2011-02-15T10:39:08-06:00 2010-06-30 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2009-07-01 060646687 KENT SCHOOL KENT 8609276046 PO BOX 2006 KENT CT 06757 THOMAS B SIDES 8609276046 2011-02-15 1 8605614000 2009 2016-02-24 21:20:13Z THOMAS B SIDES PO BOX 2006 KENT CT 06757 45608912 0 X WWW.KENT-SCHOOL.EDU X 1906 CT NON-PROFIT, INDEPENDENT, PREPATORY SCHOOL; EDUCATING APP. 500 BOARDING AND 50 DAY STUDENTS. 29 29 251 0 284634 0 7807526 2597853 24879990 26667362 2016821 1030687 160475 180657 34864812 30476559 6160157 6582754 0 13007807 12934229 114676 20000 1184140 14513143 10874099 33795783 30411082 1069029 65477 139195368 142329261 53052535 52056470 86142833 90272791 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 24321623 6582754 26382741 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. 24321623 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 1 1 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 1 78 0 1 251 1 1 1 1 UK 0 0 0 1 1 0 0 0 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THOMAS B SIDES BUSINESS MGR & CFO 8609276045 PO BOX 2006 KENT CT 067570640 RICHARDSON W SCHELL 60.00 X 323728 0 82493 THOMAS B SIDES 50.00 X 228950 0 36634 MARC CLOUTIER 50.00 X 121686 0 38350 JEFFREY D CATALDO 50.00 X 110475 0 20467 ADAM FISCHER 50.00 X 108944 0 56293 JOEL A DANISI 15.00 X 105217 0 17927 CATHERINE MAZZA 50.00 X 101615 0 32895 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 1.00 X 0 0 0 CATHLEEN P BLACK 1.00 X 0 0 0 ANDREW A BOGLE 1.00 X 0 0 0 FREDERIC A BOURKE III 1.00 X 0 0 0 THOMAS M BOYD 1.00 X 0 0 0 OWSLEY BROWN III 1.00 X 0 0 0 WILLIAM G CAREY 1.00 X 0 0 0 ALAN S S CHUANG 1.00 X 0 0 0 HILTON B CLARK 1.00 X 0 0 0 THOMAS CRAIG 1.00 X 0 0 0 SIR RICHARD B DEARLOVE 1.00 X 0 0 0 ANN B DICKINSON 1.00 X 0 0 0 ALICE C FRELINGHUYSEN 1.00 X 0 0 0 PETER W GETSINGER 1.00 X 0 0 0 THOMAS L HARRISON 1.00 X 0 0 0 ROBERT F HOERLE 1.00 X 0 0 0 POLLY D KETCHUM 1.00 X 0 0 0 HELEN M PARDOE 1.00 X 0 0 0 B WARING PARTRIDGE III 1.00 X 0 0 0 CHRISTOPHER N PERRY 1.00 X 0 0 0 WILLIAM PETTY 1.00 X 0 0 0 LORD JONATHAN ROTHMERMER 1.00 X 0 0 0 LYNN DOE SHIPWAY 1.00 X 0 0 0 REV E DON TAYLOR 1.00 X 0 0 0 MAGALEN CRANE WEBERT 1.00 X 0 0 0 BRUCE N WHITMAN 1.00 X 0 0 0 1100615 0 285059 7 0 1 0 MONTAGNO CONSTRUCTION 75 PROGRESS LANE WATERBURY CT 06705 CONSTRUCTION SERVICES 583894 ABM JANITORIAL SERVICES PO BOX 1534 NEW YORK NY 10008 CLEANING SERVICE 429628 SLAM PO BOX 12 BRATTLEBORO VT 05302 ARCHITECTS 427468 HARTY PRESS 25 JAMES STREET NEW HAVEN CT 06513 PRINTING SERVICES 174765 SPATH BJORKLUND 593 MAIN STREET MONROE CT 06468 ENGINEER 123780 6 13985 7310 2576558 179083 2597853 TUITION & RELATED SERV 611710 25586657 25586657 OTHER PROGRAM RELATED 611710 796084 796084 SUMMER RENTAL INCOME 531190 221321 221321 MEMBERSHIP DUES 713940 63300 63300 26667362 1122137 13 1122124 14190539 14281989 -91450 -91450 -91450 73466 13985 27760 45706 45706 957555 822604 134951 134951 30476559 26382741 284634 1211331 6582754 6582754 849119 175430 457730 215959 9040809 6894610 1682892 463307 1531039 611925 848083 71031 837682 342253 459043 36386 675580 263476 371569 40535 5394 5394 47152 47152 61804 61804 20000 20000 10363 10363 29043 29043 1134231 814888 224799 94544 141616 90019 14655 36942 2417524 2417524 325379 124703 160889 39787 27439 27439 941058 941058 2689035 2527693 134452 26890 176745 176745 EQUIP. RENTAL & MAINT. 805404 670986 134418 FOOD 497404 497404 COMPUTER EXPENSE 445016 445016 SUMMER PROGRAM EXPENSES 145325 145325 PROFESSIONAL FEES 92643 92643 881524 683916 86288 111320 30411082 24321623 4905319 1184140 15483337 12775801 13148485 11436151 6174478 7829292 185356 182203 3403464 3779578 90991955 40993779 50688031 49998176 33239556 37302739 15910229 18112495 962432 912826 139195368 142329261 2326488 2057304 16767876 17596120 29808900 28617749 4149271 3785297 53052535 52056470 X 33464071 36784378 14135735 14554800 38543027 38933613 86142833 90272791 139195368 142329261 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52329235 814066 4564585 3794368 53913518 65861541 1890094 -11315041 4107359 52329235 0.27000 0.70000 0.03000 0 0 705347 705347 71450209 27109075 44341134 7117107 5521393 1595714 10341986 8363311 1978675 1377306 1377306 49998176 ALTERNATIVE INVESTMENTS 17718495 F REAL ESTATE 394000 C 18112495 ACCRUED PENSION EXPENSE 2998526 FUTURE INTEREST IN POOLED INCOME FUND 418099 LIABILITY UNDER SPLIT INTEREST AGREEMENTS 368672 3785297 30476559 30411082 65477 4064439 42 4064481 4129958 28780848 4064439 -6582754 -2518315 31299163 -822604 -822604 30476559 24650890 822604 822604 23828286 6582796 6582796 30411082 Part V, Line 4: Description of Intended Use of Endowment Funds: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO SUPPORT THE SCHOOL'S MISSION. Part XI, Line 8 - Other Adjustments: MISCELLANEOUS: 42. Part XII, Line 2d - Other Adjustments: FINANCIAL AID: -6582754. Part XII, Line 4b - Other Adjustments: COGS: -822604. Part XIII, Line 2d - Other Adjustments: COGS: 822604. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID: 6582754. MISCELLANEOUS: 42. 1 1 1 A NOTICE OF OUR NONDISCRIMINATORY POLICY AS TO STUDENTS WAS PUBLISHED IN THE HARTFORD COURANT 1 1 1 1 0 0 0 0 0 0 0 0 1 0 KENT SCHOOL RECEIVES A GRANT FROM THE REGION 1 SCHOOL DISTRICT. 1 X X X X X X 1 LUCIE GADENNE CONSULTING 0 0 20000 0 20000 AUCTION 87451 13985 73466 3000 17380 7380 87451 13985 73466 3000 17380 7380 27760 45706 1 STUDENT FINANCIAL AID 206 6582754 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 323728 0 0 0 0 0 59384 0 23109 0 406221 0 0 0 THOMAS B SIDES 228950 0 0 0 0 0 25657 0 10977 0 265584 0 0 0 MARC CLOUTIER 121686 0 0 0 0 0 13805 0 24545 0 160036 0 0 0 ADAM FISCHER 108944 0 0 0 0 0 12610 0 43683 0 165237 0 0 0 Part I, Line 1a BUSINESS CLASS TRAVEL IS PROVIDED FOR THE HEADMASTER AND ASSISTANT SECRETARY ON CERTAIN EUROPEAN AND AISAN 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 060646687 20774LJ97 2004-10-06 21725000 REFUND EXISTING DEBT 0 0 CHEFA 060646687 20774UN35 2008-12-17 10155000 REFUND EXISTING DEBT & CONSTRUCTION 0 0 22696867 22228726 468141 2004 0 1 1 1 10155000 9200000 254637 700363 2009 0 1 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 TINA CLOUTIER SPOUSE OF AN OFFICER 55250 EMPLOYMENT 0 X 26 149083 FMV X HORSES 2 30000 APPRAISAL 2 0 1 0 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, THE FORM 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. SCHEDULE L, PART IV BUSINESS TRANSACTION INVOLVING INTERESTED PERSONS: EMPLOYMENT OF INTERESTED PERSONS IS REVIEWED AND APPROVED AS APPROPRIATE BASED ON THE INDIVIDUAL'S ABILITY TO PERFORM THE JOB. PART VII, SECTION A COMPENSATION: 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.