSSIBLE CONFLICTS. COPIES OF ALL CONFLICT OF INTEREST RESPONSES ARE SENT TO SECRETARY OF THE BOARD FOR REVIEW AND RESPONSE IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE COMPENSATION OF THE HEADMASTER IN RELATION TO A PEER GROUP OF SCHOOLS AND BASED UPON THIS ANALYSIS IN CONJUNCTION WITH A BI-ANNUAL PERFORMANCE EVALUATION THE COMPENSATION LEVEL IS ESTABLISHED. THE COMPENSATION LEVEL ESTABLISED BY THE COMMITTEE, FOR THE HEADMASTER, IS SHARED WITH THE REMAINDER OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE ALSO REVIEWS ALL ADMINISTRATIVE/KEY EMPLOYEE SALARIES THAT ARE ESTABLISHED BY THE HEADMASTER IN COMPARISON TO A PEER GROUP TO ENSURE THAT THEY ARE COMPARABLE AND COMMENSURATE WITH THE JOB RESPONSIBILITIES OF EACH INDIVIDUAL. ANY CONCERNS BY THE COMMITTEE ARE BROUGHT TO THE ATTENTION OF THE HEADMASTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 9,127,936. CHANGE IN VALUE OF PERPETUAL TRUST 413,290. CHANGE IN VALUE OF INTEREST RATE SWAP 212,777. TOTAL TO FORM 990, PART XI, LINE 5: 9,754,003. FORM 990, PART XI, LINE 2C THE BUDGET COMMITTEE OVERSEES THE AUDIT AND SELECTS THE AUDITORS AT THEIR MEETING IN MAY.