2012-10-18T13:54:07-05:00 2012-06-30 221478099 COHNREZNICK LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2011-07-01 060646964 WILLIAMS MEMORIAL INSTITUTE WILL 8604435333 182 MOHEGAN AVENUE NEW LONDON CT 06320 KATHLEEN TRAMMELL 8604435333 2012-10-17 1 JOHN TOSCANO CPA P00358542 8606333000 2011 2016-02-24 21:20:13Z KATHLEEN TRAMMELL 182 MOHEGAN AVENUE NEW LONDON CT 06320 8084254 0 X WWW.WILLIAMSSCHOOL.ORG X 1891 CT THE SCHOOL PROVIDES EDUCATIONAL SERVICES TO STUDENTS AT THE SECONDARY SCHOOL LEVEL. 23 22 103 0 0 0 345739 385580 6867098 6773033 285144 133231 344856 352292 7842837 7644136 1298122 1244182 0 0 4086734 4138546 0 0 276789 1909142 1842547 7293998 7225275 548839 418861 15745037 15682997 6611282 6125257 9133755 9557740 TO FOSTER THE INTELLECTUAL, MORAL, AESTHETIC, AND PHYSICAL DEVELOPMENT OF YOUNG MEN AND WOMEN IN PREPARATION FOR COLLEGE, A LIFETIME OF LEARNING, AND ACTIVE PARTICIPATION IN A CHANGING SOCIETY. 0 0 6018863 1244182 7101511 WILLIAMS MEMORIAL INSTITUTE'S PRIMARY PROGRAM SERVICE IS EDUCATION FOR APPROXIMATELY 260 STUDENTS FROM GRADES SEVEN THROUGH TWELVE. 6018863 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 21 0 1 103 1 0 0 0 0 0 1 1 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KATHLEEN TRAMMELL DIRECTOR OF FINA 8604435333 182 MOHEGAN AVENUE NEW LONDON CT 06320 MARK FADER 40.00 X X 150628 0 50377 GREGG BENSON 2.00 X X 0 0 0 JOHN CATLETT 1.00 X X 0 0 0 JEFFREY BROWN 1.00 X X 0 0 0 SCOTT GIBSON 1.00 X X 0 0 0 HOLLY CHEESEMAN 1.00 X 0 0 0 DAVID COOK 1.00 X 0 0 0 STEVEN DAREN 1.00 X 0 0 0 GARY DAYHARSH 1.00 X 0 0 0 STEPHEN DICICCO 1.00 X 0 0 0 PATRICK DOHERTY 1.00 X 0 0 0 BRUCE GOLDSTEIN 1.00 X 0 0 0 ETHAN GOLLER 1.00 X 0 0 0 KATHERINE ROSEN LEISER 1.00 X 0 0 0 MARISSA MILLS 1.00 X 0 0 0 KATHLEEN MAHER 1.00 X 0 0 0 ALISON SMITH MARCINEK 1.00 X 0 0 0 PAUL MARONI 1.00 X 0 0 0 RONALD MENEO 1.00 X 0 0 0 AMY PERRY 1.00 X 0 0 0 WILLIAM PIENDIAZ 1.00 X 0 0 0 WILLIAM VERHOEFF 1.00 X 0 0 0 JOSHUA WELCH 1.00 X 0 0 0 KATHLEEN TRAMMELL 40.00 X 102600 0 24036 253228 0 74413 2 0 1 0 M & J BUS COMPANY PO BOX 801 OLD SAYBROOK CT 06475 TRANSPORTATION 134739 1 40615 344965 35504 385580 TUITION AND FEES 611000 6773033 6773033 6773033 125930 125930 33030 0 33030 33030 33030 417288 404502 5485 12786 -5485 7301 7301 20915 40615 30131 -9216 -9216 AUXILIARY SERVICES 611000 328478 328478 328478 7644136 7101511 0 157045 1244182 1244182 337523 337523 2898998 2495960 241205 161833 248698 208244 24270 16184 431743 363659 51931 16153 221584 174954 35302 11328 1204 1204 12300 12300 16077 16077 114178 99130 15048 82657 50151 15387 17119 48101 40886 4810 2405 92850 83565 7428 1857 7037 2136 4797 104 187842 169058 15027 3757 610218 549196 48817 12205 46802 42122 3744 936 OTHER INSTRUCTIONAL 176827 174591 1606 630 TRANSPORTATION 134359 134359 CAFETERIA EXPENSE 117578 110523 5879 1176 EQUIPMENT RENTAL AND MA 91948 88903 2437 608 102569 70297 16826 15446 7225275 6018863 929623 276789 759179 494397 207885 969064 14558 0 2552 1140 5970 4694 27398 24083 15042775 5917795 9558837 9124980 4962689 4851458 205969 213181 15745037 15682997 460208 476040 1129460 977884 4575000 4425000 225000 150000 221614 96333 6611282 6125257 X 7639086 8130504 326260 229651 1168409 1197585 9133755 9557740 15745037 15682997 X 418861 5124 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3675123 31494 -2459 291223 3412935 2518949 766750 524424 135000 3675123 2282848 14133 221968 2518949 2901865 24213 -531180 -112050 2506948 0.59000 0.35000 0.06000 0 0 1339666 1339666 10687422 4282301 6405121 1412776 1003865 408911 1602911 631629 971282 9124980 DEFERRED COMPENSATION 43307 SWAP CONTRACT 53026 96333 7644136 7225275 418861 -120411 125535 5124 423985 6406597 -120411 143131 22720 6383877 16077 1244182 1260259 7644136 5982612 17596 17596 5965016 16077 1244182 1260259 7225275 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS, SALARIES AND OTHER OPERATING EXPENSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2009 ARE CLOSED AND MANAGEMENT CONTINUALLY EVAULUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE SCHOOL HAD 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 STATEMENT OF FINANCIAL POSITION. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN ON SWAP AGREEMENT 125,535. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON SWAP AGREEMENT 125,535. SPECIAL EVENTS EXPENSES 17,596. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,244,182. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 17,596. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,244,182. 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 INCLUDED IN ALL ADMISSIONS ADVERTISING, PUBLISHING IN LOCAL NEWSPAPERS AUCTION 61530 40615 20915 30131 61530 40615 20915 30131 30131 -9216 1 FINANCIAL AID 100 1244182 FAIR VALUE TUITION DISCOUNT BASED ON NEED. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FINANCIAL AID COMMITTEE APPROVES THE AMOUNT OF FINANCIAL AID TO BE AWARDED AND IT IS APPROVED BY THE BOARD OF TRUSTEES. X X X X 0 0 0 0 0 0 0 0 0 MARK FADER 150628 0 0 0 0 0 15810 0 34567 0 201005 0 0 0 DISCLOSURE NOT REQUIRED PER IRS DISCLOSURE NOT REQUIRED PER IRS SCHOLARSHIP DISCLOSURE NOT REQUIRED PER IRS DISCLOSURE NOT REQUIRED PER IRS SCHOLARSHIP X 9 22969 FAIR VALUE X DONATED AUCTION ITEMS 58 12535 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETED FORM 990 IS REVIEWED FOR ACCURACY AND COMPLETENESS BY THE HEAD OF SCHOOL, BUSINESS MANAGER AND THE FINANCE COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF TRUSTEES. THE FINANCE COMMITTEE IS INVOLVED IN BOTH THE FINANCIAL REPORTING AND INVESTMENTS OF THE SCHOOL ON A MONTHLY BASIS AND THEREFORE HAS KNOWLEDGE OF THE SCHOOL'S OPERATIONS. THE DRAFT FORM IS PROVIDED TO ALL TRUSTEES FOR QUESTIONS AND COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CERTIFICATES OF ACKNOWLEDGEMENT ARE REQUIRED FROM OFFICERS, TRUSTEES, AND KEY EMPLOYEES TO IDENTIFY POTENTIAL CONFLICT OF INTERESTS. IN ADDITION, THE BUSINESS OFFICE MONITORS THE USAGE OF VENDORS AND CONTRACTORS TO ENSURE INDEPENDENCE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY REVIEW OF PEER SCHOOL'S SALARY BANDS AS WELL AS THROUGH CONSULTATION WITH THE CONNECTICUT ASSOCIATION OF INDEPENDENT SCHOOLS. COMPENSATION FOR THE BUSINESS MANAGER IS DETERMINED BY THE HEAD OF SCHOOL THROUGH BENCHMARKING OF STATISTICS COMPILED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS). FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -120,411. UNREALIZED GAIN ON SWAP AGREEMENT 125,535. TOTAL TO FORM 990, PART XI, LINE 5: 5,124. FORM 990, PART XI, LINE 2C THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR.