2012-11-13T11:39:58-06:00 2012-06-30 061009205 BLUM SHAPIRO & COMPANY PC 1001 HINGHAM STREET ROCKLAND MA 02370 990 2011-07-01 042103636 WALNUT HILL SCHOOL FOR THE ARTS WALN 5086534312 12 HIGHLAND STREET NATICK MA 01760 LAURA RUTHERFORD 5086505015 2012-11-08 1 KEVIN T WHITE P00097855 7819821001 2012-11-08 2011 2016-02-24 21:20:13Z ANTONIO VIVA 12 HIGHLAND STREET NATICK MA 01760 18498685 0 X WWW.WALNUTHILLARTS.ORG X 1893 MA TO EDUCATE TALENTED, ACCOMPLISHED AND INTELLECTUALLY ENGAGED YOUNG ARTISTS FROM ALL OVER THE WORLD. THE SCHOOL DOES SO IN A DIVERSE, HUMANE AND ETHICAL COMMUNITY. 24 24 283 150 0 0 2002537 1454027 14874470 14581762 581612 658611 -40096 73987 17418523 16768387 3185895 3120506 0 0 6531416 6818847 4552 0 517945 6142938 6090442 15864801 16029795 1553722 738592 48748438 49442013 21822237 24098427 26926201 25343586 X THE MISSION OF WALNUT HILL IS TO EDUCATE TALENTED, ACCOMPLISHED AND INTELLECTUALLY ENGAGED YOUNG ARTISTS FROM ALL OVER THE WORLD. THE SCHOOL DOES SO IN A DIVERSE, HUMANE AND ETHICAL COMMUNITY. 0 0 7960747 2994275 10976253 INSTRUCTIONAL EXPENSES RELATED TO EDUCATING THE STUDENTS WHILE AT SCHOOL. THE SCHOOL ENROLLED APPROXIMATELY 287 STUDENTS DURING THE FALL AND SPRING SEMESTERS. 3479911 2656493 STUDENT ACTIVITIES, THEATER AND MUSIC PRODUCTIONS, TUTORING, DORM LIFE AND FOOD SERVICE AND STUDENT CLUBS. THE SCHOOL ENROLLED APPROXIMATELY 287 STUDENTS DURING THE FALL AND SPRING SEMESTERS. OF THE 287 STUDENTS, APPROXIMATELY 230 STUDENTS LIVED ON-CAMPUS. 1136193 126231 949016 SUMMER AND OTHER PROGRAM EXPENSES FOR UNENROLLED STUDENTS, SUCH AS THE COMMUNITY ARTS PROGRAM. THE SUMMER PROGRAMS ENROLLED APPROXIMATELY 270 STUDENTS BETWEEN MANY DIFFERENT PROGRAMS SUCH AS DANCE, VISUAL ARTS, MUSIC, WRITING AND THEATER. THE SCHOOL PROVIDED TUITION FREE WORKSHOPS THROUGH THE COMMUNITY ARTS PROGRAM TO APPROXIMATELY 180 STUDENTS. OPERATION OF THE BOOKSTORE FOR THE STUDENTS. 12576851 1 1 0 0 0 1 0 0 0 1 1 0 0 1 1 0 1 0 1 0 1 0 1 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 44 0 283 1 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 0 1 1 0 MA X LAURA RUTHERFORD CFO 5086505015 12 HIGHLAND STREET NATICK MA 01760 LYNDA K BECK 5.00 X 0 0 0 CATHERINE T CHAN 5.00 X 0 0 0 MATAN CHOREV 5.00 X 0 0 0 JENNIFER CAUDLE 5.00 X 0 0 0 SANDRA E DELBRIDGE 5.00 X 0 0 0 RALPH FARRIS 5.00 X 0 0 0 BRUCE FIGUEROA 5.00 X 0 0 0 LENIRA FLECK 5.00 X 0 0 0 CHARLOTTE I HALL 5.00 X 0 0 0 JUSTINE HAND 5.00 X 0 0 0 OAKES HUNNEWELL 5.00 X 0 0 0 ALLISON PERRY IANTOSCA 5.00 X 0 0 0 CHERYL B MAROTTO 5.00 X 0 0 0 LINDA HARPER MCLANE 5.00 X 0 0 0 FRANKLIN B MEAD 5.00 X 0 0 0 DOROTHY NEUBERGER 5.00 X 0 0 0 HAE SUN PAIK 5.00 X 0 0 0 JANET EMERY PATTILLO 5.00 X 0 0 0 MICHELE RIGGI 5.00 X 0 0 0 DAVID KIM 5.00 X 0 0 0 AFA SADYKHLY 5.00 X 0 0 0 ELIZABETH A WHEELER 5.00 X 0 0 0 PETER TOLLMAN 5.00 X 0 0 0 ELIZABETH P MCCLENDON 5.00 X X 0 0 0 ANNE M MORGAN 5.00 X X 0 0 0 CHARLES THACHER 5.00 X X 0 0 0 JACKSON W WRIGHT JR 5.00 X X 0 0 0 PATRICIA L DAVIDSON 5.00 X X 0 0 0 HUGH GELCH 5.00 X X 0 0 0 LAURA RUTHERFORD 40.00 X 122868 0 18530 ANTONIO VIVA 40.00 X 168465 0 47439 BRUCE SMITH 40.00 X 113534 0 6917 JULIE FAULSTICH 40.00 X 108082 0 18065 512949 0 90951 4 0 1 0 FLIK (COMPASS GROUP USA) PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICE 903216 MATTHEW CONSTRUCTION CO 4 MECHANIC ST NATICK MA 017603460 CONSTRUCTION 680509 TUFTS HEALTH PLAN PO BOX 9224 CHELSEA MA 021509224 HEALTH INSURANCE 630179 NEW ENGLAND CONSERVATORY OF MUSIC 290 HUNTINGTON AVE BOSTON MA 02115 EDUCATION - MUSIC 342683 AWG DEWAR INC FOUR BATTERYMARCH PARK QUINCY MA 021697468 INSURANCE - TUITION REFUND 318630 18 1454027 88727 1454027 TUITION AND FEES 611600 13340231 13340231 SUMMER PROGRAMS 611600 949016 949016 STUDENT ACTIVITIES 611600 165843 165843 OTHER 611600 65488 65488 RENTAL - PROG. RELATED 611600 61184 61184 14581762 567642 567642 1663930 1572961 90969 90969 90969 231324 157337 73987 73987 16768387 14581762 0 732598 2738625 2738625 381881 381881 592632 116960 286293 189379 5171790 4042727 999744 129319 177873 136282 39469 2122 439646 316125 101684 21837 436906 297096 113596 26214 3648 3648 40509 40509 716 716 62181 1027 56048 5106 101109 40368 60741 350008 39185 232154 78669 174672 174672 1609713 1309152 295259 5302 164338 44350 101361 18627 43945 22002 21423 520 1110322 943330 164438 2554 88426 60306 22977 5143 FOOD SERVICE 1014089 1014089 INSTRUCTIONAL PROGRAM E 751232 751232 OTHER EXPENSE 245823 68974 143696 33153 SUMMER PROGRAM EXPENSE 121434 121434 208277 131706 76571 16029795 12576851 2934999 517945 2935262 1534046 3544514 5635165 1393431 831192 47110 122139 44925 55438 691156 498583 33746422 13732627 19977191 20013795 13674792 14814801 2294740 2294740 4145317 3642114 48748438 49442013 690381 867339 6688890 7539065 12435000 12270000 152454 98501 1855512 3323522 21822237 24098427 X 12911686 11687388 4789984 4279453 9224531 9376745 26926201 25343586 48748438 49442013 X 738592 -2321207 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 35000 380870 0 0 15969532 719117 606043 185151 17109541 10863832 3551995 1593705 40000 15969532 5663623 4637757 595252 32800 10863832 6248899 752267 -1304743 32800 5663623 0.47490 0.34740 0.17770 0 0 101810 101810 30588628 11625442 18963186 2307516 1816054 491462 748468 291131 457337 20013795 PERPETUAL TRUST 3046681 ASSETS OF SPLIT INTEREST AGREEMENTS 595433 3642114 DUE TO LIFE BENEFICIARIES OF SPLIT INTEREST AGREEMENTS 41788 FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 3281734 3323522 16768387 16029795 738592 -86181 -2235026 -2321207 -1582615 13719037 -3206687 -3206687 16925724 -157337 -157337 16768387 15301652 2392363 2392363 12909289 3120506 3120506 16029795 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S INTENDED USE OF ENDOWMENT FUNDS INCLUDES SCHOLARSHIP, FINANCIAL AID, FACULTY DEVELOPMENT, INVESTMENT IN PLANT AND VARIOUS OPERATIONAL NEEDS. PART XI, LINE 8 - OTHER ADJUSTMENTS: REALIZED AND UNREALIZED LOSSES ON INTEREST RATE SWAP -1,915,716. LOSS ON FIXED ASSET DISPOSAL -67,187. UNREALIZED LOSS ON SPLIT INTEREST -252,123. TOTAL TO SCHEDULE D, PART XI, LINE 8: -2,235,026. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -3,120,506. UNREALIZED LOSSES -86,181. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE -157,337. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 157,337. UNREALIZED AND REALIZED LOSSES ON ON INTEREST RATE SWAP AGREMENT 1,915,716. LOSS ON PROPERTY AND EQUIPMENT 67,187. DECREASE IN VALUE OF SPLIT INTEREST AGREEMENT 252,123. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,120,506. 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 PUBLISHED NON-DISCRIMINATORY POLICY IN REGIONAL NEWSPAPERS 1 ASIA 0 0 RECRUITING FOR PROGRAM ENROLLMENT 22050 EUROPE 0 0 RECRUITMENT FOR PROGRAM ENROLLMENT 7250 SOUTH AMERICA 0 0 RECRUITING FOR PROGRAM ENROLLMENT 7885 ASIA 0 0 PROGRAM ACTIVITIES ART SHOW AND FUNDRAISING MEETINGS 51976 0 0 0 0 0 0 89161 0 89161 FINANCIAL AID EAST ASIA AND THE PACIFIC 16 265530 APPLIED TO STUDENT TUITION CHARGES FINANCIAL AID EUROPE 13 36822 APPLIED TO STUDENT TUITION CHARGES FINANCIAL AID NORTH AMERICA, CANADA, AND MEXICO 2 42500 APPLIED TO STUDENT TUITION CHARGES FINANCIAL AID SOUTH AMERICA 1 36000 APPLIED TO STUDENT TUITION CHARGES FINANCIAL AID AFRICA 1 1029 APPLIED TO STUDENT TUITION CHARGES 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE FUNDS AWARDED TO INDIVIDUALS OUTSIDE THE UNITED STATES REPRESENT FINANCIAL AID WHICH IS APPLIED BY THE SCHOOL DIRECTLY TO THE TUITION CHARGES OWED TO THE SCHOOL. THE INDIVIDUAL DOES NOT DIRECTLY RECEIVE THESE FUNDS. METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: THE METHOD USED TO ACCOUNT FOR EXPENDITURES DISCLOSED IN THIS SCHEDULE IS THE ACCRUAL BASIS, CONSISTENT WITH THE AUDITED FINANCIAL STATEMENTS IN ACCORDANCE WITH GAAP. PROCEDURES FOR GRANT ELIGILIBILITY SCHEDULE F, PART I. LINE 1 SCHEDULE F, PART I, LINE 1: THE ORGANIZATION MAINTAINS FINANCIAL RECORDS FOR ALL FAMILIES THAT REQUEST ASSISTANCE AND UTILIZE THE COMPASSIST TOOL PROVIDED BY NAIS TO HELP DETERMINE THE AMOUNT OF ASSISTANCE REQUIRED BY A FAMILY. ALL DETERMINATIONS ARE MADE BY THE FINANCIAL AID COMMITTEE USING THE COMPASSIST CALCULATION, FINANCIAL RECORDS, AND ANY OTHER INFORMATION AVAILABLE. 1 FINANCIAL AID 164 2738625 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID AWARDS ARE APPLIED DIRECTLY TO THE STUDENT'S OUTSTANDING TUITION BILL. CASH PAYMENTS ARE NOT MADE DIRECTLY TO RECIPIENTS. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 1 1 ANTONIO VIVA 168465 0 0 0 0 0 9650 0 37789 0 215904 0 0 0 PART I, LINE 1A THE SCHOOL REQUIRES THAT THE HEAD OF SCHOOL LIVE ON CAMPUS IN SCHOOL PROVIDED HOUSING. IT IS NOT CONSIDERED A TAXABLE BENEFIT AS THE HOUSE IS AVAILABLE TO CONDUCT SCHOOL BUSINESS IN, EVEN IF THE HEAD IS NOT THERE. IN ADDITION, WHILE THE HEAD IS IN THE HOUSING, HE IS AVAILABLE TO ASSIST THE NEEDS OF THE SCHOOL SHOULD THEY ARISE OUTSIDE OF NORMAL BUSINESS HOURS. DUE TO THE RESIDENTIAL COMPONENT OF THE SCHOOL, IT IS CRITICAL THAT THE HEAD BE AVAILABLE AND PRESENT AS MUCH AS POSSIBLE. THE SCHOOL OWNS A JEEP THAT IS RESERVED FOR USE BY THE HEAD OF SCHOOL. THE CURRENT HEAD OF SCHOOL ALSO OWNS AN AUTO THAT IS USED FOR PERSONAL USE. WHILE USING THE SCHOOL'S JEEP, THE HEAD OF SCHOOL IS AVAILABLE FOR SCHOOL BUSINESS VIA PHONE OR EMAIL. ANY USE OF THE SCHOOL'S JEEP WHILE NOT AVAILABLE IS TO BE REPORTED TO THE BUSINESS OFFICE. PART I, LINE 8 THE COMPENSATION AND BENEFITS REPORTED ON SCHEDULE J FOR ANTONIO VIVA WERE PAID PURSUANT TO AN INITIAL EMPLOYMENT CONTRACT FOR HIS POSITION AS THE HEAD OF SCHOOL, COVERING THE PERIOD FROM JULY 1, 2010 THROUGH JUNE 30, 2012. MASSACHUSETTS STATE DEVELOPMENT FINANCE AGENCY 043438140 57583RE84 2006-10-12 6000000 TO ASSIST IN FINANCING THE NEW DORMITORY PROJECT 0 0 0 305000 6000000 187072 5812928 2008 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 MORGAN STANLEY 29.900000000000 0 0 0 NA 0 0 0 X 5 88727 FMV AT DONATION DATE 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): FOR DONATIONS OF SECURITIES, IN ACCORDANCE WITH THE IRS INSTRUCTIONS, EACH SEPARATE GIFT IS TREATED AS AN ITEM, RATHER THAN EACH SHARE OF STOCK. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF NOT LESS THAN FIVE NOR MORE THAN TWELVE TRUSTEES, AND SHALL INCLUDE THE PRESIDENT, VICE PRESIDENT, TREASURER AND CLERK, ALL OF WHICH ARE MEMBERS OF THE GOVERNING BODY. THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE GOVERNING BODY EXCEPT FOR THE ELECTION OF TRUSTEES, ELECTION OF OFFICERS, SELECTION OF THE HEAD OF SCHOOL OR AMENDING THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 ALL MEMBERS OF THE GOVERNING BODY HAVE NOT RECEIVED A COPY OF THE 990 PRIOR TO ITS FILING. THE BOARD OF TRUSTEES HAS APPOINTED THE RESPONSIBILITY OF OBTAINING AND REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE HAS RECEIVED A COPY OF THE FORM 990, IN ITS ENTIRETY (WITH THE EXCEPTION OF SCHEDULE B), AND REVIEWED IT FOR COMPLETENESS AND ACCURACY, PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE STATEMENT THAT INDICATES THAT THEY HAVE READ, UNDERSTOOD AND AGREE TO THE SCHOOL'S CONFLICT OF INTEREST POLICY. FURTHER, THE TRUSTEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS (AS DEFINED IN THE POLICY) AND/OR NOTIFY THE HEAD OF SCHOOL IF ANY ADDITIONAL ISSUES ARISE THROUGHOUT THE YEAR. THE POLICY IS ENFORCED AND MONITORED BY THE HEAD OF SCHOOL. AT JUNE 30, 2012, THE POLICY APPLIED ONLY TO TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES WILL DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL AND OTHER OFFICERS USING THE FOLLOWING CRITERIA: 1. THE TRANSACTION IS APPROVED BY AN AUTHORIZED BODY OF THE ORGANIZATION, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST CONCERNING THE TRANSACTION. 2. PRIOR TO MAKING ITS DETERMINATION, THE AUTHORIZED BODY OBTAINED AND RELIED UPON APPROPRIATE DATA AS TO COMPARABILITY. 3. THE AUTHORIZED BODY ADEQUATELY DOCUMENTS THE BASIS FOR DETERMINATION CONCURRENTLY WITH MAKING THAT DETERMINATION. THE DOCUMENTATION WILL INCLUDE: -THE TERMS OF THE APPROVED TRANSACTION AND THE DATE APPROVED; -THE MEMBERS OF THE AUTHORIZED BODY WHO WERE PRESENT DURING DEBATE ON THE TRANSACTION THAT WAS APPROVED AND THOSE WHO VOTED ON IT; -THE COMPARABILITY DATA OBTAINED AND RELIED UPON BY THE AUTHORIZED BODY AND HOW THE DATA WAS OBTAINED; -ANY ACTIONS BY A MEMBER OF THE AUTHORIZED BODY HAVING A CONFLICT OF INTEREST; AND -DOCUMENTATION OF THE BASIS FOR THE DETERMINATION BEFORE THE LATER OF THE NEXT MEETING OF THE AUTHORIZED BODY OR 60 DAYS AFTER THE FINAL ACTIONS OF THE AUTHORIZED BODY ARE TAKEN AND APPROVAL OF RECORDS AS REASONABLE, ACCURATE AND COMPLETE WITHIN A REASONABLE TIME THEREAFTER. THIS POLICY WAS LAST UTILIZED IN THE SPRING OF 2012 TO DETERMINE THE HEAD OF SCHOOL'S FY13 SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, SECTION B, QUESTION #14 A DOCUMENT RETENTION AND DESTRUCTION POLICY WAS IN PLACE DURING FY 2012, HOWEVER IT WAS NOT ADOPTED BY THE BOARD UNTIL FISCAL 2013. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -86,181. REALIZED AND UNREALIZED LOSSES ON INTEREST RATE SWAP -1,915,716. LOSS ON FIXED ASSET DISPOSAL -67,187. UNREALIZED LOSS ON SPLIT INTEREST -252,123. TOTAL TO FORM 990, PART XI, LINE 5: -2,321,207.