2011-11-14T09:53:13-06:00 2011-06-30 BLUM SHAPIRO & COMPANY PC 1001 HINGHAM STREET ROCKLAND MA 02370 990 2010-07-01 042103636 WALNUT HILL SCHOOL FOR THE ARTS WALN 5086534312 12 HIGHLAND STREET NATICK MA 01760 LAURA RUTHERFORD 5086505015 2011-11-10 1 KEVIN T WHITE 7819821001 2011-11-10 2010 2016-03-07 17:11:31Z ANTONIO VIVA 12 HIGHLAND STREET NATICK MA 01760 18718646 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. 28 28 257 150 0 0 2051484 2002537 14168375 14874470 393113 581612 -93429 -40096 16519543 17418523 3023278 3185895 0 0 6196890 6531416 2858 4552 658917 5908782 6142938 15131808 15864801 1387735 1553722 44746012 48748438 21127147 21822237 23618865 26926201 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 7892805 3185895 11228225 INSTRUCTIONAL EXPENSES RELATED TO EDUCATING THE STUDENTS WHILE AT SCHOOL. THE SCHOOL ENROLLED APPROXIMATELY 307 STUDENTS DURING THE FALL AND SPRING SEMESTERS. 3204402 2756056 STUDENT ACTIVITIES, THEATER AND MUSIC PRODUCTIONS, TUTORING, DORM LIFE AND FOOD SERVICE AND STUDENT CLUBS. THE SCHOOL ENROLLED APPROXIMATELY 301 STUDENTS DURING THE FALL AND SPRING SEMESTERS. OF THE 307 STUDENTS, APPROXIMATELY 241 STUDENTS LIVED ON-CAMPUS. 1161679 890189 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 200 STUDENTS. 50192 OPERATION OF THE BOOKSTORE FOR THE STUDENTS. 50192 12258886 1 1 0 0 1 0 0 0 1 1 0 0 1 1 0 1 0 1 0 1 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 257 1 0 0 0 0 0 1 1 0 0 0 0 X 28 28 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 DANIEL L BERNSTEIN 5.00 X 0 0 0 CATHERINE T CHAN 5.00 X 0 0 0 MATAN CHOREV 5.00 X 0 0 0 JENNIFER CLAUDEL 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 HUGH GELCH 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 DAVID KIM 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 BIGELOW 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 AFA DWORKIN 5.00 X 0 0 0 ELIZABETH A WHEELER 5.00 X 0 0 0 ELIZABETH P MCCLENDON 10.00 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 LAURA RUTHERFORD 40.00 X 10667 0 1340 ANTONIO VIVA 40.00 X 81959 0 5158 SUSAN FUGLIESE 40.00 X 132589 0 3638 ROGER SHOEMAKER 40.00 X 104558 0 13541 329773 0 23677 2 0 0 0 FLIK (COMPASS GROUP USA) PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICE 1015182 CE FLOYD COMPANY INC 135 SOUTH ROAD BEDFORD MA 017302307 CONSTRUCTION 975126 TUFTS HEALTH PLAN PO BOX 9224 CHELSEA MA 021509224 HEALTH INSURANCE 459033 MATTHEW CONSTRUCTION COMPANY INC 4 MECHANIC STREET SUITE 102 NATICK MA 017603460 CONSTRUCTION 349477 AMERICAN EXPRESS PO BOX 1270 NEWARK NJ 071011270 CREDIT CARDS 334317 16 210876 1791661 1510 2002537 TUITION AND FEES 611600 13590932 13590932 SUMMER PROGRAMS 611600 890189 890189 STUDENT ACTIVITIES 611600 195256 195256 OTHER 611600 141013 141013 RENTAL - PROG. RELATED 611600 57080 57080 14874470 446921 446921 1124111 989420 134691 134691 134691 62200 210876 152488 -90288 -90288 208407 158215 50192 50192 17418523 14924662 0 491324 2865440 2865440 320455 320455 269019 269019 5288625 3794490 1097172 396963 162572 110861 38067 13644 386274 259666 97071 29537 424926 276202 114730 33994 14039 14039 47730 47730 4552 4552 26510 2538 23972 99232 40726 58506 209200 16203 144592 48405 197482 172644 24838 1747384 1446485 295848 5051 142287 39396 89159 13732 53308 23580 26600 3128 977047 830099 144701 2247 96681 62632 26591 7458 INSTRUCTIONAL PROGRAM E 894903 894903 STUDENT ACTIVITIES/AUXI 855718 855718 OTHER EXPENSE 350111 56126 218617 75368 SUMMER PROGRAM EXPENSE 249042 249042 TUTORING 68164 68164 114100 46160 67940 15864801 12258886 2946998 658917 4830735 2935262 5118792 3544514 1624088 1393431 70159 47110 52390 44925 757131 691156 32658531 12681340 18507814 19977191 8746091 13674792 2294740 2294740 2744072 4145317 44746012 48748438 571931 690381 5698503 6688890 12585000 12435000 42042 152454 2229671 1855512 21127147 21822237 X 11294096 12911686 4497112 4789984 7827657 9224531 23618865 26926201 44746012 48748438 X 1553722 1753614 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 40000 387336 0 0 10863832 3551995 1593705 -40000 15969532 5663623 4637757 595252 -32800 10863832 6248899 752267 -1304743 -32800 5663623 0.48560 0.32850 0.18590 0 0 101810 101810 29437023 10685482 18751541 2283707 1964903 318804 835991 30955 805036 19977191 PERPETUAL TRUST 3217895 ASSETS OF SPLIT INTEREST AGREEMENTS 927422 4145317 DUE TO LIFE BENEFICIARIES OF SPLIT INTEREST AGREEMENTS 53467 FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 1802045 1855512 17418523 15864801 1553722 1809816 -56202 1753614 3307336 16200659 1809816 -3185895 -1376079 17576738 -158215 -158215 17418523 12893323 214417 214417 12678906 3185895 3185895 15864801 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 -56,202. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -3,185,895. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE -158,215. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 158,215. UNREALIZED AND REALIZED LOSSES ON ON INTEREST RATE SWAP AGREMENT 56,202. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,185,895. 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 0 ASIA 0 0 RECRUITING FOR PROGRAM ENROLLMENT 20647 EUROPE 0 0 RECRUITING FOR PROGRAM ENROLLMENT 6747 SOUTH AMERICA 0 0 RECRUITING FOR PROGRAM ACTIVITIES 6985 ASIA 0 0 PROGRAM ACTIVITES STUDENT STUDY AND TRAVEL 19875 0 0 0 54254 0 54254 FINANCIAL AID EAST ASIA AND THE PACIFIC 14 209455 APPLIED TO STUDENT TUITION CHARGES FINANCIAL AID EUROPE 4 38000 APPLIED TO STUDENT TUITION CHARGES FINANCIAL AID NORTH AMERICA, CANADA, AND MEXICO 2 37000 APPLIED TO STUDENT TUITION CHARGES FINANCIAL AID SOUTH AMERICA 1 36000 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. OTHER INFORMATION SCHEDULE F, PART V SCHEDULE F, PART I, LINE 1: THERE IS NO FORMAL POLICY REGARDING MAINTAINING RECORDS OF AMOUNTS, ELIGIBILITY CRITERIA AND SELECTION CRITERIA FOR FINANCIAL AID AWARDED TO STUDENTS OUTSIDE THE UNITED STATES. HOWEVER, THE SCHOOL HAS BEGUN THE PROCESS OF DEVELOPING A COMPREHENSIVE FINANCIAL AID POLICY, WHICH WOULD INCLUDE AID TO STUDENTS OUTSIDE THE UNITED STATES. ANNUAL GALA 273076 210876 62200 72140 44685 700 34963 273076 210876 62200 72140 44685 700 34963 152488 -90288 1 FINANCIAL AID 122 2865440 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. MASSACHUSETTS STATE DEVELOPMENT FINANCE AGENCY 043438140 57583RE84 2006-10-12 6000000 TO ASSIST IN FINANCING THE NEW DORMITORY PROJECT 0 0 0 165000 6000000 187072 5812928 2008 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 MORGAN STANLEY 29.900000000000 0 0 0 NA 0 0 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, 2011, THE POLICY APPLIED ONLY TO TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES WILL DETERMINE COMPENSATION FOR HIGHLY COMPENSATED INDIVIDUALS, DEFINED ABOVE, 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 FISCAL YEAR 2011 FOR THE POSITIONS OF THE HEAD OF SCHOOL AND THE CFO. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,809,816. REALIZED AND UNREALIZED LOSSES ON INTEREST RATE SWAP -56,202. TOTAL TO FORM 990, PART XI, LINE 5: 1,753,614. DOCUMENT RETENTION AND DESTRUCTION POLICY: FORM 990, PART VI, SECTION B, LINE 14: A FORMAL DOCUMENT RETENTION AND DESTRUCTION POLICY IS CURRENTLY IN PROCESS AND IS EXPECTED TO BE APPROVED AND ADOPTED BY THE BOARD IN THE NEXT FISCAL YEAR.