2011-05-10T11:08:24-05:00 2010-06-30 Tracy E Fillow CPA 23 South Main St PO Box 799 Kent CT 06757 990 2009-07-01 060726595 MARVELWOOD SCHOOL Inc MARV 8609275316 476 SKIFF MT RD PO BOX 3001 KENT CT 067573001 ANN BRENNAN 8609275316 2011-05-02 1 Tracy E Fillow CPA 8609274848 2011-04-28 X 2009 2016-02-24 21:20:13Z SCOTT POTTBECKER 476 SKIFF MOUNTAIN ROAD KENT CT 06757 9874399 0 X WWW.MARVELWOOD.ORG X 1956 CT Marvelwood is a boarding school providing college-preparatory education to approx. 180 students. 17 17 104 25 179291 0 326458 438811 8369430 8640362 -173281 38953 230128 264715 8752735 9382841 693370 863020 0 3437002 3575514 0 273427 4237835 4246326 8368207 8684860 384528 697981 14856947 14906076 9921894 9436242 4935053 5469834 Marvelwood's mission is to provide the path that leads topersonal growth and academic success for young peoplewilling to get involved in their own education andcommitted to the challenge of preparing for college.The School is an optimistic place that provides a structured,supportive and challenging environment, celebrates diversity,and awakens untapped potential. 0 0 6850154 862500 8611786 MARVELWOOD PROVIDES SECONDARY SCHOOL EDUCATION TO APPROXIMATELY 180, PRIMARILY BOARDING, STUDENTS. NONACADEMIC PROGRAMS INCLUDE WEEKLY COMMUNITY SERVICE, VISUAL AND PERFORMING ARTS ELECTIVES AND INTERSCHOLASTIC AND NONCOMPETITIVE SPORTS. THE SCHOOL PROVIDES A STRUCTURED, SUPPORTIVE AND CHALLENGING ENVIRONMENT, FOR COLLEGE PREPARATORY EDUCATION. 77711 520 52800 MARVELWOOD OFFERS TWO SUMMER PROGRAMS. THE ACADEMIC AND LEADERSHIP PROGRAM IS FOUR WEEKS OF ACADEMIC INSTRUCTION, SUPPLEMENTED WITH AFTERNOON LEADERSHIP SEMINARS AND ARTISTIC OPTIONS. THE ENGLISH LANGUAGE LEARNERS' PROGRAM OFFERS TWO WEEKS OF INTENSIVE ENGLISH LANGUAGE INSTRUCTION, WITH CULTURAL IMMERSION ACTIVITIES IN THE AFTERNOONS. DURING THE SUMMER OF 2009 THERE WERE APPROXIMATELY 11 STUDENTS WHO BENEFITTED FROM THESE PROGRAMS. MARVELWOOD SUMMER PROGRAM PARTICIPANTS RETURN TO THEIR HOME SCHOOLS WITH A STRONG SENSE OF ACCOMPLISHMENT, A WEALTH OF STRATEGIES FOR CONTINUED SUCCESS, AND A RENEWED SENSE OF CONFIDENCE IN THEMSELVES AND THEIR ABILITIES. 6927865 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 82 0 104 1 1 1 0 0 0 0 0 0 0 0 0 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 1 0 0 X ANN BRENNAN 8609275316 476 SKIFF MOUNTAIN ROAD KENT CT 06757 ALFRED C BROOKS 2.00 X X 0 0 0 WILLIAM J EDWARDS 2.00 X X 0 0 0 JAMES R SAMARTINI 2.00 X X 0 0 0 THOMAS H C PATTERSON 2.00 X 0 0 0 MARY BAINBRIDGE 2.00 X 0 0 0 MARK BODEN 2.00 X 0 0 0 TED BOHNEN 2.00 X 0 0 0 JOHN REYHAN 2.00 X 0 0 0 SARAH D'AGOSTINO CHRISTENSEN 2.00 X 0 0 0 THOMAS ADAMS 2.00 X 0 0 0 JAMES T SWANSON 2.00 X 0 0 0 DAVID YARNELL 2.00 X 0 0 0 PETER GROSSMAN 2.00 X 0 0 0 ROBERT BASCHE 2.00 X 0 0 0 MARK ESPOSITO 2.00 X 0 0 0 ANTHONY O'MALLEY 2.00 X 0 0 0 MICHELLE GORMAN 2.00 X 0 0 0 SCOTT POTTBECKER 40.00 X 145236 0 31730 145236 0 31730 1 0 1 0 PREFERRED MAINTENANCE LLC 40 SOUTH END PLAZA NEW MILFORD CT 06776 HOUSEKEEPING 151858 1 264 438547 9440 438811 TUITION & FEES 900099 8587562 8587562 SUMMER PROGRAM TUITION 900099 52800 52800 8640362 49521 49521 311624 322192 -10568 -10568 -10568 13327 9280 4047 4047 217239 160086 57153 57153 FACILITY RENTAL 721000 179291 179291 INSURANCE BENEFIT 900099 17723 17723 FINANCE CHARGE 900099 3649 3649 2852 2852 203515 9382841 8664586 179291 100153 644020 644020 219000 219000 145008 145008 2775815 2123698 535031 117086 99976 57888 36174 5914 327887 265235 56329 6323 226828 169252 48551 9025 14257 14257 23750 23750 10376 10376 106527 23937 82590 63278 63278 156830 57718 57259 41853 92340 71714 13120 7506 1324840 1232101 66242 26497 172762 93508 73299 5955 6449 5998 322 129 558426 489066 58842 10518 193021 190329 1923 769 FOOD & KITCHEN SERVICES 571524 531518 28576 11430 FIELD TRIPS&RECREATION 355091 355091 TEACHING MATERIALS 95504 95504 OUTSIDE SERVICES 93679 12554 76845 4280 MEDICAL EXPENSE 87064 87064 320608 202670 91796 26142 8684860 6927865 1483568 273427 42982 5947 2622207 3176647 89384 7264 34423 6391 89137 77356 93891 97493 13971278 3918280 10262665 10052998 958531 1081185 663727 400795 14856947 14906076 159095 207822 3512551 3348510 4221147 1364080 5636214 665021 243696 9921894 9436242 X 3596445 3983365 203450 345754 1135158 1140715 4935053 5469834 14856947 14906076 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1274856 48846 128569 1128 28568 1422575 1535787 11410 -230094 1466 40781 1274856 0.20000 0.80000 0.00000 0 0 810000 810000 10209876 2041433 8168443 2100573 1610386 490187 850829 266461 584368 10052998 STUDENT MISC. ACCOUNTS-CREDITS 235696 RESERVE FOR HEALTH INS. DEDUCTIBLES 8000 243696 9382841 8684860 697981 103159 -266359 -163200 534781 9660923 103159 174923 278082 9382841 0 9382841 9126142 271916 169366 441282 8684860 0 8684860 Part V, Line 4: Description of Intended Use of Endowment Funds: MARVELWOOD HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ARE INTENDED TO PROVIDE AT LEAST A 5% RETURN TO OPERATIONS OF THE SCHOOL. THESE ENDOWMENT EARNINGS ARE RESTRICTED FOR FACULTY SALARIES, SCHOLARSHIPS, STUDENT RECREATION AND SUPPORT, AS WELL AS, THE GENERAL OPERATIONS OF THE SCHOOL. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT - 15,145 CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 5,557 NON OPERATING LOSS - DEBT RETIREMENT -256,771 TOTAL -266,359 PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 9,280 COST OF GOODS SOLD 160,086 CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 5,557 TOTAL 174,923 PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 160,086 SPECIAL EVENTS EXPENSE 9,280 TOTAL 169,366 1 1 1 THE FOLLOWING STATEMENT WAS PUBLISHED IN THE HARTFORD CURRENT NEWSPAPER ON NOVEMBER 11,2009: "THE SCHOOLS LISTED BELOW(INCLUDING MARVELWOOD SCHOOL) ADMIT STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. THEY DO NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES ADDMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS." 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE SCHOOL RECEIVED A REIMBURSEMENT TYPE GRANT FROM THE REGION 1 REGIONAL SCHOOL SERVICES CENTER. THIS GRANT WAS USED FOR AN ANTI-SMOKING CLASS. THE TOTAL RECEIVED FOR THE YEAR ENDED JUNE 30, 2010 WAS $264. 1 1 0 0 0 FINANCIAL AID TO ATTEND MARVELWOOD SCHOOL EAST ASIA AND THE PACIFIC 6 68000 DOLLAR FOR DOLLAR REDUCTION IN TUITION FMV FINANCIAL AID TO ATTEND MARVELWOOD SCHOOL CENTRAL AMERICA AND THE CARIBBEAN 3 96000 DOLLAR FOR DOLLAR REDUCTION IN TUITION FMV FINANCIAL AID TO ATTEND MARVELWOOD SCHOOL SUB-SAHARAN AFRICA 1 35000 DOLLAR FOR DOLLAR REDUCTION IN TUITION FMV FINANCIAL AID TO ATTEND MARVELWOOD SCHOOL EUROPE 1 20000 DOLLAR FOR DOLLAR REDUCTION IN TUITION FMV Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: MARVELWOOD SCHOOL AWARDS FINANCIAL AID BASED ON FINANCIAL NEED. THE SCHOOL USES AN OBJECTIVE METHODOLOGY PROVIDED BY AN INDEPENDENT SERVICE FOR CALCULATING A FAMILY'S ABILITY TO CONTRIBUTE TO EDUCATION EXPENSES. FINANCIAL AID IS AWARDED ANNUALLY FOR ONE YEAR, THEREFORE, FINANCIAL AID REQUESTS MUST BE MADE EACH YEAR. FINANCIAL AID IS A DOLLAR FOR DOLLAR REDUCTION IN TUITION; NO CASH IS DISTRIBUTED. THEREFORE, IT IS NOT NECESSARY FOR THE SCHOOL TO MONITOR THE AWARD TO ENSURE PROPER USE. 1 FINANCIAL AID TO STUDENTS ATTENDING MARVELWOOD SCHOOL 37 644020 FAIR MARKET VALUE DOLLAR FOR DOLLAR REDUCTION OF TUITION AND FEES. Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: MARVELWOOD SCHOOL AWARDS FINANCIAL AID BASED ON FINANCIAL NEED. THE SCHOOL USES AN OBJECTIVE METHODOLOGY PROVIDED BY AN INDEPENDENT SERVICE FOR CALCULATING A FAMILY'S ABILITY TO CONTRIBUTE TO EDUCATION EXPENSES. FINANCIAL AID IS AWARDED ANNUALLY FOR ONE YEAR, THEREFORE, FINANCIAL AID REQUESTS MUST BE MADE EACH YEAR. FINANCIAL AID IS A DOLLAR FOR DOLLAR REDUCTION IN TUITION; NO CASH IS DISTRIBUTED. THEREFORE, IT IS NOT NECESSARY FOR THE SCHOOL TO MONITOR THE AWARD TO ENSURE PROPER USE. X 1 1 X X 0 0 0 0 0 0 0 0 0 SCOTT POTTBECKER 145236 0 0 0 0 0 7250 0 24480 0 176966 0 0 0 Form 990, Part VI, Section B, line 11 THE ORGANIZATION'S POLICY IS TO HAVE FORM 990 REVIEWED BY THE BOARD TREASURER OR CHAIRMAN, BY THE CEO/HEADMASTER AND BY THE BUSINESS MANAGER PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, line 12 THE ORGANIZATION'S CONFLICT OF INTEREST POLICY STATES THAT ALL TRUSTEES MUST DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTERST AT THE EARLIEST PRACTICABLE TIME AND THAT NO TRUSTEE SHALL PARTICIPATE IN DISCUSSIONS AND DELIBERATIONS OR VOTE ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. Form 990, Part VI, Section B, line 15a COMPENSATION OF THE ORGANIZATION'S CEO/HEADMASTER IS EVALUATED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE OBTAINS WRITTEN EVALUATIONS OF THE HEADMASTER FROM SOME EMPLOYEES AND MOST BOARD MEMBERS. THESE EVALUATIONS ARE EXAMINED AND SUMMARIZED TO ASSIST IN ASSESSING CEO PERFORMANCE. PERIODICALLY, THE COMMITTEE OBTAINS COMPARATIVE SALARY AND BENEFIT INFORMATION FROM OTHER AREA SCHOOLS AND FROM INDUSTRY, RESEARCH AND PRIVATE RESOURCES FOR THE PURPOSE OF ESTIMATING A REASONABLE COMPENSATION FRAMEWORK. FINALLY, THE EXECUTIVE COMMITTEE DELIBERATES, MAKES ITS DECISION AND RECOMMENDS TO THE FULL BOARD ANY CHANGES TO THE COMPENSATION PACKAGE. THE DECISION IS DOCUMENTED EACH YEAR BY LETTER. ON SEVERAL OCCASIONS, THE BOARD OF TRUSTEES HAS OBTAINED THE SERVICES OF A PAID CONSULTANT TO ASSIST IN THE EVALUATION OF THE CEO/HEADMASTER'S PERFORMANCE AND COMPENSATION. THERE ARE NO OTHER COMPENSATED INDIVIDUALS WHOSE COMPENSATION LEVEL AND RESPONSIBILITIES RISE TO THE DEFINITION OF OFFICER OR KEY EMPLOYEE. Form 990, Part VI, Section C, line 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.