2011-05-11T10:40:16-05:00 2010-06-30 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2009-07-01 060733693 GREENS FARMS ACADEMY INC GREE 2032567543 35 BEACHSIDE AVENUE PO BOX 998 GREENS FARMS CT 068380998 RUSSELL FRIEDSON 2032567543 2011-05-10 1 8605614000 2009 2016-02-24 21:20:13Z RUSSELL FRIEDSON 35 BEACHSIDE AVENUE GREENS FARMS CT 06838 35386012 0 X WWW.GFACADEMY.ORG X 1925 CT TO EDUCATE STUDENTS TO BECOME CRITICAL, INDEPENDENT THINKERS AND ENCOURAGE THEIR PASSIONS THAT WILL SUSTAIN THEM TO BECOME LIFE-LONG LEARNERS. WE TEACH RESPECT FOR DIFFERENCES AND ENCOURAGE COMMUNITY SERVICE. 23 22 324 865 0 0 3395184 4254090 20501097 21200805 -1345971 688586 47431 88964 22597741 26232445 1938478 2193170 0 12212597 12700927 21200 0 974815 7645144 7510429 21817419 22404526 780322 3827919 81145936 88080083 22276768 23179478 58869168 64900605 TO EDUCATE STUDENTS TO BECOME CRITICAL, INDEPEDENT THINKERS AND ENCOURAGE THEIR PASSIONS THAT WILL SUSTAIN THEM TO BECOME LIFE-LONG LEARNERS. WE TEACH REPSECT FOR DIFFERENCES AND ENCOURAGE COMMUNITY SERVICE. 0 0 19460006 2178401 20943987 EDUCATING STUDENTS IN GRADES K THROUGH TWELVE IN ACADEMICS, ATHLETICS, AND THE ARTS. 496177 2855 HORIZONS AT GFA - AN ACADEMIC ENRICHMENT PROGRAM FOR UNDERSERVED YOUTH FROM NEARBY BRIDGEPORT. INTERACTIVE SUMMER PROGRAM FOR SIX WEEKS, AND THEN TEN SATURDAY MORNINGS IN THE SPRING AND FALL. 202860 264013 SUMMER PROGRAMS - OFFERED AS A COMBINATION OF ACADEMIC COURSE AND SUMMER ENRICHMENT PROGRAMS INCLUDING A TRADITIONAL DAY CAMP. 20159043 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 100 0 1 324 1 0 0 0 0 0 1 1 0 0 0 23 22 1 1 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 X RUSSELL FRIEDSON GREENS FARMS ACADEMY INC 2032567543 35 BEACHSIDE AVENUE GREENS FARMS CT 06838 DEIRDRE DALY 2.00 X X 0 0 0 JILL BIRINYI 2.00 X X 0 0 0 ROGER TARIKA 2.00 X X 0 0 0 HOLLY BANNISTER MD 2.00 X X 0 0 0 JERRY SCHENDEL 2.00 X X 0 0 0 MICHAEL BERMAN 2.00 X 0 0 0 ROBERTA CONROY 2.00 X 0 0 0 DAVID MURPHY 2.00 X 0 0 0 VINCENT D'AGOSTINO 2.00 X 0 0 0 KARA BOHNSACK 2.00 X 0 0 0 ANITA GUPTA 2.00 X 0 0 0 LORI HASHIZUME 2.00 X 0 0 0 MOIRA HINTSA 2.00 X 0 0 0 TERRY HOGAN 2.00 X 0 0 0 STEPHEN LAWRENCE 2.00 X 0 0 0 MARTHA LORD 2.00 X 0 0 0 DAVID MCKANE 2.00 X 0 0 0 TRICIA VANACORE 2.00 X 0 0 0 SHERRON VELEZ 2.00 X 0 0 0 ANDREW WHITTAKER 2.00 X 0 0 0 AMER NIMR 2.00 X 0 0 0 JEFF NIXON 2.00 X 0 0 0 SARA JUDGE MCCALPIN 2.00 X 0 0 0 JANET HARTWELL 40.00 X 281555 0 87196 RUSSELL FRIEDSON 40.00 X 140441 0 67426 CONSTANCE SHAPIRO 40.00 X 125239 0 25500 LYNNE LAUKHUF 40.00 X 124276 0 14975 MANDY ARGENIO 40.00 X 123592 0 50100 CATHERINE SCHLOSSER 40.00 X 107255 0 16204 PATIENCE FANELLA 40.00 X 105701 0 14226 1008059 0 275627 9 0 1 0 PLAZA DESIGN LLC 1771 POST ROAD EAST 203 WESTPORT CT 06880 DESIGN/PHOTOGRAPHY & PRINTING 181194 1 188338 4065752 260880 4254090 TUITION & FEES 611110 20509629 20509629 SUMMER SCHOOL TUITION 611110 264013 264013 TRANSPORTATION FEES 480000 250662 250662 STUDENT ACTIVITIES 611710 149331 149331 YEARBOOK SALES 611710 27170 27170 21200805 628879 628879 65497 11201 54296 54296 54296 8970504 8910797 59707 59707 59707 256187 188338 231569 24618 24618 OTHER INCOME 900099 10050 10050 10050 26232445 21210855 0 767500 14769 14769 2178401 2178401 563611 563611 8989330 8288035 177613 523682 683344 612873 41007 29464 1698687 1523508 101937 73242 765955 664535 59431 41989 11911 11911 35500 35500 370038 156855 166038 47145 191497 8735 182762 520024 494287 8145 17592 258550 258550 2204458 2152590 45534 6334 192931 192931 79732 45261 2334 32137 1525861 1495344 30517 72076 70634 1442 STUDENT ACTIVITIES 555822 555822 HORIZONS PROGRAM 496177 496177 DINING ROOM 489685 489685 ATHLETICS 298985 298985 MISC. 69493 46540 22953 137689 114526 2695 20468 22404526 20159043 1270668 974815 78311 88911 11789171 14354576 2465785 2544931 8613 23636 311954 311134 54435139 10839115 42230056 43596024 20601626 22546486 3660420 4614385 81145936 88080083 4052692 4694945 7321948 7878420 10902128 10606113 22276768 23179478 X 52344282 57561553 3406579 4037842 3118307 3301210 58869168 64900605 81145936 88080083 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23239432 3523390 3177581 4594197 25346206 26371419 1901005 -4817809 -215183 23239432 0.85240 0.10470 0.04290 0 0 3047131 3047131 47325390 9864542 37460848 1695316 927098 768218 2367302 47475 2319827 43596024 ALTERNATIVE INVESTMENTS 4614385 F 4614385 26232445 22404526 3827919 2678772 -475254 2203518 6031437 27044550 2678772 -2109437 569335 26475215 -242770 -242770 26232445 21013113 718024 718024 20295089 2109437 2109437 22404526 Part V, Line 4: Description of Intended Use of Endowment Funds: THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE SUPPORT FOR GREENS FARMS ACADEMY AND ITS MISSION OVER THE LONG TERM. Part XI, Line 8 - Other Adjustments: UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENTS: -475254. Part XII, Line 2d - Other Adjustments: SCHOLARSHIPS: -2109437. Part XII, Line 4b - Other Adjustments: RENTAL EXPENSES: -11201. PARENTS ASSOCIATION EXPENSE: -169441. FUNDRAISING EXPENSE: -62128. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES: 11201. PARENTS ASSOCIATION EXPENSE: 169441. FUNDRAISING EXPENSE: 62128. UNREALIZED LOSS ON INTEREST RATE SWAP: 475254. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIPS: 2109437. 1 1 1 THE SCHOOL ADVERTISES THROUGH ITS BROCHURE WHICH INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY. THE SCHOOL ALSO ADVERTISES ITS RACIALLY NONDISCRIMINATORY POLICY IN THE NEW YORK TIMES EACH YEAR. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 HORIZONS GOLF 180160 130970 49190 3400 38724 7066 HORIZONS FALL 52715 39777 12938 8569 4369 4 60392 17591 42801 3282 29627 293267 188338 104929 3400 50575 41062 95037 9892 1 X FINANCIAL AID 97 2178401 FMV FINANCIAL AID IS PROVIDED THROUGH TUITION REDUCTION. OTHER ASSISTANCE INCLUDES BOOKS, TRANSPORTATION, REQUIRED TRIPS, REQUIRED ATHLETIC UNIFORMS, MOUTHGUARDS & FEES, COLLEGE GUIDANCE FEES, USE OF LAPTOPS, YEARBOOKS, PROMS, CLASS PHOTOS (LOWER SCHOOL) & TUITION MANAGEMENT SYSTEMS PAYMENT PLAN PROCESSING FEE. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JANET HARTWELL 281555 0 0 0 0 0 20635 0 66561 0 368751 0 0 0 RUSSELL FRIEDSON 140441 0 0 0 0 0 11448 0 55978 0 207867 0 0 0 CONSTANCE SHAPIRO 125239 0 0 0 0 0 9525 0 15975 0 150739 0 0 0 MANDY ARGENIO 123592 0 0 0 0 0 8621 0 41479 0 173692 0 0 0 Part I, Line 1a THE HEAD OF SCHOOL IS PROVIDED WITH A RESIDENCE FOR PERSONAL AND BUSINESS USE. THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS, AND HOSTS EVENTS OPEN TO FACULTY, STUDENTS, AND CONSTITUENTS ON AVERAGE ONCE A WEEK. VARIOUS 83413 X 19 242946 MARKET VALUE X VARIOUS GOODS 8 17934 DONOR APPRAISAL 0 0 1 0 Form 990, Part VI, Section A, line 2 SOME TRUSTEES HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER. Form 990, Part VI, Section A, line 3 THE ACADEMY DELEGATES CONTROL OVER MANAGEMENT DUTIES IN REGARDS TO ITS OUTSOURCED FOOD SERVICE, ALTHOUGH THIS DOES NOT RELATE TO ITS CORE BUSINESS OF EDUCATION. Form 990, Part VI, Section A, line 8b NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Section B, line 11 GFA'S FORM 990 FILING AND DISTRIBUTION POLICY: 1. THE BUSINESS OFFICE WILL GATHER THE INFORMATION REQUESTED BY THE SCHOOL'S AUDITORS NEEDED TO COMPLETE THE FORM. INFORMATION WILL BE GATHERED AND/OR CONFIRMED FROM ALL RELEVANT AREAS OF THE SCHOOL, INCLUDING: BUSINESS OFFICE, ADMISSIONS, FINANCIAL AID, DEVELOPMENT, AND PROGRAM. 2. THE INITIAL DRAFT OF THE FORM WILL BE PREPARED BY THE SCHOOL'S AUDITORS. 3. THE CFO/COO AND CONTROLLER WILL REVIEW THE DRAFT FORM AND HAVE ANY INITIAL CORRECTIONS/CHANGES MADE. 4. AFTER INITIAL CORRECTIONS, IF ANY, A PROPOSED FINAL DRAFT WILL BE REVIEWED BY THE TREASURER, HEAD OF SCHOOL, CFO, AND CONTROLLER. ONCE APPROVED AS IS (OR WITH CORRECTIONS) THE FORM WILL BE FILED WITH THE IRS. THIS REVIEW WILL INCLUDE ALL SCHEDULES, INCLUDING SCHEDULE B - SCHEDULE OF CONTRIBUTORS. 5. AFTER FILING, A COPY OF THE FORM, EXCLUDING THE NAMES AND ADDRESSES OF CONTRIBUTORS, WILL BE DISTRIBUTED TO THE EXECUTIVE COMMITTEE. 6. THE SCHOOL WILL MAKE A COPY OF THE FORM, EXCLUDING THE NAMES AND ADDRESSES OF CONTRIBUTORS, AVAILABLE TO ALL OTHERS UPON REQUEST. Form 990, Part VI, Section B, line 12c ANNUALLY, EACH TRUSTEE, OFFICER AND MEMBERS OF A COMMITTEE WITH POWERS DELEGATED BY THE GOVERNING BOARD SHALL SIGN A STATEMENT THAT AFFIRMS: THEY HAVE RECEIVED A COPY OF THE COI POLICY, HAVE READ AND UNDERSTOOD THE POLICY, HAVE AGREED TO COMPLY WITH THE POLICY, AND UNDERSTAND THAT THE SCHOOL IS CHARITABLE, AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PERIODIC REVIEWS ARE COMPLETED TO DETERMINE, AT A MINIMUM: WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON A COMPETENT SURVEY INFORMATION, AND THE RESULT OF THE ARM'S LENGTH BARGAINING, AND WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE SCHOOL'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES, AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT, OR AN EXCESS BENEFIT TRANSACTION. Form 990, Part VI, Section B, line 15a THE COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY THE EXECUTIVE COMMITTEE USING COMPARABLE COMPENSATION DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE BOARD APPROVES AGGREGATE INCREASES. THE HEAD OF SCHOOL IS PROVIDED COMPARABLE DATA. THE HEAD OF SCHOOL REVIEWS DATA AND MAKES A DETERMINATION FOR ALL COMPENSATION OTHER THAN HER OWN, WITHIN OVERALL COMPENSATION PARAMETERS SET BY THE BOARD. Form 990, Part VI, Section C, line 19 THE ACADEMY MAKES THE FORM 990 AVAILABLE UPON REQUEST AT THE ACADEMY'S PLACE OF BUSINESS. THE ACADEMY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. PART XI, LINE 2C: THE PROCESS OF OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.