2011-02-12T14:02:35-06:00 2010-06-30 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2009-07-01 221500475 Blair Academy BLAI 9083626121 PO BOX 600 Blairstown NJ 07825 JAMES FRICK 9083626121 2011-02-12 1 MARTIN MAUCH 2159798800 2011-02-12 2009 2016-02-24 21:20:13Z T CHANDLER HARDWICK PO BOX 600 Blairstown NJ 07825 36393845 0 X WWW.BLAIR.EDU X 1848 NJ BLAIR ACADEMY SEEKS TO ENROLL TALENTED YOUNG MEN AND WOMEN FROM DIVERSE BACKGROUNDS. IN A RESIDENTIAL SETTING, BLAIR ACADEMY IS COMMITTED TO PROVIDE A LIBERAL EDUCATION AND TO PROMOTE THE DEVELOPMENT OF PERSONAL AND INTELLECTUAL DISCIPLINE AS PREPARATION FOR CONTINUED STUDY AT SELECTIVE COLLEGES AND FOR A LIFE OF RESPONSIBLILTY AND SERVICE. 32 31 217 128 545666 -180480 8027395 5877854 18245193 19305680 -3945903 1474368 580136 576131 22906821 27234033 3515125 3588502 0 10377511 10722404 0 1931400 10111534 10068005 24004170 24378911 -1097349 2855122 120117394 127857318 27666412 28450088 92450982 99407230 BLAIR ACADEMY IS A COEDUCATIONAL BOARDING SCHOOL LOCATED 65 MILES WEST OF NEW YORK CITY IN THE FOOTHILLS OF THE POCONO MOUNTAINS. IN ITS 163RD YEAR, BLAIR CONTINUES TO OFFER A SUPERIOR ACADEMIC COLLEGE-PREPARATORY PROGRAM WHILE HOLDING FIRMLY TO ITS TRADITION OF BEING A COMMUNITY FULLY FOCUSED ON THE DEVELOPMENT OF EACH INDIVIDUAL STUDENT. IN THIS ENVIRONMENT, STUDENTS LEARN TO ADVOCATE FOR THEMSELVES, BECOME SERVICE-MINDED, AND DEVELOP THE LEADERSHIP SKILLS NECESSARY FOR SUCCESS IN COLLEGE AND BEYOND. 0 0 20797670 3588502 19305680 Private Co-educational Boarding secondary school 20797670 1 1 0 0 0 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 54 0 1 217 1 1 1 0 0 0 0 0 0 32 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X James A Frick 9083626121 Blair Academy blairstown NJ 07825 JAMES P JENKINS 5.00 X X 0 0 0 WM MITCHELL JENNINGS J 5.00 X X 0 0 0 ANNE E CRAMER 5.00 X X 0 0 0 JOHN E ALDEN JR 5.00 X 0 0 0 DR STEPHANIE M BENNETT 5.00 X 0 0 0 JOHN C BOGLE 5.00 X 0 0 0 JAMES H CHESTNUTT 5.00 X 0 0 0 KEVIN L CLAYTON 5.00 X 0 0 0 WAYNER P CROWDER 5.00 X 0 0 0 ANTHONY F DADDINO 5.00 X 0 0 0 CRAIG U DANA SR 5.00 X 0 0 0 ROBERT C DUGHI 5.00 X 0 0 0 JORDAN M EHMANN 5.00 X 0 0 0 MRS CLEMENT A FUREY J 5.00 X 0 0 0 AISHA D GAYLE 5.00 X 0 0 0 RICHARD R GRABER 5.00 X 0 0 0 MADISON GROSE 5.00 X 0 0 0 REV DAVID G HARVEY 5.00 X 0 0 0 DR J BROOKS HOFFMAN 5.00 X 0 0 0 HYUN SEOK HWANG 5.00 X 0 0 0 REV SHERRY KARASIK 5.00 X 0 0 0 CAROL R KIMMELMAN 5.00 X 0 0 0 JOEL A KOBERT 5.00 X 0 0 0 JAMES D KRUGMAN 5.00 X 0 0 0 JOHN H LEWIS JR 5.00 X 0 0 0 MARIANNE LIEBERMAN 5.00 X 0 0 0 G DAVID MACEWEN 5.00 X 0 0 0 STACEY W MCCONNELL 5.00 X 0 0 0 DONALD H MCCREE JR 5.00 X 0 0 0 MARK D MOON 5.00 X 0 0 0 ROBERT A NEFF 5.00 X 0 0 0 KEITH H RAUSCHENBACH 5.00 X 0 0 0 DOMINICK J ROMANO 5.00 X 0 0 0 DOMINICK V ROMANO 5.00 X 0 0 0 MICHAEL S RULLE 5.00 X 0 0 0 ERIK O RYD 5.00 X 0 0 0 DAVID D WAKEFIELD 5.00 X X 0 0 0 W JEFFREY SEUBEL 5.00 X 0 0 0 HERBERT J SIEGEL 5.00 X 0 0 0 ROBERT G SIGETY 5.00 X 0 0 0 ALEXANDER J SLOANE 5.00 X 0 0 0 GEORGE T STERN 5.00 X 0 0 0 WILLIAM R TIMKEN 5.00 X 0 0 0 HOBART D VAN DEUSEN 5.00 X 0 0 0 AMELIA C WOLFE 5.00 X 0 0 0 REV RICHARD E WRIGHT 5.00 X 0 0 0 JAMES YOUNGELSON 5.00 X 0 0 0 S ARNOLD ZIMMERMAN 5.00 X 0 0 0 T CHANDLER HARDWICK 40.00 X 272707 0 59153 James A Frick 40.00 X 176457 0 75533 DAVID T LOW 40.00 X 159326 0 35752 MONIE T HARDWICK 40.00 X 105261 0 46220 SELDEN D BACON JR 40.00 X 104876 0 40137 818627 0 256795 5 0 1 0 WILLIS OF NEW JERSEY STE 212 25B VREELAND ROAD FLORHAM PARK NJ 079321907 INSURANCE 352113 JERSEY CENTRAL POWER & LIGHT 300 MADISON AVENUE MORRISTOWN NJ 07962 ELECTRIC-UTILITIES 303022 ELITE COMMERCIAL 10 DEER RUN BLAIRSTOWN NJ 078259315 CONSTRUCTION-HOUSING 274378 TM BRENNAN 3505 STATE RT 94 HAMBURG NJ 074192626 CONSTRUCTION-BUSINESS OFFICE 255761 FIRST ENERGY 76 SOUTH MAIN STREET AKRON OH 44308 ELECTRIC-UTILITIES 194032 9 5877854 287811 5877854 Tuition/fees 611600 18787045 18787045 Support services 611710 518635 518635 19305680 1368621 1368621 10132 10132 10132 10132 9265559 9159812 105747 105747 105747 Summer programs 611710 473841 473841 Golf & tennis 713910 61693 61693 Miscellaneous 900099 30465 30465 565999 27234033 19336145 545666 1474368 3588502 3588502 660439 660439 6998793 5812604 401218 784971 529456 467207 62249 1972749 1610177 152421 210151 560967 435699 66429 58839 18080 18080 33500 33500 3244008 2635584 41171 567253 1901046 1901046 86440 53524 32916 841804 841804 1890150 1890150 261811 261811 CUSTODIAL SERVICES 774730 774730 OUTSIDE SERVICES 471584 400191 71393 Miscellaneous 445204 26937 274639 143628 property taxes 99648 99648 24378911 20797670 1649841 1931400 3951576 1532932 5756382 4416890 540222 528892 1045515 871939 81894205 22245744 59065828 59648461 34958565 43984717 12479417 14452053 2319889 2421434 120117394 127857318 680873 906518 2148452 2366596 23261427 22758366 1575660 2418608 27666412 28450088 X 49462505 53047461 12768086 14464043 30220391 31895726 92450982 99407230 120117394 127857318 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49379759 2663529 3918215 55961503 62915279 3263766 -16799286 49379759 0.27670 0.72330 0.00000 0 0 1223144 1223144 64187386 13750834 50436552 9964861 3552049 6412812 5715475 4942861 772614 803339 803339 59648461 ALTERNATIVE INVESTMENTS 14452053 F 14452053 INTEREST RATE SWAP AGREEMENT 2418608 2418608 27234033 24378911 2855122 4842529 -741403 4101126 6956248 28488060 4842529 4842529 23645531 3588502 3588502 27234033 20790409 0 20790409 3588502 3588502 24378911 Part X: Description of Uncertain Tax Positions Under FIN 48: THE SCHOOL HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2007-2009) OR EXPECTED TO BE TAKEN IN THE SCHOOL'S TAX RETURN AND HAS CONCLUDED THAT THERE ARE NOT SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. Part XI, Line 8 - Other Adjustments: Change in value of perpetual trust: 101545. CHANGE IN VALUE OF INTEREST RATE SWAP: -842948. Part XII, Line 4b - Other Adjustments: Student Aid NETTED AGAINST STUDENT TUITION AND FEES ON FINANCIAL STATEMENTS: 3588502. Part XIII, Line 4b - Other Adjustments: Student Aid NETTED AGAINST STUDENT TUITION AND FEES ON FINANCIAL STATEMENTS: 3588502. 1 1 1 newspaper advertisement as well as a statement in all appropriate publications (see catalogue). 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 0 0 0 1 NEED BASED FINANCIAL ASSISTANCE 143 3588502 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: STUDENT AID AMOUNTS ARE APPLIED AGAINST TUITION COSTS. X X X X X 1 1 X 0 0 0 0 0 0 0 0 0 T CHANDLER HARDWICK 272707 0 0 0 0 0 27500 0 31653 0 331860 0 0 0 James A Frick 164732 0 0 0 11725 0 16750 0 58783 0 251990 0 0 0 DAVID T LOW 149071 0 0 0 10255 0 14650 0 21102 0 195078 0 0 0 MONIE T HARDWICK 100048 0 0 0 5213 0 14950 0 31270 0 151481 0 0 0 NJ ECONOMIC DEVELOPMENT AUTHORITY 222045817 645912062 2007-10-01 23355000 REFUND PRIOR ISSUE 1995 BONDS AND 1999 BONDS. CONSTRUCT ATHLETIC FACILITY. 0 0 23355000 510046 7815828 342996 14686130 2009 1 1 1 1 0 0 0 0 0 0 0 1 1 WACHOVIA 30.000000000000 0 0 0 X 24 287811 SALE OF STOCK 0 1 1 Third Party Use: Part I, Line 32b: THE ORGANIZATION USES THE SERVICES OF AN OUTSIDE BROKERAGE TO RECEIVE AND SELL STOCK GIFTS. Form 990, Part VI, Section A, line 2 HEADMASTER CHANDLER HARDWICK AND DIRECTOR OF STRATEGIC PLANNING MONIE HARDWICK ARE HUSBAND & WIFE Form 990, Part VI, Section B, line 11 THE 990 REVIEW PROCESS INVOLVES A THOROUGH REVIEW BY THE EXECUTIVE COMMITTEE AND BUDGET/AUDIT COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO SUBMISSION OF THE RETURN. ANY QUESTIONS OR CONCERNS THAT ARISE FROM THIS REVIEW ARE BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE. THE COMPLETED 990 TAX RETURN IS SHARED WITH THE ENTIRE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT PRIOR TO SUBMISSION. Form 990, Part VI, Section B, line 12c EACH INDIVIDUAL OF THE BOARD OF TRUSTEES ANNUALLY RECEIVES A COPY OF THE CONFLICT OF INTEREST POLICY AND IS REQUIRED TO REVIEW THE POLICY AND REPORT ANY POSSIBLE CONFLICTS. COPIES OF ALL CONFLICT OF INTEREST RESPONSES ARE SENT TO SECRETARY OF THE BOARD FOR REVIEW AND RESPONSE IF NECESSARY. Form 990, Part VI, Section B, line 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE COMPENSATION OF THE HEADMASTER IN RELATION TO A PEER GROUP OF SCHOOLS AND BASED UPON THIS ANALYSIS IN CONJUNCTION WITH A BI-ANNUAL PERFORMANCE EVALUATION THE COMPENSATION LEVEL IS ESTABLISHED. THE COMPENSATION LEVEL ESTABLISED BY THE COMMITTEE, FOR THE HEADMASTER, IS SHARED WITH THE REMAINDER OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE ALSO REVIEWS ALL ADMINISTRATIVE/KEY EMPLOYEE SALARIES THAT ARE ESTABLISHED BY THE HEADMASTER IN COMPARISON TO A PEER GROUP TO ENSURE THAT THEY ARE COMPARABLE AND COMMENSURATE WITH THE JOB RESPONSIBILITIES OF EACH INDIVIDUAL. ANY CONCERNS BY THE COMMITTEE ARE BROUGHT TO THE ATTENTION OF THE HEADMASTER. 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. FORM 990, PART XI, LINE 2C THE BUDGET COMMITTEE OVERSEES THE AUDIT AND SELECTS THE AUDITORS AT THEIR MEETING IN MAY.