2012-05-15T16:00:46-05:00 2011-06-30 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2010-07-01 060646687 KENT SCHOOL KENT 8609276046 PO BOX 2006 KENT CT 06757 THOMAS B SIDES 8609276046 2012-05-09 1 ELIZABETH SOLECKI 8605614000 2010 2016-02-24 21:20:13Z THOMAS B SIDES PO BOX 2006 KENT CT 06757 43165843 0 X WWW.KENT-SCHOOL.EDU X 1906 CT NON-PROFIT, INDEPENDENT, PREPATORY SCHOOL; EDUCATING APP. 500 BOARDING AND 50 DAY STUDENTS. 32 32 256 0 54725 0 2597853 3908326 26667362 27205351 1030687 -1686211 180657 108529 30476559 29535995 6582754 6641320 0 0 12934229 14438205 20000 26000 1290577 10874099 12126457 30411082 33231982 65477 -3695987 142329261 151093453 52056470 51954985 90272791 99138468 ESTABLISH AND MAINTAIN A SCHOOL WHICH SHALL PROVIDE FOR BOYS AND GIRLS OF ABILITY AND CHARACTER AN ACADEMIC COURSE OF INSTRUCTION. SIMPLICITY OF LIFE, SELF-RELIANCE, AND DIRECTNESS OF PURPOSE ARE TO BE ESPECIALLY ENCOURAGED. 0 0 26607542 7126820 27150626 INDEPENDENT, CO-EDUCATIONAL PREPATORY SCHOOL; EDUCATING BOTH BOARDING AND DAY STUDENTS. SIMPLICITY OF LIFE, SELF-RELIANCE AND DIRECTNESS OF PURPOSE ARE TO BE ESPECIALLY ENCOURAGED IN BOTH BOY AND GIRL STUDENTS. 26607542 1 1 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 83 0 1 256 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 X 32 32 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X THOMAS B SIDES BUSINESS MGR CFO & ASST TREASURER 8609276045 PO BOX 2006 KENT CT 067570640 BRANDON W SWEITZER 2.00 X X 0 0 0 DAVID C CLAPP 2.00 X X 0 0 0 HENRIK N VANDERLIP 2.00 X X 0 0 0 ROBERT S ANDERSON 2.00 X 0 0 0 CATHLEEN P BLACK 2.00 X 0 0 0 ANDREW A BOGLE 2.00 X 0 0 0 FREDERIC A BOURKE III 2.00 X 0 0 0 THOMAS M BOYD 2.00 X 0 0 0 OWSLEY BROWN III 2.00 X 0 0 0 WILLIAM G CAREY III 2.00 X 0 0 0 ALAN S S CHUANG 2.00 X 0 0 0 HILTON B CLARK 2.00 X 0 0 0 THOMAS CRAIG 2.00 X 0 0 0 SIR RICHARD B DEARLOVE 2.00 X 0 0 0 ANN B DICKENSON 2.00 X 0 0 0 ALICE C FRELINGHUYSEN 2.00 X 0 0 0 PETER W GETSINGER 2.00 X 0 0 0 THOMAS L HARRISON 2.00 X 0 0 0 ROBERT F HOERLE 2.00 X 0 0 0 POLLY D KETCHUM 2.00 X 0 0 0 HELEN M PARDOE 2.00 X 0 0 0 B WARING PARTRIDGE III 2.00 X 0 0 0 OWEN C SMITH 2.00 X 0 0 0 WILLIAM PETTY 2.00 X 0 0 0 LORD JONATHAN ROTHMERMERE 2.00 X 0 0 0 LYNN DOE SHIPWAY 2.00 X 0 0 0 REV E DON TAYLOR 2.00 X 0 0 0 MAGALEN CRANE WEBERT 2.00 X 0 0 0 BRUCE N WHITMAN 2.00 X 0 0 0 KIMBERLY BRAINARD NAYLOR 2.00 X 0 0 0 RENE A LACERTE 2.00 X 0 0 0 WILLIAM W WURTS 2.00 X 0 0 0 RICHARDSON W SCHELL 60.00 X 330680 0 112114 THOMAS B SIDES 50.00 X 233385 0 32660 MARC CLOUTIER 50.00 X 123703 0 38624 JEFFREY D CATALDO 50.00 X 119871 0 21777 ADAM FISCHER 50.00 X 110028 0 95779 JOEL A DANISI 15.00 X 106968 0 18882 CATHERINE MAZZA 50.00 X 129332 0 35824 1153967 0 355660 7 0 1 0 ABM JANITORIAL SERVICES PO BOX 1534 NEW YORK NY 10008 CLEANING SERVICE 577785 SLAM COLLABORATIVE PO BOX 12 BRATTLEBORO VT 05302 ARCHITECTS 350692 ALLIED PRINTING PO BOX 34 BRATTLEBORO VT 05302 PRINTING SERVICES 319502 MP LANDSCAPE 2 BIRCH HILL CT KENT CT 06757 LANDSCAPING 157023 WILLIAM PEROTTI 11 FURNACE HILL RD EAST CANNAN CT 06024 PLUMBING SERVICES 135020 7 7144 3901182 227970 3908326 TUITION & RELATED SERV 611710 26178213 26178213 OTHER PROGRAM RELATED 611710 775087 775087 SUMMER RENTAL INCOME 531190 197326 197326 MEMBERSHIP DUES 713940 54725 54725 27205351 968579 968579 10506965 13161755 -2654790 -2654790 -2654790 576622 468093 108529 108529 29535995 27150626 54725 -1577682 6641320 6641320 896340 191235 472029 233076 9748051 7877710 1393830 476511 1489718 597645 832243 59830 1574570 925191 597992 51387 729526 284515 401239 43772 54434 54434 59956 59956 26000 26000 10590 10590 31639 31639 1141557 849110 181695 110752 217599 135576 56523 25500 2453283 2453283 362360 247243 61392 53725 34695 34695 929409 929409 2697964 2536086 134898 26980 208441 208441 EQUIP. RENTAL & MAINT. 1027249 846541 177005 3703 FOOD 515462 515462 COMPUTER EXPENSE 388108 324407 63701 ADMISSIONS CATALOGUE 116063 116063 PROFESSIONAL FEES 82772 82772 1794876 1053974 596256 144646 33231982 26607542 5333863 1290577 12775801 16187398 11436151 9182821 7829292 7923848 182203 281334 3779578 3899326 93080903 43691743 49998176 49389160 37302739 44195338 18112495 19171007 912826 863221 142329261 151093453 2057304 2166222 17596120 18427273 28617749 27401598 3785297 3959892 52056470 51954985 X 36784378 39226358 14554800 20383547 38933613 39528563 90272791 99138468 142329261 151093453 X -3695987 12561664 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52804510 628572 9985652 3728000 59690734 51220227 814066 4564585 3794368 52804510 65861541 781086 -11315041 4107359 51220227 0.25000 0.64000 0.11000 0 0 705347 705347 71751040 29073123 42677917 7164265 5857390 1306875 10722404 8761230 1961174 2737847 2737847 49389160 ALTERNATIVE INVESTMENTS 18777007 F REAL ESTATE 394000 C 19171007 ACCRUED PENSION EXPENSE 3183184 FUTURE INTEREST IN POOLED INCOME FUND 419605 LIABILITY UNDER SPLIT INTEREST AGREEMENTS 357103 3959892 29535995 33231982 -3695987 12561497 167 12561664 8865677 35438929 12561497 -7126820 5434677 30004252 -468257 -468257 29535995 26573252 468257 468257 26104995 7126987 7126987 33231982 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO SUPPORT THE SCHOOL'S MISSION. PART XI, LINE 8 - OTHER ADJUSTMENTS: MISCELLANEOUS 167. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION -7,126,820. PART XII, LINE 4B - OTHER ADJUSTMENTS: COGS -468,257. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COGS 468,257. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION 7,126,820. MISCELLANEOUS 167. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 A NOTICE OF OUR NONDISCRIMINATORY POLICY AS TO STUDENTS WAS PUBLISHED IN THE HARTFORD COURANT EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 KENT SCHOOL RECEIVES A GRANT FROM THE REGION 1 SCHOOL DISTRICT. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING 6499 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES ADMISSIONS AND RECRUITING 34233 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES RECRUITING 531 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ADMISSIONS AND RECRUITING 30032 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING 22602 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 3348440 CENTRAL AMERICA & THE CARIBBEAN 0 0 INVESTMENTS 73980 NORTH AMERICA 0 0 PROGRAM SERVICES ADMISSIONS AND RECRUITING 5988 0 0 0 0 0 0 3522305 0 3522305 0 0 1 0 0 0 X X X X X X 1 LUCIE GADENNE 1 ABERNATHY LANE MARBLEHEAD MA 01945 CONSULTING 0 0 26000 0 26000 1 STUDENT FINANCIAL AID 202 0 6641320 FAIR VALUE WAIVE TUITION, FEES, AND OTHER CHARGES FOR THOSE STUDENTS WHO QUALIFY FOR AID. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS PROVIDED VIA A WAIVER OF TUITION, FEES, AND OTHER CHARGES. X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 RICHARDSON W SCHELL 330680 0 0 0 0 0 89290 0 22824 0 442794 0 0 0 THOMAS B SIDES 233385 0 0 0 0 0 21838 0 10822 0 266045 0 0 0 MARC CLOUTIER 123703 0 0 0 0 0 14080 0 24544 0 162327 0 0 0 ADAM FISCHER 110028 0 0 0 0 0 12844 0 82935 0 205807 0 0 0 CATHERINE MAZZA 129332 0 0 0 0 0 14383 0 21441 0 165156 0 0 0 PART I, LINE 1A BUSINESS CLASS TRAVEL IS PROVIDED FOR THE HEADMASTER AND ASSISTANT SECRETARY ON CERTAIN EUROPEAN AND ASIAN TRIPS. CERTAIN EMPLOYEES, INCLUDING THE HEADMASTER, ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. A CLEANING SERVICE IS PROVIDED FOR THE HEADMASTER'S RESIDENCE. CHEFA 060806186 20774LJ97 2004-10-06 21725000 REFUND EXISTING DEBT 0 0 0 CHEFA 060806186 20774UN35 2008-12-17 10155000 REFUND EXISTING DEBT & CONSTRUCTION 0 0 0 22982518 22228726 344792 409000 2004 0 1 1 1 10155000 9200000 203100 51537 700363 2009 0 1 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.01970 0.01970 1 0 0 0 0 0 0 0 0 0 0 0 0 TINA CLOUTIER SPOUSE OF AN OFFICER 57500 EMPLOYMENT 0 X 39 212970 FMV X HORSE 1 15000 APPRAISAL 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION CONSIST OF THE HEADMASTER AND THE CURRENT MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION VOTE ON THE TRUSTEE NOMINATIONS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS VOTE ON AND APPROVE DECISIONS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 AND ALL RELATED SCHEDULES ARE REVIEWED WITH THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. SUCH COMMITTEE HAS RESPONSIBILITY FOR ENSURING BOTH ACCURATE AND COMPLETE FINANCIAL AND TAX DISCLOSURE. ONCE FORM 990 IS APPROVED BY THE AUDIT COMMITTEE, FORM 990, EXCLUDING THE SCHEDULE B, IS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE SCHOOL SURVEYS THE FULL BOARD OF TRUSTEES TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. THE PROCESS IS REVIEWED BY BOTH THE HEADMASTER'S OFFICE AND THE BUSINESS MANAGER'S OFFICE TO CONFIRM NO CONFLICT OF INTEREST OR TO REVIEW THE POSSIBLE CONFLICT AND RESOLVE AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE WILL CONSIDER THE SKILL SET OF THE HEAD OF SCHOOL, THE EXPERIENCE LEVEL OF THE HEAD OF SCHOOL AND WILL BENCHMARK CURRENT COMPENSATION AND PROPOSED COMPENSATION AGAINST OTHER HEADMASTERS IN OUR PEER GROUP. FURTHER, THE COMMITTEE, IF IT DEEMS APPROPRIATE, WILL LOOK TO THE ADVICE OF A 3RD PARTY CONSULTANT TO VALIDATE COMPENSATION. THE COMMITEE WILL THEN MAKE A RECOMMENDATION AS TO THE COMPENSATION WHICH WILL BE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FOR OTHER OFFICERS AND KEY EMPLOYEES, THE BUSINESS MANAGER AND THE HEADMASTER WILL REVIEW COMPENSATION IN CONJUNCTION WITH JOB RESPONSIBILITY, SKILL SET AND EXPERIENCE. THE JOB WILL THEN BE BENCHMARKED AGAINST OTHER POSITIONS AT OTHER SCHOOLS WITHIN OUR PEER GROUP. THE PROPOSED COMPENSATION WILL THEN BE DISCUSSED AS NECESSARY WITH MEMBERS OF THE BOARD'S EXECUTIVE COMMITTEE. IN THE RECENT PAST, A 3RD PARTY CONSULTANT HAS NOT BEEN USED TO SET THE COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S BY LAWS, CERTIFICATE OF INCORPORATION, AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND ALL TAX RELATED DOCUMENTATION WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 12,561,497. MISCELLANEOUS 167. TOTAL TO FORM 990, PART XI, LINE 5: 12,561,664. BUSINESS TRANSACTION INVOLVING INTERESTED PERSONS: SCHEDULE L, PART IV EMPLOYMENT OF INTERESTED PERSONS IS REVIEWED AND APPROVED AS APPROPRIATE BASED ON THE INDIVIDUAL'S ABILITY TO PERFORM THE JOB. COMPENSATION: PART VII, SECTION A THE KENT SCHOOL HAS DISCLOSED THE VALUE OF HOUSING AS A NONTAXABLE BENEFIT ON PART VII, SECTION A AND ON SCHEDULE J. HOWEVER, THE KENT SCHOOL DOES NOT CONSIDER THE HOUSING TO BE AN EMPLOYEE BENEFIT. HOUSING IS A CONDITION OF EMPLOYMENT THAT IS REQUIRED AND NECESSARY TO ALLOW CERTAIN EMPLOYEES TO PERFORM THEIR JOB RESPONSIBILITIES.