2012-10-24T11:15:22-05:00 2012-06-30 020476956 TYLER SIMMS & STSAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2011-07-01 020222147 KIMBALL UNION ACADEMY KIMB 6034693211 PO BOX 188 MERIDEN NH 037700188 JAMES E GRAY 6034693211 2012-10-12 1 JAMES N GODFREY CPA P00913422 6036530044 2012-10-01 2011 2016-02-24 21:20:13Z JAMES E GRAY MAIN STREET MERIDEN NH 03770 17437237 0 X WWW.KUA.ORG X 1813 NH SECONDARY EDUCATION 22 21 235 0 207479 -183065 4688163 2408004 13718470 14022993 533210 -6271 242392 215546 19182235 16640272 3736315 3937870 0 0 6295344 6577096 0 0 863558 7376038 7752129 17407697 18267095 1774538 -1626823 58898397 55226368 19619660 19422257 39278737 35804111 TO DISCOVER WITH EACH STUDENT THE RIGHT PATH TO ACADEMIC MASTERY, TO CREATIVITY, AND TO RESPONSIBILITY. 0 0 15082204 3937870 14022993 PRIVATE HIGH SCHOOL THAT SERVES 218 BOARDING STUDENTS AND 108 DAY STUDENTS. 15082204 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 1 0 0 0 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 72 0 1 235 1 1 1 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 1 1 1 1 0 NH X X JAMES E GRAY 6034692000 KIMBALL UNION ACADEMY MERIDEN NH 037700188 WILLIAM A BLACK 1.00 X 0 0 0 JENNIFER A BORISLOW 1.00 X 0 0 0 J ROBERTS SNOW 1.00 X X 0 0 0 WILLIAM BARKER 1.00 X 0 0 0 MICHAEL BORISLOW 1.00 X 0 0 0 PETER CROWELL 1.00 X 0 0 0 JEFFREY P CUTTS 1.00 X 0 0 0 PHIL DEGUIRE 1.00 X 0 0 0 ALLAN FERGUSON 1.00 X 0 0 0 ROBERT FITZGERALD 1.00 X 0 0 0 THOMAS L GOSSELIN 1.00 X 0 0 0 KRIS GRAHAM 1.00 X 0 0 0 TIMOTHY J HERBERT 1.00 X 0 0 0 DONALD E LOWERY 1.00 X 0 0 0 KATHRYN F MUNRO 1.00 X 0 0 0 HANS F OLSEN 1.00 X 0 0 0 DAVID POND 1.00 X 0 0 0 G MANNING ROUNTREE 1.00 X X 0 0 0 ROBIN SCHILTKAMP 1.00 X 0 0 0 EDWARD H STANSFIELD III 1.00 X 0 0 0 KARIN TRAVAGLIONE 1.00 X X 0 0 0 MICHAEL J SCHAFER 40.00 X X 279284 0 142176 JAMES E GRAY 40.00 X 143309 0 47210 GREGORY POLLARD 40.00 X 135141 0 93201 557734 0 282587 3 0 1 0 0 2408004 70412 2408004 TUITION 611710 12900345 12900345 PROGRAM SUPPORT 611710 619156 619156 SUMMER PROGRAMS 611710 503492 503492 14022993 450944 450944 790 0 790 790 790 168598 0 625813 168598 -625813 -457215 -457215 178429 171152 7277 7277 CHILD CARE FEES 624410 146229 146229 ATHLETIC FACILITY RENT 713940 61250 61250 207479 16640272 14022993 207479 1796 3937870 3937870 495529 495529 4693599 3937894 567000 188705 386331 208854 138891 38586 622026 315364 248399 58263 379611 184795 160675 34141 68292 68292 70796 70796 42952 42952 196341 81635 38272 76434 886476 886476 125411 73865 42402 9144 9727 5158 4569 411971 411971 2053904 2053904 61531 35414 26117 EDUCATIONAL EXPENSES 1413369 1413369 PLANT EXPENSE 447284 447284 MISC 426242 86344 4091 335807 SCHOOL GENERAL 416922 287037 129615 270 1120911 672018 326685 122208 18267095 15082204 2321333 863558 5170968 3243295 4314100 1385310 677335 349379 194596 194749 64947 82493 49862522 17493899 32925454 32368623 13176246 14862081 757815 258044 1616936 2482394 58898397 55226368 2835722 829829 4285476 4856617 10000000 9800000 680437 621139 1818025 3314672 19619660 19422257 X 26105224 23823551 1232739 616345 11940774 11364215 39278737 35804111 58898397 55226368 X -1626823 -1847803 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15118714 978760 34814 650000 15482288 13408704 636473 1573537 500000 15118714 12836596 824486 387622 640000 13408704 15095106 1037161 -2642671 653000 12836596 0.20600 0.73400 0.06000 0 0 4186500 4186500 28687587 14686657 14000930 11594331 72929 11521402 3841375 2734313 1107062 1552729 1552729 32368623 CAPITAL LEASE 230312 RETIREMENT OBLIGATION 181856 DEFERRED COMPENSATION 83263 INTEREST RATE SWAP 2712293 DEFERRED RENT LIFE ESTATE 106948 3314672 16640272 18267095 -1626823 -507034 -1340769 -1847803 -3474626 11824572 -507034 -4237870 -4744904 16569476 70796 70796 16640272 13958429 -300000 -300000 14258429 70796 3937870 4008666 18267095 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: KIMBALL UNION ACADEMY USES THEIR ENDOWMENT FUNDS FOR ACADEMICS, THE EQUESTRIAN PROGRAM, DEPARTMENT MANAGER SALARIES, FINANCIAL AID, BUILDING MAINENTANCE, BOOKS, AND OPERATING SUPPORT. PART XI, LINE 8 - OTHER ADJUSTMENTS: INTEREST RATE SWAP -1,340,769. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -3,937,870. PROVISION FOR DOUBTFUL PLEDGES -300,000. PART XIII, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR DOUBTFUL PLEDGES -300,000. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,937,870. 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 KIMBALL UNION ACADEMY'S NONDISCRIMINATORY POLICY IS PUBLISHED ON ITS WEBSITE, ON ITS APPLICATION AND EMPLOYMENT DOCUMENTS, AND IN EMPLOYMENT ADS. THE NONDISCRIMINATORY POLCY IS ALSO INCLUDED IN OUR ADMISSIONS MATERIALS, INCLUDING OUR APPLICATION FOR ADMISSION. EVERY STUDENT HAS AN ANNUAL CONTRACT WITH THE SCHOOL THAT CLEARLY STATES THE SCHOOL'S NONDISCRIMINATORY POLICY. COSTA RICA 0 0 PROGRAM SERVICES STUDENTS STUDYING ABROAD. 30367 0 0 0 0 0 0 30367 0 30367 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: ACTUAL COST 1 FINANCIAL AID 149 3937870 FMV FINANCIAL AID THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT BUSINESS OF KIMBALL UNION ACADEMY. X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL J SCHAFER 279284 0 0 0 0 0 27868 0 114308 0 421460 0 0 0 JAMES E GRAY 143309 0 0 0 0 0 14021 0 33189 0 190519 0 0 0 GREGORY POLLARD 135141 0 0 0 0 0 13514 0 79687 0 228342 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO A MAJORITY OF THE FACULTY, TO THE EXTENT ON-CAMPUS HOUSING IS AVAILABLE, IN ORDER FOR THE FACULTY TO FULFILL THEIR IN LOCO PARENTIS RESPONSIBILITIES. NHHEFA 020279866 644614TA7 2007-10-01 10000000 STUDENT CENTER RENOVATIONS & DEFERRED MAINENTANCE PROJECTS 0 0 0 200000 10000000 203481 6792761 3003758 2008 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 GAYLE SCHAFER ADMISSIONS ASSOCIATE 28000 GAYLE SCHAFER, AN EMPLOYEE OF THE SCHOOL, IS THE WIFE OF THE HEAD OF THE SCHOOL, MICHAEL J. SCHAFER. 0 MARY GRAY TEACHER 50000 MARY GRAY, AN EMPLOYEE AT THE SCHOOL, IS THE WIFE OF THE SCHOOL'S CFO, JAMES E. GRAY. 0 X 18 63426 FMV X GIFTS-IN-KIND 5 6986 FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION'S GIFTS OF STOCK ARE TRANSFERRED TO A BROKERAGE HOUSE FOR IMMEDIATE SALE. REAL ESTATE GIFTS NOT CORE TO THE MISSION OF THE ACADEMY ARE PLACED WITH A QUALIFIED, LOCAL REAL ESTATE BROKER AND PLACED FOR SALE. 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 THE INDEPENDENT AUDITORS REVIEW THE FORM 990 WITH THE ORGANIZATION'S AUDIT COMMITTEE IN DETAIL. THE AUDIT COMMITTEE CHAIR THEN BRIEFS THE BOARD ON THE KEY ELEMENTS OF THE FORM 990 AND PROVIDES THE BOARD MEMBERS WITH A COPY OF THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH TRUSTEE, PRIOR TO TAKING A POSITION ON THE BOARD, TO SUBMIT IN WRITING ANY POSSIBLE CONFLICTS. THE ORGANIZATION REQUIRES EACH TRUSTEE TO UPDATE THE LISTS ANNUALLY. TRUSTEES HAVING A FINANCIAL INTEREST IN THE TRANSACTION AT HAND ARE NOT ALLOWED TO VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A COMPENSATION COMMITTEE. THE COMMITTEE HIRES A THIRD-PARTY EXPERT TO REVIEW, BENCHMARK, AND ASSIST IN THE NEGOTIATION OF THE HEAD'S CONTRACT. 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 ONLY. FORM 990, PART VI, SECTION A, LINE 9 THOMAS L. GOSSELIN, TRUSTEE, CANNOT BE REACHED AT THE ADDRESS LISTED. HE IS DECEASED. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -507,034. INTEREST RATE SWAP -1,340,769. TOTAL TO FORM 990, PART XI, LINE 5: -1,847,803.